The URL can be used to link to this page

Home My WebLink About2838 3. To plx~ a~d tontieuouily kt~p on IM buildinps now or Mreaft~~ sitv~t~ oe said land ~nd on all eqvipmenl and p~~sonally tov~r~d by Ihii end~¢ p~, with all pr~mivms thereon p~id in full, fire Ifl3Yl~Mf i~ ~Fw u~ual s~~rd~rd potKy form. in a ium app~oY.d b~ tM MORtGAGEE, •~d winds~wm tnswN?c~ in tM.usual ~~andard pollcy fam, tn • sum spprovad by the MORTG/1GEE, in wch company a companies a ~M MORiGAGEE may dinct~ a~d a11 tir~ and windi~orm insur~np policies on ~ny of isid build~npa, ~ny iro~~~s1 tFKr~in or p~rt ther~of, in 1M aQq~e9~~~ wm ~fa~~id a In ~xtess Ihe~wf. ihall contain ~M us~al itandud mor~papN tl~us~ w ~uch otFwr claus~ u IM Ma~9a~ may requ~r~. m~klnp rh~ lou ur~de~ a~~d potF ciy, tach and ~v~ryr, payabl~ ro said MORTGAGEE is itt interest may app~ar, ~nd e~ch and ~vNy ~vch policy ahall b~ prompNy us qned and detivered ~o •ny held by s~id MORTGAGEE ~s furlher security ~o said mwt9~q~ debt, end, not leu tMn ten (10) dsys in sdvance of tM expiraiion of each polity, ~o dr ~ liw? to iaid MpRTGAGEE ~~e~awal Ihereof, toqether with a receipt fw tM p.~m;um of svch ~~newal; ind thsr~ sMll h~ no fire a windstam inwranc~ plac~d o~ ~ny of said buildings. ~ny iMe~es1 ihe~ein w psr~ thereof. unlesi i~ tlw (orm ~nd with tM loss payabl~ ~i afa~saids and in the ewent ~ny ~wn of naney becanea p~yable unda such polity u policiei said MORTGAGEE shall haw th~ optan to receive snd apply ~he same on accovn~ ot tM intlebted neu ~ecursd hereby w tp permit said MORTGAGORS t0 reteive u~d uM (f p any parl Ihe:eof for othe? purposes, w~~hout Iha~eb/ waivi~iy o~ unpair• ing any pvity, lien or ri9h1 unde~ w by virtw of this m~t~~psj ~nd in tiw ~vent ~aid MORTGAGORS iha~l fa any r~awn fail to keep fhe aid pr~miios w ins~~cd, or fail fo detiver promptfy any of said policies of In~u~ance to said MORTGAGEE, or tail promptly to pay futly ~~y pemium tF?arefw or in any reipact fail ro pafam, diuharge, executs, effed, complete, comply with and abide by this covenant, a ~~y part her~of, said MORTGAGEE m~y pl~ce and paY for s~ch ins~rancs or ~ny part fhereof wi~houf waivinp w ~ffeatnp ~~y option, ti~n. p~;ty. o~ right unda a by vi~tw of ~hls Mort~aps. ~nd 1he full ~mo~nt of each and tvKy such payment ~+all be immediately dw and psyable ~nd ihall peu imaresr from tM dat~ ~hereof until paid at ~hs ~at~ ot nine per ce~tum per annum and together witl~ such interest shall be secured by tht lien of this morty~y~. 1. To permit, commit w wffe~ no wasro, imp~irmeM or dete?ioration of uid property w~~y parf tAereof. . 5. To pay all ~nd singular the cosu, cF?arges and expenses, includinp • reasonabts attornsy ~ fse and coits of abst~acts oi title, incvrred w p~id ~t any time by said MORTGAGEE, betause w in the ~vant of ~he failure on tM paN of ~I?