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Home My WebLink About0862 To placr and conNnvav~iy ke~p on th~ bui:dinp~ now ar Mreai~K s~tuat~ on ia~d lat~ and on all puiprt~ent and pKSO~aIly covend by this enort¢ •y~, with ali pr~mivms ~he~wn pa~d in fvll, firo iniuru~c~ in ~M uwal iundard po~icy fam, in a wm ~pprowd by tM MORTG~?GEE. and win~rwm ~n~wanc~ in th~ uiwl uanda~d polity (a~n, in • wm approwd bp tM MORTGAGEE, in wth tanpanY a ton+W^NS as tM MORTGAGEE m~y d~rectj a+d all tk~ and winditum inwranw policas on any of said b~il~rgs. ~ny inN.~st tFarein w pa~1 the~wf, in tiw pg~ep~t~ swn ~ta~s+ld w in ~xaa thenof, ~MII conain the v~wl ~qndard matya~ clavw w iuch al?K cl~us~ a rM Mo.tp+yN m+y rpwr~. m~l~irp d» lou w+da ~+id poiF cie~. ~ach and ~wry. paYabl~ to said MORTGAGEE as its in~eresf may ~~w. and t~ch and ~vay i~ch poiicy ihall b~ p.omptly ~ssqned ~nd d~livNtd to any Mld by ~id IUWRTGAGEE a fwtha secvrity ~o Nid matpy~ d~bt. ~od, ow kss than f~n p0) day~ in advsnc~ oi tM ~xpiration of e~ch policy, lo dr I~ver to ~ald 1NORTGAGEE a r~newal tF?eiwf, topNFw~ wifh a raceip~ for tM prtmiwn oi wth renewalj a~d IMr~ ihall b~ no fir~ a winds~wm Inswu~c~ pt.ced on any of;,~aid b„ildirgs. any interKt thKe~n or pa~t lhereof, ~nless in tM (orm ~~d with tM loss p+yabt~ as ~fats+idt +~d k~ tM ~venf ~~y wm of mwyr pecprny pay~bla u~ wch policy o? policia s+id 1NORTGAGFE ~fiall haw tM option ro reuiva ~nd ~pply tM sarM on +ccount of ths tnd~bted~ ~esi s~cv~~d her~by w w pKmit s+~d MORTGAGORS to reuiw snd use it a+~y pa~1 lhereof Fw o~hcr purFoses. without thaeb~ waiv~ng w~mpair- inp any puiry, li~n or riph~ undN or by virtus of tAis morty~st a+d ie th~ evem aid MORTGAGORS fMQ fa any reaion fail to ks~p the uid pnm?ie~ w - insured, ot f~il b dtliv~r promF~tly ~ny of said pol~cios of insurancs to wid MORTGAGfE, w fail promptly to p~y fuNy a~y prtmivm thtreiw w In a~y ° respecl fail la pNfwm, dischupe, ~xecvt~, ~if~ct, compl~fe, comp~y with a~d abide by this oovenant, or ~ny pa~1 herwf. asid MORTGAGEE m~y p~+u and pey fa wd~ inwranc~ w u+y put ~h~reof w~~hour wahrinp a sff~ctinp am oprwn, Ilen, pu~ry, w righ~ u~de. a by virtu~ of fhis Mo.~~a~e, and the . full amou~t of cach a~d ewry such payment shall be unmediat~ly du~ a+d payabl~ and shall bear iN~reat from tM data thereof until paid a~ ths rah of - nine per te~tum pK anrwm and to~ether wifh such interese ihall be iecured by ths li~n of this mwtpsye. To p~rmif, commit or s~ffer no wut~. impairm~m or de~e~iorar~on of u;d propertY a any pan tMr~of. S. To pay all Md slnpula ths cwri. clwpes and sxp~r?sea, incl~dirq • reasonabl~ ananey's fae u+d costs of ~bshacri of titl~. incwr~d w p~id at r any time by sa~d MORTGAGEE. !»uuse w in ~he ~vent of ~he faiture on the pan oF ~hs said MORTGAGOR to duly, p~omptly and fvlly pkfwm, d~xhu~R execute, tffatt, oomplets, oomply with and ab~d~ by each and evay tM atiputa~~ons, sgreenxnts, ca+ditions, and covensnts of said promisswy rwt~ and ~hu mortgage my a ~i~Aa. and sa~d cos», cMrges sr~d expen3es. each and every, ihall be immediately dw end pay+ble: whetF+er w not tl~s~s be notite dr mand, sttempt to collect ot wi1 pend~np; and tM fufl artw~nt of each snd every such paymem ~hsli bea? in~e.e~~ lran ths d~te lhereof v~til paW ~t tFK raie of