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Home My WebLink About2522 To place and cont~nuous~y keep on the bu~:d~ngs now or herrafter a~tuate on sa~d land and on al~ equipmeM and personally covared by th~s mon~ ~ge, wi?h ~II premi~ms thr~eon ~pa~d in fuil, ffre inauronce ~n ~he usual s~andard polity iorm, in a sum approved by the MOR~GAGEE, and w~~dstorm insurance i~ the usval s~anda~d po~•cy form, in a sum approved by rhe MORTGAGEE, in tuch company o~ compan~es as the MORTGAGEE may direcr, and al~ fi~e and w~nds~orm insurance policies on any of sa~d build~ngt, any in?eres~ therein w pan thereof, in the aggrega~e sum afo~esa~d or io exceis thrieof, ShdII cuma~n ~he usual s~andard mort9~gae c~a~se or such o~her dauss a~ the Mor~gagae may requ.ro, mak~ng the toss w.drr sa~d pot~ ties, each and every, payab~e to said A1pRTGAGEE as ~~e interrst may appear, and each and every such po!~cy shall be piompNy ass gned and deliverrd ~o •ny held by sa~d MORfGAGiE as further security to said n,o~tgage dcbt, and, nor lesa than ten (101 days in advance of ~he expiration of each poiity, to de- live~ to sa~d MORTGAGEE a rrnewal the~cof, toge~her w~rh a rete~pt 4w the'premium of such renewal; and ihere ahall be no fi~e or wh~dsiorm iniwance plxed on any of sa~d build~~gs, ~ny interest there~n w part ~hereof, unless ~n the form and with ihe loss payable as aforesafd; and in the event any sum of money tucane~ payable unde~ such policy or polrcies said MORTGAGEE ihall have ~he opt~on to rece~Ye and apply the same on account of the indebt~d- neu secured he~eby w~o perm~t sa~d MORTGAGORS ~o rece~~e and use it w any p~~t thereaf tor o:~~er p~rE~osrs, .•.nho~t ~?j,., ui .v.:~.~ ~7 ~~~,p~~~• ing any equ~ty, Iien w ~~ght under or by virtue of this mortgage; and in Ihe event sa:d MORTGAGORS shall for any reason iail to keep the sa~d prem~sas so inswed, w fail to drl~ver promptly any of said poGcies ol insurance to sa~d MORTGAGEE, or fail promptly to pay fully a~y pre~ni~:n there~or or in any respect fait to perform, d~scharge, execute, effect, complete, comply wirh and ab~de by this covenant, or any part hzreoi, sald MGRIGAGE[ may pi~ce a~~d pay for such insu~a~ce or any part ther~of without waiving w affecting any opt~on, lien, equ~ty, or r~ght under or by v~rtue ot this hlortgage, and ~he full amoum of each and e~ery such paymem shall be immediately due and payable end shall bear interes~ from the date the~eoF u~~iil pald at the rate o1 n~ne per centum per annu~n and to~rihar vrith such i~rerest sha? be srcured 6y the lien o) thi~ mortgage. 1. To permit, commit w suffer no waste, impairment or deter'~oration of sa~d prope~ty w any part thercwf. S. To pay all and singuta~ the costs, charges and expenses, includ~ng a reasonable ateorney'a fee and costs of abstracts of t~tle, incurred or paid at any time by said MORiGAGfE, because a in the evem of the failure on ~he par~ of the said MORTGAGOR to duly, pranptly and f~lly pe~form, d~acharge, execute, eflect, comple~e, comply w~th and ab;de by each and every the stipvlat~ons, agreements, conditiona, and covenants of sa~d promissory note and this morrgage any or ei~he., ar.d sa:d costs, charges and expenses, each and every, sFwll be immed~ately due and payable; whether w not there be no~~ce dr mand, attempt to coitect or suit pend~ng; a~d the full amount of each and e~ery such payment sha~l bear interest from the date thxreof until paid at the ~ate ol nine per cent~m F~r an~w~r, and all said costs, charges and expenses incurred or paid, together wdh such interest, sAall be secured by the hee of thw mortgage. 6. That (a) in the event of any breach of this Mortgage or defaul~ on the part of the MORTGAGOR, w(bj in the eveM any of sa~d sums of money herein referred to be not prornptly and fully paid within thirty (30) days next after the same seve~a!Iy become due and payable, without demand or notice, or (c) in thr event each a~d every ~he stipulations, agreements, condirions and covenants ot sa.d promissory note and th~s mo~tgage any o? either are nol ~u~y, pro~nptly and futly perforrned, d,scharged, executed, effected, compteted, complied wirh and abided 5y, then in e~ther or any such event the sa~d ag gregate sum mentio~d in said promisswy nore then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at the option of said MORTGAGEE, as fvlly and completely as i1 aIl of ttie said sums of money were w~ginatly st~Fu~ated fo be pa~d on suth day, anything in sa:d promissory note or in this Mortgage to the cororary not~viihstanding; a~~d thereupon or thereafter at the option of said MORTGAGEE, withous nonce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as il all moneys secured hereby had maturerJ pnor Io ds institution. 