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Home My WebLink About1622 • . ~ '1. To plac~ and coroinuously keep o~ the b~i!dings ~ow or Mrei(t~r situ~» on ~aid land ~nd on all cqulpmenl and perionally tove~ed by thi~ mortg~ •p~, with •11 premivms thercon pa~d in fuil, fire insurance ~n ihs usual •iand~rd policy form, in • sum spproved by tM MORTGAGEE. +nd wind~twm insuranc~ in tM vawl sundard pol~cy fam, in a ~um ~pp~oved by tM MORiGAGEE, in iuch tompa~y w companie~ ~i 1M MORTGAGEE may direct~ ~nd all fire and wind~torm iniu~aRCe po~~cies a+ anY o( ~~d twild~nqs, any in~~rest therei~ or parl tl?ereof, in ~M sgy~egs~~ wm ~faesaid o? In exccu Ihereo/, shall contain 1M usual ~f~ndard ma~psge~ cl+us~ w such otha ciausi ~i the Mwtg+ges may rsquir~, makir+p ~he loss u~ za~d pol~ ciss, each and every, payabt~ W said MORTGAGEE ~s its intereil may appear, and each and evary s~rch policy shall b~ promptly ~~s.gned and delivered to eny held by s+id MORfGAGEE as iwther iecurity to said mor~y+ge debt, and, not Isss th~n te~ (10) days in adva~ce of ~he eap~r~tion of e~ch poticy, to d~- liver ta ~aid MORTGAGEE + raxwal thereof, topether with • reteipl fw ths p~tmium of ~uth renew+l: snd Ihe.e ~hall be no fae or windsto~m insurance pl~ced on ~ny of iaid buildinps, any inte~tsl tiarei~ or p+r1 therwf, unleu in the form and with Ih~ Ioss p+Yable as aforeiaid; and in tht er~nt any tum of mo~ey becomes payable under such policy or policies taid MORTGAGEE shall Mve ths option ~o receive and appty the s+rs~e o~ account o( ~M indebtcd~ neu secv~ed hersby w ro permil said MORTGAGORS to rts~ive ~~d us~ it ot any part thereoi Iw other purposes, withcut thr.eb~ warv~~~9 or unpair- i~y any eqvity, li~n w r'~ght under a by virtue of this morty~gr, and in tl» event said MORTGAGORS shall fu any roason t~il to keep the said premisea so insvrod, o~ fail ro dafiver promptly any of said policies of insurarrce to seid MORTGAGEE, or fail promptly to pay fvlly any pramium therefor w in ~ny reapecr (all to perFwm, discharge, ~xecute, efixf, comp~ste, comply wirh and abid~ by thi~ rnvenant, a any part hereof, said MORTGAGEE may pl~ce and paY fw such Insurance or any part ~Mreof without waiviny or ~fiedinp ~ny optan. lien, eqvity, or right vnda w by virtw of this Mu~qsye. •nd thc full amount of e~ch and every such payment sh~ll be inun~dis~ely dw and payabla and shall b~ar interest fran ~hs date thereof until p.id ths rate of nine per tentum pe~ a~num and together with suth inlerest shali be secu~ed by the 1'~en of this mwt9pe. To permit, commit or suffer no wasts, impairrtxM w deter'wration of said property or +~y parl thereof. S. To pay ~II and singvl~r the costs, charges and expenses, i~clvding s reaso~able anuney's fee and costs of abttracts oi title, incurred w paid at eny ti~:e by said MORTGAGEE, bccavse a in ths evec~t of the failure on the part of the ssid MORiGAGOR to dvly, promptly ard fully pe~fwm, d~uharge. sxecuts, etfect, complete, comply w~~h snd ~b~de by each and every the stip~rtat~ons, agreements, conditio~s. u+d aov~n+nn of said promissory note and thii mortyaye any or ~ither. and w~d coats, charpes and ~apenxs. each end every. ahall be immediately due and payable: whether w not tFxre be notice da mand, ~ttempt to mlktf or wit pending; and the f~ll art~ount of tach ~nd e~ery such payment slwll bea~ i~terest from the date thereof until paid +t the rafe oi nioe per centum per annum; and ail said costs, charyes and expenses incwred w paid, together w~?h svch interest, :hatl be secured by the lien of this mortgage. 6. That (a) i~ tM erent of a~y b~esch of thSs Mwtgage w defaull on ths part of the MORTGAGOR, w(b) i~ the event any of ssid sums ot money hetein r~&rred to be not prompNy and ~ully paid within thirty (30) dayi ~ext afte~ the sarne severally betome due ~nd payable. without dcmand or notice, or (c) in the event each snd every the :tipulations, agreements, conditions and covenants of sa~d p?omissory no~e snd th~s mortgage a~y w either are nof ~uly, promptly ae?d fully performed, d~xharged, executed, effected, completed, complied wilh and abided by, then in either or ~ny such event tM said ag gregate wm mentaned in said promiuory note tFxn remaininp unpaid, with interest scuued, and all moneys secured hereby, shall become due and pay- abte forlhwith, w thereafier, af the opt~on of said MORTGAGEE, as fully and completely as if all of the said suma of .money were w~ginalfy st~pulated to be paid on suth day, anything in said promissory note or in this Mortgsqe to the conl?ary notwithstanding; and thereupon w thereafta at the option of said MORTGAGEE, without ~otice o~ demand, auit at law w in equiry, thereiwe w thereafter begun, may be proxcuted as if all moneyi secured hereby nad matured pnor fo As institution. 