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Home My WebLink About2755 3. To ptace and conti~uousty keep an the bui:~~nc~s now or he~rafre~ a~tuate on said ~and and on ai; eqo~;,+nrnt and pe+sonatly covered by ~his morlq- ege, w~th aU prem~ums ~hereon pa~d in fuil, firr insurance in ~ha ~suat srondord po~~cy form, in a aum aFp~ored by the MORfGAGEE, and w~~~ds~~.m ~nsurante in the usual standa~d poLty form, in a sum appro~ed Uy 1hC MORiGAGEE, in su:h canpany o? compan~es as the MORiGAGEE may direct; end all fire and w~ndsto~m insurance poGc~es on any of sa~d bu~id~ngs, any inrerest the~ein o~ part lhereol, in the a~9~cga~e s~~n aforesaid o~ in eacess ~hrreof, shalt :o~r.,~n ~he usval standard mortgagee clause or such oiher dause ~s rhe Mor~gagee may requ.re, ma?~~.g N,e ioss u~~drr sa~d poli- c~es, ea~h and every, par~ble ~o said A\ORiGAGEE as ~ts ~MCresl may appaar, and each and every svch po~~cy shaU be p~o~.~p~~y ass g~~cd and de~i.cr.•d ~o eny held by sa~d /~IORfGAGEE as fw~har secur~ty ro sa~d mor~gage deb~, and, not less ~han fen l~0) days ad.•a~~ce oi ihe expuetion of each po~~cy, to de- fve~ to sa~d MORTGAGcE a re~~ewaf thereof, together with a rece~pt (or the premium of such renevval; and ~here sha~l be no f~re o~ w~~~us~o~m uisv~ante placed on any ot Seid b~itd~ngs, any inrerest therem or part thereof, unle:s in ihe form and w~~h ~he loss payatte aa aFaesa~d; and ~n ~t~e r.e~~ a~~y sum oF money becomes payab:e ~~~rr s~ch polity or poGc~es said A10RiGAGEE shall nave ~he opuon to recei:e ard app:y tha sa+ue on accov~~t of the ind~bt~~d- neas set~red he~eby o~ to pernut s3~d MORTGAGORS ro receive ar.d use it or any part th~:rof io. orn•~r ,.,;r, cs~~s, :,.~~~.:,r ~h ~ ~ r P~~'- ~ng any eqvrty, 1[en or ~~yht ~nder w by virtue of this mo:t9age; and in the evero sa:d M0~2TGAGORS sha!I for any rrason fail to keep the :a~d p~~~~~+s:s so ins~red, O~ fail to de~~vrr pro~nptly any of sa~d pol~c~es of insurance to sa~d MORiGAGE[, or fo~! pro~np~ly to F~ay fu;ly eny pre~n~~m thrrrfor or ~n a:~y respect fafl to periorm, d~scharge, e,.ec~re, effect, canp:ere, comply with and abide by th~s coven~nt, or any port F~~reo(, sa~d MORIvAGEE maY p~au~ e~a pay for wch insur.ince or any part thereof without waiving w aifecti~g any opuon, ~ien, equ~ty, or r~ghr un~er o~ by v~rtue of ~h~s Morsga~e, and the f~ll amount of each and e~ery su:h paymaM shall be immediately due and payable and ahatl bea~ interest from the dote the~~of un~il p.,~d at th~ r.,+e ol ~~ne per cent~nt per annur~~ and to~rthar ,nrth such inter~st shai~ be srcured by the lien of thia mortgage. 4. To permi?, commit or suifer no waste, i~npai~ment or detrriorai~on of said property or any part therrof. 5. To pay atl and singular the costs, charges and expenses, induding a reasonable aticxney's fee and cos~s oF abstracts o( t~tle, inc~~red ar pa~d at any time by aa~d MORTGAGEE, because w in the evem of ~he failure on the part of the said MORTGaGOR to du~y, p~omptly and fut~y perform, d~scharge. ,xec~te, eifect, complefe, canply wah and ab:de by each and every the stiputanons agreemenrs, condrtions, and tovena~~rs of sa~d promissory nore and ih~s .r.urtgage any or e~ther, a»d sa:d costs, charges and eapenses, each and tvery, shatl be immediatety due and payable; whether or nur thrre be not~ce d~ mand, attempt to coltect or suit pend~ny; a~d the f~~ll amouM of each and e~ery such paymeni sha11 bear inte~es~ from the date the~eof uri~ii pa~d a~ the oi ~i:ne per cen;um prr an~~~:n; anc~ al~ sa~d costs, cha~ges and exp<nsas irxurred or paid, toge~t~er wuh such interrst, shall be sec~red by the licn o1 tfi~s mortgage. 