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Home My WebLink About1457 To pl~c~ ~nd continvously kkp on th~ butldinp~ now a h~r~ahN sitwt~ on said lae~d and on +11 puipmenl ~nd p~nonally covKed by fhit mw~g with all pr~miums tMrton p~id i~ tuil, fire i~suranc~ in ~h~ usw! starxla.d policy fwm, i~ •~vm.approv~d by the MORt~`,AGEE. and winditwrr~ inwr~rtc~ in tM uswl uand+rd pol~cy fwm, in • sum approved by tM MORTGAGEE, in such tomp+ny o? companics tF» MORTGAG~E may dirKtp and all fln and windttorm iniur~eK~ policiei on ~ny of said b~?ildi~ys, any InM~tsf tha~in or part thereo/, In tM +lpyrep~~e tum atortsaid a M uccess therwf. ahall conbin t!» uiual atandard mat9s~ clauss or such o~her ctaus~ u tM AAatpa9ea may ~equir~. makinp ih~ {o» under sa~d poli~ ciq, ~ach and ewry, payabl~ 1o iaid MORTGAGEE ~s its interett may spp~ar, ~nd each u+d eve~y such policy ~hsll b~ promp~ly ~u:9ned and delivered to , +ny Mld by ~sio MORTGAGfE ~s tu~rhe~ secvrity to iaid +natpay~ debi, and, not leu tMn ten (10) d~ys i~ advance of tM expiratio~ of each po1Ky, to da liwr to uid MORTGAGEE a nnewal thereof, lopethe~ wi~h ~ receipt for the p~emium of svch re~ewal; and there shall be no f~re or wind~torm iniuranc~ plaad on ~~y of said buildinps, eny intertit ti?tr~in or part thKeoF, vnleu in the Iorm ar?d with tF~ !ou payable as afaesaid; and in the ev~nt any tum of monsy becomes payabl~ undK such policy or policiet said MORTGAGEE shall haw Ihs option to receira a~ apply the same on accovm of the indebted~ oess secured hersby w b permit said MORTGAGORS to reoeiv~ and us~ it a any part thereof (or other purpose:, wi~hout tharcb/ waiv~~ig or unpair. ir?p any puity, lien w righf ue~de~ or by virtw of this mortyaQs; ind in tM ava+t said MORTGAGORS shall fa a~y reason fail to keep fhe said premiies so +nwred, w fail ro deliver promptly aoy of said polKies of iruvrance to s+;d MORTGAGEE, w fai! prompdy to pay iully any pr~~nium thc~efw or in any respKt fail to pe~form, dixharge, exacute, tffact, complete, comply wirA and abide by this covenan?, a any pa.t hereof, said MORiGAGEE may place and pay fw sticf? irauru?c~ w any parf thtreof without waivi~y w ~ffectinp any optiw~, lie~?, eqvity, a ~ight unde~ or by virtw of ~his Matgags, and ~he full a+noum of c+ch and ewry s~ch payment ihall be immediately dw ~nd paysble and shall bear imerest irom the date the~eof until paid st the iate oi nine per ce~tum per anrwm ar~d togNhe~ with auch interest shall be sec~red by ths lien of this mortgs{~e. ~ 4. To pamit, cwnmH or wff~r ~o wute, imp~irmem w deta?iwation of s~id property a any part thereof. S. To pay ~II se~d siogular ths cosb. charoes ~nd expenus, including a reaso~able attwney's fee a~d cos~s of abstratts of title, incurred w paid at any time by iaid MORTGAGEE, becwse ot in the event of the failvre on the part of fhe taid MORiGAGOR ro dvly, p~omptly and tu!!y perform, dixharye, execvte, effM, compkts, comply with and ~b~de by each and every the stipulatans, agreeme~ts, conditior+s, and covenants oi said promissory ~ote and this mw~gapa sny or ei~her, and said costs, charges and expensei, each snd every, shalt be immediately due and payable; wF~ether or not rlxre !x norice do- mand, attempt to cottect w iuit pending; and the fvll amount of each and every s~ch paymam thall bear interest from tha date thereof until paid at the rate of ni~e per centum per annum; and all said mats, chsrges and expenses incurred or paid, logether with suth inttrest, shall be setured by the lien of thii mortpaye. 