The URL can be used to link to this page

Home My WebLink About5935 3. To place a~d co~~~n~ously keep on the build~ngs .~ow or hereafrcr situate on sa~d land and on a!1 equ~pment snd pe~sonally covered by Ihi~ matg- ege, with all premiums ~hercon pa~~ in full, fi~e ins~rance in ~he usual standerd policy form, in a sum approved by the h10Rr:s.+GEE, a~d windstorm ~nsurance irt ths usual ~~andard pol~cy to~m, in a s~m approved by tha MORTGAGEE, in such company or compan~es as the MORTGAGEE may direcr; and slt fire and w~ndstorm in~urance policies on any o( ~aid build~ngs, any interest therein w parl thereof, in the agg~egare sum aforesaid or in eacess thereof, shall contai~ the usual s?a~:dard mortgagee clause or such other clause as ths Mortgagee may requ~rs, making the loss undev fdtd pO~F drs, each and every, paya5te to sa~d ti10RTGAGEE as ~ts inrarrsr may appear, and each and eve~y such po!,cy s1~al~ be promp~ly ass gr.~d ai~d de~iv~red to any hetd by ss~d MORTGAGEE as Fwther se.urity ro sa~d mortga3a deb~, and, oot less ~han ren (t0) dsys in adva~ce of the expiration of each policy, to da live~ to said MORTGAGEE a renewal thereo(, together with a rece~pt for the p~emium of such renewal; and thrre sh~il ba no f~~e or windsrorm insurance placed ot~ any of said buildings, any interest therei~ or par? thereof, unless in the form ar.d with the loss payeble as aforesaid; and in the event any sum of money becomm payable under such policy or policies uid MORiGAGEE shall have ~he opr:on ro recei.e and apply ~iw same an accoun~ of ihr ind.:bted- ~ess uc~~ed hereby w ta permit said MORTGAGORS ro receive and vie it or any pa~r ihe:eof tor o:ner pu~roies, .v~rn;,~f ~h.~~u~ w~~v~ ~3 or ~~,~p,:~r- ~~g any equ~ty, lien or right unde? or by vinue of thls mortgage; and in the event ia~d MORTGAGORS shall for any reason fa~! to kcep ~he sa~d premis~s so insured, or (ail ro deliver promptly any of said pol~cies of insurance 1o said MORTGAGEE, or fail promptly to pay fully any p~ern;um iherefor or in a~~y respect !ai! to perform, dischmge, execure, effett, complete, comply wi~h and abide by lhi~ covena~f, w any part hereof, said MORTGAGEE may place a•~d pay for such insu~~nte or any part thereof without waiving or aifecting any option, Iien, equ~ty, or r~ght under or by v~r~ue of this Mortgage, and the fuil amount ot each and every such payment shal! be immediately due and payable and shall bear interes~ f:om ~he date thereof until pa~d at the rate oi nine per centum per annum and to~ethzr v~•~th such interest ahali be srcured by the lien of this mort9age. 1. To permit, tommit w sviter no waste, impairmEnt o~ deterioration of said property o~ any part thereof. 5. To pay all and singular the co:ts, charges and expenses, includ~ng a reasonabfe attwney i fee and costa of abstracts oi t~tle, incurred or pa'rd at ~ny time by said MORTGAG:E, because w in the evenf of rhe is;lure on the parl of the said MORTGAGOR to du~y, pron,ptly and fu11y perform, d~scha~ge. execute, e(fed, comple~e, comp?y w~th and ab:de by each and every the stipulauons, agreemems, co~ditions, and covenants oi said promiisory note and ~h~s mortgage any or e~ther, and sa:d cosf, charges~and expen:es, each and every, shall be immediately due a.