The URL can be used to link to this page

Home My WebLink About0244 3. To place and continuousty k~ep o~ ti~e bu~'d+r~gs no~nr or he~aaf~er s~tuate on iald land and on al1 eq.,~p~nent and persona~ly covered by this ma age, w~th afl preo~~ums thereon pa.d ~n fulf, hre i~~wrance in ~he uwai s~an~ard yot~cy form, in a sum aHproved by tha MORtGaGEE, and wr~ds~o :nwrance in the usva? standa~d po:.cy (o~m, in a sum approved by thr MORTGAGEf, in such co;npany or co,npenies as the 14~ORTGAGEE m ; d~reth and all fire and w~ndsturm insurance pol~c:rs on any o( sa~d build:ngs, any interesl fherein or pait thrreoi, i~ the aggrcya~e su~n afo~esa~d i in eatets Ihcr~of, shall cootain !he uswl sta~~da~d mortgagee clause or such oiher cla~se as the Morlgayre may requ.re, making the loss undrr sa~d po c~es, each and every, payab!e ro said A1pRiGAGEE as :ts inre~rst may appea~, and each and eve~y sucfi po~~c~ s~~a~~ Ix promptty a~s gned and delivcred ~ any held by sa~d MORiGAGEE as funhrr security ~o said n~ortgage debt, and, not leu ~han ten (10) days in ~d •ance of ~he expi~et~on o1 each pol~cy, io d. I~ver to said MORiGAGEE a renewaf thereof, together with a reteipr For the premium of svch ~e~e.ve!: and ~hrre shall ba no i~re or w~ndstonn insuranc placed on any of said bui!d~ngs, any interest there~n w parr thereof, unless in the lorm and wifh the Iou payab;e as aforesaid; and i~i the eveM any sun of money becomes payable under such policy or po6cies said MORiGAGEE shall have ~he opt~on to recc~ve and app'y tiie same on account of thP i~~drbt~•d ness securzd he~eby oa to prrm;t sa~d IAORTGAGORS to receive and use i~ or any part the:eof tor e:~:_r ~VI~ :JSCS, 1YJIlOJ} ~fi a f .v,:~.~,J o~ ~~e:~;,i- ing any equity, lieo or righl under w by virtue of this mo:'gage; and in the evero sa:d MO~TGAGORS sha!1 '.or any rraso~ fail to keep the sa~d prem~srs so ~~wred, or fail to deliver pranptly any oi said policies of insura~te fo said MORIGAGfF, or fait promptty to pay fully any prc~~~ium ther~for or in a~y respect fail to perform, discharge, execu~e, effect, cOmplete, comply wi~h and abide by this covenant, or any part h..•reaf, said MORi'vAGEE may paace a:~o pay iw such insurance or any pa~1 thereof wuhout waiving or affeUing any option, lien, equ~ty, or rig~t under or b/ virt~e of this Mw~gagr, and the f~ll amount of each and every such payr.~eM shall be immediately due and payable and sl+aH brar ineerest from the date thereof uroil pa~d at the ~ate ol n+ne per ~entum per a~inum and to~ether wnh svch i~ter~st shaii tr_ secured by the lien of th~s mortgage. ~ 1. To permit, tommit or suf(er no waste, impairment or deterioratio~ of sa~d property or any part thereof. S. To pay al~ and singular the costs, charges and expe~ses, i~c(uding a reasonabfe atto.ney's fee and cotts of abstracts of tirfe, inturred or paid at eny time by said MORTGAGfE, because or in the event of the fai!ure o~ the part of ~he said MORTGAGOR ~o duly, p.omptly and fu11y perform, d~xharge. :xewte, effect, canplete, comply w~th and ab:de by each and eve~y the stipulanons, agreements, condrtions, and covenanrs of said p~on~issory note ar.d thi~ rnorrgage any or e~ther, and sa:d costs, cha~ges and expenses, each and every, shall be im~nediately due and payable; whether or not there be notfce dr mand, attempf to collect w suit pend;ng; and the fu~l amount of each and every such payment shall bea~ i~t~res~ from Ihe date th~reof unti{ paid at Ihe r~re o~ nine oer c~n~wn pe~ amw~~; o:id ail said ccsn, charges and ex;xnses incurred or paid, rogetliar w~th such inteiest, shall be secured by the tien of th~s mortgage. . 