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Home My WebLink About0649 To ptac~ and con~invously keep on the Iwi!dinys now w herea(te~ siiuat~ o~ s~~d iand and on all cquipment a~d penonally covsred by ihia ma~Q~ +y~ w~rh all prem;ums thereon pa~d in tutl, tire insurance in tha usu~t ~undard poticy form, i~ a ium approvcd by the MORiGAGEE, and winditam inwranct In 1M usval uandard pol:cy fam, i~ a sum approved by the lNORTGAGEE, In such to+npany or companiea as ihe MORTGAGEE may di~edj and a(I ('u~ and windsrorm insurance policies on any of said build,ny~, any inler~st therein or part thereol, io th~ a~grc9a~e sum afues+~d a In ~xcess Ihereof, sMll contai~ ~M usual standard mat~a9ee clsute w such other clauis as tl?~ Ma~pagee may requ+~~, makinp the lou unde+ sa~d po1F ciss, e~ch and every, payable to ssid MORTGAGEE ai its in~erest may appeu, and each ond every :~ch policy shall be promp~~y ass.gned and delivered ro iny held by said MORiGAGEE as (urther sec~rity to said matgage debt, and, nw les~ tMn 1en (10) d~ys in advance of ths expiration oi each po1Ky, to da liver 1o said MORTGAGEE a rerxwal fhereof, toqether with a receipl for the p~emium of ~uch renewal; a~d Ihere sMll be np fire or windsto~m insurante pl~ced on ~ny of said b~ildings, any i~tere~f therein o~ par! thereof, unle~s in tl+~ form and with the loss payable as ataeu~d; +nd in tM event any sum cf nwnty becom~s payable under such policy or policies said MORTGAGEE shall ihave ~hs optio~ to receive a~d ~pply the wme on account of the i~deb~ed- neu setured hereby w to pcrmil uid MORTGAGORS to ~eteive and use it o~ any part thereof for othcr purposes, v~i~hour ~h.rrb~ wai~ing o~ wnpair- any equiy, lien or ~ight ~nder or by virtup of this mo: tgsge; ~nd in the evenl said MORTGAGORS shall iw any reason fail to keep the sa~d p?cmisrs so insured, or fail to deliver promptly ~ny of said policies of insurance to said MORTGAGEE, w fail promptly to pay futty any premium therefw w i~ any ; respect fail to perlorm, discharge, exxu?e, eflect, complete, comply with and abids by this covenaN, a any part hrreof, said MORTGAGEE may place and pay fw such insurance w any part thcreof w~thout waiving or affectinp any opt7on, lien, equity, or right unde~ w by virtue of this Mongage, and the full ~mouot of esch and every sucF payment shatl be immediately due a~d payable tnd shall bear inte~est from !he date thereof until paid at the rate of n~ne pe? centum per annum and to~elher with suth ioterest shall be secured by 1he lien of this mortgage. 1. To pcrmit, commit p suifer no waste, impairment w deterioration of taid property or a~y part thereof. 5. To pay all and singular the costs, charges and expenses, inctuding a reasonable attw~ey's fee and costs of abstracts of titte, incurred or paid a1 any lime by said MORTGAG£E, because or in rhe event of the failure o~ the parl oi the said MORTGAGOR to duly, p~omptly ~nd f~lly perfwm, diuharge. execute, eifetl, complete, comply w~th and ab:de by each and every the stipula~ions, agreeme~ts, conditions, and covenants of said promiswry twte and this mortgage any or eithe~, and u~d costs, charges and expenses, each and every, shall be immediatety due end payable; whether p not there be no~~ce dr mand, attempt to collect w suit pending; and the full amount of each and every s~ch payment ~hall bear interest from Ihe date thereoi until paid af the rate of nine per centum par annum; and all said costs, charges and expe~ses incvrred or paid, together with suth interest, shall be secured by the tien of this mortg8ge. b. That (a) in 1he even! of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) i~ the event any of sa:d sums of money herein referred to be not p?omptly and fully paid wi~hin thirty (30) days neat after the same seve:ally become dve and payable, without demand or nouce. or (cj in the event each and every the stiputations, agreemenis, cw~ditians a.~d covensnt~ of said promisso~y note and th~s mwtgage any w eithe~ are no1 iuly, promptly and fully perfwmed, d~scharged, executed, eifected, tompleted, compl~ed with and abided by, then in e~ther or any such event the uid ag gregate sum mentiened in said promissory note then remaining unpaid, with interest accrued, and ali moneys secured hereby, shall betome dve and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as (ully and completely as if all of the said sums of money were originally st~putated to be paid on such day, anything in sa:d promisswy note or in this Mprtgage to the contrary notwithstanding; and thereupon or thereafter at the oprion of said MORTGAGEE, without not~ce or demand, suit at !aw or in equity, therefore w thereafler begun, may be prosecuted as if all moneys secured hereby had maWred pnor to its institution. 