The URL can be used to link to this page

Home My WebLink About0379 To place and continuouily keep on fhe buitdings now a here~fla ?~tuare o~ sa~d ~and and w+ ali equ~pmem snd pe.sonally covered by thi~ mong~ sp~. wi~h •11 prem;uma ~her~ pa~d in lull, f~re insurance in Ihs uiu~i sandsrd po?icy fwm, io a sum apixoved by tM MORiGAGEE, and w~ndstam +'~wronce in 1!» uswl itandud policy fam, In • sum spproved by tM MORTGAGEE, in sucA company o~ companies as tM MORTGAGEE may d'uecl; ~nd aU fire and w~ndstwm in~urance policie~ on any of taid bu~Id~nys, any int~r~st therein w put tixreof, i~ tM a~g.eQa+e sum ~fwts~~d o~ in ~xcea ~hereof. ihatl conta;~ ths v~val standard ma?gagee tl~vae w iuch otha claus~ as ~he N1o.tqsgee may requu~, makinp ~he ios~ unde~ sa~d po1F cies, esch and every, payable to sa~d AtORTGAGEE a it~ interes~ mey epprar, and each ~~d every s~ch policy shall be p.omptly ass yned +nd delivered to sny held by said MORTGAGEE +s (vrther secvrity to said mortgage debf, u+d, not teu tF~a~ ten (10) days in ~dvance of the expirat~or? of e~ch polity, to dt liwr to s~id MpRTGAGEE ~ ~enewal thereof, ~ogsthN wi~h ~ rece~p~ fw the prem~um of such renewal; a~d ~hcre shall be no iire w windsio~m insuru+ct placed oe~ ~ny of isid buildir,gs, sny intereit tMre3n a pa~t thereof, ~~ku in tF~ fwm u~d w~th ~M loss payable as afore~aid; and in the e~ent any wm of mwrey bccpne~ payable ~~de+ such polity w policies said MORTGAGEE shall Mv~ ~M option to receive and apply the same a? xcouN of the indebted- neu tttur~ hereby ot 1o permit said MORTGAGORS to receive a~d ~ss it a eny part fhereof fw othcr purposts, v.i~hout th;r~o~ waivi~~g cr ur,poir- in~ any eqvity, lien or rght unde~ w by virtw ot this mo: rgaqe; snd in the tveM said MORTGAGORS shall fa u~y reasa~ fail to keep ~he said premises so insu~ed, or fail ro tklive~ promptly ~nY of said pol~cies of insurar?ce to sa7d MORTGAGEE, w}ail prompNy to pay fully ~ny premwm therefw a in any respett fail w perform, discharge, execute, ef(etl, complete, camply wi~h ~nd abidt by 1hls cova~ar+~, a any psr~ hereof, said MOR7GAGEE may p~ace ~~~d pay fw such i+uurance w u?y part tF~ereof without waiving a affectinp ~y option. lien. eq~~ry. or ri9ht unde+ a by vi~tw of th;s Mor~9a9e. and thc full amounl oi each and svery wch payment sh~li be immediately dw ~nd p+yable ~~d shall be~r iaterest from ths date Ih~reof unril paid at the rat~ ol ~~ne per tentum pe~ annum and to~ether wirh such interest shall be tecuitd by ihe lien of this mort9age. To permit, commit ar suffe~ no wute, lmp~irment w deterioration of ssid property o? any parl thereof. S. lo pay al) and singulu the costs, charges ~nd expenses, includirg a reasorwble attorney's fee and costs of abstracts of title, incv.red a paid at any time by w7d MORTGAGEE, because or in the event of the failu~e on the pa~t of ~he said MORTGAGOR to duty, prompNy a++d fully perlorm, d~uharga execute, eHcct, compktf, comply w~th and abide by exh and every the stipulalions, sgreements, tonditions, ~r~d oove~snts of sa~d promissory nae and thw mort9y~e anY or e~~her. and said costs, cha.ges and expenses. each and wery, shaN bs imrnediately dw and paysble: wheeher p not ~here be ra~ice dr mand, ~ttemp/ ro colkct or wit penrf~ng: u+d the fvll amount o( each ~nd every such payment