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Home My WebLink About1348 To plx~ •nd con~inuously kcep on ~he bui!d~~gi now w M~eafta iituaa o~ said land ~nd on ~il puipment u~d pKSOnally cov~r~d by thi~ matp~ p~, with dl premivm~ thereon pa~d in lull, lire ins~ranct in ~hs usual itandud po~ity form, in a ~um ,pprov~d by tM MORTGAGEE. ~nd windstwen i~iwanc~ i~? th~ ~swl ~undard pol~cy (am, in a sum approved by tM MORTGAGEE, in wch tomp~y a tanp~ni~s ~s th~ MORiGAGEE m+y di~Ktj ~nd aH iirs and wi~dslorm insurant~ polit~es on any of t~id bviW~npl. any Ints~~s1 thN~i~ w p~rt tM~~ot, in tlw ~pp~epa~~ ~wn ~fwtNid ot in ~xc~u ~hereof, iAall co~uin ~h~ uswl sranda~d mor~9syee c~aus~ a ~ucA o~ha cl~us~ ~s tM NlatpagM m+y ~pu'u~. maMinp tM Iws w+dN Nd poli~ • ciss. ~xh and every. payabte b ~aid MORTGAGEE +s i~s intere~t may appear. snd Nch ~nd ~ve~y such policy ~hall b~ promptly ~u.9n~d +od dtlivN~d w,- • any held by sud MORiGAGEE ai (u~rher seturity to iaid morlg~g~ debt, a+d, not leu thao ten (10) days in advanct of ~M ~apir~tan oi ~~ch policy, ro dr . ~ I~vN to ~id MORTGAGEE • renewal theraof, ~oye~her witi~ a receipt tor the p~~mium of such r~newal; and tMr~ shall b~ no fir~ w wind~~am Inwr~nc~ f.` plaad on ~ny of ~id build~r+gs, any interest thsre~n a pa~t thereoi, unleu in ~Fw form ~nd witF~ tM bu p+yabl~ as afw~saidt ~nd M ~h~ ~we?1 ~~y swn ' of nwewy becomq payable unda such policy or polKiss said MORTGAGEE ~hall h~w tFK option ro receive u+d apply tM san~ on accouM o( tM i~+dsbted~ nesf setured I+Keby w ro permit ~aid MORTGAGORS to rettiva s~d vs~ it a any pa?t thereof fw otFxr pwpwes, withovl thereb~ waivinp or unpsir- a ir?y any puity, iien or ri9ht under a by virtvs of ~his mo:lpape; aod in the want ~aid MORTGAGORS shell fa u?y reason fait ro k~tp tM s+~d pnn+~~es so M'• insvred, a(ai! fo d~liva promptty any oi said pot~cies of. insurance ~o said MORiGAGEE, a fail promptly to pay fully any {x~mium tMre(w p in any respect (ail ro pNtwm, diich~rge, execute, ~ifect, complete, compty wi~h and ~bid~ by thi~ covenant, p+ny part herwf, s+id N10RTGAGEE may pl+u and ~ f paY for such insurancs w+ny part thereo( w~~hout waivinp w•(fedinp a~y opt~on, lien. p~~ty, a?i9ht undK a by virtw of this Mortyp~. ~~d the _ f' full amoun~ of e~cA u~d tvery iuch payment shall be ~mmediately dw snd payabts u+d shall bear inte~est from ths dat~ the~eof uotll paid ~t tM rat~ ot ~ nins par cantum pet annum and to~ether with auch interest thali kx secured by the lien of this mortqape. ~ 1. To ptrmit, commit or sufFe? no waste, impa'umeM or deteriwation of si~d property or aoy p+rf tl~srtof. ' ~ S. To pay ~II ~nd sirgvlu the tosts. charges ar~d eYpenses, includiny a reasonsble ~ttane~/~ (ee and costs of ~binacts of titl~. tncurnd w p+id ~t { •ny tims by said MORTGAGEE, betause or in the event of the failura on the parl of tht said MORTGAGOR to duly, p?on+pHy ~nd fully pNfa~, diuMr~ ~ execute, effect, complett, comply w~th and ~b,de by each and every the stipulat~ons, ayreemen», conditior+a, ~nd aovsn+nts of taid promiuory not~ and thi~ z rnae~ps ar?y o~ e~thet, and uid cosn, chargcs and expenses, each end every, shall be immediately due and payable; whetha ot rwf tMre be noNU ds ma~d, atfcmpt to cotlect w tuit peod~ngt u?d the full amount of exh and rvery such payment thal{ bea~ interest froen th~ d~ts tht~eof ~etil p~id st 1M raee oi nine per ceotum per annurn; and al! said cos~s, chargea ~nd expenses ~rred a paid, ~ogether with s~th intKtst, sh~ll b~ s~tured by tM li~n of tlw martpay~. 