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Home My WebLink About0644 . . ~ ' 3. To p!ace and continucusiy keep on the bui'd~ngs now o~ hereattsr ~itu~te on sa~d land and on all equ~pme~t and perso~ally covered by th~s matg- ags, with all premiuinf thercon pa~d in iuli, f~re ir.surance in the usual s~andard poliGy fo~m, i~ s ~~m rpproved by the MORiGAGEE, and windsto~m insuranc~ in the usual s+andard po~~cy fam, in a sum app~oved by the N~ORiGAGEE, in 'tuch canpany or compan~es as the MORTGAGEF inay direcl; ~nd all fire and windswrm i~surance po~icies o~ any of said build~ngs, any interesl therein or part thereof, in the ag9regate sum afo~csaid w in ~xcess Ihereof, shall coo~ain ~he utual s~andard mortgagee dause or such o~her clauss as tha Mo~tgagee m~y requ~r~, maAing the loss v~uld sa~d polf cies, each and every, p~yab~e ro said MORTGAGEE ai iti inrerest may appear, and each and every such policy ~hall be promptly ase gned and de~~~crcd ro eny Fuld by said MORiGAGEE as furthe~ securi~y io sa~d moi~gage debt, and, not less than ten (10) days• in advance of the expirat~on of each pol~<y, to da ~ liver to sa~d MORTGAGEE a ~enewal Ihereof, toge~her with a ~eteipl for the prs~nium of svch ~enewalj and there thall t~ ~o f~re or windstor~n insurance placed on any of said build~ngs, any interesl theroin a part thereof, unles~ in the form and with tM loss payable as aFo~esaid; and in the event any sum ~ of morny become~ payable u~+der s~ch policy or pol~cies :aid MORTGAGEE shall have the opt~on to receive and apply the same on account o( the i~~debted- ! ness secured hereby a ro permit u~d MORTGAGORS to rece~ve snd use it a any part tF~reoi lor otner purFw:rs, wltho~t ~h.~~or wawi~~3 or u~~pa~r ing any equiry, lien w right unde~ w by virtue of this mo:tgage; and in th~ evanl satd MORTGAGORS shall for any reason fail to keep ~he said prem~srs so Ensured, w fail to dafiver promptly any of said policies of insurance lo ~aid MORTGAGEE, w fail promp~ly 1o pay fully any pre~nium therelw or in a~y respecl lail to perform, discharge, execute, e(feU, complete, comply with and abide by this covenanL a any part herooi, said MORTGAGEE may place a~~d pay fo~ such inwrance w any part the~eof without waiving a affecting any option, lien, equ~ty, o? righ? unde~ or by virfue of ~his Mwtgage, and the full amounf of eath and cvery such paymem shall be immediately due and payable and shall bear interes~ from the date thereof umil p~id at the rate ol n~ne per cemum per annum and to~rther with wch inte~est shall tx secured by ihe lien of this mwtgage. 1. To permit, commit ot suffer no waste, impairment ot deterioration of said property q any part thereof. S. To pay all end singular the cos!s, cha~ges and expenses, ioclud~ng a reaso~able attwneyi fee and costs of abstracts of title, incur~ed o~ pa~d a~ any time by uid h10RTGAv:E, because a in the event of ~he faiYure on the part of the said MORTGAGOR to duly, prompely and fully parform, d~xharge, execute, efiect, complete, comply w~~h and ab:de by each s~d every the s~ipulauons, agreements, conditions, snd covenants of sa~d promissory note ar.d th~s ~~ortgage any a e~~her, a~d sa~d costs, chargea ared expenus, each and every, shall be immediately due and payable; whether.o? not tfiere be not~ce ds mand, avempt to coUect w suit penu~ng; and the full amovot of each and every such paymem shall bear interest from ~he date thereof until paid at the ~.~~e of nine per cent~m per an~~um; ane.' al! said costs, charges and expenses incu~red w pa~d, together w~1h such interest, shall be secured by the lien of th~s mortgage. ' 6. That (a) in the event oi any breach of this Mortgage w default an the part of the MORTGAGOR, a(b) in the event any of sa`d swns of money herein referred to be not promptly and fully paid within th~rty (30) days neat after the same severally become due and payable, withoW demand w no~~ce, or (c) ~n the event each and eve~y the stipulations, sgreements, cond~tions and covena~ts of sa~d p~om~swry note and th~s mo~tgage an~ o~ either are nol iuly, promptly and fully perfwmed, d:xhargeJ, executed, effected, completed, complied with and abided `sy, then i~ either ot any such event the said ag ; g~egate sum mentaned in said promissory note then remaining u~paid, with interest accrued, and ali moneys setured hereby, shall bemme due and pay~ able io~thwith, a ihereatter, at'the option ol sa~d MORTGAGEE, as (ully and complerely as if all of the said sums ot money were originally-stip~+ated ~ ro be pa[d on such day, anything in sa:d prom~ssory note a in this Mortgage to the contrary notwiehs~ar.ding; and !hereupa+ or thereafter at ~hat oati~ of ~ sa+d MORTGAGEE, without not~ce or demand, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if a!I moneyt secvred hereby ~ nsd matured pt~w to its institu?ion. ~ 7. That in the event that at the beginning of or at any time pe~ding any su~t upon this Mo.tgage, a to fweclose it, a to refam it, or fo enforce } payment of any ciaims hereunder, said MORTGAGEE shall app~y to