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Home My WebLink About2796 To pl~c~ and con?i~~wuily kcep on ~he bui!dingi now w Mreaiter ~~twt~ o~ ~a~d I~nd and on ~II equ~pmsM ~nd pe?wnally cov~red by th1~ morty- p~, with ~I) pr~miums ~hereon paid in iuil, li~e i~surancs in ~he usv~l st~ndard policy fwm, in a tum ~pp~ovsd by ~M MORTGAGEE, and wind~tam insur~nc~ in ~!y uswl t~andard pol~cy (orm, in • tum ~pprov~d by tM MORTGAGEE, in s~?th compa~y w tompanies as th~ MORTGAGEE tn~y dinclt ~nd all fir~ and wiMb~am inwra~ce policies on any of ~a~d bv~ld~r+y~, any in~ae?t ther~in or part ehereoi, In fM aQ9?eya~e Wm ~fot~~aid or in ~xuss therwf, aMll contain th~ utval standa~d mortpapa claua w iuch o~Fw~ ciaus~ u ~h~ Mortpag~e may rp~u~, ma?irg ths loss under sa~d po1F cist, Hch and ~very, payab~t ro~aid MORiGAGEE s~ its inlereit may app~+r, ~nd each a~d tve~y t~ch policy ~ha11 bs p?omplty ass:yned and dNive~ad to eny held by said MORTGAGEE af furtMr security to saed morry~ye debt, and, nW ks~ tFun ~en (10) days in advanc~ of 1M ~xpint~on of exh policy, to dr liws b~aid MORiGAGEE • nnewal therwf, toqHhN with a rec~~pt fw IM prtmium of such renewal; and then shall be no fire w winditorm inwr~na plaad on aey of ia~d b~rildinpi; ~ny interest th~r~in w part tM~wf, unteu ie? tFw form u~d with ti» lou payabk si• ifa~saidj and i~ tM evsnt u+y wm of mon~y become~ payable vnder such policy w polKies said MORiGAGEE shall Mve IM option to receive and spply tM s+me on atcouM of tM indebted~ ; neu secured Mreby a to permit iaid MORTGAGORS to ret~ive and use it p any pa~t thereof ta other purposei, wi~hout lhereb~ waivi+~g w•mpair• i iny ~y puity, 1'ron w right wide~ or by virtw of this mortyagr, ~nd in th~ event iaid MORTGAGORS thall fa aRy reswn f~il w keep ~he iaid p~~m~~es w ; insured, q fail 1o detiv~? pranptly any of s~id polities of insur~+te to qid MORTGAGEE, w fail promptly to pay fulfy any pramium therefw w in a~y r~spett fail 1o pKtam, diuhu9e, exetute, tfiect, compl~re, comply wi~h and abide by this covenan~, a any psrl her~of, said MORiGAGEE may place snd • ~ paY fw tuch teuwantt w any parl thereof without waivinp or affacting ~nY option, li~n. p~iry. a right under o~ by virtw of this Matpa~, and the tull amoum of sach and evtry sucA payment shall be imm~diately dw a~d payable ~nd shall bear imeres~ from th~ daa thereof until paid ~t ~h~ ra~~ ot nirw pN centum pa~ annum and togetAer wi~A auch inre.esi .hau bs secwed by ~M I~en of ~hw mor~~.ga ( io permif, cwrunFr ar tvffe~ ~o wuts, Fmpairrn~M or dete~ioration of said property or ~ny patt thereof. i S. To pay ~ll and str~ul~r 1hs cwh, charge~ a~d expe~sss, includinp ~ reasonsbl~ anorne~'s fee and costs of abstracts of title, incurred w paid ~t any time by said MORTGAGEE, betauss o~ in the sveM of ths fsiluro on th~ part of tM said MORTGAGOR ro du1y, prompNy and lully periam, d~uhargR execute, effacf, comptete, comply wirh and ab:ds by exh ~nd every ths stipulafioen, sg~eements, condit'w~?s, aad covtn~~n of said promisswy note and this t mwtyape any or ~itl?er, and ia~d cost~, charg~s and expensaf, e~ch ~nd wcry, sh~ll bt immadi~~ely dve and payable: whethe~ w r+ot there bs notice dr msnd, attempt to collect or wit pendinp; and tM Iutl snwunt oE eath and eve~y such paym~nt shall bsar interest from tF?s date the~eof