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Home My WebLink About0583 To plac~ and cont~nuou~ly kcep on ths bui!d~ny~ now a herea(ter ~~tuate on said Iand and on ~II equipment and penonally cov~red by this mort~ y~, with all premivms the~eon pa~d in full, fire insurance in ths u~ual slandard poticy form, in • tum approved by 1he MORTGAGEE, and windstwm insw~nc~ in tM usual standard pol~cy fwm, in + ~um approved by ~M MORTGAGEE. In tuch company a compan~es ~s tM MORiGAGEE may direcl; ~nd •11 ti~~ a~d windatorm iniurance policie~ on any oi seid build~ny~, any intere~t therein or put thereof, in tF+e ayyreyate ~um ~fa~s~~d or In txceu Ihereof, thall comain 1M uiwl standard mortgapaa clauie a iuch o~her clauie ~f tM Mort9+gee maY ~Wu~n, makinp tM lots under s+~d po~F cies, each ~nd evc~y, payabl~ to said MORTGAGEE as it~ i~~eres~ may appea~, and each and eve.y ~uch policy ~hall be promp~ly au.g~ed u+d de~~vered ~o sny F~eld by said MORiGAGEE as fu.the~ sccurity to said mortgage debt, and, not leu than ten (10) days in sdvance of the expir~tion o4 e+ch polity, to d~- livK fo wid MORTGAGEE a r~newal Ihe~eof, togetlw~ with ~ receipt for the premium of iuch renewal; and ~her~ ihall be ~o fue w winds~orm insurance plsced on any of said buildinys, ~ny intereit therein ot part tAarcof, ~nleu in the form and wi+h tF+~ 1os~ p~Yabte +t aforesaid; +nd in tF?e evt~t any sum . of money become~ payable under such policy w policies isid MORTGAGEE shall have ~hs option to ~eceive and apply the same on account of the indabted- ness secured hereby w to permit said MORTGAGORS fo reteivo and use i1 w any part thereof 1or oihcr purposes, ~v~tFwut th_reb/ waiving or unpair- ing any equity, lien w right unda or by virwe of lhis mo:tgage; snd in tM even~ said MORTGAGORS shatl fa a~y resson fail to keep the s+id premiset so insured, a fail to deliver promptly ~ny of said polities of insurante to said MORTGAGEE, or fail p?omptly to pay fully any premium thcrefw o~ in a~y respect fail to perform, discharge, execure, effect, compkte, comply with snd abide by this covenam, o~ +ny parf he~eot, said MORTGAGEE may place u+d pay ip such insurance o~ any pa~t thereof witAout waiving o~ affecting ~oy option, lien, equity, or tigM u~der or by virtue of this Malgage. ~nd the full smounl of each a~d every such payment ihall be imrnediately due snd payable and shaU bea. interesl from the date thcreof until paid at the rate oi nina per centum pe~ annum and Io~etAer with suth interest shall be securcd by the lien of this mortgsge. 1. To permit, commit w sufter no waste, impairment w deteriwetion of said propNty a ~ny pa?1 lhereof• ' 5. To pay all and s~ngular the costs, charges and expenses, including s rcasonable sttaney i fee and costs of abstracts of title, incurred a paid at ar,y t~me by said MORTGAGLE, because w in the event of Ihe failure on ~he part of ~he said A10RTGAGOR to duly, prompNy and fufly pe.form, d~xharge, execute, ettec?, compfete, comply with and ab~de by each and every the stipulations, agreements, conditions, and covenanrs of said p~omissory note and this mortgage •ny o? either, and said costs, charges and expenxs, each and every, shall be immediatety due and payable; whether or not thrre be notice do- mand, attempt to colled or suit pending; and the full amouM of each and every s~ch paymem ihall be~~ interest from the date thereof until p~id et the rate of nine per centum per an~iurn; and all said costs, chargea and expenses inturred w paid, togelher with such interest, shall be secured by the lien of this mottgspe. 6. Thaf (a) in the event of any breach of this Mortgage or de(autt on the part of the MORTGAGOR, or (b) in the event any of satd sums of money herein refevred to be not promptly and fully paid within thiry (30) days next after the same seve?ally become due and payabte, without demand a notice. . or (c) in the.event each and every the stipulations, agrecments, condifions and covenants of w:d promiswry note and th~s mortgage a~y or either aro not ; ~uly, promptly and fulty pcrformed, d~scharged, ezecuted, effetted, completed, complied with and abided by, then in either w any such eveM the said ag ~ g~egste sum mentioned in said promissory note thert remaining unpaid, with interest accrued, and a11 moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as Eully and completely as if all of the sald sums oi money were wiginally st~pulated ~ to be pa~d on such day, anything in sa:d prom~ssory note w in this Morfgage to the contrary notwithstanding; and thereupon a the~eafter ai the op~~on of sa~d MORTGAGEE, without not~ce w demand, suit at law or in equity, ~herefore or thereafter begun, may be prosecuted as if all moneys secured hereby had matured