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Home My WebLink About2720 io p~ate a~d cont~nuously keep on the h~i'd~ngs now or hereatter ~ftuate on aaid land and on ali eqv~p~nent ar.d personally cove~ed by ~h~s mortg- ~ge, w~~h •II p~em~ums thereon pa~d in tul1, fire ir.s~rance ~n ~he ~sual ata~KJa~d po~~cy form, in a eum appruved by thr MOR(GAGEf, and w~ndsrorm ~nsu~ance in ~he ususl s~andard pol,cy (o~~r, ~n a ium appro~rd hy the MORTGAGEf, in such co~npany or <ompan;es as ~he MORTGAGEE may dnect; ~nd all lire and w~nds~urm inswance policiee on ~ny of said bv~~d~ngs, any interesl therein or part thereof, in the eg~regare wm aforeseid w In txcess ~hereof, ~Aall co~rain the usuai ita~ida~d mor~gagee clause or iuch oiher ctause as tha Mo~tgsgee may ~equ~re, mdk~ng ~he ios~ undrr s.+:d poii- cies, each and every, payab!e ro said AlORIGAGEE as ~IS intercsl may appear, a~d each and e~e~y such po!~cy shdtl lx promplly ass gned and del~ve~ed ~o ~ny held by tsid MORiGAGEE as further sec~rity to seid mwtgage debt, and, not less ~han ten (101 days in advance of the eYp~~ation of esch pol~ty, to dr live~ to said MORTGAGfE a renewal Ihereof, loge~her wirh a receipt !or ?he p~@~nium ol such renewai; and there shall be no f~re o~ w~nds~o~~~. insvrance placed on •ny of sa~d buildin9s, any interest therein or parl lhereof, unlesa in ~he iorm and wi~h Ihe loss payabte as aloresa~d; and in tt.e eveM any sum of mpney becomes payable v+~der wch policy w poGcies said A10RTGAGEE ahalt have ?he oprion to rece+ve and apply ~he sa~ne on account of ?he indcbtrd- ness secured hereby or a pen•,~1 sald MORTGAGORS to receive and use it or a~y part ~hrreol tor o~~~•r p~~~~osrs. ..~~~o~t ~h,..u, w.:~.~,~ .;r ~++.p..~r- ing any equYy, lien o~ riyhl uoder w by virwe of this mor!gage; and in Ihe even~ sa'd MORTGAGORS sha? (or any :eaion fail ro keep rhe sa~d p~emises so ins~red, or fail to delivei p~omptty any of said poLcies of insmante to said MORiGAGEE, or fad promptly to pay fu~ty any pre~nwm thr~~tor or ~n any respecl lail to perfo~m, discharge, execute, eHeU, canpleta, comply with and ab~de by thia coveoant, a any pa~t hereoi, se:d MiiRTGAGEE ~nay piate a~~d pay for suth insurance or any part thereoF wlihout waiving a affec~ing any optioo, 1ien, equ~ty, oa r+ghr under or b~r ~irtue of this Mo~tgage, a~~d the full amouoe of each a»d eve~y such paymen~ ihall be ~mmed~ately due and payable and ahall bear interest from the date tFurcof umil pald at the ra~e ot n~ne per centum per annwn and to~ether with wch interust sha? be srwred by the hen of this mwtgage. 1. To permit, tommit or suifer no was~e, impairmrnt or deterioration oi said property o~ any aart thereof. 5. To pay all and singutar the costs, charges a~~d e:penses, ind~ding a reasonable alrorney i fee and cosfs of ahstracts of title, incurred w paid at any time by aaid MORTGAG'_E, txcauae w in the event of ~he failure on the pan of tAe said MORTGAGOR to duly, prompdy and (u!iy perlorm, dncharge. execute, effecl, comptete, comply with and ab:de by each and every the stipulat~ons, agreeme~ts, conditions, and cove~ants of sa~d promissoiy note and thii mortgage any or either, and sa~d costs, chmges and expenses, each and every, shal! be immed~ately due and payable; whether or not there be nof:ce da mand, auempl to collecl or suil pend~ng; and the full amount of each a~d every