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Home My WebLink About0172 3. To plac~ and continuously keep on the bu~ld~ngs now or h~reahtr ~itwq o~ iaid I~nd and on all equipment and p~~Wnaliy cover~d by this mon¢ p~, with all prem~vm~ thercon pa~d full, 1~re ~r,surance in ~h~ u~ual s~ardard pol~cy form, i~ • sum ap{xov~d by Ii+~ MORTGAGEE, ~nd wind~tam inturu~c~ in ~M uw~l sundard poGcy iorm, in a wm approYed by the MORTGAGEE, in wch tomWny o~ compani~s u th~ MORTGAGEE nuy dirtctp •nd all (ire and windstorm ins~ren:~ polici~~ o~ MY of Hid buitd~npi, any inter~~t thtr~in o~ pa~t tMrw(, in tFw apq~eyat~ ~um afp~uid a In •:ceu Ihereoi, ihall con~ain ~Fu wwl s~andard mor~Qaqe~ claus~ a such o~her claus~ s tM MaiQ~ye~ may rpuin, ma/inp tM los~ vnd~ aa~d pol4 "-s c~es, e~ch and ~v~ry, payable to said MORTGAGEE a~ its interest may appea~, and each ~nd every iuch policy ahall b~ promptly a~s:yned and d~~iva~d ~o •ny heW by said MORTGAGEE a~ further set~~ity to said matgaqs debt, end, no1 les~ than ten (10) d~ys in advanc~ oi 1M ~apir~lion of e+th polity, to d~- liv~r to Nid MORTGAGEE a renewal lhereof, to~e~ha with • rece~pt for the prsmiwn of t~ch renewal; and Iher• thalf bs no iire or wind~ta~n inaurant~ plac~d on any o( iaid build~rgs, +ny inters:t thersin w pa~~ ~Aereof, un:ess ~n the fo~~n and wiih 1M lou payabl~ ai afw~s~id; a~d in 1M ~v~M ~ny wm of money becorrwa pay~b?e unde~ such policy d pol~ci~s seid MORTGAGEE ~hall have tho opt~on to recaiw and ~pply ths am* a? +ccavnl of tht ind~bted neu ~ecured hereby w to perm~t s~id MORiGAGORS to rcteive and use it a any pa~t thereof for o~hor pv~poses, wi~hout thaeb~ walvi~~ w~mpair- iop any tqvity, litn p righf under a by virtus of thi~ mortga9s; ~nd in the ~vent ~~~d MORTGAGORS fhall fw any reason fail to kttp tM said pM+ist~ so, ifl{u1ed. W fail t0 dllivll prpmplly iny Of SAid pO11Cie3 Ot inlYrantO t0 la~d MVltl(aAlatt. Ot ta~i ~prompliy t0 pay ~uiiy •ny ~Na~uiv~o iiq.a~~. w~:i i nspect fail ro pe~iorm, discharge, execute, effect, complete, comply with snd ~bide by this cove~ant, w~~y pa~t Mreof, said MORTGAGEE may p~~c~ +nd pay tw such insu~ante or ~ny part t!?Freof without waivinp a ~ffecting any option, li~n, equity, or right under w by virtw of thif Mortqap~, ~nd thtl ~ full amount of csth ~nd ev~ry iuch payment ~hall bs immediately due and peyable ~nd thall bear interest from ~hs d~t~ thereoi ~ntil paid ~t the rab o) nine per ce~tu~n pe~ annum and togrther with s~ch interest sha~l be secured by the lien o1 this mort9aye. 4. To permit, commif w suffH no waste, impsirme~t or deterioration o( said properry w~ny part the~wf. 5. To pay all ar+d i~ngulu the costs, cMrgef •nd expenses, includinp s reaso~able atto~ney's fe~ and co•n of ~bstr~cq of titls, inturred w paid ~1 ~ s~y time by sa~d MORTGAGEE, because or in the ~vent of the failure on the part of ~he wid MORTGAGOR ~o duly, promptly and fully perform, discharg0. execute, effect, comp!ete, comply w~th a~d ab:de by each snd every the stipulenons, agreements, conditions, ~nd coveoann o( csid promiuory ~ote and ~hi~ mortpspa any w e~ther, and said cosq, charges and expenses, each snd eve.y, ahall be immediately due and payabk; whethe~ or not ther• be notice da ma~d, attempt to collect a suit pend~ng; and the ful) smount o( ea~h snd tvery auch payment ~hstl be+? interest irwn Ihe d~ts thereof until paid at tht rate o( nine per crnr~m per an~~urn; and a1! said co:ts, charges and expenses i~curred a paid, together wuh :uth intxe~t, shall be sacured by the lisn of thit mortyage. 