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Home My WebLink About1225 9. To plac~ and cominuov~iy kcep on the bui:d~ngs now or hereafta vtuats on iaid land and on ali equipment ~nd perwnaliy covercd by this mort~- pe, with ~II premiums tF~ereon pa~d in fuli. (ire insur~nce i~ tM vival standard policy (wm, M a tum approved by Ihe MORiGAGEE, snd windstam inwr~nc~ in ~he usual s+andard pol~cy iam, in ~ ium approved by ~M MORiGAGEE, in t~ch company w companies ~s 1he MORTGAGEE enay di~ect; and all fire ~nd w~ndstam insurance policias o~ any of s~id twild~nps, ~ny inter~st therein or pa?f the.eoi, in the ~ggropata tum afpeuid or !n ~xtau Iheieoi, shal) con/ain tF~s usual standard mwtya9N cl+ust a ~uch o1F~ tla~s~ a tM Mwtpaye~ msy req~ir~. ma\irg tM lost unde~ sa~d pol~ cie~. oach and every. paYable to iaid MORTGAGEE as ita intersst may appear, ~nd each and ~very such policy ~hall be p~omptiy au:gned and detivered to ~ny held by sa(d MORTGAGEE as fu~thsr sscurify to iaid ma~gage debt, and, nof leu tMn ten (10) days in sdvance of the expiration of exh polity, to dr IivH 1o said MORTGAGEE a rH?swal tF~ereof, toge~h~r wi~h ~ rac~ipt fw tM p~~mium of svch renewsl; and there sh~ll be no i~re a windstorm in~uranc~ . pl~t~d on +nY of iaid buildings, any interesl therei~ ot put thereof, ~~leu in Ih~ fwm and with tFr !ou payable as aforesaid; and in tFK event •ny sum t of money bccornes payabte under iuch poliq or pol~ciss said MORiGAGEE shall haw ths option ~o receive and apply the sams on accoun? ot the indebted~ { neu secu?~d hereby w ro pe~mit aaid MORTGAGORS to receive and usa it Ot any part thereof (or otfiet purFwses, witho~t tAsreo~ waivi~~q pr ~~npair- iny any equity, lien or righ~ unda~ p by vi~rus of Ihis morsgags; ~nd in tM event taid MORTGAGORS shall fa any reaton fail to keep ~he ssid premitet w insured, a fail 1o deliver promptly any of said policies of insurants to ssid 1NORTGAGEE, or fail promplly lo pay fulty any p~emivm therefor w in ~ny ~ resped tail ro pxform, discMrge, execute, eflecl, comptete, comply wirh and abide by th+f covenant, a any pan hereof, said MORTGAGEE may plsce ~nd pay for tuch insurance or sny part thereof wi~hout w+ivinQ or affectirg any option, lien, eqvity, w rigM under or by virtue of this Mortgapa, ~nd the full amou~l of each and ewry such payment shall be immediately due and psyabl~ and shali bear inte~esl from ths daro thereof until paid at the iats ol nine per cenrum psr annum ar+d to~eiher with such intcreat shsll be secured by Ilte lisn Of this mort9sge. ( 1. To permit, commit or suffer no wasfe, impairrtxnt or dcteriwation of said property w any parf thereof. ~ - S.-To pay atl and stnpular ths co~ri, charges and expsnses, including s reaaonable atforney's fee and w:ts oi abstracts of title, incurred pr paid st any time by said MORTGAGfE, betause or in the event of the failure on the part oi the said MORTGAGOR to dufy, p.omptly and fully perform, di{charge. execute, eifctt, complets, comply with and ab~de by each and every the stipulatio~s, ~g~eements, conditions, and covenants of said promissory nots and thi~ mwtg~ge iny w either, and said costs, charges and eapcnseY, cach and every, shall b~ irtunediately due arid payabte; whether w not there be notice d~ mand, attempt to mtkcr or suit pend;ng; a~d the full amount of each and every such payment shall bear interest from the date thereof until paid at the rare of nine per ceotum per annum; ani.+ all said costs, charges and expensei incurred or paid, tog~ther with suth interest, ihall be secured by the ~ien of thu mottgage. 6. That (a) in the evenf of any breach of this Mwfgage a default on the part of tF~e MORTGAGOR, w(b) in the event ~ny of said sum~ of mo~ey hercin refe~red to be not promptly and fully paid within thirty (30) days nexl alter Ihe same severally becoma due and payable, without demand w notite, or (c) in the event each snd evay the stipeilations, sgreements, conditions and covenants of sa~d promissory nore ar~d th;s morfgege any or eitFxr are not iuly, promptly and {ully perfwmed, discha~ged. executed, effected. completed, complied with and abided Sy. then in either or any ~uch event the said ag . gregate sum ment'aned in said promissory no!e then remainirg unpaid, with interesl accrued, and all moneyi secured hereby, shalt become due a++d pay- abte fwthwith, or tF~ereaFt~r, at the op?ion oi said MORTGAGEE, as fully and complete~y as if al) of the said sums of money were originally stipulated ro be pald on such day, anyfl~ing in sald promissory note or in this Mortgage to the contrary notwitbstandiog; and th~veupon a thereafter st the option of said MORTGAGEE, without ~ofite w demand, suit at law o? in equity, therefwe or thereaiter begun, msy be prosetvted as if all moneys secured h~reby had matured pnw lo iri institution. 