The URL can be used to link to this page

Home My WebLink About1655 3. To piace and co~~inuously keap o~ the bui:d~ngs now a hcrea(ter ~ituste on sa~d land snd on sll equipmenl and penonally cove~ed by thi~ matg- ag~, with all ptemium~ thercw~ paid i~ tull, fire insurance in the ~sual standard polity form, in a sum approved by the MORIGAGEE, and winditorm insuranc~ i~ tM usual ~tanda.d pol;cy fw,n, in s sum approved by ~he MORTGAGEE, in such company or companies a~ the MORTGAGEE may direct; ~nd all fire and w~ndsrorm insurance pol~ues on any of sald build~ngs, any in~erest therein or part thereof, in the aggreg~le sum aforesa~d or In exceu thereof, shall contain the uivat ~tandard mwrgagce clause or ~uth otha clavs~ u?he Mortgagea may ~equ~n, makiny ~he loas under sa~d po1F cies, ea<h ~nd every, payable to said MORTGAGEE af its interes~ may appear, and cach and every s~ch policy ihall be promptly ~ss gned a~d de~ivercd to any hetd by said MORiGAGEE as fur~her security to said mutgage debt, and, not leu than ten (101 days in advance of the eap+ration of each polity, to da leva to ssid MORTGAGfE • renewal thereof, ~ogeiher with a reteipl for ths premium oi such renewal; and the~e shall be no fire o~ winds~orm insurance p~ated on ~~y of said buildinga, ~ny interett therein or part thereof, unleu in the form and with the toss payable as afaeiaid; and in the event any tum of money becpnea payable unde~ such policy w polic~es iaid MORIGAGEE sAall lyve ~he opt~on to receive and apply the same on account oi ~Fu indebted- neu secur~d F?ereby w to permit said MORTGAGORS to reteive and use it o? any parl thereo} for othcr purpoaes, wiihout th_i~b~ waivi~~g o. unpair- ing any eqv~ty, lien or right unde~ a by virrue of ~his mortgage; a~d i~ the event said MQRTGAGORS sAal) for any reason fail to keep the said {xemises so inaured, a(ail to deliver promptly any of said policies of insurance to sa~d MORTGAGEE, a fail promptly to pay fully any prem~um therefw or in any . respect fail to per(o~m, discharge, execute, effect, comple~e, comply with and abide by thit cove~ant, w any parf hereof, said MORTGAGEf may plsce and pay (or such insurance or any part thereof withoul ws;ving or affecting ~ny option, lien, equity, or right unda w by virtue of ?his Mortgage, and tht ~ full amou~~ of each and every such payment shall be immediately due and payable and shstl bear interesl from the date thcreof until paid at the rate ot ; nine per cent~m per annum and to~ether with such interest shail be secured by the IiM o/ this mottgage. ~ _ ~ io pe~mif, commit or sut(er no waste, impa~rment or dete~iotation of said property or any part thereof. 5. To pay aU and singular the costs, chsrges snd expenses, including a reasonable attwney's fee and costi of abstracts of title, :ncu~red w paid at s any time by said MORTGAGfE, because or in the event of the failure on the parl of the said MORTGAGOR to duly, promptly snd fu11y perfwm, dixharge. execute, effed, complete, comply with and ab:de by each and every the stipulat:ons, ag~eements, conditions, and covenants of said promissory note and this 1 m.ortqage any w e~ther, and sa~d costs, charges and expenus, each and every, aha~l be immediately due and payable; whether w no~ there be not3ce dr ~ mand, attempt to coilect or iuit pend~ng; and the full amount of each and e~ery such payment ahatl bea. interese from Ihe date theseot until paid at the ~~te oi nine per centum per annum; and atl said costs, tharges and expenses incurred w paid~ together with such interest, shall be tecured by the lien of this mortgage. ~ 6.-That (s) in the evcnt of any breach of this Nbrtgage or default o~ the part of the MORTGAGOR, w(b) in the event eny of sa+d sums of money herein ~efe~red to be aot prompt)y and fuUy paid wi~hin thirty (30) daya next after the same severolly become due and paysble, without demand or notite, or (c) in the event each and every the stipulatioos, a9reements, co~ditions and covenanU of sald promi:wry note and th~s rrartgs9e any a eirher are no1 iuly, promptly and fully perfwmed, d~scharged, executed, effected, completed, compl;ed with and ablded by, then in e~ther or any such rvent the sa~d ag gregate sum mentaned in said promissory note then remaining unpaid, with interesl accrued, and all moneys secured. hereby, shall betome due and pay ab~e fwthwith, or the~eafter, at the option of said MORTGAGEE, as fufly and comple~ety as ii a~l of the said sums of money we~e o?ig7naUy st~putated to be paid on suth day, anything in sa~d promissoty note or in ihis Mwtgage to the cont~ary notwithsianding; and Ihereupon or thereafter at the op~ion of sa~d MORTGAGEE, without notice w demand, suit at law a i~ equity, fherefore or thereafter begun, may be prosec~ted as if ail moneys secured hereby had rt+atured pr~or to its institution. 