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Home My WebLink About0083 J To ~,'.~c~ and continuously keep on the bui'd~r,gs now or h~reafter's~~uate on sa~d land and on al: eq~ipment and pe~so~ally covered by th~s mor nr~•~, w th ail ~rrn~•,,:~~s tl~r~con F a d in full, f~rc insuran;~ in ~hc uswl srend,~rd pp'~cy {O~m, i~ a sum a~.Nro~ed by tha M(~R~'v:.GEE, and w~nds~o ~ s.,r.,nca fn ri~e uwat urulard po:.cy fo~rq 'rn a wm apfxovrd by ihr h~ORTG~+GEE, in such comp~ny or com,;an~es as the HORTGAGEE m J r<cf; a~d all fi~e ar.d .~r,ditmm inw~ancr poi~c~es on any o) so~d bwid.nys, any inrerest ~herein or ~:a~t th~~rroF, in t6e aggr~gate wm afores~~d rxa~ss fhereoF, shall :ont.nn the usual s+and3rd ~nonyagee c~ause or such o~her c!ause as the Mo~tgagee may requ~re, making the ioss undrr sa:d po s, ..•ach a~~d e~~~ry, pa~o~'e to sa~d ;dUR(GAGEE as ~ts in~erest may appear, and each and eve~y such poi~c~ shail be promptiy assg~~ed ond de~wirrd : h~!d hy s~~d ;:.pRIGAGiE as furthe~ sewri~y to sa~d n:ortgage d~Dt, and, not :ess than ten (101 days in advance o( ~hN expirohon of each poLty, fo d+ ,.~•r to sa,~d 'dORIG~+GiE a re+~~~v.sl ~he~eof, toge~hrr with a rocr~pt for ~ha pt~~n~um oi wch renewai; and there sha;l bz no f:re or windstorm insuranc ~'.+ced o~ any ol sa;d 'oui!d~~~gs. any interest there~n or par~ ~hercof, un!~•ss in the form and wi~h tf~e Ioss payab!e as aforesaid; a~d ~n the even? any s~~n ot money be[O:nei payablC undrr such potiq or pohc~rs said ~dOR1GAGEE sh.~N have rhe opt~on to reo:~ve ~nd ~p~;!y tiie same on accou~v of the indabt~d ~ss s~c,r~•~1 ?,~.~ey o~ to pe~nilt sa~d ~At7RiGAGORS to rec~~ve and use it or any p:vt the:.,of tcr o:i~•r pur:.~s~~s. ~~.:ii~~,;t ih~~~a~ w..~.~,~ or ~~np,.~r anY rq~~ty, I:en or r~gM undar or by virtue of ~his martgage; and in the event sa:d MORTGAvORS sha!I .'or any raason (ai! fo keep the sd7d premises so r.s~r~d, o~ f.~~! to d~'lvr~ pru~n~~)ly any of Saitl pOGCiai Of inSUran~e 10 Sa~d MORTGAGEE, or fai! pro~nptly to pay fu::y any pr~mi~~n thcrEfor O/ in d~y rc•s; ecr fail ro perform, d:s:h.,i~e, executa, effed, co~nplete, compty wi~h and ab~de by th~s covananl, or any Fa~t hareof, s~id MGRT;~AGEE may place a~a F~~ for such ;nsur.,nce or any part ~h~reof w~rhout waiving or affec~ing any opt,on, lien, equ~ty, or r~~ht under or by vi~tue ot th~s Mortgage, and the ~t amo~nt of e~ch and e.ery such paymrnt sna11 be immediately due and payable and shall brar inMr~st from the date thereof un~il p~id at the ~ate of e prr crnturn pet annu.n ~r,d to~rthrr with sutii int~~r~st sh„i~ be icc~red by the lien Of thil mortgage. s 4. To permit, cornmit or suffer no waste, impairment w detcriaration of said property or any part lhereof. 5, io p.~y aN ~nd singutar rhe cosrs, charge~ and exF;enses, ~ndud;ng a reasonable auorney's fee and costs of abstracts of title, incurred or paid at ~~~~e 6y sa~d 1~~pRiGAGEE, because or in the event oi the ta:lure on tne part of ~he said MORTGAGOR to duly„pre~t~prly a~d futly perform, d~scha~ge. cute, rffect, te~np:ete, cwnpty w~th and ab.de by each an~ ev~~y ihe St~~)u~31~0~15, agrecoients, cond~r~or.s, and towemanrs of said prami;sory nore a~d ~his ~rrga~e any er e~~her, a~.d s~ d costs, cha~gcs and e~pensrs, each and every, shall be immediately due and payable; whether or nm there be not;ce dr ~ J, attc:~~pt to co:;ect or svit per.dmg; and the fult a~nount of each and every such paymem shall bear int~rest (rom the date thereof until pa~d at rhe o` '~~~~a Per c<nt~-u r. ~~+~~u.', a:~~ aH said cos~s, char~es a:~d .x~~~~nse: ~rxwred or paid, toyathar w~th such inte~est, shall be secured by the lien of th~s :.