The URL can be used to link to this page

Home My WebLink About2353 . . ~ D To ptat~ and contin~ousiy ktep on th~ bv~!d~np~ now w hs~eah~r si~wt~ on ~aid I~od ~nd on ~fl aquipm~m ~nd pawnally cov~r~d by ~hi~ matg- p~, with ~II pt~miums ~hereon p~~d in Iuil, fire iniura~ce ~n ~M u~ual stand~rd polity (orm, in • sum apptoved by the MORtGAGEE, and w~ndstam ~nawanc~ in 1h~ vswi standard pol~ty fam, in ~ ~um ~pptoved by tM MORTGAGEE, in wch company p tompaniy as 1M MORTGAGEE m~y d~~~ctj ~nd ~11 tir~ u?d w~nds~orm i~iuranc~ polKiet or~ any of said b~ild~np~, any int~rest tMrein o~ pa~t thereof, in ~M apyrc9N~ ~um aior~said o~ in ~xctss Ihereof, ~MII contain ~he uswl ~tandad matqa~ ciau~e w iuch otM~ cisus~ ~s tM Matyt9et may rpu~r~, m~kirg th~ lou v~~de+ ia~d poiF des, each and ~vKy, payable ~o said MORTGAGFE a~ its inie~csl may ~ppear, and each and ~ve?y ~uch poliq shall be p~omptly as~ ~ned u+d delive~ed ~o any heW by said MORTGAGEE at furtF~er sacu.ity to uid mort~a9e debt, and, nof lest tMn t~n (10) d~ys in ~dvanc~ oi the txpir~tion of e~ch policy, to dr IivN to said MORTGAGEE a renewal lhereof, toqe~har with • receipt tw the prtmivm of tvch re~ewal; and thers shail be no fire o~ winds~orm insur+nce pleced on any of said buildings, ~ny interest therei~ or pa~t tMreof,- untesa in the fwm ~nd wi~h tM lou payable as ~fwesaidj ~nd in the avent any sum of money bc~cpnes payable u~de~ i~ich policy p policies wid MORTGAGEE shall Mvs ~he optan to receive and apply the sams on accovn! of ths indebted- ness secured hereby o~ ro permit si;d MORIGAGORS to receive and ufe it Or any parl thereof Iw othcr purposes, without th:reb~ waiving or urpair- ing any equity, lien w right unde~ or by virtw of thii mo:tgage; +nd in tF» event s~id A10RTGAGORS ihall fw any reawn fail to keep the said premisrs so iniu~ed, o? fail lo deliver prompity any oi said policies of insurants to said MORTGAGFE, w fail promptly to pay fully ~ny premium therefw or in any respect fail ro pe~fo~m, discharge, execute, effett, complete, comply with ~nd abids by this mvenant, a+~y part hereoi, ssid MORTGAGEE may plsce and pay fo~ such insurance or any part tlxr~of without waivinp ot affectin9 any option, lien, equity, w right under or by virew of this Mortgsse, and the tull amount of each snd evary such paymrnt shall be immediately dui and payable and ~hall bear imerest from ths date thereof until paid at the rate o1 n~ne per centum pe~ annum and together with svch interes~ ahali be secured by the ,lien of thi~ mwtg~ge. ~1. To permit, tommit w suf(er no waste, Impairment or deterioration of said property or ~~y parf thereof. S. Tp paY all and singulu the costs, charges and expenses, inctuding a reasonabte attw~ey i fee and costs of absrracts of titta, incurred or patd st any time by said MORTGAGfE, because w in the event of the failure on Ihe part of ths said MORTGAGOR to duly, promptly ~nd fully pe?fwm, d~uharge, execute, effec~, comple~e, comply w~ih and ab:de by each and every the stipula~ions, agreements, conditions, and covenants of taid promissory note and thii mortgage any or either, and said costs, charges and expenses, esch and every, tF?all be immediately due and psyable; whether o? nat there be notice dr mand, attempt fo collect or suit pending; and the full amount of each and every svch paymcnt ihall bea intcresl from the date thereof until paid at the rafe of nine per centum per annum; and all wid costs, charges and expenses ~ncurred w paid, togelhe~ w~th such inlerat, shall be secured by the lien of this mortgage. b. Thst (a) in the event ef any breach of this Mwtgage or default on the part of the MORTGAGOR, w(b) i~ the event any of said sums of money ~ herein refer~ed to be not prompHy and fully paid within thirty (30) days rxxt after the same severally become due~snd payabls, without demand p ewtite, o~ (c) in the event each ~nd every ~he stipulations, agreemcnts, condi~ions snd covenants of sa:d promissory note and th~: matgsge a~y or either are not iuly, prompHy and fully perfwrned, d~xharged, executed, effected, completed, complrcd wifh and abided 4y, 1F~en in either or any such event the said ag- f gregate sum mentioned in said promissory rrote the~ ?emaening unpaid, witA iMerest atcrued, and all moneys xtured hc~eby. shall betome due and pay- able iorthwith, w thereafte~, at the oprion of said MORTGAGEE, as fully and~ completely as if all of the said svms of money were aiginally st~pulated to be paid on such day, anything in ss;d prom~uwy note o~ in this Mongage to, the con~rary notwithstar~ding; and thc~eupon or thereafter at tM opt~on of sa;d MORTGAGEE, without notice o~ demand, suit at taw or in equity, tFxrefwe or thereaficr begun, msy be proxcuted u if all moneys secured hereby had matured pr~or to its institution. 