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Home My WebLink About2688 ; 3. To p!ace and cor,r~nuaus~y keep on fhe bu~:dings now a he•eafte~ ~ituale on said land and on all equipment and persona~ly covered by thit ma a9e. w~rh all prem~un:s the~con pa:d ~n full, f~re insurance ;n ~he usual sTandard policy form, in a sum approved by the MOR~GAGEE, and windsto ~nsurance in ~he ~sual sTandard pol,cy form, in a sum approved by the MORTGAGEE, in such company or campan~as as ~he MORTGAGEE m duecr; and all fire a~d wlnds~orm i~swance poGues on any of sa~d budd~ngs, any interest therein or part rhereof, in the aggregaee sum aforosaid in eacess rh~~~rof, 3h~11 ;om,~;n ~he usual s~andard rr.ortgagee clause or such mher dause as the Mortgagee may reqwre, making the loss under aa~d po c~es, each and eYe~y, pay~bte to sa~d 1~1ORTGAGEE as ns ~mrrrst may appear, and each a~d every such poilcy shatl be prompuy ass gned and de7ive+ed ~ any he(d 6y s.~~d ORlGAGff at further se<urity ro said n,ortgage debl, and, not Iess than ten (10) days in advance of Ihe expirat~on of eath poNCy, to d~ i~ver to s.,~d '~10RTGAGEE a~enewal ~hereof, toge~her wiih a rece~pt for the premium oi such renewal; and ~here shall be oo f~re or windstorm insuranc pl~ced on any oi said b~i!d~ngs, any interesf there~n or part thereot, un!ess in the fo~m and w~rh the loss payable as aforesaid; a~d in the eveM any su~ of money beco~~~es p~yable under such policy o~ policies said MORTGAG~E ~hall have ~he opt~on ~o receive and app!y Ihe same o~ accouM o( the indebted ~~s: sec~red har~by or to perm~l sa~d MORTGAGORS to reeeive and use it pr any pan the:eof tor otiicr pu~foses, v.i~iio~t th~r,oi i.r.:~.in3 er e~npair ~ng a~y equ~ty, Fen or r~ghr under or by virtue of this n~o~'gaga; and in tho event sa~d MORTGAGORS shall :or any reason fail to keep the said p~emisrs so In=w~•d, or lail to d:i~vcr promptly any oF said potities of insurance to sa[d MORTGAGEE, or fail promptly to pay fully any pre~ni~m therefor or in any ~ respect iai! to perform, d,sch~r9e, exec~te, e~feU, comptete, comply wirh and abide by this covenant, or any p3rt h~reof, sald MGRTGAGEE may place and ~ p~~ for svch insur~inc~ or any part thareof without waiving w ai(ecting any option, tien, equ~ty, o? ri~ht unde~ or by virtue of this Moriaage, and ~ht ~ t~~l amou~~r of each and every such payment shall be immediately due and payable and s6a11 brar iNeres/ irom the date thereof unril paid at the rate of ~~:e pcr c_~~r~rn Fer an:wm ond 1G~_Jhrr with such intrrest shall be srwred by 1he lien of th~s mortgage. 4. To permit, comvnit or suffer no waste, impairrtsent or deter;oration of said property w any parl thereof. 5. To pay a11 and sing~lar the costs, charges and expenses, i~cluding a reasonable attorney i fee and costs of abstrads of title, incurred or paid at ~ ~•iy f~~. r by a~~d htORTGAG°_E, because or in ~he event oi the fa~iure on the oa~t oF ~he aaid MORiGAGpR to du1y, prompNy ar+d fuUy perform, d~acharge. -.-c:,r,;. o!icu, ~;,-~nr;~;e, .,,.,.y:~ wah a~~J aL:Je ~y ea.h eoJ c.cry thc atipulatwns, a.~irements, condit:ona, eod co.enanrs of saJ ~,ro:~~(~aory ~iute a~.d i1~~? ~rrgage any or e~!her, and sa:d costs, charges and eapenses, each and every, shall be immrdiately due and payrbte; whether w nm there be noeice de ~::".d, atre~np! to co~~ect or su~r pe~~d~ng; and the fu7! aerwunt of eacb and every such paymeN shall bea. interest irom the date thereof until paid at the :~,~ne per c~•n:~~n per arn~., n; and ail said costs, ~harges a~id expenses ~ncurred w paid, together wah wch imerest, shall be setured by the lien of this :r,ertgage. 