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Home My WebLink About0966 1 lo pl~ce e~+d contin~w~,sly keep on the bui!d~ngs nowr a I~eroal~a ~~tw~~ on said land and oe+ alt equipmen~ •~d p..wnau~ co~•rad by ~hi. ma~¢ p~, w~1h all pramiums thereon pa~d in full, lire insu~ance in ihe uiual ~~a~dsrd policy fam, in ~•um approved by the MORIGAGEE, and windstam ~~suranc~ (n ~M usual N~nde~d pol~cy fam, in a sum appioved by thr MORTGAGEE, in fuch company o~ co~+panies as tM MORTGAGEE may dir~d; ~nd a11 hre ~nd wiods~orm insurance pohciat on ~ny of sad build~ops, aoy inqreit tMre~n or pa.t thereol, in ~M +ggrepa~~ wm ~fa~s+id a in ~ac~si ~hereol, ~hall contain tM viwl i~andard mort9aye~ ctauie a iuc1~ orlwr c1av~ ai N~e Morfg~Qe~ may requu~, maAi~p ihe Iou urKk+ ia~d po1F cia, eacF~ and every, payabl~ to iaid MORTGAGEE as iu intorcit may appea~, and cach and eve~y iuch pot~cy shatl be promp~ly au 9ncd and delivercd ~o ~ny held by u~d MORTGAGEE ~s fu~the~ sccurity to uid nwrtga9e debt, and, not leu Ihan len (t01 days in sdvance of the expir~tion ol e~ch policy, to dr ~iwr to t+id MORIGAGEE a rs~xwal theieoi, loye?hsr with a receipl for 1hc p~emium of ~uch re~ewal; and ther~ thall be no fire o~ wi~xlsto~m insur~nc~ p~+t~d on any of ssid buildinps, sny in~erat thereie? o~ part thereof, u~lea in the fo~m and with tM loss payeble ai ai«~se~d; and in tM event a~y sum of money becomei payable undar iuch policy or poGcies said MORIGAGEE shall have tbe op~~on ro~ecaive and spply the sa~ne on account oi the iodebted- neu.iecured hereby w to permit said MORTGAGORS to receive and we i~ w any par~ thereof for oihcr pu~~~oses, wlihout ~h_rru~ wai~~~vj w ~mpair• ing +ny equity, lien w r~ght ur+de~ w by virtw o1 thi~ morty~ge; ~nd in tiH ~vent sa~d MORTGAGORS thatl for any rsason fai! to keep ~he satd premi~es so ~~~vred, o? fai! to deliver pianptty iny oi ssid policies of in~uranta to said MORiGAGEE, w fail promptly to pay fully any pre~nium therefor w in any r~spett fail to perform, discha~ge. executs, e1feN, complete, comply with ~nd abide by ~his covenanf, w any par~ hereof, taid MORTGAGff may plece and pay fot tuch insurance or any part thereof without waivirg or affedinp any oplio», lien, equity, or ~ight under or by virtue of this Mort~aye, and the full unount of each and evcry such payment ihall be immediatsly dw and payable and shall bear interest from tha date thereoF until paid at the rate ol nine pet tentum per annum and to~rther with such interesl shafl be secured by the lie~ of this morf9age. 1. To permil, commit a suffer no wasts, impairmrnt or deterioration of said prope~ty q any parf ihereof. S. To pay ali a~d sing~la~ the costs, cha~gti and expenaes, including s rcasonabk attorney i fee and costa of abstrocts of title, incurred w psid at any time by said MORTGAGEE, becavse a in the event of the failure on the part oF the said MORiGAGOR to duly, promptly snd fully perform, dixharge. execute, effect, complete, cwnply w~th and ab~de by each and every the stipulahons, agreeme~t~, tondi~Fons, and covenants of said promissory note and thii mortgags any or eitl~er, a~d aa~d cosb, chuges and expenses, each and every, ~MII be immedia~ely due a~d payable; whethee w ~ot there be notite do- mand, attempt to collect w suit pend~ng; and the {ull amouot of each and every such paymem sball bear interest from rhe daro thereot unril paid a1 the i rate oF nine per centvm pe. anwum; arw aIl said costs, chacges and expenses incurred or paid, together w~th such intercsl, shall be setured by the lie~ of this matgage. 6. That (a) in the event of any breach of this Mwtgsge w default on the part of the MORTGAGOR, a(b) in the event •ny of said sums of money ~ herein referred to be not p~omprly and fully paid w;~hin thirty i30) d~ys nexf atter the same severally become due and payable, wi~houl demand o~ notice, or (c) in the event each and every the stipulations, agresments, conditions and covenant~ of sa~d promiswry ~ote and th~s mortpage a~y w e~lher are not ~uly, promptly and fully performed, d~scharged, exetuted, eifected, compteted, complied with and abided by, then in eifF~er a any such event the said a¢ gregate sum mentioned in said p~om~ssory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and pay- able fortF~with, o~ thereaf~er, at the option of said MORiGAGEE, as fully and completely as if alt of the wid sums ot money were w+ginally stipvlated to bt paid on such day, any~hing in sa;d p~omiuwy note or in this Mortgage to the contrary notwitharanding; and thereupon ot thereafter at the option of said MORIGAGEE, w~thout nor~ce or demand, suit a1 law or in equity, there(ore w thereafter begun, may be prosecuted ss if all moneys secured hereby had matured pr~w to ~ts institution. ~ 7. That in the event rhat et the beginnirg of or at any time pending any suit upon this Matgage, or to fwectose it, or to ~efwm it, or to enface payment of any tlaims hereunder, said MORiGAGEE shall