The URL can be used to link to this page

Home My WebLink About0647°.R: 2 38 BOOK 3. To place and tontinuoush keep ~ tM bulWtngs now a hereafter sltwte on NW bred and on all equipment and persondh covered by fhb mortg• age, with all p-emiumt Jhueon paid In full, ftn Irurtranp In tl+e wual etardard polky form, M a wm approved by tM MORTGAGEE, and windstorm Inwrartce In tM wual s»ndard polty form, In a sum appreved by fire MORTGAGEE, ks wch company or companies a tM MORTGAGEE may directs and all fhe and windarorm Iniwance pdides on any o1 eald building., any Interest therein a part tlwreof, M tM aggregate wm aforesaid or In exuu tMreof, sMll contain tM uwal standard morpagee clauw of such other crease as tits Mortgagee may require, maklrtg tM loss under Nid po14 ties, each and every, payable to said MORTTAGEE as I» (nnereat may appear, and each and every such polity sMll be promptly assigned and delivered to any Mid by Nid MORTGAGEE as further security ro Nid mtxfgapa debt and, not less then ten (1Q) days In advance of tM expiration of each policy, to de• liver to said MORTGAGEE a renewal tMnof, together with a receipt for iM premltrm of torch renewals and thus shall be no fire a windstorm Inwrance placed on any of Nid buildings, any interest thurrin or part thereof, unless In tM form and with tM loss payable as aforeNld; and in tM event any sum of naMr becomes payable under :ere4r policy or po!iciu NW MORTGAGEE sMll Mw tM option to receive and apply tM NtTte on account of tM Indebted- ness secured Mreby or to permit Ni0 MORTGAGORS to receive and uw lif or any 'pan thereof for otMr purposes, without thereby waiving or impair- Ing arty equity, lien or right under ti» by vlnw of this mortgapet and In the event Nid MORTGAGORS eMll for any reason fall to kwp tM NW premises w iruvred, a fall to delfvu pomptly any ~,rNid policies of inwrana to Nid MORTGAGEE, or fell promptly ro pay fully any premium thueiw a In any respect fall ro perform, discharge, execute, effect, complete, comply with and abide by this covenant, a any part hereof, Nid MORTGAGEE may plan and pay for such Inawance or any pan thereof without waiving or efhcting eny option, Iles, equity, or right under a by virtw of this Mortgage, and tM full amount of each and every such payment sMll be imrMdiaNh'dw a+d payebN and sMll"bear Interest from tM date thereof until paid at tM rate of nine per centum per annum and togetMr with such interest shall be secured by rite Ilea of fhb mortgage. 1. To permit, txmm~lf a wffu no waste, impekrMm a deterioration of Nid paOperty or acv Pan tMreof. i. "ro p±y e!! ....i eirsgvlar t!te ct:in, tltart,Jet arts exeersea, including a reasonsbie att0lMY i fee anti radio asF :`.::.c:C:i o: titre, irs:wrad d p:id at any rime by Nid MORTGAGEE, because or In tM event of tM failure on tM pen of tM Nla MORTGAGOR ro duly, promptly and fully perform, discMrgq execute, effect, complete, comply with end abide by ead+ and awry tM stipulations, agreerMn», conditions, and oovenan» of Nid promissory note and fhb mortgage eny or either, and Nid cosh. cFtarpes and expenses, each and every. sMll be Lnntediateh dw and peyabNr w)tetiter a not incr. ise notice d! :i~at:d, ails:,: i iu i:c:i:a{t sir suit '.rii: . an:S t:q '. Y(i Mrruurii 6f earl, ar' isii a:;iar • if'-411 ~•• 1.^.te•~et frc+rrt the •I~t. 11...w..1 „n•il ...I.f !NN •t.. to pa. ~ *~ y -~y':': rate of nine per centum per annum; and all Nid corn, charges and expenses incurred a paid, together whh such IMUest, shall be secured by tM Ilan of fhb n...rtg:p:. 6. TMt (a) in tM went of any breach of thh Mortgage or defwh on tM put of tM MORTGAGOR, o. (b) in tM event any of Nid sums of money Mrein referred to be not pomptly and fully paid within thirty (~0) days Mxt after tM Nme Nvually becorM dw and payable, without demand a notiu, or (c) in tM event each and every for stipulNioM, preerMn», ootditlons and cowMn» of Nid promiuory rate and this mortgage any or either are not iuly, promptly end fully performed, discharged, executed, effected, completed, complied with and abided by, then in either or any such went tM Nid aQ gregate sum rnentaned in said promissory note then remaining unpaid, With iMHNt accrued, and all moneys secured Mreby, sMll become dw and pap sole forthwith, or thereafter, at tM option of said MORTGAGEE, as fully and contple»h u if all of tM Nid sums of money were originally stipulated to be paid on such day, anything in said promissory note or in thh Mortgage to tM contrary notwithstanding; and therwpon or thereafter at 1M option of said MORTGAGEE, witfaut notice or demand, :uit as law w in eouity, therefore d thereaher begun, may be prosecuted as if ell moneys secured hereby had matured prior to its institution. 