The URL can be used to link to this page

Home My WebLink About1620 3. To piac~ snd continuou~ly keep on the bui'd~ngs now or hereatter ~~~vate on s~~d Isnd and o~ e~i equtpmen~ and personslly covered by thii ma~g- sgs, with all premiums thereon pa~d in full, fire insurance in rhe u+uel sts~da.d policy form, in • fum approved by ths MORIGACafE, and windstwm S inturanc~ in the uswl standa~d pol~cy (o+m, in a sum app~oved by 1M MORTGAGEE, in such company or companiet at tM MORTGAGEE m~y ~ d~rects +nd all fir~ ~nd w~ndstorm insura~ce pol~ues on a~y of se~d build;np~, any Interest ~herein or pa~~ thereof, in !M aggre9ate ~um aforetaid ot in ~xtcu thcreof~ thall contain the usual standa~d mcrtgag~e c~ause a tuch otM~ claus~ as !hs Ma~gagee may requ~rt, makin~ tFK los~ unde~ sa~d poli~ cies, e+ch and every, payabl~ to said MORTGAGEE as its inte~e~t may appear, a~d e~ch and eva?y svch pol~cy shall be promptly ass gned and detivrred to any held by uid MORiGAGEE ~s iurther security fo ~aid n:ortgaga deb1, and, not Ieu lhan ten ti0) deys in advancs of the expiration o! rach palicy, to de- ~~ye~ fo said MORiGAGEE • renewal the~eof, toqe~her with a receipt fa the p?emium of tuch renewal; a~d there shatl bs no f~re o~ windstorm insurant~ p~ated on a~y of sa~d build~ngs, any interett thertin w part the~eoF, unless in the form ~nd with th~ lou payable ai afwesaid; and in tla event ~ny :um u~ rtwney bccomes payable under such poliq or policies ~aid MORTGAGEE shaU have the optio~ to receive and apply the ~ame o~ accounl of Ihe indnbtcd neu secured hereby w ro permit u~d MORTGAGORS to rece~ve and use it w any part thereof Iw othe~ purNOaes, ve~thout ~h_reo~ wai~~~~~ or ~n,pair in~ any equity, lien or ri9ht unda a by virtue of this mo:tgage; and in the event sa~d MORTGAGORS sha!! for a~y ~eason fail to keep the said premises ao inaured, or fail fo deliver promptly any of said policiet of insurancs to taid MORTGAGEE, or fail promptly to pay lully any premium therefw o~ in a~y ~espect fail to perfam, discha~ge, execute, effect, tomplete, comply wi~h and ~b~de by thii cove~ant, w any parl hereof, said MORiGAGEE may place and pay fo~ svth Insurante or any pa~t tFuaeof without wsiving w affeclinp any option, lien, equiry, o~ right undcr or by virlus of this Matgage, ~nd the full amouM of each and every such paymenf ~hall be immediately due and payable and shall bear interest from the daie thereof u~til paid ~t the ~ate ot nine per tentum per annum arxf together wilh such interest ahaif be secured by fhe lien of fhit mortgage. To pe~mit. tommit or suffe~ no waste, ±mpairmrnf p deteriorafion of anid property or any psA thereof. S. To psy a~l a~d sinpular the coats, charges and expenses, including a reasonsble attw~ey's fee and costs of abslracts of title, incurred w paid at any time by said MORTGAGfE, because or in the event of the failure on the parl of the aa+d MORTGAGOR to duly, promptly snd fvlty per(orm, d~xharge, >xecute, effect, comptere, compty w~th and ab:de by each and every the ~tipulation~, agreemen», conditions, and~ covena~ts of said promi~sory note and ~his matgage eny or eitF~er, and sa~d cosb, charges and expenses, each and every, sha1) be immedia~ely due and payable; whether w not there be ~o~~ce de~ i mand, attempt to collect w suit pend~ng; and the full amcwnt of each and eve~y svch payment shall bear