The URL can be used to link to this page

Home My WebLink About1362 } ~ a ~ i e . ~ : 3. To plaa~e and continvouily ke~p on tM buildi~gs now a he~eaftN ~ituat~ on said lu~d and on all equipm~nt u+d p~nw~ally cove?ed by this mort9• ~y~, with all prem;ums ~hereo~ paid in fvll, tiro insuranca in the utv+l standard policy fwm, in a:um app+owd by tt~s MORiGAGEE, ~nd windito~m tnswanc~ I~ ths vswl s~andard policy form, in • wm approvsd by tM MORTGAGEE. in wch comp~ny w compan+es a tM MORTGAGEE m~y dir~ctl aed ~II f1r~ ar+d wiedi~orm irowa~+os policies on any of sa~d ixriWcn~„ ~ny interest tl~ein w pa?t tMrwf, tn tM ay~repat~ aum ~fw~~aid a~ t~ ~xcest thereo/, shslt contain the vswl :tandud matgayee ciws~ w sucfi other cl~vs~ at tM Mortpa8es may ~equ'v~, m~?inp the loss under asid polb c'ro~, each and every, payabk ro said MORTGAGEE ~s in i~tereit m~y ~ppeu, snd ~ach snd ~very svth poUcy shall b~ promptiy ass;yned ~nd d~livered tp •~y heid by wid MORTGAGEE as fu~the? ~ecurity to said mortyaya dcbt, a~+d, ~ot leu than ten (i0) days in advance of the expkalion of each policy, to d~ l;vs? to uid MORTGAGEE a renew~l thereof, topa~her with a reteipt fo? the prtmium of such rer?ewal; and the~~ shail bs no firo w windstam i~wranc~ plactd on ~ny of ssid buildings, any interat therein or psrt thereof, unleu in the fam and with the Ioss p~yable as afcresaidj snd in th~ ev~nt any sun? of rtwnsy becornes payable vnd~r such polky a policiss ~aid MOR?GAGEE slwll have ths option to receive and apply ths same on accounf oi the iodebted neu secured hereby w fo permit aaid MORTGAGORS to ~eosive snd uss it or sny pari thereof for other purposes, without thereb/ waiving or impair• 1np any puity, lien o~ rigM unde~ a by virtus of this morlyage; and in the eve~t feid MpRTGAGORS shall fo~ any rea~ fsU to keep the said premises so inwred, a fall to deliver promptly any of said policies of iniurance to ssid MORTGAGEE, w fail promptly to pay fully any premium therefo~ or in a~y respect fail to pNform, dixharge, exec~te, effact, complete, comply with and ~bide by this cove~?aN, or any part hereof, aid MORTGAGEE may plaos and pay for such ir~w~ance or any pan the~eof without waivinp o~ ~ffecting any option, lien, equiry, w ~ght under or by vinvs of thia Monpspe, and tht full amo~nt of each and every such paymsnt shall be immediataly d~e and payabk and shall bear interest from ths daro thereof until paid ~t the raq ot nine per cantum per anrwm and togNher with such interest shaii be secured by the lien of this mortQage. To permit, comm;t or suf(er no waste. lmpa'ument or deterioration of said p?operty a sny pa?t the~eof. 5. To psy all and singulu tMe coan, chargn and expenses, including a reasonsbk attomey's fee and w:ts of sbstracts of titls, incuned w p~id a1 sny time by said 1NORTGAGEE, becauu or in the event of ths failuro on the part of the said MORTGAGOR to duly, promptly snd fully parform, dixhargR execut~, effect, complete, comply with and ab~de by each end every the st7pulations, aqresments, condit;ons, and covenann of saidp/ om;ssory ~ote u~d thu mortpaQe any p either. and said tosb, charyes and expenses, each snd every, shall be imnxdiately due and payable: whether a hot thae be rwtice da mand, attempt to colktt or wit pendingj and the full amount of each and every such psyment shatl bear interest from tAe date thereof until pald ~t the aafe oi nine pe~ te~~um per aru~um; and all wid cosri, charges ~nd expenses i~curred or paid, together with such interest, shall be setured by tM liea oi thil mor/9spe. - 6. Thst (a) in the event of any breach of this Mortgape w default on the part of the MORTGAGOR, or (b) in the eve~t sny of sa~d wms of rewney herein reFerred to be rrot prompNy and fully paid within thi~ty (30) days r?ext aiter the same severafly become due and payable, wilhovt demand o? noYice, or (c) in the eveM each and every the stipulations, agreeme~n, conditions and covensnts of sa~d promiuory note and th~s mortgage any or either ~re aoi ~u1Y, prompNy and fully perfpr~ned, discharged. executed. eifected, complefed, complied with and abided by, then in either w any such eve~t the said ag gregate wm mcntaned in sa'~d promiuory note then romaining ~npaid, with iroerest acaued, and all moneys setured hereby, thall become dw and pap able fathwith, or thereafter, af the option of said MpRTGAGEE, as fvlly and completely as if all of the said sums of money were wiginelly stipuiated to be psid on such day, anything in said promissory note w in this Mortgage to the contrary ~otwithstanding; and thereupo~ w thereafter a1 the option of said MORTCaAGEE, without notice w demsnd, suit a! law w in eqvity, therefore or thereafter begun, may be prosccuted as if all moneys secut~d heceby had maWred pnw to ~ts institution. 