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Home My WebLink About0274 ~ To pl~c~ and coroenuous~y ke~p w+ ~M bu~ld~n~s now w htr~aftN tiluN~ on S~id I~nd ~nd pn all cquip~nenl and pe~ton~ity cover~ by thit mort¢ p~. with dt p~~miums ~herwn p~~d i~ (utl, tin insun~~ ie th~ uw~l itandud policy lorm. in • wm app~ov~d by Ihe MOR~GAGtE. and wind~tam +n~w+nce in tM uiwi uaoda+d pobcy fam, in • wm ~pprovsd by ~M MORTGAGEl, in wch compaay o~ compan~es as ~M MORTGAGEE may d~r~ctj and ~It lir~ and wa+d~arm in~wa~a polici~s on ~ny of uid build~npt, ~ny inMr~sr th~rcin or part ~heaeol, in }Me apyrcy~re fum ~laetaid or !n ~ac~as ~haeof. shall con~ain iM usual itandxd mort9apN claus~ o~ such aFw clause as ~M Mat~ayea may reqv~r~. maa~rq tM Ioi~ unda ~•~d po1F cies. sach ~nd ~wry. paYabN w s~id MORTGAGEE ai itf in?~rs~t maY app~a.. and eacA and every such pot~c•~ sf~ali be p~omp~iy au 9ned a~~d deiivered eo ~ +ny MW by s~id MORTGAGff a(vrehsr securi~y ~o said ma~p~ debt, •nd, no~ leu tMo tcn (1~) days in ad.ance of t1+s expuanon o1 each pol~cy, to de- IivN to Nid MORTGAGEE • renswal ther~of, to~etFy~ with a reteipt fot IM p~mium of such renewal; and there shaU be no f~re o~ wi~~dsto~~n iniurance ~ plx~d on ~ny ol ~id buildinps. any i~tr~est therein a part lhtreaf, unleu in tht fo~m and with tFw los~ pay~bfe as afassaid: end in tF,~ cvent eny sum of mon~y pecarws payapl~ v~,de~ such policy or polici~s said MORTGAGEE shsll Mv~ ~M optae? ~o rece~ve and apply the same on accuum o( ~he indeb~4~d- neu secw~d hertby a W pe~mit said MpRTGAGOR$ lo receivs and us~ il p any parl thereof lor oibcr puryotes. .v~iho~t ~h~~.u~ w.,i~~ ~3 or unpd;r- i~ any pvrty, litn w righl uc~ds~ p by vi~tw of this mors~spe; ~nd in ~ht ~vMt u~d MORTGAGORS sAall to~ any reason lail to keep ~he said premises w insured, or f~il lo deliver prompNy any of iaid polKias oi i~sunnce to said MORTGAGEE, or fail prompdy to pay fully any pran~um therelw a in any ; respett fail ro pafam, dixMrge, exetute, ~f/ttt, comptete, compty wifh and abide by thi~ rnvtnanl, p any purt hereof, ssid MORTGAGEE may pl~ce an0 P+Y fw such i~suranc~ a any p~n fhsraof without waivinp w afiectinp any optiai?, lien. equity. a righ~ unda a by virtw of ~hi~ M«~ga9e. and ihe full amount of sach and ~very such p~yment sh~tl be immed;ately dut and payabla •~d shali bear inte~est (rom ths data thereo( unfil paid a1 the rate ol ~ ~~ne Psr ceroum pe+ aniwm and togelhe~ with suth interesf shali be secured by the li~n ot this mortpaga. ~ 1 To permit commit w suffer no wute, knp~'ament p deterioration of said property w any part theteof. S. To pay all a~d sinpulx tM cosb, cMrpss u~d expanses, including a reasonable attwney i fee and costs of abstracts ot title, incurred or paid at a^Y ~~^+e bY s+id MORIGAGEE, becauss a in the ev~nt of the failvre on the pul ot ~hs said MORiGAGOR to duly, promptly and fu!!y perfam, d~xharge. execute, effect, complete, comply with and ab:de by esch and every the stipuletions, a9~eemenh, condifions, and covenants of said prom;ssory note and ihis mortgape any a eitf~, ~nd iaid coay, cMrgea and expcnaas, rach.and evcry, sh~ll be immediately dve and payabfe; whether a ~ot there be notice d~ mand, ~ttempt to cofkd w suir pend~ng; and tht full amount of exh and evsry suth paymeM