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Home My WebLink About1490 To pisct and continuously keep on the bui:d~ngs now a IKraaitK si~u~t~ on said I~nd ~nd on all equipnenl and ptnonally covered by this mal~ p~, with all premiumf thereon paid in (ull. tirs insuranca in ~M usw: slandard policy form, in • sum app~oved by tF?s MORIGAGEE, and wis+dflam iniuru~te in tM uiwl ~andud pol~cy fam, in ~ sum app+oved by tM MORTGAGEE, in s~ch comp~~y w canpanies ~s the MORTGAGEE may dinc~; and all fir~ and w~nds~orm insurance polic~es on any of said build~nps, ~ny imeresl ~herein w par~ ~he~wf, in tFw ay9reya~t Wm ~for~taid w in ~xc~ss the~eof, shall contain tM usval ~tendard mor~yapee cisu~~ a such otFw~ CIlYN b?M MWf9~N may requu~, maAirg the loss u~+de~ ~a~d polb cis~, each ~nd ~ve~y, payable to said MORTGAGEE as iti in?erest may appear, ard exh and every such policy ahall b~ promptly au.gned and del~vered to any hetd by said 1NORTGAGEE as turther tecurity to said ma~gag~ debt, and, not leu than ten (101 dayi in sdvance o/ ths ~xpiration of each polity, to dr livK b said MORTGAGEE a renewal th~reof, topell+N wilh a reuipt fw tht pr~mium ol such renewal; a~d there shall be rq fite or windstam insurante pl~ced on any of said buildings, ~ny i~tereit tM~ei~ a parl ~hereof, unk~s in ~M form ~nd with tM loss paYabl~ as aio~esaid; and in tl+e event any ium of money becomet payable undK such policy or poGcies said MORTGAGEE thall hav+ th~ opt~on to receive and appty the wme on account of the inclrbted- neu secu~ed hereby a ro permit aaid MORTGAGORS to ~Keive and use it q any pa~1 thereof la otf~cr purposes, w~thout thsreo~ wai~ing o~ m,pair in~ ~ny equity, lie~ a right under or by vireus of thi~ mor:gsg~; ~nd i~ the evcnt w~d MORTGAGORS ahall fw any roason fail to keep the s~id premisei so inaured, w fail to drliver promptly ~ny of said policies of insurance fo s~id MORiGAGEE, or fail p~omptly to pay fully any premi~m the~eta w. in any respact fail fo perForm, d~scha~ge, execute, efted, complete, ca~ply with ~nd ~bide by this covenan~, or any part he~eol, said MORiGAGEE may pl~ce and pay for such insurance or any put thereof without waivirg or aftedinp any opriw~, lien, equity, w right under p by virtue of this.Mwtga9e, and the ful~ amo~M of esch and every s~ch payment shall be immediately dw a~d payable ~nd s!»II bear interest from ths dat~ thereof un~il paid at the ~ate ol nine pe~ centum pe~ annum and to~ether with such interast sha{I tx secured by the lis~ of this mwtgage. 1. To permit, commit or sufFer no waste, impairrtxnt or deterioration of uid property w any parf thereof. 5. To pay all and singular the costs, charges and expenses, including a rcasonable attorney's fee and costs of abstracts of tiHe, i~curred or paid at any time by said MORTGAG:E, because a in the event of the failu~e on Ihe pa~1 of the said MORTGAGOR to duly, p.omptly and fully perform, dixharge, execu~e, elfect, comptete, comply with and ab~de by each and every tha atipuletwns, agreements, conditions, and covena~~ts of said promiuwy note artd this matgsge ~ny w either, and sa~d costs, char9es and expenses, cach and erNy, sMll be immediately due and payable; whether or not there be norice ds mand, attcmpt to collect or iuit pend~ng; and the fult amount of each and every such paymeM shall bea. interest from the date thereof until paid at the rate oi nine per cent~m prr an~~um; and all wid costs, charges and expenses inturred or paid, together with such inte~est, shall be secvred by the lien of thif morigage. 6. That (a) in the event of any breach of this Mortgage or default on the parf of the MORTGAGOR, or (b) in the event any of said sums of money herein referred lo be not promptly and fully paid within thirty (30) days next aiter Ihe same uverally become due and payable, without demand o? notice, or (c) in the event each and every the stipulations, agreements, cond~tions a~d covenants of uld promiswry note and th~s mortgage any or either are no1 ~uly, promptly and (ully performed, d~scharged, executed, effected, compteted, complied with and abidrd by, then in either or any such event the sa~d ag gregate sum mentioned in said promiuory rate then remaining unpaid, with interest accrued, and all moneys setured txreby, shall betome due and pay- able forthwith, or thereafte~, at the option of sa~d MORTGAGEE, as fully and completely as if all of the said sums of money were o?iginatly ttipulated ro be pa[d on such day, aoything in sa:d prom~ssory note or in this Mortgage to the contrary notwi~hstand~~g; and thereupoo w thereafter at the option of :aid MORTGAGEE, without notice or demand, suit at law w in equity, therefae ot thereafter begun, may be prosecuted u if all moneys secured hereby had matured pnot to its institution. 