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Home My WebLink About0274 3. To piac~ and continuously keap on the build~ng~ now o~ Mre~ft~~ ~itust~ on ~aid I~nd +nd a~ s(~ equipment end penonally cov~.ed by thit maty~ , age, with atl premiums thereon pa~d in full, fire Insuranc~ ~n ~ia usval s~sndard policy fam, in • sum approved by the MORiGAGEE, and windstwm ~ insur~nce in tM vswl s~andard pol~cy fam, i~ ~ ivm ~pp~oved by ~he MORTGAGEE, in iuch company or canpanies as the MORTGAGEE may dinttp u~d all firs a~d windstorm inturance policiss on any of said build~nps, any inte~est tF~ein or part thereof, in IF~e sgg~egate ~um ~faet~id w in ~zteu fheieof, shall conlain ths usual stsndard mortgagee clau~e o: such other claute as the Mwtgagee may requ~~e, makinp the lost under ia~d poiF cies, esth and every, payable ro said MORTGAGEE as its inte~ett may ~ppear, ~nd each a~d every suth poi~cy shatl be promprly ass 9ned a~d del;ve~ed ~o any held by said MORiGAGEE as further security fo said moutysgs dcbt, and, not leu thae? ten (10) days in advance of the expirat~on oi each policy, to da- livt~ to ~aid MORTGAGEE a re~ewal thereof, topather with a receipt for the premium of such re~ewal; and ~he~e shall be no (ire or wi~dstorm ins~rance placed on any of said buildirgs, ~ny interett thereie? a pa~t Ihereof, unfe:s in the form and wi~h fhe loss payable as aforesaid; and i~ the event any tum oi money becomes payable unde~ such policy o~ policies said MORiGAGEE ~Aall have ~he opt+on to rece7ve and apply the ume on accoum of the indebted~ neu setvred hereby or ro permit said MORTGAGORS to reteiva and use it or any paH fhe~eoi fa otiier purpates, r~itl»ut eha.ebr wa+v'ux~ o. ~mpair- ing any eq~ity, lien or r~ght under w by virtue of lhis mo:t~sge; snd in ths event w~d MORTGAGORS shall (or any reason fail to keep the sa~d premises so ~nsured, or fail fo deliver promptly any of said polities of ins~rancs to said MORTGAGEE, w fail promp~ly to pay ful~y any pre~nium therefor tv in any respect fail ip perform, dSxharge, exetute, effeci, complets,_comply with and abide by thit covenant, or sny part hereof, sa~d MORTGAGEE may plate and pay (a such insvruxe or ~ny pait thereof without waiving or affecting any option, lien, equity, or ~ight vnde~ or by virtue of tfiis Ma~gage, and the full amount of each and every such payment shall be immediatefy due and payable and shatt bear interest /rom the date thereof unril paid at the rats of nine pt~ centum psr annum and together wirh such inrerest shali be secured by tFa lien of thu mwtgage. 4. To permit, tommii ot s~f(er no waite, impairment or deter'wration of said property or sny part thereof. S. To pay all and ~ingulu the tosts, charyes and expe~ses, including a re+sonable attorney's fee and costs of abstrads of titls, incurred or paid st any time by said MORTGAGEE, beca~u a in ths eyent of the failure on tF~e part of ~he said MORTGAGOR ro duly, prompHy snd ful)y perform, diuharge, executq eflett, compJete, comply with and ab~de by eath and every the stipulaticns, agreemenls, condilions, and tovenants of said promissory note and thii mortgage any w ei~he~, and sa~d costs, charges and e~cpenses, cach and every, ihall be immediately due and payable; whethe? a not tAcre be norice d~ mand. ~ttempt to colkct w suit pending; and ths fvll amovnt ot each and every suth payment shatl bear interes~ from the date thereot untii paid at the ~ate of nine per centum per annum; and all said tosts, chsrges and expenses iac~rred or paid, together with such interest, stwll be seturcd by the lim of this mortpage. ~ 6. Tha1 (a) in the event of any breach of th+s Mortgage or default on tha pa?t of t!ie MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly a~d fully paid within thirty (30) days next after the same uve?atly brcome due and •payable, withovt demand or eotice, or (c) in the evem each and every the stipu:ations, agreements, conditions and covenants of sa~d promisswy note and th~s mortgage any a either sre not ~v}y, promptly and !ully perfwmed, d~uharged, executed, effected, completed, complied with and abided Sy, then ia e~ther w ~ny such event the said s¢ gregate svm mentioned in said promi:sory note the~ remaining unpaid, with interest accrued, and atl moneys stcured hereby, shall betome dve and pay- abie fathwith, or tncreafter, at the option of uid MORTGAGEE, as fully and completety as if all of the sa~d sums of money were originally tliputated to be paid on such day, a~ything in sa~d promisswy note w in this Mortgage to the.con~rary notwithstanding; and thereupon or tFxreafter at ths option of said MORTGAGEE, without notice o~ demand, suit at law w in equfty, therefore w thereafrer begun, may be prosecuted a: if all moneys secured hereby had matwed pna to ;ts institution. 