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Home My WebLink About1026 3. To place and continuou~ly keep on the b~~!d~ngs now o~ hereafrer situate on sa~d Iand and on aii equ~N~nent and personally covered by ~his matg- sgs, with all premiums thr~con pa~d i~ full, f~re insv~anca in the usval s~a~~dard poficy form, in ~ sum approved by the MORfGAGEE, and windstonn ~n~ura~ce in the usual ara~~dard pol~cy fam, in a sum approved by ~he MORiGAGEE, i~ •uch co~npany or compan~es ai ~he MORiGAGEE may dfrech and sll tKe and w~ndstorm insurance po~~ues on any of ss~d bvild~r,gs, any interes~ therein or parl thereof, i~ ~he ayg~egate ~um alaesaid o~ in exce~s ~hereof, thall con~ain the usual etandard ma~gagee ciause or such o~her clause as ~he Moi~gagee may requ~re, maMing the lo~s u~~de~ sa~d po1~ cies, each and eve!y, payable to said MORTGAGEE as ~n ~nteres~ may appea?, and each and every such pol~cy shall be promptly ass gned and de~ive~rd ~o any held by sa~d MORiGAGEE as iur~her secur~ty to sa~d ~nortgage debt, and, not tess ~han ~en (10) days in ad~ance of ti,e e~piration of each pol~cy, to da live~ to said MORTGAGEE a renewal thereof, loge~he~ with a rete~pt (w 1he prsenium of such renewal; and Ihere shall bo no fire or winds~o~~n insurance plated on a~y ol said buitdings, any interest the~esn or Qart thereof, unless i~ ~he (orm and with the loss paysble as aforesaid; and in the event any sum of mpnQy becomei payable u:~de~ s~ch poticy a pol~cies said h10RTGAGEE shall have ~he op~~on 1o receive a~id apply the sa~eie on accoum o( the inde6ted- ness secwed heroby w ro pe~mit uid I~AORiGAGORS 1o receive and use it a any part thereof for o~he~ pwposrs, v.iiho~t th_~~ u/ wai~u~3 or u~~pou- ing any equ~ty, lien w right undcr or by vir~ue of ihis mo:rgage; and in the event ia~d MORTGAGORS shall for any reawn (ail to keep the said prc:niszs so insu~ed, w fail to deliver promptly any of said pol;cies of insurance to seid MORTGAGEE, or (a~~ promptly to pay Iuily any pre~n~u~n iherelw or ~n a~Y reapecf fail to perFwm, di:charge, eaecute, effect, complete, comply with ar+d abide by this covenanl, w any part hereoi, said MGRIGAGEE may p~sce a~d oay (o~ such in~ura~te or any part thereof without waiving or atfecliny any option, lien, equity, a righ~ under or by virtue of this Mo~tyage, a~d tF+e fvll amounl of eath ancl every such payment shall be immediateiy due and payable and ahafl bear interes~ from the date thereof until paid at the ~ate o1 nine per centum per annum and to3z~har with such interest shali br secured by the lien ot this mortgage. 1. To permit, commit or suffe~ no waste, impairmeM a deterio~ation of said property or any part thereoi. 5. To pay all and tingular the cosis, charges and expenses, including a reasonable sttwney's fee and costs of abstracts of title, inc~rred or paid at any time by said MORTGAG:E, because ot in the evero of the fa~ture on the part of the said MORiGAGOR to duly, promptiy and fully perfam, d~xharge, ex~cute, ef(ec1, compleee, co+nply w~th and ab:de by each and every Ihe stipulations, agreements, conditw~s, and covenanrs of said promiswry.note and this mortga~e any ot either, and sa~d costs, charges and expenses, cach and every, shall be immediately due and payabte; whether or not there be notice dr mand, atte~npt to collect or suit pend~ng; dnd the full amount of each and every such payment shall bea~ interest irom the date thereof unNl paid at t1~e rare oi nine per centum ~r annum; and all wid costs, tharges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of 1hi~ ; i morfgsys. d 6. Ths1 (a) in the event of any breach of this Mortgage or defaull on the part of the MORTGAGOR, or (b) in the event any of sa~d svms of money j herein referred to be not p~ompily and futly paid within thuty (30) days nexl afte? the same severaily betome due and payabte, wi~hout demand u? notice, or ic) in the event each and every ~he stipulations, agreements, condrtions and covenaros of sa:d promissory note a~xl th~s martgage any or either are not iuly, promptly and fully performed, d.scharged, eaecuted, eifected, compteted, complied with and abided Sy, then in either w any such eveM the sa~d ag ~regate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all mo~eys setured hereby, shalt betome due and pay able for?hwith, or thereafter, at the option of said A10RTGAGEE, as fully and comple~ely as if a? of the sa~d sums of money were onginally it~pulated to be pa~d on such day, anything in sa;d prom~sswy note w in ~his Mortgage to the contrary notwi~hstanding; and ~herevpon w thereafte~ a~ the op~~on of : sa~d MORTGAGEE, without nouce w demand, suit af law w in equity, therefore or thereaher beguo, may be prosecuted as if a!I moneys secured hereby ; t nad mawred pnor to its institutio:~. ~ ~ 7. That in the event that at the begin~ing of a at any time pendirg any su~t upon fhls Mortgage, w to fo~eclose it, w to reform it, or to enfo?ce ~ payment of any claims he~eunder, said MORTGAGEE shall apply to the Cour~ having j~risd+c~ion thercwf fw the appointrrsent