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Home My WebLink About1953 ? ~ J. To p~a:~ and continuously keep on ~he bu~:d~ngs ~uw o? hereafter ~~tuate on ~a~d Isnd and on a~l equipinenl and pe~sW+sl~y covered by this ma~9~ sgs. with all prem~ums Ihz~eon pa:d in (ull, lue insurance in ~hc usual srandard pol~ty form, in s sum approved by ths MOR(GAGEE, and w~ndsto~m insurance in tM usual ~~andard po~,cy (orm, in a sum approvsd 6y the MORTGAGEE, in fuch cOmpsny o~ compan~~s as 1he MORTGAGEE m+y direct; +nd ~II (i~e and w~nilitorm insurance po~~ue~ o+~ +~Y oi said build~nps, sny interest therein or pa~t thereof, in the agg~egate sum eioresaid w i~ extess ~hereof, ~hall ca+~ain the usual sfandard mwrgagee clause or such oiher dauia the Mo~tgsgee maY requ~~e, maAinq ths foss urule~ sa~d po~i- ues, each and every, payab~e to said MORiGAGEE ss its in~erest may appesr, and each and every such po~~cy ~hall b~ promptly ass.gned and del~vered ?o •ny he~d by ss~d MORTGAGEE as fu~ther security ~o u~d mortgage debL and, no~ leu ~han ten (10) dsys in advance of the exp~ration of each policy, to d~- , tiver to said MORTGAGEE a renewal thereof, ~oge~he~ wirh a receipt for ~he premium of iych ienewal; and ~here shall be no f~re o. windstorm insurance i plxed on any of sa+d buildings, any interc~t thcrein w part thereof, unless in ~he form and wi~h 1h~ lou paYable as aEwessid; ~nd in 1hs evenl any tum of monay becanei payable under s~ch policy w po~~cies seid MORTGAGEE shall have ths opt~on to receive and apply the san+e a? accoum oi ~he inde~ited- •'l~ ness setured hereby w ~o pe~mif said MORTGAGORS to receive and us~ it or any pa~t thereof for other purposes, wi~ho~t ~h=reb~,waiv~~~3P°Qmisei,so' > ing any eq~ity, I~en w righ~ under a by virtue of this mo:tgage; and i~ the event said MORTGAGORS shall fw sny reason fai) to keep he u~d in~ured, o~ fail fo detive~ promp~ly any of said polKies of insur+nce to ssid MORTGAGEE, w fail promptly to pay fulty any premium therefor w a^Y respect fail to pertwm, d~scharge, e:ecute, effect, comp~ete, tomply wi~h snd ebide by this cove~ant, w any parl hereof, said MORTGAGEE may p~ace a~d pay fw such insurante o~ any part thereof without waiving or ~ffectirq any op~ion, lien, eqvitY, or ?ight under w by vi~tue of fhis Mo.t9age, and ths full ~mount of each and e~ery such payment shall be immEdiately due a~d payab~e and shall bear interesl from the dats thereoi until paid at the rate ol nine per centum per annum and together w~th such intere~t shali be securcKl by the lien of this matgige• _z ~ io pe~mil, commit or suffer no waste, impairment w deterioralion of sa~d property w any part thereof. ' y 5. To pay sll a~xJ singular the cwts, charges and expenses, induding a reaaonable attwney's fee and wsts o( abstracts of title, incurred w ps~d at ~ any time by said MORiGAG:E, because or in the event of the fallure an the parf of the said MORTGAGOR to du~y, promptly and fully perfwm, d~uharge. execute, efiect, complete, compty wi~h and ab:de by each a~d every the stipvlat~ons, agreenx~ts, conditions. and covenants of said promissory r?ote and this mortgage sny or ei~her, and sa:d costs, charga and expenses, esch and every, shall be immediately due and payabte; whether w~+ot there be no~Ke do- mand, attempt to collctt or suit pending: and the full amount of each and eve~y s~ch payment shall bear inte~est from Ihe date thereof until paid at the rare o~ nine per cent~m per an~~um; a~x.' all said costs, charges and expenses i~curred a pa~d, together w~th such interest, shall be secured bY the ~~e^ of thw mortgage. 6. That (a) ~he event of any Ixeach of this Mortgage w defavll on the part oi the MORTGAGOR, w(b) in 1he event any of sa~d s~~+s of money hrrein referred to be not promptly and fully paid within th;rty (30) days nexl after the same severally become due and payable, without demand or notice, or (c) in the event each and every ~he stipulatia?s, agreements, condltions and covenants of w:d p~wnissory note and th~s mwtgage any a ei~her are not ~ ~uly, p~omptty a~d f~lly perfo.med, d~scharged, executed, eifeaed, completed, compl~ed with and ab~ded by, tfien in e~~he~ o? any iuch event the said ag gregate svm mentioned in said pro~~iuwy note then re~naining unpaid, with interest accrued, and all moneys secured hereby, shall become dus and pay- eb~e forlhwith, or thereafte?, at the option of said MORTGAGEE, as fully and complNely as ii all of the sa~d sums of money were originaily st~pulated ro be paid on such day, anything in said prom;ssory no~e or in this Matgage to the cororary notwithstanding; and thcreupon w tFxreafter at the op~~«+ of sa~d MORTGAGEE, w~thout notice or demand, suit at law or in equity, ~here(ore or thereafter begun, may be prosecuted aa if all moneys secured hereby had matured pnw to its institution. 