The URL can be used to link to this page

Home My WebLink About1578 3. To place and continuousty keep on the bui!dingi now a hereafta s~tuate on said land ~nd on all equipment and personaliy cove~ed by thi~ morty- sgs, wlrh all prem~ums tt~ercon pa~d in full, tire insurance in ~he usual standard poticy io~m, in a~um approYrd by the MORYvAGEE, and winds~wm insurance in the ususl ~~andard pol~cy form, in a sum approved by ~he MORTGACEE, iri such compa~y or compan~es as ~he MORTGAGEE may direct; and all fi~s and w~ndsto~m insurance policies on any of said b~ild~ngs, any interes~ therei~ or part thereof, i~ ~he aggregate sum aforeiaid or In excess thercof, shal) ca+tain the usual standard matgagee ct~use or iuch o~hsr dauss ~s tne Mort~agea may requirs, makiny the loss under sa~d poli- cies, each and evc~y, payab~s to said MORTGAGEE as i~s ime~esf may appc+r, and each and every such pot~cy shall be promptly ass gned and delivered ~o •ny held by sa~d MORTGAGEE as furthtr sec~rity to uid mwtgage debt, and, ~ot les~ ~han ten (101 days in advance o( the expiration of each policy, to ds- live~ to said MORTGAGEE a renewal thereof, together with a receipt fw tF?e premium of such renewal; and ~here sFull be ~o f~re o~ winds~o~m insu~ance placed on any of said b~rildings, any interest therein or part thereof, unleu in the form and with the loas payabfe as aiwesaid; a~d in the evtnl any ~um of moncy becon+es payable under iuch policy w policies said MORTGAGEE shall have the op?~on to receive and apply the same on accounl oi the indebted- neu setuted hereby w M petmit said MORTGAGORS to receive ~nd us~ if q any parl thereof ior ot}x~ purposes, ~v~~hout thrrcb~ waivi:i~ o~ ~mpau- ir+g any equity, lien ot right under or by virtue of this mo:tgage; ~nd in the event said MORTGAGORS shall fw any reason iail to keep the said p~emises w insured, or fail ro deliver promptly any of said pol~cies oi insurance to said MORTGAGEE, a fail promptly to pay fully any prem~um therefw a in a~y resped (ail to periwm, discharge, execute, e(~ecL complete, comply with and ab+de by this covenan~, or any part hzreoi, said MORTGAGEE may place ar.d pay id such inwrante or any part thereof without waiving w affecling ~ny option, lien, equity, w right under w by virtue of this Mwt9ags, and the fuil amouot oi each and every such payment shall be immediately due and payable and shall bear Entereet from the date thereof until paid at tM rote ol n~ne pet cenwm per annum and togetF~er w~th such interest shall be saured by Ihe lien of this mortgage. 4. To permit, commit or suf(er no waste, impairment w deteriwation of said property or a~y part thereof. S. To pay all and singular the costs, charges and expenses, irxluding a reasonable anorney's fee and costs of abstracts of title, incurred o~ paid at any time by said MORTGAGfE, because or in the evenl of the failure on the part of ~Fx said MORTGAGOR te duly, prort,ptly and fully pe~(orm, d~scharge. exec~te, effetl, compfete, comply w~th a~d ab~de by each and every the stipulanons, agreements, conditions, and covenaNS of sa~d promissory note and thi~ mortgage any o~ either, and sa:d costa, charges and expenses, each and every, shall be immediately due and payable; whrther or not there be notice de mand, attempt to coltett or suit pending; a~d the full amount of each and every svch payment shall bea. interest from the date lhereof until paid at th! rare of nine per centum , er annu:r+; and all wid costs, charges and expenses incurred w paid, together w~th ~uch interest, shall be setured by the lien of this mortgsge- 6. That (a) in the event of any breach of this Mortgage or defaulr on the part of the MORTGAGOR, or ;b) in the event any of satd sums of money herein referred to be not promptly and fully paid within thirty (30) days next after the same seve:ally become due a~d payab!e, without demand o? notice, or (c) in the event each and every the stipulations, agreerrKnts, conditions and covenants of sa~d promissory note and th~s mortgage any or either are not ~uly, pranpHy and futly per(amed, d~scharged, executed, effected, completed, comp?~ed wi~h and abided Sy, then in e~~her w any such event the said ag gregate wm menrioned in 3aid prc~missory note then remaining unpaid, with interest accrued, and aIl moneys secured hereby, shalt become due snd pay- ab~e forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and completely as il all of the said s~ms of money were or~ginally tlipulated to be pa;d on such day, anything in sa;d promisswy note or in Ihis Mortgage to Ihe co~trary notwi~hstand~ng; and thereupo~ or thereafter at the option of sa~d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereaiter begu~, may be prosecuted as if all moneyi secu~ed Ixreby had matured pnw to ~ts institution. 