The URL can be used to link to this page

Home My WebLink About0379 3. To place and crnt~nuously keep on the bui'd~ngs now or herraher s~tuate on said land and on aU equtp~T~aro and peroonaily covered by thi~ morty- sgs, with all premi~ms ~harron pa~d in fu~~, fire insuronte in the uwat stendard polity form, in a wm app~ovrd by 1ht b~ORiGAGEE, and windatorm ~~~uranCe in Iho u~ual stand~rd pol:ty ~orm, in a sum approved by the MORTGAGEE, in suth compeny or co:opaniet as the MORTGAGEE may direcr; and all tire and w:ndsrc~m i~~swance pohcirs on any of sa~d build~ngs, aoy imeres~ the~ein or part Mereof, in the aggrega~e s~m sf~resaid w in txtess thr~eoi, she~l contain the usyat standa~d matgagaa ctause or such other clause a~ the Mo~lgagee may requ.re, malin9 ihe Ioss under se~d poli- cies, each and every, payabie ~o ia~d AIORiGAGfE as ~ts inrar~st may appear, and each and every such pot~c~ shall be promptly ass gned a~~d delive~ed ~o aoy held by seid MORTGAGEF as fur~he~ secu~ity ~o said mortgage deb?,- and, not less Ihan ~en (10) days ~n advance oi ihe expiration of each pol~cy, to de- liver lo said MORiGAGEE a renewal thercof, logcther with a retcipl for the ptemium oi suth renewal; and tfiere shal! be no f:re or winduorm insurante pleced on any of sa+d bvildings, iny interest therein or parl Ihereof, unless in ths form ~nd with 1he loss payable as afaesaid; and in Ihe evenl any sum ot money becomes payable under such policy or policies said MORTGAGEE shall have the opfion to recei~e a~~d apply the same on accounf o! the indrbred- j rass setured hereby or to ptrmit'said MvRTGACsOR$ fo feCeive an~ use i1 W sny - pa~l thereol to~ oiiic~ NurE'•oscs, w~~n.~t Ihe.. ua wai+ing ~r imp:~ir :~g any equ~ty, Iien a righl unda~ w by vir~ue of this mo::gage; and in Ihe event ~a~d MORTGAGORS shall fa any reason fail to keep tl+e sa~d premises so ? inswed, w fail to del+ve~ p~omplly any of aaid polities of insurance /o said MORTGAGEE, or fai! prompfly 1o pay fuily any premium thercfw or in a~y i respect tail b perfam, d~scharge, execute, effect, tompleta, comply with and abide by thi~ covenanl, w any part hrreof, sa~d MORiGAGEE may place and ? pay fw such insu~ance w any part the~eof without waivirg or affecting any optio~, lien, equity, or ~ighf u~der p by virtue oF this Mortgaga, and the ! f~ll amovM ol each and ever such mer+t shap be immed;atel due and j y pay y payable and shall bear interest fiom the date thereof uroJ pald a~ the ra~e of n~ne per cenwm per annum and togethr~ with such interest shaN t~e sawred by the tien of this mwtgage, 1 To pe~mit, commit or suffe~ no waste, impairment or deterioration of sa~d property w any part thereof. 5. To pay all and singular the cos~~, charges and expenus, i~cludirg a reaso~able atto~ney's tee and costs of abst~acts of title, incuned w paid at ~ any time by sa~d JNORIGAG:F, because a in the event of the failure on ~he part of the aaid MORTGAGOR to dvly, pranpely and fully perlwm, d~scharge. ~ exec~te, etfed, comp:ete, comply wilh and ab:de by each and every the stipuleno~s, agree~nents, conditions, a~d covenanrs of sa~d promisaory note and this martgage any w e~ther, and sa~d costs, charges and expenses, each and ey~~y, slwll be immed~ately due and payable; whether a not there be ~atite dr mand, attempt to coliect w suit pend~ng; and the fult amount of each and every such paymen~ shal{ bear interesf