The URL can be used to link to this page

Home My WebLink About1379 J. To placs a~d continuouily keep on ihe bu~'J~~gs now a 1~ereafter ~iluate on said ~snd and on aL' equ~pnxnt and persona(ly covered by th~s morig- ~g~, w~)h all prem~ums ~hercon pa~d in iull, f~re i~s~rance in ~he u~uai s~anda•J'pol~cy form, in • s~m apWoved by the MORIGAGEE, a•d winda?o~m insurance in Ihe u~~al ftandard pol~ty form, in a sum app~ovcd by ~he MORTGAGEE, in •uch tompany or ta~npan:es as the h'tORTGAGEE may , directs and aIl firs and w~nds~orm insu~ance po~icies on any o( sa~d bu~ld:ngs, a~y ~~~ere?1 therei~ o~ part Ihereof, ir, fhe ~ggregete tum aforeta~d or • ~ in excess ~hr~eoi, ehall comain fhe usual 3tandard mortgagee dause or such oiher clauss as the Mo~~gagee may rcqu~re, maAing the loss unJer io~d poli- cfes, each and every, payable w sa~d MORTGAGEE ai ~ts inrrrest may eppear, and each and every s~ch pa~cy sha11 be prompuy ass g~ed a»d da!~~er ~ ro any held by sa~d MORIGAGEE as further security to said mortgage debt, and, not leu Ihsn ten (10) deys in advance of the expirahon ol each poGty, to da I~ver to sa~d MORTGAGEE s renewal thereof, togcrher wirh a rece+pt for ~he p~rmium of such renewal; and thrre shail be no fue or w~~~ds~o~~n insurance Flaced on any of said build+rgs, any interest lhersin w part lhereof, unlesi in the form and with the loss payabte ss a(oresaid; and in ~he event any sum ! of money becomes payable under such policy a pol~cies said MORTGAGEE shsll have the ophon to ~eceive a~xl appty the san~e on account o( Ihe indabted- ncss secured hereby w to permil aa~d MORTGAGOR$ to rrceive and use it a any pa~l ~he:eof for oti~cr pwposes. .v~~ho~t :ha+. or .ra~v~~~3 or ,-w~~- ir+g any eqv~ty, lien a right u~der « by vi~~ue of ~hia moccgage; and in the even? ~a~d MORTGAGORS shall fa any ~eason fail to Aeep the sa~d pre~*+~sri so . ~ insured, or fail 1o deliver prqnptly any of said po~~cies of insurance to said MORTGAGEE, ot fad promptly to pay lully any prenuvm therefw a in aRy respect (ail b perfpm, discharge, execute, efiect, co~~plete, comply wi~h and abide by this cove~an?, or any parf hereof, sa~d MORTGAGEE may p+ace a~c pay fw such iruurance or any parl thereo( w~fiwut waiving w affecting any opt~on, lien, equi~y, ot nght undc~ w by virtue of this Mo~tgage, a~d fhe f~ll a~novnt of each snd every such paymeN shall be immediately due and payable and shall bea~ iMerest from the date thereof uroil pa~d at the rete o1 t~` n~ne per cent~m per annum and to3rther with such ime~est thaG tx secured by tM lien of th~s mot:gage. ' To permit, tommit w suffer no waste, impairment w deterio~atio~ of sa~d propcrty w any pa/t the~eof. ~'r~ 5. To pay all snd singular the costs, cha~ges and expenses, ]nduding a reasanable anwney i fee and costs of abstracts of Htle, incurred or pa~d at any !~me by said MORTGAGfE, becaux or in the event of the failure on the pa~t of Ihe said MORTGAGOR to dvly, pra»pUy and futly pe~fwm, d~scharge_ -xecute, effect, complete, comply w~th and ab:de by each end every the stipulat~ons, agreements, conditions, and covenants of said p~o+n~ssory note and ih~i mo~tgage any w either, and said costs, charges and expenses, each and every, shall be immediale~y due and payab:e; whether ar rtot ~hrre be not~ce dr mand, anempt to collect or suit pend~ng; and ~he full amount of each and eve~y such payment shall bear imercsl from the date thereof u~til pa~d at the rate oi nine per centum per annum; and all said costs, charges and expenses incwred o~ paid, together w~th such interest, shall be secured by ~he Iirn of th~s mortgage. 