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Home My WebLink About1703 To piaa and continvo~sly kNp on th~ buildinqs now a henafq~ ~twN on ia~d land and on alt eqvipment ~nd p~rsonaUy covered by thii mat~ a9s, wilh all pranium~ thsrea? pa+d in fvll, fire i~sur+nt~ in ~h~ ~su~l standard potity form, in ~ sum ~pproved by th~ MORiGAGEE, and windstorm ~nsuranc~ i~ ~M uwal i~andard polity /wm, in a ium approved by rh~ MORTGAGEE, in iuch co.npany w comPa~ies as ~M MORTGAGEE may directr ~nd all iir~ and winds~orm insuranc~ policie~ on any of aid build~nps, a~y interest therein or part thereof, i~ tFw agyreg~ee sum ~fa~s~id or in ~xce~s thcreof, tMll contain ths uswl iundud mort9aye~ dw~e a such o~hH claus~ ~s the Matyaqes may ~equir~. makinp the loss unda sa~d poli- ciet, eath a~d eve~y. paYabk a taid MORTGAGEE ss its inferesl may ~pP~+r, u+d each and ~very ~vch po~icy ~hall ba promptly au yned and delivered ~o any MW by ~aid MORIGAGEE as iurlM~ seturity to ssid ma~p+y~ dcb4 ~~d, no~ leu ~han ten i~0) days in advance of the e=p~ratia? ot each poticy, to da I~ver to iaid MORTGAGEE a rmewal therwf, Iope~Mr with • receipt fw the pemium oi wch renewai; and there ~hall be ~+o f~re or windstorm ins~ranc~ plspd on any o( uid bwldlrgi, any interett therein w pu~ the~eof, unless in the (wm and with 1M ~oss p+yaWe as sfwesaid; and in the event any tum of n~y becomts payable u~? such policy w polities s+id MORTGAGfE shall Mve the opt~on ro rec~ive and apply the same on accouM oi the indeb~ed~ ness sKUr~d httlby a b permit said /UIORTGACiORS to rKeive srd ~s! it p any part thereof fot oiher purposes. w;tho~t th_rau/ waivin~ o~ unpa~r- ;ny any equity. lien p right under w by virtw of thii mor:ya9~j and i~ ths ~vent ss~d MORTGAGORS shall fw any reason fail ~o keep the sa~d premises so insured, or fail b deliv~. promptly a~y of said po~Kies of i~swance to ss~d MORTGAGEE, w fait p:omp~ly to pay fully any pre~n~um tl+erefw w in a~y respect Isil to pe~form, d~schuge, ~aecute, eff~d, comp~ets, comply wi~h snd abida by this covc~ant, w sny parf hrreof, said MORTGAGEE msy plsce a~+d pay fa tuch inwranc~ or u+y p+?1 thereof without waivieg w sffactinq any option, lien, equ~ty, or righf under a by vir~w of fhis Mwe9age, and ~he full amou~t o( escA and ~v~ry such payma+t shal! be irrunediately dw and payabls ~nd shall bear interesl from tha date thereol until paid at tM rate ol nine pat centum psr annum and to9ether with such interest shail be secured by the lien of Ihis mo~tgage. 4. To pernut, comn?i~ w sufier no waaro. impa'ument or detsrioration oi said p?operty w ~ny part thereof. S. To p~y all and sinQuls? the cosb, cMrges u+d expsnses, including • reasonable attwneY i fes and costs of abstracts of titte, incu~red w paid at ~ any time by said MORTGAG:f, becauu w in the event of the failu~e on ~he part of the said AAORTGAGOR to duly, p~omptly and fu11y perfwm, d~xha~gs. execute, ~ffec~, complete, canply with and ab:de by each ar~d every ~he stipulat~ons, agrerments, conditions, arn! cove~~ants oi said p~om~:sory note and thi~ mortgaye any ot eiiher. ~nd sa;d tosts, charpes ~nd expenses, e+ch ard every. shall be immediately due and payable: whether p nof there be notice de~ mand, ~ttempl to collect o~ suit pending; ~nd tM full amo~nt of each and erery svch paymenl shall bear interesl from the date thereof until paid at the .ate of nine per centum pa;r am~urn; ar+d all said costs, charges and expenscs inturred or paid, togetFxv w~th such interest, thatl be ietured by the lien of thiu mortysp~. 