6. That (a1 in the evenr of any breach of fhis Mortgage or default on t}K pa~t of the A'SORTGAGOR, or (b) in the event any of sa;d sums of money ~••~cln re'err ~1 to be not pro~npi~y and fully paid wit!~in th~~ty (30) days ~ext after !he same severa:ty become due and payabte, without demand or notice, c~ eq in tha event each and every ~he stipu:ations, agreements, conoitions and tovenants oi sa.d promissory note and th~s mortgage any w eithe? are nof 1:,:y, promprly and iu;iy performed, d scharged, eaeeuted, effected, tompleted, compfied with and ab~ded 5y, then in either w any such evem Ihe said ag ;-~~gate sum ~r.enno~~ed in sa~d pron.~ssory nore then remaining onpa~d, with interest aarued, and atl mpneyi setured hereby, shalt become due and pay- forth~~~rh, er Thereafter, at the op!~on of sa+d MORTGAGEE, as fully and completely as ii all of the said sums of money were originatly ft~pulated - be pa:d on such d;.~, anything in sa:d p~omisso~y note w in this Mwtgagr ~o ~he conrrary notwi~hsrand~~~g; and the~eupon w thereafter at the opt~on of s~ 4!ORTGAGEE, v.hhcut nonca o~ demand, su~t at law or in equity, therefore or fhereafter begun, may be p~osecuted as if all moneys secured hereby r;_d matured pr~or to ~iS iniNluLOn. 7. That in the event that at the begirtn~ng of or at any time pending any suit upon this Nb~~gege,; or •to fo?eclose it, or to reform it, o~ to enforte {'~.mEnf ot any ciaims he~eunder, said MORTGAGEE sha!I apply to the Cout~ havirtg ju~~sditn2h thcrepf~{or the appointment of a Receiver, such Court shall t~: rhW;rh apF>c:n! a rece~ver of said mortgaged pro{xrty all and s~ngular, inctud~ng a11 and' s~r+gular• ~I,e'irtSomp, p~pfds, issues and revenues ~rom whatever z~•ce dariveti, er:ch and every of whkh, rt be~ng express~y understood, ~a hereby morlga~ed as if'sp~ciiicatly iet .~ouh and described in tFK granting and i~:~endum c:auses hereol, and wch Receiver shatl have aif rhe broad artd effecfive funct.ons and powels in anyvvise e~trusted by a Cou~t to a Receiver, and s_ :h appo~r,sm~n~ shall be made by such Court as an adniiited equ~ty and a mauer' of abiotute right,+o said MORTGAGEE, and without reference to the r.~: ~;,~cy or ~nadeq~ac~ of the va!ue of the property mortgaged or to the so~rency or ;nsotvency o( said MORiGAGOR or the de{endams, and that such •s. p:of,rs, inco.ne, iuues and revenues shau be applied by such Receiver accord~ng to the lien or equity of said MORT6AGEE and ~he practice of such ~_ourt, 8. To d~'y, promptly and iul!y perform, d~scharge, execute, effect, complete, comply w~th and abide by each and every the stiputations, agreements, :ad:ticns and covenanrs ~n sa~d promissory note and th;s mortgage set forlh. 