shall bear i~teresf from the date thereol u~til p~id at the +ate of ni~e per ccntum per annum; a~d all aaid tosts, char9es and expenses inturred or paid, together with such inle~est, shall be secu~ed by the lieo of this ~9~- 6. Tha1 (a) in the event of any breach of this 1ltortgage or delavt~ on tFr pa~t af the MORiGAGOR, or {b) in the eveM any oF said sums of money herein rafcned to be not promptly and iully paid within thirty (30) days next after the same sererafly become d~x and payable, wi~hoW demand or notite, or (cj in the event each aod evary the stip~rlations, agreements, conditian and covenants of sa~d promiuory note and th~s mortgage any a eiiher a~e nof } ivly, pompNy and fully perfwmed, dixMrged, eaecvted, effected, completed, complied with and abided by, then in either or any such evem the ia~d ag t gregate wm menrioned in said promissory note then remainirg unpaid, with interest accrued, and a11 mooeys srcured hereby, shalt become due and pay- ± abte fathwith, o~ thereaftd, at the option of said MORTGAGEE, u!ully ard completely as if atl of the said sums oi rtwney were or~ginatly st~pulated ~o be pa~d o~ s~ch day, anything in said promiuory oote or in rhis Mortgage ~o ti~e cootrary notw;thstanding; and thereupon w thereafte? a1 the option of said AhORiGAGEE, without ootice w demsnd, wit af law or in equity, tlxreforc or thereafter begun, may be prosecuted as if a!1 ma~eys secured hereby had matured preor to its institution. 7, That in ~he event that at the begirinirg of or at any time pending any suit upon this Mwtgage, or to foreclose it, w to retam it, w to enforce payment of ~ny claims h~veunder, said MORTGAGEE shall apply ro the Court having jurisdidio~ thereo} tor the appointment of s Receiver, such Covn shall foathwith appoint a receive? oi said mortgaged property all ~nd singuiar, includmg all and singular the income, prof~ts, iss~es and revenues from whatever source c+erived, each and every of which, it being ex{xeuly understood, is hereby mwtgaged as if speufically xt fath and deuribed in the granting and habendum ctavses hereot, and such Reteiver slwU have al! the broad and effxt;vs funcnons snd powen in anywiu e~trusted by a Court to a Receiver, and :uch appointment shall be made by wch Cou~t sa an admitted equity and a matter. of absolWe rigM to said MORTGAGEE, and without rEterence 1o the adequacy a i~adeguacy of the value of the property mortgaged or to the soNency w insolvency of said MORTGAGQR w the defendants, and that such rems, profin, income, iuues and rovenues shall be applied by such Receiver accading to the lien or equity of said MORTGAGEE and the practice of such tourl. 8_ To duly, promptly a~d fully perform, distharge, exeevte, effect, complete, comply wilh and abide by each and every the stipulations, agrcements, conditans and covenann in sa~d promiuory note and this mortgage set fath_ r ~ 9. That in the eveM the ownership of the mortgaged premises, or any part thereof, becomes vested in s person Oth~r than the MORTGAGOR, t1~e MOR7GAGEE, in succeuora and euigns, may, without notice to Ihe MORTGAOR, deal with such successa or succes:or in inte~est with reference to this ~ mortgage and the debt hereby secured irt the same manner as wifh Mortgagor without in a~y way vitiati~g w dixharging