The URL can be used to link to this page

Home My WebLink About2575 i ~ ' ~ To pl~u ~nd continuousy kNp on tt+~ buildirps now or Mre~(tK utu~t~ on said I~nd and on ~II equipmtnt ~nd psrwn~lly oovKed by thi~ mo~t~ with ~I) pr~miw~A ~henon p+~d in full, fi~e Insuranc~ i~ the usust ~tandard policy Io?m, ~n • tum ~yxowd b~ ths MORiGAGEE. and wind~torm tmwanc~ in tM uiwl it+e+dard polky tam, tn a ivm approved by ~M MORTGAGEE, tn tuch compu~Y w ca^P+^~K +s 1i+~ MORTGAGEE may dirMt +i+d all tIn ~nd wG+d~to?m insv.~na policies on ~ny of s+id buiW~nps. ~ny Int~ry? tha~in a put tiKreof, i~ 1M ap~re~aN sum afaaaid w In ~xceu ~hereof, sl?~II contain tM uswl atandud mort9apN clau~e o? iuch otha c1auM as tM Mortp~qe~ may requin. makinp tM losa undK said pd} ciq, ~acl~ ~nd ~v~ryr, p+y+bl~ ro said MORTGAGEE u it~ intereit may ~ppta?. ~nd ~+ch ae~d every tvch po~icy al+~ll b~ promP~~Y ~u~9^~ +^d de~~v~r~d to •ny 1»W by s+~d MORTGAGEE ~s 1ur~M.3ecwitr to ~sW mor~pape debt, ~nd, not leu than t~n (~0) dayi in ~dvanc~ oi the txpiral'an of axh policy, to dr livK fo said MORTGAGEE a rentw~l thirwf, f0~1i~ with a rec~ipt ior the premium of such rer?tw~lj ~nd tMre shsll be no fu~ w wir?d~~am intvr~i+t~ placed on any of a1d b~itdi~p~, ~ny tnterett tMrtin or part tMrwf, unleu in tM forei u~d with th~ loss p+yablt as ~fwessidj ~nd in tM ~venl +ny sum j of moe~y bacomet p+yabls ~nda wci? policy a policiq s~id NIORTGAGEE ihall Mw th~ option to receive ~r+d apply tM s+n+~ on +ccount o1 tM ind~bted~ n~ss s~cvr~d Mttby or /o permit ssid MORTGAGORS 1o reuive snd ~s~ it p any parl thereof (w otfier ~u~poacs, without thereb/ ~+raivi~~ w impair- tnp any pvity, lia+ w riyM unde? a by vi?tw of this mortpapet and h tM ~wnl wid MORTGAGORS thatl fw any ~eason fail ro keep the s~id premiset so inivred, or f~il b deliver promptly aoy of ~aid potities of ins~n~ce to s~id MORTGAGEE, or fail promptly to paY fully +ny pr~mium the~tfp w M any re~p~tt f~il to pa(o~eA, dixMrge, execute, ~ffatt, tomplete, comply with u~d abide by this mvenant, or a~y part hereof, said MORTGAGEE m+y plsce ~nd paY fa such inwranc~ w any put theraof without walvlnp or ~ff~ctinp any option, Iw~, tquity, or riyht undar a by virtw of this Ma+qsp~. and the full ~mount of esch ~rd ~wry such payment shall M imrnedi+ttly dw and paysble and ~hsll beu intereil from tM daN thereof w+til paid N th~ rat~ oi n;nc psr cenwm per ~nrwm and together with sucA intaest thall be secwcd by tM lien of this mort9+y~• _ 4. To pamit, comnJt or wffer no wsste, imp~irment or deterior~tion of aid property or any p+N the~eof. 5. To p~y sll a~d sirguls~ the.msts, cha~es ~nd expenses, incl~?dirg a reasonable anwney's fee a~d cosn of ~bstrads of tide, incvrred w paid ~ny tims by said MORTGAGEE, beuus! w in the event of the failure on the ps~t of the said MORTGAGOR to duly, promptly and fully ptrform, d~scharg~, execute. ~ffsct. compkte. comply with and abide by esch and every the iY~pulations, agreemenrs, cor+d~~ioes, and covenaon of said pramiuwy not~ a~d thu mortysp~ any w either. and said cos~s. ch+rges and expenses, esch and every, s1ut1 be immediately due and payable: whether o~ not ther~ be notice d~ msnd. ~tltmpt fo tdllecf w wit perd~ng; and tM full amount of each and every wch payment