The URL can be used to link to this page

Home My WebLink About1592 . . 3. To plaa •nd contU?uously ke~p on tM buildinys ~ow w Mreaft~r ~itu~ts on said land and on ~II equipment and pasonaliy cov~r~d by this mat~ sge, with all pr~miu~t ~herea~ ps~d in full, firs•insurance in the usual iundard polKy fam. sun? approved by the MORTGAGEE, u+d winditam insur~nc~ in tM usual ~tandard polity form, in a sum app?oved by tht MORTGAGEE; in tuch comp~~y w tompani~t ~s tl+~ MORTGAGEE may d~reclp and all fire and wi~dstorm insurance policies on anY of said build~n9s, ~ny intK~st therein w part therwf, i~ tM +y~rc9+t~ ium afw~uid a In ~xceu thereof, iMll conuin the uiusl itsndard mutga9e~ cl~us~ w iuch oths~ claus~ u tM Mat~~yee m~y requir~, makinp the Iou ~r~ ~aid potf ciei, tath and every, paysb~e to said MORTGAGEE ~s ~n inte~e~t may ~ppta?. +nd e~ch and every ~uch policy shall be p~omptly +u:gncd and delivcred to ~ny held by ~id MORTGAGEE a~ furtF~e~ security to uid mort~ape debt, and, not leu ~hsn ten l10) days in advance of the txpintion of each policy, to da liver to iaid MORTGAGEE s renewal thereof, top~?Mer with a rtteipt fw the p?emium of such ~enew+l; +nd ther~ thall bt no fire w windsto~m insvr+nc~ pl~ad oo ~ey of i~id bvildirgi, ~ny iete~~st the~ei~ w part therwf; unleu in tF?e farti and w~th the loss payable afwes~id; ~nd in the event any s~m of mon~y becane~ p+yable ~nde~ such policy w policiss said MORTGAGEE shall haw tM option ro receive +nd ~pply the s+m~ on +ccount o~ tM indebted- ~eu tecvr~d h~ttby w to permit taid MORTGAGORS to ~Keive and us~ it O? any part lhereof fw othcr purposes, without thareb/ waiving O~ ~mpair- ing any puiry, lien or right u~der o~ by v'utw of thi~ morlyage; ~nd in the evem said MORTGAGORS shall for any reason fail to keep the i+~d premise~ so inturcd, or tail W detiva promptly any of said policies of insurance to said MORTGAGEE, ot fail promptly to pay futly any premium therefa or in any reip~ct fail w pafo~m, discharge, execute, effed, canplete, comply with uid sbids by tl?~s covensnt, a any par~ hcreof, ssid MORTGAGEE may place anA pay fa auch insuranc~ w any part thereof without wahrinp or ~ffectinp any optioe, Ikn, pv~ty, w riyht under w by virtw of this Mat9~pe. and the full amount of each and ewry such p~yment sMll be irrunediately dw a~d payabl~ ~nd ihall bear interest from the dat~ thtreof until paid at tM rat~ of nine per ce~tum pe? annum and together with suth interest shall be securcd by the lien of this mottps9a. 1. To permit, comrnit or suffer ra wasts, impairmeM or deterarat7on of iaid prop~rty or +ny part thereof. S. To pay ~II snd ungulsr the.cost~, charpes and expenxt, including a ro+sonabte atto~~ey's fee snd co~ts of abstracts of tiNe, incu~~ed o? paid at any time by uid MORTGAGEE, because or in the event of tF~e failuro on the part of the said MORTGAGOR to dvly, p~ompNy •nd fully pe~form, d~uhargg execute, effect, complete, comply w~th and abide by each and every the sYipula~io~?s, sgreements, conditions, and covenantt of said promissory note a~+d thi~ mortgsye ~ny or either, and ss~d msts, chargea and expenses, each and every, ihall be immediately dve and payable; whNher or not there be no~Ke da msnd, attempt to tolkcf o? suit pending; snd the full amo~?M of esch and every uxh psymeM shall bea. interest from the date thereof until paid at tne rate of nine per centum per annum; and all Hid cbsts, charges and expenses incurred or p+id, togelher w~~h such interest, ihatl be secvred by tM lien oi thN rtwrtpa9e. e, TMt ja) in thr event of ~ny breach of this Mwtgsgt or default on the paei of the MORTGAGOR, w(b) in the event sny of said sums of money herein referred fo be not promplly and (ully paid within thirty (30) days nexl aiter the same sevcrally become due and piyable, wilhoul demaod w notice, or (c) in the event each snd every the stipulations, ~greement~, conditions and coven~nts of ss~d promissory note snd th~s matpaye any w e~ther u~ no1 iuty, promptly and fvlly perfwmed, d~xharged. eaecuted, effected, completed, complied w+th and abided ~Sy, then in either or a~y such event th~ said a¢ pregat~ sum mentioned in taid promissory note then remaining unpaid, with imerest accrued, and all moneys secured hereby, shatl betome dw and p~y- abte fathwith, 01 tFllfNftN, at the option of said MORTGAGEE, as fully snd comp:etely as it all of the said wms of money virere aigin~tly ttipulatcd to be psid on such day, a~ything in said promissory note or in this Mortgage to the contnry notwithstanding; and ~hercupon or thereafta at the option of said MORTGAGEE, witho~t notice w demand, suit at law or in equity, thcrefae a Ihereafter begun, may be (xosetvted as if ~II moneys secvred her~by had rrWtured pnw to its instit~tion. 7. 