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Home My WebLink About2622 . , ~ . ' f .j ~ ,t' ~ 3. To place +nd contirwously kecp on tM bui!dingi now w hereaft~~ utwte on said I+nd and on alt equipment a~d penona~ly covered by thh mat~ ag~, wilh all premiums tlxreon paid in full, fire insurence in the usual standard policy form, in a tum approved by the MORiGAGEE, and w~ndttam Inwrant~ in the us~ai aunda.d policy fwm, in • sum approved by ~M MORTGAGEE, in such company w comFanles ai the MORTGAGEE may diroctj ~r+d afl fire and windstorm insuru+ce poliuei o~ +ny of se~d build~nps, ~~y intere~t tlxre~n w part thereof, in the aggreya~e tum afa~said w M ~xceis lhereof, sha0 cont+in tha usual standard mortgagee clauie w iuch o1he~ clavss u the Mortpafle~ may requue, makinp the loss u~de~ ia~d poli- tiei, each ~nd every, payabts to said MORTGAGEE as ;b interesl may appear. ~nd eath and wery tucA pol~cy ihall be p~anpHy ~u~9^cd +"d ckl've~cd to •ny !rcW by said MORTGAGEE as further ucurity to said mortya9e debt, and, not leu tMn te~ (101 days i~ advance o( 1he expiration of esch polity, to dr live~ to said MORTGAGEE a renewal thereof. toge~hN with a receipt fw the p~emium oi wch renewal; and ~here shall be no fire o~ wind~torm Iniur~ncs pl~ced on ~ny ot said buildings, any interest there~~ w part thereof, unless in the form and with the loss payable as a(weuid; a~d in tM event +ny swn of money becomes payable u~der such poliq or pol~ciei ssid MORTGAGEE shalt have ~hs opi~on to receive and apply ~he same on accounl o( tF?e I~debted- ~+eu secu~ed hereby w ro permit said MORTGAGORS Io ~eceiw ~nd uss it w any part fhereaf ior orhrr pu~poses, wi~hout ~hercb/ waivi~x~ w ~mpair- ieg any eqvity, lie~ or rght ~ndcr or by virtw of this mors9sye; +nd in tM event ~aid MORTGAGORS shaU (w any reason fail to keep the said prem~us w Inaured, p fai) fo deliva prornptly any of uid policies of insurance to said MORTGAGEE, w fail promptly to pay fully sny premium therefw or in any respect fai~ w perf«m, discharge, execute, effect, complete, comply with and +bids by this tove~am, w sny par~ hereof, said MORTGAGEE may place and pay fw iuch inwrancs or any part thereof withoul waiving a+ffectinp any option, tien, eqvity, w rigM under w by virtue of this Mwtgags, ~nd tM full amov~t of each and every such payment shall bs ~nwnediataly due and payable ~nd ~hall beu interest from ths date ~hereof ~ntil paid N tM ra~~ ol nine pe~ centum per annum and together with suth iNeresl shall be ucured by the lien oF this mortgsge. 1. To permit, commit w suffer no waste, Impairment w deterioration of said property or any part thereof• 5. To pay sll and singulu the costs, chargea a~d expenses, including a reasonable attorney'i fee and costs of abstracts of titls, ir.curred a paid +t any time by said MORTGAGEE, because w in the event of ~he failure on the pa?t of Ihe said MORTGAGOR to dvly, promptly and fuliy perfam, dixhar9e, execute, effed, compiete, complY with and abide by each and every ?he itipulations, agrecments, co~ditions, snd covenants of said promissory rate and thu matgage any or either, and said costs, cMryes and expenses, cach and every, shall be immediately dw and payable; whether a not there bt notics- de mand, attempt to collect or suit pending; and the full ameunt of each and every s~ch paymeM shall bear interest from the dats tF?ereof until paid at Ihe rate of nine per centum per an~wm; and all said cosri. charges ~nd expeoses incurred o? paid, togelher w~th such iNCresl, ihall be teturtd by the lie~ of thi~ morl9aQe• 6. Thsl (s) in the event of any breach of this Mortgsge or default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money he~ein referred lo be not promptly and f~lly paid within thirry (30) days r?ext after the same uve~a:ly become due and payable, withovt dcmand a ootice, w(c) in the evenl each and every ~he stipu~ations, agreements, conditiom and covenants of sa:d promissory note aod th~s mortgage any w ei~her are no1 ~uly, promptly and fully perfwmed, d~xh;rged, executed, effected, completed, comptied with ~nd ~bided by, then in eitFx~ w any such eveM ths s+id ag ~regate sum mentaned in said pranisswy note thtn raraining unpaid, with iNerest accrued, and all moneys secured hereby. shall betane dw and pay- able forthwith, o~ thereafta, at tl+e optan of said N.ORiGAGEE, as fulty and completety as i( atl of the sa~d sums of mooey were aginafly ttipuleted fo be paid on such day, anything in satd promissory note w in this Mortgage to the contrary notwithstAnd'eng; and ~hereupw~ w thereafter at tM option of said MORTGAGEE, without notice w demand, suit at law ot in equity, therefore or thercafter begun, may be proaecute~ as if all moneys secured hereby had matured pnor to its institution. 