The URL can be used to link to this page

Home My WebLink About0243 3. To p:ace and conrinvc~sly keep on the bui'dings now or hereaiter situate on sa~d land and on al( eq~ipment and prnonally :ove~ed by lhis mor e9e, wnh all pre:~;~cros thareoo pa'd in (ull, lire insurance in the us~al srandard poti:y fcrm, in a swn appro~ed by Ihe MOR~uAGEE, a~~d w~ndsto ~~~:ur~ncr in ~ha ~s~al iranda~d pol.cy form, in a wm app~oved by ihe h10RTGAGEE, in such company or co~npan~es os the 1,10RiGAGEE m d,r~~ct; and a? fire ar.d w~ndstorm insurance polic~es on any of sa~d 'ou]id~ngs, any iNerest therein or part thereof, in the aggregare sum aforesaio ~n excess ~hereof, shall :onr.;in the usual sta~~dard mortgegee clause or wch o~her dause as the h~ortgagee may reqwre, making the ioss undrr sa~d po cc•s, eac!~ and every, payab'e to said h10RTGAGEE as ~ts in~arest may appear, and each and every such po~.cy shail be promptly ass g~~ed and de~ivared ~ an~ held by s~~d i~10RfGAGEE as (urther security to said neortgage debl, and, ~ot leas than ten (10) days in ad+ance of the eapirat~o~ oi each poGcy, to d. ~..~r to sa;d S10RiGl1GEE a renewal thereof, toge~her with a receipt for the premium of svch rene+val; and thcre shall be no fire or windsto~m insuranc E~~xed on an~• of said b~ild~ngs, any iroeres? there~n or part thereof, unless in the form and with the loss payable as afo~esaid; a-~d in the eveM any wn ~f money beco~~~es poyabie ~ndrr such policy or policies said MORTGAGEE shall have the option to rece~ve and appty thc same on account of the indebsrd _ss sacured hereby or to permii seid MORTGAGORS lo receive and use it Or any part th?:eoi ior orir~r pur~•;,sc•s, ~~~tho~! Ih~nu~ w~i+~ u~~p~~i 'r.g any equuy, Len or ?iyht undm or by virwe of this mor'gage; and in Ihe event sa,d MORTGAGORS sha!I :or any reason fail to kcep the said prem~ses so nsurcd, or fail to delivc~ promptly any of said polities of insurance to said MORTGAGEE, or faf promptly to pay fuily any premi~m thcre}or or in anY .e>pect iaif to perform, dr,tharge, eaecute, eifecl, tompfetr, comply with and ab~de by this tovenant, or any part hare~f, said MGRiGAGfE may place a~ro for wch insurance or any part thereof without waiving or afFecting any option, lien, equ~ty, or ri~ht under or b~r virtue of this Mortqage, and the +:,:I amount of each and e.ery suc~ paymant shall be immediafely due and pa/able and shall bear interest from tha date thereof until p~id at the rate ot ~e per centum pe~ annu~n and toguther with such int~rost shall be secured by the lien Of 1h~3 mortgage. A. To permit, commit or suffcr no waste, impairment or deterioration of s~id property o? any part Ihereof. , 5. To pay alI anJ singutar the costs, charges and expe~ises, inciuding a reasonable attorney's fee and costs of abstracts of titte, i~curred o• paid at ~ ti~rTby-zaid ARE3RTvAGEF-because-oc-~a-the-esrent _of the fa~lure on the part of ihe said MORTGAGOR 1o duly, prompNy and fulty perform, d~uharge. wt~~, rffeU, tomp;ete, comply w~th and ab:de by each and every the stipulations, agreements, cond~tions, and covenants of said prornissory note and this ..;rfgage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immrdiately due and payable; whether oi not there be no+~ce d~ .~•:d, atten:pt to co:led or suit pend~ng; and the full amount of each and every such payment shall bear im<rest from the date thereof until paid at the c' n~~ie pe. cc•ntu~n ~~~~r annu:n; and alf said costs, char~es and expenses incurred w paid, together w~th such interest, shall be secured by the lien of this ~ -~crtgage. 6. That (a? in the event of any breach of this Mortgage or default on tFw part of the A10RTGAGOR, or (b) in the event any o( sa:d sums of money .~rein refer~ed to be not promptfy and fully paid withi~ thirty i30) days next a~t~r the same seve.afly become due and payable, without demand or notice, ~,q in thr evem each and every fhe stipu:etions, agreements, cond~tions and covenants of sa:d p~omissory note and th~s mortgage any or either are no1 ''::y, promptly and fully performed, d~scharged, executed, effec!ed, completed, compGed with and ab~ded 5y, then in e:thec a any such event Ihe wid ag r.yate sum mentioned in said promissory note then remaining unpa~d, with interest acuued, and atl moneys secured hereby, shall betome due and pay forthw~;h, or thereafter, at the oprion ot said MORiGAGEE, as fu~ty and completety as if alt of the said sums of money were or:ginally snpulated .>a p~:d on such dcy, anyihing in sa.d prom~ssory note or in this Mortgage to ~he comra~y na v~~hs~and+ng; and thereupon or thereafter at the opt~on of f R',ORTGAGEE, w~rho~t ~once or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby ,f n~at~red pnor to As institution. 7. Th;t in the event Ihat at the beginn~ng of or at any time pending any suit upon this Akortgage, or to foreclose it, or to reform it, or to enforce .~.