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Home My WebLink About1537 ~ 3. To place and conlin~~ously keep on the build~ngs now or hereafter ~ituat~ on said i~nd and on alt equ~p~nent and personally <overed by fhis ma~g- ~ge, wi1A dl premium~ thereon pa~d i~ full, tire insurance in 1he uswl s?andard policy fo~m, in • sum ~pproved by 1he MORfGAGEE, and wind~~orm insurance in the u~ual •tandard pol~q fwm, in s sum approved by 1M MORTGAGEE, in ~uch comp~ny or companies ss the MORTGAGEf may ~ a3•~•, ~~I i:.~ arul wtnds~o~m ins,.rance potitia~ on any of said build~np~, +ny interoat tharein w pu1 lhereof, in tF~e aggregete sum afaetaid w in eacess Ihereof, ~h~ll tontai~ the u~wl sundard mortyayes tla~u a sucF+ oina c~ause ~i i'rw ~iorty~e}as ~nay reY~i:e, =:z~=::;~ a`; 4- e=•d ~n1z cies, each and evcry, p~yabfe ro said MORTGAGEE as ~q inte~est may ~ppear, and each and avery tuch poficy shall be p~omptly ais gnedf end drlivered to any held by sa~d MORTGAGEE es further security to said matgage debt, and, no1 I~ss than ten (10) days in advance of the expi~afion ot each polity, 1o da liver to said MORTGAGEE a renewal thereof, together with a rece~pt fw the prsmium of tuch re~ewal; and there shall be no f~re or windsro~~n inss,~ance placed on ~~y of said buildings, a~y interett therein or par~ thereo(, unless in tM form ~nd with tM lou payabls aa aforeiaid; and in the event any sum of money becom~s payable under such policy or policies uid MORTGAGEE shall h~ve ~he opt~on to receiva and apply the same on accoum of the i~debted• j ness secured hercby a ro permit said RAORTGAGORS ro reteive aod us~ it o? any part rhereof fo. orher purpaies, w,~hout th~~~ ui ,va~~ing cr ~n:pa~r ~ +~+g any equ;ty, l;en or r~ght under or by virtue of ~his morsgage; and in the ~vent sa~d MORTGAGORS shal) fa ~ny reason f~i) to keep the ~aid premisas so insu~cd, or fai) to deliver promptly any of sa~d polKies of insurance to said MORTGAGE~, o~ fail promptly 1o pay fully any pr~mium fherefor or in any ~ res fail to rform, dischar e, execute, effect, com lete, com 1 wi~h and ~b~ b ~h~i covenant, a~n ~ P~ PQ 9 A P Y y y part hereof, sald MORiGAGEE may place and pay fw such insurance or any part thereof without vr~ivirg or aifectinp any option, lien, equ~ty, o? right u~de~ a by vi~tue oi this Matgage, and the full amoum of each and every such paymen~ thall be immediately due and payabfe and sAall bear inreresi from t}~e d~te thereof until paid at the rate of n,ne per ceotum p~v ann~m and together with such i~ter~s~ shall be srwred by 1M lien of this mong~ge. 1. To permit, tommit or suffer no waste, impairment a dtterio~ation of said property or +ny part the~eof. 5. To pay all and sing~lsr thc costs, tMrget and expenses, including a reasonable attorney i fee and costs of abstracts of title, incurred o? paid at any ume by iaid MORTGAG:E, because or ~n tne event o't tne ra~iure i:~e ~r: ui s~.a ;s:c i~vAiJJ•V~° a^'=• a^a s~~~iv ~.P.fmm, dlscharoe execute, e(fect, comptete, comply w~th and aS:de by each and every the ~tipula~ions, agreements, conditions, and cove~ants of said p~omissory note and this morrgage any o~ either, and said costs, charges and expeoses, e~ch and every, ~halt be immedia~ely due and payabfe; whether a not rhere be no~~ce de mand, a?temp~ ?o collect w suit pend~ng; and the f~ll artwunt of each and every svch paymcnt shalt bear intereat from the date thereof until psid at thc rare of oine per centum per annum; and all iaid costs, tharges and expenses incurred or pa~d, together w~th suci. inle~esL shaii be ;zcure~ by tha liaa o! lhes mortgage, ~ 6. That (a) in the event of any brrach of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event any of said sums of money herein referred to be not promptly and fully paid wifhin thirty (30) days ~ex1 after the same severaily become due and payable, withoul demand or ~otice, or (c) in the event each and every the stipuiations, agreements, cond~tions and covenanfs of sa+d prom;uo.y note and th~s mortgage any a ei~her are not ~uly, promptly and fu11y performed, d~scharged, executed, e~fected, completed, complied with and abided by, then in e~ther o~ any such event the sa~d ag grega?e sum memioned in said promissory note thcn remaining u~paid, with interest accrued, and all moneys secured he~eby, shall become due and pay- eble forthwirh, o? rhe~eafter, at the option of ssid MORiGAGEE, as fully and completely as iF all of the said sums of money were or~ginally st~putated ro be pa~d on such day, anything in sa:d promissory note a in this Mortgage to the cont~a?y notw~thstanding; and thereupon w thereafter at the opt~on of sa~d MORTGAGEE, witfaut notice or demard, svit at taw or in equity, therefore w lhercafrer begun, may be prosecuted as if all moneys secured hereby had matuted pnw to its institution. 