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Home My WebLink About2505 . ~ ' ~ To p.~ae •~+d co~+~~~.,tw?:~ ?ew on ~t,e bu, d•e~yf no« a M»~1~t~ ?~w~q on u.d ~~nd ~~d on i!: ~ q„~,:,mm •~d p~rw/+a11y co~e~ed bY ~hi~ en~w wn1~ •U p~~n,.,,n~s ~he~~on ~.a d:~ t~:l, I.re c~:~„~~nce ~n ri.t ~twl u..da~d No,K~ lo~.n, ~n • i.:m ary'u.~d b~ tl.t MOIi~vAt3[E. •~~d w~~.c1~~u ~?wanc~ ~n ~M v~wl va~nf+,d ~w~ cy lo~~n. 1n •?~m ~F~~o.ed ~M HF~RTGAGtE. ie avcl~ ca.~yanY o~ cw~,~>amM N tM MORtGAGEE m d~rect; ~nd •11 hr• a.d M~x!?wrm ~~w+~•« po~K~c~ on ~ny ol ~a~d kw~~d.nqs, ~ay iMN~N t?~ave~~ o~ p~rr ~A.reof, ~n eh~ pq.cp~+e w•n dweu~d tacess Mereof. ~hslf con~.~n eM uwa~ s~~,+ilsrd ma~fl~9ay cia~N a~vcA o~lw cl~w~ ~a t1» lNw~q~ye~ m~Y ~eq~.r~. m~?~rq u~e ,os~ wxi~~ ~a~d po c~e~. e~ch ~r,d evHy. p~rap'e ~o u~d ntJRIGAGEE a1 ~h ~n~eres~ m~y app~ar, ~nd each and e.ery tucA po .cy ~hall Ix prw„y~~~ ~i~ p~~rd a~~d debver~d held by s~•d MORtGAGEf ~s /vrihe~ sec~r~t~ ro u~d r.~we~aq~ deb+, and, r+o? le~s ~han ~en (10) dar• ad.a~x~ o~ ~he •apu~~an of each porcy, to d. ~~~er t0 u~d MORIGAGEE a ie~cav~ the~eol, ~ope~hN w~th a rete~p~ Iw tfie prtm~vin o1 tuch re~r«a+; •~~d ~~ere ~hail be no f.re o~ w~~~d~~am inwr~nc pl~ced en ~ny of ~~~d bv~id~ngs. any ;m~ro~~ therem or part tlxreof, unic~s i~ ~h~ lorm u,d w~rh tM ~oss paysble as alo.su~d: and :n tl+e •.em a~y wn ol nwr~y becornas pi~~bte under s~.ch poncy p pol~c~es ta~d MORiGAGEE sfiall Mve th~ op~~on ~o .ecr~YC a~~d app•y ~he sa~ne on acc~u~~~ ol the i~~b~rd neu secur~ hereby a ro permn sa~J ?dORTGAGORS ~o receiw and ufe il a•ny part ~he,eol to~ o;n~:r Hu~, eses. v.~~ho.;t th ur c• nnpw~ ~ng any equ~ty, i~en o~ ~~yht ur+der w by virtw o1 thi~ mprtyaQe; ~nd in tM tv~nt sa~d MORiGAGURS shall ta any reason iail to krep the sa~d p~emi~rs w ~~sv.ed, o? fail ro defiver pranptly any of sa~d poi,ues ol insv~ance to sa~d MORIGAGEE, a fo~! promptly to pay fully a~y pr~~n~~m the~elw or in any ~espetl fail ro perfwm, d~scherge, eiecute, e((ect, tomptete. tompiy with and •bide by this covenant, a any prrt hareol, seid MORTGAGtE may p+ace ••~d pay Ip such insurente o~ any part thereof wnhoul w~ivinq a affectinp any option, li~n, equ,ty, w righ~ unde~ w by vi~tw of thi~ Mwt~a9e, and ~he 1~It amoum of each and e.~e.y such paymem ~hall be immed~~tely dve and p~y~ble ~nd shall bear imerest from the date lhereof uorit pa~d at the rats o~ ~~ne pet cenrum per annu+n and togrth~•r v~ith svch interest shali be secured by the liee~ of thif morty~ge, 1. To permit, commit a suffer no waste, imFairrt+ent o~ detc~aration of said property or any part thereof. 5. To pay all a~d singula~ the costs, cMrges and expenus, including a reaso~wbiE atianey i fee a~~d cosrs of absr~acts of title, incurred w paid at any time by said MORTGAGfE, becauu w in the evenl of the failure on the pa~t of the said MORTGAGOR 1o duly, promptly and fully p~rfpm, d~xha~ge. execute, eflea, complete, comply w~th and ab:de by each and every the sNpulanons, agrrements, cond~honi, and covena~?s o1 sa~d prom~snory note and ~h~~ mo~~gage any or e~ehe~, and sa~d cosri, chargcs and expenses, each and every, shall be immed~ately due and payable; whether w not fF~ere be no~~ce de r„and, attempf to cotlect o~ suit pend~ng; and the (ul! amovnt of each and eyery such payment sAall bear in~eres+ from the date thereof ~ntil paid at the ~.,re of n;ne per ce~t~m ~r annu:n; and aU said costs, charges and expenses incurred or paid, together wdh such interest, shall be secwed by the lien of this mOff9M~R. 6. That (s) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event sny of ssid sums of money herein referred to be not premptly and futly paid within thirfy (30) days next after the same severalty become due and payable, without demand or notice, or (c) io the evem each and every the stipu~ations, agreements, cond~tions and covenan~s of sa~d promissory note and rh~s mortgage any a either are not iuly, p~omptly and fully perlosmed, d~scharged, executed, elfected, completed, compl~ed with and ab~ded 5y, tFxn in eiiher o~ any such eveM the said ag gregate sum mentaned in said promisswy note then remaining unpaid, with interest accrued, and a11 mw~eys secured hereby, shall betome dve and pay- able forthwith, or thereafter, at the oprion of said MORT6AGEE, as fully and completely as if all of the said sums of money were aiginally st~pulated to be pa~d on such day, anything in sa:d prom~sswy note or in this Mwtgage to the contrary notwithsta~ding; and thereupon or thereaftr at the op?ion of sa~d MORTGAGEE, wiihout no~ice or demand, suit at law w in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured I~ereby nad matu~ed pnor to ~ts imtit~tioo, 7. That in the event that at the beginn~ng of or