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HomeMy WebLinkAbout1581 Te place and continuously keep on tM buildings now a hereafter situate or, ad land and on aN puipment and pwtwnalhl rousted by thh ^art f eg•, with ell premiums tMreon paid in full, fire inwrance M tM uswl standard policy tam, fn • sum approved by tM MORTGAGEE, and wirrdatorrn' I Imwana N tM uawl srurda.d policy form, M e wm appoved by tM MORTGAGEE. M such tonrpany o. wmpania a tM MORTGAGEE may" ~ . direst end all fire and windstorm inwrana policies on any of said buildings, •nll Interest thwein or put thereof, h tM apgrpate sum aforesaid q.,v M exact tMreoi, atoll contaNr tM uwal atarrdud natgagee dava a such wlrw claua a tM Mortgagee m.y require. making tM lost undw said pdf• des, each and every, payable ro tad MORTGAGEE as in Mterat may apPeir, and each and awry wdr policy atoll be promptly aa.gned and delivered to wry Mb by said MORTGAGEE a furtMr secwtty ro ad morpage debt, and. not lest than ten (10) days h advance of tM exp'uation of each policy, b da liver ro said MORTGAGEE a renewal thwcof, together with • receipt for tM premium of, such renewal] and there atoll be no f'ue or windstorm inawarrq, ptapd an any of tail bvildurgb arty interest thwein a pert thweof, unless In tM form and with tM lost payable at aforeaid; and in tM event any sum . . of money bewma payable under such poligr tx policies said MORTGAGEE shall Mw tM option b recelw and apply tM Sartre on account of tM Indebterfr , nett scarred hereby or ro pwmit said MORTGAGORS to reuiw and use it or any put thereof fa other purposes, without therebr waiving a rmpaiM1.• Inp any equity, lien or right under a by virtw of that mongaper end h 1M event raid MORTGAGORS tMll for any rwoort fail to keep IM said prernisea t0 Inwred, or fail b deliver pomptly any of said policies of insurance ro said MORTGAGEE, a fail promptly ro pay fully any premium thwefa a M any respect fail b perform, dhthuge, execute, eHed, complete, comply with wrd abide by this covenant, a any pa.r hereof, said MORTGAGEE may place and . pay fa sr?th Mtwance a wry pan thweof without waiving a effecting any opYrorb lien, equity, or right under a by virtw of this Mortgage, and tM full amount of each and every such payment atoll be immediatey dw and payable and atoll bear Intact from tM date tMreof until paid at tM ra» of nine per tentum per arxwm and togethw with rock interest shall be secwed by tM lien of this mortgage. 4. To pemrit, wrrrrrJt or wffer rro wpt~ impairment or deterioration of aid property or arty part 1Mreof. S. To pay all std singular tM costa, charges and expwraa, including a resaonabte attorney's fee and wars of abttrat» of title, intoned a paid at any tirrre by aid MORTGAGEE, bscwa a in tM event of rM failure on tM part of tM aid MORTGAGOR to duly, promptly and fully perform, dacM.ge. extarte, effect. wrtrplete, wrnP1Y wiM and abide by each and every tM ttiprrlatiorra, agrsementa, wnditiorrt, and wvwranq of aid promissory note and Chit mortgage any a eithw, and aid costs, cMrga and expenas, each and awry. shall be imrnediatelr dw end payable; wMtM? o? not there be rtotip de• mend, attempt ro wiled a wit pwrding; and tM full amount of each and very such payment shall beu interest from tM date thereof until paid at tM rare of nine per untvm per annum; and all said wars, charges and expenses incwrad or paid, together with such interest. shall M scoured by tM lien of the t a That (a) M tM event of arty beach of this Mortgage or default on tM part of rM MORTGAGOR, or (b) in tM ewM .ny of aid sotto of money Mrein referred to be not promptly and fully paid within thirty l30) days rrtxt after tM same awrelly become dw and payable, without demand or notice, or (t) N tM event each and wary tM stipulations, prcemenb, coneitioru and covenants of aid promhsory note and this mortgage any a either an not , iuly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided 5y, then M either a any such event tM aid ag gregate sum rrrtntiorred in aid promissory rate then remaining unpaid, with interest accrued. and all mor?eys tecwed Mreby, tl?all becorrre dw and pay able forthwith, or thereafter, at tM optan of said MORTGAGEE, a fully and completely at if all of tM aid wma of money were orginally stipulated ro be paid on such day, anything in aid promissory note or in this Mortgage to tM contrary notwithstanding; and thereupon or tMreafter a tM option of said MORTGAGEE, without ratite or demand, suit at law or in puny, tMrefore or thweafew begun, may be prosecuted as if all moneys uecwed hereby had mahrred prat to its institution. 