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Home My WebLink About1229 To plac~ and contirwously keap on ~M buildinps naw o~ he«aftN sitv+N on said iand and on ~II pvipm~n~ ~nd p~rwnally covK~d by this morp~ p~. with dl p«miwm~ ~h~rwn pa~d in fuli, fir~ insuranct in tM uiwl s»nda.d policy fpm, in ~ swn ~pprowd by t1~e MORtGAGfE. ~nd w~tam imw~nc~ in tM vwal st~r?d~rd pol3cy fo~m, k? a ~vm appror~d by tM MORTGAGEE, in such company a compa~iss a th~ MORiGAGEE m~y dk~ctt and dl fir~ and wiahtorm ie?wr~na polici„ on a~ny of s+id bviW~np~, any 1nt~t tMrtin or part theraof. i~ tM a~qr~par~ wm ~fa~s+id or q~ ~acea thKwf. ~hall cont~in tl,~ viwl s~~nda.d ma~yapN cl~us~ a iuch otlw~ ctava a~ 1Ae MonypM m~y rpuir*. makinp ti» lou w+du u~d poli~ cf.s, •ach and •w.y. araW. a aid MORtGnGEE as ~n in~K.s~ ~,n~y app.ar. ar~d •ach and .vs.y s~d+ poucy .ha11 b. p~omp~iy iil~9M~I Md ~IivO~ld ~o ~ny held by s~id MORTGAGEE ~s furtFwr secv~ity to s~id mwtpa~ debt, and, ~ot I~ than ten ({0) days in ~dvanc~ of tM txpiration of exh poticy, to da I~v.~ ro s.~d MORiGAGEE a ~~ewal thawi, topa~hM wi~h a rece~pl fa tM pr~miuen of wch rentwslJ and th~~~ ahall b~ no fi?~ a winds~am insur~nc~ pl~pd pn ~ny of said buildinps, ~~y interpt tMr~in a put tMnof. wnl~ss tn th~ fwm and with tM los~ payabl~ u efores~id~ ~nd in tM ~vent •ny wm of nwn.y b.cwnes pay~61~ ,n,d•r axh poiky c, pc1;c;~s s.;d IµpRTGAGEE shall Mv~ rM oprion ro rec.iw •nd apply tM s~m~ on +tcount of ti+~ intlebted rNSS tKU~td htteby w to peimit ~aid MpRTGAGORS fo nceiw u~d vs~ it or any part thereof for other purposes, wi~hout thrreb~ waiving a~mpair- inp any puity, lien or righf under w by virtu~ of this mort~r, Md in tM ~vent uid MORTGIlGqRS thall fw any raawa fail to~ ke~p the said premises w inw~ed or faFl to dtlive~ pomplly ~ny of ~id policies of ieaw~nct to aid MORTCsAGEE, w f~il promptly to pay fully any p~emium tharefo~ a in any r~tp~tt fail to pMForm, discharg~, ~xecut~, ~ffect, compNte, comply wi~h +nd ~bide by tha oove.~+nt, a ~ny part hKeoi, said MORTGAGEE mey place and paY fa such inwrancs w a~y put tMnof wirAovt w~ivinp or aff~dFrp a~y option, li~n, eq~ity, a ripht u~der w by vi~tw of thi~ Mo.tyaye. and the full amo~et of Nch ~rd ~wry s~c!? paymse~t shill b~ immedi+tely dw and p~y~bk and sMll bea? interest from th~ dats thereof umil paid a~ th~ rat~ of nine pe~ tenttrm psr ~nnum and together with suth intcrest ahal( be secured by the (isn of thls mortpay~. 1. To permit, commit w wffer ta waste, impairmtnt w dereriorati«~ of said propaty o~ any put t}xreof. S. To p~y all ~nd sinyvlw ~M costs, cAarpes ud expanses, including a rcasonabls attw~+ey's fe~ +nd cosri of abst~acts of titte, incurred o~ psid at any time by aaid MORTGAGfE, b~cause a in the eve~t of tF+~ failure on the put of tF?s s~id MORTCsAGOR to duly, promptty ~nd fu~ly perform, discha~ge. execvte, effett, tomplete, tomply with and abids by tath snd evary tla stipulstions, agreements,, tonditions, snd townanb of said promissory note anrl thi~ monpipe ~mr a e~ther. and s+id cosy, charges and expenses, each and every. ~hall be inwnsdistely due and payable; whetMr w not there be notice de mu~d, ~nempt ro cotbct or wit pe~d~ng; ~nd ths full arno~m of each and