The URL can be used to link to this page

Home My WebLink About1738 . 3. Tq p~act and continuously keep o~ the bui!dings now w hereaiter ?ituate on sald land and on all equipment a~d {u~sonslly covered by thi~ matg- ege, w+th ~II premiu:ns thercon pa~d i~ 1ull, flra insurance ln ths usual sta~ard policy form, i~ a sum approved by the MORiGAGEE, a~~d winds+wm inwranc~ In tM usual ~tandard pol+ty fam, in ~ ~um approved by the MORTGAGEE, in such tompa~y or tompa~;es as ths MORTGAGEE may diretlj a~d all lir~ •nd wi~dstorm in~ursnce poliues on ~ny of iaid b~ild~ngs, any intereet therein or ~art thereol, in the aggregete sum ~fo~esaid Qr in txcea ~hereof, shall contai~ tFu us~el s~aadard mortgag~e clauss w ~uch otha tlauie ~s 1M MwtyagN may requ~~e, makiny fhe Ios~ under sa~d poli~ cies, each and every, payabl~ lo saed MORTGAGEE as iti interrsl may appear, and each and eve~y tuch pol~cy ~hall ba promp~:y ass gned a~~d delivered ~o , ~ny held by ssid MORiGAGEE as further security to uid mortgage debt, and, no~ leu ~han ten (10) days in advance of the exp~~at~on of each policy, to d~- liver to taid MORTGAGEE a renewal thereof, togelher with a raceipt fw fhe p~em~um oi suth renewal; and there shall tx ~+o fire w windstorm insurance placed on ~ny of said buildinys, •ny imeresl therein w part thereof, unleu in th~ form and with tM lou payable at aiwesaid; and in the event a~y swn of mon~y becomes payable v~der iuch policy or policios isid MORTGAGEE ~hall have ~he opt~on to rccrive and apply the same on accounl of the indebted- nei~ secured hereby a ro{xrmit said MORTGAGORS to receive snd use it or any part thereot tor other purposes, v.~~hout ~h:~cb~ wa~~iny~ o~ ~mpair- ing any eq~ity, lie~ a righl undc~ u by virtue of thia mo:tgage; and in 1M event said MORTGAGORS shafl fw any ~eason fail to keep the sald premisas so insured, o? fail to deliver promptly ~ny of said pol~cies of insurance to said MORTGAGEE, a faif promplly to pay iu(ly any pre~nium therefw w in a~y respetl fail ro perfam, discharge, execute, eifecL comptete, comply with snd ab7de by this covenam, or any part hueof, said MORTGAGEE may p~sce and ~ pay for such in~urance or any part thereof withoul waiving w aftecling any option, lien, equity, or right u~der w by virtue of this Mo~~gage, +nd the full amount of sach and every such psyment sMll be immediately due and payable and shall bear •interast from the date thereof until paid st the rate ol •-.-.w__ ..._L .L.It 1.~ du l:~w n( ~6:a ~nlv?na~w ~ ; ....:c c"_•-_. _.-a.-,..'. . _ _ - . . - - _ _ - 1. To ptrmit, commit w sutfer no waste, impairment or deterioration o( said property w any part thereof. 5. To pay all and singulsr the costs, cAarges snd expenses, including a reasonable attwney i fee and co:ts of abstracts of titls, incurred or paid at any time by said MORTGAGEE, because or in the event of tFK fa~lu~e on the part of ~he said MORTGAGOR to duty, p~omptly and fv~ly perform, d~scharge. exxute, eifect, complete, canply wnh and ab;de by each and every the stipulai~ons, agreements, co~ditions, and covenaros of said promissory note and ehis mwtgage ~ny w either, and sa~d cos», ch~rge~ and expenses, each and everjr, shall be immediately due and payable; whether a not there be not~ce do- = mand, attempt to collect w suit ptnd~ng; aod the full smount of each snd every s~ch payment slall bear interest from the date thereof until paid at the rate of nine per centum per annum; and all uid costs, charges and expenses incurred w pa~d, together w~th such interes~, shall be secured by the lien of thii mortpag~. 6. That_(a) the evenf of any breach of this Matgage or default on the part of the MORTGAGOR, w(b) in the event any of ~atd tums of money hereir~refuced tn be not p!emptly a~d ivlly psid wit6in th~rty (30) days neat ai~e~ the same severatty become due snd persbk, withou~ demand or not~ca. or (tJ in the event each and every the stipulations, sgreements, cond~tions and covenants of sa:d promiuory note end ~h~s mongsge sny a e~ther are oot ~uly, promptly ar+d fully pe~formed, d~xharged, execvted, effected, completed, complied with and abided Sy, then in either w any such event ~he u~d ag gregate wm mentioned in said promisswy note then ~emaining unpaid, with interesl accrued, and all moneys secured hereby, shatl become due and pay- able forthwith, or tFxreafter, at the opt~on of said MORTGAGEE, as (ully and completely as if all of the wid sums of money were originally atipuiated to be paid on s~ch day, anything in sa:d promissory note or in this Mo~tgage to the contrary notwithstanding; and ~hereupon or thereafter at the option of said MORTGAGEE, without notice or demand, suit at !aw ot in eqvity, thereFwe w thereafter begun, may be prosecuted as if all moneys secured hereby nad rt?aturtd pnOr to its institution. 