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Home My WebLink About1662 . ~ ? • ••i to placs end cont~nuo~sly keep on the bui:dings now w hereairer ~ituate on said I~nd and on ell equipmen~ and perionstly covered by ~h;s mortg~ sqe, with •N premiumf ~hereon pa+d io Full, tire insurance in the usuat sraixlsrd pofity form, in • wm approved b/ Ihe MOR=GAGfE, a~~d winds~am ~~surance in ~M utual s~andard pol,cy 1orm, in a wm approved by ~1» MORTGAGEE, in ~uch company or compa~~es ~s ~M A10R(GAGEE may d~ractt and atl fire and w~ndito~m in~urante pot~cies o~ any of sa~d b~ild~nQs, ~ny interQil the~een or p~n ~hereo(, in the agyregs~e sum •foreia~d w in ~xtess ~hereof, shall coMaln the usual standard mw~gaQce dause a such other clauss ai /M Mor~yagce may ~equ~re, makinp the toss uodsr ss~d pol'r c~ai, each and every, payab~e to sa~d MORiGAGEE a~ its inte~eit mey ~ppear, a~d each and eve~y such poticy shall be promp~ty a~s gned ar~d de1ivercd ~o any held by ta~d MORIGAGEF ss funher secwity to said mor~gage debt, and, nof less than ten (10) days in advance ol the exp~ratio~ 01 each policy, to de- G+er to wid MORTGAGEE a renewal Iher~of, togethx with a rece~pt fo? the pr~mi~m of tuth renewal; and there shall be no f~re o~ windsw~m inswance P~+ted a? any of said buildings, sny intere~l therei~ or part the~sof, vnles~ in the fo~m and wifh IM lou p+yable at atoreuid; snd in 1F~e ave~t any sum of money becomea payable ~nde~ such poiiq or pot~cies said MORTGAGEE ihall have ~he opt~on ~o receive and apply lhe same on account ol ~he i~~lab~ed• ne~s ucwed heraby ot to pt~mit said MORTGAGORS ro reteive ~nd ute et p any part thercof lor otnrr purposes, wrtho~t ~h_~. u~ wa;~in3 c~ unpair- ing any equity, lien or right under a by virlue of this mo-tgage; and In the event said MORTGAGpRS shall tor any rea~on f~il to iceep the s~id Wemise~ so inaured, or fail fo deliver promplty any of said policies of insurante to said MORTGAGEE, o~ tail promp~ly lo pay fully any p.e~n~um ~he~efw or ~n a~y respect tail b pertorm, d~scharge, execure, effect, complste, comply wi~h and ab;ds by this covenant, w any part hereof, said MORiGAGEE may pisce a~d pay fa such insu~ance a ao~ parr ~he~eof wi~hout waiving or a(fecting any option, li~n, equ~ty, or right unde~ a by vi~tue of ~his Ma~gage, and the full amount of eacA and every fuch payment shall Ise immediately due and payable and shall bear interes~ from the data lhcreo) un~il paid at the ~ata of nine pet tentum pN annum and ~o~ethr~ with suth interest shall be secured by the lien of this matgage. , 1. To permit, commil or su(fer np was~e, impairment u deterioration of said properfy or sny part thereof. 5. To pay ell ar+d sinyular the costs, charges and expenses, ~ncluding a reasonable attwney i fee and costs of abstrodi of title, ir,cu~red or paid st any time by said MORTGAGfE, because or i~ the eveM of ~he ta~lure on the pa~r of the said MORIGAGpR to duly, prompUy and fully por(orm, d~schrrge. execute, etfec~, complete, comply w,th and ab;de by each and every the st~pulat~ons, agreeme~ts, condi?ions, and covenants of said promiawry nole and th~~ .-nortgage •ny w either, and said costs, charges and expenxs, each and every, shall be immediatefy due ~nd payable; whethe~ w not rhere bs norica da mand, attempt to tollect w suit pe~d~ng; and the full amount oi each and every svch payment shail bea? interea~ from Ihe date lhereof until paid N tht ~.~re o! nine per cemum per annu~r, arw~ all said costs, charges and expenses incurred w paid, togother w~th suth interest, shall be secured by the (ien oi this ~ mortgegs. • , 6. That (e) i~ the event of any breach o! t6is JYlwtgage or defaul~ on the part of the MORTGAGOR, w(b) in the event any of sa;d iums of money herein referred to be not prompfly and fully paid wiihin thi~ty i30) daya next atter the aame soverally become due snd payable, withoul demand or notice, or (c) in the event each and every ~he stiputat~ons, agreements, condition: and covenanrs of sa~d promisso~y note and th~a mortgage any or either are not i~ty, premptly and fully per(o~med, d~scharged, executed, effected, comp;eted, complied with and abided ~iy, then in ei~her w any such event the said ag• gregate sum menrioned in said promissory note then remeining unpaid, with inte~es~ accrued, and all mo~eys secured hereby, shall become due a~d pay- eb,e (orthwith, or thereafter, at ~he opr~an ot said MORTGAGEE, as (ully and comple~e~y as i( all of the said wms of money were or~g]nstly s~~pu~ated to be pa~d on such day, anything in sa~d prom~ssory note or in this Mongage to the connary notwithstanding; and thereupon or thereafter a~ the opGon of s~id MORTGAGEE, without not~ce w demand, suit at iaw w in equity, theretwe or iherealter begun, may be psosetWed as if all moneyi secured hHeby nad matured p~~pr to ~ts i~stitution. 