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Home My WebLink About1841 r r To plsc~ ~++d contin~,ously ke~p on ~M build~npi now w hK~aftK utwt~ on said I~nd ~nd on ali puipm~ni ~nd penonally covK~d by thi~ mort~- p~, with dl pr~miums ~M~ton paid in full, fin intv~snc~ in tM ui~al 1u~dxd policy fwm, in a sum approv~d by tM MORTGAGEE, and wi»dstam inswa~c~ tn tM u~wl tt~~dard polw-y fam, 1n ~ wm ~pprov~d by fh~ MORTGAGEE, in wch comp~ny w companies a tM MORTGAGEE ~nay dinc~~ uid ~II tin ~nd winibtorm tnwra~ policiN on any of Ni1I bYildin~f, My MqrOft 1Mraifl Ot p~rt fM~00f, i~ tM ayyresaq ~um ~fa~said w In txuss ~I+Hwf, ah~ll cont~in tM ~swl ~tandud matya~ clauss or such othK tlav~s a~ tM MortyapN may requir~, makinp ths bu u~dar a~d polF ci~s, Nch ~nd ~wry. p~Y~bh b s~id MORTGAGEE u its intareat may app~u. ~nd each ud every ~uch policy shall bt promytly ~ss:pned and dalive~ed to ~ny Iwld by s~id MORTGAGEE as tur~ha security to said mortpaps d~bt. ~nd, ~wt I~ss tMn ten (IO) dsys tn sdvanc~ of tM e,cp'a~tion of sach policy, ro dr lirw ro taW NWRTGAGff a rMewal lMreof, fop~tl?K witA a receipt for t!a pr~miwn of such rer+ewal; ~nd ther~ ahall b~ no f~rs w wind~twm insv~~nc~ plac~d o~ ai?y of said buildinpi, ~ny intensl tMnio w part t1?erwf, unless in tM form ~nd with ti?~ lou payabl~ ai ataeiaidj u~d in tl» evsnf any ~vm of rtwn~y becorews p~y~bl~ undM sucM poticy w policiet wid MORiGAGEE alul! ham Ihe optiw~ to receiw and apply the sams on ~ccoum of tlw iodsbted~ neq sKUr~d hlr~by o~ b pKmit said MOrtTGAGORS ro r.ceiv. and us~ h p any p~rt thereof fw other purposet. without Ih±reo~ waiving w~mpair- iep ~ny puity, li~n or ripht u~a or by virtw of this mortyapej a~d in tM ~veet said MORTGAGORS shslt /ot any reason fai! to keep the ~aid pnmises so intured. or fail to delivN pomptly ~ny of said polities of inwr~~t~ to said MORTGAGEE, o~ fail promplly to pay fu{ly a~y premium thertfw o? in ~ny r~ipecl fail b pe~fam, dischar9e, ex~cvt~, ~ffect, completa, comply with ~~+d abid~ by this cownant, a•~ny pan Mnof, said MORTGAGEE m~y pi~oe and pay fa iuch inwra~c~ w u~y part tf+eraof without waFviny o? ~ffxttnp any option, Ii~ny ~quity, w rghl ~~der w by virtw of this Matqsy~, and the full artio~nt of each uid ~wry suth paym~e?t shatl immediattly dw snd psysble ar+d ~MII baar intereit from tM. dat~ theraof until paid ~t ~ th~ rat~ of - nene per centum pK siwwm and topetha wilh such interast shall bt secured. by tM fi~a of this mort~spe. 1. To permit, canmit or suffM no wast~, impairment w deterioration of iaid popa~ty a any part thcr~of. 5. To pay atl u~d si~gular tlw~ cotts, charpM and exp~nses, includinp ~ re~son~ble anorney's fee and costs of abstracrs of title, incwred or p~id a~ any time by ~aid MORTGAGEE, beca~ss o~ in ths tvent of tht f~ilure on the put of tM ssid MORTGAGOR to duly, promptly snd fvlly perform, d~scharg~, execvt~. dfed. complete, complY.with and abide by ead+ and ~very ths itipulations. sg~eemeny, conditiara. and covenanfs ot uid p?omiuory note a~d this mortpap~ ~ny a ei?har. and sa~d costs, clu~yea ~nd expenses, each and every, ihall be immediately due and payabla: whether w not ehere be notice d~ ma~d, att~mpl to collect w wit