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Home My WebLink About0456 To pl~c~ ~nd con~in~ously keep on ~M buildinp~ now a M~eaftN Wtuat~ on saW land +nd a+ all equiprr+enl snd p~non+tly cov~r~d by ~his mor~g •p~, with ~II pr~miums tMreon p+id in fuii, fire i~~ur+nce in IM viual ~unda~d polity torm, in • sum approv~d by th~ MOR(GAGEE, a~d wind~tam tniwa,~ in tM uiwl ~~~ndard polity iam, in ~ ium +ppfov~d by tM MORTGAGEE, in such comp+nY o~ cc^^P+^~n +s ~Iw MORiGAGFE m+y d'u~ctt and ail fir~ u+d wind~ro~m inwru+cr polici~s on ~ny of s~id buiW~nps. ~ny tntKpt ~Iwrtin w paA tMreof, in IM a~yre9~t~ avm +forts~iti o/ in ~xau thsrwf, shall conuin ti+~ wwl i~andud matya~ cl~us~ w such othN c1avH ~s tl» Ma1y~ m+y ~pva~. matir~ ~ir loss undM i+~d Po~i~ . J ci~. ~+ch and ~very. parabl~ ro said MORiGAGEE ~s iq ime~est may app~a~. u~d esch +^d ~va'Y such Pclicy shall be p~ompNy +u~9^cd a"d delive~ed ~o aoy Mld by said MORTGAGEE as (urthN sccu~ity ~o s+id mwr~~~e debt, and. not bss than t~n l10) d~YS in ~dvanc~ ot tM ~xpi~ation of each policy. to dr livK b aid MORTGAGEE a nnewsl tF+~r~of, ropelh~r with ~ nceipt fw IM pr~miwn oi wth rentwalJ and d~t~~ shall b~ no fir~ a windstorm i~+wr~na pt~c~d o~ ~ny of said buildinps. ~ny intaat th~rein a pan tMK.eof, unku io th~ fum ~od with tM loss payabl~ +i afwes~Wt U+ tM ev~nt any wm of rt~oe?~y bacan~s p+y+bl~ unds~ such policy w poliuss ssid MORTGAGEE ~hall Mw tM optio~ ~o receive +nd sppty tM ~+me a? +cca+m of tM indeb~cd~ neu s~cv~ed hereby a 1o pe.mif said MORTGAGORS to ?eceive and ~H it or +ny pa.t ~F?ereot (o. orher purposes. w~~F+out thareb~ wai~ing a~mpair- in~ ~ny p~ity, lien w riqht under or by vi~tw of this mort9a~~; ~nd in ths wenl wid N10ATGAGORS sh+ll fa ~~y rt+son fai) lo keep the aid Prem~ses so iruured, w(ail b delive? promptly u~y of said policies of insurancs to said MORiGAGEE, w fail promptly fo paY fully any p?emium therefa a in anY r,• reip~ct fail to pa~form, d~scharge, oxecut~, effect, complets, comply with u~d ~bid~ by this coven~n4 0~ +~Y Pa~~ ~fO~• :°'d MORTGACaEE maY P~+ce and ~ paY fw such &~wranc~ or any p~n tMreof without waivinp o~ afiactiny ~r?y op~ion, li~n. ~qu~~Y. a r~gM undar w by virtw of this AAutgape. +~d tfic full ~rnouel of ~ach and ~very :uch paymen~ shsll b~ iaunediat~ly dw and paY~bl~ and shsll bes~ imer~st from tl» da~~ ~hereof un~il paid ~t tM ~a~~ ol ' , _~_u b,. d.. ~:.....i ~I.i. a~ei~oaa._ - nulf ~ ~w~iV~o yi~ ~.wwiii .i:G:i :vy.::l~: - 1. To pKmlt, oo~nmit a~ suffe? no wast~, impairment w det~rior~tion of said property or +nY P+~t ~hereof. . S. To pay all ~nd sin~ulu tM cosn. cMryes u+d exPenses. incl~dinp a re+wnabl~ ~ttwney i fee and coits of ~b~tracts of tiNe, incurred a paid ~t any time by ssid MORTGAGEE, becauss w in the event of the f~ilure on ~M p~~1 of the said MORTGAGOR 1o duly, promptly ~nd fully paform, dixharg~. execute, effect. compk~s, comply with and abide by each u+d every the stipulations. syreaments, conditio~s, and covenann o( s+id promisso~ll ~e +^d ~ha ; .r,ort~~pe aMr a eithe~. ~nd said costs, chuy~s and expenses, e+ch and ~very, sMtl b~ irtinediately dut ~nd payable: whether or not there b~ no~Ke de' ; mand, artempf to collect w wi~ p~nd~rgj and ~M full anwvnt of ~sch end ewry svch paymcn~ s1+a11 bear interest from 1he date tF?ereoi un~~l p.