The URL can be used to link to this page

Home My WebLink About0066 • 9. To plac~ and continuously kcep on ~M bu~'d~nq~ ~ow a Mreafre~ uiwt~ on sa~d land aod on ~II equipmem and p~norwily cov~r~d by ~hti ma~ ~p~, wi~h ali prsmium~ tharea+ pa~d ~n f~ll, t~r~ in~~r.nc~ ~n iM usual •~andard pol~cy (o~m, in a sum •F~p~oved by tFK MORfGAGEE, and winditam , insw~nt~ (n tM ~iu~l ~randard pol~cy fam, in • sum ~pprovtd by tM MORTGAGEE, i~ tuch company or tompanits ~s tM MORTGAGEE may dincq ~nd all iira u~d windstorm ir?~urante policies on ~~y o( seid b~ildinp~, ~ny in?er~it ~F~~in o~ p~rt Iher~of~ in tM +pq~e9a~~ tum ~(a~iaid ot tn ~xusi tF?ereof, ~hall cw,win tM usual ftandard ma~ya~ clau~ a iuch otl+K cl~uH IM Mortype~ may r~qu~r~, m~kinp 1M lou ~ndN sa~d po1F cie~, e+ch and evtryr, payabl~ ro iaid MORTGAGEE a~ iti 111~Hp/ may ~ppear, ~nd e~cA and ~wry t~ch policy shatl b~ promptly aa•pn~d afld dfllVfffil to •ny heW by said MORIGAGEE ~s fur~her sccu~ity te u~d mwtpp~ debt, and, not Itu /Mn t~n (i0) days in advanc~ of the expiration of esch polity, to da IivN fo taid MORTGAGEE a renewal the~eof, fopetM~ with a rec~ipt fw tM pr~mivm of iuth renew~l~ and IMr~ ihall be.no firf w windtilam in~ur~nt~ , pl~ced on ~ny of uid buildinps, ~ny interest lhcrei~ or part thercof, unless in tlk iorm a~d with tM lots pay~bl~ as alwesaW; and 1~ tM ~v~nt any wrt~ of mon~y becomes pay+bl~ undsr ~uch policy or polici~s s+id 1NORTGAGEE shall Mw rh~ option a receiw ~nd ~pply the sa~n~ on ~ccount of ?M Indeb~ed~ , nau ietu?ed hereby w to permit ~aid MORTGAGORS Io reCeiw ~nd u~s i1 a any peri ?hereof for othe~ purposei, without thereb/ waivi~p ot ~mpair- inp any puity, Iien o~ righ~ undar a by virwe oi thia mortga~e; ~~d in Ih~ event sa~d MORTGAGORS shall for ~ny rtawn i~il ro kt~p tM ta~d pr~miie~ w - insured, or fail to detiver promptly sny of said polKies of insurance to sa~d MORTGAGEE, o~ fsil promptly to pay fully ~~y premium tAerefw w in any . _ respect fail to ptrfam, d~xhuge, execute, eF(ect, complste, comply with and abida by this covanant, o~ any part hereof, said MORiGAGEE may plac~ ~nd pay fw such Insur~nca u any pah thereof wi+hout waivinp a~ffectinp any opiion, lien, equity, or right undsr or by vi?tw of this Mw~ya~s, a~d tM full amo~nt oi each and every such payment shall be immedia?ely du~ and payabls •nd shall bea~ intere~t }rom ths date thereof until paid ~1 tM rat~ of - nins per ceMum psr annum ard togerher wi~h suth interest shall be secured by tM lien of thia mortppe. 4. To psrmit, commit a suf(er no wsste, impairment or de~erioration of said pro{xrty w~ny paA thereof, S. To pay all and ~irgulu tM co~ts, ch~~ge~ ~rid expenfes, includinp a reasonable attornsy'a fee ~nd coiri of sbstr~cts of titls, incuned or p+id ~t ! any time by said MORTGAGEE, betause or in the event of the failure on the part of 1M said MORiGAGOR 1o dvly, promplly u+d fuQy pe~(art4 dficMryR ± execute, effec?, complett, comply with and ab~de by each and every the ~tipulat~o~s, agreements, conditiaa, and covenanri of said promissory note and thi~ mor~pape aryr or e~tAer, and sa~d costs, cMrget and expenses, c~ch and avery, sF+a~l be immediately due and payablr, whe~her or not ther~ b~ notict dr ~ mand, attcmpt to collect w•uit pend~ng; and ths fu11 amount of each and rvcry such paymem