The URL can be used to link to this page

Home My WebLink About0660 3. To place and cont~nuo~sty keep o~ the b~~'d~~,9s now or hareafter ~~ruate on sa~d land and oo all eq~~p~nrM and personaily covered by this ma~g- ege, w~th all premwms thereon pa:d m full, f~ra insurancr ~n the usua{ s~ar.da~d po'~ty Fo~m, in a wm aHproved by ~he MOR~GAGEE, and windstorm _ ~~wronte in the usual srandard po~•ty form, in a' s~m approved by thd h10RTGAGEE, in such canpany or tompan~es as the A10RTGAGEE ~++~y d~rect; ~nd all lire ar.d w~nds~orm insuro~ce pd~~~~s on any of sa~d buiid~ngi, any in~eres~ therein o~ part thereof, in ~he agg~ega~e :um 8foresa~d a in eacess ~hereoi, shatl ;ontain ~he usual s~andard mortgagte c~ause o~ such oiher cta~ie as Ihe Mortgagee may requ~re, ma?~~g the lass unde? sa~d poii- c~es, each and every, parab!e to aaid ~1~~ORTGAGEE as :ts ~ntrrrst rnay appea~, a~d each and avery s~ch poiicy shalt be promptty assgned a~~d de~ivrr~d ~o eny hald by sa~d MOR(GAGEE as fur~her security ta s~~d mor~gage dabt, and, not less than ten~10) days in advance of the expirafion of each policy. ?o dr fve~ to said MORiGAGEE a rcnewal thereof, toge~her with a ~ece~pt for ~he premium oi such ~enewal; ar.d thare shail be iw f~re or wir.dito~m inwrante plated on sny of sa~d b~ild~~+gs, any interest Iharein or pa~t thereoi, unless in the fo~m and wnh the loss payab~e as afo~esaid; and in ~he event any sum of money beca++es payabie unde~ s~ch polity w pol~c~.:s sa;d MORTGAGEE ah~ll have ~he opr~on to receive and apply the sa~ne on accuunt of the ind~btrd• ness secured heraby or ~o perrni~ said MORTGAGORS to receive and use it or any par~ thereof for o~n•_r pu~Eosrs, •;,<<<,~.+..t th_r~ur .~..~~~.~7 0~ ~~~~p~~r- ing any equ~ty, tien o~ r~gh~ undrr or by virtue of this moc•gage; and in the event said A10RTGAGORS sha~l fw any reason fail to keep the said premis=s so ~nsured, o~ fail to de(~ve~ promptly any of said pol~cies of insurance to sa;d MORTGAGEE, or fait promptly to pay 1u~ly any pre~~~~um therefor or +n a~y respect fait to perForm, d~scharge, exrc~tr, effect, complete, co:nply w~th and abide by th~s covenaM, or any part hereof, sa+d htORTGAGEE may piace and pay fw such inswance or any pa~t thereof w~thout waiving w af(ec~ing any option, lien, equity, o~ right unde~ or by virtue of ~his Mortgage, and the I~u amouot of each and every such payment shall be ~mmed;ately due and payable and shall baar interest from the date the~eof uroil paid at the rate oi ~i~ne per centvm per ann~m and togethrr with such intcrest shall be secured by the lien o~ this mortgage. d. To permit, commit w sufFer no waste, impairn:ent o~ detrtioration of aaid propetty w any part thereof. S. To pay all and singutar the costs, tharges and expenses, includiru~ a reasonabte attwney's fee and costs of abstracts of t~tle, incurred or pa~d at any tlme by sa~d MORIGAGEE, beca~se or in the event of the fa~lure on the part oi the said MORTGAGOR to duly, orompdy and fulty perform, dncharge. ~xecute, efiect, comp:ere, co~nply w~th and ab:de by each and every the stipv~at~ons, agreements, conditions, and covenanfs of sa~d promissory note a~d this m.wrgage any or e~~her, and sa:d cos~s, charges and expenses, each and every, shatl be immed~arely due and payabte; whether a not there be ~o~ice d~ mand, attempt to coliect or suit pend~ng; and