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Home My WebLink About1815 ~ 3. To plac~ and continuo~sly keep on the bui!dings now a hereafte~ iitu~t~ on esid land ~nd on all equipment +nd personally covered by this morrq~ ! ~ge, with •II premiums thereon pa~d in full, (ire insurance in ~he usual sranderd poticy Form, in a sum approved by 1he MORCGAGEE, and windsto~m , ~~suranc~ in ~hs usual standard pol;cy form, in ~ sum app~oved by ~M MORiGAGEE, in such cocnpan'y w tompanies as ~he MORTGAGEE may ~ direct; u+d all fire and w3ndstorm insurance pot~c~es on +~y of w~d bu~Id~ngs. ~ny tnteres~ therein or pa~~ ~hereof, in the aggregare sum aforesatd o? ! in excess thereof, thall co~tain ~he usual s~anda+d mortga9e~ ctause w iuch othe~ tlaus~ as 1M Mor~9ayes may requ~r~, makin~ the tass under ~a~d pol~ ' cies, each and every, payable to said MORTGAGEE as ~ts intereit may ~ppeu, and eatA a~d every s~ch pol~cy shall be promptly ass gn~d a~d detivered ~o •ny held by ssid MORTGAGEE as fu+ther security to wid mortgage debt, and, not leu ~han ten (10) dayi in advarue of the expirot~o~ of each policy, to da liv~r ro said MORTGAGEE a rei+ewal thereof, toge~her witA a rece~p~ for the pnmium of ~uch ~enewal; and ~here ~hatl be no f~re or winds~o~m insu~ance plated on any of said build+ngs, any interest thereen or pa+t thereof, v~less i~ the form and witA tF~e tos~ oayable ai a(aesaid; ar.d in ths event any sum of monsy becomai payab~e undsr such policy a policies sa~d MORTGAGEE shall have tM opt~on ~o recrive and apply ~Ix sa~ne o~ accoun~ o( the indabtad neu xcured hereby ot ro permit saed MORTGAGORS to ~eceive and use it or any part ~hereof fw oiher purpases, ~v~tho~t th_~~o~ wai~~~~~ or ~~~~p.,~~- ing any eqvity, lien w riqht under w by virtue of this mo:•gagej ~nd in the tvcnt ~a~d MORTGAGORS shsll fw any reason fail to kecp tke sa~d p~em~srs so insured, p fail ro delive~ promptly any of said policies of inswence to sa~d MORTGAGEE, or fail prompfly to pay fulty any pre~ni~m therefor or in a~y respect fail to paform, distharge, execute, effett, camp~ete, comply wilh a~~d ~bide by thii cove~ant, o? any pa~t hereof, said MORTGAGEE may place and pay fa such ins~~ante or any part thereof without wsiving or affecting any option, lien, equ~ry, w right unde~ or by virtw of this Morfgage, +nd thc fu11 smouot of each snd every tuch payrrKnt shall be immediatcly dw and payabk and ~hall bear interasi from ~l~e date thereof until paid at ~he ~are of nine pe~ centum pa annum and to~ether with such interest shall be secured by the lien of Ihis matgage. 1. To permit, commit w suffe? no waste, impairment w deteraration of uid p!opcrty w eny pan thereof. 5. To pay all and singular the cwts, charges ~nd expenses, ~ncluding a rcasonsble attwney's fee and cos~s of abs~racts of title, incurred or paid at any fim`e by said MORTGAGEE, beca~u w in the event of the fa~lure on the par~ of the ssid MORTGAGOR to duly, prompeiy and fully perFwm, d~xharge. _ e,cecuro, effed, complete, compty with snd ab~de by~sach and every the st~pulauons, agreemeros, cond~tiau, and covenants of said prom7:sory note and ~h~i mortg~ge any w either, and ia~d costs, cMrges and expenscs, each and every, sh~tl be immediately due and payable; whether p not there be notice de~ mand, attempt ro collect w suit pe~d~ng; ~nd the f~ll amount of each and every such paymeN sFwll bear interest from the d~te the~eof vntil paid st the rare of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such inrerest, shall be setured by the lien oi this mortgsg~. b. That (s) in the event of any breach of this Mwtgage w dafaul~ o~ ~he part of the MORTGAGOR, a:b) in the evenl sny of satd sums of money ~ herein referred to be not prompety and fully paid wi~hin th~rty (30) days nex~ after the same seve?a~ly become due and payable, without demand a noiice, or in the event each snd every the stipulations, agreements, conditions and covenants o~ sa~d promissory note and th~s mortgage any or e~ther are not ~uly, promptly and fully parformed, d~uharged, ezecuted, effected, completed, complied with and abided '~y, then in either w any such event the sa~d ag- gregate tum meotioned in said promissory note then remaining unpaid, with inte.est acuued, end all moneys secured hereby, sAatl become due and pay- able fwthwith, a thereafter, at the option of said MORTGAGEE, as (ully and completely as if all of the said sums of money were orginalfy st~pulated ro be pa~d o~ svch day, a~ything in sa:d prom~sso~y note or in this Mortgage to the cont:ary no~wiihstanding; and ihereupon a thcreafta a~ tlx oa~~o~ of sn~d MORTGAGEE, without notice or demand, suit at law or in equity, therefwe or the?eafter begun, may be prosecuted as if all moneys secured hereby nad matured pnw fo its institut~on. 7. That in the event that at the beginn~ng of or at any time pending any su~t upo~ this Mwtgage, or to fweclose