The URL can be used to link to this page

Home My WebLink About1551 3. To pl~ and continuovsly ketp on the bui!dings rtow w Mr~aftM ~ituat~ on sa~d I~nd and on all equ~p~nent and personaily cove~ed by thi~ mort9- p~, with dl prtmiums Ihcr~or? paid in fu~t, fire insurance in IM usual standsrd po~icy lorm, in a tum approvtd by the 11AOR1GAGEE, and windstorm insur~~+t~ in tM usw) fuoda.d poGcy fam, in a sum approved by• tM MORIGAGEE, in such company or con+pan~es as the MORTGAGEE may d'u~uj ~~d ~II fir~ ~nd w~nds~o~m insu.a~ pol~uei a+ any af ~a~d bvild~nps, any interest ~here~n or part thereof, in ~he agy~ey~~e sum aforeia~d or In ~xceu thereof, iMll conrain ~he usual s~andard matgage~ clause w such other c~auss ai the Mortyayee may requ~rs, making ~he lo~s unda. sa~d po~i~ cies, each and every, payable ro ~aid A10RTGAGEE +s its intereit may ~ppear, •nd each and cvery such poi~cy shall bs promptty ass gned and de~ivercd to eny held py faid MORiGAGEE ~i (urihe~ secur~ty to said nw.tq:ge debt, and, not leu than ~e~ (10) days in advance o( ~he expirat~on of each poticy, to da IivN to Nid MORTGNGEE a renewal thc~eof, to~elMr with ~ reteipl fw the premium o( auch re~ewal; and ~here thall be no i~re o~ windatorm insurance plat~d on any of said buildings, any imeresl lherein p p~~t the~eof, un~eu irt tM form a~xl with the loss payable as aforesaid; and in the event any sum of monay becomei p~yeble under such policy w policas ssid MQRTGAGEE sha~i fiave ~he opi~on lo receive and apply ths same on account of the indeb~ed neu secur~d hKeby w 1o permit said MORTGAGORS to receive ar+d us~ it w any part ihereof for o~hrr pu~poses, w~~ho.,t th,nui waivi,~ or unpair- iny any puity, lit~ or ~iyht unda or by virtw of thii mo:tgape; u+d in the ~ven~ sa~d MORTGAGORS shall fw any reason fail to keep the said p~em~sei so insured, p fail b d~liva promptly any of said potK~es of ins~rance to iaid MORTGAGEE, cr fail promptly to pay fully any pre~n~um ~herefw or in a~y resped tail b p~rfam, d~uharge, execute, tffect, comp!ete, compty wirh sr?d ab~de by thls covenant, a any part hereof, aaid MORTGAGfE may place a~~d pay ia such insuranc~ or any part t1+Neo( w~thout waivinp or affectin9 any opt~on, lien, eqv~ty, or r~ght under a by virrue of this Matgage, and the full anwunt of each and ~vNy such paymenl shall be immedi~teiy dw and payable and shall baar interest trom tha date thereol until paid at the rats oi nin~ pN te+?tum pN annum and togethe~ with tuch inte+est shall be secured by the lien of thii mortgage. 1. To permit, commit w sufFer no waste. impa'urrKnt w deteriwation of said property or any part thereof. S. To pay ~II and sie~yular the costs, cMrpe~ ~nd t:paues, including a reasonable attorruy's fce and costs of absfractt of title, incurred or p+id st eny time by said MORTGAGfE, becavse or in the ~v~nt of the failure on the pa~t of Ihe said MORiGAGOR to duly, prompHy and futly periorn:, d~scharge, execut~, effect, complet~, comply w~th and ~b~de by each ~nd eve~y the s~Ipular~ons, agrerments, cond~t~ons, +~d covenants oi u~d promiswry note and th~s mon9ag~ any w ei?hsr, and taid coars, chuges and expenxs, each and eve~y, shall be immediately due and payabfe; whether w no1 there be no+~ce dr mand, attempt to colkct or suit pendiny; and the full amounl of each and every such payment shall bea~ interest