shal! bea. interest from t1+e date tFKreof until paid a~ tlx rate oi nine per centum prr annum; and all said costs, charges a~ expenses inturred or paid, together w~th suth intnest, shall b~ setured by the lien of th:a more~age. 6. TMt (a) In the eveM of any breach of this Mbitgage w default on the part of the MORTGAGOR, a(b) Fn tM evcnt sny of s~id swrs of na~ey herein roferred to be not promptly and fully paid within thirfy (30) days nex~ afte~ the same severally becane due snd payable, withou~ demand w no~ice, or in the event cach and eve?y the stipulations, sgrcements, cw~d~tions and covenants of sa~d promissory note and tfi:s mwtgage any or e~ther are no~ iuty, promptty and ivlty perfwmed, d:scharged, executed, eifected, completed, tomplied with and ab~ded Sy, then in either w any such svrm the said ag gregatt wm mentioned in said promissory note then remaining unpaid, with interesl acuued, and a!1 moneys secured hcreby, shall betome due u~d pay- able fwthwith, w thercafter, at the option of said MORiGAGEE, as fu!!y ard completely as if all of the said wms of mw~ey were originally st~pulated ro he pald on such day, a~ything in sa:d promiuory note w in this Mortgage to the contrary noswiths~snd~ng; and thereupo~ or thereafter at the option of said MORTGAGEE, without notrce or d~mand, svit at Isw w in eq~ity, therefwe a thereafter begun, may be p~osecuted u if a!1 moReys secured haeby had matu~ed {x~or to ~ts institution. 7. Thst in the erent that at the•beginning of w at any time pe~ding any wit upon this Mor~gage, a ro fwectose it, or to reform i~, or to e~force payment of any claims hereunder, said MORTGAGEE shall apply to the Co~n having jurisdiction thereof (w the sppointment of ~ Receivn, s~ch Covrt shaN forthwith appoint a receiver of said mortgaged properfy a!1 and singular, intlud,rg atl and singular the incmne, profits, iswes and revenues from whatever source derived, exh and every of wh;ch, it bceng exp~cssly understood, is F+ereby morfgaged u if spec~ficalty se1 futh a~d described in the graming a~+d hakxndum clavses her,Qi~f, a~t-si'ich Receiver shall Fwve ati the Moad and eifectire funct~ons and powe~s in anywiu ent~wted by 1 COU11 10 i RK21Vtf~ and wch sppointmentshall be made by sucfi Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and wi~houl reference to the edequacy w inadequacy of the wlue of the propery mwtgaged or to the savency w insot~ency o( said AAORiGAGOR a the defenda~ts, and that such rents, profits, intome, issues and reventres shal! be applied by such Receivm accwd~ng to the lien or equity of ssid MORTGAGfE u~d fhe prsctice of suth Court. . 8. To duly, prompily and fulty perlorm, discharge, execute, effect, complete, comply wiih and abide by each and every the stiputations, agreemer?ts, cw~ditions and covanants in sa~d prom~ssory note and this mwtgage set fwth. 9. Thar in the event the ownenhip of the mortgaged premises, o~ any part thereof, becomes vested in a person other than the MORTGAGpR, the MORTGAGEE, its successors and assigns, may, withpit notice to the MORiGAOR, deal with such successp u suctessor in inte~est with reference lo thia mortgsge and the debt hereby secured in tht same manner as with Mortgagor without in any way viti~tirx,j w d~xharging the ll6ortyagors' liability hert under