The URL can be used to link to this page

Home My WebLink About1777 s ; S . R 3. To pl~c~ u+d cominuously kerp on ~he bui!d~ngs now u heroafter utwt~ on sa~d ~sr+d and oo cqu~pnero snd persona~lY coverad by ihis mcv~9- eye, with ~11 prem~u~+s ~hercon p+~d m full, lire insvrsnce in the usu~l ~~and~rd pol~cy iwm, in • sum approved by the MORIGAGEE, and wind~wrm f insurant~ in tFN ~iu~l srandard poGcy form, in • sum ~pproved by ~he MORTGAGEE, in sucb compa~Y w comPa^«~ as tM MORTGAGEE may ~ di~ectj s~+d all (ir~ and wind~rorm insuronc~ pol~ue~ on any of sa'~d buifd~nyi. ~ny intert~t therei~ or part tF?ercof, in Ih~ +~qreya~e ~um ~fwesa~d a , in ~xcea Ihcr~oi, shall comain tM uswl sundard mor~yage~ ctause w iuch aFKr cl~uie ~s ~M Mw~ya9a~ may rpua~. maAinp the lo~s unda. ss~d poli- i cies, each and evsry, payab~• ro saW MORTGAGEE as ~t~ intsrest may appea~. snd eacA and every iuch policV ~h+~~ ~ P~a"P~~Y ~~s.9ned u+d de!ivered ~o ~ •ny hald by sald A10RfGAGEE ai lu~the~ setu~ity fo ssid mwt9a9e dabt, and, n~ !eu than ten (10I days in ~dvanc~ of the expir+tion of esch policy, to da liv~r to iaid MORTGAGEE • renewal thereof, togett+N with ~ receipt fw the p~~miwn of such renewat; ~nd thero ~hall be no fir~ o~ w~~duam iniurance plsc~d on ~~y of i~ld buildings. ~ny i~?e~es~ d+ereln w p+rt thereof, vnless in tM form and w~~h ~M lou paysbte si afwaaid; ud in the evem any sum of money becortws pay+b!e ur+der iuch policy w po~~cies said MORTGAGEE shall have iFN Op~iOn 10 ~KlivO +nd sPP~Y ~he s+ma a^ +c~a+^~ of the indebted ness ~ecwed hereby a ro permit uid MORTGAGORS to receive ~nd use ft w any part thereof fu otncr pu~poses. ~v~~iwut 1hs~~u~ wai~in~ o? ~mpair- ing any equity, lian a right undcr a by virtw of th~i mo:tgsget +nd in the event sa~d MORTGAGORS shall fw any reason i~il to keap ~he s+~d p~emisei so insu~ed, o~ fail 1o delive~ promptly anY of said policies o( inivr~nce to said MORTGAGEE, w fai~ promptly lo pay luily any pre~nium ~herefor or in a~y respect fail to paFo~m, diuharge, eYecute, effect, complete, canp~y wi~h ~nd abide by this mve~+anf, w any pu1 ht«of, s+~d MORTGAGEE maY p~xe and paY fa tuch insurs+xf a any pu1 thereof without waiving w alfxlinp a~y option. lien, puity. oi r3~ht vnde~ a by virtw of this Mo~fgage. ~~d thc full ~rtwvnt of each end every such payment sMll be im~nedi~tely due +nd paYabte snd shsll bear interes~ from ~ta date thereo( ~mil paid ~t ~he ra~e of nine per centum per annum and to~ethe~ with such interes~ shall be secured by the lia+ of this mwty+ge• 4. To permil, commit w witer no waste, impaument a deteriorotan of ~aid p~ope+ly ot +~y Ps~1 the~~°f. S. To pay all and singuls~ the costs, charges and expenses, including a reasonab~e at~wney i fee a~d cos» of abitrscts of title, incurred or paid st any time by sa~d MORiGAGfE, because a in the event oi the failure on thc pnri oi tM said MORiGAGOR ~o duly, promPtlY +nd fulfy per(wm, d~xMrge. execute, effed, compkre, comply with and ~b:de by each •nd every the stipuletio~s, a9reements, conditiau. a~d cove~+ants of said promissory note snd this mortgage sny a either. and said cotn. ch~rges ~nd expenses. each and every, shall be imrnedialely due end paYabte: whe~her p r?ot there be notice dc mand, attempt to collecl w suit pendl~g: ud the f~ll amount of each snd erery s~ch payme~~ shall bear interest trom the