The URL can be used to link to this page

Home My WebLink About1126 • 1 J. To place and ca+einuously keep on ?he b„~!d~ngs now a hereait~r situ~l~ on satd land and on ail equiwnent and perwnally covered by thit mor~~- ~p~, wilh all premiumt rherton pa~d i~ full, f'ue insurance in 1M utwl tqndard polity fam, ie? a sum ap~xoved by Ih~ MORIGAGEE, •nd wind~~wm insuranc~ in th~ uswl iunderd pol~cy tam, in a sum approved by ~h~ MORTGAGEE, io i~ch company o~ companies a the MORTGAGEE n++y di~~ct; ~nd all tir~ and w~ndstorm iniurance polKies on any o( said build~nps. u+y interest therein w pt?t thereof, in Ih~ ap9repat~ ~um ~fore~aid or In ~xc~u ~hc~eof, ~Mtl contain ~M usual sundard morrpa9ee clauie a such o~M. ctaus~ as tM Ma~9~gN m~y requtre, makinq ths Iou u~ sa~d poli~ - citi, each and ~very, payabl~ w taid MORTGAGEE p its imere~t may appsar. ~nd each and ~very such policy sha11 be promptty +is gned and delivered ro ~ny held by uid AM1ORTGAGEE as (urthe~ security )o ssid mortpa~e debt, a~d, r?o~ leu than 1en (10) d+ys in edvance of the expir~tion of each polity, to da li~w to taid MORiGAGEE a renewal the~wf, topetha with a ~eceip~ for tl+e p~em~um of ~uch renewal; and ~1?ere shall be no f~re o~ winds~c~m insuranc~ plxed on ~ny of said build~ngs, any intere~t ~here~n or put theroof, unless in ths form ~nd with tM lou payabk as afaeia~d; ~nd in the even~ any ium of money bccomei payabte vnder such policy or policies uid MORTGAGEE ahall Mw tht opt~on to receive and apply tM same on accoum of the iixlabted neu secured hereby w to perm?! said MORTGAGORS to roteive and uss it or any parl thereof tor othcr purposrs, v~i~ho~t ~h=.~u~ wai~i~~g or unpair• ing any equity, lien o~ right unde~ a by virtue of this mo:tqage; snd in the event ia~d MORiGAGORS sha11 fw any reason fsil to kcep ~he said p?em~ses w insured, or fai~ ro deliver promptly ~ny of uid policies of insur~nte to said MORTGAGEE, or fail promp~ly to pay futly any pre~nium therefw w in any respect fail ro pafwm, discharge, execute, eifect, complete, comply with ~nd abid~ by thit rnvenant, w any part hereof, said MORTGAGEE may place and pay fa suth ir?surante or ~ny part thereof without waivinp o~ ~itecfing ~~y option, lieo, et~uity, w righf undet w by virtue of this Mottgage, and tht full amount of each and every suth payment ahall be immediately d~rs and payable and shall besr interes~ from ths date thereof until .paid al the raro ol nine per centum per annum a~d to~ether with such inlerest shall be setured by the lien of this mortgage. 4. To permit, commit or suffe~ no waste, impairment o~ deteriotation of said proptrty w any part tl?ereof. S. To pay all and singulsr the costs, charges ~nd ezpenses, i~cluding a reasoneble alto~ney's fee and costs of abstrscts of title, incurred or paid at eny time by said MORTGAGEE, because or in the evem of the failure on the part of the said MORTGAGOR to duty, promptly and fully pe~form, discharge, execute, effect, complete, comply with and ab~de by each and every the stipvlations, agreements, conditions. and covenants of said promissory~note and this matgage any or a~her, and uid costs, charges and expenses, each and every, sfiall bs immedia~ely due and payabte; whether w not there be notice dc mand, attempt to collect or suit pending; and ths futl amount of each and every such payment shall bea. interest from the date thereof until paid at the .ate of nine per cenwm per ann~m; and all said costs, charges and expenses incurred w paid, together w~th suth interosL shall be setured by the lien of thi~ mwtgsp~. . 6. TMt (a) in the event of any bresch of this Nbrtgsge or default o~ the part oi the MORTGAGOR, a(b) in the event any of satd svms of money herein ~eferred to be oot promp~ly and fully paid wi~hin thirty (30) days next after the same severally becoma due and payable, withou~ demand a notice, or (c) in the event each and every ~he stipulations, agreemcnts, conditions and covenants of sa:d promissory note and th~s mortgage any or either are nol ; ~uly, promptly and fully perfwmed, d~scharged, executed, effected, compkted, complied with and abided by, then in either or any such event Ihe sa;d ag gregate sum mentaned in said promissory note then remaining unpaid, with inte?esl accrued, and all moneys secured hereby, shall become due and pay- ; able forthwith, or thereaiter, at the option of said MORTGAGEE, as tully and completely as if sll of the said sums of money were aiginally stipulated to be pa~d on such day, anything in said promiasory note w in this Mortgage to the contrary nolwithstanding; and thereupon w thereafter at the option of sa~d MORTGAGEE, without nor~ce w demand, suit at law or in equity, therefwe w thereafter begvn, may