The URL can be used to link to this page

Home My WebLink About1449 3. To place and con~inuously keep on the bui!dmgs now o~ hereaftea ~ituate on said tand and on all equipment and perso~a~~y covered by this ma1¢ sgs, with all prem~umi ~ne~con pa~d in full, fire insurance in the uiual s~anderd policy (~rm, in a sum app~oved by the MOR~GAGEE, and windstorm insurante in ths uiual itandard po;icy tam, in a sum approved by the MORTGAGEE, in such tompany or companief as the MORTGAGEE may dir~ct; u+J aU fire ar~d w~ndsto~m ;nsurance policie~ on any of said buiid~rgt, a~y imerest therein or part thoreoi, in ~he aggrrga~e wm aforesaid a excess Ihereof, shall contain the u~ual atandard mor~gagae clause or such other clause +s ths Mor~gagee may requ~re, making the ios: under ~a~d polr cies, each and every, payabis ~o sa~d MORTGAGfE at ~ts interesf may appear, ar.d esch and every such po6cy shall be pranp~ty ais gned and detivarrd ro any held by said MORTGAGEE as further security to wid mortflage deb~, and, no1 leu than 1en (10) days in advance of the expirat~o~ of cach po:icy, to da ~~ver ~o said MORTGAGEE a renewat thereof, ?oge~her with a receipt for the premium of svch renewal; and the~e shall be no f~re o~ windstor~r insuro~ce p~aced on aay of sa;d build~ngs, any interest there~n or part thmeof, unlesa in ~he form and w~th ths los~ payable as afwesaid; and in the event any iun+ of money becpme3 payable under such policy or pol:cies said MORTGAGEE ahall have ~F~e op~~on to receive and appty tM sa~ne on accounl of the indabsed- ness ~ecured hereby o~ ro permit said MORTGAGORS ro reteive ar+d use it w any part tl~ereol tor oti~cr puryosrs, w~inuut Ih-no~ waiw~~~g o~ u~~pair• ~ ing any eqviry, liea? a righl under or by virtue of this mo:'gage; and in the eve.~t said MORTGAGQRS shall for any reason fail to keep Ihe said premises so inaured, w fail to deliver premptly any of seid poiicies of insura~ce to sa;d MQRTGAGEE, or fe;! promptly !o pay fully any prem~um therefw w in a~y respea lail ~n perto~m, discha~ge, execute, eifeU, complete, comply with and abi~e by this covenam, w a~y part hrreoi, sa~d MdRTGAGEE may place a~~o pay for such insurance o~ any parf the~eo( without waiving or affecting any optio~, lien, equ~ty, or right under pr by virt~e of this Morfgage, and tF~ i~ll amount of each and every such payment shall be immediately due and payab~e and shall bear interesl from the date rhoreof until pa~d a1 the ~ate o1 nine per centum per annum and toge~her with such inte~est shali be secured by the lien of this mortgage. 1. To permil, tommit w su4fer no waste, impairrtx~t w deterioralion of said property or any parl thereof. 5. To pay all and aingular the coats, charges and expen:es, including a reasonabte attorney's (ee arx! cosrs of abstracts of title, incurred or paid at nny time by said MORIGAG:F, because w in the event of ~he failure on the part of the said MORiGAGOR to duly, promptly and fully periorm, d~uha~ge. ; execute, efiecf, comptete, comply w~th and ab;de by each and every the stipulanons, egreementa, conditiona, a~d covenants of said promissory note and thi• mortgage any w e~~her, and sa~d cosrs, char~s and expensea, each artd eve?y, shell be immediately due and payable; whr.ther or not fhere be not~ce do- mand, anempt to collect or auit pend~ng; and the full amount of each and e~ery such paymcnt shall bea~ imerest from the da?e thereof until p~id at the ~~~e of nioe per cent~m per annum; and all said costs, cha~ges and expenses incwred or paid, together w~th such interest, shall be setured by the Geo 01 thia mortgage. _ ~ 6. Tha~ (a) in the event of any breach of this Mortgage or defaul~ on the part of the MORTGAGUR, or (b) ie tfie event any of aa.d sums of rraney i herein refened to be no~ promptly and futly paid wiihin thirty (30) days next after the same severa!ty become due and payable, w;thout demand o? notice, ~ or (c) in the event each and eve~y the sfipu:a~ions, agreements, conditions and covenants of sa~d promissory nofe and th~s mortgage any w eilhrr are nol ~uly, promptly and fufly perfamed, d~scharged, ezecuted, eifeaed, completed, co,npf~ed with and ab~ded Sy, then in e~ther w a~~y such event the sa~d sg• ~regate sum mentioned in sa~d promissory note then remaining unpaid, with interest accrued, and all mor.eys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said h10RTGAGEE, as fully and completely as if all of the said sums of money were o+~ginally s1~pu:sted co be paid on such day, anything in sa;d prom~ssory note or in this Mutgage to the contra?y notwirhseand~ng; and rhereupon a~hereafier at ~he opt~o~ of ~a;d MORTGAGEE, withovt notice or dPmand, suit a~ Itw or in equity, there(ore w tl.ereafter begun, may be prosecuted aa if all moneys secured hereby had matur~ pr~pr to its inttitutiOn. - 7. That in Ihe event that at the beginn7ng of or at any time pending any suit upon this Mortgage, w to fweclose it, or to reform it, or to enfores payment of any daims hereu»de~, said MORTGAGEE shatl apply to the Court having jurisdiction thereof