The URL can be used to link to this page

Home My WebLink About0918 3. To pface and cantinuously keep on ~he bui:d~~~g~ now o~ hereaiter situate on aa~d tand and on al~ eq~~~pment and personally coverrd by ihis mor~g~ egs, with atl pramiums th~rcon pa~d in iull, firc iniurance in tne us~a1 a~andard polity fo~m, in • sum approved by the MORrGAGEF, and w~nds~o~m insur~nce in ths usuat s~andard pol~cy fo~m, in a sum appro~ed by the MORTGAGEE, i~ such company or canpan~cs a~ the MC~RTGAGEE may direc~; u~d all fi~e and winJstorm inturance pol~ues o~ any of ~eid build~~gs, any in?eres~ therein or put thereof, in the ~flg~egste tum ~fwesaid or In extcsi the~eof, shall contain the usual s~andard mortgagee clause o~ such other clause is !hs Matg~gee m~y ~cqu~re, makinq ths loss u~de~ ta~d poli- cies, e~ch •nd eve?y, payable ~o ~aid A10RTGAGEE as ~ts intereu may appear, and each and evc~y iuch poi,cy sha11 be prompNy ass gned and deGvered ~o •ny hetd by said MORiGAGEE as further security to said mortgage debt, and, not less than 1en (10) d~ys i~ advance o~ the expirstion of each policy, to dr livK fp taid MOR7GAGEE a~enewal lhereof, Iogether wi~h a ~eteipt fw tha premiv~n of tuch renewal; and there shal~ be ~o fue o~ windstorm insurarue pl~ced on sny of said buildings, any intereit there~n or part Ihereof, unlest in tM form and with th~ tou payable +a ~toresaid; and in ~he evenf any ~um of mo~ey becomes payabla under such policy or pol~cies said MORIGAGEE shall havs Ih! OptiOA t0 ~Keive and appty Ihe sa~ne on actoun~ ot the indebted- neis se<ur~d horeby d ro permif said MORTGAGORS to ret~ive and use it ot eny parl thereof for otiir~ pu+{~atrs. YI~~~10J~ ~h,rcu~ waivi,i~ or ~~upa~r ing any equ~ty, lien o~ right unde~ or by virtue of this mo:!gage; ~nd in tha event ta~d MORTGAGORS shall tor any ieafon fail to keep the said premisr~ so ~~~ured, a fail tp delive? promptly ~ny oi said polKics of insurante to sa~d MORIGAGEE, w fait promptly to pay fully any prem~um Iherefw or in any respect fail lo pe~(wm, discharge, execute, eftecl, complete, comply wi~h and abide by this covensnt, w any parl hrreoi, taid MORTGaGfE may place and pay fa suth iniurance or eny part thereof without w~iving w affecting ~ny optian, lien, equity, er ~:ght under or by vi~tue oi this Mwtgaye, •nd tht f~tl amoum of each and every such paymem shall be ~mmed;stety dve and payable and sAall beai interes~ from the date thereof until pa~d at tha rate oi ~~ine per tentum per snnum and io~ether wirh ~uch iroerest shaN !~e secured by the fien of thi~ matgage. I. To pe~mil, tommit or suffer no waste, impairmcnt w deter~orafion of said property or any part thereof. 5. To pay all end singular the costs, cha~gcs snd expenses, including a reasonable atto~ney i(ee and wsrs oF abstracts of title, incurred w paid at any time by said MOQTGAG:E, because a in the event of the (a~lure on the part of the said MORTGAGOR to duly, promptty •nd fvlfy periorm, d~xherge. execute, effed, comptete, compty w~th a~d ab;de by each and evcry the stipu~atrons, sqrcements, condi~ions, and covenanta of said promissory note and th~i mortgage any or eitluv, and sa~d costs, charges and expenses, euh and every, shall ba immed~ately due and payable; whether w not ~here be no~ice de mand, attemp~ to cottect or s~i~ pend~ng; and the fvll amount of each and e~ery such payment shail bear inrerest from ?he dafe thereoi until paid at the r.