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Home My WebLink About2341 7. To place and conf~nuously keep on ?he bu~'d~ngs now on c~reafte? ~rtua~e on sa~d ~and and cn •1: equ~p~ncnt and personaUy covered by this mo~tg- ege, with all premiums ihereon pa~d in full, fire insvranca in the uti~al standa~d policy form, in a s~m approved by the MGRiGA~sEE, a~~d w~~dstorm insuraoce in ~he usual ftanda~d pol~cy lam, in a sum ~pprotied b~ ~ha MORTGAGEE, in such company or compan~es ai the MORTGAGEE may d~rec~; •nd all (ire and w~nd~torm in~uronce poGc;es on any o( sa~d bui~dinqs, any interea~ therein or part thereof, in tha aggregare ium aioresaid or in ~xces~ ~hereof, shall contain ihe usval s?andard mortgagee dause o~ such o~her cla~~s as the Mo+~yagee may rcqu~rs, maAing ~he Ioss undr~ ~e~d pol~ ue~, each and eve~y, payable ~o sald A10RTGAGEE as its inter~st may appear, and each and every such pot~cy ahatt be prompt~y ass g~ed a~d delrvrred ~o any heFd by said MORiGAGEE as furthe~ sewrity eo wid mor~gage debt, and, not te~f than ten (10) days in advance o( ~ha exphauon of each po~icy, ~o de- I~ver fo said MORiGAGEE a re~ewal ~hereof, toge~her with a~eceipt for the pre~nium o) suth renewal; and there ~t~~ll b> no f:re or windsto~m insura~ca placed on any of said b~ildings, any intrrest therein or parl tlureof, unless in the form and with the loss payable as aforesaid; and in the evenl a~y sum of money beto.nes payable unde~ such poticy w po~~cias said MORTGAGEE shail have the opGon to receive and apply tfie ~ame on account of the i~dabted- ntas setwed he~eby o~ b permit said MORTGAGORS to reteive and use il w eny part tha:eof tor otner Hur~,osrs, .•.~~hc:,t th_r.u~ ~v.,~.~,+3 or ~~~~p.,~r• ing any eqvity, lien w right under ot by Vi/fNC Ot th~s mo:!gage; ~nd in the event sa:d MORTGAGORS shall for any ~eason (ail to keep 1he sa~d premises ao insured, or fail fo deliver prom~tly any of said pol~cies of insurante lo sa~d MORTGAGEE, or iai4 prompt~y to pay fu'ty any prem~um therefw or in a~y respc~ct fail to pe~fwm, diachsrge, exrcute, e(fcct, comple~e, cemply with and abide by this covenant, or any psrt hereof, said MURTGAGEE may p~ace a~~d pay fa such insurance or any parl lhereof without waiving w affecting any option, lien, tqu~ty, or right under p by vi~tue of this Mo~tgage, and tht f~ll amount of each and every such payment shall be immediately due and payable and shall bear inte~est from the date thereof until pa~d at ~he rate of nlne per centum per annum end to~rtFx~r with such imer~st shall tx secured by the lien o( this mortgage. 1. To permit, commil w sut(er no waate, impairment or deterioration of aaid property w any oart Ihereof_ S. To pay all and singutar the costs, charges and expenses, ~ncluding a reasonable atto?ney's fee and costs of abstracts of title, incurred or pa~d at any iime by said MORTGAG:E, because or in the event of the fa~lure on the part of the said MORiGAGOR to d~ly, promptly ar.d fully perfo~m, d~icharge. e:ecute, effect, complete, comply w~th and ab:de by each and eve~y the stipulat~ons, agreements, cond~tlons, and covenants of said promissory note and ~hi~ mortgage any w ei~her, and aa~d costs, charges and expenses, each and every, shatl be immediately due and payabie; whether or not there be notice de mand, attempt to collect o? suit pend~ng; and the full amount oF each and every such paymero shall bea~ interes~ from the date thereof until paid a~ the rare oF nine per cent~m per anuu:n; arw all sa~d coaia, charges and expenses ~nc~rred or paid, together wuh such interest, shall be secured by the Gen of thit mortg~ge. 6. Thst (a) in the evenl of any breach of this Mwtgage w default an the part of thc MORTGAGOR, or (b) in the event ~ny of sa~d sums of money herein teferred to be nol pranptly and fu~ly paid wi~hin thirty (30) days ncx~ after the same scvera!ly become duc and payable, without demand or notite, or (c) in tF?e event each and every the stipu:a~ia~s, agreements, tond~tions and cove~ants of sa:d promisw~y note a~~d th~s mortgage any or ei~her are not iuly, promptly and fully performed, d:scharg<~d, eaecutrd, effected, completed, complied with and abided 5y, then in e~ther w any such eveM the sa~d ag ~regate sum mentio~~ed in said promissory nore then re~naining unpaid, with inte~est accrued, and ali monrys secured hereby, shall become due and pay aoie forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and completely as il a~) of the sa~d sums of money were originatly st~putated to br pa~d on such day, a~ythirtg in sa;d prom~ssory note w in this Mo~tgage te the co~trary notwithstand~ng; and ~hereupon o+ 1Fxreaf~e? at the opt~on of sa:d MORTGAGEE, without nonce or demand, suit at law or in equity, thereFwe a thereafter 6egun, may be prosecuted as if all moneyt secured hereby n~d matured pnor 10 ~ts instituhon. 