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Home My WebLink About1899 To p~ace •nd conri~vously ?c~;. en ~he bu:;d~ngs n~w o~ heraafrer snuur on tald iand and ~n sL' ~v~vl~n~ent a~af pr~sw+ally :overrd by ~h~s mong~ +gs, w~th all premi~•ms t~eraon pa•d ~n tuil, f~re insurance ~n iha ~s~at sani~d po1¢y fwm, in a sum apwo~;d by the MOk7::.>GEE, and w~nds~wm inwrer.ce in rhe uswl ieanda:d poLty ionn, ;n a s~m approyed by the AWRT3AGEE, in auch ca~.psny o~ cxnpan:es as ~f.e MCRTGAGEE e+ay d~rett; anJ at1 fu• and w~nds~orm insura~ce poiK~aa a~ aoy oi ~a~d bu:~d~ngs, any inters~t thecrin or part thrr~i, in ~he agg~~ga~e s~m aiaasa~d w in exccss thcreaf, shall ca~tain ihe ~sval s~andard mw~ga,~v ctause w s~h orher ~tauie a the Margayr may requr~, ma\~ng *hr ~osi ~nckv sa d polr e~es, esch and ev~y, E+ayabla ~o sa~ 11~ORTGACEE as ~1s im~resr may appear. r.,d each and eve~y such po:~~y shaU be p~o~~p~ly assg~~cd ar.d de~~vcred ~o •ny hetd by s,ud V10RiGAGEE as tunt+er sccw~ty io sa~d mu~gag~ ~bt, and, not i~ss ~Fwo ten (~0? dayi ln advance of rhe e,ep:+a?~on of e~ch poi;cy, ~a de- livea to said lNORI(iAGEE • rcnewil therrof, ~~ge~her w~th a r~ceipt fW tAe premwm ot s~ch rancwat; and the~e st~all p~ op f.re er wu~dstw.n ir.surance p~xed on any of sud bvild~+.g~, any interei~ •he~e~n or pa~t thereol. ~~le:s ~n ~he fwm and wi~A the tou payabte rs s(oresaid; and in ~Fe e~enl any tum ^~~Y becomes payzEle ~ndrr wch poticy o~ ppl~c:rs said MORiGAGfE ~hell bave ~ha opr:on to rec~ire and appty the sama on accoun~ of ~he irxl~o~~d- ness secu~ed hereby a ro pam~~~ sald MORTGAGORS ro reca~vc ar~ uta it O° dny part Ih.::eOf i~ o:~+~`r 4u~F'~ses, yti~th.~ut th_•.u: ~vt..~n~ ~~~:poi~- ~~g +~Y eqv+ty, i~en w r~9ht undrr o~ by v~rtue o( this mc:egage; and in ~he ever~t sa:d MORTGAGORS sAail :or any reason fa;! to krep the sa~d pre~n~s_t sa fnw.ed, w feil ro deGver promptly any of sald po6ues of ~nsura~ue to sa~d MCRiGAGEE, a fa;l promptty to pay f~tiy any prr•,uum therelor w in any respet~ (ail ro perfpm, d~schary~, eaetuta, effect, cac~p!ete, comply wnA and abidt by this covsnant, a any part htrrot, said MuRiGAGEE may ~uace a~~d pay iw such i~surance or any part thertoF withou~ waiving o~ aHetling any option, lien, equ~ty. or ngh~ undtv or hy viitue of ehES hlatgage. and tF~t full ~mount of rach and e.ery such payment shatl be i~r.~ned;a~ely due and pa~~abie and sAall btar interest Irum the date thereof un~ii pa~d at the rate ol n~rK p~r centum per a~n~:n and to3r:hrr Nith suth intrrrst shaii tx stcured by the lien of th~s moregagt. t. To permif, tommit or suffer rw wasre, impairment or dereriorarion of said propavty o! any pad therrof. 5. To pay all and ~ng~,lu the costs, cMrgcs and exyx~~ses, includ~nq a reason.a41~ attorney i fee and cos?a of abseracts ot r~tle, incurred w pa~d at rny tim.e by said MORTGAG:E, because or in tF~e cvent of thc fa~'ure on the part ot the said MORiGA('iOR to duly, pro~npNy snd fuUy prrlorm, d~scha~ge, rsecu~e, effect, complere. <omply wnh and ab:de by ea;A and every rhe srlp~,larrons, agreernenrs, cond;twns, a„d covenanrs of sa~d p~omissory ~ote a~~d ~h~~ ~~ortgage any o~ e~ther, and sa:d costs, chargcs and expenses, each znd every, shail bc 9m~~ed~ateiy due and payeb:a; wheehcr a noi ~here be not~ce d~ mand, atte+npt to collec? w wit pcrxl~rtg; and thr tull amount of cw:h and eveiy such payment shed bea. imerest trom ~he date rhereof unril p~id at ~he .