6. TMt in the evMt of any bresch of this JKwtyay~ a default on the part of fhs MORTGAGOR, w(b) in th~ ~vent ~ny o~ said ~ums of money hercin referred to bs not promprly and folly paid w~rhin thuty (3~) days neat afte+ the aame severally becane dw and paysbte, without d~mand w notice, or (d in ths ewro each ~nd every tF» stip~rtarions, +grarrn~nts, cond'+t~ons and coven~nn of sa~d promissory not~ and th~s mort9ape any w ~ither an no1 iuty, prompNy and fully perfwmed. diuMrged, executed. efFectcd, compkted. complied with and abided Sy, tMn in tilhet w aMr such w~nt ths ~aid a¢ yregate wm mentioned in said promissory note the~ remaining unpaid. with interesl sccrued. ~nd alt mooeys secured F~erebY, shall beoome dw snd p~y~ able fwthwith, w theresfre~. a1 ~he opt~on of said MORTGAGEE, as (ully and completely as if all of the said swos of mo~ey v~rcrs aginally ~tipu~~ted ro 6e paid on such day. anything in sa;d prom~ssory r+o~e or in this Mwtgage to the contrary notwi~hstanding: and thereupa? a thereafter at tM optior? of ssid AM1ORTGAGEE, without notice or demand, suit at law or i~ equity, 1F?erefwe w thereafter beyun, may be ptosetuted as if all montys s~cwed hsreby had matured pnor to its irntitWion. 7. That in tF?e eveM that at the be9inning of or ~l any time pending any suit upon thi~ Morty+ge, « to fwecloie N, or M nfwm it, a fo enfwc~ .:.t-! e!a:~~ •::•r" •-ea unnTr_e,rjee :ti.u ~...,ly ~I.. f'n...~ I,a~.:.~e; ;.u~ae~:ee'~nn tl+~r~of fnr tl+~ anonintnrnt oi a Q~o~iwr. we}~ Cou~f slNll forthwith appoiM a recriver of said matgaged properly aU snd singular, includ~ng all and iu~gulu tFK income, proii», iswes and' wnues from whatever wurce derived, esch and avery of which, it be~ng exp?essly understood, is hereby mortgaged p if spedfically aet (orth and deivi~ irr•tlr y~+ntinp and habendum clavses F~veof, and such Receiver shall have atl the ixoad and effective functwns and powers in ~nywise entrusted by a~ourt ta i.Receiver, and such appointment sha~l bc made by such Court as an admitted equity and a malter of absolute right to said MORTGAGEE, and without refe~~mc~ to the adequacy a inadeqvaty of the vatue of the proper~y moregaged o~ to the toivency w~nsolvency of said 111lORTGAGOR or the defeodints, ~nd th~l suth ~ rents, profits, income, iuues and rerenucs shall be applied by such Receiver accord~ng to the lien w equity of s~id MORTCaAGEE and the pr~ttite of'such Court. 8. To duly, promprly and ful!y perform, discharge, execute, effect, complete, comply with end abide by each end every ths stipulations, agreemenb, ± cor~ditions and covenants in said p?om~sswy note and this mwtgage set fath. , 9. That in the event the owrtership of the mortgaged premises, or any part thereof, becomes vtsted in ~ person otMr than ihe NWRTGAGOR, the A10RTGAGEE, its succeuws and assg~s, may, without notice to the MORTGAOR, deal with such svaessor or successor in interesf with refersnce to ihq mwtga~e and the debt hereby secured in the tame manner as w~~h Mo~tgagor withovt i~ any way vitiatirg p dixMrpirg the Mwqsyors' li+bility hera ~nder or upon the debt