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Home My WebLink About0810 • • i 3. To p~ace and conrin~ously keep on the bui:din~s now o~ heieafter utua!e on se~d land and on alt eq~ip~nrM and pcr~Onally tover.d by ~h~s mortg- egs, wi~h all premiums ~hrreon pa:J ~n i~tl, fire insura:ue in ~he ~}ual standa~d po~~cy form, in s s~m appro+ed by thc MOR~GAGEE, and w~ndstorm ~nsurance in the usual i~anda~d pol.cy fam, in a sum approvcd by ths MORTGAGEE, in such canpany or compan~e~ ss ~he h10RiGAGEE may dlrect; and all (i~e and windsform in~urance po~ic~es on any o( ~a~d b„+id~ngt, sny inte~as~ therei~ or pe~~ tnereot, io ~he aggregete fum aforesa~d or in e~ccess the-eo(, shall cootain ~ha usual itandard morrgagae dause w such o+hu clause as ~he Mortflagce may requ~ro, ma?ing tt~e loss uncir? »~d poli- cies, sach and every, paya5'e to said hIORTGAGEE as ~~s interest may appea~, and eath and every tuch pol~c/ ahall be promptly ass gned ar.d deiivered to any held by aaid MORTGAGEE as fu~ther security to sa~d mortgage debt, and, no~ leas Ihan ten (10) days in advance of the e~p~~ation of each poi~cy, to de- Irver lo iaid MORIGAOEE s renewal thereof, togethe~ with a receipt 10~ the pramium oi such renewal; and the~e shall kx no t:re or windstonn inwrance placed on any of said bu~ldings, any interest therein or pa~l thereof, unless in the form and with the loss payoble as aforesaid; and in the eva~t any ~um of money becomes payabte undtr s~ch policy w po~~cies said MORTGAGEE ahall have the opt~on to recr~ve and apply the san,e on accoun~ of the indabtrd- ness secwed htreby or ro permit said MORTGAGORS ~o receive and use it p any part Ii~ereoF tor c:nrr pwF,osrs, v. ~hu~t ~h:.~u~ wa~.~:~~ c~ ~~~p~~~- ing any equity, IiM w right undcr or by virtue o1 this mor!gage; and in the event said MORTGAGORS sha!t fw sny reason fail to keep Ihe said p~emis_s so insu~ed, or fail to detive~ prornptiy any of said pol~cies of insurance to ~aid MORiGAGEE, w 1ai~ promptly to pay lully any Fre~n~~~n therefor or in a~y resped (ail lo perfwm, discharge, eaecute, effect, complete, tomply with and abide by fhis cove~ant, w any pa~t he~eoi, sa:d MGRiGAGEE may piace and pey fw such inauranct or ~ny part thereof withoul waivi~g or a((ecting any option, lien, equity, w right unde~ w by vi.tue of this h!wrgage, and the full smount o1 eath and every tuth paymeM shall be i~nmed~ately due and payabie and fhal! ~ear interest from the date thereof unti! poid at the rate ol • rr;ne per centum per annum a~x! to~ethtr w~lh such interest shafl be sec~red by the lien of th~s mortgage. 4. To permit, mmmit or sui(er no waste, impairment w deterioralion of said property or any parf thereof. S. To pay atl and singular the coats, charges and expenses, including a reasonable attorney'~ fee and costs of abstracts of title, incurred w paid at any time b~ aa~d MORTGAGEE, because or in the event of the failure on the pa~t of the said MORTGAGOR to d~ly, prornptly and futly perfam, d~scharge, execute, eftett, tomplete, comply w~1h and abide by each and every the stipulal~ons, agreements, conditions, and covenants of said promisw~y note and this :nortgage any o~ either, and sa:d costs, chargea and eapenses, each and every, shall be immed~ately due and payabie; whether w not there be no~ice da rtiand, attempt to collett ot s~it pend~ng; and the full amount of each and e~ery svch paymenl shall bear interea? ttom Ihe date therrof until paid al the r:~re o1 nine per centum pe:r an~w~~; and alf said cosn, charges and ex~nses inturred or paid, togather w~~h such inrerest, shall be secured by the ticn of thi~ mwtgags. 