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Home My WebLink About1696 t , 3. To place and continuousiy keep on the bui'd~r~gs now or he~eef~ar ~~wete o~ sa~d tand and on aC cquipmrnt and pe~sonally covercd by this ma ege, wi~h all premiv~ns thereon pa~d in lult, fue i~~s~rance ~n the usual srendard po~~cy form, in a sum aHp~oved by the MOR~GAGEE, and w~ndsto :nsurance in the usual sfandard pol.cy form, in a wm appro~rd by the h10RTGAGEE, in tuch company or companies as the MORTGAGEE m d~reU; and all iire and w+ndsrorm insurance polrc~es on any of s3~d buiid~ngs, any interest thcrein or part thereof, in ~he eggre9ate sum afaesaid in extess the~eof, shall contain the usual sta:~da~d morigagee tiause or such other ttause as Iht Mort.~agee may ~equue, making the ioss under ta~d po c~es, each and every, payabte ro sald MORTGAGEE as ~ts uitcrasl may appear, and each and every svch po!rcy shail be promptty ass gned and dativered ~ eny held by said h10RTGAGEE as fur~hzr aewrity to said n.ortgage debt, and, not less than ten (10? days in ad+.~oce o( the eapiration of each policy, to d. Iwer to said MORTGAGEE a renewal thereof, loge~har with a race~p~ for the preir.ium of s~ch renewal; a~~d ihere ihall be no f,re or winditorm insuranc placed on any of said buitd~ngs, any interest there;n w pan thereof, un,rss in the to~m and w~th the loss payable as aforeaaid; and in the evenf any sun of money becomes payable undrr such policy or policies said A10RTGAGEE shall have ~he opi~on to recaive and app!y the same on account oi the indebted ness sec~red hereby or to permif sa~d MORTGAGORS to teceive and use it or any part theteof for o:~~rr purE~osrs, v.~tho~t Ih_r~ ui wai~in3 or ~n,pair ~ng any equ~ty, I~en or rtght undrr a by virwe of rhfs mc:~gage; and in ~he evem sa;d MORTGAGORS shall fw any reason fail to keep ~he ia~d premiirs so ~nsured, o? fail to deliver pranpNy any of said poLcies ol in~u~ance to Sa~d MORiGAGEE, w fai! p~omptly to pay fully any premium therefw or in a~y respect tail to pe~form, d~scharge, execvte, effect, ca~~p~eta, comply with and ab~de by ~h~s covenaN, or any part hrreot, said MORTGAGEE may place and pay for wch insurance or any parl thereof wnhout waiving o~ affacti~g any option, lien, equ~ty, or r~~ht under w by virtue of this Mo~tgage, and the f~ll amount of each and every such payment shall be iminediately due and payabte a~d shail brar intrrest from th~ date thereoF until p~~d a~ the rate o1 n;~l@ PQf ~@fltuT per annum and ~o~ethw w~rh sud~ inte~es~ s~aU be srcwed by the Len of this mortgage. ~ 4. To permit, cOmmii or suffet no waste, impairrtient or deterioration of aa~d property or any part thereof. 5. To pay all and singufar the costs, charges and expe~~ses, including a reasonabte attorney's Fee and cos~s of abstratts of title, incurred or paid at any time by said MORTGAG:E, becavse or in the event of the fa~lure on the pan of the said MORTGAGOR fo duly, promptly and fu11y pe~form, d~scharge. ~xecute, eifect, comptete, comply w~th and ab:de by each and every the stipulahons, ag~eemrnts, to~diuons, and covenants of said promissory note and this ~,o~tgage any or eiiher, and sa:d costs, charges ar.d e:prnses, each and every, shali be immed~ately due and payable; whether or no~ the~e be notice dr r:~and, attempf to to:~ecf or s~i? pend~ng; and !he full a~nount of each and every s~;h payment shaft bea~ interest from the date the~eof until paid a1 the re o~ nine per crnwm per an~w:n; an~ all said costs, charges and expenses irxurred or paid, together w~tFi such ~nterest, shall be setured by Ihe tien of thia mortgage. 