The URL can be used to link to this page

Home My WebLink About2629 . • - • ~ , ~ ~ • a : . . . . . . i . 3 3. To place a~d cont~nuuus~~ kccp on ~he bu~'d~ngs now or herea(re~ utuate on sa~d I~nd and on ali equipmen? and pertona~~y covered by thi~ mor ~ge, w~th all prem~ums thereon pa:d ~n full, fira ~~sura~ue ~n tne ~sual staiwaerd po!~cy form, in • ium app+oved by the MORIGAGEE, u~d w~~~dsto ~nfursnce i~ the us~al f~andard pot~cy ~am, in s sum approved by the Ak7RTGAGEE, in tuch compsny or compan~es as ~he MORiGAGEE m direc~; ~nd aIl fire and windsrorm in~urance po~~c~ea on ~ny of sa~d bu~~d~ngs, sny inrersst ~I»~e~n or pa~t the~ea(. in the +99rega~e w~.+ afaesa~d ~ in eaceu ~hereof, shall contai~ the us~al srandard morrgagee clause w ~uch o~her dause ~t 1M Mo+~gaqee may rcqu~r~. mek~ny the Ioss unde~ ia~d po c:rs, each s~d every, payabie ro sa~d A\JRTGAGEE as ~n lnterrsr may appea~, and each and sve?y auch poi~cy ~ha~l be prompUy ais gned a~~d de~~vercd ~ ~ny held by ss~d MORTGAGEE as further saurity ~o sa~d mortga8e debt, ar+d. ~ot leu tMn ~en (10) days in advance of ~he eap~ra~~on of eac~ poi~cy, to d~ five~ to iaid MORTGAGEE a renewai thercof, topNner with a re:e~p~ lor the premium of tuch renew~!; and there aRall be no fire o~ windsto~m insuranc plated on any of sa~d bvild~ngs, ~ny i~tcrest therein or parl IhereoF, un!ess ~n the form end with the loss payable as aforesaid: and in the eveM any iun ; of money become~ payabie u~der s.xh policy a poGc;es sa~d MORiGAGEE ihatl have ~he opt;on to recr~ve and app!y the same a+ accoun~ oi t~e indab~rd i ness sec~red hereby or ro perm~t sa~d MORTGAGORS to recrive and use it a eny par~ the:eof tor o:~e• pu~~oses. .v~ihoUt ~hr~ru~ wa~~~~~ ~~~~pa~r ~ [ry any eq;.~:ty, '::rn w rsghf vr.~r a~ by virrue of ~Aia mo-~gage; ~nd in the •vem said M~RTGAGORS shall fa any reaion fail 1o keep the sald p~em;srs w ~~s~red, or fail to del~ver ,~romptly a~y of said pola~es ol ~nsurance to sa:d MORTGAGEE, o~ fa~l promp?ly to pay f~lly any pre~~~~u~n theretw w i~ a~y ~espect fail to perform, d~scha~ge, execute, eftect, compleee, comply wiih and ab~de by thls covenant, a any pa~~ hereoi, sa~d MQRTGAGEE may place a~~d pay fw suth inaurance or •ny part thertOf without waiving or affecting any Option, Iien, equity, or right under ot by virtue of this Matgage, and the t~ll amount of exh and every such payment shall be immed~ately dve and payable and shall bear interes~ from the date ~hereof until pe~d at the rate of nlne pe~ centum per annum and to~tthr~ with suth inreresr shaii be secured by the lien of this mortgage. 1. To permit, tommit or a~ffe? no waste, impairment a deterio~ation of said property or any part thereof. S. To pay all •nd singu~a the costs, chargrs and expenses. includ~~+g s reaionable +twrne~ a fee and costs of abseracts of tiNe, incurred or paid at any time by sa~d MOkTGAG'.E, because or in ti~e event of the fa~lure on the part of the aaid MORTGAGOR to duly, promptly and fuily pc~lo~m, d~uharqe e,ecute, elfec~, compkre, comply wrth and ab:de by each snd every the s?ipulanons, agreen,ents, condu~ons, and covenants of sa~d p~omhsory noie a~d ih~s , +~ortgage any or either, and sa:d cosrs, charges and expe~ses, cach end eYery, shelt be immed~ately due and payable; whe~her or not tF.ere be not~ce dr ~ mand, sttempt to tollett w suit pend~ng; snd the fuU amount of esch and erNy such payment shall bear intercat from ~he date thereof umil paid al the ~~re o~ nine per ccntum per •nnu:n; and a11 sa~d costs, cha~ges snd exprnses irxwred o~ paid, together wdh such interest, shall be secured by the lien of this ! mwtpsg~. 6. That (a) in the event of any breach oi thia Mwtgage o? detault on the part of the MORTGAGOR, or (b) in the event any of ss:d surtu of money herein re(errrd to be no: promprly and fully pa~d wi~h~n th~rty (30) days r.cxt aftr~ !he same ieve~a~ly become due and payab!e, withovt demand o~ notae. or (c) in the event each and every the stipulations, agreements, cor~drt~ons and covenants of ta~d promissay note and th~s mongsge any or e~ther are not iv1y, promptly and fully performed, d~scha~ged, executed, etfected, compkted, cor++plied with and ab+ded by, then in either o~ any such evem ~he said ag gregare sum mentioned in said pron+~ssory note thtn rtmaining unpaid, w+th inrerest accr~ed, and a11 moneys secured hereby, shall become due and pay ao,e fonhwirh, or ehereafter, at the opr~on oi said MOR7GAGEE, as fully and compterely as it ap of the iaEd sums of money vrere or~g~naily st~pufa+ed i,r ~,n~d a~ suitc dsy. aryih;ry in sa:d p:c-isscry ~:csc ar e^ !his ~a~..y3ya ;},e ~tv.~.try nntw~thifrndi~uj: and thereuoon a thereafter at the oPnon of :a.d MORiGAGEE, without not:ce or demand, suit at law or in equ~ty, thrrefwe w thereaf~er begun, may be proxcuted as if atl moneys aecured hereby nad matured pr~or to its institution. 7. that in the event fhat at the bcginning of or at any time pending any suit upon th~s Mortgage, w to fo~ec!ox it, ot to refwm it, or to enforce G~Yment of any claims he~eunder, said MORTGAGEE shati apply to the Court having ~ur~~d~ction thereot for the ~ppo~ntment of a Receive~, such Cour1 siwfl ic~thwith appo~nt a receiver of said mortgaged property ail and singular, inciud.rtg all and singular the income, prof~ts, iu~es and reve~ues from whatever se:,rce derived, each ar+d every of w'~~ch, it be~ng expressly unde~s~ood, is herecy mortqaged as if speufically ut fath and dexribed in the granfing and habendum clauses hereof, and such Receive~ shatl havr all the b+oad and effect~ve fvncs~one and powers in anywise entrusted by a Court to s Receirer, and •_ch appo~nrment shall bc made by svch Court as an admittrd equity and a ma~ter of absolute right to said MORTGAGEE, a~d without refereixe to the edequaty w i~adequacy of the value of the property mo~tgaged or to the io~v~nty or insWvency of said MORfGAGOR o~ the defe~dants, and ~ha~ such ronrs, protits, incane, issues ~nd revenucs shail be applied by such Receiver accordu~g to the lien w equity of wid MORiGAGEE and the proctice oF such [ Court. t 8. To duly, pro~nptly and fu!!y perform, d~scharge. execute, ef(ect, complete, comply with and abide by each and every the stipulations, agreeme~ts, condit~ons and covenants in sa~d promissory note and th;s morrgage set forth. ~ 9. That in t1+e event the ownership of the mortgaged prem~sez, a any part thcreof, becomes vested in a perwn other than the MORTGAGOR, the M.ORTGAGEE, its successo~s and aas~gns, may, without no~ice to the MORiGAOR, deal w~~h such s~ccessw or successor in interest w~th reference to this . mo~tgage and rhe debt hereby secv~ed in the same manne+ as w~th Mortgagor w~thout in any way vit~ating w d~scharging the Mortgagori liability herr ~nder or upon the deb~ heraby