7. That in tFx event that at the beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to reform it, or to enfo~ce payment of any daims hereunder, seid MORTG :GEE shall apply to ?he Cou~t having junsd~ction thereof for the ap~o~ntmeN of a Receive~, such Court shalt fcrthwith appoint a recei+e~ oi said mortgaged properly all and singular, inctud.ng all and sir~guta~ the income, prof~ts, issves and revenves from wha~ever ~ :ou~cr derived, eacfi and every of wh~ch, it being expressly understood, is kereby mor~gaged as ii speuficalty sN fwth and described in ?he g~anting and habendum clauses hereof, and such Receiver shall have atl Ihe broad and effec~ive funct,ons and powers in anyw~se entrusted by a Court to a Receiver, and s~ch appoiMment shatl be made by such Court as an admitted equity and a matter of abs~tute rigM ro said MORTGAGEE, a~d without rcference to the adequacy o~ inadeqvacy of the value of the property mongaged or to the soivency or msoivency of sa~d MORIGAGOR or the defendants, and ~hat such rems, profits, income, issves and revenues shatl be applied by suth Receiver accord~ng to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and iully perform, d7scharge, execute, effect, complete, comply w~th and abide by each and every the stipulations, agreements, :ondit~ons and covenanfs in sa~d promissory note and th~s mortgage xt forth. ~ 9. That in the event the ownership of the mortgaged premises, or any part therenf, becames vested in a perwn other than the MORTGAGOR, the t: ORTGAGEE, its successors and assigns, may, witho~t no~ice to the MORTGAOR, deat w~th such successor or successor in interest with reference to this n,c-tgage and the d:bt hereby secured in the aame manner as wi~h ~do~tgagor w~thout in any way vitEating or d~schaigin~ the Mortqa~ors' I:ability here- under of upon the debt hereby secured. No sate of tE~e premises hereby mortgaged and no iorbearance on the pa:t of the /~10RiGAGEE or its successors or assigns and no exrens~on cf fhe time fw the payment of the debt hereby secvred given by the MORTGAGEE or its successors or ass~gns, a~~all operate ro release, d~scharge, mod~fy change ar affect the orig~nal liab~l~ty of ihe MORiGAGOR he~ein, either in whole or in part. 10. 1t is speu~ically agreed rhat time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obfigatwn se- c~red hereby shall at any time thereafter be held to be_ a waiver of the te~ms hereof a of the inssrument secured herby. 11. In addnios to the forego n9 month~y paymenrs of princ pat and interest requ~red by the prom ssary no~e secured hereb~/, mortga~or covenants a~ d agrees to pay to mortgagee v~~ih each monfh!y payr.~ent an sdd~r.onal sum esrtn:atad by mortgagee to be equat to 1; 12 of fhe annual cost of the follow- ng: A-All real property taxes levied or assessed agai~st ihe a6ove descri~ed real estate. B-Prrmiums on (ire and vvindsro:m ~nsurarce as nere~n ~equ~red to be carried on fhe improvements s~ruate on the above daecribed premises. ! C-Premiums on such mort~age g~aranry ~r.sura.~ce as mo•sgagee shall from tlme to sime deem fit to carry on the (oan secured he~eby. ~ Mortgagee sha!1 from N~ne to t~me not~Iy mo.tgagor in vvr~t~ng of the amou~t due and payable hereundrr and such surn shall thereupon be due and ~ 3~zble on the due tiafe of ~he next monthiy payment a~~d each wccessive month tnereait~r ur.til mortgagee shall notify moragagor of a change in such ; ,~•our.t. Such s~ms s6a(I be app!~ed by mo.~gag~_e to•nard the payment of real property taxes, insurance prem:ums, and mortgage guaranry insurance i p~emiums. ` IN ~fYITPIE55 VtiH~R~OF, the sa~d AtiORTGAGOR has hereunto set his hand and seal the day an ar first atoresaid. € Signed, Sealed and delivered '+n the resence of: ~ aq ~ ~ Anthon A Tonus c~aq ~ w~tri'~s . , ~ ' r~ i ~ (Seal) w~ ness ' Helen o~us c~,i~ a : L " . . 4 G , ~ . . , _ . _ srATE OF~~w JeiG7~y ~ ~ ~OUN~OF ~MT~ 1 y '.Befl~e ine~rsonalJy appeared Mthon A. TQt1U5 and Helen Tonus his wife, to me well known and knorm to me fo be th~ ind~ ~dvai~ de=~bed in and who executed the foregoing instrument, and acknowledged before me that they executed tne same for the p~rposes Helen Tonus therein expressed. And the said ,~v;fe of tbs sa~a - Anthony A• T01'1115 , upon a uparate and private ~ ~,am~natio~ by me taken separate and apart from her said husband, acknowledged to and before me that she ex used said instrument freely and volurt- rarily and wiihout any compulsio~, cons~ra~nt, apprehens" n~ w~ar of or frn~m her husband. ~ WIThESS my hand and offiual seal this _ day of A• ~9 73 , aj Notar ublic in and for i of (1/. J, at large ' My Commission expires: ReT~~^ To: - NOTARY PUB11C OF NEW 1ERSEy ~ Fint Federal Savings ~ loan Associat~on s of ~o,r P erce. , ` I~~Y~Commission Exp~res t~ov.12.1973 ;i Fort Picrte, Ff-vrida - iT lUC F COUNTY FLA. r< ROCER ?G+TRAS This Instrument Prepared By John W. COlll~i CLEFR C14~UIT COURT RECQRD YERtr First Federal Savings 8~ toan Association ~E~ of Fort Pierce , Flozida ,~;11 3 ss PH ~ , ~ Checked By ~ _ ~ Y,~ sb ~L~'~~~~ ~i~~.thJV ~ - _ - - - - - - ~ ~ ~t = ~ ~_.7 r' _ ,W.~ ti _ _ ~ . . . F,r~?-~~