6. That (a) in the event of any breach of this Mortgage or defaull on the part of the MORTGAGOR, or (b) in 1he eve~~ any of sa~d svms of rtsoney herein referred to lx not pro,nptly and fully paid within ~h~rty t301 days next afte~ the same severalty become due and payabla, wi~houl demand or notice, or (c) in the evem each and every the stipu:anons, agreements, cond~nons and covenants o! sa:d promissory aote and ~h~s mortgage any w either are nol iuly, promptly and (ully perfonned, d:scharged, executcd, effected, completed, complied with and abided 5y, then in either or any such event the said ag- ~~egate sum mentioned in sa~d p~omissory note lhen remaining unpaid, with intere;t accrued, and atl moneys secured hereby, shall betome due and pay- aote forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and complete~y as ii all of the sa~d sums of money were o~~gina~ly st~pwated ro be pa~d on such d~y, anything in sa~d promissory ~ote or in this Mortgage to the conrrary notwithstand~ng; and thereupon or thereafter at the opnon of s~~d MORTGAGEE, wrthout nonce or demand, s~it at law or in eqv~ty, therefore or thereafter begun, may be prosewted as if all moneys secured hercby nad matured pr~w to ~ts institution. - 7. That in the event that at the beginning of or at any time pending a~y suit upon this Mortgage, or to foreclose it, or to reform il, or to enforte pavment of any claims hereunder, sa~d MOR7GAGEE shall apply to ~he Court having jur~sd~ction Ihereof for the appo~ntment of a Receiver, s~ch Courf shall 'orthwith appoint a receiver of said mo~tgaged property all and singular, includ~ng a{I and singutar the income, prof~ts, issues and ~even~es iro~~ whateve~ so~rce derived, each and every of wh~ch, it be~ng exp~essty understood, is hereby mortgaged as if spec~fically set forlh and described in the g~antin~ a~d habendum clauses hereof, and such Receiver shall have all the b~oad a~d effective funct.ons and powers in anyw~se er.eruated by a Cou~t to a Receive~, and s. ch appoinrment shall be made by such Court as an admi~tcd rqu~ty ar.d a matter of absoiute right to sa~d MORTGAGEE, and witheut reference to 1he i ac~eqvacy w inadequacy of the vatue af the property rrortgaged or to the so,vency er insolvency of sa~d MORiGAGOR o~ the defendants, and ~hat s~ch r~~,rs, profits, income, iuues and revenues shall be applied by such Receive~ acwrding to the lien or equity of said MORTGAGEE and the practice of such Court. • ° 8_ To duty, prompNy and fully pe~form, discharge, execute, effect, compiete, compiy with ar.d abide by each end every the stipulations, agreements, } conditions and covenants in sa~d promissory note and this mortgage set fo~th. ~ 9. That in the event the ownenhip of the mortgaged premises, or any part thereol, becomes vestrd in a perwn o~her than the MORTGAGOR, the ; ~•ORTGAGEE, its iv,cessors and ass~gns, may, without no~ice to the MORTGAOR, deal with s~ch successor or wccessor in interest with retere~ce to this mor~gage and the dcbt hereby secured in the same manne~ as w~~h flloitgego. w~thout i~ any way vit~ating or d~xharging the Mortgagori ~iability here- u~~de~ u upon the debt hereby securea. No saie of the premises hereby mo~tgaged ard no