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Home My WebLink About1891 ~ To ptact and cont~nuo~ily keep o~ the bui!d~ngs now w hereafta ~~tuate on said land and on all equipment and p~?sonally covered by Ihit mo~~¢ p~, with •II premium~ the~eon pa:d in futl, f~re i~surance i~ ~he uiual srandard pol~cy fwm, in ~•um app~ovtd by the MORjGAGEE, and w~nds~am insur~nc~ in IM uiual s~andard pol~cy form, in a sum app~oved by the MORTGAGEE, in such compa~y or compan~es as tM MORTGAGEE may ~i~Ktj and all firs and w~ndstorm insuronce policies on any of said build~npi, any i~tere~t therein or part thereoi, in the agg~eyare ~um ~fo~esa~d,p~ ~ in ~xceu tl+ereof, ~hall contain ths uaual itandard mor~gagee clause a iuch o~her clavse as ~M Mor~yagee msy requ~rs, makirg the loss unde~ •a~d po1N cies, each and every, payable to seid MORTGAGEE as ~ts in~arrst may appear, and each and every suth pol~cy shall be prompNy ass.gned and detivered to •ny held by said MORTGAGEE as fu~the~ secwity to taid mwtqage debt, and, no~ leu ~han ten (101 deys in advance of the expiration of each policy, to d~- livK to said MORTGAGEE a renewal thereof, togetFur wi~h a rece~pt iw the premium of such renewal; and there shaN be no f~re or winds~oi~n insurance placed pn ~ny ai said buildings, any intere~t therein w part thereof, unless in ths (orm ~nd with tM loss payable ~s a(oresaid; and in the e~ent +ny ium of money bccomis payable under such poliq or policies said MORiGAGEE ~hall have ihe optlon to receive and •pply the ume on accounl of the indebted- neis secu~ed hereby or to permit taid MORTGAGORS to receive +~d u~e it w any part thereof tor otner pu~poses, w:thout ~ha~~ u~ wai+i:~~ or u~~poi~- ~ng any eq~~ty, lien a ~ight under w by virt~e of ~his mo:tgage; and in the event sa~d MORTGAGORS shall (or any reason fail to ktep the said premisai so i~sured, a fail to detiver promplly any of said pol~cies o~ insu~sr?te to taid MORTGAGEE, w fa~! p+omptly to pay fully any pre~nium therefor. or in a~y respect fail to perlwm, discharge, execute, effect, tomptete, comply with and ~bide by thit covenant, a any part F~ereof, said MORTGAGEE may p~+ce ano pay Fw ssxh insurance w sny part thereof without waiving or affecti~~p ~ny oplion, lien, equity, o~ righf unde~ a by virtue of this Mo~tgage, and the full amount of each and every such payment shall be immediately dw and payable snd shall bear interest irom ths da~e thereof un~il paid at tF~e rate ol nine per centum per annum and toqether witA such in~erest shall be secured by the lien of this mortgage. 1. To permit, commit d svtfe~ no waste, impairment or deterioration of sa~d property o? any parf thereoF. S. To pay all and singula~;,the costs, charges and expenses, including a ~easonable attwney i fee and costi of abstratts of title, incurred o? paid et eny time by said MORTGAGEE, because or in the event of the failure on Ihe part of Ihe said MORTGAGOR to duly, p~omptly and fully pe~form, d~scharge_ exxuta, e(fect, complete, comply w~th and ab:de by each and every the efipula~~ons, sgreemenri, conditions, and covenanfs o( sa~d p?omissory note and ~hi~ mortgaye any a ei~her, a~d sa;d costs, charges and expenses, each and e~ery, shalt be immediately d~e and payable; whethe~ w not there be no~ice d~ mand, attempt ~o collect or wit pend~ng; and the full amoum of each and every such payment shall bea~ interes~ from the date thereof u~til paid at the ~ate of nine per centum per an~ium; arx: all said costs, charges and expenses incurred or paid, together w~th such interest, ihall be secured by the lien of thi~ mo1t9~0. 6. That (a) in the event of any Meach of this Mwtgage or defaulr on the part of the MORTGAGOR, a(b) in the event any of satd sums of money herein referred to be not promptly and fully paid within Ihirty (30) days next after fhe same :evmatly become due and payabte, withouf demand a notice, or (c) io the event each and eve~y tF+e stipulauons, agreemeots, cond~tior~s and covenants o~ sa;d promissory note aod th~s mortgage a~y w eiiher are not iuly, promptly and fully performrd, d~scharged, eaecuted, eifected, completed, compl~ed wifh and ab~ded by, then in e~thet or any such event the sa~d ag gregate sum mentioned in said promissuy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall betome d~e and pay ab;e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said. sums ~of money were aigii~sily stipulated to be paid on such day, anything i~ said promissory note w in this Mwtgage to the contrary notwi~hslanding; and thereupon w thereaiter at the op~~on of sa~d MORTGAGEE, without notice w demand, suit at law w in equity, therefore a thereaiter begun, may be proxcuted as if sll moneys setured hereby nad matured pnor to its institution. 