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Home My WebLink About1661 ~ 1. To place and contfnuousiy kecp on ihe bui'd~ng~ now o~ kereaiter ~ituafe on ~aid I~nd and on att eq~ipmcnt ar.d pe•to~slly coY~.ed by Mi~ n+atp- ege, with atl premiums thercon pa~d in fu!!, }'rre ins~~ance ~n t~e usual standard poticy form, in a sum app~ovrd by the MORIGAGEE, and w~nds~o~m insurance in ~he uiual s~andard po:~cy form, in • sum approved by the MORTGAGEE, in sucA company o~ comuan~es as ~he MORTGAGEf may direch and all ii~e end w~ndstorm insurance pol;c~et on any af said bulldtn~s, any inreres~ the~ein or pa~t the.eof, in ~M •gg~ega~e ium •faesa~d a in ~xtess Ihrreol, sMH contain the usual standard mortgagee clau~e or such other tlause as ~he Mo~~gagee may rrqu~re, making the loas unde~ se+d polf c~es, each and every, payable to said h!ORTGAGEE ai i~s interesl mey appear, and each and every sucA pol~cy shall be promptly aas gned and dN~ve~rd ~a any held by said MORiGAGEf as fu.rhe. security to aaid mortgage deb~, and, no~ tess fhan ~en (10) dayi in advance of the exp~rat~on ot each po~~cy, to d~- liver to wid MORTGAGEE a renewal thereof, Iogether with a receipl fa Ihe premium of such re~ewal; a~d there shall be no f~~e or winds~or~n insu~ance placed on •ny of taid build~ngs, ~~y interest the~ein w pert Ihereol, unless in the torm and witF~ the lou payabte as atae~aid; and in ~he event any sum of money beconua payable vodrr iuch policy a poLcies said MORTGAGEE shell have ~he op~ion ?o rece~ve and appty the same on accouro o~ Ihe indebtrd- ~ ne:s setured hereby w to permit said MORTGAGORS to receive and use it W any part thereol fo. ori,~~r pur~-otrs, ~v~ihout ~h~~.u~ wii.i,,g o~ ~~npau- ing any equ~?y, lien a?ight under a by virtue of ~his mo:!gage; and in the evero taid MORTGAGORS ~ha!1 fw any reason fail to keep ~he said premii~s w ~ ins~red, w fail to deliver promptly •ny of said policies of insurante to said MORTGAGEE, w fail promptly to pay futly any prem~~m therefo~ or in any reapect fai) ro perfpm, discharge, eiecute, efftct, complete, tomply wi~h and abide by this covenaM, w sny pa~t heteo(, sa~d MORTGAGEE may place ar,d pay fa avch insurance or any part ~hereof without waiving a iffedinp any option, lien, equ~ty, or r~ght under w by virtue of ~his Mo~tga9e, and the f~ll amovnt of each end every such payment shall be ~mmediately dw and payabte and shaft bear interesl from the dats thereof uniil peid at the ra~e ol n~nt pe? cenlum pgr annum and to~ethcr with such interest shalf be srcured by the lien Of Ihis mortgage. _ 1, To permit, commit or sutte~ no waste, impairment w deterioration of aaid p~operty or any pan thereof. S. To pay all and s~ng~lsr the costs, charges and expenses, including a reeso~able attaney i fee and costs oi abst~acts of title, incurred w pa+d ai any time by said MORiGAGfE, becauu w in the event oi Ihe faiture on rhe part oF the said MORiGAGOR to duly, promptly and fully per(orm, d~uha~qe. ' execuee, effed, canplete, comply with and eb:de by each and every the atipulat~ons, ag~eements, conditions, and covenants of sa~d promiiso~y note and thii mongage any w ei~her, and aa~d costs, charges and expe~xs, each •nd every, shatl be immed~ately due and payabte; wherAer w not theie be no~~ce d~ mand, altempt to collect or suit pe~d;ng; and the full arnount of each and every such payment shall bear interest from Ihe date tik~eof u~til paid at tht r,~te of nine per crntum per annum; anc all said costs, charges and expenses incu~red or paid, ~ogether w~~h such iroereal, shall be setured by the tien of this mo~tgage. 