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Home My WebLink About1186 _ To p~ace and co~tin~ousiy Aeep on the bu~'d~n9s now or hereaNer ~~?uaro on said land a~d on a!i equ~pmem and panonally tovered by this mortg- sga, w~?h al~ premi~mi thcreon pad ~n f~il, f~re ins~rance in ~ha us~al sTanda:d po~icy form, in a sum approved by 1he MOR~G:.GEE, and w~~dirorm inw~ance i~ ihe us~ai st~nda.d pol:cy 1onn, in a svm approvrd by rhe MORTG~IGEE, in such co~?pany o~ canpan:es as the A".ORiGAGEE may d~rect; and all fire and w~nclsror,n ~nsura~ce po:~c~es on any of sa~d buiid~ngs, any in~erest iherein or pa+t the~eof, in the agg~egate sum aforesaid o~ in excess Ihereof, shaU conrain ihe usual s~ar.Jard morigagn clause or wch aher clause as Ihe Mort9agee may req~,n, makinp tna loss urder s~~d poli- cies, eacA and evzry, payable to said AtORTGAGEE as ~~s interast may appear, and each and eve~y suth po:~ty shall be promptly au flncd a~~d det~v~rc•d to sny hrld by sa~d MORlGAGEE as ~unhzr sec~rity to said mortga~e debr, and, not less than ten (10) days in adfa~~ce of the exp~~ar,on oi each po~~cy, to de- Iiver fo said MORTGAGEE a rrnewai tAereof, ~ognther with a rece~pt for ~M premium of such ~enewa~; and thrre sh,~ll be no i~re oi w~nds~or~n insurance placed on any of said b~i!d~ngs, any interesf therein or part thereof, un;esa in the form and with fhe loss payable as aforesaid; and in the eve~f any sum of money becomes payabte under such pol~cy w poGc~es said h10RTGAGEE ehall have rhe op<ion ~o ~ec~ive and app!y ihe sa~ne on accoun~ of the ind~bted- ness secured hereby or ro permir sa~d Rt~JRTGAGORS to receive and use it o? any pa~t rhr~eof for o:i~~_r purF.~srs, v.~~h,;,,t ~h ~r ~y-~+~ ~3 ~r ~"'P~~•- ing any equ~ty, Gen or r~ghr unde~ o~ by virtue of Ihis mor.gage; and in ~he evrM ss.d MORiGAGORS sha!1 for any ~eason fail to keep the sa~d premises so insu~ed, o? fai) to de!iver promptly any of said policies oi ins~rancz to said MORiGAGEE, or faii p:omptly to pay fully any prr•nwm therefor or in a~y respect (ai1 to p.^rform, d~scha~ge, execute, eifect, comp~ete, coT~ply wirh and abide by th~s covenant, or any part ha~eof, said MGRIGAGEE may place a•~a pay (or such insurance or any ps~t the~eof w~~hout waiving or affeUing any option, lien, equ:ty, or right under or by vntue of this Mwtgage, and tht full amounl of each and ever~ such paym.ent shall be immediatety due and payable and shatl bear interest f~om the date thercrof until pa~d at the rate ol n~ne per centu.m per annum and to~~•~h,rr ve~Th such inte:rst shall t~e secured by the lien o~ this mortgage. 1. To pe~mit, cornmit or suffer no waste, impai~ment or detcr~oration of aaid property o~ any part thereof. 5. To pay all and s~ng~tar ~he cosrs, charges and expenses, ~nclud~ng a reasonabte attor~ey's fee and costs of abs~~acts of title, incurred or pa~d af any time by sa~d MORiGAG:E, beca~se ar in ~he event of ihe fa~lure on the pari of the said MORTGAGOR to duly, pro~nptly and fuily perform, d~scharge. executa, effeU. comp:ere, canply w~th and ab,de by each and every the stipvtat~ons, agreements, condit~ons, and covenants oi said promissory note and th;s ~~ortgage any or e~ther, ar,d sa:d costs, charges and expenxs, each and every, shall be immediately''due and payable; whether o~ not there be notice d~ r.,and, attempt to cottect or suit pend~ng; and the full amount oi each and every such payment shall beor interent from the date thereof unti! paid at the ~.