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Home My WebLink About1805 ~ To place and contin~ous~y keep o~ the bu~ d~n9s now o~ he~eahrr a~t~ate on safd land and an aL' equtpment a~d personaily covered by th~s mo~ ega, w~th all pra»~ums thereon pa~d ;n f~ll, f~re ins~roncr ~n me usual stondnr~ ~~cy lorm, in a s~m aFproved by ~he MOR~vAGEE, and w~ndsto Insurante in the usual franda~d pol.cy form, in a s~n a~:pio~ed 6y the MOkiGAGEE, in tuch tanpany or co~npanie~ as the MORTGAGEE ~ d~recl; and aU ('ue and w~ndstorm insurance po!~c~~s on any of sa~d twild•~gs, any interest theie~n or part thereof, in the aggrzgaro svm aforesaid in excess thereof, shail :ontain the uwal standard mortg3gee uause or wch other tlause as Ihe Mortgagee may requ~ro, mak~ng the ~oss under sa~d po c~es, each and every, payab'e ro sa~d A1pRTG.4GEE as ~ts ini~r,~st maY appea~, and eacn and evcry such po~~cy s~ail be promptty ass gnrd and dal~vared ~ any held by said MOR(GAGEE as furrher srcurity to said n.ongaye detx, ar.d, no~ ~ess than trn (101 days in ad:ance of the expuat~on o~ each pol~cy, to d~ I~ver to u~d MQRTGAGEE a renewal thereof, togethar wi~h a~ecr~pt lor the prCm~um of such re~~ewal; and there sha;l be no Lre or windsiam ir,surant plued on any of said b~i!d~ngs, any interest therem w pa~t thereof, un;css in the form and wnh the Iwa payab!e as aforesaid; and in the eveN any sun of money becomes payabte under such poliq or pofues said A10RiGAGEE shall have rhe oNt~on to receivz and apply the sa~ne on accou~~~ oi Ihe indabted nens setured he~eby w to permlt sa~d IAORTGAGORS /o rece~ve and use it or any part thrreol fo~ ori,rr i:urE~oscs. ~•.~~hout thr. i~i w.~~~ ~g c~ ~~>>P~~' Sng any equ~ty, lien a riyh~ under w by virtue of this mor'gege; and in the event sa,d MORTf;~AGORS shall for any reason fail to keep the said prem~ses so inwred, or fail to deGver promptly any of said poLcies of ir~su~ance to sa:d MORTGAGEE, or faJ p:ompNy to pay fu11y any premiurn therefor or in a~y ~rspeU fail to perfam, discharye, exrcute, effecl, canplera, comply wirh and ab~da by this covenaN, or any part ha~eof, sa~d MGRiGAGEE may piace a~~a pay fw auch inw~ance or any part thereof w~thout waiving w affecting any opnon, lien, equ:ty, or r~gh~ under w by vir?ue of this hlo~tgage, and the full amovm of each and every such paymem shall be immediatety due and payable and shaii brar interest from tha date thereof un~il paid a1 the rate ot n,ne per cenWm per annum and to~ether w~1h such intrr~st shai~ be s~-t~red by the lien of this mortgaqe. ~ 1. ~o permit, commit or sufier no waste, impairment w deterioration of said property w any part thereof. S. To pay a~l and s~ngular the costs, charges a~~d eapenses, includ~ng a reasonable atrwney's fee and costs of abstracts of title, incurred or paid at ~ny time by said AItORTGAG.E, because or in the event of the fa<iurr on the part of ~he sa~d MORTGAGOR to duly, promptly and fu11y perform, d~scharge. sxecute, effett, complete, comply wrth and ab:de by each and every the st~pula~~ons, ag~eernents, condinons, and covenants of sa~d prornissory note and this „orrgage any or e~~her, and sa:d costs, charges and eapenses, each and every, shall be immediately due and payable; whether or r.ot there be no~~ce dr ciand, attempt to cotlett or suit pend~ng; and the {uC amo~m of each and evcry such payment sha~l bear interest from the date thereof umil paid at the ,,,rc oi n~ne per centum per amw:n; and ali sa~d cous, charges and ex;;enses ~rxurred o~ paid, together w~th such interest, shall be secured by the fien of this mortgage. 