~rtgage. 6. Thet (a) in thc event of any breach.of this hllortgage or defa~tt on tt,~ part of the h10RTGAGOR, or ;b) in the event any of sa;d sums of money ••~~~n ref_~rc~d to b•~ not p~auj,riy and fully paid w~th~n th:ny 1301 aeys nex: a'r_•r the san:e sc+era'ty betome due and pa~able, without demand or norite, cl in the event each an~ every the stipuEations, agretme~~ts, co~:d~:~ons and covenants of sa.d promissory no!e and th~s mortgage any w either are not y, Fromptly anci f;,;:y ;~erfor~:~ ~l, dscharged, executed, effeded, comptefzd, comp~~ed wirh and ab~d~d Sy, then in e~~her o~ an~r sude evenf the sa~d ag ~a!e wm mcntipneci in said prom~ssory note theo remaining unpaid. ~vith interr,t 3cuued, and all inoneys secured hereby, it~all betomr duC and pay 4crti,v.irh, er ~hereafte~, at the opt~on of se~d MO~TGAGEE, as f~~ly and comp,etely as il all of rhr said wms of money were onginaity st~pu:ared ' c~~ d on wch d.:y, arrith~ng ~n sa d prom~ssory nore or in this blo+tgage to ~he conirary not,v~thsta~~ding; and thereupon or thereafter a1 the option of •.i 1t,ORTG:.GEE, w~rF:o~t n~~~ca or drmand, s~it at law or in equdy, therefore or the~eaher begun, may be prosecuted as if all moneys Secured hereby . .i inot~rrci pr~or to ~is ~nshtut~on. 7. Thet in thr e~ent that at the beginn;ng of w at any time ~ending arty su:t upon th;s Mortgage, or to fo~eclose it, or to reform it, or to enfo!ce •~•'~~e~e o! a~y c:.~~~„s he•eu~,der, sa~d ;.1URTGaGEE shali apply to the ~ourt having ~u~~sditt~on the~eof for the appo~ntment of a Receiver, such Court shall _:r:i'h appe~nt a r~;~;.er of said m,ortgagrd propeny all and sinyu:ar, incfud ~g a~t and si,~gu~ar f!~e ir.come, prohrs, issues and revenues f~om whatever d,.~n~~~d ~•.;ch a~-,d rvery of wh:ch, ~t being expressEy ~nderstood, is hereby mortgaged as ~f spec:f~cally set iorth and described in the g~aroing and c a_~s~s hcr.o!, and wch Rece+~er shali have ail the broad and efiective funcf.ons and po,tiers in anyw~se emrusted by a Cour~ to a Receive:, and ~~nn: _~,~r sh~i: bo n:~de 6y such Covrr as an adnirred eqr+ty and a matter of absotute r~ght to said MORTGAGEE, a~d wishcut reference to the V• ~"ljcyJ:.Cy of rhe valve of the property mortgaged or to the so,vency or ~nsavrncy of sa~d MORiGAGOR w the defendants, and that such Hro:r.s, ~ncc.ne, ~sw~s and revenues shail be appGed by such Rece~ver accord.ng to the tien or equity of said MORTGAGEE and the pracrice o! such ,,;n. 8. To d~'y, FromF!'y and fuity perlorm, d~scharge, execute, effed, complete, comply w+th and abide by each and every the stipulations, agreements, _;I!~cns ar.d cevr~~ar.es ~n s3~d promissory note and ~h:s mortgage set forth. 