The URL can be used to link to this page

Home My WebLink About1993 3. To place and continuous~y keep on the ~~~~d~~~~s now ar he~eafter a~fuaie on sa~d land and on al{ eq~~pmrnt and persona~ly co~errd by thi: mor ege, w~th ali premiums ihtrro~ pa.d in f~ll, fire i~uwau:c ~n inc u3ual stor~ard po~ity form, in a s~m app~oved bY ihe MUR~v%.u"tE, a~~j wu~dsto ~nauronte in ihe usual srandard poLty to~m, in a Sum a~.proved by the MORTGAGEE, in such company or Compamzs aa tn~ htORT"vAGEE m dnect; a~d ali fire and w~ndstorm insu~an:e poLcies on any of sa~d buiid~.+gs, any in~erest ~herein or pa+t ~hereof, in the aggregate sum aforesaid ~ in excess thereof, s~ail :onrain the usuel srandard morigagee uauu or such o~her c~a~se as the Mo.tgagee may requ~re, making the ~o:s unde~ sa~d po oe~, each and every, payabte to se~d h10RTGAGfE as ~ts ~nierest may appear, end each and every such pohcy shait be prompUy ass gnrd a~~d de~rvercd any held by u~d MORTGAGEE as funher sec~rity ~o sa~d mo'Igege debt, and, nor leu than ten (101 days in advance of the e~p~~at~on of ea:h pohcy, to d~ I,ver t0 said !1tORTGAGEE a ronewaf thereof, together w~th a recr~pt for the premwm of s~th renrwal; end ~here shdll be no fde or windstu•m insuranc placed on a~y of said bui:d~ngs, any interea~ there~r. oi part the~eof, unleas in tht foim and with ~he loss payabte as aforesa~d: and in the e.em any sun of money becomes payable under such policy or poLcies sa~d MJRTGAGEE shall have the opuon to ~etc~ve and app!y tne same on accow~t of 1he i~ulantrd ness secured hereby or ro permit sa~d MORTGAGORS to receive and use it p any p~~r the:eof tor o:~~•~~ vu~; osrs .•.~~~»-~t •Y~'°"] °r ing a~y equny, lien p~ ~ight under w by vutue ot this mo^gage; and m fhe event sa~d MORTGAGORS shail :or any reason fail to krep ~he sald premisrs so ma~red, or fail ro dehver promptly any of sa+d pol~ues uf ~nsurance to sa~d MOR7GAGEE, or fait promptly to pay fu~ly any p~e•~u~:n thrrcior or ~n a~+y respect fail to perform, d~scha~ge, execu+e, effect, con~ple!e, mmply wirh and ab~de by this cove•~~~tit, o~ any parf harrof, said MURT;~4GEE mey p~ace a~o pAy for such insuron,e o~ any part thereof w~thout waivi,~g or affecting any opt~on, Gen, equny, or r~gh~ undei or by vlrtue of th~s Mo~~ga~e, bnd thc t~ll amount of each and every such ~ayrnero shall bz ~mmed~ateiy due and payabie and shall bear interest from the dare thereof uniil p~~d at the :ate o~ ~~ne per cemum per annu~r~ and to~r~hrr v,~rh aucn ~nre~esr shei~ be secured by the lien of thfs mortga~e. To permit, commit or auffer no wastc, impairment or detenoration oi said properfy or any part thereof. S- To pay ail and singular the costs, tharges and expenses, incfuding a reasonable atiorney's fee and costs of abstratts of title, incurred or paid a~ a~y time by said MORTGAGEE, betauae a in the event of the fa~~ure on the pari of the sa~d MORTvAGOR to duly, promptly and fuNy perform, d~acharge >xecute, effetl, complete, comply w~th and ab:de by ea:h and every the st~pu~at~ons, agreements, condihuns, and covenants of sa~d prom~>sa y note and tt,is mo~tgage any or eiiher, and sa~d costs, thsrges and ezprnses, each and every, shali be immed~etely dve and payab!e; whe~her or not the~e be ~ot~ce d~ mand, attemp~ ro cofiect o~ suit pend~ng; and ~he full amount of each and