The URL can be used to link to this page

Home My WebLink About0921 - , . ~ ti To place and continuously keep on the bui'd~ngs now or hereafter situate on said land and on all eq~ip~nent and personally covered by this mor ege, w~th all premiums ~hareon pa d in full, f~re insurance in !he usual standard po:icy form, in a wm aHpro~ed by ~he MOR~C~AGEE, and win~lsto insuran~e in tha ~sual standa~d pot.cy form, in a su~n approved by the MORTGAGEE, in such comN~ny or companies as Ihe lt10RTGAGEE m duect; and all fire and w~~duorm insurance policies on any of sa~d build~ngs, any inte~est thc~ein u~ part lhaJeol, in the aggregate sum aforesaid in excess thereof, shall :onfa;n ~he uwal stond.~rd mortgagte dause or such ofhe~ dause as ehe Mortyagce may req~~re, making ~he Ioas unJar sa~d po des, each and every, payab~e to said h1pRTGAGEE as ~ts interest may appear, and each and every svch po'icy shaL 6e pro~~pNy ass g~~cd and de~~vered ~ a any hetd by safd l.1QRlGAGEE as furtha~ s=cu~+~y to sa;d mongage debt, and, not less than len (10) dnys in advance of tne expiration of each poGty, to d~ ~~~er :c~ ssi~ A`OR'.v.".v`~ ~ rcnc::a! !h~re^E, !ene~her with a rxeiut for the oremium of such ienewa; and there shail be no fue o~ w[ndstoTm inSUrant placed on any of said buildings, any inierest there~~ or pnrr thereof, un7ess in rhe form ahd w;:h the ioss payable as aforesaid; and ~n ti~e eveat a::y su~~ of money becanes payabte un~ler s~ch policy or poGcies sald MORTGAGEE sfiall have ~he opnon to rece~ve ~~~d app'.y tlie same on account of the indebtrd ness sew~ed hereby or to perm~t s3~d !'AORiGAGORS to reteive and use it or any p~rt the;cof ior e:n:r p~r~ ~s,•s, ~v~r~~;;~t th:•~u; w..i.i a~ ~~~~p,.~~ f ing any equ~ty, lien o~ right unde? o~ by vi~tue of th~s morgage; and in the event sa~d M0~2TGAGORS shall `or any reason iail to keep the sa~d premiscs so ~ inwrcd, o~ fail Io de!iver promptly any of said polities of insuran~e to said MORTGAGEE, or i~:: p:ompily to pay fu~ly any premi~m therelor or in a~y 1 respett fail to perform, dischar9e, execute, eHect, comp!ete, camply with aod abide by this coven,~:it, or any parf hareof, sa~d MORi;,AGEE may place a•~tl + pay for such insur.mce or any_ part thareof wiihout waiving or affecting aoy opGon, lien, equ~ty, or r~ght unde~ or by virtue o1 this hlor~gage, and thE j full amount o! each and every such pa;meM shall be immediatNy due and payable and shali bear interesr from the dare thereof until poid at the rate o1 ~ n~ne per centum per annum ~nd to~_th~~r v.nh suth interest shali be secured by Ihe lien of this mortgage. i G. To ;,"nei;, c~r.:•x•;• o.• st,ff..r waste, imnairment or deterioration of said property or any parl thereof. 5. To pay all and s~ngufar the costs, cha+ges and expenses, ~ncluding a reasonable attorney's (ee and costs of a6stracts oi title, i~curred or paid at any t+me by said A50RTGAGEE, because or in the eve~~t of the failure on the part oi the sa~d MOR~GAGOR to duly, pron,~rly and futly perform, d~scharge. axecute, eifett, cemplete, comply w~th and ab:dr by each and every the stipulanons, agreemeNS, conditions, and covenants oi said promiszory note and this ~~ortgage any or e~~he~, and sa:d costs, cha~ges and expenses, each and every, shall be immed~ately due and payable; whe~her or not rhere be notice d~ mand, atternpt to cottect or suit pend~~g; and the ful! amount of eath and every such payment shall bea. interest from the date thereof until paid a1 the ~.,re o~ nine per c~~nt~m per anu~:ir, and ~ii sa~d cos~s, charyes and ex:xnses irxurred or paid, together w~th such interest, shall be secwed by the lien of this mortgage. 