The URL can be used to link to this page

Home My WebLink About0231 - ~ • ~`~ti , . To plau aed continuously k~ep on ~M buildinps now a Mr~aftK wtuat~ on said ~and u?d on ~il eq~ipm~nt a++d pKwnilly cov~r~d by this nart~ p~, witA ~11 pr~miums ~h~r~on p~id io fvll, fk~ insvranc~ in the vswl ~a~,dud policy fam, in ~ sum app~owd by tM AAORTGAGEE, ~nd wind~torm inwra~a in 1M vawl i~andard policy fam, in • sv~ approwd by tM MORTGAGEE, in wch compu?Y or ca^P+~ie~ +s ~M 1MORTGAGEE nwy dintt~ aid all fin and winditwm ir?wra~a Pdici~s on ~ny of said buildinp~, ~ny iM~nst tl+u~in or part thereof, in tM a~?sp~t~ wm afaaaid w In ~acea tha~of, ~hall contain tM wwl sundud moNy+~ clws~ a wch ahu dava~ as tM MatpspN maY nVvw~. m+lu^p tM loss ur+dK said poiF ci~s. tad~ and ~vKY. p+Yabl~ b said MORTGAGEE as its iot~reN m~y ~pptat, and eath and ~wry u?ch policy shall bt promptir ~ss:yn~d u+d d~livK~d to any htid by said MORTGAGEE as furthN secvritY ~u said mo?~9+p~ dtbt, ~nd, no~ bu th~o ten (10) d+trs in adv+~ce of the ~xpir~tion of each policy, ro d~- liwt to s~id MORTGAGEE a renew~l tf+sroof, topetMr with + rece~P~ for tM pr~mivm oi wch ronewalt and ther~ sh~tl be no fire w windstwm ir?wr~+c~ plaud on ~ny of s~id bulldinps. u~y interett thereio w p~rt thereof, unleu tn tM fwm ~r+d with tF+~ loss pay~ble u afw~said~ ~nd in tM ~vent any wm of mon~y beco~np payapk such poli~y or policiss siid MORTGAGEE shall haw th~ option to .sceive and apply tl» samt on aaoum of th~ indsbtsd~ Mss setur~d ht~eby a to permit s~id MORTGAGORS to rst~iv~ snd uM It Ot any part thereof fo~ olher purposes, wilhout thereb/ waivi~ig a impair- inp ~ny quiry. lien a ri9hf uMler a by vi?tw of this mort~spet and in 1M ewat s+id MORTGAGORS shall for aey rtsson fsil to keep the said pnmises so i~w~ed. w f~Il b d~liver promptly ~~y of s~id polities of ieawu+t~ to said MORTGAGEE, ot fail promptly to pay f~lly any premium therefw ot in any resp~ct f~il to pafwin, discharps, execut~ tffM, comp~e~e, comph? with snd abide by this tovsnanl, w sny p~r1 hsrwf, ssid MORiGAGEE may pl~ce +~+d p~Y fa such irau~anc~ o~ ~ny put thsreof withovt waivinp w ~ff~cti~p any optia?, INn. equitY. w r'ght under or by virtw of thii Mwtpspe. and tM fvU sma+m of each u?d ~wry wd? p+YmN?t s1++11 be inrnsdiat~ly due ar?d piyabl~ and sh+ll bea? intKest from ths due therROf vntil paid n ths rab ol nin~ p~t o~+tum pe~ anrwm snd togetl+er with wch intaeit sMll be secured by tM li~n of this morty+ya 4. To p~rmit, oommit a wffv no waste, Mnpairment w detsrioration of said properry or sny put the?eof• S. To p+y all uid sirgul~r the costs, cMry~s +nd expenses, including a reason~ble snwn~y i fee and wsn of absn+cts of title, incwred x psid ~1 any Yime by s+id MORTGAGfE. bsc~vss or in th~ event of the failwe on the psN of ti~e said 1NORiGAGOR to duly. promPtly sed fully perform, d'acMr9~ execvte. ~ff~ct. comPleta con+P~Y W~~h and abide by each ~ed every ths stipvkitons, a~reemenn. conditiaw +nd cove~snts of said promissory not~ and ~hw mo~t~ap~ any or atM~, and ss;d coats, durpes arwl expanses. each and every. shall be immediately due and payable: whethe~ w not ther~ be ~otice da mand, sttempl fo oolkcl w wit p~~d7np: and th~ full snwunt of esch and every wch p+Yn?a+t