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Home My WebLink About1862 • - . . ~ ~ 3. To place and continvously kee~ on the bui!dings now o~ hereafter situate o~ taid land and on all equipment and pe:sonally covered by this matg- age, with a!1 premiums lhereon pa~~ in full, fire insurance i~ ths usual seandard policy form, in s s~m approved by the MORiGAGEE, and windatprm insurance in the usual s~andard pol,cy (o~m, in a sum app~oved by the MORTGAGEE, in such compa~y o~ companiet at the MORTGAGEE msy direcr, and all f;re and w~nds~orm 7nsurance pol~c~es on any of said build~npt, any infe~esf therein or pert thereof, in the agg~eqa~e ium aforesald w in excess thereof, shaN :o~tain the usval standard malgagee clause or ~uch other clauss as the Morlgagee may ~equire, maling the loss under sa~d poli- ciee, each and eve~Y. Payabfe to iaid A10RTGAGEE ae ~h in~rrest may appear, and each and every s~ch poi~cy shall be promptly ass gned anc{ dalivered to ~ny held by sa~d MOR(GAGEE as further secur~ty to uid mwtgage deb~, and, nm les~ ~han ten (10) days In advance o( the ezpirat~on of each policy, to dr liver to said MORTGAGEE a renewal thereof, together with a receipt for the premium oi tuch reneNal; and Ihere shall be no f~re or windstorm insurance placed on any of said buildings, any interest there~~ or part thereof, unless in the form and with the toss payable as aforesaid; and in the evenl any sum of money become~ payable u~der such policy or polKies said MORTGAGEE shall have the opt~on to receive and appty the same on account oi the indeb~ed- neu secured hereby w to pcrmit said MORTGAGORS to reteive and use it ot any pa~/ thereoS 1or othc~ purposrs, v.~~hr,ut th=r~ o~ waivin~ or u.~pair- ing any equ~ty, tien or ri9ht under w by virrue of this mo:rgage; and in the event uid MORTGAGORS shall fw any ~eason fail to keep the sa~d premi:ei so ~ insured, d fail to deliver promptly any of said policies of insurance to said MORTGAGEE, w fail promptly to pay fully any pre~n~um therefor or in sny ~espect fail to periorm, dlscharge, execute, effect, completa, comply wirh arx! abi~e by rhis corenant, ar any pa:t hrreof, :a;d MORTGAGEE may place and pay fw such inaurance a any part thereof w~thout waiving or afiecting any option, lien, eq~ity, w right under w by virtue of this Mwtgage, and the full a~nou~t of each a~d every such payment shall be immediately due and pnyable and shall besr interest from the date thereof until paid at the ~are of nine pe~ centum per annum and together with such intereat shall be secured by the lien oi this matgage. 1. To permit, commit os suffer no waste, impairment w deterioration of said property or any pa?t thereof. 5. To pay all and singular tlx costs, charges snd expenses, i~cluding a reasonabte attorney i fee and cos~s of abstracts of tiNe, i~curred or paid at any time by said MORTGAGfE, because w in the event of the failure on the part o( the said MORTGAGOR to duty, promptiy and fully perfwm, d~uharge, execute, e(fect, comptete, comply w+th and ab:de by each and every the stipulat~ons, agreements, conditions, and cove~,ants of sa~d prom~ssory note and thii mortgage any or eithei, and said costs, charges and expenses, each and every, shall be immediately due and payabte; whether w not there be notice de mand, attempt to co~lect or suit perxf~ng; and the full amount of each and every such payment sha~l bea~ interes~ from ~he date thereof until paid at rhe rate of nine per centum per an~~urn; and afl said costs, charges and expenses incvrred w paid, together w~th such in~erest, ahall be secured by the lieo of th~~ i mwtgage. ; 6. That (a) in the event of any breach of this Mor~gsge or defautt on the part of the MORTGAGOR, or (b) in the event sny of sa;d sums of mo~ey herein referred to be not promptly and fully paid within thirty (30) days next afte? the same severaily become due and payable, without demand or notice, or (c) in the evrnt each and every the stiputafions, sgreemeNS, tonditions and tove~ants of sa:d promissory note and th~s mortgage any or eitAer are ~ot iuty, promptty and Fulty perfwmed, d~scharged, executed, effected, completed, complied w~th and abided Sy, then in either or any svch eveM ~he aaid ag gregate s~m mentioned in said promisso?y note then remai~ing unpaid, with interest accrued, and all moneys secured hereby, sha11 become due and pay- able torthw~th, or thereafter; at the option of said MORTGAGfE, as (utly ard compterely as if a!! of the sa;d sums of mo~ey were or~ginally s~~pulated to be pa~d on such day, anythirg in sa:d promissory note w in this Mortgage to the cont~ary notwithstanding; and thereupon w thereafter al the option of said MORTGAGEE, w~thout ~otice or demand, suit at law or in equity, therefore w thereaiter begun, may be prosecuted as i( ati rtwneys secured hereby had matured pnor ro its instituric,n_ 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgsge, or to faeclose