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Home My WebLink About0189 i c - ~ ~ to plac~ and contu~uou:~y karp on tM buitdinqs now or Mr~ahK situat~ on iaid land ~nd oo ait aquipm~nt u+d p~rw~?~Uy cov~red by thta mort9. ay~, with all prtmivms therwn paid io Futl, fin insu.anc~ ia li~t usual standard poticy fwm, in ~ ium approv~d by tM MORTGAGEE. ~~d wi~torm iniw~n in th~ ~wal s~anda.d poltcy torm, in a su~n ~pproved by iM MORTGAGEE, in such company oe compaoiea as ~hs MORTGAGEE may dir~clt ~nd all fir~ and wiexbrorm insu~+noe policiss on any of said bui+~: r~s, ~ny Intere:t therei~ or pa~t the~eoi, in tFw apQ~egah wm ~faasid or tn exass tAereoi, ahall contain ths vswl itandard mortga~ee clausa w such ,:,nsr clause u tM Mort9sgee may requir~, m+~kinp Ihr {osi undN said poiF cies, exh ~nd tv~ry, psyable ro said MORTGAGEE ss ita interes~ may sppaar, a~d each and every ~uch policy shalt b~ p~omptly au~pned a~d detivered ro any MW by ~aid MORTGAGff as fvrthei :ecurity to said monpage deb?, and, not teu tMn ten (10) daya in advance of the expir~tan of each policy. to dr livK to iaid 1NQRTGAGEE a ranewal Ihareof, toqethe~ with a receipt for the premium of :uch renewal; and lhero shall bs rq fi~e w wi~dstam inwr~nc~ ' pl~ad on ~ny of ssid lwildirgs, any inic~est therein or-~ut thQreoi. unteu in rhe form and raieA ths loss p.yable aa afwe~aid~ and In the ~vent aMr sum of nwn~y betpna payable under such poliq w policies said MORTGAGEE ihall have the opt~o~ to receive and apply the sarn~ o~ accou~l of tl?e ir?debted- ~ r»ss seaued hereby w fo pe?mif s~id MpRTGAGORS lo receive and use it or any part thereof fw othe~ pv.Fases, wi~hout ~hsreb~ waiving w~mpair- i~p ~ny p~ity, lien or ri9ht under or by virtw of this mortgage; and In the event said MORTGAGpRS shsll fw any reason fail to keep tM said premises w inwred. w f~il lo dtliver promptly a~y of i~id pOliCiH of i~su~snce to said MORTGAGEE, w fail promptly to pay fully sny prcmium tF?erefw w in iny . resp~ct fail b paform, discharge, execute, ef(ect, comptete, compty with ~nd abide by this covenant, a any pa» he~eol, ~sid MORTGAGEE m~y pl~ce and ' p+y fa suth i~nuranct ot a~y pa?t thereof without waivinp w affactinp sny option, lien, equity, a right under a by virtu~ of ~his Mwtyap~, ~nd the full amount of tach and every suth payment shall be immedi~tety due and psyable snd shall bea~ interest from the date thereoi ~ntil paid at the raro ot ; nine per c~ntum per annum and togethe~ with ~uch in~erest sha11 be secured by the lien of th~s mortpage. I. To pirmlt, commit or wffer rw wute, imp~irment a deterio~ation of s~id property or any psrt thereof. S. to pey ~II snd ung~lx the cosb, charges ~nd expenses, including a reasonable attorney's fee and costs of abstnds of title, incvrred w paid ~t any time by said MORTGAGEE, because or ie~ the evem of the failure on the pan of the said MORTGAGOR to duty, prompNy ar+d fully perform, d~acharge~ exetuts, tfiM, 'tomplef~ comply with and ab~d~ by esch and every the stipulations, agreements, cond~tia.:, and mvena~4 of said p?omiuory note and this mo?tyap~ any or ~i~he?, ar+d iaid cosb, charges and cxpenses, each and every, :hall :x immediatety due and payable; whe~her a not there be notice da mand, ~nempt to colktl or svit pe~ding; snd the fuil amount of each and every svch payment shall bea? interest from the date thereof until paid at tht rate of ~ine per c~~tum per annum; and all said costs, charges and expenses incurred or paid, togathe? with such interest, shall be setured by the lien of thA "'ortyap~- 6. ~1 (a) in the event of any breacR of this Mortgage or default on tM part of the MORTGAGOR, or (b) in ths even! any of ~aid sums of nwney herein referred to be not promptly and fully paid within thirry (30) days ~ext after fhe same severally become due and payable, without demand or notice. w(~ in the event each snd every the stipulations, agreeme~ts, conditions and covensnts of sa:d promisswy ~ote and th~s mortgage any q either ue nol ~~ly, promptty and !v!!y pe~fwmed, discharged, exetuted, effec~ed, tompkted, complied with a~d abided by, the~ in either p any wch event tM siid a~ gregah wm mentioned in said promissory npte then remaining unpaid, with interest accrued, and all mo~ys secured hereby, shall become dw a~d p~y- able forthwitt~, or thereafte~, ~t the option of iaid MORTGAGEE, as fully and complerely as if all of the said svms of money were wiginslly ~i~pulated fo be paid on s~Kh day, anything in said promiuory nott w in this Mortgage ro the contrary notwithstanding; and therevpon or thereafter ~t the op~ion of said MpRTCaAGEE, withoW notite w demand, suit at law or in eq~ity, therefwe cx thereafter begun, may be prosecuted as if alf moneys satured hereby had mitwed pna to ~ts i~ulltw;on. 7. ?hst in ths event that at the beginnirg of w at any time pending any suit upon this Mortgage, w to