The URL can be used to link to this page

Home My WebLink About0647 . To plac~ and continuously keep o~ tM build~~+gs now w hereattN ~~twte on :aid land ~nd on all equ~p*~ent and p~~wnally cove~ed by this mat¢ ~p~, with ~II p~emiumi ~Furcon pa~d in full, fire i~~urance i~ the usual ttandard policy (wm, in a wm approved by ?he MORTGAGEE, and w~nds~am insuru?c~ in tM usual ~tandard pol~ty fam, i~ a ~um ~pprov~d by tM MORTGAGEE, i~ such company w ca*+puue~ a ~h~ 1NORiGAGEE m+y d'+ract; and all tire ~nd w~nds~orm ii+sur~nce poliues oe+ any o( ia~d buiid~nps, ~ny inta.e~t fhe~sin w p~n thercof, in th~ py~eyaa ~u~n alor~said o~ In txceu ~hereof. sMll comain the usuat standard mor~9aQee ctauss w such orher claus~ ~s tM Matqa9e~ may reqvu~. ma?inp the bu unde~ ~a~d pdi~ cies, each ~r+d every. payabl~ ro said MORTGAGEE as it• interes~ may +ppe+r. ~nd each and every such policy ~hall be promptly au yned and delivered ro ~ny heW by sa~d MORTGAGEE +s tv~ther securiry ro sa~d ma~gsge debt, and, not ku than t~n p0) days ie advance of ~M expira~ion oi e+ch po1Ky, ~o c' liver to said MORTGAGEE ~ renewal therwf, toge~Mr wi~h • rec~ipt for the premivm of such renewal; ~nd ~her~ shall be no I~re w w~~xis~orm inw.an_s pl~ced on +ny of ta~d buildings, any ieterest therein w put thereof, unleu in the form ~nd w~th tM bu paYabk +s afaesaid; and in th~ event any swn of monsy becomes p~yable under such policy a po~Kies said MORTGAGEE shall h~ve the opt~on ro receive and ~pp1y the same a? acca+nt of ~he indebse~ neu secured hereby or ro permi~ aaid MORTGAGORS ro•receive and usa it w any part thereof for other purposes, v.~~hout thrr¢b~ wa~y~~~g or ~~~~P3~r- irg any equ;ty, Gen a right under w by virt~e of this matgage; +nd in the evcnt tatd MORTGAGORS shall fa ~ny reason (aii to keep the sa~d premisrs so insured, w f~il to deliver promptly any of ssid po~~cies of insura~ce to sa~d MORTGAGEE, a fait promptly to pay fully any premium tF+erefor w in a~y re~pect fail w pe~f«m, discharge, execute, effed, complete, comply with and +bids by ~hii Covenant, w+nY part hs~eof. said MORTGAGEE may p~ace antl pay fa such insurante or ~ny pa~t thertof without w~iv'u~g a atfectinp any option, lien, equity, a rigAt undcr w by virtw of this Matga9e, snd tht . full amount of each ~nd every iuch payment shall be immediately dw +nd payable and sha~l bear interest from tM date thereof until paid a~ tM rate ol nine per centum per annum and tagetlxr with suth intereat shail be secured by the Iien of this mortgage. 1. To permit, commit a suffer no w~afe, impairment w dete~ioratan of said property or +ny part thereof. 5. To pay all and sirgulu the costa, cMrges ~nd expenxs, including s reasonable atto~ney's fee and cos~s of abstrstts of title, incurred w pa~d at nny time by uid MORTGAGfE, becaux w in the event of the iailure on the psrt of the said MORiGACaOR to duly, promptly and futly perfwm, d~uharge. execute, eifett, complete, canply with and ab;de by eath and every the stipulations, agreements, conditions, +nd covenann of said promisso~y note and ~hii mwtgage any w eifher. and sa~d cosb. chuges and expenses, each and every, shsll bs immediately dve snd payable: whether w not there be notice d~ mand, attempt to collett w svit pend7ng; and the full amou~t of eath and every svch payment ihsll bear intercst from Ihe date thereof uMil psid af the rate oi nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such intcrest, shall be setured by the (ien oi this mortps~s. . 6. That (a) in the event of any brexh of this Mortgage w default on the part of the MORTGAGOR, or (b) in the event ~ny of ss~d wms of nwney herein referred to be not promptly snd fully paid within thirty (30) days next afrer ~he same severatly beconx due +nd paYable. w~~ha+t de"'and a notice, er in the event each and every the stip~lations, agreements, co~d~tions snd covenants of u~d promissory note and th~i mutpsge a~y a either are not ~uly, prompNy and fully performed, d~xharged, execvted, effected, completed, complied with and abided by, then in eithcr a sny such event the ia~d ag gregate sum mtntaned in said promisswy note then remaining unpaid, with interest accrucd, and all moneys securcd hercby, shall become dve and psy able fwthwith, a ~hereafter, at the option of said MORTGAGEE, as fvlly and completely as ii all of the said sums of money were or~g~nally st~puisted to be pa~d on such day, anything in sa:d prom~ssory note or in this Ntwtgage to the contrary notwithstanding; and thereupon or thereafter at the op~~on of said MORTGAGEE, without notice w demand, suit at taw or in equity, therefwe w thereafter begun, may be prosecuted as if sll rnoneys seturel hereby had matured pnor to its institution. 