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Home My WebLink About2803 i ..~i,? ~ • .e 3. To plac~ ~nd contin~ously k~ep on ths buildinpt now or Mr~~ftN utv~tt on said land and on ~II pufprt~ent ~nd p~rwnatly cov~nd by thi~ mwp- with atl premiums thereon p~Id in fuU, firo insu~anc~ in the v~w! itaadard policy fwm, io a wm approvtd by ths MORiGAGEE, and winditam iiaw~nc~ in tM uiwl ~unda.d pol~cy fam, in a sum ~pproveo oy tM N10RTGAGEE, in wch compiny a tompa~ies as tM MORTGAGEE may difKij and ~II fir~ u~d wir?dstorm insuranu policist on anY of iaid build~rg~, any i~ter~st thtrein a pa~t thsreof, In tM ipqrey~t~ sum afo«said or !e actt~st thsraoi. sAsll tonbin ths vsual itandud matys9es cla~w a iuch othsr cta~s~ ~s tha Matya9~e may reqv'u~. makinp IF?s loss unde~ uid po~} cies, each and ew?y, p+yable to said MORTGAGEE ~s iri intaest m~y appear, and each and ~vary tuch poliq shall b~ promp~ly ~u:y~ed a~d dtlivered to •ny hetd by s~id MORTGAGEE ai furthe~ ttcuriry to said mo+tQag~ dcbt, ind, ~ot less tMo ten (10) days In advance of tM expi~~tion of each polity. to d~ live~ to uid MORTGAGEE a nnew~l thereof, topether wi~h a receipt fw the premium ot svch renewalj and there tF+all be no f~re or windatorm insura~+c~ pl+qd on ~~y of said buiidings. ~ny interest thtr~in ot pa~f thereof. unieu in th~ fwm and with tM los~ psyabl~ as afaesaid; and in th~ event any swn of mo~ty becomes payabl~ w~d~r iuch policy a policiss s+id A'.^,RTGAGEE sAall havs iM option to receive a~+d appty the sam~ on acco~nl of tM indebted- ness secu?td haeby o~ b permit said MORTGAGORS to repive and us~ it p any part thereof fw othc~ pu~posei, without thereb/ waivi~iy or impair- inp any pvity, lien p right w~der or by virtw of fiw mwtpag-; snd In the event said MORT('iAGORS slwl) fot any reason (~il to keep the taid premises so inwred, ot fail 1o deliver promptly any of said polities of insur~~cs to said MORTGAGEE, w fail p~omptly 1o pay futly ~ny premium therefor ot in sny r~iptd f~il q ptrfwm, diuharge, execvte, effect, canpletQ. c~pty with snd ~bide by this covena~l, a any part he?eof, ssid MORTGAGEE may pl~ce and WY Eo? u?tl~ inswance w any p~n thereof witF?out wmi~ or affectin~ sny option, lien, eqvity, a right under w by virtue of this Mwtqap~. ~nd the fvll amo~nt of each ~nd evKy wch payment sl+all be imrnediately d~e ~nd pay+ble and shall bear interest irom ths date thereof ~ntil paid at tM rat~ o! nine per cantum pe~ annvm and to~ether with ~uch inlcrest shaU be securcd by the lien of this mort~age. 1. To permit, oomrtJf w suffsr no wasts, impa'ament or deterioration of ia~d propeny o~ any pa~t thereof. 5. To pay all and unyvfu the costs, charges uid eaper?ies, including a reaso~able attwney i fee and costs of ~bstractt of titls, incurred o? paid at any time by said MORTCaAGfE, bec~~se p in the tvent of the fail~re on the part of Ihe ~aid MORTGAGOR to dv1y, promptly and fv11y perfam, d;xhs~9R execute, effect, comptet~, oon.pfy w~th and ab:ds~ by each and every the slipulst~a?s, agreements, conditiau, and covenants of said promissory note u+d thii morlgage ~ny or eithe?. and said costs. chuges and expenses. esc~ ~~d evcry, shall be immediately due and payable: whethe~ or ~ot there be notice do- msnd, attempt