date thereof until paid ~t the rate of nine per centum per annu:n; arxi atl aaid costs, charges and expenses i~turred w pa~d, togelher w~th iuch iNeresl, shal) be secured by the lien of this t mort9age. ~ 6. Thst (a) in the event of any breach of this Mwtgsge a default on tM part of the MORTGAGOR, or (b) in the e~ent ~ny of u:d sums of money herein referred 1o be not prompNY and fully paid within thirfy (30) days next after the same severatly betwne due +nd payable, wilhout demand or notice, or (y in the event each aad every ~he s~ipv{ations, agreeme~ts, conditions and covenanta o! sa:d prwr+~sswy note and th~s mortg+9e a~Y a e~tF+er are no~ ~uty. Promplly and fully perfozmed, d~scharged, executed, effetted, completed. complied with and ab~ded Sy. then in ei~her w any tuch event the sa~d ag gregsro sum men?aned in said prom~ssory note then remaining unpaid, with inte?est acuued, and all moneyt setured hereby, shall become due and pay- 3 eble fonhwith, w ~Fxreaite~, at the option of said MORTGAGEE, aa fully and comp~NdY aa if +II of the sa~d sums of money vrere w~g~n+tly tt~pu~ated ro be pa~d on svch day, anything in sa~d pramissory note or in this Mortgage to the con~r+ry notwithstsnd~ng; and ~~eupon w thereafter at the op~~on of said MORTGAGEE. withcut notice p dernand, suit at law or in equity, the~efore o? thereafter beg~n, may be prosecuted u if, all moneys sacured F~ereby nad matured {x~or to its institution. 7. That in the event ~hat ~t the beginn~ng of w a? any ~ime pendi~g any su~t upcw+ this Mortgage, or to fweclose it, or to reform it, or to enforce payment of a~y tlaims hercunde?, said MORTGAGEE shall apply to the Co~rt having jurisd~cuon thereof ior the appointment of a Receive?, svch Court shall Forthwith appoint s receiver of uid mortgaged property a~l snd singulu, includ~ng all and singular the income,"p~of~t~, iswes ared fevenues from whatever so~~rce derived, each and every oi which, it beirg expreuly undcr:tood, is hereby mo+?gaged as if specifically ser (oh{~ and described in the g~anting and i,abendum clauses hereof, and such Receiver shall hsve all the broad and effed~ve funct~ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and s:ch appointment shall be made by such Court aa an admitted equity and a ma~ter of abso~ute r~ght to said MORTGAGEE, and without reiererxe to the adequacy o~ inadequacy of the value of fhe p~operty mw~ga9ed or to ~he sotvency or ~nsolvency of said MORTGAGOR or the defendants, and that such ren~s, profin, income, iasues and revenues shall be applied by such Receiver acco~d~ng to the li~~ or equity of said MORTGAGEE and the practice of such Court. 8. To duly, {xanptly and fully pe?form, dischsrge, execute, effect, mmp~ete, compty wifh snd ab~de by each and every the stipulations, agreements, conditwru and covmanu in said promisswy note and this mortgage set fwth. 9. That in the event the owne~ship of the mortgaged premiaes, w any part thereof, becomes vested in a person other than the MORTGAGOR, the r,~,ORTGAGEE, its succeuors and assigns, may, wifhout norice to the MORTGAOR, deal w~th such succeuw or successw in interest wi~h ~eference to this mortgage and the deb~ he~eby secured in the same manner as with Mortgagor without in a~y way vitiating o~ d~scharg~ng the l~lortgagori liability herr ' under or upon the debt hereby secured_ No