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Home My WebLink About1268 3. To p:ace and continuously krep on ~he bul:dings naw w hereaf~e~ siruate on sa~d land and on aC equ~pmrnt and personally cove~ed by this ma ege, w,rh ati prem~,,~~~s ~he~cun pa~d f~lt, f~re i„wranca ~n ~he usual sra~~dard poGcy (o~m, in a s~m a~:prowed by the MOReGAGfE, and wmdsto ;nsurante in tha ~swl arandard po:.cy form, in a svm approveo by the h\ORTGAGEE, in suth tornpany or tompaniea as ~he A1pRiGAGEE m d~rect; and all feie and w:ndstorm insu•ance pol~cies on any of said build~ngs, any interesl therein or parl thereo(, i~ the aggrega~e sum afwesaid in eaceu ~hrreof, sheN ;ont;in the usual s1a~~J~rd moitg.~gee dause or such other ciause as Ihe Mortgagee may requ~ro, making the lois undr~ sa~d po c~es, each and every, pay~bte to sald h10RTGAGEE as ~ts imarest may appear, and eath and every such po~rcy shall be promptly ass gned a~d deGvered i any held by sa~d PSOkIGAGEE as fur~her security to sa~d mortgage dcbt, and, not less lhan ten (!0) days in ad~ance of the ezpiration oi each pol:cy, to d~ ~~ver to sa~d fdORTGAGEE a renewal Ihereoi, together with a rece~pt for the premium of such renewal; and Ihere stwll be no f~re o~ windstonn inswanc placed on a~y of sa~d 'o~ildings, any interest therein w part ~hereof, ~n!ess in tF~e form and with the toss payabte as a(oresaid; and in the event any su~ of money brcornes payable ~nder wch policy o~ policies said MORTGAGEE shell have rho op~~on ro rec_•ive and apN!y ttie same on account of the indrb~ed ness sec::red hc~rby or to pcrmit sd~d rnoetGAGORS t0 reteive and uSe it w any part thereof for o:i~er pur{~osrs. ~v~Iho 1 Ih_~.oi w~wi.i~ o~ u~ipwr ~nq any equ~ty, Gen or r~ght und~r w by virtue of this rt,o:rgage; ar.d in the event sa:d MORiGAGORS shall .'or any reason iaif to kcep the said premiscs so ~nsur~d, or fail to de!iver promp~ly any of said pol;ties of insurance to said MORIGAGEE, o~ iail promptly to pay fu~;y any premi~m therefor or in a~y ~esprct fai~ to perfe~m, dntharge, execute, effect, completa, comply wi~h and abide by this tovenam, or any part hareof, sa+d MORTvAGEE may piace a~~tl par for such insw.,nce or any part thereof w~rhout waiving w affectirig any opnon, lien, equ~ty, or r~~ht under or by virtue of thts Mor~gage, and the f„II a~nount of each and e.ery i~ch payment shall be immediately due and payable and shail brar iNeresl from the date thereof until paid al ~he rata ot ~~~ne pcr ceni~rn per annu:n ond to~,rii~•r with such inter~lt shali be aecvred by the lien of this mortgage. ' 4. To permir, commit or suf(e~ no wasle, impairment w deter;ora~ion of said property or any part therrof. S. To pay all and s~ngular the costs, cha~ges and expenses, including a reason~ble att«ney's fee and costs of abstracts oF title, incurred or paid at ~ny tur.e by sa~d MORTGAG:E, because w in the event of the failure on the parl of tlx said MORiGAGOQ to duly, prompdy and futly pertorm, d~scharge. =.ewre, eifecr, comptere, comply w~th a~d ab:de by each and every tbe stiputaf~ons, agreements, tondit~ons, and tovenants oi said promissory note and this ~:or~gage any or e~ther, and sa:d costs, charges and expenses, each and eve~y. shall be immrdiatefy due and payaL-!e; whe~her or not ~here be notice dz n~.ind, atterr.pt to co.Iec? or suil Fend~ng; and the full amouM of eacA and every such payment shall bea~ imeres? trom Jhe date thereof until paid at the •r o~ n~ne per crnsu~n ~.