The URL can be used to link to this page

Home My WebLink About2580 3. To place and coNinuously keep on 1he bui'd~~~gs now or he~ealter s:tuate on sa~d !and and a+ a~! equipm~nf ar,d personalty coverrd by this mo~Ig- sqe, with a~l premiums thereo~ pa:d in full, i~re insvrence ~n the ueua! s~andard poiicy torm, i~ a sum appro.rd by Nee MOR~GAGFF, and w~nJstarm insuro~ce in ths uwa! tra+~dard pot;cy foem, in a sum oppwved by the MORTGAGfE, in such company or companies as ~he h.ORTGAGEE may d'uect; a~d aIl fire and w~nds~orm ~nsuro~ce pol~c~es on any uf sa~d bu~ld~ngs, any ~nterest therein or parf ~hereof, in the agg~rya+e su~n afo.esa~d or in e~cceu thereof, shall confain the usual s~andard morrgagee dause or svch o~her clause si the Mo~lgayee may requ~re, making the 1o~s unJer ~a~d po1F' ues, ea<h and avery, payab:~ to sa~d h10RTGAGEE as its ~ntere~f .nay appea~, end each and every such policy shall be prompt~y as~ gnrd a~~8 deliverad to any held by :aid h10kTGAGEE as fu~ther security eo said mor~gage drbt, and, not itu lhan ren (10) days in advance of fhe eapiration of each po6cy, to dr liver to said AtORTGAGEE a rtnewal thereof, togNher wi~h a ~ece~pt for Ihr premium of such rene~wal; and thero shall he no Gre or windsro:m insurance plKed on any of said buitdings, ~ny intcrest therein or part thereof, unless in the form and with Ihe loss payabie as aforesaid; a~d in the event any sum of money becomes payabte under surh policy or pol~cies sa7d MORTGAGEE shall have the op?~or~ to receive a~d apply ~ha same on acco~nt of the ~~~dab~ed- neu secwed hereby w ro perm~~ sa~d M~RTGAGORS to receive and use it w any pari ~hrreof tor o:n._•r purp~seS, ~vnho~t ~hr~or ~~~~~~~7 or ~+~.po~r• in9 any equ~ty, lien w riqht under or by virtue of this mo:'gage; and in the event ta~d MORTGAGORS shall fo~ any roason fail lo keep 1he sa~d premises so inwred, w fail to deliver promptly any of said poLcirs of insurance to said MORiGAGEE, or fait promptly to pay fulty any pre•»~um therefw w in any respett lail ~o perform, d~scharge, eXecute, effect, complete, comply with and abide by this cavenant, a any part hrreof, sa~d MORTGaGfE may piace a.~d pay fw such insurance o~ any pa» the~eof withovl waiving or affecting any opnon, lien, equ~ty, or right under w by vinue of ~his Mongage, and the full amounl of each and every such payment shall be immediately due and payable and shal! bear interest from tha date rhereof until p~~d at the rate o1 ~ine pe? centum p~r annum and to3rther with wch i~terest ahati tx zecured by the lien of thif mortgage. To permit, commit or sufter no waste, impairment or detereo~ation of said property q any part tl,ereof. 5. To pay all and s~ngular the co:ts, charges and expenses, including a reasonable attwney i fee and costs of abstracts of title, incurred o~ pa~d at sny time by sa~d MORTGAG:E, because or in the event o( tha fa~lure o~ the part of the said MORTGAGOR to d~ty, promptly and fully pe~form, d~scharge. eaecvte, effect, complete, co~pty wuh and ab:de by each and every the s~~pulatrons, agreemen~s, conditions, and covenants of said prom~isory note and ~h1i mortqage any or e~ther, and sa~d costs, chargea and expenses, each and every, shall be immediately due and payable; whether w not there be notice dr mand, attempt to colfecf or suif pend;ng; and the full amount of each and e~ery such payment s~all bear