pr~Or to i1s imlitufion. That in the event that at the beginning of or at any time pending a~y suit upon this Morfgage, or to fweclose it, or to reform it, or to entorce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court havirg jurisdiction ?hereof fw the appo~~tment of a Receiver, such Court shall j forthwith appoint a receiver of said mortgaged property all and singular, ir~clud~ng all and singutar the irtcome, profits, issues and revenues from whatever ~ :o~rce derived, each bnd every oi which, it being expressly understood, is hereby mor~gaged as if spec~(ically ut forth and desuibed in the grsnting and habendum clauses hereof, and sach Receiver shall have all the broad and effective funct~ona and Fowers in anywise emrusted by s Court to a Receiver, and t such appointment shall be made by such Cowt as an admitted eqvity and a matter of abwlute riyM to said MORTGAGEE, and without rc(erence to the I adeq~acy a inadequacy of the valve of the property matgsged or to the solvency w insolvency of said MORTGAGOR a the defendants, and that such ! rents, profits, intort~e, issves and revenues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the practice of such ~ Court. - 8. To duly, pramptly and fully pe?fo~m, discharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, 2 condiYrons and covenants in sa~d promissory note and this mortgage set fath. } 9. That in the event the ownership of the mo~tgaged premises, or any parf thereof, becomes vested in a perwn othet than the MORTGAGOR, the ~ h',ORTGAGEE, in succeuors and assigns, may, without notice to the MORTGAOR, deal with such succeuw w successor in interest with reference to this ~ mortgage and 1he deb~ hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging tlx. Mortgagori liability F~ere~ ur.der or upon the debt hereby secured. No sale of the promises hereby mortgaged ar.d no fwbearante on the part of the MORTGAGEE or its successors or assigns and no ex~ension of the time fw the payment of the debt hereby secured 9iven by the MORTGAGEE or its successors or auigns, ahall operate to release, dixharge, modify change or affect the original liability of the MORiGAGOR herein, either i~ whole w in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the oblgation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument setured herby. 11. In add.tion to the faego:ng mo~t!~ty payments of princ"pal and interest required by the prom~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhty paymeM an add~rional sum est~mared by mortgagee to be equal to 1%12 of the annual cost of the follow- in~: A-All real property ta:es levied or assessed agaiost the above described real estate. ' B-Premiums on iire and windstorm insurar.ce as here~n requ:red to be carried on the improveme~ts situate on the above described premizes. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ; ayable on the due date of the next monthly payment and each successive month thereafter ur,til mwtgagee shall notify mortgagor of a change in such a~,ovnt. S~ch sums shall be app!ied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mwigage guaranty insurance : f eremiums. . . S ~ IN WITNESS WHEREOF, jhe said MORTGAGOR has he~eunto set his hand and seal the day and year first aforesaid_ ~ Signed, Sealed and delivered in the presence ofc ~ ~Ja~f~ s(~ - S. A n Mo refi d p ~ - ' ~ ~ Vir nia M. Moorefield ~,i~ STATE OF ~c Maryland ; ~,~~o«r ~ s : ouNn oF . ekro~~~, ~.~uy appeared _ S. Alan Moorefield ,,,d ~ V~zginia M. ore ie his wife, to me well known and krawn to me fo be the iadiyiresl ds eKri4ed in and who executed the fwegoing instrumeM, and acknowtedged before me that they executed the same for the purposes ~ ' Virqinia M. Moorefield ~ rherein exp~essed. ~'A+~`tfte~ssid w;~e'~pf~hrt~d ="a S. Alan Moorefield a xpsrate and private e.ammaYwn by Iske~ separate and apart from her said husband, acknowledged to and before me that ahe executed said i~strument freely and volurr raii!8 and'~3vi~lwut any: compukion, constraint, apprehensi~or fear of or from her sa' usbsnd. Jr G ~ WI~I~S,my ha~'at+d. official seat this `O day of A. D. 19 73 / . ~ ° '.~Z Notary lic in and for the State of !!bM~s at large n n : ~ ` ~ ~~.:,+•,,~1<~,rs~_1 My Commiuion expires: f~lA~/N.ctt- ? 3 • Return To: ~ ~ i ~ First ~~T'~n~s d~ Loan Association ~ Of Fort P~erce. ~ fort Pierce, florida ~ F~L?Q dN~~ 'i:b~.~JE~ ~ This Instrument Pre ared B J. H. Rober t~ J r. ST. lJ;.tE C~UMTT FL~. P y • RGu"cn POtTAAS ~ First Federal Savings 8~ Loan Association CIEi~l. C:nCU T CCURT of Fort Pierce, Florida AFrOR;r VEh~FIE~ Checked By ~ ~A( 3 Q9 1 H~~ 3 BOOM YA~E 584 2`~~0 - . , a - - - - - - ,a. ~y ;q~ r ,r;' f ~ ' f k s~ ° . ~u . "r~" ; ~ 4~? ; s - t _ . . '~~~-a~' , v -