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Home My WebLink About0304 9. To p~ece a~d cor+rinuously kcep on tF+e bui'd~~gs now a Mreafte~ u~uste on said Iand snd o~ +~1 equipme^~ i~d P~'so"~~~Y ~overed by Ihis matg~ sp~, with all prem;~rrw ~hereon pa~d in 1u11, I~re insu~a~~s ~n tM usual standard po~icy fam, in • ium •p.~+o~rd by tFie MORiGAGEE, and windstam insur~nce In ~M usual ~~andard pol~cy form, in + ium ~pp+ov~d Dy tM MORTGAGEE, in such comp+ny c? comP+n~es as ~he ?AORTGAGEE m+y dir~d; ~nd all (ire and w~ndstorm insurante polK~es on +ny o1 said bviid~nps, any interes~ therein or part thereoi, in the iggreqa+e aum afaess~d a. ~ In e~cteu Ihereoi, shell tontain tht usual sNndard rt:Wt9ape~ ttause or such othe~ clauts ~s Ihe Malgages may requ~r~, makinq the loss under sa~d po~4 , cies, each and tve~y, payable to said MORTGAGEE as ~q imerz~t may sppear, ard each ~nd eve~y such poiicy ihall be prompUy su g~ed and delivered ~o any held by s~id MORTGAGEE ~s fu~~her aecur~ty to uid mortyafle debt, and, not leu 1h~n ten (10) dayi in advance of the exp~ratio~ of eich policy, to de- liwr to said MORTGAGEE a renewsl thereof, to9e~Aa with a roce~pl (w the p~e~n~u~n o1 such ~enewal; and there shall be no f~re o~ w~nds~orm i~»urancs plsced on ~~y of sa'sd bu~td~ngi, any inte~cst thsre~o or p+r~ theraof, unle~s in the iorm and with tM lou psYable as a(weu~d; and in ~he event any aum of money becomes payable v~da such poliq w po~Kies uid MORTGAGEE ~hall have the option to ~eceive and apply tho same on account of the Indebted- ness secured hereby w ~o pe~m31 sa~d MORTGAGORS ~o receive and use it a any parl ~hereof fa o~her purposes, v.~~hout tharcU/ w.ti~irt~ o~ ~~~~P~~~' iny any pvity, 1'~en ot right unde~ or by virtue of this mor!yage; ~nd in ihe event u~d MORTGAGORS shall fa any ~eason fail fo keep the said {uemisrs so inwred, or tail 1o deliver promptly ~~y of said po~Kies of infuranca to said MORTGAGEE, u(ail p?omptiy fo pay fvily a~y premium ~herefw or in anY ~ respect (ail ro psrtorm, d~xharge, execute, eif~ct, tompfete, complY with and abid~ by this covenant, w ~ny par~ hereof, said MORiGAGEE may pisce and . r .~.~.,t aif.e~:no anv mtion. IiN+, aauitv, o+ riyht under w by virtue of this Mo~tgage, and ~he - : ' w. .r. . . - ~ full aroount of each and every suth paymcnt shall be imrnediarely dw and pivabk and shall be~r interest irom the dat~ tnereot untu paw e~ ~i~e w~e v: nine psr tentum pe~ annum and logether with such interest shali be secured by the ~~en of this motl9age. To permit, commit w sutfer no waste, impairment or detcrioration of uid p~ope?ty or ~ny part thereof. ~ 5. 1o pay all and ungufar the costs, chuges and expenses, including a reasonable atto~ney's fee ~nd coets oi ab~trads of title, i~curred or paid at ~ any time by said MORTGAGfE, becauss or in the event of the (aelure on the parl.o! the said MORTGAGOR to duly, promptly snd fully per(am, d~scharge. execute, effect, complete, comply w~th and ab~de by exh and every the stipulations, sgreements, cw~d~tions, and eovenann of ~aid promissory note and this mortgsge any w eithe~. a~d sa~d coats. charges and expenses. each a~d every. shafl b~ immediately due and paysble: whether a no~ there be r.otice d~ mand, attempt to coltect or suit pend~ngt and the (uq en+ount of each and e~Ny such Payment thall bear iNerest from the date thereof