The URL can be used to link to this page

Home My WebLink About1582 3. To place and continuously keep on ?he bui'.d~ngs now o~ herrafte~ s~tuate on sa~d i~nd and oo a~i tquipmCnl ~nd pcnonally covr~ed 'ov ~h;s mor egs, w~rh ail pre~~~ums thercon pa.d ~n futl, firr ins~rance ~n :he usual sta~cla~d po!~cy form, in s aum app~oved by ihe MOR~GAG:E, a~ d w.^dsro ~nsu~ance in ?he usual s}andard pot:cy fam, i~ a s~m approved by ~he MORTGAGEE, in such <o+npany or compan~es a~ rhe h',O~~vAvfE ~n dhect; and alt firo and windseo~m insu~ance poliues on any of sa~d b„iid~ngs: aey in~e~est ehe~tin or parl thereo+, in the a~g~rgaTe :um atc~esa~d in eacesi ~Fxreof, sha~l contain the ~s~al sta~+dard mortgaqre dause or such other c~ause ~a the Mortgagee may reqv~re, mak~ng thr ~oas ~n:tr~ s3.d po cies, each and every, payab!e to sa~d MORiGAGEE as ~ts inte~rst may appear, and each and every tuch po~~cy shall be prompf,y aas gnrd a~~d de ~tia~ed + sny held by said MORIGAGEE as further secuiity ~o said mortgage debt, and, no? ~ess than ten (101 da~s in advance of the expiraT~o~ o+ each po:.cy, to d~ I~ver to sa~d MORTGAGEE a renewal thereof, to9ether wirh a rece~pt for tht p.a~nium of such renewal; and there ahadl be ~o f.re o~ w~~:ds+o•m ~nsuranc placed on ~ny of sald buildings, any intereit therem or part the~eof, un!ess in ~he form a~~d w~~h the loss payst!e as af~~csa~d; and the e~ent any s~n of money bccane~ payable unde~ such pol~cy or poGc~es sa~d MORTGAGEE sha11 have the opnon to rccr~~a and app!y rhe sa:~~e on accov~~~ of ehe ~~~dabtrd nzss sccured hereby a to perm~t sa~d MORTGAGORS to receive and uie it or any parr thr:eof fo. o:~c~ pu~coses, w~~~~o.:t th=^.%: •~-,^'3 ~•"P°" ing any equ~ty, lien or right under w by virtue of ~his mor'gaye; and in the event te:d MORTGAGORS shall for any reason fail to keep rhe sa~d prem~s~~s so ~nsured, w fail to deliver promptly any oF said pol~ues of inaurance to sa~d MORTGAGEE, or fa~1 promptiy to pay fu',:y any pre~+:~~~n therztor w in a~y respec~ fail to pe~form, discharge, execute, effeU, compfeta, comply wirh and a5~de by this coven~nt, w•ny part hareof, s+~d h1vRiGAGEE may p~ace a~o pay (w such inaurance or any part thereof w~thout waiving or a(fecting any opt~on, lien, equ~ty, or right under or b/ wrtue of rh~s hlortgage, a~d tht iuil amoum of eath and ev~ry auch paymeM shali be ]minediately due and payable ~nd shall bear interest from ~he date ~hereoi until pa~d at tne ~att ot n~ne per centum per annum dMI IJ~B1~12! w,th auch interest sha~~ be secured by the lien o( th~s mortgage. 1. To permit, commit or suffer no waste, impairment or deterioratio~ of said property or any pa?t thereof. 5. To pay alI and singular the costs, charges and expenses, includ~~+g s reasonable atforney's fee and cosra of a6s~~acts oi t~tle, incurred or paid at any time by wid MORTGAG'.E, because w in the event of the fa~lure on the part of the said MORTGAGOR to duly, promptly and fu~Iy perform, d~scharge execute, etfett, complete, comply ~v~th and ab:de by each end every the st~puiat~ona, ~greemenff, conditions, and covenanrs of sa~d pro~n~ssory note a:~d ih~s mortgage any or enher, and sald costs, charges and expenses, each and every, shati be immed~arety d~e and payab:e; whe~her a no+ rhere tx no~~ce dr mand, +ttempt ro tollect or suit pend~ng; and the full amount