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Home My WebLink About0296 To pl~c~ and cantin~wusiy k~tp on tM buildinys now o~ Mr~aft~? sitw~~ on s~id luw ~nd oe~ ~II equ~prt+tM ~nd prna+a~ly covered by this mw~p~ sys, with all pr~mivms thereo~ paid in fuli, fire iosur~nta in tht .+av~l ~tandud poticy iam, i~ • sum ~pprov~d by Il+e MORfGAGEE. a~+d winditam insurMC~ in tM usual at~ndard pol~cy (orm. in a sum approved by tF~e MORTGAGEE, in wch tompae?y a comP+^iy ~s tFK MORIGAGEE rn+y direN~ ~nd all i'u~ ~nd wii+Jstwm Inwrs~+cs policief on a~y of wwl build~np~, ~ny intero~~ the~~in or p+rt thtnof, in tM +~qrpa~~ swn afassaid or ~.r 1n ~xctss Ihereof. iAall conNin th~ vsval ~tandard mortgafle~ clavse w such otMr cleus~ u tM Mortype~ m~y rpuir~, makinp IFa io~s undt~ sa~d Pd1~ c~e~, tach and ewry, payable to said MORTGAGEE as its i~~errst may appear, a~+d each and eve~y such policy shall b~ promp~~y +ss:gned u+d deliv~red ~o ~ ~ny heW by aid MORiGAGEE ~s (ur~her security 1o seid mortyage deb~. arnl. not Icss ~han tan (10) days in sd~an;~ o( tM ~xpirat~on of euh policy, to d~• t;~; liver to s+id MORTGAGEE a renewal thereof, togeth~r with a~ece~pt fw tM premium of svch renewalt ~nd 1he~~ sMll be ro fire a windstorm insur~nc~ ol~ced on ~ny of iaid buildirgs, a~y I~terest lherei~ ot parl thercof, ~nless in the iorm and with tM loss payabl~ a~ afast+id; and in tM ~YM1 any swn of mon~y become~ paYable u~da? s~Yh policy a policles said MORTGAGFE shall h~ve ~M option ro receive and ~pply tM s+me on accuunl of tM H+d~bted~ _ ness secured he~eby or to permif said MORTGAGORS to reteive and use it or any part thereof fo? other purposes, without thzreb/ waiving o~ nnpair• ~ng any puiy, lie~ w r'~ght under a by vir~ve of this morrgsyet and ?n ~M event sa~d MORTGAGORS shsll iw any resior? fsil fo keep rhe said premaes io -Z ~nsurad. w fail to deliver p~omptly any of said po~icies of in~urance to sa~d MORTGAGEE, or fail promptly to pay fvlly ~~y p?emium therefw or in ~ny respect fail w pafonn, discharge, eaecute, effect, complete, comply wi~h a~x! abide by ~h:s mve~ant. or +nY pa?t hereof, said MORTGAGEE may pl~ce snd ~ pey fa such inwrance w any pa~t tAeteof wiriw~t wsiviny w aifedinp ~ny option, lien. equity, ar right under w by virtw of this Mw19aQe, ~od tl?t ~ fvtl amouM of each and wery such payment shall be immedlately due snd psrable +nd shall bear intere~t from tM date the~eof umil paid at ~M rate ol ~ mne per centum per snnum and to~e~her with such inte~est shalf be secured 6y the lien of this mortqage. 4. To permit, co+nmit or suffa no waste, impairment or_ deterioration of said property or any paN 1he~eof• S. To pay all and singutu the costs, chargss and ex~xnsra, inctudinQ a reasonable attorney's fee and costs of abst~acts of titl~, intwred or p+~d +1 any fime by said MORTGAGfE, because w in the event ot the faiture on the pan of ~he said MORTGAGOR fo duty, promplly ~~d fully periorm, d~scha~gt execute, ei(M, complete, comply w~th and ab~de by each and every the stipvlations, agreeme~ts, tonditioni, and covenantt of said promisswy note ~~d thw morrgage any w eithe~, and said costs, cMrges and expenses. eaci~ and svery, shall be immediately dve and payable; whether a not there be ~otic~ da mand, attempl to colkd w suit pe~d~ng: and the full artaum oE each and ererY such paymenl iiw~ll bear i~terest from