The URL can be used to link to this page

Home My WebLink About1617 3. To a~ace a~d continuo~sfy keep on the bui:d~ngs now or hereafter aituate on sa~d Iand and on aG equipmenl and personaliy to~ered by thls mortg- ag~, with aN premiums ~he~eo~ pa.d in iu:l, fue ins~rance ~n ~ha usuel ~~a~xlard po!icy fo~m, in ~ sum approved by ~he MORfGAGEE, and w~ndsrorm insunnce in the us~al s~a~~dard pot.cy io~m, in e surn approved by ths MORIGAGFE, in s~ch company or companies ai ihe MORTGAGEE may direcl; and all iire a~d w~ndsarm iosuranca pol~c:es on any of sa~d build~ngi, any in~erest therein or pail the~eof, in ~he aggrrga~e sum ~foresa~d or in exccss thereof, sl~all contain the us~al s~a~~dard roor~9agee clause o~ such oiAer clauss as the Mo~rgagee msy requ~re, making the los~ unde. sa~d poti- cie~, each and erery. payabte to sa~d h1JRiGAGEE as its in~erct~ may appear, and eacA and eve~y such po!~cy shall i~e prompUy ass gned and de~ivar~•d to eny held by sa~d MORiGAGEE as iurihe~ szcurity ~o said ~no~~gage debf, and, not less than ien (101 days in adra~~ce of ihe expirat~on ot eac1~ pol~cy, to dr Irver fo said MORTGAGEE a renewal thtreaf, toge+hr wi~h a rete+pt for tAe premium oi auth renewal; and the~e shall be ~w fire or winda~o~m insurance placed o~ ~ny of sa~d build~ngs, any inle~est thete~n or pa~t thereof, un~es; in tF+e form and with the loss payabte as a~o+esaid; and in ~he event any tum of money becomes payabie unde~ such policy w pol~cies said MORTGAGEE st~I1 have ~he opr~on ro receive and apply the same on accounl oi ~he indebted- ness secured hareby or to permit sa~d MORiGAGORS w receive and uae it a any part thereol tor oiher p~~uoaes, v.~~i~o~t ~h;r~ u~ w~~~~~,~ or ~~„a.;ir- ing any equ~ty, I~en or r~ght under or by vinue oi this mo:tgage; and in the even~ sa~d MORTGAGORS shafl fw any reaso~ fail to keep the sa~d premis~-f so insured, or fail fo deliver p~omptly any of aaid pol,cies of insurante to sa~d MORTGACsEE, or tail p+omptly to pay fully any p~e~n~um therefor or in any respect fail to perform, d~scharge, execufr, effect, complete, comply with snd abide by th;s covenant, or any part hr~eof, seid MORTGAGEE may place and pay fa such insurance or any part thereof withouf waiving or atfecting any aption, lien, eqv~~y, or right under or by virtue of this Moregage, and the f~ll amount of each and every such payment shal~ be immediately due and payable and shall bear inlerest from the da~e the~eof un~il pa~d a~ the rate ol nine per centum per annum and to~ether v~nh such inrerest ihai~ be secured by the lien of this mortgage. . 1. To permit, tommil or su(fer no waste, impairment or deteriorarion o( said property o~ ~ny part the~eof. 5. To pay atl and singular the costs, charges and expcnses, ~ncluding a reasanable attw~ey's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because w in the cvent of the faiiu?e on the part of tAe said MORTGAGOR to duly, promptly and fully per(o~m, d~x~arge. >xxutr, e(fect, comptete, comply w~th and ab:da by each and every the stipufat~ons, agree~nert~s, conditions, and covenanrs of ~a+d p~om~ssory note and fhis :~,orrgage any o~ e+?he~, and sa;d costs, charyes and eapenses, each and every, shall be immediately due and payabfe; wh~ther w not there be norice da mand, attemp~ to collec~ or suit pend~~g; and the fu~l amoant of each and every such