~ said MORTGAGOR ro duly, promp~ly and fully pertorm, d~xharyt. execute, effecl, complete, compty w~th and ab~de by each and every the itip~rtations, ~greemeMS, conditioni, +nd cow~anti of uid promissory ~ofs and ~hii mongage any or eithsa, and said cosn, chsrges and expensei, each and svery, iMll b~ immediately due and p~yable; whether w not ther~ b~ ~otice ds mand, attampt to cotlect or suit pendingj and the full srtauM of each and avery t~th payment fhall be~r ;nteresl from the dats Ihereof vntil paid d the rate of nine per centum per annum; and ai1 said cosrs, charyes and expenses incvrred o? paid, ~ogetha weF~ suth iniereit, ihall be ~ecured by ~M liso oi this matya9e. Q That (a) in the event of any breach of this Mortgay~ o~ defsull on tM part of ths MORTGAGOR, or (b) in tM evenl ~ny of ssid swrq of monsy herein roferred to be r+ot promptly and fuily paid wirhin thi.ty (30) days next afrer the_:ame ssve~al~y becoms due ~nd payabls, widw~~ demand a notice, o. in the evem each ~nd avery the itipulations, agreemenn, conditions and covenants of ss;d prom;ssory nots and th~s ma~ya9e any w ei~her •re no1 ' iuly, promptly a~d fully performed, dixharged.~executed, eifected, completed, compl~ed with ~~d abided by, the++ in e~ther w ~ny tuch ewnt th~ aid ap~ greqate sum menYaned in said promiuwy nofe then remaining unpaid, with interest atcrued, and a11 moneys sacured I+ereby. shall betome dw snd pay~ able forthwith„ or thereafter, at the option of said MORTGAGEE, as (ully ~nd completely as if ~II of Ihe said tums of money were aiginally at~pulated to be paid on such day, anything in sa;d prom~ssory note or in this AAwtgage to the contrary notw;~hstandfng; snd tliereupon w thereafta a~ ~he option of said _MORTGAGEE, without notice o? demand, suit at law or in equity, tFxretue or thcrealter begu~, may be proxcwed ai if all moneys sacured hereby had maturcd prior to its institution. 7. lhat in the event that at the beginnirg of or at any time pend;~g any wit upon this Mwtgsge, a to foretlose h, a tt, refam it, or to enfwu paymeM of any claims hereunde~, said MORTGAGEE shall apply to the Carrt fiavirtg jurisdrction thereof for the appointment of • Receiver, such Cou~t sMll Forrhwith appoint a reteive~ of said mortgaged property all and tingular, includ~~g all and singvlar the income, profits, isw~ ~ncl revenues trom whatever source derived, tath and every of which, i! being expressly understood, is hereby mortgaged a~ if specifically tet fwth and deK~ibed in ths 9~entiny and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powcrs in anyw~se entrvited by ~ Cou~t to s Receiver, and :uch appointment shall be made by such Court as an admitted equity anr! s matra of absolute right to ssid MOR)GAGEE, snd v~ithout ~eierence to the edequacy or inadequaq of the value of the prope~ty mwtgsged or to the sowency or insolvency oi said N10RTGAGOR w the defendanti, and that ivch rents, profits, incane, ~u~es and rovenues shsll be spplied by such Receiver according to Ihe lien or equiry of said MORTGACsEE .v~d the prsctita of such Covrt. 8..To duly, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and every the slipulations, agreementi, ~ conditions and covenants in said prbmissory rwte and this mortgage sef falh. 9. that i~ fhe event the ownership of the mortgaged premises, or any part thereof, becomes vesfed in a person other fhan fhe MORTGAGOR, the MORTGAGFE, its successas and auigns, may, without notice to the MORTt'aAOR, deal with such succeuor w successor i~ i~terest with ~eference to thii mortgage and the debt hereby secwed in the ssme manner as with Nbrtgaga without in sny way vitiating w dixharging the Mprt9sgors' (iability Mre- under