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Home My WebLink About2295 3. To plate and continuously keep on the bui!d~ngs now or hereaker s~tuafe on sa~d land and or~ all equipment and per~ona~~y covered by this m~~g- egs, with all premiumi lhereon pa~d in full, fire insuronce in ~he ~sual standard policy form, in a ium approved by the MCRiGAGEE, and windi~orm insurance in the usual standard po!:cy form, in a~um approved by the MORTGAGEE, in such company ot compan;es as ?he A10RfGAGEE may direct; ~r?d all firs and w~ndstoim in~u~anca policiea on any of said buitdings, a+~y inte~e~~ the~ein or par~ the~eo~. in the aggreya~e ium ataesaid or eace~s thereof, shall co~tain the usual stardard mortgagee clavu or such o~he~ dause as ~he Mortgagee may requ~re, msling ~he losa ~nde. sa~d poli- ue~, each and every, payob~e ~o said h10RTGAGEE as its inte~eit may appea~, and each and eve~y such poGcy shall be prompNy ass gned a~~d de~~ve~ed ~o any held by uid MORiGAGEE as further security to said mongage dab~, and, ~ot less than ~en (10) days in ad~a~~te of Ihe exp~~ation of each policy, to da liver to ~aid MORTGAGEE a renewal thereof, together with a receipt for fhe premium of such renewal; anc! ehere shall ba no f~~e or windsto~~n ini~rance p~eccd on any o! said buildings, any interesf therein or part thereof, unless irt the form snd with Ihe loas payabla as aforesaid; and in the event any sum of money boco,nes payable u~der such policy w pol~ciai said MORTGAGEE shall have the opT~o~ to receive and apply the same on accounr o( the indebted- neas secvred hereby w f0 permit sa~d MORIGAGORS to reteiv~ and use it or any parl thereof for o:hcr pwNoses, w~ti.o~t th_.~u~ wa~vb~g o~ ~mpair ing any equ~ty, I~e~ w~~ght ~nder a by virtue oi thi~ mor'gage; and in the event sa~d MORiGAGORS shall fa any reawn fail to keep the sa~d premisrs so ~nsured, or fail ro del~ve~ promptly any of aaid poGcies of insurance to said MORTGAGEE, or (ail promptly ro pay fu~ty any prem~um the~efo~ or in a~y respect fail to perfam, dhcharge, eaecute, eifect, complete, comply with and abide by this cove~anr, w+ny pa~t hareol, said MORiGAGEE may place a~~d ~ pay fw such insurance or ~ny part 11~ereof without waiving or affecting any option, lien, equity, or righ~ under or by vi.tue of rhis Matqage, and fhe fvtl amount oF each and every ~vch payment shall be lmmed;afely due and payable and thall bear interest from the date thereof un~il paid at the ~ate o1 nine per centum per annum and to~rther with such interes~ shalf Ge srcured by the lien of this rtwrtqage. 1. To permit, commit or suffer no waste, impairment or deterioration of aaid property or any part tlxreof. S. To pay all and singula~ the costs, charges and expenses, including a reasonabte ano~ney i iee and cosrs of abs?racts of t7~te, incurred or paid a~ any time by sa7d MORTGAGfE, betause a in the event of the fa~lure o~ the part of the said MORTGAGOR to duly, p~omplly and fully periorm, d~xharge. execute, etfect, complefe, comply with and ab:de by each and avery the stipulat~o~s, agreements, conditions, and covec,ants o( said promiasory note and this mortgaye any or ei~h~~, and sald costs, charges and expenses, exh and eveay, shall be immedlstely due and payable; whether w not there be nofice d~ :nand, attempt to cotled or suit pending; and the full amounl of each snd every such paymem xhall bear interes~ from the date thcreof uniil paid at the rate of nine per centum per an~~um; an~+ all said cos~s, charges and ezpenses inturred w paid, together w~th such interest, shal! be secu~ed by the lien of this mortgage. 6. That (a) in the ever~t of any breach of this Mortgage or default o~ the part oi the MORTGAGOR, or (b) in the event any of ssid suma of money herein referred to be not pranptty and fully paid within thuty (30) days next after the sane severatty become due and payable, withou~ demand o? notice, or (c) in the event each and e~ery the sfipulations, agreements, conditions a~d tovenants of sa~d promissory ~ote and th~s mortgage any or tither are not ~uly, promptly and iully perfamed, d~scharged, executed, effected, tompleted, tompl~ed with end ab~ded Sy, then in e+ther or any such event Ihe seid ag gregate wm mentioned in said p~omisswy note rhen remaining unpaid, with interest accrued, and all moneya setured hereby, shatl betome due and psy- able iorthwith, u ~he~ea(ter, at the opt~on of said MORTGAGEE, as fully and comple~ely as if all of the said sums of money were w~ginally st~pulated to be pa~d on svch day, anything i~ sa:d prom~ssay note w in this Mwtgage to the contrary rtotwi~hstandi~rg; and thereuRort or thereafter a~ the opt~on of sa~d MORTGAGEE, without notice or ~mand, suit at law w in equity, therefore or thereaiter begun, may be prosecuted as if alt moneys secured hereby nad matured pnor to its institution. 