7. ?hat in the event that at the begi~ning of w st any time pending any wif upon this Mortgage, w to foreclose it, ot to refwm i?, a fo enforce payment of aoy claims hereunder, said MORTGAGEE shall apply ro!he Court hsving jurisdiction thereof tor the appo:ntment of a Receiver, such Court ihall forrhwith appoint a receive~ oi uid mwlgsged property all and sirg~Iar, includ~ng all and singu~ar the income, prol~ts, iuues and revenue~ from whatever source derived, each and every of wh~ch, it being expressly ur?dnitood, is hereby mor~gaged as if spec~ficatty set fwth and deuribed in the granting and habend~m clauses he?eof, and such Receiver shaN f~ave all the broad and effeaive funcr+ons and povvers in anywise emrusted by a Court to i Receiver, and such appointment shall be made by such Court as an admitted equiry a~d a matter of absolute rlght to sa~d MORTGAGEE, and witho t referencr ~o ths adequncy w inadeqvacy of the value of the property mortgaged or to the soivency or insolvency of said IMORTGAGpR or the def~ants, and thaf such renrs, profits, income, iuues and revenues shall te applied by such Receiver xcording to the lien a equity of said MORTGAGEE and the practice of such Cou?t. S. To du!y, p?omptly and fully perfwm, discharge, execute, effecL complete, comply w~th and abide by each and every the stipvlations, agreement~, conditans and covenants in said promissory nore and th;s mortgage sel fath. 9. That in the eveM the ownerahip of the mortgayed prem~ses, w any part the~eof, becomes vested in a person othcr than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor or successw in interest wi+h refcrence to this mortgsge and the debt hereby zecu~ed in the same manner as with Mo~tgsgor without in a~y way vitiatirg w diuharging the Mortgagors' liability here- under o? upon the debt hereby secured. No sale of the p~emius hrreby mortgaged and oo forbearance on the part ol the MORTGAGEE or its successors ar auigns and no eatension of the fime fw the payment of the debt hereby secured given by the MORTGAGEf or its successors w au;gns, ahall operate to release, dixharge, modify thange a affect the original liability of the MORTGAGOR herein, either in whok w in part. 10. N is specifically agreed that time is of the esunce of this contrad and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereafter be hetd to be s waiver of tFK Serms Rereoi w of the instrvment secured herby. 11. In additio~ fo the forego:ng monthty payments of princ'pat and interest required by the prom;ssory no!e secured hereby, mortgagor covensnfs and agrees to pay to mortgagee with each monthfy payment an add~riona! sum estimated by mwtgagee 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 destribed real estate. B-Premiums on fire and windstorm insurance as herein reqv:red to be carried on the ~mproveme~ts situate on the above dastribed premises. C-Premiums on such mwtgage guaranty insuran~e as mortgagee shall from time to time deem fit to carry on the loan setured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundrr a~d such sum shall thereupon be due and cayable on the due date of the next monthiy paymenf and each svccessive mor~th fhereafter ur.til mcrtgagee shall notify mortgagor of a change in sucfi amount. $uch sums sF:atl be applied by mortgagee toward the payment of real property taxes, insurante prem:ums, and morigage guaranty insurance premiums. iN WtTNE55 WHEREOF, the said MORTfsAGOR has hereunto set his hand and seal the day and year f' af i. Si ne Sealed and delivered in the presence of: r FILEO AP~iD RECORDED - 5 ~UCiE C•`!U`:Tr. ~L.~`•. apQ - r; ~ , ~ : rr (S!'a./ ~ ~ . 1~ _ ~ ` 19G204 ~ STATE Of FLORIDA f~8 2~ 35 i C -uc'1e ~ ~ 8elore r»e persona!!y appearrd • R - ~ ~ Mar Rose ~ ~ URT his wife, to me welt known and known to me to bs ~ the individuals deuribed in and who executed the foregoing instrumeni, and acknowtedged before me that they execvted the same for the purposts ! therein exp~essed. And fhe wid Mary Rose ; wife of the said R. Rose upon a sep+rats ind priv~f~ examinstian by me taken separate a~d apart from her said hwba~d, aclerawledged to and befo~e me thst she eaecuted ssid instrurt~pp~MWl~~~! vo{vir . tsrily and without any compolsion, cons?raint, spprehcnsion, w fear of or from her said husband. `4>>'' Q u . _~~li~. WITNE55 my hand snd official scal thi~ dsy of S.• v,~9;'~,~~ ~ ~ . ~ J~j~-'~`~w , Public in ead fot the StaQ rE(~j3~~?:~;~ ~ G ~ My ~OR1lI1if310f1 Q%P1lCl: w.~~ ~ yz sja . r' . -y : ~f • ' Return To: n~, ~ p ; ~ t ~ ; c ~ _ 'y` • tC~: fint F e d en l Savings 3 loan Association 1.~+ ~ i' i~t ~ - 1 of Fo.r v;e~ce. Notary Publie State of FIot4~,1~L~~dQ~ ':~`c Fort Fierce, Flo~ida / f'~v Bondcd By: American Bankezs-~f ~ : ~r. c„ « mmi ion E~eir~s• l~a.•. 6, 1~.''~1 en::~,•~?` i • . ~ „I' ~"'Qr.,...,_?tc.,~-~~' ~ This Instrument Prepared By J. D. C hastain ~s.~_.L~ - DUE ~'i CL:SS • ~ PA?Af , : First Federal Savings ~ loan Association ~,;j i0 C`C I'~TAr:G~;~E ~~~T7~ of Fort Pierce, Florida ~P'=R 2~724. AC7; OF 1941. ~ RGG-~; F,71, ~45, Cterk Circ~tt Covrf i ; Checked 8y ~ as Ager.t tor GkNIc1 !y, }~yOW ' ° St luae Cour: ~ 1R ; ~Y aa Collettot,,~~~ ' , - 0 R 8Y Qr~' ~ 800K 183 P~CE 27~ ~ = ~ - - - - - D:purr c: c?x - c f . ~ ~ - - _ . , _ ~ . _ _ : - : ~ ~ _ . - - - i _ ~ . . „ . . x=~: