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Home My WebLink About2329 To place and com~nuo~sly keep on ~he bv~".d~ngs now or herealte~ ~ituste on »id Ia~d snd on ali equ~p~nrM ~nd pe?so~a~~y tovertd by Ihis matg- ege, with all p~emiums thrreo~ pa:d in fuli, fire insurance ~n the usuat stsndard po~~cy form, in • tum ap~uoved by the MOR~GAGEE, and windstorm insursnc~ in ths ui~al ~tandard pol,cy (o~m, in a ~um approved by the MORTGAGEE, tuch canpany a comp~n7es si the MORiGAGEE may d]recr; and ali (i~e and w~ndsrorm insurance potide: on anY o( said buildmgs, any i~terest the~e~~ w pa~~ ~hereof, :n th~ aggregate sum ataesa~d or ~n exte~s Ihereo(, shall cw+lain the usual s~andard mat9agee tlause or such other tlauss as 1he Moatyagce may requ~r~, makiny the loss undrr ta~d pol~ cies, each and every, payable ~o sa~d MORTGAGEE as ~ts iroerest may appea~, and cach and every suth poi~cy shatl be prompily ass gned and de~ivered to any held by ssid MORiGAGEE as (vr~her seturity lo uid mortgage deb1, and, no1 leu than ten (101 days in advance of the expiration of each polity, to de- Ilver to seid MORTGAGEE a ronewal ~hercot, togerher with a rete~pt for ~he premivm ot such renewal; and ~hrro shall be no fi~e o~ windstu~m insuronce placed on •ny of said build~n9s, any interest there~n a p+~~ thereot. unle~s in ~he fo~m and wi~h the ~ou payable aa aforeuid; and in tlu event any sum of monsy bccomes payable under ~uch policy w po~~cies said MORTGAGEE ihall have ~ho op?~o~? to receive and apply ihe same on accoun~ o( the indabted~ r.ess securrd hereby a ro permit ssid MORTGAGORS to reteive and use it p any part thereof lo~ omer Hurposes. w~~hcut ~h~.~u~ wa~~~•~g ~r ~mpuu- ing any equ~ty, Iien or right under or by virtue of this mo:tgage; and in the event sa;d MORTGAGORS shall fo~ any reason fai) to keep ?he said premisrs so insured, w fail to de~iver promptly any of said policies of insurance to sa~d MORTGAGEE, w fail promptly to pay fulty any pre~nium therefor or in a~y reiF+ect fail fo pertwm, discharge, execute, effetl, complete, comply with and sbide by lhti cove~ant, or any part hr~eoi, said MGRTvAGEE may piace and pay for suth insurance or any part thereof without waiving or affecling any Option. lien. equity, or ngh~ under or by vir?ue of this Mortgage, •nd the 1~I1 amovnt of each and every such payment shall be immediately due and payable and shall bear interest from the daTe thereof uniil paid at the rate ol n~ne per centum pe~ annum and Io~ethe? with such interest shall be src~red by Ihe lien of this mwtgage. 1, To permit, commit or sutfe~ no waste, impairment o~ de~erioration of said property or any part thereof. S. io pay all and singvla~ the costs, charges a~d expenses, inc~ud~ng a reasonable attorney's tee and costs of abstrads of titlr, incurred or pafd a~ any time by said MORIGAGfE, because or in the event of the faiture on the part of the said MORTGAGOR to duly, promptly and fully perform, d~scharge. execute, e(fect, complete, comply w~th and ab:de by each and every the stipulanons, agreements, conditions, and covenants of said prom~sso?y note and ~his mortgage any or e~ther, and said costs, charges and expenses, each and every, shall be immedialely due and payabte; whether or not there be no+ice dr mand, attempt to collect or suit pend~ng; and the full smount of each and eve~y such psyment shall bear interest from the date thereol until paid at the r; te uf nine per cent~m per annu:n; and aIl uid tosts, charges and expenses incurred ot paid, together w~th suth interest, shall be tecured by tht lien of this mortgage. 6. That (a) in the event of any breach of lhis Mwtgage or default on the part of the MORTGAGOR, or (b) in ~he event sny of saFd sums of money herein referred to be not prompNy snd fully paid wiihin th~rty (30) days next after the same severally becane d~e and payable, wi~houf demand or notice, or (c) in the event each and every the stipulations, agreemenls, condi:ions and covenants of sa~d promissory note and th~s mortgage any w ei~her are not iuly, promptly and fully performed, d:scha~ged, exetufed, effected, completed, complied wilh and ab+ded Sy, then in e~ther o~ any such event the sa~d ag gregate sum mentioned in said promissory note the~ remaining unpaid, v`ith interest accrued, snd att moneys secured hereby, shall become due and pay- ab:e forlhv~ith, or thereafter, at the option of said MORiGAGEE, as fvlly and completely as if all of the said sums of money were onginally st~pulated re be paid on such day, anything in sa;d p~omissay note a in this Mortgage to the cw+trary notwithstand~ng; and thereupon or thereafter at the op~ion of sa~d MORTGAGEE, wiiMut notice w demand, suit at law w in equity, therefore o~ thereafte~ begun, may be prosecuted as if all moneys secured hereby n~d matured pnor to its institution. 