auch paymem shall bear in~cres~ from the date thereof until paid at the r.,rF o~ n~ne pe~ cenrum ~r an~~u:n; and all said custs, ci~arges and expenses incur~ed or paid, ~oyet'~er w~~h such in~erest, shall be secured by the lien of th~~ mortgage. ~ 6. That (a) in the event of a~y breach of this Mortgage or delau~t on the part of ?he MORTGAGOR, or (b) in the event any of sa[d sums of money herein referred to be oot promptty and fvUy paid wi~hin tF~~rty (301 days nezt afrer the same severa~ly become due and payable, withoui demand or notice, e~ (c) in the evem each and every ~he stipufahons, agreeme~~ts, conditio~s and covenants of sa,d pro+n~ssory note and th~s mortgage any w eitAer are not iuly, promptly and Fully performed, d.scharg~=d, executed, eifected, compteted, compl~ed wi~h and ao~ded hy, ?hen in e~rher w a~y such evem the sa~d ag- gregare sum menriooed in said promissory note then remnini»g unpa~d, with interest accrued, and a11 moneys secured hereby, shall become due and pay- ab:e (onhwith, or thereaftar, at the opt~on of said MORTGAGEE, as fully and comptetely as it all of thr said sums of money were or,ginally st~puteied ro be pa~d on such day, any~hing in sa:d p~o~n~ssory note or in this Mortgage ro the ton~ra~y notwithstand~~r~; and thereupon or thereafter at the ophon of said h1pRTGAGEE, without not~ce or demand, sult at law or in equity, there(ort or thereaiter begun, may be prosecuted as if all moneys secured hereby n~d matured Fnot to ds initituhon. 7. Tl~at in ~F~e event the~ at the beginning oi or at any time pending any svit upon this Mortgage, or to foreclose it, or to reform it, er to enforce F3ymen? of any clein,s hereunder, sa~d MORTGAGEE sha~l epply to 1he Court having jun~d~ctlon thereof for the appo~ntment of a Receiver, suth Co~rt shall forthwith appomt a receiver of said morrgaged property all and singular, includmg aU and singu~ar the income, prof~ts, ~ss~es and revenues from wharever sou~ce derived, each and every af wh~ch, it be;ng exp~ess~y unders+oo~, is here6y mortgaged as ~f spec~licatly set forth and desc.~bed in the g~anti~~g and h_,bend~m dauses hereof, and such Receiver shall have aSI the broad and efiec~ive funct,ons and poY.ers in anyw~se entrusted by a.Cou~t to a Receiver, and s_ch appointment shall be made by wch Court as an admittc*d equ~ty and a matrer of absolute right to sa~d MORTGAGEE, and w~thcut reference to the aJequacy or inadequaty of the value of ~he property mortgaged or to the so~vency o~ msu;vency of said MORTGAGOR or the defendams, a~d rhat such r_=~ts, prafits, intome, issues and reven~es shail be appi~ed by such Receiver atcurdutig to the Sien ot equity o( said MORTGAGfF artd the prac?ice of such Court. _ 8. To du!y, prompt:y and futly perform, dizcharge, execute, effect, compiete, cwnply with end abidr by each and every the stipuiations, agreements, conditions and covenams ~n sa~d promissory note and th;a mprtgage set forth. 