The URL can be used to link to this page

Home My WebLink About1997 To plac~ and continuously k~ep on ~hs bui!d~n~i now w htreafta ~ituit~ on iaid land ~nd on ali equipne~t and pe?sonally covered by Ihit ma~¢ ( +y~, wirh ~II prem~wns ~hereon pa~d ;n futl, t«e insuronce in the ~suai ~+anda~d poircy fwm, ie~ •~um app~o~ed by the MORTGAGEF, and windstam ; intw~e~u in tM ~swt srandard polrcy fonry in a sum spprored by ~M MORTGAGEE, in svch tompa~y M tompanies a ths MORTGAGEE m~y d'uectl +~d all iin and w~nds~o~m insura~ce policies on a~y of said build~nps, any inta~~t therein w p~rt thereof, in ~h~ ~~rep~~e ~um afo~esa~d or f M ~acess thereof, iMll contain fM uswl itandud ma~9aqes claus~ or such otlw~ claus~ a~ tM Mo+tyaQe~ may requ'u~, makinp ths tou unda ia~d poli~ f cies, ~ach u+d every, payabte ro isid MORTGAGEE ~s iti inte~e~l may appeu, and e~ch ~nd evary i~ch policy ihall be promp~ly ~ss.9ned and dolivared to ~ • ; s~y heW by said MORTGAGEE as fu~ther secvrity to said morty~ge dabt. ~nd, not leu 1Mn ten (t0) days in advancs of tM eapiration o( eath policy, to de- ~ liv~r to taid MORTGAGFE a rexwal the?eof, tope?har wi~h a reteipt fw th~ pr~mium of s~th ~enewat; and ~t+er~ shall be no f~re o~ wiods~orm iniuranc~ l pl~c~d o~ ~~y of iaid bvildings, ~ny interoit therei~ a p+rt thereof, unleu in ths form ~nd with tM losa pay~bl~ ~s ~faessids u+d in tM event ~ny sum ~ of mon~y becanq payabte und~r such poticy or polKies w~d MORTGAGEE shaU hsvs ths oprion to receive and apply the same on accouM of the indebted~ ness secu~ed hereby or ro pe~mit i~;d MORTGAGORS ro receive aed vse it a any part thereof for ofhcr purposes, wi~hout th:~eb~ waiving or anpair- inq any puiy, lien p right unde~ a by v'utus of this mo:s~sge; and in 1M event said MORTGAGORS shall fw any reaso~ fai) to keep ths iaid premises so insvrrd, w fii) to deliver promptly any of said policies o( iniurance to ssid MORTGAGEE, w tail promptly to pay fully any premium therefu w in any ~ respect fail ro pafany discharge, execute, effetl, complete, tomply with u~d abide by this cove~ant, a any pa~t hercof, said MORTGAGEf may place and ! pay fa suth it?svrance or a~y part fhereof witlqut waiving or affactin~ any optian, Ikn, equity, w right under w by virtue oi this Matgage, snd the ' full smount of each and every such payment shall be immediately dve and payabla ~nd shall bear interesl from ths date thereoi until paid at the rate ol . ni~ per centum per annum and together with svth interest shali be secured by the lien of this mortgage. 1. To permit, tommit or sufter no wasfa, impairment or dete~aratio~ of said p?operty or ~ny part lhrreof. S. To pay sH and singulu the cosb, ch~rges and expenus, including a ressonable sttwney's fee and costs of abstradi of title, incurred w psid at any time by said MORTGAGEE, because or io ~he evero of the failure on the part of tM ssid MORTGAGOR to duly, promptly and fully perfwm, d~xhargs, ~ execute; effect, complete, comply with ar?d ab~de by each and every the stipvlations, ~greements, conditions, snd covenants of seid promiuory note and this mortgage ~ny pr eithe~, and aaid cosri, chsrges and expe~ses. eacf? and every, shall be immedistely due and payable: whether a not there be notice de~ mand, attempt to colkct or suit pending; snd the full amount of each and every such payment shatl bea~ interest from fhe date thereof un~il paid at tt~c i rate of nioe per centum pe? anuum; and all said cosu, charges and expenses incurred or paid, together w~~h such interest, shall be aecured by the lien of thw i mortyaye. 6. That (s) in the evenT of a~y breach of this Mwtgsge or default on fhe parf of the MORTGAGOR, or (b) in the event sny of ~:d swru of money herein refe?red ro be not promptly and fully psid within th;rty (30) dsys next after the same xvera!Iy.become due and payable, wi~hout demsnd or notite, w(c) in the event each and every ~Im stipulations, agreem~nts, condirions and cove~wnts of sa~d promissory note and th~a morlgage any or either are no1 ~uly, promptly and fully perfwmed, diuFrarged, executed, eiietted, compteted, complied with and abided by, then in either o~ any such event ths said ag pregate wm mentioned in said promissory note lhen remaining unpaid, with interest accrued, and all moneys xcured hereby, shall become due and pay- able fathwith, a tFxreafter, a1 the opt~on of said MORTGAGEE, as fully and completely as if atl of the said sums of money were oi+ginally stipulated ro be paid on suth day, anyfh;rg in sa~d prorri~uwy note -or in this Mwtgage to the convary notwithstanding; and thereupon or thereafter at the opt~on of said N10RTGAGEE, withoul ~otice a demand, suit at law a in equity, therefwe or thereafter begun, may be prosecuted as if all moneys sncured hereby had matwed pnw to its institution_ . 