7. That in the event rhat at the beginntng of or at any time pe~ding any su+t upon thi: Morfgage, w to foreclose it, or to reform it, or to entores p~yment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~cfion thereof ior the appo~ntment of a Receiver, such Court shall iorthwith appoint a receiver of srid morsgaged prooerty all and singular, includ~ng atl and singuiar the income, p~ofits, issues and reven~es from whatever source derived, each and every of wh~ch, it being expressly under;tood, is hereby mortgaged as if speu~ica(ly set fath and desuibrd in the granting and habendum ctauses hereof, and such Receiver shall have all the Fxoad and effective funct~ons and powers in anyw~se e~Irusted by a Court to a Receiver, and s~ ch appointmenf shall be made by such Court as an admitted equity and a mat?er of absolute right to said MORTGAGEE, and without reference to the adeqvacy a inadequacy oi the value of the property mortgaged or to the so~vency or inso~venty of said MORiGAGOR or the defendants, and that such renrs, profits, income, issues and revenues shali be applied by such Receiver according to the lien or equity of said MORTGAGEE and the pradite of such Court. 8. To duty, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each a~d every the stipulations, agreements, conditions and covenants i~ said prom~ssory note and this mortgage set forth. 9_ That in the event the ownership of the mortgaged premises, w any parf thtreof, becomes vested in a perwn other fhan the MORTGAGOR, tM h1QRTGAGEE, its successws and assigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with refcre~+ce to thit mortgage and the dcbt hereby secured in the same man~er as with Mortgagw without in any way vitiating or d+scharging the Mortgagors' li~bility hera- ~nder or upon the debt hereby secured. No sale of the premises hereby mo~tgaged and no forbearance on the part of ~he MORTGAGEE a its suctesson or assigns and no exrension oF the time for the payment of the debt hereby secured given by the MORTGAGE~ or its successors or auigns, sMll operate ro release, d~xharge, modify change or affect the wiginal liab;lity of the N10RTGAGOR heretn, either in whole w in part. 10. It is spec~fically agreed ~hat time is of the essence of this contract and that no waiver o( any obl~gat~on hereunder or of the obfigation st cured hereby shafi at any time thereaftcr be hefd to be a waiv~r of the terms hereof a of t!x instrument secured herby. 11. In add:tion to the faego:ng monthly payments of princ'pal and inte~est ~equired by ~he prom~ssory note sec~red hereby, mortgagor covena~ts and agrees to pay to mosrgagee with each monthly payment an addnional sum estimated by mo~tgagee to be equal to 1/ 12 of the annual cost of the follow- in~: A-AII r~al croperty taars levied or assessed agai~sf lhe above described-real esfate. - B-P~emiurns on fire and wir.dstorm i~surance as herein requ~red to be tarried on tha improvements situate on the above described premises. C-Vremiums on such mortgage guaranty insurance as mortgagee shall from ume to time deem fit to carry on the loan secured hereby. Mor!gagee shail from ti~ne to fime notify mortgagor in writ~ng of the amount due and payable hereundrr and such sum shall thereupon be due and r3yable on the due dare of the next momhly payment and each successive month thereafter urtil mortgagee shall notify mortgagar of a cha.~ge in such ! a~ount. Such wms sF.afl be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurante f p.emiums. I IN WIT SS WtiE OF, th said MORT6AGOR has hereunto set his hand and seal the day and year first afwesaid. ~ Signed a~ e i in .the prexnce of: / E l ~ c~-,n ~ ~ _ / _ . ~ , - . , ~ - ~ - I ~ STATE OF FLORIDA . ' ~ $ t . L.i1C 12 ~ , ~ ~ COUNTY OF' - - - . _ Before me personally appeared Barnev A. Hn111S - ~ - aod~-= ~ Barbara J. Hollis = ~ ~ _ his wife, to me well kr?own ~wd_ known fo me fo,{~4_; ' the individuals described in and who executed the foregoing instrument, end acknowledged before me that they executed ttse _aerhe -fOr ~lx: pur~ei~ ' rherein expressed. And tFK ss~d Barbara J. HOILIS _ i; ~ Barney E. Hollis v.. ~ wife of the said P«+ f"Sef~~f!t~~P,(~~K - ~ examinat~on by me taken xparate and apart from her said husband, acknowledged to and befwe me that sF~e executed seid instrurtr_nt,'f~eely, and voiun- ' ranly and w~thout any compul:ion, constraint, app?ehensi n,?F feu of w from her said husband. ~ , ~ WlTNESS my hand a~d otficial seal thi - day of e er A. D. 19~_ ; llu~- Notary blic in and for the State of Florida at larye ~ My Con?miuion expires: a Return To: . ~ first federal Savings 3 loan Associat~on ;i~iTARY FLuUC. STATE CF FLCi3::~u A7 lAA::~ z; Of Fort P~erce. r~l1Y COMMISSION EQX~PpIRES i~~V. lti, ~y<< f~LED HNV •~~v~~`~~4TELNOR9. ~ Fort Pierce, flwida Y ST. LUCIE COUNTY. F'La- ~ ~~_C~~p VERIFt~D This Instrument Prepared By J. D. Chastain ~~V~JO s First Federal Savings ~ Loan Association 2 ~ of Fort Piercy Florida ~69 ~~C 9 ~ ~ ~ . ~ ~ ~ ~ Checked By ' Ag ; ~ ' CLERKjCIRCUIT COURT' ~ BOOK1~~ PAGE15 78 cf ~ ~ ~ = ~ . ~v~LL: ~°f