The URL can be used to link to this page

Home My WebLink About1296 9. To place and continuously k~ep o~ the build~ng~ now a hereafta sifuate on said I~nd ~nd on al! equipment ~nd perwnally covsred by thi~ ma~¢ age, with ~tl premiums ~he~eon pa%d en full, fi~r insura~ce in the usual srandard pol~cy form, in • aum approved by tFK MORiGAGEE, and windsto~m insura~ce in ~he usuat uandud pol,ty fam, in a sum ap~rov~d by ~M MORTGAGEE, i~ ~uch cwnpany o~ compani~s ~s ~he MORTGAGEE may dlrect; •nd ~II fire ~nd w~~ds~otm in~urance polk~es on ~ny of isid build~np~, ~ny i~teroa~ therein or part thereo(, in ~M spgreg~~e wm a4o~esaid a in ~xcess the~eof, ~hall contain ~he ususl standa~d mo~tysyee tla~~s or ~uch. o~her dws~ as 1M Mor?~agN msy ~tqu~r~, makinp ~M luss vi?cie~ u~d polr • : ues, e~ch ~nd every, payable ~o iaid MORTGAGEE as ~~s in~erest may appear, and each and evrry ~uch pol;cy ahill be p~omptly ~ss gned ~nd delive.ed ~o ' •ny held by said AAORiGAGEE u(urther iecurity to ~sid n,wtgag~ deb~, ~nd. ~ot leu tMn ten (10) da» irt advancs oi tM expireliw~ of each po1Ky, to da • ~ I~v~r to said MORTGAGEE • r~newal ~herwf, tope~Mr with a reaipt fa Ihs pr~enium of ivch ~enewsl; and there shafl be no f~re o? winds~orm insuranc~ • p~ated on any of said buildinys, any interstt thtrt+n d p~?t thsreoi, unles~ in IFN fwm and wi~h 1he lou payable ai +fwe?aid; ~nd in tM event any suin - of money bccwnes payaDle under such Nolicy or po~icies w:d MORTGAGEE sAall haw rhe op~~on ~o recave and apply the same on accounl oi ~hs indabted~ ness ucu~ed hereby a ro permit s~id MORTGAGORS to receive end us~ it or any par! tl~ereo) lor o~ht? purposes, w~tho~t th±rrb~ wai~i~ig or ~mpair ~+x1 any eqvity, l;en o~ right under or by virtu~ of Ihit morty~gt; and in the event said INORTGAGORS thall fw any reason fail to keep the ssid p~emises w insured, a fail lo deliver promptly any of said policies o) insur~nce to said MORLGAGEE, or fail promptty to pay futty any p?emium lhere~a a in any , respect f~il ro pKfam, drscharge, execute, efiecf, canpltte, compiy wi~h ~nd ~bid~ by Ihi~ covenanl, or +ny part hareoL said MURTGAGEE may pl+ce ar~d ~ pay fw svch insurance or ~ny part thereof without waivirg a affectirg any option, lien, eqvity, w righl under or by virtve of th~s Mortgpe, and the t full amount of each and w~ry such payment aF~ali be im~nediataly dw and payabl~ and shaU bsu interest from the date tiureof un~il paid at Ihs ra?e ol (`,,r n~ne per ce.~tum per snnum and together with such i~terest ihall be secured by the lie~ o( this mort~aga 1. To permit, commit or suffx no wasts, impairme~t o~ dete~aration of said propery w.ny p~n ~hereof. S. To pey all and singutu the costs, charges ~nd expenses, inctudiny a ressonable at~o~ney's fee and costs of abstracta of tirte, incurred o? psid a1 j eny time by said MORTGAGEE, bccauu w in the ewnt of the failvre on the pa» of the aaid MOkTGAGOR to duly, promptiy and fully pe~fwm, d~scMrge. execute. effect. canpkte. comply with and ~b:de by each +pd every the ~tipulat~. ag~cemenb. condi~ions. and covenants oi ssid promissory note and thu mortgage any or eithar, and sa~d costi, cMrges and ~xpense~, each and svery, shaN bs immediately due a~d payabls; whether o~ no~ there be no~ice d~ marxl, atrcmpl to colkd o~ suit ~xnd~ng; and Ihe full a~aunl of euh and evay such paynx~l shall bea. interest irom the date thereoi until paid at the .a!e oi nine per centum per amwm; and all said cost~, charges and expenses incurred or paid, togethe~ wah such interest, thalt be setured by Ihe lien o1 tl~is mortgeQe. 