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Home My WebLink About2508 3. To ptace and continuously keep on the bui!dings now or herea(te? ~ituate on aa~d Iand and on all cquip~nenl and ptrsonally covered by this mor e9e, w~~h all prem~ur,.s ~hereon pa~d in (ull, fire insurance io rhe usual srarxla.d pol;cy io~m, in a sum approved by ~he MOR~GAGEE, and windsto ~nsurance in ~he usual s~anda~d pol,cy (orm, in a sum approved by the MORiGAGEE, in such company o~ carpanies ai the MORTGAGEE m d~rect; and all f~re and w:nJstorm insurance polic~es on any of sa~d build~ngs, any interes~ the~ein or par~ thereol, io ~he agg~egare sum •foresaid in excess fhcreo(, shall co~tain 1he usual srandard mor~gagee cfause or such othe~ ctause as the Mortgagee may requ~re, making the lo~s unde~ ~a~d po , c~es, each and eveiy, payab~e to sa+d M~7RTGAGEE as ~ti i~te~rs~ may appear, and each and every such po~~cy shall be p~cmptly ats gned and de~ivered ~ ~ any held by sa~d MORfGAGEE as fur~her sewrity to said n:ortgage debt, and, oo! Scss ~han ten (10) days in advance of the expiration of each policy, to d~ ~ 1~~er to said h1QRIGAGEE a renewal thereof, togeth,x with a rece~pt for the premium oi such renewal; and there s1w11 be no fi~e or w;ndsto~m insurant ~,taced on any of said buitd~ngs, any intt~est therein a pa~t Ihereof, untess in the (orm and with the loss payable aa aforesaid; and in Ihe event any sun ~ of money becot~~e~ payable under such poliq or policias s~~d MORTGAGEE ahall have ~he optiw? to receive and apply the same o~ accoum of the indebted t nc~ss secured hrreby or ro perm~t said MORTGAGORS to receive and use it o? any part thereof for oti~~•. purposrs, .•.~~iw~t ~h_nu~ wa~vi:ig ur en~pe;r- i ~~~y any equ~ty, Ifen or r(ght under w by virtue of this mo: •gage; and ~n the evem sa~d MORTGAGORS shall tw any reason fail to keep the said prem~sas so j I~,wr.:d, or fai~ to driiver p~anptl~ any of said policies o( insurance ?o sa~d MORTGAGEE, w fail p:omptly to pay fulty any pre~niu~n the~efor or in a~y respect fail to perform, d~scharge, executa, effecl, complete, compty wi~h and abide by this covenant, or any pa~t hareof, sa;d MORTGAGEE may p:ace a~~d ~ p.~~ for such insurance or any part thereof without waiving or affecting any option, lien, eq~:ty, w ngh~ unde~ o~ by virtue of this lwortgage, and ihe i„II a~noun? of each a~d e~~ery sucA payment shall be immed~ately due and payable and ihall bea~ interest from the date the~eoF until paid at the ~ate ot ! n:ne per cent~m per annum and to~ether w+th such interest shali be stwred by the lien o1 this mortgage. J 4. to permi?, commit w suffer no waste, impairmeM w deterioration of said property w any part Ihereof. a S. To pay all and s~ngula~ the coats, charges snd expe~ses, i~ciuding s reasonable attwney's fee and costs of abseracts of title, incur~ed or paid at ~-~y ti~t:c by said MORiGAG:E, because or in the eveM of the failure on t1+e part of the said MORiGAGOR to duty, prompny snd fully perform, d~xharge, ~xacure, effecr, canplere, comply w~rh and ab:de by each and every the sripulauons, agreements, conditions, and covenams of said promissory note and thie ,,o~rgag~ any or either, and sa:d costs, charges and expenses, each and every, shall be immediately due and payabte; whethe? w not th¢re be notite de~ ~•„nd, attempt to co~lect or suit pend~ng; and the fult a~nount of each and every such payment shall bea. iNerest from Ihe date thereof until paid at the r r o~ n~ne per centum ~r annu~n; and all said cos?s, charge: and eXproses inturred or paid, togrther w~th such interest, ahall be setured by the lien of thia mortgag2. 6. That ~a) in the event of any breach of this Mongage or defaulr on the part of the MORTGAGpR, or (b) in the event any of said s~ms of morYy herein rrferred to be not promptly and fully paid wifhin thirty (30) days next after the same seve~a?ty become due and payalle, without demand or eotice, ~ or (c) in the evem each and every the st~pulations, agreements. cond~~~ons and covenams of sa,d promissory note and th~s mo~tgage any or eirher a~e nof i iu:y, prompNy and iutly performed, d~scharged, executed, effecred, completed, compGed with and abided ~iy, theo in e~ther w any svch evem the said ag- ~r~gate sum ment~oned in said promissory note then remaining unpaid, with in~erest acuued, and atl moneys secured hereby, shall become due and pay- +~.e forthwith, or thereafter, at ths option of said MORTGAGfE, as fully and completely as if all of fhe said sums oi money we~e wiginally st~pulated fo be pa;d o~ such d:.y, anything in sa:d p~omissory note w in this Mortgage to the con~ra~y notwithstanding; and Ihereupon or thereafter at the option of s~:d MORTGAGEE, without nohce or demand, suit at law or in equity, therefore or thereafier begu~, may be prosecuted as if afl moneys secured hereby r.