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Home My WebLink About0976 , . . ~ ~ 3. To pl~c~ antl co~tinuovaly keep on the bui'J,ngs now a hereattt? u~ua~e on sa~d land and o~ ali cquipmem and pe~sonally covaed by tAis mortp~ i p~, wi~h ~II premiums ~hereon pa~d in full, fire insurance in ~he v~ua{ standard policy [orm, in • sum approved by tM MORIGAGEE, and windttam ' i~wance i~ th~ usual ~~andard poi~cy fam. in • ium •pproved by tM MORIGAGEE, in sucA canpany a compan~e~ +s ~h~ MORTGAGEE may di?Kh ~nd all tire and windstorm iniu~ante po~icies on any o1 ia'~d build~nps, ~ny int~r0~1 therein or p~rt Iha~aof, i~ tFN ~pg~eyale ~um ~ipeNid Or In ~aceu ~hereof, iMll contain ~he usval ~tandard mpt9a9~s clausa or such o~ha ctauk ~i ~M Mor~y~gee may reqv+r~, makenp ~hs toss unde~ ~a~d poiF cias. exh ~nd ~very, payabl~ to seid MORTGAGEE ~s ia interes~ may appear, ~ed each and eve~y .uch po~~cy tiMll be pranpUy au gncd ~nd delive~ed ~o ~ny Mld ~y satd 1NORiGAGEE ~s (u~~her security to uid oiortyaqe debl, snd, not I~ss tM~ ten (10I days in advance of ~he expirs~ion of each pulity, to d~- IivM to Nid MORTGAC~E a renewal thereof, toye~kK with a receipt fa the premium of iuch renewal; and ~he~e fhall be no fire or wind~~orm insurant~ pl~ced on any of said buildings, ~ny intcrest thaein or put thereof, unleu in ~ht (o~m ~nd with 1M loss paYable at a(oresaid; and in tF~ ev~n1 any ~um of rtw~ey becpmes payable under such policy w policies said MORTGAGEE shall have ths option to receive and spply ~he ssme on account of the indebted- nes~ tecured hereby w/o permif said MORTGAGORS ro receive and uts i1 a any pail thereof fo~ other pwposes, ~v~thout ~h.rro~ waivi.x~ or ~mpair- in~ any equity, lie~ w r~gM unde~ w by virtus of this morey~ge; and in tM evenl ~aid MORTGAGORS ahafl for sny reason fail to keep the w~d premiics ao i~wred, o? fait fo detive~ promptly any of said policies of insurancs to said MORTGAGEE, w(ail promptly to pay fufly any pre~nium therelor or in any raspect fail to pafam, d~scharge, eaecute, efiect, complete, comply with and ~bids by this covenant, or any p+rt hereof, said MORiGAGEE may piace and paY fw such inaurancc w any part the~eof wi~hout waiving w ~f(ectinp eny option, lien, equity, or righ~ unda a by virtue o( ihis Mw~ga~e, ~nd tFx tull amovnt of each and every svch payment shall be immediately due and payable ~nd shall bea~ interes~ from the date thereof until paid at the rats of n~ne per centum per annum and togrthrr with such interest shall tx secured by the lien of this mortgage. ~ 1. To permit, tommit or suffer no waste, impairme~t or detarioration of said properry or any part thereof. 5. To pay all and singular the costs, charges and expenses, induding a icasenable aftorney i fee and costs of abstracts ot title, incurrcd or paid at ~ any time by said MORTGAGfE, because ot in the e~ent of the failure on the part oi the ssid MORTGAGOR to duly, p?omptly and fully perlorm, diuhsrge, ~ execute, effect, canptete, comply wi?h and abide by each and every the atipulations, agrrxmenh, conditions, aod covenart?s of said prom;ssory note artd ~his I mo+tgags any or eirher, and said cosb, cha?ges and eapenses, each a~d every, shall be immediately due and payable; whether or no~-there be notice de ' mand, attempt to collect p suit pending; and the full amount of each and evcry such payme~t shall bear i~~eresl from the date thereof unril paid st the rate of ni~e per centum per aroium; and aU said cosfs, chargq and expensrs incurrod er paid, together w~th suth interesl, shall be secured by the lien of thit mortgags. ~ 6. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event soy of said svrint of money herein referred to be not pramptly and fully paid wirhin thirty (30) days next after the same seve?ally become due and payable, wiihoW demand or ootice, or in the event each a~?d every the st7pulations, agreemen~s, _cond~tions and covenants oF sa.d promiswry rwte and ~h~s mortgage any a e~ther are nol ~uly, promptly and fully performed, d~scharged, executed, effeded, comFleted, canpfied wrfh and abided Sy, fhen in Nther a any svch evem the said ag gregate sum mentioned in ssid promissory note then remaining ~npaid, with interest accrued, and all moneys securcd hereby, shall betome dut and pay- able forthwith, w thereafte~, at the option of said MORTGAGEE, as (ully and complettly as if all of the sa~d sums of mo~ey were originally sripulattd to be paid on such day, aoything in sa:d promiuory note or in this Matgage 1o the contrary notwithstand;ng; and thereupon or theresftet at the option of said MORiGAGEE, w~thout notice or demand, suit af law or in equity, the~efore or thereafter begun, may be p?osecuted as if all moneya setured hereby n~d maWred pnor to its institution. 