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Home My WebLink About1779 ~ thi~ mor~ ~ 9, To pl~t~ and cominuously ktep w+ 1M bui'dings now or he~eatte~ ~~~uaq o~ said i~nd and on all equ~pment andtpe~~OR GAGEE~abd w~nds~orm j sg~. with all p~emivmf ~herew~ pa~d in full, lire insur~nce ~n the usual s~a~ulard polity torm. ~n a wm ~pproved by ~niuranc~ i~ IM uswl ~~anJard pol:cy fw~n, in • aum approved by 1he MORTGAGEE, in such tompany or cornpan~es as 1l+e MORiGAGEE m+y ± d~rec~; ~nd all (ir• •nd windstorm inturanc~ polic~e~ on any of said build~n9s. +ny intar~~~ ~herei~ w pa~t ~hereof. in tM sggrc9a~e tum •torosaid or i ~x~~ ~~~~pf~ sha~~ ~p~~sio Ihe uswt ~tandard ma~gefle~ clsuse o~ ~uth othtr t~auu at tM Mor~g~9~e may requ~re, maAinp Ihe loss u~~de~ •a~d po~F , c~es, ea<h •nd every, payab~~ ~o aaid MORTGAGEE af its inter~st may appe~~, a~d eich and ave~y such policY shall be p~omP~~Y Ptis 9n~d and deliverrd ~o ; any F?eld by sa~d MORTGAGEE is (urther secu~ity ~o said mor~page debt. •nd. no~ less than te~ (10) days in advs~xe of the expiratlon of each pol~cY. ~e d+- 3 liver Io ?aid MORTGAGEE e renewal thereof, toge~her with a rete~pt fq Ihe prtmium o1 tuch renewal; and lhere shall be rro f~re or wind~to~m i~surance ~ plstKl on any ol taid build~~gs, •ny intcre~t thereEn w p+rt thereof, vn~ess i~ tM form and wi~h the ~oss p+Yable as afue~aid; ~nd ~n the e~ent any sum of mon~y becan~s paYable under wch policy w po~iuas uid MORiGAGEE ihalt havs the opt~on to receive and a~ly the same on account oi ~hs indebred~ neis secured hsreby a to permit ~aid MORTGAGORS to raeivs and uss it or sny part ~haeof fo~ o~her pu~poses, v.~~hout ~h:T~b~ wa~~i~~g or unpa~r- ing a~y equity, lien w rghl unde~ or by vi~tue of this mortgaye; a+d in tM ~vent sa~d MORTGAGORS shall Ew any reawr+ fail 1o keep ~he said prem~sas so insured, o~ fail to deliver promptly +ny of said policies of insurance ta sa~d MORTGAGEE, w(ail p~omptly to pay fuily any pre~n~um thcreio~ or in a~y respect (ail ro pNfam, d~schar9e, execute, elfect, comp~ete, comply with ar~d abide by this covenant, w+ny par~ hareof, said MORiGAGEE may pface and ~ pay fw such insurance w any pa.1 thereof wi~hout waiving a+itecting ~ny option. lien. equ~?y, or rlght under w by virtue ol ~hii Mwegage. and ~he f~ll amounl oi exh and every such payme~t shall be immediately dve and payable +~+d shal~ bear interes~ from tha data Ihereof w»il paid +t the rate ol f nin! per cenwm per snnum and togafhFr with such interest sh~ll tx secured by the lien o1 this mortgage. : ~ 1. To permit, commit or suffer no waste, impairrtxnt or deter~otation of said properry w+ny parf thcreof. ~ 5. To pay all and sin~ular the cwts, charget and expenses, inctuding a reasonable attwney'i fee and cosq of abstracla of title, incurred or pa~d at ~ any time by u~d MORTGAGEE. because or in the event of ths fail~re on the pa?t of ihe said MORTGAGOR ~o duly, p~omp~~/ ond fu~ly pe~form, diuha~ge. executs, e(fett, comp~ete, twnply w~~h and ab:de by each and every the stipvlanons, agreements, conditions. a~ covenants of said promissory note a~x! this mo~tgage any o~ either. and said cosb. charges and expcnses. each and eve+y. sMll bs immediately due and payable: wFwther a~wt there be norice da mand, attempt to colled o~ suit pend~ng; +nd the full amount of each and cwery such paymcro shall bear interest from ~he date thereof un~il paid et the ra~e of nine per centum per annum; arw all said cos~s, charges and expenses iocurred or pa~d. ta9~iher wuh such imeSest, ihall be stcured by the lien of this mortgags. 