The URL can be used to link to this page

Home My WebLink About2994 3. To p1sc~ •nd continuously ke~p on tM bui:din9s now w Mr~af~~r si~u~t~ on sa~d land and on all eq~ipment and perwnally core?ed by this mor~y- ~gs, with •II premiyms thercon pa~d in full, firt iniur~nc~ in ~hs u~~al standerd policy form, in a sum appro+ed by the MORIGAGfE, and wind~torm ~nsurance in the usual stsndard pot~cy (orm, i~ a sum ~pproved by the AAORTGAGEE, in iuch •company or cwnpan~es at ~he MORTGAGEE may direc~; a.nd all firs •nd w~ndsto~m insurance po~~cies on any of sa~d build~~gs, a:?y ~ntcresl thercin or part thereo~, in the aggrega~e sum •fae~aid o~ tn excess theieof, ~hall co~tain the usual standard matgagee claus~ w such otha clause as ~he Mo~?pagee may reQu~re, maAinp Ihs los~ urxla sa~d po1F cie~, each and avery, payable to iaid MORTGAGEE ai ih interest may appear, and each and every ~vch poiicy fhall be promptly au gncd and detivered ~o ~ny held by uld MORTGAGEE as fur~her iecurity to ssid mortgsge drbt, and, not less than ten (10) days in advance of the expirarion of each pot~ty, to da tive~ to wid MORiGAGEE a ~enewal thereof, together with a rcteipt for the premium of such renewal; and there shall bt no fire or windsto~m iniurance pl~ted on any of ssid buitdings, any interest therein or part lhercof, unleu in the form and wi~h Ihe loss payable as aforesaid; and in Ihe event any sum of money becomes payable under such poliq w pol~cies uid MORTGAGEE shall have the opt~on to receive and apply the same on account of the indebted- ncu secured hereby or ro permit u~d MORTGAGORS to receive and ust it w eny part thereol fo. otne~ purpoies, ..~iho~t th~.~o~ wai~ing o~ ~n,pa~r• iry any equity, lien a right under w by virtue of this mo::9age; and in Ihe eveM w~d MORTGAGORS shall fw any reason fait to keep the said premises so insu~ed, or fai) fo deliver promptly any of said policies of insurance to sa:d A10RTGAGEE, or fail promp~ly to pay fu!ly any premium therefot o? in a~y resped fail to pte~fwm, discharge, eaecute, ef(ect, tomplete, cwnply with and abide by this cove~an~, o~ any part hereof, said MORTGAGEE may place and pay fa such insurance or any part thereof without waivinq or _~ifecting any optian, IiEn, equ~ty, w right undcr a by virtue of this M«fgage, and the full amount of each and every s~ch paymsnt shall be imcnediately due and payable and shall bzar interesi from Ihe date thereof un?il paid at the ~at~ ol nine per centum per artnum and to~ether with such interest shail be secured by the lien of this mutgage. I. To permit, tommit or suffer no waste, Impairment or deteraration of said property w any pa~t thereof. 5. To pay aIl and singulsr the costs, charges and expenses, inclvding a reasonable anorney i fee and costs of abstracts of title, incurred or psid a~ any time by uid MORTGAGfE, because a in the evtnf of the failure on the part of the said MORiGAGOR to dvly, promptly and fully perform, d~xharge. execute, effect, complete, coneply w~th and ab~de by each and every the stipulatlons, agreements, conditions. •nd covenanes of said promiswry note and this mortgage any or ei~her, a:-~d sa~d costs, charges and expenses, each and every, shall be immed~ately due and payable; whether w not there be no?Ke dr mand, attempt to collect ot suit pending; and the full amount of each and every such payment shail bea. interest from fhe date thereof until paid at the rate o~ nine per ce~tum per an~ium; and all said costs, charges and exprnses incurred or paid, together w~th such interest, ihall be secured by the lien of this mortgage. 6. That (d) in the event of any b~each of this Mortgage or default on the part of the MORTGAGOR, or (b) in the evenf sny of sa~d surns of money herein referred to be not promptly and fully paid wi~hin th~rty (30) days ~ext after the same severally become due and payabte, without demand or notice, or (c) in the event each and every the stipulationa, agreements, conditions and covensnrs ot sa:d promisso~y note and th~s mortgage any w either aie nol july, promptly and fully perfwmed, d~uharged, executed, eifected, completed, complied with and ab~ded Sy„ then in e~~her or any such event the uid sg gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and at1 moneys secured hereby, shall becwne ~ue and pay- able fwthwith, a theresfter, at the optio~ of said MORTGAGEE, as fvlly and completely as if all of the said sums of monay were aiginatly st~pulated ro be pa~d on such day, anything in sa:d prom~uuy note w in this Mwtgage to the contrary notwithstanding; and thereupon w therea}tn at the opt~on of said MORTGAGEE, without notice or demand, suif at law w in equity, therefwe w thereatter begun, may be prosecuted as if all moneys setured hereby had matu~ed pnor to its institution. 