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Home My WebLink About0552 . ~ ' ' ` t ~ 3. Tc plac~ and con~inuouily keep on the bui!dirps now w MreaftK attwt~ on said land and on +11 equipm~~t ~nd psnonally cowred by this morr~ ! ps, with ~II premiums thereon paid i~ full, fire insuranc~ in tF» ~~wl itandard policy form, in a ium app~oved by ths MORTGAGEE, and winditam lnawanc~ in ~h~ uswl ir~ndard policy fam, in a ium approved by the MORTGAGEE, 4+ wch companY or ca^W^~ei +s tl+~ MOR~GAGEE may ' d'u~ctJ and all fir~ and w~nds~orm iniurance policies oo +ny of said buitd~np~, any intenst thxein or part thereof, i~ tFK ~gyre9~te wm aforesaid w ~ In ~xcess therwf, shall co~tain the uswl uandard matgayee clavse or ~uch otha d~ui~ as tM Mortya~ee may requ~r~. makiny the lou unda sa~d polF ~ cie~, each and every, p~Yab~s to said MORTGAGEE as its intere~t may +ppea?. ~nd e+ch ~nd every :uch poliq ~h~ll be promptly us:gned and detivued ~o ~ny Mld by said MORiGAGEE as fur~ha security to iaid mor~~age debt, and, not ltiu tl»n ten (10) d+ri ~ advance of ths expiration of each poliq, to d~- IivN to said MORTGAGEE ~ ronewal thereof, togeiha~ with • rfceipt fw the premium of svch renewal; and thers shall be no fire w winditorm insuranc~ i pl~ced on ~ny of said buildingi, +ny interest therein w part thereof, u~leu in the form ~nd with tha lou payabt~ as aforesaid; and i~ the event +Mr swn of money becomes p+yable under suth policy w policies wid MORiGAGEE thall h~w the option ro receive and apply ~he same a+ +ccount of the indebted- asu secur~d hs~eby o~ w permit said IMORTGAGORS ro reeeive and uss it w any part tF?ereof fw orher purposes, wi~hout thereb~ waivi~ig w~mpair- in~ u~y eq~ity, lien w right under w by ~eirtue of this moztyage; u?d in tM event said MORTGAGORS ihall fa any reason fail to keep the s~id pranaes so ins~red, w fai) 1o d~tiver promptly ~ny of sa~d polides of insurancs to said MORTGAGEE, a fail promp?ly to pay fully any p.emium the~efor w in any ~espect fail to pe?fwm, diuharge, ~xet~te, effect, complets, comply wirh u~d ~bids by this covenant, ot any part hereof, said MORTGAGEE may pIm ~nd paY fa such ins~rance or u~y part the~eof without waiviny or.~ff4c?inp any option. lien. equity, w right unde+ w by virtue of thii Mor~9a~e. and the full ~mouM of each and every ~uch payment ~hall bs immadiately due and payable ~nd shall bear iroerest from tM dats thereof umil paid ~t tM ~at~ ot nins per tentum per annum and togethet with such interest shall be securcd by the lien of this mortgsge. 4. To pamit, commit o~ sutfer no waste, impairme~t or deterioration of said prop~vty or +ny psrt thereof. 5. To pay all and singulu the costs, charges and expe~ses, includin~ s reasonable aftorney's fee and costs of abstracts of tills, incvrred w paW at f •ny time by iaid MORTGAGEE, because or in the eveM of ths tailure on the psrt of the s+id MORTGAGOR to duly, promptly and fully perfwm, d~uhar9R } txccute, effect, camplete, comply with and abide by each and every the stipvlations, sgreements, cond~tiw~, +nd covenants of said prom~ssory note and thq mwtgage any w ei~her, ar?d sa~d costs, charge~ and expenxK, each and every, shsll be imir.ediately due and payable: whether q nm ther• be ~otice dp mand, attempt to colkcf o? tuit pending; and the full anaunt of each ~nd every tuth payment shall bes~ interesl from the date thereof until p~id at the rate of nine per centum per ~nnum; and all said costi, charges and expenses incurted w paid, together with tuth interesl, thall be setured by the lie~ of thii mortysye. 6. Tha1 (a) in the event of any breach of this Mortgage w defa~lf on the part of the MORTGAGOR, or (b) in the eveM any of ssid swns of money herein referred to be not promptly artd fully paid within thirty (30) days next after the same uvc~ally become due and payable, without dem~nd a ootite, o? (d in the event each and every the stiputatio~s, sgreemenb, conditions and coven~nts o} said promissory note and th~s matgsye sny w either a~e nol ~uly, promPHy and fully perfamed. d~scharged. execvted, effected. compkted. complied with and abided by, then in either or any such eveM tM iaid ~g gregate wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys set~red hereby, sF?all becane due and pay- •ble forthwith, a thereafter, ~t the option of said MORiGAGEE, at fully and completely as if a!1 of the wid wms of rtsonay were oc~anally stipulated ~ to be paid on such day, anything in sa~d promiuory rate w in this Mortgage to the cororary notwithsfanding; and thereupon w thereafte~ at the option of had matured pnor to its irutitutio~. ~ 7. Thst in the event t~iat at the beginning of or at any time pendi~g any suit upon this Mor~gage, or to fweclose it, or to rofwm it, o? to er~forcs payment of any claims hereunde~, uid MORTGAGEE shall apply to the Court having jurisdiction thereot tor ~he appoiniment of a~tece~ver, such Court si?aii fo~thwith appoint a receiver of said mortgaged property all u~d singular, includ~ng all and singular th~ income, profits, iuues and reve~ues from whatever to~rce dcrived, each and every of whKh, it being expreuly undcrstood, is hereby mortgaged as if speufically set fwth and described in the grantiry snd habendum clauxs hereof, a.