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Home My WebLink About0207 . . ~ ~y . 3. To p~ace and condnuou~ly keep on ~he bu+!d~ng~ now or hereaf~er ~i~~ate on said ~and and on all eq~ip~neM and perso~ally covr.ed by th7s mw~g- egs, w~th •11 premiums ihe~con pa~d in full, iire ins~rance in Na ~suol iiandard po~~cy form, in a sum approved by the MORiGAGEE, and windstorm ~nsuranca (n tha usual s'anda~d pot~cy lorm, in a ~um approYed by ~he MORTGAGEE, irt such canpany or co~npan~es as the MORIGAGEE may d~rect; and all fire and w+ndstorm insurance pol~c~es a+ any o} said bvild~ngf, any imeres~ therei~ or par~ thereol, in tM agg~eyete ~um afaew~d or in eaces~ ~hereof, shall contai~ the uiuat standard mor~gagee clause w such o~her clause as th~ Nb~~gagee may requ~re._makinp tha lois undrr sa~d polt c~ei, each and every, payab!e to •aid h10RTGAGEE as ~ts interes~ may appear, ~nd esch and eve~y such pol~cy shall be promptly as~ gned and detivercd to eny held by said MORTGAGEE as iurther ~ecurity, lo said mor~gage debt, snd, not leu tMn ten (10) days in advance of ihe eap~rotion o} each policy, to d~- Irver to said MORTGAGEE a renewal tbereof, toge~her with a rece~pt for the pramium of such renewal; and ~here ~hall be no fire o~ wi~~dsto~~n insvrance placed on any of taid buildings, ~ny in~ereit there~n a parl thereo(, unleis i~ ~he form and with ~he loss payable as sf«esaid; and in the svent any sum of monoy becomes payable under such poticy o~ poliues said MORTGAGEE ihall have•ihs opt~an to receive and apply the ~sme a+ account of the indebted- nefs secwed hereby o~ to permit said MORIGAGORS Io receive and uss it w ary part thereof io~ ocner purposes, v.aho~t th~~~ 1,~ .va~+i~~3 or ~~„p.:ir• ing any eQu~ty, lie~ a r~gh~ under w by virtue of this mo:!gage; and in the event sa~d MORTGAGORS shall to~ any reason fa7~ to keep ~he sa7d p~emisrs so insured, w fail fo deliver promplty any ot said pol~cies of insuro~+cs to aaid MORTGAGEE, or fail pro~nptly to pay fully any pre~nium therelor o~ in a~y rospect (ail to ptrfwm, diatharge, execute, ef(ec~, complete, con•ply wi~h and abide by thii covenant, or sny pa~t hereof, said MGRTGAGEE may place and pay fa such ina~ranc~ or sny part thereo( wi~hout waiving o? affcc~ing any option, lien, equ~ty, or righ~ under w by v~~~ue of thi~ Mortgage, and the tull amount of each a~d every such paymem shall be immediately due and payable and shall bear interest from Ihe date thereol until paid at the rate of n~ne per centum pe? annwn and to~ether with ~uch interest shali lx secured by the lie~ of this mortya9e• 4. To permit, tommit or suffer no waste, impa~rment w deterioration of said property or a~y parl thereof. S. To pay atl and singular the costs, charges and expe~ses, ~ncluding a reaso~abie anwney's fee and costs of abstracrs oi t~Ne, incurred or pald at eny time by uid MORTGAG:E, betaux a in 1he event of the failure on ~he part of the said MORTGAGOR to duly, promp?ly and fully perform, d~scharge. 