The URL can be used to link to this page

Home My WebLink About1264 3. To ptace and continuously keep on the bui'd~ngs now o~ hereafter situate on sald land and on alt equipment and personally covered by this ma ege, w~th all prem+~:ni thcreon pa:d in fuil, f~re insurance in the vsual standard poi~~y form, in a ium aHproved by ~he MOR~GAGEE, and windsto ~~~sura~ce in the usual sfandard pohcy iorm, in a swn spprovad by the MORTGAGEf, ~vch company or comy~anies as the MORTGAGEE m d,rrct; and all iire and w~nduorm inwrance policies on any of said build~ngs, any interest there~n ~r pa~t thereof, in Ihe aggregate sum aforesaid in extzss ther~of, shall contoin the usual standard mor~gagee tlause w such other ciause as the Morigagee may requ~re, making the iois unde? sa,d po c~es, each and every, pay~b!e fo said h10RIGAGFE as its intetest may appea?, and eacA and every such po6ty shall be promplly ass gned and de~ivered ~ en~ h~ld 6y s~~d MORiGAGEE as fur~her secwity lo said mortgage debt, and, not lefs than len (10) days in advance o~ the expiration oi each poGty, to d l~~e~ to sdtd 1AORTGIIGEE a renewal thereof, ~ogeiher with a rece~µt for the premium o( such renewal; and there shall be ~o f~re or wmdsiorm insuronc piaced on any ot said build~ngs, any interest therein or pa~t thereot, unless in the form and with Ihe loss payable as aforesaid; a~d in the event any sun of mo~ey becomes payabte under such politY a pa~~~~es said MORTGAGEE ahall have ~he opt~on to rece~ve and app!y rhe sa~ne on accovnt of the indabted ~r_~ss secur~d hereby o~ ?o perm;r sa;d MORTGAGORS ro receive and use it w any part the:eof for o:ii~•r µur~•os~~s, v~~~ho~t ~h~•. oi ~v.:~.1.~3 or ~~~~p„ir ~ny any equ+ry, I~en w right under or by vir~ue of this mo:tgage; a~d i~ the event sa~d MORTGAGORS shall ;or any reason fail to keep ~he said premisrs :o ~nsured, or fail to deiiver pro-nptiy any o/ said potit]es of insurafxe to said MORTGAGEE, or fai! o:omptly lo pay fully any prem~um theretor or in a~y respec~ fail ro perfo.m, d~scharge, execu+e, effect, completa, comply with and ab~de by th~s covenant, or any pa~t hareof, sald MORTGAGEE may pface a~~d p.~y for such insur.~nce or any part lhereof withoul waiving w affecting any option, fien, equity, or right under o~ by virtue of this Mo~tgage, and the f~ll amaunt o! each and e.ery such paymen~ shall be immed~ately due and payablc and shall bear interest from the date thercof until paid at the rate of ~~~~e per centum per annum and toge~hrr with such intzrest shali k~ secured by the lien Of this mortgage. d. To permit, commit or sufie? no waste, impairrr~nt w deterioration of said property or any part thereof. 5. To pay all and sirgular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of tit!e, incurred or paid at sny tl,,:e by sa~d MORIGAG.E, because a in the evenf of the failure on the par~ of ~he said MORiGAGOR to duly, promptly and futty perform, d~scharge. ; xecure, efiect, canple~e, comply wdh and ab:de by each and every the stipv~ahons, agreements, conditions, and covenan~s of said prom~ssory note and this „orrgage any or e~rher, and sa~d costs, charges and expenses, each and every, shali be immediately due and payable; whe~her w not there be not~ce de r.wnd, attemp~ to collect or suit pend~ng; and the lull amount of each and eyery wch paymeM shall bear interest (rom the date thereof umil paid at ~he r.:fe o~ nine ~r c~ntum pvr oi~nu:n; and alI said custs, charges and expenses incurred or paid, togethe~ wnh such in~erest, ahall be secured by the ~ien of this mortgage. 6. That (a) in the event of any breach o( th~s Mwtgage or default on ihe part of the MORTGAGOR, or (b) in the evenf any of satd sums of money hrrein ~eferred to be not promptly and fu11y paid within thuty (30) days next aiter the same severatty become due and payable, wi?hout demand or notice, or in the event eath and every the stiputations, agreements, cond~tions and covenants of sa,d promissory note and th~s mortgaga any or either are no1 iu;y, promp~ly and fully performed, d:scharged, executed, effected, completed, compi~ed wieh and ab~ded 5y, then in ei~her or any such event the sa~d ag• 3~~~gate sum memioned in sa~d prornissory note then remaining ~npaid, with inte.est accrued, and atl moneys setvred hereby, shall betome due a~d pay ao:~~ forthwith, or thereafter, at ~he oprion of said MORTGAGEE, as fully and comp!etely as if all of t1,N said sums of money were or~ginally s~~putated ro be pa:d on such dty. any~hing in sa,d promisswy note or in this Mortgage ~o the co~trary notwithstand~ng; and thereupon or ?hereaiter at the option of s+:f MORTGAGEE, w~thout not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby r._d nzat~red pnor to ds i~stituhon. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortqage, w to foreclose it, or to ~eform it, or to enforce ;~;.