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Home My WebLink About1887~~. a. ~. ~. r:aca and contlnvously keep on tM buff now or Mnaftar sttw» on sold land and acs all equipment and personalty covered by this mong- aga, with all premiums tMrsotr paid In fuR, Tina Inwranot In tM stave! atarsdard policy fours. In • awn approved by tM MORTGAGEE, end windstorm Inwrence Ir, the u-wl Nandxd pelity fans, Fn a sum approved -by the MORTGAGEE, M such , cur»pany or conspania u tM MORTGAGEE may direct; •tsd all fire and wirkftkum Itsaurarsoa polklp 0.l arty of aafd tsulldirspa, any Intarast tMretn a part thereof, In tM aggregate wm sforetald w In •xcass tMreof, tMll contain tM siwal na+sdsrstl nortgrpM dawe or suds otfiar cfauaa as t:se Matgeyse may ~aquira, makrsg tM lays under said Fo!i• Iles, each and awry, Rayable M a12 MOP,TGA.'sEE as fee intereot may apfle+r, arsd oa<h ;*id every w:h policy shall ba promptly •u:gnad and delivorcd to any bald by a1d MORTGAGEE a furthN securely to said rnertgaye debt, and, rsot teas than tan (10) drys In tsdvanca of tM •xplr•tton of each polky, to de- liver to said MORTGAGEE • renewal jhereof, together with s racalpi for rha premium of inch renewal; and tMre atoll be rw lira w windstorm intunn<a placed on any of old buildings, any interest tharatn or part tfuraof, vnl+tas In the form arsd with tM lee payable » aforesaid; and in tM avant any wm of money bacomsa payable under tueh pallgr w polkfas old MORTGAGEE sMll ~,aw tM opt€on to receive and apply tM aura on account of the Indebted- ness secured Mreby or to permit aid MORTGAGORsS to receive and via h tx any 'part thereof for other purposes, without Thereby waiv6,g or :mpair- In9 any equity, liar a right under or 6y virtw Af irhit, mortgepar and in the event acid MORTGAGORS shall for any Hawn fall to keep tM said premises so Insured, or fail to deliver promptly any of said polklet of tnturance to said MORTGAGEE, or fall promptly to pay fully any premium therefor or In any respect 4ei1 to pe:fsrm, distMrpe, •xscute, affect, tomplate, comply with and abide by this covenant, or •ny pert Mraof, sold MORTGAGEE may place and pay For such insurance w any part thereof without walvlrp a affecting any option, !lan, putty, a right under or by virtue of this Mortgage, and rha full amount of each and every ouch payment sMll be immediately dw and pr;-sb!e •nd •MII bear Interest from rM dat• thereof until paid at rha rate of nine pot centaur par annum and togetMr with such interest sMll be tscured 6y tM Ilan of thin mortgage. 4. To p+rmlt, commit or auffsr rso orate, {mpairn;ant or datarbration of aald property or any paH thereof. 5. To pay all •nd tlrpular the casts, cMrgat and expenas, including a reasonable •ttwr»y's tea and casU of abstracts of title, Incvrrcd or paid at any tlTe by said MORTGAGEE, becauta or to !M event of tM failure on tM part of tM told MORTGAGOR to duly, promptly and fully perform, discharge. execute, sffed, complete, comply with end abide by •ach ern; every tM stipulations, agreements, conditions, and mvenent• of said promissory note and this mortgage •ny or eltMr, and raid costs, chuges •nd expanses, each and every, sMll be Immedia!e!y due •nd payablr, whether or not there be notice dr mend, attempt to collate or suit persdirsg; and rha fv71 amount of each •nd every ouch payment shall boar Intarast from rha dare thereof until paid at the rare of Wins per centaur per annum; and all said torts, cMrgN and expanses incurred tN paid, together with such IntereM, •MII be secured by the lien of this mortgage. 6. Tha! (a) in tM event of any branch of this Mortgage or default on tM part of rha MORTGAGOR, or (b) In the event any of said rums of money herstn referred to ba not promptly end fully paid v •In thirty (30) days next after tM same severally become due and payable, witfsout demand or notice, or (c) In /M event each and every iM stipulations, aq.esmantt, conditions and covenants of said promissory no±e end this mortgage any or either are not July, promptly and fully performed, discharged, executed, •ffseted, completed, complied with and abided Sy, tfsen in either or any such evem the raid ag gregate sum mentioned In raid promiuory note then remaining unpaid, with interest acvued, •rd ell moneys secured Mreby, shall become due and pay able forthwith, or thereafter, at the option of said MORTGAGE!, as fully and completely as If ell of the said sums of money were originally stipulbted to be paid on such day, anything in said promissory Hoer or In this Mo:tgaye to the contrary notwithstanding; ono tMraupon or thereafter at the option of said MORTGAGEE, without notke or demand, suit at taw w in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to ib institution. 