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Home My WebLink About0514 3. To place and continuously i.eep on the tui:d~ngs now or herea(ter sit~ate on sa7d tand and on ali equip~nent and personally covercd by this mor aga, with a:l premiums ~hereon pad in i~ll, fire ins~rance in thc usual s~andard potity form, in a sum approved by ~ha MORiGAGEE, and w~ndslo ~nsurae~ce in iha us~al s~andard pol.cy form, in a sum approved by ~he A10RTGAGEE, in such con,pany or tompanies as thr htORTGAGfE m d~~ecr, and all fi~o and w~ndstarm inswance polrc7es on aey o( sa~d buiid~~gs, any interest therein or part thereof, in the aggregare sum aforesaid in excess Ihereof, shali contain the usual :randard mwegagee clause or such other clause as the Mor~gagee may requ~re, making the loss undr? sa~d po c;es, each and every, payabte to sa~d AlORTGAGEE as ~ts interrst may appear, and each a~d eve~y such po:icy shall be promptly ass gned and detivcred i any held by satd ~AORiGAGEE as furthrr srcvrity ro said mortgage debt, and, nor ~ess than ten (10) days in airante ol ~he expiretion of each poGq, to d~ fver ro sa~d MORiGAGEE a ~enewal thereof, together wi~h a receipt for the premium oi such renewal; and there shall be no fre or windsto~m insuianc placed on any of said buildings, any interesl therein or parl thereof, unless in ihe form and w~~h the loss payable as aforesaid; and in the event any sun ~ oi money becomes payeble unde~ such poliq or poliues said MORTGAGEE shall have the opt:on to rec•_ive and appiy the same on account of the indebted ~ ness secured he~eby or to permit said MORTGAGORS to reteive and use il w any part thrreof for otn.~r purt~oses, .v~thcut ih~r.o~ ,~v~~.f~3 cr ~~~~p~ir ~ ing any equ~ty, lien w righl under w by virtue of fhis mo~!gage; and in fhe event said MORTGAGORS shat! for any rcason fail to kcep the said premisrs so t ~nsvred, or fai) to deliver pranptly any of xaid pol~cie: of insurance to said MORiGAGEE, or fail pron,ptiy to pay iuIly any pre~~~~u~n therefor or in anY respeU fail to perform, d~scharge, execule, efFect, complete, comply with and ab~de by this covena,~t, o~ any part hareof, said MORTG~GEE may place and pay for such insurance or a~~y pan thrreof wethoul waiving w affecting a~y Option, lien, eav~ty, or right under pr by virtue of this Mortgage, and the full a~novnt of each and every such payment shall be immediately due and payable and shatl bear inter-rst from the date ~hereof un~il paid at the rate oi ~~~ne per tentum pet annum and to~rthar with such interest shali be secured by fhe liert of this mortgage. 4. To permit, tommi~ or suffer no waste, impaiiment a deterioration of said property or any part thereof. 5. To pay all and s;ngular the costs, charges and expenses, including a reasonable attwney i fee and costs of abstracts of title, inc~rred o~ pa~d at eny t~~r.e by sa~d 11nOR(GAG:E, because w in the evem of the failure on the part of the said MORTGAGOR to duty, promptly and fulty perfwm, d~xharge. ~xccute, effect, comptete, compty w~th and ab;de by each and eve+y the slepulaGons, sgreemeros, conditions, and covenants of said pro:nissory note and this ,,ortgage any or e~~her, and sa:d costs, tharges and expenses, each and every, shall be immediately due and payab:e; whether w not there be notice de~ rnand, atternpt to collect or s~it pend;ng; and 1he full amount of each and every such paym~nr shall bear irferest irom Ibe date the~eof until paid at the >e of n,ne per trntum p.:r annu:n; and ail said cos~s, charges and expenses incur~ed or paid, together w~th such interesl, shall be secured by the lien o( thia mortgage. 6. That (a) in 1he event of any breach of this Mortgage or defaull on thr part of the MORTGAGOR, or (b) in fhe event any of sa;d s~ms of money herein refened ro be not praoptly and fuUy paid within thirty l30) days oezt atter the same seve~atly become due and payable, wi~hout demand or notice, o! (c) in thr eveN eath and eve~y the stipulatio~s, agreements, conditions and covenants of sa:d promisso~y note a~d th~s nwrtgage any w either are oot i~ty, pro:nptty and fu(ly perfo~med, d.scharged, eaecuted, effected, completed, complied w'nh aod abided 5y, then in e~ther or any wch evem the sa:d ag 3~egate sum mentioned in said prom~sswy note Ihen remaining unpaid, with intere;t atuued, and atl moneys secured hereby, shall become due and pay- ac'e forthwith, or therea{ter, at ihe option of said MORTGAGEE, as fully and completety as ii all of the said s~ms of money we~e oregi»ally st~puiated te be pa;d on s~ch day, anything in sa:d prmo~ssory note or in this Mortgage to the contrary notwithstand6ig; and thereupon or thereaiter at the opi~on of s::~d MORTGAGEE, w~rhout not~ce or demand, suit at law a in equity, therefore w the~eaiter begu~, may be prosetuted as if all moneys secured hereby r.~d rtiatured pr~ot to ~ts institution. 