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Home My WebLink About2718 ~ ~r 3- To ptace and conrfr.vously keep on rhe bv~'d~»gs now or hrreafier ~Itua~e on said land aod on ali equip~nent and peno~ally covered by thii morrg egs, w~~h eli premiums thrteon pa:d in 1u11, lue msuro~te tha us~ai s~ar~ard pol;ty 1orm, in a eum appro+ed b~ ihe MOR~GAGEf, ar.J w~ndstorm insura~ce in Ihe uaual arandard pol,cy form, in s ium approred by the MORTGAGEE, in such co~npany or co~npan~es aa ~he MORiGAGEE may dirK?: and all ti~e and w~ndstorm insurance poliues on aey of suid bui~d~gs, any inte~ea~ the~ein o~ part lhrrrof, in tbe aggregate svm atoresaid o~ in excess thneof, ~hall contain 1he usual standard mortg,~gee clause w such other clause as the Mwtgayee may rcqv~ro, making the loss undar s~~d pott des, each and every, payab!e ta sa~d h10RTGAGEE as ~~s iroerrst may appear, and each and every wch pot~c/ shall be p~omp+ly ass yned a~~d deG~arrd ~o any held by said MORTGAGEE a~ fweher eecurity ro said mortgage debt, and, not less than te~ (10) dsyf in advance of the eapiiat~on of each pot~cy, to da liver to sa4d MORiGAGEE a renewal Iher~of, ~ogether with a receipt fw rhe premium o( such ~ene+~al; and there shall be no 6~e or w~nds~o~~n inturance placed on any of said buildings, any i~tcrest therein o~ pa~l Ihereof, unless in ~he torm and wi~h the loa~ payak,le a~ aforesaid; and in ihe event any sum of money becomes payable undrr such po~icy or poLc~es said MORTGAGEE shait have the opnon ro rKeive and apply the same on accoum of ~he indrtt.:d- ness secured hereby or to permit said MORTGAGOR$ to ~eceive and use it a any parf the:eof lo~ othcr F:~r;.os~s. ..:ih~,..r ii+ .v.~~.~ y,.r ~ng any cqulty, Gen w ~~ght undcr or by virtue of this mor!gage; and in the evero sa~d MORTGAGORS shall fo~ any reason fait to keep ehe sa~d premu~~a so insured, o? fail to delive~ prpnptly soy of said pol~cies of inwran~e to aa;d MORiGAGEE, or fad prompfly to pay fully a~y pre~~uu~n therefor o~ in a~y respect fail to per(o~m, d~schar9e, execwe, effecl, complete, canply with a~xl ab~dr by Ih~s covenant, a any part hareof, ~e~d rduRiGAGEE may p~ace a~~o pay fw such insur.~nce or any part thereof w~~hout waiving a a((ecting any opt~on, lien, eqv~ty, aa r~ght undar or 6y v~rtue of ih~s Mo~tgage, and the 1u11 amovnt of eath and e.ery such paymeM shall be im~nediatefy due and payable a~d shall Ixar intereat irom the date thereof U~IIiI PJit~ at ~he rate ol n~ne per tentum per ennu~n and to~e~h.:r with such intcres~ shall be s~ured by the lien of thit mo~tyage. 4. To permit, commit a suffer no was/e, impairment or detar~orat~on of said property w any part the~eof. 5. To pay al) and singufar the costs, charges and expenses, including a ~easonable attorney's fee and costs of abstracts of title, incurred or pa~d at eny time by sa~d MORTGAG'E, bcca~se w in the event of the failure or~ ~he part of the said MORTGAGOR to duty, promNily a~d fu~ly per(orm, d~scharge. exxute, elfecl, complete, compfy with and ab;de by each and every the s~ipulat~ons, agreements, co~ditions, and covenants o1 said pru+n~ssory note a~d ihii mwrgage any or e~the~, and sa~d costs, cha~ges and expenses, each and every, shall be immediately due and payable; ~~hethe~ or no~ the~e be not~ce da mand, auempl ~o co~lect or suif pend~ng; and the full a~nouM of each and eve.y such payment shall bear intere:~ from ~he date ~hereof until pa;d at the r.,te o~ nme per cemum pcr annurn; and alt said cosrs, charges and expenses ;ncurred or paid, toge~he~ w~th such interest, shall be secured by the I~en of this mOrfgeyC. 