The URL can be used to link to this page

Home My WebLink About1448 To placa and conNnuously 4eep on ihe b~]'d~~:gs now or here+tta ?~rw~~ on said I~nd and on ali eq~~p~nen~ and personally covered by thia ma~~ sp~, with all premiums thercon pa~d i~ full, lire insurante in ~he usual starda~d po~icy fwm, in • ~um ~pproved by ths MOR~GAGEE, •nd winditorm inw~~nc~ in ~he usual s~andard pot;cy fam, i~ a ~um approved by ~M MORTGAGEE, in iuch company o+ co.np+n~es as ~hs MORTGAGEE may direct; and all fire snd w~ndstorm ins~rance policies on any of said build~nps, ~ny int~re~1 theroin or part thereo(, in the ~g9reg~~e tum ~fwetaid o/ in ~xceu thereof. ihall con~ain the vsual standa~d mw~fla9~e clause a iuch o~her ctauis ~s th~ Ma~gaga+ m+y requ~r~, maAinp the loss u~de~ sa~d poi~ ci~s, e~ch ~nd every, payable to said MORTGAGEE ~s iti interest may appear, and each and eve~y tucA poficy ihall be p~on+ptly ass g~ed and detivered to ~ny held by said MORiGAGEE as Further security to ssid mw~gage debt, and, not lesi than 1~n (10) dsys in advance of ~he expiraf~o~ 01 each policy, to dr IivN to said MORTGAGEE a renewal Ihercof, Iogetl+N with • retsipl for the premium of such renewal; and tMre shall be ra iire or windseorm insurance ~ pl~ced on any oi said buildings, any iotereit thtrein a part lhereof. ~nle~a in 1he form and with 1M loss payable +s afweaaid; and in tM evenl a~y tum ~ of money becorras payabte under such policy or policies iaid MORTGAGEE shall have ths option ro receive and apply the same on account ol the i~xlebtetJ~ ~ neu secured hereby w ro permil aa~d MORTGAGORS to receive ~nd use it p any part ~he:eol for other purF•oses, wi~hout thar~ur wa~~~~~g or anpair• ing any equity, lien w ri9At under or by virtue of this mo:tgage; a~d in lhe event sa~d MORTGAGORS shbll fa any reason iail to keep the sa~d premisri so insured, a tail 1o deliver promp~ly any of said polKiea of insurance to said MORiGAGEE, w fail promptly to pay fuIly any pre~~~~um thcrefw a in a~y respect fail to paiorm, dtscha~ge, eaecute, eifect, complete, comply with and abide by this cove~ant, a sny part hereof, sa~d MORiGAGEE may place a~d ! psy fot such insurance o~ any parf thereof without waivirg a ~Hectirg ~ny option. lien, equ~ty, w right undm w by virtue of thit Mortgage. and the = f~ll ~mouot of each aod er-ery tucA paymeM shall be immediately due and p+yable and thall beai intereit (rom ~he date ~hereof u~til paid at the ~ate ol ~ ~ nine pe~ ccntum pet annum and !o~e~her with such interest shall be secured by the lien of this mottgage• r + 1. To permit, commit or suifer no waste, impairment o~ deterioration of iaid property or any part thereof. ~ j S. To pay all and singular the costs, chargea and expenses, including a reasonable attorney i fee and costs of abstracts of title, incurred or paid at ~ any time by wid MORTGAGfE, becauae a in the event of the tailure on the part of the said MORTGAGOR 1o duly, promptly and fully perlam, d~xharge, f exaute, effect, complete, comply w~~h and ab:de by each snd every the stip~laT~ons, agreements, cond~lions, and cov~~ants of said promissory note and Ihis , mortgage any or ei~her, ans! said costs, charges and expenses, each and every, shall be emmediatety due and payabte; whether a not there be notice d~ ~ mand,~attempt to collect or suit pend~ng; and the fu~l amount of each and every such payment shatl bear interes~ from the date thereof unti{ paid at the ~ rafe of nine pe~ centum per a~num; and all uid costs, charges and expenses incurred w pa~d, together woh such interesl, shall be secured by the lien of tha mOrfgage. . 6. That (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, or (b) in the e~enl sny of said sums of money herein referred to be not promptly and fully paid within thirty (30) dsys neat aiter Ihe same seve~ally become d~e and payable, without demand or notice, or in the event each and every the stipulations, a9reements, co~ditio~s and covenants of sa:d promiswry note and th~s mortgage any w either sre nol ~uly, promptly and fully perfo~med, d~uhargrd, executed, effected, completed, complied with and abided Sy, then in either o~ any such event the said ag gregate sum mentancd in said promissory nore then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- abte forthwitFy a thereafter, at the opt+on of.said MORTGAGEE, as }ul~y and comptetely as ii all of the said sums of money were orig~na~ly stipulated to be paid on svch day, anything in sa:d promissay note or in this Mortgage to the contrary notwithstanding; and thereupon or therea~ter at the op~~on of said MORiGAGEE, without ~otice or demand, suit at law or in equity, therefwe w thcreafter begun, may be prosecuted as if all moneys secured hereby had maturei~ pnor to its imtitution. . 