interes~ from the date ihereof until paid ai the ~ate oI nine pet centum per an,~um; an~ all said CUSiS, charges and expenses incurred w paid, toge~her w~~h such interest, shatl be setured by the I~en of this mortgage. b. That (a) in the eveM of any breach ot this Mwtgage w defzult on the parl of the MORiGAGOR, or (b) in the event any of sa+d sums of money herein referred to be not promptly and fully paid wiihin th~rty ;30) days next aiter the same se~e~a:~y become due artd payable, wiiho~t demand or no:ice. or (c) in tht event each and every the stipulasions, agreements, tor,drtions and covenants o! sa.d promissory note and th~s mortgage any pr either are not ~uly, promptly and futly performed, d.xhargzd, executed, effected, completed, complied with and abided Sy, Ihen in e~ther or any such event the sa~d ag gregate sum mentioned in said p~omissory note then rema~ning unpaid, with interesti accrued, and atl rnoneys secured hereby, shall become due and pay- able fo~thwith, or thereafter, at the opt~on of said MOR7GAGEE, as fuily arxl completety as if alt of rhe said sums of money were or;ginally stlpu:ated to be paid on such day, anything in sa:d pro:n~s:cry note or in this Mortgage to the contrary notwitha~and~ng; and thereupon or thereaftzr at the opt~on of said MORTGAGEE, w~thout norice or demand, s~it at law or in equ~ty, therefore or therrafier begun, may be prosecuted as if afl moneys secured hereby had matured pnor to ~ts instiruteon. 7_ That irt the even! that at rhe beginn~ng of or at any time pending any suit upon this Mortgage, a to fwetlose it, or to reform it, or to enforce payment of any tlaims hereunder, said MORTGAGEE shall apply to the Covrt hav~ng jur~sd~ct~c+n thereof for the appo~ntment of a Receiver, such Court s~ail forlhwith appoiM a receiver of said mortgaged property all a~d singular, inc;ud~ng aN ae~d s~ngutar ~he ;ncome, profits, issues ard revenues from whetever source derived, each and every of wh~ch, It be~og expressly understood, is herFoy morrgaged as if spec~(~caliy set iorth and descr~bed in the g~aniing and habendum cla~ses hereof, and such Receiver sha~I have all the broad a+td effeurve f~na:ons and po~vers in anyw~se entruscrd by a Court to a Rec~iver, ar,d such appoinrmem shal{ be made by such Court as an admitted equ~ty and a matter of absolute nght to said MORiGAGEE, and without refere~ce to the sdequacy a inadequacy Of the value of the property mo~tgaged or te the so:vency or insoivency of said A10RTGAGOR w the defendants, and t6at wch rents, profits, income, issues and revenues shalt be app~ied by such Receiver accordu~g 1o fbe lien or equity of said MORTGAGEE and the pradice of such Court. 8. To duly, promptty and fully perform, d~scharge, execule, effect, complete, comp~y we~h and abide by each and every the stipulations, agreements, conditions and tovenants in sa~d promisso:y note and this mortgage set forth. 