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Home My WebLink About1458 To pl~c~ and continuously keep on ~1» b~ildinys now a Mrea(IN ~ituat~ on ~aid I~nd and on all equipmcnt ~nd person+ity covaed by this mort¢ ~ ~pa, wlth ali premiurru Iherson pa~d in full, tire insvrance in tF+~ u~val standar~ policy fwm, in • ium approvsd by the MORTGAGEE, +nd windstam iniuranc~ i~ IM ~sual ~?+ndard pol;cy fam, in + sum ~pprov~d by tM MORTGAGEE, in wch compa~Y c~ ca^P+^~~s +s ~M MORIGAGEE i+++y ; dlr~dt and all fir~ end w~ndstorm iniura~u policis~ on +ny of iaid buiid;npti ~ny in~~r~~1 ~M~ein a part thsreof, ie ~he +C9«9~~a wm ~fa~~aid a in ~xceu thereof, ~MII contain tM usual itand~rd mor~pa9e~ claus~ a such oihe~ ci~us~ a tM N4orfq~ may requ~r~. ma~inp the Iwf unde~ sa~d poli~ cies, eath and ~vsry. paYabl~ fo said 71AORTGAGEE ~s itf in?ere~1 may ippea?. ~nd eath and ew.y such policy ~hall b~ promptly ~ss.9ned ~~~d delivered to any Mld by said MORfGAGEE +s lurther security io faid ma~gaye delu, and, no~' leu tMn ten (10) days in ~dv+nce of ~M ~xpiratan of e~ch policy, to da IivN ro said MORiGAGEE a renew~l IMreof, topethK with a raceipl for ths pr~miwn oi s~tA renswalJ and ?hert sh~ll be no ~~re w wlnds~orm i~sunnc~ piat~d on ~oy of isid buifdirgs, any inter~st theroin o~ p~rt thtreof, unl~ss in tM form ~nd with tFw loss pay+bl~ ~ a(weaidt tM evtnt any sum .r. af nwnsy becomes p+y+ble unde~ such policy w polici~s said MORTGAGEE shall haw ths opt~on to receive a~d ~pply 1M su~u o~ +ccoun~ of ~he indab~ed~ ness secu~ed he+eby a ro permit said MORTGAGORS to rKe+~s and us~ 11 Or +nY pa~~ lhereoi fo~ other purposes, wi~hout thereb/ waivin~ or ~mpa~r inp a~y eqviry, lien or righl under or by virtu~ of thii mortpaqet ~~d in ~M ~vent wid MORTGAGORS sMll fo~ ~ny r~ason (ail ro keep ~he s~~d Wemises so insured, a f~i) to d~livtr pramptly anY of ~aid po~iciet of irqursnce to said MORiGAGEE, or fail promptly to pay ~u~ly +nY P~tmivm therefot o~ in a~y ~sspact fall ro pKEam, dixharge, sxecute. effed. compk~e. comaly wilh snd abids by Ihis coven+nt. p any pert lureof, ~aid MORTGAGEE msy place •nd ~i paY fa ~uth iruurante or any part thtreof without w~ivii?p w affettinp ~ny option. litn. puity. a ri~M undet a by virtw of this Morfgspa. ~nd the . 1 full amount oi each and ~wry such paymem ~h+11 be immediataly dw ~od p~yabl~ ~nd sMll bear intares~ from tha dat~ thereof ~mil peid a1 tM ~aa of ~ nine pt~ t~ntum psr ~onum ~nd togathe? wi~h such interest thali be secured by tM tiM of this mortgage• i. To permit, tanmit or suffer no wast~, imp+irment w dtterior~tion of ssid p?opKty w u~y pa?f thereof. S. To pay ail and d~spular ths costs, char9cs snd expenses, including a reasonabla attwney's fee and costs of abstrxts of titls, i~curred or pa~d at any time by said MORTGAGEE, because w in the event of ths failure on tM part of tha said MORTGAGOR b duly, pranplly and fully perform, d~uMrgR execute. effec~, complete, comply w~th and abide by each and every the stip~lations, syresmenn, conditi«u. ~nd covenants of said promissory note +nd this morryspe any w either. s~d said costs, ciurges snd e:pense~, each and avery. shall b~ immediately dve and payabk: whether a r?ot +1ier• be notice d~ mand, attempt to collect w wit penJ~np; u+d tM f~ll arta~nt of each ~nd every wcA payment sMll beu