The URL can be used to link to this page

Home My WebLink About1734 3` To ptaca and co~+einuously keep oa the bui!dings now or hereafter ~it~ale on sald land and on alt equipmeo~ and personally covered by th~s ma~g- ege, with all premium~ ~hercon pa~d in full, fire insurance in ~he usual standard poticy form, in a sum app~oved by Ihe MOR(GAGEE, and w:ndsiorm fnsurance in the usvat s~andard poGcy fam, in a sum approved by the MORTGAGfF, in such company or companies as ~he MORTGAGEE may d~rcU; and all fire and 'w~ndsrorm insurance polictes on any p[ said b~ildmgs, any i~ta~est tt~,~ce::: !!-.--~f. 9n tha aggre9are sum aforesaid a in excess thrrcof, ihall contaio the usuaf standard morrgagee clause or such othcr clause as ths Mortgagee mey requ+re, ma~ing ths Ioss under sa~d poli- c~es, each and every, payable ro sa~d A1pRTGAGEE as ns ~nta~cat may appear, and each and every such poGCy ihall be promp~ly ass gncd and deli+zred to eny held by said MORTGAGEE as (u~Iher security to said mortgage debt, and, not less than 1en (10) days in advance of the expiralion of each polity, to de- live~ to said MORTGAGEE a renewal thereof, toge~her with s ~ece~pt fo. ~he prem;um of such renewal; and Ihere shall be no i~re or wi~ds~or~n insurance placed on any of ~aid buildings, any inle~est therein ot part thereof, unless in the (o~m and with 1M loss payable as afo~esaid; and in the event any sum of money bccomes payable vnder such polity w policies seid MOR~GAGEE shaU have the opno~ to reteive and apply the ume on account of the i~xlzbted- ness secwed hereby a+ ro permit said MORTGAGORS to reteive and use it a any part ~her~of for o~her purposes, v.~~hout thr.~u~ w~~~i:~g or u~+p~ir- _ ing any equ~ty, lien w right under or by virtue of this mo:tgage; and in 1he evero sa;d MORTGAGORS shall for any rcason fail to keep the sa~d prem~szs so t insured, w fail to deliver promprty any oF said policies of inaurance !o an;d MORTGAGEE, or fail promptly to pay fully any pre~nium therefor o~ in any respect iail to perfwm, dischar9e, e:ecute, effect, complete, tomply wi~h and sbide by this covenaN, or any par~ hereof, sa~J MGRTGAGEE may place a~~d pay for such inwrance or any part thereof without waiving or affecting any op~ion, lien, equity, or rigM unde~ o~ by virtue of this Mortgage, and the ' full amount of each.and every such payment shall be immediately due and payabie and shall txa~ i~terest from the date ihereof u~til paid at ~he ra~e ol n~ne per tentum per annum and to~ether with such interest shall tx secu~ed by the lie~ of thii mortgsge. To permit, commit or suffcr no waste, impairment or deterioration of said prop~rty or any perf thereof. S. To pay a71 and singutar the costs, char9es and expenses, inctuding a rea:onable attorney i fee and casts of abstracts of ti~te, incurred or paid et any time by said MORTGAG:E, because a in the event of the fa~lure on the part of the said MORTGAGOR ~o duty, promptly ar.d fully pe~tam, o~xne~y<, execute, effect, comptete, comply with and ab~de by each and every the stipulat~ons, agreemertts, cond~~ions, snd covenanrs of said prom~ssory note and thii morrgage any or eithea, and sa+d costs, chargea and expensa;, each and every, sAall be immed~a~ely due and payable; whether p not there be not~ce d~ -=n~ ,r:,.~n: :o collesf or ~uit pend~ng; and the full amount of each and every sucA paym~nt shall bea~ interes~ from ~he date thereot until paid ar rhe r.~te of nine per cenium per annum; and all said cosrs, charges and expenses incurred w paid, togethet wdh such iNeres~, shall be setured by the lien of thi~ morty~gs. 6. Th~t (a) in the evenl of any breach of ihis Mwtgage or defautt on the part of the MORTGAGOR, w(b) in the event sny of said sums of money ; herein referred to be not pranptly and fully paid within thirty {3p1 days neat afrer the same severally necome due and payaule, without demand or notice, er (c) in the event each and every the stiputations, agreements, cor.ditions and covenants of sa~d promissory note a~d th~s mortgase any oe either are not iuly, promp~ly and fully periormed, d~i:harged, executed, ef(ected, completed, complied w~th and a6ided '~y, then in either w any such event the sa~d ag- gregate sum mentioned in sa~d p~omisso?y note than remaining unpa~d, with i~terest accrued, and all moneys secured hereby, shall become due and pay- ab;e forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fu~ly and completely as ii all of the said sums of money were originalty stipulated ~o be pa;d o~ such day, anything in said prom~ssory note w in this Mo~tgage to rhe conrrary notwithstanding; and thereupoo w therea(te? af the opt~o~ of s3~d MORTGAGEE, Mrithout not~ce or demand, suit at !aw w in equity, therefore o~ thereaher begun, may be prosecWed as if sll moneys secured hereby na! maturtd pnor to its institution. 7. 