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Home My WebLink About2420 9. To place and conrinvously kcep on the bui:d~ngs nuw w heresfter ~~wate on said land and on all eq~ipmant a~d personally tovered by this morlg- sg~, w~th all premium• thereun pa.d in fuli, firo i~surance ~n tha usual stardard po~~cy form, in a sum approyed br the MORiGAGfE, and winds~orm ~nsu~anca in ths usual s~anda~d pot:cy tam, in a sum app~ovcd by ~he MORiGAGEE, in ~uch compa~y or compa~ief as fhe MORTGAGEE may direct; and all tire end w~ndstorm insu~ance policics o~ any of ~a~d build~nps, any interest therein or part thereaf, in the aggregare sum aforesaid w in excess lhereof, ahall contain ~he usual sta~idard mortgagee clause or such other dau:s as the Mortgagee may requ~rs, makirtp tl~e toss under sa~d polr c~e~, each a~d eveiy, psyable ~o said MpRTGAGEE as ~ts interest may ~ppear, and cach and every such poi~cy sha11 be promptly ass.gned and delivered ~o any hcld by said MORTGAGEE a~ tu~ther secu~ity to said mongage debt, and, ~ot leu than ~en (~0) days in advance of the expirarion of each pol~cy, to da I~var ~o said MORiGAGEE a re~ewal thereof, roge~her with a ~ete~pt fo~ the premium of svch renewal; and there shall be no f~re o~ wir.ds~or.n insura~ce placed on •ny of said buildings, any interest therein u parl thcreol, unlesf in the form and with the loss payab~e as alaresaid; and in Ihe event any sum oi money becpr~es payable undK such poliq a pol~cies uid MORTGAGEE shalt Aave the opr~on to recci~•e and apply the same o+? accoun~ of ~h~ indebted~ ness secu?ed haeby w to permit said MORTGAGORS ro reeeive ~nd u~~ it a any par~ thereof ior orner purposes, .•.I~hout thrre o~ wai~~ng or u»pa~r ing any equ~ty, I~en w r~ght under or by virt~e of this mo:tgage; o~d in the evenr sa~d MORTGAGORS shall for any reason fail to keep the sa~d premises w insured, w tail fo dc~iver promptly any of said policies oi insuisnte to said MORTGAGEE, w fail pron~ptly to pay fu!!y any pre~nium tnerefor or in any respect fail ro pe~fam, discharge, ex..~cute, eifect, camplete, comply with and ab~de by this covenant, o~ any part Fk:reoi, said MORiGAGEE may p(~ce and ' pay fa such insurancs or a~y part thercof without waiving or affecting any opriort, lien, equ~ty, or ~;ghi unde? a by virtue of this Mortgage, and lhe 1v11 amount of each and every such payment shall be immediately due and payable and shall bear interesl frem the date thereof until paid at the rate ol nine per ce~tum per annum and toyether wi~A such interest shali be sacured by the lien of this mortgage. 1. To permit, commit o? sufier no waste, impairrt~nt or deterioratio~ of sa~d property or arty part thereof. 5. To pay alI and singuiar the cosls, charges and exptnses, inclucling a reasonable a~twney i fee and coats of abstracts of title, incurred or paid af ~ eny time 6y sa~d MORTGAGfE, because w in ~he event oi tlx failure on the part of ihe said MORTGAGOR ~o duly, pranptly and futly perform, d~scharge, execute, e~fed, complete, comply w~th and ab:de by each and every the st~pufa~~ons, ag~een,ents, cond~tions, and cove~anes oi sa,d p,o,n;sso?y note snd ~his ; .rortqage any w ei~her, and ss;d costs, chsiges and eapenses, each and every, shall be immed~ately dve and payable; whether o? not there be no~rce de mand, attempt to collect or suit pend~ng; and the full amount of each and evcry such payment shall bea. inferest from the date thereof until p~id ~t the ~ r.~te of nine per centum per ann:,m; arx3 ali said costs, charges ond expenses ;ncurred o~ paid, Iogether w~th :uch interest, shal) be setured by the lien of lhii ; mwtgage. 6. That (a) in the event of any breach of this Morlgage or default on the part of the MORTGAGOR, or (b) in the event any of said sums of rtwney ~ herein refe~red to be ~ot promptly and fully paid wi~hin thirty (30) days ne,et after the same seve~ally become due and payable, without demand w ~etice. = or in the event each and every the stiputations, agreements, condiriuns and covenants ol sa d promiszory ~ote and ~h~s mortgage any w either are not ~ ~uly, promprly and fully pertormed, d~scha~ged, executed, effeUed, completed, compGed with and abided 5y, then in either or any such event tM saSd ag- ~ gregate sum menrioned in sa~d pao+nissory note lhen remaining ~npa~d, with interest accrued, and atl moneys secured hereby, shall betome due and pay- able iorthwith, w thereafter, at the opt~on of said MORTGAGEE, as fulty aixl completely as if all of the said sums of money were originally stipu{ated ~ ro be pa~d on :uch day, anything in sa:d p~om~ssory ~ore or in this Mortgage ~o the contrary notwirhseand~ng; and thereupon a thereafter a~ the optio~ of # said MORTGAGEE, without not~ce or demand, suit af law or in equity, therefwe w thereafter begun, may be p:osecuted as if all moneyi aecured hereby nad maWred pnot ~o its institut~on. 7. That in the event that at the beginn~ng of or at a~y time pend~ng any su~t upon this Nb~tgage, a to foreclose it, or to reform it, or to enFo?ce payme~t of