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Home My WebLink About0128 ~ ~ To plac~ and co~tinvously keep a? 1ha buildings now w hereafter situ~t~ on said land and on all equipment ~nd personally covercd by ~hii matq• 1 sg~, wi~h all premiumi thcreoe~ pa~d in (uii, fire insurance in ~he u~ual irandsrd poi~cy fam, in a ium approved by ~he MORiGAGEE, and w~ndsrorm ~ inw~anc~ in tM usw) st~ndard pol+cy fam, in ~ ium ipproved by ~ht MORTGAGEE, in such compa~y w cw^P+^~~s MORTGAGEE ~+++Y ~ direclt ~~d ~II fire and windswrm io~urance policies on sny of said buiFdinps. any In~~~at the«i~ w part ~her~of, in tM apg~e9ate wM ato~esaid w , In ~xc~ss ~hereof, shsll contain ~M vs~al standard murgage~ ci~us~ a such o~hK claus~ u the Ma~9+9ee may requ~re, ms?inp ~hs ~o~s unde+ sa~d po1F ~ r cis~, eath aod evary, payab~e ~o s~id MORTGAGEE a~ iti intNesl may ~ppear, and each aod eve~y s~?ch pulicy ~hall b~ prompdY +u 9^ed a^d delivered ~o ~ any held by said MORTGAGEE ~s f~nhe~ security ~o sa~d monyage debt, ~nd, not leu tian ten l10) days i~ adva~ce of the expiration of each pol~cy. 1o da liv~r to ssid MORTGAGEE ~ renewal thereof, ~oge~her witA a rcceapl fw the p~~++ium of such renewal: and ~her~ shall be no f~re or windstor~e insuronce ~ plsced o~ any of said buildings. ~ny interetl therein a p+rt lhereof, unleas in the form ~nd wi~h tM lou payable as aforeuidj and ln 1he eve^t +^Y sum of money becomes pay+ble unde~ iuch policy w pol~cies iaid MORTGAGEE shall Mve ths option ~o receive and apply the sart~e u+ eccounl of the irtdeb~ed- s ne~s secured he~eby or to permit said MORTGAGORS ~o reteive u+d u~ i~ o~ any pa~t lhcreof ior other purposes, w~~hout ~he~~bt waivi~ig ar ~mPe~r- iny a~y eq~ity, lien w right uncler or by virtue of this mort9age; and in the event ia~d MORTGAGORS shall io~ any reason fail to keep the sa~d premises so 1' in:u?ed, o? fail ro detiver p~omplly ~nY of said po~~cies oi i~surance to sa~d MORTGAGEE, or fail promptly to pay fully a~y p~e~n~um therefor or in a~y reapect fail ro pe~iam, diuhuge, exetute, e~tect. compkre, comply with and abide by thii covenant, or any part hereoi, said MORiGAGEE may plsce a~d pay iw such inwrance u ~ny part thereoi without w~iving w~fiecti~p any oplion. lien. equ~ty. w right unde~ w by virtue of this Mortgage. snd the full amount of each aod evs.y such paynxnt shall be immediately due and payable and shall brar interest from the date thereoi ~niil paid at the ra?e ol n~ne pe~ cer+tum pe~ snnum and to~ether with such interest shafl be srcured by fhe lie~ of this mwtgage. 1. To permit, commit w s~ffe~ no waste, impairment w deteriwation of said property or ~ny psA thereof. ~ 5. To pay all and sirgulu the costs, charges ind expenses, inctudinp a reasonable attw++ey i fee and costs of abstracts oi ti:le, incurred a pa~d at # any time by said MORTGAGEE, betause a io ths event of the failure on 1he part of the said MORTGAGOR to duly, promptly a~d (ully perform, d~uharge. } execute, effect, complete, tanp~y with and ab~de by each and every the stipulations, sgreeme~ts, conditions, and covenants of said p~omiswry note and thi~ ; mortgage any a ei~her. and sa~d cosn. charges and e:penxs, each and every, shall be immedi~tely due and payabte: whether w not there be norice de~ mand, attempt to rnllect w suit pend~ng; and the fv11 amount oi each and eve?y s~?ch paymem ~hall bear interest from the date thereof until paid at the ~ rate of nine per centum per an,~~rn; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be tecured by the lien of this ~ mortgag0. 6. That (a) in the event of any breach of this Mwtgsge o? defaull on the parf of the MORTGAGOR, w(b) in the event any of sald su~ns of money } herein referred to be not promptly and fully paid wi~h~n thirty (30) days next after the same seve?ally become due and payab~e, withoul demand w nor~ce, ~ or (c) in the eveM csch and every the atiputations, sgreemenn, caxJitions and co~enants of sa~d promluorY note and ~h~s mortgage any o? either are nol ~uly, promPNy and tully performed. dluharged, execu~ed. effeded. compteted, comptied with and abided by, then in e~ther a any such event the said ag~ ~ gregate sum mentioned in said promissory no?e then remaining unpaid, with interest accrued, ~nd all moneys setured hereDy, thal{ betome due and pay- able forthwith, OI 1F1lfNftN~ at the option of said MORTGAGEE, as fully and completely as if all of the said sums oF rtaoey were aginally i~~putated , ro be paid o~ suth day, anything in said ptomisswy note or in this Mortgage to the contrary notwithstanding; and thereupon w thereafter at the opt~on of r said MORTGAGEE, without not~te or demand, suit at law w in equity, therefore ot thereaiter begun, may be prosecuted as if all moneyt secured hereby } had matured prror to its institution. ~ 7. That in the event that at the beginning of w at any time pending any su~t upon this Matgage, or to fo?eclose if, or to reform it, o~ to enfwce payment of sny claims he?eunder, wid MORTGAGEE shall apply to the Coun having ju~isd~ction ~hereof ior the appo~ntment of a Receiver, such Court shall ` iorthwith appoint s receiver oi said mortgaged p~opeNy atl and singular, includ~ng all and singutar the income, profits, issues and revenues from whatever source derived, each and every of wh~cfi, it be~ng expressly understood, i~ t~ereby mortgaged as if speufically xt forth and desu~bed ~n )he 9ranting and habendum clauses hereof, and such Receiver shall have all the broad and effecrive func?