6. That (a) in the event of ariy breach of this Mortgage or defaull on t1~ part of the MORTGAGOR, or ;b) in the event any of sa;d sums of money herein referred to be not prc~nprly a~~d f~tly paid with~n th~~ry ~30) daY: nea~ a~~~~ the s~me severa:ly beca~~e due and payable, without demand or not~ce, or (c) in the eveM each and every the stip~Iarions, agreements, cerid.rions and covenants of sa d promissory note and thn mortgage any or eiiher are not ~u!y, promptly and fully performed, d:schar~ed, executed, e+fected, completed, compk~ed v.eth ar,d ab~ded 5y, then in either or any such event the sa;d ag- y~egate sum mentioned in said prom;ssory note then remaining ur~pa;d, wi~h inrere>i accrued, and alf moneys secured hereby, shall become due and pay- eo.e forthwith, o~ thereaftcr, at the opnon of seid AlORTGAGEE, as t~lly a~d comple1ely as if all of ~he said s~ms of money were or~ginaily st~pu+ated o be pa~d on such day, anything in sa:d pran~ssory note or in th~s Mortgage to the conrrary notw~~hstar.d~ng; and thereupon or thereafter at ~he opt~on of s:.d MORTGAGEE, w~thout nonce or demand, su+t at faw or in equ~ty, thereEore or thereaffer begun, may be prosecuted as if all moneys secured hereby r.,d matured pnw to its imtitution_ 7. Thar in the event that at the beginn7ng of or at any fime panding any su~t upon this Mortgage, o~ to fweclose it, or to ~eform il, or to enforte ~-aymenf of any claims hereu~der, said MORTGAGEE shatl apply to the Cou~~ having ~unsd.ction thereot for the appo~ntment of a Receiver, such Cour1 shall rc~!hwith appoint a receiver of sa~d mortgaged property all and sinc~u:ar, includ•ng ail and singuim the +ncome, profAS, issues and revenues irom whatever s~ ur~e derived, each ar.d every of wh~ch, rt being expreis!y undersrood, is hereby morrgaged as if spet~fically set forth a~d dcur~bed in the granting and h~i~ndum clauses hereof, and such Recei~er shall have all the broad and effect~re fun~!.ons and powers in anyw~se entrusted by a Court to a Receiver, and s: ch appointment shall be made by such Court as ar. admittrd equity and a matter of a6soiute r~gM ro sald MORTGAGEE, a~d withou~ reference to the adequaty w inadequacy of the val~e of the property mortgaged or to the so.vcncy or mso~vency of said MORiGAGOR or the defendants, and that such rc~~s, profits, incane, issues and reven~es shail be appi~ed by such Receiver accord~ng to the lien or equity oi said MORTGAGEE and the practice of such Court. 8. To duty, promptty and fully pe~form, d~scharge, execute, effect, compkte, cor.,ply wlth and abide by each and eve?y the stipulations, agreements, conditions and eovenants in sa~d promisso~y r.o'e and this m~rfgage set forth. 9_ 7hat in the event the ownersh~p oF the mortgaged prenuses, or any part theraof, becomes vested in a person olher than the MORTGAGOR, the .