The URL can be used to link to this page

Home My WebLink About2315 3. To ptfce and con~i:,vou~ly keep on the b+~;'d:nga ncw a Aereat~er situaM on said land and on ali eyuip~n~nt and psna.~lly corr~ed by Ihis mw~g- sg~, wi~h ~II premiuma thereon pd~d ir. tult, f~re inw~ance in ths uswl s~~~dard pot~~v iwm, in ^ t~m eNWorad ~y the MOR~GAGEE, a~d w~nditc+rm ~~surMC~ in iM viwt srar+dard pot,cy fwm, in ? tum approved by ~h~ MORIt'iAGEE, in wch canpany a compan;es u ~he MORTGAGEE may d~~eu; and all iG~ and w~ndiarm insw~nc~ pol~c~ri on ~ny o~ sa~d bu,ld~nys, a~y irirores~ the~~in or ;,ar~ ~hercof, in ihe +flgrcya+a sum ~foresa~d w ~~ccesi IAereol, tM11 contain thc vival sNndard matg.?9ee c~ause a t~cF~ o~F~er claus~ u ~he A~tgagea may requ.r~, makirg ti+e ioss w~drr aa.d polt c~es, exb and tvery, paYab!e to se~d l.1QRIGAGEE as :ts ~n~erest may ~ppear, and each and every sucA poi~cy shall be promp~ly a~s gnc<I ~nd de~~verrd ~o •ny he+d by ~a~d 40RTGAGEE as (ur~twr secur:ey ~o aa~d mor~9sg~ dcw, end, no~ Ies~ ~Mn ten (10) dsya in adrance of tha r+~piraunn oi aach polecy, to de- ~~Yer ~o said MOR(GAGEE ~ renewal tF+crro/, eoqe~lw wirh a receipt for the p•emium ol s~ch renewal; u+d the:• shail be no f~re o~ wu~dseone i~~uranc~ placed en ~ny ot said bv;td~ngs. ~ny inrerest tFure~n or parl thcreof. u~lesa in ~he form and wi~h the tou parable as afwesaid; and in ~he evem any s.:m of mpn~y pecor,~ payabie under such policy a poL•cies said A10R~GAGEE sha(1 havs the op~:on ro recr~ve and apply the same on acco~~nt of the indabt~~d- nr» secwed hereby a ro perm~t sa:d MORTGAGORS to receive and use it p any part ~Aeteol to. o;n~~r Hu~EJSC3, YIJ~14Jt ~h:r. o~ w.:~.L~~ c~ u«~w,r- ing any equ~ty, licn p r~hr u~~d~v a by ~irrue o~ this mo:!gage; u~d in ~he evaM sa~d MORICaAGORS sha~l fo~ any ~eason fait Io kerp the sa~d prem~~es so fnsured, w fail w deliver promptty any of sa~d pol;cies of iniu~a~ce 1o sa~d MOFTGAGEE, w fail promptl~ to pay f~:ly any pre~~~~um therefo~ w in a~y respect (eil ro pcr(orm, discharge, e:rcute, eflcct, con.plrte, comply with and ab~de Gy this covenam, a any p,ut hr~coF, said M02TGAGEE mey piace a~~d pay for such iroursnce w any part thtreof w~thout waiving or affecting any opl:an, lien, eQuiry, or right un~ a ~y vi:rue o1 this Mwtgayr, and the t~ll amo„nt of escA and every such paymrnt shall be immediately due and payable and shaU beu int~res~ f~om 1hs due thereof until pa~d a~ ~he ra~e oi ~ine per cent.:m pea annum ar~d to~rthrr witA such inee~est shali be srcured by the litn of Ihis mortgage. 1. To permit, tomrnit ot sufte~ no wa:te, impsirrnent a dcreriwaripn of said property w any part ~hereof. S. To pay all a~d y;r~gul~ the costs, charges and expenses,'tiKludiny•a reasonabk attancyi fee and costs of abstratta ot title, incurred o~ pa~d at any time by sa~d MORTGAG:E, bccaux or in the evcn~ 01 the fa~lwe on the part o( ~he s~id MORiGAGOR ~o du~y, prat,ptly and futly per(orm, d~scharge. executa, etlec?, comp:ete, comply w~~h and ab.iie by sach snd every. the stipuls~wns, agreen~cnta, cond~uons, and covenann o( sa~d p.an~sso~y rto~e and ih;s _ mwrgage any or e~ehe~. a~d sa:d costs, charges and expenses, each and evmy, shall be immediately due s~d payable: whe~Fkr a not ~here be norice d~s mand, a~tempt to collect or suit prnd~ng; and ~he full amount of each and every wch payment shat! bea. in~e~es~ from ~i~e da~s thereof unt~l ps~d a~ ~he .a~e of r.;rx centum pzr a~uwm; atw ali sa~d cosrs, cha~ges a~sd ex~rn:es irKurred p paid, logr~her w.th such interesf, shall be set~~ed by the tien of th~s mortg~. 