The URL can be used to link to this page

Home My WebLink About0800 3. To place and coroinuoutity kcep on the b~i'dmgs now or h~rea!te~ s~tuate on sa7d land and on alt equipinen~ and personally covered by lhis mwtg- ege, w~th all premiums ti~ereon pa,d ~n iuil, iirc insurance ~n the usual i~e~xlard poGCy forn~, in • wm appro.ed by the MORiGAGEE, ar~d wmduonn ~nsvrance in tne usuai ~~anJard po:~cy fam, in a eum approved b~ ~he MORTGAGEE, in such company or compan~es as the MORIGAGFE msy d~recl; a~d aU fire and w~ndsrorm ~nsurance pol;ues on •ny of aa~d build~ngs, any interes~ there~n ar pa~t thereof, in ~he ac~gregare su~n afo~esa~d or ~n eacess thereof, s~all contai~i ~he uiual stande~d mortga9ee <lause w such other clause •s the Mor~gagee may ~equ~rs, making ~he ~ou under sa~d poli- c~es, each end every, payoble to sa~d MORTGAGEE as ~n intrrzsl may aµpear, and each and every such pol~r/ shall be promptly ass gn~d and de:~vered ro ~ny he~d by sa~d MORie3AGEE as (w~her securi~y ~o sa~d mwtgage debt, and, ooi less ~han ten (10) deys in aJvance ol the exphat~on of each poGCy, to dr Gver lo said MORTGAGEE a renewal thereof, together w~:h a rece~pl fw the premium of such renawat; snd there shal! be ~o f~?e ur wind~~orm insurante plated on any of sa'rd build~ngs, any inte~est therein ot part thereot, unleia in ths form and wi~h the losa payabic a~ afo~esaid; aod in Il~e event sny sum of mo~ey becomes payable unde~ such poliq a pol~ues ~aid MORTGAGEE shall have eh~ option to rece~vr and apNly the san~e on eccount of the indcbt~d- ness sewred ho~eby d to permit sa~d ~AORiGAGORS to receivc and uss i~ p any par! thereuf tor oti~.r ~ur~osrs, v.~~~~o.,t th;~~u~ .v,~.~n:7 or ~~~~p,.~+- ing any equ~ty, lien o~ r:ghl under~or by vi~tue of Ihi~ mo:tgaga; and in the evant said MORTGAGORS shall for any reason fail to kecp ~he said p~em~ses so :nsured, o~ fail to ck~~ver promptly any of sa~d pohues of in~urance ro sa~d MORTGAGEE, or fail promptly ~o pay tuily any pre~n~„~n thercior or in a~y re~pect tail !o peifwm, dscharge, e~etutc, etfecl, tompleta, to,nply with and abide by Ihis tove~anl, or any pa~t he~eoi, said MGR~GAGEE may plac~ a~~o pay fo~ such insurance or ~ny pan thereof w~thou~ waiving a aiFeuing any option, lien, equ~ty, or ngh~ under o~ by v~r~ue ot ~his Morrgaye, and ehe full s~nount oi each and every such Feymant shall be immediately due and payable end shall bear interes~ from the date thereoi unt~l poid at the ra~e o1 nme per cenWm p~r annum end to~ether w~th suth interNS~ ahali be ucured by the lien of this mortqage. • 1. To permif, tommil w sut(er no waste, impairmant w deter~oratio~ of sa~d proparty w any part thereof. S. to pay all and singular the coats, charges and expenses, ~ncluding a reasonable aftwney i fee ard costs of abstracts of tirle, +~curr~ oi pa~d at r.ny fime by sa~d MORTGAG.f, bccavsa d in the even~ of the fa~lure on thc part of the said MORTGAGOR to duly, promp~ly and futly perform, d~stharge. >=ecute, eltect, compleie, comply r-.uh and ab:de by esch and every the atipula~~on~, agreemenq, condiGOns, and covenanti of said pranissory note and thii n;ortgage any w ei~her, and sa~d costs, charges and expenses, each and every, ehaN be immed;ately d~e and payabde; whethec, or not there be notice dr~ j mand, aUempt to colled w suit pend~ng; and the ~ult amount of each and every such payment shall bea. iNCrest from 1he da~e thereof until paid a1 the ~.,re o~ nine per cantum p~r an~~u:n; and all said costs, charges a~id ex~enses ~nturred or paid, logether wuh suth inrerest, shal! be setwed by the Len of th~f mortgage. 