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Home My WebLink About1784 J. To plac~ and =on~inuouslY kcep on the bui:d~ngs now o~ iw~ea(te~ ~~twte on sa~d land and on ali equip~neM and pe~so~ally cove~ed by this mort¢ ay~, with all premi~ms tixreo~ pa~d in 1u1~. f~re insurance in the u~vsl sianda~d policy fo~m, in a tum approved by the MOR(GAGEE, and winds~am insuraoc~ in tM uswl ~undard pol~cy ium, in a sum app~oved by th~ N10RTGAGEE, in arch ca*+panY o~ cw^Pe^'~i the 1NORiGAGEE may direUi ~nd all lir~ and w~nd~~orm insurance po~~cies on any of s~~d bui~d~np~, any inta~s~ tMrei~ or pu~ the~eof. i~ ~he +99reya~e ium afwesaid or t In e:cess ~hereof, sMll contain tM usual srandard mortg+9~e clause w such o~her ctau~ es ~M Matpagee may requ~r~, makin9 tne iou unde. is~d po1{~ . cisi, each and every, pavable to sa+d MORTGAGEE a~ts inte~rtt mey appear, and e~ch ar~d •vay ~uch poi~cY ~hd~~ ?k Pra^'ptly +ss gned and detive~cd ~o any held by u~d MORiGAGEE as furthe~ iecurity to said matqage debt, and, rw~ teu lhan ten (10) day~ in adva~xe of the eapirat~on of each pol~cy, ~o d~- ~ liw~ to ~aid MORTGAGEE a renewal thercof, to9efhe~ with a rete~pt fo~ Ihe p~emium of such renewal; and there shall be no f~re or winds~o~m insu~+~tt • placed on ~ny o1 iaid buildin~s, ~ny interest thersin or pa~t thereof, unlest i~ tM (orm and with Ihe lou payable as ato~efaid; and in tha eveM +^Y sum of naray becomes payable unde~ ~uch policy m po~icies aid MORTGAGEE ~hall Mve ~hs option to ~ece7va and app~y ?he ssme o~ actw+nl ol the indrbted- neu iecured hereby w to pe~mit said MORTGAGORS to reteiw and uss it or •ny pa~t Ihereof for other purposes, wiihout thartu~ waw~.~~ or ~mpair- • irg any equity, lien a riqhl unda w by virtue of th~s mortya9e; and in tM event s~id MORTGAGORS shall fo~ any reason fail to keep the sa~d premis.s w insured. a fai) lo deliver p~omP?IY +nY of said policies of insuronts to ~aid MORTGAGEE, ot fail promptly to pay fully any pre.n~um there~w w~~ +~Y ~~i respett fail a paforrn, discharge, execute, effec4 complete, comply wi?h and abide by this covenant, a aoy pa?t hereof, said MORTGAGEE may puce aMi pay for such insura~ce or sny part thtreoi wi~hout waivitg w affetting a~y option, lien. lquity, w right ~nder o~ by virtue of thii Mw~gsge, ~~+d tht t, - full amovnl of each a~d every tuch paymem sMll be immediefely due and payable a~xl shall bear interest fran the date thereof u~til paid ~t the ra~e e~ I'~ 1 nine pe~ tentum per annum and together with such inte~es~ shall be secured by the lien of this mwlgage• 1. To permit, commit or sutfer oo wasls, impairment oa detcraratio~ of ssid property ot +nY W~1 ~~~e°f• 5. To pay all and singuls~ the costs, c!?~rges and expenses, including a reasonable attuney i tee and co~ts of abstracts of title, incuned w paid at sny lime br said MORTGAGEE, becauu w in the eve~t of the (ailure on Ihe pert of tM said MORTGAGOR to duly, promp?IY and fully perform, d~xharge. execute, e((cd, compteta, canply with and ab:de by each and every the stipu~ations, sgreements, ca+ditions, and mven+nts o( sa~d p~om~ssory ~ote and ~his mortgaga any a ei~her, and said costs, ch~rges and eapenses, c~ch and every, shall bt immediatety dve and payable; whethe~ o~ ~ot ~hers be no?~ce do- mand, atlempt to collect or suit pe~d~ng: and the futl amount of each and every such paymem shall bea~ interest from the da~e thercof until paid +t ~he rate of nine per cent~m per annum; and atl said tosn, charges and expenses incu~red w paid, toge~her w~1A sv~h ~Nerest, shall be sKUred by ths tien of thi~ mortyage. b. That (a) in the event of any b?each o( this Mortgagt o+ dcfaull on the part of the :+IWRTGAGOR, w~'b) in 1he event any of satd sums of money herein referred to be no? promptly and fully paid wirhin thirty (30) days next after the sa~ne xverally become due and payable, without demand or no~ice. or in ~he event each snd every the itiputntions, agreeme~ts, conditions and cover++nts of sa~d p~omissory rate and th~s morrgage a~y a eitlxr s~e not ~uly, promptly snd fuily pe~fwmed, d~scharged, executed, effected, comp~eted, comp~~ed with and abided by, then in e~ther or a~Y s~h event Ihe sa~d a¢ gregate sum rtxNioned in said prom~ssory note then remsining unpaid, with inte~est accrued, and all mo~eys setured hereby, shall betome due and pay- able (wthwith, a thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the uid sums of money wcre uginally at~pulsted to be Fsid on such day, anything in said prom~ssory note w in ihis Mortgage ro the cantrary notwi~hsa~xling; and Ihereupon a thereafte? at the opt:on of said MORTGAGEE, without notKe or demand, suit at law or in equity, there(we or 1F?erealter begu~, may be prosecuted ~s if ~II moneys sccured hereby had matured prwt to its institution. 