forbearance on the part of ~he 1~AORTGAGEE a its svccessan or assigns and no extension of the time for the payment of the deb~ hereby secured given by the MORTGAGEE or its successors or au~gns, s~~all operate ro release, dacha:ge, mod~fy change or affec! the orig~nal Iiab;Gty of the MORIGAGOR here;n, either i~ whole or in part. 10. It is spec~fically agreed that ~ime is of the essence of this contract and that no waiver of any ob~~gat~on hereunder w of the obligat'an se- c~red hereby shali at any time th~reafter be held to be a waiver of Ihe ferms hereol u of Ihe insrrumeM secured herby. 11. Irt aud~~~o~ to the forego n~ rrronti~!y paym~nts of princ pal and interes+ requ~red by the p~om;ssory no!e sccured hcreb~, mortgagor Covenanis a-:d agrees to pay to morlgagee v~~th eath montMy pay~:.ent an add~':onal svm estn:ated by mortgagee to be equal to 1;'12 of the annual tost of the tollow- ~~g: - A-AI! rcal property taars levi_d or assessed aga~•~st th_ above desc*~bed real estate. B- Pren:iums on fire and windsto•m ~nsurar,ce as he:e~n requ~ted to be carried on the improveme~ts situate on the above dc~suibcd premi:es. C-Premiums on such mortg,ge gua!anty ir.sura~ ce as morrgagee shall ~re~+ Y~nze to time deem fit to carry on the loan secured hereby. i Mortgagee shail frcm time to tin;e notify mortyagor in writing of the a:r.oune dve and payable hereunder and such sum shaU thereupon be due and ~ F~'rabte o~ the due date of ~he next month!y payment and each succeas~ve m.onth thereaher until mwtgagee shall not;fy mortgagor of a change in such a•~ovnf. Such sums sHail be ap~.iied by mottgagee toivard the payment of reat property taxes, insvra~ce p~em:u:ns, and mortgage 9uaranty insurance p~emiums. - f IN Y~ITNES$ 'IlHEREOF, the said MORTGAGOR has here~nto set his ha~:d and seal the day and year first aforesaid. ~ Sign , Sealed ar. de ered in e presence f: f ~ - Sean s v _ ~ S.~ Zt~ Sr (Seat) ~ ? - (Seal) ~ - - ~ - aze R. ray cs~an ~ - .~rrr, , • - - ~ ,_C_ i. ~ SiATE OF: :`P~~6 V~~': ~ ` S5. ~ couN~~ of F 9'','~' ~ ~ ~ ~ . ~ ~ ' • ~ ~ . Jaues J.Bray. Sr • a~d _s~~~.p~nooattr ~t;~~€~.:. . - n t.'': ~i~ ~ ~ r =~el F. B r$y his wife, to me well known and knovvn to me to be ~ che iudf~7dyili ddicribad iw:±~~~v6o.•'pxec~ted the foregoing instrument, and acknowledged before me ttwt they exewted the same for tF~e purposes ~ _ ^ ~ ~ • ~.2 ~ rhe~eiri~exjfr~l~`11 +`~jaid~•~~ Zel F. Br~S/ . ~ ,v~fe of`t~~ a•~,s'~ upon a separate and private exam~natidn.by rR(.~f ~}le ~~t~te and apart from her said husba~d, acknowfedged to and before me that she ~xecuted said instrument freely and volun- ~ rarily a~d wiflrout: Afi~cqoKlulsion, constraint, apprehens;on, w(eac of or from her said husband. 7, day or ~pte~ebez A. D. 19 73 WITNE55 my hand and offiual seal this__ f ~ . _ n Notary Public in and for the State of ~ et large My Commission expiresc ~ Retum To: •!-1t:t. q".tl;:d~e2G~R. NOIAR'r First Federal Savings 6 loan Associat~on i'•~ i~~i ~ 1{A SUCK$ f' 1~r;'. O( Fort Ve:ee. I.;Y ~..•.:w_?(iir :"XPIF.:S AUG. ;d; i Furt Pi~~rce. Fbrida f - r-'. s~:. ~r, :~+5: - . , ~ ~ FIlEO aN0 RECOR0E0 ~ This Instrument Pre~ared By Gary F. Bl ltirood ST: LUCIE COUNTY FLA. _ ~ First Federal Savings 8 loan Association ROGER ~QITRAS ~ of Fort Pierce Florida CLERK C~~CUI~ COURT s RfCGaD vER~iIE~ ~u ~ Checked By F.~- ~1 3 9 53 11~ p R n~9 01~ - • BooK ~ Fnc~ 2649~9 ~ sb - _ ~6 . S~~ ~ . . , . , . . _ . . - v~~