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HomeMy WebLinkAbout2382 3. 7a p:ace and co~rinuously keep on ?he bui'J~ngs now or i~ereafrer s~tuate on sa~d land and on alt rqv~p~nent and personally covered by ~hia mw age, w~~h all p~em~~nif thereon pa~d io fuil, fire insuronce ~n ~he ~sval sfond~rd po'icy lorm, in a sum aFp~oved by Ihe MORtGAGEE, and w~~~dsto insurance in ~ha usual sranJerd po::cy iorm, in s sum approved by ehe MOR7GAGfE, in such co~npany or cornpanies as the M02TGAGEE m d~reU: and all fire ar.~ w;ndsto~m insuronte poGues on any of said bu~ld~ngs, any interesl Iherein or part thrr<oi, in the aggregate sum afpresaid in eatrss thrreof, shail' .untain ~he uwal sta:~dard mo~~gagee tiause o~ such ather cia~se as the Mo~tgagee may requ~~e, making the ~oss unJar sa~d po c:~s, each and every, pa;~b'e ?a said h1pRiGAGEE as ~ts intrrest may appear, and each and every such poncy shall be promptly assgned and de~ivarrd i any held by sa~d IdOR(!',AGEE as tunher seturity lo said mo~tgage drbt, and, no~ leas than ten (10) days in ad~ance oi the expiration of each poticy, to d. i:,,-e~ ~o said TdORiGAGEE a re~~ewal thereof, togerher with a rece~pt fo? /he piamium ol such re~~ewal; and the~e shall be ~o i~re or w;nds~ofm insuranc p~3ted on any of sa:d 'oui!d~r~gs, any intarest thcrein or pan thereof, unless in the form and wi~h ~he Ioss payable as aforesaid; and in the evenl any sun of money beco~nes payab~e unJer suth policy or pol~cies said MORTGAGEE shait have the opr;on to rec~ive ai~d app!y the same on account o) the indabt~d n_~ss seturrd he~dby o~ to pennit a~~d ~dORTGAGORS to reeeive and us! i1 0~ dny part thereof tor o:ii~ r pw~ ~srs, v.:tE~o~t Ih_r, ,v~~.i.i3 cr aup..ir ~ng any equ~ty, tien o~ r~ght undtr or by virtue of th~s mcc'gage; and in the event sa~d MORiGAGORS shall for any reawn fait to keep rhe sa~d premiaas so ~~~iur~~d, or (ait to deiivcr promNrly any of said pot;eies of insuran~e !o sa;d MORTGAGEE, or fail promptiy to pay luily any premium thcrefo~ or in any respect lail to perform, dlscha~ge, execule, effeu, complete, co:nply with and abide by this covenant, or any par~ hr~eof, said MGRTGAGEE may place a~d pay for such ~nsur.~nce or any part therco( w~~houl waivinq or affeding a~y oprion, lien, eqv~ty, or righ~ unde, w b~r virtue oS fh~s Mor~gage, and the ~ t~;l a~no~nt of each and e.e~y such paymen~ shall be ~mmediately due and payable and shall bear intere:t from tho date ihereof uniil p,;~d at ihe rate ot ~e p~•r cenrum per annu:n ~nd to~r~har vvith such in!erest shaii be sccured by the lien Of This mottgagC. A. To permit, commit or suffe~ no waste, impairment a deterioration of said property or any part thereof. 5. To pay at~ and singular the costs, charges and expenses, including a ~easo~able atrorney's fee and cos~s of abslraUS of title, incurred or paid st any t~~,:c by sa~d MORTGAGEE, because o~ in the event of the faJure on the part of the said MORTGAGOR to d~ly, promptly a~d fully periorm, d~uharge. _.ecute, eftea, COmpiet@, co~nply w~th and ab:de by each and every the stipufahons, agreemenis, conditions, and covenant= of said promissory note and this rortqay^e any or e+iher, and said costs, charges and expenses, each and every, shall be immrd~a~ely due and payable; whether or not there be not~ce da ~ ~>>a~d, attempt to co~~ed or s~it pend;ng; and the iull a~noum of each and every such paymeN sh~ll bea~ interest from the date 16ereof until paid at fhe o~ n~ne uer crnzu~n ~•er a~i~~urn; a~id alt said costs, charges and exuenses incuned or paid, together w~th wch interest, shall be secured by the lien of 1h~s mmtgage. 