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Home My WebLink About0884 To pl~ce and continuously 4eep on fhe bui!d~n9s now a Ix~ealtK ~ilusq on said land a~d on a11 cqu~p~ne~l snd penonally tove~ed by Ihi~ ma sq~, w;th all premiums thaeon pa:d in full, fire insu~~~c• m ~he wwl sundud polKy lam, i~ a tum app.ovd by ~he MORIGAGEE. +~d w~~+ds~o iniw~ntt in IM usual a~+nd+~d pot~cy lam, in a sum approved by ihe MORiGAGEE, in ~~th ta*+p+ny or to~+pan~af af IM MORIGAGEE m • U~1Kij ~iW ~li Ilii~ ~Iw w~~wiiv: .i .-.~u_~.-.;o ' Lf F_'e.' ~ -s ~i~ ?r:lr~sf l~sey! L: L~~ t~YM~, ~ IEM! !~3~!~!n~t! 4uT i~OffN1d i~ excess ~hcreoi. ihall conrain ~M usual ~unda~d ma~ga~e~ daus~ w iuch othe~ dause u ~M Mo~tyay~e may reqva~. ma?inp tha los~ unde. ~md po ues, e~cb and every. parab!e ~o said MORIGAGEE af ~ti imere~t may appea~. +nd each and wery such pof~cy ~hall be prompi~y ~u gned ~~d detivered ~ sny held by sa~d MORIGAGEE as (ur~ha~ ~ecu~ity to said matgage deb~, snd, no~ ~eu than ~en (10) deys in adva~ce ol ~he e~cpirat~on of each policy, to d~ livet to sa~d MORTGAGEE a renewal Ihereol, lope~het wi~h a rece~pt 10~ the premium oi such renewal: and ther~ shatl be ta i~re or windstorm inwranc placed on ~ny of sa~d build~ngs, any imere~t there~n a part ?herecf, untess in the fo~m ~nd with the loss payable as afweiaid; and in ~ht evenl any su~ ; of rraney becane~ payable unde~ such policy w policies said MORTGAGEE ihall Mve tM opt~on to receive and appty 1he same o~ accovnt of ~he indrbted ness secured hereby or ro pe~m~t said MORTGAGORS to teceivs and use it w sny part thereof lor oa,cr µwF•osrs, v.~~hout ~h~~r ui wa~~i:~g o. ~mpoi~ ing any equity, lien w right unde~ a by virtue of this mo:sgage; ~nd in the event ssid MORTGAGORS shall iw any reason fail fo keep the said p~emises so insured, w fsil to deliver promptly any of said policies o( in~urencs to s+id MORTGAGEE, o~ fail promp~ly ~o pay futly any premium therefw a in any ~espett fail lo pe~(wm, discharge, execute, affed, tomplete, comply with aod ab~de by this covenant, w ~ny part hareof, sa~d MORTGAGEE may place a~+d pay (o~ such insurance w+ny pa~t ~hereof without waiving or affecting ~ny optias, lien, equ~ty, or right undN or by virtue of this Monga~e, and ihe ~ full arnount oi eath a~d every such paymeM shall be immediately due and payable and sAall bear interest from ths date thereof until paid at the rate ol nine per centum pea an~um and together with such inte+est shall be secured by the lien of this matgage. 1. To permit, commit or suffer no waste, impairment w detcriwation of said property w any part thereof, 5. To pay all and singular the costs, charges and expenses, inclvding s reaso~able attwney i fee and costs of abstracts of title, inc~rred w paid at any time by sald MORTGAG:E, because or in the event of the failure on the pan of the said MORTGAGOR to duly, promptly and fully pe~form, d~scharge. execute, effecl, comp~ete, comply with and ab:de by each and every Ihe atipulauons, agreements, conditions, and mvenants oi said promissory note and this mortgage any or ei~he~, and sa~d coan, cha~ges snd expenses, each and every, shall be immediately due and payable; whether w not there tse no:ice dr mand, attempt to colled or suit pend~ng; and the full amount of each and ere?y such payment shall bea. interest irom Ihe date fFx~eof until paid at the r~re of nine per centum par anuum; and all said costs, charges and expenses inturred o~ paid, logether w~th such interest, shall be seturtd by the tien of this mwtgsge. 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, o? (b) in the event any of sa7d sums of money E herein refer~ed to be not promptly and fully paid within thirty (30) days ~ext after 1he sanx severally become due and payable, without dema~d w notice, t or (c) in the event each and every the st~pulations, agreements, cond~tions and covena~ts of sa~d promissory ~ote and th~s mortgage any w either are not ~uly, promptly and fully performed, d~scharged, executed, effected, completed, complied wifh and abided by, then in either o? any such eveM the said ag- gregate sum rr~ntioned in sa;d promissory note then remaining unpaid, with interest accrued, and aIl moneys secured hereby, shall betome due anc: pay- able forthwith, w thereaf~er, at the optia? of said MORTGAGEE, as fully and comp~etely as if all of the said sums of money were o?ginally stipulated to be pald on such day, anything in sa:d promisswy note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafte~ at the option of said MORTGAGEE, without notice or demartJ, suit at law or in equity, therefore w thereaiter begun, may be