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Home My WebLink About1296 To plac~ and continuousiy keep o~ the bui:d~ngt now w harea(te~ ~ilu~te on said land a~d on alt equip~nent and perso~ally covered by fhis malg- sge, wilh ~I) pramiums therew? pa~d in full, fire insurance in the usual stsnda•d po~~cy form, ir a sum approved by tht MORfGAGEE, a~d windstorm ins~~a~?ce in the usuat s~andard pot;cy fcrm, in a sum approred by iM MORiGAGEE, in ivch company or companies at the MORTG~?GEE may dirct~s •nd aN tir• +nd win~lsto~m insuiance polic~ez on any of ia~d buildinyi. ~ny in~erest tharein or part thercof, in the aggregare sum afaesaid o~ in ~xceu thereof, ihall contain the usual sundard mwt9ayee clause w such other clavse as the Alortgagee may requ~re, makinp the los~ unJer ~a~d poli. ues, e~c1? and every, payab~e to said MORTGAGEE ~s its in~erest may ~ppear, ar.d each and every tvch policy shall be p~omptty ass gned and deiiv~rrd to eny held by said MORfGAGEE ~s fur~her aecu~~ty ~o said mort9age debt, ind, not leu ~Me ten (IO) daya i~ advance o~ the expirat+on of e+ch polity, to dr Iiva fo iaid MORTGAGEE a renewal thereof, togNher wi~h ~ teteipt fo~ lhe p~emium o} such renewal; and there shall be no f~~e o+ windsto~m insurance p~sced on eny of said build~ngs, ~ny intcret~ the~ein a part Ihereoi, unless in ~hs form and with ~he lou payable as aforQiaid; and in the eve~f any tum of mon~y becomes payable unde~ i~,ch policy or pol~cies uid MORiGAGEf shall have tM opt;on to receive and spply the sanx on account of ti?e indtbted- ness secur~d hereby w to permit said MORTGAGORS Io nceive and use i1 or any part thereof ior o~he. purposes, v.~thout ~h.r~u~ waivi~ig or ~~npau- ing any equity, lien or right undcr a by v~rtue of this mo:lgage; ~nd in 1he evcnt uid MORTGAGORS shall for any reason fai! 1o keep the said p~emiszf fo insured, or fail fo delive~ p~omptly any of seid policies of insuronce to said MORTGAGEE, or lail p~omptly to pay (vlly any pran~um therefor or in any respect fail ro pe~fwm, discharge, exec~te, elfett, complere, compJy with and ab~de by this covc~an~, w ~ny part hereof, yaid MORTGAGEE may plxe and pay (w such i~surance or any pan therevf without waiving or affading any option, lien, eqvity, or r~ght unde~ w by virtue of this Mo+~gage, and the full amount oi each and avery such paymem shall be immediately due and payable ~nd shall bear interest irom the date ~hereof until paid at the ~a~e of nlne per centum pe~ annum and together witA such interest shall be secured by the !iM oi thia mortgage. ~ To permit, tommit or suffer no wasle, impairment or. deterioration of sa+d p~operty or any part thcrcof. 5. To pay all and singular the costs, charges and expenses, including a rea~onable attorney i fee snd costs of abstrads ~f titte, incurred or paid at any time by said MORTGAGfE, becwss a in ~he eveet of the lailuro on the part of the sa'id MORTGAGOR Io dvly, pra~~ptly snd fully periorm, d~scharge, execvte, ef(ect, complete, comply wi~h and ab;de by each ~nd every Ihe stipul~tions, agreements, tonditions, and covenants of sa~d promi:aory note and this -r,ongsgs any w eifher, and u~d costs, chargca a~d expe~ses, each and every, shall be immediately due and payab:e; whe~her w not there be no~ice da mand, attempt to co!{ect o~ suit pend~ng; and the full artwvnt of eacA and every such paymeM shatl bee. interesr f~om ~Ae date the~eof until paid at the ~ote of nine pe~ centum pe~ a~~num; and all said costs, cha~yrs and expenses incurred w paid, together w~th such imeresl, shall be setured by the lieo of thif mortga9s. . 6. That (s) in ~he event of any breach of th~s Mo~tgage or default on ~he part of the MORTGAGOR, or (b) in the eve~f any of satd sums of mo+?ey herein refe~red to be not prompdy and fv!!y paid within th;rty (3p) days nex~ afte~ the ~ame seve?ally Ixcome due snd payable, withoW demand o? nmite, or (c) ir? the event each and every the stipulatioru, agrcements, conditions and covenants of sa:d promiuorjr note and th:s mortgage any w either are no~ iuly, promptly and fully performed, d:uMrged, execu~ed, eifected, compteted, compt~ed wirh and ab~ded by, ~hen in e~ther or any such event ths taid ag # g~egafe sum mentioned in taid promissory note then remaining unpaid, v~ith interes~ actrued, and atl moneys secured hereby, shall become due and pay- able forthwith, or fFureaiter, at the option oi said MORTGAGEE, as fully and comp~etely as if all oi tfie sa~d sums of money were orginally st~pufated to be pald on svch day, anyrhing in :a:d o~omisswy note or in this Mortgage to the contrary notwithstanding; and thereupon w thcreafter at the option of sa~d MORTGAGEE, without notice or dema~d, suit at law or in eq~ity, therefwe a lhereai~er begun, may be prosecuted as if a(1 moneys secured hereby nad matured pnor to ~ts inst~tu:ion. 7. That in tt+e event that at the beginn~ng of a af any time pending any suit upon this Mortgage, or to foreclose it, w to reform it, or to e~force payment of any claims Fxreunder, sa~d