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Home My WebLink About0892 t To place s~d con~inuou~ly ke~p on tla bu~!d~nps now W h~re~I1N N~wa on s~~d la~,d ~nd on ~Ii equipmem ~nd paw~+lly cov~red by thiti ma aq~, wilh a!t p~tmiums lhnew~ p+~d m lutl, iirs intur~nce m ~he wwi standa~d po~~ty lam, in a sum app~or~d by tht MURtGAGEE, and wiodtro inew~~c~ in tM uiwl iundard po6cy (am, in a ium app~ov~d by ~M MORTGAGEE, io such compw+y w comp+n~e~ +s tM MORiGAGEE n~ diretlj Md dl lir~ and windsrorm iniur~nc~ policie~ on e~y of s~id build~~nys, any inle~e~l the~ein w part rh~reof, in th~ a~yreya~~ ~um afOtsNid ~ In ~xceu ~ha~of, fhall con~+in tM usual s~andard ma~g+qee clause a ~uch o~hK clauw ~s IM Mat9a9N rruy requu~. m~k~np the lo~~ u~da sa~d po us~, each and evay. paYabl~ ro Hid MORiGAGEE a~ ~h inrcrest may app~a~. and each and every such poiicy ~Mtl b~ p.ompHy a~s 9~+ed ~nd delrvered ~ ~ny Fwld by said MORiGAGEE as (urthtr security to ~~id a~a~pp~ deb~, and, not les~ ~han ten (10? ds~s in advance o( the expirat~o~ of each pot~cy, to d~ liver to ta~d MORTGAGEE • renowal tMrwf, ~ope~M~ with • rece~pt for the p.emivm ol such renewal; and ~here iMll be no fue or winds~or~n insuranc pl~ad on ~~y of said buildin~s, +ny in~erest therein or pa~~ thereof, unles~ in ~he form and with the Ioss payable as aforesaid; and in ~he event any tun of money becomes payable under iuch policy a po~Kies said MORiGAGEE ihall have ~M op~~o~+ to ~ecrive and apply the same on• accouro o( the indebted ness secured hsreby p ro permil said MORTGAGORS to reteive and use it W any p~rt thereof fo~ c:hc~ purposes, v.~~hou~ th~rcu~ waivi~~9 0~ ~mpair~ irtg any equity, lit~ p ri8ht under w by virtw of this matflage; ~nd in ~hs event said MORiGAGORS shatl for any reason fail fo keep Ihe iaid p~emists ao insured, w fail to de~ivet promptly ~ny of iaid policies of insurante to uid MORiGAGEE, w fail promptly to p~y fuily any pre~n~um therefor w in a~y resped lail Io per(orm, dixhuge, execute, ef(ect, compiets, comply with a~d ~bide by this covenant, or any part hrreof, said MORTGAGEE may place and pay fo~ such insurante w~ny part theteof wi~houl wiivirq or affettinp any opteon, lien, equity, or rigM under or by virtue of this MortgaQe, +~+d ~he full amount of each and every such payment shaU bs imrr~ediately due and payable and thall bear interest from ~he dats thereof v~til paid at the rate ol nine per ce~tum per anr?um and to~ether with such interest shal~ bc secured by the lien of this mortgage. 1. To permit, commit w suffer no waste, imp~~?me~1 w deterioration of said property a any p+rt thereof. 5. To pay all and singulsr the costs, charges snd expe~+ses, including s reasonable attwney i fee and costs of abstracts of title, incwred w p+~d st any time by said MORTGAGfE, because o~ in ~he event of tF~e failure a? the parf of the said MORTGAGOR to dvly, p~omp~ly and futly periam, d~uhugt. execute, effect, complete, tomply with and ab:de by each and every the stipulat~ons, agreements, conditions, and covcnants of said promissory note and thii mortgage any or eilher, and sa~d costs, charges and expenses, each and eve.y, shall be immediatefy due and psyabte; whether o~ oot there be notice d~ mand, attempt to colktt or suit pending; and the full amounf of each and eve~y s~ch payment shall bea~ interes~ f~om the date thereof until psid at the rare of nine per tentum per annum; and all said costs, charges and expenses intur.ed w paid, togethet with such interest, shall bs setured by the lien of this mortgage. . Q Thal (a) in the event of any breach of this Mortgage w defaulr on the part of the MORTGAGOR, or (b) in the event sny of ss:d tums of money herein referred to be not promptly and fully paid within thi~ty (30) days next afte? 1he same severally betome due and payable, without demand or nolice, or (c) in the eveni each and every the stipulations, agreements, condifions and covenants of sa:d promiuory note and th~s mortgage any w either are nof . iuly, promptly and fully perfwmed, dluharged, executed, effected, compkted, compGed with and abided by, fhen in either w any such eveM the ssid ag- gregate sum mentioned in said prom~ssory note then remaining ~npaid, with interest accrued, and all moneyi secured hereby, shall become due and pay able forthwith, or thereafter, at the option of said MORTGAGEE, as fuliy and completely as if all of the said sums of money were wig~ns~~y stipulated to be paid on such day, anything in satd promissory note or in th~s Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of naid MORTGAGEE, without notice w demand, suit at law or in equity, iherefore w thereafter begun, may be prosetuted as if all rtwneys ietured hereby had matured prror fo its institution. 