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Home My WebLink About0518 To place and continuously keep on the bu~!d~~~gs now or herea(ier ~~fuaie on ~a~d land and on all equipment ~nd pertonally tove~ed by this matg- sg~, with sll premiums tAereon pa~d in full, fire ins~rance it? the ~s~al stardard policy form, i~ a sum approved by rhe MORTGAGEf, and windstwm inswance in rhe usual srandard pol;cy fam, in a sum approved by Ihe MORTGAGEE, in such company or companiei ~s the MORTGAGEE m~y d~rech ~nd all fire and w~ndstorm insurance policies on ~~y of said build~rqs, any interesl therein or pa~t thereof, in tM aggre9ate sum ~fwetaid w in exceu thereof, shall contain tM usual standard mortgagee clause a such other cfauss ss ths Matgagee aney req~ire, making the iosa under sa~d poli- cies, each and every, payabta eo said AAORiGAGEE a~ ~ts in~erest may appear, and each and every s~ch policy shalt be prompfly ass.gned ~nd de!ive.ed ~o any held by ssid MORiGAGEE as fur?he~ ~ecurity to said mwtg~ge debt, and, oot leu than ten (10) days in advance of rhe expi~at~on of eacb pol~cy, to de- Ifver to said MORTGAGEE a rtnewa! thereof, Ioge~Mr wi~h a receipt for ~he premium of svch renewal; and ~here shalt be no fue or windsiorm insurancs p~+ted on ~~y of said buildings, any interest thrrein or p~rl thereof, onles~ i~ ~ht form ~nd wi~h tF+~ loss p~yable ai afwesaid; snd in ~he evenl any sum of money becpmes payable unde~ such poticy w ryolKies wid MORTGAGEE shal! have ~hs opt;on to rcceive and apply the same a? accoum of the indebted- neu secured hereby or ro pe~mit said MORTGAGORS ro ~eceive and uss il a any part thereol foi o:her purposes, v.~~hout tha~eu~ wai~i~~g or unpair- ing a~y equ~ty, ~ien o~ righl u~der or by virWe of this mortyage; a~d in the event satd MORTGAGORS shatl for any reaion las) fo keep the said premises w insv~etl, w fai) fo deliver promp~ly any of said polities of insu~ance to said MORTGAGEE, w fail promptly to pay fully any premium therefw p in a~y respect fail to psrform, d~scharge, executs, efiect, complete, comply with and abide by thi• covenaN, a any part hereof, said MORTGAGEE may place ar,d pay fa such Insu?ance w~ny r:*f thereof without waiving w affecting any optian, lien, eqvity, w rigM under a by virtue of this Mo~tgspe, aad tMt full amoun~ of each a~d e~-ery such payment shall be immediately due and payable and shall bear interest from ~he date thereof until paid at the rate ot nine per centum pe~ annum and to~r~her with such intcrest sha(1 be secured by ihe tien of this mwtgage. . 1. To permit, commit a svHer no waste, impairment w deterioration of said propeity a any parf thereof. S. To pay all and singular the costs, ciwrges arx! expenus, including a?easo~able sttwney i fee and costs of abstrads of title, incurr~d w paid at any time by said MORTGAGfE, bccause or in the event of the failure on the part of the said AIWRTGAGOR lo duly, promptiy and fully perform, diuharge, execute, effect, comptete, compty w~th and ab:de by each and every the stiputations, sqreements, conditions, and covenants of said promissory note and tfiis mor?gage any or either, and sa;d costs, charges and expenses, each and evcry, ihatl be immediately due and payable; whether a not tlxre be notice d~ mand, attempt to co11et1 pr iuit pending; ar?d the (ull amount of each and every svch paymem shall txar interes~ trom Ihe date thereof unri! paid at the ra+e of nine per centum per annu,»; arr! all said costs, charges and expenses inturred or paid, together w~1h such interest, shall be utured by the (iee of tbi~ mortgsgs. • • 6. That (al in the event of any breach of this 1Nortgage o~ default on tM part of the MORTGAGOR, w(b) in the event any of said sums of monsy herein ref~vred fo be not p~omptly and fully pait) within thirty (30) days next aiter 1he same severa:ly become due and payable, without demand w r?otite, _ or (c) in the event each and every the stiputations, agreements, co~+dit~o.,s and covenants of sa~d promitwry no~e and th~s mwtgage any a either a~e ~ot ~uly, piompNy and fully per(ormed, d.xharged, executed, effected, compfeted, complieci wirh a.x! ab'rded tiy, then in e;ther or any such eveM the said ag~ gregate sum mentioned in said promisswy.note thcn remaining unpaid, witA interest accrued, and all moneys secured hereby, shall become due and pay- abte fathwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of Ihe said sums oi money were originally stipulaf~d ro be pa=d on s~ch day, anyfhing in sa;d prom~uwy note or i~ this Mortgage to the convary notwithstanding; and ~he?eupon or lhereaftH a~ the opt~on ot sa~d MORTGAGEE, without notice or dema~d, wit at law o? in equity, therefwe or thereafter begun, may be prosec~ted as if all moneys secured hereby had matured pr~or fo its inititution. 