The URL can be used to link to this page

Home My WebLink About1649 3. 1o plau and continuously krep on the bu~!d~ngs oow or hereal~er •itvat~ on faid land end on ~II equip.nsN ~nd pawn~lly tov~rtd by thi~ mal¢ ~p~, with a11 pt~miums theteon pa:d in fut1, hre insurance m ths utval s~enderd po~icy form, in • wm ~pp?ovtd by tM MORTGAGEE, ~~?d wiodstOrm insur~ne~ (e~ 1i+~ uswl ~tandard pol,ey fo~m, i~ a~um approvad by ~M MORiGAGEE, in ~ueh tompany w eompani~s as tM MORTGAGEE may dirsttp and ~II fir~ and wiod~twm inswance poliurs on any of said buildmgi, a~y inler~~1 lherein w part thtr~o(, in tIN pgrep~q wm ~forefaid o~ In ~xc~u tMrwf, tMll comain ~hs usual srar•dard mw~gage~ clauss w such o~her clauw at ~h~ Mon9agH may ~pvk~, m~kinp fh~ lou und~r s~~d pol~ cief, each fVMy, p+yabte to said MORTGAGEE ~s ~~s intere~~ may appoar, ~nd eacA and ~very s~ch policy shall b~ promptly au.qn~d and dtlivtred lo any heW by uid MORTGAGEE as fur~hr~ secur~ty to sa~d ~no~~9aye debf, and, not leu than ten (10) dayt in adv~~ct of the ~xpiratiw~ of tach poliq, to d~- liv~r to ~aid MORTGAGEE a renewal Ihereol, to~e~het with a rece~pt fa the premium of fuch renew~l; and 1her~ thall bt no fite w windstwm inturant~ plactd on ~ny of said buildings, any intere~~ therein w part thereof, unless in the torm and wi~h the iou payabl~ ~fa~saids ~~d in tF~ ~vent ~ny swn of money becoms~ payable unda such poticy a poFic~es said MORTGAGfE shall hava ~he opt~on to receive and apply the am~ on ~ccounl o( the indebted~ ~ v nesf sec~~ed hereby a ro permit wfd MORTGAGORS to rece~vs and uss it o~ any pa~~ thereof for other purposn. wiNwW thxeb~ wa~vi~iy a Nnpair- .,.1 inp any equ~ty, lian or right under w by vi~tue of this mo:~gage; and in ths event sa~d MORTGAGORS ihatl fw any reawn fai) to keep the iaid pr~mises so ~ insured, w iail ro detivm promptly any of said pol~c~e~ of insvran~e to sa~d MORTGAGEE, or fail promptly to pay fuily ~~y p~e.nium therefo~ w in a~y respect fai~ to perFwm, discharge, execute, effec?, comp~e~e, canply wi~A and ab~de by this covenant, w any psrl hereof, taid MORTGAGEE may place and pay fw such iniurar?ce or ~ny part thereof without waiving or ai(ecring any oplion, lien, equity, or rigM unda w by virtw of thit Matgaye, and 1he full ~mo~,nt of each and every such paymant shall be ~m~ncdia?ely due and paysble and shall bear interes~ from the data Ihrreof ~n~il paid at tM ratt ol nine per ce~tum pe~ annum and to~ether wirh such inter~st shaii :x sacured by the lien of tAi~ mott~sge. 1. To pe~mit, commit Or su~ter no waste, impairment a deteriora~ion of said property o~ any part thereof. 5. To pay all ~nd singular the costs, chsrges and expensei, incl~ding a reasonsbb attorney i fee snd costs of ~bstracts of titls, incurred w paid +t any fime by ssid MORTGAG',E, btcause a in the eveN of ~he failure on 1he part of Ihe taid MORTGAGOR to duly, promptly and f~lly ps?fpm, diicharg~ execute, e(fetl, complete, compty w~th and ab:de by each and every the stlFulat~ons, agreemenn, conditions, and covenanri of s~id promiiswy note ~nd thii mptgape any or ei~her, and said cosb, charges and expenses, each and eve~y, shall be immedialely due and pay~blr, whelMr w rat ther~ be nofict ds msnd, attemp~ to collect or suit pend~ng; and the f~ll amount of each and every such paymem shall bear interett from the date th~reof until p~id at 1he rate of nine pcr centum ~xr annum; and all said costs, charges and e:penses incurrnd w peid, togelher with suth interest, iMll b~ setured by 1M lieo of ihi~ mWfpaye. 