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Home My WebLink About1323 J. io plsce and continuouily keep on fhe bu+ldings now or herea(ter ~~Wete on aald land and o~ all equ~pment and perionally cove:ed by th~s mw~g- ~g~, with all p~emiumt thereon pa.d in lull, frte imurance ~n rhe usual s~awdard po6cy form, in a ~um app~o~ed by the MORCGAGEE, and wi+~ds~onn inauraece in tM uawl s~andard pot,cy (wm, in a sum ~pp~oved by ~he MORIGAGFE, in such company o~ canpan:es aa the MORTGAGEE may diretl; and all lire and windstorm insurance policies on aoy of sa~d build~nfls, any intcresl tl~e~e~n or part the~eof, in 1he aggregate wm atoro~aid w' In axte» thereof, shall cor,tain ~M ut~~al s~andard mwtgages claute w wch oiher ctau~e as the Mo~rgagee may ~eqwr~, making the ~oss undr~ ie~d poli- ' cies, rxh and every, payable to said MflRIGAGEE a~ n~ imere~l may appear, and eacA and every auth poticy ~hall be promptly ass gned and drlivered ~o ~ny Aeld 6y said MOR(GAGEE si funher security to ia~d ma~gage debt, and, no~ ~es~ than ten (10) days in advance of the eapiranon o~ each pol~cy, to ds- liwr 1o uid MORTGAGEE a ~enewal thereof, togerher with a receipt for the p.nm;um of such ~enewal; and there ihall be no i~re or windstorin inxura~ce pl~ced on any bf said buildings, any i~tereq thereen o~ part thereof, unless in ~he form and with the lou payable as aforeaaid; and in the e~ent any sum of money becorr+es payable uoda such policy p poliues u~d MORiGAGEE ~hatl have the opt~on to ~ecaive and apply the same oo accoum of ihe i~~dabted- neu secvred heieby w ro perm~~ said MORTGAGORS to receive and uae it p any par~ thereof to. o~her pw~wses. ~v~~hout ih_~t o~ ~va~~ing o~ ~~~~pa~r- ing any equity, Iien w right under w by virtve of this mortgsge; a~d in the event said MORiGAGORS sha~l for any reason (ail to keep ~he sard premises so insured, or fail fo deliver p.omptly any ot sdid policiei of insv~ance to said MORTGAGEE, o~ fail p+omptty to pay fu11y any pre~»iu~n therefw or in a~y retpett (ait ro pe~forrn, discharge, exetute, eifett, cort~plete, comply with and abide by th~s cove~ant, a any part hzreof, sn~d MORTGAGEE may ptace and pay fw such insurance or any part thereof without wslving or aifadiny any opNOn, 1ien, equity, or right under or by virtue of this M«tgsge, a~d ~he 4u!! amouM of each and evc~y auch payment sha~l be immediately due and payable and shall bear interest from fhe date ~hereoi until pa~d at the ra?e ol n~ne pcr centum per annum and to.~ether wi~h such interesl shall be srcured by fhe (ien of this mortgage. 4. To permit. commil w suffer no waste, impairment a deteriorat~on of saed property or any pa+f the~eof. 5. To pay all and sinqula~ 1ix costs, charges snd expenses, includ~ng a reasonable attw~ey's fee and cos~s of abstracts of ti~te, incur~ed or pa~d ai any time by sa~d MORTGAGEE, because a in the evenf of the fa~luro on tFw part of the said MORTGAGOR to duly, promptly and Eully perform, d~xharge. exrcute, effecL complete, comply with and ab:de by each a~d every the stipulations, ag~ee~nents, condit~ons, and covenanrs of said pro/n~ssory note a~d ~his mwtgage any or e~rFro~, and sa~d costs, charges and e:penses, each and every, shall be immediately due and payabie; whe~her o? not there be no~ice de mand, a/tempt to co11tc1 ot fuit pand~ng; and the full amount of each and every