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Home My WebLink About0996 ' ~ ~ ~ 3. To pl~a and cominuously k~sp on ~h~ bui;d~npti now a M/NfIN fitu~~~ on ~aid tu~d and on sll puipm~nt ~~d p~r~on~lly cow?ed by thi~ mor~~ +Qt, with all pemivm~. ~1~sp~ pa;d in fufl, lire ieiwanc~ ie th~ usu~l ~tandard policy torm, in • ium approvtd by th~ MORiGAGEE. and wiads~am inwra~c~ i~ tM wwl s~andard pol~cy fo~m in ~ wm approv~d by tM MORTGAGEE, 'in wch company w compani„ a tM MORTGAGEE may dinctJ ~nd ail f&~ uw1 windttorm in~wancs policie~ on ~oy oi aid bvildinps, ~ny int~r~at tFx~~in o~ part Ihtr~of, in tM app~e9~q wm ~faesaid w' In ~xcws ~herwf, ~hall cont~in tM viwl iundud mort~apN clwst w such aha cl~us~ ~s ~M MortQa~e~ m~y ~puu~. makinp tM tou unda u~d poli~ cies, each and twry. paY~bl~ a said MORTGAGEE u iq inle~est maY ~pp~ar. u~d each and ~v~ry :ucA policy ~hall b~ p~omptly ~u:Qned and dtlivered to sny held by said MORTGAGEE as f~~ther security to said mort9a9~ debt, and, eat I~ss than t~n (10) days in advance of the expir~tion oi e~ch policy, to dr j livar to ~id MORTGAGEE a rtnewal tF+~reot, topttMr witA a reteipt fw tM prpnium of tuch renew~l; and ther~ thail b~ ~o fire w wi~dsrwm inwranc~ ~ pl~ad on aMr of sald bvildi~gs. ~ny interett thtrein a par! tMreof, unleu in tM form and with tM loss pay~bt~ ~s ~ta~said~ ~nd in tM ev~nt ~ny ium of mpNy becprrwa p~yabl~ u~~ky tuch pol{~y « pp~Ki~s Hid !y?pRTGAGEE shall Mw ths option ro reteive snd apply tM s~me on ~ccounl of tM indebted- ness s~tvred hs«by w b permit ~aid MORTGAGORS to roteive and us~ it Or any part thereof fa othe~ pu~poses, wiihout thareb~ waivi~~g or nnpair ing any pviry, I'an a r'ght unde~ w by virtw of thw mortya~eJ u~d in tMe ~vent iaid MORTGAGORS thatl fq aey reason fail to keep ths uid pr~mise~ so insvnd. w f+i1 w deliver promptly any ot said policies of imw~nce to said MORiGAGEE. a fail prompHy to p+y fully sny prsmium therefw o~ in a~y re:pac~ fail 1o paforeq, dischuge, execut~, effecl, compk% comply with and +bide by this cove~ant, w any paN he~eof, ssid MORTGAGEE may pl~ce ~~d p~y fa such iruuranc~ oi ~~y psrt thereof without w~ivirg or aftedinp u?y option, li~n, equity, w r~gM unda or by virtw of this Mort9aye. ~nd the full ~mo~M of each aed every such payment shaN be irm~ediately dw ~nd psyabls uid tl~a!! bear iateresl from ths date thereof until paid a1 the rate ol nine psr tantum per snnum and ttx~ethe~ with such iNerest shall be sacured by tM liea of this mortQ~e. S 1. To permit, commit or wffer oo w~sb. impairment u deteriwatiw? of s~id property a ~ny part thereof. S. To p~y all a~d sinyula the costs, cMr~es ~~d expense~, ir?cluding a reason~ble attan~y's fe~ snd coits of abstrscts of titla, incurred w psid at ~ any tims by said MORiGAGEE, bacauss w in the tvent of the failu~e ort ~he part of ~M said MORiGAGOR 1o duly, promptly snd fufly psrtorm, dixha~Q~ execute. ~ffect. complet~, comply with and ~b~d~ by e~ch and every tF?s stipubtions. agreeme~ts, conditions, sod covenann of said promiasory note and th~s mortgape ~Mr or eithar, and said costs, cMryes ~ed expenses, each snd every, ~Mlt b~ immedi~tety dve ~nd payable; whethe~ a rwt there bs notice do- mand, ~ttempt to cplk~t pr wit pe~ding; and the f~ll amo~nt of each and every s~ch paymem