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Home My WebLink About0973 ~ : 3. To place and continuously keep on the bui!d~ngs naw or hereafter e~tuate o~ said I~nd and on all equipment and penonally torered by thi~ matg egs, w~th all premfums ~hereon pa~d in full, fire inswance in the ua~at s~andard po~~cy form, in s sum appro~ed by ~he MORtGAGEE, and windstorm insurence in the usual srandard po~~cy Fam, in a sum appro.ed by the MORTGAGEE, in such company o~ companies as the MORTGAGEE may dircth and all fiie and w~ndstorm insurance policies on any of sa~d bvild~ngs, a~y inte~est therei~ or part thereol, in the agg~ega~e sum afaesald or in excess thereof, thall contain ~he usual itandard mortgagee clause w such othe~ clause as the Mortgagee may ~equ~re, maMing the loss unde~ fa~d po~r cies, each and every, payab~r ~o said MORTGAGEE u~ts interrst may appear, and euh and eve~y iuch pot~cy •hall be promptty ass gned and delivered ?o any held by aaid MORIGAGEE as tur~her security to said mortgage debt, and, not leu than ten (10) days in advance of the expiration of each poliq, to de- ! five~ ro uid MORTGAGEE a renewal thereof, togethN with a ~eceipt fa the premium of such renewal; and ihere shall be ~+o f~re or w~ndstorm insurance ~ plsced on any of said kwildings, any interest there~n or psrt thereof, unless in the form end with ~he loss payable as aforesaid; and in the event any sum = oi money becwnes payable unde+ such policy or policies uid MORiGAGfE sh~ll have the opt~on to receive and apply the same on accoun~ of the indebted- ~ ness secured hereby w ro permit ss~d MORTGAGOStS to reteiva ~nd use it a any part Ihr:eof fw o~nc~ purNOSes, v.~~hout Ih_rio/ w~~~ing ~r ~mpair- ; ing any equity, lien or right u~r ot by virtue of this mo:tgage; snd in Ihe evenl sa~d MORTGAGORS shall fa any reason iaii to keep the said {xemises w ~ insured, a fail ro delive~ promptly any of said poliues of insurance to srid MORTGAGEE, a fail promptly ~o pay fulty any pre~n~um therefw a in any F respect lail to pe.(wm, d~scharge, cxecute, eifect, comp~ete, comply with and abide by this covenent, w any part hereoi, sa~d MORTGAGEE may pl~te a~d t pay fa such inwronce or ~ny part thereof without waiving o~ affecting any option, lien. equ~ty, or right under o~ by virfue of ~his Mwtgage, ~~d the ` f~ll amount of each and e.ery such payment shall be immediately due and payable and shali bear interest f~om the date thereof until paid at the rate ol ~ nine per centum pe~ annum and to~e~her with such ineerest shall be secwed by the lieo of this mo~tgage. ' t 1. To permit, tommit w suffer no waste, impairment or deterioration of said property or a~y part thereof. 5. To pay all and singular the cosq, ch~~ges +nd expenses, including a reasonabte attwney's fee and cost~ of abs~racti of title, incu~red w paid at ~ any tirne by said MORTGAGEE, because or in the erent of the fa~lure on the part of the said MORiGAGOR !o duly, promptly and fuily pe~fam, d~scharga. rxecute, effect, complete, comply w~th and ab:de by each and every the stipula~~ons, agreem.:~ts, conditions, and covenants of said promissory note and this , mor~gage any w e~~her, and sa~d costs, charge~ and expenses, each and every, shall be immed~ately due arw payable; whether d not there be notice d~ ± mand, attempt ro collect a suit pend~ng; and the full amount of each and every suth payment shail bea~ interest from the dat@ thereof until paid at the t rare o; nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien oi this mortgage. ~ 6. That (s) in the e~ent of any breach oi this Mortgage or defau~? on the part of the h10RTGAGOR, or (b) in the event any of sa:d :ums of money herein referred to be no? promptty and fully paid wcthin thirty (30) dsys next after the same severaity beco~~e due and payable, without demand o~ notice, or (c) in thr event exh and every the stipulations, sgreementf, conditions and covenants of sa:d promissory note and th~s morlgage any w either are nol iuly, promptly a~d iutly pe~fwmed, d~scharged, ezecuted, effected, complered, compl~ed w~fh and abided 5y, ~hen in e~ther or any such event the ta~d ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and a11 moneys secured hereby, shall become due a~d pay- able (orthwith, or thereafter, at the option of said MORTGAGEE, as f~lly and completely as ii al~ of the said sums of money were orginslly st~pulated ~ to be pa~d on svch dey, anything in sa~d p~omiasoty note or in th7s Mortgage to the con~rary ~otwithstanding; and thereupon or fherealter at the option of sa~d MORTGAGEE, w~thout notice w demand, suit at law w in equify, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby had maWred pnor to ds institution. 