The URL can be used to link to this page

Home My WebLink About2822 , ~ , 3. To plac~ and con~inuously keep a? ~h~ build;nqs now or hena(f~r situ~t~ on taid la~d and on +II equipmenl and q~sonally covered by tAit ma~~ } ay~„ with ~11 pr~miums thHeon pa~d in lull, (ire ins~r~nc~ i~ the usual ~tandard policy fam. in • ~um approvsd by tM MORiGAGEE. and wind~~orm ~ inwrux~ in the uswl stand~rd policy faep ln + sum ~pprov~d by tM MORTGAGEE. in such co~+P+~+Y a~«^P+^~~ MORTGAGEE m~y direc~; and all fire and w~~dilo.m insuranc~ polic:es on any oi i~id buiW~nps, ~ny Inter~~~ th~rein or parl tl+~~eof, in tM ~yy~eqat~ sum ~fa~Hid or i in ~xcss~ thereal. ihall coN~in tM uival uand~rd matys9a~ clause a such otF~ clavs~ ai tM Malpay~e may ~equir~, makir+p tht {ou u+~der sa~d po14 , cih, e+ch and ~very, payable ro said MORTGAGEE as its intereit may app~+r, and each and wery tuch policy zhall k» p~ompUY +u•9^cd +"d d~~'vered ~o 3 •ny heW by uid MORTGAGEE ~s fv~ther securiry to said mortya~e deb1, and, not leu 1F?~n ten (10) days in advance of the axpiralion of each pollcy. to da ~ liwr lo said MORTGAGEE a rsnewa) thereof, Io~e~Fvr with a receipf fw the pnmium of s~ch ~enewal; and thar~ tiMll b~ no 1~~~ or wind~~orm insw+~ct ~ pl~csd a+ any of sa7d buildings, any intersst thereln or part the~eo(, unleu in ~M form a~d with Ih~ lou paYabl~ +i afaesatd: ~nd in tFa event a~y sun+ , of mon~y become~ paY+ble u~de~ such policy o~ pol~cies s~id AIORTGAGEE shall Mve the option to receive and apply tM same on account of tM indebted- ~ nes~ setured hxsby o~ ro permit sa~d MORTGAGORS ro ~eteiw and ute it a+~y part thereof fw othcr purposes, w~~hou1 lhereb~ waiviny o~ ~mpair- . ing any equ~ty, lisn or right under or by vi~tus of this mo:tflape; and in the ~veM said MORTGAGORS shall (w a~y reason fail to keep the ~a~d Wemiies so in~~red: w iail fo delive~ promptly any of said policfes of insuranc~ to said MORTGAGEE, w fail promptly to pay futly any premium there(or w G+ any respea tail b pKiam, discharge, executs. e(fec1, compbte. comp~y wirh aod +bids by this covenant, a any part Mreoi, wid MORTGAGEE may place snd paY iw ~uch insvrance or +ny p~n thereoF without waivin9 or ~ffectinp uhr op~ion. lien. p~ity, w right under w by virtw of thii Ma~gsge. and the full ~mo~nt oi each a~d every ivch paymem shatl be immediately dw and payabk and shall be~r intereil from ths dats 1he~eof until paid at the ~ate oi ` nine per centum psr annum end toyether with suth interest shail be setured by 1he lier? of thit mottgaye. ~ To permit, commit or suffer ~o waste, impairment or ckteriaation of uid property or ~ny part thereof. S. To pay all a~d sirq~lx tM cos~s, cha~pes ~nd expen~cs, includi~+p s ~easo~?abie sfto~ney's fae s:+d costt of sba~rads of titls, incurred or paid at ~ any time by said MORTGAGEE, becavss a in the ?venl of tM failure on ths pan of the said MORTGAGOR to duly, promp~~y +nd fvlly periwrre, d~xhargR exec~te, e(fett, tomplete, comply with end abide by each and every the itipulalions, ayreements, caxlitiwu, ~~d covenan?s of iaid p~om~swry ~ote and this 3 mortgage any or either. and said costs, chuges and expenses. esch and every, sh+ll bs immediately due +~d p+yable: whether w not there b~ notice da mand, altempt to collect or ivit pending; and ~he full amouM of each snd wery s~?ch paymeM shall bea? interest