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Home My WebLink About2461 3. To plece and contin~ousty keep on tne bui?dh~gs now o~ hrreafte~ s:r~ate on sa~d land and on all equ~p~»eN and personafly covered by thu mortg- ags, wilh all premiums ther~on pa~d in fuii, lire insuranca in ~he us~al atandard polity form, ie a svm aF~o~rJ by the MORIGAGEE; ~and w~~ds~orm insurarue in the usval standmd pol~cy form, in a sum approved by ~he 610RTGAGEE, in such company or co~:pan~es a~ the MORTGAGEE may drrectj and aU fi~s and w;ndstorm +nsurance polic~es on any of sa~d b~,ild~nfli, any interest ~he~ein or part thereof, in ~he agg~egate sum aloresaid or ' in excess thereof, sfiall :o~rain the usvaf standard mortgagee clause a such other cfause ~s Ihe Mor~gagee may reqv~re, making ti.e Ioss unJer sa~d polt cies, eath and every, payab~e to sa~d htOR7GAGEE as ~~s intrre~f may ap{xar, and each and every such pol~cy ~h,~Il be promptly ass gned and defivrrcd to ' eny held by aaid MORTGAGEE as further aecurity to said mortgage debt, and, not les~ lhan ten (10) days io advante of the expiration ot eacl+ polity, to da liver lo said MORTGAGEE a ~tnewal the~eof, topdher with a receipt for the premium oi such renewal; a~d there shall be no f~rs or windsto~m iasurance plsced on ~ny of sa~d buildings, any intere~t therein or part thereof, unless i~ the form and with the loss payabte as aforesa~d; a~d ~n 1he event any sum ' of money becomes payable under such pofiq or polic;es said MORTGAGEE shall have the option to receive and apply the iame on account of the indebred- nesa se:ured hereby w to permit sa~d MORTGAGORS 1o aeceiva and use it w any part rt~e:aoi fo~ o~ncr pwposrs. v.~iho~t ~h~..~~ wa~~~n~ c. ~~~~paf~- r'~. ing any equ~ty, Gen o~ ri9ht under or by v~rtue of this mo::gage; and in ~he evem sa~d MORTGAGORS shall Eor any ~easo~ fail to keep ~he sald pr~mises so ~ ~ insured, pt fail to deliver promptly any of said policiea of insurante to aaid MORTGAGEE, or taii prortiptly to paY Fu!!y any pre~n~~in therefor or in any ~ respett fail to perform, d~scharge, execuro, ef(ect, complele, comply wirh and abide by this tovanan~, w any part htreof, said MORTGAGEE may piace ano ~ pay for such in~urunce o~ any part thercof wi~hout waiving or affactinp any option, lien, equity, or right unde~ w by vir/ue of rhis Mortgage, and t1+e ~ fuN amaunt of each and every such payment shalt br im,nedistely due and payable and shalt bear interest from the date lhereol until paid al tlx raie of nine per ccntum per annum e~td to~ether w~rh suc~ interest shall kx secured by the lien of this mortgage. 1. To permit, commit or au(fer no waste, iwpair~ient w detrrioration of said property or any part thereof. 5. To pay all and singula~ the costs,-tharges and exp2nses, including a reasonable attorney's fee and costs of abstracts af title, incur~ed oa paid a~ any time by said MORIGAGfE, because or in the cvtN of the iailu~e o~ the part of the said AM1ORTGA('iOR ~a duly, prompNy and fully perform, d~uharge. ~xecute, effect, complete, comply w~th and ab:de by each and every the stipulations, agreen,ents, conditions, snd covenanta of said promiswry note and yhis mortgage any w e~~her, and sa~d costs, cnerges and expenses, each and eve?y, shall be immediatety due and payable; wheiher or not there be notice da mand, attempt to collect or suit pend~ng; and the tull amount of each and eYery such paymenl shall be+r intere~t from tFk date thereof until paid at the ~.~te of nine per centum per a~~nu:n; and all said costs, charges and expenses incurred w paid, iognlhe~ w~fh suth interest, shall be secured by the t~en of th~s mongsgs. b. That (a) in the event of any breach of thia Mortgage or defaulf on the part of the A~ORTGAGOR, or (b) in the event any of sa:d sums of money herein referred fo be not promptly and fully Faid wi~hin thir~y (30) days next after the same severatly become d~e a~d payable, without demand or norice, or (cj in fht event each and every Ihe sliputations, agreements, conditions and covenams of sa:d prom;swry note and th~s mortgage any or either are not i~ly, promprly and fully perfotmed, d,xharged, executed, effected, completed, con,pl~ed with and abided by, tFxn in e~ther w sny auch event the said ag ~regate sum mentioned in said promissory nore then remaining u~pa+d, wirh interest accrued, and afl moneys secured hereby, shall become due and pa~r- ab~e forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if al! of the said sums of money were onginaily s~~putated t~. be pald on such dzy, any~hing in sa:d prom~sswy note or in this Mortgage to ~he con~~ary ~otwfthsranding: a~d rherevpon or thereafier a~ the opGon o} sa~d MORiGAGEE, without notsce or demand, su~l at !aw or in equity, therefore or tFxceafter beyun, may be prosecuted ns if all money secured hereby nad matured pnor to ~fs inshWtion. 