6. That (a) in tha event of any breach of this Mortgage o? default on tF~ part of the h10RTGAGOR, or ib) in the event any of sa:d sums of money t~crein refe.red to be r.ot p~omptly and fully paid w~thin th~rry (30? days ne,ct afrer the same seve~aL'y become d~e and payable, without demand or notice, ~c) in thr evero each and every the stipu~ations, agreemems, conditions and covenants of sa.d promissory note and ih~s mortgage any or eithe~ are no1 i~iy, promptiy and {uily perfanned, d,scharged, ezxuted, effected, completed, comp:ied w~th and ab~ded Sy, then in either or any such event ~he sa+d ag a~<~gate sum mentioned in sa~d promisswy note tben remaining unpaid, with interesi accrued, and a~l moneys secured hereby, shall become due and pay- ~o c fortnw~th, or thereaftcr, at the option ol said MORTGAGEE, as fuliy and comptetely as if alt of thQ said sums of money were oeaginaiiy st~pu:ated be pa:d on such dcy, anything in sa d pro:n~sso~y note or in ~his Mortgage to the cont~a~y r.o?witbstanding; and ~hereupon or thereafter at ~he opuon of s+;f !dORTGAGEE, w~thout nohce or demand, suit at law or in equrty, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby c. ~i matured pr~or to ~ts institvrio~. 7. 7har in the event that at the beginn~ng of or at anv time pending any sv~t upon rhis Mortgage, or to foredose it, or to reform i1, or to enforce ~-i,ment of any ciaims he~eunder, said MORTGAGEE shall apply to the Court having ju~~sd~c~~on thereof for the appo~ntment of a Receiver, such Court shail i_~~h,,•,;th appc~M a~eceiver of said mortgaged property all and sin9ular, includ~ng a~l and s~nguiar the incon.e, prof~ts, issues and revenues from whate~er >:•cr drr~ved, each and every of whkh, it be~ng erpressly unde~srood, is hereby mortgaged as if spec;iically set fwth a~d desuibed in the graroing and i-':-~nd~~m c'a~ses hereof, and such Receiver shali have atl ihe broad and efiect~ve funct.ons and powers in anyw~se entr~sted by a Court to a Receiver, and s;h appoinlment shalt b~~ made by such Court as an admiered equity and a ma~rer of abso(uia rigM to sa;d MORTGAGEE, a~d vv~fhout reference to the t::}u;cy or inadaqvacy of the value of the property mortgaged or to the so~vpncy o~ inselvertcy of sa~d MORiGAGOR or the defzndants, and that such ~s, profrts, inco.ne, issues an.i revenues shall be applied by such Receiver accord~ng to the lien o~ equity of sa~d MORTGAGEE aad the practice of such Court. 8. To duty, prompt:y and Ful!y perform, discharge, execute, effect, corr+plete, comply with and abide by each and every the stiputatior~s, ag~eements, =::ditions and covenants ~n smd promissory note and th;s mortgage set forth_ 9. That in the eve~t the owne~ship of the mortgaged premises, or any part thcreof, Gecomes vested in a person other fhan the MORiGAGOR, the : JR7~,AGEE, ~ts succezsors and assygns, may, wi~hout notice to the MORTGAOR, deal with such suctessw or successor in imerest with reference to this ^ r~gage and the c~_ut F.ereby sewred in the same manner as with Mortgagor without in any way vitiating or d~schargin~ Ihe Mongagors' (iability here- de~ or