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Home My WebLink About2799 To plaa and continuouity keep on tM buildinp~ now w Mr~aha ~i~wt~ oe? said I~nd and on ~11 equipme~t and perwn~lly tovN~d by thi~ mat~ p~, with ~II pr~miums dwrwn pa~d in full, fin intv~~nc~ ie ~M usual ~~andard poticy fam, in ~~wn app~o~~d by tFr MORTGAGEE, and w~nds~am inwr~nc~ in tFw viual ~undard poGq (o.m, in ~ su.s? approv~d by rlw MpRTGAGEE, in wch compa~y a comp+n~~s u tM MORIGAGEE m~y dir~cq ind aU fln ~nd wind~iorm in~ur~nu polica~ on ~ny o( s~id build~npt, any int~~t~t tF~~in w put tMrwf, in th~ pqreyaa w~* atwesaid ar In ~aceu ther~of, sMll con~ai~ ~hs vswl ~tandud mort9syN ciaus~ o~ such o~hK daus~ as tM Ab.tyayN may ~pu;r~. makinp the loss und~. sa~d po1F ctes. each snd evHy. paYabt~ ro ia~d AAORTGAGFE as i~s i~te~eit may ~pp~a~, and each and ~very iuch poiiq ~MII b~ promptly ~u.yned and d~livercd ~o ~ny heW by said MORTGAGEE as turther security ~o said mortpafl~ debt, ~nd, not less th~~ ten (10) days in adwnc~ of th~ ~xpir~t~on of exh policy, lo dr liva to uid MORTGAGEE a renewal th~rwf, to9etl+K with a receipt tw the pramivm of ~uch ren~walt ~nd tMr~ shall b~ no f~r~ a wind~~wm inw~~nc~ plactd on any of said buiFdings. any interesi thsrein o~ parl tht~eof, u~lsss in Ihe fam and with IFN los~ p+y~bl~ as afa~s~ids and in tM ~vtn1 ~ny avm ~ of mw?~y becornes p~yabl~ ~ndK such policy or policies uid MORiGAGEE shaU have ~h~ opt~on ro receiw ar+d ipply ths sam~ on accouM ol tM indebted neu sacu~~d hereby o~ !O permif said MORTGAGORS to ~eoeive a~d us~ it a sny put fhereot Iw other purposet. ~vi~hou~ thereb~ waivi~.g a u»pair• ing ~ny pv~ty, lie~ w right unde. w by virtue of this ~no:tysy~l ~nd in ~he ~vent ta~d MORTGAGORS shail fo~ any reason f~il ro keep the ~aid psmisas w ; insv~ed, or f~il M detiver promptiy a~y af said policiea of inw?ancs to ss7d MORTGAGEE. or fail prompHy to pay fully any premivm therefw a in any respect f~it ro perfwm„ dixherge, exetufe, effett, complete. comply with and ~bide by thia tovenant, q ~ny p~rt ht~eoi, si~d MORTGAGEE may plate +nd pay fo~ such ir?surance or ~ny part tt~ereof without waiviny or afiectinp any option, lien, eqvity, o~ right under w by virtw of this Mat~a~, ~nd the full amo~nt of cxh aed every such payment shall be immediately dw ar+d p+yable snd shall bear interest from ths d~t~ the~eof u~til paid ~t the rat~ ol nine per centum per annum and together with suth interest shall be secured by the liee~ of this mortysge. I. To permit, canmit or suffer no waste, impai~ment w detNioration of said property a any part thereof. 5. To pay all and singulu the costs, charges and expanses, including a reasonable attaney's fee snd costs of abstracts of titb, incurred w paid ~1 any time by said MORTGAGfE, betause w in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, discharge, y execute, effect, tomplete, tomply with and ab~de by exh and every the s~ipulations, agreemenri, co~ditioes, and covenanb of s~id promiuory note and this j mwtgage eny or either. and sa;d cost~, cha~ges snd expenses, each and every. shall be immediately due ar?d p~yable: whell+Qr q not there be notice dr 1 mand, attcmpl to mlled w suit pend;ngj and the fvll amouM of each and every such paymeM shall bear interest from tM date tMreof until paid al the t ra~e of ~ine per centum pe~ a~num; and aU said costs, charges a~d expenses incurred w paid, together with s~ch interest, shall b~ secured by the lien of thu f mort9age, 6. That (a) in the avent of any breach of this Mortgage w defaull on 1he part of the MORTGAGOR, w(b) in the evenf ~ny of ssid sums oF monsy herein referred to be rtot promptly and fully paid within thi~ty (30) days next aftea the same xverally become due and payabls, without demand or notice, or (c) in tt~e eveot each and every the itipulations, agreementt, condi~ions and coven~ms of ss~d promissory nafe and th~s mortgs~e any a either are nol iuly, promptly and fulty performed, discharged, eXecuted, effected, completed, complied with and abided by, then in either or any ~uch ewM the said ag- gregate sum mentaned in said promiuory nofe then remaining unpaid, with inie~est acuued, and all moneyi setured hereby, shall besome due and pay- able forthwith, w thereafter, at the option of uid MORiGAGEE, as fvlly and completely as ii all of ~he said w~+s of money were originally st~pulated to be paid on such day, anything in said promiuory note or in thFs Morrgage to the co+itrary notwithstsnding; and thereupon w thereafier at the option of :aid MORTGAGEE, without notice o~ demand, suit at law or in equity, therefwe or thereafter begun, msy be prosecuted ~s if all.mo~ey~ secvred herlby had matored prlor fo i1s instifution. ~ 7. That in the event that at. the beginning of or at any time pending any suit upon fhis Mwtgsge, w to fotetbse .N, or fo mform it, or to MfOrce payment of any, claims hereunder, said MORTGAGEE shall apply to tl~e