The URL can be used to link to this page

Home My WebLink About2194 7. To place and continuowty kcep on ~he bui:d~rya now or he~eatter s~tuste on sa~d land and on a~l eq~ipmenl and perso~ally tovered by thii mwtg ege, with all premiums ~he~con pa~d in full, fi~e insurance in the ~sual sundard pot~cy form, in • sum appro~ed by the MORiGAGEE, and wi~dstorm iniursnce in the uiwl i~anda~d pol~cy form, in • sum approved by fM MORTGAGEE, in such co~npany or cw~+p+n~es ~i the MORTGAGEE may d~rect; and all (i~t and w~nds~orm insuronce po~icies on any of seid build~nQs, any ir.terest there~n or part thereof, in the agg~eya+e tum ~fwesa~d w In excess Ihereof, ~hall ca+tain the usual standard matgagee clausa w such o~her clau» at 1he Mwtyagee mey requu~, msMiry the loss undrr fa~d po1F c~es, each and every, payab~e to said MORTGAGfE as ~ta inte~ri~ may appear, snd each and eve~y s~ch poficy shall be promptty ass gned and delivered ~o sny heM by said MORIGAGEE ~s furthe~ security to said mwtgage debt, and, no? leu Ihan ten (10) days in advance oi the eapi~ation of each pol~cy, ~o de- I~ve~ ~o said MORTGACaEE a renewai thereof, toge~har wi~h a rece~pt fw the prem;um of such renevvat; and ~he~e shatl be ~w f~re or w~nds~o~m insurance placed on any of s~id bvildinp~, any interett therem w pa~t Ihereoi, unles~ in the form and w~th the (ou pavable as afo~esaid; and i~ the event any sum of monay becomes payable under such policy o~ pol~cias said MORiGAGEE ahall have the opt~on to rece~ve and apply the ~ame o~ account of the indebtad ness secured he~eby w fo permit taid MORTGAGORS ro receive arsd use it o~ any part the~eof fw otner purE~~ses, v.~~ho.,t ih~~.o~ .va~•~~n3 or ~mPa~•- ~ ~ng any equ~ty, I~cn or r~ght under or by virtue of this mortgage; and i~ the event sa~d MORTGAGORS shaU for any reasw~ fail to keep the said p~emisas so ~nsured, o~ fail to del~ver pranp~ly ~ny of said pol~cies of insura~ce to sa~d MORTGAGEE, or iail promptly to pay fully any p+e~~~~um therzlor or in a~y ~espect fail fo pe~form, discharge, execute, effact, complete, comply wi?h and ab~de by thif covenanr, a any parl htreof, said MORTGAGEE may plate and pay (or such insurance or any part thereof w~thoul waiving or_ siFectir?p any optia?, lien, equ+ty, or ri~ht under or by vi~tue ol this Morfgaye, and the ~ full amovnt of each a~d every such payment shall be immediately due and payable ~nd shall bea~ interest lrom the date the~eof until pa~d at the ?ate ol t ~.~~e per centum per annum and togethr~ whh such interast shaU be secured by 1F?e lien of this mw~gage. ! . 1. To permit, commit o~ sutfer no waste, impairment p detcr~orotion of said p~operty w any part thereof. 5. To pay all and singula~ ~he costs, charges and expenxs, +ncluding a reasonable attorney's (ee and costs of abstracts of title, incurred w pa~d al any tims by said A:ORIGAGEE, betause a i~ the event oi the failure on the part of the said MORTGAGOR to duty, promptly and fully pr(orm, d~uharge. ~xecute, efiect, comp!ete, cump~y with and ab:de by each ~nd every the stipul~~~ons, agreements, conditions, and covena~ts of said promissay no~e a~d thi~ morrgage any a ei~her, and sa~d costs, chargea and expenses, each and every, shail be immed~ately due and payable; wherher or not rhe~e be rwtice da mand, attempt to collect w wit pend~ng; and the full amount of each and every such