The URL can be used to link to this page

Home My WebLink About2202 3. To place and continuously keep on 1he bu~!dings now o~ he~ea(te~ fituate on said land u+d on all equipment and pe~ionally covered by ~hii mweg~ sgs, with al) premiums thercon ps~d in full, fire insu~ance ~n ~he usuai su~dard policy form, in a sum approved by ~he MORfGAGEE, and w~nda~orm insuro~ce 1n tM usual ~tandard pot:cy lo~m, in i sum app~oved by the AAORTGAGEE, in tuch ca+~pany or ca*~pan~es as the MORTGAGEE may dirKh and ~II iire and w~ndstorm insurance policies o~ any of said build~ngs, any interest thcrein or part thereol, in tM a99reyate sum afwesaid or in exceu thereof, ihall contain the usual standard mortgagee clauie o~ sucA other claus~ as the Mortyagae may requ~re, makiny the lose under sa~d po~i- ciei, each and every, payab~e to said htORTGAGEE as ita interest may appear, and each and every tuth policy ihall be promptiy au.gned a~d de~ivered ?o any heW by isid MORTGAGEE as fur~he? security to ssid mortgaga debt, and, not les~ ~han ten (10) days in ad.ance of the expira~ion of each policy, to da liver to said MORTGAGEE i renewal Ihereof, toge~her with a receipt fw the premivm oi tuch renewal; and there ahall be no i~re or w~ndstorm insurancs placed on ~ny of said buildings, any interett therein a part the~cof, unless in the form and with Ihe lou psyabte as aforQSaid; and in Ihe eveM any sum of money becomes payable under such policy•w po~icies said MORTGAGEE shall have ~he opt~on to rece~ve and apply the iame on account of the indeb~ed- neu secured hereby w?o permit said MQRTGAGORS to reteive and use it or any pan therrof lor othcr purposrs, w~~hout th_.co~ waiving ~n,pair- ing any equ~ty, lien o~ ~~ght unde~ or by virtue of ~his morsgs9e; +nd i~ the •vent sa~d MORTGAGORS shall fw any reason fail 1o keep the sa~d p?emisrt w - insured, or fail to deliver promptly any of said policies of i~surance to sald MORTGAIiEE, or fail promptly to pay futty any p~e~mum therefpr w in a~y ~ ~espect fafl to perTwm, discharge, executs, e(feU, complete, comply wi~h and abids by this covenant, w any part hereof, sa~d MORiGAGEE may place and ~ pay fw such insurante or any part therMf without waiving or affecting any option, lien, equity, ot ri9fit under ot by virtue o1 Ihis Mortgsye, and tht ' full amounl of each a~~ every such psyment tF?all be immediately dve and payable and shall bear interest irom the date thereof ~nlil paid at the rale ot n~ne per centum ptr a~num and to~eiher with such intcres~ shall be secured by ~he lien o1 ~his mwtgage. 1. To permit, commit or suffer no waste, impairme~f w deterioration of said property or any paN thereof. S. To pay all and singular the costs, charges and expenses, including a ~easonabte attw~ey i fee and costi of abstracri of title, incurrcd w paid at any tirne by said MORTGAGEE, because or in the evcnt oi ~he fa~lure on ~he part of the said MORiGAGOR to duly, promptly and fully per(wm, d~scharge. execute, e(fect, complete, comply with and ab;de by each and every the stipulal~ons, agreements, conditions, and covenants ot said promiuory note and this mortgage any or either, and sa~d costs, charges and expenxs, esch and every, shall be immediately dve and payable; wheiher o? no~ there be no?ice do- mand, atrempt ro colkct w suit pending; and the full amount of each and eve?y svch payment shall bear interest from the date thereof until paid at the r~te of nine per centum per an,~um; and all said costs, charges and expenses incurred a paid, together w~th such inlerest, shall be secured by the lien of th:~ mortgage. 6. That (a) in the event of any b~each of this Mortgage or defsult on the part of the MORTGAGOR, a(b) i~ the event a~y of sa~d sums of money herein referred to be not promptly a~d fully paid within th~rty (30) days next after ~he same severally become due and payable, without demand w norite, or (c) in the event eath and every the stipulations, agreements, tonditi«+s and covenams of sa~d promiswry note and th~s mortgage any o~ either are ao1 iuly, promptly and fully performed, d~scharged, executed, effeaed, completed, compl~ed with and abided 5y, then in either or any such event the sa~d eg gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and a1t moneys secured hereby, shatl become due and pay- eble forthwith, a the~eatter, af the option of said MORTGAGEE, as tul{y and completely as if all of the sa~d sums of money were a~g~nally st~pulated ro be paid on such day, anything in sa:d promissory rtote or in this Mwtgaye to the contrary notwithstanding; and thereupon or thereaiter at the op~~on of :a~d MORTGAGEE, w~thout notice or demand, suit at law or in equity, therefore or therea(rer begun, may be prosecuted as if all moneys setured hereby nad matured pnor to ~ts iru~itution- - 7. That in the event that at the beginning of or at any time pending any su~t upon this Nbrtgage, w to foreclose it, or to refwm it, or to enforce payment of sny claims hereunde?, said MORTGAGEE :hall apply to Ihe ~ouct having juriad~ction thereof (or the appointment of a Receiver, such Court shail forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, issue3 and revenues }rom whatever sovrce derived, each and every of wh~ch, it being expressty undersrood, is hereby mortgaged as if spec~~icalty ut fwth and deuribed in the g~anting and habendum clauses bereof, and such Receiver shafl have atl the broad and ef(ective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and ::,ch appointment shall be made by svch Court as an admitted equity and a maner o( absotute right to said MORTGAGEE, and without reference to the adequacy a inadequacy of the value of the property mwtgaged or to the sotvency or insolvency o( said MORiGAGpR o~ the defendants, and that such renrs, profits, income, issues and revenues shall be appl~ed by such Receiver accorduig to the lien w equity of said MORTGAGfE and the praUice of such CovA. 8. To du}y, promptly and fulty pe.form, d~ic~rge, execute, e;fect, complete, comply w~fh and ~bide by each and every the stipulations, agreements, conditans and covenants in said p:omissory note aod th~s mwtgage set forth_ 9. That in the event the ownership of the mortgaged premises, u any part thereof, becomes ves:ed in a person o!her than 1he MORTGAGOR, the ~:.ORTGAGEE, its succeuors and assigns, may, without norice to the MORTGAOR, deal with such succeisw or successar in interest with reEerence to this n:orlgage and the debt hereby secured in the same manner as with Morigagor withouf in any way vitiatirg w d~xharging the Mor?gagars' liability here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pan of the 1AORTGAGEE w its successors or assigns and no extension of fhe time for rhe payment of the deb+ hereby secured given by Ihe MORTGAGEE o. its successors or assigns, a7~alt operate to release, d~scharge, modify change or affect the ori9inal liability of Ihe AM1ORTGAGOR herein, eitFxr in whole or in part. 10. It is specifically agreed that time is of the esxnce of this contract and thal ~o waiver of any ob~igat~on hereunder a of the obligation se- cvred hereby shall at bny time thereafter be.held to be a waiver of the terms he~eof or of the inslrumeM secured herby_ 11. In add:tian to the ~orego:ng month!y payments of princ pa~ and interest requ~red by the proms:sory no!e secured hereb{, mortgagor covenants and ~grees to pay to mo-tgagee v~~th each monthly payrnent an add~iional wm ess~n;ired by mortgagee to be equal to 1/12 of the annual cost of tFie foltow- ing: A-All real ~operty taxes levied w assessed agai~st the above described real estate. ! B-Premiumz on fire ar.d windstorm insvrar.ce as herein requ~red to be carried on the impre~rements situate on the above described premises. f C-Premiwns on such mortgage guaranty insurance as mortgagee sha{I from time to time deem fit to carry on fhe loan secured hereby. f Mortgagee shall from time to time natify mortgagor in writ~ng of the amovnt due and payable hereundrr and such sum shafl thereupon be due and i ~.ayable on the due date of the next month;y payment and each successive month thereaiter ur,til mcrtgagee shall notify mortgagor of a change in such ~ a~nuunt. Such sums sF.aif be applied by mortgagee toward the payment of real properry taxes, inwrance prem:ums, and mortgage guaraniy insurance > p~emiums. ~ IN WITNESS L'lHEREOF, the id MORTGAGOR has hereunto set his hand and seal the day and year first ore>ai ' Signed, Sealed end deliver in the pr ate of: ~ ~ ' ~ ~ n / W. n za xan ; 5eaq ; Rasie Inara, ~~aq STATE OF FLORIDA ~ _.~_:%1 -1 - ~ S5. COUNTY Of ~t"~'~ ~ Befwe me perso~alfy appeared w• ~y I~gras and Raaie Ingra3 his wife, to me well known and known to rrx to be the individuals deuribed in and who e:ecuted the foregoing instrument, and ackrawledged before me that they executed the same for the purposes ~ rherein expressed. And the said Rasie Inaraf ~ w+fe of the said W ~uY In~ra1 - upon a separate eod private ~ examination b me taken se rate and a rt from her said husband, etknowl ed to and before me that she exetuted said instrument free! volun- Y Pa Pa ed9 . . x-~ , rarily and witho~t any compulsion, constraint, appre nsion, or fear of or from hrr sa~d husband. ~ ~ WITNESS my hand arr! official seal this day of une ~~i '~y;~,19;~~ ~g ~ ~ . ~ ' ..Notary Public in and for t tate ri at I.uge . ' • My Comm~ssion expires: . ? _ ^ _ c=~ ~ : : ` • : ~ " Return To: _ • • : ~ First Federal Savings 3 loan Association MOTARY P~,r,~~, ~nT t ~"'t R,. ~ ~,o FtQR101~~RCE • Of Fort ?~erce. Mr ~~"~~Q~XPIRE ~ t:' c~.. o:~._: c~_.:a_ eonded ~RM.ZieAe.a~ ~,....,~-~EC~ ~975 ~ ~ . ~ 'L:.~".`tvaFarwlfte+a. ~ ' a; s ni ~ ~~'~~i, yr,~.ii~ .t, fILED AtiD RECOROEO ~ sT. ~uc~E 4ovyrr F~~?. ~ - _ This Instrument Prepared By John W. Collirfs fiOCER ?~1t7R~5 ; ~ First Federal Savin s& Loan Association ~~EpR C~'.CUjt COURT ' y 9 RECORD VEk~r~EO of Fort Pierce ~ Rlo7rida 21 i0 32 AH'73 ~ ~ ~ Checked By ~ ~ 25'7623 ~t BooK 215 PAGE 2198 - ~ , X_, w: ~ . - - - - - _ _ _ _ _ - - _ _ : - - - : -~z ~Sy+ , . _ _ .2 . . ...~r -...v-,~:;F=~