The URL can be used to link to this page

Home My WebLink About0537 ~ 3. To place and continuously keep on thc build~n9s nuw or hereafter ~ituate on said land and on all equipment and per~onaily covcred by this mortg- age, with ell premi~nn thereon p3~d in fuN, fire inswance in !n~ usual standard poli[y (urm, Sn a sum approved by the k1QRiGAGEE, rnd windttorm tns~rance in Ihe usua) s~andard pol;cy form, in a sum approved by the MORTGAGEE, in suth company or companief as the h10RTGAGEE may ~ di?ecr; and all iire artid windsiotm insurance policies on any of s~id b~ild~~gs, any interesf thasein or part thereof, in the aggregate sum eloresaid or ~ tn excese thereof, shall contain the usval ~tandard mortgagee clause ar si~ch other =lause as tha Mortgagee may reqviro, making the lost under sa~d poli• cies, each and every, payab!e tu said AlOR1GAGEE as its inlerest may appfar, and each and every such po!icy shall ve promptly ass:gned and delivered to • any held by said h10RTGAGEE as further sec~rity to said mortgage debt, and, Rot les~ than ten (10) dnys in advanca of ihe expiration of each policy, to de- live~ to sa~d h10RTGAGEE a renewal thereof, togethei wiih a receipt for the premicm of such ~enewal; and iherr shall be no fire or wi~dstorm insuranca piacad o~ any of said buildings, any interest therein or part thereof, unless in the Form'and wiih Ihe loss payebte af aforeseid; and in tt~e event any tum of muney becomes payable under tuch policy or policies snid A10RTGAGEE shall have the opt+on to receive and appiy tha same en accounl o~ the indabted- ness secvred hereby o~ to perm~t ~aid A40RiGAGORS to receive and use i~ o~ any parl thrreof for other purposes, w~thout ~hareU~ waiving or impair- ing any equ~ty, lien or right under or by virlue of this mcs:sgage; and in the event said MURiGAGORS shall for any reason fa;) fo keep Jhe said premises so in~ured, or fail Io deliver promptly any oF said policies of insurnnce to said MORTGAGEE, or fail promptly io pay fully any pr~mium therefor or in any resoect fail 1o perfocm, d~scharge, execute, ef(ect, complete, comply with and abide by this covenant, or any part hereof, said MORTGAGEE rt~ay place and pay (or such insurance or any part iherao~ witnoufi waiving or aifecting any option, lien, eyuity, r:y:`;; ~:;_r =•'s-~_a 11~+!~~~•. ~~a ~ho full emounl of each and every svch payment shall be immediately due and payabte and shall bear interest from the date thtreof until paid at~the rate o1 ni~e per centum per annum and together with such interest shal( ba secured by the lien o1 this mortgage. ~ 4. To permit, tommil or suffer no waste, impnirment or deterioration of said praperfy or any parf thereof. S. To pay all and singutar the ~costs, charges and expenses, in~luding a reasanable alto~ney's fee and tu~ts of abstracts of title, incurred or paid at ~ any time by said MORTGAGEE, becausR or in the evenl of the fail~re on the pnrl of the said MORTGAGOR to duly, pro~~pt~y and fully perform, discharge. execute, efFect, complete, comply with and ab:de by each and every the stipufations, agreeme~ts, conditions, and covenants of said promissory note and thii mortgage any or eitF.er, and said coet~, tharges and experxes, each and every, shall be immediate~y due and payable; whether or no1 there be notice da mand, attempt to collect or suit pend~ng; and Ihe full amount of each and every s~ch payment shall bear interest lrom the date thereof u~t~l paid at the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, togethe~ w~th such interest, sha!! be secured by tha lien of thif } mortgage. ~ 6. That (a) in the event of any breach of ihis Mortgage or default on tha part of the A50RTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptty and fully pnid within thirty (30) days next after the same severalty bemme due and payable, without demand or notice, i or (c) in the event each and every the stipulations, agieements, conditions and tovenants of sa~d promissory r.ote and th~s mortgage any or either are not iuly, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed with and abided Sy, then in either or any such event the said ag• gregate sum mentioned in said promissory note then rpmaining unpaid, with interest accrued, and aII moneys setured hereby, shall become due and pay- able forll»vi1h, or thereaiter, at the option ot said MORTGAGEE, as fully and completely as if all of the said sums of money vvere originally stlpulated to be paid on such day, anything in sa:d promis:ory note or in this Alortgage to tfie contrary not.vithstanding; ancl thereupon or therea(ter at the op~ion of said 1hORTGAGEE, without not~ce or demand, su'rt at lacv or in equity, the~eforz or thereafter begun, may be prosecuted as if all moneys sec~red he:eby had rnatured prior to its institution. 