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Home My WebLink About0209 ! J. To piace.and continuously ke~p a? the bui!dingi now w M~eafta ~i~wt~ on ~aid land and on aq equ~pment and penonally covered by this ma~¢ 1 ~g~, with ali premiums thcreon pa~d in (ull, fire insurance in ~ht wual siandard policy fwm, in a tium ~p{xoved by 1M MORTGAGEE. and windstwm f inswa~ct io tM usu~l ~tandard p~l~cy farn, in a sw++ ~pproved by tM AhORTGAGEE, in s~ch com(»~y or compan~es as the MORTGAGEE may ~ directj ~nd all ii~~ ~nd windi~am ir?sv~a~+c~ polKies oe~ ~ny of said b~ildinp~, any i~teresl therein a p+rf thereof, in ~F+~ apgreya+~ wm afaeuid w ~ i~ ~xc~ss ~herwf. shall contain ~M usval sundard mortqaye~ claus~ w such o~ha tl~uw +s tM Matga~es may requ~n. maki~ tM lou unde~ sa~d pdi~ S cie~, exh and eve?y, p~yable ro aid MORTGAGEE ai its inte~eit m~y ~ppear. +nd each ~nd ~very such policy ~hall be p~omptly ass yncd a~d delivered +o ~ sny held by s~id MORTGAGEE ~s tur~he~ iecurity to said mat9~ye dcbt, and, not les~ than ten (10) days in sdvance of the expir~~~on of each poficy, to dr liva to iaid MORTGAGEE a re~ewal therwf, ~oqeiha witA • receipt for ~he psmivm of such renewalj and there shsll b! r?o fir~ w windsiwm insurancs placed on any of seid buildings, sey intereat therein or pu1 thtreof, unleu in 1h~ fotm ~nd with the lou payabl~ si afwessid: ~nd in tIN ever?1 any ium of money becomas payable under ivch poticy o~ policies ssid MORTGAGEE shall haw tM op~~o~ to receive and appty the same on accounl of Ihe indebted- neu secured hereby w ro permit said MORTGAGORS 10 ~eteivs and us~ it p any part thereof tw othcr purposes, v.ithout ther~b~ waiving or ~mpair- in9 any equity, lie~ w~ight unde~ or by vi~tve of this mortyage: ~~d i~ the went iaid MORTGAGORS ihall lor any reason fail to keep the said p~emises so insured, w fai) ro deliver promptly a~y of said polities of inswsnte to said MORTGAGEE, ot fail promptly to pay fully any premium therefor a in any respect fait ro psrforrn, disc.iarge, eaecute, effect, complete, comply witA and ~bids by this cove~ant, a any part he~eof, s+id MORTGAGEE may place +nd paY (w suth inwrante w ~ny part thereof without waiving w affectirg any option, lien, equity. a right vnder a by virtue of thit Matgape. ~nd the full amount of each and every such paymant shall be irtunediately dw and payable and shall besr in:.rest from ths date thereoi u~til paid at the ra» ol nirx pet centum pa annum and to~ether with such interesr sha11 be secured by the I'ron of Ihis mort~age. 1. To permit, commit or sufter no wasts, impairment or deterioration of said property w any paA thereof. 1 i S. io pay all snd singvla~ the coats, charges u~d expenses, includ7np s reasonable attorney i fea and costs of sbstracts of tiNe, incurred w paid st ~ any time by said MORTGAGEE, because or in tt+e event of the failure on ?he part o( ths said MORTGAGOR 1o duty, promptty ~nd fully perfwm, d~uhs~ge. executs, effect, compkte, tomply with a~ abide by eath and every the stip~lations, agreements, conditionf, ~nd co~enanri ot said promiswry note and this mortgage any or ei~he~, and said cosb, cMrges a~u! expenses, cach and every, shatl be immediately due and payable; whether or ~?ot there be notice de~ ~u mand, attempt to .collect a suit pending; and the full amo~nt of each ~r?d every wch payment shall bear intersst from ~he dafe thereot until p~id at the rate of nine pe~ cemum per annum; and all said costs, charges and experises incurred or p~id, Iogether w~th suth intercst, thatl be secured by the lien of this rtwrt9ag~. • 6. TMt (a) in the even~ of any brexh of this Mwtgsge a def~ult o~ the part of the MORTGAGOR, w(b) in tF?e event ~ny of ssid sums of money herein refened lo be not prompNy and fully paid within thirty (39) days nex~ after the same severally become dve and payabte, without demand or notice, or (c) in the event each ar.d eve~y ~he stipulations, agreements, conditions a~?d covenants of sa~d promisswy note and th~s mortgage any w either are nof ~ iuly, promptly and fully perfwmed, d~scharged, executed, effected, completed, complied with and abidrd by, then in either or any such eveM the said ag ; gregate sum ment'aned in said promissory note then rcmaining unpaid, with interesf accrued, and atl moneys secured hereby, shall become due and pay- abte fwthwith, or thereafter, at the opt~on of said MORTGAGEE, ss fully snd completeiy es if all of the said sums of morxy were orginsllr st~putated to be paid on such day, anything in said promiuory r+ote w in this Mortgage to the contrary notwith:tanding; and ~he?eupon w lhereafter at the op~~on of said MORTGAGEE, without notice or demand, suit at law or in equity, therefwe ot thereafter begun, may be prosecuted ss if all mo~ey~ setured heteby had matured pr~or to i1s institution_ 7. That in the event that at the