The URL can be used to link to this page

Home My WebLink About0367 f , 9. To plac~ and ronHovously kNp on th~ buildings now or AK~sftK ~itust~ on iaid land and on all equipm~et and p~na+aUy cov~r~d by this mort~ _ pb wiih ~II pr~miwns ihtrea~ p~id in full, fin inswanu in ih~ vswl staalard pol;cy form, in a tum spprowd by tM MORiGAGEE, and winditam ~ Insuranc~ in Ms vawl itanda.d policy fan~, in • sum ~pproved by th~ MORTGAGEE, in wch comp~ny or compa~i~s as th~ MORTGAGEE may ~ d'u~crt ~nd sll fin u?d wind~torm inswa~ polkies on any of faid buiidinps, any inqrqt thsrein w pM therwf, in tl+e appre9~~~ wm ~fa~~aid or in ~zcess tMreof, shali ca+taG+ ths uswl stsndxd mortyap~t clau~ a wch othM cl~vs~ ~s tM.Mo.tpap~e may rcquir~, makinp ~hs lou ur?dK said poli~ cia, ~ach u~d every, p+yabb ro s+id MORTGAGEE ~s ih intKSSt rrwy app~ar. ~nd *ach u~d ~very such policy ~MII b~ promptly ui:~ned and delivKSd ~o ~~y h~ld by ~aid MORTGAGEE u fw~he? ~acvrity to said mo.tpa~ debt. and ~ot tess thu? te~ (10) days in advancs of the ~xpiration of each polky, ro d~- ~ I+w~ ro ~aid MORTGAGFE a renewil ihe?wi, toptthK with a rxeipt for the premium of s~ch r~newilj and ther~ ihstl b~ no fir~ w wi~dsto.m ir?suranc~ j plao~d on ~ey of said bvildirqa, any inter~st th~rein or p~n thereof, unkss in tM fwm and wi~h tF~ loas pay~41~ as aforesaidJ u+d (o tFN ewnt aoy sum of nw++ey becanes payabl~ unJer such policy or pol+c7es aid MORTGAGEE sl,all hav~ tM option ro ~eceive and apply tM same on accovnt of tM indebted- ~ ness tec~red hNeby d fo permit said MORTGAGORS to reteiv! u~d vN it or ~ny pan thereoF fo? olher purposes, wilFout thxeb/ waiviny or imp~ir- ~ inp any puity, lien w ripht vntk~ or by vittw of this mort9~; and in tM ~venf ~a~d MORTGAGORS shell for a~y ~eason fail to keep ~he said pr~mises so f~sv~ad, or fai) b deliwr promptly u+y of said polici~s of inwrance to asid MORTGAGEE, or fail promptly to pay ivlly any p?emi~m therafor w in any ` respect f~it to pafonn, dischar~t, execute, ~ff~ct, compkte, comply with and abid~ 6y this eoven~nl, or any psrt hereof, aid MORTGAGEE m~y pl~u i~d u ~ paY for auch inwrance a any part tlweof withovt waivinp or aff~ctirg any option, lien, equity, a ripht under w by virtue of ~his Mat~ape. ~nd the ~ fvll amoun~ of each and evKy such payrr~ent aMll be immedi~tely dus ~nd paysble ~i+d shall beu interast from ths date tF?ereof until paid at tM rat~ 01 j nine pe? csntwn per a~xwm ~rx! together with s~ci~ intereit sh~ll be secured by tM fien of this mortya~e. 1. To p~rmit, aommit or wffer no wast~, irnpainneet or deterioration of sa+d propsrty o~ ~ny pirt tMreof. ' s 5. To p~y ali and sir~pulu ths cwb, charqe~ and txpenses, includinp a reasw~+ble anwncy's fee and oosts of ~bstraets of title, iixvned or paid ai ! eny time by ssid NIORTGAGfE, becavse or ie tM event of tM fsiluro on ihe p~rt of the said MORTGAGOR M duly, pranptly ~~d futly p~fwm, d~schar9R ' execute. effect. complet~. compty with a~+d abide by ~ach and every the stipuletions. ~yroements, conditiwu, and oovenaros of sa7d promissory no!e ~nd ~hii i mortyags any w eith~r. ~nd sa;d cosy, cMrpes ~nd expeny~s, e~ch and every. shall be immediately dw payable: whe~her a not ther~ be notice da mand, ~ttempt to colktl or wit pending; and the full amouM of