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Home My WebLink About1535 • v 3. To place and continuously keep on the buildings now a hereatte~ ~ituate on said I~~d and on all equipment end pe~sonally covered by this mong- sge, w~th •11 p~emiums thereon pa~d in full, fi~e insurance in ths uiual sundard po~ky form, in • sum approved by ~he MORIGAGEE, end w~ndsto~m ~niurance in ~he usual srandard poLcy form, in • sum •pproved by tM MORTCsAGEE, ie such compa~y or compan~es as the MORiGAGEE may a=.~•; f:v w~~+d~?erm insuiance oolicies on any of said build~np~, any interest therein w part thereof, in the aggregare sum ~foresaid w in excess thereof, shall co~tain the usual ~randard mor~ a ee clause a such other cfause a~ ih~ l~Ror1 s ta ma re M'L 9 9 fl 9 Y qv~tY. msai::g ii:c E~Si v r.+..• r-- cie~, each end every, payable to said MORTGAGEE as ~ts in~eiett may appear, and e~ch and every such policy shalf be promprly ass gned and del~verrd ~o s~y held by uid MORTGAGEE ss funhe~ securiry to uid mo~~gage dcbt, and, not leu tMn ten (10) days in advance oi ~he expirstion of each pol~cy, to da liver to said MORTGAGEE a reneMal thereof, together wi~h • receipt tw the premium of such renewal; a~d there shall be no fire or w~ndsio~m insuraoce plsced o~ ~ny of said buiid~ngs, any intere:t fharein or part th~~eof, unleu in ~he form and with ~h~ losa payable s~ afcresaid; and in the e~ent a~y sum of money becomes payable u~der such policy w polKies said MORTGAGEE shall have ~hs opt~o~ to receive and apply the same on account of the indebted- nesa secured here'by w~o permit said MORTGAGORS fo receive and use it w any parl ti~e:eof for other pu~poses, w~~hout th~r. b~ wai+i~y or ~n~p,,ir• ing any eqv~ty, I~en w r~gh~ under a by virtue of fhis mo:tgsge; and in the svent ss~d MORTGAGORS shall fw sny reason (a~l to keep the sa~d prem~sas so iniured, d fail to deEiver promptly any of said policies of insurante lo said MORIGAGEE, or fail promptly to pay fully any pre~~~~u~n therefor or in any respect fail to perfam, discharge, execute, effect, comp7ete, comply wi?h and abids by Ihii tovenant, a any parl hzreof, sa~d MORT,~AGEE may p~ace and pay fo~ such insurence or sny part the~eof wilhout waiving or affectiny any option, lien, eqvity, or right under a by virtue of this Mo~~gage, and ihe 4u11 amount of each and e~ery iuch payment sMll be immcd'utely due snd payable •nd shall bear inte~est from tha date thereof un~il pa~d at the ra~e ol n~ne per cenrum per annum and to~ather with such inrerest ~hall be setured by the lien of this mwtg~ge. 4. To ~ermit, tommit or suffer no waste, impairr.+ent w detcraralion of taid property w a~y part thtreof. 5. To pay all a~d singula? the costs, charges and expenses_ including a reasonable attaney i(ee and costs of abstracts of tiNe, incur.ed or pa:d a~ a~y time by said MORTGAGfE, beceuse w in il+e event oT ~ne raaure on iae ori v: ::~e s;<d -^a ~•f._••.•~. d•Vh...~s execute, eftea, compkte, comply w~fh a~d ab~de by each and eve?y the stipu ations, agreemems, conditions, and reovenants oi sa3d promissory note and thii mortgsge any w e~ther, and said costs, tharges and expenses, ssch and every, shaq be immediateiy due and payable; whether or not the~e be no>ece dr ma~d, aftempt to ca!!ed a svit Qendinp; and Ihe full amount of each and every such paymenl shall bea~ interest from the date thereof until paid at the rare of nlne per centum per annu:n; and all said costs, chargcs and expe~ses incurred or paid, togetF~er w~th such ime~esi, shefi ~(S ~~lyf@t~ by the :;cn ot thts mwtgage. 6. Thal (e) in the event of any breath of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event any of aa~d sums of money herein referred to be not promptly and fully paid within Ihirty (30) days next after the same seversily become due and payable, withovt demand or notice, or (c) in the event each and every the sliputations, agreements, co~+ditions and covenants of sa~d p~omissory note and th~s mortgage any oi either are not ~uly, promptly and fully performed, d~scharged, eaetured, elfec?ed, compteted, compl~ed with and abided by, then in e~~her a any such evcnt the sa~d ag- gregate svm mentaned in said promiuwy note then remaining unpaid, with interest accrued, and alt moneys secured hereby, shatl become due and pay able forthwith, a the~eafrei, at the option of seid MORTGAGEE, as fully and complerety as if all of the said wms of mo~ey were onginally st~pulaied to be pa~d on svth day, anything in sa;d promissory ~ote or in this Mwtgage 1o the contra~y notwi~hatand~ng; and thereupon w thereafter a~ tha option of said MORTGAGEE, without notice o? demand, suit at taw w in equity, therefore d the~eafte~ begun, may be prosecuted as if all moneys secured hereby had maw~ed pr~ot to ~ts institutlon. 