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Home My WebLink About0208 3. To place and cont~nuously keep on the bui'd~f~gs now or fierea(trr ~ituate on said land and on al~ equipment and personally covered by this mw ege, wnh all pre~~wnis ih~•reon pa~d in full, (ire ir.s~rance ~n the usuai sraixlard potity form, in a sum aHprowed by th~ h10R~G.>GFE, a~~d w~~ids~o ~~~eurance in ~he usual s+and~.d pol.cy (orm, in a sum approved by the MORTG.IGEE, i~ svch compa~~y or companies as the k10R1GAGEE m d.rrc?; and all fire and w:nds~orm ~nsurance pol~u<s on any of said build~ngs, any inte~est there~n or part the~eof, in the a~gr..~yare sum ato~rsa~d in excess thercaf, shall :ontain tha uswl :~andard mortgagce clause or such othr~ clause as the Mortgag~e may requ~re, making thr ioss undr~ sa~d po ~ :,es. each and every, payable to said ~~ORTGAGEE as ~ts interrs? may appear, and each and every such pu:~cy shall be promptly ass gnrd a~~d de~~V~red ~ - any held by sa~d MOR1GAGiE as further seturi:y to said martgage debt, and, not leas than ~e~ ~10} days in ad.ance of the expironon o~ each pot~cy, to d. ~ !:~er to said MORiGAGEE a renewel ~hereof, toge~her with a rece~pt for the prenuum oi such renewa~; and ~here shall be no 1~~e o~ w~»di~onn insuranc p!sced on any of said buildings, any interest therein or parl thereof, un~css in the (o~m and with the toss payob!e as aforesaid; and in the event any sun of money becomes payabie undrr wcA policy or poGcies said MORTGAGEE shall have the ophon ro recoive ~nd apNly the same on accoun~ of the indabtrd nrss secwed hereby or to perma said MORTGAGORS lo receive and use it p any part the:euF tor o:n~•~ ~.Uft•OS•J5, \:J~1GJf ~h:•.u; tiv.:~~i.~3 c~ :~~~p..ir ~ng any equ~ty. I~en or right under a by virlue of this mo:`gage; and in the evznt sa:d MORTGAGORS sAall for any reason fail to kecp the sa:d premisas so inwr~d, or iail to deliver promptly any of said poliues of insu~ance to said MORiGAGEE, or fail p:o~e~p:ly ta pay I~~ly any premium thcrefor or in a~y respect fail to perlorm, discharge, execu~e, effect, complete, co:nply with and abide by Ihis covenont, o~ any par~ hereof, s3id MORi„AGEE may p~ace a~~d pay fo? such ins~rance or any part thereof without waiving or affecting any option, lien, eqv~~y, or right unJer or by virtue of thls Atortgage, and the ~ t~1i an.ount of each and every such payment shall be immediately due and payable and shatl bear int~r~s? from th~ date thereof until p~id at the rate ot n~ne pcr c~nt~m p2r annu~r. anJ to~ctha~ wi~h such interest shaii t~e setured by the Iien of Ihii mortgage. d. To permit, commit or suffer ~o waste, impairment or deterioration of sa~d p~ope~ty or any part thereof. S. To pay a~l and singula? the costs, charges and expenses, includii~g a reasonable attorney'a fee and costs of abstracts of title, incurred or paid at ~~y tirr.e by sa~d MORTGAG:E, because or in the event of the fa~lu~e on ~he parl of ~he said MORiGAGOR to duly, pro~nptly and fuily perform, d~scharge. ~~~cvta, effeu: comptete, comply wnh and ab:de by each and every the stipulanons, agreements, conditions, and covenants oi sa~d pro:nissory note a+~d th~s ~,ortgage any o~ e~ihe~, and sa:d tosts, charges and expenses, each and every, shall be immed~atety due and payable; whether or not there be notice d~ ~~»•~d, attempt to cot:ect o~ s~it pend~~g; and the tull amount of each and every such paymeM