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Home My WebLink About0927 3. To plac* and continuously kcep on the buiidings now a hereaftt~ sitwts on s~id lu?d ar+d on ~II equipmeM ~nd p~rsonally cov~?~d by thi~ mw eg~, wilh ~II premiums lhcreon paid in full, fire insurance ~n the uiual s~andard poticy fwm, in a tum approved by the MORTGAGEE, and winds~o insur~nc~ in tM usual trandard pol~cy fam, in a sum approved by 1FN MORTGAGEE, in tuch tompa~y w companies ~s 1he MORTGAGEE m d~redp ~nd all fu~ u~d windsto~m ins~rance polKias a+ any oi said buildinp~, ~~y intsrest the~ein or part thereof, in th~ p~rey~te wm ~fo«said in ~:cess thereof, ihall contaio ~F+s v~w1 i?andard mor~gaye~ cla~s~ or such ofhe~ c1au~ as tM Marya~ee may requ'u~, makir?a th~ iosi unde. sa~d po cies, tach ~nd every, payable to said MORTGAGEE as its ioteres~ may ~ppear, and esch ~~d every tvch policy sh~ll be promptly ~ss:yn~d and deiivered ? any held by said MORTGAGEE as funher sec~rity to s~id mwtqay~ debt, ~nd, not less th~n ten (IO) days in ~dva~ts oi the ~xpJr~tion of each polity, to de IirrN to said MORTGAGEE a~enewal thercot, tapeth~r with • rec~ipt fw tM premium of s~ch r~newal; and ~hers ~Fwll b~ no fire w wind~torm insu~anc plsced on ~ny of said buildings, ~ny ima~st therein or pa~1 fhereof, unleu in tM form and with ~h~ loss p~yabk as afwesaid; ~nd in tht erent a~y s~n of ma+ey becomes payable under suth policy or policies said MQRTGAGfE thall haw the optip~ to reteive and apply the same on sccou~? of the irKlebted ~ess aetured hereby w to permit said MORTGAGORS to reteivs and use it p any part the~eo! for othcr pu.ppses, wi~hout ~h:rr-b/ waiving or ,mpair~ ing any equity, lien w ~ight under or by virtue of this morsgspe; ~nd in tM tve~?t sa~d MORTGAGORS ~hail ta any reason fail ro keap the said premises so irtsvred, o~ fa11 to delive~ promptly any of said policies of inw~~nt~ b Nid MORTGAGEE, ot fail promptly to pay fully ~ny p~emium tharefot p in ~ny respecf fail b psriwm, discMrge, execute, effeN, complete, tomply with ~nd abide by this covenant, a se+y pa~t hereof, ssid MORTGAGEE may pl~ce and pay fw such insurance or sny put thercof without waiviny w affectinp any opteon, IFen, sQwty, a riph~ unda a by virtw of this IMortqa~e, ~nd the full aRw~nt of each and ewry wch paymem shall be immediately dw and p+yable and ih~ll bear interat from tM dats thereof un~il paid at tM rate ol n~ne per tentum pe~ s~num and to~ether with such i~terest thall be secured by 1Fw lian of this mort9pe. 1. To permit, commit or suffer no w~s~e, impairmc~t w dete?ioretion of said properry or any part theieof. 5. To pay aN and sinyulu ths costs, charges and expensrs, inclvdinp a resswwble ~nwr?ey's fee snd costs of abstracts of tiNe, incvrred o~ psid at any time by said MORTGAGEE, beca~se or in tM event of tF?e fsilure on th~ pa?t of the s~id MORTGAGOR to duly, promp~ly and ful~y periorm, di~cMrg~ executs, effecl, complete, comply w~th and ab:de by each and every the itipulations, aqreements, ew~diti«u, and oovsnants of sald pomissory nwe ind thii ~t9+e~ +~Y a either. ~nd sa;d coits, charges a~d expe~ses, each and every, shall be knn+~.~diately dw and p~y~ble: whether w not there bs notice de~ mand, attcmpt to co!lect or suit pending; ~nd the full amount of each and every wch p~ymcnt shall bea? interest from tF~e date tl?ereof u~til paid at the rare of nine per centum per an~wm; and all said costs, charges and expenses incurred or paid, together with such i~terest, shall be secured by ths lien of thw matyap~. 6. TT?~t (s) in the avem of any lxeach of this Mwrgsge o~ default on the part of the MORTGAGOR, or (b) in tlk event sny of said sums of ma~ey l,erein referred to bs not promptty and futly paid within thirty (3pJ days next afte~ !ha ss+ne severaUy betome dve and payable, witho~t demand or notite. or in the event each and every rhe stipulatioos, agreements, cond;tiau ar?d tovenants of said promiuory note and this mortqage aoy o~ either are nof iuly, promptlY and fully performed, d~schar9ed, executed. eifected, completed. complrcd with and abided yy, then in either or any such ewnt the ~aid aQ g~eg~te wm merttiorkd in said promissory note then rem~inin~ unpaid, with intereit acuued. and ail moneyt secvred hereby. ahall betome due ~nd p~y. able fwthwith, a theresfter, at the optiw~ of said MORTGAGEE, as fully ~nd completely ss if all of the said wms of mooey were wgin~lly stipulated to be paid on such day, anything in said promissory note a in this /Nortpage to the contrary notwirhstsnding; snd ~hereupon o. ~hereaher at tM oprion of said MORTGAGEE. without notica a demsnd, suit at law w in equity, therefore ot Ihereafte~ begun, may be prosecuted u if ~II moneys secvrod hereby had matured prior ro in iearitution. 