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Home My WebLink About1304 ~ . ~ . ~ 3. To p!ace and con~inuously kecp on the bu~:dings now or heroaite~ ~ituate on said Isnd and on all equi~vnent and personaNy covered by this ma~g- ege, with ~II prem~ums thercan pa~d in f~lt, fire insurance in ehe usual s~andard poGCy (o~m, in a sum approved by tha MORiGAGEE. and w~ndsto~m ~nsur~nce in tM viual sfandard pol.cy for~n, in ~~um app~oved by ihe MORTGAGEE, in such company or co~npan~es ai ~hs MORTGAGEE may d~retr, •nd all fire and w~ndstorm insure~ce policies on any of said build~ops, ~ny inrerest therein or part lhereoi, in ~hs agqre9~te sum ~faeia~d a ~n sxcest thereof, shaU contaen the usual standard mortgagce clause a wch otFKr dauss as the MwtQagaa may reqwre, making ths losl under ~a~d pol'r ~ des, each ~nd every, payab~e ~o said MORTGAGEE ss ~~s interei~ m~y appear, and each and every tuth poi~cy ~hafl bn pranpNy ass 9ned +nd de~~verrd ~o •ny held by ssid MORIGAGEE as (urther securiry to sa~d m.ongsge deb?, and, not lesi ~han ~en (10) dayi in adva~ue of the expir~t~on of each policy, to de- # tiver to uid MORiGAGEE a renewal thereof, logeths? with a receipt fa 1he premium of tvch renewal; and ~hzre thall be no fire or winduo~m insur~~te pleced on ~ny of said buildings, any interest therein or parf thereo~, ~ntess in the form and with the loss psyabk a~ aforetaid; a~d in 1M ev~M +ny sum of money becomes payabte under such policy w policies isid MORTGAGEE shall havs ~he option to receive and apply the same on accovnt ol the indebted~ neu secured hereby or to permit said MORTGAGORS to receive and use it o? any part thereof fa mhm pur;:oaes, wiihout ihe~~u~ ++.aiving o~ unp.~in ~ny any equ~ry, lien or right under w by virtue of this mo: sgage; and in the event se~d MORTGAGORS sAall fa any re son fail to keep the said prem~sei to ; insured, a fail to deliver promptly sny of said po~Kies ol insurance to said MORTGAGEE, or fail promptly to pay ~Ily eny premium ihcretor w i~ any ; respect fail to perfo.m, d~scharge, execute, effec~, complete, comply wirh anc) abide by th7i covenant, w+ny part he~eof, taid MORIGAGEE may place and ~ pay fo? suth iniurante w any part thertof without waivirg p affetting any option, lien, equity, or right under w by virtue of this Martga9e, and tht full unovnl of each a~d every such payment shaU be immediately due and payable and shail bear interest from the date the~eoi until paid at tha rate o! n~ne per centum pe~ an~um artd togetAer wifh such ~nterest shali be secured by tF~e lien of this mortgage. 1. To permi~, ccmmit w sufier no waste, impai~ment w dcteraration of said p~operty a any pa~t thereof. 5. To pay all snd tingulsr the costs, charge~ and expensea, including a reasonable attaney's fee and costs of abstracts of title, incurred a pa~d at any time by said MORTGAGEE, because w in the evrnt of the failure w? the par~ of the said MORTGAGOR to duty, promptly and fully perFam, d~scharge, execute, effect, complere, tomply w~th nnd ab:de by each and every the itip~lat~ons, agreemen~s, cw~ditions, and covenants of sa~d promissory note and th;~ mortgaqe any p either, and said costa, chsrges and expenus, each and eve~y, shall be immediately due and payabk; whether a not the~e be no+~ce da mand, attempt to totlecf w suil pend~ng; and fhe fu!! amovn! of each and every such payment shall 6ea? interesl irom the date thereof until . paid at fhe rare of nine per centum per annurn; arw all sa1d costs, charges and expenses incurred or paid, together wnh wch interest, sAall be secured by the Iieo of thii ; mort9age. - . ~ 6. That (a) in the event ot any breach of this Mwtga9e or default on the part of the MORTGAGOR, or (b) in the event any of said sums of mo~ey F herein ~eferred to be not promptly •nd fully paid within th~rty (30) days next af~er the same uvera!ly lxcome due and pay~ble, withoui dcmand w notice, ~ or in tFx eveN exh and eve~y the stipulations, agreements, conditions a~d covenants ot sa:d prortiissory note and fh~s mo~tgage any a li~her are not iuly, promprly and fully performed, d~scharged, executed, effected, completed, complied w~~h and ab;ded hy, then in either w any such evenl the sa+d ag- ~ gregafe wm mentaned in said promi:sory note then remaining unpaid, w~th inferest accrued, and all moneys aecured Fxreby, shall become due and pay~ able (orthwith, or thereafter, at the oprion of sa~d MORiGAGEE, as fully and completety as if all of ~he said sums of money were orginally s~~pulated ro be pa~d on such day, anything in sa:d promisso.y note or in this Mo:tgage to the contrary notvfi~hstanding; and thereupon w thereafter at the op~~o~ of sa~d M~RTGAGEE, wirhout not~ce ar demand. suit at taw or in eq~ity, theretore a thereafter begun, may b~ prosecused as if alt moneys secured hereby hdd rtNfNffd pl~pf 10 i13 inSti~uJiOn. 