until p~id a1 tM ' .ate of n7ne per centum per annum; and aIl aaid costs, chargea and expenus incurred or paid, together w~th such imerest, shall b~ secured by 1M lien of thu ~ mwtp~. ~ 6, Th~t i~ the evsnt of any breach of thw Mortgage u detautt on rhe part of the MORTGAGOR, a(b) in ths ~vent ~ny of s~id sums of mon~y hetein referred to be no1 promptly and tully paid within thi~ty (30) days r+ext after the same saverally become due and payable, withovt demand w notice, { or (c) in the event eacfi and every the stipulationa, sgreementt, cond~tions and covensnrs of sa~d pro.~~issory nore and th~s matgsge any or either are nol j iuly, promptly and futty perlwmed, d:uFwrged, execu?ed, e(fected, compkted, complied with and abided by, then i~ either w~ny such event the said aQ~ gregate wm memioned in said p?omissory note Yocn remaini~g unpaid, with i~terest acuued, and ali moneys secured hereby, shall become dw end pay~ ; abie forfhwith, or thereafeer, at tF~e oprion of said MORTGAGEE, as (uUy and complerely as ii sil of the said wms of money were w~gin~lly sripulatcd ~ to be pa~d on such day, anything in said promiuory note or in this Mortyage to Ihe conrrary ratwithstanding; and Ihereupon w the~eafter at the opt~on of ~ sa~d MORTGAGEE, without norica or demand, tuit at law or in equity, therefw~ or thereatter begvn, may be proxc~ted ~s if all mor?sys secured hereby _ ; had matured pnw to its insterufion. ~ 7, That in ths evenl that at the begin~ing of q at sny time pendir+g any suit vpon this Nbrtgage, w to foreclose it, or to reform it, a to enfwu ~ payment of any claims hereunder, said MORTGAGEE shall apply to the Coun having ju~isd~c~ion thereof ior the eppointment of s Receiver, suth Cou?t shall ~ forthwith appoint a receiver of said rtwrfgaged p?ope~fy all and singvlar, includ~ng all and tingular the income, profils, issue~ and revenuas irom whatever source derived. each end every of whKh, it be~ng expressly understood, ia hercby merlgaged as if apecificalty set fwth and desuibed in the ~~~nting and habendum dauses hereof, and such Receive~ ahall have all the broad and effecrive funct,ons and powers in anywise entrusted by a Cwrt to a Receiver, and ` such appointrt+ent ahall bc mads by such Court as an admitted equity and a matter of ~bsolute ~ight to ~sid MORTGAGEE, and without reference to ths ~ edequscy or inadequacy of ~he value ot tfie property mortgaged or 1o the sorvency p insolvency of said MORtGAGOR a fhe defendants, snd that such ~ rents, profin, intoma, iuues and revcnues sha~l be applied by such Reteiver atcwding lo the iien ot equity of said MORTGAGEE and the prattice of suth ~ Court. E : B. To duly, promptly and fully perfo~m, disc?~arye, execute, effect, complete, comply with and abide by each and every fhe stipviataru, agreements, ~ conditio~s and covenams ~n sa~d promissory note and this mortgage set forth. ~ 9. That in the event !be ownership of the mortgaged prcmiscs, w any part thereof, becomes vested in s person other thsn tF~e MORTGAGOR. the ; h10RTGAGEE, its aucceuors and assigns, may, wiihout notice to the MORTGAOR, deal with such successor a successor in interesf with reference ro this + mortg~ge and the deb~ hereby secured in the same manner as with Nb~tgaga without in any way vitiating or dixharging 1he Mortgsgon' li~bility