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Home My WebLink About2172 To pl~ and contirwovily ks~p on th~ buildiops now a h~r~~(tK utwt~ on said land and on all puipnsnt ~nd pKSOnatly covaed by this mort9- ' p~, with all pnmiums therwn pa~d in full, fire inswanc~ in ~I» uiwl ~tanlard policy form. io • sum approv~d by tM MORiGAGEE. and wir+dst«m inwtant~ in tM viual ~tu~dard pol~cy fam, i~ • wm ~pproved by tM MORTGACsEE, in wch tompanY w ton+P+~~y +s tl+~ MORTGAGEE m+y ~ d'u~dt and ~U fk~ u~d windstonn inswa+~o~ policws on any of said bvild~+ys, ~ny t~Mr~st thereie w prn thtnof, in tM +ygreyat~ wm afor~iaid or ~ to In ucc~ss therwf, shall contain ~la uiwl s~andud mor~g+pN clau~ or :uch o~Fwr clavs~ u ths Mat9~t~ may rpu'u~. m+kinp tM lost u~ ~+d poiF r ctes, tach a~d ~vKy. p+Yabb ro iaid MORTGAGEE at its interes~ may app~ar. ~nd each and ~vay s~ch policy ~hall b~ promptly ass.yned +nd delivKed fo ~ any h~ld by s~id MORTGAGEE as furtMr ~ecurity ~o s~id mwt9+y~ debt, and. not I~ss ~Mn hn l10) days in adwnc~ of the expi~~tion of e+ch potky. to dr liv~? to said MORTGAGEE • nnewai tht~eof, to~thK with a raceipt for tM p~~mium of avth rerNwalp and ther~ thsll be oo fir~ or wind~tam inwranc~ plao~d on ~ny of uid buildinps, ~ny in~erest tMre7n o~ p+rt tFwreof. ~nleu in tl+~ fwm and with tM los~ paYabl~ u aforesaidj ~nd in th~ ~wnt ~ny sum of many bacanes p+yable undsr such policY a policies said MORTGAGEE shall haw tM option ro receive ~nd spply the s+ma o~ ~ccouM oi tM indebted- neu iecu~ed hKeby w ro permit uid MORTGAGORS to raceiv~ ~nd us~ U or any put thereof .for other purposes. wi~hout thereb~ waivi~v~ o~ ~mpair- } inp any puity, lien or right undar w by virtw of tAis mortya~e; and in tM ~vsnt Nid MORTGAGORS sh+ll fa sny reaso~ fail to keep the s+id premises w inswed. or fall w delive~ promptly any of said policies of irawana to s+id MORTGA6EE. a fail promptly to paY fully •ny p~emium thereiw w in ~nY respect fail ro periwm, d~sch~rg~, exscvte, effecl, complete, comply with and abid~ by this cove~+nt, a ae+y part he~eof, said MORTGAGEE may p~xe ~nd pay for ~uch Iraurance a~ny put ~haeof without w~iv'uy or affectinp ~~y optan. Ikn. p~ity, a~ight ~nder w by virtw of this Mon9+ye. and thc j full amwM of each and every :uch p+yment sh~tl be immediately dw +~d p+Yabb and sh~ll bear intere~t from tM date thereot uroil paid at !hs rate oi nin~ per centum per annum and togethe? with svch interest shall be sec~~ed by tM lien of this mortp+pe. 1. To pKmit, aornmit or auffer no wute, imp+irment or deterioration of qid property or any part thereof. S. To pay all and ti~pulu ths costs. ch+rges +nd exPe^ses• ir~lud"'D a rcason~ble anwney's fes snd oosts of abstracts of title, incvrred w psid at any time by said MORTGAGEE, bacauae a in tl+~ ~vent of the failure on tM part of the said MORTGAGOR to d~ly, promptly and iullY perform, discharyR execute. effM, oompkte, complY with and ab~de by each and every tAe stipvlations. agreerrKnts, conditions, ar+d mvena~ts of said promissory r+ote snd this malyape eny~q ei~her. and ~id cosn. cMrges ~+d expe~ses. each and wery, shall be irtw+~listely dw ~nd payable: whether w not thae be notice da mand, anempt ro colkcf or wit pendingj and tM full smou~t of each and every such payment shall bea interesf from the date thereof w+til paid ~f the rate of nine per centum per snnum; and all said cost~, chupes and expenses inturred w paid, toge~her with such interest, shall be aetured by the lien of thi~ monya~e. 6. That (a) in the eve~t of eny breach of this Mortpape or default on the part of the MORTGAGOR, or (b) in the eve+~t any of sald sums of monsy , herein referred to be not promptly and fully paid within thirty (30) days next afte~ the san+e severatly become due and payabk, withoul demand or notice. w(~ in the event e+ch and every the stipulations„ agreements, tonditions and coven~nts of sa~d promissory nota and th~s mortyaye any o~ either ~re not iuly, promptly and fully performed, discF?~rged, executed, eifeded, canp~eted, complied with and ~bided by, then in either ot any such weM ths said aQ~ gregate wm menYwned in said promissory note then remaining unpaid, with interest scuued. ~nd all moneys setured hereby, shall betoma dw and pay- able forthwith, a thereafter, at_fhe optan of said MORTGAGEE, as fvlly s~d cornpletely as if sIl of the sa~d sums of money were oriyinally stipvlsted to be paid on suth day, anything in said (xomiuory note a in thia Mortgage to the contrary notwithstanding; and thereupon w thcreafter at ths option of said 1NORTGAGEE, without notice or demand, wit at law w in equiy, tlxrefwe o? the*eafter bsyvn, may be prosecuted u if ail moneys secured hereby had matured ptwr to its institution. 