The URL can be used to link to this page

Home My WebLink About1569 ~ . t ~ i ~'v~ 3. To plaa and coMinuoualy k~ep a? tM buildirq~ now or Mr~aftM ~itu~t~ on taW ~and ~nd on all pvipm~M u+d ptr~a+ally covN~d by thi~ enat¢ ye, wi~h ~II pr~rtu~ms thereon pa~d in full, fin lnsuranc~ in the uiual s~u+de.d poticy form, in a wm approv~d by tM MORTGAGEE. ~nd wi++dstwm insur~nn in ~M ~nwl u+ndard poficy fum, In ~ sum +pprov~d by ~hs MORTGAGEE, in wch compu~y or comP+n~es +t 1M MORTGAGEE ~nay directl ~nd aU firt and windsbrm insurance polities on any of said buildinps. ~ny int~n~l therein o~ part thereof, in 1M ~ppre9att wm afp~taid aI in ~xc~ss thereoi, shall ca+lain fhs usval ~t~ndard mortgspee c!ava a such othar clauss u tM Matpa~ may requG~. m+Ainp IM loss u~ said poiF ~ cisi, esch and every, payabls to said MORTGAGEE ~s its interest may appsa~, u~d each and ~vay i~ch po~icY sMa~~ b~ P~a^P~~Y +u~9^~ +^d ~~'ve~ed to ~ny MW by said MORTGAGEE as furthx iecv~ity to iaid mwtpaye debt, a~,d, not !eu than ten (10) d+Ys In edvaoce of the sxplration of each polity. to da I~ver to uid MORTGAGEE a renewal thereof, tope~Mr with a rec~ipt iw the p?emiwn oi wch renewal; and ~hsr~ ifiall be no fi~e o? winds~am insura~c~ plsnd on sny of said buildings. any iMerest therein or parl thereof, unless In the form and with the loss payabk as afaesaids +~d in Ihe ~vent aM? wrn of money become~ payable vnder such pol~.y or policies iaid MORTGAGEE iMll have ths option ro receive and ~ppty the same on ~ccount of the indsbted- ness secured haeby w fo permit said MO~tiGAGORS to reuiw u~d ufe N w any part thereo( for othc~ purposcs, without Ihtveb/ waiviny o~ impair- ;ry any puity, lien or ri9ht under or by virtus of tha mo:tys~e; ~nd in the event sa~d MORTGAGORS shall fw any reason fail to keep the said premuea so insured, w f~il W dsliver promptly ~ny of said policies oi i~surance ro sa'~d MORTGAGEE, a fail promptly to pay fvlly a~y premi~m thtrefor p ln any resp~N fail 1o pe~fonn, d~scharga, execute, efiact, camplets, compty wirh and abide by th~s mvenant. or +ny part Mreof, said MORTGAGEE en~y plap and paY for such irourancY u any part thereof without waiviny a afiectinp soy optan, lien. equity. w right under or by virtw of thii Mortga~. ~nd the full ~mount of ~ach and every such payment shsll be immediately due and payable and thall bear interest from ths date thereof ~ntil paid at th~ rate ol nine per centum per annum and together with such interest ~hall be secured by 1he lisn of this mortg~ge. 1. To permit, commit w suffer no wute, impairment or deteraration of ssid property or any part thereof. S. To pay all ~nd singular the costs, char_+es ~~d expemes, including a reasonable atto?ney i fee and costs of abstracts of title, inturred w p~id ~t any tune by said MORTGAGEE, because w in the event of 1hs failure on the part of tM said MORTGAGOR to duly, promptly u?d fully per(orm, dixM~9e~ executt, effett, tomplete, comply with and ab:de by each and every the itipula~ions, agree~nents, conditions, and covenants of said promissory ~ote u+d thu mort~~pe any or ei~he~, and said cosn, charges and e:penses, each and every, shall be immediatety dve and payable; whe~her or no1 there be notice da mand, attempt to colkct a suit pending; and fhe full amovnt of each and cvery such psymcM shall bear interesl from the date thereof uMil p~id N the rate of ~ine per centum per annum; and all uid costs, charges and expenses incvrred w paid, ~ogelher with such interest, shill be tecvred by ths lan of thq mortg~ye. 6. Thst (a) in fhe event of any breach o( this Mortgage or default on the part of tF?e MORTGAGOR, w(b) in tl+e event any of ~a~d svms of monsy herein refer~ed lo be not promptlY and fully paid within th~rty (30) days next afte? the same seve~atly become due and payable, without demand w notice. or (c) in the event each and eve.y the stipvlations, agreements, cond~~ions and covenants ot satd promissory note and th~s rrwngsge any w ei~her are not iuly, promptly and iully performed, d~xharged, execvted, effected, complered, complied wi~h and abided ~iy, then in e~tFr_r w any iuch eveM the ssid a~ gregate wm memioned in said promiuwy note ihe~ remaining unpaid, with iroerest accrued, and all moneys secured hereby, shall bemme due and pay~ able fwthwith, w thereatter, at the option of said MORTGAGEE, as fully and completely ~s if all of the said sums of money were aigina~ly stipulated to be paid on such day, anything in sa:d promissory note w in this Mortgage to the contrary notwithstanding; and therevpun or thereafter at the option of said MORTGAGEE, without notice o~ demand, suit at law w in equity, thercfore w thereafter begun, may be prosecWed as if all moneys secvred hereby had malured pnor to its institution. 