The URL can be used to link to this page

Home My WebLink About1451 9. To ptace and con~i~vousiy keep on the bu~:d~ngs now w hereafter ~ituate on said I~nd and on all equipment ~nd personally tovered by this matg~ sge, with sil premiums therca? pa~d in lull, (ire ins~~ance ~n ~he usual standa~d poticy fo~m, in a sum approved by the MORiGAGEE, and winJsrwm insurance in ~he usval ~~a~da~d pol~cy iwm, in s ~um ~pproved by the MORIGAGEE, in tuch company or companies as tt~s MORiGAGEE may direct~ and all f'ae and windstorm i~suronte policiet on +ny of sa"id buitdinps, +ny inlerest therein or part Ihareo(, in the apqroqate sum ataesaid w in ~aceu thereof, thall contain the utual standard matgagee tiausa a such otha ttaua~ a~ fhe Mo+t9agee msy ~cqv~re, making the lo~s 4ndN sa~d poli~ c~es, cach and avery, payabFe to said MORTGAGFE as its in?ereil may ~ppea~, snd each and eva~y such policy ~hall be p~omp~~y +ts gned a~d deliveresl ~o •ny held by said MORTt'aAGEE at further ~ecurity to uid mortyage debt, and, not leu than ten (10) days i~ advance of the txpirotion o1 each policy, to dr livs~ to uid MOR~GAGEE s renewal thercof, togetMr with a reteipt fo? tht p?emium o! sucl+ renewal; and there ahall be no f~re or windstor~n inSUtiMf pleced pn ~~y of said buildings, any intercit therein or parl thercof, unleas in Ihe form and with the loss payable a~ alweiaid; a~d in the event any sum ot mo~~y bctpmei payable u~der such policy or policies wid MORiGAGEE shall Favs the optfo~ to receive and apply the same on account of the indebted• ness secu~ed he.eby o~ to perm;t said MORTGAGORS to receive and us~ it p any part thereof for oshe~ purpoaes, .vl~hout thr~eu~ wai~i~~g or u~~pair- ~~+g any equ~ty, lien or right u~der w by virtus of this mo:!gage; ~nd in tM evenl is~d MORTGAGORS shall fw any reason tail to Aeep the said p~emisrs so insurttl, or fail ro deliver promplly any oi said policies of insurante !o said MORTGAGEE, or fail promptly to pay fuily any prernium thuefor w in any retpect fail to paFwm, diuht~ge, e:ecute, effecl, complete, comply with and abide by this cove~ant, w any part hereof, said MORiGAGEE may ptace and pay fw such insurance w any part thereo( without waiving o~ ~ffecting a~y option, tien, equity, w righf under w,by virtue of this Mwtgage, and the ' full amounl of eech and eve?y such payment shall be immediately due and payable and shall bea~ intere~t from tha date thereoi until paid at ths ~ate ol ~ine per centum per annum and to~ether with such interest shatf be secured by the lien of tA~a ~wrtgage. , 1. To permif, commit or suffer no wesle, impairmcnt or deterioration of said p~oFerty o~ ~ny parf fhereof. S. To pay all and sinpulu the cosls, cMrges and expenses, inciud;ng a reasonable atrorney's (ee and coses of ab~~~ads of title, inc~rred w ps~d a~ sny lime by asid MORTGAGEE, becavu o~ i~ the event of Ihe failure on tF+e part of ths said MORTGAGOR to duty, p?omp?ly and fulty perlorm, d~scharge. sxecute, effect, comptete, comply w~th and ab~de by esch and every the stipulations, ag~eements, condilion~, snd covenann of sa+d p~omissory note dnd ~his mortgage any a aither, and saa! cosh, charges and e~cpenses, each and wevy, shall be immediately due and payable; whether a not there be notice da mond, attempt to cotlect a ~vit pending; and the full amount of each and every suc6 payment shatl bear interest from Ihe date tFroreof until paid •r the ~ate of nine per cemum per ~n~ium; and all said cosn, charges and expenses i~curred p paid, together w~th tuch imerest, shall be secured by the lien of thif mortpage. . 6: That (a? in the event of any breach of this Mortgage or default o~ the part of the MORTGAGOR, or (b) in the event any of sa~d sums of mor?ey hrrein referred to be no1 promptly and fu~Fy pafd within thi~ty (3p) days next afrer the same ieve~alty become due and payable, without demand or notice, or (c) in tl~e event cach and every the stip~rlations, agreements, conditions a~d covensnts of sa;d promiuo+y note and th~s matgage any or either are oot iuly, promptly snd i~lly perfwmed, d~xharged, executed, effected, completed, complied with and a6ided by, then in eithtr w any such event ths said ag gregata sum mentioned in ssid promissory nora then iemaining unpaid, with inrerest accrued, and all mo~eys secured hereby, shall become due a»d pay- abie fwthwith, w tFureafter, at the opt~on of said MORTGAGEE, as iulty and completely as if all of the said sums of money were originalty itipu:ated ro be paid on such day, anything in sa;d promisswy note or in this lNortgage to the contrary norwifhstanding; and thereupon or thereafter a1 the optio~ of said MORTGAGEE, without norice or demand, suit at law w in equity, therefore or therealier begun, may be proxcuted as if all moneys secured hereby had matured pnor to in institWion. 