6_ That (a) in the event of any breach of this Mortgage or defavlt on the part of the h10RTGAGOR, w(b) in the evenl any of sa;d sums of money herein refer~ed to be not pranptly and fully paid wiihin thirty (30) days next after the same severa!ty become due and payable, withovt demand or not;ce, er (c) in tba event each and every Nie stipuiat~ons, agreements, cond~tions and wvenants of sa.d promisso: y notr a+~d th~s mortgage any or e~ther are not ~uly, prompHy and fully p~rformed, d,scharg~d, ezec~red, effected, completed, complied with and ab~ded Sy, then in e~ther or any such event the sa~d ag ~•egatz sum mentioned in sa~d pramissory note then remaining ~npaid, with interesf accrued, and ail moneys secured hereby, shall become due and pay- .~~:e forthw~th, or thereaiter, at the opt~on of said MORiGAGEE, as fully and complete~y as ii ail of thr said sums of money were or~g~na~ly st~putated ro be pa~d on such d~y, a~ything in sa:d pro~n~ssory note or in this Mwtgage to the co~~trary notw~thstanding; and thereuport o~ therealre? at thf option of said MORTGAGEE, wirhout notice o~ demand, suit at law or in equ~ty, therefore or thereatter begun, may be prosecuted as if all moneys secured hereby n~d mat~red pnw to ns ins~rtution. 7. Thaf in the event ~hat at the beginn~ng oi or at any time pending any su~t upon this Morrgage, a to foreclose it, or to reform it, or to enforce payfnent of any ciaims hereundcr, said MORTGAC,~EE shall apply to the Court havi~xJ ~ur~sd:cnon theteof for the appomtmem of a Receiver, such Gourt shail Fcrrhwifh appoiN a receiver of said mortgaged property all and singular, includ.ng a? and sing~lar 1he income, prot~ts, issues and revenues from whatever scurce derived, each and every oF wh:ch, it be;ng eapress3y unde~stood, is hereby mortgaged as if spec~fica{ly set (orth and destribed in the grami~g and tuber.dvm clauses hereof, and s~ch Receiver shail have a11 the broad and effecrive funct ons and powers in anyw~se entrusted by a Court to a Receiver, and a_ch appointme~v shall be made by such Court as an admitted equ~ty and a matter of abso~ute nght to sa~d MOR7GAGEE, ared wir!~out reference to 1he a~c•auacy w inadrquaty o1 the valve of the property mortgaged or to the so,vency or inso~vency of said MORTGAGOR w the defendams, and that such •e•~~s, profits, incane, issues and revenues shall be appGed by such Receiver acco~d~ng to the lien or equi!y of said MORTGAGEE and the practice of such Court. 8. To du~y, prompN.y and fut!y perfo~m, discharge, execute, effect, complete, comply with and abide by each and eve~y the stipulations, agreements, conditions and covenanrs rn sa~d promissay note and thiz mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thercof, becomes vested in a pery~n other fhan the MORiGAGOQ, the .'ORTGAGEE, irs successors and ass+gns, may, wirhou~ noi;ce to ~he 1VIORTGAOR, dPal w~th wch successor or successor in inte?es? with reierence l0 lhis ~~ocrgage a~d the deb~ hereby sec~red in the same mar.ne~ as