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Home My WebLink About2204 9. To place a~d continuously keep on the buitd~ngs now a he~eafter fit~~te on s~~d land and on all equipment and pe~sw+slly covered by this mwt9- p~, w~th all premiums thereo~ pa~d in full, fire in~urance in the usv~l stsndard po:ity form, in • sum approved by ths MOR~GAGfE, and w~ndatorm ~n~ur~nce in ~M usu~l ~~andud pol~ty fwm, in • s~m ~pprovcd by ~he MORTGAGEE, in ~uch comp~ny a compan~es as rM MORTGAGEE may direct; and all iire and w~nditorm insu~ance polic~e~ on any of said b~rild~nps. any inte~e~t theroin w p+rt thereof, in the +ggre9a~e sum afaesaid w in excess ~hereof, shall contain the usual standa~d mortgape~ clavs~ a such o~Mr clause ~i ~M Mo~tgagee may requ~r~, m~kiny tha lo~s undr~ sa~d polF c~es, each and every, payable to said MORTGAGEE +s its intueit may appear, ~nd each and e.ery such policy shall be promptly ass.g~ed and de~iverrd ~o any Aetd by said MORTGAGEE at furtAe~ secuiity to said matgage dcbt, and, nW !tu tMn ten (10) days i~ advance of the expiration of esch poticy, to da live~ to iaid MORTGAGEE • re~ewal thereof, fogetM? with a reteipl fw the premium of iuch renewal; and Ihere thall be no (~re or windsto~m insurancs plsced on +ny of taid buildings, any interest therein or parl thereof, unless in tM form and with tM lou paYable as aloressid; and in the eve~t any sum of money becomei payable under such policy or pol~cies said MORTGAGEE shatl haw tht opt~ to receive and apply the same on accoun~ of the indebted- ne~s secwed hereby w ro permit said MORTGAGORS to receive and uw it p any pa?t thereof for o~her purposes, v.~~ho„t ~hsr~b~ wa~v~~~~ or ~mpdu- iny any equity, lien w right ~nder w by virtw of this moreg~ge; and in tha event wid MORTGAGORS shall (o~ ~~y reason tail to keep the said prernises so iniured, a fail to deliver promptly ~ny of said po~icies of inaur~nc~ to iaid MORiGAGEE, a faif promptly to pay fully any premium therelw or in a~y respect fail to perfwm, discMrgt, e:etute, effett, tomptete, tomply with and abids by this tove~ant, or any part hercof, sa~d MORTGAGEE may puce a~~d pay fw such iruurancs w a~y pa?t thereof without waiving w affectirp ~ny option, lien, equ~ty, or r~ght unda or by virtue of th~s Mo+~gayt, and the _ full amounl of each a~d every such payment shall be immediately dve and payabk ~nd shall bear interea~ from the date the~eof un~il paid at the raie ol nine pa cen?um per annum and to~cther wi:h such imeresr shall tx secured by the li~n of Ihii motrga9e. 1. To permit, canmit o? suffar no wasre, impairment a deterioratio~ of said property a+ny parl lhereof. ` 5. To pay all and tingulu the coats, cher9es ~nd ~xp~nias, includir+g •~e~son+ble a~taney's fee and costs of abstracts of title, incurred or paid a~ any tima by wid MORTGAG:E, beteuae or in the evenl of the failure or~ tha part of tMa said MORTGAGOR to duly, promptly and fuily perform, d~schargs. execute, efiect, complete, comp~y with ar~d ab~de by each and every ~F+e stipulatwns, ~greemcnts, conditions, and covenanq of said promiswry note and ~hii mortgage any w either, ~nd wid cosh, chsrgea and e:penses, each ~nd every, th~ll be immadiately due and p~yable; whether w not there be nof~ce d~ mand, attemp~ to colko w tuit pending; and the full amount of exh and every wch paymeM shall bear interest from the date ~hereof until paid at the rare of n~ne per centum per annum; and all said costs, charges and expensa incvrred w paid, together w~th such imeresl, shall be secured by the lien of thw mwtps9e. 6. That ;a) in the even! of any bresch of this Mortgaye or def~ult on the part of the MORTGAGOR, w(b) in the event any of sald sums of money herein refe~red to be not promptly and futly paid within thirty (30) days neat after the same sevenlly bctome due a~d payable, without demand or notice, or in the event each and every the stipulations, sgreements, cond~tions and tove~ants of sa~d promissory note and th~s mortgage any or ei~her are no1 ~uly, promptly snd fully perfwmed, d~scharged, executed, effected, completed, compl~ed with and abided by, then in e~ther or any such event the said ag gregate sum mentioned in said promissory note then remainirg unpaid, with interest accr;ied, and all money secured hereby, shall become due and pay- able forthwith, w thereafte~, at the option of said MORTGAGEE, as fully and completely as i( all of the sa~d sums of money were or~g~na~ly st~pulated to bc pa~d on such day, any~hing in ss~d promiuwy note w in th+a Mortgage to ~he contrary notwithstanding; and thereupon w thereafter at the opt~on of said MORTGAGEE, without notice w demand, s~it at law a in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured i~ereby had matured pr~or to its institution_ 7. That in tF~e evrnt Ihat at the beginning of or ~t