The URL can be used to link to this page

Home My WebLink About0469 3. To place and con~~n~ously kecp on the build~ngs now o? he~ea(ter ~~tuate on said land and on all eq~+~ment and personally covered by this ma~g• ege, wi~h all premiums ~hrreon pa~d in full, fire insurante in Ihe uiual standard po~ity form, i~ a sum approved by the MORIGAGEE, and windatorm ~nwuncs in the usual ~~andard pol~cy form, in a ivm spproved by tM MORTGAGEE, i~ sucA canpany or compan~e~ a~ the M~RTGAGEE may d~rect; and aIl tirs and wind~torm insurance po~~cies on a~y ol sa~d buitd~ngs, any intere» therein or part thereof, in the aggregate sum afaesa~d o? in exceu thereof, shall contain the usual ~tandard mor~gagee clawe a such o~Fxr clavss ~s the Ma~gagee may requ~rs, making the lou unde~ sa~d poli- des, Nch and every, payable ro said MORTGAGEE as its interest may appear, ~nd each and every iuch poticy shafl be promptly ass g~ed and delive~ed fo any held by said MORTGAG~E as fur~her security to said mor~page debt, and, not less than ten (10) dayt in advance oi the expirat~on ot each policy, to da I~ve~ to taid MORTGAGEE a renewal thereof, together with a receipt fw 1he premium oi such renewal; and there shall be no f~re o~ win~sto~~n iniurance placed on a~y of said buildings, sny interest therei~ or parl lhereof, unleu in the form and with the ~oss payable as afo~esaid; and i~ thc evenl any sum of money becom~; psyab!e s~•~ti ;+o~~cY w policies said MORTGAGEE shall have the opt~on to roceive and apply the same on accovnt oi th~ ~^aFb~ed- nes~ secured hereby o? to permil said MORTGAGORS to rcceive and uss it or any par~ thereof tor other pu~poses, w~tho~t th_nu~ .vaw~ y.;r nnpau- ing any equity, lien w right under a by virtus of this mo:lgage; ~nd i~ the event taid MORTGAGORS shall for any reason (ail to keep Ihe aa~d premis~s so ~nsured, w fail to detivm promptly a~y of said po~~ues of insuranca to said MORTGAGEE, w fai! promptly to pay fully any pre~n~um there+or o~ in a~y respect fail to perfwm, d~scha~ge, e:ecute, effect, complete, comply with and abide by this covenaN, w any part hereof, sa~d MORTGAGEE may piace a~~d pay iw such insurance or any part Ihereof without waiving a affecting any option, lien, equ~ty, or righl under or by virtue of this Mo~tgage, and the f~~i amount of each a~d every such paymem shall be immedlately due and payable and shatl Ixar interest from the date thereof until pa~d at the ra~e ol ~.~ne per ce~tu~n per annum and togesher with such inrerest shafi be secured by fhe lien of thif mortgage. To pumit, commit w suffer no waste, impairment or deterioration of said property or any pa~t thereof. 5. To pay atl and singular the costs, charges and ezpenses, including a reasonable attuney's fee a~d costs ot abst~acts of titlc, incurred o~ paid at any time by sa~d MORiGAG:E, because or in the event of the failure on ~he part of the said MORTGAGOR to duty, promptly and fully perform, d~scharge. eYecute, effed, comple~e, comply with and ab~de by each and every the stipulat~ons, sgreemenfs, cond~fions, and covenanfs of said p~om~ssory note and this martgsge any w ei~her, and said cosri, charges and expenses, each and every, sha~l be immediately due and payable; whether a not ~here be notice dr mand, attempt to collect or wit pencGng; and the full amount of each and every such paymeM shall bear in~e~est from ~he date thereof until paid at the ..,te of nine per czntum ptr an~~um; and all said costs, charges and ex~enses incurted ot paid, toge~her w~th such interest, fhall be secured by the lien ot thi~ mortgag~. 6. That (a) in rhe event of any breach of this Mortgaga or default on the part of the MORTGAGOR, w(b) in the event any of sald sums of money herein rete~red to be ~ot promptly and fully paid withi~ thirty (30) days ne,ct afte~ the same severally betome due and payable, without demand or ~otice, ~ or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa~d promissory note and th~s mortgage any or either are no1 ~ iuly, prompdy and fully performed, d~scharged, eaecuted, effected, completed, compGed wi~h and ab~ded Sy, then in enher w any such event the sald eg ~regate sum men?ioned in said promisswy note then remaining unpaid, with interest accrued, and all monevs xcu~ed hereby, shall become due and pay- ab'e forthwith, or thereafter, at the option of said MORiGAGEE, as fully and completely as if a~l of the said sums of money were a~ginally st~pulated ro be pa~d on such day, anything in sa~d promissay note or in this Mwtgage to the co~vary notw~rhseanding; and thereupon or thereafter a~ the op~~oo of s~:d MOATGAGEE, without nonce o~ demand, auit at law w in equity, therefwe or thereaf~er begun, may be p~osetuted as if •II moneys secured hereby n.:d matured pnw to its institutwn. 