~-r annum; ~nd aU said costs, charges and exxnses incurred or paid, togrther w~th suth interest, shall be secured by the Ilen of thif mortgage_ 6. That (a) in the event of any breach of this Mortgage or defautt on tM par! oi the M.ORTGAGOR, ar (b) in the event any of sa:d sums of money !:cre;n ref~~rrrd ro be not pron,p~iy and fuliy paid w~th~n ih~rty (30) days nex~ air~r the same severa':y become due and payable, without demand or not~ce, ~r in thr event e~ch and every Ihe slipulations, agreemems, tonditions and covenants of sa:d promissory note and th~s mortgage any w either are not j~~'v. promptly and futly per~ormzd, d~scharged, execured, elfe~ted, completed, compGed with and abided 5y, then in e~ther or a~y such event the aaid ag a•.~gate svm m2nt:oned in sa~d promisswy note then remaining unpaid, with inte~e>t accrued, and ati moneys setured hereby, shall become due and pay- e for~h,vith, or the~eafter, at ~he opr;on of seid MORiGAGEE, as fuliy arc! compterety as if alt of thr said sums of money wese originslly st~pulated ~ b= p.a.d on such dcy, anything in sa.d pro:n~sswy note or in this Morrgage to the conerary not,+v~thsrand~ng; and thereupon or thereaiter at the option of s,!~.402TGAGEE, w~rhout not~ce or demand, suit at law or in equ~ty, therefore or thereairer begun, may be prosecuted as if ail moneys secured heroby ~ ma;~red pnor to ~rs institutron. 7. Ihar in tne evenr that at the inn~n of or at an time nendi ~ ~ beg 9 y ng any suit upon ~ih~~,~prtga9f• a~to`foreclox it, or to reform it, or to enforce ;„m~nt oF any ~i,~ims hereu~der, sa~d MORTGAGEE shall apply to the Caat ~avi~y ,juriidkfion thereof fw the apNomtment of a Re~eiver, such Court shail ~crrfi.vifh apF;oint a receiver of said mortgaged property aN and singular, inclJe'!~~$qfand singular the income,_profita,'iuues and revenues frOm whatever s: „•c,~ d~rived, e~ch anJ every of wh.ch, it being express!y un~e~sfood, iy Fi1~t~ir~p~gesl y~i~s~t~~~}1(iy~Xqqr~b and described in the granting and h•'~r:~.dum c,a~ses h~~rcof, and wch Receiver shall have alt the broad and eff~p~~~toir~s-er~d ppvr~~a iwaQ ~+~se entrusted by a Court to a Receiver, and s ch 3pcointme~~1 shaVl be made by svch Court as an admiued equity aud a matter of absolu~e rigM to sa d NIORTGAGEE, and without refere~ce to the a;ieq:;;cy or inadeqvarr of ihe val~ of the properfy mortgaged or to the so~vency or insoivency of said MORiGAGOR or the defendants, and that such r~-~TZ, profits, i~co,ne, issues and revenues shal! be applied by-wch Receiver accorduig to rhe tien or equity of said MORiGAGEE and the practice oF such Court, B. To d~:y, Frompt:y and fu!~y perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, '.~•cl~;~ons and covenants ~n sa~d promissory note and this mortgage set fwtEi. 