6. That (a) in the event of any breach of this Mortgage or deFault on the ps~t of the MORTGAG~R, w(b) in the event any of ie~d swns of mo~sy herein referrsd to bs not promptly and fvtly p~~d wi~hin thirty (30) d~ya next afte? the same severally become due and payable, witFrout demand a no~ice. or (c) in the eveM exh snd every thtr ssipulations, ag~eemeob, condirions and covenants of sa;d promtsso~y oote and th~a matgage any o~ either are not iuly, promptly snd tully perfamed, dixharged, executed, effectcd, compfeted, compl~cd wi~h and abided by, then in either a any. such ~vent the sa~d ~g gregate aum mentioned in said promissory note 1FKn remaining unpaid, with intereat scuued, and all moneys setured hereby, shall bctome dw a~+d p~y- ebla forthwirh, a thereafte~, al the optlon of said MORiGAGEE, ~s fully •nd completely aa ii all of the sa~d sums of money were aiginally s~~pulated to be paid on suth day, anything in said promissory notr w in this Mor~gaqe to the contrary notwiths~anding; and tl+ereupon or thereafter at the apr+on of said MORTGA(iEE, witiaut notice w demartd, suit at l~w or in equity, tF~erefwe or thcreafte~ begun, may be proucuted ~s if all awneys secured hereby had matured p~~or to its ins~itution. 7. That in the event that at the beginning of or at a~y time pendirg any suit upan this Mortgsye, or fo foreclose if, ot to reform tL or to en(orcs payment of any claims hercu~de?, se~d MORTGAGEf shall apply to the Couat hav;ng jurisdiction thereof fw tt?~ appointmant of • Receive~, s~rch Cou.t shall Forthwith appo~nt a receiver of aaid mortgaged properly all and singular, includ~ng atl and singular the income, profies, issues a~d revenues Iran wF~atever source derived, each ~nd every of wh~ch, it being expresaly untkrstood, is hereby mortgsged ~s if spec~fica!!y xt farth and dexribed in the 9ranting and habendum clauses hereof, and such Receiver shall have aIl the broad and effective funct~ons a~d powen in anywise entrusted by a Covrt to ~ Raeiver, end such appoinfine~r shall be made by such Court a~ an admitted eqvity and a maner of absolute ri~ht to said MORTGAGEE, ~nd without ieference fo the edequacy or inadequacy of the vatue of the property matgaged or to the wivency o. insolverx~f oi said MORTGAGOR a the defendants, a~+d that such renrs, profits, income, fuues snd revenues shall be applied by ~vch Receivrr according to the lien w eq++ity of wid MORTGAGEE and the practice of such Court. B. To duty, promptty and ful(y perform, discharge, execure, ef(ect, complete, comply wi~h snd abide by each and every the stipulations, agreements, conditans and covenanfs in sa~d promissory note and ~his mortgage set forth. 9. That in the event the ownership of the mortgaged premius, or any part thereof, becomes vested in • person other than the MORTGAGOR, the MOR7GAGEE, its successors and eu~gns, may, without notica ~o tM MORTGAOR, deal w~th such sutceuw or succe:sor in interest with reference to lhis mo~tgaqe and the debt hereby secured in the same manner as with Mo~fgagor without in any ~vay vitiating q discharging the Mortgagors' liability i?