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Home My WebLink About1300 3. To ptace and con?inuousiy keep on the bui:dings now a he?eafter ~ituate on said la~d and on all equiw~nt and per~onsliy covered by ~hi~ mortg- ags, with •11 prem~~mi thercon pa~d in ful~, tire insurance ~n the usual s~andard F,of~cy form, in a sum appraved by rhe MORfGAGEE, and w~ndsiorm Insurance in tha ususi uandard pol~cy fam, in a sum approved by tM MORTGAGEE, in ~uch company or comFanies ss the MORTGAGEE may directj ~nd all firs ~nd windslwm inturant~ poliues on ~ny. of said build~nqs, any inlerest therein or pa~t thereof, in ths s9grega~e sum afwesaid or In txce~s Ihereof, shall comain the us~al standard matga9ee clauie o~ such other claus~ as ths Matgagee may requ~re, mskinp Ihe loss under sa~d poli~ c~es, eacb i~d every, payabl~ to said MORiGAGEE ai its i~te~est may appeer, and each and eve~y such poticy ahatl be prompi~y ass.gned and detivered ~o •ny held by said MORIGAGEE as (unher iecurity ~o said mortgage debt, and, not les~ than ~en (t0) days in adva~cs of the expiration of each policy, ro da tiver to taid NWRTGAGEE a renewal thereof, topet}~sr with a receipt for the premium oi suth re~ewal; and there shall be no fire o? windsto~m insu:snce pl+ced a? ~ny of s~id buildings, ~ny i~tereit therei~ w part ?ixreof, unless in the fo?m s~d with ~he lou payable a~ aforesaid; and in the event any sum of monty 6ecornes payable under iuch policy w pot~cias said MORTGAGEE shall have the opt~on to receive a„d apply the ume on account of the indeb~ed- nefs setured hereby or lo permit aaid MORTGAGORS to tetaive arx! use it ot any part thereof iot o=hcr purFwses, vnthout ~h;~cu/ wai~i~~g or ~mpair- ir.g any eq~ity, lie~ or right under w by virtue of this mortgage; a~d in the event wid MORTGAGORS shaN !ar any reason fail to keep the said premises so insured, w fait ro delivar promptly sny of uid pol~cies of insurante fo said MORTGAGEE, w fail promptly to pay fully any pre~nium therefor a in a~y respect fai! to perform, discharge, eaecute, effect, complete, tomply with ~nd abide by lhis covenant, w any par~ hereof, said MORTGAGfE may place and pay fw such insurance or any part thereof wirhout wafving or affecting my oplion, lien, equity, ot righl under w by virtue of thii Mwtgape, and the full amounl of euh and every such piyment shall be immcdiately dve and payabfe and shall besr interest from the date thereoi u~til paid at the rate o1 nine pevi centum pae a~num and together with sucA intereat shali be secured by the lien of this mutt9age. To permit, commit w s~(ter no wa~te, impairment w derer'antion of said p~ope?ty w ~ny part thereof, 5. To pay ait and sirtipulu ths costs, charges and expensei, including a re~sonable attorney's fee and cosq of abatracts of title, incurred or paid at i eny time by said MORTGAGfE, ixcause o~ in the eve~t of tlx fa~:ure on ~he pa~t of the said MORTGAGOR 1o du~y, p~omptfy and fufty periorm, d~scharge, exccute, efFect, comptete, comply w~th a~d ab:de by eath and every the stipula~ions, aqreemenn, condi~ions, and covenants of said promiswry note a~d this mo~tqsgs any or eithe?, and said costs, cMrges and expenses, each and every, shall be immediately due and payable; whether or not there be notice da mand, attempt to collect or :uit pending; snd 1he full amount of eath aod every wch paymeM shalt beer inrerest from the date thereof until paid at the r.~te o~ nlne per crntum pe~ an~ium; and aq aaid costs, tharges and expenses incur~~d a paid, together w~th auch imerest, shall be setured by the lien of this mwtgaga. • 6. Tha? (a) in the event of sny b~each of this Mwtgsge or default on tM part of the MORTGAGOR, or (b) in the eve.~t any of ss;d sums of "money herei~ referred to be not promptly and tuUy paid w;~hin thirty (30l days nex~ after the same seve~atly become due and payable, without demand w notite, ~ or (c) in the event each and every the stiputations, agreemenb, conditions and covenants of sa~d promissory note a~d th~a mo~tgage any or eithcr are nol iuly, promptly a~d iully performed, d~xharged, executed, eftected, completed, compfied wirh end ab;ded by, the~ in ather w any such event the said ag- ~~egate sum rr+tNioned in sa'~d promiuwy note then remaining unpaid, with interest aurued, and all moneys secured hertby, shafl become due a~d pay- ab~e forthwith, or thereatter, at the option of said MORTGAGEE, as fvlly and compte~eiy as it att of ~he said sums of money were o+~ginslly stipulated ro be paid on such day, anyfhing in sa:d p~om~ssory note w in this Mortgage to the com.ary notwi~hstanding; and thereupon w ahereafter at the op~ion of sa;d MORTGAGEE, w~thaut notite w demand, suit at law w in equity, thereiore or thereatter begun, may be prosecuted as if all moneys sec~red hereby r~_d mstured pr~or to its inatitution. ~ That in the erent that at the beginnFng of or at any tirrx pending any suit upon this N4ortgagr, w to fweclose it, o? to reform it, or to enforce payment of any claims hereunder, said MO+~TGAGEE shall apply to the Court having