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Home My WebLink About0010 3. To ptace and cont~nuousiy keep o~ the bui!d~r,gi now w herraher s~ti~~te on s~~d i~~d ind on ~II eq~ipmenf ~r~ pe~fW~alty covered bY thi~ mortg~ p~, wi~h ~II premiums thercon pa:d in (ull, fire insuranc~ in ihe usuat etandsrd potity fwm, in ~ sum app~oved by ~M MORIGAGEE, and windstam insur~nc~ In sh~ usual standard po~~cy fwa+. i~ • s~m app~oved by Ihe MORTGAGEE, i~ svch ~a^P+^Y o~ ~o^'P+^'ss u~~ MORTGA~E ~+ay dir~ct; ~nd ~11 fir~ a~d w~nJsiorm insurancs polk~es ~on sny of seid bu~Wmgf. ~oy iM~res1 thtrein a part the~eof, in tM ap9repate wm ataesaid w in excess thereof, shall ce.~tain tM v~uat ?tanda~d matyaye~ clause a s~ch o~F~ c~+us~ ai tM Mort9+9e~ m+Y reVv'~~• makinp tM lou unde~ u~d po~4 cies. e+ch ~nd every. payabls to sa~d MORTGAGEE as ~~s interest may appea., +nd e+ch and every wch policy ~hall b~ promptly us.9ned ?nd delivered ~o ~ny hald by i~id MORiGAGEE as ~ur~hec secu~ity ~o ~aid ma~yage d~bt, and, no1 leu ~han t~n (10? days in adv~nte of tM expiratia? of each poticy, 1o da livN ro taid MORTGAGEE • renewal thereof, to~ttMt with a ~ece~pt fa the p~emium o( iuth renewal; and thar~ shall be no f~re or windstorm insuronc~ pl~ced on ~~y of said buitdi~ys. any interett thsrsin or part tht~eof, unless in ~M form and with tht loss paY~bk as a(w~uidt and 'u+ tM evenl ~ny sum of money beco~+es payable under ~uch policy o? policies sa~d MORiGAGEE ~hatl hsve ths opt~o~ to rece~ve and apply tM s+me o~ accounl of the i~dobted- nsu secured hereby a to permit said MORTGAGORS to receive and ~a N a any part lhereof Iw other purposes. ~v~tMut thareb/ waiving o~ uupa~r- inp sny equ~ty, lien o< <~ght u++der p by virlue of this mo:sy+ge; ~nd i~ tM e~ent said MORTGAGORS shall fa any reason fail to ~eep the ~a~d Wemises so insured, w fail to detiver prompdy anY of wid policies o( insurants to said MORIGAGEE, w fail promptly to pay lully any p?emium therafor or in +^Y r~spect fail to perform, d~scharge, executs, eFfact, complete, comply wi~h and ~b~ds by this covenan~, a s~y pa~~ herwf, said MORTGAGEE may place and paY iw sutF? infurancs or any put 1l+ereol without wsivi~g a af(ectirg ~ny option. li~n. equity, w right under o~ by virtw of this Matgaye, and the full amount of each snd ewry such payment shsll be immediataly dw aod p+y~ble and shall bear i~terost from ths d+t~ thcreoi ~ntil peid at the rate ol ni~e pe~ centum pe~ uu+um and together with such inttrest shall be secured by ths lien of thif maf9s~e. 4. To permif, oommit or su(fer no waste, impairment o~ deteraration of uid p~opsrty w u?Y P+„ ~~«'Of• S. To pay all and singulsr the cost~. chargss ~nd expe~ues. including s ~easonable at~o?ney's fee +~d cos~t of ab~tr 1ds of~ fuli, in r(orm. d~uha• e sny Yune by sa~d MORTGAGfE, because or in the event of the fa~lure a+ the part of the said MORTGAGOR to duly, promp Y Y PQ 9• execute, eifect, compkte. comply with and ab:de by each and every the ilipulations. agreements, conditions, and covenams of said promiuwy r+ote and this mortgage any w ei~he+. and sacd costs. cM?ges and expenxs, exh and ~very. ~h+il be immediately due sr~d paYable: whe~her w not there be no+ice do- mand, attempt ro collect or suit pend~ng; snd the fvll amount of each ~~d every wch payment shall bear interest from ~he date the~eof ~ntil paid at the rate of nir.e per cent~m pe.r an~~um; and all said costs, charges and expenses incurred or pa~d, togethe~ w~th such inlerest, shall be setured by the lien oi thu morlp~Qe. . 