's e,ecute, effed, complete, compty w~th and ab:de by each and every the stipu~aNOns, agreements, conditions, and covenanq of said promissory note and th+s ? mor~gaye any or e~~her, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whe+her or not tF+~re br not~ce da mand, anempt to collect w suit pend~ng; and the fu~l amovM of each and every such paynuM sMll bea~ inrerest from the dare the~eof until paid a~ the ~ .,~re of nine per centum per annurn; arx3 all said cos~s, chsrges and eapenses incurred o? paid, together w~th such in~erest, shall be sec~red by the lien of this $ mortgaga. - { b. TMt (a) in IF?e event of any breach of this Mortgage or defa~lt on the part oi the MORTGAGOR, a(b) in the evcnt +ny of sa:d sums of money t h:erei~ referred to be not promptly and fully paid witliin thirty (30) days next after ~he same seYerally become due and payabte, without demand o~ notice, q ic) in t!?e evmt each and every the sfipu~a~ions, agrecments, cond~~ions and covena~ts of sa:d prom~ssory nae and th~s mortgage a~y or eithe: are not ~uty, promptly and fully perfonned, d~scharged, executed, effected, compteted, complied with and abided by, then~in either or any svch evenl the sa~d ag gregate sum ment'aned 'en said promiaswy note then remaining unpaid, with interesl accrued, and all moneya secured hereby, shall become d~e and pay- eb~e forthwith, or thereafter, at the optio~ of said MORiGAGEE, as fully ard completely as if all of the said sums oi money were originally st~pulated ro be pa~d on wch day, anything in sa;d promissory note or in thss Mortgage Io the contrary notwirhs~anding; and thereupon or thereafter at the op~~on of sa~d MORTGAGEE, withouf nance o~ demand, suit at law or in equity, therefore or thereafter begun, may be proaecuted as if all rt~orteys secured hereby hzd matvted pnw to ~ts institution, i 7. That in the event that at the beginning o~ or at any timt pending any suit upon this Mortgage, w to foretlox it, or to reform it, or to enforce paymenl of any claims hereunder, said MORTGAGEf shafl apply to the Co~~t haviny ~urisd~aion thereof (o~ Ihe appo;ntment of a Receiver, such Coun shall ior~hwith appoiM a receiver of said mortgaged property all and singular, includ~ng atl and singula~ the income, prohts, issues ar.d revenues from whatever aou~ce derived, each and every of wh;ch, it be~ng expr'essly unders~ood, is hereby mongaggd as if spec~f~catly set fonh •nd described in the graroi~g and habendum clauses hereof, and such Receirer shall have all the brwd and effecTive funct~ons and powas in anywise entrusted by e Court to a Receiver, and i s~.ch appointment shall be made by such Ceurt as an admitted equity and a matter of absolute right to said MORTGAGEE, and witho~t, refere~ce to the ndequacy or inadeqoaq of the value of the property rr.orfgaged ot to the so~ve~cy w intolvency of sa~d MORiGAGOR or the de.fendantf, and that wth rents, profits, i~come, issues and revenues shall be applied by such Reteiver according to the lien a equity of uid MORTGAGEE and ~e practice of such Courf. 8. To duty, promptly and f~lly perform, d~scharge, execute, clfect, compSete, comply w~~h and abide by each end every the stipulations, ag~eernenta, :onditions and covenan?s ~n sa~d promfssory note and eh~s mortgage set iorth. 