The URL can be used to link to this page

Home My WebLink About2879 , 3. To plxe and continuously kecp on the bui!dings now w hereaftN ~i~uat~ on said land and on sll rqu~pment and p~rwnally cov~r~d by this ma p~, with a11 premiumt'thereon pa~d in fu~l, iire insurance in ths uswl itandard po~ity tam, i~ a sum approved by tM MOR(GAGEE, a~d wi~dsto insurar?c~ in tM utual itandard po~:cy form, in a sum apptoved by the 1NORTGAGEE, in such comps~y or companies as the MORTGAGEE m direcl; ~nd ~It tirs and winditorm insurance ~1o~k~es on a~y of •aid build~ng~, any Interesl therein or parf lhereof, in Ihe sggrey+t~ svm alwesaid M excesa thereof, shall contain the u~ual standard mortgagee clsuse or such other dause at 1M Mortgage~ may requ~re, makirp ~hs toai unde~ sa~d po cies, each end every, payable to s~~d MORTGAGEE as its interest may ~pprar. and each and every such policy ~hall be promptly au yned ~nd d~~iver~d + ~ny held by s~id MORTGAGEE as (ur~her secu~ity to uid mortyags debt, and, not Icu ~Mn ten (101 days in advance of ths expiration of e~ch policy, to d~ liva to said MORTGAGEE • renewal thereof, togerhsr with a receipt for the premium of tuth renewal; and Ihere shall b~ ~o fire w windsto+m insurant p1Ked on ~ny of said buildings, any intcreat therei~ or part lhereof, unlrss in the torm and with Ihe toss payabl0 ai afo~es~id; and in the e~eM any tu~ of money becomss payable unde~ such poliq a policies said MORiGAGEE shall have ~he opfio~ to receive a~d apply the s~me on ~ccovm oi the indebtcd : neu secured hereby or ro prmit said MORTGAGORS ta reteive and ute it w eny pa.t thereoi for orher purposes, without thr.eb~ waivi~g a m~pai~~ ~ inp a~y pu~ty, lie~ a right under w by virtw of this mo:egage; ~nd in th~ event sa~d MORiGAGORS shall fw any reason fait to keap Ihe said p~emises so ~ insured, or (ail b de~ive~ promptly any of said policies of inturance to said MORTGAGEE, w fail promptly to p~y fully a~y premium therefw w in a~Y respect fsil b perfam, diuharge, execute, effect, complete, comply with and abide by thif covena~t, a any parl hereof, said MORTGAGEE may p~xe and pay (a s~ch irourance a any part thereof without waiving w aifec~ing airyr oprion, lieo, equ~ty, ot ~~ght unda a by virtw of thii Mortya~e, and tht ~ full an?ov~l of each and e.•ery suth payment ihall be immedia~ely due and payable and shall bear inte?est from ths data thcreof until paid at tM rat~ of nine pe~ ceMUm per annum and together with such interest shali be satured by the lien ot thii rtwrtpays• 1. To p~rmit, tommit a suffN ~o wute, impairmeM or deteriorotion of ~aid proptrty or any p~rf fhersof. ~ 5. To p+y ~II srx! i~ngu~ar tF+e cwb, chsrges and expenses, including a reaso~eble attwney i fee snd costs of abstracri of title, intvned a p+~d at ~ any time by said lV10RTGAGfE, because a~~ ~he event of ths failure on the part of the said MORTGAGOR to duly, promptly and fuily pa(wm, d~xharpe, t execute, effect, comptett, comply w~th and ab~de by each and every the st~pulst~ons, agreemenb, conditiaa. +nd covenanb of ssid promisswy noN a~d ~hu ma~gape any a either, and sa~d costs, charges a~d expenses, each and avery, sMll b~ immcdiately due and payable; whsther a not thert bs notice ds mand, attempt to tollett a wit pend~ng; and the (ull amount