sny time pendir+g any suit upon this Mo?tgage, a to fweslose it, or to refam it, or to enforca payment oF any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof fa the appointment of a Receiver, such Caurf shall Forthwith appoint a receiver of said mwtgaged propetfy atl and singula?, intlud~ng all and singulsr the inmme, proiits, issves and revenues from whatever source derived, eath and every of which, it being eapressly underslood, is hereby martgaged as if specifically set fwth and deicribed in the grsnting a~d habendum clauses hereof, end such Receiver shall have all the broad and efiective funct~ons and powen in anywise ent~usted by s Cou~t to a Receiver, and auch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, and withou~ reference to the adequaty or inadequaty of the vatue of the property morlgaged or to ths wlvency w insolvency of said MORTGAGOR or the defendants, and tF~at s~ch rems, profits, incortu, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Cou?t. 8. To duly, p~omptly snd fully perform, discharge, execute, effect, complete, comply w:th and a6ide by each and every the stipulations, agreements, cenditans and covenams in sa~d promissory note and this mwtgage set forth. 9. Th~t in the evem the ownership of the mortgaged premixs, o~ any part tFureof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its aucceuors and assigns, may, without notice to fhe MORTGAOR, deal with sucfi successor o~ successor in interest wifh re(erence to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or d~scharg~ng the Mortgagors' liability herr under or upw+ the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the MORiGP.GEE or its successors or assg~s and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or iri successors w assigns, stiall operate io release, d~xharge, modify change or affect the orginal liab~lity of the MORTGAGOR Fx~ein, either in whole or io part. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of sny obtigation hereunder or of the obligation sr cvtad hereby shall at any time thereafter be held to be a waiver of the terms hereof or of tlm instrument setured herby. 11. In add~iion to the fore~o:ng monthly psy~n-nts of princ pal and interes~ required by the promissory nore secured hereby, mortgagor covenants and agrees to ~ay to mortgagee n.ith each monthly payment an add~~ional sum est~mated by mortgagee to be equal to 1;'12 of the annual cost of the {ollow- inq: A-All real property taxes lev~ed or assessed against the above described real esiate. B--Premiums on fire and windstorm insurance as herein requ~red to be carried o~ the improvements situate on the• above described premises. C-Premiums on such mortgage 9uaranty insurar,ce as mort~agee shall (rom time to time deem fit to carry on the Ican secured hereby. ~ Mwtgagee shall from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and j F.ayable on the due date of the next monthly payment and each successive momh thereafter ur,~il morlga shall not;fy mortgagor of a change in such ~ artiount. Such sums shall be applied by mortgagee toward the payment of real p!operty taxes, insuranc prem.ums, and mwtga aranty ins~rance ~ premiums. ~ IN Y~ITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a ar first aforesaid_ ~ - al e'vered ' the prexnce ofe - s~•n R (Sesl) ~ ~ ~ K ~j ($Cal) ~ a~ (Seal) ~ SiATE Of fiQAiD/~ Massachusetts ~ S5. COUNTY OF I~A A1S I/~}(;LL' Befwe me perwnally appeared Reyna2do $dl~I1aS a~ Christine {A~. Salinas his wife, to me well known snd known to me to be - rhe iodividuals desuibed in and who executed the fwegoing instrument, and acknowledged befwe me that they executed the sarrK Eor the purposes rhe~e~n e:pressed. nnd the ia~~+ Christine W. Sal~nas ~ w~fe of the said Reynaldo ~il=IdS upon a seps~ate and private examination by me taken xparate and apart from her said husband, acknowledged to and befwe me that she executed said instrument freely and volurt- ~ ranly and w~rhout any compulsion, constraim, apprehens~on, br fear of a from her said hu band. ~ ' WITNESS my hand and official seal this w//NC7tEi4 7f/ day of A. D. 19~~ - - ~r.,~ ' ~Y'~ .?i _ ~ ~~i. ' .:iT otary Public in and iw the State of M~l r~p 1': ,„g . ~41y Commiuion e:pira• f,~'C ; ; Return To: `l /~ls~/l !y 1~. J . . ' C. ' ~'s . ~ • _ K; Ferst Federal Ssvings 3 loan Association ~ ' \ ~ , Of Fort P~erce. ~ _ _ ~ ~ . = Ln.~ V"g..e Fln.:.la ~!t _ • 's,~' ~ ~ • ~ ~ ~ . . - - FIlEO ANO RECQft0E0 - ; ~ ; ~ _ 5T I . F. i, ST.IUC~E COUN~Y FIA. ~~••;~,~~F~,•c,. - ry ROGtR P01TfiA5 s-= CLERK C~..GUIT COURT ~ ~ This Instrument Prepared By J~ H. Roberts~ Jr. RECOR~ Y~R fiEt~~ ~~'••.,,t~ 't 7 First Federal Savings E~ Loan Ass~iation ~ of Fort Pierce, Rlorida ~ 1~ 3Z AM ~~3 ~ Checked By ~ ~ _ 25'~624 ~ ~ E~e~2~5 PA~E2~~ ~ ~5 ~ _ , - - -r~, - ~ `~z, a~'-__,~. . ' _