shall bea. inreres~ from the date thereof until paid at the -•r~ o~ nme par c~~n:u~n ~~ar am:u:n; and all said costs, charges and ex,~rnses incurred or paid, togr~her ~wth such ~nterast, shall be secured by the Iien of this mortgage. _ 6. That (a) ~n ~he event of any breach of this Mortgage or defautt on tFw part of the MOR7GAGOR, or ;b) in the event any ot sa:d sums of money h,~rein referred to be ~iot pro~nptly and fully paid within th~rty (30) days neat af~er the same eevera::y hecome due and payal~!e, without demand o~ notice, or ic) in thr event rach and every ~he stip~tations, agreemenfs, conditio~s and covenants of sa:d promissory note and th~s mo~tgage any or ei?her are nof : iuly, promptly and fu11y perfonned, d:scharged, executzd, eftected, completed, compE~ed with and ab~ded Sy, then in e~ther w any such eveN the said ag ~ are~ate sum memioned ~n sa~d promissory note then remaining unpa~d, with intere>t accrued, and atl rrwneys seturrd hereby, shall become due and pay 3 ao e forthwith, or ihereaf~er, at the op!~on of said A10RTGAGEE, as fully and completcly as i( all of ihe said sums of money were or~ginal:y u~pwated to be pa~d on such d~y, anything in sa.d protn~sswy note or in this Mortgage to the tontrary notwithstanding; and thereupon or thereafter at ~he op~~on of s~:d MORTGAGEE, w~iho~t r.ot~ce or demand, suit at law w in equity, therefore w thereaher begun, may be proaecuted as ii all moneys secured hereby n,~ maWred pnor to ~ts institut~on. 7_ That in the evenr that at the beginn~ng of or at any time prnding any suit upon this Mortgage, w to forectose it, or to reform it, or to eniorce ;.ayment of any c~rims hzreunder, said MORiGAGEE shall app~y to the Court having ~urisdiction thereof {o+ the appo~ntment of a Receiver, s~ch Court shail r~:~hwith appoint a rece~ver of sa~d mortgaged property aIl and sing~lar, includ~ng all and sing~iar the income, profrts, issues ar.d revenues from whatever z_ ,•ce drrived, each and every of wh;cfi, rt being expressly understood, is hereby mortgaged a; if spec~fically set fo~th and desuibed in the granring and !~bendum da~ses her~wf, and such Receiver shall have all the broad and effective f~nu,ons and powers in anyw~se entrus~ed by a Covrt to a Receiaer, a~~d s_,h appointment shall be made by wch Court as an ad~ni~ted equity and a matte~ of absolute rigM to said A10RiGAGEE, and w~thau~ reference to the r.'.•_:~uacy or inadeq~acy of the value of the property mortgaged or to the so~vency or insoivency of sa~d MORiGAGOR or the defendanu, and that such .rs, profits, inco•~e, iswes and revenues shail be applied by such Recrive~ accordmg to the tien or equity of said MORTGAGEE and the practice of such Court. 8. To d~ly, promptly and fully perfo~m, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ~c::ditions and covenants m so~d promissory note and tFi,s mortgage set forth_ 9. That in the event fhe ownership of the mortgaged prem~ses, w any part thereof, becomes vested in a pe~son other than the MORTGAGOR, the ."