of each and erery wch payment shall bea~ interest Irom ths date thereof until paid at the rate of nine per tentum per an~~um; and all said cos~s, charges ~nd eapenses incurred w paid, logether with suth interest, sMll b~ tetv~ed by 1M li~n of this mwt~sy~. ~ Q ihat (a) in the event of any breach oi this Nbrtgage o~ defa~l~ on the part of the MORTGAGOR, a(b) in the event any of s~id sums of monty ~ herein refwred to be not pranptty and fully paid within th~rty (30) days ne,~t af~er Ihe same sevcrally become due ~nd payable, wilhout demand or notite. w(c) tn the event each and every the stipulatians, agreements, cond~tio~s and coven~nts of ss:d promissory note and th~s mwtgaye +ny o~ e~~her +r~ nol iuly, promptly and fully performcd, d uharged, execured, efiec~ed, completed, complied wi~h and ab~ded tiy, thee in ei~her a any such :wm the a~id a~ p~egate wm mentioned in said promisswy r+ote then remaining unpaid, with interes~ xcrued, and a!I monrys secured hereby, sh+ll becoma dw ~nd pay- able fathwith, a thcreafter, at the option of said MORTGAGEE, as fully and completely ss ii all of the said sums of mo~ey were wigin~lly stipulated ro be pa7d on such day, anything in sa:d pro~niuory +ate or in this Mor~yage to the contrary notwiths~s~d~ng; and thereupoe~ or thereafta a~ the option of said MORTGAGEE, without not~ce or demand, suit at taw ot in equity, therefwe or theresfter bepun, may be (xosecuted u if all rtaneys sscur~d hsreby had matured prar lo ~ts institWion. 7. Thst i~ ths event that at the beginni~g of w af any time pending any su~t upon this Mwfgage, w to foreclose it, or to refwm it, e~ fo enforu payment of any claims hereunder, aaid MORTGAGEE shall appty to thc Cou?t having jurisd~c~~on thereof for the appointment of a Receive~, wc1~ Gourt shall Fathwith appoint a receiver of said mwtgaged p~operty all and singular, inciud~ng all and sinflulsr the income, p~ofits, issues and ~evenues (rom whateve~ sovrce de?ived, each and every of which, it be~ng expressly undentood, is he~eby mortgaged as if speci[icaUy set forth and destribed in fhe 9rantin~ and habcndum dauses hereof, and such Receiver shall have sll the broad and effeaive funct~ons and powers in anywise entrusted by a Cou.t to a Reteiva, ~nd such appointment shall be made by wth Court as an admitted equity and a matter of absolute right to said MORTGAGEE. and without refe~ence to the •dequsty or inadequacy of the vatue of the property mwtgaged or to the soivency or insol~ency o( sa~d MORTGAGOR w rhe defendann, a.~d that such rents, profiri, incane, issves and revenues shall be applied by such Receiver according to the lien or equity of said NIORTGAGEE and the prattiu of stKh Ca?tf. 8. To duly, promptly and fully perform, d~scharga, execute, effect, complete, compty with snd abide by each and every the stipvlatio~s, spreemsnb, conditions and covenants in sa~d promisswy note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in s penon other fhsn fhe AIIORTGAGOR, ths MORTGAGEE, in successo.s a~d assigns, may, without no+~ce to ~he A10RTGAOR, deal wi~h such succeuor or successor in interest with reference to this mo~tgage and the debt hereby secured in the same ma~r.e~ as with Mortgagor without in any way vitiatinp a d~uharging the Mortpa9ws' li~bility