The URL can be used to link to this page

Home My WebLink About0004 ,M . f 3. To place and conrinuously keep on the bu~'d~ngs no~v o~ hereafter s~fuate on sa~d land and on all equip~nrnt and pe.so+~ally covered by thii mw age, w~th all premfums thrreon pa~d in futl, (~re ~nsuranca ~n rhe usual srand~rd pollcy form, io e sum approved b~ ihe MOk~uAGEE, and w~~~dn~o ~nsur~nce in ~he usual i~inda~d pof.cy form, in a sum appror_d by ~he MORTGAGEE, in such compa~y or co+npan~es as ihe AtORTGAG:E m dhecr, and all fi~e and windetorm insurance pol~cies on any o( said o~ild~ngs, iny interetal therein or part thrreoF, irt tF~e aggregate sum ato~esaid in excess theieol, shall contain fhe usuhl standard mongagee dause or such o~he~ clause ai the Mo~tgagee may rcqu~rs, making the loss ~ndrr sa~d po c~es, each and every, payabte ro said MORTGAGEE as ns interest may appear, and each and every iuch po~icy shall be promprly ass gned a~~d dei~vered ~ any hetd by se~d MORiGAGfE as (wrher security to sa~d rnor~gaqe dzbt, ~nd, not !eu than ~en (IO) dayi in adrance of ihe expirat~on of each poi~cy, to d. i;ver to said MORTGAGEE a renHwal thereof, together with a rece~pl for 1he premium of such ~enewal; and Ihere ahall be ~o f~re or windstorm insuranc placed o~ any of said build~ngs, any interesl there~n w part thereof, untess in the form a~~d with tt~e ioss payab!e as afo~esaid; ar.d in the event any sun of mpney (mprnes payable under such policy or policies said MORTGAGEE shall have the option to retcive ond apply tir_ same on a~counl of the inOrotcd ( ness secured hereby o? to permit said MORTGAGORS to reteive and use it p any par~ thereof for otix•r pur}-osrs, v.uhout th~.. o~ w~i~~ ~3 ;,r ~~np„~r ~~g any ~qu~ty, liert or right under w by virtue of this morryage; and in the evcn? sa[d MORTGAGpRS shall fw any reason faif to keep ~he sa~d prem~srs so ~ insured, w fail to deliver promptly any of said pol~ues of insurance to said MORiGAGEE, or fait promptiy to pay fully any premium therefor or in any ~espect fail to perform, d~acharge, exewte, effect, comptete, comply with and ab~de by this cove~ant, o~ any part hrreof, sa~d MGRTGAGFE may piace a~~d pay fw such inaurance or any part ther~f without waiving w affecti~g any optiort, tien, equ~ty, or right under or b~ virtue of ehis Morfyage. and the full amount of each and every such payment shalt be immed;ately due and payable and shall bear interes~ from ~he date thereof uniil pa~d at the rare of mne pe~ ceneum per annum and to~ether wirh such inte~ear shal~ be srcured by the lir~ of this mortgage. 1. To permit, tommit or suffer no waste, impairment o~ deterioration of sa:d ptoperty or any part thereof. S. To pay alt and sing~lar the costs, chjrges and expenses, including a reasonabte attwney's fee a~d cos~s of absrracts of title. incur.ed or paid at any time by said MORTGAGEE, because a in the event of the failure on the part of ~he said MORTGAGOR to duty, promptly and fuify per(orm, d~scharge. execute, effect, complete, comply w,th and ab:de by eath and every the stipulat~ons, agreements, conditions, and tovenants of sa~d p~omissory note and ~his mortgage any or ei~her, and sa:d cosrs, chargea and expenses, each and every, shall be immed~ately due and payab!e; whether or not fhere be nat~ce de mand, attempt to cot{ett w suit pend~rtg; and the full amount of each and every svch payment shall bear interest from tht date thereof until paid at the r,,te of nine pe~ centum per annu:n; and a!1 said costs, charges and expenses inc~ued o~ paid, together w.th suth imerest, shall be setured by the I~an of th~s rnort9age, 6. That (a) in the event oi any brzach of ~his Matgage or defaut~ on the part of the MORIGAGOR, or (b) in the event any of sa~d sums oS mo~ey here:n referred to be no! prc+mprly and fullv oaid within ~huty (30) days next atter the same seve~a.ly became due and payable, wi~hout demand or notice. or (c) in the event each and every ihe stipulations, agreemeros, conditio~s and covenants ot sa:d prom~ssory nofe ar~d th~s mo~fgage any or e~ther are no~ jvly, promptly and !u!!y performed, d+'scharged, executed, effected, completed, compl~ed with and abided 5y, then in either or any such event Ihe sa~d ag gregate aum mentioned in said promiswry note then remaining unpaid, with interest accrued, and atl moneys setured hereby, sha~! b`tome due and pay aole torthwith, or thereafter, af the option ot said M02TGAGEf, as futly ard complete~y as if a!! of the sa;d sums of money were or~ginally st~pu:ated to be pa~d on suth day, anything in sa!d promissory note or in this Mortgage to the comrary nmwithitand~ng; and thereupon w thereafter at the opr~on of sa;d MORTGAGEE, without not~ce or demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys setured hereby nzd matu?ed pno? to ~ts instirution. 