7. That in the event that at the lxg7nn~~g of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ju.~sd~aion the~eof for the appantment ot a Receiver, svch Covrt shal! forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singu~ar the intome, p~ofits, iasues and revenues irom whatever source derived, each a~d every of wh~ch, it being expreuly u~de~s+ood, is hereby mo~tgaged as if speufically set forth ~nd described in the g~anting and F~abendum clauses hereof, and such Receiver shall have aIl the broad and effective funct~ons and powers in anywise entr~sted by a Court to a Receiver, and s~ch appointment shall be made by such ~ou~t as a~ admitted equity and a ma~ter oi absotute r7ght to said MORTGAGEE, and withovl reference to the adeqvacy or inadequacy of the value of the property mortuaged or to the so+vency or insolvency of said MORTGAGOR w the defendants, and ~hat svch ren+s, profits, income, iuues and revenues shail be appiied by such Receiver according to the lien w equity of said MORTGAGEE and the practite oi such CouA. • 8- To d~ly, promptly and fully perform, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promisswy note and this mortgage set fwth. 9. That in the event the ownership of the mwtgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the ,V ORTGAGEE, its successors and assigns, may, without notice to the MORTGApR, deal with such successor o~ successor in interest with relerence to this • r-~ortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w d~xharging the Martgagori liability htrr ~r,der w upon the debt hereby sec~red. No sale oi the premises hereby mortgaged and no forbearance on the part o) the MORTGAGEE or iri successon or assigns and rw extension of the time for the payme~t of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate ~o release, d~scharge, modify change or affect the original liab~lity of the MORiGAGOR herein, either in whole w in part. 10. It is specif~calty a9reed that time is of the easence of this contract and thal no waiver of any ob~igation hereuMler a of the obligatan se- ; cured F~ereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. _ ~ 11. In add:tio~ to the forego:ng monthly payments of princ'pal and inrerest required by the p~om~ssory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee ~~~h each manthly pay~r.eM an add~riona~ sum esnmated by mortgagee to be equal to 1;'12 of the annual cost of ~he follow- i ;rg: ` A-All real property taxes levied w assessed agaiost tne above described real estate. j B-Pr~miums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvements situate on the above described premises. G-Premiums on such mortgage gua~anty inwrance as mortgagee shatl from t~me to ~~me deem fit to carry on the loan secured he?eby. ~ Mwtgagee shail from time to time notify mortgagor in writ~ng of the amo~nt due and payable hereundrr and such sum shall thereupon be due and ` ; ayable on the due da!e of the ~ext month:y payment and each successive mo~ih thereafter ur,tit mortgsgee shall notify mortgagor of a change in wch ~ ; a^ount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance p~em.ums, and mortgage guaranty insurance ~ p~emiums. ; g IN 141TNE55 VrHEREOF, fhe said MORTGAGOR has hereunto set his hand and seal the day year first afwesaid. { Signed, Sealed and detivered in the presence of: ° n ~ ` Seaq ~ I) ~ rxaq ~ - 51ATE OF FLORIDA t ~ ~ COUNTY OF St . Lucie ~ ~ ~ Before me persanally appeared Michael I.OIl 2~Ze1 and ~ Bernice A. LOflCJ~2@ his wife, to me well known and known to me to be ~ 1ne individuats descr~bed in and who executed tF?F foreg ~ng instrument, acknowledged befwe me that they executed the same fw the purposes - Bernice Longazel ` rherein expressed. And the sai ~ Michael Lon aze ~ N1ie of the said g upon s sepa?ate and privste ' examination by me taken xparate and apart from her said husband, acknowledged to and before me ttwt she executed sa~d instrument freely and voturr ~ tarily and wi?hout any compulsion, constraint, apprehensi w f~r of or from tror said husband. ;y WITNESS my hand and official seal this ~3~t~~~~ day of A ril A. D. 19 74~_ Notary Public in and for State f Florids at Large _ - My Commission expires. Retur~ To: c~ ^z tARGE , ~•'','~'.r;.. g r'. . . - ] 197J First Federal Savin s 3 loan Associat:on 280480 n,e~,'r ~ ~ Of Fort P;erce. . ` .._j tdACO ~l ~ . . ' r..,..:.w Lai.ntiJ itw`.i. • . - Fc~t Pierce. Flcrida - . '~~`•^r: \ ~ ' _ s > : fllE~ AM^ nECOaoEO = : c. . - :f ~;ti This Instrument Prepared By RiChdrd K. Kayes aT `~C~E ~OUN~Y F~~ i~'•,y First Federal Savings & Loan Association pOCER P`~ ~7 COyRT ` - - ~ U ~ - ` , ~ of Fort Pierce ~ [:lorida. ~~k~ vE~'?1E0 . - ~ ;~3 PEC y . - _ Checked By Q Sj . , ~ ~ ~r wsN ~j e0o~ 226 1952 . ~-.w: . - , , - ~ ~a - - _ - _ _ ~ - _ _ ~ . . ~ -