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Home My WebLink About2413 3. To place and continuousty keep on the 6ui!d~ngs ~ow or hereafter situate on said land a~d on all equip~nent and personaliy tovered by fhis mor ege, w~?h all premiums ~hereon pa~d ~n full, fire insurance in Ihe ~swl standard poticy fonn, in a aum aypro+ed by the A10RiGAGEE, and windsto insurance in ~he usuat s~anda~d po6cy form, in a sum approved by ?he MORTG7AGEE, in such company or compan~es as ihe MORTGAGEE m d~reu; and all (ire ar,d w~ndstorm insurance polic;es on any of said build~~gs, any interesf therein or part fhe~eof, in the agg.egare svm aforesaid in racess 1he~eof, shall ;ontain ~he usua~ s~andard mongagee tlause or such other clause as the Mortgagee aiay requ;re, making the ioas unJer se~d po des, each and every, payoyle to said h1pRTGAGEE as its interzst may appear, and each a~d every tuch po:icy shall be promptty ass gnrd and de~~~rred : any held by said 610RIGAGEE as furrher s~cur7ty to said mongage debt, and, not less than ten (10) days in advance of ~he expfrat~on of each policy, to d. Gver to said MORiGAGEE a renewal thereof, toge~her with a rece~pt fw the premium oi such renewal; a~~d ~here ~halt be no Lre or windsio~~n insuranc plated on any of said buildings, any interesl there~n or pa~t thereof, unless in the form and with the loss pay~ble as afo~esaid; and in the event any sun of money becancs payabte u~de~ such polity or po~~cies said MpRiGAGEE shall have ~he option ro rec~ive and apply the same on account of the indabt~~d ness secured hereby or to perm~t aa~d MQRTGAGORS ro receive and use it or any part the:eoi for o:h~r pu~E cs~•s, ~~1:il~o•~t ~h,~~u; ~,v~~~~.:3 n~~p::~- ing any equity, tien ar r~ght undar or by virtue of th~s mo:!gage; and in the event sa:d A10RTGAGORS shall Eor any reason tail to kcep the sa~d premises so inwrad, or fail to delivcr promptly any oi s~id poGties of i~suran~e 1o sa~d MORTGAGEE, or fai! p:omptly to pay fu~ly any pre~»ium thereior or in any respecr (ail to perfo~m, d~scharge, execvte, effect, complete, co:nply with and abide by th~s cove~an~, or any p3rt hareof, said MORTGAG~E may piace a:~o pay for such insurance or any part thareof w~thout waiving or alfecting any option, lien, equ~ty, or right unde~ or by vinue of this hlortgage, and thc f~lt amount of each and e.ery such paymrnt shall he immediatety due and payable and sha(I bea~ inlerrst irom ~ha dafe thereof until paid af the rate ol nine prr centum per annu~n and to3e~hei with such inte~esl xhali be secured by the (ien Of ihis mortgage. 4. To permii, commit or suffer no waste, impairme~t or deter~oration of said property or any part thereof. S. To pay a~l and singula~ the costs, charges artd ezpenses, inciuding a reasonable a~torney's fee and co:!s of abstracts of title, incu.~ed or paid af any time by said MORiGAG:E, because or in the event of tha failure on the part of ~he said MORTGAGOR to duly, promprly and fully perform, d~scharge. execute, efleu, complete, compiy wnh and ab:de by each and every the stipulations, agreements, conditions, and covenants oi sa~d promissory note and th~s mortgage any or e~~her, and sa:d costs, charges and expensas, each and every, shall be immediately dur and payable; wherher w nof there be not~~e d~ mand, attempt to coffect or suit peod~ng; and the Ful! amount of each and eYery svch payment shatl bea. interest from the date thereo~ untii paid at the r.~ie of n~ne per cen~~m per anuu:n; ~nc' ail said costs, charges and expeiises irxurred or paid, togather w~th such interest, shall be secured by lhe lian of this mortgage. 6. That (a) in Ihe evenf of any breach oi this Mwtgage or defaull on the parr of the MORiGAGOR, or (b) in Ihe event any of sald sums of money herein referred to be not promptly and lully paid w~thin thuty l30) days next afte+ fhe same seve~a!ly become due and payabte, without demand or notice, o~ (c) in the event each and every the stipulations, agreements, cond~tions and tovenants of sa;d promissory nore and th~s mortgage any o~ either are nm ~uly, prompNy and iully perfo~med, d;scharged, exewted, effected, completed, complied with and ab~ded 5y, tben in e~ther or any such event the sa~d ag gregate sum memioned in said promissory note then remaining unpa~d, with interest accrued, and atI moneys secured hereby, sha~l become due and pay- able forthwith, or thereaftcv,_ai~he opt~on of ;;~d MORTGAGEE, as fuNy a.~d campletely as ii aU of th~ said sums of mortey were or~gi~aily st~pu~ated ro be pa:d on wch day, a~ything in sa.d prom~ssory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereaftei at the opt~on of sa~d MORTGAGEE, wrthout not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secwed hereby n~d matured pr~w ?o ~ts institution. 