The URL can be used to link to this page

Home My WebLink About0488 3. To piac~ and continuou~ly keep on tM bu~!d~r+g~ now w hereaitK uruat~ on ia~d land and on ~II equ3pment ~nd perwn~lly cove~ed by ~hii mon¢ •g~, with all pemium~ Ihercon pa~d in full. iite insurance in 1M ususl sr~ndard poticy fotm, {n • ium approved by th~ MORTGAGEE, and windstam iniw~nce in tM uswl srandard pol~cy tam, in ~ ium •pproved by tM MORTGAGEE, in t~ch company w canpan~es u ~M MORiGAGEE may dinct; and all 11r~ and w~ndirorm insurence pol~cl~i on any of wid build;nps, any inf~r~st ~herein w psrf tl+ereof. in tM a9gre9+~~ wm ~faesaid w in ~xcess lhereoi, shall contai~ fh~ usual standard ma~~ape~ cl~us~ a zuch other clauis as tM Mwtyages may requ~r~, m+kinp tha lou undN sa~d poli- cie~, each and evs~y. payablt ~o ~aid MORTGAGEE as its interest may appear. +nd e+ch a~d every s~c~ policy shall be promptly ~~s 9~ed +^d da~ivered ~o any held by iaid MORTGAGEE as furtha tec~rity to said mortgage deb~, snd, not ku ~M~ ten (10) days in adva~ce of the expiration of cach policy, to dr IivN to s~id MORTGAGEE • renewal Ihereof, toptt!?N with a receipl (a thF pr~mium of ~uch ra~?ewal; snd ~her~ shall be no fire or windstorm iniuranct placsd oe~ ~~y of said buildinys, any interest thatin or p+rt the~eof, unles~ in tM fum and with tFw lou payabk u afortsaid; and in tht evcnt any ium ; of mo.~~y become~ payable under iuch policy a polKies said MORTGAGEE ihall h~ve the oprion ~o receive and spply the same on +ccou^~ o`• ~~+e '^deb~ed' + ness secu~ed he~eby or ro permit said MORTGAGORS to reteive and us~ it p any part thereoi fw othcr purposes, wi~hout th_reb/ waiving or unpair i ing any equity, lien or right under w by virtue of this morsgage; a~d in tM event sa~d MORTGAGORS ihall for a~y ~eason fail to keep the said {xemises so , insu~ed, or fail to delive~ pranptly a~y of uid policies of insura~ce to said MORTGAGEE, or fail promptly to pay fully any premium the~elor w in a~y ; resped fail b perFam, discha~ge, execute, effect, comptete, comp~y wi~h and ~bide by thii cove~ant, a any part hueoi, uid MORTGAGEE m+y p~ace anA pay fw such irqurance w•ny part thereof without waiving w affecting a~y option, lien, puity, or right under w by virtw of this Mwtgage, a~d the full amount of each aod everyr tuch payment shall be immediately due and payable and shall be+r intarest from tFa date thereof until paid at the rate ol nine per tentum per annum and to~ether with such iNerest shali be secured by the lien of thii mortgage• To permit, commit or suffer no wsste, impairmeM a deteraration of said property w any part thereof. 5. To pay all and singvlsr the costs, charges and expenses, including a reasonable attorney's fee and costi of abstradi of title, incurred a paid at any time by said MORTGAGEE, becauu w in the event of the failure on 1he part of the said MORiGAGOR to duly, promptly snd fully perform, dixharge. execute, effect, complete, comply with and ebide by each arx! every the s~~pu~af~ons, sgreemenri, conditions, and covensnn oi said promissory note a~d Ihis mor!gage eny o~ eiiher, and sa~d cosrs, clwrgcs and expenset, each snd every, shall be immediately due and payable; whether w not there be ~+ot~ce de mand, attcmpt to mIIM w svit pending; and the full amount' of each and every suth payment shall bear interest from the dats thereof until paid st the rate ot m... p~r centum per annum; and all said costs, charges and expenses incurred o~ paid, togelher with suth interest, shall be secured by the lie~ of this mortgsg~. 6. That (e) in the event of any breach of this Mortgage or defa~lt on the part of the MORTGAGOR, a(b) i~ 1he eve++t ~ny of sa~d svms of money hzrein referred to be not promptly and fully paid withi~ thi~ty (30) days neat after the same xverally become due and payable, wilhout demand w ~wlice, or (c) in the event each arul every the stipulations, agreementi, cond~tans and covenants of sa~d promiswry note and th~s mortgage any a eithe~ are not ~uly, promptly and (ully performed, d~scharged, executed, effectcd, completed, complied with and abided by, then in either or any such svent the said. sg g.egate sum mentaned in said promiuwy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall betome due and pay- ~ able for~hwith, w thereafter, at tFx opt~on of said MORTGAGEE, as fully and completely as if all of the said wms of money were originally st~pulated ~ to be pald on such day, a~ything in sa:d promissory rate or in this Mwtgage to the contrary ~otwithstanding; and thereupon,w thereaftet at the option of i said MORTGAGEE, without notice or demand, suit at law or i~ eqvity, therefote w thereafter begun, msy be proxcuted ss if