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Home My WebLink About1455 ~ , . - { ; . ~ 3. To place and conti~uously keep on 1F?s bui:dings e+ow or herea(t~r si~uat~ on said land and oe+ all equipmem ar+d pe~so~~lly covered by ~his ma ( sgs, w~th all premiums ~hcreon pa~d in (utl, fire insurance ~n Ihe usual standa~d policy fwm, in a ~um spprovtd by the MORrGAGEE, and windsto insura~c~ in the usual ~tanda~d pol:ty fwm, in ~ sum app~oved by the MORTGAGEE, in sucA tanpanY er co+^WNrs as the MORTGAGEE m d~rect; and all firs and w~nds~o~m ~nsu~anc~ polK~es on +nY of iaid buiid~~+gs, ~ny interes~ therein or part thereof, in the aggrega~e sum ~faeia~d in excets Ihereof, shall contain tM usual sundard mortgages clause a such othe~ dauss +s tM Matyagee may requ~rs, makin9 the ~os~ under ~a~d po cies, each ~nd every, payable w said MORTGAGEE as itt interest may appea~. ~nd each and eve~y fuch po~~cy shall be promptly au.g~ed and delivered ~ any held by uid MORiGAGEE ~i furthet ~ecv~ity to s~id mortgag~ deb1, snd, oot ~es~ than ten (101 dayi in +dvance of the expi~ation of esch pol~cy, to d~ IivN to taid MORTGAGEE ~ rtnewal Ihereof, topetFkt with a receipt fa the premium ot such renewal; and 1hH~ shall b~ no f~re o~ windstorm insuranc plxed on any of said build~ngt, ~~y intereil the~ein or part thereof, unless in tM form a~d with Ih~ lou payabte as ~foressid; and in the eve~~ any sun of money beco~nes payable v~der such policy a pol~cies said MORiGAGEE shall have tM opt~on to rece~ve and spply the same on account o( the indebtrd neu secured heraby w ro permit said MORTGAGORS ro receive and use it w any part thereof fw other purposes, w~~ho~t ih~rro~ wawing ar ~~npa~~ in~ any puity, liee~ w right unde~ w by virtue of thii mo:!gage; and in the event ~a~d MORTGAGORS ~ha~~ fw any reason fail to keep ~he said prem~ses so insurcd, o~ fail /o deliver promptly ~ny of said policies of insurance to said MORTGAGEE, a fail promptly to pay futly any prc~n~um therefw or in a~y ~espect fail to per(pm, discharge, execute, effect, comp~ete, comply with and ~bide by this cove~ant, a any part hereof, said MORTGAGEE may place a~*d pay fw such insurance or any part thereof without waiving or •ffec~inp any option, lien. eq~itY. w r~ght unde+ or by virtue of thii Matgage, and the full anwunt of each and ~v~ry iuch paymm+l shall 6e imrrKdiately dut and peyable and ihill bear intcrest from ths date thereof until paid at the rate ol nine per centum pe~ annum and to~ether with such i~terest shall be secured by th~ lien of this matgage• 1. To permit, commit o~ suffer no wsste, impa'umeM or deteraration of s~id property or any puf the~eof. 5. To pay all and aingul~? ths cosh, charges ~nd expenses, including s reasonable attwney i fee and costs of abstrads of title, incurred w ps~d at nny time by sa~d MORTGAGEE, becauss a in the even~ of the fa~lure on the part of the ssid MORTGAGOR to duly, promptty and fully perium, d~xhargs. execute, ef(en, compkt~, comply w~th a~d ab:de by each and every the stipula~~ons, agreaments, cond~~~ons. and cevenanb of sa~d pro~.~issory ~ote a~d ~h~: matgape a~y vr ei~her, and sa~d costa, char9es and expenses, each and every, sh~ll be immediately due and p~yabte: whethe~ a not there be ~ot~ce dr mand, attempt to collecf a wit pend~ng: and the full unount of each and every such payment shall bear inferesf from ihe date thereof until paid at the rafe of nine per centum per annurn; and all said costs, cherges and e:penses incurred w paid, together r?ith such interest, ~hatl be secured by Ihe lien of thii mortgaye. 6. That (a) in the event of any breach of this Mwtgsge w default on the part of the MORTGAGOR, or (b) in 1he event ~ny of said sums of money herein referred to be not promptly and fully paid within thi~ty (30) days next after the same severally become due and payable, wilhout demsnd or ~otice. or (c) in the eveM cach and every the stipulations, agreements, cond~t~ons and covenants of u~d p?omissory note and th~i mortgsge any a ei~he? ue oot iuly, prompHy and futly performed, d~xMrged, executed, eftected, complered, comp~ied w~th and abided Sy, then in either or any such eveM the ia~d a9- gregat~ wm mentioned in said promiuwy note then remaining unpa~d, with imerest sccrued, and all moneys secured hereby, shall become due and pay- able fathwith, w tFxreaiter, at ~F+e opt~on of said MORTGAGEE, as fully and comple~ely as if al! of the wid wms of money were or~pineily st~pulated to be paid on s~ch day, anything in sa:d prom~sswy note w in this Mortgage to tha co~trary notwifhstan~ng; and theroupon o~ thtreafter at the op~~on of sa~d MORTGAGEE, w~thout rw~ice w demand, suit at law or in equity, ~herefore or thereafter begun, may be prosecutsd as if •II mon~ys secured hereby ned mawred prw~ to in institurioo. ' 7. Tha1 in tht event that at the beginning of w at sny time pending any suit upon ~his Mortgsge, or to faeclos~ it, a to reform it, or to enforce paymeot of sny claims hereunder, said