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Home My WebLink About1602 ~ . ~ . ~ 9. To pl~t~ and conti~uous~y keep on ths buitdinps „ow o~ Mr~~ft~r situ~te on said land and on all eqa~ip~»enf ~nd person~ily covered by thit mat9- ` +g~, w~th ~il prerniumt thereon pa~d in fulf, fire i~:~rrnca in tM ~~ua! sundard policy form, i~ a sum ipproved by the MOR~GAGEE, and w~nd~sorm insurante in the usual tunda~d pol:cy fam, i~ a sum approved by ~he MORTGAGEE, in iuch tanpany or companies as the MpRIGAGEE may dirad; ~nd all fire and w~ndstorm insurancs policies on any of sa~d build~npi. any in~eresl therein or part ~he~eol, i~ the aggrcqate tum afwesaid w in ~ac~ss Ihereof, shall contain ths uaual standard mortqsget clause a such othe~ clause as Ihe Mai9a8ee may reQu~re, maAing the loss uncler sad poti~ c1es, each and every. payabfe to said MOR(GAGEE as i1s interest may ~ppear, •nd each arx! evwy fuch po~~cy ahal) be prompUy ~ss qned and deGvered ~o +ny hsld by said MORiGAGEE •s turthe~ ~ecurity lo said mwtyage deb/, and, not less than ~en (10) days in adva~ice of ~he expirat~on o1 each pol~cy, to d~- live~ to ~aid MORTGAGEE a.enewal thercof, togNher with a rece~pt (oa 1he premi~m of such renewal; and there shall be no f~re or wir~duorm inaurance P~actd on any of said bvildings, any interest the?ein w ~»rl therepf, unless in the fo~m end with fM loas payable as atoretaid; and in tl+e event any tum ^+o^~Y ~~es payabte unde~ such policy a policies said MORTGAGEE shall have ~he opt~on to receive and appfy the same on account o( the i~xlabted- ness ucu~ed hcveby or ~o perm~f isid MORTGAGORS to receiv~ and uss it a sny pa+r tl,ereof lo. o:i~~•r pur~:osc•s, v.~~nuo~ ~h ur ..a~w1.~3 or ~~~~p~i~- ing any aquity, liert or r~gh1 under or by virlue of this mo:!gage; a~+d in the eve~l seid MORiGAGORS shall for any reason iail to keep 1he said pre~nisrs w i insured, pr fail to deliver promptly ~ny o( said polkief ol insuranc~ 1o sa~d MQRTGAGEE, or fad prompily ro pay fu~ly a~y pre~~u~m thc~efo~ p in any ~ respect fail to palam, d~scharge, eYecute, ef(ec~, comptete, comply wi~h and ~b~de by fh~s covenan~, a any par~ harcot, sa~d MORTGAGEE may piace and ~ pay fa suth insuruK~ or any part thereof witlw~t waiviny a sifectinq any option, lien, cqu~ty, w right under or by vi~tue of lhis Mwtgage, and tlx s full amount of exh and every avch payment shall be immediately dve a~ payable and shall bear interosl lrom the date thercol umH paid at the ro~e ol n~ne per centum per annwn and ~o~ether wieh such interest ~hal~ be srcurcd by the tien of this mortgage. 1. To permil, commit or suf(er no waste, impairment o~ deterioration o1 said property or any part the~eof. j 5. To pay all and singular tha costs, charges and exps~us, ~nc~uding a reasonable attorney"s (ee and costs of ab:rract~ of title, incurred or paid at eny time by said JHORTGAGEE, beca~se or in the event of ~he !a~lure on tiK part of ~he said MORTGAGOR to duly, pranptly a:x! fuily pe~form, d~xharge, e~cccute, eflect, complete, comply w~th s~~d ab:de by eath and every th~ stipulat~ons, agree~~~ents, condieia:s, and covenanrs of sa~d pro~nissory note and ~his Twtg~ge any w either, and sa~d w~ts, charges and eapenus, each and every, shall be immrdiarefy due and payabte; whe~he+ o. not the~e be no+rce dr mand, atfempt to collcct or suit pend~ng; and the {ul) amovnt of each and every such payment sha~t bear imerest lrom the date thereof unsil pa~d a1 the 1 rate o( nine per crntum per annum; and all aaid costs, charges and expenses inturred or paid, toyether w~~h such interest, ahafl be secured by fhe I~en of th~t morfya~~. 