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Home My WebLink About0848 3. To p~ace and cont~nuousty keep wi the bui'J~r~ga noar or hr~eaite~ ~~tuate on sa~d I~nd and on ali equ~p:nenl and pe~son~liy cove~e:d by this mo~tg- ags, with all prtmeum~ theroon pa:d in iull, fue inw~~nce m the usual sran;iard policy lorm, in a wm app~o~ed by the MORiGAGEE, anJ winc~storm insuranc~ in ths usuat ~~andard pol.cy lor~n, in s aum approred ~y the h10RTGAGEE, in tucF? canpany or companies as ~he h10RTGAGEE may direc~; and aU (irs and w~ndswrm insurance poGues o~ ~~y o( said bu~ld~ngt, any interest therein or part thareof, in ihe aggregate aum aluresaid w in exceu thereof, t~all contain the usual standard mo~~gagee clauss or such o~her clause a tM Mo~~9agee msy reyu~r~, ma?~ny the lou under sa~d poli- cie~, each and svery, payable ro 3aid MORIGAGEE as ~~s ~nterzs~ may appear, •nd each and every such poi~cy ~hall be promp~ty ass gned and delivrred to any held by said MORIGAGEE ae fwther secv~ity 1o said nwrtgage debt, and, nm leu than tan (10) deyi in ad~ance o( the expirotioo 01 each policy, to dt- liver to said MORTGAGEE a re~ewal the~eof, Iogether with a receipt fw the premium ot suth renewal; and ~here al~all be no f~re or windstor~n insurance placed a? any o} sa~d build~ngs, any interest there~n or par~ thercof, unleis in ~he form and wiih the loss payable as aforesaid; and in the eve~t any sum of money becomes payable under such policy o~ poGcEes said MORIGAGEE shall have the opt~on ro recrive and apply the same a+ account ol the indebted ness secured hereby w lo pcrm~t said MORTGAGORS to ~eceivs and use it p any part the+eof lor o:i~cr purposrs, ~v~tho~t ih,•~ u~ w~~vu~~ o~ unp.+~~- ing any equ~ty, ~ien or right under a by virtue of ~his mor!9age; snd in the ev2nt sa;d MORTGAGORS shafl fw any reawn fail to keep the said premisrs so inaured, a fail ro deliver promptly any of said pol~cies of insurance to said MORTGAGEE, w ~a~! p:ompt~y to pay fu~ly any pre~n~~m ~he~efor w in a~v respect tail to per(wm, discharge, execute, effeci, complete, comply with and abide by this covenanl, w any parl hareof, said MURTGAGEE may p~ace and pay fa such insurance or any part thereof without wsiving w affecting any option, lien, equi~y, or r~gh~ under or b1 virtue of ~his Matgage, a~+d the fu11 amount of ex6 and everv such oavment shatl be immediatelv due and wvabte and shall besr interesl from the date thereof until paid at the rate o1 n~ne per ce~tum per annum and to~ether wifh such iroerest shall be srcured by the lien of this mortgage. 1. To permit, commit or suffer ~o wasfe, impairment w deterioration of seid property ot any part thereof. 5. To pay all and singula? the costs, charges and expenses, inctuding a reasonable attwney's fee and costs of abatracts o( title, incurred or pa~d at eny time by aaid MORTGAGfE, because o~ in the event of the faiture on the pa~t of ~ha said MORTGAGOR to duly, promptly and fuify perform, d~uharge. execWe, eifett, complete, tompty w~th and ab;de by each and every the stipulat~ons, agreemenb, conditions, and covenants of said promiswry note and thi~ mortgage any or e~~her, and sa~d costs, charges and expenses, each and every, shall be immedia~ely due and payable; whether or not the~e be ~otice d~ mand, attempt to calect a suit pend~ng; and the full amount of each and every such payment ahall bca. inrerest from the date thereoi until paid at the rate oi nine per centum par amwm; and all said cosn, charges and expenses inturred or paid, together wdh such interest, shall be secured by the iien oi this mortgsgs. 