eath and avery such payment shati bear interest from ths date thereof until p~id at the rate of ~ine ptr cenrum pet arnwm; and a!1 asid costs, charpq aoel cxpe~ses intur~ed or p~id, together with such intereit, ihall b~ setured by ths lier~ of this n'ortp+p~• i 6. Th~1 (a~ in the event of any breach of this Mortgape or default on the part of the MORTGAGOR, or (b) in the event aey of said wms of nwney herein referred to bs not promptty and fvlly paid within thirty (3p) day~ neat after fhe snme seversify become due and payable, without demand or notice. or in tFe event each and every the stipvlations, ~greerne~q, concl;tions and covensnn of sa:d promissay note snd th~s mwtgape any or eithe? art no1 ivly, prompNy and fully perfo~med, dixharged, executed, effected, completeJ, complied with aod ebided by, then in either p any such ~vem ti» said ap, gregate wm rn~ntioned in said promissory note then iemaining unpaid. with interest acaued, and atl moneyi sec~red hereby. thall become dw and pay~ able fwthwith, cr thereafter, at tl+e option of said MORTGAGEE, as f~lly ud completely ss if all of the wid sums of money were a~ginally sHpvlated eo be paid on such day, anythir~g in said promissory note o~ in this Mangaye to tl~e contnry notw~thstsnding; and thereupon or thereafter ~t the option of said MORTGAGEE, withovt ~otice or demand, suif at law or in equity, therefore or ther~after begun, may be prosecwed as if all nwneys secured heteby Fwd tnsWred pr~or to ib institution. 7. Thst in the event that at the beginni~g of or at any time pending any wit upo~ thia Mortgage, a ro foreclose it, w to reform it, o? to enfore~ payment of amr cla'uns hereunder, said MORTGAGEE shall apply ro the Court hsving jwisdKtro~ thereof fw the appointment of • Receiver, such Co~n shs11 a forthwith appoiM s receiver of ssid mort9aged property all u?d sinqula~, intlud~ng all and singvlar the income, profits, iu~es and revenves from whateve~ ~ source derived, eatb ~nd every of whitFy it beirg expressly ~nderstood, is hereby matgaged as if spetifically set forfh and described in Ihe g?~nting snd habendum clauses he~eof, a~d such Receiver shall have slt the broad and effective functions a~d powen i~ ~nywise entrusted by s Court to a Receiver, and ~uch appointment shatl be made by sirch Govrt as an admitted equity and a matte? of absolute righf to ssid MORTGAGEE, and without reference ro the adequacy or ina~kq~acy of the value of the property mortgaged w to tt+e solvency or insolvency of saal MpRTGAGOR w the defendants, and that such profits, i~come, issues snd revenves s!?all be applied by svch Receiver accordinp to the iien or equity oi said N10RTGAGff and the practics of such 8. To duy, promptly and fully perform, dixhuge, execute, effect, complete, comply with s~d abide by each ~nd every the stipulations, agreements, conditans and covenints in ssid promiswry note and this mortgage set fath. 9. That in the event the ow~xrship of the mortgsyed premises, or any part thereof, becornes vested in a perw~ other than the JNORTGAGOR, tha MORTGAGEE, its succeuors and auigrn, may, without notice to the MORTGAOR, deal with suc6 succeuw p successor in iMerest with roference to this mortga~ee and the debt hereby setured ie tht sarn~ mann~r p with Mwtgagp without in