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Home My WebLink About2064 To plac~ and conti~uwsly keep o~ 1he build~ngi now w hereafter f~tuste o~ said lanci and w+ ali equipmrnl and personally covered by ~his mor sge, with all prcmivms thereon pa~d ~n futl, I~re insur~nce ~n the usual s~anda~d pol~cy iam, in a sum app~oved by the MOR(GAGEE, and w~nds?o intiu~ance in th.~ usual sfandard pol~cy form, i~ • sum ~pproved by the MORTGAGEE, in such cornpany or companies ai the MORiGAGEE m d~rett; and all firs and windstorm inwrance po~~c;es on any of ~a~d build~nyt, any imerest therein or part thereoi, in ~he aggrepa~e tum aforeiaid in eacest thereol, shall con~ain 1he usu~l standard morrgayee clause w iuch o~her clauss a~ ~M Mo.tyas.s may requ~r~, makirp tM loss unde~ s~~d po c~cs, each and evay, payabl~ to uid MORTGAGfE as it~ interest may ~ppear, snd e+ch ar+d •very svch poi~cy ~hall be prompttY a~s gned a~~d de~~~~rrd ~ •ny hsld by s~~d MORIGAGEE as furth~~ ~rwtity to said mortya9~ debt, and, not leu 1Mn ten (10) dsys in adwnce o( Ihe exp~ration o1 each policy, to d. I;ver to sa~d MORTGAGEE a rtnewal ~hereof, tope~Fw with a rece~pt fw the pr~mium of such renewal; and ther~ shall be no fire o~ wi~~ds~o~m insuronc plxed on a~y ol ia+d bu~~d~~g~, any interest there~n or pa~t thereoi, unless in the (orm and wi~h the loss payable as afweeaid; and in ~he event any ~un o! mpney becomes payable under such policy or poGcies ~aid MORTGAGEE shall haw the opnon ~o rcceive aix! apply the same on accounl of Me indab~ed ness tscured he~eby w ro pe~mil wid MORTGAGORS to rKeive ~nd u1e it p any parl fhercof Iw other p~rposes, without ih_~.. u~ ~vai.i.~~ c~ ~~npa~. ~ng any puity, lie~ or right v~der or by virtue of this mo:~~a9e; ~nd in the event wid MORTGAGORS shall for any rcason fail to kcep ~he sa~d premises io ~nsured, w fail to dc~iver prompfly any of said pol~cies ol insurant~ to sa~d MORiGAGEE, or fail prompfly to pay iully any pre~n~um thcrefor w in any • respect tail to perfarm, d~scharge, execute, effett, complete, comply wi~h and abide by this tovenant, or any pa~t he~eof, sa~d MORTvAGEE may piace a~~d pay fa such iniurance or any parl thereof without waivinp or affectin~ any opt~on, Ii~n, equity, or right under a by virtue of this Mortgage, ~r.d the f~ll amount of each and ~very such payment shall be ~mmcdiately due and payab~e and shall bear interest lrom ths dote thereof un~il pa~d at the rate of ni~~e per centum ps~ annum end to~ether with such interest shall !x sec~red by the lien oi th~s mwt9sge. - • 1. To permit, commit w sutter no waste, impairment p dete~ioratio~ of said piopcrty p sny part thereo(. S. To pay all and singula~ fhe costs, chuge~ •nd expenses, indud~ng a reasonabte attorney's fee snd cos~i of abstract~ of t~tle, incurred o? paid at any time by sa~d MORTGAGfE, bctause w in the event of the failure o~ the part of ths said MORTGAGOR ro duly, promptty a~d fully perform, d~scharge. execute, effec~, complcte, comply wuh and ab:de by esch and every the stipvlanons, agreemeNS, condit~ons, and covenants o( said praniasory note and ~his mafgp~ ~~y a either, and sa:d co3rs, chargci and exFensas, e~ch ar?d every, ~hall be immedutely due and p~yable; v~hethe~ or not there be nor~ce dc mend, attemp~ to collect a suit pend~ng; snd