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Home My WebLink About1544 . j To ptace and con~in~ously keep o:i +i~e bu~ d~~~~s ouw a herrafter a~iuate on sa~d isnd and o~ alt ~q~~H:>>rnt a~+d personatly ca.crcd by th~s mo~~g- ~ age, w~th all prenuums thercoo pa~d ~n fuU, fue ~nsvr~~~ce :n iha ..s~o1 s~a~~d~~J po~~cy form, in a sum a~.proYed by ~he MORtGAGEE, a~:d wmditorm insurante ~n tM uswl tirandard poLcy fam, in a w~n ap~~rovad by the NIORTGAGEE, in wch canpany or ccunpan~es as ths MORiGAGEE m~y diretl; and all tirs and w~nJstorm insuronce po~~c~es o~ any of sa~d build~~y~, any inrerest thvrein or part ihareoi, in the aggrega~e sum afaesaid or in txceu ~hereal, shall cor,eain the usual s~andard matgagee ciauie or wdi o~her clause as the Ma~yagee may requ~re, mek~ng tha lo~s u~~der sa~d poli- , cies, each end every, payab~e to sa~d MJRiGAGEE a~ ~b ~n~erest may a~{xar, arx! each a~d every such poGcy sl:o~~ Le prampi~y ass g~~ed anJ dt:~~ered ~o any heid by ss~d h10RIGAGEE as ~unher security :o sald mortc~.~ge d.:bt, a~.d, not les~ than ~en (10) days in advance of the exp~~at~on of each policy, to de- live~ to aa~d MORTGAGFE a ~e~cwal thereof, together w~th a ~ecc~pt for the p~em~um of such renewal; and tF~ere shall be no f~~e or windsto+m insurante plsced o~ any ol sa~d build~ngs, •ny interest there~n or pert thereof; untcu in ihe form and wiih the loss payable as aforeseid; and the even~ any sum of nwney become~ payab~e undcr such policy or po~~c~es ~a+el MORfGAGfE ihall have the op~~o~ to rece~Ye and apply the seme on sccoun~ o( the i~~deb~ed- ~rt~ aecured htreby w to permit aaid MURTGAGORS to recnive and use it w any pan th~reof io~ osi~rr pu~}~uxs, ~•.~~hc~t ih~nur wa~~~n3 or ~u~pa~~- ing •ny equity, iien w right under or by virtue of Ihis mo:tgage; ~nd io tht eveM sa~d MORiGAGORS shall fo~ any ~eason iail to kcep ~he sa~d prem~~es so inaured, or iiil ro deliver pranplly any of aaid po~~ciea o1 insurance to sa~d MORTGAGEE, or fuil promptty to pay fulty any pre~ni,,~n there~o~ w~~ a~Y respect fail ro perlam, discharge, eaecute, e~~ecl, completr, canply with and abide by thi• covenan~. u+ny part he~eoi, said MORTGAGEE may piace and pay iw such iniurance or a~y part thereof wiihout waiving w aftecting any option, lien, equ~~y, or right under w by virtue of ~his Mortgaye, and the full a~naum of each and every such payment shall be immed~ately due and payable and sha~l bear interes~ from ~he date ~hereof uniil pc~d at the rate ot n;ne per centum pe~ annum and to~rther ~~rith such interest shall be srcured by the ~ie~ of this mortgage. 1. To permit, commil w sui(er no waste, impairment o~ deterioration of said property or any part thereof. 5. To pay efl and singula~ the costs, chargea and expenses, ~~clud~ng a ~easonable at~orney's fee and costs of abstracts of title, incurred o~ pa~d at any time by sa~d MORTGAGEE, because w in the evero ol the faJure o~ ~he part of the said MORTGAGOR ~o duly, promptly and fv~~y perform, d~scha~ge. >xecute, effec~, comp:Ne, comply wuh a~~d ab:de by each and every the stipula~~ons, agreema:nts, condfions, and covenants of said promissory note and ~his ! mor~gage any or ei~her, and sa:d costs, charges and e:prnses, each and eve~y, shall be immed~ately due and payable; whether or not there be no~ice dr mand, attempr to collrct ot suit pend~ng: and 1he full amount oF each and e~ery such payment shall bear intereat lrom the date thtreof until paid it the rate of nine pei centum pe:r a~~~~u~n; and all said costs, cha~ges and expenses inc~rred o~ paid, togather w~th such mterest, shall be secured by the lien oi lh~s mortgsge. 