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Home My WebLink About1298 3. To plac~ and continuou~ly keep on the build~ngs ~ow or hereafta situa~e on said land and on aN equ~pnent and p~rsonatly covered by this mor~q- y~, with ~!1 prem;vms lhereon paid in tull, fire insurance in Ihe u~ual sundard policy fotm, in • sum appro~sd by ths MORTGAGEE, a~d windstwm inwra~c~ In ~he uiual s~andard pol~cy torm, in a tum approved by the MORiGAGEE, in ~uch company w compan~es a the MORIGAGEE may dinct: and alt fir~ ~nd w~ndstorm insurance po~iu"ea on ~ny of ia~d build~nps, ~ny intaest there~n or pan thereof, in tM epgreyat~ ~um ~faesa~d o~ tn exc~ss thereof, ~hall contein tha uiual ifandard mutgagee cl~use a sucA o?her c1auN ai th~ Maly~qee may requu~, makiry ths lo» under ;a~d poli~ ci~s, each aod w~?y, payabl~ to said MORTGAGEE ~s ~fs iroereu may appea~, and each •~+d wery ~uch po~ccy ihall be promp~ly us.gned and delivered to ~ny Mld by said MORTGAGEE +s turiher sec~rity to said mw~ga9e debt, ~nd, nW lea tMn ten (101 days i~ ~dvarxs of the expir»~on of aach pot~cy, to d~- I~wr to ~a,id MORTGAGEE • renewsl ~hereof, toqe~F+N with • r~c~ipt fw the p?~mivm of ~uch renewa!j and then tMll b~ no f~~s o~ winds~onn insura~c~ ptKed on ~ny of s~id bvildinps, any inrQrsst ther~in q part thereof, unless in tM form and with 1M losti payablt as sfor~said; ~nd in tFN tvent aoy ~um of money beccr,xs payable under iuch policy w polKies s~id MORTGAGEE shall have tF?s opta.~ ~o receive and ~pply the same on acco~nt o/ tM 7ndeb~ed- • neu secured hareby w ro permit said MORTGAGORS lo receiva and vs~ it p any parl tAe~eof !a onc~r purpoies, w~~hout the~eb~ wai~ing or unpak• • a~y eQuiy, liee or right w+ck~ or by virtus of Ihit morty~ge; ar+d in 1M evenl taid MORTGACORS thall fo? any reason fai) 1o kcep ~he aid premiset so ' insu~ed, or iail to dtlive~ ptomptly ~ny of s~id policies of intwa~te to said MORTGAGEE, ot fail promptly fo pay fvlly any p~emium fherefor or in any respecf fail to pe~lorm, d;scharge, execufa, effett, compl~te, comply with snd ~bid~ by this covenant, w+~y pa~t heraoi, taid MORTGAGEE may place ena ~ psY fw tuch insurants w ~ny part thereof w~thout waivii+p a ~ffectinp a~y option. li~n, equ~ty. o? ri9M under or by virtus of this hb.tyaye. and ihs full ~movn~ of each and every ~uch psyment iMfl bs immadiately due and payable and shsll bear intereit from the date therwf until paid at ~M rate ol n~ne per cenrum psr annum snd together w~th such inferest shall be secured by 1M li~n of this mw~9a9e. . 1. To permit, commit or suffer no wsste, impairment w deteriorstion of said property or any part thereof. - ~ 5. To pay all and sinpular the costs, chsrges ind expenses, includiny • reasonabls attwr+ey i fee and costi of abst.acts o( titie, incv~red or pard sf r any time by said AM1ORTGAGEE, because or in tM evant of the ~ailure o~ Ihe part of the said MORTGAGOR to duly, promprly ~nd fully perform, d~uhsrge, execute, effed, complet~, comply wilh and ab~de by each and every the stipulalarts, sgreements, conditiau, ~nd covenants of ssid promisswy note and this mort9apa any a eithe~, ~nd sa~d cosh, charges and expenses, e~ch and every, shall be immediately dve and paysble; whetF~er w not lhere be norice d~ mand, ~ncmpt to tolkcl or suit pend~ng; and tAe fvl) amo~nt of each and wery auch payment sAall bea~ intcreit from ~he date tMreof until paid ~1 the raee of nine per centum per ann~m; and all said costs, charges and ea~enses inw~red w paid, together w~th such intarest, shaH be secured by tbe lien of.fh;i ~ ^wr?p+1~. 