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Home My WebLink About0148 To pl~c~ ~nd con~inuously keep on the bui!d~ngs now a h~rea(tN ~i~wtt on ~~id tand and o~ all equ~pm~nr ~nd p~.wnally cowa~d by ~M+ ma~ p~, w~?h pr~mium~ the.con pa;d in fuil, fi,e insurance in th~ uswi sundard policy tum, in a wm app~ov~d by tM MORiGAGEE, and winds+wm inwranc~ in tM uawl frandud pohcy fam, in a sum appioved by tM MQRTGAGEE, in wch ca++pany a compa~ies a fl» MORTG`?GEf rnay d'uectj ~~d all tir~ and w~nds~orm insur~nce policies on any ot said build;nQi, any inhr~~? the.ein w part tMr~o(, in tM +~rep~tt wm ~tortuid a in ~xc~ss thereof, ~hall contain the u~ual i~andard ma~gaye~ ctauss w iucl~ othK dauw u ~M Ma~9aga~ may rpvu~. m~Airg Iht loq unda~ ad poti ci~s, ~xh ~nd eYery. paysble ro iaid A\ORTGAGEE ~s iq intere~t may app~ar, and e~ch and tv~~y :uch policy shall be paomp~ly au.p~+ed ~nd delivKed to +ny hsld by siid MORIGAGEE ai ivr~her sec~rity to uid matgaye debt, and, r+ot tea ~han ten (10) d~yf in ~dvance oi ~he ~apir~tion of fKF? POlity, to d~- IivN lo aaid MORTGAGEE a re~ewal Ihereof, tage~hK with a receipl fot the pr~mivm o1 svch re~ewal; and ~here shall be no (ir~ o? windsto~m iruv.~~te ptaad on ~ny of taid build~ngs, any inrerest there~n a part thereol, unlru in ~I+~ form u~d with ?F+~ lou payabl~ ai afaesaid; ~nd in ~FK evem ~ny s~m of money become~ payable under suth polity w politie~ taid MORTGAGEE ~hall have ~M opt~or? to receive and apply the ~ame on accouM oi tM indab~ad~ ness uswed hercby a ro perm~t sa~d MORTGAGORS to ~cceive ~nd use it o~ any pert thereaf tor onc~r purpoxrs, w:~Fw~f thr~~oj wa~ving w~mpair- iny any eqvity, lien w right under or by virtue of this mo:tpage; snd in the event said MORTGAGORS shall fot any ~easo~ fait to keep the said prtmius so ~~tu~ed, W f~il to delive. promptly any of said polities of insu.a~ce to iaid MORTGAGEE, w fail promptly 1o pay fu~ly any pre~ni~m the~efor p In anr reipac~ fai~ ro perfwm, d+scherge, execute, ef(ect, compiete, comply wi~h and ~bid~ by ~h~i cove~am, or ~ny part hereof, said MORTGAGEE may pl~ce and paY fw ~uch insurance u any parl thereof without waiving o~ ~ifectinp any option, lien, eqv~ty. or ~ight under or by virtue of this Mortgagc. ~nd tht full arnount of each and every such paymeet shalt bs imrned;stety dw aed payable ant) shall bear interesl from Ihe date thereof umil paid at the rate ol nine psr centum per annum and ~o~e?her wiih iuch interest sha~l be secured by the lien of this mo!t9age. 1. To permit, commit w suffer no waste, impairment w dNerioration of said property o~ any part thereof. 5. To pay all and singular the costs, charges and expenus, including s reasanable snwney i fee and costs of abstracts of tit~e, incurrcd w pa~d at any time by uid MORiGAG~f, becauu or in the event of the failure on the part of tAa said MORTGAGOR to duly, promptly and fWly perform, d~xharg~, execute, effect, complete, comply with and ab;de by each and every the stipirlatiorta, sgreemenri, condi~ions, and covenants o~ u~d promissory note and thio mortgage any or either, a~xl sa~d costs, chargea and expenxs, each and every, ihatl be immediatefy due ard payable; whe?he? o~ not fhero be notice de~ mand, anempt ro cotkcf a suit pending; and the f~tl artw~m of each and everyr such payment sAall bea~ i.~terest (rom the d~te thereof uroi! psid af the rate of nine per centum per an~~um; and all said costs, charges and expenses inturred o~ paid, logether w~th suth interest, shall be secured by the lien of this mwtgagt. b. That (a) in the event of any breach of this Mortgage or default oo the part of the MORTGAGpR, o? (b) in the event sny of said sums of money herein referred to be not promptly and fully paid within thirty (30} days ~uxt atter the same se~erally become due ~nd payable, withouf dema~d w notice. o? (cj in the event each and every ~he stipufateons, agreements, tonditio~is and coverwnts of sa:d promissory note aod th~s morlgage any w either are o01 ~uly, promptly and fully p~~formed, d:scharged, executed, effectcd, compte~ed, complied w~th and ab~ded by, then in either or any such evenl the said ag- gregate s~m mentioned in said promissory note then remaining unpaid, with interest accrued, and att moneys secured hereby, shall become dw and pay- - able forthwirh, w'theieafter, at tAe opT+on of sa~d MORiGAGEE, as fully and completely as if all of the said sums of money were aginaily it~putated ~n be pa~d on such day, anything in said promisswy note or in this Mortgage to ~he contrary notwi~hs~anding; and ~he~eupon or thereafter a~ ~he option of said MORTGAGfE, without norice or demartd, suit at !aw a in equity, the+efore w thereaiter 6egun, may be prosecuted as if all moneys setured hereby had matured pnor ro~ts institution. 