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Home My WebLink About1687 To plac~ ~nd con~inuouely k~ep on ~FK bui;dhps now a he~ea(t~r s~tuat~ on sa~d land and o~ all cquipment ~nd p~non~liy cov~r~d by ~h~s mor~y~ a~~, wilh all ~remium~ the~eon pa~d in (ul~. fi~e ie+~ura~ce th~ ufual iundard potity fwm, in a ium ap{xov~d by tM A~IORTGAGEE, and winds~wm ~nsw~nc~ in ~M utwl ~andard pol~cy fam, tn a sum app~ov~d by tM MORTGAGEE, in such company w compan~es +s Ue~ MORTGAGEE ~n+y dired1 and all fir~ ~nd winditorm insura~c~ poticiss a+ ~ny o~ said build~nps. ~ny int~~e~t thtreio w p~?t tMr~o1, in ?M a~yre9ate wm ~iwesaid a in ~:cess thereof, thall confain 1M ~wal ~tandud mor~9a~et ctws~ a such otFw~ claua as tM Matpa~~e may rcquir~. m~kinp th~ lo~s unde~ ~a~d pd} cies. each arxl ~vKy. paYabl~ to said MORTGAGEE as it~ in~ave~t maY ~ppear, ~nd each and ~ve.y t~ch policy shall be promptly su:gned and delive.ed ~o ~~y held by said NtORTGAGEE as furthe~ secu~ity ~o faid mo.ty~ deb1, a~d, not less ~han ten (101 days in advuKe of rM expir~~~on of each policy, to d~- livK ro uid MORTGAGEE a r~newal ther~of, toptthN with ~ receipt fa tM prtmium oi ~uth renewal; snd Ihere shall be ~o fire or winds~orm insur+nt~ pl~c~d on any o( said bu~ldinys. ~ny interesl tM~~in p p~rt tMrwf, unleu in the fwm ~nd with tM lau payabl~ u aforesaid: and in tFN ev~nt any sum of mon~y becanes payable vnder such policy or polK~es said MORTGAGEE shall hav~ tM option ro reteive and apply ths sarne a? ~ccount of Ihe indebted- ness sacured hs«by a ro permit said MORTGAGORS to reteive and us~ it or any parl thereof fa other p~rposes, wi~hout Ih:reb~ waivi~r~ o~ ~~++pair- ing any equity, lien or ~ight unde~ w by v'utw of this matgage; ~nd i~ tM event ~aid MORTGAGORS ihall fw ~ny reason fail to keep the satd premises w insured, a fsil ro dsliver promptly ~ny of said policies of iniura~cs to faid MORiGAGEE, w fail promptly to pay fully any premium therefor or i~ a~y ~ respecf (ail b paform, diuharge, execute, ~fiect, complete, comply with and sbide by this covenant, or ~ny part hereoi, said MORTGAGEE ~~ay place and ~ paY for :uch iniurance or ~ny part thereof witho~t w~iving o~ ~ifectinp any o~tion, lien, equity. w right unda a by virtw of thif Mort~age, and tht full amount of each ~nd every such payment shall be immediately due and payabl~ +nd iAall bear interest from the d~te lhercof until paid at the rats of : nine per tentum per annum and to~ether wilh suth interes/ thall be secured by the liee~ of this rtartgage. ? 1. To permit, commit or suffer no wssfe, imp~irrtKnf w deterioration of said propaty a sny pa?t thereof. ! 5. To pay sll sod singulu the coats, charges and expenxs, incl~ding • reaso~able sttorney't fee and costs of sbstrads of title, ir+curred w paid st ~ a,y time by said MORTGAGEE, becauu or in the event of the failure on the part of the said MORTGAGOR to dvly, promptly and fully perfwm, d~uharge, execute, ei(ep, complete, cwnply with and abide by e~ch ~nd every the stipulations, agreemanri, conditions, and covenants of said promissory note +nd thii mongage any a either, and sa~d cosn, charge~ and expenses, cach a~d every, shell be immediately due and paysble; whether or not there be notice do- ma~d, attempt to collect o? suit pending; and the f~ll amount of each and every such payment sh~ll bea~ interest from 1he date thereof until p~id ~t the rate of nine per centum per annum; and all said costs, cha~ges and expenses inturred w paid, togelher w~th suth interest, shall be secured by the lien of this mortgage. 6. Thst (a) in the avenf of any breach of this Mwtgage w default on the part of the MORTGAGOR, or (b) +n the event ~ny of said wms of money hereio refe~red ~o be not promptly and fully paid wifhin thirty (30) days next after the same seve~alty become due and payable, witlw~t demand or notice, or (c) in the event each a~d every Ihe stipulations, agreements, conditions and covenants of u;d promiuory note and th~s mortgsge any w ei~her are no1 ~vly, promptly and fully perfamed, diuharged, executed, eifected, completed, complied with and abided by, then in either w any iuch eve~t the sa;d ag~ gregate sum mem'aned in said promissory note then ~emaining unpaid, with intercst acuued, and all moneys secured hereby, shell become due and pay- able forthwith, a thereafter, at the opt~on of said MORTGAGEE, as fully and completely as if all of the said s~ms of money were aginatly sriputated to be paid on such day, anything in sa~d promiuwy note w in this Mortgage to the co~~rary notwithstanding; and thereupa~ w thereafter at the opt~on of sa~d MORTGAGEE, without notice or demand, suit at law a in equity, therefore w thereafter begun, rway be prosecuted as if all moneys secured hereby had matured prior fo