7. That in the event that at the beginning of a at any time pending any suit upon this Mortgage, w to foreclose it, ot fo rofwm it, a to e~?forp payment of any claims Ae~eunder, said MORTGAGEE shall app~y to the Court having jurisdKtwn thereof fw tF~e appointment of a Receiver, such Caut shall forthwith sppoint a receiver of said mongaged propeAy afl and singular, inctud~ng ail and singvlar the income, p?ofits, issues and rever~ues from whatever u+urce derived, each and every of which, i1 being expressly understood, is hereby mortgaged as if specifically tet forth and described in the g~~nting and habendum clauses hereof, and such Reteiver shall have all the broad and effettive func~ions and powers in a~ywize emr~sted by a Court to s Receiver, and such appointmertf shall be made by such Court as an admitted equity and a matter of absolute right to wid MORTGAGEE. and wishout reiereoce to the adequacy w inadequacy of the value of the properry mortgaged w to the sotvency or insolvency of said MORTGAGOR or the defenddnts, and that such ' renra, profitt, intome, isaues and revenves shall be apptied by such Receiver according to the lien or equity o( said MORTGAGEE and the prattite of sutlf Covrt. - 8. To duly, promptly and fully perfwm, dixharge, execute, effect, complete, tomply with and abide by each and every the sY~pulations, agreemenq, conditarn and covenants in said promiuory note and this mwtgage set fath. 9. That in the evcnt the ownership of the morfgaged premises, or a~y part thereof, becomei vested in a penon othei ihan t1~e MORTGAGOQ, 1he MORTGAGEE, iri successors and auigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with reference to this mortgaye and the debt he?eby setured in the same ma~ner as with Mortgagp withoW in any way vitiati~g or dixMrging the Mortgagors' liability hero- unde? or upon the debr Fiereby secured. No sale of the Fremises hereby mortgsged and no forbearance on the pan of the MORTGAGEE w its s~aessws or assgr?s and no extens'wn of the time for the payment of the debt hereby secu~ed given by the MORiGAGE~ or its successors w auigns, ?hall operets ro re~ease, discharge. modify chsnge or afFtct fhe original liability of the MORiGAGOR h~~ein, eithe? i~ whole a in pa~t. i0. It is spec~fically agreed that time is of the essence of this contrsct and that no waiver of any obl'~gation hereunder or of the obl'gaYan sa- cvred hereby shall at any time thereafter be held fo be a waiver of the terms. hereof or of the instrument sec~red herby. 11. In additio~ to the forego:ng monthly paymems of ~princ'pal and interest required by fhe promiuory note secured F~ereby, morfgagor cpvenanis and ag~ees to pay to mortgagee with each monfhly payment an add~riorta! sum estimated by mortgagee to be equal to i/12 of the annval cost of the follow- ing: A-All real t,ir::~rty taxes levied a assessed egainst the above destribed real estate. B-Premium- on iire and wiodstorm i~surance as herein requ~red to be carried on tF?e improvements situate on the above described premises, C-Premiums on such mortgage guaranty irts~rance as mortgagee shall from time to fime deem fit to tarry on the loan secured hereby. Mwtgagee shatt irom t~me to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly paymeM and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in s~xh amount. Such sums sF.aF+ applied by mortgagee toward the payment of rea) property taxes, ins~ronce prem:ums, and mwtgage guaranfy insu?ance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a~d year fiat aforessid Sig 'Seat and iver i the presente of: n f b n n STATE Of FLORtDA - couNn oF WCIE ~ ss. . eetae ~ P.,~~~oPQ Carl G. Dellin r ~~1y . ~ 1 Il~er his wife, to me wel) known and known to me tp be the incl;vidwb deacribed in and who executed ths fore9oirg i trwne~ and 1 before me that they executed the sams for ths p~rpo~p ` r~.~M .xa~,~d. a~d ~r,~ ~oro~'~y ~`.~e~nqer . rTc-7~-r~r-• wife of th~ Hid v• ueaiingez upon • separafe ~nd privst~ e~csmi~stwn by me taken xparate and apan from he? ssid hvsband, adcrawiedged ro and befwt me that she exatuted said instrument f~sely and volun- tarily ~nd without any compvltion, consrraiM, apprehens~on, fesr of w from her said husband. WITNE55 my Fwnd aod•official seal this ~ ~ NOV@ @_ . Y~ A. D. 19 68 . .~.~n~.... ~ 4 • Notsry Public in ~nd fw tht Std~ of Flwida at l~rp~ t. • FILEO AND My Comm~uan expires: ; ~ xai~?~'Ta RECGRl~p7 lbt+~1? fiic. Stde ol Ho~i~ d t~t~ ~ firat F~~et~~: SOvip~ i -~osA, ~s6tiation ~r ~~f~ ~ ~ ~9 ST. LUCf~ COUNTY~ ~ - o~ ~o.~ P;~a~ R~C RD VERIFIED ~ w.. ti~.. fw a c..+. c.. ~.r= v~Ks~,, fra.,~, i~..10 ~ : . : 'se • ' j0' 9 ' ` " . . ~ . N~ ! e ~M • ? • ~N f ~ ' ~ ~fls ~T1St~l~1C 1~i;~('~afCC~ B~/ ~ ' First FederbF. ~dt' loan Association ROGEA • oS f"~ort Pierce CLERK AS ciRCUir couRt; Checked By Richard K. Kay~~ . aooK~74 ~1359 r~ - ~ _