The URL can be used to link to this page

Home My WebLink About2219 9. To p~ace •nd co~tinuously kcep on ~he bu~idmgs now o~ hereaher ~ifuete on ~ad land and o~ ell cquipment and pe.son+lty covsr~d by thi~ ma ~yt, w~th •II p~emiums thereo~ pa~d m iull, li~e ~n~vror.cc ~he .,suai ~?a~de~d pot;cy form, in a tum ~pp~ov~d by ~he MOR(GAGEE, a~~d windti~o insurance in the usual ~tandard pot~cy (a~n, in a sum aF:proved by ihe MORTGAGEE, in ~uch company o? companies ~s ~he MOtt1GAi'sEE m direct; •nd all iirs and w~ndstorm i~surence polic~e~ on any of seid build~n~s. ~ny intere~t therein or part thereol, in Ihf agg~e9a~~ tum atoreuid in exceu thereof, fhsll coNain the usual stendard ~nwtg~gee dause or such mher clauss +s the Malgage~ msy requ~rs, m~Minp Ihe +osf und~~ sa~d po cies, each and every, payab~e to aaid MORiGAGEE as ~ta inte~cat may ~ppear, ~ncl each and eve~y such pol~cy shall be prompHy gned aod delivtred ~ •ny held by ss~d MORIGAGEE as further fecu~ity ~o se~J nw~tgage drbt, and, not less 1Mn ten (101 days in advance oi the expiration of each policy, to d~ IivN to said MORTGAGEE e rancwal thcreof, toge~he~ with a rece~pt for the premium oi such renewal; and there shall be no 11re or wind~lorm insurant pleced on ~ny of said build~n9s, any interest Iherei~ a~ui~ Ihcreof, unlcas in the form and with Ihe ~osa payabk as a(oreseid; and in tht •venl +ny ~un of money become~ payable under su<h policy o~ poliues said MORTGAGfE ah~11 have ~he opt~o~ ro receive and apply the wme on accovnl of the ind~ebted neu secured hpreby w ta permit sa~d MORTGAGORS to receive end u~~ it a any part thereof for o!her purpotrs, wi~houl IF~^IfD/ waivi~ig or unp+~~~ inp any pvity, lien or right u~der or by virtue of this mo:tg+ge; and in ths even~ s~~d 7NORTGAGORS ihall for any reason fail to kesp ~he said p~emises so ins~red, or fail ro det~ve~ promptly any of s.+~d polK~ri of ins~rance Io se~d MURIGAGEE, w fail promptly ~o pay fully any pro~~~um therefor o~ in a~y respect tail to perfwm, d~scharye, execute, e(fect, complete, co~nply with snd abide by thii covonant, w eny pa~r horeof, said MORTGAGEE may place a~d pay fw suth in~urante ot any part thercof without vrairing w affectirg any option, lien, equity, or right under o~ by virtw of thit Matga9e, •nd Iht full amouro of aach a~d e~ery such paymem shall be ~mmedmtely due and payable and shall besr imeres~ from the d~te Ihereof until paid at ths ate of nine per centum per annum a~x! to~rth~~ w•~~h such inrerest shali be secured by the lien of thii mwtpage. t. To permit, commit or sut(er no waate, impairment w dete~ioration oF said property w any parf thereof. S. To pay all and sirgular the cos~a, charges and cxpe~~ses, in<luding a reasonable at~or~ey'i Fee and costa of abstracts of ti11e, incurred or paid at a~y time by said MORTGAGEE, betause w in the eve~l of ~Fu (aiture on ~hr part of the said MORTGAGOR Io duly, promptly and futly peafwm, d~stharge. exccute, etfect, tomplets, comply w~th and ab:de by each and e~eery the ~tipulat~ons, agreements, condilions, and tovenants of iaid promissory note and thi~ mwrgage any o~ either, and sa<d costs, charges and exNenu:s, each and every, shall be immediately due and payable; whether p not there bs notite de mand, atlempt to collecl pr suit pend~ng; and tha ful? a~nount of each and every such payment shall bear