The URL can be used to link to this page

Home My WebLink About2056 3. To plsce ~~d continuously keep on the twi'd~ngi ~o•.v or hereafter ~~tuate on sa~d la~d and on all eq~ipmero and personally covered by ~his ma~g- egs, with ell premiums tAereon pa d in tull, fire insuranu ~n the us~al standard policy form, in a sum approved by the 610RTGAGEE, and w:~ulsw~m ~nsunnc~ in tM viual ~tandard pol~cy fam, in • sum approved by th~ MORTGAGEE, i~ ~uch company or comPan~H as tM t~tORTGAGEE may direch ~nd al) tire and windsrorm insv.ance policie~ on any of iaid buildin~s, any intere?t tF:~rein or psrt t!?ereoi, in the a99rryite ~um aio~ewid w in ~xceu thereof, shall contain the usual t~sndard mutyayes clause w such othsr clsuss ~i Ihe Mo+~9+9ee may rsq~~rs, makiny the ioas ~ndt~ sa~d poli~ cis~, e~ch and every, payabf~ to said MORTGAGEE at i!s in~erest may eppear, and e+ch and ~very iuch policy shall be prompHY ass.yn~d s~d delive~ed ?o any held by uid MORiGAGEE as (unher sec~rity to said mortyape deb?, and, not leu than ~en (101 dayi in advarKe oi the explr~tion of eacfi po~~cy, to de- I~vK to aid MORTGAGEE a r~newal therwf, iogetMr wi?h ~ rece~pt fw tha p~anium of ~uch .s~ewal~ and ~he~e s'wll be no i~~e or windieorm i~surance pt~ced on any of saed buitdinQs, ~ny interett tMrein o~ part lhereof, unls~t in the form and wi~h the loas payabk as s(atiaid; and in the event any svm of mu?sy become~ payable ur+der such polity w polK~es taid MORTGAGEE ~hall have the opt~on to receiva a~d apply the same on acco~~t of the indeb~rd- neu ucured hereby or to permit uid MORTGAGORS ro ~eteive and u~e it w any pa~~ ~hs~eof for oihcr purposes, r~~~ho~t ther~ut .vai~~~~3 u~ ~r.p.ur- iny any equ~ty, lien a right under a by virtus of this mo:tgage; and i~ ~he ~vent w~d MORTGAGORS ihali fw any reawn fail ~o keep ~he said prem~iat so insured, ot }ail 1o deliver prornptly ~ny of said policies of insurarue to said MORTGAGEE, w lait promptly to pay lvlly eny pre~~~ivm thcrefor a in any respect fail to per(am, distharge, execute, ef(ecL tompkte, comply with a~d abidt by lhis cove~anl, ot any parl he~eof, sald MORiGAGEE may plate and pay (a such iruurancs w any part thereof wi~hoW waiving or iffet~inp a~y option, li~n, equity, or right ~nder w by virtue of ~his Mortgage, ~nd the . ~ full amount of e+ch snd eve~y such payment sh~ll be immediately due and payable and shall bear interest irc+m the dals thcreo( unti! paid at the rete o1 ~ nine per tentum pe~ annum and together with such i~termt shall be secured by th~ lien of lhis mortyage. 1. To permit, commit or suffer no waste, Impairment w deteriorotio~ of said property or anv p~~1 the~eof. ~ r 5. To pay all a~d singulu the costs, charges and expenus, including a reuonable attwr.ey i fee snd costs of abstracts of title, incurred or paid af any time by se~d MORTGAGEE, betause a in the event of the fallure on ~he parl of the taid MORTGAGOR to duly, promptly and fully perform, d~scharge. :xecute, eifett, comptete, comply with ~nd ab~de by each and eve?y ~he stipul~t~ons, agreements, conditions, ~nd cove+wnn of seid prom~ssory note and ~hi~ mortgage ~ny a ei~IxY, and said costs, charges and expensas, esch snd every, shall be immediately due and payable; whether or ~ot ~here be ~orice dr mand, attempt to cotiect w iuit pend~ng; a~+d the fvll amount of each and every ~vch paymem shall bear ~nterest from the da~e thereof until paid s1 the ra~e of nine per centum per an~~~m; and all said costs, cha~ges and expensea incurred w paid, togelher w~th such ineerest, shall be secured by the lien of th~s mortyape. 6. That (a) i~ the ~vent of any breach of thes Mwtgage w default on the part of the MORTGAGOR, w(b) in the event ~ny of sa~d sums of money herein referred to be not promptly and tully paid within thirty (30~ days next aftxr the same severally become due and payable, without demend or notice, or (q in the event each and every tlx stipulations, agreements, tonditions and ccvenants of sa~d promissory note and ~h~s mo~tgage a~y w ei~her are not iuly, promptly and fu11y performed, d~scharged, executed, effected, completed, complied with and ab~ded by, theo in either w any suth evenl the said ag~ gregate wm mentioncd in said promissory note then remaining unFaid, with interest accrued, and atl mo~xys aecured hareby, shall betome dur and pey able fwthwith, w thereafte?, at the option of said MORTGAGEE, as fully ard co.