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Home My WebLink About2796 s To place and continuousty keep o~ the bui'd~ngs now a hereafter ~~~vate on sa~d land and on ali equip~ncnr and pe~sonaUy covared by this ma ege, with all prem~ums thereon pa~d in full. (ire insu~ance in ~he usual stai,da~d po~icy (orm, in a sum app~oved by the MORiGAGEE, and windsto ~niurancr in the usual s~anda.d pol~cy iwm, in a sum ap{xoved Cy the MORTGAGEE, in such canpany or companies as the MORTGAGEE m d~red; and all fi~e and w~ndstorm insuronce policies on any of said build,ngi, any in~eres~ therein or part thereof, in the aggrega+e tum aforesa~d in eacess ?hereof, shall :ontain the usual standard matgagee clause a suth o~ha clause a~ the Mo~tgagee may requue, ma~iny the loss under sa~d po 6es, each and every, pay~bte to said A10RIGAGEE as ib interest may appear, and each and evary such policy shall be promptly ass gned and delivered i ; any held by sa~d h10R)GAGEE as lur~her security to said mo+tgage deb1, and, not leu than ten (10) days in advance of the expiration of each policy, to ck Lver to sa~d h10RiGAGEE a renewal thereof, togethN wi~h a raeipt fa ~he premium of suth re~ewal; and ~here shall be ?a tire or windsrorm insuranc ptaced on any o( sa~d bui!dings, any inrerest there+n or parl thereof, unless in the form and wifh the loss payable as aioresaid; and in the evenl any su~ ~ cf money becomes payable unde~ such poliq a policies said MORTGAGEE shall have Ihe opt~o~ to receive and apply the same on accounl oi the i~b~ed + ness secured hereb or to rmit said MORTGAGORS to reeeive and uu it p an art tAe:eof for other ' ~ Y P~ Y p purposes, v,;~ho~t ~h~rco~ wa~ving or ~n,pau ~ ~~g any equ;ty, l;en w r~ght under w by virtue of this mo:'gage; and i~ the evenl sa~d MORTGAGORS shall for any reason fail to keep the sa~d p?em~sas w ~nsurrd, or fail to Jeliver pranptly any of said policies of insurance to said MORTGAGEE, or fail promptly 1o pay fu!ty any prer:~ium rherefw or Fn any ~ reiFec~ (ail to perform, discharge, execute, effecf, complete, comply with and ab~de by this cevenant, w any pa~t hrreof, said MORTGAGfE may p!ace a^d pay fw auch insurance or any part thereof withou~ waiving or affectirg any optia?, lien, equ~ty, a ~~ght under or by virtue of this Mortgage, a~d the i~l! amount of each and every such paymenl shall be immediately due and payable a~d sha!! bear irtteresf from tbe date thereof until paid at the rate ol n~ne per cemum pe~ annum and to~ethr.r wi~h suth in:eres~ shali be seturPd by ihe lien o( this mortgage. d. To perrt~if, commit or suffer no waste, impairment w deterioration of said property w any parl thereof. S. To pay atl and singular the costs, charges and expenses, including a reasonable attwney's fer and coats of abstracts of tiUe, incurred a paid at any time 6y sa~d MORTGAG:E, because w in the event of the failure on 1he parr of the said MORTGAGOR to duly, promptly and fully pertwm, d~scharge. =¦ec~fe, effea, comptete, comply w~~h and ab:de by each and every the stipulahons, agreements, conditio~s, and covenants o( sa~d pomissory note and ~his :,,orrgage any or e~~her, and sa~d costs, charges and expenses, each and every, shalt be immediatety due and payabfe; whether or not there be not~ce dr mand, attempt to collett oi su;t pend;ng; and the tu~l amount of each and e~ery such payment shall bear iMeres~ from ~he date tFxreof until paid at the ~ te o~ nine per crntum par annurn; and all said costs, charges and expenses incurred or paid, together with such imerest, shall be secured by the iien of th~s _ mortgage. • 6. That {a) in the evertt of a~y b+each of th;s Mortgage w defaulr on the part of the ARORTGAGOR, w(b) in the event sny of satd sums of money her~in reierred to be not promptly and fully paid within thirty {30) days aeat after the same severatly become due and payabie, wifhoul demand w eotice, er (c) in the event each and every the stipuiafions, agreenne~ts, cunditians and covenants of sa:d prom;uory note and tA~s mortgage any or either a.e not i i~ly, promptly and fvlly performed, d~xharged, executed, effected, completed, compl~ed with and abided 5y, then in eiiher a any such evem the sa~d ag ~ 3rcgate sum mentioned in said promisswy note then remaining ~npaid, with interest accrued, and atI rtwneys secured hereby, shall become due and pay- ~ e~:a forthwith, or thereafter, at the opY~on of said MORTGAGEE, as futly and tornpletety as if all of the said sums of money were origina~ly s~iputated S ro bz pa;d on wch dey, anything in sa:d promisswy note or in this Matgage to the contrary notwi~hstanding; and thereupon p tfiereafte~ at ttx option of ~ s,:d MORTGAGEE, wi~hout notice or demand, suit at law or in equity, there(ore o~ the~eafter beg~n, may be prosecuted as if all rtwneys secured hereby ~z::d matured pnor to ~ts inslitution. 