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Home My WebLink About2488 To plx~ ~nd continuou~ly keep on ~he bu~'d;~;9? now w hereshe? ~~rw~~ o~ za~d iand ~~d on alt eq~ipmrnt snd penonally cove.cd by th;~ mong p~, wilh ~11 pi~m~uma lhe~con pa,d in 1u11, Lre intiu~~ncs in the uwat i~ude~d po~~cy form, in • fum ~pp~ovcd b~ the MGRfGAGEE. and w~~d~~o~m ~ntu~~ncf In IM uew) ~~andard pol.ty (orm, in ~ wm appro~ed by IM MORIGAGEE, i~ fucA canp~ny or tompanief ai th~ MOR~GAGEf m~y dirKlj ~nd atl lin and w~nd~torm iniur~nc~ policie~ on any oi sa~d build.nQy. ~ny inqre~~ ~herei~ w par~ ~hereof, in ~hs pflrepaee sum ~laeu~d o~ In ~xt~ss ~heraol, ~MII contain tM uwsl standard mon9ay~e dsvie a suth o~he~ dwss as Ih~ Mor19a9es m~y rcyu~r~. m~?;np ~he lost unde~ sa~d poli- ciK, sach and ?v~ry, payabl~ ~o i~~d MORTGAGEE a~ it~ interett may appsar, and each aod every iuch poi~cy sh~ll be p~ompUy ass qned sn~ deliverrd ~o ~ny h~ld by ia;d MORIGAGEE a~ tur~Fw securily to ~~id mo~tgaye debt, and, no~ lass ~han ~en (10) days in ad+ance oi ~he explrat~on of each policy, to d~- IivN fo iaid MORiGAGEE • r~nsw~l ~hereol, toged?N wi~h ~ r~ce~p1 fw the premium ot iuch ~enewal; and there shsll b~ no f~re o~ windsrorm i~sur~nce P~+c~d oA ~ny of tud b~ildings, ar?y interett therein a pa~1 theieof, untess in the form ~nd with Ihs loss payabls a~ afwesaid; and in ~Fu evenl any tum of moMy becomas payable under tuch polity or policies ~aid MORTGAGEE shalt havs the opt~on to rece~ve a~~d apply ihe same on +ccovn~ of the ~~~drbted- neu secu~ad hereby a to permit said MORiGAGORS to receivs and uss it w any pait th¢reo! for orher purposrs. .•.~rhool tha..u~ wa~~~.y c,. ~~~~po~~- a~y puity, li~n p right under oe by virtve qf thit mo:`~age; ~nd in the avenl ta~d 1NORTGAGORS shatl foa any reason fail to keep the said premitas so insured, a fail to dtlive~ ptomptly ~ny of said policies of intu~ance to said MORTGAGEE, ot fail promptly to pay tully any pren,~um therefw or in a~y ~ respect (ail ?o pe~fam, discharge, executs, effect, complete, cati+ply with and abide by thi~ covenant, w~ny part he~eof, sa~d MGRTGAGEE may piace a~w pay fw such insurante or any parl lhereof wi~hout waivin~ o~ ~f(ec~iop aey option. lien. equity, w right under a by virtue of this Mw~gage. and thc ~ full amount of each ~nd ev~?y ~uch payment sha~l Ee immedistely du~ and payable and thall bear interest from 1he dats thereo( until paid at the ratQ al } nine par tentum pH ~nnum and together with suth i~terest shall be secured by the lien of this motlgage. { 1. To permit, commit w suffs~ no waste, impai~rt+ent p deterio~ation of said property or any pa?t theroof. 5. To pay •11 and si~gular the co~ts, tharges and expenies, including a reasonable attorney'a fee and costs of abshactt of title, i~curred o~ pa~d at eny time by said MORTGAGEE, because or in rhe event of the failure on the part of tha sa;d MORTGAGOR to duly, promp~ly snd fu~ly perfam, d~xharge. execute, e(feq, complNe, comply with and ab:de by each and eve~y the ~tipulahons, agreements, conditions, and covenanrs of said promissory note and thi~ r*+ortgage any o~ eithea, and said costs, charge~ and expenses, each and every, shall be immediatety due and payabfe; whethe~ a not ehere be no~;ce dr mand, attempt to to11Kt w auit pend~ng; and the full artwunt of each and every suth payment shall beer interesf (rom Ihe date thereof unlil paid a1 tFx ra~e of nine per centum per annum; and all said tosts, charges and expe~ses incurred or paid, together w~lh such interest, thalf be aecured by the tien ol this ; mortpsge. b. Th~t (e) in the evenl of any breach o( thi~ lNortgage or default on the parl of the MORTGAG~R, or (b) in the event sny of sa~d s~rru of money ~ herein refened to be not promptly arx! fully paid wi~hin thirty (3W day nea~ afrer the same severa:ly become due and payable, without demand or notice, or (c} in the event each a~d every the stipularions, agreements, cond~rions and covenants of sa~d prom~swry note and ~h~s mwtgage any a either are nol iuly, promptly and fully performed, d~scharged, executed, effetled, completed, compl~ed w~rh and abided ~iy, then in e~ther or any such event Ihe sa~d ag g~egate sum menf;oned in said promSssory note ~he~.remaining unpaid, with imeres~ accrued, and atl moneys secured hereby, shall become dve and pay- eble forthwi?h, w thcrea~ter, at the oprion of said MORTGAGEE, as fully and complNely as if all of the said sums of moncy were o?~ginslly st~pulated to be paid on s~ch day, a~ything in said promissory r+ote or in this Mortgage to 1he contrary notwithstanding; and thereupon or lhereafter at the op~ion of said MORT6AGEE, without notice or demand, suit at law a in equ;ly, therefore a thereafter begun, may be prosecuted as if all moneys setured hereby nad mawred priw to its institution. 