The URL can be used to link to this page

Home My WebLink About0806 I • I ~ J. To pfac~ •nd coniinuously keep on ~he bu~'d~ngs now a he~eaf~er ~it~ate on sa~d land and on a?1 cqu~p=nen~ ~r.d pe~ion~lly tovt?ed by thif ma19- p~, with all pr~m~v~nt thcreon pa~d in lutl, (~re insura~xa in the ~s~al standa~d po~icy form, in s sum app~o~ed Ey ~he MORfGAGEE, and windstam iniura~ce in ~hs u:ual •undsrd pol~cy (am, i~ a sum approved by ~he MORiGAGEE, in tuch compa~y or companie~ as ths MORTGAGEE may ~ dirMj ~nd all iira and w~ndito~m i~sura~c~ polic~e• on any of isid build~npi, any intp~~t therein or part thereol, in the agpreqire sum afaeuid a In ~:cefs thereof, shall con~ain tM usuel standard mortpagee clause a such o~her clause ~s ?M Malgagee may requ:rs, makinp ths los~ ur+de~ sa~d po1F cies. e+ch and •very, payab~e to said AIORTGAGEE as ita interest may appear, end each a~d ~very such~ po!~ty shall be promptly au gned and delivsred to any held by satd MORfGAGEE sa (ur~her secuiity to sacd mor~gage deb~, and, not Ie~s ~han ten (10) days in advance oi the expiraYwn of each po1Ky, to dH IivN to teid MORTGAGEE a renewal ihe~r;;:, foge~her wi~h a rece~pt fw the p~emium ot such renewal; and fhere iha11 be no iire or w~ndsto~m insuranc~ placed on ~ny of s~id buildings, s~~y inte~eit there~n w par~ thereof, untess In the torm and w~th tM losi pay~ble ai afwtsaid; ~nd in ~M ~vsnt eny tum o( morNy becpmes payab7e under such policy o~ pol~c;es ia~d MORTGAGEE shall have ~he option ro rrceive and apply the ssme on acco~nt ot the indebted~ ntu secured hereby a to permit sa~d MORTGAGORS ~o receive and use i1 a any par~ thereof fo+ o:her pu~pases, w~~hcu~ th:+co~ wa~~~~~g o~ ~mpa~r• inp ~ny equity, Iien o~ righl under o~ by virlue ot thit morsgsge; ~nd in Ihe event sa~d MORTGAGORS shatl (a •ny ~eaw~? fail to kcep the said premiuf so insured, a fail to delivt~r promptly a~y of said policief ot insurente to said ARORiGAGEE, a fa~~ p~omptly to pay fully any pre+nium lherefw or in any rqped fail fo pa~iwm, d~acharge, execute, eflect, complete, comply wiih ~nd ab~de by this covenan~, w any parl ho~roi, sa~d MORTGAGEE may pi~t~ ~nd pay fa such insurar~c~ or ~ny parl thereof wi~hout wsivin~ ;•z affectiny sny op~ion, lien, equi~y, w rigM unde~ o~ by virtue of ~his Ma~9age, ~nd the full ~mounl o( eatA and ewry such p~ymenl ~MII be immediately due and p~yabls •nd shall bear interest irom the date thereol until paid at the rate ol n~ne pa centam pe~ annum and to~ether with such interest shall tx secured by the lien of thi~ mortgage. 1. To permit, commit p suftec no waite, lmpairment o~ deterioration of said property w any paA thcreof. S. To pay sll and sirgula? tha costs, cMrpes snd expenus, inctuding a ressonable anwney's Tee and costs o1 abstracts of title, incur.ed o~ psid al any ~ime by said MORTGAG:E, because a in ?I+e event of the fa~iure o~ the part oi ~he said MORTGAGOR ta du~y, promptly and fully peripm, dixharge, execute, efted, complete, comply w~th and ab;de by each and every the stipulations, agrcements, conditiwu, and covena~ts of said promissory nole and thi~ mwfga~e aoy w e~~her, ~nd sa~d cosn, chargei and eapenses, esch and every, sMll be immediatcly due and payable; whether or not there be notice de msnd, attempt to collett Ot wit pendi~; ~nd the futl amouM of each a~d eve?y ~uch paymeM sha!! besr interest from the date tFKreof unlil paid at th! rate of nine per ceroum pe~ annum; and all said wsts, charges and e~epenses inturred w paid, together w~th such interesl, shall be secured by the lien of th~~ matyage. 6. That (a) in fhe event of any breach of this Mortgsge or defautt on the part of fhe MORTGAGpR, w(b) in the event any of u~d suma of money hercin ~efe~red ro be not promptly and fully paid within ~hir~y (3pf days nea~ afrer the same severally become due and payable, withoW demand w notice, w(c) in the event each and every the stipulations, egreements, cond~t~ons and covenants ot sa~d promisso~y oote and th~s mortgage a~y or either ere no1 luly. promptly and fu~Iy periwmed, d~uha~qed, e:ecuted, effected, complaeed, complied with ~nd ab~ded Sy, then iR eilher d any such eveM 1FW said ag r at m nt' y eg e su me aned in :aid promissory note then remaini un aid, with in~erest accrued, and all mone s setured hereb snall betome d and ^9 P Y Y. ~ WY~ ' •ble fwthwi~h, o~ thereafeer, at the oPt~on ol said AtORTGAGEE, as fully and comple~ely as if atl of the said s~ms of money were aigin~lly it~pulated to be pa+d on such day, enything in sa:d prom~ssory note or in this Ma~gage to the conrrary notwithslanding; and thereupon or thereafter at the opt~on o( said MQ~?S'iAGEE, without nWKe o~ demand, suit at taw or in eqvity, therefore or thrreaiter begun, may be proxcuted as if all moneys setured hereby had maturcd pnw ro~b inatitutwn. 