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Home My WebLink About0209 3. To piace and continuously keep on the bu~'d~ngs ~ow or i~ereafter •~tuate on sa~d land and on ali equ;p~nenl and personally coverrd by Ihis mortg sgs, wilh sll premiums thereon po~d in lull, I~~e iniure~~co in the uwal s~andard pot~cy form, in • s~m approved by Ihe MORiGAGEE, a.~d windstorm insurants in Iha us~sl s'~ndard pol,ty fo~i», in s sum approred by the MORiGAGEE, in suth tompsny or to~npan~es as the A~ORTGAGEE mey d~rect; a~d all fire and w~nds?orm insurance pol~cies on any o( sa~d build~nps, ~ny in~ere~t ehere~n o~ pa~t ~hereo}, i~ the aggrega~e sum ~fae~aid w in e~ccest ~hereof, slwlt contain ~he usuat standard morrgagee clause or such o~he~ clau?e as tlx Mo~igages may requhs, mak~ng ~he loss unJr~ ~a~d po1~ ues, each and eve~y. payab~a to said AtORTGAGEE as ~is intrrest may appear, and each and every such po~~cy shaN be promp~ly ass g~rd a~~d de~ivered ~o any held by sa~d MORiGAGEE as fu~~he~ sewrity 1o sa~d mortyage deb~, and, not tess than ~en (10) days in advance ol the expiration of each polky, lo de- liv~r to said MORiGAGEE o ~enewal thc~eof, togNher wiih a rete~pt (w the p~rmium ol suth renewal; and tFWre shall be rw f~re or windstorm inwrante placed on any of said buildings, any in~eres~ there~n or pa~l thereof, unlees in the form and with the loss payab~e as aforesaid; and in the even~ any sum of mo~ey brcomes payable under such polity o? pol~cies said MORTGAGEE shal) have the oFt~on to recr:ve and apply the same on account of the indrbtrd- neu secured hereby o~ to permit sa~d MORTGAGORS ro receive and use it a any parf ~hareol tor other p~r~,oses. .•.~++~o.:r ih •~eu~ N~~.~ ~7 0~ ~~~~p~~~• ing any equify, lien a right under w by virrue of this mo:tgage; and in the event sa~d MORTGAGORS shall for any reaso~ (ai) to keep the said prernis_s so insured, or faiJ to deliver promptly any of said pol~cies ot insurarue to said MORTGAGEE, or fai! pi~mpdy to pay fu~ty any pre~ni~m ~herefor a in a~y resped fail to perform, d~scharge, exetute, eifect, complete, comply with and abids by this covenant, or any pa~~ htreof, said MORTGAGEE ~nay place a~~d pay fw such i~surance o~ iny part thereof wi~hout waiving or affecting any option, lien, equ~ty, o? righ~ undr~ o~ b~/ vi~tue of this Mortgage, and the y full amount of each and erery such pay~nent shall be immediately due and payable and shalt bear interest from ~he date thereof until p~id at the rate ol nine per centum per annum and to~ethrr with such imere~t shaU be secured by the lien of this mortgage. 1. To permit, tommit or suffer no wasfe, impairment or deteriora~ion of said prope~ty or any part thereof. S. To pey all and singular the cosfs, charges and expenses, including a reasonable aftwney's iee and costs of abstracts of tiNe, incurred w paid at any time by ~aid MORTGAG'.E, because oi in the event of the failure on the part of Ihe said MORTGAGOR to duly, pranptly and tully perform, d~scharge execute, efFett, tomptete, comply wi~h and ab:de by each and every the stipulat~ons, ag~eements, conditions, a~d covenams oi said p~aniswry note and thf~ mortgage any or either, and said costs, charges and expenses, esch and every, shall be immediately due and payabte; whether or not there be norice da mand, attempt to colled or suit pend~ng; and ~he full amount of eatF. and'every such payment shall bear,interest from ~he date thereof u~til paid al Iht rare o( nine per centum per an~iu~n; and all sa~d costs, charges and expenses incurred or paid, togethrr w~?h such interest, shall be secured by the I~en of th~s mortgags. ' 6. That (a) in tfie event of any b~rach of this Mortgage or default o~ the part of the MORTGAGOR, w(b) in the event any of satd sums of money herein ~eferred to be not promptly and fully paid wiihin thuty (30) days nex~ after the same severatly become d~e and payable, without demand or notice, or (c) in the event each snd every ~he stipulations, a~reements, cenditio~s and covenanta o1 sa:d promissory ~ote and th~s mortgage any w either are not ~vly, promptly and f~lly performed, d~scharged, executed, effec~ed, completed, complied with and ab~ded 5y, then in either or any such event the sa~d ag gregate sum mentioned in said piomissoty note then remaining unpaid, with inte~est accrued, and all moneys secured heteby, shall become due and pay- abte (orthwith, o~ thereafter, at the op:ion of said MORTGAGEE, aa fully and completety as i( all of the said sums of money were or~ginal~y stiputated to be pa~d on such dsy, anything in sa;d promissory note or in this Mortgage fo the contrary notwithstand~ng; and thereupon or lhereafter at the opt~on of said MORTGAGEE, without norice o~ demand, suit at taw or in equity, iherefore or thereafter begun, may be prosecuted as if all moneys secured htreby had matu~ed pnor to ~ts insfitution. 