~,ent of any ci~~ms he~eunde?, said MORiGAGEE shali apply to the Cour~ having ~u~isd:ctlon thcreof ior the appo~ntmero of a Receiver, such Courl shall rt„nirh appo~nt a rece~ver of said mortgaged property all and singular, inctud~ng ait and singu~ar the irtcome, profits, iss~es and revenues from whatever ~-~ce der~ved, each and every of wh~ch, it being express~y understood, is hereby morigaged as ii spec~ficaily set forth and described in the granting and ~`:;:~~JT c'auses hereof, and such Receiver shatl have all the brcad and effecrive funa,ons and powers in anywise entrusted by a Court to a Receiver, and appointment shail be made by such Court as an admitted equity and a matter of absol~te right to said MORTGAGEE, and wifhout ~eference to the ~~,cy cr in3dequacy ot the val~e of the property mortgaged or to the so~vency or insolvertcy of sa~d MORTGAGOR or the defendants, and that such •s. ~,rof:n, inco.ne, issues ancf revenues shall be appiied by such Receiver accord~ng to the tien or equity ot said MORTGAGEE and the practice of such ~JUfT. 8. 7o d~'y, prompt:y and ful~y perform, dis:harge, exec~te, eifect, complete, comply with and abide by each and every the stipu(ations, agreements, d;r~ons and covenants in said promis:ory note and this mortgage set forth. 9. That in the event ihe ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :^P,TGAG:E, its successors and assigns, may, without notice to the MORiGAOR, deal with such successo~ or successw in interest with reference to lhis ~~-~~ge a~:d rhe d~-ut hereby sewred in the same manner as with Mortgagor w~thout in any way vit~ating or dixharging the Mortgagors' liability here f_~ ur upon the dcbt hereby secured. No sale of the premises hereby mo~igaged and no forbearance o~ the part of the NIORTGAGEE or its successors s:vg~~s ar,d ~o exrenson of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, a~wll operate ~ re~eose, d~scharge, modify change or affect the or:ginal liab~llty of the MORTGAGOR herein, either in whole w in pa~t iG. It ;s speuf~cally aoreed ~har time is of the essence of this contract and that no viaiver of any obl~gat~on hereunder or of the oblgation se- ,.:r•;d hereby shal~ at any time thereafter be held to be a waiver of the tetms hereof or of the instrument setured herby. 7 1. In aci;l,f;e~ to the forego'ng month'y paym~nts of princ pal and interest ~equ~red by the prom~sscry no!e sewred hereby, mortgagor tovenants ~:~g~•_es to pay to mortgagee v:ith each momhiy payrnent an add~~ional sum estfmated by mortgagee to be equal to 1; 12 of the ann~al cost of the lollow- E i A-Ail rea! propcrr~ tax~s levied or assessed against th~ above descri5ed real estate. 6 Fr~n::~ms o~ f~re and windstorm insuracce as herein requ~red to be carried on the improvements situate on the aoove d:scribed premises. ~-Pre~n~~ms on svch morr~:;ge guaranty ir.surar,ce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. ~ t ' ?.1or:g,yee sh,ll 'rom tlme to t~me notify mortgagor in wrlting of the amount due and payabte hereunder and such sum shall therevpon be due and IF '~:e on th_ c?~s- d.~'e of ~he next month:r payment and each successive momh thereaft^r ur.til mertqagee shal! notify mortgagor of a thange in such . ~ ~nt. Such s~~~:s st a:I f:e app'ied by mortgagee toward the payment of real property taxes, insurante prem;ums, aud mortgage guaraMy insurante ' ` t ~ . • ^~iums. ; IN Y~iTPlESS :.'HER~Of, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first afores id. ~ Sioned. aled a ael"vered ' th~ p esence of: ~ ~ - l ~ a~~ € _ ~ 6t R . Dr (Sea1) ~ (Seal) ~ - vel L DreN eseaq " : i E OF FLORIDA ~ $t • L.UC ].@ ~ ;U'JTY Of - I Before me personatly appeared Kenneth R. DreN ~ ' Evelyn L. Drew his wife, to me well known and I~R~~tp Qje•'1l~ ind~viduais descr~bed in and who executed the foregoing instrument, and acknowledged before me that they executed the saMi. the puf~ Evel n L. Drew ~ ` ~ ~ m expressed. And t he sai d y • ! ~ Kenneth R Dre~v ` v ~ ~ . e of the said _ • vpo0's;sep~ljte ~d vaf= ~ •.~-n~narlon by me taken separate and apait from her said husband, ackrwwledged to and befwe me that she exetuted said instrum~n~. ~!le1y~~~1 h1rr= i; A ~ and vr~thout any compuision, constraint, apprehens~on, or fear of or from her said husband. B n.`J~_ : WITYESS my hand and offi6al seal this- - day of Ai1~uSt "+~:r,yC p:.:1!"'-~{ ~ . ~'2~~"'~~ . t'r.:'••.,••~. . ~ .A, _,~ti . ~ ~ otary Public in and for the State of F{oride at lsrge My Commission expires: ; ~ Return To: s ~ i:rst Federal Savings b l'uan Association • ~ - - ' ~ _ '3 Of ~o-t P~-ce. MY CC. '~;i, .,.._Si, ~ 9. 1974 t ~ tiUi~luEu iM60UtiH FSED W. DIESiELhORST ~ fo!t Pier~e. Flcrid~ ~ ~ fILED Ayu ~E~"'~DEO ; S~. LUC1L ~~t:„QAS ~A ( Th~s Instrument Prepared By : Joh[t W. COllifls R~'L ;OURt , CtEK~ ' _ First Federal Savings 8~ Loan Association ,,..n ...r : of Fort Pierce Rlorida 33450 R~~. ~ ~ Ch~cked By SEP 4g Y~'~ ~ guoK~~ rac~ 23'7446 ~ , ( lh) _ - - - . - ~ ~ - - - ~~r._~__ _