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Home My WebLink About2216 " 1 3. To place and continuowiy keep on the bui:d~r.gs now or hrreafte~ i~~wro on sa~d land and on a~~ rquipment and personally covered by this mw ags, with sll p~emi~ms ~hrreon pa~d in 1ull.. fire insurance ~n the us~al standard po:lty fO~m, in a sum approved by Ihe h10RiGAGEE, and windi~o fnturonte in the ususl st~ndard pol.cy form, in a sum appro.rd by the A\ORTGAGEE, in such tompa~y o~ compan~es as the A50RTGAGEE m d~rect; and alI fire and w~ndetorm insurance poGc~es on any of sa~d b~,;!d.ngs, any inrerest there~n or pa+~ thereol, in the aggregate sum aforesaid in excess thereof, shaU contain the usual standard mortgagee rause or such aher clause as the Mortgagee may requ~re, ma?ing tha loss under sa~d po c~es, each and every, payable to aaid MORTGRGEE as ~ts inter~~st may appear, and each and every auch po~~q shall be p~omptly ass gned and dee~vered ~ any held by said MORTGAGfE as funher secur~ty to said n,ortga~e debt, and, not less ~han ten (10) days in ad~ance oi tha expirat~on of each pollcy, to d~ Ine? t0 said MORTGAGEE a renewal Iheteof, logether with a rece~pt for the pra:nium of such renr~al; and there shail be no fire or windstwm iniuranc ptaced on any of sa~d build~ngs, any inee~est fhere+n w part ~herrof, unless i~ ihe form and w~th the loss payable as afo~esa~d; and in the e~en~ any sun of money becomes payable u~+der such policy o~ pol~ci~xa said MJRiGAGEE sh.~ll ha~e ihe op~~on to recrive and app!y the same on accoun? of ~he i~~drbted ness secured hereby w to permit sa%d MORTGAGORS to receive and use it a any part thP:eof for o;n~~r purE:~srs, viiiho~t th~•~o~ .vaivi~~ or impair ing any equ+ty, lien or right undar w by virtue of this mo:tgage; and in the event sa:d MOBTGAvORS shall for any reason fai! to keep the sa~d premisrs so - insured, or faii ro deliver promptly ~ny of sa~d poGues oi insu~ance Io aatd MORiGAGEE, or tail promptly to pay fu;fy any pre~n~um thereiw or in any . respect fail to periorm, d~scharge, exec~te, effect, canptete, co+nply wi~h and ab~de by this cove:»nt, o~ any part hareof, sa~d MURTGAGEE may plsce a~d pay fw such insurance or any part thereof without waiving or afiecting a~y opnon, lien, equrty, or ri~ht under or by virtue of this Mor~gage, and th~ t~ll amount of each and e.ery such payment shall ba ~mmediarely d~z and payable and shall bear inte~est from tfia date ihereof umil pa~d a~ the rate oi nine per centum pet annum and to~ether with such intarrst sha6 srcurcd by the lien of This mortgage. 1. To permit, commil w suffer no waste, impairment w deterioration of wid prope~ty er any parf thereof. S. To pay a~l and sin9vlar the costs, charges a~d expensrs, ~nctud'+ng a~easonable attor~ey's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because w in the event of the fa~ture on the part of the said MORiGAGOR to duly, p~omptly and fully perform, d~uharge. zxecute, effect, tomplete, comply w~th and ab:de by each and every ~he stipu~a~~ons, agreamann, cond~t~ons, and covenants oi sa~d promissory ~ote and this n,ortgage any or either, and sa~d costs, charges and expensrs, each artd every, shall be immediatety due and payable; whether w not there be notice dt mand, attempt to collect or suit pend:ng; and the full amount of each and every such paymem shall bear interest from the date thereof until paid at the r.~ee o~ nine per centum ~r ann~ n; anC all said costs, charges and ea,~enses irxurred or paid, toyether wAh such imerest, ihall be secured by the lien oi thi~ mortgsge. b. That (a) in the event of any breach of this Mortgage or defauit on thz parl of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein reFerred to be not pror.iptly and fully paid wi~hln th.r~y (30) da~s next airer the iame severo:ly become due and payable, without demand o? notice. er (c) in the event each and every the stip~~at~ons, ag~eements, cand~t~o~s and covenants of sa.d promissery ~ote and th~a mortgage any p either are not iuly, prompNy and fully performxd, d~scharged, eaecuted, effecteci. completed, compl~ed wifh and abided Sy, then in eithe~ w any such event ths said ag gregate sum mentioned in said promissory note then remaining un~aid, with inrerest acuued, and all moneys secured hereby, shall become due and pay- aoie forthwith, w tfiereafter, at the option of said MORTGAGEE, as fu~ly and complefely as it all of tlie said s~ms of money were a~ginally sriputated to be pa~d on such day, anything in sa:d prom~ssory note or in th~s Mortgagr to the conirary notw;thstand~ng; and thereupon w thereafter at the opuon of sald ~AORTGAGEE, without nonce or demand, suit at law w in equ~ty, therefore or IAereafier begun, may be prosec~ted as if a!1 moneys secured hereby n~d matured pnor to its institution. That in the event that af the beginn~ng of o~ at any time ~,endir.g any s~it ~pon this Morfgage, or to foreclose it, o~ to reform it, or to enforce payment of any claims hereunder, said MORTGAGEf shall appty to the Court havi~~g ~ur.sd;cf:on thereo! for the appo~ntment of a Receiver, such Court shall fcrthwith appoint a?eceiver of said mortgaged property all and singu!ar, inc~ud ng ai! and s~ngular the intome, profes, issves and revenues from whatever s~urce derived, each and every of wh:ch, ir be~ng exp~essty undersiocd, is hereby mor~yaged as if spec~(ically set torth and described in the g~aming ano habendum clauses hereof, and s~ch Receiver shall have afl the b.