7. That in the event that at the beginn~ng of or at any time pe~ding any su~t upon this Mortgage, w to foreciose it, or to reform it, or to enforce payment of any ttaims he~eunder, said MORTGAGEE shall apply to the Cou~~ having jur~sdktion thereof for ~he appofntment of a Rece~ver, such Coun shall Fcrthwith appoint a rece+ver of sa;d mortgagr-d property all and singular, includ.ng atl and sir.gular tlie ir.come, p~of~ts, issues ar,d reven~es from whatever s~~rce derived, each and every of which, it being expressly understood, is hereby mortgaged as if spe6fically set forth and described in the g~anting and habendum dauses hereof, ar.d such Receiver shall have alt the broad artd effect~ve funct~ons and powers in anywise entrusted by a Court to a Receiver, and s.,ch appointment shall be made by s~ch Court as an ad~nitted equity and a matter oi absolute right to said MOP.TGAGEE, and withcut re(erence to the adeqvacy or inadequacy of the val~e of the property mortgaged or to the so:vencv or ;nsolvency of said MORiGAGOR or the defendams, and rhaf such renrs, profits, incane, issues and revenues shaU be applied by such Receiver accordmg to the iien o~ equity of said MORiGAGEE and the practice of such Court, B. To duty, promptly and ful~y perform, distharge, execute, effect, complete, comply with and abide by each and every the sliputations, agreeinents, conditions and covenanrs in sa~d promissory note and th;s mortgage set forth. 9. Thaf in the evant the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the .•ORTGAGEE, its succeswrs and ass~gns, may, wiihout notice to the MORTGAOR, deal with such s~ccessor or successor in ~roerest with reference to this o~tgage and the d_ut hereby secvred in the same manRer as with Alongagor uvlthout in any way vitlating or d~schargfng the tAartgagors' liability here- ~ under or upon the de6t hereby secured. t~to sa!e of the premises hereby mortgaged and no forbearante on the part of the MORiGAGEE or its successors or ass~g~s and no exters~on of rhe time for the ~aym,ent of the debt hereby sec~red given by the MORTGAGEE or its successors or ass~gns, ,~w!! ppera~e ro release, d;scharge, modify chonge or aff~t the orig~nal liau~iity of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essen~e of this contract and that no waiver of any obligation hereunder or o( the obligation Se- cured hereby shalt at any time thereafter be held to be a warver of the terms hereof w of the instrument secured herby. 11. In acid r:c:~ to ths fore~o nq month!y payments of princ pal and interest requ~red by the prom rcry nore secured hereby, mortgago~ eovenams ,nd agrees to pay to ~r:orrgagee vsith each monthiy pay~.~em an add~rional sum esi:mated by morrgagee to be equal to 1, 12 of the annual cost of the follow- ~;,~3: A-All rcal property taxes ievied or asseased agai•nt the above desc*ibed real estate. B--Premiums on fne and wiRdsrorm inwracce as herein requ;red to be carried on the improveme~ts s~tuate on the above destribed premises. C-Premiums on such mortgage g~aranty ir.surarate as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby_ Mortgagee sha!I from ti~ne to time netify morfgagcr in writing of the amount due and payabte hereundrr and such sum shaf! thereupon be due and :.~va6}e on the due crate of the next monthEy payment and each successive month thereafter ur,til mortgagee shall norlfy mortgagor of a change in such ount_ Such sums sha:l be app!ied by mortyag~_e toward the payment of real property taxes, inwrance prem;~ms, and mortgage guareaty insurance c~emiums. ~ IN \'~ITPJES$ ':+HFREOF, the said MORTGAG02 has hereunto set his hand and seal the day and year irst aforesaid. Siqned, Sealed and delivered in the presence ofc ` (Seal) , Z.~ a ~ e...~ Thomas . HAy i (Seal) 1~,,~ ` D. Karen Ha sli ' ~~a~~ r ~~C- Y p (Seaq STATE OF North Carolina ) ~OUNTY OF1L~~ I~ f0 lJ i 55 Beiore me personatly appeared T~lO~S C• HdVSll~ and I Karen ]'~dySllp his wi(e, to me well known and known to me to be ; the ind~viduais described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for tF~e purposes rherein expressed_ And the said Karen }{dS151~R .N~fe of the said _ • y p Thoaas C H8 SI1 upon a separate and private exam~nat~on by. me taken separate and aparf from F~er said husband, acicrawledged to and before me that she executed said instrument freely and volurr , rarily and w~thout any compulsion, constraint, appr~envsion, or ear of w from her said husband. vW~'~~~~iJ~nd arid official seal this- ~~"`O day of r q. p_ ~~J 72 ~r 1 • ' . _ ' v. . ; . • ~ t ~ ;r~ • ' ~ v Notary Public in and for tate of~ at large : 't ~ My Commission expires: • - ~st~+"i~~ 6 / ~ ~ ~ e~ Firs1 Federal Se~irlg! d..toan Asscciation I 1 r g~{ Frnt~P:c~ce. G~'- _ ~Fort Pierce, florida ~EC~IROEO . A~ c f11E0 ~UUMTY f~A. . ' , " 5t, IUCt£~' ~ ; ROCEK.~U,j COUitt This lnstrumeni Prepared By J.H. Roberts ~~ERK ~j t~~0 ~ First Federal Savings & loan A soci tion Rf. ~~R ~ ~r ~ of Fort Pierce~ F~Qr~ a ~ 9 2Q ax ~ ~ ~ar ~ Checked By~_ z410~73 ; i ` ~ ~ooK~07 ~~F241~ : ,.~,f~ - ~FV - - e=_ ~