trom the date thsreof until p~id N the rate of nioe pcr ce~tum pe~ a~wm; and aff said costs, charges and expenses int~rrad or paid. ~ogather w~th such intere~t, shall be setured by the liet~ of thit mort9sgs. 6. That (e) in the event of any bieach of tF~is Mortgsge ar defavlt on the part of tM MORTGAGOR, w(b) in the event any of said sums of mo~ey herein ~efared to bs not promptly and fully paid within thirty (30) days nexf aiter 1he same severally bttome dw and payabte, without demend w notice, ~ or (rJ in the eveM each u+d every ~he stipulatio~s, a9~eemems. conditions and covenants of sa~d promiuory ~ote and th;s matpa~e any a either are not ~uly, {xompify and fully perfamed, d;uFargee~, executed, effected, completed, complied with and abided by, the~ in either or ~ny such evem 1he s+id a~ gregate sum mentaned in ssid promissory note then remaining unpa~d, with interest accrued, and all moneys sea+red hereby, ahalt betome due and p~y- ~ able fwthwith, w Shereafter, ~t the option of said MORTGAGEE, as fully and comple~eiy as ii all of the said wms of money were originally sNpulated s ro be paid on such day, anything in said p~omiuory note a in this Mortgage to ~he contrary notwithstsnding; and the~eupon or thereaiter ~t the op~~on of sa~d NWRTGAGEE, without notice a demand, suit at law or in equity, thcrefore or thereaher begun, may be prosctuted as if ~II nwney~ secured hereby nad matured pnw to its institution. ! 7. That in tha svent that st the beginning of or at sey time pending any wit upon thia Mwtgsge, w to faeclose it, w to refwm it, o? to enfwce payrnent of sny claimi here~nder, said A10RTGAGEE ahall apply to the Cour1 h+v~ng jurisdiction thereof 1w the appantmeM of s Rtceive~, such Goun shall forfhwith sppoint a receiver of said mortgaged propertY alI and singulsr, inclvd~ng alt and si~gulu the income, profifs, issues and revenues from whate~er ~ source derived, eath and every of which, it being expressly understood, is Aereby mor~gaged as if iptcifically set fath and destribed in 1he yr~nting snd habendum cla~ses hereof, and such Receivcr shall have sfl the broad and eftective funct;ons and powtrs in a~ywise entrusted by ~ Cou~f to a Reteiver, and i s~ch appointment shall be made by such Court as an admitted eq~rity and a ma~tcr of absolute r~ght to said MORTGAGEE, and without refere+xe to the edequacy o~ inadequacy of the value oi the property mwlgayed or to the sohrency or insolvency oi said MORiGAGOR a ihe defendants, and that fvch rents, proiits, income, iuues and revenues ahall be apptied by such Reteiver according to the lien or equity of said MORTGAGEE and the prattite of such : i Court. - 8. To duly, promplly arsd fully perform, dixharge, execute, eifect, complete, comply wi~h and abide by each and every the stipulat~ons, sgreements, ' conditions and covenants in said promiuory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged preo+ises. or ~nl? Pa~t thereof, bece"'es vested in a person other fha~ the MORTGAGOR, the ARORTGAGEf, its succeuors and assigns, may, withwit no~ice to the MORTGAOR, deal with such successor w successor in Interest with reference to this mortgsge and the debt hereby secured in the same manner as w~th Mortgagor without in any way vitiati~g or diuhargir?g the Mwtgagors' li+biliry herr under or upon the debt hereby secu~rd. No ss~e of