The URL can be used to link to this page

Home My WebLink About1530 3. To piece and contin~ously kcnp on the bui'd~ngs ~ow a harea(ter ~ltuste on sa~d land a~+d on ell equipmant and pe?wnaity covered by this mo+eg- sge, with all premi~ms thercon pa~d in full, fire insur~nce 1he u~ual s~a~~dsid polity foim, in • sum app+oved by Ihe MORiGAGEE, and windstorm insuranc~ in 1hs usual atandard pol~ty fam, in a ~um approved by tM MORTGAGEE, in tuch canpany w compan~e~ a~ ihe MORTGAGEE may dind; +nd all tire and w~ndstorm insuror+ce policie~ on any o( sa~d 6u~W~ngs, any intaresr therein ~ part thereof, in tM aQgregste ~um ~fwesa~d or tn exceu Ihereof, sMll con~ai~ ths usual s~a,~da~d mortgagee clause a such oiher ciavs~ ~s ~h~ Matpagea msy requiro, makirp the lost undcr ~a~d po1F cies, each and every, payab~~ ~o said A10RTGAGEE ai i~e interest may appear, and each and eve~y swh po~icy ~hati be promptty ass q~ed and dalivered ~o any heW by said MORfGAGEE as fur~her iecu~ity to sa~d malgaqe deb~, and, no1 leu ~Mn ten (10) dayt in advsnce of the e:pir~tio~ of each policy, to dr livs~ 1o wid MORiGAGEE a renewal thereof, 1og~th~~ with a reteipl iw the pr~mium of wch ~enewal; and there shall be no f~re or windsto~m insura~c~ ' p~eced on any of said buildingi. ~ny interest there~n or put thereof, unless in rhe (wm ~nd wi~h tM loss payable as afa~s+id; and in ~he eveM any sum of money becomes payable under such policy w polKies said MORTGAGEE shall have the option ~o receive and apply the same on accovnl of the indebted~ neis setur~d he~eby w to ptrmil sa~d tAORTGAGORS fo reteive and use it p any pa~t tAereoi fo~ other purpo+cs, w~~ho~f th~rcor wdiv~n3 or ~~npai.- ! Infl s~y equity, lien or right under w by virWe of thii margage; and in tM event wid MORTGAGOiS stwll fo~ any reason fail to kecp the s+id premius so ! insured, w fail to deliver promptly a~y of said polKies of insurance to s~ld MORTGAGEE, a fail promptly to pay fv{ly any prcmium therefw w in any ~ reapetl fail to pe?form, d~scharge, eaecute, effecl, complete, comply with and abid~ by thit tove+~anl, p~ny parl hereof, said MORTGAGEE may pl~te and ' pay fa such insurancs w eny part the~eof without waiving w affectirg any option, lien, equity, or righ~ unde~ w by vi~wa of this Mortga9e, and the f~ll amount of each end every such payment shall be immcdia~ely due and payable u+d shall bear interes~ irom the dare rha~eof until pa'd at the rate ol nine pe~ centum per ~nnum a~d toge(~ier with such interest ahall be sc+cured by the lien of this mort9age. 1. ?o permib comm;t a sufter no waa?e, impairment a deterioration oi said property w any pan thereof. S. To pay all and siny~ta~ the costs, charyes and expenses, including a reasonable ~ttwney's fee snd costs of abetracts of title, incurred or paid at eny Yune by said MORiGAGEE, because or in the event of the iailure on the pan of the s+id MORTGAGpR to duly, prpmp)ly and fully pgrfwm, d~schsrge, execute, e(Fecr, complete, comply w~1h and ab:de by each and every the stipulations, +greements, conditions, and covenants of said promissory note and thii mortgage any or e~~her, a~d sa~d costs, chs~ges and e:penses, each and every, shall be immediate~y due and payabie; whether or not the.e be no?ice dr mand, attempt to collect or tuit pending; and tha (uIl amov~t of each and every such payment shafl bear iMeresl from ~he dste thereof uMil paid et tfit ~ate of nine per camum prr am~um; and all sa~d coits, charget and expe~sea incurred a paid, together w~~h such int~rest, shall be secured by the lien of th~i mortpage. 6. That (a) in tfie evenf of any breach of this Mortgsge or default on the part of the MORiGAGOR, or (b) in Ihe event any of sa~d sums of money herein refe~red to be not p~omptly and fulty paid within fhirly (30) days next af~er fF~e same ceverally become due and payable, without demand w notice, or (c) in the event exh and evrry the stipulations, agreements, co~ditions a~d covenants of sa~d promi:sory note and th~~ mortgage any or e~ther are not ~uly, prpnpNy and fully pertamed, d;ubarged, executed, eiFected, completed, compGed wtth snd abided by, then in either or any such event the said ag~ gregate sum mentioned in said promiuwy oote lhen remaining vnpaid, with interesl accrued, and all moneys secured hereby, shall become due and pay~ able forthwith, « the?rafter, at the option of said MORIGAGEE, as lvlly and rompletely as il all of tlx sa~d sums of money were wginaily st~putated fo be pa~d w? such day, anything in sa:d prom~uwy note or in this Mwtgage to the contrary notwitFutanding; and the~eupon a thereafter at the op~~on of iaid MORTGAGEE, without notice or demaod, suit at law or in equity, there(ore or thereafter begun, may be prosecuted as if all moneys secured hereby nad marured pnor to ~ta insti~u~ion. 7. That in the event that at the beginning of w at any time pending any au~t upon this Mwtgage, a to faedose it, w to refwm it, w to enfate payment of any claims