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Home My WebLink About1060 To plaq and con~in~ously kNp on IM buildinps now o~ AtnaflM NtwN on said I~nd ae~d on ~II putpnwnt ~nd pKwnatly covK~d by fhh mort¢ • pw wiih ~tl pr~miwm~ ths~eon p~cd in fv14 (tn iniuranc~ in tM uwat s~u+da~d poticy fwm, In a swn ~pprowd br ~M MORiGAGEE. ~nd winduam tmwana in tM uswl st~nd~.d pol~cy ta~m, in • wm ~pprov~d by tM MORTGAGEE, in wch ca~any a canp~niq a~ th~ MORiGI?GEE may . dinctj a+d all fN~ and win~btorm imwana policin on any ol said build;~p~, ~ny MM.tit thK~in o~ pat ~h~r~of, In tM apprp~~~ wm afor~saW a !n ~ausf IMr~of, shall contain ~M vawl sta~da~d mortpap~t tlww w wch o~F~ ctw~ a tM MortpapN may rpuW~. makinp ~t» loss und~. u+d po14 ~~^d ~Y. WY+b1~ 1o sa~d MORTGAGEE a its in~KStl may app~ar. and ~ach ant! ~vary sucA policy ~Mlt b~ promptty ass:yned u~d d~livertd ro +ny h~ld by qid 1NORTGAGFE a fwthK ~ecv~iry to s+kl mort~ap~ d~bt. u~d, rwr I~as 1Mn t~n p0I day~ in sdvanc~ of tFv ~xpiration of ~ach policy. ro dr livw to ~aW MpRTGAGEE •~wal tMrwf. top~thK with a rac~lpt fa tM pnn+ivm of such r~newalj ~rd ~i+e~r aha11 b~ no fue a windt~am inwru~c~ p1~ad an any of ~aid buildinp~. any interat tMr~ie or put ti?Kwf, ~nkas in tM fo~rn and with th~ loss piyabb u ~twtsaidj ~nd in th~ ~wnt aoy wm of mpnty bewm~s pay~We veKlK wth polisy or polities said MORTGAGEE shall Mw th~ option to r~eiw .nd ~pply tM san+~ on accow+~ o( th~ kdeb~ed~ nsss s~tur~d ht~~by w b permit said N10RTGAGORS to r~piw ~nd uN it p~ny pu~ ~hsreof fa o~hc~ p~~poses. w~~hout fANEL/ wai~i~~ a unpa;.- inp a~y puity. IiM or ri~ht vede~ o~ by vi~tw of this mortpspr, ~nd in tM ~vM1 wid MORTGAGpRS sMl) fw ~ny reasa, iail ro ke.p ~h. said p..m~a.s so iruvred, or fail to d~livK pomplly ~ny oI s~id policits of inwrsnq ro s~id JNORTGAGEE, p fail promptly ro p~y fvlly ~ny pramium tl+erefot or in ~r?y napad f~fl b pKfa~n, diuharye, ~x~cut~, ~ff~tt, compt~t~. oomply wirh and abid~ by this cownant, p any part hK~of, said MpRTGAGEE may pl~ce u+d p+Y fa s~ ~x+nc~ or ~ny put thaeof without waivinp w ~ffectinp any op1'wn, lien, pvity, w ripht w+dK or by virlw o( this Matqa~e, aod the fvll amount of tach and twry tucA payme+nt shall be imrn~li~tdy dw K+d p~y~bt~ and sh+ll be~~ interest from the dah theteof vntil paid af tM r~» oi nin~ ptr qr~rvm p~r annum and fope~hsr wi~A such interest sMll bs secured by tM li~n of this mort~pe. 4. To.qrmit, oomn+it or wff~r no wst~~ Impaim~ent a deterioration of a~id propKty o~ any put thereof. 5. To p~y all ~nd dopvlar tM cotts, tlwrges and ezp~nses, includinp s ~~asa+abl~ utwn~y's ise and costt of absaacts of title. incvned a paid a~y tim~ by said MORTGAGEE, becaus~ w in tht swnt of the failwe.on th~ part of tAs s~id MORTGAGOR ro dvty, prompely ar~d fu!!y pe~fwm, d~xhsrps~ sxsevt~ ~ff~et. compi~t~, comply with a~+d abid~ by ~ach ~nd avery tM stipulauons, spreements, conditio~q, and covenints of said proreissory note and thi~ ^artp+p~ +^Y or ~itha. ~~d a+id costs. cMrpes ~nd ~xpenas, each and every, sh+ll b~ immediatety due ~nd p+yabt~; whNher a not tMer~ be notice dr r^+nd. +ttemP~ w co~Nct or wit p~nd~ny: and tlw full amount of ~ad~ and