The URL can be used to link to this page

Home My WebLink About2057 9. To plac~ ~nd continuously 4e~p o~ tM buildirps iw~w or h.reafr.. u~wn on u~d ~+nd and on a11 squ;pm.m •nd psn«,ally co~aed by d+~~ marg ap~ wi~A sll pem;vms tAereon pa~d in fuil, fir~ iniu~~nc~ io tM usual suai?~d poticy (orm, in • sum approved by th~ MORTGAGEE, and w~ndstorm Inwranc~ i~ tM uswl ~~andud pol~cy tam, i~n a ivm ~pproved by the 1NORTGJIGEE, in wch company w compsnie: ~s tFN MORTGAGFE may dinctj and ~il ii~~ and wir~rorm inavrar+a polici~s on u+y of ~aid bv~WN+p~, ~ny u+r•r•~> >h.~•in w p..t ~M.eof, i~ 1M aQyreyaq wm afastaid w in ~xcas ther~of, sMll contain tM uswl st~ndud ma~9a~ claua a such o~hx cta~s~ u ~M Matpa9N may req~i~~, makinp tM Ios~ unde~ ~a~d poti~ cie~, each ~nd ~v~ry, p~yabl~ ro taid MORTGAGEE as ib iete~esr may app~ar, and sath and ~w?y such polity shall b~ promptly sa~.q~ud ar+d delivered ~o any F~sid by said MORTGAGEE ~s fwtF?k securiry to iaid matya~~ debt, ~nd, not leu tMn ten (10) d~ys in +dvanc~ of the •xpir~tan of each polity, to dr liv~? ro uid MORTGAGEE a r~newal th~rwf, topHFw~ with a r~teipt for 1M pr~mium of s~th ~~newatj and tlrer~ shall b~ ra firs a winditam insurance pl~ced on any of aid bvilding:, any Fm~nst thsn+n ar pwt tM~~of, unkss in tM fo~m and with ti+~ loss pay~bk a~ ~lortisid; u~d in ~M event any sum of mon~y becom~s payabla uods~ such policy w poiiciK said MORTGAGEE shall h~w tM option to nceive ~nd ~pply tM same on account o/ ~he indebred~ neu s~tured FKr~by p b perm+i ssid MORiGAGORS to reteiw and v~ it q any pait thereof fw other purposes, wl~hout Ihereb/ waivi~ig o~ ~mpair• iry a~y pviy, lien or ri9ht under or by vi~tw of this mwtpapr, and in tM ~wnt s~id MORTGAGORS iheU for ~ny reason fail ro ke~p the a+id premisei so :nwred, or fai! to delivev promptly any of said policies of inw~~na to said NWRTGAGEE, a/ail prompNy ro pay fully aoy prem;um therefw o. in any retpett fail b pNforny distlurg~, execult, fffKt, compl~t~, comply with Md abid~ by this cove~ant, p u?y patt he~pi, ~aid MOie1GAGEE may piate a~:d paY fw such 1ns~ranc~ w~ny p~n tFureof without waivinp w aN~cti~p ~.~y oplioe?, li~n, eqv~ty. or ~yh~ under o? by virtw of tl+i~ Mcxtgpe, and the full amoum of each ~nd ew~y auch p~ymsnt shall bs inwnediately dw and pyabt~ and shatl bear i~tueit from ths date ~htrcof v~til paid a~ the rat~ oi nine per centum per arxwm and together with ~uch interest :h~Il be secvred by tM lien of lhis mort~ape. 1. To pKroit, canmit or suffer ~o waste. impa'ument or de~erior~tion of isid prope+ty or any pah thcreof. S. To pay ~II ~nd sir~yulu tM tan, charpes and expenses, includ~nq • re~so~abl~ morney's fa~ and cost~ of abstnds of tirle, incvrred or pa~d at any time by said MORTGAGEE, becavss or in tF~ ~vtnt of Ihe failurs on the part of tM said MORTGAGOR to duly, prompNy ~nd fully perform, d~uharge. execute, effect, complete, comply with and ab~de by e+ch and every th~ itipvla~ans, preemenq, conditio~s, and mvenanb of said p~omisswy note and this mwtpa~e any or either. and s~id coib, cMrp~s and ~xperws, wch snd ~vary, slwN b~ immadiat~ly due ard payabls; whe~her w not there be norice de r~ind, ancmpt m collect or suN p~nd~np; and tM full amovnt of sach ~nd ev~ry svch paym~nt ahall beu interest f~om ~he dats ~hereof u~~il p~id ~t the rare of nine pe? cenrum per snnum; and all ~aid costs, cF?aryes and expensea incvrr~d or paid, togethtr with such i~ttrest, shalf be tecured by the 1'+en of fF~iu rr+ottyay~. 6. 11ut (s) in tF~e ~rent of any breach of this Mwtpa~ or default a+ the part of ths.MORTGAGOR, w(b) in the svent any of sa~d sums of mo~+sy herein refen~d to b~ not promptly and fully paid within thirty (30) dap next afte~ the same teveratly becom~ dw a~d payable, withOUt dtm~nd Or fWfiGt, or (cj in the event each arsd every the stipulario~, agreemsn?s, conditio~?s and cown+nn o} said promiuory noh a~d th~s mortpape any a e~ther +re nW iuty, prompUy snd f~lly performed, diuMrped. execured, tffected, completed. complied with and ab+ded by, then in either or any such event tM taid ag gregate wm mentioned tn s~id promisso~y rqts the~ remaininp unpaid, with interest accrued, a~d a!! moneys setvred hereby, aF?all becane due and pay- ebie fathwith, u thereafter, st tM option of said MORTGAGEE, as fvlty and comple~ely ~s if all of the said wms of money were aiginally sNpulated to be pa~d on such day, snythinp i~ ssid promiuory rate or in thia Mat9~9e to tl+~ contrary notwithst~ndiny; and fherevpon o~ thtreafter at the oprion of sa~d r4tOR7t'sAt'afE, w~tha~-t rwric~ ar drmar.d. sue! at !aw er in eqv'sty, thc~efwe a thereaher begun, may be proascWed ~s if all moneys aec~red hereby had matu~ed (xrot to iri inilitution. 7. That in the eveM that et ths beginning of or ~t any tim~ pendi~g any wit upw~ thi~ Mwtgage, a to fweclose it, or to reform it, w to e~foroe paymcnt of any ci~ims hereunder, said MORiGAGEE shal) apply to the Court hariny jurisdiuion fhereof fa tM appointment of ~ Receiver, s~ch Co~M shall fwthwith sppoint a receiver of said mortpsged propsrty all ~nd sinpular, includ~ng all ~nd singul~r the income, p~ofits, iuues and revenves from whateve~ cource derived, e~ch and evcry of whKh, it beinp ~xpreuly ue~de~itood, is hereby mortgsged as +f apecifiuNr aet fwth and desuibed in the grs~ring ~nd habendum ctauses hereof, end such Receiver shall Aave all the brosd ~nd effective funct~ax a~d poweri in ~nywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admined equity snd a matte~ of absoluts right to ~aid MORtGAGEE, ~nd wifhout roference ro the adequacy or inadeqwcy of the value of the prope~ty mortyaQed o? to the soirency a insolvency of yid MpRiGAGOR a ths defendants, and that such renrs, profin. incorne, issues and revenuss sMll be applied by tuch Receiver accadinp to the lien or pyity oi said MORTGAGEE and the prattice of such CouA. ~ 8. To duly, promptly ~nd fully perfwm, d'achargc, execure, effec?, complete, comply with and abide by esch e~d every ths stipulations, syreemenn, condiYans and coveiunts in said promissory not~ snd this mortgsge set forth. 