The URL can be used to link to this page

Home My WebLink About0144 To piace and cominuously keep on ~he bui!d~n0~ ~ow a hereaft~r ?itwt~ on f~id I~nd ~~d on ~II equipm~nf ~nd p~+~onally tovN~d by this morf¢ ap~. witA a!1 p~~miums thacon pa~d in lull, i~re insur~nc~ in Ms u~uat stand~rd policy fam, in a sum approv~d by ~M MORiC~AGEE, and wi~ro~~n huwance M~ ~M vfu~l t~anda~d pol~cy fam. in a ~um approv~d by tM MORTGAGEE. M s~ch canpany a comp~nin u ti» MORTGAGfE~ rnay dindt aed alt (Ir~ and windsWrm insuru+ca POIiCNt on ~ny of aa~d buildmp~, any iro~r~~t tMnio w pa.t ~Mrwf, in tM +p9rcQaq wen dor~said w In txcn~ therto(, sMll contain the uswl srandud mort~s~H ct~use w avch o~ha clauw a~ Ih~ Ma~ya9e~ may ~equ~r~, m~kinp tM loss ~ndM s~~d poli~ cits, eath and wtry, payabl• ~o said MORTGAGEE as ifs imerett may ~ppear, and e~d+ ~r+d tvery tuch policy shall bs promptly au.yned and delive~ed ro any held by faid MORtGAGEE as (ur~he? security to said matp~ge debt, ~nd, nol ku tha~ te~? (10) days In +dvsnc~ o( tM expiralron of each polity, ro dr IivN 1o uid MORTGAGEE a re~+ewal tFKreof, toqet}?N with a raaipl fot th~ prtmium of such r~newal; and the~~ ih~U be rq I~re w windsrwm insv~anc~ pl~c~d on a~y ot uid buiWirys, arty interett tAerein a par~ therwl, unlsu in ~h~ form ~nd with tM lou payabt~ a~ afaesaid: ~nd in th~ ~~ent any wm of money becomea peyable under such policy or policies ~id MORTGAGEE shall haw ths option to receive and spply the same on account of the indebted~ neu setured MrQby w to petmit said MOR~GAGORS ro receive ~nd us~ it p any part thereof fa oti~e~ pwposrs, withouf th~~co~ wairi~y a~mpair- iny any tquity, lien p righ~ undrr a by virtue of Ihis mortgage; ~nd in the evenl said MORTGAGORS shatl for any reaw~ iai) fo keep Ihe asid premises so insured, pr }ail to del;vpr promptly ~ny of said policies of i~suranct to said MORTGAGEE, a fail promptly to pay iutly any premium thereto~ or in any respect f~il to perfwm, dischsrge, exrcute, e1~ed, complete, comply wi~h and abide by this covenant, w ~ny pa~1 hcreof, ~aid MORTGAGEE may p?ace u+d WY fa such insurance o~ ~ny part thereof w~thout waiviny or affectirg ~~y option. li~n, equity, ot right u~det w by virtue of this Mwtgaqe. 1ha full amount of each and every such paymem shatt be iinmediarety dw and payabl~ and ahaU bea~ intereat from the date therao( uatil paid at the rats ol r.ine pe~ tentum per annum and to~eiher wilh such interest shaVi be secured by the litn of Ihis mort9sge. 1. To permit, commit or suffer no waste, impairmeM or deteriqration of said pioperfy or any psA thereof. 5. To pay alt and singular the costs, charges and axpenses, including s reesonable attwney's fee and costi of ab~tracri of tiNe, incurred or paid at any time by said MORTGR.GEf, because or in the event o! the failure on tht pait of the said MORTGAG~pR 1o duly, promptly and fully perform, d~uMrqe, execute, effect, complete, complr w~th and ab:de by each and every the stipulations, sgreements, conditans, and covenants of seid promissory note a~+d ~ha mortgage any a either, and u:d costs, chargca and expenses, exh and every, sMll be immediately due and payabte; wherher p not thers be norice d~ mand, attemp/ ta colkct or svit pend~ng~ and the full amount of each and every such payment thall bea~ interesl from the date thereof until p~id at the rale Of nine per cenrum per annu.n; ane' all said custs, charges and ex~en:es in~vrred a paid, togethe~ with such interest, sFwll be ~ecured by the lien of fhit mortQspe. ' b. Thaf (a? in the event of any breach of this Mortgage o~ default on the part of the MORTGAGOR, or (b) in the eve~t ~ny of said ~ums of mor~ey herein referred to be not promptfy and fully paid within Ihirty (30) dayn nexl afte~ the same several~y become due +nd payable, withovt demand o~ notite, or (c) in the event each and eve~y ~he stipulatioas, agreeme~ts, cond+'tions and covenanrs of sa:d promissory note and th~s mortgage any or ei~her are nol ~uly, promptly and fully perfwmed, d~uharged. executed, effected, compkted, compGed w;ti? and abided 5y, then in either w any such event the said ag gregate wm mentioned in said promissay note then remaining unpatd, with interes~ accrued, and alt moneys secured hereby, shall become due ar~d p~p abls forthwith, or thereafter, at the op~;on of said MORTGAGEE, as fully and completely as if all of the sa7d sums of money were w~ginally stipulated to be pa~d on such day, anyfhir+g in sa:d prom~ssory note a in this Mortgage to the contrary notwiths~anding; and thereupon or thereafter at the op~an of satd MORT('iAGEE, without norice or demand, suit at law a in equity, thereFwe w thereafter begun, may be prosecuted ~s if all moneys secured hercby had matu?ed pnw to its institution, 7. Tha~ in the event that at the begi~nirg of or at any time pending any suit upw~ this Matgage, or to faeclose it, or fo reform it, w to enfwoe payrrKM of any ctaims