6. Thst (a) in the eve~t of a~y kxeach of this lNortgage w default o~ the part of the MORIGAGOR, or (b) in the event any of sa~d sums of money herein ~eferred to be not promPl~Y ar.d fully p+~d within thirty (30) days oext after the same severaily become due and payable, withoul demand or not~ce, or (c) in the event each and every tFk stipulations, agretments, cw~d~rions and covenants of u~d promisso~y note and th~s mo~tgage a~y o~ e7ther are nof : ~vly, promptly aod fulty performed, d;scharged, executed. eifected. completed, compi~ed w~th and abided by. tl~en in e~ther or any such evem the u1d ag , ~regate wm mentaned in said promissory no~e then re~nain~ng unpaid, with interesi accrued, and all moneys secured hereby, sha~l become dve arx! pay~ able fwthwith, or thereafter, at the option of uid MORTGAGEE, as fully and comple~cly as it aIl of the said sums of money were originatly st~puta~ed ta be paid on suth day, anything in sa;d promissory note or in lhis Mortgage to the contrary notwi~hstanding; and thereupo~ or lhereafter at the op~~on of said MORTGAGEE, without notice w demand, suit et law or in equity, therefore or tFKreaiter begun, may be prosecuted as if al! moneys tecured hereby had matured pt~or to its institution. 7. That in tfx e~ent that at the beginning of w at a~y time pend7ng any su~t upon this AAortgage, o~, to fo~eclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAG"tE shalt apply to the Court having jurisdittion thereof ior t1~e appo~ntment of a Receiver, such Court shall ior~hwith sppoint s receiver of said mor~gaged property ail and s~~+gular, includ~ng aIl and singular tfie income, p~of~ts, issues and rerenues from whateve~ sovrce dcrived. each and every of which, it being expressly understood, is hereby rtwrtgaged as if spec~iically set forth and described in the grsnting and habendum clavxs hcreof, aod such Receiver shall have all the broad and effective fu~ct~ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and t s:.c~+ appointment shall be made by such Court as an admitted eq~ity and a rrulter of absolute rigAt to sa~d MORTGAGEE, and without reference to the g edequscy or insdequacy of the value of the property mortgaged or to the sotvency or insolvency of said MC3~2jGAGOR w the defendants, and that such ~ re~+s, profits, incane, issues and revenues shall be applied by such Receiver according to 1he lien w equity of sa~d MORTGAGEE and Ihe practice of such ; Cour1. - ~ 8. To duly, promptly and f~lly perform, dischargc, execute, effcct, comp~ete, comply with and abide by each and every the stipulations, agreements. ~ cond~tioru and covenants in sa~d pran~ssory oote and th:s mor~gage set fwth. 9. Thst in the event tAe ow~ership of the mortgaged premises, or any part thereof, becomes vested in a pe~son other tF~a~ the MORTGAGOR, the h'.ORTGAGEE, its suctessws and asslgns, may, without ~otice to the MORTGAOR, deal with such succeuor q successor in interes~ wi~h relerence to this F mortgage and the debt hereby secured in the same ma~ner as with Mortgagor w~thout in any way vitiating or d~uharging the Mortgagors' liability her~ ~ under w upw+ ~he debt hereby secured. No sa~e of the p~emises hereby mortga9ed and no iorbearance on 1he par~ of the lAORTGAGEE or its successon or assigns and no extention of the time fw the pay:ne~t of the debt