The URL can be used to link to this page

Home My WebLink About0393 J. 1o plxt aod contin~ouily ke~p on the bui:d~~gs now a hereaha s~~uaN on iaid I~nd and or+ ~II cqui~unenl a~d ptrsp~~lly towrad bY this motl~ +p~, wi~h •11 prem~umt thrreo~ pe~d in full, f~re insur~nce in ~he usual ~andard po~Ky form, i~ a ~um ~pp.ovsd by tM MORiGAGEf, and wind~rwm ~n~wanc~ in tlw viwl ~r~~.dard po~.cy fam, in • sum arrp~oved by tM JNORiGAGEE, ln such compN+y u canpaniea as ~M MORTGAGEE may d'u~cts and all fir~ and windi~orm iniu~~nc~ policie~ on any of w~d build~n~~, any 1111f1~f1 iF10~f1~1 Of part Ihereot, in tM ~9grepate ~um ~ia~aid o~ in ~xcta thereo/, iMll con~ain rM usvel i~andard matpaye~ ctavie a iuch oihe~ da„s~ u tM Matyag~e may requ~r~, makinp rM bss urxle~ ~a~d po1F ciei, sach and ~very, pa~abl~ to said A1pRTGAGEE as i~i iroere~t may appea~, a~d each ar+d every fuch policy sMll be prompHy au g~ed and deliverrd to ~ny heM by said MORIGAGEE as further iecur~ty ~o sa~d ~~atQa9e deb~, a~d, not Icu tMn Nn (101 days in sdvance of the expiratio~ o~ each policy, to d~- (ivK ro iaid MORfGAGEE • renewal thereof, togetA~r with • racs+p! fw 1he premi~m ot ~uch re~ewal; snd ~hero shall be no f~re o~ wi~da~am insur~nc~ pl~ted on a~y ol said bvildingi, ~ny ~nterest tlxrein a p~~t thereo(, vnless in ~M form a~d w~~h Ihe loss payable as afaesaid; snd in tM event a~y ium of money becom~s payabte under such policy or pol~ues u~d MORTGAGEf :hatl Mve ths optah to rece+ve and apply fhe same on accounl of the indebted~ neu setured he~eby w fo pzrmif said MORTGAGORS to reteive and use it a any part the;eof fw otixr purposes, wi~ho~t ~h_.:i,~ waivi.n~ or ~n~pair- ing a~y cqu~ty, lien w right ~nder w by virtue of this mo:tgage; snd in the even~ u~d MORTGAGORS shati fw any reason tail to keep rhe said premi~r~ so insu~ed, o~ fait fo delive~ promprly ~ny of sai~ pol~cies of inaurancs lo sa~d MORTGAGEE, a fail promptly to pay fully any pre~»ium thercfor or in any resped fail to pa.fam, d~sthar9e, execute, efiect, comple~e, comply with and abide by this covenant, w a~y part hereof, s~~d MORiGAGEE may place a~~d p~y for s~ch insurance or any parl the~eoi withoul waiving w affectir?p any option, lien, equity, oa rigM under a by virtue of ~his Matgaye, and ~he full amount ot each and every such payment ahall be immediately due and payable and shall bear i~teres~ from the date thereof until paid at the ~ate ol mne pe? centum per annum and ro~eth~v with such inierest shaU tx secured by the lien of this mwt9age. To permif, commit or suffer no waste, impairmeM a dNerioration of aaid property w sny parf ihereof. 5. To pay a11 and singular the costs, charges and expenses, includir?p a?easonaWe attaney i fee and cos~s of abst~ads of title, incurred a paid at any time by ~aid MORTGAGfE, because or in the eve~t of ~he failure on the pa~t of the said MORiGAGOR to d~ly, prompNy and fu11y perfCrm, dixharge. ~xecute, etfed, comptete, com~y w~th and ab;de by each and every the stipula~ions, agreements, cond~tio~s, and covenanrs of said p+omi:swy note and ~his mortgaqe sny or either, and sa~d costs, charges and expenses, each and every, shell be immeaialely dve and payable; whether w not the~e ba norice do- ~ mand, attempt to tollect or suit pending; and Ihe fvll amount of eath and every such payment shall bea~ interest from the datQ thereof untii paid al the of nioe per centum per annum; and all said cosrs, charges and expenses incurred w paid, together w~th such imerest, shalt be secured by the lien of thw mortgage. b. That (a) in the ave~t of any breach of ~hia Mor~gage a default on the part of the MORTGAGpR, or (b) in the event a~y oi said sums of money herein referred to be ~ot promptty and lutfy paid wirhin thirty (30) days next af~er the same seyerally become due and payable, without demand or notice, or (c) i~ thr evem each artd every the stipulat~o~s, agreeme~ts, conditions and covenants of sa:d pro~nisso~y note and th~s mortgage any w either are ~w1 ~uly, promptly and futly perfom~Ed, d~scAarged, executed, eifected, compteted, complfed with and abided Sy, then in elther or any such event tMe sa~d ag gregafe sum menrioned in said promissory note then remaining unpaid, with interest accrued, and a11 moneys secured hereby, shall become due and 'pay~ ab~e fo?thwith, or thereafeer, at the optia~ of sa~d MORTGAGEE, as fuily and completely as if all of ~he said aums of mo~ey were originally st~pulated to be pa~d on svch d~y, anyrhing in sa;d prom~sso.y note or in this Mortgacje ?o !he tonlrary notwi~hstanding; and thereupon or lhereafter at the option of said MORTGAGEE, without notice or demand, suit at Iaw a in equ;ty, therefae a thereafter begun, may be prosecuted as if all moneys secured hereby nad owtured pnw lo +ts i~stitutior~. 