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Home My WebLink About0404 To pl~c~ and comin~ously kt~p a? the buitdinps now or h~re+ft~e utuate on sa~d t~nd snd on all equipment ~nd personally covered by thi~ mort~ i p~. w;~h dl premiums thereon pa~d i~ fvll, fire insurance in tM usual sundard poticy fwm, in • ~um approv~d by ~M MOR(GAGEE, and wind~twm ~ inw~~nc~ in tM uswl ~uodud pol~cy fam. M• ium ipproved by th~ MORTGAGEE, in such company w compan~es a the MORiGAGEE may dutctp ud all tir~ and windstorm i~uranq policiq on any ol said buildinps, any interesl tF?aei~ w pa~t thereo(, i~ tM aggregNe tum alor~~sid a M ~xuu Ihe~~of, iMll contain tM usvsl u~nda~d ma~y+9ea clsus~ a iuch o~Fw~ clavs~ as tM Ma~~aye~ m+y requir~. makinp ths loss under sa~d polF cia, each and wery. parabk ro s~~d MORIGAGEE as its i~te~cst may ~ppear. ~nd each ~nd eve?y ~uch policy fhall b~ promptly ass.gned and dslivaed ro ~~y Mtd by s~id INORiGAGEE as (u~~her seturity to said morlyay~ debt, and, not !eu ~Mn ten (10) daYS in advanc~ o( tM expir~tan of each policy, to dr ` tivN to ~+id MORTGAGEE • r~new~l tMreof, topetFN~ with • reteipt for tF?e premium of such renewal; ~nd there ahall be no lirs or windslo~m inwrante _ plaoed on +~y of said buiWinpi. ~ny interat thaein ot p~rt tMreof, unleu in 1M. form and with 1M losf pay~bl~ as aiaesaid: and in the event any tum ; of money becan~s p+y~bl~ ur?dK wch PolicY o~ iwlKN~ ~id MORTGAGE shall Mvs tM option ro receive and apply the ume on accoun~ of the indeb~ed ~ neu secu~ed hereby w ro permit said MORTGAGORS ro receiw ~nd uN~t w any part thereof fw ofher purposei, wtihout Ihar~o~ waiving or ~mpair inp any eqvity, tiM w ryAt ~~da or by v'utw of this mortyag~t +nd in 11» eve+» s~id MORTGAGORS shall fw any reason fail ro keep 1he said premisn so ~ inwred, o~ f~il b d~liver promptly any of said policies of insursnce to said MORTGACaEE, or fail promptly to pay (ully any prem~um thereior a in a~y re~pect (ail b p~riorm, dixharg~, exec~te, effect, comptete, comply with u~d abid~ by this covenan~, a ~ny par~ hereof, said MORTGAGEE may pl~ce and pay fw iuch insuranc~ w+nY psrt lhereof without waivinp w~ffec~ing any option, lien, equity, o~ ~~ght unde~ w by virtw of ~hii Matgage, ~nd the full amount of ~ach and ~wry tuch payment shall be irmnediately dw snd psyable and shall kxar interest from ths date thereof until paid at the rate o{ : nine per centum pa annum ar?d togethe~ with iuch intereit sFwll be secured by the lien of this mwt9age. ' 4. To p~rmlt, canmit or wffe~ no wu% impai~rtKnt or dNeia?ation of said prope~ty a ~ny p+» tF?e?eof. - ~ S. To pay all and unpvlu the cosh, charyes and expenxs, i~clvding a reasonable attaney i fee and coati of abstracta of title, incurred or paid at any time by said MORIGAGEE, because w in the event of the failu~e on ~he part of the said MORTGAGOR w duly, promptly and fully pe~form, diuha.ge, exetute, effett, compkte, somply with aod ab;de by eath and every the stipulations, agreements, tonditions, and covenants of said promissory note and ~his mortgaps ~ny w ei~he~. and said cosb. cMr9es a~d expenses, e+ch and every. shall be immediately due and payabte: whether a not there be notice dr ma~d, attert~pt ro colktt a ivit pendiny; ~nd the futl amouM of each and every such payment shall bea~ i~tuest from Ihe date thereof until paid at the rate of nine per ccntum per ~~~wm; and all said costs, ch~ryes and expenses ir?turred a paid, together with suth iNCrest, shall be setured by the tien of thii mortpape. • . 