The URL can be used to link to this page

Home My WebLink About1992 ~ t i 3. To p!ece and con~inuously keep on the bu:'d~ngs now or hereafte? situate on said land and on aC equ~pmeN and personally cove~ed by thi~ mor age, with all pranuu:ns ~hereon pa.d :n futl, Grc insurance in the usuai sta~xlard polity torm, in a sum aHproved by iha MOR~GaGEE, a~~d w~~~dsto ~nsurance in ihe ~sval a~andard pol.cy form, in a sum approved by ~he MORTGAGEE, in such co~npany o~ compan~es as the h10RiGAGEE m d~rect; snd aU i~re and w~nclstoim insurance pol~c~es on any ol sa~d build~ngs, any interast the~ein or pa~t fhr~col, in Ifx a99taga~e s~m aforesaid in excess the~eof, shall :o~ra~n ~he usual sfa~~dard mo«gagee dauie or such o~her dawe as the Mo~tyagee may requ,re, ma?ing the ~oss under s~~d po c~es, each and every, parabte to sa~d MJRTGAGEE as ib ~nteresr may appear, and each and every such po'~cy shatl be promptiy a~s gnrd and delivared ~ any held by sa~d AtORt6AGEE as fur~her security to sa~d n,on9age debt, and, not less than ren (10) days in advance of ~he exp~rat~on o1 each poGCy, to d. L~e? to said lNORiGAGEE a renrwat ehe~eof, toge~her with a receipt for the premi~m ol such re~~ewal; a~~d there shail be no i~re or windsw~m ins~ranc ptaced on any of sa~d bui!d~ngs, any interest there+n or part thrreof, un!ess in the form and with the loss payabfe as aforesaid; and in the event any sun ot money becomes payab~e under such policy w polk~es sa~d MORTGAGEE ahall have thr opf~on to rece~.•e and app'y the sa~»e on accou~v of ~he indebt~~d nrss secured hrreby or to permit aaid MOR~GAGORS to receive and use it w any part the:eof for o:ne~ pur~ ~s~-s. .~..~ho~t ~h o~ .v..i.+ cr ing eny-equ,ty, fien or riyh~ under or by virtue of this mo:tgage; and i~ the event sa;d MORTGAGORS shall tw any reason iail to kcep ~he :a~d p.emises so :nw.ed, or fail ro de~~vcr promptly any of said po~~ues of insurante to sa~d MORiGAGEE, or iail p:omprly to pay fu~:y any pre~n~um theretur or in any respect (ail la perform, d:scharge, execv~r, effect, complete, comply wi~h and ab~de by this tovenanl, or any part hareof, said MORTGAGEE may piace a~e1 pay for such ins~r.+nce o~ any part ~hereof wlthou~ waiving w affediny any opt~on, lien, equ~ry, o~ right under w by virtue of ~his Mo.egage, and the full amount of each and every s~ch paymant shalf be immediately due and payabte and shall brar interest from the date the~eoi until paid at the rate ol ~~~ne pe~ cem~m pe~ annum and ta~ethcr vvith suth interesl shafi be sc'cured by the lie~ of this mortgagr. ~ I. To permit, commit or suffer no weste, impairment w deterioration of said prope~ty or any part thcreof. 5. To pay all a~d singular the costs, chargcs and expenses, including a reasonable attorney's (ee and costs of abst~acts of title, incurred or paid at any time by sa~d MORTGAGfE, because or in the eve~t of the fa~lure or? the part of the said MORTGAGOR to duty, promptly and futly periorm, d~scharge. e,ecu~e, effec~, canp~rie, comply wnh and ab.de by each and every the s~ipula~~ons, agrerments, cond~nons, and covenanrs oi sa~d pro:n~ssory note and ~h~s ,,orrgage any or eirhe~, and aa:d cosrs, charges and expenses, each artd every, sha11 be immediately due and payab:e; wheMer or not thrre be notlce dr rian~, attemp? to cotlect or suit pend~~.g; and ~he full amount of each and every svch payment shall bea. imeres~ from the date ~thereof unt71 pe~d at the r.