The URL can be used to link to this page

Home My WebLink About2169 3. To place and continuousiy keep on the bui:d~r.~s now o~ hereaftsr situat~ o~ sa~d land and or~ all equ~pment and per~onally covered by this mo~tg~ sq~ wirh al) prem;umi ?hereon pa~d in i~tl, fire insurance in the usual standard polity 1orm, in a sum approved by the MOR(GAGEE, and wind~torm :~surante in Ihe usudl standard pol;cy lorm, in a sum apptoved by the MORTGAGEE, in such tompsny cr tanpa~ics as lhs MORTGAGEE may d~rect; and all (i~e and w~nds~orm 7nsurancs policies on any of said 6uild:ngs, any intere~~ ~he~ein or pa~t ~hereof, in ~he aggregate sum ~foresaid o~ in ~xceu ~hereof, ~Aall contain ~he usual sta~dard monyagee clauie w auch o~her dause as ~M Mortgagee may rcqu~ro, ma?in9 the los~ unde~ sa~d poli- cics, each a~d every, payable to sald MORTGAGEE as its interrst may appear, and each ar~d eve~y •uch pol~cy shatl be prompNy ass gned and deiivered ~o ~ny held by sa~d MORIGAGEE as iur~her security to sa~d mortgage debt, and, not I~ss than ten (10) days in advance of ~he ezp~rafion of each pol~cy, to de- liver fo said MORTGAGEE a renewal Ihereaf, toge~her with a race~pt fa the premium of tuch renewah, and there shalt be ra f~re or windsta~r insuronce p~xed on any of said building~, anY ente~esl therein or part thercof, unless in the form and wifh the ~oss payable as aforesaid; and in the eveM aoy sum t of money becomes payable under such policy u poticies said MORTGAGEE shall have the option to receiva and apply the same on accounf of the ir+debted- nesf secur~ he~eby or fo permif said MORTGAGORS to receive and use if oi any pa~l thereof tor otnc~ purpofes. ~v~tho~t th~.~u~ .vo~+in3 0~ ~n,pair- ing any equity, lirn w right ~nder or by virtue of this mo:tgage; and in ths event fa:d MORiGAGORS shall for any reason fail to keep the said premis.s so insured, w fail to deliver promptly any of 3aid policies of inauronce to said MORTGAGEE, or fail promptty fo pay fu11y any p+e~nium therefor a in a~y re~pect fai! to perlam, d~scharge, execute, effect, complete, canply wilh and ~b~de by this covertaN, w any parl hereoi, said MGRTGAGEE may piace a~.d pay fw such insura~ce or sny parl thereof without waiving or affecting any option, lien, equity, o? right unde? a by virtue of th~s Mortga~e, and the f~Il amount of each and eve?y tu<h paymen~ shall be immediafely due and psyable and shall bear interest from the date thereof until pa~d at the rate o1 n~ne per centum per annum and ~o~ether with such interest shali be secured by tM lien of this mortgsge. 1. To permit, commit o~ suffer no waste, impairment w deterioration of :aid property or any part thereof. " . 5. To pay all and singutsr the costs, charges ~nd expenses, including a reasonable attor~ey's fee and coats of abstracts of tirle, incurred or pa+d af any time by said M08TGAGEE, because or in the event of fhe fa',lure on thr part of the aaid MORTGAGOR to duly, promptly and fully periorm, d~xharge, ~ • t execute, effecl, comple+e, comply with and ab:de by each and every the stipulanons, agreements, conditions, and covenanes of said p~omissory nole and this matgage any or either, and sa~d costs, charges and expenses, esch and every, shal) be immediately due end payable; whethe~ a not there be notice dr mand, attempt to cotlect or suit pending; and the full amount of each and every svch payment shall bear interes~ from ~he date thereof uniil paid at the rare of nine per cenrum per an~~um; ane~ all said costs, charges and expenses incurred o~ paid, togetF~er w~th such interesr, shalt be secured by the leen of thii ~ mortgage. i 6. That (s) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the event any of iaid sums of money he~ein refe~red to be not promptly and fully paid within thirty (30) days next aftr~ Ihe same severally become due and payabie,- withouf demand or notice, f or (c) in the event each and eve~y the stipulations, ag~eemenrs, tondit;ons dnd covenants of sa~d promissory nofe and fh~s mortgage any or ei~her are not i i~ly, promptly and futly performed, d~scharged, exec~ted, eifected, completed, canpl~ed with and abided 5y, then i~ either or any svch event the said ag gregate sum mentioned in said promissory note Ihen remaining unpaid, with interesf accrued, and a!1 moneys setured hereby, shall become due and pay- able forthwith, o~ thereafter, at the option of said MORTGAGEE, as fully and compiNely as i( all of the said avms of mo~ey were originally stipulated ro be paid o~ such day, anything in sa:d promissory note or in this Mortgage to the contrary ~otwithsta~ding; and there~pon ar thereafter at rhe option of said MORTGAGEE, withour notice or demand, svif at law or in equity, therelore or thereafter begun, may be prosetuted as if all moneyt secured hereby had maturtd pn0? t0 its inttitution. 7. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, o~ to fwec(ose it, or to reform it, or to en(orce payment of any ciaims he~eunder, said MORTGAGEf shall appty to the tour? having jurisdiction thereof iw the appointment oi a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and sing~lar, inctud~ng all and s~ngular the income, profAS, issues and revenues from whatever sovrce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if speciiicaily set fwli~ and described in the granting and habendum clauses hereof, and such Receiver shail have afl the broad and effetrive funct~ons and powers in anywise emrusted by a Cou.t to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a rt+atter of absol~te right to said MORTGAGEE, a~d without reference to the edeq~acy w inadrquacy of the value of the property mwtgaged ar to the soivency o~ insolvency of said MORTGAGOR or the defe~~dants, and that such renrs, proFits, income, issves and revenues shall be appiied by such Receiver according to the lien w equity oi said MORiGAGEE and the practice of such Courf. ~ 8. To duty, promptty and ful~y perfo~m, discha.ge, execute, effect, complete, comply wlth and abide by each and every the stipulatio~s, agreements, ~ conditions and covenants ~n sa~d promissor te and this mortgage set tath. ~ 9. That in the event the ownerihip ~he mo~tgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ M.ORTGAGEE, its iuccessors and assigns, may, without notice to the MORTGAOR, deal with such successor or succe:sot in interest with reference to this ~ n~ortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w d~xharging the Nlortgagora' liability herr f under w upon the debt hereby secu~ed. No sate of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successon ' or assigns and no exrens;on o! rhe time for the payment of the deb~ hereby secured given by the MORTGAGEE or its succesaws or ass~gns, shall operate 4 to release, d~scharge, modify ~hange or affect the original Iiab~lity of the MORTGAGOR herei~, either in whole a in part. 10_ It is specifica~ly agreed that time is of the essence of this contrad a~d ~hat no waiver of any obligation hereunder or of the obligaYan st ' cured hereby shall at any time thereafter be held to be a waive~ of the terms hereof or of the instrument setured herby. ~ 11. In add,No~ ro the iorego'ng momh!y paym~nts of princ pal and i~terest required by the prom~ssory no!e secured hereby, morigagor covenants € ar.d agrees to pay to mongag~e with each monfh!y payment an addhiona~ sum est~mated by mwtga9ee to be cqual to 1/ 12 of the annua( cost of the follow- in~: A-AI{ real eroperty tazes lei~ed or assessed agai•ist thc above desai5ed real estate. B-Prem~urns on fire and windsterm insurarce as herein requ~red to be carried o~ the improvements situate on the above described premises. C-Premiums on such rt,ortc~age guaranty ir.s~rar.ce as mortgagee shall from t~me to time deem fit to tarry on the loan setured hereby. Mortgagee shail from tirne to t~me notify mortgagor in writing of the amount due and payablt hereundrr and such surn shall thereupon be due and Fayable on the due date of the next monthly payment and each successive month thereafter ~r.til mortgagee :hall notify mortgagor of a change in such a-:ount. $uch sums sF.ail be applied by mortgagee toward the payment of real property tazes, insurente prem:ums, a~xl mortgage guaranty insurance p•emiums. I V~lTNE VtKHEREOF, t e sa ORTGAGOR has hereunto set his hand and seal the day and ear first afor said. i ated liv in t prexnce of= - ~ ~ . ) Omer D. Mainvi e ~ry ~ cs~.o _ , ~ U (sea~ ~ ~ Claire L. M inville ~~an ~ I STATE OF FLORIDA ~ f COUNTY OF St. Lucie _ i Before me personally appeared ~l11@1' Mainville a~ ; Claire L. Mainville his wife, to mc well known and known to me to be ~ the ind~viduals described in and who exec~ted the fwegoing instrumenf, ar~ ackrwwledgrd be(ore me that they executed the same for the purposes ~ rherein e:preased. And the said Cldlre I+. Mainville : .~~fe of the sa;d ~l[lE D Mainvil 1 P upon a separote and private ` examination by me taken separate and apart from her said husband, atkrawledged tp eF fore me that she executed said instrument freely and volurr ran{y and w:thout any computsio~, constraint, appreh sion, or fear of or from her ~d hus nd. ' i ~ WITNESS my fiand and oificial seal this day o ~ f~ 6. 19 ~ f r ~ ,u G~ i ~ Notary Public in and or the Sta f ffor' at Large t- My Commiuion expires: ~ • L. Retum To: ' . _ ~ First Federa! Savings a toan Associaf;on NOTARY P!lB:tC.= SiAT~ of•~Q$IDA ~1~RE~ . O! For! P~erce. Fort P~erce. Fbr~da MY C0.'.:R!ISSIt~~~ jXF'~JREs~DEC_''29: 19f5~ . _..~o•~ 7~..u G~.~e.aHr:~•~sce unaewriten t - ! . ~ ~ i ~ FILED AND NECOROED ~ This Instrument Prepared By J. H. Roberts , Jr bT. LUCl~ .^,~UMt7 FLA, ~ Y _ First Federal Savings & Loan Association ROCf n?3tiRAS ( of Fort Pierce ~ FZarida RF~~~~ ~rrf=~~~ COURT, Checked By~_ Jy~. 9 2S ~ : ~ AM'T3 2 f n R 59632 Slb ' 8oox~~ ~i~7Q ~ ~ ; _ ~ ~ ~ ~ ~~N~.;> w~ ~ _ _ ~ ~ _