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Home My WebLink About1801 3. To placr and coroinuously keep on the bw ~1m9s now or hrreaftrr s~t~jro on sa~d 4and a~d on alI eq~~p~nem and personally covered by this mw ege, w~ih al) pramiums thr~eon pa d in 1u1~, fire insura~uc :n thr ~s..~l sta»d..~d po ~ty form, in a svm aFp oved b~ the h1pR~iaAGEE, a«d w~ndsto ;nwrance in the ~wal ~randard pot,cy form, in a aum d~:~1(O.Cd ~y ~hr A10RiGAGEE, in such company or com~:a~.es as ihe A50R1GAGEE m d~~ect; and all fire and w~~dsiorm insurance potides on any o( sa~d bu~id.ngs, any inre~est therein w parl Ihrreol, in Ihe a99~egate s~m aioresaid in excess thereof, shall ;.xuain the uaual sta•~da~d mor~gagre c'~~use o~ such al~er c!ause as the Morlgagee may req~:re, mal.ing ~he lo:s undrr sa~d po c~rs, each and eve~y, pay~b'e to said 110RTuAGEE as ns m~errst may appea., and each and e.e~y svch po::cy sF.ill be p~omptly ass gned a~~d de~~Y~red ~ any held by saiC MORTGAGEE as iu~iher security to sa~d mortgige deVt. and, not Iras than ~rn ~10) days in ad.ance of the expir,non of each poi~cy, to d. I,ver ~o »id MORTGAGEE a rtnrwal tha~eof, ~ogerhar v`ith a reca~pt ior thc prr~~~~vm of suth rene,tisl; and ~here shaR be ~o f~re or w~nos~o~m insuranc placed on any of seid b~ild~ngs, any intrres~ there~n or pa~t ~he~eof, un:ess ~n the 1o~m and with ~he ioss payabfe as afo~esa~d; and in the eveM any sun of money becomes payable under s~th potity w poGcies S.+iJ NJRTGAG~E sh..ll have the opt~on to rece~vc and app:y the same on accou.~t of thr indrbtid ness setWCd heieby o? fo permit sd~d MORTCaAGORS to receive and us! it o~ any part th?r Wi ior o:iie~r purpcsrs, vr~no~1 thtn u i ~r.:i~i i3 ~mp;,~r mg any epuify, lien or rigM under w by virtue of th~s rr:o-rgage; and in tha ovem said MORTGAGOR$ shall 'or any reason fail to kerp ~he said premises so ~nsured, w fail to de~~ve~ prompNy any of sa~d po~~ues of insvrance to sa+d MORiGAGEE, or faif p:anprly to pay fuily any premi~m therefor or in a~y respect iail to pe~(wm, d~scharge, eaecute, effec~, canpirtr, co:r~ply wi~h and ab~de by th~s covenant, or any pa~t hareof, s+~d MGRIGAGEE ~nay piace a~•d p~y for such insurance or any part thereof w~thout waivi~~g w affrcrin9 any op~~on, lien, equity, or r~ght under or by v~riue o( this h1o~~gage, and tht full amovnt of each and e~ery such payment shall be immed~ately Jve and payabfe and shail be~~ interrst i~om tha date thcreof until paid at the rate ol ` n~ne per centum per annum and to~ethrr with such inte:~sr eha!~ be s~cure~ by the lien of this mortgage. 1. To parmit, commit w suffer no weste, i~r.pairment or deterioration of said property or any part thereof. S. To pay all and singular the costs, charges and expenses, in:ludir.g a reasonable attorney's fee and costs of absnacts of title, incurred or paid at ~ny time by aaid MORTGAG:E, because o~ in the er•ent of the fa:iure on the part of the said MORTGAGOR so duly, pro~nptly and fu~~y perfwm, d~scharge. :xecute, effett, complete, comply w~th and ab:de by each and every the supulauo~~s, agreements, conditio~s, and covenants oi sa~d promiisory note and this •~~ortgage any w eiiher, and sa,d costs, charges and e,epenses, each and eve~y, shall be im~nediately dut and payabte; whather w not tt~ere be no~~ce d~ mand, attempt to coilect w suil pe~xl~~ig; a~d the ful! a~~ount of each and every such pryment shall bea~ int:rest from the date ~hereof until paid at the .