The URL can be used to link to this page

Home My WebLink About0693 y ~ 3. To lac~ and contin~sl k ~ P Y eep on the bui!di~gs ~row a hereafter sitw» o~ said land and on sll equipment and p~+sonaily cov~red by thl: mor ap~. with all prtmi~ms tMreon pa~d in futl, fi~e insv~anct ~ ths usw! srai+dard poticy fwm, in ~ cum approv~d by IM MORTGAGEE, and windito inw~~na in th~ uswl s~aedard poltcy form, In a sum ~pproved by tM MORTGAGEE. in wch canpany a tompaeies u tM MORTGAGEE n+ dir~dt ~~d all fin ~nd windstam insuranc~ polici~s on ~ny o( ~id bvildinps, any inMrosf therein or pan thsreof, in /M appreyate avm afaesaid ~n ~xcas tF+awf, shall cont~In the uswl ~tanda~d mor~gayae clause a such otha cl~us~ ~s tM Mortqagse may reqvir~. makin~ tM lou uoder said po ci~s. each a~d ~wry. p~Yabl~ ro said MORTGAGEE +s its interest may app~a~, u~d eacA u+d every iuch potiq ~h~ll b~ promptly au:yned and delivered ~ •ny h.ld by s.td MORtGAGEE fwrher secu~iry ro ,aid mo.~psQe d•bb snd, nol less th~ te~ (10) days in advance ot tM expir~tia? of each policy. to d~ liv~r ro s~id MORTGAGEE a r~new~l thereof, topa~Fwr with ~ rece~pl fw tM pr~mivm of s~ch renewall and ~her~ ~hsll b~ no fire a winds~am insuru?c plsced pn any of s+k! buildinps. ~ny i~ter~tt thereie a part tMhoi, unteu in th~ fwm and w+~h th~ lois payable is afaes+id: a++d in the event any svn of monty becoma payable undN s~ch po~Ky or pol;cies taid MORTGAGEE shall Aaw ths optan to receive snd apply tht s~me on accoun~ o( tF?e i~debted ness seturld F~eby Or 1o petmit said MORTGAGORS to receiJe ~nd usf i1 Or any part tF?ereof fw othcr pu~poses, without thareb~ waiving or impai~- ~ng any eqviry, lien or riqht undx or by virtus of th;s morsp+pr, ind in d?~ weat si~d MORTGAGORS sha0 fw ~ny reason fail W keep the s~id premises w insured, a isi) b d~liver promptty ~~y of said polities of inswa~+c~ to ssid MORTG/1GEE, ot fail promptly to psy f~lly ~ny premium therefor or in any respect (ail ro p~rfo.m,, discharge, eaecuts, ~ffect, compte% comply with and abid~ by thi~ tovenan~, p~ny pa,t hereof, said MORTGAGEE msy pl~ce and pay fw such inwrar~q or any part thereof without w~ivinq a affetYag any option, Ii~n, puity, a rigM unde? or by virtw of this Matga~e, and thc + full amounl of tath ~nd w~ry s~ch payment sh~ll be immedi~tely dw a~d payabt~ and shall bea? interesl i~om i!N dats thereof until paid at ths rats of n~ne pet centum pK amum and together with such interest sh~ll b~ secured by tM li~n of this mortq~ye. ~ 4. To psrmH, oomrnlt or wffer no wute, imp~irmcnt a deterioraYwn of aid properry or any p~n the~eof. S. To pay ~II ~nd siegulx ihe co~h, cha~es aod expenset, including a?cason~ble attwney i fse snd costs of abstractt of title, incv?red o~ paid at enY lime by said MORTGAGEE, becwse w in tl+e eve~t of the fai(we a? tha pah of tM ssW MORTGAGOR to duly, promptly and fvlly perfwm, d~scharge, execvre, effed. compkt~ comply w;th end ab:ds br each a~d every the itipula~ior?s. ayreements, conditiau, ~nd covenann of said promissory ~ote and this mangaps a~y w ~i~he~. ~nd said costs, chu~es and expenses, esch and ~very. ahall bi immediately dw and payable: whether or not there be notice da mand, attempt ro colkct a suit pending; snd the fult amovnt of eich and every svch payment shall bea~ interes~ from the date thercof uMil p~id ~t the rare of nine per centum per annum; and all said costs, chargp and expenses iocurred w paid, ~ogether w;rh svch interest, shall be aetured br the lien of this morty~ye. 6. Thst (a) in the event of ~?y Ixeach of this Mwtq~ or dehult on tM part of tF+e AAORTGAGOR, or (b) in the event ~ny of sa~d swns of money herein refared to bs ~wt promptly ~nd fully p~id within thirty (30) days next after the same saverally becor.se due ~nd payaWe, without demand a notite. or in the ewnt esch and every Ihe stipulations, agreements, condiYans and covenants of said promisso~y note a~d thia mor~gsye any or eiMer are not iuly, prompNy and fully perfamed, d;scFwged, executed, effected, completed, complied with and abided by, theo ie+ either or ~ny :uch event tF?e said a~ gregate sum mcntiooed in said pramiuory note thcn remainieg unpaid, with iroerest acuued. and all moneys secvred he~ebY, shall beoane dw and p~y- able fathwith, a thereafter, at the optan of said MORiGAGEE, as fvlly and compktely as FI a!! of ?he said wms of money wers wiginally stiputated to be paid ai such day, a~ythi~g in wid promissory note w in tha Mortgage to ~he contrary notwi~hstsnding; ar?d thereupon w thereafier at the option of said MORTGAGEE, w~thow notice w demand, wit at law or in equity, tFxrefwe p thereaftH begu~, may be prosecuted as if all naneys secured hereby had maturod ~tp to iri irqlitution. 