7. That in the event that at the beginn~rg of w at any time pending any suit upon this Mo+tgage, w to faeclose it, o~ to refo~m it, or to enforce c~yment of any clnims hereunder, said MORTGAGEE shall apply to the Court having ju~isd~ction thereof fw the appointmeN of a Receiver, such Court shall forthwith appoint s receiver of said mortgaged properiy all and sing~lsr, includ~ng all and singufa~ the income, prof~ts, issues and revenues from wfiatever source derived, each and every of wh~ch, it being expressty urxlers~ood, is hereby mortgaged as if spec~fically set fwth and destribed in the granting and habendum clauses hereof, and sucfi Receiver shall have all the broad and effecrive funct~ons and powers in anyw~se entrusted by s Court to a Receiver, and s,.ch appointment shall be made by such Court as an admitfed eq~ity and a matter of absotute right to said MORTGAGEE, and without reference to the a~equacy o? inadequacy of the value of the property mwtgaged or to !he sowency o? ~nso~vency ot said MORTGAGOR or the defendants, and that such re~+s, profifs, inca~ne, issues and revenue: shall be apptied by such Receiver accwding to the lien or equity of sa~d MORTGAGEE and the prectice of such Court. 8. To duly, promptly and fully perform, d~scharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, conditions and covenants :n sa~d promissory note and this mortgage set forth. 9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h'ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deat with such successor w s~ccessw in interest with reterence to this n:o~rgage and the debt hereby secured in the same manner as with Mo•tgagor without in any way vitiating or discharging the Mortgagori liability herr under or upon the debt hereby secured. No sate of the premises hereby mortgaged and no iorbearance on the part of the MORTGAGEE or its svccessors or aas:gni arxl no extension of the time iw the paymem of the debt hereby secured given by Ihe MORTGAGEE or ita successors or su;gns, shall operate ro re!ease, discharge, mod~fy change o~ affect the original liab~~ity of the MORTGAGOR herein, either in whole or in parf. 10. :t is spec~fically agreed that time is of the essence of this contratt and that no waiver of any obiigat~on hereunder or of the obligaYan se- cured hereby shalt at any time thereafter be hefd to be a waiver of the terms hereof or of the instrument secured he~by. ! 1. In add~tio~ to the forego:ng moothly paymams of princ'pal and inrerest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee wirh each monthly'payrnent an add,~ional wm est mared by morrgagee to be eq~al to 1 j 12 oi the annual cost of the follow- ,ng: A-All real property taxes lev~ed or assesse3 agai•~st the above desvibed real estate. B-Fremfums on fire and wirsdsto:m ~nsurar.ce as herein requ~red to be carried on the Improvements situate on the above described premises. C-Pre~niums on s~ch mwtgage guaranty insurar.ce as mortgagee shall from i~me to time deem fit to carry on the loan secured hereby. Mortgagee shail from time to t~me notiiy mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ;,ayable on the due date of the nezt monthty payment and each successive momh thereafter ur.til mortgagee shall notify mortgagor of a change in such i a-:ount. Such sums shalf be applied by mortgagee toward the payment of real property taxes, i~surance prem:ums, and mortgage guaranty insurance p•emiums. . IN Y~ITNESS WHEREOF, !he said MORTGl~GOR has he:eunto set his hand and seal the day and year first afp~esaid. ~ , Sea~ed and delivered in the presence of: ~ ; 2"~ ~ / ap i I ~ Jo David Ellis Sr. a/k/~ ohn ~ i - . ~f' r ~ - tv cuA : z- . D a a~~ i s Carrie H. Ellis cs~an ~ - ~ ~ SiATE OF FLORIDA ~ ~OUNTY OF St• LZiC~C ; S5. Before me personally appeared .]Ahn Da~•~ S• $r. ~ a/k/a John David Bllis and Ca r rie H. ELZ 15 his wife, to me well k~own and known to me to be the individuats deuribed in and who executed the fwegoir~ ipstrument, and ackrawledged before me that they executed the same for the purposes ~ rhe•ein expressed. Md the said Carrie H• E1115 ~ r,~fe of the said ~]ohn David ELlis ~ Sr. ~ a/k/a John David Ellis upon a separate a~d private ~ ~,am~nat~on by me taken separate and apart from her said husbartdy ecknowledq~ to and before me that she executed said instrument freety and volum ~ ranly and w~thovt any compuls'an, constraint, appreher~i or_fM' of or from r said husband. / WITNESS my hand and offic~al seal this day e A. D. 197 ~ ~ ~ FItEO AND RECORD ST.IUCiE GOUNTY FIA. Notary Public in and for the State of Fbrids at large - RO~ER POITRAS My Commission expires: Rerum To: CIERK GkCU1T COURT first Fede~al Savin s 3 laan Association 9 RECORO VERIfIEO~~ r~. Of fo~t P:erce. ,.`.~:11!~l/•.';~;//; ~,Y Fort P~~rce, Florida L~~ 7 . : \ " • W11 ~c~ ~~ct~ r ~ . ~tc-~ <coR~ . ~9;r."":, n ~ ~w . . , ~Da-~}A~. ` p.; Y~ 1~ra.)t ~l~d ~J'(U~ ' ~r ' _ xy ~ n ~ ; ~;t,;.;; , ~t'~S v This Instrument Prepared By Jphn 1~i. Collins - ' ~ ~ r L. • _ _ First Federal Savings 8 Loan Association - ~ - - of Fort Pierce ~ Florida V ~ ~ ~ ' , 3 s~= ~ . : ; Checked By - ~ ~ OR so~K215 PA~~-23z3 ;8 ~ . _ - - - - ~ ~ ~ , ~ ;K_. ~*r~~~~;~° _f.~ . ~ . . _