The URL can be used to link to this page

Home My WebLink About1691 3. To place and cont;nuoust~ keep on the bui!d~ngs now or heieafter ~ituate on sa~d !and and on ali equ~p~nent and per~onaliy cove~ed by thii mw ege, w.~h all pran~:u~~~s thrrecn pid in futl, fire insurance in the usual standard po(icy fo~m, in a sum approved by the MOk~GAGff, and wmdsro ~nsurancr in the usual sranda.d pol.cy foim, in a wm approved by the MORTGAGEE, in such co~npany or companies as the MORiGAGEE m duect; and afl ii~e and wlndstorm insurance polic~es on any of said b~ild~ngs, any interesl therein o? pa~t th_reof, io 1he aggregat2 sum aforesaid in eacess ~hereof, shall ;oM~in the usual standa~d morrg3gee clause or s~ch o~he? dause as the Mortgagee may requ~re, making the loss undr~ aa~d po c~es, each and every, payab!e to said A1pRiGAGEE as ~ts interest may appear, and eath and every such pol~c~ shall be promptly assgnad and delevered ~ any held by sa~d htORiGAGEE as fur~her secvrity to said mo~tgage debt, and, not tess than ~en (t0) days in ad~~nce o( the exp~rat~on oi each po6cy, ~o d~ l,ve~ ~o sa;d ti10RTGAGEf a~enewal Ihereof, together witb a receipt iot the premium oi such renewal; and there shall be no i~re m windsto~m insuranc p?eced on any of sa~d bu~!d~ngs, any interest thereio o~ part thereof, ~nless in the (orm and wifh the {css payable as aforesaid; and in the event any sun 01 money brco:nes payable ~nde~ such policy or policies sa;d MORTGAGEE shall have ehe opt~oo to rece~vr and apply the same on account of Ihe indebted ~~_•ss sec~red her~by or to permit said MORiGAGORS to receive and use it M any parl the:eof for o:i,~.~r pur; oses, .v;~n~,,:t th_.. ur .v::iv~,g or uupan ~~g any eq~~ty, lien or r~ghl under or by virtue of this mo:'gage; and in the eve~t sa~d MORTGAGORS shaN for any reason fai! !o keep the sa~d premises so ~~~sured, or }aii to deGver promptly any of said po6cies of insurance to sa~d MORTGAG'_E, or f~~: promptiy to pay fully any prendum there~or or in any re.pecf iait to perform, d~scharge, exetute, effect, completa, co:nply wilh and abida by this cove~ant, or any part hareof, s~id MGRTGAGEE may p~ate a~*d ~:ay rur such insur•~ncr or any part the:eof w~thout waiving or affecting any op~ion, lien, equ~ty, or r~ght under or by virtue of this 6lafgage, and the t„1~ a~nounr of each and every such payment shalt be immediately due and payable a~d shall bear interest from the date thereof until pa~d ai the rate of ~~~e per ce~xum per annu:~ ~nd to~ethrr with such inter~st shaii be satured by fhe lien of fhis mortgage. d. To pe~mit, commit or suffer no waste, impairment or deverio~arion of sald property or any part thereof. 5. To pay aIl and singular the costs, chargea and expenses, including a reasonable atto~ney's fee and costs of abstracts of title, incurred or paid at +~~~:c by said MORTGAG:E, because or in the event of the ia~lure o~ the pa~t of the said MORTGAGOR to duty, promptiy and fu11y perform, d~scharqe, K~ cute, effea, complete, compty wnh and ab:de by each aod Nvery the stipulanons, agrer,~~ents, tondi~ions, and covenants oi said pro:nissory note and this ,..~rtgage any or e~~her, and sa:d costs, charges and expenses, each and every, shall be immed~atety due and payable; whether w not there be ~o~ice de ~~,d, a~reu,pt to co:iect or suit pend~ng; and the f~ll amount of each and e~ery such payment s~aU bear interest from the date thereof un~i~ paid a! ?he o~ ~,,,ie pe~ c..