The URL can be used to link to this page

Home My WebLink About0873 3. To place and cont~nuo~sly 4rep on ~he bui:d~ngs now or he~eafter situate on se~d land and on aC cquipmenl and personally covzred by tF~s mor age, wi~h all premiun:s therzon pa~d ~n full, Grc ins~rante in ihe usual staiulard poi~cy form, in J S~m ,Ep~o~ed by ihe ti10R~'v:.GFE, a~~d ~nindsto h~wrancr in the usual,s~anda~d po::cy form, in a wm appio~ed by, the h10RTGAGEE, in such tompany or tornF:an~es as the 1d02TvAGFE m d~rect; and all f~re a~,d w~ndsiorm ins~rance po~~des on any of sa~d bu~id.ngs, any in~eres~ therrin cr pa~~ therrof, in ihe agg<<9a~e w~n a~o~esaid in excesa ~her~rof, shall :uroain ~he usual sta~:dard mortgagre dause or such other clause as Ihe Morty3gee may ieq~~re, maAing the ~oss ~ndr~ sa~d po c~es, each and every, pay~5~e to sa~d titJRiGAGEE as ~ts imerest may appear, and each and every s~;h po.~cl ihalt Ire prornpiiy ass g~:~d and de~ivrred : any Field by sa~d 6!ORtGAGEE as funher sew~~ty ro said mortgage dcbt, and, not less ~han ten (10) dn~s in ad:ance of ~ha eap~rat~on of each poGCy, to d. e Gver to said MORTGAGfE a renevfal tt~ereof, toge~her with a rece~pt tor the premium of such rene~a~; c~id ~i~~re shail be ~w fre o~ w+~~ds~o~~n ~ns~ranc placed on any of said bu~ld~ngs, any ~meresl there~~ or pa~t thereof, unless in ~he lorm and wi+h the Icss pay~ble as a4oresaid; and in the eveM any sun of money becanes payable undrr such poGcy or pol~cies said AlORTGAGEE shall have the opt~on to rec~~ive ~nd app!y t'~~e same on account of the ind~bt~•d nrss secured hrreby or (o permlt sa~d ~AORTGAGORS to receive and use it or any part ~he:~of for orn•_r ~.ur; ~s~s. .:~~~~:-t ~~h". '-.-~:"'7 '"'a~" ~ng any equ~ty, lien or righ! undrr a by vi~tue of thia moc~gage; and in the eve~t sa:d MORiGAGORS shall for any rcason fail to kcep the said premisas so ~nsured, or fail to deliver promptly any of said pol~cies of insurance to said MORTGAGEE, or f~~l p:omptly to pay f~:~y any pre therafw or a~~y re:pect fail to perform, d~scharge, exrcute, eifect, completa, com~ly with and ab~de by th~s covenan~. o~ any p.~rt h~reof, sa~d Mi1RT;,AGEE may p+ace a~~o pay fo~ wch insurance or any pdrt thereof withovt waiving or dffecling dny option, lien, equAy, or rigM under or by virtue of this Alortgage, and thE 4~11 a~nount of ea<h and every such paymr~f sha1~ be iminediately due and payable and sha!! bcar intrrrs~ from tha dete thereoF until poid at the rate ol nlne per tentom pe~ annu:o and to~rthc~ ~~rth such interest shali be s~ured by the lien of this mortgage. 1. To permit, commil or suffer m waste, impairment or deterioration of said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attwney's fee and costs of abstracts ot titte, incvrred or paid at any ti~r.e by said MORiGAG:E, because or in the evem oF the ta~iure on Ihe part of the said h10RTGAGOR ro duty, pro:nptly and fuily pe~(onn, d~scharge ~.~.c~te, efiec~, comp.ete, comply w~th a~~d ab:de by each and every the stipulat~ons, agrermeros, conditions, and coveriants of said piomissory note and th~s .~r.tgage any or e~~her, and sa~d cests, charges and expenses, each and every, shall be immediately dve and payabte; whether w not ~here be not~ce d= ma~~~, atte~npt to collect or suit pendng; and the fuU amouM of each and e~ery such payment shall bear interes? from the date thareof until paid at the o~ n~ne per c~•ntum pcr on~~,.:~r, ~n~ ~1~ sa~d costs, charges and expanses iruurred or paid, together w~th such interesl, s:~all be secured by ~he lien of this morigage. 