secured. No snle of the premises hereby mortgaged and ~o forbearance on the part of the MOATGAGEE or itf s~ccesso~s ~r asiigns and no ezte~sion of the t~me fw the payment of the debt hereby sec~red given by Ihe MORTGAGEE or its successorf or assigns, sl~afl oFerate w rc+ease, o~xner9e, mcxi~iy ci~enye c,~ aiieu ii~e o~~y~uai :~eu,{~iy af ti.e l~tOR2vAGQR t~rein, eit:.er in whole or in part. t 10. It is speuficatly ag~eed that ~ime is of the essence of fhis contrac~ artd that no waiver of any obGgat~on hereunder or of the obligation sr # cured herc6y shall at any time ihe~eaher be held to be s waiver of ~he terms hereo( or of the instrumeM secwed herby. ~ 11. In add~rion ro the forego:ng monthly payments of princ pal and imeres? req~hed by the prom'swry no*e sewred herebl, mortga~or covenanrs ` and ay~ees to pay to mortgagee »nh each mpnthiy payr:iem an add,a~onai sum esumated by mortgagee to be eq~ai to 1/ 12 of the annual tost of the follow- 1 ~ ~ng: k A-All ~eal prop~rty taxes tevied or assessed agai~sf the above descri5ed real estare. ~ B-Prem~ums on fire and windsto:m insvrance as he~e~n reqv:red to be carried on the ~mproveme~ts s~tuate on the above d~scribed premises. t C-Premiums on suth mortgage g~aranty msurar•ce as mo~tgaqee shatl from t me to ti+ne deem fit to carry on the loan secured hereby. a Mortgagee shall from time to time nori(y mongagor in writ~ng ef the amount due aAd payable hereundrr and such wm shall thereupon be due and y ; 3yabte on the duc date of the next month!y payment and each wccess+ve month thereafr:r ur.ril mortgagee shall notify mortgagor of a change in wch g e•:ovnL $uch sums sFail be applied by mortgagee toward ~he payment of real proprrty taxes, insurance prem:ums, and mortgage g~aranty insurance ,~~emium~• IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set h~s hand and seal the day and year first afwe ' ~ Sipned. Sealed and de'iivered in the presence of: ~ ti ~ ~;~6~ ~ al) _ r9 ' (Sea1) ri ; l. ~ L (Seaq ~ - - , lAZO • _ - ~a~) c - ~ SiATE OF fIORIDA 1 I.ilC 1@ ? ~ ~ COUNTY OF St • ~ ~ Geo rge I. Baxte r ,,,d Befwe me personalfy appeared ~ Dorothy M. Baxter ~ his wi(a to me well known and known to me to be ~ rhe individwls descr~bed in and who eaecuted the faeyoiny instrumsnt, and acknowtedped before me that they executed the same for the purposes DorOthy M. Baxter ~herein expreaxd. And the said_ - r s.:-' ~v~fe of the ~~d _ G¢ozge I• Baxter upon a upar~te +~?d p~ivs~~ e.aminat~on by me taken ~eparste and aparl from her said husband, acknowledged to and befote mt fhat she exetuted said instrumeM }reely and volurr ra.dy and wAhout any compultan, conitraint, apprehens~Qplor fear of or from her ~aid husband. Gl 72 " WITNESS my hand and official seal this__-~~ day of n~Z 0. D. 19 _ . Nobry Pu in and fw the~! te~ of fbcida jt~r94 y My C ion expires: /r'~'. 6i % Rerorn To: ~TARY P(iBLIC STATE OF FLORIDA AT L./lR(~ _ Fint Federal Savings a loen Associat~on f,.~,, MY COMMISSION EXPIRES AUG. 6, j~~ Ot Fo~t V:e:ce. ` QEAIERAL IN$URANCE UNDERWRITEfi~ ? fort P~erce, Flonda - ~ Fi~EO aMr ~ECO~oED f ~ : • tt ~uc~c C~UNT~ fLA. ~ ; . . . . ROCCR PO~fRAS ~ This Instrument Prepared By RiChard K. Kayes ClERK Ci..~tJIT COURT,~~ First Federa! Savings b loan Association , ~ RECORQ ~Ea , Rlorida - of Fort Pierce ' ' ~ ~ Jui i8 I oo PM'72 . Checked By ~ ~~:_3 222293 ~ . ~ $00~~9~8 n~2~ , _ 1 _ _ . , . _ ~ `s