9. That in the event the ownenhip of the mortgsyed premises, w any part thereof, becomes vested in a person other than the AhORTGAGOR, the MORTGAGEE, ib succeuors and suigns, may, without notite to the MORTGAOR, deal with such succeuor q svccessar in interest with reference to thia mortgage a~d the debt hereby seturQd in the ssme maix~er as with Mortgago~ without in any way vitiating a dixharging tF~e Mortgagors' liability Aere- under or upon the debt hereby secured. No ssle of fhe premises hereby mortyaged and no fwbearanoe on the pan of ths MORTGAGEE or irs successors or auig~s and no exrension of 1he fime for the psymeM of tMe debf he?eby sccured piven by the MORTGAGEE or its s~rccessors w auigro, .hall operate ro releue, distharge. modify thange a affetl the wginal li~biliry of the MORTGAGOR F~erein, either io whole ot in put, 10. It is spet~ficatly agreed that time is of the euence of this contract and tf?~t no waiver oi ~ny oo~~gaiion ne,eur~e; w o; 7-,0- o:;y:;'„-„ ;a. cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof p of the inswment secured herby. ~ 11_ !n additio~ to ihe forego:ng monthly payments of princ'psl snd interest required by the promiuory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each mo~thly paymcnt ao add~~ional sum estims~ed by mortgsgee to be equal to 1/12 of the annual cost of the follow- ing: A-Ait reat property taxes lewied or assessed against the above•descrebed resl eslate. B-Prem~ums on fire and windstorm insurance as herein requ~red to be carried on the improvements sit~ate on the above described premises, C-Premiums on such mortgage guaranty insursrce a: mortgsgee shall from time to time deem fit to carry on the loan secured hereby. Mdtgagee shall from time to time notify mortgagor in writing of the amount due ar+d payable hereunde~ and such sum sha!! thereupon be due arxl Fayabie on the due date of the neaet monthiy payment and each successive monlh there~fter until mortgagee shall notify mortgagor of a change i~ such amount. Such sums shall be applied by morigagee toward tht payment of reel property taxes, insursnte prem:ums, and matgage guaranty insurance premiums. IN WITNESS WHEREOF, thc said MORTGAGOR Ms hereunto set his hand snd seal the day and sr first aforesaid. r;Signed. Sealed ~nd deli in th rese~ce of ~ ~ ~ ~ •n Bl zabeth K. Bzoxey ~,q t~aq ' ~ (Sesly t S FLORIDA ~ ' St. Lucie E couNrY oF ~ ; Before me personally appesred _ ~Z1Z8~th K. BZOXey(~ a widnw E ~ to me well known and knovv~ to me to ba rhe i~dividuaDC desc.7bed in ~nd who executed ths fae9oinp instrum~nt, ~nd ackrwwtedged before me tha8~ executed the same, fw ths pkrposea ~ rherein expressed. ~lOrl~l~iOL ~ : :y: : 7b1Q~id0[ f : • WITNESS my hand and official se~l thi - ~'ay D:~19~.,=, ~ ~ : Notary Pu61ic in ~nd t Stste of id~•~1,LicQe'~~~ My Commiasion ~xpires: S T!~ ~ ~ ~ Retum To: • ~ ~ . ~ Fint fedcral Savings 3 loan Assoceation Of Fort P~erce. Fort Pierce, Florida RECOROEO Fl~Eo ~N~ ~ - ST.~UC~E~ ~~~a~?S~~ a0C's ~„'u1T COURT ; This Instrument Prepared By Richard K. Kayes af.CQR~YCf~~~~'~ 3 First Federal Savings b Loan Association a of Fori Pierce ~ F2orida fEe 5 8 4a AN 7 : Checked By ; 2 '7~.59 ~ '~S~RM 2~0 PAfE ~~~5 4 ~ i ~ _ - - - - . =n ~ ~ ~ . _ . , . ~ _ r . _ e _