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Home My WebLink About0306 To place and continuouely keep on Ihe bui:dings now or hereafter ~~tuale on safd lantl and on alt equipment. and personally tovered by Ihis mortg~ sgs, with all premiums thereon pa~d in full, fi~e inaurence the us~a! standard policy form, in s sum appru+ed by the MOR~GAGEE, and windsto~m ~~suranc0 in the usual srandard pol~cy fo~m, in a aum approved by the MURiGAGEE, in such canpany or compan~es as the MORTGAGEE may direct; and alI (irs and w~ndstorm insurance polic~es oe any of said build~ngs, ~ny in~ere~~ tkere~n w put thereo(, in fhe agqicga?e sum ~lae~aid w in excess rhereot, shalf conrain fhe usual slandard mo.tgagre clause o~ such other clause as the Morlgagee nwy req~irs, makinp the ioss unde~ sa~d po~t cie~, each and every, psyable io said tiIORTGAGE~ as i~s in~erest may appea?, and each and eve.y such po~~q shall be promptly ais gned a~d dNivered ro eny held by uid MORIGAGEE as further aecurity to seid niortgage debt, and, no: le~s than ten (10) dayt in advance ot the expiralion of each pol~ty, to da- liver ~o ~aid MORTGAGEE a ~e~ewal ~haeof, toge~har with a rece+pt !a~ the premi~m of such ~enewal; and there sh~ll be no lire or windstorm i~turance p~ated o~ any of said buildings, any interest therein or part thereof, untess in the form and w~~h the loss payable as a(oreuid; and in 1he event any sum of money becomcs payable under s~ch poticy or pol~cias said MORiGAGEE shall have the option to rocr~ve and apply Ihe same on account of the indebted- ness aecured hereby a to permit sa~d MORTGAGORS ro receive and use it a any parl ihe:eol lor o~M:r purF•OSeS, vi~thput eh~.~ o~ wai~i~~g o~ ~~T~pai~- irg any equity, lien or ~ight undcr or by virtve of this mortgage; and in ths evenf u;d MORTGAGpR$ shall for any reason fail to keep tl+e iaid premises so insured, w fail to delive~ promptly any of said policies of insur~nce to said MORiGAGEE, or lail promplly to ~,ay tully any pre~~~ium lhereta or in any respect fail to perfwm, d~scharge, execute, effect, complete, comply wiih and abide by th~s covenant, w any pa~t he~eof, sa~d MQRiGAGEE may pface a~~d pay fa such insuranse o~ any part thereof without waiving w affecting any option, tien, eq~~~y, ar r~gh~ under w by virtu~ of thls Matga9e, and the f~ll amount of each and eve~y such payment shall be immediately due and payable and shall bear interest from tha•dats thereof until paid at the rate o1 nine prr centum pe~ annurn and fo~ether with such ;nter@s? shall ba secured by the lien o( this matgage. 1. To ptrmil, commit or su1(er no waste, impairment or deterioration of sa;d property w any part thereof. 5. To pay ell and singular the costs, charges and expenaes, including a reasonable attaney's fee and costi of abstracts of title, incurred or paid at any time by sa~d MORTGAGEE, betauie w in the event of the fal~~re on the part of the taid MORTGAGOR to duty, promprly a.~d fully pe?lorm, d~xl~arge, executa, e(fect, complete, corr,ply w+th and ab:de by eath and every the stipuiations, agreements, tond~tions, snd covena~?s of sa~d prom~uory r+ote and thu _ mortgage any or ei~hea, and said costs, charges and expenxs, each and every, shall bs immediately due and payable; whe~her or not fhere be norKe do- ~ mand, attempt to collM or suit parxl~rg; and the fuli arnounr oF each and every such paymem shall bear interest from the date thereof until paid at the rate of nine per centum per ame~:n; and all sa~d cos~s, charges and expenses incurred or paid, together w~th such interest, ahatl be secu~ed by the iieo of th~~ mortgage. b. That (a) in the evenf of any breacA of this Mortgage or default on ~he part of the MORTGAGOR, or (b) in the event sny oF sa;d s~ms of money herein refe~red to be not promp~ly and fu~ly paid wi~hin thirty (30) days nexl a(~er ~he same se~eralty become due and payable, wi~hout dcrosnd or notice, or (c) in the event each and every the stiputat~ons, agreements, cond~tions and covenants ot sa:d promissory note and th~s martgage any a either are not ~uty, promptiy ar+d fuHy perfwmed, d:scharged, executed, effected, compteted, complied wilh and abided hy, Ihen in either q any such event the said ag 9regate sum mentioned in said pranisswy note then remaining unpaid, with interesl atcrued, and all mo~ys setured hereby, shsll betome due and psy- abte forthwith, w thereafte~, at the optfon of aa~d MORTGAGfE, as (uNy and comptetely as if all of fhe said sums of mo~ey were wi9inslly ~ripulated to be pa~d on such day, anything in sa:d prom~sswy note or in this Mortgage to ~he conrrary notwithstanding; and thereupon a thereafte~ at the op~~on of said MORTGAGEE, without notice o. demand, suit at law w in equity, the~efwe or thereafter begun, may be prosecuted as if all moneya setured hereby had matured pnor to its institut~on. 7. That in the eve~t that at the beg~nn~ng of or at any ti~ne pending any su~t upon this Mortgage, or to faeclox it, or to refwm it, w to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the