7. That in tM event that at the beginning of or st any rims pending any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any claims hereunder, raid MORTGAGEE shall apply to the Court having jurisdiction thereof ter the appointment of a Receiver, such Court shall Forthwith appoint a receiver of said mortgaged property all and singular, Inclvd~rsg all end singular the income, profits, issues end revanves from whatever source defived, each and every of which, it being exprauly u.-sderttood, is Mreby mortgaged as if specifically set forth end described in the granting and habendum clauaet Mraof, and such Receiver shall have all the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall ba made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of tM property mortgaged or to the snlvengr or inaoivency of raid MORTGAGOR or the defenranis, end that such rents, profits, income, issues end revenues sMll be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. B. To duly, promptly end fully perform, discharge, execute, effect, complete, comply with end abide by each and every the stipulations, agreements, conditions end covenanU in said promissory note and this rortgage set froth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, rha MORTGAGEE, its successors and assigns, may, without notice to tM AIORTGAOR, deal with such successor or successor in interest with reference to this mortgeg• and the debt hereby secured In rha same manner as with Mortgagor without In any way vitiating or discharging the 1Aortgagon' liability here- under or upon the debt hereby secured. No Bela of the premises hereby mortgaged and no forbearance on tM part of the MORTGAGEE or its successors or assigns and no extension of the time for tM payment of the debt Mreby secured given by the MORTGAGEE or its successors or essigrs, shall operate to release, discharge, rteodify charsge or affect the original liability of tM MORTGAGOR herein, eith+r in whole w in part. 10. It is specifically agreed that time is of rha essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the termt hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of print'pal and interest required 6y the prom story note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add~tionel sum estimated by mortgagee to 6e equal to 1 j 12 of the annual cost of the follow- ing: A-AII real property taxis levied w assessed against the above described real estate. B-Premiums on fire and windstorm insuranxe as herein required to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry or. the loan secured hereby. Mortgagee shell from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shell notify mortgagor of a change in such a-nount. Such sums shall be applied by mortgagee toward tM payment of real property taxes, insurance premiums, and mortgage guaranty insurance premiums. ' IN VJITNESS WHEREOF, the said MORTGAGOR has hereunto sat his hand and seal the day and year titer aforesaid. gn d, and del' in tM presence of: /-, ~~ ~~-Y=-F~ Seal) -- (Se a I) (Seal) STATE OF FLORIDA T SS. COUNTY OF ~ t + 1 :L7 G ~ Before ms personally appeared w• H• FulWOOd .and MAdA~ 3 An F t~ YQQrj hit wife, to me well known and known to me to bs tM individuals desvibed In and who executed rha foregoing lnstrumsnt, and acknowledged before me that they exeo;tad the same for tM purposes therein expressed. And the aid- ~.$dBlii~rl FulaOOd wife of the said N~ ~. Fl11HOOd - upon a separate end private examination by ms taken operate and apart from her said husband, acknowledged to •nd before me that she executed said instrument freely and volun- tarily and without any compulsbn, constraint, appraMpnsion, or fear of or from hoc sold husband. L .y WITNESS my hand and official seal this !7th day of D A. D. 19_S2L._ Rotary Publk 1 and for tM State of Fbrida at !ergs My Commiuion expires: Ra1Vrn TO: `iS,~rrtt,NlrHI, First Federal Savings b loan Association NOtary Pt1b1iC, $'.ate Of FIOr'dd 8t LargE , • y, .~ r r,,,r fdy Commission Expires March 11, 19(6 ~~.~~,~~> Qjj•3t~ ~~, Of Fort Pierce. ~ ~., ~+ Fort Pierce, Flortc~p.......,, Bonded by American Surety Co. of N. Y. ,~~v ~ }„ % ,! i, 1 esq. ~Ul~v: ~+~, ,t~ l h A ~, ~`' •. 't,0' ~~ _ ~ ~ r f dy r t . _.r r r' .1 ~!_ • ~ ~~~~D~D ~~a,xr r .f,' ;~; 11 f -'%~,s~,_.,~.~°` _ SR~ U~i P011`R~S G~ERK U COUNTp, F'lORlOA ,,