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Home My WebLink About0990 i To pl~c~ ~nd continvoualy ketp on 1M buildir+gs now u Mrea(tH ~it~~t~ on ~~id lae~d and on +II equipme~t ~nd peno~ally cov~~ed by this mat¢ f p~. with all pr~miums therwn pa~d in iutt, iire tniur~nce in tM usval itanda.d policy fwm, in ~ tum approv~d by the MORiGAGEE, and wind~~am ~ ~nsw+nce in tM uiwl ~t~ndard pol~cy form, i~ s sum ~pp~ov~d by ~M MORTGAGEE, in wch canpa~y or compa~ies a tM MORTGAGEE may E d'u~ctt ~nd all tir~ and wlndsrorm insuranct policie~ on ~ny of said buildinp~, any tro~~~~t thsroin w put thtreof, i~ the aQpr~pat~ wm ~lo«taid w ~ tn ~xt~st the~wf. ~liall tontain tM uswi itand~rd mor~qapK claus~ a such othK claus~ a~ tM Matqaya~ may req~ir~, maMinp ths loss unde~ sa~d poli~ cies, e~ch and ~y. p~Yabl~ to s~id MORTGAGEE +s its inte~est may ~ppear, ~nd each and every s~?ch poliq ~hatl b~ promptly ui:qned and detivered ro any MW by said MORTGAGEE as furtAe~ secu~ity to said mortyap~ debl, and, no1 lesa than ien (l0) days in sdv~nc~ of tM expir~tion of each policy, to da livK to a~id MORTGAGEE a renewal thtreof, topetl~ wi~h a receipt for ~he pr~mium of such renewalt and ther~ sF+~ll be no fire or windilorm ins~~~nt~ p~~ced on ~ny of said b~?ildings, ~ny intert~t thersin a part ihereof, vnleu i~ 1Fr form u+d wiih tM loa payable as afwesaid~ and in tF,~ evsnl any sum of mw~~y bacornsa pay~bl~ unde+ such policy w policies taid MORTGAGEE shall h~va tM option to ?eceive and apply the s~me on acco~N of the i~debted- neu tKUrtd I~eby p~o psrmit said MORTGAGORS lo reteiva and us~ it or any part thereof fa olhcr purposes, without thareb~ waivi~ig or uf~pair- in~ any puiry, licn or right under or br v'utue of this rtwrtgape; and in 1M event said MORTGAGORS shall fw any reasw~ fail to keep the said premises so insu~ed, o? fail to deliver pfomptly_ ~~y of uid policiea af inswant~ to ssid MORTGAGEE, a(ail promptly lo pay fuily any premium therefw w in any : respact f~il fo psrform, diuMrge, executs, eff~cf, comptets, comply with ~nd abide by this tove~aM, a any pa~t Aereof, ssid MORTGAGEE msy pl~te and . ~ paY fw such inw~ancs or any parl tAereof without waivirg a affectirq any option, lien, squity. a rigM vnder w by virtw of this Mwtqa9e, and the i fuN artw~nt of esch and every iuch paymsm shall be imrrKdiately dw and payable ~nd sMll bei? intaest irom ths dat~ tha~eof until paid at tF~s rats ol j ~~n~ per tentwn per annum and toqetber with such interest shal{ be secured by ihs livo of this mwtp~ge. ; 1. To peimit, commit or wfier ~?o waste, imp~irment a deterioration of said {uoperty or a~y put tlxreof. S. To pay all and sinpulu the cost~, cMrpes end expenses, includirg a reasonablb attwney i fee and wsts of abstrac*s of title, incurred or paid st any Y~me by said MORTGAGEE, becauae a in ths evem of the (ailure on the psn of the said MORiGAGOR to duly, promptly and fully perfwm, d~schargR executt, effecf, ccmplets, comply with and abide by esch ~nd every 1he stipulations, sgreenx~ri, conditions, and covenants of said pranissory note and thii mortgaqe any a ei~her, and said cosb, cMrges and expenaes, each and every. sF~ll b~ immediately d~e and payable: whether or r+ot there bs notice de~ mand, attempt fo cotkcf or wit pending; and th~ full amount oI each ar+d every svch paymeM sMtl besr