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Home My WebLink About0605 To place and com~nuoui~y keep ~,n the b~~'d~ngs now or hereafter sltuate o~ sa~d Isnd and on alt cq~~pment snd person~l!y covered by 1hi~ mwep~ ~p~, witF~ ~I) premiums thereon pa~d in lull, fne insurence ~i? the usual :ia~dard poiicy form, in a sum app~u+rd by the MOR~GAGEE, and wi~d~lwm iniurance in the usual t~anda~d pol~ty 1orm, in a sum approved by ~he MORTGAGEE, in such company or companies as the MORTGAGEE ~++ay direct; aod all tire and w~nJ~torm insurance pofides on any oi seid bu~~d~nys, ~ny intereat there~n or part ~hereo}, in the a99req~te wm ~foresaid a ~ In excess thcreof, shall confain the usuel sta„dard morrgagee clause or such o~her ctause +t the Mortgagee may reqwrs, ma4in9 Ihs lo~s unde~ sa~d po1F - cies, each and every, paYab:e to said R10RTGAGEE ae iis inrere~t rr.sy appear, and each and eve?y such po!~cy ~I,sll be prompt!y ass gned and detivered ~o ~ny hetd by said MOR~GAGEE as (urther secutity ~o saiJ mortga~e debt, and, not teu ~han ten (10) days In ad~a~xe of ~he eza:ratio~ of each policy, to d~- -j liv~r to said MORTGAGEE e renewal thereof, together with a rrceipl fa the prernium of iuch renewal; snd there si~s;l be no f~re or windsrorm insuranc~ pl~ced on any of said buildings, sny interest there~n w part thereof, unless in ths (oim and w~fh the lou payable a• aforesaid; and in tM avent a~y tum of money becomei payable unJer such policy w poGcfes fa~d MORTGAGEE shall hav~ the opr~on to rece~~e and apply the same on accovro of the indebted- neu secured he~eby a to permif aa~d MORTGAGORS ro recaive ar±d use if or any p~~~ 1h?:cof fo. o:hcr pu~;~oars, .v~~houf ihzrrb~ wai~ing or ~mpair• iny any eQu~ty, lien or righ~ u~der a by virtue of this mor!gsge; and in the event sa:d MORTGAGORS shall Eor any ~eason fai) to keep ~he said premisei eo in~u~ed, or fail to deliver promptty any of s~id pol~cies of in~u~ance to said MORiGAGEE, w fail promptly to pay fully any p~e~nium thtreior or in any respec~ lail ro perfam, d~scharge, executr, effecl, complete, comply with and ab~de by th~s covenant, a any part hareof, sa~d MORTGAGEE may piace and pay Fp such insurance or any part tha~eof wttnout waiving or affacling any opGon, lie~, equ~ty, or riqht under or by virtus of this Mort9age, and the futl amovn~ of each and eve.y wch payment shell be ~mmcdiatety due and payable and shall bear inte~ast from ths date thueof until paid ~t ~he rate ol nine per cen~um per annum and ro~r~he. wl~h such inrerese shaU be secured by the iie~ of th~s morrgage. 1. To petmit, commit a sutfer no wa~te, impairment p deterioration of said proper~y w a~y part thereof. 5. To pey all and singular the costs, charges and expenses, i~ciuding a reasonable attorney's fee and cosrs of abst.acts of title, incurred o~ pa~d at eny lime by said MORTGAGfE, because w in the event of the fa~iure on the part of the said MORTGPGOR to duly, promp~ly and fully pe~torm, diuharge, execute, effect, complete, comply w~th and ab:de by each and evevy the stipulafions, agreements, cond~tiuu, and covenanrs of ssid premiawry note and th~s matgage any a ei~her. and w~d costs, cha~9es and expenses, each and every, shall be immed~ately due and psyable; whe~her a not there be no~ice d~ mand, a?tempt to colkd or suit pend~ng; and the fult a~nount of each and every such payment