The URL can be used to link to this page

Home My WebLink About1520 3. To place and continuously keea on Ihe bui!d~ngs now or heraafter eituate on said ~and and on all equipment a~d pe•sonally tovered by this mortg• ~~o, ;,;;~y~ ~I! F•<m„~~*s ~ha~pnn ~_~~d In iull. fire insurance i~ ihe u, al s~an~ard policy fo:m, jn a sum approved by thz A10R(GAGEE, and winds~orm insurance in the usual standard pol~cy form, in a wm appro~rd by the htORTGAGEE, in suth company or companies as the t'~ORiGAGEE may dired; and all fire and windstorm insurance poliues on any o( said buitd~nys, any iroerest therein cr part thercoi, in the aggregate sum eforesaid or in ezcess thereof, shail comain ~he usual standard mortgagae t~ause or such other clause as the h1o~t9~gee may req! :re, making the loss under s.~~~ po~i- cies, each end every, p~yab!e to s,id A10RTGAGEE a: its interrst n;ay appear, and each ~nd every such pot:cy ahall te promptly ass gned and dzlivered ~o any held by said h10RTGAGEE ds f~rlher ~ecurity to said mortgage deht, and, net less thzn tzn (10) d3ya i;l advance of the expiralio: af each poGcy, to de- liver to sa~d h10RTCiAGEE a renewal Ihereof, loge~her with a rece~pt for Ihe premium of auch renewal; and there shall be no f~re or windstorm insurance plated on any of snid buildings, any interest therein or part IhzreoF, unlesti in the form'and with Ihe loss payab!e as aforesaid; and in the eveM any sum Of ~TOnB ~ ~ - _..~:.:e. unUTt_Al:GF .{.all F.~~e .1.0 .,.,1~n.. ~n .---ivn .anr1 annt~ ~hw ixmr nn ~rtf~~~nt l~~ Ihe! in[~a6tPC1- y " ness secured`hereby or to permit said ~AORTGAGORS to receive and use it or any part thereof for oth_~r ~wrposes, .~::~hout th~rcu~ ~va~~~~~~ a• ~~~,pa~r• ing any equity, lien ot right under or by virtue of Ihis mo:;gaya; ard in the evznt said A10RTGAGORS shall for any reason fail lo keep tFe saiJ premisrs so insured, or fail to deliver promptly any of said po!~cias of insurnnce to said MORTGAGEE, or f~il promptly to pay fuliy any premium theretor or in any te~pect fail to perform, discharge, executr, effed, <omp!e1a, comply tivith an:~ abide by lhis covenanl, or any par~ hereof, said MORTGAGEE may place and , pay fer such insurance or eny pnrt thereof without walving er a(fectina any option, lien, equiry, or riqht under or by virtue of thii :5,lorigage, and the ' tull amouM of each and avery eucn payment shall 6a immr~iately due and wyable and shall bear intere:t from the date thereof until paid a~ the rate o1 nine per cenwm per annum and to~ether with suth interes! shali be secured by the lien of Ihis mortgage. 4. To permi~, commit or auf!er no waste, impainr.ent or deterioration of said property or any part thereof. 5. To pay aH and singular the.costs, c!~>_rges ar.d expenses, int~uding a reasonable attorney's (ee and costs of abstracts of tiNe, incurred or paid at any time by said h10RTGAG;E, becaus~ or in tha event of the failure on the part of the said MORiGAGOR to duly, p:omptly and futly perfom~, d~acharge. execute, effed, completz, comply with and ab;de by each and every ~he stipvlations, agre?ments, tonditions, and covenants of said promissory note ar,d this mortgage any or ei:her, and sa~d costs, charges and expenses, each and Pvery, sfial! be immediately du2 and payab!e; whether or not there 5e r.otice dr mand, atte :~pt to col~?ct er e!