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Home My WebLink About0516 To place and continuously keep o~ the bui~d~ngs now o. hereaf~er iituate on said lsnd and o~ all equ~pment and personafly covered by thii mong- ~g~, with ~II premiums ~hereo~ pa:d in iull, fire in~urance in the us~at slandard poficy fo~m, in a sum approred by ths MORfGAGEE, •nd w~ndt~orm +n~uance in ehs usua! uanda~d pol~cy lorm, in a sum approved by the MORTGAGEE, in svth tompany or companiei as the MORTGAGfE may direc~; and all tire and w~ndstorm insu~ance pol~cies on any of sa~d build~ngs, any inte~es~ therein or put thereof, in IM aggreya?e sum ~faesaid o~ in ~xceu thereof, iMfl confuin rhe u:uai atandard mortgagee claute o? such otFxr ci~uss ~i the Nbrtgagee may requ~rs, makin9 the loss under sa~d poli~ cies, each and eve~y, payabte to said MORTGAGEE as its in~ere~t may appear, and each and ~ve~y such poi~cy shall bs promptly ass gned ~nd do~~~ered to ~ny held by ssid MORiGAGEE aa further security to said mwtgage dabf, snd, no~ teu 1h.~n ren (IQ) days in advance of the expi~atian of each policy, to de- IivN to said MORTGAGEE a renewal lhereof, 1oge~hN wilh a receipt iw Ihe premium of such renewal; and ~hers thall be no firs o~ windstorm insur+nce pl~ced on sny of said hvildings, any in?crest thae~n w parf thereof, unleu in the (orm and with the lou payable as aforesaid; ~nd in the event any tum oi money becomes payable unde~ such policy a pol~cies said MORTGAGEE shall havs the option to receive and apply ~he ume on account of the indebtrd- eeu secu~ed FK~eby w to permit sa~d MORTGAGORS to receive and uu it a any pa~t ~hereoi ~or other pu:poses, without ~h;r~bt waivi::g o~ unpoi.- ing any equity, lien w right under a by virtve of this mo:tgsge; ~nd in the evenr seid MORTGAGORS ~hal1 for sny reason fai) to keep ~he said premisrs w insured, q fail fo deliver prompUy any of said policies of insurants to said MORTGAGEE, a fail promptly to pay fulty any pre~nium the~efw a in any re~pect fail q perform, discharge, execute, efiecl, complete, comply with and ab~de by this covenant, w eny part hereot, said MORTGAGEE may place a~~d paY Fw such insurance w any part the~eof whhoul waiving w~ffeding a~y optwo, lien. eqvity. o~ rigM unde~ or by virtue of this Mongafle. ~nd tht fvll amount of each and every such payment shall be imrnediately due ~nd payable ~nd shall bear interetl irom tM date the~eof until paid at the ~ata ol ~~ne per cenrum psr snnum and to~ether with such inte~eat shali be secured, by the lie~ of this mort~age, To ptrmil, commit or suffer no waste, impairment w dererioialion of uid property or ~ny part thereof. S. Io pay all and s;ngular ths costs, charges and expenxs, including a ~easonable attaney`s fee and costs of abstracts of title, incur~ed w peid at any time by uid MORTGAGEE, because or in the event of the failure on the part of fhe said MORTGAGOR to duly, promp~ly and fully periorm, d~xharge. exaute, effect, comptete, comply w~th and abide by each and avery rhe sKpulitans, rg+eements, conditions, and cove~ants of said promi:sory note ar+d thi~ mortgage any w e~eher, and said cosrs, charges and expenses, eech end every, sMll be immed'+ately due and payabte; whethe~ w not there be notKe do- mand, anempt to collect w suit pe~d~ng; and the full arrwvnt of each end er~ery wch paymeor shslt bea. interest from the dats thereof uotit p~id at the rare of nine per crntum per an~~u:n; arw al) said costs, charges and expenses incurred or paid, ~ogether ~v~th suth i~terest, shatl be secured by. the lieo of this mort9age. b. That (a) in the evsnt of sny breach of this Mortgage o~ defauN on the part of the MORTGAGOR, a(b) in the event any of sa;d w~+s of morroy herein ~eferred to ~s not prompfly and fulfy paid witAin thirty (30) days ~xt afrer ~he same severally become due and payable, withow demand or notice, ar (c) in the evem each and every the stipulations, agreeme~ts, condit~ons and covenants ot sa~d promiswry note and th~s mortgage any or either are nol ~~ty, promptly and futty periwmed, d~xharggd, executed, effecred, completed, comptied w'nh and abided ~y, then in elther ot any svch eveM the sa~d ag gregate sum mentioncd in sa;d prom~ssory note then remaining unpaid, with intere3t accrued, and all mo~eys secured Fkreby, shalt become due and pay~ ab~e forthwith, w thereatter, at the option oE said MORiGAGEE, as fully and compteiely as if alf of the said sums of money were w~gi~ally s~~pulated ?o be pa;d on suth day, anything in sa;d promisswy note o~ in this Mortgage !o the con~rary notwithstanding; and thereupon or thereafte~ at the option of said MORTGAGEE, without rsotice w demand, suit at law or in equity, thercfae a thereafter begu~, may be prosetuted as if all moneys secured htreby had matured pno~ to rts institution. 