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Home My WebLink About0131 ~ To plac~ and continuou~ly keap on tM bvi!dings now p here~fle~ ~ituaN on said land ~nd on al! equipment ~nd pt~son~lly tover~d by thi~ mortp~ p~, wi~h all prem:um~ ~he~eon pa~d in lu:l, ~ire insurance ~n the uiwl sianda~d poUcy to~m, in ~ sum •pp~ovsd b~ tM MORiGAGEE, ~nd wind~~~n~. insw~nc~ In tM usw! s~andard pol.cy fam, in • sum ayproved by tF?~ MORTGAGEE, in ~uch company w compan~y ~s IM MORiGA('sfE n+a~~ di~~clj ~nd all (i~e and wi~dti~o.m insur~nce poliues on any of seid build~ngt, ~ny inNnsl thtrtin ot pa~t tMreoi, in tM aqyrep~t~ wm alpeaid oIE„,,,~ in ~acess ~hereoi. ~MII comain ~he u~ual sundard mort9agoe clius~ a such other tlauu ~s th~ Monype~ may reqwn, makii?p tM lou under ~aid po1E ciss, euh ~nd ~vKy, payable ~o aaid MOitTGAGEE as itt intF~est may appea~, snd each ~nd •:•e~y ~uch policy ~MII bs promptly ~ss.pn~d and dt~iv~r~d to ~ ~ny held by seid MORiGAGEE as furih3r security to aaiJ r~~o+~yega debt, and, not leu than ten (10) days in advsnc~ oi Ihe expiration of ~ach policy, to da'~: liwr to said MORTGAGEE a renewal thcreof, togeihe~ with a reteipl for Ihe prerni~m o1 :uch renewal; and ~her~ shall b~ no fu~ or windstam inwr~nce plattd on any of said buildings, eny in~eiest therein a part ehereof, unteas in the form ~nd with the lou payabl~ as ~fo~e~~idj end in th~ ~vtnt anK,wm.a~ of money becomsi payab~e undcr such policy a polKiei isid MORTGAGEE shall haw fhe opnon to recaive and epply tRe same on accoum oi the indebted- ay ~esa tet~~ed hereby or to permit aaid lNORTGAGORS to reuive snd uss it a eny part tF?ereo! tw other purposes, wi~hout lhereb~ waivi,~g a~mpair• inp a~y equity, lien w right undrr w by virtus of this mortpage; and in ths event w~d MORTGAGORS ihall fo? ~ny reason fail to keep the said pr~mises so t/' tnsured, a fail to deliver promptly any o( aaid pofKtes of insurancs to taid MORTGAGEE, or fait promptly to pay fvlly any premium therefw or in any " respect fail to perform, discharge, execute, e(fect, complete, co~nply wi~h and abide by 1hi~ covtnant, a an~ psrt hereof, ssid MORTGAGEE may plau ~nd pay fw suth Insurante or any part Ihereof withoul w~iving or affetting any optiot~, lien, eqvity, or ~ight undet w by virtw of thlf Morl9ap~, ~nd the fvll amoum ot each and every such payment shall ba immed~atety due md psyable and thall bear inferest from ths date thereof until paid at the ~at~ of nine per centum per annum and togrther with iuth interest shatf tx sewrrd by the IiQn of this maf9~pe. To permif, cormit w auffer no waste, impairmenf a deter'wration of ~aid property o~ any part Ihereof, i S. To pay •11 and sinpular the costi, chugei and expensei, includinp a reasonable ~ttwney'~ fee and coib of abst~acb of title, Incurr~d w p~id N # sny time by said MORiGAGEE, Decause a in +he event of the failure on the part of 1M ssid MORTGAGOR to duly, promptty ar+d fvlly perfwm, d~xhWy~ execute, effect, campte~e, comply w~~h and ab~de by rach and eve~y the itipulat~o~s, agreements, condiiionti and covenanr~ of taid p~omiswry nots and thi~ ~ n+wt~pe any or either, and aa~d costs, cMrges and expanaes, each and every, ihall bs immediately due snd paysble; whethe? a not ther~ be ootice ds mand, attempl ro cotiect w suit pend:ng; and the fuU amount of esch and e~e~y such paymenf shsll bca tnterest irom 1M d~te tl+ereot u~til p~id ~f the ~ rate oi nine per ce~rum per an,wm; a~d all said costs, charges and expense: incurred o~ p~id, together w;th ~uch interesf, shall b~ setured by tM li~n o~ tbu mwtp~. ~ 6. That (a) in tfie event of any breach of thi: 1Nortgage or default on ths part of the MORTGAGOR, ot (b) in 1he event eny of taid tums of nqney herein re(erred to be nof promptly and (utly paid wit!