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Home My WebLink About0504 t ~ : 3. To place end coMinuously keep on the buitd~ngs now or hereaiter ~it~ale on sa'd land and on all equlpment a:id perso~a~ly covered by this morl~~ ~ age, ~~•ith ell prtrr,ium3 Ihereon pa~d in i~il, ~ire insurencu in the ~wal standard po!icy (orm, in a sum ap}~ioved b7 Ihe h1URftsAGE:, anJ windstorm insurance 3n tho usval standr~d policy form, ~n a sum apptoved by ~he MURTGAGEE, in iuch co+npan~ or canpaniei as ~he hlO~tTGAGEE m~y ; direclj and aN ti~e a^d windsrorm i~sura~ca policies o~ any of seid bvildings, any inle~est therei~ cr part ~ha~eoi, in Iha a99~egaie s~m aforesaid or in excess ihrreof, shall conlain Ina usve~ standard martgagee clause or such other d~~se at ihe Mortgag^e may ~eqv~ro, makinp !ha loss un~e~ ta~d Foli} . ~ cies, e~ch and every, psyJb!e :o ssid AIORTGAGEE as itf interesl may appear, and ric+ ar~d every wcn policy ~hall be p•omptty als:gned a~~d daliva~ed ~o = ! any hetd by said MORTG>GEE as ivnhe~ security to snid ~r.ortgaga .iebL and, rot le,s than trn (10) days in advanca ot the expirotion ot each policy, to dr : liver to seid ti50RTGAGEE a renewat thereof, tc~eiher with a~-•ceipt for the premivm o( svch ~enewalj and there shall Le no f+re or windxta~n insuranca ~ , placed on eny of said bvifd:ngs, any interest Iherein or part thertof, ~nlesa in the form end with 1hc loss p~yable as a(uresaid; and tn the event any sum s ~f money bec.mes payable under such policy or policies ssid h10RTGAGEE shall ~avn the opt~on to receiva an.l apply tho same on accouM of tha indaGted• - ~ ness secured hareby or to perm7t said N.ORTGAGORS to ~eteive and use it or any pa~t ~hrreofi for othcr purposcs, ~vitF.out ~h:reb~ ~~rai.•ing o+ ~mpa~r• i hg any equity, lien or r~ght unde~ or by vlrwe of tF~is mo:tgage; end in Ihe eve~l iaid l1tiORTGAGORS sha;i for any reason (ail to kecp ~he said premises so : (nwred, or fai! fo de~iver promptly any of said polities of insurante to said MORTGAGEE, or fai! prc+mpNy to pay fulty any premium thcreior er in any ~ respect lall to periorm, discharfle, ezrcw~, effxt, completa; comply with and abide by t}us tovenan~, or any par? he~eof, said A10RTGAGEE may p~ate and S pny (or euch insuranca or any par~ thereof ~vi!hout waiving o~ af/rNing any oplicu~, lien, eqi~ity, er right unde~ or by vi~tve ol this Mor.gage, end the ' ~ f~f! amounl of each an:.' avery such payment shall b<s immediately dua and payable and shall bear interest fr~m the daie the~eof aatil paid at tne rat. ol nine per tentum per anrwm and to~ether with svch interest shail be secured by the lien o( thii mortgage. ~ f d. To permit, tommit or suffer ~e waste, Impaimtient or deterioratiun of snid property or any pnrl thereoi. ~ 5. To p~y all and singular the costs, chargei and expenses, i~cfuding a reasonable attomey's fee and eosis of abstracb of title, incvrred or pa~d at ` any time by said MORTGAGEE, becausa ot in iht event of the iailure on ihe par? oi Ihe said f:!pRTGAGOR to duly, promplly and fully periorm, d~schaege. ~ exe:ate, eftec?, complete, compl~ w~th and ab:de by each and every the stipcla:ic+m, agreemenfs, condilions, and cove~ants oi s~id pra.nissory note a~~d this I - mortgage any or ei~her, and sa;d cost:, charges and expenses, each artd every, shall be immedialely due and payable; v~•he~her ar not t:~ere ba notice da ~ man~, attemp! to collect or suit pe~dingj and the ful; amount of each and every such payment shall bear interest (rom tbe data thereof ~ntil pztd a1 