The URL can be used to link to this page

Home My WebLink About1637 3. To p~ace end con~inuously keep on the build~nqs now o~ hereafte~ ?ituste on said lind and on ali equipment and personsliy covered by tAit mortg- ~ge, w~th all premivms Ihereon pa~d in fu:l, iirs insurance in !he ufuat standa~d poticy iwm, in a sum approved by the MOR~CaAGEE, and winditwm insurance in the usual srondard pollcy fam, in +•wn ~pproved by the MORTGAGEE, in iuch compu+y a compan~es as the MORTGAGEE msy direct; •nd all fire and w~ndatorm insurante policiei on +ny of said build~nps, ~ny inle~esl lherein or pa~t thcreof, io the aggreyat~ sum ~faeiaid w In exces~ Ihereof, shall contain the usual standard mortgsfle~ claus~ or +uch o1Fxr clauss aa the Matpagee may reqv~re. makirg the ~osf u~de~ said poli~ cies, each and evcry, paYable ~o said MORTGAGEE as its interest may ~ppear. +nd each ~nd e~e~y such poiicy shalt be pranp?~y +u gncd a~d delivered ~o ~ny held by said MORTGAGEE ss further iecurity to said matflage debt, and, ~ot leu than ten l10) days in advance of the expi~ation of each policy, to d~- tive? to said MORTGAGEE a renewal ~hereof, toge~her with • reteipl for the ptemium of i~rch ronewal; and ~he~e shall be no f~re or wind~~o~m insurance placed on +ny of said buildings, sny interest therein or part thereof, unless in the form snd with the lou payable as a(oressid; ~nd in tM avM1 any tum ~ 01 irwr?ey becomes payable under such policy q policies ssid MORTGAGEE shall have ~he opt~o~ to receive and apply the iame on actounl of ~he indebted- oeu ~ecured hereby o~ to permit uid MORTGAGORS ro rKeiva and ust it a any parl thereof iw othcr pwposes, wiih~ut th=r~b~ warvi~y or ~mpair- iny any equity, lien or riqht unde~ or by virtue of this mo:sgage: srd in ths eveM ta~d AiORTGAGORS shall fw any reason fail to keep the sa~d premites so insured, a fail ro deliver promp~ly a~y of iaid policies of insurance to sa~d MORTGAGEE, or fail promptly to pay fufly any prem~um therefw or in a~y respect fail to'psr(orm, dlscharge, execute, effM, complets, comply wi~h aixl abide by this covenant, or any parl hereof, said MORTGAGEE may place and pay fa such ittiurance or any part thereof without wsiving w+ffecting any optioo, iien, equ~ly, or right unde~ w by virtue of this Mwtga~e, and the iull amount o( each and every svch payment shall be invnediately d~e and payable snd shall bcar interest from the date thercof u~til paid et ths rat~ ol nine per centum per annum arxl together with such interest shall be secured by the lien of this mortgage. J. To permit, tommit or suffer no waste, impairmen? or deterioratian of said property a any parf thereof. 5- To pay all and tinguts~ the costs, cMrget and expa+scs, includi~g a reasonable attw~ey's fee and costa of abstracts of title, incur~ed or pa~d +t any time by wid MORTGAGfE, becausc or in the event of the failure on the part of the said MORTGAGOR ~o duly, promptly and fully perf6nrti-d.scharge. execute, effect, complete, comply w~th and ab:de by each and every the stipulat~ons, agreements, mnd~tions, and covena~~ts of aaid pr6m~ssory note and thi~ mortgage any w e~ther, and sa~d costs, charges and expenses, each and every, shall be immed~atcly due and payable; whether w not t!~ere b~ no+ice d~ mand, attempt to cotlect u suit pend~ng; snd the full amount of each and every such payment shall bear interes~ from the date thereof until p~id at the rate of nine per cant~m per annum; and all said costs, charges and expenses incurred w pa+d, together w~th such intere~t, shall be secursd by the lien of this mottgsgs. ~ 6. That (a) in the event of any breach of this Mortgage or default on tF~ part of tF~e MORTGAGOR, or (b) in the event •ny of said sums of money herein referred to be ~ol promptly and fully paid within thirty (30) days next after Ihe same severa!ly become due and payable, without demand w notice, or (t) in the event each and every the stipvlations, sgrcemenls, conditions and covenants of sa;d promisswy note and th~s mor19a9e any p either ~re not ~uly, promptly and Fully performed, d~scharged, lxKUtCfI, lIIKfCd, completed, compl~ed with and ab+ded by, then in eithe~ o~ any such event the said a¢ gregate sum mentio~ed in said promissory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and p~y~ able forthwith, or thereaiter, at tha option oi sa:d MORTGAGEE, as fully and completely as ii all of the sa~d sums of money were cxi9in~lly stipulsted to be paid on such day, anything in sa:d promisswy note w in this Mortgage to the contrary notwiths+anding; and thereupon or thereafter at the option of said MORTGAGEE, w~rhout notice or demand, suit at law a in equity, therefore w tlxreaf~er begun, may be prosecuted as if all rtw~eys secured haeby had matured pnw to its inslitution. 