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Home My WebLink About0396 To plac~ a~d continuou~ly keep on fh~ build;ny~ now a Mreah~r ~~~u~t~ on wid Iand and on +11 eq~~p~nent and ptrwna~ly covered by thii maty~ p~, wi?h ~I) premium~ thereon pa~d i~ fvll, fire insuranc~ in tM uiu~l standard polity torm, in a~um approvnd by tM MORfGAGEE. and w~nds~wm inw~anu in tM usu~l uandud pol~cy fam, te a sum approv~d by tFw AhORTGAGEE. in ~uch ~omp+ny w compa~i~s as 1F» MORIGAGEE ~+++Y d'uectj and all fir~ and w1Mb~orm in~uranc~ polK~es on any of Hid buildinOf, ~ny inlfrOSl fherlin w pa~t thereof, in IM p9~eyatt w~+ ~fa~s+~d o~ In ~xce~s lherao/, shall contain ths ~swl star+derd mor~y+y~+ claus~ w ~uch otMr c4u~ ~i tM Mai9+gN m+y requ~~~. m+Einp ~M lo~~ unde~ sa~d po~i~ cie~, each ~nd evNy, payabte to ~aid MORTGAGEE as it~ interes~ rn~y appear, and each and ~very s~ch pol~cy ahall be promp~ly a~s yned snd delivered ~o ; ~ny held by said MORTGAGEE as furtha security to s~id mortya~t debt, ~nd, not kss lhan ten (101 d~ys in adv+nce of tt+e expiration of each polity, ~o d~- ~ livK to uid MORTGAGEE • renewal therwf, to~e~hN with a~ace~pt 4w th~ p~mivm of ~uch rcnewal; a~d there shall b~ no f~rs or winds~o~m inaurance ~ plst~d on ~ny o! iaid bui~dings. ~~y int~rest therein ot p+~t tMreof. unku in ~M fam and with IM tou payabk at afwesaid: and in the ewnt any tum of money becomes payable under ~uch policy a policies said MORTGAGEE shall have ~he optio~ to receivs and apply tM same on +ccount ot the iodebted- ~ neu secured he.eby w to permit said MORTGAGORS to ~ece+ve ~~d us~ it or any pa~1 thereof iw other purposes, wnhout tha~tur waivl~~g or ~mpair- s iny any equ;y, lian w right under or by virtw of thii morsg~9e; ~~d in the evenl said MORTGAGORS shall (a any resson fai) to keep the said p~emisrf w t ins~red, w fail lo delivee promplly ~~Y of iaid polities of infurancs to said MORTGAGEE, w fail promptly to pay futly any pre~nium therefw a in a~y ~ respect fail b per(wm. d~scha~ge. execute, effecL complete, comply with ~nd abide by this covenant, w anY pa~t he~eof, said MORiGAGEE may pf~cc and ~ pay fw suth inwrante o~ any part thereof without waiving or affectirg any option, ti~~, equity, w righl under w by virtue of this Mortya~e. and the full amo~nt of each and every ~uch payment shall be immediately dw and payable ~nd shall bear iMerest from the date thereof until paid at the rate oi ~ nine ptt centum per annum and to~ether with such iNerest shall be secured by the lien of this mortgsge. ~ 1. To permit, commit or suffa no waste, imp+irment a deteraraiwn of said property w+ny put thereof. 5. To pay sll and singulu the costs, charges ~nd expenxs, includirg a reasonable ~ttwney i fee and costs of abstracts of title, incur~ed w paid st V any time by iaid MORTGAGEE, becaux w in the event of the failure oe~ the part of the :aid MORTGAGOR to duly, promptly and fully perform, d~uharge, , execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, conditio~s, and covenants o1 said promissory note and this ~ mortgsge any w eithe~. and said costs, charges a~d ezpenses. esch and every, shall be immediately due and payable: whether w not there be notice d~ msnd, ~ttempt to colkct or iuit pendf~g; ~nd the full amount of each ~nd every such paymeM shall bea. iNerest from the date thereof until paid +1 the rate of nine per centum per ennum; and all said costs, charges and expenses incurred w paid, togethet w~th such interest, shall be setured by the lien of thii morty~qt. 6. Thst (a) in the event of any breach of this Mortgsge or default on the part of the MORTGAGOR, or (b) in the event any of satd sums of money herein referred to be not promptly and fu~ly paid within thirty (30) days next after the same severally beconx due and payable, without demend or notice, or i~ the event each and eve~y ~he stipulations, agreemeMS, conditions and cwenants of sa~d promissory note and th~s mortgsge any or either are not ~uly, promptly and fully ptrfo~med, d:uharged, executed, effected, compteted, complied with and abided by, lhen in either w any such event the said ag gregafe sum mentaned in said promissory note then remaining unpaid, with inferest accrued, and all moneys secured hereby, shall become due and pay- ~ abte (wthwith, or thereafter, at tAe option of said MORTGAGEE, as fully and completely as if all of the safd sums of money were w~ginally itipulated to be paed on such day, anything in said promiuory note or in this Mortgage to the conlrary notwithstanding; and thereupon or thereafter at the op~~on of ~ said MORTGAGEE, without ~ouce o? demsnd, suit at law w in equity, therefore w thereafter begvn; may be prosecuted as if sll moneys secured hereby ~ had matured pnor to its institution. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, a to faeclose it, or to reiorm it, or to enforte payment of any claims hereunder, said MORTGAGEE shall apply to the ~ourt having jurisdictiw? thereof fw the sppointment of s Receiver, such Court shall forthwith sppoint a receiver of said mortgaged property all and singular, includ~n9 al~ and singular the i~come, profits, iuues and revenue~ }rom whatever source derived, each and every of whKh, it being expressly unders~ood, is F+ereby mortgaged as if spec;iicaly set forth and deuribed in the granting and habendur~+ clauses hereof, and such Receiver shall have all the broad and effeaive funcnons and powers io anywise entrusted by a Court to a Receiver, and •uch appointment :hall be made by svch Court as an admitted eq~ity and a matter of absolute right to sa~d MORTGAGEE, and without reference to the edequacy a inadequacy of the value of the property mortgaged w to the soiver.cy or insolvency of sa7d MORiGAGOR oa the dcfendants, and that such rents, p~ofits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the pradice of such 1 Court. + 8_ To duly, promptly and fuUy periorm, discharge, execute, effect, cornplete, comply with and abide by each and every the stipulations, agreemenfs, ; conditans and covenants in sa~d promissory note and this mortgage set forth. j 9. That in the event the ownership of the mortgaged premises, o? any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and aui9ns, may, withou~ notice to the MORTGAOR, deat with such successw a successor in interest with referente to this mortgage aod the debt hereby secured in the 3ame msnner as with Mwtgaga withoW in aey way vitiating or d~scAar9~ng 1he Mortga~o~s' liability herr ~ under o+ upon t'ne debt hereby secured. No sale of the premises hereby rtwrtgaged and no forbearance on the part of the ~~10RiGAGfE w its successws j or augns and no eatens~on of fhe time fa the payment of the debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate • to retease, distharge, rtadify change or effect the wginal liability of the FhORTGAGOR herein, either in whok or in part. F 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any oblegation hereunder or of the obligation sr ! cured hereby shall at any time thereafter be held to be a v~aiver of the terms hereof or of the instrumeM secured herby. ! 11. In additio~ to the fwego:ng monthly payments of prin~ pal and interest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mo:tgagee vvith each monthly payrnent an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: . A-All real property taxes levied or assessed agai~st thc above descri~d real estate. ' B-Premiums on fire and windstorm insurar:ce as herein requ~red to be carried on the improveme~ts sitvate on tF?e above desuibed premises_ ~ ' . C-Ptemiums on such mortgage guaranty ins~rar,ce as mortgagee shall from hme to time deem fit to carry on the loan sec~red hereby. ~ Mortgagee shall from time to time notify morrgagor in w~iti~g of the amount due and payable hereunder and such sum shall thereupon be due and ~ payable on the due date of ~he next monthly payment and each successive month thereafter ur.til mutgagee shall notify mortgagw of a change in such amount. Such sums shall be appiied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance i ( premiums_ - ~ IN WITNESS WHEREOf, the said MORTGAGOk has hereunto set his hand and seal the day a year fir af id ~ Signed, Sealed a d 'we~e in the presence of: ~ ap ~ Sea~) $eal) STATE OF FLORIDA , ~ • S5. courm oF St. Lucie Before me penonally appeared Grad~i Hardison and Gladvs F. Hardison his wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrvment, and acknowledged befwe me that they executed the same for tFK purpose~ therein ezpressed. And the said Gladys F• Ha?rdiaon wife of the said CYgdv S~ Ha~'d~sAII _ upon ~;eps~~and priwte examination by me taken separate and apart from her said husband, atknowledged to and befwe me that she exetuted said insrsy~iM fieejy*'~pd volun- ra:il and without an com ulsan, constraint, a reh~ni fear of w from r sa' husba~d. .,t~i~~~•' . i.,.~+~ j Y Y P PP ~ 'r~•' ~ Apri * =a'~ 't9,+ ~ WITNESS- my hand and official seal thi~ day of i`\ , P' ~ li i Not ry Public in and or the Stete~af F{o~a Lrye'- ~ • My Commiss'ron expir , ry`~e f q~~.• R e t u m T o: • l: V F ~ e U a : - ; First Federal Savings 3 Loan Association , ' J ~ p Of Fort P~erce. ~ 7 . a' • i~ /j~~ Fort Pierce. Florida . . S ~ t- ~0 ~?hD RECp~OE~ ' iT `IlCIE C01lR7Y FtA. This Instrument Prepared By J. H. Rob~tS ~ J!. RQCE~1 POITRAS ~ d First Federal Savings 8~ Loan Association CtfRR Cif;Cti~T COYA~ . of Fort Pierce~ Florida ~ECOR011ERIilEO Checked By ~ ' ~ ~3 ~ . R ~~6 . Soo~ z13 PA~ 3~ - _ _ ~ • ls ~aw.~?r i~~--- ~ w~~~.~a. - - ~