irom ~he date lhereof until paid at the rate of nine per «ntum per annu:n; and all wid costs, charges and ezpenxs incurred w paid, toge~her w~th such imerest, ~hall be aecured by ths lien of ~h~s nwrt~a~f. 6. TMI ir? the event of eny breach of this N1o+tgaye a default on the part of the MORTGAGOR, or (b) in the event a~y of satd sums of mo~ey hereio refrred to be aot promptly and ivlly paid wirhin thuty (30) deys rsex~ ai~c-? tha sa,ne severaHy becwne Jue and payable, wi~ho~f demand w no~ice, or (d in the event eacA and eve~y ~he sGpulations, ag~eemems, cond~tions and covenanrs of sa~d promisso~y no~e and th:s mortgage any or e~ther are no~ ~uiy, promptly and fully pe~fwmed, d~scharged, executed, effected, completed, compiied witA and ab~ded S~, then in e~ther a any such event ths ia~d ~g gregate sum mentaned in said promissory note then remaining unpa~d, with interest accrued, and atl moneys securad hereby, sfiatl become due end pay- able forthwith, w thereafte?, at the option of said MORTGAGEE, as fully and complerely as i( afl of the said s~ms of money were aginally st~pulated to bt pa~d on such dsy, anything in sa:d prom~sswy note w in ~his Mortgage to the contrery notwithstanding; and thereupon or tlKreaiter at the ophon of said MORTGAGEE, without notice or demand, suit at law or in equity, thereFore a thereafrer begun, msy be p~oxcuted as if all moneys secured hereby had m~tured pt~p to ~ti institutan. 7. That in the evcnt that at the beg~nning of w at any time pending any suRt upon this Mo~~gage, or to foreclou it, w to reform ir, o~ to enforce payment o1 •ny daims her~under, said MORTGAGEE shall apply to the Court having ~ur~sd;aion ~hereof ior the appointment of a Receive~, such Court sMll forthwith sppoint a receiver of said mo~tg~ged prooerty aIl and singular, includ~ng all and singular the income, pr~b, ii~sSls ~d revenues from whatever sovrce derived, exh and every of wh~ch, ie beiny exptes~ly underseood, is here~ mo~lgaged af if .fpK~f~eafFy xt•forth and desdib~d in Ihe granting a~d habendum c:auaes hereof, and such Receiver shail Mve a!1 the broad and eflecrive funct.ons and powe~s in anyw~se entrusted by a Court to a Receiver, and such appointmaU shatl be made by such Court as an admitted equity and a mauer of abso~ute r~ght ta said MORTGAGEE, and w~thout re~erence to tF~e edequuy a i~adequacy of the value o( the properry morsgaged or to the sa~vency ot +~solvency o1 ssid MORiGAGOR or the defendonrs, and that such rents, proiits, income, issues and revenues shall be applied by such Receiver accord~ng to the tien or equity ot sajd MORTGAGEE and Ihe practice o( such Court. . 8_ To d~ty, promptly and fuily perform, dixharge, execute, effett, complete, compiy with and. abid'i Sy ead+ and every the stipulatio~s, agreerrKnts, conditiorts and covenants in sa~d promissay note and this mwtgage ses forth. _ v 6 9. That in the event the ownership cf the mortgaged premises, a any part thateof, ?eoonl~s :~f/sd •ii1 ~a Q~?sow other th~n the MORTGAGOR, the MORTGAGEE, its tuccessors and assigns, may, without no~ice to the MORTGAOR.