The URL can be used to link to this page

Home My WebLink About0628 ~ + i ~ To plaoe ud continuo~sly kcep on 1t?~ buildinps now or I+~reaftN ~twt~ on ssid la~d a~d on all puipment ar?d p~nonally covered by this mort¢ ~ ~y~, with all premiums ther~on pa+d ie fuli, fire ins~asv~ in th~ vsual s~u~da~d policy form, in a sum app.oved 6y tM MORTGAGEE. and windstam insur+na tn tl+~ ~nwl ~~a~dard pot~cy iam, in a sum ~pp~oved by the AhORTGAGtE, in such 'company or canP+~ia a~ tM MORTGAGEE m~y dinttt ~nd sll ik~ and wiedstorm insurano~ policies on any of said buiW~oys. any i~tenst tharein or pan ti+e~aof, M tM +~reyate sum afa~s~id o~ In ~xceu thenof, ih+ll contsin tM utwl stu~dsrd mortga9e~ ciause or ivch other ctavs~ as 1M Mort9age~ may ~equ~r~, makinp the loss under sa~d po~4 ci~s, tach ~nd ~very, payabl~ ro uid MORIGA(iEE ~s ib interest may appeu, and each and every auch policy thall be promptly ass:yned aod deliv~red to ~ny Mld by s+id MORTGAGEE u turther securiry to iaid .nortysye debt, and, not tess th~n ten (10) days in advancs of 1he expNaYan ol e+ch poliq, to da IivN to taid MORTGAGEE • re~ewal theteof, topetha 1Ni~h a receipt fw the premium of s~ch re~ewal; and then shall ba no fir~ a wii?dsto~m inwranc~ plapd on any of said bvildinps. any ioterest tht~e~n w p••t th~reof. unleu in the fwm a~d wi~A tFK toss psyabk as aforesaidr and 1~ the evant ~~y wm of rewn~y becanes p+yaWe undsr such policy ar polides aaid MORTGAGEE shall have tAe option to recaive a~d apply the same on acco~nt of the ind~bted- n~u secured Fw~eby w b pxmit said MORTGAGORS to receive and ust it w any part thereof fo~ other purposes, withoul th:~eb~ waivi,y or ~mpair- inp any puity, li~n w ripht under or by virtus of this mo:tgg;s; and in ths event sa~d MORTGAGORS s~wll for a~y reason iail to keep 1he said p?emises so inwnd, or fail to delivar promptly sny of said policies of insutanc~ to said MORTGAGEE, a fail promptty to pay fully any prcmium tharefw a i~ ~ny r~spat f~il lo p~rfwm, dixhar~e, exacute, effed, complets, comply with uid abide by this covenant, or a~y part hereof, said MORTGAGEE may plac~ and paY (a wch kawano~ w any pa?t thereof without waiving a affectirg a~y option. lien, equlty, or right under w by virtw of this Mortya9e. ~nd tht ful! art~o~m of ~ad~ snd fvNy iVCIf p~yllfeM sINII bQ immediately due and payable and shafl bea~ in!crest from ths date thereof ~ntil paid ~1 tM rats o1 nine p~r ceMwn pu ~nrwm and togNher with tuch i~terest shall be secured by the 1'~en of this mort~sge. 4. To pKmh, ca~urdt or suffK no waste, impairment or dcter'roration of iaid property w~ny part thereof• S. To p~y ~II ax! sinpulu the cosh, ciwpes snd exE%enses. inctud7^q ~ reaso~able ~ttorney's fee and costs of sbst~ad: of title, Incurred a psid +t any Y~me by said MORTGAGEE, because o~ in the eveM of the failure on the part of the said MORTGAGOR to duly, promptly u~d fully perform, d~scF?ar9R execvt~. ~ff~d. compkt~. oomply with sod ab~de by each and every the stipvlations, agreemenn. conditia» and covenann of said promissory r+ote and thii mortyp~ aMr w eitha. and sa~d costs, ch+ryes and expenses. each and eve?y. sF~ll be immediatety due and payable: whether a~wt there be notice ds~ msnd, attempt to colkct w wit pendiogt ae~d the