apply to the Court having juiisdiction thereof for the appointment of s Receiver, such Cour1 shall Forthwith ~ppoiM a receiver of said mortgaged property all and singutar, includ~ng alt and sirgutar the irtcome, piofits, iuves and revenues from whateve~ sovrce derived, each and every oi which, it being expressly understood, is hereby mo~tgaged as if speci(ically set fonh and deuribed in the granting and habendum clavsa hereof, and such Receiver shall have all ~he broad and efiecrive funa,o~s and powers in anywise entrusted by a Courr to a Receiver, and :~ch appointment shall be made by such Court ss an admitred equity and a matter of absolute right to said MORTGAGEE, and withcut reierente to ths adequacy w inadequacy of the value of the property mortgaged or to the wivency or insolvency oF said MORiGAGOR or the defendants, and that such rems, profits, incw?K, issues and revenucs shalt be applied by such Receiver accord~ng to the lien a eqvity of sa;d MORTGAGEE and the practice of such CouA. ~ 8. To duly, promptly and fully perform, discharge, execute, effed, complete, comply with and abide by each and every the stipulations, agtcements, ~ conditions and covenants in said promissory note and this mortgage set forth. 9. That in the e.renf the ownershtp o~ the martgaged p~emises, or any part fhrreof, betomes vested in a person o?her than the MORTGAGOR, the MORTGAGEE, its successo.s and ass~gns, may, withoul notice to the MORTGAOR, deal with such succeuor or successor in interest with reference to Ihis mortgage and the debt hereby secured in the same manner as with Mortgagor wifhout in any way vitiating w diuharging the Mortqagors' liability htre- under o? upon the debt hereby secured_ No sale of the premises hereby mortgaged and no forbearance on the part of the lJ10RTGAGEE w its suctessors or assigns and no extension of rhe time for the payment of the debt hereby secured given by the MORTGAGEE or its successas w auigos, sha!! operate to reiease, d~scharge, modify change o~ afFect the original Iiab~fity of rhe MORIGAGOR herein, either in wFrole or in part. 10. It is specifically agreed Ihat lime is of ?he essence of this contract and that no waiver of any obligation hereunder w of the obligation sr cured hereby shatl at any time therealter be held lo be a waiver of the terms hereof w of the inslrument sec~red t~e~by. 11. In add;tion to the forego:~~g monthly payments of princ'pal and intr~est required by the promissory note setured hereby, mortgagor covenanis and agrees to pay to mortgagee with each monrhly payr.~ent a~ add+rional sum estimated by mortgagee to be equal to 1 f 12 of the annual cost of the follow- in~: A-Alt real propert~ tax<s levied ar assesced agai•~st the above described rral estate. B-Prem~ums on fire and windsto.m insurance as here~n requ:red to be carried o~ the improvements situate on the above described p~emises. C-Premiums on such mortgage guaranty ir.surar,ce as mortgagee shall ficm t~me to time deem tit fo carry on the loan secured here6y. Mo~tgagee shall from t~~ne to t~me notily mo+tgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable o~ the due date of the next monthiy payment and each successive mon:h thereafter untii mortgagee shall notify mortgagor of a cliange in such a^eount. Such sums shail be appiied by mortgagee toward fhe paymem of real properry taxes, insurance prem:ums, and mortgage guaranty insurance premiums. ~ IN WITNESS YlHEREOf, the sai ORTGAGOR has hereunto set his hard and scal thc da a i y year first aforesaid. a an defive in th presence of: ti .n nal i i ~,q ~ s~n _ SharOA M. Jel'ut ' g S r~al) ' STATE OF FL RIDA , ~ COUNTY OF St . j.li~lt t ~ ~ Before me personally appeared Oanald Riehar•d Jenninas e1~ f Sharnn M ~nnirf c 9 his wife, to me well known and known to me to be ~ rhe ind~r'~duals desuibed in and who executed the foregang instrument, and ackrwwledged before me that they exetuted the same for tFre purposes ~ rherein expressed. And the said Sharon M Jenninas i wife of the said -~~11a1d RiC~1 Y'd T nnlif0~ upon,a sepsrate and privafe i examinat~on by me ?aken separate and apart from her said husband, atk+wwledged !o and before me that she executed said instrument'fre~ly eod volurt~ rarify and without any compulsion, constraint, appre en $nd or fear of o~ from her id usband. ~ WITNESS my hand and official seal this - day of March ~ o-: ~9__7,g_ ~ . - - _ ~ Notar Public in and w t e State ~o~ Fl~r~,ls at My Comm~ssion expires: L/1/y~ ~~t Retum To: y ~ ~ t ~~l / first Federal Savings b loan Association ~-e~ S s- ' - Of Fort P:erce. , ~ ~ For: Pie~ce, Flo~ida ' ' ; . ; ' ~ F LEO AND RECOROE~ - ' h' • m ROCER POjttAS ~ T~s Instr.? ent Prepared By J. H. Roberts~ .1=. ~~ERKCiRCU1tCOt1~1 Y{I~ ; First Federal Savings 8 Loan Association ' of Fort Pierce REti4R0 VERtF1ED~..~..~~ ~ , Rlorida ; Checked By - ~ ~ ~ i ~ 800K 21~ PACE 9U~ 2rJUSSO ! i I ~ _ ~ .a : : - - - - ^.~'p. ^.a~ 4<_y¢ .k~,'~ ~'3~ ~r' 7~'''~, 9 -