shs~l bear i~tereit from the date thereof u~til paid at the rate of nine per centum per snnum; and all said cdsts, charges and expenses intvrred w paid, together with such interest, shall bt setwed by tl» li~n of tlw l mortp+p~• e, flwt (a) in the event of any breach of this Mortgage or default on the pa?t of the MORTGAGOR, w(b) in the evenl ~ny of s~id s~ms of money herein r~ferred to be not promptly and fully paid within thiny (30) days next afte? the same severatly become due and payable, without demand o? notice, or in the ~vtrlt each and ~very the stipubtions, agreements, conditions and covensnts of sa~d promiuory note and th~s mwtppe any w eiti+er ar~ not ivly, promptly and fully perfamed, d~xFwrged, executed, effected, completed, complied with a.~d ab~ded by, then in either or any such event ~M s+id ag ~rey~t~ sum m~ntioned in said promissory note thM remaining unpaid, with interest acuued, and all moneys setured hettby, shall betome dw and p~y- able forthwith, or lhere+fta, at the option o} wid MORTGAGEE, as fully and canpletely as if all of the wid sums of money wcre oriqinatly ~tipu:ated ; ro be paid on such day, a~ything in ssid promissory note or i~ this 1Nortgage to the contrary notwithstanding; and thereupon or thereafta +t the optio~ of ~ •aid MORTGAGEE, without ratice w demand, suit at law or in puity, therefwe or thereafter begun, may be prosecuted u if all moneys secured hereby had rr~stured ptiw to iri institutio~. 7. Thal io ths avent that at the beginnirg of w at any time pendirg aoy s~it upon this AAatgsge, w ro fweclose i~, or to reform it, o? to enfwce payme~t of ~ny tlaims htreunder, iaid MORTGAGEE shall apply to the Court having jurisd~ction thereof fw the appo~ntment of s Receiver, such CouA shall fortliwith sppo~nt a receiver of ~said matgsged propeAy all and sing~lu, includ~ng all and singular the income, profits, issues and revenues from whateYer tource derived, esch and every of which, it beirg expressly understood, is hereby mortgaged as if specifically sN forth snd destribed in the granting ar+d habendum tl+uses hereof, and such Receiver shall have all the brosd and effective functwns and powers in anywise entrusted by a Cou?t to s Recciver, and ~uch ~ppointment shall be made by such Court as an admitted cquity arxl a matter of abwlute right to said MORTGAGEE, and without referertce to the , adequacy w inadeqwcy of the value of the proper~y mortgaged or to the wtvency or insolvency oi sa7d MORTGAGOR w the defendann, and ~hat such renrs, profin, income, iuues snd revenues shall be applied by such Receiver accosdiny to the lien or equiry of said MQRTGAGEE and ~he practiu of such CouA. 8. To duty, promptly snd fvlly perform, dixhsrge, execute, eifcct, complete, comply wi~h and abide by esch and every the stipu{atie^s, agreemenb, conditioiu and cover+snts in said {komissa~y note and this mortgage set forth. , 9. That i~ the event the ownership of the mo?tgsged prem~ses, a any part thereof, becomes vssted in a pe?wn othe~ than the MORTGAGOR, tM MORTGAGEE, iri successon and suigns, may, without notice to the MORTGAOR, deal wifh such successor or successor in interest with reference to this mortgage and the debt hereby setured in the same manner as with Nbrtgagor