such payme~t shall bear inrerest from rhe dare thereof until paid at the .ate of n:ne per cemum per annum; and all said costs; cha~ges and e~penses incvrred or paid, logether with suth imerest, shaU be secured by the lien af thi~ mors9ays. - 6. That (a) in the event of any breach of this Mortgage or delault on the part of the MORTGAGOR, w(b) in the event a~y of sa:d sums of money herein referred to be not pranptly and tu~ly paid wifhin th~rty (301 days next afte? the same seve+ally bccome due and payable, without deaiand or noiite. or (c) in the event each and every the stiputations, a9reements, conditions and covenanta of u:d p~omissory ~ote and th~s mwtgage any or either are not ~uly, promptly and fully performed, d~scharged, executed, e1lected, completed, compf~ed witA aRd abided 5y, then in e~1he? or any such event the said ag gregate sum mentioned in said pron~issoay note then remaining unpaid, with interest accrued, and ail moneys secu~ed hereby, shall become d~e and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, aa fully ard comple~ely as if a!I of the said sums of money were o~~gineity sr~pu~ated to be pa~d on suth day, anything in sa:d p:o+n~ssory note w in this Mortgage to the con~rary notw~thstanding; and thereupon w the~eafter at ihe op~ion o! said MORTGAGEE, without nor~ce or demand, suit at Iaw or io eqwty, thereiere ot tFxreafter begun, may be prosecuted as if all mone~s setured hereby had matured pnw lo ~ts institution. 7. Thal i~ the event that at the beginning of or at any time pending any suit upon this Mortgage, or to fwectose it, or to reform i1, or to enforce payment of any claims hereunder, said MORiGAGfE shall apply to the Court hjving jurisd~ctiars thereof for the appomtmeM of a Receiver, such tourt shall iorthwith appoint a rece~ver of said mortgaged proQerty all and s~ngula?, includ+ng all and singuiar the irtcome, prof~ts, issues and revenues Irom what~ver source de~ived, each and every oi wh~ch, if being express~y unde~stood, ii hereby mortgaged as if specifically set forth and defcribed in the granting and habendum clauses herco:, and such Receiver shalf have a~l the broad and effect~ve funct~ons and powers in anywise enNufjed by a Co~~t to a Receiver, a~d s;.ch appointment shatl be made by such Court as an admitred equity and a matrer of absolute right to said MORTCsAGE and withoot reierence to the edequacy or inadequacy of ihe value of the property mortgaged or to the sorvency or insolvency of said MORTGAG~I^~ the defrndants, and that such rents, proiits, income, iuues and reveoues shall be applied by such Reteiver according to the tien w equity of said MORTGAGEE and 1he practice of such Court, 8. To duly, promptly and fuily perform, dis:harge, ezecute, effect, compiete, comply with and abide by each and eve~y the stipulations, agre¢ments, conditions and covenants in sa~d prumissory note and th;s mortgage set forlh. 