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Home My WebLink About0006 io pl~c~ ~nd continuously ke~p on ~M bu~'d~nqs no~r a l+~~eaiter utu~t~ on ~aid Isnd and on ali equipmem aod pNwnally cova~d by U~i~ ew~ p~. with •II prtmium~ Ihereon pa,d in lull, f~re insur~nt~ m ~Mr ~w~i 11~IyJ~J yu;h~ :wr~. i.i i i~~ :.rr::..:d ~i :h:. :!.^.4•GAGsf. 3+'~ ~+"'.1s~o ~n~uranc~ in ~M ~swl ~~anda~d poLCy fam, i~ • ~~m app.oved by rM MORTGAGEE. in fuch company a compan,K ~t ~he MORiGAGEE ~n d~~ect; ~nd all fir~ and w~nds~o~m iniur~nc~ poliue~ o~ +ny of sa~d bu~id~nqs, any inta«i1 1h~rein o~ pa~t thereof, i~ iM p~re9+re w~n afwesaid In ~:ce+~ ~he.eol, ~AaU conuie tF+~ u?ual i~andard ma~ga~e~ c~~use w such o~he. d•use ~i ~M Ma~qags~ may rcqu~r~, malinp tM lou u~de~ u~d po ue~. eacA ~nd ~very. paYabl~ ro u~d MORTGAGEE as ~n :roar.~~ may ~ppear, ~nd cach ~nd ere~y such pu :c/ ~MU be pra*~p~1y ~~s 9nrd and d~~~veaed ~ •ny heW by said MORIGAGEE as fur~ht~ scturity ~o s~+d mort9afl~ debt, a~~d, not leu 1Mn ten (10) days in advance o( the eap~~a~~a? of eath polity, to d I~ve~ to said MORTGAGEE a r~newal thereof, to~aF~ wi~h a rece~pt for ~he premlum oi ~uch ~enewal; a~d tlure shall be no Gre or windsto~m insuranc pl~ced on any of ~aid buildinpt, any interei~ tixrein w pait thereof, umess i~ the (o~m and wiih ~ht lost payable at a(wei~id; a~d in 1he event any tun o) money becomes payable ~ndN wch polity or polKies said MORTGAGEE ahall have ~he opi~on ~o rcc.:ive and apply the same on account of the indeb~ed neu secured I~eroby O~ to permit said MORTGAGORS to recrive and use il p any pa~t thercol for otixr purE~oses, wlihout th-rro~ waivi,~~ o~ ~~n{w~~~ ing any eq~ify. IiM or ~iflht under a by v'ulw of lhii mo::yaqe; and in the event said MORTGAGORS shall fw any reason tail to keep the said premisrs so insured, ot fail lo de~iver promplly ~ny oi said po~rcies of i~surance to said MORiGAGEE, w fail promptly to p~y lully ~ny pre~n~um ~he~etw a i~ anY respect tail to per(orm, discharge, eaecute, etFett, complete, ca~nply with and abide by ~his cove~an~, w any part hereof, said MORTGAGEE may place and pay fa suth inwrance ot s~y part thercof without waiving w af(ecling any option, lien, equ~ty, w right undea or by virtue of this Mortysge, and the full amount of ~ach a~d every such payment shall be immediately due and payable and shall bea. interest irom If+e date thereof ~~til paid at tM rate ol nine pet ce~tum pe~ annum and to~ethe~ with such interest shali be stcured by the lien of this mort9age. . 4. To permit, tommit ot wffe~ no waste, impairment or deterio?ation of said p?opetty w any pa~t thereof. S. To pay all and singulu the costs, cbarges and expenses, including a reasonable attwney's fee and costs of abstreds of title, incurred w paid at any time by said MORTGAG:E, because or in the event of the failure on the parf of the said MORTGAGOR to duty, promptly usd fully perform, d~uharge execute, etfect, comptete, comply w~th and ab:de by each and eve~y ~he supula~~ons, sgreements, conditions, and covenants af said promissory note and thi~ mwtgage any w either, and said costs, charges and expenaes, each and every, shalt be immediately due and payable; whether a not there be notice de mand, attempt to collect w suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid at the ~ate of nine per centum per annum; and all said costs, charges end expenses inturred w paid, together w~th such interest, shall be secured by the I~en of thii mortgage. 6. Tnat (a) in the event of any breach of Ihis Nbrtgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herei~ refeared to be not promptly ai?d fully paid within th~rty (30) days nex~ att~:r the same severatly betome due and payabte, without demand or notite, or (c) in the event each aod every the stipulations, agreements, cond~tions and covenants of ss:d promissary note and ~h~s mwtgage any or either are nol ~uly, promptly and tully performed, d~scharged, executed, effected, completec+, compl~ed with and abided Sy, then in e~ther or any such event the said ag ~ gregate wm mentianed in said promisswy note then remain~ng unpaid, with interest accr~ed, and all moneys setured hereby, shall become due and pay- abk fathwith, or thereafter, at the option of said MORTGAGEE, as fully arc! ca»pletely as if all of the said sums of money were wginally st~pulated ro be paid on such day, anythiny in sa~d promissory note or in this Mortgage to the contrary notwithstand~ng; and thereupon or thereafter at the option of said MORTGAGEE, without notice w demand, suit at law w in equity, therefwe w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnor fo its institution. 