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HomeMy WebLinkAbout0008 i i i To p~xe a^d cc~+~~~~~+~y ~Kt+ ~~'d,++g~ now « Fvr~~ttN utv~~~ on sa~d I~nd a~d on ali eq,,;~~ •~d pe.w~+•~ty co~•..d by ~hc~ ~na •qs. w~~h •II premwmf t?rortoe {~a:d ~n 1u1l, I~re intw~nct m the uswl tt~nda~d po~~cy fwm, ~n • t~m •Hwo~td b~ Ihs JNOR~GAGEE. and winds~o a ~nsv~a~+t~ in ~M u~wl ~taixle~d poi.ty Iw~n, in a wm appw.~d by tM MORTGAGEE. in iucA co~np~ny et tompan~es as ~?N MORIGAGEE ~ dueu; and all fu~ a~d w~nJs~orm mwr~nc~ poikK~ on ~~y of s~~d bui~d~nqa, ~ny ~n~~~~s~ thcre~r+ or parr ~F~ercol. in iM ~Qq~tp~tt fum afore~aid in exceu therao(, tiMU conram ~h~ u~ual s~andard mor~9s9~e d~utie w sucA otM~ ciaus~ ~i the Mor~pagee may ~~qu.r~. m~liop ~M Iosi u++de~ •a~d po c~es, each a~d eve~y. p+yab:e to said MORIGAGEE as ~~s ~~~rrest may app~a?, and e~ch apd eve.y ~ucfi po:rc~ sha11 be promptly au 9ned and delivered + •ny heW by sa~d MORIGAGEE ~s (ur~her secu~ity to sa~d mortpay~ debt. and, nol Itu tMn t~n (10) days in ad~a~~ce o1 the e~p~~a~~a+ of each po1Ky. 1o d~ I~ver to ze~d MORiGAGfE a re~ewal the.cof, ~oqe~her wi~h ? rece~pt fa the p~emiwn o( sucF~ renewal; and there shatl ba no i:re or winds~o~~~ insurant pleced on any of said buildings, any intc~eN the~e~n or parl ~hereof, unless in ~M (orm and wi~h tM los~ payable as ~Foresaid; and +n ~he even~ +ny su~ of nwney becomes payable under such policy a pol~cias wid MORIGAGEE shall Mve tM option to rrc~iYe and appty ihe a+me on accou~~ of the i.~debted ness secured hereby or ~o perm~t sald MORTGAGORS to ~eceive and ut~ it or any part thereof 1or oiucr pu~EOars. .•.~~ho.,t ~h u~ wa~~~.~g or ~mp.~~* ~1 ~ng any eqv~ty, lien o~ r~qh~ under or by virtue of ~his mor!gagr; and in the ~vent said MORiGAGORS shall Ea any reason fai~ to keep ~he sa~d p~emisrs w i insu.ed, a fail ro dcliver promptly any of said policies of in?urance to ia~d MORTGAGEE, M fail promptly to pay tully any preniium the.etor a in a~y 4 respect fail to ps~(orm, discharge, execute, effect, complete, ca-nply wirh and abide by this covanan~, a any part hareof, said MORTGAGEE may p~ate a~.d ~ pay fa such insurance w any parl the~eof without waiving a affecti~q any option, lien, equity, o? rlgh~ undtr w by virrus of this Matgagr, and the ~ f~ll amount of each and every such payment shall be imrnedi+tely d~e aod payable and ihall bear interest from tM date the~eof v~til paid ~t the rate o1 ~ n~ne per cemum pe+ annum and toge~he~ with such inte~est shali be secured by th~ lien of this mortgage. ~ 1. To permit, tommit or suffe~ ~o waste, impai~meM or deterio~ation of said p?operty w any pstt thereof. 5. To pay all and singutu the costs, charges and expenses, including a reasonable at~aney's fee and costs of abstracis of title, incur?cd w paid at any time by sa~d MORTGAG:E, becaux or in the event of the fa~lure o~ the part of ~he said MORTGAGOR to duly, promptty and fully perform, d~xharge, ~,cecure, effecl, complete, comply w~th and ab:de by each and every the stipulations, agreements, condilions, and covenants of said promissory note and ~his mortgage any or eithe~, and said msn, charges and eapenus, cach and every, shali be immediately due and payabte; whether p not ~here be notice de- mand, attempt to coiiect w suit pend~ng; anu i'ne fvii amounf oi eath arxL e~ery such paynuni sh.wl: bzar ir.:z:est from the date th~reaf unti! paid et t!x ~ r.;ie of nine per centum per anuu:n; and all said costs, charges and expenses incwred or paid, together w~th such iNerest, shall be setured by the lien of this mortgsge. 6. That (a) in the event of any breach of this 1Nortgage w default on the part oi tne MORTGAGOR, or (b) in the event any of sa~d sums of money herein referred to be not piomptly and fully paid within thirty (30) days next after the same severafly become due and payable, without demand or notice. or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa;d promissory nofe and th~s mortgage any a either are not iu~y, promptly and fully performed, d~scharged, eaecuted, eifected, completed, compl~ed w~th and abided 5y, then in ei~her or any svch event the said ag gregate sum mentioned in said praroisswy nore then remaining unpaid, with interest accrued, and all moneys secured hereby, shall betort~e due and pay- abie fwthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the said sums of money were originally st~pulated ro be p+~id on such day, anything in sa:d prom~sswy note w in this Mortgage to the contrary notwithstanding; and thereupon w thereafter a1 the option of sa~d MORTGAGEE, without notice w demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured F~ereby n~d matured pr~or to its institution. _ . 