The URL can be used to link to this page

Home My WebLink About0838 3. To p:ate and contin~ously keep on the 6ui:d~n~s now or Lereafter i:tuate on s.,:d ~and and on all eq.,~p.~ent and personally covered b/ this ma~g• e •g~, w~~h atl prem~ums thr~eon pa~d ~n f~;~. 1~re irisura~~ce in ~hr us~al sia~~dsid po'~cy torm, in a sum aHproved by the h10R~i.,%aGEE, a~;d wi~~da~c~~n i~suronce in ths usual standard {wt~cy lorm, in a sum appro.ed by ihr MORTGAGEE, ~n such company o~ co~~~pan~es as fhe MORIGAGEE may direc~; and all fire and w~nduorm imurance po:~cirs o~ any of sa~d b~ild~nys, any interest therein or pa~t thc~eul, in ~he ayg~eg~re sum aforesa~d or In •acess ~hereof, shall co~tain the usual standard mortg~gte d~use or such o~her c~a~se as the Mor~gjgee mey ~equ.re, mak~ng ihe ~oas ~~~drr ~e~d poli- cies, each and every, payable to s~id AIJRTGAGEE as ~ts inrrrost may appear, and each and eve~y ~uch poi~c~ shotl be prorr.ptty ass y~~~~d o~~d de~~.~ar~d ~o any held by said MORfGAGEE es further eec~rity to said mongage deb~. and, not less than fen (10) days i~~ ad+.;+,ce ol ~he eapuat~on of each poticy, to de- liver to said MORTGAGEE a renewal thereof, toge~her wi~h a receipt for ~he prem~um o( such renewal; and ihare •halt be no hre o~ w~~~duo~m insurance pl~ted on any of said build+ngs, eny inte~est therein o~ part thereof, unle~s in rhe fonn a:~d wiih ~he loss payable as aioresaid; and in the event any sum of money becomes payable under s~ch policy w poi~cirs said MORTGAGEE shall have ~he op+~on to rec~~ve and appiy the same on accovnt of the i~idr~ted- ness secured hereby w to perm~~ sa~d MORTGAGORS to receive and use it w any psrt ~he+rof lor o~n•.i ~;ur~.wes, ,r~~t~,,;t ~h: ur .V..~~~ ~7 P~~~- irg a~y equity, lien w~~yht under or by virtue of this morrgage; and in the event te~d MORiGAGORS shall for any reason iail to lceep ihe sa~d prr~nis~s so insured, o? fail 1o Clelive~ pro~~p11Y any of Saitl poGCias of insurante to said MORIGAGEE, or fai! promptly to pay f~tly any prenuum Iherefor or in a~y reapec~ fai{ to perfam, discharge, executr, eifect, comp~ete, comply wi~h and ab~de by th~s cove~ant, a any part hareof, sa~d MGRiGAGEE may piace a~~d pay fw such insurance or ar.y parl the~eof w~fhout waiving o~ affecting any option, Iien, equ~ty, or r~ght under w by virrue oF ~h~s Mo~rgage, and ihe lull amount of each and every svch payment shall be ~mmediately due and payable and shall bear interuu lrom ~he date thereol u~~~il p.,~d at the rate ol nine per centum pe~ ann~m and to~e~h,r with such inter~•st shait br sa.ured by the lien of thls mongage. 1. To permit, commit w suffer no waire, impairment or dete~~oration of aa~d p~opcrty w eny part thereof. S. To pay all and singular the costs, chaiges and ~xpenses, including a reasonable attorney's fee and co:ts of abstracts of fitle, incurred or paid at any time by sa~d MORTGAGEE, because w in the event of fhe fa:lure on ~he part of the said MORiGAGOR to duty, pron,ptly and f~l~y pe~iorm, d~sch~rge. execute, efied, complete, comply wAh and ab:de by each and eve~y the stipulations, agreen~ents, tonditioos, and covene~ts of sa~d promissory note and thi~ mwtgage any or e~ther, and sa:d costs, charges and expenses, each and every, shall be immrd~ately due and payab!e; whether or not thrre be ~ot~te da mand, attempt to co!lect o~ suit pend~ng; and tha tull amouN of each and e~ery such paymeN shall bea. interetit from the date thereof until paid at the rate of iiine per ctntum per annu:n; and af{ said tosts, cnarges a~id expenses incurred w paid, logelher w~th SuCh inter~st, snall be secured by the lien o( tha mortgage. 