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Home My WebLink About1574 • ' , ~ ~ To plac~ ~nd continuo~sly kNp on tM buildieps now a htr~afta situat~ on said land ~nd on all equipment and pKSOn+IIY covaad by this mat¢ ~ p~, with •11 prM+lums lherton pa~d in fvl4 tin inswa~~ in tM uswl st+ndad policy form, in a ium approv~d by th~ MORTGAGEE, and winditorm iniu~anc~ in 1M ~swl standard pol~cy fwm, in a wm ipprowd by tM N10RTGACsEE, in s~ch comp~ny w carpa~~es a ~M MORTGAGEE may directt a+d all fir~ and windswrm iniwanu po~icies on any of aid buildinp~, ~ny i~ttr~s! thxein o? p~rt thereof, in tlw ~rep+te wm ~for~stid ot In ~xceu theroof, ~MII contain tM uswl sundud man~ape~ clws~ or such o~he~ claus~ +s tM Mor~payee m+y requ'u~. ma4inp the loss under sa~d po~F cies. ~ach and ~very. paYable 1o said /NORTGAGEE as ib i~terest rn~y ~pp~ar. a+d exh ard wery a~ch poliq ~hall b~ promptly su:yned and delivered to •ny MW by said MORiGAGEE as furtha security to s~id motl9a~ deb1, and, not Itu th~n ten (10) days in advance ot the ~apir~t~on of each policy, lo de- live~ to s+id MORiGAGEE a renew~l lhereof, lopeth~r with a receipt fa the premivm of such ~enewal; and tt+ere shall b~ r+o i~re w wlnd~~am inwru+c~ plic~d on +ny of uid build~nys, ~ny intaest ther~in or put tF?Neof, u~kss in tht iorm and with Ihe !ou payabl~ u atwesaid; and in tM tvent any swn of n+oMy becanes pay+bl~ unde~ wch policy o~ policies said MORiGAGEE shall h~w the option to ~eceive and appty tM ssme on +ccoum of the i~xlebted- ~eu secund IN~eby o~ b pe~mit said MORTGAGORS to reteiv~ u~d uk it p•ny part lhereof for othc~ pu~poses. withoul th.wFb/ waivi~~g or unpair- ;n~ anY pu;ty. lia~ a right under or by vbtw of this mortga~e: ~nd in tl?~ event sa~d MORTGAGORS shall for any reason f+il to keep ~he sa~d premius so insv.~d, or f~il to deliver promptly any of said policies of ir?iur~u ~o said MORTGAGEE, or fail promp~ly to pay f~lly any premium 1he~efw a i~ any respad fail w pNfwny discharge, executs, effect, complete, comply with snd ~bids by thw covenanr, a sny part hereof, uid MORTGAGEE m+y pl+ce and pay for wch irourar~ w~ny pa?t theroof without waivinp w ~ffectieg any option, lieo, equ~ty, or ?~ght under or by virtw of this Mwtga~s, and the full amount of tach ~nd ~wry such payment shall be immediately dw and payable ~nd shall bear interest from the date thereof until paid at the ~at~ 01 nine ptr centum pt~ annum and together with such intereit sMll be secured by the lien of thit mortyage. 1. To pamit, commit or sufter no wute, imp~irment w deteraration of ~aid properry or ~ny paH the~eof. S. To piy all snd sirgulu the costs, cha?~es ~nd txp~nses, incl~dirg a reasonabk s~twney's fee and cosrs of abstrsds of titls, incvrred o~ paid ~t any time by said MORTGAGEE, because or in tM ~wnt of the failwe o~ the part of the said MORTGAGOR .to duly, prompNy ~nd fully perform, d~xhar9q execut~, effect, compkt~, comply w~th and ab+ds by exh and every the st~putations, agreem~ros, conditio~s, and coveoann of sa~d promissory note and this mwty~~ any w ei~her. artd said coats, chuges u+d expenset, each and every, sMll be immediately dw and payable; whethcr or ~ot there be norice de mand, ~ttempt to tolktt or wit pend~ng; and tM full amouM of eath and.avery wth paymeM shall bea? interest from Ihe date thereof until p~id at 1he rate of ~ine per tentvm per annum; and all said cosn, chupe~ and expenses incvrred w paid, together with such intere~t, shall b~ secu~ed by the lien of tha mup+p~. 6. TM1 in the evMt of any bre~ch of this Mortyap~ w default on the part of the MORTGAGOR, or (b) in tM event any oi sa~d :ums of money herein ~efared to be not promptly and fully paid within thirty (30) days next afte~ the same seve~alty become due s~d payable, without demand or notice. or (c) In the event exh and every ~l+e stipulations, sgreements, conditions and covensnts of said promissory note and th~s mortgage any o~ ather are no1 iuly, promptly s~d fully perfwmed, d~xMrged, executed, effected, completed, complied with ~r.d abided by, then ir+ either or any tuch evcnt ths uid +g gregat~ svm meManed in ssid promissory note the~ nmsinirg unpaid. with inte?eit accrued, and all moneys secured F~ereby, shal! becwne due and pay- able fwthwith, a thereafter, at the option of iaid MORTGAGEE, ss fvlly a~d completely as if all of the sa~d wms of money were wginally stipulated to be paid on wch day. anythi~y in said promissory note or in this Mwtgage to the contrary notwithsunding: and Ihere~pon a thereafte~ st the optan of sa~d MORTGAGEE, without notice w demsnd, wit at law a in equity, therefore or thereafter begun, may be p•osecuted as if sll moneys securad hereby had matured prWr to its irutitution.. 