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Home My WebLink About1955 t - 3. To place and continuoualy keep on the bui'd~r.gs noH o~ herrafier ~ituatc on se~d ~and and on all eGu~p~nent and pe~sonatly covered by ~h~s md sge, w~th ali premiums thereon prd ;n full, f~re ~+~SU~OnCC ~n ihe ~s;,at standerd poi~ty fo~m, in a s~m appro~ed by ihr MUR~GAGEE, a~~d w~~~ds~o insurance in the usual standa•d pollcy fo~m, in s sum appro~rd by ihe MORTGAGfE, in such company or compan~es as ~he AtORTGAGEE m dnech and all fi~e and w+ndi~orm fnsurance poi~c~ea on any of sa~d bu~id:ngs, ~ny ineeres~ There~n or pa~t thereof, ~n the aggrega~e i~m aforesa~d in excess thereo(, shatl :ontain the usval star.dard mo~~gagre cla~se or such o~he~ da~se as Ihe Mwtgagee may requ.re, ma\ing !he 1o~s u~~drr s.+~d po des, each and every, payab!e to sa~d A10RTGAGEE as ~ts in~~rrst may appear, and each and every such po~~cy shail be prompUy ass gned a~~d dz:~Yered ~ +ny held by said MORiGAGEE as further secur~ry to said morrgage dabt. and, oot less than te~ U01 days in ad~ance of the exp~rat~on oi each po:~cy, ro d. I~ver to sa3d MORTGAGEE a renewal thereof, toge~her with a rece~pt fo~ ~he p+em~um oi such renewa~; and ~hrre shall be no 1,re o~ wir.aa~e~m insuranc placed on a~y of said buildings, any interest there;n or pa~t ~hrreof, un!zss in the fo~m and w;th the loas payab!e as aforesaid; and in the event any su~ of money b«a++es payable under svch poliq or poGcies said MORTGAGEE shall have ~he op~~on ro rece~ve a~~d app,y the same on account of the i~~dron:d ness secu~ed hereby w to permit said MORTGAGOR$ to receive and use it d any part the:eof for ooi~cr p~r,~ses, .•::+ho~t th,•~ur ~+~~•~•3 ~•~~pu~• ing any equity, lie~ or right under or by virtue of this mor'gage; a~d in the event sa:d M0~2TGAGORS shall 4or any reaso~ fa~l to krep ~he sa~d pre~n~s<~s so insured, or fail to deliver promptly any of sa~d poGc~es of ~nsurance to said A10RTGAGEE, o~ fail promptly to pay fwty any pre~~u„m therzfor a in a~y resprcr fail to perform, d~scharge, e:ecute, e~Fect, canp~ete, canply wirh and ab~de by th~s covrnane, or any p.~rt ~rreoi, sa~d MvRT;~AGEE may p~oce a~a pay fw such insurance w any part thereof w~thou~ waiv~ng or affecting a~y opt~on, lien, equ~ty, or r~gh~ under w by vlrtue of ~h~s Mafgage, a~d ~he full amoun~ of each and every such payme~t shall be ~mmed~ately due and payable and shail bear interest from tha date thereof until pa~d at ~he ra~e ol n~ne per centum per annum and to~ether vvi~h svch inte:esr sna~i be src~red by tix lien of this mortgage. To permit, commit w suffer no waste, impairment w deterioration of said property or any part thereof. S. To pay all snd singulsr the costs, charges and expenses, ~nciud~ng a rea:onable ai+wney's fee and costs of abstracts of tirle, incur~ed o. pa~d a~ any time by sa~d MORTGAGfE, because a in tF+e eveM of the faJure on ttx pan of tAe said MORTGAGOR ~o d~ty, p~aTptly and fu~~y perforrr., d~x~arge execute, effect, complete, comply w~th and ab:de by each and every the stip~lat:ons, agreen,ents, condiGor.s, and cove~ants of sa~d pro-n~ssory note and rh~s mortgage any W ~ifher, and sa~d costs, charges and eapenses, each ar,d every, shall be immed~ately due and payabte; wherher a nat thrre be nor~ce d; mand, attempt to coliett or suit pending; and the full