~d payab:e; whether or not there be notice de mand, attempt to coltect or suit pend~ng; aad 'the full amo~nt of each and every such payment shall bear imerest from the date thereof umil paid at the rote oi nine per centum par annu:n; and alf said cosls, cherges and expe~ses incvrred or Faid, toge~her w~th such inte~est, shall be secured by the lieo of this mortgage. b. Thaf (e) in the event of any breach of this Mortgage or deiault on thr part of the MORTGAGOR, or (b) in the event sny o( sa:d sums of money herein reEerred to be nat promptly and fullY paid within ~h~.ty (30) days next afte+ ihe same snveraEly become due and payabte, witho~~ demand or notice, or (c) in the event each and every the stipv;ations, agrerments, cond~tions and covenants of sald promissory note and th~s mortgage any or e~?her are nol july, promptly and fully perfwmed, d:scharged, executed, effeaEd, complered, compGed with artd abideci Sy, then i~ e~~her a any such event the sa~d ag gregate sum mentioned in said promisso~y note then rema~ning unpaid, with inre~est accrued, and all moneys secured hereby, shatl become due and pay- aole frarthwith, or thereafter, at the opt~on of aaid MORTGAGEE, as fully and completely as if all of the sa;d sums of monty vvere or~ginalty st~pulated to be paid on suth day, a~ything in sa:d prom;ssory note or in )his Mwtgage to the contrary notwithstand~ng; and there~pon or ihereafter at fhe opt~on of sa:d MORTGAGEE, wirhout not~ce o? demand, suit a! Iaw or in equity, the~efore or thereaher begun, may br prosecuted as if all moneys secured hereby nad matured Pt~Ot f0 d3 inStifut~On. 7. Thaf in the event that at the begin~ing of or at any time pending any suit upon this Mortgac~e, or to foreclcse it, or to reform it, ar to enforce payment of any ciaims Aereunder, sa:d MOR7GAGEE shal! apply to fhe Court havirxJ ~ur~sd~c~ion thereof for the appointment of a Receiver, such Court sha~l fcrthwith appoint a receiver of said mort~aged property all and singular, inttud~reg all and sing~tar the income, prolits, issues ar.d ~even~es from whatever sc~rce de~ived, each and every of wh~ch, it being expressty understood, is hereby morrgaged as if spec~ircalty set fenh and described in the graming and habe~dum clauses hereof, and such Receiver shail tuve all the braad and effective func~,ons and powers in anywise gnt~usted by a Court to a Receiver, and ch appointment shall be made by aych Cou~t as an admitted equity a~d a matter o4 abso.ute right ro said MORiGAGEE, a~d wiihout reference to the adequacy w inadeqvacy of the valve of rhe propr~ty mwtgaged o~ to the so;vency or insolvency o( sa~d MORTGAGOR or the defendams, a~d rhat such ren~s, profits, income, issues ~nd revenues' shall be applied by sucfi R~ceiver accordu~g to the lien o~ equity of said MORiGAvEE and the pracr.ce of such Courf. 8. To duty, premptty and fully perform, dis:harge, execute, ef(ect, complete, c~+nply wifh and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory no'e and th[s mortgage set forth. 