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Home My WebLink About1725 - ~ f ~ 3. To place and conti~uously kcep on the build~ngs ~ow a hereattN ~tw~~ on sa~d iand and a+ ~II equipnent ar~ perwnally covaed by ~hls ma ~ge, witA all ptemiums thereon paid in tull, fire insurance in Ihe usual standard polity fam, in a tum approved by the MORiGAGEE, and windsto ~ in3ur~~te in ihs usuaf tt~nda~d pol~q farn, in ~ ium approved by th~ MORTGAGEE, in sucA company o~ canpaniet as tM MORTGAGEE m directj ~~d a11 fire and windstorm insurance policies an any of said buiW+nps, any 1Mass~ ~herein w pa~t thereof, in the a99reya~e sum afaeuid f in ~xceu thereof, shall contain ~he vswl s~andard mortgagee clauie w such othe~ clause ~i tM Maty~gee may reqv~n, making ths loss unda sa~d po ' cies, each and every, psyable to said MORTGAGEE as ~ti interett may appear, and each and eve?y s~rch policy :hall be promptly ass.qned and delivered ~ ~ny held by iaid A10RTGAGEE ~s furthe~ iecurity to said ma~gage debt, and, not leu Ihan ten (10) days i~ advance of the expiration of each policy, to d~ I~ver to wid MORTGAGEE a renewal thereof, lo9e~ha with a recsipt fw the pr~mivm of such renewal; a~d there shall bs no f~re or windstwm i~iura~c placed on ~~y of said buiidings, any inrerest therein or pait thereoi, vnless in rhe form and w;th ~F» lou payabl~ as afore~aid; and 'u+ the event any sun c1 rtwney becomes payable unde~ such policy w policiss said MORTGAGEE ahall l+~ve ~M opt~on ro receive and apply the same a? account oi the inckb~ed ness setured hsreby w to permit said MORTGAGORS Io receive and uss ii p any parl Iherepf 10~ orn~r purFwses. ~ii~hout th_nb~ wa:v;n~ or ~mpair~ 7+g a~y equity, lien w righ~ uncler u by virfve of this morlgage; ar+d in the event taid MORTGAGORS shall fo? any reason fail to keep the said pramisr~ so insured, or f~i) to deliver promptly iny of said policies of insv~ante fo said MORTGAGEE, a fail promptly to pay fully any premium thcretot w in any respect fail to petform, discharge, exec~te, eifecf, complete, comply wiih and ab+de by this covenant, a any par~ hareof, said MORTGdGEE msy pl~ce and , paY for uKh lnsuiante w ~ny part thereof without waiving w affectinp any opt~on, lien. equity. a righ~ unde~ w by virtue of this Mor~gaye. ~nd the full amo~rnt of each and eve.y such p~yment shall be immediately dw s~d payabte and ahaU bea~ inte~est from ths date thereof until paid ~t the rate ol n~ne por cenwm per annum and to~e~he~ wiih such interest shall be secured by the lien of this mortg~ge. 1. To permit, cortunit a suffer no wsste, impairment o~ deterioration of said property o? any patf thereof. S. To pay all and si~gulu the tosts, charges ~nd expenses, i~cludiny a reasonable attu~ey i fee and costi of abstratis of title, incvrred or psid at any tune by said MORTGAGEE, becauu a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, dixharge, execute, effed, complete, comply w~th and ab~de by each ar?J every the stipuls~ans, agreeme~ts, conditions, and cove~ants of said promissory note and ~hii mortgage any w either, and sa~d costs, cMrges and expe~ses, c~ch and every, sh~ll be immediately d~e and payable; whether w nor rhere be r?orice da mand, attempt to cotlect or wit pend~ng; and tht,--full amount of each and evay s~ch paymeM shall bear interes~ from the date thereof umil paid at the rare of nine per centum per a~nu:n; arw all said costs, charges and expenses inc~rred w paid, together w~th such interest, ahall be secured by the lien of tha mat9age- 6. Thst (e) in the event of any breach of thia Mo+?gage a default on the pa.t of the MORTGAGOR, w(b) in the event ~ny of sald tvms of money herei~ refened to be not promptly and fully paid within thirty (30) days r+cx1 afte~ the same severally become due ar?d payable, wilhout demand w nptite, or (c) in the event each ~nd every the stiputations, ag:eements, tonditions ar+d covenants of sa~d promiuwy note snd fh+t mortgaye any a eitAer are nof iuly, promptly and fully performed, d~scharged, eaecvted, eifected, completed, compl~ed with and ab+ded Sy, the~ in either w any svch eve~t the said ag- gregate sum memio~ed in said promissory note then remaining unpaid, with in~eresf atcrued, and all moneys setured hereby, shali become due and pay- abte forthwith, w thereatter, at ~he opt+on of said MORIGAGEE, as fully and completely as i( all of the said wms of money wero wiginally sNpulated ro be paid on suth day, anythirg in said promiuory oote or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter s1 the option of said MORTGAGEE, withow notice o~ demand, suit at law w in equity, therefwe w thereaher begun, may be p~osecvted u ii all maieys secured hereby nad rtwtured pnor to its institurion. 