The URL can be used to link to this page

Home My WebLink About2198 3. To place and com~nua,~ly keep on ~he bu~'d~ngs now w hereafte~ utuaN on sa~d Iend and on ~Ii cqu~p~nrnr and personally coverad by thi~ marg- ege, w~th all p~emium~ ~hereon pa~d ~n iull, Gro inaurancr in Ihe uwal s~andird pulicy form, i~ a sum •ppro~ed by tha MORtGAGEf, and wo~ds~am ~nsuranc~ i~ the usual uanda.d pol~cy (orm, in s~um approved Gy the MORTGAGEE, in such co+npany or co~npa~~es as the MOR'fGAGEE may direcfj and all firo and winds?orm insu.ance potiues on any of ~aid build;~gs, any ielerest therein or pa~t thereof, in Ihe aggregate wm aforesaid o~ in eacess Ihereof, shall con~ain tM usual sqndsrd mo~?gagee dause w such orhs~ clauu as ~he Mwtgages may requ~re, maAing the loss unJe. ~a~d pot~ ue~, each and evNy, payable to sa~d MORTGAGEE as as ~merrst may appear, and each and eveiy such po~rcy shail be p~ompfiy ~ss gned and de~~~ered w any held by sa~d MORIGAGEE as further lecuri~y to said mor~gaye debl, and, not lets than ten (10l days in advance of the e~epirat~on of each policy. ~o cN- ~~Ye~ ~o said MORTGAGfE a renewa! ?hereof, ~oge~her wieh a rece~pt for the prem~um ol such renewal; and there shall be ~o Gre o~ windstonn inwrance placed on ~~y of said buitdings, any i~iterest the~ein or p~it thereof, unless in the form artd wifh Ihe loas payable as a(o~esaid; and in the evenl any svm of money (x~ome~ payapt~ undt~ such poticy o~ poGcies taid MORTGAGFE shall have the opf;on to recaive and apply the sanie on account of the indrbted- ness secur~ hereby w ro permit said MORTGAGORS to rcceive and use it ot any part thereof Ior otiirr porposes, v.~thout th,.~u1 wai~i.~3 cr ~~~~pu~r ~~g +ny equ~ty, Gen or right unde~ or by virtue of ihis ~norsgage; e~d in the event sa~d MOdTGAGORS shaN for any reason fail ro kerp the sa~d premtsas so ir.s~red, or {ail 1o deliver promptly any of said policies o( insurance to said MORTGAGEE, or fail prompdy to pay Fully any prrmium thrrelw or in any respetl fai) to perfpm, d~scharge, execWe, effec~, comptete, comp!y with and abids by thSS cove~ant, or any part hzreof, said M4RTGAGEE may place sne pay fw such inw~ance or any part thereof wrthou? waiv;ng or affecung any op~ion, lien, equ~ty, or r~ght under or by vi~tue of this Mongaoe, aod ~he full amouM of each and ecery such payment shall be immed~atety due and payable and shall bear interest from the date thereol until pe~d at ~he ra?e of r~~ne per centum per anoum ancl ro~ether with such interest shali be sew~ed by the lien pf this mortgage. ~ To petm~t, tommit w suffer no waste, impairment or dete~ioratio~e of said property o? any part thereof. - 5. To pay all and singvia~ the costs, chargea and e,pe~isea, ~ncluding a reasonable attwney's fee and costs of abstracta of title, incurred or paid af ~ any time by said MORTGAG:E, because a in the event of the la~lwe o~ ~he part of the said MORTGAGOR to duly, promptty and fully per(o~m, d~scharqe. ~~ecute, effed, complere, comply w~th a~d ab:de by each and every the stipu~at~ons, agreemen?s, conditions, and cove~~ants oi said promissory note and this n:o~tgaye any or ei~her, a~d sa:d costs, charges and expenses, each and evary, shall be immediately due and payable; whether w no1 there be notice dz ~nand,, attempt to tollect or suit pending; and the full amouM of each and e~ery wch payment ahall bea. iroerest from the dare fhereof unfi! paid at the ~.~~e of nine pei centum per annum; and all said costs, chacge: and expenses incurred ot paid, together w~th such interest, shall be secured by the lien o( this mor fqa9e. 6. That (a) in the evcnt of any breach of this Mwtgage or detault on the part oi the MORIGAGOR, or (b) in the event any of said sums of mortey herein ~eferred to be no? promprly artd fully paid within thirty (3p) days next a4rer the same seve~atly become due and payable, without demand or notice, or {c) in the eveM each and every ~he stipulat:ons, agreerr~nis, conditions and covenants of sa,d promisw~y no~e and th~a mor~gage any w ei~her a~e no1 ~~ly, p~pmptly and f~lly pprtwmed, d,scharged, executed, eff~ted, complered, compl;ed w+th and abided ~iy, ~hen in either or any such event the sa~d ag gregate sum mentianed in sa~d promissory nore :hen rema~n~ng unpaid, with interesl accrued, and ali moneys secured hereby, shatl become due and pay- ab'e forthwith, or thereafter, at the option of said MORiGAGEE, as fully and completely as if all of ttre said wms of money were or~gina~ly st~pu:ated to be p~;d on such day, anyihing in sa:d prom~ssory oote or in this Mwtgage to the contrary notwithstanding; and thereupon ot the~eafrer at the opt~on of s~:d MORTGAGEE, without not;~e or demand, suit at law or in equity, therefwe or thereafter begun, may be prosecuted as if sll moneys secured hereby n_d maturccl pnpr fo its instituticn. 