The URL can be used to link to this page

Home My WebLink About2337 3. To place and continuously kecp on the bui~d~ngs now or hereaf~er stt~ate on said lsnd and on all equip,nent and pe~so~ally cove~cd by lhis morfg~ egs, w+th all premiums the~eon pa~d i~ full, I~re iniu+ence in ~he us~al s~andard policy torm, in a sum app~oved by the MORiGAGEE, a~d winds~o~m ~ns~rance ~n tM usual standard pol~cy (am, in a sum approved by ~he MORTGAGEE, in such company o? canpanies ss the M02iGAGEE may direth and all (irs anJ windstorm insuronce polic~es w? any of eaid build~nys, any interesl Iherein o~ pa~t thereof, in the ~gg~ryate tum afwetaid o~ in excess thereof, shall contain IM usual standard ~nortgagee clauss or such o~he~ clauss as the Morlgagee may requ:re, making the los~ under sa~d po~r cies, each snd every, psyable to said MORTGAGEf aa its interrst may appear, and each and every such pol~cy sha~l be promptiy au gned and deliverrd ~o a~y heM by ~a7d MOR(GAGEE ~s further security to said mongage debL and, not leu IMn ten (10) days in advance oi the expirat~on of each polity, to da liver ~o uid MORTGAGEE a renewal thereaf, togethe~ with a rece~pt for the pr~mium ol such renewal; and Ihere s~atl be no (~?e or windsio~m insurance pleced on any of said buildings, any interest the~ein w p~~l thereof, un:esi in the form i~d with tM ~oss payable as afoiesaid; and in lhe evenl any •um of money becomes payable unde~ such policy a pol~c:es said MORTGAGEE shall hava ths opt+o~ to receive and apply ths u~~e on account ol the indrbtrd- ness secured hereby o~ to permil aaid MORTGAGORS ro receive and uss it a any part thereof ior o~i~rr pur~,osas, .•:~~ho~t th ~r. u~ .~~a~~in~~ o~ ~n~p~ir- ing any equ~ty, lie~ or right under or by virtva of this mo:!gage; and in the event w~d MORTGAGORS shall for any reaton fail io keep the said p~emisrs so insured, or' f~l to deliver promplly any of said polides of imu~arxe to sa~d MORiGAGEE, w ia~t Nromptly to pay fully any prem:u~n therefw or in any respecl fail fo pe~fpm, discharge, execute, efFecl, compiete, comply wuh and ab~ds by this covenent. w sny part he~eoi, sa~d MORTGAGEE may placz a~.d pey fa such insurance w any parl thereof without waiving w affecting any opt~on, lien, equ~ty, or right under w.by vir~ue of this Mortgage, and the iull amount af each and every suth payment shall be immed~ately due and payable and shall bear i~teres! from the date ?hcreof until paid at the rate ol nine per centum per annum and together with such interes~ shaii be secured by the lien of this mortgsge. To permil, commit w suffer no waste, impairmcnt or deterioration of sa~d property w any part therrot. S. To pay all a~d singular the coats, charges snd expenses, ~ncluding a reasonable attwney's fee and costs of abstracts of titte, incurred or pa~d at any time by sa~d MORTGAGfE, because a in the event of the iailure on the part of the said MORTGAGOR to duly, pr.~mptly and futly pe~forrn, d~scharge, e,cecute, effect, complete, comply w~th and ab:de by each and every the stipulatwns, +greements, tond~tions, and covenants o( taid promissory note and this mortgage any or ei?her, and sa:d costs, ciurges and expenus, eacb and eve?y, slwll be immed~ately due and payable; whethe~ o+ not ihe~e be no~ke d~ mand, attemp~ to collect o? suit pend~ng; and the full amoun~ of each and e~ery such payment shall bea! interea+ from ~he date thereof until paid at the rate o? n~ne per centum per annum; and all said tosts, charges and expenses incurred w paid, toge~her w~th svch interest, shal! be secured by the lien of thi~ mortgaga 6. That (a) in the event of any breach of this Nb+tgage o~ default on the part of the MORiGAGOR, o~ ;b) in the event sny of sald sums of money herein referred to be no~ pranptly and fully paid within thirty (30) days next af~er the sa~ne xverafty betome due and payable, without demand or no?ice, or (c) in the event each and every ~he stip~tations, agreements, conditions and covenants oi sa:d promissory note and th~s mo~tgage any or either are no1 ~uly, prompNy and fully per(ormed, d~scharged, executed, ef}caed, compteted, complied w~th and ab~ded 5y, then in e~ther o~ any such event the sa~d ag greqste sum ment~oned in said prom~sswy ~ote then remaining unpaid, with inrcres~ accr~ed, and a11 moneys secured hereby, shail become due and pay- ab;e forthwi~h, or the~eafter, at the option of said M0~2TGAGEE, as fully and completely as ii alt of the said sums of money we~e ong~nally st~Pulated to be pa~d on such day, anything in said paanissory note w in this Mortgage to the co~tra~y notwitkstanding; and thereupon or thereafter at the opuon of said MORTGAGEE, without nonce or demand, suit at law or in equity, there(we or thereafier begun, may be proucuted as ~f all moneys secured hereby nad matured pr~w to its institunon. 