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Home My WebLink About0421 3. To olece end coniinua,sly kcep o~ Iha build~nfls naw ot harea(ter ~:Wate on :eid le~d and on ell eq~~ip:ner.t and per~onally covared by Ihis mo~tg• . aQ~; with all premiun~ Ihereor pa~d in tult, fire insvrance in the ~wal s~anda~d policy iorm, in e ium approved by ~Ihe MORiGAGfE, aad wt~ds!orm Ineurance in tha usual ~tandard policy (orm, in a sum approved by the h10RiGAGEE, tn ~uch company or companiet as Ihe MORTGAGEE mey dlrectJ ~nd ali fire a~d windsturm ins~rance palicies on arty uf ~eid build~~g~, e~y interest therein r, pa~l thereof, in the aggrrgate :um •taesa~d or • in extets thereof, ~hall conlein the uwal ~ta~dard mortgagee clauie or u~ch o~her ciawe as the Mortyagee may ~equire, making Ihe lou ~nder taad pofl- ties, each and avery, peyable to said A10RTGAGEE at :ti intere~t may apposr,.sa~ t.::: s~~.~. ~:~ry s~ch policy rhal! be promptly ai~~gned and del;vered to • ~ ~ny held by iald MORTGAGEE as furlher secvrity to seid morlgage debt, and, not leis !han ten (10} dey~ in advance ot Ihe explration of each policy, to d~• ~,f' Itver to ~aid MORTGAGEE ~ re~ewal Ihereof, tcyether with a receipt for the premlam-of wch re~e~al; a~d thero shall be ~o fire er ~vinds~erm inwrEnce ~j... pl~ced on any of said buildings, any interesl t6erein or pact thereof, unfe~t in ~he form and wiih the loss peyable a~ atoresatd; and in tha event any sum - of monoy become~ payabts under svch polity or policies taid h10RTGA.GEE shall have the option to ~eceive and apply tha same e~ account ot the inde6ted• nets eecured he~rby or to permil iald MORTCAGORS lo receiva and ~ie U or any part thereof tor other purposes, wi~hout ihcreli~ ~vai~i~i9 or m,pair- ing any cquity, lien o~ right under or b~ vlrlua of thia mortgage; and in the event sa~d MORTGAGORS shall for any ~eawn tail to keep the said premises so tns~~ed, or fall to deliver promptly any of said policie~ ot insurance to •aid MORTGAGEE, or fa;l promptly to pay fully any p~emium therefor or tn any ~espect fall 1o per(orm, di~cheigo, execu!e, ef(ed. complete, comply wiih bncl abide by this covananl, or any parl hereof, snid MORTGAGEE may ple.e and pay for such in~uranca or any part thareof wiihoW waiving or affecting aoy option, Iten, equiry, or right under ot by vlrtua oF this Mortgage, and the full amo~nt of each and er•ery su:h pay~e~~ ~hal! be immedia~ely due and payeblo and shall bear tnterest from the date thereaf ~ntif paid at iha rate tit r~ine per centum per annum and togother with wct~ (ntrrest ihall be sQCUred by the Uen of thii mortgage. _ _ 4. To permit, tommi! or sufter no waste, lmpairment or deterioration of said propsrty ot any part therqof. ~ - 5. To pay all and singular the costs, charges and expensFi, inctuding a reaionable attnrney i fee a~d custs c+f abstrocts of title, i~turred or paid a~ any fime by said MORTGAGEE, becausa a in the event of the fail~re on the parl of Ihe sald MORTGAGOR Io du~y, p~omplly ar.d fully perForm, d~schargs, execute, e(fett, tomplele, tompty with and abide by ea:h artd every the stipulations, agreaments, conditions, and covenanls of eaid ~romissory note and this mortgage any ar ~ither, and aaid cosls, charges and expe~se~, each and eve?y, shall be immediatrly due and payabie; whether or not Ihere be notice da . mand, altempt to coll~ct or evit pendingp and the full amount of eacn end every such payment shall bear interei? from Ihe date Shereof until paid at the ra~e o( nine per te~t~m per annum; and all said