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Home My WebLink About0391 7. To pl~ce •nd cont~nuously keep on ~he lwi'.dings now or herrafter situat~ on faid land snd on ~II equipmero ~~d perw~ally covaed by this matp~ sp~, wi~h all premi~mt ~he~eon pa~d in iull, lire insursnce in tM u~ual srandard policy fam, in • sum approved by the MORiGAGEE, ~nd windt?am insw~nc~ {n tM uswl s~andard pol;cy form, in + sum apR~oved by tM MORtGAGEE, in iuch company or comp+n~es ~s ~te~ MORIGAGEE m+y dintt; ~nd •11 fire •nd wlndsrorm insuranc~ policies ai any ot uid buildirpt, ~ny int~~~st tl+e~ei~ w part Ihcreof, in tM a~.ega~~ we+ afaesaid a in ~xceu lhereoi, ~hall comain ~hs usual ~tanda~d mwtyay~e cl~us~ u~uch o~he~ dauts a tM Malyagee msy requ~r~, makiny the loss unde~ ss~d poli~ cies, eacA a~d evtry, payable ~o sa~d MORTGAGEE as its interrst n~ay appsar, a~d each a~d eve.y such poi~cy shall be prompNY +~s.yncd and delive~ed to any held by said MORiGAGEE as (u~~her setur~tY to said mort9a9e deb?, and, not leu th~n len (10) d+YS ~n edvance of the exp~~at~on of eath policy, to d~- IivN 1o said MORTGAGEE a ~enewal thereof, to~e~her with • receipt fw the premium o1 tuch renewalj ar.d ~here shall be no fire o~ wi~dstorm insu~a~c~ plKed on +ny of said buildings, any inte?es~ thsrein or part tha~eof, unless in ~M fwrn and with tM loss payablt as ~fwes~id; and in tM event any sum of mo~ey becanes paWble undrr s~ch policy w po~icies said MORTGAGEE ahall have ~he option to receive and apply the same on accouM o( the i~debted~ neu secured hereby a to permit said MOR:GAGORS to receive and use it or any part the:eol io~ o:hcr purposrs, v.~~ho~t tharco~ wa~~i~~3 or ~~~~pair- irp any equ~ty, lie~ a righ~ under or by vi~lue oi this mo:!gage; ~nd in the event sa~d MORTGAGORS sha11 fw any reason fai) to keep the said prem~s~K so insured, w fail to deliver promptly any of said po~~ties o) insurance to said MORTGAGEE, or lail promplly fo pay }ully any pre~mum therefor or in a~y reipect fail ro perforrty discharge, executs, etfecl, complete, comply with and ~bide by this cove~ant, or any part heraof, sald MORTGAGEE may place a~d pay fa such irourance or ~ny part thereof wi~hout waiving or affectirp any option, lien, equity, o~ righf under a by virwc of ~his Mor~ga9e. and the full amounl of each and every tuch payment sha11 be i~nmediate~y d~?e and payable and shall bear interesl f~om the date thereof vntil paid a1 the rate ot nine per centum per annu~n and to~ether with such intereat shall tx secured by the tien ot lhis mortga3e. 1. To permit, commit or suffe~ no waste, impairment a deterioration of wid propcrty or any parl thereof. 5. to pay all and s~ngulu the costs, charget and expenses, includ~rg a ~easonabte attorney's fee and costs of abstracts of title, incurred w paid at any time by said MORTGAG'.E, because or in ?he event of the failure on ihe pa~t of the said MORTGAGOR to du~y, promptly and fu~~y pe~~am, discharge, execute, eifect, complete, comply w~th and ab;de by each and every the stipulat~ons, sgreemants, condrtions, and covenants of said promissory note and this margaqe any a ei~her, and sa;d costs, charges and expe~ses, each and every, shall be immediately due and payable; whether a not there be ~otlce da mand, attempt to collect or suit pending; and ~he full amount of each and every svch payment shail bea. ime~est from the date ~hereof until paid a1 ~he rate oi nine per centum per an~~~m; and all said costs, charges and expenses inturred or paid, together w~th suth interest, shall be secured by Ihe tie~ of ihif ~nortgage. b. That (a) in the event of any breach of this lNorlgage or defaull on the part of the MORTGAGOR, w(b) in the event any ot sa?d sums of money herein referred ~o be not promptly and fully paid wi~l~in thirty (30) days nexl after the same severa~ly become due and payable, without demand or notite, or (c) in the event each and every ~he stipulations, agreements, conditions and covenants of sa;d promissory note and thls mo~tgage any w e~ther are no1 ~uly, Fromptly and iully perfwmed, discharged, executed, effected, compteted, complied with and abided 5y, then in either a any such evenf the said a¢ gregate sum mentioned in said pro~~~sswy nore then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forthtivith, or thereafter, at the option of said MORTGAGEE, as fully and comptetely as if all of ~he uid sums of money were or~g~na~~Y stiputated to be paid on such day, anything in sa;d promissory note or in this Mwtgage to Ihe comrary notwithstand~ng; and thcKeupon or thereafter at the op~fon of :aid M02TGAGEE, wirhout notice w demand, suit at law or in equity, therefore o+ therealter begvn, may be prosecuted as if all moneys secured hereby had matured pnor to its institution. 