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Home My WebLink About0603 ~ ~ To place and cont~nuously kcep o~ the bui!J~ngs now w hereafr~r i~tuate on s~id land and on all eq~ipment and penons~ly tovered by this mwlg~ ~gs, with al) premium~ thrreon pa~d in Fv~~, fire in~~ience i~ the ~tval srandard polity form, in a sum sHproved by ~he MOR~GAGEE, and winds~wm insurance in the ususl ~tandard po:;cy form, in s sum approved by the MORTGAGEE, in such cwnpany or compan~ei +s th~ MORTGAGEE m~y di?Kti ~nd all fire and wind~lo~m insurante po~icies ort any ol said bvild~n~s, any inlerest therein or pa~t Ihereol, in Ihe agqrey~te sum afOtesaid w In exceis thereof, ihall ca+tain ~he uivai a~a~:dard marga9ae clause or such odx? clause as th~ M~tyayes m~y requ~rs, makiny ths toii under sa~d poli- c~as, each ar+d every, payab~e to said AtORTGAGEE as ~ts ~ntere~t may eppea~, and each and evcvy such poircy sMll be p~ompHy a~s 9ned and delivered to ~ •ny held by said MORiGAGEE as fu~~her security lo said mortgage debt, and, no1 less lhan ~en (10) deys in advance o( the eapi~slion ot each polity, to dw GvN to taid MORTGAGfE a renewa~ ~hereof, toge~her wi~h a rece~pt (o~ the p~~mium of such renewa~; and thcrs thall be no f~ro or winditwm inturance placed a: ~ny of said build~ng:, ~ny interest therein or pail thereol, ~nless in tM form •nd with th~ ~oss payable as aforeiaid; a~d in IM ev~nt any sum - of money bccomes payable under such policy w pot~cies taid MORTGAGEE shall have rhe opt~on to receive and appiy ths same on account of the indebted~ ness secured hereby o? to permit said MORTGAGORS to receive and use i~ a eny parl fhereof for ori~er purposrs, v.ithout ih_reur waivi~~g o~ ~mpai.- ~n9 any equity, licn w right under a by virtue of this mo:sgage; and in the evenl w~d MORTGAGORS shall fa any reason fail to keep the said p?emises w insu~ed, or fail to deliver promptly any of said polKies oi insurance to said MORTGAGEE, w tail promptly to pay fully any premium therefa or in a~y respec~ fail to per(orm, dixharge, exxufe. ef(ect, complete, comply with s~ abide by thi~ tovenant, a ~ny part hereof, t~id MORTGAGEE may place ~~O „ pay (w such insurance or any part thereof withou~ waiving a affec~iny any opt~on, lien, equ~ty, a right under w by vir~ue oi this Ma~gage, and the full amount of each and every such paymenf shall be immed~ately due and paysbls •nd shall bear interesi from ths date thereo( until paid at the rat~ oi nine per centum per annum and to~ethe~ with auth interest shali !x sr_ured by lhe lien of this mortg~ge. 1. To permit, commit or suffe~ no waste, impairment a deterioration of said propetty or any parl lharof. 5. To pay all and aingular the costs, charges and expenses, ~nctuding a reasonabte attwney's fee and costs of abstractt of title, incurred o~ paid at any time by sa~d MORTGAGfE, because or in the event of thr failure o~ the parl of ~he said MORiGAGOR to duly, promptly and fvlly pertorm, d~uherge, execute, ei(ect, complete, comply w~th and ab;de by each and every the s+ipulations, agreements, conditions, arid covenants of said promissory note and thi~ mortg~ge any pr either, and said costs, cha~ges and expenses, each and every, shall be immedialely due and payable; whe!her w ~ot thcre be notice d~ mand, attempt to mlled or fuit pending; and Ihe full amount of each ~nd t~ery such paiment shall bear inte~ett from the date thereof unti~ paid at the rafe of nine per cenrum per ennum; and all said costa, charges end expenses inturred a paid, toge~her with suth interest, shall be secured by the lien of thi~ mqtyags. 6. Thst (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, w(b) in the eveM any o( ia~d sums of rtaney- herein referrad to be not pr~nptly and fully paid within th~rty (30) days next afrer the same ~everally become due snd psyable, withou~ demand w notite, or (c) in the event each and every the s~ipulat~ons, agreementt, co~dit~ons a~d covenants of sa:d piomissory note and th~a mwlgage any w ei~her are nol iuty, promptly and fully perfwmed, d~scharged, executed, effected, comp:eted, compl~ed w~fh and ab~ded 5y, then in eitF?er w any such evenf the said ag gregate sum mentioned in said promissory note then re~naining unpaid, with interest accrued, and all moneya secured hereby, shall become dw ~nd pay- able forthwith, or thereafter, at the option of said A10RTGAGEE, as fully and canpletely as i1 all oi the said sums of money were wiginally stipulated to be pa~d on such day, anything in said promiiswy note or ~n fhis Mwtgage ~o ~he tontrary notwithst~nding; and thereupon or thereafter at the opuon of said MORTGAGEE, without notice or demar~d, svit at law w in equity, therefwe w 1he~eafter begun, may be proxtuted as if all moneys secured hereby had matured pnw ro~ts inst~tution. 