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Home My WebLink About1831 To plac~ and conrinvously kcep on the buitd~ngs now w Mreafte~ i:twa on said Iand and on al: equipmem end perionally covered by thi? mat~ aQ~, with ill pre+niumi ~he~eon pa~d in futl, fire insurancs in the usual starxJard pol~cy fam, in a sum app?oved by the MORiGAGEE, and wind~twm inturanct in tM uswl uandard pot.cy form, ie? a sum approved by the AhORTGAGEE, in sucA company a canpsn;es as tM MORTGAGEE may direclj and ~If fin and w~ndsro~m insuranc~ polk~es on sny of said buitd~nps, ~~y iMerest theroi~ w pait thereof, in the +g9rega~e wm atwesaid or i~ ~ceu Ihereoi. ~hall conrain ~he uwal ~undard mwtgag~ cl~uk w such o~her cl~use u tM Ma~pagee may ~equire. makinp the loss unde. sa~d poli~ ues, Nch and svsry, payabfe w said h{ORTGAGEE as it: interetl may appear, and cach and e~a~y such poticy ~hall be promptly ass gned and del~verad w eny held by sud MORiGAGEE as fur~hs~ secv~ity to said mortyag~ dcbt, snd, not Ieu than ten (10) days in advance of ~he expiratio~ of each policy, to dN liver lo said MORTGAGEE a r~newa! the~eof, Ioge~ha~ with ~ rece~pt fo~ the prert+iwn of such renewal; and thcre shaU be no fire or wind~~am insurance plac~d on any of said buildir~ps, any interest ther~~n or part tF+e~eof, ~nleu in ~he form end with tF+t loss payable ai afaes+id; and in the evenl any sum of mon~y betomss payablt under such policy w policies said MORTGAGEE sha11 Mve tF?e opt~on ro receive a~d sppty the ssme on accovnt of the i~debted- neu secwed haeby o~ ro permit sa~d MOAIGAGORS ~o receive and us~ ft or any part thereof fw othcr purposes, \V11F10J1 th:rro/ waivi,.g a~~~~pa~r- ing any equ~ty, lieo or righl uoder w by virtw of this mo::gage; and in the svent sa~d MORTGAGORS shalt fw any reason fail to keep the said premises so ins~red, ot fail b del:ve~ p~anptly any of uid policies of ins~rance to sa~d MORTGAGEE, or fail promplly to pay futly any premium lherelw w in ~ny respett fail b p~?fam, d~scharge, e:ecute, effect, complete, comply with snd sbid~ by this covenant, w any par? hereof, said MORTGAGEE may place arx! paY fw tuth insurance w sny parl thereof without waiving w affectinp ~ny option, litn. equity. o~ ~igM wxler or by virtue of this Mortyage, and tht full ~mount o( e~ch and erery such payment aha!! be immcdi~tely due and payable u+d shall bea~ interest from the date the~eof un~il paid at the rate of n~ne per ceneum par annum and ~o~ether w~?h such interesf aAall be sccured by the tien of this mat9age. 1. To permit, comnut a s~ffer no waste, impairment o~ deteriwation ofiaid property or any part thereof. S- To p+y ~11 a+~d singulu tiie cwts, clwges and expenses, includ'uq a~easonsbk attwney i fee and cos?s of abstracts of title, incurred a paid st ! any time by said MORTGAGEE, becwse o+ in tM event of ~he failwe on the pa~t of tM :aid MORIGAGOR to duly, promptly and f~lly perform, d~aharge. execute, efiM, compkte, compty w~th a~d ab:de by each and every the atip~{ations, ag~een~emi, co~diti«u, and covenants of ssid promissory ~ote and this ~ mwtpspe any w eithn, and sa~d costs, cMrgcs and expenscs. each and eve~y, shall be immediatcly due and payable: whetl+er w not there be notice de~ mand, attcmpt to tolkct u suit pendingj and the full amouof of eath and erery s~ch paymcM shall bea. iroeresl from the date thereof ~ntil paid ef the rate of nine per centum per aru~um; and akl said costs, charges and expenxs inturred or paid, together w+th avch interesl, shall be setured by the lien of this mortya~. 