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Home My WebLink About0203 t ~ c 1 i 3. To pl~c~ ~nd con~inuouily kHp o~ ~M bu~idin9t oow or hs~~af1~~ ~7tuat~ on sa~d Iand and on atl eq~ipment and perw.~aily co~ered by ~hii mortg- ~ sge, with all premium~ Ihtrwn pa=d in lull, tir~ insur~nte in th~ v~ual sundard policy form, in s sum ~pprovad by Ihe MOQ~GAGEE, and windatorm in~urance in ths uswl stand~?d pot~cy fam, in • sum approvad by tM MORiCsAGEE, in suth company or canpar.ies as the MORiGAGEE may ; direcr, and all fire and windsro~m inwrsnc~ policies on +nY of ~ud build~~,t +~y i~terost ~he~ein or part thereoi, in the a99regste wm atwcsaid or ' i~ ezceu thereof, shall contain ~M usual ~~andard mwtgaye~ c~+v~e w such other <Isuse ~s ~M Mw~pa9ee may ~equ~re, ma4in~ ~he to~s under •a~d po~f uas, each and evay, payabl~ ro said MORTGAGEE its interes~ may +pp~+~. e~ch and every ~uch po!~cy ihall bc prompi~Y +ss 9ned a~d de~~~ered ?o •ny held by said MORiGAGEE as further uturity to ssid mo+t9aye dabt, and, no1 le~s ~han ten (10) days i~ adva~~ce ot the expirat~on of each poticy, to de- liva to f~id MORTGAGEE s r~newal thereof, 1o~Hha with a rKeipt fw th~ premium of tuth renewal; and thero sfiall be nb f~re or windsto<<n insvrance ptaced on ~ny ol said buildin~s, ~ny interest ther~ie q parl thereof, unleu i~ IM (orm ~nd wdh ths toss payable as a(wesaid; and in IM erent any sum of money become~ p+yable under such poliq a policies said MORTGAGEE thall Mve the opt~on ro reteive and apply 1he aame on accou~v of ~he i~~debtrd- ncss securcd hereby a ro permit ~aid MORTGAGORS to receive snd use it a•ny pa~t ~herQOf for orix~r purr~oses, v.~~ho~t rn~~~ui w~~~~ y or ~~~~p..~r- ing any equ~ty, lien a right undar or by virtu~ of this mort9age; +nd in th~ •vent sa~d MORTGAGORS shall (or any reason (ail to Meep ~he said prem~srs so insured, w fail to deliver promptiy +ny of uid po~Kies o( insu~ance to said MORTv'AGEf, o? fa~l promptly to pay fulty any pre~~~~um therefo~ ar in a~y respect (ail to pKfarrl, distharg~, exccute, elFact, complete, compty wi~h ~nd sbide by this covenant, o~ any par~ hereol, sa~d MORiGAGEE may p?ace a~~d pay fw such inwrance or any part thKeof without w~iviny or •ffectinp any option, lien, equity, or ~ight under p by vinw of this ."~+tgage, and the ivll amount of each and ev~ry i~ch payment shall be immedietely dw +~+d p+Y+bl~ and shall be+r imeresl from tho date thereo( until pad a~ the rate o~ nine per centum pe~ ~nnum and together with such inte.est shall be secured by the lien of this mortgage. 1. To ptamif, tommit or sufter no waste, impairment w d~terioration of said property p+ny parl thereof. 5. To pay all ~nd tirguln ths costs, ch~rpes ar+d expensei, including + reasonsble ~ttuney i fee and costs of abst.ads of tlfle, incurred ar pa~d at ; any time by said MORTGAGfE, bacauss w in tM erent of the failure on the part of 1M said MORTGAGOR ~o duly, pron,ptly and {ully perform, d~scharge, ! ezccu~e, effcd, complete, comply with and ab~de by each u+d every tlx stipulatwru, agreemrnn, conditions, and covenanrs oF sa:d prom~ssory note and iF~ts ~ mwtgage any w ei~ha~, and sa~d costs, charges and expenses, esch and eve~y, ihall be immedia~e~y due and payahte; whe~her w not there be no~~ce de ~ mand, attempt to collect or t~it pending; and 1M ful) amount of each ~nd every such paymem ahall bear inferes~ from ~he