The URL can be used to link to this page

Home My WebLink About1631 . j 3. To plact and con~inuously keep on the b~~~d:ngs ~ow or hareaft~r i~twte on sa~d land ~nd on all equ~p~.un~ ~nd pc.sonally cove~ed by th~s mo~~g with all ptemiumf Ihereon pa~d in iull, f~re inwranca ~n 1M uwal s~anda~d policy torm, in ~ sum approvtd by the MOR(GAGEE, and w~~dstam ~mur~nc~ in the ~swl ~undard pol~cy (am, in •~um ~pprov~d by ~he N10RiGAGEE, i~+ such company or canp+iues a~I+~ MORTGAGEE may dirK/t ~nd ali fir~ and w~ndiiorm i~surance {10IKNf on any o( u~d bui~d~ny~, any i~terest ~fiers~n or part thercoi, in the +~ygregate tum afpeuid ot In ~xcess thereof, shall c~+tain tl+s uswi uandard mor~gagee dause w iucfi aM~ cla~ss as tM Mortqages may rcqu~re, making rhe lou ur+de~ sa~d pol~ ciN, esch and ~vs~y, payable ro said A10RTGAGEE ai ~~s int~res~ may apQear, and each and e~ery tuch posKy sh~ll ~e prarptly ass gncd a~d de~ivered ~o ~ny held by ssid MORiGAGEE ai turther security to aaid mor~yage debt. ~nd, not less tMn ten (10) days in +dvance of ~he expira~ion of each polKy, ~o da I;~~r eo said MORiGAGEE a renewal thereo(, ~oge~her wifh a receapt fa the premiwn oi such .e~ewal; and ~here ihall be no f~re o. windswrm i~w~ance pl~t~d on any oF saW buildir~qs, any interest therein or p+r~ tFKreof, unless in tM form ~nd with IF+~ loas payable ss afo~euid; and in tM event any sum of mon~y becomes payable under such policy a po:~cies s+~d MORTGAGEE shall have the opt~on to receivs and apply the sa~*+e on account ot the ir~ebted neu secwed Mreby o? ro pcrmit sa~d MORTGAGORS ~o recerve a~ us~ H a any put ~t~ercof fa o~ner purposrs. wnhouf ~!~_r~u~ wa~.~n~ o. ~~~~poir- iny any equity, lien w righl under w by v'utus of this mor:gage; ~nd i~ ths event sa~d MORTGAGORS shafl Ia any reason fail to keep ?he uid premises so insu~ed, w fail to drliver promptly sny of uid poiicies of inwr+nce to ssid MORTGAGEE, or fait promptly to pay fuiiy any pre~n~~m therefw or in a~y respecl fail to perfam, discharge, execure, e(fect, complete, comply with and abide by this cove~snt, a ~~y pd~1 hs~eof, sa~d MORTGAGEE may plxe and paY fa such iniurancs w sny part thereof without w~ivinp or ~ffectinp ~ny option, lien. eqvity. a rght unde~ w by virtw of this Mortgage, and the full amount of each and every such payment shall be invnediately dcre u+d p~yable and shall bear intmest from tM date thereof un~il paid at the rate o1 nine per centum per annum and togrther with such intevest shall be secwed by tht lien of this matp~ge. 1, To permit, cornmit ot ~utfer ~o wasfs, impauT.ent a detaiorafan oi said property a any put thcreof. S. To pay all a~d ~inpula~ the costs, clur9es and expenses, including a reasonsbk sttwney i fae u~d costs of abstracts of title, incurred w paid at any time by wid MORTGAGEE, becavse or in the event of the i~~lure on the part of ~he ssid MORiGAGOR ~a duly, promptly and fv~ly perfam, d~xharg4 execute, effect, complere, comply w~~h and ab:de by each and every the st~pulat~ons, sgreements, condi~ions, and oovenants of sa~d promissory note and thi~ mortgaye any w ei~her, and sa~d costs, charges and expenses, each snd evcry. =!