in~eresr from the date ~heaeot until paid at ehe ; ~a~e of nine per centum per amwm; anc all said costs, charges and eapenua incurred w paid, togelher wAh such interest, shall be secured by the lien of this : mprt~ags. I 6. That (s) in the event of any b~each of this Mortgsge or default on the part of the MORTGAGOR, or (b) in the event eny of sa;d surres of mwwy here+n refeared lo be no1 p~omptly and fully paid within thirly ~30) days next after the same severally become due and psyable, without demand w notice, or (c) in the event each and every the stipulatior~s, agreements, cond~tions and covenants of sa:d p~omiuory note and th~s mortgage any or either ace not iuly, promptly and fulty periwmed, dixfiarged, executed, elfecred, compteted, complied with and ab~ded ~iy, t}~en in e~~her a any such event the sa~d eg gregate sum meMioned in said promisswy note then remaining unpaid, with interest accrued, and all moneys secured hereby, sMll become due snd pay- able forthwith, w thereafter, at ~he opt~o~ of said MORTGAGEE, as fully and comptetety as i1 all o( the sa~d :umz of money were a~ginslly st~p~tated to ba paid on such day, anything in said promisswy note or in this Mortgage to the tontrary notwithstanding; and thereupon w thereafter al the op~ion of said MOR1GACaEE, without notice or demand, suit at law w in equity, theretore w thereaf~er begun, may be prosecuted as if all moheys secured hereby had matured pnot to its institution. 7. ?Mt in the event that at the beginning of or st any 'time pending any suit upon this Mortgage, or to foretlose it, a to refam it, or to enforce payment of any claems hereunder, wid MORTGAGEE shaU apply to the Court having jurisd~ction fhereof iw the appointment of s Receiver, such Courf shatl forthwith ~ppoint a receive~ of snid mwtgaged property all and singular, includ,nq all anii s~~ular the income, prof;~s, i~sues and revenues from whatever scurce derived, each and every of wh~ch, it being exp?essly understood, is hereby matgaged as if apecifically set fath and deWibed in the granting a~d habendum clauses hereof, and such Receiver shall have all the broad and effect~ve tunct~ons and powers in anywise entrusted by a Covrt to a Receiver, and s~ch appointmero shalt be made by such Court as an edmitted equity and a matter of abso~ute rigM ro said MORTGAGEE, and without reference ro the adequacy w inadequacy oi the valve of the property mortgaged or to the sowency or ;nsolvency of said MORTGAGOR a the dcfendsnts, and that such rents, profits, income, issues and revenues shell be applied by svc~ Rece+~er according to the lie~ or equiry of ssid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perfoim; d~scharge, execute, effect, complete, comply with and abide by each and every the stipulations, sgreements, conditions a~d covenants in sa~d prom~ssory note and this mortgage set fwth. 9. That in the event the ownerzhip of the mortgaged premises, or any part thereof, becomes vested in s person other ihan the MORTGAGOR, the h40RTGAGEE, its successors and assigns, may, wifhout notice to the MORTGAOR, deal with such succeuw a successor in inte?es1 with reference to this mor~gaye and the debt hereby uc~red in the same manner as with Mortgagor without in any way vitiating or d~xharging the Mwtgagors' liability hera under w upon tt~e debt hareby secured. No sale of tF~e premises