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Home My WebLink About1020 9. To place and cominuously keep on the bui:dings now or hercafter situate on said ~and and on alt eq~ip~nent and personally covered by this mort¢ eg~, with all premiums ihtreon pa~d ~n full, fire insuranca in the us~sl standard polity {orm, in a sum approvtd by the MORiGAGEE, and wi~dstorm insurance in the u~~al standard pol~cy (wm, in a sum ~pproved by ths MORTGAGEE, in fuch company or cwnp~nies as the MORT;,AGEE msy d~rech and all tirs and wlndstorm insurance po~ic~es on a~y of ~a~d buitd~ngs, •ny intere~~ tfierein or pe~~ ti+ereof, in ?M aggrega~e s~m ~fwesa~d a in sxcei~ thercof, sMll contain tF~e usual stand~rd mortgagee clause o~ such othe~ clause ss the Morlgagee may requ~re, making Ihe losa undrr sa~d pott cies, exh and every, payable to sa~d MORTGAGEE as its in~zrest may appear, and each and eve.y such policy ihall be promptlY e:s gned and de~Evered ~o any held by uid MOftTGAGEE si further arcurity to said matgage debt, and, not leu than ten (10) days in advance of the exp~ratio~ of each policy, 1o de- livet to w~d MORiGAGEE a renewal thereof, togNher with a rece~pt for Ihe premium of such renewal; and ~he~e shall be no tire o~ windstor~n insvrance placed on ~ny of said bvild~ngs, any i~tereat ther~~n or part Ihereof, unleas in the form and with the loss payabte as sio~esaid; and in ~he evenl any sum ol mo~ey becomef payabte u~der such policy or po~~cias said MORTGAGEE shall have the option Io recelve and apply the sanx on account of the indrbted nefs secured he~eby w ro pcrmit sa~d MORTGAGORS to receive and use it o~ any part thereol lor ofh~ r cu~poses, .•.~~ho~t tha.. ul wai~i~~g o~ ~~~~pair• in9 any equity, lien a righi unde~ o~ by virtue of ~his mo:tgage; and in ~he event w~d MORTGAGORS shatl for any ~eawn fail to keep the sa~d p~emii~•s so insured, or fail fo de~iver pranplly any of said policies of insurante to said MORiGAGEE, w(ail promptty to pay tully any p~emium therefw a in a~y respect fail to periwm, discharge, execu~e, e1(ect, comptete, comply with and ab~de by ~h~s covenant, or any pa~t hereof, said MORTGAGEE may plsce and oav (or auch insurancs u anr aart thereof without waiviny or aftettirg sny op~ion, tien, equity, or right under a by virtu~ of thit Matgage, and the full amo~m of each and every such payment shall be immedistely due and payable and shail bear interes~ irom tne date thereot u~t~i pa~~i at ii~e ~eie oi n~ne per centum per snnum and fogether wifh svch i~tarest shali be. secured by the I~en of this mortgage. 1. To permit, tommit w suf(e~ ~o waste, impairment or deterioretion of said property or sny part thereof. S. To pay all and singular fhe costs, charges and expenses, including a reasonable anwney s fee and costs of abstracts of title, incurred w pa~d a~ c any fime by sa~d MORTGAGEE, because or in the eve~t of the failure on the part of the said MORTGAGOR to duly, promptly and fully pe~fam, d~xharge. execute, effect, complete, comply with and ab~de by each ar+d eve?y the stipulanons, agreements, condi~ions, and covenants of wid promissory note and thi~ mortgage any w e~ther, ~nd sa~d costs, chargea and expenses, each and every, shall be immediately due and payabte; whe~her w not there be no~~ce d~ mand, attemp~ to collect w wit pend~ng; and the (ull amount of each and every such paymem shatl bea? inte~es~ from ~he date tF~ereof untit paid a~ Ihe rate oF nine per centum ptr an~~um; arx! all said costs, charges a~d expenses incurred or paid, together w~th such interesl, slull be setured by the lien of th~s mortysge. . 6. That (a~ in_the er~n1 _Cf aoy_.btedch of this Mortgage or.default on the pert of r6e MORTGAGOR, or (b) in il+e event any of satd sums of money herein referred to bs not promptly and fully paid within thirty (30) days next aitrr the same ievereTy beconie due and payab(e,-witi~out dem3nd-6r notice,- - or (c) in the event each and every the stipulations, agreemcntt, conditions and covenants of u,d promissory note and th~s mortgsge any w either are nol ~uly, promptly and fully performed, d:scharged, execu~ed, efFected, compteted, compl~ed wi~h and ab~ded ~ay, ~hen in either w a~y such event the uid ag- gregate wm mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby. sha!I become due and pay- able forthwith, w thereafter, st the option ol said MORTGAGFE, as fully and completely as ii all of ~he said ~~ms of money were orginally st~putated to be pa~d on wch day, anything in sa:d prom~ssay note w in this Mortgage to the contrary notwithstanding; ~nd thereupon or thereaher at ~he op~~on of said MORTGAGEE, without notice w demand, suit at law w in equity, the~efore w ihereai?er begun, may be prosecuted as if aIl moneys secured hereby nad matured pnw ro ds ins~itution_ 7. That in the event that at the beginn:ng o! or at any time pending any suit upon this Mortgage, w to fo~eclose it, or to reform it, or fo enforte payment oi any claims hereunder, w~d MORTL',AGEE shall apply