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Home My WebLink About0936 ~ ~ 3. To plxe and con~inuoualy keep on tM bui'.dinys now a hereatter u~ua~s on iaid i~nd ~nd on all equipmem ~nd perwnslly covered by this mwt~ ~ ege, with •11 premivms lhereon pa~d in tull, lire insurance ~M utual smndard po~ity form, in ~ sum nppr«td~~^ ~MuRT ~GE~R GAGEE s'm Y , ` ~nwraoc~ in ~M uswl ~tandard pol~cy form. In • sum •pprovad by th~ MORTGAGEE, in tuch to~nW Y' r y~ ~toresaid or ~ } d~rea; and all fi~e ~nd wiodatorm in~urancs poiKir~ a+ eny of said build~~ys. any inlensl thrreia or part ther~of, in 11+~ agy ~y . ~ +n eacess Ihereof, tMll contain IAe uswl s~andard ma~gagee ciause o~ such o~her claus~ ss th~ Mwtq+qe~ n++y requ~r~. makinp th~ Iws unde~ said pdF c~e~, each and every, payable ro s~id MORiGAGEE a~ ~t• iroe~rsl may appear, and each and evay ivch po~icy sh+~~ be Pta^P~~Y •~i ~n~d a"d d°~"'°~ed to , ar,y held by ssid MORtGAGEE as iwtAe~ security to sa~d matyaye dabt, and. nor less than te~+ l10) day in advance of the eapir~tion of each pol~cy, to da i~~rr to taid MORTGAGEE a renewal thereof, ?ogeth~r with a receipt fa ~he premi~r+ti o( s~ch ~enewal: and ~he?~ ~ha~~ be no f~~e or windstorm insuranc~ placed on s~y o1 aid buildin~s, any interest the~~i~ or put therrof, unle» in the form ~nd with tM lou payable ss afwesaid: and in tht event s~y sum • of money becoms~ paYable under such po~kY w Pollcies taid N10RTGAGEE shail hava ~M opt~on ro receive and ~pp~y tha same o~ +ao~^~ of tM i~dsb~sd- ~ ness setured h2reby er to permit said MORTGAGORS to rK~ive and u3e if a any patl tnrreof 1w ather purpcses, w~~hout lherebr waiving or ~mpair- t ~ng any equity, lian or r:yht unde~ w by virtus o1 this mo::yage; and in the event said MORIGAGORS ~hall for any rtason fail to keep the s+~d premise~ so ~ ~ :r.s;,red, w fail to deGver pranptly ~ny of said po~iues of insurance to sa~d MORiGAGEE, w fait pro~npdy ro pay fulty any premium ~he~efw w ie ~ny respect fail to pe~form, d~scharge, execute, effect, comp~e~s. canD~Y W~~h ~nd abide by th~s covenan~, o~ +~y Pa~1 hareof, said MORTGAGEE may pisce and , f, ~ . f~,. auch inuusac~ ot anY Da~~ thertwf without waiving w afiectiny any opt~on, Iien, equity, or ?ight under a by virtue oi this Mortyags. ~~d ~he s..,... .tr J,...of m~il uaid at tM ~aro oi ~~I amouM ot each snd tve~y sucA paymeM st+an De ~mmeu~e~ary uuc .~..i w~..:.:.. . e per tentum per annvm and to~rthrr with such iNer~st shali ba aetured by the lien of this mottgage• E 4. To permif, commit a suf(er rto waste, impai~rt+z~t a dcteriora:~on ol aaid prape~ty or +ny parl thaeof. ~ S. To pay all ar+d singvlar the costs, chargrs and exExnses, includ~ng a reasonable attwney i fee and coifs oi abstrscts of titl~, incvrred w p+id st an, time by said MORTGAG:E, because w in the event of ~he fa~lure a+ ~he Par~ of the said MORTGAGOR to duly, promptly snd fu~1y perfor~1e~+~ hi ,_:ute, effM, comptete, comply w~th and ab:Je by each and eve?y tha alipu~atrons, agreenr_nts, condilions, and tovenanti of said pronussory ~-.c~rqage any or ei~her, and sa:d costs. charges and expenxs. ~ach and every, shaH be immed'utely dw and payablej whethe~ or no~ the~e be ^e~~ce de' ~.,~•,d, attemp~ to' coilecl w suit pend~ng: +nd tF~e full amount of each and evcry such paynxot sha~I bea. i~terest fran ~he dNa thereof until paid +1 the o~ nine }xr tenium p~r a.