The URL can be used to link to this page

Home My WebLink About0010 ~ J. io pl~ce •nd con~inuously keap o~ thc bui'J~ngs now a 1~ercafrer ~~~u~~s on s~~d I~~d ~nd o~ ail equipment and p~rfon~lly tov~rad by thif morl¢ pt, w~~h ~II premiums ~hereon pa~d ~n iuli, fire inw~~r~cc m:he uwat s~andud pobq form, in • sum appro+ed by tM MORiGAGEE, •nd w~ndtitam Insu~anc~ In ths ~swl u~ndard po2~cy form, in a sum approred by ~he MORiGAGEE, in tuch company w compa~iei af ~M MORiGAGEE m~y duec~j ~nd atl fir~ •nd wi~cl~torm insurancs poliue• on sny ot spid build~~ps, ~ny Illtff011 fA~rli~f Of part theieoi, In the aygrep~te ~~m afa~uid o~ In ~xtesf Iher~o(, sh~t) cont~in ~he usual ita~~dard mw?ga~s~ t~ause w such o~he~ tlaus~ af tM Mlort9apee m~y wqu~n, makinp Ih~ lo~f unde+ ae~d polF ci~s, ~~ch ~nd evay, paysbt~ ro sa~d MORiGAGEE a~ t~ inlrre~t may ~ppeer, ~nd eacA and every wch pot~cy ~h~ll be promp~ly ~s~ q~cd and d~~~vered ~o ~ny hetd by ufd MORfGAGEE ae 1u~~Mr sccw~ty ~o s~~~ roatya~a debt, and, not tess M~a~ I~n (10) d+ys in •dwnc~ ol tM •Yp~r~econ of e~ch po1Ky, to dr IivN to said MORTGAGiE a renewal ~hereof, ~oyeiher witk ~cceipl fo~ Ihe premsum o1 ~uch ~enewai; ~r~d ~here tMll be no lu• or windstorm insur~nc~ pl~c~d on aoy of s~id buill~nys, ~ny intereft then~n or par ~hereo/, untess in rM form and wi~h ~M losf payoble a~ aiw~wid; ~nd in ~l+e w~n1 ~ny wnn of mon~y becom~~ payable undcr auch policy o~ pofcies ORiGAGEE shall haw the opGOn to rece~ve s~x1 apply ~he sams on acco~m of ~M indebt~d- • rt.~ss secur~d Mreby a to permit said MORTGAGORS lo ive and uw it or any pa~t thereot fo~ otncr Hu~posrs, v.~th.ut ~ha•eu~ waiving or unpai~- inp any eqwty, Geo or rtghl under or by vi~tue oi ~hi~ mortgage; ~nd in ~he evcnt u:d MORTGAGORS ihall iw any reaton iaN to kc~p ~hs sa~d prtmiscs so ins~red, a i~i) t6'dltlv6T"promptty any of said pol~cies ol in~ursnte to said MORTGAGEE, a(a~l promptly to pay fu~ty any pranium therefw w it~ any naped bil b perform, d~scharge, execute, e~Fect, compte~e, comply wi~h ~nd abids by ~h~t cove~am, w aoy p~r1 he~w}, ~aid MORiGAGEE m~y pl~ct +~d DaY fnr a:.eA Snuu.v~r~ ev any nar~ ~I..•.ni w~~l.r...~ waiv:..es .v .{I..~:.rs ewlr iM~~:M li~n. ~n.~:fy_ M•Gnld ~~~v{.. ev bv vi•e..r efl flu~ A<<v~t3apw: ane~ d+e full ~mount oi each and ~very such payment sMll bs ~mmediately dw and payabls •nd sAalla beu interest f~om th~ dde thereo) u~?il paid ~t tM ra~t ol ni~e per cemurr~ pe~ ~nnum and to~ether vvirh such inte~esl shall !u secured by fM lien o( this mafgape. 1. To pe~mi/, tommit p suf(er no w~~te, impairment w deterio~atio~ of said property or any paA thercof. 5. To p~y ~tl and singular the ooset, charges and expenus, including a reasonabk attaney'i (ee and costs of abstracts o( title, incurred p paid al any time by se~d MORtGAGfE, becfu~e or in the even~ of tha fa~lure on the par~ of the ~sid MORTGAGOR to duly, promptly and fully perfwm, d~uharg~. execute, effect, compteh, comply w~th and ab:de by each and every the sGpulat~ons, ~greements, conditi~ns, and covenants o( sa~d promi~swy note and thu mwtgape any or eirh~r, ~nd sa~d cosb, charges and eapcnses, each and svery, fhatl be immed'utely due snd payable; whctMr w not ehere be notKe d~ mand, attempt ~o coliect p suit pend~ng; and the futl amoum of each ~nd e~er~ such payment ahatl bea? inle~esf from the date tAe~eof until p~id ~t the rate ol n~ne per cenrum per annum; and ell said cosrs, thargei and expenses incurred o~ paid, togefher w~th ivch iroerest, iMll 6~ ~ecured by tM lien of thi~ mortpay~. 