6. Thaf (a) in IMe event of any breach of this Mortgage or deiaull on the part of Ihe MORTGAGCR, or ~b) in the event any of sa:d sums oi money herein referred to be not promptiy and iutiy paid wi~hin ~n~riy i30'y days ~~cn~ a'rrr the s.;nse ;e:era'ty ~cca+~sc d~e ~~sa pay3lslt, witl~eu~ de+nand or ~tice, or ;c) in the event each and eve~y rhe stiputations, agreements, coRd%tiw~s and covenar~ts of sa.d p~omii3ory note ard ~h,s mo~lgage any or either are nol ~uly, promptly and Iully performed, d,scharg~, executed, elfected, completed, compGed w~~h and ab~ded ~y, then in e~iher a any such event the ta~d ag 9~egate sum memioned in sa~d pran;ssory nore theo remafning unpa~d, witA inTerese acuurd, and au monera secared hereby, shall becu~ne d~e and pay- able tathwith, o~ 1he~eaftcr, at the optfon of said MORTGAGEE, as fu~ly and comple~ely as il ali of the sa~d sums o( money were or~gmel~y snpu:ated to be paid on sucA day, anything in sa.d promisswy note or in fhis Mortgage to the contrary r.otw~~hstandn+g; and thereupon Or thereaiter at the opt~o+~ o( 4a~d MORTGAGfE, wirhout rtor~ce or demand, suit +t law or in eq~ity, fhere(we w thereafter begun, may be prosecu~ed as if all moneys secured hereby nad ma?ured pnor to ,ts inautunon. 7. That in the event ~hat at ~he beginning ot or at any tirrk pending any su~t upon this Mortgage, a to faeclose it, or to retorm it, or to enforce paymem of any daims herounda~, said MORTGAGEE shall apply to tha Court having ~u.isd~uion ~hcreof Ior the appammem of a Recciver, wch Covr~ shail forehvvith appo~M a rece~ver ol said mor~gbged prooe?ty ail and singular, irxlud:ng a? and aingular the incenu, p~of~~s, issues artd reven~es irom whatever seurce derived, each and every of wh~ch, it bring ~xpressly understood, is hereby mortgaged as if speuhcaity ser forrh and described in the granring a~d habendum ctauses hereof, and such Receiver shal{ have all the b~oad and effectrve func~,ons and powers i~ anyw~se emrusted by a Co~.t to a Receiver, and :~ch appointrne~~t sha~! ~ made by wch Court as an admitted equity and a matter of abso~utc r~gh~ to said MORTGAGEE, and wit6c~t ~efere~rce to the edequary or inadequacy of the valve of the property mo~tgaged o~ to the so;vrncy or ,nsowency o1 said MORTGAGOR a the dela:sdants, and that svch renrs, p~ohts, income, iuues and revenues ahall be applied by such Receive~ accord:ng ~o the lien ot equity ot sa~d MORiGAGEE and ?he pracuce of such Court. 8. To duty, promptty and fulty perform, d~scharge, execute, effec~, complcre, canply wiih and ab;de by each and eve?y the st~pulat~ons, agree~nents, condition~ and covenanrs in sa~d prom~ssory note an~ th~s mortgage set fwth. 9. That in the even~ the ownersh~p pf the mortgaged prem~ses, or any part thcreof, becomes vested in a person o~her than the MORTGAGOR, the MORT(',AGEE, its s~uessors arsd ass~gns, may, without notice to the MORTGAOR, deal wrth such successw or succeswr in inferesf with reference to th~a morrgage and the debt here6y secured in the same manner as w~th Mortgago~ w~thout in any way vit~a~ing or d~scha~ging the Mo~tgagora' liabil~ty F~~r