~nu:n; a~d all sa:d costs, char~es and capenses mcwred or paid, toyNher w~~h suth iNetest, shall be sKured by the IiM of thif ~ortgage. \ ~ 6. That (a) in the event of any breach of thii Mortgage w default on the pa?t of ~he MORTGAGOR, w(b) i~ tt'° °V able,~without d~mand o? n~otKe, he+ein referred to be not prompHy and iuHy paid within thirly (30/ days ~exf aftm the ume severaNy becom~ due ~nd p+Y or ~c) in the event each snd every the s+ipulahons, agreements, cond~rions and covenants ol sa~d promiuory noro snd th~s mwtg+g~ +~y or eifher ~re not y~ y, promptty and fu11y pe+iormed, d:xharged, exetu~~d, e~fected, cornR~eted• compi~ed with and abided Sy, then in either or any such eve~t Ihe ta~d ag ~•~-gate sum rtxnrioned in said promiasory note then remaining unpa~d, with imcrast accrued, and all moneys setured hereby, ~hall become due and pay- nc e forthwith, w 1FKreafte+, a1 t1x option of said MORTGAGEE, as ~ully and comF:ecety as if all of the wid sums of rtaney were aiginally tlipvl~ted t,r paid o~ such day, anything in sn;d prom~siory note w i~ this Mortgage to the c«+rrary notw~ths?anding; and the~eupa+ or thereafter ~I the opiion of ± s~' MORTGAGEE, w~thaut notice or demand, s~it at law w in equity, therefore w thereaire~ begun, may be prosecuted as if all nwneyt setured heteby _.-1 ,,,,,e1~.d L~r~or IP its instituti0(t. 7, That in the eveM lhat at the beg~o~~~9 of or at any ?ime Fe~ding any su~t upor+ this Mwtgage, w fo foretlose N, w to rciorm it, o? io eniwce c,,.mrnt of any claims hereunder, said MORTGAGEE shall apply to the Court having ~u: ~sd;d~on thereof fot the appo~ntment of a Receiver, such Court ahall ; r~-•~~;ith appo~nt a rece+~e? of sa~d mortgaged p.oparty afl and singu!er, inctvd~~~g atl and s~ngular the income, p~oflts, issues and rer~nues from whatever ~ e derived, each and evtry oF wh:th, ~t being expressly unde:stood, is F:ereby mortgaged as if ~pecifitally sef forth and desu~bed ~n 1he 9~a^ting and ~ i;'~endum ciauses hereof, and such Receiver shall haie all the broad and ei`ect~ve func!•ons and powers in anywise eMrusted by ~ Court 1o s Receiver, and s_:h appoimment shall be made by such Court as an admitted equity and a rnatter of absoiute right ~o said MORTGAGEf, and witlw~:1 referente fo th~ _..;c,}uacy or inadeqvacy o1 the value oi the properry mor~geged or to the so;vency or u,su:vency of said MORiGAGOR w the defendants, and Ihat such r:~ :!s, profits, incwne. issves and rovenues shall be appGed by such Rcce~ver acccrd~:tig to the I~en or equity of said MORTGAGEE and the prat~ice of suth :CJ(I. - 8. To du:y, promptly snd fully perform, discharge, execute, effecs, comp~e~e, tomply with and abide by each and every ths stipulations, sgreeme~ls. .•.;nan;ons and covenants in sa~d prom+ssory note and this mortgage srt fwth. 4. 7hat "sn the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than fhe MORTGAGOR, the ~^RTGAGEE, i~s successors and as~~gns, may, wiahovt notice to ~he MORTGNOR, deal• w~th such successw w svccessor in i~teresl with refe~ence to this ~~igage and the debt hereby secured in the same marner as w+th Mortgaqor w~thoul in any way wtw~~n9 0? d~scha~9'^9 ~he N~tpagors' liability he~r ! ';?.