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Home My WebLink About1640 3. To place rnd coroinuouely keep on ~hs bu:!dfngs now or herestter ~itwte on said ~snd and on all equ~p~rant and personally tovered by Ihis mo+~g- ~ge, with all prem7um~ therea? pa~d in 1~f1, i~re ins~rance in the usual srandard pollcy form, in a s~m approved by the MORiGAGEE, and w~~d~~orm insw~ncs in ~M vsual iundard pol~cy fam, in • sum approved by ~he MORTGAGEE, in tuch con+pa~y co~~panie~ as ~he MORTGAGEE may diractJ and all fire and winditorm insurance poliuei on ~ny of sa~d build~nys. iny i~tere~t ~herein or part thereol, in tM aqgrey~te ~~m a}aesa~d w In ~aceu thereof, shatl contain tM usual ~tandard mw~ga9ea clause w such other cl~u~ +i tF» Matp~gee may requu~, makiny the Ioa~ unde. sa~d po1F cisf, e~th snd ev~ry, payable to said MORIGAGEE +s its interes~ may appea~. +nd e~ch and every such policy ~hsll bs prompuy ais gned and da6vered ~o ~ny hsld by said MORTGAGEE +i (urther security to said mor!Qage debl, and, not leu ~han ten (10) daya in advance of ~he expir~tion of esch policy, to d~- IivK to said MORiGAGEE a renewal the~eof, toge~he~ with • ~ece~pt iw the prsm~um of iuch ronewal; and there shall bs no f~rs or winds~o~m insurance placed on ~ny of taid buildirps, eny interest therain q part thereof, unleas in Ihe (wm ~nd wi~h th~ loss payable ~s afore~aid; ~nd in the lvtnl any ~um oi mw?ty becomes payable ur~er tuch pol~ty or policiet said MORiGAGEE shall havs the option to receive and apply the sa+ne a+ accovm o( the indabted- nest sec~red hereby w ro permit said MORTGAGORS to ~eteive and us~ it or ~ny part thereoi for other purposes, wi~ho~t thsr~o~ wai~in9 or ~mpan- ir~g any equ~ty, lien o~ rght under w by vi~tus of this mo:!gage; ~nd in the evcro ~a~d MORTGAGORS shafl fa any ~eason fail to keep ~he said premisrs so insured, or fsil fo del~var promp~ly any of said polrcies of inaurance to said MORTGAGEE, d fail promptly to pay fvlly any pre~n~um theretw w in a~Y rsspett fail b perfwm, discharge, execute, effect, complete, comply with and ab~de by this covenant, a any p~rt ha~eof, seid MORTGAGEE may place •~~d paY fa such insura~ce w any part thereof without wsiving a affectinp any optio~. lien, equity. or right under a by virtw of this Mortgape. and tht tull amount of each and every such paymenl shall be immediately dw and payabls a~d shall bear interest from the date thcreol until paid at ths rale of nine pe~ centum pe~ annum and to~ether with such inee~est shat{ be setured by ths lien of this mortgage. To ptrmit, commit w suffer no was?e, impa~rment w dete~ioration oi said property a any part thereof. 5. To_pay all and singular the co:ts, charges ar.d expenses, including a reasonable attwney i(er and cosis of abstracts of title, incurred or paid a1 any time by said MORTGAGfE, becavse a in the event of the failure on the part of ths ssid MORTGAGOR to duly, promptlY snd fu11y perfwm, d~schsrge, exaute, effect, complete, comp~y w~th and abide by each and every the s!~pvla~~o~s, agreements, conditions, and covenana of said promiuory no~e artd this mwtgaye any w eieFxr, and said cosrs, charges and expenses, each and eve?y, sMll be immediatety due and payable; whe~her a not there be no+~ce d~ mand, attempt to collecl a suit pending; a~d the full amount of each and every such payment shall bear interest from the date thereof un~il p+id +t the rate oi nine per centum per annurn; anc.' all said costs, charges and expenses i~turred a paid, together w~th such interest, shall be setured by the lien of this mortgaga 6. Thst (a) in tlx event of any bresch ef this Mortgage or default on the part of'the MORTGAGOR, or (b) in the evcnt any of satd suma of money herein referred to be not promptly and fully psid within th~rty (30) days neat aiter IF+e same severatly become due and payable, without demand or notice. or (c) in the eve~t each and evrry the stipulations, agrrements, cond~tiw~s and covenan» ot sa~d promiawry note and th~s mortgage aoy w either are not ~uly, promptly and fulty perfwmed, d+xharged, executed, eifected, completed, complied w~th and abided Sy, the~ in e~~her or any such event the ia~d a¢ gregate sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and alt moneys setured hereby, shatl becane due and pay abte fathwitA, w thereafter, at ?he oprlon oi said MORiGAGEf, as tully and complete:y as il all of the said sums of money were org~~atly s~~pu~ared to be paid on stxh day, anything in sa~d promissory note or in this Mortgage to the contrary notwithstanding; and thereupon w thcreafter at the option of sa~d MORTGAGEE, without notice or demand, suit at law w in equity, therefore w thereaiter begun, may be prosecuted as i4 sll moneys secured hereby had matured pr~ot to its ins~itution. . 7. 