The URL can be used to link to this page

Home My WebLink About1568 J. To plet~ and continuously keep on Ihe bui:d~ngs now o~ hereafter situate on sa~d I~nd and on a!! equ;p,nent and personslly tovered by lhif morlg- sgs, w~th all premiumf thereon pa~d i~ full, fire insursnce ;n ~he usual s?anda~d policy form, in s sum app~oved by the MORTGAGEE, and windsro~m ~n~u~~nct in the uiwl sTandard pol~cy ium, in • sum approved by the MORTGAGEE, in tuch company o~ compa~ies as rhe MORIGAGEE may direcl; a~?d NI fin and windstorm insurorKe pol'eues on any of said buildinps, any int~resl therein or pa~t lhereof, in ?M sygrega~e sum afwesaid w in ~zceu thereot, ihall contain 1i+e usual standa~d mortqigas clause or such o~her claus~ ~s IM Mw~yagee m~y requ~:e, ma~inp the loas unda sa~d poti~ cies, each and every, payab~~ to sa~d MORTGAGEE as its interes~ may epptar, and each a~d eve?y iuch policy shatl bs promptly au.gned and de~ivered ~o any held by uid MORIGAGEE ~i furthsr security to said mortgage debt, and, not less tha~ te~ (10) dsys in edvsnce of the expiration of each policy, to dr livsr to said MORTGAGEE a renewal thereof, loge~hx with a receipl fw the premium of such renewal; ~nd tl~ere shall be no f~~e or wind~toim inswancs plaad on any of said buildinp~, any intc~es? thers;n or p+rt theroof, unkss in ~I,~ iorm ~nd w~~h tM lou payable as aforesaid; and in ?he eveM any sum of monQy b~cprr~ey payable under such policy o~ polKies uid MORTGAGEE ~hall have tF~e oplion to receive and apply the ssme on accouM of the indebred- neas secured hareby a to pe+m~t said MORTGAGORS to reee7ve and ust it oi any part ~hereof fw other purposes, ~r~thout th~~eb~ wai~i~v~ or ~~~~pa~r- in9 ~ny eq~~ry, li~n w r~ght under w by virtue of thi~ mo::gye; and in the event sa~d MORTGAGORS shatl iw any ~eawn fail to keep ~he said premiirs so insured, d isi) to deliver promptty ~ny of said policie~ of irtsurance to said MOR~GAGEE, ot faii promptly to pay fully any pre+nivm theirla o? 7n a~y reipecl tail b perform, d;scha~gr, executs, e(fec1, complete, tomply wi~h end a~id~ by this covemnt, or any part hereof, sa~d MORTGAGEE may place a~d pay (w such insu~ance w ~ny pa~l ths~eof without waiving w sffectirg any oplio~, Iien, equity, or ~igh~ unde~ a by virtue of ~his Mortgaye, and the full ~mounf of eath a~d eve~y such payment shal! be immediately dve and payabk and ahall be+~ interesl from the date therNf until paid a1 the rate ol nfne per centum ps~ annum and to~ether with iuch imerest shall be secured by the lien of thii mortgsge. 1. To permit, commit w suf(er no waste, impaitment a deterioretio~ oi said ptoperty or any pan therMf. S. To pay all ar+d tingulsr the cosb, charges and expenui, including a reasonable sttorney i fee snd costs of abatrects of title, incurred ar paid at • any time by said MORfGAGEE, because w in the event of fhe fa;luro on the part of ~he said MORTGAGOR to duly, p?omptty and fully perform, dntharge, execute, eifect, complete, comply w~th and ab~de by each and every the stipulstions. agreements, conditioru, and covenanh of said promiswry note and ~hii mortgage any or either, and said cmts, charges and expenses, each and every, shail bt immediate~y due and payable; whether w not there bs notice dr mand, ~ttempt to co~lect or sui~ pend~ng; snd the fvll amount of eacfi e~d every ~vch paymenl thall bear interett frwn the date thereot umil paid at the ~are of nine per cantum per annu:n; and atl said costs, charges and expenses incv~red w paid, together w~th tuch intecest, shaU be tecured by the lien of this mortgaye. b. Th~t (a) in tF?e event of any breach of this ~Aortgay~ a defaul~ on the part of the MORTGAGOR, w(b) in the event ~ny of ss:d sums of money hercin referred to be not promp~ly and fvlly paid within th;rty (30) days ncxt after the same seve~ally bccome due and payabte, without demand or notice, or (c) in the event esch arrd every the stipulariw~s, ag~eemen~s, co~+ditions and covenants of sa:d promisw~y note and th~s mortgage any or either are not iuly, promptly and fully performed, d~uharged, executed, effected, completed, complied with and abided by, then in either o~ any such event the said ag gregate sum mentioned in aaid promissuy note the~ remaining unpaid, with interes~ aa~ued, and a11 mo~eys secwed he~eby, shall become dve and pay- abte forthwith, or the~eafter, at the option oi said MORTGAGEE, as fully and completely as i( all of the u~d sums of money were wginally st~puleted to be paid oo such day, a~ything in sa:d prom~sswy note or in this Matgage to the contrary notwithstanding; and thereupon or thereafter ~t rha option of said MORTGAGfE, without notice or demand, suit at law a in equity, therefore w thereafter begun, may be prosec~ted as if all moneys secured hereby ~ nad matured pr~w to ~ts institution. ~ 7. That in the evcnt that at the beginn~ng of w ~t