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Home My WebLink About1835 J. To plact ~nd continuously kcsp an the build;ngi now or hereafter tituate on said land ~~d on sll equipment ~nd personally covered by this mat~- a~~. wilh dl pr~mivms thereon pa~d in fu~l, liro ins~~rancc in tM ui~al sundard policy fam, in • ium approvad by ths MOR~GAGEE, and windstwm ku~ranc~ in ~M uswl i+anda~d pol~ry form, in a sum app~ovad by tht MpRTGAGEE, ln such company oa companiei a the MORiGAGEE may dirKt; a~d all fi~e and windslorm iniurance policic~ on any of seid build~nps, ~ny inttrest therein w parl thereof, in th~ ay~rc9a~e ~um afaeiaid or M~xcess ~hereof, tMll contsin ths uswl standard mortgayee clsuie a such o~har clsuss ii tht Me.tg~gee msy requirs, makinp the loss unde? ~a~d poli- cies, each and evay, payab!e ro ~aid MOR7GAGEE as its intarrtt msy appear, and each and avery tuch policy shall be promp~ly au.gned and delivered ~o ~ny hald by said MORTGAGEE as fur~her iecu~ity ~o isid mortys~s debt, and, not leu tMn ter? (10) dayi in advance of the exp~rat~on o( each policy, to de- IivM to said MORTGAGEE a renewal thereof, toqetMr with a receipt for the premium of such renewal; and thers sMll be no fi~e w windstorm ins~rante placed on ~ny of iaid buildirgs, ~ny i~terest 1Mrein or part thereof, ~nle» in 1M form and with th~ loss p~yable at afaes~id; and in the ev~nt any sum of money becomes pay~ble under iuch policy w poGcies u~d MORTGA3EE shati h~ve ~M opl~on to receive and apply ths same on atcounl oi the indabted~ nefs secu?ed heteby w ro permit said MORiGAGORS 1o receive and us~ it Or any part thereof fw other pu~poses, witho~t tha~eu~ wai~ina or ~mpair• Inp any eqvify, lien w right undei a by virtve of this mor!gage; and in the event sa~d MORTGAGORS thall fa sny reawn isil to keep the said premise~ so inw~ed, a fsil b deliver promptly a~y of said poli~fes of inewente to sa~d MORTGAGEE, or fail promptly to pay fully any primium the~cfor w in any reipect fail ro perfw~, d~scMrge, execute, effect, complete, tomply wi~h and abid~ by ~hit covenant, a any part hereof, said MORiGAGEE may piace and paY fw such iewwance or ~~y pan thereof wi~hou~ w~ivinp w atiectiry a~ry optioa, lien. eqviry. a?;gh? under or by virtw of thii Mat9age. and the tvll imount of each and every such payment shall be immed'utely dw and payabls ~nd shall bear interest from ths date thereo( until paid st ths rate ol nine per centum psr a~num and together with such interest shall be secured by the li~n of this rtwrt9age, 1. To permif, commit or suffe~ ~o wasts, impairment o~ deteriwation of said properry o~ any part the~eof. 5. To pay all ~nd singul~r the costs, charges ~~d expenses, incfuding a reawrwble atro~ney i fee and costs of abarracts of titte, incurred o~ paid a~ any time by said MORTGAGfE, becauae w in the eve~t of ths fa~lure on the parl of ~he ssid MORTGAGOR to duly, promptty and fully pe~fam, d~uharge. execvte, effect, complete, comply with and ab:de by each and every the stipulations, agreements, corxlitions, ~nd eovenants of iaid promissory note and this mortgags arty w euher, and sa~d cosn, chuges and eapenses, each and avery, sMll be immediate~y due and psyable; whe~her w not there be notice de rrwnd, attempt ro tollect or suit pending; and the (ul) xrauM of eath and every such paymeM shall bea? interesl from ths date therco( untit paid at the rate of nine per a~tum per amium; and aH said costs, charges and expensea intw~ed p paid, together with suth imerest, shall be ietured by tha tien of thu mortgage. Q TMt (ay in tFwe event of a~y brexF~ of this Mortgage w default on the part of the MORTGAGOR, o~ (b) in the event any of said sums of Raney herein refe?red to be not promptly and fu11y paid within thirty (30) days next afrer the same sevc~ally become due and payable, wilhout demand or norice, or in the evertt each and every the stipulationa, agreemenh, conditions and covenants of ss~d prom~ssory note aod th~s mortgage any or either are no1 3uly, p~omptly snd fully perfamed, d:scharged, executed, effected, completed, comptied with and ab~ded ~iy, then in either or any such evenf tha said ag pregate wm mentioned in said prom;sso?y note then remainir~g unpaid, with intercst acvued, ar?d all moneys sesured hereby, shall become due snd pay~ •ble fwthwith, a the~eafter, it the option of said MORTGAGEE, as fvlly and complucly as if all of the said sums of money were wiginalty st~pulated to be paid on s~ch day, aeything in safd prom~ssory note or in this Mortgage to the contnry notwithstanding; and thereupon or therealter at the op~7on of said MORTGAGEE, without notice or demand, suit at law or ;n equity, therefwe ot therea4ter begun, may be grosecWcKl as if all monays secu~ed hereby had matured pr~w to ~rs insuturion. 