the full amount of each and every such payment shall bear interest from the date thereof u~til paid at the r~re o; nine per ctntum F:ar ann~:~:; and aU said wses, charges and expenses incuned w paid, ~ogether wJh suth interest, shall be secured by the lian oi thb morlgage, 6. Thaf (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w ib) in the event any of sa;d sums of money herein referrad to be not promptly and fully paid ,,virhin thuty (30) days neat afrer the same severa!ly beconie due a~d payable, without demand o+ notice, er (c) in the event each and eve~y the stipulat~ons, agreemeros, cor.d~rions and tovenants of sa d p~om~ssory note and th~s mortgage any or either are nm i~ly, prompUy and fully perFormed, d:scharged, executed. effected, completed, compl~ed w7~h and ab~ded by, then ~n e~the~ or any such event the sa~d ag ~regate sum mentioned in said pro~~issory noee then rer.,a~ni:~g unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay eo!e foithwith, w thereafter, at the opr:on of said MORiGAGEE, as fully and comptetely as if all af the se~d sums of money were or~g~~ally s~~p~~ated ro be pa~d on such dzy, anything in aa d protn;ssory note or in this Mortgage to the com~ary notwithstanding; and thereupon a lhereafter at the op~~on of sa~d MORTGAGEE, without nonce or demand, w~t at liw or in equi~y, therefore w thereaher begun, may be prosecuted as if all moneys secured hereby nad mawred pnw to ds ins~~tuhon. _ 7. That in the event that at the beginn~ng of or at any time pend~ng any su~t upon this Mortgage, w to foredose it, or to reform it, or to enforce payment of any cia~ms hereur,der, aaid NtORTGAG'E sha;1 apply to the Court havmg ~urlsd:ction tF.ereof for the appointment of a Receiver, such Court shail Forthwith appo~nt a receiver of sa~d mongagrd property aV and singular, i~tlud~ng alt and s~nguiar the income, prof~ts, issues and revenues frorn whatever sa~rce derived, each and every of wn~ch, i~ be~ng express:y undersrood, is hereby mortgaged as if spec~`icaily set for~h and described in the gren~~ng and h~bendum c~auses hereof, and such Receiver shall have all the braad and effective furct~ons and powers in anywise entruated by a Co~rt to a Receiver, and s~ch appointme~~t sha11 be mada by such Co~rt as an adm~tted equity and a matter of absol~te right ta said AiORTGAGEE, and wi~heut reference ro the adequacy or inadrquacy o1 the value of the prope.ty mortgaged or to the sotvency or insolvency o( sa~d MORiGAGOR or the defe~~~ants, and that such renrs, profits, income, issues and revenues shali be apptied by such Receiver accord~ng to the lien w equiry of said MORTGAGEE and the praUice o~ such CouA. 8. To du!y, p.omptty and fully perform, discharge, eaecute, effect, complete, compty wi~h a~d abide by each and every the st~pulations, agreements, cond~tions and covenams in sa~d promissory note and this m~xtgage set forth. 