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Home My WebLink About0263 . ~ ~ ' ~y~~ ! 3. To lac~ and continuously keep on ~M buildinps now a I+~rcaftN situa~~ on said land ~r?d on ail equipm~nt ~r+d penonally covand by this mort~ } P ag~, with ~II premi~r~u thartoe? paid in full, fire insuranct ~n rhs usual standard pol~cy fam, in a sum spproved by the MORTGAGEE, and winditwm ~ insur~nca in the usual ~t~ndard pol~ty form, in • sum app~oved by the JNORTGAGEE, in such company w comPan~as as th~ MORTGAGEE may diractj ~nd all fire +nd w~ndstorm insurance policies on sny of sa~d build~nps, ~ny in~ersst therein w part thereof, in Ihe ay9rey~te t~m ~fOr~said Or in excess tF~ereof, shall contain the usual ~tandard mortgagee dause or such o~her clause +s ths Matya9ee may req~'ut, makinp IM los~ unde~ sa~d pdF ~ ciei, each and every, psyable ro:aid MORTGAGEE ~s irs in~e~est may appeu, and each and every iuch pol~cy shall be promptly au.yned ~nd de~ivered to ~ •ny MW by said MORTGAGEE as further security to said matgage debt, and, no~ leu ~Mn ten (10) days in advancs of the expiration of each policy, to dr i li~er to wid MORTGAGEE a reeewal thereoi, toye~lar with a receipt fw tM premium of s~ch renewal; and ~here shall be no fi~e or windstwm ins~rance ~ plated on sny of said buildir+gs, any interest there~n w part Ihereof, ~nlesa tn the form and with the lov payable as aforesaidj a~d in the went any sum of mo~sy becomss payable vnder iuch poliq w policies iaid MORTGAGEE shall have tf?s option to ~ece~~e and apply the same on +ccounl of the indebted~ ness securad he~eby w b permit aaid MORT6AGORS to receive and uss it w any part thereot iw other pur~oses, wi~Fwut thz~eo~ waivi~y a impair- ing any eqvity. lie~ w ~ipht under or by virtue of this mo:'gage; and ie tM evero said AAORTGAGORS shall for any reasoo fail to keep the said p?ea+ius w ~ insured, ot fai) fo delive~ pramptly any of said pol~cies of insurance fo sa~d MORTGAGfE, or fail promptly to pay fulty any premium therefw w in ~ny respect (ail b per~orm, diuharge, execute, effect, complete, comply with and abide by th;s cove~ant, w sny part hereof, said MORTGAGEE may p~ate +~+d paY fa such iruurance or ~ny pa~t thereo( without waiving w affeaing any option. lien, equity, or right vnder or by virtue of this Mort9age. ~nd the full ana~nl of each and every such payment shall be immediately dw ~nd payabk and shall bear inferest f~om Ihs data thereof until paid N tM ratt o1 nine per ce~tum per annum and toge~her with such interest shali be sscured by the lien of th~s mortgage. 1. To permit, tanmit or suffe~ no waste, impairment or deter'aratan of said propcrty or any part therrof. 5. To pay all snd singular the cosfs, charges snd expenses, inc~uding a reesonable attwney'~ fee and costi of abstracts of title, incurred or paid at any fime by said MORTGAGEE, becavse o~ i~ the event of the faifure o~ the part of the said MORiGAGOR to duly, promptly and fully perfwm, d~uharya~ exetute, effed, t~mptete, comply w~th and ab;de by each and every the stipufations, agree+nents, conditions, and covenants of said promissory note and thii ~ mortyape any or eithet, and uid costs, charges and expenses, each and every, shall be immediately due and paya~!e; whetiKr ur not there be r+otice de~ ~ mand, altempt to co11M o? suit pending; and thc tull amount of each :~d every such payment shall bear inferesl from the date thereof until paid at the rate of nine pe~ ce~tum per annum; and all said costs, charges ar~d expenses i~curred w paid, logether w~th such interest, sha~l be setured by /M lien of fhis mortps~s. 6. TMt (a) in the event of any breacfi of this Mortgage w default on tF~ part of the MORTGAGOR, a(b? in the eve~t any of ssid tums of money herein referred to be rwt promptly and fully paid within thirty (30) days next after the sanx severally become due and payable, without demand w notice, or (c) in the event each snd every the atipulat~ons, agreements, cond~tions and covenants of sa~d prom~ssory note and th~s mo~t9age any w either are ?wf iuly, promptly and fully perfwmed, d~xharged, executed, eifeded, campleted, ca-npl~cd wi~h and abided by, then in e~tMr w any wch sve~t the said aQ gregate sum mentioned in said promisswy note tF~n remaining unpa~d, with interest accrued, and all rr.oneys setured F?ereby, ahall betome due and pay- ab:e fwthwith, w thereafter, at the option of said MORiGAGEE, as fully and comptetely as ii all of the sa~d sums of money were originelly stipulated to be paid on s~ch day, anything in sa~d pro~n~sswy note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of ; said MORTGAGEE, without notice or demand, suit at law or in equity, therefore o+ thereaiter begun, may be prosecuted as if all moneys secured hereby had matured pnor to ~q institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to fweclose it, or to refam it, or to ei+fats paymenl of any claims