7. That in the evenl that at the beginning of or at any time pending any suit upon this Mortgage, d to foretlosr it, or to reiorm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall appty to the Gourt having jurisdiction thereof for the aepointment of a Receiver, such Court sha11 ic,rrhwith appo;nt a receiver of said mortgaged propzrty all and singular, includ~ng aIl and singular the income, p~af~ts, issues and revenues from whatever source derived, each and every of which, it be~ng expressiy understood, is hereby mortgaged as if spec+fica~ly uf forth and desuibed in the granr~ng and habendum clauaes hereof, and such Receiver shall have ~II the broad and effective funct~ons and powers in' anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, s~d without reference to th@ adeyvacy w inadeq~acy of the value of the properry mortgaged or to the so~vency or inso~vency of said MORTGAGOR o~ the defendants, and that such re^~s, profits, income, issucs and revenues shall be applied by such Receiver accord~ng to the lien w eq~ity of said MORTGAGEE and the practice of such Co~rt. 8. To duty, promptly and fuily perfwm, discharge, execute, effect, compiete, comply with end abide by each and every the stipulafions, ag~~~~.~.:~s, cond~tions and covenants ~n sa~d promissery note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, w any part the~eof, becomes vested in a person othei than the MORTGAC~OR, the htORTGAGEE, its auccessors and assigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with reference to this n o~tgage and the d~bt hereby secured in the same manner as with Mortgagw without in any way vitiating o~ d~xharging ihe Mortgagors' (iability herr c,nder or upon the debt hereby secured. Mo sale of the premises hercby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns and no extens~on of the time for the payment of the debt he~eby secu~ed g~ven by the MORTGAGEE or its suctessors w au~gns, ahall operate to re~eas•,, d~scharge, modify change or aflect thc original IiabiGry of Ihe MORTGAGOR herrm, ei?her in whole or in part. ~ 10. tt is specifically agreed thaf time is of the e~sence of this contratl and that no waiver of any obligation hereunder or of the obligation se- cvred hereby shall at any time thereafter be he!d to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the forego ng mo~thly paymenrs of princ'pal and interest requ"ued by the promissory note secured hereby, martgagor covenants e• d agrees to pay to mortgagee w~th each monthiy payrnent an add~nonal sum esr]mated by mortgagee to be equal to 1; 12 oi the annual cost of the folfow- A-All rea•. r^^e-!; !=xes ~ev~ed or assessed agairist the above described real estate. B-Premiu~ns on fire and windstorm msurar.ce as herein requ~red to be ca.ried on the improvements situate on ih~ above described premises. i C-Premiums on such mortgage guaranty insurar.ce as mortgagee shall irom t:me ro time deem fit to ca~n the loan secured hereby_ ; Mortgagee shail from t~me to time notiFy mortgagor ~n writ;ng of the amount due and payable hereunder fnd such sum shail thereupon be due and : avabte on the due date of the next month!y payment and each successive month thereafrer ~r,til mortgagee ;11a11 notify mortgagor of a change in such ' ~-ount. Such sums sFall be applied by mortgagee teward the payment of real property ta:es, insurance p~m:ums, and mortgage guaranty insurance S ~„emiums. 1 ! IN ~'lITNE55 YiHFREOF, the said MORTGAGOR has hereunto set his har.d and seal the day ar first aforesaid. s/' F " ~ Signed, Sealed and delivered in the presence of: " ~ _ • • Sea4 ~ ' i • p Seaq ~ (Seaq q r t. elen J. os er ~~,q s ~ ~ SiATE OF FLORIDA ~ ~ $t. Lt1Cle ~ ~ CJUNTY Of ; 1 Before me perwnally appeared Rol~nd Fostez and ~ H¢len .1. r'OStCl' his wife, to me well known and known to me to be ~ the individuals deuribed in and who executed the fwegoing instrument, and acknowledged befwe me that they executed the same for the purposes ~ therein expressed. And the said Helen .1. Foster upyn_D ~rate and private ~ ~,ife of the said Roland F05~~Z ~ ~=amination by me taken separate and apart fran her said huaband, acknowledged to and before me that she execut~ `aaid~ insttu'merLt ~fQeiy and volum _ . ra~,fy and w~thout any compulsion, constraint, apprehension, w fear of or from her said husband. ~ . WITNESS my hand and offiual seal this 17th day of Januar ~'•,A. D. 19~_ x ' ' - : t •I. ;:k Notary Public in and far thd S~a e f Flohda 1 large = My Commission expires~ ~ ' Return To: N~'1f PU9LIt'., ~'S'N1TE pQ~RIDA ~t UIRGE First Federal Savir~gs ~ loan Associat~on A{1f ~41~ ~IOpN E1LP(RES SEPT. 25, 1975 ~ Of fort P~erce. ~O(Id"' ""Y'(~i~1~ ~kEfS 1(I51lCdtIC@ (!0. . r ~ ' - Fort Pie~ce. Florida • ftE0 R~g kf~~ROfO s~ ~tiC1E C~UNTI' fU. This Instrument Prepared ByJ. H. Roberts~ Jz. ROCfF ~pITQAt ` First Federal Savings 8~ Loan Association ~~f~+K CI::~{~~~ ~,~~RT ~ IlFCOAD YE°t:~~p of Fort Pierce, Florida ~ g 7 _ : Checked By ~ ~ ~ ` H ~ 13 :Y: ~ n 24+~031 ~ ~ ~ J'A~E ~6~7 ~flOK ~ _7 , ~ - - _ _ _ - . ~ P,~+~:: ~ ~ ~ . . _ ; x " : ? ~ ` ..b ~c-~ nu . . . . , ~-:,"'-~~"~r~