The URL can be used to link to this page

Home My WebLink About2177 3. To p~ace and continuo~sly keep on the bui!d~ng~ now w hereaiter ~i~uate on sa~d land and on atl tquip~nenf anll pCrsOnally coveicd Vy this mpfg. sge, with all premivms ~hzrcon pa~d irt fuit, (ire inswance in ~Ae usual standard policy form, in a sum ap~xoved by rhe MORiGAGEE, and windsto~rn ~nsura~c~ in ~M usual s~andard poGcy fwm, in a wm approved by the MORTGAGEE, in such company a~ companies as the MORiGAGEE may direct; ~nd all fire •nd w~nd~torm insurance poficies on any of said bvitd~ngi, any in?erost fhsrein or part thereof, in tM agqregate ~um ~tpetaid w in excess lbercof, ~hall co~tain the usual standard mortgogee tlause or ~uth other clause as the Mwlgagee m~y requ~rs, making Ihe loss under ~a~d po1F c~es, each and eve~y, payable to said MORTGAGEE as ~ts ;nterest may ~ppear, a'nd eath and every such poticy sha~l be promptty ass g~ed and delivered to any hetd by sa~d MOR1GAGfE as (unher security ~o said mortga9e debt, and, not leu than fen (10) days in edva~xe of the expiia~ion of each pol~cy, lo de- ~ Gva to said MORTGAGEE a renewal thereof, iope~her with a rece~p~ fw Ihe p~emium of s~ch renewat; and there shall be no f~re or windsrorm insurance plsced on any o1 said build~ngs, any interest therein or parf ~hereof, unless in the form and with the loss payable as sforesaid; +nd in the event any ium ~ of mw~ey becomes payable unde~ such policy or pol~cies iaid MORTGAGEE shall hava the op~~on to receive and appty the un.e on accounf oi the indebted- neu ucured Fkreby or ro permil sa~d MORTGAGORS to ~eceive and use it a any part thereof fo~ other purposes, v.;thout ~h.nui waivin3 or ~~npair ing any equ~ry, lien a rtghl under or by vir~us o1 thia mo::gage; and in the event sa~d MORTGAGORS shall fa any reason tail to keep the said ptemisrf so insured, w fail to deliver promp~ly any of said pol~cies of insu~ance to sa~d MORTGAGEE, w fail promptly to pay fvliy any pre~nium therefw w in any respect fail fo perfwm, discharge, execute, eF(tcl, canplete, comply with and ab~de by th~i cove~anr, w any part hereof, sa~d MORTGAGEE may piace and pay for such i~wrarxe or any part thereof without waivin~ p sffecting any oplion, litn, equity, or righl undrr or by virtue of ~hit Mo+tgafle, and the t~ll amounl of each and every such payment shall be immediately due and payable and shall brar intc~ett lrom fhs dats tnercoi until paid at the rate ol ' n~ne per centum per annum and to~rther with such i~terest shall Fx secured by the lien of lhis mwtgage. , 1. To permit, mmmit or sufitr no waste, impairment a deterioration of said property w any part thereof. ~ 5. To pay atl and singulsr the cwts, charges and expensea, includ~ng a reaaonable snorney i fee and cosrs of abs~ractf of title, incurred or paid at any time by said MORTGAGfE, because or in the cve~t o( the fa~lure on the pan of the sa7d MORTGAGOR 1o duly, prompNy and fully perform, d~ul,args, >xecuts, effet~, complete, comply w~th and ab:de by each ar.d eve?y the st~pula+~ons, sgreements, co~ditiona, and covenants of taid p~omissory note aRd th;~ mortgsge any w e~ther, and sa~d costs, charges and expr+nses, each srsd every, shall be fm+~vd"ueely due and payable; whether or not fhere be nor~ce de~ . mand, attempt to tollect or suit pend~ng; and ?}~e ful) amounl of each and every svch paymenl shatl besr interest from the date thereof until paid af the r.~re of nine }xr centum per annum; and al! aaid costs, charges and expenses incurred or paid, together wnh such intereat, shall bs secured by tfx lien of fhis mortgage. ~ 6. That (s) i~ the event of any breach of this Mortgage or default on ~hz part of the MORTGAGOR, w(b) in the event ~ny of sa~d sums of money herein referred to be not promptly and fully paid within thiety (30) days nexf after the same severally become due and payable, without demand or nofice, or (c) in the evem each and every the stipuiations, agreements, cond~tia~s and covenants of sa:d prom;sso~y note and th~s mortgage any a e~~her are nol iuly, promptly and fully performed, d;scoarged, execured, effected, completed, compi~ed w~~h and abided 5y. then in ei~her or any such eveM the said ag i gregste sum menrioned in said prom~isory note then reme~ning unpaid, with interesf accrued, and all moneys securtd hereby, shall betome due snd pay- able fo~thwith, w thereafrer, at the oprion of said MORTGAGEE, ss fully and compleiely as ii all of the sa~d sums of money were originelly sripu;ated to be pa~d oo such day, anything in sa:d prom;ssay oote o~ in this Mortgage to the connary notwithstanding; and the~eupon w thereafter at the option of s~~d MORTGAGEE, without not;ce w demand, suit at I.;w or in equrty, eherefo~e or thereafter begun, may be prosecuted as if all moneys secured Aereby r.ad matured pt~or to its inititut~on. 7. That in the evenl that at the beginning of oc at any time pending any suit upon th~s Mortgac~e, or to foreclose it, w 1o reform it, or to enforce payment