~te o~ nine pe~ centum per annu~r, anc~ all said costs, charges and cxpenses incurred or paid, together wAh such interest, shall be setured by the Gen of ihi~ rnortgage. _ 6. That (s) in the event of any breach of this Morrgage o~ defaul! on ~he part of the MORTGAGOR, or (b) in the event any of sa+d sums of money herein ~eferred to be no~ promptly and fully paid wi~hin th~rty ~30) da~s nex~ ai~cr the same srve~a:iy becorne d~e and payabte, without demand or notice, or lc) in t~r event each and every the stipu~aiions, a~rezments, ccnd~c~ons and covenants of sa.d promissory note and th~s mortgaqe a~y or eithe? are not ivly, promptly and fully periormed, d:scharyed, executed, effected, co+npleted, co~nni~ed wifh and ab~ded Sy, then in either w any such event the sa~d ag- : ~~egate sum meroioned in said ptomissory nore thrn remaining unpa~d, with incere,t accwed, and aIl moneys sewred hereby, shall become due~and pay- ~ eo,e forthwith, or thereatter, at fhe opt~o~ of safd h~ORiGAGEE, as fuily and comple~ety as il aH o( the sa~d sums of money wtre or~ginalty st~putated ro be pa:d o~ svch day, anything in sa.d prom~ssory note or in this Mortgage to ~he con~rary notwithstanding; and thereupon a thereafter at the option of s~.d MORTGAGEE, wi~hout nonce or de~nand, suit at law or in equ~~y, therefore or thereaSrer begun, may be prosecuted as if all moneys secured hereby r,~d maWred pnor to ~is inslitution. 7. That in ehe event that at the beg~nn~ng of w at any time pe~ding any su~t upon th~s Mortgage, a to ioreclose it, w to re~orm it, w to enforce payment of any ciaims he~eunder, said ~dORTGAGEE sha~l appty to the Coun hav~ng ~urisd.ct~on thereof for the ap{w~ntment of a Reteiver, such Court sh~ll fcrthwith appoint a receiver of said mortgaged property all and singutar, incli,d ng aIl and smgular the ir.tome, profds, iu~es and revenues Irom whatever s.-urce derived, each and every of wh~ch, it being expressiy understood, ~s h:ereby morfgaged as ~f speufically set forth and destribed in the granting a~d h~bendum clauses I~ereof, and such Receiver shall have all the lxoad and efiece~~e fur.cf.ons and powrrs in anyw~se entrusted by a Ceu~t to a Receiver, and s_ch appointment shall be made by svch Court as an ad:ni~ted eqvity ar.d a natte~ of absolute r~ght to said MORiGAGEE, and withcut reference to the adequaty or inadeq~aty of the valve of the property mortgaged or to the so.vency or ~nsoivency o( sa~d MORTGAGOR or the defendants, and that suth ~_•~fs, profits, incane, issues and revenues shall be applied by such Rece~ve~ ac:ord~ng to tht tien or eq~ity of said MORiGAGEE and the practice of wch Court. 8. To duly, prompt:y and f~lly perform, discharge, execute, effect, cornp~rte, co~nply with and abide by each and every the stipulations, agreements, ca~d~tions and covenants m said prom~ssory note and th:s morrgage set forth. 