The URL can be used to link to this page

Home My WebLink About0458 3. To ptsc~ and cont~nuously keep o~ rM bu~~di~gi now w her~ai~e~ ~i~wt~ on said ~~nd and o~ ~II equiprtw~nt +nd p~nonaily cov~r~d by thi~ inw~~ ~p~, with •11 premium~ thercon pa:d in fuil, fire ir~suren.e ~n ihe wuat sra~dard poiicy form, in a wm approv~d by tM MORTGAGEE. •nd winditam (r?sur~nc~ in tM usual ~tandard pot~cY lai~. i~ a sum approved by ths MORTGAGfE, in such tompsny or tomFa~iq at 1F?~ ld~ORiGAGfE may ~ dinclt ~~d all ii~s and w~~ditorm insuronce pol~c~es oo any of seid build~ny~, ~ny lnl~r~st ther~i~ o~ pan thersof, i~ tM ~reo~tt wm afass+id o~ . in ~xca~s the.eof, shall contain ~he usval seandard margagee clause or such o~her claus~ ~s ~M Mo.~pagN may ~puu~, maki~p tM lou ur~ a~d po~i~ cia; each and eve~y, payable to said MORTGAGEE as iti interest may appea~, and e+ch and evay ~uch po1~c~ ~hall b~ p~ompt~Y ~a•y^td +^d d~~~vered to ~+~Y 5Y ss~ ~R'~AGEE ss fvr~har secur~?y to sa~d mortgage deDt, and, not lesi than t~n l10) days in adwnce of tM ~xpir~tion oi fKI1 pO~~Cy~ to da {ivtr to wid MORTGAGEE a renowal thereof, toqe~he~ wilh a rece~pt tor ehe premivm of s~ch renewst; and ~her~ shstl b~ no f'a~ or windtitorm iMVru?c1 plsced on any of sald buitd~ngs, any inicrest the~ein or par~ ~hereof, unless in ~he (am end with ~he 1ou payabb a~ •fa~said; and in tM event a~y wm of eewr~ey becomes payable under such policy or pof~cies s+id MORiGAGEE shatl have the optwn ~o receive ~nd apply the t~m~ or? accou^~ ot ~M indebt~d- rNSS secvred hereby o+ to permit sa~d MORTGAGORS to receive and use it a any part lhereof for other purposes, wi~hout thereb,l wa~vi~~q w unP+ir' i~p any pu~ty, lien a righ~ uoder w by virt~e of ~his mo:tyape; and in the event ia~d MORTGAGORS shall for any ~esson i~il to keep IM taid psmisel so i~~urrd, w fail to deliver promptly any of said pot~c:es of in~u~ance to ~aid MOR~GAGEE, or fail promptly to p~y fu1{y ~ny premivm ther~iw o~ in snY• , re~paN (ail ro perfwm, d'+scharge, eaecute, e(fect, con~p!ete, coanply wirh and abide by thi~ covenant, w s~y pa~t hsrwi, ia+d MORTGACaEE may p~acs and peY fot svch tnsvra~cs o~ any part 1Fxreoi withait weiving w ~ifec~iny any oplio~. iien, cquity. ot righl unde~ w by virlw o) thi~ Mwtpa~e. u+d iht full ~mouM of each and every such paymrnt shall be immed;ately dve +nd payable ~~x! shall bear intereit irom 1M dat~ Ihereof u~til paid ~1 tM rat~ ol nine per cent~m per annum and to~eiher with such inte~est shali be srcured by ihe lien of thit mortg~ge• 1. To permit, commit w sutier no waate, impairment a deter'~pration of said property or +ny p~rt lhereof. 5, To pay all a~?d singulu the costs, charges ar+d eapenses, including a rcasa+~bls a~tw~ey's fee u~d costs of ~bstncis of titb, incvrr~d a paid at any time by se~d MORTGAGfE, because w in the event of tMe failure on the pa?t of 1he said MORTGAGOR to duly, promptly ~nd fully perform, dischsrgR eaecu~e, ettec~, compfeie, compty w~~h and ab:de by each and every the stipulaGons, agreemenn, conditio~u, and cowaants of uid promissory nots +~d thi~ mo~t9age ~ny w ei~he?, and sa~d costs, charges and expenses, each snd eve~y, sAall be immediately dve and payablt: wlwthe? or ~01 there be notice de mand, attempt to coflect w suit penrJ~ng; and Ihe full amou~t of each and eve.y such payment sha~l bea? interest from th~ date tFrreoi ~ntil paid at the rate o~ nirx per cantum per annurn; and ali aa~d co:~s, charges and expenses incv~red or p~id, together w~th wch iMarest, sM11 b~ s~twed by 1Fw IiM of tha mortpa~e. Q Thaf (a) in the evenl of any breach of thii Mortgsge, or defaulf on tM pari of the MORTGAGOR, o~ (b) in tl+~ evenl ~ny of ssid svms of moMy hereir~ referre.