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Home My WebLink About0923 9. To pl~c~ and coroinuously keep on tM bv~!d~npf naw or Mrrafter fitwh on sa~d I~nd and on aU ~quipment ~nd ptrwnally towr~d by Ihii mat~ p~. w~th ~q prem~um~ tha~eon pa.d (u11, f~re insur~nce m ~he uswi awnd~rd poi~cy form, ia • ium aPwoY.d by ths MORlGAGEE, a~d w~mi~to.m insuranc~ in tM uiual ~?andard pol=cy fam, in a s~m ap~ov~d by ~M MORTGAGEE. H~ ~uch company a canpaniy ai tl+~ MORiGAGEE may d~redj and ali fir~ and wlndstorm inwrance poGuei oo •ny oi taid b~ild~npi. ~ny imer~~~ U+Neie or pa~t tM~wi, in th~ ~pg~spae ~vm ~fae~aid a 1~ ~~c~ts ~hereo~~ shall con~a~n ~he ~sval iu~dard ~norrgay~~ cl~us~ a uich o~M~ claui~ as tM Mor~pagN may rpv:r~, makirp ~M Iou und~r sa~d poli~ cia~, each ~nd ev~ry, payabie r.~ ~aid MORTGAGEE es ~rs inieres~ m•y appeer, ~nd eacA and ~very t~ch poluy ~hall be promptty ~u.9nsd ~nd dttiv~~ed ~o eny held by iaid MORiGAGEE as (ur~her securi~y to ~a~d moripaga debr, and, not Isu ~Mn ten (10? d~ys io adranc~ of tM eapir~tion of each polKy, fo dr liver to said MORTGAGEE a ranewal ~he?eaf, toqether with a rece~p~ fw Ihe p~emium of tuch r~newa~t and IMre sMll bs ro f~r~ or winds~arm inwra~ct pl~ced on any of sa~d build~ngs, •ny interest therein a psrt rhoreof, unfess in the form ~nd with th~ loss payabte +s slwesaid; u+d i~ 1M •venf a~y tum of mon~y becomes peyable ur~de~ such poticy or pol~cies ieid MORTGAGEE sha?I have ~he opt~on to receire and appty ~h~ sar+a on accoun~ o( ths indebted neu secured hereby w to perm~t iaid MORTGAGORS to rcceiw and uw it p•ny pa~~ the+eof fw other purposes, withoul th~rto~ waiv~ng a~mpaia inp any equ~ry, lic~ or r~gh~ under or by virtue of this mo::gaae; and in ~he event sa~d MORTGAGORS ~hal) ta a~y rea~qr?.fai) to ketp the t~id p~emiits to iniured, a fail del~ver prompfly any of iaid pol~c;es of iniurance to sald MORTGAGEE, a fa~i promprly to pay fully any prernium therafor or in any ?espect fail to pe.torm, d~scharge, execuro, effed, complere, comp~y with and abide by thi~ covensM, a any part hereof, ~aid MORTGAGEE m~y place a~d pay ?w such insurance or ~ny part thercof w•ifhovt waiving a af(ectir~y ~ny option, lien, equity, or righl unda a by virtue ol thit Matgape, +nd the ~ full amovnt of each and every such peyment ihall be immediately dus and payable and ihall bear interest irom the dat~ thereoF un~il paid at Ihe ra~e ol ' nine per centum per annum and to~ether with such inrerest ~hali be secured by the lien of thit mwtqa9e. 4. To pe~mit, commit o? sufFer no waafe, impairment a detcrioration of said property or any paA the~aof. 5. To pay aIl and sinyula. the cosu, cMrges and expenses, including ~ reason~ble attorney i fee snd witt of abstractt of title, incuned o~ paid sl eny time by ie~d MORIGAGEE, txcavse w in the svent of the failure on the part of ths ssid MORTGAGOR ro duly, promptly ~nd fully pe~form, d~uMr~. execute, effea, comptste, comply w~th and ab;de by each and every the sNpulat~ons, agreements, conditiau, and covenann of said promiswry note and th~i mwtgage any or e~~her, and sa~d costs, che~ges and e:penus, each and every, sMll be immediately due and payable; whe~he~ w not thsr~ be notice ds mand, attcmpl to coliect or suit pend~ng; and the (ull amount of eath and every such payment thall bea~ interest (rom Ihe date thercot'unril p~id at fhe rate of