7. That in the event that at the beginn~ng of or at any time pe~ding sny wit ~pon this Mortgage, or ro fweclose it, w to roform N, or to enforu payment of any daims hereunder, said MORTGAGEE shall apply to the Court having ryrisdiction.thereof for tM appoi~tment of a Receiver, svch Cour1 shall fwthwith spPoinf a receiver of said mwtgaged property all and singular, intl~rdmg all and singvlar ~hR 3n~ome, profits, issuea and revenues from whatever source derived, each ~nd every of whicA, it being expreuty understood, is hereby mortgaged u if s~ecific~lfy se1 forth and described in the praming a~d habendiim dauses hereof, snd such Receiver shsll have all the broad ar?d effenlve funct~,and powen in ~nywise entrusted by a Co~rt to a Receiver, a~d such appointment sha11 be made by such Court as sn admitted equity snd s rroner of absdlute`'Yipht to said MORTGAGEE, ~nd without reference to the adequacy w inadequacy of the value of the property mortgayed or to the wlventy w insolver~l~Cy'tot~saia`1NOR~GAGOR p the defendann, ~nd that such renti, profits, incane, iuues and revenues sF~aU be applied by such Receiver accwd~ng ro the..Ken ot equny of said MORTGAGEE aod the practice of such _ CovA. • ' t{ 8. To duty, promptly and fully perform, discharge, execute, eifect, eomplete, comply wilh and abide by each and every the stipulafions, agreements, i c~tans and covenants in said promissory note snd this mortgage aet forth. # 9. Th~t in the event the owne?ship of the mwtgsyed pren+ises, w any part thereof, becanes vested in a person other than the MORTGAGOR, the MORTGAGEE, its s~ccessors and assigns, msy, withovt notice to the MORTGAOR, deat with such successor a successw in interest wi~h reference to thia mortgage and the debt hereby setured in the same mar.oer as with Mwtgsgor without in any way vitiatirg w discMrgi~g the Mo?tgagors' liability hero- under a upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbesra~ce on the part of the ARORTGAGEE or iri suaessors or auigm and no exte~sion of the time fw the paymem of the debt hereby secured given by the MORTGAGEE or its succeuors ot auignt, shall operate to release, dixharge, modify change w affect the wiginal liability of the lNORTGAGOR herein, either in whole u in put. 10. h is specificslly agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of fhe obligatan st cured hereby shall at any time thereafter be held to be a waive? of the terrt?s hereof w of the instrument secured herby. 11. In add~tiw~ to the fwego:ng monthly paymems of prin~ pal and interest required by the promiuory rwte secured hrreby, mortgagw covenants and sgrees to pay to mortgagee with each monthly paynxnt an add~rional sum es~~mated by mortgagee to be equal to 1/12 of the annuat cost of the follow- in4~ i A-All real properfy taxes levied or assessed against the above described real estate. _ ~ B-Premiums o~ fire and windstorm insurar.ce as herein ~equ:red to be carried on the improveme~ts :ituate on the above desvibed premises. ~ C-Premiums on such mwtgage guaranty insurancQ as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shall from time to time notify mwtgagor in writing of the amouM due and payable hereunder and s sum shall thereupon be d~e and payable on tF~e due date of the next monthly payment and each successive mw~th thereafter ur.ttl mortgagee shall if rtgagor of a change in svch V amount. $uch sums shall be applied by mortgagee toward the payment of real property taxes, insunnce prem" s, _ gage guaranty inwrante I premiums. - - IN WITNE55 WHEREOF, ~the uid MORTGAGOR has hereunto set his hand snd seal tlx day r for ! _ Sipned. Seafed and delivered ' the presence of: ~ ~ • • ~ ~ ~ n ~ ~ S7ATE OF FLORIDA ~ SS. COUNTY OF ~g Beiwe me persooally sppeared Frank H. K~I1Q and _ his wife, to me well known and known to me to b~ rhe individwls de:cribed in and who executed t fwegoinp instrvment, and eclcnowkdged before me that they executed the same for the qxposes Iherein expresxd. And ihe saia Dorothy E~ ~~Yl(; wife of the said Frank H. King _ • separate snd p?{+rats examinaYan by me taken separate and apsA from her said husband, ed b and befwe me that she executed ssid irutrument freelr and- wlurf tarily ared without any compuls"ron, constraint, sppreF~ension, w feu or from said h~iba~d. `.~~i~Ht ; , ~ WITNESS my h+nd and officisl seal th' day of r; R.,, ~ 1•~ ~y ~~t ~ ' ' otary Pvblic in and for the State `o~ !{oti~ at ~r ~ - My Commiuion ezpires: _ ~ o ~ _ _ _ ~t~ Retum To: ' = 4 % C ~ . iC~ - ` _ - I - First federal Savings b loan Association ~ v' : ~ ' „ - , : _ Af Fnrt PiPffP. . % ~i r . I ! Fort Pierce. Florida T E ~t ^Pfi~i~ UIRG~,' - . - ~ ' ~ - _ - - . . . ~ . '~5 1l~jdt~~!i~~~.air,: ~ • ;;,r~ t~~~rr~•j<~„u~, , . / . - , ~ > ` This Instrument Prepared By Gary F. E11~1oOd FILEO AN:; RECOROEO ~ First Federal Savings b loan Association ST. LUCIE C011MtY F~,A, - of Fort Pierce , Florida ROCLF i-"utTRAS p~ CLERK C1 ;CUIT COURT ~ ~ REGOP,~ VF(::F~ED.,,~„~O Checked By . M~r 31 9 Zs AH '73 ~ ~~214 ~b ! - 255595 . - - - - - - - ,s,~~ ~ ,Y , - .c~- ~ N~:~~: ,,~~.=x~.~~~ - ~ ' _ ~ ~ ,~,~`~x'-~"'s ; ,