MORTGAGEE shalt apply to the Cour~ haviag jurisd~c~ion thereof fw the appo~ntmem of a Receive~, such Court shall forfhwith sppoint s receiver of said mortgaged property aIl and sirgulsr, includ~ng all and singular the incoine, prof~ts, iisues and revenues from wF?ateve? source derived, each and every of whrch, it being expressly undersfood, is hereby mortgaged as if speuiically set fw~h and dewibed in the grant~ng and habendum tlauses hereof, and such Receiver sha~l have all the broad and effettive funct~ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without refere~ce to the adequaty w inadequacy of the value of the p~operty mwtgaged w to the sorvency o~ ~nsofventy of uid MORiGAGOR or the defendants, and ~hat such renrs, profits, incane, issues and revenues shafl be applied by such Receiver accord~ng to the lie~ w eqvity oi said MORTGAGEE and the practice of such tourf. 8_ To duly, promptly and fully pcrform, discharge, execute, effect, complete, comply with and abide by each and every fhe stipulatipns, sgreementa, conditiom and covenams in sa~d promissory note and th~s mwtgage xt fonh. ! 9. That in the event the ownership of the mortgaged premiaes, or any part thereof, becomes vcsted in a person other fhan ihe MORTGAGOR, the M.ORTGAGEE, its succeuors and suigns, may, without no~ice to the MORTGAOR, deal with such successor a successor in interest with refcrence to this mongage and the debt he~eby secured in the same manner as with Mortgagor without in eny way vitiatin~ or distharging the Mortgsgori liability her~ under or upon the debt hereby secured. No sale o( the prem~ses hereby mongaged and no forbearance on ~he part oF the MORTGAGEE w its svccesso~s or assigns and no exte~sion of the time !or the payment of the deb+ hereby secured g+ven by the MORTGAGEE or it: successws o~ assigns, a.'wfl operate io release, d~scharge, modify change o? affect the oryinal liabil~ty of the MORTGAGOR hcrein, either in whole w in pa~t. 10. It is spetifically agreed that time is of the esxnce of this contract and that no waiver of any obliga~~on hereunder w of Ihe obligaYan se- { cured hereby shsll at any time thereafter be held to be a waiver of the terms hereof a of the instrument securcd herby. 11_ In add~tion to the forego'ng monthty payme~ts of p~inc'pa~ and interest required by the prom~ssory note secured hereby, mortgagar tovtnants and agrees to pay to rr.ortgagee with each monthly paynlem an add~rional sum esnma~ed by mortgagee to be equsl to 1/12 of the annuat cost of the follow- A-All real property taxes levied o~ assessed agai~st the above described real estate. ; B-Premiums on fire and w~ndstorm insurar.ce as herein requ~red to be carried on the improvements s~tuate on the above described premises. I C-Premiums on such mortgage guaranty insurar.ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ~ Mortgagee sha~l from time to time notify mortgagor in writing of the amou~t due and payable hereunder and such s~m shall Ihereupo~ be due and ~ F ayable on fhe due date of the next monthty payment and each successive month thereafter ur.til mortgagee shalt notify mortgagor of a change in such a~,ount_ Such sums sFall be applied by mortgagee toward tFx payrnent of real property taxes, insurarxe prem~ums, and mortgage guaranty insurance i premiums. ~ IN WITNESS WHEREOF, thr said MORTGAGOR has hereunto set his hand snd seal the day and yea first sforesaid. A ` i ~ u/ ~ ~ j, ~$igned, Sealed and d vered in the presence of: JCJ s~ i ~ ~ • C'~ J; y c. c i ~ cs~.n . ~ a ~s~a~ : - r a tte Gill x,q . t 57ATE OF fLORIDA ~ St. Lucie couNn oF ~ s~tore o~e pena?ally appeared J immY C. G i 11 e„d ~ Maraalette Gill his wife, to me well known and krawn to me to be rhe individuals described in ~nd who executed the foregoiny instrument, ~nd acknowledged before me that they executed the same fo~ the pu~poses therein expressed. Md the ~~d_~9alette C~illl ~ ~ w~fe of the said -11~,~f C• Glil _ upon s separate and priwte eraminsYron by me taken separate and apart from her said husband, adcrawledged to and before me tfiat she executed said instrument freely ~nd volurr ~ ranly and without ~ny compulsion, constraint, apprchension 'w fear of or from F~er said husbsnd. ~ ' ; WITNESS my hand and official ~cal thi: ~ '~1 day of M~Ch ~ ~ p• ~9 72 . _ ~ - "r' ~7/~ ~'2 ~sa' ~ .:a . - ~"~T.~-- Notsry Public in ~nd tor the State of Flwi~?1~t ~i(p~~ ~ Return To: M~ '~M~~~~~ ~ - EXPIRE$. . First Fedenl S+vings b toan Association ~~0 ilMO{I~1 Hip ~ ' Of fort P~erce. _ /S ~ - ` ~ ~y; a ~ ; ~ . ; ` : ` ~ Fo~t Pierce, Florida ~ ' ' ~ ~ • ~ ~ ~ fILEO AM^ ~ECORDEO Y ~ ' " - ST.lUC1E COUNTY FL~. • , ~ ~ ROGER POITRAS ~ s> '•Q~;, CLERK CIP,CUIT COURT ~ , • ' S This Instrument Pre ared B Jottn lti'. Collins ~ P Y RECOR~ VERi. tEO~.. • , - First Federa{ Savings ~ Loan Association of Fort Pierce , F lor ida Y.~ 1~ " 0? iV f'~~ i f1I7 Checked By ~ ~r~~. J~~li.r~~p~ ~ ~~~0 ~~~~4 ~ ~ ~ - - - ~ _ - r~ 3 ~ a ~-J ~^~'{.r _ . _ . _ . , _,3<._. _e