The URL can be used to link to this page

Home My WebLink About1160 , ~ 3. To place and coro~nuous:y keep on the bu~:dings now w he~eafter ~tt~ate on sa~d land and on ali equipmenf s•~d perso~a~ly covered by ih~s mo~ sg~, wi~h dl prenuumi thereon pad in 1u11, fire ~nSu~d~tt ~n ~he vsual starxlard po,~cy focm, in a s.,rn aHp~o~ed bY ihr MOR~~AGEE, and w~~~Jsro ~nsurs~ct in fhe usual sfanda~d po:•cy form, in a sum approved by rhe MORTGAGEE, in such company or cOmFdn:ei as ~E+e ~~021vavEE m dnect; u+J alI (ire and w~ndato~m inw~a~ce polic~es on any of said lwiid~ngs, any inte~es~ therein or pat thercoi, in rhe agg~egatr sum aforesa~d in exceis the~cof, shall conrain the vsual standard moregagee c~ause o~ such oiher davse as the Mo+tyagee may req~~~e, making ?he ~oas ~~~Ur. sa~d po cies, each and eve?y, payab4 to sa~d MORTGAGEE as ih inrerest may eppear, and each and eve~y fuch po~~cy ~hall be prompf;y ass g~~ed and dr,~vered ~ any F~eld by sa~d MORTGAGfE as f~rrher srcurity to said mortgage debt, and, not less than ten (10) days in advance o1 the e¦p~~at~eo oi each po:,cy. to d~ Gver fo u~d MORTGAGEE a renewal thereof, ~ogt~her with a rece~pt fo~ the premium ol fuch renewal; and thero shail be ~o i,~e or w:~ids~o~m ~r.suranc plsced on any of said bvild~ngs, any interest therein w part thereof, un:ess in i:x form and wi~h the Ios~ payabie a~ afo:esa~d; and in the e~ent a~y w~ of money bccomes payable undN such policy or poGcies said MORTGAGEE shnll have rhe opt~on to rece~~e a~~d app!y the same on acco~n~ o! the indabfed neas secured htreby w to permit said MORTGAGORS to ?~crive snd use it o~ any part thereof for o.ner pw:o:rs. .~:t~o,,t th-•-u+ ..-~^'7 ~'"a~~- ing any equ~ty, lien or r~ght undev a by virtue of this moc'gage; and in the even~ ~a.d !~10~TGAGORS shall fw any rrason fa~l to keep the sa~d premiars so ~nsu~ed, a(ail to deliver promptly any of said pol~cies of ~nsurance ro sa~d MORTGAGEE, or fa~1 promp~ty to pay fu:ty any pre:~;,~+n there+w or in a~y respect tait to perfo~m, discha~ge, execute, ef(ep, complete, co:nply wi~h and a~ide by this covenant, or any part haieof, aa~d MvR1;,,:GEE may p~aca a•q pay fo~ euck imurance or any parl theroof without waiving or atfecting any opnon, lien, eq~~ty. or r~~ht unde+ o+ b1 vIr!ue ot ih~s Mortgaye, and the full amount of each and e~ery such paymen~ shatl be ~mmed~ately due and payable and shs11 t~ar interesi from the dafe thereaf unnl p~~d a~ fhe rare ot nme per ce~wm pe~ annum and to~ether with such intrr~st shai~ be srcured by the lien of this mortgage. To permif, tommit w suffer no waste, impairment o~ deteriorat~on of sa~d prope~ty or any part thtreof. 5. To pay a~l a~d aingular ths costs, chargcf and expenses, incl~ding a reawnabte attorney's fee and costs of absrrac~s of title, incurred or paid at any fime by said MORiGAGfE, because w in the event of fhe failure on the parf o( ~he said MORTGPGUR ~o duty, p~ompNy a~d f~lly perlorm, d~scharye execute, effett, complete, comply wuh and ab:de by each and every the stip~lat~o~a, agreements, conditions, and covenanrs of s~~d p.anissory no~e and ~h~~ mort9age any or e~~he?, and aa~d cosn, charges and expenses, each and every, shall be immed~ately due a~d payabte; whether or not there be nonce da n,and, attempt lo colled or suit pend~ng; and the full a~nount of each and every such payment shalt bea. inreres~ from the date the~eof untii pa~d at ?h~ ~,re of nine per centum per annu~+; and aH said co:ts, charges and expenses inc~ned or pa~d. together w~th such interest, shall be secured by the ben of th~s mortyage. 