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Home My WebLink About0491 To plx~ •nd conNnuously keep on ihe bu~'ding~ now or hereaftc~ ~~twte o~ said land and on all equipment and personalty covered by tnis mo~ ~g~, wirh all pr~mi~m~ ~hereon pa~d in futl, fire insurance in tha usv~l tt~ndard policy form, in a sum approved by the MORIGAGEE, snd w~ndsro ~nsuranc~ i~ tM usu~l standa~d pol,cy fam, in • sum •pprovcd by th~ MORTGAGEE, in such company or companies as the MORTGAGEE m direct; ~nd all fire and w~~dsrorm insursncs policies on any of taid build~ngi, sny intero?1 the~ein or part thereoi, in the +ggrrgate ium afaesa~d in ~xces~ ~he~eof, sMll contain ~he usual s+andard mort~a9e~ daute ot such o~her daus~ as tM Ma~yage~ may ~equ~r~, ma?in~ ~he ~oss under sa~d po e cies, e~ch and every, payable to said MORTGIIGEE ib inieresl may appear, ~nd each and eve.y iuch po~rcy shall be prompUy ass g~ed and de~~vered ~ 4 •ny held by H~d MORTGAGEE as iu~tFx~ seturity ro ssid mw~flage debt, ar+d, no~ leu than ~en (10) days in advarxe o( ~he eap~rar~on ot each porcy, to d. . ~ I~ve~ to said MORTGAGEE a renewal the~eof, to9e?her ~vith a~eceipt fw the premium of such ~enewal; and there shaU be no f~re or windstorm ins~ranc t plxed on ~ny of iaid buildings, ~ny intereft therein or pa~l thereof, unless in fhe form and wi~h the loss payable as aio~esa~d; and in ehe e~en1 any sun of mon~y becwne~ payabte u~de~ such policy a poficies said MORTGAGEE shall haw the opt~on ?o receive and apply ?he sa~ne on accoum of the indebted ness setwed M~eby w fo permit said MORTGAGORS fo receive and us~ if p eny pa~t thereoF fo~ otncr purposrs, ~v~~hout th~~~o~ ~vaivi.r3 cr unpair ing any equity, IEen or right under or by virtue of this mo:spage; and in the ~vent wid MORiGAGORS shall fa a~y ~eason fail to keep the sa~d premises so insured, w fai) to detiver promptly any of said polKies of insuranc~ to said MORTGAGEE, or fail promprly to pay tully any pre~~~~~m therefw w in a~y respect fail to perfam, diuharge, execute, effect, canpiete, comply wi?h and abide by this cove~ant, or any par~ hrreof, aa~d MORTGAGEE may p~ace a~~tl pay ta such insura~ce or any part thereof without waiving w affsdin9 any option, lien, equ~ly, w right under a by virrue of this Atort9age, end the i full amount o( esch and every tuch payment shalt be immcdiately due and p~ysble and shall bear interest from the date thereo( u~~:il paid at the rate of ~ nme per cantum per annum and to~ether with such interest shall be secured by the lien of this morlgage. t 1. To p~~mit, eommit w suf(er no waste, impairment a deteriwation of iaid property o~ any pan thereof. S. To pay all and singular the costs, tharges snd expenus, including s reasonable attwney's fee and costs of abstracts of title, incurred w paid at : any time by said MORT~'sAGEE, because w in the eve~t of the iailure on the part of ~he said MORTGAGOR to duty, promptly and fully perlorm, d~xharge. i execute, e(fect, complet~, comply w~th and ab:de by esch and every the st~pulatwns, agreemenn, co~ditions, and covenanrs of said promissory ~ote and th~s ~ mortgaga any a eieher, and sald costs. charges and expcnxs, each and every, shall bs immed~a?ely dve and payable; whether o? ~ot ~1xre be not~ce de ~ mand, attempt to collect a suit pending; and the full amounl of each and every suth payment shall bear interest from the date thereof until paid at the rafe oi nine ptr tentum per an~~um; arw all said costs, charges and expcnses incvr~ed w paid, togelher w~th suth interest, shsll be secured by the lien of this ~ morty~ge. 6. That (a) in the evcnt of any breach of this Mort9ag~ or default on the part of the MORTGAGOR, w(b) in the event any of ia~d sums of money ; herein referred to be not p~omprty and fully paid within th~rty (30) days next aite~ ~he same severatly become due and payable, without demand w notice, 4 or (c) in the event each and every the atipulatioos, agraeme~ts, cond~tions and covenants of sa~d promissory oote and th~s mortgsge aoy or e~ther are not iuly, p~omptly and fully periormed, d~uharged, executed, effected, compteted, compl~ed with and abided Sy, then in e~the~ w any ~uch ~vent the sa~d ag gregate sum mentioned in said promissory note then remaining unpa~d, with interest accrued, and all mo~eys secured hereby, shall becon+e due and pay- able forthwirh, or thereafter, at ~he option of said MORTGAGEE, as fully and completeiy as if all o( the said sums of money were aiginally st~puiafed ~o be pa~d on such day, anything in sa:d promlasory note a in this Mortgage to the con~rary notwithstanding; and•thereupon or thereafta at the opiion of sa;d MORTGAGEE, w~thout notice or demand, suit at law a in equity, thertfore or thereaiter begun, may be prosscutad ~s if ~II montys sewrtd htreby nad rnaturet~ pnOf t0 it3 inStitutiOn. _ - ~ ~ • - . - t . 