The URL can be used to link to this page

Home My WebLink About0720 3. To p'ace and coniinuovsly keep on the bui!d~ngs now or hereafter fEtuate on sa~d Iand and on a11 equ~pment and personally covered by this ma age, w~th all prrn~iums thereo~ pa:d in full, f~te i~suranct in ih~ usu~l startdard policy form, io a sum approved by ~he MOR~GAGEE, and wiadsto ~nsurance in ~hr usual stand3rd pollcy fon~, in a sum approved by tha MORTGAGEE, in suth company or tompanies as the b10RTGAGEE m d~~ect; and atl lire and w~ndstorm insurance pol~cies on any of said buitd~ngs, any interes~ therein o~ part lhereol, in the aggrzgate sum afo~esaid ~n eacess ~he~eof, sha? conra~n the usual standard ma~g~gae c~ause or such other c?a~u as the Mortgagee may requ:re, makirg ~he lou under smd po c;es, each and every, pay~ble to said 1~IORTGAGEE as ~ts inte~est may appear, and each and every such poiic/ shall be promptly ass gned and detivered s any held by s~~ti hlOR1GAGEE as funher secu~ity to aaid mor~gage dzbt, and, no~ less than ten (10) days in advance of the expirat~on ol each potfcy, ro d. ~~~er to sa~d AtORiGAGEE a renewal thereoi. togethe~ with a rece~pt for the premium of such renewa!; and there shall be no Gre or windsro~m insuranc + p!aced on any of sa~d 'oui!J+ngs, any interest there~n or part thereof, unless in the torm and with 1he loss payable as aforesaid; and in the eveni any sun 3 of mo~ey beconwc payabte undr~ such policy o~ policies said MORTGAGEE shall have fhe ophon ro reca:ve artd apply fhe same on account ol the indabted ~ ~~~•ss secvr~d ha:rby or to permit said 61QRTGAGORS ro reeeive and use it q any part th?:eo1 tor o:her Hu~r ases, ,•.~~ho~t th>..o~ wa~vL~3 0~ impai~ any equ~ty, Gen a r~9h~ under a by virtue of this mo:tgage; and in ihe event sa~d MORiGAGORS shatl tw any reason fait to keep the sa~d prem~sr~ so ;~~.sur.d. or ~ail to drliver pro.nptly any of sa+d polities oi insuran~e to said MORTGAGEE, or fail promptly 1o pay fully any premi~m therefor a in a~y r~spect fail to pe~form, d~scha~ge, execute, effen, comptete, comply with and abide by this covenant, o~ any part hareof, said MORTGAGEE may place ar.d pay fa such insurence or any part thereof without waivi~g or afiecting a~y option, lien, equ~ty, or right under or b~ virlue of this Morlgage, and tht full aino~nt of each and e.ery such paymenl shall be immediately due and payable and shatl bear interest from the date thereof until paid at the rate ol n:ne per cenw~n per a~inum ~nd to~rthcr v~ith suth interest shali be srwrr~ by the lien of this mwtga~e. To permit, commit or suffer ~o waste, imFairment w deterioration of aaid property o~ any part thereof. 5. io pay aIl and singutar the costs, charges and expenses, includin~ a reasonable attwney's fee and costs of abstracts of r.tle, incurred or paid at .~y i~~~~e by s~~d MURTGAGEE, because w in the evero of the fa~lure on ~ix pan of the said MORTGAGOR to duly, promptly and fully p~~fwm, d~uharge. ,.