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Home My WebLink About0776 ~ 3. To placa and continuo~sty keep on the bu~'d~ngs now o~ hereafter ~~tu~te on sr.d IanJ and o~ ali eq,,~pmrnt and personally covered by th~s ma sge, with aii pren,wnu thereon µa,J in (~tl, f~re i~izwa~ue ~n ~he usua+ ua~xiard po:~cy form, in a swn apYro~c~ by the MORiGAGEE, a~~d wir.di~o iosurance in tha usual standard poLcy form, in a sum appro.eo by the MORTGAGEE, in such con:pany or com~~an~es as ~he MORTGAGEE ~ dlrect; and aII (ire and w~nda~orm insurance puGues on any of sa~d build~r+gs, any inreras~ ~herein or part the~eof, in the aggrega~e wm atoresa~d in extess thereof, shall :onta~n the usual srandard m~rtgagee cla~se w suth olher ttaus~ as the Mortgayee may requ~re, mal.ing the loss u~~dN+ sa~d po cies, each and every, p~yabtz to said h1aRTGAGEE.as ~IS intrretl me~ appear, and e:ch and every Suth p:.:ic~ shail be promptly ass gnnd and de:ivered + aoy hetd by said MORiGAGEE as fur~her security to sa~d~nor~gage debt, and, not less ~han ta.i (1Q} days in advance o( tl,a expirat~on of each policy, to d~ Gver to sa~d MORTGAGFE a renawal thereof, toge~her with a receipt for the premium o( suc~+ ~enev:st; and ihrre sha~l be na i~re or w~nduo*~n inwronc plsced on aoy of said b~ildings, any interost therein w pa~t thereof, uniess ~n the (o~m and wiih the ioss payab~e as a~oresaid; and in the e:cn1 any sur. of money becomes payable under such polKy or pofues said MORiGAGEE ahall have the op~~on to recr~ve an~ app!y ~~a san,e oo accoum of the indrbted ness secured hereby or to permif sa~d MORTGAGORS to rece~ve and use it w any part iha::=vi !or o:~scr ~.v~, csrs. ,•.;ine,:r ~h_~: w~~.+ ~3 ::r ~.~,p,.~r ~ ing any equity, I~en w right undrr or by virtue ol this mo:'gaqe; and in the event aa~d h10~TGAGORS s1w11 fw any reason ?ail fo keep ~he sa~d premises so i insured, or fail to ~ti~er promptly any of said polities of insuraRCe fo sa~d N{ORTGAGEE, ~ fa~l promptly to pay fu::y eny PJl"~1:J~T thercfor a in a~y respect (ail to perform, d~scharge, eaecute, effect, complete, co-~*+ply vrirh and abide by th~s caleeant, w any par~ hrreof, aaid MORTGAGEE may place and pay fot such insurance or a~y part the~eof with~,t waiving or aftecting any op~ion, lien, equ;ty, o+ r~ght ur.der or by vinur of ehis Mortgage, and the ~ tull amount of each and every such payn,ent shall be immed~ately due and payable and shall baar interest irom thr date ~hereof uneil paid ai ~he rate o~ nine per centum per annum and to~etncr with su;h interest shall be setured by the lien of this mongaga. 4. To permit, commit w suffer no waste, impai~menf or deterioratio~ of said property w any p3rt thereof. S. To pay all a~d singula~ ~he costs, tharges and expe~ses, including a reasonable atto~ner s fee and costs of abstracts of title, incurred or pa~d at any time by s~id MORTGAG:E~because o~ in the event of the faifure or! ihe part of ths said MpRIGAC,OR to duty, pra~-pfly a~~ Fuily perform, d~scharge. ; execvte, effect, comp!ete, comp!y w~th and ab:de by each and every the stipulations, agreements, cw+d~~:e~s, and covenants oi sa~d prom~ssory note and ~h's t niortgage any or e~ther, and sa:d costs, charges and expenses, each and every, shall be immed~atety due and payabie; whether w~wt ?fiare be norice da ~ mand, attempt to co:tect or suit pcnd~ng; and the fult amovnt of each and every such paymeni ahoii bea. interest from the date the~eot until paid at the ~ rote o; nine per centum per annu:n; a:w a1! said cos~s, charges and expenses incurred w paid, 1a~etner ~v~th such interast, shall be secured by the lieo of this i mortgage. 