The URL can be used to link to this page

Home My WebLink About1365 3. To place and continuously keep on the bui!dings now or herei(te~ ~itu~te on said land and on alt equipme~t and pertonally tovered by thit ma ~ge, with ~11 premiums thereon pa~d in tull, fi,e insurance in ~he u~ual srandard poticy form, in ~ sum approved by ths MORiGAGEE, and windtto inswant~ In the usual sfandard pol;cy fam, in a sum approved by ths MORTGAGEE, i~ iuch compa-p or t~~,:ar~as s~ tM M~4T~AGfE m d~rac~j and all fir~ and w~ndito~m Ensurance poliues on any of taid bvild~nps, any interest therein or pa?t thereof, in tM aygreyate tum afores~id In sxcess the~eof, sAall contain the usual standard ma~gapw clause w ~uch othe~ dauss ai the Matysgee msy requ~r~, maling the loss under •a~d po cies, csch and every, payabla to said MORTGAGEE as iti inlereil rtu~y appear, and cacfi and every such palicy shal! be p~ompfly su.yned snd de~ivered ~ any heid by sa+d MpRivAGEE es t~rtts2r seeu:ity to seid martg~e deb?, and, no~ leu ~han ~en (101 days in advance of the ~xpir~tion of each policy, to d~ liver fo said MORTGAGfE s renewal thereof, togethe~ with a receipt fa the pemium of such renewal; and ~he~e shall b~ no f~re o~ v~indstorm insuru+t placed on any of said buildings, ~ny intere:t therein w pa.t thereof, u~lrss ~i th~ lam and wi~h IM lou payable ai atwesaid; and in the event any tun of money becames payable under such policy or poticies wid MORTGAGEE shall have tF?e opron to receive and apply the same o~ accouro ot ~he indebted ness secured hereby w to permit said MORTGAGOR$ to reteive and usr it a any part thereof fw otncr purposes, v~leho~t thareo~ svaivia~ or unpair +~g any equ~ty, lien w?ght ~nder w by virtue of Ihis ma!gsge; and in the even~ sa~d MORTGAGORS shall fw any reason fail io keep the ssid premises so ~nsured, p isil lo deliver promptly a~y of said policies of ins~rar+ce to s~id MORTGAGEE, o~ (ail promptly ~o pay fully any premium theretor w in any respecf fail b perfwm, discharge, execute, effect, completa, comply wirh and ab~ds by tF~is covenant, a any par~ hereof, said MORTGAGEE msy place and pay fw such iniurante or a~y part thereof without waivin9 w affxting any opt~o~, lien, eqvity. a righl u~der w by vi~tus of this Mortqa~e, and the full ~mount of each and every such paymenl shalt be immediately dw and payabte snd shall bear interest from ths date thereof uroit paid a1 the rate ol nine p~y centum per annum and together with such interest shall be setured by 1M lien of Ihis mortg~ge. To pNmit, commit or sufie~ no wute, impairment or deteriwation of said properfy p any psn thereof. 5. To pay all and singulu the costs, cMrges and expenses, including a reasonable attwney's fee and costs of abstracts of title, insurred w paid at any time by said MORTGAGfE, becaux w in the event of the isilure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~uhar9e. execute, etfett, complete, comply with and ab~de by each and every the ~?ipulations, agreemenb, tonditions, snd covenants of said promiuory ~ote and thif mortgage any w eithe~, and said cosn, charges and expenses, each and every, shall be immediately due and payabie; whether or not there be no?ice de~ mand, attempt to cotktt or suit pe~Kling; and the tvU amo~nt of eath and every suth payment shall bear interest from tF~e date thereot until paid at the rate of nine per centum per amium; aod all said costs, charges and expenus incurred or paid, togelher with suth interesl, ahall be setured by the lien of fhi~ mortgage• 6. Thaf (s) in the event of s~y beach of this AAwlgage a default on ths part of the MORTGAGpR, or (b) in the event any of ssid sums of rtwney he~ein referred ~o be not promptly and fully paid withi~ thirty (30) days ~ex~ after the same xve+ally become due and p~yable, without dema~d or notice. or (c) in the event each and every the stiputations, sgreements, condi~ions and covenants of sa~d promiuory note and th;s mortgage u?y a eithe~ are not iuly. promptly and fully pe.fwmed, d~uharged, executed. effected. compteted, complied with and abided Sy. lhen in ei~her a any svch aveM Ihe wid a¢ gregata wm meManed in said promissory note then remaining unpaid, with interes~ accrued, and all moneys setured F~eby, shaN become due and pay- able fathwith, w thercwfter, at the option of said MORTGAGEE, as fully and completely as i( all of the said :ums of money we~e wginally stipulated i~ i+e {+siii iwi Svi.`. u'oj. e.-.j:~:.-y^ ~ ~ r•~^~ !r :n ehis Mo,toaae to the contran notwi~hstanding: and thereupon w thereafter at the op~ton of said MORTGAGEE, without notice w demand, suit at law w in equity, therefore o~ thereafter teyvn, may !x prosecuted as if ~ll moneys secured hereoy had mstured pnor to its institution. 