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Home My WebLink About2179 J. To place and con~inuously keep on the bui'd~r~gs now a hereafter ~ituate on said tand and on att equip~nenl and penortally covered by lhis ma~g~ ag~, with ~II premiums thcrcon pa~d in full, fi~e insursnce in the utual s?anda~d po~~ty Form, in a sum approved by the MORTGAGEE, a~d windstorm ~nsvr~~c~ in ~hs uiu~l standard pot~cy form, in e aum approved by ~he MORTGAGEE, in s~ch company w compan~es ss ~he MORTGAGEE may direut and all iirs and w~nd~torm iniurance policie• on any of said bu~~d~ng~, a~y lnterest /hercin or parl the~eof, in the sggre9a~e sum afwesaid w ~ ln exceu 1Aereo(, shall contain Ihe usual standard morigagae clause or su~h o~her dauss at ~he Mortgagee may requ~re, makinq the loss undrr ~a~d pol'r cies, each and every, payable to aaid MORTGAi~EE as ~ts in~arest may appear, and each a~xl every iucA poiicy shall be prompity ass gned and delivercd ~o eny heW by said MORiGAGEE as lurthei security ~o said mortgage debt, and, not leu thae? ten (10) dayt in advance of the e:piration of each policy. to dr liver to uid MORiGAGEE a renewal thereof, togethet with a reteipt 1w the promium of tuch renewal; and ~here thall be no f~re or winds~o~m insurar+ce plxed on •ny of sa~d buifdings, iny intercu therei~ w part rhereof, unleu in ~he (o~m u~d wiih ~he Ioss payablc as aforesaid; and in the event any sum of money becomea payable unde~ such policy or policies taid MORTGAGEE ~hall Aave the opt~or? to rece~ve and apply the samo on accouM of ~he indebted- neu atcured hereby w fo pennit said MORTGAGORS to rcceive and use ii w a~y pa~1 thereo( for o:ner purposrs, ~i+tFwut th_riu~ wa~ving o~ unpair• ing a~y equity, I~e~ o~ r;gh1 under w by virtve of thi~ mor:gage; artd in the evenf said MORTGAGORS sha~l fw any reason fail to keep the said p~emiir~ ~o insured, w fail to delive~ promptly any of said policizs of insurance to said MORTGAGEE, or iail promptly to pay fuity any pre~nium therefor p in any respect fail ro pertam, distharge, e:tcute, effect, complete, comply witl~ and ~bids by this tovenanl, a any part hereof, said MORTGAGEE may pf~ce and pay for suth i~surante a? any parl thereof withOUt waiving a affectinq any option, lien, equ~ty, or right under or by virtue of this Morlgage, and Iht fuil amoum of each and every such payment shall be immcdiately due and payable and sha7! bear intere~t from the date thereof until paid at the raie ol ' nirse pe~ tentum per annum and to~ether with such interes? shail be secured by tfie lie~ of th~s mortgage. 4. To permit, commit o~ su(fer no waste, impairme~t ot deter3oratior? of said property ot any part thereof. S. To pay all and singutar the cosfs, charges and expenus, including a ~easonable attwnry i fee and costs of ab~tratls of ti~te, incurred w p+~d at any time by said MORTGAGfE, becav:e or in the event o( the fa~lure on the part ai ths safd MORTGAGOR to duly, promptly and fulty perform, diuharge. rxecute, effed, tomplete, comply with and ab~de by each and every the atipulat~ons, ag~eements, conditwns, and mvenanrs of said promissory note and thi~ mortgage any w e~fher, and sa~d msts, CFMl9M dtl(~ expansas, each and evr.y, shall be immediatety dua and payable; whether w nat ~here be notKe d~ mand, attempt ro co!lect a suit per~d]ng; and the full amoum of each and eve+y such psymem shall bea. interes~ from the date thareof un~il paid at the ~~~e of nine per tlntum per an~~urn; and all said :osts, charges and expenses incu~red or paid, together w~th such intereat, iha(i be secu~ed by rhe t~en of rh~s ma~tgage. 6. That (s) in rhe event of a~y breach o1 this /Nortgrge or defautt on the part of the MORTGAGOR, or :b) in the evcnt a~y of sa~d sums o4 money herein referred to be not promptly and fully paid within thirty (30) days neaf after the samr severally become due and payable, witMut demared w notice, or (c) io tht event each and every thr stiputation:, agrecme~~ts, co~ditions and covenants o! sa+d promisso~y note and th~a mortgage a~y or either are no1 ~uly, prpmptly and ful~y perfwmed, d~scharged, executed, eifected, completed, compl~ed with and abidad Sy, then in eifher or any such event the said aQ gregate sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and a!i moneys secured he~eby, shall become dua and pay- able forrhwith, or thereafre?, at the option ot said MORTGAGEE, ai fu1{y and completely as ii all oi the said sums of money were aginelly st~pulated ro be paid on such day, a~ything in sa:d prom~sswy note w in fhis Mortgage to the contrary nofwithstanding; and thereupon w thereafter at the opnon of- sa~d MORiGAGEE, without notice o. demand, suit at law or in eqvity, therefo~e w the~eaf?er begun, may be prosecuted as if all moneys secured hereby had matured pnor to its inst~tut~on, 7. That in the event that at the beginning of w af any time pending any suit upon this Mortgage, w to foreclou it, w to reform i~, w to enforce payment of any claims hereunder, said