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Home My WebLink About0834 . ~ To p:xs and co+~r~nuov~iy krep on ~he b+,~:d~~~ga now o~ here+fter s~r~ate on aa~d land and on all equ~pment and peno~ally cove~ed by ~h+s vortg• ~ga, w:th aii prtm:~r.~s rharzco pa.d ~n futl, f~ce inw~~:~ce ~n the u~u.+l sfanda~d pol~cy iorm, in • sum appro+ed by the MORIGAGEE. and w~nd~ro~m :~swance :n the va.,a~ a+a•~~3 po~.cy fam, i~ ~ sum apMoved by the MORiGAGEE, in suth tomp~ny or comp~nits as the MURTGAGEE may drect; and aIt fu~ and ,n,:ndawrm insurance po~~ues on any oi sai~ build~ngs, any interest therein o~ pa~t thereo(, in ~he aggreg~~e ium aioresa~d w in eacess thereof, sAaQ ~on?e:n i?+e uwat standa~d mortgegee dause a fuch other davse ai the Mo~tyagee may requ~n, makiny the lois under ia~d polt ues, eacl+ and sve*Y, oa~ab!e a u~d +?tORtGAGEE as ~ts inreres~ may appea~, and each and e~ery •uch poi~cy ?halt be prompUy ass gned and dali•rered ~o any IKId by sa~d NWQtGAGFE as fur~her aec~~ity ~o sa7d mwtgage debt, and, not less ~han ~en (10I days in advance of fM expirat~on ol each pollcy, ro de- t~vp to sa~d JNOitiGAGEE a renew~l thereof, together w~th a receipt fw the premium of such renewal; and the~e shall be no f~~e o~ w~ndstorm insurance placed on x+~ af sa,d bu~l~ngs, any inter~st therein w par~ thereof, unlesa in ~he form and wi~h the ~ou payable as aforesaid; and in the event any sum of inerxy becor.~es payab~c undrr seth policy a pofues w~d MORTGAGEE shjll have ~he opt~on to reteive and apply the same on accoun~ ot ~he i~dabted- ness secwed hne0y a ro permit sa;d MORTGAGORS ro receive and use i~ w any part thereof for oti.cr purposes, ~v~iFwu1 ih,~.u~ wa~+~~~~ o~ ~~~~p~~~- ~+g arryr eqv;y, I.~en or r:ght under w by virtve of th;s mo-tgage; and in the evem ia~d MORTGAGORS shall for any reason fail to keep the said p~em~sas so aswred~ or fai) W de:~•er p~omptty ~ny of said pol~cies of i~su~ance to uid MORTGAGEE, or fail promptly to pay f~lly any p~e+mum therefor or in anY respea iail q pafwm, d~xha~ge, execu~e, effect, complNe, comply wi?h ani! abide by this cove~ant, w any par~ hereof, said MORTGAGEE may place a~~d na,. fn sud~ :nLrrnce a anr wrt thereof w~th0ut waiving w affecting any opt~on, lien, eqvity, or right under w by virtue of this Mortgage, and the • fe;tt an,o~,m o! sach ;v~ry wch paYn+ent shall be immediately due and payaD~e ana shau oear mTerea~ i~w~~ ~:w .:oce c2K~~~: Y-::: - ~*,r,e per cee~•,,m per ~m a.nd +o~ether with such interesr shali be secu.rd by the lie~ of thii mortgage. L To perm:?, oommit a wffer no waate, impairment o? deterioration of said property o~ any part tF?ereof. S. To par ati and sing~~u ti~e co~ts, chargea and expensa, lnduding a reasonable anwneyb fee and cost• of abstrocts of ~itle, inwrred or paid at ~r.y tirr~ by sa,d MCRfGAGEE, becauu or in the evenl of the failure on the part of the said MORTGAGOR to d~ly, promptly and fu~~y perform, d~scharge. a.rcurs, effect, comp:cre, cwnplY v+~rh and ab:de by each and every ~he stipulaf~on~, agreements, conditions, and covenants of said promissory note and thii Tor~gage any or e~rher, and w:d cosn, charges and eapenses, cach and every, shall be immed~ately due and payable; whether w not there be notrce de~ „~dr~, anempt w co:;cct o~ w;t pend~ng; and the full amount of each and every such payment shatl