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Home My WebLink About0494 To place and continuously keep on Ihe bu~'d~ngs now w hereafter ~ituate on sa~d tand and on all equ~p~nenl and personally covered by lhis mwtg• egs, with all premi~rns ~hereon pa~d in full, firo insurance ~n ~hr uwal sta~xlard potity form, ~n a sum approved by the MOR~GAGEE, and w~nd~torm insurance in fhe usual siandard pol:cy for~n, in a sum approved by ths MORTGAGEf, in such company o~ companies a~ the MORTGAGEE may dirctt; ~nd all fire and windsto~m ins~rante policies o~ any of said buildings, any intereit Iherein or part the~eoi, in the aggregate sum ~fotesaid a in excass thereof, shsll toniain the usual sta:~dard mo~tgagee clause or such other dause at the Mwtgagee may requ~re, makin9 the loss under ia~d po~i- c~es, each and eve~y, payable to :a~d MORiGAGEE as ~~a interest may appear, a~d cach and eve.y such pol~cy ihall be prompNy ass gned a~d delivered ~a any held by ssid MORTGAGEE ~s further securi~y to said mor?gage debt, and, not leu than ten i~0) days En advance of the expiration of each policy, to da I~ver to said MORTGAGEE a re~~ewal thereof, toge~her with a rece+pt for Ihe premium o1 such renewal; and ~hare shall be no f~re o~ windsto~~n insurarxe placed on any of said build~ngs, any ~nterest therein a part thereof, unless in the (orm and with ~hs loss payable at afaesaid; and in the eve~t a~y sum 01 money becomes payable under such policy o~ po~~cies said MORTGAGEE ahall have ths option to ~eteive and apply 1he iame on accounl of the indeb~ed- nesa setu~ed hareby w ro pem~it sa~d MORTGAGORS 1o teceive and use it p any parl thereof tor oti~cr pu~posrs, ~vitFx~„t ~h_r.br waivi~ig ~~r ~mp~~r- ing any equiry, lie~ w right undcr w by virtue of this mo:tgage; and in the event sa~d MORTGAGORS shall for any reason fail to keep the said premisas ao insuted, or (,~i) to deliver pranptly any of said polic~es OI insu~ance to said MORiGAGEE, w fai! promptly 1o pay fu!ly any pre~»~vin therefor or in any respecl fail ro perfam, discharge, e:ecute, efiecl, :omplete, comply with and ebide by this covenant, w any part hrreof, said MGRiGAGEE may p~ace and pay for tuch insurance or a~y part thereof w~thovt waiving o~ affectiny any opt~on, lien, eGuity, or right unde~ or by vi~t~e ol this Mo~tgage, and the full amount o( each and every such payment shatl be immedistely due and payable and ahall bear interest irom Ihe dale ihnrrof until paid at the rata of n~ne per centum per annum and to~e~her with such interest shali tx secured by the lien of thi~ mortgage. 1. To permit, commit o~ suffcr no waste, impairment or deterioration of said property w any pa~t thereof. 5. To pey all and singular the cosls, charges and ezpenses, includ~ng a reasonable attwney i fee n~d costs of abstracts of titie, incurred or paid at eny tir„e by said MORTGAGEE, because w in the event of the fa~lure o~ the parf of ~he said MORTGAGOR to duly, promp~ly and fully pe~form, d~schJ~ge. execute, effecf, comptete, compty w~th and ab:de by each and every the stipvla~~ons, agreements, cond~~ions, and covenants of said promissory note and ~hii mo~egage any or e~~her, snd sa~d costs, charges and eapenses, each and every, shall be immed~ately due and payable; whether or not there be norice do- mand, sttempt to collect or suit peoding; and tF.e full amount of each ~nd eve?y such paymenl shall bear in?eresf from 1he date thereot until paid a1 the r„te oi nin.; pe~ crntum F::r annum; and all said costs, charges and eapenses incur~ed w paid, together w~th such interest, shall be secured by the lien of thi~ mortgags. 