The URL can be used to link to this page

Home My WebLink About1348 J. To pl~c~ and conti~uously keep on ~he bui'dingt now w. hereafter f~tuat~ on said land and on all equip~nent ~nd pe~sonatly tov~red by thi~ mat¢ wlth all pr~miums ~hereon pa~d in (ull, fi~e insuro~ce in the us~al s~andad potiq form, in • s~m approved by the MORSGAGEE, and windstam ~nswu~c~ in t!N vsual ~~andard pol,cy fwm, in ~ ium app~ov~d by tM MORT('sAGEE, in such comp~~y or con+panie~ at tl,~ MORfGAGEE msy d'utttp x~d all fir~ sod windsarm insur~nc~ policies on aoy of ssid buiid~aps, ~ny JnM~est fFare+n or pa?/ 1he~eol, in the apyrega~e sum alaesaid o~ in ~xcess d+ereof, shall contdin tM usu~l ~tandard mortga9es clauu a such otMr claui~ ai tl?s Mortgages msy requ~re, makin~ ~M lou unde. sa~d po~i- ciss, exh ~nd ~very, payabfe to said MORiGAGEE ~s its intereit may ~ppea~. ~nd each ai+d every svth po(icy ahall be p~ompUy •ss gned a~d delive?ed ~o +ny Aetd by iaid MORTGAGEE as furrher :ecurity to said mortgage debt, and, not leu Ihan ten (10) days in adva~xe of the expiratio~ oi each pol~cy, to dr IivN to iaid MORiGAGEE • ~erKwal theraof, together with a receipt for tlx~ prtmium o( iuch renewal; a~d there sha~l be no 1~re o~ windsto~m insurance plxed. on any of said buitdings, ~ny intere~t the~ei~ or pa~t thereof, untess in the fo~m and with !he loas payable ~s aiwesaid; and i~ the evenl any sum of money betomes p~yable under such policy a polKiei said MORTGAGEE shall h~ve the opf~on to recaive and apply the tame on account of the i~bted- neu secured hereby w ro permit said MpRTGAGORS to reteive and use it a any part thereof for oshcr purposes, ~v~rhout ~h_r~o~ waivin~ or ~mpalr- ug any equity, lien or right unde~ o~ by vi~tue oi this morsgsgr, ~nd in the event said MORTGAGpRS sha~l for any rcason fail to keep the said premisrs w insvred, w fail to deliver promptly ~ny of said polKies of insurance to said MORTGAGEE, o~ fail p?omptly to pay tully any pre~nium therefa w in a~y resped fail to pa+iam, dixharge, execu~e, ef(ect, complere, comply wirh and abide by th;s covrnant, w any part hereof, said MORTGAGEE may place and paY (w :uth ins~rante w any part theroof without waiving ot affecting any oplion, lien, equity, or right under or by vi~tue of this Mo~tgage, and tht full artwunt of each and every s~ch payment shall be ~mmedialely dve and payable and shall isear interest from rhe date rhereof until paed at the rate ol nine per tentum ptr ann~m and to~e~her with ~uch inte~esr shaU be secured by Ihe lien of this mortgage. 1. To permit, commit w su(fe? no waste, impairment d deteriontion of said property or any part thereof. 5. To pay all and singulsr th~ costs, charges and expenses, including a reasonable attaney i fee and costs of abstracts of title, incurred or paid st . any time by wid MORTGAGEE, becauu or in the event of Ihe (aifure on ~he pan ot the said MORiGAGOR to duly, promptly and fully perfwm, d~scharge. execute, effetf, complete, comply w~th and ab~de by each and every the stipulatior?t, agreements, conditions, snd covenams of sa~d promissory note and this mortgage any a ei~her. and sa~d costs, tharges and expe~ses, each and every, shall ba immediately due and paysble; whe~her or not there be notice de mand, anempt to coltect or suit pe~ding; and the !v!! amount of each and every such payment shall bear interest from the date thereof uotil paid af the rate of nine per centum per am,um; and all said costs, charges and expenses i~tur~ed w paid, together w~th such i~terest, shall be secured by the iien of thi~ mortgaga. 6. Thal (a) in the event of any lxeach of this Mortgage o~ defavll o~ the past of the MORTGAGOR, w(b) io the event any of ssid sums of money herein refe~red to be ~ot promptly and fully psid wifhin th~rty (30) days next after thc same uverally become due and payable, without demand or notice, or (c) in the event each artd every the stipulations, agreements, condifions and covenants ot sa:d promissory rtote and th~s mortgage any or either sre not ~uly, p~omptly and fully performed, d~scharged, executed, eifec~ed, compteted, complied with and abided `ay, tF?en in either or any such evem the sa~d ag gregate s~m mentioned in said promisswy note then remaining unpaid, with interest accrued, and all mo~eys setured hereby, shatt become due and pay~ ab!e tathwith, or thereafrer, at the opt;on of said MORTGAGEE, as fully and completely as ii all of the said sums of money were wginally st~pulated to be paid on suth day, anything in said promissory note u in this Mortgage lo the contra?y notwithstanding; and thereupon w thereafter at the option of sa~d MORTGAGEE, wi~hout notice or demand, suit at law w in equity, therefore w thereafter begun, may be p?osecuted as it all moneys secured hereby had matured pnor to its institvtion_ . 