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Home My WebLink About1816 3. To place and continuausiy keep on the bui'd~ngs now or 1oe~ralter s~~uate on sa~d land and o~ all eqolpmant ar.d personally corered by this mortq- egs, with all premiums thereon pa~d ~n fuil, f~re insuran;e m tha usual sta~xlard poGty lo~m, in a sum appeoYrd by the h1PR~GAGEE, and w~~dstorm fnsurance in the usual sTa~dard Fo:.cy forrn, in s s~m approved by rhe MORTGAGEE, in svch company o~ con,pan:es as the MORTGAGEE may d~rect; •nd all firo and w;nJstorm insuronca policies on any o( iaid buiid~~gs, any iroerei~ therein or part Ihereof, in the aggregate sum aforesaid or excess ~hereof, sfiall co~~tain the ~sual s~a~~dard n~a~gagee dause w such o~h~r clause ai IM 1Nor~yagee may requ:ro, making the icss undrr s~~d poli- cies, each and avery, payabte to said MORTGAGEE as ~rs inr,;res~ m~y appear, and each and every auch poiicy ihall be p~omp~ly ass gn~d and delivered to aoy held by sa~d htORiGAGEE as furrher security to sa~d n,o~tgage deb~, and, no~ leu than ren (10) days in ad.ance oi ~he eapirat~o~~ o( rach pol~cy, to de- ~ iiver to taid MORTGAGEE a renewal thereof, logether wi~h a receipf for tke premium of auch renewal; and ~here shali be no i~re or windsto•:n inwra~ce p~aced on any of sa~d build~ngs, any i~teres~ thcrein or pa~? thereof, unless in the form and wi~h ~he loas payabte as aforesaid; and in tF~e event any sum ot money becomes payabie undrr such policy or polrcies said MORTGAGEE shalf have ~ne opt~on to recei,re a+~d apyty the same on account of ~he ind~bred- ness secured F~ereby or to pe~mit said MORTGAGORS to receive and o~e it or any part !hereof tor oti,cr pwNasrs, wnt,-~.,t th,r, u; w..i.~.,~ cr i:~:p„ir- ~~g any equ~ty, l~en w r~9ht under or by virtue of thi~ mo: ~yage; and in the event ta:d MORTGAGORS shall tor a~y reawn fa~l to krep ihe sa;d pre~nfa,•s so ~nsured, a fail to de(ivet promptly any of said poKcies of insura~ce to taid MORiGAGEE, or fa~l promptly to pay fully any pr~ni~~m therefor or in any ~ respect fail to perfam, discha~ge, exec~te, effect, compte~e, comply with and abide by th~s covenan~, a any par~ hr~eof, sa~d MORTGAGEE may p~ace a:~o ; pay for such insurance or any part thereof w~thout weiving w affecting any option, lien, equity, or right under or by virfue oF this Morfg~gf, and the 1u1! amoun! o! each and eve~y such paymaM shall be im,nediately due and payable and shaN bear iNere~t from the date thereof un~ii pe+d et ~he ra~e ot n~ne per centum per annum and tu~rther with suth iroeraat shalt be secured by the lien of this mwtgage. 1. io permit, tommil or aufier ~o wasts, impairment p deterioration of said property or any part thereoi. 5. To pay all and singular the costs, chargrs and expenus, ~nciuding a reaso~able attorney'~ fee and costs o! abstrac~s of titte, incurred or pa;d at eny time by aaid MORTGAGfE, because or in the event of the failure on ~he part of the said MORTGAGOR to duty, prompdy and fv!ly pe*iorm, dacharge. execute, e((ec~, complete, comply w~th and ab:de by each and every the stipulauons, agreements, conditions, and covenants of said prorrissory n~te end ehis mor~gage any or either, and sa~d rns?s, charge. and expenses, eacb and every, sha~l be immed~ately due and payable; whether a not there be no~~ce da mand, attcmpt to coUec~ or sui~ pend~ng; and the full amount of each and e+ery such payment shall bea. i~terei~ from the