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Home My WebLink About0408 i 3. To pixe and co~tinuously ketp on the buildi~qs now or herea(ter ~ituat~ on said land +nd on alf equipment and personelly cover~d by this mortg~ ~ge, wi~h all premiums thereon ps~d in full. fire insura~ct in the usual sfandard poticy (orm, in a sum approved by the MCRiGAGEE, and winds~wm inwranc~ in tM uswl t~a~dard policy tum, in • aum approved by the MORTGAGEE, in ~~ch company or companies as the MORTGAGEE msy direus ~nd all fi~e and w~nditorm insurance pot~ciei on any o( sa~d build~nqs, any interesl therein o~ Parf t}xreof, in the aggregare sum afore:aid or 1n excefs Iheaeoi, ~ha11 con?ain the uwal standard mortgagee tlauie o~ suth ofhe~ tlauss ~f Ihe Mwlgagee may requ~re, maling the loss unda sa~d poli~ cies, tach and every, payable ro said MORTGAGfE as it~ interrst may appear, and each and every auch pot~cy ~Aatl be pranpNy ass gned and defivered to eny ' W by uid MORTGAGff ss further secvriry to said mortgage debt, and, ~ot ku than ten (10) deys in advance of ~he ezpiraf~on of each poGCy, ro de- ; IivN lo uid MORTGAGEE a renewal thereof, toge~her witA a receipt fo~ tha prsmium of iuch renewal; and there shall be no f«e or w~r.dstorm insurance ~ plac~d on any of said build~ngs, any interest therein or part thereof, u~tess in tFa farm and wi~h ths los~ payable as aforesaid; and in ~he event any sum , of mon~y betomes payable u~der such F-olicy or policies said MORTGAGEE shall havo the opt~on ~o receive and aaply ihe san~e on accoum of the indebted- neu secwed hereby w ro permit said MORTGAGORS to receive and uss it p any par~ thereof ior o~ner purposrs, v.~rho~t th_.~b~ wa;~;n~ or ~n,pair- in~ any equity, tien or rlght vnde~ o~ by vi~tue of th:s mo:•gaye; and in the eve~t ~s~d MORTGAGORS shall ior any reason lail ?o keep the sa~d prem~ses so insured, or fail fo deliver promptly any of aaid policies of insurertce to said MORTGAGEE, or fail promptly to pay fully any pre~»ium fherefw w in a~y reipett fail to pe+fam, discharge, execu~e, effM, camptete, t~++ply wirh and ab+de by th;s covenant, e~ any part hereof, said MC~RTGAGEE may place and pay for such insurants w ~ny part thtroof without waiving or affecling a~y option, lien, equity, o~ right under w by virtue of this Mwtgage, and tht full amou~t of each and eve~y tu:h p~yment sha11 be ~mmed~ately dve and payabte and shall bear intere:t from the date rhereoi unti! paid at the rate ol n.~e pcr cenrvm per annum and to~ethcr with urch imerest shall be secu~ed by the lien of this mwtgage. 1. To perm;~, commit w suffer no waste, impairment or deterioration of said property ar any part thereof. S. To pay all and singufu the costs, thuqes and expe~ses, i~cluding a reasonable attwney i fee and costs of abstracts of title, incurred or ps~d at any time by said MORTGAGfE, beca~se or in 1M event of the failure on Ihe pa~t oT ths said MORTGAi',QR to duly, prorr+ptly and fully pertorm, discharge. e~cecute, e!(etR compkte, comply with and ablde by exh and every the stipulat~ons, agreemenn, conditions, and co~enants oi sa~d promissory note and this morlgage ~ny a either, and sa~d costs, charges and expenses, each and every, shall be immediatety due and payable; wF.ether w not there be norice dr mand, sttempt ro cotled w tuit pend~ng; and the full amount of esch and every wch payrtxnt sha11 bea~ in~erast from ihe date thereof until paid ~t the rate o( nine per centum per annum; and all said rnsta, charges and expenses incurred w paid, togethe? wdh such interest, shatl be secured by the lien of thif mortpags. ` 6. That (a? i~ the event of any b~each oi this Mortgage w default on the pa~t of tix MORTGAGOR, or (b) in the event any of saSd s~ms of money herein refe~red to be not promptly and fully paid within thirty (30) days next after the same seve~alty becpne due and payable, without demand or notice, or (c) in the event each and every the stipulations, agrceme~ts, conditions and covennnb oi sa:d promissory note a+~d th~a morigaqe any p either are not ~uly, promptly and fully perfwmed, d:scbarged, executed, effected, completed, compl~ed w~th :.nd abided by, then in-e~ther w any such event the said a9- gregate wm mentioned in said promiuory note then remaining unpaid, with interest atcrued, and a1I nwneys secured hereby, shatl become dut and pay- able fwthwith, u thereafter, at the opr~or~ of said 1NORTGAGEE, at fully and completely as if all of the said sums of mo~ey were «iginalfy st:pulated to be pa~d on such day, anything in sa:d prom~ssory note or in this Mortgage to the contrary notwithstand~ng; and thereupon or thereafter at the oprion of said MORTGAGEE, wirhout notece or demand, wit at law or in equity, tfxreiore or thereaftcr begun, may be prosetuled as if all moneys secured hereby had matuaed pna to its institution. 