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Home My WebLink About0301 ~ ~ • 3. Tn placa end continuously ketp on the b~i!dings now or hereafter ~itvate on se~d land a ~d on all ~quip~nem end ptrsonally tovered by ihis mortg- ti pi, with ¦1! premium~ fhereon paid in (ull, fire insurance in the usual iranda~d policy form, in a su~n approved by ihe MOR~~AGEE, and windetonn insur~nc~ i~ Ihe wwl u~nda~d pol:cy forrn, in a wm appro~ed by the MORTGAGEE, in tuch to~npany or companies aa the MORTGAGEE may dinct; and all fir~ ~nd windatorm insurance poliues on any ~f ~a~d build~n9s, any )n~eroat therein or pert the~eof, in the aQgreg~ta sum aforetaid or M excess thareof, sMll contain tha usual standard mortgagea cla~~a.or ~uch oiher t~au~e as the Mortgagee may require, makirr9 the I~ss undt~ sa~d pol'r _ tit~, eath and every, paye5le to said MORTGAGEE as its ir,tero~; may appear, and eech and eve~y a~ch po!~cr shaU be ~promptly as~ yned and dKlivered to ~ny held by ~oid MORTGAGEE u further security to seid mortgag~ debt, and, not lese than ten (10) days in ndvance of the expiration af each policy, to dr Ifwr to ~aid MORTGAGEE a ranewel thereof, to9eiher wiih a receipl for tha Fremium of such renewal; and ~here shall br no fire or winds~o~m insurance pl~crd on iny of a~id buildirtgs, ~ny interest the~a~n or pert thercof, unless in the fonn and with tha ~oss payeble as afortseid; and in the tvanf any t~m Of mo~ey brcomes payable under futh policy or policies seid MORTGAGEE ihall have the opt~on to receive a~~d apply the same on account o4 the indebted- n?s~ setured h~reby or to permit ~aid MORTGAGOR$ fo rc.aive and use it or any pa~t the:cof for o:ncr purpCSei, vr:Iho~~t ~hs•~b,+ wa;vi~3 or ~m~ai.- iny ~ny equity, li~n or riyh~ ~nder o~ by virrue of Ihis mor'gage; and in the event se~d MORTGAGORS sha!I Eor any reason fail to keep the said premisaf so inwrsd, d f~31 t0 drl+ver prpmptly ~ny of said polities of insurnnce to faid MORTGAGEE, or fai! promptly to pay Fuily any premium therelar or in any r~sp~cf fail ro ptrfpm, discharg~, ~~~iute, e(fect, complete, comply wirh and abide by this covenarit, or any ~art hareof, said MORTGAGEE may plece a~~d pay fw a~ch imuronc~ w usy part thereof without waiving or affecting any option, lien, equity, nr right under or by virtue of thi~ Mo~tgage, snd the ful) ~mouM of eeth a~rd ev~ry ~uth paymenl shall be im~nrdiarely due and peyable •nd shall beer interest from the date thereof untii paid at the rote ol nin~ per centum psr annum and together wirh such interest sha~i be srcwed by fhe fien of this morrgage. I. To permit, tanmit or suffer no waste, impairment or deterlorotio~ of sa7d property or any part thereof. S. To pay all and sinqular the costs, charges ar.d exper.ses, tncluding a reasonable attorney's fee and costs of abstratts of title, incurred or paid at any time 6y said MORTGAGfE, betause or in the eveni of !he iaifure on tha part of ~he said MORTGAGOR to duly, promptly and fu11y perform, diacharge, execute, effect, complete, compty wrth and ab:de by each end every the stipu!atirns, agreements, conditions, and ccvenrnt~ of said promissory note and th,s mortqa~e •ny or either, and said costs, chargee and expenses, each and every, shell be immediarel/ due and payable; whether or not there be not~ce d-~ mand, attempt to tollett ot suit pending; and the