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Home My WebLink About2901 J. io place and continuously keep on thr bui!d~ngs now a here~iter sit~at~ on taid fsnd and o~ ~~1 equ~pr~rnt and pcrwnally tove~ed by this mortg- sge, with sll premiums thercon pa~d in tull, fire insurance in ~he usual ~~ande~d policy fwm, in • sum approved by ~he MORiGAGEf, and windsram i~sur:~~ in ~he usual iUndard pol;cy torm, in ~ sum approved by fhe MORIGAGEE, In such comp~ny or compan~e~ ~s ths MORiGAGEE may direct; and all fir~ and w~nd~~urm insurance poliues on any of sa~d build~ngs, a~y intaresl therein or parf Ihereof, in tl+~ +ggregate sum ataetsid o~ In ~xcess lhereof. ~hall contain the usual slandard matgagee tlauss w such other cl4uss as tht AAortgages may rcqu~ro, matinp Ihe loss unde~ sa~d po~i- cie~, each ~nd every, payabls to said MORTGAGEE as ~ts interett may appea~, and each and every such pol~cy shall 6e p~omptly ass.g~ed and del~vered io ~ny held by iaid MORTGAGEE ae fu~~her tec~rity to said mort9age debt, and, no1 less than ten (101 dayt in advance ot t1~e expiration af each policy, to de- liver to said MORTGAGEE s raaewal thereof, toQe~hei wi~h a rete~p~ for the p?smium of iuch renewal; and ~hero ~h~ll bs ra firo c~ w~nds~o~m in~urance pl~ced on •ny of said bvild~ngs, any intere~l therein a parl thercof, unless in the form and wilh th~ Iws payable a~ afwoseid; snd i~ the evenl any sum of monsy becornes payable unde~ such policy or pol~cies uid MORTGAGEE shaN have the option fo receivn and apply the ssme on account of Ihe indebted- neu aecured hereby a to permil said MORTGAGORS to rcceive and use it or any pan the~eof fo~ other purposrs, w~~ho~~ th_r.b~ waivi~~g or ~~~~p.~ir- ing any equity, lien w right ~nder or by virtue of this mortyage; snd in the event sa~d MORiGAGORS.shatl fw any reason fail to keep ihe s~cd premi~es io insured, or fail ro deliver promptly any of sa;d polic;ef of insursncs 1o taid MORTGAGEE, w fait promptly to pay fully any pre~nium therefw w in an~ respett lail b pe~(am, dischar9e, ezecute, e(fett, complele, comply with and abide by thii covenanl, a any parf hereof, said MORiGAGEf may place and pay fa suth in~urante or any part Ihereof without waiving or •ffectirty any optio~, lien, equity, or right under a by vinue of Ihis Mwtgage, a~d the full amouM of eath ~nd av~ry iuch paymcnt shall be immediately due a~d payable and shall bc~r inlereat (rom the date the~rof un~il poid at the rate o1 nine per tentum per an~um and together with such interest shall be secured by the lie~ 01 this matgage. 1. To permil, tommit w suf(er no waste, imp~irment p deteraratio~ of said property o~ any past thereof. 5. To pay all and singular the cwts, chaiges and e~cpensee, +ncluding a reisonable attwney'a fee and costs of abstrads of title, incurred or paid at eny time~by said MORTGAGEE, because w in the event of the failu~e o~ ~he part of ihe said MORTGAGOR to duly, promptly and fully perform, diKharge. execute, e(fett, complete, comply w~th and a6ide by ea:fi and every the ~tipulst~ons, agrerme~rs, conditions, and covcnants o1 said promiuwy note and this matgaga any w ei~he?, ar~d said costs, charges and expenses, cach and every, shall be immediately dve and payable; whe~lxr a not there be nor;ce d~ mand, ~ttempt to collect or suit pendi~g; and the full amovot of each a~d every such paymem shsll bear interea~ from t1~e date rhereof until paid at the raee of oine per centum per anuum; a~d all said costs, tharges and ex~nses incurred or paid, togNher w~th such interest, shall be secured by the lieo of thii mortpspe. 6. Thst (a) in the evenl of any breach of this Mwtgsge or deiault on the pa?t of the MORTGAGOR, w(b) in the event any of said sums of money herein refe~red to be not promptly and fully paid within thirty (30? days ne~f after Ihe same severally bccome due and payable, without demand w ~otice, or (c) in the evenl cach and every the stiputa?ions, sg~erments, condi~ions and covenants of sa:d promiswry note and th~s mwfgage any w ei~her are not ~uly, promptly and fully performed, d~scharged, executed, effected, compteted, compl~ed w~rh and abided by, then in e;~her or any such eveM tF~e taid ag gre~ste sum mentioned ia said promi»~ny .~:,~e :Fca:. ::^.E.^.ing csr.;,~E-±, rr.!h in!erest acc.url, and atl moneys setured hereby, shall become due and pay- a61e fwthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely aa ii all af the said aums of money were w~ginally stipulated to be paid on wch day, anythirsg in said promiuory note o~ en fh;s Mwtgage to the contrary ootwithstanding; and thereupon or therrafter at the option of said MORTGAGEE, without not~ce or demand, suit at law w in equity, th¢refore w thereatte? begun, may be prosecuted as if all mw?eys secured hereby had rtutured pnot to ~tf inslirution. 