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Home My WebLink About1272 3. ?o plaa and continuousiy keep on ~he bu~ldings ~ow o~ htreaitei sit~st~ on ssid land and on ~II equip~nent u?d pN~on~ily cov~red by this ma y~, with al) premiums thercon paid in full, tire ins~~ante in Ihe usu~) ~landard polity form, in s sum apprCV~d by ?FK MORTGAGEE, and wi~to insu~anc~ 1~ 1M uswl itandard pol~cy form, in a svm approvad by tM N10RTWlGfE, tn such company or comp~nies as 1M MORTGAGEE m d'utctj and aU firt and w7ndstorm insuranc~ polic~es a+ +ny of said buiW~nps, ~ny int~~~i1 tl~erein w put the~wf, in 1M pyreyal~ sum afor~said in exc~ss therwf. ahall conui~ Ihe ~swl s~~ndud mortgapee clsua or such otMr cla~se ~s 1M Mortyaqe~ may requin. makinp 1M loss und~r wid po cies, esch u~d tvKy, p~yabt~ to said MORTGAGff as itt inte~est may appear, and each ud every such policy ihall 6~ promptly aa:9ned ~nd detivered ~ ~ny held by uid MORTGAGEE ~s fur~her security to s~id rtwrtya~~ debt, ~nd, not I~u ~han ~en (101 days in adva~+ce ot ~l+~ ~xpir~tion of each policy. to tk liwt fo said MQRTGAGEE a renewal ther~of. lope~l~ with a receipt (o~ tM pr~miwe~ of tuch ~enewal; and ther~ shall be no fin a windt~am insu~ant placsd pn any of said b~lldings, any intcrest tl~e~n or p~~t tM.eof, unleu in ~he fwm and wi~h t)w bss pay+bb u afw~s~id: ~nd in tl+~ evsnt aey i~e of nwn~y becpnes payable ~r?der such policy or pofcies said MORiGAGEE ~hall haw tF~s opt~on to recaivs and appiy Ihe sama o~ ~ccovnt of ths Ind~bted osu iecw~d h~.eby a ro permit said MORTGAGORS ro ~eceive and use N a ~ny part thereof fo~ othe? purposes, w~~hout th~reb~ wai~i~~g or ~mpair iny ~ny equity, lia~ or riqht u~der w by virtw of this mo:sqa~e; u+d in tM ~ve~t u'wi MORTGAGORS sh+ll for any ~~ason i~Il to ke~p ~he siid w.:ai:es sa insured, q fall to deliver promptly any of said policies ot inswant~ to said MORTGAGEE, o~ fai! promptly fo pay fully any premium therefor w in any ~sspect is11 eo perforr~, dischuge, execute, effrct, camplets, comply with a~d ~bide by thw cove~am, a any psrt hereof. said MORTGAGEE m~y pl~ce ~nd paY fw svch inwrance w any part thereof without waivinq o~ affectiep any option, lien. pvity, or ~igh~ under w br virtw of thi~ Abrtyape, and the full amoun~ of each and every svch payment shall be ;nxned;ately dw s~d p~yable ~nd sFWI~ be~r inte~est from ths date thereof u~til paid at the rat~ of nine per ce~tvm per annum and 1oge~Mx with wch interest ihall be secured by tM li~n of this mort~~ye. , 1. To permit, oommit or suffer no wast~,.knp~irment w dNeriwation of said property or a~y paA tlxreof. S. To psy ~II and sinyulu the conts, tM~ga and expenties, i~clutiirg ~ reasonabk attpney's fee and cosrs of abstracts of title, incvrred or ps;d ~t any time by sa~d AAORTGAGEE, because p in ths event of the failure on ths paN of the said MORTGAGOR ro duly, promptly ~nd fully perform. d~uha?ge, execute, effea, complete, comply w~th and +b~de by e+ch snd every the itipula~iora, agrecrrKnri, caxlit~ons, a~d cove~ants of said p~omissory note and thi~ mortgape any a eithe~, and said costs, charges ~nd expenses, each and every, shall ba immed'uroly due and payabk; whether or not thero be notice dc marxl, anempt to co11M o~ wit peodirg; and the tull amount of eath and every s~?ch psyment shall bea. interest from the date thereof uMil p~id a1 the rate of nir~e per centum per arnium; and all said costs, charyes and expenus in~vrred or pa~ai, together with such intereat, sh~ll be secvred by fhs lien of tha mortyag~. 6. Tha1 (s) in the evant of any breach of tha Morf9age w defa~lf on ihe part of the MORTGAGOR, a(b) in the event any of sa~d sums of mw~ey herein referred to bs nol promptly and fvlly paid within thirry (30) d~ys next after the ume severally betome dve and paysble, withoul ds+nand a eotice, or in the event each and avery ths stipvlarions, sgresmenri, conditions and covenants of ssld promiuo~y note and th~s mortga9e any p either are no1 iuly, promptly and fully performed, dixharged, executed, effected, completed, complied wiih and abided by, then in either or any such eveM ths ~aid ag gregale wm mentioned in said prom;uory note then remaining unpaid, with interest accrued, and all morxys setured hereby, shsll become due a~d pay- able fwthwith, or theceafter, a1 the option of said MORiGAGEE, as fully ~nd completely as if atl of the said wms of money were wip;nally sttpulated to be patd a? s~ch dsy, anything in satd prom~uory note or in this Mortgage to the contra~y ~otwithstand~ng; and the~eupon or thereafte~ at the option of said MORTGAGEE, withovt notice a demand, suit at law a in equity, tlxrefote or thereafter begun, may be proxcuted aa if all moneys sacured hereby had matuted ptwr to iri inslitvtio~. 