of a Receiver, such Court shall forthwi~h appoint a receiver oi said mortgaged property alt and singutar, includ~~g all and singular the income, prol~ts, issues and revenues (rom whatever so~rce derived. each a~d every of wh;ch, it being expressly understood, ia herrby mongaged as if ipeufically set forth and deuribed in the granting and F,abendum clauses hereof, and svch Receiver shall have all the broad and effecr~ve funct:ons and powe~s in anyw~se entrusted by a Court to a Receiver, and :_:h appointment shall be made by such Court as an adrnitted equity and a matter of absolure righl to said MORTGAGEE, and without reference to the adequacy or inadequacy of the valire oi th.: property mongaged or to the so~ve~cy or insotvency of said MORTGAGOR d the defendants, and that such re~~fs, profits, income, issues and revenues shall be apptied by such Receiver accord~ng to the lien or equity oi said MORTGAGEE and ihe practice of such Courf. 8_ To duty, promptly and fully perform, discharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, ag~eements, { conditions and covenams ~n sa~d promissory note and this mortgage set for~h. 3 9. That in the event the ownership of the mortgaged premises, or any parf thereof, becomes vested in a perwn other than the MORTGAGOR, the ~ !:.ORTGAGEE, its successors ar.d assigns, may, withou? notice to the AtiORTGAOR, deal wi~h such s~ccessor or suctesso~ in interest with ~eference to this ~ ~:o~tgage and the debt hereby setured in the same man~er as with Mortgagor w~fhout in any way vitiating or dixhargtng Ihe ~dortgagors liability here- ~ under w upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the part oi the ?~10RiGAGEE o~ its successors ~ or ass~gns and no extension of fhe time ior the payment of the debt he.eby secured givan by the MORTGAGEE or its successws w assigns, shali operate ro release, d~xharge, madify thange or affect the or~ginal Iiab~I~ty of the MORTGAGOR herein, either in whole or in par1. - 10. h is specifically agreed~ that time is of the cssence of this contract and that ao waiver oi any ob6gation hereur.der or of the obligation sr ~ c:,red hereby ahali at any tune thereaher be held to be a waiver of the terms hereof or of the instrument secured he+by. I1. In add:tios to the forego:ng monthly payments of princ'pal and inrereat requi~ed by the prom~ssory note secured hereb/, mortg~gor covenants ~~•.d agrees to pay to mortgagee v~dh each monthiy payrr.ero an add~rional sum esnn:ared by mortgagee to be equal to 1;'12 of the annuol cost of the follow- ~ng- A-All real property taxes levie~ or assessed again<_! thc above dcscribed rial estate. B-Prem~ums on f~re and ~vir.dstoren insurar.ce as here~n requ:red to be ca~r~ed on the improvements sitvate on the above d~sa~bed premises. C-Premiums o~ such mortgage guaranty insurar~~e as mortgagee shall irom t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha!1 !rom iime to t~me norify mortgagor in wrirng of the amount due and payabte hereunder a~d such surn shall thereupon be due and i ;.;yable on the due date oi the neRt month!y payment and each successive month thereafter urti? mortgagee shatl notify mortgagor of a change in such +^.ount_ Such s~ms sFail be app:~ed by mortga~•~e ~oward the paymem of real property taxes, insurence p~em;ums, and mortgage guaranty insurante E p~emiums. ~ IN Y~ITPJE55 WHEREOF, The said MORTi,AGOR has hereunto set his hand ar.d seal the day and year fi~st afwesaid. i Si9ned, Sealed and delivere in rhe presence of: _ a~ ~ ~ C~ Y ~ n . q f ! . seaq ~ ' ~t~LY.~ , Carol Jea Jenk' s ~aq ~ ~ ~ STATE OF FLORIDA CoUNTY OF St • LilCle ~ Befwe me perso~a~ly appeared ROy E. Jenkins a~ Carol Jean Je~kins his wife, to me we!~ known and known to me to be rhe individuats described in and who executed the foregoing~ instrument, and acknowiedged before me that they executed• the same fot the purposes rherein eapressed. And the said CaI01 Jean Jenkins ~ r.~fe of the said Roy E. Jenkins upon a separata and private ~ e~aminat~o~ by me taken separate and apart from her said husband, atknowledged to and befo~e me that she executed said instrument freely and vofurt- rar~ly and w]thout any compulsion, constroint, appreh~ n/s~~o/n ot fear of or from her said husband. ~ WITNE55 my hand and offic~al seal tbis ~c.X Y,LL. dsy J~e A. p, 1q 73 . P/ . ~ ~ ~ . U.~' ` ~ ~ ~ _ ~ otary Publlt io and fo? tFte te of ri~, ~1 at O; ~ ~ ~;..:,,5 r ~ r My Commisaion eapires: `..v•.•:"r~~:s~ ~t-''~- Return To: G . ' ~ - ~~~i ~'1" ~ ~ 256821 ~rA~:~as~i~~ . First Federal Savings ~ Loan Associat~on ~ Ot Fort P:erce. MY COk4~?~j~'(^~V~E7(F1RfS't~ (~'!~2fJ, kQ~S ` ~ Fort Pierce, flor~da FiLCC 1k~ "E~TY FLA. "O"a~aTM1 t~:~ i:~;,~sr~e'un~e:~ytets. ~ ST. LUC:E ~~j ,N _ ~ _ ~ P~,~~: p_ ?caS J ~ ^L=~.t. . '.;tT C^•JFtT _ Fr:y, ~ . _ O ~ Q ~~N`' ' : " This Instrument Prepared 8y pu 7 • ~ John W. Collins ~ I ~ I 3 ~ ?'~i First Federal Savings & Loan Association JU 23 `n ~ of Fort Pierce~ Florida Y~'' ~ Checked By - ~ ~ , , ~ s~ x~; j S ~ a~Qx~l~ ~~-~,~4 ~ s:ti ~ 4_~ ~ - - _ _ _ ~ y - _ - ~ ~