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Home My WebLink About0444 ~ ~ , i ' . ~ 3. To plac~ and contimro~~ly k~ep on tM bui!dinps now or h~re~fur s~tuate on said land and cn ~II equipmen~ +nd personally covaed by thi~ mort~- ~ eg~, with ~II prerr.:ums thereon paid in (uil. f~re u+surance ~n ~he usual standard policy fwm. in • sum approved by the MORiGAGEE, and winds+wm ~ inw~anc~ ie tM usw) ttanda~d poliq fam, ie • sum ~pproved by tM AiORTGAGEE, in such company or companies ss ths MORTGAGEE may ~ d'uatj ud all fi~e and w~nds~orm iow~a~ce polici~s on any of said bviW~nps, any tntae~t tt~eroin or pa1 thereof, i~ the ayyregafs wm ~(ottiaid o~ ~ in ~xcesi therwf, iMll contain tM usual itm,dard mortgagee clauie u iuch otha clause as tM Mortyayee may requ~re, makiny Ihe lou trnder ta~d po1F ~ cies, each and tvery, payable ro sa~d MORTGAGEE ~s its in~erei~ may sppear, and each ~nd every ~uch poi~cy shall be promptly su:gncd and delivered ~o any he~d by said MORTGAGEE as turtMr security to said mortgage dcbt, and, not leu ~han tun (?Ol days in advance of the expiration of each policy, to de- liver to sa+d MORTGAGEE a renewal thereof, topether with a reteipt for tM p?emium of suth renewal; ~nd there ihall be no fire or windstorm inwr+nte plaed on ~ny of said buildings, any interest tFxrein or parr thereof, ~nless in tM form and with tM lou p+yabl~ as afwesaid; and in the ev~nt ~ny sum o} mooey becomes payabte vnder such policy o~ policies said MORTGAGEE shall Mve ths option to receive and apply the same on account of the indebted- ness secured hereby O~ 1o permit aaid MORTGAGORS fo receiv~ ~nd us~ it w any part thereof for other purposes, v~iihout th:reb/ waivi~v~ or ~mpair- iny a~y equity, lien p right under or by v'utue of lhis mo:tyage; a~d in the evcnt aid MORTGAGORS sh~ll for any reason fail to keep the said premites so insured, w fail to delive~ promptly u?y of said policies of ir+surance to said MORTGAGEE, a fail promptly to pay fvlty any pre~nium thcrefp or in any respe;t t~il b pa+torm, discharge, execute, ef(etl, complete, comply wiih and ~bids by this cove~ant, w any part hereof, said MORTGAGEE may place ~nd pay fw tuth Ensurante w any pa~t thereof without waivinp or ~ffedinp ~ny opYwn, liert, e.~~ity, or right under w by virtw of this Mlortgage, and the full amovnt of ~ach ar?d every such payment shall be immcdiately dw and psyabls and ihall bear interest from the date thereof vntil paid at tM ~ate o1 n~ne per centum per annum and to~elher with suth interest shall be secured by ihs lien of this mort9sge• 4. To permit, commit or suffer no wsste, impairment or deteraration of ssid property w any part thereof. 5. To pay a!1 snd singular the cosri, cha?ges and expenses, including a reawnabte st~aney's fee and costs of abst?ads of title, incurred or paid at any time by ssid AhORTGAGEE, becaux or in the event of the (ailure on the part of the said MORTGAGOR to duty, promptly and fully per(wm, d~scharge. exaute, effecf, comptete, comply w~th and ab:de by esch and every the atipulations, agreemenn, conditions, arx! cove~ants of said promisso~y note and this mortgaga any a ei~her, and w~d cosri, charges •nd eapenxs, each and every, shall be immediately due and payable; whethe~ a not there be notice da mand, attempt to colteN a iuit pend~ny; and the (ul1 amo~nt of each and every such paymem shall bear interest from ~he date thereof until paid ~t the rafe of nine per centum per annum; and all said costs, charges and expense: inturred or paid, together w~th such interest, sha~l be setured by the lien of this mortpage. Q That in the evcnt of any breach of this Mwtgag~ or default on the part of the MORTGAGOR, w{b) in the evenf any of sstd sums of money haein referred to be not promptly and fully paid w~~hin thirty (30) days next afte? the same severally become due and payable, wi~hout demand o~ notice, or (c) in the event eacfi and every the stipulatia~s, sgreements, conditions and covenanb of sa~d promissory Res~ ~^d th~s mortgage any w either are not july, promptly and fully perfwmed, d~scharged, executed, effetted, completcd, complied with and ab~ded by, then io either or any such event the said ag~ gregate wm memioned in 3aid promisso~y note then remaining ~npaid, with interest accrued, and all moneys secv~ed Fxreby, shall become due and pay- able (onhw~th, or thereatter, at the option of iaid MORTGAGEE, as fully and completely as if all of ~FK said sums of money were aiginally stipulated to be pa~d on such day, anything in sa+d promissory note a in this 1Nor~gage to tht contrary notwithstanding; and ~hereupon or thereafter at the opt~on of , _ said MO~~a _ , w~t t not~ce w ema , su~ a aw or m~qu~ - - had matured {x~w to its institution. 