~re ol n~~~e per canrum per an~+L:n; arw all said costs, charges and ea;.z~sea incurred o~ pa~d, togethrr w~1h such interest, ahall be secured by the i~en of th~~ mprtgagO. 6. That (a) i~ the event of any breach of lhis Mortgage w defa~lt on the part of the MORiGAGOR, a(b) in the event ~ny of sa:d svms of mo~ey herein refe~red ro be nat Franptly and fv7ly pa;d w~rh,n tha:ty (30) dsys next after the same aevera!ly b:corr.e due and payabte, without demand a no~ice. or (c) in thr evem rach and every the u~puiat~w~s, =~reeme~n, cond~tions and covMants of sa.d prom~sso~y note a~d th~s mortgage any or e~the~ are nol ~v;y, prompNy and (ully parformed, dac6arged, execu~ed, ef(ected, compteted, compl~ed w~rh and ab~ded Sy, i?xn c~rher w any such event the sa~d ag- gregate sum memioned io said promissory note then remaini»g unpa~d, wirh interes~ accrucd, and at1 moneys secured hereby, slwfl brcome due and psy- aD',e forthwirh, or ~hereafter, at ~he optlon of sa~d MOAiGAGfE, as ful!y and cort:pletrly as if atl of the sa:d sums of mooey were orgina7ly st~pu;ated ro be pa;d on svch day, anyth;ng in sa:d pro,n,uory noee or in thi: ldortgage to ~he comrary notwilnstand~ng: and thereupon a thereafrer st the opnon of sa:d MORTGAGEE, wi~hout not~ce or demand, suit at Ia+v w in equiry, therefae w theaeafra begvn, may be proxcu~cd as if all moneys secured hereby n;d mawred pnor ro rts ins~itutew~. 7. Thar in rhe event that at the begfnn;ny of o~ at any t,me pend~ng any w~r upon ~his Morrgsge, o~ to fwectose iL w to ~eform it, or to enfwce payment of any tla+ms he~eur.der, said MORTGAGEE sha~t app!y to the Court having ~ur~sd~ctipn thereof fw the appointment of a Receiver, such Court shail fcrrhvvith appo~nf a receiver of said mortgaged property ati and singula~, incfud,ng aU and s~rgvlar the income, prof.rs, issues and revenues fro.m whatever source derived, each and e~ery oi wh:ch, it being express!y underuood, is hereby mwtga~ed as if +pec,ficai:y set forth and deuribed in the granring a~d hstendum clauses hereof, acid such Receiver shali havr all the broad and effective funa~ons ar.d powers in anywise eosrusted by a Court ro a Receiver, and s~ch appointrtir~» shall be made by such tourt as an ad~n;rtrd eq~~ty and s m~~rer of a4so:ute nghf to said MORTGAGEE, a~d w~~hout re(errnce to the ndequacy a inadrquacy of tnr va+ue of the proorrty morrgaged or fo the so:vency or ~nsN:~:a:y oi said MGQiGAGOR p the defer.da~es, and rhat auch re~ts, profits, income, ~ssues and revenues shal( be app;~ed Gy such Recr~ver accord~ng ro rhe lien a equuy ot sa;d MORTGAGFE and rhe pract~ce of s~ch Court, ~ 8. To d~ty, prompt:y and (ully p~vfo~m, d+scharge, execute, effect, complete, compiy wi~h and ab~de by each and e~e.y tFx stipu(ations, agrecments, cond;tans and covenan~s ~n u~d promissory note and th~s mortgage set fwth_ - 9. That in the eve~t tF,e ownersh~p o( the mortgaged premisrs, or any part tiie~ecf, becorriea vested in s pe~wn other than the MORTGAGOR, the '~'•ORTGAGEE, its succeasors and ass~gns. may, witho~t noTice to th! MpRTGAOR, deal with such successa or successor in