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Home My WebLink About1762 To place and continuously kcep on the bu~!d~ngs now or hereaher ~itua~e on sa~d land and on all equipment and penonally cove~ed by this mor~g- eg~, with all premiums ~hereon pa~d i~ full, fire ins~rance in the u~ual etandard p~licy form, in • sum app~oved by ~Fu MORtGAGEE, and .w~nds~o~m +~ivrame In Ihe usual itanda~d poGcy form, in • sum approved by 1he MORTGAGEE, in wch company or companies as the MORiGAGEE may d~~ect: •nd all fi~e and windt~o~m insurance polic:es on any of said build~~+qf, any 4nlerest therein or pa~t thereof, in tha sggregsr~ sum aforesaid or in exteu thereo/, ~hatl contain tM vsual standard matgagee clause o? such other tlause as ths Mw~gagce msy requ~rs, making the loss undrr sa~d poti- c~e~, each ind every, payab~e ro sa~d MORTGAGEE as ~tt imeres~ may •ppea~, and each and eve~y such po~icy ~hall be p~onptly a~s gned and deli~ered ro any held by ~sid MORiGAGEE ~s further ~ecurity to said mortgage debt, and, not leu than ten (10) days in sdvance oi the expiration of eath poticy, 1o dr iiver to said MORTGAGEE a ronewal thereo}, together with a re~e~pt ior the premium of suth renewal; a~d ~here shall ba no fire or windstorm inswance placed on any of said buildings, ~ny inleresl therei~ or parl thcreof, unlesa in the form and wifh tF» toss payabte a• afaesaid; and in the eYane any sum of money becomes payable uoder tuch policy a policies sa;d MORTGAGEE sha~l have the op?~on to ~ece~ve and apply the ssme on accoun~ of ~he indab~ed- ness aewred hereby a to permit said MORTGAGOR$ to receive and ute it or any part the:eof for otiicr pu~poses, w~~ho.,t ~h.r. o, wt~vi.~3 or u~~p~n- ~r.g a~y equ;ty, :ien or right under or by virtue oi this mo:'gags; and in tFa ~vent w~d MORTGAGORS shall fw any reason fai) to keep ~he said premisri so ;nsured, w fail to delive~ promptly ~ny of said polKiea of iniursnce to said MORTGAGEE, o~ fail promptly to pay fufty any pre~nium iherefoi or in a~y respect iail to perfo.m, dlscharge, executs, effect, compte?e, comply with and abide by this covenam, a sny part hereoi, sa~d MORIGAGEE may piace a~~d pay for tuth insuraMe o~ any pan the~eoi withou? waiving w affectiny any option, lien, equity, or right unrler or b~r virtue of Ihis Mortgage, and Iht t.,ll amouM of each and eve~y s~ch payment fhall be immediately due and payable •nd shaU bear interest from the date thereof u~iil pa~d at the ra~e of n~ne per centum per annum and to~ether with such interesr shali be secured by the lien of fh;s mortgsge. 1. To pe~mit, commit a suffer no waste, impairmcnt q deterioration of sa~d property ot any pa~t thereof. S. To pay all and singular the costs, cMrgei and expenses, includiny a reaionable steorney'~ fee ar.d costs of abstracts of tifle, incurred or pa~d at any time by sa~d MORTGAGEE, lxcause w in the event of ~he failure on the part of ~he ssid MORTGAGOR to duly, promptly and fuliy perfwm, d~scharge. exec~te. efiea, eompie~e. compiy w~ih e~Kf eL:3a b~ aa.h an~ a.r:; thr s•i;.v!.•.~s, ~g••r~~?a, ~enditioni. and covenan~s of said promissory note and ~h~s n:orfgage any or either, and u~d co3~s, chargsa and expenses, each and every, ~!?~II be immediately due and payable; whether a not ~hcre be nofrce dr mand, attempf to coI1M w avit penci~ng; and the full amount of each and every such psyment shaN bear inferest from ~he date tF~ereof umil paid at the ~.~re oi nine per tent~m per ann~m; and all said costs, ch~rges and expenxs inturred or paid, ~ogether w~th such interest. shall be secured by the lien of thts mortgage- 6. That (a) in ~he evenl of any breacF~ of this Mwtgage or defeutt on the parf oi the MORTGAGOR, w(b) in ehe event any of ss:d sums of money here+n referred to be not prompfly and fully paid wi~hin thirty (30) days next afte~ the same severally become due and payable, withou~ de~nand or no~~ce, or (c) in tF~e event each and every the stipulations, sgreeme~ts, condirions and covenanti of sa:d p~omissory note and th~s mortgage any w e~~her are not iuly, promptly and tully perfwmed, d~scharged, execvted, eifected, compkted, compl,ed with a~d abided 5y, then in either w any such evero the sa~d ag gregate sum mentioned in said promisswy note tFxn remaining unpaid, with intere3t accrued, and all moneys secured hereby, shall become due and pay- ab:e forthwith, w thereafter, at the option of said MORTGAGEE, as fvlly and compfetety as i( aN of rhe sa~d sums oi money were or,ginalty snpulated to be pa;d on such day, anything in sa~d prom~aswy note or in this Mwtgage to the contrary notwithstand~ng; and thereupon a thereafter at the opt~on of s~;d MORTGAGEE, w~thout noe;ce or demand, suit at law or in equity, therefo~e w thereafter begun, may be prosecuted as if all mo~eys secured hereby nad matured prcor to its +nifitution. 