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Home My WebLink About2897 J. To plac~ end continuously keep on ths bui!d~~gs now or hereafts~ ~ituat~ on sa~d I~nd and oe~ all equipmant snd penon~lly covered by this mor~g- with all premi~mi Ihe~eon pa~d in tull, (ire in~urance in ~he uiual ~~andard policy fo~m, in • ium approved by the MOR7GAGEE, and wlnd~~wm insuranc~ in tht usual trsndard pol~cy fum, in • sur» ~pprored by tM MORiGAGEE, in ~utb compa~y or companies as 1M MORTGAGEE may dir~c~j ~nd all (~r~ and windstorm insuronce polic~es a+ any of said bvildinpt, a~y inttres~ thecein or part thereof, in the aggre9a~e ~um ataeiaid or In ~xcea IF~ereof, shsll contain Ihe usuat tlandard mortyaflt~ clausa or :ucfi o~her clavse as !M Mo~tpage~ may requ~r~, rrNkinq ~he loss under ~e~d po1F ci~t, ~~ch and every, payable to iaid A10RTGAGEE as ~~s intereit may appear, ~nd each and every such poi~cy shall be promptly su yned and defivered ~o any lwld by said MORTGAGEE ~s fu~ther security to said mortgage debt, and, not less tFwn ten (T01 days in advance oi the sxpi~ation oi esch pol'Ky, to da fiwt fo wid MORTGAGEE a ~rnewal thereof, fogetMr with a rece~p~ fw IM pr~mium oi such renewal; and ~here shall be no f~re o~ wi~da~or;r~ insurance plsted on any of iaid buildings, ~ny interesi tMrei~ a ps~t thereof, unless in th~ (orm ~nd with tM loss payable ai afwes~id; u~d in Ihe evtnt any tu~n of nwn~y becom~~ payable under iuch poiiq a potlcies wid MOR~GAGfE ~hall Fuvs ?he option to r~ceive and appty the ~ame on account of ~he indebted- n~u secured he~eby or ro permil said MORTGAGORS ro rKeive and u~ it or any part thereof for o:iicr purposes, .vliFwut Ih~reb~ wa~~ing w~mpair- iny any equity, li~~ a right unda o? by virWe of thii mortgsye; and in fhe eveM sa+d MORTGAGORS shall !or any raawn fai! fo kecp ~he said premisrs so ~~iured, o~ fai! to deliver promptly any of said polKies oF insurance to seid MORTGAGEE, or fail promptly to pay lully sny pranium the~efor or in ~ny respett (all ro per(am, d~sch~rge, execute, eftett, complete, comply wi~h and sbide by thii covenant, w any part hereof, said MORTGAGEE may place a~d pay fw iuch insurance or any pert thereof without waiving w sffectiny ~ny op~ion, li~n, equ~ty. w righ~ unde~ or by v~rtw of ~his Mortgaye, and the full ~mount of each ~nd every iuch payment shall be immediately due and payable and shatl be~r i~tereil trom ths date thereof un~il paid at the rat~ of nine per centum per annum and to~ether wilh such iMerest shali be srcured by fhe lien of this mortgage. I. To permit, c~mmit ot suffer no waste, impairment or deteraration of said property or sny part 1lxreof. S. To pay •11 end :ingula~ the cous, tharges and expenses, including a ~easonable attwney i fee and costi of abstrsct~ of title, incurred w paid at any time ~y aaid MORTGAGEE, because w in the event of the failure on the part of the said MORTGAGOR to duly, promptly and f~lly pe~(wm, diuha~g~, execute, effec~, complete, comply with and abtde by each ~nd every thr stipulat+ons, agreements, tonditions, snd covenants of said promissory note a~d Ihis mortyage any w e;ther, and sa~d costs, charges and expe~?ses, each snd avery, sMll be immediately due and payabfe; whether w no~ there be no~ice dr mand, atttmpl to totled or tuit pending; and the full amo~nt of e~sch and eve~y suth paymeM shatl beir in~erost from ths date the~eof un1il paid it the rare of nine per centum per annum; anc' aU said costs, charges a~d expenses i~tvrred or paid, togelher w~th such intereat, shall be secured by the lie~ of this mortyag~. b. That (a) in the event of any breach of this Nbrtgage o~ defa~lt on the psrt of ~he MORtGAGOR, a(b) in ths event ~ny of ta7d suma of money herein referred ro be not promptly and fu!!y paid within thirty (30) days nex~ af~er the same xveraily become due +nd payable, withou~ dem~nd w notice, or in the event eacl~ and every the stipulatio~s, agreements, cond~tions and covenants oi sa~d promiuory ~ote and th~a rtwrtgage any w either are not ~uly, promptly and lully perfwmed, d:uharged, executed, ei{ected, compfeted, complied with and abided by, lhen in either w any iuch evem the said ag gregate wm mentioned. in said promisswy note then remaining unpaid, with interest accrued, and ail moneys setured hereby, thall betome due and pay- able fwthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said tums of money were uiginally st~pulated to be paid on svch day, anything Fn sa;d p~orn;sswy note or in this Matgage ~o ~he contnry notw~~hstanding; and thereupon w thereaftea at ~he oprion of sa~d MORTGAGEE, without notice or dema:~d, suit at Iaw a i~ equity. therefore w thereaf~er begun, may be prosecuted aa if all moneys secured hereby had matured pnOr to its i~stitution. 