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Home My WebLink About0105 To pface •~d conttnuously teep on Ihe builJ~n9s now or Mre~fte~ ~ituat~ on ~aid land and on all equipmeM and ptrwnally covaed by 1hi~ matp- ~y~, with all premiums thereon pe:d m f~ll, firo insurence in the uswl ~undard potity fo~m, in a wm •yprO~td by tM MOR~GAGEE, and w~ndstonn i~wrant~ in ~M utual s~anda~d pol~ty iam, in a aum approved by tM MORTGAGEE, in such company w tompanies as 1h~ MORTGAGEf may dir~ttj and all fin and wmJstorm inswance policie: on any of said bu~id~npf, ~ny inten~t Ihe~ein or part therwf, in 1M py~tyate sum ~fortsaid or in ~xcets ~he?eof, shall cumain the uiual itar.dard mwtgage~ clsuse a tuch oiF,er clau~.. ~s tM Mortgaycs may raQu~r~, m~?inp ~M lou unda sa~d pot4 cies, each snd every, payable ~o said MORTGAGEE as ~ti iroereit may appea~, and each and •very such pol~cy ~halt b~ promp~ly ~is.pn~d ~nd de~~~~red to ~~y held by ss~d MORTGAGEE as fur~her aecurity to said mortyaga drb~, and, no~ leu than ~en (10) dsys i~ advanc~ oi tht •xpiratia? of e~th policy, to d~- tiver ~o s~id MORTGAGEE a~cnewai thereof, toge~hsr wi~h a receipt for the premivm of iuch ~enewal; snd ~her~ shall b~ no f~r~ or windstorm insur~nc~ plsced on any of uid ~ui!dings, any ineerest ~herein or par~ the~eaf, unlrn in the (orm and w~th the ~oss payabte as sfwesaid; ~nd in th~ •vent any ~um of monty becomes payable i~nder such palicy a policies said MORTGAGEE shal! havs ~he op~~on lo receive and sppty tM same on account o( the indebted- ness secur~d hereby or to pMmit faid MORiGAGORS la receiva snd us~ i? a eny pa~t thereof for other purposes, without Ih±reb/ wa~~ing o~ nnpai.- in9 any equ~ty, lien w right under u by virtue o1 th~s mo:spaye; and in ~he event i~id MOATGAGORS shall tw any reason fail to keep ~he sald promi~ei w insured, p isil fo detiver promp~ly a~y of said polrcies of insurance to said MORTGAGEE, w fsil promptly fo pay tu11y sny premium therefp w in any • respect (sil fo pe~fwm, discharge, execv~e, eifect, comple~e, comply wi~h and ~bide by lhis covenanl, or any part he~eof, said MORTGAGEE may pt~ce and pay (a such insurance or any part ~hercof w~thout .va~ving or affec~ing,any option, lien, equlty, or ri9ht under w by virtue of fhis Moregspe, •nd tfie full ~moum oi each and every such payment ~hall be ~mmed+ately due arid payable.and shall bear iroereff from IM dats thereol u~~+l paid a1 the rate of ~ nioe per ceNum per annum and to3ether wifh such interea~ shal{ be secured by the lien oi this mor~yage. 1. To permit, commit w suf(er no waate, impairrt~ent or deterioratio~ of said property ot sny part thereof. 5. To pay aIl and singular ~he costs, charga and expenses, includiny s reasonable attwney's fee +nd costs of abstrac~s of title, incurred w paid st eny time by sa~d MORTGAGfE, becsuse w in the event o1 the faiture on Ihe parl of the said MORTGAGOR 1o duly, promptly ~nd fully perfwm, d~uharga, eaecure, elfect, tomple~e, comply vv~th and ab:de by each and every the stipulat~ons, agreements, condition~, and covenanfs ol i~id promissory note and thi~ mortgage any w either, and sa~d co~ts, charges and expenses, each and eve~y, ihatl be immediately due and payable; whethe~ a not there be not~ce d~ mand, attempt to collect or suit pend~ng; and the (ul~ amount of each and every such payme~t shall bear iNe?esf (rom IM date thercof until paid d 1he rate of nine per centum ~rr annurn; enc3 atl said cosn, charges and expenses ~ncurred a paid, logether wuh tuch interetl, fh~H b~ sacured by 1M lien of this mortg~ge. . 