6. Thst (s) in the event of any bresch of this Mo?tgag~ a default on ths part oi the MORTGAGOR, or (b) in tM tvent ~ny of said tums of mon~y herein referred to be not promptly and futly paid within thirry (30) day; ne~t afte~ Ihe same seveaally betome dw ~nd payabt~, withOtrt dtmand a rqrice, or (c) in the eve~t each and every the st~pulations, agrQements, conditions and covenants of sa;d promissory note and th~s mort~~ any w e~the~ are no1 ~v~y, p?omptly and iulty performed, d~uharged, eaec~ted, effected, compteted, compl~ed with and abided ~iy, thtn in either w ~~y such ~V~flt ~IN wid a~ preqate wm mentioned in said promissuy note then remaining unpaid, with ir.teresl accrucd, end all moneys setured her~by, thall becnrtN dw ar+d pay- able (athwith, o~ thereafter, at the option of said MORTGAGEE, as ful{y ard complete~y as if alt of the uid sums of money were wiqinally stiputated to be patd on such day, anything in sa:d prom~ssory note w in this Mwtgege to the contrary notwithstanding; and ~hereupon w thereafttt a~ rM opuon of said MORTGAGEE, without notice w demand, suit at taw or in equity, therefore o? thereafter bcg~n, may be ptosecuted at if ~11 mot~~ys Ncured he~eby had matured pnor to its inatitut~on. 7. ihat in the event ~hat ar the beginn~ng of w at any time pending any svit upon th~s Mortgsge, or to faeclos~ it, w to reform it, a to e~fwu paymcnt of sny ttaims hereunder, said ?AORTGAGfE shall apply to the Court hsving jurlsdiction thereof for the ~ppointmenf of a Reteiver, wch Gourt sMll fathwith sppo~nt s rcteiver of said mwtgaged property all and singufar, inctud~ng all a~d singulsr the intoms, profits, iuws and rcvenue~ irom whatsver source dcrived. each and evcry of whKh, it be~ry expressty understood, is hereby mor~gagrd as if specifically set fafh and desp~bed in tFM prantiny and habendum clauses hereof, and such Receive~ shall have alt the broad and effective furxt~ons and powers in anywise enrrwted by • Court to a Receiver, and tvch appointment shatl be made by such Court as an sdmitted equity and a mattcr o( absotute righf ?o said MORTGAGEE, u~d withoul reference to the sdequacy or inedequaty of the valve of the property mortgaged or to the so~vrncy or insoivency of said N10RTGAGOR or ~he defendann, u+d that such renrs, profits, income, issues and revenues ahall bs apptied by such Receiver accord~ng to ~he lien u equity of s~id MORTGAGEE and the pr~ctice of such CouA. 8. To duty, pranFtly and fully per(o.m, discharge, ex8cute, effect, complete, comply with and abide by each snd every the stipu?stians, agreemenq, conditions and covenanrs ~n u~d p.omisswy note and this mwtgage set forth. 9. That in the event tl+e ownership of the mortgaged -premixs, w any pa?t thereof, becomes vested in • person other thae? tFx MORTGAGflR, /M MORTGAGEE, its successon and assigns, may, without notice to the MORTGAOR, deal with such successw w sutcessor in interest with rtferente to this mortgage snd the debt hereby secured in the same ma~ner as with Mortgago~ w~thout in any way viti~tirty or dixharginy the Mwtgagors' liability here- under a upon the debt he~eby secured. No saie of fha premises hereby mortgaged and no forbearance on the pan of the MORTGAGEE w iri successws w ass~gns and