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Home My WebLink About0739 . • + ~ ~o plac~ and conti~vou~ly keep on tFK bu~;d~~s now w Mreai~er ~~twts on ~a~d I~nd and on all equ~pmero and person~Uy cove~ed by ~hi~ n,wep. ~ p~. with ~11 prKniums thereon pa~d i~ full. lire in~vra~ct in iM uswl ttanda~d polity (orm, in ~•um approved by ths MORiGAGEE, ~nd w~~ds~wm ; ~^swanc~ ln ~M u~ual ~r~ndard pol.q fwm, in a~um approv~d by ~Iw N?ORiGAGEE, ir+ such campa~y a compan~e~ as ~M MORTGAGEE may i dir~ctj and al) lir~ ~~d w~~d~eorm inwranc~ policiet on My of fa~d bvild~Ig{~ afly Iflt~f0f1 IFINOIII 01 part ~hereol, in ~h~ a9qrcy~re wm afwesaid a ~ tn ~xc~ss thereof, iMil contain ~1w usuat •~andud margayN claus~ a~uch o~htr clau~ tM Matya9ae may reqv~re, maAi~p the iou under ia~d poli~ ues, e~ch and evKy, payablt lo said MORIGAGEE as ~ts in~eresl may ~pptu, and each and_~very sucA pot~cy ahall b! p~pmptly augncd and del~vered ro ~ny held by sa~d MORfGAGEE as (ur~ha sccurity to uid mat9a9e dcbf, and, not leu tM~ ten (101 day~ ;n adva~ue of ~he expiration of sach policy, to dr liv~r to said MORTGAGEE a renewai Ihereof, to9ether with a receipt fw tAe premium of iuch ~enewal; and Ihrre shall be no f~re o~ wi~dsto~m insur~nc~ plat~d pn ~ny oi said building~, any i~teresl therein w pu1 thereof, unless in iFw (orm and with the loss payabte as a(o~euid; and in tha event any sum ~ cf mauy becantt payable unde+ suth policy a pol~ties uid MORTGAGEE shall have the optan to roce~ve and apply the tame o~ accoum oi the indebted~ _ ness secu~ed he.eby or lo pe~mit ~aid MORTGAGORS lo reteive ar~d us~ il p any part thereol tor otncr pu~poses, withovt ihsr. u~ wafvin,3 or unpair- } ~~y +~y epv~ty, lie~ or riyhl undcr w by virtue of this masyage; ~nd in tFa srent w~d MORTGAG01t5 sball fa any reason (sil to keep the sa~d premisas so , iniured, q fail ro deliver promptly any of said polKies of insurance to taid MORTGAGEE, w lail prompHy to pay fulty any pre~n~um therefor a in any respec~ fail to pafam, d~scharge, execute, effect, car.plete, comply with snd ab~ds by thii covenant, w any part hereoF, said MORiGAGfE may place a~~d pay far such insu.ance o~ any part thcreof wi~hout waiving w ~fFectiny sny optior?, lien, equity, a right unde~ a by virtue of rhis Mw~gage, and the full amount of e+ch and every such payment shalt be immediately due and p~yable and shall be~r interes~ from the date the~eoi until paid at the ra~e ol n~ne per centum per annum and together with such interesr shall be secured by t}~e lien of this mo+tgage. To petmit, tommit or sufler no waste, impairment a deterioretion of said properry q any psrt thereof. S. ?o pay all and singul~r tfie cosis, charges and expenxs, including a reasonable sttaney i fee and cos~s of absfractt of title, incurred or pa~d a~ any time by said MORTGAGEE, becaux or in Ihe event of the failure o~ the part oF the said MORTGAGOR to duly, promptly and fuliy perfo?m, d~scharge, execute, etietr, comptere, compty w~th and ab:de by each and evcry ~he stipulat~ons, agreements, cond~tions, and covenants of sa~d promiswry note and this mortgage iny a either,~and sa~d coab, charges and expenses, cach and every, shall be immediately due and payable; whethcr a not the~e be notice de mand, attempt to collect w iuit pend~ng; and the full amount of each and every such payment