The URL can be used to link to this page

Home My WebLink About1434 3. To ptsce and con~in~ously keep on the b~i'J~+.gs noH or he~eafter ~~wate on se:d land and on alI eq~ipment ar.d prrso~a!~y covered by th~s moreg- egs, with atl prem~ums ~harco~ pa.d ~n fu~~. ~~~e ins~rance ~~~e ~sual sra~Klard po!~cy form, in a sum app~ored by thr MORiv%.uEE, ar•d w~~dst~nn msurance in the usual t~andard poi•cy lo~m, in a sum approved by the A10R~GAGEE, in such company o~ tompan~es as the MORTGAGEE may direcr, and all firo ar.d w~ndsrorm ~rtsurance pol~c~es on any of said bui:d~ngs, sny imere~l therein or parl thereol, in the aggregaTe sum a+o~esa~d ot in excess thereof, ihall conrain ~he usuai sta~~dord rnwtqagre uause w iuch otlxr claust as the Mo~tgagee may requ~ro, makiny ~he ~oss unde~ sa~d po~i- c+es, eac6 and every, pay~b:e ~o sa~d MJRiGAGEE as as inieras~ may appear, and each and every suth potit{ ~fiafl 1~ promptly aas gned a~~d del~verrd to any heW by said MORIGAGFE as f~~~hrr secui~ty te sa~d mwtgage drbt, and, not les~ than ten (IOi days in. adlance of the exp~raGon of eacn {w~~cY. to de- Irver to said MORTGAGEE a rc~ewai thereof, ~oge~her with a receipt for the premwm oi tuch renewal; and ~here shall be no i~re o~ wh~dsto~~n insurance placed on any of said bui~dings, any inte~eq there~n or part the~eoi, unless i~ ~he form ar~d with the loss payable as afo~esaid; snd in the erenl any sum of money becane~ payab(e under such poGcy o~ po6cies seid MORTGAGEE shall have ~he opno~ to receive and apply the same on account o( the inJebtrd- ness secured hereby or to perm~t sa~d 1ApRTGAGORS to cecri~e and use it o~ any pa~t thercof Ior o:~je~ purE~osri, 1•,~~t,.~t ~h,.~~~ .v•-~•~ ~+'~P~~" ing any equ~ty, lien a r~ght u~der or by virtue o1 this mo::gage; and in Ihe event sa:d MORTGAGORS shall for a~y reason fail to keep the sa~d p~c~n~s:s so insured, or (ail 1o del+ver promptly a~y of s,+~d pol~cies of iniurance to sa;d MORIGAGEE, o~ fa~l promptly to pay f~1ty any prem~u~n theiefo~ or in a~Y respect fail ro pe~fam, d~acharge, execute, eHect, comp:ete, comply w~th aod abide by this covenant, d any parf hrreof, sa~d MORTGAGEE may p~acr a~~d pay fa such inaurance o? any part thereof w~tho~t waiving w af(ecting any opt~on, Iien, equ~ty, or r~ght under w b~ virtue of fhis Moitg~ge, ar.d the f~ll amount oi each and every sucfi payment shall be immediate~y due and payable and shall bear interest from tho date thereof until poid at the rate ol n~ne per centum per ann~m and to~ather with such interest shafi be src~red by the Gen of this matgage. 1. To permit, commit or su(itr no waste, impairment o~ deterioration of sa~d property or sny part thereof. 5. To pay all and singvlar the costs, charges and expenses, inciuding a ~easonable attaney's fee and costs of abstracts of t~tle, incurred o~ paid at nny time by sa~d MORiGAGfE, because or in the event o) the fa~lure on ehe par~ oi the said MORTGAGOR to duly, pranptly and futiy pe~form, d~schargz, e.ecute, effect, comp~ete, comply w~th a~d ab:de by each and every the stipu~at~ons, agreements, conditions, and covenants of said prom~ssory note ar,d thi~ :r,wtgage any or e~eher, and sa~d costs, cha~ges and exFenses, each and eve~y. shall be immed~atrly due and payab!e; whether or not there be no~ice dr mand, attempt to collect w suit pend~ng; and the futl amouM of each and every such payment shall bea. interest from the date thereoi until paid al the r.ne of nine pe~ crntum per anu~m; a~i~ all said ccsts, chargea a~~d expe~:ses ~ncurred w paid. ~ogether wuh such ~nterest, shall be aecured by the lien of th~s mOrigage. 