6_ Tha? (a) in the evenl of any breach of this JNwtgage or defau~~ on fhe part of the MORTGAGOR, or (b) in the event any of sald su~ns of money 1 herein referred to bc not promptlY and fully paid wi~hin thirty (30) days next after ~he se,ne seve~a,ly become due a~d payabte, witl~ou~ demand or no~ke. ,.1 0. {c) in the event eath and every the stipulations, agreements, cond~tions and cvve~ants of sa.d promissory note and th~s nwrrgage any or e~~~er are not ivly, promptly and fully per(ormed, d:xharged, ezecuted: e4fected, tompteted, comNlied with and abided 5y, then in eitFwr or any such eve~t the sa~d sg gregate svm mertrioned in said p~omisswy note the~ remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and pay abie forthw~th, or thereaher, at the opr~on of said MORTGAGEE, as iully and completely es ii alt of ~he said aums of money were or~g:nally sr~putated ro be pa~d on such dey, anything in sa:d p~amissory note or in this Matgage to ihe contrary notw~thstand~ng; and ~hereupon or the~ealter at the op~~on of said MORiGAGEE, without not~ce or demand, wi~ at taw or in equny, the~efore or ti~ereafier begun, may be prosetuted as if all moneys secured hereby n~d maWred pnor to ~ts institut~on. 7. That in the event that at tne beginning of or at any time pending any suit upon th;s Mortgage, or lo Ior~lose it, or to refo~m it, or to en(orce payment of any claims he~eunder, said MORTGAGEE shatl app!y to the Co~rt havinq junsd~ction thereof for the appointment of a Rec-r~rer, s~ch Cuvrf shail fo:ihwith appo~nt a receiver of said mort~aged property all and sinou!ar, ~ndvd~ng ail and singular the intome, prohts, issues and re~e~.~s fran wb<*ever so~rce derived, each and eve~y oi wh:ch, i~ being expressly undersfood, is hereby mortgaged as if spec~ficaily set iorth and descnbed in the gra~.• ng a~~d kabendum clauses hereof, and such Rece~ver shaU have aIl the broad and effective funct~ons a~d powero in anywise entrusted by a Cou+t to a' .~nd s..h appointment shall be made by such Co~r! as an adm~rtrd equ~ty and a mattcv of rbsotute nght to said MORTGAGEE, and v~nheu~ refer-- rhe adequaty or inadequacy of she vafue of the pro, erty mortgaged or to ~he so:ve~ty or ~nso~vency of said MJRiGAGOR or the defenda•~ts, and ~h,t such r~~ou, profits, income, issues and re:e:.ues shall be appiied b/ such Rece~ver accord~ng to the 'tien or equity of said MORTGAGEf and the prau,ce o( such Court. 8. io duly, promptty and fully perform, discharge, execute, eifect, complete, comply with and abede by each and every the stipuiations, ag+eements, cond;tions arxf covenanrs ~n sa~d promissory note and this mortgage set iorth. 