6. That (a) in the evenr oF a~y breach of this Mo»qaga or default on the part of the MORTGAGOR, o? (b) in the eve~t ~ny o( sa~d svms of money herein referred to be not promp+ly ar.d fulty paid w~~h~n thiny (3p) days next aiter 1he same severatly become due and payable, without demand or notite. or (c) in the eveM each and every Ihe stiputations, agrcemmts, condirions and covenann of sa:d prom;ssory note and th~s mortgage any or e~ther are not iuJy, promptly and futiy performed, d~scharged, ezecuted, eftected, completed, complied w~th and ab~ded Sy, then in e~ther a a~y such event the sa~d ag yregate sum mentiorx~d in sa~d promiuory nore then remaining unpaid, wi~h interes~ accrued, and atl moneys xcured hereby, shall become due and pari a5te forthwith, u thereaFter, at the option ot said MORTGAGEE, aa (ully and completely as ii a~l of the said sums of money were a~ginally sl~pulated to be pa~d on such day, anything in sa,d p~om~sswy note or in this Mortgage to the con~rary no~withuand6,g; and ~hereupon w thereafter at ~he opGon ot sa;d MORTGAGEE, w~thout notice w demand, suit at taw or in tquity, thereiore or theaeafre~ begun, may be prosecuted as if all moneys aecured hereby nad matured pnor to ~h institution. 7. That ;n the event that at the beginning of w at any ~ime pending any su~t upon this N4ortgage, w to faeclose it, or to refam it, or fo enfo?cs payment oi a~y claims hereu~{er, said MORTGAGEE shatl apply to Ihe Court having ju~isdicrion thereo! fa the appo;~tmenl of a Receiver, such Court shall forthw;th appoi~t a receiver of said mortgaged property all and singular, includ~ng all a~d singular the income, p~ol~ta, issues and revenuea from whatever seurce derived, each and every of wh~ch, betng expressly unders~ood, is hereby morrgac~ed as if spedf~caily set forth end described in the granr~nq and habendum clauses hereof, anr! such Receiver shall have all the broad and efiective funt~~ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absotute ~ight to said MORTGAGEE, and wifMut reference to the adequacy o? inadeqvaty of the value of the property mortgayed or to the sotvency or ir+solvency o( said MORiGAGOR or the delandants, and that such renrs, profits, income, issues and revenues shail be applied by such Receiver ac:ording to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully pertorm, discharge, execute, cffecf, comptete, comply wirh and abide by each snd eve~y the sfipulations, Dgreements, conditions and covenanf: in sa~d promisswy note and this mortgage set forth. i 9. That i~ the event the ownership of tFu mortgaged premises, or any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the ~ h',ORTGAGEE, i~s successors and assigns, may, without notice to Ihe MORTGAOR, deal w~th such successor w successor in interest with ~eference to lhis ~ n*ortqage and the debl hereby secured in the snme manner as with 11~.ortgagw w~tho~t in any way vitiating or d~xharging the Mwtgagors' liability F~ere- vnder or upon the debt hereby secured_ No safe oi the Fremixs hereby mort9aged and no forbearance on ~he part oF the IAORiGAGEE or its successws