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Home My WebLink About1717 3. To place and continuously keep on the 6uitd~ngs now or Aereafter ~ituate on said land and on al~ eq~Ipment and personally cover~d by ~hii mortg~ age, w~th all p~cmiums thrreon pa~d in full, lire insurance io ~he vi~al ssanciard po~rcy form, in a s~m appro~ed b~ the MORFGAGEE, a~d w~ndstorm i~suronce in the usual ~tandard pol:ty toun, in a sum approved by ~he MORTGAGEE, io tuch company or companles as ~he h10RTGAGEE may dirK~; a~d aN fire ano w~ndsrorm insurance policies or? a~y of said build~ngs, •ny interest therrin or pa~~ thereot, in the aggrega~e sum ~forcsaid or in excess thrr~of, shall co+~~ain Ihe usual s?a~zdard ma~9agee clause or such otFu~ clause as the Mortgagee may ~equ~rs, maling the less undcr said pol7- cies, each and every, payab~e to said A10RTGAGff as its interest may appear, and each and eve~y such pul~cy shall be promptly ass.gneJ a~d delive~ed to ? any held by sa~d MORiGAGEE es (ur~her security to sa~d mortgage drbt. and, not less ~han ten (10) days in ad~ance of ~ha e:pirat~on of each policy, to da + I~ver to sa~d MORTGAGEE a renewal thereof, toge~her w~th a rece~pt fw the p~emium of svch renewal; and tf~err shall be no i:re or windstorm insurance placed on any of sa+d build~ngs, any intercit therr.n w pa~t thereof, unleas in the torm and with the loss payabte as afaesaid; and in ?he eveM any s~m of money becomei payable under such policy a policies said MORTGA6EE sh~ll have ~he option ~o rece~ve and appty ihe same on account of the indebtad- neos aecured 6ereby w to permit said MORTGAGORS to «cei~e and uss it or any part Ihereof tor oTiier purpoirs, w~~ho~t ihr~o~ wa~ving o~ ~mpair- ing any equ~ty, I~en w rght under a by vir~ue of this ma:tgage; and in ~he even• 1 MORTGAGORS.shatl to? a~y reason fa~l to keep the said premisrs w insured, or fait to deliver pron,ptly any of said pol~cies of insurance to said AR -.GEE, or fai! prompily to psy (uily any premi:,m therefw or in any respect fail to perfam, d~scha~ge, execute, ef(ect, complete, comply wi~h ar+d ab~de by this covenanf, w any pan hzreoi, sa~d h10RTGAGEE may pl~ce and pay fw such in~v~ance or any part thereof w~thout waiving w affecting any op~ion, lien, equ~ty, or righ~ under or br v~rtue of this Moregage, and rhe tuil amount oi each and every such payment shall be immediately due and payable snd shall brar interesl from the date the~eof uniil pa~d a~ the rate ol nine per centum pet annum and to~ethe~ with such inte~est shali be secured by ihe lien of th~s nwrtgage. ~ 1. To permil, commit w suffer no waste, impairment or deterioration of said property w any part IFxreof. ~ X S. To pay all and singular the costs, charges and expenses, including a reasonabte atto.ney i fee and costs of absfracts of title, incur.ed or paid et ~ any time by said MORTGAGEE, because o+ in the evenf of tFie failure on the part of the said MORTGAGOR to duly, p~ompNy and fully perform, d~scharge, ~ execute, efiect, complete, comply..~r+th and ab:de by each and every the stipu~et~ons, agreements, cond~t~ona, and covenam: of sa~d prom~ssory note and thi~ mwtgage any or either, and sa~d costs, chbrges and expenses, each and every, shal! be immed~ately due and payable; wherher w not there be notice de ~ mand, attempt to collett or suit pending; aod the full amount of each and e~ery such paymeM ahall bear int~rest from the date thereof until paid a1 t6e ~ rate of nine per crntum per annu:n; anc~ all said tosts, charges and eapenses incurred w paid, logether w~th such ineerest, shall be set~red by the litn of this ~ mortgega ~ b. That (a) in the event of an breach of thia Mort ~ y gage or default on the part of the MORTGAGOR, or (b) in the event any of satd sums of money } herein refe.red to be oot promptly and fully paid wirhin th~rty (30) days neat af~er the same :cveralty beco~ne due end payabte, withour demand o? notice, i or (c) in the even! each and every the st;pularions, agreemtnts, conditions a~d covenants of sa:d promissory note and th~s mortgage any a Nther a~e no1 ; iufy, promptty a~d fully performed, d;scharged, exec~~ed, elfected, compieted, compl~ed with and sb~ded 5y, then in e~ther w any such event the said ag gregate sum mentioned in ~aid promissory note then remaining unpald, with ente~es~ acuued, and all moneys secured hereby, shalf become due and pay able forthwith, w thereafter, at the option of said MORTGAGEE, as tuily and completety as ii a11 oi the said s~ms of money were originally st~pulated ~ to be pt+id on such day, anything in sa~d promisswy oote or in this Mwtgage to the contrery notwfthstanding; and thereupon or thereafln at the option of i sa~d MORTGAGEf, w+rhout not~ce o? demand, su~t at law a in equity, therefore or the~eatter Negun, may be prosecuted as if all mc~eys secured hereby ~ had matured pr~or to ~ts institution. j a 7. That in the event that at the be9inning oF or at a~y time pending any suit upon th~s Mortgage, w to iweclose it, or