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Home My WebLink About1578 I ~ . . . 3. To ptace and continuously keep on the bu~:d~ngs now w hereafear ~ituata on sa~d I~~d and on ai! eq~ipment and peisona~~y covered by ~F.~s mor ags, w~~h ali prem~ums ~hercon pa~d ~n lu~~, hre ins~rance ~n ihe usual s~anda~d pol~cy Eorm, m a sum ayp+o.ed bv ~hz MOR:G~GEe, snd w~~lduo ~n~ursnce in ~fie usual srandard po~.ty (am, in a sum approved by the MORTGAGEE, in •uch company u car•p+n~es ~s th~ htORTGAGEE d~.eu; +nd ~II fire and w~ndstorm insurance po~K~e~ on any of •a~d build~ngs, any inreres~ the~ein w pa?t ~hereof, in ~he agg~ega~e sum atoresa~d in excess thereof, ~hall contain fhe usual srondard mo~~gagee claute w iuch o~he~ c!auss as the Mo~tgagee may requ~re, ma~infl ~he ioss unde~ ao d po ues, each ~nd every, payabte to said MORTGAGEE af ~tf interett may appea?, and each and every s~ch poGCy fh~ll be promptly ass 9~ed and dr:~vered ~ eny held by sa~d MORiGAGEE at (u~the~ security ro seid morty~ge debt, and, not leu than len (10) days in adrance o( the exp~rat~o~ of each pol~cy, ro d. I;ver lo said MORTGAGEE a renewal ~hereof, to~ethe~ with a receipt fw Ihe premium of such renewal; and there ihall be no Gre or winduonn inswenc placed on •ny of sa~d build~~gs. ~~y intcres~ there~n a par~ the.eof, untess in •he form arx! w~fh the ~os~ payable a~ afo~esa~d; and ~n tF.e e.ent any sun of money becomes payab~e under such policy w pol~cies said MORTGAG:E shall have ihe opnon to .ece~~e and apply the san,e on account oi ihe i~.droi~d ness secured her~by or ro pe~mit said MORTGAGORS to receive and use it p any part thereo4 for orner purposes. ~~+~~~o~t thr.:~; ~v~~~~ ~7 ~^~p~~* Ing any equ~ty, lien or righ~ unde~ or by virtw of this moce9age; and in the evcn~ ia~d MORTGAGORS shafl for any reason fail to keep ihe sa~d p.e~n~szs so ms~red, or (ail to de~iver promptly any of said policies of insurance to ?aid MORIGAGEE, a fai{ promprly to pay fulty any pre~~~~um therefor or in a~y respect fiil to perform, d;scharge, execufe, eflecl, comp~ete, comply with eod ab~de by this tove~ant, or any part he~eof, sa~d MIURIGaGEE may p~ace a~o pey fa such insurance or any part thereof w~ihout waiving w alfectinp any op~~on, lien, equ~ty, w r~ghf unde• a by v~rtue of ~hts h~origage. and ~he f~ll amount of each and e~Y~y •uch payment shall be immediately due and p~yable and shail bear interest from the date thcreof u~~+~l po~d at the rate ol n~ne per cenWm per annum and to~ether with iuch interest shali be secu~ed by the lien of this mottyage. 1. To permit, tommit w suffe? no wasta, impairment w deterioratio~ of said property or any pa~t thereof. 5. To pay all and sinyulu tF+e costs, charges and expenses, includiny a reasonablc atfo~ney's (ce and co~ts of abst~acts of title, incurred w pa~d ai ~ eny time by said MORTGAGEE, because o~ in the eveM of the fa~lure on the part of the sard MORTGAGOR to duly, prompNy and fvlty pe~form, d~scharge ` ~xecute, effeu, complete, compfy wrth and ab:de by each and every ~he stipu~anons, agreements, co~diUon~, and covenanrs of sa~d pro:*+~sso~y note ar.d ~h;s ,rortgage any or either, and sa~d costs, chargea and expenses, each and every, shall be immed~ately due and payable; wherher or not there be no~~ce d= mand, attempt ro colled or suit pend~ng; and