The URL can be used to link to this page

Home My WebLink About0913 3. To place and continuousty keep on the t~i:dings now or Aeraafter ~ifuate on said land and on ali equip,nent and personally covered by thii mor ege, with all premi~ins iherion p~:d in lutl, fire insuranca in ihe usual sta~~ard policy fotm, in a svm a{.proved by iha MOR~IaAGEE, a~~d windsto insurance in the usual s~andard po:.cy fcrm, in a sum appro~ed by the MORTGAGEE, in such to+npany or companies as the h10RTGAGEE m diretr; and all fi~e and w~ndstorm insurdnce policies on any of said build~ngs, any interest ther~in o~ pa.~ thcreof, in the aggregatc sum aforesaid +n excess ~hereaf, shall :onta~n ~he usuzl sta~:dard mor~gagee clau:e or such other cla.,se as the f~RutTyoy;:~ :^3y req~~re, mak~ng thr toss unde~ s.~~d po des, eath and eve~y, payab!e to said ~tORTGAGEE as its in~arest may appeat, anci each and every such po!~cy ihail be promptly ass gntd and delivarrd : any held by satd h10RiGAGEE as {urther sewrity to sald mortgage debt, and, not lesa than len (10) days in ad+ance of the expiral~on of each po;icy, io d~ Gver to sa~d MORiGAGEE a renewal thereof, together with a reteipt (or the premium oi~suth renewat; and the~e shalt be no f~re or windstonn insuranc placed on any of sa;d bu~!dngs, any imeresl Iherein o~ part the~eof, unless in the iorm and with ~he loss payat~'e as aforesaid; and in the ev~rt z~:y of money becomes payab:e undrr wch policy or policies said MORTGAGEE shall have the opt~on to rec~~ye and apN!y the same on account of the i~~drbr~d neas secured hereby or ~o perm~t said MORTGAGORS to reteive and use i1 q any part ~he:aof tor o;n_r ~.u:~ ::srs. ::nir.,;! th .v:~.~ ~3 or ~~na~~r ing any equ~ty, l;en or right under or by virtue of this mortgage; and in the event sa:d MORTGr1GORS shall .`or any reason fail to kaep the sa~d premis~~s so insured, or fail to de~~ver promptly any of said pol~cies of iniurance to said MOQTGAGEE, or fai! p:omprty to pay fv:ly any are~n;u~n the~afor or in any respec? (~il ~o perform, disch~rge, execut~, effect, coniptete, comply witfi and a5ide by this cove~am, or any pan hrrzof, said 1AGRT;,AGEE may piace a,o pay for s~ch insurance or any part thereof without waiving or affecting any optio~, lien, equ~ty, or r~ght under or by vi~tue of ihis Moitgage, and the full amount o( eacA and e~ery such payment shall be immediately due and payable and shall bear inte~es~ from ~he date thereof until paid at the rate of nine per centum per annu~n ond tu~~aher w11h svch inte~est shali be sawrrd by the lien of this morlgage. 4. To permit, comm~t or svfter no waste, impairment or dererioration of said property or any part thereof. S. To pay all and singular the costs, charges and expenses, inctuding a reasonable attorney's ;ec and costs of abstracts of title, incurred or paid at any tim.e by sa~d MQRTGAG:E, ~eca~se or in fhe event of tha fallure on the part of the said MORiGAGOR ~o duly, pro~»ptl; and fut:y periorm, d~scharge. exec~te, effett, co~nplere, co•r,ply w~th and ab.de by eath and every the stipulai~ons, agreements, conditions, and cove~anrs of said promissory note and ~his mortgage any or either, and sa;d costs, charges ond expenses, each and every, shail be immediately due and payable; whether w not there be notice d~ mand, attempt to collect or suit pe~iding; and the full amount of each and every such payment shall bea~ ~nterest f~om the date thereof u~~;~: p:.:d a: ~.rte of n~ne per cent~m pcr an~~;,:~~; and all said costs, charges and ex~enses incurred or paid, together wdh such interest, shall h~ ~°~ured hy the ~ien of thif mortgage, ' 6. That (a) in the event of any breach of this Mortgage or deia~lt on the part of the MORTGAGOR, o~ (b) in the event any of sa:d sums of money herein referred to be r.ot promp!ly and fully paid within th~rty (30) days nex~ afrer the same severa:Iy 6eco+ne due and payabte, wiihout demand or notice, or ~c) in thr event each and e~ery the s6pu:at+o~s, ag~eements, cond~rions and covenants of sa:d promiascry note and th~s mortgage any or either are nol ~~ly, promptly and fuily periormed, d;scharged, executed, effected, completed, compl~ed with and ab~ded ~y, then in e~ther or any svch event the sa~d ag gregate sum meroioned in said promissory note thzn remaining unpaid, with intere;t accrved, and a~l moneys secu~et! he~eby, shall betome due and pay ao':e forthwith, o. th>reafter, at the opt~on o1 sa~d MORTGAGEE, as fully and compietely as ii all of the said sums of money were onginally stlFu~ated io be pa~d on such dcy, anything in sa.d p~orn~ssory note or in this Mortgage to the contrary notwithsrand~~~g; and thereupon or thereafter at the opfion of sa:d MORTGAGfE, without not+ce or demand, suit at law or in equity, thereiore or thereafter begun, may be prosecuted as if all moneys secured hereby n~d matvred pno~ to AS institution. 