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Home My WebLink About0574 To place and co~finuously keep on fhe bui'd~ngs now or herrai~er s~~uate on ia~d land and on a!I equipme~t and pe~sonsily covered by thi~ mo~~g- age, w;th •11 preroiums thercon pa:d in lull, fue ~nsu~ance m the us~al sre„dard po~~cy iorm, i~ ~ sum approved by the M.OR~CsAGEE, a~•d wi~•dstorm ~nsuronce in the uwat uandard po~:cy fo~~n, in a aum approved by ihe AM1ORTGAGEE, such company or compan~es a~ the MORTGAGEE may d~~ett; and all li~a and w~nde~orm insurance poltuea on any o( sa~d build~ngi, ~ny interes~ ~he~eir~ or par~ ihereol, in the aggrega~e ~um ~foresa~d w in exces~ ~he.eof, shaU contain ~fie vswl standard mo~tgagee <fa~se or ~uch o~ha clause as t~e Mortgagee m~y requ~re. makiny ~he loas under sa~d po~i- ues, each and every, payab'e ~o said MORIGAGEE as i~s in~erest may appear, and each and every such po!~cy sha11 be promptly ats g~~ed a~~d de~~Yared ~o any held by said MORiGAGEE as iur~he~ ~ecurify to said mortgage d~bf, and, ~ot less ~ha~ ten (10) days in advance o( the expiration of each poticy, to dr !~ver to faid MORTGAGEE a renewal thereof, together with a rece~pt for the premium o1 such rer.ewal; and there shall be no f~re or wi~~dstwm insuronce placed on any of said buildings, ~ny inferett therein or part thereof, unless in the ~orm and with the ~oas payable as aloresaid; and in the evenl sny sum of mooey becomes payable vnder s~ch policy w poGcles sald MORiGAGEE shall have the opt~on to rece~ve and apply the same on accovnt of the iodaGtrd- ness secured hereby w 1o permit said MORTGAGORS to receive ar,d use it w any parl thereof io~ o:ner pvr~•oses, w~iho~l th~~. o~ war+~ or ~n~p„~r- ing any equ~ty, I+en w righl under w by virwe of this mo:!gage; and in ths event w~d MORTGAGORS shall for any reason fail fo keep 1he said pram~srs so ~nsured, or fail to de:iver prwnp~~y any of said poliues of insurance to sa~d MORTGAGEE, w fail promptly to pay fully any prean~u~n therelor or in any respec~ (ail to perform, discha+ge, execute, efiect, con~ple~a, comply wi~A and ab~de by this covenam, or ~ny parl hereof, sa~d MORiGAGEE n~ay placr a~~o pay fw such inaurence or sny part thereof without waiving or aifetting any opliun, lien, eqwty, or righl unde~ w by virtue oF this Mortgage, and the 4u~1 amoun~ of eacA and every such paymenf shall Ne immediately due ~nd payable ~nd shall bear interest from the date thereo( ~n~il pa~d at the rate ot n~r,e per cent~m per ennwn and to~eth•~~ wi~h such intermt shall tx secured 6y 1he lien of this mutgage. 1. To permit, commit w su(fe~ no waste, impairment or detarioration of said property or any part thereof. S. To pay all and s~ngular the costs, charges and expenses, ~ncluding a ~easonable atewney's fee and costs of abstracts oi t~tle, incur~ed or pa~d at eny time by said MORTGAG:E, because or in the event of the faiiure o~ the par~ o( the said MORTGAGOR to dul~, prompNy snd fully perfwm, d~scnarge. _,ccute, etfec~, comple~e, comply w~rh and ab:Je by each end every ~he sripulanons, +greemen~s, conditions, and wvenaMS of said promissory note and th~f :nortgage •~y o? either, and sa~d cost~, charges and e:penses, cach and evcry, shall be immediately due and paYable; whether a not the~e be not~ce d~ mand, anempt to collect or suit Rend~ng; and the full amount of each