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Home My WebLink About0068 3. To place and continuously keep on t!u bui'd~ngs now or hereafte~ •ituate on said land a~d on all equipmem and personally covered by this mwtg- ag~, with all prem;ums thereon pa~d in futl, iire insurance in the usual srandard policy forcn, in s sum approred by the MOR3GAGEE, and winda~orm insuranc~ in Ihe usual standa~d pol:cy for~n, in a sum app~oved by the MORTGAGEE, in such company or compan~es ss 1F.e MORIGAGEE may dirM; and all (ire and wiodstorm insurance po~rcies on any of said buildmgs, sny inlerest therein or par~ Ihereof, in Ihe aggrega+e sum aforesaid or In excess tFwreof, shall contain the usual standa~d mortgagee clause a such other clause ~s Ihe Mortgagee may requ~re, making the toss under sa~d po~i- cies, each and every, payabia to said MORTGAGEE as i1s intrrrs~ may appea?, and each and eve+y iuch policy shall be promp~~Y ass gned a~}d de~iverrd ro iny held by sa~d MORIGAGEE as fur~her secu~ity ro said mort9aga debt, and, no~ less than ~en (10) dayi in advance of the expirat~on of each policy, to de- ~~ver to said MORIGAGEE a renewal thereof, toge~her wi~h a rece~p~ fa the premium of such renewal; and ~here shall be no i~re or wi~,dstonn insurance placed on ~ny of said buildings, any inte~est the~e~n w per~ thereof, unless in the form and with ~he loss payable as aforesaid; and in the evanf any sum of money becomes payabte under such Qolicy w pol~cies sa~d MORTGAGEE shall have ~he opt~on ~o receive and app~Y ~ha san,e on account of the indebted- neu setured heroby or ro petmil said MORTGAGOR$ to reteive and use it a any part thereof tor oti~cr ~purEoses, v.~~ho~t ~hr.'o~ ~va~~r~~ cr m~pai~- ing any equity, lien w right under or by virtue of Ihis mo: egage; and in the eveM uid MORTGAGORS shall (or any reason fail to keep ~he said premisrs so insured, or fail ro deliver promptly any of said pol~cies oi insurance to said MORTGAGEE, or fail promptly to pay fuily any prem~um therefor or in a~y respect fail ta perform, d~scharge. eYecute, effec~, comptete._coPW(y w~~h and abide by ~hii covenant, or any part hereof, said MORTGAGEE may p+ace a~o pay fw svch insurance or any part thereof wiihout waiving or •ffecting any option, lien, equity, o~ ?ight under or by virtue of this Mortgage, and the full amount of each and every such payment shall be immediately due and payable and shalt bear interest from the date tt~ereof until pa~d et the rate of n~ne per ce~tum per annum and to~ether with such iroerest shali be secured by the lien of this mortgage. 1. To permi?, commit w suffer no waste, impairment a deterioration of said property or any part thereof. S. To pay all and s~ngular the costs, charges and expenses, including s reasonable attorney i fee and costs of abstrac~s of title, incur~ed o+ pa~d at any lime 6y.said MORTGAGEE, because w in the event of the failure on the part of Ihe said MORTGAGOR Io duly, p.omptly and fvlly De~Form, d~xharge, execute, eff~ct, comple~e, comp~y w~th and ab;de by each and every the stipulations, agreements, conditions, and rovenants of said p~an~ssory note and th~s mortgage any or e~~her, and said costs, charges and eapenses, each and every, shall be immedia?ely due and payable; whether or not there be notice dc mand, attanpl to collect w suit pending; artd the full amount of each and every such payment shall bear interest from the date thereof until paid al the r~~e of nine per cemum per annu~; and aIl said coats, charges and expr~ses incurrad o~ paid, together w~th such i~.terest, shail be secured by the lien of this mortgage. ~ b. That (a) in the event of any breach of this 1Nortgage w defautt on the part of the MORTGAGOR, or (b) in the evenl any of said sums of money : herein refe~red to be not promptly and fully paid within thirty (30) days next afeer fhe same severally betome dve and payable, without demand or notice, or (c) in the event each and eve~y the stipulations, agreements, conditions and covenants of sa~d promiswry note and th~s mortgage any -or e~ther are not i~ly, promptly and fully performed, d~scfiarg~, executed, effected, completed, compfied with and ablded by, then in either or any such event the said ag gragate sum mentioned ;n said promissory note then remaining unpaid, with interes? accrued, and atl moneys secured hereby, shall become due and pay- aDle fwthwith, or thereaiter, a1 the option o( sa;d MORTGAGEE, as fvlty and completely as if alf of the said sums of money were originally stipufated to be paid on such day, anything in sa:d proinissory note a in this Mortgage to the contrary notwiths~anding; and thereupon w thereafter at the opt~on of said MORTGAGEE, without norice or demand, suit at law or in equity, therefore w Ihereafter begun, may be prosecuted as if all moneys secured hereby had matured pnor ro ets institution. 