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Home My WebLink About1677 J. To plx~ s~d con~inuo~sly keep on tM bui!dinys now a herseh~r utw~~ on setd I~nd and on afl cquipmen~ ~nd p~.wnalty covaed by this mat¢ p~, w~th all prtmi~rns ihereon pa~d in (ull, f~re insuraoc~ ~n ~M uwal 1?ardard po~~ty lorm, in • ium app~o~ad by tM MORtGAGEE, ar,d w~nds?w~n insu~~nc~ i~ ~M usual ~~andard pol+cy fam, in a ium ~pproved by 1M MORiGAGEE. in iuch company w comP+~~ei +i ~M MORiGAGEE may dintt; and all ii~~ ~nd w~~dsrorm inw~ante policies on any of taid build~r+ps, any intarest ~herein or part IF+e~eof, In Ih! ~ggrey~t! tum ~IW~f~id M in ~:cta thereo(, iMll contain ~he us~al s?~ndard malqa9t~ clau~s o~ ivch otha clauw +i th~ MortpagN may requ~r~, makinp Iha b» unda ~+~d poli~ ci~~, exh and evay, payab~~ to sa7d MORTGAGEE as iti interest may +ppear. and each and every svch po~icy shall be promp~ly at~.gned and delivered ~o •ny held by said MORiGAGEE ~s fur~her ~ecu~ity to said matgaye debt, and, not less tMn ~e~? (10) dayi in advante of the expiration ol each policy, to dr liwr to taid MORIGAGEE a tsnew~l ther~of, topethtr .with • receipl fp the premium of ttxh renewalj and ~here thall b~ no f~re or windstorm iniurant~ placed on ~ny of iaid buiM~nps, any interast 1Mre~n a part the~eof, unless in tha form ~nd with tM lou paYablt as atoresaid; a~d in the event a~y sum ot money becomes payabte undar such policy or pol~cies uid MORTGAGEE ihall have the opt~on ~o receiva and apply the ssme on account of the i~debted- neu secured F~e~eby or ro permit said MORTGAGORS to receive and use it a any pa~t thereof for ot#w:r purposes, w~tho~t ~h..eu~ wai~L~g o~ unpai+- infl any equity, Iie~ a ri9ht under w by virtve of this mo:tg+ge; +nd in tM ~vent sa~d MORTGAGORS shall tor any ~eason fai) to keep the said pemisrs so insured, w fail to deliva promptly ~ny of said policies of insurancs to uid MORTGAGEE, or fail promptly fo pay fulty any prem~um therefor or in any ; respect f~il b perfwm, dixharge, eaecute, effect, complete, comply with and abide by th~s covenant, o~ any part hereof, seid MORTGAGEE may place snd ~ pay fw such insu~ente o~ sny part thereof without waiving w ~f(attinp sny option. lien. equi~Y. or right under ot by vi~tue of this Mwtgage, s~d tht full amount of each and every wch payment shall be immediately due ~~d payable and ahall bea~ interest from the date tlxreof until paid at the rate ot ~ine pe~ centum per annum and to~ather with such interesl shall be secured by the lien of this mortgage. 1. To pe?mit, commit or suffer no waate, impsirment or deterioratio~ of said propetry o~ u?y parl lhereof. 5. To pay all and singulu the costs, charges and expenses, including a reasonable attaney i fee and costs of abstracts of title, i~urred w psid at any time by w~d MORTGAGfE, because o+ in the event of the failure o~ the part of Ihe said MORTGAGOR to duly, promptly and fully periwm, d~stharge. execute, etfM, compkte, comply with and abtde by each and every the stipulatrons, agrermeros, conditions, and covenants of sa~d promissory note and this mortgage any or ei~he+, and sa~d costs, charges and expe~ses, each and every, sFwll be immediately due and payable; whether w not there be notice de mand, attempt to cotktt or suit pending; and the full amouM of each snd every such payment shall bea? interes~ from the da?e thereof until paid at the rate of nine per crntum per am~u:n; and all uid costs, charges a~~d expenses inturred o? paid, together w~th such interest, shall be secured by the lien of this mwl~sge. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of money hereio referred 1o be not promptly and fully paid within thi~ty (30} days next after the same, severally Ixcome due and payablr, without demand or notice, or (c) in the event each and eve+y the stiputations, agreements, cond~tions and covenants of s;id praMiuory note a~~d th~s mortgage any or either are r?ot ~uly, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed with and• al~iQe9 yy, then in either or any such event the said ag- gr%~ate sum mentaned in said promissory note then ~emaining unpaid, with interest accrued, and a11 mo~eys secured hereby, shall become due and p~y- ab~e fwthwith, a thereafter, at the option of said MORiGAGEE, ss iully and completefy as it all of the said sums of money were wigina:ly stiputated to be pa~d on svch day, anything in said promissory note or in this Mortgage to the contrary noty~ritlu~anding; and thereupon or thereafte+ a~ the op~ion of said MORTGAGEE, without norice or demand, iuit ar law or in equity, thereiwe ot thereaf~er begun, may be prosecuted as if all moneys secured hereby had matured pnw ro its institutwn. 