7. That in the event that at tbe `bdgiNning of or at any time pending any suit upon this Mortgage, o~ to fweclose it, or to refwm it, or to e+iforce payment of any claims hereu~der, said MORTGAGEE shall apply to ihe Gourt having jurisdic~ion thereof for the appointment of a Receiver, such Court shall Fcrrhvrith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenves f~om whatever source derived, each and every of wh~ch, it being expressly understood, is hereby morfgaged as if spec~iicaliy set forth and described in the g~anting and habendum clauses he?eof, and such Receiver shall have all the broad and efiecrive funcnons and powers in anywise entrusted by a Court fo a Reteiver, and s~ch appointment shall be made by such Court as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and without refeience to the adequaty or inadequaty ot the value of the property mwtgaged or lo the soivency or i~solverxy of said MORTGAGOR or the defendants, and that such rents, profits, income, iuues and revenues shalt be applied by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, p~omptly and fully perfwm, d~scharge, execute, effect, complete, comply with and abide by each a~d every the stipvlations, agreements, conditions and covenanfs in sa~d promissory note and this mortgage set forth. ~ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its succeuws and ass~gns, may, w~~hout no~ice to the MORiGAOR, deal with such succeuw o~ successar in interest with reference to this mortgage ar.d the debt hereby secured in the same manner as with Mortgagor without in any way vitiating' a diuharging the Nbrtgagors' liability herr under p upw~ the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its suctessors or assigns and no ex~ension of the time for the payment of the debt hereby secured 9iven by the MORTGAGEE or its successors w auigns, siiall operate ro release, discharge, modify change or affect the original liability of the MORiGAGOR herein, either in whole or in part. 10. It is spec7fically agreed that time is of the essence of fhis contract and that no waiver of any obligat~on hereunder a of the obligaYan sr c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumem secured herby. 11. In addition to the fwego:ng monthly payments of princ"pal and interest required by the promissory note secur¢d hereby, mortgagor covenants and agrees to pay to mortgagee w~th each monthly payrnent an add~rional sum estineared by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ~~~y: A-All real property taxes leiied or assessed agai~st thc above described real estate. B-Premiums on fire and windstorm insurar:c~ as hercin requ~red to be carried on the improveme~ts situate on :he above described premises. 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. ~'i JNortgagee shall from time to time notify mortgagor in writ~ng of the amovnt due and payable hereundrr and such sum shall thereupon be due and ~ Fsyable on the due date of the next monthly paymem and eacn successive month thereaiter ur.til mortgagee shall notify mortgagor of a charge in svch amoun?. Such sums shatl be apptied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~xJ mortgage guaranfy irtsurance j p~emiums. ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seat the day and yea first afwesaid. Signed, Sealed i ed in the presence of: an ~ ~ ~ ~ cs~ao E ~a~ STA1E Of FLORIDA - ~ St. Lucie couNn oF Harve k'. Ratzow Before me persorwlly appeared a~ ~13210i1 I.• RBtZOW his wife, to me well known and known fo me to be rhe individuals described in and who executed the forega ensttument, and~~ww ledged before me that they executed the same fw the p~rposts therein exprcssed. And the said 1"~Iarion j.. KaZZ011i Hazve W. Ratzow wife of the said upon a separafe and priwte examination by me taken separate and apaA from her said husband, atkrawtedged to and before me that she ezecuted said instrument freely and volun- rarily and without any compulsion, co~straint, spprehension,,Q~ fear of or from her said husband. ~ WITNESS my hand and official seal thii l~/~- day of ~`rCh A. D. 19 72 k t ~ Notary P K in snd fw the tate of Florida st large ~ My ~uioi, eapires: ~ 9 7 s'" Return To: ~ ~~7 ~ First Federal Savings 3 loan Associatioo NOTARY PUBLIC STATE OF FLORIDII /'T 1 A~ ~ MY COf~IMISSION D(PIRES AUG. 6. 1915 Of fort P~erce. ~;v:+~ ~ . ' _ . . ~ . GENERJLL INSt1RANCE UNDERWRITERS. ~NC. Fort Pierce, Florida ! • - i ~ ' ; ~-w FILED ~tNO RECQ~Q~~ ~ ,'~Z'' ~ . ° ' -~y' ST. LIICIE COYMTY IIA. : ~ . ~s IlOC~R POITRA= ~ This Instrument Prepared By ~n. fi. Bra p<,1 ~EpK C{RC8lT COW~f Q First Federal Savings 8 Loan Association ~ I ? C; RECORD YEF.IFIEd.~~.i ~ ~ of Fort Pierce, Florida ~ Otc; . t, ; ~ ~ 15 ~'7Z } Checked By~- ~~r~'}k'u~ ~ ~ eoox 20~ 6 zzss~4 ; ~ ~ ~ _ _ _ - ~ ~ F'-' .:t^ j' ~ - ~ .s~ ~ s.,. ~~t~"~-"~x„~.:_ . y