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Home My WebLink About2201 1 To ptsce a~+d contirw,a:si~ teep on t!x bu~:d~nga Row o~ hereafter ~ituate on said ~snd and on all equipmenl and personally covercd by this mortg~ g~, rr~A ~q prcen.wRa t~::~n pa,d in full, f~re insu~ance i~ the usual sra~dard po~ity form, in a•um approved by the MORTGAGEE, and windstorm +a~xance as ehe ~s~al srand+.d pol~c~r fam, in s wm approvcd by the MORTGAGEE, in such company w canpan~es as the MORiGAGEE may ~reck ane! aN Gr~ and w~rKbw~m inw~ance Fo~K~es on ~ny of sa~d buHd~opi, any in~eresl therei~ or pa?~ thereo(, in the aggreg~te sum afwesaid or in eaoeaa ehereof, al+~it cont:;n the uwal uandard moregagee clauss a such othsr ciauis +s tM Mat9ages may ~equ~rs, making the los~ under ia~d po~~ c~ea, exh ind t•ery, payabis w s~~d AM7RTGAGEE as ip interest ma ~ and esch and •ve? tuch -~'>O rom tl ass. ~ed and deGvered to Y PP~u. Y W: ~s P P Y 9 ~q Ae'1d by sa:d 1NORIGAGfE as furtAa security to aaid mo+tga9~ debt, and, not les~ than te~ (10) dayi in advarxe of ~he expiration of each poficy, to dr liw b sa:d MO~TGAa'sEF a~enewal thcreof, toyaMr with a rece~p~ fa Ihe prem~um of such renewal; arx! t1~e~e ihall be no flre or w7ndswrm insurance plapd an s~ry cf sud b~:ldrga, any interssl thsrein ot part thereo(, un~ess in th~ form and with IM Iou payabk as a(wesaid; a~d in the event any tum d~ beca*~ea payabte ~x~d~r~ wch pwicy o~ pol~cies said.MORTGAGEE shall havs the opt~on w receive and apply the ~ame on account of ~he indcb!rd- ++ar yacy.ed A~.eby w q permi~ sa~d MORiGAGORS to rcceive and us~ i1 a any pa~t thereof for othcr pur~~osrs, v~~~ho~t ~hs.cu~ ~ve~~iog o~ u~.palr- i~y anp equ.y, ken o~ r:gh~ under or by vinue of ~hia mos!gagr, snd i~ ths ~vent uid MORTGAGORS shall ia any reason fail to keep the sa~d p~emisrs so e+swed or faii b del~vs. :+~++ptly any of said pol~ties of insurante to sa~d MORTGAGEE, a fail promprly to pay fully any pre~nium tF~erefw or in any respec* fa:t b pe~fwnw, d~scha~ge, e~ecun, effM, complete, comply wi~h ~nd abide by this covenan~, a any part hereof, said MORTGAGEE may pf~ce and par ior s„d~ ~ns~ranor w ~ny part thereof w~rhout waivi~g a affecting any opt~on, lisn, equity, or right vnde~ or by virtue of this Mortflaye, and the fvtl arew„iy o! each and every such paymcnt shall be immediately dw and payable and thall bear interest from the date ~hcreoi ~ntil paid at the rate ol ~v~e per cennxn pcr a.~vwm y~d *a,~thrr w~th such imerest shail i~e secured by the lien of this matgage. ~ To pe~+n:t, ~orerrrt w wffer no waste, impairment a deteraratan of uid propNty o~ any parl thereof. S. To par aft and sinqular the coats, cMrges and expenses, includirg a reasonable attaney i ice and costs of ab~trotts of t+tle, incu?red or paid at x?~r tinee bp sa:d MO~tTGASfE, ~eciuse or in the evcnt of the failure on the part of ~he said MORTGAGOR ~o duly, p~omptly snd fv~ly per(wm, d~uhsrge. e~ecusti sffect, mnFtet~, comply w~tR and ab:de by each and evcry the stipula~~ons, agreemenb, conditions, and cove~ants of said p~omiswry r?ote and thi~ ~wrg~e any or e+dw, and sa:d coats. charqes and expenses, each and every, shall be immediately due a~d payable; whefher w not ~here be ~orice do- R~ar~ anempt a co-iect w su+t pend.ng; and the full ainount of each end every such payment shall bear