~ons and powers in anyw~se entrusted by a Court to a Receiver, anrl s~ch appoinfinent shall be made by such Court as an admitted equiry and a ma~ter of absolute right to said MORTGAGEE, and wiihout reterence to the adequaq w inadequacy of the value of the p?operty morfgaged or to the sotvency or ~nsolvency of said MORTGAGOR w the detendants, and that such rents, proiits, intome, iasues and revenues shalt be applied by suth Receiver atcwding to the lien u equity of said MORTGAGEE and 1he prsctice of suth Courf. ' 1 8. To duty, promptty arsd fully perform, discharge, exec~te, effect, co'.~plete, comp~y with and abide by each and every the stipulations, agreements, ~ conditions and covenants in sa~d promissory ~ote and this mwtgage set iwth. ~ 9. That in the event the ownership of the mortgsged premises, or any part thereof, becomes vested in a person ofher than the MORTGAGOR, the ~ MORTGAGEE, its sutcessors and assgns, may, without notice to the MORTGAOR, deal with s~th succeuw o~ successor in interest with reference fo this mortgage rod the debl hereby secured in the same manner as with Nbrtgagu without in any way vitisting w dixharging the Mortgagors' liability here- ~ under or upon ihe deb~ hereby secured. No sale of the premises hereby mo~tgaged and no forbearante on Ihe part of the MORTGAGEE or its successon or assigns.and no extension of the time fw the paymenl of the debt hereby secured given by the MORTGAGEE or its wccessors w auigns, ahall operate ro release, discharge, modify change w affec~ the original liability of the MORTGAGOR herein, either in whok or in part. 10. It is specifically a9?eed that time is of the essence of this contract and that no waiver of any o6ligat~on hereunder or of tha ab!igalion sr cured hereby shall al any time thereaNer be held to be a waiver of the terms hereof a of the instrument secured herbY- 11. In add~tio~ to the forego:ng monlhly payments of prin~ pa) and interest required by the promissory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee wilh each monthly payrnent an add~~~onal sum estimated by mwtgagee to be equal to 1/12 of the annual tost of the follow- ing: ~ A-All real p~operty taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the abave described premises_ C-Premiumz on such mortgage' guaranty insurance as mo~tgagee shall from t~me to time deem fit to carry on the loan sewred hereby. ~ ~ Mwtgagee shall from time to time notify mortgagor ~n writing of the amount due and payable he~eonder and such sum shall thereupon be due and ~ j ;.ayable on the due date of the next monthly payment and each successive mo~th thereafter urtil mortgagee shall notify mortgagor of a change in such 3 E a~r:ount. Such sums sF.ail oe applied by mortgagee toward the paymeot of real property tazes, insurance prem.ums, a~x! mwtgage guaranty insurance ~ oremiums. ~ IN WITNE55 WNfREOF, the said MORTGAGOR has hereunto set his l~and and seal the day and ar flrs a esaid. ' n~d, $ea ver in the ~resenc of: ~ f/ ' ` a4 ~ / L `l~ ( ~ , • ~ ItOII {IIT ~lY ' a4 , ~ ~ NI~Y ~O 1@ C. Baly d (Seaq ` . } ~ STATE OF FLORIDA ~ s $L. LLtCi@ ~ couNn oF ~ Milton W. Baird `J, Before me penonally appeared a~ hI~ iorie C Balt[~ _ his wiie, to me well known and known to me fo be ~ the individuals described in and who executed the for oir~ instrument, and ackrwwledged before me that they executed the same for the purposes ~ the~ein expressed. And the ~ ~jorie C~~aird ~ w'~fe of the said Mi1Lon W. ~lld upon a separate and pr'rvata ~ examination by me taken sepsrate and apart from her said husband, scknowtedged to and beforo me that she executed said instrumem freety and volun- ra~~ly and without any compulsion, constraint, appr hen on, w fear of o? from her said husband. 74 WITNESS my hand and offitial seal thi day qf A. D. 19 ' ' ' /~-C~ ~ Notary Public in and fw the St e of Flor' af Larpe My Commission expires: Retum To: -,j~y Fint Federal Savings d. Loan Association Of fort P~erce. Fort P~erce, fiwida AMD RECOR0~.0 ' f ~EO , ~ S~. ^0 ERCPO TMS~~ ~1.~.'~„ S f'~V~, John W. Col lins CtEAK C~~CU1T COURT ; J.• ' : This Instrument Prepared By AECORD VER•FIED = First Federal Savings 8 Loan Association ~ ~•N ~ TA n Y~'• : of Fort Pierce s R lori da ~ 3 9 g y A M Z~ ~ a~o.o , ,Y - p~~L1G Checked By - ,~Q~ ,r` . . . ; ~ • • . i ~~f0 . ? - 3 , 4 • ~ o R 7 P~ ~.2? BOOK ~ . ~ w,~ ~ - - - ~ ~