7, ihat in the evenr ~hat at the beginning of w at any time pending any suit upon this Mortgage, w to ioreclose it, or to reform iL or to enforce paymenf o( any ciaims he~eunder, said I1lORTGAGfE shall apply to the Court having jurisd~ction thereof for the appo~nt~nent of a Receiver, s~ch Cou~t shall forthwith appoint a receiver of said mortgaged pronerty all and singula~, inclvd~ng atl and singular the income, prof~ts, issues and reve~ves from whatevet source derived, each and every of whah, it being expressty understood, is hereby mortgaged as if spec~ficat~y set forth and deuribed in the granting a~d habendum clauses hereof, and such Receiver shall have all the b~oad and eftective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s..:h appoinsment shall be made by such Couri as an ad~nitted equity and a matter of abiolute right to sa~d MORTGAGEE, a~d without refere~ce to the ad~q~acy or inadequacy of the vaiue of the property mortgaged or to the w~venty ot inso:venty oI said MORTGAGOR or the defendants, a~d that suth renrs, profits, income, issues and revenues shall be appiied by svch Receiver accord~ng to ~he lien or equity of said MORTGAGEE and the practice of such Cc,o~t. B. To d~ly, promptly and fully perform, discharge, execute, effect, complete, ccmply with and abide by each and every the stipulations, sgr~emenri, conditans and covenants in sa~d promisswy note and this mortgage set ia~h. 9. Thal in the event the ownership of the mortgaged premises, w any part ihcreof, becomes vested in a person other than ihe MORTGAGpR, the M,ORTGAGEE, its successors and assigns, may, wirhout notice to ~he MORiGAOR, deal with such successw or successw in interest with reference to ihis rrorigage and the d<bt hereby secured in the same manner as with Morrgagor without in a~y way vitiating a dixharging the Mortgagori liability here- unde~ a upon the den~ hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its sutcessors or assigns and no extens:on of the time for the payment of the debt hereby secured given by the MORTGAGE'_ or its successws or suigns, shall operate S re release, discharge, modify change or affect tMe original Iiab~Gty of the AM1ORTGAGOR herein, either in whole or in part. ; ~ 10. It is spec~f~cally agreed that time is of the essence of this tontratt and that no waiver of any obligat~on hereunder w oi the obligation se- ~ c~red hereby shali at a~y time thereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. ~ 11. In add,t:o~ to the forego ~g monthly paymants of princ'pal and inte.est requ~red by the prom~ssory notr secured hereby, mortgagor covenants and agrees to pay ro mo:rgagee with each momhly payrnent an add~~ional sum est~rr.ated by mortgagee to be eq~al to 1~`12 of the annual cost of the follow- in~: i A-All real propcrty taaes levied or assessed against the aoove desaibed real estate. B-Prcn-.~unu on fire and windstorm i~surar.ce as herein req~~red to be carried on the ~mprovements situate on the above described premises. C-Premiums on wch mortgage guaranty insurar,ce as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby. Mortgagee sha~l frcm t~~ne to t~me notily mortgagor in writ~ng of the arr.ount due and payabie hereunder and such surn shatl thereupon be due and c 3yable on the due date of the next monthty payment and each wccessive month thereafter ur.til matgagee sl~atl notify mortgagar of a change in such ~ a^:ount. S~ch w~ns sFa'.i be applied by mwtgagee toward the paymtnt of real properry taxes, insurance prem:ums, and mortgage guaranty insurance ~ o~emiums. i IN Y~ITNESS `l~HERFOf, tfie said MORTGAGOR has hereunto set his hand and scal the day and year first afwesaid. ~ ~ Signed, Seaied and delivered in the presence . l/ ~ - ~ ' ~G'c.~~'~--r. ~ ~ 3 _ ~ ~ (Seal) ~ ~ an ; _ ~ Seaq ~ STATE O~ooococx 1~W YORK ~ ~ } COUNTY OF ~ ~ ~ ~ Before me personally appeared Willias [t. Jenzen a~ ~ ~ BV@1}Rl ~1. Jenzen his wife, to me well known and known to me to be s z fhe individuals desuibed in and who executed the foreg i trummt, and acknowledged before me tF.at they executed the same fw the purpwss ~ ~ ~ve~yn A. Jenzen r rherein exprossed. And the u~d ~ W1111d1R R. Jenzen u a s rate snd rvate ++~fe of the said _ P~ tP+ P~ ¢ e,amination by me taken separate and apart from her said husband, atknowSedged to and before me tbat she executed said instrument freely and volun- ~ rarily and w~thout any compulsion, constraint, spp ns~on, w fear of or from her said husband. •~:~`~~t~"`"j~~ : ~ . ~ WITNE55 m hand and offidal seal this ds of N10V@~@Z :~~p,~~qr. ' ~ Y 1~ ~ V - ~ ~ 2 . ~ ~ s . ~ - ~ ~ ~ • :.i. ` F;_ A ~ a ~ _ Notary Public in and fw the State of ' ~ v My Commission expires: - ~ ~ ~ } Retum To: = ~ ~ ~i ~va d. ~ C : t:: Fint Federal Savin s d~ loan Association htARnH ~~E~ 9 HOTAR1f ?UtLtC,'31+1! df p~'~' • - O~ Fort P~erce. ~ : ' No. ~1•151KtS,~~i~Pss'q - • 2. K; Fort Pierce. Florida T~~ t9~~.)~'•~ - Q: ~ t1 3 _ 30 _ 7~ ~~~~r. x; This Instrument Prepared By J. D, Chastain First Federat Savings 8 loan Association ' ° of rt Pierce~ Florida N= ~ t:° Checked By . ~ ~ ~ ~ PACE-. ~ . . 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