The URL can be used to link to this page

Home My WebLink About2081t ! ~ 7 . ~ ~. To play and continuously keep on tfte buildings now a Mreaher situate on said land and on all puipment and personally covered by this tnortg• ape, with all premiums thereon paid in ful4 fin insurance in tM uwal standard policy form, In a sum approved by the MORTGAGEE, and windstorm trawant» M tM wwl standard policy form, in a wm approved by tM MORTGAGEE. to such company a companies a tM MORTGAGEE stay directs and all fin and windstorm inswaraa policies on any of said bviWinps, any interest therein a part thereof, in tM aggrega» wm aforesaid a kn excess Ntenof, shall contain the uswl standard mortgagee clwse or such when clause as the Mortgagee may rpvire, making tM loss under sad pole des, each and every, payable ro said MORTGAGEE as its interest may appear. and each and every such policy shall be promptly aa:gned and delivered to any held by said MORTGAGEE as further secwity to saW mortgage debt, and, rat ku than ten (10) days in advance of the expiration of each policy, ro de- tivN ro wed MORTGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there sMll be no fire or windstorm inwrance plated on any of said buildings, any Interest therein a pan thereof, vn'eu in the form and with tM lou payable as aforesaid; and M tM event any sum of money berwrrta payable under suds polity a policies said MORTGAGEE shall haw the option to receive and apply six same on account of the k-debted• rxss aecwed hereby or ro permit said MORTGAGORS to rctaiw and use it a any part thereof for other purposes, without thereby waivi~sg a impair- irrp any equity, lien err right under or by virtw of this mortgage; and in tM event said MORTGAGORS shall for any reason fail ro keep the said premises so inwnd, a fall ro deliver promptly any of said policies of insurance ro said MORTGAGEE, or fail promptly to pay fully any premium therefor or in any resps0 fail b perform, discharge, execute, effect, complete, comply with and abide by this covenant, a any part hereof, said MORTGAGEE may plate and pay for wth irawartce or any part thereof without waiving a affectirtp any option, lien, puny. or right vndx or by virtw of this Mortgage, and the full amount of each and awry such payment sMll be immediately dw and payable and shall bear interest frQrrt tM date thereof until paid at tM ra» 01 nine per nxmtwn per anrwm and together with such interest shall be secured by the lien of this mortgage. 1. To permit, commit err suffer no waste, impairment or deterioratan of said property or any part thereof. S. To pay all and shtgular the costa, charges and expenses, inctudirg a reasonable ananey i fee and costs of abstracts of title, incurred nx paid at any tMtte by said MORTGAGEE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, dischsrga execute, effect, eompk», comply with and abide by each and every the stipulations, agreements, conditions, and covenants of said promissory note and this mortgage any a either, and said costs, charges and expenses, rzach and every, shall be immediately dw and payable; whether a rat there be notice n!e• marl, attempt ro collect or wit perdinp; and the full amount of each and every such payment shall bear interest from the date thereof until paid at the rate of nine per eerttum per annum; and all said costs, drarges and expenses inaxred a paid, together with such interest, shall be secured by the lien of this mortgagor tT. That (a) In the event of any breath of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of nwntey herein nfemd to be not promptly and fully paid within thirty (30) days next after the same severally become dw and payable, without demand or notice, or (t) in Else event each and every the stipuations, agreements, conditions and covenants of said promissory note and chi, mortgage any or either are nor finly, promptly. and fully performed, discharged, executed, effected, completed, complied with end abided 5y, then in either a any such event site said ap• grega» sum mentaned in said promissory note then remaining unpaid, with intmest accrued, and all moneys secured hereby, shall become dw and pay- able forthwith, or thereafter, at the opton of said MORTGAGEE, as fully and completely as if all of the said sums of money were originally stipulated to be paid on such day, anything in said promissory rate or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at tl~ption of said MORTGAGEE, without notice or demand, suit at lew a in pvity, therefore a thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. That in the event that at the beginning of a at any time pending any wit upon this Mortgage, or to foreclose it, or to reform it, a ro enforce payment of any claims hereunder, said MORTGAGEE steal! apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, including all and singular the income, profits, issues and revenues from whatever touru derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set forth and described )n the granting and habertdwn douses hereof, and such Receiver shall have all the broad and effective function`s and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted puny and a matter of absolute right to said MORTGAGEE, and without reference ro the adpusty p inadequacy of the valve of the property mortgaged or to the sohency or insolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien or puny of said MORTGAGEE and the practice of such Court. S. To duly, promptly and fully perform, d'~scharge, execute, effect, complete, comply with and sb'Kfe by each and every the stipulations„ agreements, co~t'toro and wvenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its sucusson and auigra, may, without ratite to the MORTGAOR, deal with such succeuor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagor' liability here- under orupon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successor or auigm and no exteruion of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, dlscFsarge, modify dunge or affect the original liability of the MORTGAGOR herein, either in whole or in part. 10. If is specifically agreed that time is of the essence of this contract and that no waiver of any obligatan hereunder or of the obligation se- cured hereby shall at any time thereafter. be heM to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of princ'pal and interest rpuired by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addir'wnal sum estimated by mortgagee to be pual to 112 of the annual cost of the follow- irg: A-All real property taxes levied or assessed against the above described real estate. fi-Premiums on fire and windstorm insurance as herein required to be carried on the improvements situate on the above described premises. C-Premiums oft such mortgage gwranfy insurance as mortgagee shall from time to time deem fH to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such wm shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter ur:til mortgagee shall notify mortgagor of a charge in such amount. Suet sums shall be applied by mortgagee toward the payment of real property taxes, insurarxe premiums, and mortgage gwranty inwrartte premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sinned, Sealed and delivered in the presence of: ~ ~ ..~_ _ n n n STATE OF FLORIDA COUNTY OF St is -s SS. Before me personally appeared '^*+^ trt- Lee and Nellie Mae Lees hie wee .and Lloyd Taylor and Clotilde F. Taylor. his wife ~ti.,nife, to me wen known ,red known ro me to be the irdividwb described in and who executed the foregoing instrument, and sdcnowkdged before me that they executed the same for the purposes rhe.ein expressed. And the said Nellie Mae Lee ~ wife of the said John M. Lee, and wds,.~yM.~~ lpt lde F Taj(] Ar a try fe of h t3a; d L_lAV~ d Tav7 nr - upon a sepuste artd prna» examinaYan by me taken separate and apart fromtfre+rsaid husbands acknowledged to and before me that ~p-e~rexecuted said instrument. freely and vwwr sorrily and without any compubion, constraint, apprehensions or fear of a fronfRtej~said hvsbartrt~,>F,. ` ZZiitfr ~%yR. t~i~-- WITNESS my hand and official seal th~~ ;,~ day of ~a°~" ti r Return Ta. First Federal Savings a Loan Associaf"an F~LEO AN0 RECOP^ 57.RFCORD VERI~I 1g2S44 Of Fort Pierce. ~ ~ ~ e ~ O Fort Pierce, Florida '69 SEP a /~ ROGEa ?OITRAS This Instrument Prepared By ~~Rft~IRCtJ~k-R7} First Federal Savings b loan Associat of Fort Pierces Florida ehe~ed ay~° o ~ ~. ao~K 179 ~~ t9 Sna . _ t r '; nand for the Stator .pf~ ` ~tcl~r t expires: ~ j r. ~p} ~~'. -~ -, , J1., ~ ~ idly Comini;t~~ ~ q,r~i, ~ ~~:rA• ttlntt•~1ii~~'' z ~ cf