the ( rate of nine per cenwm per ann~m; and all said tosu, charyes and erpenses incurred or paid, togatfier with suth intzreat, shalt bt secured by Ihtt I:en o~ thi~ mo; Igaye. ' - _ ' . • - : . b. That (a) tn tho event of any b~each of this Mortgage.or de~ault o~ tha patt of the h10RTGAGOR, or ('o; in the eveM any of said sums ~,f nwney herein referred to be not p~omptfy and (ully paid within ihirty (30) days next alter :he same severally becoma due and payable, wit'wut demand or notice, ? or (c) in tne event each and every Ihe stipulation:, ag~eements, condilio~s ane~ covenants of sa~d promissory note and_th~s mo~~gage any or ei:her are no~ i ~uty, Rromptly and fully per(ormrd, d~scharged, executrd, effected, completed, co~~plied with and abidcd ~iy, than in either er any wch event Iht said ag - gregate svm mentioned in said pro:nissory note then remaining unpaid, with tnterest aarued, bnd all moneys secured hereby, sha11 become due and pay- } able iorthwith, or tF~erea(rer, al 1he opticn of said M.7RiGAGEE, as fully and completely as ii oll of Ihc said-s~ms of mont~ were ariginally stip~Iated F to be Faid on svch day, anything in said promissory ~ote ot in this tilwtc~age to the contrary notwithstanding; and thereupon or Ihere~(ter at the optio~ of said A10RTGAGEE, without netice or ~emand, suit at law ~r in equi~y, therefore or thereafter begvn, may be proseculed as if all moneys secured hereby had matured prior ro its institution. ~ 7. 7hat in the event that at the beginning of or af any lime pending any s~~it u~n this Mortgaye, or to foretlose it, or to teform .it, or to enforce _ payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereot for Ihe appoinlment of a Receiver, such Court shali ~ forthwith appoin! a receiver of said mortgagej property alt and singula~, indud~ng ell and singula~ the inco.me, protits, issues and revenves.from whatever • source derived, each and every of wh;ch, it being expressly understood, is hereby mortgaged as if speufically set forlh and describad in !he grar.fin~ ar,d habrndum clauses herrati, and such Receive~ ~nall have aU th~ broad and ef(ectivs funct~ons a~d powers in anywise eNrusted by a Court to a Recziver, and such appointment sh-sll he ;:~ade by such Court as an admitted eqvity and a matter of absolutt rigM to said MORTGAGEE, and without referen.e to the . - adequacy or inadequacy of the val~e of the properry mortgaged or to the zotvency o~ insolvency of said MORTGAGQR :+r the defendants, and that sucfi ~ents, proiits, income, iss~es and reve~~::as shall be applied by such Receiver a:cording to the lien or equity of said MORTGAGEE and 1he practice of such Gourt. . - . ~ 8. To duly, Fromatly and fuUy periorm, discharye, execute, effect, complete. comply with and abide by each and every the stip~lat9ons, agreements, F __:or.d~tions and covenanfs +n said promissory note and this mwfgage sei forth. ~ - - . _ ~ ~ 9. THat in Iht event the ~wnership o( the mortgaged premises, or . any part lhereof, 6etomes vested in a person other _than ihe MORT aAGOR, thc ~ A10RTGAGEE, ita successors and assigns, may, without notice to Ihe ldORTGAOR, deal with such wccessot or successor in interest with re(e:er.:e to thif ' mortgage and the debt hereby secured in tha same manner as with Mortgagor without in any way vitiating cr discharging the Mertgagori liability here- under or upon the debt haeby-secured. N6 sale of the prem+ses hereby mortgaged and na forbearance oo Ihe "part of tha /~ORTGAGEE or its successors or assigns and no extension of