The URL can be used to link to this page

Home My WebLink About1996 3. To place and continuova•y leep on tiie bui'd~ngi now o~ hereafte~ ~ituate on sa~d ~and and on aft cqu~p~nent a~~d penonally covered by ~his mor e~e, wlth all premiu~~is thzreon pad ~n fuil, f~re ins~rance in the ~sual s~andard po~~cy form, in a aum aHNroved by the MORtC~AGEE, and w~ndsto msvranca in ~he usual sTandard pol.cy form, in a sum approvrd by rhe MORTGAGEE, in such company o? compan;es as ~he MORTGAGEE m d~rect; a~d all fire and w~~Jstorm inw~ance poi~c~es on any ol sa~d lw~id~ngs, any interest the~ein or pa~t th.;rrof, in ~he a99rrga+e w~n aforesaid . in excess ~hereof, shal~ :ontain the usual s~a~~dard morrgagee dause or w.6 o~he~ clause as the Mortyagee may requ~re, making ~he loss under sa~d po ues, each and eve~y, payab:e to sa~d ~1JRTGAGEE as ~ts imerrst may appea~, and each and every wch pc,~~cy shall be promp~ly ass gned a~~d de~ivrred ~ any held by ia~d r.10R1G4GEE as (urrher s:curity to aaid mortgage debt, and, ~ot less ihan ten (10) days in ad.ance of ~he explrat~o.~ of each poGCy, to d. Gver to sa~d A~ORiGAGEE a renewal thrreof, toge~her wi~h a rece~pt for the premium of such renewal; a~~d there shall be ~o f~re or windstonn insuranc placed o~ any of sa~d bui!dmgs, any interesl there~n or part ~hereof, unless in the fo~m and with the loss payoble as aforesaid; a~d in the eveM any sun of money becomes payable vnder wch policy o~ po~.cies sa~d MORTGAGEE shalt have the opt~on to rec~•ive and app~y the same on account of the indabt~d ness secured hereby or ro permit said MORTGAGORS ro receive and use it a any pa~t the:ruf for o:n~•r purpcses, v~~~ho~t ~he~. u~ 1vo~Y~ .:r u~:pau ing any equ~ty, tien or r~ght ~ndrr or by virtue of this n,o:'gage; and in the event sa~d MORTGAGORS sh~ll fo~ any rrason fail to keep the sa~d premises so ~nsu~ed, or (ail to del~ver promptly any of sald po~~u~s ot insurance to sa+d MORiGAGEE, or fa~l promp~~y ~o Ney (~lty any prr~~~~~m th::rafor or in a~y ~espeU faii to perform, d~scharge, execute, elfect, con~plete, co:np{y with and abide by this covenant, or any part hrreof, said MORTGAGEE may pface a~~o pay for such insurance or any part thereof w~thou~ waiving or affecling any option, lien, equity, or righ~ under or by vi~lue of this Mortgage, and the full amoum ot each and every such payment shall be immediately due and payable and shall kxar interest from ttw date thereof until paid at the rate ot nine pe~ centum per annum a+~d to~etha: wi!h such inte•est shali be satured by the lien Of Ihis mwtgage. 4. To permit, commit w sufler no waste, impairrr,ent or deterioration of said property or any part thereof. 5. To pay all and singular ~he costs, charges and expenses, inciud~ng a reasonabla at?orney's fee and costs of abstratts of title, incurred or paid at any t~me by sa~d MORiGAG:E, because w in the eve~t of the failure on the pa~t of ~he said MORTGAGOR to duly, pranptly and fu~ly perform, d~sc?wrge. :¦ecute, e(iect, comptete, compty wuh and ab.de by each and every the stiputat~ons, agreements, cond~t~ons, and covrnants o( sa~d promissory note and this ~r~rtgage ony or ei~her, and sa:d costs, charges and expenses, each aixl every, shal~ be immediate~y due and payable; whether or not ~here be notice d~ n,and, attempt to tolfect or