7. That in the event that at the beginning o( or at any time pend;ng any suit upon this Mortgage, w to foreclox it, or to reidm it, or to entorce payment of any claims hereunder, said MORiGAGEE shail apply to the Court having ~unsd~ctioo thereof (or the a~ointment of a Receiver, such Court shall iorthwith appoint a receiver of said mortgaged property all and singular, iruf~d,ng atl and singular the income, p~of~ts, issucs and ~evenves from whatever seurce derived, each and every of wh~ch, if being expreasty unders~ood, is he~eby mor~gaged as if spet~fically set fwth and described in the granring and habendum dauses hereo?, ar.d such Reteiver shaU have all ~hr broad and effective fur.chons and powers in anywise em~wted by a Ccurt to a Receiver, and :uch appointment shall be made by such Court as an admined equ~ty and a natter of absolute right to sa~d MORTGAGEE, and without referente to the adequacy q inadeqvacy of the v~fue of Ihe properfy mortgaged or to the so~vency or ~~solvency of said MOR7GAGOR d the defendanfs, and that such rents, profits, :ncome, iuues and revenues shall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE a~sd the practice of such CouA. ' 8. To duly, promptly and fulty pertorm, discharge, execute, etfect, complete, comply with and abide by eath and every fhe stipu:atans, agreements, cor,ditions and covenants in said promissory note ano Ihis mo~tgage set forth_ 9_ That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomea vested in a person other than the MORTGAGOR, the ,ti'.~RTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor a succeswr in interest witA reFerence to this n~ongage and the debf hereby secured in the same manner as with ~~rtgagor w~thout in any way vitiating a dixharging 1he Mortgagori Iiability here- under p upon the debt hereby sec~red. No sele of the premises hereby mcrtgaged and no iorbearance on the pa~t of the MORiGAGEE or its successws or assigns a~d no earension o/ the rime fw the paymenf of the debr hereby secured g:ven by the MORTGAGFE or iis successors or ass;gns, ahall opera~e ro release, d~scharge, modify ~hange or affect the original liao~{~ty of ~he MORTGAGOR herein, either in who{e or in part_ 10. It is spec~ficalty agreed thai time is of the esunce of this contract and that no waiver of any obligat~on hereunder w of the obligation sr cvred hereby ihali at any time thereafter be held to be a wa~ver oi the terms hereof or of fhe instrument secured herby. i 1 T. In add tlon to the (orego'ng monrh!y paymsnts of princ'pa! and interest required by the prom~ssory note secwed hereby, mwtgagor covenants s~d agrees to pay to mortgagee with each monthiy pay~,,ent an add~rional sum est~n:ated by mortgagee to be equal to 1/12 of the ann~al cost oF the follow- fng: A-Ail real prope~ty taxrs lev~zd or assessed agai•~st the above described reaf estate. 8-Aremiums on f;re and windstorm ~nsv~ar,ce as nerein reqv~red 1o be ca+r:ed, on the imp~ovemeots s~tuate on the above desv+bed premises. C-Prem~ums on such mortgage guaranty ir.surar,ce as mortgagee sha~l from t~rre to time deem fit to carry on the loan seeu~ed hereby. Mort a ee sheil 4rom time to time notif mort a or in writi ; 9 9 Y g g ~g of the amount due and payable hereunder ar.d such sum shall ti~eeeupon be due and :3yable on the due date of the next monfh!y payment and each successive month thereafter urtil mwtgagee shall not:fy rrwrtgagor of a change in such i a- o~nt. Such sums s1^ail be app!ied by mortgagee toward the payment of real propeny taxes, insurante prem;ums, and mortgage guaranty insurance c, ~ e miUTf. IN WITNE55 :YNEREOF, the sa~d MORtGA(;pR has hereunto ut his hand and seal the day and year firsl aforesaid. Signed, Seated and delive~ed in the presence oi: f~LED ANO RECOROE~ 1 ap sT pOCE C O~TRAS,~ C~ERK C~RCUtT COURT s~ - - ~ PE~OR~ VEf'Eif~J (Seaij - ~C ~ V ~Z RI ~'73 SeaQ SiATE O~ FLORIDA ~o~~~~r oF St . Lucie _ ~ 26989~ Befwe me peno~atly appeared fi. HODiC~,lIl$ ~ SZ. a~ Dorothy ~I91S ~piC1I1S his wife, to me well known and known to me to be the individvals described in and who executed the fwegoing instrument, and acknowledged befwe me that tlxy executed the same for the ~xrrposes ~herein expresaed. And the said~ ~OrOtfly HarQf S Hopkins Nife of the wid - fi. W. KO }C11'1S f ~I . upon a scpa~are and private e.amination by me ta4en separate and apart ~om her said husband, ackrrowiedged to and befo~e me that she executed wid instrument freely and volun- rari~y and wehovt any compulsio~, constraint, apprehens;q~, or fear of or from her said husband. ' WITNESS my hand and of(icial seal this day of ~CP~Dber 'J~ ~q73 Notary Public ' and r fhe State o(.Hdr'~aatvlar ~ My Commission expirp: ,~`y 4~. Return To: ~ v ' , G firsf federal Savings 3 loaa Association ~ : , _ - ~ • ~ Of fort D;crce. b a~ n V I: - . ; ~ ~ v _ Y Fort Pierce, F~orida ?,jQ Q ~ ~ ' r.,.:~W ,a~. Lo.,r,~:S •.~T ~ ~ ~ Q - ~-s • ~ ~ "~~j',: : ~J` y ~ ~V ~ This Instrument Prepared By Richard K. KdyeS ~ 7 ~~~'~i 4~ First Federal Savings 8 Loan Association '~~~i~,~~rr~~ MN+~~``~`` of Fort Pierce ~ Flo=id~? Checked By ~ BOOIC~z~ ?ACE16S~