6. TMt (a) in the eve~nt of any brexh of this Mwtgage w defaulr on the parr of the MORTGAGOR, a(b) in the evem any of aa~d sums.of money herein referred to be not promptly arxl fully paid within thiry (30) days next after the same severally betome d~?e and payable, without demand w notice, or in the eve~t each ~nd every the stipvlations, sgreements, conditions and coven~nts of sa~d promissory note and th:s mortga9e any a either are no1 ~uly, prompNy arxl fvlly pe~famed, d;scharged, executed, effected, completed. complied with and abided by, theri i~ either o~ any iuch eveM Ihe said ag gregate wm mentioned in said promisswy ~ote then remsining unpaid, with interest accrued, and all moneys aecured hereby, shail become due and p~y~ able fwthwith, w tI1!(Nf1N, at the option of said MORTGAGEE, as fvlly and compktely as if •II of the said sums of money were aiginally st~pulated to be paid on such day, anything in said promissory note or in this Mortgage to the ton~nry notwithstanding; and thereupon w fhereafter a~ tAe op~con of said MORTGAGEE, without notice w demand, suit at law or in equity, thcrsfore or ihereafter begun, may be prosecuted as ef a!! mo~eys secured l~ereby had matwed pi~M fo in institution. ~ . 7, That in the evmt that at the beginning of or at any time pendiog any wit upon this Mortgsge, a to foreclose it, o~ ro refwm it, or to enfo?cs payment of any ciaims hNeunder, said MORTGACaEE sMll apply ro the Court having jwisdKtion thereoi to~ the eppointment of a Receiver, wch Court ihaU - forthwitA sppoint a reteive~ oi said morfgaged property all ind sinyular, includ~ng sIt and singulu Ihe income, profits, iuues and revenues from whatever source derived. exh and evcry of which, it b~vng expressly unde?stood, is hereby mortgsged si if spec;tically set fwth and deuribed in the granting and habend~m ctauses I+ereof, and such Rcceiver shaH have a11 the broad and effective functwns and powers in anywise entrustcd by a Court to a Receiver, and such appointment shall be msde by such Co~~rt as an admitted equity and. a matter of absolute right ro said MORTGAGEE, and without reference to the adeqvacy or inadequacy of the wlve of the propery mortgaged w to tF+e sotvency or insolvency of seid NtORiGAGOR or tAe defendants, and lhat such renn, profirs, ;ncome, issues snd revenues sMll be spplied by such Receiver ~ccwd~ng to the lien w equiry of sa~d MORTGAGEE aod the practice of such Court. 8. To duly, promptly and fully perform, diuha~ge, execute, effect, complete, oomply virith and abide by ead+ aod every the stipvlations, agreements, conditions and covensntt in said promiuory note and this mortyage set forth. 