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Home My WebLink About2934 i r 3. To plac~ and contlnuouily ke~p on the buildings now w hereaftN situate on said fand and on-ali cquipment ~r?d personally covered by this mortp- ~y~, with all premivms thereon paid in (ull, fire insura~ce i~ the us~al sta~ds~d policy fwm, in a sum approved by ths MORiGAGEE, and w~ndstwm inw~ance i~ the ~sual usndard pol~cy fam. in ~ sum approved by the AhORTGAGEE, in such company w companies as the MORTGAGEE may dk~dj ~nd ~I) tire and wi~dsto~m insur~nce policies on any of said buitd~nps, any interesl therein w parl thereof. in ?he aggre~ate tum ~foresaid or III ~%Gtf! ~F1QfWI, ~hall contain the us~sl standard mortga9ee clause o? such otha clause as the Matflagee may ~eqvi~~, making tM lou unda ~a~d poli- ciws, esth ~nd every, payable to said MORTGAGEE as its intNest may appeai, and each a~ every tuch policy shail be prompNy ass.yned and delivered ~o ~ny held by said MORTGAGEE ~s furthar security ro said matga9e debL and, ~ot leu ~han ~en (10) days in advance of the expiration of each policy, to da liw~ to said MORTGAGEE a ~enewsl thereof, to~ether with a reteipl fw the premium oi suth renewal; and ?here shall be no fire or windstorm insur~nts pl~ud on any of said buildings, any interest therein or part thereof, unleu i~ the form and with the lou payabte ai aforesaid; and in the event any sum of money becomes pay+Ne und~r such poliq o~ policies uid MORTGAGEE ahall Mve ~he option to ?eceive and apply the same on accouM oi the indebted- ntss secur~d hereby w to permil iaid MORTGAGORS fo receive and ~s~ N p any parf thereof for other purposes, without th:rru~ waivi:ig or impa~r- inp any equity, lien w right under w by virtue of this mat9age; and in tM event wid MORTGAGORS shall fw any reason fsil to keep the ssid premises so ir?iured, o? fafl to delive~ promptly any of said policies of insu~ance to taid MORTGAGEE, w fail promplly to pay fully any premium therefa o~ in any respact fail ro paform, discharge, execute, effect, complele, comply wi?h and abide by this covenant, a any part hereof, uid MORTGAGEf may pl~ce and pay fw such insuranc~ or ~oy part thereof without waivirq w aftectinp any option, licn, equity, w right under a by virtus of this Mat~age,` and the full ~mount ot each and tvery such payment shall be immediately dus and payable and shal! bear interest from the date thereof u~til paid at the rate of nine per tent~m pa annum and together wi~h such interest shal~ be secured by the lien of thi~ mo~tgage. 1. To permit, tomrtut w suffer no waste, impairmenf a deteraration of said property w any part the~eof. 5. To pay all and singular the costs, charges ~nd expenses, including s re~sonable atto~ney's fee and costs of abstracts of title, incurred w psid at any time by said MORTGAGEE, because d in the event of the failure on the par~ of the said MORTGAGOR to duly, p~amp~ly and fulty pe~fwm, d~uharge. execute, effetl, tomplets, comply with and ab~de by each and every the stipulations, agrcements, conditions, and covenants of said promissory note and this mortgage any w eitF?er, and said costs, cha~gei and expenxs, each and every, shall be immediately due and payab~e; whether w not there be no~Ke da m~nd, attempt to co11M w suit pending; and the full amo~nt of each and every svch psyment shall bear interest from the date thereof until paid :t ?he rate of ni~e per centum per annum; and all said costs, charges and expenus incurred w paid, together w~th such interesL shall be secured by the lien of thii monpaye. Q ih~t (a) in the event of sny brcach of this Mortgsge or default on the part of the MORTGAGOR, w(b) in the event any of said sums of money herein referred to be not promptly and f~lly paid within th~rty (30) days next af~er the same severatly become due and psyable, wi~hout demand w notice, w(ca in the event each and every the stiputations, agreements, co~dltions and covenants of sa~d promissory note and th~s mortgage any or either are not ~uly, promptly and fully perfwmed, d~uharged, executed, effetled, compieted, complied with and abided tiy, then in e~ther or any such eveM tne uid ag- gregate sum mentaned i~ said promiuwy note then remaining unpaid, with interest accrued, and all moneys secured hereb~, shall become due and pay- able fwthwith, a thereafter, at t!x option of said MORTGAGEE, as fully and comp!etely as ii all of the said sums of money were u~ginally tYpulated ro be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwi~hstanding; and thereupon a thereafter at the opt~o~ of taid MORTGAGEE, without notice or demand, suit at law ot in equity, therefore w therea(ter begun, may be prosecuted as if aIl moneys secured hereby had matured prwr to its institutioo. 