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Home My WebLink About2034 J. To plac~ and co~~i~uousty ke~p on Ihe bui:d~nps now w here~itN ~i~u+~~ On faid land and on alt equipnenl and pNtw~ally cov~red by ihi~ mw19- ~9~, w1~A •11 premium~ the~eon pa~d in (ull, ti~c in~urance in ~he usu~l sund~rd policy fwm, in • ium app~ovad by the MORIGAGEE, and wind~~am insuruK~ i~ ~I» u~ua) ~t~ndard pol~cy lam, in • sum app~oved by N» MORiGAGfE, in ~uch tompany w companief N tl+~ MORiGAGEE ~nay d~red; and all fir~ and w:ndstorm insurance polk~ei on ~ny of seid build~nys. ~~y in~~~es~ ~herein o~ p~rt the~aoi, in iM ayyr~yatt ~um ~lor~said o~ in ~xctss Ihereof, fMll co~tain the usual standard matpap~s clause w suth otMr tlaus~ ~s tM Malp~gee may requir~, nuAinp ths lou unde~ ~a~d poli~ cies, each ~nd every, payabfs ro said MORTGAGEE as ~~i int~re~t may appsa~, +nd each ~nd ~very s~ch policy shall be p~omp~~y ~ss y~ed and delivered ~o any held by said MORTGAGEE ai Iur~F~s~ iecurity to sa~d mwtgaye dabl, and, ~ot leu ~Mn ten (10) daYS in +dvance of ~he expir~tion of each potity, to da I~wr ro isid MORiGAGEE a renewal thsrwf, to~eiF»r witl~ a rece~pt fw ~M prsm~um of such renew+l; and +here aMll be no f~re or windttorm iniuranc~ plac~d on ~ny of :sid buildings. •ny i~~ereil thare~n a put thereof, unleas in ~Fw form ~nd wi~h tF+~ loss p+yabl~ ~i •fwesaid: u+d in the ~venl any ~um of mon~y becomss payabte under ivch policy or pol~cies iaid MORiGAGEE ihalt have ~he oprion to receive •nd ~pply the same o++ accou~~ of the indebted~ neu secured he~eby o~ lo permit said MORTGAGORS to rcteirO and us~ it p any part thcreoi lo~ othc~ purposrs, v~~~hout th:~cb~ waiving or ~n,pai~- ~~+g any equ~ty, lier? w~~9h~ unde~ w by virwe of thi~ m~tgsge; and in tM evenl said MORTGAGORS sMll for ~ny reason fail to keep ~he s~id premises so insured, a fail ro deliver p.omptly any of iaid polK~es of insurance to said MORTGAGEE, a fail p~omptly to pay fully sny premium therelw a in a~y resped lail to pafwm, d~scharge, execute, ef(ad, complete, comply with and abid~ by this covenant, w any parl hersof, said MORTGAGEE may place and pay tw tuch insurance w any part thereof wi~hout waiving w affecting any option, lien, equity, or right vnde? a by virtw of thii Ma~gage, and the lull artaunl of eath and every suth payment shall be immediately dw and payable and shall bear interest from the date 1herMf until paid at the rare ol nine pe? tentum per annum and to~ethe~ with such interest shalf be secured by the lien of this mortgsge. • 1. To permit, commit a suifer no waste, impairment a deterloration of said property w any pan thercof. 5. To pay all and singulu the costs, charges and expenses, including a reasonsble anorney i fee and costs of abstrads oi title, incurred or psid at eny time by said MORTGAGEE, bccause w in the event of the failure on the pa?t of the said MORTGAGOR to duly, promptly and futly perfwm, diuharge, execute, effcct, complete, comply w~th and abide by each and eve?y the stipulat~ons, agreemenn, cond~tions, and covenants oi sa~d promissory note and this matgage any or ei~her, snd said costs, charges ar+d expenses, each and evcry, shall be immediately due and payable; whethe~ or not there be ~~ice dr msnd, attempt to collect or wit pending; and the f~ll smount of each ~nd evcry such payment shall 6ear interesl from the date thereof until paid al Ihe raie of n7ne per cemum per annum; and aU uid costs, charges and expenses ~ncurred o~ paid, together wnh such imerest, shall be secured by the lieo oi th~~ mortgaye. 6. TMt in tl+~ eveM of any bresch ot this Mwtgage or default a? the parr of the MORTGAGOR, w(b) in the event any of sa~d sums of money herein referred to be not promptty and f~lly paid within thi~ly (30) days next afte~ the same severally become due and payable, without demand or notice, . or (c) in the event each and every the stipvlatio~s, agreements, cond~tions and covenants of sa~d promissory note and th~s mortgage any o~ either a~e nol ~uty, promptly and fully performed, d~scharged, exxuted, effected, completed, complied with and abided by, then in e7ther w any such event the said ag- gregate sum mentioned in said p~omisswy note then remaining unpaid, with inte~est accrued, and all moneys secured hereby, thall become dve and pay ab~e forthwith, or thereafte~, at the opr~on of said MORTGAGEE, as tully and complNely as if all of ihe said sums of money were w~g~na~ly stlputafed to be paid on such day, anything in sa:d promisswy note or in this Mortgage to the contrary notwithstanding; and thereupon o~ thereafter at the opt~on of sa~d MORTGAGEE, without norice or demand, suit at law w in equity, therefwe w thereafter begun, may be proaecuted as if all moneys secured hereby had maNred pt~w to its institution. ~ 7. That in the event that at the beginning of w at any time