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Home My WebLink About2338 3. To place and con~inuously keep on ~he bu~:d~ngs ~ow or hereafter s~tuate on said land and on all cqu~pmen~ and personatly cove~ed by this mor ege, with all p~emi~ms thereon pa~d in 1ull, iire inwrente in the usval standord potircy form, in a wm approved by the MOR~GaGEE, and windsto insurance in the usual a'andard pot~cy fo+~n, in a sum approved by the MORTGAGEE, in such co~npany or compan~es as Ihe MORTGAGEE m dfrect; and aU (ire and wmJstorm insurance pelicies oo any of said build~ngs, any interest therein or part thereol, in the aggregate sum aloresaid in excess the~eof, shall tontain the uwal standard murtgagee clause or such other tl~use as the Mortgagee may requue, making the icss unde~ sa~d po cies, each an~ every, pay~b!e to said ~~10RTGAGEE as ~~a inte~est may appear, and each and every wch pot~cy shall be promptly ass gned and de~~vered ~ any held by said MORIGAGEE as (uriher security ro said mortgage debt, and, not less than len (10) days in ad+ance of the ezpi~ot~on of eath poticy, to d~ liver to said MORTGAGEE a renewal thereaf, loge~her with a receipt for the premium oi such renewal; and there shall be no fire or w~ndstor~n insurant placed on any of said b~ild~ngs, any interest therein w parl thereo(, unless in the form and wifh the loss payabte as aforesaid; a~d in the event any sun of mo~ey becomes payable undrr such policy w poGues said MORTGAGEE shall have the option to receive and app!y the same on account o1 the indebted nesa secured haroby w to permit said MORiGAGORS to ?ecaive and use it or any part thereof for o:i:.•r pu~;~osrs, v~~~ho~t thr. ur ~V~~v~ ~'~=P~~' ing any eau~ty, lien or r~ght under or by virtue of this mo:•gage; and i~ the event sa~d MORTGAGORS shall for any reason fail to keep the said premises so insured, or (ail to deliver promptly any of aaid pol~cies of insurance to sa~d MORTGAGEE, or fail promptly to pay fuily any pr~~niu~n therefor or in a~y respect fail to perform, discharge, execute, elfect, compiete, comply with and abide by this cove~ant, or any part hareof, said MGRTGAGEE may place a~~d pay fw such insurancr or any part the~eof wi~hout waiving w affecting any option, lien, equ+ty, or righi under w b~r virtue of this Mortgage, and the tuli amouM of each and every such pay~nenl shall be immediately due and payable and shall bear interesl from the date thereof until p~id at ihe rate o1 nine per tentum per annum and to~ether with s~ch interest shali be sacured by the lien Of this mortgage. 1. To permit, commit a suf(er no waste, impairment w deterioration of said property w any part thereof. 5. To pay all and s~n9ular the costs, charges and expenses, including a reasonable attwney's tee and costs of abstracts of tifle, incurred or paid af any time by said MORTGAG;E, because w in the evenl of the failure w? the parl of the said MORiGAGOR to duly, promptly and futly perfwm, d~scharge. ~xe:ute, elfect, complete, comply w~th and ab;de by each and every the stipulat~ons, agreements, cond~tior.s, and covenants of said prwnissory note and ihis mo~tgage any or either, and sa:d costs, charges and expenses, each and every, ahall be immed~ately due and payable; whether a not there be notice de mand, attempt to collect or suit pend:ng; and the f~~! amount of each and every such payment shall bea~ interest from ~he date thereof until paid al 1he .,,~e of nine per cent~m per anuu.n; an~' all said costs, charges and expenses incurred w paid, together wnh such interest, shall be secured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mo+tgage or default on tF~ pa~t oi the h10RTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not pranptly and fully paid within th~~ty (30) days next atte~ the same severally become due and payabte, without demand o~ notice, or (c) in thr event each and every tha stipu(ations, agreements, conditions and covenants of sa:d promissory note and th~s mortgage any w ei~her are nof ~~ly, promptly and fully performed, d;schargrd, executed, eifected, compteted, complied with and ab~ded 5y, Ihen in e~ther or any such event the iaid ag- gregate sum mentioned in sa~d promissory note then remaining unpaid, with interest accrued, and aIl moneys secu~ed he~eby, shail become due and pay- a~ie forthwith, o~ thereafter, at the opt~on of sa~d MORTGAGEE, as {ully and completety as if aIl of the said sums of money were originally snp~:ated to be pa~d on such dsy, anything in sa:d p~om~ssory note or in this Mortgage to the comrery notwirhstanding; and thereupon or thereafter at the op~~on of s~:d MORTGAGEE, without not~ce or demand, suit at law w in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby n~d matured pr~w to its institution. 