The URL can be used to link to this page

Home My WebLink About0549 To pl~ct ~nd con~inuovity te~p on ~M bu~:d~~+ps now a Mrea(Itt ~i1wN on faid I~ewd and on ~11 puipm~M .od p..so~.i~~ cow..d by ~h~• ma ap~. wi~h ~11 pr~mium~ therew? pa~d i~ full. lir~ in~uranc~ in th~ utual stand~~d po!icy ~orm, in • sum appowd by tM NWRtGAGfE. snd w~nd~~o inw~ance in tM wwl s~ar~da.d pol~cy (am, i~ • wm approv~d by ~M MORTGI?GEE, in ~uch company a compan~ as U+~ MORiGAGfE m d'a~dt and ~II fu~ and windswrm insuranu policiy on an~ of s~~d build~ny~, ~ny iqqr~~~ ~herei~ o? pu~ tMreol, in tM apqre~~e wm afo«~a~d le ~xcea tAe~wf, s??~II ca+tain tM v~wl sandard ma~~a9ee c~aus~ a s~.ch o~hs~ ctaus~ ss tM Mwtyaqee may rpuu~. ma~inp ~h~ Ioss und~. s•d po ciy. ~ach snd ~vMY. paYabl~ ro ssid MORiGAGEE ~i ~ti interes~ may appear. and each and werY s~ch pol~cy sMU b~ promptly asi.qned and delivKed ~ ~~r h~W by said MORTGAGEE ~s ivrther security ~o sa~d mortyap~ debt, and, not less ~han ~~n (10) days in ad~~nce of tM expirata~ of each pol~cy, to d~ IivN to iaid ly{pRTGAGfE ~ r~ntwal the~tof, toperhtr with a aecaipt for ibe premium of tuch renewal; and 1M~a ~Mil be no fu~ or winds~wm insvr~~t plac~d on ~ny of said buildings, ~ny inte~eif therein or pu1 ~he~eof, u~less in the form end with tM lou payabte as afw~said; ~nd i~ tM ~vent any sun of mwwy pecane~ pay~bl~ und~r sucfi policy w policies said MORTGAGEE shaU havs rM optioe~ to receive and apply th~ iame on atcouM of tM indebted ness setv?ed h~repy pr fp p~rmit sa«d MORTGAGORS fo recrive ~nd us~ il p any part thereof fa othc? p~rposes, wi~ho~t th~~fb~ waivi~~g ax enpair inp x?y eqv~ty, lie~ or ri9ht unde~ a by virtw of this mor:~age; and in th~ ~vent sa~d MORTGAGORS shalt fw any reaso~ isil to keep ~he sa~d prem+sa w tr?sured, or falt to dalive~ promptfy any of uid pol;c:es of ins~.ance to s~td MORTGAGEE, a fail promptty to pay futty any pranium the~efw w in a~y resped f~il 1o paform, dixharge, execule, af(ed, complete, comply wi?h and ~bide by this covenant, or sny par~ hereol, said MORTGAGEE may pfKe and s~+....~.,,,. wny oar~ the~eof without waivinp or ~ffectinp any option, lien, pv+ty, a right vnder a by virtw of this Mat9aqe. and the full ~mount of each and ev~~y s~ch paymeM ~iull be immediately due antf p+yaDte and iha1~ bear ~niQltSi i+w~~ iiw u'ato t.cce~. ~r.;: stx rate- 01 ~ine per tent~m per annum and to~ether with such inte~est shali be secured by the lien of this rtwrtyaye. E 4. To permit, oommit u suffer oo wute, impai~ment or detaaration of wid property or any pan thereof. S. To pay aIl and singutir the costs, ch~rges ~nd expenses, including s reasonable attwney's fee and wsts of abstncts of title, incu?red o~ paid at any time by said MpRTGAGEE, becwse or i~ the event of the failure on the pan of the said MORTGAGOR to duly, promptly snd fvlly perform, dixharqe. execute, eifect, complete, canpfy with and ab:de by each and ~very tF~e stipulations, agreemenri, conditions, and eove.~ants of sa~d prom;ssory note and ~his mortgape any or eithe~, and sa~d costs, charges and expenses, each and every, shall be immediately due and payab~e; whether or not there be notice de mand, sttempt to colkct or suit pending; and the full amount of each and evay such payment shalt bear intereat from the date thereof until paid af the rate ot nine ptr centum per an~~um; and all said costs, charges and expenses inturred or paid, together with suth interest, sMall be setured by the lien of this rt'or?page- b. That (a) in the event of any breach of this Mortgage or defa~lt on the part of the MORTGAGOR, w(b) in the event any of sa~d aums of money herein referred lo be not promptty srxl fully paid within thirty (30) days next after the same seve~afly betome due and payable, without demand w notice, or in the eveM eath a~d every the stipulatiorts, agreeme~ts, conditions and covenants of said p~omissory rate and th~s mortgsge a~y p either are-not ~uly, promptly and fully pNformed, diuharged, executed, eifected, completed, complied with a~d abided Sy, then in eithei or any tuch eveM ths said ag gregata sum ment'qned in said promissory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall betome due and pay- able forth.