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Home My WebLink About2791 To pl~cs and cominuously kMp on tM buitdi~qs now or hNe~ftN u?wt~ on said I~nd a~+d on dl equipn~M u~d paswully covKtd by tAI~ mor~¢ ~Q~ witA all pr~mi~m~ ~herson pa~d in luil, fin ir+sur~nt~ in ~M us~d Naodud policy fum, in a wm ~pprovtd by tM MORIGAGEE, and winditam inswana in 1M uswl s+u+da.d pol~cy form, ie • swn approv~d by ~M MORTGIIGEE, in wch company a canp~ni~s u N+~ MORiGAGEE may dinctt ~nd all fin a~d w+edsfonn insw~np policies on ~~y ol fA1d I1YIWif10t~ M1y IN~HN) fllff~lfl Of wIl ~FIffMI, In th~ pyreyaa wm ~fo«sa~d or I~ ~apu 1her~oi. ~hall con~+i~ th~ vsval sa~+dxd mortya~ cla~~ w such wF~ claus~ ~t tM Matpa~ may r~qu~n. maAinp ~1w loa unda sa;d po1F ciss. sacF? and ~wry. paY+bl~ ro said MORiGAGEf ~s in inrereat may ~pp~ar, u~d Nch and ~very ~uch pol~cy shatl b~ promp~ly as~ yned and deliv~red ~o ~ny hsld by ~ud MORTGAGEE as further sscurity to sa~d mort~a~e debt. ~nd, not bu tMn qn (101 days in ~dvance of tM ~xpir~tioe ol each policy, to dr~ liw~ to uid MORTGAGEE a r~new~l th~r~of, topetMr with ~ fKf~pi ~Of IM pflmiW~l OI ~uch renewalr and ther~ shall b~ ra fu~ w w~ndstam insur~nc~ ~ plac~d on any of sakl bulldinps, rny intereit ther~i~ w put thersof, unleu in tM iwm ~nd wi~h li» loss p~yabh as afaesaids +~d in the ev~n1 any sum of morNy becomes p~yabi~ ~ndN such policy w pol~cies uid MORTGAGEE shall Mve tM option to ~ece~ve ~r+d ~ppty tM ume on xcovn~ of tM indebted~ ne~a satured htrsby a a pe~mir s~id JYWRTGAGORS to ~sceive and us~ b p~ny part thereof lot other purposq, wi~Fw~t thereb~ waivi~ig a nnpair- ~n~ ~ny p~iy, lien or rqh~ w~der or by virtw of thia mort9a~e; ~nd in tM w~m ~aid MOR1CsAGORS shafl fw a~y reason faif to keep tM i+~cl premiies to insu~ed, w faTl 1o deliver promptly ~ny of said policies of iniw~nce to uid MORTGAGEE, o? fail promptly to p~y fvlly +ny premium therefw o~ ie any reipea lail ro p~rfonn, dischargs, e~eacute, e(fed. complets, comply witA u+d abid~ by this covenant, w any part heraof, said MORiGAGEE may pl~ce ~nd psy fa iuch lnsuranc~ w ~ny put tAereof without wsivirg or ~ffectinp a~y optia~, If~n, aquity, a ripht u~der or by virtus of this Mw~gspe, and the fuit ~mount of e~ch ~~d every suth pay+:~ent shsll bs imocdi+tely dw and payabk and sMll be~r intere~t irom tM date thereoi unlil paid at tM rite of ' nine per cyntum pN annum and together with such interest shall be secured by tM IiM of this mortps~e. } 1. To parmit, commit or suffer ~o wasts, imp+i~meM o? detaioration of said property a uiy pah thereof. a t S. To pay all and sinpulu the costs, charges ~~d expenses, i~clvding a reasonabte attwney's fee srd cosn of abstracts of titls, incurred w paid ~f ~ any fime by said MORTGAGfE. becavss w ln the eve~t of ths failurs on the pa~t of 1M said MORTGAGOR to duly, promptly ~nd fully pe?fam, diuhar9s, execute, effect, compkle, tomply with and ~b;de by each ~nd every the stipubtions, agreert~enta, conditions, and covenants of iaid promiswry nore and this mortya~e +ny or eitF?e~, and said cosn, <harges and expenses, each and every, sh~U be inu~edi~tely dw snd payable: whether or not ihere be notice dr ~ mand, attempt to co11eN or wit pending; uid the full amouM of eath ar~d every svch