i~terest from ths date thereof until p~id ~t ~ne r~te of ~ine per ce~tum per annum; and alI said costs, charges and expenses incvrred w p+id, together w~th ~uch intereat, shall b~ ~etured by the lie~ of thi~ morty~ge. 6. Thst (a) in the event of any breach of this AAwtgaye or defa~lt on tM paA of the MORTGAGOR, or (b) io tM event any of sa~d wms of money ~ herein raferred to be not promptly and fully paid within thirty (30) dsys next ~fter Ihe same seve~ally become due and payable, wilhout demand a notice. ~ or (c) in the eve~t exh and every the stipulatioru, agreemems, condi~ions snd coveosnts of sa:d promissory note end ~hls mwtya~~ +ny o~ eitF+er are not i iuly, promptly snd fully performed, diuharged, executed, effcUed, completed, complied with ~nd abided by, then in eithe~ w+ny wch eveM the se~d ~g gregaM wm mentaned in said promiuwy note than remaining unpaid. with interest acuued, and all mooeya secured hsreby. shall bacome dw +~+d p+Y- ; able fa~hwith, w thereafter, at the optioe? of uid MORTGAGEE, u fu~ly arxJ completety as N all of the sa7d sums of money were or~ginaltY st~pulated to be paid on suth day, anything in said promissory ~ote or in this Mortyage to the contrery notwithstandtng; snd thereupon o~ lhereafte~ at the optior? of = said MORTGAGEE, without notice w derrand, wit at law or i~ equity, thcrefore w th~reafter begun, maY bt proseculed ss if all moneys secured hereby had matured pr~w to its institWion. 7. That in the evc~t that st the beginning of or at any time pending anY wit upon this Matgage, a to fweclese it. a+ 1o retorm If, or to enfwce paymeM of any clsims hereu~de~, said MORTGAGEE sFiall apply to the Court hiving jwisd~ction the~eof ta the appo~ntment of s Rectiver, such Cowt sh+~~ forthwith appoiM s ~eceiver of said mwtgaged property al~ and singular, i~clud~ng all and sirgular the income, profits, issues and revenues from whatevet seurce de~ived, each snd every of which, it being expressly u~derstood, is hereby mortga9ed as il speufic~lly set forth utd described in the g~s~ting and habendum clsuses hereof, and such Receiver shall have sll the kxoad and effective funct~o~s and powers in anywise entrusted by a Court to • Receiver, end sLCh sppointment shall be made by such Court as an sdmitted equity and a matter of absolute right to said MORTGAGEE, and without teference to the adequxy or inadequacy of the value of the property mortgaged or to the aotvency or ~nsofvency of sa~d MORTGAGOR a the defendmts, and that such renrs, profiri, income, issues and revenues shatl be ~pplied by such Receiver according to the lien or equity of said MORTGAGEE and the ptactice of suclt `ourf. 8. To d~ty, promptly and f~11y perform, dixharge, execute, efiect, completc, comply with and abide by esch and every the stipulations, agreements, condiiwna and coveoa~ts in u~d promiuory note and this mortgsge xt fwth. 9. That in the event the ownership of the mottgaged premises, w any parf lhereof, bctomes veated in a perton other than the MORTGAGOR, 1hs h1pRTGAGEE, its succeuws and auigns, may, wifhout not;ce to the N~OR7GAOR, deal with sucl+ wccessa or successor in interest with relerence to this mortgage and the debt hereby secured in the same manner u with Mortgagw withovt in any way vitiating or diuharging the lNortgsgors' liability Fkra under or