Mreby secured given by the MORiGAGEE or its successws or assigns, ahall operete ro release, discharge, mod~fy change w affect the w~ginal liabil~ty of the MORTGAGOR herein, either in whole w in part. ~ 10. It ~s spec+ficatly agreed that time is of the essence of this con~racr and that no wai~er of any obligat~on hereunder or of the obligation sr ~ cured hereby shatl at any time thereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. ~ ' 11. In add~tion to the forego:ng monthty payms~ts of princ'pal and interest requ:red by the promiuory note secured hereby, mor~gagor covenaMS ~ ar.d agrees to pay to mortgagee w~th each mo~thly paymem an add~rional sum esumated by mor~gagee to be equal to 1 i~12 of the annual cost of the fopow- ~ : ing: E A-All real property taxes levied w assessed a9ai~st the above described real estate. ~ 8-Premiums on fire and wi~dsto+m insurance as here~n requ~red to be carried on the improvements situate on the above desuibed premises. i ~ C-Premiums on suc`+ mwtgage guaranty insurar,ce as mo~tgagee shalf froT+ t~me to time deem fit to carry on the loan secured hereby. 4 ' Mortgagee shall from time to time norify mort6agor in writ~ng of the amount due and payable hereunder and such surn shal{ thereupon be due and 2 ;:ayable on /he due date of thr next month!y paymant and each successive month thereaiter uNil mongagee shall notify mortgagor of a change in such ; a-~ovnt. Such sums sF.all be applied by mwtgagee toward the payment of real prope~ty taxes, i~surance p~em.ums, and mortgage guaranty insurance ~ premiumS. . ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and sea) the day and year finf aforesai . s ~ Signed, Sealed and deliv~ered in the presence of: /~j~ a --s-~~~ ~a~ ~ . Ste hen C. le ~s~an s v ~ ~ ^ ~ . (Sea~ ~ ?ru2a M:. 1t (5eaq ~ ~ (Seal) ~ ~ _ ~ S7ATE OF FLORIDA , ~ ~$gai ~ St. Lucie ~ COUNTY OF - Stephen C. Saaple and 2rula M. Sasple, his wife a„d Befue me penonal{y appeared ~ Gt14 W Lenna~ed ~d Mart~ B. L~~nn 1'd his wife, to me well known and known to me to be ~ rhe individuels described i~ and who executed the foregoing instrumeM, and acknowtedged befue me that they executed the same for the Pu~Poses ~ ,Fo«;~ ~x~.~s~a. a,a r?,~ sai Trula M. Sa le wife of Stephen C. Sau~ple and Martha B. Lennard G11s . L.e~nard upon e separate and privat~ ,Nife of the said ~ examinafwn by me taken separale and apart from~ said husbandy,atknowledged to and before me lhatihe~exetuted said instrument froely and voiuo- r~n1 and without an com ufsion, constraim, approhension, or fear of or fromTher said husbands. y Y P ~Y ~ 1 74 'r' WITNESS my hand and officisl ual thiL ~ 3 day of - A D. 19 ~ ~ . Notary Public in snd for the Stat Florida at large My Commission expires: ~ e. 3 O •~(-t: = Retum To: _ .~i:~'r+~: f t~ first Federal Savings 3 loan Association ' ` . ~ ~~r, ` Of Fort P:erce. ~ 1•, - Fort P~erce, Fbr~da f11.E0 AltD RECOROED ` ~ . ~ . =~.lUC1E COUKtY FLA. 6 ; ; . ITRAS ' ~R.V ROCER Pd ' l " r•-~,'t.U~ ~ - CLERK CIaCU?T COUR~ ^ - ; ~ yER~F1E0 , ~ , . . t H. Roberts Jr. P.ECOR~ , : . . ~ : = ; w._r 7his Instrument Prepared By J. ¦u - i1~ : First Federal Savings & loan Association ~ ~ ~ i : -G ~ s : ~ : , y ` Florida ~ ~ ~ - ~ ; of Fort Pierce . .y•. ~ . t ~~:~:_..S,:~s'~"`.~•~ Checked By 4 ~ "''•~i~,, „ - , ~J= R ~ , . 28U348 . v'~~ o a ~s ~aG~~7~$ BOON _ ~ _ i t~~ I ~ ~ N ~ i'' ~Y`~"-!+? ' y5 ~4 ' } i-~~~ . . - . ?'.G~ ~ s. ~ . ' _ i . : < . . . _ . . , . . _ _