The URL can be used to link to this page

Home My WebLink About1999 3. To place a~d co~~~~uOUS~y krep on +he bu~'dmgs now or herrafter •~tw~e on sa~d land and on atl eq~~p~~enr and penonafly covered by thit mw sge, w:th all premiumt the~eon pa.d ~n futl, f~re insur~nce ~n ~he u~uai uandard poticy form, in • sum ap~ovad by the MOR~GAGEE, and w~nduo ~nsursnce in the us~al ~~andard pol,cy fam, in a sum appro~ed by ~he MORiGAGEE, in tuch company or compsmes ss ~he htORiGAGEE m d~red; sad all firo and w~ndstorm t+s~~~nce pol~c~as o~ any oi sa~d lwild~~+gs, any intere~~ therein or part thereof, in the aggrega~e sum afaesa~d in excest lhereof, shall cont~in the ue~al standa~d mortgagae c~suse o~ auch other dause as th~ Mwtgagee m~y requ~re, maYin9 the ioas u~da~ ~a~d po cies, each ~nd every, payable to said MORIGAGEE as ~ts imerest may appear, and each and every such potity shall be p~omp~~Y as~ g~ed and de~~vered ~ iny held by sa~d MORTGAGfE ss iurther lecurity to said mo~tgaga debt, and, not less than ten (101 days in advance of the expiration of esch pollcy, 1o d~ t~ver to sa~d MORTGAGEE a renewal fhereof, to9e~her wi~h a rece~p~ fo: the pram~um of such renewal; and there shall be ~o f~~e or w~~~duo~~~ insuranc plsced on any of sa~d b~ild~ngs, any inte~est there~n w part thereoF, unleu rhe fofm and w~+h the loss payable as aforesaid; and in the event any sun of money bccomes payable unde~ such policy or po~:cies said N.OR~GAGEE shall have ~he opt~on to reca~ve and apply the same on account oi ~he indtbt~d ness secured hereby or to perm~~ sald'NORTGAGORS to recr~ve and use i~ or any pa~t ~he:eof io. ot~~ri pur::cses, v.~thovt ~h~.~u1 we~~~~3 c~ ~~~~P~~~ ~ng any equ~ty, I;en w right under or by virtue of this mor'gage; and in the event sa:d 61pRTGAGORS aha!! for any reason fail to kcep the said prcmiars so ~n:ured, or fail to detiver promptly any of sa~d po~~cies of insuronce to sa~d MORTGAGEE, or fa~l promptty to pay fu:ty any pre~~~~u~n therefor or in a~y 1 respect fail to per(wm, d~scharye, execute, e}fed. tomp~ete, comply wi~h and abide by ~h~s cove~ant, a any part hrreof, said MvRivi.GEE may p~ace a~~d pay fa such ~nsurance or any par~ thrreoi w~thou~ w~iving or +ffectinq any opuon, lien. equ~ty, o~ ~~gh~ under or by virtue of ~h~s Mo~tgage. a~d the t~il amoum oF each and e.~ery such payment shall be ~mmediately due and ~ayable and shail bear in~erest from ihe da~e thereaf until pa~d at the rare o1 ~~re per centum per annum and ~o~ethrr w~~h such interest shaii S~ sewred by the lien of thia mortgage. 1. To permit, mmmit or suffe~ no wa~te, impairment a derei~oration o4 said p~operty or any part thereof. S. To pay atl a~d singula~ the costs, chargei and expenses, including a reasonab!e attorney'~ fee and cosrs of abstracts of Ntte, incurred or paid at any tirr.e by uid MORiGAGfE, because o~ in the e~ent of the Fa~lure on the Fart oF the said MORTGAGOR to duty, prompely and fu~~y parform, d~scharge. ~.ewte, etfcu, com~lefe, comply wuh ar~d ab:de by each and every the st~pv~at~ons, agreemems, conditions, and co~enants of said p~om~ssary nate ar.d ~h~i -:ortgage any w e~ther, and sa:d costs, chargts and exrenses, each and every, shall be immediately due and payable; whether o~ not ~here Ix notice dr mand, attempt to cotlect or s~it pend~~g; and the fvll arnount of each and e~ery such payment shalt bear interesl !rom ~he date thereof until paid at the .