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Home My WebLink About1947 thia mwt ` To plsce snd con~inuovsly keep on ~he bu~,d~ng~ now or here~iter fituat~ on ia~d land and on ali eF~ m a"d1~~MORIGAG~E~ ebd windstw n ~ +gs. with d) premium~ therco~ pa~d in lull, (ire insurance uiual s~anda~d po~~cy form, i++ + tiu.n a ovsd by iniurant~ in the ususl •undard p.~~~cy fwm, i~ • sum approred by tht MORTGAGEE, in tuch twnpany w tompan~ts as the MORTGAGEE m+Y i dirtctj ~nd all fire +nd windi?orm inswance poGuet a+ +~Y o( ~a~ ~+ild~nqs, any interest ~herein w part thereof, in ~fie ag9~ega+e sum •taesaid w ~ ~ in ~xcess ~her~of. sMll contain the usual standard marga9es clause a such other clauie as th~ Mor~Qa9ea mey requ~r~. ma;''^9aiFiO ned a~d dei~Yerrd eo `r ~ re~, each artd ~very, p+yab!e to aid MORTGAGEE as iu interest may appe+4 u+d each and avery tuch po~ky shatl be p~anp Y 9 v,. , any heW by s~id MORTGAGEE as (urther secu~i~y to ssid mo~t9age deb~, and, not les~ than ten (10) days in advance of the exNiration of each policy. ~o ds- « i liver to said MORTGAGEE a renewal thereof, ~ogether with e receipt fw the p~emium of tuch re~ewa~; and there shalt be no f~re or winds~orm i~suranc~ i_ plsced on ~ny o1 ss~d buildings, any i~terest thrrein or pa~1 thereof, vnless in ~ht form and witA the loss paYable at aforesaid; and in the event any tum of money bccomes p+yabte unde~ such policy a po~~c~ea said MORTGAGEE ahall have the ept~o~ to rece~ve and apply the saroe on ac:ount o1 the indeb~ed- ness secured he~eby w?o pe~mit said MORTGAGORS to reteive and us~ il or any part thereof for oti.c~ pwposes, witho~t tha~cu~ wa~v~ng o~ u~:par- ing ~ny equ~ty, lien w right u~der w by virtue of ~his mo:!9ege; and in ~he ~vent ss~d MORTGAGORS ihall fo~ any reason feil to keep the aa~d premisrs so inswed, w fail to deliver prompdY sny of u~d poGcies of insurance to sa~d MORTGAGEE, a fai~ promptly lo pay fulty any pre~n~um therefor w~~ a~y . respec~ fail to pertorm, discharge, eaecute, etFed, complefe, comply with and ebide by this cov~nant, a any pa+t hercof. sa~d MORTGAGEE mey place a~d pay ia such inwrance or any part tFxrcof wi~hout w~iving w+ffecting any op~~on, lien, equity, w right under or by virfu• of this Mo~?gs9e, and the ~ f~ll amoun~ of each and every such payment shall be immediately due and payable and sha~S bear interest from the date thereot until paid at the rate o1 , n~ne pe~ centum per annum and togathe~ with such interest shall be secured by ths lien o( this mwtgage. 4. To permit, commit or suFfer ~o waste, impairment or deterioration of aaid property or any part thereof. S. To pay all and singular the costs. charoes and expenses, ~nclud~ng a reaaonable attor~ey i fee and costs of abstrocts of title, incurred or pa~d st any time by said MORTGAGfE, bccause or in the event of the failure o~ the part of Ihe said MORTGAGOR to duly, promptly and fully perform, d~scharge, : execute, efied, complcre, co~npty w~~h and sb:de by each and every the stipulat~ons, agreementa, cond~tions, and covena~ts of sa~d prom~ssory note and ~his ' matgage ~ny w e~ther, and sa~d costs, charga and expenses, each and every. shall be immediately due snd QaYable; whether w not there be rwt~ce de mand, attcmpt to collect or suit pend~ng; and the (ull amount of each and every such psyment shall bear interest from the date thereof until pa~d a~ ~he r~te of nirx per centum per annum; and all said costs, charges and expenses incurred w paid, t~gether with auch interest, shatl tx tetured by the lien of this mortysye. 6, Tha1 (a) in the event of any breach of th7s Mort9a9e a default on the part of the MORTGAGOR, w(b) in the eve~t ~ny of sa~d sums of money herein referred to be not promptly and futly paid within th~rty (30) dals nexl ailer Ihe same severatly becon+e due end payabte, without demand or notite, or (c) in the event each and every the stipulations, agreemeros, cond~tions and cover~ams of sa:d promiswry oote and th~s mwtgage any o~ e~thcr are not iuly, promptly and fully performed, d~uhuged, executed, effected, compkted, comp~~ed w7~h and ab~ded 5y, then in e~~he* w any such event the sa~d sg grcgate sum mentioned in said prom~ssory note then remaining unpaid, with interesl accrued, and all moneys secured hereby, shall become due and pay- abte foithwith, or thereafter, at the option of said MORTGAGEE, as (vlly ard comple~ely as if all of the sa+d sums of money were orginally st~pulated ro be pa~d on such day, anything in sa~d promissory note w this Mortgage to the co~~~ary notwithstanding; and thereupon w thereafter at ~he op~~on of iaid MORTGAGEE, without notice or demand, suit at law a in equity, therefore or thereafter begun, may be prosecuted as if sll moneys secured hereby nad matured pnw to Js imtitution. 