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Home My WebLink About1132 ~ i • . ' t . , J. To pl~c~ a~d con~i~vously keep on tM buitdinss now o~ Mreafte~ i~~uaN on said I~nd ~nd on all equipmcm ~nd pNfo~ally covered by Ihit mat¢ ~p~, w~1h all pr~miurtu tAe~con pa~d in fuli, (ire insur~nce in the usu~i ti~ndard policy fam, in a tum app~oved by Ihe MOR(GAGEE, and wind+~wm insur~nce in 1M usw) sunderd pol~cy fam, tn •~um app~oved by tFw MORTGAGEE, i~ wch company w compania as tM MORTGAGEE i+++y dincl~ ~nd ~tl (Ir~ a~d winditorm intvra~c~ po~iua~ a+ a~y of s~id buildinp~, ~ny int~r~sl therain w part tMreof, in tM a9yreya~~ ~unn ~faesaid o? In ~acns ~ha~of, sMtl comain tM uswl s~andard monfl+yN clauw or such otha claut~ ai tM Matpa9N may ~pu~r~. maAi~g the lou unde~ sa~d polF cie~. ~ach u+d ~vay. paYabl~ ro~aid MORTGAGEE at i?i interest may ~ppear, ~nd cach and ~ve?y tuth policy thali b~ prwnptly a~s.yned +nd delivered ~o ~ny Mld by said MORTGAGEE ~s (urther secu~ity to said mort9+~e debt, and, not leu th~n ~e~ l10) days in +dvante of tM eapira~io~ of e+ch policy, lo dr liw? fo ~aid INORTGAGEE a r~newal IMreof, fopethK with • receipt fw tht premium of ~vch re~ewal; and ther~ sh~ll be no firs or windstorm in~uranc~ pl~ctd on any of said buildirg~, ~ny in~ereil tF?e~eie or part IMrwf, unteu io tM iwm ~nd with tM bss payab~e +s afa~said; and io tM eYsnt any ium of monty becomts payable unde~ iuch policy w policies uid MORTGAGEE shall Mw tM op~~on to receive and apply the same on account o( ~he indebted~ neu tecured hereby o~ to permit said MORTGAGORS fo receive and use it p any pa~t lhereoi fw other pwposes, without th_nb/ waivi:~3 0~ unpair- irp any equity, lie~ w right unde~ or by virtw of this mo:lya~e; ~nd in Iht event wid MORTGAGORS tMll for any reason i~il fo keap the said p~emisas w insured, or fail b deliver promptly any of uid policies of insvrancs to iaid MORTGAGEE, w fail promptly to pay fully ~ny p~e+n~um therefor a in any respett f~il ro pafwm, discha~ge, executs, efied, comp~ets, comply with and abid~ by this covsna~t, a any ps~f hereof, iaid MORTGAGEE may place e~d paY fo~ tuch iniu~ant~ w ~ny patt tAereof without waivi~ a sffecting any optan. lisn, equity, or right under a by virtue of tF+is Mortgaye. and tht full amount of each and every such paymen~ shall bs ~mmcd'ately dw and payabl~ ~nd ihsll be~r interest from ths dat~ thcreo( until paid a~ the ~ate oi nine per tentum pet annum and togNher wi~h tuch interest shall tx secured by tM litn of thit mortg~ge. 1. To permit, tommit w suffer no waste, impairment w deterioration of said property or ~ny part thereof. S. To pay all and si~gula? ~he :osts, charga er?d expcnses, including a reasonable attwney i fee and costs of abstracts o( titls, incur?ed w pa~d st any time by sa~d MORTGAGEE, because or. in the cvent of the failure on the part of the said MORTGAGOR fo duly, promptly and fu0y perfwm, discharge. executs, effect, complete, comply wi~h and ab:de by each and eve~y the stipulafions, agreemenri, conditiau, and coverwnts of iaid promiuo~y note and this mortysge any or either, and sa~d cosb, charges and expenses, each and every, shall be immediateFy due and payable; whe~her a not there be no~ice d~ mand, attempt to collect w tuit pend'+ng; and tM full amouM of exh and e~ery tuch payment shall bea. intcreit from thc date thereof until paid et the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together with such iNerest, ~hall be secured by the lien of thi~ mwtpsy~. 6. That (a) in the event of any brpach ot this Mortgage w default on 1M part of the MORTGAGOR, or (b) in the event any of ia~d sums of money herein referred ro be not promptly and fvlly paid within thi?ry (30) dayt nex~ after ~he same severafly become due end payable, witF?ou1 demand or nofice, or (cJ in the event each and every the stipulauons, sgreements, conditions and covenants of sa~d promissory note and th~s mwtpage aoy w eilher are nol i iuly, promptly and fully performed, d~scha~ged, executed, effected, completed, compl~ed with and abided by, then in eithea a any tuch event the sa~d ag gregate wm mentioned in said promissory note then remaining unpaid, with iroereil sarutd, and alI moneys setured hereby, shall becwne due and pay- . able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as ii all of the said sums of money were wginally stipulated to be paid on s~ch day, anything in sa;d~ promiuory note u in this Mortgage to the contrary notwithstanding; and thereupon w thereafter at the option of sald MORTGAGEE, without notice w demand, tuit at Iaw or i~ equity, thae(ore a thereafter begun, may be prosecuted as if all moneys secu~ed Aereby nad mstured prwr to its institution. 