7. That in the event that at the 6eginning of or at any tirtK pe~ding any suit vpon this Mortgage, or to foreclosc it, or to rtform it, or to enforce payment of any claims hereunder, said MORTGAGfE shall apply to the Court havir.g ~urisd~ctio~ thereof for the appo;ntmem of a Receiver, such Court'shail iorfhwith appo~nt a receiver of said mortgaged property all and singvlar, indud~ng atl and singular the income, prof~ts, issues and revenues from whatever s~urce derived, each and every of wh(ch, it being express~y undentood, is he~eby mortgaged as if spec~ficaily set forth and deu_ribed in the granti~g and t,abendum dauses hereof, and such Receiver shall have all the b~oad and effective fun~nons and powers in anywrse entrusted by a Cow~ to a Rzc~iver, and s~ch appoinfinent ahalt be made by such Court as an ad~nitted equity and a matter of sbsol~te right to said MORiGAGEE, and wit?r~ut reterence to the acieq~acy a inadequaty of the vatue of the property mortgaged or to the so.vency or insotvency of said MpRTGAGOR a the defendants, a~+d that Such .e~n, profits, inceme, issues and revenues shafl be applied by such Receiver accordmg to the lien or equity of said MORiGAGEE aod the praclite of such Court. 8. To du!y, prompNy and fu!!y perlorm, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, :or.ditions and covenants ~n sa~d p~omissory note and th;s mortgage set for~h. 9. That in the event the ownersh~p of the mortgaged premises, o~ any part thereof, becomes vested in a person other Ihan the MORTGAGOR, the '~'.ORTGAGfE, its successo~s and ass~3ns, may, wirhout norice ro the MORTGAOR, deal with such suttessor or successw in interesl with reference to this n,ortgage and the debt hereby secured in the same manner as with Mortgago. wishout in any way vitiating w d~xharging the Matgagors' liability herr under p upon the debt hereby secured. No sale of the prem~ses hereby mortgaged a~d no forbearance on the part oi the ldpRTGAGfE or if~ successors or ass~qns and no extension of the timz for ~he payment of ~he debt hereby iecured given b~r the MORTGAGEE or its successors o? ass~gns, aliall operate ~o release, dixharge, modify change or atlect the original liab~l~ty of the MORiGAGOR herei~, either in whole or in part. 10. It is speufically agreed that time is of the essence of this contract and that no waiver of any obt~gat~on hereunder or of the ob~igetion se- cvred hereby shail at any time tnereafter be he!d to be a waiver of the terms hereof q of the instrument secured herby, 11. In add~tic~ to the forego'ng month!y payments of pri~c pal and interest required by the prom~ssory nore se:~red hereby, mortgagor covenants a~d agrees to pay to mo:tgagee ~n+th each monthiy payr.ient an add~riona! sum est ma~ed by matga~ee to be equal to 1,: t2 of tfie annua+ cost of the iotlow- ~ng; A-Al! real property taxes levicd or assessrd a9ai~st thc above descri5ed real estate. 8-Pre~;~ums on fire and vvindstorm ~nsurance as here~n requ~red ro be carried on the ~mproveme~tt rtuate on the above detcribed premises. C-P~emiums on such mortgage guaranty insurar,ce as mortgagee shall from time to time deem iit to carry on the {oan secured hereby. Mo~tgager shail frcm tima to time notify mortgagor in w.iting of the amou~e d~e and payable he?eundar and suth sum shall ihereupon be due and c.ayable on the d~e 6are of the next monthiy payment and each successive month thereaiter ur.til mertgagee shall notify mortgagor of a change in such i a^ount. $uch sums sh.ail be appiied by mongagze toward the payment of real properry taxes, insurance prem:~ms, a~~d mortgage guaranty insurartce ~ ~emiums. , IN WITNE55 UVtiEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and year first aforesaid. Signed 1 an eli er d in the presence of: ' ~ . ~ aq ; ~ Lee V ierricks a sin le ~~,p ~ ' a u 1 t~~an s ~ - i - (Seaq ' I SiATE OF fIORIDA ~ ~ ~OUNTY OF St• Lt1Cle 1 ~ Lee V. ~erricks a sin le adult F Befwe me personally appeared f ~ ~~d ~ - hirw~fe, to me well known and known to me to be the individuat~ described in and who execured the foregoing instrvment, and acknowledged before me that ~hej executed the same for the purpoaes rherein expressed. /1wd-~Ae.sriJ_ ~ ~~if? af-lf+~ ~aid arpoo.aiqiaart~ ~o~pr=~--•- ~ e wmieatno 6y. m~ akea iapirito ~d~pas~i.o...4er. ~a~d..lw~ba~.~r• ~cirwr.l~j~a ~wd-kio.e•~wati~a? ~~ea.t«i.sri irwtwaa~ns ir~eiy.aod roluw~ ~acityr~pdWiiheut.~aoy..~a~mP~+i~ioa..canskai~N..a ~:~ry.~r i~ar-0L~.i~o+r?~F+e~.s~i~J~rsLaw~. ; WtTNESS my hand end olficia! seal this_ day o nCtOh@r a p t9 '~3 • . Notary Pub~ic in a for the ate of f! ~da at larqe My Comm~ss~on expires: f ~ Return To: A ~ First Federel Savings a Loan Associahon r ; Of Fcrt P:e~ce. ~1 lE~ EQ ~ E ; Fort Pi?rce. Florida Si. uC~~ ~'SV}~~Y Q~Q ~ ' OOER~FOITRAt ,~,f~ CIEpK ~~kcu~T Oav~T ~(1l~ b REC~RQ ~~R~~~Ep~.,,....,~... ~ ~ ' , _ This Instrument Prepared By John W. C' 11 " s ~ ~ ' ~ • • ~ = First Federal Savings 8 toan Association ~ j 39 ~ Y. - 3 of Fort Pierce , ~lorida _ ~ Checked By JS ~s ` J - - . ~ .,J-, t ~ . aQOK ~~.g PACE 2460 : , : . _ _ ~