The URL can be used to link to this page

Home My WebLink About2244 3. To place and con~inuous~y keep on the bui'd:ngs now a t~ereaficr situate on se~d land and on alt equ~pment and person~Ily covered by this mortg~ ags, w~~h all prem~ums thereon pa~d in iutl, t'ue insurance in the us~al srandard polfq form, in ~ sum appro,red by the MORIGAGEE, and wind?torm insurance in the usual searxierd pol~cy fam, i~ a sum approred by tM MORTGAGEE, in such company or compan~es as the MORTGAGfE may dired; and aU (ire and w~rxls~orm insurance policies on any of said iwild~nys, any intere~l rharein ar part the~eol, in the aggragate sum ifweta~d or 1n excdt thereoi, slwU contdin rhs usual standard mortgasee clause w such other clauss as the AAurtgagee may requ~r~, making ~ha loas u~der sa~d poli- cies, each •nd every, payable to said h1pRiGAGEE as its i~~erest may appear, and each and every such po!icy shall be prompt~y ass gned and da~ive«v/ ro •ny held by said MORiGAGEE as further srcurity to taid mortgege debt, and, no~ less than ten (tQ) days in adva~xe of the eap~ration of each poficy, to dr Ifva to uid MORiGAGEE a rencwal thereof, toge~her with a rece~pt fo~ the premium of such renewal; and ~he~e shail be no f~re or w~nds~orm insurance pl~ced on any ~of sa~d bui!ding~, any imerest theroin a pan thereof, unless in the form and witA the loss payaLle a~ afwesaid; end in the event any sum of money becomes payable unde~ such poliq or pol~uea said MORTGAGEE shall have the opGon ~o ~eca+ve and apply the same on accou~v oi the indcbted- ~eu secured hereby w lo permit aaid ~dOR1GAGORS to rKeive and use it w any part thereof Sw otner purF~oses, w~~hoct Ih_rro~ wni~i:~3 or e•npoir- ing any equ~ty, lien w r+ghf under a by vi~tue of lbis mo:'gage; and in the event sa~d MORTGAGORS sha~l for any reason (ail to keep the said pre~nisas so insured, or fail lo deliver p~omptly any of said poliues oF insurance to said MORTGAGEE, w iail promptty !o pay fully any prrniium therefor or in a~y ~esped (ail to perform, d~scharge, execute, ef(ect, comptete, comply wirh and abide by this covenant, p any part F~erco(, said MORTGAGEE may place and pay for such insurance or any part thereof w;thouf waiving or affecting any opt~on, iien, rquEty, or right under or by virtue ot this M«tgage, and ~he full amovnt of each a:~d every such paymenl shall be immediately due and payable and shall bear interest from the date thereof unril paid aT tlx ~afe o1 mne per centum per annum and to.7rther with suth inter~st shall be secured by the lien of thia mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said p:operty or any part thereof. S. To pay all a~d singular the costs, chsrge~ and expenses, including a reasonable attwney i fee and costs of abstrads of tiNe, incvned or pa~d at any time by said MORTGAG:E, because or in the event of the fa~lure on ~he part of the said MORiGAGpR to duly, promptty and futly pe~fwm, d~xharge, sYecute, elfecq compte~e, comply w~th and ab;de by each and every the st~pula~~ons, agree~,ems, conditions, and covenants of said prolnissory ~ote ind ~h~i mwtgage any or either, a~d aa~d costs, cfiarges and expenses, each and every, ahall be immediatety due and payable; whefher w not thxre be nor~~e dc mand, attempt to cofted ot suif pending; and the !uN amounl of each and eYe?y suth paymcM ahali bear interest from Ihe date tAereof until paid et the rate of nine per centum prr a~u~um; an~ all said costs, cnarges and expensea incurred or paid, togelFxr w~th s~ch interest, shall be secured by the I~en of thii mortyage, 6. Tfiaf (a) in thc evenf of any breach of this Marrgage w default on t1r part of the MORIGAGOR, or (b) in ihe event any of sa+d sums of mone~ herein referred to be nm promptly and fully paid w~~h~e th:rty (30f days.nea~ aftei the san,e seyera!ly Ixcome due snd payable, withou~ demand or notice, or (c) in the event each and every the s?ipulations, agraemeros, cond~eions and covenants of sa:d promissory oote and th~s mortgage any or e;rhe? a~e not ~uly, promptly and fully performed, d;xharged, eaetuted, effected, canp{eted, compl~ed wirh and abided by, the~ in either w any such event the sa~d ag g~egate sum mentioned in said promissory note thrn re~naining unpa~d, with interest accrued, and all moneya srcured hereby, shall betome d:u and pay aale torthwith, o~ thereafter, at the oprion of said MOR7GAGEE, as (ully and comp'.erety as ii atl of the said sums of money were a~ginally stipvtated to be pa~d on such day, anythirtg in sa:d prom~sswy note or in +his Mengage to Ihe contrary notwithsta~ding; and thereupon or thereafter at the opt~on of said MORTGAGEE, wrthout noi~ce or demand, su~t at law or in equity, therefore w ~hereatter begun, may be prosecuted as if all moneya secvred hereby nad matured"pnot to ~ts institution. 