7. That in the event Ihat at tF~e beginning of w at any time pendi~g any suit upon this Morr9age, or to ioreclose i1, w to reform it, or to enforce payment of sny cleims hereunder, said MORTGAGEE shall appfy to the ~ourt having jur~sd:ct~on thereol for the appointment of s Reteiver, such Court shall iorthwith appoint a receiver of said mortgaged property all and singuiar, includ~ng a!1 and singutar the income, prof~ts, issues and revenues irom whatever source derived, eath and every of wh~ch, it being expressly understood, is hereby mortgaged as if speu~ically set forth and desuibed in tF?e g~anrirg and habendum clauses hereof, ar.d such Receiver shall have alf the broad and efiective funct~ons and powe~s in anyw~se entrusted by a Cour1 to a Receive~, and s: ch appointmero sha~l be made by such Court as an admitted equity and a ma~ter of absolute righ~ ro said MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged or to rhe wtvency or ~nsotvency of sa~d MORiGAGOR or the defendants, and that such renrs, profits, i.uome, issves ar.d revenues shall be applied by such Receiver accordmg to the lien w equity of said MORTGAGEE and the praclice of such CouA. - 6. To duly, promptly and fully perforne, discharge, execute, effect, complete, comply wlth and abide by each and every the st~pulations, agrcements, conditions and covenants in said promissory note and Ihis mwtgage set fwth_ 9. That in 1he event the owne~ship of the rnortgagrd premius, o~ any part thereoF, becomes vested in a persen other than the MORTGAGOR, the h".OR7GAGEE, its successors and ass~gns, may, withovt nutice to the MORTGAOR, deal wiih svch successw w successor in interest with reierence to this mortqage and the debt hereby secured in the same manner as with Mortga9o+ withovt in any way vit;a~ing or d~xharging the Mortgagori liability herr under or upon the debt hereby sec~red. No sale of the premises hereby mo~tgaged ard no forbea~ance on Ihe pan of the MOR7GAGEE or its successors or assigns and no extension of ~he time (or the payment of the deb~ hereby secured given by the MORTGAGEE or its successws w au:gns, anall operate ~o re!ease, d~uharge, mod~fy change or affect the orig~nal liab~l~ty of the MORTGAGOR here~n, either in whole or in pa~t. 10. It is spec;ficaily agreed fhat time is of the essence of this cor:tracl ar,d that no waiver of any obt~gation hereu:rder or of the obligatian sr cured hereby shail at any time thereafter be held to be a waiver of the terms hereof w of the i~strument sec~~ed herby. I1. In add~t~o~ to the forego'~~~ rnonrh!y paymenrs of princ pal and inrerest required by the prom:ssory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthiy pay~nent an add~~ional sum esrmated by mo:tgagee to be equal to 1;'12 of the ann~al cost of the follow- • ~ng: ' A-All real property taxes levied or assessed agai•~st the above describrd rral esrate. B-Pre~r.~ums on f~re and windstorm ins~rance as here~n requ;red to be ca~ried on the ~mprovements s:tuate on the at~ve dastribed premises. f C-Prem~um-s on s~ch mortgage guaranty insurar.te as mo+tgagee shall fro~r+ time to ti~ne deem fit to carry on tF~e loan setured hereby. Mortgagee shaSl from time to time notify mortgago~ in writ~ng of the a.r.ount due and payable hereunder and such sum shall thereupon be due and i ~ ayable on thr due date of the reat month:y payment and each s~ccessive mor.th thereafter urail mo~tgagee shall notify mortgagor of a thange in such ~ ount. Such sums sha:l be app!ied by mortgagee toward the payment of real property taaes, insurante prem:ums, and morfgage guaranty insurance € n~zmiums. ~ IN WlTDJESS .1/HEREOF, the said MORTGAGOR has hereunto set his hand and scal the day and year first afwesaid. ~ ' ned, Sealed a~d delivered in the presence of: ~r ~ _ sea4 ~ errance Saitt c~,~~ ~ ~ • . ~ ~ Y v o Ce B. S~lith (5ea~? ~ ~ Sii,TE OF FLORIDA 1 L ~ ~ COUNTY OF St. L11C1@ ~ ~ Before me personally appeared ?erranee J• S,~t~l a~ ~ _ `10~?C@ B. $,ith his wife, to me well known a~+d known to me to b~ ~ rhe individwis described in and who executed the fwegoing instrument, and acknow~edged before me that they executed the same for the purposes rherein expressed. And rhe said JOYC@ B• S~1ttI _ ~ ,.,~fe of the said _ T@ZlariCe .l. S~aith ~ ` ' ` upon a s~~ate and ~te ~ examinat[on by me taken separate and apart from her said husband cknowledged to end before me that she executed said ins:rup~ent .f~ety and ~j~~{!~ !ari{y and without any compulsion, consrro~nt, appr of or from htr said husband. v- ' WITNE55 my hand and official seal thiL_ day \a` ••A{ Or 19~ti ~ ~ u'/y~~ C : ~ - Notary Pubiic in and fw the State of~lo~ida ~t~lsr~e r i = ~a My Commiuion expires: - ~ ' ' 'i~ Return To: • ~ . ~ v~ . ~ First Federal Savings 3 loao Association . - 'i Of Fort P:erce. ~ 'i . '.t -."'D'~~ 3t1~`.~, '~~'7 _ . !A;S 7. Fort Piercc. Flcrida ' . ~ ~ • : S 1.,.._ . . . , ~ jVaJ a ~ ~ This Instrument Pre ared B Gary F, Ellrrood fIlEO AM~ RECOR~~D ~ ~ P Y 5~. WCIC ~OUNTY A. First Federal Savings & loan Association ROCE~ '0'TRAs ~ of fort Pierce , Florida CLERK C+~CUtt CO(!RT RFCOkO YERif1ED.~.......~ Checkec! By ~ L~ t - w,. 3 ss PM 73 ~r ~ ~ g,~0~ ~~5 :~r_.( GJ•J~ ab . ~ , - - - _ - - 3. ~ k -F. . _ ' ~ ~ `R'~~ Y ~~y-~..~~ ~"`Y- . _ : . _ . . . > . -~:7~