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Home My WebLink About0229 3. To p~ace ar,d ccn~~nuously keep on the bu~:d~ngs now or hereairer ~ituate on sa~d land and on ali equipmeM and penOna~ly cove~ed by this mor a9e, with all pren~~unu thareon pa~d in full, lire ins~rance in the ~suat sfandard polity form, in a sum aHproved by the MOR+GAGEE, and windsto [nsurancr in the usuat standard pot~cy form, in a sum approved by tFw MORTGAGEE, in such tompany or companies as the MURTGAGEE R+ d~~cu; and all lire and wfndstorm ins~rance policies on any ol said buildmgs, any interest therein or part thereol, in the aggre9ate sum aforesaid in excess ~hereof, s?,all :oroain ~he usual standard mor~gagee clause or such other clause as the Mortgagee may requ~re, making ~he loss under sa~d po c~es, each and every, pay:,ble to said ti\ORTGAGEE as its interrst may appear, and each and avery such poiicy shall be promptly ass gned and delivered ~ any heid by sa;d h?ORlGAGEE as fur~her security to said mortgage dabr, and, not less than fen (10) days in ad~ance of ihe exNiraf~on of each poGCy, ro d~ I;ver to said MORiGAGEE a renewal the~eof, toge~her with a receipt for the prem;um oi such renewal; and ihere shall be no f~re or windsro~m insurant p!ated on any of said 'uvild~ngs, any interest there;n or part thereof, untess in ihe (orm and with the loss payable as aforesaid; and in the event any sun of money becon~es payable undrr such poticy or poGcies said MORiGAGEE ahall have the opt~on to rece~ve and app•.y the same on account of the indebted ness sewred her~by or to pcrm~t said MORTGAGORS to reteive and use it a any p. rt the:eol for o:ii•,r ~;Ut~ OSrS, Yi~~hGUf th~~~ o f ~wi~~ ~3 c~ ~n+poir ing any equny, lien or -ight undr~ or by virtue of this mo:'gage; and in the even? sa~d MORTGAGORS shall 'or any reason iail ro keep the sa~d premisrs so ~nsured, or fail to drliver promptty any of said pohcies o( insurance to said MORTG/~GEE, or f~il prornptly to pay fuily any pre~»iwn therefor or in any respect fa~l to pe~(orm, d~scharge, execute, effect, complete, comply with and abide by this cove~•an•, or any part hareof, said MGRTGAGEE may place and F~~r fo~ s~ch inwr.;nce or any pa~f thereof without waiving a alfecting any option, Iien, equit~•, or righ~ under or by virtue of this Mortgage, and the i~ll a~nount of each a~d e~ery s~~ch payment shall be immediately due and payable and shall brar interest from Iha date thereof until paid at the rate ol •~,^e per c~n~u~n per a~~r.um and to~e~hrr with such intcrest shali be srcured by ?he lien oi this mortgage. 4. To pe+mit, commit w suifer no waste, impairment or deteriorat~on of said property or any parl thereof. 5. To pay all a~d singufar the costs, charges and expenses, including a reasonable attwney's fee and costs of abstracts of title, incurred or paid at ~•,y ti,ne by s,~d 610RiGAGEE, because or in the event of the ia~lure on the part of ~hr said MORTGAGOR to duly, promptly and fully pe~lwm, d~scharge. _~r~cure, effect, co~np;ete, comply w~th and ab;de by each and every ~he stipulat~ons, agreemeros, conditions, and covenants of said p~omissory note and this r.oiigag_• any or enher, a~id sa~d costs, charges and expenses, each and every, shall be immediately due and payabte; whether or not there be noti~e d~ n,and, atte~r.pt to co.lett or suit pend~ng; and the fuil amount of each and every such paymeM shall bear interest from the date thereof until paid at the • r•~ os n~ne ne. c~~ntum p~r annu:n; and all said co:ts, cha~ges and expxnses ~ncurred w pa~d, together wuh such imerest, shall be secured by ehe lien of this ~r.ertgage_ 6. That (a? in the event of any hreach of this Mortgage or default on tFw part of the MORTGAGOR, or (b) in the event any of sa:d sums of mo~ey F:~rein referred to be not promptly and fully paid wi~hin th~rty (30) days next aftcr the same severa!ly become due and payabte, without demand or notite, or tc) in rhr evem each and every the st~pu~ations, .agreemeNS, conditions and covenants of sa d promissory note and th~s mortgage any w either are not iuly, uromptly and lutly performed, d~scharged, executed, eifected, completed, compi~ed with and abided 5y, then in either w any such event the said ag ;~egate sum menrioned in sa~d pronussory note then remaining unpaed, with interes~ accrued, and atl moneys secured hereby, shall become due and pay- e forthwith, o~ thereafter, at the op!io~ oi said MOR7GAGEE, as fulty and complete~y as if ali of the said sums of money were o~~ginally stipufated re be pa:d on such dzy, anything in sa:d prom~ssory note o~ in this Mortgage to the cororary notwlthstandiny; and therevpon or thereafter a~ the opt+on of s,.d MORTGAGEE, w~rhout noT~ce or demand, suit at law or in eqwty, therefore w thereafier begun, may be pros~cuted as if all moneys secured hereby d ~natured p~~or to rts instit~hon_ ' 7. Tt,at in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to foreclose it, or to reform