~!e o~ n~ne per cenwm per a~~w:n; an~' all said costs, chargea and expenses Incurred w paid, ~ogether w~th auch interest, sha~l be secured by the Iko of thia mortpage. 6. That (a) in the event of any breach oi this Mwtgage or defaulf on tM parl of the MORiGAGOR, or (b) in the event any ol sa'd sums of mone~ here~n referred to be not promprfy and fully paid with~rt th~rty (3+~) days nea~ atter the same severa:ty become d~e and payabte, without demand or not~ce, cr (c) in thr event each and every the stiputations, agreements, conditions and covenants of sa;d promisso~y note and th~s mortgage any o? either are ~ol i„iy, p~ompdy and fully pertormed, d;scharged, executed, effected, completed, comFl~ed w~rh and ab~ded Sy, then in e~ther w any such eve~t the sa~d ag ~regate sum mentioned in sa~d promissory note then remaining unpa~d, w~th interest accr~ed, and atl mor.eys secured hereby, shall become due and pay ab:r forthwith, or thereaf~er, at the option of sa~d MORTGAGEE, as fuI{y and completely as it all of the said wms of money were w~g~nafly st~pu:ated ro tx pa:d on such day, anything in sa:d promissay note w in this Mwtgage to the contrary notwithstand:ng; and thereupo~ o~ thereaNer at the opt~on of z~.d MORTGAGEE, without notice or demand, suit at iaw w in eqwty, therefore or thereafter be9un, may be prosetuled as if all moneys secured hereby r,~d maWted pnor to ds instituUOn. 7. ihei in ti.r C~@~7T tt~et at the brg:~n„-.g 3f ar at s~~ ::mc ~~-d:r.g any su~t urV e th+s M^•*g=~e, e~ ~E,.arl~~w it, or m reform it. or to enforce i Fa~meM of any claims hereurtdrr, said 1AORTGAGEE shaH apply to the Court having jur~ad:ction thereof 1w the appomtmer.t of a Receiver, such Court shall i E~r!hwi~h appo~nt a receiver of said mortgaged p~operty ail and singular, inc:~d,ng all and s~ngu~ar the ir.come, profrts, issues and revenves from whatever s,.;rce derived, each and every of wh~ch, it be~ng eapress~y ~nderarood, is hereby morigaged as ~f spec~ikalty ut forth snd described in the yran~ing and ; hstxndum cla~ses hereof, and such Receiver shall have aIl the b~oad and effective f~nc~•ens and powers in anywise entrusted by a Cou~t to a Rcceiver, a~d s. ch appointment shall be made by suth Co~rt as an ao~n~tted equity and a matter of absolute nght to said MORTGAGEE, and without reitrence to the adequacy or inadequacy of the val~e of the property mwtgaged or to the so,vency o~ ~nsoivency of said MORTGAGOR w?he defendants, and that such rr~~s, profiK, incane, isaves and revenues shal~ be app+ictJ by such Rece~ver accord~ng to the tien w eauity of said MGRiGAGEE and the practice of such Court. 8. To duty, promptly ar+d fuily pcrform, d~xharge, execute, effect, complete, comply with and abide by each and eve?y the stipulat~ons, agreements, .:;ndit~ons and covenams m sa~d prom~ssory nore and th~s mortgage set forth. 