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Home My WebLink About1649 To place and toNinuo~aly 4tep on ihe bui:dings now or herea(te~ s~tuale on :ait{ lind and on sll cquip~nen~ and personatly covered by this matg- •gs, with all premiumt thercon pa•d in full, fire insuranca in the uwal standard poi~ty form, in a c~m ipprovcd by ~he MURiGAGEE, and winditonn ~~sura~ce ir, the usuat •tandard pol;q form, io s ium approved by the MORTGAGEE, i~ wch company o~ compan~es as the MORiGAGFE may dirsch •nd all (iro and w~ndsrorm enswante pol;cias on any of said bvild~ngi, any interest Ihe~ein or pa~l thrreof, in the aggrega~e surn alwesaid o~ in excess Ihereof, shall contai~ ?he usual ttandard mw~gagas ciauie o~ ~uch other claw~ as Ihe Mo~lyagea m~y roqu+ro, maling fh~ io~s under sa~d poli- ues, each and avery, payab!a to sa~d MnRiGAGEE a~ its i~rerest mey appear, ~nd each and every such po~fcy shall be p~ompHy ass g~ed and det~verrd ~o •ny held by said MORiGAGEE as fur~her security 1o sa~d mortgage debt, and, not less 1ha~ ten (10) days in advance of the expiratio~ of each pofity, to de- ~~~tr to said MORiGAGEE a ~enewal thertof, togetMr with • rece~p~ fa the pranium of such renewal; snd rhere sha!! be no fue or w~ndstor~» insuranca p~ated o~ any of said buildings, any intere~l therein or pu1 th~reof, unles~ in ths form ~nd w~th tM Ios~ payable as afatsaid; and in tF+e event any tum o~ money tkcomes payable uode~ such policy w poGcies said MORiGAGEE ihall havs ~he option to reteive and app!y the same o~ accoun? of the i~~clebted ness secured hereby or to perm~t sa~d MORiGAGORS ?o rece+ve and uae it a any pa~t ~he~eo~ br ot~e~ Fu~FOSes, .v~mo~t ih_~.u~ wa~+~~~~ o~ u~~pa~r- ing any eqv~ty, lie~ w ~ight under w by virtue of thii mo::flage; and in ~hs even~ ~a~d MORTGAGORS sAall (w any ~eason fail to keep ~he sa~d premisrs so insured, or fail to detive~ promptly ~ny oi said policies of ins~~ants to said MORiGAGEF, or fail promptly to psy fully any prem~um the~elor or in any .espect la~l ro pertwm, d:scharge, execute, ef(ec~, complere, comply wi~h u~d abid~ by thii cove~ant, or any part hereof, said MORTGAGEE may place a~~a pay (Or suth insurance w any part Ihereof w~thou? waivi~g or ~ffecti~g a~y opt;on, lien, equ~ty, w righl unde~ o~ by virtue ot this Mo~rgage, and tht ~~tl amo~nt of each and every svch payment shall be ;mmed+'atefy dus and payable and shall bear interes~ from tM date thcreof until peid at the rate ol nine per centum per annum and to~ether w~th such in~erest shal{ be secured by the lien oi this mort9age. To permit, commit or suffer no waste, impairment w delerioration of said property o~ any part lhereof. 5. To pay all and singutar the costs, chargei and expe~ses, including a reawnable aftar?ey'i fee and costt oi abstracts ot title, incurred o~ pald at any rim.e by said MORiGAG:E, because w in the evenf of the faiture on the part of the said MORiGAGOR to duly, promptly and fully perfotm, d~scha~ge. execute, effect, complete, comply w~th and ab:de by each a~d every the stipulahons, agreements, co~ditions, and covenants of sa~d promiiw~y note and ~hii mortgage any w ei~he?, and sa~d costs, charges and expenses, exh a~d every, shal! be immediately due and payable; whether w not there be not~ce da mand, attempt to collect q suit pend~ng; a~d the full arnount of each and every svch paymenl shall bear interest frpm the date thereof unril paid at the rare of n~ne per centum per annuo~; and aIl said costs, charges and expenses incuned w paid, togett~er wuh such inte~est, shall be secwed by ~he l,en of thi~ ~ mottgage. 6. Yhat (a) in tfie event of any b+each of this Irlwtgsye or default on t},e part of the MORTGAGpR, or (b) in ~he event sny of sa~d sums of morey herein ~eferred to be not promptly a~d fully paid within thirty (30) days next after the same several(y beconx due and pa~able, without demand o? nofite, or (c) in the event each and eve~y ihe stipulations, sgreemeros, conditions and covenams of sa~d promiswry note and th~s morigage any o~ either are noi iuly, promptly and fulty perfwmed, d.scharged, exccuted, eitected, completed, compl~ed with and abided by, ~hen in e~ther or any such event the ~a~d ag gregate sum mentioned in said prom~seory note then remaining unpa~d, with intere>t acuued, and all moneys secured hereby, ihall become due and pay- able forthwith, or thereafter, at ihe optio~ of said MORiGAGEE, as fu1Fy and completely as if all of the said sums of mo~ey were aiginatly st~puiated ro be paid on such day, a~ything in said promissay note or in this Mwtgage to Ihe contrary notwithstanding; and rhereupon or therea(tet a! Ihe optiort of se~d MORiGAGEE, withoul nos::e or demand, suit at law or in eq~ity, fherefae or thereafter begun, may be prosecuted as if all moneys secured hereby nad mawred prror to ~ts ins~itu~~on. 7. That in the event that at the begi~n~rg of o~ at any t~me pend~ng any su~t upon this Mortgage, a to fwecfose it, or to refwm it, or to enforce paymenf of any claims he~eurfder, said MORiGAGfE shall