6. Thst (s) in ths srent of ~ny Mesch of this Mortgag+ w default o~ the parf of the MORTGAGpR, w(b) in the event sny of sa~d sums of money herein referred to be not promptly and fully psid within Ihirty (30) days croal after the same severally becoms due and payabte, without dema~d o+ notice, or (c) i~ tiu event each a~d every the stipvlations, agreeme~tt, conditions and tovenants of said p~omisso?y note and th~s mwtgsge any w cither are not ~uly, promptly and fully performed, d~uharged, ezecuted, eifected, completed, comptied wi~h and abided by, then in either or any such event the said ag- gregate wm menf'wned in said promissory note the~ remaining unpaid, with i~terest accrued, and all monays secured he~eby, shall become dw and pa~- able fwthwit}~, a thereatte~, at the optio~ of said MORTGAGEE, ss futly and completsly as i1 a!! of the said aums of money were o+ginally st~pulated to be paid a? svth day, anything in sa:d promissory note o~ in this Mortgage to the contr~ry notwilhstanding; and tlxteupon o? therea(ter at the option of said MORTGAGfE. without notice a demand, suit a! law w in equity, thcrctore w thereafter begun may be prosctuted u if all moneyt secured tx~eby had matured prwr to iti irutitution. 7. Thst in the event that at the beginning of or at any time pending any suit upon this Mortgsge, w to fwctloae it, w to relorm it, or to enfores payrn~nt of any claims hereu~drr, said MORTGAGEF shall apply to the Cou?t having jurisdiaion ~hereof for ~he appointment of s Receive~, such Courf shall Forthwith appoint a reteiver of said mortgsged prpperty all and si~gvlar, intlud~ng all and singular the intome, ptofits, issues and revenues ftom whatever source derived, exh and everyr of which, it beiny expresaly underatood, is hereby morrgaged as if tpecifically set fonh snd dcwibed in the granting and habendum clivses hereof, ~nd such Receiver shall have all the broad and efieaive funn~ons ~nd powers i~ ~nywise entrusted by a Cw~t to a Receiver, and such sppointment shall be masle by such Court as an sdmitted equity and a matter of• sbsolute right fo said MOt~TGAGEE, and without reference to the edequaq w inadequecy of the value of the property mwtgsged or to the wrvency or insolvency of said MORTGAGOR er the defendants, and that such renis, profits, income, iuues snd revcnues shall be applied by such Re~eivr accordi~g to the lim w eqvity of ~said MORTGAGEE aod the praaice of such Cpu~t. 8. To duty, p~omptiy ~nd fully pe~form, d~scharge, execu~e, eflect, complete, comply wilh and ~bide by each and every the stipulations, agreemenn, condit'ans and covenants in aa~d promissory note and this mortgsge xt forth. 