7. That in the event that at the beginning of or at any time pcnding any svit upon this Mortgage, or to foreclose it, or to retorm it, or to enforce ~ payment oF any ciaims hereunder, said MORTGAGEE shatt appty 1o the Court having jurisd~ction thereof for the appoinfinent of a Receiver, such Court shail ~ to::hwith appoiM a receiver of said mortgaged property all and singular, includmg all and aingular the income, proids, iuues and revenues from whatever s~~rce derived, each and every of wh~ch, it being expressly unders~ood, i: hereby mortgaged as if spec~ficaliy set iwth and deuribed in the granrirg a~d 1 r,:•~,endum cia~ses hereof, and such Receirer shall have aIl the broad aod effettive funchons and powers in anywise eMrusted by a Court to a Reteiver, and j s_:h appointment shall be made by such Court as ao admitted equity and a matter of absolute rigM to said MORiGAGEE, and without referente to the ~ a='•~~q~ocy or inadeq~acy of the vatue of the property mwtgaged or to the so~vency or insolvency of said MORiGAGOR w the defendants,. and that such r. ~rs, pro!~ts, inco~ne, issues and revenues shall be applied by such Receiver accorduig to the lien or equity of said MORTGAGEE aod the p?actice of such ~ Court. 8. To duly, promptly and fully perfwm, dixharge, execute, effect, compfete, compfy with and abide by each and every the stipulations, agreements, cor;d~t~ons and tovenants in sa~d promisswy note and Ihis mwtgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perspn othe? than the MORTGAGOR, the ':'ORTGAGEE, irs successors and assigns, may, wiThout no~ice to the MORTGAOR, deat wi~h such succeuor a successw in interest with reterertce to this mo; tgage and rhe debf ne~eby secured in the same manner as w]+h Mortgagor without in a~y way vitiating or diuharging the Mortgagors' (i~bility F~err ;:roer or upon the dett hereby secured. No sale of the Fremises hereby morlgaged and no forbearance on the part of Ihe MORiGAGEE or its successws ~ c~ assigns and no earension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or auigns, ahall operate ro reiease, d~scharge, modify change or affect the oreginal tiabi:fty of the MORiGAGOR herein, either in whole or in part. 10. It is speuf~calty agreed that time is of the essence of thts contract and that no waiver of any obl~gat~on hereunder or of the obl'gation se~ cu-ed hereby shal~ at any !ime thereafter be held to be a waiver of the terms hereof w of the instrumen~ secured heiby. - 11. fn add.tio? fo tl,e foregd~u~ monthly payments of princ'pat and inteiest required by the promisso~y note secured hereby, mortgagar covenants e~ d agrees ta pay to mortgagee nith each mortthly payrnpnt an add~~ional sum esUmated by mortgagee to be equal to 1/`12 of the annual cost of the follow- A-All real prop~.ty taxes lev~ed or assessed agai~st tfr_~ above descri5ed reaf estate. B--Pr~.r.:u•ns on fire and windsrorm insurance as herei~ requ~r~ to be carried on the improveme~ts situate on the above described premises_ C-Premiums o~ svch mortgage guaranty ir.surar~ce as mongagee shaU irom t~me to time deem fit to carry on the loan secured hereby_ blongagee sha!! frcm time to ti:ne notify mortgagor in writing of the amount d~e and payable hereundrr and such sum shall thereupon be due and ,.~bla on the dve ciare of rhe next month!y paymenr and eath successive monfh thereafter ur.ti~ mortgagee shall notify mortgagor of a change in such , ount. Sucn sums sFa:i be applied by mwtgagee toward the payment of reai property taxes, insurance prem:ums, and mortgage guaranty insurance . ~ , -e~niums. ~ iN \VITP~ESS ~:HEREOF, the said lNORTGAGOR has hereunto ut bis hand and seal the day and ear i' afa i Signed, Seafed and ' e~ed ' the prese ofe aq _ , a0 - - ~"1. i~ _ l yF ~NL~[~w ~Sea~ ~ , ~ - - - ,y J r~an , ST.lTE Of FLORIDA ~ ~ . S5. _OUNTY QF - S'~.• Il1C~A ~ ~ Before me personally appeared j0 T1 C T nstGne a~ _ TtI(iith ~T Tph~ .p]g his wife, to me well known and krawn:tp me to be f~ ind~viduals described i~ .and who exetuted the forcgoing instrument, and ackraw{edged before me that they executed the sar~e, iorj(~/~±pyrposes rF,._.e~n expressed. And the sa~d Judith J. Ohri3tOrie =t r`;1•~-.~' .''-s ~'c{ .r'~, :.;Fe of the sa~d TO t'1 r. TQ ri3 .O11A v~or~-~`s~tf~'P~~~» : c=am~nation by me ta4en separate and apart from her said husband, ackrawledged ro and before me that she executed f i~ vO~u and without an com ulsion, constraint, a ~/y~ ? Y Y P pprehe or fear of or from r uid husband. ~j:! / ~ • ~ j WITNESS my hand and official seal this day of 3 ~ q.pp. hF ~ ? q.. .d m~+ . - z Not ry Pubtic in and or Sfatr oG a~lar ; My ommiuion ex i~es: yJ • • ' ~ ` Return io: P / - S rry r• ~ • i First Federal Savir.gs a loan Association ,~~~~~r, ~ ~ r.~•~.... ~~n,,. 03 fo.t F~.ere?. Fort P~arce, Florida ~ ~~`~~~~~A~~~~~~~ c~~pK CIR~~~r cov~r This Instrument Prepared By Gal'y F. E11F10od ~F~a b yERIF1 p~~ First Federal Savings & Loan Association of Fort Pierce ~ Flol'~da o PM~'rz Checked Sy r~~ ! ~~Q4 ~ 1 ~ ~~~g.v~Y..~'=~"~ ~ ~ ~ 'i _ _ ~ ~Kc -~.v&r.. :a~'~ _ ~ ~~r~