6. That (a) in the event of any breSch of ihis Mortga~e or default on Ihe part o~ the MORTGAGpR, or (b) in the sveM any of said iums of money herein referred to be not pranptly and iutly pa~d wirhin th~rty (30) days next after the sanK severatty become due and payable, withouf de~nand or norice, ~ or ;d in the event each and every the s~+pulailons, agreements, cond~tio~~s and covenants of sa,d promisw~y note and th~s mortgage any o~ e~Mer are not ~uiy, prompNy and fully per(ormed, d~scharged, execured, effec~ed, completed, compl~ed with°and ab~ded by, then in e~ther or any such e~eM the sa~d ag g~•~gate sum me~tioneJ in said pranisso~y note then remaining vnpaid, with inre~est acuued, and all moneys secu~ed hereby, shall become due and pay ab:e forthwith, or thereaiter, at the opt~pn of said MORTGAGEE, as fully arxl complete~y as i( aIl 04 thr said sums of money were o~~ginally st,pu~ated ro be pa~d on such day, anything in sa.d pro~n~ssay note or in lhis Mo~tgage ~o the contrary notxi~hstanding; and ~here~pon or thereafte~ af the op~~on of se.d MORTGAGEE, wrthout no~~ce or demar.d, auit at taw w in equity, therefo~e or d~erea(ter begun, may be prosecuted as if a!1 moneys secured hereby n~d matur~d pnor to ns institut~on_ ~ 7. That in t}~e event ~hat at the beginning of or at any time pending any suit upon thi= Mortgage, w to forectose it, or to reform it, or to enforce payme~t of eny daims hereunder, sa:d MORIGAGEE shail apply to the Court having ~unsd;aion thereof lor 1he appo~mmeN of a Rete~ver, such Gourt shail forthwirh appoint a receiver oi sa~d mwtgaged p~operty alI and singutar, includ~ng all and sing~iar the incon,e, prof~ts, isa~es and revenues fra~n whatever s~urce derived, each and every of wh:ch, it be~ng expressiy understood, is he~eby mortgaged as ~f ~peuiitally ut forth and describzd in the graneing a~d habandum clauses hereof, and auch Receiver shall have all the broad and effective funct,ons a~d powas in anywise entrusted by a Court to e Recrive~, and ? :_ch appointment shall be made by such Court as an admitted equity and a matler of absolute nghl to said MORiGAGEE, and withaur reference to the ' adequacy or inadequacy of the value o~ ~he p~operty rr~ortgaged or to the aotvency or insolvency o} sa+d MORiGAGOR or the defendants, and that such ~ r~~rs,•profits, income, issues and revenues shall be appl~ed by ~svch Receiver accord~~~g to the lien or equity ot said MORTGAGEE and the practice of such ~ Court. 8. To duty, promptiy and ~ully perform, d~scharge, ezecvfe, effett, complete, comply with and abide by each and eve~y the stiputations, agreemeMS, conditions and covenams in sa~d p~om~sswy note and ~his mortgage aet fo~th. 9. That in the event fhe ownership of the mortgaged prem~ses, w any part lhereof, becomes vestcd in e person other than the MORTGAGOR, the S',ORTGAGEE, its successoro and ass~gns, may, wirhour nance ro the 610RTGAOR, deal w,th such wuessa: or svccessw in interrst w~~h refrrence to this n ortgage and the debl herety secured in the same manner as wifh Morlgagor without in any way vitiating or doscharging 1he