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Home My WebLink About0474 ; t To plac~ ~nd continvously keep on the bui:dings naw w herea(~K ~it~~t~ on said la~d and on alt equipm~nl and perso:-.stly cov~red by thi~ ma~~ ~g~, w~lh dl prtmiums ~hereon pa~d in 1u11, fire insurance in ths v~ual s~andard policy fo~m, io • ivm •ppro~ed b~ ~M MORTGAGEE, and winditam irtsuranc~ in tM u~ual ~tandard polKy (am, in a sum approved by tM MORTGAGEE, i~ ~~?ch tompa~y or companiet as N» MORTGAGEE ~y direttj ~nd al~ fir~ and w~odsrorm insuranc~ polK~es on any of i+id bvilding3, iDy Il1tltlft tI~ltlin Of pirt tMlr~pl, in IM a~yre9ate sum ~lo~~said o~ In ~xceu tF+ereof, ~hall tonta;n the uiwl s~andard mor~gag~e claus~ w ~uch otMr t~~uss a~ tM Mat9ayes may reqvire, makinp ~hs 1ou u~da ta~d poli s cies, eath and evay, payabl~ ro sa~d MORTGAGEE as imere+? may ~ppear, an~ zsch snd eve.y ~uch policy shall b~ p~on+p~~Y +u.9ned a^d de~ivercd to ! any held by s~id MORiGAGEE as fur?her iecurity to uid mortgage debt, and, not leu tM~ teo (10) days in advance o( ~hs ~xp~rotion of each policy, to dr ~t liver to said MORTGAGEE a renewal thereof, tope~her with a receipl fw the premium of ~uch renewal; a~d ~her~ sMll be ~+o fire or windstorm insurancs i ptac~d on any of said buildi~gs, ~ny interest therein w part tMrtof, unles~ in the form and with IM lou paYable as atwesaid; and in tF?e eveM any ium ~ of money becomet payable uoder such po~icy w policies iaid MORTGAGEE shall have tM option to receive and apply 1he same on accounl of 1F?s indebted- ~eu ucured hereby a ro permi~ sa~d MORTGAGORS fo receive ai+d uss it w any part thereof for other purposes, ~vi~hout Ih:~eb/ waivi~ig or ~~npair- ~ ing any equity, lien w rght under or by virtue of this matgage; and in the eveM iaid MORTGAGORS shall fw any reason fail to keep the ~aid premises w ~ ineured, o~ fail to delive~ promptly sny of uid polKies of insurance fo sa~d MORTGAGEE, w fail promptly to pay fully any p~emium therefor a in a~y respect fail ro perform, d~scharge, execute, eifect, complete, comply wi?h u?d sbide by this tovenant, a any pan hereof, said MORiGAGEE maY P~sce and : pay fw such ins~rance a+ny paN thereof without waiving w ~ffectirq any option, lien, eqvity, or right under a by virtue of this Morfgaga, snd the full amount of cach and every such psyment ahall be immediately due and payable and shall bear inte~es~ irom the date thc~eof until paid at the ra~e ot nine per centum pe? annum and together with such interest shaii be secured by fhe lien of this mottgage. " 1. To ptrmit, commit or suffer no waste, impairment p dNeraration of uid property w ~ny psrt lhereof. S. To pay all and singular the costs, chargm a~d expenses, including a reasonable attwney i fee and costs of abstrads of title, incuned w paid at any time by said MORTGAGfE, because w in the evem of the failure on the part of the ssid MORTGAGOR ~o duly, promptly and f~lly perform, d~xharge. :xecute, effeN, comptete, comply w~th and ab~de by each and every the stipulat~ons, agreements, conditions, and covenants of seid promissory note and this mortgage any or ei~hcr, and said costs, charges and exper?ses, esch and every, shall be immediately due and payable; whethe? a not fhere be nofice da mand, attempt to colled w svit pending; and the fvl) amount of each end every such payment shall bear interest from 1F?e date thereof until paid a1 the ra~e of nine per tentum per annum; and all said costs, charges and expenses incurred w paid, ~ogethe? with such interest, shall be secured by the lien of thi~ ~ mortgsge. 6. That (a) in ihe event of any b?each of this 1Nortgage w default on tM part of the MORTGAGOR, or (b) in the event any of u~d s~ms of money ~ herein refmred to be not p~omptly arw f~lly paid within thirty (30) days next after the same uverally become due and payable, wi~hout demand a notice, or (c) in the event each and every the stipulatio~s, agreements, conditions and covenants oi sa:d p~omluory note and th~s mortgagc any w either are not iuly, promptly and fully performed, d~uharged, executed, eifected, completed, complied with and abided by, then in either w any such evenl the said ag gregate sum mentioned in said promissory twte then remaining unpaid, with inte~est accrued, and all moneys setured hereby, shall betome due and pay- abte forthwith, a thereaf~er, at the option of said MORiGAGEE, as fvlly and completely as if all of the said sums of money were aiginally stipulated to be paid on s~th day, anything in said promissory note w in this H?wtgage to the conlrary notwithstanding; and lhereupon or thereafter at the opt~on of sa~d MORTGAGEE, without notice or demand, suit at law w in equity, therefwe or thereafter begun, msy be prosecuted as if all moneys secured hereby nad matu~ed pnor to its institution. 