The URL can be used to link to this page

Home My WebLink About2171 3. To plate and continuousty keep on the bui'dmgs oow or hereafter s~tuate on sa~d land and on ali cquipment and pe~sonaily toveied by lhis mor ege, with all pren~ium~ thereon pa~d in fvll, lire insvrance ~n the usual staiw~lard po;icy form, in a nwn approved by the h10RtGAGEE, and w~~~dsto ~nsurante in the usual s~andard pol.ty form, in a s~m approved by the A10RTGAGEE, ~n Suth company or to~npan~es as the hIORTGAGEE m dvect; and aU fira and w;nds~orm insurance po~ides on any of sa~d buiid~ngs, any iroerzi~ therei~ or pa~t thc~eol, in the aggregafe su~n aforesa~d in excess ~hereof, shall comain ~he usual s~andard mortgagae clause or such other clause as the Mor~gagee niay req~~re, mak~ng tha ~ois unde~ sa~d po ues, each and every, payable to sa~d A1t7RTG.4GEE as its inicrest may appear, and each and every such po~:cy shail be prompily ass gned end de~ivered i any held by s~id MOR~GAGEE as further security ~o naid mortgage debt, and, not less than ten (10) days in advance of ~he expirotion oi each poticy, ro d~ I~ver ro said MORTGAGEE a renewal thereof, ~oge~her with a rece~pl for the premium of such renewal; and there s~.all be no f~re or windsio~m inw~anc placed on any of sa~d buitdings, any intarest therein or par~ thereof, unless in the form and with ~he loss payable as afa~esaid; and in the event any sun of money becomes payablz under such poticy or pot~c~es said MORTGAGEE sh.~ll have the opt:on fo receive ar.d apply the sa~ne on account ot Ihe indeb~ed ness setured he~eby or to pennit said MORTGAGOR$ to reteive and use it a any part the:<ot tor o:i,~~r ~.ur~ osrs, ,,~~ir,,;t th,•.of .v~i~i~~ c~ ~~„p~i~ ~ng any equ~ty, Gen or right under or by virtue oi tnis ma:i9aye; and in the eveN sa~d MORTGAGORS shall for any raason fait to kcap the sa~d premisrs so lnsured, or fail to detive~ promptiy any of said Folic~es of insurante to sa;d MORTGAGEE, or fai! p:omptly to pay fully any pre~nium the~efo~ or in any respect tail to perform, discharge, execute, eifect, comptete, comp;y with and abide by this covenan?, or any pa~t hereof, sa~d MORTGf1GEE may piace acd pay for such insurance or any pa:t thereof w~thout waiving or affecting any option, lien, equity, or ~ighf undei o~ by v;rtue of this Mortgage, ~nd the fuN amouni of each and every such payment shall be immediately due and payable and shall bear interest from tho date thcrcof umil paid a~ the rate ot a nine per centum per annum and to~~thr~ with such interest shali be sewred by Ihe lien of this mortgage. 4. To permit, commit or suffer no waste, impairment w deterioration of said property w any part thereof. 5. To pay all and sing~tar the costs, charges and expenses, including a reaso~able attorney's fee and costs of abstracts of title, incurred or paid at any t~m.e by said MORTGAG~E, because or in the eve~t of the failure on the part of the said MORTGAGOR to duly, prompNy and futly perform, d~scharge. s >xecute, ef(ect, canplete, canply w~th and ab:de by each and every the stipulat~ons, agreements, condiuons, and covenants of said promissory note and this ~e•~gage any or eirher, and za:d casts, charges and Fxpenses, each and every, shall be immediately due and payabte; wnetF.er or not there be not~ce d~ mand, attempt fo coUect or suit pend~ng; and the full amount of each and e~ery such paymem sha!1 bear inrerest from the date thereof unt~l paid at the r,~e o~ nine per centum per anuum; cnc: alI sa~d costs, charges and ex~enses inturred or pa~d, ?ogrther ~vdh such imerest, shall be secured by the lien of th~~ mortgage. 