wsry wch paymem ~ha0 bsa~ inte?est f~om ~he date rhereot umil paid af the rate of ei~s per cenlum per u~rwm; and all said costi, cha~pes and e:pensea intur~~d w paid. togtlher with ~~ch intsrqt, ihall b~ secured by ths IiN+ of this ma~p+p~- 6. Th~t (a) ths ~wm of any breach of rlia Mwtyap~ or default on the pan of the MORTGAGOR, or (b) in tM event any of said wfis of ma~ey herain roferred to be not promptly ~nd iully p~id within thirty (30) days next afte~ the same severalty bacoms due and payabb.'witiww demand a notics, or in the event each and ewry the stipvlations ~raem~nn. caxlitions and coveni~q ol satd promiuay note and M~s mat~age any a eirhe~ are nol iuly, pompfly and fu1H p~riorm~d, d~uAarged, exacvted, ~ffected, compl~ted. complied with u~d ~bided by, then in e~ther w. any such twm tM said ay~ yregate wm mentioned in ssid promissory note thm remaininp unpaid. with inttrest accrued, and all mp?eys setwed herebY, shall becom~ du~ ~~d paY abk fwthwitly o~ rhersafter, at tM oprion of ~aid A1pRiGAGFE, as /vlly and campl~teiy as if aU of the said svms of ma?ey were orgin~lly stipuiated ro be piid on such day. any~hir~ in sa;d prom;sswy note or in th~s Mort~aga to ths com?iry non~rithstuxlin~: and thereupon a thereafter a~ th~ option of said NWRTGAGEE, w~thout naice or dems~d, wit at bw or in pviry, the~eforo or tl~eafrer beyun, may be prosecured u if all ma~eys secu~~d haeby had m~tured pno? to ifs ir?stitutan. 7. That in the event that at th~ beginning of or st any tima pendi~g any wit ~rpon this Mortpaye, o. ro ioreclose it, w to refwm it, a fo e~forp paYment of any d~ims her~unde~, s~id µpRTGAGEE sMN apply ro the Co~rt iwving jurisdicfion ~hereo( fo~ the eppointment of ~ Receiver, such CarA shaN fathwith appoint a receiver. of said mortpayed property all ard sirgvla?, includ~np ~II a,~d singul~ tM irKOme. pro};ts, issues and revemies f~om what~vet souro~ de.ived, eich ~nd tvery of which, it bcinp expressly unde.s+ood, ia l~ereby mortgaged sf if specii~cally set forrh and de~cribed in the yrsn~inp ind haber~dxn dausts hereof, and wch Receivsr shal! have ap tht broad arw! eHectire funct~ons ind powen in anywise entruated by s Court to a Receiver, ~nd such ~ppointment ihall be mad~ by wcA Covrt as ~n adrnitted eqvity and a matter oi absolute rgh~ w aid MORTGAGEE, ~nd without reference w tM adeqwcy p in~dep~acy of ths wlue of the property mwty~ged or ro the wlvency a insohency oF said 1NpRiGAGOR or the defendann, end ~hat avcy r~t• p~afits, income, isiws and revenws aAall b~ applied by such Receiwr scco?diny to tM lien w puity of ~aid MORTGAGEE and the pract;c~ of ~uch a. To duly. prompty ud fuly perfonn, ~scharge, execut~, eH~ct. aompkte, complY with and ~bid~ by esch ~nd ~very th~ stipvlatioos, ayreemeny, condifiona and roverann ;n said promiuory noq and this mortpa~ sN forth. 9. That in the ~vent tM ownenhip of the mort9+4~ P?