~<<• o' n~ne per caneum per an~w:n; ~~~ci ai1 sa~d cus!s, cha:g~s and exE:enses iruurred o~ paid, ~ogether wuh wch inte~est, shaN be secured by the Iien of tha mortgage. 6. That (a) in the event of any b~rach of this Mortgage or de(autt on the part of the PAORTGAGOR, or (b) in the event any of sa:d sums of money here~n ~eferred to be not pranpNy and fully paid w~thin th~rty l30) days next aiter the same severatfy become due and payable, without demand or notice, or (c) in the event each and e~ery the sripu,ations, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any w e~ther are nol iuly, promptly and fufly performed, d,scharged, eaecu~ed, efiec~rd, completed, compi~ed w~th and ab~ded 5y, then ~n enhe~ w any such event the sa~d ag ~regate sum mentioned in sa~d pron,~ssory ncte thrn remaining ~npaid, with inte~est accrued, end ali moneys secured hereby, shatl become due and pay- ao~e fo~thwith, or thereafter, at ~~e opt~on of sa:d MORTGAGEE, as fully and comple~ely as ii all of Ihe said sums of money were or~g~nalfy st~pu~ated re be pa:d on such dcy, anything in sa:d pro:n"sso~y note or in this Mwtgage 1o the conrrery notwithstanding; and thereupw~ w thereafter at the opuon of sald MORTGAGEE, wnhout notrce o~ demand, suit at faw or in equity, thereFore w therealter begun, may be prosecuted as if ~ll moneys secured hereby r.,d matured pr+or ro es institution. 7. That in the event that at the 6eginn~ng of or at any time pending any su~t upon this Mortga4e, o? to fwetlose it, ot to reform it, or to enforce paymenr of any da~ms he~eunder, sa~d hlORiGAG~E shall apply to the Court having jurud~ction ~hereof for the appointmem of a Receiver, such Court shall ferthwith appo~nt a receiver of said mortgaged p~op.rrty all and sin~ular, includ~ng aU and singular tiie income, profits, issues and revenues fro~n whatever so~rce der~ved. each and every of wh;ch, it be~ru~ expressly undersrood, is hereby mortgaged as if spet~fically set forth and described in the granti~g and hsbend~m c~auses hereof, and such Recei.•er shal! have a!1 tfie broad and eiiective funct,ons and powers in anyw~se emrusted by a Court to a Receiver, and s. ch appoinfn,e~~t sfiaL' be made by svch Court as an admitted equ~ty and a matter of absolute righi to said MORTGAGEE, and withoul reference to the adeqvacy or inadeq~acy of the valve of the property mortgaged w+o the so~venty ot insoivency of said NORTGAGOR or the defe~dunts, and that su[h re-~+s, profits, income, issues and revenues shaii be applied 6y such Receiver ac:ord:ng to the 6en or equity of sa~d MORTGAGEE and the practice of wch Court. - 8. To du~y, prompt!y and fully perform, discharge, exec~te, effe:t, comp~ere, comply with and abide by each and every the stipulations, agreements, condit:ons and covenants ~n said prom~ssor~ nete and th's mortgage sei fwth. 9. That i~ the event the ownership o~ the mortgaged prem~ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the h'.ORTGAGEE, in successcrs ar.d ass:g-~s, may, wiihout no:ice so ehe ~:40RTGAOR, deal w~th such successor or successw in interest with re(erence to this ~-or~gage and the d=bt hereby sec~.ed in the same manner as w~th hlortgago. w~thout in any_ way vitiating w dncharging the Nlortgagors' liability here- ~r.der o~ upon the debt hcreby se:~red. No sa!e of the pre~r:ises hcreby mortgaged and no forbearante