any cla~ms hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof (w the appoimment of a Receiver, such Court shsll forthwith appoint a receiver of said mortgaged prooerty al) a~d singular, includ~ng all and singuiar the irtcome, prof~ts, issuts and revenues from whatQVer scurce derived, each and eve~y af wh;ch, if be~ng expressty unders~ood, is hereby mortgaged as if spec~iically set (orth and described in the g~anring and habendum ctauses hereof, and sucfi Rece~ver ahall have sll tne brwd and effective fun;t~ons and powers in anywise entrusted by a Court to a Receiver, and s~.h appoiNment shall be made by such Court as an admittrd equity and a rtwper of absolute rigM to said MORiGAGEE, and without referente to the edequacy or inadeouacy of the value of ehe property mortgaged or to the sotvency or insolvency of said MORiGAGOR a the defendants, and ~hat such renrs, profits, income, issues and revenues shall be appiied by such Rcteiver accord~ng to the tien w equity of said MORTGAGEf and the p~actice of such ~ tourt. 8_ To duly, promptly and fully perform, d~uharge, execu~e, effect, complete, comply w~th and abide by each aod every the stipulations, agreements, 4 conditions and covenants in sa~d promissay ~ote and this mortgage set forth. 9. That in the event the ownership of the mortgaced premixs, w any part fhereof, becomes vested in a perso~ o}her than the MORTGAGOR, the h!OR7GAGfE, its successors and assigr.s, may, without norice to the MORTGAOR, deal with such successw a successor in interest wifh reierence to this mortg;~ge and the debt hereby secu.ed in the same manner as w~th Mortgagor without in any way vit~ati~g w dixharging the Mongagors' liabiiity herr under or upo~ the debt hereby secured_ No sa~e of the F~emises heieby mo.lgaged and no forbeara~ce on ~he Fart of 1he IJIORTGAGEE w its suctesson or assigns and no eztension of the time fw the payment of the debt hereby secured given by the MORTGAGE'_ or its successors or auigns, shall operate to release, d~scharge, modify change or affect the original liabitity of the MORTGAGOR herei~, either in whole or in part. 10. It is speuficatly agreed that time is of the esse~ce of this contract and thaf na waivei of any obliga~~on hereunder w of the obligation sr cured hereby shall at any time thereafter tx heSd to be a waiver of the terms hereof w of the instrument secured herby. 11. In add t;e~ to the fo~ego:ng moMh!y paym=nts of princ'pal and interest required by the prom~sscry no!e secured hereby, r.rortgagor covenants and agrees to pay t~ morrgagee w+th each monthty payr,.rnt an add~rional sum est~m,ared by mortgagee to he equal to l,' 12 of the annual :ost of the follow- ing: A-All real property taxes lev~ed or assessed agair,st ihc above described real estate. B-PldTUW:1S O~1 fire and w~ndsrorm ~nsu~ance as herein requ~red to be carried on the Improveme~ts situate on th~ above descr;~d premises. C-Premi~ms on svch mortgage gLaranty irtsvra~:ce as morrgagee shall from t:me ro time deem fit to car~y on the loan secured hereby_ Mortgagee s~a:: .'rom t;me to t;me notify mortyagor in wr;t~ng of the amount due and payable hereundrr and such sum shall thereupon be due and Fayab~e on the due date of the next month;y payment and each success~ve month thereafter ur.fil mortgagee shall notify mortgagor o4 a change in such amoum. $uch sums sFa:( be appiied by mortgagee toward the payment of ~ea! property taxes, insurance prem:ums, and mortgage guaranty insurance p'emiums. IN WITPJE55 YJHERcOF, the said M RTGAGOR has hereunto set his hand and seal the day and year first aforesaid. • 3 5" , Seat and d 1" red i e presence of: . _ , aq - - (SeeQ i --!SeaO ~Seal) I ~ SiATE OF FLORIOA ! COUNTY Of _ St . LLiCle ~ ~ ~ s . . a~ _ j Befwe me personally appeared Dona ld E Sp 1 - i Elaine $OZI his wife, to me well known and known ro ms fo bs ~ ~ the ind;viduals desvibed in and who executed the foregoing instrument, and scknowledged befwe me that they executed t1?a sa'++e'ior tM pvrpoaes ! rherein expreued. And the said filaine SOll ~ ' ? ~ ~ . F ~ rviie of the said Donald B 5~071 ,~~^,,•vpon a seQarate ~?d privats + ' examinatwn by me taken separstc and aparl f~om her sn~d husband, acknowledged to and before me that she exetuted s~i~l irauume~t.f~ael~'end volur~- ~ rarily and witbout any compulsan, constraint, apprehens:on,'oc fear of or from her taid husband. : t ~ WIThESS my hand and official seal this ~ ~ f ~ day of DeCembeZ ,'A, D..19t69 ~ ^ y % = ' Notary Public in and for the $tsfe of_ f~orida at larps My Gomm~ss~ expires: -3- . Return To: ~ ~~3 ~ - : Fint Federal Sa~ings 3 Loan Association ~ F~LEQ ~ECOR~~~ - Of Fort P:erce. `;T. LUv~E ~QU~3 ~ Y. ~L'~'. r~,'l~~r. ~i~.=i~'~ ~ ; fort Pierce, Fiorida - • • ~ - ~ ~ is ~ 4r~2 • •2 ~ fi~~' ~ ~ 3 s ~ This Instrument Prepared 8y R i char d K. Kayes ~ First Federa! Sav;ngs & loan Association of Fort Pierce, Florida ~ ..~s~ ~;~i . , ~ - ~ I f N' Checked By n v ~;~_t N~C C:i~!:L'~T C:IURT Bcox 1~1 24~~ ~ cf : ; _ ~ ~ < P~ _ - _ - ~ _ ~ ~ ~ .._....,~.~~s"~