no extension of the time fw the payment of the debt hereby secured gi~en by the MORTGAGEE or its successora or sssigro, sh~ll operats ro releue, discharge, modify change or affect the original liab':lity of ~he NARTGAGOR he~ein, either in wFwk ot 1n put. 10. It is spec~~~calty agreed that time is of the esse~xe of this contract and that no waiver oi any obliga+ion hereunder or of tM obli9ation sa- cvred hereby tMll at ~ny time thereaffer be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In addition to the (oregc:ng monthly payments of prinCpa! and interest required by the promissory ~ote sccwed hereby, mortyagor tovenanfs and agrees to pay to mortgagee ~w~th each monthly payrnent an add~~ional sum esnmated by mortgagee to be equal to 1/12 of the annual cost of the follow- ~ng: ' A-A!I real property taxes lev~ed or asseased agai~st thc above desc~ibed real esrate. B-Premivms on fire and windstorm ir.surar.ce as herein requ~red to be carried on the imp~oveme~tt situate on the above deittibed premi~ea. i C-Prem~ums on wch mortgage guaranty i~surance as mortgagee shall from t,me to time dcem fit to urry on the loan secured hereby. i Mortgagee shail from time to t~me notify mortgagor in wriring of the amo~nt due and payable F~ereunder and such sum thall thereupon be due and ~ E payable on the due dare of the next month:y payment and each wccessive month there~fter ur.til matgagee shall notify mortgagor of s change in such ~ amo~nt. Such sums sha11 be applied by mortgagee toward the ~aymeM of real prope~ty faxes, insurance prem.ums, and mortgage gwranty insurance ~ premiums. ~ IN Y~ITNE55 +NHERfOf, thr said h10RTGAGOR has hereunto set his hand and sea) the day and ear irat afw id ~ q Signed, Seaieo arid dativered in ihe preunce of: ~ ; ~ ~ i r . e , yGr.,z 1 : ~ 1, n ~ ~ ~1~~ Witnesses ~ t . ~ ' an e n i ~ STATE OF Geo r ~ i a ~ COUNTY OF l~~t Cc r`~ ~ ~ ~ ~ Before me personally appeared G i 1 b e r t F. We s t b e r r y, I I ~ Su s an .J . We s tbe r r y his wiie, to me well known a~d known to me to b~ rhe individuals desvibed in and who executed the foregoing instrument, and ackrwwledged before me fhat _th~y eaetuted the same fw th~ pwpotts therein expresud. And the said Su s an .J . We s t b e r r y wife ot r~ ~~a Gi 1 be r t F. ~1 e s t be r r y~ IZ ~Po,,, e~ ate and privat~ ~ examination by me taken separate and apart from her said husband, ~tknowltdged to and before rrn that she exetuted y~id instlurtfa~(~r jfi'geily. snd volun- tarily and without any compuiaion, constraint, apprehe~~~on, o~~ear of or from her sa~d hy~sf'bend. :~.s~,~ '6 ~ WITNESS my hand and offic~al seal th~s_ ~~7 day of M y ` ~t~~1V ~ ~ " ~ ' ; ` t `~L ) : - c t~ • - _._t I ' . - ~ Notary Public in and fw fhg fe{of at rr My Commission expires: - • ~(ZLf,l Z~- - ~ Retum io: : ~ ~ ,~3 ~~4 ~ First Federal Saving~ 6 Loan Aswciation D~ ~~•~~Q~,. ' ~ Of Fort P crce P8t(ICia l'~••• - i,• p ~ otary PuDlic, Chatharri•S!o~11r~tY+ 6 Fort Pierce, florida ~ fJly Commission Exp?res Sept~~24,~i97$ ~ . _ - ~ ~ ~ This Instrument Prepared By RiChard K. Kayes f~~ED xh3 nEt,UROED ~ First Federa) Savings 8~ Loan Association ^'ti ^ h ST ROCE ~p uN7r P~~, ` ~-'~9 CLERK w;RCWT C URT f ~ of Fort Pierce , Florida F,ECOR~YEhIfl:D~~~ ~ ,~D ~ f'{,o_4s~ Rv T?Y ~ i 3 ~z PM'16 ~ r ~ _X; ~ - . ~~3 F~~ ~7~ ~ ~ , a ~ - ~ , r ~ ~~_...x~~~e . ~ e. h _ c~...._ . , t~.., /~a1~ L''i~~ .w6~ ..c,~