6. That (a) in the event of any breach of this Mortgage w defa~lr on tt~ part of the A'.ORTGAGOR, or (b) in the event any of sa~d sums of money hercin ~eferrad to be not promptly and +uity paid within th~rty (30) days next airci the same severa:iy become d~e and payable, without demand or nonce, ~ or (c) in the evem e~th and every the stipu~ations, agreemems, tond~rions and covenants of sa,d pro:nissory note ana th~s mortgage any w e~ther are no1 * 3uiy, promp~ty and fuily performed, d:scharged, eaecuted, eifected, completed, complied with and ab~dad 5y, then in e~the~ w any such event the sa~d ag~ ~ 3r_gate s~m ~nenliOned in said pro~n~sso~y note then remaining unpaid, with inrerest aarued, and ad moneys secured hereby, shali become due and pay- eo e forthw~th, or thereafte~, al ~he option of sa~d MORiGAGEE, as fu~ly and comptetely as if all of ~he sald sums of money were or~ginally supuiated ~ to be px.d on suth d~y, anythinq in sa.d prom.:sory note or en this 6lortgage to the conrrary notw~thstanding; and therevpon or thereafter at the option of ~ s~;d MORTGAGEE, w~thout aor~ce or d_•mancl, wd at law w in eqvity, therefore or thereafcer ~gun, may be prosecuted as if alt moneyi secured hereby ~ , r:~d matured pnor to its institution. ; 7. That in the eve~t ihaf at the beginning of w at any time pe~ding any suit .upon this Martgage, or to foreclose it, or to re(orm it, or to enforce F,ayment of any cia~ms hereunder, sa~d MORTvAGEE shail appty to the Court hav~ng jur~sd.crlon thereof lor the appo~nnnent of s Recsiver, such Court shail f~rahwith appoint a ~ece~ver of said mortgaged property all and singular, includ~ng all and s;nguia~ t6e ir.come, p.of~ts, issues arxl rever.ues from whetever s: u-ce derived, each and every of wh~ch, it being expressly underateod, is hereby mertgaged as ~f spec~f~caily set forth and described in the 9~antinq and ~+bendum c,a~ses hereof, and such Receiver shail have all the broad and e.`fecr~ve f~nu.ons and po.ve,s in any~v~se entr~sted by a Cou~t to a Receiver, ar.d s_ch appointme~it shall be made b~ such Cc~rt as an adm~tted eq~ity and a ma~se: of absotufe r~gM lo sa~d ti10RTGAGEE, aod wirheut refere~~ce to tht a:i~quacy or inadequacy of tF.e value of the p¦operty mo~tgaged or to the so~vency o* inso~vency of said A~IORiGAGOR o~ the de~andants, and that such r.•~~rs, profits, incane, issues and revenues shait be applied by s~ch Receiver accord~ng to th~ lien or equity ot said MORTGAGEE ar.d the practice of such Court, 8. To duly, prompt!y and Fu!!y perform, d~scharge, execu+e, effect, complete, comply w~th a~d abide by each and every the stipuiations, agreements, conditions and covenams ~n sa~d promistory note and this mo:tgage set forth. 