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Home My WebLink About0583 ~ - . • i. ~ ~ ~ 1 S. To place and contimiowly ke~p on tM buitdlnps now a Mr~afia ~Itw» on said land ~nd on all equipm~nt u~d p~nonaly cov~r~d by ~h?s mortp~ ~y~. w~th ~II p~mivms the~~on p~~d in fvll, fin insw~nu in the vsuat ~unda.d pol~cy forn?, in a svm approwd by the MORTGAGEE, and wind~tam ~rowsnn in ~hs viwl itandard polcc~r fam, tn • wm approwd by ~M MORTGAGEE, in urch company a comWni~s a~ t?w MORTGAGEE n++y d1~~ctt ~nd all fir~ and windstonn inwrana policies on +ny of taid buiMinp~, ~ny inttr~~t tl~tin or p~~t Ihsrwt, in tM a~yrep~t~ swn ~fonsaid a In ucuss tMr~of, ahall ca+~ain tM viwl standard morr~a~ claus~ w wch o~F~ cl~vs~ u th~ Mwtpa~ee may ~~qu'u~. m~kinp tM loss u~d~+ said poli~ c~.s, esch •nd ~very. p.rab~e a said MORTGAGEE ~s in i~~ereu m~y ~pp.ar. .nd each and •very •uch poiKy .?uu be PromP~iy ~u:pned and d.~~..~d ro ~ny held by said MORTGAGEE as furrhe. security to iaid morty+~ debt, sod, no~ kss tMn ten (10) days in advance of tM ~xpirar~an of e~ch policy, ro d~ liver ro s~id MORTGAGEE ~ renewal thenof, fop~~l?K with a receipt fw tM pr~miwn of such renewal1 and then shall be no f~n w windstam i~wr+nc~ placed on ~oy of aid buitdings, sny inte~est thK~u? or pa~t tMreof. unleu in the form and with Ihe loss payablt a afw~saidj and in th~ ~veet aey swn of nw~ey become~ paYabb undK such pelicy or polici~s said MORTGAGEE shall haw ths opfion to receivs and spply the s+m~ on accou~t of th~ ind~bted~ ne~s yetu~~d Mteby w b permit said MORTGAGORS to ?eoeiw ~nd us~ h or any part thereof for othcr purposes, without thereb~ waivi~ig w wnpair inp any equity, lien w right u~der or by virtw of this mort~syet +nd in tM wenl said MORT('sAGORS shall for aMr reason fail to ke~p the aaid pr~mises w insured, w f~il ro deliwr promptly any of s+id policies of inswancs lo taid MORTGAGEE, or fail promptly lo pay fully any premivm therefw a in any r~ipect fail w perform, discha.~e, ~xecute, tffsct, compkt~, comply with and abid~ by this covenant, or any pa?t hNeof, said MORTGAGEE m+y pl~ and pay for s~ch insu~anc~ or any put theraof withoW w+ivinp p ~ffecllnp any oplia~, lien, equ~ty, w r'~ght under w by virfw of this Mor19+~e, and 1M full amount of ~ach and ~very such peym~nt ~II b~ imrnedi+tely dw end payabN ~nd iF~all bear interett from tM date thereof ~ntil paid at tM ~aq ot nine per cemtum pa snnum anci ro~ethcr with iuch inrerest shal{ be ucured by tM lien of this mo.t9sQ~. ~ To p~m+it, commit or suff~r no wut~ impairment or dsteriw~tan of said property or ~ny p~rt thereof. S. To pay all snd dn~ular tM costs, cMrges ~r+d exp~nses, includinq s reasonable attwney i fee and costs of sbitracts of title, incurred a p+id ~t any t~me by aid MORTGAGfE, b~c+use w b the tvent of the failure o~ Ih~ put of tM uid MORTGAGOR ro dufy, promptiy and f~lly perform, d~scha~gR . axecut~, eff~d, comptete, comply with and ab~de by each ar+d every the stip~latio~s, ~greements, conditions, and covenants of ssid promissory note and thN f mortg~p~ any o~ ei~he+, a~+d sa~d costf. chuyes and expenses, each and every, ah~ll be immed~atety due and payabte; whether or not there be eatice dr mand, ~ttampt ro colkct or wit paxl+ng; N+d th~ full ~navM of cach end wery :vch payme~t shall bear interes~ (rom tla ~Ste thereof until p~id at the rate of nine per cent~m per annum; and atl said oosts, d~arges and expenses incwred or paid, together with suth imerest, shall be secured by tht (iet~ of thit mwtpa~. ' 6, lk~t (a) In the ~veM of any breach of this Mwtysge w defsult on the part of the MORTGAGOR, o? (b) io ths eve+N +nY of ss~d sums of ma~ey herein referred to be ~ot prompNy sod fully paid within th~rty (30) days next after the same seve~ally become due and payable, withoul demand o~ no~ice, or M the evcM each and every the stipulations, ~grecmentti conditions ~nd coven+MS oI sa~d promissory nofe and thii mwtga9e any or either an nd iuy, prompNy and fully perfwmed, d~scharged, eaecuted, effected, compteted, compl~ed with and ab~ded by, then in e~ther w sny such went tM said ag grega» svm meM'aned in said promiuory note lhen ranaining unpaid. with iNerest accrued. and all moneys setured heteby. sh~ll betorr~e dw and p~y~ ebte forthwith, a theresfter, at the option of said MORTGAGEE, as fully and completely as if all of ~he said sums of money were wiginally stipulated to be paid on svch day, anything in sa:d p?omiuory note w in this Mortgage to the conrrary notwithstanding; and thereupa+ or thereafter at the op~ion of said MORTGAGEE, w~thout notice w demand, wit at law or in equity, therefae or thereafter begun, may be prosecuted as if all moneys setvred hsreby had matwld pnOr to its inttitution. 