7. That in the event that at the beginn'eng of or af a~y time pending any suit upon this Mortgage, w to foreclox it, or to reform it, o~ to enforce payment of any claims hereunder, said MORTGAGEE sha1~ apply to the Court having jurisdiaion thereof for the appointment of a Receiver, such Coun shall forthwith sppoint a receiver of said mortgaged ptoperty all and singular, inctud~ng atf and singuls~ the encomr, profils, iuues and ~evenues irom whatever source derived, each and every of which, it being expressly understood, is hcreby mwtgaged a~ if specifically set fath ~nd destribed in ti?e g~anting and habendum clauses herrof, and such Receiver shall have alt the broad and effective funct.ons and powers in aoywise entrusted by a Govrt to a Receiver, and tuch appointment sAal1 be made by such Cou~t ss an admitted equity and a matter of absdute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of~the property mortgaged or to the :o~vency or insolvency of wid MORTGAGOR a the defendants, and that s~ch r~~• profib, incane, issues and revenues shstl be applied by such Receiver acco~d~ng to the lien or equity ot said MORTGAGEE and the practke of such 6. To duly, promptly and fully perform, discharge, execute, effecf, complete, compty w~th a~d abide by each aod every the stipulations, agrcements, conditions artd covenants in uid promissory note and ~his mortgage set fwth. _ 9. Thst in the event the ownership of the mwtgaged premises, or any part thereof, betomes vested in a person other than fhe MORTGAGOR, the MORTGAGEE, iri succeuws and auigns, may, wirhw~t notice to the MORTGAOR, deat with such successw or successor in interest with reference to this mortgage and the debt hereby set~red in the same manner as with Mo~igagor without in any way vitiating or diuAarging fhe INortgagors' liability herr under a upon fhe deb~ hereby secured. No salt of the premises hereby mortgaged and no fo~bearance on the pan ol the MORTGAGEE w its successon or auigns and no eatens~on of the time for the payment of the debt hr•eby secured given by the MORTGAGEE o~ its successors or auigns, si~alt operate ro release, discharge, mod~fy change or affect the orig~~al liab~lity of the :`ORTGAGOR herein, ei~her in whole or in psrt. 10- It is spec~fically agreed that time is of the essence of this contraa and shat no waiver of any obligat~on herevnder o? of the obligaYan se- 1 cured hereby shall at any time thereafter be held to be a waiver of the terms hereof o? of the instrument sec~red herby. 11. In add~tion to the forego ng month!y payments of princ'pal and interest required by the promissory note secured hereby, morfgagor covenants and agrees to pay to mortgagee v~ith each monehly payr,~ent an add~~iona! sum estimated by mortgagee to be eq~al to 1%12 of the annual cost of the follow- ing: A-All ?eal property taxes levied or afsessed against the above desc~ibed real estate. B-Premiums on fire and windstorm ins~rar,ce as herein requ;red to be carried on the improvements situate on the abore desaibed premises. C-Premiums on such mortgage g~aranty insurance as mortgagee shall f~om t~me to time deem fit to carry o~ the loan secured hereby. Mortgagee sfiall from time to ti.ne not7fy mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be dtie and payable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee siwll notify mortgagor of a change in iuch amount. $uch sums sF.alf be applied by morigagee toward the payment of real property taxes, insurarue prem:ums, and mortgage gvaranty inwrance premiums. N ITNESS WHERE said MORTGAGOR s hereunto xt his hand and sea( tF~e day a year first afwessid. e ~ ~.£~D ~1V 1 ~ f ~ pA~ W +4 ~~1~~~ ~oux;~F ~ Wi ia Sb nk ~ . r ~~~t : ~,-~~es n ~ ctFax cr~~cv~TC~~, ' n ` s~n ~`~~p~ ~F~ ~fD Eliz beth T. S i ks S1ATE OF flORIDA ~~Q 9 33 A~ /?3 couNnr oF ~.~~e. ~ 255 .~j Befae me pe~sonally appea?ed Lli l l i nm ~ni ' end Elizabeth T. Spinks his wifc, t~ie well known and known to me to be the individuals described in and who executed the foregang instrument, and acknowledged before me that ~ y executed the same for the purposes therein expresxd. And the sai wife of the said upon a sepsrate a~d private exam~nat~on by me taken xparaie and apart fram her said husband, adcnowledged to and befwe me t t ted i instrumeM frcely and voluir ~arily a~d without any compuisa~, constraint, apprehension.lor fear of w from her said husband. ~ 9 WITNE55 my hand and afficial seal this q~ dsy of A D. 19_~ ' i {or tate of f{orida at l~rye`:~.~,~,~~i : My Comm+ss' xp7res: - t G ~ ' _ • ' ; Retum To: '.t' ` ' F t'; ! Firsi F~tkral Savings 8 Loan Association i?.. Of Fort P:erce. ,.~T ~ U•; N r Fort Pierce, florida ~ . , • C~f` . Q - ~ ~A.It ~ ~ ~ ~ r' . . ~L lJ~S 3{i~,, ~ ~ . c_. . ,4~~:rRtT~, INC. ~ ~ 4 ,j ; o = This Instrument Prepared 8y Gary F. Ell~+?ood 7r ~7~ Q,.•;k~'. V~ ; : - :.s.:;.- First Federal Savings 8 Loan Association STATE ~ ` of Fort Pierce r ' , _ - ~.~t. Florida Checked By BOOK 214 PACf 19e'7V sb . l ~ _.'=~..~J~-~,~~'_..~ ~r~'~~ - - - - - -