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Home My WebLink About0986 ~ 'C To p~aca and continuously keep on the bui!d~ngs now or hereaiter s~tua~e on sa~d land and on al~ cq~~p~nent and personally covered by lhis ma y e~e, w;~h all premi~ms the~eon pa:d ~n i~lt, f~re i~.surance ]n ~he ~sual stendard po'rcy (o~m, in a sum o~pro.ed b~ the A10R~GAGEE, and w~~~ds~o ~~wrancr in the usual st,~:,dud po:.cy iwm, in a wm approved by the A10RTGAGEE, in such co„~pany o~ compan~es as the MORTGAGEE m d.rec~; a~d all firo and w~nds~orm insurance polic:es on any of sa~d bu~id~ngs, any interesi fhe~e~n or pa~t thar~~of, in the agg~aga~e w~n afo~esaid in excess Ihercof, shall :a~~o~n ~he usual sia~~dard mortgagze dause or such othe~ c~ause as the hloregagee may requ.re, maAi~g ~hr Ioss w~der sa~d pu c~es, each and rvery, payabte to sa+d Bt~RTGAGEE as its intarest may appear, and each and every wcfi po~icy sf~all be pron,pYy ass g~~ed and de~ivered ~ an~ held by sald MORfi;AGEE as iuriher sr:~rity to sa~d mortgage dzbt, and, not less than ten (1C) days in ad.ance of the ezplration of each pollcy, to d. I~ver to aaid MORTGAGEE a~e~evval thereof, togerher with a receipt for the premium oi such rene.val; and thrre s?~a~l br no Gre o~ windsto~~n insuranc p'.~ced on any of said bui(d~ngs, any inte~est therein w pa~t thereoF, unless in the form and w~th the Icss payable as aforesaid; and in the event any sun of ~noney betomts payable undrr wch policy a pal~cies said MORTGAGEE shall have ~he option to rec_]va ~~~d app!y tl~e same on account oi the indebt~d ~_•ss securrJ hereby or to permlt sa~d h1CRTGAGORS to ~eceive and use it w any part th•_:eof for o;~~•~r F:u~~os~s. .•:~~no.:t ~h~~~o~ tiv~~~~~3 ~ng any equ~ty, lie~ w r~ght unde~ or by v~reue of this mo~'gage; and in the event sa~d MORiGAGORS :hall .`or any reason fai) ~o krep the sa~d p~em~srs so ;nsured, w fail to deliver promp~ly any of s~id pol~cies of insurante to sa~d MORTGAGEE, or fa~i pr~mptly to pay fu;Iy any pre~n~.,m iherefor or in any .esped fail to pr~form, d~scharge, eaecute, effect, complete, cemply with and abide by this cov~njnl, w any par~ hareol, Sa~d MGRTGAGEE may p~ace a~~tl pay fa s~ch insurance o~ any part thereof withoul waiving or affecting aoy option, lien, equity, or right under or by r.rtue of this Mortgage, and the f~tl a~nount of each and every such paymrnt shall be immediately due and payable and shall bear interest from tha date thercof until paid at the rate ol n~ne per centum per ar.num and to~ethrr with such inte~eat shali be secured by Ihe lien of this mortgaye. 1. To permit, comm's1 w suffer no waste, impairment or deter~oration of said property w any part theieof_ 5. To pay all and singutar the costs, charges and expenses, indud~ng a reasonable aftorney's fee and cosrs of abstracts of GHe, incurred or pa~d af ,,~y ti~r.e by said MORiGAG'.E, because or in the eveN of ~he failure on 1he part of ~he said MORTGAGOR to duly, promptty and fvlly perForm, d~scharge. _.ccure, effett, canp:ete, comply w~ih and ab:de by each and every the st~pu~at~ons, agreeme~ts, cond~hons, and covenants of said p~o,nissory note and ~his r.orrgage any w e~~her, and sj~d cosn, charges and expenses, each and every, shall-be immed~ately d~e and payab~e; whether or not there be notice d~ rn,nd, rttempt to col~ect or suit pend~ng; and the futl amount of each and e~ery such paymeM shall bear interest fran the date thereoi until paid at the ~ oj nine pe: a~ntum par annucn; tnd all sa~d custs, charges and ex;3enses inturred or pa~d, together ~v~th suth interesf, shall be secured by the lien of this i mottgage. 