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Home My WebLink About1487 . ~ . a 3. To ptacs and continuously keep on rhe bui'd~ngs now a hereaitN ~~tuate on said I~nd and on ail equ~p~nent ~nd perio~ally tove~ed by this mortg~ ~g~, with ~11 p?emiums thereon pa~d in full, fire insurance in 1he usua~ standa~d polity (orm, in • sum approved by the MORTGAGEE, and windsto~m in~urancs in the vsual ~eandard pol~cy form, in s sum approved by tM MORiGAGEE, i~ sucl~ company or companie? as tM MORiGAGEE may diredt +nd +!t (ir~ a~d w~nds~orm insuroi+te poiicies on any of said build~rps. +ny interes~ the*ein or p~rf thereof, in the ~gg~cya~e zum ~faesaid w 1~ txtttf thereof, ihall tontain Ihe usual standard mortgagea clause w such other claus~ +t 1M Malyagee may ~equ~r~, mskirq the loss unde+ sa~d poli- cin, e~ch and every, payable to isid MORTGAGEE at its interes~ may eppear, and each and every tuch policy a~al1 be piomp~ly +u gned and de~ivered ~o •ny held by said MORTGAGEE as further security to sa+d mortyags debt, and, rtot leu than ren (10) days in advance ol the exp~ratio~ of each policy, to dr liwr to Nid MORTGAGEE a renewal thrreof, Ioqe~F+N with a receipt fa ths p~emium o( such renewal; and ther~ ihall ba ra f~~e or wi~dseorm i~suranc~ plac~d on ~~y of said buildings, any ime~e~l therein w p+rt tMreof, unleas in tFw form snd wiih tM lou payable as atwe~aid; and in the event any sum of rt~w?~y becomes payabte unda such policy or pot~cies sa~d MORTGAGEE ?hall heve ~he op~ion to receive and appiy ths iame on accovm o( the indebted- ness ~ecured hereby w ro permit uid MORTGAGORS to rcceive and ute it w any part Ihereof ior otner purposrs, v.i~hout Ih_+.u~ wa~~i~~~ or unpair- in9 a~y eqv~ry, lien w right under or by virtue of this mo:!gage; snd in the evenl sa~d MORTGAGORS sAall tw any reawn fail to keep ~he said p~em~srs w insured, a fail ro deliver promptly ~ny of uid pol~ties of insurarxe to said MORiGAGEE, w fail promptly to pay fully any premivm the~efor o~ in a~y retped fail b perlwm, discharge, execute, eNect, complete, compiy with and ab~de by th~~ covenani, or any parl he~eoi, faid htvRiGAGEE mey ytate a~:d pay fw such inwrance or ~ny part thereof without warving or affecting any op~ion, lien, equ~ty, or right under a by vi~tue of ihi• Morrgage, •nd the full amount of each and every iuch payment shall be immediately dve and psyable •nd shall beer inte~es~ irom ths date thereot until paid at the rate o1 nine per centum per aruwm and toge~her with such interest shall be srcured by the lien of this morlgage. To permit, commit or suffer no waste, impairmeni a deter'wration ot said property or any part thereaf. 5. To pay all and singular the costs, charges and expenses, includiny a reasonabte ettwney a fee and costs of ab~traUS of title, incurred or pald at a~y time by said MORTGAGEE, because or in the event of the fsilure o~ the pa~t of ths said MORTGAGOR to duly, p~omptly and fully prform, diuha~g~, executs, effett, comp:ete, comply w~th and ab:de by each and every the stipulatbns, agreements, conditions, e~d covenanrs of taid p~omissory note a~d thu mortgsge any p either, a~d Ya~d cosrs, charga and e~epenses, each and every, sMll be immedialely due and payabte; whethe~ w not +here be notice de~ mand, attempt to cotlect a wit pend~ng; u~d the full amount of each and every such paymeM shall bear iroerest from the date tFxreof until paid at the rare ot nine per centum per annum; and all said costs, charges and expenses incurred or paid, together w~th such interest, thall be setured by the lien of thw mortysya 6. Thst (a) in the event of any b~each of this Mortgage or default on the pa~t of the MORTGAGOR, w(b) in 1he event any of said sums of money hereie referred to be not promptly and f~lly paid within th~rty (30) days next after the same xverally become due and payable, without demand w notite, er (cj in the event each and every ~he s~ipulauons, agrcements, cond~tions and covenants of sad promiswry note and fh~s ma~gage any or either are no1 ~u1y, promptly and f~ily performed, d~scharged, executed, eifected, compkted, complied with and ab~ded Sy, then in eitFxr or any such event /he sa~d ag - - - - - - - gregate sum mentaned in said promisswy ~ote then ~emaining unpard,-witFinteieil--acnued; an~-a~i-nsa~sey33Etured-ttiereDy, shatrbeta+~ouQ psy able fo~thwith, a thereafter, at the opt~on of said MOQTGAGEE, as fuNy and completely as it all of the wid sums of money were originaily tt~pulated to ~ pa~d o~ such day, anythiny in sa:d promissay note or in this Mortgage to the contrary notwithstanding; and thereupo~ or fhereafter s~ the opt~on of sa~d MORTGAGEE, without norice w demand, sui~ at law w in equ~ty, therefo~e w thereafter begun, may be proxcuted u if aIl moneys secured hereby fiad matured pnor to its institution. 