7. That in the evcnt tha~ at the beginnl~g of a st any time peodi~g any su~t upon this Mortgage, or to fweclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appointment of a Receiver, such Court shall Forthwith sppoinl a receiver of said mortgaged property all and singuta?, includ~ng all and :ingular the income, prof~ts, issues and revenues from whatever source derived, each and eve?y of wh~ch, it being expressly unders~ood, is hereby mortgaged as if apec~fica~ly set for~h and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective functwns and powers in anyw~se entrusted by a Court to a Receiver, and such appointme~H shall be made by iuch Co~rt as an admitted equity and a matter of absolute right to said MORiGAGEE, and without re(erence to the adequaq a inadequacy of the value of the p~operty mptgaged or to the wtvency or insotver?cy of said MORiGAGOR a iF+e (lefendants, and that such rents, profin, income, iuues and revenues shall lx applied by such Receiver according to the 4ry? w equity of said MORTGAGEE and the practice of such Court. ~ 8. To duly, promptly and fully periwm, discharge, execute, effetl, complete, tomply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a pe?son other than the MORTGAGOR, the MORTGAGEE, irs successws and ass~gns, may, without notice to the MORTGAOR, deal with svch successor or successw in interesl with reference to thia mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating ot discharging the Mortgagors' liability htre~ ~nder a upon the debt hereby secured. Mo sa~e of the Fremises he?eby mortgaged and no forbearance on the pan o( the MORiGAGEE or its successors or assi9ris and no e:tension of the time fw the payme~t of the debt hrreby secured given by the NtORTGAGEE or its successors ot auigns, ahall operate ro reiease, d~scharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the oblgatan sr cured hereby shall a1 any time thereafter be hetd to be a waiver of the terms hereof or oi the instrument secured herby. 11. In add~tio~ to the forego:ng month2y payments of psinc'pal and interest required by the promissory note secured heteby, mortgagor covenants and agrees to pay to mo:tgagee wiih each monthly payrnent an add~~ional sum est~mated by mortgagee to be equal to 1% 12 of the an~ual cost of the fol:ow- in~: . A-Alt real property taxrs levied or assessed against the above described real estate. B-Pram~ums on fire and windstorm insurarce as herein requ~red to be carried en the improveme~ts situate on ths above described premises. C-Premi~ms on such mortgage guaranty ir.surar,ce as mortgagee shall from t~me to time deem fit to car~y on the loan secured hereby. II Mortgagee shafl lrom time to time nctify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ ~.ayable on the due dare of the next monthly payment and each successive month therrafter ur,til mortgagee shall notify mortgagor of a change in such = ~ a-~,ount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance i i ~ ` premiums. ' ~ ~ ~ IN Y~ITNE55 ~YHEREOF, the said MORTGAGOR has hereunto set his har.d and seal the day and year first afwewid. 3 ~ igned, Sealed a delive?ed in the prexnce of: ! ~ aq i ras O. Pete~rs~, a sin9ler~ult ( ~ ~Seaq i . (Seaq STATE Of FLORIDA ' , couNrr oF St. L.ncit ~ ' ; Before me personally appeared JOY~ 0• ~t@Y:~• a a~I141! Ad111t ~ j hi~~i(s, to me well known and known to me to be = ~he individval described in and who executed the foregang instrument, and acknowledged before me that he executed the same fw the purposes rherein expressedr4wblhe ~wr! wi1l~711l~s1~ - - ~t~+}~~ i Mcww11w11u11~1tRya1[!M~ltpl~Ml~I1~~~7~R~1'a17~~1!'?1~~f1~~1l~'~~J!!~lItY~111l~ld'R1~~dbl~C1~111C1fYQP'f~1Q~l7lR~1l~!li~~11~IM1!ljl~~*~11~~ LM~ il~ rlWl~/b ~Oy i~rOfl~ f0~l~f~lifri~f~1l~A ~~~~0~ jf~1~ iY N~C{~Y~~. ~ • s t~ y~'~; WITNESS my hand aod official seal this ~Q~'h' day of ~t~ ~ ~_%G.D. -19 73 . J ti _ - i Notary Public in and ~or the'St~t~. ~ ids ~t:lirpe - ~ - My Commiuion expires: : . . : . ? ~ Return To: r' ~ ' ~ . . • ` ~ First Federal Savings 3 loan Association NOTAR1f P1iallCt $TATE pF fLOR~D~ ~t LAR6E ~ O( Fo~t P~erce. . MY ~MM~~~~M(~E1~WRfS ~9FPr 'l~J. Ig/5 ~ ~ 2510`76 e~o.a ~ r~, Fort Pierce, F~orida ~ f LEO ANO RECOROEa This Instrument Prepared By D. R. Ho1~qeY S~. LUCfE COUMtY FLA. First Federal Savings 8 Loan Association ROCEF POITRAS of Fort Pierce ~ RloYida CLERK CIRCUIT COURT ~ RECORO VERIFIEO~ Checked By _ ~ 3 9 sz ~!!'73 BGGK212 ~ac~1677 , ls - - - - - - ~4~ ' ~ ~ w ~ - ~ ~ - s - - . ~-i =