shall bcu intere~l from the date thereof until paid al the rate ol nine per centum per an~wm; and all said costt, chsryea and axpenses incurred or paid, together w~th i~th i~terest, sMlf bt secu~ed by the li~~ of thu mott~~ge. 6. That (a) i~ f1rc event of any bresch of thi~ J4lortgsya or defa~lt on tM part of thc MORTGAGOR, a(b) in the event any of ~a~d tvms of mon~y herein referred to be no~ prompfly and (ully paid within thirty (30) days ~exf after the same uverally become due and payabk, without d~mand or notice, w(c) in the ~vsm exh end e~ery ~FM atipu~aiions. agreemen~s. conditlona snd covenan~i ot sa~d promisswy note snd th~s mortya~ any w ~ith~r sn not ~uly, pfCn'igtlp ~rr.~ f~!!Y Fwfer.....~, .1:..l...~, ~...'~.e.el, .ffwrr.el, reL,+~e..l, re..u=.I;wi wifh akl ah~dwd Syr ?F+M in eitFw or any sutF~ awnf ~!r uid ~g gregats sum mentioned in said promissory note then remaininp unpaid, with interesl sccrued, and all mo~eys xtured hereby, tMll betorn~ dw and pay- able forthwith, o? thereafter, at the opt~on ol said MORTGAGEE, as Fully end compleiety as if ell of ?he wid sums of monty were originally stipulated to be p+~id on such day, anything in sa:d promissory note w in Ihis Matgage to the con~ra?y notwithstending; and thereupon o? there+fter at tM option of said MORTGAGEE, wirhout notice or demand, suit at Iaw w in eqvity, tFxre(we a thcreattcr begun, may be prosetuted u if all ~noneys secur~d Mreby• had matured pr~or to ~n institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mwtgage, w to fweclose it, or ro reform it, o? to enfwp paymeM of any claims hereunder, said MORTGAGEE shall appty b the Cov~1 hsviny jurisdiction thereot fw the ~ppo~ntmant of a Retriver, such Court shall fw~hwith appoint a receiver of said mortgagsd property all and singufa?, inctud~ng all and singular the income, proF~ts, iuues and rerenues from whaf~ver wurc~ de~ived, eath and every of whrch, if being expressly unde~stood, is hereby mortgaged as it spedfically set fath and d~saibed in the yr~ntiry and habendum tlauses hereoF, and such Rccaiver shall have all the broad and effettive funct~ons and powers i~ anywise entr~sted by a Courf to • Receiv~r, ~nd •uch appointment sFall be made by sucA Court as an adm.itted equity e~d s ma~ter of absolure right ro taid MORTGAGEE, and withouf reference to th~ adequacy or inadequacy ot the vatue of ~he property mortgaged or 10 IFI! 101VCr1CY or inso~vency of said MORTGAGOR or fhe d~fend~nts, ~nd fhat such renn, profits, income, issues and revtn~es sha11 be applied by such Receiver eccwding lo the lien or puity of said MORTGAGEE ~nd the prattiu of suth Court. - 8. To du:y. Promptly and 4_!!y ptrfa.~, d:;h::gr, exr.:,tt. ~*ft;s, rs:r~Et:r. c~n~:~ ,~Eth ahedt b~ tat3~ a~ trrtrtit the sii~:!s:;asss, agtta:s.entt, conditions and covenants in aatii promissory note and this mortgage set futh. 9. That in the event the ownenhip of 1he mortgaged premises, or any part thereof, betomes vested in ~ person other than tM MORTGAGOR, t!» MORTGAGEE, itt wccesaora and assig~n, may, without notice to the MORTGAOR, deal with such succeswr w~uccessor io i.iter~st wi~h _ reference to thia mo.tgage and the deb~ hereby secured i~ the same manner as w+th Mortgaqw wi~Fw~t in a~y way vitiatin9 w d~scharging the MortqaQors' liability her~- under w