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Home My WebLink About1239 d iand s~d oh al: r ~i ~nent and +SOnall eoveied by this mwlg. 3. To place and con~inuously krep on the ov~!d~~:~~ no v or hereatter ~~t~ate on se~ 9' P Pe Y sgs, with all prem~u:ns thrrcon pad in tu~l, fre inwr_nce ~n ihe usval s~j~w~iord po~~ty form, in a sum appro+cd by the MORiGaGFE, and w~~ds+orm insurance in ~he us~at s~andard poilcy }enn, in a wm a~ pro.ed by ~ha ti~URTGAGEE, suc~ ca~p~ny o~ co~,pan+es a~ ~he MORiGAGEE may diretf; and all (ire and w~ndsro~m insurance poGcias on any oi said bu~id~ngs, a~y ~~~erest 1he~ein or pa~l thereol, i~ ~he agg~ega~e sum ataesaid o~ in eacess thereo(, shall :o~~ain the usual sra~~da~d mo:~9~gee c~awe or such other cl3uie as the Mo~~gagee may requ:re, ma?ing ~hr le~s under fa~d po~i- cies, each and eve~y, payable to sa~d MORiGAGEE as ~ts in~arest may appear, and each and every Luth po!ecy s1~eU be promptiy ass g~~'rd a~ld del~ver~d ~o •ny held 6y said MOR!GAGEE as further security to s~~J ~~ortyage debt, and, no~ less than ten (101 days in advance o1 thr expiraho~ of each policy, 1o de- liv~r 1o said MORTGAGEE a renewal the~eof, logeiher with a rece~pt for the premium of such rene+val; ard Ihe~e shall Le no f.re o~ w~~~ds~u~m inwrance placed on any of sa~d buildings, any interest ti~erein or parl Ihereof, untess in the farm and with Ihe loss payable as afa+e~aid; and ~n the e.en1 any sum of money becomes payable unde~ such poGcy w pol~c;es sr~d MOkiGAGEE shall have the opnon to rrceive ond appty the sa~ne on accoun~ of ~he indeoted- neas secured hereby or ro permi~ sa~d MORTGAGORS ro recr:ve and us~ it or any par~ itie:cwf tor o~i~.~r pui~•oses, v..~ho•.t th_~, ui xs~+~ y e~ ~~~~P~~'- i~g any equ~ty, lien or rfght under w by virtue ot this mo:tgage; s~~d in tha event w~d MORTGAGORS shall for any reason fail 1o kcep ~he sa~J p~e~n~s•=s sc insured, u fail to deGver promplly any of sa~d pol~cies of insurance to sa~d MORTGAGEE, or lail promptly fo pay tu~ly any pre~~~~~~n theretor or in a~y respea (ai~ to pe~form, d~scharge, earcure, elfed, canp:ete, comply with and ab~de by this covenaN, or any part htrcwf, said MGRTGAGEE may p~ace a~~0 pay fw tuch insurance or •ny parl thereof without waiving w afftcting any opt~on, lie~, equ~ty, or right unJe~ or by virtve of ~his Mortgafle, and the lull amount of each snd every wch paymem shall be ~m~nediatety due and peYable and shall bear interost trom the date thereof until pa~d at the rate ol nme per centum per annum and to~r~har wi~h such ince~esr shai~ sewred by Ihe fien oi ~his mortgage. I, To permit, commit a su(fer no waste, impairmer.t w dree«orat~on of aaid property o~ any part ~hereof. 5. To pay all and singutar the costs, charges and e,cpenses, induding a reaso~~abfe attorney's (ee and costs of abstracts of title, incurred or pa~d at any time by sa~d MORTGAG:E, because or ]n the eve~t of ~iie failure o~ ihe part of the said MORTGAGOR Io duly, pro~nptly and fu~~y periorm, d~scharge. _xecute, ef(ect, complete, com~}y wah and aG:de by esch and every the stipu~ae~ons, agreements, cor:d~hons, and covenants oi said pranissory note and ihii mwtgage any or e~~her, and sa~d costs, charges and expenses, each a~d every, shall be immediately due artd payab!e; whe~her or no~ rhere be nor~ce da mand, attempt to calfect or suit pending: and the fuil amount of each and every such paymeN shall bea~ imerest from the date therrof untit pa~d et the ~.