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Home My WebLink About1412 To place ~nd tontirtuously keep on 1he buildings now w hereaiter ~ituate on said land and on all cquipmenl and pe~sonslly tovered by fhis mo~ age, with all prem~ums the~Fon pa~d in full, fire insuronce in the u~uaf sianda~d polity form, in a sum approved by the MORIGAGEE, and windito ~nsurance in ihe usual standard pol.cy fo~m, i~ ~ sum app~oved by the MORiGAGEE, in iuch <ompany or compan~es as ~he MORTGAGEE m . d~rau; anc~ all fire and windstorm insurance po~~t~es on any of said buiidings, any in~ereat therein or part the+eof, in the aggrega~e sum •faesaid in eacess thereof, shall contain tha usual a?andard mwtgagee clause w such o1he~ clauss as the Mortgagee may requ~re, ma~in9 the Ioss ~nda+ sa~d po ues, each and every, payabte ~o said ti10RTGAGEE as iti io?erest may sppear, and each and every svch pot~cy shatl be prompNy ass gned and de~~vered ~ ? any held by said MORTGAGEE as fu~ther security to said mor~gage debt, and, no! less than ?en (10) days in advance of the exNka~ion of each policy, to d~ ~ I;ve~ to said MORTGAGEE a renewal thereof, toge~her wilA a rece~pt fw the p~emium of such renewaf; and there shall ba no f~re o~ windstor~n insu~anc ~ p~aced on any of said buitdings, any inte~es~ therein w part thereoi, unless i~ the form and with the loss payable as a!o•esaid; and in the event any sun ~ of money bocomos payablr under such policy or pol~cies uid MORTGAGEE s!~all have the opt~o~ ~o receive aixl apply tha san,e on accouM o( ~he indebted ness setured hgreby w to permit ~aid MORTGAGORS to ~eteive and use it w any part Ihercof for otiur purF~oses, w.lhoot th:rcor waivi~~~ o~ ~n~pair ing any equ~ty, tien w right under a by virrue of this mor:gage; and in ~he eve~t w~d MORTGAGORS shall fa any reason fait to keep the said premiszs so insu~ed, w(ail to deliver promptly s~y of said po~~ties of insurance to said MORTGAGEE, a fail promptly to pay fully any pre~»ium therefw or in any respecl (ail to pe~(wm, discharge, execute, effect, tompfete, comply with and abide by this covenant, d any pa~t hrreof, -aid MORTGAGEE may place and ~ pay for such insurance a sny part the~eof wi~hout waiving a affecting any option, lien, equity, or right under or by virtue of this Matgage, and the f~ll amounl of each and every such psyment shall be immediate~y due and payable ~nd shall bear interest irom the date thereof unfil paid at ~iis rate ol n~~~e p~r centum per annum and to~ether with such interest shall be secured by the lien of this mortgage. ' # f 1. To permil, commi! or sutter no waste, impai~ment w deteriaration of said properfy or any part thereof. € 5. To pay all and singular the costs, chargci and expenses, ~ncluding a reasonable atta~ey's fee and costs of abstracts of title, inc~rred or paid at ~ ony t~me by said MORTGAG:E, because or in the event oF the failure on the part of the said MORlGAGOR to duly, promptly and fulty perform, d~schar9e. execute, effect, complete, comply w~th and ab:de by each arx! every the stipulat~ons, agreements, condi~ions, and cove~ants oi ~aid promissory note and th;i + r,eongage any w ei~her, and sa~d costs, charges and expenses, each and every, sF?all be immediately dve and payab!e; w~ether o~ not there be notice de ~ mand, attempt to co!(ect or suit pend~ng; and ~he full amount of each and eve~y such payment shall beer interesf from the date thereof un?il paid at ~he r:,~e of mne pe? centum pe? annum; and all said costs, chargrs and expenses incurred or paid, together w~th such interest, shall be setured by the lien of thi~ mortgage. ' i 4. That (a) in fhe event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money ~ herein refe?rrd to be not p~omptly and fully paid within thirty (30) days next after the same seve~ally become due and payabte, wilhout demand w notice. w(c) in the event each and every the stiputations, agreemeots, cond~tions and covenants of sa:d promissory note and th~s mwtgage any a ei~her are not iuty, promptly and fully p~vformed, d~schargrd, executed, eifected, completed, complied w~th and abided Sy, 1FKn in e~ther a any such evem the said a~ gr~ate sum menrioned in said promiu«y note then remaining unpaid, with interest accrued, and all moneys secured hertby, shall become due and pay- ~ ab;e Eorfhwith, or thereafter, at the opt~on of said MORTGAGEE, as luNy ard completely as if aU of the said wms of money were wginally iGpulated - ~ to be paid on soch day, anything in sa:d prom~ssory oote or in this Mwtgage to the cootrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, w~thoul notice w demand, suit at law w in equity, therefwe w therea(ttr begun, may be prosecvted as if a!! rraneys secured hereby h~d maTUred prtpa to its instifution. 