beginning of or at any time pending any suit upon this Matgage, w to faeclose it, or to reform it, or fo enfwte payment of any claims he+eunder, said MORTGAGEE shall apply to the Court having jurisdidion thereot for the appointment of a Receiver, such Court shall Forthwith appoint a receive~ of said mortgaged property all and singular, incl~d~ng all and singular the income, prof~ts, issues ~nd revenues from whatever source derived, each and every of which, it bei~g exp~essly understood, is hereby mortgaged as if specifically set forth end "dturibed-in the graming and habendum clauses hereof, and such Receiver shall have ail the broad and efiective funchons a~d powcrs in anywise entruste~ by a Court to a Receiver, and such appointment shall be made by such Covrt ss an admitted equity and a matter of absolute rigFt to ssid MORiGAGEEr and w~~hout reference to the . ' adequacy a inadeqwcy of the value of the properry mwtg~ged w to the wlvency or insolventy of said MORiGAGOR or tAe de:`endants, and that such ~ renrs, profits, income, iuues and revenues shall be applied by such Receiver accwding to the Ile or equiry of said MORTGAGEE and the practice of such Courf. 8. To duly, promptly and fully perfwm, dixMrge, execute, effect, mmplete, comply with and abide~by each and every the stipulations, agreements, conditions and covenants in said pramissory note and this mwtgage set forth_ 9. That i~ the event the ownership of the mortgaged premises, a any paA thereof, becomes vested in s person other fhan the MORTGAGOR, the MORTGAGEE, its successors and sssigns, may, without notice to the MORTGAOR, deal with such successw w successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating p discharging the Mortgagon' liability hero- unde~ or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the pan of the MORTGAGEE w its successors j or assgns and no eatension of the time for the payment of the debt hereby sccured given by.the MORiGAGEE or its successors or auigns, ahall operate ro release, discharge, modify change or affect the original liability of the AAORTGAGOR herein, either in whole or in part. 10. It is spedfically agreed that time is of the essence of this contrad and that no waiver of any obligat~on hereunder or of the obligation sr cured hereby shall at any time tF~ereafter be held to be a waiver of the terms hereof a of the instrument secured herby. I 1. In add~tion to the fwego ng monthly payments of princ'pal and interest required by the p~ort:issory nore secu~ed hereby, mwtgagw covenants and agrees to pay 1o mortgagee with each mw~thly payment an addirional sum est~mated by matgagee to be equal to 1/12 of the emwal cost of the follow- ; ing: ; A-All real property taxes levied or assessed against the above descri5ed real estate. ~ 6-Premiums on fire and windstwm insurance as herein ~equ~red to be ca~ried on the improvements situate on the above deu,ribed premises. C-Premiums o~ such mortgage guaranty insurance as mortgagee shall f:a~n time to time deem fit to tarty on the ban secured hereby. i Mortgagee shall (rom rime to time notify matgagor in writing of the amount due and payable F~ereunder and such sum shall thereupon be due and 4 payable on the due date oi the nezt month!y payment and each successive month Ihereafter ur,til mwtgagee shall notify mortgagor of a change in such ~ ar,ount. Such sums sha(I be applied by mo?tgagee toward tl~e payment of real prope~ty taxes, insurance prem.ums, and mortgage gvaranty insurance aremiums. i tN WITNE55 WHEREOF, tF~e said MORTGAGOR has hereunto set his hand and seal the day ear first afuesaid. i ~ Sig~ed, Sealed and delivered in the presence of: ` ~ ~ • , ; , ` «~U~ h i 1 _ .n ; ? ~ s~n , _ STATE OF F S5. • ~t~UNTY Of ~ i -~~+r Be'forE me per~lly/ peared ~ ~ ~ ~ I_ " s wi e, to me well k and krfown to me to be the individuals described in and w ecu the egoing instr , and acknow bef e me that they executed the same fw the purposes rherein expressed. And the sai~ ~a MS~il1a f w~fe of the said Ma~u?el Marina ~ a xparete and private examination by me taken separate and apart from ~ edged to and before me that the ex ted said inst t freely and volun- rarily and w~thout any compulsion, constraint, e f~~Q f her hus w~ WITNE55 my hand and official seat th' ~ C d~ A. D. 19~.L_. U 7O ~ : ~ i~~ ' Notary P blic in a fw f State ' ~ • ; Z M„ c«?a,.~u~, exP~~~: 3 i~~ f ~ 3 # Ret~rn To: . First Federal Savings 3 loan Associa ~ ~ i , Of Fort Pierce. ~ ~ ~ Fori Pierce, florida ~ `Q f~~ ANU.k~~~e y ysO . 'P sfi. R~EF P~U R:s , ~ Q CLERK Ctk~t~tT COURT ~ ~ OA M RECORD YERIf1ED.~,~,~ ' This Instrument Prepared By J. H. exts~ Jr. f First Federal Savings b Loan Association ~ 9 27 aH ~T3 t , of Fort Pierce ~ FloYida ~ Checked By ~ ~ 254294 ~ gooK 214 ?~~~f 209 ~ ~ . . . ~ , ~ ~ ~ - - - = ~S ,.x..-a _ ;-:~'.,r r,~s ' - _ vr_ ~ . . . . . . z .