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Home My WebLink About2731 - . . ~ , ~ To place ar.d coroinuo~sly keep on the b~i:dings now or horeafrer ~ituate on sa~d land ar,d on aC eq~ipment and pei3onally covered by this mor e9e, w~th all premiums ~t~crcon pa~d in full, f~re ins~rence ~n tha osual s~andaid poi~ty fo~m, in a sum approved by 1he MORiuAGEE, and wi~ids~o ~nwran~e in the usual s~anda~d pu:.cy fo~~n, in a wm appro~rd by the MORTGAGEE, in such con,pa~~y or compan~es as the A'IORTGAGfE m d~~ecr; ancl all fire and w~nds~orm inw~a~ce poGura on any of said build~ngs, any interest iherein or part thereof, in the aqg.ega~e sum aforesaid in eacess Ihrrcof, sha!) :ontsin the usual standa~d mo~~g.~gee ciause w such o~her da~se as the Mc~tgagee may reqwre, mal.ing ~he Ioss under sa:d po c~es, each and eve~y, payab~e to sa~d tiWRTGAGEE as ~ts ~n~~rest may appear, end each a?~d eve~y such po~~c~ sl~all be pranptly aisgnrd a~~d d~:~vared ~ any held by sa+d htORfGAGEE as (urth~r s:curiry to said mortgage debr, a~d, not less than ten (101 days in ad~auce of the expiralion of each poGcy, to d. I~ver to sa~d MORiGAGEE a renewal thereof, toge~hrr wi~h a receipt for the pre~~~um of such ~ene+.~a!; and ~here shall tx no Gre or wi~~dsto~m i~svranc F%laced on any oi said b~ild~ngs, any intarest the~ein or part thereof, unless in the form and with the toss payabte as aforesaid; and in the evrnt uny sun { of mo~ey becomes payabte ~nJrr wch policy w pol~cies sa~d 610RTGAGEE shall have the opt:on to rec~ive and app'y the same on accouro of the ind~•6trd ~ n~•ss secu~Nd hereby w ro pe~m~~ said MORiGAGORS to receive and use it w any part the:eof tor o:~e~r pur,.os~~s, .•.~~ho~t ~h~~.ur ,ti,:~.i,3 cr ,•~~;~..,r ~ mg any equ~ty, t~en or right unde.r or by virtoe ot this mo:!gage; and in ~he event said M0~2TGAGORS shall `.or any reason fail to kaep the sa~d prem~s~~s so ~ ~nswed, or (ail fo deliver pro~nptly any of aaid poll~ies of insurance to sald MORiGAGEE, or fa~! promptly lo pay fufly any prem~~m ~heretor w in any respect iail to perfo~m, d~lcharge, exccute, eifec~, con,plete, co:npfy with and a3ide by this covenant, o~ any pa~t ha~eof, s~id MORiGAGEE inay piace a•,e ' ~~~r ~o~ such insw.~nce or any parf thereof witM~ut waiving w affecti~g any option, lien, equrty, or right under o~ by virtue oE this Mortgage, and thc f~i1 amount of each a~d every such payment sha~l be immediately due and payable and shall brar interesl from thr date thereof until paid at the rate of ~~,ue per c~roum pe~ aiinum and ro~~•rh~~ „~ith suth inte~es? shaii be secured by the lien of this mortgage. A. Io pemi'N, tommit w suffer no waste: impairment o~ deterioration of said prope~ty o~ any part thereof. 5. To pay all and singula~ the costs, charges a~d expenses, ~ncluding a reasonable attwney's tee and costs of absUacts of title, incurred or paid at +~y time by sa~d MORIGAGEE, beca~se or in the evero of the ia;ture on the part of the said MORTGAGOR to duly, prompNy and fu11y perform, d~scha~ge. _.ecure, effect, canp;ere, comply w~rh a~~d ab:de by each and every fhe stipu~at~ons, agreen,eros, condiGons, and covenants o( said promissory note and this -~orrgage any or e~ihe~, and sa!d cosrs, charges and eapenses, each and every, shall be immed~ately dve and payab:e: whesher or not there be not~~e dr ~.