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Home My WebLink About2487 ~ ~ c?~~:~/ 3. To ptac~ and continuoLSly k~ep on tM buildinps ~ww « h.r.ah~. ~in,ar~ on utd I.,d and on •II eqvtpmer?r and p~non•Ily cowr~d by this mat~ ap~, with ~II pr~eniwns thereon p~id in full, fire inwnnu in ttw uival ttudard policy iorm, In a sum approwd by th~ MORiGAGEE. ~d windatoren inswuic~ in ths uswl s~u?dard policy fom~., in ~ s~m approwd by tM MORTGIIGEE, In wch comp~+y w compa~ie~ u th~ MORTGACsEE rrwy dir~ctj and al! iu~ a~d windsto?m kyu?u~ polk;~s on ~ny of s~id buildie~ps, any iniereal therei~ w p~rt thtreof, in the ayyre9~t~ wm afote~aid o~ in u~cess tlKreoi, sMll cont~;n tM uiual iundard mor~ysye~ ciauss w such other ciauss u tM Maty:pee may rpu'u~. makirq tM loss v~d~r uid poli~ c'~es, ~ach aad wNy, payabi~ ro uid MORTGAGEE ~s its inrercat may appsar, and each and sm~y such policy shall b~ promptly us:yned a~d delivered to any Mld by s+id /~TGAGEE as fu~the~ seturity to said mortpaQe dtbl, and, nw less tMn ten (10) doys in advance oi ths ~xpiration of e~ch policy, ro d~- IivN ro ~aid MORTGAGEE ~ renewsl tF?Neof, topether with • receipt for tF~e prem;wn of such re~ewal; a~~d there shall be no fire o? wir+d~tarn f~uranc~ plat~d on any ol sskl buii~inys, iny intaeit thcrein or part thereof, unleu in the ~orm ~nd with 1M loss payabk ~s sforesaidj a~d in tho event any wm of mon~y be~omes p~yable urxkr such policy o~ policiss said MORTGAGEE sF?sll haw ~he optioe~ ro receive and apply the sams on xcount of the I~debted~ neu secvnd hereby a to permit said MORTGAGORS t0 receiw ~nd us~ it ot any pait thereof 1w othcr purposes, without lhweb~ waivi~~g or ~mpair• irg any p~ity, I;en or ri~ht under or by virtve of this mortps~e; ~nd in ti?~ ~vent ~a~d MORTGAGORS shall for any ~eason fai) ro keep ~he said premises so insurad, or f~ll 1o deliv~. p.ompNy ~ny of fiW POIiCiN of insu~enc~ to s~id MORTGAGEf, or (ait promptty ro pay fully a~y premium tl+~~efp p tn ~ny ?sspecl fail b pafomy discharge execute, effect, complets, comply with and ~bide by this covenant, w ~ny pan hereof, said MORTGA(3EE msy place ~nd pey fa :uth inwranc~ or ~ny put tF~ereof without waivitq w affattinp ~ny option, Ikn, equity, ot right vnder w by vfrtw of tFis Mort9aye, ~nd tht full amount of each and ~vKy such payment shall bt irtunedi~tely dva and p+yebk u+d shall bear interest from tM date tlxrcof uoti{ paid ths rat~ ol nine pK centum pet annum and togethe~ with such i~teisst shall be secured by tfis tien of lhis mortgsge. 4. To pernut, commit ot suffer no wute, knpai~menf w detetiwatia? of said properry or any pa~t thereof. S. To pay all and sinpulu the costs, chsrges and expenses, includinp a reasoMble attwney's fee a~d costs of abstracts of titb, incvned or paid ~t any time by said MpRT6AGEE, because a in the ereet of the failwe on the part of the said MORiGAGOR to duly, promptly snd fully pQrfwm. dixFw9R rxecute, effect, complete, comply w;th and ab+de by esch snd every the stipula~~oni, agreements, condi~iau, and covcnsnts oi said prom;ssory note and thi~ mortgags sny o~ ei~he?. and said costs, chsrges s~d e:penses. each and every. shalt be immediarely due and payable: whe~her or not there be notice de~ msnd, attempt to colkct or suit pending; and the full artqunt of each and every such payment shall bear interesl fro+n ths date thereof unlil p~id at th~ .ate of nine per tentum pe~ annum; ard sll ~aid msts, charges and expenses in~urred or paid, togetf+er with such interett, shall be secured by tha iien of tlw 'nort4+y~• Q T}?~I (e) in ~he event of any breach of this Mortga9e w default on the part of the MORTGAGOR, or (b) in the event a~y of said sums of mo~ey herein ~eferred to be not promptly and fvlty paid withio thirty (30) days next after the same severatly become due and payable, without demand or notice, or (cj in the event eaci~ and every rhe stipulatiora, agrsamer~ta, condiriau and covenants of sa:d promissory note and th~s mortga9e any w either are o01 iuly. promptly and fully pnformed. discha~ged, executed, effected, completed, complied with a~d abided by, then in either w any such ~vent Ihs asid ag gregate wm mentaned in said promiuwy note the~ remaini~g u~paid. with interest acvued, a~d atl mpaeys secured hes~by. ahall becorne d~e and p~y~ sble forthwith, or thereafter, at the option of iaid MORTGAGEE, as f~lly and completely as ii all of the said sums of m~x~ey wcre originally stip~rlated to be paid on surl. day, anything in said promissory note or in this Mortgage to the tontrary notwithstanding; and thereupan or thereafter at tM option of said MORTGAGEE, without notice or dernartd, svit at !aw w in equity, there(we p thereafter begury may be prosecvted u if all moneys secvted Fiaeby had mitwed pra? to in inslitution. 