hereunder, said MORiGAGEE shalt apply to the Cour~ having ju~+sd;crion thereo( iw ~he appo~ntment of a Recei~rer, suth CouA shall Forthwith sppoint a receive? of said mortgaged property all and singular, includ~ng all a~d singular ~he income, p~ofils, iuues and revenves froro whatQVer source derived, each and every of vrhlch, it being exp~essly unders~ood, ia hereby mor~gaged as if spec~ticalty set forth and dexribed in the granting and habendum clauses hereof, and such Receiver shall have all the bruad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and i~ch appointment shall be made by s~ch Court a: an admitled equity and a rt+atter of absolute right to said MORTGAGEE, and without referentt ro the adequacy or inadeqvacy of the valve oF the p.o~erty mwtgaged or to fhe sotvency w~nsolvency of said MORTGAGOR or the defendants, and that wch ren*s, profits, income, issues and revenues shall be applied by such Receive~ accord~ng to the lie~ or eqvity ot wid MORTGAGEE and the prattice of such Court. 8. To duty, promptty and fuliy perfwm, discharge, execute, effect, compfete, comply w+th and abide by each and~eveiy the stipulations, sgreemenri, coriditions and covenants in sa~d promissory note and this mortgage set forlh. 9. That in the event the ownership of the moetgaged premises, or any parf thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successws ar.d auigns, may, without notice to the MORTGAOR, deal with such succeuw w successor in interest with ref~rence to thia mor~gage and the drbt he:eby secured in the same manner as with Mortgagw without in any way vitiating or discharging the Mortgagors' liability herr under w upon the debt hereby secured_ No sale of ?he premises hereby mwtgaged and no forbeara~ce on the part of the MORTGAGEE w its wtcesson or au~gns and ~o exrens7on of the time for rhe payment of the debf hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate to release, discharge, modify change or aftect the original liabi{ity of the MORTGAGpR herein, either in whok w in part. 10. It is specificalfy agreed that time is of the essence of this contract and that no waiver of any obl;gation hereunder ot of the obligaYan se- cured hereby shatl at any time th¢reafter be he!d to be a waiver of the te~ms hereof o~ of the instrumeM secured herby. 11. In aJd~tioa to the fwego:r.g monrhly paym,nts o( princ'pal and interest required by the prom~ssory ~ote setured hereby, mortgagor covenants and agrees to pay to mo:egagee v.ith each mo~thiy ~,ayrnent an add~~ional sum est~mared by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-Att real property taxes tevied or assessed agai~sr thc above desuibed real estate. . B-Prem~ums on fire and windstorm insurence as herein requ;red to be carried on the improvements s~tuate on the above desuibed premises. C-Premiums on such mortgage guaranty insurance as mo~tgagee shaH from time to time deem fit to carry on tF,e loan secured hereby. Mortgagee sha!I from t~me to time notiiy mortgagor in w~iti~g of the amount due and payabte hereunder and such sum shalt thereupon be dve and Fayable on the due oa~e of the next monthly payment and each successive month ti~ereafter urtil mortgagee shall notify mortgagw of a change in such amount_ Such sums sFall be apptied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage g ranty insurance premiums. IN WITNE$S ~7HEREOF, the sa~ MORTGAGOR has hereunto set his hand and seal the an year first afor id. " Signed, Sealed and de!iver ' the presence of: ~ . . - n ~ Mic el L. ~ r p • - n Tonda K. owler ~ SiATE OF FLORIDA ~ - counn oF St . Luc ie ~ ~ ~ Befae me personally ap, eared Michael L• ~ Rowler i 2onda K. Fowler ' his wife, to me well k~own ~nd knawn to me to be E the individuals described in and who executed tF~e fwegoing instrumenf, and ackrwwtedged before me that they executed the sarr+e fw the pwposes t therei~ expressed. And the said K. RO~l@= ' wife or r~ :a,a - Michael L. Fowler - upon a separate and priv~te ~ examination by me taken separate and apart from her said husband, acknowledged to and before rt?e that she executed said instrumeM freely and volvn- ~ tarily and without any compulsion, constroint, appre si fear of or he said husbsnd. f WITNESS my hand and officiai seal thiL d y of ~rCh ~ SP, D~ 19 73 - _ , Notaiy Public in and for t State ao ~ 4~ ~cpe - " My Commiuan expires: . - Return To: - . ~ - • , Firtt Federof Savings 16 Loan Associat;on .~A~a , _ Of fort P;erce. ~[A~ ~r : For. Virrce. Fio.~da M1~ COMy11SS10M Q(p~1 $~~^•jtj~,: c; _ 6onaw rnru 6~nerar-~~yri.ca unee~rHters.• ~Z fiLED ~t~i aEC~RF~EO - a 9 - ~.y ~ .,'t ~ ST. LUCc~ C~1uMTlf FIA. ~ ` P Y Johl~ W. COl~~ aO~En =~~?TR1?S ~ This tnstrument Pre ared B ~EFK C: .~lJI. C~URT . ' First Federal Savings & Loan Association °ECOQn ~FtFD ` af Fort Pierce ~ Rlorida ~ MNt 19 4 ~5 P!~'73 - ~ Checked By ` 2499'75 ~c~~ ~ ~ i ~ I sb I - ~ K~',, , - - - M~,~ ...-..sV~~1 d'+Wx~~' ,y.9 -