paymen~ shall bea~ inferos~ from the date thereof until paid at the ra~e of n;ne per centum pe~ anaum; and all said costs, charges and expenses incurred or paid, ?ogether w~th such inte~est, shall be setured by the lien of th~a mortga9e. 6. Tha? (a) in the event of any breach of this Mortgage or defa~lt on the part of the MORTGAGOR, or (b) in the event any of said aums of money herein referred to be not promptly and fully paid within thirfy (30) days next af~e? ~he same severatly become due and paYable, wi~hout demand or noiice, cr (c) in the event each and every the stipulations, ag:eements, cond~tions and covenant: of sa:d promisso~y note ar~ th~s mortgage a~y a either are not iuly, promptly and fully performed, d~scharged, executed, effected, compfeted, compl~ed with and ab~ded Sy, then in either w any such event the ~a~d ag- gregate sum mentioned in said promisswy nore then remalning ~npaid, with interest accrved, and all moneys secured hereby, shall become due pnd pay- ab!e forthwith, o? thereafter, at the o~fion ot said MORTGAGEE, as fully ard completely as if all of ~he sa~d s~ms of monty were a~ginally st~pulated ro be pa~d on such day, anything in sa:d promcsso?y note or in fhis Mortgage to the contrary notwithstanding: and thereupon a tiN:reaftcr at the op~ion of sa;d MORTGAGEE, without notice w demand, suit at !aw w in equity, therefore or lhereafter begun, may be prosec~ted as if all moneys secured hereby hcd matured pnor to ds ins?itutwn. . 7. That in the event that at the beginn~ng of w at any time pending any su~t upon lhis Mortgage, w to foretlose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shalt apply to the Cou~t hnving ~urisdiction thereof fo~ the appo~ntmem o( a Receiver, such Cour1 shal! forthwith appo~nt a receiver of said morlgaged property all and singular, includ~ng al1 and singula~ the incor.ie, prof~ts, issues ar.d revenues from whatever ~ sc:urce derived, each and every of which, i~ being expressiy understood, is hereby mertgaged as if spec~fically set forth and deuribed in the g~anting and h~bendum clauses hereof, and s~ch Receiver shall have aIl the bfoad an~ eifecri~e funct~ons and powers in anywise entrusted by a Co~rt to a Receiver, and s;,ch aupaintment shalt be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reierence to the adequaty w inadequacy of the value of the property mortgaged or to the so.rency or insolvency of said MORiGAGOR w the defendants, and that such re~~s, profits, income, issucs and revenues shall be applied by such Receive~ accord~n9 ~o the lien or equity of said MORTGAGEE and the practice of such Court. 8. To dul;, promptly and fully pe~form, discharge, executr, effect, complete, compty with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy note and this mortgage set forth. 9. That in the event the ownerahip of the mo~tgaged premises, or any part the~eof, becomes vested in a perwn other than fhe MORTGAGOR, the r;.pRTGAGEE, its successors and sisigns, may, without notice to the MORTGAOR, deal w~th s~ch successw or successw in interest with refe~ence to this r..o-~gage and the debt hereby secured in the same manner as with Mongagor w~thout in any way vit~ating or discharging the ldortgago~i ~iability here- under or upon the debt hereby secured. No sale of the premises he~eby mo+tgaged and oo fwbearance on the part of th. MORTGAGEE