7. That in tF+e evenf that at the begi~niry of or at any time pe~ding any suit upw~ this Mortgage, a to foreclose it, w to refwm it, p to tnfort~ payrtxnf of any claims hcreunder, wid MORTGAGEE shatl appiy to the Court having jurisdiction rhereof fw the appointment of a Reteiver, such Coun shall fcrthwith appoint a rcceiver of said mortgsged property all and singvlar, includ~ng all and singuiar tha income, profits, issues and revenues from whatever wurce de~ived, each and eve?y of which, it being expressly unduatood, is hereby mwtgaged as if specifically set forth and desuibed i~ the gronring and habendum dauses hereof, and such Receiver shall have a~l the broad and effective funct~ons and powers in anywise entrusted by s Cou~t to a Receiver, and :uch appointment shall be made by such Court as an admitted equity and a matttr of absolute right to said MORTGAGEE, and without reference to ths edequaty or inadequaq of the vatue of the property mwlgagad or to the sotverxy or inwlrency of said ARORTGAGOR or the defendants, and that such rents, profits, income, iuues and revenues sha!S be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the prsdice of such CouA. 8. To duly, promptly and fully pe?fo~m, discharge, execute, effcct, complefe, comply with end abide by each and every the stipulations, agreements, conditions and covenants in u~d promissory ~ote arx! this mortgage xt forth. ~ 9. 7hat in the event the ow~ership of the mwtgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuors and assigns, may, wifhout notice to the MORTGAOR, deal with such successw o~ successor i~ i~terest with reference to this mort9age and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mwtgagors' liabi~ity hertr under or upon the debt hereby secured. -No sale of ~he premises hereby mortgaged and no fwbearance on ~he part of the MORTGAGEE u its successors or assigns and no extensia? oi the time iw the payment of the de6r hereby secvred given by the_MORlGAGEE or its successors or assigns, sMII operate y ro release, dixharge, modify change w affect the or~ginai liability of ~he MORTGAGOR herei~, either in whole w in part. ~ 10. It is spec~fically .agreed that time is of the rsxnce of this confrau and that no waiver of any obligation hereunder w of the obligstion se- cured hereby shall at any time thereafter be heid fo be a waiver oi t!x terms hereof or of the instrument secured herby. I1. In add~tion to the fwego:ng monrhly paymenrs of princ'pal and interest required by tMe promissory" note secured hereby, m6rtgagor covenants and agrees fo pay to mortgagee wi~h each monthly payrnent an add~~ional sum estima~ed by mortgagee to be equal to 1/12 of the annual cost of tbe follow- ing: A-All real property taxes ievied or aasessed against the above described real estate. 8-Premiurr.s o~ fire and windstorm insurance as here~n requ~red to be carried o~ the improveme,~ts sit~ate on the above desvibed premises. C-Premiums on such mortgage guaranty insurar,ce as mo.tgagee shall from time ro time deem fit to carry on the loan secured hereby, Mortgagee shaH from time to time norify mortgagor in writing of the amount due and payable Ixreunder and such sum shatt thereupon be due and ~ayabte on fhe due date of ehe next monthly payment and each successive month thereafter urtil rtwrtgagee shall notify mortgagor of a thange in s~ch amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN YVITPJESS YtiNEREOF, f1~e wed MORTC-.4GOR has hereunto set his har.d and seal the day and year first afwesaid. Signed. led and de ' ed in the esence of: ~ ' ~ r i xed C co~eo i ,q - s~D i - " Dorothq . Coaolli ~sNn I STATE Of ~C Ma$~,a 11$@ttS ~ - i ~ ; couNn of ~"~~e ~ • E Before me personally appeared ~fZ~ C• ~Oll~ and ~ DOYOt~I~/ ~I~ CaQ011; his wife, to me wefl known and known to me to be ~ the individusls described in and who executed the fuegoing instrument, and acRrwwledged befwe me fhat they executtd the same for the purposes ~ rhere~n expressed. And the taid Dorothy M~ CO~Oll~ ( w~fe of tt?e said ~~r~ C• COIIt011~ " upon a sepsrate and privste f exam~nation by me taken separate and apart from her said husband, acknowfedged to and befwe me that she executed said instrument frcely and volur~ tarily and without sny compulsion, co~straini, apprehension, or fear of or from her said huiband. ' ~ WITNE55 my hand and officia( seal this-~~ ~ dey of A, D. 19_Z~ E ~ ~ orary Public in and fw the State of iiwida ~t lsrye - I . My Comm~u'ron expires: ' ~nu ,~yi1 IJi:~ f Retutn To: ~J ~ ' / / ~ I/ r + _ ~1f. ~ First Federat Savings ~ Loan Association - J • ' t . . Of Fort P:erce. 1"' ~ y, i/ ~ 25~Q~3 , ~ Fort Pierce, Ftorida " ~ r~ : ~ ~ ~~%'-fic'C~~~~~~;Q i ; n ~R~ ~E~;paDED : : ~ This Instrument Prepared By J• H. Raberts, J~~~~;,tt^~%BUKTr ~L~• ~ i-=,~..- ; a~:?R?S ~ First Federal Savings E~ loan Association a~c,f f • ' ~ • ' F , of Fort Pierc~ ltlor3.d2t CLEf.~ ~~1~t CCURT `YFi'.~'F-,"~' . ; R ~ 1 c p ~ - { F 0 .~s~~~ , . . ~ . . . f~ - 3 Checked By `i1 ~3 a~ ~~3 : ~ KA'1 ~~s ~ ~ - aooK2~4 PACE~.224 f t F , _ a ~ y T'~; . ~ _ - - -