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Home My WebLink About1334 To place and continuously keep on the bui:d~ngs now or hereafte~ ~ituate on sa~d lar+d and on all equipment and personally covered by this matg- ~gs, with al) premi~ms thercon pa~d in full, fire insurance in ~he usual standard poticy form, in a tum ap~oved by the MORiGAGEE, and windstwm insurance i~ tM usual s~andard pol~cy tam, i~ a sum approved by the MORTGAGEE, in such company w compan~rs as the MORTGAGEE may d~recl; and all fir~ and w~ndstorm insurance policiet on any of said build~ngs, a~y infc~est therein w par~ thereof, in the aygregate sum afaesaid or In ~xcess Ihereo/, shall contain the usual standard mo~tgagee clause or such other clauss as the Mw~gagee may requ~~s, making 1he losi unde~ sa~d poli- cies, each and every, payable fo said MORTGAGEE as its iroeres~ m~y appes?, and esch and every such poiicy shall be promptly ass gncd and deGve~ed ~o sny held by said MORTGAGEE as fur~her iecu~ity ~o said matgage debl, and, no~ leu 11?a~ te~ (10) days in sdvance o( Ihe exp~ration of e~ch policy, ~o da livtr fo uid MORTGAGEE • renew~l thereof, togethsr with a rece~pl fw ~he premivm of iuch renewa ' and there shall be no f~re or windsrorm insurance pl~ced on any of said buildings, ~ny intere~f therein o? part thereof, unless in ths fwm and with tKl~oss payable as afore~aid; snd in Ihe event any sum of money becomes payable under such policy w polKies wid MORTCAGEE shall have ~he opt~on to rete~ve and apply the wme on accounl o( the indebted- ness secured hereby w ro permit said MORTGAGORS to receive and uss i1 or any pa~t thereof for o~her purposes, wnFr~ut th_~rbr waivin3 or m,palr- ing any equity, lien or right under or by virtue of thii mo:tgage; ~r~d in the ~vent iaid MORTGAGORS shall for any reason fail to keep the said p~emlars so insured, o~ fail to deliver promptly a~y of said policies of insurance to sa3d MORiGAGEE, a fail promptly to pay fully any p~emium therefw a in a~y respect fail ro perform, d'+scFurge, execute, elfect, complete, comply with and ab~de by ~hit covenant, a any part hereo(, said MORTGAGEE msy pface a~~d pay ia such Insurance o~ +ny pa~t 1Fercof wi?hout waiving a affectinp ~ny option, lien. equlty, w right under w by vi~tue of this Mwtgage. +nd the fult ~mount of each and eve~y svch payment shall be immediately dve and payable and ahall bear interest from tFa date thereof uroil paid at tM ra~e ol ni~e per cenf~m pe~ annum and to~ether with suth interesl shalf be secured by tM lian of Ihis mo?tgage. ~ 1. To permit, canmit or suf(e~ no was~e, impairmero w deter'roration o( taid property or +ny part theraof. 1 5. To pay all and singular ~he tosts, charges snd expe~ses, irxluding a reasonable attorney'i fee and costs of abstrac~s of titte, inc~rred or paid a~ any lime by said MORTGAGfE, because or in ti+e evenl of Ihe (ailure on the part of the said MORTGAGOR to duly, promptly and fu~ly perform, d~scharge, execute, effect, complete, comply with a~d ab~dr by each and every the stipulations, agreements, conditions, and covenants of said promiswry note and this mortgsge any w either, and ssid costs, chargea and cxpenses, cach a~ eve~y, sMll be immediately due arid psyabte; whether or not there be notice do- ma~d, attempt to collect w svit pend~ng; and the tul~ amount of each and every such payment shall bear inte~es~ irom the date thereof vntil paid a~ the r~te of nine per centum per annum; arw all said costs, charges and exExnses inturred or paid, together w~th such interest, shall be setured by the lien of this mwtgage. 6. That (s) in the eveM of any breath of this 1Nortgage or defa~lf on the part of the MORTGAGOR, a(b) in tM event any of said sums of money herein referred to be no~ promptly and (ylly paid within ~hi.ty (30) days next after ?he same severally become due and payable, without demand or notice, or (c) in the ev~nt each a~d every the stipuiaeions, sgreements, co~dirions and covenants of sa:d promissory notr and th~s morrgage any w eiiher are not ~uly, promptly and fully performed, d~scharged, executed, effected, completed, complied w~th and abided 5y, then in either or any such event the said ag- gregste wm me~tioned in said prom~uory note thtn remaining unpaid, wiih iNerest accrued, and all moneys secured hereby, shall becwne due and pay~ able forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully and completely as if all of the said sums of money we~e oc~ginally it~pulated to be pa~d on such day, anything in sald prom~sswy note or in ~his Mortgage to the contrary notw~thstanding; and thereupon w thereafter at the opt~on of said MORTGAGEE, wi~hout notite or dema~d, suit at law or in equity, thereiore or thereafter begun, may be prosecuted as if sll moneys setured hereby had matwed pnw to ~ts institution. 