7. ihat in the event that at the beginn;ng of w at any time pending any sv~t upon thia Mo~tgage, or lo foreclose it, or to reform if, or to enforce paymem of any daims hereunder, said MORTGAGEE shall apply to the Court ha~ing jurisd~aion thereof (or the appo~ntment of a Receiver, such Cou.t shail fo~thwith appoint a receiver of said mortgaged property al! and singula~, intlud+~g all and singvlar the income, profits, issues and revenues from whetever so~~rce derived, each and eve?y of which, it being expressly understood, is hereby mwtgaged as if specifically set forth and desaibed in the gransing and h~bendum clauses hereof, and such Receiver shatl have all the broad and efiective iunct~ons and powers in anyw~se enrrusted by a Cou~t ro a Receiva, and s, ch appointme~u shall be made by such Cou~t as an admitted equity and a matter of sbsolute r~ght to said MORTGAGEE, and without rcference to the adequacy w inadeqvaty of the value of the property mortgaged w to the sowency or insofvency of said MORTGAGOR a the defe~dants, and that such ~a~ts, profits, income, iuves and revenues :hall be ap~lied by svch Receivcr accord~ng ~o the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptty and fu1Fy perform, discharge, rxccute, effect, complete, comply w~th and abide by each and every the atipulations, agreements, conditions and covenants in said promisswy nore and th;s mortgage ser fw1h. 9. Thar in fhe event the ownership of thc+ mortqaged p~emises, w any part thereof, becomes vested in a person othcr than the MORTGAGOR, the ti'.ORTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such s_ xessw a successor in interes? with reference to this r• o•t9age and the debt hereby secured in the same manner as wirh hbrtgagor withovt in any way vitiatinq oi diuha~ging ?be Mortqagors' liability here vnder or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its suc~essors o~ a:signs and no exte~;ion of the time fw the payment of the debt hereby secwed given by the MORTGAGEE or its successas or ass~gns, ahalt operate ro release, d~scharge, ~uo: Sf~ change or affett the orig~nal liab~l~fy of tbe MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time ia of the esxnce of this conrract and 1ha1 no waiver of ~ny obligation hereunder or oi the ooiigaiion sr c~red hereby sha!{ at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In add,no~ to the iorego'ng monthly paymems of princ"pal and interest requ~red by the promissory no!e secured hereby, mortgagor covenants 3~ d ag+ees ro pay to morfgagee with each monthly payrnent an add~rional ;um estimated by mwtgagee to be equal to 1/ 12 of the annual cost of the follow- A-All real p~operty taxes levied or assessed agai•ist the above described real es~ate. B-Pr~n:~~ms on fire and windstorm insurar.ce as herein requ~red to be carried on the improvemeits s~tuate on the above descr~bed prem;ses. C-Yrem~ums on such morfgage guaran)y insurar.ce as mortgagee shall from t~me to time deem fit to tarry on the toan secured hereby. Mortgagee shall from t;me to time notify mcrtgagor in wr~ting of the amount due and payable hereunder and s~ch sum shalf thereupon be due and ,~;able on the due date of fhe next momh!y payment and each successive month thereaft~r ur.ti( mortgagee shall notify mortgagor of a change in such - ount. Such sums sl~ail be applied by mort9agee toward the payment of reat property taxes, insurance prem;ums, and mortgage guaraMy insurance c•emiums. ~ IN V~ITNESS WH:REOF, the said MORTGAGOR has hereunto set his har,d and seal the day and year first aforesaid. ~ ~ S~gned, Seated and.defRrred ' the presence ~f: ~ ~ 1 ~ - ~ " ' (Seal) _ _ Charles N. Lord ~s~si? _ ' ~7Ll...ti,. ' t5eaq - ' ' ~ o a tseaq ; SATE OF FLORIDA ~ S5. ~ CJUN7Y OF _ SL I~LCle ~ i Before me personafly appeared Charles N• j.0IC1 and i ~dYy L' •~.Ord his wife, to me well known and known to rrM to be ~ rhe ind~viduats descr~bed in and who executed the fwegoiny instrument, and acknowledged txfore me that they executed the same fw the purposes ! fh~rein expressed. Md the said Mary L. (Ard ` N~fe of the said Charle~ N LOrCI Lpo~i~~+s p'~;teand piv~ee . e.am~narion by me taken separate and apa~t from her said husband, acknowledged to and betore rr~e that she execured said ir?iN~n'?~n fre~y•arS4rvOlurr 's ~s~~;y and w~thout any compulsion, constraint, apprehens:on, or fear of or from ixr said husbartd. WITNESS my hand and official seal this 315t dsy of ll ~ ~~~q~_ i ( t - - # No ary Pu6tic in and f r tFyE Staog df ~16tida a h~ge ! My Comm~ssion expires: I~arC,~ ~ j.~ Retum To: ; ~ _'•.~-s!+~'••. . first Feder~) $avings 3 Loan Associat~on ~ii~~~~ i• ` Of Fort P.e: ce. , ' Fon P~e.ce. Florida fILEU AhD KE~vROED if.IQCI: ~:OtlMT~ F~A. > IIOCC ~ r''l~ RA6 This Instrument Prepared By Richard K. Kayes C~ ERK G~~CUIf COURt First Federal Savings & loan Association RFC ~~0 v:+ ~tE~ of Fort Pierce , Rlor ida ~ A~ py ~ ~ i ~ Jf Checked By 246933 ~ 210 r~,~ 1760 . ~ . . . , - . - ~ ~ ~ ~ . , u~ ~ _ . . _ ~ _ r-~-u