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Home My WebLink About0974 To plece and con~inuou~~y keep on ~he E~~:d~~~g~ now or ha~eai~er ~~tuat~ on sa~d ~ancl end un ~!I .•q,~pn~ent and pe.io~+~lly covercd by ~h~a ma~Q~ ~p~, wilh ~il prem~ums ~hareon pa~d io lull, fire i~~s.,rance in the usval stendard poGCy fo~m, m a tum aHpro~ed bt ths MOR((rAGEF, •~x! w~~ulstorm intu~~nc• In ths utual ~fanclard pot~cy t«m, in a sum ~pp~oYCd by ~he MORiGAGEE, in such to~~psny o~ comp+n~es a~ ths hSORTGAGfE rna~ dirM; ~nd all fir• and w;nJs~orm msuraRCS poiiues on any of sa+d build~nga, any iro~~e~l the~em or pa~~ thereol, in the s99~ega~e wm alaeiaid a in ~xtet~ ~hereof, ihafl cuntain the u~ual s~andard mo~egagee c~au?e or ~uch o~hu c~aus~ ai IA~ Mwtgage~ mey requ.re. makin9 ~ne fo~s under •e~d po~~ ciq, each and ~very, payabte to se~d fNORTGAGEE at ~h inlarr~l may •ppear, aed eacA and eve~y suth pol~cy ~hull be promptly afsq~~cd a~d d~livered b •ny held by isid MOR(GAGEE a~ furthe~ ~ecui~ty to said mortgaga deb~, and, nor less tMn ten (10) days in advance oi the eap~~a~io~ ol e+ch pol~cy, to d~- ~ IivN to said MORTGAGEE a renewal thereof, topeiher with a rece~pt iw the F~em~um of tuch renewa~; and ~hrre shal! b~ ra f~re o+ wi~~dstoim in~uranc~ ptaced on any of s~id build~n9i. +ny ~nte~e~t there~n a par~ therrof, unleu in ~ht form ~nd w~~h the tosi payeble as atoresaid; and in Ihe event any ~um of money becomes pay~ble unJer such policy w po~~cins ~a~J MORTGAGEE shatl have ihe opf~on to recv~ve and appty the iame on accoum of the indabted ~ M~s securQd hereby w ~o permil ~id MORTGAGORS ro recaive and use i~ w+ny pa~l thereol for o~n~ r purpGSes, vi~~hpu1 ~h ~r~ ur w.o~.~ ~7 or ~~npa~*- inp any equiry, lien ot r:ght unde~ o~ by virtue of thii mortgage; and in the evrnt u~d MORTGAGORS sM!I fw any ~easp? iail to kcep ~he said premisH w iasured, or (ail ro detiver prpmplly any of_saiS~_.pol~cies o) inw~ance to said MORTGAGEE, o~ fail promprly 1o pay luily any pre~ni,,m there(a a in a~Y t,,~y rtipect fail to pafwm, d~sch•~ge, eYecute, eftect, corr~plete, cwnply wi~h and abide by ~h+s covenant, or any pan hrreoi, ~aid MORTGAGEE may piase a~~d paY for suth Insuroncs w anY part the~cof w~thoul waiving w affecfing any option, lien. equ;ty, or righ~ under w by vi~tue .of thif Mot?9age, and the . fvll amount of each and e~ery such payment shall be ~mmed~ately due and payable ~nd shstl bea~ interes? irom tM dats ~herrof until paid ~t the rats ol s~• nine per centum per annum and to~rther wi!h such ime:ast shalf be secured by the lien of this mortgage. • i 1. To pe~mil, commil a sutfer no wa~te, impairmenl or deterioration of ssid property o~ sny part thereof. S. To pay ell and singular the costs; charges and expenses, i~cluding a reasonabte attwney's fee a~d cosrf o( abat.x~~ o( tit~e, incurred or paid at ~ny lime by se~d MORIGAGfE, becauae w in thc eve~t oi the failure on the part of the said MORTGAGOR 1o duly, promptly and f~tly psrfam, d~uMrqe. executs, effed, complete, comp~y w~th and ab:de by each and every ~he st~pulanons, agreements, cw+d~tions, and cove~ants of ia~d promisio~y note and thii nwrtgaye any a e~~hc~, and sad co~ts, charges and eaprnaes, each and