payment shall bear inferes~ from the date ~herrof untii paid at ~he ~~te of nine pe~ Centum per annum; and all said cosrs, charges and expenses incurred w paid, togethzr wdh such interest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach ot this Mortgage or defaulf on 1F~ part of the MORTGAGOR, or (b) in the event any of u~d sum~ of money herein referred to be not promptty and fu11y paid wuhin thury (301 days nexe afrer the same severaUy become due and payable, withoW demand or notice, or (c) in the evem each and every ~he st~puiasions, agreemeros, cond~e~ons and covenanrs of sa~d pronussory nofe and th~s mwtgage any or e~ther are nol ~uly, promptly a~d fuity Ferformed, d~scharged, executed, effected, completed, compl~ed w~th and ab~ded 5y, rhen in e~ther w a~y auch event N?e sa~d ag gregate sum mentio:~ed in said promissory note then remaining unpa~d, wi~h interest accrued, and aIl moneys secured hereby, shal! become due and pay- able forthwith, or thereaiter, at the opt;o~ of sa~d MORTGAi3EE, as lully and completely as ii all of the said sums of money v~ere or~ginaliy st~putated to be pafd on such day, anything in sa:d prom~sso~y note o~ in this Matgage lo the connary notwithstand~ng; and thereupon a thereafter at the option of sa~d MORTGAGEE, w~thout no~~ce or de~nand, suit at law w in equ~ry, fhereiore w thereaf~er begun, may be p~osecuted as if atl moneys secured hereby n~d matu~ed pr~ot to ~ts i~stitutian. 7. That in the eve~t that at the beginning ot or at any time pending any su~t vpon ihis Mo~tgage, a to foreclose it, or to reform it, or to enforte payment of any claims hereunder, saiA~MORTGAGfE shafl apply to the Court having ~urisd,ction thereo! (or the appo~ntment of a Receiver, Such Cour> >hail Ferthwith appo7N a receiver of said mortgaged property all and singular, includ,ng all and singular the in~ome, proii~s, issues and rwenues from whatever source de~ived, each end every of wh;ch, it being express~y understood, ;s hereby martgaged as if speufically set forth and descr+bed in the g~anting and habendum clauses he~cof, and such Receiver shall have all the braad and effect~ve funct.ons and powers in anywise entrus~ed by a Cour1 to a Receiver, and s~cn appointmem s6alt be made by svch Cows as an adm~rted equ~ty and a matter of absol~?e right to sa~d MORTGAGEE, a~d without reference ro the adeq~aq or inadc~uacy of the vafue of the property mortgaged or to the so~vency or in:olvency of sa~d MORiGAGOR or the defendants, and that such re~fs, profits, income, issues and revenues shatl be app:ied by such Receivc~ accord~ng to the (ien or equity ol said MORTGAGff and the practice of such CavA. 8. To duly, promptly and fully perform, discharge, execute, effect, mmplete, comply with and abide by each and every the stipulations, agreements, conditions and covenanta in u~d promisswy note and th;s mortgage set forth. 