~ith, or the?esfter, af the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were originaily stiputated to be paid on such day, anything in sa;d promiuwy note or in this Mwtgage to the contrary notwithstaruling; and thereupon or thereafter at the option of said MORT-GJAGEE, without notice or demand, suit at law or in equity, therofore or thereaiter begun, may be p?osetuted as if all moneys secured hereby i~au ~TNi~ii~V ~s~r £s~ ~!Y~i1l~~u~w_ That in tF+e eve~t that at the beginning of or at any time pending any sv7t upa~ this Mo?tgage, d to fae+tlost it, or to refwm it, or to enforce payment of any claLms hereunder, said NIORTGAGEE shall apply to the Court having jurisd~ction thereoi iw the appointment of a Receiver, such Court shall fwthwith appoint s receiver of said mortgaged property all and singular, includ~ng all and s~ngular the income, p~o~its, iuuss and revenues from whatever source derived, each and every of which, it being exp~ess~y undersrood, is hereby mutgaged as if speufically ut fwth and detcribed in the g~anting and habendum clavses lxreof, and such Receiver shall have all the kxoad and effecrive funct~ons and powers i~ anywise entrvsted by s Court to s Receiver, and such appointment shall be made by such Court as a~ admitted equity and a matter of absolute r;ght to said MORTGAGEE, u~d without reference to the adequacy a inadequacy of the value of the property mortgaged or to the wwency or insolverxy of said MORTGAGOR w the defendants, and that such rents, profits, irxane. iuves and revmves shall be applied by such Receiver according to the tien w equity oi ssid MORTGAGfE end ihe practice of such - Covrt. - 8. To duty, promptly and fvlly perform, discharge, execute, effect, cwnplete, comply wifh and abide by ~ach and every ihe stipulations, sgreemenb, condiYqns and covenants in said promissory note and this mortgage set fwth. 9. Thst in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perton other fhan ihe MORIGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such s~ccessw or successor in interest with reference to fhis matgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or dixhargirg tlx Mortgagors' liability herr under w upo~ the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its sutcesson or augro and no eatension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its auccessors or auigns, shall operats ro releasc, discharge, modify' change or affect the wig;nal liab~lity of the MORiGAGOR herein, either in wnoie or in pari. 10. It is spet~fically agreed that time is of the essence of this contract and that na waiver of any obl;gaf;on hereunde? w of the obliyation se- cvred hereby shall at any time thereaiter be held to be a waiver of the terms hereof or of the. instrument secured herby. 11. In add~tio~ to the forego:ng monthly payments of princ"pal and interest required by the promissory note secured hereby, mortga~or covenants and agrees to pay to mo:tgagee with each monthly payrnent an addiiional sum estimated by mortgagee to be equal to 1 J 12 of the annual tost of the follow- ing: . A-All real property taxes levied or assessed against the above described real estate. - B-Premiums on fire and windstorm insurarce as herein requ~red to be carried on the improveme~ts situate on the above dasvibed premises. C-Premiums on such morfgage guaranty insurance as mortgagee shall from time to time deem fit ro carry on the loan secured hereby. ~ Mortgagee shatl from rime to time no?ity mortgagor in writ;ng of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of ?he rtext monthly payment and each successive month thereafter urtil mortgagee sha11 notify mortgagw of a charge in such amount_ Such sums sF.ali be applied by mortgagee toward the payment of real property taxes, insurance prem:urtu, and mortgage guaranty insurante premiums. - WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and sea) the day and year first afwesaid. Sealed and deli in esence of: i r ~ . ~ , e R V q S TE OF FLORIDA 1 courmr oF ~t. L~~ia i ~ Before me personally appeared S~1~ R• ~BUQ~ll1, Jr. e~ ~Sr3~r~6 R• ~812~II his wife, to me weti k~ to me tq bs the 7ndividvsls deuribed in and who executed tMe foreyoing instrument, and adcnowledged befwe me thal they exeqrt i trw purposes therein expressed. And the sa' O R Q wife of the said .Sh91~V R. ~81]Q'~1~Jr. ~~~~,•`uppn a•se}1r~'%~nd privat~ examination by me taken ceparate and apart from her said husband, acknowlcdged to and befwe me that she executej~s~1~ ~nst?umeM R~t "fnd wlurt rarily and withovt any compulsiar, const~ainL app~ehension, or feu of w from her said husband. ...7' WITNESS my F~snd and official seal this 6th day of ~=11 ~L+ ~q~ • . ; 4r: ~ / Notsry Public in and fw ~ ~ s.~ ~,arps My Commiuiw~ expires: ~ , ReNrn Ta NOTAN'1f, • STATf d FIORIDA ~t LAR6E Pint Federal Ssvings b toan AssociaYan M1f C0~11i1SS10N EXpIRES SEpj. 2S. 1975 Of Forf P~erce. ~ ~ ~ Fort Pierce, Flaida f ~ED ANO RECOII ! IUCIE C0t~1~TY ~ This Instrument Prepared By JOhII iiiT. C0113118 ROCER PaTi1i1E ~ First Federai Savings ~ Loan Association RE ORO VERR ;~p C~~Rt of Fort Pierce ~ I~Or~B ~ Checked By ~ l 2 i3 PM . ?.T 7Q gooK 201 ~A~~ 548 , 5 _ _ ~*~.:~5?:~-- ~ - - - ~ j { ,~r ~X