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Home My WebLink About2420 ,.i . 3. To place and continuously ke~p on tM buildinpf now w tu~~aft~r ~itu~t~ on said land and o~ ~!I equipmen~ and personally covered by thii mortg~ p~, wilh all premiums thereon psid in full, fire insurartce in tht usval srandard policy fwm, i~ a sum spproved by 1he MOR~GAGEE, •nd windstorm intur~nc~ in the usual sundard pol~cy fam, in • ium approved by the MORTGAGEE, in wch company O~ COmpiniK as the MORTGAGEE m~y d'uec~j ae~d all iire arxl winds~orm inwunn po~icies o~ any of said build~nps, any iMere~t tixrein o~ part thcreof, ia the agyre9a~e ium afaesaid or M~xcess Ihe~eof, ihall con~ain th~ uswl standard ma~gage~ ~~a+~se or iuch o~hsr clauis es Ih~ Mo.tyaflee msy requ+ro, ma?ing ~he loss under ia~d polF cisi, esch and evcry, payable ro said MORTGAGEE ai iri interett may ~ppear. and each and svery such policy shall be promp~~y •u.gned and deliva~ed to u~y held by said MORiGAGEE as fu.~her security ~o said mortgage debt, and, rat leu 1F?~n ten (10) days i~ advance of ths expiration of each policy, to ds- IivN fo taid MORTGAGEE a renewal thc~aof, toqetha with a receipt fw the p?emium of such renewalj and there shall be rw f~~e or windsto~m insur+~+ce plsad on +~y o( uid buildin9~, any i~terest Iherein u pxt the~eof, unleu in the form and with the lou payable as aforesaid; ar+d in tM event any ium of naney becanes payable under such poliq a policies said MORTGAGEE shall Mvs tM option ro receive and apply the sanu on accovnt of the indeb~ed- neu ieturad hereby a ro permit said MORTGAGORS to reteive and us~ it or aoy part thereof fw oshe~ purposes, wdhout tharebt waivi~y a~mpair- inp u?y equiry, lien w righl under as by virtue of this mort9age~ ~nd in the ~vent ~a~d MORTGAGORS shall fa any reawn fail to keep the said p~emises ao iniured, a fai) fo deliva promptly ~ny of u~d po~icies of iniurance to sa~d MORTGAGEE, w fail promptly to pay fully any prem~u~n therefw w in ~ny respect fail ro perfwm, discharge, execvts, effM, complete, comply with aod sbide by this cover+ant, w any pa.f hereof, said MORTGAGEE may place and pay for such inwrant~ w+ny pan thereof without waiviny w affectinp any opran, lien, eqvity, or right ~nder a by virtue of this Mo~tyage, and the full ~mount of eacA and every such paymeM ihall be imrnediately dw s~d p+yable ~nd shall bear intere~t from ths date thereof until paid at ~hs rat~ of nine pe? ceMUm per snnum and to~ether with suth interest shalf be xcured by the liee~ of this mortgage. 1. To p~rmit, commit w suffer no waste, Impa'umeM a detcrioretion of iaid propaty or any pa~1 thereof. S. To pay all ~nd singulsr the cosb, charges and expenses. includiny s reasonable attwney i fee and costs oi ab~tracts of title, incurred w paid at any time by said MORiGAGfE, because cr in the eve~t of the failure on the part of ~he said MORTGAGOR to dvly, p~omptly and fully perform, d~uharge. execute, effect, complete, comply with and ab:de by each and every the stipulationa, agreements, conditiwu, and covcnants oi said promiswry note and thi~ rtartgage sny ur eithe~, and sa7d coits, cha~ges and expenses, each and every, ihall be immediatety due and payable; whethcr a not ~F~ere be no~rce da mand, attempt to colletl or suit pend~ngj and the full amount of each and every wch payment shall bear interest irom the date thereot until paid at tFK ~ rate of nine per centum per amium; and all said costs, charges and expenses inturred or paid, together with s~ch interest, shall be secured by the lien of th~s ~ matgsqa ~ 6, That (e) in the event of any brexh of this Mortgage w default on the part of the MORTGAGOR, or (b) in the event any of satd sums of money herein reterred to be not promptly and fully paid withi~ thirty (30) days next a~ter the same severatly bec~me due and payable, without dtmand or ootice, or in the event each and every the stipulations, agreements, co~ditions and coven~nts of sa~d promiuo+y note and th~s mortgage a++y or either are not ~uty, prompNy and lully perfamed, diuharged, azecuted, effected, completed, complrcd with and abided by, then in e~ther w any such event the said ag- pregafe wm rtKntioned in said promiuoty note t!?en remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and pay- able fwlhwith, o~ thereafter, at tl~e option of said MORTGAGEE, ss fully snd complefely as if atl of the said wms of money were orginally iripulated to be pald on such day, anything in said p~omissory note o+ in this Mortgage to 1he contrary notwithstsnding; and thereupon or thereafter at the option of said MORiGAGEE, without notice or demand, suit ef law a in equity, tFkrefwe w the~eairer bcgun, may be prosecuted as if all moneys secured hereby had matured pnor to its institution. 