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Home My WebLink About0617 To p~ac~ ~nd conrirwously keep on fhe bui:d~ngs now or hareaitN s~tuaq on sa~d land ~nei on ~II eq~~pment and penon~lly cove?cd by thii mort¢ p~ w~th ~II pr~m~ums rhercon pa~d in tull, f~re insuranc~ i~ ~Fa usual irandard pol~cy fam, in a sum approved by tM MORTGAGEE, and winds~am ir?swanc~ in tht uswl ~unda.d pol~cy fam. I~ a sum approred by t!w MORTGAGEE, in s~ch compsny w comP+~~es af ~h~ MORTGAGEE m+y d~r~ct; and ~II iir~ u~d w~ndstorm insur~nu polkiei on ~ny o( sud bvitd~npy ~ny iMer~it tF?er~in u parl thereol, in the a~rcya~e sum afaesaid w in ucccss ti~ereof, sha(I contain the uswl standud mort9ap~e clsui~ or i.xh o~hN clause tM Mo.~9a~es may requ~ro. m+kinp tM Ioss under ia~d polF ci~s, eaih and ~very, paya~tt a said 1NORTGAGEE ~i iti interest may ~ppear, and each and eve~y such poliq shall b~ pra*~p~~Y +i~ ~ned •"d de~~vered ~o ~ny I+eld by s~id MORiGAGEE ~s funher security to said mortg~ye debt. and, no? leu 1Mn ten (10) days i~ advance of the expir~tion of e~ch poticy, to da IivM ro said MORiGAGEE a r~newal therwf, ~ogethN witfi • reteipt fot 1M p~tmium of iuch renewal; and there shall bs no fcre or windstorm insurance plac~d on a.iy of said buiM~ngs, ~ny interest thsrein o~ part ~hereof, unleu in tM fo~m and with tM loss payable ~s ataesaid; and in tM ev~nt any ium of n+onty becanes pay+ble unde+ wch policy pr policies wid MORTGAGEE shall Mve the option to receive and apply the same o~ account oi Ihe indebted- neu yecu~ed hereby or 1o permit said MORTGAGORS ro receive and us~ it or any pa.t thereof for other purposes, wi~hout thr.eb~ waivi~i9 0~ ~~~~pd~~• ;ry any equ;ty, l;en w rgh~ vode~ w by virtue of this mo:s9age; and in the eve~t ia~d MORTGAGORS shsll fa any reason lail to keep the said premisrs w inswed, a fail to detiver promptly ~ny of said polities of insurancs lo said /MORTGAGEE, or fail promplly to pay fu~ly any p?emium there~or o~ in +~Y respect fail b pa(wm, d~scharge, e:ecuts, efiecL camplNe, comply with a~d abide by this covenant, o~ any part he~eoi, said MORTGAGEE may p~ace and paY (w such insurance or sny p+rt thereof without waivin9 a affecting ~ny option, lien, equity. ot rigM unde~ or by virtue of Ihis Morlgage, and tht full amovnt of each and every such payment shall be immediately due snd payable and shall bea. inte~est from tho dats thereoF until paid at the rate oi nine per centum per annum and together with suth intaest shall be secured by the lien of this mwtgsge. 1. To permit, cammit or su(fer no waste, impairment a deterio~ation of said property w any paA thereof. 5. To pay all snd singulsr the costs, charges snd expenscs, irxluding a reaso~able attorney's fee and costs of absuacts of title, incurred or paid at any fime by said MORTGAGfE, becaux w in the event of the failure o~ the parl of the said MORTGAGOR to duly, promptly and futly pertwm, discharge. execute, e~fect, complete, comply with and ab:de by each and every the itipulations, sgreemenn, co~ditiw~s, end covenants o~ w~d promissory note and thi~ mortgage any a ei~her, and sa9d cosb, cha~ges and expenses, each and every, shall be immediately due and payable; whether a not the~e be not~ce do- mand, attempt to colkct a wit pend7ng; and the full amouN of cacA and every such paymcM shali bear interest from th~ date thereof uroil paid a1 the .are of n~ne per crnf~m per an~~um; and alt uid costs, charges and expenses incurred w paid, together w~th such interest, shall be secured by the lien oi this rrrott9sge. - 6. Thst (a) in the evN+t of any breach of this Mor~gage w default on the part of the MORTGAGOR, or (b) in ~he event +oy of sald sums of money herein referred to be not promptly and fully paid within ~h~rty (30) days next after Ihe same seve?ally become due and payable, without demand or ~otice, or (c~ in the evcnt each and every the stiputationa, agreements, condiTions and covenants of sa~d prom~swry note and th~s m«tgage any or either are no1 iuly, promptly snd fully perfwmed, d~scharged, executed, effected, complNed, complied with and abided by, then in eitlur or any such event the sald sg- g~egate wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able fathwith, or thereafte?, at the option of said MORTCaAGEE, as fully and completely as i[ a~l of the said sums of money were originally st~putated t~ be pa;d on such day, anythirg in said promisswy note w in this Mortgage to the contrary notwithstanding; and thereupon w thereafter at the option of sa;d MORTGAGEE, w~~hout notKe o~ demand, suit at law or in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby nad matured pr.or to ita institution. 