6. That {a! in the event of any breach of this Mo~egage or default on the part of the MORTGAGOR, or ~b) in the event any oF sa:d s~ms of mo~ey herein referred to be not pranpfly and fully paid within th~rty (30: days next aiter ttee same severa:ly become due and payable, without demand or ootice, or (c) in thr event each and every the stipu~atlons, agrerments, cond~tions and covenan*s oi sa d promissory nota and rh,s mongage any or ej~Aer are not ~u;y, pro~nptly and fuily perfonned, d.scharged, ezec~t~d, effected, completed, compGed with and ab~ded Sy, then in e~ther or any such event Ihe'said ag ~r~gate wm mem~oned in said p~ontissory note then remaining unpaid, with intere;t aarued, and att moneys secured hereby, ahatl become due and pay ao:e forthwith, or thereafrcr, at the op!~on of said A10R1GAGEE, as tully and compieteiy as ii aii uf ~~,r sa~J s~ms of r.;~ney tivere or~ginaf!y s~~p~~la~Pd to be pa:d on suth d~y, anything in sa.d prom~ssory note or in this Mortgage to the contrary notrvithstanding; and thereupon or thereafter at the option of n:d MORTGAGEE, w~fhout nohce or demand, suit at law or in equity, therefore or thereafrer hrgun, may 6e prosecuted as if all rnoneys setured hereby, r._d matured pr~or ro ds ins~itution. 7. That in the event that at the beginn~rtg of cr at any time pending any su~t upon this Mortgage, or to foreclose it, or to re(orm it, or to enfo~te payment of any cl3ims hzreunder, said MORTGAt'iEE sha•.1 apply to the Gourt having junsd:c~~on thereof (or the appointment of a Receiver, such Court shall io: thwith appant a receiver of said mortgaged property all and singutar, in~lud~ng aIl and s~ngu~ar the income, profits, issues and revenues irom w7hatever se~,rce derived, each and every of wh~ch, it be]ng expreu~y undersfood, is hereby mo.rgaged as if spec;iically set forth and deuribed in Ihw grao'ting and h,bendum davses hereof, and wch Receiver sha!I have all the hroad and effec~;ve funa.ons and powers in anywise entrusted by a Court b a Receiver, and s_:h appointme~~t shail be ~~:ade by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and with~ut reference to the a~:equacy or inadeq~acy of the valua o~ ihe properry mor~gaged or to the so:vency or ;nso+vency o( said MORTGAGOR or the defendanis, and that such r<~~+s, profits, income, issues and revenues shall be appiied by such Receiver ac.orduig to the lien or equity of said MORIGAGEE and the practice of such Court, ~ B. To duly, promptly and fully perform, d~scharge, execute, eifect, complete, cornply w•~th and abide by each and every the stipu(ations, agreements, - c~nditions and covenants irt smd promissory note and th~s mortgage set forth. 