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Home My WebLink About1643 . i 3. To pl~c~ ~nd con~inuously keep on ihe bu~'d~ngs ~ow or hereait~r •~tu~~~ on ie~d I~nd and on dl equipm~nl ~~d p~rwnally cov~~eJ by this mwtp- ~ sg~, wi~h ~II pr~miums ~hereon pa~d ~n lull, fire i~~:vrance in ~ka uiuel ~undard polit~ form, in a sum ~pprov~d by tM M4RTGAGEE, and winditwm ~ i~iuranct 1n ~he uiwl tfandard pol~cy fam, in s sum ~pprov~d by the MORTGAGEE, in ~uch canpa~y a canpani~s p?h~ MORTGAGEE may directj ~nd all fir~ and w~nds~orm in~urance poliues on any of ~a~d bu~Id~np~, any inttrtsl tl+~rein or part the~~of, in tM ~pyrey~~t wm ~fa~said or ~ in exce~s thereof. shall con~ain the ui~sl seandard mo.tgaye~ cl~usa a such orF?H clauss ~s 1Fw Mat9~yt~ may r~quin, makinp tM bss ueidN t+~d po1F ciss, cach u~d evay, payabta to said A10RTGAiaEE as rts in~ere~~ may ~ppeu, and each aod e+re~y suth poliq ahall b~ promptly au;pn~d ~nd d~~~v~r~d to ~ny held by s~id MORiGAGEE as funher fcturity to said matflege debt, and, ~ot les~ than len (10) days in ~dv~nc~ o~ 1M ~xp'ualion of each poliq, to da ~ livsr ~o said MORiGAGEE a ~enewal thereoi, ~oge~he~ with a receipt (w the p?emium oi tuch reeewal; and thtr~ sMl1 b~ no fin or winds~am insu~~nc~ placed on ~ny of said build~ngs, any infereit the~e~n w par~ ~hereof, unleu in ~M torm a~d with ~M lou p~y+bl~ a~ afor~said; and in tl+~ ~venf ~ny wm of mon~y become~ payabla under s~,ch policy w pol~ciei said MORTGAGEE ~hall Mve ths option to receive and spply the sam~ o~ ~ccount of ~M Ind~bted- ~ neu secu~ed hereby o~ 1o permit ~aid MORTGAGORS ro receive snd uss it or any part I?~e~eof fa other purposes, w]thout thaeb/ waivinp a unpair- irg any equity, lien o? rght unde~ or by virwe of this morsyaye; e~d i~ the event a+~d MORiGAGORS shall fw any r~ason f~il fo keep the s~~d pr~miiel so insured, or i~il ro del~~er pranptly eny of :a~d pol~ues of ~nsvrance ~o sa~d 1NORTGAGEE, or fail promptly to p~y fully ~ny premivm therelor w in any rsspect feil b pe.iwm, d~scharge, execu~e, etFa~, comptete, comply w~~h and abide by thi• covenant, w any pa~t Mreof, sa~d MORTGAGEE m+y pl+c~ snd paY tw tuch insurants ot any parl thereof without waivi~g w~f(ectin~ any optio~. lien. eqvity, a riyht under w by virtu~ o( thii 1Nort~ap~. ~nd tht full amount of each and every such payment shall be immedia~ety due and payable •nd ahall besr interest irom th~ dals-thereof uotd~paid at tM rat~ ol . nine per cenlum pe~ annum a~x! to~rther with suth in:e+est shall be u~cured by the lien oi this morf~~ye. ~ 1. To permit, commit w suffer ~o waste, impairment w deterioration of said properry p~ny p~rt ther~of. 5. To pay all ~nd ~irgular the costs, charges and expenua, including • reasonabl~ N~orrxy'~ ft~ ~nd cos4 of abstr~cri of titl~, intuntd a p~id ~t eny time by said MOR1GAGfE, betause o~ i~ the event of Ihs (ailure on the parl o! 1he ssid MORTGAGOR to dvly, P.omP?y ~nd fully pKforrq, diKMrg~, exccute, ef(ect, complets, canply w~th and ab:de by each and every the stipulat~ons, ~greements, condition~, and coven+nts of said promisswy ~ot~ a~ thi~ mwtgays a~y o~ eiih~v, and sa~d costs, cha~ges a~d expenses, each and every, shall bs immediately dw and payabt~; whe~Mr w not ther~ b~ notit~ ds mand, attempt to mllect w suit pend~ng; and the full amovnt of each and eYery such payment ihall bea. intereil (ran IM d+te thereof until paid at the rate oF nint pe. centum per a~~~um; and atl said costs, charges and expenses incwred a paid, togNher with such interest, sh~ll b~ secvred br tM lien of this mortpsye. 