6. That {a) in th~ evenf of any breach of this Matgage or de(avlt on the pa~t of the MORTGAGOR, w(b) in the event sny of ss~d iums of money ! herein referred to be no1 prompNy and f~lly paid wi~hin th~ny (30) days ~+ext afte+ the same severally become dve end payable, without dem~nd or ~?otice, or i~ the event each and eve~y the s~ipulatia~s, sgreeme~ts, cor+ditions ~nd covena~ts o( sa:d promiuory oote and th~a mortgage any or ei~her are not ~uly, prompNy and fully pe~forrt~al, d:scharged, exetuted, effectcd, completed, complted wilh and abided Sy, then i~ either or any such event tF?e said a¢ gregate wm mtntioned in said promiuwy note then remaining vnpaid, with interes! xcrued, and atl moneys secu~ed hereby, shall become due snd p~y- ab~e forthwith, a fhereaE~er, at the opt~on of u~d MORTGAGfE, u fvlly and comple~ely as ii all of the said wms of money were onginally st~pulated ~o be paid on such day, anything in sa~d prom~uory note or in this Nbrtgage Io the contrary norwirhs~anding; and ~hereupon a theresftu at the option of said MORTGAGEf, wirhout rqtice w demand, wit at law ot in equity, thtrefwe or thereafter begun, may be proxcuted as if all moneys setured hereby had mawred prwr to its intfi~ution. 7. 7hat in the evenr that at the beginning ot w at any time pendi~g ~ny suit upon this Mortgage, w to foreclox it, or to reform it, or to enfwce payment of any clbims hereunde~, sa"ed MORTGAGfE siwll apply to the ~ou?t having jur~sd~c~ion thereof fw the +ppo~ntment of ~ Receiver, such Coun shall Forthwith appoint a receive~ oF said mortgaged property all and singular, intlud~~g atl and singular the income, profits, issues and revenues from whatever s~vrce derired, eacF? and evcry of wh~ch, it being expressty underseood, is he~eby mongsged as ~f spec:fically set fonh and described in ths granti~g and habendum clauses t+ereof, and such Receiver shall have all the brosd a~d effective funct~ons and powcrs in anywise eMrusted by a Cou:t to a Receiver, and fuch appointment shall be made by sucl~ Court as an sdmitted equity and a matter of absciute right to said MOR7GAGEE, s~d withoul referente to the adequacy or inadeqvacy of the value of the property mortgaged or to ~he sotvency w insolvency of taid MORTGAGOR p the defendants, and that such ren~s, profits, income, issues and ~evenves shall be applied by such Reteiver accord~ng lo the lien or equity of said MOQTGAGEE and ~he practice of tuch Court. - 8. To duly, promptly a~d fully perfwm, dixha~ge, execute, effect, complete, comply wi~h and abide by each a~d every the stiputations, agreements, conditiorq and covenann in sa~d p~omiss.xy ~ote and this mortgage set fplh. 9. ihat in the event the ownersh]p of ~he mortgaged prcm;ses, or any part fhereof, becomes vested in a person other than the JNORTCaAGOR, the ?.