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to fo?eclox it, or to reform it, or to enfo~ce payment of any claims hereunder, said MORTGAGEE shall app(y to the Court having jurisd~dion thereof for the appoinrment of a Receiver, wch Cour~ shall fwthwifh appoin! a receiver of said mortgaged prope?ty all and singula~, includ~ng all and singular the income, profits, issues and revenues from whatever source derived, each and every of whKh, it being expressly unders~ood, is hereby mo~tgaged as if specifically set forth and deuribed in the g~anting and - haberxlum ctauses hereof, and such Receiver thall have a!1 the b?oad and eflective funa~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equi~y and a matter of absolute right to said MORTGAGEE, and without refererxe to the adequacy w inadequacy of the value of the property mortgaged or ro the so~vency or insolventy of said MORTGAGOR o? the defendanrs, and that such renn, prolits, income, iuues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said NI~RTGAGEE and the practice of such CouA. 8_ To du1y, promptly and fully perform, discharge, execute, effect, mmplete, compty wi?h and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set fath. - 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, i» suctesso+s and assigns, may, w;thout noiice to the MORTGAOR, deal with such succes:w a successw in interest wi~h reference to this mortgage and the debt hereby setured i~ the same manne? as with Mortgagor without in any way vitiating or disthargi~g the Mortgagors' liabilily here- under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part oF Ihe MORTGAGEE or its successors or assigns artd no ea~ension of the time fw the payment oi the debt hereby secured given by the MORTGAGfE or its successors or auigns, ahatl operate to release, discharge, modify change or affect the original liab~lity of the MORTGAGOR Fxrein, either in whole w in part. 10. It is spec~fical{y agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or oi the instrumenf secured herby. 11. In add~tion fo the fwegoirx3 moNhly paym~nrs of princ'pal and interest requi~ed by fhe piomissary note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monrhly pay~~,ent an addirional sum estimated by mortgagee to be equal to 1% 12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~st the above described «al estate. 8-Premiums on fi~e and windstorm insurar.ce as herein requ:red to be carried on the improvements situate on the above dsscribed premises. C-Premiums on such matgage guaranty insurance as mo~tgagee shall from t~me to time deem fit to csrry on the loan secured hereby. Mortgagee sha!1 from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupo~ be due and Fayabfe on the due date of the next monthty payment and each successive month thereafrer ur.til mwfgagee shall notify mortgagor of a change in such amount. $uch sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~xl mortgage guaranty insurance premiums. . IN Y~tTNESS WHEREOF, the said MOR7GAGOR has he~eunto set his hand and seal the day a year first afore id. Signed, Sealed and delivered 'Q the presence of: / - Sesh '%G'~~ S even L Kni h ~~aq Y Seaq Rebecca Sean STATE OF FLORIDA 1 couHrY oF $t• Lucie j - - Before me personally appeared Steven L~ I(~i9htp,n s~ ~ R@~CCa A ICnighten his wife, to me well known and known to me to be ` the individuats described in and who executed the fuegang instrument, and atknowledged before me that they executed the same for the purposea therein expressed. And the said Rebecca A~ Kr~~.ahten ~vife of the said St@L?@t'~ Knight_.~n vpon a separate and privste ~ examinatwn by me taken separate and apart from her said .husband, adcnowledged to and before me that she executed wid instrument freely and volum rarily ~nd w;thout any computsion, constrai~t, apprehension, or fear of or from her said hvsbsnd. WITNE55 my hand and official seal this ~c3 ~ d of March A. D._1973 ~ ~ % ' /Notary Public in and (or the Stat~ i Fbrid ~ t Lar~e G / My Commission eapire - aeru?n To: L sNOTARI' BC1C. . TE ~ FidRfD11 at URGE Pint federat Saiings 6 loan Associat~on MY COMB~NSSION_EJ(PIRES'D!'C. 29, 1975 Of Fort P;erce. BondeC iqru:Geneti~ ~nzunn~e Under~r;ten. fort Pierce. Florida - ' ` • - - - FILEO 4kn QECOROEO -r ' - ,i - - . St. LUCIE COUqT~ FLA. ~ ~ ROGE~ a~~TR~S - ' _ ~ This Instrument Prepared ByGa7[y F. ElwoOd CLERK G~RC~1T C40RT - First Federal Savings & Loan Association P.FCC~: v~~:;FiED , - of Fort Pierc~ Flo=ida? MAR 30 8 5a aH ~73 ~ ! Checked By - 250823 ~I EGCK PAGf 1~48 ~ r! ~ _ ~i - - - ~ ° , x ~ ~