5. That (a) i~ the eve~r oF any breach of tF,~s MortgsQe or defauU on the part of the MORTGAGOR, w;b) in the event ~ny oi sa:d sums of moa?ey F:£fl~~1 TlfN(!d 10 b! not promp~ly and fully paid within ~h~rry ($p~ ~ays nexr rfrer the same xve~ally beconu due and payable, wiiFwut demand or t?otecr, or ic3 in the event each and every the stipu:aeions, agreemmts, condu~ons a~d covenanti of sa.d promiuory note and th:s mortgage a~+y w enher are no! ~u:y promptly a~d fully performed, d:xharged, executed, eifec~ed, compkted, compl~ed with and ab~ded 5y, ttKn in e~ther o~ any svch avent the sa~d ag gregare sum meneianed in sald p+omissoiy nore then remaining unpaid, with iniereit accrued, and atl mo~eys secured F+ereby, shall b¢cwnr due and pay- aC!a fo~ihwith, or thrreai~e~, at the oprion oi sa~d AtOR7GAGEE, aa fully and comple~ely as if aIi of fhe sa~d sums cf mo~ey were dginally st~pu:ated to be pa~d on svch d:y, anythiag in sa.d pran~ssory oote or in this Mortgage to the tort?rary notwifhs~andu~q; and thereupon o~ thereaftev a~ the opuon of sa~d MORTGAGEE, without norice w demand, suit at law or i~ equ;ty, therefwe w thereat~er begun, may be prosecuted as if all moneys secv~ed hereby nad matur~d pr~o~ lo ~ts inst~tution. 7. That in the event rhat at the beginni~g of or at any time pend~~.g any w~t upon th~s Mwtgage, or fo fo~eclose if, a to refwm iL or to cnforce pa~ .knt of ~oy claims here~nder, said MORTG~?GfE shall apply to the Couri having ~ur~id;ceion ~hereo( for the appo:mment of s Receiver, such ~o~rt shail fcrrhwith appant a rccciver of said mortgaged property all and singula~, includ~rg all and singvlar the income, prof~ts, issucs and revenves ~rom whatever s.~~rce derived, each end every of wh;ch, it be~rg txpressty underseood, is hereby morigaged as if spec~fically set fa~h and descr~bed in the gran?:ng and habendvm davses hereof, and such Receiver shall have all the b~oad and effecfive func~~ons and powers in anyw~se env~sted by a Court to a Recniver, and s: ch appoinrmcnt shall be made hy such Court as an adm~~tcd equity and a matter of absolu?e r:ght to sa+J MORTGAGEE, snd w~~hovt reference to the adeq~acy a inaoeq~acy of ~he valve of the property mo.tgaged a to the so~vency or ~nsotvency of sa~d MORIGAGOR a the ciefendants, and rhat such ra~*s, protits, i~cane, issues and rr.enues shall be appl~ed by such Recriver accord~ng to the lien w equity of sa~d MORTGAGEE and rhe practice of such Court. 8. To duly, promptly and (ully pertorm, d~scharge, e:ec~te, effect, cor~!ete, comply w~th and abide by exh 6nd every the stipulations, agreements, conditians and covenants in sa~d promissory nore and this mortgage set fath. 9. That in the event the owncnhip of the mortgaged premises, or any part tf~ereof, becomes vested in e person other than fhe MOR7GAGQR, the 1t10RTGAGFE, its successws ~nd auigns, may, witFwut norice to the MORTGAOR, deai with svch succeuw w successor in intereat wi~h referenie to +his r.,o,rgage and the deb~ hereby secured in the same manner as w~ih ~Aortgagor w~ihout in any way vit~ating or d~scharg~ng 1he Mortgagors' tiability herr under w ~pon the de6t hereby secvred. No sa;e oF the premises hereoy mortgaged and