Court having jurisdidion thereof for the appoi~tmMt of s Reteiver, such Cwut ihall Forthwith appoint a receiver of said mortgaged p?operty all si+d singvlar, i~cludmg all and singu~ar the income. profits, issues and ~evenves from whataver source derived, each and every of wh;ch, it beinq expreuly understood, is F+ereby mortgaged as if spec;fically se1 iath and destribed i~ the granting and habendum clauses Ixrtof, and such Receiver shall Fwve all the broad and effective funct~ons and powers in anywise entrusted by a Courl fo a Receiver, end such appointment shall be made by such Court as an admitted equity and a matte~ of absolute rigbt lo said MORTGAGEE, and withouf reference to the ndeqvacy a inadequacy of the valve of the propery mortgaged or to the sotvency or insolvency of said MORiGAGOR or the defendants, and that such rents, profits, incom.e, iuues and revenues shall be applied by such ReceivEr according to the tien or equity of said MORIGAGEf and the prattite of such Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect, mmplete, comply with and sbide by each and every the sfipulations, agreemenfs, conditions and covenants in said promissory note and this mwtgage set forth. ~ ~ 9. That i~ the event t1~e ownership of the mortgaged piemises, or any part thereof, becomes vested in a person other tAsn fhe MORTGAGOQ ths ~ 14RORTGAGfE, its avcceuors and ass;gns, may, withovt notice to the MORTGAOR, deal with such s~cceuor or successor in interest with refere~te to this mortgage and tAe debt hereby setured in the same manner as with Mortgagor without in any way vitiating or diachargirg fhe Mongsgors' li~bility herr under or upon the debt hereby secured. No sale of tAe premises hereby morfgaged ind no fwbearance on the part of ~he MORTGAGEE or ib successon or auigns and no extension of the time for the payment of the debt hereby secured given by thc INORTGAGEE or ib successas o' astigM, sMll operate ro release, d~stharge, modify change or affed the wiginal liability of the MORTGAGOR hereio, eithe? in whole a in pu"t. 10. It is specifically agreed that fime is of the euence of this contract and that no wiiver of eny obligatioo hereunder or of the oblipation se- cured I~ereby shall at ar.y time thereafter be held to be a waiver of the terms hereoi ot of the instrument secured herby. 11. In add~tio~ to the (orego:ng mo~thly payments of princ'pal and interest required by the promissory npte secured hereby, morfgsgo~ covenants and agrees to pay to mortgagee with each monthly payment an additional sum esrimated by mortgagee to be equal fo 1/12 of tha annusl cost of the fdlow- ing: A-All real property taxes levied or assessed agai~st the above deuribed reat estate. ~ B-Premiums o~ fire and windstorm insurance as herein requ~red to be carried on t1~e improvements situate on ihe above dtsvibed premises. C-Premiums on suth mortgage guaranfr insurar~ce as mortgagee shatl from time fo time deem fit to tarry on the loan secured hereby. Mortgagee shall from time to time nofify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the next monthly pa~ment and each svccessive month thereafter ur.tit mortgsgee shall notify mortgagot of a change in such amounf. Such sums sF.all be applied by mortgagee toward the payment of real property ta:es, insu~ance prem:ums, and mortgsge guaranty insuronce premiums. _ IN WITNESS WHEREOF, thp said MORT6AGOR has hereunto set his har.d and seal the day and year first afo~esaid. Signed. Sealed and delivered in the prese~ce of: ~•-C\ (Se~~ ~ F Q K-~ • i 'G ' / ~ aD I ~ ~SeaQ I ~ STATE OF FLORIDA ~ ~ couNrY oF St. Lucie ~ Before me personatly appear Ke~ll'I@tb W. Ly(~ s~ ~ ~ y his wife, to me well krawn and known to me to bs : ~ the individuals described in end who executed the foregoing instrumeret, and ackrwwledged before me that they exetuted the wme for the pwposes t ~ therein expressed. And the said Al~ D. l.Yd81 ~ wife of the aaid Kenneth W. ~,y~ vpon a sepsrate and privat~ M exami~at~on by me taken separate and apart from her said 6usband, acluwwtedged to and before me thaf she execvted said instrument freely u~d volurr y rarily and withovt arry compulsion, constraint, sppre~~ ~ or fear of or from F~er said = WlTNE55 my hand and officisl seal thi day of A, p, tq 73 - ~z ~ i1LE0 ANO R~Ct~ROE~ ary Publ'~c in and for tM State of Fbrid~/'{~f~p ~1y~~ ~ ST. ~UCIE COUNTY FLA. y~'^m'u~°° exPi~K` ~ i,: ~/f,~ t Return io: Q` ~ ; First Federal Savi • ~ ~oan ~?ssociat~on ROGER POI~RAS '•.,~,9r'~y . "9 CLERK CInCU1T COURT `fi . ~ k,: • f Of Fort P~erce. p ~ ' ; ~ = ~ RE~O..C YCR:FIEO.~....~~. . . Flf.4+~:A a!_(~(~ ~T ' . = Fort Cirrce, fforida ~ r - ~ MAY 9 IO 34 AH'73 ~ ~ r ~ ~ ; F k ^ U7 • i~• rJ ~ w~ ~ This Instrument Pre red B John W, ~ ~ ~ ~ ~ ~ ~ pa y Collins { ~ sjti~-F~Of• ~ First Federal Savings & Loan Assotiation . ~~`'~«,u~~N+~N~~~`' ~ of fort Pierce ~Fla. 253976 Checked B do~~ 213 ~a~~ 2795 .b . . r . _ _ _ b. _4 . n~~ ~ -