7. That in fhe event that at the btqirtning of or at any t;me pending any suit upon this Mortgage, w to foreclose it, or fo reform it, or to e~fo.ce payrrKnt of any claims hereundrr, said MORTGAGEE shall apply to the Court having jurisd~ction thereo[ for the appoi~tment of ar` Receivev, s~ch Cou?1 sha{I Forthwith appoint a receiver of said mortgaged prpperty att and singular, includ~~g all and singular the irscome, profits, issues and revenues irom whatever ~ source derived, each and every of whrch, it be~ng expressly underseood, is hereby mor~gaged as if speu}ically set forth and dewibed in the granting and habendum clauses hereof, and such Receiver shall have all the broad and effective funchons and powers in anyw~se entrusted by a Court to a Receivtr, and s~ch appoi~tment shall be made by such Court ss an admitted equity and a matter of absolute right to safd MORTGAGEE, aod withoul rcference to the adeqvaty a inadequaq of the value of the property morfgaged or to the w~venty or msofvency of said MORiGAGOR a the defendants, and that suth rems, prof;ts, income, issves and revc~ues shait be applied by :uch Receivrr according to the I+en or equity of sa;d MORiGAGEE end the practice of such Court. B_ To duly, promptly arx! fully perform, discharge, execute, effect, complete, comply with and ab~de by eath and every the stipulations, sgreements, conditions ar+d covenants in aa~d promissory note and this mortgage set forth. 9. ihat in the event the owne~ship of the mortgaged prem;ses, or any part thereof, becomes vested in s person other than tF+e MORTGAGOR, the MORTGAGEE, its successors and assigns, may, w~thout notice to the MORiGAOR, deal with such successo~ w successor in interest wifh reference to this mortgage and the debt hereby secured in the same manner as wiflf Mortgago? w~~hout in any way vit~aring or d~xharging the Mwtgagors' liability ~ero- e,r.de~ p upon f}~e~ debf hereby secured_ No sale of the Fremises h:reby mortgaged and no fwbearance on the part of the MORTGAGEE w its su~cesson or assigns and no extension of the time fo~ the payment of the debt hereby secured 9ive~ by the MORTGAGEE or its svccessws or au~gns, shall Op~rate ~o release, d~scharge, modify charge or afftct rhe origi~al liak~liry of the MORTGAGOR herein, eithes in whole or in part. 10. It is specifically agreed that time is of the esunce of this cor~tract and that no waiver of any obligatio~ hereunder or of the obligaYan se- ~ cured horeby shall at any time thereafter be hetd to be a waiver of the terms hereof or of tF?e instrument secured herby. y 1 t. In add~tio~ to the iwego"n~ monthly paymsnts of princ pai and intrrest required by the prom~swry note secured hereby, mortgagor covenants and agrees to pay to mortgagee w~rh each monrh!y payrnent an add+~rortal sum est„nated by mortgagee to be equal to 1; 12 of the annual cost of the follow- in~: ~ A-All real property taxes tevied or assessed agai~st the above descri5ed real estate. B-Prem~ums on fire and wir.dsrorm insurance as herein requ:red to be carried on the improveme~ts s~tuate on ihe above dsscribed premises. ~ C-Premiums on s;NCh mortgage guarenty insurance as mortgagee shail from time to time deem fit ro carry on the loan secured hereby. Mortgagee shall from time to t~me notify mortgagor i~ writing of the amount due and payable t~ereunder a~d such wm shall thereupon be due and Fayable on the due date of the next month!y paymcnt and each ;uccessive month thereafter ur.til mortgagee shall notify mortgagor of a change in suth ~~•~ount. $uch zums sFa~l be applied by mortgagee roward !he payment of real properiy taxes, insurarxe prem:ums, and mortgage guaranty inwrance p•emiums. ! IN WITNE55 WHFREOf, the said MORTGAGOR has hereunto set his hand and seal the day and vst aforesaid. Signed, Seated and deiivered in the presence of: r` ~ ah ' cha rd ~4. ' Sbu an • Ursel p. Sa lisbury I STATE Of fLORIDA ' i COUNTY OF St • L,LLC1@ ~ ~ # Before me personally appeared Fiehard Salisbury ~ ~ •IiNN . e (JZSQI P. Sal1SbIIZy his wife, to me well knownY~~~,'~f~r,ww~~~/y~{r. f0 ~ ~ the individwls described in and wh~ execvted the fwegany instrument, and acknowledged before me that they executed t~ , pn~` for tF~~ ~ rherein expressed. And the said- UrSel P• Salisbury ~t?,.,"f•. ~~-•t-~T,-t+-'----- ; r:ife or t?x ~;a Richard ;N. Salisbury ~~~~~'Y~ : e=am~nation by me taken separate and apart {rom her s id hus nd, atknowtedged ro and befwe me that aFx exe[ufed s~slru ~ ~arily and without any compulsion, constraim, apprehe ' fear of w from her said husband. ~ p WITNESS my hnnd and offic~al sea) this day o' AuCJUSt ; c!~ ; ~ % ' . ~ ' I • ~ V~ ~ . Notary Public in a or the State o7',flor'~~~ir~c ~ My Commiuion expires: " ~At G Retum To: '~~.•~,K,,,, First Federal Savings a loan Association O( fo~t P:e~ce. M~TAttY PUBUL`~ ST11TF a/ C[Ql~p~ ~ LARGE Fo~t Pierce. Flor~da ~µl~'QN EXP~RES J/CII: 7, 2S17 a"'~~ 8~nkett Intuqn~ .a t 26Q5~'~ This tnstrument Prepared By ,John W. Collins First Federa) Savings 8~ Loan Association F~L~~ MYr V' of Fort Pierce FlOridd S7.L~1I~ `e`'~f0 ' ! Y . L~.7~.~I ~ 1 Checked By~_ ~,r~ :a, _ ; ~:~~RT I„ . I(I p R q ~UC 0 ~t ~o 80~JK ~G?~ ~ PACE 514 ~ ~~~r~~ . . . - ~ . _ . . . ~ ..ti;:~.r'&~