7. That in the event that at the beginning oj or at any time pending any suit upon this 1Nortgsge, w to fwecbse it, w to ~eform it, or to enforce payrrK~~ of any claims hereunder, said MORTGAGEE shall apply ~o the Ceurt having jur~sd~crion thereof for the appo~ntme~t of a Rece~ver, such Courf shall forthwith appoi~t a receiver of said matgaged p?operty all and sirgular, inctud~ng all and singular ~he income,-p~o(its, issues and revenues from whatever source derived, each and every of wh~ch, it be~ng expressly unde~s~ood, is hereby mortgaged as +f specifica!!y set fwth and dewibed in the g~anting and haFxndum clauses hereof, and such Receiver shall have all the b~oad and ef(ective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Cour~ as an admi~ted eqvity and a mattei oF absolute r1gh~ to said MORiGAGEE, and without reference to the adequaty o+ inadequacy of the value of ~he prope+ty mwtgaged or to the soivency or insolvency of said MORiGAGOR w the defendants, and that such • rents, profits, incane, iuues and revenues shall be applied by such Receiver accord~ng to ~he lien or equity of said MORTGAGEE and the practice of such Court. 8. Te duly, promptly and fulty perfarm, d~scharge, execute, effect, comptete, comply with and abide by each and every Ifie atipulations, agreements, ~ -^^ditions and covenants in sa~d promissory note and 1h;s mortgage set fwth. 9_ That in the event the ownership of the mortgaged premises, or any parf thereof, betomes vested in a person other than the MORTGAGOR, the ; MQRTGAGEE, its successors and asstgns, may, wirhout ~otice to the MORTGAOR, deal with such successor w svccessor ~n interest with reference to this mortgage and the debt hereby secured in the same manne~ as with Mortgagor without in any way vitiating o? d~scharging the Mortgagors' liability herr j under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the par~ of the IdORTGAGEE or its successon or auigns and no eatension of the time for the payment oi the debt hereby secured given by the MORTGAGEE or its successors or assigns, ahall operate ro release, d~scharge, modiiy change or affctl the original liability of the N10RTGAGOR FK~ein, eifher in whole w in part. 10. It is specifically agreed that tirne is of the essence of this contract and that no waiver of any obligation hereunder a of the obligatan se- cured hereby shatl a~ any time thereattev be held to be a waiver of the terms hereof o~ of the instrument secured herby. 11. In add;t~o~ to the fwego:ng monthly paym~nts of princ'pal and intrre:~ requ~red by the promissory note secured hrreby, mortgagor covenants and agrees to pay to mo:tgagee w~th each mo~thty payn:em an addnional sum estimdled by mortgagee fo be equal to i j 12 0~ The annual cost of the follow- ing: A-All real prope:ty ~axrs lavied or assessed agai•sst the above describ~d real estate. ~ B-Prem~ums o~ fire and windstorm insurance as here~n requ:red to be carried on the improvements situate on the above d~scribed premises. ~ ' ~ C-Premiums on such mortgage guaraMy ir.surance as mortgagee shall iroin Yme to time deem fit to carry on the loan setured hereby. ~ Mortgagee sha~l fro~.i t~~ne to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ' ~,ayable on the dve date of the next month!y payment and each successive month thereafter uctil mongagee sha!I notify mortgagor of a change in s~ch ~ amounL S~•ch sums sh.ai! be applied by morigagee towa~d the payment o4 real prope~ty taxes, insurance prem;ums, and mortgage guaranty insurance ~ premiums• i IN WIiNESS NHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day a~d year firat aforesaid. E ~ gned, Sealed and delivered i the prese e of: ~ - ~ ; ~ , ` n ~ Wi ie Mae Hopk~i s, a singl~ei~ . - adult (5eaq i - i SiATE OF fIORIDA ~ St, Lucie ~ COUNTY OF - Befo~e me personally appeared Wilile Mae Hopkins, a single af~llit aiSa -f1T~iv1iF to me well known and known to me so be the individual~ described in and who executed the foregoing instrument, and acknowledged befwe me that~lher executed the same for the purpoaes therein expresud_ Aw~t~hr~eid - ~ i, rrifeo~-1~se+~~~~~~~~~~~~~~~~~~~~~~~~~~~..~~~~~~~~~~~~~~~~~~=~~~~~~~~~_~.+.'i~al. .~~fR7ff~'~7thAt~ e:arrAnatle~i b~T R1E Ta1~en'S~r3t! aAt!'dp3rT f1EhT R~T 3d~d IRiTl3alfd; EdtrSbJ~i~jgdfb'ar'Ld 6eTo7e rr~e ffiat'!Fe eScec~e~s~'+b, trum'enT•TreeTy~'~ Tilun- ~arny-an~ an?,oa,-an~ ren+palstan-eonsnarnr,-aPO? ~ss~~r,~r tea. et -er ttat,r Iser rum~Ls~an~. . : • • . WITNESS my hand and official seal thii ~ ~ day of rCh ~ A;~14 , ' ~ ~ E No ary Public in and w~e e?~jFloridaj~t lir~e ; ~ My Commission expires: ~ Retum To• , ~j'~•_. ! ~ ~ ~ First Federsl $avings S loan Associat~on ' J y~ Of Fwt P~e.ce. - i~• r ~ Fori Pierce, Florida ~~3 ` f FILEO Rti~; RECO40ED This Instrument Prepared By D. F. Holerget ST.lUC1E COUiVT1' FLA. First Federal Savings & Loan Association ROCE~ '~~~TRAS ti of.Fort Pierce ~ Florida RE~OF;pyCc;~~~~ COUAt ~ Checked By ~ 13 35 ~1~ t~~ ~1 ; Boox2~4 P,~~447 Sb , ~~"Y` ~ ` ~ _ . v:~ .~~Y _ ti~