until paid at Ihe rate of n:ne per centum per an~~~m; and all said cos~s, charyes and expenses incwred or paid, together w~th such interes~, shall be secured by the lien of thi~ mortg~ys. 6. That (a) in the event of any breach of this Mortgaye o? default on the pa?t of the h10RTGAGOR, a(b) in the ~vent ~ny of sa~d sums of money herein referred to be not p~omptly and fully paid within thirty l30) days neat afrer the same xveralty become due and payable. without dema~d or notice. er (c) in the event each and svery ~he stipufations, agrcements, condiiions and covenants of sa~d promiuory note and th~s mo~~page sny or eithe~ are not iuly, promptly and (v11y performed, dixl~a~ged, eaecuted, effected, completed, compl~ed w~th and abided by, tha~ in either w any such event the said ag gregate sum meMioned in said promissay note then remaining unpa~d, wirh intcresl acuued. a~d a11 moneys secured hereby. shall become due and pay able forthwith, w thereafte~, at the option of sa~d MORiGAGEE, as fully and comptetely as if ~II o( the said sums of money were a~g~nelly stipuiated to be pa~d on such day, anything in said promisswy note w in this Mortgage to tl~e contrary notwithstand~ng: and thereupon w thereafter af tF~e op~ion of said MORTGAGEE, w:thout notice or demand, suit at law u in equity, therefore or tF~eafte~ begun, may be prosetuted as if all moneys setured hereby nou niiiV?2i~ ~i(~vt :3 :ii i.-S: 7. Thaf i~ the event that at tht beginning of w at any time pe~ding any suit upon lhis Mo~tgage, o?- to foreclose it, or to reform it, or to enforce payment of any claims tkreunder, said MORTGAGEE shall apply to, the Cour~ having ju+isdictio~ thereot fot the appo~ntment of a Receiver, such Courf shall forthwith appoint s recei~e~ of said mwtgaged property all and singular, includ~ng all and sing~la. fhe ~~+come, p~ofits, iuues and revenues from whatever source derived, each and every of whict?, it be~ng expressly u~derstood, is hereby margaged as if speufically set forth snd deWibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effedive funct~o~s and powcrs in anywise enlrusted by a Covrt to a Receiver, and s~.,ch appoimmeM shall be made by such Court as an admitted equity and a mattn of abso3ute rigM fo said MORTGAGEE, and without referente to the edequaq or inadeqoacy of the value of the property mutgaged or to the wlve~cy or inso~venty oi said MORTGAGOR a the defendanri, and that such renrs, profits, income, iasues and ~evenues shall be appiicd by such Receiver accord~ng to the lien w eqvity of said MORTGAGEE and the practice of such Court. ' - 8. To duly, promptly and fully perform, discha~ge, execute, effect, complete, comply wilh and abide by each ~nd every the stipulations, agreementt, co~ditions and cove~ants in said promissory oote and this mortgage set fwth. ' , 9. That in the event the ownership of the mortgaged premises, o? any part thereof, becomes vested in a person other than the MORTGAGOR, the M.ORTGAGEE, its successors and ass~gns, may, without ~otice to the MORTGAOR, deal with such successo~ w successu in interest with reference to this mortgsge and fhe debt hereby secured in the same manner as with Mo~tgago~ without in any way vitiating or d~xharging the Mwtgagori liability hert under w upon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbesra~ce on the paA oi the MORTGAGEE w its