Ix~eunder, said MORTGAGEE shall apply fo t1x Covrt having ~urisdidion thereof fw the appointmenl of a Receive~, such Cou.f shall farrhwirh appoint a receiver of said mwtgaged p+operty all and firgular, includ~ng al) and singular the income, profits, isaues sr+d revenues from whateve~ seurce derived, each and every of wh~ch, it being expresaly unders~eod, is hereby mortgaged as ~f speufically xt forth snd dexribed in the pranring and habendum clauus hereof, and such Receiver shall have al! the broad and eflect+ve funU,ons and powers in anywise entrusted by a Cour1 to a Receiver, and i~ch appointment shall be made by such Court as an admitted equity and a malter of absotute nght to said MORSGAGEE, and without reterence 1o the edequacy or inadequacy of the value of the property mor~gaged w to the w~vency or ~nsolvency o( :aid MORiGAGOR o? the defendanrs, and that such renrs, profits, income, issves and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practite of such CouR. B. io duly, promptly and fully pe~form, d7scharge, execute, eifecl, complete, comply with and sbide by each snd every the stipvlationa, sgratimenfs, conditions and coveoants in sald promissory nore and this morfgage set fo~th. 9. That in JF~e event the ownership of the mortgaged premises, or any part thereof, betomes vestcd in a person other than the MORTGAGOR, the MORTGAGEE, its successws and ass~gr.s, may, wi~hout notice to the MORTGAOR, deal with such succeuw or successor in i~teresf wirh reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor w;fhout in any way vitiating a discharging the Nbrtgagors' liability hero- under p upon the d~bt hereby secured. No sate of :he Frem~ses hereby mo:fgaged a~d no forbearance o~ the part oi the MORTGAGEE or its successwa _ or assigns and no eatension of the time for the payment of the debt hereby secured given by fhe MORTGAGEE or its sutcessws w assigns, shail operate to release, discharge, modify change or affett the origi~al liabiliry of the MORTGAGOR herein, eifF~er in whole w in part. 10. It is specificatly agreed thaf time is oi the esse~ce of this contract and that no waiver of any obligation hereunder w of the obligation sr c~red hereby snall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tion to the forego:ru~ monthly payments of princ pal and interesr requ'ued by the promissory note setured hereby, mortgagor covena~ts and agrees to pay to mo:tgagee ~nith each month!y pay~~zent an add~~ional sum est~m,ated by mortgagee to be equal to 1 J 12 of fhe annua~ cost of the follpw- in9: A-All real property taxrs lev~ed or assessed agai•ist Ihe above desc~ibed reat estafe_ ; 8-Premiums on lire and windsto:m insurar.ce as here'rn requ~red fo be carried on the improvements situate on the above described premises. i C-Premiu~ns o~ such mortgage guaranty insurar:ce as mortgagee shall f~om t:me to time deem fit to carry o~ the loa~ secured hereby. Mortgagee shail from time ta time nolify mortgego~ in writing of the amount due and payable hereunder and such sum shall thereuppn be due and ~;ayable on the due date of the next mo~th:y paymer.t and each successive month the.eafter ur,til mortgagee shall notify mortgagor of a change in such a~r,ount. $uch sums sF.all be appl~ed by mwtgagee tovvard the payment of real property taxes, insurance prem:ums, a~x! mortgage guaranty insurance p•emiums. IN WITNESS WHEREOF, the said MORiGAGJR has hereunto se! his i~and and seal the day and yea~ first afwesaid. Sign J, Sealed and ed in the presence of: nean , _ arl Lee Thomas cs~an ' ~ / ~ ~ ` (Seaq _ Jam~ie E. 03aS t~a~~ ~I - STATE OF FLORIDA ~ ' St LuCie ' COUNTY OF • { 8efore me persona!!y appeaied C~ 1~8 Thomas a~ ! ~@ Thoaas his wifc, to rrx well known and known to m~. to be ` the individuals described in and who executed the fwegoirg insfrurn~nt, and acknowledged before me that they executed tFx same fw the purposes ' Thonas ! rherein expressed. And the said tl~1e E• ~~~fe of the said C1l1 I"ge ThOII~S upon a separate.ar~d ~vate ~ a,am;nat~on by me taken separate and apart from her said husband, acknowtedged to snd befwe me that she executed uid instrumeni ftoely•aiiayo~1tf rar,ly a~d without any compulsion, constraint, appre ;on fear of w~rom her said husband. E WITNESS m hand and official seal this da o ` . •~3 ` i Y Y ' ' ~.'D. - ~ ~ ~ - - tary Pu61ic in aod f te FI~W ~ 4?~e. ' .My Commission expires: , ' Return To: " ~ - - -r: - } First Federal Savings a loan Aasociat~on ryQTt1RY PUBU~. s'[a~F oi-fi0R1DA at ~ltt6E\ i Of Forr A~erce. b1Y CO'+IAR~SSIOl1 EJ(P1Ri3 DEC;'2~; 19Y5•~ - ~undr! Thro Geeerd Irtsaqnce U~der•xtDtaA.' Fwt Pierce, fbrida 259188 ~ , - This lnstrument Prepared By J. Hdl Robert s~ JZ . fT: LyGI~ ,.'1~111~~~- ; First Federal Savings 8~ Loan Association ~£t~ ~~~~6 ' of Fort Pierce F' loz ida ~~ic L' ~,1ist ~Of~RT ~ ~ ~!f~'~!t~ 11'_F:.FfE ~ ; i Checked 8y • yr t~ p 1= w~'j3 ~iw. r v rn . ~ ~ F ~Ot~?tc~~~ Pa~f ~s~h~i - - - - - - - - s v , _ _ . ~ - ~