The URL can be used to link to this page

Home My WebLink About0585 3. To place and cominuously keep on the bui!dings now or hereafte~ fituata on said land and on all equipment and personally tovered by this mortg- sge, with all premiums Ihere~i~ pa~d in full, ti~e insurance in the u~val slanda~d polity form, in a sum approved 'u~ the MOR(GAGfE, and windsto~m insurance in ~he usval standard pol,cy fwm, in a sum approved by the MORTGAGEE, in such canpany or compan~es as the A10RTGAGEE may direc~; and all iire and w~nditorm insurance poficies on any of iaid build;ngs, any interest therein or pa~t Ihereo(, in the aggregate sum aforesa~d o~ in excess therK+f, shall contain the usual standard mortgagee clause w such other dause as the Mo~tgagee may reqw~e, maA;ng the loss under said poli~ cies, esch and every, payable fo s~id MORTGAGEE as its l~tereit may appear, and each and every such poticy shall be promptly ~ss gned and detivered ~o any held by said MORTGAGEf as furthrr security to said mortgage debt, and, not less Ihan te~ (101 days in ad+ance o( the exp~rat7on of each policy, to de- liver to said MORTGAGEE a rc~ewal thcreoi, toyetF.ar wilh s reteipt fw 1he premium of tuch renewal; and there shall be no fire or wi=~dsto~m insurance t placed on any of said buildings, any interest therei~ or part thereof, unless i~ ~he form and wi~h the loss payable as aforesaid; a~d in thr event any sum of mo~ey becomei payable under iuth poliq w potiues said MORiGAGfE shal! have the opt~on to receive and apply tha same on account of the indebted- neu setured hereby w to {x~mil saed MORTGAGORS to rcceive and use it w any part thereof for oti~cr pu.pcscs, v.~ihout th;+~u~ wo~vin3 0. ~mpain ' ing any cqu~ty, Iien w rtght ~nder or by virlue of thi~ mo:tgage; and in the event sa~d MORTGAGORS ahall for a~y reason ta~l to keep the sa~d premisrs so insured, or (ail to deliver promptly any of said pol~cies of insurance to said MORTGAGEE, w fail p~omptly 1p pay tutly any premi~m therefw or in any respect fail to perform, d~scharge, execute, effect, complete, comply wi~h and abide by thts covenant, or any part hrrec(, said MORTGAGEE may place a~d pay iw such insurante or any part thereol without waiving or affecting any option, lien, equiry, or righ~ under or b~r virtue of this Mortgage, and fhe full amouro of each and every such payment shall be ~mmed~ately due and payable and shafl brar interest from the date thereof u~til paid at the rate oi nine per cen!vm per ann~m and :o~ether with such interest s:iali be setured by the lien of this moctgage. 1. To permit, commit or suffer no waste, impairment o? deterioration of said properry w any part the~eof_ 5. To pay atl end singutsr the cosfs, charges and expenses, including a reasonable attorney's fee and costs of abstracfs oi title, incurred or paid at any time by sa~d MOP.TGAGEE, because w in the event of the fa~lu?e on the part of ~he said MORTGAGOR to duly, promptly and fully perform, d~scharge, executr, affect, complete, comply w~th and ab:de by each and every the stipulations, agreements, condi:ions, and covenanrs of sa~d p:ani:sory note and this mwlgaga any or either, and sa~d costs, chargcs and expenses, each and every, shall-be immediately due and payabte; whether w nof there be no~;ce dr mand, attempt to collect or suit pencl~ng; and the full amo~nl of each and every such paymeM shall bea. inreresl from ~he date thereof untit paid at the rate of nine per centum per am~um; ana all said costs, charges and eapenses inturred or paid, together ~v~th such interest, shall be setured by ihe lien of Ihi~ mwigage. 6. That (a) in tlw event of any breath of this Nbrtgage or defaull on the pa~t of the MORTGAGOR, or (b) in the event any of said sums of mo~ey herein referred to be not promptly ared fulty paid within thirty (30) days next after the same severa;ly become due and payab!e, without demand or notice, or (c) in the event each and every the sliputations, agreements, conditio~s and c=Yerta~~s of sa.d prom;ssory note and th~s mortgage any or either are no1 ~uly, promptly and fu)ly performed, d~xharged, executed, effected, compteted, compf~ed wifh and ab~ded 5y, then in e~ther or any such event the aaid ag- gregate sum mentioned in said promisswy note then remaining unpaid, with interesl accrued, and atl moneys secured hereby, shall become due and pay able forthwith, w thereaite?, at the option of said MORTGAGEE, as fully and completety as if all of the said suma of money we~e originalty stipulated ' to be pa~d on wch day, anythirtg in sa:d promissory r?ore or in this Motlgage ?o the conuary notwithstanding; and thereupon or therealter at the opt;oo of ' said MORTGAGEE, without notice or demand, suit at law w in equity, tF~erefore w thereaiie~ begun, may ~e prosetuted as if all moneys secured hereby } had matured pnor to its institutio~. f 7. That in Ihe event tFat at the beginning of or st any time pending any suit upon this Mortgage, a to fore-lose it, w to reform it, or to enforce payment of any ciaims hereunde~, said MORTGAGEE shall ap~.ly to the Court havi~g jur~sd~ction thereof for the appo~ntment of a Rece~ver, such Court shall ~ forthwith