7. That in the evenf that at the beginning of w at any fime pe~ding any su+t upon this Mortgage, ar to faeclose it, or to refwm it, or to enforte payment of any tlaims hereunder, said MORTGAGEE shall appty to the Court having jurisdiaion thereol tor the appointment of s Receiver, such Court shall (orshwith appoi~t a receiver of said mortgaged property all and singvlar, includ~ng alt and singular the income, profits, issues artd revenues t~om whatever scurce derived, each and every of whKh, it baing expresslp understood, is hereby mor~gaged as +f speufically set ior~h and described in the grs~~ing and habendum clauses hereof, and such Reteiver shall have all the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a ma~~er of abaol~te right to said MORTGAGEE, and without reference to the adequaq or inadequacy of the value of the property mortgaged or to the wivency or insolvency oi said MORTGAGOR w the defendants, and That such renrs, profits, income, issues and revenues sAall be applied by such Receiver according to the lien or equity oi said MORTGAGEE and the practice of such Courf. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each snd every the stipulations, agreeme~is, conditions and covenants in sa~d promisswy note and this mortgage set forth. 9. 7hat in the event the ownership of 1he mortgaged premises, w any part thereof, becomes vested in a perso~ other than the MORTGAGOR, the M.ORTGAGEE, ih auccessws and assigns, may, wirhour notice to the MORTGAOR, deat with such successor a successor in interest with reference 1o this morrgage and the debt hereby secured in the same mann¢r as with Alorrgagw without in any way vitiating or distharging the Mwtgagors' liability here- under or upon the debt hereby secured. Mo sale o( the p~em;ses hereby mortgaged and no iorbearan~e on the pan of the MORTGAGEE w its successors or assigns and no extension of the time fa the paymero of the deb~ hereby secured given by the MORTGAGEE or its successws or auigns, ahall operate rc release, diuharge, modify change or affect the ori9inal liabitity of fhe MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obligation hereunder or of the obligation se- cured hereby shall at any time thereaher be hefd to be a waiver of the terms hereof or of the instr~ment secured herby. Il. In addation to the forego:ng monthly payments of princ'pal and interest requited by the prom~ssory nole secured hereby, mortgagor covenants and agrees !o pay to mo:tgagee v`~th each mwethly payment an add~tional s~m estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All real property taxes tevied w assessed against the above deu~~bed real estate. B-Prem~ums on fire and windstorm insurar.ce as herein requ:red to be ca~ried on the ~mproveme~ts sitvate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mwtgagee sfiall from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and ' Fayable on the due date of the ~ext month:y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ amo~nt. Such sums sF.ali 6e applied by mortgagee toward the paymero of real property taxes, iosurance prem:ums, and mwtgage guararoy insurance premiums. ~ ~ IN Y/ITNESS WHERFOF, t said MORTGAGOR has ereunto set his hand and seal the day and year ' t a wesai ' 4 ~ ned Sealed apd d ' th esence f: ~ % a4 ~ i =1eS5 R L aq ~ ~•v~~.. ~ • ~ - ~ a~ ~ Witness Ro a . Meek ~ ~ S~ATE OF FLORIDA Sti • Ll1C ~A ~ SS. couNn oF Beforo me pcnonally appeared Robert I.. M@@IC e~ ~ ROSd B. M~k his wife, to me well known ard known to me to be ! the individvals descr~bed in and who executed the fweg instrument, and acknowledged before me that they executed tF~~~~, for the p~rrposes Rosa B• Mee c~ i - therein expressed_ And the sai , " ~ - ; , i~ NHe of the sa~d Robert L. Mee ~,~•g•;~~~~j ~~ate r examination by me taken separate and apart from he? said husband, ackrawtedged to and before me that she executid'~aLd~instry~e~t ff~glf"~7d v~olYr?~ ~ tar~ly and without any computsio~, constraint, apprehension, ot fear of w from her ssid husband. ' 1 f~ ~ j~?L „ ~ WITNESS my hand and official seal this Q~- day of ALa~et _ q, t,+. ~i "~,s - , : ~ ` =i . Notary Publit in and fw tbe ~$f ~ o Y dt I~r@e ~ s; My Commiuion expires: • . • ~ t ~ ' ~ ~ Return To: . t~ of•Fh~~ ~ ~iO~ ~ ~ Fint Feder~l Savings d~ loan Association NMory ~vb~~+ b~Pl i ` f X O( fort P!erce- My C~~pts;on Ex~if~a:At~• ~Q+ lv } fort P~erce. Fbrida br A,,,~rican F"K~ a Co?uo~w G~ ~ ~ - ~ J. N. Roberts Jr. FILED~'~ -`-c~~DE~ ~ This Instrument Prepared By r ST. ~~~~E . ~;;~yTY FLA. First Federal Savings 8 Loan Association . aA5 ~ of Fort Pierce ~ Florida T CQURt ~ F:r'{ " .~s ~ Checked By ~uC ~G ~ Z1 ~ t 2 IJ ~ ~ • ' ~ SOOi( ~~Z~ ~ # ~ _ - - - - - t Y ~ ~ ~ ~~~~-..`s.£ ~e.-'-- _ ~ -