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Home My WebLink About1534 , To plue ~nd conNouously keep on the bui!ding~ now w hereafte~ ~ituats on taid land and o~ dl cqucp~nero and perionatty covered by thi~ ~na~g- ~s, w~th ~11 p~emium~ thercon pa~d in (utl, fire insurenu ~n the usual ~~endsrd polity lorm, i~ • tum ~pproved by ~he MOR~GAGEE, and w~~dsw~m inw~anca in 1M oswl ~tandard pol:ty for~n, in • tum approved by 1he MORTGAGEE, ie sucA compsny o~ compen~es ~s tF+~ MORTGAGEE may direU; +nd all tir~ ~nd w~ndetorfi insurance pol~ues on any ot aaid build~nqs, ~ny i~teres~ lhtrein ot part ~he~eof, in ths +pg~c9~~e ium ~fa~eiaid w In sxceu ~hereof, shall contain ~be usual standard mw~geyee clause o~ such othe~ tlaus~ u~he Mor~gagee may requir~, makin~ the luu u~der sa~d po1F cie~, each and eve~y, payab!e to sa~d MORIGAGEE as i~s inte~esl may appear, and e~ch and every tuch policy shall be promptty ass gned and delive?ed ~o ~ •ny held by seid MORTGAGEf as (urther securi~y to ssid matgags deb1, and, not leu tMn 1en (10) days in advance of the eipiration ot eech pol~ty, to d~- liwe~ fo seid MORiGAGEE a ranewal ~he~eof, logeth~r with s receipl tw Ihe premivm of ~~ch renewal; and ~here shall be ~o f~te or windstorm insurance plec~d on ~~y o1 said bvildinys, any intere~t therein a par~ thercol, unfess in rM form and with 1h~ loss psyable at aforesaid; and in the event any sum of moeey becomes payabte unde~ such policy a poGues said MORTGAGEE ihall havs ~he oprion to ~eteive and apply the ume on accovro oi ~he indebtrd- ~ nesa setured he~eby or ro permit sa~d MORTGAGORS ro receive and uu it p any part ihereoi fa Othcr p~rposcs, v.~rhaut tha•~u~ waivi,i~ or ~~~~p,,;r- ing any equ~ty, lien w righf unde~ o~ by virtue of thii mor•gsge; and in the evcnl said M.7RTGAGOQS shall fa a~y reason fail to keep the said premisrs so i~au?ed, or fail to detiver promptly any of aaid policies ol i~turante to said MORTGAGEE, u fail promptly to pay fuily any premium therefor or in a~y respect fail to perform, d~scharge, execute, efiec~, complete, compty wirh and ab~de by thii covensn~, a any part hereoi, said MORTGAGEE may pface a~~o pay fa tuch insu~ance or any part thereof without wsiving or •ffecting any option, lien, equity, or ~ight under w bi virtue of this Mo~tgage, and thc ' full amount of exh and every auch payrru~t shall be immedi~tely due and payabla and shall bear interesf from the dats thereof unril paid at tlx rate ot ~~~e per ceofum per annum and io3ether wi~h such ~nre+est shali be ie~ured by the ~ien of ~h~i matgage. 1. To permif, tommit or sufier rto wsste, impsirmeM or deteriwstion of said property or any pa?t the~eof. S. To pay sll and singvlar the costs, charges and expenses, iruluding a reasonable al~orney i{ee and costa of abstracts of title, incuned w pa~d at nny lime by aaid MORTGAGEE, because w in the evenl of the failure on ths part o( the said MORTGAGOR fo duly, promprly sr~l fully pe~f~m, d~xharge, executs, effed, complere, comply w~th and ab~de by each and every the stipvlationa, agreements, conditiau, snd covenants of sa~d pro~nissory note and ~his mortgage any w eithe?, snd u~d costs, cha~ges and expe~ses, each and every, ahall be immed~ately dve and payable; whether or nor rFrere be norice da mand, attempt to cotkct or suit pending; and the full a~nounl oi each and erery s~rch payment shall bear iNeres~ from the date thereof until paid at the rate of nine per cantum per an~ium; and atl sa~d costs, charges and expenses incurred u paid, toge~her w~th iuch interest, shall be secured by the lien of this mortgsgs. Q That (a) in the event of any breach of fhis Mortgage or defaute on the part of tF~e MQRTGAGOR, or (b) in the event soy of sa~d tums of money herein ~efer~ed to be not promptly and fully paid wi~hin thirty (30) days nexl after the same sever~tly become due and payable, without demand o~ notite, cr (c) in ~he evem each and every tF+e sriputauons, agreemeros, cooditiau and covensnta of sa~d p~omi:wry note a+.d ~h;s mortgage any or e~ther are nol iuly, prompUy and fuAy perfwmed, d~scharged, e,cecv~ed, eitected, completed, compGed with and abided Sy, then in e~ther w any such evem the sa~d ag; gregate t~m mentioned in said prom~ssory note then rema~ning unpaid, with interes~ accrued, and all moneys secured hereby, shatl became due a~d psy- able fo~thwith, or thereafter, at the optio~ of said MORTGAGEE, as fully and completely as if all of the said suma of money were aginally st~putated ~o be paid a+ such day, a~ything in sa;d prom~ssory note or in this Mortga~e to Ihe co~trary notwithstanding; and thereupon p thereafter af the option of said MORTGAGEE, wirhoul notice or demand, s~it at Saw or in equity, therefwe or fherea(ter begun, may be prosec~ted as if all moneys secuted hereby nad ma?ured pnw to ifs institutiw?. . 