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Home My WebLink About0499 t + To place and continuously kcep on the buiidings now or hereafter ~ituats on said I~nd and on all equ~pment and pr~onally covered by this ma ~ge, wilh all premiums thercon pa+d in fult, lire insurence in the usual sta~dard polity fo~m, in • sum approved by the MORIGAGEE, and windsto ~nsuranct in ~he ususl standard pol~cy fwm, in • sum app~oved by the MORTGAGEE, in iucA compsny o~ compamet ss ihe MORTGAGEE m d~rect; and all (ire and winds~orm insurance pol~ciet on a~y of ~a+d lwitd~nyt, ~ny interes~ ther.in w part tAereof, in the aggrega~e ium afweia~d in exteu thereoi, sMll tontain the usual slandard mo~tgagee cl~use w suth other tleuse ai ths Mw~gagee msy requ~rs, making the ~oit unde~ sa~d po c~es, esch and every, payable to said MORTGAGEE as its interest may appear, and each and svery such pol~cy fhall be promptly +ss g~ed and delivered + any held by said MORIGAGEE as further security to sa~d mat9age debt, and, no1 leu lhan 1en (10) days in advance of 1he expiration of each pol~cy, to d~ I~ver fo said MORTGAGEE a re~ewaf thereof, together with a rece~pl fw tfie premium of such renewet; and there shall be ~o f~re or winds~o~~n insurarx placed on a~y of said buildin~s, a~y interest therein w part thereof, unless i~ ~he form and wi~h the loss paysble ai afaesaid; and in ths evenl any sun of money becomes payable under such polity w pof~cies said MORTGAGEE ahall Mve the opt~on to ~eceive and appty the uroe a+ accouM of the indebfed ness setured he~eby a to permit said MORTGAGORS to receive and uss it w any part thercof ior orher p~rposes, v~ithout thsrco~ waivi:~3 ~r ~~npa~r ing any puiy, I~e~? or riflht ur?des a by virwe of this mo::gs9e; and i~ tM event wid MORTGAGORS shail fo. sny reason fail to keep the said premisrs so insured, w fail to deliver promptly any of said polKies of insuronce to sa~d MORTGAGEE, or fuil p~ompfly to pay fully any pre~~~~um therefw or in a~y respect fail Io per(wm, discharge, execute, effect, comp~ete, comply with and abide by this cove~ant, a any par/ hrreoi; said MORTGAGEE may place a~~d pay fa iuch insurance w any parf therMf witFw~t waiving w affeding any option, lien, equity, o~ right u~der w by virtue of this Mortgagr, and the futl amou~t of each and ev~ry such payment shall be immed~ately d•x and payable and sMll bear interest from tta date thereof until paid at the rate ol nine per centum pe~ annum arxJ to~ether with such inte.est shali be secured by the lien of this mortgage.. 1, To permit, tommit or suffer no waste, Impairment w deteraration of said property or any part thereof. S. To psy •11 and singular the cwts, charges and expenses, i~cluding a reasonable attwney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAG:E, because or in the svent of thr failure on the part of the said MORTGAGOR to duly, promptly and fvlly per(orm, d~una~ge. execute, efFect, complete, comply w~th and ab:de by each and every the ~tipulations, agreen~nts, conditions, and covenants of said prom~ssory note and ~h~~ mortgaye any or either, and said costs, charges and expensea, each and every, shall be immed~ately due and payable; whether o~ not there be not~ce de mand, attempt to collect or suit pend~ng; and the full amount of each snd e~ery such psymero shall bear interest from ~he date thereof until paid a1 Ihe ~~fe o{ nine per centum per arn~um; and all said cos~s, charges and expe~ses ~ncurred or paid, ~ogether w~~h such interest, thall be secured by the lien of thw mortpsge. Q That la) in the evenf of any breach of this Mortgage or default on tM part of the MORTGAGOR, or (b) in the event any of sa:d iums of money herein refened to be not promptly and iully paid within thirty (30) days neat after the same severatfy become due a~d payable, without demand w ~otice, or (c) in the svent each and every the stipulations, agreeme~ts, cond~tions and covenanta of sa~d promiswry note and th~s mortgage any a either are not iuly, promptly and fully performed, d~xharged, executed, effected, completed, compl~ed with and ab~ded Sy, then in either w eny such svent the said ag j gregate ium mentioned i~ said promissoay note then remaining unpaid, with interest accrued, and all moneys aecured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and comple~ely as if all of the said sums of money were w~g~nally st~pula~ed to be paid on such day, a~ything in sa~d promisswy note or in this Mortgage to the contrary notwithstanding; and thereupon or thereaffer at the opt~on of said MORTGAGEE, without notice a demand, suit at law a in equity, therefore ot thereafter begun, may be prosecuted ss if sIl mo~eys secured hereby { had matured pr~or lo ifs institution. ~ 7. That in the event that at the beginn;ng of w at any tirtee pending any suit upon this Mortgage, or to foreclose it, or to reform it, o~ fo enforce oayment of any claims haevnder, said MORT6AGEE shall apply Io the Court havirg jurisd~ction thereof iw the ~ppo~ntment of a Receiver, such Court shall Forrhwith sppoint a receiver of said martgaged property all and singular, includ~ng atl and singular the income, piotlts, is~ues and revenues from whatever source derived, each and eve~y of whrch, it being expressly unders~ood, is hereby mongaged ss if speufically set fwth and deuribed in the granting and I~abendum clauus hereof, and such Receiver shall have all the b?oad and efieaive funct.ons and po.vers in anywise entrusted by a Cwrrt to a Receiver, and ~ s~ch appointment shall be made by svch Court as an admitted equity and a matter of absolute right fo said MORTGAGEE, and withaul referente fo the adequacy or inadequacy of the value of the property mortgaged or to the so:vency w;.~solvency of sa~d MORTGAGOR w the defendants, and that such ren~s, profits, income, issues and revenues :hall be applied by such Receivcr accord~ng to the iien w equity of .said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agrcements, conditans and covena~ts in sa~d promisswy note and this mortgage set forlh_ 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other tha~ the MORTGAGOR, the MORTGAGEE, iri successws and assigns, may, without notice to the MORTGAOR, deal wirh such successor w successw in interest with refererxe to this n:ortgage and the debt hereby secured in the same manner as with Mortgago~ without in any way vit;ating or d~xharging the Mortgagori liability herr under or upon the debt hereby secure~. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORiGAGEE w its successors or assigns and no extension of the time fw the payment of Ihe debt hereby secured given by the AhORTGAGEE or its successors or au~gns, aSall operate ro release, discharge, modify change w affect the original liability of the MORTGAGOR herein, either in whok w in part. 10. h is spec~fi~ally agreed that time is of the esunce of this contrad a~d that no waiver of any obl~gat~on hereunder w of the obligstion u- cured hereby shalf at any time Ihe~eafter be held to be a waive~ of the terms hereof w of the irutrument secured herby. 11. In add~tion to the fwego:ng monthly payments of princ'pal and interest requ~red by the promissory nore secured hereby, mortgagar covenants and agrees to pay to mortgagee with each mon!hly payrnent an add~rional sum estimated by mongagee to be equal to 1~'12 of the annual cost of the follow- ~ng: A-All real property taxes (evied w assessed agai~st the above desaibed real estate. B-Premiums o~ fire and windstorm insurar.ce as herein ~equ;red to be carried on the improveme~ts sitvate on the above described premises. C-Premiums on such mortgage guaranty insurance as mort9agee shali from t:me to time deem fit to carry on the loa~ secured hereby. Mortgagee shall from time to time notify mortgagor i~ writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and i Fsyable on the due date of the next month!y payment and each successive month thereafter until mo~tgagee shall notify mortgagor of a change in such ' ! a~,:ount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, a~x! mortgage guaranty insurance ~ oremiums. - ~ IN WITNESS WHEREOf, the said MOR AGOR has hereunto set his har.d and seal the day and year first aforesaid_ i : Sig aled and li er in esence of: ~'Li~~~lf/)7" ~Q € ~YL{ (La4 ~ ; ~ ~ e (Sea4 ~ L~L C~~4~lL~'~ T ts~n € / ~th Clarke ~ - t 57ATE Of FIORIDA ~ ~ ` courm oF St. Lucie ~ ~ Befwe me personally appea?ed William Clarke ~ . ; ~th Clarke his wife, to me well knawn a knorirtG to me to be ~ ~ the individuafs dewibed in and who executed tF~e foregoirg instrumeM, and acknowledged befwe ms that they execyLd:~Re~'~~Qi i1N purposes ~ rherein e:presscd. Arxl the said ~th Clarke ` ~ wife of the uid W~Zl~.~ Clarke ~ ~ kpirat~ ~~d •priv~le x examination by me taken separate and apart from her said husband, eckrawtedged to and befwe me that she executad•'siiQ?irishumeM freeir i~nd volun- ~ ranly and without any compuls'wn, constraint, apprehension~,,/w fear of or from her said busband. ~ : - WITNESS my hand and official seal this ~~-cA. day of • _,•~1: D. ~9 7~ ( ~ . . - i Notary Publit in snd fot ttis:il/f~ f~otid~.~RL4rye = My Commiuion expires: - a , _ Return To: NO?ARr P11~, ~TE d FLORIDA ~t LAR6E _ Fint federal Savings 3 loan Associat~on MY COMIU~I~SION D(PIRES SEPT. 2S. 1975 ; Of Fo~r P:e~~e. eonde0 ~jr Amerian Baaken Insunnce ..o. j Fort Pierce, Fbrida ~EO ~~C ~E`'OR~O 'a St. ~lfWf C01lM?Y fLL ItaCf A D9iTRAS L'1ER~ C~RCUIt COYRT ~ RECORU ~ER?flf0~..~.~-~ - This Instrument Prepared By J. H. Roberts, Jr. - First Federal Savings & Loan Association ~ j 3 1i ~~'Z of Fort Pierce ~ Florida ~i ~ Checked By ~ `~r/~9'~r1 ~ ~ ~ se~K2~ ~ 4~ ' _ 1G ~ ~ ~ - ^a Y,-~ - _ ^ _ . ~ ~ T~ - z-i ~ ~-~m~ ~ . : . _ . ~_.Y._~~ ~