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Home My WebLink About2858 9. To place and con~inuously keep on the buildings now w hereafte~ ~itu~t~ on said land and on all equip~nent ~nd pe?sonally covered by thi~ mortg- egs, with all pramiumf thereon pa~d in fvll, fire ir+sur~nce in tM usual ~tandard policy fam, in • sum approved by the MORTGAGEE, and w~ndsrorm iniurance in ~M usual siandard pol~q lwm, in ~ sum approved by the MORTGAGEE, in such company w compa~~es ~s the MORiGAGEE may d~ratt; and all (irs and wlnd~torm iniurant~ policies an any of taid buildinps, any inte.~st tMrein or part thereot, in tM aH9re9sre tum afae~aid w in excesa thereof, ahall cont~in tM uiual srandard mw~gayee cl~uss w such o~ha~ tl~ut~ ~s tM Marpsges may requ~re, makinp the ioss under ia~d polt cie~, each and tve~y, payable ro said MORTGAGEE its in~e~eit may ~ppear, and e~ch and every tuch poticy shall be promptly ass gned a~d delivered ro any held by said MORfGAGEE af further security to said mortpay~ debt, and, not I~u ~Mn ten (10) days in edvance of the expirat~on of each pol~cy. ~o d~- live~ to said MORTGAGEE a renew~l thereof, topethN with • reteipt fw the prtmiwn o( tuth ~enewal; ~nd there shall bs no f~~e o~ windsto~~n insu~ance placed o~ any of said b~ild~rga, ~ny inter~t there~~ w part thertof, u~less in the fam snd w~th the lou pay~ble a: afo.esaid; snd in the event any sum of money bccomes payable under such policy or policies said MORTGAGEE shall havs tM option to receive and apply tM ssme on accoum oi the indeb~ed ness securcd hereby o~ ~o permit said MORTGAGORS to recriv~ and us~ it a any part thereof fa oti,cr purposes, v.~~hout ~h_r~o~ v.~aiv~:~g or ~~~~pa~.- ing aoy equity, lien or right under a by virlw of thii mort~age; ~nd in th~ ~vent iaid MORTGAGORS shall fw a~y reason fail to keep Ihr said premisrs io insurcd, ot fail to delive~ promptly any of faid polities of insur~nce to sa+d MORTGAGEE, or fail promptly to p+y +ully any prem~um eheretw o~ in any ' respect fail ro perfam, d~scharge, execute, ef(ecf, complete, comply witA and •bid~ by th~s covenant, a any part 1?ereof, said MORTGAGEE may p~ace an0 F pay for such insurance or any part thereof without w~ivi~p w affectirg any option, (ien, equity, or right under w by virtue of this Mortgage, and the f~ll amount of esch and every ~uch paymeot shall be immedi~tely dw and payabt~ and thall bea. interest From ths date thereof until pa~d at the rate ol nine per centum pa annum and to~rther with iuch interest shatl be secured by the lien of thi~ mortyage. 4. To permit, commit a suffer oo wsste, impairment w deterioration of taid property w+ny part the?eof. 5. To pay all ~nd singular the costs, char~es snd e:penus, includiny a reasonable attwney's fee and cwts of abstracts of t7tle, incurred or pa~d at any time by taid MORTGAGfE, because o~ in the event of tM failure on the part of tht taid MORTGAGOR to duly, promptly •nd fully per(orm, d~xherge, execute, effect, complete, tomply with snd ab~de by each ~nd every the stipulatwns, agreeme~rs, conditions, snd covenants of said p~omiswry note and fhis mwtgage ~ny or e~the~, and ~aid cosb, cMrges ~nd expenses, each and every, shsll be immediately dve and psyable; whether w not there be not~ce dr mand, attcmpt to coltect w suit pending; and the (ull amo~nf of each ~nd eve~y such paymem shall bea. interest from the date thereof unfil paid at the raie of nine per centum per annum; and all said costs, chargea ~nd cxptnses inc~rred or paid, together w~th such interest, ihall be setu~ed by the lien of this mortgage- 6. Tfist (a) in the event of sny Mesch of this Matgsge a defsuN on the part of the MORTGAGOR, or (b) in fhe event any of sa~d sums of money herein referred ~o be not promptly and fvlly paid within thirty (30) dsys nexf after the same severally become due s~d payable, without dcmand or norice. or (c) in the event each and every the sfipulations, agreementt, conditions and covensnts of sa~d prom~swry oote and th~s mortgsge any w either are not ~uly, promptly and fully perfwmed, d~uharged, executed, effected, completed, complied with and abided by, then in either or any such event the said ag gregate sum rrKntioned in taid promissory note then remai~in9 vnpaid, with interesf xcrued, snd all moneys secured hereby, shall become due and pay- able forthwitF~, or thcrcvfter, af the oprion of said MORTGAGEE, a~ fully and compterely as if all of the said sums of money were a~ginally itfpu:ated to be paid on such day, anything in said p~omiuory note a in this Matgage to the contrary notwithstanding; and thereupon or thereafter at the option of sa~d MORTGAGEE, without notice or demand, su~t at law a in equity, therefae or therealter begun, may be proxcuted as if •11 moneys secured hereby nad matured pnw to its irotitution. 