6. That (a) in the event of any breach of this Mortgage or de(ault on tF~ part of the MORTGAGOR, or ;b) in the evenl any ot sa:d svms of money herein referred to be not pro~nptly and futly paid within th~rty (30) days next after rhe same severa!!y become due and payable, without dema~d or notice, or (t) in ?he event eath and every the stiputatio~s, agreements, conditions and covenants of sa,d promisso~y note a~~d th~s mo~tgage any or either are not iu1y, promptly a~d fully performed, d.schargrd, execured, effecred, comp~eted, compl~ed wiih and ab~ded 5y, then in e;ther w any such evenr ~he aa~d ag- ~regate sum mentianed in said promissory no~e then remaining unpaid, with interest acuued, and all moneys secured hereoy, shatl become due and pay- ~ able fo~th~vith, or thereafte~, at the opt~on oS said MOR~GAGEE, as tully and compietely as ii all of the said sums oi money were•originatly stipulated ro be padd on such d~y, anythfng in sa,d pro~n~ascry note or in this Mortgage to the contrary notwithstandiag; and thereupon or thereafter a1 the op+:o~~ of sa;d MORTGAGEE, without notice or de~nand, suit at law or i~ equity, therefore or thereaiter begun, may be'prosecuted as if all moneys secured hereby n~d maWred pnw to as institution. 7. That in the event that at the beginn~ng oE ~or at any time pending any suit upon this Morrgage, or to foreclose et, or to ?eform it, or to enfo?ce ~ payment of any claims here~nder, said MORTGAGEE shall apply to the Court having ~unsd~cfio~ thereof for ~he appointroent of a Receiver, such Court shall tcrihw~th appo~nt a receive~ of said mortgaged property all and sing~lar, inciudmg all and s~ngu~ar the ir.come, pro(rts, issues and ~evenues from whatever S so~.,rce derived, each and every of wh~ch, it be+ng expressiy understood, ~s hereby mor~gaged as i; spec~fically set iorth and destribed in the g~aming and ~ ~ h~bendum clavses hereof, and such Rece~ver shali have aIl the Ixoad and effective funa~ons and powers in a~yw~se emrusted by a Court to a Receiver, and s_ch appointmz~~t shall be made by such Court as an admitted eqvity and a matte? of absolure r~ght to said M~RIGAGEE, and without refere~ce to the adequacy or inadaquacy of the value of the prope~ty mortgaged or to the so~vency or insolvency ef said MORTGAGOR or the defendants, and that wch re~,rs, proiits, inco~ne, issues and revenues shal{ be applied by such Receiver according to the lien or equfty of said MORiGAGEE and the practice of such Courf. 8. To dvly, premptly and fully perform, discharge, execute, effect, comple!e, comply with and abide by each and every the stipulations, agreements, :onditions and covenants in sa~d promisso:y nose a.^.d !hes mortgage set forth. 9. That in the event the ownership o( the mortgaged prem~ses, or any part thereof, becomes vested in a peraon other than ihe MORTGAGpR, the :',~RTGAGEE, its successors and assigns, may, w;rhout no~~ce to the MORTGAOR, deat w~th such successor o~ successor in imerest wi~h reference to this o•tgage and ~he debt hereby secured in the same manner as with Mortgagor withoW ir any way vitiating or d~scharg~ng the 1lbrtgagors' liability here- .,~-der or upon the debt hereby secured. No safe of ~he ~remfses hereby mo.tgaged ar.d no forbea~ance on the part of the fAORTGAGEE or its successors c~ assigns and no extension of the t~me for the paymem of the debt F.