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Home My WebLink About2589 ~ . . t ~ 3. To p~ace and contirnwusty kcep on the buildinga now w hereafter situate on said land and on all equipment snd penonsily mvered by thii mo?tg- sys, with all premivrrR thereon pa~d in full, iire insurance in the usual s+andard policy form, rn a sum approved by the MORiGAGEE, and windstam (nsurar+te in the ~sual stsndard pol~cy fam, in a sum approved by the MORTGAGEE, in s~ch company o~ companies as the MORTGAGEE msy direch and all fire u~d wiedstorm insurance policies on a~y of ssid buiid~ngs, any inrerest there+n or pa?t thereof, ln ths sggrcgste sum afwesaid w i in excess ~1~ereof, :hall contain the usual standard mortgagee clause or such o~hcr clause ss ths Mwtpagee may ~equ~re, m~king the loss under said poli- , tin, each and eve?y, psyable 1o said MORTGAGEf as ~ts interest may appea?, and cach and every such policy shall be promptly eu:gnsd and delive?ed ~o any held by s~id MORTGAGEE as further stcurity to said mortgage deb?, and, not lesi than ten (10) days in advance of the expiration of esch policy, to de- livtr to sa~d MORTGAGEE a ie~ewal thereof, togethe? with a receipt For the premium of such rencwal; a~d there shall be ra f~re or windsto~m in~ur+nce pl~tad on ~~y of said buildings, any interest therein or part thereof, untess in the fc~m'and with the loss payable as afaesaid; a~d in the evenl any sum ~ of money becomcs payabte unda tuch policy or policies said MORTGAGEE shall have ths opt~or? ro receive and apply the same on sccount o~ the i~debted~ ness secv~ed hereby w to permit said MORTGAGORS to receive and use it a any part thereof fo~ other purposes, w~thour the.Fbr waiving o? impair- ~ iny any aq~~ty, lien or rght under or by virtve oi this morrgage; and in the evcnt taid MORTGAGORS sha0 fw sny reason iail to keep the said p~emitea so insured, w fail to deliver promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium thtrefw o~ in any ; respect fsil to pe~form, discharge, execute, effect, complete, comply wirh ~nd sbide by fhis covenant, a any part hereof, said MORTGAGEE may pl~ce and ' pay (or such tnsu•ance or any psrt tlxreof without walving or affediny any option, iieo, equity, or righ~ under or by virtue of this Mprtgspe, and the ? full smovnt of e+th and every suth payment shall be immediately due and payable snd shall bear interest irom the date thereof until pa'rd M ths ratb r~ ; nine per ce~tum pe.v annum and to~efher wefh suth inferest shall be secured by the 1'~en of this mottgage. 1. To permit, commit w suffer no waste, impairment or deter'wration of ssid property or any part thereof. S. To pay all a~d ai~gulsr Ihe.tosts, charges and expenses, including a reasonable at~wney's fee and cosri of ab~trads of title, iocurred w paid at any time by taid MORTGAGEE, betaus! o~ in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully pe~form, dixharge execute, effect, complete, comply with and abide by each ~nd every the sYrpulations, agreemenb, conditions, and covenants of said promissory note snd this ' mort9age any a eitlxr, and sa~d costs, charges ~nd expenses, cach and ev~?y, shall be immediately due and payable; whether or not there be rarice d~ mand, ~ttempt fo mllect or suit pending; and the full amount of each and tvery such payment shall bea? interest from the date thereof until p~id at the rate of nine pcr ce~tum per annum; and all said costs, charges a~d expenses inwrred w paid, togetl+er with such inrerest, shall be secured by ~h. li.n of ~F~:s ~ "'°'t~'g°• , Q That (a) in the event of sny breach of this Matgage w defauk on rhe part of the MORTGAGOR, a(b) in the avent sny of sa~d sums of money herein referred to be not {xomptiy and fully paid within th~rty (30) days next a~ter the same severally becwne due and payable, without demand w notice, or (d in the eveqt each and every the stipulations, agreemcnts, cond~tions and tovenants of sa~d promissory note ard th~s mortgsge a~y a e;ther are nof ~uly, prompNy and Fulty performed, d+'xha~ged, executed, effected, completed, complied w7~h and ab~ded by, then in either w any such event the said ag- ~ pregste sum mentioned in said promissory note then remaining unpaid, with i~terest accrued, and all moneys aecured heteby, shall become due and pay- ? ~ble fathwith, a tlxreafter, at the option of said MORTGAGEE, ss fully ard complttely as if all of the said sums of money were orginally stipulstcd ~ to be paid on such day, anything in sa;d promisswy note w in this 1Nortgage to the contrary