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Home My WebLink About1436 . ~ ~e ~ ' ~ ~ ~ f ~ 3. To ptaa and continuo~sty ke~p on th~ buildinQs now a Mr~ahN sitwt~ on »id I~nd and on ~II equipment u..i ~nonafly covK~d by lhis matQ~ a9~, with dl p~miwns the~~on pa~d in full, fi~e insuranc~ in tM usual atandard policy fo~m, in a:um approwd by th~ MORTGAGt~, snd windatorm inswurc~ in th~ ~sw) ~tanda~d policy fo~m, in • wm ~pprowd by th~ MORTGAGEE, in wch company a canpania u the MORTGAGEE rrNy dinclt and ~It fk~ ar+d windtito?m iniwance policies on ~ny of M1d bU1Wif1~{~ afly {IftffHl ~Ffff~lll Of Pi?f f~llfYOf, in tM spqreys~e wm afwesaW a In exc~ss ~M.eof, sh+ll conbin the vswl standa~d m«tya~s dsuse a such otha cl~vss a IM Mortyages maY requa~. m+kinp ths lou unda u~d polE cia, esch ~nd ~wry. paYable ro ssid N10RTGAGEE as its interest m~y appear. and each and every such policy sMll b~ pramptly ~u:yned ~nd d~livered ~o ~ny keld by ssid MORTGAGEE as turther security to s+id mortys~~ debt, and, not leu thu? ten (10) days in sdvanc~ oi tM txpir~tion o1 each policy, to da live~ to said MORTGAGEE a renewal thareof, tope~her wi?h a rece~pt for ~he premium ot tuch renewalj and the~e ~hall be no f~re o. wi~dstorm insuranc~ pl~pd on ~ny of said buildinys, any iotere:t tMrein or par~ theroof, u~leu io the fo~m ~nd with tht loss payat4 as ~iwes~idt a~d in tht eveM any wrt~ of morKy becomy p+yable v~ such polky w policies a3d MORTGAGEE shaii Mw rhs optan to receive and appiy tfie sam~ on +cca?nt of the indebted- neu ~ecured Iwreby or to permit said MORTGAGORS fo ?Ktive snd us~ it ot any parf thereof fo~ othcr purposet, w~?hout tha~eb~ waivi~~g or ~mpair- irg any eq~ity, lien a ri~M ~nda w by virtw of this mo:tgaye; and in the event sa~d MORTGAGORS shsll fw any ~eawn f~il ro keep the s~id premises w inwred, or f~i) fo deliver promptly any of said polities of insurante ro said MORTGAGEE, or fail promptly to pay fully any premium therefw w i~ any rospM f~il ro pNfwm, discharge, exec~ts, effect, complete, comply wi~h and abide by this covcnant, w any psrt hereof, isid MORTGAGEE may pl~cs a~+d pay fa such inwranc~ w ~ny p~rt theraof witAout waivinp w affectinp a~y option, litn, equity, or right unde? or by virtw of tF~ii Mort~a~e, and the full smo~nt of tach u~d evKy such payment sl+all be irmxdiately dw and pyabk ~nd shall bear interest from ths date thereof until paid ~t tFK rat~ of ni~e per centum per anoum and to~elhe~ with s~th interest ahall be setured by tM ti~e~ of this mortpage. 1. To pKmit, commit or wffar no waate, impsirment w deterioration of faid property or +ny part thereof. 5. To pay all ~+~d sinpul~ tM costs, cha?qes snd expensea. including a mssonable attorney's fes and costs of abitr~cts of titls, incvrred w paid at a~y time by said MORTGAGEE, bacause or in the event of the tailure on the pa?1 of tM ssid MORTGAGOR to duly, promptly snd fully perform, discharys, execvte, effecL oompkt~, comply with and ab:de by esch and every the stipulations, agreemen», conditions, and oovenants of said promisswy nots and thii mortyaye any a either. and ~aid coits, charges and expenses. each arsd every, shall be immed~ately due and payable: whcthcr a not the.e be notice da ~ mand, attempt to collect w wit pending; and the full srnount of each and eve?y svch psyment shall bear interest from the date thereof until p~id ~t the E rate of nine per centum per annum; and all uid msri, charges and expenses incurrad or paid, together with such interest, sh~ll be sacured by the lien of thit ~ mwt~a~• 6. Thsf (a) in fhe ever+t of any breacfi of this Mortyaga or defa~N o~ the part of the MORTGAGOR, w(b) in the event any of said sums of money hefein refened to be not promptly and fully paid within lhirty (30) days next afte+ the same severally betome due and paysbk, withoul demand ot notice. or (c~ in the event each snd every tl+e atip~lations, agreements, conditions and covenann o( sa~d promiuory note sod th~s matga9e any w either ar~ nol ~uly, promptly and fully performed, d~scharged, executed, effected, completed, complied with and ab~ded ~iy, tfien in either w any such evem tht said a~ gregate wm mentio~ed in s~id promissory note then remaining unpa~d, with interest accrued. and all moneys secured hereby, shall become due and p~y~ able forthwith, or tlureafte?, at the option of said MORTGAGEE, as fully ard completely as if all of ~he said sums of money were wiginally stipulated to be paid on wcfi day, anything in said prom~uory note w in this Mortgage to the contwry notwithstanding; and thereupon or thereafte~ at tM option of ( said MORTGAGEE, without notice w d~mand, svil at law or in equity, tIl!(lf0~! Of tAlfNI1H beyun, may be prosecuted as if all moneys sacured hareby had mafured ptior to its institution. 