7. Thaf in the event that at the beginning of or st s~y time pending any suit upon this Matgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said INORTGAGEE shall apply to the Court having ~wisd,ction rhe~eot fo~ the appointmeM of a Raeiver, such Court shall Iorthwith appoint a receive• of said mo~tgaged property all and sing~lnr, includ~ng aIl and s~ngular ~he income, proFita, iswes and revenues irom whatever source derivtd, each and every of which, it be~ng expressly understood, is hereby mo~tgeged as if specificatly set Forth and dewibed i~ 1he graming and habendum clavses hereof, and such Receiver ahalt have alt the broad and effeaive funcnons a~d powers in anyw~se emrusted by s Court to a Receiver, and wch.appointment shalt be made by such Court as an admitied equity ar+d a maner of absolute r~ght to sa~d MORTGAGEE, and without roference to the edequacy or inadequacy of the value of the property mexegaged o~ to the so~vency a;nsolvency oi said MORTGAGOR a the defendants, and that such rents, profits, income, issues and revenue: shall be app{ied 6y such Receive~ accwding to the lien or equity ot said MORiGAGEE and the practice of such Court, 8. To duty, promptly and fulty per{orm, discharge, eaecute, eFfecr, comptete, tomply wirh and abide by each ar~d ~every the stipulations, sgreements, conditions and covenants in aaid promissory note and this mwtgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any parl thereof, becomes vested in a pe~son other than the MORTGAGOR, tha h10RTGAGEE, its sucteuors and assigns, may, without notice to the MtORTGAOR, deal with such succeuor or successor in interest w",tl~ reference fo thia rnortgage a~d the debt he~eby secured in the same manner as w:th Mortgagor without in a~y way vitiating pr d~scharging the Mortgagors liability FKrr under w upon the debt hereby secu~ed. No sale of the premises hereby mortgaged and no forbearance on the part of the N10RTGAGEE or its successors or assigns and no extension of the rime for the payment of the deht h~reby secured given by the MORiGAGEE oi its suctessors or assigns, ahall operate ro release, d~scharge, modify changr or affect the orig~nal liability of the MORTGAGOR herein, either in whole a in-part. 10. It is specifically agrc*ed thaf time is of the esunce of thi: contract and that no waiver of any oblgation hereunder w of the obligation se- cvred hereby shatl at any time thereafter be hafd to be a waiver o# the terms hereof a of the insUumeM secured herby. 11. !rt add~r;on ro the fo~ege"ng monfbty paymems of princ pal and interest required by the promisso?y note secu~ed hereby, mongagdr tovenants and agrees to pay to mo:tgagee with each mon~hly payrnem an add:rional sum esrimared by mortgagee to be equal to 1~ 12 of the annual cqst of the follow- i ~~g: A-Ali reat property rarrs tevied o? assessed against the above desc.ibed rea~ estate. B-Premiums on f~re and windsto~m insvrar.ce as herein requ;red to be carrie~ on the emprovements situate on the above desvibed pr¢mises. C-Ptemiurr.s on such mortgage gua~anty ir.sv~ar:ce as mortgagee shatl frcm t~me to time deem fit to carry on the loan secured hereby. Mwtgagee sh.a~l from time to time notify mortgagor in writ~ng of the amount due and payabte he?eunder and such sum shall the~eupon be due and Fayab~e on fhe due date Qf rhe next monthly payment and each successive month thereaiter ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums sFail be app:~ed by mortgagee toward the payment of real prope~ty taxes, i~surance prem:ums, a~xl mortgage guaranty insurance p~emiums. IN WITPJESS VlHER~OF, fhe sa~d MORTGAGOR has hereunto set his hand and seal the day and year first a(oresaid. - Signal, Sealed and deiiv red in the presence of: ~ ~ , ~s~~n M ~ SeaQ - _ ' ~p .t"o- ~'lt___.t~, • ~t~~e ,~(sean Ruth A. Mozzis STATE OF FLORIDA ~ $'L . L.I~C1@ . , COUNTY OF ~ ~ Before me personally appeared N1~Yle Morris a~ Ruth A_ Mol~rie his wife, to me well known and known to me to bs the individuals deuribed in and who executed the foregoing instrument, and acknowtedged befwe me tlwf they execufed the same for the p~rposes rherein expressed. And the said R11t~2 a. Morzis wife of the said ~'~:rle E ~Z=15 vpon a separate and private examinat~on by me taken separate and apart from her said s nd, acknowledged to and befwe me that she executed said instr,~nr~ri~frd'Ny and volurr ta~ily and without any compulsion, constraiat, appr ion,~ear of or from her said husband. , s! ~ WITNE55 my iwnd. and official seat thi ~ day Mi1Ch '.•••~.~,~g ~ Notary ~ublic in a for the Sf~e:~f~F{o~ at rgw My CommiuiOn exp'ues: = ~c ~ ~ ~-.j : _ Retum To: , , . ~ ~ ~ ` _ First Federsl Savings 3 loan Association • . , c- C~ ^pt j~ J,,~~~ ~7 . ~ y Of Fort P:e:ce. . . '7.'~ ~9,~. ~ . Fort Pierce. Flor~da 249Q~ . . . t..,c ,,;~U,-,T~ ~,~p,,, ~+s v / y, . ~ ~ This Instrument Prepared ByJOhn W„ Collins flLED AND kECQiiDEO ST. ~UCIE C~UNTY fLA. First Federal Savings & Loan Association ROCEr POItRAS of Fort Pierce ~ F2orida CLFRK C~~~UlT COURT ~ R£C~RP V"F+:~!~~~~ Checked By M~ 19 ~ 41s PH'73 BJDK PAGE ~x~ ~ ~y." .i. . . _ . r ~`wa~^~-".'aa.Y~'~3`~a.3~6ir'r'~'a. = 'x.,,:.. u f~~~~ . . ~ ~'S~~ '