The URL can be used to link to this page

Home My WebLink About1705 3. To place and co~tinuously keep on the bui!d~ngi now a hereafter ~~tvat~ on said land and o~ all eq~ipmenf and personaUy tov~rsd by thii mwt9- ~ye, wirh all premiums therso~ pa~d ;n full, f~re insurance in Ihe usual s+andard policy fwm, ln a sur+n ~pproved by the MORiGAGEE, snd windstam insuranc~ in the ~susl s~a~dard pol~cy fam, in a sum app~oved by the MORIGAGEE, in such comp~ny w cornpa~i~s ~s tAe MORTGAGEE may d'uec~t +~d alI fi~e and windstorm insurance policies on any of sald bu7td~npi, ~ny interest therein or pat IFKreo(, in ~M +ggre9~te s~m afwesa~d or In ~aceu thereof, sMll contain ~ha uswl standard morrga9ce claune a such o~he~ cl~uss af fM Mwtyagee may requ~r~, makirg ~he lou unda sa~d polN ci~s, exh and every, psyable to said MORTGAGEE as it~ iroere~t may ~ppear, snd each and every svcA policy shall be p.omptly ~ss.9ned ~nd dalivered ~o any heW by said MORTGAGEE as lurther ucu~ity to ssid mortgage debt, and, ~ot leu tMn len (10) days in advance of tM txpiratian of each poticy, to dr IivN to said MORTGAGEE a renewal thercof, to~ethe? with a receipt for the premium of such rcnewal; and there ihall be ~o i~n o? windsto~m insur~nc~ pl~ced on +ny of sa~d buitding:, any interest therein o~ p+rt thereof, vnless in the (onri and with the loss payable as afaet+id; and in the event any :um of money becomcs payable unde~ such policy w policies said MORTGAGEE aha~l h~ve the option to receive and apply Ihe iame on ~ccouM o~ the indebted- nau secvred hereby a to permit said MORTGAGORS 1o reteive and uss it w any part rhereof !o. other pu.poses, w;~hout rh~rcbi wa~vi~~g o~ ~mpair- inp any equity, lien or right under or by virtw of thii mo::9age; and in tM event said MORTGAGORS shall fot sny reason fail to keep the said p~emius to insurcd, w fait tp delive~ promptly ~ny of said policies of insursnts lo said MORTGAGEE, or fail promptly 1o pay futly a~y premium therefo~ or in any respect (~it to perfocm, d~scharga, execvtc e(tect, compiefe, comply wiih a~d ~bide by this covenant, or any part hereof, said MORTGAGEE may place and p~y fw such insurante or any part thereof w~thout wahrinp w affectin~ a~y optian, lien, equ~ty, a right vnde~ a by virtw of ~his Mortga~e, and the full ~mount of each and eve.y such paymeM sha~t 6e immediatety dw a~d payabte and aha!! bea? interes~ from tF~s date thereof ~ntil paid a~ the ~at~ oi nins per tentum per ~nnum and together with tuch interest shall be secured by the lien of this tnwtg~ge. To permit, to:nmit w suffer no waste, imp~irmcnt q detNioration of said prope?ty or ~ny part thereof. 5. To pay aU ~nd singulsr the.cos», charges ~nd expenses, including a re~sonable atto~ney i fec and costs of abitracts of titte, incur~ed or paid at any time by uid MORTGAGfE, bccause w in the tvent of the failure oe thc psat of rhe ssid MORTGAGOR to dvly, promptly and fvlly pertorm, d~xharge, axecute, effect, complete, comply with and ab:de by esch and every the stipulations, agreements, conditions, and cove~~nts of said promiuory note and this mortg~ge any or either, and sa~d cosb, cMrges ~nd expenses, cach and every, sf?atl be immediately due and payable; whether or nof there be not~ce da mand, artempt to coUect or sui! pend~ng; a~d the (ull amount of each and eve~ry such paymcM shall bear intcrest from the date thereof ~ntil piid ~t the iate of nine per centum per annum; and all said cbsts, charges and expenxs incurred w paid, toge~her w~th such i~terest, ~hall be aecured by ths iien of this mortps9e. e. That (s) in the event of any b~each of Ibis Matgage o? default on the pan of the MORTGAGOR, w(b) in the evenf ~ny of sa~d wms of money herein referred to be not prompt~y a~d fully psid within th~rty (30) days nea~ after the same uve?atly become due and payable, without demand w notice, or (c) in the event each and every fhe stipu:ations, agreements, condirions and covcnanri of sa~d prom;uory note and th~s mortgsge any a either are not ~ulr, promptly and fully performed, d;scharged, executed, effected, completed, comptied with and abided by, then in Nther o~ any such event the said ag~ yregrts wm mentionad i~ said promiuory note then remaining unpaid, with interest accrued, and alt mo~ys ucvred hereby, :ha!! become due and pay- sble for?hwith, w thereafrer, at tF?e optwn of said MORTGAGEE, as fulfy and completely ~s ii all of the said sums of money were aiginelly st~pulated to bc paid on such day, anything in sa:d prom~ssory note a in this Mwtgage to the contrary notwithstsnding; and ~herevpon pr thereafta st the op~~on of said MORTGAGEE, without norice or demand, suit at law or in equity, th~?efwe w thercafter begun, may be prosccuted as if all moneys secured hereby had matored pnpr to its institution. 