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Home My WebLink About0587 To plac~ u+d continuously ksep on th~ buildinps now a hK~aft~~ ~irw~~ or s~id I~nd and on all equipn~nt a~d perso~~lly cov~red by ~his mw~~ egs, with all premi~mt lhsreon paid in fvll, (ir~ i~sv~~nt~ in tM ulwl tlu+dard policy fwm, in ~ tum ap{xovtd by tM MOR~GAGEE. ~nd windstwm ~nwr~nc~ ie~ tM uswi ~tand~.d poi~cy fam, in a wm appror~d by ~M MORTGAGEE, tn s~ch company ot csxnpan~~s u tiy MORTGAGEE may d~redj ~nd all fl~~ ~nd wie+dstwm iiaurance policies on any of said buildmqs, any int~roi~ therein w parl Ihe~eol, in tM ag9repa~~ tum afu~faid o~ In ~xc~ss tANeoi, ~Mtl contain IFw uswl atandud morty~ee cl~us~ a such otht~ cla~w as tM Mortp+yN may reqv~n, makinp t!» loss undt~ ~a~d po1F cie~, ~ach and ~v~ry. paYabN ro uid MORiGAGEE a its imKesl may app~ar. ~nd ~ach a~d ~vNy such poircy sh~ll b~ promp~ly au.gned ~nd de?ivered to any Fkld by ~aid MORTGAGEE as twtl+N ~eturity 1o said mort9~ deb1, and, not I~u tMn ~en (10) d+ri i++ ~dv+nc~ of ~he txpi~ation ol each po1Ky, ro da I~v~. to iaid MORT('jAGEE a renewal thereof, tope~hN wi~h • receip~ fw the pr~inium oi ~uch r~newal: +nd ~hers ~ha~l bs no f~rs or windsro~m insur~nc~ p~sc~d on any of said build:~p~. any inte.eil tl?er~in a pa?1 tMreof, unlts~ in tM torm ~nd with tM loas payabl~ ati aiweuid: ar+d in Ihe s~enl any s~m of mo~xy becomes payable vnder such policy w policits said NWRTGAGEE tMll h~w th~ op~ion ro receiw ~nd apply ?he same an account of the indebted- neu Ntur~d hsr~by q/o permit said MORTGAGORS /o receive and us~ it Or sny part thereof fa oth•ar p~rposr~, v,~~hovt tho.eui waivi~y or ~n,pair• ~ny any puity, lis~ or riqh~ u~de~ or by virtw of this mortpape; ud In tM ~vtnt ~aid MORTGAGORS shall to~ a~y ~~aso~ (ail to keep ths ta~d pran7ies so r'-. inaured, p fail lo deliver promptly ~ny of ssid policies of insur~nc~ to s~id NIORTGAGEE, a f~il promptly to pay fully any ~xe~n~~m the~efw w iw a~y respM (ait to psrfwm, dixharge, executs, ~ffM, comptete, comply with and ~bid~ by this covenant, w ~ny parl hereof, iaid MORTGAGEE may piace a~ pay (o~ svch Insu~ancs or ~ny pan thereof without waiviap p ~ffectinp amy option, lien. p~ity, w riyhl under w.by virtue of thia Mor~yage. and the f~~ll amount o1 each a~d ~ve~y iuch payment sMll be ~~runedi~tely dw and pyabk and ihall bear iNSrest from ~he date thereof u~til paid ~i tM ra~~ 01 nine per tentum per annum and togethe~ with tuth inte~est shall be iecu~ed by tM li~n of this mortpape. To pami~, comrnit w tuff~r no wute, impairment w dtterioratEaf of said prop~rty p any put ihereof. 5. To pay ~11 and sin~~lar tM cwn, th+r9es and expense~, includirg a reasoruble a»wney's fee and costs of abstr~crs of t7tte, incv.red w pa~d at ~ r any time by ~aid 1NpRTGAGfE, becaus~ a in the ~vent of ~hs failvr~ on the psrt of ~M ssid MORTGAGOR to duly, promptly ~nd fu11y pe.fwm, d~xharg~. execu?