the Mortgaqori lisbility here- under ot upon the debt hereby secured. Np sale of the premixs F~ercby mortgaged and no (orbearance on the part of the N1pRTGAGEE or it~ successors or auigrn-and no eztens'ron of the time fa 1he psymem oi the debt he~eby secured given by the MORiGAGE'_ or its sexcessors o+ ass;gnt, shall operate ro release, d4scharge, modify cha~ge o~ affect the original liability of the MORTGAGOR herei~, either in whole a in part. 10. It is spec~fically agreed that teme is of the esxnce of this contract and lhat no waiver of any obltgat~on herevnder or of the obligation se- cured hereby shall at a~y time thereafter be held to be a waiver of the terms hereof o? oi the instrument secured herby. 11. In add~tia~ to thr forego:og monthty payments of princ pal a~d interost required by tl~e p~omiuory no!e secured heieby, mortgagor covenants and agrees to pay to mo:tgagee with exh monthly payment an add;~io~al sum estimated by mortgagee to be equal 10 1; 12 of the annual cost of the follow- in~: A-All real propi~vty ~axes levied or asxssed against the above described reaf estata ~ 8-Premiumz on fire and windstorm inwrance as here~n requ:red to be carried on the improveme~ts situatr on the abave described premises. C-Premiums on such mortgage guaranty insurares as mortgagee shall from t;me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagar in writirg of the amount due and payable hereundrr a~d such s~rn shall thereupon be due and payable on the due date of the next r.wnthly payment and exh auccessive month the~eafter ur.til mortqagee shalf notify mortgagor of a char?ge in s~ch amount. Such sums,shail be applied by morigagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty irtsurence p~emiums. • iN WITNESS WHE OF, iht said NIORTGAGOA has i~ereunto set his hand -~rsd seal the day and y r first aforesai .`~S+pned, eakd an efivered in lF~e presence of: ~ 1 J f1~EQ Ar1D RECORDEO ST.lUG1E COItN?~/ f~A. ' ap aOCEa POrTRAS on T ow s CLEAK C~RCWT URT RECORDVERIFIE~ _j~~118 E.`~710i+T1e8 r~~ STATE OF fIORIDA O~c 28 2 zo PM TO . ~ou~rY oF st. Lucie ~ u- `,Z(,2~01 - 8efwe me personally ...~d Leon T. Knowlea a~d , Zd91 A L''. Kno~rles his wife, to me well known. ar~d knbwn ro me fo be the individu~ls described in and who executed the foregoing instrument, and scknowledyed before me that they e:ecut~d~tAw;t}~Ae' far the p~rposes rherein expressed_ And the said IC191~8 K210W1e8 wife of the said Leon T K 11/ $ ~~.~_~~~~~~e~~~,=~,i~i ,~I(~Oq ~i' il! and privats examinat~o~ by me taRen separate and apsrt from her said husband, ~ckrawledged to and before me that she exep~lje~, -jl~t~r~~~.iend volu~- far~ly and without any compu{sion, constraint, sPpret~ens~ or fe~r of or from her said husband. ~".'ti~ ! C., y= WITNE55 my hand and officiel ieal this day of D mb ~~=M'Y-'~"~~ ~ ~ 0 _ ~ ~q.Z : Noqry Pubtit in and fot Jit My Commiuion e:p'~t{s:"•. ' • ~ Return Ta . g - ~ ~~"~)~~~-Fl~rida t! Latq! Fint Flder~l Savings 6 loan Association rOfi~~(~~Kp'~t~rLS ;;E~72. 15. ~~j] Of For? ~7erce. ~dW ~r Ao«iw fi~ l Gswt~ C~ Fort Pierce, flaida _ . , y ~ ~ =7/ This Instrument Prepared By J. D. Chastain ~ First Federal Savings & loan Association of Fort Pierce~ Flori da Checked By ~ ~oQK 189 2~~ ~ ~ ~8 ~ ~~~~wr y- _ _ _ ~ _ _ ..v~_~ _ - ~