6. Tha~ (a) in the evenf of any brea:h of this Mortgage or default on the part of the MORTCCnGOR, a(b) irt the eve~t any of satd sums of money herein referred !o be not promptfy and fully paid within th~rty (30) days neat after the same se.e+a?ty become d~e and payable, wi~hout demand w no'ice, ; or (c) in the event each and every the atiputations, agreements, co+~d~tions and covenants of sa:d promiuory note and th~s mortgage any w either are r.ol ' ivly, promptly and ful~y perforrned, d+scharged, exetuted, effetted, completed, campl:ed with ano , b~deJ 5y, ~hen in either w any such event the said ag t 1 grepate sum mentaned 'en sa:d pra-nisso+y ncte then rematning unpaid, vrith ~nterest accr~ed, ar.d :tI moneys secured he:eby, shall become due and pay- able forthwith, or thrreaiter, at the opt;on of sa~d l4SORIGAGfE, as fully and canF!ately as i! a!1 of the soid su-ns of money were or~g~natly st~pulated to be pa~d on such day, anything in sa;d promissory note or in this Mortgage to the tomrary no:withstand~ng; and thereupon or thereafter at the option of said MORTGAGEE, w~thcut notice or demar.d, suit at law or in equity, therefwe or thereaiter ~-~vn, may be prosecuted ss if all ~wneys secured herecy nad maWred pr~ot to +ts inst:totion. 7. That in tF~e event that at the beginn~ng of or at any time perxling any suit upon this tgage, or to fo?ectose it, or fo reform i~, or to eniorce payment of any cln:ms hereundcr, sa~d MOkTGAGEE shatl apply to the Court having jurisd+c~~~sn thereof for the appointment of s Receiver, such Court shail forthwith appoint a rece~ver of said mortgagsd property aSi and siny-ular, inc~ud,ng a:! and singv!ar the ir.come, p~oF~ts, issues and revenues from whatever i source de~ived, each and every of wh:ch, it being expres:iy understood, is hereby -tiortgaged as if spec~fically set forth and desuibed in the granting and habendum dauses hereot, and such Receiver shall have ail ihe broad and eifective funct:ons and powers in anywise entrusted tiy s Court to a Receiver, and wch appointme~if shall be made by such Court as an admittrd equity and a matter of absalutr ri~ht to sa7d MORTGAGfE, and wirhouf relerence to the adequacy a inadequacy of the val~e of the property mwtgaged or to the so~vency or insoi:eMy of said MORTGAGOR or ihe defendants, and that s~ch - renrs, profin, incane, iuoes and revem es shall be aRptieai by such Receiver accwd~ng to fien w equity of said MORTGAGEE and the practice of such Coun. 8. To duly, promptly and fully perforn,, discharge, execute, eifect, complete, comply rrath and abide by each and every the st~pulat;ons, agreements, ~ conditions and covenanrs in sa+d promissay noee and this mortgage set forth. ' 9. That in the event the ownership of the mortgaged premises, w any part thereof, ue:c:. es vested in a pe:son other than the MORTGAGOR, the ~ MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such svccessor or successw in interest with referrnte to this t mwtgage and the debt hereby secured in the same manner as w~th Morfgagw without in any ~vey vitiating or d~schazg~ng the Mwtgagors' lia6iiity herr under