interesf from the date tM~eof until paid at the rate ot nine per centum per ~nrn:m; and all said costs, charges and expenses incurred or paid, together wilh svch intQrest, shall be secured by the lien of thu ' mO~f~A~s. i ~ 6. That (a) in ths event of any btesth of thia Mortgege w defa~lt on tM part of 1he MORTGAGOR, w(b) in tM event any of s~~d s~ms of money ~ herein referred fo be nof promp?ly and fully paid within thirty (30) d~ys nexl afte~ 1he same severally become due and payabk, withovt demand or eatice, or in the ewm each and every the sHputstions, sgreements, conditions and coven~nts of said promiuory note and this mwtgage any a ei~her are nw iuly, prompNy and fu!!y perfamed, discbarged, executed, eifected, completed, complied with snd abided by, thea in either or any such event 1he said eg gregst~ wm mentionad in said promissory note then remaining unpaid, with interest acuucd, and all moneys secured hereby. shali beoome due sr~d psy- able fathwith, or thereafter, it tl+e option of said MORTGAGfE, as fvlly snd completely u if all of the wid sums of mo~uy were orginally stiputated to be paid on iuch day, anything in said promiuory note w in this Mortgage to the contrary notwi~hstanding; a~d thcreupo~ or thereafter at the opiwn of ' said MORTGAGEE, withoW notice o~ demand, suit at ~aw or i~ equity, therefore or thercsftr begun, may be prosecuted a~ if al! moneya secured hereby had rMtured prwt to iri institution. 7. That in the evenl that st the beginn;ng of or at any time pendirg sny suit upon this Mortgage, or to foreclose it, w to ~eform it, or to enfwce payment of any da'uns hereunde~, said MORTGAGEE shall apply to the Cou?t having "ry~i~diction thereof iw the eppointment of a Receive~, such Coun shsll forthwith sppoiM a receiver of said mortg~ged poperty all ar~d singular, includ~ng all and aingvlsr the income, profits, issues ard revenves from whatever sourte derived, ~ach and every of which, it being expreuly vnderslood, ia hereby mortgsged as if specifiatly set falh ~nd desuibed in the granting and habendum ctauses Ixreof, snd such Receiver shall have all the broad and effedive tvnctions arw! powers in anywise entrusted by a CouA to a Qeceiver, and such ~ppoi~tmem sFWll be made by such Court as an admitted equity and a matter of absolWe r'ght ro said MORTGAGEE, snd witFwut rcference to the' adrquacy w inadequacy ot the wlue of the prope:vty mortgaged or to the wtver+cy w insolvency oi said NtORTGAGOR a the dele~ants, and that such .ents, profits, income, issues and revenues shaU be applied by such Receiver according to the Iien u equity of said MORTGAGEE and the practice of such Court. 8. To duly, prompNy and fully pertorm, dlscharge, exec~!e, eifect, complete, comply with and abide by each and every the stipulations, agreements, f conditiom and covensnts in said promisso?y note and this mortgage set fwth. 9. That in ths event the ownenhip of the mo?tgaged premises, a any part theveof, becomes vested in a person other fhart the MORTGAGOR, the ' MORTGAGEE, ifs succeuws and auigns, may, wi~hout notice to the MORTGAOR, deal with such succeuor w successor in interest with reference to this s` mortgage and tiK debt hereby secured in the same manner as with Mortgaga witho~t in any way vitiating or discharging the Mortgagon' liability herr under a upon the debt hereby