~d such Receiver shall have all the b?oad and effettive functions and powers in anywise entr~sted by a Court to s Receiver, ~nd tuth appoi~tment shatl be made by such Court as an admitted eq~ity and a matter of absolute ~ight fo said MORTGAGEE, ~nd without reterence to fhs adequacy o~ inadequacy of the value of the property mwtgaged or fo the sotvency w insolvency of said MORTGAGOR a ~he defendann, and that iuch rents, profits, income, iuues and revcnues shall be applied by such Receivet according to the tien o? equity of said MORTGAGEE and the practice of suth Coutt. 8. To d~ly, promptly and fully perfwm, discharge, execvte, effect, complete, comply with and ~b+de by each and every the stipulatio~s, ~greements, conditans and covenants in said promiuory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested i~ a person other than the MORTGAGOR, the MORTGAGEE, in successws snd assigns, may, without ratice to the MORTGAOR, deal with such succeuor w successor in interest witFi ~eference to this matgsge and the debt hereby secured in the same manner as with Mwtgsgor without in any way vitiating a dixharging the Mutg~gws' liability hera under or upo~ she debt hereby secured. hfo sale of the premises hereby mortgaged end oo fwbearance on the_pan of the MORTGAGEE w iri successon or assgns and no extmsion of the time for the payment of the debt he?eby secured given by the MORTGAGEE or its successors or assiyns, shall operate ro rekax, d~scharge, modify charge or effect the aiginal Gabiliry of the MORTGAGOR herein, either in whole w In put. ~ 10. It is specifically agreed that time is of the essence of tl~is co~tract and tMt no waive~ of any obligation herevnder or of the oblgstion se- ared hereby shall at any time shereafter be held to be a wsiver of the terms hereof or of the instrumem secured herby. - 11. In addifion to the fueyo:ng monthly payments of princ'pal and interest required by the promiuory note secured hereby, mortgsgor oovenants and agrees to pay to mo:tgagee with each monthly payrnent an additionsl sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All reai property taaes kvied or assessed' against the above dest+ibed resl estate_ ~ B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements sitvate on the above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to tarry on the loan secured hereby. - Mortgagee shall from time to time notify mortgagor in writ~:g of the amount due and payable hereundrr and such sum :hall thereupon be due and pay~ble on the due date of the next monthly paymeM and each successive month thereafte~ until mortgagee shall notify mortgaga of a change in such ~ amwinf. $uch sums sh.all be applied by mwtgagee toward the payment of real property ta:es, inwrance prem:ums, and mor19a9e 9~~~^~Y premiums. IN W WHEREOF, t id MORTGAGOR has F~eunto set his hand and seal the dsy a esr first afortsaid. ~ . Seakd and in the presence of: ~ ~ - ` w ~ eorge a our n ~ n ° ~y ~ . °°`-~`t~'rt~i~s~ftic.-° o-~'~ . . - a ~ rs..q i } STATE OF ~ JERSEY ~ ss. courm oF defore me personally sppearcd C'2~rna L+" L_a C`n~~r ~nd R uth M. I. a COLlT his wife, to me well known arKl. ~Cr~rrA to me to b~ the individwls deuribed in a~d who executed the foreyoing instrume~t, and acknowled~ed before me that they executed ti+~ 1}srqe,for tht purpo~es thecein exp.eued. a~d rhe sa°~ R ut h Ai . L a C o ur _ S~ ~ , . . ~ wife of rhe ssid C~ e o r~Q t~ L- a Co tL - f sap~ria ariit p~ivat~ ex~mination by me taken separote and apart from her said husband, acknowledged to and befwe me that ahe execvteQ s~id •irSitr~n~eqi freelp end vot~m _ rarily and withovt sny compulsion, constraint, apprehensia+, or feu of or from he? ssid sband. - .i r WITNESS my h+nd and official seal thi~ ca2~ ~ day of ~C~~~eY A D. 19~~~' . . . _ . ' • _ ~ tsry ubl'~t i~ ~nd i ti~e tb~' - ~ My iuioe~ expires: - ' ' ~ ~1s JitK.~Y ~ ? Return To: " ' ~ Fint Federal Savings b Loan Association ' ! Of Fo~t P~erce. NOTARY PUdLIL l;'t I~~t~ ~ER~ E Fwt Pierca Flwida My ~omm~ssian Fxpires Feb. ~ 1~ ` i t E ! This Instrument Prepared By J. D. Chastain ' First Federa) Savings & Loan Association ' of Fort Pierce ~ F1oZ ida ~ . i Checked By BOOK18z PAGE Se~Q ~ - - ~ ~ _ ~~_x ~ _ ....v. _ _