7. TAat in the eveM that at the beginnirg of or at any time pending. any suit upon this Mwtgage, a to fweclose it, w to refwm it, ot to enforos payment of any claims he~eurtder, said MORIGAGEE shsll sppty to the Court having jurisd~cNon the~eoi for the appo~ntment of a Receiver, such Court sha:: Forthwith appo7nt a receiver of said mortgaged prooerty all and sinpular, inctud~ng all and singular rhe income, prof~ts, issues and revenves from whatever :ource derived, each and every of wh~ch, it beir~g expressly unde+stood, is hereby mortgaged as if speci(ically set forth and described in the grenting artd habendexn clauses hereof, and such Receiver shall have all the broad and effective fund~ons and powen in anywlse entrusted by a Court to a Receiver, and s~ch appoinrment shall be made by such Court as an admitted equity a~d.a matter of absolute right to said MORTGAGEE, and without reference to the adequacy a inadequacy of Ihe vatue oi the prope~ty morlgsged w to the solvenq o? insolvency of said MORTGAGOR or the defendants, and that such ; renrs, profits, ~ncome, iuues and revenues shall be applied by such Receiver accwding to the I'ien w equity of said MORTGAGEE and the practice of such Cours. 8. To duly, promptly and fully pe?form, dischuge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, t conditions and covenants ~n sa~d promissory note and this mortgsge ut fwth. 9. That in the event the ownership of the mortgaged premises, a any psrf thereof, btcomes vested in a person other than the MORTGAGOR, the MORTCaAGEE, in successon and assigns, may, wi~hovt notice to the MORTGAOR, deal with such succeuor a successor in inte:est with reference to this mortgage and the debt hertby secu~ed in the same manner as with Mortgagor without in any way vitisting or dixharging the Mwtgagors' liability herr under or upon the debt hereby secured. No ssle of the Fremises hereby mortgaged and no forbearante on the part of ~he MORiGAGEE w its suctessors ~ss+qns and no eatens+on of tF~e fime tw the payment of the debt hereby secured give~ by the MORTGAGEf or its successors or auigns, sfiall operate to release, dixharge, modify ch~nge w affect the original tiabiliry of tAe MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the esunce of ihis contract a~d that no waiver of any obtigat~on hereunder or of the obtigation sr cured hereby shatl at any time thercafter be held to be a waiver of the terms hereof or of the instrument securcd herby. 11. In arJd~tion to the fwego:ng montnly payments of p~inc pa1 ar~ interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: ` A-All real property taxes levied or assessed against the above described real estate. B-Prem;ums on fire and windstorm iruurance as herein requ~red to be carricd on the improveme~ri s~tuate on the sbove described premises. C-Premiums on s~ch mortgage guaranty insurante as mortgagee shall from fime to time deem fit to carry on ihe loan secured hereby. Mortgagee sha!! .`rcrn e~me to t~me notify mortgagor in writ~ng of the amouM due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the nezt monthly payment and each successive month thereafter urti{ mortgagee shall notify mortgagw of e change in such a~ounf. Such suns sHafl be applied by mortgagee toward the payment of real property taxes, insurarxe prem:umt, and mortgage guaranty inwrarrce ~ premiums. • i IN WITNE55 WHEREOF, the said MORTGAGOR hu hereunto set his hand and seal the day a~d yes~ first atwesaid. i s~'"~a 5"i~a a"d a~~- a"""° °f: FtLED AND RECOROEO ~ ~ ST, IUCIE COUNTY. FLA.: ~ • ~ ,n = ~ -~n~-..,~;,~-~~~ - . 4 ~ ~ag~- - - - " , 28 ~ '70 J~N 9 A!4 • STATE OF FLORIDA ~ couNrr oF ST• WCIE ~ < . . . Jef~p~~i~i~i'~ 1 Jr. ~ 8efore me personally appeared - - • ~ ~nd g Ruth Rlce Mitchell CLER~ ~ his wife, to me well known and known fo me to be rhr individuab d-scribed in and wlw executed the 4oregoirg instrument, and acknow{edged before me that tFxy executed the same fw tFx purposes ; ~n~«a~ ex~~d. A„d r~ .~~a Ruth Rice Mitchell ~ wife of the ssid Jefferson W. Mitchell~ .Jr. opcn a sepa?ate ~nd private ~ examinstion by me taken separate and apart from her said husbsnd, atknowledged ro•nd befo~e me that she exetuted uid instrunxM freely and volvo- ` tarily and w~thout sny compuision, constraint, apprehe 'on, o fear of or from he? said husband. ~ WITNE55 my hsnd and official sesl tF?i day of Janu D. 19~_ - - t~ry Public in ~nd for the State of Florida af larye - My C«nrnission expires: ' Re~rn To: ' ' ~~~~~~?t~~~Y ~U~`,i STATE OF FLORIO~ AT (AR6E . ` first Federal Savi s~ loan Association 'L k1Y (~~~~~S$ION 23. 1973 , ~ EXPIR[S SEPT. Of Fwt P~erce. °W~D~_~1~1! FQED W. 71ESTE(I~QR$j ' _ Fort Pierce, flori~a ` 4 J ~ ` . ~ ~ ~ ~ ~ ~ / • - . i ~ _ . - - J ° _ ` - ; < " - 1- ~ • . . r• - - This Instrument Prepared By John W. Collins i i~,; ~ . ~ . , ; First Federal Savings E~ loan Association ~%'S. • ; ` ' ' of Fort Pierce , FloYida ~'~,,'~~~"•"''~c~~'~' ~ ~ ~ Checked By ~ ~°''~n~:~,u~u~``~`. 88~J(~~ ~~11Gf ~ , f' . _ , _ ~ Y k ~ ' ~w ~ L . ~ . _ . . . ~ - - `'z '~sw-..._,_ ,~._,.W.,_ ' _ . _ ~ _c. -