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Home My WebLink About0004 ~ ~ ~ 3. To pbc~ and conrin~ously keep on fh~ buildin~~ now or M~f~I1N utwt~ on sa~d land ~nd on ~II equ~pmsnt s~al p~rsonalty co~ered by thii mo~t~ ~g~, wi~h ~II premivms ihereon pa~d in fvll. fire in~uranc~ in ~hs ~sual starda~d po~icy lorm, in a ~um approved by ~ha MORtGaGEE, ar~d w~»dsiam tnsw~nce in tlw vawl srandard pol~cy (am, in c sum appovsd by ~M MORTGACsEE, i~ such company a compan~es a ~h~ 1NORTGAGEE may dinttt and ill (in ~nd winds~orm insuranc~ poliuss on any of said buitd~n~~, ~ny interost tht~ein w part thereo(, in ~M a99~eyab sum afa~said o~ In ~xc~ss thenof. sMll contain 1M vival srandard morrps9e~ cl~vu or such otF~ dauw ai tM Matpaqee may requu~, maAinp ~hs losi under sa~d poli~ cirs, e~ch and ~ve~y, paYable ro said MORTGAGEE as i~s iroe?ei~ may app~a~. ~nd each and eve~y i~ch policy shall t~e prompfly au.gncd and delive~ed ~o ~ny heW by iaid MORTGAGEE ~s turther security to said mort~aye debt, and, not less tMn ten (10! days in advance of the expi~ation oi eacl~ polity, to dr livK ro said MORTGAGEE a rtr+ewal thereof. toQerher with • receipt fa the pnmium o( iuch renewal; and lhere shall bs no f~re or winditarm ini~r~nc~ plaad on ~ny of said buildings, a~y intereit therein or part the~eof, unleu in ~F+~ fam ~nd with th~ loss payabls si afweiaid; end in tiN ev~M anr sw~ of rrw~ey becp++es payable w+d~r wd~ policy or policisa said MORTGAGEE iha!! haw rhe oprion to receive and apply the same on accounl o( ths indebled- w~u ucured herepy w to ptYmit s+id MORTGAGORS to reteiw ~tx! us~ it a~ny part thereof fa other purpases, wi?hout th~~cb~ waivi:~g w~mpair- ~~?p +ny pu~ry, lien a right under or by virtw of this mors~sye; a~d in the event said MORTGAGORS shail for any reason (ail ro keep the ~aid premius so insured, or fail b delive~ pomptly sny of said polities of insursnce to said MORTGAGEE, w fail promplly to pay futly any premium therefo~ or in any respact fail ro perform, dischar9e, execute, effect, complete, comply with and abide by this mvenant, o~ ~ny part hereof, sa7d MORTGAGEE may placs ~nd paY fa such ie?wrants w ~ny pan the~eof wirhovt waivinp a affectiny any opt;on. lien, equity, or right under or by virtw of ehis Atort9age. and tl+e full ~movM o( eath snd ewry such payment slwll be inwnedi~tely due and p~yabk ~nd shall bear iMerest from the d~te tl?ereoi ~ntil paid at the raM s~ ~~ne per te~tum per annum and foge~her with s~cl+ interest sl~alt be secured by tM lien ot this mwtysge. 1. To permit, commit or suffe? oo wa~te, impairme~t ot deterioration of sud property a any parf thersof. S. To psy ill and sirgvlu the costs, char~es and expenses, ;nctud;ng s reason~bk a»aney i fee and costa of abstracts of title, iocur.ed or paid a~ eny time by isid M04TGAGfE, becsuse a in the eveot of tF~e faiture on tF?e paN of ths said MORTGAGOR to duly, promptly ar?d fulty perfwm, dixharg~, execute. lffect, complete, comply with and abide by escA and every the stipul~tions, agreemcnn, co~ditiona, and coyenants of said prom~swry ~ote and this ' mwtgays ~ny w eitFKr, and said cosb, charges and expenses, each s~+d every, shall be immediately dve and payable; whether w not there be notice de mand, st~empt to colled a suit pending; snd ths full amount of each a~d evcry svch paymem shall bear iroerei~ (rom the da~e thereof until paid af the rate of ni~e per cenwm pe~ anr~um; and all said ~psts, charges and expenus intvrred or paid, togethet with such interest, ~hall be secured by the lien of thw mor~9~e. . I Q Thst (a) in the event of any bresch of this Mw~gage or default o~ the_part of the MORTGAGOR, or (b) in the ev~~t ~ny of satd svms of money herein referred to~e-no~-promptfy and fully paid within th~rty (30) days next after ~he same severatly become due and payabte, without demand a notice, or in the event each and every the stipulataru~ agreeme~ts, conditiau and covenants of sa~d promissory note and th~s mortgage any a either are nol ~uly, promptly ar+d fully perfwmed, d~schuged, executed, effected, canpleted, complied with and ebided ~iy, then in eitFur a any s~cF~ eveM the said ag- gregate sum memioned in said p?omissory note then remaining unpsid. with intercst accrued. and a11 mw?eys setured hereby. sMll become dw and pay- a~Ie fwthwith, or thcreafter, al the option of said MORTGAGEE, as fuily and completely as if all of the said wma of money were orig;nalty ~t~putated to be patd on such day, anything in sa~d promissory note a in this Mortgage to the contrary ~otwithstanding; and thereupw~ or thereafte~ at the option of said MORiGAGEE, withovt notice or demand, suit at law a i~ equity,•t,'+erefwe or tAereafter beyun, may be proxcuted aa if all mocMys secured hereby nad matun:d pnor to its i~stitution. 