The URL can be used to link to this page

Home My WebLink About0088 3. To plac~ and continuouity kcep on ths bui:d;ngs now w hereaiter ~~tuats on said land and on all equip~nent and personafly cove~ed by this mortg sge, wi~h ~It premiums Iherco~ pa~d in fuU, lira insurante in the usual starda~d policy fo~m, in • ~um approvrd by ~he MORfGAGEE, and wind~~o~m ~nsurance in the ~sual sr~nda.d pol~cy fwm, i~ a sum approved by ihe MORTGAGEE, in ~~ch company o? compa~ies ~s fhe MORiGAGEE may di~ec~; ~nd all firs and w~ndstorm inwrance policiet o~ any ot u~d build~npi, ~ny in/ereat therein w pa+t thereof, in the aQg~eyats sum afaeasid o~ M fXty! ~hereol, ~haN railain tM usual standard mortgayee cl~use w iuch other clauw the Mor~yagse may r~qv~n, ma\in9 Ihe loss unde~ sa~d poli- cies, each and erery, psyab~e to said MORiGAGEE +s its interest may appex, and eacA and every such policy shall be pramptly ass.gncd and de~ive«d ro eny he(d by said MORIGAGfE as further security to said mwtgage deb?, and, no1 less tMn ten (10) d~ys in advance of ~ha eapira~ion ol each policy, to ds- I~ve~ to said MORTGAGEE a ~enewal the~eof, togeihe~ with a receipl for the premium of such renewal; snd ~here ?hall be no f~re or windstorm infurance p~ated on any of said bvitdings, any interest therein w part ~hereof, u~lest in the form and wi~h the loss payable as afaesaid; and in the event any sum o+ money becomes payeble under such policy or policies aaid MORTGAGEE tihall have the option to receive and apply tM same on accovnt ol the ind~bted- ness secured hereby w ro pe~mil said MORTGAGORS to receive and use it a any par~ ~hereof io~ othrr purposes, ~v~~Ko~l th~«u~ wai.~~ig a~ u•~pair- ~ng any equiry, iien w right under or by'virtvt of lhis matgage; and in the event said MORiGAGORS shall fw any reason fail to keep the said p~emtses so insured, a fail 1o deliver promptly a~y of said policies oi insurante to uid MORiGAGEE, w fail promptly lo pay fully any pre~nium the~efo~ or in any respect fail to perfam, discharge, execute, ef(ec1, complete, comply wirh and abide by this covenant, a any part hereof, said MORTGAGEE may place and pay fw such inwrence or any pa~t thercwf wi~hout waiving or a(teding any option, lien, equity, w right undtr w by virtue of lhis Mwtgage, and tht full smounl of eac~ and every iuch payment shall be immediately due and payabla and ihall bear interest irom the data thereof until paid at rhe rate of nine per centum per annum and to~ether wilh such interest shall be s,.~cured by the lien of this morfgage. 1. To permit, commit or suffer no waste, impairment a deterioration of said property w any p~~t thereof. S. To psy all and singul~r the cosfs, chsrge~ and expenses, including a ressonable attorney i fee and wsts of abst?acts of title, i~currcd or paid at any time by uid MORTGAGfE, betause or in ~he event of the {ailure on the part of the said AAORTGAGOR to duly, promptty artd fu!!y perform, d~xharge, ~ execute, elfect, complete, comply w~fh and ab~de by each and every the stipula~~ons, agrcements, conditions, and covenants ol said promiuory note and this j mortgage any or eitha, and sa~d costs, chsrges and expenses, each and every, shall be immediately due snd payabfe; whe~he~ w not there be no~ice dr mand, attempt to colfect or suil pend~ng; and ths tull amount of each and every such paymenl shall bea~ i~tere:t from the da~e thereo! u~til paid at the .aie ot n~nr per centum pe~ annum; aod all said cosn, charges and ezpe+~ses incu~red w paid, together wdh such ioterest, sha~l be secured by the lien of Ihu mortgags. 6. That (a) in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, w(b) in the event any of sa~d sums of money herein refared to be not promptly and fully paid within thirty (30) days next after the same severally become due and payable, without demand o~ notice, or (c) i~ the event each and every Ihe stiputations, agreementt, cond~tions a.~d covenants of sa:d p~omisswy note and th~s mortgage any a eiihe~ a~e ool iuly, prornptly and fully perlo:med, d;scha~ged, exec~red, effectcd, completed, complied wi+h and ab~ded by, then in either or any svch eve~t the said ag ~ gregate sum mentaned in said promissory r~ote then ~emai~ing unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- ' able forthwith, or thereaite~, at the opt~on oF sa~d MORTGAGEE, as /u!!y and compkrely as if sll of the said sums of money wete or~ginslly s~~pulated to be paid on soch ~ay, anything in said promissory note or i~ this Mwtgaye to the contra.y notwithstanding; and thereupon a thereaftcr at the option of sa~d MORTGAGEE, without natKe w demand, suit at law or in equity, thr~e(ore or thereafter bcgun, may be prosecuted as if a!1 moneys secured hereby nad maruled pnor to its irtstitution_ 7. That in the event ~hat at the beginnirg of or at any time pending any suit upon