7. Thst in the event that a1 t1?e beginnEng of or at any time pending any su~t uport this M.ortgage, a to fwetlose it, w to ~efwm it, or to enforce payment of any claims he?eunder, said MORTGAGEE shali apply to the Court having jurisd~ctia~ thereof fw the appo~ntment of a Receiver, wch Courf shall fathwith appoint a receiver of said rtwrtgaged property all and singular, ioclud~ng all and singutar the irtcome, p?ofits, issues and revenues from wF~atever source derived, eath and evcry of wh;cf~, it being expreuly understood, is herby mptgaged a3 if speufically xt fonh and destribed in the granting and ha6endum clauses hereof, and such Receiver shall have atl the broad and effecrive funct~ons and powers in anywise entrvsted by s Court to a Receiver, and such sppoinfinent ahall be made by such Court as an admitted equity and a matrtr of absolv~e right to said MORTGAGEE, snd without refe~ence to 1he adequacy a inadeq~acy of the val~e of the prope.ty mortgaged or to the sowency or ~nsotvency o1 sa~d MORTGAGOR a the defendann, and that s~ch rents, profits, incorne, iuves and revenues shall be applied by such Receiver accord~ng to Ihe iien ot equity of said MORTGAGEF ar~d the pradite of such Court. 8. To duly, promptly and fully periorm, discharge, e:ecute, etfect, compiete, comply with and abide by each snd every the stipulations, agreemenis, conditans and covcnants ~n said promiasory note and this mortgage aet fath. 9. That in the eveM the ownership of the mortgaged premisas, or any part thereof, becpmes rrested in a person other than the MORTGACaOR, the MORTGAGEE, its succeuws and assi~ns, may, wi~hout no~ice to the MORTGAOR, deal witn such succeuw a successor in intaest w~+h reference to this mortgage ar+d the debt hereby secured in the ssme manner as with Mortgagor without in a~y way vitiating or discFwrging fhe Moriyagort' liability here- under p upon the dcbt hereby secured. No sale of the p+em+ses hrroby mwtgaged ind no forbearance on the part of the MORTGAGEE or its successors a assigns and no extension of the time fw the payment of tht debt hereby secured given by the MORTGAGEE or its succeuas or au~gns, shall operate 1o releax, d~xharge, modify charge or affett the original iiabJity of the MORTGAGOR hereen, tither in whole or in pa~t. 10. It is specifically agreed that time is of the esxnce of this contraU ar~d that no waiver of any obligat~on hereunder or of the obligatan sr i cvred hereby shall at any time thereafter be hefd to be a waiver of the terms hereoi w of tlx instrument secured herby. 11. In add~t~o:~ to the iwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants ~ and agrees to pay to mortgagee with each momh!y pay~nent an addirional sum est~mated by mortgagee to be equa! to 1/12 of the annual cost of the follow- 'ng: A-All ~eal property taxes levied w assessed agaihst the above dexribed real estate. B-Premiums on fire and wirnlstorm insurar,~e as here~n requ~red to be carried on the improvements situate on the above desvibed premises. C-Premiums m such mortgage guaranty iasurance as mortgagee shafi from fime fo time deem fit to cany o~ fhe loan secured hereby. Mwtgagee shal! from time ~o time notify morlgaqor in writing of the amount due and payable hereunder and such wm shtll thereupon be due and payabte on the due date of the next monthly payment and each successive momh ti~ereafter ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums shall ~ app!ied by matgagee toward the payment oF real property faxes, insurance prem:ums, and mortgage guaranty insurance premiums. N WITNESS WtiERE the said MORTG~ GOR has hereunto ut his hand snd seal tl?e day and year ' sforesaid. Signed, Seal nd d v ' the ~reser+ce of: ~ ~ ~ ~ ' L. Dean ~tays ~Seary (Sea4 i ~ STATE OF FLORIDA ` • ` COUNTY OF - $t • ;.t1C 1 e ~ ~ ~ • ~ I ~I Before me penonally sppeared L• Df'atl ~3yS, a S1r1gZQ Af~t11L I~is-wife, to me well known and known to me to be I the Individuel~ described in and who executed tha fwegoing instrument, and sckrww{edged before me that /her ezecuted the same fw the purposes I therein e~cpressed_ ~trd-M+r-L.:e~ , ~yeid ~ - ' - ~ I ~ ' ~ ~ • - ' i , ~ ' . ' , ^ • ~ . . . ~ . WITNESS my hand end officiai seal this 19th ~Y J111 : ,3• ~ ~ - . z - - ~°~4~,.=s_ - - ~ ; , - - • ~ ~ ? 25939~g- ~ ~ : ~ _ Notary Pvblic in end for State F7ai~ ~t ?ry~~ _ . % My Commiuan expires. ~ y; ~ _ , ~ ' - ' ketutn To: ~i ~ ~c~ Fint Federal Savings 3 Loan Assouation f~IEC A!1'~ Rf COR6E0 ypTpRY PUB_~6~~ fi~E oi FLA i~ at U1fi~ ~ ST. WCIE ~.OtiNTY F~A. MY COMNISStCk~-F~E~Rc$, D~;.2g.~~F i ~ Of Fort P~erce. aOCER ?Ui~R~S ~ , Fort Pierce, Florida ~ ~ Boaded Th~u GsnFi~1 i~~an~ ~'F '•~J~ ~(1' / ~ I • RFCOFi vE~ 1 IE~ COURt `_~~~''~~.,rrim~tlti~~i'~ ` ~ ~ - - _ `;I~~~S This (nstrument Prepared By ~ w. ~oI11"ns ' First Federa! Savings 8 loan Association . . of Fort Pierce ~ Florida Checked By ~.7+- ~ ! js I ~ OR~] • 900K ~G.~U NAf E ~St~ - ~ = ; - - _ - ~ _ - ~ -?-~-ti~= <w ~ €F--~ ~ ~ ~ , ~ ~