~+e o; nine per ce~itvm Nar an~w n; ~~~d all said cosrs, charges and eapenses incurred or paid, together w~th such interesl, shall be sewred by the lien of th~~ morfg3ge. 6. That (a) in the event of any breach oi th~s 1No~tgage or defaulf on the part of the h10RTGAGOR, or (b) in thf event any of aa:d sums of money herein referred to be not pro~nptly and fully paid within thuty (30) days next aftcr the same seve~ai:y becovie due and payable, without de~nand or notice. or (c) in the event each and every the stipu(aNOns, a9reements, conditions and covenants ot sa~d promissory note and th~s mortgage any or e~ther are not ~v1y, prompfly and fully performed, d~acharged, exec~red, effected, compteted, complied with and ab~ded 5y, the+~ in either a any such event the sa~d ag ~regate sum mentioned in said promissory nete then rema~ning unpaid, with interest acuued, and aIl moneys secured hereby, shall become due and pay ac, a fcnhwith, or thereafter, at-the opuon of said A10RTGAGEE, as fully and completely as if all of thr sa~d sums of money were or~ginaily suputa~ed be pa:d on such d:.y, anything in sa.d pro~n~s;ory note or in this Mortgage te the co~rrary notvviths?andi~~g; and thereupon or thereafter a~ the opnon of s: J MORTGAGEE, vt~~hout ~ot~ce o~ demand, suit at law or in equity, therefore or thereaiter begun, may be prosetuted as if all moneyi secured he~eby r, ~d matured pno~ to ns instituhon. 7. That in the event that at the beginn~rg of or at any time pendir,g any suit upon this Mo~tgage, or to foreclose it, or to re(orm it, or to enforce {:ayment of any c~aims hereunder, said l~IORTGAGEE ahaft apply to the Court having ~vr~sd~ction thereot for.the appo~ntment of a Receiver, such Court shall .:;rhw~rh appomt a rece~ver of said mortgagcd property all and singular, inciud~ng alt and singutar the income, proids, issues and revenues Irom whatzver >,urce drrived, eath a~d every of wh:ch, it be;ng express~y undentood, is hereby mortgagrd as if speu(icalty se~ forth and described in the g~anring aRd t•.,:>endum cia~ses hereof, a~d such Receiver shyil have alI the broad and effecrive fvncr.ons and powefs in anyw~se entrusted by a Cou~t to a Receiver, and ch 3ppo~nrment shait be made by such Court as an admitted equity and a ma~ter of abso:ute r.gM ro said MORTGAGEE, and without reference to the r.c:eq~acy or inadeq~acy of ~he val~e of the property mortgaged or to the so,vency or insave-ncy ol said h;ORiGAGOR cx the defrndants, and that such rr•~+s, profits, income, ~ssues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Co~rt. 8. To duly, prompt'y and ful~v perform, d~scharge, execute, eifect, complete, comply w~th and abide by each and every the st~pulations, agreements, cenditions and covenanra m sa~d promnsory note and this mortgage set forth. 