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Home My WebLink About1928 3. To place and coroinuously keep on the bui'd~ngs now or hereafier ~ituate on said land and on att cquipmrM and personally covered by this ma ege, with all prem:ums the~eon po~d in (~11, fire insuranc~ in tha usual star.dj~d po'icy fo~m, in a sum approved 'oy the MOR~GAGEE, and winds~o ~nsurance in tha usual standerd pol:cy form, in a sum spproved by the MORiGAGEE, in such company o? tompan~es as the h10RTGAGEE m direct; and alI fi~e ar,d w~ndstorm insurance po~~t~es o~ any of said bu~fd~ngs, any interest Ihe~ein or parf thereof, in the aggreya~e sum aforesaid in excess thercof, shall cor~h;in the usval standard morigagee c~ause or such o~her clause as ~he Mortgageo may requ;re, making tha loss undr? sa~d po ues, each and every, payab!r to said A~ORiGAGEE as its imerrst may appear, and each and every such po:~cy shall be promptiy ass gned and delivared ~ any held by said 610RfGAGtE as furtha~ security to said m,urtgage debt, and. ~ot less than ten (10) days in ad+ance of 1he exp~rat~on of each pot~cy, to d~ Gver to said MORIGAGEE a renewal thereof, toge~her wi~h a rece~pt for the premium of such renewal; and there shall be no f~re o~ windsto~m insuranc placed on any of said buitdings, any interest there~n w psrt thereoi, unless in the for~n and with the loss payabSe as afo~esaid; and in the event any~1~, of money becomes payable under such policy a pol~cies said MORTGAGEE shall have the opt~on to rece~Ye ~nd opp~y Ihz same oo accow~t of ~he i~~dabtrd- nass secured hrreby o~ to permit sa~d MORTGAGORS ~o recaive and use it w any pa~t ~ha:cof tor o;i~~ i~;~r~os~•z, ,.~~i~o~t th~..u~ .vcr.~+~ cr ~~t~p~~~ ing any equ~ty, lien oi right u~der w by virtue of this mor•gage; and in the event sa~d MORTGAGORS sh~ll Eor any reason fail to keep Ihe sa~d p~emises so insurad, or (ail to deliver promptly any of said poGcies of insurance to sa~d MORTGAGEE, or fail p:omptly to pay fu~ty any premwm therefor or i~ a~y respect iail to pertorm, d~scharge, execure, eifecL complete, comply wi~h and ab~de by th~s covenant, or any part ha~eof, sa~d MGRTGAGEE may p~ace a~d pay fo? such ins~rdnce or any part thereof wi~hout waiv~ng or affecting any opt~on, lien, equ~~y, or r~gh~ under or by virtue of th~s Mwtgage, and the fu11 arnount of each and every such paymeM shall be immediatety due and payable and shall bear interest from tha date ther.of until paid at the rate ol nine prr cenwm per annum and to~ether with such interest shali Ge srcured by Ihe lien of tfiis mortgage. 1. To permit, commit w suffer no waste, impairment w deterioration of said property w any part thereof. S. To pay all anrl singular the costs, charges and expenses, including a reasonab!e attorney's fee and costs of abstracts of title, incurred or paid at any tin:e by sa~d MORTGAG:E, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. =xecute, rffeu, canpiete, comply w~th and ab:de by each and every the stipulahons, agreements, co~dit~ons, and covenanfs oi said promissory note and ~hia mortgage any or e~ther, and said cosrs, charges and expenses, each and every, shall be immediatefy due and payab!e; whe~ha~ oi not tnere be notice de mand, atrempt to collcct or suit pend~ng; and the }ull amouM of each and every such paymem shall bea~ imeres~ from the date thereof until paid at the. r,;re of n~ne per centum per an~~v:»; ond all said cos~s, charges and expcnses incuned or paid, toyether wah such iNerest, shall be secured by the lien of tks mortgage. , ~ b. Thaf (a) in the evenl of any breach of this Mortgage or default on tFw part of the MORTGAGOR, or ib) in the event any of sa[d sums of money . herein referred to be not promptly and fully paid wifhin thirty (30) days nezl after the same severa~ly become due and payable, without demand or nonce. or (c) in tha event each and every the stiputa:ions, agreements, cortd~tions and covenaNS of sa d promissory note a~~d t~~s morlgage any or either are not ~uly, promptly and fu~ty pertormed, d~scharged, executed, eifected, completed, compl~ed with and ab~ded 5y, then in either or any such evero the aaid ag ~regate sum me~~ioned in said promisswy note then remaining unpaid, with intere;t accrued, and all moneys secured hereby, shall become due and pay aole forthwith, or thereafter, at the opt~on oi said MORTGAGEE, as fully and complete~Y as ii all of ti~e s3~d sumi of money were onginally sripu:ated te be pa~d on s~ch day, anythir.g in sa:d pro:n~ssory note or in this Mortgage to the contrary ~otwithsranding; and lhereupon or thereafter at the op~~on of s~:d MORTGAGEE, without nor~ce or demand, suit at law o? in equ~ty, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby n:d matured pnor to iis fnstit~tion. ~ 7. That in the eve~t that at the beginning of or at any time pe~ding any suit upon this Mortgage, w to fo?eclose it, or to reform it, or to enforce p~yment oF any c~aims he~eurw~er, said MORTGAGEE shail apply to the Court having jurisdict~on thereof for the appo~ntment of a Receiver, such Court shall icrthwith appo~nt a receiver of said mortgaged prope~ty all and singular, includ~~g atl and singuiar the irtcome, prol~ts, issues and ?evenues from whatever source derived, each and every of wh~ch, it being expressly unde~stood, is hereby mortgaged as if spec~ficaily set forth and desuibed in the graroing a~d !