The URL can be used to link to this page

Home My WebLink About2130 ! . s~,~ 3. To place and continuously kcep on ths buildinys now w hereafter ~ituat~ on said Iand and on ati equipment ~nd pena+ally covered by thi~ mafp- eg~, with a11 premiums thereon paid in full, fire insurance i~ the ui~al itandard policy form, i~ a sum approved by the MORiGAGEE, and winditwm insur~~ce in the usual standard policy form, in a sum approved by th~ MORTGAGEE, in such company w compa~ies aa ~he MpRTGACaEE m~y direclj and all fira and w~ndatorm insurance policies on any of said bvild~,ops, any Inrerast therein or parl thereof, in the sggrepate tum afaessid a in exccu lhereof, sMll contain ths usual itandard mortgagee clause or such other ciause as the Mwtgagee may requu~, making the toss unda said po1F cies, each and every, payabls to ssid A10RTGAGEE as its interest may appear, and each and every such policy shall be prompNy au:yned ar+d delive~ed to any hel~ by taid MOR?GAGEE as further secui:ty to ~aid mwtgage debt, and, rt:~ leu lhan ten (10) days in advance of the axpirafan of each policy, to da liver to taid MORTGAGEE a renewal thereof, topethe~ wi~h a receipt for the p~emium of such renewal; and the~e shall bs no i~re or winds~orm insura~ce plated on any of said buildings, a~y interest the~ein or part thereof, unleu i~ ~he form and w;th the loss payable ai aforesaid; a~d i~ the event any sum of money betomes payable ~nder such poliq p policies ssid MORTGAGEE thall have the optio~ to reteive and apply the same on account of the indebted- neu secuted hereby Or fo pe~mit said MpRTGAGORS t0 reteive and ute it W any parl thereof for oth~~ purposes, withouf thaaeb/ waivi~tg o? ~n~pair- i~g arty equity, lian or ~igh? under a by virtue of this mo:tgage; and in the event wid MORTGAGORS shall (w any reason fail to keep the said premiKS so i~sured, or fsil to deliver promptly any of said policies of insurance to said MORTGAGEE, w fail promptly to pay fully any premium therefor w in ~ny respecf fail to perfam, d+scharge, exec~te, effect, complete, comply with and abide by th;s covenant, w any part hereof, said MORTGAGEE may place and pay fw such inwrance w any part thereof without waiving o? affecting any option, lien, equity, o~ right under w by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately dus and payable and ahall bear interest Irom the date thereof vnfil paid at tM rats oi nine per centum per annum and to~ether with such interest shall be secured by the lien of this mortgage. I. To pemnit, tommit or suffer no waste, ImpairmeN q deteriwation of said property or any part thereof. S. To pay all and singular the costs, charges a~+d expenses, including a reasonable attorney i(ee a~d costs of abstratts of tit~e, incurred o? paid at any time by said MORTGAGEE, because or in the event of the failure on the pan of 1he said MORTGAGOR to duly. promptly and tvlly perfwm, d~uhargq execute, effed, complete, comply with and ab;de by each and every the stipulations, agreements, conditioos, and covenants of said p~omissory note and thii mortgage any or eithe~, ar~d said costs, charges and expenses, each and every, shall be immediately due and payable; whether o? r?ot there be nprice da~ mand, attempt to collect o~ svit pending; and the full amounl of each and every such payment shall bear interesl from the date fhercof until paid at th~ rate o( ~ine per centum per a~num; and all said costs, charges and expenses incurred w paid, logether with such interest, shall be secured by the lien of this mortgsge. 6. That (a) In the evenf of a~y breach of this Mwtgage or default on the part of the MORTGAGOR, w{b) in the eveM any of wid sums of money herei~ referred to Fx not promptly and fully paid within thirty (30) days next aftcr the same seve?ally become due and payable, wi~hout demand w notrce, or (c) in the event each and every the stipulations, agreements, conditions and covmants of sa:d promiuory note and th~s mwtgage any a either are no1 ~uly, promptly and fully performed, d~xharged, executed, effected, completed, complied wi~h and abided by, then in either or any such event the said ag~ gregate aum mentioned in said promissory note then remaining unpaid, with iNerest accrued, and all moneys secured hereby, shaq become due and p~y- ebte forrhwith, w thereafter, at rhe optio~ of said MORTGAGfE, as fully an: :ompletety as if all of ~he said sums of money were wiginally itipulated to be paid on such day, anything in said promissory note or in lhis Mortgage to •he comra~y notwithstanding; and tberevpoe a thereafter at the option of said MORTGAGEE, without notice a demand, suit at law or in equity, therefwe or thereafter begun, may be prosecuted as if s!! moneys setyred hereby had matvred prior to its institution. 