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Home My WebLink About1492 To plx~ ~nd contir?ua,siy kcep on fhe bui:dinys now a M~eaftN utuit~ on iaid land ar+d on ~II equipment ~nd pNSOnaliy cov~red by this mat9- ap~, with al) ptemivm~ thereon p~~d i~ full, fi~e I+niv~ante in ths usual slarx~rd policy Fo~m, i~ • ~um app?oved by 1h~ MORfGAGEE, and windstorm i~twai?ct in tM viual ~tandard pot~q fwm, i~ a ~um approv~d by tM MORTGAGEE, in such company w companip as ?M MORTGAGEE may dinctt ~nd all fir~ ~nd wi~dstorm inwrant~ policie~ on ~ny of ~id buitdinOf, My (~Mrfst 1hMtin W p~?t therOpl, in tM s~reqat~ sum ~fwesaid a I~ ~xc~st Ihereof, ~hall contain tM us~al ttandard morl9a~ae clause w tuch otF~ claus~ ~s tM Matpape~ may rpvu~. makinp tM toss ~nder sa~d polF ciK, each and ~very, payabl~ to said MORTGAGEE ~s its imercil may appea~, and each ~nd ~vsry ~uch policy shall be promp~ly ass.g~+ed and de~~vered ~o ~~y Mld by said 1NORTGAGEE as (urtha~ security to s+id mortgsye debt, and, oot leu ~Me~ te~ (10) days in advanc~ of tM ~xpiration o1 each policy, to dr IivN to iaid MORTGAGEE ~ r~newal therwf, topethK with ~ rec~~pt fa tM premium of tuch ~enewal; and iher~ sM11 b~ no f~rs w windsiorm insur~nc~ plac~d on ~ny of uid buildinga, a~y intaest tF~erein a p+rt thereof, unleu in th~ form ~nd with tM los~ payabl~ ~s ~taeseidj and in the event any ium of ma~ey becomei payable ~nda such poliq a policies said MORTGAGEE ~hall have tM option ro receive snd ~pply ihe same on account of the irxlebted- ~ r+ea sec~red hereby w ro permil wid MORTGAGORS to receive and u~ it w any part thereof fa o~her purposci, wi~hout ~he~eb~ wai~in9 er ~~~~pair- inp any eqvity, lien w right under w by virtw of this morsgaye; snd in tM ~vent w~d MORTGAGORS ihafl fw any reason fail to keep the said premisas ~o insured, a fail to deliver promptly any of said policies of i~sursnce to satd MORTGAGEE, or fail promptly to pay ivlly any premium the~elw w in a~y respact fail b perform, discharge, executs, effect, compl~te, comply with and abids by this covenant, or any pa~t he~eof, said MORTGAGEE may place a~+d pay (or iuch insu~ance or s~y part thereof without waivi~g d sffectiny any option, tkn, equity, w righr ~nder a by virtw of this Mortgage, ~nd the full ~mount of each and eve.y such paymem shsll be im~nediately du~ a~?d pay~ble ~nd aha~l bear imere~t f~om the date thercof ~ntil paid at the rate ol nine per centum pa~ annum and together with such interest shall be secured by the lien of this mortg~ge. 1. To permlt, commif w suffer no waste, impairment w deteraration of taid p~ope~ty or ~ny part thereof. S. To pay all arwl singulu the costs, charges and expe~ses, including a reasonable attw~ey's fee and costs of absrracts o( tiNe, incurred w paid at any time by said MORTGAGfE, becavse or in the event of the failure on the parl of tM taid MORTGAGOR to duly, promptly and fully perfwm, d~scharge, exetvte, effed, canplete, comply with and abide by each and every the stipulatiwu, agreements, conditio~s, and mvenanb of said promissory note and this mwtgage any w ei~he~, and uid costa, chsrges and expenses, each and every, shall be immediately due and payable; whether p not there be notice de msnd, attempt to colkct or suit pend~ng; and ths ful) artavnt of each a~d every such paymer+t thall bear interest from U+e date thereof until paid at thc rate of nine per centum per annum; and all taid cost~, tharges and expenses inturred or paid, together w~th such interest, shall be setured by the lien of this mortgage. 6. That (s) i~ the event of any breach of this Mortgage w default on tM part of the MORTGAGOR, or (b) in the eve~t any of said s~ms of money herein referred to bs not prompNy and lully psid within thirty (30) days next after fhe same aeverally become due and payabla, without dema~d w notice, or in the event each and every the stipulations, agreements, conditions and cover?ants of sa~d promissory note and this mortgage any a either are nol ~uly, promptly and fully performed, d~uFwrged, eaecuted, effected, completed, complied with and abided ~iy, thm in either or any such event the said ag gregate wm meNior?ed in said promissory note then remaining vnpaid, with interest acv~ed, and all moneys setured hereby, shall betorrK due snd pay- _ able fwthwith, or thereafter, at the option of said MORTGAGEE, as fvlly snd completely as ii all of the said wms of money were o~iginally stipulated ro be pa~d on such day, anythirg in sald promiuory note or in this Mwtgage ro the contrary notwithstandi~g; and thereupon o~ thereafte? at the »ption of said MORTGAGEE, wilhout notice o~ demand, suit at law or in equity, therefwe w thereafter begun, may be prosecuted as if all moneys secured hereby had matured pnw to its institution. 