7. lhat in the event that at rhe beginn;ng of w at any time pending any suit upon this Mo~tgage, or to fweclose it, or to reform it, or to enforca ~~ayment.of any cla~m= hereundar, said MORTGAGEE sha!! appiy to the Court having jurisd:ction thereot for the appointmem of a Receiver, such Cour1 s6ai1 Fcrthwrti~ appoi~t a receiver of said mortgaged property atl and singvlar, ~n~lvd~ng all and sinqulai the ir.come, prof~ts, issues and revenues from whatever sa.,rce ~priyed~ each and every of which, ~t be~ng eapressly understeod, is hereby mortgaged as if spec~ficafly set forth and described in the g~a~ting and !,3i~end~;ila~es F~reof, and such Receiver shall have ali the broad and effect;ve funct~ons and powers in a~ywise entrosted by a Court to a Receive+, and s,cl~ a~po'reytA~¢nr r~al! be made by such Court as an admitted equity and a r.wtter of a4solute rigM to said MOR7GAGEE, and wi~hout re(erence ro the a:1~qu;c~r Q?~~nadey uacy of t~e val~e of the property mprtgaged or to the so~vency or insofvency o( said MORiGAGOR or the defendants, and that such r..-„s, p/otitf,aincqjpe, issues and revenues shati be applied by such Receiver accord+ng to the lien or equity o! said MORTGAGEE and the practice of such Court. (T s• ' 8.~ romptly and fully perform, discha+ge, execute, effect, complete, ~comply w~th and abide by each and every the stipulatio~s, agreements, ;onditib nanrs :n sa~d promissory note a~x! th~s mortgage set iorth. rt9~ t r the event the ownership of the morrgaged premises, o~ any part thereof, becomes vested in a pe~son o~her ihan the MORTGAGOR, the %'.QR7G~ s luccessors and assigns, may, without notite to the MORTGAOR, deal with such successor or successa in interes! with ~eierence to th~s ~~'o~~i ~ Q~ d_ot hereby secured in the same manner as with /:lortgago~ w~thout in a~y way vitiating or d~scharging the blorrgagors' liability herr ~ n. e debt hrreby securEd. No sale of the premises he~eby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or ~n ~ Exrensio~ of rhe time for the paymem of the debt hereby sec~red given by the MORTGAGEE or its successors or au~gns, a~iali operate to ~l~~+d~s rge, mod~fy change ar affect the orig~nal liaoility of the AM1ORiGAGOR herein, either in whole or in part. 1~It ~spec~fica!!y agreed that time is of the eue~ce of this contract and thal no waiver of any obl~gat~on hereunder or of the oblgation se- c~fld e~by sF!!i at any time thcreafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. ~~11~ In ~dn:o~ to the forego ng monthly payments of princ pal and interest required by the prom~ssory no!e secured hereby, mortgagor covenants a~~ Q9rees to pay to mortgigee v.ith each monthly payr:~eN an add;rional sum estin:ated by mortgagee to be equal to 1;'12 oi ihe annual tost of the follow- ~ A-All :eal property taxes Icvi~d or asses:ed agai~st thc above described r~al estate. E- Pra~r.!ums o~ f~re and v~indsto~m insurar.ce as herein reqv~red to be carried on the improvements situate on the above d°scribed premises. C-Prerniurns on such mortgage guaranty ir.surence as mortgagee sha)! fro~ t~me to time deem fit to carry on the loan secured hereby. tdo+rgagee sF,a:f frcm t~me to time nonfy mortgagor in writ~ng of the amou~t due and payable hereundrr and such sum shali thereupon be due and ,ab?e on fhe d~e d.:te oi ihe next month:y payment and each soccessive month thpreafter urail mortgagee shall not~fy mortgagor of a change in such •-.o~nt. Such sumz sFa:l be app!ied by morrgagee roward rhe paymenf of real property tazes, insurance prem;ums, and mortgage guaranty insurance c~emiumS. IN ~'~lTP~ESS '+•rHERiOF, the said MORiGAGOR has hereunto set his hand and seal the day and year firsf aforesaid. n5igned, Seafed an~.d~tiver~n the presence of: ~n~~ I / ~ ~ C~ f ~G~.h ^ ~T • ~ ' ~Jeal) - (Senq - - - (Seaq ~ ' Si;aTE Of FLORIDA ~ I SS. ::OU!JTY Of St. ~cie ~ Before me personally appeared M03@S Aaron 1'~@~.tiOTl s~ ~ Redetha A. Melton ' - his wife, !o me weU known and known to me to be ~ tF,_ individuals descri~ed in and who executed the foregoing instrument, and tknowledged before me that they executed the same for the purposes 'h°~2~~1 expressed. And the said Redetha A• ~'Se~tOII r.:fe of the sa~d ~q@3 aPOri 1tn?'~ upon s separate and private e~aminat~on by me taRen separate and apart from her said husband, atkrawiedged to and before me that she executed said instrumeri? fleely snd vofurr ; 'a~ny ar.d v,ithout any compu~sion, constraiat, appreher~sion, w fear of or from her said husband. ~ WITNESS my hand and official seal this V?~ da of ~ ti@ 2 ; Y ~ ~ A: A. 19~- • ~ ~ No ry Public in and or State o/ yp}ida a~ Larqe My Commission expires: ~ Q' . ' Retwn To: ~ f ~ First Federal Savings d~ loan Association " 3 Of fur~ P . • ' . } Fort P~_rce. Fto.;da ' AND `~EGOFIDE~ f{I.ED t`I F~~• - - St. a~E~ Pa j~ 08ftt ` - . ` This tnstrument Prepared $y J. H• Rober~t~Afp~~u?t~ ' i First Federai Savings 8 Loan Association RECQA~ ~~p ~ EO ; of Fort Pierce~ Florida ; S~ ~ ~ 23QK'1Z o ~s~ Checked By 800K ~V~ PACf t~,,~ • 23'~623 ~ 1 ~ ls ' ~ s~. . , _ - . ~ s ~ _ _ , ~ ~ _ ~