9. That ;n ~he event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perspn other than the MORTGAGOR, the ::'RTGAGEE, in wccessors and assigns, may, wiihout no~ice to the MORTGAOR, deal with such suctessor w successor in ;merest rvith reference to this "~•'gaqe and tne d-•nt herehy secured in the same manner as w'~rh A1o~ryagw withpuf in a~y w:y vit~ating or discharginy the Mortgagora' liability here- i~•r or ~ron :he dc•bt h~reb~ secured. No sale of the premises hereby mortgaged ar.d no forbearance on the part of the /~IORTGAGEE or its successors ass;~ns and no exrens~on of she t;me for t6e payment of the deb~ hereby secured given by the ~1+lORTGAGEE or ;ts successors or ass;gns, ahall operate ro re~ease, d:scharge, modify ~hange or affect the original liau.ihy of the ~lORTGAGOR herein, either in whole or in part. 10. It is spcc~ficafly agreed thaf time is of the easence of this tontrad and thal no waiver of any obl~gation hereunder or of the obligation se- c.~_d hereby shal~ ar a~~ time thareafter be he!d to be a waiver of the terms hereof w of the instrumem secured herby. i 1. M ad•+ r:c n ro the forEgo month!y payments o( princ pal and• intrrest reqv~red by the promissery no!e secvred he~eby, mortgagar eovenants ~ ci :,~r~,es :u pey to n:ong.agee ,n~th each monrhly pay~aent an add;:icnal sum est~n:ared by mortgagee to be equaf to 1; 12 of the annual cost of the follow- A-:.i: ~eal F;ropcrty tax~z lev~ed or assess•:d agai•~st the above described real estate. 'o F~.,~~ ,>.s o:, f:.z, and w~r,dsrorm ~ns~rarce as nere~n req~ued to be carried on the imp~ovements s~tuate on the above described premises. C-P~.x• s o•i such mortg::ge guaranty ir.sura~,ce at mortgagee shall from. t me to time deem fit to carry on Ihe loan sewred hereby. t.'~ortgsg<-c <_~~-li °•c:.~ n~ne to t~:ne notify mwtgagor in writ~ng of the amov~t due and payable hereundar and suth sum shall thereupon be due and ..6!~• on th_• .i~e c;.;+•_ o* ihe near month:y payme~v ar.d eacfi wccessive month thereaft~r ur.t'e! mortgagee shal) notify mortgagor of a change in such ~nt. Se::h s~~~s sra:~ ~e app'.ied by mortgagee toward the payment of reaI p~operty ta:es, insurante prem:ums, a~~d mortgage guaranty insurance uums. IN ~:fTr~ESS :'lHEREOF, the sa~d htORiGAG04 has hereunro set his hand and seal the day and year first aforesaid. n ~~_:.Signed, ~Seaied )~delivered in the resence of: . ~ ~'~_"tf.t~ ,b_~'.-<.-c~-..c~-~~L- - ll~+-' ?t . t S ($Cel) HQward R . Routt ~ ~,p _C ' ' ' - l ` (Seal) Witn_ess_ Marj rie H. Routt cs~an s,:;Te oF~ Virgxnia ~ ss. ~ :%U'JTY OF - ~`~I ~~~f22~ 1 SeFore me personally appeared Ho~rard R. R01~tt Mariorie H. Routt a~ - his wife, to me wefl known and known to me to be individuab dcscribed in and wFw exrcuted the fwegoing instrument, and acknow(edged before me that they executed the same for the purposes ~he•e~n expressed. And the said ~rJorie H. ROUtt 1:~`e of the said _HO!~ard R. ROU't't upon a separate and p?ivate •,m~nat~on by me taien separate and apart from her said husba~d, acknowledged to and before me that sF~ exetuted said instrumeM ireely and voluo- ,y and w~~hovt any compufsion, constraint, appre ens~on, pr fear of or from her s~id~hu;band. r~ h WITNESS my hand and of(icial seal this_ - day of A:`Q. 19 72 ~ ~ ~r.~ ' • y ary Public in and for ihe Stale ~ y Commission expires: • ' ~ ' ~ ~lr 1T11 ~ Return To: / i g~_ { ~ Fust Federal Savi~gs a loan Asscciat~on ~ ~ ' O~ Furt Pe:e.• , . ~ r Fors P~..rce. Fl~r~u~ - t ' • . , .•ti ~ f LEO AMD RE ~ ' " ~ ' A ~ =~.lUC1E COUMTY f~A. ~ • ~ Th;s Instrument Pre ared B J. H. Roberts Jr, ROCER POITRAS P Y= , CLERK CIRGUIT COURT Fi~st Federal Savings & Loan Association RECORD YERIi1E0..`~ of Fort Pierce , Flor ida 33450 Checked 8y `c~._---- YW ~ 0~ IIt7 ~IC 2391.13 BUOK ~O6 PAGE 2684 ! _ - - : _ ~ - r~-.~~ ;r~,~ ~ - <p 2 ~ ^ _ .~~~^~"_.~!3+~ ~ y~`~- , s~ -