7. That in the event that af the beginning of or at any time pending any suit upon this Mortgsge, or to foreclose it, w to reform if, w fo enforte payment ol any claims hereu~de~, said MORTGAGEE shall apply to the Co~.t having jurisd~ction thereof for the appointmenl oi s Receiver, such Covrt shall Forthwith appo~nt a receive~ of said mortgaged property all ~nd singular, inct~d~ng all and singutar the income, profits, isauts and revenues from whatever source derived, each and every of which, it being'expressly understood, is hereby mortgaged as if spec~fically ut forth and dexribed in the g~anting snd , habendum clauses hereof, and such Receiver shall have all the boad and efiective funct~ons and powers in anywise entrusted by a Court to a Receivd, •nd i s~ch appointment shall be made by such Court as a~ admitted eqv+ty and a matter of absolufe righf to said MORTGAGEE, and without referente to the ; adequacy or ~nadeqvacy of the value of the property mortgaged or to the wivency or insolvency of said MORiGAGOR w the defendants, and thst suth i rents, profits, incocrw, iuues and revenues shall be applied by such Reteiver accord~ng to the ?ien or equity of said MORTGAGEE and the pracfite of such Court. . ' 8_ To duty, promplly and fully perform, dixharge, execute, effect, comptete, comply with and sbide by each u?d evay ths stipulations, agreemer~ft, conditions and covenants in said promisso?y note and this mwtgage set twth. . . 9. That in the event the ow~e~ship of the mortgaged p~emises, w any part thereof, becomes ~ested in a penon other than the MORTGAGOR, the ! MORTGAGEE, its successois and ass~gns, may, withwit notice to ~he N10RTGAOR, deal w7th su~h successor or successor in interest with refere~ce to this mortgage and tAe dabt her2by secured i~ the same manner as with Mortgagor witlwut in sny way vitiating w discharging the Morryagors' lisbility hers- under or upo~ ~he debt hereby secu~ed. No }ate of the prem;ses hereby mortgaged and no forbearance on the part of the MORTGAGEE or its a~ccrssors o• ass~9ns and no extension of the time for the payr?xnt of the debr hereby secured given by the MORTGAGEf or its svccessors w auigns, shall operate to release, discharge, modify cFu~ge w affect the original liability of the MORiGAGOR herein; e+ther in whole ot in psrt. 10. tt is ~peufically agreQd thal tiar_ is of the esxnce of tha contratl and thatna Waiver of any obligaGoe hereuod~r _r of the obliyaYan se- ( cured hereby shall at any time thereaher be held fo be a waiver of the terms hereof w of the ipstr~ment secured he~by. 11. In add:tio~ to the ferego:ng monthly payments of princ"pal and interest required by the prom~ssory nore secured hereby, mortgagar covenants and agrees to pay to mortgagee with each monthly payment an addi~io~al sum est~mated by mortgagee to be equal to 1~ 12 of the annual cost of the follow- ing: ~ A-AII real property taxes levied or assessed dgainst the above deuribed real estate. ' r ~ B-Premtums on fire artd windstorm insurance as horein requ:red to be carried on the improveme~ts situate on~!he above desuibed premises. ~ C-Prerniums on such mortgage guaranty insurar,ce as mortgagee;hall from t~me to time deem fit to csrry on the lo~n secured hereby. ~ Mortgagee sfialt from t~~ne to time ~oti(y mor!ybgor in writing of the amount due and payable hereunder and svch sum shall thereupon be dve and ~ Fayable on the due dafe of the next monthty payment and each successive month thereafter urtil mwtgagee shall notify mortgagw of a change in such 3 amount. Such sums sF.all be applied by mortgagee tow3rd the payment of real property taaes, insurance prem.ums, and mortgage guaranty insurance ~ f premiums. E IN WITNESS :YHERi'~F, tne said MORT6AGOR has hereunto xt his fiand and seal the day and year lirst aforesaid. ~n ,Sig ``Seal`e^d.and Slel~er in~the presence of: ' / ` r „ ~ ~ +h . 4 i ~q / STATE OF FLORIDA 1 couNn oF ST . UIC IE i~ Before me personally appeared ~Onald J. Willems ~ Joan C, willema his wife, to rrn well known and known fo me to be j the individuals desuibed in and who executed the faegoing instrumeM, snd adcnawledyed before me that they executed the same for the purposes i therei~ expressed. And the said Joan C. Willems ~ Donald .T. Willeas upon a sep~rafe +~d rvat~ wife of the uid ~ ~ examinstion by me taken separate and apart from her said husband, atknowledged to and before me tFwf she exetuted said instrurtxnt freely and volurr tari~y and without any compvlsion, constraint, apprehension, or esr of w from her ssid husband. ~ WITNE55 my hand and official seal thi day of enber a p, ~q 69 T a, Not~ry Public in ~nd for tF~e St~b of Florida at tar~e ~ ;My Commisfion enpires: ~ Retum 1a .~~.:~:t~~~i+~.,, . Firtt federsl Savings a Lwn Assotiation ~'t ~ 1iv i'ZI.iLIC~ STAT~ ~ ~ ~ Of Fort P~erce. , v ~ C'.• :SlAISSIt~ ~ ~ 8~~ ` pNDED a~ Fort Pierce, fbrida ? p ~ _ `J ~ " ANO R~COROE ~ - FILEO ~OUNTY. FLA. ~ . , : - 's ST. WCiE y~F{-~~D ; ~ r?r.~~f~~ ~ ' . a 186 ~ This Instrument Prepared By .~ohn W. ~~a~].Z3~> .•'rr ~ First Federal Savings 8~ Loan Association '''Q ~ ~ ~ ~ s ~ of Fort Pierce , F lor ida t~9 OC~' ~ Q QM 9• U~''`i ~ Checked By ~ ~ F2~yr~r~! +'OITRAS BOOK PACE~~37 ~1.ERK CIRCU1T COURT 'r'i ~ FT i l _ . ~ : ~ _ _ _ _ t+v~'~*%~j s~. _ . ~ . ~ ,