6. Tha1 (a) in the even~ of any breach of this Mwtgage or defa~lt on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred ~o be not promptly and fully paid witF,in th~rty (30) days next afte~ the same severally become due and payab!e, without demand or not~ce, or (c) in thr event each and every the stipu:ations, agteements, conditions arxl covenants of sa.d promissory note and th~s mo~tgage any w eilher are no1 i~ly, promptly and fully perfor~ned, d.schargrd. executed, effected, completed, complied with and abided 5y, then in either w any such event the sa~d ~g gregate sum mentioned in said p~omissory note thrn remaining unpaid, with in~erest accrued, and ail moneys sxured hereby, shall become due and pay- abie forihwith, or thereafter, at the option of said MORiGAGEE, as (vlly and completely as ii all of the sa~d sums of money were a~g~naily snpuiated to be pa:d a: such day, anything in sa:d prom~ssory note or i~ fhis Mortgage ~o ~he caurary notwilhstanding; and thereupon or thereafte. at rhe op~~on of ee:d MORTGAGEE, w~rhout not~ce or demand, suit at law w in equity, therefwe a therea!ter begun, may be proaecuted as i1 all moneys secured hereby nod matured pnot to ets institureon. 7_ That in the event tt,at at the beginn~ng of or at any time pending any suit upon this Mortga3e, o? to forc~;fose it, o~ to re{orm it, or to enforce payment of any claims hereunder, wid MORTGAGEE ahali apply to the Court havf~g ~unsdlc~;on thereof for the appo~ntment of a Receiver, such Ccurf shail ferthw+th appoint a ~eceiver of said mortgaged property all and singu!ar, inc!ud~ng all and singu~ar the ir.come, prof~ts, ias~es and revenues t~om whatever scurce derived, each and every of wh:ch, it be~ng expressly unders:ood, is hereby mortgaged as if spec:ficaliy set forth and descnbed in the g~anring and habendum clauses hereof, a:+d such Receiver shall have al! the b~oad and effect~ve funct:ons and powers in anyw~se entrusted by a Court to a Recaiver, a~~d s_:h appointme~~t shall be made by wch Cuu.t as an admitted equity a~d a matter of abso~ute right to wid A10RTGAGEE, and wirheut reference to the edequacy o? inadequacy of the value of the property mwtgaged or to the so,vency or insolventy of sa~d l41lORTGAGOR or the defendants, and that such reora, prof~ts, income, issues and revenues shall be app~~ed by such Re.-eiver acco~d~og to the lien or equiry of uid MORTGAGEE and the practice of such Court. 8_ To dufy, prompt!y and fully perform, discharge, exetvte, effe:t, comp~ete, comply vai?h and abide by each and every the stipulations, agreements, conditeons and covenants ~n sa~d prom~ssory note and th:s mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or a~y part tnereof, becomes vested in a person other than the MORTGAGOR, the , MORTGAGEE, in successo~s and assigns, may, wiehout norice to the A'10RTG~OR, deai with such wccessor w successor in mterest with refere~ce to this mo•tgage ar.d the debt hereby aewred in tne same man~er as wi~h Mcrtgagor without in any way vit~ating or d~scharging the Rlortgagors' liability hert ~~der w upon the debt hereby secured. No sate of the Frerruses hereby mortgaged and ao forbearance