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Home My WebLink About1453 4 I . ~ 3. To pix~ •nd contin~sly kNp on tM b~ildieys now a her~aftN utu~t~ on sa~d Isnd and on all cQuipment ~nd personally cove?ed by lhis mort~ ~g~, with a11 prcm3ums tF,ereon pa~d in full, fir~ inswana in tM usval uandsrd policy f~m, in a sum appro~ed by the MORiGAGfE, and winds~orm inwr~nc~ tn the uswl s~andsrd policy farm, ~n a sum app+oved by tAe MORTGAGEE, in such company w companies ai the MORTGAGEE en~y dirKlj ~nd all fire ux! wiedstam insuiant~ polities on ~ny of said buildirps. any tnr~re~t tMrein w part thereof, in the aygrega~e wm a(wruid o~ in ~xtesa Ihereof, sAall contain the v~wl standsrd mortgs9K cl~us~ w such ot~ daus~ as ths MortpaQ~e may rcq~;r~. makinp 1hs lou under s+~d po1F cies, each and every, payabl~ to said MORTGAGEE ~s its i~terett m~y ~ppear, ~nd each and every auch poticy shall be promp~ly ~~s 9ned and delive~ed to any h~ld by said MORTGAGEf as furfhe~ security to said mort9a~e debt, and, not leu tMn ~en (10) days in advance of the expiratiw~ of e~ch policy, to dr liver ro said MORTGAGfE a renewal thereof, topeth~? with a receipt fa the prsmium of cuch renewal; and there shall be no fire or winds~wm iewuranc~ pl~ced o~ a~y of sa~d bvildings, any i~tcrest th~rei~ or par~ theroof, ~nku in the form a~d wi~h the lou payabk as afwesaid; and i~ tM ev~nt any tum of n?onsy beco~,es payabl~ undK wch policy a policies siid MORTGAGEf shaH Aave ~he optiort to ~eceive and apply fhe same on account o( the irwiebted neu secured he~eby or b permit s~id MORTGAGORS to rKeive ~nd uN it p a~y part thereof for other purposes, without ~har~b~ waivi~?g or lmpai~- iry any aq~rity. lien or right ue+de~ or by vinus of this morty~ej and in the event sa~d MORTGAGORS shall for a~y reason iail fo keep the said premises w insured, or fail to delivai ptpnptly any of aaid policies of iniurante ro said MORTGAGEE, w fai) promptly to pay fully any premium therefw q in ~ny respect fail b pwfam, ~ixlNrye, e:ecute, eifecl, compteta, compFy with u+d ab~ds by this covenant, o~ any pa~t hereof, said MORTGAGEE may pl~ ~nd ~ PaY fa iuch i~~ranc~ w N+y put thereoi without w~ivinp or affectinp any option, lien, equ;ty. w r;gh~ under or by virtue of ~his Matgsye, and the full amount of each and evtry such RaYment shall bs ienr!~ediately dw a~d payable and thall be~r int~est from ths dats thereof un~il paid at the rate ol nine per centum per +nnum a~d togethu with such inte+est shatl be secured by the lien of this matgag~. 4. To permtf, cwnrnit or wffe~ no wuts, imp~irmeM or dete~ioratan of ssid prope~ty a ar~y part the~eof. 5. To pay aN ~nd sinpulu the casb, cl~anpes a~d expenses, includinp a reasonable atitwney's fee and costs of abstrads of title, incvrred o~ pai~l at ~ any time by said MpRTCaAGEE, because or in the event of ths fsilwe on the part of ~he taid MORTGAGOR to duly, promp~ly and fully pe~torm, dixhargR ~ execute, effect, compkte, comply with and ~bide by ~ad? u,d evrry ~he sriputa~ions, agreemenn, conditia~s, and mvenanrs of said pramissory note and ?Ais 3 mortgaQs any w eiihe~, and said cosls, char9es and expenses, esch and every, sMll be immediately due and payable: whether w not ~here be ~ot~ce dr ~ mand, attempt to colkct or wit pe~dinq; and the f~ll amount of each and every s~ch payment iha11 bea. interest from tfa date thereof until FvW ~1 tht ~ rate o( ni~e per ccntum per an~wm; and aIJ said coat~, tAai~es and expenxs incurred a paid, together w~th such interest, shall be tecured by the lien of thu '^wt9+D~• i 6. That (a) in the eva?t of any breach of this AAortysqe or defauh on the pah of the N10RTGAGOR, or (b) in tl~e event sny of sacd sumf of money herein ~eferred to be not promptiy and f~tly paid within thi~ty (301 d+ys next afier the same severafly become due and payable, without demand or notice, or in the event each and eve?y the stipulations, sgreements, conditions and covensnes oi sa~d promissory rwte and th~s mort9age any w eithe? a~~ nol iuly, promptly snd fully perfwmed, d~xhargrd, exacvtad ~ffected, compkted, compi~ed with and ab~dcd by, then in e~ther or any :uch ever?t the sa;d aQ g~egate wm menYsoned i~ said promissuy note ?hen remaioiny ~npaid, with interesf ~ccrued, and a~l moneys aecured hereby. sMll become dw and p~y. able fwthwith, a thereafta, at the option of said MORTGAGEE, ~s fully and comptetely as if all oi the said wms of rtwney wcre orgina{ly stipulated to be paid on suth day. anythiog in sald p~omiuory note p in tius Mwtyage to the conuary notwithstanding; and therevpon or tl~ercafter at tM optEOn of said MORTGAGEE, witho~t norice or demand, suit st law w i~ equi:y, therefore a thereaitcr begun, may be prosecuted as if all mw~eys secured hereby had matwed prar to in institution. i 7. That in the