The URL can be used to link to this page

Home My WebLink About2714 3. To place and continuously keep on the bui'dings now or hereafter ~ifuate on said land and on all equ~p~nem and persunal:y covered by this mo~~q- ege, wi~h nll premiumf thereo~ paid in iull, iire ineurance in the uaual stondard policy form, in a sum app~o~ed by the MORcC,AGEE, and win~lstorm lnsurante in the usual uandard pofcy torm, i~ a sum app~oved by ihe MORTGAGEE, in such company or companies as tF.e /.iOR1GAGEE may dn¢;~; and afl fire and windstorm insurance policies on any of sa~d build~ngs, any interest lherein or part thereof, in the aggr._gare s~m aforesa~d o~ in eacess ~hereof, shal! :ontain the usual standard mor~gagee da~se or such other clause as ~he Mortgagee may requ~ro, making the toss under ~a~d po~i- cies, each and every, payable to said A10RTGAGEE as its ~nterast may a~pear, and each and eve~y suth policy shall be promptly ass g~~ed a~~d de~ivered to any held by saEd MOR(GAGEE as furthe~ security to said mortgaqe debt, and, not Itss than ten (10) days in advance of the expirat~on of each {wl~cy, to de- Irver to said MORTGAGEE a renev~al thereof, together with a receipi for Ihe premium of wch renewal; and ~here shall be no iae or w~~~dsto~m insurance ptaced on any of said buildings, any interett therein or parf the~eof, unless in the fo~m and whh tne loss payable as aforesaid; and in the evem a~y wm of money becomes payable under suth policy w policies said MORTGAGEE shatl kave ~he option to reccive a~:d apply the san:e on atcount of the indabted• ` ness secured hereby or ~o permil aaid MORTGAGORS to receive and use it or any part thereof for u,i,.~r purEOSes, ,.n~ .~t fh u; .c cr ~~~,p..~~• ing any equity, lien or right under or by virtue of this mo:!gage; and in the event sa~d MORTGAGORS shall toi any reason iai! lo k~ep the sa~d premises ao ins~red, or fail to deliver promptly any of said policies of insurance to said MORTGAGEE, or foil prompily to pay fu~ly any pre~~u~m thcrcfor or in a~y resped fail to perfwm, discharge, e:ecute, ef(ect, complete, comply with and abide by this cove~ant, or any pa~t herec+f, s~id MGRTvAGEE may place a~~~ pay fw such insurance er any part thereof without waiving a affxting any option, lien, equity, or riyht under or by vi~tue o( th~s Mor~gage, an~ the full a~nount of each and eve:y such payment shall be immediately due a~d payable and shafl bear interest irom thQ date thcreof u~~til p~~d at the rate ol mne pe~ centum per ann~m and to~ether with such interest shatf be secured by the Gen of this mottgage. To permit, ccmmit or suffer no waste, impairmrnt or deterioration of said proFerty or any part thereof. 5. To pay all and aingular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of t~fle, inc~r.ed or paid a~ any time by said MORTGAG;E, kxcausc or in the event of ~he failure on tne pan of ~he said MORiGAGOR to duty, prompNy and fulfy pr~form, dncharge. execute, e~fect, comptete, comply with and ab:de by each and every the stipulations, agreen,ents, cond~tions, and covenants of sa~d promusory note and this i:o~rgage any or either, and sa:d cosn, charges and ezpenses, each and every, shall be immediatety due and payab,e; whether or not the~e 6e norice ds n~and, attempt to coilect or suit pendina: and the full amount of each and every such paymenf shall bear interest lrom the date theieof until paid at tiie r.:re of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be setured by the lirn oi thii mortgage. 6, That (a) in the event of any breach of this Mo~tgage or default ~on the parl of she MORTGAGOR, w~b) in the event any of sa;d s~ms of mone~ here~n rcferred to be not promptly and fully paid within thirty (301 days next a',ter the same severatly become due and payabte, without demand or nat~ce, er (c) in the event each and every the st~pulations, agreements, cond~t~ons and covenants of sa,d prom~ssory note a~~d th;s mortgage any or eiiher are no1 i~1y, promptly and ful!y performed, d:scharged, ezecuted, effec~ed, completed, cornplied with and ab~ded 5y, then in either or any s~ch event ~he sa~d ag- ~regate sum mentioned in said promissory note thzn remaining unpaid, with interest accr~ed, and ail moneys secured hereby, shalt becwne due and pay- ab:e forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully ared compl.~elv as if all of the sa~d sums of money were or~gfnaily s~~putated to be paid on such day, anything in sa:d promissory oote or in this Mortgage to the contrary notwithstanding; and thercupon or theieafter at the opt~on of s~:d MORTGAGEE, wi~hout not:ce or demand, suit at la~v w in equity, therefo~e or thereairer be9un, may be prosecuted as if all moneys secured hereby nsd matured pnor to ~ts institution. 