7. That in the event that at the beginniny of or at any timc pending a~y suit upon this Mortgage, or to foreclose it, or to ?eform it, or to e~force payment of any claims he~eunder, said MORTGACaEE sh~~l apply to the Court having jurisd~ct~on thereof fw the appo~rUment of a Receiver, such Court shall furthwith appoint a receiver of said mortgaged propc?ty.all and singular, includ~ng a!I and singula+ the income, p~of~ts, issues and revenves from whatever source derived, each and every of which, it being expreuly understood, is hereby mort~aged as if speu(ically set for~h and dewibed in the granting and habendum clauses hereoi, and such Receiver shall hsve all the broad and effecrive tunu~ons and powers in anywise entrusted by a Gourt to a Rcceiver, and such appointment shall be made by such .Court ss an admitted equity and a matter cf abso.lute right to said MORTGAGEE, and withoul re(erence to the adequacy a inadequaty of the value of the property mortgaged w to the sofvency o! insolvency of said MORTGAGOR or the tlefendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accwd~n9 to the I~en w equity oi said MORTGAGEE and the practice of such Court. • . . , 8. To duly, promptly and fully perfwm, discharge, execute, efiect, complete, comply with and abide by each and every the stipulatiorts, agreemenri, conditions and covenants in u~d promissory note and this mortgage set fo?th_ ~ 9. That in the event tF~e owrsership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, fhe MORT('aAGEE, its svccessors and assigns, may, without nofice to the MORTGAOR, deal with such successor w successor i~ interest with reference to this mortgage and the debt hereby secured in the same manner as with ~Aortgagor without in any way vitiating or diuharging ihe Mortgagori lisbility herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assgns and no extension of the time for the payment of the deb~ hereby secured given by the MORTGAGEf or its successws or ass~gns, shall operate to release, discharge, modify thange or affect the oriqinal liability of the MORiGAGOR herein, eith~r in whole w in part. 10. it is spec~fically agreed that time is of the essence of this tontracl and ihat no waiver of any obligation herevnder or of the obligation sr ~ cured F?ereby shall at any time thereafter 6e held to be a waiver of the terms hereof or of the instrument tecured herby. i j 1l. In add~tion to the fwego'ng monthly paymeros of princ'pal and interest required by the promissory no!e secured hereby, mortgagor tovenants li and agrees to pay to mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1;' 12 of the annual cost of the follow- in~: i A-All rea~ property taxes levier! or assessed agai~st the above deScribed real estate_ ~ 6-Prem~ums o~ fire and windstorm insurance as herein requ~red to be carried on the improvements situate on 1he above described premises. C-Premiums o~ such mortgage guaranty insurence as mortgagee shall from t~me to t~me deem fit to carry on the loan setured hereby_ ~ Mortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter ur,ti! mortgagee shall notify mortgagor of a change in such ; amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~~d mortgage guaranty insurance ~ premiums. • ~ ~ IN WI?NESS :VHEREOf, the said MORTGAGOR has hereunto set his hand and seaf the day and ear first atoresaid. Signed. Sealed and [iver in the presence of: 1/~~~~`^ry/ f. Lf/ (SNI) ~ (Seal). {~aq (Sea4 ~ i TATE OF FLORIDA ~ SS. ~ couNn oF ST . LUC I E ~ eefore me perwnally appeared Helmut P. Wales a„~ ~ Blisabeth Wdl@S his wife, to me well knewn and known to me to be ~ the individuals desuibed in and who executed the twegoing instrunxnt, and acknowledged before me that they exec~ted the same for the purposes ~ therein expressed. And the said- Elisabeth ~dl@S ~ Helmut P. Wales ~ wife of the said upon a separate snd private ~ eaamination by me taken separate and apart from her said husband, ecknowledged to and before me that she executed said instrumeM 6eely and volun- ; ? rarily and withovt any compulsan, constraint, apprehension, or fear of or from her said husband. y ~ WITNE55 my hard and offic+sl seal thi~ u~~ day of prll A. D. 19 7O • Notsry Public in and for the State of Florida et Larpe ' '`~,:..Yy .F; • My Commiuion expires: :s ~ Retum To: • ~ ` ~"""~'~na NOiRRY PUBL j y Fint Feder~l Savings 3 loan Association ~~a~~~,~~~ +s'.•~•~?~.~: ~~~f0~i ~ COMMISS) N AT LARCE ' ~ 4 -1973 ' ~OIIDED THI~ FRFD Y~4 OIESiELNORSi 4 S~ ' Of Fort Pierce. : ~ Fort Pierce, Florida .Q'.'~z ~y~,_,~V,~.:~;" FIL~U Af+10 R£C4R0£0 ' = : : • r~ -:s y~ ~ ~ . ' - ST, LUC1E COUNTY. FLA. _ - ~;;-~~nn v~Rl~'~U _ -';~Q - ` _ ~ : ~ : ~r-, ~ : - 192114 . J D ~GlS~a~ • ~ ~ ~ ; ~ . This Instrument Prepared 8y . • ~ ~,,ct,:,;•,\=; s First Federal Savings & Loan Association ,~f'•:;;~•.;~;; ~70 APR 13 PM 3• ~ yx • of Fort Pierce~ Florida ~:'g~~~~Rr ~ ~ ~'yjl ~ ~ Checked By - ~ _ f-~~ ~ C~ ~ R ? . ~ 0~ :.S BOOK~VJ PACE~c7t7~. CL£RK CIRCUIT COURT ~ - - • - - - - - , ~ , n~_ _ _ . . . _ - _ 4~