+te of nine per cenwm per amwm; and alt sa~d cosu, charges and ex;~rnses incurred w paid, togetM:r wah such iroerest, shall be secured by the I~en of thi~ mortgage. 6. That (a) in the event of any 6reach of this Monyage or defau(t on the part of the MORTGAGOR, o~ ;b) +n the e~ent any oi sa:d sums of money herein rcferred ro be not promptly and fulty pa+d w~thin th:~ty ~30i days nex~ after the same se~eratiy beco~ie due and payable, wuhout de~r+a:xl o~ nonce, or (c) in the event each and every Ihe stipu:asions, agreements, cond::~ons and coyenants of sa.d p~omissury note and thu mortgage any or dther are no1 i~ly, promptty and ivliy performed, d~acharged, exe:utad, effected, comp~etrd, coenplied w~eh and ab~ded 5y, then in e;ther or any such evem the sa~d ag gregate s~m mentioned in said promiasory note then rema~ning unpa~d, wifh interest accrued, an~ alt moneys secured hereby, stwll become due and pay- ae:e forthwith, or thereafter, at ~he opt~on of sa~d MORTGAGEE, as (utly and completely as if aIl of ~he sa~d sums of money were or~glnaily stipulated to be pr~d on such day, anything in sa.d prom~ssory note or in this Mortgage to the contra~y not ~ithstandSng; and thereupon a thzreafter at rhe opt~on of s~:d MORTGAGEf, v.~thout nonce or demand, suit at faw or i~ equrty, therefore or thereaher begun, may be prosecutad as if all maieys secured hereby n_d maWred preor to its institu!+o~. 7, Thaf in the event that at rhe beginning of or a? any time pendiog any wSt upon th~s Mortgage, or to forec:ase it, w to reform it, or to enforte payment of any claims hereunder, sa~d ~1tORTG~.GEE shall apply to the Cou~t having ~u:isd:ction ~hereof ior ~he appo~ntmem of a Rece~ver, wch Cour1 shall' fcrthwith appoint a receiver of s3id mortgaged property all and s~ngular, includ,ng all and singuiar the income, p~ofAS, issues ar.d reven~es from whate+er sou~ce derived, each and every of wh~ch, it bei~~g express~y understood, is hereby mortgagrd as ~f spec:ffcalty set forth and dexribed in 1he grant~ng and habendum clauees hereof, and such Recriver shai{ have al! the broad and eiFea~ve funct~ons and po.vers in anywise entrustrd by a Court to a Receiver, aed s~ch appoinimen~ shall be made by such Court as an admit~rd equay and a matter of absolute ngh~ to said MORiGAGEE, and w~thout reference to the a::•=qu~cy or inadequacy of the va~ve of the property mortgaged or to tne so~vency or ~~so~~enty ol sa:d MORIGAGOR or the defe~dants, and that such r~~~,~s, proFirs, irxome, issurs and reveaues shail be appi~ed by wch Reczfver aaord~r,g to the lien or eq~ity oi said MORTGAGEE and the pract~ce of such Court. 8. To duly, prompr:y and fully perfo~m, d~scharge, execu!e, effect, complete, comp~y wirh and ab~de by each and e~ery the stipulations, ag~ee~nents, ccndit~ons a~~d tovenants in said promissory note and this mortga~e set forth. . 9. That in the event the ownershio of the mortgaged premises, or a~~y part thereof, becomes vested in a pe~son other than the MORTGAGOR, the :l~RiGAGEE. i~s successors and ass~gns, may, without nc!