date thereof until paid a1 the ~ rate o~ nine per crntum per amium; and all said cosb, char9es and expenses incurred or paid, togetner w~th such intereit, shall be secured by the I~en of th~f ~ mwtgage. b. Ths! (s) in the event of any breach of this Mortgspe or default on the parl of thc MORTGAGOR, or (b) in the event any of ~a'd sums of money ~ herein referred to be not promptly and fully paid within thirty (30) days next after the same xverally becw+x due and payab!e, without demand or noe~ce, % or (c) in the eve~t each and every the stipulations, ~greemsnts, condi~iorts and covenants of sa:d pranisso~y note and th.s mortyage any or cither are not ~ ~uly, prompNy and lvily periormed, d~xhsrged, executed, ~ffected, compteted, compl~ed w~th and ab~ded Sy, then in e~~her or any such ere~~ the sa~d ag . gregate sum mentarud in said promiuuy note then ~em~ining unpa:~, with interest accrued, and all moneys secured Fxrrby, shali become due and pay- ? able fulhwith, o? thereafte~, at the option of said MORiGAGE~, as fully ~nd completety as ii all of the sa~d soms of money were ong~ns~~y st~pu:ated 3 to be pa~d on such day, anything i~ sa~d prom~sswy note or in this Matgage to the con+rary notwi~hstand~ng; and ihereuport o+ thereafter at the opi~on oi j said MORTGAGEE, without notice w demand, suit at I~w w in equity, therefae or thcreafter begun, may be prosecuted es if all moneys secured hereby { had maWred pno~ to ~ri institution. 7. That in the event that at the beginning of or at any time pe~di~g any suit upon this Morfgage, w to fweclass N, a to ~efor:n if, or to enforce paymenl of any claims hereu~der, said MORTGAGEE shall apply fo the Coun having jurisdiaion thereof fw the appo+ntment of a Receiver, such Gou~t sha11 Forthvvith appoint a receiver oi uid mortpsged prqxrty a~l and sin9ular, includ~ng ail and singu~a~ tFrt income, profits, issues and reven~es from whatever wurce derivcd, each arvJ every of wh~ch, i1 be~ny expressly understood, is hereby mor+gaged as if tpeu(ically set fw~h and described in the g~anr~ng and habendum ctauses hereof, and such Receiver shal~ have a~l 1he lxoad and ef(ective funct~ons and powen in anyw~se em~usted by a Cou~t to a Recriver, and svch appointment shall be made by such Court as an admitted eqv+ty and a mattN of absolute right to said MORTGAGEE, ~nd without reference to the adequacy or i~adequacy of the value of the property mortgsged or to the socvency or ~nsolvency of said MORiGAGOR a tF~e defendants, and that such ~enfs, profirs, income, iuuea and revenues shail be applied by such Receiver accord~ng lo the Ircn o~ equity of ssid MORTGAGEE and the practice of such Court. 8. To duty, promptly and fvlly pe?fwm, diuharge, execute, effect, complete, comply wiih •nd ab3dc by each and every tht stipulatiens, agreements. :onditions and covenams ~n sa~d prom7ssory note and this mortgage set fwth. 9. That in tl+e event the ownenhip o( the mortg~yed premises, or any psrt thereoi, betomes vested in a person othe~ than tF+e MORTGAGOR, ths MORTGAGEE, its successors and assiyru, may, without norice to the MORTGAOR, deal with such tuccessor a successor in i~terest wi~h refe~ence to this mor~gage and the debt hereby secured in the same manner as with Mortgaga withoW in +ny way vit~ating a d~schargng the Mwtga9ors' liability herr unde~ a upon the de6t hereby secured. No sale of the Fremises hereby