The URL can be used to link to this page

Home My WebLink About2031 • r , ; ~ ~ . . i 3. To place and continuovsly keep on the buitdinps pow w hereafter ~itvaf~ on sa+d land ~nd on all equipment and personally ctrvercd by this mwt¢ ' +ge, with sil premiv++u ~hereon paid i~ full, fire insurance in the ~sual s~andard poiicy fo~m, en a sum approved by ~he MORiGAGEE, and windstorrr~ insuru?ce in the uiv~f srandard pol;cy form. in a sum ipp+oved by ths MORTGAGEE, in such company or companics as ~he MORTGAGEE msy direttj snd all fi~e and wind~torm insura~te pdicies on sny of said build~nps, any intera~l th~rein or part thereof, i~ the s~grcgate sum afortiaid w in excess Ihe~eof, shall contain the ~sual standard mortgages ctause w svch atha clauss a~ ths Morlpagse may requus, makin~ 11~e los~ under sa~d po16 cies, eath snd every, payable ro said MORTGAGEE ai i1s in~erest may appear, and each and every iuch policy shall be promptly ~ss 9ned and delivered ~o any held by said MORTGAGEE ss funher seturity to said mortgage debt, and, no? leu than ten (10) days in advance oi the expiration of each polity, to da liver to said MORIGAGEE a~enewa! lhereof, toQelher witA a receipt for the premium of :uch re~ewal; and Ihere shall be no f~re or windsto~m iosurance ! p~atecF on ~~y oi said buildirgs, any i~terest therei~ u part thereof, untess in ~he form and with the lou payabk as afweiaid; and in tF~e evant ~ny svm ~ of money becanea payabte u~der such policy or policies uid MORIGAGEE shall have ths opt+on to receive and apply the samo on acco~nt of the iedebted i ness setu?ed hereby w to permit ssid MORTGAGORS to receive and use it w any part thereof 1or othcr purposes, ~vi~hout tA:reb~ waivi~x~ or ~mpair- ing any equity, lien w right u~der a by virtue of this mor!yage;. and in the eve~t wid MORTGAGORS shail for any reason fait to keep Ihe said premius so insured, p fail to delive~ promptly any oi said policies of insurance to said MORTGAGEE, w fail promptly to pay fully any premium therefw p in any respett fail to perform, discharge, execute, efiect, complete, comply with and abide by this covenanl, w any part hereof, said MORTGAGEE may pl~te ~nd pay fo~ such insurance or any part ther~oi without waiving or affecting any option, lien, eqvity, w?ighf unda w by vi~tue of this Morlgage, ~nd the iutl amount of exh and every such payment shall be immediatety due and payable and shall bear interest irom the date thereof unti) paid at ths rat~ 04 nine pe~ cent~m per annum and to~ether with such interest shall be secured by tha tien of ~his matgage. 1. To permit, commit or suffer m watte, impairment p deteraration of said properry or any part fhereof. ~ 5. To pay afl and singular the <osts, charges and ezpenses, including a reasonabla anorney's fee and cos~s of abstracts of title, incurred or paid at any time by said MORTGAGfE, betause w io the event of the failure on the part of the said MORiGAGOR to duly, promptly and fully pe?fam, discha~ge, ezecute, e(fect, comptere, comply with and ab:de by each ~nd every the stipula~ions, agreements, conditions, and covenanrs of said p~omissory note and tbi~ ! mo~tgage any oi either, and sa~d costs, chsrges and expenses, esch and every, shall be immediately due and payabie; whether or not there be notice de, mand, attempt to collett or suit pe~ding; and the full amount of each and e~ery s~ch payment ahall bear interesl from tha date thereof untit paid at 1he rare o! nine per ce~tum per an~ium; and afl said coses, tha~gea a~d expenses incurred or paid, togelher with such interest, shall be secu~ed by the lien of this mort~age. 6. That (a) in the event of any breach of this Mortgage or de(avll on the part of the MORTGAGOR, or (b) in the event any of sa~d svms of nwney herein referred to be not promptly and futly paid w;thin thirty (30) days next after the same severafly become due and payable, wi~hout dema~d o? notice. or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa~d promiuory note and th~s mwtgage any w either are not ~uly, promptly and fully performed, d:scharged, eaecuted, effected, completed, compl~ed with and abided by, then in eirher or any such event ihe said ag gregate svm meMioned ;n 3aid promisso?y note then remaini~g unpa~d, with interest accrued, and a11 mo~eys secured he~eby, ahall become due and pay~ abie forthwith, or thereafter, at the option of said MORTGAGEE, as f~lly and completely as ii all oi ~he said sums of money we~e wiginally stiputated to be pa;d on such day, anything in sa:d promissory note or +n this Alortgage to fhe contrary nofwithstanding; and thereupon w tF~e~eaftet at the option of said MORTGAGEE, without notice w demand, suit at law or in equity, therefwe a thereafter begun, may be prosecuted as if sll morKys secured heteby had matured pnw to its institution. 