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Home My WebLink About1968 3. To place and conGnuo~siy keep on ihe twt'd~~~gs now or t~area(ter a~tuats on safd land and on all cquiament and personally cove~ed by thii morrg- . age, wilh all premiums Ihereon pa~d in full, (ire i~isuronce in ihe usual ua~~ard po~icy form, i~ s sum approved by the MOR~GAGEE, and wmdstorm inswanct in ~ha ufual •~andard pol~cy fo:m, in s w~» approved by ~he MORTGAGEE, in such company ot companles as ~he MORTGAGEE may direct; and all fire and w~ndsrorm insuranca pot~uas on aoy of sa~d buiid~ngs, any interest theroin or pa~t thareof, in ~M a99tz9a~e s~m afwesald or in e:cess IFereot, ~hetl contain the uiual standerd mw~qagae clww o+ wch o3hcr dause a~ the Mw~gagee may requ~r~, makirq the loss under ia~d poli- . cir~, each and every, payab~e to iaid A10RTGAGEE as ~TS in~erest may appear, and each and every such po~icy shall be promptlY ~si yned and defivarrd ~o any held by ssid l.10RTGAGEE as furthe~ security to said matgage debt, and, not leu lhen 1en (10) days in advance oi ~he •xpiration of each poticy, to da ~ live~ io seid MORTGAGEE a renewal thcrcof, toge~her with a rece~pt fw the premium of wch rsnewal; and ~here shall be Ro f~re a? windatorm insur~nc~ placed on any of said buildings, any inte?est thcrei~ or part thereof, unleu in the form ~nd with tM loss p~yabte as a(wesaid; ar+d ~n ~ht evenl a~y sum of nwney becomes payable ur+der s~ch policy or pol~ci~s said MORTGAGEE shall have ~he opt~o~ to receive and apply the same on ac<ount oi the indebted- oeu sewred he~eby w 1o pc~mit wid MORTGAGORS to retaive and use il or sny pa~t thereof fo~ othc? purposes, wilhovt ~h_~ru/ wai~ing w nupah' ing any eqv~ty, lien w~~9ht under or by vir~ue of this mo::ya9e; and in the event ia~d MORTGAGORS shafl fa any reason fa~l to keep ~he sa+d p~emises so • insured, o~ (ail to detivEr pcomptly ~ny of said pol~cies ol insurence to ssid MORTGAGEE, w fail promptly to pay fully any prernium ~he~eiw a in anY respec~ tail to perfwm, discharge, e:ecute, effect, complere, comply with and abide by this cove~ant, a any par~ hereof, said MQRTGAGEE may pisce end pay fa such insurante or any part thereof without waiving or affectin~ any optia?, lien, equity, w?ighl under w by virtw of this Mortgaye. +nd the tull amount of eacf. and every such payment shall be immediately due and payable and shall bear interes~ from tho date thereo( until paid at the ~ate ol n~ne per cenrum }xr annum and toge~her with such intere~t shall be secured by the lisn of this mortgage. 1. To permit, commit ot suF(er no waste, impairmem w deterioralion of said property o~ any psA thereof. 5. To pay all and si~gulsr ~he cos~s, charges and expensrs, ~nclud~ng a reasonable attorney i fee and cos~s of abstrscti of title, incurred w pa~d at any fime by said MORiGAGEE, bttause ot in the event o) the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~uharge. execute, effect, comptere, comply w~th and ab:de by each and every ~he stipulations, agreaments, conditions, and covenants of sa~d promissory note and th~s mortgage any or eirhe?, arcd w:d costs, charges and expenses, each arxl cvery, shall be immediately due and payable; whetF.er or not there be notice dr mand, attempt to collecl w suit pend+ng; and the f~l~ amount of each and every• such payment shal~ bea. inleresl irom the date thereof unlil paid at 1he rate of n~ne per centum per annum; and atl sa~d costs, charges and expenses incurred o~ paid, togather w~th such interest, shall be secured by the lien of thi~ mortgye. 6. That (a) in the event of any breach of this Mor~gage or defauft on the part of tha MORTGAGOR, w(b) in the event any of u~d sums of money hrrein referred lo be not promp~ty and fully paid within ~h~~ty (30) days next after the same severally become due and payable, without demand or notite, or (c) in the event each and every the stipulations, agreement~, conditions and covenants of sa~d prom~ssory note and th~s mo~~gage any or ei~her are not ~uly, promptly and fully perfwmed, d~xharged, executed, e{fected, completed, canplied with and abided Sy, then in eitF~er w any svch event the sa~d ag gregate sum mentioned in said promissory ~ote then rema~ning unpaid, with in~eresi actrued, and all moneys secured hereby, ahall become due and pay able forthwith, or thereafte?, at ~he opt~on of said MORIGAGEE, as fully and comptetely ai ii a~l of the said sums of money were aginally st~putated ro be pa~d on such doy, bnything in sa:d prom~sso~y note or in this Mortgage to the contrary notwithstanding; and thereupon a thereaiter at the ophon of sa~d MORTGAGEE, without not~ce w demand, suit at law or in equity, therefore w therea(ter begun, may ix proseculed as if all moneys secured hereby n~d maWred pr~w to Its iostisutian. 