7. That i~ the event that at the beginnirg of w ~t any time pendlog aoy suit upon thia Mortgsgc, d to fweclose it, o~ to reform it, or to enforte paymem of any claims f+ereunde?, said MORTGAGEE shalt apply to the Coun havirg jw~sdlcrfo~ thereof !or fhe appo~ntmrnt of a Receiver, such Courf shall fortliwith sppoint a rKeiver of said mortgaged property all and singulat, includ~ng all a~d s~ngular the income, proFits, issues and revenves frpm whatever source de~ired, each and everyr of whrch, it being expressly unders~ood, is hereby mortgaged as ~f tpec~fically set torth and deu~ibed in the granring and habendvm clauses hereof, and such Receiver shalt have atl the broad and ef(ective funct~o~s and powers in anywise entrusted by a Court to s Receive~, and such appointment shall Lx made by such Cou?t ai an admi~tcd equity and a mauer of absolute righ~ to ssid MORTGAGEE, ~nd wifhout reference to the adequacy w inadeqwcy of the vatue of the property mortgaged u to the soivency o? insolvency of sa;d MORiGAGOR or tF~e defendams, and that such renrs, profits, income, ~ssues arx! revenues sFwll be applied by such Receiver MtOtd~n9 10 tF~! {iM W equity oi said MORTGAGEE and the practice of iuch GouA. 8. To duty, promptly and fully pe~fwm, discharge, execute, effect complete, comply with and abide by each and every the sripulstions, sgrecments, conditpns snd covenants ~n sa~d promisswy note and th~s mortgage set fath. 9. That in the event the owncrahip of the mortgaged prcmises, w any part thereof, becomcs vested i~ a person ptFxr than the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, w;thout notice to the MORTGAOR, de~~ .with such successw or successor i~ interest wifh ~eference to fhis mortgsye and the debt hereby secured in the same manner as with Nbrtgsgw without in any way vitiating ot discharging the Mortgagpri liability here- under or upon the debt hereby secured. No sate of the Frem~ses hereby mortgaged and no fwbeara~ce on the pan of the MORTGAGEE or its successws or ~uigns and no exte~sion ot the time fw the psyment of the debt hereby secured given by tFx MORTGAGEE or its successors or auigrts, ahall ope~ate to releax, d~schar9e, modify change w affect the orig~nal liab~l~ty of the MORTGAGOR herein, eithe~ in whole w in part. 10. It is specifically agreed ~hat time is of the esunce of this contratl and that no waiver of any obligat3on hercunder w of the obligation sr a.red hereby shall at any time thereafter be held to be a waive~ of the tc~ms hereof w of the instrument secu.ed herby. 11. In add'etion to the forego:ng monthly payments of prir~c'pDl and inrerest requ~red by the prom~uo~y np~e secured hereby, mortgagor covenants and agrees to pay to m.ortgagee with esch monthly payment an add~~anal sum est~mated by mwtgagee to be equal to 1/12 of the annual cost of the folfow- iny: A-AO real p~operty taxes levied w assessed agai~st the above desc~;bed reat esrsre. B-Premiums on fire and windstorm insuronce as Fxrein requ~red to be carried on the improvemeats situate on the above described premises. C-Premiums on such mortgsge guaranty insurar,ce as mortgagee shall from time to time deem fit to carry on the Ioan setured hereby. Mwtgagee shall from teme to time notify mortgagor in writing of the amount due and payabte Merev:~der and such sum shaN fher~rpon be due and payable on fhe due date of the next monthly payment and each success7ve mon+h thereaiter ur.~il mortgagee shall notify mortgagor of a chsnge in such amount. Such sums ahall be applied by mortgagee toward 1he payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance p~cmiums. IN WITNE55 WHEREOF, the said MQRTGAGOR has hereunto xt his hand and seal the day a year first afwesaid. ed, ale and del' e~e 'n the presence of: ~ - ~ ~ +n . ~ a~ (Seap STATE Of FLORIDA ~ courmr oF S t. Luc i e ~ Before me personally appeared Geor~e Culverhouse , Jr, a~ aP@Y1C38 Irene Culverhouae his wife, to me well known and known w me to be the individwta desuibed in and who executed rhe foregoing instrument, and acknowledged bcfore me tF~at they executed the sarps;~,or,,the purpose~ ??K.~~~ .,~~,~„~a. a.~a rr~ said Brenda I rene Culverhouse ~ . T i~---~ - wife ot tF~e s~id G e o rge C U 1 V8 PYlOli S@~ Jr upor, .a°lepi:Lte. rnd priwt~ ex~minstio~ by me taken separate and apan from her ss7d husband, scknowledged to and before me that she exetuted srid ins)furpfnt f{e~ly ~pd volvo- rarily u~d w;thout ~rqi compulsion, constraint, apprehension, feu o! or from her said hvsbar~d. ~ WITNESS my I~and and officisl seal th;s da of 1 a y A D.' •19. 66 9 _ . . ~ ~ otary Public in and fw the Staf9`}5'F ~:lwida -~t .4arye My Comm ion tapirea: ~ . Return To: p "i ~ fiqt Peder~l Ssvings ~ loan Associafion RpEp s~'J ~~t Of Fort P~erce. N(],~ R~ 7 Q(~`( ~~f1011 23, ~b9 .~q~f Piefce, fforida F~~ED 1? l ~..e.r b ~+..~wa. rr. i G~..y e..~ ' _ ~ ' ~ ~ t`+`'" 1`'~ ~ - ~ _ - . P~1 2 . 59 - _ = ~ _ _ ,~6 f ;t~~ 2gi ~~1fi5 - : . - - - ~'zYRK _ ~ - R~~~r.. _ CpUpl . ~ c_'~• - s~• L ~LpRIDA a~ . ~ ~ o R ~4~. 5C~~ 600K ~ -~',~•4 ~ ~ ~e:, . _ _ s._.. ~ P.. ~ ~ : ~ ~ ~