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Home My WebLink About0577 ~ , , d a~ - tis To plx~ ~nd continvously k~ep on the buildings now a her~afqr ~ituate on ia~d land ~nd o~ ~il equipmenl and personally covaed by thi~ mat~ p~, with dl pr~mium~ ~hereon p+id in full. (i~e insvrarx~ in 1hs ~tud ~unde~d polky fam, in ~ wm ~pprov~d by ~ht MORiGAGEE. and winds~am inwrMC~ in tM uswl atandard poi~cy form, in ~ ium spproved by tM MORTGAGEE, tn wcA com{»ny or comp~ni~: u tM MORTGAGfE ~+ay d'utctt +nd •II fin ~nd w~ndiro~m insw+nc~ policas on ~ny of s+id b~itd~nps, aoy Int~r~it tMrein a p~r1 thsrwf, Gf tM ~r~~f~ sum ~~WlNid OI In txcais thaeof, iMll contain ti» uswl itandard ma~yay~e cla~st a iuch o~ha clavw a tM Mat~aya~ may rpu'u~, ma?inp tM lost under sa~d po14 ci~s, each and ev~ry, payable ro iaid 1NORTGAGEE ~s its interest may appear, and each snd ~very i~eh po~~cy ~ha~l b~ Promp+ly au:gned snd d~livered ~o +ny held by ~td MORTGAGEE ~s iwther security to ~+id mortgape debt. u~d, IWf Ift3 IMf1 tM (1~ diyf 1~1 i~vifKf OF tM ~xpiratian of each policy, to d~- live~ ro said MORTGAGEE a r~w~l tM~wf, top~th~r witA • rec~pt fa the prert~ium of ~uch rMewah ~~d ~han ~hall b~ no f'ue w wioditwm i~su:~nce pl~c~d on ~~y of wid bvildinps, ~ny i~tKat ti+K~in a ps~t tMrwf. ~~I~u in tM tam and wi~A tM bu p+yable as afa~said: and i~ tl» evtnl ~~y sum of mon~y becwius payable u~der wch poliq a policies saed MORTGAGEE ~M11 h~w 1hs option ~o receivs and appty ths s+me oe accounl of tM i~debtcd ness secwsd hereby w ro permit said MORIGAGORS 1o receiw and use it a•ny part thereof for other purposes, without thereb/ waivinq or m~pair- Irg ~ny eq~~ry, lie~ or .igh~ v~de~ or by virTw of ~his mort~ape; a~d i~ rM ~ven~ is~d MORTGAGORS shall iw ~ny reawn fail fo keep ~M bid p~smises w insur~d, a f~il b delivtr promplly ~~y of said policies of insurancs to said MORTGAGEE, or fsil promptly to pay tully any premium therefor a in any r~sp~ct fail b p~r(am, diuhuge, execut~, t(fM, compl~te, oomply wt~A.and ~bid~ by this cow~?+nt, a~ny part i+~rwi, said MORTGAGEE maY P~+~ +"d paY fw tuch insuranc~ or sny part th~reof wi~hout walvinp or affectinp any option, li~n, puiry. a right under a by virtw of thii Mort9sye, and the ful! unarm of ~ach ard swry such payment ~all b~ imnediately dw u~d paY+ble +nd ~hall bes. inrerest drom ~M daa rhereof ~ntil paid at the raa ol nin~ per centum p~ annum and to9ethcr with such interp~ sF+all be secured by tM liw~ of this ma+t9apa 4. To permit, commit or suffer no waste, impai~ment w det~rior~tion of uid property or ~ny put thtreof. 5. To p~y all and iin9ula the cosn, th+rpes and expenses, includinp • rsssonable +~1to~ney't fee ~nd wsts of abstracts of title, inturred or paid af a~y tir?w by said MORTGAGEE, because or in the svent o( fl~e fai{ure on tl?~ paM of ~l+~ said MORTGAGOR w duly, promptty snd futly periorm, d~schargR execvts, effett, tomplet~, comply with and ab:de by each ~nd every tl+s itipulatio~s, a~.eements, caxlitiau, and cove~?ants of said promisswy ~ott and thii matyaye any w eitAer. ~nd said cosn, chugn ~nd ~xpenses, each end ~very. sM11 b~ immedi~tay due ~nd p~yables whether or not the~e be r+otice ds rrwed, attempt io oolkct or wit pend~ng; and the f~ll amount of each ~nd rvery s~ch paym~nt si+all bear int~reat from tM date tlxreof until p~id ~t tM ~ate ol ni~e per centum per ~n~~um; and all said tosti, char~es and expenses Encurrad w paid, toge?ha with tuch interest, shall b~ secured by the lien of Ihit mat~sy~. . 