interest wi~h reference to this ^~o~~gage and the deb~ h~reby xcured in ~h~ same ownner as w~sh N~rtgagw w;tFwut in any way vit~ating a d~xharg~ng the Mortgagors' liabiiiy here- under or upon the debt hereb~ sec~red. No sate of the Frem%ses hereby mortgaged ard no forbeara.ue on ~he part of the N10RTGAGEE w its successors or assigns and no exte~s±on of the ~ime for the payment of the debf hereby sccur~d given by the MORiGAGEE or its succeuors or au;gns, ahatt operate ro release, d~scharge, modify change or af(ect the orig~nal liab~4ty of the NAR7GAGOR ?+erein, eifher in whote a in part_ tQ. It is spec~fFcally agreed rhaf t~me ~s of the essence of rh:s conrrsct and that no waiver of any obs~gar~on hereunder or of the obligation se- cured hereby shali at any time thereaher be held to be a wa~ver of the terms here~f or of the instrumer.t secured herby. I1_ In add~tio~ ro :he iorego'ng monthly paym:nts of pri~c'pal and ~nrerest required by the pror.~~sscry no!e secured hereby, mortga~or covenants and a~rees ro pay to mo:rga~ee v~~th each monthiy payr.:ent an add~r7ona! sum asr+:rated by mortgagee ro be eq~at to 1, 12 of the annual cost of the follow- :n~: A-A!1 real property ta¦es lev:_d or assessca ag:~i•ist thc aco•:e dex+ibed real estate_ ' B-Premiu:ns on f:re and w~nds.orm insvra~ce as ixre;n requ;red to be cas:~fd o~ the improveme~ts s~tuate on the above describe~ premises. . G-Prem~ums o~ such mwtg~ge gua.an~y insurar~ce as morega~ee shall from r me to rime deem fit ro tarry on tFK Ioan secured h¢reby. Mortga~ee sha!1 from ri-ne to tiT.e nor~fy martgagor ~n wr~t~ng of the amou~t dve and payable hereunder and s~~ch su-n shail !hereupon be due and ; ayable on the d~r date of ~he next m.onthiy paymrm and each wccessive month thereaf~_r ur.til rtwrtgagee sha!1 ootify mortgagor of a change in such _~-,ount. $uch sums Shai1 be app.ied by morfgager To~nard the paymeni of te~l prope~ty taxes, insurance prem;ums, a~x! mortgage guaranty insurance :;~e~niums. IPi L'~lTNEaS 'NHEREOf, the sa~d MORTG GOR has here~~to set his hand and seal the day arx! year first afwesatd. Sgned, Sealed a:x! ' ered ''f the prese e of: ~ ^ ; ~ ~ / 1 ~~uC~G'~ ~'~-e_5~~~3,Lu L~iL~=~'r~ tbeaq ' - Bernice ackson Al1en. a si~~e - - adul~~an • ,'f / (Seaq SiATE OF fLORtDA t ~ CGUNTY OF St. Lucie ; ~ I I Before me personally appeared Bernice ?ackson Allen, a single adult ~ ' x~ to me well k.wwn and known to me to be r'+e individual descr;bed in and who executed the foregoirg instrument, and acknawledged before me that Shgexecuted the sa:me for the pwposes f rherein expressed. ; + . r WITNESS my harv/ and officia! seal thi: ~i f i~. _ j ~ y' ' ` day of ~ ~ :.7~.s...~-, 1! I 1 ! . ~ ~ ~ 'l. ' • ~ f : N~1ary Publit in and fo~' tF~e 5~t~ of i~ ta ~ q ~ My Comm~uioo expires:~ .O ~ Retum To: 1 tif ~ - , Firit federal $avin~s 3 loan Asspc;ation 2 2(~;s ~ 1} ~ J ' ~ Of Fort V•^r~~. ''i i ' 4 ' • . fort P~erce. ficrida ~ v T~tT~ f~ ~~rt ~ :.~-~•,~DE , ~ ~?~iC~:, „~+JIIT~'f~ +GLfbl( : i j.':pl.s ~ This Instrument Prepared By Gary F. Bllwood Rf~f''~ 1r: .-;T" ~O~T First Federa) Sa~ings 8 Loan Association of Fort Pierce Flozida ~ v~~Z ~'l3 Checked By - 2'.4;~+~81 80DK ~1~ ~'ACf ~8ey7 sb ~ ' ' . : - - - - - - - - - ~ _ ' x ~~""'~~,~3 . _'.j rE v~~'] . _ '9"v.~.e