shaU bea. imerest from ~he d~~e th~reof until p~id ~t the rote of nin~ per untum per sn~wm: s~d all said costs, cMrpes and expenses inwrred w paid. together with such intaest, shall b~ secv?ed by ths lien of tha morlpsp~- b. That (a) in the ewnf of aey bresch of this Mortysy~ or default on the psN of the MORTGAGOR. or (b) i~ tM event ~nY of said sums of moaey htrein refs?red to be not promptly and fully paid withirt thirty (30) days r+ext after the same sererally become due and payable, without de~n+nd•or +wtite. or io the ~vent e~ch and tvery tl» stip~lations, ~greemenb, conditions a~d coven+nn of sa~d promiuwy note and this matpape any or eithar a~~ no1 ~uly. promptly and fu~ly performad, d'~sch~r9ed, executed. ~ffected, campteted. compl~ed with ac~d abided by. then in either or any such ewnt the said ap~ gregst~ win mentiaxd In said promisswy note then ramaining unpaid, with interest xuued, sr+d atl moneys secured hersby, shall becaae dw +nd p~Y- able fwthwith, w theraafte~, at tM option of said MORTGAGEE, u f~lly and completely as if all of tt+e said wms of ma~ey vvNe origin+lly stipubted to be •paid on s~cl+ day, anythir+g in said p?omiuory note w i~ this Mortg~ge to the contrsry notwithstandir,g; and thereupo~ or. thereafta st tl~e opian of ssid MORTGAGEE, without notice a dem~nd, wit at law or in equity, thereiws a thereafier begun, may be prosecvted u if all moneys sec~red hereby had marured prar ~o in irnrirution. 7. That in the event that at the be9inniny of w at ~ny time perwling any suit upon tF~is Mor?gage, or to forecloae it, or w refwm it, w to anfwc~ psym:N of any daims hereunder, said MORTGACaEE sh~ll apply to the Court having jurisd"xtion yhereof fo? the appointment of ~ Reteiver, wch Courf sMll Fatk:~tll i~(.101111 i~!ClivN OF said mo.tyaged proPertY all ~nd singular, iocl~dmg all and s~ngvlsr the income, p~ofin, issues and revenues from whatever source derived, esch and every of which, it beiig expressly understood, is hereby mortgsged as if specifically set forth snd dewibed in tFa gr+ntiny and habe~d~m clauses he?eof, u+d s~ch Receiver sMll have all thc broad ~nd effective fvnctions and powen in anywise entrusted by a Court to a Receive?, and such appointma?t shall be made by such CaM es an admined equity and a n+sster of absolute rigM to said MORTGAGEE, ~nd without reference to the sdequ+cy or iewdeqvacy of the val~re of the p?operty mortgaged or to the sowency or inwlvency of said MORiGAGOR w the defer+dar.q, and that such renn, profits, incoms, issues and ravenues sMll be applied ay such Receiver aaord'uep to the 1'~en or equity of said MORTGAGEE u~d the practice of wch Cou~t. . .•f 8. To duly, pr«npdy and iully perform, disclwrge, execute, effed, complete, oomply with snd abide by each and every ths ttipulations, ~greements, cw,d;tior,s:~r,d corenanrs in said promusory nore and this mo.tgage set fwth. j 9. That in the event the ownenhip of the mwtga9ed premises, or amr part tl+ercof, becdmes veshd irr a person other tha~ the MORTGAGOR, th~ MORTGAGEE, its successors snd ass~gns, n+aY. w~tha+t notice to the MORTGAOR, deal with sucfi successor or wccessor in interest with reference ro this mortgape uid the debt 1?ereby setured in the same man~e? as with