7. TMt in the evrnt that at rhe beginning of or at any time per+d;rg any wit upon ?his Nbrtgage, or to faeclose it, o? to refwm it, or to enforce payment of any claims lKre~nder, uid MpRTGAGEE shall apply to the Court having jurisdrc~ion thereof fw the appoiniment of a Receiver, svch Coun shall forthwith appoim a rcceiver of said mortgaged property a11 a~d singutar, inciud~ng atf and singular the income, prof~ts, iuues and rerenues fiom wlwtever ~ wurce derived, each ~nd every of whKh, it being expressly underaiood, ia hcreby mortgaged ~s if spec;fically set forth and descrlbed in the graroing and haber~xn cla~rses hereof, and such Receive? shall have ~II the b?oad and effective furxt~ons and powers in anywise entrusted by a Court to a Receive?, and ~ such sppoinfinent shall be made by such Covrt as an admitted eqvity a~d a mafter of absolute rght to said MORTGAGEE, and without reference to the adequscy a inadequacy of the value of the p?oputy mortgaged or ro the sonrency or inwlvency of said MORiGAGOR or the defendants, and that such ~enn, profin, ~ncane, issues and revmues shall be applied by such Receiver according ro the lien or squity of said MORTGAGEE snd fhe pxtice of such ~ Court. . - 8. To duly, p~ompNy and fully perform, discharge, execute, eifect, complete, comply with and sbide by each and every the stipvlatwns, agreements, conditions and covena~ts in said promissory note and this mortgage set forth. i 9. Tha~ in the event the owncrship of the mortg~ged prcmiscs, or any pa.r rhereof, becornes vested in a pe?son other thsn fhe MORTGAGOR, ~he MORTGAGEE, in succeuors and assigns, may, without notice to the MORTGAOR, deal with such succeuw or sutcessw in interest wi+h reference to this • mortgage and ~he debt hereby secured in the ssme maro~er as with Mortgagw without in any way vitiating or d~schargi~g the Mwtgagors' liability here- undes a upon the debt hereby secvred. No sale of tix premises hereby mortgaged and no fwbearante on 1he par~ of the MORTGAGEE w its succeuors or auigru and no extension of the time for the payrnent of the debt hereby secured given by the MORTGAGEf or its iuccessors a auigns, shail operate ~ ro release, d~scharge, modify cFynge w affect the wi9inal tiabil~y of the MORTGAGOR herein, eithe? in w)wk or in put. f 10. It is spec~fically aqreed that time is of t)k essence of this tontrxt and that no waiver of any obl~gation hereunder w of ths obli9aYan se- cured h~reby shall at any time thereafter be heMl to be a waiver of the terms hcreof or of the instrumen't secured herby. 11_ In add~tion fo the fwego:ng monthly payments of princ'pal and interest required by the promiswry note secured hereby, mortgagor tove~ants and agrees to pay to mortgagee with each monthly payment an addirional sum estimatcd by mortgager to be equal to i/12 of the an~~a: cost of the follow- ing: A-All real properr~ taxes (evied or auessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be car~ied on the improvemenri s~tvate on the above described premises. C-Premiums on such mortgage guaranty inswarce as mwtgagee shall from t;me to time deem f;t to carry on the loan se~ured ~?ereby. Mortgagee shail from time to time notify mortgagor in writing of tF~e amount due and payable hereurde? and such sum shall thereupon be due and Fayable on tF?a due date of the neat monthly payment and each successive mw~th thereafter ur.lil mortgagee shall notify mortgagor of a charge in such amount. Such sums shat! be applied by mongagee toward the paymen! of real property la:es, inswance prem:ums, and mortgage guaranty insurante oremiums. IN WITNE55 WHEREOF, the said MORTGAGOR h~s he~eunto set his hand a~d seal the day year fint atoresaid. Sig~ed, Seated d detivere m N+e resente of: / ~ ~ ~ ~ ~~i ~ / i ~tF ~ ~ ~ r ' . i~ STATf OF fLORIDA . 5 + , ' ~F; ~OUNTY OF St • LiIC 1@ ~ SS. ~ . d ~ _ _"3 ` ~ - • - s. O. . ~1 ~ ;Y*'~: •t ~ .rt•j- defore me penon~lly sppeared : • Bl izabeth L. Mar o. his wife, to me well known ~ rhe ind~ridwli deuribed in and who ~xec~ted tha fo?eyoing instr~ment, and ~tJcrwwled9ed before me that they executed the ' therein expressed_ And tFN ssi i~ { - - wife of rr~ ,~;d Donald W March . - exsniHUtion by me taken separate and apaA irom her asid h nd, adcnowiedged b and befort me thrf she executed said insnvment fr ` wtw?~ tarily and without ~mr compulsio~, corntroint, aPP« .~c of or from her said husbind. WtTNESS my hand and official seal thi day of A. D. 19_~~_ Nota u ic n~~d tor the State of Fbrida d lary~ Retvm To: . My expires: ;7 t::-:.~~~, ~:i::5 ~i F:;h~~A Ai LAR~E First Federd Savinys 3 Lo~n Aasociat;on ~„Y GUi~is.uo~i~~V ti?Y~KE, t:UY. 7.9~ 1~T~ Qf FOf1 PiltCQ. .rOND~D 7HAOUGM FtiED y• ~11EqT[LMOR~~ Fort Vierce. Ftorida ~„___r. • 3~t,yC E~coY ~IPR~~~ t nn varn~ ; c ~ This Instrument Prepared By John W. Collins ~~1fERlf First Federal Savings b Loan Association of Fort Pierce~ Rlorida Y... t 1~ Checked By ~ . ~1i ~4~rJ ' _ ~~18$ ~ ~ ~ . . _ _ . - _ _ ~ ~ ~ _ . _ _ _ ~ :