~d .t ~he ~ rate of nine per centum per annum; aod all said coets, char~es and expenses incurred or paid. ~opether w~th wch inte~est, shall be secured by tM lien of thii i mortpap~. 6. That (a) in the event.of any bre+ch of tha All~tysye ar default on tM psrt of the MORTGAGOR, or (b) in tM event any of said tums of money herein referred to b~ not p~omptly snd fvlly paid withln thirty (30) days nex~ ~ftsr the same severally bscome due and Wyabl~. without demand or notice. or in the evem each ~nd every the stipulatio~?s, agreeme~ts, condita~s and coven+~ts of sa~d promiuorY note and th~i mwtpape any or either aro not iuly, promptly a~d fully pe~formad, d~x!»ryed, execwed, effected. completed. compl~ed with and abided by, theo in e~ther w ~ny such ~vem tM s+id gregate wm me~tioned in said prort~~ssory rwte the~ remainirg unpaid, with interesl acuued, and all nantys sen+rsd hsreby, shall become dw aod p+Y- able forthwith, w thereafte., at the option of said MORTGAGEE, as fully and completely ai i( all of the taed :ums of Raney were originally :tipuiated fo be paid o~ such day, anything in said promiuory note w in this Mortgage to the contrary notwithstu+ding: snd thereupon o~ thercafte~ a~ the option of said MORTGAGEE, without notice w demand, suit at law or in equity, therefwe or thereatter beyun, may be prosacuted u if ~II montys sea+red hereby had matured prwt to iri institution. T~,.~ :k~ eYeni s1~t at the beginnu+g of or at any Y~me pendiny ~ny suit upon this Mortgsge, a to foreclose N, w ro roform it, a to enfwu payment of any claims her~under, said MORTGAGEE shall apply to the Court having jw~sdidion thereof tor ths appantment ot ~ xeceiver, iven a.~iii+~ s~»~~ forthwith appoi~t a receive~ of said mort9aged property all a~d sinp~lar, includ~ng all and singular the incoms, profits, iu~es snd rwenues from whatever source derived, ead+ ~nd evcry of which, it be~ng expreuly undentood, is hereby mongs9ed as ~f spec~fically set iath and desuibed in the 9rantinq ai+d habendum clavses hereof, and such Receiver shall Mve all tlx broad snd effective fund~ons and powers in snyvrise entrusted by ~ Co~nt to s Receive~, and such appointrn~M shaU ix made by such Court as an admitted eqvity aod ~ matter of absolute right ro said MORTGAGEE, ~~+d without reference to the edeqvscy or inadequacy of the vslue of the p~operty mortg~ged or to the wrvencY or insolvency of ssid MORTGAGOR a the defendann, and that such renrs, profits, income, issues and revenues shall be apptied by such Receiver according to tM lien or equity of wid MORiGAGEE and the practice of such CovA. 8. To duly, promptly and fully pe~form, discharge, e:ecute, effetl, complNC, comply with and sbide by esch +nd every 1he stipulations, agreemenb, condiians and covenants in said promiuwy note and this mwtgage set forth. 