any time pending any suit upon this Mortgage, or to fo?eclose it, w to reform it, or lo enforce payment of any claims he.eunder, sa~d MOR7C,AGEf shall apply to the Couit hav;ng jurisd~crion ~hereof fw the appointment of Receiver, such Court shall fcrthwith appoint a receirer of said mortgaged properly all and singular, includ~ng all and singuia~ the irtcome, profits, issues and revenues from whatever source derived, each and every of which, it bei~g expressly understood, is hereby mortgaged as if spetifitalty set fwth and desttibed irt !he g~anting and h~bendum dauses hereof, and such Receiver shall have all the broad and effeaive func:~o~s and powers in anywise entruated by a Courl to a Receiver, and s~ch appointment shall be made bv such Court as an admitted equity and a maner of abso7ute r+ght to said MORTGAGEE, artd withouf reierente to the adrquacy or inadequacy of the value of the p.operty mafgaged or to tbe so~vency w insolventy of :aid MORiGAGOR or 1he defendants, and that such rems, profiri, income, iuues and reve~ues shall be applie.l by such Receiver acco~ding ~o the lim or equity of iaid IVIORTGAGEE and the practice of such Court. ~ 8. To duly, promptty and fully perform, discharge, ezecute, effect, complete, comply w;th and abide by each and every the stipulations, agreements, conditions and torenanti in sa~d promissory note and ihis morigage set fwth. 9_ Thst in the event the ownership of the mortgaged premises, or any part thereof, becomes ves!ed in a person other than the MORTGAC~JR, the N.ORTGAGEE, its successo~s and assigns, may, wifhout nofice to the MORTGAOR, dea! with such successor or successor in inferesl with reference to this mor~gage a~sd the debt hereby secured in the same manner as with Mortgago. wilhout in any way vitiating or diuharging the Mortgagori liability herr ur.der w upon the debt hereby secured. No sale oi the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successors ~ or assigns and no extension o/ ti~e t;me fw the paymenl of the debt hereby secured given by the MORTGAGEE or ils successws or ass~gns, shsll operats ~ ~o release, d~scharge, modify change a aifect the org~nal liab~tity of the MORiGAGOR herein, either in whole w in part. , 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the ob(igatan sr cured hereby shaN at any time thereafter be held to be a waiver of the terms hereo! or of the instrume~t setured herby. 11. In add+tio~ to the fwego:ng monthly paympnts of princ'pal and interest required by the prom~ssory note secured F~ereby, mortgagor cove~ants and agrees to pay to mortgagee writh each monthiy p,ayr,~ent an add~~ional sum est~mated by mortgagee to be equal to 1 f 12 of the anrtual cost of the follow- ~ng: A-Alt real property taxes levied or assessed agai~st the above descri5ed real estate. B-Premiums on fire and windstorm iniurar.ce as here~n requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on suth mortgage guaranty insurance as mortgagee shail from t:me to time deem fit to carry on the loan secured hereby. Mortgagee shail from time fo time notify mortgagor in ~vriting of the amount due and payabte hereunder and such wm shall therevpo~ be due and Fayablt on the due oate of the nezt monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such a~~ovnt. Such sums shail be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaraMy insurance U~emiums. IN W1INESS VJHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. Signed, Seated and deiivered io Ihe presence of: 1 ~ _ ,~~~.7 rYf.c. _(S~an ~ eq - ~ tL~~ - - (Seal) SiATE OF FLORIDA ~ couNnr oF St . Lucie 8efae me perwnally appeared ~rt1S BrOWI1 a~ Geraldine BYOWII his wife, to me well known and known to~me to be the ind~viduals desuibed in and wFa exetuted the f tgoing trurt+ent, and acknowledged befwe me that they executed tlre t rposes ; therein ezpressed. And rhe said Geralc~ine ~rown _.ti~~, ~ wife of the said ~LZti C ~YON1r1 ~ . +.r'uP~? ? te examtnat~on by me taken separate and apart from her said husband, acknowtedged to and before me that she executed ssid i~stsUm eely iqd~ot~- ~ rar~ly and w~fhout any compulseon, constraint, apprehensiQn,~gr fear of or from her said husband. J ~ p-L~a~ • WITNES$ my hand and otficiat seal thi: day of October Q p~..~ . ..7 ' . ' - - % - ~ • ` : Notary ublit in snd for Sta id~ at ~ary4. ; My Commiuion expires: : • 4.~~?;ti. ' Retum To: r.. c• y} F M:: ~ S!~ j~aL { s L~ u~ t . First Federa) Saving~ d~ loan Astociatron . . . _ ~ ~~~~M/4r~ Of Fort Plerce. ~ ,r.:^i. 5 ~..._.~a,P (~if~i• , rt~..t r...~.. fon Pierce, Florida _ f -7,~~ { *~p REy~~ F~~• i This Instrument Prepared By RiChard K. KdyeS ft ~uG~Ep op•~SR~0~11` } First Federal Savings 8~ Loan Association ~'~OGE ~~1t a of Fort Pierce ~ Florida ~EC4 ~ `FRi4~~ ~ Checked 8y g Su a ~ 4~t 65~,56 ~~s~ ~i~ ~~~f 156? 2 . , - - - - - - - - _ ~ ~ ~ _ . . ~ r _ . _ . ~ . ,