The URL can be used to link to this page

Home My WebLink About0164 To ptace and continuousiy keep on t!~e bui'di~~gs now or herea{ter ~ituate on said ~and and on all equip~nent and personally covered by this mo~ age, w~~h all prem~~~ns thereon pa:d in futl, fire insvrance ~n ~he usual standa~d po'icy form, in a sum a~.proved by the MORiGAGEE, a~~d windsto ~nwrance in thr us..al sca,;dard po~•cy form, in a sum approved by the MORTGAGfE, io such company or tompames as the Ma2TGAGEE m d~rrct; and all ti~e and windstorm inswante policies on any o) said twi!d~ngs, any inte~est therein or parl thrreo~. in the agyrega~e su~n aforesaid in excess th~rcof, shall :onr.;in the ~sual s~andard morigagee clause or suth other clau~e as the Mortyagee may ~equ~re, making the ioss undrr sa~d po c~rs, each and every, payab'e to said n10RTGAGEE as its intere~t may appear, and each anrl every such po!icy shall be p~omptly ass gned and de~ivered : any hcld by sa~d 7.10~fGAGEE as fur~her security to said mor~gage debt, and, not less than ~en (10) days in adYance of the e:piration of eac~ po~icy, to d. ~ I:~er ~o sa~d h10RiGAGiE a~enewal the~eof, togerher with a rece~p~ for the premium ol such renewal; and ~here shall be no f~~e or wi~ids~o~m insuranc p'aced on any of sa~d 'o~ild~ngs, any interesl Iherein or part Ihereof, unless in ihe form and wiih the loss p~yable as aforesaid; and in the even? any sun of money beto:nes paYable undrr suth policy ot policies said MORiGAGEE ahall have the option to rece:ve a~d apply the same on account of the indabted r.c•ss secured hzreby o~ to p^rm~t said MORTGAGORS to reteive and use it or any part th•~:eoi ior o:n~•r pur~ oses, v.~thout ~h~..aj wa~ni~ er ~•np~~~ ~ng any equ~ty, I~e~ o~ r~ght under or by virtue ot this mo:'gagc; and in Ihe event sa~d MORTGAGURS shall for any reason fail to keep the iaid pfemisrs so ~nsur,:d, or fail to dal~vcr promptfy any of s~id poliues of insurance to said MORTGAGEE, or fail promplly to pay fufty any prem~um therefor or in a~y respect fai! to perform, d~zch,,rge, execure, etfect, comp~ete, comply with and abide by this cove~ant, or any part hrreo(, said MGRTGAGEE may p~ace a:~o pay for such insurance or any part thereof withoul waiving or affeding any option, iien, equ~ty, or righ~ unde~ w by virtue of thes Matgage, and the f~it a~nounl of each and e.ery such payment shatl be immediately due and payable srtd ihall bear interest from the date thereof uniil paid at the rate o1 ~~~:~e per centum per annu~n and to~eth~•r v~ith suth i~verest shaii be xcured by the lien of this mortgage. 1. To pennit, comn,il w suffer no waste, impairment or deterioration of said property w any part thereof. 5. To pay a!I and singular the costs, charges and expe~ses, including a reasonable attorney's iee and costs of abshatts of t~tle, incurred or paid at thnc by sa,d tdORiGAG'.E, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fuJY perform, d~scharge. _.~~cufe, effect. co~nplete, comply with and ab:de by each and every the ;tipulat~ons, agreements, cor.ditions, and covenants of said promissory note and thls ,,ortgage any o~ e~~her, and sa;d costs, charges and ezFenses, each and every, shall be immediately due and payable; whether or r.ot there be notice dc rt,and, atte~npt to co~lect ar suit pend~ng; and Ihe full amou~U of each and every such payment shall bear interest Irom the date thereol ontil paid at the v~ n„ir pe~ crr.cu~n F~~r o~~~w:~r, anc alt sa~d costs, charges and ea;xnses intwred or paid, together weh such interest, shall be saured by the lien of this mcrrgage. . 