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Home My WebLink About1641 ~ b2 S J. To plac~ and continuously ksep on the bu~:d~ng~ now or herea(~~r ~itwte on sa~d la~d and on al~ equipmeM ~nd p~rwnally cow~td by this mort¢ # •g~, with •II premium• Ihcreon pa d in (ull, fire ~nsurence in ~he usual standard polity fO~m, M a ~um app?owd by tht MORiGAGEE, ~nd windsto~m A iniuranc~ in tM uswl uandard pol,cy fw~n, in a aum approved by ihe MORTGAGEE, In ~uch company or tompa~itt ~s tM MORTGAGEE n+ay di?Klj ~nd all lirs and w~ndstorm i~~uronce pol~t~es on any of said buildinps. any inten~t tM~ein o~ pu/ Ihe~wt, i~ Ih~ ~yyre9~tt wm ~fatNid or in ~xtess Ihereof, shall contain the ua~al sra ;JarJ ~no•~gagee clsuse or such oN~er c~ause as the Mwtgagee m~y reqvir~, maYinp tM los~ unde~ sa~d pol4 cies, each and eve~y, p~yable ~o said h~ORTGAGEE as ~ts iroerest may ~ppear, ~nd each and evay such polity thall b~ p~amptly ~ss:qned a~d d~~ivered to „ sny Mld by taid MORiGAGEE as (ur~her setu~ity to said moctqage debt, and, nol less 1Mn ten (10) dayt in advance of tM expiration of each policy, to da , ~ Gver fo said MORTGAGEE a~enewal ~hereof, royo~her with a rece~pt io~ the promium of tuch renewal; and thtr~ sMll b~ no fir~ w windsrorm insuraoc~ pbced on any of taid build~ng~, any imerest therein o? pa~t thereo(, unless in 1he form and with tM loss payabls at afo~esa~d; ae~d in tM ~venf any wm i of money becomes payabte under such poiicy w policies ssid MORTGAGEE ahall havs the opt~o~ to reteive snd ~pply ~M sanw on accoun~ of the indebted- ' ness secur~d hereby w to permit said MORTGAGORS to receive and uss it o? any part thereof lor other purposes, wi~hout thrreby waivi~~g w~+npsi~- ing any eqv~ty, tien w righ~ unde. a by vir~ue of fhis mo:~gage; and in ~he event said MORTGAGORS shail (o~ ~ny reason fail to keep ths iaid p~em~ses so insured, o~ fail to delive~ promptly a~y of said pol~cies of insu~ante to sa3d MORTGAGEE, or (ail promptly fo pay fully a~y pranium therefw p in a~y ; respecf fail to pe~(am, d~scha~ge, eaecute, eflect, completa, comply wi~h and abide by ~hii covenant, w ~ny part hereof, iaid MORTGAGEE may place N+d ' i pay fa such insurance w eny part thareof without weiving or affettinp any option, lien, equity, o~ ~ight under w by virtu~ of this Morlyape, and tht : f~ll amount of each and every su<h payment shell be irt.m~diarely due and payabte and thall besr intereat from tM data thereof uMil paid at tAt ~at~ ol S-~ ; nine per tentum per annum and to~ether with such interest shali be s~-cured by the lien o1 this mortpage. z t 1. To permil, commit or suffer no waste, impairment w deterioration of taid prope~ty or any put thereof. ~ t 5. To pay all snd tingutsr the costs, tharges and expenses, including a rcaso~able attwney's fae a~d co~tt of abstratri oi title, intuned w p~id ~t ~ eny time by said MORiGAGEE, because w in the cvent of the fa~l~re on the part of Ihe said MORTGAGOR ro duly, promptly a~d fully psrform, d~sthargt ~ execute, e(fect, comptete, canpfy w~th and ab:de by each a~d every the stipulahons, ayreemeros, condiiiw~s, and covenants oi said promisswy note and this mortgaye any w either, and sa~d costs, charges and expenses, each and every, shall be immediately due and pay~bte; whether q not thert be notite da I mand, atfempl to mlktf w suit pend~~g; and the tull amounl of each and