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Home My WebLink About2741 J. To p~ace and continuoualy kcep on !he bvi:d~~gs now o~ heraafeer •iiuats on sa~d land and on ali equipmenl ~nd personally covered by fhis ma ege, wit6 all prcmiums the~con pa=d Sn fvll, fire inwrance in the us~~! sta~~erd po,~cy form, in a sum appro+ed by the MORiGAGEE, and w~ndsto insurance in the usual s~andard po~~cy fwm, in a s~m approvrd by ~he MORTGAGEE, in such cornpany or ca*+paniei aa ~he MORiGAGEE m dnec?; and all fire and w+ndstoim insurance pof~c~es on any ol sa~d buiid~~+ys, any intereu therein or part the~eof, i~ the aggregate ~um ator~sa~d in exceu thereol, shall co~tain fhe usual s~andard morrqagee clsuse w such othe~ clsuu +s ~hs Mortgagee msy requ+re, makinp the lo~s u~de~ sa~cl po cies, each and every, payabte to said MORTGAGfE as its ~ntcrrst msy apprar, and each and fwC~)I ~uch poucy sha~l be promp~ty au g~ed and ds~~~'ered ~ •ny heW by sa7d l~tiORIGAGEE as fur~her securiry to said mo~igaye debt, and, no~ Icu ~han ten (10) deyi in sdva~xe of ~he eapirot~on of each po6cy, ro d. 1~ver 10 ~a~d MORiGAGEE a renewal thercof, ~ogethe~ with a rece~pl for the prr~n~um oi such renewal; aod ~here shall be ro I~re or winds~orm insuranc plxed on ~ny oi sa~d bu~id~ngs, any in~ereit there~n w parf the.eof, unless in ~he fa~m and w~fh ths ~oss payable as aio~esa~d; and in ~he event ~ny ivn of money becomes payable under wch poiicy or poGues sa;d MORTGAGfE shail have the up~~on to rece~ve and apply the ssme on account of the indebted ~ess secured Mreby a ro permit sa~d MORTGACaORS to rece~ve and use it a any part thereof far omer purpasrS. witho~! !hz~cu~ .vai~ing cr ~n,pae ing any eqvity, lien w right u~der a by virtue of Ihis mo::gage; and in the even~ w~d MORTGAGORS shall (a any ~eason fail to keep the said p~emisrs w ~nsured, or (ail lo deliver prompNy any of sa~d poLcies of ir.surance fo sa~d MORTGAGEE, o~ fail prom{~tly Io pay fully any prem~~m therefw w in a~y respect fail ~o perform, d~scharge, execute, effecf, compieta comply wuh and ab~de by thls cave~wnt. or ~ny pa~t hareo(, said MORTGAGEE mav p~xe a~d pay fw such insura~ce w any parl thereof withoul waiving or afFecting any option, Iien, equ~ty, or nght unde? a by virtue of this Mwtgage, and tht full ~mw,nt of each and every such paymem shall be immediate~y d~e and payabte and ahall bear interes~ from tha date thereof uNil paid at th~ rate o~ n~ne per ceotum per annum and to~rther with s~ch imrrest shai~ i~ secured by the lien of this mwtyage. 1. To permit, tommit or au(fer no was?e, impairmenl or deter~oration of caid property w any part thereof. 5. To pay ell and singular Ihe costs, charge~ and exµnnses, ~nclud~~~g a reasonable attorney's fee and costs of abstracts of title, incu~red or paid at any time by said MORiGAGfE, because o~ in the evenf of the fa:lure on the part of the said MORTGAGOR lo duly, promptly ~nd futly perfam, dixhargt. zxxute, effect, complete, comp~y wuh and ab:de by each and every ihe stipulat~ons, agreements, condmona, and covenants of ta~d promiswry note and this .