7. That in the eve~t thal aT the beginning of or at any fime pcnding any suif upon this Mortgage, or to foreclose it, w to refwm if, o? to enfwce payment of any da'uns hereur?der, said N1pRTGAGEE sMll appty to the Couh having jurisdid'an thereof for the appointment of a Receivst, such Court shatl Forthwith appoint a receiver of said mortgaged prope?ty al) and sirgufar, includ~ng a11 and singular the income. profits, iuues u~d revenues from whatever source de?ived, eath and every of whith, it being expressly understood, is hercby mongaged u if spetifically set forth ind tksUibld in th! qrsntiog at?d habendum clauses hereof, and such RtceirN aha11 have atl the brosd and effective fvnct~orts and powers in ar+ywise a~t~usred by a Courf ro a Receiver, ~od such appointment :hall be made by wch Court as an admitted equity and a matter of absolute righl to said MORTGAGEE, a~x! withouf re(erence ro the adequacy ar i~adequacy of the val~e of the property mwtgaged or to the solvency w inwlvency of said N10RTGAGOR or the defenda~n, and that svch - renrs, profits, income, issves and revenves shall be aRplied by such Receiver according to the lien oc _quity of aid MOQTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, diuharge, execute, effect, mmplete, comply with and abide by each snd every the stipulatior~s, agreemenri, conditioro and covenann in said promiuory nore arid this mortgage set fath. 9. That in the event the owrie,sh;p of the mortgaged prem;ses, w a~y part thereof, becomcs vested in a person other than the NIORTGAGOR, the MORTGAGEE, its aucccuors and augrts, may, without nptice to the MORTGAOR, deal with such successor w successor in ioterest with reference to thia mortgage and tF+e debt hereby setured i~ the same manner as with Mortgagor withovt in any way vitia~ir?3 a dixharging the Mortyagors• Iiability he~e- und•r p upon tF+e debt hereby secured. No ssle of the Fremises hereby mortgaged and no forbearance on the part of the MOQTGAGEE w ib successon or aug~u and no extension of the time for the payrn~nt of the debt hereby setured given by the MORTGAGfE or its svccessors w assigns, shall operate ~•w+se dixharQe modify tAarge w affett !he original liability of the MORTGAGOR herein, eithet in whole or in part. 10_ It is specificslly agreed that time is of the essence of this contract and that r?o waiver of any obl~gation hereunde? w of tha obligatan sr cvred hereby ahall at any time thereafter be held to be a waiver of Ihe terms hereof or of the inttrvment set~red herby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the promissory rqte secured hereby, morrgagar covenants and agrees to pay to mortgagee w;rh eacb monthly peyrnent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~st 1he a6ove described real tstate_ B-Premiums on fire and windstorm ~nsurance as herein requ~red to be carried on the improvements situate ort tF~e above desaibed premises. G-Aremiums ort suth mortgage gua~anty insurance as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shal) from time to time notify mortgagor ~n writing of the amoum due and payable hereunder and such sum shall thereupon be d~e snd Favable on the due date of the next monthly payment and each successive month tF~e~eafter urtil mortgagee shall ~otify mortgagor of a change in such amount. Such sums sF.a;l be applied by mortgagee toward the payment of real prpperty taxes, insurance prem;ums, and mwtgage guaranTy insurance premiums. ~ IN WITNESS VYFiEREOF, the said MO TGAGOR has reunto set his hand and stat the day and ye~first a(oresaid. . ~ Signed, Se~led and del' d in th resence of: ~ ~'U ~ --I~ea~ ~ Peter L. Cols, a sinale adult ~ ~~sn t ~•n _ K-•~ STATE OF FLORlDA ~ courmr oF St. Iucie u' Befwe me personalty appeared Prater' L~ COl~a~ 8 s3cigle adult ~ii to ms well known snd knowa fd wN to !1e = the individua~ dewibed in and wFa executed the fwegoinp instrument, ~nd ackrwwtedged befwe me tMt jher executed the sarn~ fot tM , thereie~ expressed. Mi~1f~ ,-sLti;;~• - t , wife of ths ssid N4ew'se_p~w~'w~d~.fr~ww ~s~iM?~~shF - • +~w~Niw+rewwMi~~ ~r ~rfw~i ~ . . ~ WITNESS my hand and officisl seal th' - da of v Y ~ _ L~ .It~. : . NWa . Public i~ snd for Stat~ '~otid~,,a~, My Commission expites: • _ . t b',`'`~w . • Retoro Ta ^ . - . . - . First Federsl Savings a losn Assotiat]on 'dOTARY F~vBIIC STAT~ OF FI.ORiDA AT LAR(iE Of Fort P;erce. MY CC: -!!;t~fON EXWR~,q !!1`~. 2, ig]~ Fort P~erce, Florida CaENERAL IN~IlRPNCE UPtDE[tWR17ER , IIVC. ~p~~ f I~E0~'M ~OUM E~~' This Instrument Prepared By J. A. RObe2't9~ dT. ~T. ~~E sO~Tp~s T. ~ First Federal Savings ~ Loan Association ~R~CW~ CO~~ of Fort Pierce ~ F1oTida C~EA ~~o,~i~fo Rf C'~~Q Checked By 54 ` ~ 10 95 . ' 600K~O~ PACE V~ ~~i ~c ~ ~ ~ ~ ls ~ F _ . - - - _ -