The URL can be used to link to this page

Home My WebLink About1781 3. To place and cominuously keep on ~hs bui:d~ngs now w h~re~f~~~ ?itust~ on iaid I~nd and on all equip~nent and personally cov~rad by thi~ maig- ~p~. w~~h all prtmivmt thereon pa~d in futl, 1~rs insurance ~o ~he ufwl s~arxbrd polccy (orm. in • wm appoved by ~hs MORIGAGEE. and wind~~orm iniwaoe~ i~ tM usuat ~fandard pol;ey iwm, in • eum ~ppro~~d by ~h~ MORTGAGEE, in sueh ea++p+ny or eomp+n~d as fM MORTGAGEE m+y d"ueclj ~nd alt firs and windstwm Iruuranc~ po~k:a on ~ny of said buildin~s, any int~r~st tF+Nein or.part therwf. i~ ~M aQgreqa~~ sum aforeaa~d w In txnu the~eof. ~h~ll contain th~ uzwl st~~idard mort9afla~ ct~use a such o~har claus~ ~s 1M Matya9N may ~equ~re, m+ki~g ths tou under ~a~d poli- cies, esch and evsry, payable ro s~id MORTGAGEE a~ it~ inie~esl may ~ppe+~. ~nd each +^d ~~Q~Y s~ch P°~'~y ~h°~~ 6~ pr°^'Pt~y ~~f_9nad and deiive~rd ~o any held by ~id MORTGAGEE as furthe~ ucurity to said nwrtp+8~ debt, and, not ku IM~ te~ (10) days in advance o1 the ~xpi~alion of each poticy. ~a de- liva fo ~aid MORTGAGEE a rerxw~l thereof, topeiher with e rK~ipt fw 1hs pr~mlum of iuth r~newal; and lher• shali be no fire a winds~orm i~furanc~ placed on any of said buildir+yi. •~y i~teretf therein w p+rt 1he~eof, unleu in Ihe form and with the lou wyabte as a(ueuid: u+d in the event ~ny tum of nwney becomss payable unda such. policy a poficisi uid MORTGAGEE shall haw tM optior~ to receive and spply the same on account of ~he indebted neu secured he~eby w w permit iaid MORTGAGORS ro receive ~nd vse it a any put tAereoi fw mhe? purposes, v~~~hou~ fh_~tu~ wai.i~.g or ~mpav- inp a~y puity, lien w right under a by v'irtw of this mortysqtt w+d in tha ~vtnt said MORTGAGORS sMll (a any rea?on fail to keep ~i~s said p~emises so insured, w fail ro deliver promptly any of said politiet of insur~nt~ to said MORiGAGEE, or faif promptly 1o p+Y futly any pre.mum the~efor w in +~r r~~ped fail ro perfam, discharge, execute, a(fect, complete, comply with and abide by this covs~+ant, w any part hereoF, ss~d MORiGAGEE may place and paY fw such iniurancs a~ny parl thereof without w~iving 01 illKllff~ +ny option, Iie», eq~iry, w riyh~ unda a by virtue of ?his Matqage, and thc full amount of each and ev~ry such p+Yme^t sha~l be immcdiately dw and paY~ble and shall bear interesl from ths dat~ thereoi umil paid at the rate ol nine per ce~rum per annum and to,~ethe~ with such in~erest sha~l be sacured by the iie~ of this mwl9age• 4. To permi~, commit a wffer no waste, impai~meM w deteriwatan of said property w+~y W?~ thereof. S. To pay all s~d simg~lar ths costs, charga snd expenus, includiny a reasonabk attwney'a fee snd costs of abstracts of title, ~ncurred w pa~d a~ e~y time by said MORTGAGfE, because a in the evero of the tailura on the pa?f of ~he ~aid MORTGAGOR ro duly, pra*~pNY and fu11y pe?Iwm, d~uharg~ execute, effcd, complete, tomp~y with and abide by esch +nd every the atipulations, sgreeme~ts, co~+dit~o~s. +i+d mvenants of sa~d p~an~swry note and thia matyags any or either. and sa~d costs. chsrges and expenses. each •nd every, sMll bs immediately dw and paYable: whether a rat there be norice d~ mand, attempt to colkct w iuit pe~d~ng; and the 4u11 amount of each and every s~rch p~yment shall bea~ interest from the date thereof until paid +1 tF~e rate of nine per centum per anrwm; and all said costs, charges and expenses incurred w paid, together with such imereal, shall be iecurcd by the lien of this mortgay~. 6. Thst (a) i~ the event of any breach of this Matgage w defaull on the part of ths MORTGAGOR, w(b) in the event sny of satd sums of money herein referred to be nof promptly and fully paid within thirty (30) days next site~ the same severally becane due ~~d payable. without demand o~ noiice. or (c) i~ the event each ~nd every the stipulations, agreements. co~ditions snd covenants ol ss~d promiuory note and th~s mortgage any a either are not ~uly, promptly i~d fully performed, diuharged, eKecuted, effected, comp~eted, complied with and ab~ded yy, then io e~ther w any such event the sa~d ag gregate wm memaned in said promiuory note then remaining unpaid, with interost acuued, u~d mo~+eYf secured hereby, shall become dve m+d psy- able forthwith, or thereafter, at Ihe option o( said MORTGAGEE, as fully snd comp~etely as if all of ~he sa~d s~ms of money we~e w~ginally itipulated to be paid on such day, anything in said promiuory note w in this Mortgage :o the tw+trory notwithstanding; a~ thereupo~? o~ thereaher at Ihe op~~or+ of said MORTGAGEE, withovt no~ice or demand, suit at law or in equity, tlxrefore or theresi~er beguo, may be prosecuted as if all moneys setured hereby had maWred pnor to its institution. 