at any tirrK pending any suit upon this Mortgage, a to foreclose it, or to reform it, or to enforce payment of any claims hereu~der, said MORTGAGEE shal! apply to the Court having jurisd~ction thereof fw the appointment of s Receiver, such Covrt shall forthwith appoint a receive? oF said mongaged propertr all and singular, includ~ng all and singu~a~ the income, p~ofits, issues and revenues irom whatever seurce derived, each and every of wh~ch, it being expressly unde~steod, is he.eby mortgaged as if speuficaily set forth and described in the granting and na6endum tlauses hereof, and such Receiver ~shatl have alt the broad and eflective funct,ons and powers in anyw~se entrusted by a Covrt to s Receiver, and s:ch appointment shall be made by suth Court as an admitted equity and a matter of absolute r~ght to said MORTGAGEE, sr+d withou~ reference to the ad~quacy w inadequacy of the vatue of the property mortgaged or to the so~vency or insolve~cy ot said MORTGAGOR or the defendants, artd that such renrs, profits, incane, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Co~A. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, compiy with and abide by each and every the stiputations, agreements, conditions and covenants 'rn sa~d piomissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, o? any part thereof, becomes vested in a person other than the MORTGAGOR, the h'.ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successw w successw in interest with reference 1o fhis rr.ortgage and the debt hereby secured in the same manne~ as with Mungagpr without in any way vitiating or distharging the Mortgagpri liability here- unde~ or upon the debt hereby secvred. No sate of the premises hereby mortgaged and no forbearante on the part of Ihe MORTGAGEE or its successors ' or assigns and no eate~sion of the time for the payment of the debt hereby setured given by the ARORTGAGEE or its svccessas w auigns, a5a11 operate ro release, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It is specificatly agreed that time is of the essence of this contract a~d that no waiver of any obligat~o~ hereunder or of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~t;o~ to the forego ng monthty paym:nts of princ'pat and interest required by the promisso~y note setured hereby, mortgagor covenants and ag~ees to pay to mo:tgagee with each mo~thiy payrnent an add~rional sum estimated by mortgagee to be equal to 1~'12 of the annual cost of the follow- A-All real property taxrs levied or assessed agai~st the above described reai estate. B--P~emiums an Fire and windstorm insuracce as he~e;n requ~red to be carried on the improveme:»s s~tuate on the above dsscribed p~emises. C-Premiums on such mortgage gua~anty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby. Mortgagee shaEl f.om time to time notify mortgagor in writing of the amount due and paya6le hereundrr and such surn shall thereupon be due and F 3yable on tha d~e date of rhe next month."y payment and each successive mon?h thereafter urtil mortgagee shall notify mortgagor of a change in such a~:ount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem;ums, a~~d mortgage guaranty insurance p•emiums: ~ IN WIiNES$ WHEREOf, t said MORTGAGOR has hereunto set his hand and seal the day and r first afwesaid ~ Sgned, Sea and deli ' the ~xesence of: ~ ; - ~ ~ an R Knipe Jr t~a~ - - cs~n Pe Sy _ • ni tseaq siATE oF ~oe~oA ~nellas ; couNTar Q~F>~,;. , ' 4''' ~ ss. . ~ , Br~~e~ '~~~rpeared RaY .J• Knipe, .TI• and W • • his wife, to me well known and known to me to be the' ~a1s leatriped~ who executed the foregoing instrument, and acknowledged before me that they executed the same iw the purposes ~herein ;xa?es~e.. ,awj d,~ii~'s.r~; Patsy Knipe - .~;f~ ,s~a - ~ ' r Knipe, Jr . upon a sepa?ate and private exam:r~trQn by rtte ta1c~6;3 ate and apart from her said huaband, ackrawledged to and befwe me that she executed said instrumem freqty and volum rarily a~'~yilhpyt ~n~i~~ ' f sion, constraint, appre nsiqp,Qor fear of ot from her ssid husband. APR IL 72 WITME~~mpi~jnd.~l official seal thi day of A. D. 19 _ "t , l a'• . . . . Notary Public in fw the State of F e a~ tarye My Commission "res: Return To: . first Federal Savings 3 Loan Association Of Fort P;erce. ~ r~, Sti~! 0~ ~fdi i~ ~ifq! Fort Pierce, Florida Mr Co~s;~, Expra Mueb 2t, ~9rd b.+.a b~r F.. a c.w.ry ce. This Instrument Prepared By : W~. E. Btaun First Federal Savings 8 loan Assotiation FILEO ANO RECOROEO • of Fort Pierce , Rlor ida 33450 =T. LUCIE COUIITY f L~- ROCER ?OITRA~~ Checked By _ _ CIERK CIF.GUIT COUItT ~ RECORD VEa~F~EO 0 Re]~~ M~ur ~ 214 PH'7Z 6Q01( ~.Vl 1~GE~~~ - . • ti , . ~ - . _ - ..c 4 1r - ~ - . ""~T' ''c.C"` _ - _ f S y,i=.~ '.~i 'L 1 - } -'l E - . ~