The URL can be used to link to this page

Home My WebLink About0174 3. To p~ace and continuously keep on the bui!d~ngs now ~w he~eafter s~tuate on sa~d ~a~d and on al! equip~nenl snd pe~sonally covered by ~hi~ matg- sgs, wiih all premium~ thereon pa~d i~ fuli, iire insurance in ~he usual srandard po~~cy form, in a sum approv~J by ~he MOR(GAGEE, and wind~torm , ~nsursnce in ths usual s~andard pol~cy fo~m, in a sum spproved by the MORTGAGEE, in such company or companies as the MORTGAGEE may direcl; and •II firs ~nd w~ndswrm insurance policies on any of sa~d build~ngs, any iMera~1 lherein or part the~eof, in the aggregate sum afwe~a~d or in sxceii thercof, ihall contain the usual s~andard mu~gage~ dause w such o~he~ clauee ai the Mort~agee may requ:~~, maAirq the toss under so~d poti- ues, esch and every, payabte ~o ssid A17RTGAGEE a~ ~t~ intzrast may appear, and cach and eve~y such po~~cy shall bs promp~ly ais gned and delivered ~o •ny held by iatd MORTGAGEE as fu~ther security to said mortga9e deb4 and, not less than ten (10) days in advance of the G=p~~ation of esch policy, to da live~ to said MORTGAGEE a renewal thereo(, toge~her with a rcteipt (or the premium o} such ~enewal; and there shall be no i~rs or wi~ds~or~n insura~cs pfaced o~ a~y of u~d buildings, •ny inte~est therei~ or parl thereof, unleu in the fo~m and with the loss p+yable as sforesaid: and in the event any sum of monsy becaoei payable unda such policy a po~~cies said MORTGAGEE ~hall have the opt~on ~o receive a~d apply the san~e on account ol the in.~rbtrd- ness secured hereby o~ to permA said MORTGAGORS lo receive and u~e it o+ any part thereof for othrr pwpases. witlw~t ~h:~~bt wai~i~i~ o~ ing any equity, lien q right under or by virtue of this mor:gage; snd in the eveN wid MORTGAGORS sha~l (w any reason fail to keep the sa~d prem~s:~ so insured, or fail to deliver promplly any of said policies of insurance fo said MORTGAGEE, o~ fail promptly to pay futly any p~emivm therefw a in a~y respecl (ail lo pe~(orny discharge, execute, effecl, complete, comply with and abida by thi~ covenant, a any pari hereof, said I~10RTGAGEE may ptace and pay fw iuth insura~c~ w any part thereof without waiving a affecting any option, lien, eq~~~y, or r~ght unde~ or by virtue of this Mortgage, and Ihe full amount of each and every such payment shalt be immediately due and payable and ihall bear interest from tha date thcreof until paid at the rate ot n~ne per tentum per annum and toge~ha~ with such interest shali be secured by the lien of thi~ morlgage. 1. To permi?, cortwnit or suffer no waste, impairment a deterioration of said property o~ any part thereof. • 5. To pay all a~d singufa+ the costs, charges and expcnses, ~ncluding a reasonable ~ttwney's fee and costs of abstracts of title, incurred or paid at any time by said MOR~GAGfE, because or in the event of the failu~a o~ the part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge, execute, effect, compkre, comply w~th and ab:de by each and every the stipulauons, agreements, cond~tions, and covenants of sald pror.~isso~y note and this mw~gage any o~ either, and sa~d costs, charges ar+d expenses, each and every, shall be immed~ately due and payable; wherher or not there be no~~ce de mand, ~ttempt to collett w suit pendiny; and the fult amount of each and every svch payment shall bear interest from the date thereof until p~id a1 the rate of nine per trntum pet annum; and all said costs, tharges and expenses incurred a paid. logethe~ w~th such interest, ihall be sKUted~by the lien o( th~3 mortgage. j 6. That (a) in the event ef any breach of this Nbrtgage or default on the part of the MORTGAGOR, w ib) in the event any of sa~d sums of money he~ein roferred to be not promptly and [ully paid w~thin thirty (30) days neat after the same severafly becoem due and payable, wilhout demand o? notice, or (c) in Ihe event each and every the stipulatio~s, agreements, conditions and covenants of sa~d promisso~y note and th~s mortgage any w either are not iuly, promptly and (ully performed, d~scharged, executed, eifected, canplete<l, compl~ed w~th and ab~ded by, then in ei~Fxr a any such event the taid ag- gregate sum mentioned in ssid promissory note then remaining unpaid, with in~erest accrued, and ali moneys srcured hcreby, shatl become due and pay- eble forlhwith, or tFxrea(ter, at the opt~on of said MORTGAGEE, as fully and completely as ii all of Il~e said sums af money were wig~nslly ttipuiatcd to be paid on such day, anylhing in sa~d promisaory note or in this Mwtgage to tlx cororary notwithstand~ng; and thereupon or thtreafter at the op~~on of ! said MORTGAGEE, without not~ce or demand, suit at !aw or in equity, therefwe or thereafte~ begun, may be prosecuted es if all moneys iecured hereby had matutcd pnor to ds institution. 