apply to the Court havi~ig jurisd~ction thereof fw the appointment of a Recaiver, tuch Court shall forthwith appoint a receiver of said matgaged property al{ and singular, includ,ng alt and singular the income, protits, issues and reven~s trom whatever source derived, each and every, pf wh~cfi, it being expreasfy undersrood, is hereby moregaged as if spec;fically set futh and drxribed in the granti~~g and habendum clauses hereof, and s~ch Receiver sha(I have all the broad and effective funct~ons and powers in anywise e~trusted by a Coun to a RECeiver, and s~ch appointment shalt be made by such Court as an ad~nitted equity and a matter of absotute right to said MORTGAGEE, and wirhout refere~ce to the adeyuacy or irsadequaty of the vatue o! the property mortgaged or to the iowency or ;naolvency of said MORiGAGOR w Ihe defendants, and that such ren+s, profits, income, issues and revenues shall be applied by such Receiver acco?d~ng to the lie~ w equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perform, discharge, exe~ute, effect, complete, tomply with and abide by eath and every the stipulations, sgreements, conditions and covenanrs in sa~d promissory ~ote and this mortgage set fwth_ 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested i~ s peryon othe~ than the MORTGAGpR, the N ORTGAGEE, its successo~s and assigns, may, withour notice !o thr MORIGAOP., deal wirh such successor or successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Morlgagor without in any way vitiating w discharging the /~4ortgagora' liabitify here- under w ~pon the debt hereby secured. No sale of ihe premius hereby mortgaged and no forbcarance on the part of the MORIGAGEE or its successois or assigns and no extension of the time for the payment of the debt hereby secured given by t1x MORTGAGEE or its successors or au:gns, ahall operate to release, diuharge, modify change or affect the wginal liab~l~ty of the MORTGAGOR herein, either in whole o~ in pari. IG. It is specifically agreed that time is of the essence of this contract and that no waiver of any obiigation hereunder or of the abtigatan se- cured hereby shall at any time thrreafter be held ro be a waiver of the terms hrreoi or of the instrument secured herby. ! 1_ In add,+~o~ to the forego n9 mon~hly paym~nts of princ'pal and inte~esr requ~red by the pranlssory note secu~ed hereby, mortgagor covenants .~~~d agrces ro pay to moatgagee w~th each momhly payrnent an add~~ional sum estin:ated b~~ mortgagee fo be equal to 1,'12 of the annua! cost of the foliow- in~: A-A!! .eal property ta~es leiied w assessed against the above desc.ibed real estate. B-pre~riu~r.s on (ire and wir.dsto+m insu~ar.ce as herein req::ued to be carried on the improvements situate on thz above destribed premises. C-Premiums on such morigage 9uaranty insurar,ce as morlgagee shall from time to time deem fiT to tarry on the loan seturcd hereby. Mortgagee shai{ from t~me to time notify mortgagor ~n w.it~ng of the amount due and payable hereundrr and such sum shell lhereupon be due and r. ~yable on the due date of ~he next monthly payment and each success:ve month thereafter urtil mwtgagee shall not~fy mortgagor of a change in svch o~nt. Such zu:ns sHa:l be appiied by mortgagee toward the payment of real properry taxes, insurante prem:ums, and mortgage guaranty insurance ,r,~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his har,d and seal the day artd ar first aforesaid. Sign Sealed and de;ivered in the ence of: Sealj - S M. M le (Ses4 _ _ ' ' al) - Sarah J. ore ~~a~~ ~ . ~ STATE OF FLORIDA ST . I,LICI E ; c~uNrir oF 1 ! sesw~ me .:o~a~~ a James M. Moore pe y ppeared ~ and ~ 5arah J. Moore his w~fe, to me well k~own and known to me to be rhe individuafs described in and who executed the foregoing instrument, and acknowtedged befae me tFwt they exetvted the sartls ipr the purposes i therein exp~essed. And tF~e said Sarah J. Moore - ~ James M. Moore `~e,; : ~ ,v~fe of the said '-1up~n a sEpy~e Ynd pnvate e,am~naYwn by me taken separate and apart from her said husband, ackrawledged to ansl before me that she executetl,~ d~j~}J~ymenj-ffEp~y" and volun- ra-ily and without any compufsian, constroint, apprehen/si wL fear of or f~om FMr said husband. , WITNESS my F~and and olficial seal ihis !~f'L' day of ~ Ju~ ~ ~y 73 . y ~ n 1 Notary PubGe in a~d fw theL S1a!f florida at j,~~Q ; Retum To: My Commission expir~ .y~ : ^~1 ~ ~ G ~3 . ~1~GE . ~p~,; ~a . ._,7~ First Federal Savings ~ loan Assaiation .l'%,,'~1•: r ~ y~::`~'-1MUS~~.~17,.:::i..c ~.0. ~f Fort P:erce. ~~~yy~ N~ I~ ~ G/~Q J .J l~..L'5~73'. For! Pierce, Fbrida • i This Instrument Pre ared B y F11E0 ~~~CqRDEO ' P ~ttichard K. Ka ~ es gt ~uclr ~ovHTr F~~. ~ First Federal Savings & Loan Association kGCE •?~'7~A5 of Fort Pierce ~ R10Zldd - ~~zaK ^"~~J?T C~URT A[(',i ~3 . =~f'.~.Cf~ . i ~ ~ Checked By ~ ~ ,~t. ~9 9 03 I~h 13 . - ~ ! ~OCM !'.~t:i~~j~ ~ ~ . - - - - - ~ ~ ; ~~~x"~"~-"-4a.'.'~=~ ~~r-~ :-a~ ~~~„ra ~ _ ~ ~ - e. r~---~: - z,~." i~~''~ .y . ~ . o c ~a~;'~'~ ~1*,r- , ,~~.#".x-