~4! be immediately due a~d payable: wherher o~ not there be no~Ke de mand, attempt to collect w suit pend~ng; and the fuil amount of each and e+~ery such payrtKM shall bear inrerest from the date the~eot until paid ~t the ~ate of nine per cemum per an~~um; and all said tosts, charges and e:penses incurrr:'. ~;~id, together w:th suth intcrest, shall be secured by the lien oI this .-..•!page, b. TMt in the eve~t of any breach of this Mwtgsge a defwlt on the part of the JNORTGAGOR, o~ (b) in tF~e event any of satd sums of money hereln refened to be not promptlp end fvlly paid wethi~ 1h:~ty (30) days +~e~t atter the same xvuatly become due and payable. without demand or notice, or (c~ in the event cach and every the sripulatiw~s, agr«.w~nrs. oond:~ioro and cora?ints of sa.d promiuorY note at~d. ttua mortpape any a ei~her are ~a ~uly, promptly and fully perfamed, d~xharged, eaecuted, efFected, completed, compl~ed w~th and ab~ded yy, then i~ e;ther or any such event the sa~d sg gregate sum me~tioned in said ptomissory note then remaining unpaid, wirh interest accrucd, and a11 moneys setured hereby, shall become due and payr able fathwith, or thereaifer, at the option of said MORTGAGEE, as fully and compk~ely as if aIl of ~he said s~ms of money were orginatly st+puiefed to be paid on such day, anything in sa+d p~omissory note or i~ this Moregage to the con~rary notwi~hs~and~ng; and thereupon a thcrealte~ at the op~~on of sn~d MORTGAGEE, without notrce or demand, s~tit at law a:n eq~ity, thercfore or ther~afrer begun, may be prosecuted u if all moneyt secured hereby had matuted prror to ~ts institution. 7. That in the event that at the beginning of or st any time pendirg any w~t upon this Mortgage, w to fweclau it, w to refam it, or to enforce payment of any cla~ms he.eunder, said MORTGAGEE shatl apply to the Covrf hsv~ng ju~~sd:aion thereo4 fa the eppo:ntment of i Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all aod singular, indud~ng atl and s~ngular the incwne, prof~ta, issues and ~evenucs from whatever :ource derived, each snd evcry of whKh, it be~ng exprculy understood, is he.eby mor~gaged as ~f spec;ficaliy set fwth and dcxribed in the granting and habendum clauses he~eof, and wch Receiver shatl Mve a!I the broad and effect~ve funct~ons and powers in anyw~se entrusted by a Covrt to a Receiver, and such appointme~t shalt be made by such Couri as an admitted equity and a matrer of nbsoiute r:gfif to said MORTGAGEE, and w~thout reference to the adequacy a inadequacy of the vslue of the properry mwtgaged or to the w~ve~cy or ~~sotvency of said MORTGAGOR p the defendann, and that such renrs, profiq, income, iuues and revenues shall be applied by such Rete~ver accordmg to the lien or equ~ty of said MORTGAGEE a~d the prauice of such Courf. - ' 8. To duly, promprly and fu11y periorm, discharge, e:ecute, effect, complete, comply wlth and abide by each and evcry the st;pulations, agreements, conditionf and covena~ts ~n sa~d promissory note and this mortgage sN fwth. 9. That in the event the ownership of the mortgaged prem;ses, or any pa?t thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, iri succeuors and augns, may, wi?hout notice to Ihe MORTGAOR, deal wirh svch successor a successor in interest wi~h refcrence to this mortgage and the debt hereby secured in the same manner as with Mortgagor without i~ any way vit~ating w d:xhargi~g 1F~e Martgagors' lisbility herr under or