6. That (a) in the evenf of any breach of this Mortgage or default on tF~ part of the MORTGAGOR, cr (b) in the eveN any of sald sums oP money herein ~eferred to be nos pranptly a~d fully paid w~thin th,rty (30S deys nex~ a!rcr the sa~ne seve~a'ly become due and payable, without demand o~ notice, or (c) in t:x event each and every the st~p~(anons, agreements, condit~ons and co~enanrs ol sa:d prom~ssory no~e and th~s mortgage any or etther are ool i~~!y, promptly and fuily performed, d'scharged, executed, effec~ed, canpleted, complied w~th and abided 5y, then in either w arty such evem Ihe said ag gregate sum mentioned in said promissory nore thrn remaining unpa~d, wirh interest accr~ed, and alt moneys secured hereby, shall become due and pay- ab~e forthwith, or thereafter, at the opt~on ot said MiJRTGAGEE, as fully a~.d complefely as if afl of tl.e sa~d sums of mo~ey were wiginally st~pulated to be pa~d on such day, anything in sa.d p~o:n~ssory note or i~ this hlortgage to the connary notrv;thstanding; and thereupon or thereaite~ a~ the opt~on of s.~~d MORTGAGEE, without norice or demand, suit at la.v o~ in eqwty, tF.erefore or thereaf~er begun, may be prosecuted as if all mwieys setured hereby r,;d matured pnor to As institut~on. 7. That in the event that a! the begin~ing of or at any ti~ne prnding any su~t upon this Mortgage, a to fweclose it, w fo reform it; or fo enforce payment of any claims hereunder, said MORTGAGEE shai~ apply ro the Cou~t hav~ng rynsd;ct~on thcreof for the appo]Nment of s Receiver, such Court shall farrhwith appoint a recei~er of said mortgagcd p+opcrty all and singula~, includ,ng at} a~~d singv~ar the ir.come, prof~ts, issues and revenues from wha~ever s, ~rce derived, each and every of wh~ch, it bemg expressly unders~ood, is her<by mortgaged as if spec:(ically set forth and dexribed in the granting snd h3bendum clauses hereof, and svch Rece~ver shail have all ihe broad and effect~~e funct.ons and powers in anywise entrusted by a Court to s Receiver, and s_:h appointment shall be made by such Court as an ad:nitrrd eq~ity and a matrer of absolute rigM to said MORTGAGEE; and withoul relerence to the aci~~quocy or inadequaty of the vaiue of the property mortgaged or to the so~vency or insolvcnty of said MORTGAGOR or the defendaniS, and Ihal such re~rs, profits, inco~ne, issues and revenues shafl be appiied by such Recerver accord~ng to the lien or equity of said MORTGAGEE and ihe pradite of such Court. 8. To duly, promptly and fully perform, discharge, execvte, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory note and this mortgage set lorth. 9. That in the event the ownership of the mortgaged pren,~ses, or any part thereof, becomes vested in a pe~son ether than the MORTGAGOR, the :'ORTGAGEE, its s~ccessors and asslgns, may, without norice ro ~he A10RTGAOR, deal with such successor or successw in iNerest with reference to this n,o~tgage and the debt hereby sx~red in the same manner as wish A'lortgagor with~ut in any way vitSating or discha~ging the l~lortgagori liability here- ~eder w upon the debt hereby secured. No sale of the prem~ses hereby nwrtgaged and no iorbearance