7. That in the event that at the beginning of or at any time pendirg any suit upon this Mortgage, o~ to foreclose it, a to refwm it, or to enforce payment of any tlaims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appo~ntment of a Receiver, such Court shall Forthwith appoint a receiver of said mwtgaged property all and singular, includmg aIl and singular the income, profits, issues and revenues from whatever y source derived, each and every of which, it being expressly understood, is hereby mwtgaged as if spetifitally set forth and dewibed in the granting and habendum clsuses hereof, and such Receiver shall hsve aIl the broad and effective functwns and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admi~ted equity and a matter of abwlute right to said MORTGAGEE, and witlwul reference to the adequacy w inadeqvaty of the value of the property mortgaged or to the soivency or insolvency of said MORiGAGOR w the defendants, and that such renn, profits, income, iisues and revenues shall be applied by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of wch CouA. ~ 8. To duly, p?omptly and fully perform, d~scharge, execute, effect, complete, comply with and abide by ~NCh and every the sfipulations, agreements, conditions and covenants in said promissory note and this mortgage set fath. ' 9. That in the event the owncrship of the mo~tgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ' MORTGAGEE, its successors and assgns, may, without notice to the MORTGAOR, deal with such successor w successw in interest with reference to thia ! matgage and the debt hereby secured in the same manner as with.H?ortgagor w~thout in any way vitiating or discharging the Mortgagors liability hero- } under or upon the debt hereby secured_ No sale of the premixs hereby mortgaged and no forbearance on the part oi ~he MORTGAGEE a irs successors or assigns and no extension of the time fo? the payment of the debt hereby secured given by the MORiGAGEE or its successors or auigns, ahall operate ro releau, d~xharge, modify change or affect the original liabitity of the MORTGAGOR herein, either in whole or in pa?t. 10. It is spec~fically agreed tha~ time is of the essence of this contrad and that no waiver of any obligation hereunder w of the obligaYan se- ; cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of 1Fx instrument secured herby. 11. In add~tion to the fwego:ng momhly peymeNS of princ'paf and iroerest required by the promissory note secured hereby, mo?tgagor covenants and agrees~to pay to mo:tgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual tost of the follow- ;ng= A-All real property taxes levied or assessed against the above desaibed rea! estate. • B-Premiums on fire and windstorm insurance as herein requ:red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shatl from time to time not~fy 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 monthiy payment and each wccessive moMh thereafter ur.til mongagee shaU notify mortgagw of a change in such • I a.:ount_ Such sums sF.ail be appiied y mortgagee toward the payment of real property ta:es, insurance prem:ums, and mortgage guaranty insurance S ~ p~emiums. . IN WITNESS W REOF, th said TGAGOR has hereunto set his hand and seal the day and year first afwesaid. a liver ' the nce of: - sn ' ~ . . n L 11 ap (Sea4 ~ ' ROb R~ (5ea0 STATE OF fLORIDA ~ ' S5. COUNTY OF St. L11C~@ - 1 • Before me penonally appeared ~A L• RitCb6y/ a~ Roberta Ritehey his wife, to mc well knawn snd known to me to be the individuals deuribed in and who executed the foregoing instrume~t, and acknawledged before me that they exetvted the same for the p~+rposes L there~n expresxd. And the sai~ Roberta Ritehey wffe of the said " - ~n j.• Ritehey upon a separate and private examinat~on by rm~{~q~ separete and apart from her said husband, adcnowledged to and before me that she executed said instrument freely and voluM rarily and wi~he~J. any..cor~4pv}~ion, constraint, apprehension, or fear of or from her said husband. ~!l~~yF~~fiY•~~d.bnd.o~~t~~1 ~eal this ~ ~ I ~ day of ~Y A. D. 19-Z~ _ •~"Tl.t'' ~`v~~ ~ ' ~ r, , = Notary Publ'K in and fw t State of Florida ~f Large - : { ~ My Commission e:pires: ~ 0~ 3 0- 1 3 - ~ ` ~~~-Rttum T~ _ - Firtf Fedlr tLt~A~iociation J ~ : u1 ~ p.eJ~..~ ~ ~ ~t ror~ L~..~,~r , - ,jo~t PiHn.e!'4~I~ri~da,•' - , ~ ~ • ~ FILEO AHD ~tECJRDE~ ' ~ ST. lUC1E ::OttNtY PIA. ~ ` , - ROoE~ ~~~~~~AS ~ ~ " This Instrument Prepared By ~ H• Roberts, JY. CIERK C1~.~t1tT COURT• ~ First Federal Savings 8 Loan Associa~ion RECJRD IiF•~~E' ~ • of Fort Pierce~ Florida MA~'~ `n 25 ~~~3 ~ u Checked By ~ 0 R • ~ ~ aooK2~4 ~ac~ 4~ 254503 i _ ~ r - - - - - - - - - : ~ ~-~3-'%~-` . r?., ~F~ ~~w ~ ~ i ~.<x ~~'i~ ~ a y - fiz ~ v~: ~ "A`= ._.~h_'~ ,`~sca -_n,