nine per centum pe~ annum; and al! said oosts, charges and expenses incwred or paid, lopethsr w~th sucl~ ioter~st, shall bt sacvred by th~ liee of tha mwtga~. Q That (a) ln the event of iny bre~ch of this Mortya9~ w dafa~lt on tM psrt of the MORTGAGOR, w(b) in th~ event ~ny of s~id sums of money herein r~(ared to be ~ot prpnptly and fvlly paid wiihi~ thErty (30) dsys next after 1he same seve?atty become due ~nd payable. withow ~kma~d a notics, ar (c) in the eveM exh and every the stiputatans, ~g~eements, conditiw+s se+d covenan» of said p~omiuory note and this morlpape any w tili?et are nol iuly, promptly snd fully performed, d~xharged, executed, effecfed, compkted, compf~ed w~~h u~d abided ~iy, ther? in ei~her or any iuch ewnt tM uid ay~ - gregate svm menYaned in said promissory no~e then remaining unpaid, with in~erest ~cuued. and all moneys secured herebY. sMll beeom~ dw and pay- ab;e forthwith, a thereafter, at the option.ol sa~d MORTGAGEf, u fully and completely as if all of the wid wms of moe?~y were aiyioally st7pulated ro be pa~d c~ i~ch day, anything in sa~d prom~ssory note or in thh Mortgage to tM con~rary norwitlutsnding; a?+d thereupon w thereafter at the option of sa;d MORTGAGEE, wilhouf nOtite M de~nsnd, wit ~t law or In equity~ fF1tflf0~! Ot tF1lfNFllf begvr?, may be prosecuted ss if dt. mon~ys ~cvr~d Mreby hnd matwed prqt to ib institvtiw~. 7. TMt in ths svent that at the beginning of or ~t ~ny time pending ~ny wit upon this Mortgage, or to foreclos~ if. or to reform it, w to enforq Payment of sny claims hereu~der, wid MORTGAGEE shall apply tv the Court having jur~sd~ction thereof io? Ihe ~ppantmeM of ~ Rateiva~, wch CaM s1~a~~ Fo: rhwith appoint a recciver of. s~~d mortyaged poperty ~II and singvlar, includ~ng sIl and singular ~he income, profcn, iswa~ and revenves from wMt~ver sowce de~ived. each and every of which, it beiny expreuly undentood, is hcreby mwtgaged as if specifically set fo~th and dearibed ~ the ~ru~tirq and h~bendum ctavses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrustsd by • Court fo a ReteivN, and s.ch appointmeN shall be made by suth Court u an admitted equity a~d a matter of absolute rigM to said MORTGAGEE, and without reference fo fhs adequacy a insdeQvacy of the value of the properry mwtgsged or to Ihe w~vency w ~nsolvency of said MORiGAGOR w the defendants, and that such rent5, ~ofits. incane, issves snd revenues ahall be spplied by such Receiver accord~ng to the lien a equity oi.said MORTGAGEE and the p?actiu of such COUrt. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with ~nd ab~de by each aod ewry the sliptiiations, ~yreements, conditiom and covcnanq ~n said promissory note and ~his mwtgage set torth. 9. That in the eveM the ownership of the mortgaged premises, or any part thereof, betomes vested in a plrson other than the MORTGAGOR, tl» ~'.ORTGAGFE, its svccessors and auigns, may, without notice to thc MORTGAOR, deal with such successor or wccesso? in inte~eat wi~h reference fo ~1his morrgage ~nd the debl hereby secured in the same manne~ as with Mortgagw without in any way vitiating or dischsrging fhe Mwtg~gors' (isbility hera ~nder w upon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbearance on the part of the MORTGAGEE w its wccesson or ass~gns and no