MORTGAGEE shatt appfy to the Court having jurisd~ceion lhe~eof fw fhe appointment of ~ Receiver, such Court shall Forthwirh appoint a receiver of said mutgaged property alt and singutar, includ~ng all and sirgu~ar the inco~ne, prof~ts, issues and reve~ues from whatever scurce derived, each and every of wh:ch, it be~ng expre:sly understood, is hereby mor~gaged as if spec~ficatty set forth and destribed in rhe g?snting and habendum clauses hereof, and s~ch Receiver shal{ have alt rhe broad and effective funct,o~s and powers in a~ywise entrusted by s Cou~t to a Receiver, and s~ch appo~ntment ahall be made by such Court as an ad~nitted equity and a matter of absotute right to said MORTGAGEE, and without reference ~o fhe adequaq or inadequacy of tne vatue of the property mo~~gaged or ro the sowency or insolvency of said MQRiGAGOR w the deienda~ts, and that such rr~~s, proiits, intome, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said M~JRTGAGEE and the practice o( such Court. 8. To duly, promptly and fully perfwm, d~scFw.ge, execute, effecr, comptete, comply wirh arxl abids by each and eve~y the stipulations, agrcements, cond;teons and covensnts in said promisswy note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, 6ecomes vested in a person other than lhe MORTGAGOR, the h10RTGAGEE, its auccessws and assigns, may, wirhout notice to the MORTGAOR, deat with such successor or svccessor in interest with ieference to this mortgage and the deb! he.eby secured in the same manner as with Mortgagor without in any way vilSating w d~xharging the Mortgagors' liabiiity here- under w upon the debt here6y secured. No sale of the premises he~eby mortgaged and no forbearance on the pan of the MORTGAGEE w its svccessus or assigns and no extension of the time fw the paymen! oE the debt hereby secured given by the MORTGAGEE or its successors or auigns, ahall operate ro release, d~scharge, modify change or affect the original liabi4ity of the AM1ORiGAGOR herein, ei~Fx~ in whole or in part. 10. It is specificalty agreed that time is of the essence of th~s contract and that no waiver of any obligat~on hereunder or of the obligafion so- cured hereby shall at any time thereafter be he!d to be a waiver of the terms hereof a of the instrument secured herby. I1. fn addrtioa to the foreyo~ng monehly payments of p~i»c'pal a~d imeresf required by the p~om:ssory rro!e secured hereby, mortgagor covenants and agrees to pay to mo:tgagee ~n~th each mo~thly pa~r,:ent an add:r;onal su~n estimated by mwtgagee to be equal to 1/12 of tlie annual cost of the follow- ing: A-All real property taxrs levied or asses:cd ayainst thc above described rea! esrate. 8-Aiemiums on fire and wir.dstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises. C-Premiums on wch mwtgage guaranty insura.~ce as mo~tgagee shail from t~me to time deem fit to carry on the loan secured heteby. Mortgagee shall fro-.i t~me to time no~ify morrgagor in writ~rtg of the amount due and payable hereuntirr and such sum shali thereupon be due and F ayable on the due dare of the next month!y payment and each successive month thereafrer ur.til mortgagee shall notify rrwrtgagor of a change in such a~nount. Such s~ms sha!! be app~ied by mwtgag?e toward the payment of real property taxes, insurance prem;ums, and matgage guaranty insurance eremiums_ IN 1YITNE55 WNERFOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. 1 Signed, Sealed and deliv ~ in the presente. of: 0 an ~ L ` Ph 15 I. Irbt 5 J ~e~ , / {.•C/ Z Sea4 BON11e .l. ~'~O S (Sea!) ` ~ STATE OF FLORIDA 1 _ ! couNrir of ST . L[JCIE i S5' ! Befwe me personaUy appeared Phar i s I. MOt@ 5* .JI . a~ ~ ~ Bonnie .J. Motes his wife, to me well known and known to me to be rhe individuats desuibed in and who executed the foregoing instrurtKnt, and acknowteciged befora rt~e that they executed the same fo~ the purpoaes ~ ~ rhe~ein expressed. And the ,a~a_ Bonnie J. I~ptQS ~ Pharis I. Motes, Jr. ~ N~fe of the said upon s xparate ~nd p~ivate ~ r er.aminst~on by me ta4en separate and apart from her said husba~d, eckrawledgPCi to and before me that she executed said irtstrument freety and volun- ranly and witbout any compulsion, constraint, apprahensia~, fear of or from f~er said husband. ~ ~ E : I WITNESS my hand and of(icial seal this 7"-~- da o Jul ~ q, , ~q 73 ? ~ ~ ~ : ~ i ~J ~ ~ _ i ' ~ ' • ' ~C ~ Notary Public in and w tbe St of.-~lor' ~R lu~e•. - ~ My Commiuion expires: " ' Rerum To: - P!!~';~{'i. ~TE irf FL ' . NOTARY First federal Savings Q~ Loan Association ~~14eEtA~E ' K~Sk':'i ~Xr'f£.CS~D~C. AfY CO~S; : ;975 ; Of Fort Pierce. BoQdl6 Thrut,dpc;all:.s:,:~Me ~6Nw'[~pyy ; Fort Pierce, florida f~~EO ~wn k~co~oED • _ ~ , st. ~uc+~ ,~u~,tr FL~. - ~ - - - : ~ ~S, ROC -r. ' P,AS i This Instrument Pre ared B John W. Collins ~ZRq~` C~~CUIi CCURT P Y REr,~a.~ •~f=;FiEU First Federal Savings & Loan Association L~~ 9 2b ~n ~~3 of fort Pierce, Flarida ~ Checked By ~ ~ 2;5963'7 i . aoox~~.s ~ac~Z~~Q _ Y~ _ _ _ { ~ _ ~ ~ _ ,