The URL can be used to link to this page

Home My WebLink About2630 ~ : To plac~ ~nd continvously kcep on the buildingi now or hereaft~r fitwte on said land snd on all equipment ~nd perwnally covered by thi~ mott¢ : p~, with all premiu~+» tMrcon p+~d in ful4 f~re insur~nc~ i~ the usval standard pot~cy. form, ~n ~ ium approved by the MORTGAGEE, and wind~twm , ieuwu~c~ In tM ~sual ~t+ndard pol+cy fam, in ~ sum ~pproved by ~he MORTGAGEE, i~ tuch comp~ny or companies ~s 1M MORTGAGEE may d'u~ctt and ~II tin and wind~torm insuwnce poliues on any of said buitd~n9s, any interost the~ein or part thereof, io tM a~grtp~t~ tum aforeuid ot ' In ~xc~u ~hereof, sM~l cont+in the uiual st~nda~d matyay~e clause or such other cla~ns ~i the Mortp~gee may requir~, makinp ths ioss undsr uid poli~ ~ ci~s, sach and eve~y, p+Yabte to iaid MORTGAGEE as iti interes~ may +ppear, snd each and ~very iuch policy shall be promptly au:9ned and delive~ed to ~ ~ny MW by iaid MORTGAGEE as furtMr iecurity to taid mortgsga debt, and, not les~ than ten (10) days in advance of the eap:r~t~on of each poliq, to de- liwr to uid MORTGAGEE a renewsl thereof, to9e~ha wiih a receipt fo? the p~emium of tuch renewal; and ~her~ thall bs no fire or windstorm Insur~nc~ plK~d on +ny of iaid buildings. ~ny in~erest therein or pa~t thereof, unlcu in the form'and with tM lou paYable as aiw~aids and in tF~e event any tum ~ of mon~y becanes p+Y+ble unda such policy w polici~s said MORTGAGEE shall fi~ve ths optan to ?eceive and apply tM iame on accouni o~ the ind~bted~ otu secured Mreby a ro permit said MORTCaAGORS to receive +nd uu it a any part thereof for othcr purposes, wi~hout thareb~ waiving or ~mpdir• Inp any p~ity, lien w right unde~ or by virtw of this mort~~ge; ~~d in tF~e eve~t aid MORTGAGORS shall for any reason fail to keep the said p~emiies w ~ i~s~~ed, a fail to dsliver promptly ~ny of said policies of insunnce to iaid MORTGAGEE, or faii promptly to psy fully any premium therefw or in any nspect fail 1o per(orm~, discharge, execv~s, effect, complete, comply with ~nd ~bids by this covenant, or any part he~eof, said MORTGAGEE msy place and ~ pay fa wch lnsuranc~ w+ny pui thercof withovt walvinp o~ ~ffectinp any option, lie~, equity, a right under w by virtw of thii Mwtgaye, and the fvll amovnt of each ~nd evsry s~+ch payment sMll be immed'utely dw and payabls and shall bear i~teresl from tF?s date thcreof ~ntil paid a~ ths rat~ 01 , nin~ pK tentum per annum and together with tucA interest shall be secured by the lien of thii mortgsge. ? 4. To permit, commit or suffe~ no wsste, impairment w deterioration of taid property or any p+N the~eof. ~ 5. To pay ~II ~nd sinpulu the.cwts, charyes and expenus, including a reasonable atewney i tee and costs of abstrocts of title, incurred w paid at : ~ny tune by said MORTGAGEE, because w in the eve~t of the failure on the part of the said MORTGAGOR to d~ly, promptly and fully perform, diuharg~ ~ ~xec~re, effect, comptete, comply with ~nd abide by exA and every the stipulaiions, agreements, tonditions, and covenants o~ ssid prom~uery rwfe and this mort~e any o? either. snd ~aid costs. chargq a~d expen~rs, esch and every, shall be immediately due and payable: whether w not there be notice da mand, ~ttempt to colktt a iuit pending; and the full amount of each ar?J every such paymem shall bea. imerest from the date thereof vntil paid at the rate of nine per centum per annum; and ~II said tosts, cMrges and expenses inturred w paid, together w~th suth interest, ahall be setured by 1M IiM of thu matpa~e. : e. That (a) in the event of any bresch of this lMortgage w defautt on the p~A of the MORTGAGOR, a(b) in the event any oi ss~d sums of morKy herein referred to be not prompny and fully paid wi~hin th~rty (30) days neat after ~he same severalty become due and payable, without demand or notice, w W in tM event e~ch and every the stiputations, agreements, conditions and covenanrs of sa~d promiuory ~ote and tlui matgage ~ny w either are nW ~uly. promptly and fully perfwmed, d~scharged, executed, effected, completed, complied with and ab~ded by. then in either or any tuch eveM the said ag pregate wm mentioned in said promiuory note thtn remaining unpaid, with iNerest sccrued, and all money~ secured hereby, shall become dw and p+y- able fo?thwilh, or tlxreaite+, at the option of said MORTGAGEE, as fu~ty and completely as ii all of the said sums of money were wiginally st~pvlated fo be p+id on such day, anything in ss:d promissory note or in this Mortgage ro the contrery notwithstand~ng; and thereupon or thereafte~ at the option of fsid NkORTGAGEE, without notrce o? demand, s~it at laa w in equity, thereforc w thereafter begun, may kx prosecuted as if ~11 moneys secured hereby ~ had marured prar to ~rs instiwtion. 