6. Thal (a) in the event of any b~each of this Mortgage or defautt on the' part of the MORTGAGOR, or (b) in the event any oF sald sunu of money herein reterred to be nol prwnptly and fully paid w:thin thi~ty (30) days next after the same severaity become due and payabte, without demand or ~otice, or (c) in the evem each and every the st~pu~at~ons, agreements, cond~fions and covenants of sa:d promissory note a~d th~s mortgage any w e~ther are not ~~;y, promptly and fully performed, d~scharged, executed, effected, completed, complied with and ab~ded `ay, ?hen in eilher w any such evenl the said ag gregate sum memioned in said promissory note then remair.ing unpaid, with interes~ accrued, and all moneys secured hereby, shall betome due and pay- abie forthwith, or thereafter, at the option af sa~d MORTGAGEE, as fully and comple:ely as il all of the said sums oi money were or~g~~alfy stlputated ro be paid on such day, anything in :a'd prom~sswy note u in this Mortgage to the contrary rqtwithstand~ng; and thereupon or thereafter at fhe option ot sa~d MORTGAGEE, without not~ce or demand, suit at law or in equ~ty, fhere(ae a thereafter begun, may be proxcuted as if all moneys secured hereby i nad matured pnor to ds institution. ~ J'. That in the event fhat at the beginning of or at any time perxli~g any suif upon this Mortgage, or to faetlose it, or to reform i?, or to enfo?ce paymenl of any claims hereunder, said MORTGAGEE shall apply ~o the Court havioy jurisd~ction.thrreof for the appo~ntmeM of a Receiver, such Court ahail forthwith appoint a ~eceiver of said mortgaged property all and singular, irxlvd~ng all ar~d singular the income, p~o}~ts, issues and revenues from whate~er se~rce deri~ed, each and every of wh~ch, it being expressly understood, is hereby mo~rgaged as if spec~iically ut forth and dew~bed in the gronting and t,~bendum clauses hereof, and such Receiver shali have alt the boad and e~fective funcr~ons and powers in anyw~se entrusted by a Cou~t lo a Rec~iver, and s_ch appoi~tment shall 6e made by svch Cou:t as an admitted equity and a matter of absolute righl to sa~d MORTGAGEE, and without reference to the a:lequacy a inadrq~acy of the value of ~he property mwtgaged or to the soivency or ~nso~vency o( said MORiGAGOR w the defendan~s, and that such rems, profits, income, issues and revenues shali be applied by such Receiver accord~ng to the lien or equity of sa~d MORiGAGEE and the practice of such CourL - B. To dul rom rl and full ~orm, d~schar e, execute, effect, co Iete, com w~th and abide b each and ever the sti ulations, a reements, ~ Y. D P Y Y P~+~ 9 ^~P P~Y Y Y F 9 i cond~tions and covenams ~n sa~d promissay note and this mortgage set forth. ~ 9. That in the event the ovrner:h~p of the mortgaged premises, o~ any part thereof, becomes vested in s person other than the MORTGAGOR, the ; ,',QRTGAGEE, its successors and ass~gns, may, without noiice to the MORTGAOR, deal with such succnsor w successor in interest wi~h reference ro this 3 n-ortgage and the d=bt hereby secured in the same manner t~ with Mortgagor without in any way vitiating Or dacharging the Mortgagori liability Fure- ~.r.der w upon the debt hereby secured. No sale of the Frem~ses