7. That in the event that at the beginning of ot at any time pend~ng any suit upon this Mortgage, w to fpeclose it, w to reform it, or to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the ~wrt having jurisd~dion thereof iw the appointment of ~ Receiver, such Court shall Forthwith appo~nt a receiver of said mortgaged property al) and sir+gular, includ~ng atl and s~ngular the income, prolifs, issues and revenues frpm whatever source derived, each and e~ery of whKh, it be~ng expressly understood, is hereby mortgaged as if speufically xt fath and described in tFK granting snd habendum cla~ses hereof, and such Receiver sha~l have aIl the broaa and eifective funct~ons and powers in anyw~u emrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a maner of absolute right to sa~d MORTGAGEE, +nd without reference to the adequacy or inadequacy of the value of the p~operty mortgaged or to the solvency or insolventy of said MORTGAGOR or the defendams, and that such rents, profits, income, issues and rcvenues shall be applied by such Receiver accordu~g to the (ien or equity of said MORTGAGEE and the practice of such CovA. 8. To duly, promptly and fully pe?fwm, discharge, execute, effect, complete,- comply wifh and abide hy each and every the stipulations, agreements, ccnditans snd covenan~s in sa~d p~omissory note and this mortgage set forih. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s person other thsn the MORTGAGOR, the MORTGAGEE, its successws and auigns, may, without no~ice to the MORTGAOR, deal with such successw a successor in interest w~th refere~ce to th~s mortgage and the debt hereby secured in the same manner as with Nbrtgago+ without in any way vitiating or d~uharging the Mortgagors' liabitity !?era under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the /AORTGAGEE or its successors or assgns and no eate~sion of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors or au~9ru, shall operate to release, d~scharge, modify change w affect the orig~nal lianility of the N10RTGAGOR he~ein, either in whole w in part. 10. It is spec~fically_ agreed that time . is of tbe essence of this contrac~ and that ra waiver of any obligation hereunder w of the obligation sr cured hereby. shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument setured herby. 11. In add~tion to the fwego:ng mor.thly payme~ts of princ pal and interest required by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthly payment an addi~ionsl sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property faxes levied w assessed again3t the above described real estate. B-Premiums on fire and windstorm insurance as herein requ:red to be carriFd on the improveme~ts situate on the above described ptemises. C-Premiums on such mwtgage guaranty insura~~ce as mortgagee shall from t~me to time dee:n fit to carry on the loan secured hereby. ~ Mwtgagee shatl from time to time notify mortgagor in writing of the amount due and payabte he~eunder and soch wm shall thereupon be due and ~ , Fayable o~ the due date of the ~ext monthty payment and each successive month the~eafter u~til mortgagee shaH notify mortgagw of a change in such I amount. $uch sums shall be applied by mortgagee toward the paymero of real propeny taxes, insurar~ce prem:ums, and mo+tgage guaraMy insurance E premiums. , ~ ~ IN WITNESS 1NHEREOF, the said MORTGAGOR has hereunto set his hand and seal the da year first esaid. \ ` . SigneH,- Sealed and livered ' the pre e of: •n Ct~arles R. •D~aovan, Jr. ,n ~ ~ ~.L.;~ - - (Seaq ~ / Katherine . O•Donovan ,~,n STATE OF FLORIDA ~ St. Lucie couNnr oF ~ Befwe me perwnally appeared Cbdl~es .R . O* D~novan, .1Z • and K,atherine .1 • ~~~'017~VaA his wife, to me well~ known snd known to me to be the individuals desu~bed in and who executed tF~e ioregang instrument, and acknowledged befwe me that they executed the same for the pwposes rherein expressed. And the sai' Katheri~e J• ~~~Z10Val1 wife of the said ~arles R. O'Donovan, Jr. upo~ a separate and privafe examination by me taken separate and apart from her said husband, acknowled9ed to and before rtx fhat she exetuted said irutrumem frsely u~d vo~uo- tarily and without any compulsion, constraint, apprehensi fear of or from her said husband. WITNESS my hand and official seal thi: ~ 7~ day of AQril q. p, ~q 73 v~l~ ~JJ Notary Publ'K in a or t State of flor" a at larye ~ My Commisian enpues: r ` Return To: ~ First Federal Savings ~ Loan Aasociation : i =t IARGt _ Of Fort P~erce_ 1~~~ ~ Fort Pierce, FIo~iJa ^Q ~ -.i. + ' ~ _ 7 ~ 7 ~ ~ ~ ' •~'~~r!(~'-•~ This Instrument Prepared By RfCha zd K. ICayesF~~p R~~,p~pQP First Federa) Savings 8 Loan Association tT. LUCit COUIITY FLA. ~:~p ~ i : of Fort Pierce ~ Flozfda ROiEk ~:~jR~~ ~ • . ~s ' _ . ~ CLEAR ~i+~~y1T COURT : ~ RE~ORQ vE~i~IED , ' t, ~`y`" ' f_ Checked By ~t'••. - ~ ~ pt~-!8 3 4sPH'13 ~ 0 P 213 ~~E ~'Z~ ~~~'i~%~:r~... BOOK 252426 - - - - - - -r ~ . F. , i r - ~ ~