7. That in 1he eveM that ar tbe beginneng of or at any time pending any su~1 upon this Morgage, o? to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shal~ apply to the Court having jur~sd~ct~on thereof for the appo~ntment of a Receive~, such Court shail forthwith appo~nt a receiver of said martgageci property all and singular, includ~ng alf and air~gular the income, prolds, issves and revenues (rom whatever S so~rce derive~, each ar.d every of wh~ch, it be~r.g enpress!y unde~stood, is hereby mortgaged as if specHicaUy set io~th and dex~ibed in the granting and j hnbendum ciauses hereof, and s~ch Receiver shatl have all the broad and efQecrive funu~ons and powers in anywise entrusted by a Court to a kacei~er, and s:;<n appo"i~tment shall be made by such Court as an ad+nined equity and a ma»er of absolute right to said MORTGAGEE, and without reference to the adequacy w inad~quacy of the value of the proprrty mortgaged or to the so~+~ency w insoivency oi said NORIGAGOR or the defe~dants, and that such renis, profiri, income, issues and revenues shaU be appiied by such Receiver accord~ng to the lien o~ equity of said MORTGAGEE and the practice of wch Court. 8. To duty, promptly and fuily perform, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promisswy nete and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, o~ any paif thereof, 6ecomes vested in e person other than the MORIGAGOR, the h`.ORTGAGEE, its successor~ and assigns, may, without nor~ce to the MORTGAOR, deal with svch wccessw or successor in interest w~th reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor withovt in any way vit~ating or d~scharging the Mortgago~s' liab+lity here- ~~r.der or upon tFie debt hereby sec~red. No sale of the Fremises hereby mortgaged and no forbearance on the pan oi the MORTGAGEE or its suctessors or ass~g~s and no extens~o~ ot tbe time for the payment of the dett he.e~y sec~red giveo by the fNORTGAGEE or ~ts successors or assigns, ahall operate rc .elease, d~uharge, modify ~hange or affect the o+ig~nal liab+lity of the MORiGAGOR here~n, either in rfhoie or in part. 10. !t is specifically agreed thaf time is of the esser.ce of this contract and that no waiver of any obligarion hereunder w of the ob~igation se- cured hereby shall at any tim.e thereatter be hcld to be a waiver of the terms heraof or of the instrument setu~ed herby. I1. In add.tio? to the forego ng rnonthfy paym~nts of princ pa1 and inrerest requ~red by the prom:swry ne!e secured hereby, mortgagor covenants a;,d agrees to pat to mortqagee K~rh each monrhiy pa~n:ent an o~d~nonal sum es,~n~ared b~ mortgagee to be equai to 1: 12 of the annua~ cost of the foliow- ;ig: A-All real property taxes levied or asaessed agai•;st th~ above deu~ibed real estare. B-Prami~rns on (ire and windstonn inwrar~e as nerein requ~red to be carried en the improvemeots situate on the above described premises. C-Prem~ums on such mortgage gua~anry insu:ar.ce as mortgagee sball frem. r~me to time deem fit to carry on the loan secured hereby. Mwtgagee shail frcm ti,ne to time notif~• mortgagcr in writing of the amount d~e and payable hereunder and svch sum shall thereuFon be due and _ r~yable on the due date of ~he next month,y paymem and each suc.-essive month thereaf~er untit mortgagee shatl notffy mo~tgag~~ of a change in such ~-•eunt. $uch sums shail be appi~erl by morigagee to+eard the payment of real property taxes, insurance prem:ums, and mongage quaranty insurarece {;•emiurtiS. (N Y~ITNE55 LYHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year aforesaid. ~ Sg ~aled a delivered in the presence of: f lfD AND ~EC~ADED ~ L~. T l Seaq _ . f~.~a~~~~,~p~TRj,S~" , rald L. Ellett cseaq ~ CLERK G!,:~%UtT C4UItt t (SeaO t~ E~q~CO YE~'=~+EO~ Margare A. E l l e t t - ' cseaq 5?aTE OFfl~RISA ~1 `O 32 ~ couvnr aF Q~~ 25'1621 Before me perwnalty ap~eared Gerald L. Ellett s~ ar aret A ~1~ e~tt ~ his wife, to me wel) known and known to me to be !ne indiv~duats described in and who executed the faregoi instrument, and a~knowtedged before me that they eaecuted the same for the purposes rh~rein expressed. Md the said Margaret A. E12ett +~~fe of the sa~d Gerald L. E~~t~ upon a separat.: and private e*am~narion by me taken separate and apart from htv said husband, acknowledged to and before me that she executed said instrument free{y and volun- ~r;ly and w~thout any compulsion, constraint, apprehens n r fear of or from F~er said husband. WIiNESS my hand and offic~al ~seal this__ day of .T~1 Q q_ p 1973 ota Pubtic in and for the State of ~~t rge y Commission experes: ~ ~ Return To: First federal Savings 6 Loan Associat;on Of Fo~f P:e:ce. ~ Forf P~e~ce, ticr~da _ __~i...... ~~i~~~.i.~~q~~ . . . .J,~~ • l"Q~ . This Instrument Prepared By JohTf W. Collins . First Federal Savings 8 loan Association ~ ~ : << , ~ i of Fort PiercE~ Florida _ Checked By f3~..~ °^OK~~.5 ~A~E~194 - ` • . . . . c , ~ - ~ : - ` - _ - - t~~~=~. _ _