The URL can be used to link to this page

Home My WebLink About2510 3. To place and continuocsly keep on the bui!d~ngs now or hertaher s~luate on said land and on all equi~~n:eM and persona!ly toveied by thi: mortg• ege, w~th ali prrmi~ms thereon pa~d in full, (~rc ir~svrdnce in ihe uswl staiulud ~olicy (orm, in a ~um app~o+ed by tha MORIGAGEE, and windstorm , (nsuran:e en tha usval ~tandarc~ poLcy (o~m, ~n a s.m approved by tha h10hIGAGEE, in such comp~ny or compan~es as ~he MORTGAGEE may d~rech and all tire and w~nds~orm insurance po!ic~rs on any o( oeid build~ngs, any interesl therein or par? thereof, in ihe agc~re~ate sv~~ aforesaid er • !n exce~s thereol, shall contain the usual sw~~dard mortgagee tlause or such other dause as 1he Morlgagee may requ:re. maAinfl ~ha loss vndrr sa~d poti• ~ cies, each and every, payable to saiJ h10R1GAGEE as ~ts iMera:i may appear, and each and every wch policy shall ba prornpNy ais.gned and det~varrd ~o + any hetd by sa~d A1QRiciAGEE ss (uriher secvrity to said mortgage drbt, and, not less ~6an ten (10) days in advance ot thu expiration of each policy, to de- liver ~o ~aid A10RTGAGEE a ranewal thereof, together wi~h a rcceipt (or thr premium of such renewal; and there shall be no i~re cr ~vindstorui insurance placed on any of said buildings, a,-~y imc:esl therein or part ~hereo(, untess in the form and with the loss payable as aforesaid; and tn the rverl any sum ; of money becor~ies payable under such poticy or polrcies s~iJ A10RTGAGEE s~iail hava tha option to ~ecciva anJ apply tF.e sama on accounl of the indet~ted- ~ , n~ss se~~,red he~ehy or t~ nr.rmi! s~id A47RiGAC,nRS IP rrreive Cnd u4e i? p~ any pa~t f?~~raoi n!!~cr p~~n,nscs. .v~th:.ut Ih:-r: i,~ w:iiYi~~~ o~ ~n,pair- Ing any equlty, lien or rlght undrr or by viriue of this mo::gage; ar.d in Ihe eveM ia'd MORTGAGORS shall for any re~son tail to krrp ihe sa~d premisas so ~ i~sured, or (ail to delive~ Promptly any of sa~d policies o1 insutance to said h10RTGAGEE, or fail prompNy to pay fully any prrmivm ~heretor or in any ~e~pec~ (ai) to perlorm, Jischarge, execu~e, e(feu, complete, comply with and abide by this cove~~ant, or any part hrreof, srid MORTGAG~E may place a~~d ~ pay for such insurance or any parl thereof wSthoui waiving or a((ecting any option, lien, equity, or righ~ under or by virfue of ~ this Alortgage, and the full amount of each and ever~ such paymero shall be immediately due and payable and shall bear interest from th-~ date ?hereoF until poid at the rate of ~ nine per canNm pet annum and togrther with such interett shall be sccured by the !ien of this mortgage. l. 4. To permit, commit or suf(cr no wasle, impairmenf or deteriorotion of said property or any part thereof. ; ! 5. To pay all and singular the cos~s, tharges and expenses, induding a reasonable atlomey's fee and tosts of abstracts of title, incurred or paid at ~ ( any time by said MORiGAG;E, because or cn the event o( tlie failure on the part of the said MORTGAGOR to duly, promptly and fully parform, d:scharge, # ` execute, e(feci, completa, comply w~ih and ab:de by each and every the,s~ipulations, agreements, conditions, and covenants oS said promissory note and ihis ~ mortga9a any oi either, and sa:d costs, charges and expenses, each and every, shall be immediately due and payable; whether cr ~ot ihere be notice da ~ mand, attempt to collect or svi~ pend~ng; and the futl amount oi each and every svch paymen~ shafl bear inferest lrom Ihe date thereof