every such paymem sh~Il bea. iNerest from tht da~e rhsreof unre! paid ~he rate of nine per centum per amwm; and all said cosls, charges and expenxs intwred w paid, Iogether with tuth interest, shall bs secured by the lien of this morty~w 6. Thsl (a) in the erent of any breach of this Mortyspe a default on the pan of the AhORTGAGOR, or (b) in the event ~ny of a~d sums of naney herein referred to bs not promptly a~d fullY paic~ within thirty (30) days next after the same severally become due and payable. withoW demand w notice, or (cj in the evcnt each and every ths st~putstions, agreemems, tonditions a~d.toven~nts of said promiuory oote and th~s mortpape ~ny or eitl+er ~re rwt iuly, prompNy u~d fully performnd, dixharged, exscuted, effected, compteted. complied with a~d abided by, thsrt in e;~her or any iuch eveot the said ag ~regats sum ment'aned i~ uid promissory note then remaining unpaid, with ~mere~t scuucd, and all moneys secured hereby, shall becane due and pay~ able fwthwith, OI 1FIMNNN~ st the opYwn of said MORTGAGEE, +s fully and completely as if ~II of the ~aid suma of mo~ey vrHe aginally stipulated to be paid on such day, anythinQ in said p.um;ssory note w in this Ntortgage to the contrary notwithstanding; and thereupon w thereafter s~ the op~ion of said MORTGAGEE, without notKe a demand, svit at law a in equity, therefae or thereaftN begvn, may be proxcuted as if ~II nwneya sewred hereby • had matured ptwr to its irutitutan. . 7. That in the evcnt that st the beginnirg of or at any time pending any svit upon ti~i~ Mplgage, w fo foratlose it, or to reform it, or to enforce payment of any tlaims hereundcr, wid MORTGAGEE shatl apply to the GouN having jvrisdiction thereo( for the appointment of a Receiver, such Coun shall fwthwith appoint s receiver of said mwtgaged property atl end singula~, i~ttud~ng atl a~d singv~ar the incoma, p?ofits, iasues and ?evenues from whatever wurce derived, eath u?d ev~ry of which, it beir?g expressly understood, is hcreby mortgaged as if spec~fically sat forth ~nd dewibed in the granting and habendum davses hereof, and such Receiva shall have ~II ~he broad and effective furxt~ons and powas in ~nywise e~irusted by a Court ro s Receiver, and such appointment shalt be made by such Court as an admitted equiry snd a matter of absolute rght ro said MQRTGAGEE, snd withoW reference to ths adequacy w inadequacy of ihe vatue of the property mortgaged or to the wtve~cy a insolvency o! said MORTGAGOR p the defendants, and fhat such. rC,enWt~~ profits, income, iuues and revenues shsll b~ applied by such Receiver according ro tM lien or ~quity of said MORTGAGEE u~d the practice of such 8. To dvly, promptly a~d fully perfwm, disthar9e, exetute, effea, complete, comply wlth i~d abide by each and every the stipulations, agreemenb, conditions ard coven~nts in said promissory note u~d th;s mortgage set forth_ 9. That i~ the eveM the ownership of the mortgaged prcmises, w any part thereof, becomea vested in a penon other than the MORTGAGOR, the MORTGAGEE, its succeuors and auigns, rt?ay, without notice to the MORTGAOR, deal with suc6 sutcessor or succeuor in interest with reference to this mortgage and the debt hereby secured in the same manner ~s