MORTGAGEE shatl apply to the Court hav~ng jurisd~a~on thereof for ~he appointment of s Receiver, such Court shall Forthwith appoint a reteiver of said mortgaged property alt tnd singular, inc(ud~ng ail and s~ngular the income, prof~ts, issues and revenves from whatever so~rce derived, each arui every of wh~ch, it being expressly understood, is he~eby mortgaged as if specificatly set iwth and deuribed in the yranting and ; habendum clauses hereof, and such Receiver ahall have all the broad and efiective funct~ons and poweri in anywise e~trusted by a Court to a Receivea, and s:.;h appoi~tment shalf be made by such Court as an admitted equity and a matter of absolute right to said ,MORTGAGEE, and without reference to the adequaq w inadequaty of the vatue of the property mwtgaged or to the so~venty or ~nso~vency oi aaid MORiGAGOR or the defendants, and that sucfi renrs, profits, income, issues and revenues shatl be eppfied by such Receiver accord~ng ro the lien w equify of said MORTGAGEE and the p~actice of such Court. ~ i 8. To duly, promptly and fully perfwm, d~scharge, execute, effect. comptete, comply w~th and abide by each and every the st~p~lateons, a3reements, ~ cond~tions and covenants ~n sa~d promEssary note and ~h~t mortgage set fwth_ i 9. That in the event the ownership of the morrgaged premises, or any part the~eof, becomrs vesfed in a person other than the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, without noti<e to the MORTGAOR, deal with such successo~ w successor in interest with reference to this mongage and the deb~ hereby secu~ed in the sartee manner as with Mortgagor wlthout in any way vitiating w d~xharging the Morrgago~s' liability here- under pr upon the debt hereby sec~red_ No sale of ~he premises he~eby mortgaged and no fo~bearance on the part of the MORTGAGEE or its successors ar assigns and no eatension of the time 1a the payment of the debt hereby secured given by the MORTGAGEE or its successors or au+gns, ahafl operate to :elease, dixha~ge, modify change or atiect the oreg~nal liab~l~ty of the MORIGAGUR herein, either in whole or in part. i0. tt is specificaily agreed that time is of fhe essence of this contract and that no waiver of any obligateon hereunder w of the obfigation se- cured hareby shall at any time thereafter be held to be a waiver of the terms hereo( or of the instrument secvred he~by. 11. In add;lion to the iorego ng montMy payment= of pr.nCpal and interest req~~red by the promiswry nore secured hereby, mortgagor covenants and agrees to pay fo mo:tgagee w~th each monrhEy payr„ent an add~r,onal sum esi~m.a~ed by mortgagee to be equal to 1 j 12 of the annuat cost of the follow- ~ ~tg: A-Aii real property ta:es lev~ed or assessed agaiost ihe above dezcribed real estate. ? B-Premcums on fire and windstorm ensurance as herein requ~red to be carried on the imp~ovemeats s~tuate on the above d:suibed premisea_ j C-Premiums on such mortgage gvaranty insura~:ce as mo~tgagee sha:! from t~me to r;me deem tit to carry on the loan secured hereby, t Mwtgagee shal! frpm t~me to time not[fy mo~tgagor i~ writ~ng of the amo~~t due and payable hereunder and such surn shall thereupon due and ~ay361e on tbe due date of the next month;y payrrKnt and' each wctessive mooth thereafte? urtil matgagee shatl notify mortgagor of a ng in such a•~.ount. Such sums shati be apptied by mortgagee roward tl~e payment of real property ta~ces, insurance prem: ms, and mcvtgage guaranty nsurance premiums. ~ ITNESS WHEREOF, the said MORTGAGOR has hrreumo xt his hand and zeal the day and ye st esaid. ~ Sey , Sealed a li the presence of: ( / ~ - al) ! St@ eI1 Pd (Sesl) ' - (Seal) i - J Page s~aq ~ I StATE OF~a~a~ Illfnois ~ . E COUNTY OF C~' ~ ~/c~ ~ i Befae me penonally appeared SteV@ff C• Page and E - 'JOMn p~QS ' his w;fe, to me well known and known ta rt+e to be the indiriduals dexribed in artd who executed the for a instrumeM, and adcnowl t ` eg ng edged before me that they executed the same for the purpases ! therein exp~essed. And the said JoAnn Pa @ ? Nife of the said 9 Stevan ~ Pd @ xp~je- and private ~ examinat~on by me taken separate and apart from Fwr said husband, ack~owledged to and befwe me thaf she executeci seid'instrumeni+f~e~Ix'•tnd volvrr ~ +a~ily and without any ccvnpulsion, constraint, apprehen pr fear of ot from her said husband. L\ .r ~ WITNESS my hand and official seal this_ day or J~e ~J~ . E` a G i9 73 , ~ < < ~ . ~ Notary Public ~ and f ~.~yte ~ at llrse : j My Commissioo e:pire y~ aC~~- ? Returr. To: • f „ fint Ftderal Savings 3 Loan Association / J;y ~3 ~vp yi,%~~ ~,r~ , ~ Of Fort P:erce. ' r:~•u1~ ' . . Fort Pier~e, Hcrida ,f ' This instrument Prepared By J. H. RobeYts, Jt. ~ Firs! Federal Savings 8~ loan Association f~~E~ °C~~A~€~ - of Fort Pierce ~ F2oYida ST. LUCI~ ~•0'~NtY ~l . - F.~:f': ,~t~AAS ~ ~s . GtE?c i . ,:~IT C+?U~T ~O-y ~ Checked By ~.3., p~~.,~-, ~..-~~nr,,, ; : BUOK~~S PA[E JIIN Il 22PM'~3 1294 ~ ! ~ z _ _ . _ _ _ ' ` ' _ _ _ _ _ _ ' ~ _ ~ , , , ~p - - ~ ~ ~ ' - : - . _ _ - .