The URL can be used to link to this page

Home My WebLink About1554 3. To pL~cr a:~d io~~i~~~„o~s1~ kt:p on tr,c• ~..~.d,• ~e now or f~F•reafter a.~~a~e on sa~d land and on a1; .,q~~F•n~rm and pe~sona~ly tovcr~d by ihi! mortg- p~, w~th al) premiumt thereon pad ~n ful!, 1=~e ine~~a~~ie in the usuei s~~<<~.+~d po~~er lorm, ~n a wm aywo+rd by Ihe 1dUk~vAGEE, and w~~~Ja~o~m insuranta in ihe usuil 14inuar~J poLcy fo~m, in s su+n appro~ed by ihe MURiGAGfE, in {utF1 canpeny o~ tompan~et aS the M.ORiGAGEE m~V d;recl; and all fi~e ard v~~ndsw~m ~niurance poG:.es on any of sa~d bu~~d~~gs, any lmera~~ tAe~ein or part lhereol, in 1he agg~oga~e t~m atoresaid w ~ in eacesi thcveof, ~hall conl~in Ihe usual s~a~~dard mor+gagre claute or such other clause as the Mo~~gayte m,?y rrquus. ~~+k~~9 ~?K ~o» ~'~~rr •i~d poli- ~ cias, each and evary, pa;ay!e ~o sa~d A'.JRiGAGEE as its ~nier~•s~ nj.+y ap~xar, a~~d each and every such po!~ty shell lx promplly afs g+~rd a~~d de~~.~«~d ~e any held by seid MORTGAGEE as F~r~her s:cur~ty ro sa~d mut~gege debt, and, oot !ess ?han 1en (101 days in advance of ihe exp~rat~on of each pol~ty, to dr live~ ro said MORiGAGEE a renewol fhereol, toge~har wiN~ a recr~pt tor the p~nmwm o( such ronNwo~: a~~d thero shull be rw f~re o~ w~nds~orm insuranc~ • plKed o~ any of said buildi~~ys, •ny ~n~eres~ therein w pa~~ thereof, unfesa in ~he fa~m a~~d with the ~oss payaLle as aforeseid; and in the event any sum + of mo~ey becomas parab~e under iuch policy o+ po~~c~es s.+~d MORTGAGEE a1~..U have ihe opt~on lo rrcr~ve and app~y the sane on accou~~~ oF the inJebted- , neu secured hereby o~ to pcnnit si~d IhURTGAGORS to rccc~ve and use it a any part Ihereof for o.m r Hur;.oses, v.~ih.~t th ur wa~•~'~~ o~ • iny any equ~ty, lien w rigf~t unde~ or by rirtue of thia rno*!gage; a~~d in Ihe eve~~t se~d MORTGAGORS shali for any reawn iait to k~~ep the said p~emis_s so insured, or fail to drliver pranpfly +ny of sa~d po~K~es of ~osurance to sa~d MORTGAGEE, w fait promptly to pay fully any premwm therefw or in a~~ retpect fail to perfwm, d~schorge, eY~•cute, effect, canpte~e, compiy with and abide by this covenant, or any p.,rt h~reoi, seid MGRiGAGEE msy p~ate a~~d • pay fw such insurence or any par~ thereof w~thout wa~~ing w a(feshny any op~~on, Grn, equ~ty, w ngFd under o~ by v+rwa of ~his A1or~gege, and the ~ f~ll amount ot each a~~d e.try such payment sha~f !x ia~med~ateiy d~e and payaLte and shall baar interts~ from tha date Ihcreo( until pa~d at the ra~e ol nine per centum per annv~n and to~rtl~„r w~th such i~ueresr fhoi~ be s~cured by the lie~ ot this rtw~tgage. 1, To permit, tommit or suffer no waste, i~r.pairment or deter~ora~~on oi said property or any part 1herMf. 5. To pay all and singular the custs, cha~ges and expen~es, ~ndcdir~g a reasonable attwney's fee and costs oF aDstracts of title, i~c~rred or paid at any lime by wid MORTGAGEE, because a in the event of the fa~Iure on the par? of the said MORiGAGOR to duly, pro+nptiy and fu~~y per~orm, d~scharge, >xecute, e{~ecf, tanp!ete, canply wnh and ab:de by each and evcry the stipulat~ons, ag+ee~nants, conditions, and covenants o~ sa~d promiswry note a~d this mortgage any w e=ther, and sa:d cosb, chargrs a~d expenses, each and every, shall be imn~ed,a~ely due and ~ayable; whe~her w ~ot the:e be no~ite d~ mand, attempt to collect or suit pe~d~ng; aixl the tull amouN o{ each