inte?est from the date thereof until paid at the r~te o~ n~ne per centum per annu:~; a~d all saiJ cosb, charges and caµrnses incu~rcd a paid, togeiher w~th tuch interesl, shall be ucured by the lien of this m0l1~~l. 6. That (a) in 1he eveM oi a~y Weach of thii Mortgage or default on the part o( the MORTGAGOR, w(b) in the event ~ny of sa;d sums of money herein referred to be not promptly and fully paid withln ih~rty ~30) days ncat aiter the same severally brtome due and payable, without demand or notice, or (c) in the e~em each and every the stiputatic~s, agreemeMS, cond~nona and covenaro~ of sa d promiawry note and th~~ mortgage any a eitAer sre not ~uly, prompNy a~d fully performed, d;schargrd, execvted, effected. canp:eted, canpl~ed with and abided Sy, It?en in eitlxr or any such eveM th~ t~id a¢ g~egate sum mentioned in said promissory note then re~naining unpaid, with interest acuued, and ail moneys secured hertby, sh~~l become dW and p+y~ eble forthwith, a thereafter, at the opt~o~ of sa~d h10RTGAGEE, as fuily ard complerely as if ~II of 1he aa~d wms of money were o+i9~na~ly stipuleted _ to be.pa~d on auch day, anything in sa.d promfsso~y note w in eh~s Morrgage to the contrary notwithstanding; and lhereupon or thereafler at the opl~on of said MORIGAGEE, w~thout nonce or demand, suit at taw a in equ~ty, therefore o~ therea(ter begun, may be prosecuted as if all naoeya satured Ixreby had metuted pnw to ~ts imtitut~on. 7. Thaf in the event that at the beginning ol o? at a~y time pending any suit upon this Matgage, w to fweclose it, or to refwm it, or to enforq paymenl of any :iaims hereunder, said MORTGAGEE shalt apply to the Court having ~u~nd~ction ~hereof for the appo~n!ment of a Receiver, such Go~rrt sMll Forthw+th appoint a~eceiver o1 said mor:gaged property all and singular, includ,ng all and s~ngular the irtceme,. p~of~ts, iuues and revenues from what@ve? source derived, each and every af wh~ch, it be~ng eapressly underarood, is hereby mortgaged as if speufically xt forth a~d destribed in the graMinq and habendum clauses Aereof, and such Receiver shali have aIl ~he broad and etfecrive f~nct,ons and powcrs in anyw~se entrusted by a Court to a Receive~, ~~d s~:ch appointment shall be made by auch Co~rt as an ad:nitted eg~ity and a matter of absot~te ~ight Io said MORTGAGEE, and wi~hout refererxe to the adequaty o? inadequacy of the val~e of the property mortgaged or to the so~vency or ;nso~.~ency o( said MORTGAGOR or the defendants, and that such rents, profits, incane, issues and revenues shail be applied by such Receiver accord~~:g io the lien or equity of iaid MORTGAGEE and ihe pr~ctice of sutA Co~rt. 8. To duly, promptly and fully pe~fo~m, discharge, ezec~te, effect, complete, comply w~th and abide by each and every the stipulations, sgreementt, conditions and covenanrs m sa~d promisswy ~ote a~id ~h~s mortgage set forth. 