7. That in the event that at the beginning of w at any time pending any suit upon this Mortgage, or to fweclose it, w to reform it, or to enforce payment of any claims I+er~under, said MORTGAGEE shall apply to the Court having jur~sd~nion thereof for the appointmcnt of • Rece~rer, such Cou~f shaii forthwith appoint a receiver of said mortgaged propeny all and singular, includ~ng all and singular the income, profits, issuei and revenues from wAatever source derived, each and every of which, it beirg sxpressly understood, is :.arcby mortgaged as if spec~fica~ly set forth and desc.~bed in the graneing and habendum clauses l+ereof, and svch Receiver shall Mve all the broad and effective funct~ons and powera in anywise entrusted by a Cou~t to a Receiver, and s~ch appointment shal! be made by such Court ss an admitted equity and a matter of absolute ~~ght to said MORTGAGEE, a~d wirhout reference to the adequacy o~ inadequscy of the wlue of the p~operty mwtgaged or to the solvency or ~nsotvency of said MORTGAGOR a the defendants, and that such renrs, profits, income, iuues and revmues shsll be applied by such Receiver sccordiny to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perfwm, dixharge, execute, effect, complete, comply with and abide by each and every the stipulations, a9rcements, conditions and covenants in said promiasory note and this mortgsge set fwth. 9. That in the event the owncrship of the morlgayed premixs, or any parf thertof, betomea vested in a person other than the MORTGAGOR, the VORiGAGEE, its succeuors and sssigns, r?Wy, without notice to the MORTGAOR, deal with such successor a successor in interest w~th reference to th~s mortgage and the debt hereby setured in fhe same msnner as with Mortgagor without in any wey vitiating w distharging the Mortgagors' liabitity hero- under or upon tF~e debf hereby secured. No wle of the premises hereby mortgaged and no forbearance on the paN oi the MORTGAGEE w its successors or assi9ns and no extension of the time fw the payment of the debt hereby securtd given by the MORTGAGEE or its successws or assigns, shall operate ro release, discharge, modify change w affect the orginal liability of the AhORTGAGOR herein, either in whole w in part. 10. It is spec~fically agrecd that time is of the essence of this contrad and that no waiver of any obligation herrunder or of the obtigation se- cured hereby shall at any lime rhereafter be held to be a waiv~r of the te.ms hereof or of tF?e instrument secured herby. ; 11. In add;t~on to the forego:ng monthly payments of princ'pal and interesl required by ~he p:omissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee witt~ eath mo~rhly payment an add~rional sum estema~ed by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-A~I real property taxes levied or assessed against the above described rea! estate. i B-Premiums on fire and windstorm insurance as herein requ~~ed to be carried on the improvemeats sit~ate o~ the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall f~om rime to time deem fit to carry on the loa~ secured hereby. Mortgagee shall from time to time notify mortgagor in writing of ihe amount due and payable hereunder and such sum shall thereupon be due and ;.ayable on the due date of the next month~y payment and each succezsive month thereafter ur,til mortgagee shall notify mortgagor of a change in such I~ a-~ount. $uch sums sF.all be applied by mortgagee toward the payment of reat property taxes, insurance prem;ums, and mortgage guaranty insurance premiums. ` IN WITNE55 WHEREOF, the said MOjtTGAGOR has hereunto set his hand and seal the day and year first aforesaid. E `:Signed, Seated and deliv~reqi in th presence of ^ E _ ' ~/~s7G'-d'~ ~~G~'~/ t5eah ~ ~ ~ Roscoe A. Edwards (~,n { ~ - ~ (s~a~~ - •~f/G ~ ~ (Seal) = - ~ ` € 2helma M. Edwards 1 STATE OF FIORIDA ~ CCUNTY OF St . Luc ie ~ = Befwe me persanally appeared ROSCO@ Edwards and ~ ~ ?heleaa M. Ed~?ards ~ the individuals described in and who executed the fwega inttrument, and adcnpwl his wife, to me well known and known to me to be ny edged before me that they executed the same for tt~e purposes rherein expressed. And the said ThQl~ M, Edw8rds ~ Roscoe A. Edwards „ wife of the said upon ~ separate snd private 5 examination by me ta4en separate and apart from her said husband, acknowledged to and before me that the executed said irwnumiht freely. and volurr ~ ra~~ly and w~thout any compulsan, constraint, appreheny~pn„ }or fear of or from her siid husband. ' 73 ~ Y ~ February ~ ~ •a ~9 ~ WITNESS my harsd and official seal this da of s _ _ t, 8 - . N tary Public in end or t St~te b~ Flqti~a it laige • M~i Commiuyion expires: ~ ! v Retum To: / S ~ ~ . '`C ~ -J FSrst Federal Savings 3 Loan Association i'•., ~ Of Fort P~erce. r s Fort Pierce, Florida , ~ y ~ . I!LEO AM'' 'tEE~PD~~ ~ f1,lU~lt °.'3+1M t~ fLA. y This Instrument Pre ared B D. F. Holerget Rq~%~ £')'{+tAS ~ ' First Federal Savin s~ C an Assoyciation CLE~X ..Jti COURt ~ of Fort Pierce ~ Florida of v: ~~ffl ~ ~ fce I~ 19 ~6 AH'73 ~ Checked By i-+ ~ 24'7'714 ~ ~'oo~Z~O r;;r2~J~J c ~ . . . . - . _ . - - - - - - - . l