7. Thst in the event that at the beginning of w at any time pendirg any suit upon this Mortgage, or to fweclose it, or to refwm it, w to enfwce payment of ~ny claims hereunder, said MORTGAGEE shall apply to the Couri having jurisdiction thereof for the sppointment of a Receiver, suth Covrt shall ~ forthwith appoint a receiver of said mortgaged property all and sirgular, includ~ng all and si~gu~ar the inmme, profifs, issues and revenues from whatever source derived, each and every of which, it beiny expressly understood, is hereby mo+tgaged as if specifically ut fath and dexribed in the granting and habendum clauses hereof, and such Receiver ihall have all the broad a~d effective furxt~ons and powen in anywise entrusted by a Court ro a Receiver, and such appointment shall be made by such Court as an admi~ted equity and a matter of absolute right to said MORTGAGEE, and withoul reference to the adequacy or inadequacy of the value of the property mortgaged w to the sotvency w insolvertcy of said MORTGAGOR or the defendants, and rhat such rents, prufits, income, iuves and revenues shall be applied by such Receiver according to the lien or equity of wid INORTGAGEE and the practice of suth Court. 8. To duty, promptly and fvlly pe~form, dixharge, exlcute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenams in said promissory note and this mortgsge set fwth_ 9. That in the event the ownership of the mortgaged premiscs, w any part thereof, becancs vested in a perso~ other than tFx MORTGAGOR, the MORTGAGEE, in successon snd augru, msy, withow no~ice to the MORTGAOR, deal with such succeuo~ w successor in interest wi~h reference to this ~ ~ mo~tgage ar+d the debt hereby secured io the same manner as with Mortgaga without in any way vitiating or d~schar9ing the Mwtgagors' liability here- ~ under w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its sutcesson q assgns and no extension of the time fw the payment of the debt hereby secured given by Iht MORTGAGEf or its succeuws or auigns, shall operate i to ~elease, distharge, modify thange or affect the wiginal Iiab~lity of the MORiGAGOR herein, either in whole w in part. ! 10. It is specifically agreed thaf time is of the essence of this contract and that no weiver of any obligat~on hereunder a of the obligation sr tvred hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secu?ed herby. 11. In add~tion to the forego.ng monthly paym~nts of princ'pal a~d interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each manfhly payment an addiironal sum estima~ed by mortgagee to be egual to 1/12 of the annual cost of the follow- ~~y; ~ A-All real prope?ty taxes levied or assessed against the above dexribed real estate. B-Premiums on fire and windstorm insurance as here~n requ~red to be carried af the improrements situate on the sbove described premises. C-Premiums on such mortgage guaranty insurar.ce as mortgagee shall from time to time deem fit to carry on the loa~ secured hereby. ~ f Mortgagee shalt from time to time notify mortgagor in writing of the amount due and payab{e hereunde? ar?d such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter ur,til rtwrtgagee shall notify mortgagor of a change in such amount. Such sums shail be applied by mo?tgagee loward the payinent of real property taxes, insurance p~em:ums, and rtwrtgage guaranfy i~surance premiums. - IN WITNESS YJHEREOF, the sa~ MORTGAGOR has hereunto set his hand and seal ihe day and yea~ ~foresai . ~ S' Seal a n the presence of: ~C! ~ FIl.ED AND RECORDED _ . ~ l_UCtE CCUNTY. FLA. ~~-~i '~--4 :c r;?;,.-, F-~~;-i~ ~Sea4 18955~ i STATE OF fLOR10A ~1~ ~F~~ I Q ' 9• COUNTY OF • I~IlC~ A B1~ ~8 ~ Before me personally a red ~^d ~ea r a . ~ ~ ; ~ S his wife, to me well known and known fo me to bs the i~dividuab described in arsd who executed the fu trnM~ , beFore me that they executed the same fw the purposes ~he.eu, expresxa. a,a ~he u~~ Bieatt~sr ~e Bss wife of the said B~ ~a upon a separate and private examinaYwn by me taken separate and apaA from her said husband, adcnowledged to and before me that she exetuted said instrumcnt freely and volun- tarily a~d w~thout any compvlsion, constraint, apprehension, w fesr of w from her said husband. WITNESS my hsnd and official seal this 318~ dsy of J~ A. D. 19~~ . Notary Public in and or the State of Fbrida ~t Larye 3 My Commissan expires: t Retvrn Ta ' ti~~11H1~N~~~ARY PUBLlC~ SUTE ~ fLORiOA AT LARCE Fint Federsl Sa~ings 3 twn ASfOCiDtiOO • tLi~' a~'cOMMISSION EXPIRES SEPT. 23, 1973 ' 1:..-~ . . b~.~p iiiWl fitED Mb DIESIELlIOiti6 Of Fort Pierce. ~~~j•.~_P~~~~~•s~~~~4 . S s • V.' t-~ > ~ . Fort Pierce, Flwida r~~~ r->~ f~ ~ ~ , C~~i.~''! ~i ~ ~ . / 3~~~~ .C g~~:wa~.tAA~ra - ~'Qi~.~.~~~~~:.~~~ ' ~ . ~ ~'iF"~`", i . ~~_•f ~ ~ T ,~l. ~ Z This Instrument Prepared By ~~g~ ~~j`,a-.;,~:~~# i First Federal Savings 8 Loan A ia~i n .r'. u.~-~ ; J;~ r r., , ~ of Fort Pierce s : c.'~~•~'`; ' - ~ ~ _ , : i. - ~ ~ ' "~`.:''~nu~.uu~!`'_ • Checked By aoox 1~ ~?cE~~~~ , f- . - ~ ~ 7~ - - _ _ . _ - _ : r,.~ ~ _ . _ . ~ . >~~C ~ ~ ~.e._.. _ . ~ _ . _ _ . . _ y _ , i'i_~a