thia Mwtgage, w to fweclose it, a fo reform it, or to enforce ~ paymeN of any c!aims hereunder, uid MORTGAGEE shall apply Io the Court having jurisdiction thereof for the appointment of e Receiver, such Court sha!! forthwirh appoinf a~eteiver o1 said mortgsged prpperty all and singular, includ~r+g all and s~ngulsr the income, prof~t~, issues and revenues from whatever source derived, each and every of wh;ch, it being expressly understood, is hereby mortgaged as ~f spec~fically sN iorth and described in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effecr+ve fund+ons and powers in anywise e~trusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and witlw~~t reference to the adequacy w inadequaty of the value of the property mor?gaged or 1o the so~vency or i~solventy of said MORiGAGOR or the defendartts, and ?haf such rems, profits, income, issues and revenues shall be app{ied by such Receiver according to the lien w equity of said MORTGAGEE aod the practice of such Court. 8. To d~iy, promptfy and fuily pe?form, discharge, e:ecute, effect, complete, comply wilh and abide by each and every the slipulations, agreements, conditions and covenants in sard promissory nore and th;s mwtgage set fath. , 9. That in the event the ow~ership of the mwtgaged premises, or any part thereof, becomes vested in s person other than the M~RTGAGOR, the h'.ORTGAGEE, iri successors and assigns, may, wiehout notice to the MORTGAOR, deal with such sutcessor w successw in interest with reference to this mo~tgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liability here- under or upon the debt F~ereby secured. No sale of the premises hereby mortgaged and no forbearsnce on the part of the MORTGAGEE w its sutcessors or assigns and no exrension of the time tor the payment of the debt 6ereby secured given by tlx MORTGAGEE or its successors a eu~gns, shall operate ~o release, d~scharge, nwd;fy charsge w affect the original liab~:~ty of the MORTGAGOR here+n, either ia whole a in part. 10. It is spedficatly agreed that time is of the esunce of fhis co~trac~ and that no wai+er of any obliyat~on hereunder w of the obligaYan sr c~:ed hereby shall at any time thereafter be held to be a waiver of the tcrms hereof w of the instrument secured herby. I1. In add~tion to the forego"ng monrhfy payments of Frinc'pal and interest required by the p~om~ssory rote secured hereby, mortgagor covenants ~r,d agrees to pay to mo:tgagee x~th each monthly payrr,ent an add~rional sum est~mated by moctgagee to be equal to 1 j 12 of the annual ~ost of the follow- ~~ig: A-All real property taxes levied w assessed a9ainst thc above described reat estate. B-Premi~ms on fire and windstorm irtsurar.ce as hereir. requ:red to be ca~ried on the improvements situate on tF+e above described premises. C-Premiums on such rrortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the Ioan secured hereby. Mortgagee shall f.om t~me to time notify mortgagor in writ~ng of the amount due and payable hereundar and such sum sha11 thereupon be due and ~ ayable on the due date of the next monthiy payment and each successive manth the~eafter ur.ri! morlgagee shall notify mortgagor of a cha~ge in such ~.~ount. Such sums shall be appiied by mortgagee toward the payment of real property taxes, insurance prem;~ms, and mortgage guaranty insurance premiums. ~ IN WITNE55 ~VHEREOF, the said AAORTGAGQR has hereunto ser his hand and sea! the dny and year first aforesaid. j ~ Signed, Seaied and deliver _ in the presence ofc ~ - ~~L~/7~ ~~~~i2./~l%J ~ r----~- fSeaq ~ ~ . (Seap = (Sea4 - (SeaO I STATE OiF FLORIDA ~ - ~ COUNTY Of - Sfi• Ii1C~A ~ ~ 8efore me prsonally appeared P8111 A• ~~C~191'~ 8 a~19 Hdlllti~ ~ hlrwife, to me well known and known to me to be the individuat desuibed in and who executed ths fwegoing instrument, and atknowledged before me that he executed the same fw the p~rpoxs therein expressed. ~Aiw~~i~e•~sid ~ ~.r~t.~ef~~~ld '+e#e~rse'psea~lr~epew-ho~,-hie.asF~i~s~bw+dr~w~d~ed~+sw+ei~iefv.~ ++~e-eRe~s~~iws~w~ae,k•(.wl~~}.o~w.~ ~llr~tR~w~llRlePl17~'t~llKld!?; ~blflR'!1R'' 'fl~RbF~AC1!? • WITNESS my hand and official ual thi _daY of ` ~..!~,"'~~p„~ ~ ~ C2- 7C~ ~ otary Pubtic in and for e State of ' a ~i1'targe My Commisi~a+ expires: - ' ' Return To: : • ~ ~ First Federal Savings d. loan Associatio~ ' f~ O Of F rr A ~ .~TrRY FUP!)C J~ ~ v = ~ry : " - ' ~ ~"s~~ ~ . SJATf n! Ff ORl~j/R,~[ i~ ~ i fort ?ierce. Florida Y ~+E ` E , C;:'. . `!7 Et• ; " : ~ : r.,. c ;r. ~ ;~t~: t' 19)j . c-i ~ ' L, n~:s ~ ' ~ ~ .;;,~`e.~*^_^ ',J~ F~Lfa . ~ c~KoEO , This Instrument Prepared By D.F. HO~rgA! ST- ~~~'•f :.~)VliTY F~A, ~ First Federal Savings 8~ Loan Association R~ ~ i~; TRaS ( of Fort Pierce jtjpr~g o f~,i~~"~ ~-',t ~OUR1 s ~ i Checked By ~ Jll~ 7• ; ~ fL 43 PH'73 ~ ~ , 25fl250 ` so~~ ~'15 ~M~E 88 ~ - ~ . ~ - - _ _ _ ~ - {