~N pc :~:ng; and the {ull arnount of each and every such paymenl shali bear imerest from the date Ihereoi s;ntil paid at the rate of nine per centum per annu:n; and aIl said costs, charges and expenses incurred or paid, tegather w~th such interest, shall be secured by the lien of th:t mottgage. A. That (a) in the event of any breach of this Alortga~e or default on tl~e part of the R10CTGAGOR, or (b) in the evenl any of said svms of money herein referred ~o be not promptly and fully paid within ihirty (30l days next atter Ihe same sevcratly become due and payab~e, withoul demand or notice, or {c) in the evenl each and every the stipulafions, agreements, tonditions and covenanls of sa;d promissory note and th~s mortgage any or either are nol ~uly, prompliy and fully performed, d~scharged, executed, effeded, completed, comptied ~vith and ab~drd tiy, then in e~the~ or any such event the said ag• gregate ium mentioned in said prom~ssory note then remaining unpaid, ~v~th interes~ accrued, and all moneys secured hereby, shall become due and pay abfe fortliwilh, or thereaf~er, at Ihz option of said h10RTGA(ifE, as fully and comp!etely as ii all of tlie said sums of money w~ere or~g~r.ally st~pulated : to bz paid on such day, anything in sa~d promissory note or in this hlortgage to the cororary not.vithstanding; and theteupon or therea(ter at ihe optlon of said h10RTGAGEE, without notice or demand, suit at lacv or in equiiy, theiefore or theieafter begun, may be prosecuted as if all moneys se:ured hereoy had matured prior to its institution. 7. That in the event that at the beginning of or at any time pending aoy su~t upon th~s Mortgage, or to foredose i1, or to re(orm i1, cr to enforce payment of any tlaims hereunder, said h10RTGAGEE shall apply to the Court havi~g jur~sdiction thereof fer Ihe appo~ntmenl of a Recciver, such Court ftial! fortliwith appoint a receiver of said mortgaged property all and ;~~y~~!ar, inctud~ng all and singular the ir.come, proiits, issues ar.d revenues from whatever ;p~,.~e f~?!~VAfI P?fFl a.,~{ everv nf wh~ch, it h~~nn eynr~c~ly .,~~~iers~ood: is I;ereny mortganed as if seeci.'~catly set forth a~d described in the aranring and - habendvm dauses hereof, and such Receiver shall have all the broad anci effec~~ve funct~ons and powers in anyw~se emrusted by a Court to a Re~eiver, and ~ wch appointment shall be :nade by suth Courl as an admitted equity and a matter of abso~ute r[ght to said ti'~ORTGAC,EE, and w+thout refe:ence to the adequacy or inaoequacy of the value of the property mortgaged or to the sofvency or insolventy of sa~d h'IORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by svch Receiver =~.~rdinq to the lien or equity o( said MORTGAGEE and the prattice of suth ~ Courf. 8. To duty, pecmp!!y ana fu!!y pe!ferm, d'+schnrge, execute, effect, complete, comply vrith and abide by each and every the stipulatians, agreemen~s, conditions and covenanti in said promissory note and this morlgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vcstcd in a person other than Ihe MORTGAGOR, the 1AORTGAGiE, its successors and assigns, may, wirhout notice to the A'!ORTGAOR, deal with such successor or successor in interest with reference 1o this l mortgage and the debt hereby secured in the same manner as with hlortgagor without in any way vitialing or d~scharging fhe RSortgagors' liability he~e- vnde: c: vpa~ the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pari of the IIORTGAGEE or its s~ccessors or ass~gns and no extension of the iime for the payment of tne aeot fi~reby secure~ given Ly Ihe IAORTGAGEE oi iis ,vcce~surs or ais~yns, ohal{ opcrote to refease, distharge, mod+f~ charye or af(ett fhe originat I~abil~ty of the h10RIGAGOR herein, either in whole or in part. ~ 10. It is specifically agreed lhat time is of the essence of lhis contr~ct and that no waiver of any obtigation hereunder or of the obligation se- a,red hereby shall at any time thereafter be held to be a waiver of the terms hereoE or of the instr~meN secwed herby. 11. In add~tion to the forego:ng morohly payments of prirc'na~ a^d E:;ereit reqo~red by the prom:ssory no'e secu+ed here6y, mortgagor covenants and agrees to pay to mortgagee ~vith each momhiy pay.~~ent an addlrional sun~ est;mated by mortyagee to be equal to 1/ 12 of tFe annua! cost of the fallovv- ' i ~^9= A-All reai property taxrs levied or assessed aga~ost the above dezcribcd real estate. B-Premiums en 4ire s^d :..~,~si~rm insurance as here~n requ~red to be carried on the improvzme~ts situate on the above c~esvived premises. C-Premiums on svch mo:tgage guaranty insurar~ce as mortgagee sFall /rom tfine to time dezn fit to carry cn the loan secured hereby. Mortgagee shall from time to time notify mertgagor in writing of the arnount due ar.d payabte hereunde~ and such sum shall thereuF~n be due and payab!e on the due date of the nexl month!y payment and each :;:cceri,e mo::!': !hereaftcr un~il mcrtgagee shall noiify mortgagor of a cFange in such amount. Such sums shall be apptied by rnortgagee to•xard the payment of reat property taxe;, insurance prem:umz, and mortgaga guaranty insurance premiums. IN 1i'ITF1E5$ YJHEREOF, the said ::,.^,R;Gi+vOk has hereunto set his hand and seal the da~ and year first aforc3said. igned, Sea d an de ' ed in the presence of: (g ~ - o ~ a~c~-'~~ _ _(Seal) (Sea1) - (Seal} _ (Seal) STATE OF FLORIDA ~ COUNTY OF S t. Lu c i e ~ Before me personally appeared Le e V. Me rrl C,~? 8 s i n~x 1 e 8 C~U ~ t X~~ ! 6[SXyJQf16 t e well knor;n and knov~~ !o me to ha ~ ' the individual described in and who executed the foregoing instrume~t, and acknowledged beiore me that-~ executed the same for the p~rposes i rherein expressed. Xr~H3Q3~~Ea~i~iC _ ; ~7idC3l3f~E]f~ Xs~i~a~C~fj~Q~(?3C7~7d]~~3i1~ # 7€~ilC?Cai"w~6?fi~C }6K 1i4~.3C3'e~a3~iK }6~Ef}~tFf d6d{ 75d~ ~~a~6 T, 7€dki~i~l~ }[dCa~5~ KeI~YP.Xr~e7i85L{a2Cr~C~Tc ~'t3E~8?b3~Ca{s]~~3f,Yt~g~r?fi~GrlCiifr~: _ 3ialGl}~Jir}@XJCtP~oXt~~s7(~.}Cc~dSp&RiOF+JCc7~sFa~f'+t~CX~,~SrXh~r$iKi~X 7~~C~FoKIfuY~}4~XrFsiCcRBG~6~'nX • . • • • ; " XF ~X • WITNESS my hand arcc! officiat sza~ fF~is o1~ ~ day of J8n Y'V D.'19`~'~~ ~ , i , i - Notary Public in for the Stat@'4f-($cVida a°Y~erge ~ i ~ !Ay Commission xpires: ' C,:`~ ~ Retum ro: F~~ q REC RDED , = First federal Savings b toan Association ~ ~p~Q a ~-lj..~7 ~G'.~r, r~:~ b`-=i9.h^~.{Ni i;'~ ~ ~ f~ / ' 1~ Li;i'f'. 7" `..ti.7.~'3S'r~1}~~{ ~ . Of fort P~erce. - ~:3'~~eJ .~y~i,i.i:,.,:._;~~ .:utis43i~C0#Sll~ 4 . . S ~ ~ Fort Pierce, Florida 1, ~jT' CiG-C Z i . . ~,s,~,:,,, 31 P~i 3 : 31 # _ ~ . ~ ~ ~ ~ '~6 J~'IP~ , . _ . ; ~ ~ , . , _ y- - ROGER ~':..'~i-~tif~:~. ~L.r.RK ~ _ - - = ST. LUCIt COUNTY, : ~ - ~ - ~'LORIDl~ . . , tf - . : ~ - ~ _ , ~ , ~ - : . } . . . # _ _ _ . - ~ ~ ` ~~7 314 : - ~