event tMt at the begi~n~~g of or at any fime pend'ing arty suit upon this JNorrgage, a to fweclase H, or to refwm it, w to enfwee ! paymem of a~y cla~ms herarnder, said MpRTGAGEE sh~ll apply to the Co~rf having jurisdiction thereof tor ~he appantment of ~ Receiver, such Covn shatl Fwthwith ~ppoint a receiver of said rtwrtgaged property all and su+pular, includ~ng aIl and sirgular the income, profits, iuues and revenues from wha?ever sovrce de?ived. eat}~ and every of whitly it beirg expreasly u~tderstood, is he?eby mortgaged as if spetifitally set forth and described in the yro~ting a~+d habendum clavses her-of, and s~?ch Receive~ shall ksve sll the broad and effective funct~ons and powers i~ anywise cntrusted by ~ Court to a RKlIVN, and such ippointrrKnt shatl be made by wcA Court u an admined eqvity ar~d a matter of abaolute right to said MORiGAGEE. snd without reference ro th~ edequacy or insdequacy of ~he wtue of the pcaperry rnortgsged e. ~o ~he sonrency w~nsol~ency ot sa+d MpRTGAGOR w the defendants, and that tuch rems, profin, income, iuues sod revenues shalf be spplied by sucF+ Receiver suord~ng to ~he lien w equity of said MORTGAGEE snd rhe practice of such Cou~t. 8. To duly, promptly ~nd fvlly perfwm, diuharge, execute, effect, compkte, comply w;th and abide by each and every ths stipulatian, ag~eemeny, conditions and covenants in w~d promiuwy note and this mwtpage ut forth. 9. That in the eveM the ownanhip of the mortgaged premises. o~ ury psrt tl+ereof, becomes vested in a pason othn than the MORTGACsOlt, the MORiGAGEE, its successon and assigns, m~y, without notice fo tl+e 1MORTGAOR, deal with such wccessor a wccessw in interest with reference to this mortgsge and the debf he?eby setured in the s~me maru~et u with Nbrtg~gw without in s~y way vitiati~g or dixhsrging the Mwtgsgors' liabiliry Fierr under or upon the debt hereby secured. No sale of the prem;ses Frcrcby mortgaged and no fabearance on the pan of the MORTGAGEE w its successon ; o~ auigns and no e:tension of the time fw the psyment of fhe debf hcreby secured given by the MORTGAGEf o~ its successors or auigro, ~luf's operat~ lu ' to release, discharge, modify thange or affect tM wiginal liabiliry of ehe MORi6AGOR herein, e'rther in whole o~ in part. ' ; 10. It is specifically agreed that time is of the essence of this cont.act and that no waiver of any o6ligation hereunder w of ths obligaYwn t a:red hereby shsll at any iime thereahe? be held to be a waiver of the terms Fxreof a of the instrumem secvred herby. 11. In add~tion to the forego:ng mo~thly payments of p~inc'pa! and interest required by the promissory ~ote secu~ed hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an sdd~rional sum est~mated by mortgagee to be eqva! to 1/1? of the annva) cost of the follow- ing: A-All real property taxea kvied or assessed agai~st the sbove desc?ibed real estate. B-Premiums on fire and windstam i~surance as herein requ~red to be carried on the improvements situate on the sbove described premises. C-Premiums on wch mortgage guaranty inswsrKe as mortgagee shall from rime to time deem fit to carry on the loan secured haeby. Mortgagee shall fram time to time nmify mortgagor in writing of the amount due and paysble F?e+eunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive momh thereafter urtil mortgagce sha11 notify mortgagw of a change in wch amouM. Such sums sF.aPl be applied by mortgagee toward the payment of real property taxd, iruurance prem:ums, ~nd mortgaye rsnty i~urance premivms. !N WITN SS WHEREOF, the said MORT GOR hss hereunto set his hand and seal the day ar first af id. ` Sig~ es d a eiiver resence of: ~ ; ~ ~ t n ; ~n ; SiATE OF FLORIDA ; COUNTY OF Sti I+ZlC~6 ~ i eefore r~ ~sorwuy a~ear~d _ J~mes Rpy Albritton Iva Jeanne Albritton ti;, w~r~, ro ~ weu k~ .~d ~w~,~~o.~ b b. tbe indiridwb desuibed in and who executed ths foreyoirg instrumerN, and acknowtedged before me that they executed ths ss~1~ purposea r~.eM .x~~d. a,a ~r~ .~,d Iva Je anne Albr3tton . : • ~ , s : . - .•'r i-' - • w~re or ,~~a James Ray Albritton exami~stion by me taken separate and ~psn from her s~id hvsb~nd, ~dcrqwledged ro and before me that she executedfM~;w7~M firil ~ wiihpuf ~ tpm 1fip11, CoMtraiflt, ~~;u~-~.~'E~~~~-~~ 1' ^Y P~+ +PP?ehension~ ~r feu of or from her ssid husb~nd. WRNE55 my hand and official seal thi: _+~.sr:r~:(r.R t• . d.,, ~ ~9~~t~ _ . , 'J : E-- ~`j- ~ ~ ~ F~~EO' F~,."- ja - , Rehrrn Ta C i. C'' ` ' J F~..r Fed~.~~ s.~~~s a ~o~+ k.«~~rw~, ~ ~ ST'~ CpRO ~'ERIFIED ~~':~~~z,•~~~'; Of Fort P,~.«. . 19318~ r.,, Fort Pierte. F~a~a 3Z • 3- ,~a e ~ • ~ ~ This tnstrument Prepared By Richsrd Kayes ~~~~RAS ~ F+rst Federal Savings d~ loan Association ~ 0 v-~ R7r ! of Fort Pierce , Florida CLERK CIRCU~? COU ; ; ~ Checked By La ' - ~~~8~ ! ~ pa E ~ ~ k '