6_ That (a) in the event of any b~each ot this Mwtgage or defaulr on the part of the MORTGAGOR, w(b) in the event any of sa;d sums of money herein referred to be ~ot promptly and iully pa~d w~fhin th~rty (30) days next afrer the same severat:y brco~ie due and payable, vrithout demand or not~ce, o~ (c) in thr event each and every the stipuiat~ons, agree:nents, co~d~~ions and covenants of sa.d promissory note arx! th~s rt~ortgage any u ei~her are no1 ~~ly, promptly and f~liy performed, dncharged, executed, efiected, canpleted, complied with and ab~ded 5y, then in e~ther w any wch evem the said ag- greqate sum mentioned in sa~d promisao~y note then rema~ning unpaid, w+th interest accrued, and a~l moneys secured hereby, shail become due and pay ab:e (orthwith, or thereafter, at the opt~on of sa~d MORTGAGEE, as fully and comp~etety as ii a~l of the said sums of money were w~g~natly stipulated to be pe~d on such day, anything in sa.d prom~ssory ~ote or In th~s Mortgage ~o the contrary notwithatanding; and thereupon or thereafter a? the option of sa;d MORTGAGEE, without no~~ce o~ de~nand, suit at taw w in eqoily, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby n~d matured pnor to us insh!ution. 7. That in ~F+e e'vent rhat a~ the beg7n~~~g af or at any t~me pending any suit uFon this Mo.tgage, w to fo.edoae it, or to reform i~, or to enforce payment of any cla~ms hereunder, sa~d R!ORTGAGfE sha~l app~y to the Court having jurisd:c~ion the:eof fw fhe appointmeM of a Receiver, such Court shail ic:thwith appoint a rece~ver of said mortgaged property all and singular, includ,ng ail and singu~ar the income, p~ot~ts, issues and revenues from whatever s_v~ce de~ived, eacA and every of wh;ch, it being expreasty understeod, is hereby mortgaged as if spec~f~cally set for~h and described i~ the granting and h~bendum clauses hereof, and such Receiver shatl have a11 the broad and effecrive funct.ons and powers in anyw~se entrusted by a Court 1o a Receiver, and s..ch appointment shatl be made by s~ch Court as an rdmitted equity and a ma~te~ of absolure rigM to said MORTGAGEE, and withoul reference to the adequacy or inadequacy of the val~e of the prope~ty mor?gaged or to the so.vency w msotvency of sa~d MORTGAGOR or the defendants, and that svch re,rs, profits, income, isaues and revenues ahall be app:ied ty such Receiver accorduig to the lien or eq~ity of said MORTGAGEE and the practice of such Court. 8. To dv'y, promptly and fully pe~fo+m, discharge, execute, effect, complete, comply with and abide by each and every the stipulatio~s, agreements, conditions a~d tovenanfs in sa~d prom~ssory note and this mortgage set 4orth. 9. That in the e~ent the ownership of the mortgaged prem:ses, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the h10RTGAGEE, its wccesso•s and assigns, may, withovt no~i[e to the MCRTGAOR, deat N~fh such sutcessor or wccessor in inierest with reference to this n,o~rgage and the debt hereby secured in tne same m3nner as wrth lJlo~tgagor without in any ~vay vitiating or d~xharging the Mortgagori liability here- ~•nder w upon the deb+ bereby sewred. No s~te of