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Home My WebLink About1523 - ' ~ t 3. To plac~ and continuouily ks~p on tF+e buildinys now a}unaft~r s~t~~te or? sa~d land ~nd on sli equipment ~nd personatly covered by this mwty ege, with ali prem;ums thertwn patd in full, fire insuranct in the usvai stardard poiicy form, in a tum approved by the MORiGAGEE, a~d windstorm insu~ancs in the uiwl standard poiicy fam, in a sum approved by tM MORTGAGEE, in such tomp~ny or companies as 1he MORTGAGEE may di~ec?; and ail firs and w~nds~wm insuranca poticiei on any of taid buildlnps, any intersat therein or part tfi-+eof, the a99regetp sum afwesaid w tn exce» thereoi, shati contain the usua! ~tandard matgages clause a such other clause ai ~M Mortpagee may requ;~e, making the loss under ~a~d poli~ c7af, each a~+d every, payabls to said MORTGAGEE as ita inta~esl may appear, a++d e~ch and every such policy shall be promptly ass gned snd delivered to any Mld by said MORTGAGEE as fur~her sec~rity to said matpays debt, snd, not leu than te~ (10) day~ in advance o( the expiration of each polity, to da ! liver fo said A\ORTGAGEE a rerxwal thcreof, togsther with a receipl for ths premium o} such re~+ewal; a~d the~e s~all be no f~re or windstorm insurancs 4 placed o~ ~ny of said buildings, any inte~esf therein or pan the~eof, ~nless in the fo~m and with the loss payabte ss alwesaid; and in tM event a~y tv+~ S of money becomes payable unda such policy a poliues said MORTGAGEE ~hall have ~hs option to receive and apply ?he sa~x on account oi the ir?debted- ~ ness secured hereby w t0 permit said MORTGAGORS fo ~eceive and uss it p aoy part thereoi for other purposes, .v~~h.~ut the~eo/ waiv~ng o~ impair- i~+g any equ~ty, lien or right u~r w by virtus oi this mo::gaya; and in the event sa~d MORIGAGORS shall fw any ~eason fail to keep the iaid premises so insured, o? tail b delivm promptly any of said policies of insuranc~ to said MORTGAGEE, a fail promptly to pay fully any pre~n~um therefw w in a~y reipect fail to perform, d~scharge, e:ccute, efiecl, complete, comply with ~~d abide by tF?is covenanl, a any part hereof, said IIRORTGAGEE may place and pay for auch imurance or any pan tbereof w:tho~rt waivi~~ w affectinp a~y option, lien, equ~ty, o~ right under a by virtus of th~i Mo.tgaye, a+~d the full amount oi each and every such payment shall be immediatety due aod payabla and shall bcar iotereet from the daie thereoF ~ntil paid at the rate ot nine psr ~entum per annum and to~ether with such interest :hall be secured by ths lien of fhis mwlg~ga. f. To permit, eommit or suffsr no wasta, impairment w deterioraYwn of said property w ~ny put the~eof. 5. To pay sll snd singulsr the cosls, charges and expenses, includirg a reasonable attomey's fee and costs of abstracts of tiile, incurred w paid at any time by said MORiGAGEE, because a in the eve~t of the failure on the parl of ~he said MORTGAGOR to duly, promptly and fulty periwm, dixharge, execute, effect, comptete, comply with and abtde by each and every tho stipula~~ons, agreemen~s, conditions, and covenants of said promiasory ~ote and this matgage a~y or eithe~, aod sald costs, cMr~ and expenxs, each and every, shall be immediately due and payable; whether a not there be no~ice ds mand, attempl to collect w suit pe~d~ny; and the ful( amount of each and every svch paymcnt shaN bear interest from the date the?eof unti! psid st the ra~e of n:ne per centum per annum; and aIl said costs, charges and expenses incurred or paid, togethtr w~th such interest, shall be secured by the lieo of thii mort9~gs. 6. That (a) in fhe event of any breach of this Mwtgsge w default on the part of tFx MORTGAGOR, o~ ~b) in rhe evenf any of saFd s~ma of money herein refe~~ed to be no! promptly and futly psid wifhin thi~ty {3p~ days next after the same severally become due snd payable, withou~ demand w notice, or (c) in the event each a~ every the stipulations, agreeme~ts, cond~tions and cove~ants of sa;d promiuory ~ote and th~s mortgage a~y w either are r?ol iuly, ptomptly and iuPty performed, d~xharged, exetuted, effecred, compkted, complied wl~h snd abided by, then in either o~ any svch event tAe sa~d ag gregate sum mentio~ed in said promissory note then remsining unpaid, with inte?est accrued, and al~ moneys secured hereby, shall become dve s~d pay- _ able fwthwith, or thereafter, at Ihe option of said MORTGAGEE, as fufly and completely as if aH of the said sums of money were wginally sttpulated ? ro be pa;d on such day, anything in sa:d promiuory note or in this Matgage to the co~trary notw~thstanding; and thereupon or thereaiter st the op?ion of j said MORTGAGEE, w~rhout not~ce w demand, suit et law or in equity, therefwe w thereaiter begun, may be prosecuted as if all moneys sec~red hereby ~ had matured pnor 1o its institution. ~ 7. That in the event tAat af the beginnirg of or at any time pending any suit