7. That in the event that at the beginntng of or at any time pending any wit upon this Mortgage, or to faeclose it, or to refwm it~ w to enforo~ payment of any daims htrcunde?, said ,MORTGAGEf shall apply to the Covrt having jwisdict;on thereof for the appointment of a Receiver, such Cowt sh~ll Fwthwith sppoiM a receivea of said mortgaged proQe?ty all and singular, includ~ng all and singula~ the incoa% profin, issuei and ?evenues from whatever source derived. each and every of wh;ch, it beir?~ expressly understood. is hereby mortgaged as ii specifically ut forrh and desnibed the grantirg and habend?m clauses hereof, and such Receiver shall have all the broad snd effenive funce~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment sha11 be made by such Court as an admilted equify aod a mafter oi absolWe right to said MORTGAGEE, and without reference to the adequacy or insdi.quacy of the value of the property morrgaged or to the solve+xy w inwlvency of said MORTGAGOR or the defendanri, and that such renta, profits, ~.+come, iasues snd revenves iha11 be applied by such Receiver according ro tfie lien or equity of ssid MORTGAGEE and the practice of such Goutf. 8. To du~y, promptty and fully pertwm, dizcharge, execute, effect, complete, comply vrith and abide by each and every the slipulatian, sgreenronts, conditiorq and coveoants in said promissory note and this mortgage set fwth. . 9. That in the eveM the ownenhip of the rtartgaged premis~s, or any part thereof, becwnes vested in a penon other fhan the MORTGAGOR, tha MOkTGAGEE, its successoa and assigm, may, withput notice to the MORTG~40R, deat with~ s~ich s2lccessw w succesior in interest with referente 1p this mwtgage and the debt hereby secured i~ the same manner as with Mortgagw without in any way vitiating w dischargiry the Mortgagors' lisbility hera under or upon the debt hereby secured_ No sale of the premises hereby mortgaged and no fwbearance on the pan of the MORTGAGEE w ih waeuon or auig+~s and no extension of the time fa the payment of the debt hereby secured given by the MORIGAGE' or its successas w usigns, ahall operate to rclease, disclwrge, modify change ot affect the original liabiliry of the NIORTGAGOR herein, either in whole w in put. 10. It is specifically agreed that time is of the essence of this contracf and that no waiver of any obligation heteunder or of the oblipaYan se- cured hercby shalt at any time thereafter bt hefd to be a waiver of the terms hereof w of the inslrument secu?ed herby. add~tio~ to the fwego:ng monlhly payments of print:pal ar?d interest required by the promiuory note secured hereby, mortgagor ts and agrees to pa t agee w;th each monthly paymenf an add~rional sum estimated by mortgagee to be eqval to 1/12 of the ana t follow- ing: A-Alt real property taxes kvied or assessed aga~. e desv~5ed ~eal estat B-Premiums on fire and windstorm insurance as herein requ~red to he improveme~ts situat~ on the above desvibed premises, C-Premiums on such mortgage guaranty insurar gagee shall from time to time arry on the loan secured hereby. Mortgagee shail from time ' ~ y mwtgagor in writi~g of tF~e amount due and payabfe hereunder a su hall thereupon be due and payable ort the due t e next monthly payment and eath successive montF~ thereafter ur.til mortgagee shall notify mortgagor o 'n tuch amount. sums shall be applied by mortgagee toward the payment of real property taxes, ins~rance p?em:ums, and mortgage guaranfy inwr IN WITNESS WHEREOF, the said N10RTGA R has hereunto sef his hand and seal the day and year fint aforesaid. ' ned. Sea and e ivered in t~ prese f: w^E~N~"v f ~ 0 -'--y(~~oG~l`~~ 6g~.~ ~~l n STATE OF FLORIDA ~ COUNTY OF H~t]11aT'a.~ ~ Before me peryonally appeared David Foden and Delta Foden hn W~t~, fo w~n k~own a~a k~ m~ne ro b. the i^dlvidu+ls described in and who executed the foregoirg irutrument, and acEnoM,fedged before me that they executed~ the sa ior the purposes rnerein exp.essed. and the sa' Delta Foden ~;.~1~iP~~..,. W~~e or t~„ David Foden r s ais. examinaYa~ by me taken separate and apart f~om her saW husband. ~dcnorvledged to and befwe rne tF?at ahe executec}:~y~j~~y fr~ a tarily ud withovt sny compvlsioe, to~straint..~ppr ~faar'bf w from Ixr said Fwsb~nd. •f~, nu~`~C~ . WITNESS my hsnd and official seal tFu: l.l~ ~y of b ~ 1: Q ~ ,~!=p . ~ . .W. ~ FILED ANO RECOADEO=; N°rery P~~K +^d fa ~~'vf~ - Rewrn Ta ST: IUCIE COUNTY.' FLI~. My ~Of"""~"Of e"P'ra` First Feder~t Savo?gs ~ lo+n /4soc~atan R E C 0 F2 D V E R 1~ 1 E 0 O~ e+ rG,. r•. "J;!T r ti,1\ Of fort Pierce. ~~l~~~ ' ~~~~st~`` Fwt Pierce. Florida t~ '69 FEB t 8 AM I I: 5 This ~ns rT u-'Yfi ent Prepared By First Federal Savings b Loan Association ~~GEP. POITRAS of Fort Pierce CLERK CIRCUIT COURT; ~~k~ gy J . Collins t~~/ BOOK ~ ~5 PAGE 248z }yY ~ ' " ~ 1, • l ~ ~v~P~~~..+-x.,:. 1-r . _ ~ : . ' ~ _ . . r w. ~