the time for the pnyment of tha debt hereby secvr~ 9iven by the MORTGAGEE or its successors or assig~s,. ihall operate r to release, discharge, mociify change or affeci the original liability af the X.ORTGAGOR herein, either in whole or in part. ~ 10. It is spe~~fically agreed Ihat time is oi the essence of this contract and that no waiver of any obligation hE:eunder or of the obli~ation se= r cvred hereby shaQ at any time thereafter be held to_be a waiver of the terms hereof or o`. the instru:nent secured herby. ~ _ I l. In add;tion to the forege:ng moNhly paym2nts of pri~c pal an~ interest requited by the promisscry nole setvred hereby, mortgagor covenanis and ag:ees t~ pay fo n:crtgagea v~:!h each monthfy payrnent an addi~ional sum estimated by mortgagee fo be equal to 1/12 of the annual tost of the follow- ' f - i ing: . i A-~II real property tnxes levied or asseszed against ihe above desuibed rea! estate. . ' - ' } B-Prem;ums on 4ire and windstorm i~surar.ce as herein requ~red to be carried on the improveme~ts situata on the above describe~ premises. • C-Prem~~ms on such mortgage gua~anty ir.surar,ce as morlgagee shall firem time Io time deem fit to carry on the loan sec~red hereby. ' ldortgagee shall from tim: to time notify mortgagar in writing of the amount due artd payable her~und~r and such sum shall thereupun be due and payable en the due date of the next monlhly pavment and each successive month thereafler urti3 mortgagee shal) notify mortgagor of a change~in such amounl. S~th'svms shal! be applizd by mortgogee tov+ard 1h2 payment of real property taxes, inwrance premiums, and mortgage guaranTy inwrance pre 'vms. • _ ~ • ~YlT ~ :YHE OF, the said MORTGAGC~R has hereunto sel his hand and seal the day an~ year first aforesaid. ~ i~ ed, d delive? i the presence of: - - ~ _ e ~~s,f :if .L: ~ (Sea~ i _ f1~~C%~, C9llt~ . eY A3.COtt - • •E ~ ~ 5T.'_~U~•_~ ?~t;~~,5 (5ea1) - ~ ' . _ ~Ov~: _ ~tSeal) : ~Lt:;t;',i'`~~~n ~dl~~ 'cz.c"t~.~ ~ . - _ ' Rc~n~~ ;~rt-tf~ LauYa ~,J~ AI_CO (Seap ' $iATE OF fIORIDA ~ ~ . - _ . ; ~ c~uNrr oF _ S~. Lucie ~ • 1 ~~~.~~s - Before me personally appeared RoQeY A• AICO'~t and : Laura Q~COtt hes wife, to me well known ar.d known to me to be Ihe i~dividuals descr~bed in and who executed the foregoing instrument, and acknowledged before me that they exec~ted the same for the purposes fhorein expressed. _ And the said .1. ~COtt - 4 wife of the sa~d Roaer Ao ~1 COtt upon b seFarate and private ~ _ examination by me take~ separate and apart lrom her said husband, acknowledged to and Neiore me that. she executed said instrumeni fresty and volvn- ~ ~arily a~d wothout any .computsion, conslrainf, epptehension, or fear of or from her said husband. ~ ' ~ - V~IIINESS my hand and official sea! this -~-y+ day of M x ~ A. D. 19 75 j . . - # : Notary Fublic in end f e State of florida at large h1y Commission a~pir . ~ , Retvrn?to. _ . - . , ~ ' 3 V " ~ 6 - . f:rst Federal Savings ~ toan Assxiation - b', - Of Fort Pierce. . _ - 1;;~~;'`i;~„~'+f','. . Fort Pierce, flor~da ` _ • - - _ - ~ •'3'' ` ~ : ' ~t~ - ' . 1" ~ r r: " . . ~ , y~ - _ . . . - - ~ . - _ - . jj ~ ~ ~ ` ; f~ r ' - . . - ` . . 1 : f~ \ 5 +1e Q' * ' - ~ This Inst~ument Prepared By RobeiCt A. ,~'swisher Jz. - . _ -;'~:sJ ff _ First Fedprat Savings 8~ Loan Assotiation . ; ;Y, • : ' x~~` = - ; Di~ • y : ~ - of Fort Pierce F1oYid2? 33450 : ~ t ~ - ~ f . - ' _ , - i . * ~.'•rt_`~ c- 1 ~ Checked_ 3Y ~ p ~ " f - - _ ~ - ~ 1~ ~ Ii' ~ •r~ - - - so~x~~9 ~~r-~ ~Q~ ; ~ . _ ~ ~ ' . _ ~ ' . . ~ ' ~ ~ y. . _ C~Z