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Home My WebLink About0076 To pl~c~ and continvously kcep on ~M bu~'d~ngs now or h~reafta utuaq on said land and o~ all equipm~nt ~~d pe~swully covtr~d by this mat9- p~, with •11 premlumi ~herron pa~d in f~ll, hre insurance in ~M uawl Nandard po~icy fo~m, in ~ wm ~pprov~d by tM MORTGAGEE, and wEodstam inwr~nc~ in tM usud standard pot~<y fo~m, in e sum approv~d by tM MORTGAGEE, in such canpany q ton+pae~~s as tM MORiGAGEE m~y d'u~cq ~nd all fir~ and windstorm insura~u poiK~e~ on any of fa~d build~nps, ~~y imersst ther~in or part tM~wf, i~ tl» ap9re9~~~ ium afor~iaid or In exteu thereot, sMll cw~~ain the usuat standard mort9a9et t~sus~ a such otha claus~ ~i tM Mortpye~ may r~qu~r~, makirp IM los~ unda u~d po1F : ci~i. eKh and eve~y. parabl~ to iaid MORTGAGEE as its i~~ere~t may ~pp~ar, •nd each u~d svery such poticy ~hall b~ promptly au.yned ~nd d~liv~~sd to ~~y heW by aid MORiGAGEE as funher secu~ity to said matyage deb~, and, no~ lesi tha~ ten (10) days in sdvance of th~ ~apir~tion of tach policy, to dF IivN to iaid MORTGAGEE a re~+ewal the~eof, tope~her with • receipt (or the prsmium o( such renewal; and th~re shall b~ no fir~ or winrblorm ii+wr~nc~ pl~c~d on sny o( isid buildings, any intere~t therein a part thereof, unless in the fo~m and wi+h tM lou pay+blo af afaesaidJ u+d in tM ~ven1 any iwn of money bccomes payable unda such poliq w polKies said MORiGAGEE shall Mve ihe option to receive and +pply the same on account of tM indsbted- ~eu secured hereby or ra permit said MORTGAGOR~ ro receive and us~ it or •ny parf the~eof for oiher purposcs, without thereb~ waivin~ a anp+i+- inp any equity, licn or r~ght under or by vi~tua of this mor:paga; snd in tM event said MORTGAGORS ~hall fa any reawn fail to ke~p the aid pr~mises w insured, o~ fsil 1o deliver p~omplly any of said po~~ues of in~urance to said MORTGAGEE, w Fail prompNy to pay futly any premium therefw o~ io any r~ipett fail to per(wm, di:chsrgr, eaecute, eficd, complets, comply with and ~bids by this covenam, a any part hereof, said MORTGAGfE may pl~ce •nd pay fa such insurance or any parf therMf without waiviny w effetting any option, Iien, equity, o~ right under w by virrue of ehi~ Ma1ps~, and the ' (ull smovnl of eacA and every fuch payment shall be im~ned~ately due and payable and shall bear interest irort: the date thereof ~ntil paid at tM rat~ pt ~ins pe~ centum per annum and to~rther with such interest shal{ be secured by the lie~ of Ihis mortgage. To permit, commit or suffer no waste, impairment a deter~orst~on vi saiu y~uyr:fj :,r :z; j.S:t ~L.~:ccf. 5. To pay all ~nd ungular ths costs, charges and expenses, includirg s re~sonab~e attwney't fte and cosb of abstrscts of titl~, incurrtd or p~id ~t any time by said N1pRTGAGfE, because or in the ~vero of tM f~~lure on the part of ths said MORTGAGOR ro duty, promptly and fvtly p~rlpn~, d~ach~rg~, execute, effect, comptete, comply w~~h and ab:de by ea<h ar+d every the stipulanona, agreemrnts, conditbns. +nd covenants of uid promissory not~ and thii mwtgape any or ei~her, and said coats, chsrges and expenses, each and every, shall be immediately due and p~y~b!e; whether a no1 tha~ b~ ~otite ds~ mand, aNempt to coflett w suit pcnd~ng~ and Ihe futt amovnt of eacA a~+d every such payment thall bear interest from 1h~ date thereof untit paid at the rate oi ni~u per centum per snnum; and ali said costs, charges and expenses incurred or paid, topether w~th auch interesl, sMll b~ Ntured by the lien of thw mortyaye. 