full art~ount of each and every svth payment shall bear imerest from the date thercof until p~id at the rare of nine per ce~tum per arowm; and all said costs, charges and expe~xs incvrred or paid, together wdh such intareit, ihall b~ sec~red by the lien of tha mor~9~• 6. That (a? in the ~vaN of ~ny breach of this Mwtgsge or default on the part of the MORTGAGOR, or (b) in the evem any of satd svms of nan~y herein f~ferred to bs not promptly and tully paid within thirty (30) days next after ~he same :everalty become due and payabk, without demand or r?otice, or W in the event each snd every the stiputations, agraements, conditwns and covenants of sa~d promissory no~e and th~s mortgage any or either are not ~uty, promptly and fully performad, d~xharged, execvted, effected, completed, compl~ed with and abided by, tlan in either or any such event the s~id p~ pregat~ wm mentioned in said promissory note then remaining unpaid, with intc?est acuued, a~d all moneys secured hereby, shalt betome dw ar~d pay- abte feAhwith, w therasfter, at the optia+ of said MORTGAGEE, as fulfy and compktely as if ell of the said wms of money were wpinally stipulated to be paid on such day, anyth'ing in said promiuory note or in this Mortgaqe to the co~trary notwithstarwing; and thereupon o? ~hereafter ~t the optio~ of said MORTGAGEE, without notice w demand, wit at Iaw or in equity, therefore or thereaiter beg~n, may be prosecuted u if ~II mo~eys ;ecvred hereby had matwed pr'wr to its iestitution. 7. That in tha event th~t at the beginning of or a! any time pending any svit vpon this Mo?tgage, a ro fweclose it, w ro reform it, w to enfwo~ payment of u~y daims hereunder, ssid MORTGAGEE shall apply ro the Court having jurisdiction thereof fw the appointmeM of a Rsteiver, such Ca?H shall iwthwiM eppoiM a receiver of said mortgaged p?oQertY all and singular, inctud~ng all and singular the income, pro(its, iasues and revenues from whatever so~rce derived, each and every of which, it being expreuly undersrood, is hereby morrgaged as if specifically set fath and dexribed in the granting and habendwn tlavses hereof, and such Receiver shall have ali the broad and effective funct~ons and powers in anywiu entrusted by a Cou~t fo ~ Receiver, and tuch eppointment shall be msde by such Caxt as an admitted eq~ity a~d a maner of absolute r'~ght to said MORTGAGEE, ~+d without reference ro ths adrquaty or insdeqwcy of the wlue of the property na?tgaged or to the sotve~cy or insolvency of said MbRTalK30R w the defendants, and that iuch ronts, ptofits, inton+e, iss~es ~nd revenues shall be applErd by such Receiver according to 1he lien or equity of said MORTGAGEE and the p?adite of such CouA. 8. To duly, promptly snd fully perform, dixharge, execute, eifect, comp~ete, comply with snd'abide by each and every ihe stipulatian, agreemenn, conditaro and cover~ts in said promissory rate and this mw~gage set forth_ 9. Thaf in the event the ownership of the mortgaged premixs, or any part Thereof, becomes vested in a pcrson other fhsn the MORTGAGOR, fhe MORTGAGEE, Hs successors snd augns, may, without notice to the MORTGAOR, deal with such succeuor or successor in interest with reference to thia mortga9e and the deW hereby secured in the ssme manner as