6. That (a) in thr event of any breach of this Mortgage or default on rhe part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referrad to be not promptly and fully paid wi~hin ihlrty (30) days nex~ afte~ the same severa!ty become due and payeble, wut.o~t demand o~ nofice. or ~c) in thr event each artd every the stipu:arlons, ag:eeme~~~s, cond~nons and covenams of sa.d prom~ssory ~ote ar~d th~s mortgage any or es~he~ are not ~ufy, pro~np~ly and fui~y performed, d,scharg•_d, eaccvted, effected, completed, complled with aed ahided Sy, fhen in e~ther or any such event the sa~d ag- g~egate sum menhuned in said promissory note thzn remaining unpaid, with interest accr~ed, a~x! afl moncys setured her2by, sha? betome due and pdy- eo c forthwi~h, or ihereafter, at :he opr~on of sa~d MORiGAGEE, as fully a~d completefy as if a~l of the sa~d sums of money were ongmally snpv;ated to be pa~d on such d~y, anything in sa.d pro~nissory note ot in this Mortgage to the cOmrary not~vi~hstandmg; and thereupon or thereafter at the opt.on of sald MORTGAGEE, w~thout notke or demand, suit at law or in equity, therefere or thereaher begvn, may be prosec~ted as if aU moneys sec~red hereby n~d matured pr~or to ~ts institution. 7. That in the event that at fhe teginning of or at any time perr~ing anv suit upon this Mortgage, or to fo~edose It, or to refwm it, ar to enforce ;,yment of any cl;~ms here~nder, sa~d MORTGAGEE shatl apply to the Court havmg jur~sd;ctron the~eof for the, appomt~ent of a Receiver, su:h Courf shail tc~:hwirh apFc,~nt n receiver o( sald mortgaged property aIl and s~ngu!a~, inctud~~g aH and s~~lar ~he income,"piotds; issuts and revenues from wh~tever s.~rce derived, each and every of wh ch, it be~ng exp~essly unders~ood, is he~eby mortgag .as Ef spec:ficatty set iorfh and describrd in the grannng and 6~bendum dauses hereof, and such Recei~er shali have alt the broad and effecrive funu.ons and powe~s in anyw~se emrus~ed by + Court to a Recriver, and s. ch appointme+~t shall bc made by such Court as an admitted equity and a matter of absolute right. Tq..s~id MORTGAGEE, and w~tFiout referente to tl~e n.i;q~acy or ~nadequacy of the value of the prope~ty mortgaged or to the so~vency or msoivency of said MOR7GAGOR or the defendants, and that wch renn, proiits, income, issues and revenues shali oe app!ied by such Receiver accord~ng to the Gen or equity of sa~d MORTGAGEE and the preU~ce of such Court. 8. To duty, promptly and f~ily perform, discharge, execute, effect, complete, comply with and abide by each and every the stipuiations, agreemenis, :_,ndit~uns and covenants ~n 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 MORTGAC'iOR, the ORTGAGf c, in successors and assigns. may, wirhuut notice to the MORTGAOR, deaf with wch successor w successw in interest with refe~er.ce to this r, o-rgage and the deot he~eby secured in the same manner as with 1Aortgagor without in any way vit:ating w d~scharg~ng the Mortgagori liability herr ~nder or ~pon the debt hereby secu~ed. No sale ofi the Fremises hereby mortgaged and no