~, effect, complete, comply with and ab~de by ~ach and ewry the stipulations, apreements, conditie+ns, ~nd oov~nants of said promissory note and this morr9a~e any a e~~he~. and s+~d costs, char9es +nd expenses, each and ewry. slwll be immediately dus ~nd pay~bb: whethe. w nor ehere be notice da mand, attempf to collect w suit pend;nyJ ~nd tM full amount of each ~nd every such psymem shall bear intereit from ~he dat~ ~Mreof until paid a~ the ~are of nine per centum pet uu~um; and all sa7d coan, charget and expenses incurred or paid, Iogethe~ with wch intetest, ~hall be satured by the lien oi this mortgay~, 6. TMt in the event of ~ny beach of this Matgay~ or defwlt on tlr part of ths MORTGAGOR, w(b) in the event any of said wms of mawy harein rofsrred to bs not promptly and f~lly paid within thirty (30) days next after the s~me aeverally bccome dve and payabte, without demand o~ notice, or (c) in Ihe event each and every the stipulations, agreemtnls, tonditions and tovln~nts of sa~d promissory oote ~nd th~s mortgage any or either are nol iuly, promptty and fully performed, ditcMrged, exetuted, effected, completed, complied with and abided `~y, then in e~ther w any such ~vem ~M said ag ~ gregate wm mentioned in ~a~d promiuwy note the~ remaininy unpaid, with interest acuued, and all mor~eys secv.ed hereby, shall become dw and pay- ~ ab:e iwfhwith, o~ the~eafter, at ~he option of said MORTGAGEE, as ivlly and corrpletely as it +11 of the said wms of money were or~9in~tly stipvlated ro be psid on such day, anything in ssid promissory note w in this Mwtyage to the contrary rwtwitlutanding; and the~e~pon w thereafte~ a~ the op~~on of sa~d MORTGAGEE, without notice or demand, suit at law or in equify, tAerefore w therea(ter be9un, may be prosetuted as if all moneys tecured hereby harl mafu~ed prior f0 ifs iMtitution. 7. TMt in the event that at the beginning of w at any time pend~ng ~ny wit upon this /Nortgage, w to forectos~ (t, or to reform it, u ro enfo~p paymem oi any claims hereu~der, sakl MORTGAGEE shall apply 1o the Court having jurisdiction thereof to~ the ~ppantment of ~ Receiver, s~ch Court shall Forfhwi~A appoint s receiver of iaid mortpaged property all and sinpula~, includ~ng all and singular the i~xome, profits, iuuea snd revenues from whate~er •ource derived, each end every of which, it beinp sxpreuly ~nders~ood, a F+ereby mortyaged » if apeci(ically set fath and described in the gr~n~irg and habendum clausas hereof, and such Rete'ne? shall have sll the broad ~nd effettive functions and powers in anywise eMrusted by a Cou.t to a Reteiver, and iuch appoi~iment shatl be made by suth Cowt as an admittcd equity and a matter of absolute rigM to said MORTGAGEE, a~d witMut reference to the adequaq a inadeqvar~ oi the wlw of fhe prope.ty mortg~ged o~ to ths sonrency a insoivency of said MORTGAGOR a the defendants, and ~hat such rems, profits, incane, iuues and ~evenues shall b~ applied by wch Recatver aawdinp to ths ~ien w puity of aid MORTGAGEE and the p~actice of such Court. 8. To dvly, nromptly and fully perform, diuhs?ge, execute, effect, complete, comply with and abids by esch u~d every tFk itipulations, agreemenb, condiriora and covenams in sa~d promiasory nota arx! ~his mortgage set forth. 