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Home My WebLink About2627 1 • ' ~ ~ t ~ ~ J 3. io p!sce a~d conr~nuovs~y keep on the bv~:d~~gs ncw or he~eaffei ?~euate on sa~d land and w+ •~I eQu~pment and pe~fo~aliy covered by th;s mo~ +gs, w~~h ell prcm~ums th~reon pa:d in fu'.I, 4~re inswance m the usuai sranderd po~~cy form, in • svm app~uvtd by the MOR:GAGEE, and winds~o ~nwrs~ce in the us~al s•andard po:,cy fwm, in a s~m approvcd by the MOR7GAGEE, in fuch ton+pa~y or com,vn~es as ~h~ AtiORTGAGEE d~:eu; and all fhe and w~nds~orm insurance po~rc~ea on any oi sa~d l~;~~dmgs, any iMe~e~t the+ei~ or pa~t thereof, in the agg~cgare s~m afo~esaid in esce~f Ihereof, ahall :ontain the usual s~andard mortqagee ususe a such ofhe~ t~suse ai tM Mwt9~gee mey requ.r~, mal.in~ the ~osi under aa:d po c~es, each and every, payab!e ro sa~d MORTGAGEE as ~ts ~nferrit may appear, ~nd ee.h and e•:e~Y such poi~cy shalt be promp~lY ass gned a~~d da~~e~ed ~ •ny hc~d by sa~d MORiGAGEE aa furthe~ szcurity to sa~d mo+tgege deb~, and, not k~a than ten l10) days in advance o1 the eapira~~on of cach pohcy, to d. ~:ve? to uid MORTGAGEf ~ renewal thereof, toge+her w•ith a rece~pt for the pramium of such ~e~ewel; and thero shall te no f~re or w~nds~o~m insvranc placed on any of sa~d bu~~d~ngs, any imrreu there~n w pa~t thereof, unless in the form and wi~h the loss payable as afo~essid; and in the event any sun of rrwnay beca~nes payable undH such policy or poLues said MORTGAGEE ~hall have the ophon to receive and apply ths sa~u on sccoum of the indebt~d ness sec~red htreby w to pcrmit fa~d MORTGAGORS ~o reteive and use it p eny part the:eof lo~ .othcr porp~ses, .a;ihout ~hr, u~ wa~v~ o~ ~~~~P~~~ ~.:g anr ryu~ry, i~rr~ ur r~ynt ~~.x: : a~ ~-;::.a c! :~:s :::~::g.:g-: a't! tn !!'R ~1r~t si s! 4~4?G1?GORC sha~l fer a~y rsason fa~l to keep the sa~d Premisrs ~o ~nsured, w fail to de".~ver promptly ~ny of sa~d po6cdea of inwrance to sa~d MORTGAGEE, w fa~! promptly to pay futly any pr~mium theretw a in a~y re~pect fail ro perform, d~schsrqe, eaecute, efiect, comp~ete, cornply wi~h and ab~de by jh;s cove~ant, w any per~ hereof, sa~d MORTGAGEE ~~ay piace a~~o pey (w such insurance or a~y pa~t thereof w~fhout waiving a affecting any option, lien, eq~rty, or ri~ht under or by virtue of thh Mortgaqe, and the full amount of each and every such paymem sMll be immediately due snd paYable and shafl bt~r i~terest from the date thereof until pa~d at ~he rate o~ ~,ne per cent~m per ar.num and ro~ether w~th such inte~esr sha~i be secured by the Gen of th~s mo+tgage. l. To permi~, commit o~ suf(er no waste, impairment w dete~ioration of srid property w any part thereof, S. To pay alI and singular the costa, cMrges and expenses, ~nclud~n9 a reasenable sttorney's fee and cos+s of abstracti of tiNe, incuned or pe~d at any time by said MORTGAGfE, beca~se a in the evero of ~he fa~lu~e on ~he part of the sa~d MORTGAGOR to duly, proTptly and fu11y perform, d~scha.ge. a.ecute, effed, complctt, comply w~th and ab:de by each and every the st~pular~ons, agrec~~ents, conditions, and covenants of sa~d p~om~ssory no~e a~.d ih~i .nort9age any a e~~he+, and sa:d costs, charges and eapenxs, each and every, shail b~ immed~ately due and payable; whefher a ~ot there be not~ce dr mand, stremp~ to coUed or suit pend:ng; ar+d rhe fu11 amount of each and