and every such payment shall bea. interest from the date thereof uMil paid af Ihe rate o! nine per canrum an,w:n; ~II sa~d costs, cr,aryes a~~d ea;.enses ~rxurred o~ paid, toye~her u~~lh such inter~st, shal! be secured by the Gen of this mottgage. _ h. That (a) in the event of any breach of this l~lorigage or dr{ault on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of monty herein referred to be not promptly and fu11y pa~d w~thin thhty (301 days nex~ att~r the same severa:ty becomr due and payab!e, wi~hout demand o? notice, or (c) in the e~•ent each and every ihe st~pu~~r~ons, ayreements, cor,d~tio~~s and covenan~s of sa d prom;ssory noee and th~s martyagr a~y o~ e~ther are nol ~uly, promptly and f~Ity perto:med, d.scharged, execue~~d, effecred, comp~efed, comp~~ed with and ab~ded Sy, then in e~ther or any svch event Ihe said ag gregate sum ment~oned in said prom~sswy note then remaining unpa~d, with interes~ accrued, and ail monrys secured hereby, shalt become due and pay- able for~hwith, o~ thereaiter, at the opfio~ of said A10RTGAGEE, as iuily ard completety as if all of the sa~d sums of money were a~ginalty stipulated to be pa:d on such day, anyth~~g in sa:d prom~sswy nate or in th~s Mwtgage to the confrary net.vithstandu~g; and there~pon w theteaitet a1 the opt~on of sa:d MORTGAGEE, w~rhout notice or demand, su~t at law or in eq~dy, therefore or thereahe? beg~n, may be prose.uted as if all moneys secured he~eby nad matured p~~w to ns institution. 7. That in the event tha~ at the~eginn~ng of or at any time pending any su;t upon this Mo~tgage, w to foredose it, or to reform if, or to enforce paymeM of any cla~ms hereunder, sa~d A40RTGAGEE shal? appty to the Court having jur~~d:ction thereof for the appointment of a Receiver, such Court shall forthwith ap~~m a receiver of satd mortgaged property all and s~ngu:ar, includ.~g ail and singuiar the income, prof~ts, iswes and revenues from whatever source derived, each end every of wh~ch, ii be~ng expressty unde~s~ocd, is he«Ly neortgaged as if spec~f~cafty set fo~th and dexribed in the granting and habendum clavses hereof, and svch Receiver shail have ail ihe br~ad and efiecr~ve funct~ons and pov+ers in anyw~se entrusted by a Court to a Receiver, and ~~ch appoiMment shalt be made by such Cou:t as an admitted equify and a n+atter of absolute r~yht to said A.ORiGAGEE, and without reference to the adequaq or inadequacy of tne va~ue of thr property mortgaged or to the so.vrncy or inscive«~y of sa~d MOR~GAGOR or the defendants, and that such rems, profirs, ircane, issues and revenues sha~i be appi~ed by such Receive~ accorou~g ta the Sien or eqwfy o1 safd MORiGAGEE and the practice of such CouA. 8_ To d~~y, promptty and fuf!y perform, d~scharge, e,cecute, effect, comp!ete, comply with ar.d ab;de by each and every the stipulations, agreements, cond~tions and cuvenants m sa~d prom~sso:y note ar,d th's murtgage set forth. 