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Home My WebLink About0987 To p~ace and cont~nuously keep on the bui:dn~gs now w hereaiter s~tvate on said land and on al1 cq~~pmrnt and per~onally covcred by this morrg- e9s, wi~h al) premiums thereon pa•d in fuil, f~re~ insure~~ce m ~he us~~l ataiKlard po~:cy form, i~ a wm approvrd by ~he MORiGAGEE, and windsto~m insurance in the u~ual stand~rd pol~cy iw~n, in a sum approred by tAe MORiGAGEE, such toinpany or co~~~pan~es ai ~he MORiGAGEE may direch sod all fire and w~nd~to~~T~ insuraoce poGdas on any of said bu~~d~ngs, any intere~t thereio or part thareoi, in the aggiegs~e w~n aforessid or In sxceu ~hereof, shall contain ~he us~a? standard mor~yagee ciause o~ such o~he~ uause as the Mortgagee may requ~re, makiny the loss ~ndr. sa~d poli- cief, each and every, payable to said h10RiGAGEE ss ~ts in~erest may apprai, and each and every wch poi~cy shall be promp~ly ass gned ~~~d delivercd ?o sny held by aeid MORiGAGEE as fu~thar security to said mortgage debt, and, 001 less lhan ten (10) days in advance of the expira~~on of each poGty, to de- Gver to said MORTGAGEE a renewal thereof, loge~ha~ with a reteipl fo~ the premium o) s~ch ~enewal; and ihere shall be no f~re or w~nds~orm insurance plated on any of seid buildu~gs, any interes~ therein or parl therrof, unless in the (orm arsd with ~he loss payable as afwesaid; and in Ihe eveM any sum of money beconx~ payable under such policy o~ poGcios said MORiGAGEE shall have ~he oprion to receive m~d apply ~he sa~ne on account ot Ihe indebtrd- ! ness secured hereby o~ to permit said MORTGAGORS to receive and use i~ w any parl thereof for o:i~cr pu~F~osrs, v.~tho~t tharru~ w~~vin~ cr i~~~pau- ing any equ~ty, lien w right undar w by virtua of this mo::gage; and in Ihe event ia~d MORTGAGORS shall fo? any reason fail lo keep the sa~d premts~s so iniured, o~ iail lo delivcr pranptly any of said polities of insu~ance to said MORTGAGEE, or f~il prort~ptly to pay fully any p~e~»~um therefor or ire a~y respect (ail ro perlwm, d~scharge, execute, efiect, complete, co~nply with and abide by Ihis cove~ant, or any part hereof, said MORTGAGEE may p~ace and pay (or auch insurance or any part thereof without waiving or affocting any option, lien, equ~iy, o? righ~ under or by viriue of ihis Mortgage, a~d the fuil amoum of each and e~~ery such paymeM shall be ~mmediately due and payable and shall b.ar imerest (rom the date ~hereof umil paid at the rate ol nine per centum per annum and to~ether wi~h such interest shet~ be secu~ed by the lien of thu ma~qage. 1. To permit, commit w suffer no waste, impairment w detrrioration of said property or any patt thereof, 5. To pay all and singula~ the costs, charges and expenses, including a reasonable attorney's (ee and costs of abstracts of title, incurred or pa~d at any tim.e by sa~d h10RTGAGEE, because w+n the event of ~he faiture on ~Fx part of the said MORTGAGOR ~o duly, pro~nptty and fu~ly perform, d~echarge, execute, etfec~, complete, compty w~th and ab;da by each and every the stipula~~ons, agreements, conditions, a~d covenants o~ sa~d p~an~ssory note and ihif morrgage any or either, and sa:d costs, cha?gea and expenses, each and every, shall be immed~ately due and payable; whether q not there be notice da mand, atte~npt to co~lect w suit pe~d~ng; and the fvll amounl of each and every such payment shall bear inferest from fhe date thereof un~il paid at the rare of n~ne per cenwm ~:r annum; anC all said costs, charges and expenses i~xurred or paid, toyether w~th suth interest, shail be secured by the lien of this martgage. 6. That (a) in the evenl of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) i~ the event any cf said sums of money herein refarred to be not pro~nptly and fully paid wi~hln thnty (30) days ~eat aiter the same severa~ly become d~e and payable, wi~hout demand or nonce, or (c) in the event each and e~e~y the stipu~ations, agreements, conditions and covenants oF sa;d promiuory note and th~s mortgage any or eithet are nof i~ly, promptly and futty performed, d~scharged, e,eecuted, eiiected, compteted, complied with and abided 5y, then in either or any such event Ihe sa~d sg gregate sum mentioned in said p~omisswy note then remaining unpaid, with interes~ accrued, and all money~ sec~red hereby, shall beco+ne dve and pay- able (orthwith, or therra(rer, at the op!~on of said MORTGAGEE, as fully and comptetely as il all of the sa~d sums of money were ong~natty stiputated ro be paid on such day, anything in sa:d promissory note or in this Mortgage to the contrary notAi~hstanding; and thereupoo or thereaher at the option ot sa~d MORTGAGEE, w~thout nonce or demand, iuit a1 law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby n,t~ matur@d ~~O! to ~ts ~nstitutiOn. 