9. That in the ev.nt the ownersh;p of the mortgaged premises, or any part tF~ereof, 6ecomes vested in a person other than the MORTGAGOR, the :':~RTGAGEE, its successo~s ar.d assigr.s, may, w~thout notice to the A10RTGAOR, deal wi~h s~ch successor or successor in imerest with reference to this o•~gage and the debt hereby sec~red in the same manner as with Mortgago~ w~thout in any way vitiating or d~scharg~ng the Mortgagors' liability her~ :3er or upon fhe debt h>reby secured. No saie of the premises hereby mongaged and ~o forbearance on the pan oi the /AORTGAvEE or its successors c~ ass~gns and no eatension of the nmr fo+ the paymem of tht debt hereby secured given by the MORTGAGEE or its successors or ass~gns, aiial! operate ~o re!ease, d:scharge, mod~fy cfiange or aEfett the onginal liau~iity of the MORiGAGOR here~n, either in whole or in part 10. It is spec+ficaliy agreed thaf t~me is of the essence of this contract and that no waiver of any ob!~gat~on hereunder w of the obligation se- cured hereby shali at any time ~hereatte: be held to be a waiver of the terms hereoi or oE tFu instrumeN secwed herby. 11. In add:tio~ !o the fore9o ng month!y paym~nts of print pal and inte~est required by the prom ssory rio~e sccured hereb~, moriga~or covenants , d agr_es to aay to ~nortgagee ~+rth each monrhly payr.;ent an adJ~~ional s~m est~mated by mortgagee to be equal to 1, 12 of ihe annual cost of the fo~low- A-Ali rEal property taxas levizd or assessed agai•ist th~ above described real estate. , ~ B-Przn:wms on fire and wiizdstorm insu~ar.ce as herein requ~red to be carried on the ~mproveme~ts s:Wate on tfie above d=scribed premises. C-Prem]ur*~s o~ wch mortgage guaranty ir.s~ra.~ce as mortgagee shall from r~me to time deem fit to carry on the loan secvred hereby_ IAcstgagee shail +rom rme to t~me ncrify mortgagc~ in writidg of the amount d~e-;nd payabte hereundrr and such surn shall thereupon be due and ~,able on the due date of the ~.ext month:y payment and each successive mor.th thereaftcr ur:til mortgagee shall not~fy mortgagor of a change in such , ~ ount. Such wms sFa:l be api~'~ed by mortgagee toward the payment of real property tazes, insurance prem.~ms, and mortgage gua:anfy insurance ; ~•e~niums. - IN 1'~ITD~ESS '.+H:REOF, the said MORTGAGpR has hereunto set his hand and seal the day an year first aforesaid. ~ Sgned, Sealed and de " in t presence Seal) i c ~ _ ~$CA~~ E -x . + , r (Sea4 ($eal) ~ - ~ ~ ST<.TE OF FLORIDA ~ Luc ie ~ : OUNTY OF St • ~ Before me personally appeared .Id~BS G. Rowlev ar,d Audrey M. ROWZ@}~ his wife, to me well known and ~viQN~, bt ~ rt,a ind~vidvals described in and who executed the fwegoing instrument, and acknowledged befwe me that they executed tM y~ao~FC'a~ .M~'~ Rowle 's' : ' ~ ^ ~ rhe.ein expressed. And thq :a~d_AudreY M • Y ~ ' • - . - ~~~i Rowle ~{e of the said Jame s Ci • ~rpay~.p ~p~?ete~~d pfp~N% ; ~ e.aminasio~ by me taken separate and apart from her said husband, acknowledged to and before me that she exetut sa'~ 1 i~y a~~Q1u~1- ~ ~ r3r~~y and w~thout any compulsion, constraint, apprehens~on, or fear oi or from he? said husband. _;Y:.- r. ~ WITNESS my hand and officia! seal this__ ~~i~ day of June ~"•j ~ 19'72 ~ ~ ' • ~ ^ ~c~ . 4 ' ' ~ • j Notary Public in nd r ihe SNfe `qf Yloridi.i~~ ~ My Commission expi s: ~ ~"~f •4 ~ •i; . Retum To: ' ~ ~ ~rlr~.~~..: ~ First Federal Savings 3 loan Associatlon ~ Of fort D ~:ce. ~ Fort P~rrce, F;or~dj f ~~V ~ -ECO,~g~o ~ f~ ~.UC+~ ~uMir ~ ~a~~~ :.,~;~,,g c, ~ ~L~`~X C:11T COURj ~ ~ This Instrumem Prepared By : RiChard :C. Kayes Rf~~~~r ' EO ' First Federal Savings 8 Loan Association ~ of Fort Pierce , Florida 33450 i~ 1~ 3 24 Ptl ~ 17 ~ ~ ~ Checked By - ' `~ia~2121 ~ t~ ~ ~ BOROK ~G~~ PACE~ 1 -~x ~ - - . ~ ~ ~ ~ ~'3x~-f ti'" ~ _ ~~~~x~a~'Sl~i1~~-t~.. . _