~~ortgage any or e~~her, and sa~d costs, charge~ and expenses, each and every, sha~l be immed~ately due and payabte; whe~he~ w not there be notice do- mand, attempt to collect or suit pe~d~~g; and the full a~no~m of each and every such paymeM shaU bea. interes~ from the date thereof until psid ~t the r,~te oi n~ne per cantum per annum; and ail said coats, cha:ges and ezpenses ~:~curred a paid, ~oge~het w~th such interest, shall be setured by the I~ of this mortgsgs. 6. That (a) in the event of any breach of this Mwtgage or defau~t on tt~ pa~t of the MORTGAGOR, or ;b) in the eveM ~ny of sa:d sums of mo~ey ~ hereen reierred to be ncl Rromptly and fully paid wiihin ~h,rty i30> days ~ext afrer the same severally be:ome due and payable, without dcma~d w notice, cr (d in the eveN each and every the st~pu~arions, agreemems, co~dt~o~s and covenams of sa:d promissory note and th~s mo~tgage a~y d either are nol iuly, prompNy and fully perforv~ed, d scharged, executed, effected, canpleted, compGed with and ab~ded Sy, then in e~tFxt w any ~uch eveM tM said ag gregate sum rn~ntior.ed in wid promissay no:e then remaining unpa~d, with interest accrued, and atl moneys secured Fxreby, shall betome due and pay- ab.e Forthwith, o~ therea~ter, at Ihe op!~on of sa~d MOR1vAGEE. as fully a~d comp;etely as if a~l o( the said sums o( money were w~ginally sGpulated To be pa~d on such day, a~ything in sa:d prom~ssory note or in this l~torrgage ~o ~he co~~rary notwithstand:ng; a~d the?eupon w thereaftr a1 the oprion of sa:d MORTGAGEE, without notlce or demand, suit at taw or in equ~ty, there(orc or thereaffer begun, may be prosecuted as if all moneys secured hereby nad matured pnw to ds institution. 7_ That in the evenl that at the beginning of or at any time pend~ng any suit ~pon this Mortgage, or to foreclose it, or fo reform it, or to enforcs payrnent of any daims hereunder, said MORTG~.GEE shall appty to the Co~rt having junsd.a~vn thereof for the appointmeM of a Receive~, wch Court shall forthwith appoinl s receiver of said mortgaged property all and singular, includ ng ail and s~~~gutar the ir.come, prolits, issues and revenues from whatever so~rce derived, each snd every of wh~ch, it being expressly unders~ood, is F.ereby mortgaged as if spec~fically set fo~~h and dewibed in the graroing and t•abendum clauses Ixreof, and such Receiver shail have all the b~oad and efiecr~ve func~~ons a~d powers in anyw~se eMrustad by a Court to a Receiver, and s,.;h appointme~~t shall be made by such Co~rt as an admined equity and a ma~ter of absolu~e ~~ght to said MORTGAGEE, and withoul reference to the edequacy or inadequacy of the val~e of the prope~ty mor~geged or to the so:vency or ;nso~vency of said MORiGAGOR p the defeodants, and that such 1 renrs, profit3, incane, iuues and revenues shall be appiied by such Receiver accord~ng to the lien w eQuity oi said MORTGACEE and the practite of such ; tourt. . ~ ~ 8_ To duly, prompt;y and fully perform, d~scharge, execute, effect, cilmplete, compiy w~th and abide by esch and every fhe stip~latians, agreementi, ~ conditions and covenants ~n sa~d promissory note and this mortgage set forth. ~ 9. That in the evertt the ownership of the r.wrtgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~tpRTGAGEE, its successon and assigns, may, wirhout ~ot,ce ro the MORTGAOR, deal wnh such succeuor or successor in interest with ~eference to this n•ortgage and fhe deb~ hereby secured in the same manner as with ~.