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Home My WebLink About0479 3. io placa snd conrini.ously keep on fhe bu~!d~ng• now o~ hereafter ~ilua~s on sa~d land and on ali equip~nent a~d pe~sonally ccvered by this mor~g• ' sge, wi~h all premiums thereon pa~d in full, t~rc inwronce ~n the usual standard policy form, in a sum apprwrrd by the MOR(GAGEE, and w;ndstorm : insura~ce in the usual t~anrlard pol~cy form, in a sum approved by the MORTGAGEE, in ~uch company ar compan~ea as the MORTGAGEE may diretl; and all fire ar.d w~ndstorm insurance potiues on any of sa~d build~ngs, any interesl therein or part the+eof, in the aggregate sum a(oresaid o~ in eatess thereof, shall coo~ain the usual standard mortgagee dause or such other clause as +he Mo+tgagee may rcquue, maAing the tose undar sa~d poli- cies, eath and every, payable to said MORiGAGEE as its iMere~t may appea~, and each and eve~y suth policy ahall be promptly ass gr.ed a+~d delivered to •ny held by said MORiGAGEE as (ur~her security to said mortgage debt, and, ~ot iess than ten (10) days in advanco oi the ezpiration of each policy, to de- Irver lo said MORiGAGEE a renewal thereof, toge~hrr w~tA a receipt for the premium of such reneaval; a~d ~he~e sha!~ be no i~re o~ windsto~~n in~urance plsted on any of sa~d build~ngs, any interesl therein or part Ihereof, unleas in the form and with the loss payable as aforesaid; and in the eYent ar.y sum of money becomes payable under such polity or policias said MORiGAGEE shall have the opt~on to receive dnd apply the same on accoum of the indebted- ness srcured hereby or ~o permif said MORTGAGORS ro receive and use i1 or eny pa~t Ihereof lor o:h,~r F:urposrs, v.~~ho~t th_~~ or ws~.~.+~ ~r ~~upa~~• ing any equ~ty, I~en w r~gh~ under o: by virtur of this moctgsge; a~d in ~he event sa~d MORTGAGORS shall to. any reason Fail to keep the sa+d premtsea so ins~red. or fail to deiiver p~omptly any of said policie~ of insurance to sa~d MORTGAGEE, or fail promptly to pay fully any pre~~~~~m therefor or in a~ry resoed (ail to perio~m, d~stharge, execute, effett, complete, comply with and abidq by this cove~anl, or any par~ he~eo~, sa~d MGRTGAGEE may piace and pay (or such inwrance or a~y part thereof without warvinq w aiieciing any apt~~s, ;:en, Fqviri, or r;_hr ~•.+.1~. o. by vi.~ue of fhis Mwfga9e, a~~d ~he tull amoun~ of each and e1ery such payme~t shall be im~nediatety due and payable and shall bear interest from ~Fl@ dd1! 1F1ff~0I un~il poid at the rate of mne per cenrum per ann~m and to~ether with such interest shall be secured by the lien of this matgage. 1. To permit, commit or suf(er no waate, impairment w deterioration of said property or any part theseof. 5. To pay all and singutar the coats, thargef and expenses, inc7~ding a reasortable attorney's fee and costs o( absrracts of t~rle, inturred o? paid at any t;me by aaid MOR~GAG:E, because w~n the event of the failure on ~he part of tAe said MORiGAGOR ?o duly, pro~nptly and fully perform, dncharge, execute, efiec~, canptete, compty w~th and ab:de by each and every the 31ip~lat~ons, agreemants, cond~r~ons, a~d covenants of sa~d pro~ussoiy rwte and this n~ortgage any or either, and sa:d cosrs, charges and eapenses, each and eve~y, shall be immediately due and payab!e; whr~her or not the~e be not;ce de mand, attempt to collect o~ s~it ~ndmg; and