upon the debt hcreby secured. Ne sale o( the premises hereby mortgaged and no fwbearsnce on the paat of the IKORTGAGEE w its waessw~ or sssigns and no exrensron of rhe time for the payment of the dcbt hereby secured given by Ihe MORTGAGEE or its svccessors or ass~qns, shall operate ro relesu, diuF+arge, modify change w affect the orig~nal IiabiGty of the MORTGAGOR herein, either in whok or In part. ~ 10. It i~ apec~ficalty agreed tha~ time is o1 the cssence of th~s contrut and that no w~iver of any obligat7on he~eunder p of the oblip~tan se- cvred hereby aAall at a~y time thereafter be held to be ~ waiver of the terms he~eof or of the inslrument secured herby. 11. In add~t~on to the fwego:ng monthty paym-~ts of princ pal and interet? required by the promissory no!e iecurad hereby, mortgsgw covenants and agrees to pay to mo:tgagee wirh euh monrhty payrnent art add~rional sum est;matcd by mortgagee ro be eqval to 1 J12 of the annual cost of the follow- ing: A-Alt real property faxes levied or assessed agai ~st the above dtscribed real estate. i B-Premiums on irre and windsto~m insurarce as herein req~:red to be carried on the improvements situate on the above desaibed premises. i C-Premiums on such morfgage guaranty insurance as mortgagee shatl frum t'me to time deem fit to csrry on the loan secured hercby. i Mortgagee shall lrom time to t~rne notify mortgagor in writing of the amount due and payabk hereunder snd wch sum sFwll theraupo~.Fx due snd payable on the due date of the next monthEy payment and each successive month thereafter ur.tii nwtgsgee shall notify mortgsgw of a change in such amount. $uch sums aF.ali be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranfy insurance ; premiums. f IN WITNESS 1VNEREOF, the said MORTGAGOR has hereunto xt his hand and seal fhe day and year first aforesaid_ E Signed. Sealed and delivered in the presente of: ~M4 Q~S(~j~~ f ~ f Ci~~~~~ F ' /~tiL , ~u` iT,~~Eh POITApf ~T CIEaK C`a~~?1 C011 ~ aECOpo YEK~f~fD n..q ~ f "'~G" rc-.0 ST tE Of RIDA ~ ~ I~ ~T ~ s t. I.uc i e u- ;,3~,~~'r`.2 ~ COUNTY OF ~ ~ ~ eefwe me pe~wnally eppeared Jo seph G. SP1 t 2 ~ ro-me well known and known to me to b~ ~ the indiridua7 described in and who executed the tweyoiny instrument, and ackrwwledged befae me thst Fro exatuted the same for the p~rposef ~ rherein expreased. ~~1Yi~~~XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX}IXXXXX ~ ,if,~i7~KiKXXQi xXxXxxXXXxxxxXXXXxxxxxxXxxxXXhxxxxXXxXXxxX w af~aWc ~ l4a~i~F~6 ~~4~,?~ ~f a ~f.?fyK.Xd~iGrll~~~~~~~~~f+~ka4,~;v~~~~~6~~ ~ WITNESS my hand and official seel this day o~ May A, p. 19 76 ~ r ~ C L ~ ~ T/~ r- l Notsr Pvb~k in s for the State of fbrida at lar ~ N ~ 1 t^R~ L~. r~~~~ L.l My CoZ+rr.ission e res: ~ t :.L DO':vtl'~~~.I:±R.Y - . STt~ M F~-~' j , ~ . . ~ c ~JEr'i. tsf REVENVE ` . . .:,'c o' ..c: r: ~ (r~ ~ ~ _ = J` + :~5~.:'~=f~~ q ~ :t.. .om.~:ss~oa t~pir~+~ h~g. 'sl. 5=77 t ~ P.e. • t-'it 1-~~:~;~ ~ 4 L. Q 0; E_:.dei Gy A.n.eticm-r E~~e b ~e:.~;,ir! G~. ~ - n - . ~ . .~y. _ _ _ _ ' . O 1 . . . . . . . . . . . .,~C ~ . _ u This Instrurr~ent Prepared By Richard K. Kayes ''r ~ ~ : . ~ First Federa! Savings 8~ toan Association L.; ~ • ' of Fort Pierce Florida ` ~ ~ ' ' ~ 'r D"_ 0 ~ ~ Checked By E'~:i PA"vE ~ ~'ti ~ - ~ ~ - . ' ~ ~ • ~ ~ ~ ~ - - - - - - - ~ ~ ~ . . ~sE