the full amovnt of each and e~ery such payment shall bea. interes~ from the date thereof until pa~d at the r,,~e oi n;ne per centum per an~~u:n; a~x.' all said cosis, charges and expenses ~ncurred or paid, together w~th such interest, shall be secu~ed by the lien of th~s mort~,ye. b. fl+at (s) in the event of any breach of this Mortgage w defauit on the part oi the MORTGAGQR, a(b) in the eve~t any of sa:d sums of money herein referred to be not promptly and fully paid within th~rty (30) days neat aiter the same severally become due and payable, withou~ demand or nor~ce. or (c) in the event each and every Ihe stipulations, agreements, cond~sio~s and coven~nts of sa:d p~omissosy note and th~s mortgage any p e~tFxr are naf i~ly, piomp~ly and fully perfo+med, d,xharged, executed, eflected, completed, compGed wi~h and ab~ded 5y, then in el~her or any such event Ihe sa~d ag gregate ~um me~rioned in said promissory note then remain~ng unpaid, with imerest accr~ed, and a11 moneys setured he~eby, shall become due and pay- ab,e forthwith, or thereafter, at the opt~on of said MORiGAGEE, as Fu1Ry and completety as if all of the u~d s~ms of money we~e o~~g~~ally sr~pulated to be pa~d on such day, aoything in aa:d prom~ssory note or in this Mortqage to Ihe conr~ary ~o~rvithstanding; and thereupon or thereafter at the opuon of sa.d MORTGAGEE, without notice or demand, suit at law or in equ~ty, therefore or Ihereafier begun, may be prosecuted as if all moneys secured hereby r.,d matured pr~w to ~ts institunon. That in tF~e event that at the begin~ing of w at any time pending any su~t upon this Mortgage, o~ to foreclose if, w to reform it, or to enforce payment oF any claims he~eunder, sa~d MORTGAGEE shall apply to the Co~rt having ~u~~sdct~on thereof Ib? fhe eppomtment of a Rete'rvcr, such Court sha~l i~rthwith sppoint a receiver of said mwtgaged property all and singular, incl~d~ng alf and a~ngular tFM in~Oms, ptoi~h, iuues and reve~ue3 from whatever s~~rce derived, each and every of wh~ch, i~ being expressly understood, is hereby mor~gaged ~s if ~pec~f~cally xt fwth and dew~bed in the gran~ing ar.d na:~ndum dauses hereaf, and s~ch Rcceiver shall have ali the broad and effecr~ve f~nu,ons and pe~nen in anyw~se entr~sted by • Cour~ to a Recewer, and s_:h appointment shall be made by svch C~urt as an admitted equity and a ma~rer of absolu~e nght to said MORTGAGEE, and wishout reference to the adeq~acy o~ inadeq~acy of the value of the property mortgaged or to the so~vency or fnsolvency of sa~d MORiGAGOR u the defendants, and that such re~+s, p~ofih, incane, issues and rovenues shall be applied by such Rece~ver accord~~ig to the lien or equity of said MORiGAGEE and ihe praU~ce of wch l.0 V f~. 8. To duly, promptly and fully perform, discharge, exec~te, effect, complete, comply w~th and abide by each a~d every the stipulations, agreements, :ond~tions and covenants ~n sa~d promisswy note and th~s mortgage set forth. 