hereby mortgaged and ~o forbeaiance on Ihe pan of the MORTGAGEE a itt successo~s so or assigns and no extension of the time fw the paymem of the debt hereby secured given by Ihe MORTGAGEE or its successwa w auigns, s6a1t operate ro retease, discharge, modify change or aflecr rhe orig~na! liab;lity oi the MORiGAGOR berein, either i~ whole u in part. - 10. !t is specilically ag~eed fhat fime i~ of the essence of this tontract and that no waiver of any obligation hereunder or of the oblgatan se- c~red hereby shall at any time thereafter 6e he:d to be a waiver of the terms hereof or of the instrument secured herby. li. In addition to the forego'ng monthly paym~nts of pnnc'pai and inrerest requi~ed by the promtswry note secured Fereby, mortgagor covenants and agrees fo pay to mo:tgageE aith each month3y payrnenl an add:rional sum es!imated by mortgagee to be equa! to l~`12 of the annual cost of the follow- ~ng: _ A-All real property taxes levie.~. or assessed against the above descri5ed real estate_ B-Premiums o~ fire and windstor~n insurarce as herein requ~red to be carried on the =mprovements situate on the above dsscribed premisea. C-Premlums on such mwtgage guaranty insurar,ce as morrgagee shalt from. t;me to time deem fit to carry on the loan secured hereby. Mortgagee sha41 irom time to tiTe notify mortgagor in writing of the amount due and payable hereunder and wch wm shall thereupore 6e due and ~ Fayable on the due date of the next month:y payment ar.d each successive month thereafter vr.tii mortgagee shall notify mortgagor oi a change in such ' t a~;ount. $uch sums sha;l be appiied by mortgagee toward ~Fie payment of real property taxes, i~surante prem:ums, a~xl mortgage guaranty insurance c~emiums. IN Y~iiNESS WHEREOf, the said MORTGAGOR has hereunto set his Fwnd and sea( the day and year first a{oresaid. Signed, Seated and delivered in rhe presence of: ~ ' aQ n adult ~a4 ~ ~SeaO SFATE OF FLORlDA ~ courrrr of St. Luci• ~ eefwe me penonalfy appeared H. Bnid Elaendorf ~------------------~-~---~-~••-~~-----~-~~--~~~••~~---`-1ui.s+~~, to me well known and kna+un to me to be the individ~al described in and who executed the foregoing instrument, and ackrwwledged befote me that5he executed the same fw tlk purposes therein expressed. Apd, tlia L•id._- - _ - _ _ _ _ ~ifeeFMK7ew#.t~mr~~~~~~~.._~~_~~~~~~~~~~~~~~~~~~~~..~..~~~~~~_~~~~..~~ ~ v upSn S 3'e'pa'TaTe aTia prZ~f~' -eRaw,i.~.r:en eW.~?e +alre+~ ~~--.~Ir~wd• epefi ~enr f?er ~sf~ kasbsntt se! ~v-snQ bl~fo?01ns ?1f,1"st1~ A7eleDfld 3aIMiR~t?OkRRT"fT!!19 3A(t1161o~ ~ -+ar ~iy~d~~ri~6orCiWhf,~P~!~l ~a~e+r~iwt~a'~~he~si~wi-o? ie~rd-o? ~rerw i~er ~sid-hostx~+dr 1N~t~5~ C', ha? aif{ .Q `fiCgl seal this 1 S'~'~•~ day of- .Il1IIQ , A. U. 14~_ ~ ~ • ~ , ~ • ^ j~ ~ _ ' F lE0 ~MO RECs . - S~• ~UC~~ C~UNIr~~~. Notary Public in and ior State of Florida at Large Q06[RPO11f1A6 My Commiuion exp:?es: f~~~`~~v~ ~ CIERKtIACWTCOYRT F~nf ;Fetle7~1 sa~~ngs•3 1~bac+=aisoc~ar~o~ RECOR ~ t~ s~ pN;~ 1e~i o v~~ ~~eo..,.....,__ s ~ Of •c«? f~,~? . ~ Ne+•~ . : ~ ^ u t~is~:er E1t~liHs ~q. 1 ~ ; ~~'Fj~t ~iB~~.CF~q(lt`~ - ~W ~11 / P~I ~T~ ~ i - ~ n ~nw~ r 1~ ~ n • ~ ~ j ~ ~..~.r:ard ~i(~ : ~at~ 4GrJ ` ~ . This Instrument Prepared By Ga~cy F. Bllwood First Federal Savings 8 Loan Association of Fort Pierce ~ Flor ida Checked By / . ab $Q~~~ ~~si~ . _ . _ _ . - _ . . - ~4 . . . ~ _ - - ~