every such paymem shall bear inrerest from ~he date thereo! unf~l pa~d a~ the ~a~e of n~rx per Cenlum per annu~+; anc.' ali sa~d costs, chaiges and rxpenses ~rxurred or paid, together wah such intereat, shall be secured by ?he lien of thii mwtQsge- 6. Th~t (s) in the event of any breach of this Mortgage or default on the part of the MORiGAGOR, w ib) in the event •r.y of ia~d sums of money he~ein referrcd to be not promptly and futly paid with~n thirly (301 deys next arte~ the same seYera;ty become due and payab~e, without demend or notice, or (d in the evem each and every the stipuiahons, agreements, condrtions and coyenams of sa d promiswry ~ote and ~h.s mortgage any or eitAe? are not 9uly, promptly a~d fu~ly perfamed, d~scharged, executed, effected, completed, compfied w~th and abrded Sy, then in either a any such event the sa~d ag 3regate sum ment~oned in sa~d prom~sawy rrorc then remaining unpaid, with imerest accwed, and ail moneys secured hereby, shall become dve and pay ea,e forthwith, o? ihereafier, at the opt~on of sa~d MOR7GAGEE, as fvily and comp~e~ely as if all of the sa~d sums of money were w~gmally sl~puiated To be pa~d a+ sucA Cay, anytn~ng m sa,d proT~sso~y nou or in inis ir~wiyeye i3 ti~e iw~rery .-,~~.w:~`~~o:~::~; r. .w.e~t._y tl.. n~,e~nn nf r~• s±~d MORTGAGEE, withcut not~ce or demand, suit at iaw or in equ~ty, therefore or thereaiier begun, may be prosecuted aa if all moneys secwed hereby r.ad matured p~~w to ~ts insutution. 7. Ths~ in the event fhat fhe beginnirg of w at sny time pending any su~t upon th~s Nbrtgege, or to fweclose i1, or fo rcfwm it, or fo e~fo~ce ~avment of any ciaims he~e~nder, said MORTGAGEE shall apply to the Co~.t having ~urisd~ct:o~ thereof for ~he appo+ntm~nt of a Receiver, wch Cou*t shail fcrrhwith appoint a rcce~~er of sa~d mortgaged property all and singul~r, ind~d,ng aL' and s~ng~iar the income, prohts, issues and reven~es lrom whatever sc~rce derived, each and every of wh~ch, it being expressly unders+ood, is hereby mor~gagrd as if ipec;ficalty set forth and described in the granf~ng and h3bendum uavses hereof, and such Rece~ver sha11 have all the b+oad and effecrwe funcf,ons and powefs in a~yw~se entrustrd by a Court to a Qeceive~, and s_ch appointment shali be made by such Cou~~ as an ad:nitted equ~ty and a matrer of absoiufe righ~ to sa~d MORTGAGEE, and without reterence to the edequacy o* inadequecy of the vat~e o4 the prope~ty mo.tgaged or to tFx so,ve~cy or ~nso'vency of said MORiGAGOR o~ the defendanta, and ~hat such ~e~~s, profrta, incane, issucs and revenves shall be app~~ed by such Receiver accord~ng to the tien w equity of said MORTGAGEE and the practice of such ~~:;rt. 8. To duty, promptly and iuliy perform, d~stharge, eaecute, effecj~ complete, cempty w~th and abide by each and ~very the stipu~ations, agreements, :onditions and covenants m w~d promissory note and this mortgage set ~Mh. 9. Thst in the event thc ownersh~p of tF.e mortgaged premises, or any part thereof, 5ecomes vested in a person other than the MORTGAGOR, the A~.ORTGAGEE, its avccessws and ass~gns, may, wishou? not~ce to the 610RTGAOR, deat w~th svch successw w successo~ in interest wirh reference to this rro*~gage and the deb~ hereby secured in the same manner as w~th fAortgagor wlthout in any way vit~ating a d~sctiarg~ng the Morrgagors' liabi{ny hero- ~nder