The URL can be used to link to this page

Home My WebLink About1011 i.• i 4 + * . 3. To place and caminuousiy keep o~ the bui;d~ngs now or Aereaftsr a~tuate cu+ sa~d lind and on al1 equipme~t ~nd persa+ally covered by this mo~tg- ege, with all premium~ +hereon pa~d in lull, fire insurance in ihe usual standa~d po~icy fo~m, in a aum approved by the MORiGAGEE, and windstorm ~~suran;e in the usual itandard pol~cy fam, in e sum approved by ~M MORTGAGEE, in iucA compa~y or companies as the MORTGAGEE may dired; and all fire and w;odatorm insuroncs po~icies on any of sa~d build~rqi, any tmerest therein or part lhereof, in IM aggreg+~e sum afaesa~d w in excei~ thereof, af+all comain the uiual srandard matgagee clauu a such o~he~ clause ~i the Matpagee may requ~r~, makiry ~he ~oss under fd~d pOIF c~e~, each and every, payab~e to sa+d MORTGAGEf as ~ts intere~t may appear, and each and every tuch policy ihall be promp~ly ass.gned and delivered to ~ny held by ~aid MORTGAGEE as (urther sKUrity to said mottqag~ dcbt, and, no~ Iau than ten (10) days In advance of the eapiration of each policy, to da liv~r to uid MORTGO.GEE a ~snewal thereof, wge~hx with • reteipt fw tF?e premivm o( such reoewal; and ehere shall be ro f,~e or winds~o~m insurance plxed on aoy o1 said buildings, any interest therein or pan thereof, unlesa in ~M torm ~nd with the lou payable ai a(wesaid; an~ in the event any sum of money becomei payable uoder such potiq o~ poGcies aid MORiGAGEE shali have the oprioa to receiva and appty the same o~ accounr of the indebred- ; neu secu~ed hereby w ro permit said MQRTGAGORS ro receive and uss if or any part thereof for o~he~ purposea, wi~iiout th_r~~ f~v;~~i:~g or ~mpair- ~ ing any equ~ty, I~en w right under or by virtw of this matgage; u+d in the eve~t te~d MORTGAGORS shall fw ~ny reasw~ fail to keep the said premisrs so ~~sured, w fail to delivet promptly any of said policies of i~su~ante to said MORTGAGEE, or fail promptly to pay fully any prt~nium therefot or in a~y ~ rrspect fail ta perfwm, d~scha.ge, execute, effact, complete, comply wiih :nd abide by fhis covenant, w any parl hareof, aald MORTGAGEE may piace and pay fw such insurance o~ any part the~eof without waiving or affectin9 any option, lien, equity, or right under a by virtue of th~s Mutgage, and ihe f~~i amoual o( each a.~d ewry such paymeni shal! be immediately due and payable and sMtl b~u interest from the date thereof umil pe~d at the rate of nine per cenwm pea annum and togeiher wirh such imcre~~ shatl be secured by the lien of this mortgage. To permil, commit or suf(er no waste, impairment w detcriorotion of t~id property or any part thereof. 5. To pay all and ungulu the costs, charges end expenses, i~cluding a reasonabte atta~ey'i iee and cosrs of ebstracrs of tirte, ir~cur.ed w pa~d af t any time by said MORTGAGFE, betauu or in the event of the failu~e on the part of tAe said h10RTGAGOR to duly, promptly and fully perform, d~scharge. ' execute, eifeq, complete, comply with and ab:de by each and every the stip~rlations, sgreements, conditions, and covenanK of said promiswry note and this mwtg+ge any or ei~ha?, and said cosn, charges and expenses, each and every, sha'(t bs immadiate~y due ar+d payable; whether w not there be ~ohce da ~ mand, attem t to tol{ect pr suit ~ ` P perxl'ng; and the full artquM of each and every suth paymenl shall Ixa? intere~t from the date thereof until paid at the ~.~re oi n~ne per centum per an~~um; a~d afl said costs, charges and expenses ~ncwred o~ paid, together w~th such inrerest, ~hall be secuied by the lien of th~~ mwtgsgs. 6. Thst (a) in the event of any brcach of this Mortgage or default on the psrf of thc MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly ~nd fully paid wi~hin fhirty (30) days next after the same severally become due snd payable, withour demand o? notice, or (c) in the eveM rach aed every ~he stipulat;ons, sgreements, conditiwu and covensMS of sa;d promiswry rtofe and th~s mortgage any a either are nol iuly, promptly and futty performed, d~uAarged, executed, effected, completed, complied wi~h and abided by, then in either a any such eve~t the sa~d ag- 9regate sum mentioned in said promissory note then remaining unpaid, wirh iMe~est atcrued, and all moneys setured hereby, shall become due and pay a61e forthwith, or thereaiter, at the op~ion af said MORTGAGEE, as fully and completely as if all of ti,e aaid sum: of money were orginally st~pulated ro be pa~d on such day, anything in sa~d promissay note or in this Mwtgage to the contrary notwiths?anding; and rhereupon or thereafter a~ ihe op~~on of sa~d MORTGAGEE, without notice o? demand, suit at law w in equity. therefae Or thereafter begun, may be prosecuted as if all moneys setured hereby had matur~d pnot ro~ts institurion. 