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Home My WebLink About0094 3. To placa a~d continuously k~ep on fhe bui'd~ngs no•ar a Aeree(ter situets on sa~d land and on ~1! equipmenl and ptrionally covered by Ihi~ mor~g• sgs, with all pre~iiumi lhercon pa~d in full, fire insurante in Ihe usual standard policy fo~m, i~ a sum ap~uoved by 1he MORIGAGEE, and windstorm iniursnce in tM usual ~ian~ard pot;cy iwm, in • sum approvcd by ~he MORTGAGEE, in iuch company or compsnies ~t the MOR)GAGEE may duect; u~d all fire and w~nd:?orm eMUrAnC! polic~es on a~y of sa~d Mrild.nps, ~ny intere~l Iherein or pa~t ~hereoi, in the aggrcga~c wm ~faeis~d or in txtess ~Fro~eof, shall cootain ~he usual ~iandard matga9ee davse a such other claus~ ~i tM AM1o~tpagee may requi~~, m~kinp tha to~s under sa~d potN cies, each and every, payabte to said MORTGAGFE at ftt interesr rnay appear, and each and eve,y such policy shatl bs promptly ass gned ind delive~ed to any held by said MORTGAGEE as fur~her secvrity to said mort~age debt, and, not les~ than ten (10) dsq in advance of the e~piral~o~ of each pol~cy, fo ds- ~~~t~ ~o said MORTGAGEE a re~ewal thereof, topethe~ with a receipt fw the prer~ium of iuch renewat; snd there shall be rw f+re o~ windstorm insurance p~ated on any of saed buildings, any interesl therein or pa~t thereof, unlest in tF+s (am and with tM lou payabk as aforeiaid; ~nd in the event any sum o~ mo~ey bccomes payable unde~ such policy w polKies iaid MORTGAGEE shall havs tM option to ~ecc~ve and appfy tfie same on account of the i~dabted- ness secured hereby or to permit said MORTGAGORS ro receive and uss it a sny par~ ~I~ereof tor otner pu~poses, rv~iho~~ ~h_r~o~ .va~~u~3 or ~~~~pa~~- ~ ing any equlty, Iten w right ~~dei or by virtue of this moregsge; and in 1M event sa~d MORTGAGORS ihal) fw any reason fail to keep the sald premiies so insured, or iail fo deliver promptly ~ny o{ said policies of insuronce to said MORTGAGEE, or fail promptly to pay fully any pre,nium tl~cre(or o~ in any ~ reapett fai) to perfam, discharge, execute, ettect, complete, comply wi~h a~d abide by thii cove~ant, or ~ny part hereof, sald MORTGAGEE may place and i pay fa such ins~rance a eny part thereof without waiving w ~ffecti~g a~y option, li~n, eq~+ty, or r~ght unde~ or by virtu~ ot ~his Mo.tgage, and the iull ~mount of each and every such paymeni shall be immediately due and payable and shall bca~ iroe~est !rom Ihe daq thereof until paid a? the ~aro ot ~ n~~e per centum per annum and togethrr with such interes~ shall be secured by the lien of thi~ mwtgaga ~ 1. To pe+mit, tommit or s~ffer no waste, impairment or deterioration of said property or a~y p~tt thereof. 5. To pay aq and singular the cosb, chargei and expenses, includiny a reasonable attwney i fee and wsts of abstrads cf ~itte, incuned or paid a~ any time by wid MORTGAGFE, lxcauss a in fhs evenf of the failure on the part of the said MORTGAGOR to duly, promplly and fully periorm, d~scharge. execute, eifed, complete, compfy with and abide by each and every the stipulat~ons, agreements, conditions, and mvenants of said prpnissory note and this mortgage eny a eitF~er, and sa~d cosh, cMrges and exptnses, exh and every, sha!1 be immediately dvs and payable; whether ar not there be notice de~ mand, attempt to coflect or suit pending; and the full amouM of each aod every such paymem sMll bear interest from the daro thereof until paid at the ra~e of nine per cenwm per an~~um; and all said costs, charges and expenses incurred or paid, ~ogether w~th such iaterest, shall bs secu~ed by the lion of th~f mortQege, b. That (a) in the event of any breach of thii Mortgage or default on the part of thc MORTGAGOR, w(b) in the event sny of satd sums of rtaney herein refcrred to be not promptly and fully paid within thirty (30) days next after the same severally become due and payabte, without demand or notite. or (c) in the event each and eve~y the stip~lations, agreements, condit~ons and covanants ot sa~d promissory note and th~a mor~gage any or either are not iuly, prwnptly and fully periwmed, d~xharged, eaauted, effected, completed, compLed wiih and ab~ded by, tfien in e:ther w any svch event the sa~d ag gregate sum rrKroioned in sa~d promisso~y note then remaining vnpaid, wieh inte~est acuued, and alI moneys secured hereby, shall become dw and pay- able forthwith, w thereaiter, st the option of said MORTGAGEE, as fully and compterely as i( all of ~he said sums of money were wiginally st~pulated to be patd on such day, anything in sa:d prom~asay nme o~ in this Mortgage to the contrary notwiihstanding; and thereupon w thereafter at the op~lon of sa+d MORTGAGEF, withouf nor~ce or demand, suit at law w in equity, therefore or tFKreafter begun, may be proxcuted u if all moneys secured hereby had matured pnor to its institution_ 7. That in tM event that at the beginning of ot at any time pending any suit vpon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any cla7ms he+eunde~, sa;d MORTGAGFE shaA apply ro the