date tF.ereof uro~l paid at the rate o~ nine per ce~tum p~r annu:n; and all said cos~s, charges and expensas inturred w paid, tog.:ther iv+fh wch interes?, shatl be secured by the lien oi th~~ mortgage. i 6. That {a) in the eve~t of any breach of this Mortgage or defautt on the part of the MORTGAGOR, or (b) in ~he event any of said sums of money herein referred to be not pro~nptly and fully paid w~tnin th~rty (30) days nex~ atter the same severatly becorne due artd payabte, wifhout demand or notice, or (c) in tbe evem eacb and every the stipu~ationa, agreements, co~ditions and tovenaros of sa,d prom~swry note and th~s mortgage any w e~ther are nol ~ iuly, promptly and (ully performed, d~scharged, eaecuted, efEected, tompleted, complled with an~ abided Sy, then in either w any wch event the sa~d ag• gr~gate sum mentioncd in said pron,issory note then remaining unpaid, with interest accrued, and a:l moneya secured hereby, sAall become due and pay- abla (orthWith, or thereaftrr, at the opt~on of sa~d MORTGAGEE, as fully and complete~y aa i1 aIl of thN said sums of money were or~ginally sup~(ated !o be pa:d on suth day, anything in sa:d promissory note or in this Mortgage to rhe contrary notwirhsranding; and thereupor or thereafter at the op~~on of s~~•j MORTGAGEE, without notice o~ demand, suif at law or in equity, therefore o? thereafter begun, may be prosecuted as if all moneys secv~ed hereby r,~d matured pnor to ~ts institunon. 7. lhat in the event that at the beginn~ng of w at any t~me pend~ng any suit upon this 1Vtorr~age, or to fo~ectose it, or to relo.m if, o~ to enfo,ce ~:~yment of any [laims hereunder, said MORTGAGEE shall apply to the Co~rt having jurisdiUlon thereof lor the a~po~ntment of a Receive~, wch Court shall forihwith appoint a receiver of said m,orsgaged property all and singvtar, inctud~ng all and singuiar the inco~ie, proi~ts, iasues and revenues from wh~tever ; s: urce derived, each and every of wh;ch, it beirtg eapre:sty undersrood, is hereby mortgaged as if spec~iically set iorth and descnbed in the granting and habendum cleuses hereof, and such Receiver shall have alt the broad and e4fecrive funct,ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and s.,:h appointment shall be made by such Court as an adm;tted equity and a matter of absolute right fo said MOR7GAGfE, and winc~ut ~eference to the adequacy or inadequacy of the value of the property mwtgaged or to rhe so,vency or msoivency ol sa~d MORTGAGOR or the defendants, and rhat such renis, pro(its, income, issues and revenues shall be applied by such Receiver accord~ng to the tien w eq~iry of sa~d MORTGAGEE a~d the pract;te of such Cour?. 8. To dufy, promptfy and fv;ly perform, discharge, execute, effect, compiete, cemply wi~h and abide by eath and every the stipulations, agreements, condirions and covenants in sa~d promissay note and this mertgage set fath. 9_ ?hat in the event the ownership of the mortgaged premises, or any part thcreof, becomea vested in a person othe~ than the MORTGAGOR, the s '~!ORTGAGEt, its successo~s and ass~gns, may, without nof+ce to the MORTGAOR, deal w~th such successw or sutcessor in interest w~th reference to this ~~o-~gage and the debf hereby secured in the same manner as with Mortgago~ w~thout in any way vit:ating or d~scharg~ng the Mortgagors' liabiliry here- un,~er or upon the debt hereby secured. No sale of ~he Fremises h.