The URL can be used to link to this page

Home My WebLink About0596 ~ • ~ 3. To p~x~ ~~A coro+nuously keep on the bu~!d~ngs now o? MflJI1N fllY~tO Ofl lOid Iil1f~ and on ill equipmeM ~nd p~rson~lly tovtr~d by Ihis mwtp~ p~, with all premi~m~ ~hrreon pa~d ~n full, lire ini~rance i~ the u~ual i~andsrd pol~cy form, in ••um app~ov~d by tfa,MOR(GAGEE, ~nd windtilam inw~~nc~ in ~M uswl ~~endard po1•cy lo~rn, in • sum ipproved by ~M MORTGAGEE, in wch comp~ny w compani„ a tM MORTGAGEE may du~cq +nd ~U firo and w~nds~orm in~~ranc~ poGciei on any o! iaid b~?ild~r+ys. ~ny iMe~~sl ~F?~~~in o~ part tMt~oi, ~If IIN ~Q9teQ~q Wm ~IOffHid Of In ~acess ~hereof, shall conuin the uwal sra~xlud mo.rgage~ c~aus~ w yuch c:M~ clauw n tM Mai9~g~e ~nay reqwn. makinp tM los~ wxle~ said po1F u~~, each and ~vNy, payabk ro sa~d MORTGAGEE ai ~t• irtlerett may ~ppeN, and each and ~v~ry ~uch p~.licy ~hall b~ promptly +si.9nsd +nd d~~ivN~d ~o ~ ~ny heFd by said MORIGAGEE as 1ur~har sccv~ity lo aaid n,atpegs debt, and, ~ot leu tM~ ten (10) days i~ edranc~ of ~he ~xpir~tion of e~ch policy, to da r''..; tiwr to said MORTGAGEE a renewst thereof, to9ether wifh a teteipt for ?he p«mium of ~uch renewal: and Ihere ahall be no Firs or wind~to~m insurant,~ pl~ced an ~~y of sa:d build~ngs. a~y intt~e3t therein w pa~~ ~hereof, unless in ~M iorm and with ~M lou payable es ~faeiaidj and in the ev~nt any sun? _ i of mw+~y becornss p~yable u~der such policy a pof~ciss said MORTGAGEE shall h~ve the opt~on to receive and apply tM same on atcoum oi th~ indsbted • i ness secwed M+aby or ro permi~ said MORTGAGORS to receive and u~ it a any part thereof tor othar purposes, wi~hout iha.eb~ waivi~g w m~pair- inp any eQ~~ty, Iien a~ight under a by virtue of this mo:sya9a; and in the tvent u~d MORiGAGORS ahatl tor any reasop fsil to keep ~ht~ said premiset so „ i~vrod, a fsil 1o detive~ promptly any of seid policies of insurance to said MORiGAGEE, ot lail promptly to pay fuVly a~y p.emium therefa p in any ' re~pctt fai~ to pa~on+~, d~scharge, exetute, ef(ec~, comple~e, comply wi~h ~nd ab~de by this cwe~sM, a~ny part he~eo(, isid MORiGAGEE may pl~ce srd ~ pay (a such inwrance a any part thereof wirhout waivirp or sffecrin~ ~ny op+ion, lien, equ~ty, w r~pht undet w by virrw of thif Matpaye, and tM •i j^ ' tul) amount oi each •nd every such payment sh+ll be immedistely dvt and payable end shall bea~ interest from th~ dala thercof u~1i1 paid ~t tM rate ot nins per centum per a~num and ~o~e~her vvith such interest ~hall be secured by the lien o~ thii mortyage. 1. To permit, commil or wf(N ~o was~e, impairment a drterioration of seid property w any part thereof. - S. To pay all and si+gular ths costs, charges ~nd expenses, induding s roasonable attarney's fes ~nd coats of abttrsct~ of fitle, incuned w paid at e~y time by said MORTGAGEE, betause or m the evtnt of Ihe faiivre on the part of the said 1NORTGAGOR fo duty, promptly and fully perform, d~uhupR execute, effcct, compkre, comply w~th and ab:de by each an~ every the stipu~a~~ons, agrcenxnt~, conditiwu, snd oovenann of s~~d promiswry note and this maty~pe any a ei~her, and sa'd costs, cM~yes and expenus, each and every, shalt be immediate~y due ~nd payabl~; whether p nof thtr~ be not~ce de msnd, sttempt to collect ~r suit pending; ~~d the full amount of tacA and e~ery suth payment shall bear intersst from the date thereef un1i1 