The URL can be used to link to this page

Home My WebLink About0234 3. To plac~ and continuovaly ks~p on th~ buildinps ~ow a hsreaf~~r situat~ on ssid land snd on ali equipmeM and p~rsonslly covaed by this mort¢ ag~, with all premi~ms tlureon paid i~ (ull, fire insuranca in tt~e usual s~sndard E+olicy fwm, in • sum approved by the MORTGAGEE, and wind~torm ins~r~~ce i~ the uswl srandard po1~q fam. i~ • ium approved by tM MORTGAGEE. in wch company or canpanies as the MORTGAGEE may di?ectj and atl fire and wiodsrorm insurana polici~t on any of taid 6uildingt„ any Interest tFx~ein o~ part thereoi, in the ~ggregate sum aforesaid o~ in exctss Ihereoi, tMl) contain Ihe vswl itandsrd rtwr~ga9ee clause w.such other claus~ ~1j tM Mat9agee may ~equ~ro, making the loss under sa~d poli~ ciei, each and e~reey, payab~e to s~id MORTGAGEE as itt intere~t may appea~, and each and every such policy shall be prompNy su.g~ed and detivered ~o •ny held by wid MORTGAGEE ~s further security to ssid mort~s~e debt, and, oot ieu than ten (10) days in ad.ance of ~he expirstion of each policy, to da liva to said MORTGAGEE a ~enewal thereof, Iopether with a rateipt fw the p~emium of such r~newal; and thcre shall be no f~re or windstorm insur~ncs pl~ced on any of said buildings, any intcrest therein w parf 'thereof, unleu in the form and with the lau payable as aforesaid; and in the event any :um of ma?ey becomes payabl~ u~der such polity o? policies said MORTGAGEE sF~all have the opt~on to receive a~xl apply the same on account of the ir+debted~ neu secu~ed hereby or lo {xrmif said MORTGAGORS fo reteivt and us~ it or any pa~f thereot fo~ othcr purposes, .vi~hout Ihereb/ waivi~ig w unpair- ing any eq~iry, lien ot righ~ under w by virtue of this morl~a9e; and i~ the event uid MORTGAGORS shall for any reason fail to keep the sstd prem~ies w insurcd, a fai) ro deliver ptomptly sny of said polities of insursnce to ssid MORTGAGEE, w fail prompt~y to pay ful~y any preinium therefw or in any respect fail ro pa~wm, d~xharge, executs, effed, complete, comply with and abide by this covenant, w any part hcreof, said MORTGAGEE may plue and pay fw such insurance w sny pa?t thereof witho~t waivinp or affecfirg sny option, lien. equity, or right ~nder or by virtua of this Matgage, ~nd tAe full amovnt of each and lYHy such payment shall be immediately d~e and payable and shall bear i~terest from the data thereof until paid at the rate o1 nine pe? ttntum per an+~um and to~ether with such imerest shall be secu~ed by ths lien of thii mortgage. 1. To parmit, commit o? iuffa no waste, impairment or deterioration of said property ot any part thereof. S. To psy all ~nd singulu the coab, ch~ryes and expenses, including a reasonable attwney i fee and costs of abstrads of title, incurred or psid at any time by wid MORTGAGEE, becauie a i~ tl+e event of the failure on the part of ~he said MORTGAGOR to duly, promptly and fully perfwm, d~scharge. execute, effed, compkte, comply with and abide by each a~d every the stipulations, agreements, conditions, and covenants of sa~d promissory note +nd this mortgage +ny w either, and said cwts, char9es and expenses, eath and every, ihall be immediately due and payable; whether or not there be no?ice de ~ mand, attempt to collect a suit pending; a~?d tl~e full amo~nt of each and e~rery such payment shall bear interest from the date the~eof until paid at the { rate oi nine per centum per amwm; and all said costs, charges and expenses incurred w pa+d, together w~th such interest, shall be secured by the lien of thu ^~?~+9~. 6. That (a) in the event of any breach of this Mortgage w defaulr on the part of the MORTGAGOR, w(b) in the event any of ssid sums of money herein referred to be not promptly and fully paid withio thi~ty (30) days next afte? the same uve?ally become due and payabls, without demand a rtotice, or (c) in the eveM each and e~ery the stipvlations, sgresments, conditions and covenaMS of sald promiuory note and ~h~s mortgage any or either •re not ~uly, promptly and fully performed, d~xharged, executed, effected, completed, complied with and ab+ded 5y, then in either or any such event the ~aid ag gregate wm rrKmioned in said promissory note then remaining unpaid, with iNerest accrued, a~d all moneys secured hereby, shall become dw ~nd pay~ able fwthwith, or thereafta, at the option of said MORTGAGEE, as fully and completety as if all of the said sums of money were aiginally stipulated to be paid on such day, anythi~g in said promissory note w in thit Nbrtgage to the contrary notwithstanding; and thereupan w thereafter at the oplion of said AIIORTGAGEE, without notice w demand, suit at law w in equity, therefwe w thereafter begun, may be prosecuted as if all nwneys setured hereby had maturetl prwr 1o its institWion. 