~ to be not proa~ptty and tully paid within ~fi~rty (30~ days nex~ after !fie sanx severaSly bccoms due and payablt, wilhout demand w ootice, o. (e~ u+ tF~ evrnr exh sY•••; t!~ •:i~_'s~:~ss, a~r~e-~r.ts. ~~s~3~:;c,:,i ar~d tuvorwn~s of sa~d promissory nme and rh~s mortpay~ ~ny a tither are na iv{y, promptly and iu{ty performed, d,scharged. executed, eltecud, comp{ered. complied with ar+d ab~ded by. thtn in ~itMr w any such ewnt tM ~+id a~ gregate wm memaned in said p~omissory note then ~emaining uup~ wi~~nterest sccrued, and atl moneys setured hereby, ihill becwne dw ~nd p~y~ able forthwith, a thereafte~, a~ the opr~on of sa:d MORiGAGEE, as fully and comple~ely as if a~l of the wid wms of ma?ey vv~re wy~natly atipulated to be pa;d otti such day, a~ything in sa:d prom~ssuy aote or in this Mortga9e to the controry nolwithatand~~+y; and lheravpon or lhereaftM +1 tM op~ion of said MORTGAGEE, without ~otice or demar.d, suit at law w in equ~ty, therefore w therealter bepvn, may be prosKUfld ~s if ~11 mor?eyt setur~d ha~by had msturcd pnor to i» inati~ut~on. ~ 7. That i~ the event that as the beginn~ng of w at any time pending any suit upon tfiis Nlortpege, a fo fpeclose h, or to refom~ if, a fo enforoe payment of any tlaims haeundar, said MORTGAGEE shall apply to the Court having jurisdic~ioo thereof ta the appo~ntment of ~ Receiver. Wch Cowt shaU (atfiwitfi appo~nl a receiver of :aid'mortgaged property all and singular, includ~~+g all and singulsr the income, p~ofits, issves ~nd revenues from what~ver source derived, each and eve.y of wh~ch, ~t be~ng eapressly undersrood, is hereby mor~gaged as spec;fically ut iorth and dew~bed i++ the 9~aniu?p and habendum clauus hereof, ar.d such Rece~ver sha~l have a!i Ihe txoad and effetrive funct~ons and powtrs in anyw~se emrusted by • Cou~f to a Receiver, snd :uch appointment shall be made by such Court as an admitted equity and a ma~ter of absolute r~ght to ssid MORTGAGEE, and without refertnce fo tM edequety w~nadequacy of the wtue of the p~operty mortgaged or to the sotvency or inwlventy of seid MOATGAGOR w the defendanb, and that suth ren~s, profiri, intome, issues and revenues sbail be appiied by such Receiver according to the titn or equiry of said MORTGAGEE and tht practite of suth Court. 8. To duly, promptty and fully perform, discha.ge, execute, effetl, complete, comply wi?h and ~b'~de by each and wery the atipn~latiw?s, sgreemenes, conditions and covenants ~n sa~d promisswy note and this mortgage sef fpth. 9. Thst in 1fie e~ent ihe ownersfiip of the mortgaged prtmius, at any put thereof, becomes vested in ~ perwn othK than the MORTGAGOR, ths \ MORTGAGEE, its successws and assigns, may, w~thout no~ice to the MORTGAOR, deal wi~h such suctessor or aucceasot in i~terest with reterence to thia rnortgage e~d the debt hereby secured in the same manner as with Mortgago~ without in any wsy vitiatinp p dischar9ing