9. That in the event the ownersh~p of the mortgagrd prem~ses, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the V~RTGAGEf, its successo.s ar.d ass~gns, may, weihout natice to the A',ORTGAOR, deal with svch successor o~ successor in interest wirh reference to this r, o~tgage and the d=bt hereby secured in the same manner as wi!h htortgagor w~thout in any way vit:ating or d~scharging Ihe /Acrtgagors' tiability here~ ~<r or upon the debt hereby secured. No sate of the premises hereby mo~tgaged and no forbearan~e on the part oi the IAORTvAGEE or its succeszors c~ assigns and no exre~s~on of the timr for the paymen? of the debt hereby secured given by the ll.ORTGAGEE or its successors or ass~grs, a~~all operate ro re!ease, d~scharge, modify cfiange or affect the o~iginal IiaoiGty of the M,ORTGAGOR he~rin, either in whole w in parr. 10. It is speufically a9reed that time is of the essence of this contract and that no waiver of any ob~~ga~~on hereunder or of the obligation se- cvred hereby shali at any time therrafter be he:d to be a waiver of the terms hereof w of the instrument secured he~by. I1. In add.t:o:. ~o the ioregc ng rnonth!y paym~nfs of p.i~c pal and inrerest req~~red by the prom sscry nwr secured hcreb~, mortgagor covenants -•,d agr~es to pay to mortgagee v~~th each i^on+h;y payr.:ent an add:cional wm es!~n:ated by mortgagee to be equal ro 1 12 of t:ie annual cost of the fatlow- A-All real pro~rty ta,crs lev~e~ or assessed agai•,st the above desaibcd reat estate. B-Ptern:u":s o~ i~re and w+r.dsso-,n ins~ra~.ce as here~n req~~red to be carried on :he improveme~ts s~tvate on the above d=scribed premises. C-Premiums on such m.artg;ge guaranty ir.sura~~ce as mortgagee shail 4iom t me to t~m< deem fit to tany o~ the toan sec~red hereby. Mortgagee s~a!I .'rom u:,:e to f~ne ~orify mcrtyager ~n writing of the amou~t due and payabte hereundrr and s~ch su~~ sna;l thereupon be due and i ...,;i~1e on the d.,e date of the ~~•xt n:onth:~ payment and each successive month thereafter ~~:til mortqagee shall not~fy mort~agor of a change in such i ~nt. Such sums sFa:l be a;:plied by mortgagee tovvard the payment of real property ta:es, insura~ue pren~ end mortgage guaranty insurante ; r-emium5. . ~ 1 E IN \dITNESS :VHFRCOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day aqd year usl aforesaid. ~ Signed, Sealed and d'~ed in the presence f: ~ ~~V Us.ut i ~ ~ . ~$Can ~j p Har d F. L wis ~~ai~ 6 ,(dt'~~ (Seal) Eula S. Lewis (~ary 5'aTE OF FIORIDA ' SS. :JUNTY OF SL. Lucie I Before me persona{ly appeared Harold F. Lewis . snd $111a I.QW15 his wife, to me weU known and f~r;own tq me to be ±i,a individuais descr;bed in and who executed the foregoing instrument, and acknowledged before me that they exetu!e~! thb a~~•Soc.tFiC pwposes therein expressed. And the said__~~d S• Lewis ~ " ~ ,,::f~: of the Ss~d _ Harold F• Lewis _ ~pw~ ~iep~ te~}.private e~am~nat~on by me taken separate and apart from her said husband, acknowled9ed to and before me that she exetuted sai~l~strurnent ,fraee!y_pnd volun- ~-,r:~y and without any comp~lsi~n, constraint, appr'h~y'~pn, w fear of or from her said husba ; v~ ~ ,4 y - - • 72 WITNESS my hand and off~c~al seal th~:_. day of - ~:D. 19 ~ ~a " ~ Not ry Public in and fo the tate of Fbrida Lf farge My Comm:ssion expiresc • ~ Retvrn To: `3~ 15 ~ First Fedecal Savings 6 Loan Assyiat~on ~ O! Fc.t Pcrce. Fort P~~rce, F!or~da ~ fIlEO AND RECOROEO i?. LUCIE COUMTIf FU. ~ This Instrument Prepared By: Gary F. EllwOOd RaCEa POITRAS t; ~ First Federal Savings & Loan Florida RECORO YfR FiEd C~URT of Fort Pierce ~ Checked By - ~1 3 ao PM ' 23;3~11 ~ R +~e~ j ~OQ~ZO~ PAGE H !J ~ f~ - 5,. ' - . . 3 . _ _ _H fi iU:. a c-~ -sr _.i; _ Gr~ ~..~y.«-3 ~'~y't`iPl~~.~i._..~'%'~~i-?c~.~ _ ,~~~"'ra-~r'~ _