for the a~omtment of a Receiver, such Cou~t shall fcrfhwith appoint a receiver ol said mortgaged property all and singular, includ~ng all and singvlar ~he irtcome, profits, issues and revenues lrom whatever :ource derived, each and every of wh~ch, i~ be~ng expressly underseood, is hereby morrgaged as if speufrcalty sEt forth a~ destr~bed in the gra~ti~g and habendum clauses hereof, and such Receiver sha11 have all the broad and effeu~ve funct~ons and powers in anyw~se entruste~by a Court to a.Receiver, and s:.ch appointmenf shall be made by such Court as an admitted equity and a mat~er of abso~ute riqh~ to wid MORTGAGEE, and without ?eference to the adequacy w inadequacy of the value of the p~operty morfgaged o~ to the so,vency or ~nso!vency of said MORTGAGOR o~ the defendants, and that such renis, p~ofits, i~twne, issues and reven~es shall be applied by such Receiver accord~ng to the lien or equity of said MORiGAGEE and thr practice of such Court. 8. To ~lvly, promptly and (u!!y p~rform, discbarge, execute, effect, comp(ete, comply w~th and abide by each and every ihe slipulations, agreements, ; conditions and covenants in sa~d promisnory note aixl this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part lhereof, betomes vested in a perwn ofher than the MORiGAGpR, the MORTGAGEE, its svccessors and assiqns, may, witho~t not'rce fo the MpRTGAOR, deal with such succeuw or s~ccessor in interest wifh reference to this mortgage and the debt hereby securcd in the same manner as with Mortgagor without in any way vitiateng or d~schargir.g the Mortgagori (iability herr under or upon the debt hereby sec~red. No saie of tF~e ~remisas hereby morlgaged and na forbeara~ce on the pait oF the MORTGAGEE w its successo?s or assigns end no extens~on of the time fc: the payment of the debt hereby secured given by the MORTGAGEE or its successws or asxigns, ahall operate ro release, discharge, mod~fy cMnge or afiect the original liab~iity of the MORTGAGOR herein, either in whole or in part. 10. It. is specifically ag.eed that time is of the essence of this contract and that no waiver of any obtiyation hereunder oi of the obligation st c~~red hereby shall at any time thereafter be hetd to be a waiver of the terms hereof w of the instrument secvred herby. 11. In add;tion to the forego ~.g month!y Fayments of princ'pal artd interest required by the prom:sscry r.ore secured hereby, mortgagor covenants ~ ar.d agrees to pay to mo:tgagee w~th each month{y pay~:~ent an add~a~orial sum estimated by mottgagee to be eq~at to t;'i2 oi the a~nual cost of the loNow- in~: A-A!1 seaf pro~rty faxrs )evied or assessed aga~nst thc above described rea! estate. B-Premiums on f~~e and windstorm ~nsurar,ce as here~n requ~red to be carried o~ the improveme:+ts eituate on the above described premises. C-Premi~ms o~ such mortgage guararty :r.surar,ce as mortgagee sha~l from rme to time daem fit to carry on the foan secured hereby. Mortgaqee shail from time to t~me norify mortgagor in wri~~ng of fhe ampunf due and payable hereundrr and such sum shall thrreupon be d~e and ~ :.jvable o~ fhe due date of the next month;y payment and each successive month thereafter ur:til mortgagee shall ~ot~fy ~~rtgagor of a change i~ such a•-~oun!. Such sums sF.a:l be app!ied by morigagre toward the payme~t of rea~ property taxes, insurance prem:ums, a~~d mortgage guaranty insurance premiumt. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set h~s hand and seal the day and year first afwesaid. igned, Seated and delivered in 1he presence oic ~ " Roland Vail ~~`6-x,! rtea4 ~ ~ /~J fSeal) !_Li d. ~ _ _ R t ~ Va ' llant ~~a~~ ( SfiAG ) 57ATE OF FIORIDA ~ ~ ~ ~ COUNTY Of St • L11C1@ # ~ ~ ' Roland Vaillant and Ruth Vaill~ biS w Q (SF.~?L) , Before me penonally appeared - a~ Charles A• MCC•OZtS and Jaeolyn ~OYtS his wiie, to me wel( k~Kiwn.and tti~ov~n:to me to be the i:~dividuals desuibed in and who executed the faegoing instrument, and acknowledged before me that they exec~,~lil: 9pp~~ Jor; #~hq= purposes fhereirl expressed. Md E?,~ :a~d Vai lant wife of the said Roland Vaill ~ and JacQlvn McCorts wife of t6e said Charles A.; ; s,~,~,;~ ~;Y„e examination by me taken separate and apa+t from her said husband, acknowledged to and befwe me that she exeMed said ~nat{um tiSe~ ~~nd volurr ranty and w~thout any compotsion, censtraint, apprehens~o , or fear of or from her said husband. , J'~ ~ L~SL' ~ . : --s . ~3 WITMESS my hand and official seal thi~ da y of ~ / j a q . . • ~ " l . ' Notary Public in a~d for i!1?~~fe o F~ri a~t~Yq~ My Commission expires; ' ~ ~ y . Returo Ta i j, ~ '....^i^, First Federa! Savings S loan Associat~on ~~~~~~~.}'('(~RIOA st LARGE Of Fcrt P:erce. MY (~aAfAISSlON EXPIRES ~EPT. 25, 1915 Fort Pier~e, Florida , ~ ~p B,;~Hers ?as?:ranca ,.o- This Instrument Prepared By JOhn W.Collins ftlE? F:E~:t~~:~EO ~..h7Y fLA. ~ First Federal Savings & Loan Assoc+ation S~~" of Fort Pierce , Flo ri.da j~-,,'~_ ;;CURT or , . ~8 Checked 8~..~a ~ r U k {C~ JUN 1~ 9 36 ~h'73 S~~! ~1tJ i`AC~ 2rs ( ~188 ' ~ ~ ~ R ~ ~ . ~ = - , ~