7. Tha1 in the evenl tnat at the beginning of w at any time peading any suit upon ~his Mo~~9age, or to foretlose it, w to refqm it, or fo enforce payment of any ctaims hereunder, said MORTGAGEE shall apply to the Cou~t having jurisdiction thereof for the appointment of a Receiver, such Courf shall Forthwith sppoint a receiver of said mortgaged property all and singutar, includ~ng all and singular the income, prof~ts, issues and revenves from whatever source derived, each and every of wh~ch, it being expressly underarood, is hereby mortgaged as if speufically set fo~~h and deuribed i~ the granting and hakxndum clauses hereof, and such Receiver shall have all the broad and efiec?ive fund~ons ar~d powers in anyw~se entrusted by a Court to a Receiver, and ; :uch appointmenl shall be made by such Court as an admitted equity and a matter oi absolute r~ght to said MORiGAGEE, +nd without refererxe to the j adequacy w inadequacy of the valtle of the property mortgaged or to t!~e sotvency o~ insolvency ot said MORTGAGOR or the defer+dants, and that such f ren!s, profits, intome, ~ssues and revenues shall be applied by such Receiver accord~ng to the iien w equity of said MORTGAGEE and the practice of suth ~ Court. . 8. To duly, promptly and fully perform, discharge, execute, effecf, complete, comply w~th and abide by each a~d every the stipulatians, agreements, + conditions and covenants in sa~d promissory note and this mwtgage set forth, 9. Thst in the event the ownership of the mortgaged premises, or any part thereof, bccomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successws ar~d ass~gns, may, without notice to the MORTGAOR, deal with such successw w successw in interest with reference to this ~ mortgage and the debl he~eby secured in the same manner as with Mortgagor w~~hout in any way vit~ating o? d~xhargirg the Mutgagori liability herr under u upon the debt hereby secu~ed. No sate of the Fremises hereb; mortgaged a~d no forbearance o~ the part of the MORiGAGEE or its successors or assigns and no eatens~on of the time fw the payment of the debt hereby secured given by the MORiGAGEE or its successws or auigns, shall operate ro release, discharge, mod~fy change or affect the origi~al liabiliry of the MORTGAGOR herein, either in whole or in part. - ' 10. It is specifically agreed that time is of the esxnce af this contract and that no waiver of any. obli9ation hereunder or of the obligation ae- cured hereby shall at any time thereaFter be hetd to be a waiver of the terms hereof w of the instrument secured hetby. 11. Irt add~tio~ to the forego:ng month!y payments of p~inc'pa! and inrerest required by the prwnissory no!e ~secu+ed hereby, mortgagar covenants ' r.nd agrees to pay to matgagee wirh each monthly payrnent an add~ranal sum est~mated by mortgagee to be equai to 1; 12 of it~ annual cost of the follaw- t ing: ~ A-A~I real prop?rty taxzs levied or assessed agaeist the above descr~bed real estate. ; E B-Premiums on fire and windstorm inwrar.ce as herein requ~red to be carried on'ti~e improvemeats s~tuate on the abeve described premises_ C-Premiums on such mwtgage guaranty ir.surar.cE as mortgagee shall frcm t~me to time deem fit to carry on the loan secured hereby. ~ Mwtgagee shall from time to time notify mortgagor in writ~ng of the amo~nt due and payable Fxreunder and such sum shall thereupon be due and ~ F~Yable on t5e due date of the next monthly paym.ent and each successive month tnereaiter until mortgagee shall not;fy r.wrtgagor of a change in such ~ ~~~;ount. Such sums shail be applied by mortgagee toward tF.e payment of real property taxes, insurance p~em;ums, and mortgage' guaranty insurance ~ premium3• . IN Y~ITNESS 1NNEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a ear first afwesai ~ Sig , Sea a del' red ia the pr ence of: ' ~ l~~/ J~/ ($ea4 ~ - Darrel t,'. Staat ~~a~ ; ~ , . • ~'1_" tSean ~ X1 ~i Caro R. Staat rseaq ~ STATE OF FLORIDA ~ 5t. I.ucie ~ ~ ~ouNn oF Before me personally appeared Darzel t~• Staat a~J ~ Carol R Staat ~ • his wife, to me well known and known to me to be rne individuals desu~bed in and who ezecuted 1Fr_ foregoing instrument, and acknowledged befwe me that they executed the sam~ for the purposes s rherein expressed. And Ihe said rarOl}~ R~ $taat - ; ~ ~~Ife of the said Darrel Staat a seps~ate and private ~ examination by me taken separate and apart from her said husband, ecknowledged to and before me that she exetuted said instrument fregly and vofun- ~ ranly and withaut any compulsion, constraint, appreh or fear of or frort~ said husband. ,!~Nffly/~~ ~ ~ WITNESS my ha~d and offiual seal this C day of ~0. 19~ ~ i x- = : ~ Notary Public in and for the State of `f.~~a d latge . j~ ` My Commission eapires: G ' ~ - Return To: E'~ J Y- • v _ ~n Firtt Federal Savings 3 Loan Association N„~~ ~~'T~ :_i _ (V~ °t, ~ "C~ STrTE of FLORIpA at ~ ~ . Of Fort P:erce. ' '.;.i LA,-'iP 7. I9~ ~ L~/~~.. ~ ' Fort Pierce, Florida " IAN. `~,T^' ^ r ' , ra ' I~'~ ~r~can ba: i~ers Ir~surar,ce Co. ~ . r:~= ~ ~ ~ ~ . ' +~tt '.~,t'~~ ~:i:; - This Instrument Prepared By John ~••'.Collins FILfU R?._ ~:cC+~,~DEO ~ First Federaf Savings 8~ loan Association SL ~UCiE C ~UMTY FLA. • of Fort Pierce ~ Florida ~''=~aA~ \ ~ . pr ~~o`~ ~ ~..'_GCIF COURT ~ Checked By ~ ~ .iu~ 8 10 3~ A~ '73 ;5 ~ eoox 215 PacF ~7~ , ~ 25~309 ~ _ ,F ~ : - - _ - ~ ~ _ ~ ~ a - ~ ~ ~"y ~ ' ~ ~ ~ . _ . _ _