~ad and efFecr~~e fv~~c:.ons and powers in anyw~se entrusted by a Court lo a Receiver, and s_ch appointme~it shall be made by such Co~n as an ad,nitred eq~ity and a ma!ter of absol~te r;ght to said MORTGAGEE, and withoul reference to the adequaq or inadrquacy of the value of the p.operty mor~gaged or to the se.vency or ~n;avency o1 sa~d IdORiGAGOR o~ the defendants, and that such re~ts, profits, inco.ne, issues and revenues shall be appi~c-d by such Recr~ver accordang to the lien or equit~ of said MORTGAGEE and the practice of such Court. 8. To d~:y, promptly and fully periorm, d~scharge, execute, effect, comp~ete, comply with and abide by each and every the stipulations, agreements, + :onditions a~ covenants in sa~d promissory no:e and ih~s mortgage srt forth. ; 9. That in the event the ownership of th~ mortgaged pren,ises, or any part thcreof, becomes vested in a person other than the MORTGAGt7R, the ORTGAGEE, its s~ccessors and ass~gns, may, wirhout nat~ce to the V!ORTGti02, deal w~~h such successor w successor in ~nterest with reference to this r, o-tgage and the debt hereby secured in the Same manner as vvith lAortgagor w~thout in dny way vitiating or d~stha~ging fhe Mortgago~s' iiability here- u^der w upon the debt hereby src~red. No sale of the premises hereby mortgaged ar.d no forbearance on the pa~t of the MORiGAGEE w its Successon o~ assigns and no exte~sion of the t~me fo~ the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, ,hall operate ro reiease, d~scharge, modify change or affect the orig.nal iiau~Gty of ~he 6',ORTGAGOR herein, either in whofe or in part. 10. It is speufically agreed that t~me is of the essence ef th~s contracr and that ~o waiver of any obl~gat~on hereunder w of the obligation se- cured hereby shall at any time thereafter be heid to be a wa~ver ef the terms hereof or of the instrumeM secured herby. 11. !n add~tio~ to the fcregc"ng month'y pay:n~rts of p:i,u rat and i~.tcrest requ~red by the prom sscry no!e s.cured hereby, mo:tgagor covenants ' >~,d agrees to pay ta mo:tgagee wuh each monThiy pa,~~ent an add~riunal sum esr.,rared by mortgagee to be equal to 1. 12 of the annual cost of the follow- i ~y_ I ! A-All real property taaas levied or assessc3 aga~•,st the above descri~ed real esrare. ~ B-Prem~vms on f~re and w~ndstonn insvrar~e as hereln n~q,,;red to be carr~ed on the ~m~.rovemeits s~tuate on the above described premises. ~ C-Premiums on such mortgage guaranty ir.wrar.ce as mortgagee shail fio~c t me to time deem fit to carry on the loan secured hereby_ s Mortgagee sha!I f~om ti~ne to ti:ne norify mcrtyagor in writ~ng of the a~:.o~~t d~e and payable hereundrr and auch surn shall thereupon be due and ~ ~.svable on the due date of the r.exr month[y paymenr and each success;ve month thereafter ur.til mortgagee shall notify mortgagor of a change in such ; a~,ount. Such sums shaii be applied by mortgagee toward the paymeni of real property taxes, inwrance prem:ums, and morigage guaranty insurance t ;t°emiumS- ~ IN ~VITNESS NHEREOF, the said MORTGAGOR has hereunto set his ha~~d and seal the day and year 1' st fore 'd./ t igned, aled ar~d d liver the presence of: ~r' V1/ ~ r ~ t r~G'~I,t ~ a4 ~ z _ ~ ' Joh R. Linle ~~,p E - al) ~ P i' A L' nl aq ~ - ~ ~ ~ SiATE OF FLORIDA ~ COUNTY OF SL . L11C 1Q ~ R Before me personally appeared - .~Otlfl R. Linley a~ _ Patricia 1e1. Linley _ h~s wife, to me weil known.and known to me to be ~ rh~ individuats described in and who executed the fwegoing inssrument, and acknowledged before me that they executed th! sama 4or the purposes ~ ~ rherein expresscd. Arid ihe .a~d Patricia A. Linlev ; ~ " _ ~ ~:~~e of the said John R. Linley ~~~pe;,; a sepaaf! snd private e.amination by me taken separate and apart from her said h~sband, acknowledged to and betore me that she executed ssid i~sfrumeM. fieely end votun- ! ra~,Iy and wrthout any compu~sion, constraint, apprehens~ n, or f ar of a from her said husband. r+'~ " WITNESS my hand and official sea! this_~~5~ _ day of Marc ` -~,i?. n. ~g 72 • - Notary Publit in and fos ~ state o~'f,~~lA +t ge ~ My Commasion expires: Return To: ~ ~ first Federal Savings 3 loan Association ~~Pd~UE;~S7A?Eof fl~~tnq 3~ t~,q,^~ _ Of fort P:erce. B~j~QN EXP;or~ T. ~ S ~ - Fort Pierce. Florida Y~pf~i3n J=',~tr3 r.,,,•,:.~ :y'_ ' fIlEO AMO RECOAp~ ST. LUCIE COUNTY fL~ ROCER ~OITRAS CLERK CiRCUIT COURT This Instrument Prepared By John W. Collins R`-CORO VEP.iFIEp.~,~~~ First Federal Savings 8 Loan Association of Fort Pierce ~ Florida M+~+r 13 l136 PN 5. ~~r Checked By ~ ~ . , 22fi1.32 - a ~ QVI~M1~/~~ ~aCE2215 ~ _ ~ ~ _ . . . , _ _ _ . _ _