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Home My WebLink About0846 To place end continuousiy keep on the bui'd~~.~s now o~ hrreaiter f~iuate on sa~d ~and and on a~l eqvip~nrnt and personally covered by th~~ mor~g- sge, w~th all prenu~ms thereon pa~d i~ fuil, f~re insure~ue u~val s~or+dard po~ity form, in a ium appro~ed by the MORiGAGEE, and w~nJa~o~m ~nsurance in the usual s~andard po~~cy form, in ~ sum approved by ~he MORIGAGEE, in such company o~ co~~pan~e~ as the MORTGAGEE may di~ecl; and all {irs and w~ndf~orm insuronse po~~c~es on a~y of said buiid~n~s, ~ny intsrest therein or part thrreof, in the a99rega~e •~m •to~esaid or in e:cess ~hereof, shell :onta~n ~he usual ftandard mo~~gagee ciause a such o~he~ c~auis a~ ~h~ Mortgagee may requ~re, mak~r,g ~he lou under ~a~d po~6 cies, each and every, payab~s to said MORiGAGEE as its in~errsl may appear, •n~ each and every auth policy shalt be promplly a~s gned and detivered ~o sny held by said MORiGAGEE as (u~ther secur~ty to sa~d mortgage deb?, and, not less than ten (10) dsys in advance of the expirat~on o1 each polity, ro do- liver to ~aid MORiGAGEE a renewal thereof, toge~her with a reteipt fw the premium o1 auch renewal; and thero shall be no f~~e or windawrm insurance placed a? any of said buildings. ~ny interest therein or part thereof, unle?~ in the form ~rxl with the losa payabla as a(oresaid; and ~n Ux event any sum of money ~comes payable undcr such policy a poGc~ea said MORTGAGEE shall have the option to reteive and app~y ~he same on account of ihe indrbtrd- ~ness secured hereby w ro pcrm~t sa~d MORTGAGORS to receive and uss i~ a any pa~t ~hereol for o:~~~r pu~;~osrs, v.~~hwt ~h_~<<,f \YL~YI•1~ or ~~~~p.,~.- ing any equ~ty, lien w right uncle? a by virtve of this mo:!gage; +nd in the event sa~d MORTGAGORS shall tor any reason iail to keep the said premisrs so insu~ed, d fail to deliver promptly any of said pol~ues of insurance to sa~d MORTGAGEE, w fail promptiy to pay fully any pre~nium thcrefor or in any respect fail to perFo~m, d~scharge, execute, effect, complete, comply wiih and abide by this covenant, o~ any parl hereof, said ?AORTGAGEE may p~ace and pay tw such insurarue o~ any part thereof withoul weivirg o~ aliec~ing any option, lien, equ~?y, or righ~ under w by virtue oi this hla~gage, a~d the full amount of each and ewry such payment shall be ~mmedi~?ely due and payable and shall bear i~terest irom the date ~hereof un~il pa~d at the rate oi nine per ceMum pN annum and togelher with suth ~nterest shau oe sec~red oy tne uen o~ ~na rnwlyeye. - 1. To permit, tommit or suf(er no wasfe, impairment p deterioration of faid p~opcrty or any part thereof. 5. To pay all and s~ngulsr tFx costs, charges a~d expe~ses, ~nc~uding a reasonable attaney's fee and costs of abstracts of t~tle, incurred or paid at any time by said MORTGAGfE, because or in the event of the failure on ~he part of the said MORTGAGOR to duly, p~omptly and fu~ly perform, d~scharge. execute, effctt, tomp2ete, tomply with and ab:de by each and every the stipulat~ons, agreemenri, mrtditions, and covenants of said pra~nissory note a~~d ihis mortgsge a~y or e~ther, and sa~d costs, charges and expenses, e~ch and every, shall be immrdiately due and payabte; whether or no~ ihere be notice dg mand, attempt to coilect w svit pend~ng; and the (vll amount o( esch and e~ery such paymcnt :hall bear interest (rom the da~e thereof until paid a~ the .