`•ORTGAGEE, its successws arid au~gns, may, wirhout rtorice to fhe MORTGAOR, deal with such successor or successor in interest with reterertce to this mortgage and :ht debt hereby sec~red in t1~e same mannor as with kb?tgagor without in a~y way vitiating M discha~ging the Mortgagors' liabiiity hero- vnde~ or vpon the deb~ Mereby ucur~d- No ssle of the premises hereby mwtgaged end no fwbearar~ce on fhe par~ of the MORTGAGEE w ita successors or essig~ and no r~~ens+on of thc time fw the payment of the debt hereby secured given by the MORTGAGEE or its success«s or ass;gns, ,.tiall operate ro release, d~xharge, modify ~hange o~ affect 1Fx original liab~lity of the MVORTGAGOR herein, either in whole or in part. 10- It is spec~ficalty agreed thal time is of the esx~+ce of this con?ract and that no waiver of any obligation he~eurx~er a of the obligation se cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add.tia~ to the foreg~'ng monthly paym~nts of p~inc"pal and interest required by the prom~ssory no~e secured hereby, mortgagor tovenants and agrees to pay to mortgagee w.th each momhiy payrnent an addn]onal sum estimated by mortgagee to be equal to 1/ 12 of the annua! cost of the foliow- in~: A-AI! rea! propeny ta~rs lei~ec.' or assessed aga~~st the above dexr:bed real estate. , _ B-Premiums on f~re and windsto:m insvrence as berein requ;red to be wrried oo the improveme~ts s:tuate on the above described premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from time to time deem fit to carry on the loa~ secured hereby. Mortgagee sha?I from ~~me to tirn~ mei(y mortgag~r :n writ~ng of the amount due and payabk hereu~der and such sum shall thereupon be due and Fsyable o~ the due aete of the next monthly paym.ent and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amount. Sach sums shail be appiird by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance pr~miumt- lN WITNESS WHfREOF, he said MORiGAGOR has hereunto sel his Iwnd and seal the day and year first aforesaid. Seal and de ered in the of: ~ ` / "`..~`"'1 ei~ ~ dY • SS a~ ~ t.~`tt~_ tS~aq On s~ Ross ~a~ ~ STATE OF FIORIDA ' ~ ~ - ; COUNTY Of St• L11C~@ ~ Befwe me perserwlly appeared Riehard G. ROSS a~ ` Sharon S. Ro~s f his w~fe, to me welt known and known to me to be the individuats described in and who e:ecuted the ta~egang instrurnenl, and acknowledged before me that they executed the same for the purposes ` Shasan S Ross j rherein expressed. 'Ard the sa" • € wife of the sa;d R chard G• R'OSS upw? a separate and private ~ exam~~at~on by me qken ssparafe and apan from her said hutband, aduawledged to and befwe me tFwt she executed ssid instrument freely and volurr ; ~ar;ty a~d w+thout any compv~ioq, coratraint, apFrehens~on. or f u of or from her said busbsnd. ' WItNf.S~,N~?'Mb1~l~i~'ii~ sea! this -2 ~ dsy of J~e A. D. 19~~ _ ~ r h~ . . : ~ . a . Notary Public in snd the State of Florida at Larpe - ~Q~[ 01 R • S ~ My Commiu'an expi . ~ v ~ Raturn To: ; - . y •.~~:i^: F;r~ Federil y~'lwrj ~ssbciation ; Of Fort ~e; jqN ~f He~~~ ~N He ` ' ~a~~.. ~o.~da 4" M~ Oct ~o, 1l7~ ' n C~ ~ G.r~i~d.~ E~?~ ' T L i~~~'•••....••'~~' Ni~d b~ Mn'k°n F'ir~ i~swdh 4' ~ ; ~ ' Tr_ ?1.~ ~ra~.9a~ _ ~ . 4 This l:~strument Prepared 8y J. H. RobeYts~ Jr. F~~Ep Ky~ R~CORDEO ^ First FecJeral Savings b Loa~ Association SL WC+E COUNTx FLA. ' • of Fort Pierce Florida ~ ROCER ?Ojta~S > ~ , ~ , CLE~tK t'vJl1 COURT ~ Checked By qECnRO V:'~~f1ED , - ' J~. [0 10 zi II~~?3 , . . E~~ ~is 1~~ dT - . - - _ _ _ ~ _ ' ~~^~-~`~r - V~' ~ . _ _ _ . . _ ~ ~