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Home My WebLink About1405 ~ i ' ' 3. To ptu~ •nd coMinuous'y keep on ths bui:dings now a(x:eafter ~itwte on said ~and and on a~~ equipment and perfona~~y cover~d by this mwfg- ags, with all premium~ thereon pa~d in (ull, (ire insuror.~a in tl» usual s~andard policy iwm, in • fum appro~ed by the MORi~AGEE, and windiroim in~uranc~ in the ~swl funda.d poGcy fwm, ie a sum appro~ed by the MURTGAGfE M fw.h tomp~~y w companies as the MORTGAGEE may di~ectj and all fir~ and w~nJsto~m inwranct poliue~ on ~ny o( sa~d buiid,ops, +ny imeres~ ~hereio or part thereot, in the apgrefla~e ~~m aSaesaid w In ~xce~f lhereof, sMll to~tain the u~~al sundard mor~gaye~ clause a ~uch o~ha dauu ~s th~ Mo~ty~ge~ may requ~re, m~A;np tM loss undr~ ~a~d poli- c~es, each and ~very, payab!e 1o sa~d MORTGAGEE as ~~s inte~rit may appear, end each and eve.y auch pot;cy it~all be p~omp~ly ess.yned and del~v,~red ~o +ny held by sa~d INORIGAGEE as (urther accurity to iaid mo~tyage debt, and, not le~s tha~ ten U0) days in advance of the exp~rat~oa of each pol~cy, ta da Ilver to said MORTGAGfE a re~wat ~hereof, togerh~r with a receipt fa ~he paem;um of sucfi renewsl; a~d ~here shall be no f~re o~ windsto~~n insur~nce plac~d pn ~ny of iaid buildings, any i~terett thersi~ or part the~eof, unleas in ihe form and with th~ loss payable ati atore~:id; s~d in the event any surn of mon~y becomes payable unda such policy w poliues iaid MQRTGAGEE shaU Aave ~he opriw, ro rece+va ar.d apply the same on accou:v of ihe indeb~ed- ness secured hereby w 1o permi~ ~aid MORTGAGORS to receive and us~ it w any parl thareof ior o:i,cr pwposrs, v.~~huvt th~r~n~ wai~lna or ~~:,pa~r- infl any eqvity, lien or righl under o~ by virtue of thia mortyage; and in 1he event sa~d MORTGAGORS shatl fw any ~eason fail ro keep the safd p?emisas so insu~ed, or fail lo detive? promptly any pf s.tid policies of insu~snte to ssid MORfGAGEE, or fail promptly to pay fully ~ny p~e~nium therefot or in any respect lail fo per(wm, dlscharge, eaecute, effect, comp~ete, comply with and abide by this covenant, a any part hrreof, ~a~d MORTGAGEE may pisce +~~d ~,ay tw suth insurance or sny part thereof without waiving w a(tecting any option, li~n, equ'~ty, w?igh+ ~nder or by virfus ol thi~ Matgage, and tht f~~ll amount oi eacA and every such payment shal~ be immediately due a~d payable and shall bear interes~ from ths dete thereof u~til paid at the rate of nine pe~ cent~r~ pe~ annum and togrther with such interest shall be secured by the lien of this mortgage. 4. To permil, commit or sufler no waste, impairment or deteriorat~on of taid property or any pa~t thereof. 5. 7o pay ~II and singular the tosts, chargcs and expenses, including a reaionable attwney's fee and costs o( abst~acts of titie, incu~red w paid at eny time by said MOR1GAGfE, because or in ~he event of the failure on the part of the said MORTGAGOR to duly, promptly and full~r perlam, d~scharge. execute, effect, complete, canp~y w~th and ab;de by each and every the sripv(anons, sgreeme~ts, condition:, and covenaros o( said promissory note and ~his .rorrgsge a~y or e~ther, arid sa;d costs, chargea snd expenses, each and every, sMtl be immediately due and payable; whether or not the~e be no~~ce da mand, at?empt to coltett ot iuit pending; and the full amount of eath and every such payment shall