it, o~ to enforce ;~symfnt cif any ci3:ms hereunder, said MORTGAGEE shali appty to the Co~rt having jur~sdidion thereof for Ihe appointmeN of a Receiver, such Cour1 shall rc~rhw~th ap~,omt a rece~ler of szid morrgaged propzrty aIl and singular, includ~ng ail and singu~ar the income, proiits, issues and reve~ues from vrhatever ~~ce deriv~~d, each and every of wh~ch, it being expressly unde~stood, is hereby mortgaged as if spec~fically set forth and described in the granting and r:.endum ra~ses he~cof, and svch Receiver shai~ have all the broad and effective funct:ons and powen in anywise entrusted by a Court to a Receiver, and s ch arppintrncnt sha~I be made by such Co~rt as an admitred equity and a matter of absotute r~ght to said MORTGAGEE, and without re(erence fo the ..-i.y:,~Cy o+ inadeqvacy of the val~e of the property mortgaged or to the so~vency or insotvency of said MORTGAGOR or the detendants, and that such rs, proiits, inco.ne, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prattice of such Court. 8. To du!y, prompt!y and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, c:: ~d,sions and covenants ~n sa~d promissory note and this mottgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the :~RTGAGEE, its s~ccessors and azs~gns, may, without notice to the iNORTGAOR, deal with such successor or successor in interest with reference ro this ortgage ar.d the deut hcreby setured in the saMe manner as wifh Idortgagor w~tho~t in any way vitiating or d~scharging ihe Mortgagors' liability here- Jer or upon the debt hereby secured. No sale ot the premises hereby mortgaged and no forbearance on the part of the /1lORTGAGEE or its successws ;r ass~gns and no exrens~on of the t~me for the payment of the debt hereby secured given by the MORTGAGEE or its suctessws or auigns, ahall operate o re~ease, dacharge, modify change or affect the original Iiab~Gty of the lYORTGAGOR herein, either in whole or io part. 10. It is speuf~caiiy agreed fhat time is of the essence of this contrect and that no waiver of a~y obGgat~on hereunder w of the obligatan se- c~-ed he~eby shafi at any time thereaffer be held to be a waiver of the terms hereof or of the instrumero secured herby. . I 1. In ,;cid.tio.~ !o the farego ~~g month!y paym~nts of pri~c'pal and intzrest required by fhe prom~ssory no!e secu~ed hereby, morfgagor covenanis ~:i agrc_s ro pay ~o me-tgagee v~~th each ~T~onth?y pay: ;ent an add~rional wm est~n,ated by mortgagee to be equal to 1;'12 of the annual cost of the follow- A--A.1 real propertr ~axes levi=d or assessed againsl thc above described real estate. 6 F._~~. rs o~ fi.e ar.d windsto~n, insurar.ce as here~n req~;red to be carried on the ~mproveme~ts s~tuate on the above described premises. C-Pre~niums o~ such mortgage guaranty ir.surar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. blorraaoee sha:I fro~n time to time notiiy mortgagor ~n writ~ng of the amou~t due and payable hereunder and such sum shait tnereu~wn be d~e and ..:,b'e o~ th_ cl,,~ d.,te of th2 r.ext month!y payment and each successive month thereafter ur,til mortgagee shan nonry mortgagor oi a cnange in sucn I ,~~nt. Such s~~r.s sha.i be arp!ied by mortgagee toward the payment of real property taxes, insurance prem~ums, and mortgage guarenty insurante . :••niurns. ~i IN i71TNE55 L':HEREOF, the said MORTGAGOR has hereunto set his hand and seaf the day and year asl~ aforesaid. I Sign , Sealed and delivered in the presence of: ~ ~ ~ ' ~ - l, ~ - - - . t~itne ~ ` . . S. Richmond • d Witness r~ ~?~~~~,c ~~T ' Beulah Richmond s:~to~~a R/aNAK+NS TSCf?~v/~S . ~ ~ ~ ~rY S5. :.a~~r-oF N ~4 SS ~4 c( • ~ Before me personally appeared ~r. Q. M. S. Richmond s~ _ Beulah Richmond his wife, to me well known and known to me to be ir.dividuals described in and who executed the fpreyoing in trument, and acknowledged before me that they executed the same for the purposef ~ ~FC~ei~ expressed. And the said Beulah RICRIOOII~ ~ Dr. . M. S. Richmond •.:jc of rhe sa~d Q upon a separate and private .~.im:na~~on by me taken sepa.ate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volun- ~ :~y and w~thovt any comp~lsion, constraint, apprehens~on, or fear of or from her said husband. ~ W ITNE55 my hand and official seal this- 2 S~ • day of ' ~ A. D. 19 72 . ~~~J7~"~" • ~ r Notary Public in and for tMe Si ' r~M~r~l~~i' ~ _ Return To: ~ ` ~S~~n _ ~ _ •v ~ First Federal Sav~ngs S loan Assxiation , , ~ Cr iort P~~ce. P-~~~~ ~'*'l ~ Fort P~erce. Florid3 . ~ ~ ~ECUR'JED = ~ AH~ : ~ , ~ F1LE0 ~~UNSY FIA. t~ : S1.WC' - :OiTFIAS ~ ~„~',.......~,~~~?Y`~:. ~ R~ti ~:'::,Jlt COUa ~ ~ - ' - ~ This Instrument Prepared By RiChard K. Kayes `CCEc ~i ~~,_e~ ~ r' First Federai Savings 8~ Lcan Association a_f .a'> > " ' . ~~z~(~ J~` ' ~ • of Fort Pierce Florida 08 ; ' ~ c~p { ~ ~ ~ - YL1 ~ ~ r3 : v'r ~ ^ ' ° ~ Check~d BY . : ~»".:'"~~i . ~ ( , • ~ . • : .Z . . . 9 ~ ~ ~i 23'7439 SOCK ~VU F:4C[ ~S ' - , y r~ y- -~y.~.~_~ s - r - . - - - - .v._