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Home My WebLink About1825 ~ , ' ' m nt and rsonat! tovertd by thi~ ma ~ 3. To pface and cantinuoualy keep on the bui•dings now or hereafter fiWats on said land and on all equ~p e pe Y ege, w~th ail premiums thereo~ pa~d in futl, lire insurance in ~he ~s~al s~aiuiard pot~cy (orm, in a sum approved by Ihc MORiGAGEE, and windsto , ~ ~nsurance in ~ha usual ~tandard pot~cy form, in a sum approved by the MORTGAGEE, in iuch canpany or companics as the MURTGAGEE m direct; a'+d all fire and windetorm insurance policies on any o( sa~d bu~id~ngs, any interest ~herein or parf the.eol, in Ihe aggregate sum aforesaid in exceas ~he~eof, shail contain the usuat sta~xlard ma~gagee clause or such other clause ai the Mortgagee may requ~re, making the loss under sa~d po c~es, each and every, payable ~o said titORTGAGEE ai its interrst may appear, and each and every cuch poiicy shall kx promptl~ ass.gned and delivared ~ ~ any held by sa'~d MORiGAGEE as (urthe~ sec~rity to said mortgage debt, and, not less than ten (10) days in advance of Ihe expiralion of each polity, to d~ ~ I~ve? to said A10RTGAGEE a re~ewal thereof, together with a ~ece~pt for the premium of such renewal; and there shall be no f~re or windstorm insu?anc placed on a~y ot said build~ngs, any interesl there~~ w pa~t thereof, unless in the form and with the Ioss payabte as aforesaid; and in ~he event any sun of money becomes payable under s~ch policy or policies said MORTGAGEE shall have the option to recaive and apply the same on accounl of the indebted ~ n~~ss secured hereby w to permit said MORTGAGORS to receive and use it a any parf Ihereof for o:n~r put~oses, ~vithwt tharco~ warv~.~g or ~mpa~r ~~g any equ~ty, I~e~ w right under w by virtue of this mor'gaye; and in the event u~d MORTGAGORS shall fw any reawn fail to keep the said premisrs sa ~ u,su~ed, or fail Io deliver promptly any of said poGcies of insurance to said MORTGAGEE, w fail promptly to pay fully any premiu~n therefo~ or in a~y : respect tail to perform, dlscharge, execute, effect, complete, comply with and abide by ~h~s covenant, w any part hrreof, said MORTGAGEE may place a~~d ~ pai fw such insurance or any pa.t thzreof withdut waiving w afiecting any optior~, lien, equ~~y, or righs under a by virtue of fh~s Mwtgage, and the ~ t f::u amoum of each and every such paymem shall be imnxdiately due and payable and shall l~ear interest irom tha date thereof until paid at the rate of ~ n~ne per centum per annwn and to~e~her with such interest shali be secured by the lien of this mwtgage. y 1. To permi?, commit or su(fer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all ar+d singular the coats, charge~ and expenses, induding a reasonable ananey's fee and costs of abstrocts of title, incurred or paid at .~~~y time by sa~d MORTGAG:E, because w in the eve~t of the failure on ~he part of the said MORiGAGOR to duly, p~a~+ptly and fully per(wm, d~scharge. ~x~~cute, e4feu, canptete, comply with and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of said promissory note and ihis ,:ortgage any or ei~her, and sa~d costs, charges and eapenses, eath and every, shall be immediately due and payabte; whether w ~ot the~e be notice dr r,,,,nd, attempt to collect or suit pend~ng; and the fuN amouro of each and every such payment shall bear interest from the date thereof until paid at the r. re o~ nine per cent~m per a~~num; and all said costs, charges and expenses inturred w paid, together w.th such in~erest, shall be secured by 1F.e lien of lhis mortgage. 6. That (a) in the event of any breach of this Mo+tgage or defautt on the part of the MORTGAGOR, or (b) in the event any of satd s~ms of money hcrein reterrrd to be not pro~nptly and fully paid within Ihirty (30) days next after the same severally become due and payable, without demand o? notice, or (c) in thr event each and eve.y the stipulations, agreements, cond~r~ons a~d covenants o} sa~d prom~ssory note and th~s mortgage any w either are not i~!y, promptly and fully performed, diuharged, execuled, effected, completed, complied with and ab~ded `~y, then in either or any such event tM said a¢ ~r•~gate sum memioned in said promisswy note then remaining unpaid, with interest accrued, and :.II moneys secured hereby, shall betome due and pay- ev e forthw~~h, o~ thereafter, at the option of said MORTGAGEE, as fully and comple~ely as if all of the said svms of money were or~ginally st~pulated rv be pa~d on such day, anything i~ sa:d promiuory note or in this Mortgage to the co~trary notwithstanding; a~d thereupon w thereafte~ at the option of ;i MORTvAGEE, without notice w demand, suit at law w in equity, the~efore w thereafter begun, may be prosecuted as if all moneys secured hereby r.:ci matured pnw to ns institut~on_ 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, o~ to forectose it, w to reform it, or to enforce ;~yment of any claims hereunder, said