The URL can be used to link to this page

Home My WebLink About2269 J. To plac~ and continuously keep on the bui!d~ngs now or hereafte~ ~ituars o~ sa~J land and on ~II equ~pment and perso~a~~y covered by this matg~ ~g~, with all p~em:ums thnrron pa~d in full, fire insu~ance the u~ual standsrd polity lo~m, in • sum approved by the MORTGAvEE, and windstorm ~nsurance in ~he usual uandard pot~cy (am, in • sum approved by ~Ae MORTGAGEE, in such comp~ny oi companias as the MOkTGAGEE may dirsct; a~d all firs and w~ndstorrn ins~rence pol~:ies on any o( said build~ngs, any interest therein or perl thereo(, in the a99~e9s~e ~~m a4oresaidoc- In exceu thereof, shsll contain the usual s~anda~d mw?gagee clause a such other clauss as ~he Matgagee may requ~re, maAin~ the los~ u~der said po1F cies, each and every, payabte to said MORTGAGEE as ~ts intzreu may appear, and ca<h and every such poticy shall be promp~ly ass g~ed and delivered ~o sny held by said MORiGAGEE as (urthe~ security to ssid mortgage debt, and, not leu than ~en (10) days in advance of Ihe expiratio~ of each policy, to da live~ lo taid MORTGAGEE a renewal thc~eof, togetMr with a ~ete~pt fw tF?e premium of such renewa~; and the~e shall ba ~o +~re o~ windstoim insurance plsted on ~ny oi said building~, sny intere~t therein ot part thereof, unless in tht form a~d wilh Ihe ~o:s payable as aiaesaid; and in the event any sum of money becomei payable undrr such policy w pol~ues uid MORTGAGEE shall have ~Ae option 1o receive a~d apply the same on account ol the indebted- ness setured hereby o~ ro permit said MORIGAGORS to reteive and use it w any part thereof ior orher pwposes, .vi~ho~t th:.eur ~vai~~ng o~ u~ipa~~- iny any equity, lien or right unde~ a by virtue of lhis morlgage; and ii~ ths event sa~d MORTGAGORS shall tor any reawn fail to keep the said premiirs so insured, or fail b deliver pranptly a~y o) uid policies ol insurance to said MORiGAGEE, w fail promptly to pay fully any pre~nium therefor or in a~y re~pec~ fail to perfo~m, d~schaige, execute, effed, complete, comply with and abide by ~h~t covenant, w arry part hereof, said Mt~RTGAGEE may p~ace and pey fa such insurance ot any part thereof without waiving a affxting any oplion, lien, equity, or right unde~ w by vi~tue of this Mo~tgage, +~d tht (~II amount of eech and every such payment shall be immediately due and payable and shall bear interest irom ~he date thereof uniil p~id at the rate of r. nine per centum per annum and to~rther wit6 such iroerest shaU be securtd by the lien of this mo+t9age. 1, To permit, commit w suffer no waste, impairment o?- deteraration of sa~d prope~ty or sny part thereof. S. 7o pay all and singular the costs, charges and expenaes, including a reasonable attorney's ice and costs of abstracts of title, incur?ed or paid at any tune by said MORTGAGEE, becavse or in the event of the fa~lure on ~he par~ of ~he said MORTGAGOR ro duly, p~omptly and fully periam, d~xharge, ex~~cute, effect, complete, comply w~?h and ab:de by each and every the stipularions, agreements, cond~tions, and covenants of sa~d promiawry note and this mwtgags any o~ ei~her, and sa~d cvsn, charges and eapenses, each and every, shall be immediately due and payable; whe~her o~ not there br no~rce de mand, altempt to cotlecl w suit pending; and the tull amount of eath and every such payment shall bea. in~erest from Ihe date thereof umil paid al thc ~,~ee oi nine per ceotum per am~um; arx! all said tosts, charges and expenses incu~red u paid, together wdh wch imerest, }y~hall be secured by Ihe lien of 1h~s mortgaye. 6. That (a) in the event of any breach of this Mortgsge or default o~ t}K part of the MORTGAGOR, or (b) in the eve~t any of sa~d tums of money herein referred to be not promptly and fuily paid wi~hin th~rty (30) daya nex~ aiter the same severally become due and payable, without demand or notice, ~ or (c) in the event exh and avery the stipu~ations, agreements, condifions and covenants of sa;d promisso~y note and th~s mortgage a~y a either are not ~uly, promptly and fully Qerfwmed, d~scharged, exetuted, effected, completed, complied with and abided Sy, then in e~ther o~ any such event the said ag g.egate sum mentioned in sa:d promisswy note then ?emaining unpa~d, with interest accrued, and atl moneys secured hereby, shall become due and pay- able fo~thwith, o~ thereafter, at the option of ~aid MORTGAGEE, as fully and completely as if all of ~he sa~d sums of money were originally stipuiated ro be pa~d on such day, anything in said pra.n~sswy note or in thia Mortgage to the co~rrary notwiths~and~ng; arxJ thereupon w thereafter a~ ~he op~~w+ of sa;d ~MORTGAGEE, w~rhout not~ce w demand, suit at law a in equity, shere~ore w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnor to its instituGOn. 