pendi~g any su~t upon this Matgsge, a to fweclou it, w to reform it, or to enfwce ~ payrrxnt of any claims hereunder, said MORTGAGEE shall apply to the Court having juri:diction thereof for the appointment of a Receiver, such Court shall Forthwith appo:nt a receiver of said mortgaged property all and singular, includ~ng all and singular the intome, profits, iuues and reveaues trom whatever sovrce derived, each and every of which, it being eapressly ~nderstood, is hereby mortgaged as if specifically ut fwth and deuribed in the granting and habendum clauses hereof, and such Receiver shall have al! the broad and effective funct~ons aod powers in anywise entrusted by a Court to a Receiver, and j s.:ch appointment shall be made by such Court as an admitted equity and a rtwtter of absolute right to said MORTGAGEE, and without refere~ce to fhe ' aJaquaq w inadequacy of the vatue of the property mortgaged w to the sowe~+cy or insolvency o( said MQRTC~/1GOR w the defendants, and that such ~Cnt3, profits, income, issues and revenues shall be applied by such Receiver according to the lien or equity of ~id MORTGAGEE and the practice of such COUf~. Y 8. To dufy, promptly and fully perform, dixharge, execute, effecl, compiete, comply with and abide by each and every the stipulations, sgreements, ~ conditwns and covenants in said promisswy note and this mortgage set fwth. 9. That in the event the ownership of the mortgaqed premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, ita successors and assigns, may, without notice to the MORTGAOR, deal with such successw w successor in interest with reference to this mo:tgage and the debt hereby secured in the same manner as with h'brtgagor without in any way vitiating or. dixharging the AAoregago~s' liability her~ ~nder p upon the debt hereby sec~red. No sale of the premises hereby mortgaged and no foibearance on the part of the MORTGAGEE w its successors or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate ro releax, dixharge, modify change w affect the original liau~l~~y of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is o( the essence of this contract and that no waiver of any obliqation hereunder o~ of the obligafion sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11_ In add,tion to the iorego'ng monthly paym~nts of princ'pal and interest requ~red by the p~omissory nore secured hereby, mortgagor covenants ard agrees to pay to mo-tgagee w~th each monrhly payraent an add~rional sum estfmared by mortgagee to be equal to 1/ 12 of the annual cost of the follow- in3: A-All real property taxes levied or assessed agai+~st the above dexribed real estate. . B-Premiums on fire and wind:torm insurance as here~n requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums o~ such mwtgage guaranty insurance as mortgagee shall irom t:me to time do-~m fit to carry on the loan secured hereby. Mortgagee shalt from time to ti:ne notify mortgagor in w~iting of the amount due and payable hereunder and such sum shall thereupon be due and ' ~.ayable on the due dare of the next monthly paymen~ and each succassive momh thereafter ur.til mortgagee shall notify mortgagw of a change in such ~ amount. Such sums sh.ail be appfied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranfy insurance I p•emiums. - ~ IN WITNESS WHEREOF, the said ORTGAGOR has hereunto set his hand and seal the day and yea irst afwesaid. ~ ~ _ a a de~iv ed in t presence of: - ~a/V~l ~ [j(/~,i_-_._. ~an -Q.~i~.~ W3 b~i n H W (Seap _ ~sn : ~ .Tohnn3i D. willias~ tseai) ~ ; STATE OF FIORIDA " ~ f - ~ 1 St. Lucie ~ couNrY oF Before me perwnally a peared Wilbusn H. wi1138a:~.T1'. ~ a~d .jO~innie will~dll: his wife, to me well known and krwwn to me to be the individuals desvibed in and who executed the foregoi^~4 instrument, and acknowledged before me that they executed the same fw the purposes therein expressed. And the said ~+O~lAni! williaas ~ r~~(e of fhe said 1~~IbIlrA H~ {~~ll~a~~~ .1=• ~.v~e~tJ iepar~re~ 54j Prlvai~ e=am;nation by me taken separete artd apart from her said husband, acknowledged to and before me that she execwed said ifgll~~fpent~Frpol~andiyolun- ranly and without any compuSsion, constraim, apprehensi fear of or from her ssid husband. s, . ~ WITNESS my hand and official seal this day of ~y - ,/L,~. - • : y^ ~ ; • Notary Public in and fw e Statd pf ids et La~ge ; _ ~ My Commiuion expires: 1 p= c~y 7•` - ~ ~ Return To: . . . • ~ ~ First Federal Savings 3 loan Associat~on ~~~i, ~ . • ^ i, ~ Of Fort P[erce. - - - ~ • Fort Pierce. Florida ' fj lED AN3 ~iECORDED ST.ItJCIE GO(1MTY FLA. ROCE~ ?O~TRAS This Instrument Prepared By J. H• RobeYts J= C~ER~ t~itCU1T COURT First Federal Savings 8 Loan Association ~ ?f~r,qp vEf tf~E~ ~ . of Fort Pierce ~ RloZida ~ 1 3 si PH ~73 Checked By ~~~~26 8~ i'~f~~WJI fl.~ _ ~ _,,~s - , _ ~ - a~ - - _ ~.:M1 ^ ,