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Home My WebLink About1588 . , 3. To place and continuously keep on ~he bu~:d~ngs now or hereafter i~tuate on sa:d land and on all equipment a~d periors~~y cover~d by ~his ma age, w~~h ~II prem~ums ~hercon pa•d ~n full, f~.e insuror.ce ~n ~he ~suat stendard po~~cy fo~m, io s ~um approved by ~he MORtGAGEE, and w~ndi~o :n~~rance in ~hs usuai standa~d pol.cy tam, in s sum ~ppro,ed by the MORTGAGEE, in svch company or comp+n~rs as ~he AtORTGAGEE ~n d~rect; •nd •II fire +nd w~nds~orm insu~a~+ce po~~cies on any of sa~d bu~ld:~gs, any ime~eat the~ein w part therco(, in the a9g~e9aro wm atoresa~d ~n e~ecesz ~hereof, i~all coroa~n ~he usua~ ~tandard .mor~gagee ciause or wch o~he~ cla~se +s ths Mor?flapes may requ~r~, ma~~~g dx losa under s.+~d po c~es, each •nd e~e~y, payable to s~id h10RTGAGEE as its intrrest may appe~r, and eath and e~ery tuch pol~cy shall be promptly assg~ed a~~d deuvared : sny held Eq uid MORTGAGEc ~s (u~the? security to said mortgage drbl, and, not lesf than ~cn (10) days in advance of the exp~ration of eath pol~ty. ~o d. I~ver to said MORiGAGEE s renewal therrof, together witn a rece~pt fw Ihe pre~nium oi •uch renewal; and ~here shall be no f~re or wi~~di~o~~n iniurant pleced on any of se~d b~,ild~ngs, any interest there~n or part ~hereaf, unleis in ~he (orm and wi~h the loss payable as aforesaid; and in the eve~t any s:rn of money pecpmes payable under such policy w poGcies ta~d MORTGAGEE shall hsve ~he op~~o++ to rece~ve and apply the same on accouN of ~he indrbTrd neu aecwed hsreby w to permit sa~d MORTGAGORS to rcceive and use it a any pa~l the:eol for otne. pwpases, .v~~ho~t ~h~.. ur ~Y~~~~ ~3 ""P~~' ~nq any equ~ty, I~en or r~ght under a by virtue of this mor~qage; and in ~he event w~d MORTGAGORS shall for any reason fa~l to keep the ia~d prem~srs so ~nsur~d, a fail to del~ve~ promptty any of said policies of insura~cs ro said MORTGAGEE, or fail promprly to pay tuily any pre~»~um ~he~efor w in anY reapect fait to perfwm, discha~ge, execute, eifect, complete, comply wi~h ~nd abide by this cove~ant, w any part hareof, said MORiGAGEE may piace a~tl pey fa such in~urence or ~ny part thereof w~thout waiv~ng or affectirg any opt~on, iien, equ~ty, or nght u~der or by virtve of th~s Moregage, a~d the F~it amovnt of each and e.ery such paymen~ shall be ~mmediately due and payable and shall beai imerest from ~he da~e ~hereof un~it p~~d ai the rate ol n~n~ per cent~m per annum and to~ether with suth interest shaii be secured by the lien of thi~ mwl9age. To permif, commit or sufier no waste, impairmenl w deterio~ation of ~aid properry o~ any part 1he~eof• S. lo pay all and singular the costs, charges snd exper.ses, including a reasonabte attwney's fee and costs of sbstrscts of title, incurred or pa+d at any fime by sa~d MORiGAGEE, lxcause a in fhe event of the tailu~e on tix oa?~ of tM sa~d MQR~GAGOR to duly, promptly and iully perform, d~schargs. ?xecute, ef(ea, compte~e, comFly w~th and ab:de by each end every the atipul~~~ons, ~greements, condit~oru, and covenanrs oi sa~d promissory note and ~h~~ .~~oregage any or either, and sa~d cosrs, charges and eapenses, each and eve~y, sMll be immed~ately due and payable; whether a ~ot there be no~~ce d~ r„and, attempt 1o coiled or suit pend~ng; and the lull amovnt oi each and e~ery such paymen~ ahall bea~ interes~ from the date the~eof untii patd at ~he ~.~*e o~ nine per centum per am~u:n; and all said costs, charges and expenses incurred w paid, together w~th avch inlerest, shall be secured by the lien of th~~ mongaye. 6. That (a) in the event of any breach o( this Mortyage w default on the part of the MORTGAGOR, w(b) i~ the evenf ~ny of sa:d sums of money herein ~eferred to be na~ prompily and fully paid wi~hin th~rty (30) days ne~et aftrr the same severatly become due and payable, without demand or notice, or (c) in t!u event each and every the stipulations, sgrceme~ts, cond~tions and covenants of sa~d promiswry note and fh~s mortgage any a either are nof iuly, p~omprly and fully pe.to:med, d~xharged, executed, elfected, completed, compl~cd with and abided Sy, then in e~ther w any such event Ihe sa~d ag gregare sum rrtintioned in said promissory note then remaining unpaid, with interest accrued, and a11 moneys xcured hereby, shall betome d~e and pay ao:e forthwith, a thereafter, at the option of said A10RTGAGEE, as fully +~d compte~rly as i( all of the said sums of money were or~g~na~ly st~pulated ro be pe~~d on such day, anythir,g in sa:d prom~ssory note or in this Nlwtgage to the conrrary notwlths~and~ng; and thereupon w ~he~eahe~ ar the op~~a+ of s~.d MORTGAGEE, w~~hout noT~ce o~ demand, s~it at law or in equ~ty, therefote or thereatter begun, may be {xosecvtcd as if sll moneys ucured herety n~d mawred pr~or to ~ts institution. 