6. Th~t (s) in the eveet of a~y brexh of this Matgspe a defsult on tM part of the MORIGAGOR, a(b) in the event any of said sums of money he~ein refe~red to be nor promptly and fully piid within thirty (30) days ocat after the same sevtnlly become due and payable, wilhout demand or notice, or in 11~e evem exh snd every the stipulatioray agrean?enn, conditions and cover?~nta of sa~d promiuory ~ote and th~s mwlgsge any w either are not ~uly, promptly a~d fully periwmed, diuharped, executed, effected, completed, compl'~ed with and ~bided Sy, then in eitFier a any such event the said ag gre9ate sum rrKntioned in ssid promissory note then remaining ~~paid. with interesl accrued, and all mo~+eys setu~ed hereby. ihall betome dve and pay- :ble forthwith, w theresfter, at 1he option of said MORTGAGEE, u fully ~nd completely as if atl of•the said wms of money were originally supulated j to be paid on such day, anything in sald p~omiuory note w in tha Mortgage to the contrary ~otwithstsnding; and lhereupon or lhereafte? at the option of said MORTGAGEE, without notice or dem+nd, wit at law « in equity, thcrefore w thereafter begun, may be prosecuted as if all mor?eys secured hereby had matwed pnot to in i~utitutia~. 7. That in the event that at the beginning of or +t any time pendi~9 any s~it upon this Mortgage, w w fweclose it, a to refam U, w to enforq payment of any daims he?eu~der, said MORTGAGEE sMll ~pply to the Court I+aving jurisdiction thereof fo? the appo~Mmen1 of ~ Receiver, such Cou~t shall Fwthwith ~ppoiM s receiver of said mwtg~ged proQeRy all and sirg~lu, includ~ng all and singulu ?he income, proiits, iuues and ~evenues from whateve~ source derived, each and every of which, it being expressly u~derstood, is F~~by mortgaged at if tpec~ficalty set fath ~~d dewibed in the g.anting and habend~xn clauses hereof, and such Reteiver shall have aU the broad snd effettive funct~ons and powe~s in snywise entrusted by ~ Cov~t ro a Receiver, and such appointment shall be made by such Court as an admitted equity snd a m+tter of absolute rigM to said MORTGAGEE, and without reference ro ths adeqvaty w inadequacy of the value of the p~operH mort9aged w to the sotvency or insolvency of said MORTGAGOR a tha defendants, and that such renrs, profin, i~come, issues and revenues shall bt applied by sucl~ Receiver accwding to the lien or equiry of taid lNORTGAGEE a~d the practice of~wch - CouA. - ' • 8. To duly, prompNy and fully p~rfo~m, dixhar9e, +xecut~, effect, compkte, oomply, with and abide br sach and ~rery the stipulations, agreements, conditions u+d covenants in said promissory ~ote and ti~is mwtgsy~ set forth. 