its institution. . ' 7. That in the eve~t that at the beginning of or at any time pending any svit upon thiy Matyage, br to foreclose it, or to reform it, or to enfwce paymcnt of any claims hereunder, said MORTC'aAGEE shall apply to the Court having jurisdict~or~hefeq~E~ {q? 1A! appointrtxnt of ~ Receiver, such Court shall foithwith appoint s receive? of said mortgaged property all and singular, includ~ng all and sipqutar ttpiwcome, profits, iuves and revenues from whatever seurce derived, each and every of wh~ch, it being expressly unders~ood, is hereby mwtgaged as if speufically set forth and described in the grantirg and habendum clavses hereof, and such Receiver shall have all the broad and effective funct~s and powers in anywise enhusted by a Cou?t to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and s rt+alter of absolute right fo said MORiGAGEE, and without reierence to the adequscy a inadcquacy of the value of the property mor~gagcd or to the soivency or inwlvency of said MORTGAGOR w the dAfendants, and that such ren+s, profits, income, issues and revenues shall be applied by such Receivcr accwding to fhe tien w equity of said MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fulfy perfwm, dscha?ge, exccute, effect, complete, comply with and abide by each and every tlx stipulations, sgreements, conditans and wvenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its succe:sors and assigns, may, without notice to tl~e MORTGAOR, deal with such succeuor a successw in interest with refe?ence to this n,ortgsge and the deb~ hereby secured in the same manner as wi~h Mortgagor without in any way vitiating a d~xharging the Mwtgagori .lisbility herr ~nder or upon the debt hereby secured. No sale of the premises hereby mortgaged and ~o forbearance on the part of the MORTGAGEE or its sutcessors or assgns and no extens~on of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its succeuors or auigns, shall operate ro release, d~scharge, modify change w affect ihe original liabil"rty of the MORTGAGOR herein, eithcr in whole d in parf. ° 10. It is spec~iically agreed that time is oi the euence of this contrad and that no waiver of any ob~igation herevnder or of the obligaYan ~e- cured hereby sha?1 at any time therea4ter be hetd to be a waiver of the terrca hereof a of the instrument secured herby. ~ 11. In add~tio~ to the fwego:ng monthly payments of princ pal and interest required by the promissory nore zecured hereby, mortgagor_ cove~ants } and agrees to pay to mortgagee vvith each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ , ~n~~ ~ A-All real property taxrs levied or assessed against the above described real estate. B-Premiurns on fire and windstorm insurance as here~n requ:red to be carried on the improveme~ts'situate on the above desuibed premises. r # C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby. } Mortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder a+~d such wm shall thereupon be due and ~ ~ Fayable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagw of a change in such i a-.-ount. $~ch sums sF~aii be applied by mortgagee toward the payment of reat property taxes, insurance prem:ums, and mwtgage guaranty insurance ~ j premiums. ~ E IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a year irst esai. s i E Signed, Sealed delivered in the presence of: ~ ~ ' . i aQ e ~ _ c ^ ~'n € j ~ ao ; ~ /Seaq . STATE OF FLORIDA 1 COUNTY OF St• Ll1C~A ~ ~ 8efwe me personally appeared Ronald L• CiS~.8~18T1 a~ ~3ri@ C• ~i8~'1~18T1 his wife, to me well known and known fo me to be the individuals described in and wFw executed the foregoi instrument, and acknowledged befwe me ihat they executed t1~e same fof the purposes therein expressed. And the said ~~6 Ci• Callahan ~,:re of tr~ ~~a Ronald L. Callahan u'~ ~~.ro - ~ . ~+~r+, ~ eXam~naian by me ta4en separote and apart from her said husband, scknowledged to and before me 1F~at she executed " inat;uMdn1~~~ and volun- raniy and without any compuliron, constraint, appr e ion w fear of w from her said husband. : ~j WITNESS my hand and official seal tbi day of ~Ch _A rD. l9 ?3 R • _ ?I " . d _ . . ' ~ ~ Notary Public in and fw the Ststd` i.F a tt Lar9e • ~ j ~ My Commiuion expires: ~ . " - ; . ~ Return To: • > • . , . , - ~ ~ First Federal Savings 3 Loan Association . I j, •2 ~ ;a Of fort P~erce. ~ r' ` + r - ~ Fort Plerce. Florida NtJTARY PU81}~",. STATE ~C°'^•~. i: ~ ~1~~ %M~~~M7Y rLl1. ,M,'I rrn~:'.I$SI~:°~ EX= r.' }C?j.~, ~F ~ T' ~Q~P POIfIIAs ~T V Sunded Ey Am:r ca~ i:~:.-~ r~ ir . r ~ Q~~~K ~iRCU?1 COU . : This Instrument Prepared By y~jq~ E, $paL1T1~[C~RD VtRtIIEO~ ~ ~ First Federal Savings 8 loan Association { of Fort Pierce~ glp~dg . ~ 3 9~3 Checked By ~ z ~soss eooK 212 ~1687 ~ : n~ - - - -