7. That in the event that at the beginn~ng of or at any time pe~ding any suit upon ihis Mo~tgage, or to forectose it, or to reform it, ar to enforce payment oi any daims hereundrr, sa~d t10RIGAGEE sha!! apply to tbe Cowf having ~urisd:Uion thereof lor thr appo~ntmeM of a Receiver, such Court shail icrthwith appoiM a receiver of sa~d morigaged property all and singu:ar, includ~ng a11 and s~nyular fhe ir.come, prol~ts, issues and revenues from whatever scwce derived, each and every of wh~ch, iT be~ng expressly understood, is hereby mongaged as 'rf spediically set forrh and desvibed irt tbe g.an~i»g and h.abendum dauses hercwf, and such Recerver shail~have all the broad and effective funct,ons and powers in anyw~se entrusted by a Court to a Receiver, and s_ch appointment shall be made by such Covrt as an admitted equity and a Tatte~ of absolute right to said h50RTGAGEE, and wifhout reference to the adeq~acy or i~adeq~acy o( the valve of the proper~y mortgaged or ro the so:vency or ~nso~vency of sa~d MORiGAGOR or the defendants, ar.d ~hat such r,•,rs, profits, inco~ne, issues and revenuas sha~l be appGed by such Receiver accordmg to the lien or equity of said MORTGAGEE and the practice of such Courl. 8. To duty, promptty and (ully perform, discharge, execute, effect, tomplete, comply with and abide by each and every the stipuiations, agr~ments, conditions and covenanrs in sa~d prcmissory note and ~his mortgage set forth. 9_ That in the ev~nt the c,n.-nership of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than ihe MORTGAGOR, the h:ORTGAGEE, its :uccessors and rss~gns, may, without ~ofite to the MORTGAOR, deal with such sutcessor or successor in inte~est wifh reference to thia n o+tgage and the d_•ui hereby secured in the same manner as w~th hlortgagor without in any ~vay vitiating or d~scharging the /1lortgagors' liability here- under or upon the deb+ hcraby secured. No sale of the prem~ses hereby mortgaged and no forbearancr on the part of the IhORTGAGFE or its successers ass%~~s ..nd no ex~P~~)on of rhe t~me for the payment of the debt here6y setured given by the MORTGAGEE o. its auccessors or ass~gns, ahall operate ro retease, d~scharge, mod~fy change or affeU rhe orig;nal IiabiGty of the MORTGAGOR herein, either in whole or in part. 10. It is spec,f~cal~y ag~eed that ti~ne is of the esser.~e of this contract and that no waiver of any obt~gat~on hereunder or of the obtigation se- c~~red hereby shalt at any time rher:-atrer be heid to be a waiv<r of rhe te~ms hereof or of the insuumem secured herby. l!, In auJ f:on ro !}:e forego ~ig n,onth!y payments of princ pal and interest required by the prom:ssory nore sccured hereby, mortgagor tovenanti e•,d ag~ees to Yay to n,ortyagee ~+~th e„h momhiy pay,.~ent an add~rional sum estm:at~d by mOrtgagee to be equal to 1 12 oi Ntie on:iual cost of the folfow- A-Aff real property raxes levied or assess:rd aga~•,sr rhe above described real estate. ~ _ • tia ~a..~P~1 on the ~mcrovements s~tuate on the abovc described premises. C-Pramiu~~•s on such ~,ort~~ge g~aranty ir.surar,ce as mortgagee shall from t me to time deem fit to carry on the loan secured hereby. Mortgagee shs:i '.rcm rin,r to ~~:~~.e nor~fy mortgagcr ~n wr~t~ng of the a~:ou~t du•~ and payable hereundrr and such su~» shall there~pon be due and c~yable on rhe CIL2 d~re of ~he ~.ext monin:~ pay~r.Bni and each successive monfh thereaficr ur.ril mortgagee shall not~fy :;;~rtgagor of a change in such : ount. Su:h wms sha:t be ap~.tiea by mortgag~e toward fhe paymem of rea{ property taxes, insura~xe prem:ums, a~id mortgage guaranry insurance :"emiums. IN \'~ITNESS WNER" , the said .10R AGOR s hereunto set his h.~~id and seal the day and ar first af esaid. igned, Se ted a. del' ered i esence of• (Seal) - Dour~s C. Pa e t t e ~~ai~ i - - lSeaq ` Armond Paye_tt ts~ap SiPTE OF FLORIDA ~ { ~OUNTY OF St . Luc_ie ~ I ~ ~ Before me personally appeared ~uqlas C. Payette - ' and ~ _ ALmO[ld Payette _ h~: W~re, to me well known and known to me fo be rhe individuais described in and who executec! the foregoing inslrumeM, and acknowledged before me that they executed the same .fw the purposes ` rherein expressed_ And the said- ~r~Ol1C3 Paye t ie - ~i ~ ~ ~~{e of the said ~DU91dS C. Payette upyrt.a'iepalate'sAd pt~ate F e¦am~nat~on by me taAen separate and apart from her said husband, acknowtedged to and before me that she executed said instru~af f~eel 'and'vblun- ; +an{y and w~thout any compulsion, const~aint, apprehe i,~fear of w from 6e aid husband. r'~ • 7 ; ` ~ \41TNES5 my hand and official seal this_ ' day ot ~ be Q A. D. ID~ - - ! t~. ' Norary Pubtk +n a fo the tSJe /f~f arida atynrq~ ' My Commission eapire : I . f Return To: 3~~•., ~ • : ! ~r~ first Federal Savings b Loan Associat~on ' Of Fort P < ~ce ' Fort Piarce, Flur~tie i ; ~~a~~ ! This Instrument Prepared By John lV. Coll ins QE~RX G:. ,:,UIT ~pUllf ~ First Federal Savings & Loan Association Rilf4R~?VQ~~FI~~ ~ of Fort Pierce Fiorida ' Oct ~ l 8 3~ ~M'?Z Checked By 1~~ 2399~9 k . t.tT , _ . - ~ - =s_