amount of each and t~ery such paymznt shall bea. interest from Ihe date thereof until paid at the raie o~ nine pe? crntum per annu~~; anC a~l said costs, charges and eacrznses irxurred or paid, ~ogethe? w~th such interest, shall be secured by ~he Gen of tha mwt~~ge. b. That (a) in the event of any breach of th~a Mortgage or default on the part of the MORTGAGOR, or ~b) in the event any of sa:d sums of money herein referred to be not prompHy and fully paid wirh~n th~rry ~30i days next a'rter fhe same savera'ty become due and payab!e, without demand or natice, or (c) in the event each and every Ihe stipu:arions, agreements. cond;f~ons and covenants of sa d promissory note and th~s mortgage any o~ etther are na ~uly, promptly and fu11y performed, d:uharged, executed, effected, completed, cwnpi;ed with and ab~d>d 5y, then in e~tFxr w s~y such eveM the sa~d ag- gregate sum mentioned in said promissory note then rema~ning unpa~d, with interesi accrued, and au moneys secured hereby, shall become due and pay- ab:e forthw~th, or thereafter, at the opr~on of sa~d MORTGAGEE, as fu~~y a~d comple~e~y as if a~l of the sa+d s~ms of money were w~g~na:ly se,pu:ared to be pa~d on such day, anything in sa:d prom~ssory note or in ~his Mortgage to the con~rary notwirhstandi~~g; and there~pon or thereafter at rhe op+~on of said MORTGAGEE, without notice or demand, suit at !aw w in eqwty, therefo~e w thereaf~e~ begun, may be prosecuted as if all moneys secured hereby ncd matured p~~w to ~ts instit~Gon. 7. Thaf in the event that at the beginning oi w at any time per+ding any su~t upon th~s Mortgage, or to foreclose it, or to reform ie, or )o ewforce payment of any claims hereunder, said MORTGAGEE sha(I apply to the Court having jur~sd,cnon thereof for the appo~ntment of a Rece~ver, such Co~rt shail forthwith appoint a receive~ of said mortgaged proprrty alI and sin9ular, inct~d:ng a11 and s~ngu~ar the ir.come, prof~ts, iss~es and revenues from whatever so~rce derived, each ar+d every of wh:ch, it being expressly unders~ood, is herQby mo.rgaged as if apeuf:cal<y set fonh and described in the g~a~ting and habendum clauses hereof, and such Receiver shall have all the b~oad and etfecr~ve f~nce.ons and poy.ers in anyw~se entrusted by a Court to a Recaiver, ar.d s~ch appoinrment shalt be made by such Court as an admitted equ~ty and a~naner of abso!ure r;gM to sa:d MORSGAGEE, a~d w~rhout reference to the adrquacy w inadequacy of the va!~e of the property mortgaged or to the se.vency or ;nso:vency ot sa~d MORiGAGOR or the defer.ciant~, aRd rha~ such renrs, profits, incane, issues and revenues shall be appi~ed by such Rece~ver accord~~,g to ~he Gen w eqvity of said MORiGAGEE and the pracnce of wch Court. 8. To d~ly, promptly and fully perfo~m, d~scha~ge, execute, effect, co:nplete, comply w~th and abide by each and every the stipuiatiens, agreeme~ts, conditions and covenanrs in sa~d prom~ssory nore and ~h;s mo~egage ser for~h. 9. That in the event the ownership of the mortgaged premises, or any part thereof, oecomes vested in a person other than the MORTGAGOR, the h'.ORTGAGEE, its successors and ass~gns, may, w~fhout nof:ce !o the MORTGaOR, deai w~th such successor w successar ~n inrerest w~th referer.ce to th]s mo:tgage and the debt hereby secured in the same manner as with lLl~rtgagor without in any