o~ the part of the MORTGAGEE or in successors or ass~gns and no earens~on of rhe rime for the payment of the debt hereby sec~red given by the N10RTGAGEE er its successors or ass:gns, ana~l operate to re!ease, dacharge, modify change or aife~t the origmal liabillty of the h10RTGAGOR herein, eithrr in whole or in par1. ~ 10. It is speuficatly agreed that time is of the essence of this coniract and that no waiver of any obfigat~on hereunder a of the oblgation sr k cvred hereby shali at any time thereafter be held to be a waiver of the terms hereof or of the instr~meN secured herby. ' s 11. In add~t:o~ to the forego ~g r.~or.tnty paym~n!s oi princ pal and interest reauired by the prom:sscry note secvred hereb~, morfgagor covenants ` e^d agr~es to pay to mortgagee v.nh rach mon*hiy pa~r,,ent an add~cional sum esuma~ed by mortgagee to be eqval to 1, 12 of the ar.n~al cost of the follow- ( ~~q: ~ A-Atl real property tazes lev~ed or assessed ag~i~st Ihe above descr~bed real estate. E B-Pr_n~"~ms on frrr and wi~;dsto:rn ir.w~a~ce as i:erein req~:red to be carried on the improvements s~tuate on th_ above d~suibed premises. ~ C-Prem~ums on wch mortgaqe guaran+y insu•a~.ce es mo•~gagee shail Frc:n t~me to t;me deem fit to carry on the Ioan secured hereby. ~ Mortgagee shail f.em t~me to time n~tify mortgagor in wrii;ng of rhe amount d~e and payable hereundrr and svch suT shail there~pun be d~e and i:3yabte on the d~e da~e of the next monthiy payment and each success~ve month thereafrcr ur,til mortgagee shatl not;fy mortgager of a cnange in such ~ a•-.ount. Such sums sha:f oe app:ied b~~mo~,gay-re ronard the payment of real property taaes, i~surance prem,ums, a:~d mortgage guaranty insurance ~ n•emi~ms. . ~ ~ IN Y11TNE55 :lHEREOF, the said MORTGAGOR has hereunto set his ha~~d a~d seal the day and ar first aloresaid. / gned, Seated and delivered in the presence of: , ~/L~ ~ r~~~- s!) ~ ~?f RaY Arlan Vickers y ~ _ _ . tsea~~ ~ - - (Seaq ~ • ~ S;ATE Of FLORIDA , ~ u_ ~ COUNTY OF Sti. L.L1C1@ ~ ~ Befwe me personally appeared _ Ray Arlan V1CiC6tS ~ a single adillt ~C ~ ~ tQ me well known and known to me to be - the individua: desc~ibed in and who exec~ted the foregoing instrument, and acknowledged before me that I~~r executed the same for the purposes therein cxpressed. 74ffe' 11il~ TdR!' ~ .vl f! tl~ 1M! Zat~ . Jp~A" T!!~l~aTe lfld aMlt~ >S AterHk~lRr1 ~ ~ne TdklRrlfplfet!'!*A' epeR ftertT ?~R Zd1d 110lbefM; ~~itfR/f~Ald9l~ 10r~d ~lf0?t T! fFfat~sll~lklG~tlQ' lMd~ASfrOh7lfff'f~~l* Sr1d1~0iOT ~ tar:iy~.ar~i.r.i~hort.ary?<a~~r'~iari.toosua~M~aFrr~h~~s»~~o?fe~r.~fpir~rwi~s~~aid.lwnb«~. ist February 74 WITNESS my F~pd~~Hd~qf/icial,seal thi~._ day of A. D. 19 , _ l ~ - " ~ ' . ~'~i~ ~G~~~ ~ ~ - ~ '~lotary PublEc in and tor th tate of Florida at large , - • ~ ~ My Commission expires: _ ~ ~RFWrn To: . • f'' fint Fe6lr~l .~Savir~gs ,8•{ioarY AssbCALOn ~ Of Fo.t P~e:ce. ' Naory ~ubAc. ~ =i `'.rfpci V~e7c~j ~ ` • M . Stot~ e/ ~a?'e~ ~ r Cemm ~ l.~ r. ~ss.on Exp~res Oc?. J0. IS~d , ' •i ' 6onJ:d ~ _ • ~ ~Y Art:ncun r~re 6 Ca;vclh ~ r Co. r, ~ i1 T V" , ' This Instrumeri~ ~Prepared By J. H. Roberts, Jr.flLfUtr' LTV~j~{~~~D• T .~SJ'!~Y FL~ First Federal Savings 8~ loan Association ';r,~;s~~5 l.~ s>: of Fort Pierce , Florida A~'" ~~T COURT - C1,fat~ L ~ ~ ;.U ~F ~f~t =t. 'F~: ~ 2'73828 ; Checked By ~ ~~y t~,{ :=:a ~e a 9 s9 w~ _ ~ ~o~ 223 ~ i379 aZ