~in thirty (30) days ~cx~ after Ihe same uversllY betdne due snd pay~ble, witho~t demand w notice, or (t) in the evrm e~<h and every the stipulauons, agrcements, condiGons and covenants of u~d promwsory nofe and tlas mortgspe any w either are eol ~uly, promplly ar+d fulfy per~ormed, d~xharged. executod, eifected. completed, compl~ed with and abided by, then in either or a~y such ~wnf tM iaid ap~ g~egate sum mentioned in said promisswy note then remain~ng unpaid, witA interest accrued, and al~ mpneys secured hereby, sMll become dv~ and pay- : able fathwith, w thereafter, al the opf~on of said MORTGAGfE, as fully and completely as il all of the said sums of moaey were pigin~lly ~tipulated ~ to be pa~d on such day, anything in said p~omisswy nole w in thi~ Mortpage to the con~rary nofwithstanding; 5nd Ihereupon or iher~a~ter al tM option of ~ said MORiGAGEE, without not;ce o~ demand, suit at law or in equity, the~e(we or Ihereafter begun, may b~ pros~cuted u if all moneys Ncur~d hereby had matured pnw to ~ts ins~itut~on. , 7. Thal in the event that ar the beyi~ning of or at any time pending any s~it upon this Mortyage, or to forecbs~ it, w to refwm it, or to enfwp payment o! any claims hcreunder, xid MORTGAGEE shalt apply to the Cou*~ having juri~ditlion thereo( fo? IM appoint~oaM;of • Reteive?, svth CouM shall fwthwith appo;nt a receiver of said mortgaged property alt and singular, inctud~ng all and singular 1M ineoms, profits, isiws •~d ttvenuN from whstever source derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged as if specifically set fafh e~d destribed in the prantinp ai+d habendum ctavses hereof, and such Receiver shall have all the broad and eftective funct~ons and powers in anywise entruated by s Cou?f to a RKeiver, a~d such appointment sha11 be made by such Court as sn admined eqoi~y ~nd a mane~ ef absotote rigM to said MORTGAGEE, and without referenca to tFa edequaty or inadequacy of the value of the pr~rty morfgaged or to the se~venty or insofvency of u~d MORTGAGOR or tAe defenda~ts, snd lhat wch renrs, profits, income, issues and revenues ihall be appt~ed by such Receive~ accwding to the tien or equity of said MORTGAGEE and the practics gf wch Court. 8. To duly, promptty end fvlly perform, d~scharge, execute, effed, complete, compty with snd abide by esth and every the stipvlations, agreementt, conditions and covensnts in sa~d promissory note and this mwtg~ge set fwth. ' 9. That i~ the event the ownership of the mortgaged premises, or a~y part thereof, becomq vested in a pe?son other than fhe NWRTGAGOR, the MORTGAGEE, ita successors and ass~gns, may, w~sFrou~ nmice to the MORTGAOR, deal with sexh successw or successot in interest with referente to this ~ mortgage and the debt hereby setured in the iame manner as with Mortgagor w:thout in any way vitiating w dixharging the /Nortgagors' liability here- under or upon the debt hereby secvred. No sale of the Fremises hereby mortgaged