7. TMt in ths evMt that at the beginning of w at any time pendi~g any suit upon this Mwtgage, or to foreclose it, w to reform it, or to enforce payrtxnt of any claims heieunder, uid MORTGAGEE shall apply to the Court having jurisd;ction thereof for the appointment of a Receiver, such Court shall forthwith appoirtt a receiver of said mortgaged prooerty atl and singulsr, incl~d~ng all and s~nguls~ the income, prof~ts, iswes arsd reve~ves from whatever source derived, each and every of which, it being expressty understood, is hereby mortgaged as if speufically sat forth and deuribed in the granting and habendum clauses htreof, and such Receiver shalf have all the broad and effective furxt;ons and powers in anyw~se entrusted by a Court to a Receiver, and such appointment shalt tse made by such Court as an admitted equity and a matter of abso~ute r~ght fo uid MORiGAGEE, and w~thoul reference to the ~ edequacy or inadequacy of the value oi the poperty mwtgaged or to the sotvency or insoive~cy of said MORTGAGOR o~ the detendants, and Ihat such renrs, profits, income, iuues and revenues ih.!I be applied by such Receiver according to the lie~ or equity of taid MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect, mmp~ete, comply with and abide by each and e~ery the stipulations, ag?cement~, candita~s and covenants in sa~d promissory note and this morigage set forth. 9. That in the event thc ownership of the mwtgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuors and ass+gns, may, wifhout no~ice to the MORTGAOR, deal wiih such succesxa w successor in interest with reference to th~s mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharg~ng the Mortgagors' liability hertr ~i under or upon the debr hereby _secured. No sale of the premises hereby mortgaged and no forbearante on the part of the MC~RTGAGEE or its successws # or aasigns and no extension of the timt for the payment of tbe debt hereby secured given by the MORTGAGE~ or its successors o? auigns, ahall ope~ate i io re~ease, dixharge, modify change w affect the orig;nat liability of the MORTGAGOR herein, either in whole or in parL ~ 10. It is spec+fically agreed that time is of the essence of this contract and that no wsiver of any obligatien hereunder w of the obligstion se- ; r:red hereby ~hatl at any time thereafter be held to be a waiver of the terms hereof or oi t1x instrument secured herby. 11. In add~tion to the ferego:ru~ monthly paymenb of princ"paf and inrerest requi~ed by the promtssory nore secured hereby, mortgagor covenants and agrees to pay to n:ortgagee with each monthly payment an addirional s~m estemated by mwtgagee to be equal to 1/ i2 of the annual cost of the follow- ing: A-Alt real property taxes levied or assessed agai~st the above descri5ed real estate. , ( B-Premiums on fiire and windstwm +nsurance as i~re;n requ;red to be carried on the improvements situate on the above described premises. C-Premiums on s~ch martgage guaranty insurance as mortgagee shall from i~mE to ti~ne deem fit to tarry on the loan secured hereby. ~ , Mortgagee shatl from time to time notify mortgagor in writ~ng of the amount due and payable he~eundtr and such sum shall thereupon be due and payab~e on tne due date of the next month!y payment and each svccess+ve momh thereafte~ ur.til mortgagee shall notify mortga9or of a change in such ~ amount. $uch su~ns sha'.1 be applied by mortyagee toward ihe payment of real property taaes, insurance prem;ums, and mortgage guaranty insurance ' i premiums. • ~ IN WtTNESS wNEREOF, rha uid ORIGAGOR has hercwnto set h+s band and seal the day and year first aforesaid. ' Sig Sraled a del' er ' the presence of: CO h fl~-1!~ q~Ak~O~Ph an ~ ~ • ~sn ~ ~Seaq ; /Seap I I STATE OF FLORIDA ~ COUNTY OF _ St• L.1~C1@ ~ ` 8e#ore me penona!!y appeared Ct1a]~11@ D. R2?IldOlph a~ j .J UZ ld M s R andolph his wife, to me well known and known to me to be _the individvals described in and who executed the foregang instrument, and acknowledged beforo me that they executed the same for the purposes Ihlflifl tkPflSfCd. irK sa_ i~~ T ~1 ' . - . . ~ ~i ` ' wife of-the said Charlie D. Randolph ~ upon-6 separst4 a~d .privsre ~ examinatio~ by me taken separate and apsn from he? said husband, ackrawledged to and before me that she executed ,ssid 'NbTt • ~ , u,r~i<fj~~ly Ond vo{ue- i tarily and wKF~out any compulsion, constraint, apprehens~on, ~~ear of or from her sa~d husband. ; i; WITNESS my hand and official seal thi. f'~ dsy'of_ February ~•-c°"~• %~i:~ 19 ''7~ • ~t , ~ ` _ .._S~ ~ _ ; . . .t . : ~ ' • Notary Pubtic in snd (or th~ St~t~t,~ ~Fb?ida:M Liipe'. : ~ ae~~~o To: ~F!!`EDM~:r~~t~~EE0R~33EB•%Z'~.,~.:'~/ ~ 3 7/ Fint Federsl Savings ~ Loan Associat~on • . V~1 i.f~Utl'~Y, ~ " " Of For! P;e~ce. ' ~ . ~ ` ` ~ ; ' t' ~ ~ ! . ~ ~ ~ . ' Fort Pierce, Florida 19030 - ~ ~ ~ ~ F~~ 26 Pjd 2:28 ~ This Instrument Prepared By Richard K. Kayes './jj:~ ` First Federal Savings 8~ Loan Association ~ of Fort Pierce~ Florida " ~TF~~~ ' . _N~C C:RCt1IT ~~dUR7 Checked By BODK ~vt~ PAGE ~ ~ ~ ~ ~ _ ~ ~r . _ . = > ~ - . - :