6. That (a) in the event of any breach of this Mortgage or default on 1F~ part of the MORTGAGOR, or (b) in the event any of sa:d svms o1 money h~~rc~n referred to be r.o! promptly and fully paid within Ihi~ly (30) days next after the same severetly become due and payable, without demand or notice. cr (c) in thr event each and every the stiputatiens, agreemems,.conditioos and'covenants of sa:d p~omissory note and th~s mortgage any a c~ther are no1 i~iy, prompNy and fully pe~formed, d:scharged. ezecuted, eifected, comp~eted, complled with and ab~ded 5y, then in e~~her a any wch evem ~he sa~d ag ~~egate sum mentio~~ed in said prorn~sswy note thrn remaining unpaid, with in~erest accrued, and alt moneys secured hereby, shall become due and pay- r fo~th.v~th, or rhereaf~er, at the option of said MORTGAGEE, as fully and completely as i( all of the said sums of money were o~~9mally sGpufated ~o he pa.d on such dcy, anything in sa:d prom~sswy note or in this Mo~tgage to the contraiy notw~thstanding; and thereupon w thereafter at the option of s~ c1 MORTGAGEE, without nonce o~ demand, suit at low w in equ~ty, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby r, ;i ~nat~tred pr~or to ds institution. 7. That in the event tha~ at the beginning of or at any lime pending any suit upon this Mortgage, or to fweclose it, or to reform it, or fo enforce ..~;ment of any cl~ims hereunder, said MORTGAGEE shall apply to the Court havi~g jur~sd:tlio~ thereof (or the appomtment of a Receiver, Such Court shall C••hwil}1 d~F7Gi/11 3 rece~~er of said mortgaged property all and singular, includ~ng all and singutar the income, profi~s, issues and revenues from whatever ._-ce dcrived, each and every of whkh, it being expressly understood, is hereby mortgaged as if spec~fically set forfh and desuibed in Ihe g~anting and =nd~m ciauses hereof, and wzh Recei~er shall have all the broad and effective funcuons a~d powers in anywise entrusted by a Courl to a Receiver, and s.:h aF;poin!ment sha~t bc mrde by sLCh Court as an"admitted equity and a ma~ter of absolute right to said MORTGAGEE, and without reference ro the i-;~u,cy o• inadeqvacy of the value oi the p.operty mortgaged or to the so~vency or insolvency of sa~d MORTGAGOR p Ihe defendants, and that such ,~s, prof~ts, irco,ne, issues and revenues shall be appiied by such Receiver accordcng to the ~ien or equity of said MORTGAGEE and 1he pradice of such Court. 8. To du;y, promptty and fully perform, d~scharge, execute, ef(ect, complete, comply with and abide by each and every tFx stipulatioro, agreemeMS, ,d~t~ons and covenan~s ~n sa~d promissory note and this mortgage set forth. 9. That in the event the o•.vr.ership of the mortgaged p+emises, or any part thereof, becomes vested in a person other fhan the MORTGAGOR, the :^RTGAGEc, in successors and ass~gns, may, withovt notice to the A10RTGAOR, deal with such successor or successor in interest with reference to this a~igage ar.d rhe d_ot hc~eby sewred in the same manner as with Mortgagor without in aey way vitiating or d~xharging the Mortgagas' liability here- Jvr or upon sne debt her=by secured. No sate of the premises hereby mortgaged and no iorbearance on the part of the ~dORTGAGEE or its successws ;,ss~~ns and no exrens~on of the nme for the payment of the debt hereby tecured given by the MORTGAGEE or its successors or ass;gns, a~ial~ operate c re~easr, d~scharge, mod~iy change or affect the orig~nal IiabE;~ty of ~he MORTGAGOR herein, either in whole or in part. 10. :t is spec:t~caliy aqreed that time is of the essence of this contract and that no waiver of any obt~gation hereunder or of the obligation se- ,_red hereby sha:~ at any time thereafter be held to be a waiver of the terms hereof or of the instrumeN secured he~by. 11 . In .;cid •:o-, ro *he forego'ng month!y payments of princ'pal and ~~~~erest required by fhe prom ssory no!e secured hereby, mortgagor covenants agrces so ~a~• ro n:o-tyagec ~nfth each month;y pay~~~ent an add~r~onal sum <st~mated by morrgagee to be equal to 1;' 12 of the annual cost of the follow- .Y-AU real prep_rty taxrs lev~=d or assessed agal~st tFu_, above described real estate_ 6- rr_~r.~~~n; o~ f~re and windstonn insurar.ce as herein requ:red to b~ carri~d on the improveme~ts situate on the above dsscribed premises. C-Pre n~ur.~s o~ such mortgage guaranty insurer,ce a, mortgagee shall from t me to ti~ne deem fit to carry on the loan sewred hereby. j N.ortgagee s~,a'1 !-om t~me to time notify mortgagor ~n writing of the amount d~e and payable hereundrr and such sum shall thereupon be due and ~ ,.~b'e o~ ~h_ d:,e ciare of ~he next moMhiy payment and each successive month thereafter untit mertgagee sha!I not:fy mortgagor o{ a change in such j ,ne. Su~h s.::~~s s1~ii be app!ied by mortgagee toward the payment of real property taxes, insurance p~em:ums, a~~d mortgage guaraMy insurance I _ ~,uums. IN 1'~ITPJE~S :":HER~OF, the sa~d MORTGAGOR has hereunto set his hand and seaf the day and rst aforesaid. S~gned, Sealed and deiivered in the presence of: - j Seal~~ . ~ ~ , (Seaq ~Seaq - ' (Sea4 :;,~iE QF FIORIDA ~ .~'ti L11C1@ S5. ~ .;~ur+rr eF • ~ Before me personatly appeared W1~~~II1 Earl Braun and CiaY'O~Tl tj8T1@ B1'811A his wife, to me well known and known to me to be • ind;vid~aSs described in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same for the purposes t'~,~•ein expressed. And the said Carol,~rn Jane Bra~ 'e of the sa~d _ ~l~~Tll Earl Braun upon a sepsate and private •.+m:nat;on by n,e taKen separate and apart from her said husband, acknowledged to and before me th~t she executed said instrument iteely and volurt ' and w;th~~t any computsion, constraint, apprehensio~ fear of or from her said husband. ~ ~NITNESS my hand ared official seal this 9- day of A A. D. l9?2 _ t ~ ' : ~ Notary Publ' and fw 1F~,e,/~ tate of fbrida et Large ' ~ My Commis ' expires: .Cltii ~ / 9 7~ Retvrn To: ~ ~ ~ ~ first Federal Savin s 3 loan Assouanon n;[~T:+fiY f~-~ 'L{C STAI'E GF F~''`~;~~ ~~~"t 1 ~ ~ MY COMtRlS"!ON EXP{RES A11G. 6, 1975~ ~ o+ P _ ~~~ENERAL INSURANCE U(~p/~~j~~~ ~ Fort Pi ~rce, Flerid3 . - . /Ij ij ~ " , . ~ FIIED aND RECO~OED ~ ~ : ' ' ~ • st. WCIE CCUNTY FLA• ROCE~ POITRAS ; ~ This Instrument Prepared By Richard K. K~res ~ ; ~ ~~E~K ~;~:;,U~T COUaTj~ (~h~- . First Federal Savings Fs~ Loan Association ltECOR~ YE~ F~EO.~.--- ~ ~ of Fort Pierce~ F101'ida " ~ ' ~ ~ . ~ ~ ~ . . ~~o ZSaH zt ~ Chzcked BY - - . . ~ ~ . ~ v~~ ~c~ ~r,~ 1~4 - - - - - ' ~ ~ ~ ~ z ~ ; ~ 'f i' ~ ~-~'T~ ~°°i ~ _ -~'s~"` ~T~.'~a..'r~.~'~ ~r~'~~ : _