6. That (a) in the event of any breach of th~s Mortgage or defautt on the part of the MORTGNGOR, or (b) in the event any of sa:d aums of money herein referred to be not promptly and fully paid wirh~r. th!ity t30) days next airer the same severalty become due and peyaule, wi~hou~ demand or nouce, or (c) in the eveN each and every the st~pulahons, agreements, co~d~tions and covrnants ot sa.d promiswry rrote and th~s mo~tgage any or e~ther are no1 ~uty, promptly and fuUy performed, dacharged, executed, eifeded, canpleted, complied with and ab~ded 5y, ~hen in e.+her or any such event the sa~d ag 9regate sum mentioned in said promissory note thzn remain~ng unpaid, wirh interest accr~ed, and azl moneys secured hereby, st~atl become due and pay able forthwith, or thereafter, at the opt~on of said MORTGAGEE, as fully.and comptetely as if a11 of tl~c sa~d svms oi money were or~ginatly st~putated to be pa~d on such dey, anything in sa:d prom,ssory note or in this Mortgage to the co~~rary no~w~ths~and~ng; and thereupon or thereaiter at the op~~on of said MORTGAGEE, without not~ce or demand, suit at law or ~n equ~ty, ~he~efore or therealter begun, may be prosec~ted as if a11 mo~eys secured hereby had mawred pnor to ~b instituhon. 7, That in the event that at the beginning of or at any time pend~ng any su~t upo~ this Mortgage, or to foreclose it, or to refwm i1, or to enforce payment of a~y daims hereunder, said MORTGAGEE shafl apply to the Co~r~ having ~unsdiction theieot for the appomtmem of a Rece+ver, such Co~rt shafl fwthwith appoiN a receiver of said mortgaged property all and singular, indud,ng a11 and s~ngu~ar the ir.come, pro(~ts, iss~es and reve~~ues from whatever source derived, each and every of wh~ch, it being expre~sty understood, is hereby mortgaged as if spec~ficatly ut forth and described in the grant~ng a~d hnbendum c3auses hereof, and svch Recei~zr shalt have all the broad and effett~ve funcno~s a~d pov.ers in anywise entrus~ed by a Cou~t to a Rec~iver, and si~ch appointment shall be made by svch Coun as an admitted eyuity a~d a maner of abiolute right to said MORTGAGEE, and without reference to Ihe adequacy or inadequacy of the value of the property morfgaged or to the so.vrncY or inso:ve~cy of sa~d MORTGAGOR or the defendants, and that such rents, profits, income, issues and revenues shall be appi~ed by such Recaiver accord~ng to the iien or eqv~ty of said MORTGAGEE and the pracnce of such Court. 8. To duty, promptly and fully perform, d~scharge, exec~te, effect, comp:ete, comply w~th and abide by each and every !he st~pulations, agreements, conditiona and covenants in aa~d promissory note and th~s mortgage set fo~th. 9. That in the event the ownersh~p of the mortgaged prem~ses, or any part thereof, 6ecomes vested in a person other than the h10RTGAGOR, the MORTGAGEE, its suttessors and ass~gns, may, w~rhou~ no~ice to the tdORTGAOR, deal w~th such successor or wccessor in ;nterest wirh reference to ih~s mort9age and tFee debt hereby secvred in the same manncr as with Nlorrgagor w~thout in any way