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Home My WebLink About2086 9. To plac~ •nd continuously k~ep o~ the b~i!dinps eww a her~~fte~ utwq on iaid land and on ~II equipment ~nd ptrsonally covered by thi~ mor~¢ p~, with ~II prtmivms IhKeon p+id in full, fire insv~ancs in Ihe ueual ~tandard policy iorm, in a sum appr~ ~d~~^MsMOR~,~C' MOR GAG E~tmay ir.~urux~ in tM ueual i~andard polity fam, in • wm approv~d by th~ MORTGAGEE, in ~uch ea^P+^Y r at~ sum afatu~d or diretfJ and aU fin ~nd wi~dstorm inswa~u PolkKS o~ +~y of ~~id bu~id~nyf. any int~rql thwe+n or parl Iheraof, in tFN ~9g r8 In ~xcsss IMrwf, ~all conai~ 1Fw uwal sund~~d mp~~a~H tlauw a such oiha clw~ as ~M Ma~9+~~ '^~y rpuu~. ^wkiop Ihe !ou unda sa~d po~i~ ~ cia, each and ~v~ry. p~YaW~ to iaid MORTGAGEE as its imarest maY +pp~+~. +nd each aod every toch po?icy iMil b~ promptly ass.yn~d and detivered to ~ny held by said MORTGAGEE as iurlMt ~aurity lo said mort~+9~ d~b~. +^d• nw ~~s~ ~M^ ~M (10) d~ys ie advance of tM expiration of each policy, to da livsr lo said MORTGAGEE • r~newal thereof, toy~~Mr wilh a reteipt for 1he premium of tuth renewalj and ther• shall be no fire or windsto~m insurant~ plattd on ~ny of said buildingf, any interat therein ot p+rf lhereoi, unieu in tM form ~nd with IM lou paYable a~ aia~sa~d: and in Iht eveM any twn of mon~y becoma payabte under such policy or policies said MORTGAGEE ihall Mve ths option to ~eceive and apply the s+me o~ accovnt o( tM indebted- nesa iecurad hereby w ro pe~mit said MORTGAGORS lo rtceivs aod us~ it p a~y p+~~ ~hereof for other purposes, wi~hout ~harcu/ waiving or ~mpa~~- iry a~y puiy, lien or rtght u~ w by virtue o1 this mortqaye; and in tl+~ evem uid MORTGAGORS shall for any reason i~il to keep the said p~em~ie~ w ~ iosvred, o? fail fo deliver pranptly +ny of seid polities o( insuruKe to said MORTGAGEE, u fail promplly to pay fully ~ny {uemium tFxrefor a io a~y respact fail to perfwm, d~xha~ge, ezecute, eftect, complete, comply with and +bide by this covenant. w+^Y Wr~ hereof, said MORTGAGEE may p1~ce +nd , paY (a such inst~rsnce w any put thoreof without waivinp ot •ff~dinp ~ny opYron, lien, equity. w ripht under a by virtw of this Malya~e. a~d the full amount of each and eve~y such paymenf shall be immedi~tely dw and pay~bk ~nd sMl~ Eear intereft from ths date thereof uroil paid ~t tM rat~ oi nine per tentum pa snnum and to~ethtr wilh such interest thall be secured by tM lien of this mott~sye. 1. To permit, commit or suf(ar no was% imp~irmeM o~ detcrioration of said p?opsrty a any p~rt thereof. S. To p+y all ~nd siegulK the cwts. char9es and e:penses. incl~dinp • reaso~able attorney i fee +nd costs of abstracts of titls. incurred a psid +t any time by said MOR1GAGfE, bscause a in the event of tM failure on tM part of IM said MORTGAGOR to duly, promplly ~nd futlY per(wm, d'xh+rge, execute, effect, comptc~s. comply wi~h and ab;de by each and every the ~tipula~iau. sqreements. cwiditia+s. +^d covena~n of said promiswry note +nd ~hi~ mort9age any a ei~her, and said costs, cMrges +nd expenses, each and every, sMll be immediately dw snd paYsbte: whether or not the~e b~ norice da mand. attempt ro colletl a suit peodirg; and the fvll amount of eacfi and every wch PaYmcnt shall bea~ interesl irom ~he date thereof until p+id ~t the ra~e of nine per cenwm {x~ aruium; and all said costs, char~es and expenses incurred or paid. topether w~th such interes4 sMll bt secured by tha 1'~en of tha morty~yt. 6. That (s) in the ewnt of any breach of this Mortgag~ w default on the pa?t of the MORTGAGOR, w(b) in the evc^t ~ny of said swns of money herein refe~red ro be not promptly uxl fuQy paid within th~rty (30) days next aite+ the same severalty bccane dve and payable. witla~t demu+d or rwtite. or (c) in the event each and every tM stipvtstions, +greem~~b. cond~tions and mvenants of ss~d promissory r+ote and th~s mortyage a++y a ei~her are not iuly. prompNy and fully pe?iwmed. dixharged. executed. effeded, completed. complied with and abided ~y. then in ei~her or a~y s~ch event the said a¢ greg~te wm menYaned in said promisswy note then remaininy unpaid. with interest atcrued, and a:l mone/s setured hereby, shall become due and pay~ able futhwith, a ther~after, at tF+e option of said MORTGAGEE, as fully and comPle~ely as if all of the w~d sums of mo~?ey were origir++~ly stipulated to be pa~d on such day, anythinp in sa~d prom~sswy note w in this Mortgage to the contra?y notwithstanding; and therevpoe~ o~ thereafta at the opt~on of sa~d MORTGAGEE, withovi notice w demand, suit ai taw w in equily, tF?erefwe w thererifcr beguri, may t~e txoucuted u if all moneys setured hereby t had mafured {N~or to its imtilulion• ~ 7. That in the evcnt that at the beginning of or at any time pending a~y suit vpon this Mortgage, w ro foreclose w to refum it, w ro enforce t payment of any claims hercunder, said MORTGAGEE ahall apply to the Court having jurisdictio~ thereo( for the appo~ntment of s Receiver, such Cou~1 shall Forthwith appoint a receiver of said mo?tgaged propertY all and singvlar, inclvd~ng all and singulsr the income. p~ofits, iuues and reveaues from whatever source derived. eath and every of which, it being expressty understood, is F+ereby mortqaged as if spetititally set fwth ~nd dewibed i~ the granting ~nd habendum clavus hereof, and such Receiver shall have all the broad and eifed~ve fund~ons and powers in snywise entrusted by a Cov~t to ~ Receiver, and fuch appointment shall be made by such Court as an admitted equity and a ma~tet of absolute right to said MORTGAGEE, and wilhout reference to fhe adequscy or inadequacy oi the vslue of the prop~r?y ~nortgaged or to the sowency a 7nsolvency oi said MORTGAGOR a the defendanb, and ~haf such renrs, profin, income, issues ~nd revcnues shall be applied by such Reteiver accwding to the lien or equily ot said MORTGAGEE snd the practice of such Court. 8. To duly, promptly and futly pe~fq~m, discharge, execu~e, e(fect, comp~ete, tomp!y witfi and a5~de by each ar?d every the stipulations, agreemeMS• conditions and covenants in w~d prom~ssory note and th~s mo~tgsge ut fath. 9. ihat in the eveM the owncnhip of the mortgaged premises. w any part lhereof, becanes vested in a person other fhan the MORTGAGOR, 1he MORTGAGEE, its succeuws and aasigns, may, w~thout no~ice to the MORTGAOR, deal with such successw o? successor in interest with reference to this mortgsge and the debt hereby setured in the san?e nwnner as with Mortgagor without in any way vitiating o~ dixharging Ihe Mortgagors' (isbility here- under or upon lhe debt hereby secured_ No sale of the premises F~ereby mortgaged ~nd no fwbearante on the part of the MORTGAGEE w its succeuors or assgns and no extension of the time fa the payment of the debt hereby secured g~reo by the MORTGAGEE w its successors w auigns, shall operate to releax, d~scharge, modify change w aftett the wiginal liaoil~ty of the MORTGAGOR herein, either in whole or fn Pa?1• 10. It is specificatly ag.eed thst time is of the esscnce of ~his comrad and that no waiver of any otrligauon hereunder w oi ine oi,~iy:~M~ w . cured hereby shall at any time thereaher be held 1o be s waiver of the tcrms 'hereof w of the instrumeM sec~red herby. `~1~~~~~r 11. In addition to the faego:ng morohly payments of princ'pal aod interest required by the prom~ssory ~o~e secured hereby, rrlottqapo~. j~s and agrees to pay to mort~agee wi~h each monthly payrnent an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annval. ~os1~,~~~~~~~i~~ +~-=-4•~ _ , ~ ' 4y~E~ - ing: • . : •\~~i " ' d • • J A-All real property taxes kvied w sssessc•d against the above desaibed real estate_ _ ; B-Prem~ums on tire and windstorm insurance as herein requ~red to be carried on the improveme~ts sit~ate on the above ~st~jb,e~'pN4~• C-Premiums on such mwfgage guaranty inwrar~ce as mortgagee shail from time to time deem fit to carry on 1he ban s~ r~ l:l~/~t- J~ CL~= i Mortgagee shail from time to time ootify mortgagor in writing of the amount due and payable hereunder and such sum s~jal~l~Q ~be d E Fayabfe the due date of the ~+ext monthiy payment and each successive month thereafter ur.til mortgsgee shall notify mortg~8r ~6,. a~rount. 5 sums shall be applied by mo?tgagee toward the payn+ent of real property taxes, insurance p~em:ums, and mott,~t= ~W _ premiums. ~ ~ ''..rr,. . I ITNE55 WHfRE t i ~fGAGOR has eumo set his hand and seal the day and y first aforesaid. _.~J~`1~ S• . I11C• liv ' esence of' " _ . ~ N:~ ~(,Cd!t0E0 • ~ 4 - ~~ti~ .;~~atr fL~. . an s en n A Ct.~ ..,.~SR~S , , ,3~~ -;,ou~T ~ Attest : _ ness - f«rc•: ~ir:, :!EJ • ~a?..s.,......s.. rs~,0 - ~ . _ - - - - - - - _ _ j~at I~ - 9~wa I~ 2,g~618 - STATE OF FLORIDA COUNTY OF ~ P~ BEACA I HEREBY CERTIFY, That on this day of ~~h , A.D. 19 74 , Thomas P. Monahan and Fred rick R. Bauman before me personally appeared - respectively President and - Secretary~T~'~'88u2+er _ , of _ S. S. P.~ INC . a F10l1da Corporation, to me known to°be the persons described in and who executed the ~ foregoing•i+~tt~~, arid_severally acknowledged the exe- : J ~i, -~,6..r' t . cution thereof to be their free act and deed as such officers for t ,ed; ,,~~~i.n mentio: ed; and that they t ~ ~ . ~ . . : ~r~ . affixed thereto the official seal of said corporation, and the s d~.~~1 ~f ~s tf~e~t a~tt~deed of said corporation. _ tr.~ ~ , . i -a : WITNESS my hand and official seal at~wa aol! c, state ~ This instrument prepare d by " ~ ' ~ = ~ . r., : . ~ ~ . +~.~h ~ ~ ~ irst•Federal Savings and Loan Notary P~ibltt~ i~i.~ .~3tate a County aforesaid. • My Commiss{~k ~xpires"s ,}1 # ~ssociation of Fort Pierce, Florida pM9 ~,~'1 Checked By eacE2Q84 E ~ y, ~ ,,L . ~ - _ ':"•fa'£i•'* ~~:~~,~zG i;:>i- . ~ ~z s . _ - .~s @e ~ '.1" - " x',.:': _ . s:. _ - _ _