7. That in tF+e event that at the beginning of or at any time pendi~g ~ny wit upon thii Morlgage, w to fpetlose it, or ro refwm it, w to enforte payment of any claims hc~eunder, said MORTGAGEE shalt apply to the Court haviog jurisdrction thereof fw the appointrrKnl of • Reteiver, sucl? Coutt sha~l forthwith sppoint a receiver of said mortgaged property all and singulu, includ~ng all and singulu the income. profits, issues and revenues from whatever tource derived, each and every of which, it being expressly und~rstood, is herebr 1no?tgaged as if specifically set fwth and destribed in the granting and habendum clauses hereof, and such Receiver shall have all the boad•s~d effective funtl~ons and powers in anywise entrusted by a Court to s Receiver, ~nd wch appointment shall be made by such Court as an admined equity and s rrytter of absolute right to said MORTGAGEE, and without ~eference to the edeq~acy or inadequacy of the value of the prope~ty mor+gaged or to tFx wwency or insolvency of said MORiGAGOR or the defendams, and that such re~n, profia, income, issues and rovenues shall be spplied by svch Receivar xcord~c~g to tl»..lien.or puity of said MORTGAGEE and the pradice of such Cou?t. . . . 8. To duty, promptly and fully pe~form, dixharge, execute, effett, complete, comply with snd abide by each and every fhe stipulatiw~s, agreemenb, conditioro and coven+nts in said promissory rwte and this mortgage set forth_ ' 9. That in the event the ow+~e.ship of the mortgaged premises, or any part thereof, beoomes vested in ~ person o1he~ than the MORTGAGOR, the MORTGAGEf, in successon and assigns, may, withovl notice to the MORTGAOR, deal with such successor a uxcessor in interest with retcr~nce to this mortgage snd the debt hereby secured in the sarne manner as with Mortgagor without in any way vitiating a discharging the Mortgagon liability hert undtr or upon the debt hereby secured. Mo sale of the premise: he~eby mortgaged and no fwbeara~ce on ~he part of the /NORTGAGfE or ih waeswn w auigns and no extension of the time for the Rayment of the debt hereby setured given by the MORTGAGEf o~ its wcceuws ot usipns, shall operate 1o release, discharge, rnodify thange or affett the wg~nal liability of the MORTGAGOR herein, either in whole a in psrt. 10. It is specificaliy aqreed that time is of the essence of this contrad and tha~ no waiver of any obligation hereuoder or of the obliyation sr cured hereby shall at any time thereaher ba held fo be s waiver of the terms hereof or of ihe instrument secured herby. 11. In add~tion to the forego:~g monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgsgw covenanfs and sgrees to pay to mo:tgagee with each monthly payrixnt an addirio~aF sum estimated by mortgagee to be equal to 1/12 of the a~inual cost of the follow- ing: A-A:I real prope.ty taxes levied or assessed aflai~st the above desc+ibed real estate. B-Premiums on fire and windstorm insurance as Fxrein requ~red lo be ca~ried on the improveme.~ts situate on the above desuibed premises. i C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mwtgagor in writirg of the and payabie hdeunder snd such sum shall thereupon be d~e and payable on the due date of the next monthty payment and ~ac1? suc~esfive ~~a4~af~e~ urtil mortgagee shsll notify mortgagor of a charge in wch . amount. Such svms shall be applied by mortgagee towud the paymeM of real prope~ty taxes, i?~surance prem:ums, and mortga9e guaraMy ~rice ~~~~t: premiums. . ~~~1'~~ "l;,. IN WIiNE55 Y~HEREOf. the said MORTGAG~~~ert~N i:~j~~a~. se~~ the day u~d eu fint aforesaid. ' " r~'~~ y, r Signed. Seafed and de{ivered in fhe pr A~! G M DE P T•OO ~f' 'f ,y''r; °'°"S°t° ~.UCIE COUNTY, Fl.A. B ~ : ~ ~ - F?ECORn VEFIFt~U y en . isl , ~ e~~''~ " 1939~8 Attest - - - : ~ ~ rry ic i er, , r ~ ~ ~ ~ ~ g ; p7 ~ . . ; - - - - _ _ - - - - - - - - _ - - - - -~.-.,-~,y~~..; - ~~b . t~~ ROGEP POITRAS STATE OF FLORIDA CLERK,C~1(Y~j(~~'~.UCIE I HEREBY CERTIFY, That on this ~day of ''~'y , A.D. 19 7O , before me personally appeared Ste~hen Mic_ik, Jr. ~ and Harxv J. Kicliter, Jr. , respectively President and Secretary -Treasurer , of `1 K DEV~P?dENT CO~F'!1l~IY, I;iC. , , a Florida Corporation, to me known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mentioned; and that they affixed thereto the official seal of said corporation, and the said instrument is the att and deed of said corporation. WITNESS my hand and official seal at Fon Pierce ,~ia~c~,~ount~~a~d,st This instrument prepaxed by ' t~'ra. E. Braun Notary Public, (n and ~Sta!$, and~nty aforesaid. First Federal Savings and Loan My Commission'Pxpi ~9 i:`~ ~"97/ ssoci~tion of Fort Pierce, Florida t+~r' tiS~~1e ol flc;;Ja ~t .a~9c . . f~res Auq. 6 19T1 ~ ~ii~r. i~r ~ ta.~ trr eh~ked By ~ Return To . ,,~f~~~~~v....s'~A~~ :~~~~:~=u First Federal Saving ~ Loan Assn. - aoox~84 ~2619 of F~ ~ce, Fb~~~ , ~ ~ .s. c;~ _ - _ - _ _ ~ ~ _ ~ _~x_____. _ ~ ~..~___e ~ ~