eve+y svch paymenl shall bear int~rest f~om tho dafe therepf until paid ~t 1h! ~ rate of nine per ce~tum pty annum; an~ alI said costs, charges anJ expenses ~r+curred w paid, togeti?er with auth interett, shal) be setu~ed by ths liso of this mortp~e. } 6. That (a) in the event of any breach of this Moregage or defaul~ on the part of the MORiGAGpR, o~ (b) in the ~vent ~ny of iaid sums of mw?ey . herein referred to be not pro~nprty and fully paid within ~h,rty (30i days nexl after the same severa!ly become due and payable, without demand or ootite. or (c) in the event each and every the stipularions, agreemems, cond~t~ons and covenants of sa~d promissory note and thii matqa~e a~y or e~ther •r~ no1 ~uly, promptly and fully per(ormed, d~xharqed, executed, efFected, completed, complied w~th and ab~ded by, then in either p any svch ~vent IM s+id s¢ gregate sum mentioned in said promissory note then rema~ning ~npaid, with intereat accrued, and al: moneys setured hereby, fh+ll betome due and p~y- able fwthwith, or the~eafter, at the opfio~ of said M,ORTGAGEE, as futly and comptetely as ii a~I of the said wms of money we~e o?iginally stipulated to be paid on such day, anyfhing in sa:d p~o~nisswy note w in this Mortgage to the contrary notwifhstanding; and therevpon q thereafter at the option of ~aid MORTGAGEE, without norice or demand, suit at law w in equ~ty, theretore w therea(trr begun, mey be prosecuted u if all moneys secured hereby had matured pnar to ~ts inslituhon. 7. That in the event that at t!x inni of or at an time } beg ng y pe~ding any suit upon this Mwtgage, or to fweclose It, or to ~efwm it, w ta enforu : ~av~M I~ awv ~la:...~ 1.~.~....~1~. •a:.~ iIADT!_e!:[C .L.t1 ~..~L. •L~ L...:~~ '..J. 'L" tw .L_ _ ~ _L n' ' _L ~ . . . . . . . . . j . . . _ • _ . . ~ forthwith sppoint a receiver of said morlgaged property all and~singular, includ~ng all and singu4r the incomt. prof~ts, iuues ~nd revenues~from whateve~ source derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged as if speci(ically tet fath and dewibed in the pranting and habendum cleuses hereoi, and such Rcceire~ shall have all the brosd and eifecrivo funct~ons and powers i~ anywise entrusted by • Court to a Rtteiver, snd sLCh appointment shall be made by such Court aa an admitted equity and a ma~ter of absoiute right to said MORTGAGEE, s~d withoul reference to the adequscy o~ inadequac~ of the vafue of the property mongaged or 1o the sotventy or insolvency of said 1NORTGAGOR or the defendants, and that such renrs, proiits, income, issues and revcnues shall be applied by such Recei~er accordmg to the Iien or equity of iaid MORTGAGEE and tFu practice of such Court. 8. To duly, promptly and futly perform, d~scharge, execure, effect, complete, comaly with and abide by e~th and avery fhe stiputations, agreements, conditans and covanams ~n sa~d prom~saory note and this mortgage set fwth. ' 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in • person olhe~ ihan fhe MORiGAGOR, the h10RTGAGEE, its s~ccessors and assigns, may, witha~t no~:ce to the titiORTGAOR, deal with such successor p suttessor in intcrett with re(erente to this n ortgaoe and the debt hereby secured iq the same manner as w~th ~1lortgagor without in any way vitiati w dischar i the Mort a s' liabilil hertr ^9 9 ^9 9 9a Y under or upon the debt he~eby sec~red. No sa!e of fl~e