7. ihat in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to fweclose it, or to tefwm il, or to enfwce payment of any c!aims hereunder, said IhORTGAGfE shatl apply to the Court having ~urisdktion thereof for the appointment of s Receiver, such Courl shall f~~rhwirh appo~m a receiver of said mortgaged property all and singu:ar, includ~ng aIl and singular the income, prol~ts, issues and revenues from whateYer sovrce derived, each and every of wh~ch, it being expressty undersiooa, is hereby morrgaged as if speufrcaily set forth and deuribed in the g~anting and habendum clauses hereof, and :uch Receiver sha11 have a!I the braad and effective f~nct~ons and powera in anywisr entrusted by a Cou~t to a Receiver, and :~ch appointment sha~l be rnade by such Court as an admined equity and a matter ot absolute right ro wid MORTGAGEE, and witho~t reference to the adequacy w inadeqvacy of the value of the properry mortgaged or to the so~vency or insolvency of said MORiGAGOR o~ the defendants, and that such r~~nrs, proiits, income, iasues aod revenues sha11 be appiied by such Rece:ver according to the lien or equity of wid MORTGAGEE and the practice of such Court. 8. To dufy, p~omptly and fully perform, discharge, execute, effect, complete, compl'y with and abide by each and every the stipulations, agreements, conditions and covenar.ts in said prom~ssory note a~d this mortyage sef forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the htORTGAGEE, its successws and ass~gn:, may, w~~hour r,o~ue to the t.tORiGAOR, deal w~th such successor or successa in interest with reference to this n:atgage and the drbt he~eby secured in the same manner as with Mertgagor w~t!wut in any way vitiating or dacharging the Mortgaqors' liability herr ur:der or upo~ the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearan~e on the part oi the MORTGAGEE or its successors cr assigns and no eatens~on of rhe time for the paymenr of the debt hereby secured given by the lVtORTGAGEE or its successors w ass~gns, ahall operate ~o retease, d~scharge, modify change or affect thz orig+nal liao.l~r~ of the MGRiGAGOR herein, either i~ whole or in part. 10. It is speuficatly ag.eed that time is of the essence oi this contract and thal no waiver of any ob~igation hereunder or of the oblgation sr cured hereby shal~ at any time thereafter be he:d to be a waiver of the terms hereof or oi the instrument secured herby. 11. In aad~tron ro the forego:n9 momhiy payments of pricc pal and inreres! requ~red by the promissory note secured hereb~, mortgagor covenants a•~d agrees to pay ro mortgagee v~ith each momhly payrnent an add~~ional som est~neated by mortgagee to be equai to 1~'12 of tha ann~al tost of the follow- im3: A-Afi real property taxes levfed o~ assessed agai•~st th~ ahave descrebed real estate. ~ S-Prem~u~ns on f~re and windstorm irtsurar.ce as here+n requ:red to be carried on the improvemenis situate on tFe above described premises. C-Premiums on such mo~tg,ge guaranty ir.svrar:ce as mortgagee sha~l from tme to time deem (it to tarry on the loan secured hereby. Mor!gagee shall f•om time to time noti(y mortgagor m wrlt:ng of the amou~t d~e and payable hereundrr and svch surn shail thereupon be due and j ~ 3yab!e on ehe due dat> of tfie next month:y payment and each wccessive rr.or~th thereaiter ur,tii mortgagee shall notify morrgagor of a change in such :~.ouri. Such sums shall be applied by mort~e towa~d ttie payment of real property taxes, insurance prem:ums, a~id mortgage guaraNy insurante ; premiums. I IN ~vITNESS :'.HEREOF, the sa~d RiGli has hereunto set his har:d and seal the day and year first aforesaid. ~ $ig nd ' r 'n the en~ o: ~ ` - ~ t; itnes . _ rickl nd Jr aq . i j ? (Sean ~ ~~•itness: • Suzanne B. ~Stricklan ~a~~ ~ S:ATE OF FLORIDA ~ • St . Luc ie c~ur~rY oF ~ Before me perwnally appeared i'moc A Ctr~rlrl n ~.~Z a~d Suzanne B. Striekland his wiie, to me n:ell known and known to me to ba i the individ~ais described in artd who executed the fwegoing instrument,_ and acknowtedged befwe me that they executed the same fot the p~rposes rh~rein expressed. And the said ~~+~~nnn A C YyC]~,,1,~(~ rr.fe of the said Janes 8. St=iCk~nd• .jr • ~ upon a sepsrate and private ~.aminat~on by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted said instrument freely and volun- ~anly and •i~~thout any computsion, constraim, apprehens~oo, or fear of or from her said husband. WIiNESS my h~nd•and official seal this a°Z f~_ ~'rCh _ A. D. 19 74 ,C~a3 . ~ • fILEO t $T. ~11+.~C ~"UNTY FL atary Public in and for the S of Florids at targe ~ My Comm~ssion exp~res: ~teturn To: ~0~::', vJ' :'iiAS ~ ' . • CL~F?. _ J;T COURT ~ First Federal Seyipgs b. lean ~Aswciat~a? R~rc~: ; •1:~- ~ ' O1 -furt P~ N~~ ~vbl'ic. Stok of Flw~de d L~l~ ~ = - ~0. ~ fOrt Y~>rc0. ~fJoiida ~ My C~nods~;~ Eapins Od. 1l7b ~ , , _ - MAR Lb ~ ~0 PH yr ~,,,e~;cae f~n • Es~.alt~? C~ ~ ~ - ~ ~l~ Gary F. Bllwood ~ ~ This Instrument Prepared By First Federal Savings 8~ loan Association ~ " of Fort Pierce , Florida ~ ~ Checked By sb ~ ~ ~ ~8E ~ ~ - - - - _ - ~ ` : , ~ ~ ~ ~ , ~ ~ ~r-~ ~s , ~-v~~ ~ . _ , . f.. _ ,z _ . _ i~~ ~ ' ~