The URL can be used to link to this page

Home My WebLink About2742 . ~ ~ ~ ^ S ~ ? ' ~ To plx~ and continuously ke~p on the buildinps ~ow a Mreafta sit~~t~ o~ iaid land and on dl equipm~nt and pasona~hr cow?~d bY thli mor?p~ ~p~, with dl premiur•i~ IMrwn p+~d in full, fire insuranc~ in the usual stu+da~d policy fwm, rn ~ swn approwd by tM MORTGAGEE, and winditaen inswanu In th~ ww1 itu~dard policy faen, in ~ sum approv~d by tl+~ MORTGAGEE, tn s~ch companY or ca^P+^~e+ u tM MORTGAGEE may dinctt ~nd all fk~ and winditorm ir?iurante poticies on +ny of said buildinps, any iMerKt therein or p+rt thenoi, in iht ~rcp~t~ wm afor~taid or In ~xcas Iherwf, sh+ll contain 1M wwl it~ndud mort9spH cl~vse o+ wch o~her clavs~ a tM Maty+p~e may roquw~. makinp tM loss unde? said po1} c;q~ ~scl~ ~nd ~v~ry. WYabl~ w said MORTGAGEE as in intere~t may ~ppNr, and e+ch and ~very :uch poliq shatl b~ promptly ~u:p~ed s~+d d~livered ~o •ny h~ld by said MORTGAGEE as furthN wcuriry ro ssid mortyape debt, and. ~ot ku tMo tee~ (10) d+YS i~ +dvanu of tM expi~~tion of ~ach pofity. to dM IivN ro ~aid MORTGAGEE a ~enewsl tMreof, to~e~Fw~ with a receipt fa the p~mium of ~uch renewalj snd then shall b~ no fi?~ w winditwm inwranc~ plaad on ~ny of s+id buildirgs. ~ny interest thar~cn or ps.t tFwnof. w?leu in the fonn'and with th~ lou paY+ble as ~faesaidr a~d io th~ ~v~nt aey ~wn of morKy becanp pay+bl~ w~d~r wch pol'~cy w policas s+id MORTGAGEE sF?r~l Mw tM option to roceiw and ~pply /M iam~ ort +coount o~ tM ind~bt~ rkw s~tvnd h~r~by w b permit said MORTGAGORS to teceive ~nd us~ it p~any part thereof for othcr purposes, wi~hout thrreb~ waiving a~mpair- inp any pviry, lien o~ ripht under or by virtw oi this mortp~pej u~d 1fl f~N fVltlt M~d MORTGAGORS sh+ll for any reason fail ro kaap the s+id pr~+nisss w , iniu~ed, or fatl b d~livN promptly +ny of said pol'Kies of ir?swsncs ro said MORTGAGEE, or faif promptly to pay fullr +^Y premi~m thc~e~w or in any ! risp~ct fsil b pKfonn, disch~rye, ~xecvt~, effect, complet~, oomply with and ~bid~ by this covenant, a any pan Mrwf, s~id MORTGAGEE may placs and i p~Y for such hpwanu or ~y p~~t thereof without wahinp a ~ff~ctinp ~oy optiay li~n. puity, o? rght ~rx~ a by virtus of this Mwt~~. and tht full ~mouet of ~ach ~+d w~ry wch p+YmN+t sb+ll b~ immedistely dw ~nd psy~bt~ uid sh+ll be~r intKe~t from tM dat~ thereof un~il paid M 1M rat~ ot nin~ pN csntwn p~r annum u~d tog~ther with sucA i~taeat shall be secured by tM (ien of this mwtyape• To pKmiL oomrnit or wffa no wast~. i~np~ument w deteriontion of ssid propKty w ~ny p+rt the?eof. ! S. To p~y sll ~nd sinyula ths.cwts, cF?arqes a~d expenset, incl~dinp a reasonsble snomey's fee and cosb of abstractt of titl~, incurred • any tim~ by said 11RORTGAGEE, b~caus~ a in tM +vent of the failure on tM parf of th~ uid MORTCaAGOR ro duly, promptly and fully perfwm, dixhar9~. execvte. ~ffect. oomple~e. comply w~th and abtd~ by ~ac.h and every the stipulatans, agreemenrs, condttions. and covenanb oi s~id promisswy noM and thw mortyap~ any a eithe~. and sa~d cwts, chuga and ~xpa+ses, each and every, shall be immediitely due and payable: wlrctMr w not ther~ b~ notici ds mand ~tttmpt to collstt w svit p~ndinp; and tM fvll amt.