9. That in the event the ownersh~p of the mortgaged prem~ses, or any part thereof, becomes vested in a persen other than the MORTGAGOR, the "'~RTGAGEE, its successors and assiqns, may, without notice to the NIORTGAOR, deal with such successor or successo~ in interest wi~h referente to this :ro•tgage and the d_bt hereby secured in the same rnann~r as with Rrtongagor w;thout in any way vit;ati~g or discharging the Mor:gagors' liability h¢re- ~~~der or upon the debt herzby secured. No sale oi the prem~ses hereby mortgaged ar.d no (orbea~ance on the part of the 11lORiGAGEE or its successors cr assigns a~d no extension of the time for the paym.ent of the debt he~e6y secured given by the NtORTGAGEE or its s~ccessots or assigns, a~~al1 operate ro re~ease, ducharge, modify ~hange or affect the orig~nal Ga~~{~ty of the MORTGAGOR here~n, eilher in whole or in part. 10. It iz spec;fica!ly a9reed th;t time is of the essence of this contract and that no waiver ot any obl~gat~on hereunder or oi the obiigalivn sr- c~red hereby shau at any time rhereat~er be he:d to be a waiver of the terms hereof or of the instrumeN secured herby. 11. En add tio:~ to the forego ng month!y payments of prir.c pat and interest required by the prom"sscry rtore seclired h<~eby, mortga~or covenants ~•:d agr~es to pey te n:ortgayee wrth each month`y pa~~ ~ent an odd~~ional sum estin,ated by mortgagee to be equat to l. 12 of t:ie annual ccst of the follow- 1 A-All real prope~ty taxas fevie~ or assessed ~jai~~st thc above descri,~,ed real esrare. B- P.~~~.~u ~~s o~ fve e.~d .vindst~ran ;nw~acce as nere~n requ;red to be carried en rhe [mpfoveme~ts s:tvate on the above d_scr~bed premises. C-Pre~n~u~~ s on svch m.ortg :ge guaranty iesura~ ce as mortgagee shall from t;me to timc deem fit to carry on the loan secured hereby. Alortgagee stia!! from ti~ne to ti~ie no!iFy mcrtgager in v~nt~ng of the amou~t due and payab{e hereunde~ and such su:n shall thereupon be due and .;ab'e on the cl~e dat= of ~he next montniy pay~nent and each successive month thereafter ur.tit mcrtgagee shall noY,fy morfgagor of a change in suth ount. Such sums sha:i be apE~'ieJ by rnortgag~ae toward the payment of reai property taxes, insura~xe prem:ums, a~:d mortgage guaranty insurante emiums. 1~1 \'lITNESS VV ~ OF, th sai MORT GQR has hereunto set his hand and sea! the day and year first afo+esaid. Segned, ai and deliv~r ' the pres nce of: ' . Yf~R~.a.~,~. ~ ~~.y~ (Seaq - W rren E. Farle ~~a~~ ' ~Seat) - orraine A. Farley ~-~~ai~ S?ATE OF FLORIDA ~ . $t ~ L.UC 1~ SS' ~JUNTY Of ~ ~ Before me persona:ty appeared Warren E. Farley ____T and Lorraine A. Farley his wife, to me well known aqel~k(~ovyrt t~r:rrypitq be 'he individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the~•,sArlp~ for lKe ~pps¢s rherein expressed. And the :a~a_ Lorraine Farley E- ~y, warren E. Farle • ~ - ~ ~ .:Ife of the said y =ypyn'a'iE~Araf~1`ay~:prprate e~amination by me taken separate and apart from her said husband, atknowledged to and before me that she ezecufed~said instru~siT"f~ee~y,~ jtDturo ~~~~ly and w~thout any computsion, constraint, apprehen ~o~~ w fear of or from r wid husband. l : • L~ •.`,a, WITNESS my hand and official seal this_ _ f~~, day of Octobe 1 Q / p.• J , Notary Public in and r the a lorida $[~§e~,' { My Commission exp' es: 3~y . , Retum To: ~ ~"/-'.J ~ ~ ~ ~ f~ • ST~• First Federal Savings 8 loan Association , Of Fort P er~~. - , Fort Pi~rce, Florid~ . • . f LEO I?MO kEGa~~Ep , ~~.1U01£ GOUN~Y lA, i This Instrument Prepared By ; J. H. Roberts~ Jr , fIOGEP. ?OITRAS ~ First Federal Savings & Loan Association ~~FRK C~~~ Ea COURT i RECORD YER ` of Fort Pierce ~ Flarida 33450 ~ 3a ~ Checked 8y ~ie ~ ~3.9~'7~ ~ ~ - ~ooK~07 FncE 92~. c ~h> , - _ _ _ - _