interest from ~he date thereof until paid at the ~arc o~ ~e oc~ cer:rwn FCf i(LIIVT~ arK: alf said costs. cFwrgrs and cxpenses incurred or paid. together w~th such interesl, shall be secured by the lier. _E ~tiis ~?orf~a9~- b, Tirt (~T in ?he event of arty b~cxh of this Mortgage w default on the part of the MORTGAGOR, or (b) in tM event any of said sumi oi mon~y fserein referred b oe not prampriy and fuNy paid within th~rty (30) days ~exl atter Ihe same severally become due snd payable, withou~ demand or no~ice, or t~ :n A~e ewem eacfi and every the stipu'aTwns, sgrremen+s. cw+ditian end coveRanfs of aa~d p~on»ssay ~o~e a.,d fh:s mo+fgaga any or- either are nol iu.*y,'pro~My sne! fv!t7 perian+ed, d:~sc~+a*geel, executed, effected. co~npkted. complied witl~ and ~bided by. ~hen in l:~t+er.or any iuch avent the sa~d ag~ gr~~ ~~~nrrx~ed in said promisswy note then rcmaining vnpaid, witA iMere~1 accrued, and all moneys sewred hereby, shall betome due and pay- ~ae iwtlrrulti or nc~reafter, a~ tht opnon of sa~d MORTGAGEE, u fully and comp~e+ely as if a?1 of the said sums of money were o~~ginslly stipufated !o be pa:d m wd+ da~, u+yth+ng ~n sa.d prom~uory note o. in this Mortgage to Yne co~trary norw~~hstanding; and thereupon w thereaftm ~t ~he opt~on of sa d MORTGAGEE, w~nc~ut nonce o? demand, wit at law or in equity, thereiwe or therealter begun, may be prosecuted as if all moneys secured heroby r~,d n~tured prar a~ts ir+st~rutwtL . 7_ TAit in tF+e e.-ent rhar at rhe beg~nn~ng of or at any time pending any su+t upon this Mortgage, or to torectose it, or to reform it, or to enforce ~a~ oi any r.'auns he+eunder, xid MORTGAGEE shatl apply iu ~he Court having jurisdiuion thereol for the appointr~xN of a Recei~er, such Cowt shall iutlv,r:d~ a~po:nt ~ recr~ver of saw! martgaged property all and s~ngular, includmg all snd singular the. income, {xofits, issues and +even~(ps from whateve~ s,;-,rce deiived, each ~nd every of wh~ch, i~ be~ng expressly understood, is hereby mortgaged as if spec~fically set•fwth and described in the 9ranting and !ti~erdum cixrses hereof, and s.rd+ Rece+ver shall ha~e all the broad and efieuive funcnons a~d powers in anywise emrusted by a Court to a Receiver, and s_;h aF~v:r?ane~u shai~ be made by such Court as an adm~tted equity and a matter of absolute right to said MORTGAGEE, end wahout reference to tM a~-_q..acy or N++dequacy of rhr va.ue of the properly mo~tgaged or to Ihe soiventy or insotvPncy of sa~d'M~iR~us+GOR a 1'he,defe~de~+n, and thal such ••-~~s, profsts, incane, iswes and rMre+~~es shati be applied by such Rcceiver atcordmg to ehe ~ien or equity of said MORTGAGEE ~nd the practice oT such Coutt. . ~ To du.'y, p~omptly and fuiiy pe.form, discharge, execute, ef(ect, complete, comp~y with and abide by each and every the stipulations, agreements, cord.r;ons and covenar-as >n sa~d promiasory norc and fhis mortgage ut fath. 9_ That in rhe ev~nt rhe ownersh~p of rhe mortgaged paemises, or any part tt~ereof, becomes vested in a person orher tFun the MORTGAGOR, the t~RiGAGEE, ies wccessora and auiqns, may, wi~hovt notice to the MORTGP.OR, deal with such succesior a successor in interest with referente to this +--cysg~ ~ rFK debt hercby secured in the same rtunner as with Mortgagu without in any way vitiating or d~uha~ging the Mort9sgors' liability here- ~-~er or ~ipon M+~ deet hereby secu.ed. No sale of the Frem~xs hereby mortgaged and no fwbearance on the pa~t of ~he MORTGAGEE w its successo~s e+ ns:gra a,d no eare++s:on of the s:me for the payment of the debt hereby secured g7ven by the MORTGAGEE or i~s t~ccessors o? au~gns, shall operate ro re:csx, d.scharge, nwd~fy char.ge or affKt the wig~nal IiabJ~ry of the N10RTGAGOR herein, either in whole w in parl. 1Q h a s~ec: ec3=.y agreed ~hat tene is of the euence of this contract and thst no waiver of any obl~ga~~on hereunder u of the obligaYan sr u-ed hereby ikae: as a~y t~.z:e ~hereafter be held ro be a waiver of the terms hereof w of the instrument secured herby. ! L[n add.:.c~ so Me forege ~+g mo~tn~y payments of ~.inc pal and inrerest required by the prom~ssory noie secured hereby, mortgagor covenants a-d igr-es to pay so rr.atgagee ~w:rh ea:h mo~miy pay..:em an add~r.ooal wm esnmared by mortgagee to be equaf to 1 j 12 of the annua{ cost of the follow- ^j. A-I11t rea: properry sa:n fev:rd or assess~d agair,st t1~c above described real estate. B-Frrr•~~s w~ f,re acd w~r.dsram ir.wrac~e as neie~n requ:red lo be ca~ried on the improvements situate on the above described premises. , C-Prerr-.~s on s~~ch rnortgage guaranty irsura..ce as mo=tgagee shall from rime to t~me deem fit to carry on the loan secured heieby. Abr~qagee shr.f f•am n.ne to t~me notify mo~tgagor in writi~~g of the amount due and payable hereunder and such sum shall thereupon be due and ' _,,3ySe w. si.t d.,e oar~ s~se ne:t m.o.ztn:y payment and e~ch succeuive month thereafter ur.til morigagee shall otif mor agor of a cbange in such ~ =-~s~nt_ Such s.+ms sha:i be appiied by marrgagee to-rvard the payment of real property taxes, insuran,e u ~~d m tg~ uar ty insurance _ u:u~'res- : - - y , _ - - - i 1it t!rlTtifSS ;titi'.RfOF, rtx sa~d AAORTGAGOR has hereunto set h+s hand and seal the da a~d ar f' s; af esaid. i S"9"'ed Seakd and de±iv d in the presence of: ~ +L~ t ' % ~ Phil P. Petersen ~ (Ses~ ; Seal) ~ Pal R. Qt6YSQl1 t$ea0 € ~ S~:.TE Of RORIDA SS_ ~'v:t*fiY pF St _ i_uCie 1 ~„a,,;~Y ,~a,~ Phil P. Petersen ~al F. Petersen h;, wife, to me well known snd krawn to me to be ~ r%+e indridw:s descr:bed in x~d who executed the fwegoing instrumenf, and acknowledged befwe me that they executed the sartx fo~ the p~rpoaa „Y,~ ~ ~ Opal F . Petersen : . r,;, ~ ~,,;d Phil P_ Petersen uqo1?~t~~.~e°.'an~ p.7ve~s ~ e.a-~ir.ar:on by me ta~en separate and apan from her said husband, scknowledged to a~ before me that she executed ~aidcLl~sliUment ~reely~'aryd volun- ~ ~a-~:y ard vr~tkaA arhr co~r:pvision, cortstra~nt, apprehens ~/or fear of w from her said husband. , ~ ~ WR.VESS mr hared and oifie;ai seal thii day e{ .:6~.~~1.J~~3~ ~ . , _ ~ , - • r My Commisiwn expircs: , ~ ~ . - , , ~,•~v' ~ Peturn Ta • . ~ Q > ~ - . Fsu Fede~a~ saYings a toan nss«~ar:o~ ~~j . A: • , • ' O~ fort F arce. ~ t: f~.r P:erca Ftc,~~~3 NOTARY PUBUr,. STAT~'N• F.?,~.~,Rl~~.at 1~~t8E ?~Y CO•,:,~~ F'.;?LS OEC. 29. 1975 . . z~` ~ ~ This fnstrument Prepared By John W. Collins FI~ED AMD itECi~l~~~~~ First federaf Savings b loan Association gT. ~UCIf GOUMTY ~ of Fort Pierce , Florida ROCER ?OtTRAi CIERK Ct~CU1T COU~t - I aY o~ REC02~ VFF~F~EO ~ S~ 18 9 4~ ~N'73 ~ . ~ ~R 263889 ~ ~ BC~K~~ PAGE~~ ~ ; - _ _ - - - ~ 3 s, ~ -w ~ - - , .;n~" - C~: e'~_J a.~„-2~`~~ . : a.+",t~~'~