~*t o# eath and every wcb WYme^~ sh+~~ be+r interest from the dat~ thereof until pi'w' :i i~~i ~ate of nine per ccntum per anoum; ~nd ~ll said cdsts, chu~ snd expenses incwred a p+id, topether with wch intsrsst, sh~l) b~ setwed by tM li~n of this 0. That W in the event of any bresch of this Monyspe or default on the part of the MORTGAGOR, or (b) in the tvent any of aid svms of mon~y ~ herein r~ferred to be not promptly and fully paid within thirty (3Q) days next after the same seve?ally become dve ~~+d P+Yabk, without demand w notice. ~ or (rJ in tM evMt ~ach and every the stipulatioru, sg?eNrKnts. conditions and covensnn of ~aid promissory note and this matype any or ~ither are no1 ivly, prompUy u+d fully performed, d~uharged, executed. effected. completed. compl~ed with and ab~ded ~iy, then in either w any tuch ewnt tM said aQ~ prt~t~ wm menta+~sd in said prom~uory note then remaininp vnpaid. with interesl scuued, and all moneys setured hereby, sMll becom~ dw sr~d pay~ able forthwith, 01 flft~NfiN~ at the option of said MORTGAGEE, as fvlly ~nd compl~tety as it slt of the said sums of nwney were aipin~lly dipul+ted to be paid on :~ch day, anythirg in ssid promiuwy note w in this Matyage ro the contrary notwi~hsu~+ding; a~d therevpon or thereafta ~t the option of said• MORTGAGEE, without notk~ w demsnd, wi1 at laa x in equity, therefo~e or there~fter begun, may be prosecuted u if ~II ma~eys secur~d hereby hsd m~tured p/~Or to its institution. 7. TMt~iii 1M avent that at the beginning of or st a~y time pending aoy wit ~pon this Nbrtyage, or to faeclos~ it, a to reform it, w to enfwu paymeti'of ~ny cla'Mns he~evndar, s+id MORTGAGEE sMll spply to the Court having jurisdiction the~eof fw the appointment of ~ Receiver. such Co~rt shall fatliwith ~ppoint • receiver o~_said ~ort9sged propcrty all and singular. ir?clud~ng sll ~nd singular the income. profits, iuues ~nd revenues from whatever wuru darired, esth and eveN'of which, it being expressly u~deratood, is hereby matgaged as if specifically xt forth and described fn the g~antinp and habe~tiwn clauses bsreof, and ~uch Receive? shall have sll the broad snd effective functtons and powcrs in snywise entrusted by a Cou?t to a Receiver, ~nd auch ~ppointmeM ~ha11 be made by s~th ~Coun ai an admitted equity and a matter of absolu~e rght to said MORTGAGEE, and w~thout reference to tF~e edequ~cy or in+deqwcy of the v~lw of the properry mortgaged or to the sonrcncy o. insolvency o( said MORTGAGOR w the defendann, and that such rents, profits, incane, iuues and rlv~oues shatl be applied by such Receiva accordiny to the lien or eqvity of said N10RTGAGEE and the p?actice of such . i Couft. - _ 8. To duly, prompNy and fully perform, d'acharge, execute, effect, complete, comply with and abide by each and every the stipulations, ~greemenb, :onditans u~d covenanrs in said promiuory nofe and fhis mortgsge set fath. 9. That in fhe event the ownership of the mortgaged premises, w any part the~eof, becomet vested in • penon other than fhe MORTGAGOR, the ~ MORTGAGEE, ib succcssors and sss'~gns, may, without notice to the