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Home My WebLink About1485 ' ' :a ~ ~ + S. To plac~ and ca?tinuo~sly ke~p on tM buildinps now a Mrtaha si1wM on NM bnd ~~d on ~11 eqvipm~nt u~d p~non~lly oovtr~d br ihi~ nqrt¢ ~ +9~. with all pr~miumt iMrson pa~d in full, fir~ i~svranc~ in th~ usual Nandad policy (am. in • wrn ~pprowd by tM MpRIGAGEE, and windffonp inswanc~ In th~ erswl sfanda,d pol;cy iwrn, in a sum approv~d by M» MORTGAGEE, in ~uch company w canpani~s a th~ MORTGACsEE may directj ~nd a11 fh~ ~nd windstorm i.uuraoc~ polic:es oo sny of said 6uild~apa, any tnter~st thKein or pah the.~of, {II tM i~~l~~ff WT ~~Of~Sild Of ! i~ txcws the~wf, ihall cont~in tFa vwal standxd mortyay~t clws~ a such aM+ clws~ ~s tht Mw~pape~ may rpua~. makinp tM losi u~d~? said po14 ~ u~s. ~ach ~nd wery. paYable ro uid MORTGAGfE as its intcrest maY appear. and eacA u~d every t~ch policy shell b~ promptiy ass:yned ~nd dtlivered to any Mld by said MORiGAGEE ~s further securiry to said mortya~e deb~, and, nW teu ~han ten (10) days in advance ot the expi~ation of sach policy, ro d~ ± +lvei 1o iaid MORIGAGEE a renewal th~reof, topethtr w~th a rece~pl iw tM p~emium of such renewsl; and ~har~ ahall bs no iKS a windstam i~swaoa plat~d cn a~y of said build~nps. ~ny interest tf+ere~n or p~rl ~he~aof, unleu in t!w fam and wiih the los~ p~yable as aforesaidj uid in tM ~ven1 ariy swn ~ of money becomes payaWe v~kr such policy or policies uid MORTGAGEf ilu!! hsw th~ opYwn ro reteive and apply ths s+me on accovM of th~ ind~bted- neu fetvred hereby o~ ro permH iaid MpRTCsAGORS to teceivs snd w~ H p any part thereof fa other purposes, wilhout lhareb/ waiving or lmpak- in~ u~y putty, liar? or right u~der or by vi~tw of this mortyage; and in tht event aa~d MORTGAGORS shall fw any reason fail to keep ths said p~~mise~ so ! insured, a fap w d~tiver pranp~ly any of uid policies of insurance to said MORTGAGEE, w fei) promptly to pay (u11y ~ny premivm therefor a in anr ~ resp~cl fail ~o paforen, d~scharge, execute, etfed, complete, comply wirh and ab~de by ~tas mver?ant, w any par~ hereof, taid MORTGAGEE may plap a,d f pay fw wch inwranc~ or ~ny par~ ti~e~eof without walvir+p a affactinp iny optiay lien, equ~ty, a right under or by virtve of this Mwt9~pe, and tM i i~ll amo~xn ot each ~nd evHy such paymsnf sh~ll be immediately dw and payabb ~nd iAall bear lntcrest from ths dats the~eof u~til paid n tM ~aM ol S nine pa centum per annum and to~ethe~ wi~h suth interest sha(! be secu~ed by the tiea o/ tAis mort~ags. _ To p~rmit, commit or sutfa~ no waste, impairmt~t or deterio~ation of aaid prope~ty w any paA tAsreof. S. To pay all ~nd :ingutar the costs, tMrpes and sxpenxs, including a re~sonable ~ttaney'a fee ~nd costs of abstracts of title, intvrred w paid at any time by said MORTGAG:E, becavse or in the event of tAe failure on ~he part of ths said MORTGAGOR ro duly, prompNy u~d fully perfam, disch~rg~ execute, ~ffect, compkte, comply with and ~b~de by each and every the stipulet~ons, agreements, conditiora, ~nd tovenen» of said pomisswy note and ~his mortg~pe any w eitl~e~, and sa:d cos», chsrges and expenses, each and evay, shall b~ immediately due and payable; whether or not ther~ be eatict ds~ mand, ~ttempt to collect or ivit pcnd~ng; ud the futl amount of tach ar~d every s~rth payment shall beae intereat from ~ha date tMreof vntil paid at th~ rate of nine pe~ centum per an,~um; and all said costs, charges u+d expenses incurred or paid, fo~elher with suth interest, aMll be secured by th~ 1'an of this mortpsp~. 