The URL can be used to link to this page

Home My WebLink About0008 3. To place and coniinuousiy keep tne bc~.J~ngs no« or hertaitrr eitua~e on so~d :and and on aC eq.,ip~nent and prrsonally covered by this mor sge, w~th all p~ami„ms thr~eon ~,a.d ~n I~tl, f~re ins.rance m ~fie ~sual sta:~dard No;~cy funn, in a s~n 3~,pioved by thr A1~R~vAG'E, a~~d w~:~dsto Inwrance in tha usual sia~:dard poLcy fo~m, i~ a wm appiosed by the A1C~kTGAGEE, in wch compjny or compan~es as fhe MORIGAGEf m direu; and all tire ar,d w~ndswrm insurance po!~c~rs on any of sa~d buitd~ngs, any interest therein or part thereof, in the aggregete sum ~foresaid in axcesa thereof, shall :ontain ~he usual sta~~d3rd mot~9,~gre ciause o~ such oiher ciause as the Monya~ee may req~~re, mal.ing ~hz ioss u~~Jrr sa,d po c;es, each and every, payab!e to said ~t~RTGAGEE as ~ts ~ntcrast may dppear, end each and eoery such po:,c~ sl~a3! ix prompr!y ~ss gned a~~d de~~vered i any held by sa~d htOR(GA'vEE as funher sewrity to sald n,ong3ge d~bt, and, not tess lhan ten (10) days m advance of the eapirahon oi each poGcy, to d. Irve? to sa~d MORTGAGEE a re~~e~•al tF.ereof, together with a receipt for ~he premium of wch renewa!; and ~hrre shali be no fire or wi~~dsro~m in~urant ptaced on any of said b~ild~ngs, an; interest therr~n or perl lherrof, un!ess in the form and with the loss payable as aforesaid; and in the eYeM any sun of money becanzs payable under such policy or pol~c~ra said b~ORTGAGEE shall have rhe opt,on ro ret~~~~a z~:d app'.y tt~e sa~~~e on account of ~he ~~~dabtcd nesi secured hercby ot to petmif s~~d rAORTGAGORS to reteive and use if W any part ihe:eof tor o:+:~'r pvr~ ~s~•t, ti•..~h~Ut ~hr~.o; ~~~~.i~~ or in~p,,~r ing any equ~ty, I~en w right under or by virtue of this mo:'gage; a~d in th~ event sa~d MORTGAGORS shs;l for any raason fail ~o keep the sald pre~nises so . msu~ed, w fail te del~ver prwnptly any ot said poGc~es of insurence to sa:d MORTGAGEE, o~ fa~t promptly to pay fu:ty any pre~ri,vm the~efw or in any rezpect Fail ro perform, d~scharge, eaecure, effect, com~letr, comply wieh and abide by th~s covenam, or any part hereoi, said MGRiGaGEE may piace a~o pay fw :uch insurance or sny part thareof wnho~t waiving w affecting any pption, lieo, equ~ty, or rigM under or by virtue oi ~his Alortgage, and thc fult amount of each and e.ery such paymaro shatt be immediately dve and payable and shat! bear inte~es~ (rom fha date thereo( u~ril pa~d at the rate of mne per centum per annuni and to~rther wi~h such inter~st shali be srcured by t~e tien of Ihii mortgage. To permit, commit or suffer no waste, ~mpairment w deter~oration of said properfy •x any part thereof. 5. To pay all and singutar the costs, charges and expenses, including a reasonable a!torney's fee and costs of abstracts of title, incurred or paid at any ~i~r:e by sa~d MORTGAG:E, because or in the event of rhe fa~lu:e o~ the parf of the said MORTGAGOR to duly, promptly and futly perForm, d~scharge, a, ec~te, efiett, coa~piete, comply w~th and ab de by each and every the stipulahons, agrerments, conditions, and covenants of said promissory note and ihis n:orrgage any or e~~her, and sa d costs, tharges and expenses, each and every, shall be imn,rd~ately due and payable; whe~her o? not tbere be no~~ce da mand, atte,r.p! to coilect or suit pend~ng; and the full