The URL can be used to link to this page

Home My WebLink About0952 To place a~d con~invou~ly keep on ~he bui!dings now a he~eaf~e. s~tuat~ on said land and on ~it cquipmsnt and perio~aNy covered by thii mat~ pe, with ~II prem~ums theraw~ pa~d i~ full, (ire insurancs in the usu~i su~ds~d poticy fwm, in a sum ~pproved by the MORfGAGEE, a~d wenditwm in~wanc~ in tM usual ~~anda.d pol~cy fam. in • tum ~pprov~d by ?he MORiGAGEE, i~ tuch company w compuuy a tM MORTGAGEE may dir~ctt and all firs and w~ndstwm insuru~c~ polic~es oe~ any o( said bvild~nps, ~~y i~te~est therein or part ~Mrwf. i~ rh~ a~reya~e ivm ~fa~aid a tn ~xcea Ihereof, thall conrai~ IM u~~al standard matpapst claus~ o? such o~hsr cla~ss ~i the Mor~ya9e~ may requ~r~, m~4ir+p IM los~ unde~ taid po1F cie~, each and ewry. payable to :aid MORTGAGEE as ~~s int~est may ~ppear, ~nd e+ch and e+e.y such policy sh~ll b~ p~omptly a~~ gned and delivered ~o ~ny held by said MORTGAGE~ ss furrher security to s~id mur9aye debf, and, nW lea tiun f~tn (10) days in sdvance of the eapiration ol ~ach policy, to d~- I~wr ro said MORTGAGEE a renewal tM~eof, tope~her with ~ receipt fw tM pr~mium of such rcnewal; and ~here shall be no f~re a windito~m insuranc~ p~aced on any of seid buildings, ~ny intaest tl?Kein p put tMreof, unleu in ths form and with 1F?t loss payabt~ u afaesaid; and in ths •venl ~ny sum of rt~pity becpnes payabte unda such polity or pol~cies said AIIORTGAGEE shall have the op~~on to receive and apply ths same on accounl of the indebted~ , ness secured hereby w ~o permi~ ssid MORTGAGORS ro recaive and uss it p any part thereof fw ofher purposes, ~v~iho~t iherco,r w~i~ing w~mpair- ing any equ~ty, lien or right unde~ or by virfw of this mwtgaye; and 'en the event said 1NORTGAGORS shall fa any reason fail to keep ~he said premisrs w insured, a fail ro delivn promptly any of ssid policies of insur~nce to s~id MORiGAGEE, or fai) promptly fo pay fully any premium therefw a i~ any • respect fail to perto~m, d~scharge, executs, effect, complete, comply with ~nd abide by thia covenant, w any part hereof, sa;d MORiGAGEE may pl~ce a~d pay fa iuch inwrance w any part thereof without w~iviny or affectiny any option, tien, equity, or right unde~ w by virtue of this Mutga9e, and tht fvll s~rwuM of c+ch a~d every such payment shall be immediately due and psyable ~nd sMll bear intere~l from ths date fherco( until paid at the ~ate o! nine per tenlum per annum and to~ether with such inrcrest shal! be secured by ths lien o1 this mwtgage. € I. lo pe~mit, commil w suffn ra waate, Impairment ar deterioration of said property or any part thereof. - ~ S. To psy all and singulu the costs, charges and expenses, including a reaso~able attorney i tee and costs of absnacts of title, incurred w paid at ' ~ any time by said MORTGAG'E, because or in the event of the failure o~+ the pa~t of the said MORiGAGOR to duty, promprly and fully perform, d~uba~q~ ; execure, effect, complete, comply w"~th and abide by each and every the stipulstions, sgreements, cor+ditions, and covenan~s of iaid p~o~.~~uory note and ~his i mwtgags iny O? Qither, and sa~d costs, chargq snd axpenses, each and every, sFwll be immediately due and payabte; whether a not there be notice do- mand, attempt to coflect w auit pend:ng; aod the full amou~f of each and every wch'payment shal! bea? interesl from the date the~eof until paid at the rare of oine per ce~tum per annum; aod all said costs, charges and expenses incu~red w paid, logelher w~th such interest, shall be secuced by the lien of thi~ mortgay~. ~ 6. TMt (s) in the event ~of any breach of this Mortgage w defautt on the part of thc MORTGAGOR, w(b) in the event sny of said sums of money herein rcferred to be not promptly and fully paid within thirty (30) days ~ext after the same seve~ally beca:~e due and payable, without demand w notice. or (c) in the event each and every the st~putations, agre~mems, co~d~tions and covenanta of sa~d promissory note and ~h~s mortgage any o~ either are nof ' ~uty, promptly and fully pe?formed, d~sc}~arged, executed, eifected, completed, compl~ed with and abided by, then in eitF~er or any such event 1M said ag ~ gregate sum rrkntioned in said promissory note then remaining ~npaid, with imerest accrued, and a11 moneys secured he~eby, shall become due and pay- ; able fo~thwith, w thereafter, at the option o( said MORTGAGfE, as fulty and completely as ii all of the said sums of money we~e or~gir~ally stiputated E to be paid on such day, anything in sa~d p~omissory notc or in this Nlortgage to the contrary notwithstanding; and thereupon or thereaiter at the option of said MORTGAGEE, without notice w'demand, suit at law or in equity, therefwe ot thereafter begun, may be prosecuted u if all moneys secu~ed heteby had matwed pnw to ns institution. 