9. ihat in the event tha pvvnership of the mortgaged premises, or any part thereof, b:comes vested in a perSOn other than the MORTGAGOR, ehe r'ORTGAGEE, its successws and assi~ns, mny, without not~ce to ~he MORTGAOR, deal with such successo~ w successw in interest with reie~ence to this n,o,rgage anc! the debt hereby secu:ed in the same manner as wiih Mortgagor without in sny way vitiating or d~xharging the Nbrtgagors' liability hero- under or upon the debt hereby sec~red. fVo safe of the Fremises hereby mo~fgaged and no fofbearance o~ the part of the IAORTGAGEE w its succeasws or assigns and no extension of the t;me for the payment of the debt hereby secured given by the fJIORTGAGEE or its successors or aas~gns, atwll operate ~o reiease, d~uharge, modify ~hange or aff~t the orig~nal Iiability of the MORiGAGOR txrein, either in whole or in pari. 10. It is specificatly ag.eed thar t;me is of the essence of this contracr and that no wa;ver of any obl;gaf:on hereunder or of the obligatan se- c~red hereby shal{ at any time thereafter be he:d to be a waiver of the terms hereof w of tF~e instrument secured herby. I1. In add,tio~ to the forego ng mo~th!y payments of p.inc'pal and interest required 6y the prom~sscry no!e secwed hereby, mort~agar covenants and agrees to aay to mostgagee v~ah each mont6ty payrnent an add,riona! sum est~:,~ated by mortgagee ro be equal to 12 of fhe annual cost of the foliow- in~: A-All real property eaxes levi~~ or assessed agai•~st the above descri5ed reat estatC. 8-Prem~ums on f~re and windsto~~n insi~rance as here~n requ:red to be carried on the improveme~ts s~tuate on the aksove d_scribed premises. C-Prem~ums on such mortgage guaranty ir.surar~ce as mo.tgagee shaii frcm rtme to time deem fit to carry on the loan secvred hereby. Morrgagee shail from t~me to t+me ~crify mortgago~ in writmg of the amovnt due and payab~e hereunder and such sum shap thereupon be due and ; 3yable on the due date of thz r.ext month.,r paym~nt and each succrssive month thereafter uctil mortgagee shall notify mortgagor of a change in such a^ount. $uch wms shail be applied by mortg~gee towa:d tne payment of reat property taxes, insurance prem:ums, and mortgage guaranly inswance p•emiums. IN WITNESS Y~HEREOF, the sa:d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Sgned, Sealed a~d delivered in the presence of: . ~ Sean ~ {Seah (Seaq - (Seaq STATE OF FLORIDA ~ COUNTY OF ~t • LliCle 1 Before me personally appeared - ?hQIDd 5 BrO~'n * J I. a~ Ma ry i,ena Bro~rn his wife, to me well 4nown and known to me to be the ind;viduals described in and wFw executed the foregoing instrument, and atknowledged before me that they exetuted the same for the pwposes th~rein expressed. And the said M~rY Lena $20R11 i ~~ie of the said Tt10IDa5 B10M11~ JI. upa? a s~q+ 5ate arid.p~ivsM exam~nation by me taken separale and apart from her said husband, atkr?owledged to and before me that she executed said irotru~en`t ireel4 $r~d ripluri• ~ rar,ly and wlthout any computsion, constraint, apprehension or fear of or from her said husband. • ' ' i WITNESS my harsd and official seal this o~~~ day of ~lOVe er - .~~ep ~q~~ j • _ _ ~ ~ J _ I ' • Notary Public in and for Stat iloti~a ~ larye' Retum To: My Commissioo txpires OTAR1' Ptl .'STAjE Of~j~I •{/~E ~ Q~ ~ - First Federal $avings 3 loa~ Association MY O~A~M( S$ 1(kIrDER~R~$:p[~; ~ej~`ae~~ oonAd ihru (~ne~,lASr~swc~dnd~lt~ra Of io~t P•erce. Fort Pierce. FioriJa : ~~s~.~~.~' • ~~.`E , v1~~s~ - ~~~~f ti! ~4(1tT COyRT This Instrument P~epared By Johtt W. Col2ins fff.fjR~ yrr: ~ ~g3 ~ First Federal Savings 8 Loan Association s of Fort Pierce ~ Florida $ 41 ~ f~~ ~ Checked By a 242698 ' ~~~K 208 ~A~E16i7 ; 5 ~ ~ ~ z f, _ - - - - - ~ ~ ~ ~ ~ a. 5~~ +-,-f~ sa,~~4~'-S~~ ~,~m~ ~'`-g'~ z ~A a-, . i~'~ P ~ - `~r~ . . . . _ . s~-:;~ _ -