~d matured praor to its inst]lution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, or to fwetlose it, w 1o reform it, or to enforce ; a~ment oi any claims hereunder, said MORTGAGEE shall apply to the Court havi~g ~urisdiU~o~ thereof for ttie appointment of a Receiver, svch Court shaN i•_;; ~hwi~h appoint a r~eiver of said mortgaged properly all and singular, inc{ud~ng all and singu~ar the in~ome, prof~ts, iuues and reven~s from whatever s, •nce derived, each and every of wh~ch, it being expreuly undentood, is hereby mortgaged as if speuticalty set forth and deuribed in the granting and ,~':~endum cla~ses hereof, and such Receiver shaU have all tFx broad and effecrive funu~ons and povvers ~ri anywise entrusted by a Ccwrt to a Receiver, and s. ch appo;ntmeat sha? be made by such Court as an admitted equity and a matter of absolute r~ght ro sa~d MpRTGAGEE, and wi~houl reference to the _drquucy Or inadequacy of the value o( the property mortgaged or to the w~vency or insofvency of said MOR~GAGOR or the defendants, and that such ~e:•,rs, proiits, inco.ne, issues artd revenues sha!! be applied by such Receiver accord:ng to the lien or equity of uid MORTGAGEE and the practice of suth Court. 8. To du'y, prumpt?y and ful~y perform, d~scharge, execute, effect, complete, comply wi~h and abide by each and every the stiputations, agreert~ents, cor.ditions and covenams m sa~d promissory note and this mortgage set forth. 9. 7hat in the event the owne~ship of ihe mortgaged premises, w any part thereof, becomes vesfed in a person othe~ than the MORTGAGOR, the .'7RTGAGEE, its successors and ass~gns, may, wirlwut no~ice to the MORTGAOR, deal with such suctassw w successw in interest with referente to this ^ o•tgage and :he d_•ot hereby secured io the same manaer as with Mortgagpr wirhovt in any way vitiafing or d~xharging the Mottgagors' liability here ~.,~.Jer or upon the debt Aereby secu.ed. No sale of the Fremises hereby mortgaged a~d no forbearance on the pan of the 1AORTGAGEE w its successors or assigns and no eate~s~on of the time for the payment of the debt hereby secured given by the MORiGAGEE or its successors or ass~gns, stiall ope~ate re re+ease, d~scha:ge, modify cbange or affect !he orginal liability of the MORTGAGOR herein, eitlur in whole or in part. 1 10. It is speufkally agreed that time is of the essence of this tontract and that no waiver of any obligation hereunder or of the obligat'an se- cured hereby shaG at an~ time thereafter be held to be a waiver of tF~e terms hereol w of the instrvment secured herby. 11. In addn;e~ to ~he forego iig monthly payments of princ pal ar.d imerest required by the prom~ssory na!e secured hereb~, mortgagor covenants +~.d agrees ro ;>ay ro mortgagee v`ith each monrhly pay~nem an addirionat sum estimated by mortgagee to be equal to 1 j 12 of the an~ual cost of the follow- . A-Atl r~al prope.ty taxes tevied or assessed a9ainst th~ above desaibed real estate_ B--PRirt:~:J:RS OR fre and windstorm insurar.ce as herein requ:red to be carried on the improvemanrs silvate on the above described premises. l:-Prern+u:ns on svch mortg;ge guaranty ir.surar,ce as mortgagee shall from t me to time deem fit to tarry on the loan securecJ hereby. 1: ortgagee sha:l '.rc~n ti~ne to time ~otify mortgagor in writ~~g of the amount due and payable hcreund:r and suth s~rn shall thereupon be due and ;~u'e on the due dare of the next month:y payment and each wccessive momh thereafter ur.tit mortgagee shall notify mortgagw of a change in such ~unt. Such su~ns sha:l be app:ied by mortgagee roward the payment of real property tazes, insurance prem;ums, and mortgage guaranty insurance . -emiums. ~ IN \11TP:E~S '+':HER~Of, the said MORTGAGOR has hereunto sef Fis hand and seal the day and year firsf aforesaid. ' Signed, Seated and deti~tared in t1~ piesence of• l,J[f~tJC ~ = ~ a,, F i ~ , , ~ _ ~a~~ ' (Seal) ene Jus e Cole ! SiA7E OF FLORIDA ~ ' ~ ~JUNTY OF Sti. L12C~9 ~ ! 1 ' Before me personatty appeared ~?I1Z3 ~i~9 ri01@ a~ ~ Arlene Justice Cole . - h~s w~fe, to me well known and JcJawn to me to be ; the ind~viduais described in and who executed the foregang instrument, and atknowledy,ed befere me thal they exetWed the ~artt~,for,#he :putposea ~ rhrre~n expressed. And the said ~'~-@~ J1LSti~C@ t'i016 ' - ~ , { Lonza Otis Cole " ' ~ ~ t • s ~ e of the sa~~ ~ -~n a a e a0d ~ vate ~ c~.,m~nation by me taken separate and apart from i~e~ said husband, atknowledyed to and befwe me that she executed said inslrurr~itl f~ely,~d vofurr ~::-~:y and w~thout any compuision, constraint, apprehension, or fear of or from her said husband. - t_~ 3rd n~ v 2 WITNESS my hand and offic~al seal this- day of J Au 3~' A. 19~~ ~ t ;r ~ ~ ~ I Notary Public in and~for t State of }~~(~ge i My Commission expires: - TC~1 S Return To: First Federal Savings a loan Association Of Fort P.erce. Fori P;~rce, Fiorida z34sss - . 7his Instrument Prepared By Sj. H. RObe2'ts Jr. E1 tE0 4NJ REC~RQE~ s =i.lUClE yGUMTY F~ . First Federal Savings 8 Loan Association RQ~Ei. ='3cTR#s J" ~ of Fort Pierce , Florida CIERK C. :=~UiT ~O~Rt ; a~r.nR~ y~r,,? iE~ ,~p i ; Checked By .I~-~ ; Au~ 3 2 os PN'7t ; _ ~ eaaK 204 ~A~~ 2507 ~ ~ y- ~ ~ • ' ~ ~ ~