tull amount of each and every svch payment sha!I bear interest from the dete thereof until peid at the rate of nine per centum per annum; and a1i said cosrs, charges ar+d expenses i~xurred or paid, togriher w~th wch interest, shall be aecured by the lien of th~• mortq+ge. 6. Thaf (a) in the svent of eny breach of this Mortgagc or default on the part nf the MORTGAGOR, or ~b) in the event any of sa~d s~ms of money herein referred to be not promptly and f~lly paid with~n th~rty (30) days next atter the same severalty 4ecome due and payable, without demand or notice, or (c) in the evsnt each and every the stipulations, agreemen!s, cond~tions and covanants of sa,d promissory note and th~s mortgage any or either are no1 ~uly, promptly and fully performed, discfiarged, exetuted, effected, com~leted, complied with and ab~ded 5y, then in e~ther or any such event the sa~d ag- pregais sum mentioned in taid promissory note thzn remaining unpaid, with interest acuued, and a:l moneys se<ured hereby, shall become d~e and pay able forthwith, or theroafter, at the option of ;a~d MORTGAGEE, as fully and com~nie:ely as if atl of ~he sald sums of money werc oNginaily s~~puiated to be pald on su~h day, anything in aa d promissory no!e or in thia Mortgage ro the contra.ry notwiths:anding; and ihereupon or tfiereafier at the option of said MORTGAGEE, without notite or demand, suii at law or in equity, therefare or thereaf~er begun; may be prosecuted as if all moneys secured hereby had matured pr~ar to its ins~itu~ion. 7. Thst in the event that at the beginn~ng of or at any time pending any suit upon this Morrgage, or to fore~:lose it, or to reform it, or to cnforce pdyment of eny claims hereunder, said MC7RTGAGEE sha!I apply to the Court having junsd~c!ion thereof for the appo.ntment of a Receiver, svch tourt shail forfhwith appoint a receiver of said mortgaged property all and singular, intlud~ng alI and s~nqufar the incun,e, p-uf~ts, issues ar.d ~evenues f~om whatever sou~ce deri+ed, each and every of whlch, it being express!y understood. is hereby morigaged as ~f spec:ficai!y set forth and described in the g~anting and habendum cla~ses hereof, and such R~ceirer shall have ail the b.oad and effectiae f~ncr,ons and powers in anywise entr~sted by a Covrt ro a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORIGAGEE, and withuut reference to the edequaty or inadequaty of the vatue of the property morrgaged or to the :o~vency or inselvency o! sa~d MORiC;AGOR or the defendanrs, and rhat such rents, p:ofits, income, issues and reve~uea :hali _be a~p:ied by such Receiver according to the lien or equity of safd MORiGAGEE and rhe practice of such Court. 8. To duly, promptly and fully perform, d;scharge, execute, effect, complete, ton,ply with end abide by each and every the stipulations, agreements, conditians and covensnts in said promissory note and th~s mertgage se+ forth. 