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Home My WebLink About1837 3. To plate and continvously kesp on the buildings now w hereafter ~i~uata on said land and on al{ equipment and pe?sonally covered by this ma~g- sge, with all premiums thercon paid in full, fire insurance in tne usual atandard po!ity fam, i~ a aum approved by the MOR~GAGEE, and windstorm insurance i~ the usual s~andard pot;cy fwr», in • sum app~oved by the MORTGAGEE, in such company or companies as ~he MORiGAGEE may di~ed; and all (ire and windstorm insuranta poliues on any of said build~ngs, any interest therein or pa~t thereof, in the agqregate sum aforessid o? In excess Ihercwf, shal) contain the uwal s~andard mortgagee clause o~ such o~he.v ctause as the Alortgagee may requ~~s, making the loas undc~ sa~d pol~ cias, each and every, payabte to said MORTGAGEE as its interett may appear, and each and eve~y suth poticy shall be promptly ass gned and de~~~ercd to any held by said MORTGAGEE as further seturity to ~8id matgage detrt, and, not leu than te~ (10) days in advance of the expi~at~on ol each policy, to da tiver to said MORTGAGEE a renewal thereof, topether with a receipt for the pramium of •uch renewal; and there shali be no f~re o~ winds~orm insurance p~sced on any of said b~ildings, any interest Iherein w part thrreof, unless in tF+e form and wi~h the !oss payable as aforesaid; and in the evenf any sum of money becumes payable under suth policy p policies said MORTGAGEE sha11 have the opr~on to rete~ve and apply the sa,ne on accounf of the indebted- ness secured hereby w to permit said MI~RTGAGORS to receive and uu ~1 w any part ~heceai ior oti~rr purp~srs, v.~iho.,t sh~nu~ wa~~~,~g ur unpair- ing any equity, lien o? r~~ht undt~ w by virtue of this mo:!yage; and in Ihe evenl sa~d MORT(iAGURS shaii fo~ any ?eason fail to krep tl~e sa~d premistt so insured, or fail to deliver promptly any of said policies of insurarxe to sa~d MORTGAGEE, or fai! promptty to pay tully any pre~ni~m thcrefw or in a~y respect fail to per(«m, d~scharge, execu~e, effect, complete, comply with and abide by th~s covenant, w any part hareof, sa~d MORTGAGEE may place and pay for such insurance w any part thereof without waiving w afFecting any option, lien, equ~ty, w rlgh> u»der or by virtue of this Mwt9age, ~nd the full amount of each and every such paymenl shall be im,nediately due and payable and shall bear inters~ from the date thereof until paid at the ~a1e o1 nine per centum per annuin and together with suth inte~est sha~i be secured by the tien of this mortgage. 1. To permit, commit w suffer no „vaste, impairment ot deterioration of said propcrty or any part thereof. 5. To pay all and singutar the caats, charges and expenses, i~cluding a reasonable afra~ey i fee and costs of abstracts of title, incurred or psid st any time by said MORiGAGEE, becauu w in the event of ~he fa~lu~e on ~he part ot ~he said MORiGAGOR to duty, promptly and tully periwm, d~scharge, ezecute, effect, comptete, comply w~th and ab~de by each and every the st~pulanons, agreen,ents, conditions, and covenanes ot sa~d promi:sory note and this morrgage any o? e~~hrr, and sa~d costs, charyea and expenses, each and every, shall be immed~ately due and payable; whether or ~ot there be not~ce d~ mand, attempt to collect or suit pending; and the full amount of each and every such paymem shall bear interest from ~he date thereof untif paid at the rate of nine per centum pe~ annum; and all said costs, chargea and expr~ses inturred or paid, together w~th such inte~est, shall be secured by the lien of this mortgsge. 6. That (a) in the event oi a~y b~each of this Malgage o? default on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not pranptty and futly paid within th~rfy (30) days ~ext afrer the same seve~a:ly become due and payable, without demand or ~otite. or {c) in the event each and every the stipulat:ons, agreemenK, conditions and covenants of sa.d promissory note and th~s morlgage any pr either are not iuly, promptiy and futly periorme~, d:uharged, ezecuted, effected, completed, ca.n~,fed wifh a!id ab~ded by, then in e~ther w any :uch eveat the said ag- gregate sum mentianed in said promiuory note then remaining unpa~d, with interest accrued, end all moneys setured hereby, shall become due and pay- able forthwith, w thereafter, at the option of said MORTGAGEE, as fuily and completely as if a!I of tl~e said s~ms of money were w~ginafly stipulated to be pa+d on s~ch day, anything in sa;d promisso~y note w in this Morigage to the cont.a~y ~otwithst~nding; aRd thereupon or ttw~eafter at the option of said MORTGAGfE, without notice a demand, suit at law or in equ~ty, therefo?e or thereafter begun, may be prosecuted as if all moneys tecured hereby had matured pnor 1o its institutiori. 