amouN of each and every such paymem shall bea. mterest from the date the~eof uroil paid at the ~.,re o~ n;ne per c~~~t.,m ~.er ~nn,;:n; ond all sa~d cosrs, char3es and expxoses ~ncurrcd or paid, tog<ther w~fh suth interest, shall be secured by the lian of th~• mortgage, b. Tha~ (a? in ?he evenl oF any breach of this Mortgage or detault on the part of the MORTGAGCR, or ;6) in the eveM any ot sa:d sums of money herein referred to be not promptly and fully pa~d w~thin thuty (30) days nexi airer ihe same several:y be~o~~e d~e and payable, without demand or notice, e~ (c) in thr event each and every the stiNu~anons, agreements, cond~~ions and co.enants of sa.d pronussory note and th~s mortgage any or either are nol ~uly, promptly a~d i~lly perfor~ned, d,scha~g_d, executed, effected, canp~eted, co~nplied with and ab~ded Sy, then in e~ther or any such event the sa~d ag ~regate sum mrmioned in said promisso~y nete thrn remaining unpaid, with interest accrued, and alt mo~ieys secured hereby, shall betome dLe and pay- atrie fonhwith, or thereaitcr, at the op!~on oF so~d MORiGAGEE, as fully and comp;etely as if aIl of ~n~ sa~d sums of mooey were or~gina~ly st~pulate~ ro be pa•d on such d.;y, anything in sa.d p~onrssory note o~ in this Mortgagr to the contrary nor+vithstand~nq; and therQupon or thereafter at the opt~on ot sa~d MORTGQGEE, w~thout not~ce or demand, suit at law a in equity, ehe~efore or thereafier be~un, may be prosecuted as if all moneys secured hereby n,d maWred prot to us inst~tut~on. ' 7. That in the event that at the beginn;ng of or at any time pending any suit upon this Mortgage, w to fweclose it, or to reform it, or to enforce F~aymem of any ciaims hereunder, said MORiGAGEf sha~l apply to thr Court having jurisd.ction theieot for tF~e appomtment of a Receiver, such Covrt shall fc~rhwith appo~nt a receiver of said mortgagad property all and singular, inctud:ng alt and s~ngu~ar the income, proi~ts, issues and revenues from whatever s,urce derived, each and every of wMch, it beir.g expressly ur,derstood, is hereby morrgaged as if spec~i~calty set farth and deuribed in the granrinq and y~~bend~m cla~ses hereof, and such Recelver shall have all the broad and effea;ve funa ons ar.d powers in anyw~se emrusfed by a Court to a Receiver, and s..ch appointment shalt 6e made by wch Court as an admitred eyurty and a matter of a~Ssolute right to said MORTGAGEE, and without reference to the -dequacy or ir.adeqvaty of t~e vaiue of the proper?y mortgaged or to the so:vency or insolvency Ot said MORiGAGOR or the defendants, and that Such re-~rs, profiis, incane, issues and revenues shall be apaiied by such Receiver atcord~ng to the lien w equiry of said MORTGAGEE and the pradite of such Court. B. To du(y, prompt!y and fut~y perform, discharge, execute, effect, comp(ete, compty wiih and ab~de by each and every 1be stipulations, agreements, conditions and covenan~s !n sa~d promfssary note and th~s mortgage set fonh. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORiGAGOR, the ti'ORiGAGEE, its wtcessors and assigns, may, witho~t notite to the MORTGAOR, deat w~th such successor or svctessor in interest with ieferente to fhia r,,o~rgage and the deot hereby secur~ in the same manner as wi~h ~dortgago~ witho~t in any way vit~atiny or d~scharging the Mortgagors' liability here- ur,dzr or upon ihe debt herzby sewred. ko sate of the prem~ses hereby mortgaged and no forbearante o~ 1he pan of Ihe /~ORTGAGEE or its sutcessors or assig~s and no extens:on of the r,me for the payment of the debt he.eby secuied given by the MORTGAGEE or its successors or ass~gns, a1w11 operate ~o release, d~scha:ge, mcdify ~hange or afiect tiie ong,nal Iiab~Gty of the MORiGAGOR herein, either in whole or in part. 10. It is spe:~f~cally agraetl that time is of the essence of this contract and that no waiver of any ob~igat~on hereunde~ or of the obligation sr cured hereby shali at any time thereafter be heEd ro be a wa~ver of the terms hereoi or o! the instrumeM secored herby. 11. In aJd t~c.~ ro the forege ~~q rnonth!y payments of princ pal and interest requ~red by the prom sscry no!e secured hereb/, mortgagor eovenants 3~~d agr~es to pay ro mortgaqee v.~th each iT,omh'y pay~ ~ent an add.i~onal sum est~ma~ed by mortg3gee to be eq~al to 1, 12 of the annual cost of the follow- A-Ait real propeny taxes levied or assessed ag~i•rst thc a6ove described ~eat estare. B-Fr~m~u:ns on fire ar.d wlr.dstorm ~nsurarce as he~e~n rcq~:red to be carried on the ~mprovements sltuate on the above d~saebed pcemises. C-Vremiums on such mongage guaranty ir.wrar,te as mortgagee shatl from t:me to time deem fit to tarry on the loan secured hereby. Mortgagec sh;~l from nme to time not~fy mortgagor ~n writ~ng of the amount d~e and payable hereundar and such surn shall thereuFwn be due and .,.ab;e on the due date of the nert mcnthi~ payme:it and each succe:sive month thereafter w:ti1 mongagee shall notify mortgagor of a change in such ~-eu~t. Such sums sha'~1 be app.~ed by mortgag._e toward the payment of reai - Froperty taxes, insurante prem:ums, and mortyage guaranty insurance r: • emiums. !N Y~17NFSS .VMER~OF, the said MORTGAGOR has hereunto set his hand and scal the day and year first aforesaid. Signed, Sealed and deiivered i e ptesence of: ~ ~ - ~ ~ ~Sesl) Rav nd H ord ~~,i~ , ~'P~-~'-' fSeaq . - - LO1S B ~ Ford, ~~a~~ SiATE OF fIORIDA ~ u. COUNTY OF ~ St. L.LGie ~ Befare me personally appeared ~aYmond H. Ford and ' _ T..O1S B• Ford his wife, to me well known and knawn to me to be ; the individuals described in and who executed the foregoing instrument, and acknowtedged before mt that they executed the same fw the purposes ~ therein expressed. And the said- LO1S B• ~OrCj ,vlfe of the said Raymond H. Ford upon a separate aod private etam~natron by me taken separate and apan from her said husband, acknowledged to and before me that she executed said instrument freely and volvo- raniy and w:thout a~y compuls~on, constraint, appre ~-s~, or fear of or fram her said husband. . WITNESS my hand and officiat seal this__ _ day o _ ;~y 7~ June ' ' ' Notary Public in for t tafe of e~ ~1' rye My Comm~s ' expires: ~ ~~iJ~~~ Return To: ~ d/ First Federal Savings b loan Associat~on /,~~~'.~s ' Of Fort P c;c„ . . ~ Fort P~crce, F~onda . FSLED ~ttC ~ ECORDEO St. IuCIE C~UNtr flA. , ~ RC~: ~ FJI'RAS j~ CLERK. i. :~~ut' COURT This Instrument Prepared By: ~~m. E. BY$uI1 D[('f~Q^, C,~IC(~~~ First Federal Savings & Loan Association ~ 1~ ~u of Fort Pierce ~ Florida 33450 Cnecked By ~ 23C`7'76 ~oo~ ~ $ ~ ~ ~ . _ - - - - ~ , : - - ' ;s ~ - ~ ~v. ~•-9`~ Y=.Yfe~~- '~"~Y ~ ft ~a"'°4`~~ x . . ~.~M~ -n-K~ . . .R~?rt ~'~rt y~'S~*~' . . . -iY>f. .~~d'~u~~