successors or assigns and no extension ot the time fa the payment of the debt hereby secured given by the MORTGAGEE or its successws or auigns, sFall operate to retease, d~scharge, modify chsnge w affect Ihe orginal Iiability of the MORTGAGOR herein, either in whole w in ps~i• 10. It is speufically agreed that time is of the esse~ce of this contract and that no waive~ of any obl~gat+on hereunder or of the obligation se cured hereby shall at any time thereafter be held to be a waivz~ of the terms hereof or of the instrument secured herby. 11. In add;t~o~ to the Fwego:ng mon~hly payments of princ pal and interest required by the promissory note secured hereby, mortgagor covena~ts and agrees to pay to mortgagee with each monrhly ~ayn~ent an add~rional sum esuneated by rtwrtgagee to be equal to 1/'12 of the annual cost of the follow- eng: ! A-All real property taxrs levied or assessed agai•~st the a6ove descrir.ed real es?ate. ! B-P~emiums on iire and windstorm ~nwrartte as herein requ~red to be carried on the improvements sitva!e o~ tF?e above described premises. i C-Premiums on such mwtgage guaranty irsurar~ce as mortgagee shail from t~me to time deem fit to wrry on the loan secured hereby. r Mortgagee shail (rom time to time notify mortgagor in writ~ng of the amount due and payable hereur?der and such wm sFwll thereupon be due and ~ ~.ayabfe on the due date of the near monthty payment and each successive month thereafter until mortgagee shall notify mortgagw of a thange in such k a~>>ount. Such s~ms shall be applied by mortgagee tarvard the payme~t of real prope?ty taxes, i~surance prem:ums, and mortgage guaranty insurance ~ E ~emivms• ~ IN WITNE55 YIHEREOF, the uid MORTGAGOR has hereunto xt his~hand and seal the day a first a(oresaid. ~ Signed, Seated arsd deli~rcred in tfie presence of: ~ ~ f1Lf0 ~~f'~1a0E0 a4 sj_Li1Cit ~4,~MQAS~A. ~L• an _ PUC~": ~u~i COJ . cAK ar ~an - Ct- REC;iFC V=~~"~`~ t~a4 ~ SSATE Of PLORIDA J(~L ~,5 15 ~ p~J~~ ~ 3~ •0 < < couNTr oF St LuCie Before me personalty appeared Donald Napier ~ a~+a Thelma L. NaQier " h~s w~+~, to me well Enown and known to me to be ~ the individvals described in and who executed the foregarg instrument, and ackra~wledged before me that they exetuted the same for tix purposes rhe~ein expressed. And the sa~d Thelma L Na~ier w~fe of the u~d Donald Na,_.pier - ~P«, a separate and pr~vate e,~aminaCwn by me taken separate and apart from her said hvsband, ~cknowledged ro and befote me that she executed said instrument freely and volurr tari{y and without any compulsion, con:traint, apprehens~on, o? fear of w from her said husbsnd. ~ WITNE55 my ha~d and official seal this 23rd day of A. D. 1924- _ L ~ Notary Publit in and ~or the ate of Florids et Larye ; . My Comm~ssion expir~~s. Retum Ta Fint Federal Saving~ 3 loan Associat~on Of Fort P~erce. t:t•TA.RY Fl~~! tC. S?pTE et fLORIDA at IARGE ~ t: ~,r,~`; :`:IiS10?1 fi(Pl~ES 1FN. 7. 1977 , ~;a Fort Pierce. Florida 6y ~(iltiii.iil eillktfi IQiND11C~'C'O,t',1._If:i/'/~t ~ . i ~ ~ " ~ l ~ ~ ' ~ • -.~v'•;. ' . ~ This Instrument Prepared By RiChard K. IC,~?yes _ _ : a • u= - ~ First federal Savings 8 Loan Association i r,~ ; o= _ of Fort Pierce , Florida ~ ~ ° • ~ ' ~r - : : o_A. 4 Checked By : pQ~ 4 ~ : _ _ , , b ~ BOOK~O PA6t JV~ ' 'J,~~:;•• ~ ~ . ; , . ~ • ~ ~ . _ - _ _ _ " . _ y_F -6 _ . . . . . . . - , ...."~-F