the full amount of each and every such payment shalf bear iroerest from the date lhereof until paid at tne •..re o! n;ne per centum per annurn; e:~~ all said cosrs, charges and ex~nses incvued or puid, togetF~er w~th such interrst, shall be secured by the I~en of th~o mortgage_ 6. Thal (a) in the even! of any breacfi of Ihis Mortgage or deiault on 1M part of the MORTGAGOR, or (b) in the event any of sa:d s~ms oi money herein referred to be not pranptly and futly paid with~n ~hirty (30) days ne~ct after the samr severa'Iy becane due snd payeble, wi~hou~ demand or nmice, or (c) in fhe event each and every the sfipulations, agreeme~ts, conditions and covenanta of sa.d promissory nota and th,s mottgage any or e~ther are not i~ly, promptly and iully performed, d~scha~ged, ezec~ted, effectcd, compiated, compfed with and ab~ded by, then in e~ther or any s~ch eyent the said a~- g~egate sum mentioned in said promisso~y nore fhen remaining unpa~d, with interest acaued, aod all monevs secured hereby, shall become due and pay eb'~e fo~thwith, or thereafter, a~ the option of satd A10RiGAGEE, as fully and completely as it all of ~he sa~d wms of money were ongmalty shpu~ated to be pa.d on such dcy, any~hing in sa:d prom~siory note or in this Morrgage to the comra~y notwilhs~ar.ding; and there~pon or thereaffer at ~he opt~on of said ti10RTGAGEE. v.,thcut notice w demand, suit at law a in equity, there(o~e w thereatter begun, may be prosewted as if alt mo~eys sec~red hereby r.ad mafured pr~or to ~ts institutioc~. 7. That ;n the event that at the begi~ning of or at any time pending any suit upo~ this Mortgage, a to forectose ~t, or to refarm it, or to enforce payment of any daims he~eunder, seid MORTGAGEE shall apply to the Cou~t having ~urisd~ction thereof for the appo~mment of a Receiver, wch Court shaH forthwith appoint a receive~ of aaid mortgaged prooerty all and singutar, includ~ng all and singu!ar the ir.come, proflts, issues and revenues lrom wharern- source derived, each snd every o~ wh:ch, it being exFressly understood, is hereby mortgaged as if speal~caily xt forth and desc.ihed in the gran~ing and haixndum clauses hereoF, and such Receiver sha11 have all ~he b.oad and effecr]ve funct.ons and powers in anyw~se enn~sted by a Court ro a Receiver, and such appointment sfia? be made by such Court as an admitted tquity and a matter of absolute righf to said MORTGAGEE, and wirhout re(e~ence to the adequacy w inadequacy of the val~e of ~he property mortgaged or 1o the sotvency or inso:vency of said BM1ORiGAGOR a the defe~~dants, and ~hat ivch ren~s, prof~ts, income, issues and revenues shall be applied hy suth Receiver accordmg to the licn w eqvity of said MpRTGAGEE and the practece of such Courf. 8. To duly, promptly and fully perform, discharge, ezecute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and cove~ants in sa~d promissory note arxl tfi~s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thcreof, brcomes vested in a person other fhan rhe MORTGAGpR, the M1'oRr~aGEE, its successors ar.d assigns, may, withovt notice to the MORTGAOR, deal v~rith such successw o~ succe~sor in interest with reference to this mo~tgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vitiati~g w d~scharging ?F~e /dorsgagori tiabi~ity herr under or upon rhe d~~b~ he:eby secured. IVO sate of the Frem7ses he~eby rncrtgaged and no forbearance e~ the par~ of the /AORiGAGEE or its successors o. ass~gns and no e~tens~on of the t;me f~a the payment of the debt hercby secu~ed given by the MORTGAGE~ o~ its successors or ass~gns, a?