9. Tha? in the event rhe ewnersh~p of the mortgaged premeses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :"RTGAGEE, its s~ccessors and assigns, may, without notite to the MORTGAOR, deai wi~h such successw or successor in interest with refererte to this ~~~sge acd the d.bt hereby secured in the same manner as w~th f~4ortgagor without in any way vit;atirg or d~scharging the Mortgagors' liability herr ..i;r or ~pon the debt hereby sec~red. No sa!e of the p.emises hereby mo.tgaged and no forbearance on the part of the d10RiGAGEE or its successors as~~~ns and ~o exrens;on of the hme foi tne payment of the debt hereby secured given by the MORTGAGEE or its s~ccessots or assigns, ahall operate a re~ease, d~scharge, mod~fy change or affect the originat liau~l;ty of the M.ORTGAGOR herein, either io whofe or in part. !D. !t iz spec;ficaiiy agreed that time is of the essence of this contract and that no waive~ of any obl~~ation hereunder w of the obligatan se- wred here6y sha:: a~ any time rhereafter be held to be a waivQr of the terms hereof or of the ensnumero secwed herby. - t 1, In ,;ud r:oi ~o the forego'ng r~~on~hly paym:ms ot p:inc paI and interest requ~red by the prom;ssory no!e xcured hereby, mortgagar covenartts d ag-ees re pay to ~~~rrgayee a~th each monthly pay,,ie~Tt an add;:~onal sum esfl.,,ared by mortgagee to be equal to 1, 12 oi the annual cost of the fotlow- A-All rcal proprrty taxes lev~ed or assessed agzinst the above dewibcd real estate. B- Fr_~~ c~s on f~re ar:d v~indsiorn ~ns~racce as herein req~:red to be ca~ried on the :mproveme~ts situate on the above described premises. C--Prc;.:~~r~:s e~ svch m.arrgage guaranty ir.swa..ce as morfgagee shail from t:me ro time deem fit to carry on the loan secured hereby_ M,or~gagee s~~->!' .'rom t~~.:e te t~me narify mortgager ~n wriring of the amo~nt d~~ and payable herzundrr and such surn shall thereupon be due and ..-i::e or th~ c?ue ca!~- oi rhr next month!y payment and each successive month rhereaiter ur.tit mortqagee shall not[fy mortgagor of a change in such ,~nr. Such su:ns s~ a.i t:e app:icd by mortgagne toward the payment of real proFerty taxes, insurante prem:ums, and mortgage guaraNy inwrance • ni~,ms. iN ~11T~~E$S '.'1HEREOF, the said MORTGAGQR has hereunto set his hand and seal the day and year first aforesaid. S:gned, Seated and detiv ed i~ the presence of: C. , ~ ~ cx- 1` ~ ' ~ ' Seaq Elizabeth V. Morto , a widp,~p lSeal) - - (SeaO S~.~TE OF FIORlDA ~ S L- tti lg ~ :.JUNTY OP ~ ; Before me personally appeared Elizabeth V. ~'~OItOIl~ 8 fi2C~01~ i his w;fe, to me we11 known and known to me to be i ~ ind~.+dua! desaibed in and who executed the foregoing instrument, and acknowledged before me thatghe,r ezecuted the'same fw the purposes rF~.e~n expressedr-fLnd~Mx~a+d- - - r+4 -oF ~he ~sat~ spsw- ? ~epa.alr sn~ pr:wt~ ~~.+ra.natiow by.+w ~a:cx~s4pasa~.awd.ip,aa 1raw. J~w-said kMS6aod.•~dcAa~iedged ~o-and ~for~.+n~ J?~f..sh? vcocrsQd saiti.wstnrwewtlseoi~a a~w4+a '+r..r ind x..~hcw~a~y -caru~w'aioa~ cowslraipt,. approhQ-J~ dea~ af-oc lrcrw i~ saidbua~b~and.. WITNESS my hand and official seal this_ _ day U US t • q~,8• • ~9• i ` ~ ~ i C~.~ - Notary Public in a or the ate o ida ~at LSt~e 3 i= ~ My Commission apires: 1jq ; ~n ~ in ~ `t ' ' ' ~ Retur~ To: • ` .Si,':~^f~~?~~UatjAQ6~ r,~v ~~•,.,,~f~,..~~r,;} ; ~._G: ! First Federal Savin~s 3 loa~ Association . 19$ BonGeC ii:r G-4?:_t• '.~:~r.ce Of Fort P_:~.~. 1~ j "'iny~i~r}~~- 7s ~ \ Fcrt P~_rrce. Ftcrida v "r .i.{. i 1 ~ ~ ~ . . . , i ~ . . . . i . s f lE0 Aj~~ ~ECORDEO Th~s Instrument Prepared Sy; ,l, H. Roberts~ Jr, 5~•lUC1E COUjaAS`A ' First Fede~a! Savings & Loan Association p~"E~ ' of Fort Pierce ~~EzK C1~CU~j COURT ~ , Rlorida 33450 qEteP ~vEF'~~ED Checked By ~ 2~ ~ 59 PM ~~~~CQsn ~ U R 2 .~c~ v BOOK, ~ ~~5 PACE~2~ ( lh) ~ u,~ s..r__ ~ . _ w,~~ - - - - - ;fz ~ ~ _