7. That in the event tFwt at the beginning of w at any time pending any suit upon this Mortgage, or to foreclose it, a to reform it, or to enforce payment of any claims hereunder, said MORiGAGEE shall apply. to the Court having jur~sd~aio~ thereof fa the appointment of a Receiver, such Court :hall forrhwith appoint a receiver of wid mortgaged property all and singular, includ~ng all and singular the income, profits, issues and revenues from whaterer source derived, each and every of which, it being expreuly unders~ood, is hereby mortgaged as if spec~fically set fwth and dewibed in the granfing and habendum clauses hereof, and suth Reteiver shall have all the broad and effective funct~ons and powers•+n~anywise entrusted by a Cou~t to a Receive~, and such appointme~t shall be made by s~ch Court as an admitted equity and a matter of absolute right to Said MORTGAGEE, and without reference to the adequscy w inadequacy of the value of the property mwtgaged or to the so~vency or insolvency of said MORiGAGOR or the defenda~ts, a~d Ihat such renrs, profits, incane, iu~es and revenues shall be applied by suth Receiver according to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, execute, effact, complete, comply with and abide by each and evay the stipulatans, agreements, . conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownenhip of the mortgaged premises, or any part thereof, becomes vested in s penon other fhan the MORTGAGOR, the MORT.GAGEE, its succeuors and assigns, may, without nofice to the MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as w~th Mortgagor without in any way vitiating w diuharging the Mortgagors' liability here- under w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no fwbearance o~ the part of the MORiGAGEE or its successors or assgns and no extension of the time for the payment of the deb+ hereby secured given by the MORTGAGEE or its successors w assigns, ahall operate to release, dixharge, modiiy change a affect the original liab~lity of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed that time is of the essence of this contract and tiwl no waiver of any obligation hereunder or of the obligaYan st cured hercby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrumeM secured herby. 11. In add;tio~ to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mwtgagor covenants and agrees to pay to mo: tgagee with each monthly payrneni an add~rional sum est~mated by mortgagee fo be equal W 1% 12 of the annual cost of the follow- ing: • A-AI{ real property tazes levied or assessed agai~st the above described real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the imptoveme~ts situate on the above described premises. C-Ptemiums on such mortgage guaranty ir.surar.ce as mortgagee shap from time to ti~ne deem fit to carry on Ihe ioan secured hereby. i Mortgagee shatl irom time to time notify mortgagor in writing of the amount due and payable t~ereundtr and such sum shall thereupon be due and Fsyable on the due date of the next month:y payment and each successive month thereaftei urtii mortgagee shall natify mortgagor of a change in s~ch ~ a,Tount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:u:ns, and mortgage guaranty inwrence oremiums. ~ IN WITNESS WHEREOf, the said MORTGAGOR has he~eunto set his hand and seal the day and year first aforesaid. -Sgned. Sealed and del' ed in t presence of: '-/(~Q _ Q~ l `J ~'1~' (t•an Sean ~ aq Kelvina Kni~tbtan cs~n ~ SiATE OF fLORIDA 1 COUNTY OF Sti • I~1C~ ~ ~ ' i Befwe me personally appeared `SO~. ~li~It011 a^d ~ ~1P~I18 ~II~.~1tOD his w~fe, to me well known and known to me to be the individuals desuibed in and who executed the fwegoing instrument, and aclcnow{edged before me that they executed the same for the purposes ~herein expressed. And the said ~1V~Ila ~~1tOD w~fe of the said .SOZ. ~1~~}1ti0II upon a sepsrate aud piwte examination by me take~ separate and apart irom her said husband, adcnowledged to snd befwe me that she executed said instrvment ft~ ~ ~dun- tarily and witFw~t any compulsion, constraint, appreF~ens~~ or fear of or from her said husba . . ? rt-r~~~~~~ ; ~ WITNESS my hand and cfficial seal this day of ~=,;,~f~;+ V, . .-•p~~. ' ~ ._3.. . ~ N tary Public in and i t State of ftofJ~r ~f LaraP i" ~ Commiuion expires: . Return Ta: L 's= . . . First federal Savi s~ loan Associat]on NOTARY PUSUC STATE QF FLORIDA A't ^9 MY CG'•;AISSiON EXPIf'.`S !.!•.R. 2, ~L~ Of Fort P~erce. ~ _ f~HERAL INSl3RANCE UNDERWRITERS, IN~,, ' . Fort Pierce, Florida ~ y , ~ 3' 'Z~ ` ' ' This Instrument Pre ared B RiCh82'd B. fl~~~ AMD P Y ~~j.~UC ER PO~aA$ c First Federal ofvFort P erce ~ FlOZ'ltdsn CLER v~~~ fjfp C01l~t aECOao Checked By ~ `2 't61 ~ ; ~3~3 Bo~K~1 P~ ` 2 ~ ~ ~s - _ - - ~ -