any way vitiatirg ot dischar9ing the Mwt9sgon' li~bility hera under or upon the debt hereby secured. No sale of the premises hcreby mortgaged and no fwbearance on the part of the MORiGAGEE w ih successors w auigns and no extension of the time fw the p~ymeM of ths debt 1?ereby secured yiven by the N10RTGAGEf or its succesaors or sssigns, ahall op~rate to retease, d~schar~e, modify change or affect the wiginal (iability of the h~ORTGAGOR herein, either in whole or in part. 1 10. It n specificatty agre~ed that time is of the essence oF this c+ont~act and tAat ra waiver of any obligat~on he~ew~de~ a of the oblip~tion se- ~ cured hereby sMll at any time thcrcatter tx held to be a waiver of the terms hereof or of the instrumeM secured herby. 11. In additia~ to the forego:ng monthly payments of princ'pal and i~terest required by the promissory note setured hereby, mortgagor covenants and agrees to pay to mortgagee with eacfi mont6ty paymenf an additianai sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- 'rg: A-All real property taxes kvied w asse:sed against the ~above described real estate. B-Premiums on fi~e and windstorm insurance as hercin requ~red to be wrried on the improveme:+ri sitvate on the above desvibed {xemises. C-Premiums on such mwtgage guaranty insura~te as mortgagee ~hatl from time to time deem fit to carry on the (oan tecured hereby. Mortqagee shall from time to t;me notiSy mortgagor in writing of tlx amount due and payable hereunde~ and such sum shall thereupon be due and payable an the due date of the next monthly payment and each successive month thereafter ur.fil mortgagee shall notify mortgago~ of a change in such amount. Such sums sha(I be applied by mortgagee foward the paymeM of real property taxes, ir?svrance premiums, and matgage gvaranfy insuranca premivrru. IN WITNESS WHEREOF, the said MORTGAGOR hss hereumo set his hand and seal the day snd year fint sforesaid. Si~n Sealed an deliv r in the praence of: ~ •n n ~n ~n STATE OF FIORIDA ~ COUNTY OF - St~ I_tr_i p Before me pKSOnalty appeared C ha?r le s H. Mi tc he Z 1 ~ ~rKl Dolores D. M1tC219~.1 his wife, to me well known and known to me to be the ffldiYl~WJ! described in and who e:ecuted tl~e fweQoirg instrwnent, r~d ~ckrwwled~ed beforo me that they executed the same fw ths p~r~wses tMrein sxpresxd. Md the Dolores D. Mi~chell ; wif~ of ths ssid Charles H. Mitchell upo~ ~ separate and privat~ ~ exami~afiw~ by me taken sepa?ate ar?d apart from her said husband, ~dcnowledged b end betore me that she executed said in~trummt freety and volun- ' rarily u.d withovt any compvbion, const~aint, apprehension; r feu of a from her said husb~nd. ~ WITNESS my hand and official se~l thi day of A. 0. 19~2~. . ~ Notsry Pvblic in ~nd for tM St+t~ of Fbrida at L~rp~ My Commisian expir Retum Ta , , ~:~:dry~i 0~ F~Ofldi ~ Fint Federal Savugs 6 lo~n Associatwn - , Co~sio~ 6y;ns S~p, 23 i469 ~ • ~ Of Fort P~erce. . ~,y~ A, ~w ~ ~ w~+ P~c~, Flaids _ : ~ • ` L~ % F1tE0 AND RECORDED' , ' r ST, IUCtE COUNTY. FLA." ~ : ' R~CORD V~RIFtEO This Instrument Prepared 8y r. ~ i?~361 ~ First federal Savings b Loan Associati~n~~.... , s of Fort Pierce . • ~ ~69 JUN ~ ~ ~ • ~ ~ Chedced By J. Chastain ~~~X~~~ ~ CLERK CiRCU1T COURt~ ! cf , _ . _ . - , - - _ ~ - ~ = ~ - .~i r_. ,.r-~