The URL can be used to link to this page

Home My WebLink About0546 3. To p~ace and coniinuous~y ~eep on the bui!dirx~t now or hereafter ~ituate on said Iand and on all equipment and penona~ly covered by this mo~tg- +y~, with all premiums thereon pa~d in fult, i~re insurence in the usual srandard pol~ty fwm, in~a sum a{.Exoved hy 1he MORiGAGEE, and w~~ds~orm inw~ance in 1he ususl uandard pot~cy iwm, in a svm approved by the MORTGAGEE, such compa~y •or compan~es ss fhe MORTGAGEE may duect; ~nd all fira and w~ndswrm insurance po6c;es on any of sa~d bui~d~nys, any interest therein or part thereof, in ~he aggrege~e :um afwesaid o~ in excesf thereof, shall conta+n the usual standard matgagee clauu or such other c~ause +s the !Nortyagee may requ~re, maAing tha less u~de~ sa~d poti- ciee, each and every, parabls to said A10RTGAGEE as ~ts in~ere~t may appear, a~xl each and every iuch po:~cy shall br promp~~Y asa gned and de~~Yerrd ro any held by said MORTGAGEE as furthe~ security ~o sa~d mw~gage debt, and, not less than ten (10; days in advance o1 ~he eapuat~on of each poGcy, to da livsr fo said MORTGAGEE a ~enewal thercof, togc~he~ with s rece~pl fw the premium of such renewal; and there shall be no f~re or windstorm insurance placed on sny of said buildirx~s, any interest therein or part thereof, uniess in the form and with the loss payabte as aforesaid; and in the event any sum of mon~y becomes payable unde~ such poGCy a po~:cies said MORTGAGEE shall have the opf~on to rece~ve and apply the same on account of ~he indebted- ness secured hereby w ro permit sa~d MORTGAGORS to rece~ve and use it w any part tt.areoi ior o~ne~ pur~oses, v.~~ho.,t ~h>~eui ~vo~.~ ~3 0~ ~~~lPa~~- irg any equ~ty, lien w ri9ht under or by virtue of this mo::gage; and in ths event sa~d MORTGAGORS shatl Ew any reason fail fo keep tM sa~d prem~sat so insured, or fai! fo deliva promptly any of seid pol~cies of insura~ce to sa~d MORTGAGEE, or fail promptly to pay fu:ly any pre~~~iu~n ~herefw or in a~y respect tail to perfwrr?, d~scharge, execute, effecl, complete, comply with and abide by th~s covenant, a sny par~ hzrcwf, said MORTGAGEE may place a~~d pay fw such insurance or +ny part thereof without waiving or affectirg any option, lien, equity, o~ right unde~ or by virtue oi this Mwtgage, and thc fvll ~mount of each and eve~y such payment shall be immediately due and payable and shall bear inte~rst from the date ~hereof un~il paid at the rate ol nine per centum per annum and together with such inte~est shali be srcured by the ~ien of this mortgage. 1. To permit, commit or ~ufftr no wa~te, impairment w deterioration of aaid property w a~y part thereof. S. To pay all and aingular the costs, cMrgef and expenses, Including a reasonable atto~ney's fee and cosfs of abs?rac~s of ti~le, incurre.~ or pa~d at any time by sa~d MORTGAG:E, becaux a in ~hc eve~t of ~he fa~lure o~ tF+e part of the sa;d MORTGAGOR to duiy, pron,p~ly and fu1~y pe~fwm, d~scharge, execute, effect, complete, comp~y w~th and ab:de by ea:h and every the stipulations, agreements, conditions, and covenants of said promissory note and ehis mortgsge any or either, and said costs, charges and expenses, each and svery, shatl bs immed~ately due and payable; whether w not thrre be norice de mand, attempt to collect w suit pend~ng; and the full art+ount of each and every such payment shall bea~ inrercsl from the date thereof ontil psid at the rate of nine per centum per an~~um; and ali wid cos~s, charges and expenses inturred w paid, together w~tA such intaest, shall be secured by the lien of this mortgage. ' 6. That (a) in the event of any breach of th~s Mortgage or defaulr on the part of the MORTGAGOR, or (b) in the event any of said sums of money herein refe~red to be not promptly and fully paid wiihin th~rty (30) days next afrer the same severatty become due end payable, wiehout demand or notice, or {c) in the event each and every the st~pu:a~io~s, agreements, cond~~~ons and covensnts of sa:d promissory note and th~s mortgage any w e~the~ are not ~uly, promptly and fully performed, d~scharged, executzd, effected, completed, compl~ed with and abided Sy, then 1n either or a~y such event the sa~d ag gregate sum mentaned in said From~ssory note then remaining u~pa~d, with interes~ accrued, and all mo~eys secured hereby, shall become due and pay- able forthwith, a tne.ootter, at the opt~on ot said MORTGAGEE, as fully and compktely as if a!I of tiie said sums of money were w~9~nally supuiated ro be pa~d on such day, anything in sa.d prom~:sory note w in this Mwtgage to the connary notwi~hstanding: and ~hereupon o~ thereafter at the opt~o~i of said MORTGAGEE, without notice or demand, suit at law or in equity, thereFore w thereaf~er begvn, may be prosecuted as if all moneys setured hereby had maturtd pnor t0 ift institvtion. - 7. That in the event that at the beginning of or at any