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Home My WebLink About2066 ~ i i 3. To place and coMinuously keep on the bui'd+ngf no~nr or hereaiter ~iluate on aaid land and on all equipment and personally tovered by this mo< < age, with all premiums thercon paid in full, lire i~~surance in the ut~al s~a~xla~d potity lorm, in a sum approved by the MORIGAGEE, and wind~to insurance in the uiwl s~~ndard poYcy Iam, in a sum app~oved by Ihe MORiGAGEE, in such tanpany or canpanies as the MORTGAGEE m ~ d~rect; a~+d al~ (irs and w~nJstorm insurance po~~c~es on a~y of sa~d build~~gs, any interes~ therein o~ part ~hereof, in Ihe aggregate tum ~fwt~aid in excetl Ihereof, thall conlain ~he usuai staitda~d mortgagae cfaune or such o~he~ c~auie a~ Ihe Mo~tgagea may requ~rs, makinp ths loss unde~ ~a~d po ~ cie~, each and every, payab!e to said MORTGAGEE a~ ils imerast may appea~, and each and every svch policy shall be prompHy a~s gncd and delive~ed ~ any held by sa~d MORIGAGEE as (ur~her srcurity to sud ~noripage debt, and, not leu than ten (10) deys i~ advance o( the expirat~on of each polity, to d~ l~ver ~o said MORiGAGEE a renewal thereof, together wnh a receipt for the premium o( suth renewal; and the~e ihall be no iire or windstorm infuranc i pleced on ~ny ol said build±ngs, a~~y intc~est there+n w pe~t ~hercof, unless in ~he form and wifh the toss payable as aloresaid; and in the evenl any iun } of mpney brtomes payable under such poGcy a po~~cios said MORTGAGEE shall have IF~ ophon ?o rece~ve and appty the same on accouM o( the indabted ness secured hereby w to permit snid MORTGAGOR$ to rcceive artd use it d any pa~1 the=eoi for otn~~r pwposes. ~virho~t th~reo/ wai~ing o~ unpah• ing any equity, lien o~ right under w by virtue of lhis mo:tgagc; and in the svent sa~d MORTGAGORS shall fw a~y ~eason fail fo keep ~he said p~emitei so ins~red, or fail fo daliver pranplly any of said poGcies of Inwrance to said MORTGAGEE, or fail pron:ptly to pay (utly any premium therefw a in a~y respect fail b per(orm, d~scharge, e:ecuta, eliec~, con~piete, comply wiTh and ab~de by this cove~ant, or any pa~t h~reof, said h10RTGAGEE may ptace and pay 1a iuch insurante or any pa~t thereof without waiving w a[fecting any option, lien, equity, ot right under or by virtue of this Mortgaga, and the tull a~noont of each and every such pay~mnt shall be ~mmedialely due and payable and shali bear interest from the date thereof un~il paid at the rote o1 . n~ne pe~ centum per ann~m anJ to~riher with such interest shal~ be secured by Ihe lien of Ihi~ mortgaga 1. To permil, commit or su(ter m waste, impairment or dctcrioratio~ oi said property o? any part thereof. 5. To pay all and :ingular the costs, charges and expenses, including a reasonable ettorney i fce and costs of abstracts of title, incurred w paid at any Iime by said MORTGAG'E, because or in ~he event of the failure on Ihe pan of the said MORiGAGOR to duly, promptly and fully perfam, d~schar9e. execute, effecl, complete, comply w:th a~d ab:de by each and every the stipulat~ons, agreements, condi~ions, and covenants oi sa~d promissory note and this mortgage any w either, and said costs, charges a~x! expenxs, each and every, shall Ix immediately due and payable; whether w not there be notice ds mand, attempt to collect or suit pertdi~g; ar+d the lul~ amount oi each and every such payment shall bea~ interest irom the date thereof until paid a1 the r.