9. ihat in the evrnt the ownership of the mortgaged premises, or any part the.eof, becomes vested in a per~n other than the MORTGAGOR, the '_'RTG :GEE, i+s wccessors and ass~grs, may, wishout no~ice to the MORTGAOR, deat with such successor or successor in i~terest with reference to this •gaye ~rd the d:ut hereby secvred "en the same manner as wnh Pdort~agor w~thput in a~y ~vay vit:ating or d:scharging the Mortgagori liabiiity here- or u~:on rh~ d,•G~ hr:eb~ secured. No sa:z of the Frem~ses hcreby mo.tgaged ar.d no forbearance on ~he part of the IAORiGAGEE or its successors ~.,ss g~~s a~:d •:o exre~~s;on of the t~n:e for the paymem of the debt hereby secured given by the h10RTGAGEE er its successors or assigns, ahall operate _•.~se, d.scha:ge, ~:~oci~fy change or affect t6e orig:~al (iau:l:ty of fhe h~ORTGAGOR here~n, either in whole or in part. IO- (t is s~:ecf~c~:iy ~o~eed that t~me is of the rsseRCe of th~s cont~act and that no waiver of any obl~gat~on hereunder or of the ob!igation se- . _d h<~re~~y si:a'~~ at an~ tm~e thcreatter be heid to be a wciver of the terms hereof or oi the insrrumem sew~ed herby. 11. In ,.~_e •!c rhe forege ng ~nonthfy paymenrs of princ pal and intcrest requ~red by fhe prom sscry no!e secured hcreby. mo:tga~or eovenants i,3-ces re ;:a; ro~•,c:•~;~;,_~.~_• ,ti,th eacf~ mon+h:y pa,~ .ent an ;d;i.:ionai sum rsr: + ared by mo:tqaqee to be eqvaf to 1 12 of t:~e annual cost of the fo~fow- A-:.!t r~al ~_rep~rty s3.~s len,~ or ass~ss_d ag:~~~~st tne aoove descrl~-,~d rea~ estate. 6 P: s o~ f:r~ an;f .•:~:,dstorm ins~~ra~ce as ne-~~~n req.;:red to be carned en the ;mrroveme~ts s~tuate on the above described premises. C Pr~; s o, s:;:h n-ort~nqe guaranty ~r.sura~.ce as martgagee sha;t frc~r t me ro ti~rte deem fir ro carry on ~he loan secu~ed hereby. r.~~'y~?-'e `'c°^} r• ,e to s;~,:e nCtify moriy.ig;:r :n v:rrt~n9 of the arnou~t due and payable hereundrr and such su~~ shall ther~upon be due and o. rh•, c!ue ;i:~•~ oi rn-~ nc.<r n,onth:y payme:,t ard e~.ch s~ccessive rromh the:eafier ucii! mcrtgagee shall not~fy mortgagor of a change in wch Su:'r~ s~ rs s~ a.; ::z ~:;p,';~.~ by mortga~•~e ro,;,a:d tlie payment of real property taaes, inswa:ice prem:ums, and mortgage guaraNy insurance ~:m>. I'd .':tTNE~S :':NtR~OF, tne sa~d 1'J10RTGAGOR has hereunto set his har,d and seal the day and ye_ar ~irst aforesa~d. S~9ned, Sealed and de ' d in t prese~ce of: ~ ~ p ! - ~c G'~-'L ~r1' i~(Seal) . ~ Katie Mae Ray, a wido~r ~~a~~ ` _ ; ~ - (Sea1) --=-'t (Seaq ',?E aF FLORfOA ~ $t . I.LbC 1Q SS' _ .;'~iY Of 1 Betore me per:onally appeared K8t1Q ~@ R~j/~ g p2t301~ Y]~fQx - fo me we11 k~own a~d known to me to be ' :.d;v~dualC descrit~~d in and who executed the foregoing instrument, and acknowSedged before me tnat ~x eaecoted the same for the purposes _ e~n expressed. A~~_~_ 5~'1@ s Xy.^.fOO~C~}rc]6~ - - ~ ?C)O~W~idQ~)t7676J~ ~7~i~~4~Fl~b~~f+~~ " • ~VIT~.~55 my hand and official seal this__ ' day of Atl t1 t ` ~_p:.f~~ T , D. v ~l ~ Nota Public in a (or the StQ~I of (~r N~rye - My Comm~ssioo expire - 2' ~ - Re~vrn 70: ~ ~ ~ .f• J , Q ' t~ ~r.st Federal Savln~s S loan Association ~35~25 -.,-.,•;+,•,t ~ _:rt~F~, :e F ~.C:! r . . fIlEO pwC nLCCROED ' ST.lUC1E ~~UNTY FLA. ' ROCEn FO~~~tAS CLERK :'~"GUtT COURT This Instrument Prepared By: Kenneth Foltz REC~R~ Vi :=~E~' - First Feciera! Sa4•ings 8~ loan Associafion ~ 20 of Fert Pierce ~ Florida 33450 ~ Checked By ~ .R i4sl~+~ f~IGE ~O~ BOOx~ - ~N ~ - - - ~ r ~ ~ r ~~i~ _ ~