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Home My WebLink About0743 ~ To pl~c~ ~nd continuously keep o~ th~ bui!dinps now w h~rtaftN utvaN on ~aid land u~d on ~11 equiprnent and perwn+lly cova~d by Ihis mor . q~. wi~h ~II pr~miwns ~htr~on p+~d in fuli, fir~ inzu~anc~ in th~ ufwl ua~dud poticy fam, in ~ zum ~pp~ov~d by ~M MORtG/1GEE. ~nd wintb~o ir+swanc~ In ~M uwal ~~+nda.d pol~qr fam, ii+ ~ wen +pp?oved by tM MORTGAGEE. In ~vch comp~nY a compa^~K ~s ~h~ ?~AORTGAGEE m dihctJ and ~tl iin and winibrorm i~wranu policisi o~ a?y of f~ld bNildi1101„ My Inlf~~~t tAHfir1 Of pi~l IF1t~f01, in tM app.e9a~e ~um ~fw~said In ~xcess Iheraof, shail ~ix+tain tns uswi s~anoard maiy~i ciiuii ~r s~: ~ v ~.-r .~:~~u ~ ~ ~sy:~ : as i~y-::II. :a+d ee ci~s. ~ach and ~wry. paYable ro s+id MORTGAGEE a iti in~erest may ~pp~ar. M+d sach •and eve.y iuch pol~cy ~MII b~ prompNy us.pncd and delivKed ~ any h~ld by said MORTGAGEE fu~~her secvrity ro said mor~9+q~ d~b~, and. not I~ss tMn t~n (10) days in advance of ~i+~ expiration of aach policy, ~o d~ liwt to ~aid MORTGAGEE a~enewal therwf, toqetMr with a reteipt tor 1he pnm~v+e o1 ~uch rMtwal; and ther~ shall lo~ no f'u~ a windstwm ie~wraerc plaad on any of said buildinps. u?y interest tha~in or pul tMreof, ve+leu in d+~ fwm ~nd wi~h tFw toss payabl~ as afa~saids a~d i~ ~M •vent a~y sun of mon~y becon~s payaWt und~r such potity or policies said AAORiCsAGEE thall hsw tM option ro receive and ~pply tM same on account of the indebted neu secured F~sby a 1o permit iaid MORTGAGORS ro reteiv~ a+~d us~ it or any part lhereoi la othcr purposes, without Ihrrb~ waivi~~ w~mpai~~ inp ~~y p~~y, lien or right under w by virtw of this mortyape; and i~ tM event s+id MORTGAGORS ihall fw ~ny reas~n ~ai) to keep tM ssid premises w insured, a fail to deliver promptly any of iaid polities of inwr~nc~ to said MORTGAGEE, a fail promptly fo pay fully any premium therefw w in anY respect fail to pafwm, dlxharge, e:ecuts, effect, compkte, comply with u~d ~bids by this cover?ant, w any part 1?ereof, said MORTGAGEE may place and paY fw tuch inwrance o~ ~ny part thereof without waivirg w ~ffectU+p any optiwi, li~n, equity. o+ right under w by vi.tw of this Mort~aye. and the full smo~nt of e~ch and every such payment :h~ll be immediately du~ and p~yabl~ u+d sMll bear i~terest from tM dat~ the?eof until paid at tF+~ ra» of nine pe~ csntum per. annum and together wifh svch i~teres~ shall be secured by ths lien oi this mortp+ge. 1. To permit, commit ot wffer no waste, knp+irment or deterior~tion of said property or ~ny p+rt thereof. ~ S. To pay sll s~d unaulu the coats, charges ~nd eapensea, inctudinp ~ reasonabk attwney's fee and costs of abstracts of title, incurred a paid at e~~y time uy said 1KvitiCaAGEE, because or in t:se event of the failure on t!ss vf ~ E: S',^4?fz!!C-~R ~•!Y, ~^^~~'~Y ~^d f~lly p..fonn, dischsrqe execute, effect, complete, comply w~th and abtde by exh and every the itip~lations, agreements, conditiw+s. +~d covena^ts of said promissory note a?x! this mortgsge any w either. ~nd said costs, charges and expenses, each end every, sMll be immediately dve and payable: whether a oot there be notice dr mand, attempt ro mlkct or suit pendings and the full amount of each ar+d every such psyme~t ihsll b~s? interest from the dat~ thereof u~?til p~id +t the rate of nine per tentum per annum; and all said costs, chargq and expenses incurred w paid, together with s~th interest, ihall be secured by the lien of thii mort~age. ' b. Thst (s) in the eveet of sny bresch of this llAortgaga or defwlt on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of money herein re(erred to be not prompl~y and fully paid within thirty (30) days next after 1he same severally become due and payable, without d~mand w notite. or (y in the evem each and every the stipufations, agreements, conditiw~s and covenants of sa~d promiuory note and th~s mortgage any a either are no1 iuly, prompNy and fully performed, d~xharged, executed, effected, completed, complied with and ati~ded by, then in either or a~y iuch eveM Ihe ssid ag g~egate wm mentioned in said promiuory note then ~emaini~g u~paid, with interesl acaued, and all moneys secured hereby, shall become due snd pay- abte forthwitFy Of ~Fk!fNffN, at the option of said MORTGAGEE, as fuliy and completely as ii sll of the said wma of mo~ey were aginally stipulated to be paid a~ such day, anything io said promiuory note or in Ihis Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit al law or in equity, there(ore or thereafter beg~n, may be prosetuted as if all moneys tstured hereby had matured prior to its institutan. 