7. lhal in Ihe eve~t that at the beginning of w at any time pe~ding any suit upon this Mo~l9age, a to fo.eclose it, or to rcform it, or to enforce payment of any cfaims he~eunde?, said /YtORTGAGEE shati appty to fhe Court having jurisdiction ehereof fw fhe appointmenf of a Rece~ver, such Cour~ shafl forthwith appoint a receiver of said mortgaged property all and singular, intluding all and singutar the income, profits, issues and revenues from whatever se~:ce derived, each and every of wh~ch, it bcing expressly understood, is hereby mortgaged as if speufically set for~h and deuribed in the granting and h~bendum clauses hereof, and svch Receiver shall have atl the brosd and effect;ve funct~ons and powers in snywise entrusted by a Cou.t to a Receiver, and :~ch appointment ahall be made by such Court ai an admitted equity and a matter of absotute right to said MORTGAGEE, a~d wi~hou~ reference to the adequacy w inadequacy of the val~e of fhe property mortgagcd or to the sotvency or insolvency of said MORTGAGOR a the defendants, and that suzh renrs, profits, irxome, iuues and revenues shall be applied by such Receiver according to ~he lien or equity of said MORTGAGEE and the practice of such Court. B. To du1y, promp~ly and fully perform, discharge, execute, effea, comptere, comply w~th and ab+de by each and every the stipulations, agreements, - conditions end covenanta in said promissory note and this mwtgage set fwth. 9. That in the evenf the ownership of the mortgaged premises, or any part thereof, becomes vestcd in s peraon other than the MORTGAGOR, the MORTGAGEE, its sucteuas and assigns, may, without ~otice to the MORTGAOR, deal with such suctessor w successor in interest wieh reference ro tbis n:orrgaqt and the deb~ hereby secur~d in the same manner as with Mortgagor without in any way vitiating or d~scharging ?he Mortgagors' liability hert under w upo~ the debt hereby secu~ed. No sale o( the Fremises hereby mortgaged and oo forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the time fw the payment o! the debt hereby secured give~ by the MORiGAGEE or its successors or au~gns, ahall operate ro re~ease, d~scharge, modify change or affect the wiginal liability of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of th~ essente of this contract and that no waiver of any obligation hereunder or of the obligation se- cured he~eby shall at any time thereafter be held to be a wa~ver of the tcrms hereof or of the inst~ument setured Fierby. 11. In add~tion to rhe forego;ng monthly paymems of princ pal and interest required by the prom;ssory ~o!e secured hereby, mortgagor covenants a~d agrees to pay ro mortgagee w~th each monthly payment an add~rional sum est~mated by mortgagee to be equal to 1 j 12 af the annual cost of the follow- ing: A-All real property taxes fevied or assessed against the above descri+~ed real esrate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the ~mproveme~ts s~tuate on the above described premises. C-Prer~iums on such mwtgage guaranty ir.surar:~e as mo~tgagee shall from t~me to time deem fit to tarry on the loan secured hereby. Mortgagee shail from time to time norify mortgagor in writirig of the amount due and payabie hereunder and suct~ sum shall thereupon be due and ~.ayabte on the due date of the next monthly paymenf and each successive month tnereafter untii mortgagee shall notify mortgagor of a change i~ such a••~ou~1. Such sums shall be apptied by morsgagee toward the payment of real property taxes, insurante prem:ums, a:~d mort age guaranty insurence p-emiums. IN NIITNESS WHERfOF, the said MORTGAGOR has hereunto set his hand and seal the day and r f' s af es " ~ 5~gned, Sealed and deiivered in the presence of: - . - ti I ~ Seal) RZl A n in s cSea~) ' . i Sea1) ' SeaJ) ne e . e ngs SiATE OF FtORIDA ~ COUNTY OF SL . Luc ie Befwe me personally appeared R~lph A. Jennings a~ Jeanette B. Jenn flCJS his wife, to me well known and known to me to be the individuals described in and who executed the fwegoin~ instrument, and ecknowledged befwe me that they executed the same fo~'tFK~purposes therein expressed. And the sai Jeanette i3. Jennings .vife of tF~e said Ralph A. Jennin4s ~;,~~•s s~parate ~nd.'~vsta , exam~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said jnstrQn~nt~fteety abd vmurr ~ rarily and w~lhout any compulsan, constraint, appre^hen,sion, or fear of or from her said husband. • = WITNE55 my hand and officia! seal this .J la'kr1 day of Y ' ~C: p~ 19 ~3 . _i~~~~ Notary Vublic in and for tltt Stete ~ FJoreds lugp+~ : My Commission expires: , d'~ 1'. Return To: - first Federal Savings 6 loan Association ~'j+~~~.~~.,.••' ' Of fort P:erte. For Pierce. Florida fIIEU pH^ KfGORD~~ Q~~tiC.~(At[dFIDRtDRdEU~ st. LUCi~ ~011Mt~ F~.1~• 4~ NOTAR~ f.XPIRES S~~' ~ 1;~. P.OGEti FJ~T1lf~5 ~Y COMMISSIOH n B~nkers ~ns~e gy pmenca CtEaK ~!~~"~~T C~URT This lnstrument Prepared By Gary R. Ellwoo~~ s~ vjK~ First Federal Savings & loan Association 1n ~O ~r ~~~3 of Fort Pierce , ~'2orida ~ . Checked By ~ 'r L~~SQ', gORIC~~O PAGE~;t~e~ . _ _ - - - ~ _ . - _ _ ~ _ ~