7. Tha1 in tt+e event tlwt at tFrc beginning of p at any time pending any suit ~pon this Mortgage, or to faeclose it, o? to reform 1t, or fo Mforte payrrKnt of any claims htrevnder, said MORIGAGEE shall apply to t}~e Court hsving ju~isdiction thereof fw the appointment of a Receiver, such Court shall fwthwith appoiM a receiver of said mortgaged property all and singular, includmg aIl and singular the income, profits, iasues and revenues from whatever source derived, each and every of which, it being expressly understood, is hereby morrgaged as if specifically set lwtb and~described in the gr~ntin9 and hab~ndum clauses hereof, aod such Receiver shall have all the boad and efiective funct~ons a~d powe~s in anywise entruued by a Court to a Receiver, and such appointment shall be made by such Court as +n admitted equity and a malta of absolute right ro said M10RTGA6EE, ~nd without reFerer+ce to the adequscy or inedeqvacy of the value of the propc?ty mortgsged or to the wwency o? insolvency of said MORTGAGOR or the defe~dann, and that s~ch renrs, profits, income, iuues snd revcnues shall be applied by such Reteiver accordi~ig to the lien w equity of said MORTGAGEE and the practice of such Court, S. To duty, prompNy and futly perform, discharge, execute, etied, eomplete, canply with snd abide by each and every the stipulations, agreements, condifaro arxl covenants in sa~d promissory note and this mortgsge set forth. 9. That in the eveM the ownership of the mwtgaged premises, w any part thereof, becomes vested in s person other /F?an ihe MORTGAGOR, the MORT(',AGEE, its successws and auigns, may, without notice to the MORTGAOR, deal with such se?cceuw a wccessor in interest with reference fo this mortgage and the debt hereby stcured in the same manner as with Mortgagp without in arty way vitiating o~ diuharging the Mortgagors' liability hero- under or upon the debt hereby secu~ed. No ule of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its suctessors or augns and no extension of the time fa the payment of the debt hereby secured give~ by the MORTGAGEE w its avccessors w suigns, s~tiall operate ro release, dixharge, modify change w affect the aiginal liabil~ty of the MORTGAGOR herein, eitixr in whok or in part. 10. It is specifically agreed thar time is of the essence of this contract and that no waiver of any obligation hereun<kr or of fhe obliyation se- cured hereby shsll at any time thereafter be hetd to be s waiver of the trrms hereof or of the instrumeM seturetl herby. Il. In add'rtio~ to the fwego'ng montbly payments of prinCpal at~d interesl required by the promissory note secu~ed hereby, mwigagor tovenanis and agrees to pay to mortgagee vvith each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the folfow- ing: A-AII rea) prc~pery taxes leviec! or assessed againat tFr_~ above described real estate. B-Premiums on fi?e and windstwm insurar.ce as herein requ~red to be carried on the 7mproveme~ts situate on the above desuibed premises. C-Premiums on such rtwrtgage guaranty insurance as mo?tgagee shall from time to time deem fit to carry on the loan setured hereby. Mortgagee shatl from time to time notify mortgagor in writing pf the amount due and payabte hereunder and such sum shall thereupon be due and payable on the due date of the next month!y payme~t and each suctessive month thereafter ur.til mortgagee shall notify mortgagw of a change in such amount. Such sums aF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance p~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. J 5~ , Sealed d in th~ presence of: , / ~ t~`i U o W' ness: y~ p g ~ a~ i tness: Ma Prussing ~ ~q STATE QF , courin oF _ Ne~r York , ~V ~ Before me personally appeared WQS~? E. Pzussing and ~Idly C. Prussing his wife, to me well known and known to me to bs the individuals described in and who executed the forepang instrwnent, and acRnowtedged befue me that they executed the same tor the pvrposa therein eapressed. And the said ~dIY C. prl1S51l10 wife of the said WQ511? _ E. pZ718S1i1a vpon a scparate and priwt~ examinaYa~ by me taken separate and apan from her said husband, acknowledged to end befwe me that she executed ssid instrvment freely ~nd voluo- rarily and withovt any computsion, constraim, appre or fesr of or from her said husband. WITNE55 my hsnd and officisl aeal thi day of May A, p. 19 72 Notary Public in snd for the State f at Larpe My Commiuion expires: . . Retum To: N ~ Y • ~ ' : first feder~l Savings 6 loan Association J~TT` .,_~x ; Of Fo~t Pierce. Fi~tnr~ P~:Lti~. ' ~ - - . ; 3e1--11 ~ ~ ~ s . , Fort Pierce, Florida ~ ' (ltial:fir.1 ~r. ' . . . . ~ . , ~ , a • ' . i ~.9nms"i.rts Ecj~oi.. . . _ , ` ;y~ ~ ~ L ~ ! ~ e ~ ~ i , ~i ' ~ • ~ w ~ .e This Instrument Prepared By RiChard K. Kayes fllf0'ANO i1EC0RDE4 ~~z J;;~: c: ' First Federal Savings 8 Loan Association ET. LUCIE COUNTY fL+~. ~,J'•.~~~ i of Fort Pierce ROCER FOITRAS ~ F"Tj , Rlorida CIERK CiRCUIt COURT 'n,,,: ~ ' Checked By ~ RECORD YEp+~ tE0 ~ ! M~ ~6 3 4~ PN'Zt ~ ' 800K IG~ViG PAGf 1~~ `~riZ.9~?~~r ' ~ ~ - s - - ~t: :