7. That in t}~e event lhat at fhe beginn;ng of or at any time pending any suit upon this Mwtgage, or to fweclose it, or to reform it, or to enforce payment of s~y claims hereundes, said MORTGAGEE sha!! apply to the Court having jur~sd~ction thereof lor the appointment of a Receiver, such Court shatl iorthwith appoint a receiver of said mortgaged Rroperty a11 and singular, irrctud+ng all and singular the income, prof~ts, iuues and revenues from whatevtr scurce derived, each and every of which, it be~ng expressly understood, is hereby mortgaged ss if speutically set forth and deauibed in the gra~ting and hnbendum clauses hereof, and such Receiver shall have a~l the broad and effective funU~ons and powers i~ anywise entru3ted by a Court to a Recelvsr, and i~ch ap;.o;nrment shall be made by such Court ss an admitted equify and a malter of absolute right to said MORTGAGEE, and without reference to the adequacy w inadequaty of the value of the property mprtgaged or to the so~verxy or insolvency oi said MORTGAGOR oz the defendants, and that such rents, profits, income, iuues and revenues :hall be applied by such Rete+v~r accord~ng to the lien or equity of said MORTGAGEE and the pr~ctice of such CouA. . 8. To duly, pramptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, ~greements, conditiona and covenams m sa~d promisswy nose and th~s mwt9age set forrh. - 9_ That in the event the ownership of the mortgaged prem;ses, or any pa~f thereof, becomes vested in a perwn other tha~ the MORTGAGOR, the h'.ORTGAGEE, its successws and ass~gns, may, without notice to the MORTGAOR, deal with such succeuw a successor in interest with referarxe to this mor~gage and the debt hereby secured in the same man~r as with Mortgagor without in any way vitiating pr d~xhargeruJ the Mortgagors' liability 1?era unde~ a upon the debt hereby secured. No sale of the p~emises hereby mortgaged and no forbearante on the part of the ?AORTGAGEE a its svccesson a ~u;gm and no extension of the tirrx fw the payment of the debt hereby secured given by ~he MORTGAGEE o? its successora or auigns, stwll operate eo reiease, d~scharge, modify change a afftct tl~e orig;nal Iiab~Lty of thr MORiGAGOR herein, either in whole a in patt. 10. It is spec~fically agreed thst fime is of the easence of this to~traU and that no waSver of any obl'~gation hereunder or of fhe obl'igatio~ sr cured hereby shali at any time thereafter be he:d to be a waiver of the terms hereof or of the instrumenl setured herby. 11. In add~tio:+ to the fwego'ng monthly payments of princ'pal and interest required by the prom~sscry note secured hereby, mortgagor covenants and agrees to pay to mortgagee wi:h eath monthly payrnent an add;rional sum est~n:ated by mortgagee to be equal to 1% 12 of the annual cost of the follow- ~ng: A-Alt reat properfy taxes levix3 or assessed against the above described real estate. " B-Premivms on fire a~d windsto:m insurar.ce as herein requ;red to be carried on the improvements situate on the abOve destribed paemises. C-Premiums on svch morrgage guaranty inswar.te as mwtgagee sha11 from t~me to time deem fit to carry on the loan secured hereby. Mwtgagee shail from t~me to ti:ne nor~fy mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ca~abie on the due aate of the neat month;y paymen~ and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such a•~ourtr_ Such sums sF.ail be applied by morrgayee roward the payme~t of real property taxes, insuran~e prem:ums, and mortgage guaranty insuranse F•emiums. IN YIITNESS YlHfREOf, the said MORTGAGOR has hereunto ut his hand and seal the day and ar rst aforesaid. ^ gned, Sealed a delivered in the presence of: ~ / +Q ,r' HO C 1 O 8h a~ i ~ ~fii/ .r~Cc «-~n Cecilia Bahamon ~~,p STATf OF FLORIDA ' ST. LUCIE ~ couNrr oF _ j - Before me personafly appeared HOrdClO Bahanon ~?~~~~~~~i~ ' a~ . . - i~~ . ' ' Ceeilia Bahamon h;s wife, to I~e nd rt~18'ot~ to be i mC~""pJ "~yyV.P • ; the individwls dexribed in and who executed the foregoing imt?ument, and acknowiedged before me that ihe~,e~e4aRL~d the ~i'a~''~qr~t~q:.purpoaes therein expressed. And the sai ~C117.d BdZ1~0A L, ~ ~ ~,~re ot ~~d Horaeio Bahamon : l.~ ~ ~s~. P.~~ ~rea ~•~~afs ` examinatlon by me taken separate and apart from her said husband, atknowledged ro and before me that tbe ojfeQ,rped ~id =rW~rt1 f(eel~r~d yoiurr se i rarily and w~thout any compulsion, constraint, apprehension, or fear of ot from her said husband. • • WIThE$S my hand and officiaf seal this 1 SL day of au u8t ~ d+C ~.~?~,Q, 19~~ ' ' ~ ,~ti Notary Publk in and for the ~ te of f nd~ it large Return To: My Commission eapi~es: Firsr Federal Sa~~ngs 3 loan Assouat~on N~TARY PUSUC, STATE o! FLORIDA at LARCE ~f Fort Pe:ce. MY C7L~}.S~$$tdi'~ ~~Rt$ ~Jr. 1~~ B~:f~2d ~ filltElICBA BdAe0S3 ~ltSUf2I1Cg C0. Fort Pierce, florida ^ J^^ r b't! ~ z; This Instrument Pre red B J. H. Roberts Jr. . f~``'~~a'~' ~=r ?~f0 ~ ~ y ~ , ~ . J:iYi. rl.'~. ~ First Federal Savings 8 Loan Association 5~;c :~a *ze~ ~ ' of Fort Pierce~ Florida f=~"~ ~'~~%-t+t 4~jcl4T ~fr^ ;Ct=~ Checked By ~(j~ ~ `t ~5 I H'73 ~ ~~~K 217 PAGE 512 - ~ _ , : . . ~ z ~ - - . ~ . . . . , _ , _ _ ~.r _ ~