6. Th~t (a) in the evenl oi any breach of th~s Mortgage w defavle on the part of the MORTGAGOR, or (b) in tht event any of said sums of mo~ty herein referred lo be not promptly and Fully paid with~n th~rty (30) days next after Ihe same severally becwne due ~nd payable, without d~mand oa ~otice, o? (c) in the evem each and eve.y the sripulationa, sgrcements, cond~tio~s and covenanb oI sa~d promissay note and Ihis mwtqaQ~ any a tithe~ are no1 ~~ly, promp~ly and fully perfwmed, d~uha.ged, execured, eifected, complefed, compl~ed with and abided by, then in either w~oy such w~nf tM wid gregate sum mcntioned in said promisswy note ~hen re~nain~ng unpaid, with interest acuued, and all moneys setured hereby, thall betwns dw and pay~ able fwthwilh, w therea(rer, at the option of se'~d AtOR1GAGEE, as fvlty and completely as if all of Ihe said wm~ of money were o~igin~lly stipui~ted to be pa~d on such day, anything in sa:d p~om~:sory note or in this Mortgage to the controry notwithsianding; artd thereupon w thereaher a1 the option of said MORiGAGEE, without no~ice or demand, suit at law w in equity, lherefore w therealter begun, may be prosetutad u lf all moneys setured hsteby had maturcd prwr to ~ts institu~ion. _ . 7. That in the eveM that at the beg~nn~ng of or a1 any time pending any w1t vpon this Mortgage, o~ fo fwetlose it, or fo reform it, or fo enfwq payment of any tlaims Fxreunder, said MORiGAGEE shall aonlv to the Courl havino iur~sd~c+~on ~he.eof for tM aooointment of a Receiver_ suc6 [ourf shall Forthwith appoint a receiver of said mortgagrd property sll ~nd singulai, i~clud~ng atl and singular theincome, p~ofib, iuues and revenwt from whate~er seurce derivtd, eath and every of wh~ch, it being expressly understuod, ia hereby mortgaged as if tpeci}itally set fotth and deK+ibed in the p~anting s~d habendum clauses Aereof, and svch Receiver shall have all the broad and effecrire funct.ons and powers in anywise entr~ited by ~ Co~rt to a Receiver, and :uch appointnunt shall be made by such Court as an admitred rquity and a mafter of absolute right to said MORTGAGEE, and without reference to ths adequacy w inadcquacy of the value of the property mo~tgaged or to the soivency or insolver~cy o( uid MORTGAGOR or the de(endanb, ~nd that such rents, profits, income, issues and revenues shall be appiird by auch Receiver eccording to the lie~ or equity of said MORiGAGEE and the pradiu of such Courf. B. To dvly, promptly and fully perform, discharge, ezecute, eFfcd, complete, comply with and abide by eath and every ths stipulations, agreea~ents, co~ditions and covenaros in said promisswy note and th;s mortgage set fwth. , 9. That in the event the ownership of the mortgaged premises, or any part thereof, becdnes vesfed in a pe?son other than fhe MORTGAGpR, the MORTGAGEE, irs succeuors and assigns, may, w~fhout nor~ce to ihe MORTGAOR, deat w~th such successor a successor in iMerest with reference to this mortgage and the deb~ hereby secvred in the same manner as with Mor~yayor withp~t in a~y way vitialinp or distharping 1he Mwtgagors' lisbility hertr undcr a upon the debt hereby secured. No