6. That (s) in the event of any breach of thii Mortgage or defaulf on the part of the A!ORTGAGOR, or ;b) in the event any of sa:d sumi of rnoney herein rcferred to be not promptly and futly paid w~rhin th.rty (30) days nexs a~rer ~he same Seve~a'.:y become d~e and payab!e, wnhout demand or nctrce, er (c) in the evem each and every the stiputations, a9reements, cond~t~ons and covenann of sa d promissory noTe and th.s mortgage a~y or either are no~ iuly, prompNy and iutly pe.tormed, d~xha~ged, exec~ted, effected, compfeted, Complied wrth and ab~ded Sy, then in e~ther o. any such evenr the sa~d ag grzgate sum mentioned in said promisswy nore then remaining unpa~d, with intere;t accrued, and a;l moneys secured hereby, sha~l become due and pay- atrie forthw~th, or thercafter, at the oprion of said MORIGAGEE, as fuliy and compteeely as if a~l of the sa~d sums of money were ong~na~ly sf.pucared to be pa~d on such day, anything in sa.d prom~snory note or in this Mortgage ?o the conrrary no~,~vithsrand::•g; and thereupon or the.eafter at the op~.on of sa~d MORTGAGEE, wuhout notice or demand, wit at law a in equay, therefore or thereafrer begun, may be prosecuted as if all moneys xcured hereby n~d matured pnor to ~ts instit~hon. 7. That in the event that at the beginn~ng of or at any time pend~nq any suit upon !his Mortgage, or to fweclose it, or to reform it, or to enforce payment of any cla~ms hereunder, said MORTGAGEE shalt app~y to the Ce~~? hav~ng ~urbd.ct:on thereof fw ~he appo~ntment of a Rece~ver, such Co~r~ shall forihwith appoint a receiver of said matgaged property all and singula~, i~uvd~ng ail and s+ngutar the ir.come, prof,ts, issves and reve~~es irom whatever sev~ce derived, each and every o( wh~ch, it being expressly under:tood, is hereby morrgaged as ~f ipeuf~caily xt forth and descr~bed in the g~annng a~d habendum clauses hereoi, and such Receiver shall have alt the b~oad and effective funcr.ons and powers in anyw~se entrusted by a Court to a Recniver, a•~d s.:ch appoinrment shall be made by such Court as an ad~nitted equ~ty and a maner of absolure right to said MQRTGAGEE, ar,d withovt refe~ence to tnr adequaty w inadequacy of the valve of the property mortgagrd or to the so:vency or msolvency of said MORIGAGQR w the defrndants, and ~hat svch re~es, prof~ts, incane, issues and revenues shaii be applied by such Receiver acco.d:ng to rhe t~en w equity oi u~d MORTGAGEE and the pracnce of s~ch CouA. 8_ To dufy, p.ompr:y and fully pe~form, discharge, execute, effed, comp;ere, comply w~th and abide by each and every the st~pulations, agrK;ne~ts, ; conditiOn3 and covenants ~n sa~d promissory nore and ~h~s mortgage set forth_ ; 9. That in the event the ownersh~p of the m.ortgaged prem~ses, or any part thereof, Eo~omes vested in a pe~wn other than thr M'JRiGAGOR, the t :'.ORTGAGEE, iri successors and asslgns, may, w~rhout not+ce to the MORTGApR, deal w~~h such successor or successor in ~nterest wirh re~eren~e to th~s t n•or+ e a~d the debt hereb sec~red in the same manner as w~th 111ort a or w~thout in an wa vit~a~i or d~xhar ~ the Mort a ori liab~tit here- i 9a9 Y 9 9 Y Y ^9 9~^9 9 9 Y ~ under or upon the debt hereby secured. No sate of the Frertusrs hc~eby mortgaged ar.d no forbeara.,ce on ~he pa~i of the IAORTGAGEE or its successors or ass~gns and no cxtension of the t~me for the payment of the debt he.eby sec~~ed g~vzn by the MORTGAGEE o~ its successors or ass:gns, shall operate !o release, d~xharge, modity change or affect the orig~nal I~ab.!