i!, or to re~orm it, or to enfprce payment of any cfaims 1+ereundea, wid MORTGAGEE shall apply to 1he Court hsving jurisdiction thereof for the appointment of a Reteiver, such Court shall forthwith appoint a receiver of said mortgaged p~ooeity a!! and singvtar, intlud~ng all and singular the income, p~of~ts, issues and revenues f~om whatever source derived, each and every of wh~ch, it being expressly understood, is hereby mwtgaged as i4 speuiically set forth and described i~ the granting and habendum clauses hereof, and such Reeeiver ahat~ have all the broad a~+d effective funct~ons and pawers in anywi=e enrrusted by a Court to a Reteiver, and such appointment shalt be made by such Court as an admitted equity and a maqer of absolute right to said AM1ORTGAGEE, a~d without reference to the adequacy or inadequacy of the value of the property mprtgaged or to the sonre~ty w insolvency of sa~d MORfGAGOR or the defendants, and that such ren~s, profits, iruome, issues ared revenues shal! be applied by such Receiver accad~ng to the lien or equity el said MORTGAGEE and the praUice of such Court. - 8. To duly, promptly and fully perform, discharge, execute, effect, complete, compiy with and abide by each and every the stipulations, agreeme~fs, conditio~s and covenants in said promiuory note and this mortgage ut forth_ 9. 7hat in the event rhe owne?ship of the mortgaged premixs, or any part the~eof, becomes vested ih a person other than the MORTGAGOR, the M.ORTGAGEE, its successas and assigns; may, wlthout notice to the MORTGAOR, deat with such successw a successor in interest with reference to lhis mortgage and the d~b1 hereby secured in the same man~r ss vrith AAortgagor without in any way vit;afing p discharging fhe Nbngagors' liabitity here- under or upon the debt hereby sxvred. No sale of the premises hereby mortgaged and no forbearance on the part oi the ~AORTGAGEE w its successors or assigns and no e:tertsion of the time fw the payment of the debt hereby secured give~ by the /~M1ORTGAGE' or its successors or auigns, shall operate ro release, discYwrge, medify change or affect the originat liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agrred that time is of the essence of this contratl and that no waiver of any obl~gat~on hereunder a of the obligaYan sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. 11, In add:tio~ to the forego:ng monthly payments of princ"pal and interest required by the prom~ssary no!e securecl hereby, mortgagar covenants and agrees to pay fo mortgagee v~•iih each monthly pay~nent an add~r'ronal svm estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- '^9: A-A?1 reat property taxrs levied or assessed against the above described real estate. B-Pren,iu~ns on fire and w~ndstorm insurar,ce as herein requ~red to be carried on the improveme~is situale on the above described premises. C-Premiums on such mortgage guaranty ir.surar.ce as mortgagee shall from time to time deem fit to carry on the loan sec~red hereby. Mortgagee shail f.cm ti~ne to time notify mortgagor in writing of the amount due and payable hereundrr and such sum shal~ thereupon be due and payable on the due eiate of the next mo~th(y payment and each successive month thereafter ur,tit mortgagee shall rwfify mor!gagor of a change in such amovnt_ Such sums sFa!I y~ apptied by mortgagee toward the paymenf of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS YlHEREOi'. the said A~{ORTGAGOR has hereunto set his hand and sea! the day ~yea? rst afor id. Sgr~ed, Seated and delivered ~n t~ P?~s~~ or: FI~.ED AND R~CORD Q" . ~ ~ 5'. LUC+E ~CUNTY, FL... 'n 2~ i t j ~ 1~34~`~ ~.n ; . i ~ ~ 6~ Q, ~ SiATE OF FLORIDA " • ~ ~ ~ couNrr oF_ St Luaie ~ ~ 8efore me penonally appeared ~ ~ and Iva J. IA s -~''~R~=' n~~ '~C 0 U R i ~ his wife, to me well k~wwn and known fo me fo be the individwls deuribed in and who executed the fuegoing instrument, and ecknoyvledged before me that they exetuted the same for the purposes t therein expressed. And the said z08 J. TAj~@8 i wife of the said VII'lOT!(,~ R. TAp63 upon e ~epsraM,~r~d private ~ examination by me taken separate and apart from her said husband, acknowledged to and before me that she execvted said W1~e~ ree~~~, vdum ~ rarily and w~tbwit any compvlsion, constrai~t, apprehension, or_f~ar of or from her said husband, ~'~_•`r~'^~;'; i r 7A WITNESS my hand and official seal thiL J-y day of_ ~y ~~'`Y ~,••••'~•b ~ ~ a ~ r_,^,r ~ ~ ~ T'r_~~:~`-:- V ' _ .rf . ~`s : ~~=~.r = - ~ 9 _ = Notary Public in and fw t Sta~eltif ~fC~,+r~ c ` ~ ~ r My Commiuiw~ expire~: {~l ~y~r 3 = Retum To: J ~ GT~ • First Feder~l $avings b Loan AssociaYron ~ ~1: ~ ~ _ ~ 3 -3 '11 " . ~ ~ . • ~ ~ Of fort Pierce. ~l,C~•" ~ Fort Pierce, Florida ~ ~~r ~ , ' ~ _ ~ ,`~f'I~.,.. . ~ ' { ~ ~ ~ This Instrument Prepared By JOhtl W. Co11iIIS ~ First Federal Savings 8~ Loan Association ` of Fort Pierce , glorida ~ Checked By,~_ ~ 800K~0~ PAGE~~e~ pa ` ~ , ~ ~