shall bea. inrerest from ~he date thereof until paid at the rate of nine per centum per an~wm; and all said costs, charge: and expanses incurred or pa~d, logether w~th suth interest, shall he setured by the lien of thi~ mortp+p~. _ b. That (a) in the event of any breach of th~s Matgage or dcfault on ~he part of the MORTGAGOR, w(b) in the eve~t any of w~d sums of money herein referred to be not p~omprly and fully paid within thirfy (301 days next ait~.r the same uveraliy become due and payable, withoul demand or notits, or (c) in the event exh and every the stipulatia~s, agrerments, condit~ons and covenants of sa,d promiswry note and th~s mortgage any or either ate nol ~uly, promprfy and iully performed, d.scharged, execured, effected, complefed, compl~ed w~th and ab:ded ~iy, then in e~ther w any such event the said a¢ gregate sum ment'qned in said prom~ssory note then remaining unpaid, with interest accrued, and ail moneys secured hercby, shall become due and p~y~ able fo~thw~th, w thereafrer, at the option of sa~d MORSGAGEE, as ful~y a~d completety as if all of ?f,e said sums of money were orginally s~~pulated to be pa~d on such day, anytAing in sa:d prom~ssory note or in this Mo:tgage to the contrary notw~thstand~ng; and ~hr~eupon o? thereafte~ at the option of said MORTGAGEE, without notice or demand, auit at law or in eq~ity, there(we a thereaiter begun, may bt prosecuted as if 'all moneys secured hereby had matured pr~or to us institution. ~ 7. That in the event that at the beginning of or at any time pending sny suil upon this Mortgage, d to fweclose it, w to reiwm it, or to enforte payr.~ent of any ctaims hereunder, said MORTGAGEE shalt apply to the Cou.t hav~ng juriid~ct~on thereof fw the appo~ntment of a Receiver, such Coun shalt forthwith appoint a receiver of said mortgaged projxrty afl and singular, inctud~~g all and s~ngular the income, prof~ts, iuues and revenues from whatever wurce derivcd, each and every of which, it being expressly underseood, is hereby mortgagcd as if specificalty set forth and deuribed in the granting and habendum clauses hereol, and such Receive; sha11 have e~l the brwd and effective funct,ons and powers in anywiu entrusted by a Court to a Receiver, and such appointment shall be made by s~ch Court_ as an adm~~ted equity and a matter of absolWe right to said MORTGAGEE, ~nd without reference b the adequacy w inadequacy of tF.e vslue of 1he property mortgaged or to the so~vency or insoivency oi said MORiGAGOR or the defendanis, and ~hat such rents, profits, income, issues and revenues shall be applied by such Receive~ accord~ny to the lien or equity o} said !'t!?RTGAGEE and the pratl~ce of such Court. 8. To duly, promptly and Fully p~riorm, d~scharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agretments, conditions and covenants in said promissory rtote and th~s mortgaqe set fath. 9_ That in the event the ownership of the mortga~ed prem~ses, or any part Ihereof, bec~mes vesfed in a, person other than the MORTGAGOR, the MORTGAGEE, its wccessors and au~gns, may, witFwut no+:ce to the MORTGAOR, deal with such successo? or successw in interest with reference to thii mortpage and the debt hereby set~red in the same manner as wifh Mortgago~ withOUt in any way vit~ating or d~xharging the Mortgayors' liability here- under w upon the debt hereby secured. No sa~e of the pre~r ~ses hereby mortgaged and no forbearance on the part oF Ihe MORTGAGEE or its successws er ass~gns and no extens~on of rhe time fo~ the payment of the debt h-reby secured given by the MORTGAGEE or its successors a assigns, shall operate to retease, d~xharge, modify ~hange or affect the orig:nal liab~l~ty of thr MORTGAGOR herein, either in whole or in part. 10. It is spec~iical{y a9reed ihat time is of the essence of thi= contract and that no waiver of any ob~~gat~on hereunder o? of the obligation se- cured hereby sfiall at an~ time thereafter be he:d to be a waiver of the terms hereoi or of the instrument secu.ed herby. . 11. tn add~tio? ~o the forego'n9 m.onTh!y payments of princ pal and intrrest requ~red by the prom;ssory no~e sewred hereby, mortgagar tovenants and agr~ to pay ro m.ortgagee wrth each moMh`y pa,~~^em an add~~lo»al sum esnmated b~ mor~gagee to be equal to 1; 12 of the ennua~ cost of tho follow- ing: • - A-All real property taxrs tevied w assessed agai-,st the aEove desaibed mal estate. - B--Pramiums on fire and windsto:m inw+acce as here~n rrqu;red to be carrlEd on Ihe improveme~ts s~tvate on the above described premises. C-Premiums on such mort3age guarar:ty ir.suraoce as mortgagce shail from tlme to t~me deem fit to tarry on the ban secured hereby_ 1Nortgagee shail from time to t;me r,cs;fy mertgagor ~n w~~~,ng of the amount d~e and payabte hereundar and such sum shal! thereupon be due and payable on the due dafe cf rhe ne.~t +*~ontie:/ payment and each successive month thereafrcr ureii mortgagee shall notify mortgagor of a change in such i a^~ount. Such sums shall be app~ied by mortgagee to•.vard tl:e paymem of reai proFerry taaes, insura~xe prem:ums, and martgage guaranty inwrance premiums. ' IN YJITNESS VJHERcOF, the sa~d ~dOQTGAGOR has hereunfo ut his hand and seal the day an~ar first sfwesaid. i j Signed, Sealed ar.d aetivered in the presence oi: , ' ~dGt.~-~,~c~. ~ ' (Se~q ~ C~ t 7?1.~t~/ (Sesf) ~ e y ou n ig s~aq E - , - s~ao f 5~ ATE OP FL~IDA s t ~ ~ . j COUNTY OF St . LuClQ _ ~ ~ ~ Before me perw~ally appeared Sd@tlel 1CI] lqht ~ ~ e~ ~ Bet t v ~.011 1~TI 1Q~1 t his wife, to me vrell knowq,~{~~ known to me=10 be ~ rhe individuals described in and who execu:ed the foregoing instrumem, arsd acknowledged before me that they executed ,1Ke wme for the pvr~oses therein expressed. Md the said__ B@Lty j.Oll Knight ~ Samue 1 Kn i h t j~ ' p ,~v~fe of the said _ 9 ' ,upon a s~t rste and p?iv~t~ ~ examination by me taken separate and apart fcom her said husband, acknowiedged to a~d before me that she exetvtetl sad,irptrumenYf~il~ly,and-volun- rarily and w~thout any compu':s~on, constra~~t, apprehen ~on, or fear of w frorn Ixr uid husband. - " ~ ° ~(j ~ ~ ~ June ~ 76 WITNESS my hand and offiual seal th~s----~re~_ dey of ,.,r,,, , ; i: A~~D. 19 = ' ~ l ~ ---,r • ~ . nr ~,c S No ry PubGc in and for t State of Flwida at large ` My Commission e:pires: p ? Rerurn To: iJ ' / r First Fedenl Savings d. loan Asso:iot!on a Of Fort P~erce. ~ Fort Pi?rce. Florida ! ~ ~Eu ~KU ¢tcpxoE~ ' ~~.lt?Ctt GQUNTY *LA. ~ 1t8C~~1 ?01*RAi ~ This Instrument Prepared By Gary M, Dobbs ClEl~K 1l:C IT CQURT ~ RECflR~ Y~P~~:~D~~...~... First Federal Savings ~ loan Asso~iation ~ of Fort Pierce, Rlor ida. ~'n S~ p1~ ~76 ~ ~lY f ~l i ~ Checked By ~ - ~ E~~~ 2~~ encf ~ 338E~1~~ ~ x Y ~ ~ ~ ~ ~ ~ .:~~y~ _ . _ . _ . . =.z. _