9. That in the event the ownenhip of the moitgaged premises. w a~y part thereof. becanes vested in s pe~son other than the MORTGAGOR. ths MQRTGAGEE, ib succeuon and suigru, rrNy, withovt notice to ths MORTGAOR, tkal with svch successor a succeua in intercst with reference to this rno~~gays ~nd the debl hereby setw~d in tF?e same manrter as with Mwtgapw withouf in any way vifiatirg or dixharpirg the Mort9agora' liability here- under w ~pon tht debt hereby secored. No sak of the Frcmix~ hereby mortyaged and no (orbearante on the part ol ti~e MORTGAGEE or its successon or assigns and no extension of the time for tM paymcnt of the debt hereby secured yiven by the MORTGAGEE o~ its successors a usigrn, sMll operate n ro re!ease, dischar9e, modify chanye a affect the wiginal lisbitity of ths MORTGAGOR hsrein, sither in whok a in parl. 10. h h specifically agreed thar Hme is of ths essence of this contrxt and that no wsiver of any obligaYron hereunder w of the obliyation sr cured hereby sMll a~ any time thereafier be held to be e waiver oF tF~e fe~ms F~ereof w oi the instrvment secured herby. _ 11. In addition to the fwego:ng rtqnthty payments of princ'paI and interest required by the promiuory note secured hereby, rtwrtgagor cmrcna~ts } a.,d agrees to pay ro mortgagee with eact+ momhly payment en sddi~ional s+m~ est~mated by mortgagee to be equal to 1/12 oi the annual cost of the tollow- ~ i A-AU real property taxes levied or assessed ayainst the above desuibed real estate. i B-Pr~miums on fire and windstorm insurance as heroin requ~ced to be carried on the irr.proveme~ri situate on the above dascribed premises. g ' C-Premiums on wch mortgage gwranry insurar,ce as rt~tgagee shatl from time to time deem fit to carry on thr loa~ secured hereby. Mwtgagee shall from time to time notify rtrortgagor ;n writing of tix amount due and payable htreunder and such surn shatl thereupon be dve and f r~yable on the duc date of tF~e next mo~thly payment and each successive month thereafter ur.til mortgsgee shall no1}fy mortgagw oi a change in such ~ s^,ount. Such sums shall be applied by mortgagee toward the payment of reat property taxes, ir?surance prem;ums, and mortgage guaranty insurance c~emiums. i 1 NESS GAGOR has hereuMO set his hsnd and seal the day and yea~ first aiwesaid. i / 5 eli Ke presence of: ~ , ~ _ [T -(Sea~ ~OC~R a0 ~ _ C! ERK CtRCUIT ~C a ~ ~,n , pC°"~~^ yERlflED Seap ~ SSA7E OF FtORIDA ' CT 3 io z9 aH'~ f e yn e St. Lucie ~ ~ cour,nr oF ~~442 Kenneth R. Drew Before me personaNy appeared Ye~ and ve yn . . his wife, to me well known and known ro me to be rhz ind~vidwb dewibed in and who executed the forepoirg instrvment, and acknowledped befwe me that they e:ecuted the same fw tF~e purposes - rherein sxpressed. And tF~e sa+d- VE ZyTI l.. ~16W .v ~'e of the ~.~d Kenne t h R. DreiN upon a separ~te and privste e~aminatwn by me taken sepuate and apart from her ssid hvsb~nd, ~tknowledged to snd befwt me th~t she executed said instrumcnt freely and volun~ ~ ra~~fy and withovt ~ny compultio~, cwutraint, appreF~ension, w fea of or from her said husba i WITNESS my hand ~nd officisl seal this d~y of A. D.'1~ ~7 ~ ~ - . ~ # € Notsry Public in and fw the State of Flocida 1t Larpi : : : . My Commissan ucpircs: ~ • ~ Retum Tw YJ_~, ~ - ~ Y, ' - g Fint Federal Savings a loan Association n~wl ~R. Std~ 0~ ROtidi: i~~fljQ.', • - ~A j . : ~ Of Fort P~erce. ~ COO1mISSh~11 ExpirCf DCC, ,=p~ " : ~ ~ fort Pierce. Florida /»M~ b d1Wll f81 tM~ilO[ fall~Iw~ , I ; _ •{i ' " O • ' •lt ~ This Instrument Prepared By ~n~{' ~9hes 1~ ~ First Federal Savings ~ Loan Association of Fort Pierce ~ Fo~t Pierce, Florida 33450 ' , D R ~~s Checked By ~ ~ ~10~~ tJQ~ ~ . " bP ` • ' • ' ~ :