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Home My WebLink About1887 3. To place and conlinuously kcep on fhe bui'd~ngs now o~ heres(ter fituale on sa~d land and on all equipment and pe~swu~tY tovered by lhis mon¢ sge, with ell p+em~ums thrreon pa~d in full, tire i~sur+~ce in the usuel starxlard policy (orm, in a sum approved by th~ MOR~GAG~E, and windstwm insur~nc~ (n ths usual •randard policy fo~m, in + sum approved by the MORTGAGEE, in ~vch company o~ compan~es a~ the MORTGAGEE may d~rcct; and alt (ire and w+nds~orm insuronce pol~ues o~ •~y ot sa~d build~ngs, ~ny inltra~t the~e~~ w p+~~ ~he~rof, in tM sggreys~s ~um ~fo~esaid o~ in excea ~hereof, ihall con~ain the uiual ~tandard mortgages cl~uae o~ such o~her clau~e as the Mor~qage~ may requ~~s, maMirq ~he loas under •a~d pol'r ues, each and every, payablt to sa~d MORTGAGEE as i~s intcrrst may appear, and each and evcry svch pol~cy ihall be promp~iy ass gned a~d delivered +o eny held by uid MORiGAGEE as furlher aecurity to ssid ma~gage debt. and, no~ teu ~han t.n l10) days in sdvance of the expiration oi eath policy, to da li~er to uid MORiGAGEE a renewal tharco(, together with e ~eteip? for Ihe prmnium of tvch ronew+l; and there sMll bs ~0 1~~e or w~ndsto~m insurance piated on sny of said buildings, any inlerssl therein w pa~t thereo(, unlass i~ the form ~nd with tM loss paYable ai elaesaid; ~nd in the evenl any sum of mon~y bccomes payable undcr such'policy w peUcies said MORTGAGEE shall have ~M opt~on to receive e~d ~pply ~M same o+~ account o( ~he indnbted- nru secwed hereby a to permit ~aid MORTGAGORS fo ~eceive and use it or any part the~eof fa osher pwposes, v.i~ho~t ~ha+~o~ woiv~ng o~ ~n~pah- ~ng ~ny equ~ty, I~en a r~ghf u~der w by virtue of this mortga9e; and in 1he evenl ~aid MORTGAGORS shall fp any reason fail to keep the ~aid prem~ses so ~nsured, a(ail ro deliver promp~ty ~ny of said polides ol insurs~ce to sa~d MORiGAGEE, or fail promptly to pay tully any pre=n~um theretor or in a~y reipecr iail ~o perfo~m, d~scharge, e:ecute, e(fect, comp~ete, canply wi~h and abids by thii covenant, a a~y pa~~ F+areoi, said MORTGAGEE msy place a++d pay (w tuch iniurar?ce or sny part thereof witFaut waiving a affectin~ any option, tien, equity, w right under w by virtue of thia Mortgage, and the fvli amoun~ of each and every such payment shal~ be ~mmedi~tely dw and paYable and shall bear interes~ irom the date thereof until paid at the rate ot nme per centum pe~ annum and together with suth inte~est s1u11 lx securcd by the lien of this mortgage. 1. To permit, commit ot suifer no waste, impairment w deterioration of sa~d properry or any ps?t thereof. S. To pay all and singular the costs, charges and expenses, including a reasonable +ttwney i fee and costs of abstraas of NNe, tncurrcd o~ pa7d at any time by sa~d MORTGAGfE, beca~se w in the event of the fa~lure on ~he part of the aaid MORTGAGOR ~o duly, prompNy and fully perfwm, d~uharge. >xecute, e(fM, complete, canply with and ab~de by each and every the stipulat~ens, agreements, conditions, end cavenants o1 ssid promisswy no~e and this mertgage sny w either, and sa~d cosrs, charges and expenses, each and every, sMll be immediately due and payable; whe~her a not the~e bs notice de mand, attempt to cotlec~ w suit pend~ng; and the full amount of each and every_ such payment ~hall bear in~eres? from the date thereof until paid at the r.,r of nioe per centum per annurn; and all said costs, cbarges and expenses incurred o~ paid, togdher w~th such interest, ~hall be secured by the lien of this morf9~0. 6. That (a) in the event of any breach of this Mortgsge w default on the part of the MORTGAGOR, a(b) in the event any of aa~d sums of money herein reier~ed to bs not promptly and fully paid within thirty (30) days next after the same sevaally become due and payable, wi~hout danand or notice, or (c) in the event each and every the stipulations, agreements, candltions and covenants of sa:d promissory note and th~s mort9age any a either are not iuly, promptly and futly performed, d~uharged, executed, effected, completed, complied wiih and abided Sy, then in e~thK or any such event Ihe sa~d a¢ gr¢gate sum menta~d'in said promisswy rwte then remaining unpaid, with interest accrued, and all montys setured hereby, shall betome dut a~d psy- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the w~d sums of money were w~g~nally st~pulated ro be paed on s~ch day, anything in sa:d promiuwy note w in this Mortgage to the comrary notwithstsnding; and Ihereupw? or thereafter at the opt~on of sa~d MORTGAGEE, w~thout not~ce o~ demand, suit at law w in equity, therefwe w th«eairer begun, may be prosecuted u if ~II moneys secured he~eby nad mawrcd pr~or to its institution. ' 7. That in tlx event that at the beginntng of or at any time pending any su~t upon this Mortgags, or to fwecbse it, or fo refwm it, o~ to enforce payment of any cla~ms he.eu:ider, said MORTGAGEE shall apply to the Cour~ having ju~isd~aion