bea. interest from ~he date thereof untii pa+d a~ 1ht r~re of nine per centum per an~~um; and all said costs, charges and expenses enturred or paid, logather w~lh tuch interest, ihall be secured by the lien of thu motty~e. 6. Ths1 (a) in the event of any breach of lhis Mortgage or default on the part of the MORTGAGOR, or (b) in the event a~y of satd sums of moaey herein refe~red to be r+ot promptly and futiy paid within th~rty (3p) days ~e~er after rhe same severatty beccyme due and payable, without dtmand or notice, or (t) in the event each and every ~he stiputations, agreements, cond~tions and covenants of sa:d prom~ssory note and th~s mo~tgsge any w ei~her are not i~ly, promptly ~nd fully periormed, d~scharged, executed, effected, compieted, complied with and abided '~y, rhen in e~the~ o! any such event the sa~d ag gregate sum mentaned irt said promisswy note then remaini~g unpaid, with iroerest accrued, ar~d all moneys secured hereby, shall become due and pay- able forthwilh, w thereafter, at the option of said MQRTGAGEE, as fully a~d tompletely as if a!1 of the sa~d s~ms of money were w~ginelly st~pulated to be pa~d on iuch day, anything in sa:d promisso~y note or in th+s Mortgage to the con?rary notwiihstanding; and the~eupon a thereatter at the opt~on of sa~d MORTGAGEE, without notice or demand, suit at law a in equity, therefae w therealter begun, may be prosecuted as if all moneyi secur~d hereby ned matured prro? to iti ins~itution. That in the event that at the beginnirg of w al any time pendi~g any suit upon this Mongape, p to fweclost it, w to reform i1, o~ to enforcs payment of any claims hereunder, wid MORTGAGfE shall apply to the Cou.t ha~ing jur~sd~ction thereof for the appointmenl of a Receiver, such Court shall fo~thwith appoint a receiver of uid mwtgaged property al) and singular, includ~ng aIl aix! singular the inmme, profits, issues and revenues from whatever so~rce der;ved, each and every oi wh;ch, if be;ng expressly understood, is hereby mor~gaged as ~f speutically set forih and desuibed in the grsn~ing and habendum clau3es hereof, and such Receiver shall have all the broad and effective funct~ons a~d powers in anywise entruated by a Court to a Receiver, and s.ch appointment shall be made by svch Court as an admitred eqvity a~d a matfer of absolute right to said MORTGAGEE, and without reference ta the adaquacy or inadequacy of the value of the property matgaged w to the sorvenc~ o+ insolvency oi said MORiGAGOR w the dcfendants, and that such ren~s, profits, income, issues and revenues shall br appl~ed by suth Retefver accord~~~g to the lien or eqvity of said MORIGAGEE and the pradice of such Court. 8. io duty, promptly and fully perform, discharge, execute, effecf, complete, comply with and sbide by each and every the atipulations, egreements, conditioro and covenants tn sa~d prom~ssay note and ?h~s mortgage aet forth_ ' 9. That in the event the ownership of the mortgaged premises, o~ any part thereof, becomes vested i~ a person other lhan the MORTGAGOR, the A!ORTGAGEE, its successors and assigns, may, wi~houi no~ice to the MORTGAOR, deal with such successor o~ succesaor in interest with reference to this mortgage a~d the deb! hereby secured in the same manner as w~th Mortgagw w~thout in any way vitiating w dixharg~ng fhe RAortgago~i liability herr under or upon tlx debt hereby secured. Mo