costi, charga snd expense: inc~rred or paid, togetha~ witfs~tvch in~erasl, thall be secvred by ~he lien of thu - mortgaga ~ 6. That (a) in 1he eve~t of-rny breach of th!s Mo:tgage ~r defavit on tFra part of tt;e MORTGAGOR, or (b) in tha event any of said sums of money ~ hereln referred to be nat pronptly and ic!!y paid within fhirty (30i days next atter ths iame saverally beccra due and payable, wi~Fwvt demand or nolice, ar (c) in the event each and every :he stipulations, agreen~_nts, cor.ditior.s and covenants of said promissory nota and th~s rnortgage any or ei~her are no1 ~uly, promptly arrd iully pe:formed, d+'s:harged, exec~ted, eifecled, compteted, comptied vtiith and abided ~~y, then in eittier or any such event the said ag gregale sum mentwned in said promissory rtota then reTaining unpaid, with interest accrved, and atl moneys secured hereby, shall become due and pari Able forthwilh, or thereafter, at the optio~ of said MORTGAGEE, as fvlly and complctely as if ell of the raid sums of money vxere ortginally st~pulated ~ ~ to be paid on such day, anythiny in said promissay note or in this Mortgage to the contrary notwithstending; and Ihereupon or thereefter at ~he opt~on of said MORTGAGEE, without notice or demand, suit at law or eqvity, th~refere or therea(ter begun, :nay be prosecuted as if all moneys iec~red hereby ~ had matyred prior to its institution. , _ _ - ~ , ~ ' 7. ?hat in Ihe event that at !hE beginning of w at any time` pending any suit upon this Mortg:pe, or to fweclose it, or to refo~m it, or to enforce payment of any claims hereunder, 3aid MORTGAGEE shalt apply to the Court having jurisdiction thereof for the eppointmtnt of a Receiver, s~ch Court shall Fo~lhwitF appoint a receiver of said rtsortgaged property all and singvlar, i~dud~ng al! and singuta~ Ihe income, profifs, iss~es ant± re~•enves irom whate~er _ w~rce derived, each and eveiy of which, it being exp~essly 0nderstoorl, is hereby mor?gaged as if ~pecifically set forlh and desuibed in the grenting and - habendum dauses hereof, and suth Receiver sha!! have all the broad and effective functions and powers in any~~ise enlrusted by a. Cowt to a Receiver, and - tuth appoinTmenf shaR be made by such Court as an admitted Equity and a maltet of absolute r:ght to said MORTGAGEE, and witho~rt referente to the - ~ aJeq~acy or inadequacy ot the va!~e ~f tF4 proFerty mortgaged or to the soivency or insolver.cy of said MORTGAGOR or the defendants, anJ thaf .svch rents, profits, income, issues and revenues sfinll be aopli~d by such P,eceiver accord~ng to tha lien or equity of said MORTGAGEE and the pradice oF such Courf. - . - - - ~ ~ S. To dvl;~, promptly and fuily perform, discharge, execute, effect, camplete, comply rvith and abide by each end evety the stipulations, agr~ements, conditions and covenan!s in said promissory nore and ~h~s mortgage set forth. . • _ - ~ Q. Thar in the event the ownenhip of the mortgaged premises, or any- part thereof, becomes vested in a person other than the MORTGAGOR, the MORiGAGEE, its succeuors and assigns, may, wit4iout notice to tho MaRTGAOR, deal with such successo~ or cuccessar in intereat witb ~eferente to thii • martgage and the debt hereby secured in the same manner as with h5or1ga9or without in arty way vitiating or d',.atharging the Mortgagort' liabiiity hera under or upon the debt hereby secured. No sr~e of the premises hereby mortgaged and no forbearance cn the parf of the MORTGAGEE o! its successors ~ or assigns and nc extension of the time for the payment of the debt hereby sec~red given by the MORfGAGEE or it: :uccesson w auigns, shali operate i ta releaie, dlscharge, modify chanye er aFtect the original iiabiUty of the MORTGAGOR herein, either in whole or in part. ~ 10. Ic i: specifically sgreed that time is of the essence of fhis coMrad and that no watver o} any obligation hereunder or of the obligatan se- tvred hereby shail at any time thereafter ;-e held to be a.waiver of the termi hereof or af the ens!rvmem sec~red herby. . 