7. That in the event tha? at the beginn~ng of or at any time pending any su~t upon this Mortgage, or to fo~ec[ose it, w to reform ir, or to enforce payment of any claims l+e~eunder, said MORTGAGFE shall apply to the Court having jurisd:ction thereof for the appointme~t of a Receiver, such Gourt shall Forthwith appoint a receiver of said mortgaged prope~ty atl and singulsr, inttud:ng aIl and singular ehe income, prol~ts, iasues and ~eve~ues from whatever source der~ved, each end every oi wh~ch, i~ be~ng expcessty unde~stoocf, is hereby mortgaged ss specificalfy set forth and descr~bed in the granting and habeodum dauses hereof, and such Receiver shall have aIl the broad and efiect;ve funct.ons and powers in anywise entrusted by a Cowt ro a Receiver, a~~d s~ch appointment shall be made by such Court as a~ admitted equity a~d a mat~er of absofute right to said MORiGAGEE, and w+thout refeaence to the adequacy w inadequacy of the value of fhe property mwtgaged or to the soivency or insoivency o[ said MORTGAGOR w the defendants, and that such ren~s, proiits, incorne, issues and reven.res shall be appfied by such Receiver qccording to the lien w equity oi said MORTGAGEE and the practice ot such CouA. 8. To dvly, promptly and fu!!y p~vform, discharge, execute, effect, complete, comply with and abide by each and every the st~pufations, agreements, co~ditions and covenants in sa~d pror.~isswy note and th~s mortgage se~ fath. 9. That in the event the ownership of the mortgaged p~emises, or any part thereof, becomes vestEd in a peraon other than the MORTGAGOR, the M.OQTGAGEE, its aucceuas and ass~gns, may, without notice to the MORTGAOR, deal w;fh such successor w successor in inte?est w~th reference to this mortgage and the debt hereby secured in the same manoer as with Mortgagor w~thout in any way vitiating or d~xharging the Mortgagcrs' liability here- under w upon the debt hereby secu~ed. No sale of ~he prert:~ses hereby mortgaged and no forbearance on the pa~t of the lAOR7GAGFE or its successors or assigns and no ~xtension of the time for the payment of the debt hereby secured given by the NORTGAGEE or its svccessws w assigns, ahall operate ro release, diuharge, modify change or affect the original liabil~ty of fhe MORTGAGOR hcrein, either in whole or in part. 10. It is speci(ically aqreed ~hat time is of the essence of this centract and that no waiver o~ any obt~gation hereunder w of the obligation st cvred hereby sha!! at any time thereatter be hetd to be a waiver oi the Ierms hereof p of tFx instrument secu~ed herby. Il. In adti,tio~ to the forego~ng mon~hly payments of princ'pal and interest required by the prom~ssory nore secured hereb~, mortgagor covenants and agrees to pay to mo:tgagee vvith each monrhly pay~.ient a~ add~nonal sum est:n.aied by mortgagee to be eqvai to 1;'12 of the an~ual cost of the fotlow- in~: A-Al! rea! properfy t3xas levied or assessed agai•~st thc above described real estate: B-Premi~ms on fire and windstor~n insurance as he~r~n requ~red to be canied on the improveme~ts s~tuate on the above described premises. C-Premiums on such mortgage guaranty ir.su.ar~ce as mortgagee shall from t~me to time deem fit to carry o~ the loan secured hereby. Mortgagee :ha!! from lime to t~me notify mcrtgagor in writ~ng of the ar::ounr due and payab;e hereunder and such sum sha~l thereupon be due and c3yable on the due date of the next month,y paymem and each successive month thereaftcr ur.ti{ mortgagee shall notify mortgagor of a change in such a^:ount. Such sums shaVl be app!ied by mortgagee toward the paymo~f of real p~operty taxes, insurance prem:ums, and mwtgage guaranty insurance p~emiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hard and seal the day a year first aforesaid. D igned, Sealed a:id delivered in the presence of: l ' 4 Sesq ? ~ (Seal) i ~ a~~ - Roberta Hopkins {Sea7 SiATE OF FIORIDA ~ ' S t. t.t1C1@ ' COUNTY Of 8efore me personally appeared ' and ROb@rt0 Op nS his wife, to me well known end known to me to be i the individuats desuibed i~ and wfw executed the fo~egoing insfrument, and acknowledged before me that they executed the same for the purposes rherein expresxd. And the said Roberta Hopkins r~~fe of the said Jerr A. HO kins upon a separate and private exam~nation by me taken separate and apart from her said hu~ba~d, ackrawledged to and before me that she executed said instrument free~y and volurr rar~ly and v~(ti~out any compu:sion, constraint, apprehens~on, or fea~ of rom r id husband. Y;; ; WIiNESS my hand and off;ual seal this day of 1 A. lY__2~ ~ . _ _ ~ Notary Public in and for the Stat= of-FJorida'.~t tarye ~ _ My Commission expires: ~ - - . V • ~ ~L - Ret~m 70: ,z ~ ~ a _ Firsf Federal Savings 3 loan Association ~.'Q J ` ; r= ~ Of iort P:erce. - = r,~ ; l Fort Pierce, Florida ' u' ~ ~ i~~.. . . . " - ' '••....••'~~~-v ^ r ~ r ~ _ 7~~1 This Instrument Prepared By Gary F. Ell~rood FILEO ANp RECORDED First Federat Savings & Loan.Association . ST.~UCIE COUNTY flA. ~ ~ ; of Fort Pierce , Florida AOCER POIiqAS : ClERK C: ::UI? C4URT'~ ~~.5~~~ ~ ~~y P.[COR~ VE~IF!E~_.~.~~ Checked By 17~- ' Jw. t~l 4 ow PN'73 . ~ ~ soQK 21s o~~f22~~6 - , . ~ sb f { _ ~ " ~ - - - - - - - - ~.%$~~~"~F '~".4tav.' s> ~ .~_Y . ~ ~~w_.m , . . _ . -'E~,Q N.:.,s"'ti'~