?RTGAGEE, i`s successors and ass~gns, may, wifhout no+ice to the MORTGAOR, dea{ with such successor or successor in interest with reference to this ortgage and tne deut hereby secured in the Same man~er as with Mortgagor withouf in any way vitiating or tli9charging the Mortgagots' (iability here- :,drr or uF~on the debt hereby sec~red. No sale of the p~em~ses hereby mortgaged and no forbearance on the pan of the MORiGAGEE or its successors ass~gns and no exrension of fhe t~~ne for the payment of the debt hereby secured given by the A10RTGAGEE or its successws or ass~gns, a~~all operate +o re!ease, d~scharge, modify change or affect the orig~nal Iiab:Iity of the b10RiGAGOR herein, either in whole or in part. 1Q. It is specificaliy agreed that time is of the essence of this contract and that no waiver of any obt~gat~on hereunder or of the obligation se- cur•_d hereby shafi at any time thereafter be heid fo 6e a waiver of the terms hereoi w of the instrument secured herby. ' 11. In ;od,Go~ to the forego'ng n,onth!y paym~nts of pri~c pa! and inreresf required by the prom~sscry no'e secured hereby, mortgag~r covenaNs , d agr~es to pay to mo:tgagee v:ith each monthiy payn:em an add~rional s~m est~mared by martgagee to be equai to 1;" 12 oi the annual cost of the follow- A-All reat prop^~ty taxas ie:~ed or assesseci aga~•~st the auove described rea! esrare. 6--Pr:,~~~:u•ns o~ f~re and vi;ndsro:m ~nsurar.ce as hr~e~n iequ~~o be tarried on the improvements s~t~atz on the above dsscribed premises. C-Pre~n~ums o~ such mortg;ge g~ar~nty ir.svrar.ce as mortgagee shafl from t~me to tl~ne deem fit to carry on the toan secuzed he.eby. hlortqagee s~~ail f~am rime fo ti::~e r.ot~fy mortgagor in w.it~ng of the amou~t due and payabte hereundrr and such sum shaEl thereupon be due and i .;6!e on the due date of ~he next month:y payment and eath successive month thereaft~r urni! mo~tgagee sha~l not~fy mortgagor a change in such ~.,nt. Such wms sra:l be aFp'~ed by morrgag:e towa~d the payment of reat properiy taxes, insurance prem:ums, a~~d mort e guaranty insurante ~ . _~~~iums. ~ ~ i ~ IN \'11TNE55 WHERtOF, the said MORTGAGOR fias hereunto set his hand and seal the day nd ye r first afore d_ ~ ~ Signed, Ses~ed and delivered in the presence of: ~ s~a ) ~ ames J. eighan ~~a~~ ~ i _ ~~^C~ . ~ , Bar a a Dei , -~~a~~ (Seal) _ `s 3 S~:.TE OF FLORIDA 1 ~ ~.,~U'JTY Of pa lm 8~~ach ~ ~ Befwe me personaUy appeared .7~mes .J . Ueighan and t _ E3.3 L~3 rc'l .J . Dei~han his wife, to me well known and known to me to be ~ ~ individuats described in and who exetuted the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~ rh~•ein expressed. And the sa~d Ba rba Yrl ,7 . D@lgf'1371 ~ 7 ~ of the sa;d upon a separate and p?ivate ~ _.~-n:nat~on by me taRen separate and apart frcm her said husband, acknowledged to and before me that she executed said instrume~t free'ry and volun- _ .,,y and without any computsion, consnaint, apprehens~on, or fear of w from her said husband. WITNESS my ha~ci and off~cial seal th~s- day of Jtll A. D. 19 72 ,f Nota y Public in and ior the State of Flosida at large ~ My ommission expires: . , . Return To: ' ~ r-., , - ' :'r~{.~ F~~`,. ~ L First federal Savings b Loan Association LOU~~ C'•: , • " tV Y . . ' - , Cf Fo.t P ~rce ~ Fo~r c;_,ce, Fior~da Notary Public, State of Florida at Lsrge ~ My Commission Expires Ap:il 27, 1973 ' ~ Bonded by General Insurance Underwritets,~1A0, - ~ This Instrument Prepared By iohn :•J. Co2 1 in s ftLEO AND ~tECQR~~Q . 3 First Federal Savings & Loan Association =T.lUC1E CallM~Y A ~ of Fort Pierce~ Florida AOCER ?OItRAS • ~ ~ , • CIEitK Ct7CU~T 40NAt RECORO VER~~IEO " ,r.hecked By - ~ ~e ii ~ a~ ~7t ;~3z ~ ~ . ~ R 204 - 208 3~~ - aco~ ~~f ~ ~ ~ ' ; - - ~ ; ~ ~ ~ ~~~~.-*._.~:..-~e"~~~ ~~.1..._ _ . ~ , - -