6_ Thst (a) in the evenl of any b~each oi this Mortgage w default on the pan of the MORTGAGOR, a(b) in the ~venf a~y of y~d surns of monty herein refer~ed. ~o be not promptiy and fully paid within 1h;rty (30) days next aiter the aame severally become d~e +nd payabk, withoul demand or notice, or (c) in tM evenl each and every the s~iputatiau, agrecments, conditions and covenants ot said promiuory not~ ~~d this mwtpapt arty o~ ~itMr are not ~uly, promptly and lully performed, d~xharqed. executed, eifected. completed, complied with and ab~ded by. then in either a any s~rch ~vsnt tM s~id q~ gregate wm menrioned in said p~omisswy note then ren,aining unpaid, with interest accrued, and all moneys secured hereby, sMll become dw and p~y- ab:e forfhwith. or thereafter, a~ the opt~on of sa~d MORTGAGEE, as (ully and compleTely as i! all of the uid sums of monay were ori9inally stiputated te be pa~d on such day, anything in sa.d prom~sswy note or in this Mortgage to the conrrary notwithstanding; and thereupon q thereafter ~t the option of said MORTGAGEE, without nonce o~ demand, svit at law a in equ~ty, the~efore w thereafte~ begun, may be prosecuted as if all moneys aetvred hereby had matured pno? to ~ts institut~on. ~ ~ 7. That in the event that ar ehe beginneng of or ar any time pending any suit upon this Mwtgsge, p to faetlose it, Or 1o refwm it, a to enfotu i oavment nl anv claims hereunder_ said MOQTGAGEE shatl annlv tn tha Coun IIiViM :w~sd:e~:en ~F.ereoi 1e~ ~Iv ~nooint.rr~f nf i Qee~ivs~_ fucl+ Cow~ sAall fo~thwi~h agpo~nt a rrce7~er of sa~d mortgaged properfy all and :ingutar, includ~ng all and singu~ar the income, p~ofits, issues and revenues irom wfiatever wu+ce derived, each aRd every of wh~ch, it being expressty understood, is hereby mortgagcd as i! spec~fically set fwth ~nd dewibed in the graMing and habe+idum ctauses hereof, and svch Recciver shall have all the broad and effective funct~oos and powers in anywise entrusted by ~ Cou~f fo a Receiver, and such appointment shall be made by such Court as an admitted equity and a matte~ of sbsolute right to said MORiGAGEE, snd without reference to the adequacy a inadrquacy of the vaiue of ~he property mwtgaged or to the so.vency a insolvency of sa~d MORiGAGOR or the defendann, and that such ~rnts, profits, income, iuues and revenues shall be apptied by such Receiver accoad~ng to the tien w equity of said MORTGAGEE and the practic~ of wch Coun. 8. To duty, promprty and fully perform, dixharge, execute, effect, complete, complY with ~nd abid~ by tath and ~very Ihe stipulations, ~greements, :onditions'and covensnrs ~n sa~d promissory note and th~s mortpage sct forth. 9. That in ~he event the ownership of the mortgaqed premises, or any part thereof, becomef vested in ~ person other tMn the MORTGAGOR, t!» MORTGAGEE, its succeuors and ass+gns, ~nay, wishou~ nofice to the h10RTGAOR, deal with such succeuor or uxcessor in interesf with re(erence to this mortgage and the deb~ hereby secured in the same ma~ner as w~th ISongagor wi~hout in aoy way vitiating or dixharging the Mortgagors' lisbility here~ under w upon the debt hereby sec~red. IW~ sale of the premises hereby mo~tgaged and no fwbearante on the psrt of ths MORTGAGEE w it~ sutcesson ~ or assigns arx! no extension of the time fw the payment of the debt hereby secured giveo by the MORTGAGEE o~ its s~xtessors p asti9M, si?