ti+ne pending any su~t upon this Mortgage, o~ _to fo~eclose it, or to reform it, or to en(orce payment of any claims hereunder, said MORTGAGEE shall apply to the Coun having jurisd~ttion the~eof (or the appo~ntment of a Receiver, such Court shaif Forthwith sppoint a rece~ver of said mwtgaged property all and singular, inctud~ng all and singul~r the income, p«f~ts, issues and revenues from whatever seurce de~ived, each and every o! wh~ch, it being expressly unders~ood, is hereby mo+tgaged as if specificalty ut forth and dtsc~ibed in thr granting and habendum cla~ses hereof, and such Receiver shal~ have al! the broad and effect~ve funct~ons and powers in anywise entrusted by a Court ta a Receiver, and s:ch appointment shall be made by such Court as an admitted equity and a matter of absotute right to said MORTGAGEE, and wit;~out reference to the adequaq o? inadequacy of the vafue of the prope~ty mortgaged or to the soivency o~ insolve:xy of sa~d A\ORiGAGOR or the defendants, and that such rents, profits, incorne, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity of sa~d MORTGAGEE and the practice of such Court. 8. To d~ly, promptly and fully pe?form, discharge, execute, effect, comp~ete, comply with and abide by each and every the stipulations, agreements, conditions and covenanrs ~n "sa~d promisswy note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any part tF~ereof, becomea vestcd in a person other than the MORTGAGOR, the :~10RTGAGEE, its successors and assgns, may, without notice to the MORTGAOR, deal w~th such successor or successw in interest with reterence to this mortgage end the debt hereby secured io the same manner as with Mo:tgegw wirhout in any way vit~ating br d~scharging the Mwtgagors' liabitity herr under or upon ~he debt hereby sxured. No sale of the premises hereby mortgaged and no forbearance on the part o~ the 1~10RTGAGEE w its successws o~ assigns and no extensio~ of the time fw the paymenl of the debt hereby secured given by the MORiGAGEE or its successws w auigns, atiall operate to release, d~scharge, modify change or affect the orig~nal iiab~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument setured herby_ 11. In add.tio~ to the {wego:ng monthly paym~nts of princ'paI and interest requ~red by the prom~ssory nore secured hereby, mortgagor covenants and agrees ro pay to mo-tgagee v~irh rach mo~th;y pay~,~ent an add~rional sum rsnn,ated by mwtgagee to be equai to 1,- 12 of the annual cost of the fotiow- ing: A-All real property taxrs lev~ed or assessed agai•~sf the atrove described real estate. B-Premi~~ns on fire and v~indstorm insurarce as here~n reqv~red to be carried on the imp~oveme~ts s~tuate on the above described premises. C-Premiums on such mwt~age guaranry insurar.ce as mortgagee sha{I frcm t~me to time deem fit to carry on the loan secured hereby. Mortgagee shail from time to time notify mprtgagcr in writing of the amount due and payable hereundrr and such surn shall thereupon be due and ~ f:avable on the due date of the next monthly payment and each successive month thereaft=r untit mortgagee shall notify mortgagor of a change in such y a~~ount. $vch sums shal! be applied by mortgagee toward the payment of real properiy taxes, insurance prem.ums, and mortgage guaranty insurance ~~emiums. € IN WITNESS WNEREOf, the said MORTGAGOR has hereunto xt his hand and seaf the day and year first afwesaid. / Sig/n~ed, Sealed and delivered ' the prexnce of: ? ~...~@~ 2 / Sesl) k~ tnes J~ Ra1ph . CrOUCh ~,i~ (Seaq ~ 5 ~ i tness : . - tseao Martha V. CYOUCh SiATE Of Maryland ~ B R ~t. T ~ n~ 0 r2 E ~ couNnr oF Before me perwnally appearet! R~lnh N C~At1Ct1 and Mztt~ 1r Croueh his wife, to me well known and know~ to me to be tha individuals described in and wFa executed the foregoing instrument, and ackrtowledged befor me that they exetuted the same for the purposes rherein expressed_ And the said ~rt~ V. Cl011Ct1 1 wife of the said upon separat4,a(~d Rf~vsts examination by me taken separate and apart from her said husband, atknowledged to and befor that she execut satd instr .~t`i~eplband+Kdlurr rzrily and without any compulsio~, constraint, apprehens~on~ ~e~r of or from her said hus .ti... r, ? ~ p M : ~ WITNESS my hand and official seal this_ ~ day of A=-D• `19~• ~ : i ~ , s _ No?ary Pubt'~c in an for t ate QP ' . at ~large : t My Commission expiros: ; Y a' " Y.s n Return To: ~ ~ ~VAY-~ j•, ~l~~ ~ , °F' Fint Frderal $avings 3 Loan Associat~on ~ ~ ~ ~ ~ ' ~ys-,~ +1it f • ~ Of Fort P:e:ce. ~ ~ ts•: ,a ~ 's.~- Fort Gierce, Florida < <t '•~,s~y~~s\t~4 " f lE0 AN~ RECOROEQ IUCIE C~UNTY fLA. ROCEp PO~TRAS This Instrument Prepared By J. H. Roberts, Jlc. CIERK CIR~UlT COURT ~ First Federal Savings 8 loan Association RECORD YER'FIED rn ~ of Fort Pierce , Rlorida ~ t1 8 vi AH '73 ~ Checked By 24~bU90 F~~ . ~ BOCK ~1U ~'.AGE ~46 ~ ~ ~ _ , r . ~ - a ~ ~ . . ~ _ . x.,.~_r _