7. TF~at ~ the evcnt that at the beginning of or ~t any time pe+xling any suit upa+ this Mortgage, a to forcclose it, o? to reform it, w to enfwc~ payment of any claims he+eunder, said MORTGAGEE shal~ apply to the Cou?t having jurisdjt(iqn thereOj fq the appantment of a Receive~, svch Co~rf shal) forthwith appoinf a receiver of said mortgaged prope?ty all and singular, includ~ng all a~d s7ngular tf~e income, protits, issues and revenues from wt?atever ~urce derived, each and every of which, it being eapressly unders~ood, is hereby mortgaged as if spec~fically set forth snd described in the graMing and habendum clauus hereof, and s~?ch Receive~ thatl have all the broad and effective fv~ct~ons and povrers in anywix entrusted by a Court to e Receiver, and •uch appointment shall be made by svch Covrt as s~ ~d:nined equity and a matter of absolute right to said MOR1GAGfE, snd without refercnce to the adequacy or insJequacy of the value of the property matgaged o~ to the so~ve~cy o~ i~sotverxy of said MORTGA~3pR a the defendants, and that such renri, profin, intorne, iuves ~~d revenues shall be spplied by utch Reteiver atcording to the lien or equity of said MORTGAGfE and the ptactite of such Court. 8. To d~?ly, promptly and fvlly perfwm, discharge, execute, effect, mmpkte, comply with and abide by each and every the stipulations, ~greements, conditions and covenana in wid promissory note and this mortgage set fwth. 9. TF~at i~ the event tF~e ownenhip of the mortgaged premises, or any part thereof, betort?es vested in a person other than the MORTGAGOR, the JNORTGAGEE, its wccesson and auigro, msy, without notice to the MORTGAOR, deal with such successor or succcssor in interest with reference to thia morlgape and the debt hereby secured in the same manner as with Mortgagw without in any way vitisting ot dixharging the Mortgagors' liabiliry hera undr or upon the debt hereby xcured. No ssle of ~he premixs hereby mortgaged ar+d no forbearance o~ the part of ~he MORTGAGEE w iri sutcessors or assigns and no extension of rhe tirrK fw the payment of the debt hereby setured given by the MORTGAGE' or its s~ctessors a assgns, shall oper~te ro releaae, discharge, modify change w affect the orginal liabil~ty of the MORTGAGOR herein, eithtr in whole w in psrt. 10. It is specifically agreed that time is of the essence of ~his contrad and that no waiver of any ob~igation herevnder o~ of ihe obliy~tio~ sr tured hereby shall at any tirrK thereafter be held to be a waiver of ihe terms hereof or of the instrumcnt setured herby. 11, In add~tion to the fwego:ng monthly paymsnts of p~inc'pal and inferest required by the promissory note securcd he~eby, mortgagor covenants and agrees to pay to mortgagee with each monthly payr~ent an add~rional sum estin,ared by mwtgagee to be equal to 1;'12 of the annual cost of the follow- ing: i A-All real property taxes kv:ed or assessed a9ainst the above described real estate. ~ B-Premiums on fire and windstwm insurar.ce as herein requ~red to be carried on the improvements situate on the sbove described premitei. ! C-Premiums on such mortgage guaranty insurance as mwtgagee shall from t~me to ti~ne deem fit to csrry on the bsn secured hereby. { Nbrtgagee shall from time to time noti(y mortgagor in writing of the amount due and payabie hereu~der and such sum shall thereupon be due and ~ payable on the due date of thr next monthly payment and each successive month thereaf~er ur.til mortgagee shall notify mortgagw of a charge in uxh arrsou~t. Such sums shall be spplied by mwtgagee toward the payment of real property taxes, insurante prem:ums, and morlgage guaranty inturance ~ ~ premiums. ~ (N WITNESS WHEREOf, the ssid MORTGAGOR has herevnto set his hand and sea) the day a ear first +for ~ ' Sealed and livered in the presencs of: E aq Q ~ ~ _ ~ ATE Of FLORIDA ~ ST . U1C IE counm oF Robert E. Bnqholm ~ Mfor~ me parsonally app~ared ~ Jean j.. ~ngholm his wife, ro me well known and knawn to me to b~ ~ 0 the Indiridwb described in and who executed ths fw~ np inslrument, and sdcnowledped befwe me tMt they executed the tame fw tM purposea ~ ~ therein .~.h.ed. ~~„d rh. s,~a Jean L. Engholm j ~ wifs of r~,e .a~d Robezt E. Engholm oPo„ • sep~rafe ~nd priv~M l ezamination by me take~ separate and apart from her said husband, ~cknowledged to and befwe me that sl+e executed said irutrument freely and voluo- ~ terily u~d wi~hout any compulsion, constrsint, appreMnuon, feu of or from her said husbsnd. ~ WITNESS my hand and officid seai thi day of J e p, ~q 69 i ' ---~-o'vLf(A L~LLi~^~ I . Notary Public in snd fw the State of F{or:d~ at Lupe ~ My Comm~saion expiref: ~ Return Ta . ` ~ firat Fda~l Savirps i loan /lssocidion . . . ,,.`j.'. ~Mif~ P~t. wt! 0~ F~Olfdi H~ ~ or Fo., P~««. ~ t~tt? GaM~s~~`~E:pires Sept- 23 1969 ° Fort Pierce. Flaida M~M w~ iw i GswYr C~ ~ - , " r A i ~ E . C f ~ , r' - S f C~'Rn V~ OY f~p , V~ R FtEp A. ~ This InstrumeM Prepared By John W. Coll~tts'r.- 1~(~8~ ~ First Federal Savings 6 loan Association ~ ~."T ~ ~b?e of Fort Pierce, Flozida JU~ 30 ay ~ ! Q~ , ~ Chetked By ri 0 C~ERi( ' rOtTRqg ~ ~ S~I~~ PM;t~~~ CIRCUIT COURr~ ~ _ . ~ x ~;N ~ ~ _ _ _ . e _ _ = -