~Te o~ nine per centum per aniwrn; and all said cosis, ehar~es and expenses incuned or pa~d, together w~th such interesl, slwll be ~ecured by Ihe lien ol thi~ mottg~e. 6. That (a) in the event of any breach of this Mortgape or default on the part of the MORTGAGOR, or (b) in the event eny of snid sums of money herein refe~red ~o be not pranptly and fully paid witlun fhuty (3J) days ~e,~~ after the same severally become d~e and payabte, wi~hout demand or notice, or (c} in the event each and every the stiputatio~s, ayreeir.ents, conditions and covenanrs of sa,d promissory note and th~s mortgage any w either are not ~uly, promptly and fully performed, d~scharged, e~eecured, effecrrd, completed, compl~ed w~th and ab~ded Sy, tF?e~ in e~ther o~ any such event ths sa~d ag ~rega?e sum rtxmioned in said promissory note then remaining ~npaid, with in~rrest accrued, and all moneys aecured hereby, shall becoma due and p+y~ ~ eb',e forthwith, w thereafter, at the opt~on of said ;NOR7GAGEE, as tully and comptercly as ii atl of ~he said sums of money were wginally itipulated to be pa~d on such day, anything in sa:d promissory note or in th~s Mortgage to the connary notwithstanding; and thcreupon or thereaite~ at the option of sa~d MORTGAGEE, wi~hou! not~ce or demand, su~t at law or in eq~~ty, thereFwe w thrreafter begun, may be proucuted as if all moneys iecured hereby n_d matured pnw lo ~ts inat~tunon. 7. That i~ Ihe event that a~ the beginning of w at any time pe~ding any suit upon this Mortgage, w to foretlose it, or to retorm it, or to enforte caymeM of a~y claims he~eunder, aaid MORTGAGEE shali apply to the Court having ~urisd~ction the~cof fw the appo~ntmenl of a Receive~, iuch Court ahall ferihwith appoint a receiver of said mortgaged prope~ty all and singular, inctud:ng a!1 and singular the income, p~ol~ts, issues and revenues fram whatever s:urce derived, each and every of wh:ch, i~ being expressiy unders~oed, is hereby mort~aged as if spec;frcally set forth and dewibtd in tF?e y~aming and z hai;endum ctauses hereof, and s~ch Receiver shall have all the broad and effecnve funct~ons and powers in anyw;se eMrusted by a Court to s Receiver, and s. ch appointment shall be made by such Court as an adnutted equity and a maner of abso~ute rigM to said MORTGAGEE, and without referente to the eciequaty or inadequacy of the value of the proper?y mortgaged or to the so~vency or ~nsolvency o~ said MORTGAGOR or the defendants, and thaf ~vth re~rs, profits, incarn, issues and revenues shall be apphed by such Receiver accoid~~~g to the tien or equity of said MORTGAGEE a~d Ihe practite of iuch Court. 8. To duly, promptly and fully perform, d~scha~ge, ezecute, eifect, corr~lete, comply with and abide by each and every the atipulations, sgreeme~ts, ccnditions a~d cove~aros m sa~d prom~ssory ~ore and :n~s murrgage set forth. 