vitiating or d~scharging the Mortgagori liabi~ity here- under or upon fhe deb~ he~eby secured. No sale of t1~e Fremises hereby morfgaged and no forbearance on the part oi the /hORTGAGEE or its s~ecessors or assigns and no exrens~on of the t~me ior the payrnent of the debt hereby secured 9~ven by the 1~10RTGAGEE or its successors or ass:gns, ahall operate ro release, d~scha~ge, modify change or affect the origmal Iiab:ISty of the M,ORTGAGOR herein, eitFur in whole or in pa~t. 10. It is speuficaity agreed that ti~ne is oF the essence of this contract and thst no waiver of any obligat~on hereunder or of the oblgation se- cvred hereby sha!{ at any time thereairer be he:d to be a waiver of the terms hereol o~ of the instrument secured herby. I1_ In add.tien to the forego ng momFty payments of princ'pal and interest required by the prom~ssory no!e secored hereby, mortgagor covenants and agrees to pay to mortgagee vti~lh each monthiy pay~nent an addirional sum estimated by morigagee to be equa~ to 1;'12 of tiie annual cost of fhe foilow- ~~9: I A-Afl real property taxes !e•ned or assessed aga~•~st fhc above describ=d real estate. B-Premtums on fire and w~ndsro~m ~nsvrarce as herein requ~red to be carr~ed on the improveme~ts sit~ate on the above desu~bed premises. C-Premfvrns on s~ch mortg,ge guaran!y ir.svrar.ce as mo~Tgagee sha~f ira:n r me to time deem fit to carry on the loan secured hereby. M.ortgagee shail frem t~me to ti^~e ncr~fr mortyagcr in writ~ng of the arr.o~~t due and payable nereurtdrr and svth s~m shaEl thrreupon be due and payable on the d~e tiate oi the next month'ty payment and each successive Tonth tnereaitcr ur.til mortqagee shall notiFy mortgagor of a change in such amount. Suth surns s~a:l be ap~.!i~•d by mongayce tov~ard the payment of reai p•operty taaes, insurante prem:ums, a~iJ mongage g~aranty insurance premiumi. - IN YfITNESS ~:HEREOF, the sa~d MORTGAGOR has here~nto set his har.d and seal the day and year first aforesaid. Signed, Sealed and deliverqd in the presence of: (Seal) - ~ aaes B. Wilson cszai~ i~~ti+--- (Seaq . - Ja F. Wilson ~~a~~ SiATE OF FLORIDA ~ S5. COUNTY Of St • Lt1C1@ ~ Before me personally appeared Ja~es B. w11S0[I and , Jane I' • Wilson his wife, to me well known and known to me to be ~ the individuals desc~ibed in and who executed the foregoing instrument, and aticnowiedged before me that they ezecuted the same fw the purposes lherein expressed. And the :a=d___ Jane F. Wilson wife of the sa:d J~eS B• wllSOfl upon a separate artd private : examination by me taken separate and apart from her said husband, atknowledged to and before me that she executed said i~strwnent freely and volurt- ta~ily and w~thout any compulsion, constraint, app~ehens~o~~n,/or fear of or from her said hus nd. ~ WITNE55 my hand and official seal this__ ~ s`~'ti day of ~ ~til - A. D. 19 74 V ' Notary Public in and for the te of Fbrida at larye My Commission expires: ~ 0. 3 O• 1~r Return To: first Federsl Savings b loan Associat~on • t ~ •~i Of Forf P:~rce. , Fort Pirrce. F:o.1da ~ ~t~ ~ • . ` `"~l-,.. ~ ~`~•i.~ Il4'CER FO~TRIs : ~,I= CLE~ .GtftT C~IfRT ~ : ~ • - This Instrument Prepared By J. H. Roberts Jr. REt~~yf~'~~~f~"r- ;:t:~ ; First Federal Savings 8~ loan Association 1 - of Fort Pierce , Rlozida ~ ~ ~ ~ . . , d _ Checked By i;~- `~r1y~~~ " - aooK 226 PacE 8;~8 - _ _