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Home My WebLink About1383 ~ ~ I } ~ To plac~ •nd contirwiw?sly keep on tM buildinys now a M+~+fte~ Wtw~~ on said land and on +11 equip~»nt and pasonally aovK~d by this matp- ~y~, with all pr~miurtts thereon psid in full, fi~~ iruur~nt~ in tFN vw+l sqndard polity form, in a ~um approvtd by iFw MORTGAGEE. a~d wintbtwm in~ur~~ct M tM usual ~urdard polrcy fam, t~ ~ sum ~pprov~d by the MORTGAGEE~ in wch tomp~ny o~ oomWnies +s MORTGAGEE m+y diradl ~nd ~11 fir~ snd wlnd~torm insurae+u policies on sny of uid buildinpa, any Inttrqt tMrein ot psn tFKreof, in tl+t +pp~p+~~ wm da~said a in ~xcess thereof. ih+ll cont~in tM uiwl standa~d mortgags~ cia~w a such o11+N tlav~ ~s tM MortQa~es may rpuw~. m+kinp ~M Iws ~++d+~ s+id pdi~ cies, escA and ~very, p+Yabl~ to uid MORTGACsEE ai its intere:t m~Y ~pp~ar, and each and ~~ery svch po~icy shall be promp~lY aa•9ned a~+d deliv~r~d to any held by said MORTGAGEE ~s fu~ther security to taid mortgs~e dsbt, and, not I~ss thin tM (10) days in advance of tM expiration of each policy, to da liver to said MORTGAGEE a renewal therwf, topetFw with ~ rottipt for ~he pr~+nium of svch renewal; u+d ther~ sh~ll b~ no f~n or windstwm Inuuu+c~ placed on ~ny of ~sid lwitdinys, sny interest tMrei~ w psrt thereof, vnleu tn tM forin u~d with 1M bss paYabb a~ afwes+ids +~d in 1M ~vent any swn of nwney becanes p+Yabk w~der such polky w policas saW MORTGAGEE sh+ll h~w ?M opt~on ro ~ecrive and appty the s~me on +aoun~ of tM indebted ness secwed hereby w to pe~mit said N10RTGAGORS fo reaeiw ~nd us~ h or ~ny part thereof fa othcr pwposes, without thereb,l waivi~ig ot unpair- ing a~y equity, lie~ w riyht unda~ ot by vittw of this mortyap~; and in tM we~t wid MORTGAGORS sAall for any reason fiil to keep the ~+~d premix~ w insured, w hil to delive~ promptly any of ssid policies of insw~nt~ to s~id MORTGAGEE, w fail promptly to p~y fvlly any premium therefor or in ~ny respect fait ro pcriam, diuharge, ex~cute, ~ffect, compkt~, oomply wtth aod abids by this covenant, a any pu1 he?eof. said MORTGAGEE m~y place ~nd pay fw iuch inwranc~ a any p~rt thereof without weivinp a ~ff~ctinp any option, lien, pvity, w ri9ht undK a by vinw of this Mortp~, and the full ~mount of each u~d every such payment sh~ll b~ imnediateFy dw and p~y~bb snd sh~ll bear interest from tht dat~ thereof u~til paid ~t tM ~at~ ol n~ne per ce~tum pa annum and together with such interat shall be secured bp ths lien of this mat~ap~. ~ 1. To permit, commit or wffer no waste, impairment or deterioraYan of said propery w any psrt thereof. ' S. To psy all ~nd sinpulu ths costs, cha~es u+d expenses, includirg a reasonable ~tta~+ey's fes snd cwts of abstracts of tiH~, intvrred w paid at any time by wid MORTGAGEE, becsuss w in the event of the failwe on the p+rt of tM said MORTGAGOR to duly, promplly and fvl~y perform, dwchu9~ execute, effect, compte~e, tomply with and abide by each aed every the stipulat~ons, yreements, conditions, and covenants of said promiuwy nota a~d thii mortgays any w ei~he?. and uid cosb. cMrges and expenses, each and every. ih+ll be immediately due and payabla: whether o~ not the~e be ratice da mand, ~ttempt to collecl o~ wit pend~ng; and the full arrio~rnl of eacl+ and eve?y s~ch paymeM shall bear interest f~om the date thereof w+til paid ~t the rate of nine per centum pet uu~um; and all said costs, charges and expenses intvrred or p+id, together with s~ch interest, al~all be s~cured by tFa litn of thU mort~aa~. ~ 6. That (e) in the event of any breach of tha Mortgs~e or defwtt o~ tM part of the MORTGAGOR, or (b) i~ the event any of ssid wms of mawy ; herein referred to be not promptly snd fully paid within thirry (30) days next after ~he same severally btcome due and payabk, withoW demand or ootks. ~ or (cJ in the event each and every the itipulations, agreernen», cond7tions and covenann of ss~d promiuory note and th~s mortya9e any or either +re nol ; iuly, promPtty and futly perfamed, discharged. executed, effected. compkted, compl~ed with and abided by. then in either o~ any tuch w~nt tM aid ag ! gregate wm mentioned in said promissory note then remainirg unpaid, with interest atuued, and all moneya sacured hereby, sMll becane dw snd pay~ able fathwith, w thereafte~, at the option of said MORTGAGEE, as fully snd completety as if all of the said wms of money vrere orqinelly uipu:ated ~ to be paid on wch day, anythi~g in ssid promiuory note or in thn AAortpape to the contrsry r+otwithstanding; and thereupon or there~her N the option of ~ said MORTGAGEE, without notice o~ demand, suit at law or in equiry, therefore or thereafter begun, may be praxcuted ~s if all moneys sscvr~d hereby i had rnatured prior to iri institution. ~ 7. Thst in the event that at the