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Home My WebLink About0954 To plac~ and conrinuou~ly kesp on ~he bui:dir~~ now w hsreaftt~ siruat~ on said land and on ~11 equipmcnl and p~rtonally tover~d by 1hi~ morl¢ aQ~. wi~h all p~miums thereon p~~d in full, fire i~~ur+nce in th~ ~sual ~undard poti~y fam, in a tum ~pprowd by tM MORtGAGEE, and windstam iruuranc~ in tM ~nwl fu~dard pol~cy fam, in a sum app~oved by ~M MORTGAGEE, tn wch 'company w companie~ u the AAORTGAGEE may dincry ~nd aU fi~e and w~ndstorm insur~nct policies on ~~y of t~id buildinp~, any interest the~ein or part theraoi, in tM +~reyat~ wm afwesaid a In ~acNS ~Mrwt. ~hall contain ~M usual s~andard mor~9ay~ee claus~ a iuch othK clavs~ ~s tM Matyape~ may requ;r~. m~kinp tM iosi unda a~~d polF de~. each ~nd every, payable to isid MQRTGAGEf as ih intereil may ~ppear, and each and eve.y t~rch policy ~hall be promp~ly ass.gned ~nd delivered ~o any hetd by said MORiGAGEE as tur~her sccurity to said mw~yaye deb~, ~nd, no1 leu 1Fw~ ten (101 days i~ ~dvance of the expiration of e+ch poiicy, to da livtr to said MORTGAGEE • nnewal thereof, to~e~Fw with a rccapl for the p~emium oi such renewah a~?d then thall be no i~~e o? winds~orm insu~+nc~ plaud on any of said buildirps, any interesl there~n or psrl thereof, w,less in tl+~ fum and with tM Iw~ payable as ~taeiaid: ~nd in ~F» eveM any ium of money becanp payabl~ under such polity a pol~cies said MORTGAGEE shall have ~he option to ~eceive and ~pply the iame on accarnt o( the indebred- neu utured 1Kteby Or ro petmit sait! ly{QRTGAGORS to ~eteive and vs~ i/ p eny part tbereof Iw othcr purposes, wi~hout Ihar~b~ waivi~~g w u~+pair- . iny any equity, lien w right ~nder or by virtus of thii morsgage; snd in t1w ~vcN w~d MORTGAGORS shall fw ~ny reason fail to keep the tsid {xemists w insured, or fail ro delive~ p~omptly ~ny of said policies of insurarxe to said MORTGAGfE, w fail promptly to pay fully any pre~nium therefor or in any iespect fail ro perforr~, dixharge, execute, effect, complete, comply with se+d abide by this rnvenant, w any psrt hereof, ssid MORTGAGEE may place and paY (w such insurancs w any pan Ihereof without waiving w affactinp ~~y option, lien. cqvity. or righf under w by virtue oi this Mortgaga. and tbe iult amount of each and every such payment ~Ml! bs immedistely due and psy~ble and :hall besr intere~t from ths date ~hereof until paid at ~ha ~a~e ol nine pe? tentum per annum and to~ethe~ with such interest shall be secured by tM lien of this mottgags. 1. To permil, commit ar suffer no waste, impairment or dereriwation of said properry p a~y pan thereof. S. To pay all and singular tl+e cosn, charges and expc~nses, indudirg a reasonable attorney i fee and wstt ot abstractt of title, i~cwred or pa;d af eny time by said MORTGAG:E, betause w in the avent of the failure on the pa~t of tM said MORiGAGOR to duly, promptly and fully periwm, d~xharge, rxecute, effect, complete, comply with and abtde by each and eve~y the s~ipulat~ons, agreements, condi~ions, and wvenann oi said promissory nofe and this mongays any a either, and said costs, charges and expenus, each and every, shall be immediately due and p~yabte; whether or not there be notice d~ mand, attempt to co11M a suit pendirg; srn! the full amouM of each and every tuch psymem shall bea? interest from 1he date thereof vntil paid at tF+e rate of nine per centum per an~~um; and all said tosts, charges and expe~us incurred p paid, togetl~r with such inte~est, shal! be secured by 1he lien of this rnortyag~. 6. That (s) in the event of any breach of this Nbrtgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly arx! fully paid within thi?ty (30) days next after the same severally betome due and payable, without demand or notite. ~ or in the event each and every Ihe stipulations, sgreements, conditions and corenams of sald pr~+missory note and ihis mortgage aoy or either are nol ~uly, promptly and fully performed, d~scharged, exec~ted, effected, completed, compGed w~th and abided Sy, then in either or any such event the aa~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest acuued, and all moneys setured hereby, shall betome due snd pay- able forthwith, or thereafter, at ~he opt~on of said MORTGAGEE, as fully and comple+ely as if all of the said sums of money were orginally supulated to be paid on suth day, anything in sa;d p~omisswy note or in this Mortgage to the contrary notwithstanding; and rhereupon or thereafter at the option of said MORiGAGFF, without notice or demand, suit at law o? in equity, therefae or thereafter beg~n, may be prosecuted as if ell mo~eys secured he?eby had rtNtured pnor to its institution_ 7. ihat in the event that at the