7. That in the event that ~t the beginning of or at any t~me pending any suit upon this Mortgage, a to foreclose it, or to refwm it, o? to enfwce paymeM of ~ny cla~ms hcr~nder, said MORTGAGEE shall apply to the Court having jurisd:a~on thereof for ~he appo~ntment of • Qeceiver, such Courl shal! fathwith appoint a rece~ver oi said mortgaged properfy alt and singular, includ~ng all and singu~ar the income, pro(its, issues and revenue~ trom whatever •ource deri~ed, exh •n.! every of wh~ch, il beiny expressty understood, is hereby mor~gaged as if speufically ~t fo~th and described in the g~anting and habendum clausei hereof, and such Receiver shall Mve alt tM br~ad and ef(ective (unct.ons and power~ in anywise entr~sted by a Court to a Receiver, and sucFi sppointment shall be made by such Covrt as an admitted equity and a matter of absolute right to said MORTGAGEE, and wi~hout reierence to the sdequacy w inadequxy of the va:ue of the p~operty mortgsged o~ 1o the so~vency or insolvency o( said 1V10RiGAGOR a the defendants, and that such rents, protiq, incorne, issuea and revenuef ahall be appiied by such Reteiver accord~ng to the lien or equity of said NM17RTGAGEE and the practice of such Covtt. . - 8. To duly, p~omptly ~nd fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, ag?!lmMt~. conditions ~nd covenants in w~d promiuory ~ote and this mortgage set forrh. 9. That in the evenf the onrnenhip of Ihe morlgaged premises, or any part thereof, becomes vesfed in a person other than the MORTGAGpR, the MORTGAGEE, its successors and ass~gns, may, wirho~~ no~ice to the MORTGAOR, deal wi?h such successor or successa in interest w~~h reference to tnis mor~gage snd the deb~ hereby secur~d in the same manner as with Mortgagor withaut in any way vitiating or diuharging the Mwtgagors' liability hera under or upo~ the debt hereby secured. No sale of the Fremises hereby mortgaged and no fo.bearance on the part of the MORTGAGEE a its successas o. augns and no extens~o~ of ehe rime fw the payment of the debt .hereby securcd given by the MORTGAGEE a its succeasors w su~gns, shall operate ro releau, d~xha~Qe, modify change w af(ect the org~nal liab~l~ty of the MORTGAGOR here~n, either in whole or in part. 10. It is sprtifically agreed lhat time is of the e:sence of this contrxt and that no waive~ of any obligation hereunder w of the oblig~tan sr cured hereby shell at any time thereafter be hefd fo !x a waiver of the terrtu hereof or of the instrument secu+ed herby. I1. In add~tion to the faego'ng monthly paym-nts of princ'pal and i~terest required by the prom~ssory note secured hereby, mortgagor tovenanb and agrees to pay Io mortgagee with each monthly payment an;dd;t7o~?al sum est~mated by mortgagee to be equai to 1/12 of the annual cost of the fo:low- ing: A-All real property taxes levied w assessed against the above descri~ed real estate. B-Premiu~ns on fire and windstorm insurarce as herein req~:red to be carried on the improvements situate on the abore d-scribed premises. C-Premiums on such mortgage guaranty insurar:ce as mortgagee shall from t;me to tirne deem fit to carry on the losn secured hereby. Mwtgagee shall from time to time notify mortgagor in writ~ng of the amov~t due and payable hereunder and sucA wm shal) thereupon be due snd payable on the due date of ~he next month;y payment and each successive month thereaft~r ur.til mortgagee shall notify mortgagor of a change in such a-nount. $uch sums sF.a1i be apptied by mortgagee tovvard the paymem of real property taxes, i~surance prem;ums, and mortgage guaranty insurance premiums. j , IN VlITNE55~ WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. _ Si9ned. Sealed ~nd delivered in the presence of: ~ 'f ancy 8 8 ilg e U ~a ) f ~ ~ ~se.4 ~ xc~ - : , - n ' ~ f _ ..:.`ti`~ti,~ . .~~~F~~~ i STATE Of flORIOA ~ ~ `;'4. ~ ;::I =,f~i ~ St = Ta~r i a . 1.' .s • 1 . `4. c~~~~T v~ i - ~ ~ ~'.:;.,Y4 : ~ Nanc Wix a s 1 le adult - ' ~ ~ ~ ~ ~ ~ ~ d ~ = ~ Before me peisonally appeared - y s ~~~7C~ j ~to rn~welrknownsrt8~(ooown b mtto-b~ ` the i~dividwl deuribed in and who executed the foregoing instrument, snd acknowledged befwe me thatthe: =xaciMSd }Fia~ ssn~q,~l~ Z1~r p~'po~e~ j ~hcrein exp~essed. . ~ S.u ~ • . ]O~~ 'i I ~ • • ~ J ~t~~llllltN~t~~~ 7fo WITNE55 my hsnd and official seal this ~ - day of • A. D. 19 Nota tic ' and for the State of Florida at Larye My Commission expi~~ 0' ~W~ ~ t~ Ret~rn Ta Ry~. First Federa) Savings b Loan Association ' N0~ ~ Of Fort P;crce. ~~K Ea: P:a::e. E:c.:S:a l~rwc~' iw ~ C~+~s C~~r~ i;J~~i~~_ - This Instrument Prepared By Robert p. S~aisher, Jr. First Federal Savings b Loan Association C~ p~0 . of Fort Pierce ST~L1~1CiE GOU1f~T fU• ROCER PO~taAS Checked By ~~ERK C~K~Utt COU REC4fi0 YE~~~tEO . ~ 19 2 s4 eN'~6 _ 0 F~~~: 802 ~