9. That in the event the ownersh:p of the mortgaged pren,~ses, or any pa~t thereo(, becort+es vested in a perso~ othe~ than ihe MORTGAGOR, the MORTGAGEE, ~ts successors and assigns, may, w~~hout no~~ce to the MORTGAOR, deal with such successor w successor in iMerest with reference to this mortysge and the debt hereby setured in the same manr~r as with Mortgagor without in any way vitiating or d~uhargiru,~ the Mortgagori liability herr under or upon the debt hereby secured. No sale ol the Frem~ses he~eby rnor~gaged and no iorbearonce o~ the pert of the MORTGAGfE or itt suttessors or assigns and no extension of fhe time for the payment of the debt he.eby secured given by the MORTGAGEE or its successwt w assigns, shal) operate ro release, d~scharge, modiFy change or afiect the orig.nal lia~~:~ty o4 the MORTGAGOR herein, either in whole or in part. 10. It is spec~iica~ly agreed that time is of the essence of this contract and that no waive~ of any obligat~on hertunde? p of the oblig~tion se- cured hereby shall at any time thereafter be hefd to be a wa~ver of the terms hereof o~ of the ir.strument secured herby. I1. In add,tion to the forego'n9 ~nor.th!y µayments of princ pa! and interest requ~red by the prom ssory note secured hereby, mortgagor eovenams and agrees to pay to mortgagee ~~ith eath mo~th"y pay~..ent an adJ~+ional wm est•mared by mortgagee to be equal to 1/12 oi the annual cost of the foibw- ~ng: A-All real p~operty taxes lev;ed or assessed aga~~st thc above described real euate. B-Prem~u~ns on fire and v~~ndsto:m ~nsu.arce as here~n req~:.ed to be carried en the ~m;,rovements s~tuate on the above described p?emises. C-Premiums on wch mortgage guaral~ty ir.swa~::e as mortyagee shait from t me ta timc deem fit to tarry o~ the loan setured hereby. Mo~tgagee sha':1 from tin,e to t~me nor~fy rr~crtgagcr ~n wr~t~ng of the ar.,ount due and payable hr~eunder and svch sum shail shereupon be due ~nd j cayable on the due date of ~he next momhiy payment and each s~ccess~ve moMh thereaf~er u~-,til mortgagee shall notify mortgagw of a chan9e in such j a~^ount Such sums sha:l be app:ied by mortgagee ~o~Nar~ tne payment of real property Raxes, insurance prem:ums, a~id morigage gwranty insurince j premiums_ ~ . E I WITNE55 :1iNEREOf, the sa~d MORTGACn`~R has hereunto set his i~and and seal 'the day and, year firsl afwesaid. ~ ( S" Sealed and deliver t esence ot: F~~E~ AN~ RECOR~EO ST. LUCIE COt1NTY FLA. I ~ q ~ _ _ ROf f ~ QOITR~S ~ CIERIt C~{CU~T COURT RECOftO vE~~F1ED~ (Se+4 rs.,q - S i ATE OP FLORIDA SEP ~ I 12 ~3 PM I ' 2158'78 C~JUNTY OF St. J~1C~6 j Beiore me penonat~y apPeared __~8I1~@8C0 PA11alb0 ~nd Haria P$Zl$lb0 his wife, to me well known and known to me to b~ the individwts deacr~bed in and who executed the foregoing i~strumem, and acknowtedyed befwe me that they eaewted the same for tht pu~poses ~here;~ expressed. And the said I~I~~S P811~b0 ~~r~ or rh. sa~d - FPariCASCO P81tffihS? ~Por, a,,~±+•.a .~d p?~?+h e.aminat~on by me raken uparate and ay~art from her sa~d husband, acknowlcdged to and befwe me that she exetuted said inttrarr~df~1,~lely_arld'11p1w1~ ~ rar~iy and w'rthout any compulsion, consvaint, apprehen .Rn, or (ear of or irom he~ uid husb~nd. T~ ~ WITNESS my hand and offc~al seal th;z__~~______-_._ day of____ e - ~/1. D,. U9~ i~ ~ . . ~ - Nota y Public in and t Stit4'pf,~F ~ ,jf l~ir : Ca ~ My Comm~saion exp'ues: : , J : t . Retu.n To: ,v,`(;e!i^t~° ..'3~ F~;;SIICpAlrll~ . t~~~ First iederal Savings b Loan Assoc~at:on 'M~. :.a~•. - ` ?.j ; 'f'•. . Oi Forr P..,ce (~~'~~nL IKSLtV~~l.iG ~::V:iLtl~Yf~j~ ~Q' t~ t'-• ~t Fort ~irrce, ftcr~da , ~ J ~ =1 . 7 This Instrument Prepared By J. D. Ch8St81A First Federat S~vings b Loan Association of Fort Pierce , iTlorida Checked By ___go~K 195 PA~221? ljs - _ - _ - _ - - ~~v=~~