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Home My WebLink About1829 3. To place and continuous~y iceep on the buildings nuw a he~rafter ~ituate on sa~d (and and on atl cquipment and personally covered by thif ma ~ge, with all p~emivms Ihereon paid in full, i~re insurence in the usual ~~aida~d poticy fotm, in a sum approved by Ihe MORIGAGEE, and windsto ~ns~?ance in ~he usual standard pol~ty form, in a sum apFuoved by ~he MORTGAGEE, In i~ch company w companie~ as ~ht MORiGAGEE m d~ra~; ~rtd ~II fire and wind~torm insurence pol~cie~ o~ any o/ said build~ngi, ~ny interei~ therein or pan thereo(, in the s49rega~~ ~um ~faesa~d exteu thereof, ahall contain Ihe usual standard mortgagee dause w such olher dause u Iha McKtyagce may reqwrs, m~Ainp fhe lou under ~a~d po ues, each and eve~y, payabte to sard MORTGAGEE as lts in~cres~ may appear, and each ar+d eve~y suth pol~cy shall be promptly gned and de6vered ~ sny held by said MORiGAGEE as (urther security to said matyage debt, and. ~01 less Ihan fen (l0I days in advance oi the eYpirat~o~ of eath poiicy, to d~ Gve? lo said MORTGAGEE a renewal the~eof, toqe~he~ with a rece~pt fo~ the p~emium of tvch ~enewal; and the+e shall be no fire a wi~xf~twm inw~anc P~ated o~ any ol faid buildings, any i~tereit 1he~e~n or part ~he~eaf, unleaa in the form and with the loss payab(e as aiwessid; and in the event any sun ef ma+ey becomp payable uodc~ such policy a pol~ues said MORIGAGEE shall have fIM OP1iW1 10 fKC~vC and appty the sime o~ accouM of the indebtrd ~ess secured he~eby a~o pcvmit said MORTGAGORS to rece~ve and use it w any pa~/ thereof fo~ o~h~•r pwposrs, w~thout Ih:rEO~ wai~rin~ or ~mpair iny +ny eq~~ty, lien w ri9h1 under or by virtue of this mo::gage; and in the evem w~d MORTGAGORS shall fw a~y reason fail to keep 1hs said pr~mises w fnsured, a faif to detive~ promptly sny o( said poGcies of insvra~xe to sa+d MORIGAGEE, w(a,l promptly to psy fully any premium there{or or in any resped lail to perfam, d~scha~ge, execwe, e(fect, comptete, comply with and abeda by this covenan~, w any part he~sof, said MORTGAGEE may place and pay for ttich in~urante or any parl the~eo( without waiving w afteclirg any option, Iien, equ~ty, a ~iqht under or by virtue of thif Mo~tysye, and tF~e lul! a~nou~! of each and every such paymam shall br imn~roisteiy tiue and payable and shall bear i~terest from the date thereo( until pa~d at the rate ol nlne per c~nt~m per annum ancl to~ethrr wi~h iuch interest shaii Ge secured by the lien oi thii mortpage. # 1. To permit, commit or sui(er no waste, impairment w deteraratia? of said property w any part fhereof. ~ S. To pay all snd singuls? the costs, tharges and expe~ses, i~cluding a reasonable attorney i Fee a~d cos?s of abstra~t~ of tiNe, inc~rred w paid ~t eny time by said MORTGAGfE, because or in tl?e event of the fa~lure o~ the pa?1 of Ihe s~id MORiGAGOR to duly, prompNy and fully perform, d~uha~gs. execute, effec~, complete, comply w~th and ab:de by eacfi and every ~Ae atipulae,ons, agreeme~ta, conditions, and covenants of seid promissory note and tAi~ ~ morfgpe eny w e~the~, •nd sa~d c~ts, charge~ and expenses, each and every, shaN be immediatcly due and payable; wFx~her a oot the~e be notice de t mand, atttmpt to collKt w suit pending; aRd the tull 'a~nounl of each arx! e~ery such payme~l shall bea. interest from the dete thercof until paid at 1he ~ rate ot nine per centum }xr an~~un; a,x.' alf said costs, charges and cx~rnses inturred or paid, together w~th ~uch i~teresR shell be seturtd by the lien of this I mwt~ay~. 