7. Tl~at in the event that at the beginning of or at any rime pending any suet upon this N4a.fgsge, or fo foretlose it, w to reform it, or to enforte payment of sny claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ctio~ the~eof fw the appoiniment of a Receiver, such Cour1 shall forthwith appoint a recei•+er of said mortgaged property all and singula?, includmg a(1 and aing~lar the income, p~of~fs, issues and revenues from whatever source derived, each and eve~y of wh~ch, it beirg expressly unders~ood, is hereby mortgaged as ii spec~fically set iorth and dex~ibed in the granting and habendum clauus hereof, and suth Receiver shall have all the lxoad and effective funct,ons and Fowers in anyw~se entrusted by a Court to a Rcteiver, and such apFointment shall be made by such Court as an admitrrd equity aod a maner of absolute right to said MORiGAGEE, and without reference to the adeqvaty or inadequacy of the va~ve of the property mwtgaged or to the so~vency or insavency of said MORTGAGOR w the defendants, and'that such renrs, profits, income, issues and revenues s}wll be applied by such Receiver accord~ng to the tien or equity of uid ARORTGAGEE and the p+actice of such Court. B. To duly, promptly and fully perform, discharge, execute, effed, complete, comply with and abide by each and every the stipulations, agreements, conditans and covenants in said promisswy nose and th~s mortgage set fo~th. 9. That in the event the ownersh+p of the mortgaged premises, w any part thereof, becomes vested in a person othe~ tAan the MORTGAGOR, tht MORTGAGEE, its auttessors and assigns, may, without notice to the MORTGFOR, deal with _such successor o~ sutcessor in interest with reference fo this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating w dixfurging the Mortgagors' tiability hero- under or upo~ the debt hereby secured. No sale of Ihe p~emises hereby mortgaged and no forbearance on the part of the /~hORiGAGEE or its ssxtesson or assigns and no exrension of the time fw ~he payment of the debt hereby secured given by the MORTGAGEE or ita succeawrs w assigns, ahal! pperate to release, d~scharge, modify change or affect the original tiability of the AAORiGAGOR herein, eitF~er in whok or in parL ; 10. It is spec~fica!Sy agreed that tirne is of the essence of this convact and that no waiver of any obligation hereunder or of the obligat'an sr c~red hereby shal{ at any time thereafter be held to be a waiver of the terms he~eof a of ihe instrument secured herby_ 11. In add~tion to the fwego:ng monthty paymems of princ'pal and interest required by the promissory no!e secured hereby, mortgagor covenants i and agrees ro pay to moctgagee vi,ith each monrhty payrneN an add~riona! sum esGm,ared b/ mwtgagee to be equal to 1~`12 of the annual tost of the follow- fng: A-A~I real property taxes lev~ed or assessed against the above described r:at estate. ' B-Premiu~ns on fire and windstorm ~nsurarce as herein req~~red to be tarried on the improveme~ts situate on the abovc destribed premises_ ~ C-P~emiums on such mortgage guaranty ir.wrar~ce as mortgagee shatt fro^i t:me to time deem fit fo carry on the loan secured hereby. Mortgagee sha!! f~om t:me to time norify mortgagor in writing of the amount due arsd payable hereunder and such su:n shall the?eupon be due and Fayable on the duz 8are of ~he next morohiy paymem and each successive mo~th thereaftcr until mortgagee shall notify mortgagw of a change in such a~;ount. Such sums sHa[I be appiied by mortgagee toward the payment of real proQerty taxes, insurance prem:ums, and mortgage guaranty insurance p~emiums. IN WITNESS `NHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day a ar firsl aforesa' ' Signed, Seated and delivered ' the presence of: ~ i - ' ~ ~ ~E' ; ' : . , ' ~an i Alice M. Jes r ~aq = ~ STATE Of ftOR(OA I $L . I.UCI.@ ~ ~ couNn oF ~ E Befwe me personally appeared ~p~y~ ~ ~ Q~LQL? snd i Allee M_ yTester his wife, to me well known and known to me to bs ! the individuals dewibed in and who executec the foregang instrument, and acknowledged befpe me that they. executed the sarn~ fw the purpoxs i i therein expressed. And the said ' A11C6 ~'I. .~6St@Y ~ j ,~~fe of the said -~IO}III F_ Jester upon a separata+~"private ~ examination by me taken separate and apart from her said husl-.and, attcnowtedged to and before me that she ezecuted wid instrument f~~ ,~rd volum ~ rari{y and without any compulsion, constraint, apprehfjns~ w fear of or from her said husband. f' WITNESS m hand and official seal this M y 7~~/1C~ day March ~.r 1' ~ ~ ~ " ; otary Public in and fw the Stste of F .s ~ii. I y Commiuion expires: " : = ~ • r _ ' Return To: ^~D~~ - ~ 9 ~~r ~-~RIp[~ - First Federal Savin s 3 loan Associat~on ` Of Fort P~erce. [~1Y COMII{ISSIO~'~(pIR~S: Dfr1+ fori Pierce. fforida 8o~+tl~d Thru GenerSL'ns~tanca U~dep/ritt~. : ~ . ~ . ; ` y ^ - . Z. a ` ~'i. , i+., • tt' ~ t'~~ ~ ' LEO A110 REC01t0Ep ti ' `UCIE COUMTY FtA. . ~y ' ~ This Instrument Prepared By Richard K. Ka,yes ROOC° r0~1RAs ~ 1 ~ First Federal Savings 8 Loan Association OLERK C+zCJ?1 COURt ~ of Fort Pierce , Rlorida I~~COR~ ViR~f~EO.,.,..,~~ ~ Checked By ~ 1l ~i1 2Z ~~73 6UOK~~~ PAGt J~V iZ.JQrJ6J ~ - - - - - - -