7. That in the event lhat at the beginn;ng of or at any time pe~dirg any suit upon ~his Mortgayc, or to fweclou it, w to reform it, or to enforce payment of any claims hereunder, uid MORTGAGEE shall apply fo 1he Court having jurisdict~on thereof for the appoi~tment of s Receiver, wch Court sF»II iorthwith appoint a receiver of said mortgaged property all and singular, includ~ng al! a.~d singular the income, piofits, issues and revenues from whatever sowce derived, each and every of which, i~ being expressly understood, ;s hereby mortgaged as ~f spec;fically set forth and described in the g~anting and habendum clauses hereof, and such Receiver shall have all the broad and effective funU~ons a~d powers in anywise e~trusted by a Covrt to a Reteive?, and svch appointment shatl be made 6y wch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the edequacy or inadeqvacy of the value of the property mortgaged or to the sotvency or ~nsolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by svch Receive~ accwd~ng to the lien or equity oi said MORTGAGEE and the practice of such Court. 6. To duly, promptly and fully perform, d~scharge, execute, eifect, complete, compty w~th and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and tAis mortgage set fwth. 9. That in the event fhe ownership of the mortgaged premises, a any part tbereof, betomes vested in a perwn other than the MORTGAGOR, the h',ORTGAGEE, irs successors and ass~gns, may, wi~hout no~ice to the MORTGAOR, deal with such successor or successor in interes? wieh reference to thi~ mo~tgage and the debt hereby secured in the same manner as with Mortgagw withoul in any way vitiating or discha~ging the Morlgagori lisbility FKre- under or upon the debt hereby secured. No sale of the premises hereby mortgaged a~d no fwbeara~ce on the part of the MORiGAGEE or its successors or assigns and no exte~sion of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors or au+gns, shaH operate to release, d~scharge, modify charge w affec: the orig;nal liab;lity of 1he MORTGAGOR herei~, either in whole a in part. 10. !t is specificatty agreed fhat time of the essence of this contract and thbt no waiver of any obligation hereunder a of the obl'gatan se- ' c~red hereby sha11 at any time thereafter be heid to be a waiver of the terma hereoi a of the instrumenl secured herby. 11_ In add~tio~ to the faego'rx~ monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants 3~,d ag~ees fo pay to mortgagee with each monthty pa~rnent an add~riona) sum estimated by mortgegee to be equal~to l; 12 oi the annual cost of the fol(ow- in~: A-All real property taxes levied or assessed against thc above desvibed real estate. B-Premiums on fire and viindstorm insvrance as herei~ requ~red to be carried on the ic~proveme~ts situate on fhe above described premises. C-Premiums on such mortqage guaranty insurar.ce as mo~tgagee shall from r.me to time deem fit to carry on the Ioan secured Feereby. Mwtgagee shall {rom teme to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shall thereupon be due and F.ayable on the due date of 1he ~ext monthty payment and each successive month thereafter ur.til rtwrtgagee shal: notify mortgagor of a change in svch ~^~ouN. Such sums sF.ail be app!ied by mortgagee toward the payment of reai property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITPJESS WHEREOF, the said MORTGAGCR has hereunto set his hand and seal the day and year first aforesaid. _ ~ Signed, Sealed and delivered i~ the presente ofe fC-t~ an ~ _ ~ Paul D. Bdd ~an - ~cscaq - Iillb@I IC~ ' Bddy rseaq ~ ~ S7ATE OF FLORlDA . C ~ 1 ~ S5. f c~uNr7r oF 'L Paul. D. Bddy i Befwe rce penonally appeared a~ ISd~Ql K~ $~(~y his wife, to me well known and krrown to me to be ~ !he individuals deuribed in and who executed the foregoing instrument, and acknowtedged befwe me that they executed the same fw the purpoaes i ~ !herein expressed. And the sa~d_ IsaL~@1 K• B~Y ! wlfe of the said pa~ D. $(~j/ ~ i examination b me taken se arate and a ~Po~ a separate and private , ; Y p part from her said husband, atknowledged to and before me that she execufed said instrument freely and volun~ i ~ rarity and without any compu;san, constreint, apprehension or fear of or from her said husband. ' f i WITNESS my hand and official seal this 1~ day of May ~ y~ ~P'~q9 ?3 ' ~ f•~.. y : ~i~~~ L s i. ~ y Notary ublic in and i the State ef f,~7de .~t Largb . Retum To: ~ My C miuion expire first Federal Savings R Loan Association Np~ ~ _ ~ ~ ~ ~ ~ ~ ~ _ •P Of Forr P~er C ry~~~y State pf F;~j~3 3t+~ te. ~j~V~~~ N~ CDtnIT1~0/; C~r~.,'~'3 ~.Gy~-+C~1~ l i~~' 1 t i fort Vierce. Florida BOfl~d by xfdt~SdR:e~~Cd LflS~}Id(yrp CO, ,'-J°, • R~~~"~~,' •~r.' . ' r . t This Instrument Prepared By J~~W• ~=oll~l'1s FILEO +4Na RECOROEO , First Federal Savin s 8 Loan Association St.IUCIE COUNTY FLA. 9 ROG~k cGIT3A5 ~ . of Fort Pierce ~ F1Q ~da CLES~ C~~~.Ult COU~iT REr,~~:s +~~~~FifD ~ Checked By ' . MAY 2~ 3 42 PN 3 ~ _ ~ 6~~K~~.4 PA~E1654 ' ~ ; - ~ ~ . ~ - - - - - - T K~ ~ ' ~ ~ ~ ~ ~ ~~'-T''~-° !~%a±.xa_.«„.f .a~c - - _ - ~~..'„"y_`