on the part of the IdORTGAGEE or its s~ctessoro cr assigns and no exre~sion of the t~m2 for the paymens of the debr hereby secured given by the ~~ORTGAGEE or its wccessors or ass:gns, ahall operate ro refease, d~scharge, moddy change or affect the o.ig~nal liau~fity of the MOkTGAGOR herein, either in whole or in part. 10. It is spec~ficafty agreed that time is of the essence of th~s contract and that no waiver of any obligation hereunder or of the obligation s~ ~~red hereby shalt at any t~me ~hareatter be he:d to be a wa~ver of the terms he.eof or of the instrurnent sewred herby. 11. In add.r:o~ to the forege ng monthly paym~ms of princ pai and ~nterest requ~red by the prom:sscry no!e sec~red hereby, mortgagor eovenants a-~d agrees to pay to r~oatg~gee v4nh e~ch monrh'y pay:,;ent an add:,~onal svm est~n~ared by mortgagee ro be equal to 1, 12 of the an:ival cost of the fo~low- ~nq: A-Alt real propcrty taxas le•:~ed o~ ass~=ssed agai•~st the above described real estate. B--Pr~rt:~u~~TS on fre and w~ndstorm ~nsvracce as heie~n requ:red to bz carri<_d on the ~mprovements s~tuate on the above dascribed premises. C-Premiu~~s on such mort~;ge guaranty ir.surar:ce as mortyagee shail frc~n Yme to ti~ne deem fit to tarry on the loan secu~ed hereby. Mortgagee sha:i from ri~ne to t~e,e notify rt,o.tyagcr ~n wriring of the amo~~t due dnd payabie hereundar a~d such sum sha.l thereupon be due and ~ :.~vable on ihe due date oi ~h> next mo~ti,:y payment and each successive mo%.th Tnereaftcr ~r.til mcrtgagee shall notify mortgagor of a change in such I . E a~nt. S~ch SJ.T.S s!•a:! L-e app:ied by mortgag,.e to.vard the payment of real property taxes, insuraace prem~ums, and mortgage g~aranty msurance i :;remiums. ~ IN YJtTNE55 WHER~OF' the sa~d MORTGAGOR has h~reu~to set his hand and seal the day an ~e~first afor sais~'~C+r"- _ S'gned, Sea~ed and delivered in the presencs of: ~ ( ~ E_ C c_ (Seaq RObert G. E11iSOri ~~a,~ . ~ ~~Q~1fl~~~~~- ~~t" ~~tBs-c. {Seal) _ Tamara Ellison ~~,i~ i S ~ ATE Of FLORIDA S5. ~JUNiY OF St . Luc ie ~ ~ Before me personally appeared Rob~rt G EI~.1SOri and mara Ellison his wife, to me well kno~~~~known to rt+e to be ~ rhe individuals described in and who execufed the foregoing instrurtxnl, and acknowledged before me that they exet~t~,the. s~ifoP'tae purposes ~ ~ therein expressed. And the said Tamara F'.ZIISOII ~ _ _ ~ r:~~e of the said _ RObeI~ G. Ellison ~pqn„p sepr g%nd private ~ _~,am~nation by me taicen separate and apart from her said husband, acknowledged to and before me that she ex~cuse¢saQ ~stfuinEpt~te~e~Srtd volun- 'a-~!y and w'~thout any compulsion, cons!raint, apprehens[on, or fear of or from her said husband. ' ; ~ Y/ITNESS my hand and offk~al seal this__~~ ~h day or Nov~nbP~ ~ ~ /4,~D.:19 72 _ • -ti r 0 w~ • ` ~ w Notary Public in and fw ~ of flori~'~ a~ge r. My Commission expirei~ a' ~ ~ Return To: I~~~~RYNUBUG~ 3~7ATE ut FLpRIDA at LA1tGE First Federal Savings 3 Loan Aasociat+on ~ MY COMMISSION EXPIRES SEPT. 25, 1975 ~ or Fo,r P ere~. BOtldld BY MIEf~pIl,BdpkCli If1SUI211C! l:0. u~`: fort Vierce. F4crida . ~ ~ ~ ~ This Instrument Pre ared B Ronald L. Stut2 f~~EO aHa AECOROtO P Y ST.IUCiC COUNTlf flA. r~ First Federal Savings 8 loan Association ROG~= PO~TRAS ~ ~ of Fort Pierce , FlOr id3 CIEF!( C~aGU1T COURT ~ - RECORD ~:k~~ ~E~ ~ Checked ey ~I,,,, 91 9 32 1~ ~7Z fWr C ~ ~ 2 D R ~ 4~364 ~ avotc _ . ~ . _ . ~ . . . . ~ ~