7. That in the event that at the beginning of or at a~y time pending any suit ~pon this Mortgage, a to foreclose it, or to refwm it, o? ta enforce payment of any claims hereu~der, said MORTGAGEE ~hall appty to the Court having juried~ction thereof (a the appointment of a Receiver, such Cou?t shall Forrhwirh appoinr a receiver of said mwfgaged property al) and singular, inclvd~ng all and aingular tf,e income, profits, issues and revenues from wF~atever so~rce derived, each and every of which, it being expressly understood, is hereby mor?gaged as if speufically set forth and destribed in the granting a~d habendum clauses hereof, and such Receiver sha~l have atl the broad and effective funct,ons and powers in anywise entrusted by a Cou~t to a Reteiver, and ~ s~ch appoiroment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and without reference to the ' adequacy a inadequacy of ~he value of the property mafgagrd or to the soivency or insolvency o( sa~d MORiGAGOR w the defendants, and that such ~ re-,rs, profirs, incane, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreeme~ts, condrtions and covonanrs in sa~d promissory rate and this m~tgage set fwth. 9. Tha? in the event fhe ownership of the mwtgaged premises, a any parf thereof, becomes vested in a person other than the A10RTGAGOR, the h10RTGAGEE, its successors and assigns, may, withouf notice to the MORTGAOR, deal with such successor w sutcessor in i~terest with reference to this mort~age and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating or discharging the Mwtgagori liability FKrr under w upon the deb~ hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its suttesson or assigns and no extension oi the time fo~ the payment of the debt hereby secured given by Ihe MORTGAGEE or its successors or assigns, a~~al) ope+ate to release, d;xha~ge, modify thange or affect the wiginal liab~l~ty of the MORTGAGOR herein, either in whole or i~ past. 10. It is speciFically agreed that time is of the essence of this contract and that no waiver of any obligation hereu~der or of the oblgaYan se~ c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. Il. In add~?io~ to the forego'ng monthly payments of princ"pat and interest required by the prom~ssory note secured hereby, mortgagnr covenants r.nd agrces to pay !o mo:tgagee ~with each monthty p,yrnent an add~~ional sum estimated by mortgagee to be equal to 1~ 12 oi the annuaf cost of th~ follow- ing: . A-AII real property taxes (evie~' or assessed against the above described real es~ate. B-Prem~ums on fire and windstorm insurance as here~n requ~red to be carried on the improveme:?ts situate on the above described premises. C-P~emiums on such mortgaqe guaranty irtswar.ce as mortgagee shall from time to time deem fit to tarry on the toan secured hereby. Mortgagee shail from time to time notify mortgagor in writing of the amount due and payabie hereunder and such sum shall thereupon be due and ; syable on the due date of the next momh!y paymeN and each successive month thereaffer urtil mortgagee sha!! not,fy mortgagor of a charr3e in such a•:ovnt. Such s~ms sF:all be appiied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance ;xemiums. --ijl WITNESS b'INEREOF, the sa~d MORTGAGOR has hereunto zet his hand a~d seal the day and year first aforesaid. , ~~g , Sealed an~ delivered ' th~ esence of: ~ , i - abeth Tinney, a widow an - cs~q - ~SeaO ~ SiATE OF FIORIDA ~ l ~OUNTY OF $t . Luc ie ~ . E ~ ~ eefwe me personally appeared filizabeth Tinney, e? Ml.tlOw ~ ~ his wife, to me well ~cndJlhl~~~~wn to me to be E ri;e individuabC desuibed in and who executed the fwegoing instrument, and acknowledged befwe me that ~he~? e~eivt~t~irssme ~~6p~ 1F?e purposes ; s ~ ~ therein expressed. ~tdoc]~~c ~ - ~J~e ~ 4 , ~ . . ; ~ I f '~~G''"~~;j : " j V1iITNE55 my hand and oificial seal thi: day of J~ y J ~ D. -i9 72 ~ I' ~ + ' t'~ ~ ~ . Notary Public in and ~w the t5t~1 Of•Fbeitfa.~ rge My Commiuion expires: ~ Ret~rn To: •~~,~C~ srar~ or aoaio~ a~ w~GE F~nt Federal Savings d. loan Associat~on MT COMMISSION EXPIRES SEPT. 25, 1975 Of Fort P~er~e. BODdEd By I~CfIC211 Blf?klfi ~IISYhfIC! i Fort Pi~rce, Florida f! lE0 ~x0 ~ECORp~~ ~ S7.tUCl R~P~C TMS y ROCE , : This Instrument Prepared By: John W, Collins RECORD ER~f ED ~1 = First Federal Savings & Loan Association : ; of Fort Pierce ~ Florida 33450 2~9 PH ' ; Checked By ~ 23381.~. ~ ` ' _ ~ ~ ~ - _ _ ~ _ ~'~w ;r ' ` ~ ~»,"`r 'R- - a~+~~~"~... ° ~ ~ .n:~ _ ~ ~