7. That in the event that at the beginni:g of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reiorm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply Ic the Court having jur~sd~aion thereof for the appoinrnent of a Receiver, s~ch Courl shall fcrthwith appoim a receiver of said mortgaged prooerty all and singular, includ~ng aIl and singular +he income, p~ol~ts, issues and ~evenues from whatever so~rce de~ived, each and every of wh~ch, it being expressty understood, is hereby mongaged as if spec~fically set fo+th and described in the granring and habe~dum clauses hereof, and such Receiver ahall have all the broad and effec~ive funct.ons and powers i~ anywise entr~sted by a Cou~t to a Recriver, and s. c~ appoinrment shatl be made by such Court as an admitted equity and a matter of absolute rigM to said NORTGAGEE, and w~rhou~ reference to the adeq~acy o~ inadeq~acy of the value of the p~operty eno~tgaged or to the socvency or inso~vency of sa~d MORiGAGOR w the delenda~ts, and that svch r,-,rs, prot~ts, income, issues and revenues shall be applied by such Receiver accordmg to the lien or equity o} said MORTGAGEE and the practice of such Court. 8. To duty, prompt!y and fully per~orm, discharge, execute, effect, complete, comply wirh and abide by each and every the stipulations, agreementa, t conditions and covenants ~n sa~d promissory nofe and this mortgage set forth. 9. That in the event the ownership of the mortgaged prernises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h'.CRTGAGEE, its successws and assigns, may, without norice to the MORTGAOR, dea! with such successor or successor in interesi with reference to thn n o•rgage and the deb~ hereby secured in the same manner as w~th Mortgagor without in any way vit;ating or d~scharg~ng the Mertgago~i liability here- ;;rder w upon the debt hereby secured. No sale of the Fremises hereby mortgaged ar.d no forbearance on the part of tne IdORTGAGEE or its sutcessors _ e~ assigns and no eztension c the time fw the paymant of ihe debt hereby secured give~ by the MORTGAGE~ or its s~ccessors or ass~gns, al~alf operate ro re!ease, d~scharge, modify ci,ange or affect the orig~nal Iiau~I~ty of the MORTGAGOR herein, either in whole or in part. 10. N ia spec~fically agreed that time is of the essence of this contract and that no waiver of any ob~~gat~on hereunder or of the obligation se- cured hereby shali at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. g 9 y p y p p q y p y y, mortgagar covenaMS ~ 11. In add.hon to the fore o n month! a ments of rin[ al and interest re uired b the rom~sscr nore src~rrd hereb i d agrees to pay !o n:ortgagee v~~th each monrhiy pay~„ent an add~~~onal s~m est:mated by mortgngee to be equal to 1 12 of t;~e ~n:wal cost of the foiiow- ~ ' r. ~ : ' A-AIt real property taxr: levied or assessed agai•ist the a6ove describcd real estate. B-P<<•m ;,ms on fire and windsro~m insurar.ce as here~n requ:red to be carried on the improvements siruate on the above d:scr~bed premises. C-Premiums o~ suth mortgage guaranty inwrance as morigageP shail from t me to time deem fit to carry on the loan secured hereby_ i . ; Mortgag_e shaif from nme to time notify mortyagor ~n writ;ng of the amou~t due and payable hereundar and suth sum shail th~•reupon be'due and .able on the due date of the next month'y payment and each wccessive month thereafter uctil mortgagee shatl not~fy mortgagor of a chan~e in such o~nt. Such sums sFa:~ !~e applied by mortgagee toward the payment of real property taaes, i~sura~ue prem.ums, a~~d mortgage g~aranty insurance y{ ,•emiums. ! IN YJITPJESS YJH:R:Of, rhe sa~d MORTGAGOR has hereunto set his har.d and sea) the day and year first aforesaid. ~ S,ij ned, Seal and delivered in the presence of: ~ ~ i IA~ ~i~=~^ Q~' ~ al) { i , (Seal) F . ~G~r.t_ , i~/ - ~ (Seal) / (Seaf) € - ! ~ _~ATE OF FLORIDA ~ 55. . ~ COUNiY OF S7. UTCIB ~ F Before me pe~sonally appeared ~~=96 Welling snd ~ _ .7317@ Welling hif wife, to me well known and known to me t0 be the individuals described in and who executed the faegoing instrument, and acknowledged before me that they executed the same for the purposes ° rherein expressed. And the :aid .J~11@ welling ~ ~ :+~fe of the said - Cs~~=9e Wellinq , upon a separatE and privste examination by me taken xparate and apart from her said husband, atknowledged to and before me that she executed said instrument freely and volurn ~ rarily and witho~t any compulsio~, constraint, apprehension, or fear of or from he? said husband. ~ WITNESS my haod and official seal thi: r~ ~j ~ day of ~C Ob@= A. D. 19 70 Q ,D..i Notsry Public in snd fw the State of F{orida at Large ' ~Y CRL"t^ission ex_R~l.~i..ic ~r r~..:.~,1 A1 lAd~k ; Retum To: i'`' .,~~~M~«IN~+ MIS~ION EXPIRES SEPT. 23, 19]~ ~ ~ First fedenl Savings a loan Associat~on ,u~D iHRl1 ER~D ~ ~IESIELHOR~ ' E . 3 OI Fo~t Pierce. ,r~ ~~j.~~N.~~~~~~•~~~~~,, ~ fort Pierce, Flo~ida _ ~ ~Z'~ v ~ , i ~ . . _ J : ~ . 'j ~ ~~'^Q - - ~ FIIE~ ANa RECORDED Y • t. i..~"-' ST.lUC1E COUNTY FIA. r - , • , F-. ~ " ~ . ~G : ~ ~ Johfl COl1~ ' ~ ~ ' r,-~'~ - ROCER POITRAS : r This Instrument Prepared By ~4 - ~ • CLERK CIRCUIT COURT ' ~ First Federal Savings 8~ Loan Association " . % ~ % Q ; RECORO VEa1FIED.~-•~ ~ ~ of Fort Pierce ~ Floride? ~y%~~ i0 ~ t f Oct 11 ~M TO ~ ~ . . 5 Checked By - " ~ ' '200244 s.k _ f ~ . ~n . 18~ ~~"~1~ w ~ ~ , .a _ . - . - _