=reby mortgaged artd no forbrarance on the pa~~ ot the JJIORiGAGEE or its svccessors o. assigns and no eatensio~ ot the t~me for the payment of the debt hereby secured given by the MORTGAGEE or its successors o: ass~gns, ahall operate ro re!ease, distharge, modify change or a(fett the original liab~i~ty of the M.ORiGAGOR herein, either in whole or in parL 10. It is specifically agreed that t~me is ef the essence of this contract and /hat no waiver of any ob~+gat~o~ hereunder or of the obligation se- cured hereby shall at any time ~hereafter be held to be a waiver of ~he terms hereof or of the instr~ment secured he~by. ll. in acid.tion_So the forego:ng month!y payments of princ'pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants , a~,d agrees to pay to mo:tgagee v~rth each month;y pa~rnent an sdd~~ional s~m est~mared by morfgagee to be equat to 1. i2 of tne annuat cost of the follow- ;,3 . A-All real property taxrs ievied or assessed agai~~st the above dexri5rd real estate. B- Prem;u ::s on fire and windsterm ~nwrarce as nere~rt requ:red to be carrled on the :mprovemeats rtuate on the above d=sa~bed premises. C-Prerniums on such mortgage qua+anty ir.surar~ce as mortgagee shall fre:~z t~me to time deem fit to carry on the toan secured hereby. Mortgagee shail frcm f;me to~:e noriF~ mcrtyagor in writing of the amount d~e and payable hereundrr and such su:r, shall thereupon be due and ;.ayable on the due date of rhe next rnonthly payment and each successive monrh thereafier ur,til mortgagee shall notify mortgagor of a change in such ~-.ount. Such sums sF.a:l 5e appl~ed by mortgagee roward the payment of reat propeny taxes, inwrance prem:ums, and murtgage guaranty inwrartce ' ;r'cmiums. . IN Y~ITDJESS ':•'H:REOF, the said MORTGAGOR has here~nto set h;s ha~~d and seal the day and year first atoresaid. ~ igned, Sealed and delivered in the ptesence of: ` ti " L- <<-~ ~ ames l.. Quinlan ~~a~~ ' (5eaq . • ~i~-tt+~! .~C-tti..--~t (Seal) J C~i t c c' ~ C - Carole A. Quinlan ~~a~~ i ` SiATE OF ftORlDA fJ 1 ' COUNTY OF S L. I, t1C 10 ; i Before me personally appeared •lames L. Quinlan and ~ Carole A. Quinlan his w~fe, to me well knawn ~+d.'~?rown to~ me fo be ~ rhe individva)s described in and who executed the fw oi inslrument, and acknowied ed before me that the executed t j ~"4 9 y F~t s~nS~ for th~~Rirrp~ses tha.ein expressed. And the said Carole A. Quinlan ~-_.~..•••....b~.;/~~~ ` r+~fe of the said ` ,J~ipeS L. Uuinlan ' ' ~ ' ~ • 3_ up3q'a s~a~~ 2 a~8 Pj1~,,;t~ ; examinarion by me taken separate and apart from her said h , atknawledged to and fore me that she executed said ?qtrp~ne~•~re~ ~ Vpt~-~ i` ~ ~ ra.~ly and w'~rhout any compu;sion, constraint, appreh , LJear of or fiom her ~d s n _ ,~j ~ r i ~ / C. ~ _ ~ ~ . WITNFS$ my hand and offitial seal this_ da of ~ ~ ' y ~ C. ~ ' P.~9 , ~ . •'G,L,`E ~ ~ ~ - s ~ ? ~e. - / otary Publ~c in and for t State of~~ida a ~jp~ ~ Rer~m To: My Commission expires: ~!~.~,rl ~{~l ~`~\t~~ • ! ~;K~1N ~ First Federal Savings 6 loan Associat~on - • • oi eo~t P.e•ce. tt~TkRY !'~!~~tr. Sr~:T~ F(GRtDA iE GIRGE Fort Ple:ce. Fior~da ~',y E~~ i~ iS IAPI. 7. 1471 t,•,..... i3~. ;.c[s I .S~rar.:,e Co. 2s~sso Gary F. Ellwood This Instrumenf Prepared By ~1~~Q ;;~~.1AQ p F+rst Federal Savings 8~ loan Assotiation St, ~UCi~. ~~OUN'~v F~A, of Fort Pierce Florida a, ~'G ~.~~iP~~ f~ ' ~~Ept. "~:~U1~ OOURt ' Checked By ~ R~ r^ R~~ I E~: ~r : E 0..~.~.~-.~• sb Nor 7 ~ u~ AN'~3 ~20 ~~l~ _ : _ _