every such paymem shaU bear inreresr from the date thereof u~til pa~d at the -,n o~ nme per cancum p~r annurn; and aii said cosrs, charges and ex~enses incurred or paid, together wrth such in~erest, shall be secured by the I~en of th~s mor~9sge. 6. That (a) in the event of any breach of ~his Mortgage o~ default on the part of the MORTGAGOR, or ;b) in the event any of sa~d sums of money herein rcfened to be not promptly and fu!iy paid wirhin th:rtg i30; days nex+ a~rer the same severa':y become due and Qayab!e, w;fh~ur demand or nor~ce, e~ tc) in the event each and every the stipuiauons, agreemeros. conddf~ons and covenanrs of sa,d promissory note and thls mortgage any or eithe~ are not i.,Iy, prompt~y and fuily performed, d:schargeo, execured, etfectcd, campteted, compi~ed w~th and ab~ded 5y, then in eithn or any such evem ~he sa~d ag- aregate sum menuoned in sa~d promisso~y note then remaming ~npaid, with mrere,t accrued, and a~l moneys secured hereby, shali betome due and pay- ac,:e forthwith, o. thereafier, at the opt~on ot sa~d h10RTGAGEE, as fuliy and comp:etely as if al! of the said sums o` money were ong~naUy snpu~ated ro be pa!d on such day, anything in sa~d promissory note or in this Mortgage to the conerary norwithstand~ng; and thereupon or thereafter a1 ihe o~~~on of sn:d MORT6AGfE, without nonce or demand, su~t at law w in equity, thereiore or thereatrer beg~n, may be prosecuted as if a!I moneys secured hereby - r.~d matured pnw to ~ts ~nsti~ution. _t M~...,~... t~ 4~,...cln~. it_ nr ta reform it, or to enforce ~-l~:~y a~ ~i oi j y~.~. ...y u..~ ..p.... y_~_. t 7. Ti~ef in i7~r rveni ttieT ai ihe --i.u - pavrt+eN of any cia~ms hereunder, said MORTvAG:E shall app!y to the Coun hav~~~g ~u~ud.a~on thereot forthe appointment of a Receiver, such Co~r1 shail rcrthwirh appoint a receiver of said mo~tgaged property all and singuiar, indud:ng a1I and s~ngutar the income, profits, issues and revenues from whatever s~urce derived, eath and every of wn:ch, it being expressty ~nde•s~ood, ~s hereGy mongaged as if spec,f~cel!y set fonh and described in the grannng a~d i:abendum dauses hereof, and suth Rece~ve* shali have ali the broad and eff~nve funchuns and powers in anyw~s~ eMrusted by a Covn to a Receiver, a::d s.ch appointment shalt be made by svch Court as an admitted equity and a matter of aesoiute nght to said MORTGAGEE, and wiThout reference to the ad~quacy w inadequacy of the val~e of the prope~ty mo~tgagcd or to the ~o~venq or mso~vency of sald MORTGAGOR w the defendants, and that such -e-,rs, profits, income, issues and revenues shali be appued hy such Rece~~er atcord~ng to the lier or equity of said MORTGAGEE and the practece of such ~ :.ourt. ( 8. To duly, promptty and fully pe.fo+m, discharge, execute, efiect, complete, comply with and abide by each and every the stipulations, agreements, i _or.ditions and covenants m said promissory note and this mortgage set forth. ~ 9_ That in the event the ownecship of the mortgaged prem~ses, o. anv port thereof, 6ecomes vested in a pe*son other than tne MORTGAGOR, the :'~RiGAGEE, iti succeasors and au;gns, may, w~iho~r nonce to tne h10RSGAOR, dea~ with such successo+ or successor ir. interest w~rh ~eference to this ? R•o•~gage and the debt he~eby secured in the same manner as with Mortgagor without in any way