the date thtreof ~ntil paid af the raie of nine per centum ptr annum; and all said costs, charges and rx, e~ses incurred a paid, togNhei w~th tuth interett, sMll be sst~red by the litn ef thi~ mortyagl. ' 6. That (s) in the event of any breach of thi~ Mortgage or defa~lt on the part of the MORIGAGOR, a(b) in the event any of uid sums of monty herrin refrred to be not promptiy and fully paid wi~hin lhirty (30) days next afler fhe same severatly become due and payable, wilho~t dem+nd o~ rwtice. or {c) in the event each snd every the a?ipv~++iions, egreemenn, cond~tio~s and covenams of sa~d promissory nole and th~s mat9sg~ anY w either u~ nol iufy, p~omptly and fully performed, d:scharged, executed, effected. compteted, con~p:~ad w~fh and a6~ded by, then in either or any such eveM the said ~g gregate sum mentioned in ssid promisswy note then remaining unpatd, with inte.est accr~ed, and alt maxya aetured hereby, shall betoe'~e due and p~~r ao~e fathwith, a the~eaher, at the opt~on of said MORTGAGEE, as tully and completely a~ if a~t uf the wid wma of moaey were wginally stipulsted ~o be paid on such day, anything in sa:d pro~nissory note or in this Mortgage ro the co~~trary notwithstsnding; and therevpon or the~eafter at the option of sa;d MORTGAGEE, witFwrt norice or demand, suit at law or in equity, therefwe w thercaite~ begun, may be prosetuted u if all moneys setuted he?eby nsd matured pnw to ~ts institution. 7. TF~at in the event that at the begianing of or at any t~rte pe~d~~g any suit upon th;a Mortgage, w to fweclose it, ot to reform it, a To enfo?cs pavment o! any ciaims he?eunder, said N~ORTvAGEE shall apply to thr Court havir.g ~u•~sdi~tion thereof for the ~ppo~ntn~enf of ~ Reteiver, suth Cou?t shall i~.-lhwith appo~M a ~eceiver o~ said mortgaged property ali and singu!ar, inc:.xl~ng ail and aingular the intome, profit; iswes and revenues from whatever s~~~rce derived, each anJ every of wh~ch, it being express~y unde~stood, ~s hereby mortgaged as if spet~fitally set forth and dewibed in *he yranting snd habertdum clauses hereof, and such Receiver shatl hava atl the broad and eflecrive funa.o»s and powers io anywise entrusted by a Court to ~ Reteiver, and :.,ch appointnxnt shalt be made by such Court as an admitted equESy and a matter o~ a~soiute r:ght to said MORTGAGEE, and witho~t ref~rence to the adeauacy or inadequacy ol the vaiue of the p~operty mw~gaged or to the w~vency er ir~oiventy of spid MORTGAGOR p the defendann, and that such r~-.,rs, profits, incane, issues and revenues shall be applied 6y auch Rcceiver accord~ng to the lien or cquity of said MORTGAGEE and the praclice of suth Court. 8. To duly, promptty and fully perform, discha~9e, execute, efiect, complete, tompiy with and abide by each and every fhe sfipul~tions, agreements, :o~ditions aod covenanta in said promissory note and this mortgage aei fo~th. 9. That in the event the ownership of tFe mortgaged premises, or any part thereof, becomes vested in a person other ihan fhe MORTGAGOR, ths '::~RTGAGEE, its svccessors and assigns, msy, without notice to the 110RTGAOR, deal with such successor a successor in intaest with referente fo this r~~c•tgage and the d~b~ hereby setured in the same manner as with J'Aortgago. without in any way vitiating ot distharging tF~e Mortgagors' liability hera ~^~er or upon the debt heret,y secured. No