6. That (a) in the even! of any breach of this Mortgaga or defautt on the part of the A10RTGAGOR, w(b) in the event ~~y of uid svms of money herein referrcd to be not promptly and (ully paid within Ihirty (30) days next after the same severalty become due and p~yable, wi:houl demand or notite, or (c) in ths evem ea<n and every the itipulaiions, agreements, conditions and covenants of said promiuory note and tFris mortpa9e ~ny or sithtr ue ~01 ~uly, promptly s~d (ully pe~fwmed, d~xharged, executed, effected, comp{eted, complied with and abidcd ~iy, the~ in either or any ~uch tvtM ths s~id a¢ g~eg+te sum mem~oned in said promissory note then remaining unpaid, with inrerest accrued, and atl money~ secured hsreby, shall becomt dw and pay- able fwthwith, or thereafter, at the opt~on of said MORTGAGEE, si (ully and completely a• if all of Ihe said sums of rtaney wtre aiyinally ~tipulated to be pa~d on such day, anything in sa:d promisswy note or in this Mwtqage to the contrary notwithstsnding; and thcreupon ot tFxreaftei at Ihe oplion of said MORTGAGEE, without notlce w demand, suit at law w in equity, thercfore a theresfter bcgun, may be prosecuted as if ~II mw~eyf secur~d hereby had matured ptiw to ~ts institution. 7. That in the event that at the beginn~ng of or at a~y time pcnding any sv~t upon this Nbrtgye, w to faedos~ It, or to refwm it, w to enforc~ paymenf of any claims he~eunder, said MORTGAGEE shatl apply to the Court having jur~sd~cuon Ihereot for the appointment of a Raceiwr, ~uch Court sMll fo.thwith appo~nt a~eceiver of said matgaged property all and singul~r, includ~ng all and sinyu!ar ths income, p~oGls, iuuts and revenuls frOm whatever source derivrd, each and every of wh~ch, it being expresaty understood, is hereby mortgaged as if :pecifically iet fwth snd dewibad in the ~.~ntiny ~nd habendum cla~ses hereof, and such Receiver shall have all the broad and effectivr funct~ons and powera in anywise entrusted by • Court fo a Rcceiver, and s~ch sppointment shall be made by such Court as an admiited equity and a malter of absatute r~ght to ssid MORTGAGEE, ~nd without reference to the edequacy w inadequacy of the vatue of the property mor~gaged or to the sorvency or insoivency of aid MORiGAGOR or the defendann, and thal such rents, profits, incorra, issues and revenues shall be applied by such Receiver accord~ng ta the lien or equity of said MORTGAGEE_ and the pr~dice of suth CouA. 9. To duly, promptly arr! Fulty perform, discharqe, execute, effect, complete, compty wi~h ~nd abide by each and every the ttipulatioru, agreeme~fs, conditions and covenanta ~n sa~d prom~ssory note and this mortgage set iwth. 9. That in the event rhe ownersh~p of the mortgaged paemises, or any part thereof, becomes vested in s person other 1Mn the MORTGAGOR, fh~ MORTGAGEE, irs successas and asai9m, may, wi~hovt not~ca to +he MORiGAOR, deat with such succeuor or successor in interest with refesence to thit mortgage and tF.e debl hercby secured in the same manner as with Nb~tgago~ w~thout in any way vit~ating or diuharging the Mwtg~gori' liabilif* hera ~nder or upw~ tIx debt