MORTGAGEE shall ap~ly b the Court having jurisd~dion thereof for IF.e appointmeM of a Receiver, such Court shall tc~rhwith appoint a receiver of said mortgaged property all and singutar, includ~ng alt and singular the irtcome, proi~ts, issues and revenues from whateve? s: ~•ce darived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if spec~~ically set fwth and dewibed in the granting and ~ e:~dum ciauses hereoi, and suth Reteiver shal~ have all the broad and eflective fund~ons and powers in anywise eMrusted by a Court to a Reteiver, and s:h appo~ntment shalt be made by such Court as an admitted equity and a matter of absolute right to sa~d MORTGAGEE, and without reference to the y.,acy or inadequacy of fhe value of the property mortgaged or to the sotvency or ~nsolvency,of said MORTGAGOR a the defendants, and that such ,n pro{its, inco.ne, issues and revenues shalt be applied by such Receiver according to the Iien or equity oi said MORTGAGEE and the practite of such Cowt. 8. To duly, prompt(y and fully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, c~:~d~tions and covenams in sa:d promissory note and this mortgage set fwth_ 9. That in the eve~t the ownership of the mortgaged premises, or any part fhereof, becomes vested in a person other than the MORTGAGOR, the •.'~RTGAGEE, its successors and assigns, may, witheut notice to the MORTGAOR, deal with such successa w successor in interest with referente to this ~ o•+gage ar.d the d:bt hereby secured in the same manner as with Mortgagor without in any way vitiating a dixhargi~g the Mortgagors' liability herr .~der or upon ~he debt hereby secured. No sale of the premises hereby mortgaged and no fwbearante on the part of the MORTGAGEE or its-successors ~ C' a55~~Jn5 and no exrension of tne time fw the payment of the debt hereby secured give~ by the MORTGAGEE or its successors or auigns, atiall operate ro re~ease, d~scharg~, modify change or affect the original liabiiity of the MORTGAGOR herein, either in whole w in part. 10. 1~ is speuf7cally agreed that time is of the essence of this contract and tAat no waiver oi any obligat~on hereunder or of the obligation sr c.-ed hereby shal~ at any ~ime thereafter be held to be a waiver of the terms hereof o~ of the instrument secured herby_ 11. In ~dd.tfon to the forego ~~g rnonthly paym~nts of princ pal and interest required by the prom~ssory nore secured hereby, mortgagor covenaMs ~ ci agrees to pay to mortgagee v.ith each mo~rhiy payrnent an addi~ional sum est~mated by mortgagee to be equal to 1 j 12 of the annuat cost of the follow- A-AII real property taan levied or assessed agai~st thc above desaibed real estate. 6-Pr~rr.~u•ns on fire and v~i~dstorm insurar.ce as here~n fequ:red to ba car~ied on the Emproveme~ts situate on the above described premises. C-Premiurns o~ svch mortgage guaranry ir.surance as mortgagee shail from t~me to time deem fit to carry on ihe loan secured hereby. 1Aortg;gee shal! .'rom time to t~me notify mortgagor ~r. writing of the amount due and payabte hereundrr and such sum shall thereupon be dve and ` ,~ble on thr d~e date of the next month!y payment and each successive month thereaft:r until mortgagee shall notify mortgagor of a change in such f ~ '~,,nt. Such sums s6a:1 be app!ied by mortgagee toward the payment of real property taaes, insurante prem:ums, and mortgage guaranty insurance ~ mium5. ~ IN Y~ITDJE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwewid. igned, Seai and de~iv in f presence of: ~ G .tw? ~PLL ~~J ($ean ohn F. Beutler ~ (SeaO Mary Beutler ~~ATE OF FIORIDA ~ . St. Lucie ~ ~ 7uNTY Of Befwe me personally appeared J~~ r' • Beutler and Mary P. Beutler his wife, to me well known and known to me to be ~ha individuats described in and who executed the foregoing instrument, and atknowledged befwe me that they executed the same fw the pu~poses ~ !~.~,rein exp~essed. And the said Ma?ry P• BeutleI E :::Fe of the sa~d JO~ll1 F. Beutler vpon a separafe and pr"rvate ~ c*am~nat~on by me taken saparate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and vol~o- t ~>•+:y and w~thout any compulsion, constraint, apprehejns~on~fear of or from her said husband. i WITNESS my hand and official seal th:s 'Y S day of Au uSt A. D. 19 72 ~ Notary Pub ' in and for the tate of f ida at lat e~ ~ ~y c~„ ~XPu~: ~iy ~ 9~ s Return To: ~ F~rst Federal Savings ~ ~oan Associatron ~ ' iVOTARY PUS~.1C STATE OF FLORIDA AT LARQt 9 Of fort P~e:ce. , MY CO~i1~111SS10N EXPIRES AUCa. 6. 197~ ~ Fort v~e~ce, F~o~~da . GENERAL INSURANCE UNDERWRITER,4~ INCw ~ ~ ~ 236299 : ' ~ . FILEO AHO RECORp This Instrument Prepared By. John W. CS.tllirls . : s~• LUCIE COUMYr i~~. First Federal Savings & Loan Association = aOCE^: PO~TRA6 Florida 33450 ~_;X,.~.~_. RE ~Rp yEnir EO ~~URT of Fort Pierce ~ . . - v _ Checked By~- , ' • ~j ~8 ZZ I H ~T 1 • t ~3 , _ . ~-1r~ j/t/ ~ 800K~5 PAGE1pz5 ~ ( lh) ~ . _ a~e~`~.~Si-s"`~,4,~s..a ,:a.. _t_ . . ~~s~.F`-,~c~-~