7. ?hat in the event that at the beginning of or at any time pending any s~it upon this Mortgsge, w to fwectose it, w to re(orm it, or to enforce payrrKnt of any claims he~eunder, said MORTGAGEE shall apply to the Court havi~g jurisdiction thereof fw ~he appointment of a Reteiver, such Court shall Forrhwith appant a receiver of aaid mortgaged property all and singular, includ~ng all and singula. the income, profits, iuues and revenues from whatever scurce derived, each and every of wh~ch, it be~ng expressly unders~ood, is hereby mortgaged as if specificaily ut'fath and deuribed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effeaive funct~ons and powers in anywise entrusted by a Covrt to a Receiver, and s:.ch appointment shall be made by s~ch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequsty or inadequxy of the va!ve of the property mortgaged or to the soivency or insolvency of said MORiGAGOR a the defendants, and that such renes, profits, income, iuues and revenues sha~l be applied by such Receiver rccord~ng to the lien w equity of said MORTGAGEE and the practice of such CouA. 8_ To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, c~tiorts and covensnts in said promissory note and this mortgage set fwth. 9_ That in the event tF~e ownership of the mortgaged premises, a any part thereof, betomes vested in s person other than tF~e MORTGAGOR, the M.ORTGAGEE, its succeuors and ass~gns, may, without notice to the MORiGAOR, deal with such successor w successw in interest with reference to this mortgage and the debf hereby secured in the same manne~ as with Mortgagw without in any way vitiating or d~xharging the !llwtgagors' liability here- under or upon the debt F~ereby secured~ No sale of the premises hereby mortgrged and no forbearance on the part of the MORTGAGEE ot its successors or augro and no earension of the time for the payment of the debf hereby secured given by the MORTGAGEE or its successors or auigns, shall operate !o releax, discharge, modify change a affecf the orginal liability of the MORiGAGOR herein, either in whole o? in part. 10- It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder w of the ob!'~gation se- cured hereby shall at any time thereafte~ be held to be a waiver of the terms hereof w of the instrument setured herby. 11. In add~tion to the faego:ng monthfy payments of princ'pal and interest required by the promiswry nore secured hereby, morigagor covenants and ag~ees to pay to mortgagee with each monthly payment an add~sional sum estlmated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ng: A-All real property taxes levied or assessed agaihst the above described real es~ate_ 8-Przrr.iums on fire and windstorm insurance as herein ~equ~red to be carried on the improveme~ts situate on the above dascribed premises. C-Premivms on such mwtgage guaranty insurar~ce as mortgagee 'hall from tlme to time deem fit to carry on the (oan secored hereby. ' Mortgagee shaif from time to time notify mortgagor in writing of the amouM due and payable hereunder and such sum shall thereupon be due and ~ ~ayabk on the due date of the next monthly payment and each successive month thereaiter ur.til mortgagee shall notify mortgagor of a change in wch ~ a-ount. Such sums sF.aii be applied by mortgagee toward the payment of real property taxes, insurante prem;ums, and mortgage guaranty insurance ~ oremiums_ N WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day year first f,~resaid. E . Seal and del' in the presente of: ~ (Seaq E ~ 88 _ . ' (Seaq ` 2'~~Q ~ a ~tiT1B83 e ~ - - - ~Seaq SiATE OF FLORIOA ~ i COUNTY Of SYr • LIIC~ ~ - eefore me personally appeared i~h' nklin A $8PP 8 and ' . i 1 eZ'~B Q ASl'T~ his wife, to me well known and known to me to be i the individuais described ~n and who executed the foregang i~:trument, and acknowledged before me that they executed the same for the purposes therein expreised. And fhe said y81~9 Q ~1`t'~ +~~(e of the u~d 1~'~„k7~II A A8!'!'~ upon a separate and private eaarnination by me taken separate and apart from her said husband, acknowledged to and before me tFwt she executed said instrument freely and volun- rar~ly and w~thout any compulsion, cwntraint, appreh~nsion fear of or from ~.er said husband. WITNESS my hsnd and offic;al seal thi: day of A. D. 19~_ e ~ Notary Publ' and ior the tate of F{orids d large~ : ~ My Commi expires: ~ (r~ / ~ ! ~ Retvrn To: ! ~ First Federal Savings 6 Loan Association ~...__t ~~~fZ~ Of Fort P,erce. ,.•••••••r~~~~ - ZJ - Fort Pierce, Flc~ida ~ ' ..~'~-`F , ' ' .1~~;;.~• - ~%;-r-_ ~ - / I.EO AN~_RECOq Ea. : , - ; - i{.WCIE COUFITY~tA. ~~~'"C: ~ ~ ~ • , ROCER POiTRAS ~ : ' ` ~ _ - • ' CtERk CIRCUIT COURT ' This Instrument Prepared By~. BP811II _ . • . ' . ~lEcoAO vEa~FiEO.......~~. ~ First Federal Savings & loan Association ~ ~ ~cf: _ ~ ~ ~ of Fort Pierce~ ~Oridg . . ; - C ~ ' ~ - ~ ~ e 2 ~3 PN . Checked By , • . ~Z'; ~ ~ ~ '''~t~~~~,. • ,a . ~ , a~?~3 ~ sis ~ ; ~ ~ ~ ~ . . '