to col(ect a tuit pending; a~d the f~tl srtw~nf oF each and every svch paymem shall bea. in~erest from ~hs date thereof until paid at tM rate of nine per cent~m pet annum; and all said costs, charges and expenses incv~red or paid, together wit~ intere~t, shall be aecured by the 1'ien of fhu 6. ih~t (a) in the eveM of any breach of this Mortgage w deiault on the part of tAe MORTGAGOR, (b) in tFr. erent any of ssid swns of money hereln referred to Fx not promptly and lully paid within thirty (30) days next after the same severally become dve and payable, withoul demand w notics, o~ (rJ in the event each snd every the stipulations, sgreements, conditions and covenants of sa~d promissory note snd th~s m.ortgaye aoy or either are rtol ~vly, promptfy a~d fvfly performed, disc)w+ged, executed, effected, compkted, complied with and abided by, then in either w any sucl~ ewM ths said aq~ gregate wm mentaned in said promissoty note then rMwining unpa~d, with iNerest ~tu~ed, and all moneys secured hereby, shall betome due ~nd pay~ able fwthwith, w tFKreafter, at the optan of said MORTGAGEE, as fully u~d complete~y as i! al) of the said sums of money were originally stipulated to be paid on such day, anything i~ said p~omiuory ~ote or in fhis Mortgage to the contrary notwitAstanding; and thereupon or thereafter at the op~ion of said MORTGAGEE, without nofKe a demand, suit at law or in equity, theretore w thereaher begu~, may be prosecuted es if all rraneys secured hereby had mafuted pr~or to its irotitution. 7. T?~st in the event that at the beginning of or at sny +ime pending any wit upon this Mortgsge, or to fwetlose it, or to reform it, Or to enfotq paymeM of any daims hereu~der, said MORTGAGEE shafl apply to the Court having jurisd~ction thereof iw the appointment of a Qeceiver, such CouA sMll fwthwith appoinf a receiver of said martgaged p~ope~ty all and singular, includ~ng all and singular the i~come, profits, iuues and rovenues from whatever source derived, each and every of which, it beirg expressly u~derstood, is hereby mor~gaged as if specifical~y set fath and deuribed in tF?e g~anting and habendum clavses hereof, and fUCII RKCiv!! shall have atl the Ixoad and effective functans and powers in anywise entiusted by a Court to a Rcceiver, and such appointmenf shatl be made by such Court as an admitled equity and a matter of absolute right to said MORTGAGEE, and without reference to fhe adeq~acy w inadequacy of the vslve of tFx property mor~gaged w to the sotve~cy or i~sofvency of sa~d MORiGaGOR or the defendants, and rhar such rents, proFits, iocome, iuves and revenues shall be applied by suth Receiver accading to the lien or equity of said MORTGAGEE and 1Fro practice of wch Court. 8. To duly, pramp~ly and fully perfwm, diuharge, execvte, e~iect, complete, comply with and abide by each and every the stip~rtations, sgrecmenb, conditions and covenants in sa~d promissory note and this matgage set fwth. 9. That in the even! the ownenhip of !he mongaged premises, or any part thereof, becomes vested in a penon other than the MQRTGAGOR, ths MORTGAGEE, iri successors and suigns, may, without notice to the MORTGAOR, deal with such sutccssw w svccessor in interest with ~eference fo this mortgage