with Mortgagw without in any way vitiating or diuharging the Mwtgagors' IiabiGty herr under or vpw~ the debf he~eby secured. No sale of the premius hereby mortgaged and no forbeara~ce on the part of the MGRTGAGEE or iti successors or auigm and no extension of the time for the payment of the debf hereby secured given by the MORTGAGEE or its aucceuots a auigns, shall operate to release, discharge, modify charge or affect the wginal (iabifity of the AAORTGAGOR herein, eethei in whole p in psrt. _ 10. It is specifically agreed that time ia of the cssence of this contrad and that no waiver of any obligation hereunder or of the obligatan sr _ cured hereby shall at any time thereafter be held to be a waiver of the tKms hereof w of the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the promiuory note setured hereby, mwtgagor covenants and agrees fo pay fo mortgagee with each mor~thly payment an addirional sum estimared by mortgagee to be equal to 1/12 of the annual cwt of the follow- 'ng: A-All real property taxes kvied o? assessed against the above described ~eal estate. B-Prc+miums o~ fire and windstorm insurance as herein requ~red to be ca.ried on tf?e improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurarce as rtartgag,ee shall from r~me to time deem fit fo carry o~ tlx loan setured hereby. Martgager shall from time to time r?otify mortgagor in writing of the amount due and payable hereu~der and such wm shall thereupon be due snd payable on the due date of the next monthly payment and each successive month thereafter ur.til mwtgagee shall notify mortgagor of a change in svch amount. Such sums sF.aN be apptied by mortgagee toward the psymenr of iea! property taxes, insurance prem:~ms, and mortgage a~ty iosurance premiurtts. . IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first a id. Siyned, Sealed and iver ~n the pres e of: n ~ Alfze . 2e ~ ~ aq G~rendol t ~a~ ~ ' STATE Of flORIDA ~ I ~ counmr oF St . Lucie Before me penonally appesrcd Alfsed L. Test ~ and i Gw@f1dOlYA Teft his wife, to me well knowr? snd known to me to be ; the individvals described in and who execvted the foregoing instrument, an~ acknowledged before me that fhey executed the same fa the purposes ~ therein expressed. And the sa7d G~A~lYb ?eSt ' ~ ~ wife of the ss~d Alfred L. Test ~P~"i s~pj~dl M~_~+~1~ ~ examinaYwrt by me taken separate and apart from her said husband, adcnowiedged ro end before me that she executed said ;raslnrnient~~ttr ind: w1ii~ I tarily and witha?t ~ny compulsion. tonstraint, sppre ion1tor fear of or from r said husband. . ! WITNESS my hand and offitial seal thi dsy of 1 ~~A;~D. 14~: ~ ~ ~ , ` ` , ' N ary Publit in a f the afe t*fbr~da ~t lar~s i My Commiuion expir ~ , i Retum To: f ~ ~ ~j, ~ ~ ` i Finf Fedeql Savings 3 Loan Assotiation it . , . . O i Of Fort Pierce. ~ ~ Stf~~ : • ' Forf Pierce, fforida ~ , /~r~lr~n~~..... 't ! ' i1lED ~?4Q RECO!l~E~, ` This Inst~ument Prepared By GaZy F. fillwood sT' ~~sr COUNYY ~ ~ F ROCf.F. FQi ~ ~AS ! First Federal Savings ~ loan Association C~ERK CI!iCUIT COURt ~ € of Fort Pierce , Flozida RF~4R0 VE~+~!°O.rr..,,.~ ' ~h~~ By ~ A~~ 2~ 9 0~ AN'73 i ~ Q ~e~p 2528'74 E 600K PACE~~.~?O ~ , . ~o ~~~;,.y : ,<,,,F " ' _ ~ ~ - ;r;`-;