no forbtara~+ce on the pan of the IAORiGAGEE a its successors or assigns and no eare~s~on of the time for the payment of the debt hereby secured given by tFx MORiGAGEE o~ its successors or au~gns, a+wll operate to retease, d~xharge, mcdify c`.sr+ge or affe~t the orig~nal Iiao;l~ty of the M.ORiGAGOR herein, eiti~er in whde or in part. 10. It is spec+fically agreed that time is of the easence of ~h~s conrracr and that no wsiver of any obligauon hereunde~ or of the obligation sr cured h~reby sha~l at any time rhereafter be he:d to be ~ wa~rer of the terms hereof w of the instrument secured herby_ 11. In a3d.t,on to the foreyo:ng rnonthly payments of princ'pat aad intMest requered by the promissory nore secured he~eb~, mortgagor covenants and agrees to pay to mortgagee with each mo~thiy pay~nem an :dd~~iona( svm est:ma~ect by mwrgagee to be eqoal so 1;' 12 of the amrua! cost of fhe foUow- ,n~: A-All real property ta:es levied o~ assest~d aga~nst thr above dsscri5ed real estata B--Plt'!.^.~L:TS O~1 f~re and windsto~~n ~nsurar:ce as her~~~ reyu:red to be car~icd on t}w ~mproveme~ts s~tvate on the above descr~bed premises. C-Premiums on svch ~r:~rtgage guaranty insvrar.ce as mortgagee shatl from t~me to rime deem fit to carry on the ioan secvred Y~ereby. Mortgagee sha%I from f~:ne ro r1~x notrly r ortgagor ~n wr;t;ng of the amovnt dv~ and payable hereunder and such suwz s~all thereupon be due and c ~~ab~e the dve date of the ~e,et monrhty payment and each svccessive m~nth thereaftsr uctit mort;,acee shall notify moregagor of a change in such ,°ount. $uch sums chaii bc .~pF.~;ed by mortgagee :oward the payment of reat property ta:es, insurance p~em.ums, and mortgage guaranty insurance p•emiums. ~ IN Y1ITNESS YJHEREOf, the sa:d MORTGAGOR has hereunto set his hand a~d seat the day and yesr first aforesaid. - S~gr~ed. Sealed and delivered in the preser+ce of: 1 ` ~ 1 ij ~ h - ' ~'t•/~ Mvr t1d A. R~zaer (SeaO - (SeaO , ~ • i ~ ~~~'Y~-~i _,(Sea~ J n T. Far~er STATE Of FIORIDA ~ ~ourm oF _ St . Lucie 1 Before me pKSOnally appeared Myrland A. Ra tmer oan . a zter ` a"d his wife, to me well tnown and known to me to be ' rhe end;vSdua'a desvib~-d in and who exewted the foregoing instrument, and atknowtedged before me that ihey executed the same fw the pvrposes rhe~ein expressed: And the said Joan T. pat=@1 +~~fe of the uid _ MVtl811a A. Far~er ~pon a separate and p~ivats e.amina:ion by me taken separate and apart fron her said h~sband, aclu+owtedged to and before me that sF~e executed said insrrument (reely and volurt- ra~,~y and wifhout sny com~uision, constraint, apprel?E s~ p, or fear of a from her said husband_ WITNE55 my hand and official seal thi~ day of March A. D..19 73 ~ ' 1 C.~~~l.iG s t ~ Notary Pubt~c in snd tw e State c~f o;iJs' iT't~r9ib j~. My Commiuion expire ~ " , ~ Retvm To: _ : • ~ , J . ~ First Federsl $avirgs b loa.; Assy_iation : ~ ~ " M~A~ ;51.'1+~"P of RORfBiA ai~(;E Of fort v;e.ce_ MY COA!8R $1~~ Forf Pirrce. floriJa / Bon~ad Thr~ ~ ~~)f ~l ~ hE~IRE~ D~awN~.~s. fKfD ah' rzCORCED ~ 2-, 9- 7S' iT.LOC1£ t~1U111~ FUL • ~~~'P;T~ This Instrument Prepared By D. F. Holezger ROCEF ~:~T~aS ~ First Federa) Savin s 8~ loan Association rCnfRK ~~'C:1tT COUATn~( 9 R_r FB +%:•".fD_..~.._w_ of Fort Pierce s Flor~da ~h~ke,, By M~ut tZ 9 i9 aN'73 24939f, R 211 Pact 2313 9QOK sb ~ - . . - - - _ _ _ T . _ - ~ ~ < s ~ ~.~s~.~~~ ~ ~ ~ .