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Home My WebLink About0400 . ~ v v To PIK~ and continvously k~ep on ~he bui!d~ngs now w Mreaft~r s~~w~~ on s~~d I~od and on atl equip~neM and ptnonally tov~red by Ihi~ mottp~ sp~, with dl premiwns 1lxreon pa~d in tull, firo in~v~anc~ in ~M uiwl u~~da+d polity twm, in • wm approved by the MORtGAGEE. and windstwm ins~ranc~ in 1h~ u~wl ~~andard pofcy fam, i~ ~ tum ~pproved by th~ MORTGAGEE, in svch comp+nY w ca'^P+^'h +s ~M MORTGAGEE m+y directj ~nd ~II (ir~ ~nd windseorm ir?sur~nce polici~i on any o1 aid build~npa, ~ny int~r~~1 therei~ or pu1 the.wl, i~ tl+t a9yre9a~~ wm afa~s+id o~ in ~kt~lt Ihcreot, ~hall cont~in tM usual standud mor~9+qN ciaus~ a such otl~ clau~ ~s tM AAwt~agee m~y requ~n. makinp tha loss unde~ sa~d polb ci~s, each aod OvNy, p+yabl~ ro said MORTGAGEE ~a i~s imere~t may ~ppea~. ~nd each and svery ~~ch po~~cy shatl be promp~ly a:s y~ed and delivered to •ny held by sa~d MORiGAGEE as turtF~ sccurity to iaid mat9a~ debt, ~nd, not Isu tMn ten (10) days in ~dvance of the eap~~+t~on ot each policy, to da livH ro uid MORTGAGEE • rKawal lherwf, lopetha with a?~ceipt for Ihe pnm~um of ivch renewal; and there ihall be ra f~re w winds~orm insurance platad on any of s~id build;rps. ~~y interesl ti+Hein a p+rt tMr~of, unkss in tht fam and with ~M loss paYabl~ ai ~faesaid; and in ~he ev~^1 any sum of money beco~+et p+Yable v~der such policy o~ polic:ea iaid MORTGAGEE shaN Mw tM option to receive and ~pply ths sanw a+ account o( ~he indebted~ neu secwed hereby w ro permit s~~d MOR~GAGORS to receivs and us~ it a any part thereof fa other purposes, v~~~ho.,t the.eb~ wai~Lig or ~~*~pai~- ing any equtty, lien w ri9ht under w by virtw of this mo:rpaye; a~d in ths ~vem s+~d MORTCaAGORS ihall for any reason fail ro keep ~he sa~d premi~as so insured, w f~il a deu~e. promptly ~nY of uid policies of insurance to said MORTGAGEE, w tail prompNy to pay fully any p~e~nium therefor a in anY reipect fail ro p~rform, discharge, executs, effec~, complete, comply wirh and abid~ by this covenan~, a a~y par~ hsreof, ssid MORTGAGEE may p1~ce and paX for such irowance a sny part thereof without waiving a affMirg any option. lien, equity, a right unde~ or by virtue oi this Mwtgage. ~nd the f~ll ~mouM of each u~d every such payment shalt be imrt~ediately dw snd payable ~nd sMll besr interest from the date thereof uMil paid at the rate of nine per centum p~r annum and together with such inrerast shall be secured by the 1'~en of this mottgage. 1. To permit~ canrnit or suffer ~+o waste, Impairment or deteraration of said properry w sny p~rt thereof. ' i S. To pay all and singular the cosls, charges snd expenses, intludinp a reasonable ~tlwney's fee and cost• of abstracri of title, i~curred or paid at eny time by sa~d MORTGAGEE, because a in the event of the failure on the part of ~he isid MORTGAGOR fo duly, promptly +nd fully perform, dixharge. execute, effecl, complete, comply with and abide by ~ach snd every the stiputations, sgreements, condirions, and covenann of said prom~swry no~e and this mortgage any a eithe~. snd sa~d cosri, charges and_expenses. e+ch artd every, shall be immediately due and payable: whether w not there be no!ice de mand, anempt to collect a suit pend~ng: and the fvll amo~nt of each and eve+y such paYment shall be+. i~terest from the dste thereot until paid a~ the rare of nine per cen~um per annum; and all said costs, charges and expensea incurred w paid, together with such interest, shall be secured by the lien of tha - mp?tg~e: 6. That (a) in the event of any breach of thia Mortgage w default on the pah of the MORTGAGOR, or (b) in the event any of satd sums of money herein referred to be not promptly and fully paid within thirty (30) days neat after Ihe same uverally become due a~ payable, wilhout demand w no~~te. o~ (c) in the event each and every the stipvtatior?s, sgreements, conditions and covenants of said promissoiy no~e and th~s rtartgage any o~ ei~her are not iuly, promptly and iully performed, d~uharged, executed, effeaed, completed, complied with and abided `~y, then in either or any such event the said ag gregate sum mentbned in said promissory note then remaining unpaid, with interes' accrved, and aH moneys secured hereby, shall become dve and pay- able forthwith, a theteafter, a~ the option of said MORTGAGEE, as fully and completely as if all of the said sums of money wcre originally stip~lated to be patd on such day, anyrhing in said prom~ssory note or in this Mortgage ro the contrary notwithstanding; and therevpoo a lhereafter at the option of said MORTGAGEE, without notice o? demand, suit at law w in equity, therefore or therea(ter begun, may be proseculed as if all mwrcys secured hereby nad matured pnot fo its institution. i 7. That in the event thaf at the beginning of w at any time pending any w~t upon this Nbrtgage, or fo foreclox it, or to reform it, w fo enforce payment