7. That in the evenl that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose i4 or to reform it, o? to enforce paymeN of any tlaims hereunder, said h10RTGAGEE sha(t appty fo the Court having jurisd~ction thereof for the appo~ntment of a Receive~, svch Cowt sha11 fort~iwith appoint a receiver of said mortgayed proparty all and singular, includ~ng all and singular tt~e income, profits, issues and revenues f~om whatever source derived, each and every of wh~ch, it baing expressty vnderstood, is hereby morigaged as if spec~(ically set forlh and described in the grant~ng and ~ habendum dauses hereol, and svch Receiver shail have a!~ the troad and eHective funu~ons and powers in anyw~se entruited by a Co~rl to a Receiver, and ~ such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said h50RTGAGEE, and without reterente 1o the ; adeq~acy or inadeq~acy of the value of the property mortgaged or to the so~vency or insolvency of eaid MORTGAGOR or the defendants, and that su<h renrs, profits, incorne, issues and revenues shell be applied 6y such Receiver accord~ng to the lien or equity o( sa~d R50RTGAGEE and the practice of such ~ Court. 8. To duty, promptly and fully periorn, d~scharge, exe:ute, effect, complete, comply ~vith and abide by each and every the stipulations, agreeme~ts, j conditions and covenants ~n said promissory nore and th~s mortgage set forlh. ~ 3 9. Thai in the evant the awnership of the morlgaged p:emises, or any parl thereof, becomes vested in a person other than the MORiGAGpR, the ~ A10RTGAGEE, its suctessors and assigns, may, ~vithaut notice to the h10RTGAOR, deal w~ith such successor or sutcessor in interest ~vith refererce fo lhis mortgage and the dc•bt hereby secured in the same man~er as with ;1orlgagor wifhout in any way vitia~ing or discharging the Mortqagors' tiability herc under ot upon the debt hereby secured, No sale of the premises hereby mortgaged ar.d no forbearance on the part of the IAORTGAGEE or its successors or assigns ard no extension of the tima for the payment of the debt hereby secured given by the 1llORTGAGEE er its successors or assigns, afiall operat~ ' to release, discharge, modify change or affecr the original tiability of the MORTGAGOR herein, either in wh~le or in part. { 10. It is spec~fically agreed that time is of the essence of this convatt and that no waiver of any obligation hereunder or of the obligation sr ~ a;red hereby shall at any time thereafter be held to be a waiver of the terms Fereof or of the instrumeM secured herby. ~ 11. In add~tion to the forego'ng monthly payments of princ'pDl and interest requ+red by the prom~ssory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each monrhly payment an add~rionat sum estimated by mortgagee to be equa! to 1/12 of the annvat cost of the follow- ~ ing: + . ' 3 3 A-All real property taxes levied or assessed against thc above described real est;te. ~ B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on the aNove described premites. s i C-Premi~ms on such morigage gvaranty inw~ar,~e as mortgagee shall from t~me to time deem fit to carry on the ~oan secured hereby. ~ Mortgagee shail from time to time notify mortgagor in writing of fhe amoun? due and payable hereunder and such surn sha(I thereupon be due and 't payable on tne due date of the next monthty payment and each successive monlh there~fter urtil mortgagee shall n~tify mortgagor of a change in such ~ amounl. Such sums sh.all be applied by mortgagee to~vard the payment of real property taxes, insurance prem;ums, and mortgage guaranty insuran,e i ' premiums. IN Y~ITNESS Y'1HEREOF, the snid MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. , 1 ign a~ed an de ' e'n the presence of: . ; ! _ ' (Seal) (Seat) (Sea~) STATE OF FLORIDA ~ ; couNN oF Saint Lucie ' i Bafore me personally sppeared C e dr i e H. Eme r s on and ~ . Shirley A. Eanerson his wiie, to me well known and known to me to ba ~ Ihe tndividuals described in and who executed the foregoing instrument, and ack~owledged before me that they executed the same for the purposes ` therein expressed. And the said a~~'1~I~19Y A• ~merson t t wife of the said Cedrie H~ E~nerson upon a separate and privste examination by me taken separate and apart from her said hy sband, acknowledged to and before me that she executed said instrument freely and voi~m ~ larily and without any computsion, constraint, apprehension,l6r fear of or from her aaid husband. ~ } Y/tTNESS my hand and official seal fhis ~j~ day of Januar A. D. 19 6b ` ~ - Notary Public in and for the State of florida at large ~ Retutn To: 1~'~y Commiseion expiref: ~ Firat Federal Savings l. Loan Associateio~n ' ' ri0l2ty PU~it:, St~tP :,f ffori~a at !a~qe ; ot Fo~r Pierce. r+~ ED A N D R E C d R p E ~ f~':y Comr~issior+ Ez~ires Nor. 3, 1959 ~ Fort Pierce, ftorida ~r!_ ~O 8orded By AG+^-~:an F~~a Fi Casuat:r Co. ~ ~r~~ t ' ~~I~~ O n , ~ ~ ~ ` : ' U ~ `=S~Cr1%~'C~ . , . ~ i C ~ j ; ~ ' " JA~J ~7 ~ • ~ . ; - ~ ~~'r. ~~VLlV/• ~f~~~~• ~ •\v ~ . ~ • ~ . . . • - 'r - ' ~ ' - ' - . ' _ I\~~~1~ f'~:~: I ~t~-i~ CLLII(\ ~ ' - ' r• , _ ~ - - ~ ST. LUCI~. C0~.1?JTY, ' s - ~ ' - FLORIDA ~ ~ - ~ ~ ~ ' _ ' . "~i.~:_°~...<<~•`' _ ,ir.~, ~ , 1! _ ~ OU~15~V~ ~3.~) ~i(C/y r . . ~ . i ' F Y~ i e~ ~ 5 . ` ~ . . . ~ _