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Home My WebLink About1899 9. To plx~ and tonlinuously ksep on the buiiding~ now w Mreafter ~ituate on said laod and on all equ~pment ~nd p~nonally cov~red by thi~ mortQ~ sye, with •II pramivrtR thereon psid in full. (iro insura~ce ~n the vaual standard policy form, ~n a aun? ~pproved by /he MORTGAGEE, and wir~dstpm ~:+sur~ 1~ IM utu~t standard pot~cy fwm, in • ium approved by tM MORTGAGEE; in s~cA compa~y oe companies as tM MORTGAGEE m~y dir~ctj ~nd ill fir~ +nd w~ndetorm insurance poliuet a? ~ny of iaid 6uild~n~s, ~ny inte~e~t therein or put thereof, i~ tM +9grega~e sum atoresaid w in txtesf thereof. shall cont~in tM u~ual s~andard matgagex ctause or such other cla~se as tM 1Nortgagee may re~uire, ma4in9 tM loss unda ~aid pol~ ciy, eath u~d ~v~ry, payabls to iald MORTGAGEE +s ita intereil may ~ppea?, and each snd every such policy shall be promp~ly afs:gncd and delive~ed to ~ny heW by said MORTGAGEE +s fur~her secu?ity to uid mat9age debt, and, not leu lhsn ten (IO) days in sdvance of the expirat~~r? of each policy, 1o dr tivK to i+id MORTGAGEE a renewal thereof, to~etF~ wi~h ~ rete~pt iw the premium of such ~enewal; sr+d there shall be no f~rA o~ windstorm insvranc~ plx~d on ~ny of s+~d buitdings, ~ny intereil thcre~n a p+rt thereof, ~nleu i~ th~ forrti and with ~he loss p+yabte as a(oresaid; and in the event any ium of mon~y b~tomes payable undcr such policy p potKies wid MORTGAGEE shall have the opt~an ~o receive and apply tM s+m~ on acco~N o1 the indebted- rteu seturad F~eby o~ 10 petmil said MORTGAGORS Io rtteive and use it p sny psrt thereof foi olhc~ purposes, w~~Mut Iharcb~ waivi~~g pr ~mpair• inq ~ny puiry, li~n p riyht under a by virtw of this mortp:ge; and i~? ~M event sa~d MORTGAGORS shaH (w any reason fail to keep the asid premises so - insured, w fail to dtlive~ promptly any of said polities of insunnta to s~id MORTGAGEE, o~ fail promptly to pay fully any premium therefw w in a~y rsspett fail to perfo~m, ditcharge, execute, effecl, complete, compty with and ab'~de by ~hii covenan~, w any part hereof, said MORTGAGEE may placa end paY fa such insurancs w ~ny put thereof without watviny or affectinQ any optio~. lien. equ~ty, or righl under or by virtue of this Mwtgaye, and the full ~mount of each ~nd every i~ch payment sbstl be immc+liately dw snd payabla snd sAall bes~ interest (rom ths d.t~ thereof unrl paid al the rat~ of nine pet cent~m per annum snd togelher with ~ucA interest shall be secured by the iien of thii mortgage. 1. To permit, co:nmit w suffer no waate, impairment a dcteriwation of said prope?ty a eny p~rt thereof. S. To pay alt and iinyutar the.costs, charges and expenses, including a reasonable ~ttorney's fce and costs of ~b~tracn of t~tle, incuned w pa~d at any time by iaid MORTGAGEE, bec+use w in the event of the failure on tha part of the said MORTGAGOR to duly, promptly and fully pcrfwm, d~scharqe, execute, eifect, tomplete, comply w~th and ab~de by each and every the stipuletions, ag~eements, condition~, and mvenann of sa~d promissory note and this mon~ags iny p eithe~, and is~d cosb, ch~rges and expen~ei, each and every, shall be immediately due and payable; whNhe~ or not ther• be notite de~ mand, mempt to collect or suit pending; arrd the full amovnt of each and e~•ery svch psymem shall bea? interesl irom the dare thereof until paid al the rate o( nine per cenrum per annu:n; and aN said tcsts, chuges and expenses inturred ot paid, togelF?er with such inttresl, s1?all be setured by tM lien of this monpaye. A. Thal (a) in the eveM of ~ny breach of this Mortg~ge o~ defavl~ on the part of the MORTGAGOR, a(b) in the event any of se~d svms of monay herein rsferred to be not promptly and futly paid wifh'rn rh;~ty (30) days nexf after the same severa{ly become due +nd payable, without demand w notice, or (c) in tM event cach and evcry the stipulations, agreements, cond~tions and covensnts of sa;d promisu+ry note and th~s mwtga9e ~ny w e~th~v are not ~uly, promptly u+d fully periwmed, d~scharged, executed, effected, completed, compl+ed with and abided 5y, fhen in e~the? or any svch event 1he said ag preg~f~ sum rn~maned in ssid promisswy note then remaininy unpaid, with interest accrucd, and all moneys setured hsreby, shalt become due and pay- able forthwitA, Of tlKfNffK, at the optiw? of said MORTGAGEE, as fully ~nd completely ~s if all of the said sums oi money were origina~ly •tipulated to be pa~d on such day, a~ything in sa;d prom]uory note or in this Nbrtgage to the co~tr~ry notwiths~anding; and ~F~eupun w thcreafter at the option of seid MORTGAGEE, without notice or dema~d, suit at law or ir. equity, there(ore or thereafter begun, may be prosecuted as if •II rtwneyt secured hereby had matured pnor to in institvtion. 