~ty of the MORiGAGOR hcrein, either in whole or in part. 10_ It is sFeufically agreed that time is of the easer.ce of th~s contract and that no waiver of any obligat~on hereunder or of the obligation se- cured Fxrcby shaU ai a~y time thereafter be hetd to be a warver of the terma hereof w of the ins~r~mem sec~red herby. ll. In add:~:o~ to the fo.ego ng month!y paymenfs of pnnc pal and interesr req~~red by rhe prom:sscry nore secured hr+rb/, merrgagor covenanis i~d agrees to pay to mortgagee v~~th each monrh:y pay~,~ent an add~nonai svm rsn:* ared b~ mo~tgagee to be eq~ai to 1, 12 of the an:~ua: cost of the foliox- ~ ~ ~n3: E A-All real property taxas Irned or assessed agaiost thc aoove descf~bed reat es!ate. j ~ B-Prem~vms on f~re and windsto~m ~nsu~ar~e as here~n reqv;red to be ca~ried on the improvements s~tuale on the above desc-~~urd premises. f C-Premiums on such mortgage guaranty ir.wr~r:~e as mo•tgagee shall from t me to ti~ne deem fit ro carry on She loan secured hereDy. V ~ Mongagee shail frorn time to t~me nor~fy mortgagor in wr~r~ng of the amou~t d~e and payable hereundrr and such aum shail thereupon be due and ; avab~e on the due da~e of the next month:y payment and each success~ve month thereafter ur.ril mortgagee shall not~ly mortgagor of a change in such i a~ ovm. Such sums s~a:i be appfied by mortgag~e toward the payment of real property taxes, insurance przm:~ms, and mortgage g.,aranty ins~rance ' c;'emiums. , R ~ IN \YITPJE55 `NHE " f, the aid MORTGAGOR has hereunto set his hand and seal the day and year ' aforesaid. ~ ed, Sealed a d d live~ i the pres e of: (Seaf) ~ ~ ( Gd Y'S{ J. M e (s~a4 ~ ~ Qtc.. _ Seaq ~ ~ (Sesp ~ ~ x ~ STATE OF FLORIDA 1 Lucie ~JUNTY OF SL . ~ ~ Before me perwnally appeared CidTy .1. MeS?~Y snd ~ _ Dorothy M. Pleyer his w~fe, to me well known and known to me to be rhe ind~vidvab described in and who execured the fwe9oing instrument, and acknowled9ed befwe me that they executed the same fw the purpoxs ~ rherein expressed. And the said Dorothy M. Meyer ~ Gar J. Me er .v~fe of the said y y upon a separate and private ;g e.aminat;on by me taken separate and apart from her said huaband, acknowledged to and befwe me that she executed said instr~mem freely and vofun- ~ rar~iy and without any compulsion, co~straint, ~pprehen n, w fear of o~ from her said husba~d. r? WITNESS my hand and official seal this_. day of F b~ary A. D. 19 72 ~~t~ Notary Public in and for t tate f Florids at large My Comm~ssion expirer. ~~J~/// , ~ f~ ~ Retum To: ~ Firit Frderal Savings 3 loan Associa?:on ~ x Of Fort P.erce. ~ • ~ ~u~ Fort Pirrce. Flor~da flLED ~h~ F~COR~~ _ S7.lUC1E COUNTY FL~. _ ROC:R F~{TRAS . ~ , : - C~ER!c C ''CU.T COUR~ ~ ~ • ~~f RE~~=.~' =0~- _ ; • This Instrument Prepared By Richard K. Kayes ~ - -F~' First Federal Savings 8 Loan Association c 3 3 06 PH 1Z - T~~> of Fort Pierce , Flor ida I E8 ~p 223~`75 Checked By 1~-_ ~ 800K~~ PACE11~9 _ - _ _ _ ~ _ _ ~ _.s_~_... - ,