7. That in tF?e evcnt that at the begiro+irg of w d any time pending any wit upon this Mortgsge, or to fo.eclose it, or to rcform it, w to enfwoe payment of any claims he~eunder, said MORTGAGEE shall ~pply to the Court havi~ jurisdiction thereof for the appointme~t of a Receiver, such Cowt shall forthwith sppoint a receiver of ~aid mortg~ged prooerfy all and singvlar, includ~ng all arsd singulu fhe income, profits, issues and revenues from whatevet wurce derived, eath and every of whith, it beirg expreuly u~derstood, is hereby mort9aged as if spetifically set iwth and desaibed in the gra~tiny and habendum clavses hereof, and such Receiver shall have ~II the broad a~d effective funct~ons a~d powers in anywise entrusted by a Court to a Receiver, ~nd :uch appointment shal~ be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without refere~ce to fhe adequxy a inadequacy of the value of the property mwtgaged or to the sofvency or insolvency of said MORTGAGOR a the defendann, and that such rents, profin, income, issues and reve~ues shall be appfied by such Receiver according to the lien or eqvity of said MORTGAGfE and the practica of such ~ Court. 8. To dut , om tl and full fom~, dischar eaecute, effM, lete, com 1 with snd abide each and ev the sti lations, agreernenb, ~ Y W P Y Y P~ 9~. ~~~^P P Y bY ~Y P~ conditions and covenanta in sa~d promissory note and this mortgage set forth. 9. That in the event the owncrship of the mwtgaged premises, a any part thereof, becomes vested in a perwn other thsn the MORTGAGOR, tM ~ MORTGAGEE, its successors snd suigns, msy, without notice to the MORTGAOR, deal with such successor or successw in interest with reference to this ~ mortgage and the de61 hereby set~red in tF~e same manner as with Mortgago? without in any way vitiatirg w distharging the Mortgagots' liability hero- ± under or upon the debt hereby secured. No ssle of the premises hereby mortgaged and no fwbearsnce on the part of the MORTGAGEE a its successon or augiu snd no extens7on of the time for the payment of the debt hereby secured given by the MORTCsAGE~ or in successors w auigns, ahall operat~ ~ to release, discharge, modify change or affect the wiginal liability of the MdRTGAGOR Fxrein, either in whole or in part. 10. It is spec~fically. agreed that time is of the essence of this contnct and that no waiver of .any obligation Fierevnder or of the oblgation se- cured hereby shall at any tirn~ tFKVeafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~t~o~ to the foreQo:ng monthly payme~ts of princ'pal and interest required by the promtuory no!e secured hereby, morfgagor tovenanis and agrees to pay to morfgagee with each monthly payr~xnt an add~tio~al sum estimated by mortgagee to be equal to 1/12 of the annual caat of the follow- ing: A-All real property tues lev~ed a auessed against the above desaibed real estata B-Premiums o~ fire and windstorm ins~rance as here~n requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from teme to time deem fit to carry on the loan secured hereby. Mortgagee shall f.om time to time notify mortgagor in writing of the amount due and payable hereunder and svch wm shall thereupon be dve and Fayable on tF~e due dare of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in wch ' amount. $uch sums sF.a:l be applied by mwtgagee toward t'~e payment of real property taxes, insurance prem:ums, and mortgage guaranty insunnce ~ premiums. ~ IN WITNE55 Y~HER~Of, the said MORTGAGOR has hereunto set his hand and seal the day and ar fint aforessid. k ~ Siyned, Seated and deciver in the presence of: ~ . ' a~ ~ ts.,~ ~n STATE OF FLORIDA ~ ~ ST . LUC IB i couNn oF . y p~ Don G. Butchez ~ defore me II a ared ~ .1@SI1 Buteher his wife, to me well known and known to me to bs ~ rhe individuals dexribed in and who exetuted the fw ~ r and acknowledged be~ore mt that they executed the same fw tl+e purposes ! ~?K.~~ .x~.~.~d. a,d ,r» ~ ~e~n "~u~`ckez .v~fe of tM ssid n . Bl1tC @_ ~rpon s sep~rat~ ~nd priv~t~ e,~eminstion by me taken xparate and aparf from her seid husband, acknowledged to and before me that she executed said instrume~t freely and volun- tarily and without a~y compulsion, constraint, apprehension, or feu of w from her said husband. WITNESS my hand and official seal thi~ day of ~ A D. 19 69 ; ~ tary Public in ~nd for the State of Florida ~t lar~ My c«„m~~ 9- ~ 3- 6 4 Retvm Ta ,~~t~u~t~~~.~. FiM fede~al Sav'uys i los~ Asaociation . . ; ~ ~t! 0~ AOndi ~ ~itQ! % ` ~ • ~ ~SIO~ C~,.. Of Fort P~erce. : • : ~y~.sf Fwt Pierce. Flo•ida ~ . ~ •f ~ i G. { : < . FIl.EO AND RECORDE~' ~ ~ - 4 . t._ _ ' : ' • - Si. LUr;~c r~U~JTY, F~.:. ~ _ ~ ~ ~ :t ~/t'.7t~•;.r, This Instrument ~repared By 1,, li~~~p"~r ~ First Federal Savings ~ Loan Association - of Fort Pierce 'C~~ ~ S • OS : t.. ~ • Jaaes D. Chastain J~` ''~•~~u:i~~~~~` ~ ; Checked By , • , . . ?~:;,5 CL~%'~' ~~r=CU1T COURT aoo~ 17~7 P~~E 583 ~ : r.~ ~ ~ ~ , - - . ~~Y~~°'~_-. . , - w _