9. That in the ev~nt the ownership of the mortgayed prem~ses, a any part thereof, becomes vested in ~ person other than the MORTGAGOR, the MOStTGAGEE, its succeuws and assigns, may, without notice to the MORiGAOR, deal with such successw o? successw in interest with reterence fo this morlgage ~nd the debt hereby setured in the same manner as with Mortgago~ withovt in any way vitiating o? discharging the Mwtgagors' li~bility herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged end no forbearsnce on the p+rt of the MORTGAGEE w iti successws or augm and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE w its svccessors or auigns, shall operate to release, dixhsrge, modify change w affect the original Iiab~Gty of the MORTGAGOR herein, either in whole w in part. 10. It is spec~ficatly agreed that time is of the easence of th~s contracr and thst ~o wsiver of ~ny obl'~gatan hereunder w of ths oblgaYa~ sr cured Ixreby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrumeM secured herby. I1. In add~tio~ to the fwego:ng momhly payments of princ'pal and interest required by the {xom~ssory rw?e secured hereby, mortgagor tovenanta and agrees to pay to mortgagee with each monrhly payment an add~rional sum estimated by mwtgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real prope?ty taxes lev~ed w asxssed against the above dexribed ~eal estate. B-P~em~ums on fi~e and windstwm insurance as herein requ~red to be carried on the improvemenfs situate o~ the above desuibed premises. C-Premiums on such mortgage gusronty insurance as mongagee shall from time to time deem fit to csrry on the loan secured hereby. ~ Nlwtgagee shall from time to time notify mortgaqor in writi~g of the amount due at~d payable hKe~tnder and suth wm shall thereupon be due and { Fa;able o~ the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall ratify mortgagor of a change in such ~ amount. Such sums shall be applied by mortgagee toward the paymc~t of real property taxes, inwrarxe prem.ums, arid mortgage guaranty insurante premiums. IN WITNE55 WHEREOF, the said MORTGAGOR hss hereunto xt his hand and sea) the day and year first foresaid. Signed, Sealed and delivered in tlx esence of: . n ~ aq S7ATE OF fIORIDA ~ St. Lucie couNn oF Before me persawlly appearcd Alfred W• ~~ley s~d ~IOZ A. Bailey h~ W~~, to me wetl known and known to me to bs the individ~?sls described in snd w!w executed the fwegoiny instrvment, and scknowledged before me that they executed the same for the purposes rherein expressed. Md the sa' ~r~l A. 8aile w~ie of the said Alf=~ w. ~ Qy vpon a separate and privats examination by me taken separate and aparf from her aid husbsnd, etknowledged to snd before me that she executed said i~qtrumeM freely and volun~ rar~ly and without any compuls'an, comtraint, spprehensi w ear of a from F~er s+id husband. ~ WITNESS my hand and official seal thi: day of ~y n ~.$,•~974 i ~~i~~tX ~ " ~ ~ Notary Public in en~fw the~ftfe of`~i,}~t , as+t . My Commiuion expues: . .....:.:_-,y ~i~ Return To: • - l ~ ~ ' • , ~i First Federal Savings d. loan Association ~ f L:..';'~~5. % Of Fort P~erce. NCTARY PU9LlC. STATE of;~LOe~DA ~ ~ j z Fort pierce, Florida 1AY C0.`•1A'l~SS10N EXPIRlS :~9~ ~ Bonded ~j[ ~iun B+niic+~ ~ ; - • ~ • v = I 0 ~ ~4 . Ii ~ • ` Aj This Instrument Prepared By ltichard K. Ka?y p~0 RE~pR QE • h,'~i;6'~ : S"`~.~ F i r s t F e d e r a l S a v i n g s ~ L o a n Association ~ p t INTY i~ , of Fort Pierce~ F1oZid~ ~GE~ PO~TttA E ~ ~CLEA~ ~pAf ED COUAT . ~f .QRr vc ~ p ~A Checked BY ~~7'~'4~`3 N~rr j 8 3e ~M'1~l 800K PAGE 455 _ . - , . _ . . - ,