o! any claims hereunder, said MORTGAGFE shetl appty to the Court having jurisd~ction lheieot for the appointment of a Receive~, such Court shall Fo; ~hwith appoint a rece~ver of said mortgaged propeny alt and singular, includ~ag all and singular the income, profits, issues and revenues from whatever s~~rce deriveti, each and every of wh~ch, it being expressly unders~ood, is here~y mortgaged as if speuficatiy ~i forth and dexribed in the g.anting and habendum clauses hereof, artd such Receiver shal! have all ~he broad and effective funct,ons and pootera in anywise entrusted by a Court to a keteiver, a~d s..ch appointmens ahall be made by such Court as an ad~nitied equity and a matter of absolute rigAt to said MORTGAGEE, and witFwu~ reference to ~he adequacy w inadequacy of Ine vaive of the property mortgaged or to the so.ver~cy o~ ~nsolvency of sa~d MORiGAGOR w the defenda~ts, and ~hat such re~rs, profits, income, issues and re~enues shall be appl~ed by such Reteiver accord~ng to the iien pr equity ot said MORiGAGEE and the practice of such Court. 8. To d~ly, prort~ptly and fulfy perform, discharge, execute, zffect, compiete, comply with and abide by each and every the stipulations, agreements, cond'rtions snd covenenrs in said promissory note and this mortgage set fa~h. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the h10RTGAGEE, its successora and assigos, may, without notice to the MORTGAOR, deal with soch successor or s~ccessor in interest w~th reference fo this ;noregage and rhe debl heieby secured in the same manner as w~th Mortgagor without in any way vitiating or d~xharging the Mortgagors' liability here- under or upon the debt hereby securecl. No sale of the premises hereby mortgaged and no forbearance on the part oi the IdORTGAGEE or its successors or ass~gns and no extension of the time for the paymenf of the debn c~reby secured given by the MORTGAGEE or its succeasors o+ auigns, aiwt) operate ro re~ease, d~scha:ge, modify change o~ affect the originat liab~l~ty of the MORTGAGOR herein, either in whole or io parl. 10. It is spec~fically agreed that time is of the essence of this conlraU and thaf no wsiver of any obl~gat~on hereunder w of the obligaYan se- cured hereby ahall at any time thereafter be held to be a waiver of the terms hereof or of the inslrumenl secured herby. f 1. (n add tio~ to the fwego'ng month~y payments o~ prin~'pat and inrerest required by the prom~ssory note secured hereby, mortgagar covenanfs a~d agrees to pay to mo:tgagee with each monihiy payrneN an add~r;onal svm es~~mated by mortgagee ro be equai to 1; 12 of the annual cost of the follow- ~n3: A-All real property taxas levied or assened ayai•,st thc above described rea! estate. 8-Arem7ums on f~re and w;ndstorm insurar,~e as nerei~ ~equ~red to be carried o~ the ~mproveme~ts situate on the above described premises. C-Premiums on such mortgage gua~anty irsvrar,ce as mortgagee shal~ fro~r. t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha+l f~om time to time notify mortqagor in writing of the amount due and payable hereunde~ and such sum shalt ihereupon be due and cayable on the due date of the next monfhly payment and each succassive month thereaft_r ur,til mortgagee shall notify mortgaqor of a thange in such e^~oum_ Such wms sha~I be app!ied by mortgagee toward the paymem of reaf property taaes, insurance prem:ums, a~~d mortgage guaranty insurance Fuemiums. IN Y/ITNfSS L'JHERc'OF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. _ Signed, Sea{ed and deliver ~n thRpresr.xe of: _ ' n ~i ~ G t - ~ 4~ ~ ~an , ~ - (Sea1) ' ~ ~ Seal) j S~ATE OF fIORIDA ~ ~ :oun,rr oF St. Lucie ~ ~ ' Befwe me penonally appeared [:~_t..3,TE. $inoS and f V irginia S. S ine s his wite, to me well known and known to me to be i tne individuais destribed in and who executed the foregoing instrument, and xtenowledged befae me that they executed the same fa the purposes ; therein expressed. And the said Virginia 5• $j.fli2S ! fe of tFie said Ga rrv g S~J1B5 upon s separafe and private ` eKam~nat~o~ by me taken separate and apart from he~ said husband, atknowledged to and before me that she executed saict instrument freeiy snd volun- • ra~ily and without any compulsan, constraint, apprehe nf ~-.feer of F~er said husband. ` ' i WITNESS my hand and ofFiual seal this I~sy of ~ ~,:A. D ~i9~~ $ / _ ~ ; Notary Public Fn and i t State' ~bi~ l{.ary~; ~ ~ /My Commission expires: ' ~ ` - ` Retur~ To: " p,~pTARy qj$:T~.~T1{*E ot FLqWDA atl~it~-: ` Firsf federal Savings 6 loan Aswciation i MY COR"dfQSICT~~•EXPIZES DEC. 2~ flf Fcr? P~erce. bondrd Th:~ Gt•wl~ai•y,s_.a-ic,. ~3~•~;~ Fo~t Pierce, flo~~da - - ~t~.• _ . . f , T ~ . • ~ ' FILED ~l1D ~ECQB~LQ • 1 q~~ This tnstrument Pre ared B J• H. Robezts~ Jr. ST.IUCIE COUNTY L~, P Y ROCf a POITRAE First Federal Savings 8 Loan Association CLfRK C'~i.UiT COIlA1 ' of Fort Pierce , Fiorida RfCOFD YEF+F:Eb ~ Checked By °.1~~ ~ g j,` IN7 8o~K216 P~2i78 ~s3s f ~ ~ ~ _ - - ~ . _ ~ ~ : FG . ~ . . XSar`~~