~~~d, attempt to to~ied ot svit pendmg; and the (ull a~nount of each and e~ery suth paymem shal! bea~ inicres~ from the date thereo4 until paid at the ~~c o~ ~~~ne per crn~um k~er an~~„ n; .:nd atl se~d costs, charges and exprnses incurred or paid, togathpr w~th such inte~est, shall be secured by Ihe lien o1 th~s mortgag@• b. That (a) in the event of any breach of this Mortgage or defavlt o~ the part of the A!ORTGAGOR, or (b) en fhe event any oi sa d sums of money h~>refn referred ta be not prampfly and futly paid within thirty (30) days next aite~ the same severa!ty become due and payable, without demand or no~~ce. cr ~c) in the eveM each and every the stipulations, agreements, cond~tions and covenaros of sa,d promisso~y note and th~s mortgagt any or e~ther are no1 ~u:y, prornptly and Fully performed, d.scharged, execured, rffecred, canpleted, compl~ed wiih and ab~ded Sy, then ~n e;ther w any such event the sa~d ag ~ragate sum mennoned in said p~omissor~r nate then remaining vnpaid, with intere,~ accrued. and a~l monevs secured hereby, shall betome due and pay- a~ e forthwith, or thereafr~r, at the option of said MORTGAGff, as fulty and complerely as if a~l o! the said sums of money vvere or~ginally s~~pu~ated ~ to be pa~d on such d~y, anything in sa:d prom~ssory note or in this Mortgage ~o the co~trary notwithstand~~,g; and thereupon or thereafier ar the ophon of s~.d MORTGAGEE, w~rho~t nonce or demai~d, suit at law or in equity, therefore a thereaf~er begun, may be prosecuted as if all moneys secured hereby ~_d matured p~~pi to As instiiulion. 7. That in Ihe event that at the beginning of w at any time pe~ding any suit upon this Mortgage, or to fo.eclose it, or to reform if, or to enforce ;~yment oF any claims he~eunder, said 1JtORTGAGEE shail apply to the Court having jw~sd:a~on thereof for the appo~ntmeM of a Receiver, such ~ourt shail r:.,!hw~rh appoint a rece~ver of sa+d morrgaged property aU a:td aingular, includ~ng all and s~ngutar the i~icome, prohts, issues and revenues from whatever s_~~ce derived, each and every of wh.ch, be~ng expressly unders~ood, is F.ereby mortgaoed as ~f spec.f~calty set forth and deunbed in the gran~ing and h.::,endum da~ses hereof, ar.d svch Receiver sha11 have aU the lxoad and effective Funa~ons and pov~ers in anyw~se entrusted by a Cou~t to a Receirer, and s~ch appointment sha~! be made by such Cou~t as an admitted equity and a matter of absol~te right to said MORTGAGEE, and wirhout reference to the adequaq or inadeqvaty of the vatue of the property mortgaged or to the solvency or insotvency of said MORiGAGOR or the defendants, and that such ~~•~~s, profits, inco.ne, issues and revenues shall be appGed by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To du~y, prompt:y and fully per(orm, discharge, execute, effect, complete, comply wi~h and abide by each and every the stiputatior?s,,agreeme~ts, ,cnditions a~d covznanr: ~n sa~d promissory note arsd this morrgage set fo~rh. ~ - 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'.ORTGAGEE, its successors and ass~gns, may, without notice to the h10RTGAOR, deal with such successor a svccessor in interest w~+h reference to this •-•o•tgage and tFw debt hereby setured in the same manner as witR Mortqagor without irt any way vit;ating pr d~scharging 1he Mortgagors' liabiiity here- .,r.