hereby morfgaged arx! no fo~bearance on the part of the MORiGAGEE or its successors or assigns and no exrension of the time for the payment of Ihe debt hereby secured given by the MORTGAGEE or its successws w ass~gns, ahall operate io release, d~scharge, mod~fy change or affect the orig~nat liabJay of the MCRTGAGOR herein, either in whole w in part. - 10. It is spec+ficatly agreed that time is of the essence of this convact and that no waiver of any obtigation hereunder w of the obligat'wn sr cured hereby shall at any time thereaf~er be hefd to be a waiver of the terms hereof w of tF~e instrument secured herby. 11. In add,t~on to the foreoo'ng menth!y payn:ents of princ pal and ime.est required by the prom;ssory no!e secured hereby. mortga~or covenams a~,d agrees ro pay to mo-tgagee v ith each monrh(y payrnent an add~~ional sum est~mated by moregagee to be equal to 1 j 12 of the annual cost of the foliow- ~nB: - A-Ali reai property taxes levied or assessed aga~•,st fF.e above described real estate. ' B-Pren,i~:ns on fire and v,indstor-n ir.sv~ar.ce as herein ~equ;red to be carried on the ~mproveme~ts s~t~ate on the above descr:bed premises. i C-Prem~~ms on svch mwtgage guar~nty ir.sura~,ce as mortgagee shall from .time to timc deem fit to carry on the ban secured hercby. ~ j Mo~tgagee sha:l from n~ne to t~~r.e noti'y mortgagor ~n writ~ng of the amou~t due and payable he~eundrr and such sum shall thereupon be due and ~ ~~yable o~ the d~e date of the next monthiy payment and each successive month thereafter vr.til mortgaget shall noti(y mottgagor of a change in such s ~•.ount. Such sums s1~aI1 be applied by mortg~gee ~oward the payment of real property taxes, insurarce prem:ums, and mortgage guaranty insurance ~ , •emiums. ~ IN Y~ITNESS L'~HEREOf, ihe said MORTGAGOR has hereunto sef his hand and seal the day and year first eforesaid. ~ Signed, Sealed and delive.ed in the presence of: ~ , Seal) : ~ i : ~ - {Seaq ~ (Seap ~ _ _ (Seaq SiATE OF FLORIDA ~ ~ COUNTY OF Sti• U1C~ ~ ~ Before me personally appeared ~AT1A Ritehie a~ ~ 1+~1i8~1 ~.~iCh~ his wife, to me well known and known to me to be ~ vhe indivi~uals deuribed in and who executed the foregoing instrument, ~d acknowledged before me that they executed the same for the purposes ~ rherein expreued_ And the said I+i~18T1 Ritehie ~ ene Ritchie r+:Fe of the said ~ upon a separate and private ' e.am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and voluo- ~ ~ ranly and without any compu[sion, constraint, apprehension~gr fear of or from her said husband. ~ G~ WITNESS my hand and offic;al seal this_. day of A. D. 19 ?3 ~ ^ ~ i"' Notary Pu in and for th_ew State of f lorids at Lar~e_ ~ My Com sion expircs: /Q~S- Retur~ To: ~ ~ ~ F~~st Ftderal Savings 3 loan Association `',t`i„j1~,;r i,j . " Of Furt P+e~ce. . ~fi ~.t . ~y forr Fierce. Flc::da ~j -r~;: ~g ' FlIED ANO P.fGpR~ED d s:+ ,'."~'~'%S ST.lUC1E ~OUMfY FLA. ~ . ~ ~ _ ,-'r . ^ ~ _ 'y ~ ROCf R POtTRAS ~ ~ - ,..-=~M._~. IT COURT ~ ' r CIERK C1~:~U ~ = RECOR~ VEP..F~EO.~--- ~ This Instrument Prepared By Wai. E. 82'SLU1 ' " : First Federal Savings 8~ Loan Association : ~~s,.~ , ~ ~ of Fort Pierce ~ F10T1da e , ~Q 9 i3 AN ~3 v, ..-s - •d+. `i' "'i~ 1``'t: . ~•'.ti_ ~ : Checked By ~f ~ ~ 6 258488 ~ '~;.,irr,~~t~~`' . ~ . . . ~ OR ~ = 80ux 216 PACE 494 . ~ ~ y Y'i ~ . , . _ _ _ _ ' . . . _ " \ ~~.i, .w . ~.~Y 4.+v~>-~.e.""a~ .:F._ „ 3:. ~ _ ~ _ v.. ~ , . . v -~C