shall bea. inte~t~f from the date thereof until paid a? the raie of nine per crnt~m per annum; and all uid costs, chargea and expenses incurred a paid, together w~th such interest, shall be secured by the lien of thi~ mort9aye. i 6. That (s) in tM event of any breach of this lNortgage or default on the part of the l4lORTGAGOR, w(b) in the event any of sn;d sums of money { herein reterred to bs not promprty and f~liy paid within th~rty (30) days nex~ after the same severaily tecome due and payable, wi~hoW demand or notice, ~ or (c) in the eve~t rach and every 1F,e stipulafions, agreements, conditions and covenants of sa.d promissory note and th~s mortgage any w eithcr are not , iuly, prompdy snd fulty prrformed, d~uharged, execured, effected, complered, compl;ed wifh and ab~ded by, then ~n.elther w any such event the sa~d ag gregate sum rt+entio~ed in said promisswy note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay able forthwith, or thereaiter, at the option of said MORTGAGEE, as fully and compterely as i( alt of the said :ums oi money were a;ginally st~pulated to be paed on svch day, anything in sa:d promisswy note or in lhis Morigage to the conrrary norwi~hstand~ng; and thereupon w tl~ereafte~ at the optton of sa~d MORTGAGEE, without notite w demartd, suit at law or in equity, ther~(ore w tF~erea(ter begun, may be prosecuted as if afl moneys setured hereby had matu~ed pr~or to its instilutrort. 7. that in ~he event that at the beginn~ng of or at any time pending any su~t upon this Mwtgage, a to faec~ose it, w to ~efo~m it, or to enforce payment of any claims he~eunder, aaid MORTGAGEE shall apply to the Covrt having jurisd~ction thereof for the appointment of a Receiver, such Court shaU lorrhwith appo~nt a receiver of said mo~rgaged property aN and 3ingular, incSud:ng all and singulnr the income, prof~ts, issues and revenues from whatever source derived, each and evcry ot wh~ch, it be~ng expressly unders~ood, is hereby mwtgaged as ~f spec~tically set for~h and described in the granting ar+d habend~m davses lureof, and such Receiver shalf have all the broad and effect~ve funct,ons and powers in anywise entrusted by a Courf to a Receirer, and t~ch appointment shall be made by such Court as an adm~tted equity and a matte~ of absolute r~ght to said MORTGAGEE, and w~thout reierence to the adequacy a inadequacy of the value of the p.operty mwtgaged or ta the so~vency or ~nso~,rency of sa~d MORiGAGOR a the defendants, and that such .enrs, profits, income, iuves and reve~uea shall be applied by such Receive~ according to the lien w equity of said MORTGAGEE and the p~actice of such Court. 8. To duly, promp?ly and fully periorm, discharge, execute, effect, complete, comply w7th and abide by each and every the stipulations, agreements, cor,ditans and covena~ts in sa~d prom~ssory nore and th~s mortgage see forrh. 