hereby secured. No sate of the premises hereby mortgaged and no fabearonce on the p~rt of the 1N10RTGACtEE w iri suuesson o. assigns and no extension of the time fw the payment of the debt he.eby secured given by the MORTGAGEE u ib successors w augru, shall operat~ ~ ro rclease, d~scharge, modify change w affect the original Iiab~Gty of the MORTGAGOR Fwrein, tither i~ whole or in part, 10. It is specifically agreed that time is of the esxnce of this contract and that no waiver of any obligstion here~rnder w of tM obl'gation se- cured hereby shatl at any time thereafter be held to be s waiver of the terms hereof or of the instrumeM secured herby. 11. In addition to the forego:ng monthly payments of p~inc"pal and interest requi~ed by the prom~uory note secured hereby, mortgagor covensnb and aq~ees to pay to mortgagee with each mon!h~y pay.nent an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual tost of the follow- in9: A-All real property taxes levied w assessed against the above desaibed real estate. B-Premiums on fire and windsto:m insurar.ce as herein requ~red to be carried on the improvenx~ts situate on the ~bovt desuibed premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagce shatl from t~me to time deem fit to carry on the loan tecured hereby. Mortgagee shall from t~me to time notify mortgagor in wr~t~ng of the amount due and payable hereunder and such wm shall thereupon be due and payable on the due date of the next month!y payment and each successive month thereafter ur.~il mwtgagee shall notify mortgagw of a change in suth i amount_ Such sums sF.alt be apptied by mortgagee toward the payment of real p~operty taxes, insurante ptem:vms, and mort9spe gwranty insunnte E premiums. ` IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day nd year fint sfor . ~ Signed, Sealed and delivered in the presence of: ' l ~ I f~t.Er, :w'~ ~~~C~3t2~9 la,.l ~ E S~.ttiC,: '~U~S~ FL~- ~ i -~.c/ ~~:T~as Ro ert W. S rhay r. n , ~ ~ .<<- Ct.ER~. ~J~i ~~L'{tT \ ~ , . _ . ' ^ Louise C. Sumaerhays ~,Nq STATE OF FLORIDA ~ {Rr1 i 2~ , , couNn oF St . Luc i e v.~+~73a71~ eera~ ~ personally appeared Robert W. Summerhays Jr. LO1115@ C. Summerhays his wife, to me well known ~nd know~ to m~ to b~ rhe individwls dew~bed in snd who executed iFu fwegarg instrurpent, and acif?wwledged before me thst tMy execut~d the sams for tM purposa therein expresscd- And the said Louise C. Summerhays w~fe of th~ said Robert W• Su~erhays .lY. ~rpon ~ sep+~ate and prrv~M exami~atwn by me taken separate and apart from her said husband, ackrwwledged to end befwe mt that she exea?ted ssid instrument fr~ely u?d volvo- tarily and witFwut sny compulsion, constraint, apprehe~sion, or fesr of a from her said busbend. WITNESS my hand and official seal this~ d+y of October A, p, ~q 75 x ~ ~ Notary Public in u~d for t ats of Fbrida ~t Lu~e ~ My Commiss'~on ~xpires: 6 Return To: - 30 7 ~ first Federal Savings 3 loan Associat~on ~ Of fort P+erce. FoA Pie~te. Fbrida .'~t= .:11•~:~~., ~ ~ ~ l(~~f''. . This Instrument Prepared By lbnald B. Hughes _ ~ First Federal Savings & Loan Association .•=f•~: ~ of Fort Pierce , Florida 0 R~~~ , ~ goo~ VACE1349 ~ ~ , ~ s . ~ - ~ Checked By ~ ~ ? • - ~ ''~L-' . • ~~,~Y:.^~± i ~ !Ii ~f ~ . ~ , y. „t17tt1~=~~~~, a . ~ ~ ~ ~ dz ~ ~ - < ~i - ~ ~ ~ _ . ~ ~ ;u.-~