1 7, ihst in the event ehat at the beginning of w at any time pending aoy suit upon this Mortgsge, or to fweclose it, w to reform it, w to enforcs payment of any clsims hereunder, said MORTGAG~E sMll apply to the Cou.~ hav~~g jurisdiction thereof fw the appo~ntmer.t of a Receiver, svch Court shall Fortliwith appoint s receiver of said mortgaged property all and sing~lar, includ~ng all and singu~a? the income, p~of~ts, iuves and revcnues from whatever ~ource derived, esch and every of which, it being expressly understood, ia hereby mwtgaged as if speci(ically ut fwth snd described in the granting and habendum clauxs hereof, and such Receiver shsll have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and tuch appointment shall be made by such Court as an admitted equity and a maner of absotute right to said MORTGAGEE. a~d without refermce to ihe ~deqvacy w inadequacy of the value of the property mortgaged or to the sotvency or insolvency of said INORiGAGOR p tl+e defendann, and that such rcnts, profits, income, issues and reveaves shall be spplied by such Receive~ accord~n9 to the tien o? equity of said MORiGAGEE and the practite of such CouA. • 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the sfipulations, agreemenis, condiYans and covenants in sa~d promissory note and this mwtgsge set forth, 9. That in the event the ownership of the matgaged premises, or any part thereof, becomes vested in a person olher than the MORTGAGOR, the MORTGAGEE, its successws and asi~gns, may, without noiice to the MORTGAOR, dral wi~h such successw a iuccessor in interest with refcrence to this mortgsge and the debt hereby secured in the same manner as with Mortgagw without in any way vitiating or d~scharging the Mortgagors' liabitity here- under or upon the debt hereby secured. No sale of the Fremises hrreby mortgaged and no forbeerance on the part of the MORTGAGEE w its successors a essigns and no extension of the time fw the payment of the aebt hereby secu~ed given by the MORTGAGEE or its svcceszors or sss~gns, shall ope~ate to release, dixharge, modify change w affect the ori9~nal liab~lity of the MORTGAGOR herein, either in whok a k?~part. 10. It is specifically agreed that time is of the esxnce of this contract and that no,waiver of any obligation hereunder or of the obligatan se- cured hereby shall at any time thereafter be held to be ~ waiver of the ?erms hereof o? of the instrurt+ent secured herby. 11. In add:tion to the fwego:~g monthly payments of princ'p~l and inte.esf required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mo~tgagee with each montnly payment an addirional sum est~mated by mortgagee to be equal to 1/ 12 of the annual cost of tf~e follow- 'ng: A-All real property taxes levied or assessed agai~st the above described real estate. B-P~emiums on fire and windstorm insurance as herein ?eqv~red to be carried on the improvemeats situate on the above described premises_ C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry o~ the ban secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payabfe hereunder and such sum shall thereupon be due and , ~ payable on the due date of the next monthty payment and each s~ccessive month thereafter ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:vms, and mortgage guaranty insurance premiums. I IN WITNESS WHEREOF, the said MORTGAGOR has hereunto ut his hand and seal the day and yesr first aforesaid. ~ Sipned~}5e le and delivere n the• presence of: eQ~, C~~!?~~~+is l.Y U.G.I~ ~3Q! (Sea4 cs~•n cshn cs~•n f STATE OF FLORIDA ~ ~ CouNn oF Saint Lucie ; Befwe me personally appeared Earl Stokes a~ Mamie Joyce StO~@S his wife, to me well known and known to me to be the individuals described in and who execvted the foregang instrument, and acknowiedged befwe me ihat they executed the same fo~ the purpous therein expressed. And the said ~~~1e Joyce Stokes wife o4 iM said Earl L. $t0}C@S upon • separate end priwt~ examinaian by me taken separate and apan from her said husband, acknowledged to and before me that slx e:etuted said instrument frcely and volurt- tarily and withovt ~qy compulsion, constraint, appreh naiqry u fea? of w from her said husband. WITNESS my hand and official xal this ~t~ day of t~iarch A. D. 19_5$ t~~~ Notary Public in a~d for the State of F{orid~ ~t lupe My Commission expires: ~ 1~ a 4~ 7~ Return To: Fnt Feder~l Savings b loan Association • ' Of Fort P~erce. NOTARY PUBLIC, STATE Of FL~.tDA..y1T UlRG6 MY COMMISSION E~(PIRES l~IOV. ,'la,~ 1~7•/~ Fon Piercc, Florida wNOeo TMROU1iM FR:o w. p~~i-si~Hawr.. ~ fILEO AN~ RECORDED~ - - p;^"=''` t,,~n. ST. L'JCIE C.OU~lTY. FLA. ~ TI11S I(!Sitii``V Fi 1.~~~i~ ' c - •,-.-~c rrr ~ ~ _ _ ~ 4 U'.. + 1. F~~St F~~aj o~ Y?~`y~ 165i1;~ ~ , ~ . ' ~ . : i ~ - '66 ~~'~R I 2 ~'+I 10 : y 0 . . . ~ By. ~ ' 1'.I H • . . l„1',!~':.S CLERK CIRClJIT COURT ~ ~ BO~K ~r~O PAGE~V~O ck ~ ~ _ , Y~, ~ - ` ~ ~ z°-~ ~