9. That in the event the ownership of the mortgaged premises, or an~- part thereof, becomes vesfed in a person other than the MORTGAGOR, the .'ORTGAGEE, its successors ar.d ass~gns, may, wirhou~ notice !o the MORTGAOR, deai with svci~ successo~ or successor in interest weth refe~ence to this r-,o~tgage and the debt hereby sec~~ed in the same manner as wrth l:Sortgago. with~ut in any way vitiating or d~scharg:ng the Mortgagors' liability here- ~r.der w upon the debt hereov secu~cd. No sale of the premises hereby mortgaged ar.d no forbearance o~ the par~ of the MORTGAGEE or its successors e~ assigns and no extension of the tin,e for the paymem of the debt hereby secured given by the MORTGAGEE or its successors or au:gns, ahall operate ro release, d~scharge, mod~fy change or affecf the orig.nal Iiau~Lty of the MORiGAGOR hereen, either in whole w in pa~t. 10. lt is speutically agreed that timo is o~ tt,e essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se- cvred hereby shali ai any time thereafter be held to be a waiver of the terms hereof or of the instrument sec~red herby. 11. In add:t:o~ to thc fwego ng month!y payrn~nts of p,-i:u'pai and inrcrest reqvhe~ by the prom~ssory no!e secured hereby, mwtgagor covenams a•,d agrees to pay ro mortgagee ve~th each mon~hly payo,e~t an add~~ionai sum esr'n,ated by mwtgagee to be equal to 1/12 of the annual cost of the fo!{ow- .,y: A-Alt rea~ p~operty taaes levied or assessed agai•~st thc ahoie described real esrate. i B-Pf~.?T.R/'!IS on f~~e ar.d windsrorm msura~,ce as ~ere~n req~~;red to be carr~ed on the improveme~ts situate on th~ above described p~emises. C-Prem~vms on such mort~age guaranty ~r.s~ra~:ce as mortgagee shall frorn ~ me to rbne deem fit to carry on the toan secured he~eby. ~ Mortgagee sha l from t~me to tlme norif~ morryagcr in writ~ng of the amount due and payabte hereunder and such sum shall thereupon be due and ' ; 3;able on the due oare oi ~he i~ext momh:~ payment and each successive rr.on!h thereaiter ur,til mortgagee sha11 notify mortgagor of a thange in such { r ovnt. Such su:ns sha:i be app'ied by mortgag?e tovrard tiie payment of reat property taaes, insurante prem:ums, a~~d mortgage guaranty insurance y! ;:'2niumS. i ~ IN WITNE55 V~HEREOF, the sa~d MORTGAGCR has hereunto set his hard and ieal ihe day a~d year first afwesaid. igned, Sea~ed eliver in ~he presence of: - ,(,(f F sea0 - . (Seaq (Seaq S~ATE OF FIORIDA SS. c~uvtY oF St T lcie ~ Before me perwnaily appea?ed Wa~il@ E. Nei~L~n and Patnela P. Ne~?uan his wife, to me well known and known to me to be th~ i~dividuats descr~bed in and who executed the fuegoi instrument, and acknowledged before me that they executed the same tor the purposes rherein expressed. And the said P~~a P• Nexman ,,lfe of the wid Wa~II@ E. N6iTl68n upon a separate s~ private e,~aminatian by me ta~en separate and apart from her said h~aband, acknowledged to and before me that she executed said inatrument ,freely end volurr rar~ty and w~thovt any compulsion, constraint, apprehensEon, w fear of or from Fxr said husband. {"f WITNESS my hand and offic~al seal this- day o November ;b; ~j4~ - ~ ~ y~; ~ > ~ Notary Public in and for t tate fo~da. . ~ My Commiuion expirex _ , ` j"~~ ' 1~? ~ Retum To: - ~ ~ Fint Federal Sav"sngs S loan Association :~>'•;~y _ ~ or Fo-r v.«<~. AMO RECORDE~ j•,...~' f1LE0 " , Fon P~erce, Ficr~da St.LUC1E COUNTY F~~• ~ _ ~ ROCE~ P0ITRAS l ~ r• --r S;,.~` _ ~ CIERK C4P.CU11 COURT ~SUC.'~A~~efFtOR~'1A~/ _ RECOa~J ~Ek~FtEO ~~~MMISStON EXPIR~S ~OEC. 29, 1915 ~ BondeO Tbru Gcntial losunnt~ UndwrrrltM~, _ This Instrument Prepared By E. B2'St1T1 u,~,',1 9 ss AH ~ 1~ ~ First Federal Savings 8~ Loan Association ~{yr '1 ~ of Fort ~ierce ~ Florida ~ 24201.3 ~ Checked By 800K ~0~ PAGf ~ , ~ ~ _ . - - ~ - . ~ = ~ ~ ' - ~ . :