fhe Mort9a9ort' liability hera ~ under w upon ehe debt hereby secured, Na aate o( the premius hcreby matgaged ~nd no fwbeaisnte on the pa?t of ~hs MORTGA6EE o~ ib suctessors ~ or ass~gns and no extens~on of the time fw the payment of the debt he•eby secu~ed give~ by the MORiGAGEE or its sutteswrs or auiyns, shall operate to re~ease, d~schsrge, modify change or affect the or;g~nal GabJrty ot the h10RiGAGOR herein, eEther in whole or in parL "-'1 10. It is specifically agreed ~hat time is o( the essence of ~fiis contract and tfiat no waiver of •ny ob~~gat'wn hereu~der or of fht obliyation se- ~ cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the inatrument aetured herby. 1 L In add~~io~ to the forego'n9 monthly paym~ms of pri:3c pat and imerest required by the promissory note secured hereby, mortgagor tovenaots and agrees to pay to mo:tgagee with eacfi monthiy pa~~ ~ent an add~~~onal sum est~mated by mortgagee to be equsl to 1~12 of the annual tost of the follow- ~ ing: A-All real property taxrs le~ied or a:sessed ayai~st ths above desaibed r~al estate. ~ ' B-Premiums on fire and wi~:dsrorm insurance az here~n requ~red to be carried on the improvements sitvafe on the ~bove described premises. ~ C-Premiums on such mortgage q~aranty in;.,~o~,« es ~n~r~yagee snaii from r~me ro t~me deem tit to carry on tbe foan secured hereby. ~ Mortgagee shatl from t~me to time notify mortyagor ~n wr~ti~g of the amount d~e and payable hereunder a~ avch sum shs11 thereupon be due ~nd ^ ~ayable on the due date of the next month:y payment and each successive rr.onth thereafter ur.til mortgagee shall notify mortgagor of a thange in wch ~ amounL Such sums sF.all 6e appGed by mor~gagee to,r+a:d the payment of reaV property taxes, insurance prem:ums,. and mortgage guaranty insur~nte premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yesr fint afwessid. ~ Signed. Sealed and defivered ' the presence of: ~,~I.;~;G ~•'.S;y~;j~D ~ U ti, ~ ~i ~~+:!f w^` :'~(T~' f(.,~. ~ .n ~ - ~ : :.;ta,bS y . O ~ ~ - ~c i ; ;.^L'itT +4 ~ • , . ~ c- ' ~ 1 0 e . i son ~to l126Af!'75 STATE OF FLORIDA ' ~ S5, tOUNjY OF St _ Luc 1p 1 Befo~e me penonally sppear~d MyY On J W i 1 S ofl ~nd ~ ,jllTle 1. W11SOA his w;fe, to me well known ~nd known to ms to b~ the individuals dezuibed in and who executed the fwegoiny instrument, w~d acknowtedged before me thet thsy exetuted the same fw the purposes therein exp?essed. And the said . - y]»no Ty Wi 1 ann - w~fe of ~he sa~d Myrnn i Wi laen upon • s~p~rate and privat~ examination by me taken xparate and apart from fier said husband, acknowledged to end befwe +n~ fhat she executed said irotr~tdeM frelly'and volv~ tarily and without any compuision, constraint, apprehens~o~, or fear of or from her said husband. ,il~~ ~(~r ~II:~Q~~1~.`(~ - ' WITNE55 my hand snd official seaf this ~ S~" _ day of SeRtember ~ , ~ . i ! LL . s ' ' S : s E- Notary Pubtic in snd for tM e 9f flori~d~ ~t~-' = My Commiuion e:pires: ~ 3 ryQ,~ S - 'f~ _ Return Ta: F ~;~i ~ : a first Fede~sl Savings a Loan Associat;nn ~ I~ y`~ • ~'j , 01 Fort P:e:ce. ~ f''•.~.~.s••~~t~~ fort Pierce, Flos~da J11 ~ ~H~ This {nstrument Prepared By Gary F. Bllwood First Federa) Savings loan Association B001t 244 PACE 4~ of Fort Pierce~ Florida Cfiecked By ~ ' ~ , - - - - - ~ - ~ - ~ _ ~ . ~ _ .