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Home My WebLink About1935 ~ i ~ ~ ~ i 9. To plsc~ and continuousiy keep on the buildings now a here+ftK ~ituat~ on said land and o~ all equipment ~nd penonally coverad by this mat~- ~ ~pt, with ~11 premium~ thercon ps~d in f~ll, fi~~ in~uranc~ in ths u~wl ttandard policy fwm, in • ium approved by Ihe MORTGAGEE, and wind~torm inwranc~ in the vsuat itsndard pol~q fam, in ~ sum spproved by tM N10RTGAGEE, in such comp~ny a canpanies ~s the MORTGAGEE m+y d'uectj and sll fire end wlndawrm iniurance policies a? +eY of ~aid build~np~, any inter~s~ therein w pa?t tMreof, i~ the a~grepate tum afa~said or In ~xcess thareof, thall contain the utual standard mortgags~ clauie or such o~he~ clause ~s tM Ma~yay~e may requus, m~kinp ti+~ loss undN taid pol~ cies, e+ch and evary, payab!e b iaid MORTGAGEE as in interest may appear, and each u+d every s~rch policy shall b~ prompt~y +u:9ned and delivered to ~nr held by said A~ORiGAGEE ~i fur~her security to said mor:gage debt, snd, not less tha~ ten (10) days in advarxe of tM expiration ol esch policy, to da livt~ to s+id MORTGAGEE • renewal Ihereof, topethe~ with a receipt fw the premi~m of ivch renewsl; and tAere shall be no fire or windstwm in~uranc~ pl~ced on any of said buildings. ~ny inte~est therei~ or part thereof, u~less in the form and with the lou payable as aforei+isl; a~d in tM event any surin af money becomes payabl~ u~de~ such policy or policies wid MORTGAGEE shall have the option ro rece~ve snd apply the same on account of the indQbted neis secured hereby w ro pe?mit said MORTGAGORS to receiw snd us~ it or any part thereof ior o?hc~ purposes, without ~h:reb~ waivi~.g' or ~mpair- inp ~e?y aqu~ty, lian or r~ght under or by virtue of this mors~sye; ~nd in the evcnt sa~d MORTGAGORS ihali fa any reason fail to keep the said premises so insured, u fail M detiver promptly any of said policies o( insurance to sa~d MORTGAGEE~ w fail promp~ly to pay futly any p?emium therefw w in any r~~pect (ail ro pe~form, dixharge, e:ecuts, effact, complete, comply wirh ar+d sbide by tkn covenan~, or ~ny par~ hereof, said MORTGAGEE may pl~ce ~nd pay fw such insurance or any part thereof without waivinp o~ affedin~ any option, lien, eq~ity, w right under or by virtue of thls Ma~gsge, and the full amovnt of each a~d every s~ch payment shall be immediately dve and payable and shall bear inte?est from ths date thereof until paid at the ~at~ oi nins per cer~tum per snnum and together with suth interest shali be secured by ihe lien of lhis mwtgage. To permit, commit or wffer no waste, imp~irment or deteriwation of said preperty w~nY Pa„ ~he~c~of• S. To pay all and singulu the costs, charyes and expenses, inclvdi~g a reasonable attwney's feo and costs of abstracts of title, incurred w paid st any time by said 1NORTGAGfE, becavse w in the event of the failure on the part of the said MORTGAGOR to duly, promp~ly and fully pertorm, diuharge, executs, effect, complete, comply wifh and abtde by each and every the stipulatiorts, agreements, conditions, snd mvenants of said promissory note and thif ! mortgaye any w ei~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether a r+ot there be notice da mand, attcmpt to colletf or suit perxling; snd the full amount of each and erery such payment shall bea? interest from the date thereof until paid ~t the rate of nirK per ce~tum per annum; and all wid msts, charges and expenscs incurred or paid, together w~th :uch interesL shall be setured by the lien of thif mo?tya9e. 6. That (s) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, or (b) i~ the event any of ss~d sums of money lxrein referred to be not promptl~ and futly paid within thirty (30? days next after the same severatly become dve and payable, without dcmand or notice, or (c) in the event exh and every the stipulations, agreements, conditions and covenants of sa;d promissory ~ote and th~s mortgage any or either are nol ~uly, promptly and futly performed, d~scharged, executed, effected, comp~eted, complied with and abided `~y, then i~ either w any such event Ihs said a~ gregafe sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall betome dw ~nd pay- sble forthwith, or thereafte~, at the option of said MORTGAGEE, as fully and completely as if sll of the sa~d sums of money were origfnslly st~pulstcd to be paid on such day, anything in wid promisswy note or in this Mwtgage to the contrary notwithstanding; and thereupon a thereafter at the option of said MORTGAGEE, without notice w demand, suit at law ot in eqvity, therefwe or thereafter begun, may be prosecuted as if all moneys setvred hereby hM~ matur!'d p~~Of to its inStitWipl. 