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Home My WebLink About1360 3. To place and con~inuou~ly keep on ths bui!d~ny now w hereafter situete a+ said land and on all equiprt~eM and person~lly co~ered by this matg~ sg~. wiih all premiumi lhercon pa~d in tull, (ire insur~nce in ths u~ual sundard policY fwm. in ~ tum approved by the MORiGAGEE. ar~d w~ndsrorm insuranc~ in ~hs usual uandard pol~cy lorm, I~ ~ sum approved by tAe MORTGAGEE, in si?ch companY w ca^Fanies as ~ha MORTGAGEE may dited; snd ~II fire and wii?Jstorm iotu~ance policies on ~~y o( ~aid buildinps. any inte~est therein w part thereol, in the aygreyatt s~m afwesaid or in ~xctss thereof, tMll comain ths usual slanda~d matpa~e~ clause w tuch oiha cl+~~s +s tM Mwtgagts may requir~, makir?p ths Ioss undrr sa~d po~~ cie~, each ~nd eve~y, payable ro u~d MORTGAGEE as i~s in~erest may appear, +nd each and eve?y ~~ch po1~cY shall be promP~lY ais.gncd and deiivered ~o _ ~ •ny held by aid MORiGAGEE at further ucurity to said mo+ty~ge debl, ~nd, not less ~Mn ~en l10) day~ in advsnce of the eaD'u~tion oi a~ch pol~cy, to da live~ lo ssid MORTGAGEE a rsnewal thereof, IoqethK wi~h a rece~pt fw ths p~em3wn oi iuch renewat; and ~ix~a shall b~ no f~re u w~ndstoim insuranc~ plsted on ~ny of said buitdingi. ~ny inter~it thK~in o~ part thercof. unless 1~ tFr form ~nd with tM loss p~yable ~s afwssaid: and in tM event any sum of money becomes payable unde~ such policy o~ policies uid MORTGAGEE shall h~w the option to receive and apply ths san+e on +ae++^~ ui 1he indab~ed~ • ness secured hereby w ro permit eaid MORTGAGORS to receive aod us~ it o~ any part thereof for other purposes, wi~hout thcreo~ wai~in~ o~ ~~nNa~~- ing any eQ~ity, lien u righl unda or by virtw of this mat9aqs; and in the event iaid MORTGAGORS sha~l fa any ~eawn fail to keep ~he sa~d P~emises w . insured, w fait ro delivar promptly any of said pcilicies of inturance to said /Y~ORTGAGEE, w fail promptly to pay fu?ly sny p~emium theretw or in sny ` reipect fail to pafwm, d~uMrge, execut~, effect, complete: comply with and +b~ by this covenant, or any part he.eof, said MORTGAGEE may place and peY for suth insurancs w a~y part the~eoF without waivin~ a ~ffetti~y any option. li~n, equity, or right under w by viNw of this Mortgage. u+d ~he ( full amount of each ~nd every such payment shall bs irm~ediately dw a~d pay+ble snd shall bear i~teretl from the date thereof un~il paid ~t tM rate ol c nine pe~ centum per annum and togrther with such interes~ shsll be secured by tM lien o( this matg+gs. 1. To ptrmH, commit w sufter no waste, impairment d dNaiwation of said _property w any paH thereof. ' 3. To psy all and iingular the cosb, charges and expenses, inciuding s reasonsble attwney a fee and costs of abstrods of title, incurred w pa~d at : any time by said MOStTGAGEE, because or in the event oi the failure on the pa~t of the said MORTGAGOR to duly, promptty and fully perfwm, diuharge, j execute, effect, complete, comply with and abide by esch and every the stipulaiions, agreements, conditions.~+nd mv~nants of said promissory note ar~d this mortga~e any w either. and saed coab. charges and expenses. exh and every. shall be immediatety dw and psyable: whether or not there be notice d~ me~d, attempt to colkcl w wit pending: and the full art~o~nt of each and erery such paymeM shall bear inferest from tFw date thereof uMil paid at the ! r.~te oi ~ine per centum per an~~um; arn! atl said costt, tharges znd expenus incurred or pa~d, Iogether w+th such i~terest, shall be setured by the lien oi this mwtgage. 6. That (a) in the ewnt of any bteach of this Mortgsge or defsuh on the part of ~he MORTGAGOR, a(b) in the event ~ny of satd sums of mo~ey herein ~eferred to Ix not promptly snd fully paid within thirty (30) days next afrer the san+e severally become dve and parable. without demsnd or notice, or {c) in the event each and every the stiputations, agreements, conditio~s and covenants of sa~d promissory note and th~s matgage a~y or either are not iuly, promptly and futly performed, d~xharged, executed, effected, completed, complied with snd abided 'ay, then in e~ther w any such evcM the ssid ag- gregate sum memioned in said promisswy note theo remaining u~pa~d, with imerest accrued, end all moneys secured hereby, shall becwne due snd pay- able fwthwith, w thereafter, at the opt3on o( said MORiGAGEE, as fully and completely ss if sl! of the said sums of money were wg~nally st~pulated ; to be pa~d on such day, anything in seid prom~ssory note or in this Mortgage to Ihe con?rary notwithstsnding; and thereupon o? thereafte~ a~ the op~~on of ; sa~d MORTGAGEE, without nouce or demand, suit at law or in equity, the~efwe a thereafter beguo, may be proxcuted a~ if all moneys secured hereby ~ nad matured {x~or to ih iratitWion. ' 7. That in the event that at the beginning of a at any fime pending any su~t upon this Mwtgage, or M fweclou it, w to reform it, or to