7. That in tF.e event that at the beginn~ng of or at any tirtK pe»d'~ng any sui! upon ?his Mwtgage, w to faeclose it, w to reform it, a to enforce payment of any claims F+e.eunder, said MORTGAGEE shall apply to the Court having jur~sd~d~on thereof fw the appointmen~ of a Receiver, such Court shall Forthwith appoint a rcceiver of said mortgagcd property all and singular, inctud~ng atl and singular rhe income, prol~ts, issues and revenues from whataver source derived, each snd every of wh~ch, it being expressly unders~ood, is hereby mortgaged as if spec~fically ut forth and deuribed in the y~anting and habendum clauses hereof, and such Receiver shall have a~l the broad and efiective funcnons and powers in a~ywise emrusted by a Cou+t to a Receiver, and such appointment sha~l be made by such Cou~t as an admitred equity and a mat?cr of absolute right to said MORTGAGEE, ard without ~efererxe Io the edequacy or inadequacy of the value of the prope~ty mo.tgaged or to the soivenry or insolvency o( sa:d MORTGAGOR a the defendants, anJ Ihat such rents, profits, income, iuues and revenues shall be applied by such Receiver ac~ord~ng to ~he lien w equity of said MORTGAGEE and the practice of such Cov~t. S. To duly, promptly and fully perform, discharge, execute, effed, complete, comply with and abide by each and every the stipulatior+s, agreements, conditions and covcnants in sa~d promisswy note and t{iis mortgage set iwth. 9. That in the event the owne~ship of the mortgageci premises, or any part fhereof, becomes vested 'en s person other than the MORTGAGOR, the MORTGAGEE, its succeswrs and aisigns, may, without notice to the MORTGAOR, deal with such succeuw a successor in interest with reference to this mortgsge and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mo?tgagors' liability herr under or upw~-fhe debt hereby secured. No sale of the pr~mixs hereby mortgaged and no forbearance on the part of the ti10RTGAGEE w its successors or assgns and no extension of the time fw the payment of the debt hereby secured given by tFx MORTGAGEE or its succtssors w assigns, ahall operate Io releax, diuharge, modify change or affect the original tiability of the N10RTGAGOR hcrein, either in whole o~ in psrt. 10. It is specificatly agreed that time is of the e:se.~+ce of this contract end that no waiver of any obligation hereunder a of the obligatan sr czred hereby shall at any time thereafter be held to be a v~aiver of the terms he~eof w of the instrument setured herby. 11. In additio~ to the foreyo:ng monthly payments of princ'pal and interest requ~red by the prom~ssory note secured hereby, mortgagor covenanis and agrees to pay to mortgagee w~th eath momhly payr~~ent an add~rianal sum es:~n,ated by mortgagee to be equal to 1; 12 of the aonual cost of the follow- ing: A-All real property taxes leiied or assessed agai•~st the above deurihed real estate. B-Premiums on fire and windstorm insurar.ce as herein requ:red to be carried on the ~maroveme~~s situate on the above described premises. C-Premiums on such mwtgage guaranty insurar.~e as mortgaqee sha~l from t%me to time deerts fit !o tarry on tne loan secured {wreby. Mortgagee shai! 'from f~me to time notiiy mortgagor in writing of the amoum due and payable hereunder and such sum shall thereupon be due snd Fayable on the due date oi the next monthty payment and eath successive month thereafter urtil mortgagee shafl notify mortgagw of a change in such amount. $uch sums sF.all be applied by mortgagee ~oward the paymenT of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and yea first aforesaid_ Signed, Sealed and deliver yn the presence of: / - ~ ~ a~~ ~ e ~ ~ La ra B. Hancock, a ($ean ~inqt e aCIL1 t (Sesq , lSeaq srArE oF Fcaaroa ~ couNnr oF St. Lucie f eefore me personally appeared - I,3t2rd B. HSriGOC}C~ a sinqle dClUlt ~ ~ ~~{y4~, to me well known and krwwn to me to be ! 1he individuaj{ desuibed in and who exewted the foregoing instrument, and acknowledged before me that9he,y executed the same fpy the purpose~ t therein exp~essed. XAS~B~KYu~ - ' i iic~]f~~biCBa18 ~ ~oa~rrxooxx,xa~acaa~c~~cacxae~x~c~xacxac~a~ca~xaEacx~~xacxxx~K~~acx~x~~x . ~~x ~ i k7~~cx~l:xit~x~tx~~~x~x~x~x ~ ~s~x~[~xk~M~c~a~ WITNESS my hand and official seal thiL~'/ day of .:~A3:' ~qG . Q: ~ • ' tary Public in and fw 1M ' at~iargi _ ~ ~ y Commission expires: L Y - i Return To: . ~ ' ; First Federal Savings a loan Association M~~" ~~E Q~~~1~Dd ~'u~ O( Fo~t P~erce. ~6U134 MY CO!Ak4{cs~(1~J'-Ey~r•r(` ,~~y~ 1975 g(i!il~t'j j~:'J _ . .T ~ Cti~. / ~1.1 il.•. ~~~:Efw1~2E/3. Forf Pierce, Ftorida ~~~~~t~fl.N+~"r ~ F lED ~t~~~ AEC~iRDEO ~i ~ " ~ ' s~.lUC1E ~.JUNTY FLA. ~_~y ~ R~ +c' C;TRRS !Y ; This Insfrument Prepared By John W. CO111II5 qFr~Ft i i:`~~ ~CURT ~ F+rst Federa) Savings & Loan Association of Fort Pierce, FlOri.da ~UL 3 zs P '73 Checked By ~ ~ ~ > t ~ ~ go~216 S~~ : , : - - - - - ~ ~ ~ ~ ~~-:5; ~ ~ _ - s-.; ~ ._.4s.~ ,..u... _ _ , _ _ _ ~ r_< r~ .<i:~y,- -