9. That in the eve~t fhe ownership of rhe morrgaged premises, or any pa~t thereof, becanes vested in a person other than the MORTGAGOR, tF+e MORTGAGEE, its successors and ass~gns, may, wifhout nctice to the A10RTGAOR, deal w~rh such successor or successor in irtterest w~~h reference to this mortgage and the debt hereby secured in the same manner as wiih hlortyagor w~thout in any way vit~ating or d~zcharg~ng the ~lorrgagors' liability here- under or upon the deb~ hereby secured. No sa!e of the Fre.nises hereby mortgaged and no forbearance on the part of the I/SORTGAGEE or its sutcessors or assigns ar.d no exte~sion ot the nme for the payment of the debt hereby sec~red given by the MORTGAGEE or its succesaora or assigns, a~~alt operate to reiease, dascharge, mod~fy char.ge or affecr ihe original liabiny of the 1.50RIGAGOR herein, either in whole or in part. 10. It is speuficsl)y agreed that t~me is of the essence of this contract and that no waiver oi any obligat~on hereunder or oi the o6ligation se- cured hereby shal{ at any time thereafter be he:d to be a wa~+er of the terms hereof or oi-the insvumem secured herby. ~ Il. In add.tioo to ihe forega~~g month"y payar,~nts of p~inc paf and interest required by tFe p+om;ssory nare secured herrb~r, mortgagor tovenants and agrees to pay ro mo:tgagee w,i:h eacfi month;y pa~. ,ent an ;dd.r~onai svm est:n:ated by mortgagee to be eq~al to 1; 12 of t;~e annua! cost of the follow- irg: A-Att rea: property taaas t~~vie~ or ar^ssed agei•~st she above desaibsd rea! estate. S-PfC.T.IJ'TS on fire and wir.dsto~m +nsvra~~ce as here~n reG~~;red to be ca~ried o~~ the Improvements s~tuate on the above d_scribed premises. C-Prem~;rms on such mortg,ge gvaranty ir.swa~.ce a: mo~rgagee sha;l frcT t me to time deem fit to tarry on the Soan sewred hereby. Moatgagee sha!t from fime to t~me noNfy mortgagor ~n writ~ng of the amou~t due and payab~e hereunder and wch wm shaii thereupon be due ar.d payable on the d~e date uf the next monrh:y payment and each svccessive month thereaiter ur.tit morfgagee shall notity mortgagor of a change in such amount. $~ch svms sF.a~l be applied by morrga~•.e towa~d the payment of real property taxes, insurante prem;ums, and mortgage guaranty insurance premiums. - IN Y~IiNESS Y~l1:R~OF, the said MORTGAGOR has hereunto set his hand a~d seai the day and year first for said.~ ~ Signed, Sealed and delivered ' the presence of: ~ i1LL~it.~i' Es~:.JRaE'd! Seai) , ~ $'f.~1ttC~£ G~ui17K ~L#. Mi t n_ Diamond cseap ~ ? ` Q1.E X~~i.i ~~•T~^1 jl1R . f`=~~ ~ (Seal) ~ - prf,,,_-„ .,x ~i+:~_ , 121ian Diamonc4 L I ~i~ll~-1 (Seal) I STATE OF FLORIDA 9~~~~~ couNnr oF St. (.ucie ~ 2'~46ti Befwe me personal?y appeared ~'filton Diamond ~ and Lilli311 Diamond his wife, to me well k~own and knovin to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes ~herein exprcised. And the said _ L1LL1c121 Diamond • wife of the sa:d Mil.ton D2amond upon a separate and private exam~nat~on by me taken separate and apart from her said hutband, atknowledged to and before me that she executed said instrument freely and volun- tarily and w~rhout any compulsion, co:~srra~nt, apprehension, o fear of or from her said husband. " WITriESS my han~ and offiual seal this day of_ February A p 14 74 ~ . ~ Notary Putlic in and for the St of Florida at Large Return To: My Commission expirea: First Federal $avings S Loa~ Associat.on No~o~Y pu4i!;~, S'dte of flo•ido ct 10~3~ Of Fort P:f;ee e Com:~+:sz~or. Expi~ss Cci. 32 1476 Fort ~ierce. F,or:da r.i: un `::e t. Ca>u~itY gpnied b% ,~..;~.ueU~~~~~~/`, . ± CJ,:=• ,~i~ . ~ ~ ~ ~ : ' ~~i ~ . This Instrument Pre ared B - . P Y J. H. Rober t s, Jr . ;;J•: First Federal Savings & loan Association . ; - - : , = ~ ~ of Fort Pierce , Flor ida t_ r`~ J! w= ,t v t~ ' - Checked By _ _ f ~ ` ~ <<= . . Q ~ ~ "='.t 2~3 PAGE~~vO ~`'~~i~rrtrtt:u~t`'~~