6. That (a) i~ the er•ent of a~y b~each o} this Mortgage o~ default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of mo~ey : herein referred to be not E•romprty and fulty paid within th~rty (30) days next atter Ihe same severa!ly becane due a~d payable, without de~nand o~ notice. ' or ~c) in thr event each and evcry the stipu:at;ons, agreements, conditions a~d covenants of sa:J promissory note and th~s mortgagr any or either are not i,,:y, promptly and fu.ly performed, d.scharged, exec~ted, effected, completed, compiied with and ab~Jed 5y, then in enher w any such eveM 1he sa~d ag a-,gate sum mrntioned in said promissory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall bzcome due and pay- ~ .+o e forthwith, or thereafter, at the opt~on of so~d MORTGAGEE, as fuily and completely aa if ail of thc sald s~ms of money were onginally st~pu!ated { ro be pa:d on such ei~y, any~hir.y in sa:d pro:n;ssory note or in this Mwtgage to the contrary notwithstanding; and thereupon w the~eafter at the option of t s-:d MURTGAGEE, w~thout notice or demand, suit at law or in equity, the~efore or thereaf:er begvn, may be prosecuted as if all moneys secured hereby ~ i r._d matured pr~or to ~ts insritution. - i 7. That in the event that at the beginn~ng of or at any time pending any suit opon this Mortgage, or ro foredou it, or to reform it, or to enforce i ;:aymenf of any tiaims hereunder, said h10RTGAGEE shall apply to the Court ha~ing ju~~sd~c~ion thereof for the appo~ntmeM o[ a Rece+ve~, such Court shall ~ tc.rthw~th appoint a receiver oi said mortgaged property all and singular, includ~ng ail and singular Ihe income, prohts, issues and revenues from whjtever s: u~ce drrived, each ar.d every of wh:ch, 1t being expressly understood, is he:eby mortgaged as if spec;(ically set forth and dexribed in the g~anting and ; !uF•zndum clauses hereof, and such Receiver shall have all the broad and effective f~nct,ons and powers in anyw~se entrusted by s Cou~t to a Receiver, and s_ch appointment sha:l be mrde by wch Court as an admitted equity and a matter of absoiule right to said. A10RiGAGEE, and withaut reference to the ` ~ac or inad uac ot the val~e of the ro rt mort a ed or to the so~venc or {nsoivcnc of said MOR:GAGOR or the defendants, and that such t '•'~'a Y e9 Y P Pe Y 9 9 y Y ~ r•_~-n. profits, incane, issues and revenves shall be applied by such Receiver according to the lien or eqvity of said MORTGAGEE and the prectice of such ~ Co~rt. 8. To duty, prompt!y and iul!y perform, discharge, execute, e{fect, corxptete, tomply with and abide by each and every the stipuiations, ag~eements, :und~tions and covenants in sa~d prom~ssory rwte and this mortgage set forth. _ 9. That in the event the ownership of the mortgaged prem;ses, or any parf thereof, becomes vested in a person other than the MORTGAGOR, the Y,ORTGAGEE, its wccesso~s and ass~gns, may, wi:hout notice to the MORTGAOR, deal wifh such successw or wccessor in interest with reference to this o•tgage and the d_bt hereby sewred in the