7. That in the evmt that st the beginning of w at any time pend~ng any suit upon tF,is Mortgage, a to faeclose it, or to reform it, w to enforce paym~r?t of any claims he~eunder, said MORTGACsEE shall apply to the Court having jurisd~dion thereof for the appointment of a Receiver, such Cour1 shall fo: thwith appoiot a receiv~~ ol said morigaged property alt and singuiar, inci~d~ng all and singular the income, prolits, issues artd revenues from whatever scurce derived. each and every ol which, if being expressly understood, is Aereby mortgaged as if specifically set fath ar+d destribed in the granting a~d habendum clauses hereof, and such Receiver shall iwve a~l the broad and effective funct.ons and powen in anywise entrusted by a Ceu~t to a Receiver, and s~ch appointment shall oe made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and withoul reference to the edequacy a inadequacy of the valve of the properry mortgaged or to the sowency or insoivency of said MORTGAGOA or I.tie defendants, and that such renrs, prolits, intome, issues and ievenves shall be applied by such Receiver atcord~ng to the ~ien u equity ol uid MORiGAGEE and tht practice of such Court. 8. To duly, p~omptty and fully perfo.m, d~scharge, execute, effect, complete, comply wirh and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promisswy note and this mortgage set forth. 9. 7hat in 1he event the owne:ship of the mortgaged premises, or any part thereof, becomes vested in a perwn othn than the MORTGAGOR, the MORTGAGEE, its wccesson and asslgns, may, withow notice to the MORTGAOR, deal with such succeuor or successo. in inte.est wirh reference to thi~ i mortgage and the debt hereby secured in, the same manner as with Morrgagor without in any way vitiating or discharging the Nlortgagors' liability Fxre~ ~ under or upon the debt hereby xcured. No sale oi the premisea hrreby mortgaged and no forbearance on the part of the MORTGAGEE w its successws or assigns and na exte~sion of the time for the payment of the debt he.eby secured given by the MORTGAGEE or its successors or auigns, a.'»II operate ~o release, d~scharge, modify ~hange w aifect the o~ig~nal liability of the MORTGAGOR hcre+n, either ~in whole or in part. 10. It is speufically agreed that t~me is of the esxnce of this contract and that no waiver of any obligation M~ereunder w of the obligation sr cur¢d hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tio~ to the iorego:ng monthly payments of princ pal and inrerest required by the p?omiuory no!e secured hereby, mortgagor tovenants and agrees to Fay to mo~tgagee with each month!y payr.:em an add~rional sum est~mated by mortgagee to be eq~al to 1;`12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed agai~st thc aboYe desai6ed reaf estate. B--Pr~miums on fire artd windsrorm insurance as here%n aeqv:red fo be carried on the improvements situate on the above destribed premises. C-Premiums on such mortgage guaranry ?r.sura~.ce as mortgagee shail ~~om time to fime deem fit to carry on the ban secured hereby. Mortgagee shail 4rom time to t~me nor~fy mortgagor ~n writing of the amount due and payable hereunder and such sum sha(I thereupon be due and t ayable on the due date of Ihe nexf month;y payment and each svccessive month therealfer ur.til mortgagee shall not~fy mortgagor of a change in s~ch a-~~ount. Such sums sha:l be applied by mortgagee ~oward the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance premiums_ i IN 141TNESS WHEREOF, the said MORTGAC,QR has hereumo set h;s har.d and seal the day and year first afwesaid. ~ ~ ned, Sealed and deli i~ the presence of: ~ ~ / / ~ ' ~ L r7 ~ ~ a0 ~ ~ _ v n . ra ao cs~aq i ^ ~ ~ J , " a9 ; / ' Mar a e Grahas t ~ - SiATE OF FIORIDA ~ ~ St. LuCie u- ~ couNn oF Gzahan ; ~ 8eiwe mt personally appea~ed elVlil B• ' s~ _ Mari jane ~'aldtlBR his wifq to me well known and known to me to be ~ rhe individuals described in and who executed the foregang instrument, and acknowledged befwe me that they executed the same for the purposes ~ rheroin expressed_ And the said Mari jane Grahan ; N~re of t~ said MelvinE. Grahaa upon s separate and private ~ examenation by me taken separate and apart from her said husband, ack~ovv{edged to end before me that she exetuted said instrumeM freel'y and voluo- ; r~~;;y and without any compulsion, constraint, apprehension, w fea? of or fr r said husband. ` WITNE55 my hand.and official seai this lsth of `ju~ A, p 19 ?3 a i ' 3 Notary Public in a for fhe tate of ~v' i M Commiu'an ex ires: ;~'rr~ ~ Return To: y P - ~t ~ ~ ~ ~ : ,.r . b. Fir:t Federal Savings d. Loan Association . ~ " Of Fort Pe,ce. h:'?~Y ~;;^if~.$T~.TE c! fLORS~Irjtl.ARG~,- `r- ~ Fo~t Pierce. F!orida ~ 5~~~~ • t - c i% i S ; k;~ ~I ' 1 Q 1 = _ t , a~r! ir,~MIP~iY.~.4ii Y : ~ , . ~ ; . . J • F; - ; Q _ . ' -~'1 ~ ~ ' ~ Th;s Instrument Prepared By ~'a?zy F . Bllwood , , ~l , ~ First Federal Savings 8~ Loan Association ; :;~~,_h~ED - of Fort Pierce ~ FloZida flL:~ s ST.LIlC:E COUMqRSLA. t Y RVJE~ COURt~~ O ~ -~L~ Checked 8y - ~ - K ~ ~ , y - ; _.F,^~~.,... 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