The URL can be used to link to this page

Home My WebLink About0736 J. To place end conrinuously keep on the bu~:dings now or hereaf~e~ ?ituate on sald ~and and on all equipment a~d personslly covered 'oy ~his mor sgs, w~th all premiums thereon pa~d in full, lire insurance ~n the ~i~al s~andard po~~cy Form, in a sum approved by ?he MORsGAGEE, and wmdsto inwronce in ths wual •~andard pot+ty form, in a sum approved by ~hs MORTGAGEE, in wch tompany o~ tompanj,es aa the MORTGAGEE m direct; ~nd ~II ti~e and w~~datorm insuronce policiet a+ any of said build~nys, ~~y interest Iherein or part thereof, in the agg~ega~e sum ~Iwesaid in eacess thtreof, shall confai~ the usual standard matgagee tlause or su<h o~her dause as the Mo~Igagee may requ~ra, making the toss unde~ sa~d po ues, each and eve~y, payable to sa~d MORTGAGEE as ~~s interest may appcar, and each and eve.y such poticy sha11 be promptly au gnrd and de~~~e~ed ~ eny held by taid MORIGAGEE as fwther security to said mongage debt, and, oot leu than tan (10) days in adva~xe of the sxNira~~on of each pol~ty, to d. I~ve~ to iaid MORTGAGEE + renewal thereof, to~e~he~ with a receipt fw the premium of such renewal; and ihere shall be no f~re or wi~~dstorin insu~anc plated on any of said build~ngs, any intere~t fheie+n or par~ thereof, unless in the fo~m and w~th the loss payable as aforesaid; a~d in the event any sun of money becomes payable under such poliq w polKies said MORTGAGEE shall Mve the opt~on to receive end apply the same a? account of ~he i~~deb~ecf ne~s secured hereby w ro permit said MORiGAGORS to receive and uss it o? any part thereof for otner purposes, ~v~thout th~r, b~ wai•.in3 or ~~npair ing any equ~ry, lien a right u~der or by virtua of this mo:'gage; and in the event sa~d MORTGAGORS shall fw any reason fail to keep the said prem~srs so insured, w fad to deliver promptly any of said pol~ves of insurante to said MORTGAGEE, w fail p:omptly to pay fully any premium therefor w in a~y resped (ail to perform, d~s<harge, execute, effecl, compiete, comply with and abide by this covenant, or any part he~eof, sa~d MORTGAGEE may p~ace any pay fa such insurante or any part Ihereof without waiving or affectiny eny oprion, lien, equ~ty, o? right under w by virtue of this Morsgage, and the tull amount of each and e~•ery such paymem shatl be immcdiately due and payable and shall bea~ interest from Ihe date thereof un~il paid at the rate ol n~ne per centum per annum and to~eiher with suth interest shaii be secured by 1he lien of this mwtgage. 1. To permit, commit or wf(er no waste, impairment or deterioration o( said property w sny parf thereof. 5. To pay all and singuls~ the costs, charges ~nd e:pe~ses, including a reasonable attorney's fee and costs of abstracq of title, incuned or pa~d at any lime by said MORTGAGfE, because w in ~he evt~1 of the failure on the par~ of the said MORTGAGOR to duty, promptly and fully perlorm, d~scharge, ~xecute, efFec~, complere, comply w~th and ab:de by each and every the stipulat~ons, agreements, conditions, and covcnants of said promissory note and ihii mortgage any w either, and sa;d costs, cMrges and eapenses, each and every, shall be immed~ately due and paya6le; whether w not there be not~ce da mand, attempt ro collect or suit pertd~ng; and the full amount of each and every wch payment shall bear imerest from ~he date thereof umil pald at the rate of nine per tentum per annurn; and all said costs, charges and expenses incurred o? paid, together wAh suth iNerett, shall be setured by the lien of this mortya9e. 6. Thst (s) in the event of any bresch of this Mortgage or default on the part of the MORTGAGOR, o~ (b) in the event any of sa~d sums of money herein ?eferred to be not promptly and fully paid witl~in thirty (30) days nex~ after ~he same severa!ty become d~e and payabte, without demand or notite, or (cj in the event each and every the stiputatio~s, agrcements, co.~dit~ons and covenants of sa+d promissory note and this mortgage any or e~ther are not ivly, promptly and f~ily performed, d:xharged, executed, effected, complsted, compl~ed with and ab~ded ~iy, tFxn in e~the~ or any ~vch event the said ag gregate sum menrioned in said promisswy note then remaining unpa~d, with interest accryed, and alf moneys secured hereby, shall become d~e artd pay- able forthwith, or tiiereafter, at ?he option of said MORTGAGEE, ai (ully and completely as ii al) of 1he said sums of money were originally supulated to be pa~d on such day, anything in sa:d prom~sswy note or in th~s Mortgage to the contrary notw~thstand~ng; and thereupon a thereafter a~ the op~~on of :aid MORTGAGEE, without notice or demand, suit at law or in equity, therefore w thereafter begun, may be proxcuted as if all moneys secured hereby nad matured pnor to ~ts institution. 