without in any way vitiatirg a dixharging the /8ortgagors' liability hera- un~er w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbcsrance on the part of the MORTGAGEE a its successors or auigns and no extension of the time fw the payment of the debt hereby secu.ed given by tFx MORTGAGEE or its successors or au~gns, sfiall operate fo release, discherge, modify change w affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. It i~ specificslly agreed that time is of the essence of this contract and that no waiver of any obligaYwn hereunder w of the obligation sr ' a;red Ixreby shsll at any time thereafter be held to be a waivet of the terms hereof a of the instrumeM secured herby. i 11. In addiYwn to the for o' monthl ments of nnc: 1 and interest r uired b the omi rate secured hereb , mort covenants # ~'9 •^9 Y WY P PD e9 Y P~ s~~Y Y 9a9« and agrees to pay to mortgagee with each monthly payment an addirionsl sum estimated by mortgagee to be equal to 1/12 of the annual cost of the iollow- ing: • r ~ A-All real property taxes kv~ed w asseased against the above deuribed real estate_ B-Premiums on fire and windstwm insurance as herein requ~red to be carried on Ihe improvements situate on the above desvibed prerti~ses. C-Premiums on such mortgage 9uaranty insurarce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. i AM1ortgagee shall from time to time notify mo~iyagor in writing of the amount due and payable hereunder and such sum shall thereupo~ be due and ! payable on tha due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall noGfy mortgagor oi a change in uxh ( amount. Suth sums shall be applied by mortgagee toward the p+yment of real property taxes, insurance prem:ums, and mwtgage guaranty insurarxe 4 i premiums. ~ IN WITNE55 WHEREOf, the said MORTGAGOR Fws hereunto xt his hand and seal the day a year first afor id. ~ S;p Sea ed and de ' red ' the presence of: 'Ses~ ~ ~ , •l ~ ~ € ~ ~ - rc..q . • ~ ~ ~ ~ ^ ~ S1ATE OF FLORIDA ; ~ ~ ~C. Ci. = cout~ttt oF Sai nt T.nrti = tf ~ 1_ Before me personally appesred Soph~~ s p~ t e r s en ~ Jr . v':~~" tr~. 1;'~;~ . %11~ Petersen h~: W~r~, ro ~ i~~~~ a~a. Q?~~ ro b. the i~vidwb desvibed in and who executed tMe foregang instr~ment, and acknowledged before me tFwt tlxy exbyutid the ~~rr~~`,f11e purposes rherein expressed. And the w~ Pstersan ''~••,~r~. ~e h~~q D~teraen .Tr ~ wife o4 ths said p ~ ~ • , upon a separate end private examinaYron by me tsken aeparate and apaA from her said husband, sdcnowledged to and before me that she executed said instrument frcely and volvir rarily and w~thovt aiqr compulsan, constra~nt, apprehens7on, w feu of w from her said husband. WITNE55 n~~ hand snd official seal this 23la day of July a p. ~ :2 ~ Notary Public in s for the Stafe of Florida at larpe ~ My Commiuion expires: ee?~~o Ta. FILED AND RECORDEO • ~ F~..r Feder~) Savings d~ Losn ~s«~at~o~ gT• LU'CIE CQUNTY, FLA. ~Q~' ~ic; Sta.e of Horida at large Of Fort Pierce. .iy Commission Expires S~t. 23, 196; ~ r. FOA PIlftl, Flwids b~3~d ~Y A:.~nc~n iu~ 3 Gsaa!!r Co This inst~ument prepared by ~68 2 4 ~1 ys ~irst Federal Sav. & Loan Assn. of Fort Pierce T, D1 iSCO11 " ' {j' ~N 3y Ct.~RK CIRCUIT COURT ~ ~DL'!~ ~ t ~ `T~?_,~ _ _ , _ - _ _ _ - - - - - _ =