hereby secured. No sale of the Fremises hereby mortgaged and no fo.bearence on tFw pirt' of the lNORTGAGEE w its successon or as:ig~s and no extension of rhe +ime fa the paymenr of the debt he~eby secured given by Ihe MOR1GAGfE w its wttesaots w aui~% shall operate ro rekase, d~scharge, modify change w af(ect tFu orig~nal liab+lity oi the NARiGAGOR haein, eithe? in whole ot in part. 10. It is speuficalfy agreed thaf time is of the esse~ce of this conirad and that no w~iver of eny obligat~o~ hereunda ot of tM obliyation se- cured hereby ahaU at any time thereaftr be hefd to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~~ton ro the fwego"ng month~y payments of princ paI and ~nte.est required by the prom~ssory nore secvred hereby, mortgagot covenanta and agrces to pay fo mortgagee with each monthiy payn~ent an add~teo~al sum estimated by mortgagee to be equal to 1~`12 of the annual tost of the fol{ow- ing: _ A-AU real property taxes lei~ed or assessed aga~:~s1 the above descri5ed real esU~e. i B-Premfums on fire and wi,~dstorm ~nsurance as here~n requ:red to be carried on the improvemeMS sit~ate oo the above described premites. C-Premi~ms on such mortgage g~aranty ir.sura.:ce as mo~tgagee shail Irom t~me to time deem fit to csrry on the loan secured hereby. Mortgagee shall from time to t~mc notify mortgagor in writ~ng of the amount due and payable hereunder and suth sum shsll thereupon be due ~nd ~ r.ayable on the due oate of th~ next momh!~ payment and eath successive momh thereafter until mortgagee shall ~otify mortgagor of a thange in such a•-:ount. S+xh sums shafl be apF;ied by mortgagee tovvard the payment of real property taxei, insurance prem:ums, and mwtgage guaranty insurance i p~emiums. ~ ~ ~ IN WITNESS WHEREOF, ~he sa~d MORiGACrOR has hereunto ut his har.d and seal the day(and ea f' st ~d. ~ Signed, Sealed and delivered in the presence oi: ~ ohn • Nicholason f G ~ ~ r t i~1~ L~~ l~y~ ~ _ . Y ~ ~ Paaela Ann icholason STATE OF FLORIDA ~ ~ SS. ~ COUNTY OF St _ Lucie ~ ` - Before nx perso~ally appeared John J. Nieholason ~ PAaela Ann Nieholason -h„ ~r~, ro me well kncwn and krawn to me to b~ - ~ rhe individua(s described in end wFa executcd the fweyoir?~, instrument, and atknowledfled befwe me that they executed the wms fw tM purposes ~ rherein expressed_ And the •a;d-- _ Pa~ela Ann Nieholason ~ ~ w~ie of the said .~Ot11~ .1. Nietwlason -„Po~, ~ sepante and privat~ examinst~on by me taken separate and apart from her said husband, atknowledged to and before me that she exetused ssid instrument freely and volurr a rarily and withovt any computsion, constraint, apprehens~o~n, ~o~t /fear of or lrom het said husband. ~ WITNESS my lwnd and official seal this__-~tft day of May , A. D. 19 76 6# /J . Notsry Public in and for t t~te of fb?ida'af lsr~ t My Commission exp'ues: ~ 3~_ } ~ ~ Retum To: ' ' ~ iint federal Savings 6 Loan Associat:on ' ; ~ Of Fo~t P erce. ti .E' ~ I i • t t, fort Pierce, Ftorida J pEp , % - - ~ fIlEO AN~: r~EC" ~ St.WC1E_G(3bMtY flA. b _ f10GEn ?OITRAS ~ , : CLERK GR'•~It,COURT - : ~ This Instrument Prepared By J. H. Robezts Jr. RECOROY~~ r~EO . ' ' ~ First Federal Savings & Loan Association p • _ , . , y• ~ ~ ~ of Fort Pierce; Flo=ida 33450 ~ ' QS 1 M . : . , ~ Checked By ~ ~3G2~'7 ' ~ ~ . ~ ~ ~ : ?53 P~~~ ~ ~ f ~ . ~ ~ ' dz . . ~ _ - . ~ ~ ~