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Home My WebLink About2088 To plac~ and con~in~a,sly keep on the bui!d~ngs now on c~reaf~er ~ituafe on said I~nd and on all equipment and perionally covered by thi~ mat¢ age, with all premiums thereon pa~d in full, fi~t in~urancs ~n tM usual standard pollcy form, i~ a sum approved by ~he MORtGAGEE, and windstorm a, lnsurance irt the ~sual s*a-~dard po~tq tam, in a sum aRproved by Ihe MORiGAGEE, i~ tuch company w tanWni~s ss ~h~ MORTGAGEE m~y , direclj ar?d ~II fir~ and winditum ie?iurance polities on ~ny of said build~ngs. sny inlerest the~ein or part Ihtreof, i~ the ayp~egai` tum al~esaid ot . in exceu Ihercoi, shall contain ths us~al s~a~dard mw~gagee dause w such othe~ dause as the Matyagee may reqw~~, maAir+~ the losi unda said po~M des, each and every, payabl~ to said MORTGAGEE ai its intcrest may appear, and each and avery such po~icy shall be prompNy +ss gned and d~livered to eny held by said MORiGAGEE as f~r~her secu~ity +o said mort9ag~ debt, and, not less tt~an ten (10) days in advance of ~he expira~~on of e+ch policy, to d~- liver to sa~d MORTGAGEE a r~new~) thereof, togelher with a ~ece~pt fw the premium of such renewal; and thert ihall bs ~0 1'ue w windstorm insuwnt~ plac~d on any of s~id buildings, any inte~est thercin or par~ thereof, unless in the fo~m a~d with the lou payabk as aioressid; and in the event any sum of money becomas payable v~de~ iuch polity w policios wid MORTGAGEE shall have ~he optio~ lo ~eceive and apply the sart+e on atcouM of the indebted~ . nru secured he~eby w to ptrmit said MORTGAGORS to receire and use it w any part the:eof tor other pw~~oses, wiihout ~h~rfb/ waiving or ~mpair- e ing any puity, lien a right under or by virtue of this morrgage; a~d in the event uid MORTGAGORS shall for any reason fail to keep the sa:d pran~ses so . r insured, o~ fai) to delive~ promptly any of said pol.ues of i~sura~ce ~o said MORiGAGEE, o~ fail promptly to pay fuily any prem~um therefw or in ~nY respett tail ro perForm; discharge, execute, e~fect, compte~e, comply with and abide by this cove~ant, w any part hereof, said MORTGAGEE may p~ace and pay iw suth inwrante o~ any part thrreof without waiving or affec'ing any optiw~. lien, equity, w right undN w by virtue of this Mwlgage, and tht fu11 arnount of ~ach and every such payment ahall be immediately due and payable snd shall bear interest from the date thereof w~til paid at the rate o1 • nine pe~ centum pet annum and to~riher with auch interest shall be secured by the lie~ of this mortgage. 1. To pNmit, commit w suffer no wasle, impa;rment or deter~oration of said property w any paA thereof. 5. To pay all aod singu~a? the costs, chargea and expensea. inclu~~ng a reasonsble attwney's fee and costs of sbstrsds of title, incvrred o~ paid st any time by said MORTGAGEE, because w in the event of rhe failure on the part oi the said MORiGAGOR to duly, promprly and fully perform, d~xharge, >xecute, effeu, comp~ete, comply w~th and ab~de by each and every the s~ipulat~ons, agreements, conditions, and covensnts oi said promissory note and this ,ror~gage any w e~ther, and sa~d cos~s, charges and expe~ses, each and every, shall be immedia~ety due and payable; whetF~er w not there be notice da mand, attempt lo coIIM w suit pend~ng; and the full amount of each and e~ery such payment shall bear intercst from the date fheceof vntil paid et the .~re of nine per centum per an~w~~; ar~d all said costs, charges and exp.:nses irxurred or pa~d, ~ogethar w~th suth interest, shall be setured by the lien of thii mortgage. 6. That (a) in the event of any breach of this Vlwtgage or default on tFr_ part oi the MORTGAGOR, w(b) in the event any of said sums of money herein referred to be not promptly and fully paid wi~hin thirty (30) days nexl a~rer the same severatty become due and payable, withoul demand w notice. cr (c) in the event each and every 1he stipulatiens, agreements, conditions and covenanrs of sa~d promiuory note a~d th~s mwtgage any a e~ther are not iuly, prompdy and fully pe~formed, d;scharged, eKecvted, eifec~ed, tomp~eted, complie~ w~th and ab~ded by, thtn in either or any such evenl the sa~d ag gregate sum mentioned in said promiuory note then remai~ing unpaid, with interes~ accrued, and all morieys xcured F~ereby, shall betome due and pay- ab'e forthwith, w thereaftN, ~t the opt~on of said A10RTGAGEE, as fully ard comp:etely as i( all of ~he sa~d sums of money were wiginally st~puleted to he oa:d on such day, anytAing in sa:d promissory note w in this Mortgage to the contrary notwithstanding; and thereupon or thereaftm at the op~ion of s~~d MORTGAGEE, without notice or demand, su~t at !aw w in equity, the~efwe ot thereaiter begun, may be prosecuted as if all moneys setured hereby r.;d maWred pnor to ~ts institutwn. . 