ju~isd~ction thereoi for the ~ppo~ntment of a~Receiver, such Court shall ~ Forthwith appoint a receiver of said mor~gaged property all and singutar, includ~ng ail and singula~ the income, p~ofits, issues and revenues irom whatever source derived, each and every of wh~ch, it being expressty understood, is hereby mortgaged as if spec~fically set fath and desuibed in the ~ranting and habendvm clauses hereof, and such Receiver shall have all the broad and cffect~ve funct~ona and powtrs i~ anywise entrusted by a Co~n to a Receiver, and ~ s_;h appointment shall be rreade by svch Cour! as an admit~ed equity and a matter of absolute Nght to said MORTGAGEE, and withouY reference to the ; adequaty or inadeq~acy of the value of the property matgaged or to the so~.ency or insotventy of said MORTGAGOR w the defe~dants, and thaf such ~ fenlS, profin, incane, issues and revmues shait be appt~ed by such Receiver according to the lien w equity of said MORTGAGEE and the practice of such LGVA. ~ f . i 8. To duly, prompdy and fully pe?form, diuharge, exccute, eifect, comp~ete, compfy with a~d abide by each and cvery the stipulations, agreeme~ts, conditipni and cove~ants m sa~d prom~ssory r+ote and this mortgage se~ iwth. 9. That in the event tFe ownership ol the mortgaged premises, or any part lhereof, Eecomes vested in s person other than the MORTGAGOR, the l.'.ORTGAGEE, iri s~cteswrs and a~s~gns, may, without nmice to the MORTGAOR, deal with such successor or sutcessor in interest wi~h refere~ce to this mortgage and the debt hereby secured in the same manner as with Mortgagor w~thout in any way vitiating ot d~schargirg the Mwtgagori liability here- und?r or upon the debt hereby secured. No sale of the Fremius hereby mortgaged and no fo~bearante o~ the part of Ihe MORiGAGEE o? its successors ~ or assigns and no extension of the time fw the payment of the deb~ hereby sec~red given by the MORTGAGEE or its successws or assignt, ahall operate i ro release, d~scharge, modify change w affect the orig~nal liab~l~ty of the MURiGAGOR herein, either in whole or in part. ~ 10. It is spetif7cally agreed that time is of the essence of 1hi; contract and that no waiver of any obligation hereunder or of the obligation so- ; c~red hereby shali at an/ timr thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. a ~ 11. In add~tion to the forego.ng ~no~th!y payments of princ'paI and interest requ~red by the Hromissory no!e secured hereby, mortgagor covenants } ~~d agrees to pay to mortgagee v.~rh each monrhfy pay.r.ent an add:rional sum es~~mated by mortgagee to be eq~al to 1,~ 12 of the annual tost of the follow- ' 'ng: • - i A-AU real property taxrs levied w assessed against thc above desvi3ed real estate. ~ B-Premiums on tire an~ windsto.m ~nsurecce as herein requ~red to be carried on the improvernents situate on the above described premises. ~ C-Premiums on suth mortgage guaranty ~nsv~ar.te as mortgagee shal) f~om t~me to time deem fit to carry on the loa~ secured hereby. {t Mwtgagee shail from time to t;me notify mortgagor in writing of the amount due and payable hereundar and such sum shall thereupon be due and i F r~able on the due date of the next monthly payment and each successive month thereafter vr.til mertgagee sha8 notify mortgagor of a change in such ~ a~o~nt. Such sums shail be applied by mortgag:-e toward fhe payment of real property taxes, insurance prem:ums, a~id mortgage gvaranty insurance ; ~emiums. . 1N WITDJESS 1~HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Signed, Sea~ed and detivered in the presence of: _ _ ? rl~ ' _ nbea Meadaw a~~ ~ ~ Sea4 E 1' I t MB8dGA aq i S7ATE Qf [+le3-v ~Q"Z~ ~ ~ ~ ~ ' CQUNTY OF ~SS~t,1 i ~ Befwe me penonally appeared Reuben Meado+r a~ 4 5 Mazgaret Meado~r his wife, to me well known and k~own to me to be ~ thz individvala described in and who executed the foregoing insdument, and ackrwwledged before me that they exetuted the same for the purposes < Mar aret Meadow rhe.ein expressed. And the said 9 w:fe of the said R@~~ K~d~ , upon a separ~t~ ~nd priv#t~ ~ e,amination by me taken separdte and apart from her said husband, stkrawledged to and before me that she exetuted said instrument fc~tly and vol~m- } < rarily and w~thout any compulsion, constroint, apprehens~on~r fear of ot from her said husband. " ' ~ - ~ WITNESS my hand and official seal this day of ~y ..~,~~t. A,.,Q~ 1L~.3~~ ; = - . ,~3 ! ~ ~ ' - Z- . Notary Public in and for the State of~ib~ida _at isryd•. t~ ~ = My Commisi expires: - ~Z. , ' . g f Retum To: . ~ ~ ~,9 = first Federal Savings 3 Loan Associatfon ~~s o= Of Fort P:erce. . v~_AT• Fort Pierce. Florida $ <O ~ = NO~TBRY I~IQ~$ta~p~~~F~ ~ ; •~+~ooa~ + ; ~ F'~~ Maosh 80.1977~"' This tnstrument Prepared 8y J.H. RobeYts ~ JZ. - First Federal Savings 8~ Loan Association 25?y A ' of Fort Pierce, Florfda ~O~`~ ^Eo ~ i- ~=_CCP~ f1Lf~• A'•`1 ,~•;Y fl~• St.IOC,~ G~...~ S Checked ey ' nf.~:.~ `''_~.-{^.r.~URT ~ a ~l~ 'y'rv• -~'~r"~ ~ n ~ n.'~~K~ ~ - ~r~~~~.~ ?r..~E~.~98 ~e it 2~~K'~~3 - " ~N dz _ - _ - _ - - - , a _ . _ ~ , - ~ _ 3:z a t~:~