from the date thereof until paid al the rate of nine per centum ~r annu:n;.and all said costs, charges ard expenses incurred w paid, together wrth such interest, shail be secured by the lirn of thiti mwtyage• 6. Tha1 {a) in the event of any breach of this JNortgage or default on the part of the MOR•tGAGOR, or (b) in the event any of sald svms of money herein referred to be not promptly and futly paid wiihin ~hirty (30) days neat after ~he same seve~atty become due and payable, withou~ demand or notite, or (c) in thr event each and eve~y the stiputations, agreements, conditiony and covenaMS of sa:d promissory note and th~s mortgsge any w either are not ~uty, promptly and fully performed, d:scharged, executed, effected, completed, compiied with and a6idrd 5y, then in e~ther or ~ny such event the sa~d sg gregate sum mentioned in said promissory note then remai~eing unpaid, wieh interes~ acuued, and all mo~eys secured hereby, ihall becoma due and pay- able forthwith, or thereafter, at the option oi said MORTGAGEE, as fulty and completely as i1 all of the said sums of rtwney were orginaily stipulated to be paEd on such d4y, anythiny in sa:d promisswy note or in this Mortgage to the contrary notwithstanding; and thereupon d therealte? af !be op?ion of said MORIGAGE~, wi~hout not~ce or dema~:d, suit a1 ~aw or in eq~ity, therefore w thereaf~er brgun, may be prosecuted as if all mor~eys secured he~eby had matured pnor to ds institution. 7. That in 1he event thar at the beginning of or at any time pending any suit upon this Mortgage, w to foreclose it, or !o reform it, or to enforce payment o~ any claim: hereunder, said MOR7GAGfE shall apply to the Court having jurisd~ction thereoi for the appointment of a Receiver, such Court shall Fcrthwith appoint a receiver o! said mortgagcd properry all and singular, includ~ng a!1 and sir~gular the income, prof~ts, issues and ~evenues from wAatever ' sovrce dtrived, each and every of wh~ch, it being expressty undersrood, i: hereby morrgaged as if spec~fically set forth and deuribed in the grenting and t habendum clauses hereof, and such Receiver shatl have all the broad and effective f~~ct.ons and powers in anyw~se entrusted by a Court to a Receive~, a~d s~ch appointment shail be made by such Ccurt as an ad:nittrd equ~ty and a matter of absoiute r:ght to said MORTGAGEE, and without rele~ente to !he adequacy or inadequacy of the vatue of the p~operty mortgaged or to the so:vency or insolve~cy of said MORiGAGOR or the defendants, and that such renis, p~ofits, income, issues and revenues shall be apptied by such Receiver according ta the lien or equity of said MORTGAGEE and the practice of such C~uA. 8. To duly, prompNy and fulty pe+form, d'+scharge, execute, effect, comptete, compty wlth and abide by each and every tbe stipulations, agreements, conditions and covenants in said prom~ssory note and Ihis mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the M~RTGAGEE, its successors and assigns, may, w~thout notice to the ~MOR7GAOR, deal with suth successor w successor in interest with ?eFerence to this n,o~tgage a~~d the d=b~ hereby secured in the same manner as with Mortgagor without in any way vitiati~g w o~stharging the Mortgagori liability here- - ~nder or upon the dzb~ hereby secu~ed. No sal~ of the premnes hereby mortgaged and no forbearance on thc part oi ~he MORTGAGEE or its successors I o~ assigns and no ezrension of fhe time 1or the payment of t~e debr hereby secured given by the MORTGAGEE or its successors or ass~gns, si~all operate to release, d~scharge, modify change or affect the ori9inal Iiab~Gty of ihe MORTGAGOR herein, either in whoie w in part. 10. It is spec~fically ag.eee! that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation so- cvred hereby shall af any tir.