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Home My WebLink About2860 • ~ i~ 3. To place snd continuously kcep on the bu~ldings now a here~fta ~itu~t~ on said I~nd and on alt equipmero and per~onally covered by this mortg- ags, with all premiums thereon pa~d in tuli, fire insu~anta i~ iM us~~l standard poticy fam, in a sum approved by the MORTGAGEE, and windstam ~nsur~nce in IM usva) siandard pol~cy torm, in ~ ium approved by tht N10RTGAGEE, in tuch canpany or compa~ies ss the MORiGAGEE m+y direcl; and all firs and w~nds~orm insurancs po~~cies on ~ny oi said build~n~i, +ny intares~ therei~ or ps?t ~hereof, in the aggrega~e sum aio.esaid or fn exceu thereof, thall contain the usual standard mortyagee ciaus~ a such other clavse +s tM Matga9ee may rcqu~ra, makinp ~he loas unde? sa~d po~~ ues, each and every, payable to said MORTGAGEE as its interest may sppe+r, ~nd each and every svch pol~cy ihall be promptly ass gned and de~ive~ed to any held by said MORTGAGEE as further security to uid mortgage debt, and, ~ot leu 1ha~ ten (10) days in advance of the expiration of cach poticy, to de- livsr to said MORiGAGEE a renewsl thereof, toqether with a receipt iw the premivm of suth re~ewat; and there shall be ~+o f~re o~ windstor~n insurance placed on ~ny of said buildingi, ~ny interest therei~ w part fhereof, ~nless in tl?~ form and wiih the lou payable at afaesaid; and in the event any sum of money becomes payable unda iuch policy w pol~cies uid MORTGAGEE shall have the opt~on to recei~e and apply the same on account of ~he indrbred- ness secured hereby o~ ro perm~t sa~d MORTGAGORS ro receive and use it or any part thereof fo~ otner purposes, w~~hout tharrui w.:l~~ „r o~,par.- ~ng any cqu~ty, lien w right under w by virtus of this mo:!9a9e; ~nd in th~ ~ven~ iaid MORTGAGORS shall fd a~y reason fail to keep ~he sa~d p~emis:s so ~nsured, or fail fo deliver promptly sny of said policies of insurarxe to said MORTGAGEE, a fail promptly to pay fully any preni~um therefor o~ in a~y respect fail to paForm, discharge, exc~cute, effetl, tomplete, comply with and abids by this tovenant, or any par~ hereof, said MORTGAGEE may place a~~d pay fo~ such ~nsurante or any part thareof without waiviny o+ affecting aay option, li~n, equity, o~ ~ight under a by vi~?ue oF this Mortgage, and the f~ll amount ol cach and every such paymem shall be immediately du~ ~nd payable and shsll bea~ intere~t from the date thereof u~til paid at the ra~e ot nine pe~ centum per annum and togetYte~ with such interest shali be secured by the lier? of thii mortgage. 1. To permit, commit or suffer no wute, impairment w deteraration of said property ot any part lhereof. 5. To pay all and singula~ ths coats, charges and expenses, includirg a reasonable attorney i fee and costs of abstreds of title, incur.ed o~ pa~d at any time by uid MORTGAGEE, because a in the event of the failure on the part of the ssid MORTGAGOR to duty, promptly and fully per(o~m, d~xharge. exrcute, effect, complete, comply with and ab:de by each and every the atipula~rons, agreements, conditions, and mvenants of said promissory note and this morigage any w either, and sa~d costs, charges and expenses, each and every, sha~l bs immediately due and payabte; whether or not there be not~ce dr mand, attempt fo tollect w suit pend~ng; and the full artaunt of etch and erery such payment shall bea? inrerest from the date thereof until paid at the ra~e of nine pe~ centum per annum; and all uid co~ts, charges and expenus incurred or paid, logether w~th such interest, shafl be secu?ed by the lien of th~s mortgage. 6. That (a) in the eve~t of any bresch of thes Mortgage or default on the part of the MOR7GAGOR, or (b) in the eveM any of sa:d sums of money herein referred to be not promptly and fully paid withi~ thirty (30) days neat after ~he same severally become due ~nd payable, without demand or notice, ar (c) in the evcnt each and every the stiputations, agreements, conditions and covtnants of sa~d promissory note and th~s mortgage any or either are not ~uly, promptty and fuliy perfwmed, d~uharged, executed, effected, completcd, complied with ~nd abided ~iy, then in e~ther w any such event the taid ag gregate sum menrioned in said promiuory note then remaining unpaid, with interest accrued, and a11 moneys secured hcraby, shall becume due and pay- eble forthwrith, or thereafter, at the oprion of said MORTGAGEE, as fully e~d completely at if all of the said sums of money were or~ginally snpulated ro be paid on such day, any~hing in sa~d p?omissory ~ote o~ in this Mor~gsge ~o the contrary notwithstanding; and ~hereupon a thereafter at the op~~on of sa~d MORTGAGEE, without notice or demand, suit at Iaw w in equity, thercfore or thcreai~cr beyun, may be Frosecuted +s if •II moneys secured hereby had matured pr~w to ~ts institution. 