7. That in the event that at the beginning of or a1 any time pending any su~t upon this Mortgage, or to foreclose it, o~ to reform it, or to enforte payment of any tlaims hereunder, said MORTGAGEE shall appty to the Court having jur.sd~ctlon thereof for the appo~ntmeM of a Receiver, such Court shall forthwith appo~nt a receiver of said mortgaged prope~ty all and singular, includ~ng all and singutar the income, prof~ts, issues and revenues Irom whate~er seurce derived, each and every of wh~ch, it being expressty undersrood, is hereby mortgaged as if speci(icat:y set forth and destribed in the granting and habendum clauses hereof, and such Rece~ver shall have all the b[oad and effedive funct~ons and powers in anywise entrusted by a Cou~t to a Receiver, and s~ch appointment shail be made by such Court as an ad,nitted equity and a matter of absolute right to sa~d MORTGAGEE, a~d w~tFwut reference to the e~:equacy a inadequaty of the va~ue of the property mwtgaged or to the soWenty w insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. ~ 8. To duly, promptly and fulty perfo~m, discharge, execute, effect, complefe, cnmply with and abide by each and every the stipulations, agreemenfs, condiYwns and coveoants in sa~d promissory note and thes mortgage set forth_ 9.`That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person otF~er than the MORTGAGOR, the MORTGAGEE, its suctesso~s and 'ass~gns, may, without notice to the MORTGAOR, deal with such successw w successw in interes~ with reference to this rnorrgage and the debt hereby secured in the same manner as with Mo~tgagor without in any way viuating or discharging the Mortgagors' liability he~e ~nder or upon the debt hereby sec~red. No sate of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE a its successors or assigns and no extension of the Ume ior the payment of the debt hereby secured given by the MOkiGAGEE or its successws or ass;gns, s~ialf operate ro release, dsscharge,.modify change or affect the orig;nal liab~lity of the MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder w'of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms hereol or of the instrument secured herby. 11. In addnlo~ to the fwego~ng month!y paymenrs of princ pal and inTerest required by the pram;ssory no!e sec~red hereby, mortgagor covena~ts acd agrees to pay to mortgagee with each month!y payrnent an add~~iona~ sum esr~•rated by mortgagee !o be equa! to 1/ 12 of the anr.ua! tost of the follow- ing: A-All reaf property ta~ces tev~ed or assessed agai~~st the above descri5ed real es!ate. B-Premiwni on fire and windstorm insu~ar,te as hercin requ~red to be carricd on the improveme~ts situate on the above destribed premises. i i . ~ C-Premium: on svch mortgage guaranty ir.svrar~ce as mortgagee shall from time to nme deem fit to carry on the loan secured hereby_ ' Mortgagee shail from ti:ne to time notify mortgagor in writlog of the amount due and payable hereundrr and such surn sha~~~~hereupon be due and ~ f F~ ~abte on the due datr of the next monthly payment and each succeszive mont6 thereafter urtil mortgagee sha11 notify mortgagor of a change in such a~~,oum. Such sums shait be applied by mortgagee roward ti,e payment of real property taxes, insurance prem:ums, a~~d mortgage guaranty insurance t premiums. ~ IN WITNESS VJHEREOF, the said MORTGAGOR has hereunto set his hand and scal the day and year first aforesaid. ~ Sgne Seyled d elivered in he presence of: _ ~ ~ ~ oo ~O ~ ~ ~,c~` ~ /~~-an d Francis w. O~ ien • cse,n ~ ~.Ge`..~-r - ,N. CO . r ~ - - (seaq ~ - Sleanor~ K. O t Br ien ~~a~~ • , STATE OP~Otl~ ~Z~I181'Id ! • ; u ~ ~ Citv of Balti~ore Y~ i ~ eefwe me personally appe FY2~IC3.3 W• O~ Bzien a~ ~eanor O• Biien his wife, to me well known and known to me to be ~ rhe individuals described in and who e:ecuted the foregoing instrurrKnt, and acknowl;~ ,ed before me that they executed the same for the purposes ~ therein expressed. And the said $le3II0I ~ Q" fSYl@JI • ~ .v~fe of t1~e said Franeis W• ~~$Zi@I1 upon a separate and p~ivate ~ e,caminat~on by me taEen separate and apart from her said husband, atknowledged to and before me that sFie executed said instrument freely and voluo- ra+ify and w~thout any compulseon, constrai~t, apprehpn io/~„or fear of or from her said husba ~ ' r; WITNE55 my hand and official seal this- ~ day of ea~r A. D. 19 73 4 ~ C .,.,~~~i~~ii ~ e , . Notary Public in and the of FI a~~~~ e~~ J~/~~jc.,~, ~ - My Commission expires: ` ~ ~ ~ Retum To: . ~ _ '~l~. ` , ~ ~ C7 9 ~ ~ - F; First Federa) Savings S loan Association ~ ' G - o Of Fort P~erce. - % ~ S ~ w,,. ~ Y' ~;y Fort Pierce, Florida ~ : •i ~ ~ 1' . FIIED A!t~ REC~JP.~ED ; ~ ~~,~c•~ = ST. LUCIt G4UNiY FLA. `~r~•. ~v ' ~ RdCEF: fO~TRAS :'3',••....•~`~ This Instrument Prepared By J. H. Roberts~ JZ. CIERK C'.~..t31T COURT i~,' First Federal Savings 8 toan Association FECCRn vER~fEE~ •j::•••:~• ~ ~ of Fort Pierce~ FloYida 3~ SEP 16 9 33 AH'73 ~ Checked By ~ S~RK ~act 264452 J ~ ~ . ~ • - ~ ~7 _ , _ - ~ , - ` ` > ,,_r~ ~ ~ ~ } ~ , _aa"~` , r ~_.6~ .R : . , . _ - - ~ L,_~~,_ .r