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Home My WebLink About2048 To plac~ and contin~ou~ly keep on ths bui!d~ngs now w hereafter ~ituate on said la~d and ort alt equipment and personally covered by this mor~¢ sg~, with all p~emivmi therew~ pa~d in fuil, fire insurance in the usual stardard policy form, in a sum approved by the MORiGAGEE, and w~nd~~orm ~~suranct in the u~ual standard pul;cy form, in a aum spproved by the I~RTGAGEE, in such company w companies ~s the MORTGAvfE may direttj and a11 iirs and windstorm in~urancs pol~uei on any of said build~nys, ~ny interest therein o? parf ~hereof, i~ Ih~ ~99re8ate sum alorefaid w I~ ~xcei~ Ihaeof, ihsQ contain the usual ~tandard mor~ga9e~ ciause or suth o~he~ clauis •s the Mwtyage~ mey requh~, makiry the loas under smd polF ues, each •nd every, payable to uid MORTGAGEE as ~~s inte~est rr?ay appear, a~d each and evc~y sucA poticy shall be promp~ly ass gned snd delive~ed to any held by ssid MORiGAGEE ai (urtF~er security ~o said mortgsge debt, and, no1 leu ~Mn ten (10) dsys i~ advar.ce oi the expiratio~ of each pol~cy, to dr liver to taid MORTGAGEE a renewal thereof, topetMt with • reteipt fw the p~emium of ~uth re~ewal; and there shali bs no fire o. windstwm insurance plsted p? any of said buildings, ~ny ;ntsreit therein w p~r1 ther~of, unless in 1M form and witA tM lou payable as afcxesaid; and in the evtn? •ny sum 01 n+a+ey becomea payable under su:h policy w pol~cies said MORTGAGEE shatl Mve ths opt~on to receive s~~d apply tAe same on accoum of the irtdebted- neu secured hereby w to permit uid MORTGAGORS f0 ?Ktive ar+~ use 1r a dny parl Ihereo) for otiier pwposes, welhoul th_riu~ waivin~ ur ~~npsir- ~~g any equiy, lien w rigF.t ur+der or by virtue of this mort9sge; snd in tM evenl tia~d MORTGAGORS shall (w any reawn fail to keep ~he said premitas w insured, or fail ro deliver promptly any of said policies oi insurance to sa~d MORiGAGEE, w fait promptty ro pay fulty any pre~nium fherefor p in any respect fiil to perfart~, d~xharge, exetute, effed, complete, comply with and abide by this cove~+ant, or any part fiereof, said MGRTGAGEE may piace and pay fa svch iniurance a any part lhereof w~thout waiviny w affoctir?p soy op~ion. lien, eqvity, o~ right u~der a by v~rtua of ~his Mw~gaye. ~nd the full amount of each and every such paymenf shal! be ~n+mediately due and payabfe and shall bear in~eres~ irom the date thereof un~il pa~d at the ~are of nine per centum per annum and together with such interest shalt be secured by Ihe lien of this mortgspe. 1. To permi~, commit or suffer no wasts, impairment o? dete?ioration of ~aid prope~ry w any parl thereof. S. To pay all end singular the costi, charges and expenses, including s reawnabk attwney i fee and cos~t of abstracts ot title, incurred or pa~d at e~y time by said MORTGAGfE, beca~se or in the event of 1he failure on the pa?t of tF+e said MORTGAGOR Io du!y, promptly and fully perlorm, d~scharge, exe~ute, effetl, comptete, comply w+th and abide by each ~nd every the stipulalions, agreements. cond~t~ons, and covenants of said prpni~sory ~ote and ~hi~ mortgage iny o~ either, and u~d costs, charges and expenses, each and evny, :hall be immediately due and payab7e; wbether or rrot there be ~o~~ce d~ mand, anempt to co~lect or iuit pending; and the futl amount of each and every such paymem shall bear i~teros~ from tF.e date thereof until paid at the rare oI nine per centum per annum; and a~l said costs, char9es and expenses inturred a paid, together wAh such interest, tMtl be secured by tF?e lien of thif mortQage. 6. 1'l+at (a) in the event of any breach of this Morrgage or default on the part of the MORTGAGOR, o? (b) in the svenl any of uid sums of money he~ein referred to be nof prorr~ptly and fuily p+id within Ihirty (30) days next after the same severally become due and payable, witiwut Qemand w norice. or (c) in the event each and eve~y the stipulations, agrecmenrs, conditions and covenanh of said promiswry note and ~h~s mwtgage a~y w either a~e ~ot iuly, promptly end fully periormed, d~scharged, executed, effected, completed, complied with and abided `ay, then in either w any such event the said ag g~egate wm ment;oned in said promissory np~e then rcmaining unpeid, with interest accrued, and alt moneys secur~d he~eby, shall become dw and pay- eble forthwith, w therea(ter, at tha option of said MORTGAGEE, ai fully and complstely as it atl of the said sums oi mo~ey were originally ~t~putated to be paid on such day, anything in sa~d promisswy note or in thia Mortgage to the contraiy notwithstanding; and thereupon or thereafter et the option o! sa;d MORiGAGEE, witbouf nor~ce or demsnd, suit et law w in equity, theretore or thereafter begun, may be prosecuted as if all moneys secured hereby had maWred pnw to ~ti irtstitution. 