ihe prem~ses hereby mortgaged and no forbea~a~ce on the part oi the N10RiGAGEE or its svccessors or assgns and no earer.s~on of the time 10~ rhe payment of the deb~ hereby secured given by the R50RTGAGEE or ~ts successors or au;gns, a~~all operate !o re!ease, d.scharge, modify change or affect the orig~nal liab~lity of the ARORTGAGOR Fxrein, either in whole or in part. 10. It is spec:fically agreed that time is of the essence of this contract and that no waiver of any obti9at~on hereunder or of Ihe obligation se- . c~red hereby sha:t at any time thereafter kx held to be a warver oF thr terma hereot or of the instr~ment secu~ed he~by. ~ ~ 11. In add.t;o~ to the forego ~~g ma~th!y paym=MS of princ pal and imerest required by the prom:sscry no!e secured here6l, morigagor covenants ~ i a•,d agrees to pay to mo:rgagee v+i~h ea:h monthEy payr:ent an add~~ional wm rst~ma~ed by mortgagee to be eq~al io 1; 12 of the annual cost of the follow- E :,;g: € A-Ail reaI property taxas ie.~_d or assessed agai•~st the abeve desr~bed real esta~e. ; g--prer~~u-ns on fire and vvir:dsto~m ~r.scrar.ce ~s here~n req~;red to be car~~ed on the :mproveme~ts s~rvate on the above dexribed premises. z - g C-Prem~ums o~ wch mort3age gueranty ~r.zurar.ce as mortgagee sF.all irar e me to t~rne deem fit to carry on the toan secured hereby. ' /dortgagee sha:l f.cro s~me ro rime r.orlfy m.crtyagor ~n w~~t~ng of the amou~t due and payable hereunder and such surn shall tnereupon be due and £ ,~;ab~e on the due cate ef the rtext month:y payment and each success~ve month thereafr~r ur.til matoagee shall notify mortgagor of a change in such ~ ount_ $u:h sums shaik 5e appiied 'oy mcrtgagee toward the payment of real property taxes, ~nsurance prem.ums, and mortgage guaranty insurance F o•emiums. ~ IN Y~IT"7ESS YIHEREOF, the sa~d A10RTGAvCR has hereunto set his hard and seal the day and y ar first aforesaid. ~ ~ Sgned, Sea:ed a:.d dz~+vered :n the p~esence of: ~ Seal) ~ - ~ - n ~i . m Jr . ~seaq ~ '/2~',~ ! ~ ~ (seat) ~ i,.ludith A. Farmer (Seal) ; ~ ' STATE OF fIORIDA ~ 55. ~ ~OUNTY Of C* ~ »Cl@ ( ~ Before me personally appeared John 1 Farmer .11 _ and ~ .Iudith A. Farmer i~;s w;fe, to me well known and known to me to be - rhe ind;viduals described in and who executed the foregoing instrument, and atknowledged before me that they exewted the same for the purposes therein expressed. And tht said _ Jildlth A. Fa rmer ~ ~.~1e of the said _ ~ohn 'i "arme~., ~Z , upon a separate and private ~ e~am~nat~on by me taRen separate and apart frcm her sa~d h~sband, acknowtedged to and before me that she executed said instrumeM ireely and voluo- :`y rariiy and w~thout any co-npu:sion, constraint, apprehe`ns~n, o~, f_enr of or from her uid husband. WITNESS my hand and offiual seal this l y~? day of A. D. 19~4_ _ ~ ~ Notary Public in ar.d for the Slate of orida et Lsrge My Commission expires: ~ Ret~-n to: 2sO~.la I ~ ~~~w' ~i7~'J' ~ fint Federal Savings 3 Loa~ Assouat~on ~ , f~'. ~t~~ ~ ' ~ ~ = Of ~ort Pe:ce. Fort P:~,ce. fwr~da . ti' , ' ' : fILEO AND RECORDE~ - ~ ST.IUC{E COUNTV FU- . . ;f~=.:; 110GEA POIfRAS • • _ _ CIERK Ci~tCU1T COURT ~ ~ This Instn~ment Prepared By <;ary F. Fllwooc~ PECORZ YEk~~~EO • , - First Federal Savings 8 Loan Association ~u . : of Fort Pierce, ~ lorida 2~ 9 S~ Ni~ , . - ~ Checked By x=~;; ` eooK 2~ ~?GE _ .e~ ~ ~~t S,~ - <<=. _ _ _