9. That in the evenl the ownership of the mongaged premises, or any part thereof, becomes vested in a person other tfian the MORTGAGOR, the M.ORTGAGEE, its wccessors and assigns, may, without no~ice to the MORTGAOR, deat with such aucceuor or successw in inte~est with refrrence to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vitiati~g or d~scharging the Mortgagors' liability here- ~nder w upon the debt hereby secured. No sale of the premius hereby mortgaged and ~o forbearance on the pan of the NIORiGAGEE w its successors or ass~gns and no exte~sion of the time for the payment of the debt hereby sec~red given by the MORTGAGEE or its succeesors or assig~s, siwll operate !o re~ease, d~scharge, modify change or affect the original liabiiity of the MORTGAGOR herein, either io whole or irt part. 10. It is spec~fically agreed that time is of the essence of this contract arsd that no waiver of any obl~ga+~on hereundet u of the obligation s~ c~red lxreby shall at any time thereafter be hetd lo be a waiver of the terms he~eof or of the instrument setured herby. 11. In add~Gon to the forego ng monthty paym=nts of princ'pal and imerest requ~red by the p.om~ssory rwre secured hereby, mortgagor covenants ~ jnd agrces to pay to mortgagee with each monrhly pa~rnent an add~rional sum eshmated by mortgagee fo be eqval to Ij 12 of the ann~al cost of the follow- i A-AU real property taxes lev~ed or assessed agai•,st the above described real estate. ~ B-Pran:wms on fire and windsronn insurar.ce as herein requ:red to be carried on the improveme~ts s~tuate on the above dexribed premises. C-Prem~ums on such mo~tgage guaranty insurar,ce as mor~gagee shall from t~me to ti~ne deem fit to carry on the loan secured hereby. ~ Mortgagee s6a!I ~rom time to time nor~fy mo~tgago~ in wr~ting of the amo~M due and payab?e hereunder and such sum shall thereupon be due and j ; ayable on tF~ due date of the ne: onthty payment and each sutcessive momh thereafter urtil mortgagee shall rtotify mortgagor of a change in such i ,~~~ount. Such sums sF.ail y~ applied b~ ~agee toward the payment of real p~operty tazes, insurance p~em:ums, and mortgage guaranfy insurance ~ ;~~emiums. A i Y~ITNESS ' E the 'd~ MORT R has hereunto set his hand and seal the day and year first aforewid. g Se a ed i~ pr of: ~ ~ ~a-~~lp_a cs~sq ~ _ - IGenneth Ratle e ~~,q ~ Helen C,~Ratledg ~~a~~ ~ (Sesq ~ STATE OF fLORIDA COUNTY OF ST . UICIB } ~ t ~ Kenneth Railedae a~d # Before me personally appeared Helen C. Ratledge his wife, to me well known and known to me to be ~ ~ rhe individ~als deuribed in and who execufed tF~e foregoing instrumeot, and acknowltdged befwe me that they executed the.,sam¢ for. the purposes j Ratledge r ' ~ ' ~ therein expressed. And the said Nelen C. . ~ ~ ,.~1fe of the said Kenneth Ratledge .~„~e s~a~ste'and.private ` ~ examination by me-taken separate and apart from her said husband, ecknowledged to and before me that she executfd sajay~r{~tr~ln~rg g(Y ~roluo- ra~ily and w~thout any compulsion, constroint, apprehens~on, or fear of w from hei said husband. ~ ~y~~ N' _ ~ ~ ~ ~ da of Septe~b~r . . ~ ' ' a ~ 19~3 ~ ~ WITNE55 my hand and official seal this_ y ti. _ ' 'f . _ ~ ' : 3 z Notary Public in and fw ~,St 'qf Florida at,l~ty~ , . . ~ My Comm~ssion expires: • • , - • • v Retum To: ' ~ i fint federal Savings 3 Loan Associat~on No~ery P~S6c, Smt~ of florido.ot•?ur~ O( Fort P~erce. ; Mr Commission facpitN Od. 30, 197f - ~ fort Pierce. Fiorida bnded b~ American F~~~ ~~sy~~ ~ ~ This Instrument Prepared By J. Hal Roberts ~ Jr. " i LEO ~K:^ ~EC~.°.DEO First Federal Savings 8~ loan Association f~.I,UC~~ ~7~NT1I FLA. ~ Ri1G~^" PO~TR,tS of Fort Pierce ~ Flozida C~E~K C:~?CU~T COURT RfC"~.' 'iE'. ~i~0 - Checked By ~ ; ~ S~ 1T 10 24 ~M~73 = ~ ~ k`e 264539 ~ BGai~~~ fA~t ~ ' ~ - _ _ ~ , . ~