Mortgsgw without in ~~y way vitiating a discharging ths Mortgsgws' liability here- under or upon the debt hereby secvred. No ssls of tl+e _prem~ses hereby mortgsged and no iwbearance on Ihe pan of ~he NIORTGAGEE w ib svccessors or assigns and no extension of the time fw the payment of the debt hereby secured given by the N10RTGAGE' w its svccessors or assi~ns, shall operate 1o release, discharye, modify charge or affect the o~iginal ~iability of the N10RTGAGOR herein, either in whofe w in part. 10. It is spedfically agreed thst time is of the essence of . this contract and that no waive? of u~y obl'getan hereunder or of ths obli~ation sa- cwed hereby ihall at any time thercaftcr be held to be' a waiver of the terms her.of or of the instrwneM aecured herby. " 11. In addition to the fuego:ng ~nonthly payments of princ:pal srtd interest required by the promiuory noTe secured hereby, mo?tgsgor tovensnts and agrees to pay to mortgagee with each monthly payment an addirional sum eatimated by mortgagee to be equal b 1/12 of the annual cost of the fdlow- ing: ~ - tiF . A-All real property taxes kvied or assessed against the above described real estate. ' B-Premiums o~ fire and windstorm inwrance as herein requaed to be carried on the irteproveme.~ri situate on the above desuibed premises. C-Premivms on such mortgage gwranty insurance as morlgagee shall from time to time deem fif to csrry on the (oan secured hereby. Mortgs9ee shafl from time to time notify mortgagor in writing of the amount due a~d payabk herevnder and such sum shaU thereupon be d~e snd ~ payabk on the d~e date of the next monthly payment and each successive month thereafte~ ur.ti! mortgagee shall notify mortgagor of a cha~ge in wch E amount. Such wms shall be applied by mortgagee toward ihe payment of real property taxes, irourarxe prem:ums, and mortgage guaranty inwranoe ` premiwns. . ~ IN WITNESS WHERfOF, the said MORTGAGOR has hereunto sef his hand and xal the day snd y 'nf aforesaid. ~ ned, Se eli red ' he presence of: ' { , e . s . ~ ~ • ~ n STATE OP ~ ILLINOIS ~ C OOk ~ coutrTY ~ ~f„~ p,,,,,,,iiy Lee R. Nichols .nd Jeanne I~l. Nichols h;, wife, ro~~n k~o~+ .~+a k~r~? ~o m. +o"b. the ind'ividwl~ described in and who ~xecuted the foreyoirg instrwrwM, ar?d acknowleJged befors m~ that tMy e:eeuted the samg, f~ •th~ purpoMs N+erein ucprossed. Arw! the sai-' JBariIIe M. N~Chpl g ~ - wii~ 01 tM taid Lee R Ni -hAls ~P~ +:-!~P~t~ 1~ P~rv+~}' ex~min~tion by ma tske~ sepsrat~ snd spsn from Ixr said husband, acknowl~dged w and befon m~ thst sM eaecuted s+id iostrwnEO1`~i~l~+a~,volwh-,. t~rily and without any computsio~, cantraint, appreh~ns~or f~ar of w from he~ ~id hvsb~nd. ~T, y..~ ' - A , : WIiNESS my h.nd .nd offlasl s~.l rhiL./ ~ d~y of D@C6l~Y 19 j= ~ ~ ~ ' ti ~ " = - ~ / 5 ~ . ary Publk in and for tM StaN " i . . > ~ c~~a~ .x . r / w~ ~ . Retwn Ta FII.ED ANO RECOROED .~~J~ • F~ F.d...~ s.~ a~«+ ~.+«~•t~«+ ST. LUCIE COUNTY. Fl.A. ~ Of Fort P,~.~e. ~ r ~nyp v'c~F~ E D ~ 0 .~.`•I a~a~a~v Eort Pierce. Flwida , •sa o~c 3~ a~ ~Q: 3 . This Instrument Prepared By '~C Fint Federal Savings d~ loan Association Rp,S ' of Fort P~erce .tV"~ CLERK CIRCUtT COURT Checked By J. ~Col l ins 60G~I ~ ~ V PACE . ~ ~ . cf _ , : ~ - ~ ~ . - ~ ~