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Home My WebLink About2072 e ~ 3. To place and continuously keep on the bu1!dings now o~ hcreafter ~it~sle on said land ~nd on iIl equ~p~*+ent and person~lly covered by this mor ags, with •II premi~ms thcreon pa~d i~ full, fire insu.ance in the usuat sNnderd pol~cy form, in a sum •pwoved by the MORiuAGEE, and winJsto ~ns~r~nce in ths usual s~anda~d poi~cy fwm, in a sum approved by ~he MORiGAGEE, in such company o~ co~.~pa~~es ss the MORTGAGEE m d~rect; ~nd all fire and w+ndstorm insurance po~~ues on any of said build~n9s, any in~erest therein or part ~hereof, in Ihe a99reg~te ~um •loresa~d ~ in excess thereof, shall ca+tain the usual standard mortgages clauu w wth oiher clavse as tM Mo~tyagt~ mey requ~rs, makin~ Ihe lou unde~ sa~d po c~es, each and every, payable to said A~ORiGAGEE as es interesi may appear, and esch and eve~y •uch po~~cy shall be prompriy a~s yncd ~nd de~~rered + any held by sa~d MOR(GAGEE ai further security to sald matgags dabt, and, not leu than ten (10) days in advance of the exDirat~on o( each pol~tp, to d~ I~ver to said MORTGAGEE a renewal thcrcof, toge~her with ~ receipt fw the premium of such renewa~; +K1 ~here shall be no fut or windstor~n in~uranc pl~ced on a~y of sa~d buildings, any interest there~n w pa~t theroaf, unless in ths form and wifh the foas payable as afo~eu~d; and in the eve~t any sun of money bccomes payabk unde~ s~ch polity w policies said MORTGAGEE shall have the opt~on to receive an<! 8pp?y the sanu o~ accoun? of the i~drbted ness secured t:sreby w to permit said MORTGAGORS to receive and use N or any part the:eof fcv other purposes, ~v~~ho~t ihareo~ wai~ing o~ ~mpair ing any equ~ty, lien w right under or by virtue of this ma:ga9e; and in 1F?~ ~vent uid MORTGAGORS shall fw a~y rcason fail to keep the faid prem;ses so ;naured, w fail ro dei~ver promptly any of sa~d policies oi insurance ~o said MORTGAGEE, er fail promptly to pay fu11y any pre~nium theretor a in a~y respctt fail to perform, discha~ge, ezecute, effect, complete, comply with and ~bid~ by thti tovenam, a•ny pert he~eof, w;d MORTGAGEE may place a~.d pay fw auch insurance or sny part thercof w~thout w~iviny or affec~iny any option, lien, eqv~ty, w ngh~ under a by virtu~ of this Mwtgaye. +nd the futl amo~nt oi e~ch and e.•ery such payment shall be immedlately due and p+yable and :hail bear interes~ from tM dats IFxreof un~il pa~d st ~he rats ol n~ne per centum pe~ annum and to~ethei v~i~h such interest shall be secursd by the lien of this mo+tflage- 1. To ptrmit, commit or fuifet no waste, impairment or deterioration of said p~operty or any part thereof. 5. To pay all and singuls~ the costs, chargea snd expenses, including a reaso~ab~e attorney i fee and costs of ab~tradi of tit!e, i~curred w paid a~ any time by aa~d MORTGAGEE, because w in the evenl of the failure on the part of ~hs said MORTGAGOR to duly, p.omptly and fu~ly pe.(orm, d~scharge. rxecute, effect, complete, comply w~th and ab:de by each and every the atipulanons, a9reemems, condEGons, and covenanrs of ss~d promiasory note and ~h]s ,~orfgage any or ei~hrr, snd sa~d costs, charges and expenses, each and evNy, shall be immediately dw snd payable; whether or not there b~ nof~ce de ma~d, atternpt to collM w suit pend:ng; and the (ull amount of each and every such payment shall bea. i~terest from the date the.eof until paid a1 the r,~re of nine per crnrum prr annum; and all said cos~s, charges and expenses incurred o~ paid, togelher w~th auch interest, sFwll be tecured by 14x lien of thi~ mat9age. 6. Th~t (a) in the eveM of any breach of thia 1Nortga9e or defrt~~t on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money ~ herein referred to be not prompt~y and fully paid ~n~ithin th:rty (30) daya next after Ihe same severjlly become due and payabte, without demand w notice. ' or (c) in the event cach and every ~he stipulations, agreemenfs, condisions and covensnrs of sa:d pron.issory note and th~s mortgage any a ei~her are no1 iuly, promptly and fully performed, d~scharged, ezec~ted, effected, carpleted, compfied with and abided Sy, then in e~ther w any such evem the faid ag gregata sum rtKntioned in said promiuwy ~ote then rema~ning unpaid, with intcrest accrued, and all moneys setured hertby, shall become due and pay- a5ie forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as i1 all of the w~d sums of money were o~g~natly st~puletcd to be paid on such dsy, anything in sa:d promisswy rtote or in this Mortgage to the contrary nptwithsta~ding; and thereupon or thereafter at the op~~o~ of :a~d MORTGAGEE, without no~ice or demand, suit at law w~n equ~ty, therefae or thereaf~er begun, may be prosecuted as if all moneys secured hereby nad matured pner lo ~ts inatitution_ 7. That in the event that at the beginning of or at sny time pe~dirg any suit upor~ this Mwtgage, w to foreclose it, or to rcform it, or to enforte