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, w to foreclose it, w to reform it, or to enforce payment ol any ciaims hereunder, said ?AORTGAC,EE :hal? appty to the Court having ~unsd~ction thereof fa the appo~ntment of a Receiver, s~ch Court shall iorthwith appoint a receiver of said morlgaged prpp~rty all a~d singulat, includ~ng all and singuiar the income, profils, is3ues and revenues from whatever \ source de~ivcd, each and every of wh~ch, it being expressly unef~rs~ood, is hereby mor~gaged as ii speu(ic~lly xt forth and desuibed in the granting and habendum clauses hereof, and suth Receiver shall have all the broad and effective funct~ons and powe~s in anywise entrusted by a Covrt to a Rec~iver, and s.:ch appointmem shall be made by such Cour~ as an admitted equity and a matte~ of absoturo rigM to sa~d MORTGAGEE, and without refererxe to the edequacy or inadequacy of the value of the p~operry mo,tgaged w to the so!vency or ~nsoivency oi sa~d MORTGAGOR or the defendants, and that such ren~s, profin, income, issues and ~evenues shall be applied by such Receive~ accord~ng to the lien or equity of said MORTGAGEE and the prauice of such Cou?t. r 8. To duly, piomptty and fully perform, discharge, execute, effect, complere, comply w7rh and abide by eath and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set fw.th. 9. That in fhe event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, witiwut notice to the MORTGAOR, deat w~th such successor or successw in interest with ~ele~ence to fbis mor~gage and the dabt hereby secured in the same manner as with Mortgagor without in any way viliating w d~scharging Ihe Mortgagors' Gability F?ero- under or ~pon the debf hereby secured. No sale of ~he prem~ses hereby mortgaged snd no forbearance on the part o( the 1110RTGAGEE w its successors or assigns and ~o extension of the ~ime fw the payment of the debt hereby secured given by the MORiGAGEE or its successws or au;gns, ahall operate ro retease, d~scharge, modify change or affect the origi~al liability of the MORTGAGOR herein, eithe? in whole w in part. 10. It is speci(ically agreed that time is of the essence of this contract and that no waiver of any obtigat~on hereunder or of the obligsYan se- cured hereby shak at any time thereafter be held to be a waiver of the te~ms hereof w ot 1he instrumem secured herby_ 11. In addnio~ to the ioreyo:ng monthly payments of princ pal and interes~ requ~red by the promisscry no!e secured hereby, mortgagar covenants ard agrees to pay to mor~gagee with each monthly pay~nent an add~rional sum esr~n:ated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ing: • A-AN real property faxes levi2d or assessed against the above described ~eal estare. B-Premiums on tire and windstorm insu~ar.ce as herein requ~red to be carried on the improveme~ts s~tuate on the above d:scribed premises. C-Premiums on such mortgage guaranty ins~rar~ce as mortgagee shall from t:me to ti~ne deem fit to carry on the ban secured hereby. ~ i o~tgagee shail rom t~me to time nolify mortgagor in w~iting of the amount due and payable hereunder and such sum shall thereupon be due and ~ayable on the due date of the next monthly payment and each successive month thereaiter ur.til mortgagee shall notify mortgagw of "a change in such a nount. S~ch sums sF.a:l be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~id mortgage guaranty insurance p~emiums. - . ~r-i TNESS WHEREOf tbe said MORTGAGOR has hereunto set his hand and seal the day a ~ ear ' ;d. + .'S / Si , Sea1 nd live he esence of: ' "~t-, ~ ~ .,b~ ~i 1 ~ , • Seaq _ : , ~ ~ a~'t ~ ~ • ~a~ . ; ; - - : ~ • . STATE OF FIORIDA J ~ .,~4" : CQUNTY OF St . Lucie ~ 5.~~~ % ` ^ ~ ' i T/ . Befwe me personally appeared ~dV1C~ F. Milliqan ~~~~:r, ~ a~ - DOrOt~1V .1. Mllll an his wife, to me well known and known to me to be the indrv~duafs dexribed in and who executed the foreyoing i~strument, and acknowtedged beiore me that they executed the same for the purposes therein expressed. And the ~aid_ ~OIOth~/ Milligan w;fe of the said - ~aV1C~ F. Milligan upon a separate and privsts examination by me taAen separate and apart from her said i~usband, atknowledged to and before me that she executed said instrument freely and voturr tarily and without any compuision, const~aint, apprehension~qr fear of or irom her said husband. - - WtTNESS my hand and oFfic;al seai thi: O~ u~' A ril day of p. p, 19 73 _ ~ ~ Notary Public in and fw the ~?Ste of F,lorida af Larye Return To: My Commission expires: / ~ First federa) Savings b loan Associaf;on . , O( Fort P~crce. fort Pierce. Florf~a : / 4>..,..v .l__'__ ' ~ w. F,LEC Av( o~r~a.9~D ' E This Instrument Prepared By R. L. Stut2 ST :~C 'y Y F~~` First Federal Savi~gs & Coan Association E z~ ~ s + L of Fort Pierce , Ft. Pierce , Checked By aFft l~ ~u 1~ Q~~ ~ pn 251681 8~ kr ~~~CE 2~OJ ~ _,-~x s - - - -