7. That in the event that at the beginnirg of w at a~y time pending any sv~t vpon this Mortgage, or to foreclote (f, or !o rrfam it, oi to enforce ` payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof fw the appointment of a Reteiver, such Coun shall ~ forrhwith appoint a receiver of sald mortgaged property all and singular, includ~ng all and ti~gula~ the income, profits, iuues and revenues irom whateve? seurce derived, each and every of which, ir being expressly underslood, is hereby mortgaged as if specifically set fwth and destribed in the granting and habendum clauses hereof, and suth Receiver shall have all the broad and effeaive funct~ons and powers in anywise entrusted by a Co~rf to a Receiver, and a~ch appoi~tmero shall be made by such Court as an admitted equity and a matter of absoture rght to said MORTGAGEE, and wi~bout reference to fhe adequacy w inadequacy of the value of the properry mwtgaged or to the sa~vency or ;nsolvency of said MORTGAGOR a the defendants, and that such rents, profits, income, issves and revenues shsll be applied by such Receiver according to the lien or equity of said MORTGAGEE and the prattice oF such Court. ~ 8. To duty, promptly and fully perfwm, dixharge, execute, effecf, complete, comply with a~d abide by each ar?d every the stipulations, agreements, condiYrons and covena~ts in said promissory note and this mwtgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, bccomes vested in a person other fhan the MORTGAGOR, fhe r~!ORi,~',I~GfE, its succeuors and ass;gns, may, w;thoui not;ce to the MORTGAOR, deal with such successor or successor in interest with reference to this ! mortgage and the debt hereby secured in the same manner as with Mort a o~ without in an wa vitiati ' 9 9 Y Y ~?g a distharging the Mwtgagori liability herr under w upon the debt FxKeby secured. No sale of the Fremises hereby mortgaged and no fo~bea~ar~ce on the part of the MORTGAGEE or its successors ~ ~ or assigns and no extension of the time fw ~he payment of the deb~ he.eby secured given by the MORTGAGEE or its successors u auigns, shall operate ; to release, discharge, modify change or aFfetl the original liability of the MORTGAGOR herein; eitFxr in whole or in parf. 10. It is spedfically ayreed that time is of the essence of this contract and that ra waiver of any obl+gatron hereunder o~ of the obligation se- cured hereby shall at any time thereafter be held to be s waiver of the terms hereof or of the instrument secured herby. 11. In add~t~o~ to the forego:ng monthly payments of princ"pal and interest required by 1he promiswry note secured hereby, mortgagor covenants and agrees lo pay to mo:tgagee with each momhly payment an addi~ional sum esumated by morfgagee to be equal to 1/12 of the annual cost of tF?e follow- ing: . t A-All real property taxrs levie~ or assessed agai~st the above described real estate. ~ B-Premiu~ns on fire and wi~dstarm insurar.ce as herein requ~red to be carricd on the improveme~ts situate on the above described premises. ~-Premiums o~ such mortgage g~aranty ir.surance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. ~ Mortgagee shait fram time to time notify mangagor in writeng of the amounr due and paysbte hereunder and such sum shall thereupon be due and ~ ~;ayable on the due date of the next month:y payment and each successive rnonth thereafter urlil mwtgagee shall notify rtqrtgagor of a change in such amount. Such sums sF.a!1 be applied by mortgagee toward the paymeni of real property taxes, insurance prem:ums, and morigage gua?anty insurance p: emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his harid and seal the day and yea irst afwesaid. Signed, Sealed and delivei~d i~ the prSsence of: ~ ~ ~ J . ~ -~~-~~rt , ~ ` aq Ch rle W. Baum ~,n ~ ~ lSea~ ini ed M. Baun ~~ai~ STATE OF FLORIDA 1 COUNTY OF St . L1SC1 @ j eefae me personapy appeared Charles F. BaLi3 a~ ' Winif red I?~ • BdtUq his wife, to me wel( Enown and known fo me to be ! the individvals described in and who executed the fwegoing instrurtxnt, and acknowfedged before me thaf they exetuted the same fw the pwpsoses ihe~ein exp?essed. And the said Winif~ed M• $a~111 ose ; wife of the said Charles E ~Wl ~pp~ a uparate and privat~ examination by me taken separate and apart from her s , stknowledged ro end before me that she exetuted said insfrument freely and volun- rarily a~d without any compulsion, constraint, apprehe " r of or from be? said husband. , W17NE5S my hand and official seal thi y ~y a D. Qr' K-/ ~ ~ " x ~ Notary Public in snd for the State of flo~d~'~t,j~ .y~ ? . , . Rerurn To: My Cominission expires: P.• ~~j v ~ . First Fedenl Savings b Loan Association ; Of fort P~erce. r.~,~~ ~.•.c o ~':1- - Fort Pierce, Florida ` ~ ~ - . - r'IC 1CIA ~'S~~ ~ Q ; 2 53640 : : o ~ . ~ ; : 9-~~ • ' ~~.o~`~ This Instrument Prepared By John W. Co2lins `~~rE•O~ First Federat Savings & Loan Association F~p AY" AECOROEO ''~~u;.i,;~~~N`~ • of Fort Pierce , Florida 5~.11lCIE :.DUNTY fLA- ftOCEF ~ O~TRAS ' CLERK C~a~U~j COURT Checked By ~ RECORD VER~~ ~EO eQQK~13 PA~2350 ~u, ~ 4 3~ ~K ~z3 ~S ~ ~ _ _ - _ . --a _ ~ - _ _ . -