Cour~ having jurisd~ction thereof for the appoincment of a Receiver, such Court shall forthwith appoinf a receiver of said mortgaged property al! and singular, inctudmg aIl a~d singu~ar tFee inconx, profits, issues and revenues from whatever source derived, each and every of wt~~ch, it be~ng eapressly unde~siood, is hereby mortgaged as if spec~(ically set futh and deWibed in tha granting and habendum clauses hereof, a~d such Receiver nhatl have afl the broad and effective funcnons and powers in anywiu enl~usted by • Court fo a Receiver, and s~ch appointmeM shall be made by such Court as a~ admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the properry 'mortgaged or to the sorvency or ;nsolvency of said MORtGAGOR w fhe defendanrs, and that such renrs, profits, income, issues and ~evenues shail be apptied by such Receiver according to the lien or equity of said MORTGAGEE and the prutice of such Courf. 8. To dvly, promptly and fully perto~m, discharge, exec~te, effect, complete, comply with and abide by each snd every the stipulatiorts, agrcements, condifiom and coveoants in za~d promissory note and th;s mangage sef fwtb. 9. That in 1he event tFK ov~nership of the mortgaged premises, w a~y part the?eof, becomes vested in a person other then the MQRTGAGOR, the h10RTGAGEE, its successo~s and assigns, may, without notice to the MORTGAOR, deat with such successor w successw in interest wirh reference to this mortgage and the debt hereby secured in the same maruier as wirh Morrgagor w~?hout in any way viriating pr d~xharging 1he Mortgago~s' liability he?c under w vpon the debt hereby secur¢d. No sale oF the premises hereby mortgaged a~d no fprbearance on the part oi the MORTGAGEE w ita sutcessors or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or irs s~ccessws or ass~ns, ahall operate to release, d~scharge, modily thange or affect the original liabil~ty of the MORTGAGOR herein, either i~ whole w in part. 10. It is specificaUy agreed that time is of the essence of this contract and that no wsiver of any obt~gation hereunder or of the obl'~gaYan sr cvred hereby shall at any time thereafter be held to be a waiver of the terms hereoi or of the instrument secured herby. . 11. In add~tio~ to the forego ng monthly payments of princ"pal and interest required by the promtzwry no!e secured hereby, mortgagar covenants and ag~ees to pay to mortgagee with each monthly payrnent an add~~ional wm estimated by mortgagee to be equal to 1;!12 of the annval tost of the follow- ing: A-Afl real property taxes tevied or assessed agai•~st the above described real estata B-Prem~ums on fire and windsto*~n ~nwrar.~e as herein rtqu~r~d !o be car~ied en the ;mprovements situate on the above described premises. C-Premiums on such mortgage guaranty ins~rar.ce as mortgagee shail from t~me to ti~ne deem fit to carry on the loan secured hereby_ Mortgagee shall from t~me to t~me norify mortgagor in writing of the amount d~e and payable hereunder and such sum shall thereupon be due and ;.~yabte on the due date of the nrxt month;y payment and each successive month thereafrer urril martgagee sha!! not;fy mortgagor of a change in such a~~ovnt. Such sums sFa~i be app•.ied by mwtgagee toward the paymem of real property taaes, insurarxe prem;ums, and mortgage guaranty- insurance p'emiums. IN WITDJESS :vHEREOF, the said MORTGAGOR has hereunto set his hand and seai the day and year f' t seid. Signed, Sealed and delivered " the pr'esence of: ~ a~ ~ ; ~ f 1~~C'~ Albert Jam eeves ~an ' ~ Sesp _ Eleanor iI. ~iePVps ~~s~ ; j S TE OF FLORtDA ~ CQUNTY OF St . LUCle ~ ~ ; Before me perwnaily appeared ~1bPTt Ji2iqE+5 Aeeves ~ Eleanor N. oeeves a~ ~ - his wife, to me well known and known to me to be ~ rhe individuals desvibed in and who eaecuted the foregoing instrument, and atknowledged before me that they executed the same for tFK purposes ~ therein expressed. And the said Eleanor Reeves +r~fe of the said AZbert iames I?E'@VeS ~p~ ~~rate and private ~ examination by me taken separate and apart from her uid husband, atknowledged to and before me that she exet~ted said instrument frcely ~nd votun- ! rarily and without any compulseon, constraint, apprehension~or fear of or from her said husband. ' ~ WITNESS my hand and official seal this ~ day of /~U 5't ~-'~3 ./4~ D. 4~...,..._ . ~ f _ . ~ - tary Public in and fw t State of ~i{ at qp =-s,~ %+t~~ 'y ~ ! y Commiuioe expires: -~3~ , ~ <~~j ' Returo To: . ~ • _ ' , ~ , . ~ ~ ' Firs~ Federal Savings 6 loan Association ~ . ' ~ ~ ~ = i Of Fort P:erce. _ ~ " p ~ . ~ _ . S Fort P~erce. Fter~da NOTART PUB:IC. S?f~TE ot fLOR4DA~ v - ~ ~~O Ifl' CO'.`"'! ~S!~?i EXr^I.^~S ~E't.`a I97S4J~ ; ~ 43~ ~or.d. ~ , _ .::y~~.ti~.,;te~. : ~ , . i ; This Mstrument Prepared ByJohn ~o21i s LED ah;; P ,''T~T ECORDfO ~ # First Federal Savings & Loan Association T• IUCIE ~O~1MTr F~A. ' of Fort Pierc~, 14'lozida ROGE~ ~%,rt~~S ~ z CLEFK C~:,;~IT ~OURT ; P.<<!~k~, y: a :~E~ ~ Checked By ~ ' Au~ 1 4 0o P'73 ; r r ",y ; ~~'LK ( `x~; ~ ; . ~ - - . _ ~ : _ . _ ~ ' ~ u~~"~