7. That in the event that at the beginning of a at any time pending any suit upon this Mongsge, w to fweclose it, w to reform it, a to enfwce payment of any claims 1+ereunder, said MORTGAGEE shal! apply to the Court having jurisdiction thereof tor the appointment of a Receiver, such Court shall forthwith appoint a reteivtr of uid mortgaged property all and singutar, includ~~g all and singular tha income, profits, issues snd revenues from whatever source derived, each and every of which, it being expreuly ~nderstood, is hereby mortgaged as if specifically set fwth snd dewibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad ar~d effective funcnons and powers in anywise entrusted by a Cou.t to a Receiver, and such sppointment shall be made by such Court as an admitted equity and a matter of absolute right to said MOitTGAGEE, and without reference to the adequaq a inadequacy of the value of the property mo~tgaged or to the soNency or insolveocy of said MORTGAGOR a the defendants, and that such renrs, profits, income, iuves and reveoues shall be apFlied by such Reteiver atcording to the lien or equity of said MORTGAGEE and the_ practite of such CouA. - " 8. To duly, promptly and fulfy perfo?m, dixharge, execute, effect, complete, comply wi?h and a5~de by each and every the slipulafiom, agreements, conditaro and covenants in said promusory note and this mortgage set forth. - 9. That in the event the ownership of the mo»gaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuors and auigns, may, without notice to tM MORTGAOR, deal with such succeuor or successor in interest wi?h reference to thia mo~~gage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w diuharging the Mortgago~s' liability herr under a upon the debt hereby secured. No saie of the Fremises hereby mortgaged and no fwlxarance on the part of the MORTGA'vEE or its successors ~ or assigns and no extension of fhe time for the payment of the debt hereby secured given by the MORTGAGEE or iri succeuors w auigns, shall operate ` ~o releax, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or i~ part. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obligat7on herevnder or of fhe obligation sr cured F~ereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the forego:ng monthly paym~nts of princ'pal and interest required by the promissory no~e secured hereby, mortgagor covenants and agrees to pay to mortgagee writh each manrhly payrneM an add~iional sum estimated by morigagee to be equal to 1 f 12 of the annual cost of the follow- ing: A-All real property taxes levied w assessed against the above described real estate. B-Premiums on fire and windstorm insu~ance as herein requ~red to be carried on the improvements situate on the above described premises. ' C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall f.om time to time not~fy mo~tgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due date of the neat monthly paymeN and each successive month thereafter ur,til mortgagee shall notify mortgagw of a change in such amount. Such sums shatl be applied by mortgagee toward the payment of real propeny taxes, insurance prem:ums, and mortgage guaranty insurance ~ I premiums. ~ IN WITNE55 WHEREOF, the sa;d MORT AGOR has hereunto set his hand and seal the day and year first aforesaid. aled and deliv ' t estnce of: ~ . y T 833 , n . a . (Seap Sea~ ~ . e " ~~en A. ~e g ~Seaq ~ STATE OF ~ NE~ JER,SEY ~ ~ COUNTYOf " ~o22iS ~ e Befwe me personally appeared '~ii82'C~ ~'i• ~.'b@Z~.Tl~ and ` Gretehen H. Eb81~1Q his wife, to me well known and known to me to be ' i the individuals described in and who executed the fwegoing instrument, and ackrwwledged before me that they executed tFe same for the purposes Gretchen A Ebeling ? therein expressed. And the said • wife of the said - C• E~1~~ , upon a separate and private examination by me ta4en separate and apart from her said husband, atknowledged to and befwe me thaf she exetuted said instrumeM freely and volurr tarily and withovt any computsion, constraint, apprehennsion~ fesr of or from her said husband. WITNESS my hand and official seal thi~r~ day of ~ h A. D. 19 73 ~ ' ~ Notary ublic in and i the St f~i et La~ye ' ; My Commiuion eapi 19 • d• ~ ~ Retorn To: First federal Savings ~ loan Associafion ~ J~~29 . ~ - - ; . i, : .~i~. ~y Of Fort Plerce. C~Gr • . - ~ i JERSEY. ' ~ g fort Pierce, Fto.ida ~,r~ C'~' . ~ r•4i6;1~~2' ,~t% ~ ~ . S , (i - 7J~ . --~~y ~ % . ~ ~ ANO !lECOR~fA . This Instrument Pre red B J. H. RObe!'ts Jr.~fILEO ~ Pa Y ~ St. LUCiE COUNTY lA• ~ First Federa) Savings 8~ Loan Association AOCfa POITRAS • of Fort Pierce~ p~p~,dg CIERK Ct~CUIT COURt ~ ~ RECORO VEPtF~EO ~ Checked B B~ ~ y prt Z 9 z2.AM'Z3 ~ do~K z~z PACE14sz _ , ~ ~ ~ ~x ~ ~ ~ ~4 ~ ~-~~.4 :T~ ~ - ~