9. That in the event the ownenhip of the mo~tgaged premises, w any parf thereoi, becomes vested in a person ofher than 1F~e MORTC-AGOR, the htOR?GAGEE, its successas and ass~gns, may, wi~hout noTice to the MORTGAOR, deal with SUCh sutcessw w wccesso~ in interes~ wi~h reference to thia ~~ortgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vit~atiny or d~uharging the Mortqagors' tiabiiity herr ~nder w upon the debt hereby secured_ IYo sair of the Fremises hereby mo~~gaged nnd no forbearance on the part of the MORTGAGEE w its successors or asi~gns and no exte~sion of the t~me fw the payment of the debt hereby secured given by the NIORTGAGEE or its succesaors or ass~gns, ahatl operate ro release, d~scharge, modity change or afFect the original liab~tity of ~he MORiGAGOR herein, either %n whole or in part. 10. It is apec~fical{y agreed thaf time is of the essence of tkis conrract and that ~o waive? of any obligation hereunder w of Ihe obligat'an so- cured hereby shatl ai any time thereafter be he:d to be a waiver of the terms hereof or of the instr~ment secured herby. 11. In addnio~ to the fwzgo'ng m.onthly payments of princ pal and intzrest requfred by the prom~ssary no~e secured hereby, mortgagar co~enants and agrees to pay to mortyagee with each rswnahly pay~~lent an add~~ional sum esnrnated by mortgagee to be eqval to 1 jl2 of the annual cost of the follow- irtg: A-All real propeny taars levfed or assessed agaiost fne above descrbed real estate. . &-Premtums on fire and windsrorm insurar.ce as nere~n requ~red to be carried on the improveme~ts situate on tFe above dexribed premises. C-Premiums on such mortgage gua~anty irtsvrance as mortgagee shatl from Rme to time deem fit to caray on the loan secured hereby. Mortgagee shall from rime to t~me natify mor?gagor in writing of the arr:ount due and payable hereu~der and such sum shat~ thereupon be due and , Fayable on the due ciate of the next month!y paymem and each successive month thereafter ur.tit mortgagee shall notify mortgagor of a change in socF a~:ount. $uch sums shail be appiied by mortgagee toward the payment ot real property taxes, insurance prem:ums, a~id mortgage guaranty insurance p~emiums. , • IN WI SS 4VHEREOf, e uid MORTGAGOR has her unto ut his hand and seal the day and year firat afuesaid. S' aled a ver~ ' ~ esence of: ~ ffLfO AMD AEtARDEf ~ • ~ fT. WCtE Cfl11M1~ ~ a~ ~ ' ROG~fi ~pITR~S - (Seaq ~ CLERIC Cti+ CU~ COURT ~ a• sinqle t i RECORO Vc~~~1EDi•~~~ ts~a0 ~ ` 3 ~2 4? PM ~Z~ c~an S7ATE OF FLORIDA ~ coutinr oF St. L,ucie j~ 2'72`7'7~ ' Before me perwnally appeared - W.11218~1 ,j. Forbes, a single 8C~111t " hfs-~ife, to me we11 known and known to me to be ~ rhe individuat descr'~bed in and w}w executed the fwegoing instrument, and acknow{edged before me that he executed the same :or the purposes ' rherein expressed. -Md ~he-se+~ € ~Oitl~O} 1{IeZ~Q y,()Oq. i iC~it~i9~ if1i~ ~i~ti~! wxw~wi~io~-by rne~ak~se~d eper~ ~ro~+-he?-s~id ~rsbawd, -eekwawkdged ~o-an~ iefK? w~s ~t-a1~~ s~esuxi w~id-iwswwwewt-i~l~. ~r~-vol.iir tarll~c arrdyvit~oui any.corapukiw~. cos~suaiwr. ~PPr~t+easio:? -os 1wc. ot-os ~wm ' F~isbawd. ' WlINESS my hand and official seal this Znd day Janua r q. D. 19 74 Notary Public in ~and for the State of florida at large _ My Commission expires: Retu~n To: First federal Savings d~ Loa~ Association £ Of Fort P,e~ce. :ti. - , ! ' . . • ,r . :t ~ , ~ ^ j fori Pierce. ftorida . ~ i . . . , - 4 ` ~r ~i~ Vx . _ h..: c.. ~•~`~_y ~ , ; ~ fi 'r'° . ~ ; This Instrument Prepared By Wm. E. Braun : ~ First Federal Savings 8~ Loan Association ~ ; of Fort Pierce , Florida ~ ' ' ~°~i3 " • l. i!r . c~,. . ; ~ •N'~ 3 ~ , i'••• •~Y ; Checked By . • ,~f Y• , _.~;d- ; j;~ 0 r~q y h 800K~a~.(? P~GE~e~ '.1 i i ~ . - . . ~ : . . i r ^m~~:?= '2 ~''r.....~ ~ .~e.s ~ a