7, That in the event that at the beginning of w at any time pending any suit upon this Mortgaae, or to fweclose if, or to reform it, or to enforce payment ot any daims hereunder, said MORTGAGEE shall apply to the Cowt having jur~sd:ction thereo} for the appo~ntment of a Receiver, such Court shall forthwirh appoint a receiver of said mortgaged property all and singular, includ~ng all artd singular the income, p7of~ts, issues arfd reve~ues irom whatever source deriv~d, each and every of wh~ch, 1t being expressly understood, is hereby mortgaged as ii specifically set forth and dexribed in the granting and habendum clauses hereof, and such Receiver shall have all the b~oad and effecrive funct~ons and powers in anywise entrusted by a Court to a Receiver, and s: ch appointment shall 6e made by svch Court as an admitted equity and a malter of absolute right `fo said MORiGAGEE, and without reference to the aciequaty or inadequacy of the value of the property mortgaged or to the so~vency or insolvency oi said MORiGAGOR or the defendants, and thaf such rems, profits, incane, issues and revenues shall be applied by such Receiver accorde~ig to the tien or equity of said MORTGAGEE and the practice of such Court. ~ 8. To duly, promptly and fully perform, discha~ge, execute, effect, complete, comply with artd abide by each and every the stipulations, agreements, conditions and covenants m sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, ihe ~.'.ORTGAGEE, its successors and ass~gns, may, wi~hout notece to the MORTGAOR, deat with s~ch successor a successor in interest with reference to this mortgag~ and the debt hereby secured in the same manner as with Mortgagor wi~hout in any way vitiating or d~xharging the Mortgagors' liability here~ . c,nder or upon the debt hereby sewred. No safe of the premises hereby mortgaged and no forbearance on the part of the tAORTGAGEE or its successors or assigns and no exrension of the time for the payment of the debt he~eby secured given by the MORiGAGEE or its successors ot assigns, ahall operate ro release, d~scharge, mod~fy change or affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any o6ligation hereunder w of the obligaYwn se- cured hereby shail at any time thereafter be he!d to be a v~aiver of the terms hereof or of the instrumeN secured herby. 11. In add;tio~ to the '.oregol,g month!y payments of princ'pal and interest required by the prom;sscry no!e secured hereby, mortgagor tovenants 3nd agrees to pay to mo:tgagee vcith each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to lj 12 of the annua{ cost of the follow- ~ng: A-All real property taxas levie~ or assessed agai~~st the abave described rea~ es'ate. B-Fremiu~ns on fire and windstorm 7nsurar.ce as here~~ requ~red to be carried on the improvements s~tuate w: the above described premises. C-Premiums on s~ch mortgage guaranty insurar,~e as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha~l from rime to time notify mortgagor in writing of the amount due and payable hereunder and such surn shall thereupon be due and ~ ; iyable on the due dare of the nexr month!~ payment and each successive month thereaiter ur.til mongagee shall notify mortgagor of a change in such i . o~nt. Such sums sFa~l be appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaraMy insurance : ~emiums. ~ IN NE55 J'JHER~OF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ig , Sea a ered in fhe presence of: j - ~h..~ ~.C ~~~'Y $Ca~~ ` B n M R ic rd on t~aq ~ ~ _~C,sci`t-tl~.a---- (Seaq ~ Hone B. Richardson ~~aq STATE OF FLORIDA Luc ie couNrY oF St . ~ Befwe me personally appeared Eulene M. Riehardson a~d }'j0~ B. Riehardson his wife, to me well known and known to me to be the individuafs described in and who executed the foregoing instr~ment, and atknowledged before me that they executed the same for the purposes therein expressed. Md tF~e said HOQe B• Riehardson r~~fe of the said Bugene M. RiC~1dZC~50A upon a separate and private e.am~nat~on by me taken separate and apart from her said husband, atl:nowltdged to and before me that she executed said instrume~t ireely and volun- ranly and witFout any compulsion, constraim, apprehension~ear of w from F~er said husband. WITNESS my hand and official seal this ~7 day of t~~r A. D. 19 72 ~ ~Ed A e R d ~ Zj I~ ~o~~ y Notary Public and for the te of Fbrida at Lar e ~ ~ ~~~ti' P+~I RA~ My Comm~ssi explres: L~ /9 Retvrn To: ~~.E~t~ goURj ~ , ~ First Federal Savings 3 Loan Associat~on ~E68I~D !+ERt~t~D~~ S y Of Fort P:erce. • ' . . Fort P~crce, Flo~ida ~t•• . ' - d 0~~ 31 12 4~ PM'~Z 'j' •r, • 24~.a24 = _ . J - _ . `T % This Ir~strument Prepared By : Ronald L. CallqhaA ~.4~~`!:i= , : - • First Federal Savings & Loan Association = ~ ' , -j`~' = of Fort Pierce i Flo~Cida 33450 , G~~ 'r ~•~y.... ~ Checked By.~- ' `~,,~'~~~r s c-',~ - 80oK 207 PACE233'7 ~ , - - ~ - ~ _