every, shatl be imme3~atety due and payable; whe~her w not rhere be oof~ce dc mand, ahempt to collect or svit pe~d~ng; and the full amount of each and every such paymeM shall be~~ imercs~ (rom Ihe date thereof until paid at the rate o~ oine per centum y~r annum; and all said costs, cnarges and ~Ypenses incurred p paid, together w~th tuch iNerest, ihsll be secured by ~he lieo of thls mor19a9a. b. Thst (e) in the evenf of a~y breach of this Morlgage or deFsult on the pa~t o( the MORTGAGOR, or (b) in the event sny of uid sums of money herein refa~ed to be not p~a.nptly and fully paid w~rhin th~rty (30) daya nexl aftcr Ihe same sevaa!!y becane due and p~yabte, without demand w notite. w(c) in the event each a~d eve~y ~he stipulations, agreemems. cond~tions and covenants of sa,d promissory ~ote snd tha mortgage any w eitFxr are not ~uly, promptly and fully performed, d:scharged, eaecuted, eifected, completed, complrcd with and ab~ded 5y, Ihen in e~tha or any svch event tF~e said ag pregate sum mentioned in said prom~aaory noee then remaining unpaid, with interest accrued, and ail moneys xcured hcreby, shall become dw a~d psy- •ble forthwith, or thereafter, at the opr~or? of sa~d MORTGAGEE, as fully and complefety as it a~l of tne sa~d sums of mooey were ong~n~lty ft~pula~ed ro be paid on such day, anything in sa:d promisswy note or in this Mwtgage to the contrary notwi~hs~and+~.g; and ~hereupon or thereafte~ at the opnon oi said MORTGAGEE, wi~hout not~ce w demand, suit at law or in equ~ty, theretwe o~ thereafier begun, may be prosec~ted as if all moneyi secured hereby had matured pnw 10 ~ts institutlon. 7. That in t!x erenl thaf at the beginn~ng of or at any time pending any suif upon this Mortgage, w to fweclose it, or to refo~m it, or to enforce payrn~nt of any claim.s hereundrr, said AItORTGAGEE sha:l apply to the Court having ~u.~sd~cyon thereof tor ~he appo~ntment of s Receiver, suzh Court shall fwthwirh sppoint a receiver of said mwtgaged property a11 and si~gular, includ~ng ati and sirMU~ar the iQcome, p~of~ts, issues and revenuef from whatever wurce derived, each and every of wh~ch, ~t be~ng expressly understood, is hereby mortgaged as~iF speufitally set forth ant! dew~bed in the g~snting and habendum clauses hereof, and such Receiver shaN have all the broad and effective funct.ons and powe~s in anyw~se entrusted by a Cou~t to s Receirer, and such appoiNment shell be made by such Court as a~ admi~ted equity and a matter of absolute r~ght to said MORiGAGEf, snd withoul reference to the sdequxy or inadequaty of the value of the prope~ty mor~gaged or to the aoivency w intolventy of said MORTGAGOR w the detendants, end that such renrs, proFits, income, issues and revenues shall be appi~ed by tuch Rece~ver accord~ng to the tien or equ~ty ot sa~d MORTGAGEE and ~he practice of such Cour1. . 