with Mbrtgagor without in any way vitiating or dischsrging the Mwtgagors' li~bility here- under or opon the debt hereby secured. No ssle of the premises hereby mortgaged and no fabearance on the part of the MORiGAGEE or its suctessors or +uigro and no exteruion of the time fw the paymeM of the debt hereby secured given by the MORTGAGEE a its succeuors w suigm, sfiall operate to rekase, discharpe, malify change or affect the orginal liability of fhe MORTGAGOR l+erein, eitlxr in whok or in part. 10. It is ~ficall ?eed that time is of tFro essence of this contract and that r?o waiver of any obligation hereunder or of the obligaYan st t ~ Y a9 cured hereby shalf at ~ny time thertafter be held ro be a waiver of the terms hereof o? of the instrument sec~~ed herby. ~ 1~ addition to the forego:ng monthly payments of princ'pal and interest ~equired by the promissory nore secured here~ agor covenan and sgrees to mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 annual cost of the follow- ing: A-All real property taxes levied or asses the above deuribed real estat B-Premiums on fire ~nd windstorm insurance as herein ~ u' on the improvemenri situate on the above destribtd premius. C-Premivms on such mortgage guaranty i s mortgagee shall from time to ~ fit to carry on the loan setured hereby. j Mortgagee shall from time notify mortgagor in writing of the amount due and payable hereu wm shall thereupon be due and ' payable on the d t e next monthly payment and each svccessive month thereafter ur.til mortqagee shall notify mor g a e in such ! a wms shall be applied by mo?tgagee toward the payment of real property taxes, insurante prem~ums, snd mortgage gwra~ty ~ nte ~ iwns. ~ tN WITNE55 WHEREOF, the ssid MORTGAGOR has hereunto set his hand and seal the day and ar t aiwesaid. Signed, kd and delive? in ese~ce of: ~ ~ ~ ~q ~ ~ ~n ~ ~ n„~ ~ ~-n ~ STATE OF FLORIDA L[TCIB ~ 55. courmr oF e~f«~ ~e.~o~.uy ~ppe~.~a. Jack C. Modine ,,,d /~ID N. MOd I1e ha wife, to me well known and known to me to M :he individwb described in and who e:ecuted the fweg ' instrument, arK! acknowledyed before me that they executed the same for ti+e purposes therein ~xp~essed. Md the sa' ~n~i. Modine i w i f~ o f t M s a i d •J~'C C• lI1@ ~ p o n • s e p irafe and p riv~b ; exam'w?ation by me taken sep+rate snd apart from her ssid husbsnd, adcrawledged b and befwe me that she exet~ted ssid instrument fteely ud volvo- tarily and withaA any coe~wi~ion, cautr~int, sppreher+sion, w esr of or from her said husb~nd. ~ F zuar 69 r wnn~as• ~"~~d~, oH+~,i u.~ d.r or A D. 19 A , r 1 ~~I F `1~ ` ' ••~~~~~~~~•,~,~~'r _ J\ ~ i ~,r ii : REC~ ' ary Public in u+d ~w the ~1ai~ of Fbrida at lup~ : = ~ ~ ~ ~ ~~~~-j,: , = . RILE~ AN COVNTYe ~ ~~OrtlTifliOfl lXPitlf: ~ ~ : s~ ; _ SY: ~UCIE ~ ~ p F'~r ;~,~,!"s.~"°`' to~"t a°`~a;o,~ ~ r ~ 0 i~ U~~~~~ ~Nry 11~. St~{t ~f iiorii~ at t~rM ~ ~ f~~~ar;'~ • 1.'75 :~ly Mc.~ ~d'",~..~.~:~:..,~ ~ F~?;~- • 29 , . _ pM t2 ~ : ~ . ~ ~ ~ • . ~ - . - ~S9 . r • , ti•' ~,d, ~ This Instrument Prepared By :~Q y~-_~ ~:p1ZR S First Fedenl Savings b loan Association RK C~RCUIT COURT ' of Fort Pierce ClE . ~h~~ By John W. Collins ~K s~s ~ sz~ ~ ~ ,_t, ~ ~,N ~ ;,nyy - ~ v:-= - =r ~ v~ r ~ _ z-i~:. _ ° S~ _ ~7,9«-. - . t . ~~+.L.N, . _ ~ .