1L In addition to the fwego:ng monthfy paymsnts of princ"pal and ir.terest reqvired by the promissary no!e secured hereby, mortgagor covenanls ; and agrees to pay to mortgagee wi~h each monthly payrnent an zdditional sum estimated by mortgagee to be eqval to 1/12 of the annual tast of the follow- t _ . ing: _ ~ A-All real property tnxes levied or assess:d againsf thc ~a6ove described real estate. _ _ ~ 8-Premiums on iire and windstorm insurance as herein reqv~red to 6e carried on the improveme~ts situate on tha above dascribed premises. ~ C-Premiums on svch mortgage gvaranty insvrance as mortgagee shail from time !o time deem fit fo carry on the loan secvred hereby. E hlartyagee sha11 from time to timt notify mortgagor in writing of the amount d:;e artd payable hereunder and such sum shaB the:eupon be due and _ payatle o~ the due date oT the next monthly paiment and each svccessive~month thereafter until-martgagee shall notify rnortgagar of a change in wch . amount. Surh sums shall be applied by mortga~ee toward tne payment of real property tazes, insurance prem:ums, and mortgage gvaranty insurante ~ ~ premiums. ' ' I WITNESS '?YH~REOF, the said MOR7GA R has 6e~eur.to sef his hand and sea! the day year first aforesai ~ igned, Sea! an e' in the prr o of: ~ • ~ ~ \f , ` ~ 1~ ~ T~nc,thy e ~ ~ - - ~it fi41i',,~,,~ ~~t ~ 4s~ah i W~i~'.11~ b~~ ~ • (Sea4 - ~Z~y~q,~~~p,.«...r..,,~. ' C thia H. Tref lner ~~an STATE OF iIORIDA - • ~ ~ O~ ~ - COUN~1f OF S$ • L11C ~C ~ ~i.f•~~~ ; Before me personatly appeared T1L~~~jy Tr2fe ner and 3_ - C';~nt 1~ _ TrPfPlnPr 6is wife, to me well known and known to me to be ~ the individuats described in and who sxeculed the foregoing insirvmeni, and acknowledged before me tha4 they executed the same !or the purposes ~ Iherein expressed. And the :a~a Cynthia H. Tr@f~111@r wife of the said Timoty Trefelner ~ - ~Po~, e separa4e and private ~ • examination by me taken separate and apart from her said husbartd, actnowlydged to and before me that she executed said in~trument freety and volvn- ~ j tarily and witha~t any computsion, constrnint, apprehe siory or ~ear oE _or from her said husband. ; ~Z.~C - - _ S 4 • WI7NESS my hand and officiai seal this day of__ _ A. D. 19~ - ~ . - - _ ~ - Notary P~rblic in a fo Statb of Floreda a1 Large - ~ Retum ta: - My Commission e ues: fl~~~ ~x•, State o~ tlcr4da a! LorBa~, - First Federal Savirr~s d. Loan Assuiation t!y Cc-mrsiss:o~ EzgS>zs 1v'.~r 22, 19I7 ~ Of Forr Pierce_ ~:3~: Fut 1a Gutv.~tj Cqs r r _ _ f ' Fort Pierte, florida - _ ' • ~ • ~ _ f - . - - - - - ~ . . . _ - ' =3,•.a~~ _ ':!~::a~ . . _ ti c~ r ~ . _ . . . ' ` ~ ` l'-. . . _ _ , - - ~ ;~r ) - . ~ r_ . • ' , . . . ~ ~ ~ ~L ~''S~f`~sf - . ' This Instrument Prepareo By Gary F. E1lwood = - First Federal Savings & Loan Association - . `:,,;Y~,J~~`__' - of Fort Pierce, Florida - ~ : ~.T~ : ;-',~s-'-,~.=1~- ~ - Checked By`~ - : ; _ _ - +?a';~f`i~ - ~ , - DCOK~4~ PAGE ` ir' r,. Y~.~~ , . . . . I~ V s~. _ .,f ! ~ ~ . . _ = = fi'C:, ~ ` _ _ • - ~ if~i?i~~:..;a~~~~':~ _ • . _ " ~ 1 - - _