the premixs hereby mortgaged and no fwbeara~ce on Ihe pan of the MORTGAGEE w its successon or assigns and no extension of the time 1w the paYme^t of the debt nereby secu~ed given by the MORTGAGEE or its successors w auigns, shall operate ro reieau, disth+r9e, modify change w affect tht ori9inal liabi{iry of tht MORTGAGOR herein, either in whole or in psrt. 10. It b spec~fically agreed thst time is of the essence of this contract and that oo wsiver of any obl'~gstion hereunder or of the obligaYan se- cured hereby shall at apy time thereafter be held to be a waiver of the ferms hereof p of the instrumeM secured herby. 11. In addition to tha iwego:ng monthty payments of princ:pal and imerest reqvired by the promiuory note sec~red hereby, mortgago~ covenants and agrees to pay to mortgagee with each monthfy pay~nent an addi~ional sum estimated by mortgagee to be eqval to 1 j 12 of the annual cost of the follow- ing: A-All rea) properry taxes levied or assessed against the above described real estata ~ B-Premiums on fire snd windstorm insurer.ce as herein requ~red to be carried on the improvements situate on tF~e above described premises. C-Premiuma on such rrswtgage gvaranty ir.su:ar.ce as mortgagee shal! from t~me to time deem fit to csrcy o~ the loan secured hereby. Mortgagee shall 4rom time to t~me notify mwtgagor i~ writing of the aawum due snd payabfe hereund4~ and such sum shall thereupon be due and ~ payable on the due date of the next montF~?y payment and each successive month thereafter ur,til mortgagee shall notify mortgagw of a change in such i ~mounr. Such sums shali be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and rtwrigage g~aranty insurance I p~emiurttt. ~ f IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first sforesaid. E Signed. Sealed and delivered in the preser.ce of: if'~ <`~~j~~.,''a.J r <7' ~c.,q . TIt01a3 R. O~CO D@ll s s0 ~ i.Cl~. , ~ , J sephine E. O'Connell ~.an i STATE OF fIORIDA ! F St. Lucie ~ ~ couNn oF e~t«~ ~„e persona~~y appeared ~~as F. O'ConneZl a„d Joaephine E. ~~COJ1llell his wife, to me well known and known to me to be the individuals desvibed in and who eaetuted the foregoing instrument, and acknowledged before me that they executeQ the same for the purposes rhe~ein expressed. And the said Josephine E. ~~COMell _ 1 wife of the said rn~a s F• ~~COAi1e11 _ _ upon • sepsrate and privste exarnination by me taken separate and apart from her said husband, ackrawledged ro and before me that she executed sa~d inat~ument freely and volvo- rari~y and without sny compulsion, constraiM, spprehertsJio~n( o~r fesr of w from he? said husband. WtTNESS my Mnd `aod yffitisl seal this day of AQYil - A. D. 19 74 tN1U11J~~~/':',_T ~ , - ~ : • t ~ ~~~I ~ - . Notary Public in snd for State of florida at lerye ~l~: My Gommiuiw~ expires: V • , ~ ~efvm Ta . . v,~ ~ . ~ 1 b Firs7 'f~der~~vings a Losh /wf ~Aon _ : ~ ~ f Fort P~ercG • a Q~ f`A- e~ ~ _ ~ ~_r • • ~,Ci % : fL t Vierce. I di ~HD 1i` i % - : ~ u 3 L ~ ~ : ~L~~ . - f 11.E~C~E ~ R~S ` ~ :'c~j; , t~.•:; if S.~• RpGEAt' Jp~,~ CO~Rj t ~.,~~~,~T` ....::.ss~~.' ins FCn4GVE~~ `tiE0 ~ _ Thi4'~i+nst~urnelit Prepared By ~ John W. Coll p 8~ 1~ First Federal Savings ~ Loan ~s~irida ~ 7`O 4 ~ of Fort Pierce . ~ ~ 2'78~~'~ , ~ Checked By i ; 60GI(2~~ PACE~p~,s - ~ j " _ F r ..~-r~ ~.E-~-~r, = ~ . ~ ~z ~ ~ ~'";i - _