upon the debl hereby secured. No ssie of the Fremises hereby mortgaged and no fwbearante on the part of the MORTGAGEE o~ its succeswrs o~ assigns and no extension of the time for the payment of the debt he.eby setured yivrn ksy 1he MORTGAGEE w its suttessors or ass~g~s. .h+~~ operate ro release, dixhar~e, modily change w affecf the wiginal Cability of the MORTGAGOR herein, either io wlwle w 1n part• z 10. H is speufically ag•eed that time is of the essence of this contract a~d that no wsiver of any oblig~tan he~eur~de~ or of the obligstion sr cured hereby shalf st any time thereafta be he~d to be s waiver of the terms hereof o~ of the inttrumeM secured he+by. 11. In addition to the fwego:ng monthly payments of princ'paf and interest required by the p~omisscry rw~e srcured hereby, mortgagor covenanri and agrees to pay to nortgagee with each monthly payment an addi+ional sum estimated by mortgsgee to be equal to 1/12 of the annual cost of the follow- ; i ing: ~ . A-All ~eal properry taxes levied or assessed agai~st the above described rral estate. i B-Premiums on fire and windstwm :nsurance as Fxrein requ~red to be car~ied oo the ~mprovemeots situate on 1he above desuibed premises. ~ C-Prcmiums on such mortgage guaranty insurance as mwtgagee shal{ from t~me to time deem fif to carry on the b red herebti•. ~ Mortgagee shall from time to time notify moftgagor in w?iting of the amount due and payable her er snd s wm a upon be due a:~d E ~,ayable on the due date of the next momhly payment and each successive month thereafter unril mortg e shafl tify . rI or of a change in such ~ a~^ount. Such sums sh.all be appfied by mortgagee toward the payment of real property taxts, insura e , and rtgage guaranty insurance ~ premiums- ~ ~ IN WITNESS VYHEREOF, the said MORTGAGOR has hereunto se1 his hand and seal the day a y af e i ' ned, Sealed and deliv d in the preunce of: ~ ' ` •0 T n Witnesses ~a~ Y e . ~ r ~s~~~ ~ STATE OF~~ ~RY~ND ~ COUNTY OF RAITIMnRF ~ ~ . ~ Befwe me personally sppeared Allen fi. Silver Carole R. Silve r his wife, to me well known and known to me to be rtie individ~ats described in and who execvted tF~e foregoin,g instrument, and acknowtedged befwe me that they e:ecuted the same fw the purpoaes !he*ein exprtssed. And the said Carale R• Silver _ w~fe of ths ~~d ~ Allen E S~ lver _ + separste and privstt examin~t7on by me taken xparate and apart from her uid husband, adcnow~edged to and before me that she executed trurtxnt freely and volwr rari(y snd withoul sny compulsion, constrai~t, apprehension or fex of or from her said husb~nd. WITNESS my hand and official seal thi day of A. 0. 19~ ~ ~ ~ ~ ~ ~ ~ ta Public in end fw the State of ~`i~Gt larye ~ ~ ~ s r~~~,~;~r ,~i~ r• My ission expires: ]~?R}[j,~j~ ~ Return To: ~ ~ ~p~'^ ~ ~ - ~ First Federsl Savings d~ Losn /4ssociatwn v 'j . ~ Of Fort V~erce. 4 ~ ~o~ ~ ~ ~ Fort Pierce, florida r rr~. ~~i ' ` ~ - ' i Fllf 0 AND RECOitQEO ST. LUCIE COUMTIf FLA. ROCER P01TIlAS ~ This Instrument Prepared By RicY~a? rd K. Kd?ye S CLERK CIRCUIT COU1tT Firsf Federal Savings 8~ Loan Association RECORO VERIFIEO = of Fort Pierce ~ F10Ildd ~ ~ i Q~t 1 9 SO AH 1~1 ~ Checked By _ o a 2926'71 ~ ~ BOQK~~ PACE~4~ . ~ ~ ~ - _ _ -i - ~_w,~~ > _ ~ _ ' " ,,,,~.i , . ~ _ . ~ s~ ~'~',,ir " - .,,_r_.~~:~- ~~~'-~~3_""'~ r _ r _ h_ m, ,