or upon the debt hereby sec~red. No sate oF th~ Fremises hereby mo.tgaged and no forbearonce on the part of the MOQiGAGEE or its s~ccessors or assigns and no earension of the t~me for the payment of the debt hereby secured given by ~he MORTGAGEE or its successws w au~gns, a~~all operate ~o rc!ease, d~scharge, modify cha~ge or aftect the ong~nal I~ao~i~ty ot the M.UKflaAlault heresn, eiiner in winiie ur in paei. ~ 10. It is speuficatly ag~eed that time is of the essence of th~s cont~act and that no waiver of any ob!igat~on hereunder or of the ob~gateon sr t cured hereby ahaH at any tir.x ~hereaftrr be hetd to be a wa~ver of !he te~ms hereof w of the instrument secured herby. ~ [ a l. in add~tion to the forege ng momh~y paymenrs of princ pal and interest requ~red by the prom:ssory no!e secvred hereby, mortga~or covenartis ~ e~d agrces to pay to mo-tgagee vv~th each monthfy payr,tent an add~r~onal sum esr:n,a~ed by mortgagee to be equal to 1/12 of the anr.ual cosr ot the foliow- f r,~: ~ A-Ali real property taaces le~ned w assessed agal•ist the above desvibed real esta~e. ~ B-PrLmiums on fne and w~ndstorm insuran~e as nerein requ,red to be carried on the improveme~t~ rtuate on the above d~scr~bed premises. ~ C-Prerniums on such mortgage guaranty ir.svrance as mortgagee sfiait fro:r t~me to time deem fit to carry on the loan sewred hereby. ~ Mortgagee sha~~ frcm mne to t~me-nor~fy mortgago+ en wrif~ng of the arrount dve and payable hereundar a~d svch sum sha11 thereupon be due and ;f ; ayable on the d~e da+e of ihe next month:y payment a~d each wccess~ve month tnereafter ur.til mortgagee shall not~fy rrsorrgagor of a change in suth ? _~•~o~nt. $~ch sums sl~a!I be app~ied by mortgagee toward the paymtnt of rea! property taxes, insura~ce prem~ums, and mortgage guaranfy insurance 3 F.~emiums. ~ IN WITNESS 'NHEREOF, the said MORTGAGOR has hereumo set his hand and seal the day and year fint aforesaid. 'gned, Sealed and d've e in the p~esence of: ~ Gcfu~ ,p ~ :~a~ren c . ou t~a~) ~ - ~ ~ y - (Sea~) i. nc~a .y. You ~ - ~ r Si E OF FLORIOA ~ ~ COUNTY OF ~ L. :.UC 1~ ~ ~ s~f«~ ~ penonally appeared !'3iYZ~Ll F. Young ,~d = Linda i{. Youny . his wife, to me well known and known to ma to be the individuals desvibed in and who executed the fwegoiny instrument, and acknowledgcd beiore me that they ezecuted tF1e s~rn! for /M purposes t~ therein expressed. And the wid Lin~~ ci. Youne N~~e of tt+e w~d o~ r r ~ n F Yo:] n y upon .~se~»..fs'~nd p.7wt• " e.am+nat;on by me taken teparate and apart from her said husband, acknowfedged to and before me that sfie executeds~d+~nstrun+eM freely_rnd voiuo- :a,~{y and w~thout any compuls'an, constroint, apprehens. n, or fesr of or from her s~id husband. WiTNESS my Fund and offic~al seal thia_ day of aflUdt ~,.p,' ~Q 72 ' . - Nmary Public in and fw ^$NN f~+' My Comm~ssion expires: ' ~f if,'• •~j~J Rerur~ To: NUfARY Pud~~~TAIE 0i FLORIDA st LARGE First federal Savings 3 Loan Associat~on Of Fo~t P erce. MY CObIMISSIOH EXPIRES SEPT. 25, 1975 _ Fo.~ P~erce. Fb~ida FfLED AHQ ~ECORDEd BO~b BY ~erian Banken Inwrana t:o. ST LUCtE ..OUNtY FU. - _ aOCER P~~TR~S - CLEEK C!~:CUIt COURT~< - - RECQan yra~~lfa.r.~..~~ This Instrument Prepared By ~chn Collins ~ = First Federal Savings 8 loan Association ~ I QQ eH of Fort Pierce , F ~or i da ~ ~ ~~p 222292 Checke~ By 1~- _ 8ti01I ~;:'s ~