The URL can be used to link to this page

Home My WebLink About4105 3. To place and cont~nuousiy keep on the b~~'d~ngs now or hereafter ~i~uate on said land and on ait equ~p~nen? and penonally covered by Ihii mortg- ege, with all p~emiums thereon pa~d in fuil, fire insurance in the usuat s~anda~d polity form, in a sum approved by the MOR~GAGEE, and w~~~dstorm insurance in ths usual ~eandard pal:cy fwm, in a sum approved by the MORTGAGEE, such canpany or compa~ie~ as the MORTGAGEE msy . diroct; and all }irs and w~nJstorm iniurante po~icies on any of said build~ngs, any i~ieres~ therein o~ parl thereol, i~ the aggregare sum aforesa~d or in eacess thereof,_ shatl contain Ihe usual standard mwtgagee clause o? such o~her clauss as the Mo~Igagea may requ~~e, ma?~ng the loss under s.+~d po~i- cies, each and every, payabte to sa~d MORTGAGEE as ~ts interest may appear, and each and eve~y iuch poiicy ahall be promptly ass gned a~~d deliverrd ~o eny held by seid MORTGAGEE as (urther security to said mortgaqe debt, and, not less than 1en (10) days in advanca of ehe expirat~on o4 each pol~ty. 1o de- I~ver to taid MORIGAGEE a renewal thereof, Iogefher with a rece~pl for Ihe prQmium oi such ~enewal; and there shall be no hre o~ windt~o~m inwrance placed on •oy of sa~d build~ngs, sny interest ~herein w part theraof, unless in the form and with the loa~ payable aa atoreaaid; and in the e~e~t any sum of money becomes payable undcv wch po6cy a poGcies said MORTGAGEE sl~lf have ~he opt~on ~o recei~e and apply the aama on account of the indroted- ~e~s secured he~eby o~ ?o pe~mit said MORiGAGORS tu reeeive and use it a a~y pmt thereof for o:ncr pwposes, v:~~t»~t th_.eur o~ u~~po~~• ~ ing any equ~ty, lien w ~igh1 under w by virtue of this ma!gage; snd in the event said MORTGAGORS shall fw any reason (ai) to keep rhe said Frem~sas ~o ~.^.sured, or fail to dr~~~er promn~ly any of said polieies of insurance to seid MORTGAGEE, or fail prompHy to pay fully any prem~um therefor or in a~Y re~pect (ait to perfam, d~scharge, eaecu~e, effect, compte~e, comply with and ab~da by ~h~s covenant, w any par~ hereof, sald MGRTGAGEE mey piaca a~~o pay for such insurance or any pa~t thereof without waiving w affecting any option, lien, equ~ry, or r~gh~ u~der w by vir~ue of ~h~s Mo~~gage, and ~he full amount of each and e~•ery such payment shalt be immediately due and payable snd shall bea? interest from the date thercof until pa~d at the rare of n~ne per centum pN annum and together with such interest shall be secured by the lien of this mortgage. 1. To pe~mit, comm~t o? sutfer no waste, impairment or deterioration of sa~d property w any par! thereof. S. To pay all and singular the costs, charqes and expenses, ~ncluding a reasonabte attor~ey's fee and costs of abstracts of title, incurred or pa~d at any time by said MORTGAGfE, because w in tF~e event of the iailure on the pa?1 of 1he said MORTGAGOR !o duty, pron,ptty and (ully perform, d~scharge. execute, etfect, complete, comply w~th and ab~de by rach and every the stipulat~oos, agreements, conditions, and covenants of sa~d p~omissory note ard t~~s .r.ortgage any or either, and sa~d costs, charges and expenses, each and every, shall be immediately due and payaDle; whether q not there be no~~ce dz ~.,r~d; attempl to coltec~ or suit oend~no: and the tull amount of each and e~ery svch payment shalt bear ineeres~ from the da~e thercoi until pald at the r._~e of nine per cenwm per anncnr, and all sa~d costs, charges and expenses incurred or paid, together wah such inrerest, shall be secured by tne i~en o1 tn~s mortgage. 6. Thaf (a) in the event of any breach of this Mortgage or default on the part of the AlORTGAGOR, or (b) in 1he event any of sa:d sums of money herein referred to Ee not pranptly and fully paid within thirty (30) daya neat aite• the same severally become due and payable, without demand o+ not~te, or (c) in the event each and every the stipulations, agreemeNS, <onditions and covenams of sa.d promissory note and th~s mortgege any or either are ~ot iu:y, promptly and fully performed, d~scharged, executed, effected, comp~eted, compl~ed with and abided 5y, the~ in either o~ any such event the sa~d ag ~regate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys setured I~ereby, ahall become due and pay- able fo~thwith, or thereafter, at the option of said MORTGAGEE, as fully and complerely as if all of the sa~d sums oi money were o~~9inally s~~pulated ro be paid on such day, anyehing in sa:d promissory note or in this Mortgage 1o Ihe contrary notwithstand~~xJ; and there~pon or thereafter at the opnon of sa:d MORTGAGEE, without notice or demand, suit at law w in equity, therefore w thereairer begun, may be prosecuted as if all moneys secured hereby nad matured pnor to ~ta institution. . 