6. That (a) in the evenl ot any breach oi this Mortgag~ w defeulr on fl,e part of the MORTGAGOR, a tb) in the event any of ia~d sums of mon~y herein referred to be not promp~ly and fvlly pa~d w~rhin th;~ty (30) days next af?er the same severally bccome dve ~nd payabl~, without derrNnd o~ no~ice, or in tl~e event each and erery the stiputari«u, sgreement~, cond~tions and covenanti of sa~d promissory note and th~s mortyaye any w either a~e not ~uly, p~omptly and futly perfwmed, d~uharged, e+~ecuted, eifecrrd, canpleted, compi~ed w~th and ab~ded ~y, then in e~ther a any s~ch w~nt t1» fa~d ag pregate sum rnentioned in said promissxy note thtn remaining unpaid, with interest accrued, and il! moneys secured hereby, thall become dw and p~y~ able torthwith, a thcrcaite+, at the oprion ot sa~d MORTGAGEE, as (ully ard completely as ii •11 0l the aaid sums oi money were wginally stipv~atcd ro be pa~d on such day, anything in sa:d prom~ss«y note a in this Mortgage to the con+r~ry notwirhstand~ng; and therevpon or thereaher at ?he option ot said MORTGAGEE, without notice or demand, suit at law a in eqwty, there(ort w thereahcr beyuo, may be proxcuted si if all moneys setured Aereby had mat~red pnor to ~ts institut~on. 7. That in tl+e event that at the beginning of a at any time pcnding eny suit upon this Morfgage, or to faectose it, a to refwm it, or to enforp payment of any claims hereunder, said MORTGAGEE shal! apply to the Court having jw~sd~ction thereof fa the appo~ntmenl of ~ Receiver, such Court shall forthwith appoint a receiver oF sa~d mwigaged p~ope~ty all snd singvlar, inclvd ng atl and sinq~lsr the income, prof~ts, iuues and reven~es from whstever sovrce derived, each and every of wh:ch, it be~ng e.pressty unders~ood, i~ hereb~ mcregaged as tpeufically set fa~h and described in the yr~nting and hsbendum ctauses Fxreol, and such Rcceiver shatf hsve a~t the broad and effecr~ve funct.ons and po+ven in anyw~se entrusted by • Court to a Receiver, snd such sppointmcnt shall be msde by such Court as an edmi~ted equity a~d a ma~ter o( absolu~e r~ght to said MORTGAGEE, snd witAout te(e~ente to the adequacy or inadequacy of the vaiue of the properey mortgaged or to the soiventy o. ~nsolvency of said MORTGAGOR w the defendants, snd that such rents, profits, incortse, iasues and revtnues sl~alf be app:ied 'cy suth Receiver accord~~ig to the lien or equity of said MORTGAGEE and the~utite of s~ch Court. . B. To duty, promptly and fvl:y per(orm, d~scharge, execute, effect, complete, comply w~th ~nd abide by each and evrry 1M stipu(ations, ag~eemsnt~, cond~tans and cove~anta ~n sa~d promiasory noie snd th~s mort9aqe set torth. 9. That ie+ the event the ownership of th~ mortgaged premises, or any part thcreof, becomes vested in • person other fhsn the MORTGAGOR, the MORTGAGEE, its successon snd as~iyns, may, wirhout notice to ?he :yWRTGAOR, de~l with such successor a tutcessor in interest wi~h refer~nce to this mortgage snd the debt hc~eby sec~red in the same manner as with Mortgagw without in any way vitiatiny oc discF~srqing the Nbrtgsgori liability here~ under a upon the debt hereby secured. Np sate of the Fremises hereby mortgaged and no (orbearance on IFa part of the INORiGAGEE w its iuccesson or a~sg~s and no exrens[on of the t~me fa rhe ~ymenr of the deh+ h.