7. Th~t in the eve~f that at the begi~ning of or st aoy time pending any svit upa+ ~his Mwtg~ge, or to fweclose it, ot fo tetorm it, a to enforce paymmt of ~ny ctaims he~eunder, said MOATGAGEE shall apply to the Cour1 having jurisd~ctian ~hereo} {pr the appointment of a Receiver, svch'Cou?t shall Forthwith appoint s receive~ of said mongaged p~operty all and singular, irxlud~ng all and singular ~he income. p~ofils, issues and reve~ucs from whateve~ source ck~ived, each and every of wh~ch, it be~ng expressly understood, is here6y mortgaged as ef specifically set forth and dexribed in the ~~ant~ng and habendum clauses hereof, snd such Rcceiver shall have all the broad and effect~ve funa~o~s and powers in anywise e~trusted by a Court to a Receiver, and :uch appointment shall be made by such Court as an ad~nitted equity and a matter oi absolute righl ta 'said MORiGAGEE, and without teference to the adequacy w inadequaty of the value of the property mo~tgaged or to the wtvency or insolvency of said MORiGAGOR w the defendants, and that such renrs, profits, income, issues and revenues sha:l be applied by such Rece~ver according to the lien or equity of ssid MORTGAGEE and the practice of such Coutt. 8. To d~ly, promptly and fully perfwm, discharge, execute, effed, complete, comply with and abids by each and every ihe stipulations, agreemrnts, condiYans u~d covenants in w+d promissay note arx! this mortgsge set fwth. - 9. TF~at in the event the ownenhip of the mortgaged premises, o~ any pa~t thereof, becomes vested in e person other than the MORTGAGOR, the MORiGAGEE, its wccessws and assigns, may, wi+hovt notice to the MORTGAOR, deal with such successw or successor i~ interest with refere~ce to this mor~gsge and the d~bt hereby secured in the same manner as with Nbrtgagw without in any wsy vitiating or d~scharging the Mortgagors' liabiiity hcrr undcv or upon the debt hereby secured. No sale of the Fremixs hereby mw~gaged and no (o~bearance on the part of the MORTGAGEE w its iuccessors or auigns and rw exteosion of ehe time for the payment of the debf hereby secured g~ven by the MORTGAGEE or its successors or auigns, shall operate ro release, discharge, modify change or affect the original liab;~~ty of the MORT6AGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this confract and that no waive~ of any obl7gat~on hereunder or of the ob1'~gation st cured fiereby ahall at any time thereafter be held to be a w~iver of the terms hereof w of t!x instrumem secured herby. 11. In add~tion ro the Forego:ng month!y payments of princ pal and interest requ~red by the p~omissory note secured hereby, mortgagor covenants ard agrees to pay to mo:t9egee wi~h each monthly payrnent an add~rional sum est~mated by rnw~gagee to be equal to 1/12 of the annual cost of the follow- in~: . A-All real property taxes levied or asseised against the above described real estate. B-prem~urns on (ire and windstorm insurar.te as herein requ;red to be carried on the improveme~ts situate on the above dexribed premises. C-Premiums on such mortgage guaranty inzurar.ce as mortgagee sha11 from t~me to time deem fA to carry on the ban secured hereby. Mortgagee shall irom time to t~me not~fy mortgagor in writing of the amount due and payabfe hereunder and svch sum shall thereupo~ be due and F.ayable on the due date oi-~l+e r.ext monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ amount. Such sums shotl be appiied by mortgagee toward the paymeni of reat property taxes, insurance prem.ums, and mortgage guaranty insurance ; premiums. ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Signed, Seated and delivered i~ the presence of: E sQ i o (SesQ t~q ~a~ ;TATE OF FLORIDA ~ St. Lucie ~ couNnroF Belore me personally appeared John H• B32'TOH and Iw II$3I'j'Oif his wife, ro me we~~ known and known to me to bs the individuals desuibed in and who executed the fwTeg~oing instrument, and acknowledged before mt that they executed the same for the p~+rposes therein expresxd. And the said ~"'n ~rrOM1i - w~fe of the ssid John H. 88I'I'O'd - ~pon a separate and privat~ examinaYwo by me taken separate and apart from her said husband, atkrawledged to and before me that she executed said instrument frcely and voluo- iarity and w~tiwut any compulsion, constraint, apprehqensi~r or fear of p from her said husba~d. WITNESS my hand and official seal this tY y'r dsy of ~~h A. D. 19 74 Notary Publi ' and w the tate of F{9rida at lsrge My Commi t:pires: G~ / 9~?r Return To: Fint Federal Savings 3 loan Association • ~ Of fort P~erte. - Fort P~erce. Florida • .•r~~ f1L,~0 A't~ '"'TY fl~. ~ - . ~ $?.L~~UG+E ~;1151!~AS ~T ,.~i . r .••T r : . . t fi . c. - - , C,~ ER~ C r~:; This Instrument Prepared By ~T~'~• E. Brat~ ~ ' ~ ~ qfCn• ~ ~ First Federal Savings & Loan Association ~ ` ~ a 44 A~ : .r.~..~ • of Fort Pierce ~ r'lorida : ~ : ->i;~`~: ~ ~ _ . Y4 • i ? V~ ~ ~ Ctl@C{Ced B~/ ~ • : r~ ~J~•v~~~1 , 2 ( 0 A : `'.t~~~R.~~~t`;r ; 225 ~E~.76~ ~ ~ 4~:.,~- ~~~~,y~~~ ~ ~ . c~ : i.r.a"~'~?y . - { ~ • ~ Sj k~ " _ _.T.' ~ ;~y.u--s . . _ _ . ."t`ya- ~ ~`~S~" - . ~ c y~y;;.'.» i ~,4 , - - - ~ _ _ - : ' . ~ ~ . `._e