nine per centum ~r annum; and all aaid costs, charges and expen~es incurred w paid, togethe~ w~rh iuch interest, aMll be t~tured by tM lien o( thu mwt9age. 6. That (s) in the event of any breach of fhis Mwtgage w default on the part of thc MORTGAGOR, a(b) in the event ~ny of sa~d sums of moMy herein referred to be not promptly and fully paid within ~h~rty (30) dsys next after the same sevNally become due snd payable, withoul demar.d w notice. or (c) in ~he event each and eve~y the ttiputa~~ons, agreements, cond~t~ons and coven~nts of said promiesory note snd th~s mortgape any p eithsr ~re not iuly, promptly and iully performed, d~scharged, executad, effected, compkted, <omplied wi~h and ab~ded by, thtn i~ "s~ther w any iuch ~vent 1M uid p~ gregate sum menranecl in said pron,isswy ~ote the~ remaining unpaid, with interest accrued, and aIl moneys secured hereby, ihall become du~ and pay- able forthwith, « thereafter, a? the optlon of sa~d MORTGAGEE, as (ully and complete~y as if sll of rhe said sums o; money were o~iginally sr~pulated to be pa~d on such day, anything in sa:d prom~ssory note or in this Mortgage to the contrary notwithstanding; snd ~hc~eupon a thereafter at the op~ion of said MORTGAGEE, w~thout notite or demand, suit at ~aw or in equity, therefore w thereafter begun, may be proxcuttd as if ~II monayt sacured hereby had matvred pr~O~ fo its institution. 7. That in the event that at ~he beginn~ng of or at any time pend~ng any au~t upon this Mo~tgage, a to foreclose it, or to reform it, or to enforce payment of any claims Aereunder, said MORTGAGEE shall apply to the Court having jur~sdiction thereof fw the appointment of a Receiver, such Cxr~t shall Forthwith appoint a receiver of aaid mortgaged property all and singulsr, inciud~ng all and singular the income; p~ofits, iss~es ~~d revenves (rom whatever source derived, each a~d every of wh~ch, it being eapressly understood, is hereby mortgaged u if ~peufic~lly set f«th and dewibed in the granting a~d habendum clauses hereof, and such Receive: shatl have all the broad and effectrve furtU~om and powera in anyw~se antrusttd by a Co~rt to a Receiver, and wch appointment shall be made by such Court aa an admitted eqvity and a matte? of absolute right to said lNORTGAGEE, ~nd without re~erence fo the edequacy a inedequacy of the value of the property mortgaged or to the soivrnty or insolvency of said MORiGAGOR w the defe~dantf, and that such rents, profits, income, issues and revenues shall be applied by such Receiver according to the lian or equity of said MORTGAGEE and the pnuice of such Court. B. To duly, p~omptly and fully perform, d~scharge, execute, effect, compiete, comply w~ih snd abide by each ~~d every the ftiputations, agrcemrnts, conditions and covenanis ~n sa~d promissory note and this mortgage sei forth. 9. That in the eveM the ow~enhip oi the mortgaged premiscs, w any part thereof, becomes vested in a person other than the MORTGAGOR, the h~ORTGAGEE, i?s successors and ass~gns, may, wi~hou~ ~o~ice to the MORTGApR, deal with such sutcessor ot iuccessor in interesl with reference to this mo~tgage ar.d the deut he~eby secured in the same nwnn¢r as with Nbrtgagw without in any way vitiating w d~uharging the Nbrtgagors' liability herr under w upwi Ihe debt hereby sec~~red. No sale of the premises hereby mo~Igaged and no for'bearance on the pan of