7. That in tM event that at tM bepinnirg of or at any time pending any suit upon this Mortgage, or ro forecloa lt, or ro reform it, a ro enforce payment of any claims Mrwnder, aid MORTGAGEE atoll apply to tM Court Mving jurisdiction thereof fa 1M appointment of a Receiver, such Court atoll forthwith appoint a receiver of aid mortgaged property all and sirrgutu, intludu?g all and sirpulu tM income, profi», haws and revenues from wMtever wrrra derived, each and every of which, it being expreuly understood, h Mreby mortgped as if specifically at forth and described in 1M grantirq and Mbadwn clauses Mrwf, and such Receiver atoll Mve all 1M broad acrd effecriw furrttioM acrd povven M anywise entrusted by a Court ro • Receiver, and such appointment shall be made by such Court as an admitted equity and • matter of absolute right to aid MORTGAGEE, and without refererroe ro the adequsty a Inadequacy of tM valve of tM propwty mortgaged or to tM wNeney a insolvency of aid MORTGAGOR a tM defendants, and tMt arrch rents, profit, Mrcorrre, haws and revenues atoll be applied by sud? Receiver according to tM Herr a pviry of ad MORTGAGEE and rM pradip of such Cot?rt. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every tM attpulationa, epreemNrfs„ Conditions and coverrenta in aid promissory note and this mortgage at froth. 9. ThM to the evert tM ownership of tM mortgaged premises, a any part thereof. bewnres vested M a parson other store tM MORTGAGOR, tM MORTGAGEE, fta tucteators and aaigru, may, without rrorite to rM MORTGAOR, deal with such successor or suuessor in interest with refwerw ro thh mortgpe end the debt Mreby scarred in tM same manner at with Mortgagor without in any way vitiating or distMrgirq tM Mortgagors' Uabllity Mre~ under a upon tM debt hweby secured. No ale of tM premises Mreby mortgaged acrd rro fabearana on tM pan of tM MORTGAGEE or ih waceNOn or awigns wd ra extension o! tM time for rM payment of tM debt Mreby secured given by tM MORTGAGEE or its tucaaon or asipns, atoll opwate N release, dittMrpe, modify d+arge a affect rM original liab;lity of tM MORTGAGOR Mrein, either in whoh or M part. t0. It h spedfkally greed that -time h of tM essence of thh Contract and tMt no waiver of any obligation Mreunder ar of tM obligation se- cured Mreby shall •t any time tMreaftu be Mld to be a waiver of tM terms hereof a of tM Irutrvrtrarrt scarred herby. 11. In addition ro tM foregoing monthly payments of print: pal and Intuest required by tM promitaory note secwed Mreby, mtxtgagor covenants and agrees ro pcy to mortgagee with each monthly payment an additional sum estimated by mortgagee ro M equal ro 1 /12 of tM annwl wet of tM follow- ings A-All real popery taxes Ivied or assessed against the above described real estate. f!-Premiums on fire and windstorm insurance as Mrein required to be carried on tM improvements situate on tM above dssaibed premises. C-Premiums on such mortgage guaranty insurance at mortgagee atoll from Yme to time deem fit to carry on tM loan secured hereby. - Mortgagee shall from time to time notify mortgagor in writing of tM amount dw and payable Mrwnde? end such sum atoll therwpon be dw and payable on tM due, date of tM next monthly payment and each successive month tM.eafrer until mortgagee shall notify mortgagor of • d+ange in sud? ~ amount. Such surt?s shall be applied by mortgagee toward tM payment of real properly taxes, insurance premiums, and mortgage gwranty inawanq premiurM. IN WITNE WHEREOF, tM aid MORTGA hat Mrwmo set hh hand and teal tM day and year fins aforeaid. - t led and livered pr of: f ~jt~~ da 1t~2 c i~~~~~Lt~ ~S•aq C Tamara Ellison, unremarried ~q surviving widow of Robert G. ~eeq a, - E11 icon ~•.q STATE OF fIORIDA ~ couNTy of St. Lucie - Tamara Ellison, unremarried surviving-widow~•of Ro~e~;t Defor me 11 appeued ~ , -r± ewi tM IrrdNldw • t 1 f T $ le and vrM executed tM forpotng Inatrumem, and ackraw b•fore~~t~ ~"to%pre to be tf,.reYt .xp..tt.d. - = tr*~-• WRNESS my Mnd and offklal seal chi. - day of - `~/~'b.-19~ Notary Pubs In end for tM Sta» of ids at Large My Commission explrest Return To: Fbat Federal Savings i loan Association ~•'~`.zrir F.''::. $!=r' ;~o{~' at (ergs _ Of Fort Pierce. t1,; i°~n.a:=:i;a C~;,~'_s t1~ch 27, 1982 fort Plerp, Florida ~-•x•.~•a i<.s Grr!Y Cor+pw/ F t i This Instrument Prepared By First Federal Savings 6 loan Association ~ of Fort Pierce z Fort Pi a Florida 33450 BC~r 3U5 ~ar::1578 Checked By I a . - '