7. That in the event that at the begi~ning of or st any tirt+e pending any suit upon this Mortgage, or to forectose it, or to reiwm it, or to enforce paymenf of any claims here.inde?, said MORTGAGEE shall apply to the Court having jurisdictio~ thereof for the appointment of a Reteiver, such Court shall iorthwith appoint a ~eceiver of said mortgaged proQerty all and singular, intlud~ng all and singular the income, profits, issues and revenues from whatever tource derived, each and every of whlch, it being expressty understood, is hereby mortgaged as if spec~fically ut fath and described in the granting and habendum clauses hereof, and such Receiver shall have all the b?oad and effective funct~ons and powcrs in anywise entrusted by a Court to a Receiver, and tuch appointment shall be made by such Court as an admitted eq~ity and a matter of absolute right to said MORTGAGEE. and without reierence to the adeq~acy w inadequaq o( the value of the property mortgaged or to the wrvency or insotvency of said MORiGAGOR w the defendants, and that such rents, profits, income, iu~es and revenues shall be applied by such Receiver accord~ng to the lien w equity of uid MORiGAGEE and the practice of such CouA. ~ J 8. To duly, promptly and f~lly perfwm, discharge, execute, effect, complete, comply with ~nd abide by each and every fhe stipulatiau, agreemenfs, tonditions ~nd cove~ants in said promissory note and ihis mortgage set forth. 9. Thet in the eveM the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuws and assigns, msy, without notice to the MORTGAOR, deal with such successa or successor in interest with rrfere~ce to this mortgage +nd the debf hereby secured in the same manner as with Nbrtgagor withovt in any way vitiating a dixharging the Mortgagors' liability here- under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the /~AORTGAGEE or its successors w auigns and no extension of the time fa the payment of the debt hereby secured given by the MORTGAGEf or its successors w au~gns, shsll operate fo ~elease, d~scha+~e, modify change or affecl the original liabitity of the MORTGAGOR herein, either in whole or in put. 10. It is spec~fically agreed that time is of tha essence of this contract and that no waiver of any obligat~on hereunder w of the obligaYan sr cvred hercby shall at any time thereafter be held to be a waiver of the terms hereof er of the instrument secured herby. , ' 11. In addition to the fwego:ng mo~thly payments of princ'pal and interest required by the prom~ssory note secu+ed hereby, mortgager covenants and agrees to pay to mortgag e with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- irg: A-All real property taxe levied w assessed against the above described real eslate. B-Prem~ums on fire and win orm insurance as herein requ~red to be carried on the improvements situate on the above dascribed premises. ~ C-Premiums on such moAgage guaranty insurarce as mortgagee shall frorn time to time deem fit to carry on the ban sacured hereby. 1Nortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such s~m shall thereupon be due and payable on the due date of the next monthly payment and each successive monfh thereafter ur,til mortgagee shall notify mortgagor of a change in such amount. $uch sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and martgage guaranfy insurance premiums. ~ IN WIT WHEREOF, the said RTGAGOR has nto set his hand and seal the day and ye irst aforesaid. Se~ ed 'ver the ese~ce of: . ? ' aq or e . a n a ~ ? ' L r.sZ7 ~ osa e . na n STATE Of 1[~K MICHIGAN ~ ~ ~ ~ - C~UNTY OF defore me personally appearcd G@OlqQ B. Rd~lIIafl and ROE~1~@ .1. Rahman his wife, to me well k~own and known to me to bs the individwls desuibed i~ end who execvted the foregoing instrument, and acknowledged before me that they executed the same fw the purposes ~e~ Q~~ ~ ~ ~;d Rosalie J. Rahman Georqe B. Rahaan ~a Q,;~,t. wife of the said uP~ • s~p+!~{N~ examinaYan by me taken separate and apart from her ssid hvsband, ackrawledged ro and befwe me that she executed said irut?vmenY freely ,pnd'•vylvo- r~riiy and witFaut any compuliion, co~straiM, apprehensan or fear of or from her said husband. WITNESS my hand and official seal thi dsy of `jul .A. D..19i•~ 4 ~ ,~~~t7~. _ ; N~tsrq-Fublic i e for the S ~ e at ~Ly~` • Return Ta My ~ p f 1. 7• C ~ i' A~? fus t F e d e r+ l S avings 3 L o a n / l s s o ci a f i o n ~ 9~ j'- • Of fort Pierce. ~ ~ , " Fort Pierce, Flwida - fILEO AND RECORD~D- ~ ST. LUCIE COUNTY. FLA. RECOnp VERIFtED ~ This Insirument Prepared By J. D. Chastain 181054 First Federol Savings d~ Loan Association r~9 2 5 ~ ~ 5 g ~ ' of Fort Pierce~ Flotida ~ ~ Checked By ~ ~ P,O~ER' POITRAS CLERK CIRCUIT COURt. n~ f q BooK~78 P~~E2S31 ~ , ~ _ ,:a~ u µ _ _ - - - _ _ ,~.c;..~ ~ p ~ , Ysr' z ~ F~w~`~"r~'^;," ` _ r~ _