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Home My WebLink About2798 . . L. • 3. To p~ac~ aed confinuovsly keep on tFa kwi:dirys now w Mreaftu sitwt~ o~ taid lu~d and on ~ii equipnwnt ~nd p~nonally cova~d by Ihis mw sg~, with ~II p~emiums Ihe~wn paid in full, fire insurance in tFw usual sundard policy forrn, in • sum ~pproved by tM MORTGAGEE, and wind~to inswsnn in ths ~iwl uu~dard polky form, in s sum approved by tM MORTG/IGEE, in wcl~ company w canp+nia a 1F?e MORTGA('iEE m directj ~nd atl tir~ ~nd windstwm iruuranu policies on any of said buitd~np~, ~ny int~r~s~ therein w parl thereoi• in tM ~re9ars wm afa~aid in excas the?eof, sh+ll cont~in ths uwal sta~da~d mor~9apa~ clavse w iuch otha claus~ u tM Mo+rpayee re~sy ~pu'u~, makinp tM loss under sa~d po cies. each and ~vay. p~Yable ro said MORTGAGEE as in i~terest may appea~. and each snd eve?y such policy :hall be promptly us:pned and detivered ~ •ny hsld by said MORTGAGEE as f~nhe~ securt~y to s+id mw~9age d~bt, +nd, ~+ot I~u than teo (101 drri in adv~nce of ~h~ expiration of each policy, ro d~ IivN ro said MORTGAGEE a ~enewal therwf, fopsthu with e recNpt for th~ pr~mium of wth renewalJ and ther~ shsll b~ no fus w w~nds~am insurae~c pl~pd on ary of taid buildirgs, u?y interest thKein a p+rt th~?wf, ~nlsss in tM form ~nd with th~ loss payabls ~s ~fw~iaidi and in tF?~ ~v~nt any wn of nan~y becornes pay~ble under :uch policy or policie~ said MORTGAGEE ahall haw ~hs option to receive and ~pply ths s+ma on accou~l of the indebted ness setvr~d he~eby Or b peimit sa~d MORTGAGORS to ~cteive snd uss H a any part lhereof for othcr purposes. without the.eo~ waiving ar ~mpai.- iny ~ny pviry, lien or rqht w~dsr or by virtue of dus mortp~pe: and i~? tlw ~ve~?t u~d MORTGAGORS shaU (or ~ny reason fsil ro keep the said premises so insured, w f~il W deliver p~anpNy any of said policns of inw~~r?ce to said MORTGAGEE, w 4ail promptly to pay fully sny premium therefor o~ In any respect fail b perfwm, d~xha~g~. exervts. ~ff~ct. compkte. comply with and ~bid~ by thq cove~?+nt, or any part hsreof, said MORTGAGEE en~y place and paY fw s~?ch hawar~ a a~y psrt thehof without w~ivirg or ~Hectirg snY optiaw, li~n, pvirp. w ripM vnde~ or by virtue of this Mortps~e. ~nd fhe full ~rnount of each ~nd wKy such paymeM ahill be imnediately dw and piyabl~ u~d shall beu i~teresl from 1M dat~ thereof until paid at tM ~at~ ol nine pe~ tentum pa anrwm and together with such interest shall be secured by tM li~n of this matgaqe. 4. To pKmit, commit w wffa ~o wute, impairment or deterioratioe of s~id propaty or any put therwf. . ~ S. To pay all s~d sinpulsr tl+e costs, cha?pes uid expenses, includinp a ressonabk at~aney's fe~ and coits ot ~bstncts of title, incurred a paid st any time by said MORTGAGfE, bcause or in the eva+t of the faiture on the part of the wid MORTGAGOR to duly, promptly ~nd fully ptrform, d~sch+rg~ exec~te. effect, comptet~, comply w~th and ab+de by esd+ and every tl+~ stipulations. preements, conditions, and covens~n of said promissory ~+W~ and thii monyape any a ei~he~. and said costs, chupes and expenses, esch and every, sh~ll b~ inrnediahly due and psyablt: whe~her a not there M notioe d~ mand, attempt to cdled w svit pendi~g; ~nd the full amount of e~ch ~nd every wch payment sl?~II bear int~r~st from the d~t~ thereof vntil p~id at tM rate of nine pe~ centum per annum; and all said toits, charges and expenses intwred or paid, togelhe~ with such interest, slwll be ~ecu~ed by tM iien of thu mort~sp~. . 6. TMt in the event of sny breach of this 1Nortgay~ w defwlf on ths pan of the MORTGAGOR, w(b) in the we~t ~~y of s~Ed sw~u of money herein refe?red to b~ ~wt pranptly and fvlly psid within thirty (30) days next ahe~ the same severatly becane due snd payabls. witho~t dansnd a ootice, or (c) in the ~vem esch and ~very the stipulations, agreements. conditions and coven+nri of ss~d promiuory note and this mortyape any w either ~re nol iuly, promptly and fully performed, d~uharged, executed, sffected, compkted, cwnplied with sed abided by, then in e+ther or ~ny s~xh ewnt 1M s~id ag greg~le wm menYwned in said p?omissosy note then remaininp u+~paid, with iNerest ~ccrued, and all mo~uys setured hereby. shall bet~ort~s dw s~d p~y~ able forthwith, w thereafter, s1 the option of said MORTGACaEE, at fully and compktely u if all of the said wms of monsy wem orgin~lly stipuleted ro be paid on s~ch day, anything in sa~d promtuory noro w in this Mortga~ to the ca?t~ary rrotwithsta~ding; and therevpoo w thereafter at the option of said MORTGAGEE, without notice w demand, wit st law or in equity. TFIQflfOfQ Of 1AQfNffH beg~n, may be prosecvted u if all moneys securod hereby had matured pr"ro? to iq institvtioo. 