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Home My WebLink About1629 . ~ i 3. To place and co~tinuously kccp o~ the bu~•'dings now w htreafta situate o~ said land and on cqu~pment and personalty covsred by this mortg~ sgs, with all premivmf Iherew? pa~d in tull, fire insursnce i~ the usual slandard po~~ty 1orm, ,in a ium app~oved by 1he MORlGAGEE, and windstam insur~nc~ in ~M u~ual uandard pol~cy fam, in a sum approved by tM MORIGAGEE, i~ ~uch canp+~y or canpan~e~ as the MORTGAGEE may dired; a~+d all firo •nd windstorm insurance policie~ on any of uid build~nys, any interes~ therein or part thereof, in tl+~ +gyre9a~e sum daeiaid or ~ In sxctu thereof, ihall coroain ~he usual sandard mw~gayee ciavse a such othe~ clsute +s ths Mor~gagee may reqwr~, ma?i~ ths losi ur,der sald poli~ ' cief, exh and every, p~yable to s~id MORTGAGEE at its interrst may app~ar, and each and every such policy shall be prar.ptly +ss.yned ~nd delive~rd ~o •ny held by uid MORTGAGEE ss tur~her security to said mortgags debt, and, not leu than ten (10) daya in advance ot ths expiration of each policy, to d~- liver to iaid MORTGAGEE s~enewal ~hereof, topether with a ~eceipt fa ~he premium ot tucA rencwal; and there shall be no fire or windstam insurance } plxed on ~ny of said bvildingi, any inlaesl therein or part thereoF, unless in tFK torm and with tM lou payable as sforesaid; +~d in ths evont any sum of mo~?ey bccomes payable under tuch policy a pol~cies said MORTGAGEE shall have tha option to receive and apply the wnx on accoum oi tM indebted~ nsu secured hereby o~ to permit said MORTGAGORS 1o receive and use it p any pa~l thereof for other purposes, v.~~hout tharc o~ waiving w u~~pa~~• ;ny any equtly, lien or righl under w by vir+ue of this mossgage; snd in the event said MORTGAGORS shall (w any reason fail to keep the ssid p?emises so insu?ed, or fail to delive~ promptly anY of said policies of insura~ce to said MORTGAGEE, w fail promptiy to pay fully any pre~nium therefor w in a~y reiped fail ro psrfwm, d~scharge, execute, eftect, complete, comply wi~h-and abide by this covenant, w any parf hereof, said MORTGAGEE may p~+ce a~~d pay fw tuch insurance w any part thereof wiihou~ waiving a af(ectioy any optian, lien, equity, or righ~ under w by vi~tw oi this Matgafle, +~d the f~ll amount of each and every such p~yment shell be immediately due and payable and shall bear interest from tha dats thereof until paid at the rate o1 ~ nine per centum per snnum and to~e~her with such intereat shali be secured by the lie~ of this mortgage. ~ 1. 1o permit, tpnmit w suffer no waste, impairment d detrriwation of said property w any part therMf. , S. To piy all and sirgular the costs, charges snd expenses, includir?y a reasonable attorney's fee and cos~s of abstracri of title, incurred or paid at y any time by said MORTGAGEE, because or in the event of the failure on ~he pert of the aaid MORTGAGOR to duly, promptly snd fully perlorm, d~scharga >xecute, effect, complete, comply with and ~b:de by each and every the stipulat~ons, agreemants, conditions, and covenants of said {uom~ssory note and this mortgage any or eithe~, snd said cosn, charges and expenses, each and every, sha11 be immediately dve and payable; whether a nof there be notice do- mand, attcmpt to collect w wCt pendfng; and 1he full amount of each ~nd every such paymem shall F.ear interest from the date thereof until paid at the ~ r,te of nine per centum per an~~um; and e!I ~aid costs, charges and expenses incur~ed w paid, together with such interesl, shall be setured by the lien of thif y mortgs9s. 6. That (a) in the svent of any breach of this Matgage w default on the part of the MORTGAGOR, w(b) in the evenf any of sa~d wms of money here~~ (rferred. to be not promptty and fully paid within thirly (30) days next after the same severatty betome dve s~d. psysWe, wuhout demaod or ~aica, or (c) in the event each and every the a~ipulations, agreements, cond~~ions bnd tovenants of said promissory rw?e and this mwtgsge ~ny w ather ar~ no1 - - iuly, promptly and fully perfwmed, d~uharged, executed, effected, completed, complied wilh snd abided 5y, then in either or any iuch evenl the said ag gregate sum rrKntaned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shsll become due and pay~ able fathwith, or thereatter, at Ihe option of said MORTGAGEE, as fully and completely as if all of the w~d sums of mo~ey were originally st~pu+ated to be pa~d on such day, anything in said promiaswy note w in this Mortgage to the contrary notwi~hstanding; a~d thereupon w thereafta at the op~~on of sa~d MORTGAGEE, without notice w demand, suit at law ot in equity, thercfore or thereafter begun, may be prosecut~d as if all moneys setured he~eby had maturcd pr~w to its inatitution. . 