7hat in 1he evcnt that st the beginning of w at any time pending aoy wit upon this Mortgsge, o? to fwectose it, or to reform it, w fo enfwc~ paymtnt of sny claima hereunder, said MORTGAGEE shall spply to the Court having jurisdiction thereof fw the sppo~nrmeM of a Reteivet, s~ch Court shall fortFiwith appoint a receiver of said mortgsged propcrty all and singular, includ~ng all and singular the inmme, profits, issues and revenues irom whatever source derived, esch cnd every of which, it being expreuly ur?derstood, is hereby mo~tgaged as if specifically ut fulh ~nd dewibed i~ the g?antirp and habendum clavses hereof, and suth Reteivtr shall have all tF~e b~osd am.! effettive funct~ons and powers in anywiu entrusted by ~ Co~rt to a Reteiver, and euch appointment ihall be made by such Court as an admitted equity and a rt+~tter of absolute right to said MORiGACaEE, and without reference to tM adequscy o~ inadeq~acy of the value of the property mortgaged w to the sonrency w insolv~ncy of ssid MORiGAGOR or the defendants, and that such renrs, profits, income, iuues and revenues shafl be applied by such Receiver according to the lien w equity of said MORTGAGEE and the practice of sud? Court. 8. To dul•r, promptly snd fully perform, diuharge, e:ecute, effect, complete, comply with aod abide by each snd every the stipvlations, ~greements, cw~dit'aro and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prcmises, or any part thereof, betomes vested in s person other than the MORTGAGOR, the h10RTGAGEE, iri successon and auigns, may, without ~otite to the MORTGAOR, deal with such successa w successw in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating p discF~srging the Mortgagori liability here- under a upon the debt hereby secured. No sale of the Fremises hereby mwtgaged and no forbearante on the pan of the MORTGAGEE w its successors - or assigns and no extensian of the time fa the payment of the debt hareby secured given by the MORTGAGEE or its successors or assigns, shall operate ro releau, d~uharge, modify change w affect the orginal liab~l~ty of the MORTGAGOR herein, either in whole or in ps~t. 10. It is specifically agreed that time is of the essence of this contratl and that no wsive~ cf any oblgation hcreunder w of the oblgaYan sr cvred hereby shall at any tierK thereafter be held ro be a waiver of the terms hereof w of the instrument secured F~erby. 11. In addition to the forego:ng monthly paymenls of princ"ppl and interest required by the promissory nore secured hereby, mortgagor covenants and sgrees to pay to mortgagee with each monthly payment an addirional sum est+mated by mortgagee fo be equal to 1 j 12 of the annual cost of the follow- ;ng: A-All real property taxes levied d assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improreme~ts situate on the above described premises. C-Premiums on such mortgage gvaranty insurance as mo~tgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mwtgagee shafl from time to time natify mwtgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and sach successive month thercafter until mortgagee shall notify mprtgagw of a change in such amount. Such sums shall be applieu by mortgagee toward the paymeni of real property taxes, insurance prem:ums, a~x! mortgage guaranty irssurance premiums. f IN WITNESS WHEREOF, the ssid MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ( n~ nL S~Sled delivered`in the ente f: - y/`r~~~~.~X~~ ~ ~s ~3ean ~ ~ ~ , _ ~ - . - - - - . ~ (Sea4 ~ STATE OF FLORIDA ' ~ couNn oF Saint Lucie ; ~ ~ Befwe me personally appeared Donald L. Tennyson £ Patricia C• Tennyson his wife, to me well known ar+d k~own to me to be € the individusls described in and who executed the fwegoing instrument, and acknowledged before me that they e:ecuted the same for tFx pvrpous rherei~ expressed. Md the ssid Patricia C• Tennyson ~ w~re ot ttM ~~d Donald L. Tennyson ; upon a sepsrate and priv~t~ e examination by me taken separate and apart from her said husband, acknowledged to and befwe me that she execuied said instrument freely and volun- !a rarily ~nd without aryr compulsan, constra~nt, apprehens~on~fear of w from her taid huiband. 3 WITNESS my hand and official seal thia 1~ day of February ~ p 19 68 ~ - Nota?y Public in ~nd fw the State of Fbrida at large s My Commiuion ezptes: ~j-~ 71 :j RlfVrn •TO: . ` finf Feder~l Sarings 3 loan Association - ~3 Of Fat P~erce. NOTARY PUBLIC, STATE OF FLORIOA AT I,AR6E M„ E~~»K~Su~N FHP~oErNoiE6TC6Ly ~J~N~~~:,,, eon Pierce, Fbrida FIIED AND RECOROED' , rs ST. LUCIE CCU~:TY, FLA. . ,~••'s - • r~: --f~ • . ~ This instroner,t prepzrzd ~y 164431 ~ ' ~~y~ : ~ . , First Fec:e:~l Sa~~. ~ Lcan A~sn. ~68 FEB ~ s ~ 9~ 50 - = of Fort Pie.ce ' - , ~ - - " - By ~ ~,~~C-~~ ~~idct~ll~ ~ - ':l:.:L 1'. '~~~If'~.i•~ •~"f .•T\~~~.. ~ • CLcRK CfRCUIT COURT ' ' . _ `tiy BOOKI7O PACE~.S~~ ~k ~ ~ f~ ~YU - - - ~ 4.~ = _ w r