same manner as with Mortgagor without in any ~vay vit:ating or distharging the Mortga9ors" Gability her~ u^der or ~pon the dzbt hereby secured. No sale oi the premises hereby mortgaged and no forbearance on the par~ o( the /dORTGAGEE w its succeswrs o~ assigns and no earension ot fhe ti~ne for the payment ot the debt hereby secured given by the 1AORTGAGEE or its successors or assigns, a~~all operate ro re~ease, d~scharge, modify change or affect the ori~inal liab;lity of the M.ORiGAGOR herein, either in whole or in part. 10. It is speufica~ly agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligatwn se- c~red hereby shalt at any time thereafter be he!d to be a waiver of the terms herecf w of the instrument secured herby. ~ I1_ In add,ti,~ to th,~foregong moMhly payments of pri~cpal and interest required by the promissory no!e sec~red hrreby, mortgagor eovenants 3~ d agrees to pay to rt:ortgagee w.nh each monrhly pay~nent an add~rioreal wm. est~ma~ed by mortgagee to be eq~al to 1 12 of tlx annual cost of the follow- ~ ~ y A-All real property taxas (ev~_c'. or assessed against Ihe above descrihed real estate. ~ B-prer,:~ums on fire and windstorm inwracce as nere~n requ~red to be carried on the improveme~ts s~tuate on the above d=scrited premises. # C-Premiums on such morrg;ge guaranty ir.sure~,ce as mortgagee sha{I from nme ro time deem fit to carry on the loan secured hereby. i Mortgagee st~a~l f*om t~rne to t~me non(y mortgagor ~n writ]ng of the arr.ount du~ and payabte hereundrr and such wrn shall thereupon be due and I~ ~,~b'•e on the due date of the next mo~th:{ payment and each successive month thereaft2r ur.til mortgagee shal! notify mortgagor of a change in sucb I • i ount. Such s~ms sFa:l he appiiecl by mortgagee toward the payment of real property taxes, insurance prem.ums, and morigage guaranty insurante E :"emium5. IN Y~lTNESS :'JHEREOF, the said AiORTGAGOR has hereuato set his hand and sea! the day and ye first af e i~ ~ S' ned, Sealed and detive in the presence of: ..~Ot/~`~"~/~/ f - ~an J n, . G O d . ~~ap - - c5eaq Vivian L. Godbold ~xai~ : S?.%,TE OF FLORIDA ~ SS. CJU'vTY OF St. Lucie ~ Befwe me personally appeared John w. CiO~O1C~ and V1V1~I1 L.. GO~Old his wife, to me well known and k~rown ro me to be r~:a individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the• samb f~,the purposes t~~~ii . !F.~rein e:pressed. And the said Vivian L. CiO~O1C~ v~ z- John W. Godbold ` ~ ~ J:;ie of the said ~P~~ ~Par~«1~P~ e.am~nation by me taken xparate ar.d apart from her said husband, acknowledged to and before me tbat she executed said Jn~grr~e~txree~y .~d•vplurK r-~~iy and w~thout any computsion, constrai~t, apprehension a fear of w fr r said husband. • - WIiNESS my hand and official seal th~• day~bf_ ~ . D..39~ " - S ~ ?9 ~ ~ Nmary Public in and for the ate of "d f l~tp4 _ ~ ~x~ My Commiuwn expires: '~;.7^'~~~ ~ i i2eturn 10: ~'.~p~ ~R; , ~ ; First Federal Savings 3 loan Association . ~~~~~1 ' ~ Of Fort P erer. ' ~ ~ Fort Pierce, Fler~da FILEO ANO RECOROEO St.lUC1E COUNTY FLA. ItOCER POITitA~ ~ This Instrument Prepared By: RiChard K. Ka~lK C~RCUIT COUR . First Federal Savings 8~ loan Association RECORO VER~FIE~ ~ of Fort Pierce ~ Flozida 33450 ~ rp 4 03 PM v Checked By ~ R 2D4 PAGE V V~ 600K ~ ~;33~83 _ . 1_. : . - - _ - h ~ ~ 'r^~ . ~ - . ~.~E. ~ -