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Home My WebLink About1330 To plac~ and cont~nuouily keep on the buildings now w hereaftK ~itwt~ on sa~d I~nd and on ~Il eq~ipmeM +nd ptrwn+~~Y tovtrtd by this mortp~ ye, with ~II pnmivms the~eo~ paid in (uil, fire insurance in ths usual ttande~d polity 1am, in + sum approvtd by 1hs MORiGAGEE, and windstorm inswance i~ tM usual i~andard polrcy fam, in ~ sum app~oved by ~M MORTGAGEE, i~ wch company or compan~es a tM MORiGAGEE m+y dirsd: and aIl fi~~ and w~~da~orm insurancs polici~s on any of said build~npi. ~ny Interes~ the«in or par~ ~hereol, in 1F» ~y~eyatt wm ~faesaid or I~ ~xceu ~herwf, shall cont~in fhs uswl itandud matya~ee cla~s~ a iuch o?F,N cl~u~ ~s d+~ Mat9spN may requ~re. ma~inp ~M Io~ ur+de~ sa~d poli- ciei, tach and every, payabl~ ~o uid MORTGAGEE as itt interett may appea~, +nd each and avay such pol~cy ~hall be p?a'nD1~Y +is•y"ed ~^d de~'~°red ~o any heW by said MORiGAGEE as (urther security to said matpape deb4 a~d. fWt (fff 1Mf1 IM (IO) ~y~ in advance of ~M eapiratio~ ol QKF1 POIitY. to da livn to tsid MORTGAGEE a renewal ti?er~of, top~~hK with a reteipt fw 1he premiwn of wch r~ntw+lt and ther~ ~MII be no fire or wind~~orm inivranc~ pl~qd on ~ny of said buildinps, any intaat ths«in o~ p~?~ lhereof, u~less in th~ lorm and witA tM losi payabl~ u~fa~s+id1 u+d in ~M •vent any sum of money becomes payable ~nder such policy a polkies s~id MORTGAGEE shall haw tM op~~on ~o receiw and spply tM same oe +ccount oi the i~debted nest s~ct?red hereby w to pe~mit ssid MORTGAGORS to rKeivt and uss it o~ sny part thereof for other purNOaei, without Ih3rrb/ waivi~~g or nnpair- iny ~ny eq~~ty, lien o~ ripht under a by vi~tw of this morsya9e; ux! in tM ~veM sa~d MORTGAGORS shaU for ~ny ~ea~on fail to keep tM s+~d P«m~ses io insv~ed, w fail b deliver promptly ~e?Y of taid policies of insur~nu to said MORTGACaEE, w fait promptly to p+y f~lly any prem~um therefw or in a~y , respacl fail to pt~fam, discharge, execut~, effett, complets, comply with and ~bid~ by this wvt~+n1. o~ ~nY Psrt haeof, said MORTGAGEE may p~+ce end ~ ~ j amovn~ ~eacr~and ewry sauch p+Ymsnt sl?alh ~ siv~diaelyfdw +nd p+Yabl~i~snd shal~bear lnt ast f~om tM dat~vtF?creoffuroil pa'idf at~tM,rra e'ol nine psr centum pe~ annum and to~ether with wch intereat shall be secured by tM lien of thb mort~ape. _ I. To permit, commit w suffer no waste, imp+irment w dNerioration of said prope+ty o? ~nY W„ ~ht~~f• ~ S. To pay sll and sinpular the costs, ch+rpes ar+d expenses, includirg a resson+ble attwney i fe~ and costs of abs~racts of title, incurred o~ p+~d at t any time by wid MORTGAGfE, betause w in the event of ths failu~e on the parf of the uid MORTGAGOR w d~ty, promptly +nd f~~~Y Pe~fw^b dixhargt. execute. eifed, tomplete, comply with and abid~ by each and evcry the stipulatans, agreements, conditions. ~nd covenants oi said p?omissory note and this morrgaye any a a~her. and said costs, chuges ~nd expenses. each and every. sFwll b~ immediately dw and payable: whether o~ not ~here be ~+oiice dr mand. ~ttempt to collect a wit pa+dingj and tM futl amo~nt of each and every such paymcot sha~l beu interest from the date thereoi u~til paid at ~he , rare ot nine per centu:n per ~nnum; and all said costs, charges and expe~us incurred w paid, lopethar w~th svth interest, t!?all be setured by the lien of thu ~ mwtpsge. 6. TTwt (a) in the evcnt of ~ny breach of this Mortga9e or default on the part of ~he MORTGAGOR, a(b) in the event eny of sa~d sums of mo~ey herein refe«ed 1o be not promptly and f~lly paid within thirfy (30) days next aire~ the same severally betome dw snd payable. without demand or notite, or i~ the evcnt each and every the sliputations, agreements, conditwns snd coven+nts of sa~d promiuwy note and th:s mortgage ~~y a eithe~ are no1 iuly, promptly a~d fully periwmed. discharged. executed, effected. completed, complied with and abided by. then in either or any such event ths said ag greyate sum mentiaxd in said promissory ~ote then remaining unpaid, with interest accrued. and atl moneys sKUred hereby. shall betome d~e and pay- able fwthwith, w ~hereafter, a1 tl+e option of said MORTGAGEE, as (~tly and completely aa if all of the said wms of money were w~ginally stiputated to be paid on such day, anything i~ said promissory note w in this Mortgage to the contrary notwithatsnding; and thereupon or thereafter at the op~~on of said MORTGAGEE, without notice a demand, s~it at law w I~ equity, therefwe a thereafter begon, may be proxcuted u if all naneys secured hereby had maturcd pnw to its institutio~. 