and e~e~y such payment shall bear interes~ From the date thrreof until paid at the ~.,re o! n~ne per cent~m par am~u~r, and alI said coats, charges and ex~nses incurred or paid, together w~th such interest, ~hall be secured by the I~en ol th~s mortgage. b. That (s) i~ the event of any breach of this Mortgage w defaul~ on the part o( the MORTGAGOR, a(b) in the event ~ny of sa;d sums of money herein referred to be not promptly and tully paid wi~hin th~rty l30) days next afeer the same severatly beccme due and payable, wi~hout demand o~ nonce, or ;c) in tha evem each and every the stipu~at~ons, agrecments, condifions and covenants of sa~d promiswry note and ths mortgage any o~ either a.c no~ i~ly, promptly and fully perfo:med, d.scharged, ezecured, efiected, comptered, compl~ed w~th and ab~ded `ay, then i~ e~ther w any such event the ~aad ag- gregare sum ment+oned in said p~omisswy note then remaining unpaid, with inrrrest accrued, and atl moneys secured hereby, shall become d~e and pay _~',e forthwith, or ~hcreafter, at ihe option of sa~d MORTGAGEE, as fully and comp~etely as i1 aIl ol the said sums of money were or~ginally st~p~;ated ro be pa~d on such d~y, anything in sa:d prom~ssory nme or in this Mortgage ro the co~trary notwi~hatanding; and thereupon or the~eafter a~ th~ op~~or+ of e3:d MORTGAGEE, without nonce or demand, suit at law ot in eq~~ty, therefore ot thereafter begun, may be prosecuted as if ell moneys secured hereby ned maNred pnw lo ~ts inst~tuhon. 7. That in the event rhat at the beginning of or at any time pending any su~t upon this Mortgage, or to foreclose it, or to refo~m it, or to enforte payment of any claims he~eunder, uid MORTGArEE sfialt apply to the Court ha~~ng jur~nd~ction thereof for fhe appointment of • Receiver, such Gourt shail iorrhwith appoint a receiver of said morigaged property ali and singutar, includ~ng all and sing~lar the income, prol~ts, issues and rever.ves irom whoteyer :~~~rce derived, each and every of wh,ch, it being'expressly understood, is hereby mortgaged as if spec~(~cally set forth and described in the gran~ing and ~;~bendum clauses hereof, and such Receiver shatl have all the broad and ei}ec?ive funct~ons and powers in anywise entrusted by a Cou~t to a Receiver, and s._:h appointment ahatl be made by s~ch Court as an admitted equity and a matter of absolute right to said MORTGAGEE, a~d witheut reference to the acieqvacy or inadequacy of the value of the'property mwtgaged or t~ ~he so.vency or inso:venty of said MORiGAGOR or the defendants, and Ifiat such ~c-~rs, profits, income, issues and revenues shall be appfied by such Receiver accord~ng to the lie~ or equity ot wid MORiGAGEE and the proctice of such Court. 8. To duly, promptly and fully perform, d~scF~arge, e:ccute, effecr, comp!ete, comply w~~h and abide by each and every the stipulations, agree~nents. conditions and covenanrs ~n said promissory note end th:s mortgage set (ath. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in s perwn other than the MORTGAGOR, the h'.pRTGAGEE, its successors and assigns, may, w~:hout no!ice to the MORTGAOR, deal w~th such succeuor w successor in interes~ wi~h reference to this rr~~tgage and the debt hereby secured i~ the same ma~~ner as with lAortgagor w~thout in any way vit+ating w dixha~ging Iha Mortgagors' liability here- ~rder or upon the debi hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on the part of the IAORSGAGEE w its successors or ass~gns and no extension o! the sime fw the payme~t of the debt he~eby secured g~ven by the MORTGAGEE or its successws w ass~gns, si~all operate ro reiease, d~scharge, modify change or al(ect the orig~nal liau~l~ty of rhe N,ORiGAGOR herein, eithe~ in whole a in part_ 10. It is speuficatly ag.eed that time is of the essence of th~s contracr and that no waiver of any obl~gat~on hereunder or of ihe obligaYwn sr c~red hereby shal~ at any time rnereafter be held to be a waiver of the terms hereof or of the instrument secured he~by. I 1. In add.~~o:~ to the forego n~ month!y paymems of princ pal and inrerest requhed by the prom~ssory ne!e secured hereb~, mortgagor covenants ~~i ag.ees to pay ro mortgagee v`~th each monthty payrneM an add;rional wm rst~mated by mortgagea to oe equa! to 1,'12 of the ann~al cost of the foliow- 3: A-A!I real prope.ty taa~s levfed or assessed agai-~st the above ~escribed real estare. B-Prem~ums on f~re ard windstorm insurarce as 'r+erein requ:red to be carried on the imp~oveme~~s a~toate on 1Fw obove desc:~ted prem;ses. C-Prem~ur:+s on such mortgage guaranty insuraace as mor~gagee sha11 from rme to t7~ne deem fit to carry on the loan secured he~eby. rdortgagee she:~ from time to nme notify mo•tgagor i~ writ~ng of ehe amou~t due ar.~ payabie hereundtr and such su~n shall thereupon be due and .>;ab:e on thr due date of ihe nc•xt monthly payment and each sutcessive month thereafter urtil mortgagee shall notify mo!tgagor of a change in such ;~,,nt. Such wms shail be apptied by mortgagee toward the payment of re.~t property taxes, insurance p~em:ums, a~~d mortgage g~aranty inwrance i e~niums. € ~-Y1ITNESS WHEREQf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first alor id. n ^ f ` / tp ~ Signed, deliver m h presence of: y a~. /i~.i~, sl) i ~ ~ ~ A , ~ i' ~ - inton S. Good~vin ~ _ _ c5eaq ~ ~ t%t L ~ • ~r% r e;~~ t- , ~Seaq ~ Trene S.~Go~~~rin ~~ai~ ~ ~ ..ess ~ s~:+7EOF7~&~C~ Connecticut ~ ~ u- ~ ~JU'JTY OF ~drtfOrd Before me personally appearerl Cli nt~n ~'AOC~LVll1 and ~ Irene Goodwin his wife, to me well known and known to me to be the individuais described in and who e,cecuted the foregoing inslrument, and acknowledged befwe me that they executed the same for the purposes rherein expressed. And the said I rene S. GOOC~Wl11 ..;fe of the said _ CZ7i]tL)Ii S C~,L~OLLVi 1l , ~f~in a~pbr~te arxl private ~ ~ , m taE n se arate and a art from her said hu band acknowkd ed to and before rtx that sFx execut .sa iwstros~nt freely and voluo- s: e• am"nat on by e e p p , 9 ~ r:•~ty a~d w~thout any compulsion, constroiro, apprehens~on r of or from her said husband. y _ ~ WITNESS my hand ard official seal this_ ~ - day of June ~ ~'f •,~'p: D. 19 7~ ' - ~ ~.k''~,-_ ry ' in snd ia ine Stat~yf7'F~ at ~e ~ My Commission expirex ~ ~O~T`BC,~~•Cllt : 7~'~" - . Return To: , "~.tl'-s'., Fint Federal Savings a Loan Association - Of Fort P.crce. ~ ~ ?5 Furt Pi_rce, Fiorida 258543 ~ ~ '=s ~ E o r ~ 1~ ~5' 4~ R ~ ~ ~ ~~4i7RA po~ g.~ ~ This Instrument Prepared By ?i c-h~~ rd K. 1i~yE' ~ CIERK r~;~GU~~ 6Q~sfi ~ First Federal Savings & Loan Association pcrr;rZ V~ t'FIED,~.~ of Fort Pierce ~ ~,r; ~ ~O ~ ~ 3 PM ~ Checked By ~ ~~oz ~x ~ 6 f~c~. 574 ~ ~ ~ - ~ - - ~ ~ ~ ~ ~ , . ? ~