upon th~ d~b~ hereby secured_ No sale of the Fremises nereby mortgaged and no forbearance on tho part of the 1110RiGAGEE or its successors ass~~ns and no exrersion of the time ior the paymem of the debt hereby secured given by ~he N10RTGAGEE or its successors or au~gns, ahall operate ~ re!eose, d.scharge, modify change or affect the orig~rtal liab~lity of the N,ORTGAGOR 6e~e~n, either in whole or in part. i0. It is spec:ficail~ agreed that time is of the essence of this contract and that no waiver of any obl~gation hereunder or of ihe obligation se- c~-_d h~reby sha1; at any time thrreafter be he.d to be a waiver of the terms hereol or of the instrument secured herby. 1 1. In „dci.+:cn to the forego ng n;onth!y paym~n~s of p: inc pal and interest req~ired by the prom;ssary no!e secured hereby, mortga~or covenants i agrecs ~o ra~ ~o ,,:o-tg~gee x~th eacF mon~hly pay~.;ent an add~~ionaf sum es!~n,ared by mortgagee to be equa~ ro 1;'12 of tl,e am~ua! cost of the follow- . A-Ali rea! property taxes levi~d or assessed agai~st the above described real estafe. 6 Pr~•s,~.,•:~z o~ f~re and v.indsto+m insurarce as he.e~n ~eyu~red to be carried on the improveme~ts s~tuate on the above desc.ibed premises. C-Prem~~,~.s o~ wch .r.ortgage guaranty ir.sura~~ce as mortgagee shatl from t me to time deem {it to carry on the loan secur~ hereby. R'ort3agee s+:all ?rcm nme to nme not~fy mortyagor ;n wriung of the amou~t due and payable hereundzr and such sum shall thereupon be due and .+b:e on th< <!•~r da!e of ih= next mot~th!y payment and each successive month thereafter ~r.til mortgagee shali notify r»artgagor of a change in such - o:r:. S~ch sums sFa,f }~e apF~~ird by mwtgagee roward the payment of real property taxes, inzurance prem;ums, and mortgage guaraniy insurante ^~ums. iN ~VITP~ESS b`eHER~OF, the sa~d MORTGAGOR has hereunto set his ha~d and seal the day and year irst aforesaid. ~ Signed, Sealed and deli red in the„presence of: ~ ~ } . ! ~ ~7 ~ - ~ ~l ' ~ ~ ~ Do a s K Hei mi l ler ~a~ n~ . _ _ ' Ka ren Sue Heinmi2ler A/K/p,~,n ' Karen S. Heinmiller :'ATE Of FIORIDA ~ )~tJTY OF _ St . Lucie ~ ~ ~ Douglas K.Heinatiller a~ j Before me personally ap a~ed Karen Sue '~ieinmiller A/K/A Karen S. Heirtmiller his wife, to me Wen ~now~ and known to me to tx ~ ind~viduat: described in and who executed tF~e fwegoing inslrument, 'and atknowtedged before me that they executed the same for the purposes ~^,:re~n expressed, And the said Karen Sue Heinmiller q p Karen Heinmiller :::'e of the sa~d _ ~u91as K. Heinmiller upon a aepa?~te and privats •~m~narlon by me taken separate and apart from her said h~sband, acknowledged to and befwe me that she executed said insV_ument',ff~el! a~Ki volum ~~,;y ar~d w~rhout any co:r•putsion, cdhst~aim, appreh ny;on, a fear of or frnm her said husband. t L'YITNE55 my hand and officeal seal this- j~ day of ' Au~L15t " ~jq 72 _ ~ ( ~ " • ~ ! N ary Public in and i the ti2e-o~J ~f~a 61 lar~ ~ My Comm~ssion exp'ues: ~ ' Return To: . Fust Federal Savi~gs 3 loan Associat~on - pf Fort F e~ea. ~t3452 - Fert P;erce. Florida ;i~,i;~.:~1»~ FILE~ At1D aECORDED _ _ ST. ~ Gf R PO TRAS This Instrument Prepared 8y John W. Collins CLERK CIRCUIt COURT First Federaf Savings 8~ loan Association RECOR~ 1ERsftE~.r~.••--- i of Fort Pierce ~ Florid2? ~ 1 2 0(~ PN s i Checked By _ ~ , js a°oox~04 PACC2381 w . - - = ~ ~ w. , , m ~s