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Home My WebLink About1038 ~ - 1 • To pl~c~ and continvou~ly ke~p on th~ buildinps now or h~reaft~r ~itwt~ o~ said I~nd end on all equipment ~nd perwnally tovtred by thii mat~ p~, with all premivmi theroon p~id in full, fire insuranci in th~ uzu~l standud po~icy fo~m, in • tum approved by ths MORTGAGEE, ~nd windi?um inw~+nce i~ tM uiwl ttandard poliq fam, in • ium approved by ~M MORTGAGEE, in iuch canpany o+ comp+n~es +s the MORTGAGEE m~y ~ d'uectl and ali fire ~~d windsrorm iniu~~nu policies on +ny of aaid build~nps. any interest therein w puf thereof, in ths ayyre9a~e ium ~~.,-res~id o~ ~ M exceu thereof, ihall contai~ Ihe ususl sundard mortgsyee daus~ w iuch otMr clause ai Ihe Mortpagee may req~ire. makinp ths loss und~r ~a~d poli- ~ fws, eath ar+d every, psysbi~ ro said MORTGAGEE as itt interest may +ppe+r. +nd cach and every ~uch poliq ~hatl b~ promptlY +i~ 9ned and delivered to ~ny heW by v~id MORiGAGEE as furfher secvrity to said mo.t9a9e debt, and, not leu tMn 1en (10) days in advancs oi the expiration of exh policy, to de- IivN to taid MORTGAGEE a re~ew+l thereof, togetha with a receipl for tM premium of wth renewal; and Iher~ thall be no f~te or windstorm insura~ce placed on any of uid buildings, aMr interest thetei~ w p+rt thereof, unleu in the fwm ~nd with tM losa p~yable as ~fuesaid; and in the event any tum of money become~ payable v~der wch pollcy a policiss said MORTGAGEE shatl haw ~he option to receive a~d apply the same on accovnt of the irxlebted~ ~su utured hereby w 1o permit s~id MORTGAGORS to reteiv~ at~d uss if or •ny parf thetoof fa othcr pu~poses, wi~hout tharcb/ waivi~y or unpair- irg any puity, lien w ri8ht under or by virtw of this mortgage; and in ~he event said MORTGAGORS ~hati ia anY reasa+ fail to keep the sa~d premises w inwred, w fail b deliver promptly aoy of ts'~d policies of i~surance to ssid MORTGAGEE, u fail promptly to pay tully sny prcm~um therefw or in ~ny respect f~il ~o perform, diuharge, execvts, effect, complete, comply with and abide by this cova~?am, a anY part hrreof, said MORTGAGEE may place and p~y fw cuch ir?iuraexe or sny part thereof withouf waiving w ~ffactinp any option. lien, equiry, or right unde? w by virtue of this Matya9e. •nd the full amo~N of each and evcry s~~ch payment shalt be immediatety dw and piyabM and shall bea~ i~te~e~~ from the dat~ thereof until paid at the rue oi nine pe~ cet~tum pe~ annum and together with such intaat shall be secured by lhe lien of this mw19+9e. 4. To permit, commit w iuifa no waste, impairment u deterioration of wid Fvoperty or any paA thereof. S. To psy all and singular the costs, charges u+d expenses, including + reasonsbte attaney's fee and costs of abstrods o~ title, incurred a paid at sny t~me by said MORTGAGfE, because a in the eve~t of the failure on the part of the ssid MORTGAGOR to duly, promptly a~d fully perfaro, d~scharge. ~ execute, effect, complste, comply with and ab~de by each and every the stipul~t:cv?s, agreements, cond~tions, and mvenants of said promiswry note and this mort~aye any w either, snd said cosn, charges and expenses, cach and every, shall be immediately due and payaole; whether w ~ot there be notice do- m~nd, attempt to collect or suit pend~ng; aod the full amouM of each ~nd e~vY s~xh payrtxnt shall bear interest from ~he date thereof until paid at the rate of nine per cenwm pe~ amwm; and all uid msn, che~ges and expe~ses incu~red or paid, together w~th such interest, thall be secured by the {ien of thu mort~aya 6. Thal (a) in the event of any breath of this A11a!~±ge w default on tM pa?t of the MORTGAGOR, a(b) in the event any of sa~d wms of money - herein referred to be not promptly and fully paid within thirty (30) days next after the san+e severalfy become due and payable. without demand a notice. or in the event each and every the stip~lations, sgreements, conditions and covenants of sa:d promiuory note and th~s mortgage any w either are nol ~uly. promptly and fully performed, d~xFwrged, eaecutcd. eifected, completed, complied wi~h ~nd abided by, then in either or any such eveM t1?e said ag pregate ium men~iooed in ssid promissory note then remaining ~npaid, with interest accrucd, and all moneys secured hereby, shall become due ~nd pay, abk forlhwith, w therealter, a! the option of said MORTGAGEE, as (ully ard compktely as ii a~f of the said sums of money were originally ~tipulated to be paid on svch day, anything in said promissory note ot in this Mortgage to the contr~?y notwilhstandin~; and thereupon or thereafter st the option of said MORTGAGEE, without notice or demand, s~it at law or in e.~uity, therefae or theresfter begun, may be prosecuted as if all moneys sacured he?eby had matured prior to in imtitution. 