p~id at fhe ra?e of ~i~e prr ce~tum per annum; and all said costs, charges and expenses incurred or paid, together wuh such lnterest, ~11 be sstvred by tM lien of thi~ mortysy~. b. That in the event of any breach of thii Mortgage w defsu~t on the part of ~he MORTGAGOR, w(b) in the event anr of satd swns of mawy ; herein referred to be no~ promptly and fully paid wi~hin thirty (30j dsys next afie. ~he same seve?allv bccortx dw and payable, withovt dan~~d p notice, or (cj i~ tl?e event each u+d every the stipulai~an, agreements, cond~tions end coverunts of sa~d promiuory note and thit mwt9sy~ any p either sr~ no1 ~u~y, prompr~y ~nd fully perfwmed, diuharged, executed, e(fected, completed, compl~ed with and abided by, lhen in either w any such ewnt the taid gregate wm mentioned in said promisswy note then ~emaining unpaid, with inte~est accrued, and all moneys aecured hereby, shsll betome dw and psy- , sb~e fwthwitb, or therea(tx, at the opt~on of said MORTGAGEE, as fully ard completely at i( ~II of tF~ uid wms of mon~y wer~ wginally ~upvlNCd to be paid on such day, anything i~ sa:d prom~ssory note or in this Mortgage to the contrary notwithstanding; and thereupon or thcreafta at the op~ion ef said MORTGAGEE, w~thout notic.~ o? deman~, suit a~ law or in equity, thcrefore or thereafter begun, may be proktuled ss if sll moneys tetured hereby had matured p~Mr to its institution. 7. ihat in the event ~hat at the beginn~ng of or at a~y time pendirg any suit upon ~his Matgage, w to fwetlox it, or to rofwm it, or to enforp payment ot any claims hereunder, said MORTGAGEE shall apply to tha Cour1 hevii?p jwisd~ction thrreof ta the sppoinfinent of a Reteiver, such CouA shall Fo~thwith appoint a receivcr of said mortgaged property alI and singu:ar, includ~ng all and singutar the incom~, proiib, issues ~nd revenues from whatever ~ wurce drrived, each and every of whKh, it being expressly undersrood, is hereby mortgaged as if spec~iically set tath and desuibed in Ihe ~ran?ing a~d halxnJum cla~us hereof, and such Receive? shatl have all the b~oad and efiective funtt:ons and powers in anywise entr~sted by a Courl to • Reuiver, and tuch appointma~t shall be made by such Court as an admitted equity and a matter of absolute right to said N10RTGAGEE, and without re(erence to ihe edequaq o? inadequacy of the value cf ~he property mortgaged or to ~he soivency o? inso~vency of sa~d MORiGAGOR a the defendams, ar+d that such t ren~s, profits, income, issues end revenues shall be applied by such Receiver according to the lien w equity o} ssid MORTGAGEE and the pradite of suth CWr1. S. To du~y, promptty and futly perform, d~scharge. execu:e, effect, complete, comply w~rh and abidx by each and every the stipulations, agreemenb, conditio~s and covenants in said prom~ssory note and th:s mortgage set iw~h. 9. That i~ the event the ownersh~p of the mortg~ged prem~ses, or any part the•eof, beco:nes vested in a perwn other _than ft+e MORTGAGOR, the MORTGAGEE, its succeuors and auigns, may, wi~hout no~~ce to the MORTGAOR, deat w~th such successor or successa in interest with re(erence to this mortgage ~nd t!x debt hcreby secured in the same manner as with lAortgagw without in any way vitieting q dixharging the Mort9sgors' lisbility hera ? under or upon tlx deb~ he~eby secured. No sa~e of the prem;ses hereby morfgac~ed and no iwbeerence on ihe part of