7. lhat in the event thaf at the beginnina of or at any time perding sny suit upon this Nbrtgage. a to foreclose it, or to reform it. a to enfores payment of any daima hereunder, said MORTGAGEE shaH apply to the Court having jwisd'sctio~ thereoi 1w the appantmeni oi s iceceive~, 3uth Cwr: st~i~ fathwith appoint s receiver of said mortgaged prope?ty all and singular, i~clud~ng all and singul~r the income, pro(iu, iuyes +nd reven~es from whatere~ source derived, eath and every of which, it being txpressly untkrstood, is hereby mortgaged as if spetifically set fath and dewibed In tfie gra~ting and habendum clauses hereof, and such Receiver shall have all the broad and eifeaive (unctions and powers in anywise entrusted by a Court to ~ Receiver, end such appamment shall be made by such Cowt as an admitted equity and a ma~ter of absolute right to s+id MORTGAGEE, ~~d without reference to the adequacy w inadequacy of the wl~e of the property mortgaged w to the sorverxy or insolve~cy of said MORTGAGOR or the defendann, snd that such rents, profin, incane, iuues ar+d revenues shall be applied by such Receiver accadi~g to the lien a equity o( said MORTGACaEE and the practice of wch GouA. 8. To duty, promptly and futly perfwm, dixha?ge, execute, effect, complcte, comply with ~nd abide by each and every the stiputations, agreements, conditans and covenants in said promissory nots and this mwtgage set fwth_ 9, That in the event the ownership of tFK morigsged pre+nises, w any part thereof, becomes vested in a perwn other fM?sn fhe MORTGAGOR, fhe MORTGAGEE, iri succeuors and assigns, may, without ~otice to the MORTGAOR, deal with such succeuor or successor in interest with reference to this mortgage and the debt hereby secured in the same manne? as with Mortgagw without in any way vitiati~g or d~stharging the Mon9agors' liability herr under o~ upon the debt hereby secured. No safe of the premises hereby mortgaged and•no fwbearance on the part of the MORTGAGEE a its successors or auigns and no extension of the time fw the payrt+ent of the debt hereby secured given by the MORTGAGEE or its tuccessors or auigns, shall operate ro releau, discharge, modify change w affect the orig~nal liability of the' 1NORIGAGOR he~ein, eitF~er in whole w in part. 10. It is specifically agreed tkat time is of the essence of this contract and that no waiver of any obligation hereuncler a of the obligaYan se- cured hereby sha~l at any time thereafter be held to be a waiver of the terrtu hereof w of the instrumeM setured herby. 11. In add+tion fo the forego:ng monthly payments of princ"pal and interest reqvired by the pranSssory no?e secured hereby, mortgagor cove~ants and ag~ees to pay to mortgagee w~th each monthly payment an addi~ional sum estimated by mortgagee to be equal ta 1 f 12 of the annual cost of the follow- ing: A-All real property taxes levied or auessed against the above described real estate. B-Prem~ums on fi~e and windstwm insurance as herein requ~red to be carried on the improvements situate o~ the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall irom time to time deem fit to wrry on 1he loan secured hereby. I Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable Fxreundet and such wm shail thereupon be due and { Fayable on the due date oi the next nwnthly payment and each successive month thereafter ur.til mwtgagee shall notify mortgagor of a change in such ! amount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaraniy insurance ~ premiums. k IN WITNESS WHEREOF, the saed MORTGAGOR has hereunto set his hand and sea) the day and year first sfwesaid. Sig , Sealed a deliv in t presente of: an ~ ~ . ~ ~ d (Seaq ~ ~Se~l) STATE OF FLORIDA ~ 55. couNtir oF St. . Lucie Befae me personally appeared Ralph B. pIOCtOI and M• Ruth Proetor his wiie, to me well known and known to me to be the i~dividvats desuibed in and who executed the for oing instrument, and ack~wwledged beFore me that they exetuted the same for the purposes therein expressed. And the sa:' M. Ruth ~roetor w~fe of the said Ralph B• pIOCtOI _ vpon a sepsrate and privste examination by me taken separate and apart from her said husbsnd, ~tkr~owledged to and befwe me that she executed said ir?strument freeiy and volu~- ra~ily and w~thout any compuls"an, constraint, apprehensipp[pr feu of or from her said husband. - - ` O LL(. ~ ' 4 WITNE55 my hand and official seal thi~ day of A. D. 19~ ~~~11/i11E11/llxr/ ~ - 4~~Ep Notary Publ'K in and w t State ,~.allaryi R, ~ ~ ^ ~ ~ ~~K ~~~y f~.~. My Commiu'an e:pires: r~ S ~ J'~'~ ~ R ~ t ~ T o: f~ Q!~ ~tSIIA B R? ~ n:.~- first F e dera l S avi s 3 loan Associa t~on R~ ~ T ~ i O V ~ ~ J.~ ~ ~~Eat e ~ _ ~ ~~h,~,~~rZtR~,E~ ~ Of Fo~t P~erce. pFf•ARO VE„~'iE~ r. :~i T 18 = Fort Pierce, Fbrida ~ ~ - ' ~ ' ~ ~ ~ ~ ~ . ~ w:wW ) Nuu~wG '~$e. ~V 1(i: ~ i J • C • i: .ro 2o a~'~ ~ ~ n ,1 v - - • , This Instrument Prepared By g~Chdrd K. Kdyes ~8~r~/~ ~ ' " First Federal Savings 8 Loan Associefiion of Fort Pierce~ Flo]cida E Checked By ~ BOOK2~~ PAGEIJ~ - - _ - - - - ~ ~ . ~ Y '3 _ - _ _ ~ i~< ~ _