on the part of ~he MORTGAGEE or its successon c~ ass~gns and no eatens:on oF the time for the payment of the debt h~reby sec~~ed given by the MOR?GAGEE or its s~ccessors or au~gns, si~all operate to reiease, d~scharge, modify change or affect the o~~g~nai liab:i~ty of the MORTGAGOR herein, either in whole or in pa~t. 10. It is speuficafly agreed that time is o( the essen~e of th~s contract and that no waiver of any obligat~on hereunder or of the obligatan se- c~red hereby shaii at any time thereaFter be he:d to be a waiver of the terms hereof o~ of the instrumeN sewred herby. l l. In add;t:o~ to the forego'ng month?y payn~~nts of princ pal and inrerest required by the prom ssory no!e sec~red hereby, mortgagar eovenanis ~~d agrees to pay to mo:tgagee with each monthfy pay:. ent an add~ricna! sum es:.:::ated by mo:tgagee to be equal to 1; 12 of the annual cost of the follow- { : I ~ ~ A-All real propcrty tax:s lev~ed or assesseti d~3i'151 tnr above dasc.~bed r,al estate. i B-Premi~ms on fi~e and winds~orm inwrar,ce Ss here~n requ~red to be carrird on the ~mprovemeits situate on the above dsscribed premises. E C-Prem~ums on wch mortgage guaranty ir.sura~,ce as mortgagee sha{1 fro~r. t:me to time deem fit to carry on the loan secured hereby_ ' Mortgagee sha?I from time to time notify mortgagor ~n writmg of ihe an,ovnt due and payable hereundrr and svch sum shall thereupon be due and E a,able on th~ due date of ~he next month: a ment and each successive mo~~h ihereaher ur.til mort a ee shall not~f mort 3 or of a cha ~ 1 P i 9 8 Y 9 9 ~ge in such : o~nt. Such sums sFail be app!ied by mortgagAe toward the payment of real properry taxes, insurante prem:~ms, aod mottgage guaranty insurance : ~ •emivms. s IN Y1ITNESS WMEREOF, the said MORTGAGOR has hereunto set his har.d and snal the day and year first afwesaid_ h , Signed, Sealed and delivered in th 'presence oi:. ~ : \ ~ _ . xan ; , Tom Ec1ward J e s - - . (Sest) ~ ~ C. (Sesl) ~ Bett Elaine nes xan 's x ~ SiA7E OF FLORIDA 1 ~OUNTY OF $t • L.t1Cl.@ ; SS. ~ Before me peno~ally appeared TOQI Edwar .JOl1QS a~ ; ~ ~ ~ Bettv Elaine Jones his wife, to me well known and known to me to be f ~ r~e individuals described i~ and who executed the foregoing instrument, and acknowledged before me that they eaecuted the same fw the pvrposes i :3 ~herein exp?essed. And the said Betty, Elaine Jones ;n r~:fe of the said TO[G Edward Janes upon a ~~Q}ra~.i~fd prlvat~ c.am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted uid instrumeM; i~s~1y..~-voll~ 'ar~iy and without any compulsio~, constraint, apprehension, or fear of or from her saed husband. ti WiTNESS my hand an~ official seal this day of rCh ' D. 1~-~j~' _ ~ _ . _ , ~ - - Notary Public in and for he ate of ~torid~ ~f'tar~. ~ My Commission expires: Raturn To: , • ~ ~ r,~~2T~RY ^~e;~. eTr ~ ..r.~nr{ AT ~AR~'.~..',. , ~ . . First Federal Savings a loan Associa*~on r- i~- ~ Of Fort P;erce. ~'~'i _ . ~ . . . ^•!'~s _F - Fort Pierce, Fiorid3 , s' ~ : 3-~ ~ - Fn~° ~-°cou~ ~u. ~ sT.~uc ~ This Instrument Prepared By John W. Collins ROGEA ~O1T'~t~5 First Federal Savings & Loan Association 6LERX Ct+.Ctl~T COURT C 'F" of Fort Pierce ~ Flor ida RECORr YFk+FIED~ Checked By ~ _ ~ ~ l Z6 NIl ~ 1 Z = 225'7S0 4a ~~~jy~~a - OVl'11i'~l1/V ~~11C~~ .-1 ~ ~1 : ' r~.: . . . . . . . _ ~ . . . . _ - ~ - - ' - - . . ' - ~ ~ _ . , w._. ~ _ . ~ - . . ~~frs