7. That i~ Ihe event that at the beginn~ng ot or at any tim~ pending any suit upon this Mort9age, or to foretlose i1, or fo refwm ir, or to e~fores payment of any daims he~eunder, said MORTGAGEE shall apply to the Court having ju~isd~uion thereof for the appointment oF a Receiver, such Court shail fo,rhwith appoinl a r~eivei of said mortgaged property all and singular, includ~ng all and singvlar the income, profits, issues ar.d reve~ues from ~n•hateve? source derived, each and every of wh~ch, it being expressly undentood, is hereby mortgaged as if spec~fically set fwth and described in the granting and ' habendum ctauus hereof, and such Receiver shail have atl the broad and effecrive funct,ons and powen in anywise entrusted by a Cou.t to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of abso:ute r~gh1 to said MORTGAGEE, and without referEnce to the adrquacy a inadequacy of the value of ~he property mortgaged or to the so:ve~cy w inaoivency ot said MORIGA(',OR w the defendants, and that such renfs, profits, intome, iuues and revenues nhalt be appl~ed by.such Receiver acco:d~ng to the lien w ea~uity of said MORTGAGEE and ~he practice of such e Court. 8. To duSy, promptly and fu!ly perform, discharge, execute, effect, complete, comply with and abide by each and every the stipu~ations, agreemenfs, conditiona and covenanu en said promisswy note and th;s mortgage set forth. 9. Tha1 in the ev.nt the owne~ship of the mortgaged prem+ses, or any part thereof, 6ecomes vested in a person other than ihe MORTGAGOR, the h'.ORTGAGEE, its successors and ass~gns, may, without not;ce to the NORTGAOR, deal with such successor or successw in interest wi~h reference fo this rrortgage a~d the deot hereby secured in the same manne~ as with 1Ao,rgago~ with~~t in any way vitiating o? d~uharg~ng the Mortgago~s' liability her~ under or upoo ihe debt hereby se:ured. No sale of the Frem~ses hereby mortgaged and no forbea ence on the pan of the l110RTGAGEE w iss successors cr assigns and no extension of the time for the payir.ent of the debt hereby secured given by the MORTGAGfE or its successws or atsigns, a~~al) operate ro reiease, dixharge, modify change or affect the original liab~l~ty of the MORTGAGOR }ie~ein, eithe? ie whole or in part. 10. If is specificaify agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligaYan x- cured hereby shal~ at a~y time thereafter be hetd to be a wa~ver of the terms hereof w of the instrument secured t~rby. 11. In add,tlo~ to Ihe forego'ng monthly paymants of priac pai and interest required by the prom~ssory nore secured hereby, mo~t~agor covenan?s ;nd agrees to pay to ma:tgagee v~.rth each mon1hiy payment an addirional 3um est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the ioL'ow- ~n_~. A-All real property taxes lev~~~ or assessrd agsi•ist the above desaibed r~al esta~e. ' B-Premiums on fi~e and wir.clzro+m insura~w as nere~n requ~:ed to be carr;ed on the ~mprovements s~tuate on the above described premises. C-Premivms on such mortg~ge gua~anty ir.surance as mortgagee shail from t~me to time deem fit to carry on the loan secured hereby. Nlortgagee sha!I from ti~ne to time notify mortga9or in writ~~g of the a~»ount due and payable herevnder and such sum shalt thereupon be due and : syable on the due date of tEe next~month:y payment and each successive monih thereafter urti! mortgagee shal) notify mortgagor of a change in suth , c~^ount. Such sums s~a;l be appf:ed by ortgagce tov:ard the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance , ~?miums. 1 WiiN EREOF, t id AhO~ GAGUR has hereunto set his har,d and sea! the day and year first aforesaid_ ~ al and livere t the ~ sence of: - ~ \ ~'?2.~./- l/ , Sesl) _ ames O. Peters c~an ~ _ (Senfl _ „ bfary H. P e s ~~n ' sraTe of F~oaion ~ ~ - i ° couvtt oF St . Luc i e ~ James O. Peters : Before me persooally appeared a~ ~ Mary N. Peters his wife, to me wetl known a~d known to me to be the individuais described in and who executed the foregoing instrument, and acknowledged befwe me that they ezecuted the same fw the purposes therein expresaed. And the said ~X )7 . Pe t er s riife af the said _ J~3IDQS 0. Peters upon a separate artd private exum~nat~on by me taken separate and apart from her said husbar,d, acknowledged to and before me that she executed said instrument freely ar.d voSun- tarily and w~thout any comp~ision, consrrainL apprehens~on, or fear of or f~om her said husband. WITNE55 my hand and offic~al seal this_ `j'~'`- day of February A. D. 19 74 ! ~4~-'`,t~.~tn i > „ o ! Notary PubGc in end tor the SIa1 f Ftorida st targe My Commiss+on expires: ; Return To; first Pederal Savings S Loan Assaciat~on Of Fo.t P erce. Ne}ary Pubtic, Sh?e of Rorido a! lorg~ Fort Pierce, Flor~d3 Mr Comm3~s:on Eapirss Oc~. 30, 1976 ILr % r~~Q~ {onded br Amcricon Fire 6 Cas~rottY Cq~ v _ • _ ' This Instrument Prepared ByJ. H. RobertsAL~r~L, ;~~C,)~pED ~ : Fi~st Federal Savings 8 Loan Association - - • ST.IUCIt :.~UtiTY FU. 1, ' of Fort Pierce , Florida ~ qti~t.,• ~'~tPAS ' ~ ; ~ Cl.ER~ : . . Uii CGURt = : Checked By F=~,-.' ; rc~ ~ED - ~ • ~ . ~ - _ _ - ~ ~ - J = - r; FE8 I I ,4 4Z QH ~ - ~i~ - e~:~ 2~3 PAGE~~ f' ~ i