~te o~ nine pe~ centum per an,~uar, and all said costs, charges and expenses ~ncurred w paid, toge~her w~th such imerest, shall be secured by the lien of th~s mortgege. ~ 6. Thaf (a) in the ove~t of any breach of this Mortgoge or dcfault on the part of ~he MORiGAGOR, or (b) in the eve~f sny of said sums of money herein referred ro be not promptly a~d fully paid within ll~,rty (30) days next afeer the same severatly become due and paya6le, without demand or ~orice. or (c} in tha event each and every the_stipvEauons, agreemrros, condn~ons and cove~anrs of sa:d p~omiswry note and th~s mortgage any w ei~her are not iuly, promptly and fulty per(ormed, d~scharged, execu~ed, effected, complered, complied w~lh and ablded 5y, then in e~ther w any such event Ihe ta~d ag gregate sum mentioned in said promissory note then remaining unpaid, with inte~est accrued, and atl mo~eys secured hereby, shall become due and pay- able forthw~th, or thereafter, at the option of said MORTGAGEE, as (ully and comptetely aa i( atl of the said sums of mo~ey were a~gina;ly stipulated ro be pa~d on such day, anything in sa:d prom~sswy note or in this Matgage to the tontrary notwithstanding; and ~herevpon w thertafter at Ihe option of said MORTGAGEE, without not~ce or demand, suit at ?sw or in equity, therefwe w thereaf~er begun, may kx prostcuted as if all moneys iecured hereby had maWred pnor to its institution. 7. That in rhe event rhat ar the beginn;ng of oi st any fime pending any s~~t upon this Mortgsge, a to foreclose it, w to ~eform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Covrf having jurisd~ct~on thereo} for 1he appoi~tmeN of s Receiver, such Court shait forthwith appoint a ~ece~ver of said mortgaged property all and singuter, inctud~ng al! and singular the income, prot~ta, issues and revenue~ from whatever source derived, each and every of wh:ch, it be~ng express~y understood, is hereby mortgaged ss if specifically set forth artd dewibpd i~ the granting and habendum clauses hereof, and such Receiver shall I~ave all the broad a~d effecrive funct,ons and powers in anywise entrusted by a Cou+t fo a Receiver, and s~ch appointmenr shall be made by such Courf as an admitted equity and a matter of a6sbtute right to said MORTGAGEE, and wifhout reterence to the adequacy or inadequacy of the value of the property mortgaged or to the so.vency or insotvency of said MORTGAGOR or the defendants, and that such rents, prof:ts, income, is~ues and revenues shait be apptied by such Receiver accord,nq fo ~he lien w eq~ity of uid MORTGAGEE and the practice of such Courf. 8. To duly, p~omptly and iully perform, discharge, execute, effect, complrte, comply with and abide by each and every ihe stipulations, agreements, conditions and covenants ~n sa~d promissory note and Ihis morrgage set iorth. 