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Home My WebLink About2754 ~ 3. To plac~ and continuously keep on the bui!ding~ now or Aereafrer ~ituate on iaid land and on +II cquipme~t and pe~wn+ity covered by thi~ ma ~gs, with ~I) premiums thereo~ pa~d i~ full, fire insurance in the usual stendard poticy fo~m, in a ~um ap{xoved by 1he MORtGAGEE, and windsto insurance in ths usual t~andard pol~cy fwm, i~ • sum appro~ed by tM MORTGAGEE, in iuch canpaoy or canpanie~ ~s ~he MORiGAGEE m dired; and aN ~ir~ and windstorm insurante pol~cies on any of ssid build~rpi, ~ny tnte~sst ~herein or part the~wf, i~ :hs ag9reya~e tum aiw~uid In exceu ~hereof, shalt comain the uiual sfandard ma~yagee clause w such o~ha d+uss +s the Maty+gee may requi~s, making ~M losf unda w~d po cies, each and every, payabte 1o ssid MORiGAGEE +s ~~s in~e~est may appea~, and exh and every s~ch policy. shall b~ promp~ly +s~:gned +nd dtlivsred ~ sny heW by s~id MORiGAGEE ai iur~her iecu~ity to w~d morl~age deb~, and, not leu ~ha~ ten (t0) d,~: in advance o( the expira~ion of aach policy, to d~ live~ to said MORiGAGEE a rMewal the~cof, topethsr wi~h a receipt for the pranium of suth renewal; and Iher~ ahsll be ~o fire w windito~m insurant pl~ced on ~ny of siid buildings, any i~tereit there~n o~ psrl thereo(, unless in ~he form ~nd wi~h the l~s p+yabl~ as aforesaid; and in the ~vent any sun of monsy become~ payable unda such policy p polKies iaid MORTGRGEE ihall havt ~hs opt~on to receiva and ~pply the ume a+ +ccouM o( the indebted neu secured hereby o~ lo permit ssid MORTGAGORS to receive snd use it w any Fart thereof for other purposes, ~vithout Ih~eb/ waiving o~ ~mpair• ing any eqvity, lien w righ~ under or by virtw of this mortpape; and i~ tM ~vent said MORTGAGORS shall ia any reason fail ~o kaep the i+id p~~mises so insured, a fail to detiver promplly •ny of taid pol~cies of i~su.ance lo said MORTGAGEE, a fail prwpptly fo pay fu11y ~ny pre~nium therefw a i~ a~y respect fail to perfo?m, diuharge, execute, effed, comptets, comply with ~nd ab~de by thit covensnt„br ~ny part he~eof, said MORTGAGEE may place snd pay for such insuronce or any p~rf thereof without waiving w af(ectirp any option, lien; ~quk~; ~t tiyht under or by virtve of this Morlyase, and tht full amount of each ~nd every such paymeM shatl be immediately dw and p+yable ~nd shall bear i~ercft from tM da+s thereof untit paid a1 tM rat~ ol nine per ceroum pe~ annum ind together wi~h s~th interest shal{ be sc~tured by tht lien of thit mort}~ . 1, To permit, canmit or sutfer no waate, impai?rteent w deteraration of uid praperiy w any ,rf tlxteof. S. To pay all and iinyular Ihs costs, charges ~nd expensei, includiny a rcasonable +~twr?~y't ee and cost~ of sbsuactt of titie, inc~rred or paid at any time by said MORTGAGEE, because w in the ~vent of the failure on the part of ~h~ said MOR ~ GOR ro duty, promptly a~d fully psrform, d~sthargR execute. effett, compleet, comply with and ab:de by esch and eve~y tF?e stip~latwns, ~greements, tions, +nd covenants of said promis:o~y note and thq mwtyage any or either, and uid coses, charyes and expenses, each and every. shall be immediate~ ~nd payable: whether a not ther~ be ~otice dr mand, atfempt ro col{ect a suit pend~ng; and the (ull amount of each snd every such payrtcem ~ha bea? i~teresl lrom the dste thereof until paid at the ~ rate of nin~ per ccmum per aonum; and all said cos~s, charges and expenses incurred or paid, together w~th iuch inq~stl, ~hall be ~ecu~ed by ~he lieo of tbis F morty~s. 6. TMt (a) in the event of any breach of thw 1Nortgag~ w default on the part of the MORTGAGOR, or (b) in the event any of said sums of moMy herein referred to be not promptly and fully paid within thirty (30) days neat afte? the same seve~elly become due and payable, without demand w notite, or (c) i~ the ~wM each u+d every the s:iputations, agreements, co~ditions and covenanM of ss~d promiuory note and th~s mo~tgape ~ny or either are not iuly, promptly end fulty perfwmed, d~uharged, executed, effected, completed, cor»plied_with and abided by, then in either o~ +ny suth ~wnt tM ~aid a¢ gregate sum meN'aned in said promissory note then remaining unpaid, with iroeresl aurued, and all moneys aetured hereby, shall betome dw snd pay~ able forthwith, or thereafter, a1 the opt~on of said MORiGAGEE, as fully and complNely as if ~II of the said sums of money.were wigi~ally stipulated to be paed on such day, anything i~ sa:d p?omisswy ~ote w in this Mortgage to ~he cont.ary notwithstanding; and the~eupo~ ot. thereafta at the option of said MORTGAGEE, without notice w demand, suit af law or in equity, there(we w tF~esfter begun, may be ptoaecuted as if all rtaney~ secvred hereby had matured prwt to ib i~utitution. 7. That in the event that at the begi~ning of or at any time pendi~g any suit upon this Mo~tgage, w to foreclos~ it, a to rtfdm it, or to enforp payme~t of sny claims hereundrr, ssid MORTGAGEE shall apply to the ~ourt having jur~sdrctian Ihereo( iw ~hs appo~ntment of a Receiver, svch Court shall forthwith sppo7nt a receiver of uid moregaged property all and iingulsr, includ~ng all and singular the irxome, profits, iswes and revenues from whatever source derived, eath and every' of which, it be;ng expres~ly unders~ood, is hereby mwtgaged af if specifically set falh and destribed in fhe prantiny and habendum tlauses lx~eof, and such Receiver shall have all the broad and effective funct~o~s and powers in anywi e~trustcd by s Court lo a Receiver, and scch appointmem shall be made by such Cou~t as an admitted cquity and a maner of absolute right to sai RTGAGEE, and witlwiit reference to tM adequacy a inadequscy of the value of the property mortgaged or to the so~vency or insoivency O( s~~d RTGAGOR w the defenda~n, and that such ~ems, profits, incane, iuues and revenues shall be applied by such Receiver according to ~he lien o4-eq of said N10RTGAGEE and the practice of wch Court. 8. To duly, promptly and fully perform, diuharge, exec~te, e(fect, complete, comply witFi~,~nd ~b' by each and ~very the stipulations, agreemenTS, conditions and covecwnts i~ said promissory note and this mwtgage set forth. 