7. That in the event that at the beginning of or at any time pendi~ any suit upon this Mortgage, w to foreclose it, ot to reform it, o? to enforce payme~t ot any claims he~eunde?, said MORTGAGEE shall apply to the Court having ju~isd:ct~on thereof for ~he appointment ot s Receive~, such Court shall Forthwith appoi~t a receiver of sa~d mortgaged property all and singular, includ~ng all and singular ~he income, prof~ts, issves and revenves from whatever wurce derived, each and every o( which, it being expressly understood, is hereby mortgag~d as if speufically set forth a~d dexribed in the granfing and habendum ciauses hereof, and such Receiver shall have all the broad and effecrive funct,ons and powers in anyw~se entrusted by a Court to a Reteiver, a~~d s~ch appointment shall be made by such Court as an admitted equity and a ma~ter of absolute right to said MORTGAGEE, and without reference to the adequacy o? inadrquacy of the value of the property mortgaged or to the so~vency or insoivency of sa~d MORiGAGOR w the defendants, and that s~ch rents, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien a equity of said MORiGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, execute, effed, compiete, comp~y with arx! abide by each and every the stipulations, agreements, cond~tions and covenanrs en sa~d aromissory note and Ih;s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than +he MORTGAGOR, the MORTGAGEf, its s~ccessors and ass~gns, may, w~thout norice to the A16RTGAOR, deal with such successa or successw in interest with reference to this mortgage and the drbt hereby secured in the same manner as with MSortgago. without in any way vitiating or d~schaiging tF~e Nlortgagori liability here- under or upon the deb~ hereby sec~red. No sa:e of the premises hereby mortgaged and no forbearance on the par~ of the MORTGAGEE or its succesaws or assigns and no extension o~ the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws o~ ass~gns, a~tiall operate ro retease, d~scharge, mod~fy change or affect the onginat iiab~l~ty of the MORTGAGOR herein, eithe~ in whole or in part. 10_ I? is speufically agreed that time is oi the e,zence of ?his contraU and that no waiver of any obligafion hereunder or of the obligation sr cured hereby sha? at any time thereaher be he;d Fo be a warver of the terms hereof or of the instrumeM secured herby. 11. In acidnEo~ to rhe farego ~:g monthly payments of princ'pal and interest reqwred by the prom:ssory no!e secured hereby, mortgagor tovenants and agrees to pay to mongagee v~~th each momhty payr„ent an add~rional svm esnmated by mortgagee to be equal to 1; 12 of the ann~al cost of the follow- ing: A-A!I real proFerty taxes levied o+ assessed agai•~st the above described real estate. B F.e,,:,u~n: on fire and windsto~m insurar.ce as here~n requ~red to be carried on the ~m, roveme~ts sitvate on the above described premises. ~ C-Prerewmi on such mortg;ge guaranty insuraoce as mortgagee shall from rme to time deem fit to carry on the toan secured hereby. Mortgagee sha~l f~om tin,e to t~n,e not~fy mortgagor in wriring of the am.eunt due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of th> neAt monthly payment and each successive month thereaftcr unlil mortgagee shalf not~fy morrgagor of a change in such II amount. Such sums s~.ail be appl~eJ by mortgagee toward the payment of real properry taxes, insurance prem:ums, a~xl mortgage guaranty insurance ~ p~em~ums. IN \'IITNE55 VJNEREOF, the sa~d MORTGAGOR has hereu~to set his har.d and seal the day and year first aforesaid. ;g ed, Sealed and defi ed in the presence of: ~ l~ ~ • ~y5~-~G[! ~ /~/~/~C~i - (Seal) l~: i t JOhe B. Boldts f~a~) ~ . .Cc ~ sL~ " lSea1) ~~-itnps~: Marian D. Bolam ~~aq STATE OF fLORIDA 1 55. couNrY oF St . Lu~i e i - Befwe me personally appeared John R. BO~.dID and ~I1~ BOZdID his wife, to me well kno,ivn and known to me to be the individua~s described in and who executed the foregoing instrument, and scknowtedged before me that they executed the same for the purposes therein expressed. And the said ~r ian D. BOldm wife of the said JOhn R. gOjam upon a sqparate ar~d p~ivate examinat~on by me taicen separate and apart from her said husband, acknowledged to and before me that she executed s+~d i~slrument~.f~!tfy'a~d volun- tarily and w~thwt any compulsion, constraint, apprehension, ot fear of or from her said husband. - =i!., ~ WITNE55 my hand and official seal this ~ J~~- day of ~cember ~ -''Y •a o. =J9' 72 • P ' C , Notary Pub~ic in a~d for the ~t a~' f aige ' Return To: My Commission expires: : ~1 +atiqr ~n~q~ ~ d aoiia~ sc ut~f First Federal Savings 8~ loan Associat~on Mf$~ION EJ(p.f $Epj, 25, ]9~S ~ Of Fort P~erce. tlM~;~,~115YW11C8 ~0- ~ - Fort Pierce, Horida 243~9 ~ :1~~~,...' F1Lf0 !1!~^, ~~C~aED This Instrument Prepared By Ga ry R. El l~nood ST.l11C~t ~3~~Tr FIA. ROG~~ ~~~~TRi~S First_Federal Savings 8 loan Association C`ERR ~~;,~;~~t t;OU~T of Fort Pierce , Florida pECGRL ~~n F~E~~ Checked By ~ 3 56 1 N~~~ ~ ~ ~ 800K2O0 ~'AGE~S~~ ~y4y. ~ ~f ~ ~ _ . . ~ ~ ~~H~ ' ~ 4~~~-.,., ~e;`.yy°e~ "'.r _ ^w ~-°y3 ~ - . _ ' ~.~,°'.7~:; . ~!"5r~.~s~`'~i'_~-_wz_, _