p~ndinp; ~r~d tM full amount of each and every such paym~nt thall bsar interest i~om tM date ~hereof u~til paid at t1~t ratc of nine per centum per uuwm; and al! ~aid costs charpes ar.d expenses incvrced or paid, topNhe~ w~th such iNe~est, ihall secured by the lien of thu "'ort9~Qs• 4. Th~t in the event of ~ny beacfi of fhis Mwtgspe a detault on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of maiey herei~ r~tard to be not promptly and fvlty paid within thirty (3p) dsys nexl after the same severally becane due and payabtt, wi~hout demand o? notice, or in the ~wnt each and every ~he itipul~tions, ~g~eemenq, conditions and covenants ot sa~d p?omissory note a~d th;s mort9ape any or either are ~w1 iuly, prompNy s~d fully pe?formed, d~xhuged, executed, ~ffected, comptated, complied with end atrided Sy, thsr+ in e3the? a any such swnt tM aid a~ grey~te sum mentia~ed in said prom;uory npte the~ remaining vnpiid, with interest acu~ed, and alt moneys secured hereby, shall become dw ae~d p~y- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and comple~ely as if all of the said wms of money were origin~lly stipulated ro be paid on such day. mything ire said promiuwy rafe a in this Mortga9e ro the contr~ry notwithstsnding; and thereupon w thereafte~ at the option of said MORTGAGEE, witFaut norice or demand, w~t et taw or in equity, therefore o~ thereafter begu~, may be prosecuted u if sll nwneys secwed hereby had nwtwed pnw to iri iostitutioo. 7. That in the aveot fhat ~f the beginning oi or sT any time pending any svit upon this Mortsage, q fe faeclose it, or to reform it, w fo enfwp PaYmeet of any claims Aere~r, sa;d MpRTGAGEE ahal~ apply to the Court having jurisdictan thereof for the appointmeM of a Receiver, such Court shall Forthwith sppoint a receiver pf said mwtpagad proQerty aIl and sirguiu, inciud~ng all and singu~ar the income, profiri, issuey and revenues }rom whatever sowce derived, each sod every of whicly it beiep expreuly understood, is hereby mortgaged as if spec~ficalty set fwth and dssaibed in Ihe granting and habe~d~xn cla~ses hereof~ and s~ch Receiver shall have ~II the broad a~d effenive funct~ons a~d powen ie? anywise entrusted by a Co~rt to a Receiver, ~nd such appointmant shal! be made by such Covrt as a~ admitted equity s~d a m~ner of absolute right to ssid MORIGAGEE, end without reierence to ths edequacy a inadequacy of the value of the praperty mong~ged o~ to the solvency or inwlvency of said MORTGAGOR or the defendants, and that such rcen~rrt. p?ofin, irxome, issues and rovenu~s sh~lt be spplied by such Receive~ xcording ro tAe tien w equity of said MORIGAG~E uw! the pradice of such 8. To duly, promptly ~nd fufly pe~form, discherge, e:ecute, effect. comptete, compty vrith and abide by e~ch snd every the stipulations, agreements, conditans and cove++ints in said promissory note ~nd this mortgsge set iwth. 9. That in the event ~h~ ownership oi the mortgaped premises, a any puf thereof, becw~es vested tn a person other tfisn the MORTGAGOR, tlw MORTGAGEE. ib wccesson u~d auigra, may, without notite to the MORTGAOR, de~t with such successa p sutcesaor in interqt with reference 1o this mortg~ge and the debt hereby secur~d in the sartK