the full amouM of each and evc+y such payment shall bea. intereit from the date thereof u~~~~ pa~d at ~he ~ ~a~e of nine per centum per annurn; and alt said costs, charges and exaenses incuired a paid, together wnh such iroerest, ahall be secured by ~he lien of this mwtp~ye. ~ 6. That (a) in the event of any Ereach of this Moregage o~ de(ault on ?he part of ihe MORiGAGOR, or (b) i~ the even~ any of sa:d sums of rtw~ey herein re~erred lo be not promptly and fully paid within th~.ty (30) days ~ext after the same severatly become due and payable, without demand or notice, j or (c) in 1he evcnt e:ch and every the stipula~ions, agreements, cond~fions and covenants of sa+d promiswry no~e and th;s mortgage any a ei~hcr are not ? i~ly, p~omptly and fully perfamed, d~xharged, executed, elfected, completed, compGed w~rh and ab~ded Sy, then in e~thcr or ~ny such even~ the sa~d ag ~ gregats sum meneaned in said p?omisso?y note then remaining unpaid, with inte.es? accrued, and a11 moneys secured hereby, shail become dve and pay able forthwith, w thereafter, at the option of said MORTGAGEE, as fully and comptetely as if a~l of ?he said sums of money were or~glnelly st~pu:ated to be pa~d on such day, anything in sa.d prom~sso+y note or in th~s AAwtgage to the contrary notw~~hsta~d~ng; and thereupon or thereafter a~ the opnon of :a~d MORTGAGEE, w~thout not~ce w demand, suit at law or in equity, therefore a tAcreaf~er begun, may be proxcuted as if all moneys secured hereby had matured pr~w to itf institutipn. 7. That in the event that at the beginning of w at any time pend~ng a~y su~t upon rhis Mortgage, or to SqK~OSQ it, or to reform it, or to cnforce payment of sny claims hereunder, said MORTGAGfE shal) apply lo the Covrt having ~ur~sd~ction thereof (o~ the appo~ntment of a Receiver, such Court shall forrhwith appoi~t a~eceive~ of aaid morlg~yet! preptrty ~11 and si+igulsr, inttud~ng all and singui~r the'intome, pro(~ts, issues ~nd revenues f~a~n whateve~ tou+ce derived, exh snd every of wh~ch, il btirg ~aptessly understood, is hereby mortgsg~d u if spec~(rcally set fwth and destribed in the granting a~d habcndum clauses hereof, and auch Receiver shall have all the Moad a~d effeciive funct~ons and powers in anywise entrusted by a Cou~1 to a Recei~er, and :~ch sppointment shalt be made by such Court as an admitted cquity and a maner of absolute rigM ro said MORTGAGEE, and witMut reference to the ~ edeqvscy a inadcquaty of the vatue of the p?oprty mortgagcd or to the so~vency w insolvency of said MORTGAGOR p the def~ndanta, and that auch renis, profits, intome, issues and revenues shall be applied by such Receiver accord~ng to the ~ien w equity of said MORTGAGEE and the praUice of such ! Court. 8. To duly, p~omptly and (u!?y perfurm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions ~nd covenants in sa~d promisswy note and this mortgage set tath. 9. That in the event the ownership of Ihe mortgaged premises, or any part thereof, becomes vested in a person other than the IAORTGAGOR, the M.ORTGAGEE, iti succeuws and ass~gns, may, without not~ce to the MORTGAOR, deal with such successor w successw in interest w+~h reference to this mortgsge end the debt hereby secured in the same manner as with Mortgagor without in any way vitiating ot d~xha~ging