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Home My WebLink About1207 To plac~ ~nd coroin„w,sty keep a+ ihe building~ now "a hsreaftN si~u~t~ on said lar?d and on ali equipmenl ~nd person~lly tov~r~d by ihif mort¢ p~. wilh d) premiums therton pa~d in full, iire insurance in 1he usvat :tardud polity fwe+, 1n a sum approvtd by tM MORTGAGEE, and winds~am ~niw+nc~ in IM viu~l ~~~ndard pol~cy (wm, in a sum approved by ~h~ MORTGAGEE. tn svch company w compa~ia a~M MORTGAGEE m~y dinc?s and NI fF~~ aod winditorm ins~ranc~ policies on a~y of taid build~n~s, any int~r~ft tMr~in o~ p~n therwf, in rh~ ayq+e~a~~ aum afa~~aid w in ~xc~ss therwf, iMA conrain eM uswl s~anda,d mor~psge~ clw~ « such o~her clauu ~s ~M Matya~ e+ay requin, m~kinp ~M iou unde~ sa~d po1F ci~s. ~ach ~d ~v~ry. paYabl~ to ssid N?ORTGAGEE a~ in intQ~e~t maY app~ar. ~nd each and ~w~y tuth policy sh~ll be promp~ly ~s~.yned and detivered ro any h~ld by sald MORTGAGEE as further securiry ~o s~id mo?tyag~ debt, and, not less ~hsn 1M (101 days in adv~nc~ of ths expi~alion of e+ch policy, ~o dr liw? to sa~d MORTGAGEE a renewal therwf, topeihK wi~h ~ raceipt fw tM premiwn of a?ch renewal; and ther~ thall b~ no fire o~ winde~orm iniur~~c~ plsad a+ ~ny of said buildinys. ~ny in~erea tl+K~i~ a part thsrwf, unteu in tM fwm and with tM lou payabte as afa~said: and in ~he eYenl a~y ium of ~rwrwy becomos p~yable unda iucF? polity w polKies ~aid MORTGAGEE ahall Mw tM optan to receive and spply tM s+me o~ accoun~ of the indebted- nass secured F~sreby o~ to permit said MORTGAGORS to roteiv~ and uN if o~ any parl thereof (w other purposcs, wilhout Ihereu/ waivi~g or unpair- inp ~ny eq~ity, IiM or right unda or by virtw of tAi: mo:eflays; and '?n 1M evenl ~aid MORTGAGORS shall fa any reaton Tsil to keep ths said premises so insured, o~ fail b deliver p~omptly ~ny of ssid policies of iniurance to s+id MORTGAGEE, a fail promptly to pay fu11y any premium therefor or in a~y reipact fail b perfwm, discharge, execute, eifect, complete, comply with ~~d abid~_ by this covenant, w any pa~t hs?eof, said MORTGAGEE may plsce •nd paY fa such t~aurancs w any part thereof wi~hout waivinp w sttactinp aey option, lien, eq~ity, a rigM under « by virtw of ~his M«tgage. snd the full ~mou~t of each ~nd every such paymenl shall be inwr~ediately dus and psyabk ~nd shall be~r i~terest from th~ date thereo( until paid at the rate of nins per centum pe~ annum and to~ether with suth intdast shtll be secured by iM lien of thif mortyye. 1. To pamit, commit p suffer no waate, impairment w detera~ation of said property a ~ny part thereof. 5. To pay ali and sin~vlu the coats, charges and expenses, including a ~easonable attor~ey's fee snd cosls of abstracts of title, incurred w psid at any time by said MORTGAGfE, becauss or in tha event of the iu~lure o~ the part of the iaid MORTGAGOR to duty, promptty and fvlly pe~fpm, d~uhargs, executs, effecL camplete. comply, w+th and ab~da by sach snd every the stipula~ions, ~greements, conditions, and covenanrs of said promissory note a~d thi~ mortga9e any w either. a~d said costs. chsrges ~nd expenses. each and every. shall be knmediately due and payab:r, whe~he?- w not there be no+ice de~ ma~d, ~ttempr to collecl or svit pend~ng; a~d ths (~It amount of each and every such payment shall bear interest from the date thereof until paid at the rate oi nine per centum per annum; and all said costs, charges snd expenses inc~rred p paid, togethe~ with tuth interest, shall be sec~red by the lien of this mortgage. 6. That (a) in the event of any b~each of this Nbrtgsgt or default on the part of the MORTGAGOR, or (b) in rhe event any of sa~d s~ms of money herein referred ro be not promptly snd f~tly psid within thirty (30) days ~ext afte~ the same severally become d~e and payable, without dcmand w notice. or (c~ in the event each ~od every the stiputations, sgreements, tonditions and covenants of said promissory note and this mwtgage any or either a~e not ~uly, prompNy and fully performed, d~uF?s~ged, exxuted, eifected, completed, complrcd with ~nd abided Sy, then in either w any such evem the said ag gregate sum mentioned in ssid promissory note then remaining unpaid, with interest acuued, .nd all mo~?eys secured hereby, shall become dvo ar?d pay~ able fwthwith, w thereafter, at the option of said MORTGAGfE, as fufly and completely as ii all of the said sums of money were o?iginalty s~~pulated to ba paid on such day, anything i~ sntd~ p~om~uory note or in tF~is Morlgage to Ihe contrary notwithstsnd~ng; and thereupoe a thereafte~ at the op~ion of said MORTGAGEE, without notica or demand, suit at law w in equity, therefwe or thereaher begun; may be prosecuted u if al! mo~eyt secu~ed hereby had matured prior to +ts institWion. 