7. That in the event that at the beginn~ng oE or st any time pending sny suit upon this Mortgage, or to fweclose it, or to reform it, or to enforce payment of any claims hercunder, said MORiGAGEE shait appty ro the Covrt having jwisdecrion the~eof for fhe appantmem of ~ Receiver, iuch Court shall forthwiith appoint a recciver of said matgaged property all and s~ngular, intlud~ng all and singu~ar the income, profits, issues and reven~es irom whatever scurce derived, each and every of which, it being expressly unders~ood, is hereby mwtgaged as if speu~icaUy set iorfh and described in the grant~r~g and h~bendum ctauses hereof, and such Receiver shall have all the broad and effective funct~ons and powtta in anywise entruated by a Court to a Receiver, and :::ch appoinfinens shall be made by wch Court as an sdmitted equity and a matter of absolute right to said N10RTGAGEE, snd without reference to the adequacy w inadequacy of the value ol the property mortgaged w to Ihe so~vency or ~nsolvency of said MORTGAGOR or the defendants, and that such renrs, profits, income, issues and revenues ahalt be applied by such Receiver accord~ng to the lien or. equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perfam, dischsrge, execufe, efiect, complete, compfy w~th and abide by each and eve~y 1he stipulations, agreements, conditioru and covenants in sa~d promissory note and this mortgage xt fath. 9. That in the event the ownership of the mwtgaged premises, w any part the~eof, becomes vested in a person other than the MORTGAC~OR, the i`.'.ORTGAGEE, irs successas and assigna, may, without notice to the MORTGAOR, deat w~~h such successw or successor in interest wi~h retere~ce to th~s m~•tgage and the debt hereby secured in the same manner as with Nb~tgago~ withaut in any way vitiating or d~scharging the Mongagori liability hert under « upon the debt hereby secu.ed. No sale of the Fremius hereby mortgaged and no fwbearance o~ the pari of the MORiGAGEE or its successors or assigns and no extens~on of the time for the payment of the debt hereby secured given by Ihe MORTGAGEE or its successors or assigns, shall operate ro release, d~scharge, modify change or affect the orig~nal liabil~ty of ~he MORTGAGOR Aerein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder w of the obligation se- cured hereby sha(I at any time thereafter be held to be a waiver of the te~ms hereof or of the instrument secured herby. I 1, tn add;tia~ ro the (wego:ng mortfhly paymems of ptint pal ant/ inte•est required by the p?omissory note secured hereb/, mortgagor covenants and agrees to pay to mo:tgagee vvith each mon~hly payroent an add~~ional sum est~mared by mortgagee to be equal to 1/1~ uf the annual cost of the follow- ~n~: A-All real property taxes levied or assessed agai~st thc above described ~eal esta?e. B-Premiu.ms on f;re and windstorm insurance as here~n requ~red to be carried on the ~mprovements s~tuate on the above described premises. C-Premiums on such mortgage guaranty insura~.ce as mortgagee shall from t;me to time deem fit ta carry o~ the loan secured hereby. Mortgagee sha?I from rime to time ~otify mortyagor in writing of the amount due and payable hereunder and such sum sFall thereupon be dve and ;.aYable on the dve dare of the next monthly pnymeM and each sutcessive month thereafte~ until mortgagee shall notify mortgagor of a change in such a•~,ou~t. Such sums sh.ail be applie~ by matgagee toward the payment of real orooerty taxes, insurance prem:ums, a~~d mortgage guaranty inwrance p~emiums. IN 1Y7TNE55 :YHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and r fer t aforesaid_ ~ ~5igned, Sealed and de :vsred ~ n ~e presence o~: ' ~ ~ al) _ - ~ ' Obezt F. Henry an - (Seal) i ~ ~ ~ ~ 1c- lSeal) ~ Nozaa Henry ; STATE Of FLORIDA ~ COt1NiY OF SL • LLiC1Q ' Robezt F . Henr Before me personally appeared y ' and ! NOI~ Henry his wife, to me well known and know~ tu me to be ti,e individuals described "an and who exec~ted the fwegoi~.g instrurrKM, and atknowledged before me that fhey executed the same fof t}~ _~gyrposes rherein expressed. And the said Np1'Sa HenrY - i . ' e--':-'E`r-- i ,N~fe of the said RnhpY't F_ H~fr,~ ~upbn.a,sep~pte'~n~.}i~tvate ! e,am~natwn by me taRen separate and apart from her said huaband, acknowledged ro and bcfore me that she executed said wtitrumen't'f[eefy and•votu~- rarily and wilhoot any compulsion, constraint, apprehr~s' *4r fear of or from F~r~ said 6usband_ " ~ t ~ • _ / ~ + ~ . j WITNESS my hand and oflicial seal thi~ ~ day of ~ 'r q_'~~~¢~~ - ° - _ Motary Public in a f tp floride Yf lri ~ Return To: My Commission expires y ~1-- . ~,,-~~~~,.~~~~-75 first Federal Savings 3 Loan Association ~ i j~~ O( Fort v,rrce. fIlEO ANC F[~`.':t0E0 ~~iq~.,~„~ Fo~~ P~rrce, flor~da ST.~UC:t Lt3UNT1? f1A. RGCi= FJ''RAS CIEF= G:~.~'1:i CUURT ~L_~ oF~~?~r vF• ~1=D This Instrument Prepared By Richard K. Kryes ~ 3G i~ 45 ~li'73 First Federal Savings & Loan Association of Fort Pierce , F2ozida ' 2468U2 Checked By ~ ~ ~1~ P1GE 1535 r/ 3G')< ° - _ - - , . ~ - ~ _