sale of tha Fre~nisrs hereby mortgaged and no forbearante on tht part o) the MORiGAGEE or its sutcesson o~ ass~gns and no extension of ihe ~~me for the payment of the debt herrby secured given by the /AORTGAGEE or its suttlssors w auigru, shall Operate ro re!ease, d~scharge, mod~fy cha~ye a affect the orig~nal liaoEliry of the MCRiGAGOR here~n, either in whole or in put. 10_ It is specificalty agreed thal lime is of the easen<e of th~s contract and that no waive~ of any obligation hereunder w of the obligation st cured h.:reby shai: at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. 1l. In add.rio ~ t~ the forego n~ mon!h'y µarm~nts of p~i^c pa! and i~+erest required by the promissory note secured hereby, mortgagor covensnfs j~~d ag~;es to pay to rt:o:tgagee w~;h each monrh~y pay~neni an add~riona~ sum est.mate<! by mortgagee fo be equal to 1~12 of the annual cost of the fotlow- ;-,a . • A-Ail real property taxes levied or assesseci eyaiast the above described real estate. 8-Prem~ums on ~ire and w~ndstc~m insurscce as nere~n requ;red to b~ carr~•.d on the ~m;,rovemeals situate on the above destribed premises. C-Premiums on such mortgage gua.anty insurar:ce as mortgagee shail from nme to tune deem fit to carry on the u?ed herebY- Mortgagee stia:f from ti~ne to ~ime norify mwtgagor in wr~ting of the a~r.ou~t due and paysble hereunder and such sum shall thereupon be due and I~ ~v~3ble on the d~e date of the next month'y payment and each successive montn thereafter ur,til mortgagee shall notify mortgagw of a chsrge in such ~ - evnt. Such sums shaN be applied by mortgagee toward the payment of reai property taxes, i~surante p:em.oms, and mwigage guaranty insurance ~ ,.~e'niums. ~ IN WITNE55 VtiHEREOF, the said IVR~RiGAGOR has hereu~to set his hand and seal the da a ear first ~fwesaid. , , S' ed and delivered in the piesence of: es Nason StY land - ~ San ra Stx ckland ~ - . S ~ ATE OF fLORIDA SS. :ouvnr oF St. Lucie ~ Before me personal~y appeared ~ Ja?aes Nason St? ~CICla11d _ ~nd $811(~!d Striekland his wife, to me well known and krawn to me to be e~e ;ndividuats desv~bed in and who e:ecvted the faego~ng instrument, and acknowledged before me that tlxy e:ecuted the aame for the purposes ~~,~~e~n expresxd. And the sai ~ndY $tr1C~C1dI1d 1~ ie of the said J~eS Nason tr ickland ~pon a sepsrate and privat~ exam;nation by me taken separate and aparl from her said husband, acknowledged to end before me that she exetuted said instrumeM freely and voluo- re-:iy and w~thovt any comFulsa~, constraint, apprehension, or feat of or from her said ~nd. WITNE55 my hand and official seal thi~ 3~~'-~ day of y A. D. 19 74 ~~.,.i ' ~ Nolary Public in ~nd for t ste of fbrida af Lu~e ' My Commiuion expires: 3 1~/~ 6 Retum To: ~ - ' . ' ~~:~eu ' ~ First federal Savings d. loan Association ~li~~~ - - ~ Of Fort P~erc°- f~~ E C~M~ 1„l~ 31 d•,;~ fort Pierce. Florida I ~~ER P01?RA~rt _-j~ - '•b~`~~y ~•~r ~ CIERR C~~CU<<~„~, = ; ~ e n`d : : ; , . RECOao vE~f~EO , = _.:~o . ~ ~ ; ~'T~ f .:~.v.°'~0~:~ : : x This Instrument Prepared By Willian J. Rorb~ 6 9 1~{~ ":'~#,v ~~~1 • O~ First Federal Savings & Loan Association ' ~ ~ ` O : ~ . . . . ` ~..,,,}~3 .•f : of Fort Pierce ~ RloYida r^ ` - '~y . t "1 •'iu~~~~.~~``~~ ~P ~ ~ ~ . ~ S I Checked By ~Q~~ ~"''~r„~,~„~~.~''~ IG~ soaK227 295 ~ , : , , T dZ . _ - ~ _ , . ~ _ _ , _ _ i.