suit pend~ng; and the tall amount of each and every such payment shall bear interest from the date thereaf until paid at the r,tr o~ n~ne per crnt~m pa:r annu:n; anC ad said wsts, charges and exgtnses incurred or pald, togather w+th wch interesl, shall be secured by tFx I~en of th~s mortgage. b. That (a) in thr event of a~y breach o~ ?his Mortgage or default o~ 1Fu part of the MORTGAGOR, or (b) in the event any of sa:d sums of mo~ey hrrein refcrred to be not promptly and fu0y paid within th.rty (30) days nExt after the same severa'1y become due and payable, wi~hout demand or nmice. or (c) in tha event each and eve~y the stipulat~ons, agreements, conditions and covenants of sa:d p~omissory nofe and th~s mertgage a~y w either are nof ~uty, promptly and fully performed, d~scharged, executed, effected, completed, compiied wiih and abidrd 5y, Ihen in either w any such event Ihe said ag- gregate sum ment~oned in said promissory note then remaining unpa~d, with intere,t actrued, and a;l moneys setured hereby, shall become due and pay- ao.e for~h.vith, oi therea!rcr, at the opt~on of sa~d MORTGAGEE, as fully and completcly as if a~! of thr sa~d wms of mooey were onginatly supulated ro be pa~d on wch d~y, anyfhing in sa.d prom~ssory note or in this Mortgage to the comrary notw~~hstanding; and thereupon w thereafter at the ophon of s~:d MORTGAGEE, wrthout nonce or demand, su~l at law a in equity, the.efore w thereaher begun, may be prosecuted as if all moneys secured hereby n.:d matured p~ior to ~ts inst~tut;on. 7. That in the evrnt thas at the beginn~ng of or at any time pend~ng any suit upon this Mortgage, w to foreclose it, or to refwm it, or to e~force payment of any daims he~eunder, aa~d MORTGAGEE sF.afl apply to the Cour~ havi~g junsd:alon thereof for the =ppomtment oi a Reteiver, such Court shall Forthwirh appoint a receiver of said murtgaged property all and singular, includ~ng a~l and sing~lar the income, p~of~ts, issues and revenues from whatever sc~rce drrived, each and every of wh,ch, n be~ng expressly understood, is hen•by mortgaged as if spec:ficatly set fonh and describrd in the grenting and h3bendum clavses hereof, ar.d such Receiver shall have al: the broad and eifective funct,ons and powers in anyw~se entr~sted by a Court to a Receiver, and s_:h appoinrme~~t shail be made by such Court as an ad~nitted equity and a matter of absol~te riqht to said MORTGAGEE, and without ~efere~xe to the adeq~acy or inadeqvacy of the vaiue of the property mo~tgaged or to the so:vency or insolvency of sa~d MORTGAGOR w the defendants, a~d that svch rems, proiits, inco~ne, issues and revenues shaJ be appGed by such Receiver accordmg to the lien or equity of said MORiGAGEE and the practice of such Court. 8. To du!y, prompt:y and fully periorm, discharge, execute, effect, comptete, cort~ply wirh and abide by each and every the stipulations, agreements, conditions and co~e~~ants in amd prom~ssory note and thfs mortgage set forth. 