7• Tha1 i~ tF+e event that at the beginnlrg of or at any time pending a~y suit upon th7s Mo.tgdge, or ro fweclose it, or to reform it, or to enforce payment of any tlaims hereunder, said MORTGAGEE shall apply to the Cou~t having jurisd~ction thereof (or the appointment of a Receiver, such Court shall t Forthwith appoint a receiver of said mo~tgaged proQerty all and singular, includ~ng all and s~ngular the income, prolits, issues and reven~es from whatever i source derived, each and every of wbich, it being expressly unde~stood, is hereby mortgaged as if spec~(ically set forth and deuribed in the g~anting and habendum clauses hereof, and such Recriver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be rr~de by such Court as an admitted equity and a maner of absolute righi to sa~d MORTGAGEE, a~d wirhout reference to the adequacy a inadeq~acy of the value of the property rtpngaged or to the solvency or insolvency of said MORiGAGOR w the defendants, and that such ren~s, profits, income, issues and revmues sFwU be applied by such Receiver accwdi~~g to the fien w equity of said MQRTGAGEf and the practice of such Coutt. 8. To d~ly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide b~ each and every the stipulations, agreements, cond~twna and covenants in sa~d promissory note and this mortgage se* forth. 9. That in the eve~t tF~e ownership of the mortgaged premises, or any Farf thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, irs successws and assigns, may, without no~ice to the MORTGAOR, deal w~rh such succe:sor a successor in interest with reference to this mo:tgage and the debt he;eby secured in the same maruier as w~th Mortgago~ wiihout in any way vitiating w d~xharging the Mortgagors' liability Ir~re- under w upon the debt hereby secured. No sale of 1he p~emises hereby mortgaged and no forbearance on the part of tl+e MORiGAGEE w ita ~uccessors or assigns and no extension of the time for the payme~t of the debt hereby secured given by the MORTGAGE'_ or its successors or assigns, shall operata ~ to release, dixharge, modify change w affect the or~ginal Iiab~lity of the MQRiGAGOR herein, either in who~e or in part. 10. tt is speuficatiy agreed that time is of the esxnce of this contract and that no waiver of any obligat~on I~ereunder or of the oblgatan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereot or of the instrument secured herby. 11. In add;t:o~ to the forego:ng monthly payments of princ'pal and interest required b~ the prom~ssory no!e secu~ed he~eby, mortgagor tovenanis and agrees to pay to mo:tgagee with each monrhty payrnent an addi~ional sum est~n:ated by mortgagee to be equal to 1;' 12 oi the annuat cost of the follpw- ing: A-All real property taxrs levied or assessed agai•ist the above descri5ed real estate. B-Prem~u•ns on fire and windsiarm insu~ance as herein requ~red to be carried on the Improveme~ts sit~ate on the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shalt fram r:me to time deem fit to carry on the loan secured heieby. Morfgagee shail from time to time notify mortgagor in writing of the amount due and payabte hereundrr and such sum shall thereupon be due and ~ payable on the due date of the next monthly payment and each successive morsth thereaffet urtil mortgagee shall notify mortgagor of a change in such ? amount. Such sums sF.alt be appiied by mortgagee toward ti+e payment of real property taxes, insurance prem:ums, a~~d morfgage guaranty insurance premiums. . IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto iet his hand a~d sea) the day and year first aforesaid. Signed, Sealed and delivered in tIx presence of: ~~~0 a(~~ R~CO~ ( Seal) 5T, LUCIE COUNTY; F ,q RECOP,D VFRI~~ED ti.,,~ ~s~ i91290 ~ ~ ~ v SeaO 'TO MAR 20 AN 10: at~.ti ti.e..ctiL~ s~ai SiATE OF fLORIDA ~ ~ COUNTY OF S t. L uc ie ~ ~ ~ RO ' R P R Before me perwrwlly appeared ' ' a~ _?~Ann C~ttman, ~115 Wlf@; JOt1T1Tly M. Green d OS lil _~nnw~fe, to me well known and known to me to bs the individuals described in and who executed the foregang instrument, and atknowtedged befwe me that they executed the same fw the purpose~ o~fe{"heP`saict :a~ Amelia Green wife of t said oosevelt Green• oAnn Cottm n w' fe ~f,~~c~c Ralph Cottman; and Rosalind Green wife of the sa~d Jo nn~? ~S. reen ~ ~ pn s separate and privats ~ examination by me taken separate and apart from her said husband, scknpvviedged to snd before me that she executed said instrurttent freely and voFvn- rarily ared wiihovt any compuls'~on, constreint, apprehens~on, ~ fea~ of or from t~er saEd husband. WITNESS my hand and official seal thit ~L7.- day of rCh q. p ~q 7O Notary P ic in and for the tata of Fbrida at Large My iuion expires: ~ - ~ ~y ~ / Return To: ~ first Federal Savings d. loan Associat~on ~~ij~~~~~~ Of Fort P~erce. ~t~ ~'4~~•" ~~tr~{ Q'l~ic. Stete af Porida at larqe Fort P~erce, fforida `~`;......~'.77~ ~~i~•. ~~y G;:`... ~tss~xi ~z~7ites 1`.:~y. b. ~9~~ Jv ~••'y. ~1,'~. L~;, ~if . ~ouw h Aw~n~~ fr~ 6 C+r+ItY CA: -~t y~ : ? : ~ : . This Instrument Prepared By John w Coili ~G?, ~ ` ~ '~m' 1 - ' i First Federal Savings 8~ Loan Association s,"i ; q; of Fort Pierce Florida '•'~T'~ # s ,~0~•.~.~ ~ - Q.=-'~: ~sc „ i ~,P p ••...••~G ~ ~ Checked By ~ - ''~11~ • S i A ~ ~ ~ 11i] ! 4'.'::1\ 3 600K 1~J PtiCE~~J~ _ ~ cf ~ : - - ~ : ~ - - - l~_~ _ -~x