7. That i~ the event that at the beginning of or at any time pending any suit upon this Mortgage, or to fweclou it, o~ to refo~m it, or to enforce paymeM of any ciaims he~eunder, said MORTGAGEE shall apply to the Court having jur~sdktion thereof for fhe appo~ntment of ~ Receiver, such Court shall ferthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and s~ngular the income, p~of~ts, issues and revenues from whatever sevrce derived, each and every of wh~ch; it be~ng expressly understood, is hereby mortgaged as if spec~iicatly set iwth and deuribed in the 9~an~ing and h36endum clauses hereof, and such Receiver shall have alf the broad and effective funct~o~s and powers in anywise entruated by a Cou~t to a Receiver, and s;.ch appointmenf shall be made by such Court as an admifted equity and a matter of absotute right to said MORTGAGEE, and without reterence to the adequaq or inadequaq of the val~e of the property matgaged or to the so~vency or msoivency oi aaid MORiGAGOR or the detendants, and that such rentS, profits, income, issues and revenues shafl be appiied by such Receiver accord~ng to ~he tien o~ equity of said MORTGAGEE and the pracnce of such 8. To duly, promptly and fully pe~fo.m, d~scharge, execute, effect, corrsplete, comply with and ab~de by each and every the st~pulations, agreements, conditions and covenants ~n sa~d promisswy note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, w any part tnereof, becomes vested in a person other than the MORTGAGOR, the :'ORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such succeasor or wccessor in imerest with reference to this ~ortgage ar.d :ha de6t !u+reby s°tuted in the same ma~n?r as wrth Mo•egagor w~thout in a~y way vit~atino or d~scharainq the hlorfoaqors' liability here- ~nde~ or upon the debt hereby secvred. No sale of ihe prem~ses hereby mortgaged and no forbearance o~ ?he part of the MORiGAGEE or its successo:s er assigns and no extens~on of the time ior the payment of the debt herehy secured given by ~he h10RTGAGEE or its successors or assigns, ai~all operate to re!ease, d~scharge, modify change or affect the original liab~~~ty of the M.ORTGAGOR herein, either in whole or in part. 10. It is speuficatly agreed that time is of the essence of this conTract and that no waivrr of any obtigation hereunder or of ihe obligation se- cured hereby shalt at any time thereafrer be held to be a waiver of the terms hereof w of the instrument secured he:by. 11. In add:tio? to the fo~ego'ng monthly payments of princ pal and interest required by ihe ptom~swry no!e secwed hereb~, mottga~or tovenants ' ~~,d agrees to pay to mortgagee wi~h each monthfy pay~.sent an add~r~o~al s~m esr~~,a~ed by mortgagee 1o be equal to 1/ 12 of t5e anr.ual cost of the follow- ,,y: A-All real property taxes lev~ed or assessed aya~•~.,t rhe above described reaf estate. ~ B- Pra~n~ums on iire and windsrorm irtsurance as herein requ~red to be carried o~ the improvements situate on the above d_scribed premises_ C-Pretniums on s~ch mortgsge guaranty ir.~urar:te as mortgagee shai{ frcm t:me to time deem fit to tarry on the loan secvred hereby. t Mortgagee sha!1 lrom time to time notify mortgagor in writing of the amouht dv~ an~ payabte Fxreunder and such surn shal~ thereupon be due and ~ ~~y~bte on thr due date of the next month'y paymeM and each successive month thereafter ur.tit mortgagee shall notify morrgago~ of a change in such ! -:ount. Such sums shail be app!ied by mortgagee toward the payment of real property taxes, inwrance prem:ums, and mortgage guaranty insurance p•emiums. e IN \vITNESS LYHFREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. t ' igned, Sealed and red in e prexnce f: G~C~49 ~ rseaq ~ ~ ' (Seal) ~ / ~ ti.~t • (~/3'Jl-~ l (Seal) ~ } l$eaq ~ l ~ S7ATE OF FIORIDA ~ cour;n oF St . Luc ie ~ Ellis F. Abrams Before me personafly appeared a^d a Ba rba ra N. Abra ms his wife, to me well knawn and known to me to be ~ rhe individuals described in and who executed the for~j oing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said Barbara f~. ~1Drams fr~r. N~fe of the uid EI Z 1 S R Abra ms vpo~ a apparate and ~xiy!qAs ; ~xam~nat~on by me taken separate and apart from her sa~d hu:band, acknowledged to and before me that she executed said instrumenf .~feely and vp1Wf-~ ra•;ly and w~thout any compulsion, constraint, apprehe~}sio , w fear of or from her wid husband. ~ ~ r~`-- ' December '••~.'iy ~'l' ~ - WITNESS my hand and official seal this day of ~ft: _ f - :r ' . ~r ' ~ ~r ' • ~ _ ~ N tary PubGc in and f: t State of f1aF~}de,st~large . _ t~ • y Comm~ssion eapires: ' ~ ~ • ~ Retum To: ~ 1 ~ l I ~ ' • • • ~ ~y First Federal Savings S Loan Association ~ ` ~ Of Fo~t P erce. " - Fort Picrce, Florida f11,E0 ~ilrD ~£CflR~EO ~ ~ . = fT ~IIC1f COUIITY ftA, AOCEF ~O~TAAS o/ CL~R~ GIn~t1T Q9~tRt. This Instrument Prepared By John W. Col l in s ~EC~t~O i?EF1FtE0:,~.~~ First Federal Savings 8 Loan Association of Fort Pierce ~c 1l !I ~2 ~ ~71 ~ , Floric~a Checked By ` . 244338 n;, ~ a~ BOOK 2Q9 PACE~,~~ ~ 5 p , . ~ _ . 4. _ . _ . _ _ _ ~ ~ ~