7. That in the erent that at the beginning of u st any time pending any suit ~pan this Mwtgage, w to ioretlose it, or to reform it, w to enforce payment of any clrims hereunder, uid MORTGAGfE shall apply to the Coun having jurisd:crion thereof for the appo~ntment of s Receiver, such Court shall forrhwiih appoi~t a ~ece~ver of said mortgaged property all and singular, includ;ng atl and singular the income, prof~ts, iasues and reve~ues (rom whatever se~rce derived, each and every of wh~ch, it beirx,~ exptessly unders~ood, is hereby mor~gaged as if speufically ut forth and described in the gro~iting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entruated by a Cou~1 to a Re~eiver, a~d a~ch appointment shall be made by such Court as an admitted equity and a matter of absofute ~i9ht to said MORTGAGEE, and withoul reterence 1o the adequacy a inadequacy of the vaiue of the property mo~~gaged or to ~he sotvency or insolvency of said MORiGAGOR w the defenda~ts, and thal such renfs, proiits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity of wid MORTGAGEE and Ihe ptactice o( such Court. 8. To duly, promptty and fully perform, d~scharge, execute, effect, complete, comply w~th a~d abide by each and every the stipulaYans, agreements, condit~ons and covenants in sa~d promissory note and th~s mortgage sei forth. 9_ That in the event the ownersh;p of the mortgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the !'1,ORiGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successw or successor in interest with reference to thia mortgage and the debt hereby secured i~ the same manncr as with Mortgagw wlhout in any way vitiating or dixharging the Mwtgagors' liability here- ~nder or upon the debt hereny secured. No sa~e of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE or ita successors or assigns and r.o extens~on of fhe ~ime for the payment of the debt hereby secvred given by the MORTGAGEE or its ;uccessors or auigns, ahall operate ro release, d~scharge, modify change or affect the onginal iiabiGty of the MORTGAGOR herein, either in whole or in psrt. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obl~gation hereundrr w of the obl'gatan se- cured ixreby shall at any time thereafter be held to be s waiver of the terms hereof w of the instrument secured F~erby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by tF~e prom~ssory nore secured hereby, mortgagor tovenants and agr~es to pay to mortgagee ,nith each month~y pay~nent an add~~iona! sum eshmated by mortgagee to be equal to 1/12 of the annual cost of the follow- irn3: A-All real properry taxes levied or assessed aya~~st the a6ove describcd real estate. ~ B-Premiums on fire and windstorm ~nsurarce as here~n requ:red to be carried on the improvements situate on the above described prernises. G-Pre~niums on such mortgage gvaranty insurar.ce as mo:tgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shail f~om time to time notify mortgagor in writi~g of the amount due and payable hereunder and such surn sha11 thereupon be due and F;ayable an the due date of rhe next monthly paym~nt and each successive month thereafter ur,til mortgagee shall rwtify mortgagor of a change in such a~~:ount. Such sums shaif be apptiecl by mortgagee toward the payment of real property taxes, insurance prem:ums, and morlgage guaranty insurance j f~~emiums. ' IN WITNESS 'NHfREOF, thr zaid MORTGAGOR has hereunto set his hand and seal tbe day and ye first aforesaid. I ~ . ~ 5' ned, Seakd an~ delivered in the presence . ~ ~ ~•t~ f.tGOR~EO 'h e fILEu t hen aYtin ~ S?_lUvtE vOyNfY LA. ~ ~ ~ _ RC u• : ~ ul i RAS . (Seaq ' ~ ` CtE~~, ~=1: ~ vC~RT enny R :Nart1 ~ ~ / y~i•^~i . ~C (Sea~ € STATE OF FLORIDA ~ ~~~p 3~ 36 ~M'~~ ' COUNTY OF St. Lucie ~ Before me pe~sonally appeared Stephen .1. 1Na?Yt117 a~ ~ Penny R. ~Yt1L1 _ his wite, to me well known snd known to me to be the individuals described in and who executed the foregoing instrume~t and acknovrledged befwe me that they executed the same for the p~rposes rherei~ expressed. And the sai PQnnY ~rtlh ,~~fe of the sa~d tep en . rtxn ~pon a separate and private e~amination by rne taken separate and apart from her said husband, ackrawledged to and before me that she executed said instrument frce~y and volun- rarity and w~1Mut any compulsion, constraint, apprehension, w fear of w from her said husband. 1~ da of ~ Apr il a is ~4 ~ W:TNE55 my hand and oSficial seal this- y ~ Notary Pub~ in end the State of Florida at larye ~ My Comm~ssion expi ~ Q• 3 Q•~` - Re?um To: ~ First Federal Savings S loan Association Of Fo~t P,e:ce. s' ,~~11ii1:t.;jj~ . ~ Fort Pierce. FtoriJa t:i~~ ; , ~ : ~ y . :..~~C - ~ ~ < . ~ . - ~,r . ~ , ~ ' h~ y ; ~ This Insfrument Prepared By J. H. Roberts~ JY. .;,~Q r tY~ ~ : d: ~ First Federal Saviogs 8 loan Association ; ~ ' Q `v v3 ' - , ~ of Fort Pierce, FloY ida : : C -1 ~ - ' w= ' N • : : u. cL , _ ~ ~ '4v ? . ' ~ Checked By BOUi( P~~t7~ O~~ c~ ~ ~~n~uNtaN'`~,• ~ - ~ f dz - - - - - , _ ~ ~ r a - - - - ;sw~-,. .~.__'M •--...r.~ . 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