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Home My WebLink About2518 3. TO p!act and (OntinvO~i ~ Le~p On ~he Lui::i;ngs now or hen~after fituate on said land ar.d on alI equ;p+nent and per~ona~ly cove~ed by this morlg- ege, w~th all premiums thrreon F:r d in fu:l, f~rc ins~ran;~ i~ tha usuat etandird po~ity form, in a sum approved by the MJRiGAGEE, and winds~orm insurance in the usual ~tanJard po:.ty foro~, in a su~n approved by the MORTGAGEE, in suth tompany or cumpan~es as ~he MORTGAGEE may d~rect; and a11 iire and w:nJsrorm insurance po~~cizs on any o( said bui;d:ngs, any interest therein or pe~t thereof, in the aggrega~e sum sforesa~d a in excess there~}, thall :cr.t.,in the us~nl star.dard mori9agee davse or such o~her cla~se as ~he Mwtgagee may reqwre, maling the loss under sa~d polt cies, each and every, pa~able ro sa~d A~ORiGAGEE as :ts inter~st may apprar, and each and eyery such p~:~cy shall be p~~mptly au g~~rd e~~d deli.arrd to any hr~d by sa~d MORIGAGEE as further secur~ty ~o sa~d mortgage debt, and, not less than ten (i03 days i~~ ad.a»te of ihe exp~ratro~ ol each pot~cy, to dr live~ to s~id MORiGAGEE a renrwal ~he~eof, ioge~her w~~h a rrce~pt for the pre~~ium of such renewa~; and there shall tx no f~~e or wu.cis~o~m insurance placed on any of sa~d build~n.~s, any interes~ ~herein or part ~hereof, untesa in the fo~m and w~th the loss payablr o~ aforesaid; and in ?he evenl any sum of monay becomes payab!e un~r such poGcy a polk[es seid A10RiGAGEE sh.~ll have ~he op~~o++ ~o ~ecei.•e a~~d app~y ihr sa~ne on accoun~ of the indrbfed ness sec~~ed hr~eby or to pernut sa~d lAORTGAGORS ~o receive ar.d use it w any par~ thrreof Ic~ c:n~~r uu.; ~srs, v.ni,,..t ~h,•~:;. v.• cr ing any equ~ty, tie~ w riyht under a by virtue o1 thia mo-:gage; and in the evrnt ta~d MORTGAGORS shatl for any reason fail to keep the sa~d preinis_s so tnsvred, o~ fail to de:~rer p.omptly any of said po6c~es of insura~ice ro sa~d MORiGAGEE, o~ fai! p:ompHy to pay fu~ly any pre:~uu~n therefo~ o. in a~y respect fail to ~rform, d~schar9a, e~ec~tr, effeu, toaip~ete, comply wi~h and abide by this tove~ant, w any part hrreof, s.+~d MGRiGAGEE may p'•ate a~~d pay for auch inw~ence or any part thereof wohoul waiving or sffecting any opf~on, lien, equ~ty, or right under or by v~rtue ot ~his Alor~yage, a~~d the tull amounl of each and every such payo~rnt shall be ~mmediately due and payable and shall bear iMerest from the dete Ihereof umil pa~d at tf~ rate ol n,ne per centum per annum and to~ethar ,n~~h auch intercat shcii t~r setured by the lien of Ihis mottgage. 1. To permit, commit w suffer no waste, i:npai~ment or ~e~rriuretion ot sa~d prope~ty or any parf thereof. S. To pay all and sin~uler the custs, charges and expenses, including a reasor.able attorneyb fee and cos~s of abstracts of title, incuned or pafd at a~y time by sa~d MORfGAGEE, because or in ~he event of the fa~lure on tiw pm~ of ihe said IdORTGAGOR to d~ly, promptly and }u~~y perform, discfiarge. execute, effcct, comp.efe, comply w~th and ab de by each and every the stipu!at~uns, agrerments, condit~ons, and cooenants of said p~on,~>sory note and ~h~i mortgage any w e~~her, and sa:d cosfs, chargea and expenses, each and every, shall be immed~ately due and payab:e; whether or not there be not~ce dr mand, attempt ro co,led or wit pend~ng; ond the full amovnt of each and every wch paymero sh~~1 bear int~rest from the date thereof until paid at the ,.