all moneys secured hereby had matured pnw to its inslitution. ~ ~ 7. ihat in the event that at the beginning of or at any time pending any suit upon this Mortgsge, or to Ioreclwe. it, or to reform it, or to enfwce payment of any claims hereunder, uid MORTGAGEE shall appty to the Court having jurisdiction thereof for the appointr~uR of s Receiver, such Cour1 shall forthwith appoinf a reteiver of said mortgaged property atl and singula?, inciud~ng all and singvlu the incorne, profits, issues and revenves from whatever seurce derived, each and every of whKh, it being expressly understood, is hereby mortgaged as if specificsllyr:utiwth and described in the granting and habendum clsuses hereof, and such Receiver shall have all the broad and effective funct~o~s and powers in'snywise entr~sted by a Court to a Receiver, and :~ch appointment shall be made by auth Court as an admitted equity and a matter of absolute right to said MORTGAG.EE, ~nd witAait reference to the adequacy or inadeqvacy of the value of the property mwtgaged or to the soivency or insolvency of said MORTGA~SOR w the defe~dania, and that iuch re~ts, p~ofits, incorn~, issues and revenues shall be applied by such Receiver accwding to the lien or equity of wid MORTCaAGEE and the practice of such CouA. S. To duly, promptly and fully perform, diuharge, execute, cffect, complete, comply with and abide by each and every the stipulations, sgreements, conditans ar~d covenams ~n sa~d promissory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, w any part thereaf, becomes vested in a person other tha~ the MORTGAGOR, the MORTGAGEE, its succeuors and assigns, may, w~thout notFce to the MORTGAOR, deal with such succeuw .or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgago. without in any way viliati~ig or discharging the Mortgagori liability herr under or upw~ tFK debt hereby secvred_ No sale of the Fremixs hereby mortgaged and no forbeara~ce on the parf of the MORTGAGEE o? its successors or ass~g~s arw~ no extension of the time fw the payment of fhe debt hereby secured given by the MORTGAGEE or its successors or auigns, shall operate to release, discharge, modify change a affect the original liabitity of the MORTGAGOR herein, either in whole o? in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the oblgation sN cured hereby shall at any time thereafter be held fo be a waiver of the terms hereof or o~ the instrument secured herby. : 11. In add~tion to the forego'ng monthly payments of princ'pal ar.d interest required by the promissory note secured hereby, mortgagor covenanfs and agrees to pay to mo:tgagee vvith each monrhly payrnent an add~rional sum estimated by mortgagee to be equal to 1/12 of the annual _ost of the follow- ing: ~ A-All real prope.ty taxes levied w assessed against the above described real estate. B-Premiums o~ fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises. C-Pre~niums on such mortgage guaranty insurance as mortgagee shall frcm t~me to time deem fit to carry on the ban secured hereby. ~ i Mortgagee shall from time to time notify mortgagor i~ writing of the amovnt due and payable hereunder and such sum shall thereupon be due and ~ payable o+~ the due date of the next monthty payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such I a~~ount. Such sums sF.a11 be applied by mortgagee toward the paymeM of real property tazes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS LYHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ear first afore 'd_ Signed, .Seal and de 'ver in the e ence of: ~ x ter R. Nor i a single ~lt • Sea4 My e T. Nozris a widow ~an f STATE OF x~tx~c Illinois ~ - ~ ~ f CoUNTY OF eefue me penonally appeared L@St6Y R. Norris, a single at~lllt e~ Myztle T• Norris, 8 widOM 7(~ij~QQ~ to me well known and known to me to be the individuals desvibed in and who executed the fwegoing instrument, and acknowledged before me that they executed the same fw the purposes therein expressed. ~ r • ; WITNE55 my hand and official seal thi ~ dsy of ~.~1~9 ~ I _ • . ~ Notary bl' ~n and for . ~ My Commiuion expires: s y~ ~ Return To: ' 7~~ ~ " (t - ~ s ' ~ First federal Savings b loan Association n,,'.,~„~~,.•;',l; ~ Of Fort P;erce. ' / « C ' Fort Pierce, Florida . .n.,.~~.... fH.EG RN~ k{rOR0E4 St.LSICIf Ct1L'MTY flA- This Insirument Prepared By J. H. Roberts, Jr. ROCc"P. *v~~RAS ~ ; ~ First Federa) Savings 8 Loan Association CLfRK Ci~Ctlt{ COURT ~ of Fort Pierce ~ Florida RELCF;;~ YER~ftEO ; ~ Checked By 17AY ~ 0 26 ~Fl ~7 3 ' ~ gooK 214 PAGE 489 2~`'1~ ~ ~ ~ ~,,.~„c 3 _ _ . _ . _ _ - ~ - : ~ ~ b s.s' L!' SS'Y<' N.~:- ,p t »C* 'ca ~ '~-3=-'raF""r .M~.s.;~ ~ ~ r~s , r ~ a _ . . ~a~ ~4 Y`_" ~ ,~~a~~.~~~