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Home My WebLink About2911 ~ To plact and continuously keep o~ tha bui!dinqi now or hereaft~~ ~~tuate on se~d ~and and on all equipnent and personally covsred by ~his ma1¢ ege, with all premiums thereo~ pa~d in (ull, fire ~ns~rance ~n ~he ueual standard po~icy form, in a sum app~oved by the MORtGAGEE, and windstam ~nsursnct in tha usual standard pol;cy form, in a aum approved by the MORTGAGEE, in such company o~ ca~pan~es as ~he MORTGAGEE may dirctt; and all firs and w~nd~?orm insufa~ce policie~ on any of said build~~gs, any interesl therein or pa?t thereof, in IM aggregate tum afwesaid ot in eacesa thereof, shaU contain ~he usual standard morrgagee clause w. wch other clause a ~M Ma~ga9es may re~u~r~, maAing the loss under ia~d poli- ues, exh and every, payab!e to said MORTGAGEE ae ~t~ interest may appear, and each and every such poi~cy shaN be promptly ass g~~ed and delivered to y any held by said MORiGAGEE ~s further security ~o said mortgage debt, and, ewt less than Ien (10) days in advance of the expirat~on of each pol~ty, 1o da t fivei to seid MORTGAGEE a renewal Mereof, togelhar with a rece~pt for the premi~m ot such renewal; and there ~hall be no f~re or winds~onn inwrance ~ placed on s~y of said buildings, any interest therein a par~ thereof, unl~ss ~n tAe form and with fhe loss payabte as aforesaid; and in the event any ium of monsy bccomes payable under such policy or pol~cies said IAORTGAGEE shall have the opnon to receive and apply the same on account of the i~deb~ed~ nes~ secured haeby w to permit said MORTGAGORS to receive and uae it or any part thereof fo~ o:her purpoies, s.~tho~t ~h~+ru~ .va~~~~~~ o~ ~~~~p:j~~- ~ng any equ~ty, lien a~~gh~ undar w by virtue of this mo:'gage; and in the eve~t ia~d MORTGAGORS shall for any reason fail to keep the said p?emisrs io ~nsurrd, a fait to de~~.r~ p~anptly any ol said po~~cies of insurance to said MORTGAGEE, or tail promptly to pay fully any prc~nwm therefor w in a~y respecl fait to perfwm, discharge, exec~te, eifecL compteta, canply with end abide by this covenan~, or any part hereoi, sa~d MGRIGAGEE may piace snd r pay fw such inau~ence w any parl thereof w~thou~ waiving or affecliog any opt~on, lien, equ~ty, or ri9ht under w by vir?ue of this Matgage, +nd the ~ '~ll amouN of each and every such paymeN shall be immedietely due and payable and shall bear interest from the date Ihereof until paid at the rate ol ~ r~ne per cen~um per annum and to~ethcr with such inteicst shaU be srturcd by Ihe lien of th~s mortgage. ~ 1. To permit, commit a suifer no waste, impai~ment or deterioration of said property or any part thereof. S. To pay all and aingu~ar the costs, cl~arges and expe~ses, inctuding a reasoneble atto~ney'a fee artd costs of abstrac~s of titte, incurred or psid at any ~ime by said MORT(;AGEE, because or in the event oi the fa~lure on the par~ of ~he said MORTGAGOR to duly, promptly snd fully perform, d~xharge. ~ ~xec~te, etfett, comple~e, comply wdh and ab~de by each and every the stiputat~ons, agreemems, conditions, and covenants of said promiswry note and this ` e ~~ortgage any or ei~her, and sa:d cos~s, charges ar.d expenses, each and every, shall be immediately due and payable; whNher a no1 there be notice do- niand, a!templ to tollect or suit pe~d~ng; and ~he full amount of each and e~ery s~ch paymenl shall bea~ interest (rom 1Fk date thereof until paid a1 the ~ r,~re oi nme per ce~~t~m per an,iu:n; and a11 said costs, charges and expenses incurred or paid, together w~th such interest, shall be setured by the lien of thi~ mortgage. 