The URL can be used to link to this page

Home My WebLink About1106 3. 1o plate and continuousty keap on the bui!dings now w hereafter ~ituate on said land and o~ all equipment and personatly covered by this ma age, wfth aIl premiums ~hereon pa~d in iu!!, f~~e insurance in thr usual s~andard pot~cy form, io a sum app~oved by ~he MOR(G~GFE, a~~d w~ndsto ~n~urance i~ ~he usual ~randard pol:cy form, in a ium approved by the MORTGAGEE, in such company or con,panies as ~he MORTGAGEE m d~rect; and all iire and w~ndstorm insurance potiues on any oi said buitdsngs, any inre+est rhe~ein ar pa~1 thereof, in Ihe aggregafe sum afo~esa~d in excess lhereof, shall coMain the usual s~a~~dard morlgagee clause or such o?he~ clause as the Mortgagee may reqw~e, maAing thz ioss undr~ smd po cies, each and every, payable ro sa~d h10RTGAGEE as i1s iNrrest may appear, and each and every such po(i~y shatt be p~ompNy ass gned and de~ivered ~ an held ~ said MORiGAGfE as (urthrr secu~~t ro sa'~d moit a e debt, and, not leu than ten (10) da s in advance of the ex uation of each Gc 1o d~ ~ Y Y Y 9 9 Y P PQ Y. iiver to said MORiGAGEE a renewal thereof, toge~he~ with a rcceipt fw the p?emium of suth ~enewal; and Ihere shall be no f~~e o? windstorm insurant p~eced on a~y of said buildings, any i~terest therein a parr thereoF, untess in the form and wifh the loss payable as aio~esaid; a~d in the event any sun of money becumea payable uode~ such policy o~ pol~cies said MORTGAGEE shall have ~he opt~on to recaivc and apply tiie same o~ account o( the indabted nrss secured hereby a to permit said MORTGAGORS to reetive and use it or any pa~1 the:eof fo~ o:iier pur~,oses, ~v~nc~,~t ih_•. a~ ~v.:;vi.~g er n•,p~ir ing any ~qu~ty, Iien o~ right unde~ q by virtue oi this mo:•gage; snd in the event Wid MORTGAGORS shall for any reason faii to keep the said pre~niies so „ ~nsured, o~ fail to deliver promptly any of said pol~des of insurance to said MORIGAGEE, or fail prompily to pay fully a~y p~emiu~n theraiw w in a~y respect fail to pc-~fwm, dfscharge, execute, effect, comptete, comply wirh a~?d abide by this covenan~, w any part hrreof, said MORTGAGEE may place a~~d y pay (or such insurance or any part thereof without waiving or affecting any option, lien, equ~ty, or r~ght unde? or by virtue of this Mongage, and the ' f~ll amount of eath and e~ery such payment shall be immediately dve a~d payable and shall bear interest from the date thereof until paid al the rate oi ~ ' n~ne per terttum pe? annum and together ~vith such intereat shall be sewred by the (ie~ of this morigage. 1. To permit, mmmit w suffer no waste, impairment ot deterioration of said property or any part thercof. 5. To pay all and s~ngula~ the costs, charges and expe~ses, i~cluding a reaso~able attor~ey i fee and costs of abstracts of title, incurred w paid at any time by said MORTGAG'_E, because or in the event of the failure on lhe pa?t of the said MORTGAGOR to duly, promp~:y and fully pe~ierm, d~scharge, ~ execute, effecl, comptefe, comply w~fh and ab:de by each and every the stipulations, agreements, condi~ions, and covenants o( sa~d promissory note and ~hi~ ' mortgage any or either, and said costs, cha~ges and expenses, each and eve?y, shall be immedia~e~y due and payabte; whether a not rhere be not~ce de ' mand, attempt to cottect w suit pending; and tht fu!! amoun! of each and every svch payment shall bear interest from 1he date thereof un1i1 paid at the rste of nine per czntum per annu:n; anc all said costs, charges and expe~ses incurred w paid, together w~th such inlerest, shall be secured by the lien of thii i mortgage. 6. That (aj in the event of any breach oF fhis AAOrtgage or defavl~ on the part of the MORTGAGOR, or (b) in tFrt event any of satd sums of money ' herein referred to be oot promptly and fully paid within th~rty (30) days rxxt after the same severally become due and pa~able, without demand or notite, ~ o~ (c) in tF?e event each a~d every the stipula~ions, agreements, conditions and covenant= oi sa~d promizsary note and th~s mortgage any or either are not ; iuly, p~omptly and fuUy performed, discharged, ezecuted, e(fected, compkted, complied with and abided 5y, then in e~fher w any such evem the sald ag i yreqate sum mentioned in said promissory note then remaining unpaid, with intere;t accrued, and all moneys secured hereby, shall become due and pay- ~ abte forthwith, or thereafter, at the option of said MORTGAGEE, as fvlly and completely as if all of 1he said sums of money were orginslly st~pulaied ro br pa~d o~ s~rch day, anything in sa:d promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of sa~d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or tAereafrer begun, may be prosetuted as if all moneys secured hereby had matured pnw to its institution. 