7. That in the event that at the beginr'ng of w al any time pending any su~t vpon this Mo~tgagl;• w to faeclose it, or to reform it, or to enforce payment oF any claims hereunde~, uid MORTGAGEE shall apply to the Court having junsd:cTion Iherep) ~or the appoiMment of a Receiver, such Court shall Forrhwith appoint a r~eiver of said morfgaqed propeiry all and s~ngular, includ,rg aIl and s~ngu~ar the income, prof~ts, issues and revenues from whatever so~rce derived, each and every of wh~ch, it being e:pressly underifood, is hereby rr.o~tgaged as if s~Sec~ik311Y set for~h and desai6ed in tF~e g~anting a~d hsbendum dauses hereof, and such Receiver shaU have all the broad and eifective funct,ons and poweh iA-aAyiwtse enirusied by ~ld~VlrN.a Receiver, a~~d s;ch appoin;ment shall be made by such Court as an admitted equity an~i a matte? oi absoiute r~ght to said MORTGAGEE, artd without reference to the adequacy w inadequacy of the vatue of the property mortgaged or to the so~vency or insoivency of said MORiGAGOR or the defendants, and ~hat s~ch ~enrs, profits, incane, iasues and revenues sball be applied by suth Receiver accord~ng to the iien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully p~rform, discharge, execure, efiect, compiete, comply with and abide by each and every the stipulations, agreements, condiYwns and covenants in sa~d promisswy note and this mo+tgaqe ser fwth. 9. That Fn the event the ownersh;p of the mortgaged premises, o.• any part thereof, becomes vested in a person other than the MORTGAGpR, the :'ORTGAGEE, its s~ccessors and ass~gns, may, without nonce to the MORTGAOR, deal with such suctessor or wccessw in interest with refererce to this mortgage and the debt hereby s±cu~ed in the same manner as w~th lAortgagor w~rhout in a~y way vit~ating or d~uharg;ng t'he ldorrgagors' liaoility here- under or vpon the debt hereby secured. No sate of the premises hereby mortgaged and no io~bearance en the part of ~he MORTGAGEE or its successors ~ or assigns and no extension of fhe time for the paymem of the debr hereby secured given by the MORTGAGEE or its successors or ass~gns, s~~all operate !o releau, d,scharge, mod~fy change or afEect the orig~nal liab~;~ty of the MORiGAGOR herein, ei?her in whole or in par:. 10. It is spec~fically ag~eed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation sr cured hereby shali at any time thereaiter be he:d to be a waiver of the terms hereof w of the instrument secu~ed herby. 11. In add~tio~ to the forege'nq month!y payments of princ pa! and interest required by the prom~ssory no!e secured hereby, mortgayar covenants ~~~d agrees to pay to mo:rgagee v~ith each mo~rhiy payrnent an add,~~onat sum esf!mated by mortgagee to be equal to 1;~12 of t:~e annual coxt of the folfow- ~ng: A-All real property tazes Ievied or asseszed agai•}st thc above described real estate. B-Prem~~ms on f've and windsiorm i~su.acce as nerein reg~:.ed to be carriFd on rhe improvemeits sltuate on the above d=scribed premisrs. C-Prem;ums on such mortg,ge guaranty ir.surance as mortgagee sha~l from. t me to t~~ne deem fit to carry on the toan secur~ hereby. Mortgagee shatl from nm.e to t~me norify mo~tgagor ~n wr~t~ng of the amcu~t d„e and payable hereundar and such sum shal! ~hereupon be due and rayable on the d~e ciate of Ihe next month!y payment and eacfi svctessive momh thereafrer ur,til mortgagee shatl notify mo:tgagor ot a change in such a•~,ounL Such s~ms sFa~l be app!ied by mortgagee toward the payment of reai property taxes, 6.~..:.,..c~ r~am.VT.t, 0~1(I mo:tnaQe quaranty insutance p~emiums. IN WITNESS V~HEREOf, rhe said .NORTGAG02 has hereunfo set his h3nd and seal the day and year first afwesaid. Sgae.~, Sealed arxl iver n the presence of: a~ q ~ ~ (Seaq ($eal) STATE OF FLORIDA ~ couNrr oF St. Lucie ~ ~ 8elore me personatty appeared ~orge M. y~~y. a nA~ P gdLl t ~ the individua destribed in and who executed the for ~bC70f~[ to me well known and known to me to be ~ egoing instrument, and ackno•xiedged before me that ihe~ executed the same for the purposes iherein expressed. ~ 71~1f*~~ !PJ~~I~ WITNESS my hand arxi official ual this_ ~ day of F'@b 8 19~ 'otary Public in for the Siate of F{qtida af lar~e - My Commiuion xpiret: • R~r~.~ To: NOTAR• ~-~~C ^T.~~ c~^F:pt~A AT uRGE : Fiat federa! $avingf 3 Loan Associat~on MY r: : " ' ( ( , +2. I~ j : Of fort P:e:ce. CaEir~S:i~L :::~~':..~.:~C~ "l.:s.': ~~~}(i~ITEE~$r ~N!•`~Y'~':?" Fort Pierce, Fiurida • - 3 - Z " f1lED ANO REC4ROE0 7his Insirument Prepared By ,J. H. ~pbert,s~ Jr. ST.lUC1E COUNTY fLA. First Federal Savings 8~ loan Association ~ ROCfk POItRAS of Fort Pierce~ Florida CIEAK C~~CUIT COU_ R` ' RECORD vERIf1.D Checked By fEe 3 2~ PN ~ ~ Q ~ ~ 2~,'~45'74 ~a~~~ _ _ . . = .