The URL can be used to link to this page

Home My WebLink About2687 To plac~ and continuously keep on Ihe bu~:dings now or hereaire~ ~iluate on said ~and ~nd on ali equipment and perso~+~~y co•+ered by ihis mo~tg~ ye, with all prem~ums tharcon pa~d in Futl, (ue insurance io iha us~al standard po~icy 1orm, In a:um appro~ed by ihe MOR(GAGEE, and winds~wm inwr~nc~ in 1M viwl s~andard po~~cy tam. in a sum approved by th~ MORiGAGEE, in wch canpany or co~npan~es a~ the 1NORiGAGFE may dirKlp and all fir• and w~ndstorm inwronce poli<ies on ~ny of taid build~oys, any interosi therein or parl thereof, in ths aggreg~~e tum ~fwesa~d or In uces~ Ihereof, tiMtl cor+~ain ~M uswl s?andard mortgage~ clause w ~uch o~ha claui~ as Ihe Mw~gagee msy r~qu~re, makin~ the loas under •s~d poli~ cies, eath and ~vsry, payabl~ to said A~ORTGAGEE as it~ intarrsl may appear, and each and every ~uth policy shal~ be promptfy ass gned a~d deliverrd ?o •ny he~d by u~d MORTGAGEE ~s (uriher sccurity ?o said mortfla~e deb~, and, not leu tha~ ~en (10) days In advance of the eYpiraho~ oi each pot~cy. to dr liva ro said MORTGAGEE a renewal thereof, to~e~her wi~h a recsipt fw ~he premium oi such renewal; and ~lure sha~l be ~o f~re or winds~or~n insuranc~ placed on ~ny oi said buildings, +ny iMe~est therein or parl ?he~ao(, unleu in the 1am and with ~M loss payabte as afuesaid; and in the event any sum of rtwn~y betomet pay+ble unda such policy w policies uid MORTGAGEE shatl have ~he option to rece~ve and apply the ssme on account of the indebted- neu secured hereby w ro permit uid MORTGAGGRS 1o rcceivs and uss it w eny pa~t ~hereof lo~ otner purposes, w~~ho~t th=no~ wai~i~~~ ar ~~~+Pa~~• , ing any eQu~ty, lien w right under or by virtue of this mo:syage; rnd in Ihe event wid MORTGAGORS shall fw a~y reason tai~ to keep the sa~d p~emisrs io insured, or lait lo detivsr promptly any of uid pol~cies of insurance ~o said MORTGAGEE, u fail promptly to pay (ully any pre~n~~m therefor or in a~y resped fail to perfwm, discharge, execute, e~fect, complete, comply wirh snd ~bide by this cove~ant, w any pa~l hereoi. said MORTGAGEE may place a~d . pay (p auc6 insursncs w any parl thereof withou/ waiving or ~ffetting ~ny optian. li~n, puity, w~ight ur+der a by virtue of this Mwtfla9e, and tht . iull amoun~ of each and every such paymem shall be immediately due and payable snd shall bear intereat trom ~he date ~hercwf un~il paid at the rate of nine per centum per annum and to~ether wifh suth interest shal{ be secured by the lieo of this mwtgage. . 1. ?o permit, commit or sui(er no waste, impairnxnt w detcra~at~on of sa~d prope~ty or any part thereof. 5. To pay sll and sinpular the costs, chargcs and expenses, inc(uding a reasonable at?orney i(ee snd costs of abstrads of title, incurred or paid a~ • any time by w~d MORiGAGEE, betaux w in ths eve~t of ~he failure on the parl of tM said MORTGAGOR to d~ly, promptly and fully perform, d~xharge, execute, affect, comptete, comply w~th and ab:de by each and every the stipulat~o~s, sgreemenn, conditions, a~x! covenants of said p~om~zsory note and ~his mo~tg~ge any o~ e~ther, and sa~d costs, charges and expenus, each and every, shall be immediately due and payable; whe~her w not there be not~ce do- . mand, attempt to collect a suit pend~ng; u~d the full amount of each and e~cry such payment shall bear interest from the date the~eof unti{ paid at the rate of nine per crntum per annum; and afl aaid costs, charges and e,cpe~ses incurred or paid, together w~~h such iNerest, shall be secured by the 11en of thii mwtp~~. ~ 6. Tha~ (a) in the event of sny breach of this Mortgage o~ deFault on the pa~t of the MORTC'iAGOR, or (b) in the eve~t any of sn~d •ums of money herein tefened to be not promptly and fulty psid wi~hin thirty (30) days next after ~he same severa:ly become due a~d payable, without de~nand o~ ootice, or (c) in the even? each and every ~he stiputations, agreert?znts, conditions and covenants of sa:d prom~swry note and th~s mortgage any w e~ther are nol ~~ly, promptly and fully perfwmed, d~xharged, executad, effected, completed, compl~ed with and abided 5y, then in e~~her or any such eveM the sa~d ag gregare wm menYa~ed in said promissory note then ~ema~ning unpa~d, wlth interest accrued, arxl a11 moneyi secured hereby, shall become due and psy ab~e fwthwith, a thereafte?, at the opt~on of said MORTGAGEE, as fully and completely as if all of the said s~ms of money were or~g~nally stiputated to be pa~d on such day, anything in :a:d prom~sswy ~ote or in this Mortgage to the contrary notwiths~anding; and thereupon or thereaftc~ at Ihe op~~o~ of sald MORTGAGEE, w~thout not~ce or demand, suit at law or in equity, theiefore or theresfte+ begun, may be prosecvted as if all moneys secured hereby had matured pnor to ib institution. 