and the debt hereby secured in the ssme ma~ner as with Mortgaga withocrt in any way viiiatinq w dischargirg the Mortgsgors• Iiabiliy hera under or upon ~he debt hereby secured. No ssle of the premius hereby mortgaged and no fabearance on the pan of the MORTGAGEE or its succeuon w eugns and no exrcnsion of the ~ime ior the paymcM of the debt hereby secured given by the MORTGAGEf or its tuccessors w astigra, shall operate to re~ease, d+scharge, modify change or affect the orig;nal liability of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed that time is of the essence of this contract snd that no waiver of any obligation hereunder or of ths obliy~tiOn se- cured hereby shall at any fime thereafter ba held to be a waiver of the terms hereof w of the instrument secured herby. 1 d~tion to the fwego:ng monthly payments of princ:pal and interest requ~red by the promissory note secvred hereby, mwtgagor mve and ag~ees to pay to mo ch monthly payrnent an add~tional sum estimated by mort ua cost o t Ollow- ing: A-All real pioperry taxes levied or auessed against t e deuribed rea . B-Premiums on fire and windstorm insuran rein requ;red to be car~ied on the improvements the above desuibed premises. C-Premiums on such mortg nty insurar~ce as mwtgagee shsll from time to time deem fit to carry on tF?e ured hereby. Mortgagee sha!! ! me to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall t be due snd payable on t ate of the r?ext monthly payment and each successive month thereatter ur,til mutgagee shafl notify mortgagor of a cha ' such amou sums sha!I be applied by mortgagee toward ihe payment of real property taxes, insurante prem:ums, and mortgage guaranty inwre iwns. IN WITNESS WHER~Of the as" AGOR has hereunto set his ha~d and seal the day and year first a{oresaid. Sig a and e p of: • ~ ~ fie+9 ~ a ae zson rt.q n ~i .c~.~ ~.r ia c er o STA7E OF FLOltIDA ~ counmr oF S t. Luc ie gefae me p~~sona~~y appearcd Ida Mae Ellison, A Single Adult Julia MePherson, A widow i?is~vlfr to me well k~own and known to me to be the individuals descr;bed in and who e:ecuted tF~e foregoiny instroment, and acknowkdged befo?e me that they executed the same for tfie purposes therein expressed. flnd~the-=ek1- ~v1f~ ef-~Ac safd ~+P~}~~ ~ <~bmi~+stiar !~r n~ ~al~en-sepsrste ?wd-ap«~. k~n? he~ ~airL Iwrb~wd„ ackaowl~dg~d.lo,,.aiud 6~Eoc~. aor ~hat-ahe•«ucvt~d. said-iostcw~m.frs~fp and.,vdur~a ieril~lnd .vi~bow-«,r ~aiow~e.~awsint,-+P'. ~ ;wti j,.o3?.le~r-oE ~c ~ I~s..e«4.Fw.b.rni. WITNESS my hand and official s~al thi. - day o{ riI a}~.~ 19 69 ~ . . .JY. FfI.ED AND ~EGORDE Notary Publit in ~nd fw the Stata of, n NTY. FLA. My eomm;u~on ~xp?res: • RetumTa l.i!„IE COU~,~~,-p /.l~'~,~#-.~/y,~'-`.:r,;. fiest Federd Savings d. loan Association = ~ t : • _ - ~ +.L~~''7 ~~r~~r rusuc. n~tE oF ~om~~rr ~.c>~••~", Of Fort P~erce. MY COMMISSION FYP~^'S . . f'OIt Pilrtl, FIO?ida _ ' ~ ~pNDED 7MROYGM iRED w_~ D~t;GL~R~: , : _ ~ N~•` V.,.~/ • . i_ .,~."i t: . ' ~ frf•• ~ M . t . ~.~i~' This Instrument Prepared By lTR:•S l~r`~f~" 1'.^." . l7 .~at;'_-'i;..•.t~ First Federal Savings 8~ Loan Associatio t.;j- of Fort Pierce CL=~~ ~fQ~U~T COUR Chedced By R. KaYes f 8~~~76 ~~2800 ~ ~t ~ c f ; : - . : - ~ ~ ~ ; = ~ . at-~ ~ ~ _ ~.a~ ~ _ _ ;