7. That in the event that et the beginning of or ~t sny tirrK pending any wit upon this Mortgage, or to foreclose it, or to refam it, w to enforp paynxnt of sny claims here~nder, said MORTGAGEE shall apply to the Court having jurisdlction thereof for the appointment of s Raeiver, such Court shal) Forthwith appoinl a receiver of said matgaged property all and singvlar, includ~ng aIl and singutar 1he income, profits, issues and revenues from whatevtr ~ source tkrived, each and every of which, it being expreu~y understood, is hereby mortgaged as it spec~lically xt forth and destribed in the grsnting and habendum clauses hereof, and such Receiver shall have all the broad and effedive f~nct~ons and puwers in anyw~u entrusted by a Court to a Receiver, and such appointment shall be made by svch Court as an admitted equ~ty and a matter of absotute right to said MORTGAGEE, and without reference fo the adeqvacy w inadequacy of the value of the property mortgaged w to rhe sowency w insolvency of said MORTGAGOR o~ the defendants, and that such ~ renn, profits, inceme, iuues and revenues shall be applied by such Receiver attording to the lien or eqvity of said MORTGAGEE and fhe practice of such Courf. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by ~ach and every the sfipulations, agreemenb, conditions and covenants in sa~d promissory note and this mwtgage set fwth. 9. That in the event the ownenhip of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, tM MORTGAGEE, its successors and assigns, may, without ~otice to the MORTGAOR, deat with such successor a successw in interest wilh referente to this mortgsge and the debt hereby secured in the same manner as with Mortgagw without in any way vitiati~g a diuharging the Mortgagon' liabitify here- under w upon the debt hereby secwed. No sale of the Fremises here6y mortgaged and no forbearance on the part of the MORTGAGEE or its successon or assigns and no extens~on of the time for the paymero of the debt hereby secured given by ti~e MORiGAGEf or its successon or assigns, shall oparate to re!eass, discharge, mod~fy change or affect the original liab~l~ty of the ARORiGAGOR herein, either in whole u in part. 10. It is spec~ficaliy agreed that time is of the essence of this contrac? and that no wsivet of any obligation hereurxl~r o~ of ths oblipaYan sr cured htreby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to the forego:ng monthly paym~nis of princ'pal snd interest required by the promiuory note secured hereby, mortgagor covenants ' and agrees to ~ay to mo:tgagee with each monrhly payment an add~rional sum est~mated by mortgagee to be equal to 1/12 of t!x annual cost of the follow- ing: A-All real property taxes (evied or assessed against the above dex~ibed real estate. B-Premiums on fire and windsto~m insurance as herein requ~red to be carried on the improveme~ts situate on the above desuibed premises. C-Pre~niums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shaSl 'rom time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall tF~ereupon be due and payable on the due date of the next monthly payment and each successive month tF~ereafter vr.1i1 mortgagee shall notify mortgagor of a chsnge in wth ~ amount. Such sums sF.aii be applied by ~wrtgagee toward the payment of real properry taaes, iiuorance prem:vms, and mortgage guaranfy insutante j premiums. ~ i IN WITNES: JVHEREOf. the said MORTGAGOR has hcreunto set his ha~d and seal the day and year first aforesaid_ ~ Signed, Seated and delivered in the presence of: ~ s • ~ Ci.~u. ~-.t~l~ ~ ~ ~ ; i STATE OF FlOR10A ~ ~ ? courmr oF St. Lucie j e~r«~ ~++e Ily appeared Williaa Adol h Ta lor ~ ~ I.aurel~ M y Taylor his wife, ro me wel nown and k to me to b~ the individwb described i~+ and who executed the fwe9oirg instrwnent, and acknawledged before me that they executed the same for tM purposes rn~.~~~ exa~a. a,a r~ .~sd T Laurel May Taylor Williaa~ Adolph Taylos ~ wife of the said ~Po^ • s~P~!~10, Md Pr1r+w examinaYan by me taken separate and apa~t from her said hvsband, atknowledged io and befwe ms that she executed said inst~~: iMld,vdwr tarily and withovt any compulsion, constraMt, app~ehension. ~fsar of a from hsr said hus ~a. C~• 3'~ bQ ~ . WITNESS my hand and officul xal thi~ f 9~ day of y A. ~ d: • 19,,~._ FILEO AND RECQRDE ~ I J' ~ - ST. WCIE COUNTY. ~~A.• ~'1o1ary Public and for the StaM iSF florida'.~~~~ _ RfCORD VE IFIED ""Y ~°`°m'u~°~' "`P„~: ~2 ~ : ° = a~r~.~ To: . • _ Fint Federa) Savings ~ loan AssociatSOn ~ i l• Q Of fort Pierce. ~ ~i? = , - = ' ^ j r , Fwt Pierte. Florida ~9 I~WI ZO ~ IZ ~S ~ , • • G` . ' This Instrument Pre ared~Y RO R POITRAS First Federal Savings 8~ loan As~t~~~CIRCUIT COURT; ' of Fort Pierce Checked By -j- Ghastain - ~0~~~ ; . . . , / c f ~ _ _ - - - -5-.:r ' :;;r,~ ~