7. That in Ihe event thar at thF begin~ing of w at any time per?ding any suit upon this Mortgsgc, or to fweclose iL w to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Cou.t having jurisdicrio~ thereof for the appointment of a Receiver, svch Court shall Forthwith appoint a receivei o) said mortgaged property al) and siryular, includ~ng all and singular Ihe income, prol~ts, issues and revenues from whatever source derived, each and every of which, if being expressty understood, is hereby mortgaged as if specifically set fosth and desuibed in the granting and habendum clauses hereof, and such Receiver shall have atl the broad and effective funchons and powers in anywise enlrusted by a Court to a Reteiver, and such appoinfinent shall be made by such Court as an admitted equity and a matter of absolute righ~ to said MORTGAGEE, and without reference fo the adequscy a inadequacy of the value of the property mortgaged or to the wivency or inwlvency oi said MORiGAGOR or the defendants, and rhat such renes, profits, income, issues and ?evenves shaU be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, + conditions and covenants in sald promissory nore and this mwtgage set fonF~. ( 9_ ihat in fhe event the ownership of the mwtgaged premises, a any part thereof, becomes vested in a person othe~ than the MORTGAGOR, tha ~ MORTGAGEE, its :uccesson and auigns, may, without notice to the MORTGAOR, deal wifh such successw or successor in interest with referente to this mortgage and the deb~ hereby secured in the same manner as with Mortgaga w;thout in any way vif;atint~ w discharging the Mortgagors' liability hero- ~ v~der or upon the debt hereby secured. No sa!e of the prem~ses hereby mortgaged and rro forbearance on the part of the MORTGAGEE or its suc4essors ~ or assigns and no extension of the time iw the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, aha~l operate ~ ~o re)ease, diuharge, modify change or affect the original (iability of the MORTGAGOR Frerein, either in whole or in part. 10. N is specifically agreed that time is of the essence of this contract and that no waiver of any ohligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or oi the instrument secured iierby. 11. !n add:teon to the forego'ng monthfy paymants of princ'pal and interest ~equired by fhe promistory note secured hereby, mwtgagar covenanis and agrees to pay to mo:tgagee with each monthly payrnent an add~rional s~m estin,ated by mortgagee to be eq~al to 1/12 of the annual tost of the follow- ing: _ A-All real property taxes levied or assessed against the above descri5ed real estate. B-Premiums on lire and windstorm insurar.ce as he~ein requ~red to be ca~ried on fhe improvements situate o~ the above described premises. i C-Premiums on such mortgage gvaranty insurar,~e as mortgagee shall from t~me to ti~ne deem fit to carry on the loan secured hereby. ~ Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the next monthiy payment and each succeszive manth thereafter ur.til mwtgagee shall notify mo~tgagor of a change in such amount_ Such sums sF.a~t be applied by mortgagee toward the payment of real property taxes, insurance ptem:ums, and morigage guaranty insurance p~emiums. IN WITNE55 Y/HEREOf, the said MORTGAC,pR has hereunto set his hand and seal the day and yen? first afo?esaid. i ed, Sealed and del' ed in the presence of: • -(Seaq ~n Seap . (Seaq STATE Of fLORIDA ~ couNn oF St. Iucie ~ Befo?e me pe~wnally appea~ed _ Br~?*! B ~TSCObL9 and ~Z~SIl B• J8C0~113 his wife, to me well known and known to rt+e to be the individvals described in and who executed the fw ~nstrument, and aclcnowledged befwe me that they executed the fame for the purpoaa rherein expressed. And the said ~+~i~J! B• t18COb11$ • . w~fe of the said BT~,3D B. JBCObl23 ' ~rpo;i a'ibp~tate and private examinat~on by me taken separate and apart from her said husband, adcrawledged to and before me that she executed. said' inslr~nt fieply and volun- rarily and without any computsion, constraint, appre , w ear of w from her usband. l t' r,, WITNE55 my hand and official seal th; day of ~~h q. ~0. 19~ . . . ~ y ~ r ~ / ~ ~ - Notary Public in and iw tlSg~tD1q of F~` ~at I~~e My Commiuio~ expires: ~1'• . ' ~ • Returrt To: i first Federal Savings 3 loan Association NOTARY PUBUC: ~Aff~ ~~f}bRTDA ~ IARGE Of Fort P;erce. MY C041MISSlbN~~l(F.~RES SEPT. 25. 1975 Fort P~er~e, Florida BOfiGEd 8y Ati1Y11U?1 BdAkLTS IIISUfd(1CB Ca• ~ \ ST LUCiE COUMTY FLA. This Instrument Pre ared B ~ E. Braun ROCER ~ptTRAS ~ P Y • CLERK CtRCUIT COURT First Federal Savings 8~ Loan Association RECORD YE~~FIEO of Fort Pierce ~ FlOrida Checked By ~ ~ to ~1 ~'13 '~~5~3 6ooK 212 PaGE 952 ~ - - . _ , - - - - - - . - - - -