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Home My WebLink About0697 9. To plac~ and ca+tinuou~ly kcep on the buildinpi now o? Mre~ftN sitv~t~ oe+ taid land and on ait equipment ~nd p~~wn~tfy cover~d by thii mw with dl premi~ms thereon paid in (ull, fire insurancs in Ihs usual su~dard policy fam, in ~ sum ~pprowd by th~ MORTGAGEE, ind wir?d~to inw~u?c~ i~ tM uiual iianda.d pol:cy fam, in a ~um spproved by tM "MORTGAGEE, i~ wch company or compa~ies at ~M MORTGAGEE m ~ dinct= aod ~II tire sod windst«m iruunnc~ policies oo ~~y ot s~id b~lldh+ps, any intt~i~t Ihaein w p~rt tF~ereof, {n 1M ~y~cp+te ~um do«s+id ! r ln ~xcess Ihasof, shall contain the ~sual standard mortgsqe~ clau~ a iuch o~ha cl~us~ +a tM Matgaqe~ may ?aqu'u~, makinp tM, bst unda sa~d po ~ cia. each and every, p+yabl~ ro s~id MORTGAGEE is its intereil may app~ar, ~nd eath u~d eve?y s~ch poiicy shalt be promptly ass:qn~d and delivcred i ; ~ny MW by said MORTG/IGEE at fw~her tecwity to said mor~p~t debt, u+d, ~a1 less lhan ten (10) days i~ adva~?ce of tM ~zpirNan of eath policy. ro d~ ! livK ro iaid MORTGAGEE s renewal therwt, wQethK with ~ race~p~ fa tM pra~niwn of svch ~enawal; and ther• shall b~ no f'u~ w winduorm insv.+nc ` pliced on ~ny of sak! btiildinps, ~ny intereii therein or part tMreof, u~leu In tht form and with th~ loss payabk a: •f«tsaidt u+d in tiN eveM any tun of money becoma p~yable under such policy or polkies said MORTGAGEE shall haw the op~an to receive and apply tM same on ~cco~n~ of Ihe indeb~ed neu setured hereby p to permit ssid MORTGAGORS to roteive and us~ it w any part thereoi 1w othcr purposes, ~vilho~rt thereo/ waivi+~g w~mpair• ~ iny any pvity, lie~ or right v~de~ w by virtve of this mor~page; and in IM wenl sa~d MORTGAGORS shall for any reason fail ro kecp ths wid p?emiset so insured, a f~il lo deliva promptly any of said policies of insur~na to said MORTGAGEE, a fail promptly to pay fully ~ny premium the~etor w in any respecl fail to perform, discharge, executs, e(ied, comptete, compfy with and ab7ds by th;s cownant, o~ ~ny par~ F,Heof, said MORTGAGEE may pl~ce and paY fa wch iniurance w any pan thereof witlw~t w+ivirg or affectinp any option. ~ien, puity. or rigM u~da w by virtue of ~his Matg~ps, and the full amount of each ~nd every sucl+ payment shall be im~nediately du~ and payabk ~~+d sMfi bear interest from ths dat~ thereof untF! paid at ths nu ot n7ne pe? centum pei annum and to~etAer wi~h tuch interes~ ihall be sec~red by tiw lien of this mortp~ye. 1. To permiy oornmit or wffe? no waite, impai~rn~nt o~ deteiaration of said {xoperty or s~y part thereof. # 5. To pay all and s1np~Iu ths costs, cl~arpes and expenses, inctudirg a reasonabk ~ttorney's fee s~d rnstt of abstr~ds of tiNe, incurred or psid ~t ~ any time by said MORTGAGEE, bncause or in the event of ths fsiiure o~ ths pan of tM t~id MQRTGAGOR ro duly, ~,..ort,P~y a„d t„ity pe.twm, d~sc~+a.Q4 execurs, effen, complets, tomply with and ~b;de by esth aed every ths stipulations, sgreements, tonditian. aed Coven~nb of iaid promiuory note and thq n+wtgags a ather. ar~d sald costs, char~s and expens~s, esch and every, aMll be immediately due aed payable; whe~iur a not th~ve be noHCS da mand, attempt to coJktt or :vir pending; and rhe lull artavnt of sxh ar?d every suth payme~+t sfiall bea. interest froen Ihe dat~ thtreof until paid ~t the rate of nine pe~ centum per annum; and all ~aid costs, char9et a~d expenses incurred w paid, logether with s~ch interest, sh~ll bs ~ecured by the lien of this ~ro~• 6. That (a) in the event o1 any breach of this Mwtga~ or defavlt on tM pan of ths ~MORTGAGOR, or {b) in the evee~t any of said awns of money hcre7n referred to bs nol prompNy and fully paid within thirfy (30) days next after the same severa~ly becpne due snd p~yable, without dem~nd p~ notits~ or (c) ir~ the evem each and every tM stipulations, agreern~nn, conditio~s and rnvenants o( s+~d promisswy note and th3s matpa~e ar~y o~ either are no1 ivly, promptly and fully pe~formetl, dixharged, executed, effected, tompleted. complied with and abided ~ay, then in either o~ a~y :uch ~vent the aaid ag gregate wm mentaned in said ptomiuory note then remaining vnpaid, with interest acuued. and all mo~eyi secured hereby, shall betome du~ and pay- able fwthwith, Of fF1lfN{~N, at the option of said MOATGAGEf, u!vlly and completely u ii aU of the said wms of money wcre w;9;nally stipulated to be paid o~ such day, anything in ssid promiuory note w in this Mortgage to the contrary ~+otwithstanding; and there~pon or thereafter at tM optian of said MORTGAGEE, wirtw~t not~ce w demand, wit at faw w in ey~~sy, i~rafora ar th.ereeiter begvn, r•=ay be prosecuted a~ if aN rraneys secured hereby had matured prior to ;ts institution. 