6. ihat (s) in the event of a~y breach of this Nlortgsye w default on 1he part of ~he MORTGAGpR, w(b) in the event any of said sums of money herei~ referred to be not promptly and fully paid within tF~irty (30) days next after tF~e same scverally becort~e due ~nd payable, without dertwnd or notits, or (c) in the evcnt each and eve~y the stipulstio~s, agree+nents, conditions arx! covtn~nri ot sa:d promisao~y note and th~s matpa9e a~y w either are nol iuly. promptly ar+d fully pe~formed, d;xharged, executed, effected, compkted, complied wi~h and ab~ded by, then in e+ther or any ~uch evem tM s+id a~ gregate wm mentioned in taid prpm;uory rwte then remaining unpaid, with inferest acuued, and a11 moneys secured heteby, sMll betoms du~ u~d p~y. able fw~hwith, or thereafter, at the option of said MORTGAGEE, as fully aod compleiely as if sll of the said wms of money wc~e orgin~Ny s~iputated to be p~rid on suth day, anything in sa:d promiuory nole a in this Mortgage to the contrary notwithstanding; and thereupoo p thereafter ~1 the opfion of ~ said MORTGAGEE, without notice w den:snd, suit af law or in equity, iherefwe ot thHeaher begun, may be prosecuted ss if all moneys secv?ed he~eby ~ had matured prwr to its instiTUtioa } 7. That in the event that at the begircning of or at any tirr~e pendirg any wit vpa? this Mptgagf, ot to for~clo}s if, or to refwm it, w to enforc~ j payment of ~ny claims hereunder, said MORTGAGEE shall apply to the Cou.t havi~g jurisdiction thereof fo? the appbintment o~ • Reteive~, s~th Court shsll t forthwith sppoiM a receiver of said mortgaged property a(I and airgular, inctudmg all and singutar fhe income, profits, issuet u+d revertues from whafeve? i sourcs derived, each and every of wh~ch, it being expreuly understood, is hereby mortgaged as if spec~fically set forth ~nd destribed i~ the ~~antinp and ; habendum clauses hereof, and such Receive~ shall have +II tF~e broad and effective funcl~ons and powe~s in anywiu entrusted by a Gourt to a Receiver, ~nd t such sppointnxN shatt bc made by such Court as an admitted equity and a matter of absolute righf to said MORTGAGFE, ~nd without refcre~ce 1o ths edequacy a inadequacy of the valve of the properry mw~gaged or to the solvency o~ insolvency of said MORTGAGOR w the defendants, ~nd that such renn, profits, income, iuucs and revenues shall be applied by such Receivrr accwd~ng to tRe lien or equiry of wid MORTGAGEf and fht pnctite of such Court. 8. To du1y, promptly and ful~y perform, discharge, ezecute, effect, complete, comply with snd ab7da by each a~d ev~ry the sfipulatioray agreemeaq, conditions snd covenants ~n sa~d promissory note and this mortgage set forih. ~ 9. That in the event the ownenhip of the mortgaged premises, a any part thereof, betomes vesttd in a person other ihan the MORTGAGOR, th~ MORTGAGEE, its successors and assig~e, msy, without notice to the MORTGAOR, deal with such sutctssor w successo~ in interest with refcrence ro ihis ~ mortgape and the debt hereby setured in the ssme manner as with Mortgagor without in any way vitiating or diuha~gi~g the Morlgagors' liability hera E under or vpw~ the debt hereby setu~ed. No sale of the prem6ses hereby mortgaged and no forbearance on the part oi the MORTGAGEE o? ita successon or assigns and no exte~sion of the time for the payment of the debf hereby se~ured given by tF~e MORTGAGEf or its suaessors w auigns, shall operate ro release, dixharge, modify change or affett the wiginal liabitity of the M~ORTGAGOR herei~, either in whole or in part, 10. 1t is speuficaliy agreed that time is of the essence of this contract and thaf no waiver of any obligation hereunder or of the obl{g~tion sa- wred hereby shalf at any time thereafier be held to be a waiver of the ferms htreof w of the instrumeM setured herby. 11. In addit;o~ to the (orego:ng monthly payments of princ"pal and interest required by the promissory note secured hereby, rtqrtgsgw tovena~fs i and agrees to pay to n:o:tgagre w~th euh monthly payrneM an addi+ionai sum estimated by mortgagee to be equal to 1/12 of the annual tost of the follow- ~ ing: A-All real property taxes levied or assessed against the above deuribed real estata ~ 6-Prem~ums on fire and windsto~m insurance as herein requ~red to be carried on the improvements situate on the above desuibed premises, ~ C-Premiums o~ wch mortgage guaranty insurar~ce as mwtgagee shail from tfine to time deem fif to carry on fF~e loart setured hereby. AAortgagee sF~al! f~om time to time noti{y mwtgagor in writing of the amount due and payable hereunder and such sum shall thereupon bt due end Fayabk on the due date of the ne:t monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a thange in wch amount. Such s~ms sF.ait be applied by mortgagee toward the paymenf of real property tazes, iruurance p~em:ums, and mortgage gwranfy inwru~ce premiums_ IN VY1T1;:y WHEREOF. the ss~d MORTGAGOR has hereunto ut his hand and seal the day a ea first afor 'd. Siyn Sealed and eli e~ d i presence of: c ` n ~ . ~ ~o S7ATE OF FLORIDA ~ COUNTY OF Lt1C~e S5. eeiwe me pcrsonally appeared Lelvia F• B~RICZC aod Rl e~nn7~ M~ ga~3~k ha wife, to mr well known and known to ms to b~ ; rhe indiridwb desc.;bed in and who ~xecuted the fwepoirg instrum~nt, and adcnowledyed before me that they executed the sarrK tw ths pv~poses rr,~.~~, .x~,~,kd. w~ Bleanoz M. Ea~ick w~fe of the said L lajg F. eti~iek upon a sepu~te and p?iv~t~ ernm~natan by me takcn separate and apart from her said husband, sdcrawledged to and before me that she executed said instrument~f~ety u~tolwa +a.~ty and without any compulsion, conat~aint, ippre fear of or from her said husband. l~t~~_ WITNESS my hand and official seal thi day of _ ~.A:,D.' 19~ ~ ~ ~ . Nwary Public in snd for fhe $1at~ of 1d~ ,U My Commiuion expirei: f~ ~ y,?~C' ~ . ~ ~ . Return To: • ~ • - Q i~ F~~.~ F.d.~.i s.~~.,~. a~~~ F~~E~ AND RECpRO a_ r 4 ST. LUCIE ED . , z Oi fort P:erce. CQU~ , ^ ~ '(i fort Pir~ce. Flor:da ~F COR~ VFqIFYEDI~. • . '•K ' , .c~ ~ 69 ~y ~ 9 p~ This Instrument Prepared By r^ . 6' First federal Savings b toan Assotiation ~J ~ ~ of Forf Pierce ~~GER CIERK CIRCUIr COURT . Checked By R. Kt~ye s f OR + } eoox177' ~1483 ~ _ ~ ~ . . ~ ~ ~f - - _ ~ ry . = ~ _