7hat in the event that at the beginning of or at any time pending any suif upon this Morrgage, or to forecbse it, or to reform it, or to enforce p3ymertt of any cfaims he~eunder, said MORTGAGEE shalt apply to the Court having jurisdiction thereof tor the appointment of a Receive~, such Court shall Fcrthwith sppoiN a receiver of said mortgaged property all and singular, includ~ng all and singuiar the income, proids, issues and revenues hom whateve? ~ s~urce deriwed, each and every oi wh~ch, i~ be~ng exp~essly unders~ood, is hereby mortgaged as if specifically ut iwth and described in the granting and h36endum tlauses hereof, aod such Receiver shall have all the broad and effec!ive funct~ons a~d powers in a~~yr,,:;e entrusted by a Court to a Receiver, and s_ch appoimment shall be made by such Court as an admitted equity and a rtwtter of absolute righf to said MORTGAGEE, and without reference to the ; ad~yuaty or inadequacy of the value of the property mortgaged or to the savency or insolvency o( said MORTGAGOR w the defenda~ts, and ~ha1 such ' t re~+fs, profih, income, issues and revenues shall be applied by :uch Receirer according to the iieo w eqvity oi said N10RTGAGEf and the practice of such ~ Court. r 8. To duly, promptly and fu(ly perform, discharge, execute, effect, complete, comply w+th and a6ide by each and every the stipulations, ag~eements, ~ ccnditions and covenants in sa~d promisswy note and this mortgage set iorth. _ 9_ That in the event the ownershiP of the mortgaged premises, or any part thereof, becomes vested in a perwn ofher than ihe MORIGAGOR, fl~e ".'~R7GAGEE, its successors ar.d assigns, may, without notice to the MORTGAOR, deal with such successw or successor in interest with reference to thia rt-or1gage and the deot hereby secured in the same manner as with b'tortgagor without in any way vit~ating or d~scharging the Mortgagors' liability here~ vnder a upon the debt hereby sec~red. IYo sa~e of the premises hereby mo~fgaged and no forbearante on the part of the /~AORiGAGEE a its successors or assigns and no extensio~ of the time for the payment of the debt hereby secured grven oy ~ne MORTGAGEE or its successors w au~gns, ai~all operate ro re!ease, d~scharge, modiFy change or affect the original liabll;ty of the MORTGAGOR herein, either in whote or in part. 10. !t is specifically agreed that time is oi the essence of ~his contract and that no waiver of any obligaflon hereunder or of the obligation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the insirumeM secured herby. 11. In add:t~o~ to the forego:rx~ mon~h!y pay~n~nts of princ'pal and interest requ~red by the prom;ssory no!e secured hereby, mortgagor covenants ~~:d agrees to pay to mo;tgagee w~th each monrhly payment an addoional sum est~mated by mortgagee fo be equal to 1 j 12 of the annua! tost of the toAow- ~„~a: , A-All real property taxes lev~ed or assessed agaiost the above described real estate. B-Premlums on (ire ar.d wir.dsro:m ir.surar.ce as here~n requ;red to be carried en the improvemeots situate on th~ above described premises. } C-Pre:niums on such mortgage guaranty insurar.ce as mo+tgagee sha~f from s:me to time deem fit to carry pn the loan secwed hereby. = Mortgagee shall from rime to rime notiiy morrgagor in wr;r~nq of the amo~~u due and payable hereunder and such surn shall thereupon be due and ~ :~rable on the due date oi rhe next month:y payment and each succesvve month thereaft~r ur.til mwtgagee shall notify mortgagor of a change in such ~ aunt. Svch sums sFall be appGed by mortgagee toward rhe payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance ; .;remium5. ~ - IN WIT E55 WKEREOF, the said MORTG GOR has hereu~to set his hand and seal the day and ye first aforesaid. ' Sig Sealed and delivered ' th sence of: ~ i I _ an i ; - (Sea1) ~ _ ~ (Sean ~ - - ~ (Seal) e i 5~ i.TE Of FLORIDA ~ ' COUNTY OF St . Lucie ~ £ Before me personally appeared and ; _ ;~ancy Behm his wife, to me well known and known to me to be rhe individuals desa~bed en and who executed fF~e foregoing instrument, and ackr.ow{edged befwe me that they executed the same fw the purposes ihe~ein expressed. And the said Nancv K Behm _ ,v:fe of the said - St8r11CV F_ Rehm upon a separate snd private i ~ examinatwn by me taken separate and apart from her said husband, ackrawledged to and before me that ahe executed said instrument freeiy and valur~- ~ ~~~~~y and without any compulsion, constraint, apprehe sio~n, `'w fear of or from her said husband. _ WI7NE55 my hand and offic;al seal thi _ day of iVovember i.a Q 19'73 ~ Norary Public in and fw the S+ e pf~'Fbri a~ lar~ s ~ My Commission expires: ~ . = Retum To: - ~ O S - , .:~s?c~~? ~~_(i1,i'%i,at tAR6E_~= First Federal Savings 3 loan Association F , ~J1 J, Y' ~•ii!.{, ~ Of Fort P:erce. t~ r.. ~ n:t ~L u(' 1,:~?7 Fort Pierce, Florida ~~.IfiS;if2i1C~ (;p, ~ _ i O ,,,,/rlr~ 26'783 . This Instrument ?repared By R2chard K. Kayes First Federal Savings 8~ loan Association F1~E0 AN~ '~~Q~ 4 _ - of Fort Pierce Fiorida S1.lUC+E_~OtlM~~~~*~ ~ R06c~ ?a1~~1~$ - .~o ~ CIEKK C~'.G?llz ~~URt Checkeci By ...C~- ~ pf+'~4i! ~.-iCD.r.~...~.~+ _ ~ e~ 220 6. ~ oo PN'~3 ~ ~ . . ~