MORTGAOR, dcal with such succeuor or succeasor in interest with refcrence to this ~ mortya9e +nd the debt hcreby secured in the same manner as with Mortgsgw witFwut in any way vitiating w discharging the Mort9agors' liability hera under a upon the debt hereby ucured_ No aale of the Fremises hereby mortgaged snd no forbearance on tlx pan ol the MORTGAGEE or its successws or ~ssignt +nd no ex~ension of the time fo~ the paymeM oi the deb~ hereby secured given by the MORTGAGEE or its succeuon or sssigns, shall operate to rekase, d~scharye, modify charge a affect the org~nal liability of the MORTGAGOR herein, either in whole o? in part. 10. It is specifically agreed thst time is of the essence of this contrad and that no waiver of sny obligaYan hereunder or of the obligation se- a.red hereby shs11 ~t any time thcrtafter be held to be s wairer of tFx terms l+ereo( or of the instrument secured herby. I1. In addition to the fo?ego:ng mo~thly paymems of princ"pDl and interest required by the promiuory note secured hereby, mortgagor covenanfs and sprees to pay to nwrtgageeaivith esch monthly paymmt an additionsl s~m estimated by mortgsgee to be equal to 1/12 of the annual cost of the follow- ing_ A-All real property taxes levied w assessed against the above described real estate. d-Premiums on fire and windstorm inaurance as herein requ~red to be canied on the improvemcan sitvate on the sbove described prtmises. C-Premiums on such mortgage 9wranty insurance as mortgagce shall from time to time deem fit to carry on tMe loan setured hereby. Mortg~gee sMll from Y~me to t~me notify mwtgagor in writing of the amo~nt due and payable herevnder and such wm shall thereupon be'due and payable on the due date of the next monthly payment and each successive month thereafter until mortgsgee shall notify mortgagw of a change in such amwmt. $uth wms shall be applied by mortgagee toward the payment of real property taxes, insurante prem:ums, and morigage guaranty insur~nce i premiwns. t IN WITNE WFIEREOF, the said MORTGAGOR has herevnto sei his hand and ual the day a year first aforeaaid. ~ ~ de ' 'a jhe preserxe of: ~ / S a~ ~ ~ ' Sea4 ~ ~ ~ STATE Of FLORIDA l ~ j St _ Lucie i • • I ~ courm oF Joseph M. Segrist, a single adu2t ' e.for. e+. penona~~y .pp...ed A~S$Qrist~ a M1C~011 Fj~j~~ to me well known snd;known to mt to b~ M the in~vidwb d~sc?ibed In ~nd who tzecuted the fwe9ang instrument, ~nd ackrawledged befwe me tha~ they t:acuted the ssm~' f6~ tht pvrposes ~ ther~in ~xpr~ss~d. ~ +9~![~ ~ ~ i ~ r WITNESS mp Mnd ~nd officul sMl thi day of ' d~ '~r A D. 'J9~_ ~ ` - i;,. . • - ~ - Notary Public m~od (ot tM;1ay~ ilwida ~t+.lupe ~ My Commission ~xpiros: /O s/~(y~ ~ Retv?n Ta. first F~dsr~l S+vinps a~.~ w~~«~at;«~ ~ FILEO AND RECORDEO ' ~ reTiur wwe, tuTE ~ aau~ ~t, Qf Fort P:erce. ST, LUCIE COUNTY, FLA~AV COMMISSION IXPIRES OCT. li, 97~ ~ Fon P~e+ce, Flw~ds ~,~~.~r~t'~ ~owosv •MAOVON rwen w. o~ss~e~«ow~• ~ ~ rv z ~ , i ~ ~r', '68 MAY 2 0 10 : 3 This instrument prepared by ~ ~~i.'~ . ~ First Federal Sav. & loan Assn. ; a , • of Fo~t Pierce o~•- ~ t o~ tRNs ' CLERK CIRCUIT COURT Qp~~~~ ~ ey c~a:t~~n - - ~ - ~ , ~ ' . ~ _ - - , _ ~ . ~ .v. ~