or its succeuers or assigns and no exte~s~on o( the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or ass~gns, atiall operate ro release, d~scharge, mod~fy change or affect the original liabil~ty of the AM1ORTGAGOR herein, eithe? in whole w in part. 10_ It is specifically agreed that time is of the essence of this contrad and that no waiver oi any ooligarion hereunder or of the ob~igation se- cvred hereby sFali at any time thrreafter be held to be a waiver of the terms hereef or of the instrument secured herby. 11_ In add,t;on to the for~go:~ig month!y paym^nIS of princ ~al and interest required by the promiswry note secured hereby, mwtgager tovenants a~,d agrees to pay to n:ortgagee x~th each monthiy payrnent art add~uonal wm est~a~ated by mortgagee to be equai to 1; 12 of the annual cost of the follow- ~ng: A-All real property taxes ~evied or assessed agai•ist the a5ove described rral estate. B-Premiu:ns on fire and windstorm insurance as here~n requ~red to be carried on the improveme~ts situate o~ the above d~scr~bed premises. . f C-Premiums on s~ch mortgage guaranty ir.surance as mo*tgagee shalf from t~me to rirne deem fit to carry on the loan sec~red hereby. ' Mortgagee shaN 4ru-n t~me to time not~fy mortgagor ~n wr;t~ng of the amount due and payable hereunder and such sum shall thereupon be due and ~ F~yable on the due dafe of the rtext monthly payment and each successive mo~th thereafter ur.til mutgagee shall not~fy mortgagor of s change in such ovnt. Such sums shaii be applied by moregagee toward the payment of rea! property taxes, insurance prem:ums, an~' morfgage guaranty insurance E p-emiums. - ~ IN Y~ITNESS LYNEREOF, 'the sa+d MORTGAvOR :~as hereu~to set his hand and seal the day and ye r f~rst atoresaid. ~ ~~,i , Seal ~nd deli~ in he p?esence of: ~~uu f ,~l, ~„~iCJ'Q./ (_Seal) , a ~ i ~ t~ ~ C Y C A W (Sea4 ~ ) ~ ~ ~ ~ (Seal) _ ~ ' - ha 5. Wells (Seal) ` SiA7E OF FtORIDA ~ ' OQO~ ~ ~ COUNTY OF ( Before me personally appeared Clarence A• We11S a~ Maztha S• WCI13 his wife, To me well known and k~q~qt~~e { to b~ r~e individuals desuibed in and who executed the foregoirg instrument, and acknowledged before me that they executed thp-aartfe••fpf tl~e `puty~osts i'P. ~~r Martha S. wells . " ~ ~ ~ j ~herein expressed. Md the said- .=}1S ~~'i-=r:ti; Clarence A. Wells \ ~ ~ Y~~fe of the said ~ 'ZIldh~a~s~Pa"ar4~4~'~r'3at~ - ~ e,amination by me taken separate and apart from her said husband, acknowledged to and before me that sFx executed a,~l,~nstrumeN freelY`Sr_~1 ~rolyA~" a v~ a ~ . ~ farily and wlthout any compufsion, constraiM, apprehens:on, or fear of or from her said husband. - ~ ~ ~ ~~1~ l ~ WITNESS my hand and o!(ic;al seal th~s day of_ `Jlllle ' _ /~IQ: w : ~I. ~ Y _ - Notary bEic in and t Si~s'4f ~iOC" ,~t e~- . My Com ~ssion expires: ~ F~ Retum To: " . r - . • - ~ , _ ~ Firsf Federal Savinas 3 loan Associatlon . ~ ~ r Of Fort P~e:ce. ' ~ Fort Pierce. Ftorida • . ~ ~ 3 - ~j C This Instrument Prepared By J. H. Roberts~ Jr. ~ FILED Ai1C RECORDEO ' w~ First Federal Savings & Loan Association S?. tUC1E COUNt1f f~A. _ of Fort Pierce , Florida ROC"t~ FOI7R~S ~ Clf.aK C~~:CU~Y COURT ~ . . Rf C dP.~ YE~: ~ ~ Checked By ~ z~ ~0 3~ a~~z3 ~ s°coK ~~.5 ~c~z~~ 2S'7619 ~ - r s _ . _ _ _ _ _ . . _ " ~ ~ e ~ . . : rs Ci ,z -'F +Y'~: ~ gR Klh^.~ x s-.._._ . ..5:~ _ . . _ a . _ . ~ . hr~ e. L .r ~ ~