~e ihereafter be he:d to 6e a waiver of the terms hereoi w of the instrument secured herby. I1. In add tion ro the forego'~~3 ~noMh!y paym~nts of pri~c'pal and int~~resi requ~red by the p~om~ssory note secured hereby, mortgagor tovenams ar;d agrees to pay to n;o:tgagee ~~ih each monehly paf,~,ent an add:r;onal sum est~n:a~ed b/ mortgagee to be eq~ai to t, 12 of the annual cost of the foliow- , : A-Al! real property taxrs levied or assessed agaisst thc above described real estate. B-Pmm~u•ns on f~~e and .,-indstorm inw~aece as hrrein requ;red to be ca.ned on the improvemezts. situate on the above described premises. C-Prem~vms on such moctc~age guaranty inavrar:ce as rrrortgagee shail fro:n f:me to t~me deem fii to carry on the loan secvred hereby. Mortgagee stiall from t~me to time notify merrgagar in writ~ng of the amou~t due and payable hereunder and such su:n shall thzreupon be due and ~ ayable on the dve da!e of tn>_ next mo~th:y payment and each successive rnonth thereafter uctii mortgagee shall not~fy rr~ortgagor of a change in such s-~ount. Such wms sF a:~ be apF.iicd by mortgagee to++ard the payment of rea! property taxes, insurance prem;~ms, and mortgage gvaranty insurance rremiums_ IN WITNE55 V:M~RFOF, the said M,ORTGAGOR has hereunto set his har.d and seal the day and~year first or d. ~gned, Sealed a d d 'ver i the presence of: ~ yJ j , ~ sean i . _ tt . ~at r 3eld ~~a~~ ~ ~ 'i - ~ s~ai~ , ` _ - Et e C. Satterf el (~a~) ~ SiAiE OF FlOR1UA ~ ~ ~OU:vTY OF St. Lucie ~ E ~ Before me personally appeared _~tt0 R. Satterfield and ( _ Ftifel C SatteZ'f1Ql~j his wife, to me well known and known to me fo be the individuais described in and who execu:ed rhe foregoirg instrument, and atknowledged before me that they executed the sartx for the purpoaes rhe~e~n expressed. Ar~d rhe sa+d__ Etti@1 C. Satterfield ~ +~~•`e of the said " ~tt0 R. Satterfield ~ a separate and private e~am~nat~on by rne taken aeparate and apart from her said husband, acknowledged to a~d brfwe me that she executed said inatrument freely and volur?- +~~ity and without any compuision, corutraint, appreF~ensiore, or fear of or fram her said husband. s WIiNESS m han . Y ~(~rtedc9ff~cial se~.this_ day of_ J~e _ A. D. 19 73 - '•J, l, . - " _ , • _ ' Notary Public in and for tj~ State of Florida at Large , ~ - ~ My Commission expires: v _ ~ R~„~s~ : . ` First F~ra~ ~avi~i ~ Loan Assqciatiqn, i ' - ~ - : ' Of F rt' P erce. ; ` ;~{orj ~inrt~ Fjqida~ ~ • ' Na~Y Sfth d M/1~ ~t {w~ ~ ~ ~t~' ~ ~r F _ Mr Commissien E:pins Od. i0. 1l7s - ~ir _ ~ • • dondad by Am~rlcan Rr~ i f_aw.IK. ~~''~T\ /1 ? _ = This Instrum'ent'Prspared By J. H. Robetts ~Jr. FILEO ECOROED First Federal Savings & toan Association ST_ WC~: ..vJNTY fU. ' of Fort Pierce P..G~~ • ~~':TRAS ~ Florida CLE~~ ~OURT ~ FEfQRJ V: = :.c~ Checked By . 4? ~il ~~3 ,JuM ~ 1 10 ~ ~ 80or.2~~J ~~rE e3~ 25~i~~0 . ~ _ ~ ,w.-~'~k~" ~ s, ` s ' V~-.~a^,~" 's".•-L~.~,~~, *-~'a,.-r' ~-.a r a,,, ~ - ~`~`v~..~~'~~ , . r-Fm , K_ : f~ ~',~~f