6. Thst (a) in the event of any breach of this Mortgsge w default on tM part of the MORTGAGOR, o~ (b) in the event ~ny of sald s~ms of money herein referred lo be not promptly and fully pa~d within thir~y (301 days ~xt ~frer the same severally becon+e due and paYable, without de~+and o~ notice. o~ (d in ihe event cach and every the stipul+tions, agreements, cond~tia+s and covenants of w~d pra+~iuorY ino~e a~d th~s mortgage any or eithe? are not luly. promPtly a~d fully performed. diuharged, exetute{I. eflected, comp~eted. compl~ed with and abided by, then in e+ther w a~y svch event the said ag gregate sum mentioned in said prom~ssorY note the~ remaining unpaid, with interes~ xcrued. and all moneys secured hereby, shall becoim due and pay- abte fwthwith, a thereafte~, at ihe oprion oi said MORTGAGEE, ss fully and comptetely as if all of the sa~d sums of money were or:g~nally s~~pulsted to be pa~d on such day, aoything in sa;d promiss«y note or in this Mortgage to the con?rary notw~thstnnding; and ~hereupon or the~eafter st the opt+w+ of sald MORTGAGEE. without twrice or demand, suit at !aw w in equity. Ihereiwe o~ the~eafter begun, may be prosecvted as if all moneys setuted he~eby had matured pnor to its institution. 7. That in the event ~hat at the beginning of or at any time pending any suit vpw? this Mortg~ge, a to fweclose it, or to reto~m iL or to enforce payment of any daims he~eunder, said MORTGAGEE shall apply to the Court havi~g jurisdiction thereof (ot the appointment of s Receiver, suth Gourt shall Forthwith appoint a receiver of said mortgaged property all end siryula?, i~tlud~ng all and s~ngu~ar the income, p~oiits, issues and revenues from whatever source de~ived, each and every of wh~ch, it be~ng expressly understood, is hereby mortqaged as if speufically ~et forth and descr~bed In ~he 9ranting and habendum dauses hereof, and such Receiver shall have alt the broad and effective f~nct~ons and powers in anywise entrusted by a Court to a Receiver, and svch appoi~tment shail be made by such Ca:rt as an admitted equity and a maner of absdute right ro said N10RTGAGEE, and withoul refererxe to the adequacy a inadequacy oi the value of the p~operty mortgsged w to the sorvency or ~nsolvency of said MORiGAGOR or the defendants, and that such rents, profits, income, iuues and revenues shall be applied by suth Receiver according to the lien or equity of said MORTGAGEE and the practice of such Coun. 8. To duly, promptly and fully paform, discharge, execute, effect, complcte, cornp~y with and sb'de by each ~nd every the stipulstions, agreements, conditions and covenams in w~d prom~sswy note and th~s mortgage set fa1h. 9. That in the event the ownership of the mortgaged prem~se:, or any part thereof, betomes vestcd in a perwn other fhsn the MORTGAGOR, the MORTGAGEE, its successors srid ass~gns, may, without notice to the MORTGAOR, deal with such successor or successw in ~merest wi~h reference to th~s a morlgage ar~d the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or diuharging ~he Mo?tgagors' liabiiity re- under w ~pon the debt hereby secvred. No sale of the premises heroby mortgaged