to ~efwm i~, or to enforte ~ payment of a~y claims hereunder, said MORTGAGEE shall appty lo the Cou~t having jurisd:ction thereof for the appo~r,tment of a Rece~ver, such Court sF~all Forthwith appoint a receiver oF said mortgaged prooerty all and singular, includ~ng all and singular the income, prol~ts, issues and revenues (rom whatever scurce derived, each and every of wh~ch, it being expressiy understood, is hereby mor~gaged as if spec;fically set fonh and described in the granting and ~ habendum clauses hrreof, and such Receiver shall have all the broad and eifective funct.ons and powers in a~yw~se entrusted by a Cou~t to a Recriver, and s~ch appointment ahall be made by s~ch Court as an admi~ted equity and a malter of ab:ofute righi to wid MORTGAGfE, and wirhouf reference to the adequacy or inadequacy of the value of !he property mortgaged or to tfie so~vency or ~nsolvency ot sa~d MORTGAGOR o~ the defe~dants, and thal ~uch rents, prc,fits, income, iuues and revenues shall be appiied by s~ch Receiver accord~ng to the lien w equity o( said MORiGAGEE and the practice of such Court. B. To du(y, prompfly and (uIly perform, discharge, execute, efied, complete, comply with a~d abide by each and every the stipufations, agreements, conditions and covenanfs ~n sa~d promissory note and this mortgage srt fo~th. - 9. That in 1he eve~t the ownership of the rtwrtgaged premises, o? any part thereoE, 6ecomes vested in a pe~son othar than the MORiGAGOR, the t MORTGAGEE, irs successors and assigns, may, wirhout norice to the MORIGAOR, deal with such successw a successor in interest with reterence to this ~ mortgage and the debt hereby secured in the same manner as with Nbrtgagw without in any way vitiating or d~scharging the Nlortgagors' liability here~ i under w u n the debt hereb secu:ed. No sale of the emises hereb mort a ed and no forbearance an the ~ P~ Y p~ y g g part of tne MORIGAGEE o? its successors or ass~gns and no exte~sion of the t~me fcr the payment of the debt j:ereby secured given by the MORTGAGE'_ or its successors or assig~s, ahall operate to reiease, d~scharge, modify change or affect the original liab~l~ty of ti~e MORTGAGOR herein, either in whole or i~ part. 10. It is specifically agreed thal time is of the essence of this contrad and that no waiver of any obt~gatipn here~nder or of the oblgatiort sr cured hereby shaN at any time th~reafter be heJd to be a waiver of tht terms Aereof or of the instrument secured herby. 11. In add:r;oa to the forego:,~g mon:hly paym^nts of princ'pal ar.d interest requ~red by the p~om~ssory no!e securrd hereby, mortgagor covenants and agrees to pay to mo:tg~gee with each monrhiy payrnem an add~~ional sum est~mated by mortgagee to be equal to 1; 12 oi the annuai cost of the ioliow- ~ng: A-A!1 real property taxrs levied or assessed against tFc above descrihed rtal estate. ~ B-Prem~ums on fire and windstorm insurar.ce as here~n reqv;red to be carried on the ]mproveme~ts situate on the above desaibed premises_ C-Premiums on such mo~tgage guaranty insurance as mo~tgagee shall from t'me ro time deem fit to carr~-on the toan secured hereby. } JVfortgagee sha'1 from time to t~me notify mortgagor in writing of the amouret due and payable here~rtdrr and such sum shall thereupon be due and Fayabte on the d~e date of the next month!y payment and each successive month thereaft:r u:.til mortgagee shall notify rr~rtgagor of a thange in such amount. Such su~ns sFaii be app!ied by mortgagee toward the payment of real property taxes, insurance prem:ums, a:yd mwtgage guaranty insurante prtmiums. IN WITNESS `l/HER f, th said MORT AGOR has hereu~to set his hand and seal thr and year first aforesaid igq~Seal rv he ce of: _ ~ ~l'~,~,~ . ~ L~il~Q-(. a~ _ i ess J se A. Pode s ey aij ~ . wit ess / atherine Padereskey ~i~ ; STA'~.pF {~fli~ ~ COU ~TY OF ~ ~ ~ ~ f Befwe me per y sppeared iogQt~'~h A_ PcxlPrPCj~PV ~ a hPrinP Pnc~1PrPGk~ his wife, to me well known and known to me to bs i : the individuals desuibed in and who x ted he fo~g insr(ument, and acknowledged before me that they executed the same for the purposes ~ ' ~herein expressed. And the said ~a~erll~ YO"ereSKBy ` wife of the said Joseph A. Podereskev upon a xparate and priv~t~ i examination by me taken separate and apart from her said husba~d, atknowledged to and before me that she executed said instrvment freely a~+d volvn- ' s rariiy and without any compulsion, constraint, apprehenaion, oc~ fear of w f~om her uid hus d. ^ _ (YC~l~ll~ny and official seal this ~'~'L` day of /L A. D. 19~_~L_._ ~ CQt1NTY ~ ; z• , ' i _ , . ~ ~~~~a Retum To: i,~. ~ ~1itlW YOf~C ~ ~~,~+~1 • t Fini Federal Savings a loan n~~~ar~o~ ~EO. 3I•37f~~5~r ` ~~ti ~„f"; ~ Of Fort P~erce. ~ ~ i~ ~ ~t ~~t~( ,~~f~_="! t y~, ~ . ! Fort Pierce. F!wida r}r,`Y,r 84 ~cliCft 3~ 3 . ; - - ~ r t - - i ' ~ This Instrument Prepared By J. D. Chastain ~ . ~ . . ~ - First Federal Savings & taart Association . ~ _ of Fort Pierce ~ ~a~ • Checked By 8oox~~~ ~?~1~j1~7 - ~ ~ _ ~ ~v~ _ ~ ~