~r w upon the debt hereby secured. No sale of the premhes hereby mortgaged and no forbearance on ~he part oi the MORiGAGEE w its successon ~ i a55tCJn5 and no extension of the time ior the paymeM of the deb~ herrby securcd ~given by the MORTGAGEE or its sutteuors or +ssigns. sh+~~ operate # re•ease, d~scharye, mal~fy ch~nge w aEiect the o~iyuw0 liau~;~~y o; she :A^RTGAGOR herein, either in whole or ln pu1. ~ 10. It is specifica(ly agreed that I~me is of the essence of this co~tract and that r+o waiver of any ob~~gslion hereunder w of fha obl'~geYan st c.:~ed h.-.reby shatl at any time therrafter kse held ro be s waiver of the terms he~eof or of the instrument secured herby. 11. tn add;t~o~ to the forego'~~g mw~thly paymsnts of pri»c'pal and interest regu~red by the promissory note secured hereby, mortgagor covenants •~d zgrees to pay w mo*tg~gee with each monthly payrnem an add~rional sum est~nzatrd by rtwrtgagee to be equai to 1; 12 of the annual cost of the follow- A-r~!1 rea~ propertY ~axes levied w assessed against thc above descrf5ed real estate. i B-P~~~:~u:r.s on f~re and w~ndstorm insuracce as he~ein r.~qu:red to be carried on the improvements situate on the above deuribed premises. ~ C-Pren+ums on such mortgage guar,nty ir.wranee as rr.o:tgagee shalf from tme to sime deem fit to carry on the loan secured hereby. ; b1o~Tga~ee sha[~ f.om nme to time noiffr mortgagor ~n vv~iung of the a~ount due and payabte hereunder and such sum sRall thereupon be due snd ~ .,.b'e on ~he due dafe of the next montnly paymem and each success~ve monih thereafte~ unti~ mortgagee shall notify mo+tgagor of a change in such ~n*. Such sums shaiFbe apptled by mortgagee toward the payment of real p~operty taxes, iruurance prem~ums, and mwtgage guaranty insurarxe ~ . . ~,~:~ms. ~ : IN WITNESS VVNEREOF, the said MORTGAGOR has hereun~o xt his har.d and seal the day and year first aforessid. i ~ ` i Signed, Sealed and delivered in the presence of: (Sea~ _ _ ~ a r . on roe ~ , o - n ne . onroe ~a~ ~":~:E OF fLQRIDA I s r ss- ~ .:..;v?Y OP St t ucie ~ Before me personafly appeared Ficha rd D. MOi1 i0@ s~d j J ea nn in e til on roe his wife, to me well known and known to me to be ~ e ~rxl~viduals dexr~bed in and wfio executed tF~e fwegoing instrument, and acknowledged before me tF~at theY executed the same for the purposes ~ ~•e;n expressed_ And the said .IQaflTllri@ ~IOTIrOe te of the uid RiChard D. HOt1ZOe _ upon s separate u~d ptiv~te -~~~~nat~o~ by me taken separate and apart from her said husband, acknowledged to and before me that she executed sa~d instrumeM frcely and volun- ~:y ar.d wlthout any compulsion, constraint, apprehension, or fear of or from fier said husband. WITNESS my hand and offic;al sea! th~s-_ 23Td day f Jul ~ A. D. 19 74 . • Notsry Publ'~c in and ~or the State (orid~ ~t ~iu~ tt~ ~ My Cortuniuion expires: ~ ~ta:3.f t ~'f~~ ~ Return To: ~ ~ 1 ' I ~ F;rst Federal Savings 3 loan Associat~on , ~ ~ ~ 'S' ~ Of Forr P~e~ce. ~ ~ ' r~~'' - s fliEp ~y=! °•~C~KOEO ~ • Port Pierce. Flo~~da Sj.IUCiC .JL'NiY FIA. i . PG.. ~ ~ i 1AS ? ~ • .~~~~f , ~ 1~ ~ CIEK~• ~ ~.~:tt CGURT ~i ! F~~'•.,~ _ pcrra~ _ =1F~ .~•y. _ ~ ~ ~ ~ ' i 17 ~t' •t . This Instrument Prepared By Robert A. 9wisher, Jr '~'iZ`0!-,' j , •pY - s~ ; ; ` " Ju~ ~0 3 c?~ PM'fi'~ - F~rst Federal Savings ~ Loan Association ; ~ N~j~'s!fita ! h of Fort Pierce Florida? 33450 ~''r'=~~ ~~~~d/j~r ~'!~•'r , . ry~ Checked By~ ~88~99 _ ~~;,:,tl~ ic~•~.,, : ~ . ~ f~. .r .4~ ~ ~ : ~ R P~ ~~,~11~ ~ ; aooK230 9~ ~ ~ r..~;~.~.~ . _ ~ ; - ~ ~ ~ ~ .