6. Thal (a) in the event of any breach of this Mortya9e w defaul~ on the part oi the MORTGAGOR, or (b) in the event any oi sa:d sums of money herein referred to be nd prompt~y and lully paid within thirty (30) days next afte~ the same seve~a!Iy become due and payable, wilhout demsnd or notice, ~ or (c) in the eveM eath and every the stipulations, agreamenq, conditions and covenants of aa:d promiswry note and th~s mortgage any or either are not ' ~uly, promptly and fully paformed, d~xharged, e:ecutad, eifected, completed, compGed wifh and ab~ded Sy, ~hen in e~ther or any •uch event Ihe s~~d a¢ gregatt sum mentioned in taid promiuoty note then remaining unpaid, with interesl :ccrued, and all moneys setured hereby, shall betome due and pay- sble fwthwith, OI (F1HNftN~ at the oprion of said MORTGAGEE, as fully and completc~y es if all of the w~d s~ms of money were wginally it~puiated to be paid on wch day, anything in said p~omisswy note w in this Mwtgage to Ihe contnry notwithstanding; and thereupon a thercaiter at the option of seid MORTGAGEE, without notice o~ demand, suit at I~w or in ~quity, therefwe or thereafter begun, may be prosecufed as if sll moneys secured hereby nad matured prwr to ~ts institution. 7, That in Ihe event that at the beginning of a st any t~me pending any suit upon this Mortgage, w to foreclose it, w to reform iL w to enforce paymcM of any claimi hereunder, said MORTGAGEE shatl app~y to the Court having jurisd:ction Ihereof iw the appo~ntment of a Receiver, such Cour1 shall iorthwith appoinl a receiver of ssid mptgaged property all and singulsr, intlud+~g all and singu~ar the income, prol~ts, iss~es and reve+~uea irom whatever source de?ived, eath and every of wh~ch, it being expressly understood, is hereby mortgaged as if speuf~calty set fath and deuribed in the yranting and haSendum clauses hereol, snd such Rcceiver shall have all tl+e boad ared effecrire fv~cf~ons and powe~s in anywise e~trusted by a Cou.~ to a Receiver, and auch appointment shall be made by such Court as an admitted equity a~d a ma~ter of absolute right to said MORTGAGEE, and w~thout refererxe to the adequaq o~ i~adequacy of the value of the properry mor~gsged or te ~he se~venty a insolvency of said MORfGAGOR or 1he deiendants, and thal such ~enrs, profits, income, issves and rerenue: shall be spplied by such Receiver accore~~ng to the lien a auity of uid MORTvAGEE and the pradice of such Court. 8. To dufy, promptly and fully perform, dischar9e, execute, efiect, compkte, comply with snd sbide by each and every ihe stipulations, sgreementt, conditans and covenantt in sa~d promiuory note and this mortgage set fwth. . 