paymem ihall bear interest frdn the date the~eof until paid N fhe 4 rate o1 nine pet ce~tum pe~ an~~um; and all said costs, charpea and expenses inturred or paid, toselher with sutF? inlerest, shall be setured by the lien of thi~ ~ mortgays. ~ ~ 6. That (a) in the e~rent of any breach of this Mwtgspe o~ defautt on the part of the MORTGAGOR, w(b) in the event sny of sa~d tums of money ! herein referred to be ~ot promptly a~d futly psid wi~hin Ihirfy (30) days next aftc~ Ihe same sevtratty become due and psyable, without demaod w notite. or (c) in the event each and every the slipula~ion~„ sgreements, conditions and covenanh of sa~d promissory note and th~s matpaye any or either are not iuly, promptly and fully performed, diuharged, execvted, effected, comp{eted, complied with snd abided by, then in either w sny si?ch ave~t rhe wid ag g~egate sum mentioned in said promissory note then rsmaining unpa;d, with interesl stuued, and all moneys secured hereby, shall become due snd pay- abte fathwith, a tFxreafter, at the option of said MORTGAGEE, as fvlty and completely es if ~II of the said surtu of money were wiginalty stiputated ro be paid on such day, anything in said promissory note or in tha Mortgage ro the coetrery notwithatandirg; and thereupon a thereafter at the option of sa+d h10RTGAGFE, without notice or demand, suit at law w in equity, therefore or thereafter begun, may be proxcuted as if all moneys secured hereby nad mawred pr~or to its institution, 7. Tha1 in the eve~t that at the beginnirg of w at any time pending any su~t upon this Mortgage, o~ ro foreclose it, o~ to reform It, w to enfwce payment of any claims he?eunde?, ssid MORTGAGEE shall apply to fhe Court having jurisd~pion ~hereof fw the appointmer?t of a Receiver, wch Court shall Forthwith appoint a receiver of said mortgaged property all aod sinpular, intlud~ng all and singular the intome, piofita, iuues and revenues irom whatever' source derivcd, eath and eve?y of which, it being expteuly understood, is hereby mo?tgaged as if specificaily xt forth •nd dewibed in the grantir?8 ar+d habendum clavses hereof, and such Receiver shall have ~II the broad and efiective funct~ons and powers in snywise entrusted by a Gou~t to a Reteivcr, and svch appoi~tment shall be made by such Court as an admitted equity and a matter of absotute right to ssid MORTGAGEE, and without reference to tF~e adeqvacy or inadequacy of lhe value of the pioperty matgaged or to the s~Nency or i~solvency of said MORTGAGOR or 'the defendann, and that such renrs, profits, income, iuues and ~evenues shall be applied by iuch Receiver according to the lien or equity.of said MORTGAGEE snd the precfice of such CouA. ' • 8_ io dvly, prompNy and f~lly perform, discharge, execute, effect, complete, comply with and abide by each ~nd every the sfipulations, agreements, # conditions and covenants in sa~d promissory note and this mwtgage set forth. ~ 9. That in the event the owne?ship of the mortgayed p?emiies, w any part thereof, becomes vested in a penon other fhan the lNORTGAGOlt, fhe MORTGAGEE, in successors and auigns, may, wiehout norice to the ARORiGAOR,_ deat with such successw ar sutcessw in interest with retcrence fo this mortgage and the debt hereby setured in the same