7. Thal in the event that at the beginning of w at any time pending any suit upon this Mortgnge, or to foreclox it, w to reform it, or to enforce payment of any ctaims hereunder, said MORTGAGEE shall apply to the Cou~t having jurisd~ction thereof for ihe appo~ntme~t of a Receiver, such Co~rt shall fcrthwith appoint a receiver of said mortgagcd property all and singutar, includ~ng all and singular the income, p~of~ts, issues and revenues from whatever sc;:rce drrived, each and every of wh~ch, it being exp~essly undersrood, is hereby mor~gaged as if speufically set forth and deuribed in the gronting and habendum clauses hereof, and such Receiver shall have all the broad and efiective funU~ons and powers in anywise entrusted by a Court to s Receiver, and s~ch appointment shalt be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adeqvacy o~ inadequacy of the value of the property mortgaged or to the ao~vency o? insolvency of said MORIGAGOR a the defendants, and that suth r.=n~s, proi~ts, incane, issues and revenues shall be applied by such Receiver accord~ng io fhe lien or equity of said MORiGAGEE and the practice of such Courf. 8. To duly, promptly and fully perform, discharge, execute, e(fect, complete, compiy w~th and abide by each and every the stipulations, agreements, cor.diYans and covenants in sa~d promissory no~e and this mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a perwn other fhan the MORTGAGt7R, the Y,ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successw a succrssor in interes~ with reference to this rcongage and the debt hereby secured in the ssma manne~ as with Mortgagor without in any way vitiating w d~schargirg the Mortgagori liability herr. ur.der or upon the debt hereby secured. No sate of the Fremises hereby mortgaged and no forL+earance on the pa~t oi the MORTGAGEE w its succeswrs or assigns and no extension of the time fw the payment of the debt he.eby sec~red given by the MORTGAGEE or its succesaors w assigns, ahall operate ~o re!ease, d~scharge, modify change a affect the original liao~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is s;.eciiically agreed that time is of the esse~ce of fhis contract and that no waiver of any obligation hereunder w of the obligation sr cured hereby shall af any time thereafttr be hetd to be a waiver of the terms hereof w of 1he instrument sewred herby. 11. In add~t~on to the forego:nq m.or.thly payments of pr~nc'pal and ~nrerest requ~red by the prom ssory note secvred hereby, mortgagor covenants .+nd agrees to pay ro morrgagee vcith each monihly payrnent an adduional sum est~n,ated by mortgagee to be equal to 1;' 12 oi the annual cost of the follow- ;ny: A-All real properry taxrs fevled or assessed agai•~st fhc above descrihed real estate. • + B-Prenuums on f~re and windstorm insurar.ce as here~n req~~red to be carrird on the improvemeats situate on the above described premises. C-Prem~ums on s~ch mortgsge guaranty insurar:ce as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby. ~i Mortgagee sheil '.rom rime to t~me not~fy morrgagor in writing of the amount due and payab~e hereunder and such sum shall thereupon be due and ,.,~able on the d~e date of the neat month:y payment and each successive month thereaiter ur.til mortgagee shall nofify mortgagor of a change in such ~ ~•-.ount. Such sums sFail be applied by mortgagee toward the payment of real property taxes, insurance p~em:ums, and mortgage guaranty insurance ~ premiums. IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aiwesaid. ~ Slgned, Sealed and delivere iw the presence of: - ~ a4 ~ ~ ~L ~ L .C~ !~(f~ ($es4 i " ~ ~ L. • L ~t~ ~ (Seaq ~ ~ ~ - Carrle enmazk Dona, on ~~an ~ • ' ~ ~ STATE Of FIORi~A ~ $'t L.11C 1@ ~ COUNTY OF • ~ Before me personally appeared L~aI Donaldson ~ Carrie ei1~I ~O~ SOZI his vvife, to me well known and knowa to me to be the individuats described in and who executed the foregoing instrtrment, and acknowledged before me that they executed the same for the purposes ~ rherein expressed. And th- said Carrie Dennark ~onaldson ' r~~fe of the said Laaar ponaldson upon a sepsrate end p~ivate ~ e~aminat~on by me taken seParate and apart from her aaid husband, acknowledged to and before me that she eaecuted said instrument freely and volurr ~ • . . - rar,fy and w~thout any compulsion, constraint, apprehe~s~on, w fear of or from her said husband. ~ WITNESS my hand and offic~al seal thi: << day ot J a.n.,19~: " i - y~~ ~ . ~ _ ~ Notary Public in and f he Stat Q~~Flvr~d~tt large. . : i, My Commission expir . - ~ f ~ ' Retvm To- - ^ ~ , - ~ first Federsl Savings d. loan Associarion NOTARIr PUBLIC. S7AT~ oh'FLORIJ~ et tAR(~ Of Fo~t P:erce. MY CO!'~11cg~~?1•~!(~IR~ ^u~. ~9. - fort Pierce. FloriJa ~e,n t~!~•u ,,,;~•,;r i•~ys'u=c~ ~::6scwuters.;_ , 7 ..i : ~ ti ~ ' ~~''~:n,~,,. .•Y Gary R. Bllaood fILEO R~1i~ ~fCOtOEA This Instrument Prepared By - First Federal Savings 8 Loan Association sT.LYCJE CODUIY fLA. IIGC~R POi;AAS of Fort Pierce , Rlorida ~tERK C~~,Cilli COURT ~Y R£C~F^ Vfa+Flf~ ~ Checked By ~ ~ t ~ ~ Z 2~3 PM T3 sb ~ OR ~ eo~K 215 Fact 22fi~ 25'76'73 ~ ~ - - - - - ~ - ~t ~ ~ ~ ~ - 1 F ~ ~ ~ ~ ~ ~ ~ ~ , _ . ~