hereunder, said MORTGAGEE shatl apply to the Court having junsd~ction thereot ior the s;+po~ntment of a Receiver, suth Court shall forthwith appoint a rece~ver of said mwtgaged prooe?ty all and singular, includ~ng ai! and singular the intome, p~ofits, issues and re~enues irom whatever wurce derived, each and every of wh~ch, i~ being expreasly understood, is F~ereby mortgaged as if specil~cally set fo~th and deuribed in the grantir~y a+~d habendum clauses hereof, and such Receiver shall have all the broad and effecrive funct~ons and powers in any;ivise entrusted by a Court to a Reteiver, and such appointment shall be made by wch Court as an admitted equity and a matter of absolute righ~ to said MORTGAGEE, and w~thout reference to the adequaq or inadequacy of the value of the property mo~tgaged or to ~he solv~erxy or insolvrncy of said MORTGAGOR a the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accordin9 to the lien or equity of said MORTGAGEE and the practice of wth Court. 8. To dvly, promptly and fuliy perform, discharge, exrcute, effect, compiete, comply with and abide by each and every the stipulations, agreemenfs, cond~tions and covenants in sa~d promissory note and this mortgagEr set forth. 9. That in the event the ownership of the mortgaged premeses, w any part thereof, becomes vested in a person ather thsn the MORTGAGOR, the h10RTGAGEE, its auccessors and assigns, may, without ~otice to the h10RTGAOR, deal with such succeuw a successor in interest with reference to this mortgagg and the debt hereby setured in the same manner as with Mortgagor without in any way vit;ating or d~uharging the Nbrtgagori liability he~e- under or ~pon the debt he:eby secured. No sale of tFx Fremises hereby mortgaged and no forbea•ance o~ the part of the MORTGAGEE or its successors or auigns and no exter.s~on of the time fw the paymem of the debt hereby secured given by the MORTGAGEf or its succtsson or auigns, shall operate to release, d~scharge, mod~fy change or affect the orig~nal liab~t~ty of the MORTGAGOR herein, either in whole w in part. 10_ It is speuficatly agreed that time is of the essence of this contrad and that no waiver of any obt~gat~on hereunder or of the obligation sr cvred hereby shait at any time thereafter be held lo be a waiver of the terms hereof o? of the instrument secured herby. 11. In add~tio~ to rhe forego:ng monthly payments of princ'pai and interest requ~red by the prom~ssory no!e secured hereby, mortgagor eovertants and agrees to pay ro moregagee with each monrhly pay~nent an add~~+onal sum esr~mated by mo:tgagee to be equal to 1;`12 of the annual cost of the follow- ing: A-All real property tazes levied or assessed agai~st the aoove described real estate. ~ B-Prem.~urns on f~re and w~ndstorm ir.surance as herein requ~red ta be carr~ed on the lmprovements situate on thr above described p~emises. C-Premiums on such mortgage guaranty ir.surer,ce as mortgagee shall from. rme to time daem fit to carry on ihe ban secured hereby. Mortgagee sfia!i from t~me to time notily mortgagor in writing of the amount due and payable hereundr? and such sum shall thereupon be due and F3yable on the d~e date of the next moNh!y paymero and each successrve month thereafier vntii mortgagee sfial! noti(y rtsortgagor of a change in such amount_ $~ch sums sha~i ix appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~id rtwrtgage guaranty insurance ~ p~emiums. - ~ IN WITNES~ WHEREOF. rhe said MORTGAGOR has hereunto set h+s hand and seal the day and a first atuesaid. € Sgn eaSed and elivered i~+ the preunce of: / ~c~ ~ n ~ ~ ,o ~ n v • ~ ~ 1 ~ STA1E OF?EIOmO( MICHIGAN i ~ couNn oF Genesee ? ~ ~ Grafton Moore ~ Befwe me pcnonally appeared s'~ ~ Naney R. Moore his wife, to me well known and known to me to be the individwls deuribed '+n and who eaecuted the fwea,~oiny inst~ument, and acknowledged befwe me that they e~ecuted the same fw the purposes ~ thereir+ expresxd. And the taid Nane}~ R• ~'~001'@ ~ Grafton Moore „ , ..re s~+a ~ wife of the said Po^ ~P~ P~ ~ examinstion by me taken separate snd apart from ker said husband, ecknowlcdged to and before me that she exetuted said instr~ment frealy snd volun~ ~ rarily and without •ny compufsion, constraint, apprehens~on, w fear of or from he~ said husband. WITNESS my hand and official seal r?,~~ 2nd day of ~K June , A. D. 19 69 's _ ~ ~ F~~p ANO RECOR Notary Public in end ior State ofy0p0pO0D~1C MICI~QGAN ~ ST, LtfC1E- COUNTY. FLA• Mr e~,m,:s~«, exP~.~: ~ Return To: ~f~R~~1ED 1-18-70 Finf Federa{ Savings 8 Loan Association t~F ~;Q ~ • , . ~ Of Fort Plerce. v ` .j , , ~ Fprt Pierca florida ~ ~ • ~ • ~ '69 JUN 11. I 5 - _ ~ _ = . _ = ,r ~ ~ This Instrument Prepared ey ROGE ~S . ~ :T ~ First Federal Savings b Loan Association COUiZT; , ~ ~ ot Fort Pierce CLERK CIRCUI , ~ L~ L'" 1 ~ J. x ~ ~ . Checked By i - Chastain ~ • ~ Y ~ ~ ~ ~ ~ ~I ~ ' - * + r ` f ~ = ~ - - ~ ° ~ ~ _ x-~.~ ~ s~: ~