9. That in the event the ownership of ihe mortgaged premises, or any part ~i~ereot, becomes vested in a person other than the MOR7GAGOR, the .".ORT(',AGFE, irs successo+s and ass~gns, may, without notice to the MORTGAOR, deal w~?h svch successor a successor in interest with reference to lhis n o•tgage a~~d the deot hereby secured in the same manner as with Mortgagor without in any way vit~ating or dacharging Ihe /dorrgagors' liability her~ ~nder w upon the debt hereby secured. fVo sate of the prem~sss he~eby mo.igaged ar.d no lorbzarance on the part of Ihe /I~ORTGAGEE o~ its successors or assigns and no ex~ension of the time for the paymem of the debt h~reby secured given by Ihe MORTGAGEE or its successors or ass~gns, .hall operate to re~ease, u'.scharge, modify change or affect the orig~nal Iiab~Gty of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the esse~ce of this contract a~d that na waiver of any obligat~on hereunder or of the obliyation se- cured he~eby shali at any time thereaiter be he'sd to be a waiver of the terms hereof or of the instrument secured I~erby. ' 11. In add.r~o~ to the forego ng month!y paym_~IS of pr~nc pai and interest required by the prom'ssory nc!e secured hereb~, mortgagor covenants a~,d agrees to pey to mc•tgagee v~ith each month{y payr„ent an add~eionai s~m es!~~~a~ed b~ mortgagee ro be eqva! to 1, 12 oi ths annual cost of the follow- A-A~I rea~ p~operty taxas levied or assessed agai•~st thc ahove destrib,d real estate. 8-P:e:niu:ns on fire and vfindsrorm insurance as here~n requ~red to be carried on the improvements s~tuate on the above described premises. C-Premwr•~s o~ s:::h mortgage guaranty ir.sura~:ce as mo+tgagee ~ha~i fro:r, t:me to time deem fit to car~y on the ban sewred hereoy. Mo~tgagee sha:! from t~mr to t~~e notify mo»gagor in writing of the a~nou~t du> a~d payable hereunder and such sum shail thereupon be due and ; i~able on the ~'ue dofe of the next rr,Onth:/ paymer.t and each successive monih thereafrcr ur.til mortgagee shatl not:fy mortgagor of a change in wch ~.o~nt. $uch sums sha:l be applied by mortgag~e towa•d Ihe paymert of rea[ prope~ty taxes, insu e p~em:ums, and ortgage g~aramy insurante ~ ,>•emeums. . IN \VITDJE55 '~+'HEREOF, the said MORTGAi,OR has hereu~to set his hand and seal the day an ear first oresai . i Siyned, Seated and delivered in the presence of: _ - _d Seaq i _ C l_ , ?c_. - V~Cl B (Seal) ~ ~ . C(_ ; - - ~Sean - yl • d88 (Seaq `t ' ST:.TE OF FLORIDA ~ . ; COUNTY OF St. Lucie ~ ~ ~ Befwe me personally appeared D~svid B~ L10ZLQZdSB and ; ~ .TOyC@ 5• D01tQ1888 his wife: fo me wef! known and known to me to be ~ rhe individuais described 'en and who executed the fwegoing instrument, and acknowledged before me that they executed the }ame for the purposes !herein expressed. And ttie said_ _ .j0~/C@ S• ~0119_-1saS8 +:;fe of the said _ ~wd B• ~~~SS r - T~, upoma separate and private exam~nation by me taken sepa~ate and apart from her said husband, ackrww(edged to and before me that she exetuSed sa~,qtstrurt~ent freely and volun- i rar~ly and w~thout any compulsion, constraint, apprehens~on, or fear of or from her said husband. • ~ WITNE55 my hand and offiual seal this_ day of `j~e " ' A. D. 19 73 ~l~A?~.f~M / J - Noiary Publ:c in and the. $tete of flo~ida bt Laige My Commissiwt expit ' Return To: 1ou of ilwido at. lotg~ First federal $avings b[oan Associat~on S ,}97 i O4 Fort P.~.-,e. ~ Ce~issiew Enrns Oet• 70. •f.. - b7 /y~r~con ~u~ b W~ot4f C~. . - Fort Pier~e, fioridj %r._. . i y This Instrument Prepared By J. H• RobBZts ~ JY. SL LUCAt COUM~Y f1A. ~ First Federat Savings 8 Loan Association ROCER PdttRAS ~ ~ ; , of Forf Pierce~ Floiida CLEPX. 4+:~fU1T COURT t ~'~,A RfCf?P.:t Yf?,r:;e', i71~~ F Checked By J~L ~ SQ ~u s~~ V i 11 y ~'~,~y~1.~ :'"~.~71.4 ; : ~