7. That in the evcnt that at tF+e beginning of w at a~y time pendirg any sult upon this Nb.tgsge, re fo.eclosa i1. w to reform it, w to e~force Q3ymtnt of any tlaims he~eunder, said MORTGAGEE shall apply to the Court having jurisdction thered for flb appo+Nmen1 of • Reteiver, such Cou~t shail Fcrrhwith appoint a receiver of said mortgaged property all and singular, inctudmg a11 and singular ~hs inconle, pro(its, iss~es and revenues from whatever scurce derived, each and every of wh~ch, ir be~ng expressly understood, is hereby mor~gaged as if spec+fically xt fwth and dewibed in the 9ranring a~d habrndum clauses hereof, and such Receiver shall have all the broad and eflective fur.ct,ons and powers in anywise entrusted by a Covrl to a Receiver, and s_ch sppointment shaH be made by such Court as an sdmitted equity and a matter o( absolute right to said MORTGAGEE, and without reference to the adequacy w inadequacy of the value of the property mortgaget! or to the sowency w insotvency of said MORiGAGOR or the oefe~dants, and that such re~TS, proiits, ~ncane, issues and rsvenues shafl be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such Court. ~ 8. To duly, prompfly and fully perfo.m, diuharge, execute, eFfect, complete, comply with snd abide by each and every the stipuiations, agreements, ` :onditions snd covenams sa~d promissory nore and th;s mwtgage set fwth. 9_ That in the event the ownersh~p of the mortgaged prem~ses. w any part thereof, becomes vested in a person other ~han the MORTGAGOR, the N.ORTGAGEE, its succeswrs and ass~gns, may, without norice to the MORTGAOR, deal w~th such successw or successor in ~nterest with reference to this mcregage and ~he debt hereby secured in the same manner as with Mortgagw w~thout in any way vitiating w d~xharging the l~tortgagori liability herr ;,nder w upon the debt hereby secured. No sale of the Fremiscs hereby mortgaged and no fo~bearante on the par~ oi the IaORTGAGEE or its s~ccessws or asiigns and no extension of the time fw the payment of the debt hereby secured given by the MURTGAGEE or its svccesson or assigns, ahall operate ro releau, d~xharge, modify change or affect the original liab~lity of the lNORTGAGOR herein, either in whole w in psrt. 10. It is speuf~catly agreed that iime is of the esunce of this contract and tha+ no waiver oi any obl~ga+~on hereundsr or of the obligation sr c~red hereby shatl at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addnio~ to the ~orego ng monthly paymems of princ pal sr+d imerest required by the promissory ~ote sewred hereby, mortgagar covenants a~d agrees to pay to mortgagee v:irh each momnly payr:.ont an add~rional sum estin:ated by mutgagee to be equal to 1/12 of the annual cost of the follow- :ny: A-AII rea~ property taxrs lev~ed or assessed agal~st ~hc above descriyed real estate. B-Prem~ums on fire and windsro~m ins~rarce as here~n req~:red to be carried on the improvements s~tuate on the above dascribed premises. ! ' C-Premiums on such mortgage guaranty ir.sura.~ce as moregagee shall from t me to time deem fit to carry on the loan set~red hereby. ~ i Mortgagee shafl 4rom f~me to time nof~fy mortgagor ~n writ~ng of the amount d~e and payabte hereunder and such surn shall thereupon be due and ~ ~ ;~iabte on the due date of the next month!y payment and each successive momh thereafier ur.til mortgager shall not~fy mortgagor of a change in such • a~• o~nt. Such s~ms shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranfy insurance : 3 n~emiums. 3 IN WITNESS WHFREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. s Signed, Sealed nd de~ivered in tht prescnce ofc 3 ~G`i, ~ ,~~.-e (c.~4 ¢ ~ ~hel Lee a single adult ~x,q ~ l5ea~) ~ s (Seaq ~ ~ STATE OF FlORIOA 1 ~ couNrY oF ~t. Iucie i ss. * a~ra~ m~ a..~~u„ appeared Raehel Lee, a sin~le adult ~camc ~ ~~p(~, to me well koown and known to me to be ~ rhe ind~viduaV described in and who executed the foregoing instrument, and acknowledged befwe me that ~ exewted the same fw the purposes ~ there+n expressed. ~+~+~+~~i ~f'JBf7[ti00Q~C ~ ~ ~ .x WITNE55 my hand and official seal this ~ day or_ Feb I~ , A. D. 19~ _ o~~~ Notary Public in and for t Stat of fbrid}!~1 l~ry~ ; _ My Commisaion expires: :/I~'~'~'~, } Return To: ~ ~ - - First Fedewl Savings 6 loan Associat~on _ - OI fort V:erce. ` ~ = Fort Pierce, Flurida i~l~(1 G~'.' aECORaeo . _ ST I I~V ~7UyTT F~A. ~ f? FC.i ~a~ ~RT ~ : , . ~ This Instrument Prepared By d. fl. RObe2'~3~~~1~`. ~~~~~~t~~ _ :~'i First Federal Savings 8~ Loan Association ~~8 jy6 P~ L of Fort Pierce ~ Florida ; , - 223591 ' Checked By '_sLQ"____ ; ~"a y~-~ 80GK 199 PACE1587 _ ~ - - - y : , : = k~.__ . _ . .