7. That in the event that at the beginning of or at any time per~ding any suit upon this Mortgage, w to foretlose it, ot to refwm it, a to enfwce payment of any tlaims hereunde~, said MORTGAGEE shall apply to the Court F+aving jurisdrction ~hereof for rhe appointment cf a Receive~, sucF? Gourt shall (onhwith appoinf s receiv~r of said mortgagetJ property all and singular, intlud~ng all and singular the income, profits, issues and revenues irom whatevtr source derived, each and every of which, it being expressly understood, is hereby mwtgaged as if specifically set forth and desuibed in ihe granling and habendum cla~ses hereoi, antt such Receiver shall have aN the broad and eifedive funcnons and powers in anywise entrusted by a Court fo s Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absoiy,~e .~ight 1o said MORTGAGEE, pnd without reference to the adequacy w insdequacy of the valve of the p~operty mortgaged w to the eosvrncy ii ins6Wency_of said'N?ORTGAGOR oi the defendants, and that suth ren~s, profits, income, iuues and revenues shall be applied by such Receiver according to the I~er? or equity of said MORIGACs~E and the practica of such Court. ~Yt . , ' 8. To d~ly, promptly and fully periorm, d~uharge, execute, effect, comple~~cop~piy~with'and abide by each and every the stipulations, egreements, conditions and covenann in sa~d promissory note and this morfgagc set forth. ~ 9. That in the event the ownership of the mortgaged premixs, w any par~t~ ihereof, becomes vested i~ a perwn other than the MORTGAGOR, the MORTGAGEE, its succeuws and ass~gns, may, without notice to the MORTGAOR, deal with such successa or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagw without in any way vitiaii~g w distharging the Matgsgors' liability hert under or upon ihe deb~ hereby secured. No sale of the Fremixs hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEf or its sutceuors or auigns, sfial) opetate to release, dixharge, modify thange or affect the orginal liability of the MORTGAGOR herein, either in whole a i~ part. 10. It is specifically agreed that time is of the esunce of this contract and that no waiver of any ohligaY~on hereunder w of the obligatan sr cured hereby shati at any time thereaiter be held to be a waiver of the terms hereof w of the instrument secured herby. 11_ In add~tia~ to the fwego:ng monthly payments of princ'pal and interest required by the p~om+uory note secuied he?eby, mortgagor tovenants and agrees to pay to mongagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed against the above destribed real estate. • - B-Premiums o~ fire and windstorm ~nsurance as herein requ~red to be carr~ed on the improveme~ts sitvate on the above described premises. , C-Premiums on such mortgage guaranty insurance as mwtgagee shail from time to time deem fit to tarry on the loan secured hereby. Nbrtgagee shall from time to time notify mortgagor in writircg of the amount due artd payable hereunder and suth sum shall thereupon be due and Fayable on the due date of the next monthly payment and each successive month thereaffe~ ur.til mortqagee shall nofify morfgagor of a clunge in such amount. Such sums sF.all be applied by mortgagee toward the-payment of real property taxes, insurance prem:ums, a~id morigage gua?aniy insurante premiums. IN WITNESS WHEREOf, tiu said AhORTGAGOR has hereunto set his hand and seal the day and year fi~st aforesaid. Sigr~ed Sealed and delivered in the presence of: ~~~~~?~~~%C~/ • .(Sea~ B~rnice Carter, a sinc~le ad~~ .~--q . SeaO SiATE OF FLORIDA ~ courvrr oF St . Luc ie ~ , eefwe me perwna(ly appeared Berniee C1Zt@I ~~191@ adnlt ~ to me well keown and know~ to me to be the individuaQ[ destribed in and who executed the fore9oing instrumtnt, and adcnowledged befwe me that !F?y/ exetuted the same fw the purposes therein expressed. ]madod~oedc i` , ' WITNESS my hsnd and official seal this day of " :t~: _~v~;`." ~ ; ~ Y ~ . obry Public ie a Stat Hpr' My Comrniuion e res: ~ r Retum Ta I r7+ . ' , . First Federal Saving~a loan Association ' ' ~ : - rJ. r• ~'4y~ . O! fort P~erce. - , • . ; ,,'±N,`. Fort P;erce. Florida `'"~'yi~~- ~?i,- ' fILEOANDRECOROEO •'~~,_~~r i , r.s;'~'' ~~f ST. WCIE COUNTY flA. ~ 'f~~: ~ , ROCE~f011RAS ~ CtERK,C~~.CUIT COURT This lnstrument Prepared 8y; RiChard K. Kayes RFCORDVEn,=1E0~ First Federal Savings ~ Loan Association ~ 30 ~u . of Fort Pierce ~ Florida ~ r11 Checked By o R ~ e~~+~ 2~~9 800K ~ PAGf ~JUV ~ ~ _ ~