9. That in the event the ownership of the mortgaged premius, w any part thereof, becomes vested in a penon other than the MORTGAGOR, the MORTGAGEE, its succeuors and assigns, may, without notice to the MORTGAOR, deal with such succcsso? a successw in intcrest with refercnce to this mortgage and the debt hereby secured in the same manner as with Mortgagor withoul in a~y way vitiating p discharging the Mortgagon' liability herr under or upw~ the debf hereby secured. No sale of the prem~ses hereby mortgaged snd no fwbearance on ihe part of tl+e 1NORTGAGEE o~ its successors or assigns and no extension of rhe t:me for the payment of the debt here6y secured given by the MORTGAGEE or irs successors w au~gns, shall operats t ~o releau, diach~rge, rrwdify change ot affKt the originaf liability of the IIM1ORiGAGOR herein, either in whole a in part. ' 10. It is spec~fically agreed that t~me is of the essence of fhis contract and that no waiver of any obligation hereunder or of the obtigation sr cured herc6y shaH at any time thereafter be held to be a waever of fhe terms Fureof or of the instrumeM setured herby, ll_ In addi?ion to the fuego:ng month!y payme~ts of princpal and interest requi?ed by the prom~sso~y note secured hereby, mortgagor covenants and agrees to pay to mortgbgee witF. cach monthly paymem an add~rionsl sum est~ma~ed by mortgagee to be equal to 1 j 12 of the annual cost of the fottow- ~ng: A-AN real property taxes levicd or assessed againsr the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the abpve desuibed premises: C-Premiums on such mortgage guaranty insura~~ce as mortgagee shall irom time to t~me deem fit to carry on tFk loan secured hereby. Morigagee sha{I from time to time notify mortgagor in writing of the amount due and payable hereunder and suth wm s!wll tF~ereupon be due and F.ayable on the d~e date of the next monthly payment and each successive month thereaiter ur.til mortgagee shall notify mortgagw of a change in such arr:ount. $uch s~ms shail be app!ied by mortgagee toward the payment of real p?operty taxes, insurante prem:ums, and mortgage guaranty in:urance p~emiums. WlTNESS WHEREOF, the said N10RTGAGOR has hereu~to xt his hand and seal the day and year ' st aforesaid. ~ i edt Sealed and 'vered in the presence of: ,I an ; S . Rh0 : ~ ~ ; an r th M. oe?ds ~~ap ~ f S7ATE OF fLORIDA ~ ~ courvn oF • LUCIS I Before me personally appeared ~Mi S S. Rhoads a~ s Ruth M. Rhoads ~ the individuals desuibed in and who executed the for his wife, to me well known ar~~~c~own tp rrK to be , ~ eganp instrument, and ecknowledged before me fhat they executefi.tlie~s'n~;~a•,the purposes ~ € rherei~ expresxd. And the said Ruth M. Rhoads ~ ti~ s w~fe of the said LeM1S oads : ' Lpon p aep~~ste afi~%privste ~ examination by me taken separate and apart from her said husband, acknowledged to and before me that she exetuted ' i~tlt,rn~n1 ~ftrty s~r?~i~un- i rar~ty a~d w~thout any compvlsion, constraint, apprehe~s~on fear of or from ker band, " t•~Z ~ ; WITNE55 my hand and official sea! thi: day of .Jui : u O~,,p =~q,;~3 ~ . ~ C~~ ; s t Notary Publit in and for the S~ ,l~f• ~ •~(.?k~ ' i - My Commiu'an expires: 4 ~ i _ Return To: t first Federa! Savi n gs 6 loan Association NOTARY PUBUC. STA7E d f10RN~ er LARr,f Of For~ P~crce. MY COM~.iISSION O(PtRES SEF'T. 25, i975 ~ Forr Pierce, Fio.;da Bonded BY American Eiankers I~uurar~ce F i ~ f 6N~ `i€¢g Rp[ ~ This Instrument Prepared By Richard K. Kd eS S~` ~~~f ~9vNTr jL~, First Federal Savin s 8~ Loan Association y QG~~ ~~'`TR~~ ~ 9 Q!. _~K G:3Ct1iT t,0Ult1 i of Fort Pierce, Flotidd sEcnFn yr~~~ IED „j;. ~ ~ Checked By ~ J~'~ g )Q ~ 4 ~ ~ # ~p 259Q31 ' ~ BOa~!( ~~6 PACf ~~+i70 } 5 x ; ~ , , ~ : - ~ u ; ~ . tr ~