7. That in the event that at the beginnirg of or at any time pending any suit upon this AAortgage, w to fwetlose it, ot to reform it, a to enfwce paymenl of ~ny claims hereunder, said MORTGAGEE shall apply to the Court f~aving jurisdiction thereoi fo~ the appointment of a Receiva, sucH CouA.shatl forthwith appoinf a receiver of said mortgaged property all and singular, includmg alt and singulsr tM incorne, profits, issues ar~d revenues from whatever source derived, eacF? and every of whrch, it bein9 expressly understood, is F+ereby mortgaged as if specifiwlly set forth and described in tl+e g~anting and j habendum clavses hereof, and such Receiver shall h~ve all the broad and eifective funcfions snd powers in ~nywise entrusted by a Covrt fo a Reteiver, and ~ wch appoiNment shall be made by such Court as an admitted eq~ity and a matter of absoiute rigi~t to said IVi~~jvtiGEE, an3 wiiiwui teiecerr~e ia iiia ~ adequacy or inadeqwcy of the value ot the ~operty mortg~ged w to the soivency or insolvency of said MORTGAGOR qr the defendann, and that such , ren~s, profin, income, iu~xs +nd rovenucs sFwll be applied by such Receiver accwding to the lien ot equity of said MORTGAGEE snd the practice of such j CouA. . ~ E 6. To duly, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and every the stipulations, sgreements, conditiona and coven~nts in said promiuory note and this mortgage set fotth. 9. That in the event the ownenhip of tF+e mortgaged premises, w any part ihereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, in successors and auigns, may, without notice to the MORTGAOR, deal with such sutcessw or successor in interest with referente to this mo~tgage and tlx debt hereby secured i~ the same manner u with Mortgagw without in any way viliating a discharging the Mortgagors' liability here- under w upon the debt hereby secured. No sale of the premises hereby mwtgaged and no forbearante on the part of the MORTGAGEE w its suaessors or assigns and no extension of the time fw the paymem of the debt hereby secu~ed given by the MORTGAGEE oc its wctessors a auigns, s~tiall operate to release, dixharge, modify change or affect 1Fx orginal liability of the AhORTGAGOR herein, either in whok or in put. 10. M is specifically agreed that time is of the euence of this contract and thst no waiver of any obligation hereunder or oi the obligaYan se- cured 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"pa) and interest required by the promissory nore secured hereby, morigagor covenants and agrees to pa~ to mortgagee with each monthFy payrnent an add~~ional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: • A-All real property taxes levied w assessed against the above deuribed real estate. 8-Premiums o~ fire and windstorm insurance as herein requ~red to be carriad on the improveme~ts situate on the above desaibed premises.. C-Premiums on such mortgage guaranty insurarce as mortgagee shall from time to time deem fit to carry ori the ban set~red hereby. Mortgagee shail from time to time notify mortgagor in writing of the amourit due and payable hereunder and such sum shall thereupon be due and i FayaWe on the due date of t}ie next monthly payment and eath successive month thereafter ur.til mottgagee shall notify mortgaga of a change in suth ~ amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem~ums, and mortgage guaranty insurance E premiurtK. i IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a year firsf aforesaid. ~ C:r~..ae1, S~alur~ rnel elsliv,.rnfl :r~ tF~s Qresenee ofv ~ 4 I ~ ~ rnes rims ey n , ~ ~ _ rims ey ~~n STATE QF FLORIDA ~ ~ St. Lucie couNnr oF Before me personally appeared Ernest T. Grimsley Raehel Gr-imsley his wife, to me well knawn s~d known to me to bs the individuals described in and who executed the foreyang instrument, ~nd adcnowkdged before me that they executed the same fw tl~e purposes therein expressed. And the ss'~ Rachel Grimslev wife of the ~~a ~ Ernest T. GZ1IDS1@y ~pp~ ~ ~eparate and privst~ examinaYan by me taken separate and apaA from her said husband, aduwwledged to and before me that she exetuted s+id instrvment freely and volv~r f rarily and without any compulsan, constraint, apprehernio/n~, ~w e~ar of a from her aid husbsnd. c WITNE55 my hand and official seal this ~(L- day of A ril p. 19 72 ~ ~ Noury Publ'~c in and for t Stat of Florida at larp~ My Commissiw~ e~cpires: - f/,n~~S = Retum Ta . • • Fi~sf Fede~d Savingt d. Loan Association Q~ ~~~.::;Y~'V ' yj Of Fort Pierce. ~ ' ' = ~ ~ ~ t. _ fort Pierce. Flwida (,UC~E CO~IM~ ~ ~ ~ i ~ ~ ~ ROCER PO{TRAS ~ = c~ ; . ~ ' s • _ CIEaK CIACUIT C01l11~`~ _ • . E- ' ~ ; = • IIECORD YERlFIEO......~.~+..• , ~ ; , p ~ ; _ ~ This Instrument Prepared By Richa=d K. Kayes ;~.ri-~-.Q- ; ' First Federal Savings ~ loan Association ~ _ ~O ~ ~ ~at ~1 ~G~ ; ' . of Fort Pierce ~ RlOrida 5~~~'..^~~~ ch~k~ s,, 22'7195 . o = ~ ~ ~ - - - - - ; : - r~ , ~ ~