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Home My WebLink About1527 To pl~c~ and contin~ou~ly keap on the build~ngs ~ow w he~eafter ~itusN on taid Iand ~nd on all equipment and perionally covered by lhis matp- p~, with ~II pramiums thereon pa~d in full, fire insurance cn ths u:ual standa~d policy fo~m, in • avm approved by the MORiGAGEE, and winds~orm inaur+nc~ in tM usu~l trandard pol~cy form, i~ ~ sum approved by tM MORTGAGEE, i~ such compaoy w companies ai tM MORTGAGEE may d'u~cl~ and ~U fks u~d w~ndstorm insurance policiei on any of uid build~ngs. ~ny int~nil thertin a pa~t thereof, I~ tM ~y9reyat~ wm ataesaid w In exceu Iher~ol, ahall co~rain ~hs uswl standard mor~pa~~e claus~ a iuch o~M~ claui~ ai ~M Matpa~e~ may requ~r~, makinp iM loss unda sa~d poli~ ci~~, exh ~~d ~vay, payabls ro said MORTGAGEE ss if~ intcresf may ~pp~ar, and e~ch and ~very tuch policy ihall be p~ompNy ~u.9ned ar+d delivered to any held by iaid MORTGAGEE as funher iecurity to said mo~tgage deb~, and, not les~ tMn ten (10) dsys In advance of ~hs expirafion of each pol~cy, to d~- liver to taid MORTGAGEE s?enewal thereof, to9e~hK with ~ rece~pt fw the premium of iuch re~?ewal; and the~~ shall bs no fir~ w w~nds~orm insurance pl~ced o~ ~~y of said buildings, any intere~t therei~ p put thsreof, unless in tM fo~m and with tM lou payabte a: etwesaid; and 'en !he event any ium of mo~~y becomey payable unde~ such policy or policiss said MORTGAGEE ihall F+~w the option to receive and spply the same on atcour+t of tha indebted neu satured hsreby p tp permit iaid MORTGAGORS to rKeive snd us~. it p any part Ihereof for othcr purposes, ~vi~hout thareb/ waivi~g o~ unpair- in~ sny eq~ity, lien or ri9ht under or by virlue of thi~ morryaQe; and Fn the svenl said MORTGAGORS shall fa sny reasoe~ fail to keep the sa~d premi~es so Insured, a fail b deliver promptly sny of said policies of insurance to uid MORTGAGEE, w fail promPtly to pay fv~ly any premium tixrefw o. i~ ~ny reipect fait to psrfwm, discharge, executs, effect, complete, comply wi~h and abide by this covens~t, w any part hc~eof, ~aid MORTGAGEE msy place and pay fw tuth iniurante w a~y part thereof without waiving w sfftctit?p ~ny option, lien, equ;ty. or right under w by virtue of thii Matgage, and tht fuU ~mount of each and every iuch payment ihall be immediately due and payable ~nd ihall bear intNes~ from tta date thereof uMit paid at ths rate of nine per cenfum per annvm a~d togethe~ wifh ~uch intere~t shall be secv~ed by 1Fa lien o( thii mortgage. I. To pe~mit, commit w suffer no wasfe, impairment w deter'roration of said property w a~y part thereof. ' S. To pay all and singular ths coits, charges and expenses, including s reasonable ~t~orney i fee and costi of abstrads of title, incurred w pa~d a~ a~y time by u~d MORTGAGEE, bctavae a in the event of the tai{ure on the parl of tM said MORTGAGOR to duty, promptty and fuily perfo~m, diuharga, execute, etfect, complete, carply with a+~d abidu by each and every the s~ipulaiions, agreements, conditions, and covenants ot aaid promissory note and this matgsge a~y w e7~he?, and sa~d costs. charges and expenses, each and every. shall be immediately due and payable: whe~her w not there be notice dr mand, attempt to cotlett a suit peod~n~; and the fu11 amovnt of each and every suth paymeM shal! besr inrerest from the date thereof until psid a1 the rate of nine per centum per annum; and all said costs, charyes ar.d expenses incurred q paid, together w~th suth interait, shall be secured by ths lieo of thu mortyag~. 6. That (a) in the eve~t of any breach of thi~ Nbrtgage or detault on tM part of the MORTGAGOR, or (b) in the event ~ny of said tums of money herein refer~~d to be not promptly and fully paid within thirty (30) days nexl after the same'severally becom! due and payable, without demand w notite. or (c) in ~he event each and every the stipulations, sgreements, conditions and cover?ants of sa~d promiuory note and th~s mw?gaye any w e+ther a~e not ivty, prompNy and fully perfo?med, d+uharged, exetuted, effected, complered, compl~ed with and abided by, then in either p any iuch event ths wid a¢ g~egate wm menYwned in said promissory note then remaining unpaid, with interes~ accrued, and all moneys secured hereby, shall becwne due and pay- able forthwith, w thereafter; st the option of said~MORTGAGfE, as fvlly ard completely as if all of the said sums of money were wiginally stipulated ta be paid on such day, anything in said promiuory note or in this Mortgage to the contrary notwithstanding; and thereupon p theresfter at the option of said MORTGAGEE, without notice or demand~ iuit at law ~ i~ equity, therefwe w thereafter begun, may be prosecuted aa if all moneys secured hereby had matuied priw to its inslitution. 