beginning of or at any time pending any suit upoo tF~is Mo~tgage, w to foreclose it, w to reform it, w to enfo~te payment of any claims 1+e~evnder, said MORTGAGEE shall apply to the Court having jurisdiction thereof fw the appo~ntment of a Receiver, svch Cour~ shall Forthwith appoint a receiver of said mwtgaged property all and singular, irxlud~rg all and singu~ar the income, profits, issues and revenues from whatever source derived, eacfi and every of wh~ch, it being expressly undersrood, is hrreby morrgaged at if specifically set fath and described in the granting and habendum clurses hereof, and such Receiver shall have all the broad a~d effective func~~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shalt be made by such Court as an sdmitted equity and a matter of absolute right fo said MORTGAGEf, and without referer~ce to the adequacy or inadequaty of the value of 1F~e propery mortgaged or to the wtvency or insolvency of said MORTGAGOR w the defenda~ts, and that such renrs, profin, income, iuues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Courf. 8. To duly, promptfy ar+d fu!!y perform, discharge, execute, effect, complete, comply w7th and ab'~ by each and evcry the stipulations, agrcements, conditions and covenants in said promisswy-oote and this mortgage set iorth_ 9. That in the event the ownership of the mortgaged premises, w any part the~eof, becomes vested in a person other ihan the Ifi~ORTGAGpR, the !~t~RTGAGEE, its successors and auigns, may, wirhout notice to the MORTGAOR, dea! with such successor a successor i~ interest with reference to ihis mortgage and the debt hereby secured in the same manner as with Mortgaga without in any way vitiatirg p d~uharging the Mortgagors liability herr under or upon the debt hereby secured. No sale of the premius hereby mortgsged and no forbearance on fhe part oF the MORTGAGEf a its sutcesson or ass;gns and no exte~s~on of the time for the paymenl of the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate ro release, dixharge, modify change or affect the wiginal liability of the MORTGAGOR F?erein, eitixr in whole or in part. 10_ It is specifically agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder w of the obligation se- cured hereby shall at any time thereaffer be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In add:tio~ to the fwego'ng month}y payments of princ~pal and interest required by the promissory note secured hereby, morfgagor tovenants and agrees to pay to mortgagee with each monthly payrnent an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annuat cost of the fotlow- ing: a-au ?eal property taxes levied or assessed against the above desnibed real estate. B-Premiums on fire and windstorm insurance as herein req~:red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mwtgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shalf from time to time notify mortgagor in writing of the amount due and payable he~eunder and suth sum sball fhereupon be due and Fayable on the due date of the next month!y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such an,ount. Such sums sFaH be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~xJ mwtgage guaranty insurance premiums. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto ut his hand and seal the. day and year first afwesaid. Sig~ed, Sealed and delivered in th -preserxe of: ~ j J ~ , a~ ~ s~~ ' ~ sNn ~ i ' ` , Antia B. Ross , rc.ap STATE OF FIORIDA ' - ~ couNn oF _ St. Luc~ j~' 4 Before me personally appeared Robert B• ~'OSS and nna B~ j'.~~ his wife, to me well k~own and known to me to be the indiviciuats desuibed in and who executed tke foregoing insf~ument, and ackrwwJedged befoie me that tl~ey executed the sarrK for the purposes ' rherein expressed. And the said Anna B Fpae w~fe of the said RObert FOa~ upon s sepsrate and privats examination by me taken separate and apart irom her said husband, adcrawledged to snd before rne that she executed said instrumeM f~ee{y and volun- tar;ty and without any compulsion, consrrainr, apprehension, w fear of or f her said husband. - WITNESS my hand and officia! seal this ~'7~~-. day f M `=3'A: `~,197~_ . , -~C A_'-~'~ ` ~ Notary Public in and for the Stafe jdrida~ ~ ps•. . ~ My Commiuiw~ expires: - . - , . _ = Rerurn To: ~ ` ~ ~ First Federal Savings E~ loan Association ~j MY COA{~1~31~ p~RE~E~,`~9; jgj5 Of Fo~t P~erce. Bona~ ~Iru Ge~r~~5~~s~u V~~t~n. Fort Pier~e, Florida ~ROEO ' • filE~~1E COUti Y tLA~ ~i ~ t,; ~ 4~' _ S~.IU . ROCEAP41SR1?5 L . , CLERK CtftC~~T CONIIt This Instrument Prepared By Gary F. Bl~rood ~E~pAp ~ER`•f~E~ First Federal Savings & Loan Association `O 11 of Fort Pierce : Florida ~ ~j ~ Checked By 25U554 Fo~RK21~ PAGf 954 . ~