manner as with Mortgagw without in any way vitiating a diuhargiog the Mo.tyagors' liabilit~n c~ra- u~ or vpon the debt F~ereby secured. No sate of the premises hereby mortgaged and r?o fabearance on the parl oi the MORTGAGE~ p ih wccesaon w suigns and no extension of the time fw the payment of the debt hereby secured yiven by the MORTGAG,EE w its wccessots or assigr+s, r'»II operat~ to release, dixhar~e. modify thange or affecf the wiginal liab+lity of the MORTGAGpR he?ein, eifher in whole or in put: 10. !t is spectfically ag?ted that time is of the essence of this contracf and that no waive? of any obligatian here~xider or of tM obligation se- cured hereby shall at any time thereafter be-held to be • waiver of the terms he?eoi w of the instrumMt secwed herby. . 11. In add~twn to the forego:ng moothly payments of princ"pal and interest reqvired by the promissory note secured hereby, mortgagor covenanq and agrees to pay to martgagee w+th each monehly payment an add~riorwl sum estJmated by mortgsgee to be equal to 1/12 of the annual cost of the follow- ing: A-All real prope?ty taxes kvied q assessed against the above destribed resl estate. B-Premiums on fire and wirtdstorrr~ i~surance as herein requ;red to be urried on the improvemenq situatt on the above dewibed ptemises. C-Premiums on s~ch mwtgage gwra~fy irtswar~ce a~ mortgagee sF~all f~om time to fime decm fit to carry on the Ioan secured hereby, Mwlgagee shail from time to time nofify mortgagor in writing of the amount due and payable hneunder and such sum ahall thereupon be d~e ~rd payable on the due date of.the next monthly payment and each successive mwith thereaiter until mortgagee sha11 ratify mortgago~ pf a chanye in wch amount_ Such sums sF.ail be applied by mwtgagee ?oward the payment of real property taxes, insurante. prem:ums, and mortgage guaranty inwrant~ premiums. IN WITNE55 WHER ,~he said MORTGAGOR has hereunto set his hand and seat the day and year fi afaessid t aned, ted and, 1ir~ presence of: , l~ fF ll ~ ~C~ CQ~MTY ~GA. n 1/~ CIERRCC aCU T~CO~tlItT E wa E ~ _ ~itiniit. 1tECORO yER~F~EO ~ . Car er ~ r~n STATE OF FLORIDA ~ ~ 2 ~ ~ ~~p163 , ^ ' ~o~~~_ st. Lu~~a ~ 2 ~ ~ _ ..~.a,n~tiwi~,; - . eefor~ m~ psrsonally appeared Edward E Ca t r ~ . ~ : > .~a EY'm8 N. Cer e?+ ha wife, to ~+~i~ ~~~•~i~,,~jo_;,~ ~ the mdndwb described in and who executed tM foreyoir~p instrurrKm, and ackrqM,le~ed before m~ that tfiqy p~~s ~r~?~~ .~.~a. n~a ~ ErmA N. Carter y . .:.,f. ; . wife of tFw ~aid E ' ~ ~ ' ; ' ~ : i}!¢,~„ab examinstion by me tsken scparote and apan from her said husband, xkno~edgetj Ap and befae mt thst she ' ~ yp~. rarily and withovt any compulsion, cauuainL +pprehens;on, lQr fear of a from her taid husband. ' ' WRNE55 my hand snd offici~l seal this • b. 19~ 1_aQi a~Y ~r cember "~~1~0~.• ~ p . ~ b ar.,~ , I~ L • • Notsry Publit i~ and fa t~M ` 111~} larp~ Retum To: - , MY ~~~iuion ~:pires: . - finf Fader~l Savi~gs a loan /ltsociation ~if~ t~. Oi fwt P~erce. ' ~ (AiA1fS10~ ~K ~ ~n Fort Pierce. Flaida M~N/ N N~iCN ~w ~'~r V' This Instrument Prepared 8y JOhri W. Collins ~ First Federal Savings b Loan Associafion P~ef~~ Flox~i de~ Checked By - - - - 600K R~t'~f ~ i ~s . ~ ,n ~..4~~ , ~ ~