sale of the premises hereby mwtgaged and no forbearsnce on the part oi the MORTGAGEE w its successora ; or ass~g~s and no exten:ion of the ~~me fw ~he payment of the deb: hereby secured given by tix MORTGAGEE or its successors a su~gns, stiall operate ro release, d~stharge, rtadify chsnge ot af(ed the original liability of the MORTGAGOR Fxrein, either in whole or in part. 10. It is speuiica~ly agreed that time is of the easence of this contrac~ end that no waiver of any obfigation hereunder w of the obligaYan se- cured hercby ahsll st any time thereafier be held to be a waiver of the terms hereof or of the instrumeM secured herby. - 11. In addAion to the faego:ng montMy payments of princ'pal and intere:t reqv~red by the p~on'ussory ~ote secured hereby, mortgagor covenants ~ , and agrees to pay to mo?tgagee vcith each monthly payment an addirional s~m est~mated by mortgagee to be equal to 1/12 of the ann~al cost of the folkow- . ing: ' j A-All real property taxes levied or aseessed agaiost the above described rea! estate. . ! B-Premiums on fire and windstorm insurance as herein reyu~red ~o be carried on the improvements situate on the above described premises. i E C-Premiums on such matgage gvaranty insursnce as mortgagce shall from time to time deem fit to carry on the ban secured hereby. ; Mortgagee shait frcm tirtw to time notify mortgagor in writing of the amount due a~d payable hereunder and such sum shall thereupon be due and ~ c~yable on the due date of tha next monthty paymeot and each suuessive month thereafter until mortgagee shall notify mortgagor of a change in such s ~~,ount Such sums sF.a!I be app(ied by mwtgagee toward the payment of real property taxes, insurance p~em.ums, a~id mertgage guara~ty insurance ~ premium3. 3 IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a~d year first aforesaid i ~ Signed, Seakd and delivered in the presu+ce of: ~ • ~ SeaD : ~ ~ ' Seaq + ~ tS~al) ~ , . ~ _ - ~Seaq # ~ i STATE OF fLORIDA ~ ' ~ St . Lucie u- COUNTY OF Before me penonally appeared B• E• W11112~IDS and ~ nn r i S j~. W3, 7 1 Zcl,tp S his wife, to me well known and known to me to be !he i~dividual~ described in and who executed the foregoing i~strument, and acknowledged before me that they executed the same for the pwposes ~ Doris H. Williams - c~ rherei~ expressed. And the said B. W1111d1DS - upon a sepa?ate and private w;fe of the said ~ examinstwn by me taken separate a~d apart from her said husband, acknowledged to and be~we me that she executed sa~d instrumeM freqly and voturr : ~:g rar~ly a~d without any ca~npulsion, constraint, appreh ~f~ ~fear of or from her said husband. ~ i• ~ - ~7' I11 '~Wi,:iD~.J974.,. WITNE55 my hand and official seal this dey of , E Notar~ ic n~~ he Statq'of .f ~-r-il,~ ~ My Commiuion expires: / =y . Return To: ~ ~ " ~ ~ F)nt Feders~ Savings d. loan Associat~on GCiARY PU9UC, STATE ei fLORTGA']~ NR6[ _ i Of Fort P:erce. MY C0~"dISS10?I EXPIRES 1AIf~ ~ 197~ f ~ Fort P~erce. Florida Kp(~QgQ Br At[ICCKi11 Fianke(S IOiti{i~t~ Q~•,,~~ , . . . ~ ' J ~ 4 ItECOR~E ~ This Instrument Pre ared B p Y Richard K. Kayes F ~EO ~K~ FL • ~ry First Federal Savings b Loan Association ={,~UCIE CO~M~Y L of Fort Pierce, Florida pOCER ~p1jA~S CIER ~~~f EO COURt Checked By ~ PEC4RQ ~ 0 S~ ~'Z ~ _ p ~ Z'~ ~ 2~U34'7 ~oo~ 226 ~ac~ 177'6 ~ ~ - ~ - . ~ z : ~ ; _ _ _ _ _ _n ~