shall bes~ interest from the dale thereof v~til psid a1 the rate of nine per cantum pcY uuwm; a~d all said cost~, charyes and exper+ses incur~ed w paid, topelher with such i~tereit, shalt be sacured by the lien of thit motlya~. d~ ?1++1 (a) 1n fhs wsnt of any breach of fhis Mor~gsy~ or defauU on the part of the MORTGAGOR, w(b) in the event ~ny of said sums of money herein refer~ed ro be ~ot promp~ly snd fvlly paid within thirty (30) days next afta 1he same seveaally become due and payable, wifhout demand o? notice, or (cj in the event each ~nd every the stipulatio~s, agreemsnts, cortditiona and tovenanri of ssid promiuory note and th~s mort9spe any o~ either sre no1 iuly, promptly u~d fully perfwmed, discharged, execvted. effected, completed, complied with and abided by, then in either a any such eveM the ssid aQ~ gregate wm.mt~tioned in said p?omissory nate then remaining unpaid, with intcrest accru-d, and aN moneys secured hereby, shall become due and p+y- able iorthwith, or JAl~NNN~ at the oprion of said MORTGAGEE, as fully ~nd compk~ely ss ii all of the sa~d wms of money were aigin~lly st~putated te be paid on such day, anything io said promiuory rate w in thia Mortgage ~o the ca+trary notwilhstanding; and lhereupon ot thereafter at tF~e option of said MORTGAGEE, wirhouf norice or ckmarid, wit at law or in equily, therefore or tl?ere~fter begun, may be prosec~ted as if all moneys secured hereby had matured aqr to ib iMtitutia~. 7. Ths1 in ths event that at the beginnirg of or at any time pending any suit upon this Mwtgsge, a to foretlose it, or to reform it, or to enforu payment of any daims hereunder. said AAORTGAGEE shall apply to the Court having jwisdictio~ thereoi for 1Frc appointma?t of s Receiver, such Coun shall Forthwith appoint a reccive~ of said mortgaged propevty alt and singular, includ~ng all and singular the income, proiits, issues end revenves f~om whatever source derived, each and every of whi;h, it beinp expreuly underatood, is hereby mw~gaged as if specifiully ut forth and dewibed in the g.an?ir?g and habrndum clwses hsreof, and such Receivet shall have all the broad and eifective funct;ons and powers in anywiu e~trusled by a Court to a Reteiver, snd s~ch appointmem shall be made by such Cou~t as an ~dmitted equity and s m~lter of absolute right fo s~id MORTGAGEE, ~nd withouf reference to the edequacy w in~dequacy ~of the value of the properry mortgaqed o? to the wnre~cy or inwlvency oi t~id N10RTGAGOR a the defendants, and that s~ch renrs, profits, income, nsues ~nd revenues shall be ~pplied by such Receiver according to the lien or eqvity of s~id MORTGAGEE and ~he practice of such Court. 8. To d~y, prompf(y and fuRy perfo?m, discharge, execute, effect, mmplere, comply with and abide by each and every tbe stipulatiw~s, sgreemenb, conditioro and covensnts in said promissory note and tF.is mortgage set fwth. 9. Thst in tht event the ownenhip of the mortgaged premises, w any parf 1Fxreof, beco~nes vested in a perwn othe? than the MORTGAGQR, the MORTGAGEE, in succeuors and au;gns, msy, without notice fo the MORTGAOR, deal with such succezsor w successor in interes~ wi~h releience fo this mortgage and the debl hereby setured in the same manner as with Albrtgagor without in any ,way ritiating or