6. 'Ihat (a) in the event of any breach of this Mo~tgage or defaull on tf~e part of ti?e MORTGAGOR, or tbT in the eveM ary o( sa~d wms ef owoaY herein refe~red ?o be not p~omptly aix! lully paid w~thin th~rty (30) days next aftcr the same severatty become due and payable, without demend w notice. - or (c) in the event each and every the stipulat~ons, agreements, conditions and covenants of sa:d promiswry note and th~s mortgage any o~ either are not iuty, promptly and fully performed, d~scharged, executed, effected, canpleted, complied with and ab~ded 5y, then in e~ther a any such event the ss~d ag gregate sum meniioned in said prpmissory note thrn remai~ing unpa~d, with inte~est acuued, and a11 moneys setured hereby, shall become due and pay- able fonhwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said sums of money were a~gina:ly s~~pulated ro be paid on such day, anything in sa:d prom~ssory note w in this Mwtgage to the contrary notwithstanding; and thereupo~ or therea(ter at the op~+on of said MORiGAGEE, without no~~ce or demand, suit at law w in equity, therefore w therea(ter begun, may be prosecvted as if all moneys secu~ed hereby nad matured pnor to ~ts imtitution. 7. That in the event that at the beginn:ng of or at any time pending any suit upon this iNortgage, a fo fweciose i~, w lo reio~m ii, or to enforce payment of any ctaims he~eunder, said MORTGAGEE shall appty to the Court having ~ur~nd~ct~on thereof fw the appointment of s Receiver, such Court shafl Forthwith appoint a receive~ of said mortgaged p~operty all and :ingular, includ~ng aIl and singu~ar the income, p~of~ts, issues and revenues from whatever source derired, each and every of whrch, it being expressty undenrood, is hereby mor~gaged as if spec~f~cally ut forth and dexribed in the gran?ing and habendum clauses hereof, and such Receive~ shall have all ~he broad and tffectire f~nctions and powers in anyw~se entrusted by e CouA to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a maner of absol~re rigfit to said MORiGAGEE, and witho~t re~erence to the e~equacy w inadequaq of the value of the property mortgaged or to thr so~vency o~ fnsoivency oi sa~d MORTGACsOR o~ the defendams, and that svch renrs, profits, income, issues and revenues shall be app{ied by such Receiver accord~ng to the lien w eq~ity ol sa;d MORTGAGEE and the practice of such CouR.---- _ _ . 8. To duly, promptly and fully perform, d~scharge, execute, effecf, comptete, comply wlth and abide by each and every the stipulations, agreements, _ condiYrons and covenants in sa~d promissory note and this mortgage set futh. 9. That in the event the ownership of the mortgaged premises, or any part thcreof, becomes vested in a person other than the MORTGAGOR, the 6".ORTGAGEE, its successon and ass~gns, may, wi~hout naice to the MORTGAOR, dea! with such successor or successor in interest with reference to this morrgage and the debt hereby secwed in the same manner as with Mortgagor w~thout in any way vit;a~irtg a d~scharging the Mortgagors' liab~lity herr ~nder or upon the debt hzreby secu~ed. No sale of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE or its successors o. asaigns and no extension of the t~n,e (or the payment of the debt hereby secured given by the M.ORTGAGfE or its successws or au:gns, ahall operate ro release, d~scharge, modify change or affect the original liab~lity of the MORTGAGOR herein, either in whole or iro part. 10. It is specifically agreed that time is of the esse~ce o~ this contract and that no waiver of any ob~igat~on hereunder w of the obligation s~ c~red hereby shail at any time thereafter be he?d ro be a waive~ of the terms hereof or of the instrument secured herby. 