7. That in the event that at tne beginning of or at any time pendirg any suit upon this Mortgage, o~ to fareclose it, or to refwm it, o~ to cnforce payment of any claims hereunder, said M~RTGAGEE shall apply to the Court having jurisdraion thereoi far the appomtmem of a Receiver, suci~ Coun snaii Forthwith appoint s receiver of said mortgaged property all and singulu, incivd,ng all and singular the income, profits, issues and revenues irom whatever source de?ived, each ~nd every of which, it being expressty understood, is hereby mortgaged as if speclfically xt fwth and desvibed in the gra~~ling and habendum cleusa hcreof, and such Receiver shall have all the broad s~d eifective funa~ons and powers in anywise entrusted by a Court to a Receiver, and such appoinrment shsll be made by such Court as an admitted equity and a matter oi absolute right to said MORTGAGEE, and without re(erente to the edequacy w inadequacy oi the value of the property mortgaged or to the solvency or insolvency of said MORTGAGOR w the defendants, and that such ren~s, profits, incane, issuea and revenues shall be applied by such Receiver accord~ng to the lien or equity of saEd MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully per(orm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ~ conditiom and covenants in said promissory note and this mo~tgage set forth. 9. That in the event the ownersh~p of the mortgaged Fremises, or any part tF~ereof, becomes vested in a person other than the MORTGAGOR, the ~ MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor a successu in interest with reterence to this ~ ~ nortgage and the debt hereby secured in the same manner as with Mortgago. without in any way vitiating ot d~uhargirg the Mortgagors' lisbility her~ under or upon the debt hereby secured. No sale of the premixs hereby mortgaged and no forbearance on the part of the MORiGAGEE or its successws or assgns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE o~ its successus w auigns, shall operate to release, diuharpe, rt~odify chenge or affect the original Iiab;l~ty of the MORTGAGOR herein, either in whole or in psrt. !0. It is specifically agreed ~hat time is of the essence of this contract and that no waiver of any obligat~on hereunder w of the obligatan se- c~:e51 hereby shall at any time thereaf~er be held to be a waiver of the terms hereo( or of the instrument secured herby. i 11. In addirion to the fwego:ng monthly payments of princ'pal and interest required by the prom~ssory nore secured hereby, mortgagar covenants and agrees to pay to mortgagee v~.~th each monthly pay~nent an add~rional sum est~mated by mortgagee to be equal to 1;' 12 of the annua) cosl of the follow- ing: A-All real property faxes levied or assessed against the above described roal estate. B-Premiums on fire and windsto~m insurance as herein rettiu;red to be ca~ried on the improvements situate on the above desc~ibed premises. C-Premiums on such mortgage guaranty ir.surance as mo~tgagee shall from t~me to time deem fit to carry on the loan secured hereby_ I Mortgagee shail from time To time noti(y mortgagor in writing of the amount d~e and peyabte hereunder a~d such sum shalf thereupon be due and ~ Fayable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgago~ of a change in wch ~ a••~r-Such.wms shall-b4-applied-hy.mnctgag~tflrrard 1he_Faymsnt pf, rgal p~oper~ taxes~ insurance prem:ums, and mortgage guaranty insurance j premiums. , _ IN WITNE$S WHEREOF, the said MORTGAGOR has hereunto set his hand and scal the day and year//fi~~rst aforesaid. ~ aled a detiv ' the pr nce ~ ,`e~`.-~- i - ~ M 1 L A •j • r' CO Se~ ~ , ~ witness: • Virgi ia . Fla ' ~io ~s~ ~ ;~A~~ o~ VIRGINIA C~'ea nirr oF (~Cc ~~~~t~ ti ~ ss. Before me personally appeared A• J. F1aC01o10 Virginia S. FIdCOR10 his wife, to me well known and known to me to be the individuals deuribed in and who executed the foregoing instrument, and acknowledged befwe me that they executed the same : tor t1x~,qurposes rherein exp?essed. And the sai~ Virainia S. laCOmlO ~ f~ T~' ~:;E A. J. FlaCooio t w~fe of the wid upon a{~p~rate arSA~llkYate" ~ =xamination by me taken seFarate and apart from her said husband, atknowledged to and befwe me that she exetuted said instryrt~s'ht~~1C, and vo1d~ : rarily and w~thout any compuision, constraint, apprehension, or fear of or from her said husband. ~ ~ , ~ WITNESS my hsnd and official seal thi~~"• day of Au<JuSL "~p. ~Q` ~~D % ~ - - - - - , ^ ~ Notary Pub~ic in and for the State o.L( i~ 't aTt ~.,r~e'' ; My Commisiwn expires: //~/7~9~ v75~~~,l..q... - - ~ ~ Return To: J ~ a~' First Federal Savings 3 loao Associat]on ~ j ! ; Of Fort P:erce. ` Fort P~erce, Florida ?IlEO AK~ RE Sj Rocf~ p~~TRr FiA' ~ g CIERK Ctr~~~~ ~s ~ ~ RECORD y ~ t COURT This Instrument Prepared By J. Ha2 Roberts, Jz. ERaF~EO`r First Federal Savings 8 Loan Association cw_ I? ~ of Fort Pierce ~ Florida J • ~ ~i 9 06 aM 73 ~ Checked By~` 26.~~y va)12 ~ OR ~ . , Boox218 PA~~73? ~ - . - ~ ~ _ _ - - - - ~ X _ y ~ > , _ ~