7. That in 1he event that at the beginning of or at any time pendirg any suit upon this Mortga~e> or tp forectose it, dr to reform it, o? to enforce payment of any clairtu hereunder, said A10RTGAGEE shall apply to the Court having jurisdidion thereof fw the appointment of~a Reteivei,'such Covrt shall iorthwith appoinl a?eceiver of said mwtgaged property all and singutar, inttud~n9 all and s~ngular the in~ome, profits, iuues and ?even~es from whatever scurce derived, each and every of whKh, it being cxpressly unders~ood, is hcreby morigaged as if spec~fically set fath a~d described in the granting and habertslum ctauses hereof, and such Receiver sha~l have all the broad and effective funct:ons and powers in anyw~se entrusted by s Cour1 to a Recaiver, and s~ch appointment shali be made by svch Court as an admitted equity and a matter of absolute right to sa:d MORTGAGEE, and without reference to the adequaty or inadequacy of the value of the p~operty mwtgaged or to the sotvency o~ insolvency of said MORTGAGOR or the detendanfs, and that such rents, profits, incane, issues and revenues ahall be applied by such Receiver atcord~ng to the lien or equity of said MORTGAGEE and Ihe practice of such Court. 8. To duly, promptty and fully perform, discharge, execute, effect, complete, comply witfi and abide by each and every the stipulations, agreements, conditeons and covertan?s in u~d promissory note and this mortgage'set fwth. 9_ TF~at in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe?son other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such succeuw w successor in interest with reference to this mortgage and the debl hereby secured in the same man~er as with Mortgagor wishout in any way vit;ating or diuharging the Mortgagors' liability here- under w upon the debt hereby secur¢d. No sale of the premises hereby mortgaged and no forbearance on Ihe part oi the MORiL3AGEE a its sutcessws or assigns and no extens~on of ~he time iw the payment of the debt hereby secu~ed given by the MORTGAGEE or its svccessws or au;gns, a5a11 operate ro release, d~uha~ge, modify change or affect Ihe ariginal liability of the NIORTGAGOR herein, either in whole or in part. 10_ It is spectfically agreed ihat time is of the esse~ce of th~s contract and that no waiver of any obligat~on hereunder w of the obligation se- cured hereby shalt at any time thzreafter be he:d to be a waiver of the terms here~( or ot the instrument secured herby. 11. In add~tion to the forego"ng monthly payments of princ'pal and interest required by the promissory no!e setured hefeby, mortgagar covenants and agr~es to pay to mo:tgagee v.ith each monrhly payraent an addi~ional sum est~mated by mortgagee to be equal to 1,: 12 of the annua~ cost of the follow- ing: A-All real property taxes tev~ed or asses:ed agaiost tho above described real estate. 8-Premiums on fire and wirtdsrorm irtsurar,ce as herein requ;red ?o be canied on the im~roveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shal! from t;me to ti~ne deem f:t to tarry on the loan setured hereby. Mortgagee shail from time to time notify mo~tgagor in writing of the amount due and payable hereunder and svth sum shall thereupon be due and ~ ayable on the due oate oi the next month:y payme~t and each wccessive month therealter ur,ti! mortgagee shall nofify mortgagor of a cbange in such a^ount_' S~ch sums sF.a~l be applied by mortgagee toward the payment of real property ta:es, insurance prem;ums, a~~d mortgage guaranty irtsurance p~emiums. IN WITNESS 1VHEREOF, the said MORTGAG02 has herevnto set his hand and seal the day and year first aforesaid. ~ igned, Sealed an delivered in the presence of: • an _ Geor e . fCern cs~an ~ Sea4 Esmeralda M. Kern ~~a~y S?ATE OF FIORIDA S~. L.LiCle 55. ! cour~nr oF ~ ~ ! 8efwe me personally a peared George v. Kern a~ j _ Esmeral~da Kern his wife, to me well known and known to me to be ~ the ind;viduals described i~ and who executed the foregoing instrument, and acknowledged before me that they executed ihe same for the pu~poses ~ ~ th~rein expressed. And the said Esmeralda M Kern ~ ' wife of the said y ~ ' Geor e V. Kern ~ T~~; ~~,a,~,,,:,,,~ ~.;y~~e ' examinaYwn by me taken separate and apart irom her said husband, ecknowledyed to ar.d before me that she executed, s~id instr~~we~t .freeTr aild volun- ; ~arily and wi~hout any compulsion, constrai~t, apprehen 'on,{,or fear of o~ from her said husband. ~ ~ : ' i WfTNESS my hand and official seal this / t day of Ju I ^ ~~7,j. ~p 7z " ~ _ ~ Notary Public in and for tRe%S~te a at~~ ,'pe My Commiuion eapires: ' ~ . ' ~ ; Resurn To: ~ ` First Federal Savings 3 loa~ Association NOTARY PUBItC~ STI+~ ~,ftlOR~01K st LAR6E Of fort P;e~ce. MY ~p~~~$$)p?/ ~(PIRES SEPT. 25. 1975 Fort Pierce, Florida gonded gr American Banken Insuronce ~.o. . ~ fILEO AND RECORO~p ` ~ at ~vc~f couKtr f This Instrument Prepared By Richard K, Kayes IiOCER POITRAS ~ First Federal Savings & loan Association CIERK CiF:CUIT COURT of Fort Pierce ~ Floiida RECOR~J ii~A1FlED ~ Checked By ~t.19 2 49 PN ~~Z ` Bo~K~4 ~~cf1~~J 233590 ; ~ ~ _ ; , - _ _ - - _ . _ - - ~ ~~s„~~.. ~ .~_x_ r. _ ~ w ~ ~ =