9. That in the event the ownership of the mortgaged premises, oi any part lhereof, becomes veste~ in a perso~ other than the MORTGAGOR, tl~e h•.ORTGAGEE, its successors and ass~gns, may, without nct~ce to the MORiGf+OR, deal with such suctessw w s~ccesso~ in enterest with reference to this mortgage and the deb~ hereby secured in the same manner as wi~h Mortgagor w~tFqut in a~y way vit~ating or d~schargi~g the Mortgagors' lisbility herc unde~ o~ upon ?he debt hereby setured. No sale of the Fremixi heroby mo~tgaged and no forbearance on the part oi the MORiGAGEE w its svccessors or assigns and no eatension oP the time fu the papment of the debt F~ereby aecured given by the MORTGAGEE or its successots or ass~gns, a+~all operate ro re!ease, d~scharge, modi(y thange or atfect the org~nal liab~lity ofi the MORiGAGOR herein, either in whole w in part. 10. It is spec7fica!!y agreed thar time is of the easence of this toNract and that no waiver of any obligation hereunder or of the oblgatan se- cured hereby shall at any time thereatter be hetd to be a waiver of the terms hereol q of 1he instrument setured he~by. 11. In add:tioa to the forego ng month!y paymems ol pr;nc pal and inrzrest required by the promiswry no~e secured hereby, rnortgagor covenants and agrees to pay to mortgagee r~~th each rnonfhiy pay.ner.t an add,nonal sum est:n,ated by mortgagee to be equal to 1; 12 of the anouai cost of the follow- ing: A-All real property taxes levie~ or assessed agai•~st thc alwve descri5ed r^al estate. B-Prerniums on fire ar,d vr~ndstonn :nsvrar.ce as herein requ~red to be carried on the ~mproveme~ts situare on tl~e abave desc~ibed premises_ C-Premi~ms on such mart~age guaranty i~sura~~ce as mo~tgagee shaD from t-me to time deem fit to tarry on the loan setured hereby. Mort9agee sfiall !rem time to t~me notify mcrtgagor in wr~t~ng of the amount due and payablc hereundrr and such su~n shall thereupon be due and Fayable on the due ciate of ~he next monthly payment and each successive month tnereafter ur.til mwtgagee shall notify mortgagor of a change in such ~~rount. Such sums sF.a:l Ee apptier} by mortgagee foward the'payment of real property taxes, insurante prem:ums, a~x! matgage guaranty insurante p~emiums. - IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set F~is ha~:d and seal the day and year first aforezaid._ ~ igned, Sealed and detive?ed in the p:ese~ce of: i ~ a~ ' iY1 C1 renc J Rexf d ~xa~ j _ ~ . ; • (Seaq i _ - Ssra F. Re ord ~a~) V ~ StATE OF fIORIDA ~ ~ COUNTY OF $t . I.L1C ~4L ( ~ ~ Before me personally appeared Cla=~11C@ RQX~OZtI " a~ ; a ra . ex or I his wife, to me well known a~d known to me to be ' the individuals desuibcd in and who executed the foregoing instrumtnt, and acknowledged before me that they executed the ume for tF?e purposes ' ~ rherei~ expressed. And the said_ $8Ya F. Rexford a w~fe of ~he said _ CZaZQriCe .J. RCX~OId , opon a up~rate snd privste s exam~nation by me tatcen separate and apart from her said husband, acknowledged to and before me that she executed said instrumaN ireelY and volurr rarily and w~thovt any computsion, constraint, appreh ns~orf~ fear of or fr ' husband. t, ~i~.~~ , f L~ WITNE55 my hand and official seal this day f 'luly '~,p, j'(~~3 ~ ' " n s ~ / ` i ~ Notary Public in and for the StatQ o elorida~ r • ~ % ~ ~ •r' . = ; My Commission expires: ~ : K - ~ _ _ i Retum To: _ ~ : . - ~ 1~ ; Firdt Federal Savings S loan Association - ~ ^ • • ~ _ Of iort P~erce. . + .~'tr ? ' { ~ ` s:. ` Fo~t Pierte, Florida . , y : ; • G, . . . ; STATE s ; , ~ 7 ~ ~~~~~Ilt{IIt~~1~~~,`` This Instrument Prepared 8y G~?Yy F, El l~rood 1~ First Federal Savings & Loan Association of Fort Pierce y Florida ~ ~(t! ~.~4~N~Y~~~, i~a+~ aaitRa6 T ~ i~`~~~'I~ ~ Checked By •~p~~',~:;;~tT C~v~ _ ~ - r,~D~ ~ O R fEG~~~' V~ ' ~ = ~QOK 216 ~~E 918 t3 ~ ww 5b - _ _ - - - - - - ~:_a , - _