htrt under a upon the debf hereby sxured. No sale of ~he Fremixa hereby mo+tgaged and no fo~bearante on 1he part of Ihe MORTGAGEE or iri sutce3sors or suigns and no exfension of the r~me fw the payment of the debt hereby secured grven by the lNORTGAGEE o~ iri iuccessors or assigro, shall eperate to release, d~uharge, modify cha~ge w afiect the orig~nal Iiab~Gty of the MARTGAGOR herein, either in whole a in part. 10. It is spec~fically agreed that t~me is of the cssence of this contract a~d that ra waiver of any obligatan he~eu~der o~ of th~ oblipatan sa- cwed hereby shal! at ~ny time thereafter be held to be a waiver of the terms hereof or of the instrvmenf secured herby. 11. In tddrtion to the forecao:ng monthly paymen?s of princ'pal and interest raquised by the promiuwy iate secured hereby, mortgagor tovenanTs and sgrees to pay to mortgsgce w•itA each monrfily payrnent an addirionsl sum estimated by mortgagee to b~ equal W 1/12'of the annwl cost of the folbw- irg: A-All reat property taxes kvied or assesseci agai~st fhc above deuribed re~l estate. B-Premiums on iire and windsto~m insu~arce as herein req~~red to be carried on the improvemeits sitvate on the above dexribed p~emises. C-Premiums on such mortgage guaranty insurar~ce as mor~gagee shall f~om time to time deem fit to ca?ry on the loan secured hereby. 'll Mwtgagee shail fiom time to time notify mortgagor in writ~ng of the amou~r due and pay+ble hereu~d¢r snd such wm shall thereupon be dve ~nd payable on the due date of rhe ~ext nwnth!y payment a~id each successive month thereafter u~til mortgagee sI?all notify mortgayor of a change in suth ~ amo~m. Such sums sha~l be applied by mwtgagee toward the payment of real propcrty taxes, insurance {xem:ums, aix! mortgspe guaranty insurance premiums. IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day ~nd year first aforesaid. Signed. Sealed and delivered in the presence of: ~L~~S1Yl~flQ~ ~ ISe+q _ C s N. C a Jr. n ? Ol~,:,..+?. rs.,q Catherine R: Ca],aes ~~,q ~ scou~r oF~~~~. ~ . defore m~ p~rwnal~y app~ared N J f::, ~~t,,~. - ~t~j`i~$ ~~S his wife, to ms wet) krqwn and kr~p~E the individuab described i~ and who executed the forepoinp instrument, and ~cknonwkdp/e~~d ~b~efore m~ that tMy executed the tam~j~kib'1~i~,QYfp~~~~;.;.` ~ ~ A~ 1 eYn - ' : tF1efOiI1 t7[Pf!!f!d- ~1fld t~1! iaid ~4i~~ A• Viii~08 r~~` 4 1 T Z-5~~. ~ , . . - wii~ of the taid r~i-'lAa H.-~~a~_~'. Wa+~l~lP~?M'~ ~v `'a - e~amination by me taken acparate tnd apsrt from her said husband, ~dcnowledped fo and befor~ rne that shs e:ecuted said 'w1s~ljfl,~iA~ , sf,~~ - tuilY and witho~rt sny compulsion, const~~int, apprehens~on, w fsu of or from her ssid husband ~ . WITNESS my hand ~~d offic;al seal thi: dsy of ~~~e2' . A. ~ t4`~~`~~ ~ .~~~l~q• . _ -t . ~ ~ {i~~ :t„~rS1„`,~'~~-. Notary Publie in and fw fh~ SNt~ of ~ a~1~1~. e:..:?• • ~ ~ ~ ` M„ c«ti.?w.~, ~?'iy Virgi~a - ~ - Return To: ~ first Federal Savinps 3 loan Associst~on ~ Of Fo~t P;e~ce. f lE0 AMD REC~~q.. fort Pierce, fb~~da `u(~`~E CQ(~N ~ rW~ ROCEa o~~i~~f CIERR C~~CuIT COiiI~T - It[coao vER~?+E4~ This Instrument Prepared By 1~jj~ $1+gW1 ~ ,~O ~0 ~}S First Federal Savings b loan Association of Fort Pierce ~ j~p~dg Checked By 0 R a~oK ~9~ ~F2877 . - xs.s~o ~ ~ ` l~s _ e ~ -~~:~.a: ~ _~.~.~~~s