-n:um prr annuai; and all said custs, charges and expensea incurred w paid, together w.th such interest, shall be setured by the Gen of this ~nortgage. 6. That ja} in the event of any breach of this Mortgage o~ defaul? on 1F~ part of the MORTGAGOR, or (b) in the event any of sa:d sums of money he•ein referred ro be ~sor pro,T~pHy and fully pai.~ wi~hin th~rly (30) days next aiter the sanie severafty beco~»e due and payable, wiihou~ demand or notite, or (c) in thr event each and every the stiputations, agreements, conditions and covenants of sa;d p~omissory note and fh~s mortgage any q eithe~ are not i~ly, promptly and fut~y performed, d~schargrd, executed, effected, completed, complied wirh and ablded Sy, then in either w any such event the ia~d ag ~~~~aate sum ment,oned in sa;d promi:sory note then remaining unpaid, with intere;t accrued, and all moneys secured hereby, shall betome due and pay e for~hwi~h, o. rh.~rea4~er, at the opt~on of said MORTGAGEE, as fully ar+d comptefe~y as if all of thr said sums of mo~ey were w~g~na~ly sr~putated .o be pa:d oa svch d,;y, anyfhing in sa.d promissory note or in lhis Mortgage to the tont~ary notwithstandh~g; and there~pon ot thereafter al the opnon of d 610RTGAGEE, w~thout r.or~ce or de~r.and, suit at law or in equity, therefore or thereaf~er begun, may be prosecuted as if all moneys secured hereby c d rnatured pr~or ro rts mit~t~tron. 7. That in the event that at the beginn~ng of or a1 any fime perxi~ng any suit upon this M.ortgage, o~ to foreclose it, or to refw.m it, o? ta enforce ;.~.~nent of any claims hereunde?, said MORTGAGEE shall apply to the Cou~t having jur~sd:u~on thereof for the appomtment of a Receiver, Such Court shall r, chv,ith apF:o~nt a recei~er of said mortgaged property atl and singufar, inctud~ng ail and sinqu7ar the irt~ome, profds, issves and reven~es from whatever > rce de+ived. eech and every of wh:ch, it being expressly understood, is hereby mortgaged as if spec;(ically set forth and described in the granting a~d ~::endum ua„ses hercof, and such Receiver shaH have aIl the broad and effec~ive funa.ons and powers in anyw~se entrusted by a Court to a Receiver, and _ ~ 3pF.oin:rnor.t sha~t be made by svch Cour! as an admitted equify and a matter of abso~ute r+gM to said MORTGAGEE, and without reference to the :.y.,.,cy ur inadeqvacy of the value oi the property mort~aged or io the so:vency or insolvency oi said MORiGAGt~R or the defendants, and that such • rs proi~ts, inco.ne, issues and reve~ues shail be applied by wth Receiver accordmg to the lien or equity ot w;d MORIGAGEE and the practice of such C~urL 8. To du:y,-prompt:y and fully perform, d~scha~ge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, c: ~d~ric~s a~d covenants m sa~d promissory note and this mortgage se1 forth. 9. ihat in the event fhe ownenhip of the mortgaged premises, or any part thereof, 6ecomes vested in a person other fhan the MORTGAGOR, the '.'