7. That in. the event that at the begi~nirg of or at any time pending a~y suit upon this Mortgage, or to foreclw_e it, or to roform it a to enfwce payment of a~y daims hereunder, wid MORTGAGEE shall apply to the Cou~ having jurisd~ction the~eof for the appointmenl of a Receiver, such Court ihal) forthwith appoint a ~eceiver of said mortgaged prope~ty all and sir?guia?, includ~ng all and singular the irtcome, pro~its, issues and revenues fram whafever sovrce de?ived, each and every of whish, it being expressly understood, ia hereby mortgaged as if apetifitalty set forth and destribed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and eifective funct~ons a~d powers in anywi:e entrusted by a Cou?t to a Receiver, and wch appointment shatl be made by such Court as an admitted equity and a matter of absolute righl to said MORiGAGEE, and withoW refertnte 10 1he adequacy o~ inadequacy of ~he value of the property rtwrtgaqed or to the soivency or irnolvency of said MORiGAGOR w the deiendants, and that such rents, profits, incane, issues and revenues shal! be applied by such Receiver accord~ng to the lien w equity oi said MORTGAGEE and the practice of such CovA. 8. To duty, promptly and fully perform, discharge, eaecute, effect, complete, comply with and abide by each and every the stipulatiwu, sgreemenq, i cw~ditions and covenants in sa~d promissory note and this mortgage set fwth. 9. That in the eveM the ownership of the mortgaged premises, w any parf thereort, becomes vested in s penon othe~ ihsn tht MORiGAGOR, ths MORTGAGEE, its successws and assigns, may, witFwut notice to the MORTGAOR, deal with such successw p successw in interest wifh reference to this ~ortgage and the debt hereby secu~ed in the same manner as with Mortgagor without in any way vitiating or diuhargiry the Mortgagors' liability here- under a upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no fo~bearance on the pait of the MORTGAGEE or its suttessws or assigns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGE' or its succeuors w auigns, ahall operate ro release, diuharge, modify change or affect the original (iab~t~ty of the AM1ORiGAGOR herein, either in whole or in parf, 10. It is spec~ficatly agreed that time is of the essence of this contract and that no wa+ver of any obligatiar he~eunder a of fhe obligalion se•~ tured hereby shall at any tir.~e thereafter be held to be a waiver of the terms hereof w of the instrw.nent secured herby. Tf+{ - d~tio~ to the forego:ng mo~thly payments of prirx'pat and interest required by the promissory nole setured hereby, mort a s and ag~ees to pay to ee with each monihly paycnent an add~rionat sum estimated by mortgagee to be equai to 1 1 ua cost of the follow- i~: - A-All real property taxes le.~ed or assessed aga~~ described real est B-Premiu:ns on fire and windstorm insurance as herein requ;red to he improveme:+ts situate on the above described ptemis~s. C-Premiums on such mwtgage guaranty insurance a gee sfwtl from time to time an the ban secured hereby. Mortgagee sha?! irom time to time n' r gagor in w?it;ng of fhe amount due and payable hereunder and su all thereupw~ be due and payable o~ the due oate of monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor e in such amount. Such be appfied by mortgagee toward the payment of rea! property taxes, insvrance prem:ums, and mortgage guaraniy ~ e WITNESS WH ' , the wid MORTGAGOR has hereunto set his hand and seal the day and year first atoresaid. ,~Syi~ and live in the.pr e oi: _ ~i~~~ - n +4 ~ ~ ~ STATE OF FLORIDA • 7 ST . LUC IB ~ u- ~ counmr oF James J. Rea an ~ Befote me personally appedred 9 a~ _ Marie J. Reagan his wife, to me well tcnown and known to me to be the individuals desnibed in and who executed the fwegoing instrument, and acknowledged before me that they exec~ted the sart~e ~{w ~ fhg, purposes therein ~xa~,ed, a~a Marie J. Reagan r. , James J. Rea an v• wife of the said 9 upori~a.sep~rate i~~rivite ; examinatiw~ by me taken separate and apart from her said F~usband, acknowledged to and before me that she executed said i6t~ruhxr?j.~ilefy ~nd volJyn~ rarily ard wifhovt any compulsion, co~straint, apprehens; a fear of or from F?er said husband. : Wt7NE55 my hand and official seal this r~ day of February A;'p~t-~ ~:'b9_ ~ ~ ~~-C%r.c/IR/U~- ~ ~ ~ ~ry% ~ ~ - Notary Public in and for the Stete~of Plorida at b~q~ F!l.ED AND RECOR~~"~m;ss~°° expires: /j ~ f--`5~.,.~ •t, ~ Return Toc ' !f t ~ F'n' Fede"~ Sa°'"9' ~ ~°a" ^u°da,~°^ ST. LUCIE COUNTY, FLA~. . ` . ~ c% ` . Of Fort Pierce. R~:fv(~{?f~ ~~~RIFIE_D " . fort Pierce, florida w ' ~ _ ~ • v~j ii '69 fE8 1 ~~58 This Instrument Prepared By i~ First Federal Savings & Loan Association of Fort Pierce RQvER ~OITRAS CLERK CIRCUtT COURT? Checked ey John k*, Col2ins aooK~75 ~~f2028 ~ - _ ~ ~ . ~ ~~o~~ ~a z~~~ . ~s~~.. , - _ v . _ rv ~ ~