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Home My WebLink About1547 . . ~ ~ ~ d 9. To plac~ and coroirnwusly kNp on tM buildinps now a MnahK Wtwt~ on said bnd uid on all squipaieM and p~nonalFy cov~rd by thia mat~ +Q~ with at! pr~r»ivms thsreoa paid in~ ful~, firo insur~nc~,in ths vsw~ sundard policy fwm. fn ~ wm approvad by tM MORTGAGEE, ~nd wind~twm inwr~ncs in the uswl st+ndard poGcy (am, i~ • ium ~pptovsd by ~M MORTGAGEQ in wch company a companies ~s tM MORTGAGFE may dinetj ~d ail fu~ ~nd winditorn+ i~waece policia a? any of siid beitdinps, ~ny intaest thsretn or p~rt tMtwf, in tM ~py~ep+re ~~m aforaaW a in ~xoess tMreof, shall coMain t1+e usual stsndsrd mort~s~ clws~ or wch wlw~ cl~us~ u tM Matyapee maY rpuin, makinp tiw loss un~ said po1F cies, ~ach and svery, p~yabk w said MORTGAGEE ~s its imercsr may appsa?,,xd eash and ~very tuch policy ihall bs p?pnpfly ass:pn~d ~nd delivK~d to +ny MW by sald MORTGAGfE u fvnhe~ security to s~id matpag~ tkbt, snd, not kss 1Fun ten p0) days In advance of tF?s ~xpkaYan oF each polky, to d~- IivK to said AhORTGAGEE s renewal thereof, tog~ther with a ~eceipt fa tF?e pr~mivm of wch r~newal; and ther~ shali b~ no fi~e w wFndstorm inwranc~ plaad on any ot s~id buildings. sny interett there'+n a psrl tF~ereof, unleu in t!~ twm and wifh the lou payabls ~s afwaaldj u~d in tln evant aMr wn+ of mw~y becd»es payable unds~ s~?ch poticy or policia said MORTGAGEE shall haw ~hs optan ro reoeive aod apply tM same on scco~nt of tM i~dsbnd- ~ess aetu~ed hKeby o~ to pem?it said MORtCsAGORS ro reoeiw and u~ it p any part thereof fo~ othe~ purpoaa, without thereb~ waiving q impair- b+p anY pviy. lien or right under w by virtw of thls mortyspe; ~nd in tM ~vsnt said MORTGAGORS shall fw sny ~eaao~ fail to k~ep the said premises so insvrad, o~ fail W ds~ivet promptly ~~y of said policies of insuranq to said MORTGAGEE, or fsil pranpfly to p~y tulty any pranivm thers~or or k~ any resp~ct fatl to pKforen, discha~9e, txecute, effact, compltte, tomply with ~nd ~Wd~ by thi~ covenant, or ~ny pan Mrwf, ssW MORTGAGEE may plap ~nd pay fw aud+ Lnwaoc~ or ~ny put tMrwf wi~haw waivinp or affectinp anY option, tien. equity. or right u~ a by vtrtw of lhis Mortp~. uwJ tM full amount of ~ach and ev~ry wch paymant ahall bs immediatefy dw and payable and shal! b~ar (nfer~st f?om tM dats thereof until p~id af ths rat~ oi nine pe~ c~ntum psr anrwm ar+d together wi~fi such i~terest shall be secured by tM ~~en of this matgsge. 1. To p~rmit, commit w wffar no wute, impstrmant a deterioration of ssid propKty or ~ny put theraof. 5. To pay ~II and sirgulu th~ coats, cha?yes and exps~?ses, includinp s resson~ble attorney's fee u~d costs of abttracts of tifte, incurred w p~id at • eny tims by. said MpRTGAGEE, beca~se or in the event of the failwe ort the pa» of the said MORTGAGOR to duly, promptly and fully perform, dischu~ execvro, ~ffect, compkts, tanply with and ab~de by each ~nd every the atipulations, agreements, conditions, and covenanb of said promissory note u+d this mwt9~ps any w either. u?d said cosn, dwges and expenses, each and every, shalt be immediately due and payabfe: whethe~ a not the,e b~ rw~ice da mand, altempt to tollecf or sult pendirgj u~d the full amouM of each and every svch payment shall bec• interesl from fhe date thereof unfil p~id ~f IFK rate of nine per ctntum per aruxan; and all taid costs, charQes and rxpensea inaxred or paid, together with such interest, shall bt setured by t!?~ lien af this "+wtp+~• b. Tha1 (e1 in the ~vent of any breach of this Mo.tgs~s or default on tM part of the MORTGAGOR, or (b) in the event a~y of taid wms of moe~y herei~ referred to be not prompty and fuly paid withi~ thirty (30) days next after the same severally become due and payabk, witiwut derrWnd w notice, or in fhe event eac6 and every fhe stipulatioos, agrceme~ts. conditions a~d covenants of ss;d promissory note and this mortgage any w either are iw1 iuly, promptly and fully performed, discM?yed, ezecuted.8ifected. completad. complied with and sbided Sy, then i~ either or any iuch ~vent tM said ~ gregate wm mentioned in siid promissory note thm remaioing unpaid. with inlerest eccrued, and afl moneys secured hereby, sMll becoms dw a~d pay- able fathwith, or thereafter, ~t the option of said MORTGAGEE, as fvlly arx! completely as if all of the said wms of money wero o~i9inally stipulated to be paid on such day, anything in said promissory note u in this Mortgage to the contrary notwithstanding; and the~evpon or thereafter at th~ option of said MORTGAGEE, without notice or demand, suit at law ot in equity, therefae w thereafter beguq, may be prosecuted as if all ma~eyt secvred hereby had mawred priw ro its institu?ion. 7. That in the event that at the beginning of w at any time peoding any suit ~poo this Mortgage, w to fweclose h, or