way vitiaring a d~scharging the Morsgagori fiab~iity here- unde~ or upon the debt hereby sec~red. No sale of the prem~se3 hcreby rnortgaged and no forbea~ance on the part oi the /JIORTGAGEE or its successors or assigns and no eatension of the time for the payment of the debr h~reby secured g~Yen by ihe NtORTGAGEE or ~ts svccessws or ass~gns, a~iall operare ro release, dnchacge, modify change or afFect the origmal IiaoJrty of the MORiGAGOR he~e~n, either in whole or i~ pan. 10. It is spec~fically agreed that time is of the essence of th~s cbntrsct and that no waiver of any ob~ gat~on hereunder or of the obligation se- c~red hereby shall at any time rhereafter be held ro be a waiver of the terms hereof w of the instrument secu~ed herby. i { 11. In add~tio~ to the forego"ng month!y paym~nfs of princ paI and ~nreresr requ~red by the prom sscry no!e se[ured hereb/, mo:tgj^yot covenants f jnd agrees to pay to mortgagee wnh each monrhiy pay~nent an add,~~on.al sum esr.n,ared by morrgagee to be equal to S 12 of r!,e annual cosr of the fol{ow- ~ ng: , A-All real property taars levied or assessed aga~•~sf the above described real estare. { i B-Pre~ni;;~n5 on fire and windstor~n ensurarce as herein req~:red to be carried en the ~mp~ove~r+e~rs s:t~ate on tha above d>scribed premises. ~ C-Premiums on such mort e uarant ir.wra~:ce as mort a re sha~l fro^~ t me to t~me deem fit to tarr on the loan sec~red hereb ~ 9~9 9 Y 9 4 Y Y• t Mortgagee shall 4rom nme to t~me nonf~ mortyaqor ~n w~;t;ng of the a~r.o;.~~r due and payab~e herrundrr and such w~n shal! thereupon be due and ;..ayabte on the due oate of ~h> next mor.th:y payment ar.d each successive mo~th thereafr_~ ucti{ mcrtgagee shall not;fy mortgagor of a change in such j o~nt. Such sums sF.a:l be appiied by mortgagee towa*d the payment of real property taxes, insura~ce prem:ums, a,id mortgage guaranty insurance ~ ;~-emiums. IN WITNESS WH:REOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Signed, Sealed and detiver in tF~e presence of: ~ ~ an ~ - (Sea!) ~ ~ - (Sral) ~ _ Caroline J. Yor ~~a~~ ~ S7ATE OF FLORIDA 1 ~ CJUNTY OF ~ti. Lt1C~8 ~ SS 1 " Befwe me personally appeared T01R[~ Marvin York a~ ~ CflT'p1~riE J York his wife, to me well known and known to me to be h the individuals described in and who executed the fwegoing instrument, and scknowleclged befwe me that they executed the same for the purposes ~ tnerein expressed. And the sa~d - CA2'OZ1Cle J. Y02'}C ~ k ~ h~fe of the sa~d - _ T~V Marvin York upon s separab a+d priwte e.am~nation by me taken separate and apart from her said hu<_band, ack.w~wledged to snd before rne that she executed said instrum;nt fr~yly. and vOlurr '•n rari~y and without any comp~is~on, constraint, appre eps~q+, or fear of or from her said husband. , ~ ' TO ~ • . WITNESS my hand and offic~al seal thi:___ _ day of a " A. p: 1~~ - . . . ~ ; N ary Dublic in and ts~i.pf FLsrid+~'at liry~ Y` Retum To: My Commission expires: ~ 3 ~ _ 3 - ~ First federal Savings 3 Loan Associat~on • 7~ ' ~ ~ ' ; =1 Of fo+l Rer~e. O` Forl P~erce. F!erida y. t, t11E0 AMO RECOIIQ~~ l = fT~ ~UCIE COUMTr ? OCER PO?TRA3 \ - RECOaD VERRF EO COUItT T This Instrument Prepared By J. H. ~toberts, Jr. ~ z; first Federal Savings & Loan Association ~ I~ Z~6 PM of Fort Pierce , ~1orida Checked BY } - • ~ 1v~fra7 `a:~ 8~~99 P~195~ lS ; - - -