~ce to the NORTGQOR, deal wi~h such successor w successw in inierest with refere~ce to this n:orrgage ar.d the deot hereby secured ia t6e same manner as wirh J.lortgagor w~thou? in any way vit~ating or d~scharg~ng the llor~gagors' liabilily herr Under or upon the debt hereby secured_ Yo sa!e of the Frem:ses hereby r.wngaged and no forbearance on the pan of the /AORTGAGEE w its svccessors . or ass~g~z and no exre~s~on of she time for the payment of tt;e debt h~rel;y secured g~ven by the MORiGAGEE o~ its sutcessors w ass~gns, s~~ali operate ~o release, d~scharge, rttnd~fy change or affect the orig~nal liab;;rty of the MORTGAGAR hertin, either in whe~e or in part. 10. It is spec~ficalfy agreed that time is of the esser,ce of th~s contrad and that no waiver of any ob~~gation hereunder w of the oWigat'an se- cured hereby shail at any time thereatter be he:d to be a waiver of the terms hereol a of the ir.strumem secured herby. I 1. In a;idr~cn to :Fe Sorego ng ~ncnth:y payments of princ ;~at and interest required by the prom:ssery no~e secvred hereb/, mortga~or eovenants jnd agr~es to pay to moctgagee v~th each n.onrhiy pay~.:e~n an add~iional wm es!•n~ared by mertgagee to be equal to l,.' i2 of the annual cost af the foNow- ng: A-All real ~roperty taxas tevred or assessrd ag~i~~ss shc above desvioed r_al estate. B Prem:u~ns on (:re and w~r,dstur~n insurar.ce as here~n requ~red to be carri• d on thr :m;:roveme~ts si~va!e on the above descr~bed premises. ' C-Preer~ums on wch rr•orrgage guar3n~y ir.s~ua~ ce as mo~tyac~e sha~t frc:r. t~me ~o time deem fit to carry on the Ioan secured hereby. 1V:ortgagee shail '~om time to time notify mortgagcr m vvr~t~~g of the amov~t due and payable here~ndar and wch sum shall thereupon be due and .,:able on the d~< d~!e of ~he next mOnth:y paym.ent ar.d each successi:e ~nonth mereafter u..til mortgagee shafi not:iy mortga~or of a change in such ~ ~~.ount. S~ch s~ms sh.a:i be app~ied by mortgagee toward the payment of real pro~~ty taxes, iowrance prem:ums, and mortgage guaranty insurance :-••emi~ms. ~ IN YlITDJESS '.'/H~REOF, the said h10RTGAGOA has he~eunto set his hand and seal the day and year first aforesaid. ~ Signed, Sealed and delivered in the presence of: /J "V ~ SeaO - ~ , Williao H. Perr tseaq - 5+~~- lA~ - (5eaq - - J sie W. Perr ~~ap STATE OF FIORIDA J ' ~ , COU:~iTY OF ST. I.[ICIE j ~ - ~ William H. Perry .?,d Before me personally appeared ?f, Jessie W. Perry his wife, to mQ.w~l~ knqw~•~nd'knov4q~~lin+e to be th~ individuats dexribed in and who executed the fwegoing instrument, and ackrawledged beiore me that the~ ncPGuled the sarAe~fri`y 31~e purposes therein expressed. And the said J6551@ w. P@lZ~l • _ ,N:fe of the said Willl~ H. Perry ' ypp~aiate i~nd private exam;nat:on by me taken separate and apart fro:n F~er said husband, ack~owledged to and before me that she e:ecutld s'd.in~R frpety and volun- tar~(y nnd w~thout any comp~tsbn, constraint, apprehenron fear of or fra~n her said husband. ~ WIiNE55 my hand and off~c~ai seal thisr day of . ~rCt11~ V ~;?~~D. 19 74 ~y ~ No:ary Public i~ and for the Stat f'Florida et large ~X My Commission expires: ~ Return To: q- ~5' ~ 5 First Federal Savings 3 Loan Association O( fort Pe:ce. For, P~erce, Flo~iaa ~ l~.E~ :.-'s~' a~ ;JKp~fl ~ ~f: ,:;M~" j~~: •tp k~~~*= .:'.',PAS e:C~?.: c_~t:: ~OURt _ This Instrument Prepared By RObe=t H. SwisheZ ~ JZ . .-~c r~ y:. j First Federal Savings 8 Loan Association ' of Fort Pierce~ Florida M~ ~l 3~~ PN ~~9 Checked By 2 I ~ _ ~ ~ 225 ~E 12~s `7 { ~~s. ~ - ; ~ _ _ _ . _ .s~