9. That in the event the owrtership ofi the martgaged pra~,~ises, or ary part ti,~reof, 6ecomes v4sted in a person cther than the MORTGAGOR, the MORTGAGEE, it~ wuessors and assigns, may, w~thovi notice to the ;L40RTGA02, deal w~~h such su;cessor o~ s~~c.essor in interest with reference to this mortgage and the debt hereby secured in thc same manner as with Mortgagor vvifhout in any way vit~ating or d~scha~ging the Mortgagors' liability hero- under or upo~ the debt hereby secured. No sale ot the FreT:~s^s hcreby mortgaged ard no fe~beara~ce on ~he part of rhe IAORTGAGEE or its successors or assigns and no exieni+on of the time ior th~ paymenr cf the debt fioreby secured grven by th~ ;Y~ORTGAGEE or ita successors or asslgns, aliall operate to re!ease, discharge, modify change or affect ihe original liau~liry of ~he MORTGAGOR herein, either in wFwle or in part. 10. It is specificatly agreed that time is of the essence ef th~s contract and rhat no weiver of any obltgat~on hereunder or of the obligation sr et,red hereby shall at eny time tFrereafter be held to be a va~aivcr of the terms hereo! or of the instrument sec~red herby: 11. In add;tio : to the forego'ng n,on'h!y payrnents of pr~,-.c pal and interest re~.,i:c~ by the prom sscry no!e sec~red hereby, mortyagor covenants and agrees ro pay to mortgagee with each monrhly payr.~ent an add~rlonal sum esrr.,a~ed 'oy morty.,gee to be =~uai to l, 12 of tf~a ~nnua! cosr of the follaw- ing: . A-All real property taxes ievicd or assessed a~3i•~s! tnc above dts:~+hF~ r.a~ estate. . 8-Prem~ums on fire and windstorm ins~iart2 as nere'~n reGu~red ro bc carrl~d en th_ lmF.roveme~ts s tvate on the ai~evc described premises. C-Prem~ums on such mortgage guaranty ic5urar~ce ~s mor!yacee shall trc~-- rme !o ti~n_~ ~eem ii~ to carry ~n the lo~~ secwed hereby. Mortgagee sha{i from time to t~me na!!iy mort,agcr in vni!~ng ot the a~no.~~t d_~e and payab'e hereund,r and s;ch su:~~ sha;E thereupor. be d~e and payable on the due date of th= nert monthly p~~~nr,..t ard each successive mor:rh +nereair;i ~cr„ mwtgagee sha!1 notl(y mortgagor of a change in such ameunt. Such sums sha l be applizd by morrgag~.e ro-.oard tf:c pay~nent of rea' proFCrty taxus, insurance pre~,~'ums, a.:d morigage guaranty inwra~ce premiums. !N V?17NE55 WH ' F, the said MOFTGAGOR has he:eunto set his har~d and 5eal the day and year first aforesaid. Siyned,~Seal and etiv r in the pr~ence of: A w ~e~~ ~ _ ~1l ~z~.•~ , ;Seel) -cs~a~> cs~an STATE OF FLORIDA ' 55. COUNTY OF ~~'lEt~'r~~1Cid - 1 8efore me personally appeared .T ~ P. a2'OW2] v ~ ~ _ end MarthB L• BI'OW'Il ~ h~s wife, to me wel! known and known to me To be tho individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purpo~es rhere~n expressed. A~d the caid Martha L~ BI'O{~1I1 wife of the said ~ J• Bl°01JY1 ` upo~ a separate artd privatr examination Gy me taken separate and apart fram her sa~d husband, acknowledgcd to and before me that she executed said instrument freely and votun- tarily and withovt any compulsion, constraint, apprehens:on, or fea~ of or from her said husband. ~r WITNESS my har~d and official sea~ this_ _ day of A. D. 19 . ~ ~..~y `~1~'~ tary Public in and for th~~.,'~f~ Qf'~~!~ ~~9A, y Comm~asion ezpires: ° ti"~ ~ f%% .~'.3{ Rrtum To: • ~y,,~ ..t1? ~ . % ; ~ T` \ firat Federal Sav~ngs 3 loan Aswciation ~ y C~ _ ~J - Of Port P:erce. ~ ~ r ~ ' ~ ' C ~ Fort Pierce, Florida „ ; t~,± 1~, . ; _ Ji R p E D Marrnr~r pue~ic, 57ATE of FLORIDA ah~ , I FI~ED AND REC . : y , 7., ~ R Q Q}C AIY COMMISSION EXPIRt`S AHR. 24, -3 ' j . • ~ . ~ : ~ ` ' . ~~P i ` ' i,t !,j•.~. ~ ~~~1~~~r . 1i1 • r?• ~ K, ; . . . J•~~,,1~ ~ ~ry.~.. ~ ~ • ~ =a'. - Z PM 3 • ~ ; _ . : ~ 13'?'E~~ . ~'E'' " ~J R~GEF ~o~ ~ r;us, CT~P,K . ~ COUN ~ R ~99 F~O~.IDA BOOK _.t •1} ~ . , , , t y , ~ . - ~ ~7 t - -