~cute, eficct, complete, compty w~th and ab:de by each and every the stipulat~ons, a9reements, conditions, and covenants of said promissoiy rtote and this ~ o~rgage any or e+~hes, and sa:d costs, char9es and expenses, each and every, shall be immedialety due and payabte; whether or not there be notice de .,•~d, attempt to coll~ct or suit pending; and 1he tull a~nouM of each and e~ery such payment shall bear interest from Ihe date ihereof uroil paid at the o~ n~ne uer cen~um per annu:n; arw' aN said co:ts, charges and e:peoses incurred or paid, together w~th wch interest, shall be setured by Ihe lien of thi~ rr.ortgag0• 6. That (a) in the event of any breach of this Mo~tgage o~ default on tM part of the MORTGAGOR, or (b) in the event any of sa:d svms of money h:~rein refenrd to be not pron,p:ly and fully paid within thirty (30J days next after the same severally become d,~e and payable, without demand o~ nctice. c~ t~) in ~hr event each arxl every Ihe stiputations, agreements, conditions and tovenants of sa,d promissory note and th~s mortgage any or eiiher are not iuiy, pro~r.ptly and fu~ly performed, d:scharged, executed, effected, completed, complied ~rhh and ab~ded by, ~ixn in e~thrr or any svch e~ent the sa~d ag- .r~~ga!e sum rnent~o~:c<i irt said promissory nofe thrn remaining unpaid, with ioterest accrued, and a1{ moneys sewred hereby, shall become due and pay- c fo~thwith, or ~herealter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were o~ginally stipulated te bc pa"d on svch d~y, anything in sa:d pro~n~sso.ry nofe or in this Alortgage to the contrary nOfwilhs?anding; and thereupon w lhereafter at the option of s~.d M.ORTGAGEE, wrthout nonce or ~;,nand, suit at law w in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby n,3 matured pnor to ~ts insGtut~on. 7. That in the event that at ttx beg~nn~ng of or at any time per~ding any su~r upon tiiis Mortgage, or to fo.eclose it, or to reform it, or to enforce ~.~:ment of any ciaims hereunder, sa~d MORTGAGEE shall apply to the Court having jurisd~ct~o~ thereof for the appo~ntment of a Receiver, s~ch ~our1 shal! ..•:h.vith appom~ a rece~ver of said mortgaged property all and singular, intlud~n9 a~l and slnflu~;tf~ ~~ome,.pro~~ts, issues and eeven~es from whateve~ _-ce denved, e~ch and every of wh~ch, n be;ng expressly understood, is hereby mor~gaged as if spe4~icaily set forth and described in the g~anting and ••~~nd~m cia~sas hereof, a~d suth Receiver shail have all tne broad and eifecr;ve funct.ons and powers in anywise entruated by a Court to a Receiver, and s,n appoin!m~~iT shalt be made by such Court as an ad~nitted equity and a matter of absoiute right to said A10RiGAGEE, and wiihout re(erence to the r•_~.,acy or ~nadequacy of the value of the p~operty mortgaged or to thr so~vency or insoivency o1 sa~d MORiGAGOR or the defzndants, and that such ~ •s, preFrs, inco,ne, issues and revenues shaU be applied by such Receiver accordu~g to the Ifen w equity of said MORTGAGEE and the practice of such C~art. 8. To duty, promp~'y and futly perfo~m, d~scharge, execute, e~fett, complete, comply w~th and abide by each and every the st~pulations, agreements, .,;~d~t;o:.s and cove~ar.rs ~n sa~d promissory note and this mortgage set forth. 9. That in fhe ev~~t the ownership of the mortgaged premises, or any part tF~ereof, becomes vested in a perso~ other than the MORTGAGpR, the :',~R7i,AGEE, its successars and ass~gns, may, w~rhout notice to the MORTGAOR, dea! wnh such successor or successor in interest with reterence to this o•fgage and +he d_u~ hereby secured in the same manner as wiih Mortgagor without in any way vitiating or d~xharging the Mortgagors' liability bere- .