„bendum clauses hereof, and such Receiver shai! have all the broad and effective fur,ct,ons and po.vers in anywise entrusted by a Cou~t to a Recaiver, and s. :h apFointment shall be made by such Couit as an admitted equity and a matter of absolute r~g~t to said MORIGAGEE, and without reference to the r.dequacy or inadequacy oi the value of the property mortgaged or to the sowency or ~nsolvency of aa~d MORiGAGOR or the defendants, and that s~ch r:•~,rs, profits, incane, issues and revenues shall be applied by such Receiver accordmg to the Iien or equity of said MORTGAGEE and the practice of such Court. 8. To d~!y, prompt;y and (u11y pe~form, discharge, execute, effect, complete, comply with and abide by each and eve?y ihe stipulations, agreements, :ondiYans and covenants ~n sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any parf ihereof, becomes vested in a person other than the MORTGAGOR, the •:.ORTGAGEE, its successors and ass~gns, may, wi+hoW noTice to the 610RTGAOR, deal with such wccessor or successw in interest with reference to this n o•tgage and the debt hereby secured in the same manner as w~th Mortgagor without in any way vit;ating or d~scharging the Mortgagors' liability here- ~nder w upon the deb~ hereby sec~red. No sate of the premises hereby mortgaged and no forbearance on the part oi the /110RTGAGEE or its successors o~ assigrzs and no extension of the t~me for the payment of tne debt hereby secured given by the MORTGAGEE or its successors or assigns, a~iall operate ~o reiease, d~scharge, mod~fy change or affect the orig~ral liabif~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~ficatiy agreed that time is of the esse~ce of this contract and that no waiver of any obl~gat~on hereunder w of the obligation se- wred hereby shali at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In adda~c~ to the forego n9 month!y payments of princ pal and interest required by the promisscry no!e secured hereb~, mortgagor covenants d agr~es to p~y to ~r.ortgayee v ith eac!~ momh!y pay~,.erit an add~~ional sum est~n,ated by morryagee to be equal to 1.: 12 of t:~e annual cost of the follow- ,;,3_ _ ~ A-Alt real prope.ty tax:s levi~,a. or assessed agai•~st th~ above described reat estate. 6--Pr;:~n~;,~:,s o~ fire and windsto-m ~nsu~arce as nere~n requ:red to be carried on the ;mprove~nents s~tuate on the above d~sc.~bed prem~ses. i C-Prem~~~.~s on such mortgage guaranty ir.surar.ce as morrgagee shall from t~me to time deem fit to carry on the loan secured hereby. ! btiortgagee sha~! .'rom ri~ne to t~Te notify mortyagcr m writing of the amou~t due and payable he~eundar and such sum shall thereupon be due and f ,;ab'e on fhe d~z da~e of ~he ~~ext month:y payment and each successive month thereafter ur,tii mortgagee shall notify mortgagor of a change in wch E ount. Such sum.s sF.a:l be app ied by morrgag-_e toward the payment of real property taaes, inwrance prem,u:ns, and mortgage g~aranty insurance cr.•ermums. IN \VITNESS '.rH ~OF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afw~said_ ' F Sig led d livered in the presence of: _ L- ~ - Seat) ' • Q W 11118 5 ~ (Sean ~ - , L~'~~.c,~ G~~ al) ~ _ Patricia Williams ~~aq S~ ATE OF FlORIOA 1 St Luc ie } COUfJTY OF • ~ Before me personally appeared J• 0• W1111~IDS and Patricia W1111~S his wife, to me well known and.,~nown'to me to be tna ind~viduals described in and who executed the toregoing instrument, and acknowiedged before me that they executed the same'for, tha'pOrposes the,ein expressed. And the :a~d_ patrieia W1111dmS ~~S' h-~te of the said J• ~V1111dID5 _ upoa~se~ardtrarrd pnvate exam~nation by me taken separate and apart from her said husband, atknowledged to and before me that she ezecuted s5id~fruhient tree(y and vol~n- ~a-~iy and without any compulsion, constraint, apprehe io w a? of w from ixr ' husband. ~ .:'.~X ~ WITNE55 my hand and official seal this__ ~ day of_ Se teID~er v~.,. ~ ~ p 14 ~2 ~ - ~ - -a = ~ Notary Public in and for thb ta~p~of Fbr' ,N~J~g~' My Commission expires: • \ ~ Ret~m To_ NOTARY PU~C, . A~ of•~L~R{pq at IARGE First Federal Savings S Loan Associat;on Ytl COMMISSION EXPIRES SEPT. 25. 1975 ~ BonCed By American Bankers Insurance ~o. pF Forr P„rce- ~ fort P~crce. Florida ~ ~~4QCIE CO~N ~ This Instrument Prepared By : J. H. Roberts~ Jr. ~ First Federal Savings & Loan Association I~OGE~ P~1TR~~ ~ ~ of Fort Pierce ~ Florida 33450 REGpRO VERRFIE~ CQ~RT, - Checked B~r~ ~ 2~ 4 11- ~M ~ z3ssz8 ~y Ro~K ~ Pacf 19~J ~ in> _ ~ - y~°~ .T~-'~`~" yy~Di,r-.~."....L y"!'-".._ ~ ~ . ^~:C~i-~~$~