sate of tF~e Fremises heieby mortgaged and no forbearante on the part of Ihe MORiGAGEE w its successors o~ assigns and no extension of the time for tne payment of tne debt hereby secured given by the MORTGAGEE or its successors or assigns, aizall operate ro release, d~xharge, modify change or affect the original (~ab~Gty of ~he MORTGAGOR Ixre~n, either in whole or in part. 10. N is spec~ficaily agreed that t+me is of the essence of rhis contract and that no waive~ of any obtigation hereunder or of the obligation sr cvred he+eby shafl at any time therea(1tr be held to be s waiver of the terms hereof or of the instrument setured herby. , 11. In add;~~on to the fwego:~g moMhly payments of princ'pal and interest requ;red by the prom:ssory note secured hereby, mortgagor covenaMs and agrees to pay to mo:tgagee v~~~h each momhiy pay~.,ent an add~ionat s~m esnmared by morrgagee to be equal to 1, 12 of the annual cost of the follow- ;,,g: A-All reaf p~operty taxes levied or asses:ed agai~st thc above desai5ed real estate. , B-Prem~ums on t~re and w:~dstorm i~surar,ce as here~n req~:red to be carried on the ~mproveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar.ce as mortgagee shail frem e;me ro time deem fit to ca~ry on the Ioan secured here6y. Mortgagee shalf f~om time ta time not;fy mc~tqagor in writ;ng of the amount due and payable herevnder and such sum shali thereupon be dve and ~.ayable on the d~e date of ~he next monthly paymem and ea.h successive month thereaftc~ until mortgagee shall not~fy mortgagor of a change in such a~-.ount. Such sums shaU be appiied by mortgagee toward fhe payment of real property taxes, insurance prem:ums, a~x! mortgage guaranty insurance premiumt. _ , IN Y~ITNESS YlHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and ear first afwesaid_ . Signed, Seal tivered in the pr~sence of: _ Seal) / . / , ~ ~ (Seaq (Seaq (Seaq S7ATE OF fLORIDA ~ COUNTY OF St. Lt1C~! ~ i Before me personally appeared -~d~TtOA 1rI. BIl~OLt a~ ' vaZerie .IO QZ1j.0=t his wife, to me well known and known to me to be rhe ind;v)duals deu•ibed in and who executed the fwegoing instrument, and acknowtedged befae me that they executed the sa:ne fo? tF2e purposes - therein expressed. And the said Valezie .~O Bil~Ott ` N~fe of the said - Ha'Dt011 M. El1~Qtt - ~ pon a xparate snd private ! examination by me ta4en separate and apart from Ixr said 6usband, scknowledged to end before me that she exetuted said inst~umeM freely snd volvrr ~ar:ly and w;thout any compulsion, constrair.t, apprehension, or fear of or from her uid husband. ~ WITNE55 my hand and official seal this 2~h day o ~e A. 19_1~ i / CG ~ Notary Public in and for the aie__ ridi I.afye t-' My Commission expires: . : ; Retu~n 70: NQTAP.Y PU@~+I~.~St1HE A FlO~f DA at;~1R~E ? First federal Savings d. loan Association MY CU~IAf?~~}~'.f~ F~XF'Ii![S C. ;'2~ ~i 5 " t OF Fort P~erce. BonO~ lU~t!'f~Q:~ai:~nsurarite Ur~G~q`w~:pr_. i Fort Pierce, Florida ~ _ ~ . , : - , V~ q. ~ f~~EO ~N~ n£cr+~ . - : st.~.ticic zcur~ra~?. ~ ' 110CEei'r~~TIGf ..~1.• " - This Instrument Prepared By JOhli W.Collifls CLfRK C1T~C~f1T C011RT RECOtiO VEr'~tEO - First Federal Savings 8 Loan Assaciation = of Fort Pierce , Rlorida ~ ~l ~ 29 PM ~~3 < Checked By j s ? goox 216 rAC~ 1~~~J 259110 ~ t - - - . ~ , ~ ~ ~ xr-.l_'~ r~,s~~ ''~f>. ~ ~.~r .r. - s.. s , r:-~ f".-. -s =p~ .~...~__..~-:,:::~s