7. That in the e~ent that at the beginning of or at any time pc~d~ng any suit upw+ this Mwtgage, a to fwec(ose it, or to reform it, or to en(orce payment of any cla+ms I+ereunder, said MORTGAGEE shall apply to the Cou~t having jur~sdiction thereof f~~ FK appo~ntment of a Receiver, such Court shall Forrhwith appoint a ~eceiver of said mwtgaged property all and singular, includmg all and singular the income, p~ol~ts, iuues and reve~ues from whatever j source~ derived, eacfi and every of which, it lxing express~y understood, is hereby mo~rgaqed as if speutica~ly xt forth and dastribed in the granting snd habendum tlauus hereof, and suth Receiver shali have all the broad a~ ef(ective funu~ons and powers in anyw~so entrusted by a Courl to a Receiver, and suth appointment shall be made by such Cou?t as an admitted equ~ty and a matta of absofute right to said MORTGAGEE, and withoul reierence to the adequaq a inadeqvacy of tha value of the property matgaged or to the solve~cy or insolvency of said MORTGAGOR a the defendants, and that such ren~s, profits, income, issues and revenues shali be applied by such Receiver according to the tien or equity of said MORTGAGEE and the practice of such Courf. 8. To duly, promptfy and futiy per(orm, d~xha~g~, execute, etfect, comp:ete, comply with and abide by each and every the stipi:latiw~s, agreements, conditions and covenanfs in sa~d pramissory no~e'and lhis mortgage set forth. - 4. ?hat in the event the ownership of tM mortgaged premisss, a any part thcreof, becomes vested in a person other than the MORTGAGOR, the h'ORTGAGEE, its ~ucceuo+s a~d assigns, may, withouf rwr7ce to rhe MORTGAOR, deal wi~h such succeuoi or successw in interest with reference to this morfgaye aod the deb~ hereby secured in the same marener as with A(brtgagor w;thout in any way vit:ating w d~uFurging the Mortgagors' Iiabil~ty hero- under w upon the debt hereby secured. No tale of the premisea hercby mo~tgaged and no forbearance on the part oi the MORTGAGEE or its successors or ass~gns and no e:rension of the time fw the payment of the debt he~eby secvred given by the MORTGAGEE or its tvcceasws or auigru, ahall operate ro relesu, discharge, modify change or afft~tt 1he original liability of ~he MORTGAGOR herein, either in whole or in part. 10_ It is specifically agreed that time is o( the esunce of this contract and that no waiver of any obli~ation hereunder w of the obligation te- cured hereby shall ar any time thereaffer be held to be a waiver of the terms hneoi a of the instrume~t secured herby. 1 l. In add~~~on to the forego:ng inonthly payments of princ pal and interest requ~red by the promisso~y nole secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momMy payment an add~rional sum esnmated by mortgagee to be equal to 1% 12 of ~he annual cost of the follow- ing: A-Atl ~eal property taxrs levied or assessed against the above described real estate. B-Prem~ums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvements situate on the above described premius. C-Premiums on such mwtgage guaranty insurance as mo+tgagee shall frorn t~me to time deem fit to carry on the loa~ secured he~eby_ Mortgagee shall from time to time'~otify mor~gagor in writ~ng of the amount due and payable hereunder and such sum ~ha!! therevpon be due and Fay;ble o~ the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such a^•.ount. $uch sums sFa~l be appl~ed by mortgagee toward the payment of real Qroperty taxes, insura~ce prem:ums, and mwtgage guaranfy insurance ~?•emiums. IN WITNE55 JJHEREOf, the said MORTGAGOR has hereumo set his hand and seal the day and year first aforesaid. Signed, Sealed and del'~ rad i~ the presence of: ~J 7 ~~c ~ ; ~ ~ ~ ' , rances R. Bost,~. a widox ~,a . ~ (Sea4 ~ . (Sea~ S?ATE OF FLORIDA ~ S5. COUNTY OF Lt1C~e ~ Befwe rtK personaily appeared Franees R• $OSt~ a N~(30N as~ IMCOMi~to me well known and known to me to be the individw~ destribed in and who executed the foregoing instrvmtnt, and acknowledged before me that fhe+ execute.+ the same for fhe purposes rherei~ expressed. ~~~1~! aef~sf~Ye Wd u~ii~RAR~Ip~1ioMY~s ~1~~~~CRIRISi/Fi?~1~ ii1~~qRF ~~'e~t-Stfiir~vSle'~f'gc'~Sar~e~T'+a~~te~'sii~~Z4iFii~~lq/Ii~11AF= f?etfle~lal~~etilllaut~mtesoa~iisma~laao~ap~bss~a~asx~s~md~o~d~mlae~ . 22~td j ~ WITNESS my hartd and official sea! this day of Jun f9~ , ~ otary , blit in and for tix State ~lor at. ~e . Return To: ' My C m]ssiort expires: _ - ~ _ ` - - Finf Federal Savings 3 Loan Associat~on ~ NOTARY ^ r,~ ` ~ = Of Fort P~erca. ~ C~~~&!°'-STAjE ol Q~qfQa~~~E Fort Pierce, F lori da 8 u n de d 7Ar~Cr~~~ 7~~~ 4 6~.% • ~ ' 1475 ' PSICrriiiera, fiLE~ ~?M~ RECOe~DEQ ' - iT. ~uC~f cou~tr fu~. This Instrument Prepared By John W.Collins ~~~~~Ag First Federa! Savings & Loan Association C4fRK C~ ~~v~T CaURT of Fort Pierce , Florida REC~~RD VCFifiED Checked By ~ ~ ~5 4 Z6~n c~n 2~7531 800K~~5 F~CE~GU~~ r - - - - - ~ _ ; - ~ Y~:;~.~. ; ; - _ ~ ~ _ _ . _ . _ ~.~.~:_u~