9. That in the e~ent the owne~sh~p of the mortgaged premises, or any part thereof, becomes vested in a pe~son othe? than ihe MORTGAGOR, the :~RTGAGEE, its s~ccesso~s and assigns, may, wi~hout norice to the S10RTGAOR, deal with wch successw or successo~ in interest with reference to th~s o-Tgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vit~ating or d~scharg~ng the I~Awtgagors' liability herr :,^der w upon the debt hereby secured. No sale of ihe prem;ses hereby mo~tgaged and oo forbearance on the part of the t~10RiGAGEE or its svccessws c~ ass~g~s and no eatens~on of the t~me fw the payme~l of the deb~ hereby secwed given by the MORTGAGEE or its successws or assigns, s~iall operate .o re+ease, d~scharge, modify change or affect the a.ig~nal lian~t~ty of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the es:ence of this contract and ~hat no waiver of any obt~gation hereunder or of the obligntion se- ; c::~ed hereby sha4t at any time thereafter be held to be a waiver of ihe terms hereof or o( the instrument secured berby. ~ 11. In add.t~o~ to the forego ng mon+h!y paym=nts of p~inc aal and interest required by the p-om swry no!e secured hereby, morlga~or covenants ~ j ~ d agrees to pay to mortgagee v~~fh each monihiy pay~.ient an add~r~onal sum eu;~~a~ed by mortgagee ~o be equal to 1;' 12 of the annual cost of the foI{ow- ; ~ d S ~ A-AIt reai property taxrs levied or assessed agai~st the above described real estate. ~ 6--Pr.miums on fire and v~indstorm inwracce as herein requ:red to be tarried cn the improveme~ts s~t~ate o~ the abovc d~stribed premises. ° e ~ S C-Premiums on such mort~age guaranty ir.sura.~ce as matgagee shall from t me to time deem fit to carry on the loan secured hereby. ~ Mortgagee sha:! from nme to t~me not~fy mcrtgagor in wnnng of the amouv d.,e a~d payab~e he~eundar and such sum sha:l thereupo~ be due and ~ ; s,ab!e on the due aate of the next monthiy paymeM and each successive month rhereaft~r ~rtil mortgagee shall not~fy morrgagor of a change in such ~~~nt. Such sums sFa:i be app'ied by mortgagee toward the payment of rea~ property taxes, insurance prem~ums, and mortgage g~aranty insuronte _ r,•e^iiums. ~ IY YJITPJE55 WMEREOf, the said MORTGAGJR has hereunto set his hand and seal the day a year f af id. ~ Sgned, Sealed and detivered i.~ the p?exnce of: ~ ~ ~ / ~ - s ~ ~ ~ • s ($Ea~ ~ ($tal) ~ nnie . 1Cirts ~ (Seaq ~ ~ S~ATE OF FLORIOA { ~ SS- ~ COUNTY OF ~ " Ra1Dh bd. K1rt3 a~d Be~we me personally appeared ~ Bonnie Q. ~.~2't'i3 his wife, to me well known and known to me to be thz indiridvals described in and who executed the fwe9a instrument, and cknow:edged before me that they executed tF~e same for th~ p~rposes ~Bonnie (3. ~irts ' = ~ lhercin expre~sed. And the seid_- r ~ ,~~Ee of the said R81p~1 ~i11. K~2'ti3 vpoe ~:~u~le ~rid priv~ ~=aminatlon by me taken uparete and apart from her said hosband, acknowledged to and before me that she executed said 1Kj/us~.heelY end wOtuo- raniy aod w~thout any compulsion, constraint, spprehension or fear of w from Fxr said husband. . ~ ~ ;t7 r~ " WITNESS my hand and official seal this_ day of J~ A. D. 19= " _ ~ : Nofary Public in end or the Stat~.of~fi~ida at~t,ar~ t. z M Commiuion ex res. t' r'? Return To: y w 1''~. r C~.,IS; S . first federsl Savings a loan Associanon ~ - • , : Of Fort P.erce. FIIED AhD RECOR~EO Fo~t P~r~ce, F~o~~da ST. WCIE COUNIY F~A. ROGER POITRAS CLERk C~RCUIT COURT ; x-;~ RECOP,D vERiF?EO This Instrument Prepared By J. D. Chastain ~j`Y - First Federal Savings 8~ Loan Associatio~ 3 29 PH ~7Z - of Fort Pierce~ Flarida ~18a~ Checked By L`~-_ '3 a~i~ ~~1~~6 1.ig