discharging the Mortgagors' lisbility herr under w upon the debt hereby sscured. No ssle of the premises hereby.mortgaged snd no forbearance on the part of tFie MORTGAGEE or its succesaors or assgns and no extension of the time fa the psyment of the debt F?ereby secured given by the MORTGAGEE or its sutteuon or auigns. shall operate to release, d~scMrge, modify change a affett the uginal liability of the MORTGAGOR hercin, either in whole w in part. 10. It is specifically agreed that time is of the essence of this contract and thst no wsiver of any obl~gation herevnder or of the obligatwn se- cured hereby shati at any time thereafter be held to be a waiver of the termt hertof p of the instrumeM setured herby. 1 i. !n add~tion to the forego:ng rnwuhly paymenis of princ pal and interest required by the promiuory nple secured hereby, morfgagor covenants and agrees to pay to mortgagee w;th exh month~y payment an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of 1F?e follow- ing: A-All real property taYes levied w auessed agai~st the above described real estate. B-Premiums on fire and windstorm inwrance as Fxrein req~~red to be carried on the improvements situate on the above described premises. C-Premi~ms on suth mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby. JNortgsgee shall from time Io t~me notify mortgsgor in writing of the amount due and payable hereunder and such wm shafl therevpon be due and payabk on rbe due date of the ne:t nwnthly payment snd exh svccessive mwith thereafter until mortgsgee shalt nolify mortgagor of s change in such amount. Svch sums shaU be applied by mortgagee toward the payrrKnt of real property tsxes, insurance prem:ums, and morigage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has F?ereunto set his hand and seal the day and year fint afo?esa' ned. Seakd ed in the presence of: +ry an ; n } o i STATE OF FLORIDA ~ ~4 couNnr oF _ ~t . Lucie ~ i ~fa~ ~~~~y ,~a~~ Leonard W. Ni x a~ ` ,~O Ce N1X his wife, to me well known and known fo me to be ~ the individuals described in and who execWJO CE' 1V1X~~f~ument, and Kk~aw~edged bef°r° me that they executed the same for the pwpoaes ~ ~ fherein expressed. And the said y i .vife of the ~aid Leon ard W. N1X upon a sepuate and priv~ts j e:aminaYwn by rrM taken separate ud apaA from her said husbsnd, sckrqwkdged to and befwe me ihat- ihe executed uid instrument frQely and volurr ~ E rarily _and without any compulsan, constraint, ~pprehension.~ fesr of w from her said hvsband. - F ; WITNESS my hand and oNici~l sesl this dsy of Ma A. D. 19 73 ~ ~ ~ , ~ FILEB REC4Fl0ED Notary Pu ic In and for State of {orida at luge ~ ~ Return to: sT ~oGER P jtTRA uRT ( My Commission expires; t ~ First Federal Savi~gi d~ Loan Aswciation CtERK Ct:'.CUIj CO ~ - V ~ ~ Of Fo~t P~erce. pECOP~1 HEP•~flfD ~ 2~48~9 ! Fort Pierte, Florida - A ~~y ~~1 N~ ~ " J . ~ i;L~T?.RY FUbUC.::TAtE ot fLORIDA at 1ARGE`~,~Illlllf/l/~~~~~ fh'f CQMNlISS{Ott EXPIRES IAN. 7, 1 U~~ ' c /i~~ This Instrument Prepared By Richard K. Kayes ~0ndc0 Br ~N°`~ ; First Federal Savings b Loan Associafion ` • ~Q-~, • 1 • ' , ,y ~ ~ of Fort Pierce ~ F] orida G~: f'- ~ Checked By ~ . ~ ~v ~ ~ € J~''.., Q~. :G~" ~ ~ U a " - ~ '~ti~.;,'- ~ 214 PACf 995 ~ , , t J. - _ - - - - T: ~ - . ~ ~~~~~~v~~~~ :~r ~