9. That in the event the ownersh~p of the mortgayed prem~ses, or any pa~t thereof, becomes vested in a pefw~ other than the MORTGAGOR, the :'~RTGAGEE, its successws and assigns, may, wirhout nof~ce to the MORTGAOR, deal w~th svch successw or svccessor ~n interest with reference to th~s R~o•i9age and the debt hereby secured in the same manner as w~th Mortgago. without ~n aoy way vitiating or d~scha~ging the Morrgagori liab~l~ty here- ~;.der or upon the debt hereby aecu~ed. No sale o( ihe Frem~ses hereby mo~tgaged ard no forbearance on the part of ~he MORTGAGEE or irs svccessors o~ aas~gns and no eatensien of the time for the payment of the debt hereby sec~red given by the MORTGAGEE or its succe:sors w ass~gns, aliall ope~ate ~o rNease, d~uharge, modify change w affect the orig~nal liao,l~ty of ~he MORTGAGOR herein, eithe~ in whole or in part, )0. It is spec~fically agreed that time is of the easence of this contract and that no waive? of any obli9ae~on hereunder or of the obtigation se- j cured hereby shsll at any time therea4ter be hetd to be a waiver of the terms hereof or of the instrumeM secured herby. I l. In add.t;on to the fwego":x~ mon+h!y payments of princ pal and inrerest reqv'ued by the prom~ssory no`e secured hereb~, mortgagor covenants d agrees to pay to mo:tgagee v~ith each monthiy payr.:ent an add~rio~ial sum est~:~,ated by mortgagee to be eqval to 1; 12 of the ennual cost of the foliow- ~ ~ A-Alt real property taaes iev~ed or assessed agai~st thc above described real esfate. ~f B-Prert:~ums o~ fire a~d windsrorm insura:.:r as here~n reqv~red to be carried on the im;,roveme~ts s~~vate on the above described premises. f C-Premivms on svch mortgage g~aranty ir.surar.ce as mo+tgagee sha11 from t~me ro t~~ne deem fit to carcy on the loan sec~red hereby. # ~ Mortgagee shd!1 from ~~me to tlme notify mortyagor in wnt~ng of tne amou~t d~e and payable hereurtdrr and such su~n sha31 therevpon be due and t : j~able on the due date of ~he next month:y payment and each successive month fhereaft~r untit mengagee shall noe;fy mo~t~agor oS a change in such ~ ,-o~nt. Such sums sFall be appiied by mortgagee toward ihe paymenf of teal property ta:es, insuranCe prem.ums, d~~d mwtgage guardnty insurence 5 cremiums. a IN WITNESS ~VHEREOF, the uid MORTGAGOR has hereunto set his hand and seal the day and year fi?~t afwesaid. g i ned, Sealed and d' er in the p~esente of: Y-~/~•/L ~ !Seal) ~ R. Rich son t~,n ~ ~ n ~ - Y A~/?t.a.o ti ~ 0~.~ ~'vt , {Seap y _ _ Doris A. Richardson ~~a,~ ~ ~ SiATE OF Florida ~ ~1C ~@ ~ ~ : ou~vrr oF St . _ ~ Befwe me penonally appeared W R. Riehardson and ~ Doris A. Riehardson his wife, to me well krawn and known to me to bs the individwls desu~bed in •nd wta executed the fweyoiny instrument, and acknowled9ed before me that they executed the same fw the purposes ~ Richardaon thrrein exp+esxd. And fhe said Doris A• _ r~:fe of the said W. R. %ehardson vpon a s~parah arKl privab - e.am~nat;on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument hetly ~o~un- . ran~y and w~thout any compuision, constraint, ap~rohens:on, w fear of or from F~er uid husband. 72 ~ WITNESS my hand and offic;al seal this___ 8~~1 day o1 •A. D. 19 Not ry Public in and a t Stat~ d.Fiorida ~t lar~e My Comm~saion expires: Ng~h 'j~' }~TS' Rewm To: • . - Firti federal Savings 6 loan Atsxiat~on :~i Of Fort P.erte. - Fort P:erce, Florida f~l~~ : ~ ~ ~ '~RJED St L'J; ' .•:~1Tr FLA. C, tf ' • ' . ^:~:i.; RT o- • - - Th~s Instrument Prepared By J. D. Chastain _ First Federal Savings b Loan A~sociation 1 E8 y jL 44 PH ~7~ = of Fort Pierce ~ r lorida '=:3 ~hecked BY ~ _ _ j 8ooK199 PACE1577 ~ l~g , - - - . _ - . yj ; _ _ _