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Home My WebLink About0472 3. To plac~ end continuously keep on tF+e bui!dingi oow w hereafta sitwt~ on sa~d ~~nd and on all equipment ~nd penonally cove~ed by this matp~ sgs, with all premiurrw thereon pa~d in full, fire insurance in the u~ual ~iandard potity fo~m, in ~ sum ~p{xoved by ths MORiGAGEE, and windstwm ~nsurance i~ tM u~ual su~dard pol~cy fam, in ~ svm spproved by tM MORTGAGEE, in wch companY or comP+^~~s +s HN MORTGACsEE ~nay d"vectj ~nd a11 fire ~nd wtndstorm insurance policies on +ny of sa'id b~?ilditps, any Interell tlxrtin w part fhereof, in ~M +yg~c9+t~ wm ataesa~d w In eaceu lhereof, shall contain th~ ~sual standard mor~9+~e~ clau~ w such otha clauss ~s tM Maty+ge~ may ~equ'u~, ma?iny the lou unda ss~d poti- ciss, each and every, payable ro said MORTGAGEE as its intcrcit may ~ppe+r, ~nd e+ch and every such policy shall be promptty au:9ned ~nd de~iv~red to sny held by said MORTGAGEE as further security to said maty~ge debt, and, not leu tMn ten (10) dsYS i~ sdvance oi tM expirstion of each polity. to de- livK ro wid MORTGAGEE s re~ew~l thereof, topethN with a reteipt for the premium of s~ch renewal; and then shall be ~+o f~re or windsto;m insuranct plsced on any of said buildirgs, ~ny interest tMre~n a put the~eof, unlesa in the form aod with th~ loss payabl~ a~ afwei+id; and in the event ~ny ium ` of mw~ey becomes payable unde? such policy w pol~cies uid MORTGAGEE shall hava tM optan ro receive and spply the same on accovnt o( the indebred~ . neu secured hereby a to permit said MORTGAGORS to receive and ute it Ot any part thereof for oth~t purposes, wi~hovt th:~eb~ waivi~~g or ~mpair- s ing any equity, lie~ a right undet ot by virtus of this mo:tgage; ~nd in the event said MORTGAGORS shall fa any rsawn fail fo keep the said premi~rs so insured, a fsil to deliver prompfly +ny of said polities of insura~ce to said NIORTGAGEE, a fail promptly to pay fully any premium therefw w i~ any respect fai~ to perform, d~scharge, executs, effect, complete, comply with snd abids by thii covcnant, or any part hereof, iaid MORTGAGEE may piace a~.d pay fw such insurancs or any pa~t thereof without waiving or affectinp any option, tien, equity, or right under or by virtue of this Mortgape, and the full amount of each and every :ucl+ payment sMll be im+nediately dw ~nd payable and shsll bea? interes~ from ths date the~eoi until paid at tM rate ol nine pe~ centum pe~ annum and together wifh suth interest shall be setured by the lien of this mortyage• 1. To permit, commit or suffe~ no waste, impairment or deteraration of said property or any psrt fhereof. S. To pay all and singulsr ths costs, charges and expenses, including a reasonable attaney's fee and costs of abstrsds of title, i~curred w paid at ~ any time by said MORiGAGfE, becaux o~ in the event of the tailure on the psrt of the said MORTGAGOR to duly, promptly snd fully pe?fwm, d~xharge. zxecWe, eifett, complete, comply with and ablde by each and every the stipulations, agreements, conditions, +nd covensnb o1 sa~d promissorY note and this mortgaye any a ei~her. and said costs. charges and expenses, exh a~d every. sMll bs immediately due and payable: whether a not there be no~ice de~ ; mand, attempt to mlktl o? suit pending; and the full amouM of each and every such paymeM shall bcar intemst from the date thereof until p~id N fhe j rate oi nine per centum per annum; and all said costs, cha~ga and expenses incurred or paid, together w~th such interest, shall be secured by the lien of this ~ mwtgage. 6. That (a) in the ~vent oi any bresch of this Mortgage o? default o~ the part of the MORTGAGOR, w(b) i~ the event ~ny of said sums of mw?ey herein referred to be not promptly and fully peid within thirty (30) days next aiter the same uveratly become due and payable, without deinand or notite. or in 1F~e event each and every the stipulatiorts, sgreements, conditions and covena~ts of said promiuory note and this mwtgage any w either are no1 iuly, prompdy and fully performed, d~scha~ged, executed, effected, completed, complied with a~d abided by, then in either a sny svch event the said a¢ gregate wm mentaned in said promissory note then remaining unpaid, with interest acuved, and all moneys secured Fxreby, shall become dve and pay- abls fathwith, or thereafter, al the option of said MORTGAGEE, as iully ard completely as if all of the said sums of morsey were o~ginally it~pulated ro be pa~d on such day, anything in said promissory note w in this Mortgage to the contrary notwithstanding; and ~hereupon o? lhcreafter at the op~ion of said MORTGAGEE, without notice w demand, suit at law or in equity, therefore w thereafter begun, inay be prosecuted as if all nwneys secured hereby had matured ptiw fo its institution. ~ ' ' ~ • 7. That in the