~~e oi r.ine per centum per annu:n; and all sa~d co:ts, charges and exoanses incurred o? paid, together weh suth interest, shall be secured by the lien of this mor19e9e. 6. Th~t in 1he evem of aoy brexh oE this Matgago or defau(t on the part of the MORTGAGOR, or (b) in the eveM any of satd sumf of money herein referred to be not promptly and fully paid wi~hin thtrty (30) days next aSter Ihe same severally become due and payable, wilhout demaod or notice, or (c) in the event each and svery the sNpu:aiions, agreementa, condif~au and covenants of sa!d promissory ~ote and th~a mo~tgage' any w e~ther are no~ ~~ly, promptty aod F~IIy perEormed, d:scharged. executed, effected, complered, compGed with and abided by, then in e~~her or any such eveM ~he sa~d ag- gregate sum memaned in said promissory note then remaining unpaid, with inrerest accrued, and at~ moneys secured hereby, shall bacome due and pay- able forthwith, or therea[ter, at the option o1 aaid MORTGAGEE, as fully and completety as if all of the said sums of money were a~ginatly s~~pulated • to be paid on such day, anything ~n sa:d p~o~nisswy note w in this Mongage to the contrary notwitFistand~ng; and thereupon w thereafter at the op~~on ef sa~d MORTGAGEE, without notice ~or demand, suit at law or in equily, therefore or therea(ter ~egun, may be prosecuted aa if a!I money secured hereby nad maturtd prror to its instituteon. - 7. Tnat in ti?e event tfiat at ti,e beg:nn~ng o( as at a:~y ti:r.e ~rrd~r:~ any sust u~M this A':~•'!g3^yR, cr to fo.ec!e~ it, o~ eo refwm it, w to enforce payment of any claims he~eunder, said MORTGAGEE shalt apply to the Cou~t having jurisd~ction thereof (or the appointment of a Receiver, tuch Court shall forrhwith appo~nt a receiver o4 said mortgaged property all and si~gular, inclvo~ng all and singular the income, prof~~s, iuues and revenues from whatever so~rce derived, each and every of which, it beirg expressly undersrood, is hereby mortgaged as if speciiically set io~th and deuribed in the granting and habendum clauus hueof, and such Receiver shall have all ~he braad and effective funcnons and powers in anywise entrusted by a Court to a Receiver, and s_ch appoiniment ahall be made by such Court as an admitted equity and a matter of absotute right to said MORTGAGEE, artd withcut reference to the a:icquaty d inadequacy of the value of the proparty mongaged or to thr sotvency or insolvency of said MORiGAGOR or the defendanls, and that such ceats, p e~F~n^inc~ issues and revenues shall be appGed by such Receive: accordin to the lien w equity of said MORTGAGEE and the practice of such ; _ - 9 - ~ tourt. - - 8. To duly, promptiy and fully perform, dixharge, execute, effect, complete, comply w~th and abide by each a~d every the stipulations, agreements, ~ conditions- and coveoants in sa~d promissory note and this mortgage set fwth. 9. 7ha1 in Ihe event ?he ownership of the morfgaged premius, or any part thereof, betomes vested in a person other tha~ ihe MORTGAGOR, the MORTGAGEE, its successws and assigns, may, without notice to the A50RTGAOR, deal with such successor or s~ccessa in interest with reference to this ma ~gage and the debt hereby sewred in the same manner as w~th Mor~gagor without in any way vitiating w d~scharging the Mortgagors' liabili?y hert u~der or upon the debt hereby sec~red. No sale of the premises hereby rnartgaged and no forbearance o~ the part of ~he MORTGAGEE