The URL can be used to link to this page

Home My WebLink About0450 3. To pl~ce and continuously keep on ths buildi~+ps now or he~esftN utust~ on said I~~d +nd a+ all equ7Pmen~ +^d P~nonally covered by this mat¢ with •1! premivms thereon pa~d i~ (ull, fire i~surance in tM uswl ita~+dard policy fam, in ~ tum appr« ed~~^he'M~Ri ~G MORTGAG E s,may i~suranc~ in ~M uswl standard pof~cy fam, in ~ ~um approv~d by IM MORTGAGfE, in s~ch tanpu+y difKfj and all firs +nd windsto~m i~suranc~ policiea on +ny of aid buildinpa, a~y inMry~ tF?aei~+ w parl tF+~rwf, i~ tiw +~yrepa~e ~um afor~aid or In ~xcess lhereof. shaU conbin ~h~ uiusl sundud mortyy~ clauN o~ ~~ch ott~ claw~ as tM Mwtpaqe~ may rpuut. m+winq Iht lou unda ~a~d pol~ . ciss. each and every. paYabl~ to said MORTGAGEE ~s its interest m~y app~+?. ~nd sach and tv~ry ~~ch pollcy ~hall b~ promplly su 9ned ar.d dtlivered to ~ny held by sald MORiGAGEE as fu.~her iecvrity to said mut~s~ debt, and, not I~si thu~ ten (10) days in ~dv+nc~ c~ ~M ~xpir~tan of ~ach policy. to dr liva to said MORIGAGEE a re~ew~l tlxreof, topethK with a receipt fa the p~~iwn of such renewal~ +nd there iF+all be no f+re a windstorm ie~tu~~~c~ pl~c~d on ~ny of said buildings, any interoil ther~in or put thereof, unleu in tM form ~nd wilh tht Iost p+Y+ble ai aiaesaid: end in tM ev~nf ~ny iun+ of na~y becomes pay+ble under such policy w poGcies said MORTGAGEE slwll Mw the option ro receive and spply fM w~ne or? accou^~ o( the iodebted~ neu ucwed hereby w to permit said MORTGAGORS to reteiw ~nd vs~ it p any pa~? thereof fw othe~ purposes, wilhout thare~/ waivi~~y or ~mpair- ir?p ~ny puity, lien a rigM unde~ w by vi~tue of this morsya9~t +~d u+ 1M ~vent sa;d MORTGAGORS ihall fw any reason tail to keep the iaid premiszs so . insurad, or fsi! ro deliver p?ompl~y +r?y of said polities of insuronts 1o sa~d INORTGAGEE, ot 1si1 promptly fo pay fully any p~emium tF?erefo~ w in any respect fsil to pafam, distharge, execute, effed, tomplete, comply with ~nd ~Dids by this cove~unl, a any part hereof, said MORTGAGEE m+y place +^d ~~v paY (ar such insura~ts a any part thercof without wsivioy w affattinp ~ny option, lien, equ~ty. or ~ight unde~ w by virtw of this Matga~e, u?d ~he f.,11 amoun~ of each and everr ivcl+ P+yme^t shalt be immedi+tely dw and pYsble u+d ih~ll beu inte~eit irom ths date thereof vntil paid at tM rate ol nine pN tentum per annum and to~ethet wdh sutn ~nferest snan oe srcwev :+y ~.a~. •••~^:y~s=. To permit, commit w suffer no waste, impairment or deteraration of s~id property or +eY P+~ ~~+e~e°f• S. To paY +II snd unputu the costs, chuges u+d expenses, incl~dinp a ~e~son+ble attorn~y'~ fe~ and costs of abstrscts of titk, incuned w p+~d sl any time by said MORTGAGEE, because w in the tvent of the failure on the part of tM said MORTGAGOR to duly, promptly and fu~ly per~a~n. d~schargR azec~ts. effect. compkte. comply w~th and ab~de by each and every the stipulatans, a9reements, coeditiaa, snd covenants oi said praniuory note and rhi~ inortg~pe any or ei~her. ••.d s+1d costs, charyes and expenses. each and avery, shall be immedi~tely dw snd payable: whether or not there be noHce d~ ~ mand, attempt to colie.~t or wit pend+rgt +nd the full amount of eacle and every wch P+YmeM shall b~+~ interes~ (rom Ihe dats thereoi u~til paid ~1 ~he ra~e of nir~e pcr centuc~ per arnwm; and all said costs, chuges and expenses inc~rred w pa~d, topether with such intmesl, ~Aall b~ sacured by the lien of this mortyaye. 6. Th~t (a) i~ thc event of ~ny brcach of this Mortgsp~ w default on the part of the MORTGAGOR, o? (b) in 1F+e event any of s~~d s~ms of money herein rofared fo be ?wt promptly arx! fully psid withi~ thirty (30) d+ys next aiter the same seva?ally become due and p+yable. withouf dem+nd or notice. or (c) in the event each +nd every the stipu!ations, agreements, conditbns and coven+^ts of sa~d prom7sswy note ~nd thw mortgage any or either ue no1 iuly. prompNy and iully performed, d~schsrged, executed, eifected, completed. complrcd with and abided by, then in e~ther or any iuch ~wm the said a~ gregate sum me+?t'aned in said promisswy note then remaining unpaid, with i~terest atuved, and all moneys secured hereby, shall beco~+e due u?d MY' . ebls forthwith, or thereafta, at the opt~on of said MORTGAGEE, as fvlly and completely as if all of the said wms of mor+ey we~e aigin~lly supulated ro be paid on such day, anything in sa~d promissory ~ote w in this Mortgage to the contrary notwithstanding: and thereupo~ o? thereafter at the option of said MORTGAGEE, without notice or demand, suit at law w in equity, therefore or thereafter begun, may be proxcu~ed +s if all moneys secured hereby had tn~twtd p?w? to its institution. naa,-~ ~zy . tlk~ ~.rgaa,, Qr +p foreclose it. or to reform it, a to enfwce 7. IMT 111 i11Q QVMi tnai ei ina u2yiP~~.iiy `v. :..j .:•r~ --..y - payment of any claims he+evnder, said MORTGAGEE shalt apply to the Coun h+ving jurisdiction the~eof ia the appoi~tmem of a Rcceiver, such Covr1 shall For~hwith appoiM s receiver of said mo?tgaged properly all and singular, inclvd~ng atl and singular the income, profits, iuues and revenues from whatever sourte de?ived, each and every of which, it lx~np expreuly ~nderstood, is htreby mwtgaged as if specifically sef twth ~nd destribed in the 9ranting and habendwn clauses 1?ereof, and such Rcceiver shall have all the b~oad arxl effective func~~ons and powers io anyw~se entrusted by a Court to a Receiver, and •uch sppoiMment shall be made by sirch Court as an admitted eqvity and a matter of absolute rigM to said MORTGAGEE, and without reference to the edequacy w i~adeqwcY of the value of the prope~ty mortgaged w fo the soivency w fnwlvency of uid MORTGAGOR w the defendants, and that such rents, profits, income, iuues snd revenues shall be applied by such Receiver according to the 1'ien a equity of taid MORTGAGEE snd the p?attice of svch CouA. ~ 8. To duly, promptly snd fully pcrform, discharge, execute, effect, complete, comp~y with and abide by each and every the stipulatioru, agreements, conditara and cove~ants in sa~d promissory note and this mortgage set forth. 9. That in the event fhe ownership of the morlgaged premises, w any part thereof, becomes vested in a person other ihan the MORTGAGOR, the y MORTGAGEE, its successon and assigns, may, without notice to the MORTGAOR, deal with such successor o? successor in interest with reference to this i mo~tgsge and the debt he?eby secured in the same manner as with Nbrtgagor without in any way vitiating w dixhargirg the Mortgagers' liability herr S under or upon the debt hereby secured. No sale of the premises hereby mwtgaged and ~o fabesra~te on the parl of the MORTGAGEE or its successws or assigns and no exte~sion of the time iw the paYment of the debt hereby secured g~~ by the MORTGAGEE or its successors or auigns, shall operate io release, discharge, modify chsnge a af(ect the orig~nal liability of the MORiGAGOR herein, either in whole w in parf. 10_ It is specifically agreed that time is of the essence of this contract and that no waiver of any obligaYwn hereunder w of the obligaYan st cured hereby shall at any time thereafter be hetd to be s waiver of the terms hereof a of the irotrurtKnt secured herby. , 11. In add~tion to the forego:ng momhly payments of princ pal and interest required by the p~on+issory note secvred hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payrnent an additional sum estimated by mwlgagee to be equal to 1/12 of the annual cost of the follow- - ing: A-All real property taxes levied w assessed agai~st the a6ove deuribed rea! estate. B-Prem~ums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above described premises. C-Premivms on such mwtgage guaranty insurance as mwtgagee shall from time to time deem fit to carry on the loan secured hereby. ~ Mortgagee shall from time to time notify mortgagor in writing of the imount due and psyable hereunde? and such wm shall tixreupon be due and ~ Fayable on the due date of the next monthly payment and each successive month thereaiter ur.til mutgagee shatl notify mortgagor of a change in s~?ch f amount. Such sums shall be applied by mortgagee toward the payment of real property faxes, insurance prem.urt?s, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto se! his hand and seal ttx day and year 'rst afwesaid. Signed, Sealed and delivered in the presence of: ~ ~ . Mde on ,q ~ ~ n , ezta . erson r~a~ ~ STATE OF FLORIDA ~ 1.11C le ~ COUNTY OF St • ~f«~ ~ ~~i~r a~a~~ Henry Mderson _ ,~a Alberta G. AndeYSOn his wife, to me well known and known to me to be the individ~?als desuibed in and who execvted the fotegoing instrumenf, and ackrawledged befwe me fhat they exetuted 1Fx same fw the purFwses therein exp~eased. And the sa' Alber ta G• ~1~'1 SOII wife of the said Henry ~[Id@YSOn vpon s sepsrete and priwte examinaYan by me taken separate and apart from her said h~sband, atknowled9ed to snd befwe me that she exetuted sa~d instrument frcely end volun- tarily and without any compulian, constraint, appreh ion, or fear of or from`~ ssid F?vsband. WITNE55 my hand and official seal this - dsy of ~^~Lf a 19 74 O~ • Notary Public in ~nd fw t ute of florida at Larye My Commission expires: L Return To: Fint Federsl Savings 3 loan Associatio~ Qj~O~~ r of Fo~t P~erce. f LEO wK COUNtY f~A' Fon Pierce. Fbrida S~. A~6E~ p0~~ ~DURt f RK C~zGU~T ~ ~ i FCORD VEa~~lEO - ~ i` ~1~ ~ ~ R Q - . ~ i This Instrument Prepared By J. H. Roberts . 1 p 38 ~ v• i First Federal Savings b Loan Association ~ : ' ~ - = ~ of Fort Pierce , Florida F' V'~: ~ ` ~ ; ~ ~r~14~ ~ 4 - ~ ~v , 5 , Checked By i O ~ Y ? t ~ ~+r ~ n a u~~~~`~~~` lOOK~~~ PAGE 449 dZ . Y - - ~ - _ _ x - _