6. Th~l Fn the event of any breach of this Mwtgsg~ w default on the pan of ths MORTGAGOR, or (b) in tM event ~r?y of sa~d sw++s of ma~ey herein r~ferred to b~ not p~on+ptly and iully paid within thirly (30) days next atter tho sams save~atty become dw ~nd payable. withow d~m~nd w notit,e. or in the eveM each and ~very tFK atipulations, ag~cement~, conditions artd coven~ms of sa~d promiuory note and tFus mwtpage ar+y a ~ither ar~ oa iuly, prom.ptly and fulty p~rformed, discha~ged, executed, effected, completed, complied with and abided by, the~ i~ ei~her or ~ny such ev~nt the said ag yreyate wm mentioned in~said promiuuy note then remsininp unpaid, with inlerest acuued, and all moneyi set~red Mreby. shall betort~e due and pay~ able forthwith, w thareafter, at the opt~on of ssid MORTGAGEE, ss f~lly end completely as if all of the sa~d wms of monay were wiQinally t~iput+tcd ro be paid on svch day, a~ything in said promissory note or in fhis Mortya9e to the convary no~withs~andirg; snd thereupon w thereafte~ ~t the option of uid MORTGAGEE, without notice or demand, wit at law w in equity, thercfore or the~eafter begun, may be prosecuted, u if di moneys sewred hereby had mitured priOt to its institution. 7. That i~ tl+e evcM that st the beginning of or ef any time pend~ng any tuit upon thia Mo?tgags, or to fwetlose it, or to reform it, a to enforp paymtnt of sny daims hereunder, said MORTGAGEE shall apply to the Court having jurisdrction thereof fw the appointment of • Reteiver, such Court shall forthwith sppoint a?eceiver of said mortgaged property all and singular, includ~ng aIl and aingular 1M income, profits, issves and revenues from what~ver source de~ived, each and every of which, it beiny expressly ur?derstood, is hereby mortgaged as if speuficalty set fath ~~d described in the 9ranting and habendum clavses hereo(, ~nd such Receiver shall have all ~t~e broad and effective func~~ons snd powe.s in anywise entrusted by a Cwn to a Receiver, and such appoiNrteent shall be made by such Court as an admi»ed equity and a matter of sbsolute right ro~id MORTGAGEE, ~nd without reierence to the sdequacy a Inadequacy of the wlu~ of the property mortgaged or ro the sowency w insolverKy of said MORTGAGOR w fhe defendants, and that such rents, profits, income, iuves and revenues sha11 be apptied by such Receive~ xcordinp to tM lien w ~quity of s~id MORTGAGEE and the practice of such Court. 8. To dufy, promptty and fully perform, diuharge, e~cecute, effect, completc comply with and abide by each and every the sfipvlatwns, agreertKnts, cw~ditam and covenants in said promissory note and this mortgage set for~h. 9. That in the event the ownership of the morfgaged premises, or any paH thereof, becomes vested in a penon other fhan the MORTGAGOR, the MORTGAGEE, iri succeuon ~nd assigns, may, without notice to ths MORTGAOR, deal with such successor w successo~ in interes~ wi?h reference to this mortgage and the debt here6y secured in the ssme manner as with Mortgagor without in any way vitiatinp or dixhargirg the Mortg~gors' liability hert under a upw~ the deb~ hereby secured. No ssle of the Fremises hereby rtwrtgayed and ra fabearance on