7, ihat in the event that at the beginning of or at any time prnd~ng any suit upcn this Mortgage, a to faetlose it, w to refwm it, w to tnforte payment of any claims hereunder, said MORiGAGcE shall apply to the Gour1 haring ~~r~sd~ction thereof for the appointment of a Receiver, such Co~rt shall i~-1h.vith appoint a re:eiver of said mo~tgaged prope.ty all and singular, inuud~ng a11 and sinoular the income, prof~ts, issucs and revenues ftom whatever s; ~•c~ deriverl, each and every oi wh;ch, ~t being express~y underssood. is hereby mor~gaged as if spec~fically set forth and desaibed in the granting and t~joendum ciauses hereof, and such Receiver shall ha+e all the broad and effecri~e func:.ons and powers in a~ywise entrusted by + Gourl to a Receiver, and s_ch appointmcnt shatt be made by such Cou~t as an admitred equity and a n:atrer of abio'ute right to said MORiGAGEE, and witFaut refe~ente to fhe adeyvacy or inadequacy of the valve of the properry mortgaged or to the so~vency or m~ui~ency af said MORTGAGOR or the defendaNS, and ?hat such ems, profits, income, issues and revenues shall Fx applied by such Recr~ver accord~ng io the (ien w equity of said MORTGAGEE and the pradice of such Co~rt. 8. To duty, premptly and fu:~y pe~form, d~scharge, execute, effect, complete, compiy with and ab~de by each and evtry ihe siipuiations, agrtemants, conditiona an~ covenanes m sa~~+ prom~ssor~ nose and th~s mongage set forth. 9. TF.at in ihe e~ent the ownership of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person other than the MORIGAGOR, the .;GRTGAGff, its successors and assi~ns, may, w4rhou~ noace to the l.".ORTGtiOR, deal with such successw or successor in interest with rcference to this o•tgage ar,d the dent hereby secured in the same manne~ as with ~dortgago~ without in any way viLating or d~xharging the Nbrtgagors' liability hertr cncirr or u,~on the drbt hereby secured. No saie of the pre~,ises hcrrby mongaged and no forbearance on the pa~t of the MORTGAGEE o~ its successo~s c- ass~gns and no extension of the t~me for rhe payment of the debt hereby secured given by the MORTGAGEE or its suctessoti or asiigns, ahall optrate ro reiease. d~scharce. modifv chanae or affect the orig~nal tiab~t~ty of tne htORTGAGOR herein, either in who{e w in part. 10. II is speuficatly a9reed that time is of tl~e essence of ~t~is contract and that no waiver of any obligaYwn Aereunder w of the obiigation se- r;red hareby shafi at any time thereaFter 5e he:d to be a waiver of the terms hereof or of the instwment secured herby. 11. In add:tio~ to the forego:ng mor.thf•i e,a/mants of pr~nc'pat and interest required by the prom~ssory no!e secured hereby, rtsorigagor covenaots d agrees ro pay to mo'~gagee with each mon~h'y pay.nent a~ add~riona! sum est:siated by mortgagee ro be equat to 1/i2 of the annual cost of the follow- , A-AH real property taxzs levied or assessed ayai~st the aoove desc.ibed real eetate_ g-Drer.:wms on fire and windstorm i(11V~~rCr dS nere~n requ:red to be carried on the ~mprovemeMS situate on the above described premises. C-P~emiun~s on svch mortgage guarant; iesura-ce as rno~tgagee shail frem r:me to time deem fit to carry oo the loa~ secured hereby. Mortgagee shal~ frem t~me to time no:~fy mortgago. m v~rit;ng of ~he an.oant due and payable he~eunder and such sum shail thereupon be dve snd ~ .,..b!e on ~he due date of th_> next month:y paymenr and each successive month ti~ereairer ur,til mortgagee shall notify mortgagor of a change in such ~ ..oum. Such s~ms sha:l be appiied by mortgag~~~ tohard rhe payment of real preperty taxes, insurance prem:ums, and mortgage guaranty insurance 'E'~`~UTiS. N Y1tTNE5S NHEREOF, the said MORTGl+GOR has hereunto set his har,d and seal the day and year first afwesaid. , , Se~qd and delive~ed in the prese~ce of: • ~ ~ L~ - oris a~ r sne, a marr adult - - ~s~.n - ~sNo . 1iS1lHy .i: , :,TE OF FLORIDA 1 ~ J'~., ; ~~bn~~ f; {.y 1 ~i~ .;:~NTY OF St I_Lr it~ i S5. ,,l~ .~r~-- ~.~~~i~~.:~;. . ~_7.~~~` ~ ' ~-/s:~~ Before me personally ap, eared f~~ ~ ' ` f . Ln NW4afiK, to m~ w~C 0pt+d, kno~ b~to bs t~,e individusl desuibed in and wFw executed the foregoing instrument, and acknowledged before me that S ~the~~C~or.~¢~p~~s therein expressed. XXXXXXJ~CX)CXXXXXXXXX~OCXXXX~OCX)OQOOCXX ' 1 . ~ ~ ~C~]G,iLIGXdO~r ? K+~~C~fiiffLO[~1C ~fiK3GKiF~7iilC~fiZGXYii~XJ~G~ . ~ ~ , WITNE55 my hand and offiual xal this day of Ma ~•="'a`~A. D. 19 74 Not Public in a~d (w t State f Fb/rida at Lar My ommiision expires: C~~ ~~J~ ~Q'~~ Retum To: ~ F~rst Federal Savings 6 loan Association Of Fort P~erce. Fort Pierce, Florida f LEO ANU RECOROEO ` :~,~UCI~ COUNTY fLA. ~ This Instrument Prepared By Gary F. Ellwood ROGER F~1TaAS CLERK Cti:CU~? COURT First Federal Savings 8 loan Association q~~~pb Vc~~ftEO~-- of Fort Piercer Florida Checked By4~ ~y t~ 9 43 AH ~T~ f"i / PAGE~OV ' . , ~ _ ~ ~ .r=~,,~. . _a . ~ ~ : - _ _ - _ ~ ~ _