7. That i~ Ihe event that ~r rhe beginning of a at aoy time pendirg aoy su~t upon th~s Mortgage, or to faeclose it, w to refum it, or to enforce payment of any claims he*eunder, said MORTGAGEE shall apply to the Cour~ having ju~isd~cuon thereof ta the appo~ntment of a Receiver, wch Court shall fortFiwith appoint a rece~vcr of said mortgsged property all and singulu, includ~ng all and singvlar the irtcome, p~ofifs, issues and revenves from whatever source derived, eath and every of whith, it bcing expressly undcratood, is hereby mortgaged as if }pecifically xt fwth and dexribed in the granting and habendum clauses hereot, snd such Receiver shal~ have a~l the broad and effective funct~o~s and powers in anywise entrusted by a Co~rt to s Receiver, and s~ch appointment shaU be made by such Cou~t as an adtnitted equity and a matter of abso~ute right to said MORTGAGEE, ar+d without ~eference to ths edeq~aq or inadeqwcy of the value of the property mortgsged or to the sotverxy or ~nsolvency of said MORTGAGOR a the defendants, and ~ha1 tuch renrs, profin, income, iuves and reve~ues shall be app(ied by such Receive~ accord~n9 to the lien a equiry o! sa;d MORTGAGEE and the practice of such CouA. 8. To duly, prompfly and fully perfwm, dixharge, execute, effect, complete, comply with •nd abide by each and every the stipulations, sgreements, conditans snd covenants said promissory rwte and fhis mortgsge set forth. 9. Ths1 i~ the event the ownenhip oi the mortgaged prem~ses, or any part rhe~eof, becomes vested in a penon other than the MORTGAGOR, the MORTGAGEE, its successon and assigns, may, wifhout ratice to the MORTGAOR, desl with such successor o~ successw in interes~ with refcre~ce to this mortgage and the dcbt hereby secured in th! same manner ~s with Mortgagor without in any wsy viti~ting or dischargirg the Mortgagori liabili~y he~r uride~ or upon fhe debt he~eby secured. No sste of the premis?s hereby mortgaged and no forbeannce on the part of the MORTGAGEE w its tuccessors w assignt and no extension of the time iw the payment of the debf he.eby secured given by the MORTGAGEE or its successors or auigns, ,hall operate ?a releue, discharge, modify change w affecr the oriq~nal liab~l;ty of the MARTGAGOR he~ein, either in whole a in psrt. 10. It is spetif'rcally agreed thst time is of the essence of this contract and tMt no waiver of any obl~gat~on hereunder a of the obligaYqn ~e- a.red txreby shall at any time the?eafter be held to be a waiver of the terms hereof or of the instrurt+eM secured herby. 11. In add~tion to the forego:~g momhly paymen~s of prinCp~l and interest requ~red by the promissory note secured fxreby, mortgagor cwenants and agrees to pay to mortgagee with each monthly payrnent an add;rionsl sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes levied w assessed agai~st the above desuibed real estate. B-Premiums on fire and wi~dstorm insurance as here~n requ~red to be carried an the improvemcnts situate on tl~e above d-scribed premises. C-Premiums on such rtwri~age gvaranry insurar.ce as mortgageo shall from time to time deem fit to carry on the losn setured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hcreunder and such sum shall tkereupon be due and payable on the due date of the next monthly payment and each success~ve month thereafte~ ur.til mortgagee shati rat~ly mortgagor of a change io such amount_ Such sums aha!! be applied by mortg~gee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ' ned, ~nd eliver in the pesence of: ~ ~ ~ O •n ; ~ ~ . ~s~.+~ ` _ STATE OF FLORIDA 1 COUNTY Of - S~_ I.12C 1@ j ~ eefae me personslly appeared ~ZZ A Weeks a~ AZITlB L' w@A~CS _ his wife, to me welt known and krawn to me to be the individwls desvibed in and wFw executed the foregoing instrumcnt, and scknowledged before me that they executed the same for the purposes therein expressed. And the said Alma ~i' w66k3 wife ot the said B 1 1~ A wB@~{S upon a separate snd privar~ examination by me taken separale and apart from her said husband, adcnowledged to and before me that she executed ssid instrument freely ~nd volurr tarily ~od without arqr compulsan, conslraint, appreheniron, w feu of w lrom her said husband. WIiNESS my hand a~d official seal this ~ day of ~ p, ~q~~ ~ W otary Pubfic in and fw the State of:fiorid~ at l~rpe y Commisiron expires: ` Retum Ta ,4 ~„4 ~(e fiM Fedenl 5avings 3 loan Association fl RD ED ' . Of Fort P;er«. FILED 1~NG REC ~ 00K NOTARYPUBLlC, sta~o~Rtt~~t~#~; : Port P~erce, Flw~ds ~~~a'..Qp~~- MY COMMISSION EXP~S pp~ p4, ~9 = ~ ¦M......~ t,~.,~~:~~!tih~; . ~Q - _ - ~r~ R J'' •'r~~~~ ~ P~'~ 3 . ~ 3 - ; . _ ~~-,r '~G 1~~~ 3 t , ~ . _ ~ . ~ ~ - ~ -'w - ~ ~~:~~..~..~~3 ~.RK 1~~. ~ = - . . • ` _ ~vc ~ +,~Li1~Ct1~-CCUN ~ Y• ~ . - - " ' ' ~ FLORI~A ~ f ~ ~ • c.• ~ ~ 800~1~2 ~ . _ ~ ~ ~ ` ~ - -