~rt under a upo~ the debt hereby secu.ed. No sale of the premises hereby mortgaged artd no forbearance on 1he part af the MORiGAGEf or ir; successors o~ ass~gns and n~ exten:ion of the time fa ti~e payment of the debt hereby secured given by the MORiGAGEE or its •uccessas w assigns, ahall operate ~o release, diicharge, modify change a atfect the original Iiabilily of the MORTGAGOR herein, either in whole or in part_ 10. h is speufically agreed that time is of the essence of this contract and thst no waiver oi any obf;gat~on hereunder or of the oblgarion se- cvred hereby shafl at a~y time thereafter be hetd to be s wa~~re? of the terms hereof w of the inairument secured Fieryy. I 1. In add~tion to the fo~ego:ng monrhly paymenh of princ pal and interest reqvired by tFw promissory note secured hereby, morlgagor covenanri and agrees to pay to mortgagee with each monshly payrrteN an add~~ional sum est~mated by mortgagee to be equal ta 1/ 12 of the ann;;al cost of tF~e iollow- in(~: A-All reat property taxes tevied w assessed agai~st fhe above describcd real estate. B-P::miums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the above desaibed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t me to time deem fit to tarry on the loan secured hereby. Alortga~ee shall from time to t~me ~orify mortgagor in writing of the amount due and payable hereunder and such wm shall tt~ereupon be due and ~ ayable on rhe dve dafe of the next monthty payment ar.d each successive month thereaher ur,til mortgagee shall notify mortgagor of s change in svch a~"ount. Such sums shall be applied by mortgagee toward ihe paymem of real property taxes, insurarxe prem:ums, and mortgage gwranfy insurance ~ emiums. ~ !N LYITNESS ti`lHfREOF, the said MORTGAGOR has hereunto set his hand and seal ttw day and year first afcxesaid. ned, Seated and delivered in the presence of: Ci~~~e~'_ " /J i ~ , ~ (Sea~ len J t n eq v - {Seaq ' ~ ~ ' Bonnis Gai C ayto~n ~~a~~ i STATE OF FIORIDA 1 1 ~ couNnr OF St. Luci~f ~ Befwe me penonally apptared ~ 1Ptf _i-Sl~~~An ~ BOI1I1~@ Gail Clavton his wife, to me well known and known to me to be ' rhe individuats described in ~nd who executed the fwegoiny instrument, ~nd acknowledged before me that they executed 1he same foi the purposes i ~ therei~ expressed. And the wid Bonnie Gail C layton ` N~fe of the uid Allen J. ~e'?VtOtl , upon a separate and privat~ ~ exam~nation by me taken xparate and apart from htr ssid h nd, acknowledged to and before me that she execvted said instrument freely and vofvm ; rarily and w~thovt •ny compulsion, consl~aiM, appre fe of or from he ' husband, ` WITt~ESS my hand a~d officiat seat this day o A. D. 19~~ [ i / r ~ Notary Public in a for the State of fbrida at larye My Commiuio~ expires: ; Retum To: NQTIIRY pUgUC, STATE bf FLORIOA ~t IARGE:;, ~ , First iederal $avings b Loan Associat~on ~ of fort P:erce. MY WMMISSION QPIRES IAN. 7,~.~~.•''••••,•:'`'r~' % (loade0 By Amerian &atet= lrwpp~r~C i. _ . s Fort Pierce, Florida . G. - _ - _ ~ ~ ~1 ~ _ ' Gary F. Ellwood , C - _ ~ This Instrument Prepared By fItEO AND RECOROE~ = ' t First Federal Savings & Loan Association ST. WCIE COUN7Y fl - _ ~ of Fort Pierce ~ Flozida ROCER PO~TAAS _ ~ ~ CLERK i.lnCUE? COURT Checked By ~ REC04C YEF~`~Efl . ,l~. I~ 9 3o AN'Z3 sb . . ~Q 259U30 ~~~~2i6 ~.~12~~6 ~ - _ ~ Y ~ . _t~ _ _ _