7. That in the event ~hat at the beginn~ng of or at any time pending any su~t upon this Mwtgage, w to iaeclose it, or to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to ifie Court having jur~sd~ction thereof for ~he appointment of a Receiver, such Cour1 shall Forthwifh sppoint a receiver of said mortgaged property all and singuiar, includ~ng all and iing~lar the income, pro(~ts, issues and revenues f~om whatever source derived, each and every of which, it being expressly understood, is hereby morlgaged as if speufically iet fwth and dexribed in the granting and habendum ctauses hereof, and such Receiver shatl have all the b.oad and effective funcr~ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shalt be made by such Court as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and without referente to the adequacy w inadequacy of the vslue of the property mortgaged or to the so:vency w insolverxy o( saEd MORiGAGOR a the defendants, and ~hat such renfs, profits, incane, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Courf. 6. To duly, promptly and fully perform, d~scharge, execute, eifcct, compiete, comply with snd abide by each and every the atipulations, agreements, conditipn~ and covenanrs in sa~d promissory note and this mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a.person other than the MORTGAGOR, the MORTGAGEE, its successors and aasigns, may, without notice to the MORTGAOR, deal with svch successot or successw in interest with referente to this mortgsge and the tiebt hereby secured in the same manner as with Nb.rgagor w~thout in any way vitiati~g a d~scharging the Mlortgagors' liability herr under a upw~ the debt hereby secured. No sate of the prem~ses hereby mortgaged and no forbearante on the part of the MORiGAGEE a its successws o~ ass~gns and no exte~sion of the time for the payment of the debt hereby securcd given by the MORTGAGEE or its successws or assigns, a;tiail operate ~o release, d~uharge, mod~fy change w affect the origmal Iiab~Gty of the MORTGAGOR herein, either in whole or i~ part. 10. tt is specifically agreed that time is of the essence of this contr~ct and that no waiver of any obligat~on hereunde? or of the obligation sr cured hereby shall at any time thereafeer be held to be a waiver of the terms hereof or of the imtrume~t secured herby. , enants ar,d agrees to pay ro mortgagee vrith each moothly pay~nent an add~~ional sum est~mated by mortgegee to be equal to 1 j 12 0( th o the low- ing: A-All reai property taxes levied or assessed agai~st tM above descr5ed real ~ B-Prem~ums on fire and windstorm insurar.ce as here~n r carried on the improvements situate on the above described premises. i C-Premiums on such mortgage nce as mortgagee shatl from time to time deerrt fit to tarry on th hereby. ! Mortga ~me to time notify mortgagor in writ~ng of the amo~nt due and pay e?eun r a such sum shafl the pon be due and ~ ! F ayabl due date of the next monthly payment and each successive month thereaft:r ur. mortgagee • 1) otify mortgagor of change in suth a . .u ,~wi~~~ uwwMy insurance premiums_ ~ ~ IN WITNESS WHEREOf e sai ORTGAGOR has hereunto set his hand and seal the day and ye first sf esaid_ , Sealed and liv red i th presenc of: ~ _ F EO ANO RECORQEQ a"''~ •4 S~LUCIE COUNTr FLA. aul H oro h (xan ROCER P01T+iAS ~ & 'L~.C CIERK C~riCU1T COURT~ a4 ~ _ REC~JPOVf~:F~E~_.~..,,~ nna esborou h ~~a~ ti SiATE OF FIORIDA 10 3a AH'TZ ~ COUNTY OF SL . LI1C1Q ~ ~ c ~ Paul H. Desborou4h ~~`~~0~ Befwe me penonally appeared and DOT1Ils'~ Desborough his wife, to me well known and known to me to bs r rhe individusls dex?ibed in and who executed tFro fwegoiny instrument, and acknowledged befwe me that they executed the same.for IM purposes ~ Donna Desborou h N therei~ expreased. Nnd the said 4 ~ wue or the sa;d Paul H. Desborough ~ ~,eP;,;f; ~ >zam~nation by me taken teparate and apart from her said hushand, acknowledged to and before me that she executed said instrv rt fti~r Mtd-v~MpF _ ra~dy and without any compulsan, consfraint, apprehe s` a fear of w from ixr said husband. ~ . • WITNE55 my hand snd official xal this_ T~, day of ~rCh •,A. Q 19 7~ - ~ ~ No ~ry P~blic in and i the Stafe O~ ~Flaid~ af lu~ - ~Y M Commission expires: ~ ~ _ ~ ' : - ' , Retum To: NOTARY PUB:~C '''~~~1E Cf hL.'1~'!QI(A'r L~R(~ _y -.{-t" - First federal Savings 6 loan Associat+on MY C~~'~~.~1~:~~'"• ~.Y:~ " " ' 7 ~ . ' - Of Fort Pe:ce. CEVI.'ti~e!_I~:.ur`.~,:s:,•.,:~~••.~r.te ::~._i~~J'~~~i: _ Fori Pierce. Flor~da 3- ~ , This Instrument Prepared By John N:. Collins First Federa! Savings 8 loan Association of Fort Pierce , Flor ida Checked By ~ ~ • biplt}~'' '~.s . ~ ti. Lw i ~ ` ' ' 1 • h 1 ? : 71~ a < ~ ~i .t ~+i' ~ ~ ~ ~ ~ S • ' . . , , ` ~ ~~f ^ - _ _ ~ ~x.~'-.~~,x.~~" ~ a.µ . q.~ --~v~-~' _ ~ ~ r ~ } r~r. `Y"r`"~ ~`n- ~,~,r ' ~Wc i ~,u~e~ ~~''ri,~.~ _ _ ,-.._.x~ _ . . ~ . . _ :z~'~,_.:~x~,