thereof fa the appointment of s Receiver, such Court shall icrfhwith appoint a receiver o( said mortgaged property all and singular, includ~~g ali and a~regutar ~he income, prof~ts,- hsues and rev~nues from whatever aource derived, each and every of wh~ch, it being expressly underatood, is here4~y mortgaged as if spec~ficalty set forth and deu~ibed in the g~anting s~d haoendum clauses F~erepf, arxJ such Receiver shatt have all ~he broad and effective funct~ons and powers i~ anyw~se entrusted by a Court 1o a Receiver, and s~ch appointrt+eat shalt be made by suth Court as an admitted equity and a maner of absofute righl to said MORTGAGEE, and witlwut reference to 1ho edequaty o~ inadequacy of the value of the property mortgaged ot to the sorvency or insotvency of said MORTGAGOR w the defendaNS, and tha! such re~~s, prolits, irxome, issves and revei~ues shall be app?Eed by such Receiver acco?d~ng to the lien or equity of said MORTGAGEE and the practice of such CourT. 8. To dufy, promptly and fully pe~fwm, d~scharge, exaute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promiswry note and this mortgage set fwth. 9. That in the event the ow~ership of the mortgaged premises, or any part thereof, becomes vested in a penon other than the MORTGAGOR, the i10RTGAGEE, its successors and ass~gns, may, witF~out no~ice to the MORTGAOR, deal wlth such successw a successor in inlerest wirh reierence to this morrgage and ~he debt hereby secured in the same manner as with Mortgago~ without in any way vitiating w dixharging ihe Mortgagora' Iiability hero- ur.der or upon tht debr hereby secured. No safe of the Fremises hereby mortgaged snd no forbearance on tht part of Ihe MORTGAGEE or its successors ar assig~s snd no extension of the tinse fw tix Fayment of the deb~ hereby secured give~ by the MORTGAGEE w its suctessors o~ auigns, shall operate to releau, d~scharge, modify change or affect the original liab~lity of the MORTGAGOR Furein, either in whole a i~ part. 10. H is spet~t~cally agreed rhat time is of the esse~ce of this contrsct and that no wsiver of any obligation hereunder or of the oblgation se~ cured Fxreby ~hal1 at any time thereafter be held to be a waive~ of the te:ms hereof or of the instrumeni_setured herby. 11. In add~tio~ to the fwego:ng monthly payments of princ'~al a~ +nterest required by the prom:ssory no~e secured he~eby, mortgago~ covenants and agrees to pay to mortgagee with each rromhly payrnent an add~rional sum est~mared by mortgagee to be equal to 1/ 12 of the annual cost of the foilow- t ing: A-All real property taaes lev~ed or assessed agai~~st the above desvibed rea~ estate. ~ B-premiurns on fire and windstorm ~nsurar.ce as here~n requ;red to be carried on the improvements situate on the sbove described premises. ; C-Premiums on such ~:ortgage g~aranty ir.surar:ce as mo~tgagee shal! from t:me to time deem fit to carry on the Ioan secured hereby. 4 ~ Mortgagee shall f~om time to time not~iy mortgagor ~n writ~rg of the amount due and payable hereundrr and such sum shalt thereupon be doe and = ~ a able on the due date of the next ~nonthl ment and each successive month thereaiter urtil mort e shall no?if mort a or of a cha e in such ! f ~ y Y PaY 9M~ Y 9 9 ^9 ~ ~ a~ ount. Such sums sF.ail be apptied by mortgagee toward the payment of reaf property taxes, insura e prem.ums, and mortgage gv anty insurance ~ p•emium3. ~ p i ~ IN Y~ITNESS 'l1HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day nd a furst f eseid. ~ ~ ~Signed. Se~l anc~. ~iver in the presence of: ~ ~{tftlSf?ft/:~~, ~ ~ ~ y ~ - ~ nr, ~ _ - - •a . . = o . - - a ; - _ ' ~~"O~ 2~''_:: > SiATE OF fLORIDA 1 r a~;~ v`` : couNrir oF St . Lucie ~ u- bd 4~ , ~ Clifford Perry ~'.y,~_ ~ ~f+~ , Before me personally appeared +i ~~.,i a^d Raehel Perry his wife, to me well know:+ and known to me to be the individuats described i~ and who exaute~1 thP fore~a ng instrument, and xknowledged befwe me that thty executed the same for the purposes rherein eapressed. And the sai' RdCA@1 g@II)/ ~ Clifford Perry ..~fe of the said upon a sepsrate and private e. aminat~on by me taken separate and apart from her said husband, acknowledged to snd befwe me tFwt she executed said instrument freely and volun- r~-~ly and w~thout any compu!sion, constraint, apprehens~on, or fear of or from her said husband. ' WITNE55 my hand and offic;al seal th+s 13th dsy of Au A. D. 19 73 } ~ i _ Notary Pub~ic in ap?d for tF~ State of Florida at Large ~ My Commissio~ f:pires: . ~ ~ Return To: ~ ~ First Fcdanl Savings 3 Loan Association ~ , ~ , , 't # ~ Of fort P;erce. _ . ~ _c i, i ~'a - # . ~ ~ fort Piarce, florida ~ ~'•«i'~a"`"~ ..a,~ ~ / ~p ~NO RfCQR~E~ ~ This Instrument Prepared By RiChdtd K. Kayes f~,~YCIE CO{lM7Y f1A. First Federal Savings & loan Association R4CEA FOITItAS ~ ~ of Fort Pierce~ Florida ClEf1R CtRCUIT COORT ~ I{ECORO VERIF~EO~...~~ ~ Checked By 3 S4 PA •~3 ~ UR ~ ~ sooK 217 PACE1$79 261592 ~ ~ , : - - - A _ ~ ' - : .a,.. f _ ._,~.M ' .d _ . . _