w upon the debt hereby x~c~:~. No sate of the premises hereby mortgaged and no iorbearance on the part oi the IAORTGAGEE or its successors or assigns and no extension of tne time fw the payment of the debt hereby setured gi~en 6y tne MORTGAGEf or its successors or au~g~a, afiall operate ro retease, discharge, modi4y change or affect the originat liao~i~ty oi the M.ORiGAGOR h~rein, either in whole or in part. ; 10. It is spec:ficatly agreed that t~me is of the essence of th~s consract and ~hat no waiver of any obGgarion hereunder w of the obligarion se- cured hereby shaii at any time therrafter be held to be a wai~er of the terms hereof or of the instrument setured herby. 1 I. In ~~d•+:o:+ ~o the forego ng monshSy paymsmz of prir.c aal artd interest req_F=ed oy the prom:ssory note securcd hereby, mortgagor covenants and agrees to pay to mo-tgagee wirh each mo~~hty pay~.:ent an add~rionaf sum est~mated 'ay mortgagee to be equai to 1,• 12 of the annual cost of the fol:ow- ing: - A-Att real property taxas :evir3 w assessed against the above desc~i5cd real estate. B-Premiums on f~re and windsro:m insurar.ce as here~n req~;red to be carriFd en tt+e :m;:roveme~ts s:tuate on the a5ove described premises_ C-Pre:ni~ms on such moriqage guaranty irsurar~ce as mo:tgagee shall from t~me te time deem fit !o carry on the ban secured hereby_ Mwtgagee shail frcm ~ime to time nctiiy mo-tgagor in w.~ting of the amovnt dve and payable hereundrr and such su:n shall thereupon be dve and ~ Fayable an the due dare of the next mo~th:y payment and each successive momh i~.e:ea~ter ur.tii mortgagee s notif agor of a change in svch I amovnt. Such sums s6ait be appfied by mortgagee toward ihe paymeM of reaf p~opert f taxes, insura~ce pr ~:ums, eid mottgage guaranty insurance premiums. . IN Y~ITNESS :"JHERcOf, the sa~d MpRTGAGOR has hereu~to set his hand and sea! i day ;nd ye~r first afore i ~'~ig , Sealed and delive ed in the presence of: _ Se~n H nr G kfiite ts~si) ' • ~ (Sea1) une . white cs~,n ; STATE OF FLORIDA ~ $t • L.UiC 16 3 COUNTY OF I Before me personatiy appeared Henry G. Wtllte a~ .JUIlE E• Wh].t@ his wNe, to me well known and krawn to rr.c to be the ind~viduals descr~bed in and who exttuted the fwegoing instrument, and acknowledged bsfore me that tbey executed the same for the pwposes : i therein expressed. And the said_ -1],IIIQ_~~ tillhitP_ _ wHe of the sa~d HP_nr~ G, L~Ihite _ u~rS'a'f~pqrate and priva~e examination by me taken separate and apart from her said husband, atk.~wwledged to tnd brfore me that st~e execused_~sajt(`7ra~twwe$f.frlCJy e:+d volun- tarify and wiihout any compuision, constraint, apprehens fesr of or from her said F~usbarttl. • ' ' ~ . , WITfVESS my hand and official seal this ~ day of J~ 'A •6.-1972 ~ l • " ..r-, . ~ . 7` f"~,c.~~ ~ 1: . _ : ~ ~ ~ • : ~ Notary Pub7ic in and for:the State r a a~l3rye _ My Commission expires: : ~ •i ~ _ , , . Return To: - li; `l ~ ' : ' first Federa) Savings 3 Loan Associat~on r ' f NQTA~tY PUBIIC, STAIE oy,Ft~lOMri UIR , ' oi ~o.t P~e:ce. MY Ct3'dMISS10N EXPIREB~, SF,PT. ~lj.,'~~'.` Fort Pierce. Florida ~a~ 8r ~f~~ ~~f ~ - This Instrument Prepared By : J. H. Roberts ~ Jz. ~~p ~xQ Y First Federal Savings ~ Loan Association ~,~NG~~ of Fort Pierce ~ Florida 33450 ~~,~:t RE~,C110 y~~ F~EQ Checked By ~u ~ q ~ BOOK~V4 PACE 233~39 ; t N _ - ~ ~ . : ~ - ~ ~ ~ - - ~ , _ - :_~-~-.e.~.,~