~re e+ ninc uer c..•ntwn prr ann~m; ane' atl said costs, charges and cx~ensea incurred or paid, togrther w~~h such interest, shall be secured by tl~e lian of thif mortgage. 6. That (a) in the eveM of any breach of th~s Nortgage or default on the pars of ~he M~RTG~IGOR, o~ (b) ~n the event any of sa;d sums of money herein refe~red to be r.ot promptly and lully paid w~thin ih~rty l30) days nea~ a'ter ~he same severatiy become due and payable, wiihout dema~xl or no~ice. or (c) in tha event each and ever~ the st~pu~ai~uns, agreements, cond~tions and covenann of sa d promisscry note and th~s mortgage any or eiiher are not ~~ly, promp;ly and futly performed, d scharg~d, e+~ecWed, eftected, completed, compi.ed with and ab~dc•d `ay, lhen in e~ther or any sucn event the sa~d ag gregate sum men:ioned in sa~d prom~ssory r~ote then ~emainir.q unpaid, with intere;t accr~ed, and a~l moneys secured hereby, shall become due and pay- able forthw~th, or therraher, at the op!:on of sa~d MORIGAGEE, as fully and comp:e~ely as if a~l of ~he said sums of money v~cere onginally st~putated to be pa~d on svch day, anything +n sa.d prom~ssory note er in this Mwtgage to the ccntrary nor,vithsta~:d~ng; and therevpon or thereaftcv at the opt~on of sa:d MORTGAGEE, without not~ce or demand, suit at taw or in .qu~ty, therefore w Mereafter beg~n, may t~e .proaecutQd as if all moneys secured hereby n~d matured pnor to rts institul~on. 7. That in the evenl that at the beginn~nq of or at any time pcnding any suit upon this Mortgage, or fq.fo~r,tJose it, or fo reiorm it, or to enforce payme~t of any claims htreunder, said MORTGAGEE shall apply to the Court having ~urfsd~a~on thcreof fei t,he.appoiMment of a' RecClYer, suefi Court shall forthw~~h appo~nt a receiver of said mertgagzd property all and singular, includ.~g ail and singular tt~e income; Prol~~s,-•isiues aNd h~v'MUCir`fr~w whate~er s: ~rce derived, each and every of which, it being expressiy underuood, is hereby mortgaged as if spei~fice~ly set folth and destri~4ej in ihe, ~aming and h36endum dauses hereo6, and such Receivzr shall hatie all the broad and effecrive funct.ons and powers in anywise emrusted by a Co~rt to a Receiver, and s.ch appoinsment shall be n,ade by such Court as an admitted equity and a ma~ter of abso!ute r~ght to said MORTGAGEE, and wi!houl reference to the adequacy or inadeq.,acy of the value of the property mo~rgaged or to the so~vency or ~nsoivency of sa~d A10RiGAGOR w the defendants, and that such .~nrs, profits, inco,ne, issues and revenues shail br applfed by such Receiver accordn~g to the iien or equity o1 sa~d MORTGAGEf and the prao~te of such Court. 8. To du!y, premFt!y and fully perform, discharge, execute, effect, compiete, comply w:th and abide by each and every the stipulations, agreements, conditions and covenanrs m sa~d promissory note and th~s mortyage set forth. 4. ihat in the event the o.vnership of the mortgaged prem;ses, w any part thereof, becomes vested in a perwn othe? than the MORTGAGOR, the Y.CRTGAGEE, its successors and ass~gns. may, wrthout notice to the MpR7GApR, deat with wch s~ccessor a succes.or in inrerest with ~eference to this mo•tgage and the debf hcreby secvred in the same manr.er as with ~Aortgagor witFwzut in any way vit:ating or d~xharairw3 the Mortgagori liabifity herr under or vpon the deo+ hereb~ se:~~..