7. That in the event th~t at the beginning of w at any time pending any suit upon this Mo?tgsge, w to foreclox it, w fo reform it, or lo enfwce payment of any clai:ns he~eunder, said MORTGAGEE shall apply to the Cour1 having jurisd~aion thereof fw ~he appoinlment of a Receiver, such Court sMll forrhwith appoinl a receive~ of said mortgaged property atl and singule~, indud•ng aI1 and singu~ar the income, profits, issues and revenve~ from whatever so~rce derived, each and every of wh~ch, it being expressly understood, is herebr matgaged as if spec~fically set fo~th and described in the granti~g and habendum clauses hercof, and such Receiver shalt have all the broad and effecr~ve funct,ons and powers in anyw~ae entrusted by a Cou~t to a Receiver, and r ch appoinfinent sha11 be made ~y :vch Coure as an admitted equify and a matta of absotute right to uid MORTGAGEE, an~ wi~hout reference to the adequaq or inadequacy of the value of the property mwtgaged or ~o the so~vency or inso!vency of said MORTGAGOR a the defendants, and that such renrs, piofits, income, issues and revenues shall be applied by such Receiver according to the lien o~ equity of said MORTGAGEE and the prattice of such Court. 8. To duly, promptly and ful!y pe.form, discharge, execute, efiecr, complete, cor~ply wi?h and abide by each and every the stipu~ations, agreements, c~nditans a~d covenants in sa~d promissory nore and this mwtgage set fwth. 9. That in the event the owrte~ship of ihe mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, ihe k•ORiGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such succeasor w successo~ in inte?est with ~eference to this morfgage and the debt hereby secured in the same manner as with lJlortgagor w~thout in any way vitiating or diuharging the Mortgago~s' liability here- under or vpon the drbt hereby sec~~ed. No sale o~ the prenuses hereby mortgaged and no forbearance on the part of the /~10RTGAGEE or its futcessors or ass~gns and no extens~on of the time for the payment of the deb~ h-.eby secu~ed given by the MORTGAGEE or its suctessors or sssigns, ~hall operate to releau, d,scharge, modify change a affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole a i~ pa~t. ~ 10. It is specifically agreed that time is of the essence of this con!ract and that no waiver oi any obligat~on he?eunder or of the obligsYan'!~ c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof p of the instr~ment secured herby_ 11. In add.tion to the forego'n9 month!y oaymenfs of princ'pa1 and intarev req~~red by the prom~ssory no~e secured hereby, mo~tgagor covenaMs and agrees to pay to mo:tgagee v.~ith each momh?y pay~:~e~r an add~~ionai sum est:mared by mortgagee to be equa! to 1/12 of the annual cost of the follow- ing: A-All reai property taxes ievie~ or assessed agai•ut the above described +eal estate. B-Prem~ums on fire and w~ndstorm ins~rarce as here~n req~:red to be carried on the improvements s~t~ate on tbe above dtstribed ptemises. ~ C-Premiums on wch mortg~ge gua~anty ir.swa..ce as mortgagee shall irom r me ta t~me deem fit to carry on the loan secured Ixreby. ' Mortgagee shall f.om hme ~o t~me netify mocryagor ~n writing of the amount oue artd payabte hereuridr~ and such sum shall thereupon be due and ;.ayable on the due dare of ~he next monthiy payme~t a~d each successive month tF.ereaft~r urnil mortgagee shal~ notify mortgagw of a change in such a^~ount. Such sums s~aii be appil¢d by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurante p~emiums. ' IN Yl1TNE55 WHEREOf, the sa~d MORTGAGOR has herevnto set h~s har.d and sea! the day and year fint aforeu' j Signed, Sealed and detivered in the presence of: '1 1 ~ I 6 2 ` Sea~ ; ` '-.~c.~. ~ un D. ic on , ~ / ' ' ~ ! / .s ~an . --r ~ ' c : ! Estel le S . Dickson ~s~an ~ - . E SiATE OF FIORIDA ~ ~ St . Lucie ~ _ ~ - ~ COUNTY OF E Bef~re me personally appeared Young Dickson ' Estelle S. Dickson ~ his wiie, to me well known and icnown to ~ tp. bs the individuats described in and who execu+ed the fo~egoing i~strument, and acknowledged before me that they ex~cuted the sema fw 'th1•pwrpcses ~ rherein expressed. And the said Estelle S. Diekson _ q +~ife of the said Young ~1CiCSOfl =;~~pon s separql~ ~nd p~ivah k Fxamination by me ta4en separate and apart from he. said husband, ackrawiedged to and before me that she exetuted saic~ I4ttrum~nt freely Ind voluo- ~ rarlty and w~thovt any compulaion, cor.srraint, apprehenron, or fear of or f:om her uid husband. ~ - ' ~ WITNESS my hand and of(iuat seal this_~ -f:~~~~- day of June a p. 1976 , ' ^ } L~iYl,~~ _ l f N ary PubGc in and fw the State of fbrida st LsrQe i My Comm~ssion expires: p~~ ~ 7 Return To: O ~ first federal Savings 3.loan Associat~or. : t Of Fart P'erce. i . ~ ~ Fort Pierce, Fiorida ~ f+LEO AyC° RECOROE4 ; ST.~ucic c~uNTrf1,~. ~ aocz~ Po~TR~s ~ ~ This Instrument Prepared By John W. COlllns -CLf.RK CI.^-.CUIT COURT ~ qF~4F~ VEF~ftEa ~ First Federal Savings 8~ loan Association ~ of Fort Pierce, FlOrida _ ~~~Y ~ ~ FAC~ ~ n ~ Checked 8y E 338613 ~ ~ # ~ jwc/jea ~ ~ ~ - - _ _ _ _ . ~