~II opsrat~ to ~elease, d~xharge, mod~fy change or affect the original liabdity of the MORTGAGOR Mrain, either in wFals or in p~~t. 10. It is specifitatly agreed that time is of the esx~ce of this contratl and that no w~iver of ~ny obligation hereunder or of fhe oblig~tion se- ' cured hereby sM1I at any time thereafter be hald to be s waiver ol the terms hereof or o( the instrurtKnt secured herby. + I1. In add;rion to the fore9o'~ month~y paym~nts of princ'pal and interest required by the promissory note secured hereby, mortgagor covenant~ f and agrees to pay to mortgagee v~ith eath mcr.~hir par~nem an add~~~onal sum e:uneated by mwtgagee to be equal to 1/12 of the annual cosf of the follow- ing: A-All real propert~ taxrs lev~ed or assessed aga~•ist thc above dezcribed real estate. B-Pre~r.~ums on fire and windstorm insurance as nerein reqv~red to be carried on the improvements situate oa the ebove describtd ptemises. ; C-Prem;ums on such mortgage guaranty irtsurance as mwtgagee shatl from time to time deem fit to Wrry pn the ban secured hereby. Mwtgagee she!I from t~me to t~me not~(y morrgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due a~d Fayable on the due date of ih> next monthiy paymem and each successive month thereaher ur,ti! mortgagee shall notify mortgagor of s change in such amount_ Such s~ms sF.a!1 be app!~ed by mor~ga3ee to~f.ard the payment of real property taxes, insurance prem:ums, and morfgage guannfy i~wrance premiums. i IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunlo xt his hand and seal the day and year fir fo~~d. ! f 5i9ned, Se~kd and delivtred in Ihe preser~ce of: ! FILEO~tiC :E~OnDEU I\ E ~ ST IUG.I: ~:JUNTY FLA. . V1 +n E • iiG~.:, : ;?;TRAS . ~ Ct~ ;1 :Ui: COJRT ~ G " aErn:.,•;_.~~ ~ [ ` ~ ver y i Ocj 1 3 Ze PH'75 ° ~ STATE OF FLOR16A { ~ 318520 ~ COUtJTY OF $t . L.IIC 1@ j . i ~ Before me perwnally appeared C. DaVld DeWltt and Reverlv Anne DeWitt h7s w~fe, to me well known and known to me to be ~ the indiridua:s described in and who executed the fwegang instrument, and acknowlcdged befwe me that they executed the sams fw ths purposes lherein exp~essed. And the said RBYE*l~~ Qnne ~{A11.rt ; ~ rv~fe of the said . Dauid De]e[it2 ~Po.~ a sepa.~te and priwt~ ; examination by me taken separate and apart irom her said hvzba~d, acknowledged to snd before me that s1~e executed said inst?ument fieely and voluo- ~ ~erily and w~thout any compulsion, constraint, apprehens:on, or fea.• of ot from her said husband. G ~ WITNE55 my hsnd and offic~al sea! this__~,'~~~_ day of October ~ p 19 75 i s i ~ Notary Public in and for ths t~ of Fbrida ~t Lsrpe ? My Commission expi~es: g Rlturn TO: / e • !0 ~7~ % first federal Savings 3 loan Associat;on g Of Fort P,erce. 3 Fort P~erce, Florida - ~ ~ , ~='~•`r~. ~ i±,~;~ ~ . .~w4~.i+~a.~ J./,, ' ' .-~..~r' . . ~ This Instrument Prepared By Gary F. Ellwood ~ " ~ First Federal Savings & Loan Association ~~+~R 244 1644 ~ ~ \ ~ ' ~ of Fort Pierce, Florida B~~K PACE i~~ ;•~e . g . ; : ~ ~ Checked By ~ b ;'rj = ~ •..,,:.i+'~~4,`,`. ~ ~ , ~ ~ . s h ~ 4 ~ ~ y~ ' ~ ~ ~ ~ ~ . .~~LLr~~~-~.:r. - . _ _