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Home My WebLink About1304 3. To ptat~ and continuous~y keep on !he bu;?d;r~gs now o. hereatter situat~ on said land ~nd on all equipmem and puionafly covered by this mortg- ~q~, with ali premium~ Ihereon paid in full, fire in~ur~ncs in the usual itandard policy form, i~ • tum approved by the MORTGAGEf, and wintlstwm ins~rance in ths usual standard pol~cy fa~+, in ~ sum approvad by eM MORTGAGEE, in such company o~ companies st tM MORTGAGEE may dinctj ~nd all fire snd w~ndstorm in~urance policies on ~ny of ieid bu~ld~nps, any intere~t Iherein or part thereof, in tF+s a99«9a~e ~~m alaewid w In ~xcea thereof, ihall con~ain the usual slandard matgage~ clause u such o~M~ c1~us~ as ~ha Matyage~ may reqv~re, mak;np ths los~ under fa~d poli- ciat, e~ch and every, payab'e to ~aid MORTGAGEE as iis interett ~nay appear, a~d each and every such policy ~hall be promptty ~ss.gncd and delive~cd ~o •ny held by uid MORTGAGEE as tunhe~ ~ecurity to said matysge debt. +nd, na1 ~eu than ~en (101 days in advance of ~Fro expiratio~ of each po?ity, to dr ~ IivN to said MORTGAGEE a.t~ewai tAer~of, toyether with a receipt fq tM prcmivm of tuth renewal; and Ihere shall be no fire or wi~~dstorm insurant~ plated on ~ny of ssid b~ildings, any inlerett thcrein or part thereof, unle~s in tF?a fwm ~nd with tM loss payable af +iwesaid; and in th~ tvenl any ium of money bccomas payable urxle~ s~ch policy a polkie~ said MORTGAGEE ihall Mva th~ oprion ro receive a~~d apply the same on accovnf of the i~dabted~ neq iecwed herlby or lo permit sa~d MORTGAGORS fo ~Keive u~d uq i1 p a~y part tAereof for otncr purposes, w~tho~t th_reur waiving or ~n~pair in~ any eq~ity, lien a right u~de~ w by virtue of this mortysga; ~nd in Ihe ~vent w~d MORTGAGORS sfiall fv any reaw~ fail to keep 1he taid prem;srs so insu~ed, o~ f~it to deliva p~omptly ~~y of said policics of insur~ncs ro said MORTGAGEE, or fail promptly to pay futly sny premium therelq a in sny r~spect fail to pa(am, distharge, execute, effed, complate, tomply witA and abide by this covcnant, o~ any parl hr~eof, said MORTGAGEE may pi~ce a~d ~ p+Y fw tuth insurance or ~ny part theroof withovt waivinp or affectirg ~ny oplion. lien, eqvity, a~ight under w by virtw of this Matgape. and tAe . full amovnt o! each u+d evt~y ~vch psyment shall be immcdietely due and payable and ~hall beu intereit irom the dat~ thereof until p;id at th~ raN ol nine pe~ centum per annum and to~cther with wch interas~ shall be secured by ths lien of thii mortpage. 4. To pe~mit, tommit w suiter no wasfe, impairment or deterioralion of uid property or aey part theaeof. 5. To pay all and singular the costs, ci~arges and expenses, i~cluding a reasonable atrwney's fee snd costt of abst~acts of title, i~curred o~ paid at eny time by wid MORTGAGfE, because }or in the event of the failu~e on the part of the said lNORTGAGOR to duly, p~omptly and fvlly perfam, diuhargs, execute, effed, comptete, comply with and ab;de by each and every the stipvlat~ons, agreeme~~ts, condirions, and covenams ol said promiss~y note and ~hi~ mortyaga any o~ eieher, and sa~d cos», charges and expe~ses, each and every, sh~ll b~ immediately due and payable; whether w not there be notice do- mand, attempt ro co:lect or iuit pend~ng; and the full amo~nt of rxh and e~ery such p~ymeM shall bear interost from the date thereof unril paid at rhe rare of ni~ per centum per an„um; and all :aid cosrs, charges and expense~ incurred or paid, together w~th such interest, thall be secured by the lien of th~f mwtyaflw 6. Thst (a) in the svtM of any breach of this AAwtgage or defaull on the psrt of tFu~ MORTGAGOR, a(b) in Ihe svcnt any of said swns of mw~ey herein refer~ed to be not promptly s~d fully paid within thirty (30) days nex~ after Ihe same sevcrally betomQ due a~d payabie, without demand or notice, or (c~ in the event each and every the stiputa~ions, agreeme~ts, condltions and covenants of sa~d promissory note and th;s mwtgage any or either are ~?of iuly, promptly and fully per(wmed, d~scharged, executed, effected, compkted, complied with and abided Sy, then in eifher or any svch event 1M sa;d s¢ greyafs sum mentioned in said promisspy note then remaining unpaid, with iMerest atuued, and all moneys setured hereby, shall become dua and pay- able torthwith, q thereaftcr, a~ the option of said MORTGAGEE, as fully and completely as ii all of ~he said sums of money were or~ginally it~puiated ro be paid on such day, ~nything in sa:d prom~ssory note w in th~s Morrgage to the con?r,ry notwithsrand~ng; and thereupon w thueafte~ at the opt~on of sa~d MORTGAGEE, without notice w demand, suit at law o~ in equity, there(we or thereaiter begun, may be prosecuted as if all mo~eys iecured hereby had mafured pna to ~ts insfiturion. 