~plefe~y as if all oi ihe said wms of money were wiginally stiputated ro be pa~d on such day, anytfiing in sa:d prom~ssory note w in this Mortgage to the contrary notwi~hstsnding; and thereupon o~ thereaftr a~ the opt~on of sa~d MOATGAGEE, without notice w demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prMr to iti institution. ~ 7. That in the event that at the beginning of or at any time pending any su~t upon this Mortgage, ar to fo?eclose it, w to refwm it, or to enforce payment of eny cleims hereunder, said MORTGAGEE shsll apply to the Cour1 having jurisdiction thereof for the eppointment of ~ Receive~, such Court shall For~hwirh appoint a re~eiver of said martgaged property all and singular, inciud~ng all and si~gu~ar the income, prof~ts, iuues and revenues Irom whetever seurce derived, each and every of which, it being expressly unders~ood, ia hereby mortgaged as if spec~ficalty set forth ar~d destribed in the yranting and habendum clauses hereof, and such Receirer shall have sll the txwd and effective funcnons and pawers i~ anywise entru4ted by a~ourt to a Receiver, and such appointment shafl be made by such Court as an admitted equity and a ma~ter of absolute right to said MORTGAGEE, and without refererxe to the edequacy a inadequacy of the vatue of the property mongaged or 1o the so~vency or ~naolvency of said MORiGAGOR a the defendants, and that svch rents, profits, income, iuues and revenues shall be applied by such Receiver accord~ng ~o the lien ot eq~iity ol wid MORTGAGEE and the practice of such i Court. 8. To duly, promptly and iulty perform, discharge, exetute, effect, mmplete, compfy wiih and abide by esch and every the stipulations, agreemcnts, conditans and covenants ~n said promissay nore and this mortgage set fath. 9. Tha+ in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the M,ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successw in interest with reference to this n,ortgage and the debt hereby secured ir the same mannc+ as with Nlortgagor without in any way vit;ating or dixharging the Mortgagori liability hera under w upon the debt hereby secured. .No sale of the premises hereby mortgaged and no forbearance on 1he part of Ihe IAORTGAGEE w its ~uccessors or asigns and no e:tension of the time for the payment of the debt he~eby secured given by the MORTGAGEE or its successws w auigns, shall operate ~o release, discharge, modifv change or affect the original liab~l~ty of the MORTGAGOR he:ein, either in whok or in part. 10. It is speufically agreed that time is of the essence of this contract and tha~ rw waiver of any obligat~on hereunder or of the obtigation sr cured hereby shall at any time thereafter be held lo be a waiver of the terma herrot w of the instrument secured herby. 11. In add~tio~ to the Forego:n~ monthfy paymants of princ'paI and interest req~ired by the promissory nore secured hereby, mortgagar covenants ~nd agrees to pay to mo:tgagee v~ith each monihiy pay~nent an add~rional sum est~ma?ed by mortgagee to be equai to 1/12 of the annual cost of the follow- . : ' ~ A-All real property taars lev~nd o+ assessed aga~nst the above described r~ai estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improverr.e~ts s:tuate on the above desuibed premises_ C-Premiums on such mortgage guaranty ir.wrar,~e as mortgagee shaii ircm r~me to time deem Gt to carry o~ the ban secured hereby. ~ Mortgagee shail f~om time fo time noti~y mortgagor in writing of the ame~nt due and payable hereu~drr and such sum shalt thereupon be due and ~ ~ayable on the due date of the nezt mo~th!y payme~t and each successive month thereafter until mortgagee shall not~fy mortgagor of a change in such a~~ount. $uth sums sha~l be applied by mwtgagee toward the payment of real property taxes, insurance prem~ums, and mortgage~ a~anty insurance n-?miums. j IDl WITNE55 WHEREOF, the said MORTGAGOR has Fereunto set his har.d and sPal the day a yesy~irst afor id ~ ~ Signed, Sealed and delivered in the presente of: ~ J ~ ' L" a4 ~ ~oi a4 ~ - (SesO ~Seal) ~ ~ ~ S~ATE OF fLORIDA ~ ~ COUNTY OF St . :-UCle ~ ~ Before me personalty appeared Joseph IZ. LyriCh a~ ~ Grace E. Lynch his wifc, to me weli known and known to me to be ~ rne individuals desaibed in and who executed the foregoing instrumeM, and acknowledged befwe me that they executed the same for the purposes rherein expressed. And the sai~i Grace E. Lynch ~ ~v~fe of the said Joseph R. Lyrch upon a xparate and privsta eaaminat:on by me taken separate and apart from her uid husband, stkrawtedged to enrl before me that she e:ecuted said instrumem freely and voturr ~ ~anly and without sny compulsion, constraiM, aFprehe s~on, ot ear of or from her said husband. WITNESS my harsd and offiual sesl thi~ day of June A. D. 19_? ~ `;3 . df . / i!~~~s.-r~ ~ Notary Public in and r t tafe of Plorida at Large My Commiuion expires: ~ Retum To: ~ Firsl Federal $avings ~ Loan Associat~on "'FY PUPI~C. STATE of ~tOR;pA st LqRGE .•,~':'':""•rir~. Of Fort P~erce. ~ ...'i~~tU't Ex~ ~,~5 1hY. 7. 14~I ~ ~ ; ~o. ~!~.:as s::~'-~~ :s.m.rxr..a.z ~ ; iicii iJiflu~~{~ . i ` : ~ ~ . . ~ ~s; - . - - ~ _ - ~ F LE8 ~tMO RECOROEO o.! ' ~ This Instrument Prepared By ui~hard K. Kayes t~ ~U~IE CGUNTYfL~?, ` G~, : First Federal Savings 8 Loan Association IIOCEA ~p1~RAs 1 ~ c: ~ ~ ~ of Fort Pierce , Florid~ ~~~pK C~r~CU1T COURT = l,~'•. Q••~ F ~ REC~P'~ Y[R'FIEp ~ ~ Checked By~- ~ ~Sr~~ , - ~ t5 a Z~P~ ~r3 ~r.,,,...,~..,;,~~~ ~ ~ ~ ~ooK~15 FAcE205~ ~ 25'7535 ; ~ ~ ~ - ~r _ - - - - : ~ _ ~ _ : _ ~ _ - -