upo~ this Mortgage, or to fweclou it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to tF+e Court having j~risd~ctlon fhereof for the appc~ntment of a Reteiver, such Court sha~l forthwith appoint a receiver of uid mortgaged property all and sinqvlar, includ~ng a!I and singutai the income, p~olits, issues and revenues from wrhateve~ source derived, eMh and every of which, it being expressly understood, is hereby mortgaged as if speci(ically sef forth and described in the granting and habendum cla~rses hereof, and such Receiver shall have all the broed and eifective funclions and powew in anywise entrusted by a Court to a Rece'rver, and sucb appoinrment shall be made by such Court as an admitted equity and a matter of abwlute right fo said MORTGAGEE, and without reierence to the adequacy w inadequacy of the value of the property mwtgaged w to the solrency or insolvency of said MORiGAGOR w the defe~dants, and fhat such ~ rrnts, profits, income, issues and revenues shafl be apptied by such Receiver a~cwdeng to the lien a equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptty and fully perfwm, discharge, execute, efiecl, complete, comply with and sbide by each and every the stipulations, agreements, conditions and covenanls in sa:d p?omissay ~ote and this mwtgage ser fwth. " 9. That in the event the ownership of the mortgaged prem;ses, or any part thereof, becomes vested in a person other thsn the MORTGAGOR, the MORiGAGEE, its successors and assigns, may, wi~hout notice to the MORiGAOR, deal with such succeuor o~ wcce:sor in interest wi~h reference to this mortgage and the debt hereby secured in the same manner as with Mortgago~ without in aoy way vitiating p discharging the Nlortgagors' liability he~e- under w upo~ the debt hereby secured. No sale of the Fremises hereby mortgaged and no iprbearante on the pa?t of the MORTGAGEE a its successors or assigns and no e:tension of the time tor the payment of the debt hereby securcd given by the MORTGAGE~ or its s~rcceuors w auigns, sFall operate ro release, discha~ge, modify cha»ge or affect the original liabil;ty of the AhORTGAGpR F?erein, eitF~er in whole w in part. 10. It is spetificafly agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder w of the obligafion sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument sec~red herby. 11_ In add;tion to the forego:~g rnonthly paymeNS of printpe) and interest req~ired by fhe prom:ssory nore secured hereby, mortgagor covenants a~d agrees to pay to mo: tgagee with each monthly payment an add~rional sum estemated by mortgagee to be equal to 1% 12 of the annual cost of the follow- ing: A-All real property ta:es levi~ pr assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ;red to be carried on the improveme~ts situate on the above desc~ibed premises. C-Premlums ort such mwtgage guarenty insursrce as mortgagce shatl from time to ~ime deem fit to carry on the loan sec~red hereby. Mwtgagee shail from time to time notify mortgagor in writi~g of tF~e amount due and payable hereunder and such sum shall thereupon be due and Fayable oo the due date of the next monthly payment and each successive month thereafter urtit mortgagee shatl notify mortgagor of a change in wth amount. Such sums sF.ail be spplied by mortgagee toward the payrnent of real property laxes, insurance prem:ums, and mortgage guaranty ~r?surance premiumS. . IN WITNESS WHEREOF, tne aaid MORTGAGOR has hereunto xt his hard and seal ihe day and year first afwesaid. Sigeed. Sealed ive?ed in the pr of: F~LEO AP~~ ~~CORDED ` ,n ~ ~ilr~c ~~oUtiTY. F~.~• ~ - . .,~-~1; .~i, ~ . _ rc__~ ~SS~J1 STATE OF FLORIDA ~ ~ T~ ~ p ~ 11 2 6 i .~r• TALC~ f J ~ (1 W'i couNTr of ~ ~ ~ C~ ` Befwe me personatly appearcd ~SZBT~I' ~iBZ~(i/ 'O and ' ~b91'tr8 ~1f8Z~! ~ : ~ : . ~ 'r, • l. • t'.•• ~ his wife, to me well known and known ro me to ba the individuals described in and who executed the for{~bio~ i~'kt a~Wwwtedyed befwe me that they executed the same for the purposes therein expressed. And tF~e sa~ ~~Y`ti8 ~idfii~8 wife of the said ~=+~~r ~aT~ ~po~ a sepiiate and private examFnation by me takert tepa~ale artd apart f~om her said husba~d, xknowledged fo and befwe me that she executed said instrument freely ard volvn~ tarily and without any compulsion, constraint, sppr~hens_ig~, or fear of or from her aid husband. WITNESS my hand and official scal thi~ p T~ day of A. D. 19..!_.= . Naa blic in and for the3tate of florida at Larpe Return To: ~ . MY +ision ~apires. 9~y. G ~ 9 7/ First Federa) Ssvings ~ losn Assotiation - ,-n, ~,;;,~d~c. Sta1e of Ftorida at i~rqe Of forf P~erte. ~i~~~ 6, ~4~ Fort Picrce, Fla~da • ~ . . . ~aNe h E~ ~ ~a~llr. ~ ` ti' . ' . ~ ~ This lnstrument Prepared By J~ j~~ ~pll jng , I' ~ .V 1 First Federal Savings ~ loan Association = ~ of Fort Pierce ~ P'l~. ~ i - ~ . v: Checked 8y1~ =::~<i ' - : ~ k 1$2 ~~152 ~ ST~i:.~~~.;~ ~ eooK ~ - ~ ~ - - . _ _ . - ~~x~