mortgaged :nd no forbeara~ce on the part of ~he MORiGAGEE or it~ successors or assg~s and no exrens~on of the time for the payment of thr deb+ hereby sccu.ed g~ven by the MORTGAGE'_ or its succcssws w su~gru, s3u11 operute to releax, d~scharge, modify change or atf~q the original liability of Ihe MORTGAGOR herein, ei?her in whole w in part. 10. It is speu{icaily agreed that time is of the esunce of this contract and tMt no waiver of any ob~~gatio~ hereunder w of the oblgat"an sr. cured hereby shali at any time thercafter be held to be ~ waiver o( the terms hereof w of the instrument secu+ed herby. 11. In a~,r.on to the forego:ng monthly payments of prirK pal ane! interest ~equired by tlro promtssory note ucured hereby, mortgagor covenants and agrees to pay to m,ortgac~e with each monthly payment an add~rional sum est~mated by matgagee to be egwl to 1, 12 of the a~n~al cost of the follow- in~: i A-AI( real property taxes levied or assessed agai~st ihc above described real estate. ~ B-Prem~ums on fue and windstprm insurance as herein requ~red to be carricd on the improvemeaK situate on the above desc.~bed premises. ~ C-Premiums on such mortgage guaranty insurence as mortgagee shall from t~me to t~me deem fit to carry on 1Fu loan aet~red hcreby. Mortgagee tha!I from time to t~me notify mortgagor ~n writ~ng of the amount dve and payable ~-ereundrr and such sum shall thereupon be due and ~ Fayable on the due date of the next monthly payment and each successive month tnereaft+r . r,til mwtgagee shall notify mortgagw of a change in such a-~ount. Such sums sF.ail be aFplied by mortgagee toward the payment of real property taaes, insuraexe prem.ums, a~~d mortgage guaranty insurance ~ premiums. ` IN W NE55 WHEREOF, the said TGAGOR has hereunto set his hand and seal the day a esr first atoresaiiii~~~df. ~ F . Sesled deli esence of: ~ L i 5 ~ ~ p FILED ANO RECOROEd ~ S~.~UCIE COUMTY fLA. +p ~ ROCER P01iRAS ~ . CIERR WRCUiT OUR . cs~•n - RECORO vERiF~ED ^ -1 cs~n t 2 59 ~M'1 ~e STATE OF FLORIDA F`8 ~ ~ co~?,,,Y of st. WCIB ~ u- `,T,~:43J5 ~ ~ Before me personaily appeared FlOyd R. YOIk ' CO=8 B• York h~s to me well knawn snd known to me to be ' ~ the indir~dwls dexribed in and who eaecuted the foreyoing inslrumeM, and acknowledged before me tMf they executed the same fa the pu~poses Cora E. York ? therei~ expressed. And the said ~ wHe of the said FlO~/d R. Yotk upon a sep:~e~a and pr~wte ~ examinat;on by me take~ sepsnte and apart from her said husbar.d, atknowledged to and befo~e me that she exccuted said insNUmem freely and votun- rar~ly and withovt a~y compulsion, consr.sim, apprehens~ a fex of or from her said husband. ~ WtTNE55 my hsnd and official seal thit day of b u A. D• 19~._ ~ ~ y ~ f ~ ~ Notary Public in fw the ute of Florida ~t Lar~e ; My Comm~sSion xpire3. ' ~ Retum Ta ~i ~ p ~ ~ First Federal Saving~ 8 toan Association l~ ~ i` - . 11 / I O[ Fort P:erce. ' ~r~-3:: ;i_., . ~ / ~~r#~ h~a.c;:.y~uy3w..~~~.?, ~ fort Dierca Flo~ida . JL ~ t• ~ ~ ~ ~ I~~R~}~''~ ~ /A~,/~, ~//qJ, ~ ~ • ~ ' ~ , f - "S. : U ~ ~ - : :Y . ~ _:,:..r ; Y This Instrument Prepared By RiChazd K. Kayes >A ~:-~~j..fi; r` ~ First Federal Savings b Loan Association _ ~'s ty~~ ~ of Fort Pierce ~ Floz ida? l..~ A' , Q ~ - ~C : ~i p p . ~ Checked B ~ s~~~~~`~~~` _ Y ~~~~Ni~?~`` ~ n R 1~0 202 ~ BOOK ~ . 4: ~ 1~ ~ ~ ' . 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