7. That in the event that at the beginning of or at any time pendirg ~ny suit upon lhis Mortgsge, o.,~0 4aectos. it, or fo reform jt. or !o enfwcs payment of any claims hereunder, said MORTGAGEE shall apply to the Coun having 'ryrisd~ction thereof for the ~ppo~ntment of s R~ceivu, iuch Coun ihalt forrhwith appa~t a recciver of said mortgaged property all and si~gular, includ~ng ail and singular the income, profits, issues and reve~ues from wF?stever i source derived, each and every of whrch, it being expressly undersrood, is nereby mortgaged as ii specificatly ut forth and desuibed in the yranring and habendum clauses FKreof, and such Receiver shall have all the broad and eftealve ~ncf~ons and powers in anywise emrus~ed by a Court to s Receiver, and s~ch appointrtxnt ahall be made by such Court as an adm+tted equity and a matte~ of absolute right to said MORTGAGEE, and wirhout re(ererxe to the edequacy a inadeqvacy of the vstue of the property mortgaged or to the so~ve~cy or insolvency of sa~d MORTGAGOR a the defendants, and that such ren~s, profih, income, issues and ~evenues ihall be applied by such Receiver accwdiny w the lien o~ equiy of uid MORTGAGEE and tF?e prx~ice of such CouA. 8. To duly, promptly snd fvlly perform, diuharg~, execute, effect, co~eplete, comply with ~~d abide by each and every the stipulations, agreertKnts, conditans and covenan~s in sa~ promissory ~ote arxl th~s mortyage set fo~~h. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becom~s vested in • perwn other than the MORTGAGOR, the MORTGAGEE, its succeuors and suigns, may, without notice to ~he MORTGAOR, deal with such sucteuor w succesaor in interest with reterence to thia mor:gage and the debt hereby secured in tfie same manne~ as with Mortgagw withoul in any way vitiating a dixharging the Mwtgagors' liability herr under a upon the deb~ hereby secured. No sale oi ~he premius hereby mortgaged and no forbearance on the part of the MORTGAGEE w iu successws or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its ~vccessors ot au~gns, s~ll operate ro release, dixharge, modify change or affect the original liab~l~ty of the MORTGAGOR hcrein, either in whok or in part. 10. It is spedfically agreed that t~me is of the essence of this contrac~ and that no waiver of any obli9at~or? hereunde? a of the ob~igatan se- c~red hereby shall at any tirtx tF~ereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. (n add~tion ro the forego'r.g montMy paymems of princ'pa~ and interest required by the promissory nore secured hereby, mortgagor covenants ar.d agrees to pay to mortgagee with each monthly payrnent an addiiional sum est~mated by mwtgagee to be equal to 1 j 12 0( the annual cost of the follow- ~ng: A-All real property taaes levied or assessed against the above dexribed real estate. ! B-Premiums on iire and windstorm insurar.ce as here~n requ:red to be carried on the imp~oveme~ts situate on the above described Fremises. f ! C-Premivms on such mortgage guaranty irtsurar,~e as mortgagee shall from. t~me to time deem fit to tarry on the loan secured hereby. i Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum :Iwll thereupon be due and ; ayable on the due dare of the ne:t monthly payment and each su:cessive month thereairer ur.til mutgagce shall not~fy morfgago? of a change in such e-~ount. Such zums shai! be applied by mortgagee toward the payment of real prope~ty ta:es, insurance prem:ums, and mortgage guaranty insurance r.•emiums. IN WiTNESS WHEREOF, the said MOFjiGAGOR hss hereunto xt his F?and and seal the day and year first ~fuesaid } ig al and i ~ t presence of: , ! i Seaq § es A. D s n, z ~a~ ~ ~ - ~c~?lirruv , (Seaq 5 e L. son ` Se~q ~ ~ s z ~ SIATE OF FIORIDA ~ St. Lucie ~ ~ cwNnr oF a ~ befwe me personally sppesred James A. ~1XSOJ1 ~.JZ. a~ Jimmie L• ~iXSOA his wife, to me well krawn ~rd luqwn to me to bt ~ the individuats described in ~nd who executad the foreyarg instrument, and ~cknowledped before ms that they executed : t~ .~arnt for tM p~rrposes ~ Jimaie L. Dixson • ~ ; therein ~xpressad. Md the sa7d ~ ' ~ ~~r~ o? t~ ,~~a James A. Dixson, Jr. ~,.~.ii.~a ~.~~.f. - examina!ion by me taken sepsrate a~d apan from her said husba~d, ~cknowledged to and before me that she executed ~iid i~strument 4re"sly and volun- +anl and without an com ision, tonstraint, a . w~ : Y y Pu pprehension, w fear of or from her said huib+nd. WITNE55 my hand and official seal this 3rd day of - !C D. 19 72 ~ ~ ' ~ ~ - No/~ry public in ~~,d iw flr~ f'Flir •~r 4ai~e My Commiuion ~apires: ~ ~ - . . Return To: ' ~ • • ~ ~ = first Federa! Savirps 3 toan Assodat~on NO[M1f pl~llC. 3TA1E d fLORIDA ~t LARGE Of Fort P:erce. Iillf COMMISSION EXPIRES SEPT. 25, 1975 ~ Fo.r Pierce, florida ~ L,EO A11Q RECOR~ES~~ ~~0 ~nkas Insursnce ~o- i~. WCiE ~OU~tr itAr ROGEk POITRAS ~IERK CI~tC01T COUR1 aeCOap vFfl~F~Eo This Instrument Prepared By Rich~rd K. Kayes ' First Federal Savings b Loan Association ~ j 3 is PM ~~Z of Fort Pierce , Flotida 2~491'7 t Checked By ~ i _ ; 3 O ~ 1 ; ~ B~oK 20~ 491 ; . . ~ a~ . ~ _ ~ n__ - - a _ ~ : ' _ ; ~ ~ ~ - , ,r~ ~ ~ . ~ _.s T- , . _ _ _ ~ F_ _y._