of any tlaims hereunder, said MORiGAGEE shatl apply To the Court having jurisd~ttion thereof for the appointmenf of a Receiver, such Cour1 shall forthwilh appoint a receiver of said mwtga9ed property all and singular, includ~ng all and sin9ular the income, prof~ts, issues and revenues irom whatever ( source derived, each and eve?y of which, it being expreuly understood, is hereby mortgaged as if spec~(icalty set forth a~d described in the _g~aming and ~ habendum clauses hereof, and wch Receiver shall have all the broad and eifective funcnons and powe.s in anywise e~trusted by a Court to a Receiver, and ~ s~ch appo~ntment shall be msde by s~ch Court as an sdmitted equity and a matte~ of absolute right to said MORTGAGEE, and without reference to the i adequscy o~ ireadequacy oi the value of the properry mortgaged or to the soivency or i~solvency of said MOR7GAGOR w the defendants, and that such ~ renn, profits, intome, issues and revenves shall be applied by such Receiver accord~ng to the (ien a equity of said MORTGAGEE and the practice of such CovA. ~ 8. To duty, promptly and fully pe+fo~m, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, condiYans and covenants in sa~d p~anissory note and this mortgage set forth. 9. That in the event the ovrnership of the mortgaged pra~nius, w any part thereof, becomes vested in s person other than the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, without nofice to the MORTGAOR, deal with such successor a successar in interest with reierence to this = mortgage and the debt hereby secured in fhe same manner as with Mortgaga without in any way vitiating or discharging the Mortgago~s' liability herr under a upon the debt hereby sec~red. No sale of the premises hereby mortgaged and no forbearance on the part of the /AORTGAGEE or ifs successors or assigns and no eatension of the time for the payment of the debf hereby secured given by the MORTGAGEE or its successors or auigns, alwll operate ro rclease, d~scharge, modify change or affect the original liability of the MORiGAGOR Ixrein, either in whole or in part. 10. It is specifically agreed that time is of the esxnce of this contract and that no waiver of any obligation he?eunder or of ths obligation str cured hereby shail at any time thereafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. . - f 11. In add~tion to the forego'ng monthly payments of princ'pal and interest requhed by the promPssory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhfy payrnent an add~rional sum est~mated by mor~gagee to be eq~al to 1/12 of the annual cost of the follow- ing: A-AH real praperty taxes levied w assessed agai~st the above described real estate. • B-Premiums on fire and w~rds~orm insurance as herein requ~red to be carried on the improvements s~tuate on the above desaibed premises. ' C-Premiums on s~ch mortgage guaranty iruurance as mortgagee sfiall from time to time deem fit to carry on the loan secured hereby. ! ~ Mortgaqee shail lrom time to time rtotify rtwrtgagor i~ writ~ng of the amo~nf due and payable hereunder and such wm shatl thereupon be due and ~ ; payable on the due date of the next monthly paymem and each successive month thereafter until mortgagee shall notify mortgago~ of a change in s~ch ~ i amouM. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insuiance prem:ums, a~x! mortgage guaranty insurance ~ Fremiums. - ( IN YJITNE55 WHEREOf, the said MORiGAGQR has hereunto set his F~and and seal the day and yeai first fwesaid. I Signed, Sealed and delivered in the presence of: ~ ' ~ ? - - - - - - ~u ~ es a~ (Sean le Cheries ~an ~ ~ S7ATE OF FLORIDA ` t ' , } E COUNTY OF ~G ~ • ~ Befwe me perw~ally appeared ~aI J• ~10=~ ~ D~! CtllY Qf his wife, to me well known and known to me to be the individwls deuribed in and who eaecuted the fwegoing instrument, and acknowledged before me that they executed the wme fw the purposes therein expressed. And the sai~ ~le Cberi~s w~fe of the said ~~1 `T• ~e=i@S - upon a separate snd private examinat~on by me taken separate and apart from her said husband, atfcrawledged to and befwe me that she executed said instrumeM freely and volurr rarily and withovt any compulsion, constraint, appr +ens~on, or fear of or from her said husband. . ApYil . . : ~a o. iv ~3 ~ WITNE55 my hand and official xal thi day of ~ ' ~ k ? ~ ~ . Notary Public in and for the Statl: o~ F a~~ar~e> , ~ My Commiuio~ txpires: ~ ( fr ~ ~ ; ~ Return Toa , • - • _ - - + • O ~ 1~ • = . ~ w First Federal Savings 3 Loan Association ~ G. ~ ~ M ~ ~ Of Fort P:erce. ~ f~•, ` j Fort Pierce. Florida s- - 7 " ~ ~ ~ * ~ (~~I~:~ ~ ~ ~ ts„~.. ' ~ T~1t c ~F~••`Z}.°._ This Instrument Pre ared B RiChaYd K• ICayes fl~EO ANO RECOADE~ P Y ST.lUC1E COl{NTY ~U. ~ ` First Federal Savings 8 loan Association ilBCE~ POITilAS ; . of Fort Pierce ~ Fjp=i~ C1ER~ C1RCUtT COURT ~c~w ~ RECORD VER~PIEO IGra7~IG~`28 ~ . ~ Checked ey ~ Ij II 33 ~M s~~ ~ 3s 800K~~~ PACE 4OO ,