the Court having ~urisd~aion thereof fw the appointment of a Receiver, such Coun shall } forthwith appo+nt a receiver of said mortgaged p?operty all and singular, includ~ng all and sing~lar the income, p~ofila, iuues and revenues irom whatever ~ source derived, each ~nd every of wh~ch, it being expressly unders~ood, is hereby mor~gaged as ii speui~catly xt iorth end deuribed in the granting and habendum cfauses hereof, and such Receiver shall have all the broad and effective funct~ons and powers in anywise entrusted by s Co~irt to a Reteiver, and s:.ch appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, snd without reference to the ~ edequacy w inadequacy of the vslve of the property mortgaged or to the soivency o? insolvency of ssid MORTGAGOR or the defendants, a~d that such , ren!s, profits, income, issves and revenues shall be appliad by such Receivei according to the lien or equity of ssid MORTGAGEE and the practice of such ~ Court. 3 8. To duly, promptly and fully perfwm, d'escharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants ~n sa~d promissory note and this mo~tgage set forth. 4. That in the event the ownership of ~he morrgaped premises, or any part thereof, becomes vested in a pe~son o~her than the MORTGAGOR, the .',ORTGAGEE, it~ succeuors and assigns, may, w+thout notice to the MORTGAOR, deal with such successor or successor i~ interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating w d~xharging the Mortgagors liability here- ~nder or upon the debt hereby secured. No sale of the prenzises hereby mortgaged ard no iwbearance on the part oF the MORIGAGEE w its successors or assigns and no extension of the time for the payment of the debt hereby secured given by tF+e ARORTGAGEE or its successors or auigns, shalt operate to releax, discharge, mod"+fy cha++ge or affect the original liaoi:ity of the NtORTGAGOR herein, either in whole or in parL 10. It is specificatly ag.eed that time is of the essence of this contrad and that no wsiver of any obligation herevnder a of the obligatan se- cured hereby shall at any time thereafser be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~t~o~ to the fwego:ng monthly paymenrs of princ'pal and interest required by the promissory nate secured hereby, mortga~r covenants ard agrees to pay ~o m.ortgagee w:th each monthly payr,:ent an add~rional sum est~ma~ed by mortgagee to be equal to 1/l2 of the annual cost of the follow- ~ng: A-All real property tax?s lev~ed or assessed agaiost the above described reaf estate. B-Prem~ums on f~re and windsto.m insurar.ce as herein req~~~red to be car:ied on the improveme~ts situate on the above described premises._ j _ C-Premiums on such mwtgage guaranty insurance as mor~gagee shall from time to time deem fit to carry on the loan secured hereby. ~ JNortgagee shail ~rom time to time ify mortgagor in writing of the amou~t due and payabte hereunde~ and such sum shall thereupon be due a~d F -..~yabte on the due date of the next m thly payment and each successive month thereafter ur.til mortgagee shall notify mortyagor of a change in such ; ~-~ouro. Such sums sha:l be appii b mortgagee toward the paymeni of real property ta:es, insurance prem~ums, a~x! morigage guaranty insurance ~ ~ p~emiums. ~ ~ IN WITN Y1 REOF, t said MORTGAGOR has hereunto set his hand and seal the day and year fi~st a esaid. ~ ~ Signed I snd d i the presence of: t ~ • an ~ - Wl l~i C ~!1 C (SeaQ ~ - . s~t,,~'C Sea4 ~ 8181'1CIC KtfI1C1C (Seaq r ~ ~ STATE OF FLORIDA 1 ~ COUNTY OF j ~ Before me perwnally appeared wil~`i~ C• ~f1uC~C and ~ Blanche Knuek his wife, to me wefl known and known to me to be ~ t%,e ind~viduals described in and who execufed the for any instrume~t, and acknowledged before me that they executed the wme Sw the pu~poses ~ ~ B1anCh@ KnuCk rherein expressed. And the said ~ Williaa C. _ rv~fe of the ssid ~u~ upon a sepsrate snd private ' e,aminatio~ by me take~ teparate and apart from her said husband, atknowledged to and before me that she executed said instrument freely and ~olun- ~ rasily and without any compulsion, constraint, apprehension, w fesr of or from her said husband. ~ WITNESS my hand and off:cial xal thi~ day of DeceabeY q. D. 19 73 ~ ~ ~ ~ v ~ `_T ` Notary Public in and fof the State of Florida a! large- My Commission exp'aea: ' 'r. Rctur~ To: t ~ r 'i ' °;~~'~KY ,v;R•.;C; ;if~iE FlOR1Da et 11~: ' ~ First federal Savings 3 loan Associat~on ry v .+t~.}~ ~ ; ~ s~i ~:i~~1:U~'! L~~~:~~~1, . q~ y - Of fo~t P~erte. "Y. ^ s ~ ~ ' ~ Fort Pierce. Florida ~ l~' C~, j ~ t~~`, ~ , . . ~ ~ . E"< ~ ~1 • V~ ~ t . `r • C ' c3,:s YS' ~ ~'y'; . y ~ f ~o ~Nc ~~co~oeo y ~ ~ ; ~C ~ ~ ~ : - ~ f This Instrument Prepared By J. H. Roberts ~ J]c s~,~{{CIE C~UNTY FIA. ~ • l~. First Federal Savings b loan Association ROGER ~01SRAS + : 4 ~ ~ _ ~ ' x= of Fort Pierce , Flo=ida CLERI~ Clr:.ti. U~ T C O U R t J c` : ~;s REGOAD VEf !FIEO /r C~ ' i ~ Checked By ~ ~I, t? 3 l.. 5~1: f ~ o R O~c 11 9~ 22~ PACf ~~4 . 800K . :5~ . 2'71328 ~ - ~ - : _ - - - - - - - . ~ ; i - f ~Y..~- . ~_~_.t . ~