9. That in the event the ownership of +he ~*wrtgaged prem~ses, or any part thereof, becomes vested in a oeryon other tF~an the MORTGAGpR, the .'ORTGAGEE, its wccesaors and assigns, may, wnhovt r.o~ice to the MORTGAQR, deal wrth svch successo+ or successor ;n ;nterest wi~h reference to thia n,ortgage and the debt hereby sewred in the same manner as w~th Mlortgagor w~thout in any way vit~ating or d~xharging the Mortgagori liability F~ere- i ~r.cie: x vpon the debt hereby sec~red. No sale of tl~e F:ern~ses hereby mortgaged and ~o forbearance on the pan of the MORTGAGEE or its successors or ass~gns and rto exte~sion of the teme for the paym.ent of the debt hereby secured given by the MORTGAGEE or its svccesso+s or ass:g:u, aEiall operate ro re!ease, d~scharge, modify change or affect the orig,nal liao~t~ty of the MORiGAGOR here7n, either in whole or in part. 10. It is spec:ficaliy ag.eed that time is of the rssence cf this tontract and that no waiver of any obl~yat~on hereunder or of the obligation se- cured hereby shaU at any time thereafrer be heEd to be a waiver of fhe te~ms hercw! pr ef the instrument secured herby. ! 1. M add:t[on to tne for~o ~,q month!y paymems of princ pal arsd inrerest required by the prom"ssory nore secured hereby, mortgagor covenant= ~ ~nd agrees to pay to mo:tgagee v~~th eath monthiy pa~~.-e~t an add~iaonal s~m est~mared by mo~tgagee to be eq~ai to l, 12 of thc annual cust of the follow- n3: A-Alt rea~ property taxrs levred or assessed ay~i•~st the acove desa;~~d mal estate_ B-Premi~:ns on i~re and windstonn mw~ar.ce as nere:n requ:red ~o b_ ca~ried on the ~mproveme~ts s~tuate o~ the above d~scribed premises. C-Premw~r:s on zuch mortg;ge guar;nty icv~ra..ce as mortgagee shail frcm rme to time deem fit to carry on the loan secvred hereb~. Mortgagee sha~l from r~~ne to t~me noe~fy mor,g;gor m writmg of ti~P a,,:ount du~ and payabte hereundrr and such sum sh_R ri,erevpon be due and ~a~-abie on She doe darA ot the next month:y payment ar,d each successive month thereaf~~r ur,til mortgagee shalf notify mortyagor of a change in such ~-ount. $uch sums sFa:4 ~.;e appGed by mortgagee roward the payment of real property taxes, insurance prem:ums, and mortgage guaranfy insurance r~~emiums_ IN WITPJES$ '.':HEREOF, the sa~d MORTGAGOk s hereunto set his Far:d and seal the day and year first aforesaid. . ~ igned, Sealed and deii red in t presence of: , _ s - '~•-~c-• `~o~r ~ ~'r ~ - [~a~~ _ ~ Lindsay S. SLead ~~a~~ A - - ~ / (Seal) - -_1:_ir~,s~±~'GC~ _ ~ J ~ (5ea1) Si,;7E OF FLORIDA t Patricia Stead 7 ~OUNTY OF St_ LL~1Q ~ Before me personally appeared Lindsay B. SteB~d and PbtllCla St@~d his wife, to me well known and known to me to be the individ~ats described in and who txecuted the fwegoing instrument, end acknowiedged before me that they executed the same for the purposes rherein expresse~. And fhe said____ Patl'1Cla $t@~t~ J:~fe of the sa~d I_i~dSs~~C-B.~~EaL~ , upon a seps~ate and p~ivate exam~nat~on by ne faken sepa~ate and apart from her saed husband, acknowledged to and before me that ahe executed said instrument freA19 end volun- ~a:,;y and wlthout any compu:sion, constraint, appreh ns n`~or fear of or fram r said sband. o " . WITNESS my hand and officiaf seat thSs__ ' day of____ p.~'jq,~ 72 ~ r - ~ . ~ Notaiy Vublic in and r t Stati of f{ori at l;r~ My Comm~ssion expires: ~'r~ f? ~ ' Ret~rn io: _ '7 ~ er . : ~ _ _ First Federal Savings 3 loan Associat~on : ~ - . ~ ~ ~Z7 ~ Of fort P,~,~.,, u.: J e , Fort P~erce. Florida ~ ~ ~ _ _ fILEO A~~ RECOROfD ~ ~ F.~ ~ ST. LUC1E COUMTY FLA. 5'.~'. RaCiR FOITRAS I~~'"'"' ~ CLERK CtCCiJlT COURT ~ This Instrument Prepared By D. R, Noletger RECOP.~J YERIFIEB First Federal Savings 8~ Loan Association of Fort Pierce ~ Florida ~ ~5 ~1 41 ~'13 ~ Checked By O aooK 2 9 ~~E 2925 ;~~sss ~ - ,