The URL can be used to link to this page

Home My WebLink About2162 . , , ~ r . ~ . . . 3. To plac~ and continuously k~ep on tFw buildinps oow w hN~sftK siw~t~ on said land a~d on all equipment ~nd penon+l:y covaed by thia n+a~ •g~, with all premi~ms ~hereon ps~d in fuil, fire ins~r~ncs in the usu~{ standard policy fwm, In a~um approved by the MORTGAGEE. +nd wi~~wm insur~nc~ in ~hs uswl t~andard policy form, in ~ ium approved by ~he 1NORTGAGEE, in such compa~y or con+P+n~es as ~he MORTGAGEE may directt and all fire and winds~orm iniuru?cs policies on ~nY of said build~nps, any interest therei~ w part ?hereof, in the agyrey+te wm afwtiaid a~ In excess Ihereof, ihall ca+tain the uswl standard mwtgayae cla~se or such o~he~ clauss as tM Mortyagse may ~equi~o, makinp the bs~ under sad polb cies, esch and eve~y, paya5le to sa~d MORTGAGEE as its i~te~eit may appear, and each and ev~ry such policy shall be promptly au:gned +nd de~lve*ed to •ny heW by said MORTGAGEE as fu?ther setu~ity to said mwtgage deb1, ~nd, ~ot leu than ten (10) days in adva~xe of the expir~tion of cach policy, to da liver to said MORTGAGEE a renewal thereof, lope~her with a receipt for the premivm of such re~ewal; and thcre thsll be no fi~e w windstorm inwr~nce pl~ced on ~ny of asid buildings, any interesl therein w part thereo(, u~teu i~ the form and wi~h th~ lou payable a: aiwesaid; and in tl+e eve~t any sun+ of ma~ey becomes payable under such policy a policas s+~d MORTGAGEE shall have 1he optan to receive and apply 1he same oe account of the indebted neu setured hereby or w p~rmit said MORTGAGORS fo reCeive ~nd use if w any part thereof for othcr pu~poses, without thsreb~ waivi=~g w ~mpair- ing any equity, lien or right u~d~.v w by virtue of this morsga9e; and in the evcnt wid MORTGAGORS shall fw any reaso~ fail to keep the said premises so insured, or fail to deliver promptly sny of said polKies of insurance to said MORTGAGEE, w fail promptly to pay fully a~y premium therefw or in ~ny respect fail b perform, diuharge, execute, eifect, complets. comply with a~+d abide by this mvenant, or ~ny part hereof, said MORTGAGEE may plate ~nd pay Fw :uch G~surante w ~ny part thtreof without waiving or aFfetting any option, lien, eq~ity, or right under w by virtue of this Mort~s~s, ~nd tht fuil artw~?nt of each and every such payment shall be immediately dve and payable and ihall txar interes~ irom ths date thereof u~~il paid at tM r~t~ ol nine pet tt~tum per annum and to~ether with suth interest sF?a~l 4~secured by the lien of this mortgage. 1. To pxmit, commit w suffer ra waste, impairment or dNer'aration of said p~operry w a~y psN thereof. 5. To pay all and s~ngulsr the costs, charges and expanses, inctvding a reasonable ~ttaney`s fee and costs of abstracts of titls, irxurred a paid ~t any time by said MORTGAGEE, because or in ihe eveM of the failure on tF:e part of the said MORTGACaOR to duly, promptly snd fully periorm, discharg~ execute, effett, complete, comply with and ab+de by each and every the stipulat~ons, agreements, conditions, and covenants of said promissory nate +nd this matgage any w e~ther, and uid costs, chuges and expenses, each a~d every, shall be immediately due and payable; whethe? q not there be notice da mand, atttmpf fo CoI1Kt O~ suit pend~ng; ~nd the full amounf of each and every such paymem shall bear interest from the date thereof u~til p~id al the rate of nine per centum per annum; aod all said costs, chargts and expenses incvrred or paid, together w~th such i~terest, t1?all be secured by the lien of thi~ ^wr~~e• • b. Th~t (a) in ihe event of any breach of this 1Nortgage w defa~lt on the part of rhe MORTGAGOR, or (b) in the event any of ssid wms of money he~ein referred to be not promptly and fully paid wi~hin thi::y (30) days next after the same severatty become due and payable, without demand w ~otice, or In the event each snd evcry the stipulations, agreemeMS, conditions a~d covenanb o} sa:d promissory note and th~s mortgage any w eithet are nof ~ ~uly, prompfly and fully performed, diuhnrged, executed, effected, completed, complied with and abided Sy, then in either or any such event li+e said a¢ gregate wm menYaned in aaid p?omissory note then remai~ing u~paid, with interest accrued, and all moneys secured hereby, shall becwne due ard psy- able forthwith, w thereafter, at the option of said MORTGAGEE, as i~lly and completely as ii all of the said wms of mooey were agioally stipulated ro be paid on such day, anything io said promissory note w in this Mortgage to the tororaryr notwithstanding; and thereupon or tlxreafte? st the option of said MORTGAGEE, witFw~t notice o~ demand, suit at law or in equiy, therefae ot thereaher begun, may be prosecuted as if all moneys secured hereby had matured pnor to its irutitution. 