7. That in the event Ihat at tFx beg~nn~~g of or at any time pendi~g any suit upon this Matgage, a to foroctose it, or to reform it, a to enfwce paymcnt of any claims hereunder, said MORTGAGEE shall apply to the Cour1 having jurisdrctio~ thereot for the appointment of a Receivcr, wch Court shafl fwthwith appoint a receiver of said mortgaged property aIl and singuiar, i~ctud~ng all and singula~ ths ~ncome, proi~ts, issues and ~eve~ues (rom whatove~ source derived, each anc! every of wh~ch, it being expressly undcrstood, is hereby mortgaged as if spec~ficaliy set iath and described in the gran~ing and habendum clauses hereof, and svch Rcceiver shafl h~ve all the broad and effective funcnona and powers in anyw:se entrusted by a Court to a Reteivcr, and such appointment shell be made by svch Court as an admitted equity and a matter of absolu~e right to said MORTGAGEE, a~?d witFw~1 reference to the adequacy or insdequaq of the value of the property mor~gaged or to the sotvency w insolve~cy of said MORiGAGOR or the defendants, and ~hat such renn, profin, irxome, iuues and revenues shall be applied by such Receiver according to ~he ~ien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, p~omptly and fully perfwm, discharge, execute, effect, complete, mmp~y with and abide by each and every the stipulatior?s, agreemen?s, conditans and covenants in said promiswry no~e and ~hi~ mortgage set fwth. 9. 7hat in the event the ow~ership of the mortgayed preroises, or any part tFKreof, becomes vested in s peraon otF+er than the MORTGAGOR, the MORTGAGEE, ita successors and auigns, may, withovt notice to the MORTGAOR, deal with such successw or successor i~ interest with reference to this mortgage and the debt hereby secured in the same mannrr as with Mortgagw withoW in sny way vit;ating or d~schsrgirg the Mortgagers' liability herr under a upon the deb~ hereby secured. No sate of ~he Fremises hereby mortgaged and s?o forbearance or~ the part of the MORTGAGEE or its successon or auigns and no exteniwr? of the rime fw the payment of the debt hereby secured given by the MORTGAGEE a its i~ccessors or au~gns, shall operate to releese, dixharge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whole a in part. --10. It is speufically agreed that time is of the essence of this contratt and that no waiver of any obtgatiw? hereunder w of the obligation se~ cvred hereby shafl at any time thereafter be held to be a waiver of the terms hereof or of the instrument sr_ured herby_ I1. In add~tion to the forego:ng moMhly payments of princ'pal ared interest required by the prwn~sserY note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addisional sum estimated by mwtgagea to be equal to 1% 12 of the an~ual cost of the follow- ing: ' A-All real property taxes levied or assessed aga~nst the above described real estate. j B-Premiums on fire and windsto:m insurance as herein requ~red to be carried o~ the improvements situate on the above described premises. 'I C-Premiums on such more9age guaranty i~surance as mwtgagee shall from t~me to time deem fit to carry on the loan secured hereby. ~ Mortgagee shall from time to time notify mortgagor in writing of ihe amount due and payablt he?eundrr and such aum sha!I thereupon be due and payable on ~he due date of the next monthly payment and Pach s~ccessive month thereafter ur,til morigagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem,ums, and mortgage guaranty insurance premiums. IN WITNESS WHERE()F, the said MORTGAGOR has hereunto set his hand and seal the day and year tirst a4oresaid. Signed, Sealed and delivered in the presence of: _ ~ J Fwr st t~n (Seaq Delaine C. Fuzst ~~,i~ STATE Of fLORIDA ~ St . I.uc ie ~ co~NrY o~ Before me penonal(y appeared Jeffrev FUIS~ - a^d Delaine C• F11YSt his wife, to me well krawn and known to me to bs the individuals destribed in and who executed the fore9oing inctrument1 and acknow{edged before me that they executed the same fw the pu:poses rr~«~~ Qx~.~~d. ~a tr~ Dela~ne C. Rurst wife of the said JeffYey 5. Ftll"SL - upon a separate and private examinat:on by me taken separate and apart from he~ said husband, adcnowledged to and before me that sF?e executed sard instrumcM freely and volurr rarily and witFw~t any compulsion, constraint, spprehension, or fear of or fran her said husband. WITNESS my hand and official seal thit ~ 3 day of Apr il . a p. 19 74 ~ ~ ' ~ Notary Public in end f r the State of F{orida ~t large My Commiuan expires: 3 0•..~ b Return Ta First Federal Savings 3 loao Associat~on • - Of Fort P~erce. ' ' - yi Fort Pierte, Fbrida ppEO , ;.Ni:.,,., i^~4~ i 1.ED ~K~OUM~ fl~ ` - - f~.~.UCIE 1TRA~ : r'~ "1 - : : . CIER C~ dGU?S ~OURt ' ~ : This Instrument Prepared By J. H. RobeYts J=. ~~~~g1E~ = f- ' First Federal Savings & loan As3ociation ppC4R0 ~q : ` • - of Fort Pierce , Florida to ~ ~ " ~ ; ~ ~ ~ ~ ~ , ` ' ••J Checked By r~-- . " ~ - ; ' - ~ U R ~Vi/~~+ '~f~~~°~futt~e~`~~,` ~ a~226 ~i780 ~ s~ ~~r ~ - . _ ~ : : ~ _ ; , : - ~ ~ ~ - P - r _e _ . _ ~ . _ _ _ ~