fo refonn h, or fo enfpros payment of any claims IKr~under, said MORTGAGEE sMlt appty to the Co~rt having jurisdiaioe the~eof to? the appointment of ~ Receiver, wch Co~n shs11 Fwthwith appoint a receive~ of said moa~gaged property all and iugular, i~clud~ng all and si~gula~ the income, protits, issues and revenues from whatever source derived, each and every of which~, it being expressly understood, is hereby mortgaged as if specifically iet fwth ar?d desu-ibed in the yra~Yup and habendum dauses heieof, and such Reteiver shall have sll the brosd a~d cffective functions and powers in anywise e~trusted by a Cou~t fo a Receiver, ~nd •uch sppointment shatl be made by wch Covrt as an ~dmitted eq~iy and a m~tter of absolute right to said MORTGAGEE, and withoul roference fo the sdeqvacy or inadeqvacy of the value oi the properry mortgaged or to the w~rency or Fnsolvancy of said MORiGAGOR w tFx defendann, and thst such rents, profits, income, issues and ~evenues shall be applied by such Receiver according to the lien ar eqvity of said MORTGAGEE and the practice of tuch Cou?f. ~ 8. To dufy, promptly and fully perform, discharge, execute, effett, complete, comply with and abide by tach and every the stepulatioes, sgreements, conditions and covenants in wid promissory note and this mortgage sN fath. 9. That in the event th~ ow~rshtp of the mortgaged premises, or any psrt thereof, becomes vasted in a person other thsn the MORTGAGOR, tM MORTGAGFE, its successors and ~ssi~ns, msy, witho~t noi~ to the MpRTGAOR,, desl with such succes}a or wcc~ssor io interest wifh nf to this mo~tQaye a~d tF~e debf hereby ~ecured 'm the same manner as wit~ Nbrtgagor withoW in a~y way vitiating o? discharping the Matyagors' ~ lity hers- under or upon ti?e debt hereby secured. No sale of the premises hereby mortgaged and no fabearar~ on the pan of the MORTGAGEE o~ H~ svuesaors or astgns and no extension of the time for the payment of the debt hereby secured given by ihe MORiGAGEE or its successors or auigm„ shall opsrate ` ro releue, dixhar~e, modify changQ w affect the original Iiability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed thst time is of the essence of this coMroct and that no waiver of any obl'gation herevnder a of ths oblipaYan se- cured hereby sfwll at any time thereafter be held to be a waiver of the termt hereof or of the instrument secured herby. T 1. In add~tioh ro the forego:ng mw~rhly payments d princ:pa) and Interest required by the promiuory note secured hereby, mortgagor eovenants and sgrees to pay to mortgagee with each monthly payment an addi~anal sum estimated by mortgagee to be equal to 1/12 of the annua) cost of the follow- ing: A-AO real prope?ty taxes kvied a assessed against the above described real estate. B-A~emiums on fire and windstorm insurante as herein requ~red to be carried on the improvements situate on the above dewibed premises. C-P~emivms on such mwtgage gwranty insurance as rtwrtgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgsgee shall from time to time notify mortgagor in writing of the amount dve and payable hereunder and such sum shalt therevpon be due end payable on the duc date of the next monttily payment and each successive m«?th thereafter ur,til mortgagee shall notify mortgagor of a chanqe in wch amount. Such sums sF.all be applied by mortgsgee toward the payment of real property taxes, insurance premd~ms, and morigage guarsnty iowwncf pr~miums. ' IN WITNESS WHEREOF, the said NIORTGAGOR hss hereunto xt his hand and seal the day and ear fint aforesaid. Siprwd, ed and deliv pd in the presente of: ~ ~ 88 SWOr . I1I1 ~n ~ ne . ~ r?ary 'Ti~n~ M ~n STATE O~?QOQ~ V~RGINIA ~ SS. COUNTY Of ~ d~fore rn~ p~rsonal .~..red Sllsworth K. Shinn , Mary O• S~11Tiri h;s wife, to me wefl known and known to me to 1» tM Individwb daaib~d in and who ex~out~d tM forparg i~utrvmenr, and ~cknowkdaed ~fon me tl~t they e:ea,ted the sarrK for tke purpos~s th~..sn .xP..ssed. /,,,d t.,. ,,;a_- Marv O. Shirul w;~, ~ Ellsworth K. Shinn ~ , ~sM ~ examinatan by ms ~sken sepsrat~ and ap~n from her ~aid Mnb+nd, ecknowkdged to •rd befone r~ tMt she execut~d s~{d i~trwnent k~tly and volvn. r~rily and withow ar~y cwnpvlsion, corutr~int. ~pprsl~ens~on, or fear of or from i~er ssid iwsband. WITNE55 my Mnd ~ed official s~al thi+ ~~~i'f~ d.y o{ veaber ~~.:~q,* Z' 8 ' :r~?~rs • Not~ ubtic in ~nd i tt~ of~i~ii~•~t,~(q~ i Return Ta ~11 issio~ tap'aes: _fi~'Z/~~~-7 j~{~.~ . ~ F~..t F.~..~~ s~„~~?~. s io.,, w»«»~~? FILED AND RECOROEDI c. i •d" ST. LUCIE COUNTY t~~~_ or r«.«. ~ . Rl.A: ~ . - . • ; ;V { fort Pierce, flo?ida FrEO ~•?1 V 1 - . ; • ° '68 NOV 2 `f ~ ~ . AN 1 : 9Z Thia lnstrument Prepared By ' First Federol Savings b loan Association L `~,cl of fort Pierce ROG POITRAS .I~ coilins ~~RK CIRCUIT COURT,~ Checked By aoo~174 ~i543 ; , . ~ . ~ ~ ~ ~