secured. No sate of the premises hereby mortgaged and no farbearsnce on the pan of the MORTGAGEE w in successon or assigns and no extens'wn of the time fa tF~e payme~t of the debt hereby secured given by the MORTGAGEE or its sexcessors or ass;gns, shal) operate ro release, dixharge, modify change or affect the orginal liability of tFx lNORTGAGOR herein, either in whole or in part. 10. h is specifically agreed that time is of the essence of this contract and that no waiver of any obligat7on hereunder w of the obligation se- cured hereby. shall at any tirt~e thereafter be held to be a waive~ of the terrry hereof or of the instrument secured herby. 11. In add~tion to the forego:ng monthly payments of princ'paf and interesr required by the promisswy note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: ~ • i A-All real property taxes levied or assessed against tt~ above dexribed real estate. . B-Premi~ms on fire and windsto?m msu~ance as h~~ein reqv~aed to be carried on the improvements situate on the above desuibed premises, C-Prtmiums on suth mortgage guaranty insurance as mortgagee shall from time to time deem fit tp carry o~ the ban secured hereby. N4ortgagee shail from time to time notify mwtgagor in writing of the amount due and payable F+ereunder and such sum shall thereupon be due and Fayable on the due date of fhe next monthty payment and each svccessive month thereafter urti) mortgagee shaU notify mortgagor of a thange in such t amou~t. $~ch sums shall be applied by mortgagee toward the payment of real property taxes, i~su~ance prem:ums, and mortgage guaranty insurance ~ premiums. IN WITNESS WHEREOF, the saed MQRTGAGOR has hereunto set his hand and seal the day snd year first aforesaid. Signed, Sealed and delivered in the presence of: ~ ~ -1/S-~(~l ~-~.e?<Yl __(5esq ' - ~ Robert . Farmer ~ . aq ~ uanita L: Fazmer ' 1 STATE OF fIORIDA • ~ COUy7Y OF --St• Lucie ~ ~ ~ 8efae me penonalFy appeared Robert L. Farmer ~ I Juanita L. FaY~@Y' his wife, to me well known and known ro me to bs ~ the individuats described in ~nd who executed the foregang instr~ment, and atkrawledged befwe me that they executed tf?e sarne for the purposes j rherein expressed. Ard the said '~~n~ta I'~ FaZ~eY ~ wife of tha wid Robert L. Farmer upon a sepsrate snd p?ivatt examcnaYan by me taken separate and apaH from her said husband, ackrawledged to and before me thst she executed said instrument fr4ely and vol~rr rarily and w;thout ~ny cumpuls'an, corutraint, appre , pr~ fear of w from her said husband. t_ WITNESS my hand and official seal thi dsy, May A. D. 19 73 \ ~ Q t c~ ' , Notary Public in and iw tF~e State of Fbrid~ ~t larpe My Commisaion expires: Retum To: . . First feder~l Savings 1L loan Association NOTAR1f pUgu~ ~ATE of Of Foit PiercC- ~5~~ • n ~QQ~ ~~.j , t1~ri:1f5f ly!//1 . Q M1' COMifISS10N EXPIRES IAN. 7. 1~ : c~ ~~~hi Fort P7erce. Florfda ~~deA 8Y Ameriqtl Banke~s 111~yl~; ~~'li . J 1 . ' ~ ~y ; ; ' ~ ; - ~ . Q > , ? This Instrument Prepared By John W. Coll~l A!10 P~~ORDfa ~ = i 9 S~.~UCSE GOUNSY FU. : O .j - ' First Federa) Savin s b Loan Association ~{E.EO , ~ • ~ ! . of Fort Pierce Rlo=fda ROGrR Pfl S COURT~ e~~ ~ EFiK Ci ~.C J ~ ~ ,-,c: - f ~,p REGpQ4'JER1~1E0~-~+~'r" " ' ••t~~;~~~~- i Checked By,r1h- '~y 1'3 slATc flE 989 M~ Z~ o ` 9 ` t s°o~K2~4 P,~cE 2 ~ ~ ~ js . - - ~ ` . ; ~ '