9. Thst in tl+e evem the ownenhip of the mortgaged premises, a any part thercof, becomes vea!rd a perwn ofher thsn the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, wirhout norice to the MORTGAOR, deal w~th such successor a successor in inte~est with reference to this mo~tgsge and the debt hereby sttured in the same manner as with Mortgagor without in any,lnay vitiatiny ot distharging the Nlortgagors` liability her~- under or upon the debt hereby secured. No sale of the premises hereby mortgaged a~ no 1o~bes~ance on the part o1 the MORTGAGEE w its sucteuon or assigns and no eatens~on of the time for the payment of the debt hcreby secured given by the MORTGAGEE or its sutteswrs w auigns, shall opetate ro releau, discharge, modify change or aftect the orig~nal liab~lity af the MORTGAGOR herein, either in whole o? in pa~t. 10_ It is specifically ag.eed that time is of the esunce of this contract and that no waiver of any obligation hereunder or of the oblipation se- cured hereby shall at any tirrK thereafter be held to be a waiver of the terms hereof o~ of the instrument secured herby. I1. In add~tio~ to the forego:ng monthly Rayments of princ'pbi and interest required by the promissory note secured hereby, mortgagor tovensnfs and agrees to pay to mortgagee with each month:y payr~,ent an addi~ional sum estimated by mortgagee to be equal to 1/12 of the annwl cost of the follow- ing. • A-All rea! property taxes levied w assessed agai~st the above dexribed real estate. B-Premiums on fiie and windstorm insurance as herein requ:red to be carried on the imFrovements sitvate on the above desuibed premises. C-Premium: on such mortgage g~aranty insura~:ce as mortgagee shall from t;me to time deQm fit to carry on the Ioan secured Ixreby. AM1ortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder a~d such sum shall thereupon be due and F.ayabte on the due daee of the ~ext month:y payme~it and each succe:sive moroh thereafter urtil mortgagee shall notify mortgagor of a chaoge in such a~,ount. Such sums shall be applied by mortgagee toward the payment of real property taaes, insurante prem:~ms, and morigage guaranfy insurance o re miums. ! IN WITNESS WHEREOF, the sa7d MORTGAGOR has hereunto set his hand and seal the day and yesr first sfwesaid. ~ ~Sig^f~ Sea`led a~ deliver presence of: G~ • ~ pJ l/~G ~T~l/f /L:. . .~1~`~`4I-GLP ~~-'~~1~ ~ ~N~ ~ ~ 1i4~A"`'~-~ea~ ~ STATE OF FLORIDA ~ ~ ~ ~r• TiIIC~ ~ . ouNnr oF ~ 8efore me penonally appeared I~~~ ~~d ~1~ ha wife, ro me well known snd known to me to b~ i ~ the individuals desuibed in and who executed the fa oinp instrvment, and ~cknowledped before mt that they executed the sams fw tFw pwpotas ~ i therein expressed. And the said ~~i ` ~ w~fe of the said ~a~~~ j~~~ upon ~ separafe ~nd privat~ i ~ examinatwn by me taken uparate and apart from her ~aid husband, adc~owted9ed ro and befwe m~ that ~i?s eaecvied said instr~mtnt frs+ly snd voluh- ~ rarily and without any compulsion, constraint, appre ns fear of a from her said husba~d. ~ WITNESS my F~and s~ official seal this ~ dsy of ~ ~ A. D. 19 ~ 4 i; ~ . ~.~r.~ _ Notsry Public in and fw the ,~{~t~ o flor' _ ~ M Commiuiw~ tx res: y~~° • ~ Retum To: Y ~ t~ ~ • i~r • t.'~' ~~~'~'f ~ Fint fede~a) Savi s 3 loan Association '~~1:`~`-~5 ' Of Fot P:erce. ~D- II- 7~ V~~...~ ~,I.~ Fo~t P~erce. Flw~da E~EO 1!VQ !ZE Q~ ~:~I~~ i - ~#~a~~' ?o~w~ . r~~?:~~;,`~- ~a . _ 4~~R?~ `~i f l€~ 6 dR{ ~ ; Q;. , RcaeRO v~F . , , . r,: ; 7his Instrument Prepared By J. D. li~ast~ain S7,'yTE 4.'~,.~ r- First Federal Savings b Loan Association r~ p ~ ^`"~{?ferti , ~ of Fort Pierce ~ !'lol1dt ~ L~ ~~J ~ - ` ' ; Checked By ~,fj~4 ~ ~ BOOK1y5 PACE~~j52 ` l~a ~ - - _ - ~ - : . , , : ~ ~ -~"y ` . _ - _ ~A--_. <<