7. That in tF~e event that at the beginni~g of or ~t any time pe~dirg any suit upon this Mortgage, ar to forectose it, or to reform it, or to enforce payment pf a~y claims he~eunde~, said MORTGAGEE sF~sll appfy to the Court having jurisdiction thereoi for the sppointment of a Rece~ver, :uch Court shail forthwith appoint a receiver of said mwtgaged property aIl and air+gular, irxl~rd~ng all and singular the income, pro(its, iuues and revenues from whalever source derived, each and every of which, it being expressty understood, is hereby mortgaged as if spec;fically se1 forth and described in the granting and habend~m clauus hereof, and such Receiver sFwll have all the broad and effecr;ve funcnons and powers in anywise emrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admittcd equity and a maner of absolute righl to said MORTGAGfE, snd without roference to the adequaty or ir~adequacy of tbe value of the property mprtgaged or fo the wlvency or insolvency of said MpRTGAGOR p the defendants, and ~hat such ra~~s, profits, incpme, issues and revcnues shall be applied by such Receiver accord~ng to the lien or equity oi said MORTGAGEE and the practice of avch CouA. - 8. To duly, Rromptly ar+d fully peafwm, dixharge, execute, effect, complete, comply w~th snd abide by each and every the slipulations, agrcements, conditions and covenants in sa~d promisswy note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, w a~y part thereof, becomes vested in a person other than the MORTGAGOR, the h'ORTGAGEE, its succeuws and ass~gns, may, wirhout norice to the MORTGAOR, deal with such successor a successor in interest w~th reference to this mortgage and the debt hereby secured in the same manner as wiih Mortgagw without in any way vit~ating w d~scharging the Nbrtgagors' liability herr ~nder w upon the debt hereby sec~red. No sale of ~he prem~us hereby mortgaged and no iorbearance on the part of the MORTGAGEf or ;rs successors or ass~gns and no extension of the time fw the payment of the debt he~eby secured given by the MORTGAGEE or its successors or au~gns, atiall operate !o release, d~scharge, modify thartge a affect the original liability of the N10R7GAGOR herein, either in whole w in part. 10. It is sFecifically agieed that time is of the essence of this contract and that no waiver of any ob(fgation hereunder or of the ob~igation tr cwed hcreby shall at any time thereafter be held to be a waiver of the terms hereo( Or of the instrumenf setured herby. 11. In add~tion to the fwego:ng monthly payments of princ pal and interest required by the prom:s~ry nore secured hereby, mortgagor covenants a~,d agrees to pay to moztgagee with each monthly paymenr an add~~ionsl sum estfmated by mo~tgagee to be equa~ to 1/12 of the annuat cost of the fotbw- ing: A-All ~eal prope~ty taxes k~ied w assessed agai~at the above descr~bcd real estaee. B-Prem~ums on fire and windstorm insurance as here~n requ:red to be carried on the improvements titvate o~ the above described premises. C-Premiums on such mwtgage guaranty insurance as mortgagee aha{I from t~me to time deem fit to tarty on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of ihe amount due and payable Fxre~nder and such sum sha!! thereupon be due and ~ ayable on the due date of ~he next month:y paymeN and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such a~•ovnt. $u;h sums sF.ail be applied by mwtgagee toward the payment of real property taxes, insurante prem:ums, and mortgage guaranty insurance p'emiumt. IN WISNESS ti•1HEREOF, the said MORTGAGOR has hereunto set his hard and seal the day and year first aforesaid. ' ned~ Sealed and liv red in ihe presence of: ~eQ Geor e?. De i ch , _ ' ....1.- ' Sea4 - Clari tta Deitch a/k/a Clar~~ta E. L'~4' ~ -z`~ ~'-2.-~~(~, ne ~ t~n STATE OF fLORIDA ~ CLa-c~.. COUNTY OF SL. L11G1@ ~ Befoie me perwnally appeared Georae T. ~ 1LC~1 Clarietta Deitch a/k/a Clarietta E Deitch his wife, to me well known and know~Y'to:me toabe the individuats desuibed in and who executed the foregoing instrument, and acknowledged before me that they executed• ~t»• sa~e for ~w purposes rherein exp.essed. Arid the sa7d Clarietta Deitch a/k/a Clarietta Deitch • . . .v~fe of rhe said Georae DB itCh vpon a xparaK snd priwte exam~nation by me taken separate and apart from her said husband, acknowledged to ar+d before me lhat tF?e exetuted•iaid`ir~prvment freel~ a~d volun- fnr~fy and w~thout any computsion, consrrain?, apprehens fear of or from her iaid husband. WITNESS my hand ar+d official sea! thit~ d,y of Januar ` D: 19 7~_ . 3 _ Notary Public in and for 1t~,State~of ida,~t•1,arpe FILED ANQ RECOAOfO My Commisiwn exp~rei: • i':•-•... Retum 70: .i; . . • • • • F;nt Federal Sa~~ s 3 loa~ ~?s~c~at;on sT' ~UCIE COUNTr FLA. "9 ROGER POiTRA$ NOTARY PUBLIC, STATE oi FLORIDA at LARGE Of Fort P~erce. CLERK C(kC(J~T COURT ~plJ~~~ MY COMTdISSIOY EXPIRES SEPT. 25, 1975 s Fo~r Pi~rce. Flor~d~ 4fCQFp y~~{'F~EO..~ BonGed Bf American 8ankers Insuranu ~:o. 1~1 3 2? PN 'T3 This Instrument P~epared By Dennis F. Holergez { First Federal Savings & Loan Associatian ~ of Fort Pierce, Florida - Checked By ~ ' ~ ~ ~f ~ - - - _ _ - ~ t~_~ _ - - ~ ~ ~