7. That in the event that st the beginning of w ~t sny time pendirg any suit upon this Mortgage, or to foreclase it, ot fo mfwm it, or to enfo~q payment of any claims hercunder, said MORTGAGEE sMll apply ro the Court having jurisdrction thereof fw the appointment of a Receiver, such Cou?t ihall forthwith appoint a receiver of said mortgaged prope?ty atl snd sinpvlar, includ~ng all and singular the income, profits, issues and revenues from whatever seurce derived, each and every of which, it being expressly understood, i~ hereby mortgaged as if spec~fically set fwth and described in the granting and habendum clauses hereof, and such Reteiver shall Mve all 1he brosd and effective funct~ons and powers in anywise entrusted by a Court to a Rece'rver, and ! such appointment shall be made by such Court as an admitted equity arxl a ma~ter of absolute r~ght to said MORTGAGEE, and withou~ ~eference to ths ' adeq~acy a,inadequacy oi the vslue of the property mortgaged or to the so~vency or insolvency oi uid MORTGAGOR or tFx defendams, and ti?at s~ch renrs, profits, income, iuves and revenues shsll be spplied by such Receiver accwding to the lirn or equity of said MORTGAGEE and the practice of such Court. 6. To duly, promptly and fvlly pe~fwm, diuharge, execute, effect, complete, comply with and abide by each and every the stipulations, agrcemenis, ' :onditiorts and covenents in said promissory note a~ th~s mwfgage se+ fath. ; 9. That in the event the ownership of the mortgaged premises, w any pa?t thereof, becomes vested in a person other than ihe MORTGAGOR, ths MORTGAGEE, its succeuors and auigns, may, without ratice fo the MORTGAOR, deal with such successor a successor in interest with refererxe to this matgage and the debt hereby securrd in the same manner as with Mortgagor without in any way vitiating ot diuharging tF?e Mortgsgors' lisbility here- under or upon the debt hereby sea .ed. No tsle of the premises hereby mortgaged and no forbearance on the part oi the MORTGAGEE or iti wccesson or assigns and no extension of the timc for the payment of the debt hereby srcured given by the MORTGAGE' or its successors or assigns, shall operate ro release, diuharge, modify change w affeti the original liab~lity of the MORTGAGOR hcrein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder or of the obiigaYan sr cvred hereby shall at any time thereafter be held ro be a waiver of the terms hereof or of the instrument secured herby. 11. In addiiion to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mo?tgagor covenants and agrees 10 pay 10 nWtlgageC with each manshty payment an ad3~rianal sum es:Emated by matgagee to be equa! to i; 12 of the annual cost of the follow- ing: A-All real p~operty taxes levied of assessed against the aboye dtsuibed rea4 estate. i B-Premiums on fire and windstorm insurance as herein requ;red to be carried on the~improveme~ts situate on the above described premises, i C-Premiums on such mortgage guaranty insurarce as mortgsgee shall from t;me to time deem fit to carry on the loan secured hereby. I Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the neat monthly payment a~d each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such ~ amount_ Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurante I premiums. ~ ! ff IN WITNE55 WHEREOF, the uid MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. i Signed. Sesled a deliv~ m the presence of: ~ ..t~ ~L~~cLF~i~ (Seaq ~ ~ ~ ~ / S~aq ~ a STATE Of RORIDA ~ ~ counmr oF ST . LUC IE i ~ Befwe me personally sppeared •~rCOIlYL BO1Afe ! ~ BettY JQan BO~e his wife, to me well known and known to me to be ~ the individvals described in and who executed the foregany instrument, and acknow{edged before that they execvted the same fw tF+e purposes ; Bett Jean Bowe therein expressed. Md the seid y ~ wife of the said HaYC011It BOW@ upon a separate snd privats ~ examination by me taken separate and apaA from her said hvsband, etknowledged to and befwe me that she exetuted said instrumeM freely a:~d volur?- a tarily and withovt any compulsion, constraint, apprehension or ar of w from her said husband. WITNE55 my hand and official seal thi day of A rll A. D. 19 7O 7 ~ • . otary Public in and for the Seate of Florida at ~arpe ' ~ Mjr' Conxnisian expires: ~ x Return 70: • • ~~,•••"'•~er~i~,~ ilpiliRf PUdI.IC, STAT~ OF FLARIDA AT Wt6E ~ First Feder+l Savi s 3 loan Auociation ~,a' EXPIRES SEPT. 23, 1973 ~ ~ • GoMMlssioN E~ , ~ t~u ~ ~ aara~a~ ~ Of fort Pierce. ~ 4~. ~•.~.~-'~,?-e; ~'i- r ~/'L ss a.+,~i~ ~ r r~~- . fort Pierce. Florida " ~ •q • ; :;Y_.:.-4~~~. ~ ~ ' _ FILEQ ANJ~ q~COt~OED ~ ~ ~ : X: ` • ST. ~k~'UC1~~'EOtj~A4'' ~~~t. ~ This Instrument Prepared By Wm. E. BraKt ~~.J`-'~~' " '~~_C(}~;~ V~.~~C~F~(i•- - ' L ~ 2- ' ~ ~ First Federal Savings E~ Loan Association ~..~~s~~ 9~. v ' of Fort Pierce~ Florida ~l, . • ' ~ ~Q ~ s~''` '70 APR 20 AM l0:34 "i~T~~m~•~r ~ Checked By[~ _ _ . . ~ ~ ~ ~ R Q .ii::.r- a •~O~T~S ' = BOOK~p~ PACE ~~4 C~ ERK ClRCU17 `CbURT ~ ~ • _ . . ~ E' ~ ~ - - _ _ - - - r -ti.~ . ~ . _ ~ . . _ _ _