ldortgago~i liability herr ~nder or upon the debt hereby sec~red. No sale o( the premeses he~eby mortgaged and no fo~bearance on the part ol the MORTGAGEE or its successors or assigns and no exte~slon of the time fw /F.e paymem of the debt hereby secured given by the MORTGAGEE or its suctessws or assigns, ahall operate to re~ease, d~scharge, mod~fy change or affect the orig,nal liab,{~ty oi ~he MORIGAGOR herein, either in whole or in part. 10. It is speuf~catly agreed that t~me is of the ea:ence of this contract and tha~ no waiver of any obligation hereunder w of the obtigation se- c~red hereby shal~ at any rime the~e~frer be held to be e waiver of ihe terms hereof or of the instrumeM sewred herby. 11. In aJd.~io~ to the fo~cgo ng n,onth!y paymsntt of pnnc pal and inre:esr req~~red by the p~om:ssory no!e secured hereb~, mortqagor covenants er,d ag~ces to pay to mor~gaqce v~~rh each ~nonrhiy pa~r~:ent an add~~~onal sum ~st+ma~ed by mortgagee to be eq~al to 1; 12 oi the annual ~os~ of the fotiow- ~ ~ng: i A-AN real propeny taa~s levee~ or assessed ayu•3st thc above desc.~bed real estate. • B- Premiums o~ (ire and windstorm inwrarce as here~n reGu:~ed to be carried on the improvements situa:e on the above d_scribed premises. C-Premiums on such mortgage guaranty irtsurar,ce as mor~gagee shatl fro:r. r me to time deem fit on the loan secured hereby_ Mongagee s II from time to time not~fy~ mongagor in wrihng of the amount due and payable e~eunder nd such sum shaA thereupon be due and ' :a~able on the due date of the ~~xt mpnth:y payment and each successive month thereafrer ur.tii mrntgagee all notify mortgagor of a change in such a• uch sums s be appli d by mo~tgagee roward the payment of reai property taxes, insurante pr m:ums, and mortyage guaranty insurance r~Amwms_ . ~ IN I NESS Y! th sa~d MORT OR has hereunfo set his hand and seal the da a j y year first afo~e ~ ihe prese ~of: ' + 7L Ki Z SeaQ ' ` ~ V ACQYIt iZ (Seal) ~ ~1 • ' 7' (Seal) ~ ~ N z id~? A ~[lUl~ Seal) SiATE OF FLORIDA ~ COUNTY OF R. \ ~ ~ ~ ~ ~ Befwe me personally appeared v~11C~ilt MlII11Z a~ Nerida A. Mun;~ his wile, to me well known and known to me to be tne ind;viduats described in and who execured rhe faregoing instrur.~ent, end acknowledged betore me that they executed the same for the purposes rherein expressed. And the :a~d_ Nerida ktQ1~Z r.+fe of the said V~1Cellt MtID~Z upon a separate snd priva~e eaaminatwn by me taken .xparate and apaA from her said husband, acknowledged to and beiore me thaf she executed sa' ' trument (ree{y and volun- rar!{y and without any computsion, constroint, spprehension, oL fear of or fram her uid husband. ~ Wt7lVESS my hand and officia! seal thi~ day of p, ~q 1 f ILf A.r, '~~L~'ROED Sj LU~~t C_,~,Nq~~l~- Notary Public in and (or the State o Fbrida at L rge Ri, r J• My Commiasion expires: Retvro To: •~'.j{: L'dURT ri~~a.,; . Fira1 Fede~al Savings a loan Assxiatio~ q f~,~N~• '-EP Of Fort P.erce. ~ ~ « ~ ~ ~~e Fon P~_~cc. Flo:t~~ ~j 3 9 47 AN'73 ~~;:~a~s..;...~,. G~al I~u~rsnc. u~..r!rn~~ 2b4~84 ` _ ~ T.. . ~ ~ . . P " : This Instrument Prepared By J~ H. ROblYts • JZ. S ~ q• j;~ First Federai Savings & Loan Association ~ : " of Forf Pierce ~ F1o7[3da ~ ~ ~ ' ~ n ~ E Checked By~ STi1T~.~'~~~`~~~ ' ~~''•~.,..~t~N~r~~~a BOCK FAGE OOV . ~t < _ - - _ _ _ ~ ~ .~~'-~-«s , - , _ . ~ _ . . ...r,.~~