9. That in the eve~t the o-+ynersh~p of the morfgaged prem~ses, or any part thcreof, becomes vested in a pe~son other than the MORTGAGJR, the MORTGAGEE, its successors and ass~gns, may, w~thovt nc'~ce to the N.ORTGAOR, dral wlth such sutcessor w successor in iMerest with reference to this n:ortgage and the d~bt hereby secu~ed in t4e same monner as w~sh h'ortgago: w~thout in any way vit+a+ing or d:scharging the Mortgagori (iability here- under or upo~ the debt h~rebi sc:ured. No saie of tl~e Fre~nises iie:eby mor~gaged end ~o forbearance on the part of the MORTGAGEE w its successors or assigns and no eztens~on of the time ior the paymem of ?F.e debi here5y secwed g:ve~ by the MORTGAGEE or its successa~ or ass~9nz, ahall operate ro reiease, d~scharge, mod~fy change or affect she orig~nal l~ab:Lry of the MORiGAGOR t~ere~n, either in whoie or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obi~gation hereunder or of the obigation se- cured hereby ihatl at any time ehereaher be hcSd to be a wai.er of the terms hereof w oi the instrument sEC~red herby. 11. In add.t~e~ to the ferego n9 mon:h?y paym~nts of p+inc pal artd intrrest req~ired by ihe prom:ssory no!e secured he+eby, mortgagor eov~nants and aar~es ro pay to mort~agee ~n~~h eacfi mo+ethiy pay~ :ent an addnional sum es!::~~a~ed by mortgagee to be egual to 1;' 12 of tne annual tost of the follow- ing: A-All real pro;,erty taaes le~~c~ or ass~~sseci ayai•~st ti~c a~:ove described real estate. B-Premums en i:re and windsro:~n mwr;rce as he:e~n requ~red ro b carr~•_-d en the im~rovements s~tuat~ on the above d~scribed premises. ' C-Pre~n~unu on svch mortg~ge guare^ty ~r.i~}ra~~.e as mo~tgagee sha{I fro:n t~~me to time deem fit to carry on the (oan secured hereby. Mortgagee sha'.I frcm time to ti~~e r•a:if; mertgogvr m w:itir.g of the amount due and payable hereunder and such sum shall thereupon be due and ~ ;~yable on the d~e o.~'e of rhe next r.~onthiy paymnnt and e.,ch successivr mo+~th thereafte~ ur,tel mortgagee shalt notify mortgagor of a change in suth ' a~^.o~nt. 5vch s~ms s~aii ce app~ied by mo~tgagee tovra~d sh~ Nayment of reat proFerty taxes, insurance prem.ums, r~~d morlgage guaranty insurance ~ ~remi~m3. ~ IN i'JITNESS ::H~REOF, the said :40RTGAGOw^ has hereunto set his hand and seal the day and yea ' st aforesaid. ~ 3 Signed, Seaied and defiv p!esence o!: g / y Sean 4 , - _ B t R 11 sn , • cseaq _ (Seal) SiATE Of FtORIDA - ! - ST . WCIB ~ ss. ~OUNTY OF Before me ~~sonanr appe~red Bett~ F. Caapb¢11 joined by her husband, Cory L. Ca4vbell.JY. _ , to me well known a~d known fo me to be tha individuais descr:bed in and wfio executed the foregoing instrument, and acknowiedged before me that they executed the same for the purposes ~h~rein expressed. And the said ~tt~[ r' . Caapbell wiFe of the said _ COZy L Canj,~bell~ .Jl' uport a separate aod ptivate exam~nat;o~ by me taken separate arr! apart from her said husband, acknowledged to and before me that she executed said i~strument freeiy and volun- tarily and w~thout any compulsion, corstraint, apprehens~ a or fear of or from her said husband. WITNESS my hand and off~cial seal this__ a~ day of ~dZCh A. D. 19~_ f~~f R~:~'!~-~;Y F~a Pubtic i~ •tor State of Fbrida at Large A. ` st. `(y~ic : ~tiN F~$ My Comm~ssion expirer. ~ , P;c~ Rei~m To: ~O°~~ vr~~RT Fint Federal Saviags b loan Associ~t:on CLr" ~ v ~ ~ fG~'~~ Netary f~6ia S~o~e ef Rerida ot lerg~ w ~r o.r P.._.ce. PF ~ ~ Mr Coinwrssien Eape~s Oe!. 3~. 147~ For. P~rrce, ficrida ' 1~~ bonded by Am~rieoo Fin 3 GosvoHy_Co~ •r ' ~ _ , ~ . ` v . ~ Th~s Instrurnent Prepared By Willia?m J. Rorbes i?~ First Federal Savings & Loan Association : _ ~ C , : of Fort Pierce , Florida : : ° ~C • ~ : 'a = ~ •tu: ' Checked By ~ % ~ u.,a_ : ~ r . ~ v ~i~ : ~ a~~. ~0~~?5 P~~E~552 ~ _ ~ ~ _ . _ - _ - ,~Y - ' - ~ - - :'7 _ ~ ~~__~s ~ " _