7. That in the cvent that at the beginning of w at any time pq~ding any suit upon this Mortgage, or to faetlose it, w to reform it, or to enforce payme~t of any ciaims hereuncier, said MORTGAGEE shall apply to the Court having jur~sdrc~ion thereof fw the appo~ntment of a Receiver, such Court shall Forthwith appoint a receiv~r of said mortgaged property all and singular, i~clud~ng att and singutar the ~r.come, prol~ts, iasues and revenues from whatever source derived, each snd every of wh~ch, if Eeing expressly underseood, is herrby mortg5ged as if speufically xt fath and dewibed in the grsnfing and habendum clauses hereof, and such Receiver shatl have all the broad and effective funcf~ons and powers in anyw:se entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a rt+atter of absolute right to said MORiGAGEE, and without reference to the adequacy or inadequaty of the value of tFw3 property mortgaged or to the wtvency or insotvency of said MORiGAGOR a the defendants, and that such renTS, profits, income, issurs and revenues shall be app~ied by such Receiver accad~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect complete, comply with and ab~de by each ~nd every the stiputatior+s, agreements, conditions and covenan?s in sa~d promissory note and this mortgage set fwth. 9. That in the event the ow~ership of the mortgaged premises, or any part thereof, becomes vested in a person other fhan the MORTGAGOR, the j A!ORTGAGEE, its succeuors and assigns, may, without notice to the MORiGAOR, deat with svch svccessa or successor in interest with reference to this mortgage and the debt hereby secured in the same maru~er as w~th Mc,rtgagw withoul in any way vitiating a d~scharging the Mortgagori liability herr ~ under p upon the debt hereby secured. No sale of ~he premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its sutcessors ~ ar assigns artd no extension of the time for tix payment of the debt hereby securcd given by the MORTGAGEE or its successors or assigns, ahall operate io release, d~scharge, modify changt or affect the original liability of the MORTGAGOR hcrcin, either in whole or in part. 10. It is specif~cally agreed that time is of the essence of th~s contract and that ~o waiver of any obt~gat~on hereunder w of the oblgation se- cvred hereby shsll at any time thereafter be held to be a waiver of the terms hereof or oi the instrument secured herby. 11. In add~tion to the forego"ng monthly paym~nts of princ'pal and in~erest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monfhly payr.ient an oddnionat sum est~mated by mortgagee to be equal to 1;`12 of the annual cost of the folbw- ing: A-All real property taxes levied or assessed against the above described real estate. 8-Premiums on f:re and windstorm insurance as herein requ:red to be carried on the improvrme~ts situate on the above described premises. C-Premiums on s~ch mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secuied hereby. ~ Mortgagee shail from time to time notity mortgagor in writ~ng of the amount d~e and payable he~eunder and such sum shall thereupon be due and c3yable on the due date of the next monthly payment and each successive month thereafter until mwtgagee shall notify mortgagor of a change in such ! ~ a~;ount. Suth zums sHail be app!ied by mortgagee toward +he payment of real property ~axes, inswance prem:ums, a~xl mortgage guaranty iowrance premiumt. . r Ml-L.IIINFSS JltNfREDF. the said-lu10RIGAGOR- has hereunto xi his hand and :eal the_~ay_and_yeaL first~foresai~-- - ~ e Si ned, Sealed and deiivered i~ the presence of: ~ ~ ' l) ~ a~ ~ _ E en Fulwood ~ap eC (Seal~ s ~ • , ( ~ Edith V~r9ini~?~'~ulwood cs~an ~ ~ : . . , TAT OF FLORIDA ~Y ' SS. ~ couNn oF S? . UICIfi ~ . ~ . ~ l ; ~ , Before me persorwlly appeared 6ugene FU IrllOOd `_`r *r/C',~o'~T,~~ and Editb Virqinia ~1i1rI00d his wife, to mA~ ` wn ant~kiWwn ro me to be i ~ the individuals desuibed in and who executed the fotegoing instrument, m~d sckrawledged before me that tAeg ~t~~~t~e~;lt~r~fw SMe purposes ~ therein expressed. And the sai ~d].t~I ~11! 1Jlla F1111~00f~ ~ ~ wife of t!x said B'u @ne Ful~OOd "•ud¢ri_~-separate snd private ~ examinat~on by me taken separate and apart from her said husband, scknowledged to and befoie me that she execut 'ilii~~ir?ytrumtm freety and volurr # rarily and wffhout any compulsion, constraint, apprehen i~ fear of a from t~er said husband. F WITNESS my hand and official seal this ~ dsy of S@ t@IIbez A. D. 19 73 ~ ~ i # _ ^ Notary Public in snd fw the State of Florida at Large My Commission expit~qota?y PI;~Ii-. e•are af R~•idv ot ;ar~s Retum To: First Federal Savings d. Loan Association My Comm:s;i;,n [s;~lres :ol~ ^_2, 1977 - Of Fort P:erce. Bur3ed by Amer~can F:tu S Casu~{t~ C~. Fort P~ercc, F~cr~da ~ i~ f IlEO AND F ECOROED This Instrument Prepared By J. Hal Robezt s~ Jr . St.lUC1E COUNSY FU' ~ aocEa Po~Ta~s ~ First Federa) Savings 8 Loan Association ~~,ERK CtnCU1T CO~Rj n4 of Fort Pierce~ Rlorida RECORD ~~P~~~EO ~ ,~3 : ~ Checked BY ~ 9 44 A~ f ; : ~ BOOK PACE14 26~90 ~ - ~ ~ t ~ - ~ ~ : _ . ~ _ ~r.~~~~~::~~