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Home My WebLink About0594 To plac~ and conrinuously 4eep on ~he bu~'dmgs now a hsreoHa ~~~w~~ on s~id I~nd and on alt equipment and pawoally cover~d by tAi~ mwtp~ ps, w~~A dl premiumi the~eon pa~d in fvll, f~re insu~~nce in ~hs uswl ~~andard polky fam, in • wm a~ov~d by IM MORiGAGEE, ~nd wind~~pm insuru+tt in IM viual s~a~dard pol~cy fwm, i~ ~ ~um approved by fM MORiGAGEE, in tvch comp~~y o~ tompa~i~s ~s Iht MORTGAGEE may i dueut and all iG• •nd w~r~ds~orm i~sur~ncs poGues on aoy oi said bu~idu+pt, ~ny inqrtst ~Mrein w pirf (INrpI. in 1M pqrsya~ ~um ~fa~aid or ~ in ~:c~as thereo(. ih~ll conuin ~M uwal sundard margegN d~us~ u sucl~ o~ha el~us~ ai ~h~ MortypN may requu~. m~tinp tM bs~ unds~ sa~d polF S cie~, eacA and every, payable ~o s~id MORiGAGEE as its ~nterest may ~ppeu, and exh and every ~uch policy ~Mil b~ prompNy au•9~td and d~~ivKed ro~,~ ' ~ny held by said MORtGAGEE as furihe~ ~ecurity to sa~d muiyaye debt, and, no~ !esi lhan ten (10) days in adv~nce of ~he eapir~tion of e~ch policy, to d~ ! livt~ 1o ta~d MORiGAGEE a.e~ewal the.eof, toflether with s receipt fw the premium of tvth renewai; and ~her~ thall bs ~o fi~e or windslo~m iniurant~ pl~c~d on any of sa;d buiidings, any intcres~ thcrein a part thereo(, unless in thC form ~~d with the loss p~yabl~ ~s +iwes~id; a~d in 1ht •v~nt •ny wm ot mon~y becornes payabl~ urxle~ such policy a pol~cies feid MORTGAGEE shall hav~ the op~~on ro ~eceive ~nd apply ths same a+ accouM of the indeb~ed~ n~ss sacwed harsby w ro prrmit aaid MORTGAGORS to receive and ~ie it w any pa~t thereof for osher purposes, wi~hout thr~eb/ waiving a ~mpaia iry any equity, lie~ w r~yht u~der w by vitfue of this mo~rgafle; and in ths event sa~d MORTGAGORS shafl fo~ any reason fai) to keep tha said pr~miies so iruured, a feil 1o deliver prompfly any of sa~d policies of i~surance to said MORTGAGEE, w faif promptly !o pay fully any p.emium tFnrefa or in any reipect tail a pa(orm, d~scharge, execute, effed, complete, comply wirh ~nd abids by this covenanl, a any pa~l hereof, iaid MORTGAGEE may pt~ce and y pay (a ~uch insurN?ce or any psrt thereoi without waiviny w ~ffectinp any opt~on, lien, epuity, or r~ghe under w by vi.tw of thi: Ma~ya~e, and the ~ full amovnl of each and eve~y t~ch paymenl shalt be ~m~nediately d~x and payable and shall bear interest irom ths date thereof until paid at the ratt ol nine per centum per annum and together wi~h such i~te~est ahaif be sttured by th! lien of this mottpage. ' To permil, tommit a sufter no wsste, impairment w deteriwstion of said property w any parl thereof. 5. To pay ~II and ~i~gul~r tF~e costs, ch~rges and expense:, includiny • reasonabk attorney i fes and coits of abitracts of title, incurred or pald N eny time by uid MORiGAGEE, becavse or fn the event of the failure on the part of ~he s~id MORTGAGOR to dvty, promptly and fully ptrform, d~uhargR execute, effeq, comple~e, comply w~th and •b;de by each and every the stipulet~ona, agreements, conditions, ~~d covenantt o( said p~omisswy note and ~hii : mortgage any w either, and u~d costs, charges and expenses, each and evcry, shatl be immed~ately due snd payablet whethsr a not tFx~~ b~ notKe ds i mand, attempt to collect or suit pend~ng; and the futl amount of each end every s~rch payment shall bear interes~ from the date thereof until paid al ths ! rate of ninr pu trntum pr~ am~u:n; ar~d all said costs, charges and expenses incurred or paid, togelher with such int~resl, shsl) bt secuted by tht lieo of thii mortysge. 