7. That in the event that at the beginning of ot at any time pending any iuit upon this Mortgage, or to fweclose it, or fo reform it, or to enforce payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jurisd:ction thereot for the appointment of a Rece~ver, s~ch Court shall fc~thwith appoint a receiver of said mortgaged property alf and singular, includ~ng all and singu:ar the income, p~of~ts, iss~es and revenues from whatever souice derived, each and every of wh~ch, it bei~g expressty undentood, is hereby mortgaged as ii spec~ficalty set forth and dexribed in the g~aoting and habendum clauses hereof, and such Receive~ shall have a~l the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s~_:h appoinrment shall be made by such Court as an admitted equity and a matte? of absot~te righl to said MORTGAGEE, and without re(erence to the adequacy or inadequacy of ~he vatue oi tF~e property mortqaged or to the so~r•ency or insolvency of said MORTGAGOR o~ the defendants, and ~hat such renis, profits, income, iasues and ~evenues shail be applied by such Receiver accord~ng to the tien or equity of said MORTGAGEE and the practice of such - Court. 8_ To duly, promptly and fully perform, discharge, execute, effed, complete, comply with and abide by each and every the atipulations, agreements, conditions and covenants in sa~d prom+ssory note aod this mortgsge set fwth. 9. That in the ivent the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successors end assiqns, may, wi~hout norice to the MORTGAOR, deal with such successor or succeasor in interest wi~h ~eference to this mo~tgage and the dHbt hereby secured io the same manner as w~ih I'ltortgagor without in any way vif:ating or d.scharging the Mortgagors' liabitity hero- vnder w upon the debt hereby sec~red. No sa'e of the premises hereby mortgaged and no forbearance on ~he part oF the MORiGAGEE w it: s~ccessors or ass~gns and no extension of the time for ehe payment of the debf hereby secured given by the MORTGAGEE or its successas or assigns, aiiall operate io release, discharge, modify change or af(ed Ihe original liab;iity of the MORTGAGOR herein, either in whole or in pa~t. 10. It is spedf~cally agreed that time is of the essence of Ihis contract and that ~o waiver of any obtigation hereunder w of the obligation sN cured hereby shall at any time thcreafter be held to be a waiver of the terms hereof or of the i~s~r~ment secured herby. I1. in add:tio~ to ihe forego'ng ~nonth!y payments of princ pal and interest requ~red by the prom~ssory no!e secured hereb~/, mort~agor tovenants a~:d agrces to pay to morrgagee v~~th each momhly pay~,~e~~t an add~~ional s~m esr~mared by mor)gagee to be equal to l; 12.of the ann~al cost of the ioUow- in7: A-All real property taxas le•ned or assesscd aga~•ssf the above desvibcd real estate. B-Premiums on fire and windttorm insurar.ce as herein req~~~red to be carrird on the improveme~ti situate on the above described premises. C-Prem~ums on such m.ortgege guaronty insura.,ce as mortgagee snall frorn Gme to time deem fit to carry on the lodn secured hereby. Mortgagee shet~ i~om i:me to time notify mortgagor in writ~ng of the amount dve and payable hereundrr and such sum shall thereupon be due snd F:,yable on the due dare of ~he next month:y pay~nent and each successive f*:or,th thereafrer vreil mongagee shall notify mortgagor of a change in such ount. Such sums sHa~l be ap~>Iied by mortgagee toward the payment of real property taxes, insurance prem~ums, and mortgage gvaranty inwrante E , remiums. ~ ~ IN WITNE55 YJHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ n Scal and deliver n the presence of: ~~j ` ~ . .,~iQ, ; (d,0'Q ~ ~ O /Y f C.~~ `~a4 ~ Ge ald C R b rt ~~y ~,t~ ~ ~ a't (Scal) ~ ~ , tha E. Rebert txa,~ s i ~ StATE Of ~AC WEST VIRGIIIIA • ~ KANA~,JEi~, ~ ss. ~ couNTr oF ~ ~ Gerald C. Rebert Before me personally appeared a^d ~ _ . MilYt1'la E~ Rebert h;: W~re, to me well known and known to mc to be g rhe individvals described in and who executed the fwegoing instrument, and acknowledged before me that they executed the same fa the purpoaes ~here~n e:presxd. And the said ' MaZt21a E~ P,ebert ~ r~ife of the sald ~~~'~y~ ~r~Ald C• Pebert a separate and private + ~ examination bY•m~,~Akc~ ~ep~rate artd apart from her said h~sband, acknowledged t and fore me that she execused said instrument f~eefy and volun- ~ :ar~ly and w"~lliout any'c~`rt~ufyon, constraint, apprehension, w fear of or from her nd. ~ YV1fNf~S~+f f1~a~, a~ey"~~~t ~i ,h~:_ 19 th day of ~ r A- ~ - ~ I. ~ Nota Public in and fw tFx State at lar~e ` v~~ ~~,~?t .1 . . My Commission exP~.~: Februa 2~ ~ 1`!$0 y : ' Returry.?~- : _ . Wl~. Firsf Ife~/~'•bs+' 'ia ~an Associatian a~ (~f "Fo~t.:V~erce. Fort P~erce, Florida t~ ~ - • FtLEU ~y: o£CJRDEO '{1T 5t LUCIE ;,OUMTY FLA. ~,v ~ . t: RGCE7 Fv:?RIS ~ CIERR C:;~CJfT COURT This Insfrument Prepared ByJ. H. Roberts~ JY• ~ P~f,!'F^ Vt'j: ~p : First Federal Savings & Loan Association + _ of Fort Pierce ~ Rlorida, S~ 1j ~0 25 A~ 3 ~ ~ Checked By ~c~e~O z ~fi V l~ ~ ~ . BDIR~c~~ P~ ~..~v . ' ' ~ ~ - ~ ~ ~ e~ ~ . ~ ~ ~ _