or assigns and no extension of the time fo+ the paymenr of the debt hereby secured given by the MORiGAGEE or its s~ccessws or auigns, at:all operate + so re~ease, d~scharge, modify change or affect the orig~nal liabdrty of the MARTGAGOR herein, ei~her in whole or in part. ` 10. It is spec~fically agreed that time is of the es:ence of this contract a~ that no waiver of any obligat~on herevnder w of the oblgaYan sr cured hereby ahall at any time rhereafter be heid to be a waiver of the terms hereot or of the instaument secured heiby_ 11. (n add~~ion to the fwego'ng rr,onthly paym_nts of Rv'rnt pa! and inrerest ~equ~red by tFvr prom~ssory no!e secured hereby, mortgagar covenants and agrees to pay to mortgagee with each month(y pay~r.ent an add~~ional sum estlmated by mortgagee to be equal to 1;' 12 of the annual cost of the fotlow- :~~g: A-Alt reai property taxes lev~ed or a:sessed agai~st thc above desc~ibed rea! estate. 8-Rr~~m.7ums on f;~e and windstoim insurar.~e as here~n reqv:~ed to be carried on the ~mproveme~ts situate on the above described premises. C-Pre~niurns on such morig3ge guaranty insurar,ce as mortgagee shail from f:me to time deem fit to car~y on the loan sec~red hereby. Mortgagee shal! from time to t;me noti(y mongagor i~ wr~t~r.g of the amount due and payable hereunder and such sum shat~ thereupon be due and ,svable on the due date of the rtext month!y paymenr and eatb wtce3sive month thereafier urtit mortga~ee shall notify mortgagor of a change in such r.~^ouM_ Such svms sFail be app!ied by mortgagee towa~d the payment of reat property tazes, i~surance prem:um3, a~~d mortgage guaranty insurante premiums. IN Y~ITNESS WHEREO fhe IA TGAGOR has here~nto xt his hand and seal the day and ygar first aforesa~d. ~ S' Seal a ed i p ence of: ~ ~ - sesq ~ _ aO ~ ~ ~ t.' ~Cj ' (Seap dith L Atkinson ~~s~~ STAiE OF FLORIDA ' couH~r oF St. Lucie i u- ' Before me perwnally appeared W1111AI6 .1. Atkinson a~ ~ Judith L. Atkinson his wife, to me well known and known to me fo be the individua:s described in and who execwed the focegoing instrument, and acknowteclged before me that they executed the same tor the purposes rhe~ein expressed. And the said Jt~~_(, ~ Atki nSnn N:fe of tix said W111181R .J. Atkinson upon a separate ar?d ptivate e,am:nat~on by me taken separate and apart from her said husba~d, scknowledged to and before me that ahe ezetuted said instrumeM fteelY;jjy~ryplun- ra~uy and without any compuls~on, constraint, apprehens~on, or.fear of or from f~er said husband. r,, ; t y i t G ~i~ WITNE55 my hand and o4fic~al seal this day oi q. ~~'•_73 ~ / , ~ ~ ~ ~f- ~ : Notary Aublic in and for the Staf o~ FIo ' ~lir~e`r : ~ My Commisiwn expires: ~ Retum To: t ' + ~ J = ~ d Firs1 federat Savings 3 Loan Associar,on ~j ~ v _:t' ; 4f Fort P,erce. II~L~TARY PUBUC. STATE of ~'[ORlpf~~-tARG~~;' Fort Pierce, FbriJa Mr Co~~:,~t~s~c~r [x,~sr.t~ ~EF• :29. i9~6~ BOntled Thra Gen~rol Inyurany~ V,;Q~M~~~y~ This Instrument Prepared By 6ary F. El lv~ood c 'y ' First Federal Savings & loan Association FIlEO AN7 R.CCROEQ 2~~`7/6 /p ST.IUCIE COUkTY FIA. of Fort Pierce , Plorida ROGEn ~~IT~1AS . ~ CLEPK C.~,~Ult COURT Checked By RECC?^ y~PtflEO . ~ k I~ 9 03 AM'73 Sb 3::u1 ~~6 f:::;: " _ j ~`,r . - ~ - . . . . ~``~y ..r V-~e'~'~ } Y ~ ~ ~ ~..*~~w..~4x.,~'^{Y"k~y~~ ' ~ ~ ~ ~'^r j - ~ L.?`3~~^'~.e~~~.gc~. , ~