7. That in tM event that st the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enforu payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver o4 said mortgaged property all and singular, including all and singular tM income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly understood, is Mreby mortgaged as if specifically Nt forth and described in tM granting and habendum clauses hereof, end such Receiver shall have all the broad and affective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment steal! be made by such Court as an admitted equity and s matter of absolute right to Nid MORTGAGEE, and without reference to tM adequacy or inadequacy of the value of the property mortgaged or ro tM soHency or insolvency of said MORTGAGOR a the defendants, and that such : ...r: ....._.~ .:... _.... .__ ...._: ... .. .._ .,,~ ati .=..:s• yr=.. _, .-_---, ._:_e_ _-----'-- _ '.. -- err .e i:y sr* ?iizteiver a{~_ 7^:~ {- .r.. !.='' s: ~visy .-?i tai!i .r.:»STi=R~ic ar.;f ire }-sec4Fce of at;cia Court. R Tr ,l.,ly, I.rn,,,r.rly w.a:f f,.lly 5..,/nr,.t, llivlu.rw . er„r., effM_ {omf,l.r.; en,rrsly with and abide by each and every iM siipuiaiioM, aoreements, rnnrlitinna anti rnvenanra in swirl nrnm:awv ..,.r. .rwl •A:. ..v.r•~w~ ut r,a.tl!_ 9. That in the event the ownership of tM mortgaged premises, or any pan thereof, becomes vested in a person other than tM MORTGAGOR, tM MORTGAGEE, its successors and assigns, may, without notice to 1M MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discMrging tM Mortgagors' liability Mra- under or upon the debt hereby secured. tdo sale of 1M premises Mreby mortgaged and no forbearance on tM part of tM MORTGAGEE or its successors or assigns and no extension of the time for tM payment of tM debt hereby secured given by tM MORTGAGEE or its suctessors'a essigM, sMll operate to release, discharge, modify change or affect tM original liability of tM MORTGAGOR Mrein, either in whole or in pan. 10_ It is aoecificaily screed that time is of 1M esNnce of this contract and that no wefvu of any obligation hereunder a of tM obligation N- cured Mreby shall at any time thereafter be Mld`to be a waiver of tM rums hereof or of tM Imtrurttent secured baby. IN WITNESS WHEREOF, the said MORTGAGOR Ms hereunto set his Mnd and Nal tM day and yea first afor N~id~ Sealed and deliver rn 1M preNnce of: ~~~~r~~.fi %l /~ /% mss! .rj f ~ ~ 'i = r%i~ t-"!/c-.C."r%Ci' ~__ all yyyy ~ 7,~1~C~,r'~ (Sa Fil ANO RECORDED STATE OF FLORIDA Saint Lucie ~ COUNTY OF Before m• personally a ued JOhn J3~ Waters ~_; end Nel~ie Ruth Waters hh wit., to rn. well known area r-116 L{Rf~ fie rM individuals described in and who executed tM foregoing Instrurttent, and acknowledged before tM that they executed tM .±ro~•'ifj:~ therein expressed. And tM N~ N i R ti• 1 wife of tM Nid John $a WAterB - „ y~j'r • to r)rFrd •.il,.. examination by mt taken Nparate and span from hu Nid husband, ackrgwledged ro and before me tMt site executed said iriitn~R(+d~~rohtn'.:r tarily and without any compulsion, constraint, apprehension, o~ fur of or from her Nid husband. ~ ~ _ , L. ` . WITNESS m Mnd end official Nal this ~G J'~ ~~[[ ~ ~ ~• ra , Notary Publk in and-tor tM Stab of F}~efdbiPr.,lal~el ~~_ Retsr-n to: exp "rlkliT, 3!.!~ o} Fl;ri~a at Large First Federal Savings i loan Association Of Fort Pieru. Mr Commission ~xp:;::i =~~y. 4, 1961 Fort Pierce, Florida ~YeAld Ir Msriraa fin 6 V+.aat. Ca, r 9i5U;~ . ~-+ ~~v; ;;~~'r;;. ~; •; ', •.. `4rs~~ ; . ~ '%'1~~ •.. ., '~.,, ~ q 1,Y?~Ft V" -'~rrrrl rest, t... ~• - n-aq I;,JE~ POITHAS, ~l~n'. Si, IUCiE COUNTY, FL01:. .1' • ~~ B V. ~.~_