7. That in the evcnt that at the beginning of or at any time pending any suit ~pon this Mortgsge, a to fweclase it, or to refwm it, or to enfores payment of any claims he~eunder, said MORTGAGEE shall apply to the Cou?t having jurisd~ction fhereof fw the appointment of a Receiver, such Cou?t shall Forthwith appoint a receiver of said mortgaged property all and singuiar, includ~ng all and singu~ar the income, p~ol~ts, issues and revenues from whatever ; wurce derived, each and every of whKh, it being expressly understood, is hereby mortgaged as if ipeu(ically set fath and described in the granting and ~ habendum clauses hereof, and such Receiver shall have all the broad and effective funct~o~s and powers in anywise Mtrusted by a Cou~t to a Receiver, and such appointmrnt shall be made by suth Courf as an admitted equity and a matte? of absolute right to said MORTGAGEE, and withovt referer?ce to the adequaq or insdequacy of the value of the property mortgaged or to 1Fx sotvency or ~nsolvency of uid MORTGAGOR w the defendants, and that iuch rents, profin, income, issues and revenues shall be applied by such Receive~ accord~ng to the lien w equity ot said MORTGAGEE and the practice of such COUrt. 8. To duly, promptly and fully pe?fwm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, sgreements, conditans and covenants in uid promissory note and this mwtgage set fwlh. 9. Thaf in the event tlx ownership of the mortgaged premises, or any part thereof, becomd vested in • person other than the MORTGAGOR, tlu MORTGAGEE, iri successors and au~gns, may, without notice to the MORTGAOR, deal with such s~ccessw or successw in interest w~th ?eference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or diuharging the Mortgagors' IiaDility here u~der a upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on ~he part of the MORTGAGEE w its successors or sssigns and no extension of the time for the psyment of the debt hereby secured given by the MORTGAGEf or its successus w au~gns, shafl operate i lo release, d~scharge, modify thange or affect the o~ig~nal liab~l~ty of the MORTGAGOR herein, either in whole or in parl. 10. It is spec~fically agreed that time is of the esxnce of this comract and that ~+o waiver of any ob~~gation here~nder w of the obtigation sr- tured hereby shall a~ any time thereafter be held to be a waiver of the terms hereof or of the instrument tecured herby. 11. tn add~tion to the forego:ng monthly payments of princ pal and ~~~erest required by the prom~ssory no!e secured hereby, mortgagor covenants and agrees lo pay to mortgagee vvith each monthly payrnent an add~~ional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of 1he follow- irg: A-A~I real property tazes levied or assessed against the above descsibed resl estate. B-Prem~urns on fire and windstorm insurance as here~n requ:red to be tarried on the improveme~ts shuate ar: fh; n~v+~e desaibed premises. 'i C-Prem~ums on such mortgage guaranty insurance as mortgagee shatl from t~me to time deem fit to carry on 1he loan secured hereby. ( Mortgagee sfia!I f~om time to time notify mortgagor in writing of the amount due and p yab~e hereunder and such sum shall thereupon be due and ~ payable on the due date of the next month:y payment and each svccessive month thereafter u~til mo?tgagee shall notify mortgagor of a change i~ such amount. Such sums sF.ail be applied by matgagee toward the payment of real property taxes, insurance prem,ums, and mortgage guaranty insurance ~ premiums. !N ITNESS WHER , the AGOR has he?eunto set his hand and seal the day ~nd y r first afore ' ~ qLd. Seal a i ' t esence of: aq ~ e er . an c5~.~ - ~ = cs..n . Z~'~Iadys . an e ~s~,n STATE OF7iD~t MICHIGAN ~ S5. couNn oF ~AyN~ def«e me penonatly appeared P ter L Van Hulle and Gladvs L. Van Hulle his wife, to me well known ~nd krawn to me to be tl» individwb described in and who executed the foreyanp instrument, and acknowledped before me that they executed the same fw the p~rposes ?he.ein .xpre,xd. e~nd rh. saia Gladvs L. Van Hulle wi(~ of ~M said Peter L. Van Hulle , ~pon • separate snd priv~t~ ~ exam~n+Yan by me taken separate and apart from her said husbsnd, ~cknowledged to •nd before rrw that sM execWed said iiutrumeret freely and volv~- tarily and witFwut ~ny compulsan, constraint, apprec~iL/rf.l~f feu of or from her said husband. WITNE55 my hand and offic~al seal thK d~y of V~ A. D. 19-~ PuNic in s at oi Cj{I~'~j~j Comm~uion e n ~ N Return To: m ~ ~ ~ fint Federal Savirys 3 loan Aswtiation , ti C ~ ~9s ~ ' ~ ~ r Of FO~t P;erce. ~ ~ m fort Picrca Floiida uWR~~',. VC~~~ - ~~7 A ~ NObry Pubfic; I~'lacbmb County. My!!e: n t'~ D Attinj Jn ~W~yne Counry = n~~ ~ m Z . My GmmM~oti ExPirq Jui~ 11,1~' .1 c~' O~ n v _ cV ~ W ~O~ This Instrument Prepared By Jaa~s D. Chastain . l'~• Z m First Federal Savings d~ loan Association ~ r ~;~-1p of Fort Pierce , Rlorida ,f' ' •J~ ~ c v, ~ o . . . ~ ~ 7~m -a t D ~ ~ eoR,178 ~~,~i934 ~ f ~ ~ ~ ~ ~ - ~ ~ ~$wS"'-;Y~^-".'a ...s . ~.....x~ _ .r..» . _ ,-v5'L.~S.~_. _ ~