7. ihat in the event tMt at the beginning of o? at a~~y time pe~ding any wit upon this Mortgage, or to foreclose U, or to refwm it, w to enforte payment of any claims hereunde?, uid MORTGACaEE shall apply to the Court having jurisd~ction thereof for the appointment of a Receiver, such Cou?t shalt forthwith appoint a receiver of said mwtgaged property all and singular, includmg atl and aingular the incoma, prolits, isa~es and revenues from whafever wurce derived, each and every of which, it being expreuly understood, is hereby mortgaged as if specifically set forth and dexrihed in the g?anting and habendum clauses hereof, and s~ch Receiver shall hsve all the broad and effective functions and powers in anywise entrusted by a Co~?t to a Receiver, and such appointment shall be made by wch Courf as an admitted equity and a matter of absolute ~ight to said MORTGAGEE, and vuithout reference t0 fhe adeqvacy or irwdequacy of the vatue oi the p~operty mortgaged or to the sotvency or ~nsolvency of said MORiGRGOR or the defendann, and that such renes, profits, i~come, issues and revenues shall be applied by such Receiver according to the lien w equify of said MORTCaAGEE and Ihe practice of such Courf. S. To duly, promptly and fully perform, diuharge, execute, effect, mmplete, comply with and abide by each and every the stipulations, agreenxn», conditions and covensnts in said promissory note and this mortgsge set fwth. 9. Thst in the event the owrxrship of the mortgaged premises, w any part fhereof, becomes vesred in a person othe~ ihan the MORTGAGOR, fM MORTGACaEE, ifs successws and assigns, may, without notite to the MORTGAOR, deal with such successor or successor in interest with ~eference to this mortgage and 1hc debt hereby secured in the same manner as with Mortgsgw without in any way vitiating w disthargin~ the Mortgagors' Iiability here~ under or upon the debt hereby secured. Mo sale of the Fremises hereby mortgaged and ~o fwbearance on the p+A of the MORiGAGEE w its successws or auigns and no extens~on of the time ior the payment of the debt hereby secured given by the MORTGAGE~ or its successws or assigru, shall operate to releax, d~xharge, modify change or affect the wiginal liab~lity of ~he MORTGAGOR hcrein, either in whole w in part. 10. If is specifically agreed that time is of fhe essence of this contract and that no waiver of any obligation hereunder w of fhe obligaY cured hereby shall at any time thereafter be held to be a waiver of the terms Ixreof w of the instrument sec~red herby. n add~tion to the forego:ng monthly payments of p?irx'pal and interest required by the ' e setured hereby, mortgagor covenants and agrees to a ee with each monthly payrnent an addirional sum estimated agee to be equal to 1~12 of the annual cost of the follow- ing: - A-AII real property taxes levied or assessed again ve e es~ate. B-Premiums on fire and windstorm ins as herein rcqu~red to be carried on the imp zituate on the above desvibed premises. C-Premiums on such mort uaranty insurance as mortgagee shall from time to time deem fit to carry secured hereby. ' Mortgagee shall time to ti:ne notify mortgagor in writing of the amount due and payable hereu~der and such sum sha be dve and ; Fayable on the oate of 1he next monthly payment and each successive monih thereafter urtil mortgagee shall notify mortgagor of a change j amount. sums sF.all be applied by mortgagee toward the payment of real properiy taxes, insurarxe prem:ums, and mortgage guaranty inwrance ~ pr mS. IN WITNE55 WHEREOf. the said MORTGAGOR hss hereunto set his hand and seal the da and year first fore ' ~ Sig . Ses ed and liver i the presente of: e ~ f ~q ~ n 0 STATE Of FLORIDA ~ ~ St. Lucie ~ COUNTY OF Before me perso~ally appeared ,j(~n R i nnn and ` Rose Ann Lona his wife, ro me well known and known to me to be the individwb described io ~nd who executed the fweyoing instrvment, and acknowledged befwe me that they executed the same for the purposes rherein e:p?essed; And the ~~J ~ Rose Ann Long .IOhri R. LOrig o • rate and vate wife of ~1~'~seid- •.;~I•,,~ P«+ s~P+ Pry examiral'w~1~QK~s~fteT rate and apaA from Ixr ssid husbsnd, acknowledged to and befwe me that she exetuted said instrumeM freely a~d volun- ~ tarily~'~v?illiout an~/e i~~llfon, constraim, apprehe ion, fesr of or from her said husband. ~ `~yY~?N~rer~'haXd'apd ofEicial ieal thi day of A. D. 19.~_ , ~ ~ :,is~ = ~ ~ : t! Nots Publ~c in and ior the Stat~ of Florid~ at lups ~ ~ P ~ ti G ~ : ~ j ; My Commiuion expires: " U 3~.n?.~ td; : . ~ : ~ N.hn t~ii~c: sVa of Raid~ ~t ta~e ~ 4 F~rai~R~e~r~..s.v~ng': ~,``~in /?..o~~at~on n , m~ ~M (,~j~~ Exp~s 23. 1969 ' Of; for~s ~erce. RFC~tVEQ E°'~ IN PA':1.1EP~T OF T~.. ~""i°"' a Gwdr G_ ~ ~''Fb~t~~leitb, flwida D:.E Ok CLA$$ ~?{Tq~{,~,!BLE PE"~~'~i~L P!tOPERnr'RIlEO AND RECORDED ~ PLf.s~Nr: ro cE;~r.-e Z~~~i, R~;; oF ls~i. $T. LUCIE COUNTY. FLIC ~ CCG-R PGI+i.AS, Clerf~ Grcuit Ccurt Rr Cnr~.D VERIFtEO 1 ' ~ as A~er.t for CFfilEl P1. KNaWIES, JR ~ 1'?'4664 ~ This ~Instrument Prepared By ~ First Federsl Savings b laan AssociationSt lu~ie Cou:.ry rax Coilect~ ~ ~ i of Fort Pierce . 69 FEB ~ ~ Zs = _ By c ~ Checked By J. C ha ~ ta1 *t DEPIlIIf ClFRK ~ ar~ ! ~cO~E~ r 017RAS ~ ~ 8001(~~~ PAGE~i~~t7 CLERK CIRCUIT COURT ; f~- ~ { I ~ ~ : , ; _ =..s _ - _ - ~ _ . : :~._,.~L~,sa