9. That in the event the ownership of the mortgagcd prem~ses, o+ any part thereof, becomes vested in a person other than the MORTGAGOR, the '.:ORTGAGEE, its successors and ass~gns, may, witho~f notice to ihe MORTGAOR, deal w~rh such successor or successar in interest with reference to this n ortgage and the debt hereby se~ureti in the same manner as with htortgagor w~thout in any way viflafing or d~schargi~ the Nbrtgagors' liability lxrr ~nder w upon ttr_ debt hereby secvr<d. No sale of the prem~ses hereby mo.tgaged ar.d no forbearance on the part of ~he MORTGAGEE or its successors or ass~gns and no exrens~on of the time for the payment of the cieb~ hereby secured giren by the MORTGAGEE or its successas or ass~gns, a~iail operate to release, d~scharge, modify change ar affect the or~g~nal liau;l~ty of the h.ORTGAGOR herein, either in whole or in part. 10. It is speuficatly agreed that time is of the essence of this contract and that no waiver of any obllgation hereun3er or of the obtigation u- c~red hereby shall at any time thereafrer be held to be a wa~ver of the terms hereof or of the instrument secured herby. 11. In add,t~o:: to ~he forego n9 moroh!y payments of pri~c paI and inferesr requ~red by the prom~ssery no!e secured Fk reo~, morigagar covenants ~~d agrees to pay to mo-tgagee v~nh each month!y pay:~ent an add:uonal sum csun:ared 6y mortg~gee to be equal to l.' 12 0{ the annual cost of the follow- j A-Alt real property taxrs levied or assessed agz~•:st the above described real esrate. B--Prenuu~ns on f~re and wirtdstonn ~nsurarce as herc~n reqv~red to be carr~ed on the Improveme~ts s:tuate on the above d=scribed premises. i C-Prem~ums on such mortgage guaranty ir.w~ar.ce as mo:tgagee shail fro-r tme to t~me deem fit to carry on the loan sewred hereby. ~ Mortgagee sha:l from nme to t~me notify morigago~ m w.~t;ng of the amovot due and payaole hereundar and such su:n shafl thereupon be due and ~ ; r{able on the d~e date of ~h= next month:y payment and eacfi successive mor:tn thereait_r ~r:til morlgagee shall notify mortgagor of a thange in such t ount. $uch sums s6a;l be app;ied by morigag•~e tcwa:d the payment of real preperty taxes, insurante prem;ums, a~xl mortgage guaraMy insurante ~ c•emiums. IN \SIITNE55 V~HEREOF, the said MORTGAGOR has hereunto set his ha~:d and seal the day a ~ear first aforeuid. ~ E Signed, Sealed and detivered in the presence of: ~ y ~i~~'~' t/ ~ ~ Irvin Scott +n ~ ' cSeat) ; - ? t5eal) 11dY $CO (Seal) ~ ~ 5'ATE OF FLORIDA ~ ~ St . Lucie ~ c~uv1Y oF I ~ Before me personally appeared IIVlfl SCOL t end ~ ~1aY Y rJCO L t his wiie, to me weli known and known fo me to be ~ the individuats desuibed in and who executed the Eoregoing instrument, and ackreowiedged befwe me that they e:ecuted the same for the purposes ? ~ therein expressed. And the sa~d- ~ia2}? SCOtL ~ _ +:+fe of the said Irvin $COtt . upon a separate and privste s e.amtnation by me taken separate and apart from her said husband, acknawledged to and befwe me that she executed sad instrument freely artd volun- ~ ra~~Iy and w~rhout any campulsion, consrraint, appreheni: n'w fear of w from her said husband. ~ ~ WITNESS my hand and officual seal this- day of + rCh A. D. 14 72 v ; Notary Public in and {or the Stat of Fbr' a a~ lugi ' My Comm~ssion expires: ~~j+J ~ r; Retum To: ' ~F .\3.,~~~..~. ~ , ''~i•. =i first Federal Savings 3 loan Association '`s Qf Fo+t P e~ce. • ~ r•.'• fort Pierce, Flortda , ~ ~ - ~ ~ - fIIED ANO RECORQED ~ ~ , : :T. LUCIE COUMtY FLA. ' s _ ~ ROCER F"viTRA$ : . _ _ CIERK e"?:~CUIZ COURT ~ - - ~ RECORO VEPIFiEO-.~- ~ ' ~ This Instrumenf Prepared By John W. Collins ! First Federal Savings $ Loan Association - x of Fort Pierce , Florida 1'111~ ~0 f I os AH ~ '-j 1 ~ Checked By 2258~2 r ~ s°oaK eacE1$~ - ~ ~k ~ ~ - --T------ - - ~r . a.~.~~aw , , ~ - ~ `"°A ~~~'~~`.r~"~?~2s~ . ~-~_._~.z.,.. . . . . . - _e-r.'`. ; ' " ~