to the Court havi~~g juriid~c~ion fhereo( for the appo~ntment of a Receiver, such Court shall forthwith appoiM a receiver of said mortgaged property all and singular, includ~ng all and singu~ar the income, profits, issuet and reve~ves from whateve? sou:ce derived, each and every of wh~ch, it be~ng expressty unde:sTOOd, is hereby mor~gaged as if apec~(ically set forth and deuribed i+? the granting and habendum clausea hereof, and s~ch Receiver ahall have all the broad and effective funchons and powers in anywise entrusted by a Cou~t to a Receiver, and s~ch appoiMment shall be made by such Court as an admitted equity aod a matter oi absolute right to said MORTGAGEE, and w~thoul reference to the adequacy or inadequacy of the valve of the property mortgaged or to the sotvency or inso:vency of said MORiGAGOR or the defendants, and that such rems, profits, incane, iuues and revenues shall be appfied by such Rece~ver accord~ng to the lien or equity of said MORiGAGEE and +he practice of such Court. 8. To duly, promptly and fully perform, d~uharge, ezecute, effect, complete, comply w~th and ab~de by each and every the stipulations, agreements, ~ conditans a~d covenants in sa~d promissory note and th;s mwtgage set forih. 9. That in tt~e event the ownership of the mwtgaged premises, or any part thereof, becomes vested in a perwn other than the MORTGAGOR, the M.ORTGAGEE, its succeuo?s and auigns, may, withouf notice to the MORTGAOR, deal with s~ch succeswr Qr successor in interest w~+h reference to this mo~tgsge and the debt he~eby secured in the same manner as with Mortgagw without in any way vitiating w d~xharging the Mortgagori liabi~dy he~r ! ~nder a upon the debt hereby secured. No sate of the premises hereby mortgaged and no forbearance o~ the part of the fAORTGAGEE or its successors ; or euig~s and no extensio~ et the rime fo~ the payment of the deb+ h~reby secured given by the MORTGAGEE or its successws or au:gns, a7~a11 operate ro release, diuharge, modity change o~ atfect the origmal IiabJay ot the MORWAC~R herem, edner m wno~e or in part. 10. It is specifitally agreed that time is of the euence of this contraU and that no waiver of any obligation hereunder or of the obligation se- c~red hcreby sfisll at any time thereafter be held to be a waiver oF the terms hereof or of the instrumem sewred herby. 11. In edd~tio~ to the forego'n~ monthly payments of princ'pal and inrerest required by the prom~ssory no!e secured hereby, mortgagor covenants and agrees to pay to mo-tgagee v~irh each momh y pay~,,ent an addlnonal svm est~mated by mwfgagee to be equal to 1/ 12 of the artnual cost of the follow- Ing: , ~ A-All real preperty taxrs lev~ed or assessed agai•ist the above des;+ibed real estate. - j B-Prem~~ms on fire and windstorm ~nsurar.ce as here~n req~;red to be car~~ed on the ~mproveme~ts situate on the above described premises. ' ~ C-Premiums on such mortgaqe guaranty insurar:~e as mo-tgagee shall from t:me to time deem fit to ca+ty on the loan secured Fiereby. f Mortgagee sfiail from iime to time norify martgagor fn wr;t~ng of the amo~nt dua and payable hereur.drr and such sum shall thereupon be due and t ~ ayable or+ the due datr of the ~+ext month:y payment and each successive month the.eafser ~nfil mcrtgagee shalt notify mortgagor of a change in svch : ~ a•o~nt. Such sums sF.ali be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance i ; , -emiums. y ~ IN Y~ITNESS~Y~HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and ye r ist aforesaid. ~ ned, Sealed d deliver ' the presence oi: ~ J 7' . r'-~~I'i../ ~ u " .t~ ' 11.1 ~ SeaO _ (Seal) ~ ~ (s~so _ Virc~in a M. Stephan r~aq STATE OF ~E~1~1 4LU~o~L,[~ • • ~ /o ~ 55. couNn oF /~=~c % - I set«~ ~~o~u,, a~a.ed Karry C. Stephan . .,,d _ Virginia M~ Stephan his wi(e, to me wel{ known and known to me to be the individuals ~dq ~~r~~ in end who executed the_foregqing, instrument and acknow~edged befwe me that they executed the same for the purposes V3rgsnia b1. Stephan therein expr - 7{id,'the ~sa~d ~ Harr C. Ste han - „ „ .~;Te of~ t id po a separate snd private ~ examiest~¢j/'~t}~en a"~paTate and apart from her said hasband, acknowled '~1o-afwl-4efoTe me t she execut ed instrumem freely and voluo- ~ tarily i~tl',~S~,tlioyilrt~i toropulsion, constraint, apprehens~yn, or fear of w fr "r said husbdqd. - ~ ~q ~ 1M1~jElESS my Fand•aAd affici+l :eal this ~G' day of A. D. 191~ = . _ _ - ~ c : ~Z-~-f,..~ - .1 , G2-~~ V ~ ~ . ~ ~ Notary Dublic in and for the State of~f~i'i+ at arge - _f,. ~ : : ~ ~ • ~ . My Commiuion expires: ~ , ~ ~ Re~vm To: ~ ' , ~ 7 ~ Fint Fedenl Savings a loan Associat~on Of fort P;erce. Fort Pierce, Florida ~ ~ FILEU p'1i` ~ECJRDEO ~y~ ST.IUCt: :,0"JNTY FIA. a R4G~r rti~TRAS (~E\ ~ This Instrument Prepared By J. H. Roberts ~ Jr. ~~rpK ;,;:;~UI COURT ~ First Federa) Savings 8 Loan Association Fcr,~~~, •t-~ f!=0~ of Fort Pierce ~ Florida Checked By E~-- ~[,P 6 i2 z6 PH ~~3 ~-x; ~ ~ 263046 ; p BOOK...~G PACf ~0~.9 ~ , ~ ~ _ . _ _ . _ - ~ - z .