the Mortgagori liability hcre- ~mder or upon the debt hereby secured. No sale of the premises he~eby mortgaged and no forbearance on the part oF the lAORTGAGEE or its successors or assigns snd no extension of the time for the payment of the debt hereby secured given by the MORiGAGEE or its ~uccessws w assigns, stiall operate ro releau, d~scharge, modify change w affect the orig~nal liabil~ty of the MORTGAGOR herei~, either in whole u in psrt. 10. It is speu~ically agreed that time is of the esunce of this contract and that no waiver of any obl~gat~on hereunder o~ of the obligation sr • cured hereby shall at any time thereafter be held to be s w~iver of the termi hereof or of the insrrument securtd herby. 11. In adci:tion to the f~regdng momh~y payments of princ"pal and interest requ~rcd by the promissory noie secured hereby, mortgagor covena~ts 3nd agrees to pay to mortgagee vv~th each monrhly pay~aent an add~~ional sum eshmated by mortgagee to be equal to 1/ 12 of the annual coat of the follow- ~ng: . A-All real property taxrs levied w assessed agai~st thc above descr~bed real es:ate_ B-Prem~ums on fire and wir.dsrorm insurar,ce as here~n requ~red to be carried on the ~m~.oveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall irom t~me to firne deem fit to ca~ry on the ban secured hereby_ ~ Mortgagce shail from t~me to time norify mortgagor in wr;t~ng of the amount due and payable hereundrr and such sum shafl thereupon be due and i ;.ayable on the due dare of the ne,et momhly payrr,ent and each svccessive month thereaFter-untit mortgagee shall notify mortgagor of a change in such a^ov~t. Such s~ms shall be applied by mortgagee loward the payment of real property tazes, insurance prem:ums, a~rd mortgage guaranty insurance i p~emiums. f ~ IN WITNESS WHEREOf, the said MORTGAGOR has hereu~to ut his hand and seal the day and year first atwesaid. 1 6 ~ Sigr?ed, Sealed end de 'vered in e prexnce of: / ~ '1~~ G~~~~~+~ ~ _ ~ N sn1e1 Lee ~ary ~ .t~,tti- RsthB L. Lee ~ (s~a0 ~ (5ea0 ~ ~ 5 i ATE OF FLORIDA ~ ~ couNn oF St. Iucie F 6etwe me penona~~y a~e t4da N8ttlgtiie 1 Lee ~~d ~ h . e his wi~e, to me we~l known and k~own to me fo b~ ~ the individwls desvibed in and who e:ecuted the fweyoi instrument, and stknowledged befwe me that they executed the same jw . th~~putposs~ ; ~ RBti~18 ~i L86 . i ` ~ therein sxpressed. And the wid , ; r~ ; ~ - - ; ! ~ ~,~re of ~?~e said Nathaniel Iee -„Po~.; •',~d. .ad pri~s+'t ~ e,em~nation by me taken separate and apart from her said husGsnd, acknowledged to snd befwe me that sF~a eaecuted said instryrthA! h~ely u~d vokip?. ~ ranly and without any compuisioo, constraint, apprehens n or fe~r of or from htr said huiband. ' 1F, ~ WITNE55 my hand and offiual seal this_ - _ dsy of February p, 19 : _ ~ ~ s . , . i ~3 Nota Public in and fw the tate'O ~bfidi M la!¢'''• ~ ; My Commission ~xpirei. I ^ `f ' ' . Rlturn TO: •,3 .1 I~ J' 3 First federal Savinga E loan Association `:5 Of Fort ~,erce. fort P~erce, Flor~da f~8 ~11D RECp fT. LIiC1E COUMTY iLL g AOCE N P011'R~= ~ CLERI~ CIRCti1T C01Mf ~ " RECORO YERIFIEO.r_ 1 This Instrument Prepared By .1. H. RAberts~ Jr. - First Federal Savings & loan Association Q = of Fort Pierce , Florida ~7 Si ~~~Z Checked By - . ECR 177 Pl~rt~:+~ 1 S _ ~ - - - - - - I ~ . . _ . . F