~~~.y~itit sucfi succeuor oi s~eMwk1{n'~ntlreat-~rith relere~ce ro this' mo.tgage and the debt fKreby setured in the same manner as w~th Mortgagw without in any way vit~stin9 d d~scharg~ng the Mor~gagors' lesbi:ity Aerr under or upon the debt hereby sec~red. No sale of the Frem~xs hereby mortgaged and no forbcarance o~ the part oi the 1hORTGl.GEE or its s~ccessors or ass~gns and no exrens~on of ~he time fw the payment of the deb+ he.eby sec~red g~ven by the MORTGAGf~ or its successws or au;gns, shall operats to release, d~scharfle, modify change a affect the original liabdity of the MORTGAGOR ;xre~n, tither in whole w in part. 10. It is specificaiiy ag~eed that time is of the esunce of this contract and that no wsiver of any obl~gation hereunder or of the obligaYan se- cured hereby shatl at any time thereaher be held to be a waiver of the terms he~eof w of the instrvment secured herby_ 11. In add:flo~ to the fwegar.g mon~hly payments of princ pal and interes~ requued by the p.or*+;sscry nore secured hereby, mortgagor covenams ar.d agrees ro pay to mortgagee with eath mon~hly payrne~t an add~nonal sum es+~~,a~ed by mortgagee to be eGual to 1~ 12 of the annual cost af the foltow- ~ng: A-Ati ~eal property taaes levied w assessed against the above described real estate. B-Prem.~~ms on i~re and windsterm insurarce as herein requ:red to be carried on the improveme~ts situate on the above destr~bed premises. C-Prem~vr-.: on svch mortgage guaranty ir.suronce as mortgagee shall from t me to time deem fit to carry on the toan secured hereby. MOrtgagee sha;t frem time to time n~tify mortgagor in wr~t~ng of the amovnt due and payable hereundr? and such surn shall thereupon be due and c ayable on the d~e date of the next monthty payment and each succassive moMh thereaher until mongagee shali notify mortgagor of a change in such amount. $uch sums sFaif be app!ied by mwtgagee toward the payment of real property taaes. insurance prem,ums, a~~d mortgage g~aranty inwrance premiums. f N WITNE55 WHEREOF, the ssid MORTGAGOR has Frereunto xt his hand and seal the day and year first foresaid. ~ ned, Se and de1' in prese*+ce of: flLEO ~tR9 lIB4,Q_R~~~ . ~ - at. wctE COU~~iT c~ ,p E aocER po~rR~a c~.~ciricks , «a„ ` CLERR CiRCU1T COURt ~ RECORD YERIFIEO..~- ~ ~ ~ ~•f'^ : Bess `~~e-Tl- end ic cs ~~~i~ ~ A~ !1 10 3s AM'T ~ ~ STATE OF FLORIDA ~ ~ St. Lucie _ 207247 couNn oF ~ before me personally +ppeared C. Hencjricks ~ Bessie Hen~'ricks his wife, to me welf known end known to me to b~ „ the individwli described i~ and who f7[KUtld the fwcyang instrument, and atknowledged befwe me that they eaecuted the sartx for the pvrposes ~ r?,e~em exp.essed. a,d rh. sa~d I3essie HendrickS ~ wile of Ihe said C- Hendricks , upon + sepa~ate a?~d private p eaamination by me taken separate and apart from her said husband, acknowledged fo and brfwe me that ihe exetuted said instrument treely and vo7urr ; ranly and w~thout •ny compvlsan, constra~M, apprehens~apjor fear of a from her ssid husband. , WlTNE55 my hand and offic~a~ seal thii~ u~ day of T11 A. D. 19~_ ~ L/ Notary Public i d w t Sute of Plorida ~t l~rge My Comm~ss expires~~ ~ ~ ~ Return To: (O ~ fint Feder~l Savingi a loa~ Associanon . - ~ , ~t e ; Of Fort P.erce. , " .4 ~ ' ' ~ ~7~~ ~ Y Fwt P~erce, flonda r.• s:.~ ~ : ~ c..:+.. )r .~.cu~...t, : y 8 14yiR! ~ ~ ..i `i - _ ; . C L' q _i; r~~t ~_.'T.~'.~; . - ~ . ~ ~ ' ' - ~ This Instrument Prepared By ,1ohn t~ . Co 1 I fst$ Q~_ ~ _ First Federal Savings b loan Association _ - ~ ; of Fort Pierces Florida • e l7~ t ~ Checked By . 3 ~ - g~~~ ~91 1~4~ - a; , _ _ . ~ _ , . - ~ -