appant a rete~ver of said mwtgaged prooerty all a~d singular, includ,ng atl and singular the income, p~oi~ts, issues ar.d revenues frum whatever source derived, each and every of wh~ch, it being eapressly understood, is hereby mortgaged as if spec~fically set forth and deu~ibed in the granting a~d i habendum clauses hereof, and such Receive? shall have a11 the broad and effective funct,ons and powe~s in anywise entrusted by a Court to a Receiver, and y suth appointment shall be made by such Court as an admitted equify and a matte? of abwlute r"~ght to said MORTGAGEE, and without refererxe to ihe adequacy or inadeq~acy of the value of the property mort~aged or to the 301VeMy or insolvency of said MORiGAGOR w Ihe defendants, and that such renrs, profits, income, issues and revenues shall be applied by such Receiver acco~dmg to the tien or. equity ot said MORTGAGEf and the practice of such ~ Court. 8. To d~ly, p~omptly and (ully perform, diuharge, execute, effect, complete, comply w~Ih and abide by each and every the stipulatio~s, agreements, i conditions ar.d covenants in sa~d promisswy note and this mortgage set fwth. 9. That in the event the ownership of the nwrigaged premises, a any parT thereoi, becomes vested in a person other than the MORTGAGOR, the MOR7GAGEE, its successors and assig:,s, may, without notice to the MORTGAOR,. deal with such successor w successor i~ interest with reference to this mortgage and the debt hereby setured in ihe same manner as with Mortgagor without in any way vit~ati~g w dixharging the Mortgagors' iiabitity herc - under or upon the debt hereby :ecured. No sale oi the prem;ses ?~ereoy martgaged and no forbearance on the part of the /~10RTGAGfE w its successws or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORiGAGEE or its successors or auigns, ahatl operate to release, d~scharge, modify change or aff~ct the original liability of the MORiGAGOR herein, either in whote ~r in part. 10. It is spec~ficaliy agreed that time is of the eszence of this contracf and that no waive~ of any obligat~on hereunder or of the obligaYwn sc cured hereby shall at any time thereafter be held to be a waive~ of the terms hereof or of the instrument secured herby. • 11. In add;t:o~ to the fo~ego ng monthly payments of princ"pa~ and i~terest required by the prom~ssory ~ore secured Fxreby, mortgagor covenants and agrees to pay to mongagee with each monthty payr.ieM an add~~Ional sum esrimared by mortgagee to be equal to l~' 12 of the annual cost of tbe follow- ing: A-Atl real property ta,crs levied or assessed agaiost the above described real estate. ; S B-Prem~u:~s o~ fire and windstorm insurar.ce as herein requ~~ed to be carried on the ~mproveme~ts s~tuate on the above described premises. C-Premiums on svch mortgage guaranty inwru.ce as mortgagee shail fram t~me to ti~ne deem fit to carry on the loan secured hereby_ Morrgagee shail from fime to time norify mortgagor in writing'of the amount due and payable hereundrr and such sum shall thereupon be dve and payable on the due date of the next- monthly payment and each successive month thereafter ur,til martgagee shall natify mortgagor of a change in such amount. Such sums shai~ ne appfied by mortgaqee toward ehe pay~ment af rea! property taxes, insurance prem:ums, and morlgage guaranty insurance premiums_ IN Y~ITPJES~ NHER~OF, the said MORTGAGOR has FiLqn~ s~t his ~~~~~e day and year firsl aforesaid. Signed, Sealed a eliver d in the presence of: t ~VIJ - ST. lUC1E COUNTY. F(.A: ~ R~ CQP..`~ t~~Rt=1~0 , aq lf~sc_- ',.~2Jg~ • ~ •o '70 APR 2 3 PM 2' 44 .'n ~ SiATE Of FLOQiDA ' ~ ' + couNnoF St. LuCie ~ ~~r-a ITR.ASr~ -`~v - _ ; ' Before me personally appeared W. Ci. Q~}(,T COURTt , ti' - E louise S . Padrick - « ~~`7' ~ ~ his wife, to me weN knowp s~JcrJpuvit tp,~e fp,-bQ~~ the individuals described in and who executed the foregang instrumtnt, and a:knowledged before me that they executed tFfg i~ie,~or th~piifp0ys~' ~herein expressed. And the said._ ElOi115@ Padrick w~ie of the said G. PddZ1Ck JZ. vpon a iEpsi~fq,ana,prlvat~ examination by me taken separate and apart from her said husband scknowledged to and befwe me that she executed said instrumenf f~eeJY ind voturt- tarily and without any compuliwn, constraint, apprehension, a fea f w. from her said husband. WITNESS my hand and official xal thi day A r. A. D. 19 7O b 41 ~ ~j' ~c ~ t L A Nota blic in and or the State of Fbrida af large V F-. DOCUME Tdp ~ST/~ll~Sp 1 i`.iC My eorn,.?Naion eapires: _ ~ ; ~ Z = -'.i ~ = APR23'70 `CH ~ ~!41~iL~ FYDLIY~ STGiE ~F FIC,S.DA AT LAH&E ~ ~r z- ' ' MY COMMISSION FJCPIRES NUV. 19, 18TL ~ ~ _ 7 5 0 0= cAMPTP.CLLER~~^~ JONOEO TIIROU6N FRED N. ~f~F9TELMORi. P.B.25or3s r~~~sy- ~ r F~CFIY~D S__LL_'(1_1 IN PAYMEf~T Qf TAXES 'l, : CJE Q~1 CLASS 'C IiVTANGlBLE PERSONAl. P;tOPERTY„ t ~ This Instrument Prepared By J. D. Cha~tain p~~•~~~~~i i0 CNAPT~R 20724, ACiS OF 1941. F+rst Federa! Savings 8 Loan Association f:JG-R POI~RNS, Clerk Cirtuit Coutt of Fort Pierce, F Ior ida as Age^t for 0~'.NIEL N. KPIOWLES~ J : Checked By ~ St La~ie Co~.ty Tax Colledor ~ aQ 3 BOOR 1C34 PAGE ~ By ~ ; _ . . cf ~ ~ _ ~ _ . _ . . _ . ~ ~~~a-- __y _ - _ ~