•^vRTGAGEE, its successors and ass~gr.s, may, w~rho~~ noffce to fhe ~Y.ORTGAOR, deal w~th such svcressor w successor in interest with reference to this n~o•rgage and the debt hereby secored in the same manner as vv~fh ;AorTgagor w~~hout in any way vit:ating w d~scha~g~ng the Mortgaqori liability here- ~ nder w upon the debt hereby secured. No sale of the Frem~ses hereby mo~tgaged and ne torbearance on the part of the MORTGAGEE or its wccessors er ass~gns and no extension of the time ior the payment of the debf h~.eby secured given by the J'AORTGAGEE o~ its s~ccessors or ass:gns, s1~a11 operate ro release, d~scharge, modify change or affect the orig;nai liab,l~ty oi the I.tORiGAGOR here~n, either in whole or in part. 10. It is spec~fically ag~eed that t]me is of the essence of this conrracr and that no waiver of any obligation hereunder or of the obligation se- c~red hereby shaii at any time thereafter be heSd to be a waiver of the terms hereof or of the instrument secured herby. I1. In aod.no~ to the forego~~ig monthly payments of p~i:u pal and ~nterest reyu~red by the prom'ssory no!e secured hereby, mortgagor covenants +r,d agr_es to pay to mortga9ee with eacfi monrh:y pai~ ,ent an add~rio~al sum ~st n,ared by mortgagee to be equal to l;' 12 of the annual cost of the foflow- ~ i A-All real property taxas levied or assess_•d ag.~i•.st th;- above describcd r~al estate. B-Premi~ms on fire and windstorm insuracce as herein requ~red to be carried on the improveme~ts situate on the above described premises. ; C-Premiums on wch mortgage g~araniy insura~.ce as mortgagee shail from ~ me to ti~ne deem fit to carry on the loan sec~red Fereby. ; Mortga~ee sha:! frort, t~me to t[me notif; mo±tyagcr ~n wrinng of the a~;:ou~t due ar.d payable hereundrr and suth wrn shail theteupon be due and ,~;able on the due date of ~he next month:f payment and each successive month thereafrer uctii mortgagee shall rtotify mortgagot of a change in such ~ o~M. Such sums sF.a;f be appiied by mortgag_e towa~d the payment of real property taxes, inwrartce prem;ums, a~id mortgage aranty insurance i r•e,niums. ! IN Y~ITNESS WNEREOF, the said MORTGAGOR has hereunto set his ha~:d and seal fhe day and yea v for aid~'~" ! i ned, Sealed and del' ered in the presence of: • a 8~ ~ as V. lor (Seaq ` . - t5ea1) i Mabe 1 R. Ta lor (SeaQ ~ ~ ~ S7ATE OF FLORIDA ~ St_ Lucie ~ ~ ~UNTY OF 1 ~ Before me personally appeared ~uglaS H. Taylor a~ s ~18be1 R. Taylor _ h;: wife, to me well krpw~.and known to me to be Y - ~ !he individuais described in and who executed the foregoing instrument, and acknow~edged before me that they exetvfec~.ths.serne for ihe purposes ~ rherein expresxd. And the said ~'~bel R. Taylor ~ F: J:~fe of the said -~ugla?5 N. Taylor upon a separats,~~fd private e.amination by me taken separate and apart from her said husband, acknowledged to and before me that she executtd,•sa`d,instrument frelly-_and voluo- ? tar~ly and without any compulsion, constraint, apprehension or iear of or (rem her said husband. ~ _ 3 M rch 72 : WITNESS my hand a~d official seal this__~~~11.- day of . I~ 19 . , . _ . Notary Public in artd f0~ t11!'~j~ q'f. f~ ~J~.~`tge t My Commission expire;: ` ' Retum To: n~~p ~of FLORlDAatIARGE 3 First federal Savings 6 toan Assouat~on MY ~~~CW~~~~"l~XPIRES SEPT. 25. 1975 Of Fo.f P.E:cP ' n Ban~ers Inwrance ..o. 't Fort Pierce. Fiorid~ ~ - fI~EO Ah~ RECORDED St. LUC~= ~~~~tY FLA. = POG_~ ~ ::IT~AS ~~~~K ;,,~.LuiT GOUR C - This fnstrument Prepared By John Coll ins p f~~q^ vE''f ~F4 First Federal Savings & Loan Association i f_ of Fort Pierce ~ F lor i da MAR 20 Q$ ~ =~5 Checked By ~ 2,`~,,rj8`~4 h ~ ro~K20~ pa~f1804 - ~ ~ ~ ~ _ . _ , - - - . . _ - - ~ _ ` ` _ 3 , ~ ~ ~ . _ . . , ~