sale oi the Fremises hereby mortgaged and ~o forbearance on Ihe pa~t oi the MORTGAGEE or its sutcessws or aasigns and no extension of the time for the paymenl of the deb~ hereby secura! given. b~ 1he MORTGAGEE or its svcussors or aui~ns, sha11 operate ro release, d~scharge, modify charge or affect the orig~nal liab~l~ty of the MORiGAGOR herein, either in whole or in part. 10. It is specifica~ly agreed that time is of the essence of this contrad and that no wsiver of any obligation l~eunder or of ths obliyation se- cured hereby shstl at any time thereaiter be he:d to be a waiver of the terms hereof ot of the instrurrKnt secured haby. 11. In add~rio~ to the forego~ng monthly paym_MS ot pri,c'pal and inierest requ~~ed by the promissory note secured hereby, mortgsgor covenants and agrees to pay to mortgagee v~ith each ~nonfhiy payr,.ent an add~~ional sum e:~~mated by mortgagee to be equal to 1~12 of the annual tosf of The follow- . . . A-All real property taxrs lev~ed or aues:ed agai~st the above descri~d real estate. ' ' B-Premiurns on fue and wir.dsro~m insurar.ce as here~n requ~red to be carried on the improveme~ts situafe on the sbov! deivibed premises. C-Premiums on such mortgage guaranty ir.surar,ce as mertgagee shail from Y.me to time deem fit to carry on the loan ucured he~eby. - Mortgagee shail from t~me to t~me norify mortyagor ~n writing of the amount due and payable hereu~der and such sum shall thereupon be due and i payable on the due date of the nexf monthly paymem and each successive month thereafter u~til mortgagee shall ootify mortgagor of s change in tuch amo~nt_ Such sums shail be app!ied by margagee toward the payment of real propeny taxes, insurance prem~ums, and mortgage guarsnty inwrance p~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the dax and yesr fint aforesaid. i ! Signed, Sealed and delivered in thr p?esence of: / ~ fitEG k'~= Y.4f0 i. i ~'1 •C ~n. ' ' ¢1 Lti t ,~i}M~A~~ ~ J ~ ~ ~q E - i fL . .Gd:T .OURT ~ ` ' 4 ~ - ~-t'1 GL- a F A r. - •i ~ i E~~,~,.~• n j / ~ ~ STATE OF FLORIDA ~ St. ~u~~e ~~0ct ~ 3 z9 P!~'~5 ~ COUNTY OF - ~~Q~~ `i j ai V .f defore me personally appeared Wil11aID .J- MOYa~tf ~ Brenda C. Morc~an his wife, to me well known and krawn to me to be the individuals dacribed in and who exewted the faegoing instrument, and atknowledged befote me that they executed fhe same fw fhe purppses ~ therein expressed. And the :a~d_ Br enda C• MOY()8?1 ~ w~+e of ,tk ,~~a _ William J. Morqan , upon a scpa~ate and privd~ ~ examinatiw~ by me taken xparate and apart from her said husband, atknowledged to and before me thaf the executed said instr~ment freely ~nd voluo- ~ rarily and withwt any compulaion, constraint, apprehens~on, ~ fear of w from her said husband. ~ 4 O~~tr 75 ~ WITNESS my hand aod official seal this___ _ day of A. D. 19 ~ . Notary PubIK in and fw t ate ot florida ~t larpe My Commiu'an expires: ~ e~?~.~ ro: / ~ • 3 ~ • 7 ~ = First Federd Savings 3 loa~ Assouat~on g Of Fort P~erce. .111u11;{11 ~ ~ 3 Fort Pierce. Flonda .;_j_, tf . 3 ' j : _ i ~ ~ii • E - / ~ a _ . t _ f,% . . ' ~ ± . ~ This Instrument Prepared By Donald B. Hughes - - First Federal Savings b loan Association . ~ of Fort Pierce, Florida 33450 ~ ~ ` ' ~ U R ' ~ ~.~C~ ~ Checked By g~~~ ~44 Pa~E1650 - ~ - ~ . .y::~. ~ ~ 3 ~ e € ~ C~Z x y ~ . ~~~~F=~..~Aa:_ . ~