Cour~ hav~ng jur~sdic~~on ~nereoE for the appo~ntment of s Receiver, such Court shall forthwith appoint a receiver of said mortgaged property alt and singular, inctud~ng all and singulsr the income, pro(~ts, issues and revenves from whatever so~rce derived, each and eve~y of which, it being expressly understood, is ixreby mortqaged as if specificaUy xt lorth and destribed in the g~anting and h~bendum clauses hereof, and such Receiver shal{ Mave all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be ~riade by such Court as an admi~ted equ~ty and a matter of abso~ute right to said MORiGAGEE, and w~rhout referente to the adequaty or inadequacy of the value of the property mongaged or to the so~vency o~ insotvency of said MORTGAGOR or the defendants, and that such ~ renrs, profits, income, issues and revenues shall be appl~ed by such Receiver accord~ng fo the Iien or equity o1 said MORTGAGEE and the pract~ce of such ~ Court. • 8. To du1y, promptly and fully per{orm, d7s!haage, execute, effect, complete, cwnply with and abide by eath and e~ery the stip~lations, agrcements, ~ conditions and covenams in :a~d promi~swy rate and this mortgage sN forth. 9. That in the event the ow~rship of the mortgaged premises, a any part thereof, becomes vested in a pe.son other than the MORTGAGOR, the ~ MORTGAGEE, ita suctessors and assigns, may, wirhout notice to the MORTGAOR, dea! with such succeuor a wccessw in interesl w~th reference fo this . } morfgage and the deb~ hereby secured in the same manner as with Morrgagw w~thout in any way vit~ating or d~scharg~ng the Mortqagors' liability herr i under w upo~ the debt hereby secured. No sale of the p~emises hereby mortgaged snd no forbearance on the part of the MORTGAGfE or itf successws or assigns and no extension of the tirr~ (w the payment of the debt hereby secured given by thr MORTGAGEE or its successors w assigns, ahell operate to reiease, di:charge, moclify thange w affcct the original Ilability of the MORTGAGOR herein, either in whok or in part. ~ 10. H is spec~fically agreed +ha~ time is of the esuoce of thGs contract and that no waiver of any obligat~on hereunder or of the obligation se- K cvred hereby aha11 at any lime thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. : 11. In add~tion to the fwego:ng month!y payments of princ pal and inte~est required by the p~omissory note secured hereby, mortgagor covenants ' and agrees to pay to mortgagee wi:h each monthly payment an add~rional sum est~mated by mortgagee to be equal to 1/ 12 of the annual cost of the fo(tow- ~ :ng: ~ i A-Afl rral _properry taxes levied or assesseti agai~st the above desaibed real estate. ~ B-Prem~ums en fire and windstorm ins~rarce as herein requ~red to be carried o~ the improvements situate on the above described premises. C-Premiums o~ such mo:tgage guaranty ir.surance as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby. f , Mortgagee sfiaf( from time to time notify mortgagor in writing of the amowr due arrd payable hereunde? a~d such sum shall thrreupon be due and ~ ~ ~.ayable on the due date of the next monthiy payment and each successive month thereafter ur,til mortgagee shatl rwtify mortgaqor of a change in such a~~~ount. $uch sums shai~ be applied by mortgagee toward the pa~ment of' real propeny taxes, insu~ance prem;ums, and mortgage guaranty insurance p ~emivms. IN WITNESS Y~HEREOF, the said MORTGAGOR has hereunto set his hand and seal tt~e day and year first afwesaid. j I~ . Sig ed. Seal a livered in the presence of: . • t ~ ~ lcG2.. r1.t~--t._~-t_.. a~~ i / (Sean , Ili~t2 ~ ~ c-/k~.~~,rv (Scan ~ ~ ~ ~Sesl) - i SiATE O~f~6~fi~S~ M~"'~~~~_ ~ e ~ COUNTY OF ~ : ; ~ Befae me penonally appeared Gail 1. Graham a~ ~ ~ Cc"~.Z47 lfle F. Graham his wife, to me well keown and known to me to be ` } rhe individuais desuibed in and who execured the foregoing instrumeni, and•acknowledged before me that they executed the sarr~ fw the purpoaes - ~ therein expres3cd. And the said Caroline F. Graham S wife of the said Cic"il l I Graham upon a xparate and private ~ examinatio~ by me taken separate and apart from har said husband, atknawledged to and befwe me that she exetuted said instrument freely and votun- r rarity and w~thout any compulsion, const~aint, apprehensy~o~' or fea? oi a from her id husband. ~ WIiNE55 my hand and off~cial xal fbis ~ q w day of ~ ` q, p_ ~q73 ' ~ U ` Notary Public in and for the $tate o'bt~i at Lprp~__,_,!„_~~ s My Commession expites: ~ ~ f`~• Return To: I ~ . ~ ~ . ` . . ~ Firsf Federal Savings 3 loan Association ~r J~ 5 i Of iort P~erce. , : v 9 tt~' - Fort Pierce. Fforida fICEL~ tM: r!E' tlt?~£~ ' - ST. IUCsE ~UU!!TY FLA. ~ • " • } Fac== :J•~R4S , h y.~ ~ c~F~:z ...~t~ :OURT ~ • - . ; Ccr~1[ ~ :c. _ cn • ' ~.s~c: . . = This Instrument Prepared By Richard K. KaVes - ~ • , ` First Federal Savings ~ loan Assoc+ation J~N T 12 43 ~M ~ 1~ ' ' , of Fort Pierce ~ Florida ~ ~.i-~.~ ` jr.- ~n~•_. . ' ` . i ~ Checkect By = zs~2s3 3 ~ BooK 215 PACE 94 ~ ~ - _ ~ ~ , „ y x` - ° f~ ~ ~-.,~-x~~~ j