notwithstanding; and thereupon or thereafter at ~he opt~on of i said MORTGAGEE, without notice w demand, suit at law or in equity, Iherefore o~ thereafter begun, may be prasecuted as if ali moneys secured hereby ? had matured pr~w to it: institur'ron. ` i J'. Thnt in the evene that at the beginning of or at any time pending aoy svit upon this Mwtgage, or to fweclose it, or to refwm it, or fo enfwce paymeM of sny claims hereunder, said MORTGAGEE shall apply to the Coun having jurfsdrct~on thereof for the appomtmen/ of a Receivtr, such Covrt shall ; fwtKwith sppoint~a receiver of said mortgaged property all snd singular, incl~dmg all and singular the income, prof~ts, issves and revenues from whatever wurce derived, each ~nd every of wh~ch, it being expressly understood, is hereby mortgaged•as if speuiically set forth and dewibed in the granting and habendum clsuses hereof, and such Rcceiver sF~afl have all ~he broad and effective funcnons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equify and a matter of absolute right to said MORTGAGEE, and without reference to the ~ adequsq w inadequacy of the value of the property mortgaged or to the sowenty or insolvency of said MORTGAGOR w the defendants, and that such rents, profits, income, iuves and revenues shal! be applied by such Receiver accordiny to the lien w equity of said MORTGAGEE and the practice of such CouR. 8. To dulv, promptly and fully perform, diacharge, execute, e~fect, corr~plete, comply with and abide by each and every the stipulations, agrcemrnts, conditions and covensnts in said promissory note and this mortgage ser fath. ' 9. Thst in the event the own~rsh;p of the mongaged premises, or any part tF~ereof, becpmes vested in a person othe~ than the MORTGAGOR, the MORTGAGEE, itt succeuors and aas~gns, may, without notice to the MORTGAOR, deal with such successw or successor i~ interest with reterence to this matgage and the debt hereby secured in the same manner as with JVtortgagw w+thout in any way v;t;ating w dixharging the Mortgagon' Iiability herr under Or vpon the debt Aereby secured. No ssle of the premises hereby mortgaged and no forbeara~te on the part of the MORTGAGEE or its successors w auigns and no extension of rhe time for the payment of the debt hereby secured given by the MORiGAGfE or its s~ccessors or au~gns, s~all operate ro rclease, d~scharge, modify change or affect the orig~nat liabit~ty of the MORTGAGOR herein, either in whole or in pa~t. 10. It is spedfitally agreed thst time is of the esstnce of this contract and that no warver of any obliga+7on hereunae- cr cf the obligor.a~ sa- t~;red hereby sha11 st any time thereafter be F~eld to be a waiver of the terms Fxreof a of the instrument sec~red herby. I1. In additio~ to the fwego:ng menthly payments of prin~ p;l and interest required by the prom~szory nore secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthly payment an add;rional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ing: . A-Afl real propw_rty taxes levied w assessed aga~nst the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the ;mprovemeats situate on the above desc.ibed premises. C-F~emevms on sucb mwtgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shatl ther¢upon be due and payable on the due date of the next month(y payment and each s~ccessive month thereafter ur,til mortgagee shall notify mortgagor of a chanoe in such amo~nt. Such sums sha!! be applied by morTgagee toward the payment of real property taxes, i~surance prem:ums, and mortgage guaranty insurance premiums. IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto xt his hand and ual the day and year first afwesaid. i ed, and eli red in r es e f• 1 ~ ~ P ~1'~~l .l°~rsCs TC ' ' ($e~lj , ~{erman DfcILB~Son a~ ~ bV~~nvssCS '~o ' (Sral) f~, ~Cae'+f~cG ~~Cl~.8r5o~- ~ (SeaQ STATE OF ~F. L./~~11J A P~FT courvnr of _ /!/~G. !~J rC~' # ss. Befwe me penonalty appeared Herman S. DickeYSOn + nt _ _ I~iw~ife, to me well known and known to me to bs tM individual« described in and who executed the foregoi~g instrument, and acknowledged betwe me tFwt~hqrexecuted the same fw the purposes therein e:presud. A~i~7~1~_ _ - - - - - ~ Y . ..j ~I WITNESS my hand and off:uii teal thi ?G 2'~ day of L`~ , 4~,~_ .o._ _ ~ ~~i _ . Notary Pub(ic in and fw the Strff' ~ ~-at ~arye ~Ci My Commiuion eapircs: ; - ' - . ; • = Retum To: " ~ ` ~ ` - ~ ~ Fint Fedeal S~vings 1L toan Associatlon ~G~ l•- ~(i a1= - Of fort Aterca ~ C~,~~ T ` ~ - ` Fort Pierce. 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