bear interest from ~he date thereof until paid at the •e~r o~ nEne oer cen:.,m ~r an~~ir; arw~ all said costs, charges and expenses ~rxuired w paid, topether wilh such interest, shall be setured by the lien of thif rrect9+~e• _ - 6~ That (s) ie+ tfie ere*+t of ar?y bresch of this Mwtgage w dehvU on the part of tt~e MORTGAGOR, or ;b) in the event any of sa~d sums of money ~erein referred to be no~ pron+ptiy and f~lly paid within Ih~rty l30) days nex~ aiter ~he same severatly becane due and payable, without demand o~ notice, e~ td event each and ewry tlx stipu;arions, agreements, condnions and covenants of sa~d p~omiswry note and th~s mortgage any or either are not +~,:y, prornprtr and f~:~y pe.formed, d:uha~ged, executed, effected, completed, compl:ed w~ih and abided 5y, then in e~~her or a~y such event Ihe sa~d ag- 3-r~att sum mentwned in sa~d prom~ss~ry rwte then remaining unpaid, with interesl accrued, and all moneys secured hereby, shall become due and pay aa a ior*1~wr;tfi, a rlxreafte., at the opt~on of aaid MORTGAGEE, as ~ully and compietely as i6 all of the wid sums of money were or~ginally st~putated ro 5e pa=d en yuch d3y, anyth~ng in sa:d prom~uory nete or in this Mwtgage to the comrary notwi?hsranding; and thereupon or therea~ter at the op~~o~ of c~.d NARTG4GEE, ~w::taut rwr~ce w demand, su~! at law o? io equity, therefwe o? thereafter begun, may be prosecuted as if all moneys secured hereby _~±A2flK~ LY~! tQ .~3 irut.ty!~p1_ 7_ That in the erent ~hat at the beginn~ng of or at any time pending any suit upon lhis Mortgage, ot to fweclose it, o~ to reform it, or to enforce ~a~~t of srry da:ms he~e~adrr, said MORTGAGEE :hall apply to tF~ Cou~t having jurisd~ction thereof for the appointment of a Recerve~, such Courf shail iu~hrv~rA appo:nt a fKtivH of sa~d moctgaged property ail and singulai, includ,ng all and singutar ~he income, prof~ts, iss~es ar.d revenuea from whatever s=,•ce derrved. eecfi ud every of wh[ch, it be:rig expressly understood, is hereby mongaged as if speciiically set fwth and described i~ the granting a~d ~~:.e~nd~nn c'r.,ses heraof, ard such Rcceiver shall have a11 tMe b~oad and etfective funct~ons and powe~s in a~ywise entrusted by a Cou~t to a Receiver, and s_c~: a~poenrmem shatl bt made by sut~s Court as an admitted equity and a matte~ of absotute right to said MORTGAGEE, and wiihout reierence ~o ~ha a.~.,~c~ w i.~adequxy of tise va~ue of the p~operty mortgagcd or to the so:ve~cy o~ insolvency of said MORTGAGOR w the defendants, and that such •e-•r-preiws,-:we ~such R~P~~P• actQtd~uQ_L4Jh ~ten a e9uity of said MORTGAGEE and the practice of such Co:~rt. 8. To d~`.y, p~omp~,y and ful~y pe~form, d~schaige, execute, effect, complete, comply w~?h and abide by each and every the stipulations, agreements, ::,rdtions and cavenanrs ~n sa~d promiuory note and this mortgage set forth. 