6. That i~ the evem of 6ny breach of thii Mortgage o~ defaul~ on the part o( the MORTGAGOR, w(b) in the event sny of sa~d swns of money herein refer:ed to be not promptly and fully paid wirhin Ih~rry (30) days next after Ihe same uve?ally become due end payable, withovt demand a notite, or (c) in the event each and every the slipulations, agreemcnts, cond~tions ar•d covcnants of satd promitsory oote and th~s mortga~ any or either a?e nol ~uly, promptty and fulfy periormed, d~uharged, executed. elfected. compteted, compl~ed with ~nd ab~ded Sy, then i~ eithe~ w~ny such ~veM tM uid ~g gregate sum mentaned in said promis~ory note then re.naining unpaid, with interest acuued, and atl moneys secured hereby, shall becone due and pay- ebte iwthwith, « thereai~er, a~ the opf~on of ~aid MORIGAGEE, as (ully and comp!etely as ii all of ?he said wms of monsy were apinally st~pu~ated ro be paid oo such day, anything in sa;d prom~ssory note or in this Mortgage to the contrary nolwithstanding; and thereupon or thereafte~ al the option of said MORTGAGEE, without no~ice or demand, suit at ~aw or in equity, therefwe or thereaiter begun, may be prosttuted a~ if ~fl m.oneys sacured hereby had matwed pnor to ~ts ins~itution. 7. That in the evenl that at the beginn~ng of or at a~y t~me pending any su~t upon this Mortgage, o? to foreclose it, or to retwm il, a fo enfo~a payment of any ciaims hereunder, sa;d 'N10RTGAGEE shall apply to the Court having jur~sd~ction thereof for the appointment of s Receivtr, suth Court shall forthwith appoint a receiver of said mwtgaged property all and singular, i+x:ud~ng all a~d singular the income, protits, iss~es and revenves from whater~~ seurce derived, each and every of whrch, ~t be~ng expressly understood, is he~eby mortgaged as if spec~titally xt forth and destribed in tF?e pwMing and habendum ctauses hereof, and such Receiver shall have all the broad and effective funct.ons and powers in anywise entrusted by a Courf to a Receivq, ~nd ` wch appoinrmem ihall be made by such Court as an sdmi~ted aquiry aod ~ matter of absofute ripht ro. said MORTGAGfE, snd withoul reference ro the i adequacy w inadequacy of the vatue of the property mortgaged or to the sotventy or ~~solvency ot said MORTGAGOR a the deftndants, a~d that such ' rents, profits, income, issues and revenues shall be apptied by such Receiver according to'the Iten w equity of said M~RTGAGEE and the practice of iuch ' Court. . . 8. To duly, promptly and fv11y perform, dixharse, execute, effcd, complete, comply with and abide by each and every tha stipulations, agreements, conditions and cevenanb ~n said promissory note and this mwtgage set forth. 9. That in the event the ownership ol fhe mortgaged premises, or any part thereof, becomes vested in • person other fhan fhe MORTGAGOR, tM MORTGAGEE, its successora and suigns, may, w~thout notice to !he MORTGAOR, deal w~rh such successor or successor. in i~terest with refe~ence to this mortgage and the debt hereby srcured in the same manner as wi~h Mortgagor without in any way vitiatiny or discha~ging the Mortgagors' li~biliry hert under or vpon the debt hereby sec~~ed. No sste of ~he p.emisea hereby mortgaged