9. That in the event the ownersh~p of the mortgaged pren,ises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the !.ORTGAGEE, its successo~s and assigns, r.,ay, w~thout norice to the MORTGAOR, deal with such successor or successor in interest with reference to this r,-o*~gage and the d_•bt hereby secured in the same manner as with Mortgagor without in any way vit~atinq or discharging the Mortgagori liability herr ;;nder w upon the debt hereby sec~red. No sale of the F~em~ses hereby mo~tgaged and no 4orbearance on the part of the fdOR1GAGEE or its wtcessors or ass~gns and no ex~ens~on of :he t~me fo~ the payment of the deb~ hereby secured given by the MORTGAGEE or its successors or ass;gns, a~iall operate ro re+ease, d~scharge, mod~fy char.ge or affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fica~ly agreed that time is ei the essence of this contract and that no waiver of any obligation hereunder or of the oblgation se- cured hereby shal~ at any hn,e rhereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. 11. In a~d.~:c~ to ihe iorego]ig moneh!y payments of princ pal and interest requi.ed by the prom ssory note secured herebl, mortgagor covenants +~~d agroes to pay ro r~ortg~gee with each monthiy payr::ent an add~rional sum est~mated by mortgagee to be equal to 1; 12 of the amual cost of the foltow- ';'3: A-AN real property taxas lev~e~ or assessed agai~ist the above described real estate. B-Pr,:a:~;,•:,s on f~re and w~ndsrorm insuracce as herein requ~red to be carried on the improvemeMS situate on the above described p~emises. C-Premiu~~s on wch ma~tgage guaranty iesura~.ce as mortgagee shall from ime to time deem fit to carry on the loan secured hereby. Mortgagee sh;~l irom ti~ne to t:me notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ; ayable on the due date of ~he next monih!y payment and each successive month thereaf~er ur.til mcrtgagee shall notify mortgagor of a change in such j ount. S~ch sums sFaii be app:ied by morrgagre toward the payment of real prope~ty taxes, insurance prem:ums, a~~d mortgage guaranty insurance ~ p•emiums. E IY Y1ITPJE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afore id. i • ` , Se led a er ' the prese e of: ~ ~ an ~ r ar rances Smith, a sin9~an ~ _ _ adult ~~a~ s • (SesO ~ STATE OF FLORIDA ~ 5 t Luc ie COUNTY OF • ~ Before me personally appeared Frances Smith, a single at3Ult ~ _ ~u yiufL to me well known and known to me to be the individ~al described in and who executed the foregoing instrument, and acknowiedged before me that he executed the same for the purposes ~ iherein expressed. 11nd tbe s'a Ig ~f ~hE 3aid vpa'C~ gEarnte_a^~ B~€~! ~ euauw~atiou b~e ~ saleeit.sopaute~wd. apars. korw i~r -ss:d~ Misben~ sek~o++fedge~ to-en~ beFare me thatzh~exe~cvte~ satd-insnumem'frpef~T ar+dlrolQ~F ~ ~arilY-and ~rtithouLanK compu~s~ow~cor+eaa:n~,-aP~rehe~s~s~,-o~iear-of.oa irwwhes wid-fwab~+d.- ~ WITNESS my ha~d and offiual seal this__ ~3~~~ dsy of June A. D. 19 72 S ~ x ~ Notary lic in and for the tate of Fbrida at lar e ~ My C ission expirex ~trc'. G~ / r1 7~ Return To: Ffrst Federal Savln s b loan Associat~on ~ l MYCp~ h1~IS~lON EXP R SF UORID 6, 1975 ~ 9 ...1,i_~.,- ~ C C o` F°'' . - QENERAI INSURANCE UNpERWRITERS, It~IG ~ fo.t P~erce, F:orida Z ~`5 • ~:y fIlEO hy~~ :,ti c;uRDl~. ~ ~ '.'E;;-.... iT. WC~E t:9 hTY F rr " r~ R8G_F ~°~~.TRAS This Instrument Prepared By Ga ry F. EI•1~YOOd.~ CLF't?. C: ;~i~ COt;fIT y' First Federal Savings 8 Loan Association :1 p~~~~ yr ~ of Fort Pierce ~ Florida ' ~ : $ ~ ~ ~ ,~,16 3 24 PH'~Z ~ Checked BY ~ ~ ' ~ ~ 232123 ~ ~ ° R ~~J PaGi 1~ - ~ • BGOK ~s ~ . ' ' , ~:h ~ ~ ~ . } ~ ~ ~ = ~ ; _ - , _ ~