under w upo~ the debi F~ereby secured. No sale of the Fremixs hereby mo~tgaged ar.d no forbearance on /he part of the /AORTC,AGEE a its succeswra or assigns and no ea~erts~on of tF~¢ ~;me for fhe psyment oi the debt hercby secured given by the IJIORiGAGE'_ o~ its successo~s or assigns, a~ull operate ro releas~, d~scharye, mod~fy change or affect the orginal liability of ~he MQRTGAGOR hcreln, either i~ whole or in part. 10. It is speuf~catty agreed ~hat time is of the esx~ce of this cont.act ared that no waiver of any obl~gat~on hereunder or of tM obligatan sr c~+~ed hereby shafi at any rime thereafte~ be }ee)d to be s waiver of fhe teams he~eof or of the instrument secured herby. 11. In add.t~oa ro fhe fweao'ng monthly payments of princ pal and iroerest requ~red by the prom;ssory no!e secured hereby, mortgagor covenants and agrees to pay to mo:tgagee w~th each monthly payr.xnt an addnional sum esnn,ated by mortgagee to be equal to 1,' 12 of the ann~al cost of the follow- ~~tig: ~ A-All real property taaes levied or assessed agaisst the above describcd renl esrate. B-Pren,~u•ns on i~re and windstorm insuracce as herein requ:red to be canied on the :mproverne~ts s~t~ate on the above d=scribed premises. C-Prernlvms on such moreg:~ge guaranry i~surar~ce as mortgagee sha~l from f:me ta t~~ne deem fit to tarry on the ban secured hereby. Mortgagee sha:l !rcm t„ne to time not~fy mo~tgagor in writing of the am.ount due and payabte hereur+drr and such su:n shall thereupon be due and Fayable on rhe due date of thr ~e~t monthly payment and each suctessive month Iherealter ~ntil mortgagee shall notify mo;tgagor of a change in such a~~ount. Such sums sha;i be appiied by mo~tgagee ro,nard the payment of real prope.ty taxes, insurawce prem:ums, and mortgage guaranty insurance p~emiums. IN \YITNfiS ~tiHEREOF. :he sa~d MORTGAGOR has hereunto ut his hand and seal the day and y ~ first afwesaid. ~1 S~gr+ed~ Seated and detivered in the presence of: f.t,~~ Y'1: i~l flLEO ANp RECOROEO / . ST.IUCIE COUtiTY fLA. ~~,p ROCf R POITRAS CIE~K CIRCUIT COURT ~"n RECORO VERIFIEO ~ ~ (Seal) - a (Seel) S7ATE Of FtORIDA M~Y'l ~ O4 PM COUNTY OF .St+• LI1C~A ~ ~ ~~3 1 Before me personally appearcd ~~Yd H81~., Jr. - ~61'~ih8 ~i0ui3@ ~811 hIs w~~e, to mc well known and known to me to be rhe individwfs desaibed in and who executed the foregoiny instrument, end acknowledged before me that they exec~red the same for the purposes rherein expresud. And the said ~AI't~ TAU~99 ~8~ w~fe of the said ~O~ti H811, Jr. ` a xparate and private examinat~on by me ta4en separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- ~ rar,ly and w;thout any ~orr,P~(sion, co~straint, apprehens:on, u tea~ of w{rom her said husband. WI1(YESS my hand and offiual seal this day of_ A. D_ 19 / ~J ~ --•4= ~a-~~l~~ ~ ~6~ ' ~i- Notary Pubtic in and for Ihe $tate of Fbrida tl larpe My Comm~ssion expires: Return ro: ~OiAR! PU.;I firsf Fedetat Savings b loan Associat~on `~~~`~~~"j11fj~~~~''•• ~ STAiE QF Of Fort P e~ce ~ Z w C`JMMISSION S.~R~~ AT (IIR~E ~ : , BONDED fHRU f~RE~pRy. ~ ~ 19T= Fort P~erce. Ftcr~d~ ~ -f ~ ~T : Q v~ • - : f~ . : ~ ~ •i •~+1~ J ' _ ~ • - .r ~ ~S~ VS ; . This Instrument P~epared By JOj~ W. C" ~~_i J.- First ~ederat Savings b Loan Association Q, • of Fort Pierce ~ Florida ~ ~~i''••••••••'' - ~ . ~ Checked By : b~lc i~ . l~s , .r~ z-- . ~ . _a. . ~ _ ~