ths MORTGAGEE w iti successon or assigm and rw extensian of the time fw the payment of Ihe debl hereby secured given by the N10R1GAGEE or its tvccessors or aui~m, sh+ll operate ro release, disch~rge, modify change or afiect the orig~nal liabitity of ~he MORTGAGOR he?ein, either in wfiob a In psrt. 10. It is specificatly agreed that time is of t{,e esser.ce of thJs contract a~d that no waiver of any obligatio~ hereunder w of the obligation se- cured hereby sMl~ at any time thereafter be held to bc a wa~ver of the terms hereof or of the instrumtnt secured herby. 11. In add,tion to the forQgo:ng momhly payments of princ pat and interest required by the prom~ssory nore secured hereby, mortgagor covenants ~ and agrees to pay ro m.o:tgagee v~+th tach month.y pa~rr.ent an addmonal sum est:mated by mortgagee to be equal fo 1/12 of the annual tost of the toll~r- i ing: ; A-All ~cal propeny taxrs le~ned or assessed aga~~st fhe above desaibed real estate. ~ B-Prert:iums on Fire and windstorm insu•ar,ce as nerein ~equ:red to be carr~ed on the imFroveme~ts situate on the above d~scribed premises. ' C-Premi~ms un such mwtgage guaraMy i~surar,ce as mortgagte shall from t~me to time dctm fit fo wrry' on the loan setured hereby, ~ 1Vtortgagee shail from rlme to firre norify mortg~gor in writi~g of the amount due and payable hereunder and such wm shail thereupon be due and ~ i Fayable oe the due date of th. next monti,:y paymem and eacn successive month thereafter until mwtgagee shall rwtify mortgago~ of s change in suth j amount. $uth wms sF.a!I be app!ied by ~nortgag=-e toward the paymeni of teal property taxes, insurance prem:vms, and mqtgaye gusranty insur~nce : ~ premiums. } ; IN WITNE55 YiIHEREOf, the sa~d MORTGAGOR has hereunto xt his hand and seal the day and~ar rst _ : ~ Signed, Sealed d defiv red in the prexnce of: ~ ~ ?N(~ IiEG01t~E~ ~ € ` f~~~~E Lq~M7Y FLA- hn . R. Frank Jr . ~ - i POG~ti 'C,1R~S . CLEY.k CI~Gv1T COUItt n F~F~ir~ji° Evel M Y nks q Pf CA~4 YEA' SiATE Of ~ G~ ~ ~O ~ ~ 6 - COUNTY OF - -~~"~n~~ 32Fi52 Befote me peno~ally appeared John R. Franks ~ EVelV12 M Fr anks his wife, to me well known ~nd known to me to b~ the individvats described in and who execu?ed the foregang instrument, and atknowledged befue me that they exetuted the same for tM pwpo~es thereio exp~esxd. And the said Evelyn 1~. Franks w~re of +he w4a _ John Q. Franks ,,~P„a1e prnr~re examination by me taken separate and apart from her said husband, edcnowledged to and before me that she executed said insfrument freefy'41d~Wlurf ranly and witha~t any comp~ision, constraint, apprehensio~n w' 'fear of or from he~ said husband. ~ VIIITNESS my hand and official seal this-~ day of_ .~dT111dZy ~~,~1 ~'L~.~:~~~ ~ -C.G~ 7.~-t( r:I: i Oj, j i - ~ Notary public in and for tht 81aT4• ~ ~ ~ CommisiroR expires: 7 ~t , ~ . F ~ Return To: ' ~ ' ~ first Fedenl Savi s 8 loan Associat~on lllil/ ~ ~ ~9 0F ~a h2 Iy1 / y%' ~%s J .1 ~y';~r;~ , t ; OF Fo~t P,crce. ~ + ' @ ~ ~-r~ ~f yt Fort Pierce. flor~da . `.i i~i _ ~~~~.I. . . ~"r ~ t T+''~! ''~V'~i~f.Si,~~~,`• - ~ ~ ' t ~,••'~~~~/h~l~:~~.~"~~,•' ' ~ ' ~ ' . . t ~ This Instrument Prepared ByDonald E. Hughes , ~ ~ ~ First Federal Savings & loan Association f of Fort Pierce, F lor i da ; ~ ~PACf ~ ~ ~ Checked ey l~- - FrI i ~ ~ ~ • . . t ~ ,.r_ " . _ ~ - - - - ' - - - ~T:~~ ~ ~ - ~ x 7 _d ~"°ie.~ ~~x ,._s_ - ~ t4F,~~^~ r _