7. That in the event rhat at the beginning of o? at any time pending any suit upon this Mortgage, w to foreclose it, or to reform it, o? to mforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof fa the appo~ntment of a Receiver, such Coun shail iorthwith appoint a receiver of said mortgaged property att and sirgutar, includ~ng all and s~rgular the iacome, prolAS, iuues and revenues from whatever source derived, each and every of wh~ch, if being expressly understood, is hereby morfgaged as if specifically set forth and described in the granfing and habendum clauses hereof, and suth Receiver shall have all the broad and effective funtt~ons and powers in anywise entrusted by a Gourt to a Receiver, and :uch appointmenr shati be made by such Coun es an sdmiited equity and a matter of absolute rigM to said MORTGl+GEE, and without referente to the edequacy or inadcquacy of the value of the property mortgaged or to the soivency or insolvency ot said MORTGAGOR or the defendants, and that such rent3, pro(its,.income, isaues and revenues shall be appfied by such Receiver according to the lien w equity o1 aaid MORTGAGEE a~d the prattice of suth Courf. ' 8. To duly, promptly and fully perform, discharge, execufe, eifect, comp(ete, comply with and abide by each and eve?y the stipulations, agreements, condiYans and covenants in sa~d p?omissory note and this mortgage sM iw~h. , 9. That in the event the ownership of the mwtgagtd premises, w any part thereof, becomes vested in a person othe~ than the MORTGAGOR, ~the MORTGAGEE, its successws and assigns, may, without nofite to the MORTGAOR, deal with such successw w successor in interest with ~eference to this mortgsge and the debt hereby secured in the ssme manner as with Mortgagw witFwut in any way vitiating or d~scharging the Mortgagors' liability he~r under u upon the debt hereby aec~red. No sale of the Fremises hereby mortgaged and no forbearance on the par~ of the MORTGAGEE or its s„ccessws or auigna and no exten:ion of the time for the payment of the debt hereby secured given by the MORiGAGEE or its succe:s«s or au~gns, sfiall operote ro release, d~xf~arge, modify change or affect the orig~nat liab~i~ty of rhe MARTGAGOR herein, either in whole or in pa~t. 10. If is specifically agreed that time is o~ the esscnce of thi~ comract and that no waive~ of any obl~gatioo hereunder w of the obligaYion se- cured hereby shall at any time ?hereafter be held to be a waiver ot the terms hereof or of the instrument secu~ed herby. 11. In add~tion to the forego'ng monthly payments of princ pal and interest required by the promissory note secured hereby, mortgagor covenants ar,d agrees to pay to mortgagee wirh each monrhfy payr~,ent an add~rional sum esrimated by mortgagee to be equal to 1 f 12 of the annual cost of the follow- ing: A-All rea{ property taxrs levied or assessed agai~st the above described real estate. B-Premiums on fire and windstorm insurartce as herein requ~red to be carried on the in~proveme:?ts s~tuate on the above described p~emises. C-Premiums on such mortgage guaranty insura{~ce at morsgagee shal! rcm t;me to time deem fit to carry on the loan secured hereby. Mwtgagee shail from time to t~me netify mortgagor in writ~ng of the ~amount due and payable hereunder and such sum shall thereupon be due and ~ayabfe on the due date of the next monthiy payment and each successive month tnereaiter ur.til mo~tgagee shall notify mortgagor of a change in s~ch amount. Such sums shail be applied by mortgagee towa~d rhe paymenf of rea! property taxes, insurance prem;ums, and mortgage guaranty insurance p~emiums. IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand a~d seat the day and yea rst aforesaid. Sgned, Sealed and delive~ed; in the presence of: ~ ~ , f sn ' (Sea~ ~ ~ sin e adult ~~q ' ' ~L ' ~Sesn ' STATf Of FLORIDA ~ ; couNn of - St~ T.uc~i P ~ ss. f i Before me personally appeared ~'1~11~ ~ m J Hollowa~, a sinq7 e d[ILl t y~ i ~ ~j(](~j{to me well known and known to me to ba ! the i~dividualKdesvibed in and who executed the fwegoing instrument, and acknowledged before me thatxtheX executed the same for the putposes ~ therein expressed. ]~i30}iBf~[X~ ! }~@~4t]S~]f~ ; ~a~~~xRx~a+~~xx~c~axx~ie~a~t~rs~s~#c~~at~~otaa~e~es~~c+,c~a~a~a~cx oca~~au~eoancac~ent~c°`~'~~~~ ~ ~ ~t x~c~cosawamacocaa~ctiwaxx,~am~xuatxacac~csmset~xaceacmc ~ ~ WITNE55 my hand and official seal this ~JL day ` 'A'p: 19?~ i ~ f : - otary Publit in and fw the o at,~rpq _ My Commssaion eap'ues: Retur~ To: . pU .~AT fIOR~A~t tARGE First Federal Savi~gs 3 loan Associat~on 26~'1 !.1t9~~N E~S.~~~9, 1975 ~ Of fort P:erce. ~ ,'~ruti; ne:a:~~yrlpi u~llerwritara. ` Fort P~erce. Flor~da ~ FILED N, ~ECOROED ~~~~r~~ E ~ ST.I.UC1E r,OUt~T1r FLA. - r~TAT ` RGGE~ : OtTR~S '-c',. •~~~ur~?~~: ; CLf"R C:F:;~~T GOURT : QSRFr,phn v~~°FtEt?~~ ' This instrument Prepared Sy J. H. RObez'ts JZ N ~ First Federal Savings 8 Loa~ Association ~ J~(. 30 3 z3 PM'73 ~ of Fort Pierce , FloY'lda G Checked ey ~ , i [ ` S ~ ~ ~ eooK 216 P~^; 2898 ~ _ _ _ ~ ~ ~ ~ . ~ hj _ 4 ~ ~ ~`~~~-..~~~:~~r~~~ ~