6. That {a) in the event of any breach of this Mwtgage or d~fault on the part of the MORiGAGOR, or ;b) in the eveM a~y o~ sa:d sums of mo~ey herein referred to be ~ot pranptiy and iully paid w~th~n th~rty (30) days next aftcr the same severatly become due and payable, without dema:~d or notite, or (c) in the event each and every ~he stipuia~~ons, agreements, cond~s~o~s and covenanis of sa,d promtssory note and th~a mortgage any or either are not ~uly, prompriy and i~tly periormed, d~xharged, execu~rd, effecsed. comp~eted, compGed w~th and ab+ded 5y, then in ei~her w any such event the said ag~ gregate sum mentioned in said promissory note thrn remaining unpaid, w~th interest atcr~ed, and atl moneys secured heroby, shall become due'and pay able forthwith, or thereaftN, at the option of said MORiGAGEE, as fully and comp{etely es ~i all of the sa~d sums of money were ong~nally stip~tated ro be pa~d o~ such dty, anything in sa.d pran~sswy no!e or in this Mortgage to the cont~ary ~otyvithstandiiig; and ~here~pon w Ihereafte? at the op~~on of said MORTGAGEE, wrthaut not~ce or damand, suit at law er in equ~ty, the~efwe ot thereatter begvn, may be prosecuted as if all moneys secured hereby h~d matured pnot lo ~ts +~slitut~on. . . 7. That in Ihe event that at the be9inning of or at any time pend~ng any suit upon this Mortgage, or to fwectose it, o~ to reform it, or to enforca payment of any tla~ma hereunde~, said MORTGAGEE shali apply to the Cour? having ~~nsd:ct~on thereof !or the appomfinent of a Receivet, suth Court shall Fcrthw~th appomt a receiver of said morlgaged property a;! and sing~lar, includ,ng a~~ and sing~lar the inmme, prof~ts, issues and revenues iran whatever source derived, each and every of wh~ch, it be~ng express:y ~nde~stuod, is hereby mcrtgaged as ~f speuficatly set fwth and deuribed in the g~aroirg and hj6endvm clauses hereaf, and suth Rece~ver shail have alt the braed and effective func~,ons and po.~en in anywise emrusted by a Courl ro a Recziver, and s,:h appo~ntment shall be made by such Court as an ad:n~tted eqvity and a m.aner pf absolutc+ right to said MORiGAGEE, and without refetence to the adeyuacy o~ inadequacy of the value of the property mwtgaged or to ~ne sa.vrncy or ~nsoivency of aa:d NtORiGAGOR a the defendams, and that such renrs, prohts, insome, issues and revenues shall be app~ied by such Recerve~ accoid~~~g to the lien or equ~ty o( said MORTGAGEE and tfie practice of such Court. 8. To duty, promptly and fully pertorm, discharge, exxute, effecs, complete, comply wi~h and abide by each and every the stiputations, agreements, conditio~s and covenants ~n sa~d promisnory rtote and th[s mortgage set forth. 9. That in the event the ownersh~p of the mortgaged prem~ses, oi any parf tnereof, becomes vested in a person other tha~ the MORiGAGOR, the h!ORTGAGEE, its successors ar.d ass~gns, may, w~thovt not~ce to the f:50RiGbOR, dea~ with svch wccessor or successor i~ interest with reference to this mo~tgage ar.d the d~bt hereby secured in the same mariner as w~~h Mortgago~ withav~ in any way vit~ating or d~xharging the MartgagoR' liab:lity herr under or upon the deb~ hereby secured. No safe of the premises hereby mo~tgaged aod no forbearance an the part oi the 1110RiGAGEE or its successors or asa~gns a~d ro exfens~on of the t~me for the paymem of the debr hereby secured given by the h10RiGAGEE or its successors or ass~gns, sha~l operate ro refease. d~scha-ge, mod~fy change or affect the ony~oal liab~u~y ot the N.OR(GAGOR herein, e~ther in ~vhote or in part. 10. It is specificatiy agreed that time is ot the esse~ce of th~s contract and that rw waiver oi any ob~~gat~on hereunder w of the oblgstion s~' cured hereby shall a~ any time ~hereafter be he:d to be a waiver of the terms hereof w of the instrument secured herby. 