premises hereby mo~tgaged and no forbearante on the part of the MORTGAGEE w its sutcessors , or assigru rnd no extension o( the teme fw fhe payment of the debt hereby secured given by the MORTGAGEE or its tuccessws o~ ~uigns, ~hall operate ro release, d:xharge, modify change or affect the original I;abil~ry of ihe MORiGAGOR herein, eifher in whob or in part. + - f 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- ~ cured hereby ahall at any time thereafter be he:d ro be a waiver of the terms hereoi p oi the instrumeM secured Ixrby. a 11. In add~tion to the iorego"nr~ month!y payments of pri~c paI and intere:t required by the promissory note secured hereby, mortflagor covenants ~ and agrees to pay to mo:rgagee ,~rith each momh~y pay.,;ent a~ add~rional sum est~mated by mortgagee to be equal to 1/1T of the annu~l cost of the follow- inq: ~ A-All real prope.ty taxes levie~' w assesxrl ega~r~st thc above desvibed real estate. 6-Prem~u~ns on fire and •.~ii7dsto~+n insur.rce as herein requ;red to be carr~ed on the improvements situate on the above dtstribed ptemises. C-Premiums on such mortg~ge guaranty ir.sura~:ce as mortgagee sha~l f~om t:me to ti~ne deem fit to csrry on fhe loan secured hereby. ~ Mo~tgagee shai~ from ~ime to t~me not~fy mortgagor m wrir~ng of the a.^ount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date cf the next monfh!y payrnent and each svcces:ive month thereafte~ ur.tit mortgagee shall notify mo~tgagor of a change in such a~r.ount. Such sums sha:l be applied by mortgagee toward the peyment of real property taaes, insurance prem:ums, and mortgage guaranty insurance { j p~emiums. . ~ ~ IN WITNESS ~VHEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day a ytar' i afwesaid_ ! Z f Signed, Sealed and delivered in the presence of: • : ~..o~~ ~ ~t1,f.'3~~° ,,~~s+! fl~- +4 ~ ~~21 ! i.L~~, '.:~.SaeS i ie eas ~ ~ ~ ~ ~ c, ~Y~;-~~ cou~7 t ~ v~n_ l• l~cr,2 ~ ~.,n . ' t. ~ . ~ en . ease a~cc- ' n-an ~ S7ATE OF FLORIDA ' 3 2~ P~'~~ 7 3185~.9 ~ couNn oF St. L.ucie ~ Befwe me personally appeared R 1111 R N a e[~ e~ ~ ~ Ellel] M. Nea_ce his wiie, to me well known and known to me to bs ~ ~ the individuals desuibed in and who executed the foregoing instrument, and atkrwwledged befwe me that they executed fF~e same for the purposes ~ the!ei~ expressed. And the said Ellen hi. Nease € Nife of ths sa~d B illie R. Nease upon • sep~rate and priv~t~ t ~ examination by me taken separate and apart from her sa~d husband, etknowled9ed to and before me that she exetuted said instrument frcely and volurr ~ ~ tanly and without any computsion, constraint, apprehension, or fear of or from her said husband. ~ WITrlESS my hand and official seal th~s__ day of a o. 19_Z~ f ~ i" ~ . ~ Notary Pu ic ~ ~nd for the Sbte of Florida at L~rp~ ~ My Com swn expires: ~ Retum To: _ 1., . Kt::^ ' 1;:"'' 5 fint Federal Savings 3 loan Associat,on Mr' C J: . , i OF ~ort P~~rc~. Fort Pierce, Flo~:d~ gonded by tur.etiw+: f~r- 3' u"~'~ti ~ ' •.i ~'~I. :;r , . "tifi ~,21;~ ~ This Instrument Prepared ByGary R. Ell~vood ~.r~~ ~ First Federal Savings 8~ Loan Association : _ ~:..as ~ - ~ of Fort Pierce , Flot ida a00K ~~4 PAGf 1~~ ~ L" ' ' ~ ` ~ . , 'p - r ~ t~ . . ~ Chetked By :'~~r - - ~ 5'•. . ..,v - , r ~'.~~'!~...K!'~~ ! ' • 4,~.~,~ ~ i.' 3 r~ . •~"L~~a+' f ~ ~tki~luttiud' ~ ~ ` ~ sh ~ ~ . b - ~ ~ _ - . _ _ ~N w_~~...~ . _ _