7. That in the event that ~t rhe beginni~g of or at any time pending ~ny suit upo~ this Matgage, or to foreclose it, or to refwm it, w to enforce payrn~nt of sny claims hereunder, said MORTGAGEE shall apply to the Court having jur~sd~ction thereof tor the appo~ntment of a Receiver, such Court shall forthwith eppoint a reteiver of said morlgaged property all and singvlar, includmg all and singu~ar the income, prof~ts, iuues and revenues from whatever source derived, exh and evcry of wnich, it being expresaly unden~ood, is heaeby mortgaged as ~f spcufically set forth and described in the g~anting and habendum clauses hereof, and such Receivar shall have all the b~oad and effective funct~o~s and powers in anywise e~trusted by a Court to a Receiver, and s~ch appointment shal! be made by svch Cou~t at an sdmitted equiry snd a mafter oi absolute right to said MORTGAGEE, and without re~erence to the adeqvaq o? inadequacy of the vslue of the property mor~gaged w to the sowency or insolvency ot said MORTGAGOR w the defendants, and that such renrs, profits, income, iuues ~nd revenues shall be applied by such Receiver accord~ng to the 1'~ or equity of ssid MORTGAGEE and the practice of auch Court. ' 8. To duly, promptly ~nd fvlly pertorm, d~scharge, execute, effect, complete, comply with a~d abide by each and every the stipulations, agreements, condifans and covenan~s in said promissory note and this mwtgage set forth. 9. That in the event the ownenhip of the mutqaged prem~ses, o~ any part thereof, becomes vested in a person other than the MORTGAGOR, tfie MORTGAGEE, ifs aucceuors and assigns, may, without notice to the MORTGtiOR, deal with such successo~ a successor in interest wi~h refere~ce to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or d+scharging the Mw_tgagors' liabitity herr under w upon the debt hereby secured. No sale of fhe premises hereby mortgaged and no fwbearance on the pa?t of the MORIGAGEE-o'~ its succeuors or assigns and no extension ot the time fa the payment of the debt hereby secured given by the N10RTGAGEE or its successors w auigns, shall operate ro releax, diuharge, modify change w affect the aiginal liabiGry of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed tha~ time is of tlx essence of this contract and that no waiver oi any obligation hereunder w of th~ obliyation se- cured hereby shsll at any time thereafter be held to be a waiver of the terms hereot w of the instrument secured herby. 11. In add~tio~ to the forego:ng mpnthly payments of prin~ pal and inte~est required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee w+th each mo~thly payment an add~rional sum estlmated by matgagee to be equal to 1 f12 of the annual cost of the follow- in~: A-All real prope~ty 1a:es (evied or assessed agai~st the above described real estate. B-Premiums on fire and w:ndstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiums o~ such mortgage gwranty insura~.ce~as mortgagee shall from t~me to time deem fit to carry on the (oan setured hereby. Morlgagee stiall from time to time notify mortgagor in writ~ng of the amount due and payable hereunder ared such sum shall thereupon be due and Fayable on the due date of th~ ~ext month!y payment and each successive mo~th thereaiter ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance ~f c~emiums. f IN YIITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and y f' aforesa' ~ ~ Signed, Sealed and delivered in the presence of: ~ i i ' < Sea4 ~ ~ G en . Power ,q ; - • ~ • n ~ Bea r ce C. Power_ «~n ~ STATE OF FLORIDA ~ ~ St. Lucie u' COUNTY OF Before me perwnally appeared Glen w• Pow~er e~ Beatriee C• PA~@Z his wife, to me well known and krwwn to me to be the individuals described in and who eaecuted the foregoing instrumeM, and acknowfedged before me that they executed the same for tF?e purposes therein expressed. And the iai' Be~?triee PdR@Z ~ Glen W. ~ w~Fe of the said P~eY - upon a ~wte ~ examination by me taken stparate and apart fra~n F~er said husbsnd, sck?wwledged to and befwe me that she exetuted said instrumpt~~y~~~~ rarily a~d without •ny compulsion, constraint, apprehension, a f~ar of or from her said husband. Q, ~ WITNESS my hand and of(icial seal thi: 19th day .J~1@ ? A. D~ 1~'• ~ . - - - ~ a i f LED AMO RECQ RQ ` r= . r^• ~C~'Yr)O~ ~~.`~C1E C~~IY Fu. Notary Public in and for the State o~ id~ ~ rg~ % ~ ~ J (If~~ ROCEP, POITR~ My Commisiwn expires: , J ~ v ' ~ _ ~ ~ Fint Federal ~Retusn 3oloan Association ~~RK C1'tCUlt COUIlT ~ u' • eV~ . t ~ "9 IIECOR~ YERtFt[0~.~......~ ' r Of fo:t P~erce. ~Y~T~l4Y ('t)F;f~, ST~TE cf FLORIDA st lpR(~((~ SrjT~~~~••• ; M' Fort Pierce. Fbrida ?'j • f7~Fl~i_ r,' ~r; Lrc ~n ~ PM ~ 1 J7 - - • - FS IAN. 7. 1977 , ~~l~! i~C7i~. G~ .•r~~n No~~~ ~ i ~Y ~ ~ . Lv - - nauiiip.C ~ ~ ~w'ffrrr j v~ I/L ` ~ n.-: ~ ' _ This lnstrument Prepared ByGary F. Bllwood ~ First Federal Savings 8 Loan Association of Fort Pierce ~ FloZida r ~ / Checked By~y~ ' sb ~ ~ 9 R ; U-:y ~~~i9 ~ s::_. ~ ~ _ - ~ s . . --ls r~: ~ ~"Fa=_.~_. _ ~ r . _ _ : ~ u . ~