9. That io the event the owne~ship of the mortgaged pr~mixs, w arry part tFxreof, becomes vested in a person other than the MORiGAGOR, the MORTGAGEE, iri wccesson and assigns, may, without ra~rce to the MORiGAOR, deal w~th such successw a successor in interest wifh reference ~o this mortga9s~ and fhe debf hereby secured io ihe same mamer as with Mortgagor wifhout in a~y way vitiating w dixhargirg the Mwtgagors' tiab~lity herr under o~ upon the debt hereby secured. No safe of the premius heroby mutgaged and no fwbea~ance on the part of the MORTGAGEE w its s~ccesson or ass~gns and no exte~sion of the time fa the payment of the debt hereby securcd given by the MORTGAGE~ or its succsssors or au+gns, ahall operate ~o release, d~scharge, mod~fy change or sifect the wiginal liab~l~ty of the MORTGAGOR here7n, either in whole w in part. 10_ h is spec~fical~y ag~eed that time is of the euence of this contrxt and that no waiver oi sny ob~igat~on hereunder or of the obligation se cc,red hereby shall at aoy time thereafter be held to be a waiver of the terms hereot or of the inst~umem secured herby. I 1. In add.t;o~ to the forego ng mo~thly paymeNS of p.int"pal and interest requ~red by the prom~ssory no!e secured hereb/, mortgagor covenants a.,d agrees to pay to mo: tgagee v?ith each monthly payrnent an add~~ional :um estimated by matgsgee to be equai to 1 j 12 of the annual cost of the follow- ing: A-Ali real ~roperty taxes lev~ed or auessed agai~st the above deuri?~ed real esrate. B-Pram~u~ns on f~re and windsto~m insursnce as herein requ~red to be carried on 1he improveme~ts situate on the above described premises. C-Prem~ums on such mortgage guaranty irtsurar~ce as mortgagee shail from t;me to time deem fif to carry on the loan secured hereby. Mortgagee shail from time to time notify mortgagor in writ~ng of the amounf due and payabie hereundrr and such surn shalt thereupon be due and ~ayable on the due ciare of the next monthly payment and each successive month thereafter ur.tii morigagee shall no!~fy mortgagor of a change in such a+r.ount. Such sums sFa~l be applied by mortgagee towa~d the paymcnt of real property taxes, insurance prem:ums, a~id mo~tgage guaranty inwrance premiums. i ~ IN WITNE55 %VHEREOF, the sa+d ORTGAGOR has hereunto set his hand and seal the day and year first af id. ; g~ed. ;ealed li ed ' presence of: t ~ s fILfD AMO RECdR0E0 ~ t ST. LUCiE COUMTY flA. ~ ROGf R POITRAS • C CIERK C~t~CU1T COURT ~ ~ ~ RECQRD V[R~FIEO ~ - STATE OF FlORIOA M~Y ~ g 2 34 PH' couNrr oF SL. Lucie ~ Before me penonally sppeared J. R. ~Il~l a^d ~ ~8t~12'~1L1 S• ~ln~l his wite, to me well known and known to me fo be the individwls desuibed i~ and who executed the fora9oirg instrument, and acknowledged befwe ma tMt they exec~ted ttro same for tha pwposes ~ rherein exp~esxd. And the said g8t'h2'~Il ~'~Tliel ~ ~ W~r~ or the w~a J. R. ~Ie Daniel . ~p«, ,„p„ .;na pe;~,,,t. ~ ezam~natwn by me ta4en uparate and apart from he? said husband, sdcnowledged to and befwe me that she executed said irnjr. ( 6'Otl~_;~ , rarily u~d without any compulsion, consera~nt, appre or feu of or from her ssid husband. 'L'•~.~i ' ~ ; ~,-.44,x"t. ~ WITNESS my hand and official seal thi day of ~ $":1~,,~ ; t: ~ ,~a : ~ ~ ~t: a : ~ Notary ublic in a~d for t Sta Of ~ A- ~ My Commiuion expires: ~ i ~ ~ , • _ Return Ta % ~ : v ~ - . ~ NOTARY PUBIIC STATE OF FLORIDA %p~ 4' 4 Fint Fedenl Savings b loan Associat~an MY COMMISSIQh E:LPiP.FS MAR. 2, ~ Of Fort P~erc•. ~aENERAI INSURANCE t1P~DERWRITERS, '~'`s~ t~ fort Pierce, florida /(~K~i1l~~'' ~ 3~~~ y~ F ~ ~ s~+ ~ This Instrument Prepared By d. D. Chastain ~ First Federal Savings 3 Loan Association ~ of Fort Pierce ~ Ir101'ids b~ Checked By ~ ~ ~ l~s ~ ~ ~ . ~ _ . ~ ~ ` _ ~ ~ ~ ~~w re °r,'..._:._ ...n,. _ _ . _ '~`J ~ ~..~~-.¢'~.3~