7. Tha1 in tF~e event that at the 6eginn~ng of or at any time pending any svit upon this Mwtgage, w to fwetlose it, or to reform it, or to e~forte payment o4 any t~aims hereunder, said MORTGAGEE shall apply to the Court having juri:d~ction thercof for the appointment of s Reteiver, wch Court shall Forthwith appoint a reteiver of said mortgaged property all and singular, intt~d.ng afl arxf singular the income, profits, issues and revenues (rom whatever sourcc derived, each and every of wh;ch, it beiny expressty unders~ood, is hereby mortgaged as ~f specifically set forth and detui6ed in the granting and habendum ctauses hereof, and such_Beceiver shall have all the broad and efiedive funct~ons a~d powers in anyw~se entrusted by a Cov?t to a Receiver, and s~ch appointment shan be made by svch Court as an admirted equiry artd a mat?e~ of absolute righr to said MORTGAGEE, and without refercoce to the edequncy or ir.adequacy of the yat~e of the property mortgaged or to the soivency w inso~vency of said MORTGAGOR a the defendants, and that such rents, prof~ts, income, iuves and revenues shall be applied by such Receiver accord~ng to the lien or eqyity of said MORTGAGEE and the practite pf such Court,' 8. To duly, promptly and fully perform, d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditiona and covenants in sa~d promissory note and fhis mortgage set fatFi. 9. That in the event the ownership of ~he mortgaged premises, or any part tFxreof, becanes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such successor or svccessor in interesl wi~h reference to this n,ortgage and the debt hereby secured in the same manner as wiih Mo~tgagor w~thout in any way vitiating or d~scharging the Mortgagors' liabilify he~e- ~nder or upon the debt hereby secv~ed. Mo safe oi the premises I~ereby mor~gaged and no fo~bearance on the part of the MORIGAGEE o~ its successors or assigns and no exte~sion of the time for the payment of the debt here6y secured given by the MORTGAGEE or its successws or auigns, s~wl1 operate to release, dixharge, modify change or affect the original Iiability of the MORiGAGQR herein, either in whole or in part. 10, h is spedfically agreed that time is of the essence of this contract arsd lhat no waiver of any obligateon hereunde~ or of the obligation sr cured hereby shali at any time thereafter be held to be a waiver of the terms hereoi w of the instrument secured herby. 11. tn aod~tio~ to the forcyo:ng monthly payir.enls of princ pal and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee wrth each monrhiy payrnent an addrtional sum est~mated by mortgagee ro be equal to 1 j')2 of the annua! cos! of the follow- ing: A-All rea! property taxrs lev~ed or assessed agai•ist thc above described real es~ate. B-Prem:ums on f~re and wir.dstorm ~ns~rarce as here~n requ:red to 6e ca~*~ed on the ~mproveme~ts sitvate on the above d~scribed premises. C-Przmiums on such mortgage guaranty insura~:ce as mortgagee shaft from tfine ro time deem fit to carry o~ ihe loan secured hereby. Mortgagee shal! from time to rime natify mortgagor in writing of the amount dve and payable hereur.der and such surn sha:l thereupon be due and ~ayable on the due date of ihe next mq~thly payment and each s~ccessive month thereafser ur.til mortgagee shall no~ify mortgagor of a change in such a~.ouM. Suth sums sF.ai! E+e applied by mortgagee toward the paymenf of real propersy taxes, insu~axe prem:ums, and morigage guaraoty insurance premi~ms. IN Y~IiPJ:SS WHEREOF, tF~e said MORTGAGOR has hereunto set his hand and seal the day and yea first aforesaid. Signed, Sealed and d 1 er in the preser.ce of: . 7 . an rles Ba ber ~s~ - ~cz. rs~aq • rell Z~Z (Seaq S7ATE Of FLORIOA St. Lucie u- CCUNiY OP _ ~ ~ Befwe me personally appeared Cha rles~rbez Murell Bar r - his wife, to me well known and known to me fo bs . rhe individuals described in and who executed the faegoirg instrument, and ackrwwledged before me that they executed the same ~~c'.tlid~ ~'pOse~~ therein expressed. And the said ~rell Barber ~ < a~ife of rhe ~;a _ Charels Barber ~~'d~~~r~~~.••~••.~ examinatio~ by m~ taken separate and apart from her "d husband, atkrawledged to and before me that she executed said irKtr~ent ~eely,~! vblun~, v' tar;Iy and withoul any compu!sion, constraint, ap n f~~f or from her said husband. _-i ~ ,S ~ C~~ Y Marc _ p : ~ - WITNES$ my hand and official seal thi da of' 7 • . ~ - ~ : ~ ~ ~l - , ~ f` Notary Public in and for t State of a at~ pe : ;"~~j ' My Comm~ssion eapires: 1 ~ , • - ~ ~4 ~ , etum To: , . . ' • ,~~~r" 1 First Federal Savings b Loan Association , O4 Fo~t P~erce. NOTARY PUF~ 11., C-.1TC o! f1CP.lDA Et LARG~ Fo~t P~erce. Fiorida K~d~O~:' ' ='R~ i 1.4N. 7. l~ ..:(S Ii~SUf3Rt~ L'p. < <E~ ~MO~~c~R~~~ t~. LoclER v uN r ~ This Instrument Prepared By ~p~ RiChazd K. KayeB C~ a~R~~ ~ First Federal Savings 8 loan Association C~ERK CIRCUIT OOUIIt of Fort Pierce ~ Florida aFCORD YER~F~ED`~ Chefk R B ~ ~ 1~' ~0~ ~ SG~JK~,~ p ~G+~~9 ~ A~E 393 . . - js ,.,:_,x - . _ _ : - - - - - - - _ : I ~ `IK~z