the MORTGAGEE w its sutcesswi - or as:~gns and no extension oi the time fw Ihe payment of the debt hereby eecured given by the MORTGAGEE or its suctessws ot auigns, shall operate to release, d~scharge, modffy change or affect the wigmal liau~lity of tMe MORiGAGOR herein, eitF~er in Mrhole w in part. 10. It ~s spec~ficaily agreed that time is of the essence of this confrad and that no waiver of eny obl7gatan hereunder w oP the obligatan se- c~red hereby shali at any time thereaiter be held to be a waiver of the terms hereof a of 1Fx instrument secured herby. I1. In add:1lc~ to the forego ng month'y payments of prirc pat and imerest required by the promissory note secured hereby, mwtgagor tovenants and agrees ro pay to rr.mrgayee vc~:h each mon'hly pa~o:ent an addaional sum estlm,ated by mortgagee to be eq~al to 1~12 of the annual cost of the follow- ~rg: ' A-All real propert~ ta:rs leiied or assessed agaiast the above descri?.~d real estate. B-Prem~u~ns on I~re and windstorrn ~nsurar,ce as ttere~n requ;red to be carried on the ~mp~ovements situate on the above described premises. ' C-Premiums on such mortgage g~aramy insurance es mortgagee shail fr~m t~me ro time deem fit to carry on the loan secured hereby. Mo~tgagee sha!I from t~~ne to t~~~e not~fy morryagcr in writir.g of the amo~nt due and payable he?eunder and such sum shall thereupon be due and Fayable on the due oate of ~he next mor.th:y paymenr and each successive month thereaft~r urlil rtwrtgagee shal~ notify mortgagw of a change in such a~-zount. Such surns sFall be apF:lied by mortgagee toward the payment of real property taxes, insurante prem:ums, and mortgage guaranTy insursnce premiums. IN 4YIiNESS :VHERFGF, the said MORTGAGOR has hereunto set his hand and seal the day and ye ' t aforesaid. I Sig~ed, Sealed and delivered in the presence of: ~ O ~ ` ~ `~,E°: n i S7~i!~. . . :~t~ FtA- . ~ ; ~ SS:RT ~ i - ~ ~ Ty ~ Sea4 ` SiATE OF FIORIDA . oEC ~ J 31 ~fl 3 cou~m oF St _ L ~r 1 P_ 3~OS9 ~ eetw~ ~~.~suy appeared Ge r a 1 d R. ~3 e 11 ~ ,nd P Mar S. Bell 9 Y hit wife, to me well known and known to me fo bs ; the individvals described in and who executed the fwegoing instrumcnt, and acknovrfedged before me 1Fwt they executed the same fw the purposes E rherein expressed. And the said ~ta i y S. B P_ 11 r ,w~fe of the sa~d Gc~ ra 1 ti R Re j 1 u pon a sepa~ste and privat~ ~ exam~nat~on by me taicen separate and apart from her said husband, atknowledged to and before me that she exetvted said instrument freely artd volun- F sarily and w+thovt any comp~lsion, constraint, apprehension, or fear of w from F~er said husband. ~ WITNESS my hand and offidal seal this ~ p z~ day of Novembe r ~ q, p, ~q 7S ~.~t1 1L . ~~g,.~ - Notary Public in d r the State of Ftorida at lar~s ' My Commission expires: j Retu~n To: ~ first Federal Savings d~ loan Associat;on pt~~cr. Stcte e` ~ Of Fart P;erce. f•:; Go^ n- .,:on F_.' 1477 £ fort Pierce. Fl~rida E.::i.d C~ J1r:~c:~:c~~ i:,_ 6 1::.~.-~:y Lo. F ~iir~r. . ~ ~ . $ ~ . . . . . ~ ~ ~ ~i ' ' ~i~ This Instrument Prepared By Ga ry F, El lwood ' ' E First Federal Savings 8~ loan i4ssociation c~ J:~~-•: j: ; of Fort Pierce , F 1 or i~a : r i= , - Checked By '....r'1C _ ~C~K Facf i7~ " ~ ~ - -U-~ ~ ~ ; s~=%~: ~ - ti,.``- Q ~ ~4: ~ ';r.= ~ /s.'~u,'~~'i 5~•``~ - - ~~Nl~uH~N~~.,..r ° ~ . r, ' sh ~ _ - i _ , , ~h w._;.R. , _ ~ _ _ ' ~