~aei, or any psrt thdeof, betanes veated in ~ penon other than the MORTGAGOR,- tl+~ MORTGAGEE. its successors u~d assiyns, maY, without notice to the MORTGAOR, deal with such successp o~ wccessor i~ inte?est with referance ro this morr~ and rl~e debt F~ereby secwed ~ tl~e s~me ma++ner u wiih 1Nongago. withovt ~in sny way vitiatirg a d~scharginy the Mw~gagoa• liability herr under or upon ths debt hereby secured_ No sale of the p~trmises hereby mortgaged ~nd mo fwbearance on the pan of the MORTGAGEE w ib successws or +uigrq snd ra exteruion of the fime• fw the payment of the debt hertby secured qive~ by the MORTGAGEf w ih successors o? su;p~ shal! operat~ ~ to rsleas~, disclwr~e, modify charge or affect ths wiginsl li~bility of the MORTGAGOR.Iwrein, eithe~ in whole a i~ psrt. 10. It b tpecifically agreed that Yune is of the essenu of this contracl ~nd that no waivsr of ~ny obliyaYwn here~rnde~ or of ths obtgation se- cvred hereby shall at ~~y time thercafter be heW ro be a waiver of the terms hereof w of the instrument secwed herby. 11. f~ add"eion to the (orego:ng monthly paYmt~K of princ"pal and 'mterest requ~red by the pom]sswy no?e secured hereby. mortgsgor covenanri and agrees to pay a mortgagee wifh each maNhlY paYmenf an sddirion~l sum estimated 6y mo~rtyape~ to be equsl to 1/12 of fhe annwl cost of the folbw- ing: A-All real property taxes bvied a assessed sgainst the a6ove described reat eaate. ~ B-Premiums o~ fi~e and windstorm inwrance u herein req~:red fo be carried on the improvemenb sitwte on the above dtsvibed premises. C-Premiums on such mortssge gw~a~y irourance as matgagee shall from time to time deem fit to csrry on the ban ~cured hereby. Mwfgagee shall from time ro time notify mortysgor in writing of tne smount due a~+d payable he?eunde~ a~d such wm shall thcreupon be due and payable o~ the due date of the ~ext monthly payment and sacF+ ~uccessive month thercafter unti! morlgspee sh~ll notify mortgagw of a ch~~ge in wcfi amouM. Such swns shall be applied by mort9egee toward the payment of real propcrty taxes, insurance prem:ums, and mortp~ge q~a~anty ~w~~q • premiw~q. ' ~ IN WfTN fREOF, said MORTGAGOR has hereunto set Iw hand and sesl the day ud yeu f'ust aforesaid. sg~ad. preaenc~ of: - ` E lE0 ANO UECO~p~o L(J ' n_ S~ 411CIE C4tINtY fLA. ~ ~ 8 e IIOCER PQI? ~ q frt i~+~ n O O i, i_ CIERK CIRCUIt , ry ~ ~ECOROrER~~~EO ia S. Bailey ,~q STATE OF FLORI~A . ie ~ ~ courmr oF St. Lucie ~u' e.to..~.~.P..,«~uY.~...~a William L. Bai Ao ~11.~~ ~~y='-`,. ~ ~~T~T-. . , and LO~S S. BaileY h~s w~e, ro m~ v~?!`.~tt~ " rw nr w b~ rhe iedividwb desvibed in and wF?o ~xecwad the forepoinp instrvment, r+d ~cknowl~daecl bef«e me that thy ~x~t~,` ~ pwp~s IhltHl fXpflfi~. ~1fld 1~N N ~ ~ „ii~~,- wife Of tFN s~id • aY~ iwd af~ exsmin~tan by ms taken separate and ap~rt from her ~aid Iwsb+nd, adcnoMriedped to and btfoh rt» that sh~ ^ , tarily and witho~A.a~y oompvlsion, coratr~int, apprehe~~j'°~ or fex of or from her s~id husbard. ' ~ WITNESS my hrnd and oHic~al seal t1•K !J ~h- ~y of D' - 19~_ , : ~ . . Notary Pubtic en and (w Retum Ta MY Cornmis~ioe ~xpirese~;,l~!J~piNU~~~?~`~~~ Fint f~deral Savir?ps a Loan /lssociatan • Mo~e1? ?~~~~~oei rt t~r~ Of For1 P;erce. ~ ~ON. ~ Fort Pierte. Florida M~M~ M A~wkw Hw i Cr~ifr Q This Instrument Prepared 8y J. D. Cha s ta im First Federal Savings b Loan Association - ~ of Fort Pierce, Florida Chedced By ~ . 600K1~0 PACE~V~ . 3 ~ .,,~,5.~,.,.~,.~~ ; . - ~ -~u.._