prosecuted as if all nwneys secured hereby hzd maturcd pr~or to its institution. - 7. That in the event that at the beginning of p at any time pending any suit upon this Mortgage, or to foreclose it, or to ?efwm ii, or to enforce payment of a~y claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof lor the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mwtgaged property all and singular, incl~d~ng all and singular the ir:come, profits, issues and rtvenues from whatever source derived, eath and every of which, it being expreuly understood, is hereby mortgaged as if speciiicatly set iorth and destribed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by s Court to a Receiver, and s~ch appc~intment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the adequaq w inadequacy of the value of the prope~ty rtwrtgaged or to the solvency or insolvency oi said MORiGAGOR a the defendants, and that such renrs, profits, incane, issues and revenues shall be appiied by such Receiver accord~ng to the lien a equity of said MORTGAGfE and the practice of such ' CouA. i 8. To duly, promptly and fully perform, dizcharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said {xomissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGFE, its successors and assgns, may, without notice_ to the MORiGAOR, deal with such succeuor w successw in interest with reference to this mortgage and the debt hereby secured in the wme manner as with Nbrtgagor without in any way vitiating or d~uharging the Mwtgagors' liability here- under or upon the debt hereby secured. No safe of the Fremixs hereby mortgaged and no forbearance on the part of the ?AORiGAGEE w its successo~s ass+gns and no cxttnsion at thc '.ime far th~: payment a4 the deht herehy secured given by tht NORIGAGEE ar its svctessors o? assegns, ahall ope~ate to release, d~scharge, mod~fy change or affect the orig~nal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligaYwn hereunder or of the oblgaYan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secu~ed herby. ' 11. In add~tio~ to the foregolx3 monthly paymants of princ'pal and interest requ~red by the prom~ssory ~o!e secured hereby, mortgagor covenants and agrces ro pay to mo-tgagee with each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1 j 12 of the annual tost of the follow- in3: A-All real Froperty taxrs levied w assessed against the above dewibed real estate. i _ _ " . - . . . . _ _ ~ • . • .L_ _L_"'_ J__.'"l_J .ry w vc ~o...c.. D-ffCti11U1i1S (!f~ IItC OI~V W111U71V~~1~ ~~~iUtO~:tC Oi ~~C~C'~~~ vi~N . ~ . ~ - ^-_-~-Y C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on the ban secured hereby. 'i Mortgaqee shaSl from time to time nodfy mortgagor in writing of the amount due and payable hereundx and such sum shall thereupon be due and ~ ~:ayable on thr due oate of the next month:y payment and each successive month thereaft.r ur.til mwtgagee shall notify mortgagar of a change in such i a~,~ount. .Such sums shall be applied by mortgagee foward the payment of real property taxes, insurance prem:ums, and morigage guaranty insurance E premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. Signed, Sealed and,.~el~•vere'd in' the presence of: ~ ~J!l.t..a ~/~X.e.~d? ~~~h f4[L/L ~1~ ' arry ouis ea er, r. an , (Sea~ ness e en . ea er «a~ STATF OF xl~ocsc Virginia ~L~,ty , u- =EA~1MiT OF ~-~-~Y-~+~-e~•t-L ev seto.e ~~.:o~wuy aP~a?ed Ha rry Louis Meader, .Jr • a~ E Helen 1. • Meader his wife, to me well known and known to me to be 1 the individuals described in and who exewted tF~e foregoing instrument, and acknowledged before me that they executed the same fw the purposes + Helen L. i•iead~r rherein exprased. And the said w~fe of the said Harry Louis IK@aClel~ .lr. _ _ upon a separate and private examination by me taken separate and apart from her wid husband, atkrawledged to and befwe me tFwt she exetuted ssid instrument freely and vol~o- rariiy and without any compulsion, constraint, apprehens~on, w fear of w from her said husband. WITNESS my hand and official seal thi~ 5 L~- day of April A. D. 19 72 ~ ary Public ' - My Commisseon expires: Return To: ~ ~ ~~O - ~ - ~ , First Federal Savings 3 Loan Association ' , . Of fort P~erce. " Fort Pierce, florida • : ~ , FiIED AND RECORQEO~ . ~ - - aT.lUC1E COUMTY FIA. ~ ' ROCER PO tTRAS ~ = • _ CIERK CIRCUtT COURT _ ~ ; ' , • . : ~ This Instrument Prepared By Richa rd K. Kaye~ECORD YERtFfEO _ ' : ; ~ First Federal Savings 8~ Loan Association ~ 11 ~2 26 PM ~ r~`' +~j ` of Fort Pierce , Florida ~ - Checked By ~~''~'Y;:'~t:~~~;'. ' . . $80K~ ~ ~ ~ { - ,~.1 l t- - . ~ - - _ - - - ~ ~ _ P; - ~~-~~y~~- - _