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Home My WebLink About1517 To place and co~tin~a,sly kaep on the !w~'d~n9s new or herrafter si!~ate on aaid tand and on a~: equ~pnent and pano~ally corer2d by ~his ena~g- sge, wi~h all p~em:v~~s ~lxrcwn pa:d in f~it, G~e ins~r~~.cr ~n ihe usual s~m~d.ud po'~:y fwm, in a s~~*+ .+Fpw~ad b~ ~he A1Uk:GAGfE, +~ul wu~dstam ~ni~~~M! in th~ us•~al ~+a~~ard poj•cy tam. in e sum app+oved b~ ~he MORTGAGEE. 7n sucA compenr o~ co.npanir~ as the MG~~iGaGEE m+y d~recr, and all fire ~nd w:nd~iorm ~nwrance PO~K.Ni on any ol s~•d b~iid:.+gs, any ~n~era~i tAe~eu+ cr parl fherecf, in the aggr~ysfe s~m dacia~d er in taces~ ~F+.-reof, shall caita:n the usval sro~~dard ma+gayee uause oc such o~h~. ds~ie as IF+~ Mo~e~a9ae maY requ~re• ^wMfng n~e ~oss u~~drr sa~d po~i- c~es, each and rve~y, pa~ab'a to sa~d !~1JRiGAGE~ is ~ts ~~~crrs~ m+y appear. ~nd each rnd eve~~ svcfi ~a:.cy ihail tx nromptty aug~~ir~ and dt:~var.rd ro any held by sa~d hIORTG.4GiE as furihe~ ~ecuiity to se:d mo•tgage drht. a~•d, not lr.s~ than ten (10) dayf in ad~ance ol tl.e eap~f.?~~on ~1 e.ch po~~cy, ~o de• Irver to said MORTGAGEE a.enewal the~rof, togethrr wi~h a recr~pt lor the premium of such rene~na:; aod thare shali tx ~w i:~e o~ wi~~dito~m ~nsurance p!acesl on any ot seid lwitd~ngs, any ~ntcrrst there;~ or par~ thereof, unless in tFK for~n and wifh the ~oss payao!e as aio~esaid; and in ~he eveM any s~m of money bccon:es payable under s~ch policy or poLc:es said A10RTGAGEE ahall Aave ~he opt~on ro reca•ve a^d apply thr same on acco~n~ ol thr indcbt~d- nr~s secursd hereby a to pe~m~t faid h10RTGAGORS to receive ar.d use it p eny parl ther~rot ior o~n_~ pu~j O~rS, ~v.~h'..;t th_ u~ :3 0~ ~~~~p..~r• ing any equity, lie~ a' r~ght under w by vi~tue of th~s mo:tgige; ~nd in tht event sa~d MORTGAGORS sh~ll fa a.~y reason fail to keep ~he sa~o premises so insured, or iail fo deliver promptty any of ;a:d pol,cies of insurance to sa:d MCRIGAGEE, or fail promptly to pay f~~ly ~ny prr~•~+u:n ~txrafur w m a~y respect (ait to per(orm, d~scharge, eaecure, effect, ca~~p!e~r, ca,~ply wiih and ab+de by th~s cove~ant, or eny pa:e hrreo(, sa~d MvRi''vAG~E may p~ace a~~d ca~ (a such inwrence or any part thereof wl~hout warving a. ~fFeuing any op~~on, I~en, equ~ty, w r~gM cr. ier w by vuwe o~ fhis tdoreaagr, and fhc f~ll amoum of each and e~•cry such payment shall be ~m+r.ed~atety dve and payabte and shal~ bea. ~ntereat tcom ~ha da~e ~he~eof unril pa~d a~ the ~a~e ol n~ne per cemum pe~ anrtum and ro~rthr~ vr~ih su<h in~rresi shali ~x sacured by the titn of this mo~t~a~e. 1. To permil, commit or sufier no waste, impainrwnt or detcrio~afion of said p~operty w any part ehereof. S. To pay all and singula~ the :osn, charges and exp.nsrs, ~nclud~ng a reasonable auaney's fee and cosrs oF aburaas of Gr'.e, incur.ed w paid a~ any rime by said MORTGAG:E, lxca~x or in thr evrnt of the fa~iuro on ~he part oF ~he sa~d MQRiGAGOR to duty, pranptly and futfy perform, d~scharge. ex.:c~ie, efFect, complcre, comply w~th and ab:dr by each and every rhe st~pulanons, agrea~~rnts, ca~d~tans, and cove~~ams of se~d pramssory no~e and ~h~~ :r.wtgage any or ei~he~, and sald costs, charges and eipenses, each and every, shall be immedia~ely due and payabse: vrherher or rwt there be na~ce d- mand, atternpt to col{etl or suit per.d:r.y; and the fu!1 a~nouot of each and evcry such paymenf shall bear imerest from the date thereot uroil paid at the r.