event that at the begin~ing of w at any time pending any suit upp~? this JGlortgage, a to foreclose it, w to reform it, or to enforce F payment oi any claims he?eunder, said MORTGAGEE shall apply to the Court having j~risdiction thereof for the appointment of s Receiver, such Court shall ~ Forthwith sppoiM a recciver of said mortgaged property atI and singular, includ~ng all and singular the income, profin, issues and rev~nues irom whatever source de~ived, each and every of which, it being expressly understood, is he~eby mo?tgaged as if spec~fically set fwth and dewibed in the granting and habendum clauses hereof, and such Receire~ sha~l have atl the broad and effective functions and powers in anywise entrusted by a Court to a Reteiver, and s~ch appointment shall be made by such Court as an admined equity and a matter of absolute right to said MORTGAGEE, and without reference to the edequacy or inadeq~acy of the value of the property mortgaged or to the so~vency or insolvency of said MORTGAGOR w the defendants, and that such renrs, profifs, income, iuves and revenues shall be appl~ed by such Receiver accordinq to the lien w equity of iaid MORTCaAGEE and the practice of such Cour?. . 8. To duly, promptly and fully periorm, discharge, execute, effed, compiete, comply with and abide by esch and every the itipulations, agreements, conditions and covenams in said promissay note anc! this mwtgage set fath_ 9. That in the event the ownership of the mortgaged premises, w any part thereof, betomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuws and assigns, may, without notice to the MORTGAOR, deat with such successot or successw in interest with reference to this mortgage and the debt hereby secured in the same manner as with Nbrtgagor without in any way vitiating o~ dixharging the Mortgagors' liability here- ; under w upon the debt hereby secured. No sale of the premises hereby mo~tgaged and ~o forbearance on the pan of the MORTGAGEE w its suctesso?s ~ or assigns and no eatension of the time for the payment of the debr hereby secured given by the MORTGAGEE or its successors or auigns, shall operate ~ ro release, d~scharge, modify change or, affect 11~e o?ig~nal liab~l~ty of the MORTGAGOR herein, either in whole w in part. 10. It is specificelly agreed that time is of the essence of this contract and thst rw waiver of any obligation hereureder or of the obligation st ! cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. ; 11. In additio~ to the fwego:ng monthly payments of princ"pal and intercst tequired by the promiuory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthfy payment an add~~ional sum est~mated by mortgagee to be equal to 1/12 of the awnual cost of the follow- ing: A-All real property ta:es (evied or assessed agaisst the above described real estate. ~ B-Premiums on fire and windstorm insurance as he~ein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to carry on the loa~ secured hereby. ; Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable Fxrr~nder and such sum shall thereupon be due and ~ ~ayable o~ the due date of the ~mxt monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such a~;ount_ Such sums sF.ail be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance ~ premiums. - ' IN WITNE55 NHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and/ year first af d. ; ~ Signed, aled and de ivered in the presence of: ~ ) ~ ' _ ' ~ • , 3 t ~ ~ . ~ ~ Sesn ~ l ?311ie O. ad~rs~ (~,q STATE OF NII~SS • ~ ~ ~ ~ SS. COyA1T~ OF i ~JBefore Pixrpen all~y appearedd L~1dw~a P~lsas aed ?ilii! p~ s!~ his wife, to me well known ~rd' krowi~ to I~yfo be ~ the individusls described in and who executed the foregoing instrument, and atk~wwledged before me that they executed.the "same fof TI!%~ANposes 2ilii~ O. P~derse~n i~~~:~, ~ ~ therein expressed. And the said ~~y~~-?'.~ wife of the said L.udwi9 Paderses ~ii~on sepsrafe and p~ste E examination by me taken separate and apart from her said husba~d, acknowledged to and befwe me that sFx exetute8 ~•initrumeHt y and-7r01un- rar~ly and w;tho~t any compulsion, constraint, apprehens~on, a fear of w from her wid husband. ~ s WITNESS my hand and official seal this day of ~y '~1 - D.~;)S7}3 - r~• ~ - Nota Public in a~d fw the ~la~ ' ~ ' My Commisiron eapires: r.~ - 1 . ^ . } Return To: • ' • ~ First Federal Savings 3 loan Association j~••• Of Fort V~erce. ~ o- Fort Pierce, Florida s i _ FILE!! RHC RECp ' ST.ldC1E GbUNt~~4~: 2~SL2 "s This Instrument Prepared By J. H. Robezts ~ JY• ROffER POITNAs First Federal Savings 8 Loan Association CIE~K c:;;cu~t QBYAfi . of Fort Pierce ~ RloYida RFCORO V~RIFtfp ~ Checked By ~ . ~6 . IQ Z~ ~ ~~3 80~1~ ~l~ PJ?Gf ls . ' iW~ X ~~~c '~"aX SI` ...'}~r . .:9 - f"`Sr+'~YY ~ -5 rY~ ~ba'"^wk-e~{ p 'a~5`n£ ~ _ X~' . . ` a .Z' _ _ . . Y^~'v ? ' ~ ' .C. c__ _