7. Thst in ths event that at the beginning of or at ~ny time pending a~y wit ~pon this Mortgage, or to fwecloas it, w to reforen it, or to enfwp payment of any claims hereunder, ~id MORTGAGEE sMll apply to the Court hsvirg ju~isdiction thereof for the appoi~tment of a Rectiver, wch Covrt shall iariicwith sppoint a r~teiv~r a€ sa:s! rr-.assgsgs~ pta~sty a!! s~slar, ir!cl~eng all and singvlar the income, profits, istues and r~veoues from whatever source daived, each and evcry of which, it being ezpressty u~ders~ood, is hereby mortgaged as if spec~fically set fwth and dascribed in the grannng and habendum davses hereof, and such Receiver shall have all the brosd and effcctive funct~ons ar~d powers in anywiu entrusted by a Ca?~t to a Receiver, and :uch appoiNment shall be made by such Court as an admitted equity and s matter of absolute rigM ro said, MORTGAGEE, u+d without reference ro the edequscy a inadequacy of the val~e of the properry mortgaged or to the solvency or insolvency of taid MORiGAGOR w the deftndann, and that such ren~s, profin, incane, iuues and rcvenues shall be applied by such Receiver accwd~ng to the lien or equity of said AhORTGAGEE and the practice of such Courf. S. To duly, promptly and fully pe?fwm, distha.ge, execute, effect, eomplete, tomply with and abide by eath and every fhe slipulatiw~s, ~greements, conditions and covenants in said promissory note and this mortgage sef fath. 9. That in the event the ownersh;p of the mortgaged premises, or any part thereof, becomes vested in a penon otFer than the MORIGAGOR, the MORTGAGEE, its sucteuws and suigns, msy, without nofice to the MORTGAOR, deal with such succeuor or s~rccessor in interest with re(crente to this mortgage and the tkbt hereby secured i~ the same mannet as with Mortgagor witlaut irt any way vifiating w dixharging tF~e Mottgagora' (iability htrr under a upon the debt hereby secured. Np sale of the premises hereby mortgaged and ~o forbearance on the psn of ~he MORTGAGEE o~ its successon or augns ar?d no extension of the time for the paymem of the debt hereby secured given by fhe MORTGAGEE w its tucccssws or ass~gns, shall operate ro release, discF~rge modify change w affect the wig;nal liability of the MORTGAGOR herein, either in whob a in part. 10. It is specifically agreed that time is of the essence of this contratt and that no waiver of any obligation hereunder or of the obliyation se- cured hereby shall at any time thcreafter be held ro be a waiver of the terms hereof or of the instrumertt setured FKrby. 11. In add~tion to the fwego'ng monthly payments of princ'paI and interest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgaget with eath rtwnthly payment an addirional sum estimated by mwtgagee to be equat to 1/12 of the annual tost of the follow- ing: A-All real property taxes levied w assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such morlgage guaran!y insurar,ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due arxl payable he?eunder and such wm shall thereupon be due and Fayable on tMe due date of the next monthiy payment and each successive month thereafter urtil mwtgagee shaft notify mortgagor of a change in such amount. Such sums shalt be applied by morigagee toward the payment of real property taxes, inwrante prem:ums, and mortgage gua?~nty insurance premiums. IN WITNESS WHEREQF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. 5' ned, Sealed and rhe pesence of: ~ ` ct'~~~~o[ ~ ~.n ap ra ~ii ~~Q . ~ ' ~~'xC.~f (Se+q Marian M• Mi21 M__~ STATE OF FLORlDA ~ couNrv oF _ St. Lucie • Before me penona~ly appeared Bdward F• Mlll Marian M. Mill his wife, ro ~.weii k~ ,r,d k~r, eo R,. to b, the individuals desuibed i~ and who executed the~le~o~ng instrument, ~nd edcnowledged before me that they exetvted flN;~ zfp pvrposes rhe.ein expressed. And the ss~d Ma?r ~2?n M. 1 _~~'+~ryy Y.~i.,~~•~- ~ : F . w~r~ or r~ ~~a ard fi. MiII •'.••~.',.~~:~~w,t. examin~tion by me taken separote a~d apart from her said husband, atknowledged to snd befora ms iF?st she execvted 's~~~q trument frsel~-~~eblurr rarily and without any compulsion, constrsiM, apprehe fear of or from her said husbird, y~! ' . WITNESS my hand and official seal this day of - = 'A,,. ~~4='T2 . . ~s . s.: \ , Notsry Public in and fo~ pT My Commission expira: . ` ~ ~ Return To: , . Firat fedsr~l Savi~ys 6 loan Association ~~MI~i ~ a aoRip~,~ ~E Of Fwt P~erce. ~N aP~Ra SEPT• 25, 1975 Fort Pieace. F lo~7 da ~n~ e r s Inwnnq Ca,, , p y. Richard K. ~ fILEO At1D AEC~R~`~ This Instrument Pre ared B' yes it.l.yCjE COUM , ' First Federal Savings ~ Loan Association pOGEF ~O~TR~S ~ . of Fort Pierce ~ Florida 33450 CLERK Cl~i ~E~ COUItT PECORO YEF Checked By A~- ~'p 3 s4 pM'7Z 2;2919'7 - 0 R `'7+ ~ ~~~2t~ ~ 69~ -