be prosecuted ss if all moneys secured hereby had matured pr~or to its institution_ 7. That in the event that at the beginning of or at any time pending any su7t upon this Mortgage, or to fweclose it, or to reform it, or to enforce payment of any claims F+ereunder, said MORTGACaEE shall apply to the Court having jurisd~ce~on thereof for the appointment of a Receiver, svch Court shall forthwith appoint a receiver of said mwtgaged property a~l and singular, includmg all and singular the income, prof~ts, issues and reve~ues irom whatever wurce derived, each and every of wh~ch, it being expressly urxlers?ood, is hereby mortgaged as if spec~lica{ly set fath and described in the g~anting and habendum clauses hereof, and such Receiver shall have all the broed and effective funct~ons and powers in anywise entrusted by a Coun to a Recriver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right fo said MORTGAGEE, and without reference to the adequaq or inadequacy of the value of the properry mortgaged or to the soivency or insotvency of said MORTGAGOR a the defendants, and that such i rents, profits, income, issues and revenues shall be applied by such Receiver according to the lien ot equity of wid MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perfwm, ~scharge, execute, effect, mmplete, compty with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and ~his mortgage set forth. 9. That in the event the ownership of the mortgaged p~emises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successorn and assigns, may, without notice to the MORTGAOR, deal with such successor or successw in interest with reference to this mortgage and the debl hereby secured in the same manner as with Mortgagor without in any way vitiati~g a d~xha~ging the Mo?tgagors' liability herr under or upon the debt hereby secured. No sale of the premises hereby mortgaged. and no forbearance on the pan of fhe MORiGAGEE w its successors or assigns and no extension of the time for the payment of the debt hereby secured given by Ihe MORTGAGEE or its successors or auigns, shall operate lo release, d~scharge, modify change w affect the original liaoility of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this cont~act and ~hat no waiver of arty obligation hereunder or of the oblgation se- ~ cured hereby shall at any time thereafter be hefd to be a waiver of the terms hereof or of the instrument secured herby. 11_ In add~tio~ to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mertgagor covenants E and agrees to pay to mortgagee with each mon!hty pay~nent an addirional sum estimated by mortgagee to be equal to 1 J 12 of the annual cost of the fotlow- ~ ing: A-All real propeny taxes levied or assessed against the above described real estate. B-Prem~ums on fire and windstorm insurar.ce as berein requ:red to be carried on the improveme:?ts situate on the above desvibed premises. 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 shall from time to time norify mortgagor in writing of the amount due and poyable he?eunder and such sum shall thereupon be due and ' ~ ayable on the due date of fhe rtext month:y payment and each successive month thereafter ur~til mortgagee shall notify mortgagor of a change in such amount. $uch sums shafl be appiied by mortgagee toward the payment of real property taxes, insurante prem,ums, a~id mortgage guaranty insurance j premiums. ~ IN YJITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. ~ Sgned, Sealed and de " ed in e presence of: ~ r (Seaq ~ ~ s'' Seal) ; ~ GlOlla ROdqe ~Seaq i ~ STATE OF FIORIDA St. Lucfe • - • couNrY oF 1 Before me personally appeared C• B• R~lgers a„a Gloria Rod9e=s - n~: w~re, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same~Ydt'~ purposes therein e:presud_ And the said Gloria Rodgers ~ ,,~,~~~~~_~~f'_-S~i j w~fe of the said C• B~ Rodgers ~~p,j~~eparate ~rd prrvatf ' ~ examination by me taken separate and apart irom her said husband, stknowledged to and before me that the exetuted said i~rstruRl~N freetY• End'droh~n• ~ ~ rarily and without any compul:wn, constraint, appre io~~a fear of a from her ' husband. • ~ 1 WITNE55 my hand and official sea~ thi } day of r ti a~. ~~3 ~ v ~ ~ ~ ~ ' ~ N tary Public in a f the $ta~ offlfi~ids tl Cargs , My Commission expir ' ' ` Retum To: ~ • ~ ~ , First Federsl Savings 3 loan Associatio~ . ~ ~ ~,j ~ ~ ~ ~ ~ l Of Fort P+erce. ~ fort Pierce, Florida ~ fi~Eu ~NO aECORQE4 l~ This Instrument Pre ared B . ST.lUC1E COUN'fT f~A. P Y J. H. Roberts, Jr. ROCE~ P~IT1lAS First Federal Savings 8~ Loan Association CIERK C~~CUIT C4UIl~ of Fort Pierce ~ Rlorida RECORO Y£R~f;EO Checked BY ~ ~ ~~~1 S4 Ni~ ~~3 80GK2~3 PAGE~~zS 2528~~ ~s -z--~_- - . - - - , _ ~