8. To duty, promptly and fully pcrfo~m, discharge, execu~e, effecs, comp~ete, comply witF~ and abFde by each snd every fhe stipulations, sgrcements, conditans and covenants in sa~d promnsory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, w any part thereof, becomes vested in a perso~ other fhan tiu MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such succtssor or Wccessor in interesl with reterence to Ihis morlgage and the deb~ hereby secured in the ume ma~ner as with Mortgagor w~thout in a~y way vi~iatiny w d~xharg~ng the Mortgagori liability herr under or upon ~he debt hereby secured. No sa!e of rne prem~ses hereby mor~gaged and no farbearance on ~he part of the MORTGAGEE a its s~ccessors or assigns and no extension of the tirrx for ?he payme^± of the drbt hereby secured given by the MORTGAGEE or its suctessors or ass~gns, shall operate 1o release, d~xha+ge, modify change or aftect the ong~nel liao~l~ty of ~he MORTGAGOR herein, either in whole or in put. 10. It is spec~ficaliy agreed that time is of the essence of th7s co~tract and that no waive? of any obligaGOO hereunder or of the obliyation sr cured hereby shell at any time thereatter be he:d to be a waiver of the terms hcreoi or ol the inttrument secured herby. I1. tn add~tion to the fuego"ng momh!y paymenti of princ'paI and ir,terest required by the promsuery note' secured hereby, mortgagor covenants and agrees to pay ro mo:fgagee wifh each monrhiy payrnem an add~ranal sum est~n~e~ed by mortgigee 10 6e equsl ro 1/12 of ~he annval cost of the follow- eng: _ A-All real properfy ~axrs levie~ or assessrci ag~l~st the above desai,~,ed ees! estate. B-Premiums or. fire and w~rdstorm ~ns~rarce as he~e~n req~;red to be ca.ried on the :mp~ovements situate o~ the above desc.~bed premises. C-Premiums o~ wchfnwtgage g~aranty ir.surarce as mort~agee shail irom t~me to :ime deem fit to tany on ihe loan secured hereby. Matgagee sha~l ~rom t~me to t~me notify mortgagor m w.iting of the amou~t due and payable lxreunder and such sum sF~all thereupon be d~e and payabk on the due ciate of ~he rtext monthi~ payme~t and exh succesaive month"theresft~r until matgagee shall notifr mortgagw of e change in wch amount. $uch sums sha:l be app:~ed by mortgayee tovvard the payment of real property taxes, insurance prem:ums, aeid mwlgage guaranty insurance premiums. IN W'ESS WHEREOf, th• said IAORTGAGOR has hereunto set his hand and seal tl~e day ana• first aforesaid. Si eds Sealed and delivered in t4~e y~esence of: . ' ~ ~ fILE~ ANO RECOROEO ~ ~n 7x~ I c~ S?. lUC1E COUN?Y f lA• ~ L.a Se ~ ~ ROCER POITRAS ~ ~ ~ ; • CIERK CIRCUIt COUR; ~ ~ . 4''t~ RECaRO VEa1F1E0 : ~ r ~ ~ ' n. / ' : • - ~E oF F~oR~oA , ~ ,la~ 31 3 4u PM'1~ 3~,~~ = ~ i = ~ o: COUNTY OF ~ Q vw6C.i ~ ~ ~ ~ ~ ~ J - . Before me personatly sppeared ByrOfl Larsen, a single d(~Ult ''i'.~=~` ~,•,~C . ~H~GI~ to me well krawA~kifp~r$~~~fs~p b~ the individwl dewibed in and w!w executed the faefloing instrument, and acknowledged before he executed 1F+e ~p~f~b~~~~s~poses ~herein e:pressed. . WIiNE55 my hanc! and ofFiual seal this~C b day of ~ul ~ A. D. 19 7 ~ ~ << Notary Public in a~d Iw t e ta of Fbri at lsrge My Commission eapirs: Return To: - First Federal Savings a loan Assoc~at:on Pamela Lace Of iorf V.erte. NoLaTy Publie, Srate ~~f ~.~~r~ a? T~• -e Fort Pferce. Flur~da M) Commisu~.n ~.<,~.re> :s: `_7 Bofldcd Thru Ciracta. :cuutan,~ ~ti-3_: , •s ~~71 This Instrument Prepared By~ary M. Oobbs First Federal Savings & Loan Association of Fort Pierce~ Floiida ~~~i3 ~ 954 Checked By ~ - ' ,w , ~ - =}s ~ ~ _ - _ _ _