~ortgagor w~tho~t in any way vitiating w discharging the Mortgagors' li~bility FKre- u~oer or upon the debt hereby secured. No saie of the Fremises hereby mortgaged and no forbearance on ~he part of the MORTGAGEE or its successw~ or assigns and no eztension of the time fw the payment of rhe debt hereby secured qiven by the MORTGAGEE or its succe:sors or assigns, ahall operate to reiease, d~scharge, modify change o~ affect the orig~nal liao:l~ty of the N.Ol2iGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is oI the essence of th~s con~rac~ and that na waivrr of any obGgation hereunder w of the obliyetan se- c~red hereby shaG at any time thereaf~er be he!d to be a waiver of tbe terms hereof w of the instrumeM secured he~by~ ~ I1. In add:i]o~ to the fore o n, month! a mems of rinc al and +nferest re ui,ed b the rom~ssor no~e secured hereb , mort a or covenants 9,7 YFY P P 9 Y P Y y 99 and agrees to pay to mo:tgagee wirh each monrh'y payr: ent an add~!ional sum es':n:ated by mortgagee to be equal to 1;'12 of the annual cost of the follow- ~~tg: E A-All real property taxes levied or assessed agai•,sr thc above desc.ibcd real estate. f B-Premiums on fire and windstorm insu~ar~e as herein req~:red to kx carr~ed on the :mproveme~ts situaTe on the above destribed premises. ~ C-P~emi~ms on such mwtgage guaranty ir.surar.ce as mor~gagee shail from c:me to t:me deem fit to carry on the loan secured hereby. Mortgagee sha?I f~om t~me to tirr,~ notdy mortgagor ~n writ~ng of the am,ount due and payable hereundrr and such su:n shall thereupon be due and ; ayable on the due date of the next month!~ payment and each successive month thereafler until mortqagee shall notify mortgagor of a change in such ~•:ount. $uch sums sF.ail be applied by mortgag>_e roward the payment of reat p+operty taaes, insurante prem:ums, a~x1 m.xtgage guaranty insurance p~emiums_ ' IN YlITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year (i~st afwesaid. ~ Signed, led and delivered in the prexrxe of: 1`~`~/`v`7'- > ~~1/ a4 ' •n ~ 1~77~e e r ~n ~ STATE OF fLORIDA ~ St. Lucie ~ ~ ~ ~ ~OUNTY OF ~ Willias B. O'Neal Befwe me personally sppeared ~~d ~ Nazl~e O'Neal hK w~fe, to rrK well known and known to me to b~ ~ the individwls dewibed in end who executed the foregoing instrument, end acknowledged before me that they exetuted the same for the purposes ! ~ rherein expressed. And the said Narlene O•Neai S e Nife of the ~aid Mlillia~ O'Neal upon a sepsrate end privat~ " exam~nstlon by me taken separate and apart from her said husband, acknowledged to and before me that ahe executed said ir»trumeM freely ~nd volum ~ ~ ta+ily and without •ny compulsion, cunstraint, apprehenslon, fear of a f~om her said husband. { - WITNESS my hand and official xal this day of ~~Z A. 19 71 Notsry Pubtic in and fw t Stat of F1wi~a st ~af~ My Commiuiaf expirp• ~ ~ - RNurn To: I,~ S••~~• Fir~t federal Savings 3 loan Associat~on ~ f ~ ~ EO . . Y'. . : Of Fo,t P.Q~ce. F`1.E0 AliO REC~~ fU' • ~ .:9 . ; ' Fwt P:rrce. F:or;da St.luC1E COUj~s ` _ ; ~ •.r~ : ~u ! RpCEit PO ~ d ~ . . _ - CIRCU1T COURT : ~ - _ y ~ RECOER~ERIfIfO ~ ~ ~ ~ ~ ~ ~ 3 ~ , , R~ t . / t':i4~~i~. <_; This Instrument Prepared By Richard K. Ka?y~EC'~ pM 11 ° First Federal Savings 8 Loan Association ~O ~ y~S~'~~ r • - of Fort Pierce ~ RlOr3da _ 2~}3'78 _ Checked By~J = 8ooK197 ~~2737