7hat in the event that a? the beginn~ng of or at any fime pending any suit upon thia Mo+tgage, or to faeclose it, w to reform it, or fo enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the Gou~~ havi~g jurisd~dion thereo! fa tFie appo~~tment of s Receiver, svcti Court shall forrhwith appoint a receiver of said matgaged property alI and singular, includmg all and s~ngular ~he ir.come, prof~ts, issues and revenues from whatever source de?ived, each and every of wh~ch, it being expreasly unders~ood; is hereby mortgaged as if specificalty set iqth •nd dexribed in the granting and habendum clauus hereof, and such Receive~ shall have all the b.oad and cffeu~ve funct~o~s and powers in anywise entrusted by a Court to s Recei.er, and s~ch appointment shall be made by such Court a~ sn admitted equity a~d s matter o( absolute right to ssid MORTGAGEE, and withoui relerence to the adequacy w inadequaty of the vaiue of the property mor~gaged o~ to the wivency or insolvency ol said MORTGAGOR a fhe deiendann, and that such renrs, profits, income, issues and revenues shall be appiied by such Receiver accord~ng to the tien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenaros in sa~d promisswy note and this rtewtgage set fath. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succesaors and ass~gns, may, witha~t no~ice to the MORTGAOR, deat with such successor or successor in interesl with reftrence to this mortgage and the debt hereby secured in the same manner as with Mortgago+ w~thout in any way vitiating w d~scharging the Mw.tgag~~i liability herr under a upon the debt hereby secured. No sale of the Fremises hereby mortgaged end no forbearance on the part of the MOR7GAGEE w its successors or assigns and no eate~sion of the time fa the paymenl of the debt hereby secured given by the MORTGAGEE a its successws or au~gns, s1w11 operate !o release, discharge, modify change w afiect the o~iginal liab~lity of the MORTGAGOQ herein, either in whole a in parf. 10. It is spedfically agreed thal time is of the essence of this con'ract and that no wsiver of aoy ob~igation hereunde? « of the obligation sr cured F?ereby shall at any time thereafter be held to be a~vaiver of the terms hereof or of the in~trument secured he+by. 11. In add~tia~ to the fwego:ng monthty payments of pri~c'pal and interest required by tl~e prom~uory note secured hereby, rmrtgagor covenants and agrees to pay to mortgaaee v~nh eacn mon~hly payrnent an add~rional sum estimated by mortgagee ro be equal to 1 j~12 oi the annual cost of the follow- ~n3: ' A-All real property taxrs levied or assessed agai~st thc abave describcd real estate_ ' ! ~ B-Premiums on fire and windstorm ins~rartce as here~n requ~red to be carried o~ the improvemenri s~tuate on the above described premises. ~ ~ C-Premiums on such mwtgage guaranty insurar,ce as mortgagee shall from tune to time deem fit to carry on the ban secured hereby. ~ Mortgagee shall from time to time notify mortgagor io writ~ng of the amount due and payable hereu~der and such sum shall ihereupon be due and f Fayable on the due date of the next month:y payme~t and each success~ve month thereafter urtil mortgagee shall notify mortgagor of a change in such ~ ~ ar,ount. Such sums sha:i be app!ied by mortgagee toward the payment of real property taxes, insurance prem;ums, a~xJ mortgage guaranty insurance } ^ , premiums. e ~ IN WITNESS VYHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid_ gned, Sealed and delive in the presence of: ~ ~ ~ •n ~ . ~~o ~ cs~an n-so STATE OF FtORIDA ~ COUNTY OF Sti• I~1C~ ~ Before me personally appeared JOSA~'1 R• Z8IlI1~ and ~8T1~1 his wife, to me well known and known to me to be the individuals described in and who executed the foregang insirument, and acknowledged befwe me that they executed the same for the purposes therein exp?essed. And fhe saiJ 2'8~1I1i _ ~ ,Nfie of the said JOBA~1 R• ZSTIII~ upon a uparate and priwt~ ~ examinstion by me takzn sepa~ate and apart from her said husband, ~cknowledged to and befwe me that sfie exetvted uid instrument lreqly.,and •voluc? rarily and w~thout any compulsion, constraint, apprehe " n a~ of br from her said husband. ~ .1W16 ;!4:`lkfi/~jJn,~ ~ WITNESS my hand and official seal thi: day of qt Y~ ~ Q . fIlEO ANO AECORO ; " $T• LUri~E (r'DUpjY ~ Notary Public in and for the State of~IQrid~ at ' ROCfR POITRAi-~ My Commission expires: tQ` n ~ Retum To: CI~RK CI~CU{T (r'OURT = ' .j ~ c RECORD VEf.titEO ~ - - .r. `j;~ • = First Federal Savings ~ loan Association ~...~,.~r. "i!" . ~ ~v ~t RG~ V _ ~ Of fort P,e:ce. I " _ 'i 3y .#$17 ~ ~ Fort Pierce, florida ~ ~O 3 i9 PM . , ~_.....t3 •:,Su~aGc - . ~ ' ,x, C' ~ ~ ~ - ~ ~ ~l - - ,~J~ 257x+~+~ ~ _ 7 - 7~ ~ - . . ~ . ~ This Instrument Prepared By ~q. E. BTaLI=! First Federal Savings & Loan Association ~ ort Pierce , Florida . ~ ~ Checked B ~ ~ ~ ~D01c~~~ ~f4Cf~~ ~ ~ ~ ~ - r ~ - - ~ = . ~ . _ . _ ..~.~e;~u~<~~~