7. Thst in the event that st the begi~uung of w at sny time pending sny wit upon this Mortgage, or to foreclose h, w to ?efwm it, or to enforu paymeM of any claims hereunda~, said 1NORTGAGEE sMl~ apply to the Court havinp jwisdictioo Ihereof for the appointment of s Receivct, such Court shall Forthwith appoiM a receiver of said mortgaged property alt aod sirg~lu, i~clud~ng all and singular the income, profits, issves and revenues from whatever source derived, each and every of which, it being txpressly uoderstood. is hereby mor~gaged as if specifiwlly set fw~h and desaibed in the ~rantinp and habendum clauses hereof, and such Receiver shall Mve all the broad and effective funcuons and powers in aeywise e~trwted by a Court ro a Receiver, and such appointmcnt shall be made by s~ch Court ~s an +dmitted equity and a matter of absolute right to said MORTCaAGEE, and withoul reference ro the adequacy a inadeq~acy of th.e v~lue of the properry mwtgaged or to tl~e wlvency w inwlvency of said MORTGAGOR or .the defendanq, and that such renrs, profin, incane, issves and revenues shall be applied by tuch Receiver accord~ng ro the lien or puiry of said MORTGAGEE ~nd the practiu of such Court. 8. To duly, p?omptly and f~lly perfwm, d'ncharge, execute, effect, complete, comply with and abide by each snd every the stipulatans, agreems~b, conditans snd covenants i~ sa~d promissory rate and tha mortgage set fwth. - 9. That in the event the ownership of the mortgs9ed premises, a a~y part thereof, beco+nes vested in a person other tMr. the MORTGAGOR, the MORTGAGEE, iri succeuws and auigns, may, without notice to the MORTGAOR, deal with such successa or successw in interest with refaence to this mortgege and t!ro debl hereby secured in the same manner as with MortgsgOr without in any way vitiating p dischuging the Motlysgorf' li~bilify htra- under or upon the debt hereby stcured. No sale of the premises hereby mwtgaged and no forbearance or~ Ihe part of the MORTGAGEE or its svaesson or augns and no extenseon of the time fw the paymcnt of ihe debt hereby secured given by the MORTGAGEE or its successas w assigns, shall operate ro rekase, dixh~rye, modify cFwnge w affett the o~iginal liability of the MORTGAGOR hercin, either in whole or in psrt. 10. It Fs specifically agreed that time is of the eucnce of this co~tract snd Ihat no waiver of any obligstion hereunder w of ths obliy+tion se- cured hereby shatt at any time tAereafter be held tp be a waiver of the terms hereof or of the instrumeM sec~~ed herby. 11. In addition to the fwego:~g monthly payments of princ'pal and interest rcquired by the promissory note secwed hereby, mortgagor tovena~ri a~d agrees to pay to mortgagee with each monthly payrnent an add~iwnal sum esGmared by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All ~eal property taxes kvied w assessed against the above described real estate. ~ B-Premiums on fire and windstorm insurance ~s herein requ~red fd be carr'~ed on the improveme~b sifuate on tF~e above described premises. C-Premiums on such mwtgage guaranty insurance as mortgagee shall from time to time decm fit to carry on the loan secured hereby. ~ Mortgagee shall (rom time to time notify morigagor i~ writing of the amount due and payabk hereunder and suth wm sFwll therevpon be due and f payaWe on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a thange in such ` amount. Such sums shall be applied mortgagee toward ~he payment of real property taxes, insurance prem.ums, and mortgage gwranry insurance ~ premiums_ IN WIT SS WHEREOF, said RTGAGOR has hereunto set his hand and seal the day ar?d year first aforesaid. ~ esence of: , ~ ~ S K. Do as ,q ~ ~ Frances A. Dou91a STATE OF FLORIDA ~ ' St . Luc ie courmr oF eef«e me peR«~.uy ,ppsu~d Stanlev K. Dou91s?s ,,,d Franeea A• DO1lQ18s his wife, to me well knawn snd known to rn~ to be the individwts desvibed in and who executed the fora~ arg ~strum~nt, and acknawledpsd before me that they executed tFa ssme for tM p~rposes tfierein expressed. Md the ssid Franees A. UOL19J.ifs - wife of ths ssid Stanlev K• DO11QIdf upon a sepkiTji''~`~ Q~ ab e:amin~Yan by me tsken sepante and ~part from her said husband, adcnowledped ro and befon me tF~at she exetuted wid irntr~meM f~e~~~,ir'~- ~ ~ . rarily and withovt ~ny compvlsion, constraint, appreFror~s' feu of w from her ssid Fwsb+nd. ~ WITNESS my hsnd snd official sesl thia day ~Y ~ ~ ~ _ . NWaty PuWic in ~d Sta f- • • NIy Comm • ~i ~.~'\r/` .'Z' ~ R~,~.~ To: ~~~2~ ~ ~ = . ~ - Fint federat Savirys a Loan Association r~~r•• Of Fort P~erce. ~0 ~E ~ - ~ •Q ~ • ' ' ' Port Pierce, Flor~da lUC1E COUNTY ~ ' ''i; ii:}i . ` ~ . RO~fR PG~TRAS f CLERR C~SCUIt COUIIT AECORD YERIFIED.~,~ This Instrument Prepared By : J. H. Roberts~ JY. ~O 28 ~u First Federal Savings & loan Association NI7 , of Fort Pierce ~ Florida 33450 Checked By~ ~ . ~~2 ~~:~4 ~ ~ - - _ - - - - - - : ~