6. Tha1 (a) in the event of any breach of this Mortgage or defaul~ on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and lully paid within Ih~rty (30) days next after the same aeverally become due and payable, without demand w not~ce, er !c1 in the event each and every the stiputations, agreements, tonditions and covenanrs o1 sa:d promissory note and th~s mortgage any w either are not 1~iy, promptty and fully performed, d~scharged, eRecuted, eifected, compteted, tompGed w~th and abided `ay, then in e~ther w any such evenl the said ag gregate sum meMioned in said prom~ssory nate then remaining unpaid, with i~teres~ accrued, and all moneys secwed hereby, shall become due and pay- ao e forthwith, or therea(ter, at the op!:on of sa~d MORTGAGEE, as fuily and comptetely as ii all of Ihe sa~d sums of money were wiginally stipulated ro h~ pa.d on such day, anything ~n sa~d pro~n~ssory note or in this Mortgage to the cont:ary notwithstanding; and Ihereupon or thereafter at the option of s.+:d MORTGAGEE, without nonce cr demand, suit at law or in equity, therefoie or thereafrer begun, may be prosecuted as if all moneys secured hereby r::d matured pnor to ~ts institutio~. 7. That in the event that at the beyinni~ig of or at any time pending any svit upon this Mortgage, or to foreclose if, o~ to reform i1, or to enforte payment of any cia~ms herrunder, soid MORTGAGcE sha!! apply to the Court having ~u~~sd:ctiw~ thereof for the appointment of a Receive?, such Court shall Fu; rhwith appoint a receiver oi said mo+tga~ecl prop~rty alI and sing~lar, inctud~ng o11 and s~ngu~ar the income, profits, issues and revenues irom whatever s~urce derived, each and every of wh~ch, it br~r.g exp:essly understood, is hereby mortgaged as if speciiically set fath and described in the graoting and hsbendum cfavses hereo4, and such Receiver sha11 ha+e ail the b~oad and effecrive funct:ons and powers in a~ywise entr~sted by a Cov~t fo a Receiver, and ;_ch appointment shalt be made by such Gourt as an admitted equi~y and a matter oi a!,nolufe right to uid MORTGAGEE, and witMut reference to the ac:equacy or inadeqvacy of the value of the p~opcvty mongaged or to the so~vrncy or ~n:olvency of said MORiGAGOR w the defendants, and thaf such , c=.rs, proiits, income, issues and revenues shali be applied by such Receive• accord~n9 to ihe lien or equity of said MORTGAGEE and the prsttite of such Court. 8_ To duty, promptly and fully perform, discharge, ezecute, effect, complete, comply with and abide by each and every the slipulations, agteements, ~ ,cndit~cns and covenants in sa~d promissory note a~zd this mortgage set forth. ~ r 9_ That in the event the ownership of the mortgaged premises, or a~y part thereof, 6ecomes vested in a perwn other ihan the MORTGAGOR, the •.'