~»en! oi any ciaims hereunder, said MORTGAGEE shall apply to the Cour~ having ju~isd;c~ion thereof for the appolntment of a Reteiver, such Court shall r~ rhwith appoint a recei.er of said mortgaged property all and singular, i~cl~d~ng all and singular the income, proilts, ~ssues a~d reve~ues from whatever s: ,•ce derived, each and every of wh~ch, it being expressly undersrood, is F.ereby mongaged as if specifically set forth and described in the gran~ing and ; endum uauses hereof, and such Rc~eiver shalt have all the broad and effective funct~ons and powers in anywise eM~usted;by a Court to a Receiver, and ~ s_ ;h appointme~~t shalt bc made by such C~urt as an admitted equity and a matter of absofute right to said MORTGAGEf, and wirhevt refe~ence to the >.~~q~acy or inadequacy of the va:ue of the property mortgaged or to the so~vency or insoivency of said MORLGAGOR a 1he defe~xlants, and ~hat such f ~+s, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and Ihe practice of such ~ CourL ~ 8. To du!y, promptly and fully perform, discharge, exec~te, effect, complete, comply with and abide by eath and every the stipufations, agreements, :;;ditions ar.d covenams in sa~d promissory note aad this mortgage set forth. 9. 7hat in the event thc ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'JRTGAGfE. its si~:cessars and assigns, may, without norice to the MORiGl+OR, deal with such successor a successor in imerest with re(erence to this ~ o•~gage and ihe debt hereby secured in the same manner as with Mortgagor without in any way vitiating w diuharging the Nbngagors' liability here- Jer or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the parr oi the MORIGAGEE o? its sutcessors c= ass~gns an~ no eztens~on of the time for the payment of the debt hereby secured 9iven by the MORTGAGEE or its svccessws or assigns, slwl) operate io re~ease, d~scharge, modiiy change or affect the original Iiab~Gty of the AM1ORTGAGOR herein, either in whole or in part. ; 10. It is specificaily ag~eed lhat time is of the essence of lhis co~tract and that no waiver of any obligation hereunder or of the obligation se- x c:,.ed he~rby sha:i ai any time thereafter be held to be a waiver of the terms hereof or of the instrumeN secured herby. 1 i. In aud.~io~ to rhe forego'ng monthly payments of princ'pal and interest reguired by the promiswry note secured hrreby, mortgagar covenants ~ agr~es to pay to mortgagee v~ith each momhiy pay~aent an add~ional sum estin;ated by mortgagee to be equal to 1; 12 of tha annual cost of the foNow- A-All ~eaf property raxes lei~e~ or assessed agai•ist th~ above described real estate. 6-Pr: ~.~u•ns o~ f~.e and windsro:m insurar.ce as herein requ~red to be carried on the ~m~rovemems s~tuate on the above d~scribed premises. C-Premi~rns o? such mortgage guaranty insvrar~ce as morfgagee shall from ume to time deem fit to carry on the !oan secured hereby. rAortga~ee s~a~i .'~om t~n,e to time noriiy mcrtgagor in writ~ng of the amou~t due and payable hereundar and such surn shall ~hereupon be due and nble on th,; d,~e a~re oi the next month:y payment and each successive month thereaft~r u~,til mortgagee sha!1 notify mortgagor of a change in such :ont. Suth w:ns sFa:i !;e appiied by mortgag?e toward the payment of real property taaes, insurance prem:ums, and mortgage guaranty insurance c~niums. IN \'11TNESS ::'HER~OF, the said MORiGAGOR has nereunto set his hand and seai the day and year first a(oresaid. • S~gned, Sealed deliver in the presence of: - i - - ~ $f8~~ - -~„~r - : ~.u ~ (Sesq " ~ tSeal) i - (SeaD i:,TE OF FLORIDA ~ S5. i ~ ~UtdTY OF St _uC1E' ~ { Before me personally appeared Harol@ F. BY'OWTI and 'i DQaC1I'10 C. Brown his wife, to me well known and known to me to be r'.-: ind~~Wuafs descr~bed in and who executed the foregaing instrummt, and acknowledged befwe me that fhey executed the same for the purposes r~~rein expressed. And the aaid Deanna C. Brown ~ ;c of !he sa~d Harold F. BLOWII upon a separatg end pfhrate , _•~~n~nat~on by me taken separate and apart from her said husband, atknowledged to and before me that she executed said instrurriewt'fr~ely ~nd vOlvo- el =••:y and w~tho~t any compufsion, constraint, apprehension,~ pr fear of or from her said husbartd. ' ~ 5 .~.h . • r WtiNESS my hand and oflic~al seal thiL day of ept b r p 19 y?:_ ~ _ - . : ' otary PubGc in nd for the State~ oj'F ' a d1 l~ .J _ e My Comm~ssion expires~' ~ ~ ~:~T~. ; ~ f ~ ; _ Return io: • ~ : 7,•` ~y - • , First Federal Savings b Loan Associa.ion Of ~ort P er[e. ' For} Pi~rce. Florida i FILED AND RECORpE~ 8T. LUCIE COUNtY ftA. ClE KCC RCUIT C~OYRY ~ This Instrument Prepared By John W. Collins aECORD VER~FIEO~ First Federa( Savings & loan Association ~'a ~ S` of Fort Pierce ~ Florida 0 Checked ey _7~-___ 2~183 s;;,,K " ~ ~'06 i~~E1~61 'S ; - _ - - - - - - ~ +Y-.< ~ E. _ . ~ _ ' ' vd~