6. That (a) in the event of any breach o~ this Mortgage o~ default on the parf of the MORTGAGOR, w(b) in the evenf any of said surru of money herein re(erred to be not promprly and fuily pa~d w~~hin ~h~~ty (30) daya nex~ after the same severatly become due and payable, withovt demand w notice, er (c) in Ihe e~ent each and every the stipulations, agreemeMS, cond~t~ons and covenant~ of sa~d promissory rwte and th~s mort9age ~ny w eithe? •re oot _ ~uty, promptly and fully pcrfwrned, d~xha~ged, eKecu~ed, eifected, tompleted, complied with end sb~ded 5y, fhen in either os ~ny tucF~ event the said p~ gregate sum mentioned in said prom~ssory note then remairting unpaid, with interesl accrued, and a1t moneys setured hereby, shall betome dw and pay- able forthwith, w therealter, a~ ~he opt~on of aeid ti10RiGAGEE, as fully and completely as if all ot the said sums oi money were aginslly tt~pulated to be pa~d on such day, anyfh~ng in sa.d pro~n~asory ~ote or i~ :his Mortgage to the contrary notwithstanding; snd thcreupon o? Iherealter et the opNon ot said MORTGAGEE, w~thou~ not~ce or demand, suit at law or in equ~ty, therefore or Ihereafter begun, may be prosecuted as if •II moneys secured hereby had matvred prior to ~ts instituuo~. 7. That in the event that at ehe be9~nn~ng o( or at any t~me pe~ding any suit upon this Mwtgage, w to ~orectose if, w to reform it, ar to enforce payment o} ir.y claims hereunder, said MORTGAGEE shall apply to the Cou~f I~aving ~ur~sd~ct~on thereof (or the ~ppointment of a Receiver, iuch Co~rt shall forthwieh appoint a receiver oF said morlgayed property all end sin9ular, inctud~rtg atl and singular the income, prof~ts, iuues ~nd revanues trom whatever wurce derived, each sr,d every oi wh:ch, it being e~press!y ~nderstood, is hereby mortgaged as if apecifically se1 fo~th and dexribed in the granting and habendum clavus hereof, and such Receiver shall have ail the b~oad snd effective funcr.ona and powers in anywise entrusted by a Court ro a Reteivet, •nd such appointment shall ~~e made by such Court as an adm~t;rd equity and a ma~ter of absoiute riyht to said MORTGAGEE, and withovt re(erence to the adequacy w inadequacy of the vatue oi the proprrty mortgaged or to the so'~vency or ~nso~vency of sa~d MORiGAGOR or the defendants; and that such rent~, profin, intome, issues and re.enues shal{ be applied by such Recriver accord~ng to the lien or equity of said MORTGAGEE and the prattice of such CWrt. 8. To dufy, prompt}y and fvlly perform, discharge, execute, effect, complete, comply with and abide by each snd every the stipulations, agreements, conditions and tovenams ~n sa~d promissory note and th[s mortgage set forth_ 9. That in ~he event fhe ownersh~p of the mortgaged prem~ses, w any part thereof, becom~s vested in a perspn other thsn the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without not~ce to the MORiGAOR, deal with such successw w s~ccessor in interest with refere~ce to lhis rr.ortgage and the debt hereby se:ured in the same manrter as with Mortgagor without in any way vitiating w dixharging the Mortgagori liability hera under or upon the deb~ hereby secu~ed. No sale of t!x Fremises hereby mortgaged and no~iorbea~snce on Iht put of tht MORTGAGEE a its sutceswn or ass~gns and no ease~sion of the time for the payment of the debt hereby secu~ed given- by Ihe MORTGAGEE o~ its tucce~so~i or au~gns, ?hall operats to retease, d~scha-ge, modify change or eflect t1+e original liabillty of the MORTGAGOR herein, either in whole or i~ psA. 10_ It is spe!