and no forbrarance on the psrt of the MORiGAGEE w its suctetsors ~ or assigns and no extension of the time iw the payment of the debt hereby sec~red given by the MORTGAGEE or its successws or auigns, ihal) operate ~ to release, d~scharge, modify chenge w affeu the origmal liab;t~ty of ~he N.ORTGAGOR ?mrein, eithet in whole or in pa?t. 10. It is spec~fically agreed ihat time is of the essence of this comract and that no waiver of any obligation he~eunder w of the obliy~tion se- ~ cured hereby shall at any fime thereafter be hetd to be a waiver of the terms hereof a of the imtrument setured herby. , ~ 11. In add;lion to tFx foregeng monthly paym~Ma of pri:u pal and ~nte~est tequired by the promissory not! setuted F+ereby, mertgagor covenants and agrees to pay to m.orrgagee x~th each mo:i+hiy aay~nent an add~rional sum eshn:a~ed by mortgagee to be eqvai to 1 j 12 oi fhe annual cost of the follpw- fng: A-AU real property taxes tevird or aasesscd agai•tiet the above desaibed real estate. B-Prem~ums on fire and windstorm inwra.^.ce as here(n requ:red to be carried o~ the improveme~ts situate on fMe above dticribed prernise3. C-Premiums on such rtwrrgage guaranty irtsura.~ce as morlgsgee shall (rom time to time deem fit to carry on ihe ban secured hereby. Mortgagee shall from time to time rroiify mortgagor wnnng of the amovnt due and payable hereu+ui~ir and such sum shall thereupon b~ dve and ~.ayable on the due date of the next monthly payment and each successive monrh thereafter urlil mortgagee shall notify mortgagw of a change in wth . art,oun?. Such sum: shall be applie~ by mortgagce toward the payment of real p~operry ta:es, insura.xe prem:ums, and mortgage gvaranty ir?surance premiums. IM Y~ITNE55 LYHEREOf, the sa~d MORTGAGOR has hereunto xt his hand and seal rhe day , ear~fir efwesaid ~ : ' ned. Syil and deliv ed in t presente of: ~ ~ ~ ' c d T Shea ~ ~ , n ~ florothy A. hean ~ ~a~ ~ STATE OF FLORIDA ' ~ • i SL . LuCie u- ~ couNrr oF j ~ s~tw~ ~ penonally appeared R iehard T. Shean ~ Dorothv A Shean - ~ ~ his wife, to me well known and known to me to b~ the ind~viduals described in and who executed Ihe foregoing i~strument, ~nd acknowledged before me that they executed the same fw tht purposes i thereio expressed. And the said_ ~rothv A__~Qan ~ wlfe of rhe said Richard T. Shean . ` : u ~ separsSe J~p~~9rivat~ i ~ examinat~on by me taken scparate and apart from her said husband, ackr.~wledged to and befwe me that ihe exetuted u~d instruwlh~freely'~ v3l~rer . j ` rarily and withovt any campulsion, constraint, apprehension, or fear of ot from her said husbaod. , j~~ ~ Z Y Januar . ~ WITNESS my hand and official seal thii____~ _ da of y = A~(~~ ' ~ , //i ' ~ • •1 • ~ N ~ry Public in and for rhe Sfatrof fll~id{ at p~ My Commission expires: - q ~'i Return To: Notary",~?iE~'jfeh N'njri~bl~tp first Federa) Savings 3 toan Asscciahon My Comy~:sfo~s~~ Of Fort P,e-ce Bonded bp ~I~t~qn;f~e ~~iatic.tty Fort Pierte. Hoi~J3 ~~JI - - i r' fIIED AM9 PECpRQEO ~q~~ ~ ST.lUC1E GOUMTY FlA• ROGf n POITRAS , ~ This Instrument Prepared By John W., Collins CtERK C1nzU~T COURT ~ : ' First Federal Savings & Loan Association pE~~a~ycc.•flf~~-- ` ~ ; of Fort Pierce , Florida + Checked By 4~ 3S i 2~ ~ , , r . 32.58~i ~~K:~ ~ ~ ~ - . . ~ : - . ~~-~a~u :~~~~'d..e.:~~ Y . ~.C . 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