7. Thaf in the event that at the begi~ning of or af any time pending any suit upon this Mortgsge, o~ to fweclose it, or to refwm it, or to enfwce payment of any claims her~under, said MORTGAGEE shall apply to the Court Fiaving jvrisd~ction thereo} for the appointment of a Receiver, suth Co~A shall forthwith appoint a receiver of said mwtgaged property all and singula~, includ~ng atl and singular the income, prof~ts, issues artd revenues fran whatever source derived, each and every of which,. it being expressly understood, is hereby mortgaged as if speufically se1=~~th and described in the granting and habendum cisuses hereof, and such Rcceivrr shall have all the broad and effective funct~ons and powers in anywise e~ilrustgd by a Court to a Receiver, and :uch appointment shall be made by such Court as an admitted eqvity and a matter of absolute right to said NIqRTGAGEE, ~ aod without reference to the adequaty or inadeqvacy of the value of the properry mortgaged or to the sotvency or insolvency ot said AIi~RfGA~OR a the dpfe~dants, and that iuch rents, profits, income, issues and revenues shall be apptied 6y such Receiver according ln the lien or equityoT said MbATGAGEE and the practite of such Court. . ~ . • 8. To dufy, p?omptly and fully perfwm, diuharge, execute, eifecL complete, comply wifh ar.d abide by each and every ihe stipulat~ons, agrcements, conditions and covenams in sa~d promisswy note and th~s mortgsge set forth_ 9. That in the evem the ownership of the mortgaged premises, w any part thereof, becomes vested in s person other than the ARORTGAGOR, the } MORTGAGEE, its successors and assigns, may, withou't notice to the MORTGAOR, deat with such successor or successor in interest with ~ef~rente to this mortgage and the debt hereby secured in the same manner as with Nbrtgagor without in any way vitoating or dixharging the Mortgagors'~ li~bilhy' he~r under a upon the debt hereby secured. tJo sale of ~he premises hereby mortgaged and no forbearance on the part of the MORIGAGEE or ita waessors or assigns and no extension of the time fa the payment of tFe debt hereby secured given by the MORTGAGEE or its successo?s or assigns, ahall operate ro retease, d~uharge, modify change w affect the ociginal liab~lity of the MORiGAGOR herein, either in whole w in part. 10. It is spec~tically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder a of the obligation se- cured hereby sha~l at any time thereafter be held to be a waiver of the terms hereoi a of the instrument secured herby. I1_ In addition to the forego:ng monthly payme~ts of princ'pat and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthiy payrnent an addi~ional sum estinvated by mortgagee to be equal to 1%12 of the annual cost of the follow- in9: j A-All real property taxes lev~ed or assessed against the above described real estate. B-Premiums on fire and windstorm irtsurar.ce as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mwtgage guaranty insurarce as mortgagee shall fre~ t~me to time deem fit to carry on the ban secured hereby. Nlortgagee shall from time to time notify mortgagor in writing of the amount d~e and payable hereunder and such sum shall ihereupon be due and } I F.ayable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such , amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insura~ce ~ premiums. j IN WITNESS WHEREOF, ~the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ " ~S' ned, Sealed and elivered in the presence of: D ~ ~ ~ I ~ ~ ary ~ O W. RO ~ e~ t-~G ' ~ - sc,q ' Lula Mae Robe ~aq STATE Of FLORIDA ' SS. couNn oF St. Lucip ~ Before me penonally appeared ~~rqE W• RObey and Lula Mae ttobev his wife, to me well known and known fo me to be ~ the individuals described in and who executed tfie for ing instrtrment, and ackrwwledged before me that they exetuted the same for the purposes ?hercin expressed_ And tFro said ~ula Mae Robey wife of the said ~OYt]~ w. Robev upon s separate and privste examinaYwn by me taken separate and apart from her said husband, xknowledged to and befwe me that she executed said instrumeM freely and volurr tarily and withovt any compulsan, constraint, appreF n ion, fear of w from her said husbsnd. ~ WITNE55 my hand and official seal this_~ day of ~=Ch A. Q. 19~73 ~ . ~ , . - ~ i tary Pubfic in and for t a1e ~o N ige . ~ l~ y Commiuion expires: ~ . - ^ ~ . . . ~ Ret~m ro: IIW/IR1~ PUBLIC:.g~TAT~'d F~ORID~ at1AR6E First Federal Savings b loan Association INY CO~tSSIQtf EX~IRE$~UE~i.~29~ 1975 Of Fort P~erce. -r~erd ~rp (:~w~~ral~su~nee U~Qt?r+iten. Fort Pierce, Florida • ~ f LEO AM~ 4ECOROEO ~~j, " ~ f~. WCIE COUMTY fLA. ; ROCER PO!11tAS ~ yi':T',' . CIERK C~ci~UlT CQURT . ~ ~ This Instrument Prepared By J. H~ RobeZts~ JfECQ80VEF.! IEO.~..,..,.~ _ ~ First Federal Savings & Loan Association of Fort Pierce~ Florida ~ 1 9~9 ~~~3 ~ Checked By `~,~9~ 0 R ' 8ooK2~2 P~1490 ~ ~ r. G~ 2 : - - - - - ~ - - - _ . ^ ~ a ~,s- : ~ - ~~'~,w-.... -