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to foreclose it, w to rcform it, or to enforce payment of any claims hereu~der, said MORTGAGEE shall apply to ihe Courf Raving jurisd~ction thereof fa the appantmeot of a Receiver, sexh Court shall forthwith appoint a receiver of said mortgaged prooeAy all and singular, includ,ng all and singular the income, profits, issues and revenues from whatever source derived, each and every of which, it being expressly vnders~ood, is hereby mortgaged as if spec;fically set forth and dexribed in the granting and habendum clauses hereof, arrd such Receiver shall have al! the broad and effective funcf~ons and powers in anywise entr~sted by a Cou?t to a Receiver, and such appointment shall be made by such Court as an admitted eq~ity a~d a matter of absolute ~ight to said MORTGAGEE, and witlw~t refere~ce to the adeqvacy a inadequacy of the value of the property mortgaged or to the w~vency or ;naolvency of said MORiGAGOR o~ the detendants, a++d tF~at svch ren~s, profits, income, isaues and revcnues shall be applied by such Receiver accwd~ng to the lien or equity of said MORTGAGEE and fhe praqice of such Court. 8. To duty, promptly and fully perfwm, diuharge, execute, effect, complete, comply with and abide by each and every the stipulatiau, agreements, conditiona and covenants in said promissory note and this mortgage set forth. 9. That in the eveM the ownership of the mortgaged premises, a any part thereof, betomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuors and assig~s, may, withpW notice to the MORTGAOR, deal with such successor q successor in interest with refererxe to this mortgage and the debf he~eby setvred in the same manner as with Mortgagor without in any way vitiating or discharging tlx Mortgagors• liability here- ~ ndec w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors or asaigns and no extension of the time fa the payment of the debt hereby secured given by the MORiGAGE~ o~ its succe:sas a ass;gns, slw!! opeiate to release, discharge, mod;fy change or affect the original liabil~ty of the N1pRTGAGOR herein, either in whole or in part, 10. It is specifically agreed that time is of the euence of this contrad and that no waiver of any obl;gation hereunder or of the obligafion se- cured Fwreby shalt at any time thercaite~ be held to be a waiver of ttx ferms hereoi ar oi the instrument secured t~erby. 1 L In addrtio~ to the foregoirx~ monthly payments of princ"pal and interest required by tlx promissory nofe secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1 f 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~st the above described real estate. B-Pren~iu~ns on fire and windstorm insurance as herein requ;red to be tarried o~ the improveme~ts situate on the above described premises. C-Premiums on s~ch mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee sfiail from time to tirne 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 payment and eacb successive month thereaiter ur.til mortgagee shall notify moregagor of a hange in such amount. Such sums shatl be applied by mwigagee toward the payment of real property tazes, insurance prem:ums, a~xl mortgage u anty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and y first for Sgned, Sealed and delivered in the Sresence of: Y c,t.p~ww C' Cc/ ' ah z ness , . ~ e4 _ ry v ; ~ a~ STATE OF fLORIDA ~ COUNTY OF St- I_ _i Before me personally appeared John N. 17D5 a~ EdIL3 S. S 1m5 h~s wife, to me well known and koown to me to be the individuals deuribed in and who exec~ted the foregang instrument, and acknowledged before me that they executed the same fot the purposes therein expressed. And the said Edt'!~ S• $7.IDS wife of tlx said .10h12 N. S].1IIS examinafion b me taken se pa upon a sepanfe ar+d privare y parate and a rt from her said huaband, atknowledged to and before rne that ahe executed said instrument freely and volun~ tarily uid withoul anr compulsion, constraint, sppr~ nsion, oc {ear of w from her said husband. WITN~SS rhy Mnd end official seal thi~ day of C b I A. D. 19_~. • , i~~ • Nota Public in snd for the State Florida af larye ~ ~ Ff LEO A(dD RECORDED My R'""°" exPires: ~ ~ :•:Ri~yfn-io: N07ARYPU811C. ~i~'~ ,~~~~eae.,r ~,,;r~r a; t~~ ~~;a,;a, ST. LUCI£ COUNTY. FLA. flJR~DA jtlARGE - - .Of• Fbr~~P~erce. F^ V~lF~~D ~ly CpMt~ISSICN EXPIRES OCT..23. 1972 . Fori PiertcC'florida x~~~~O sONDdD TKROV6H saeo W. DIESTELNOR~ j.:s: CI 4 : ~ ~ ; y ' ~ . 66 O~C At~ I I : ,'1,., " ~ ` i/y~ j/ . 1~ :~EFti3~Yn~,trUment Prepared 8y C ~ac 'EF~ First~•Reder~I~Snvings & Loan Associatio of Fort Pierce RK~CIRCUIr' R~~S T COURT Checked By . R. Kaye s ~ r~~ ~nOK~~~ PAC~~~~~ . ~ - ~ c f