~te o? ni~r per centum ~r annc:n; o~w' all sa~d costs, charges and expenses incu:red w pa~d, toyethe~ wah such ~nterest, s.'wil be secured by the lien of tk:~ .nwtgage. 6. Thst (s) in the even? of any breuch oi this Mortgage or defau:t on tln part of ~he MORTGAGOR, w ib) ~n the event any of sa:d sums cf money hrre~n referred ro be not prompriy and fuily paid w~~hin th:rty (30) deys ~xt aiter the same se.eralty become due a-~d payable, wi~hout dAmand or no~:ce, ov (d in ihe evcnt each and every ~he stipularions, agreements. conditions arid coveoann of sa~d pro:n[sw•y no~e and th~s mortgage any o~ e~~her are no1 i~fy, promptly aod fu11y perfo•med, ds;harged, eaecored, effecred, compieted, comp~~ed wi~h and ab~ded Sy, then in e~+her w any such event :he ss~d ag ~rz~are sum mentioned in sa~d promiaswy no~e thr~ rema~ning unpaid, with ime.est accroed, and aii monrys secured hereby, shalt become due and pay-. abie fo~thwith, or thereafter, at !!x opnon of sa~d ASORTGAGEE, as ivily and complefely as if al~ of the sa~d s~ms oi money were o~~g~na:Iy st~p~~;ated ro be pald on such day, anythfng in sa:d pro~n~sswy note or in this Matgage to the to~tra~y ~ofw:~hstand;~g; ar.d t},e~eupon w the~eafter at the opt~on of sa:d MORi'vAGEE, without nor;ce or deawnd, s~it at taw o+ in equ~ty, therefare w thereai~er begun, may be prosecuted as ii all moneys secured hcreby n~d matured pnw ro As ins~itution. 7. That in tne cvent that at the beginn~ng of or at any time pe.~ding any suit upo~ this Mortgage, w to fwectese it, w to reiorm it, or to enfwce payment of any claims he~eundrr, said MORTGAGEE shafl apply ro the Co„~f having junsd~uion ~hereof for the appo~ntment of s Rece+ver, such Courf sfiall fc~thwith aopoint a receiver o( said mortgaged property a11 and s~ngutar, includ~n9 at! and singoiar the incon,e, prof~ts, ~ssues and revenurs fran whatever sc~rce de~ived, each anc! every of which, it be~ng expressly understood, is hereby mortgaged as ii spet~ficalty x~ (orth and descr~brd in 1h! g~anting and h3bendum da~ses hereof, and such Rrce~re~ sAap have al1 the broad and effec~+~e iunct.ons and powera in e~yw~se e~twsted by a Cou.~ to s Recri~er, a+~d s_:h appoir.tme~u shall be made by svch Go~rt as an admitted equity and a matter of absotute right ro sa~d MO~iTGAGEE, and wittwut reFerer.ce ro ttx aciequacy w inaorquacy oi the valae of the property mortgaged w to the ao.vency or insoivency o1 sa~d MORiGAGOR a the defe.~da~ts, and ~hat svch ~•^ts, profits, income, issues and :evenues shail be appl~ed by such Receiver accord~„g to ~he I~en w equ~ty of sa~d MORiGAGEE and ~he pract~ce ot such Court. 8. To d~~ly, prompt:y and fully perlorm, d~scharge, execute, effect compiete, compty with and abide by each and eve~y the stipu!ations, agreements, :ondit~ons and cov;.nants ~n sa~d prom~sswy nore aad this mo~tgage set forth_ . 9. That in the event the ownership of the mortgaged premises, o~ any part thereof, becomes vested in a perwn other than the MORTGAGOR, the .'.~RTGAGEE, its successors and ass~g~s, may, without notice to the J110RiGA~R, deal w~th svch successor w successor in interest with referrnce to th~s r: o•taage and the tlebt hereby set~red in the ssme manner as with Mortgagw witho~t in any way vit;ating a d~xharging the Mortgagors' Iiability hcre- u~der or upon the debt hereby sec~red. No sale oi the prem~us hereby mo.tgaged and no forbearance on the part of the MORiGAGEE or its s~ccessws or assign; ar+d no extension of the t~me fw the payment of the debt he.eby secured g~ven by the MORTGAGEE or its s~ccessors or ass~gns, aiwll operate ~o re!ease, d~scharge, mod~fy c!