7. That in the event that at fhe beginn~ng of w at any time p~nding any suit vpon this Mortgage, w to fueclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdrc~ion thereof for the appantment of a Receiver, such Ccurt s~rill Forthwith appoint a receiver of said mwtgaged property a!1 and aingulsr, includ~ng all and singular the income, prof~ts, issues and revenues from whatever source derived, each snd every of whKh, it be~rg expreuty undersrood, is hereby mortgaged as ii speufically set fo~th and described in ~he granting and halxndum clauses hereof, and such Receive? shall have all the broad and efiettive funct~ons and powers in anywise entrusted by a Cou~t to a Recciver, and s~ch appointme~t shall be made by such Court as an admitted equity and a matter of absoiute ~ighf to said MORTGAGEE, and withoul reference lo the adequacy o? inadequacy of the vatue of the property mortgaged or to the soivency w insotvency of said MORiGAGOR a the defendants, and that such rents, profits, intome, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of uid MORTGAGEE and the prac~ice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipufations, agreements, conditans and covenants in sa~d p?omissory note and this morrgage set forth. 9. That i~ the event the ownership of the mortgaged premises, or a~y part thereof, becomes vested in a person other than the MORIGAGOR, the MORTGAGEE, its successas and assi~ns, may, wi~hout no+ice to the MORiGAOR, deal with such succcssor o? successw in interest with refere~ce to this mortgage and the debt hereby set~red in tfie same manner as with Mortgagor without in any way vitiating w dixha~ging the Mortgagors' !iabitity hero- under or upon the debt hereby sx~red. No sale of the pre~nises hereby mo~tgaged and no forbearance on ~he part of the MORTGAGEE or lts successors or aasigns and no exte~sion of the time for the payment of the debt hereby sccured given by Ihe MORTGAGEE or its successws or assigna, siwll operate to release, diuharge, modify change or affect the original liabi~ity of the MORTGAGOR herein, either in whole w in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obl~gation hereunder or of the obligsYan se- cvred hereby shall at any time thereafter be held to be a waiver of the tetms hereof or of the instrument secured herby. 11. In add:tio~ to the iorego ng monthly payments of princ pal and interest required by the p~om~ssory ~+o~e secured hereby, mortgagor tovenants and agrees to pay to mortgagee vvirh each monthly payment an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annuaf cost of the follow- ing: A-All rea4 property taxes levied or assessed aga~~st the above described real estate. j 6-Premiums on fire and windstorm insurar,ce as here~n requ~red to be carried on the improvements situate on ihe above d~scribed premises. ! C-Premiuma on s~ch mortgage guaranty insurar,ce as mo~tgagee shall from t~me to tirne deem fit to carry o~ the loan sec~red hereby. ~ Mortgagee shall fram time to time notify mortgagor i~ writing of the amount d~e and payable hereunder and such sum shall thereupon be due and ~ ; ayable on the due date of ihe next monthly payment and each successive month thereafrer until mortgagee shall notify mortgagor of a change in such ~ a•nount_ Such sums sF.ail be appiied by mortgagee tovrard the payment of rea~ property taxes, insvrance prem:ums, and mortgage guaranty insurance ~ premiums. ' IN WITNESS iNHEREOF, the said MORTGAGOR has hereunto ut his hand and seal the day and r first afwesaid. i Sigryd, Sealed and deli red in the presence of: ~ - LL L' ~ !1~ ~ seaq ~ . ~ r ~ . a on S . owe ~a~~ ~ fyt.t.d _ U-li^~~ (Sta~ , • . ~ _ ' (Seal) ~ STATE OF FLORIDA COUNTY Of ~ Q ~ ~ ~ ~ ~ Before me personally appeared Ravmond S Powell and ~ Doris M. Powell his wife, to me wail known and known to me to be ~ the individuals destribed in and who executed the foregoing instrument, and acknowledyed before me thal they executed the same for the purposes ~ therein exprcssed. And ifx said ~OY15 M POMQ11 RrylYOT1d S• POM@I1 _ u s aod ivate ~ r.ife of the said P°^ ~ A~F a examination by me taken separate and apart from her said husband, scknowledged to and before me that she executed said instrulpalit freely ahtl voluo- : tarily and without any compulsion, constraint, aFprehens~on or fear of w from her taid husband. O~l~ ' j ( ~ ' ~ °V? WlTNE54my-ha~and official ual this ~ day of ~ a o.'Y9" ~ ~ ~ . _,j _ ' : Notary Public in and f9rr he Stat£ g~ id~f ry~ . My Commiuion acpitls:• . ; ~ . 6 ; ~ - ~ Retum To: r A ~ r~ Ilo~ta~ P~b!tw S~a( cf Ftor~r ti. Q • first Federal Savings 3 loan Associat~on ~ e O( Fort P~erCe. ~ G~~ES A~ dr ~ ~~y~~~'~`t4O C.~` My Cr~~tssicn Ez , . Fort Pierte. Florida .1l1-.~c ~tJ - - . ,/~f~'i~rt•rl~•t~. FIlEO AN~ PECOR EO tT. LUGC ~OUNTY ~lA. ~ This Instrument Prepared By Gary F. Ellwood ROCEa PO'?R11S ~ First Federal Savings 8 Loan Association CLERK Cj~CWT COURT ~ ~ ~K of Fort Pierca Florida ~F!'OP.O VEN~FtfD MaY I II 04 AM'?~ ; Checked e < Y ~ 280949 ~ , o a 2Z6 P~cE26~5 - B001( ~ . ; - s- - - - - - - . _ , _ . ~ _ . ~ . _ . :