forbearance on the part of the N10RiGAGEE or iis successors or ass~9ns and no exrens~on of fhe tima for The payment of the debt he.eby secured given by the MORiGAGEE or its successors ar ass:g~s, ~:iafl operate ro re!ease, d:scharge, mod+fy change or affect the o~iginal Iiab~Gty of the MORIGAGOR herein, either in whole or in part. 10. It is spec~ficatly agreed that time ~s of the essence of this contract and that no waiver of any ob~~gation herrunder w of the obligation s~ c~red hereby shall at any time thereafter be held to be a waiver oF the terms hereof or of the instrumeM secu~ed herby. 11. In ~,-ici,~:c ~+o tFe forego n~ month!y Fzaym~nts of p.inc pai and interest req~~red by the promissory ro'e secured hereb/, mort~agor covenants a-,d agr~=es to pay to n:o-tgay~e ~n..th ea~h monrh'y pa~r,:ent an odd~~ional sum est~~~ated by mortyegee to be eq~ai to 1, 12 of the ann~al cost of the folfow- n:~: A-AU real p.cperty taxes lev~rd or dSS2SSCCI a9al~:st ihe above described rea! estate. 6-Pr_•~,•u•ns on f;re and v+indstorm irsurar.ce as here~n req~~red to be ca~ned on the ;mproveme~ts s[tuate on th_ above d_scribrd premises. C-Pre~^~u~r,s oo such mortgnge yuaranty insurar,ce as mortgagee shatl fro~n r me to nme deem fit to carry on the loan secwed hereby. M.orsgagee sha!1 from r~~.,e to tlme nori4-~ mortgago. ~n writ~ng of the amou~t due and payab~e hereundrr and such surn shail thareupon be due and I ..~vable on thc duN da~r of the next momh:y payrne~t and each successive month ihereafter unti: mortgagee shall notify mortgago~ of a change in -such nunt. Such iuns s1a:i t~e a;,pl;ed by mcrtgag>e to~ard the paymeM of real property taxes, i~surance prem.ums, and mortyage guaranty inwrance ' •~:~.-,:ums. I'V VJII~JE55 :VHEREOF, tho said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ S~gned, Sealed and delive~ed in the presence of: 1/ ~ (Sesl) ~ - • ( ~ ; 7 N~ ~ ~ ,~.,j~__ ~ l5eal) ~ - - , (Seal~ ~ ; ~I~C~S : 1~~. ~G` _ ' (Seaq ~ Alph a L. Tyson ~ s~ATE OF North Carolina ~ ss. ~JUNTY OF (~w~n.~i-~/~>~-~. I Before me perso:wlty appeared _ -1 I61~ T~enn and ~ _ Alphia L_ TVe~n • h~s wife, to me well known and known to me to be fhe ind~vidua~s descr;bed i~ and who executed the foregoing instrument, and atknowledged before me that they executed the same for the purposes ~ A1 hia L. T son therein expressed. And the said- p y +v~fe of the said J~ W• Ty50R upon a separate and private ~ e~am~nat~on by me takan separate and apart from her sa~d husband, acknowledged to and before me that she executed said instrumeM freely and volun- ~ +a-~:y ard wlthout any compu~sion, constraint, apprehens~on, or fear of or irom her uid husband. ~ WITNESS my hand and offidal seal this- ~ day of A., D.'19~2 ~ ~ Notary Pu lic in and fo~e State of /~•~E~~C'• •1, ~ My Commissio~ expires: - ~d~ _ ~ Return To: : ' ~ ~ first Federal Savings b loan Associafion ~ : t~ ~ O( Fo.t P_•ce- " , , ' ' ~ For: Pierce. f fcrid~ ~ ' ~ , . . ~ ~ : \ ~ FtLED ahtl F;ECOROED ~ ; . ST. LUCIE CJUN7Y FLA. ~ " 1•.• ~ - ROGEF ?Ot1RAS , CLERr Cl;:~UtT COURT ~ ' f'1 - ~ This Instrument Prepared By ,1 • H. RobertS, Jr . RECCP~ vEr,~toEp ~ k~ First Federal Savings 8~ loan Association nr,, ~ of Fort Pierce Flor i d~ L~ ~ 1 9 ~8 FtM ~~1 ' ~ Checked By 6z~ ~ 243481 ~ ~ ° R 20~ ~~E2?54 - a~~K ~ ~ . _ : - _ - - _ ~ ~~:.F ~ ~ . , ~ ~ ~ _ . ~~o- ~ , s . _ . , ~