~all operate ro release, d~scharge, modify change or aftect the ocig~nal Iiab;Gty of the MORTGAGOR here~n, either in whole or in part. 10. h is speuflcalty agreed that time is of fhe essence of this contract and that no waiver of eny obl~gat~on hereunder or of the obligation se- cured hereby shaii at eny time thereafrer be held to be a waner of the terms hereof w o1 the instrvmem secured herby_ 11. In add,+~on ro the forego ng month!y payments of princ pal and ime.est requir~d by the prom'sscry no~~ secured hereb~, mortgagar covenanis and ag~e4s to pay ro mortyagee v.;th each mo~+hly F•ay~:,eM an add~~ionat su,n es~~~,a~ed 6y morrgagee to tx equai to 1, 1? of the ennuat cosf of the~follow- ~nq: A-AII reat p.operty taxrs lev~ed w assessed agaiost ~h~ above desc<<bed real estate. B-Cr~.r:~r;,s on F:re and ~vir.dstorm insuracce as he:e~n requ~red to be tarried on the improveme~ts s~t~ate on tha above described premisas. C-Pre;niums on such mortg;ge guaranty ir.surar ce as mortgagee shail from t me to time deem fit to ca~ry on the loan secured hereby. Mortgagee sna:i f.om t~~ne ro t~me ~or;fy mongago~ in wriGng of the amount due and payable hereundrr and such sum shall thereupon be due and c syabfe on the cf~e ciate of ~he next month:y payment and each successive month thereaiter urail mortgagee shalt not~fy mortgagor of a change in such a~-~ount. Such su~ns sha:i be app;~ed by moatgagee tuward the paymrnt of reat property taxes, inswance prem:ums, and mortgage guaranly insurance p •emiums. IN ~41TNESS V1HERcOi the said MORTGAGOR has hereunto set his hand and seal the day a~d year first aforesaid. ' ned, Sealed and elivered in the presence of: ~~Z~t~~ L' ~~v ~ (Sesl) (Seal) ; i~~G~ .,.r~ ' ~ ~ ~5ea1) j CSeal) j SiATE OF FLORIOA ~ ~ Sf.. I11C ~@ SS. f COUNTY OF ~ e~fa~ .,o~u,, appeared Charlie Ma'tthe~rs, also knoxn as (~arles B. Matthexs t _ Ethel I~attheHS, also knrnm as Ethel Mae Matthe~s his W~i~, ro me well known .~d r~ ~:o ~ ~ the indiv~dusts deacribed in and who e~cecuted the foregoinq instrument, ~nd ackrawledged befwe me that they e~eacvted the sartw fq ths-purpou~ ! ~herein ~YP,~sxa. A„a ~;d Ethel Natthexs, also knaKn as Ethel Mae Matthexs w;+~ of ~?K sa~d Charlie Matthe~s, also knam as Charle s B. Katthexs ~ .g~o.? , sep~.M. ~nd P.i~.r. e.am~nst~on by me taken separate and apart from her uid husba~d, atknowied~ed to ar.d before me ttwt the executed said_iwslnwa~.(tN1Y ~nd votur?- n ianty and wahovt any compulsion, const~aint, apprehension, w fesr of w from her ~aid husband. . WIiNF55 my hand and oifiual seal this_ ~`1 fh, day of ~m~r p, ~y , . FILEO`A biK .~a r~ r~• v~: o~ f+o~• ar ~ Re~urn To: ST, I.UClE COUNTY ~~s~on ~zpiruc•. RE.CORO VERlF!Eb tt~r p~~,c, ~p~•fl9t~~~ First Feder~l Savings 3 loan Association • e,~„~ ~~'i.~,`'.1~••~~: Of Fort P.rrce I~O'niL!S:10A :e i"1 ~y ~,w1ca~ M. 1~wr*r i~lt i Fort P~eice. Flonda ; '10 EP 21 PM 1:3 qr~s-7j : ~~3"'~ (l < e ~ E This Instrument Prepared ey John W. eo~i~6R POITRa?S , First Federat Savings d~ l.oan Ass«iation CLERK CIRCUlT COU T~ ~ of Fo~t Pierce ~ Floz'fda ~ Checked By,~______ g ' p P . ~ BOOK 10~ PACE 't ( ~ _ ~ ; _ - - ~ z_. - - -