the part ot the MORTGAGEE or its successors or assigns and no extension of the time for the paynxm of ihe deb? hereby secured 9iven by the MORTGAGEE or its iuccessors w auiyns, ~hall ope~ate to rekase, d~scharge, modify d~ange w affed the original liability of the MORTGAGOR herein, eithe? in whole or in psrt. 10. It is specifically agreed that time i~ of the euer.ce of this contr~ct ~nd that no waiver of any obligatan hereunder or of the obliyation sr cu~ed hertby shall at sny time thereaftes be held fo be a waive? of the terms htreof or of ihe ir~trument setured Fxrby. 11_ In add~tion to tFx forego:ng rtw~thiy paymentf of print'pal and intereat reqvired by the ptomissory ~ote setured hereby, mort~agw covRnants and agrees te pay to mortgagee w~th esch monfhly payment an add~rional sum esrimated by mortgagee to be equal to 1/12 of the annual cost of the follow- iny_ A-All real property taxes levied or assessed against the above described real eslate. B-Premiums on fi?e and windstwm insurar.ce as herein ~equ~red to be wrried w? th~ improvemenh sitvate on the above desaibed premises. C-Premiums on suth morfgage guannty insurance as mortgagea shall from rme to time deem fit to Arry on the ban secwed hereby. Mortgagee shall from time ro time notify mortgagor in writing of the ~mount due and payabk hereunde~ a~d such wm shall thereupon be due ard payable on the due date of fhe next rrbnthly payment and each succeuive month thercaiter until mortgagee shall notify mortgagw of s change in such _ ! amount_ Such sums shall be applied by mwtgagee toward the payment of real property taxes, insurance prem' , and mortgage aranfy insura~e i . ~ premiums. _ , IN WITNE55 WHEREOf, the said MORTGAGOR has hereunto xt his hand and seal the day and y fi afor ~ ~ ned. Sealed and ed in the presence of: F~~ ~ ^ ll ~ ~ R~~ o~~ta?s ~ ~ c~~cw~~ cs~.n itE~n!tl1 11~R?F1f~fl - - a~ Oc~ Z~ 3 ~i PH'~~{ ~ ~--n STATE Of RORIDA ~ St. Lucie ~ u- 29~2~ couNn oF eefore me personally appeared Joseph R. Lynch ~ B~ Grace Lynch his wife, to me well krawn and known to me to be the individusls destribed in and who executed 1F~e fore9oing instrument, and acknaw~edged before me that thep executed the same fw the purposes therein exa~d. a~a ~ne ,~~a Grace E. Lyneh w~fe of the ~.~d Joseph R. Lyneh ~ upon a sep~?ate snd privat~ exam~natan by me taken separate and apart from her said husband, adu~owledyed to and before me that sF?s exea+ted said instrument freely and voivo- ~arily and without any compulsion, constraint, apprehens'eon, w feu of or from her wid husband. - ~ WITNESS my hand and official seal this 25th day ~ Octobe a p 19 74 ~s ' --~.~iL~ ~ ~ ~ Notary Public in a~d~~ the ate of Florida at Lar9e ~ My Commission tx res: ~ Return To: ~ Fint federal Savings 3 Losn Assotiation ~~TARY PU°L!C, ST~TE Pf FL041L~A et URGE t.~Y CLti",:J35 i ::.FS lA~ . Of fort P~erce. ~ ' ` y 7, 1~~1•IIIHf~~~~ . Forf Pierce. Ftwida BO~idCO tfy hn+t~~C:11 3n~r.EiS InSUq1~~~1 ~i,.ri ~~~lii~ : ~ ~~~~••_:::,~J . ,-,:•.,1;. - : - : ~~1 ~ > : ~ ; % . . x 4.; ~~I' ~ ~ ? This Instrument Prepared By RiChard K. Kayes ; ~ ~ First Federal Savings 8 Loan Associaf~on o; o Q Q~ of Fort Pierce ~ Florida : d'~; ;.~~_tJ ~ d „i ';"~'4 ii J : Checked ey ~ y~~',,~~,~STnT~E+~t,• 3 ~ ~ • ~ - 900K ~J PAGE 5~ ~ ~ ; - - ~ ~ ~r - ~ ~ i~ ~ y_ ._.u.~.~-,.~.ri~~`~~ ` ~ ~ ~