7. That in the event tha~ at the beginning of or at any fime pending any suit upon this Mortgage, or to foreclose lt, w to reform it, or to enforce paymeM of any claims hcreunder, said MORTGAGEE shall apply 1o the Cou?t having jurisdictian ~hereof for the appointment of ~ Receiver, such Cour1 shall Forthwith appoint s receiver of said mortgaged property all and singular, includ~ng all and singular the incomt, profits, issues and revenues from whatever source derived, eath and every of which, it being expressly understood, is herrby mortgaged as if specificaliy set fwth and deuribed in the gra~ting and habendum clauses FKreof, and such Reteiver shall have all the broad and ef(ectire funcf~ons and powers in anyw~se entrusted by s Court to s Receiver, and a~ch appointmenf shall be made by such Court as an admitted equity and a rt+atter of absolute ri9ht to said MORTGAGEE, and withouf reference to the adequacy or inadequacy of the valve of the property mortgaged or to the solvency or insolvency o1 said MORTGAGOR or the defendants, and that such renrs, protits, income, iuues and revenues shsll be app{ied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Courf. 8. To duty, promptly and fully perfwm, dixharge, execute, effect, complete, comply with and abide by each and every the stipulations, sgreements, ' conditiona and covenants in said promisswy 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 tha~ the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, without notice to the MORTGROR, deal with s„ch successor w successor in interesf with re(erence to this mortgage and the debt hereby secured in the same manner as with Mortgagor withouf in any way vitiating or dixharging the Mortgagors' liability herr under or upon the debt hereby secured. No.sale of the premises hereby mortgaged and no fo~bearance on the part of the MORTGAGEE w its successon or assigns and no extensian of the t~me fa the payment of the debt hereby secured given by the MORTGAGEE or its succeuws or ass~gns, shall operate to reieax, discharge, modify change or atfect 1Fx original liability of the MORTGAGOR Ixrein, either in whole or in part. 10_ It is specifically agreed that time is of the essence of this contract and thaf no waiver of any obligation hereunder w of the obligafion sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrume~t secured herby. I 1. In addition to the fwego:~g monthly payments of princ pal and interest required by the prom~ssory note secured hereby, mortgagor covenanis and agrees to pay to mortgagee with each monthfy payr.ient an add~rional sum est~mafed by mortgagee to be rqual to 1/12 of fhe annual cost of the follow- ing: A-All real property taxes ~evied or assessed ~against the abbve described real estate. 8-Premiums on fire and windstorm ~nsurance as herein requ~red to be ca~ried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shatl from time to time deem fit to carry on the loan secured hereby. Mortgagee shafl f~om time to time notify mortgagor in writing of the amount due and payable hereu~de? and such sum shall thereupon be due and Fayable on the due date of the next monthly payment and each successive month tFiereafter ur.til mortgagee shall notify mortgagor of a charge in such S ! a~nount. $uch sums shall be appiied by mortgagee toward the paymem of rea! property taxes, insurance prem;~ms, and mortgage guaranty iosurance ~ premi~ms. j IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first sforesaid. ~ ~ ~ Siyned, Sealed and de' in presence of: A~- f ~ CC-cX~.+~. _ c..~c3--y--~ .c.t./,~,q i ~ Seaq se.n STATE OF FLORIDA 1 COUNTY OF St • Lucie. ~ ~ Before me personally appea~ed CL~Zt021 waYA@ Seawell and ~dl"~1 }~Bl~] $@al/ell his wife, to me well known snd known to me to be rhe individuals desuibed in snd who executed the foregoing instrument, end acknowledped before me that they executed the same fw tFro purposes i iherein expressed. And the sa~d MaYV l~elffii Sesrell w~fe of the wid C~1tOI1 wdyl7e $Qa~@ll , upon a separate and private examinat~on by me taken separate and apaA from her said husband, sdcnowledged to and before me tfwt she executed said instrument. fre~?. volun- rarily and withovt any compu~sion, constraint, apprchension, or fear of w from r ' husband. . ~i • s' WITNE~S my hand a~d official seal this 2O~ day of A Yi ~ p. -19~~ ~ , ~ . x Not Publ'~c in s for he State qf f(~da,~t larpe ; My Commisiwn expir ~Z~: Z~ ~~'fs ~ Return To: • ; • . ) ~ T ~ ~ ' ~ ~ first Federal Savings a Loan Association . - ~ Of Fort P;erce. ~ ~ Fort Pierce, Florida . •~ti C', - ' ; ~ . This Instrument Prepared By J. H. RobeYts~ Jr. ~ tE0 AtW R~CORDEO s~, L11CIE CO MTY fLA- t ~ First Federal Savings 8 Loan Association ROCER PO~TR?S ~ ~ of Fort Pierce ~ Rlorida CLERK CI'iCU1t COUAT ~ i IIfCOPO YE~~f1E0~- Checked By ~ ' 1 5~ 3 ~ gooK213 Pa~E1131 zs2so~ ~A - - ~ .._r.~ ; -