9_ T}-at in tFx event the ovrnership of the mortgaged prem~ses, or any part thereof, becomes vested in a perwn other fhan IM MORTGAGO~, the 6• ~RTGAGf~, ±n uecceuors ar.d ass~gns, may, without not~ce to the MORTGAOR, deat w~th such successw or successor +n interest wirh referente to this -c•~gage ud :++e d-bt hereby secwed in the same manner as with Morlgagor without in any way vit~ating or d~scharging the Mortgagors' liability here _-~er er upon tne dett hereby s?cu~ed. No sa~e of the premises hereby mortgaged end no forbearance oo the part oi the MORTGAGEE or its successors c• assi~-is ard ++o exrens;on of she time for the payment of the debt hereby secured g~~en by the fAORTGAGEE or its successws or aas~gns, shall operate ro rc%ax, dxha:qe, mod~fy chs~ge or affect the original lianitity of the MORiGAGOR herein, eiiher in whole ot in pari. 10. It is spec~ftca:e/ agreed rhat time is of tbe esse~ce of this contract and that no waiver of any obiigation hereunder or of the obligation se- ~_•_d hereby s.?ref. as am~ time rhzreafter be he:d to be a waiver of the te:ms hereof or of the i~strumem :ecured herby. ! 1. !n ar.id r:crc ro rhe fwege ~y mor.rh!y paymenss oi p~ir.c pai and in!erest required by Ihe promissory no!e secured hereby, morigagor tovenanis ~r.~ to ~,ay to .:.o'rgayee ~nitfi each month~y payr.ient sn add~nonai sum est~mated by mortgagee to be eq~al to 1/12 of the annuat cost of the follotiv- A-A;t reat pCGy2K'J t3~?S lev~^_~ or assessed agai•~st thc above describro real estate. B-Frrr. ::rns on f:re and w~r.dsrorm ~nsurar.ce as here~n requ:red to be carried on the inprovements s~wate on the above described premises. C-Prrrr~.;r.s o~ s~ch m.J.r_age quaranty ~r.sura~:ce as mo~tgagee shall from t:me to time deem fit ro carry on the loan secured hereby. M.ort~~gee s^a? .`•cm r.-,e to TL:,e nonfy mortgager m wrinng of the amoum due and payable hereundrr and such sum shall thereupon be due and _ n,ab~e a. :he d~e aar- of rhe next moath:y payment and each successive month thereafter urtil mortgagee shat! r:otify mo+tgagor of a change in such _-~.:++r_ Such s~TS s~a.~ tie a;:;. ~rd by mortgagee toward the paymem of real property taxes, insurence p~em;ums, and mortgage guaranty insurance i _ c"-.wrs- !:V YIITttEaS :.N_R'cOF, rhe said MORTGAGOR has hereunto set his hand and seal the day and f' oresaid. ~ Scated a..d de~ivered in the presence of: ~ ap ~ ~ ' ' (Seaq ~ - l 9 1 % (Sea~ ~ • (SeaQ ~ :'~?E Of FLORI~A 1 ~ ._~,,m ~ St. Lucie ; u~ ~ ~f«~ „rc pcna„fty ,ppea,ed Philip D. Shelnut a~a ~ Sharr~n I~ S, ol m~t his wife, to me well known and known tp me to be +r,e s~d;,r;dw:s descr+bed ~n u+d wha e:ecuted r foregoing nstru t, and acknowledged before me that they executed the same for the' .purposes ~ ~ ~ S~haron f.. `~ielnut ~ „r~ o{ Philip D. Shelnut upon s separate s~d pr'nstt ~ e.n-n:nat:on by me ta4en sepa~ate and apart from her said husband, stknowkdged to and before me that she executed said instru~t }AlYy~~d volurr ~ and w~rnwt ~rryr c«r.p~,~s~an, constra~nt, apprehens~on, or fear of or from her said husban¢! ` : ~ ~i~~ ~ _-_YY1T.YfSS m~ hacd end_afficiat seal th"• day. of---- , ~ ~ f ~ ...~~.4~,~'`s yj otary Public in and for tlx Stat! of tbr' ~t rys. ; ' My Commission eapires: _ ~ ~ ~ ± ~ ~ ~ Retwn To- - . tJ _ • ~ F~.sr fedual Sa,r~s~ga a toan Assoctar;on ~ ,G ~ e= Qf Fert Perce. •'~•``~4` ~ ~ '.xM„ iOrt ~'!...:C. f!Of~~G~d ~ ~ T~•Y ) ' ~ f:!~TA~Y P~1i IIC. 31 lA~~i~- . ~ E; t l,(}t:':~S~tG.•`.1.- , ..;.+r? I~iN, ~ By i+Ir'~erKan ba~,nEts 1tt5U itlf~ ~ This Instrument Prep~red By RiChB~Cd K. KdyeS ~ First Federal Savings & loan Association ~ 262935 ~ of Fort Pierce , Flozidc~ ~OppEO ~ F1~EQ~IE COUMIY FIA. l~ ~-~„-.'-5 Chedced 8y ~ ST. a~C£R p ~1j COURT 0 R ~La~ v~~ F~Eo ~ ~Q~~ 2i8 P~ 833 RE~° 52 eN'13 ~ . ~51 ~ ~ ~ . - r _ . _ ~ _ - . _ x . ~ _