6• Th~t fa) in 1he event of ~ny brexh of this Mwtgage w defa~tt on the part of the MORiGAGOR, or (b) in 1he e~en1 any of sa~d s~ms of mohey herein referred to be not promptly sod fully paid wi~h~n th~~~y ~3p) days nex~ ahcr the same severatfy betwnr due and payaWe, without demand a no~ice, or (c) en ti?e evenl eath ~nd every ~ht stipulat~ons, agreeme~ts, condi~ions arxl covenams ot sa:d promissory note and this mwtgspe ~ny pr eilher aie not iuiy, p.omptly and f~lty performed, dscharged, executed, elfectrd, comptNed, tompGed w7~h and ebided Sy, then in e~ther or any such eveM tt?~ u~d ag gregate sum mentioned io said promissory note then re.roaining unpa;d, wirh interest accr~ed and all moneys secured hereby, thsll become due s~d pay- eble fwrhwitfi, w?hereafter, at the option oi said MORTGAGEE, as fully and completely as i1 all of the said sums of money were orig~nally sfipulsted ro be pa~d on such day, anything in sa:d prom~sswy note or in ihis Mortgage ~o the conrra.y natw~thsrand~ng; and the~eupon or thereaher at the opT~on of said MORTGAGEE, without notice or demand, suit at law a in equ~ty, therefore w thereaitr~ begun, may be {xosecuted u if sll moneys sacured hereby nad mawred pr~w to ~ts institutia+. 7• That in the e~re~t tAat at the beginning of or at any time pend~ng any suit upon this Mortgaqe, or to fo~eclose it, w to reform i~, w fo enforce FaymeM of any claims hereurtder, said MORTGAGEE shall apply to the•Court havi~~~ jurisdktion thereof tw the appoi~~menl oI a Receiver, such Court sball fo.thwith appoint a receive~ oi said mortgaged property a!1 and singular, includ,ng-a t and a~ngu~ar the income, prof~ts, i~sues and revenues (rom whatever sc~.ce de~ived. each and every of wh:ch, ir be~ng expressly undrrseood. is he.eby mortgaged ss lf speuficatly set forrh and described in the g~anting and hatxndum cfauses hereof, and such Recei~er shall ha~e atl the broad a~d effect~ve funct~ons and powers in anywise enirusted by a Gou~l to s Receiver, and s:ch appointment shall be made by such Court as an ad~nitted equify and a rt+atter of absofute right fo said MORTGAGEE, and without reierence to the adrquacy o~ inadequacy of the value of the properq mwtgaged or to the sotrency or insolvency of sa9d MORTGAGOR or the defendants, a~d fhat tuch ~e~~s, profits, incane, issues and revenues shall be appGed by s~,ch Rece~ver accordmg to the lien w equity of said MORTGAGEE and t1x practice of such Court. 8. To duty, promp~ty and fully pertoim, d;scharge, execute, effect, complete, cort,ply with arsd abide by each and every the stipulations, agreemenq, condit'pns and covenants in :a~d promisswy note and this mortgage set forth. 9. That in the event the ownership of the mo~tgaged prem~ses, or any part thereof, becomes vested in a perso~ othe~ 1Mn ihe MORTGAGOR, the ti'•ORiGAGfE, its successws and assigns, may, wirhout norice fo the MORiGAOR, deal with such suctcssor or successw in interest with refere~ce to this mo.