~reby secured given by the MORTGAGEE or its successors or au~gns, ahall operate ro re!ease, dacharge, modify change or affect the orig~nal Iiab~Gty of the MORTGAGOR herein, either in whole or in part. 10. h is speuf~cally agreed thal time is of the essence of this centract and that ~o waiver of any obligat~on hereunder or of the obligafion se- c~red hereby shaii ar any time thereatier be he;d to be a waiver of the terms hereof or of the instrument secvred herby. i t 11. In add~tio~ to the iorege ~~ry month!y payments of princ pa~ and interest requ~red by the prcm~ssery nore sccured hereby, mortgagor covenants j d agrces to pay ~o nto'tgagee n,;th each ~nonrhiy pay~,~ent an adJ~rional sum est~mafed by mortyagee to be equai to t; t2 of the an:~ua! cosr of the follow- d F A-A!1 rea) property taxes le~ied or assess•,d against the above described real estate. ~ B-Prenz;ums on fire and v+indsto~~n ~nsuracce as here~n requ;red to be canied on the improveme~ts s~tuate on the above d:scribed premises. 2 C-Prem~ums on svch mortg~ge guaranty ir.s~rar:ce as mortgagee shatl from t:me to time deem fit to carry on the loan secvred hereby. ~ } Mortgagee sfia~l frcm time to t~me not~fy mortgagor in writ~ng of !he a~nou~t due and payable hereundar a~~d such surn shall thereupon be due and ;,yable on the due oate of rha next month:~ payment and each successive month thereait^r ur.til mortgagee sha!I notify mortgagor of a change in such , ount. Such sums sFa:l be app!ied by morigag.e toward the payment of rea~ property taxes, insurance prem:~ms, and morrgage guaranty insurance : ~'emiums. fN 1'~ITNE55 L':HEREQF, the said MORTGAGOR has hereunto set his hand and seal the day and year fir y af,oresaid. 'gned, Sealed and etivered in the presence of: ~ j ~ - - (Seal) ` . ' / (Seel~ , ` • an~-a~ ; - (Seai) f i S~ ATE OF FLORIDA ~ ~ 7UNTY OF _ Sti • ~1C~e ' ~ ~ ~ Before me personally appeared ~1'811~C1~I1 A. R8M'~3 and ~ V'aIe rie V. Aarri~e ! - - his wife, to me well known a~d known to me to be i rE,a individua~s described in and who exewted the foregoing instrumertt, end atknowledged before me that they executed the same for the purposes ! rhe~ein expressed. And the said_ 08182'~9 0. ~8M'~S ! s.;fe of the said _ FI'811~fY1 A. Aarris upon a separate and private ~ e.am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she ezecuted said instrument freely and volun- ran~y and witho~t any computsion, constraint, apprehens~on,~ fear of ar fiom her said husband. WfTfVESS my hand and off~c;al sea! this_ ~ day of O~Ar A. D. 19~? Notary Public i nd for the ate of Florida at large My Commissio expires: ~j~ G ~ 9,,j Return io: " ' '-7 ' i Firs! Federa) Savings 3 loan Associatio~ NOTARY P(t^' ~I' gT~TF pF F~ nRlt7q AT 1 q Of Fort P:erce. ~~,~~~a., MY COF.4?.!(~G17!~' EXptn~~ r!~i- 6. 197~ Fo~t Pierce. Florida G~ERAL INSURANCE i/NDERWR?TERS~ t1~(~` ' ~ ~ . 4 . ~ fILED AMa R p ' ' ~ EC AOlQ, ' ~ _r~. , :-7 ~ - ST.It~CtE COiINTYfLr1 I This Instrument Prepared By WhO. E. B2'8tU1 ROGER PO~TRA1 ~ • - ~ ~ ~ . : CLERR Ci~CUft COUAT ; First Federal Savings & Loan Association ~ O _ REC4R~ V£P.tF?E~S ~ of Fort Pierce~ F102'ida Checked By ' " .~~+o~~~_,~w'`~O ~ ~13 ~ ~71 ~ ' _ , ~ i : _ ~ ' ° R 2~'~ 2i~ 240~895 ' BJQK ~'dCE I ~ ~ - . - _ ~ > ~ ,~~y~; ` , '`-n~ ,:~`.x . ~ ~ -