7. That in the evmt that at the beginning of or ~t any time pe~ding any suit ~pon this Mortgage, a to faectou it, or to reform it, a to enfwcs { payment of any claims hereunder, uid MORTGAGEe sMll apply to the CouA having jurisdiuion thereof for the appointmen~ of s Receiver, tuch Court shall Fwthwith appo~nt s receiver of said mortgaged p?operty all and singular, includ~ng aIl and singular the income, prof~ts, issves and reveoues from whatever source derived, each and every of wh~ch, it be~ng expressly understood, is hcreby mortgaged as if speciflcally set forth and described in the granting and habeodum clauses hereof, s~d such Receiver shall have all the broad and effective funct~ons and powcrs in anywiu entrusted by s Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right ro said AM1ORTGAGEE, and withou~ reference to the adequacy w inadequaq of the wlue of tF+e property mortgaged. or to the sotvency o~ insolvency of said MORTGAGOR or the defendants, and that svch renn, profits, inc«ne, iuues and ~eve~ues shall be applied by such Receiver accwding to the 1'~en or equiry of said MORTGAGEE and the pradice of such CouA. 8_ To duly, promptly and fully perform, discharge, execute, effect complete, comply with snd abide by each and every the stipulations, sgreements, condit"ans and covenants in sa~d promissory note a~d this mortgage set fortF?_ 9. That in the eveM the ownership of the mortgsged premises, or any pa~f thereof, becomes vested in a person other than the MORiGAGOR, the MORTGAGEE, its successors and auigns, msy, without ratice to the MORTGAOR, deal with such succesaor or successo? in interest with reference to this mortgagt and the debt hereby secured in the same manner as with Mortgagw witFwut in any way vitiating a diuharging the Mortgagors' liability here- urxier or upon the debt hereby secured. No sale oi the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successon or sssgns and no eatens~on of the time fa the payme~t of the debt hereby secu~ed g~ven by the MORTGAGEf or its successors or augns, shall operate ~o release, discharye, modify thange er affecf the original liabiliry of the MORTGAGOR herei~, either in whofe w in part. 10. It is speuficaliy agreed that time is of the esse~ce of this contrad and that no waiver of any oblgation herevnder or of the obliyaiion sr tured htreby shall at any time thereafter be held fo be a waiver of the terms hereof ot of the inslrumem secured herby. 11. In add~tion to the forego:ng monthty payments of princ:pal and interest required by the p?omissory no?e secured hereby, mortgagor covenants ° and agrees to pay to mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1 f 12 of the annual cost of the follow- ing: ; A-All real property taxes levied w assessed against the above deuribed real estate. B-Premiums on fire and windstwm insurance as herein requ~red to be car~ied on the improvements situate on the above described premises. ! C-Premiums on svch mortgage guaranty insurarce as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shatl from time to time notify mortgagor in writing of the amount due and payable F?ereunder snd such sum shall thereupon be due and ~ payable on the due date of ~he neat monthly payment and each successive month thereafter urtil mortgagee shall noNfy mortgagor of a change in such ~ amou~t. Such sums sFail be applied by mortgagee loward the payment of real prope~ty taxes, insurance prem:~rrs, a~id mortgage guaranty ins~rance , premiums. ' IN WITNESS WHEREOF, the sai MORTG R has hereunto set his hand and seal the day snd yesr iirst af ~ Sig al and liv in t esence of: .Q (c.~n aq r n ~ STATf OF fIORIDA ~ j counm oF ~I~ ~ ' i Before me personally appes?ed Bernard Dale Matthews ~ ~=OZ Ann Matthews his wife, to me well known and knowe to me *o bs the individuals described in and wFa executed the foregoing instrume~t, and acknowkdped before me that they executed the sanx for the pwpwes t . t therein expressed. And the ssi' ~r01 ~III MatthellS ~ ~ wife of the wid BQIIIa=d Dale MaLLbe~f8 p~~~M , examination by me taken separote and apart from her said husband, acknowledged to +nd before me that she executed siid irutrwrilt6 ~ta~-; and volwt tsrily and without any compuls'an, constraint, spprefxnsion.~ fear of w from her said husband. , : WtTNESS my hand and official sesl this ~ g day of Januarv . t- ~ A~:•,.~~ 1 ~ i.!/~.a f ` a ~ ~ . , Notary Public in and fw the Stafe iof ~rid~ N LQ~ : " My ca,~n,ission .~cp~~as~. /a - ~::7~ - = • Retum To: /if ~3~~/ ' ~ ~ Fint federal Savings 3 loan Aisociation - • Of Fort v,e«~. FILEO AND RECOROEa`•- ~ Fort Pierce, Flwida ST. LUCIE COUNTY, ~LA. RE~OR~ Vc=.?IFlED ' ; 188565 Th~s Insirument Prepared By John w, coii~n$ 'TO' JAF~ 20 Abl I0: 46 First Federal Savings & Loan Association ' of Fort Pierce , Rlorida c:O;,E~ s'0lTRAS Checked By C! ERK CIRCUtT COURT> BOOK 1~2 e~~~ 1036 ~ ~ _ n~ - ~ - ~ '^yk~. ~ _ 1 ~ ~t~~>~_`:H~...~~"..n,'T:.~;; ~ ..?~_z~ . . .v.~s ~_`r'7~~