7. That in the event that at the 6eginning of or at any time pending any suit upon this N4ortgsge, w to foreclose it, w to reform it, or to enfores payment of any claims hereunder, asid MORTGAGEE shall apply to the Court having jurisd~ction t6ereof.fQ[ ~he appointment of a Receiver, such Gourt shall fwthwith appoint a receiver of said mortgaged p~ope?ty all and singutsr, intlud~ng all and singular the irtCOme, profits, iuues and ~evenves from whatever source dtrived, each snd evety of which, it being expressly underatood, is hereby mortgaged as if speciiitally set foith ~nd desuibed in the granting ar+d habendum clwses hereof, a~d such Receiver shall have all the broad and effeaive fv~cnons and powen in anywiu er~trusted by a Court fo a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute rgM-~ta said MORTGAGEE, and withoul reference to the adequscy or insdequacy of the value of the p?operty mortgaged or to the wwency w insolvency ot sah! MORTGAGOR w the defenda~n, and that such renrs, profits, income, iuexs ar~d revenuet shall be applied by sucF~ Receiver accordi~g to the lien w equity of iaid MORTGAGEE and the practice of such Courf. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, ag~eemenri, conditions and covenanrs in u~d promissory note and this mortgage set forth. 9. That in tF+e event the ownership of the mortgaged prtmixs, or any part thereof, betomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors snd assigns, may, without no~ice to the MORTGAOR, deal with such succeuor o~ successor in interest witf? reference to this mortgage and tIx debt hereby secured in the same manner as with 1Nortgagor without in any way vitiating a dischargir?g the Mortgagors' li3bility FKrr undcv or vpon the debt hereby secured. No sale of the premises hereby mwtgaged and no fwbearante on the part of the MORTGAGEE or its successon or assigns and no extcnsion of fhe time fw the payrtunt of the debt hereby secured given by the.MORTGAGfE or its successors or assiqru, shall operate to releax, dixhaige, mod;fy change or effect the wginal liability of fhe MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the esxnce of this contrad and that no waiver of any obligation hercunde? w of the obligat'an se- cured hereby shalt at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the forego:ng monthly paymants of princ"pal and interest required by the promissory nole secured hereby, mortgagor corenants and agrees to pay to mortgagee with each monthiy payment an addirional sum est~mated by mortgagee to be equal to 1/12 of the a~n~ual tost of the follow- ;ng: A-All real property taxes leiied w assessed against the above described real esrate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvemenis situate on the above destribed premises. C-Premiums on such mwtgage gvaranty insurance as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mlortgagee shatl from time to tirt~e notify mortgago~ in writing of the amount due and payable hereunder and such sum shall thereupon be due snd ~ayable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such amounl. Such sums sF.atl be applied by mortgagee toward the payment of real property taxes, insurance p~em:ums, and mortgage guaranfy iesurance p~emiums. IN WITNESS WHEREOf, the said N10RTGAGOR has hereunto set his hand and seal the day and ear first aforessid. ' ned. Sealed and delive in tbe presence of: ~ CSea~ ~ PPtO Racotn (SeaQ ~ ' L3 r~-~ C' ~~?,~.--ts~4 Mary B. acon cs~.n ~ STATE OF FLORIDA - ' ' ~ courrnr oF St . Luc ie # u- I ~ Before me perwnalty appeared Pete B~COII s~d t MaYj/ B. BaC~t1 his wite, to me well known and known to me to be ~ the ind~vidusls described in and who executed the fwegang in:trument, and acknowledged before me that they executed the same for the purposes 1 € therein expressed. And the said MaZY B. BaCOA E wife of the said Pete Baeon e separate and privatt ~ examinat+on by me taken separate artd apart from he~ said husba~, acknowledged to and befwe me that ahe executed said iiuhurn~nt vo1vM u ; rari{y and withoul any, computsion, constraint, appre io Qr. f~ of or f y~nd. e~ R ~~l,~~! I t~.~- ' WITNES$ my hand and official seal thi day p , 4 '~9~. Ct'~/7CJ d . • t~- : ' ' Notary Public in snd fw the Stafp frjpdda : = j My Commiuion expird: ~ N S 0 g^ ; Return To: ~y : r = ' ~ ` G ; first F ~'~~•UC,STAT ti ~ ~ s edersl Savings 3 Loan Association . E c~ ~oa?n~t~q~E „ ; Of fort P~erce. 2S~O~~ gi,F ' . . , EXFIP.E )A a ? C ~ ` ~ ,o~ ,,,r :erican Bar,~ers : ^ • • • • 'V ` ` ! Fort Pierce, Florida , p/ s+ ~ ~ f- 1' 7 7 < riiu~~btti:~i~`~- ~ - - ~ . R . € This I~strument Prepared By Gary F. Ellwood Fi~Efl ~pn R~~~~pfa ~ First Federal Savings 8 loan Association ST. L!?CiE COUNtY ftA. } of Fort Pierce Florida R'~~~ ~~~~~TRAS ; ' CIERK ;;~~1 COUR~ ~ ~ °FSO~~. Vs:'~-!fD ~ Checked By ~ RK2~4 eaCE~~OV ~ N~ur 11 l0 22 AN 13 eoo F 4 ~ sb ~ 'r - ~ : _ ~ ' : : ~ } . ,4;~ _ - . ~ ~ s . _ a„~- ~ _