•~by scco.ed fl~~sn by rF,e lu1(~RTC;AC;EE o~ its tvccesso.~ o~ ass:~~e, :tie!! ~Ferate ~o release, d:xMr9e, modi(y change or affect tF~ oriyinal liab~:ity of the MDRTGAGOR herein, either in whole o~ in part. 10. It is spec~fically agr~d that time is of -th~ cuence_of _:his_cont~aa and tM1 no waiver of any obligal~on hc~eunder w of the obliyation te- • cured hercby shatl at any time rhereafter be held to be e wa~rer of the terms hereof u of the insrrument secured herby. I 1. In aod:tro~ to the (wegc ng monthfy paym.ems of princ'pal and lnrerest ~equ~red by the prom:siary note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee v~i~h each monthiy pay.nenf an sdd.rional ium est~maied by morlgagee lo be equal to 1/12 of the annua! cost of the follow- 'ng: ! A-All real prope.ty taaes Iev+ed w assessed agai•ist thc a6ove desc~ibed real esrate. ~ B-Prem.~ums on fire and w~ndstorm ~nwracte as herein requ~red to be ca~ried on the :mFrovemeMS s~twte oo the above d-scribed premises. C-Premiums on wch mongage guaranty ins.,rar:ce as mon9agee s!~ail from r;me to time deem fit to carry or~ the losn secured hereby. Mortgagee shail from t~me to rime no~~fy mo~tgago~ ~n wrrt~ng of the amoun~ due and payable her~ndar and such sum shall thcreupon be due and payable on the due date oi the next monthly payment a~d each successive month thereafter ur.til mortgagee shatl ~otify mortgayoF-aF a.change in such amo~nt_ Such sums shait be appGed by rnortgag?e toward the payment of real property taxes, insurance prem;ums, and mwtgage guaronty inwwnce prert~iums. IN WITNESS ~NHEREOf, the sa~d MORTGAGpR has hereu~to set h~s hand and seal the day and year first aforesaid Sipned. Sealed and delive~ed in the presence of: Q7~ L Dn n. ou . . * lt~•. . y ~l t ~ ` ~e~n . n tl1T3T! a ~5~.~ Tr o STATE dF fIORIDA ~ 8n • ~ ~ ~t. Iucie ~ u- COUNTY OF - ~ ~ _ ' ~ Y p~a~ed Joht1 A. TTOUt ~ G? `:.y ~ ~ ~nd Befae me personall a , : rlanda P;. Trout , ; , his wife, to tele Y }~_~p b~ tha individwts deuribed in snd who executed the fw i mstrument, and scknowlcdyed befwe me that they exe`y'~ .santM'~T~~~,putpp~e~ ~?x.~~~ exp~essed. a~a rhe ..;a Wan~a~I. Trout k,..~y~ wifs of ths ~aid .iohn A. TI'OM1lt. ~ upon • separ~ti.snd pirv~t~ e:aminat~on by me taken separate and apart from her sa~d husband, ~cknowtedged ro and beiore me that she executed said imtrument freely ~nd vol~r~ tsrily ~nd without ~ny compulsan, co~stroin?, appr ty;on, o~ fesr of w from her ssid husba~j / WITNESS my hand and official sed tbi~ ~ day of N~-CL- ' D. 19 ~b ' Nofary Publ~c and iw State of florida ~t larp~ My Commiuion Return To: ~ p~ a~ tM~ fint Federa) Savings 3 losn Associat~on ~~gy ~K. S~ oI 14~ Of Fort P:erce. ~.r~p~sTj~~1 E1Qitti AY9. 3 Fort Pierce. Florida ~~,;.,d wr•et~c~• i'^ 6~:•~ C~~ r . ~ s 3~2~E5 - This Instrument Prepared By jbnald E. }~ughes First Federal Savings & loan Association E LEO AYD ~ECURpEp . of Fort Pierce ~ Florida i~. LI~CIf COUMt1' F~~, CLE~~ ~~~~~T COU4 Checked By'~- PECOAD V~R!~IE~~ - ~ ~ ~ I I tl pM '76 600x FA6E