7. That in the event that at the beginnirg of w af a~y time pending any suit upon this Mo~tgage, a to forec~ose it, o~ to reform it, or to enfo~ce payment ot any claims he~eunder, said MORTGAGEE shall apply to the Court havirtg jurisdictio~ thereoi fw the appointment of s Receiver, such Court sF~all Forthwith appoint a receiver of said mortgaged property all and singular, indud~ng all and singufar the income, p~o(its, iuues and revenues from whateve~ so~rce de?ived, exh and every oi which, it being expressly understood, is hereby mo~~gaged aa if specifically set fwth and descri5ed in the granting a~d habendum ctauses herrof, and such Receiver shall have all the broad and etfecrive funct,ons and powers in anywise entrusted by a Court to ~ Receiver, and s:;ch appointmenf shall be made by such Court as an admitted equity and a rt+atter of absolute right Io uid MORiGAGEE, and withovl reference to the adequacy or inadequacy of the value of the property mprtgaged or to the so~vency or insotventy of sa~d MORTGAGOR or the defendann, and rhat such ren+s, profits, income, issues and revenues shail be applied by such Receiver accwding to the tien or equity of uid MORTGAGEE and the p~actice of such CauR. 8. Io duly, promptly and fulfy pcrferm, discharge, ezecute, cffect, completr, comply with and abide by each and every the stipulations, agrecments, ~ conditions and covenants in sald prom~ssory note and th;s mortgage sEt fwth. ` 9. That in the event the ownership of the mortgaged prcrr,ises, or any part thereof, becomea vested in a person other thart the MORTGAGOR, the h'ORTGAGfE, its successo+s ar~d assigns, may, wi~hout norice to fhe MORTGAOR, deat with such successa a successor in interest with reterence to this mortgage and tF~e debt hereby secured in the same manner as w~th Mortgagw without in any way vitiating a d~uha~ging the Mwtgagors' tiability herr under or upon the debt hereby secured. No sate of the premixs hereby mo~tgaged and no forbearance on the part of the MORiGAGEE w its successors or a:signs and no exre~sion of fhe rime for the payme~~ of the deb+ hereby secured g~ven by th~ MORTGAGEE or its successws w au~gns, ahall ope~ata ro release, discharge, modify change w affect the o~ig~nal liab~l+ty of fhr M.ORtGAGOR herein, eitiier in whote or in part. 10. It is specificaliy ag~eed that time is of the essence of this co~tracr and that no waive? of sny obligation herevnder a of the obligation sr c~red hereby ahali at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In add;tio~ ro the forego'ng month~y paym~nts of princ pal and inte~est required by the promissory no!e secured hereby, mortgagar covenants and agreea to pay to mor!gagee v~i~h each monthty payrnent an addi~ional wm estimated by mortgagee to be equa! to 1/12 of the annua) cost of the follow- ~ng: A-All real property taxrs levied or assessed agae~st thc above described real estate. B-Pren:iu:ns on fire and v~~ndstorm ~nsurance as herein requ:red to be carried on Ihe improveme~ts situate on the above described premises. C-Premiums on such mort~age guaranty insura~~ce as Reortgagee shall from.t~me to, time deem fit ro carry on the loan secwed hereby. Mor~gagee shatl f~om time to r~me norify mo~~gagor in w~;t~ng of the amount due and payable hereunder and such sum aha{I thereupon be due and ~ ayable on the due date of the next monthly payment and each successive mor.th thereafter ur.til mortgagee shall notify mortgagor of a change in such amount: $uch sums sF.ail be appiied by mongagee toward the payment of reat property taxes, insurance prem;ums, and morigage guaranty insurance p: emiums. IN WITNESS LYH:R'cOF, the said MORTGAGOR has hereunto set his hand and seal the day and ar irst afwesai , S~gned, Sealed and deliva in the presence of: _ ' Ses4 ~ .-P A ;G~~~ . ai ey Seaq ` ro yn . ai ey (Seal) , STF,TE OF fl0ltlDA ` ` C~UNTY OF St . LUC le i ~ ~ i eefore me pers«wUy ap peared C~d~l I.. Bai le,y a~ ` Cdr01)7t1 R. Ba11Qjl _ his wife, to me well krawn and known to rr?~ to be ~ the individuais desvibed in and who executed the fwegang instrument, and atknowpedged before me that they executed Ihe same iw the purposes ~ therein expresxd. And the ~a~-^ Carolyn A. Bailey i wife of the said ~"'~~~al ey upon a sep~rate.and prrv~te exam~nation by me taken separate a~d apart from her said hvsband, acknowtedged ro and before me that she executed said instrume~t freelg.~d-yolvt~- "t rarily aod w+lhout aey compulsion, constra;M, apprehens" w fear of or fram her said husband. . ` WIiNESS my F~and and official seal this ~~R- _ day o~ !'q,"p;.~9,_;~~ - ! J - ~ ~U • . - ' Notary Public in and for State , Fio~n~a Lsr~e '-t = %j ' - Retum To: b My Commission expires : Q _ _ First Federal Savings 3 loan Ass«~at~on N~A~ ~1g-k=• ST-1~E~if F[QRlD.4 at1A~? Ot fort P:erce. MY i;". . 1~ Fort Pierce, Flor;da do~deo , ~2-~4-75 ~ ' %~,i:N~{,11`•~` E s This Instrument Prepared By Thoma?S A. i'l.Y1SCO11 ~~zfa~4-''=C~••r'f~ ° First Fec3eral Savings 8~ loan Association ST. LJi, ::UM ~ r ELA. ~ of fort Pierce~ Flor ida ROG :==~''R~S I~ f ~ ci~~r - c~vRT ~ J ac~~r,r,• Checked By ,jt~i 19 9 36 RN'73 ' ~~~~215 F~~f14~8 zs~os~ ~f _ ~xv ~ : - _ - - - .~2~ y-.~,..-_t~-.. ~ _