.7RTGAGEE, its successcrs and assigns, moy, wifho~t noiice to the MORTGAOR, deal wi~h such successor w successor in interest with reference to this ~,:o-tyage and the d.bt hereby secured m the same manncr as w~th ldortgagor withcut in any way vitiating or d~xharging the Morrgagors' liability hert dc~ or upon the drb~ h~reby secured. No sate oi the Fremises hereby martgaged ar.d n~ forbearance on the parl of the MORTGAGEE w its successors o~ assigns and ~o extens~on of the time fw the pryrr.rM of the debt hereby secured given by the MORTGAGEE or its successws or assigns, atiall operate ~o re~ease, d~scharge, modify change o+ affect the orig~nal iiabifty of the MORTGAGOR herein, either in whole or in part. i 10. It is spec~ficaily agreed that timr is of the essence of this contract and that no wbiver of any obl~gat~on hereunder w of the oblgat'an sr j cured Fw.reby shali at any time thereafter be he:d to be a waiver of the !erms hereoi w of the instrumenf secured herby. ~ F l l. In add•r~n~ ro the fo~ego'ng month!y payn,~ms of pnnc pal and inte•est reqo~red by the pramtssory nor~ secured hereby, mortgagor eovenants _ d agrees to pay to mo~tgagee .:irh exh monthfy pay~ ;ent an add~~ional suci ez?~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- i t 7 ~ A-All rea~ property taxes ~ev~ed or assess,ci J~dr:51 the above described real es+ate. ~ g-F;en;w~:=.s on fne and vfindstor~n ins~ra:.ce as hecein req~:red to be carried on rhe Improvemeats situate on the above described premises. ! ~I C-Premivrns on such mortgage 9uaranty ir.surance as martgagee shatl from t:me to time deem fit to carry on the loan secured hereby. ~ hlortgagee shc:~ from ~ime to !~me nc+~fy mor~ya3cr m writ[ng of the arr.ount dve and payable hereundrr and such sum shall thereupoo be due and t ~ yb:e on th: due eate of rh? nexr ~,ia~fh.y payment and each successive mon!h the~eafrer urtil mortgagee shatl notify mortgagor of a change irt svch ; E oum. Suth sums sFa~l be appl~ed by mor!gag•~e toward the payment of real prope~ty taxes, insvrance prem.ums, and mortgage guara~fy insurance i ~ c.., i ~ms. : ~ IN ~YITNESS NHEREOF, tha sa~d MORTGAGOR has hereunto set his hand and seal the day and yea f' t afor id. ; Signed, Sealed and delive~ed in the presence of: ~ a0 : 'r~~, C CG~I~CC H r . Laver ~,n ` - (Seaq - _ Janet . Lave ~,i) ~',:iE OF FLORIDA - ) CJvNTY OF _ St. Lucie ~ ~ Before me pe~sonally appeared Henzy [.avery and i Janet Cs. j.dV@1 V his wife, to me well known and known to me to be ~ ;h, individuals described in and who executed the foregoing instrument, and acknowiedged before me that they executed the same for the purposes r~e•ein expressed. And the :~:a Janet Ci. Lavery ::;le of the sa~a _ Nenrv D. I.aV@Yy opon a separate snd private xa~r:+nat~on by me taken separate and apart from her said husband, atknowledged to and befwe me thaf she executed said instrument freely and volurr ~~r~iy and wrthout any compulsion, constraint, apprehens'on, or fear of or from her said busband. WITNESS my hand and official seal this___-_~?~ day of ~y A_ D. 19 74 ~ `;.~s~!~l1~~fj! - _ ? _ ) _`Vi ~ ~~l.a~-i f~•~ Notary Public in and f r the State of Fbrids af Lsrge s~ _ ~ - i' My Commission expire : ~ d p 7 r. . . ~ ~,o~ , . • j' FirtT F9d~r~ nngs 3 LoaQ As~ciation _ : f~n BAce,; ' At~Q RfC0R0E0 ' ~ : For~~ierce, I ~ - , , f~ c~~ ~ sT ~uCiE couNTY F~A. ! ; s, s~ i ~-_~~•`c. : ROCcn ~~iTRAS' ~ ~ • - 4 _ CLERX C1;CUt7 COURt ~.;,ti' • ~ RECGf ~ YER'FtED 4 T ~ Thisr~S~~nf Prepared By J. H. Roberts Jr. fj ~ First Federal Savings & loan Association ~4 iZ ~ of Fort Pierce ~ Florida # ~ Checked BX ~ ~~i ;~~~9 3 ; i ~~7 PAGE 29~ ~ - - - _ _ ;F_°:- ~ ~ _ - ~ x ~ , _ _ x