7. That in the evcnt that at the begin~~ng oF or at any time pendirg any su~t upon this Mortgage, or to foreclose it, w to refam it, or to enforce paymeot of ~ny ctaims hereunder, said MORTGAGEE shall apply lo ~he Court having jurisd~ction thereof fw the appointment of a Receive~, such Court shall Forthwith appoint a ieceiver af said mwtgaged property all and singular, intlud~~g all and :ingular the income, protits, iasues and revenves from whatever source derived, each and every of wh~ch, it being expressty understood, is hereby mo~tgaged as if spec~fically set forth snd dewibed in the granring and habendum clauses hereof, and such Receive~ shafl have all the broad and effect;ve funct~ons and powers in anywise entrusted by a Court to a Receiver, and such sppointment shall be made by svch Cou~t as an admitted equity and a mattec of absolute rigM to said MORTGAGEE, and without referonte to the adequacy w inadequacy of the value of the property mwtgaged or to the so~vency w inzolvency of sa:d MORiGAGOR or the defendants, and that such ren~s, profirs, income, iuues and revenues shall be applied by such Receiver acco~ding to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptty and fully perform, discharge, execute, effect, complete, compty with and ebide by each end eve~y the stipu}ations, ayreements, co~ditions and covenants ±n sa~d promissory note and this mortgage se1 fw1h. 9. That in the event the ownership of the mortgaged premises, d any part thereof, becomes vested in a perso~ other than the MORTGAGOR, the N.ORTGAGEE, its successcrs and assigns, may, without no~ice to the MQRTGAOR, deat with such successo~ w svccesso~ in interest wi~h reference to thi~ mortgage and the debt hereby secured i~ the same manner as with Mortgago* without in any way vitiating or diuharging the Mwtgagora' liability herr under or upon Ihe debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on ihe part of the /~1CRiGAGEE or its successors or assigns and no exte~sion of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successws w assigns, ahall operate ro relcase, d~xharge, modify change or atfect the original liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specifical{y agreed that time is of the esunce of this contratt and that no waiver of any obligat~on hereunder w of the obligatan sr c~red hereby shaG at any time thereafter be held to be a waner of the terms hereof u of the instrument secured herby. I1. In acid~fio~ to the forego'ng rf~onth!~ payments of princ"pal and inrerest requ~r~d by the promissory note secured herevy, mortgagor covenants j and agrees to pay to mortgagee ~n,ith each mon~hly pay.nent an add~~ional sum est~mared by mortgagee to be equaf to 1~ 12 of the annual cost of the follow- ing: A-A!~ rea~ property taxes lev~ed or assessed aga~nst thc above described real estate. 8-Prem:~ms on fire and windsrorm ~nsurance as here~n requ:red to be carried on the improveme~ts sit~ate on the above dsstribed premi:es. C-P~emi~ms on such mortgage guaranty ir.surar~ce as mo~tgagee shall from rme to time deem fit to tarry on the ban secured hareby. Mortgsgee shail from tim~ to time notify mortgagor in wnt~ng of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of ~he next month:y payment and each successive month thereafter ur.til mortgagee shalt notify mortgagor of a change in such a-•,ount. Such sums sF.all be appiied by mortgagee toward the payment of real property taxes, insurante prem:ums, a:~d mortgage guaraniy insurance n~emiums. IN Y~tTNESS WHEREOf, the sa7d MORiGAGOR has hereunto set h:s hand and seal the day and year first af esai Signed, Sealed and deliv d in the presente of: ~ - ~ ~ en 1' ~ Seaq ~ ~ G' (Seaq ; ~a~bara C . Linehan i E ~ STATE ORIDA ~ j COllNTY OF St. Lucie ~ ~ i ~ Before rr+e personaUy appeared John F. I.inehan a~ ~ Ba=bara C• Linehan his wife, to me well known and known to me to be s the individuals dtscribed in and who ezecuted the fwegoing instrument, and acknowledged before me that tlxy lxKtiied the sart4s for the purposes E therein expressed. And the :a~a ~ Barbara C Linehan i ' - , . ~ N~ra of tt,e sa~d ^ JOhn F_ Linehan ;~y„s-~p;~ja ,~ate ~ examinatian by me taken separate and apart from her said husband, acknow{edged to and before me that ahe execvted said~~oitruil~nt firevly"~n~ivplur?~ ~ rarily and without my computsion, constraint, apore ion,,u fear of w from ber said husba:id. 4~- ~ U~• ? WlTNESS m hand and official seal thi . Y day~ .~lIZ ` ~ ~ .10.~rD.:1~ ~ ; ~.-C.C. y~ r= " otary Public in and for t, tak 'rl~fidb !t?s~~;`' ~ My Comm~ssion expires: ' , - ; ' - Retum To: - " • • " ~ first Fedenl $avings a toan Association NpTp(~( pUg.{C, Sii(jf ~T.~ORI[~Adtt1RRGE ~ oi Fo~t P;efce b~Y CO~;AISS!C'~ EIMRfS~OE~C: 2~. 1975 ~ fort Pier~e, Fbr~da gpndrd ThN Grrte~al Ins•rnnca Und~rWnton. ~ : : 2591so , ~ This Instrument Prepared By J. H. Roberts ~ JY. j~~EO Ah(~ gE~ ROE ` IUCIC L~ ~ NF' ` ~ First Federal Savings 8~ loan Association ROC:t} aa r YfL , a : r of Fort Pierce , Rlorida ~f ?R~ y~~~~f, f~ ~~l/RT i ; Checked By ; ~ ~B 8 i~~ r . z 5 ~ ~ ~ ~16 ~ - - - ~ _ - ~ a y - _ ~ ~ . . . . . . s_Y.:y~':i'.^,