7. lhat in the event that at the begin~ing of or at any time pe~ding any suit upon this Mo.tgsge. w ro fweclose ir, or to refwm it, w to enforp paymeM of any claims hereunder, ssid MORTGAGEE shall apply to tFx Go~rt ha~ing jur~sd~a~on thereof iw the appoinrment of a Rece+ve~, wch Cou?f shall forthwith appoint a receiver of said mortgaged property all and sing~lar, includmg all and singular the income, profits, issues and revenves from whatever source derived, each a~d every of wh~ch, it be~ng expressly understood, is hereby mwtgaged as if spec~(ically aet forth and described in tlk g~anting and t~abendwn cla~ses hereof, and such Receiver sha11 have a!1 the broad and effective funct,ons and powers in anywise entrusted by s Court to a Receiver, and s~ch appointment shall be made by such Court as an admitfed equity and a matter of absolute right to said MORTGAGEE, and withoot reference to the adequacy or inadequacy of the vaEue of the prope~ty mortgaged o~ to the solvency or insolvency of said MORIGAGOR or the defendants, and that such renu, profin, incane, iutxs and revenues shail be applied by se~ch Receiver accwd~ng to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, mmplete, comply with ar~d abide by each and every fhe stiputations, agreemeafs, condltions and covrnants ;n u,d promissory note and th;s mortgage set fath. 9. Thst i~ the event the ow~ership of the mortgaged premises, w any part the~eof, becomes vested in a person other than fhe MOQTGAGOR, the MORTGAGEE, its succeuors and auigns, may, witho~t notice to tF~e MORTGAOR, deal with such successor w successw in interest with reference to this mortgage aad thc debt hereby secured in the sart?e ma~ne~ as wifh Mortgagor withouf in any way vitiating w discharging the Mwtgagors' liability F~err under or upon the debt hereby secured. No sale of the prem~ses hereby moAgaged and no forbearance on the part of the MORTGAGEE ot its successors or au~gns and no extension of the time fw the payment of the debt ixreby secured given by the MORTGAGEE or its succeuors or assigns, shall operate to release, dixharge, mocfify change or affect the original fiability of the MORTGAGOR herein, either io whole w in part. 10. N is specifically agreed that time is of the euence of this contract and that no waiver of any obligation hereurxkr a of the obligation sr tured hereby shall at any time thereaiter be held to be a waiver of the terms hereof or of tIx instrument secured herby. 11. In addition to the iwego"ng monthly payments of princ'pat and interest required by the promizsory note secured hereby, mortgagor covenants and agrees to pay to mortgagee w;rh each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- irg: A-All real property taxes levied or assessed agaehst the above described real estate. ' 6-Premiurns on fire and windstorm insurar,ce as herein requ~red to be canied on the improvements s;tuate on the above described premises. G-Premiums on such mortgage gusranty insura~~ce as mortgagee shall from t:me to time deert? fit to carry on the ban secured hereby. Mwtgagee sfiail from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shal~ thereupon be due and Fayable on the due date of the next month!y payment and each successive month thereafter ur.til mortgagee sha!! ~otify mortgagpr of a tha?ge en sucb a~,o~nt. $uch sums sF.a:t be applied by mortgagee toward tbe payment of rea) property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. (N WIiNESS WHEREOf, the sa~d MORTGAGOR has he~eunto set his hand and seal the day ye fi t s~e ' Signed. Sealed and delivered in the presente of: /j . an - Wm' 0 s~n ~ Bet R. Hor an STATE OF FLORIDA _ ~ cour~rr oF St. Lucie u- { Before me personatly appeared Wm. C• HOTg3T1 s~ ~ t~o~ R. ~rg~Il his wi{e, to me wetl known and known to me to be irlC IfR%I~RtVe1a a~ ~._.zw:;y ry~ u'cri: .`,~.i --.d ::~a e..xa0~ S!~.a f :»!:::a~.^.! ~ a•~!,•_:*r•l~eln«~ Fw.fore me that they execufed the SamQ fM the ~ J~. r~. r^~~ ~herein expressed. And the sa~ Betity~B R. Morgan wife of tF?e ssid - C• MOI~~2'1 up~ ~ k~rq~-~ priwte ezam~nat:on by me taken separate and apart fiom her said husband, acknowledged to and before me that she execvted said instrumeM~fre! ~ rariiy and without any compulsiw~, constraint, apprehension, ot feu of or from her said iwsband. C~ t~~ • s y~ , WITNE55 my hand and official seal this day of ~y -`~•~,~jq • ~ ; _ Notary Publ'K in and fw t tate '~;~t`~~r ~ My Commiuion expires: • ~r" I, i Return To: / ~ ~ ~ ~ ~ ' ~ t, . Finf Federaf Savings 3 Loan Association ~ ~ ; ~a = yf~= : . ' Of fort P~erce. D ~~f, ri~EC ~?no sECOn t - - . -'~Q'~-- ~ ~ Fo~r Pierce, Florida ST. LUCIC COUMTY ~LA. " _ t. ' _ ROCE~ ?O:TRas • ~ • CLERK CI'r:CUIT COUIlT ' ' " REC0~0 VfR~F1Ep This Instrument Prepared By GaTy F. E11KOOd ~1,.. 't ~4 ¦11 f?~ First Federal Savings 8~ loan Association Alfi ~ fUi t of Fort Pierce~ F102'1da Checked By ~o~K~O~ P~~1'~2~4 ~ - ~ _ _ ~ , ^