payment of any claims her.unde~, said MORTGAGEE shatl apply to the Cou~t having jur~sd~c~ion thereof tor the appointmeni of • ReceivN, such ~ourl shall ic~thwith appoint a receiver of said mortgaged property all and singular, includ~ng all and s~ngular ine income, profits, iasu~s +nd revenues irom whatever ~ s~~rce derrved, each snd every o4 wh~ch, it be~ny express!y under:~ood. ~s hereby morrgaged as ~f spec~fically set fath and described in the g.aming a~d i,abendum tlauses hereof, and such Receiver shall have a11 the broad and efiective func:.ons arx! powcrs in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a maner of absolute ~ight to said MORTGAGEE, and withoul referente to the edequacy a inadequacy of the value of the property mortgaged or to the so:vency or inso~vency of said MORTGAGOR w the defendants, and lhaf such renrs, profih, incane, iuues and revenues shail be applied by such Receiver accord~ng to tF.e lien or equity of sa~d MORiGAGEE and the practice of suth Court. 8. To dulv, promptty and fully perform, d~scharge, ezecute, ef(ect, mmplete, comply w~th and abide by each and every the stipulations, agreements, :onditions and eovenants in said promissory note and th~s mce?~a~r frv~h. 9. Tha~ in the event the ownership of the mortgaged p~emists, w any part thereof, becomcs vested in a person o1Fxr than the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, w~thout notice to the MORTGaOR, deat with such svccesso? or successa in inteiest with reference to this mortgsge and the debf hereby secured in the same manner as with Mortgaqor «~c ~:.u! in any way vitiating or dixharging the Mo~tgagori liabitity herr ~nder w upon the debt hereby secured. No sate of the prem~ses hrreby mortgaged •nd no forbearance on the pa?t of the MORTGAGEE w its succassws or assigns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, shall operate ro releax, d~scharge, modify change or affect the original Iiab~Gty of the MORTGAGOR herein, either io whole or in part. i i 10. N is specifically agreed that time is of the essence of this comratt and that no waiver of any ob~igation hereundet or of the obligatan sr i cvred hereby sha11 at any time the~eafter be held to be a waiver of the terms hereof or of the instrumeN secured herby. ~ 11. In add.tio~ to the fw o'n monthl a ments of r~nc ai and interest re uired b the rom~ssor note secu+ed hereb , mort a or covenants ~ e9 9 YPY P P q Y P Y ? 99 a~d ag~ees to pay to mortgagee with each monthly payr.,ent an add~~~onal sum estimared by mortgagee to be eq~al to 1/12 oi the annuai cost of the follow- ~ n~. ~ A-AI~ real propeny ta:zs levied or assessed against the above described real esrate. B-Prem~ums on f~re and windstorm ~ns~rar.ce as here~n requ~red to be ca.ried on the ~mFroveme~ts s~tuate on tFie above described premises. ~ C-Premiums on such morteage guaranty ir.sura.~ce as mo~rgagee shall irom r.me to time deem fit to carry on the loan secured hereby. ~ - Mortgagee shall from time to t~me notify mor~gagor ~n wr~t~ng of the amou~t due and payable hereunder and such sum shalf thereupon be due and ~ c 3vable on tMe oue date of the next mon5hiy payment and each successive momh thereafter uctil mortgagee shall not~fy mortgagor of a change in such ~ ~~~.oum. Such sums sha:l be applied by mortgagee toward the paymeM of reaY property taxes, insurar.ce p~em:ums, and mortgage guaranfy insurance ~ n~emiumi. ~ IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto xt his han~ and seal the day and year first afwesaid. ~ S ned, Sealed and d ver~d in t e presence of: ^ ~ 4 ~ ' G ~ +n - - ) 1"1 I'l~811 Seal) ~ _ (Seaq ~ _ rta G. Pbrrell (~a~) ~ ~ ~ 5 i ATE OF FLORIDA St . Iuc iA u- ~ COUNTY Of I ~ Before me personally appeared fiarl E1xg~ene ~2'I~811 ~ ROb@I'ti8 ri• ~I'I'QZZ _ his wite, to me well known and known fo mt, to b~ !he individuals deiu~bed in and who executed the faegoing instrument, and acknowledged before me that they executed the same fw th~•pwposas ~ rhereio expressed. And the said ~Db@I`~i8 a. p@rI~911 _ ;;;r ~~~fe of ti+e said Earl ~ligene Perrell upon a~aAti and privaf~. examination by me taken separate and apart from her said huaband, aclcnowledged to +nd before me that she executed said instrumeM freely ~nd vol~ ~arily and without •ny compulsion, constraint, apprehens Qn or fear of or ~rom her said husband. _y'~ • - w • ~ WITNE55 my hand and official seal this_ ~~~l day of Janu ~fl. ~9_ ~ . _ ) }a otary Public in snd w t State of F{orid~ af.,~~ ~ = My Comm~ssion ~xpires: F R~f~,~ To: ~-1~ c q.2 r q~t j~ - -r' First fedenl $avi~gi ~ loan Association pE0 1't~; Of Fort P.erce. n~EC~~ F~'~ fort Pierce, fio~~da ED C~~M` S ` F~ `VC~E~ .,qti10.G~~pt : S • AdG L.,, ~V~~ ~~E~~.E'`~~E~ •1l. F ~oF This Instrument Prepared By ,j. D. (~Iagtgi~I 'LZ~ First federal Savings 8~ Loan Association ` - ; of Fort Pierce ~ FlOridB 3~"' ` ~ E n~~~88 ' Checked By~ ' N . BOOK~98 PAGE'~O~ - l~s _ . - ; _ - _