beginning of or at sny time pending any wit ~pon this Mo~tgags, w ro fweclose it, a to reform it, or to enfwo~ ~ payment of any claims hereunder, said MORTGAGEE shall apply !o the Cowt having jurisdiaion thereof for the appointmsnt of s Receiver, such Court shall ~ forthwith appoini a receiver of sait! mwtgaged {xoperfy all and sirg~lar, includ~ng all and singular tfie income, profits, iuues ~nd revenues from whatever source derived, each and every of whKh, it be~ng expressly understood, is hereby mwtgaged as if spec~fically set fonh and dewibed in the qr~ntiny snd habendum clauses hereof, and such Receiver shall h~ve a!1 the broad and effective funct~wn a~d powers in anywise entrwted by a Court to a Receiva, and 4 :uch appoimmem shall be made by wch Court as an admitted equity and a matter of sbsolu~e right to wid MORIGAGEE, and without refe?ence to the adequacy w i~adequsq of the value of the property mortgsged or to tlx sowency or inso~vency of said MORTGAGOR or the defendants, u+d that such renrs, profits, inc«ne, iuues and revenues shall be applied by such Receiver accord~ng to ~he lien or eqvity of s+id MORTGAGEE and the practiu of such Court. 8. To d~ty, prwnpNy and fully perform, dxharge, execute. efiect, complete, tomply with and abide by eacfi and every tM stipubtions, ~graemenri, condit'qns and covenants in said promissory note and this mortgage ut forth. 9. That in the event the ownership of the mortgaged premises, or s~iy part thcreof, becomes vested in ~ perwn other thsn the MORTGAGOR, th~ MORTGACaEE, itt successors and assigns, msy, without notice to the MORTGAOR, deal with such successor w successor in intereit with refcrerxe fo this rro~tgage and the debt F~ereby secured in the same manner as with Mortgagw without in any way vitialing o? dixharging the Mort9agors' lisbility here- under or upon the debt hereby secured. No sale of tF~e premises F~eb~ mortgagcd a~d no fabearance on the part of the MORiGAGEE w its successon or assgns and no extension of the time fw the payment of the debt hereby secured given by the MORiGAGEE or its successors w suigns, iha~l operats to release, discharge, modify change or affect tF?e wginal liability of the h40RTGAGOR herein, eithe~ in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and thst no waiver of any obligation hereunder w of the obligafion s~ - cured hereby shall at any time thereafter be held to ba a waiver of the tem~s hereof or of the imtr~mem secvred herby. F 11. In add~tio~ to the forego:ng r~wnthly payments of princ'pal and interesl reQuired by the promissory note secured hereby, mortgagor covenanri ' and agrees to pay to rrwrtgagee with each monthly payment a~ addilanal sum estimated by mortgagee fo be eqwl to 1/12 of the annual cost of the follow- ing: A-All reat property taxes levied or auessed against the above desvi4ed real estate. B-Premiums on fire and windstwm insu.ance as herein requ~red to be carried on the improvements situate on the above described ptemises. ' C-Premiums on wch mortgage guaranty insurar~ce as mortgagee shsll trom time to time deem fit to carry on tF+e loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amoum due and payaWe Fureunder and such wm shall thereupon be due and p3yabte on the due date of the next monthiy paymem and each successire month thereafter ur,til mortgagee shall notify mortgagor of a change in such amount_ Such sums shall be applied by mortgagee toward the payment of real property ta:es, insurance prem:ums, and mortgage guaranty insurance ~ premiums. . ' IN WITNESS WHEREOF, the ssid MORTGAGOR has hereunto set his hand and sesl the day and year first afwesaid. ~igned, Seakd and delivered in the presence of: ~ ~ l fi z7 - - ~ ~ 1 ds~Be1 ~ ~ . . • ~ : _ .i . Q, - - :a.: d , SiATE OP FIORIDA ' ~ ' ~ V ~ courmr oF St. Lucie j v~i'• " tJ~'' • . ! Before me personally appea~ed ~ TA kp h N hn • n n ~ y. TAraAi a Aahr~ ha w~ie, to me well known and kri~Svlrlid~ine~to be rhe individwb described in and who executed the fore9oirg instrument, and ~clcnowledged before me that they executed the same for ths pwposes rherein expressed' And tbe sa:d Teresia ~0~1 w~fe of ths said Jakob Hehn ~ a sepsrate snd priv~t~ examination by me tsken separste and apaH from iror said husband, acknowledged to and beforo m~ that she executed said imtrument'freely a~d volurr rarily snd without am compulsion, constraint, ~pprehensioo, or fear of or from her said Iwsband. L.~ ? WITNESS my hsnd and official seal thK Z~ day of A O. 19_S~~__ ; . 'C • - ~ • Notsry P~Wic in and fw the State of Fbrida ~1 lu~e ~ , . My Commission expires: , ~ Rewrn Ta. Fin1 Federal Savings 3 Loan Associatan t"'.: _ - , Of Fort P'~erce. ~ ~ • ~O~S<;l,~s.: _ i: ' • ' . F~ort Pierce. 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