~gage and the deb~ hereby secured in the same manner as with Mongagw w~thow in any way vitfating or d~uha~g~ng the Mwtgagors' liability herr under o~ upon the drbt hereby secured. No sate of the prem~ses hereby mo~tgaged and oo fwbearance on the part oF the MQRTGAGfE or i4 sutceuois or assigns and no extension of the time fw the payment of the deb~ hereby secu~ed given by the MpRTGAGEE or its successors or auigns, shall operate ro reiease, d~scharge, modify change or affect the original liah~lity of the MORTGAGOR herein, eithlr in whole or in part. 10_ It is spec~ficatly agreed that time ia of the essence of th?s contrad and that no waiver of any obligat~on hereunder w of the obtigetion se- cwed hereby shaU at ~ny time tFkreatter be he!d to be a waiver of the terms hereof w ot the instrumeM setured herby. 11. In add~tio~ to the 4wego n~ monthly paymants of princ pal and interest required by tFk promiswry nore secured hereby, mortgagor covenants and agrees to pay to mo-tgagee ~nnh each monthiy payn:e~t a~ add~~ional sum est~mated by mortgagee to be equal to 1;' 12 of the annual cost of the fo(low- ~n^y: A-All ~ea! prope.ty ia~rs lev~e~ or assessed agai•sst thc above describcd real estate. B-Przmi~~:~s on f~re and windstorm insurarce as here~n req~;red to be carried on the improveme~ts sit~ate on the above desaibed premises. C-P~emiums on suck mwigage guaranty insurar,ce as mo.tgagee shall from r.me to time deem fit to carry on the ban secured F~ereby. Mortgagee sna!f f.cm t~me to t~me nc!ify mortgagor in writ~ng of the amount due and payabte hereunder and suth sum shall the•eupon be dve and c3yable on the due oate of the r.eat momh:y paym.~nt and each successive month thereafter ur,til mortgagee shall not~fy mortgagor of a change in svch a~~eunt. Such wms sh.a:l be appGed by matgagee toward the payment of real property taxes, insurante prem:ums, and mwtgage guaranty insurance n•emiumt. IN \YITNESS WHEREOF, the satd MORTGAGOR has he?euntp xt his hand and seaf the day and year fint aforesaid. Sig~ed, Sea! ad d ivered in the p~esence of: F,~EC dHe ~ECOa~eo . - sr.wctc_~:,~uNTY ~~'~.+~?.,ae~ .ck~o - aGCE„ ~~~Tp~S Na an ie 2 Dav i s ' p~Cpap VfR~IFtEO ~OURT ~ ~ an ssie Davis ~ S ~ E OF FLORIDA $~jP ~ 5 " j,~ ~ ~utirr oF St . Lucie Op ~ 2156 s~tw~ ~+e a.so.,~:Iy appeared yathaniel Davis Je s s ie Dav i s hn w~ie, ro me weu k~ww~ a~d known to me to b. rhe individwls described in and who eaecuted the fweyang instrument, and acknovvledged before me that they executed the same fo~ the purposes rhere~n expressed. And rhe sa~d Jes s ie Dav i s ~,+e of the sa;e Nathaniel Davis ~pa, . s~.~..~d p.ivat~ e.am;nat~on by me taEen upa~ate and apart from her said husband, atknowledged to arvd befwe me that she exetuted said ' +a+~;y ar~d w,thout •ny comp~tsion, constraint, spprei~en~~pn, o~ fear of or from her seid Iwsbsnd. ~~V~~~f'~ .a~~....... ~ ` , h WtTNf55 my hand and officia! sea! this__ 1^~ day of $E' t mbe ~.~;~'/~l ~.y..~~ . . ` : ~ ~ tary Pubtic in and for the Stab ~bFila ~f' L~r~ : _ My Comm~ssio~ ~xprex ^ r• : ~ Rerurn To: k,. ; ~ ~ r F;nt Fedcral Sav~ngs b loan Assoc~at~on IVOTARIf pUBUC STATE OF FLORIDA A~ Q; 4s:'`v0~;' M.Y t.''•AftSSlv!~ ~XPIRES MAR. 2,~'~~~"'•" 4~~4 Oi Fun P er~e Gff~t~?pl in~il:t,ti i':~ UN!~ERWRITEHS, 1All.`•~rG~'~ ~E Fort P~?.ca Ftorida ' ~Nl ~ 3- This Instrument Prepared By John Col 1 ins First Federal Sav;ngs ~ loan Association of Fort Pierce , F lot i de Checked By ~ - ~~UF ~ V~ P~,f ~V~~ i . ~~tt`~ - - , ~ _ . - .