here- j under w upon the debt here6y secured. No sale of ~he prem~ses hereby mortg~ged snd no fwbearance on the part of the MORTGAGEE or its successors ~ or auigrn ar+d no extension of the time fo? the payment of the debt hereby secured give~ by 1he M~RTGAGfE or its successors or auigna, shall operate ~ to release, discharQe, ~nodify chan9e a af(ect the original liabiiity of the MORTGAGOR herei~, eithe~ in whole w i~ part." 10. It is specifically agreed thst time ii of the essence of this contract and that no waiver of any obligation hereunder or of the oblgation se- cvred hereby shall st any time thereafter be held to be a waiver of the terms hereof w of ttx instrument secured herby. t 11. In add~tio~ to the forego:ng monthfy paymen~s of princ'pal and interesr required by the paomissory note secured hereby, rtwrtgagor covenants ~ and agreef to pay to mortgagee v~ith each momhly payn,ent an add~~~onal sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- ~ ing: j A-All real property taxes levied or assessed against the above described real estate_ ~ B-Premiums on fire and windstorm inswance as herein requ~red to be car~ied on the improveme~ts situate on ihe above d~saibed premises. ~ C-Premiums on such mwtgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. i Mortgagee shall from eime to time notify mo.tgagor in wriring of the amount due a~d payable hereu~der and iuch sum shall thereupon be due and ; Fayable on the due date of ehe ~ezt monthiy payment and each successive month thereafter ur.ri! mortgsgee shall notify mortgago? of a change in svch amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and matgage gvaranty insunnce p~emiums. . IN WITNE55 WHEREOF, the said N{ORiGAGOR has hereunto set his hand and sea! the day and year first aforesaid. Signed, Sealed ars~ delivered in the preserxe of: n witness• C A. Lea ~ n witness : f~.., ` Sf ie I. Leap ~~~n - s STATE OF YORK ~ ~ S5. i COUNTY OF ! Beiwe me Ily sppeared Cyrus A. 1.@~1p a~ j Ef f ie I. ip his wife, to me well known and known to me to bs . ~ the individusls deur~bed in snd who exec~~ed rhe fwegoi~g instrument, end acknowledged befwe me thaf they executed ~he same for the purpme~, ~ therein expressed. And the sa~d gffie I. Lsap - .y~,=";' ` u s ,`~/I///ii~~•` E +vife of the said _ ~S/YUS A. 1.6dP s~yy . exam.nat~on by me taken uparate snd apart from her said husband, acknowledged to and befwe me that she exec~ted said instrums~~~i~n-= ' ; ra~;ly and w~thout sny compulsion, constraint, spprehens+on, ot feu of or from her ssid husband. j WI1NE55 my hsred snd offieial seal this day of /+U 115t • ~s . - -Q ` S ~ + ;9. O : `3~~1 ~ ~ = Notsry Public in and for the State of r, ' a; My Commiu'an expires: j•~. ; a ~ i Retoro To: ~..:T : ; Fir:t Federal Savings 3 iosn Association ~.~!''~:;.';:..'r'~~.,~i~~, Of Fort Pierce. - ~ • ~ , t ~ Fort Pierce, Florida N~ry ~~R C. PA~}{~-.;,~~V ~~~~r/f , ; . State ot New ; Na 52.30271pp SuHppk } t~rm Explr~ Ma~ ~p. 197a- This Instrument Prepared By J. He,l RobeYts ~ JY. First Federal Savings & Loan Association ; of Fort Pierce r Florida f!lEd Al10 RtCpRpEp 26 ~ ST.lUC1E COUMTr PIA. ~a5 - ROCfR ?OITRAS ~ ± Checked 8y ~ CLEkK Cl~~CUtT COUII? t~ i ; RECARU VE~!f~EO~ 't ~ eooK217 Pac~z787 A~ 1~! 9 w6 AM'1~ E ~C~'~-~-~ . _ ~ ~ _ ~ _ _ _ - ~ l _ . _ ~ . ~airr-~-'a~.= ~'s.