7. That in the erent that at the beginning of or st any rime pe~ding ~ny wit upon this Mwlgsge, or to fweclose it, a to refam it, w to eniwc~ payment of any claims hereu~der, uid AhORTGAGEE shall apply to the Court having jurisdiction thereof tor the appointme~t of s Receiver, such Court shall forthwith sppoiM a receiver of said mortgaged property a~l and singular, incl~rding all and singular the income, prolits, issues and revenues from whatever E source derived, exh and evcry of which, it beiny expressy unde~itood, a. hereby mortgaged as if spec~ficaily ut lwth and described in the 9ran~ing and habendixn clauses hereof, and s~ch Receiver shall have sll the broad +nd effective funcnons and powcrs in anywiu entruated by + Court to a Rcceiver, and s;,ch appointment shall be made by svch Court as an admitted equity ar.d a mane? of ~ absolute ri9ht to said MORTGAGEE, and without refere~ce to the adequscy a insdeqvacy of the va~ue of the property mortg+qed or to the sohrency or ~nwlvencY of said MORiGAGOR a the defendann, and that such re~ss, profits, income, issues and revenues shall be applied by such Receiva accwd~ng to the lien or eqvity of said MORTGAGEE and the prattice of such COVf~. 8. To duly, promptly and fully perform, discharge, execute, effeci, complete, comply with ~nd abide by e+ch and every the stipulations, sgreemenb, conditioro and covenants in sa~d pranissory note and this rtwrtgage set forth. 9. That in the event the ownenhip of the morlgaged premises, or a~y parf fhercof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, iri successors and sssgns, may, without ratice to the MORTGAOR, deal with such successa a successor in interest with refere~ce !o this mort9~ye and the debl hereby secwed in the same ma~ner as with Mort~agor without in any way vitiating or discPnargEng the Mwtgagors' liability here- under o? upon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbearance on the pan o( the MORiGAGEE w its sutcesson or auigns and no exte~sion of the time fo~ the psymem of the debt hereby secured piven by the MORTGAGEf or its tucceswrs w assigns, shall operate ro releax, dixharge, modify change or affect the original liabil~ty of the MORiGAGOR herein, either in whok a in part. 10. It is spec~fically agreed thst time is of the essence of this contract and that no waiver of arsy oblgat~on hereunder w of the obl'gaYan se- cured hereby shall at any time thereaher be held to be a w~iver of the terms hereof or of the irntrument secured herby. In add~tion to the fwego:ng monthly payments of prin~ pal and interest reqvired by the promissory note secured hereby, mortgagor cov~e~na ' and agrees~b'psp-t a ee with eath mortthly paymeM an addi~ional sum estimat~d by mortgagee to be equal to 1/12 of the ann~al cost rf6iiow- ing: A-All real propeAy taxes levied or asses above descrilied real est B-Premiums on fire and windstwm inswance as herein requ~r ned on the improvemevNS situate on tF?e above desvibed premises. C-Premivms on such mortgage gvaranty i mwtgagee shall from time fit to tsrry on the loan secured hereby. ~ Mo~tgagee shalt lrom t~me t ~ y mortgagor in writing of the amount due and payable svch svm shaU thereupon be due and payable on the due d e next monthly payment and each successive month thereaf~er urtil mwtgagee shall not~ y change in such amount. s sF.all be apptied by mwtgagee toward the paymeM of real property ta:es, inwrence prem:ums, and mortgage guaranty ~ nce ~ I IN WI7NE55 WHEREOF, the uid MORTGAGOR Ms herevnto set his hand and seal the day and yea fint afore id. E Sipne Se~led and d ivere in the presence of: ~ ~ aq i ~ ~ ~ E ~sH~ ! n--~ ~ _ STAiE Of FLORIDA ~ ~ S2. WCIB u- courm oF +ppe C. J. Albritton ,,,d oefwt Mir~lla tN @ Albritton his wife, to me well known and known to me to be ~ the individwb deu?ibed in ~nd who ~xecuted tFw faepanp initrwnent, and adcnowledyed before me that they e:ecuted the same iw the pwposes ~ ,r,~,~M .,~,~d. ~„d t~,. N• Misella Helen Albsitton w~fe of tM s+id C. .1. Alb! tL01'f upon e sepa.~te ~nd priv~M eaaminafiw~ by me t~ken s~parst~ ~~d ap~rt from her satd Iwaband, adcnowledged ro and befor~ me that she exec~ted sa~d i~strumem freely and volun- r~n1y and w~thout u~y compuliion, corotr~int. ~ppreF»rwion, f~ar of or from h~r said husb~nd. + ~ WITNESS ar ~r~d~«+il+.ffK~.i s..i +~,n ~,2~~ d.y ot January A. D. 19 69 ~ . : ~ RILEp A~ ~puN RO ary Public in ~?id fw the Sfate of florid~ at lar~ 4 ' Rm,rp Tw ST• ~-UC~ RfS VERtF~E My t~?~~ ~xa.~: fint f~deril 3arin4t •a-Win lwoc~iYa~ PE'C IMNry ~I~C, s~Nt ~1 F~Ofid~ ~l VfOt = ~ ~ Mr t~~ Ea~ira S~ve- 23. 1969 ~ C~ . F,art 4 Pi~rEl~. ~ IZ M~N~ 4 A~Mr~N i'r~ i CM+~lr G. F~. P~~. g ~aN ~ PM ~ ~ • , ~ . ~ '6 i,~~S4 . _y~ ~ - - ~ This Instrument Prep~red By {:OGCR COURS~• ~ First Federal Savings b loan Association CLER~( C~RCU ~ of Fort Pierce Checked By Richard K. Kay~s ~ sooK 175 ~~~E 1571 ~ - - ~ = - : _ ~ . ~..~~...a..: ~ . . _ ~