7. Tha~ i~ the event that at the beginning of or at any time pend~ng a~Y svlt upon this !1Aortgage, w to forctlose it, o~ to refwm it, or to enforce payment of any claims F+ereunder, said MORIGAGEE shall apply to the Courl having ju~~sd~ction thereof Eor the appo~mmem of a Receiver, such Coort shall i Forthwith appoiM a receiver of said morlgaged propeAy all and singular, includ~ng all and singular the ,income, p~ohts, iasues and revenues from whatever : source derived, each and every of whrch, it be~ng expressly understood, is hereby mo+rgaged as if spec~~katly set fonh ~nd deuribed i~ the flran~ing and } habendum tlauses hereof, and such Receiver shall have afl the b~oad and effective lunct:ons and powers in anywise entrusted by a Court ta a Receiver, and : r~:h appointmenf shall be made by such Court as an admitted equity and s~*+ane* of absolute r:ght to w~d titiORTGAGEE, and without reference to the , edequaq o~ ~nadequacy of the value of the property mortgaged or to the so~vency or ~nsolvency of said MORIGAGOR or the defendants, and that s~ch ? ren~s, profin, income, issues and revenues shall be applied by such Rece~ver according to the lien or equity of said MORTGAGEE and the practice of such ~ Court. i S. To dufy, p?omptly and fully perfwm, d~scharge, execute, effect, rnmptete, comply wi~h and abide by each and every the stipulations, ag?eements, ~ conditions and covenants in sa~d promissory note and this mwlgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR. 1he h'.ORTGAGEE, its successors and assigns, may, without notice M the MORTGAOR, deal wi~h s~ch successor w successor in interest with reterence to this mo+tgage and the debt hereby secured in the same manner as with Nbrtgago~ without in a~y way vitiating or discharg+ng the Mortgagars' liability herr under w upon ~he debt hereby secu~ed. No sale of the premixs hereby mortgaged and no forbearance on the pa~t oi the MORiGAGEE or its successors or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or au~g~s, ?iwll operate ~ to release, discharge, modify change or affect the origmal liability of the MORTGAGOR Fxrein, either in whole or in part. ~ 10. It is spec~ficatly agreed that time is of the essence of this contract and that no waiver o( sny o6ligatio~ hereunder or of the obligat"wn se- cvred hereby ahall at any time thereafter be he:d to be a waiver of the terms hereof or of the instrument secured he~by. 11. In add~tion to the iorego:ng monthly payments of princ'pal and interest requ~red by the prom~ssory no!e secwed hereby, mortgagor covenants ~nd agrees to pay to mo-tgaqee w~th each monthiy paymem an add'uional sum estimated by mwtgaget to be eq~a{ to 1/12 of the annuat cost of the follow- Ing: A-All real property taxrs lev~ed or a:sessed agai~st the ab~ve dezcribed real estate_ B-Premiums on fire and v~indst~rm insurance as herein requ~red to be carried on the improveme~ts situate on the above d:scribed p~emises. C-Premiums on such mwtgage guaranty insurar,ce as mo; ~gagee shall fra~~ nme to time deem fit to carry on the loan secured hereby. la t reunder and such surn shall thereupon be due and 4 Mortgagee shafl from time to ti~ne norify mortgagor sn writ~ng of the amount due and payab e he ~ ~ ayable on ihe due oate of the next momh;y payment and each sutcessive month tnereafter ur~til mortgagee shall not~fy moitgagor of a change in such ~ a-~ount. Suth sums shail be applied by mortgagee toward the payment of rea! property taxes, insurance prem:ums, a:id mortgage guaranty insurance • ; remiums. ~ IN WITNESS Y~HEREOF, the said MORTGAGOR has hereunto ut his hand and seal the dny and year (irst aforesaid. F _ ~ Sig aled and delivered in the prese~ce of: , € ~ ~ -~O ' ~s°°~) ~ ~e~ e / (Seaq ~ - C . ~c _ ~ - i5~~~-!~ (Sea4 ~ t T1B S 3~11 N. (Seaq ~ i r S7ATE OF FLORIDA ~ St . Luc ie ~ " ~ couNrv oF ~ I C . Cobb a~d ~ Befwe me per a{ly appeajed 'Susan fl. his wife, to me well known and known to me to be ~ rhe ind~viduals desu~bed in and who exauted the foregang instrunxN, and acknowtedged before me that they executed the same fw the purposes ~ theroin expressed. And the sa' ~ St1Sa11 /e1. CAbb f, ,~ife of the said Jerry . upon a seps~ate and privete , ~ examinatio~ by me taken separate and apart from her said husband, acfcnowledged to end before me that she executed said instrument f~ee~y,~;d volun- i ~ t>nly and without any compulsion, constraint, apprehens:on, or fear of ot from her said hus4and. ~~it,,:lftt;1lj Apr il ~ '•~a e.''i474 WITNESS my hand and official seal this ~3 day of . ~ . • = ` Notary Public in and for !1 Sta}t,~f•F ri~!'~f'LA?~e - ~ My Corr.mas~on expires: ~ p 1~~~ 6 - Retum To: ~ ~ j = First Federal Savings 3 loan Association _ ~ Of fort Plerce. . ~ ` _ ~ Fort Pierce, Florida ~ - ~j~~ ~R~j~ ` , : _ S r.l;; ~ c~j ~ ~ . Ellwood sL~R~yE~,~f ES ~ ~ ~ This Instrument Prepared By Galy - First Federal Savings & loan ~loYtida R g~~'~~ ~OQ~226 ~i946 ~ of Fort Pierce ~ ~ ~~s Checkeci By ~ 2504~~ ~f _`I • • ~x ~ ~ ~ . . _ _ . ~ _ .