7. That in the event that at the beginning of w at a~y time pending any suit upon this Mwtgage, w to foreclose it, or to reform it, o~ to enforce payment of any claims he~eander, said MORTGAGEE shall appiy to the Court having jurisdict~on thereof for the'appointment of s Receiver, suth Court shall fc~fhwith appoint a receiver of said mortgaged property alI and singutar, includmg all and sir,gular the income, profits, issues and revenues I~om whatever sou~ce derived, each and every of wh~ch, it beiry expressly understood, is hereby mortgaged as if spec~ficalty xt forth and dewibed in the granting and hsbendum clavses hereof, and such Receiver shalt have a~l the broad and efieUive funct~ons and powers in anywise entrvsted by a Court to a Receiver, and s, ch aFpointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without referente to the adequacy w inadequacy of the value of the property mortgaged or to the sotver+cy or insolvency of said MORiGAGOR w the defendants, and that such rems, profits, inco~ne, iss~es and revenues shall be applied by such Receiver according to the lien or eqvity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, d7scharge, execute, effect, comp~ete, compfy with and abide by each and every the stipulations, agreements, condit'ans and covenants in said promissory note and this matgage set fwth. 9. That in the event the ownership oE the mortgaged premises, a any part thereof, becomes vested in a person other than ihe MORTGAGOR, the r.10RTGAGEE, i!s successors a~d assigns, may, without notice to the MORTGAOR, dea! wifh such successw or successor in interest with reterence to this mortgage and the debt hereby secured in the same manner as with Mortgagor witho~t in a~y way vitiatirg w diuharging the Mortga9ors' liability here- u~der or upon the deb~ hereby secured. No sate of the premises hereby mortgaged and no fo.bearance on the pan of the MORTGAGEE or its successors ~ or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or auigns, a~ all operate f to release, discharge, modify chanqe or affect the original liabitity of the MORTGAGOR herein, eithe~ in wlale or in part. 10. It is specifically agreed that time is of the rssence of this contract and that no waiver of any obligation hereunder w of the obligatan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In acid~tio~ to the (orego:rx~ monthly payments of princ'pal and interesl required by the prom~ssory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgegee with each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1;`12 of the annual cost of the foilow- ~ ~ - i ~,g: A-AII reai property taxes levi~d or assessed agai~st the above described real estate. ; B-Przm~ums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above described premises. . ~ C-Premiums on such mortgage guaranty ir.surance as mortgagee shall irom t~me to time deem fit to carry on the loa~ secured hereby. ~ Mwtgagee shail {rom time to t~me notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and ~syable on the due oate of the next month!y payment and each successive month thereaft~r ur.til mortgagee shall notify mortgagor of a change in such a•~ount_ Such sums sF.a:l be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty ins~rance p~emiums. ~ ~ WITNESS Y~HEREOF, the said MORTGAGOR has hereunto set his hand and seai the day and year first aforewid. i ` S' n d, Sealed ~nd delive in th presence of: ' S ~ ' an _ L ~ B Z1V a4 - ~'^t~fa4 ~ _ (~a0 ~ SiATE OF FIORIDA t ~ COUNTY OF St . Lucie j ~ j Before me personally appeared ~?ZOlt~ E. Sullivan ~ a„~ _ Mazy Ellen 5ullivan his wife, to me well known and krwwn to me fo be the individuals described in and who executed the foregoirg instrument, and acknowledged befwe me that they executed the same for the purposes ~ rherein expressed. And the sai 1 n Sullivan ~ te of the sa~d H8 Ol E S~i 111V 3:I1 ~••ti'p~•ti K and pr;wte examination by me taken separate and apart from her said husband, acknowledged to and before me that she ex ' ,daid irytrySmen~' and volun- !ar~ly and w~shout any compulsion, constraim, apprehen "on, fear of o~ from her said husband. ~';~,y.~`~` ,~%.r~ ~ WITNE55 my hand_ ar?d official seal thit day of rCh . ~'%1. @. lq 72 ; ~ ~ ; 4 Noqry Public in and foi~~l State ~da~i~i~e My Commiuion expires: ; v ~~~A ~ ~E 7 Retum To: ~~r - ~ ' ~ First Federal Savings a Loan Associat~on Mr 1~~lj~nk0lf IIISUt1tIC! ~ ~ O( Fort P~erce. ~ Fort Pierte. Florida ~ . ~ ~ fILEO AMO RECQ_RQE~I• ~ ` . ~ iT, WCiE COUNrr it11 This Instrument Prepared By RiChaZd K. Kayes pOCER POtTf1AS ~ ~ First Federal Savings 8 Loan Association CLERK CIRCUIT COURT ~ ~ of Fort Pierce ~ Florida R[CORD vERIF1E0 Checked By v~ I I 15 ~H .Q . 600K 2O1 PACE O ~Z.~s~S ~ _ ~ . , - _ _ ~ ,~q.~~,~ ~ - ~ v . .