earension of the time for the payrneM of the debt hereby srcwed given by the N10RTGAGEE or its wccesson or suipro, sfiall operate t ~o rePease, d~xharge, modify change or afFect the original liability of the MORiGAGOR herein, eithar in wiwk w in put. 10. It is speclficatiy a9reed thst time is of the csxnce of th;s contratt and Ihat no waiver of any obli9~tion here~nder or of fhe obUpation ~ ~ cvred hereby shall at any time tF~ereafte~ be held ro be s waiver of the terms hereof o~ of the i~strument secured herby. ~ 11. In acfdition to the forego:~g monthly payments of princ'pal and interest required by the promissory nore setured hereby, mortgagor covenanb a~d agrees to pay to mortgagee with each mon:hly payment an add~rional sum estimated by mortgagee to be egual to 1/12 of the annual tost of the fdlow- in9 - A-All reat property. taxes levied w suessed againsf the above dexribed real estate. B-Prem~ums o~ fire ar?d windstorm insvrar.ce as herein required to be carried on the improvemenri sitvate on, the above destribed premises. C-Premiums on such mortgage guaranty insurar.ce as mortgagee sha11 frorte time to time deem fit to tarry on the loan secvred hereby. Mortgagee shail from time to time noti(y matgagor in writirg of the amouM due and psysbk hereu~der and such wrri shali therevpon be due and I ~,yable on the due date of the next monthly paymem and each auccessive month thereafter until matgagee shsll notify mortgagw of a chsrge in s~d? a~ovm. $uch sums shall be applied by morfgagee tovrard tlx payment of real property q:es, inswance prem:wns, and mortgage guaranty irourancs j n-emiumt. . ~ i IN WITNE55 Y1lHERfOf, the said MORTGAGOR has hereunto ut his hand a~d seal the day year ~nt af I Sgned. Sealed and delivered in the preser~ce of: ' f LED A11C RECOROEO O-4 ~ ~ _ s}. ~uc~~ cauNnr f~~. 4 ROCEi~ POIIRI?S ~ ~ ~ - CLERK Ct3CWT COURt ~e,q RECO?0 V=a~F1E0 ~,h STATE OF FIORIDA 1 ~ 3~ 31~~~0, c:~ur,rr oF St. Lucie Befwe me personally appeared Doualas 1. Stout Donna M. $tOLlt his wife, to rne well known and known to me to bs rFe ~ndividwls desc?ibed in snd who executed the fwegarg instru~nent, and scknowledged before me thst they executed the same for the purposes rhe~e~~ ex~.~d. a~a r?K ,~~a Donna M. Stout +;;fe of rhe ssid Douglas J. $tOllt , upon a sepa~ate snd priv~t~ e.:am~naYan by me tsken sepsrare and span from her said husband, edcnowledged ro end before rn~ that she executed said instrument freely uid votuo- r~;~1y and w~thovt ~ny compulsion, c«ntraint, a e~q~~' or feu of w from F~er said Iwsband. WITNESS my Mnd and offic~al seal this ~~''v day of Au uSt A. D. 1975 Naary Public in s for the'tate of fbrids at ta~ye ~ My Commiuion e 'res: ~ Return To: ~ Fint federal Savings 3 loa~ Associat~on :_`tARY t. °-.•t n "`.,~a •t ; . Of Fott Plerce. S!Y C::", :'.~v :_n fort Pierca Florida E'•:::.'~u t,J :....:...,,r w....o~~ i..>..ran::e .li;~.~.#t.d~t.,~~ . _ . ~ . ~L : ` 1! ~i~,, This Instrument Prepared By Richard K. Kayes '_~~:••'~~i~ ~~.'••~~i~~ ~ First Federal Savin s b loan Ass~ciation of Fo~t Pierce , Florida _ v~•~.`~~'-' a"~;~ Y~<": ~ : c % k ~ . _J J~'~~ aoax243 rAC~ 8 " - • _ " = Ch~kCU By i ~ i ~ ~ , : • • / • j~~3~-- t' ~ ~ . ~ , ~ ,'y ~•••~~~~~~~N• . \ \ ',,y,~~~ 1 11S! 141 ~ ~ _ qy~, _ _ .,rf;~- _ _ - - ~ ,~y~ ,~="1 .