~ange a affect the orig~nal GauJ~ty of the MORTGAGOR herein, either in wholr or in part. 10. It is speuficafly agreed rhat time is of the essence of this cootracr and that no waiver of any ob~~gat~on hereunder w of the obligation sr cured hereby shall at any time thereafter be held fo be a waiver of the tsrms hereof or of the instrument setured herby. 11. In add~~ion ~o the faego:ng month!y paym~nts of princpa) and ~~trrese requ~red by ihe promssery oo!e x~cured herebf, mortgag~ covenants ag~ees to pay to mongagee w~th each monihiy ~;ay~.,em an add~~ional sum cst~,:ated by mortgagee to be equal to 1. 12 of the anr.val ~ost of the follow- . , A-.~11 rea) p~opert~ taxrs levied or assessed aga~•isi tnc acove desuibed real estate. B-Frerr:~oms on fve end w~nilito:m insurac~e as nere:n +equ;red to be carried on the ~mprovemeits s'rtuare on the above desc.~bed premites. C-Premiums o~ scch mo+tgsge g~aranty ir.surar.,e as morrgagze shail froT t n:e to time deem fit ro ca~ry on the loan s^c~re~ hereay. Mo.tgagre sha~! E:om r~-~:e ta t~me r.or~fy mortyagar ~n v.~it;ng of rhe a~r.ount d~e and payable hereundrr ar~d such w:n sha;l t4creupon be d~e a:id .~:aF~!e o~ th~: due da!e af tha ~ear mon;h.y payment arsd each svccessive month tnereaft~r uraii mcrtga~ee shaSl notify mortgagw of a char~ge in such ' _~~nf. Such su~ns sha'1 be appi~rd by mortgagrr To~vard +he paY~r.e~t of real properry taxes, insura~ce prem:ums, a~id martgage guaranty inwrance j ^•erniumS. 4 Iy Wltt~iE55 ~+NEREOF, the sa~d MORTGAGOR has hereunto set h~s har.d and scal the day~ and yea f'vst a4oresaid. ' Sig , Seale and live: in t ~esence of: ~ ~ ~ Sean i - J n • (Sea4 (Sea~ S?;-~TE OF FIORIDA 1 ~ ' ~ ~ , • ~ ~ COU JTY OF St. Lucie ~ ~ , `f+ I, ~ Before me personally appeared Kenneth R. , BVQiVII j. ~1Q'Y/ his wife, to me w^II known and~k'no.•n~to f1+e t0 be . the individuals destrib<d in and who executed the foregoing instrvmeM, and ackrawledged before me that they exetuted the same foi~the ~urpo}es; - ~ ~ . _ r~erein expressed. And the said Bve2Yn L. Ql i.f1 ~ :::re of sa~a Kenneth R. Drew a~.~r~e.~d.~r;~,`. a~::nat~on by me taken separate and apart from he? s3id husband, acknowiedged to and befwe me that she exetuted said instr~:meM frleJy ~~nd.vo~un- ~ ,•.'y and w~thout any co-r.YUis~on, constrair~t, app:ehens;on, or fear of w t:om her said husband. ~ A D. 19 73 WITNE55 my i~and and affc:~al aeai th~s ~7 ~h day of February ~ , ~ . ' Notary Public in and for the State of F{orida at Large . : My CcmTasion expires: ~ Retum To: ~ ~f: . {`i:ii:,` 3t Firs~ Federal Savin~s b toan Associa~~on MY CQ' ~':~,~'iS PL 9 1974 Of Fo:t P.eree tf(.P...c., it~F!v;1i;N FRED W. DIE$TELNORST fort Pic~rce. Fiori;l~ ~ ~ ~ ~~Q ~fCaNDEO This instrumer.t Prepared ByJohn W. Collins :~=IUC~: :.UJNIr fLA. s "rirst Federa~ Savings $ loan Associatian ~ ROCE~+ =~:;q~s ~ ~ of Fort Pierce , FloYida O R~ pF ~F,~yr`; ~r~~-~T ~OURT ~ ~ ~00!( 1~ PACE 1515 M~ n Checked By ' 3 44 PH ~7~ ~ ~ 24~82'7 1 S ~ ~ - - - - _ _ . - - - - - - - - - 4-~ ' - ~ `2£~ 1ns~.~3«.:..~~°~r_~r"w. ._f~ , . . : _ r.. . . . ~ _d~~ _r