of each and every such paymem shall bea~ ineerest from the date thereof until paid at the ..,re of nine pe? cenrum per annu:n; ar~ all said cosra, cha~ges ar,d eapenses :ntvrred or pa~d, ~ogethrr ~wdh such interest, shall be secured by the I~en of th~~ r~wt9~e. 6. Thst (a) in the event of any breach of this Mortgage w default on tM part of the MORTGAGOSt, or ~b) in the event any ot sa~d sums of money herein referrad to be not promptly and f~lly paid within th~rty (30) dars next a{trr the same se~trstly become due and payabte, wishout demand or n~r~ce. o~ (c) in the event each and every the sGpulations, rgreements, cond~~io~s and co~enants of sa.d promiswry no~e and th~s mortgage any or e~ther are nm iu1y, promptly and iully performed, d:scharg~d, eaecu~ed, effected, complered, compl~ed w~th and abided 5y, then in e~~her a any such eve~~ ~he sa~d ag g•egate sum mentioned in said promissory note than remaining unpaid, w~th interest acu~ed, and a~l moneys secured hereby, shall become due and pay- ab:e (orthwith, o~ thereafter, at the option of sa~d MORTGAGEE, as fully and comp!erely as ii all of the sa~d sums of money we~e or~g~nally sr,pu:ared ro be pa~d on such day, anything in sa:d p~em~sswy note or in thia Mortgage 1o the contrary notwithatandv?g; and thereupon w thereatter at the opt~on of sa;d MORTGAGEE, without not~te or demand, suit at law a in equ~ty, therefore or thereafter bcgun, may be prosecuted as ~f sll moneys secured hereby n:d matured pnor to As institution. - ' 7. That in the evcnt that at fhe beginn~ng of w at any t~rrK pe~d~ng any su~t upon ~h~s Mortgage, or to forectose it, or to reform it, or to rnforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ~unsd.ttion ~hereoi ior the appo~~tmcnt of s Rece~vrr, svch Cavrt shail fc•thwith appoint a rece~ve~ of said mortgaged properry all and singuisr, inc:ud:ng all and s~~g~~ar the income. profits, iss~es and reven~es from whatever s,urce derived, each a~d every of whkh, it being e:pressly undersfood, is hereoy mqrigaged as if spec~fical~y set (orth and dexr~bed in the granting a~d F h3bendum cla~ses hereof, artd such Receiver sha11 have all the broad and effective f~ntt,ons and powers in anywise e~trusted by a Cou.t to a Re:ei~er, a~~d s.:h appointment shall be made by such Court as an admnted equify a~d a matter of abso~ute rfgM ta said MORTGAGEE, and w~rhout ~eference to the edequacy a inadequacy of the value of the prope.ty mortgaged or to the so~vency or ~nso~vency of said MORiGAGOR o~ the de~endanu, and ~hat such re~~s, profits, incane, iuues and ~evenues shall be appi~ed hy such Receiver accord~ng to the lien or equ~ty of said MORTGAGEE and she pract~ce of such Court. 8. To duly, promptly and fully perform, d~scharge, execute, effect, comptete, comply wirh and abide by each an~ every the stipu(ations, agreements, conditiona and coven~nts ~n sa~d promissory nore and this mo+tgage set fwrh. 9. That in the event the ownership of the mortgaged prem~ses, w any part thereof, becomes vested in a perscn other than the MORiGAG~R, the h10RTGAGEE, ita successo~s and ass~gns, may, wi~hout nonce to the NIORTGAOR, deai wrth such succeuor or successor in interest w~rh reference to th~s r,~orlgage and the debt hereby secured in the same manner as w~th Mortgagor w~thout in any way vitiating p d~uharging the Mortgagori Iiability herr :,.