~~. or upon the debt hereby sec~red. No saie of the Fremises hzreby mortgaged and ~o fo:bearance on the par~ oi the /AORiGAGEE or its successors cr ass~gns and no extens~on of rhe timr for the payment of the debt hereby secured given by the /~IORiGAfiEE or its successws or asslgna, a~~aN operate ro re~ease, d~scharge, mod;fy change or affe~t the orig~nal liab~tity of the MORTGAGOR herein, either in whole o~ in part. 10. It is sperf;cally agreed that time is of the essence of this contract and that no waiver of any ob~lgat~on hereunder w of the oblgat"an s~ q cv~ed hereby ehall at an~ time thereaiter be heid to be a waiver o( the terms hereof w of the in;trument secured herby. 1 11. In dJd.hG"1 to rne forege ng monthly paym~nts of princ"pal and inrerest requhed by the prom,sscry nore secured hereb~, mortgagor covenanrs ~ d agr~zs to ~ay to mertg~gee ~~+:nc ~ach moNhiy payment an sdd~rional sum esn~~ared by mortyagee to be equai to 1. 12 of the annual cost of the fol{ow- ,a: A-All rEal property taxes le~ned or asseszed agai•:st ihe above descriyed real estate. B- Fr:~,:~ums on f~re ar,d w~~:dstxm insuracce as nere~n r~~;red to be carried en the ~mproveme~ts s~tuate on the above desuibed premises. C-Premavms on such morfgage guaranry icsurar,ce as mo•tgagee sha~l frorr. rme ro t~me deem fit to carry on the loan sewred hereby. Mortgagee sha!i f.cm time to rime no~ify mortgagor m writ~ng of the amount due and payabte hereundrr and such surn shall thereupon be due and ..+ble on tha due dare of thr next monih!~ payment and each successrve month thereaiter ur~tii mertgagee shall no~~fy mo~~gagor of a change in such :,,,nt. S~ch s~:ns sHa.l be apF~'.~ed by morrgagee roward the payment of real propeny taxes, inwra~ce prem.ums, a~~d mortgage guaranty insura~ue a-nivms. IN ~YIT~JESS 'NH:R~OF, the said MORTGAGOR has hereunto set his hand and seal the day nd year fi t afo a~d_ ~ v , Sealed and deli d jn the presence of: ~ r ~ f ` ` (Sean - _ I. . E tr3d e I c~a~~ , ^ ~ ' , a~~ , _ 8 ti 1 7. S Ci • Es tri.d e' ~~a~) SATE OF FLORIDA ~ C;%UNiY OF Sti• LL1C~6 ~ 1 Before me personaily appeared F'.. Es tridg~, I II and i Patricia C. Estrid e ~ his wife, to me well k»own and k~own to me to be ~ tn~~ ind~riduals described in and who executed the foregoing instrument, and acknowledged before me that they ezecuted the same for the purposes . rhe-e~n expressed. And the :3~a_ Patrieia C• Estrid~e `e of the sa~d ~'~i. ~.s tridge , II I vpon ~ separate ~nd private , ~•~m~nat~on by me ta4en sepa.ato artd apart from ber said husband: atknowledged to and before me that she exetuted said i~slrumen~ fretly and voluo- ~~,iy and wnhout any compulsion, constraint, apprehens~on, w fear of or from Fur said husband. WITNESS my hand and offic;al seal th~:_ 3rd day of Jul A. D. L9 72 W STAT E~F F L O R I D A • Notary Public a~ fo? ,ne.s~a of f(orids U~ OOCUMENTAp" STA~IP TAX My Comm~zsion expires: • ~ _ = _ ~ ~ _~S-•~ ~~4, _ NOTARY PUBL{C.~A1~o! NARt~A~~~E ~ O - ' ` t.SY COMVIISSIQN EXPIRES ~SEPT- 25. 1975 e~ _ _ - ~ O B O = .rnded BY American BankNS ~ i N DEPT.M ~irEKK P.B.~9o~~: = _ f~~~p ~,tt~ HtC~R0E0 This Mstrument Prepared By WIq. E. Braun 57_IUCR[ COd[N~~S~~' i First Federal Savin s& Loan Association A"''`-'' 9 CI ERx_ C.. :u ; ~OURT of Fort Pierce , Florida pr~rpn ,<<• f~F" Checked By ~2~' J~~ 3 ~ 13 1~~~~ ~ R f~c~ ~3zs~ 1 ; 800K ~V J PAGf ~~t ~ : ! ~ ~ u ~ ~~,~f , _ _ _ ~ : _ ~