manner as with Mortgagor withovt in any way vitiating or diuharging the Mortgagors' lisbility here- under or upo~ the debt hereby secured. No wle of the premises hereby morrgaged and ~o fo~bearance on !he psn of the MORTGAGEE or its successors or assigrn and no extension of the time fw the payment of tF~t debt hereby secured given by the MORTGAGEE or its successors w auigns, siwll opcrate to release, discharge, modify change or affett the origina{ liability of the MORTGAGOR herein, either in whole or in part. • 10- It is specificatly agreed that time is of the essence of this contrad and that no waiver of any, obligation heievnder or of the obligation se- ~ cured hereby sha!! af any time thereafter be held to be a waiver of the terms hereof or of 1Fx instrument setured herby. 11. In addnion to the fw o: mw~thl a ments of mc" al and interest r ~ eg ~g y p y pr' p equir~d by the promissory note secured hereby, mortgagor covenants ard agrees ro pay to mortgagee with each monthly payment an addirienal sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- fng: A-AI! rea) property taxes levied w assessed against the above desuibed real estate. ~ B-Premiums on fire and windstorm insurance as herei~ requ~red to be carried on the improvements situate on the above destribed premises. ; C-Premiums on suth mwtgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the ban tecured hereby. Nbrtgsgee shall from time fo time notify mortqagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ayable on the due date of the next month:y payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such a~nount. Such sums shall be applied by mwtgagee toward the payme~t of real property taxes, insurarxe prem;ums, and mortgage guaraniy insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yesr first sforesa" ; Signed. Seakd and delivered in the preserxe of: I - a4 i ' ~~e s4 ` ~n i i ' i ness `s'~~ ~ STATE OF Md5 CI1i15@ ' - t COUNTY OF ~ ~ ' E . ~ sero.e erwrwlly appeared A~~? R. I.eYden, a s ing2e a d ul t ; ~ # ~ib ~rift, to me weU known and known to me to be ' E ihe individwb described in and who exetuted the fweganQ instrument ane! acluwwkdyed before me tF?at they exacWed the isms for the purposes - $ ~ therein ezptessed. Awd-fl~e-isid ~ ~ x vAf~v~fl+~eald-------------~_~.,..~---------------------------------------tipen-e-sep~rote~wdpein~r- ~ e,cemins~iwr b~r mc lsken sepvete ~nd-aparr fia~r her sai~ln~n~- sdn+owkdge~ te-snc~ bef~ermt N+et-sltie-execvted-asid-ins?runx~N ~ree~p an~ ~dw? - ~ iarily ~wd wi1~M~lt~l1~ lOwlpll~liOw,~CyMMa1/N~ "'i'~II~t~MMiM~? !F ftK-O~ !F ~fMIF~1!? Mi~trf`if1~.~ ~ ~ ~ ~ ~ ~y W17NE55 my hand snd official seal thi d~y of A D. 19 73 s e ~ ' sry Pu P m snd iot the State o• ' S Y ~ s Retum To: fIlEO AMO RECORDE My Commiu'ron expires: ~~i,~ - } . ~ ~i~ Y ST. LUCIf COUNTY fl . r""' • ~ ~ ; First Fedenl Savi s d. loan Assotiation _ R06ER P01TRA5 ~ ^ of Fo~t v~e~ce. CLERK CIRGUIS COUiIt / ~ ~ ; • ~ j Fort Pierce, florida 1 . ; ~ RECOa~ vEa f~E ~ ; a: ~ 9 !0 34 ~'T3 ~ ; ; : ~ - s ~ ~ ~C. ~a This Instrument Prepared By J. H. Roberts Jt . ••C~P,~; ; X First FPderat Savings & Loan Association ~ J ~ ~ T~• ' I 3 of Fort Pierce ,Flarida ~ + ~ ~ Checked By ~ . ~ ' ~ ~ _ 2539'72 G ~ r ~1~ ~~~6t ~787 s t~ _ ~ ~ ~ : ~ `