vit:ating or d~xharging the /dortgagors' liabitity herr ur.der or upon the debt he~eby secu~ed. No sa~e of tl,e preT,ises hereby mo.tgaged and no forbtaran[e on the part oi the /AORiGAGEE or its successors ~ cr assit~ns and no extension of the time for the payment o± tne debt hereby srcured given by the MORTGAG:E o~ its successors or ass~gns, ahali operate ~o reiease, d~scharge, modify change or affect the origmal liao:i.ry of the MORiGAGOR herein, either in vrhole a in part. j 10. It is spec~fi,aliy agreed thar time is of the esse~ce of this contrect and that no waiver of any ob~iga~~on hereunder or of !he obligation sr ~ cured hereby shat~ at any time thereaf~er be hei~ ro be a wa~ver of the terms hereof or of the instrumem secured herCy. l i. In add~tion to fhe foregeng montn~y paymen!s of princ aai and inferest requ~red by the promissory nore secured hereb~, mortga~or covena~ts ~ agrees ~o pay t~ mortgagee with ea;h month~y payr.:ent an add~vional svm est:n:ated by mortgagee to be equai to i; 12 of the amual coss of ttw fotlow- f ~ A-All real property taxrs ~evied or as:ess_d agai•~s' th~ above described rea! esrate. 6-Prem~ums on fire and windsto~m mwrarce as he:e~n requ~red ta ba ca+ried on the improveme~ts s~tuate on the above dsscribed prem~ses. ? f e C-Prerniums on such mort~age guaranty ir.surar.ce as mo•tgagee shaif fro+r t•me to time deem fit to carry on the foan secured hereby. f i Mortga~ee sha~l from time to nme nctify mortyago. ~n w~~smg of the amou~t d~e and payable he~euncie+ and such sun~ shali tfiereupon be d~e and ~ ~.ab~e on the due dare of the nex! monih:y payment and each wccessive mon!h thereafter ur,t~~ mortgagee ahall not~fy mo~sgagor of a change in wch ;+--.ount. Such sums sha:l be applied by mortgagre toward the payment of real property taaes, insurance prem.ums, and mortga~e guaranty insurance n•emlums. 's IN \YITNESS :YN~REUF. the said MORTGAGvR has hereu~to set his hand and seal the day and year first af said. ~ igned, 5 aled d 1'vered 'n the presence of: / / ~ ~L-t _ al) .~1~ . ..e~~i ' .S~ - - (Sea?) - J ~T/ (Sea!) ~ ~ _r:e« :.r.ny .,e~•, t5eaq / ~ ~ C'ATE OF ~A 2~_ : f_'.~ : z d G, ~ S5. ~~J~Z~~F' ~ ~ ~~UNTY OF ~~r""' ~ ~ It il~'.~1 C~ i ; Before me penonally appeared °^d ri71 P:' 1 his wife, to me well k~own and known to me to be the individvals described in and who executed the foregoing instrumeat, end acknowiedged before me that they ezecuted the same for the purposes s;' therein expressed. And the said ~i~~3' wife of the said i?17~~ --et%i upon a separats •nd priv~N r examinarion by me taken separate and apart from her said husband, acknowledged to and before me that she executed w~d instrumsN it+tY~y end vduo- `5 rarily and vfitho~t any compulsion, constramt, apprehens~on, w fear of or from her said husband. • ~ ~ WIiNESS my hand and offiual seal th~s 13-~ day of ~e~e~`'er a~1• 19! j+- i ~ • i N~tary Public in and for the Stat! Qi ~Q a My Commwsion expires: ~ ~~C~C:1 „ = Ret~rn To: ~ ~ ~9~•/ t First Federal 5avings E Loan Association / T . - OF ~ort P~r.re. ' Fort P~erce. Fiorida ~~Q !ik" ~~-C=Y LL s1. tuu~- ;,u.s~ ~ r ftG°~L'" : RAS - CL~R~ t: .i.~;: COU~i prfnF~ - .,E~ - This Instrumenf Prepared By . - First Federal Savings & loan Asso~iation ~~O 3 28 ~7~ of Fort Pierce; • : . _ 221835 ; Checked By ~ ~ ~~g8 PA~~19~0 _ ~