7. That in the event that at tise beginning of or at any time pe~dieg any svit upon this Mortgage, a to fwecloes it, or to refwm it, or to enfwu payment of ~~y claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof fw the appointment of • Receiver, Wth Cour1 ihall Fathwith appoint s receiver of said mort9aged propertY a~~ and singvlar, includ~ng all and singular the incwne, profits, i~sues and revenues /rom whatever wurce derived, each and every of whK1y it be~ng expressly undetstood, is l+ereby mort9aged as if specificatly aet forth snd desuibed in the 9ra~rinp and habend~m clavses hereof, and such Receiver shall h~ve all the b~oad and effective fvndions and powen in anywise entrusted by a Co~rt ro ~ Receiver, ar~d s~ch sppointment shatl be made by wch Court p an admined rquiry and a matter of absolute ~igh! !o said MORTGAGEE, ~nd without referer~ce to ths adequacy w inadeqwcy of the value of the properry mortg~ged or to the wNency or insolvency of said MpRTGAGOR w the defendants, and that such renn, profin. incane, iswes and revenues shall be applied by such Recciver sccordu+g to the lien or equiry of said MORTGAGfE and the prsctice of such Covit. 8. To duly, promptly and fuly perform, discharge, execute, effect, oomptete, comply with and abide by each and every the stipulations, agreemcnts, conditions ar?d covenann in u~d promissory note and th~s mortgsge set forth. 9. That in the event the ownership of the mortgaged prcm;ses. ar any parl tfkreof, becomes vested in a person other than the MORTGAGOR, the MORIGAGEE, Ns succeuors and sssigro, may, w;thout notice to the N10RTGAOR, deal with such succeuor w suttessor ;n intereit with reference ro this mortgsge and the debt hercby secwed io the same manner is with AAortgaga without in a~y way vitiatiny ot discMrging the Mortgagors' liabiliry hera ~ under or upon the debt hereby secured. No sale of ihe Fremises hereby mongaged a?~d no fwbea~ance on the part of the MORTGAGEE or ib waeuon 1 or auigns and no extension of the time for the paymeM of the debt hereby secured qiven by the MORTGAGEE w its successors a sstigns, sF~sll operate lo relcase, discharpe, nadify change or affect the original liability of the MORTGAGOR herein, eitMer in whok or in psrt. 10. It is specifically agreed that time is of the essence of this contract ~nd that no waiver of any obligation he~evneler or of the obliyation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrurtKnt secvred herby. 11. In add~tion to the forego:ng monthly payments of prin~ pal and inte~est required by the promissory note setured hereby, mortgagpr tpvensnts and sgrees to pay ro mortgagee w;th each monthly payrr~mt an additional swn estimated by mortgagee to be eqval to 1/i2 of the annual cost of the foUow- in4~ . A-All real p~operty taxes levied w assesssd against the above described real estate. . 8-Premiums on fire and wi~slorm insurance as herein requ~~ed fo be carried on the improvements sit~ate o~ tl?e sbove desvibed premises, C-Premiums on such mortgage guaranty insurar~ce a: mortgagee sha(I from time to time deem fit to carry on the ~oan secured hereby. Mortgagee shall from time to time rwtify mortgagor in writing of the amouM due and psyable hereunder and such sum shall there~pon be due and payable on the due date of Ihe next monthly payment and each successive month thereafter urfil morfgsgee shall notify mortgagor of a thange i~ such amount. Such sums shall be applied by mwtgagee loward the payment of real property taxes, insuronce prem;ums, and mortgage guaranty inwrance p~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day ar?d esr fint afwesaid_ igned, Sealed and delivered in the preaer+ce of: ~ n rc__~ fS.a~ STATE OF FLORIDA ~ St. Lucie ~ couNnr oF eerore me pe.sonany ~ppea.ea James W. Reedy •~a Ruth Re@dy his wife, ro me well known ~nd known to me to b~ the ~ndrvKfirab described in md who executed the faeyoirg inst~umant, arW adcnpyvledged betore me tAat tney executed fne same iw i~e purposes the?ein axpresxd. Ar~d ths ss:d Ruth R ac'ly wife of the ssid Jaaes W. Re~V upon a separate ~nd priv~t~ examinstion by me taken separate and apart from her taid husband, adcrwwledged to and before m~ that she exetuted said instrument freely ~nd volutr rarity and w~rhout erryr compulsion, ca~straint, appre~ fear of o~ from her ssid Iwaband, YYITMESS my hand and official seal t}?is dsy of ~ A. D. 19 72 Notsry P in ~rid for the ste of~lorida at lu~e Return To: MY ion rxpires: ,/9 7 S First Feder~l Savings 3 loan Association NC,TA?Y PUB(_~C STATE OF FlARtbA qT I q[~ Of Fort P~erce. MY COM{HISStON EXpIRES AUG. 6, 197~5 ~3EJ~'ERAL INSURANCE UNDERWRITERg, INC. Fort Pierce, Florida • , a' ,FTx ' ' . . .r~_ ~ ' ~ ~ ~.,+,i~. - ~ - ~ f lEQ ~NO AECOlIDE~ ~ • _ i~.~UCIE COUNTY Rl This Instrument Prepared By Wia. B, Bzaun ~ ' OGER ~OiTRAS First Federal Savings 8~ Loan Association ~ • , ~~ERK W~6U1T COtIRT . of Fort Pierce~ Florida y=, a,. v~:'~~'"• 11ECORt~ v~R~FIEO~ Checked B = - y-~- ~~=`:':1%~:- II~ IZ 12 a~ PH'?1 , • ~ i: A ~'i:J t ~~•'i " ~ ~~~2~IIfL~.~!'-~w~~ ~ BaoK202 ~~E ~Z'7 ~ - - - ~ _ . .~.__~__i~.__ - _ -