7. That in the event that at the beginning of or at aoy time pendi~g any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payrrKnt. of any claims her~under, said MORTGAGEE shall apply to the Cour.t having ju~isd~crion thereof fw the appointment of a Receive~, auch Court shaH forthwith appoirtt a receive? oi said morrgaged property sll snd singular, includmg all a~d singulsr fhe income, p~ofits, iuuea a~d revenves from whateve~ source derived, each and every of wh~ch, it bei~g expressly understood, is he?eby mor[gaged as if speufically xt forth and dewibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effect~ve funcr~ons and powers in anywise ent?usted by a Court to s Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a maner of absolute right to said MORTGACaEE, and without re~erence to the adequacy a inadequacy of the value of the property mafgafled or to the soivency or insolve~cy of said MORiGAGOR or the delendann, and that svch rents, profit~, Fncome, issues and revenues skall be applied by such Receiver accord~ng to 1he lie~ or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully pNiwm, discharge, execute, effect, complete, comply with and abide by cach and every the slipulatwns, agrecments, conditaos and covenants in sa+d promissory note and this matgage set fa~b. 9. That in the event the ownership of the mortgagcd premises, w any psrf thereof, bt~tomes vested in a person othe? thsn the MORTGAGOR, the MORTGAGEE, its successas and assigns, may, without notice to the MORTGAOR, deal with such successor w successor in interest with reference to this mortgage and the debt he~eby secured io the same man~er as with Nortgagor wirhout in any way vitiating o+ discha~ging the Martgagors' liabilify hero- under o? upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and ra forbearance on the part oi the MORTGAGEE o~ its successors or assgns and no extension of the time iw the payment of the debt he.eby sec~red give~ by the MORtGAGEE or its successors or auigns, sha~l operate ro release, d~scharge, modify change or af(ect the o.iginal liability of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obligation Fxreunder w of the obl'gation sr cured hereby shall at any time thereafter be held to be a waiver of 1he terms hereof w of the instrument secured herby. 11_ In add~tio~ to the forego'ng monthly payments of princ"pal and interest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee vvith each momhly payment an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxrs levied or assessed against thc abqve described real estate. B-Premiums on fire and windstorm insurance as herein reqt~'red to be carried on the improveme~?s situate on tbe above destribed premises. C-Premiums on such mongage guara~ty 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 suth sum shall thereupon be due and Fayable on the due date of !he next monthly payment and each successive monfh thtreafter urtil mwtgagee shall rwtify mortgagor of s change in such amount. Such sums shall be applied by mortgagee toward the payment of reat property taxes, insurance prem;ums, and matgage guaranfy insurance premiums. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and :eal the day and ye first alwesaid. 'igrxd, Sea d and ~ ivere~d^ the presence of: lltf0 kti:' .'•ECJ~DfO ' iT.W~}- ~OV'+Tf fLA.~ ~ a4 RO ;s r. • RAS G_ ~s~ C.Er!. :i'::.%i: CCl:kT ~ e c ~ n 4'. : = . . ' ~ . rc'aQ i ~ STATE OF FLORIDA Z~ ~ 32 ~1, «an I COUNTY OF St . LL1C1@ ° Befwe me per:orwHy appeared _ Cha?YZQS Barb~r 25Si~31 ~ and Murell Bar er ' his wife, to me well known and known to me to be j rhe indlviduats described in and who executed +he fwega instrumeM, and acknowledged before me that they executed the same for the purpoxs r Murell Bar~ier ~ therei~ expressed. And the said ~ w;re ,f ,~;a Charles Barber exam;nat~on b mr taken se p upwi a separste and private i y para?e and a art from her said husband, ackrqwledged to and before me that she execvted said instrumeM freely and volun- rarily and without any compulsion, constraint, spprehe~on, o~ fear of or from her said husband. I E WITNE55 my hand and ofiicial seal thi~ y~~ day of d i D. 19 ?3 - ~ J ~a~..~ Notary Public in end fw the 5t~('e of F(uida at Large Return To; My Commission e~epires: First Federal Savings 3 loan Association ~ f Of fort P~erce. NOTARY PUBUC, STA?E d FLORIDA ~t LA(!~ Fort P~erce, Fbrida r COMMISSION EXPIRES IAN. 7, 1977 ~ Hmer?can banKeri i(1sur~po! G~C "s - _ F f This Instrument Prepared By Richard K. Kayes ~,`~,~`~~i„y$11if ~~~~rii~~~' F~rst Federal Sav~ngs & loan Association ~ ~ • , ~ ~ ~ of Fort Pierce , Florida - ~ " ~ i • ' , ; s - ,r ~ Checked By ~ - ~ ' ° ~ r-: o -f : ~L y € : ; ; ~ = ~ ~ O ~ 4 ~ ~ - E R l a : - ~ s~~K 2~4 PA~f25~ ~v ~ t•'•••......-••'ct . : ~ ~ ~ ~ i , 'i - - - - - - - - - - r ~.r , ~ ; ~ ~ _a._- _ _ . _