7. That in the event thar at the beginning of or at any time pend~ng any su~t upon this Martgage, o~ to foreclose it, w to refwm it, o? to enforce payment of any clai~ns here~nder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof for the appo~ntmeM of a.Receiver, suth CouA shall Forthwith appoint a rece~ver of said mortgaged property all and singular, indud~ng ail and s~ngular the income, profits, issues and revenues from whateve~ seurce derived, each and every of wh~ct., it being expressly understood, is hereby mortgaged as if spec~fically set forth and deuribed in the granti~g and habendum cla~ses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anqwise eMrusted by a Court to a Receiver, and svch appoinrment shall be made by such tourt as an admitted equify and a matter of absotute rigM to said MORiGAGEE, and wifhout reference to 1M adequacy or inadeq~acy of the value of the property mortgaged or to the so:vency or insolvency of sa~d MORTGAGOR or the defendants, and that suth renrs, proi:ts, income, issues and revenues shall be appt:ed by such Receiver according to the lien or equ~ty of said MORTGAGEE and the pradice of such Court. 8. To duly, promptly and fully perform, diuharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said promissory note and this mortgage set fath_ 9. That in the event the ownership of 1he mortgaged premises, or any parf thereof, becomes vested in a person other than the MORTGAGOR, the MORiGAGEE, its successors and assigns, may, without notice to the A~50RTGAOR, deat with such succeuor a successor in interest with reference lo this moreqaqe ard the d=bt hereby secured in the same mannet as with Mortgagor without in any way vitiating or d~stharq~ng the Mortgagors' liability herr under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the /~10RTGAGEE ar its succeuors or ass~gns and no eztension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successon or auigns, ahall ope~ate to release, d~scharge, mod~fy change w affect the onginal liability of the MORTGAGOR herein, either in whole o? in part. 10. It is specificaliy agreed ?hat ti~ne is of the essence of this contract and that no waiver of any obfigat~on hereunder ot of the obligation se- cured hereby shall at any tinze thzreafter be held to be a waiver of the terms hereof or ot the instrument secured herby. . 11. In add~tion to the fore9o ng montn!y paymeMS of princ"pal and imerest required by the prom~ssory note sewred hereby, mortgagor eovenants and agrees to pay to mo:tgagee w~th each mon+hiy payr,~ent an add;r.onal sum est~n;ated by mortgagee to be equal to 1 f 12 of the annual cost of ihe follow- ing: A-All real prope~ty taxrs ievied er assessed agai~~st the above described real estate. B-Prem+ums on fue and windstorm insurar.ce as here~n requ~red to be carr;ed on the improvements situate on the above described premises. C-Premiums on such mortgage g~a.anty insurar,ce as mortgagee shalf from t;me to time deem fit to carry on the loan secured hereby. Murtgagee sh~~: from ri~ne to time notify mcrtyagor in writ~ng of the amount due a~d payabte hereu~der and such sum shall thereupon be due and I~{ payable on the doe date of the riext monthly paymem and each successive momh thereafter urtil mortgagee shal) notify morrgagor of a change in such f amount. Such sums sF.ail be applied by mortgagee toward ihe payment of real prope~ty taxes, insurance prem:~ms, and mo~tgage guaranty insurance ~ premiums. ~ IN \YITNESS YlNEREOF, the said MORTGAGOR has hereunto set his ha~:d and seal the day and r first afwesaid. ~ S+gned, Sea~ed and de' e ed in the presence o `J~~~ ~1..- TP aQ A1 x der V. Hoy an . . ' • ~an . V i nia L . H~ ~ ` ~ - `'f~,q ~ ' ~ C,. , STATE OF FLORIDA ~ ~ +~'Q ~ ~ ~ COUtJTY OF St _ Li~~e I ~ D U• Before me personally appeared Alexander ~1. ~{O}? _ = x: v Q ~ A~ = Virginia L. H0~7 his w+ie, to me well kn~rq(1i+dj~'jown t~e ~o,~~ the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed ~e~~ta_'r~ for ip~ ~Fp~fse~~ fherein exp?essed. And the said V irginia L. ~'{O}? " .L~ '"a/i. - ? w~fe of the sald Alex~~der ~I HOy/ upon a'ypp~,atg~~~~~vate examination by me taRen separate and apart from her id husband, acknowledged to and before me that she executed said instruinent freeTy and vo~t ~ rarily and without any computsion, constraint, appca , r~of w from id husband. WITNE55 my hand and official seal this_ - day,~ h o. i973 ~ ; ' ~ L. Notary Public in and fw the State of fbrida at large ~ My Commission expires: ~ Retum To: First Federal Savings 3 loan Associatron NOTARV PUSLIC. SiATE of FlQP.1~A ~t . Of Fort P:erce. MY CC.Y.'i{SS:(';i F:t:=' :i : 1' , Fori P~e.ce, F:orida ~ 4nQ2d By fntti~.:.^. • This Instrument Pre ared B D. F. Holerger HlEOAMORE~pROEO ~ P Y 3T. lUClE COUMTY FIA. First Federal Savings 8~ Loan Association ROCER P0~lRAS ~ ! of Fort Pierce ~ RlotidB? CLERK CIRCUIT COURT ~ RFCORD YER'FIE~ ~ Checked By ~ ~ O? pu ~ r r~ eoox212 vACE 391 25U138 sb - _ - - - _ ~ ~ - ; ~ tP. - i,~,