upon the deb~ hereby secured. No sale of the Frem~ses hereby mortgaged and no forbearance on the pan of the MORTGAGEE or its successws or assgns and no extension o1 the time for 1he paymenf of the debt hereby secu~ed given by the MOitTGAGEE or its successus ot ass~gns, ahal~ operate ro release, dixharge, modify thange w affect the orig~nal liab:i:ty of the MORTGAGOR hereio, either in whde or in put. 10_ It is spetifically agreed that time is of the essence of this conrrap and that no waiver of a~y obl:garion hereunder u oF ihe oW"~gatwn st cured hereby shaH at any time thereafter be held to be s waiver of the lcrms hereoi a of the instrument secured herby. I1. In arld:tio~ to the forego:ru~ monthly payments of princ pal snd ~~terest requirec.' by thr prom~swry rw'e secu~ed hereby, mortgagar covenants and agrees to pay to mortgagee with eath mauhly payment an add~~wnal sum est~mated by mor~gagee to be equal to 1 j 12 of the annual cost of the follow- ~~g; . A-All reai property taxrs levied w assessed aga~sst the above desc~ibed real estate. B-Premiums o~ fire and windstorm insurar.ce as herein ~equ:red to bt carried on the im~oveme~ts s~tuate on the above described prem:s~. ~ C-Premiums on such mortgage guaranty insurar:ce as morrgagee shail fre:n r rrK to fime deem fit to carry on tFu loan secured hereby. INortgagee shall from time to tirtx notify mortgagor in writ~rg of the amovnt due and payable hereundet and such sum shall thereupon be due and i ~ ayable on the due date of tbe rteat month:y payment and each s~.cessive menth thereafter ur,tit mwtgagee shal! notify mortgagw of a change in such a~-,ount_ Such sums sF.all be applied by mortgagee ta+~ard the payment of real property taxes, insurance pre+n:ums, a~~d nwtgage guaranh~ insurance ~ premiums. - - - - - - - j IN -WITNE55 WHEREOf, the said MORTGAGOR has hercunfo set his hand arrJ seal the day and year first afo~esa~ ~ Signed, Seat and delive?ed io the prescnce of: c~~ ~ ? (/.piee. lSean ~ t~~itness Vece Cahoon. a single adulr~.,q ~ ~o~s rNo Q ~ W ' ~SesO a Es'/f~ DAKS STATE OF Mic hiqa ~v~, y~,~. _ _ ~ couNn oF Befwe me personally appeared Vece Cahoon, a single adult , ~ Ti;i iwiZw to me well known and known b me to be the individua! desuibed in snd who executed the foregoirg instrument, and ackrawtedged before me that he executed the sarn~ for the purposes ~ rhereio expressed. 6qdJl~iaid~ ~ .r:f~oLtir~aid ~ ~nd~prhars- ~ ~saw~atww.~w?1~kaw.s~N~+ni~art.iroRrbe~~sid-In~~~ciewwfed~ed-ie~nci~be~o~e~+rn~tl+a~sl+e-execsteJ~s~id ~ and'~de~r~ i Satil?r~a~~vilhouiJaY~t~W+4io4~nst~ain4~PP~~~ - ir-0i~-iqw~I~trMiliiwsrani v ~ WITNESS my hand and official seal this dsy of 5@ te ~ ' , ' ~9 73 _ - _ _ tary Public in and for the StSti~jf. ~t rqe. - My Cort~miuion e:p'ues: \ Return To: . ' ; r` : - ~ Fint Federal Savings 3 loan Associat~on 3 s~' " Of Fo~t P~erce. ALLEN G. ~1E~ ~ YH . ~ ' . , - ~ ~i Fort Pierte, florida Notary Public, Wayi~ C~unt}/~ •~j',C~1. ~ ~ I~y Cc;,~~~ission fxr:r~s Se~t 7. 191~~ ~ ~ ~ z~ ~ This Instrument Prepared By Gary R. Bllwood f~~~~p E CpUNTYAF~A. First Federal Savings 8 Loan Association RBCE~ a)~TRAS ~ of Fort Pierce ~ Florida C~EaK G~ :~ui3 COURT ~ eer~eR vEN~=1E~ ~ Ctiecked By 9 49 AM ~73b ~ OR ~ aooK218 PACE1630 . ~s3~9~ _ _ ~ - _ - - - S.~A ~ - _ ~ _ ~u__ _ ~ ~ _