~f~ca4iy ag~ced thst :ime is of the eue~ce of this contract and thsf no waiver of any obligatiwf hereunder or of iM obligatan se- cvred hereby shall at aay time thereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. I 1. In cdd.rion !o the io~egc'n~ monthh~ payments of p.inc pa! and interest required by the promissory no!e set~red hereby, :nortgagor covenants and agrees to pay fo r:argagee w~~h each ~no~~ih'y paY~;:en+ an add~~ional sum est~mared by mortgagee to be equai to 1;'12 of the annual cost of the follow- ~ng: A-Ali real property taxzs te•:ied or assessed agai-~st tne above described reai estate. A-Prem.~ums on f~re acd windv~:m ins~racce as here~n req~:red to be carr;ed en the improvements s~tuate on the above de~cribed premises. C-Premi~mf on s„ch morfgage g~aranfy ir,surar~ce as mor~gagee shail from ~~me ro time deem fit to carry on the lo~e secured hereby. - Mortgagee shai! from nme to s~me nctify mc.tgagcr m w.it~ng of the amo~nt due artd payable hereunder and suth sum shaii thereupon be due snd Gayab~e on the dua oate of fhe nexr montn:~ payment and each wccessive month thereafter ur.til mortgagee shalt not;fy mortgagor of a change in such a^~ount. Such wms s"ail t~e app'~ed by mortgagee rowa~d the pa~ment oi real property taxes, insurance prem:ums, and mortgage guaranty insurante - c*emiums. IN V~IiPJESS VUHEREOF, the sa~d A40RTGAGOR has hereunto set his hand and seal tha day and r first fwesaid. ~ Sgned, Sealed and del~vered in the p~eser.ce of: --+•--T- f 1 L ~ : . •~E D I ~'~~~~~-~~.~c' .~~~CL~_ St t:: ' `,~h f l~'- A ert L. Ph' li i --y-~~1~=- -~----f-~.~ ; r- / - r ~ . ~ , lJ ~ i i ~~~G'._ ~~L- J:~~~%so~~ ($esn 1~~~~L~.~.: ~-~.r~ ~ ~ r~~ ~ Branda G. Phill ips :s~.i) ! ~c h STAiE OF FLORIDA ~p~ I~ IL L'{ J q COUNTY OF $t. Lucie ~ ~w1_4~1 ~ ~ Befae me perso~aliy appeared Albert t.. ~1111~PS a~ Brenda G. ~llll~pS his wife, to me well known snd known fo nx to be ~ the individuals descr;brd in -and who execute•1 the foregoing instrument, and acknow'~edged before me that they exec~ted the same fw the purposes therein e:presxd. And the said_______ BYQl1~1 Ci. Phillips ~ Altiert L Philli s wife of tha said • p upon s separate ~nd privat~ ~ examinarion by ~ne taken separate a~d apart from her said husband, at4rawledged to and before me thai she exetuted said inst?urrKnt freeiy and volun- ~ rardy and withou? any computs~on, constrairr, apprehens.on, or fear of w from ixr said husband. ~ WITNESS my hand and official sea! this__ `r~~« day of Noveaber A. D. 19 75 : . • s '~~~4~.s'.~~~t( ~ y~l ~lu_ ~L l~~tlr[f - ~ i Notary PubGc in and for th tate of ~lwids at Larye i My Commission expires: ` ~ n~ ) ~ Rerurn To: ~ • ~ First federal Savings b Loan Assouarion : q Of Fort P.erce. ~ Fort Pierce. Flori:la ` ~••.•j. c i . ~ ' ` ! • ~ - _ 3 ~ , t~ ~i V . ; This Instrument Prepared By Donald B. Hughes ` ~ ~ ~ First Federal Savings & Loan Association = ~ - . ~ ~ of Fort Pierce , Rlot ida 33450 _ ;f.','~; ~V . , ~ _ ~ p~: ~r,., ~ ~ : ' Checked BY - • . r . ~ 60 ~x ~ ~.,~E 105 L~ ~ ~ dz _ - - - . . ~~,_.~y _ . _ l ~ ~ ~