foreclose it, w to refwm it, w to enfwce paymenf of any claims hereunder, said MORTGAGEE shall apply to the Coun having jwisdk~ion thereof fw the appointment of a Receiver, s~cl+ Co~A shait i forthwifh appoint a receiver of said mortgaged property all and sirtgula~, includ~ng all and singular Ihe income, profits, iuues and revenues from whatevet source deiived, each and every of whith, it being exp?euly understood, is he~eby mortgaged as if spec~fically set fwth and described in the 9ranting aod habendum d:uses hereof, ~nd such Receiver shatl have all the lxoad and ef(ective funct~ons and powers in anywise entrusted by a Co~rt to a Receiver, and such appointmenf ihall be made by wch Cou?t aa an admitted eQuity and a matter of absolute ?ight to said MORTGAGEE, ~nd without reference fo the adeqvaty w inadequacy of the vatvt of the property morfgaged or to the wwenty or insolvency of said MORiGAGOR p the defendanb, and that such renrs, profifs, income, iuves and revenues shal! be applied by such Rcteiver accwding to the lien w eqvity of uid MORTGAGEE and the pradice of such j CouA. ~ ~ 8. To duly, promptly and fuly perform, discharge, execute, effect, camplete, comply with and abide by each and every the stipulations, ~greemeots, ~ canditions and covena~ts in said promissory note and this mortgage set fdth. ~ 9. ihat in ~he event the ownenhip of tAe mortgaged p?emises, or a~y part thereof, becomes vested in a perwn other than the NIORTGAGOR, the MORTGAGEE, iri succtssors and suigns; may, without norice to the MORTGAOR, deal with such succeuw or successor in interest with reference to this ? mwtyage ~nd the debt hereby secured in the same manner as with 1Aortgagor without in any way vitiating a distha~ging the Mwtgagors' liability here- under w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on Ihe pan of the MORiGAGEE w iri succesaon w auigns and ra extension of the time for the payment of the debt hereby secured given by the MORTGAGE~ w its s~rccessors or auigna, sMlt operate i to ralease, distharge, modify tharge a affect fhe o?iginal liability of the MORiGAGOR herein, either in whofe w in put. ! 10. It is specifically agreed thst time is of the essence of this corttrad ind that no waiver of any obtigaYwn hereunder or of the obligation se- cur~d hK~by ah+ll at any time thereafter be held *o be a waiver of the ferms herepf o? of the instrument secured herby. ~ 1 add~tio~ to the forego:ng monthly {wyments of print"pal and i~terest required by the promissory note secured hereby, mort and agiees to pay o with each monthly payrncnt an addirional sum est~mated by mortgagee to be equal to 1 nua cost of the follow- '^y_ - A-All real property taxes levied or assessed agains e described re _ B-Premiums on fire and windstorm ~nsurance as herei~ requ~ the imp~oveme~fs situate on the above desc.ibed p~emises, C-P~emiums on such mortgage guaranty inwr mortgagee shall from time to t~m fit to carry on the loan secvred hereby, Mo?tga3ee shall irom time t ~ty mortgagor in writ~ng of the amount due and payable herev sum shall thereupon be due a~d payaWe o~ the due e next monthly payment and each successive month thereatter ur.tit mortgagee shall notify mor g ~th_a~ng~ s~h amp~nf_ ums sHall be applied by mortgagee loward the payment of real property taxes, insurante prem:~ms, and guaranty 1n~~Q ms. WITNESS WHEREOf, the ssid N~ORTGAGOR has hereunto set his hand and seal the day and ar first afor id. , ' ned Seakd a e'v yed i JI e presence of: ~ ~G ? , . n " aq ' ~ ? ~ cc-~ q~L ~~T ~z t.i~,.. ~a~ STATF OF7mOmpC INNB A ~ COt1NiY OF - SS. 6efue rt» persanallr eppeared .JO@ L. Wat50A and ' Mar9i=@t WBtSOA his wife, to me well known and know~ to me to b~ ` tF~e individuab deuribed in ~nd who executed the faegoing instrument, ~nd ackrwwledged before me that they executed the same fw the pwposes 4 rl,.r.in, •xp.esee. ,4r,d H,. ,,;a_ Mar9aret Watsoa w~f~ of th~ said .10@ t. • WBtSOD upon • sepa.ste ~nd priv~t~ examination by me taken separate and apa~f f~om her said husband, stknowrledged fo arxl be{ore me that ahs executed ssid instrument freely sr?d volw~- r~rily and w~fF~wrr sny compulsion, constr~int. apprehen ' n, w fear of or from her said husband. WItNES$ my Mnd ~nd official ~eal day of- MeZC11 A. D. 19~_ ~ A ~ r+? ,i~:.~r•~„~ 1~~?~~V ^ , ~ ~4. • i . _ ~ + ' . . Notsry Pub io ~nd fw Statt of . L ~ L ~ : ~ = ~ MY eom~~ wn e:~.es: ~~C MII~IdBSiO2A Retu?n Ta ~`CL'~~ ~ ~1,i ~ - . - - • . ~ fint feder~l Savings a losn Aswciatio~ , • i,.>. e q • µARY A. NE:;:~..., . :;ar~t;;.~,.: • of Fo., P.««. n~~MAR• i AM S.~ F o n P; e. c r. F ~ o.~ d a ~ CcmrtNU~on F~t~=tMd " i' ~ ; 3 5~~~ - . _ ' . i _~_r~~ c;~;,~;~; ~ - " ~ This Instrument Prepared 8y ~ . , - ~ First Federal Savings b loan Association of Fort Pierce . ' ~ ~ - Checked By J. Collins ~o~ 17~ ~ 188 + : t . ~ r ~ ~ ~ -3 - ~y ~ ~~.~n`~- ~„a~'~ _ E~,~-"~.~~.~ ~ -