9. That in the event the ownership of the mortgaged pren,~ses, or any pa~t thereof, bccomes vested in a persoh other fhan the MORTGAGOR, tht :',QRTGAGEE, its successors and ass~gm, may, wetho~t ro~~ce to the N10RTGAOR, deal w~th such successor or successw io interest with referente to this n•o~rgage and the debt hereby secur¢d in the same manner as wish b~ongagor without in any way vitiating w discharging the Mortgagors' liability herr ;,nder w upon the deb~ hereby secured. No saie of fl~e Frem~ses hereby mortgagEd ar.d no for~earance on the part of the MORTGAGEE or its successon er ass~gns and no exre~sion of the time ior the payment of the debt he~eby secured given by the MORTGAGEE or its successors w assigns, stiall operate ro re~ease, d~scharge, modiFy change w affect the orig~nal liab~l~ty of the MORTGAGOR he?ein, either in whole or in part. 10. It is spec~ficaliy agreed that time ia of ?he essence of :his confract and that ~o waiver of any obligation hereunder o~ of the obligation se- j cured hereby ~hali at any time thereafter be he:d to be a wa~ver of the terms hereot w of the instrumeM secured herby. f 11. In add.tio~ to the foreoo ng ~nonth!y payments of princ pal and inte~est req~~red by the promissory no!e secured hereby, mortgagor eovenants a~:d agrees to pay to mo'tgagee v.ith each month!y payr:.ent an add~rioz~al sum est:n:a~ed by mortgagee to be equal to 1~ 12 of the annual tost of the follow- A-All reaI property taxes lev~ed o~ assessed agai•~st the above desc~~b?d real estate. B-pren:l~ms on fire and w;r.dsto~m ~ns~racce as here~n req~eed to be carried en the improveme~ts situate on ibe above destribed premisea. C-Premi~ms on svch moregage guaranty i~surance as mo*sgagee shail fro:n t~me to time deem fit to carry on the loan secured hereby. ; . . f Mo~tgagee she~i from time to t~~ne notify mortgagor ~n w~~r~ng of the an,o:,nt due and payable Ix~eunder and suth sum shall thereupon be dve and t I :.jvabte on the due dare of the nex~ moMh:y payment and each successive mo~th there~ft~r ur,til matgagee shall not~fy mortgagor of a thange in such ~ ~ e~ni. Such wms shail be appi~ed by mortgegue towar~ the payment of reaf property taxes, insurance prem.ums, a~id mortgage guaranty insurance ~ ~rniums- . ~ tN WITNESS WF~EREOF, the said MORTGAGOR has here~nto set his hand and seal t e day and year first afaesaid. Si9ned, Sealed and 'vered ' the presence ot: F'Lf~ a~^ F~~~~QE~ ) ~ 5?.LU~tE,~OUNtY flA• LC~ (~al) ROCE~ F.+lfi?S ~U 'Z~iora~ . 1'1g (Se.q - ~ ClE?K C:~.~U11 COURt ~ = RECOR~J VEA.~F?E~ (Sea4 an~ . rig rs~.D 17 3 ~2 PM'Z I ~;ATE OF FLORIDA ~ St . Luc ie ~ ~ CJUNTY OF - 1 Before me personaUy appeared ~=~n L. Wright Son a V. tdright ~ ~ ~ his wife, to me well known and known rhe individuais described in and who executed the forego~ng instrumenl, and acknowledged before me that they executed the sNM:;f~~ tF~ ~+t~WMs irerein exprpsed. And the said $OT!)d V• Wri4ht ^7 . ~ or sa~d - - Gordofl L. Wriqht , ~~w;fs~?.,e.rd ~iwr c.~m~net;on by me taken xparate and apart from her said husband, acknowledged to and before me that she exetuted said ir~sy~e~fl~dy'a~d~t?~OiY+ ~ ra•~iy and w~tho~t •ny compu:aion, constraint, apprehens~qn~ or fear of or from her said husband. : 7~ ~ r: •'~2 T • WITNESS my hand and oificiai seal this_ day of temb`~r . r~ ~~Y;~ , ~ _ ; ~ e .1..;,~: f y~ ' ~ ~ ~ N tary Public in e ~or St~o~ ~'~0 ~ M Comm~uion ex ires: 4~ . p ~ ~ Ret~m To: NOTARY PUBUr S''1TF r`~ FtORlnA AT l~kR^E~T.•~TE T ~'i.`t 't~.. . . s... ~ Fint Federal Savings 3 loan Assoc7at:on M.1 . " I~/F.N Of Fort P.e.ce. GEN_RAL Ih;,J~=ti~~.:.i vi::,;~.i.. =i,i, ItYC. ! Fprt Pirrca Fic~~da RO~D , ~ ~ TY FIA. / st B8G 1 AS c ! ~ t . ~.1 This Irestrument Prepared ByRiChard K. ~ First Federal Savings 8 loan Association ~ ~ of Fort Pierce, Floricla ~ Checked BY 1~- i . BOOK1~ P~t~~IM~ ` ~ _ „ . - - - f s~ : ~ '--'~.F u , ~ - ~