11. In add.t:o~ to the fore~o ~:g month!y payments oi pr~nc pal arsd i~ncrese requ~red by the prom~ssory note seo~red hereb/. mortgagor eovenants and agrees to pay to rr.ortgagee v.~th each momh;y pay~•~ent an acid,donai sum estimated by morigagee to be equat to 1; 12 of the an~ual cost of the follow- ing: A-All rea! propert/ taxes Ic•~ie~ or assesseJ aya~~~st tne above desuib~d real estate. B Prem~,;~ns an ilre and w:ndsto*m insuracca as her:ln req~:red ta be ca:rird on the ~mproveme~ts s~tuata on the above described premises. C-Pre~n~un~s on s~th mortg;ge guaranty icwrar.ce as mo~tyagee shal: fro~n t•me to time deem fit to carry on the loan setured hereby. Mortgagee shjil from time ro t~me notily mongagcr in writing of the amo~~t due and payable hereundtr and suth sum sha;l thereupo~ be due and ;.~yab:e o~ the Cue oaie of ~ha ne.a month~y paynenf and each wccessive month thereaircr uat91 mortgagee shali notify mortgagor of a change in such ~i a ov~t. Such svms sFa:i be app~ied by mortgag•~e ron-ard tne payment of rea! property tazes, insurance prem:ums, and mortgage guaranty insurance ~ crem.i~ms_ i tN Y~~1NE5S LYHEREOF, the said MORTGAGCR has hereunto set his ha~,d and seal the day and year fint aforesaid_ i ~ Signed^Se~ ar.d~ d,e~ivered in the presence of: • ~ ~ c ctC..~ fc~-tf~ . ! ~:=1Vif-~~~ $ean r ~@5 A. P~l1S@Z lSeal) ~ - / I-/ u.~ ~'fL.u-c~- (5~D ~ at erine B. Hensel ~~a~~ STATE OF l: ~ r ~ - , i S5. COUNTY OF ~ ~ t t/'~C/~ 1 Before me personafly appeared Ja~es A. Hensel s~ Catherine B. HP•L13@Z his wife, to me well known and known to me to be thr individuals described in and who executed the for oi~g instrument, and acknowledged before me that they executed the. same for the purposes rherein expressed. And the sa;d_ ~atherine B. Hensel ,~~fe of the said _ J2~a@S A• Hensel upon s•se~arate snd privab exam~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed sa~d instrVir~erif fCelly sr~d vo{uo- rarily and w~thout any compuEaion, constraint, apprehens,on, w fear of or from her said husbartd_ March ,..~~v:: ~74 ~ WITNESS my har.d and official seal this "S day of ` , . . ' ~ -~'-1~. ~9 , ,~C~t ~ ~ t yt'~~~ - ~G• : ' ~ ~ 4 ~~~"~}~t,E4 V Notar Pubii~c in a~d tor ti Stafe f f{onda at lar v' ~ i1LEh ~ r i~A. n c~', 4 : ~ z. - cJ' fjt L~y• NF ?S ~ My Cbmm~ssion expires: _ .t_ , , , . ,~a:C-~, ~ , ~ ~ + ~ ~ t ~ ~K./ ~ Retum To: P~ ~ ~~Uat Y P. C~r~ ~~;-T'~~~ t 7` , First Federal Savings E loa~ Associal~on ~,1F'<~ . ~JL t~.'~eiS~+~~ t~F4~~.~l+~'~I.. _ ~ Of Fort P:erce. F` r` • ~ ~~T ~V-~~,: (u~jy . ~ for, ~i_rta Florida ~ ~ ~ ~ S~A~/~p'yti-~~~~,' 1~ ~ ~ ~ 2`~~~14 .~t:4~ ~ ~ ~ ~ 1 =r : This Instrument Prepared By J. H. Rober ts , Jr . Y•-- 1. _ ~ First Federal Savings 8~ loan Association - {4. : } „ ` ~ of Fort Pierce, Florida ~ + ~ Checked By - ~ . ~ ~ . , aoQM 225 ~E~542 ; j ~ - {.~-b"'~ .i - . _ . _ . _ _ . . " _ _ ' . ' _ ' _ ~y ' ~ v^~{.~ ' "~~~'Y%Y r` .wr-~~ ~ ' ~ ' 5~_ " 'a_ . _ a. e_,~.a~~.`"'~___ _ ~v,.~ _ _