~RTGAGEE, its successers and ass~gns, may, wiihout nofice to the P~ORTGAOR, deal with such successor or successor in interest with reference to this ~•!gage ar.d :he d•_ut hereby secured in the same manner as with Morfgagor w~thout in any way vit~ating or d~scharging the Mortgagori' tiabitity here~ :ic•r cr upun fhe d~bt hereby secured. No sale of the premises hereby mortgaged ar.d no fo~bearance on the part of the 1dORTGAGEE or iTS successori .:svgns ard no extension of the hme tor the paymem of the debt he.eby secured given by the MORTGAGEE or its suttessors or ass~gns, a~iall operate ~o re~eose, d:scharge, mod~fy change or aHect the orig;nal liab;tity of the MORTGAGOR herein, eitl~er in whole w in part. 1Q. It is speufica!!y agreed rhat lime is of the esse~ce of this contract and that no waiver oi any obligat~on hereunder or of the obligation se- c. red hereby sha!i at any tirt,~ thereatter be held to be a waiver of the terms hereof or of the instrumem secured herby. 1 l. In ~;;id t:o.: eo the iorego'ng enonih!y paym~ms of princ pal and imerest requ~red by the prom'sscry nore secured he~eby, mortgagor eo~enants ~_i aarces ro p,,~ ro n:o-tya3ee v~i~h zach monrhiy payr,~ent an add~rional sum esr~n:ared by mortgagee ~o be egual to 1, 12 oi the annual cost of the follow- A- rcat prop^rty taxas Icv~ed or assessed agair,st the above described real estate. 6 Fr::, ,~s on fire and wir.dstorm insorar.ce as herein rcqu;red to be carried cn the ~mprovemeats s;tuate on thc abovc d~saibed premises. C-Pra~~.wr s c, >~ch mo~t~age g~aranty ir.sura~.ce as mortgagee shall irorr. Gme ro r~me deem }it to carry on fhe loan secured hereby. :.;or23a~ee s~3'~.I '.ro~n i~~„e to t~:ne na.ify mortgagor in writing of ~he amou~t due and payable hereundar and such su:n sha11 thereupon be due and b!e on th~ c4~~ c: re o* the nexr n;onth:y payment and each successive month thereaft~r untii mcrtgagee shall notify mortgagor of a change in such Such su~~s sF~.i ~•e app'.ied by mortgagee tov~ard the paymenf of reat property ta~ees, insurante prem:ums, a~d mortgage guatanty insurance . xi~m5. IV `.'tITNE~S ::H~RtOf, the said MORTGAGCR has hereu~to set his hand and seal the day and year first aforesaid. ' $~gned, SQate nd d rv red ja-Me presence ot: ~ ~sea~> - ~ Ed A Cheste ~~,i~ (Seal) Inez hester !~,i~ ='r;TE Of RORIDA _ _'%~tJTY OF ~ St • LL1C1Q ~ ~ 1 Before me personally appeared Edd A. Chester e~ ' _ I[iQ2 Chester his wife, to me welt known and known to me to be individua:s descr~bed in and who executed the foregoing instrument, and acknowledged before me that they ezecuted the same for the purposes , r~^~ein expressed. Ana the said Inez Chester ~e of the Sa:d Eaa A. Chester upon s separate and privste ~•~•n~nat~on by me taken separate and apart from her said husband, acknow(edged to and be~ore me that she ezecuted said instrument freely artd voium y and w~thout any co~~puision, constraint, apprehens;on, or r of w irom her said husband. LYI7NES5 my hand and offfc;al seal th~s_ day of Au uSt q. D. 19_~ Notary P t in and for the ate of Florida at large Return To: My Com ssion expiresr ~.~tc.~- 6/ / 9 7J First Federal Sa~7ngs d. loan Associat~on ~jq~ ~F fLOR1DA AT 1 ARGE ~ oj Forr P <:rca. - ~~•••••"i~ ' ~A(31 P.:4LtC i 6, 1975 Fu~r P::~ce. Ft~~sda ~~~'Ji~'~A~COR"••••iSIOPi EY°~"~S AUG.~TERS~ INC. i - ~ '~r ' ERAL INSURI?NCE UNDERNI . „ . ~ :r e ~~'N ~ ~ ` e' f Y ~ ~ f1 r 23 480 ~ - ~J • : c~!; . . iT. g~ Q~C Q ~~i This Instrument Prepared By : Kenneth G. Rol'tz i~~,: ; G~~ ~01 ~ First Federal Savings & Loan Association - _~y: QlE K ~Ia~ It 0011AT . J `1 RlCORD V~Rtf1~t1.,,..r....,. of Fort Pierce , Florida 33450 << ~ Scr tl 2 s4 PM'~Z Checked By ~ • ' ,~~''•.,,~~~~S~..~~••~~~-.+"~.4?-r- _ , • - ;7~ ~.L~' rt E ~O~ PACr 1~J0 BUC~K ~ ~ lh1 _ - - - - ~ ~