9. That in the event the ow~nhip of the mort~syed prcmises, w a++y part thereof, becomes vested in a penon othe~ than the MORTGAGOR, ths MORTGAGEE, iri successors ~d assig~s, may, withoul nolice fo the INORTGAOR, desl wiih such wccessw w sutcesaw in intctest with rc(erence to this mort~sqe snd the debt hereby secured in the same ma~?ner as wifh Mwtgsgw without i~ any way vitiatiny or discharying the Mwtgagors' lisbiliy herr under or ~pon tlx debt he~eby secured. No sa~e of the premises F~ereby mortgsged ~nd no forbeara~ce on the pah of the MORTGAGEE w its. successors a auigns snd no extension of the time for the p~yment of the dcbl heroby sec~red ~ive~ by the MORTGAGEf w its successors w assigns, shall operat~ ; ro retease, dixharge, modify d+inpe w affett the original IisbiGty of the MORTGAGOR herein, either in whole or in put. , ~ 10_ N is specifically agreed that time is of the essence of this contract s~xl thst no waiver of sny obl~a~an herewKl~r w of the oblipsYan se- cured hereby shall st any t&ne thereafter be held to be a waiver of the terms hereof w of the instrumeM secured herby. 11. In addrtiav to the forego:ng monthly payments of princ"pal and interest required by the p?am~uory no?e secured hereby, mortgagor covenants a~d agrees to pay to mo: tgagee with each monthly payment an addirional sum estimaled by mwtgagee to be equal to 1% 12 of the annual cost of the follow- iny: , A-All real property taxes kvied or asses:ed againat the above described real estate. B-Premiums on fi?e aru! wi~dstorm i~?swance as here~n ~equ~red ro be carried on the improvements sitvate on the above desaibed prem7ses. C-Premivms on wch mortgage gwranry insura~~ce as mo?tg~gee shall from time to time deem fit to carry on the ban secured hereby. j Mortgagee shall from time to time notify rtwrtgagor in writirg of the amount due snd payable hereuMk+ and wch wm shall thereupon be due and l payabk on the due date of the next monthl~ payment and each successive moRth thereafte? urtil mortgsgee shall notify mortgagor of a change in such I amouM. Such sums shall be applied by mortgsgee toward the payment of real property ta:es, i~swarxe p?em:ums, and rtwrt9age 9uaranty irnurance E ~ premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto iet his hand and seal tF?e day and sr first ~fwesaid. Signed, Sea and deli in the presence of: `1~i~ 1~i0~~u. , ~ IIOCfR POITRAE q • CIERK CIAC1qT C T~ ~ ~~ry 1lEC01l0 YEti~f1E9 . rs.q STATE OF FIORIDA ~ •O ~ ~ ~A SS. . ~C Q I ~ st. Luc~e ~ 11 6efore me persorally ~ppeared 5~118I 1Lttlah and get~v Lou KII~aht his wife, to me well krawn and known to me ro be the indiridwb desnibed in and who eaecuted the foreyoirg instrvment, and s~lcnowledyed before me that they executed tix same fo? the purposes rherein enp.essed. /1nd rhe saiJ Betty Lou Ktllght _ wife of the ssid Sanusl Knight vpon • sepsrate and priv~t~ examinaYan by ms taken sepante and aparf from her said husband, sdcnowlcdged to and before me that she exetuted said ir?strumero f; eely ~nd voluo- rarily and withovt any compuision, constraiM, apprehemion~w feu of or from her said husband. . WITNESS my hand and official seal thia l4 u~ day of NOV beY A. D. 191~. { } NoNry Pubf and fo~ the tate of Fbrida ~t luye ~ - My c«~m~ .xvues: 6~ ~ ~19/ Retvrn Ta Firtt federal Savinys ~ Lw~ assoc~at~o~, • Notary P.:~Pa. ~1A1! Of ~Ot1~D at • f ~~~t ' Of Fort P~erce. i~~; ~i~~,s~~ My Comris:aa E~cpires E,uq. b, 1911 - Fort P]erce. Florida Jvt' •,~j1t~;4i~rt* . ~d b M~Iw~ Ete~ A~a~e!lllx !ii .~j< i ;~4~r if . ~ ~ , K~ a~"~:']~~j i ~ ~ _ v' N~'- This Instrument Prepared By Wm. B. Braiaa, ~~~t ~4^ First Federal Savings ~ Loan Association ~ ~ ~ ,+e}=~ ~ - ~ of Fo1t Pierce, F.loz ida ~ : . ~ ' ' ~ = 7~ Q'~~;'~ ~ /p 'p~~.~`,~x, , Checked By ~ S; N~~ _ R . , - ~ BOOK 1v8 PA~E 403 . ~ ~ b~ } ~ i - ~ ~ =