wifh Mo~tga9or w~thout in any way vit:ating or d~schargi~g the Mortgagori liability here~ ~~der w upon the drbt hereby secured. fJo sate of the prem~ses he~eby mortgaged and no forbearance on rhe part oi the l110RiGAGFE or irs successors ~ e~ ass~gns and no extension of the time for the paymem of the debr h~reby secured given by the MORTGAGfE or its successors or assigns, ahall operate ~o reiease, d~scharge, modify change w affect the or~g:nal iiab;:~ty of the MORiGAGOR herein, either in whole or in part. 10. It is speuficai{y agreed that time ia of the essence of this contract and that no waiver of any ob~igatio~ hereunder ar of the obtigation se- c~red hereby shali at any tin,e ~hereafrer be held to be a waiver of the terms hereof or of the inslrument secured herby. I1_ In add.tio~ to the forego ng momh!y pa~•m~ms of p:inc pal and inrerESt requ~red by the promssery no~e secured hcreby, mwtgagor covena~ts ~ d agr~es to pay to mortgagee ~nrth each n~omh:y pa~~,:ent an add~~ionai sum ~st::nated by mortgagee to be equai to 1. 12 of fhe annual cost of fhe foliow- } `,'3: • A-All real property tax.s levi~~ or assesse~d ag3i~ut ihe a6ove desuibed real estate. B-Pr~m~ums on L.e and winduocm insurarce as here~n requ~red to be carried on the ~mproveme:rts s~tvate on th~ above d_sc.ibed prem~ses. C-Preml~ms oo such mortgoge guaranty ir.sura~.ce as mortgagee shall fiom r ene to ti~ne deem fit to tarry on the loan secured hereby. Mortgagee :haPl froR: ?ime to t~me narify mortgagor in writ~ng of ehe amount d~e and payable hereunde~ and such surn shafl thereupan be due and ;~rabte on th~ due date of Ihe rext month;y payme~u and each auccessive month ihe~eaftcr urtil mortqagee shaH ~otiiy mortgagor of a chenge in such ~ ount. $~ch wms s1,a~1 be app~ied by mo~tgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty ins~ranc~~ ~ ~'cm~um3. IU Y~ITNES$ WHEREOF, the said MORTGAC,pR has hereunto set his hand and seal the day an a "rst afoiesaid. ~g , Sealed and ' er in the presence of: ~ . t ~ Sea4 Wa S. Allen ~~a~~ ~ / O Aiul Al Efl (Seap (Seaq SiATE OF FLORIDA ~ St Lucie ~ ~OUNTY OF • Before me personally appeared ~~~a}7I]e E• Allen a~ Jo Ann Allen his w~~e, to me w~ow~ and known to me ro be rha individuafs desc~ibed in and who executed the foregoing enshurrKnt, end scknowledged before me tFlg1 they e ed the same fp tFN putposes zhere+n expiessed_ And the said JO Ann Allen .:~Fe of ~he said ~~ayne E• Allen ,~se afe and privsa ~ e•am:nat~on by me ta4en sepa.ate and apart from her said husband, acknowledged to and before me t he ~eecuted said iny~ru~ne~tefy aod vplvn- ' i ~a-~,y an w~thout any computsiort, consrraint, apprehens, , or fear of or from her said husbnnd. ~ - ~ :s " WITNESS my hand and official seal this__ da i.-a D., j~ ~Z Y _ 7 . ~ 1 L. . . Notary Public i d for Et r' ;~sY~srg~ - My Commissio~ expire ` ` Ret~m To: . ~ , ~ ° First Federal Savings 3 Loan Associat~on , a-a 9' 7~ • " . ' 0{ Fort P:erce. fort Plcrce. F;o:~da ' ~s• , ~ ' ~ r 1 -E;,~hDEO ' f1~E~ A'~~,-• ~ Ft~. st.lu~;` ~011 A~5 This Instrument Prepared By : J. H. Roberts ~ Jr. p~~~j, t;~Jij G~~at - First Federal Savings & Loan Association C~~F Y; -,;.~0 of Fort Pierce ~ Florida 33450 aE~~ 3 56 p~'~~ ~~,~1 6 ` Checked ey ~1-lL___~ , _ ~ 23~950 ~e0~ 2~3 PAGE 244 1~ - _ _ _ - ~ - _ ~ ~ 4~.~. _ ° _ ,