7. That in the event that at the beg~nn~ng of or at any time pendir,g any su~t upon th~s Mortgage, w ro faectose it, q to reform it, or to enfwce payment of sny claims hereurtder, said MORTGAGEE shall apply to the Cou~t having jurisdiuion thereof fw the appointmenl of a Re4eiver, such Court shatl forthwirh appoint a receiver of said mortgaged prope~ty all and singular, includ~ng a11 and singular the income, prolits, issues and revenues Irom whatever se~rce derived, each and every of wh~ch, it being expreasiy understood, is he~eby mortgaged as if speci(icatly set (ath and deuribed in tF?e granring and habendum clauses hereof, and such Rccei~er ahaN have all the txoad and effective funct~ons a.~d powe~s in anyw~se entrusted ~y a Court to a Receiver, and s~ch appointme:.t shall be made by such Court as an admined equity and a ma~te? of absolute Nght ro uid MORTGAGEE, and wi~hout reference to the adequacy or inadequaty of the value o1 the property mortgaged or to ~he so~vency or insotventy of ssid MORTGAGOR or the defendants, and that such ~ rems, profils, incotne, issves and revenues shall be applied by such Rcceiver acco~ding to the lien or equiry of said MORTGAGEE and the practice of such Court. 8. To duly, promptly arx) futly perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set forrh. 9. That irt the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ,~'.ORTGAGEE, its successon a~d assigns, may, without notice to the MORTGAOR, deal with s~ch succeasw w successor in interest with ~eference to this n,o~tgage and the debt hereby secured in the same manner as with Mortgago~ w+~hout in any way vitiating or d~xharging the Mortgago~s' liability hero- undrr or upon the debt hereby secured. No sale o( the Fremises hereby mortgaged and no forbearante on the part of the MORTGAGEE or its succeswrs or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate ro release, d~scharge, modify change or affect the orig~nal liab~l+ty of the M.ORTGAGOR Ixrein, either in whole or in psrt. 10_ It is speuficaliy agreed thal time is of the essence of th~s contract and that no waiver of any obligat~on hereunder or of the obligatan sr cured hereby sha11 at a~y time thereafter be held to be a waiver of the terms he~eof or of the instrument secured herby. 11. In add.t~c~ to the foregc~ng monthty payments of princ pal and interest required by the promissory no!e secured hereby, mortgagor covenants ~nd agrees to pay to mortgagee vrith each mon~hiy payrnent an add~rional sum est~~na~ed by mortgagee to be equal to 1 j 12 of the annuai cost of the follow- ~ng: A-All real propert~ taxes leiied or assessed agai~st the above desa~bed real estate. B-Prernfums on fire ar.d windstorm insurar.ce as herein requ;red to be carried on the improvements situate on the above described premises. ' C-Pre~r.~ums on such mortgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha?I from time to time notify mongagor in wr~t~ng of the amount due and psyable hereu~der snd such sum shall thereupon be d~e and r,ayable on the due oare of the next monthiy payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such a•^o~nL Such sums sha:l be applied by mortgagee ~oward the payment of real property taxes, insurance p~em:ums, a~id mortgage guaranty insurance j p~emiums. ! IN V~ITNESS VIHEREOF, the said MORTGAGOR has hereunto xt his hard and seal the day and year first afwesaid. I ~ ed, Sealed and deli rcd in'the {xexnce of: ~ al) 6 _ t5esf) ~ ` (Sealy ; ~ !Sea!) ~ STA:E OF FLORIDA 55. COUNTY OF St . Lucie i Before me personally appeared _ Me1V1I1 C. Denmon s~d i ~Jl ra Denmon his wife, to me well known and krwwn to me,to be ~ rhe individ~als desuibed in and who executed the foregoirg instrumeM, and acknowledged befwe me that they e:ecuted the same for the purposes t rhe~ein expressed. And the said Sandra Denmon ~ N;fe of the said Melvin C. Denmon upon s scpsrate and private : e.amination by me taken ceparate and apart from her said husband, etknowledged to end before me that she exet~ted said instrument freely and vo~urr :an!y and w~thout any ca~npulsion, constraint, apprehens;on, or fear of or from her said husband. ~4~1+:~.~1l~-. ~ WITNESS my ha~d and offic+al seal this 14th , day of Au uSt ~1~~L A. 19 73 :a v~l:~ ! _ _ . ~ ~r _ . ~ p A Gou~~ pE Notary Public in and i the S a1e af lori~' af~lar~ t Y G~ i1LE ~ f~ l~ - ~ Retum To: ~T. LUCIE ~ t p~s ~ My Comm~u'wn exp~r s: = C~ . E~ RT : .h o ..1 ~ first Federal Savings a loan Associat~on CLEp~ ~'1~CV1~ COU ~ v ~ ; R ~ t ~ ~r ~ YERt. tE0 : . ~ ~ ; o ~ ` ; Of Fort P~erce. fIECOAO % rj -.u Q•~ v.. ~ ~ > } fort Pierce. Florida ~ 5S ~N ~'3 ~ : , t ~ ~ .~~.'O` ~ 3 9A : ~ ;:,n~. c ~ i ~ 2ti15 ~s _ , ,..,c,. , ?is~cac~e .,~~r°~`~` ~ This Instrument Prepared By RiCha?rd K. K~?yes `~~1 ~ First Federal Savings & Loan Assouation ~ . of Fort Pierce~ Florida? Checked By j r t 600K ~1~ PAGE 1803 I ~ - - - - - - ~ > ~ _ ~ ~ ~ ~ . s ~Y_ ~ ~