~•;i~~r or uE;on the oebt hereU~ secured_ No sale of the premises hereby morrgaged and no fwbearance on the part of the ?AORTGAGEE or its sutcessors asv~ns and ro exr~ns~on of the time (or the paymem of the debt hereby secured given by the MORTGAGfE or its successws or assigns, ahall operate fo re~eese, d~scha;gr, mod~fy change or affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fical{y agreed that time is of the esse~ce oi this contract ar.d that no waiver of any obligat~on hereunde~ or of the obligation se- c::•ed fiereby sha'i at any time ~hereafter be he:d to be a waiver of the terms hereof a of the instrument secured herby. 11. In a:i;ft:c ;~o +he forego ng monthly paym~ms of p:inc pal and inrerest requ~red by the prom ssory no!e secured hereby, mortgagor covenants ;~gr_es to ;~ay te n:c-tgagee .n~th each monthfy payr.:ent an add~~ional sum esumated t:Y mortgagee to be eq~at to 1; 12 of the an~ual cost of the fol?ow- j: A-.;II real ~ roperty taxas levied or assessed agai~st th~ above described roal estate. 6-F: r.s o~ f~re and v,ir.dstor~e, ~nsuracce as here~n requ~red to be carried on the [mproveme~ts s:tuate on the above described prEmises_ C-Pre~*•~~~-s o~ such mortg;ge 9uaranty ir.surar:ce as mortgagee shall from rme to time deem fit to carry on the toan secur~l hereby. t.Sortaaaee s6a f.'•o:n. ti~^e to time norify mor~gagor ~n wrir~ng of fhe amount due and payable hereundrr and such sum shall thereupon be due and .~6'e on th~• ci~e dare of the neat momh:~ payment and each successive month thereafter ur.tii mcngagee shaH notify mortgagor of a change in suth ~.~nt. S~ch s~ rs sFa:l be app:ied by mortgagee toward the payment of real property taxes, insura~tice prem:ums, and mortgage guarenty insurance c niums. IN ~;ITN.SS 't:HEREOF, the sa~d MORTGAGOR has hereunto set his hand ar.d seal the day and year first aforeuid. . S~ aled and det'vered in ~the presence of: 1L / -L/~ (Sea!) Bruce Lewis ~~a~~ ~ ` L'Ce .~t.-~ . - ~/~fic t/ {Sea4 Myr le E. Lewis ts~aq ~".;TE OF fLORIDA ~ t $S. - CJU'JTY OF St; L11Cle ~ ; • F Before me persoRally appeared B!'UC6 ~W1S a~ ___~YYtle E pW c his wife, to me welt (cnown and known to me to be ,:~nd~YiduaSs desc.~bed ;n and who executed 1he fwegoing instrument, and atknowled3ed before me that they executed. the same for the purposes ~!~:~•e;n expressed. And the said Myrtle E. l.@W15 c of the said gruce ~W15 upon a separate ar?d private •~mna!~on by me taken separate and apart from her said husband, acknowledged to and before me that she ~xecuted said instrument freety and volurt -~y and w~rhout arty compu~sion, constraint, apprehen o~n,.- /qr fear oF w f!om F~er said h~sband. WITNESS my hand and official seal this- ~1" day of Au uSt A. D. 19 72 ri~Eq R epRQp t~?--L Y~~. ~~t ~Y.IUC<< C4~MTY f~A, R~~c~ ;~~Tp~~ NotaRY ublic in and for the State of Ftwida ~t large Q~~,Rk C'~i:Ulj eQ~~j ` My C mmission expires: Rerurn ?o: f~rst federal Savings 3 loan AssociaY~on RfCORO VEn~f~EO~ of ~o~r o~:ca NOTARY PUBtIC ST j~~OF fl CA~7A eT I AR4L ~Q 3~ ~ MY COMMISSIO(11 PIH~ ~Ilr. 13, 1974 F~., v._.~z. ~i~~;d3 1J~?ER~ERS, iNC. 235492 ~ ~ . : s- G ~ . : ~ . This Instrument Prepared By RiChard K. Kayes ~ F~rst Federai Savings & Loan Association ~ , _ of Fort Pierce, F lot ida ~ U, Checked By ' ' . BQOK 2O5 PACE / ~?U _ . r, _ 1 _ : - - - _ . _ _