and no fwbtarance on ~he Part of the MORTGAGEE w its s~ccessors a assig~+s and no exte~sion of the time f« the payment of the debt hereby secured given by the N~ORTGAGEE or its successors w auigns, ahal! operate to release, discharge, mod~fy change or aftect the original liab~l~ty of the MORiGAGOR herein, either in whole or in part. 10. It is speufically agreed tha~ time is of ~he essence of this cont~act and that no wsiver of any obl~gation he~eunder a of the obligaiwn se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument aecured herby. 11. In add~t~o~ to the forego:ng moMhly payments of princ pat and interest required by the pran~sw~y note secured hereby, mortgagor covenants and agrees to pay to mo:tgagee v.ith each monthly payr,,ero an add~rional sum est~mated by rtwrtgngee to be equal to 1/12 of the aoaual cost of the follow- i~: A-AU reat prope~ty taxes levied or assessed against thc above described resl estate. B-Premiu~ns on fire and wirdsror~n insurar.ce as here~n ?equ~red to be ca~ried on the imp~oveme~ts s+tuate o~ the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ! Mwtgagce shaEl from t~me to t~me notify mortgagor in wr~ting of the amount due and payabk hereunder u+d such wm shall thereupon be due end ~ payable on the due date of the next monthly paymenl and each successive monsh thereafter urtil mwtgagee sFw~~ ~otify mortgagor of a change in such amou~t. Such sums shall be applied by mwtgagee toward the payment of rea! property ta:es, insurance p~em.ums, and mortgage g~aranty insurance premiums. IN Y1ITNESS 11/HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and nl afwesaid. S;gned, Sealed and delivered in tfie ~esence of: fIlEO t~v4 ~EGO?DEO ~ ' ~ sj.lUGli. ~OUNt`1 FLA. ` Sean - P~r ~.~..CUT COURT ~ Seaq ~ n Gt Eri ~~~.~r--~' ~S~aq ec1L~~d..~s.r R~r,:~c• : . _ STATE OF FLORIDA 1Y~p 9 34 T 1 N~. COUNTY OF St tiL -1 e ~ Betwe me pe?sona~lY appeared ~erette B. Hall °^d - Franees I.. ~11 his wife, to me well known and known to me to be the individvals dexribed in and who exet~ted the fuegoirg instrurtxnt, and atknowkdged~ before me that they executed the same for the purposes rherein expressed. And the sai r'=~CeS j.. Hall w~fe of tFK ~~d - Eve r e t t e B. N~ 1 1 - upon s separate and p.ivate examination by me taken separate and apart from her said husband, adu+ovr~edged to and befwe me that she exetuted sa~d instrumem freely and volurr ra~ily and without sny compulsan, constrni~t, apprehensiop,~,g fesr of w from her said husband. j° A. D. 19?~_ WITNE55 my hand and official seal th~s L dsy of ~ Nstary Public in a or the tate of Flwi~at~~~~~rRe . , ~,y My Commwiron ea{f'ires: ~ :l Rerurn To: ,..•••~~flb/~~~i~ ~ . ,H: _ • ~ ~ ~ , r ~ First Federal Savings ~ loan Association - • - . : . . ~ 'v i'Q _~•L h..-.: • ~ . . ..r . 6 Of Fort P,erce. . J.~•': t• f % Fort Pierte, Florida ~ .F ~p,r r ~ " ~ ~Wiw~V 1.~ ru~~t~~...,. ......~..y~ ~~~i e , • ~iG~ ~ ~ ~ ~ ' p f ~ ~Sa ~ l 7 ~ :.o' 2 j '~c ~ "'~db'••.....,''~pF`~ ' This Instrument Prepared By RiChdrd K. Kdyes ' ~ First Federal Savings 8~ Loan Association '~i. J''~ ST~~'~~~~~~ of Fort Pierce ~ F10Zidd ~f~i~.~~~~j~~„~;~~i>> ~ ~ 225 P~~ ~ Checked By ~ ~ ~ • • ~ - - - - - - - - . _ _ _ J F~ ~ -,..~;,x»'.` ~ '"wf+'~' -s_~~` p~~t~ - ~ y - ~ ~:-~s - _Y.. ' , ~~'^a~"~•.._. _ _ . ~ ~ 4. _ ~ `$p3„"~"''.~'_°-z,. ~