7_ Thaf in the event that at the beginning of or at any time pending any suit upw~ this Mo?tgage, or to fwetlose if, w to reform it, w to enfwce payment of any claims he~eunder, said MORTGAGEE sha~l apply to the Court having ju~isd~ction thereof iw Ihe appointment of a Receive?, such Court shall forthwith sppoint a receiver of said mortgaged property all and singular, includ~reg all and singular the i~come, prof~ts, issues and revenues from whate~e? so~rce derived, each and every of wh~ch, it being expressly understood, is hereby mortgaged as if speci(ically aet fath s~d described in the gra~ting and habendum clavses hereot, and such Receiver shall have all the broad and effective tunU~ons and powers in anywise e~trusted by a Court to a Receiver, and such appointment shall be made by such Court as an admiteed equity and a matte? of absolute right to said MORTGAGEE, a~?d without reference to the edrquacy w inadequacy of the valve of the property mortgaged or to the so~verxy or insolvency of said MORTGAGOR w ihe defendants, and that such re~~s, p~ofits, income, issues and~revmues shall be applied by such Rcceiver accord~ng to the lien w equity of. said MORTGAGEf and the pradice of such t Court. 8. To duly, promptly snd fully perfo?m, d~scharge, execute, eifect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d promissory r?ote and this mortgage set fath. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ' MORTGAGEE, its succeuws and assig~s, msy, without notice to the MORTGAOR, deal with such successo? o~ successw in interest with reference to this .nortgsge and the debt hereby secured in the same manner as with Mortgagw w~thout in any way vit~ating w d~uharging the Mortgsgors' liability hero- under w upon the debt hereby secvred. No sale of the premixs hereby mo~tgaged and no forbearance on the part of the MORTGAGEE w its sutcessws or assigns and no extension of the time for the payment of the debt hereby secured g~ven by the MORTGAGEE or its sutttssors w ass~gns, shall operate lo release, discharge. modify change or affect the original liability of the NIORTGAGOR herein, eitFxr in whole or in part. 10. It is speufically agreed that time is of !he essence of th~s contract and that no waiver of any obligat~on hereunder w of the obligstan sr cvred hereby shall at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument secured herby. ll. In add~tlo~ to the forego:ng monthly paymeros of princ'pal a~d interest required by the promissory nole secured hereby, mwtgagor covenants and agrees to pay to mo:tgagee with each monthly payrnent an add~rional sum estimated by mortgagee to be equat to 1~`12 of the annual cost of the follow- ing: . A-Atl real property taxes lev~ed or assessed against the abore described real estate_ B-Prom~ums on fire and windstorm insurar.ce as herein requ~red to be carried on the imnroveme~ts situate on tF?e above described premises. ; C-Premiums on such mortgage guaranty insuraoce as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Alortgagee shatl from time to time notify mortgagor in writing of tix amovnt due and payable hereunder and such sum shall thereupon be ~ue and ~ cayable on the due date of the neat monthty payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such ~ a::ouni__Suth_sums_sl:aIl._be~nF!ied by_mo!ISag~e_towar_d_the paymem of real _ property, taxes,_ insurance prem.ums, and mortgage guaranty insurance - premiums. IN Y~ITNESS VYHfREdf, the said MORiGAGOR has hereunto set his hand and seal the day a~d r first afor ~ : ~ Sig aled.and delivaed in the prexnce of: ` J ) _ .~/R./ a~ f ~ L ~ ~ ~ l~t~'> Ra t01I e~ ~ _ / ~ a~ , e~~. ~~L.~-~il ' Mary' l.. tOI1 (Ses~ : ' STATE O~ ~ 5S~ S Si/~i ds ~ ~ couNrY oF ~rl ~ Ray Barton a„d Before me personally appeared ~ry L? ~$rtOD his wi(e, to me well known and known to me to be ~ the individuats described in and who executed the foregoing instrumenf, and acknowledged befwe me that they executed the same for the purposes therein expressed. And the sai' M~y L~ ~rtOA ~ ~ p,~~~ ~ ,~vife of the said "0`7 ~rt~ upon s sepa~ate and private ~ examination by me taken separate and aoart from her said husband, stknowledged to and before me that she executed said instrumeM freely snd volun- ~ rarily and without any compulsion, constrai~t, apprehension, w fear of or from Fxr said busband. ' ~ ~ WITNE55 my hand and official seal this~~ dsy of ~9 ; t ~ c :K. . 1 i ~7.~-.. . - =i- - Notary Publ~ ' and fw the State of ii~di~ebir~c , ~ My Commiu~on expires: /I1: S~.~S j~~~ ~ ~ " Retum To: ; first federal Savings b loan Associat~on • . r~' 4~y Q~ n ~S # ~ _ -,fl ; Of fort P~erce. " ' ~ Fort Pierte, Fbrida t . 26~9~ - f ~ . . ~ ' _-,~l . . , - ' ~ This Insftument Pre red B 4~ Pa Y J. H. Roberts Jr . c _ _ : _ . ~ . f~a ~xU ~t~oR0E0 , First Federal Savings & loan Association _ : ;T.lUC1E C OnMtY FLA. ; ~ . of Fort Pierce , Florida? AO-:EU ?0lTR11S ~ ~ ; • ~ _ , ~fRK C;~:UIi COURT _ - . _ - i Checked By RF~OP9 Y£Rt~Ifl1~ _ _ ~ . _ ~ ~ c F~ SEr f1 9 49 AM'73 - ~ ~ BOOK~10 PACE~62$ ~ K~ ~`.i • ~ ~T' , ~ : : - - - - - - - - - - ~ _ ~•~_.fz . _ _u , _ r _