untit paid at ~he : rate of nine pe~ centum per annu:n; snd all said cosls, charges and expznses incurred or paid, together w~th such intetest, shall be secured by the lien of thls ~ . mortgage. ~ ~ 6. Thnt (a) in the event o( any breach of lhis hlortgage or default on th~' part of the A10~TGAGOR, or (b) in the eveM any oF said sums of n:oney ~ herein refe+red to be not pron~pify and (ully paid within Ihlrty (30) days nexl aiter the same severally become due and payable, without demand or notice, { or (c} in the evenl each and every ~he stipvlatians, agroements, cond~t;ons and covenams of sy:d promiseory note anJ th~s mortgage any or e~ther are not ~uly, promp~ly and fully periormed, d~scharged, executed, eifected, comp~eted, complied wi~h and abideJ tiy, then in e+ther or any such event the said ag- gregate sum ment~oned in said prom~ssory note then re~naining unpaid, with interest accrued, and a{I nioneys secured hereby, shall becorne due and pay- abte forthwith, or thereafter, at Ihe option of said h10R1GAGEE, as fully and completely as if all of the said sums of money wer~ originally st~putated _ to be paid on wch day, anything in sa:d promissory note or in this Mortgage to the contrary notwi~hstand~ny; and thcrcupon or lhereahcr a~ the optlon of said MORTGAGEE, wit~ out notice or deinand, suit at law or in equity, Iheretore or thereaiter begun, may be prosecuted as if all moneys secured hereby htd matured pnor to ~ts institution. ~ 7. That in tbe event Ihat at the beginning o( ot a1 any time pending any suit upon this Matgage, or to foredose it, or to reform it, or fo enforce ~ payment of any tla~ms hereur.der, said MORTGAGEE sha11 apply to thc Court h.rving jurisd~ction thereof (or the appo~ntment of a Receiver, such Court.shall forthwith appoint a receiver of said mortgaged property all and singufar, inclvd~ng atl a~~d singular tF,r income, p~ofi~s, issues and reven~es (rom whate~~er j sourcr derived, each and every of which, i1 being expressly undersrood, is hereby morrgaged as if specifically set torth and described in the granting and habendum ctauses hereof, and s~ch Receiver shall have all the broad anJ e((ettive func:~ons and povvers in anyvvise entrusted by a Cou~l to a Receiver, and such appointment shall be made by such Court as an admitted equ~ty and a matter of absolute riqM to said• MORiGr~GEE, and without re(erence to the adequaq or inadequacy of the vatue o( fhe property mo~tgaged or to thz so.vency or ~nsolvency of said MORiGAGOR or the defendams, and that such i rems, profits, i~come, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity oi said h10RTGAGEE and the prauice of such ' Court. ' ~ i i - - 8. To duly, promptly and fully per(orm, discharge, execute, effect, complete, comply wilh and abide by each and every the stipulations, agreements, conditiens artd covenants in sa~d promissory note and this mortgage set forth. ; ~ s 9. That in the event the ownership of the mortgaged premfses, or a»y part thereof, bacomes vested in a person mher than the MORTGAGOR, the _ - h10RTGAGEE, its successon and ass~gns, may, w~thout not;ce fo the ti10RiGAOR, deal with such successor or successor in interest with re(erence to this u mortgage and the de6t hereby secured in the same man~er as with Alortgagor without in ar.y ~yay vitiating or d~scharging the l~lortgagors' liability herr ~ ~nder or upen fhe debt hereby secured. No safe of ihe prernises h:reby mortgaged and no forbearance on the part of the /~10RiGAGEE or its successors . or assigns and no extens~on of the time for the pbyment of the debt hereby secured given by the MORiGAGEE or its successors or assigns, anall operate - - lo release, d~scharge, modify change or affect the original liability of ~he h:ORiGAGOR herein, either in whoie or in part. ~ )0_ It is spec~fically agreed that ti~ne is of the essence of this contract and that no waiver of any obligat7on here~nder or of the obligation se- t cured hereby sha!I a~ any iime thereafter be he:d to bz a waiver of the terms hereof or of the instrumero secured herby. ~ . I1. In add~tio~ to the #orego'n9 monthly paymsnts of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay ro mortgagee ~tivth each monthiy pay~nent an add~~ional sum est~mated by mortgagee to be equal to 1 J' 12 of the annual cost of the follow- t , ing: ' . _ - A-All reai property taxes ;evi~d or assessed agai~s! the above described real estate. i B-Premiurr.s on f~re ar.d ~vindsto~m insvrar.cz as herein requ~red :o be carried on the improvements situate on tha above described premises. ~ . C-Premiums on such mortgage g~aranty ir.surar.ce as mortgagee shall fr~m t~me to time deem fif to carry on the loan secured hereby. ' h4ortgagee shall f~om fi~r,e to t~me not;fy mcrtcager in vi.it;ng of the amount due and payab e her dar and such sum shall tfiereupon be due and ~ : paya5!e on the d~e datz of the n~xt month;y payment and each suctessivP momh ihereafter ~rtai ~ ortg gee shatl notify mortgag r of a change in svch ~ amount. 5uch sums sFa;l be app!ied by morsgag.e toti~ard the paymenl of real property taxes, irtis an prem:ums, and mort ge: guaranfy insurance ~ premiums.. i 1 _ ~ IN YlITNESS lVHEREOF, the said 1dORTGAGOR has hereunto set his har,d and seal the day ~ d ar;fint afl . . ; Sig , Sealed and deliver in the presence of: ~ ~ - - FILED AKA RECORDEp / ~ ';Ll~%/JI : ~ r,• ; ~ ~ ST. WCIE"COUNTY FLA. ~ Ja M. L 1 ton ~ ~~~al) # - ROGcR POItRAS ~ ~ -~----t5eaq ~ - CLERK CI~CUIT COUR • ,~.ttt,o- ~y, . ; kECORC vERi~lEO ~ Lucie A. Len.is on - ; (Seal) STATE OF ~Z~_5--~ c~ ~1 Y?.NI V VZ ~~'T~ - - - COUNTY OF - ~ ~ : 310~/i J ~ • '7[ Before me penonally appe~red .lOt1II Leniston - a„d - 1.UC le A. Leniston h~s wife, to me well known and kno:m fo me to be the indivGdua's destribed in and rtiho execu:ed th~ foregoing instrument, and acknow~edged befare me that they executed the same for the purposes therein expressed. And the s3~d Lucie Let[iston wife of the sa+d John I?1. LeI11StOIl upon a separale and prFvate _ ~ examinat~on by me taken separate and apart from {~er said husband, ackrwwledged to and before me that she exec~ted said instrument freely and volun- ; tari~y and v.ithout any cornpulsion, constrain~, apprehen~ or fear of or f:om her said husband. ~ ~R~ITNESS my hand and official seal this ~ day of ~ `jUne ~ A. D. 19 75 _ - Notary Public in d for th> State of at large ~ My Commissio pires: Retum Toc : -3;<;; . . r ~ ' first Federal Savirr~s 6 Loan Associat~on - NefB ` ~1~•~?l~ ~ ry Pub G. ef ~v ~ 1~• ~ . Of Furt P:erce. ~ - ~ 3 at Largd, ~ Y Carnmi~_~ ; , ~ : L Fort Pierce, Florida - Af. 3, j ~7$ ~ ` ,1 ' - _ . . _ . a1 ~ s ~ . ' • • ~ _ . # - _ i~.. • =e : : W ~ i 4~ ~ _ ~_C d : ~ I= - This instrument Prepared By Gary F.. Ellwood ~v'•` A~~.~:~ ` , ',-~i, ,.c., . - First Federal Savings 8~ loan Association - ',ti: , s;;.:._~,,. ,•l ' of Fort Pierce, Rlorida ~'.:~~;''~1 i,` ~ - U R n 't e~+~+ ~ ~ i; Checked By Q~- BOOK 240 PAGE ~~U~ ~ if = {