a upon the debt hereby secured. No sale of the premix: hereby mortgaged and no fwbearance on the part of the MORTGAGEf or its succeuors or assgns and no extension of the time fw the payment of the debt hereby secvred given by the MORTGAGEE or iK sucCKSOrs or ass~gro, shall ope~ate ro release, d~xharge, mod~fy change w affcct the wiginal liabil~ty of the N40RTCaAGOR herein, either in whole w in part. 10. It is specifically agrced that time is of the euence of this contrad and that ~w waiver of any obligat,on he~eunder w of the obligation se- cured hereby shall at any time thereafter be held ro be a waiver of the terms hcreof or of Ihe ir?strurtx~t secured herby. I1. In add~tio~ to the fo~ego:~g monthly paymants of princ'pal and iMerest tequired by the prom;swry note secured hereby, mortgagor covenants and agrees to pay to mortgagee wirh each monthly payrnent an add~sional sum est~mated by mortgagee to be equai to 1/12 of the annual cost of tlx follow- ing: A-All real prpperty taxes levied w assessed against the above destribed real estate. B-Premi~ms on fire and windstorm insurar.ce as Fierein requ:red to oe carried on the improvemewts situate on fhe above desvibed premises. ~-Premivms on such mortgage gua~anty insuraace as mortgagee shall from t~me to time deem iit to carry on the (oan secured hereby. Mortgagee sfiall from time to time nor~fy mortgagor in writing of the amouM due and payable hereunder and such wm shall thereupon be due and FayaWe on the due date of the rtext month:y payment and each successive month the~eafter ur.tii mwtgagee shaU rwrify monga~w of a change in wch amoum. Such sums sha:! be appl;ed by mo~tgagee toward the paymeM of real property ta:es, insurance prem:ums, and mortgage guaranty insurance premiums. iN iNlTtvfSS WHERfOf, the said MORTGAGOR has hereunto ut his hand and seal the day and ye aforessid. ~ igned, Sealed and delive~ed in the preserKe of: ~ n B rron I. Vernon , s_ IJS'/k0'1~~ (SesQ Chery M. Vernon ~ STATE OF RORIDA ~ St . I.uc ie ~ courm oF Before me personal(y appeared - B~rrOlf I_ Vernon a~ Cheryl M. VgYAOif hw wife, ~o me wcll known ar+d known to me to be rhe individuals described in and who executed the fwegoing instrument, and acknpwledged befue me that they e:ecuted the same for the purposes rherein expressed. And the said Chprytj~(~ ~tnpII rvile of the said - B lZOi1 I Vernon upon a separate and private exam~nation by me taken separate and apa?t from her said busband, atlcrwwkdg~d to and before me that she txetuted said instrurtront iretly artd vol~~ rarily and w~thout any computsion, constrain ~ a~ of or f id husband. , F,.:~1%t.~ WITNESS my hand and official seal d of A ~ t q, ~ i~,~ 73 . • • ~ v ./~•4 Notary Public in for the Sts~ 6ibr~7t tuye My Comm~ssion e:pires: _ : • _ j Rer~m To: _ ~4' • 4 : First Federal Savings a loan Association ~ ~ ~ Of Fo~t P~e~ce. +OTAP•Y PUEIi%. ~ih*c trr,. ~kK ~ : ` . ~ For? Pierce. Florida b+r.+def,,,••• . ^n' ~ ~T~'! G~ ~ ' ~,C+i ` t ~ ~ ,/'~~ri v!.'r••J, ~ F~ Eo AxQ aEC~aoEO ` This Instrument Prepared By Gary R. Ellwoy~~UCIC COUK;Y F~~' ~ First Federal Savings 8 Loan Association ROCEF POITRAS of Fort Pierce , Florida CtERK Ci :CVIT COUR „~~LO~ ' ~,y REC~a~ ~E~'FtEO Checked By lrJ-- ~ 3 3~~ PM ~~3 i ~r~485 sb ~ ~ ' goo!~ 217 =~r: 3 ~ - - ~ } ~ . ~ ~ _ t.~ ~