^.der w upon the debt hereby sec~red. No sale of :he Frem~sea hereby mo~tgaged and no forbearance on the part of the MORTGAGEE or its succeswrs cr aas~gns and no eztension of the timr for the payment of the debt he.eby secvred g~ven by the titORTGAGEE or its svccessors or ass~gns, aliall operate to release, d~uharge, modify change or affect the orig~nal liao~:rty of the MORTGAGOR herrin, either m who~e w in parL 10. h is spec~fically agreed that time is o1 the esse~ce of ~his contract and that no waiver of any ob~~gat~on hereunder w of the ob!igation st ~ wred hereby shali at any time thereafter be he!d to be a warvet of the terms hereof w of the instrumem secu~ed herby. 11. 1~ add.tion to the fo+ego ng momh?y payments of pn~c aaI and inteiest required by the prom:ssory no!e securt! hereb~, mortgagor tovenanis ~ a~d a rees to a to mo:t a ee vvith each monfhl a~.~ent an add~tional sum est,n,arod b mort ee ?o be ual to 1' 12 of tne annuai cost of the fo~iow- f 9 PV 99 YP r Y 9a9 ~ ~ € ':'y: t ~ A-Alt real property taxzs lev~ed or assessed against ~he above desu~bed real estate. ;s ~ B-Premivms on fire and windstorm ins~rarce as herein requ~red to be carr~ed en the ~mprovements s.tuate on thr above described prem~ses. ~ C-Premiums on such mortgage guaranty ir.surar.ce as mortgagee shall frorn t me to t~me deem fit to carry on the loan sec~red hereby. { Mortgagee shail lrom time to nme nonfy morigager m wrinng of the amount due and payable he~eunder and wch s~T shall ihereupon be due and ~ : avable on the due da!e of ths next monthiy payment and each successive month thereaft~r ur.t~l mortgagee shall not~fy mortgagor of a change in such ~~~ount. Such sums sFail be appiied by margagee toward the payment of real property taxes, insurante prem.ums, and mortgage gvaranty insurance d r•emiumf. F ~ IN WITNESS `NHEREO thc sa~d ORTGAGOR has hereu~to set his hand and seal the day and yesr first aforesaid. ~ . Se~ted and liv red iry he esence d~: . SeaQ ~ ~ ~ B r e H. te rs n p ts~ai~ ~ ~-'~s~.o ~ - Cher 1 . Petersen ~x,,~ i ~ ~ STATE OF FLORIDA ~ ~ SS. ~ ~OUNTY OF St. Ll1Ci@ ~ Before me personally appeared B~82'Cl@ A. Fet.ersen •nd C~@I'~1 A. ~~~en his wife, to me well known and known to me to be ~ rhe individuals described in and who exetuted the foregang instrument, and ~cknowtedged befwe me that they executed the same fw ths purposes Che 1 A. Petersen _ rherein e:prossed. And the aaid ~ ~~fe of rhe sa~d B~BI fl@ H. Aatersen +~itpsnt~ aqd Privat~ ~ ~ e=aminat~on by me ta4en sepa•ate and apart from he~ said husband, sckrawledged to and brfore me that she executed said instrvmenj• f~oaly ~d vo~ue~ rar~ly and without any compulsion, constraint, appre ns~on o~ fear of w from her ssid husbs~d. ' . WITNESS my hand and official ual this_-~- day of February . ~a~ ~ , _ ~ ~ o - : _ Not~ry u ~ic ~n snd for the tate of i~ida~t My Commiasion ~xpires: ~ p~ . Return To: ~ ' ~ y First Federal Savings 3 loao Association , • C".~ o~ Fo~t Perce. ~±LE[` ~~COROSD • - foit P~erce. FIor~Ja $T i.~_ _ CJL`hiT fLA. Ci" . : C~URT l; ~ c r ~ • _ , . This Instrument Prepared By .T. A. RpbeTtS~ Jr. T ~k~ First Federal Savings 8 loan Association ~EB ~ IZ 44 PH ~ 1 Z ;;">Y of Fort Pierce ~ !~lOr'id8 x~.: p Checked By R . 2~i358`~ ~=r 199 PAGE1581 - . BOOK - ls : _ - - - - _ . .r.. . _ ~ A_