it, or to refwm it, or to enforce payment of any claims hereunde?, said MOR7GAGEE shal! apply to the Court having junsd~ction thereof for the appo~ntment of a Receiver, such Cou~t shall forthwith appoint a receiver of said mortgaged p~opcrty aSl and singular, includm9 all and singv~ar the income, p~ofits, issues and revtnues trom whatever source der~ved, each and every of which, it being expressly understood, is hereby mortgaged ai ~ spec~iically set forth and deuribed in the granting and F.abendum ciauses hereof, and such Receiver shall have all the broad and effecr~ve funct~ons and powees in anyw~se entrusted by a Cowt to a Receiver, and :~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and w~tFwut ro(ere~ce to the edequacy or inadequaty of the value of the property mortgaged or to the so~verxy or insofvency oi aaid MORTGAGOR p the defendanri, and that such re~fs, profits, ir?come, iuues and revenues shall be applied by such Receivrr accwd~ng to the lien w equity of said MORTGAGEE and the practice of such Courf. 8. To duly, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and every the stipulations, sgreements, :onditions and covenants ~n sa~d promissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vestcd in a person other than the MORTGAGOR, the MORTGAGEE, its successws and ass~gns, may, without ne•:ce to the MORTGAOR, desl with such successw w successor in inte~est with reference to thie moitgage a~d the debt hereby securtd in the same manner as with Mortgagor without in any way vitiating or dixharging the Mortgagors' liability here- ~nder or upo~ the debt hereby secured. No sale of the p~emises hereby mortgaged and no fabearance on the part of the MORiGAGEE a its successors or assigns and no exrension of the t~me fw the payment of the debt hereby secured given by the MORTGAGEE or its successws or au~gns, ahall operate to release, d~xharye, modify thange a a(fect the original liability of the MORiGAGOR Fxrein, either in whole or in psrt. 10. It is specifically agreed that time is of the essence of th~s contract and that ~o waiver of any obtigat~on hereunder w of the obligation sr cured hereby shell at any time thereafter be held to be a waiver of the terms hereof w of the inst~ument secured herby. 11. In add~teon to the forego:ng monthly payments of print'pal and interest required by tAe prom:ssory note secured hereby, mwtgagor tovenants and agrees to pay to mortgagee vvith each momhly payment an add~~ional s~m est~mated by mortgagee to be equai to 1~ 12 of the annual cost of the follow- r,g: A-All real property taxes levied or assessed agai~st the abpve descri_.~d real estate. B-Prem~ums on fire and windstorm insu~ar.ce as hece~n requ~red to be ca~ried on the improvements s+tvate on the above described premises. C-Premiums on such mwtgage g~aranty insurar~ce as mortgagee shall from t;me to time deem fa to carry on the loan secured hereby. Mwtgagee shail from time to time notify mortgagor in writing of the amount due a~d payable hereundrr and such sum shall thereupon be due and F.ayable on the due aate of the next monthty payment and each successive month thereafter urtil mortaagee shall notify mortgagor of a change in sach ~ a nount. Such s~ms sF.a:l be aFplied by mortgagee toward the payment of real properry taxes, insurance prem;ums, and mortgage guaranty insurance ~ p*emiums. i fN WITNE55 WHEREOF, the wid MORTGAGOR has hereunto set his hand and seal the day ear tirst afwesaid. t Signed, Sea! tiv d in the presence of: ~ i ~ ~ a~ ~ ~ ~ Ja c T Blair c~eq ~ i ~ • ~i / ` (Seal) ? lY t$~al) i - 3 ~ S7ATE OF FLOitIDA 1 ~ St Lucie f couNnr oF • i Before me personally appeared Jaek 2• BZd1I eMJ 2helaa Jean BZalY his w7fe, to me well known and known to me to be rhr individuals deuribed in and who executed the fwegoing instrvment, and xknowledged befwe me that they executed the same for the purposes ~ rherein expresscd. And the sa~a Thelma Jean B1alY ~ wife of Ihe said Jack T. Blair upon s separate'si~d priv~te eaaminat~on by me taken separate artd apart from her said husband, scknowledged to and before me that she executed said instrume111`fc~Ir ariA,yolurr ~ ~ rarlly and without any compulsion, constraint, appr slo w fesr of w from her said husband. ~ Deceaber WITNE55 my hand and official seal thi day of A D. 19.~~ ~ ~ ~ - t~ _ ~ Notary Public in and for t Ntr_ ids t~e _ _ My Commisiwn expires: /~y - ~ ~ _ : Retum To: CX;~ ~ f~ ~ `i first Federal Savings 3 loan AssociatEon . . • ~ ZJ ~ ~ Of Fort Plerce- A% Y j+, i ii ~ t~ Fort Pierce, Florida "•r.~1~~~~ti ~ r F1LE0 Ahp REC09~E0~ ET. IUCtE CG~NT,~ ~lA.:` RO~,E ~ ?C:TRAS ( This Instrument Prepared By ~~chard K. Ka es CLERK Ci;:CUtT COUR# ~ First Federal Savings 8~ Loan Assoaa ion y RF~~Pn V-`R r E~ ~ of Fort Pierce~ Flor ida ~Ee i 9 39 aN ~13 ~ ~ Checked By ~ ~ o R ~4~i9'79 ~ dooK 2i0 ~~E 1813 - _ _ - - - : - ~ ` ~ _ ~~.~r~'~ u.~ . ~ . _