7. Tfiat in the event that at the beginning of or at any iime pending any svit upon thes Mortgsge, or to foredose it, w fo reform it, w to enforce payrr~tnf of any claims hereunder, said MORTGAGfE shall apply to the Court having ju~isdicrion Ihereof for 1Me appointment of a Receiver, :uch Court shall forthwith appoint a receiver of said rtwrtgaged property all and singular, intlud~ng all and singular the income, profifs, issues and revenues from whateve? - sou~ce derived, each and every of wh~ch, it be~ng expressly under:tood, is hereby mo~t~aged as if spec~iicatty ut fwth and desaibed in the g~anring and habendum clauses hereof, and such Receiver shall have aIl the broad and effective fuMt~ons and powers in anywise entrusted by a Court to a Receiver, and scch appointrnent shall be made by such Court as an admitted equity and a matter of ab;olute rigM to said MORTGAGEE, and witfioul reference to the adequaty or inadequacy of the value oF the properry mortgaged or to the solvency oi incolve~cy of said MORTGAGOP. or the defendants, and that such rems, proiits, irxome, issues and revenues shall be applied by such Receiver accord~ng to the lien or eqv~ty of said ti~ORTGAGEE aRd the practice of such CouA. 8. To duly, prampfty and fuliy pe?form, discharge, execute, effect, complete, comply with and abide by each and every fhe slipulations, agrcemmts, conditions and covenants in sa~d promisswy note and this mortgage set fw1h. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ h'ORTGAGEE, its succeuws and assigns, may, without notice to the MORTGAOR, deal with such succeuor or successo? in interest with refe~ente to lhis mo~tgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating p d~xharging the Mortgagors' liability Fiere- under pr upon the debt hereby secured. No sale of Ihe premises hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successon or assgns and no extension of the time for the payment oF tbe debt hereby secured given by the MORTGAGEE or its succe:sors or auigns, ~iall operate ro release, d~xharge, modify cAange w affect the original liability of the MORTGAGOR herein, either in whole or in part. 10_ It is specifically agreed that time is of the essence of this contcact and that ~o waiver of any obligation hereunder or of the oblgation se- c~red hereby shati at any time thereafrer be held to be' a waiver of the terms hereof or of t}u ins?rumenl secwed hrrby. ~ 11. In add~tio~ fo the forego"n~ monthly payments of princ'pal and interest requi~ed by the promisse?y ~ote secured hereby, mortgagor covenartts ard agrees to pay to mortgagee v~+ith each monthly payrnent an add~~ional sum esnmated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-A!I reat property tazrs levied or aszessed against thc above described real esfale. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be ca.ried on the improvements sit~ate on the above dascribed prem'~ses. C-Premiums on s~ch mortgage 9uaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall irom time to time notify mortgagor in writing of the amo~nt due and payable hereundrr and such sum shall thereupon be due and FayaWe on rhe due date of the next monthly payment and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such amounl. Such sums sF.all be applied by mortgagee toward the paymenf of real property taaes, i~surance prem;ums, and mortgage g~aranty insurance p~emiums. W SS wHEREOF, tF said MORTGAGOR has hereunto set his hand and seal the day and year f' t afor id_ ~Si n Sealed d de red ' e nce of: ~ ~ y\ ~ l ~ , 4 Y V .-1'.:~i1::1/~• v . ~ ~ v STATE OF FLORIDA / ~ ' ~ • ~ COUNTY OF L 1 ~ ~ ' ~ • • = i \ : . ~ l' ~1 ~ t 1_ - Befwe me penonally appeared e R. Wal la~e, I I s. n~ a~; 1 Rae~?nn (I~d dC@ his wife, to me well known ae~d ~t~irn To ~ tQ'h~~ ? !he individuals desuibed in and who executed the foreyoing instrumenf, and acknowiedged before me that they executed the sa'rn~'fy~ ~F?e,pr?j~effea, ' therein expressed. And the said RaeAnn Wallace ~F ~ ' wtfe of the ~,d James R. Wallaee, II upon a separat~ sr~'~iivate esamination by me taken xparate a~d apart from her said husband, atknowledged to and before me that she exetuted said instrument freely and volun- rarily and without any compulsion, constraint, apprefien}iop„~q fear of or from her said husband. ~ ~ ~ WtTNES$ my hand and official seal this day of ~ A. D. 14Z~_ . ~ `~,~.t't~G~ys.-) Nofary Public in and for St c of Fbrida at large i My Commiuion expires: ~ Retum To: , , n fir:t federal Savings 3 loan Associar~on G~ ~ Ilfl ~ - Of Fort P~erce. Fort Pierce, Florida ~ wt~ ' ~ f~'2 , ~ s •t~. ~i70 ~ ~ Q ` i This Instrument Prepared By R. I.. Stut2 ~ ` First Federal Savings 8~ Loan Association r fftED ANS RECOROfO ~ ~ of Fort P+erce~ FZorida ST~ ROCi~CPO TRAS ~A ~ CLERK C1RCU~T COURT ' - I Checked By ~ IIfCORD YERt;~E~ . . . . sooK213 PacE s~$ ~ brj ArR 18 3 4s PN'73 ~ o SxD` 2524Z7 ~ ir~~~~~? "3'-~~~ _ , . ~ ____'..~-'.~as.S..•.. • _ ( `s'~" e ~),~.:~x v"-- '-.~z,s;~ ~