or its successors or assigns and no extension of the time fw thr payment of the debt hareby secured given by the M~JRTGAGEE or its successon or ass~gns, ,~~all operate to release, discharge, mod~fy change w affect the original liab~lety of the MORTGAGOR here~n, either in whole or in part. 10. It is speuf~catiy agreed that time is of the essence of thi: conrract and that no waiver oi any obligation hereunder or of the oblgaYan se- c~red hereby shall at any time thereafter be he:d to be a wa~ver of the terms hereof w of the instrument secu~ed herby. 11. In add:t~o? to the Forego ng monthty aayments of princ"pal and ~nterest required by the prom~ssory no!e secured hereby, mortqagor covenants _~~d agrees to pay ~o mo-tgagee with eath monthly pa~~.ieM an add~~ional sum esf~n,ared by mortgagee to be eq~al to 1;'14 of the annual cost of the follow- ~ng: A-AU real property taxat levied or assessed agai•ist thc a6ove described real estate. B-Premiums or. f~re and w~ndstorm insura~ce as here~n requ:red to be carried on the im;;rovements situate on the above described premises. C-Premiums on such mortgage guaranty ir.svra~,ce as mortgagee shalt from t;me to tfine deem fit to carry on the loan secured hereby. i Mo~tgagee shaEl fr~m tfine to t~me nof~fy mortgagor in writ~ng of the amount due and payable 6ereunder and such sum shall thereupon be due and F ayable on the due dare of rhe ne:t manth:y paymeM and each successire nwnth thereafter ur.rit mortgagee sha!I notify mortgagor of a change in such _ a~.o~nt. Sucb sums sFall be app:~ed by mortgag?e toward the payment of real property tazes, insurance prem;ums, and mwtgage guaraNy insurance ~ r-emiums. IN WITNE55 'NHEREOF, the sa~d ti10RTGAGOR has hereunto set his hand and seal the day and year first afo:esaid. ~ Signed, Sealed and deiivered in the presence of: /~J~~~ C~ ~a~~ (Sea4 ~ _ _ Robert L. Ssfth (Sea1) # ~ Q ~ ~ - - (Seal) ~ ~ -11~*i.~ da p. S1a; th (Seaq ~ 57ATE OF fLORIDA ~ COUNTY OF $t • L.L1Cle ~ ~ _ ~ Before me penonally appeared , Robert L.. $~ltll a~ ~ Mat11C~8 P. Snith his wife, to me well known and known to me to be fhe individuals desuibed in and who executed the foregang instrument, and acknowledged before me that they executed the same for the purposes . rherein expressed. And the said 1~t ld? P S,lt~l ~ ~ r::~e of the said Robert L• $3d1t~1 upon a separate ai~d private , examination by me taken separate and apart from her s'd husband, atknowledged to and before me that she executed said instrum~y~lYri~l~f1~~` otu(~-';.; _ ~ ~ar~ly and w~tbout any compufsion, constraint, appre ~pp,~or fear of or from her said husband. ~y ~ - ~ C.lC~ Se tenber ' - _ WITNE55 my hand_and offiual seal this day of p f~~ t ~ • • - - ~ ..i /~j - sir__.. _ ~i~ /t../ . . " ` . s ~ ' • ~ . ~ . ' ~ r Notary Public in and (or the Stat~of F~d~- z~ Q~~_a . My Commission e~tpires: ' • Q ~ ~ Retum To: - ~K : ~ G~ ` ,l ' L ~ first Federsl Savi s 3 Loan Association . ,r ~ 4 "9 . , . •t:r • ~`~L;Sq ~~A~t~~: A! ~,~~j~. F Of fort P~erce. . . , ? i ?s • °i.., } 4 N• ~.~4~ \~A~ 1~ Fort Pierce. F!orida „r:,,_, ...i,.u;1 .:s3; :ISY~~1~', ` . ~ 262 ~ . t.. 94~ ~ y= ~ ~ This Instrument Prepared By Gary F. Bllwood it`ED ~Nr, AECOY f`~ ' First Federal Savin s 8 Loan Association t ~~~E COUMj l ~ of Fort Pierce ~ Florida i aQ~~~ GU j~ RT ~ CnA~ YEF~f~ED Checked By aEC ~~1 sb - ~ o Q ~ 5 1 s2 P1~ ~ b~aK 218 p~ 845 ~ ~ ~ . - - ~ ~ ..~~~~r... y_5~^.__ _ _ . ~ , ~