9. That in ihe eve~t the ownership of the mortga~ed premises. •or sny parf thereof, becanes vested in a penon other than the MORTGAGOR, the MORTGAGEE, its successors and auigns, may, without notice to the MORTGAOR, deal with such successb~ a successo+ in intereat with reference ~o thw mortgaye snd the debr he?eby secured in the same manne? as wifh Mortgagor without in any way vitiaYug a discharging 1F~e pllprtgagors' liability here- under or ~pon the debt hereby secured, No sale of thc Fvemises hcreby matgaged and ~o fwbeara~ce o~ the pan of the MORTGAGEE w its s:xcessors w auigns and no extens~on of the time for the payment of the debt hereby secured given by the MORIGAGE~ a its succeuon w ass~gns, shall operate ~o rcleaae, d~sthar9e, modify change o~ affect the original liab~lity of the MORiGAGOR htrein, either in whole w in psrt. 10. It is specifically agreed that time is of the euence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured he?eby shall at any time thereaher be heid to be a waiver of the terms hereoi a o~ the instrument secured he~by. 11. In add~tion to the fwego:ng monlhty paym~~ts of princ'pal and interest required by the paomissory nofe secured here6y, mortgagor coverwnts and agrees to pay to mortgagee w;th each monthly payment an additional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- i~: A-AII real property taxes levied o~ assessed against the above dexribed reat estate. • 8-Premiums on fire and windstorm insurance. as herein requ;red to be carried o~ the improveme~ts sitwte pn tFw above described premises_ C-Premiums on such mwtgage gvaranty insurance as mortgagee shali from time to time cleem fit to tarry oa the ba~ secured hereby. Mortgagee shail from time to time notify mortgagor in writing of the amo~nt due and payabk hereu~der and such sum shall thereupon be due and payable on the due date of thc next monthly payment and each successive month 'fhercaffer until mortgagee shall notify mortgagor of a change- in wd~ amou~t_ Such sums shall be applied by mortgagee toward the payme~f of real property taxes, ins~rarxe prem~wns, and mortpage guaranty inwrance p~emivms. ' tN WITMESS WHERFOF, the said ARORTGAGOR hss hereunto xt his hand and sea~ the day Siyned, Se~led an deli red in the pteaente of: / fiLEO ANO RECOROEO G - ST. luC1E COUNTY FLA. r, ROCER POITRAS n CLERK CIRCUlT COUfI ~ . - RECORD VERIf1ED ~ ~ _ ,~.n. STATE OF Fl0ltIDA IW. ~ I 41 ~N ~~O COUMY OF S t. Ltl C 1 A ~ ~ ~faQ11fe o. C. Peterson 2~14~8 persor?ally ~ppesrcd and Ol i ve D~ P e te r s on ~ wi{~, to me well known and known to me to be the individuab described in ~nd wFw executed the foregoirg instrvment, and ~ckrwwledyed before me that they esecuted the same fw the purposes exw~a. a~d tn~ .~~a Ol i ve D Pe ters on wife of tM ssid 0• C• Peterson upon s sepirats u~d privit~ e:aminsYwn by me tsken separate and apart f~om her said husband, ~ck~wwkdejed ~o and befwe me that she executed said instrument free~y ind rolun- tarily a~d w;tF?wt any compulsion, cunst~ai~t, appreFronsion, w feu of or from he~ ssid husband, WITNESS my Mr+d +nd official seal this_ a~~.1~ ~y o{ Yove b@I' A. D. 19_~Q v NWary PuWic in ~nd for the State of Fbrida at larye My C~tynission exPire~~~E OF ?li?RtQA AT lAR6E Retum Ta .~~~~N~Nqp~.~, Fint Federal SaYings 6 coan Auoc;atron r,'~i~ tr,.. MY COMMISSION EXPIRES SEPT. 23. 197'3 Of Fort Pierce. ~4 TN~ F~ ~ ~~EV~'W ! fOA PietCt. FlMida . . ~ '~}'~f_~ ~ 4 'i ' i i ~ _a' ~,'~.I . . . J ~i ,.~~sQ "n ~ii:~.1,i~ ' - : ~ ~ a~:,~~- = ~ ; -d, ~ This Instrument Prepared By ~TOhl'3 i~i~ ~ ~ J~';•:~ ~ ' ' First Federal Savings E~ loan Association ' ~ ~ ' . . of Fort Pierce~ FlOr'i ds ~~j~~,.,---c~'~ '~~,,~+i ~iN~,~``_= S Checked By ~ • gooK 188 PA~~ 1454 ~;s- ~ _ £ , : .s _ _ y ~ _ . ~ ~ ~ ,y 3 ~ w- .~.~'3 ~i-c,:~s ~a _ ~ ~ F„~ z a~ ~ ~