11. In add;tio~ ro the forego:ng m.onth!y payments pf princ"pal and imerest requ~~ed by the promisso~y nore sec~red hereby, mortgagor covenants and agrees to pay to mo:tgagee with each month,y pay~~~ent~an add~~ional sum est:n:ated by mortgagee to be eq~al to 1,'12 of the annual cost of the follow- ing: A-All rea~ pro~erty tax=s iev~e~ or assessed agai•,st fhe above describcd real esrate. B-Premiums on fire and windstorm ~nsurar.ce as here~n requ:red to be carr~ed on the ;mprovements situate on the above described premises. f f C-Premiums on such mwtgage guaranty insurar,ce as morlgagee shall from t:me to fime deem fit to carry on the loan secured hereby. ! Mortg~gee shail from time to time notify mortgagor in writing of the a~nount due and payable hereunder and suth surn shal~ thereupon be due and ~ F ayable on the due date of ~he next month:y payment and each successive month therealter ur.til mortgagee shall notify mortgagw of a change in such ~ an:o~nt. Such sums shail be a ~d b morf a e towa:d the a ment vf real ro rt taxes, insurance rem~ums, a~xl mwt a e uaranf insurance ~ PP~~' Y 9 9° P Y P D~ Y P _ 9 9 9 Y n-emiums. ~ IN \YITPJESS NHEREOF, the ssid ~~AOR7GAGOR has hereunto set his hand and seal the day and year first atoresaid. ~ Signed, Sealed and delivered in the presence of: , ~ ~ ~ a~as C. Press e Jr. ~aq ~ , - ~ cs~i> JaI1D~,@ Mae P]c@ss eY (5eap ~ S7ATE OF FLORIDA ~ COUNTY OF St . L~ ~@ ~ ~ Before me personally appeared Ja~S C• Prasslsy, .lY • s~ .laAlll@ MA@ Pressley his wite, to me well known and known to me to be tF.e individuab described in and who executed the foregoing inslrument, and acknowledged before me that they executed the same for the pwposes therein expressed. Md the said Jannie ~@ PZ@iSl@}~ ~ .yife of the said .~a~s C. p=!f!1!w .JZ . , upon a separate and privste ~ examination by me taken separate and apaH from her said husband, acknowledged to and befo?e me tbat she exetuted said instrument freely and volun- ~ rarily and wilhout any compvlsion, consiraim, appreh ~ SrTar of or _ ' husband. , 3 ~ WITNE55 my hand a~d of(rc~al seal this ay of Au t A~~Di,.il~.-'13. ~ ~ - - - - - - - - - - - - - - - a~.. _ , ~ Notary Public in and_ r the State of F{a`[+1~~;) la ~'•i ~Y = My Commiuion expires: ; ~ ~ ' ~ ~i " Return To: . - ` v - ~'r .~.Y c'••~ ~ 1_'• f- Fint Federal Savings 6 loan Association r, , J~~r. ' ' a7 Ep w! O~ . rj•; ~ Of fort P~erce. ' ' ~ ' . : . 1 > \ : i- .:.t~JE~ bY ~;~t~ti_a ~ ~'Cl~. ~ ~ n [fo.iaars.~r:.,~r, ' . ,'f, ~ iort Pierte, Florida 26~Q/~~ '~?~4 .i i. 'rr : j ~ ~ ~•f . ~ 7 . ' • ~ ~ ~1 ~ ~%ti~~,p~^r.~;;~'4tifl.~ . s ~ This Instrument Prepared By Ge?ry F. BllwOOd FllEO AHQ RCCO~DE6 ~ii~i~! E C~ tl~~`~ St, LUCtE COUNtY FLA. ~ ~ First Federal Savings 8~ Loan Association ftOC=R P%~~TRAS ~ ~~~r ~ of Fort Pierce CLfFK Ct"::Ut? COURT ~ " , Florida . RECORQ YcF.:f~EO ~ Checked By ~ ~ ~ ~2 ~u ~ r~ ab ~ ry BORK ~~8 FACE 84 ~ ~ ~ ~ , _ , ~ ~ , , a , ~ . ~ ~ _ ~ . . e . _ s ~