9. That in the event rhe owrte~shep of the matgaged premises, w any part thereof, becomes vested in s person other than the MORiGAGOR, the 1P,ORTGAGEE, its successors and assigns, may, without notice to the h10RTGAOR, deal with such auccessor or successor in interest with reference to this mortgage and the debt hereby setured in the same man~er as with Ntortgagw without in any way vitiating or d~scharging the Nbrrgagon' liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no (orbearan~e on the part of the MORTGAGEE o~ its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its succe:sws or assigns, atiall operate ro re~ease, diuharge, mod;ly ~hange or aftect t}~e original Iiability of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficatly agreed that 17me is of the e:sence of this contract and that no waive~ of any obligat~on hereunder or of the obtgaYwn sr c~red hereby sAall at any time th~reafter be he:d to be a waiyer of the terms hereof or of the instrument secured herby. i 11. In add~tion to the fo~ego:ng monthly payments of princ pal and intrrest required by the promissory note secu~ed hzreby, mortgagar covenants ~ and agrees to pay ~o mo:tgagee ,n~th each munthly ~yrnent an add~rionaL sum esr~ma~ed by mortgagee to be equai to 1~ 12 of the annual cost of the follow- ~~.g: ~ A-All real property taxes lev~ed or asses:cd agai~st thc above descr;5ed real estate. B-Premiums on fve and w~ndstorm inwra~ce as here~n requ:r~ to be carried en the improvements s~ruate on the above described premises. C-Premiums on svch mortg~ge g~aranty ir.surar.ce as mortgagee shail from t;me to time deem fit to tarry on the ban secured hereby. Mortgagee sha!1 irom time to t~me notify mortgagor i~ writ~ng of the amou~t due and payable hereunder and such sum shali ihereupon be due and cayable on the due date of the next month;y paymem and each successive momh thereaft_+ ur.til mortgager sha!1 notify mortqagor of a change in such t a^:ounJ. Such s~ms sha~l be applied by mortgagee tovvard the payment of real property taxes, insurance prem:ums, a~~d mwtgage guaranty insurante p~emiums. IN W11NE55 Y~HEREOF, the wid MORIGAGOR has hereunto set h~s hand and seal the day and year first afore aid. ~ Signed, Sealed and delive?ed in the piesence of: ~ ~ \ , ~ ~ ~ " al) i ~._,.l . c' ~ L~ , lL- o~a s A. s~a rais a~ ~ i ~ .~O/~TIIt D~S~ a 15 SeaO STATE OF FLORIDA ~ couNrr oF St. Lucie ~ 1 Before me perwnatly appeared ThO~W S/~ . Des~a ra i s and .lOA!?11 ~;1a !a 13 his wife, to me well known and known to me to be the individuals described in and who exec t the f oi inst ument, and ackrwwied ed befwe me that they executed the tor fhe. es therein expressed. Ar,d the said ~ ~~~Ia2S 9 . ~l : . ~ «,re or ~r,~ said ?hoaas A. Desaarais • ~ ~ r kpoA a~ps rafe~a?id•pffveq e:amination by me taken separate and apar! from her said husband, stknowledged to and before me tFwt she exec~ted said,~nstrum~tt f/~ely"ind _vA~~G ta.it~ and without any computsion, constraint, apprehension, or fear of w from her said husband_ ~ - - i7 _ - WITNESS my hand and official seal this-~i ~t daY of - March ~ „ A. D. lq~,~ J " ~ J• G ti• . otary Public in a~+d for t Stat id'' '•Gir~ 3 _ -N1y Comm;ssion expires: i"•, i.,~ T~ r,`l~~ . Return To: ~1lRY PUBL(C ~SYAi~~A(~p~RIDA ~t LARGf Fint Federal Savings b loan Association ~T CQMMISSIQN EXPIRES DEC. 29, 1975 Of fort P~erce- BondeO Tb,u Gtne~al Irtsitr~N~e tjnQervrnters, ~ Fort Pierce, Florida iLLEO ~tt^ +tECORCEd ' tT.lUCIf COUNTY Fl~ ROvE~ ?O:TRA$ `,~1~ lERK C~56Wi COUI1t t' 1 - This Instrument Prepared By 7~OQQOi, Dennis Holerc~~'OR~` YE~ ??E~...~....i . First Federal Savings 8 Loan Association of Fort Pierce~ Florida I~u 13 3 ia PM Checked BY 250412 BbOK PA(;t ~c3~ ks 3 ~ ."`a:^~'Yy.? ~ _ _ . _ _ _ _ - " _ _ ' ' . _ ~ _ ' ~ ~ _ : I ~i a[' ~ a cf~ 3'.a Z A'~ . ~