7. That in the event that at the beginning of p ~t any timt pending any suit upon this Mwtgsge, w to foreclose it, or to reform it, o~ to enforce paymc~t of any claims hereundm, said MORTGAGEE shsll apply to the Court having jurisdrction thereo! for the appointment of a Receiver, such Co~rt :hall Foiehwiih appoint a receiver of ssid mortgaged property all and singu!ar, includ~ng all and si~gular the income, proi~ts, iuues and revenves from whatever source derived, each and every of wh:ch, if bein9 expressty understood, is hereby mwtgaged as if spec;fically set fath and dewibed in the grsnting and habendum ctauses hereof, a~d such Receiver shall have ~II the broad and effective funcf~ons a~d powers in anywise entrusted by a Court to a Receiver, and svch appoiniment shall be made by such Gourt as an admitted equity and a matter of absolute right to said MORTGAGEE, and wifhout reference to the adequacy w inadequacy of the vatue of the propery mor~gaged w to the wwency or i~solvency ot said MORTGAGOR w the defendants, and that such reros, pro(its, income, iuues and revenues shall be applied by such Receiver accord~ng to Ihe lien or equity of wid MORTGAGEE and the practice of such CeuA. 8. To duty, p~omptly and fully perform, diuharge, execute, effect, complete, comply with ~nd abide by each and every the stipulations, agreements, conditions snd covenants in said promissory note and this mortgage set fwth. 9. TI?at in the eveM the ownership of the morigaged premixs, t+i sny parf thereof, becomes vested in a person other than the MORTGAGOR, the h1QRTGAGEE, its successors and auigns, may, without notite to the MORTGAOR, deal wi~h such successor a successor in interest with ?eference to this n,o~tgage and the debt hereby setured i~ the same manner as with Mortgago? without in any way vitiating or dixharging the Mortgagori liability herr under w upon the debt hereby secured. No aale of the Fremixs hereby mortgsged a.~d no forbearance on the pan of the MORTGAGEE w its successors ur assgns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or au~gns, atiall operate to release, d~xharge, modify change or affect the original liab~lity of the MORTGAGOR herein, eitF?er in whok w in part. 10_ It is specifically agreed that time is of the essence of this contract and that no wsiver of any obl~gat~on hereunder or of the obligsYan sr cured hereby shall at any time thereafter be held to be a waiver of tFu terms hereof or of the instrument secured herby_ I1. In addition to the forego:ng monthly payments of princ'pal and interest requi~ed by the p~omiswry no~e aecured he:eby, mortgagor covenants and agrees to pay to mo:tgagee v~rith each momhly payment an add~rional sum estimated by mortgsgee to be equal to 1%12 of the annual cost of the follow- ~ng: ' A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried o~ the improvements situate on the above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t;me to t~me deem fit to carry on the loan secured hereby. Mwtgagee shatl from time to time notify mcvtgagor in writing of the amounf due and payabl r and ~uch sum shall thereupon be due and ~ ayable on the due date of the next month!y payment and eath successive month thereafter u nwAgagee-! a change in such a~•,ount. Such sums sFall be applied by mortgag~,e toward the payment of real property taa , insurance prem; mortgage gua~nty insurance ;xemiums. i IfV ITNESS WHEREOF, t6e said MORT }1GOR has hereunto ut his hand and seal the ay and year first a E ig , Sealed and liv Zd in the nce of: / E n ; R bert M. C x ~ (Sea4 t (Seal) ~ L i~ ~ ,~.X (Seal) ; STATE OF FLORIDA Griselda S. COX ~ St . I. UC 7. @ ~ S5. ~ CGUNTY OF t ~ Befwe me penonally appeared Robert N1. COX a~ Griselda S. COX his wife, to me well known and known to me to be ~ the individuals desvibed in and who executed the fo?e ~an~ instrument, and acknowledged before me that they ezecuted the same fw the purposes ~ Cir15@iC~ COX rherein exp~essed. And the said ~ ~ w~fe of the said RG1~Qi t~.~'p,x upon a sepa~ate and private examinat~on by me taken separate and apart from her said husband, etknow0edged to and before me that she eaecuted said instrument freely and volun- ~ rarily and w~thout any compulsion, constraint, apprehensiort._.p? fear of or from her said husband. O~ WITNESS my hand and offic;al seal this ,y day of A. D. 19 73 _ ~rL/ ~ Notary Publ' n and for the State of f{orida at large My Commi expircs: ~u~. / 9 7 a ~ Return To: - firsf F e ders l S avings a loa~ Association • - - Of Fort P~erte. ~i,~~~,. Fort Pierce, Florida ~ ~ FIlEO Ah~ kECOR~EO . • ~T.IUC~E COUNTY fLA. t r ' : . ROC%4 F~tTRAS ~ ~ ' CIERK CI~~CU~f COURT This Instrument Prepared By~i~hard K. Kayes - RECO~.E i?~ ~'~f?ED.~~ ~ Firs t Fe dera l S aving s & L o a n A s s o u a t i o n - ~ _ of Fort Pierce ~ Florida . . . - _ = ~0 13 1016 AM 73 Checked By ~ " ~ - ~ ~ , - o ~ ~ . 24?~~15 6oox~10 PacE2s57 ~ sb ~ y ~ - - Y--- - - - _ _ - _ _ . _ _ _ -