and no forbeara~te on tFep part oi the NIORTGAGEE a it~ iuccessors or assigns and no extcnsion of the time fw the payme~t of the debt hereby secuied given by the MORTGAGEE or its s~xc~sto?s w assig~s, s~ll operete to release, d~scharge, modify change or affed the orig~nal Iiabil~ty of tha MORTGAGOR t+c~ein, eithsr in whole w in part. . E 10. It is specifica~ly agrecd that time is of the esxnce of thjs cauract end thst ~o weiver of any ob~igation hereunckr p of ths obligation se- ~ cvred Fiereby shall at any time thereafter be held to be ~ waiver of the terms hereol w of the inslrument secured herby. ~ 11. In add:tio~ to the fwego:ng monthly payments of princ'pal and inrerest required by the promiupry note secured hereby, mortgagor covenants and agrees to pay to morrgagee ~nith exh monthly payment an addirional sum estimated by mortgagee to be equal to 1~`12 of the annual cost of the follow- i ng: A-AIf ~eal ~roperty ta,czs fev~ed o~ assessed against the above descriyed real estate. B-Prem~wra on fire a~d windstorm insurar.ce as herein roqu~red to be urried on the improvements situ~te on the above desuibed prcmises_ C-Prem;ums on such mortg;ge 9uaranty insurar,ce as mortgagee shail from t~me to time deem fit to carry on the ban secured hereby. Mort9agee shail from ~ime ta lime not~fy monga~or in writ~ng of the amo~nt. due and payable herevnder and such sum ahall ther,Cu~on be due tnd ~ payable o~ the due date of ihe next monthly, payment and eech successive month thereaite~ urtil morigagee shafl notify rqortgsgoi;at'6. [htnpe in sueh amount. $uch sums sf~aif be appiied by mwtgagee toward the payment of real property taxes, insurarxe prem~~ms, and ~QOrk~a~pA ~fl~~Jf?y~k~wrance ~ premiums. : ' ~ ;1 Uv ~ ~ ~ ~ ~ • i ~ WiTNESS V~HERFOf, the said M AGOft has hereunto set his hand and seal the day and year first sfor i , led delivered in t exnte of: es<~~,. . i ~ ~ iq,Ea k~~ kF~J~EO ~ _ ~ ~ - fT. s..EiCiE C~1i1rTY t~. • . _ p ; F,~~fi'G:s~~s ~ •o- ; - - ~ tii~;.~c ~i.:;.~r ~au+n ,.~,ti,~. f .n - + f~ft0~•' Y£ °s' - - i - f i • , 'ri ~ i ~'•f• ~'~i! STATE OF so~ot M I Q-I IGAN ,~1 F" - , - 5~~;~ u. 32~1 - ~ ~o~Nn oF oA}a.~ n Si Before me pe~sonally appeared Ha rA 7 d r. . Cl,p>> a= Mar.~_j(~_(`lOt1t1P.S " his wiie, to me well known and known to me to bs the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw ths purpotes s rherein expresxd. And the said Mazy K. Cloutier j ~ ~rife of the ~~d - Harold F. CIOUt1eI , upon a separate and priv~t~ ~ exam~nation by me taken separate and apart from her sa~d husband, etknowledged to and before me that she execvted s~id irotrument fteely and volun- ~ tarily and without sny compulsion, constraim, apprehension, or fear of or from }fer said husband. ~ WITNESS my hand and offic~al seal th~L (p T~ daY of D. 19~_ ~ ~ ~ . ~ ~ ~ ~ s tary Publ~c in snd or fhe State oiil~eid~ at liryt ~ ~ My Commission expires: ~/G~ _ Return To: ~ ~ First Federat Savings a Loan Assoc~at~on DA KL QyA V- Of fcrt P~ ~ e`~e. ~ettr.r ~ fort Pierce, flcrida '`«S E• ~y00~ ~ Notary PuE;: Cranty. Mich. ~ My Co;r,m;se;;,n Ex^:; ~ r e~ lur~e 12~ 197Q This Instrument Prep3red By J. H. Roberts Jz. First Federal Savings & loan Association of Fort Pierce , Florida 33452 - ~ ~ Checked 2 ~ i~? r p ~ y i ~4D PAf~ ~ ~ ~ . . . ' r~ ; . - - - - _ , ~ . , _ ~ r. ~ ~ . - -1,s,._.~ _ ~~...~~~~~.:~w~~~ . _ ~ ~.-~-~~w. .