~d. No sale of the premises hereby mortgaged and no forbearante on Ihe pari of the MORiGAGEE or its successors or assigns and no extens~on of rhe t~me fo~ thr payment of the d~bt hereby secvred given by the 1110RTGAGEE or its successors or ass;gns, ahall operate to release, d~scharge, modify change ar affect the orig~nal I~ai:~l~ty of the M02TGAGOR herein, e~ther in whole or in part. 10. It is spec~(ically agreed that time is of the essence of this contract and that no waiver of any obligaf:on hereunder or of the obligatio~ se- cured hereby shali at any time rhereafter be he:d to be a waiver of the terms hereo} w of the instrument secured herby. 11. In a;id Ko~ to the forego:ng monthly paym~nts of p:i:~c paE and interest required by the promissory note secured hcreb~, mortgagor tovenants -nd agrees to aay to mortgagee with each mon+h~y payr.ieM an sdd~rional sum rst~.,,a~ed by mortgagee to be equal to 1; 12 of the annuat cost of the follow- r g: A-Ali rca! propert~ :axrs levied or assessed ag3i^st the a~ove descibed real estate. B Pr~•~. ni oa ~,.r nrtd windsto~~n ~nwr:.r.ce as he•e~n requ.red to be car:i~•d on tha ~mprovemears s~tuate on thr above described premises. C-Prrr~i~:~,s un w.h n:o:tg,~oe guar;,:;y irtsura~.ce as mo•rgagee shall frcR: rme ro tune deem fit to carry o~ Ihe loan secured hereby. htortgagee s~~a't 'rem !~r~e to time nctify mortg;gor in writing of the amo~~nt due and payable hereundar and wch su:n shatl thereu~»~ be due and .~~rable on tnr ci~e date of.th= next monthiy payment ar,d each wuessive month thereafter ur.til mortgagee shal~ not~fy mortgagor of a change in such i o~nt. $ucF. wms s% ~;i be a{~F.'ird by mortgag~re roward the payment of real property taxes, insura~ice prem:ums, and mortyage guaranty insura~ce ; -em~ums. ! i ~Y \YIFPJESS `,".HEREOF, rhe sa~d MORTGAGOR has hereunto sef his har.d and seal the day and year first aforesaid. ~ ~gned, Sealed a~d drlivered in the p ce o: n f) j J r~a' i~ ~A"t-r-2,a.~i • 1.~1~4 V ~ 6 ~ Rob H S o r l5eaq ~ - - , ti~_. ~ . . e _ _~~._-t c . ~ j$eal) ~ _ Bleanor H. Schoabert ±s~aq ~ . ~ Y s;+~r•eF~e~+s,,rWashington D. C. ~ ~ u. ~ cou:~tir~ oF ~ Before me persona:iy appeared ROb@Tt H~ Sehoa~bert and BZQ:~l10Y H~ SCl10Rb@=t his wife, to me welf known and knoxn To me to be ~ tl~e individ~afs described in and who executed the foregoing insfrument, and acknowledged before me that thty executed the same fw the purposes rherein expressed. And the sa~d_-- Ble~ilOr H• SC210~@rt _ w~fe oP the sa~a R~ert H• Seho~bert upon a separate and private exam~nat~o~ by me taieen separate and apart from her said husba~d, acknowledged to and before me that she executed said insV~ment freely and volun- ,a-;ly and wlthout any comp~ls~on, constraint, app~ehens_;o~ or fear of or from her said husband. ~ ~ ~C 'Q~bP.Y A. D. • k9L,~. WITNESS my hand and of/iual seal thit~~~~..~'~~°' 1 day of ~ ~ ~~-~f ~ i Notary Public ' f s< My Comm~ssion expirer - y~ = r a~ Return To: . ~~~j7-~- j~~A t w~ ~ f- ~ First Federal Savings 6 loan AssociaLon ~ ~ Of Fo~t P z..~~ n;. r`~: ~ For: P~erce, Fforda ,y ~ ~ a'. ~ itLEU ~~CVKOE6 . ~ fT.L~LtE^C~UKRAS~A. ~ j.....~;;~~'~ R4Gf~:';~~ ~ ~ ~ CIERK C".-~Ij COURT ~ This Instrument Prepared By J. H. Raberts, JY. qECOR"' Y`~' ftEG ~ First Federal Savings 8 Loan Association pu ~ ~ of Fort Pierce ~ Florida ~ 55 1 n . • ` Checked By ,~4,333'7 ~ ~ OR ~ a~~~K208 PA~E2518 ~ ~S ~ _ - - - - ~ =~W ~ ~ .s ~ F~, . ~ ~ ~ ~ - ~ ~ ~ ~t : _