enforce ~ paymen~ of any claims he~eunder, aaid MORTGAGEE shall apply to the Covh having jurisdKtion thereof (or the appointment of a Receiver, wch Court shall Forthwith appoint a recciver of said mortgaged property all and singular, includ~ng ail and singular the incwne, profils, issues and revenues trom whatever ~ source derived, each and every of wh~ch, it being expressly unde~stood, is hereby mo?tga9ed as if specifically set for~h ard dew~bed in the g~a~ting snd ~ habendum clauses hereof, and suth Receiver shall have all the broad and effective funct~ons and powers i~ anywise e~trusted~~Lnut.tla a Receiver, and such appointmcnt shall be made by such Court as an admitted equify and a mattcr of absolute r'ght to said MORTGAGEE, and wifhout re(erence to the ndequacy a inadeq~acy oi the value of tF+e property mortgaged or to the sotve~cy or insolvency of said MORTGAGOR or the defendants, and that such rems, p~o(its, irrcane, issues and revenues shall be appi~ed by suc(~ Receiver accord~ng to the lien or equity of wid MORTGAGEE and the pradice of such ~ CouA. 8. To duty, promptly and fuily perfwm, discharge, execute, effect, complete, comply "with and abide by esch and every the itipulations, agrcements, condit'aru and covenants in sa~d p?omissory note and this mwtgage set forth. _ 9.~at in the eveM the ownenhip of the mortgnged premises, a any part thereof, becomes vested in a person other thsn the MORiGAGOR, the htiORTGA EE, its successors and assig~s, may, withovt notice to the MORTGAOR, deal with such successor or successor in interest with reference to thia n:ortgage and the debf hereby secured in the same msnner as with Mortgagor without in sny way vitiating w d~scharging the Mwtgago?s' liability hert under or upon the debt hereby secured. No sale of the premises hereby mwtgaged and no forbearante on 1hs pa?t of the MORTGAGEE or its succeuors o+ ass~gns artd no extension of the time far the paymem of the debt hereby secured given by tFK N~ORTGAGEE or its succeuors or assigns, shall operate ~ ro release, d~scharge, mod~fy change w affect the orginai liab~lity of tFx MORTGAGOR herein, either in whole or in part. 10. It is spec~fically agreed tfiat time is of the euence of this contract and that no waiver of sny oblgat~on fiereunder w of the obligaYan sr cured hereby shall at any time +hereaftcr be held to be a waiver of the terms hereof or of the instrument secured herby. I1. In add~tio~ to the fwego"ng monthly payments of print~pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each m~nthly payment an addi~ional sum estimated by mortgsgee to be eq~al to 1/12 of the anrwal cost of the fotlow- ing: A-All real properry taxes levied w assessed agai~st the above described real estate. 'i B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above dascribed premises. i j C-Premiums on such morigage guaranty insurancc as mortgagee shall from time to time deem fit ro carry on the losn tecur hereby. ~ Mwtgagee shatl from t~me to time nor~iy mortgagor in writing of the amount due and payable hereunder and such sum sF»II thereupon be due and i payable on the due date of the next monthly paymeM and each successive month thereafter ur.til mortgsgee shall notify mortgagor of a change iw such ( a~,:ount. Such sums shatl be applied by mwtgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance ~ premiums. ~ IN WITNE55 WHEREOF, the said MOR7GAGOR has hereunto set his hand and seal the day and year first aforesaid. Sig~ed, Sealed and delivered in the prexnce of: ~ STLLUCIE COUNTY F.LA- ~ ` (c•a~ _ ROG~fl FJ?TRi~S ~ aq CIERK C:~~U1T COURT ~L.yu,~, ~aq % REf,OF.~1 Y~ P.~'sE0 ~ al) STATE Of FLORIDA ~IfI ~ I ~O OO ~~'T~ couNn oF ~t Li.c-i p ~ ~ ~~'i~~4 Befwe me personally appea~ed IROII H. Hall and leenia Hall his wife, to me well known and known to me to be the individvals dexr+bed in and who executed the forcgoing instrument, and ecknowledged befwe me that they executed the same fa tFx purposes rherein expressed. And the sa~ Aleenia ~1~. wife of the said Leon ~I ~lll - upo~ s separate and private examination by me taken separate and spaA (rom her seid husband, atknowtedged to and before me that she executed said insirument freely and volurt- rarily and without sny compulsion, constraint, apprehensiQt~9r fear of a from her said husband. . WITNE55 my hand and official seal this ~~f~~ day of A. D. 19~~ ~ - . ; t ~ -Notary Public in nd for State of Fbrida at.L11q~, My Commiu"an expires: • •ti ~ 't'; Return To: ` l ~ First Federal Savings 3 loan Associat~on NOTARY PUBUC. S1AtE ot FIA~~~ ~t ~~E' % - ; O f For t P~er c e. ?1Y COM~f~IiSS{Oi~ EXPIRF~3 lAli~~7.=~9~ ~ Fort Pierce, Florida ~ ~ ? 4~ = + _ r _ ~ - < ~ J : ~ Q+ ~ ~ ~ ~ This Instrument Prepared By RiChard K. ICa?yeS r-•-"' ' s' _ ~ First Federal Savings & Loan Association k~•~ ',E of Fort Pierce ~ Florid8? ,','~l s k ~ Checked By ~ > ~ . 1~8 P~,E~.357 . ~ c.• . _ : - ~ ~ ' a~.~;~ ~ , _ . „ - ~ ~ ~ , _ _ _ ~ . _ _