9. That in the event the ownership of the mortgaged premises, or any part tnereof, becomes vested in a per~n other than the MORTGAGOR, the A'ORTGAGFE, Fts succeuors and asslgns, may, without norice to the MORTGAOR, deal w~th s~ch successor or sutcessor in ~merest w~th reierence to this rr.ortgage and the debt hereby secured in the same man~er as with Mort~ago~ w~thout in any way vit~atirtg or d~sthargfng the fdortgagors' iiabiGty here- under or upon the debt hereby secured. IVa sale of the Fremises hereby mortga9ed and no forbearance on the pan of ~he IAORTGAGEE or iti successors or as:~gns and no ez~ension of the t~me ior the payment of the debt hereby secured give~ by the ~hORTGAGEE or its s~cceasors or ass gns, a~~ail operate io re!ease, d~scharge, mod~fy ~hange or affect the original 11ab~iay of the MORiGAGOR herein, either in whole or in pa~t. 10. It is spec~fica!Ey agreed tnat time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- cvred hereby shali at any t~me thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. I 1. In a3d.tio~ to ~he foregu'ng monfhty paymems of prir•c pat and inieresr ~eq~~red by the prom sscry no~e secu~ed hereb~, mortg~~or covenanrs and e~rees to pay to mortgagee v.~th each mon+hly pay.aem an add~:~onal sum ess~~,~ated by morrgagee ?o be eqval to 1; 12 of the ann~a{ cost of the follow- ;~,g: A-AIt rea~ property raaes le•,ied or assessed ag~i•~st the above descrihed real es!ate. 6- Prem~wns on f~re and w~ndstorm ~nsurarce as here~n req~:red to be canied on the ~mprovemezts situate on the above described premises. C-Prem~~ms on such mortgage guarart~ ir.w.a.,ce as mu~tgagee shal! (rem. t:me to r~me deem fi? to cany on the loan secured hereby. Mortgagee sha?I from time to time notify mortgagor in writ~ng of the amou~t due and payable hereunder and such su:n shall thereupon be due ar.d .>;able on the due aafe oi the ne~t n~onth:y payment a~:d each success~ve momh the~eafter ur.ti{ mortgagee shall notify mortgagor of a change in such ount. Suth wms sFa!i ~ apF.lied by mortgag~e toward 1he paymeni of real property taxes, insur e prem:~ms, and ortgage guaranty insurance ~ n~emiums. i ~ IN Y/ITNESS `NHEREOF, the said MORTGAGCR has hereunto set his hand and seal the day an a~ ficst resaid ~ ~ned, Seated and deliver~ the presence ofi I - Seal) ' ' ~,t- ` c-.L L~ D vid B. Do s ~ (Seai) ~ J - - ($eal) ~ _ ~ @ •S Ia8 ' (5~a~) ~ SiATE OF FLORIDA ~ COI;NiY Of ~ St. Lucie ~ ~ . i a z Before me perso~atiy appeared ~dVfd B~ Douglass and A Jovice S. Doualass i his wife, to me weN known and known to me to be ~ !he individuals described in and who executed the foregoing instrument, and acknowledged before me that they ezeculed the same for the purposes ' rherein expressed. And the said__~ .lO~IC@ S• ~Ll~}188t Q +.ife of the said - _ Q~Y~C~ B. Doualass upon a separaf~. and private ; exam~nat~on by me taken separate and apart from her sa7d husband, atknowledged to and before me that she executetl said ins~~urrr~nt i~pylly prnd votun- ' ra::ly and w~thout any compu!s~on, co~straint, aprrehensi or ear of or from her uid husband. 3 1~ ~ June ' ~?3 3 WITNE55 my hand and offic~al seal this day of • A. ~.'•)4r_ i ~ ~ , 1 r ~ Notary PubGc in and i the State o~ Parids~Aj:jar~ ' My Comrnission eapires: J. ` ~ ~ = Rewm To: ? ~ C.•' ' - ? First federal Savings 3 loan Association ` Ot forf P:erce. ~ ' ~ ° - Nwary ?ub6q S~ah of H~tido ~1 - - ; Fort P~~rce, Flor~da ' H ~ ~ > lAr Gmmistioe ExpiNs bct. !0, 197~i, ~ . . ; , - ~rdtd Ay e--~.~con Fira i Coswltr Cd. ~ ~ This Instrument Prepared By J. H• Roberts~ Jr. a=~~~oED ~ First Federal Sav'rngs 8~ Loan Association fIlEO Ati" ' Rlorida ~T.IUC~~ COUNTY FLA. Ll i~~~nL J of Fort Pierce • ROCE~ PO~jRAS s CLERK CiFtGU~T COURt t Jti Checked By • R[GO~~ YEF~=!ED r~ k 1 11 so At1'73 ' C~~-''~'~ ~~tj ~ f ~z 3 dz _ _ _ . ~