7. That in tF+e event that at fhe beginning of o? at any t~me pending any suit vpon tbis M'atgsge, or fo faeclose it, w to reform i1, or to enfwce payment of any claims hereurtder, said MORTGACaEE shatl apply to the Court having jurisdiction thereof fa the appointmenf of • Receivtr, such Court shall Forthwith appoint a receiver of said mertgaged property all and singular, includ~ng a(I and singular the income, pro6ts, issues and revenues froin wi?a7ever source derived, each and eve~y of wh,ch, it being expreuty undentood, is hereby mortgagod as if specific~Uy set fath and described irr the granting sod habendum clausea hereof, and such Receiver shall have a11 the broad and effective funct~w?s and povreri in anywise entrusted by • Cou~l to a Receiver, and ~~ch appoiromeM shall be made by such Court as an admitred equ+ty a+~d a mattrr o1 abaolute rigM ro said MORTGAGEE, ~nd without ~efcrence 1o the edequacy or insdequacy of the value of the property mwtgaged or to tF~e soivency o? ~nsolverxy of said MORTGAGOR o~ the defendants, and that such rems, profits, income, iuues and revenues shali be applied by such Receiver acco~d~ng to ~he lien o~ equity of wid MORTGAGEE and fhe p,xtice of such Court. 8. To dufy, promptly and fully pe~fwm, discha~ge, execute, effect, mmplete, comply with and ab~de by each artd every the stipulations, sgreementt, condiYwns and covenams in sa~d promiasory rtote snd this mwtgage ~N forth. 9. That in tl~e event the ownenhip of the mortgaged premises, or any parf thercof, becomes vested in a person other than the AII~RTGAGplt, the MORTGAGEE, its successors and assigns, may, without no~ite to the MORTGAOR, dcai wi~h auch succeasw a succe»w in interest wi~h reference to t6is mortgsge and the debt hereby secured in the same manner as with Nbrtgagor without in any ~vay vitiating or dixharging the Mwtgagors' tiability here- under or vpot~ the debt hereby secured. No sale of rhe Fremius he+eby rnortgaged and no fwbearante on the part of tt~e MORTGAGEE w its successaa or auigns and rw exten:ion of the t~me fa the payment oi the debt hereby secured g~ven by the MORTGAGEE or its successws w au~gn~, shall operate to release, d~scharge, mod~fy change or affect the original Gab;l~ty of the MORiGAGOR he.ein, either in wha!e a in part. 10_ h is speufica(ty agreed that rime is of th~ essence of ~his contract and that no waivn of any obGgat~on herevnder o~ of tF?e obligaYan se- cured hereby ahali at any time ~hereafte~ be hetd to be a waiver of the terms hereof or of the instrument secured herby. 11_ In add.tion to the fpego'ng monthty payments of princ'pal and interest required by the prom~ssory note secured hereby, mwtgagw covenants and agrees to pay to morigagee ~n eh each monthfy payrneM an add~rional sum esnmared by mortgagee to be eqval to 1 j" l2 of the an~ual cost of the follow- ing: A-All real property ta:rs tevied or assessed agai^st the above descri?~d real estate. B-Premiums o~ fire and windstorm ~nsurarce as herein requ;red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guar~nty i~svrar~~e as mortgagee shatt from rime to time deem fit !o cany on fhe loan secvred hereby. Morrgagee shalt from trme to r;me no~;ly mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the neat monthly payment and each iuccessive mo~th thereafter ur.til mwtgagee shall notify mortgagor of a change in such amount. Such sums shatl be applied by matgagee toward the paymenf oF real properiy taxes, insurance prem:ums, a~~d mwigage guaranfy insurance p•emiums. N WITNE55 WHEREOf, the said MORTGAGOR has hereunto ut his hand and seal the day and year iirst afwesa~d. Sigrxd, delivered in the preserxe of: ~ . / ~ n ` ~ ~ ~ an f ~ STATE OF FLOR(OA ~ ~ COUNTY OF SL . l.t1C16 i ~ eefwe me penonaliy appeared _ .11~16 1.@@ Blake2y a~ ~ Hattie T.Ol11S@ Blakely his wife, to me well krwwn and known to me to be f tbe individvals destribed in and who executed the foregoing instrument, and acknowledged before me thst they executed the wme for ihe purposes ` Hattie Louise Blakel i therein expressed_ And the said y w~fe of the said liamie ~4@ Blakel upon s sepuate snd private : sep ` examination by me taken separate and apa~t from her sai{E tknowledged to nd befo~e me that she executed said irut~urrxnt freely sAd votun- P rar~ly and wlthout any comp~,lsion, canstraint, apprehe ' i~/~t~i w from her r.i,b>,,. `'~Y i WITNE55 my hand and official scal thi: day of y 7~ F . oa u in a:+d f.x th~ SHtO of~bri~ aWrae_.. S ~ My miuion Oxpires: - ~ y ..S ~ G = ; Retum To: , J ~ ' O ~ . - _ - ~ Fi~st Pederal Savings 3 Loan Aasociation - .,~i - , Of fort P~erte. ' rytrLLt~,r47~3~'t~~;l~ ~ Fort Pierce, fforfJa • . ~ fXPi4;S 1AN.~~y•.191i-'~ , • ~ . , . ..:.R .._'r._rt• i"',.r~r.<rtPA' - 7 : . ~ : ~ ' = This Instrument Prepared By John W. Col2ins f LEO RECO~aEa ± First Federal Savings 8 loan Association WCtE ~OUNTY flA. f of Fort Pierce~ Florida itOC~+ ?0!1'RAS ( ' CLEkK C1~~•~J~T COURT z59(~3~ ~ REGOR!l Yfg~fff~ Checked By r = o ~ ,1~.11 9 3~ ~N'73 . BQOx ~~6 PACE130~ ; s - - - - - - - ~ ~ , 5 ~ ~ ~ ~ 5~ ~ ~ , ~ _ ~