w upon the debt hereby secured. No sale of the premises hereby mwtgaged and no iwbea?ance on the psn of ths MORTGAGEE a its successws or assigns and no extension of the time for the payment of the debt hereby secured yiven by the N10RTGAGEE or i1i t~ccessors cr auigns, shall operate ro releau, diuharge, modify change a affect fhe wg;nal tiability of the MORiGAGOR herein, either in whoie a in pert. 10. ft is specificatly agreed that fime is of the easence of this contract and that no waiver of any obligat~on heieunde~ or of tha obllgation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereoi w of t}x instrument s~c~red herby. 11. In add~tion to the fwego:ng monthfy payments of princ'pal and interest requ~red by the promissory ~ore secured hereby, mwtgagor covenants and agrees to pay to mortgagee with each mo~thfy payrnent an addirional sum est~mated by mortgagee to be equal fo i/12 of the annual cost of tFx follow- iny: A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements sit~ate on the above described premius. C-Premiums on such mwtgage gua~anty insurance as mortgagee sha(I from time to time deem fit to carry an the toan secured hereby. Mortgagee shall from time to tirne norify mortgagor in writing of the amount due and payable hereunder ~nd suth surr ahall therevpon be due end Fayable on the due date of the nexl monthly payment and each svccessive month thereafter urtil mortgagee shall' not~fy mortgagor of a change in such amount. Such sums shall be appfied b morlgagee toward the payment of reat property taxes, insurance prem;ums, a~x! rtwrtgage gua?anty inw?ance premiums. IN ITNES$ F, the s M AGOR has hereunto set his hand and ieal the day and year first a{or id. Sig a er e pr of: -y~ GO~J~~ / ry - H. R oe? ~ Lenore A. Rhoat ~ rc.,~~ ~ , STATE OF FIORIDA ~ ' St. Lucie couNnroF I Before me penonally appeared James H. Rhoa,t ! LenOle A, RhOat his wife, to me welt known and known to me to bs ! the individvab davibed in and who executed the foregoi ~nstrument, and~no ledged before me tMt they executed the sarn~ for tF+s purposes ~ rherein expressed. And the sa~d ~nore A. K~108t i ~ t ` w~?e of the said JA1~5 H, Rh08t uPVrt'wse~ara~s~'snd_~iry~ i examination by me taken separate and apart from her said husband, ac(cnowledged 4o and befwe me that she executed iaid iroiruaten?~RlMlr~~vpliyi.: - tarily and wifhout any compulsion, constraint, appreF~ension, or feu of w from her said husbiind. . ' WITNE55 my hand and official seal this_ _ dsy of `T~e ~ t~ jr ' A. 1~4~~: . , . s; ' Ct~.~-, ~ Notsry Pubt'K in and fw the State~. afi i~~t l~r My Commission expires: P f~ ~ . ~ ; Retur~ To: } . First F e d e r a l S a v i n g i a l o a n A s s o c i a t i o n ; Of Fort P~erce. IIOTARY PUBLIC, STATE af RORIDA it LltRGE Fort Pierce, florida ~AY Cfi!dll,1S~1~N EXFi3ES $EpT, 25, 1915 Bw~c~ Ey Ameri;an B,~nken Insu;ance ~;o~ John W. Collin s F~~f~ R'~- 'fi,v~~fp ! This lnstrument Prepa~ed By sLLttC:E '^yMTT fU ~ i~~~]L. ; F+rst Federa! Savings & Loan Association ~~'L~~,'~~~~R~S ~ioO ~ of Fort Pierce , Florida ~~f f~R t i;=~~' ~GURt acr~!{,Y~ • r'~ Checked By ~ ~ S 3 s7 PM ''j3 sb 8oor.2~~ PA~E2835 ~ ti = _ r. ~ ~e 7.,. : ~ '~'-:~,r`*"'~~' u _ . . _ . - - ~ - - ' ~,.~s:;-~'~ , tk~-1~~"?F~ _ ~r,~f _ . i. _ - .