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Home My WebLink About0608 3. To pl~ce and coroinuously keep on ~he bu~:d~r.gs now w hereaher filvah on said land and on •n cq~~a*~em •nd p..son•uy co~•~~d by ~h~~ m«~9- p~. wi~A all pr~miums thtreon pa•d ~n futl, f~ro ~„sw~nce m ~s~~i ~~ands.d poi~cy fam, in a wm appov~d by tAe MORiGAGEE. and windstwm iruutanc~ in tM uiu~l sundard pot.cy fo~~n, in • ium approved by ~M MORiGAGEE. in such company ot tompan~h ~s 1M MORTGAGEE may du~cr, ~nd all fi~s ~nd wmd~w.m iniu.ance potic~~ on ~ny of s~~d build~nq~. ~ny int~rpt t1lMfin Of pi~t II1ffMI, in tM +pqrep~~~ wm afaewid or in ~ace~s thr~aof, ~MII con~ain the viwl ~~andard mor~9aqe~ daus~ u wch o~F»r tlauw u 1M Mw~~pt~ may requ~r~, ma~inp tM loi~ undN a~d pol~ ci~f, e~th ~nd wery, p~yabts ro said MORTGAGEE as ~u in~ereft may app~ar, a~ ~acA and •very such policy ~h~ll b~ proinpt~y ~it Qned ~nd d~iiv~rtd to ~.j l.:.1 4norr__ercf 3: f....~.., ~..._..:~Y .e. .1.6~. a..d: nn~ I~ss d++n ~.n f101 days advanc~ of Ihs •apiralion of e~ch polity. fo d~- liwr to taid MORiGAGEE s rtnewal thereof, toflether with a rece~pt }or the pre:n~um of such rt~twal; and ther~ shall b~ no f~r~ or windito~m in?urant~ ~ pl~c~d on a~y of sa~d build~ng~, ~ny inureet there~n a part thercof, untess in eh~ form and wiih ~lu loss p~yabte ~s atw~s~id; and in tM ~vtnf any su~++ of monsy becwne~ payablo u~der such policy or polKie~ s•id MORiGAGEE fhall have ~he opt~on ~o receive ~nd ~pply tne sartk on +ccount o( the indebted- nesf iecored hereby a to pe~mit sa~d MORTGAGORS to receiw snd uf~ i1 a eny part thereof fw other pwposas, w~thout thereb~ waiviny or ~mp~ir- inq any equity, I~en a r~gh~ under a by v~rwe of this mo:rgage; and in tFis evero ~a~d MORTGAGORS shall fw any reason fail to keep tM said pr~misei w insured, o~ iail W deliver prompNy ~ny of said pol~ues of insuranc~ to uid MORTGAGEE, o~ fai~ promptly to pay fulty any premium therefor a in a~y roapact lail io psrform, d~xharge, eYecu~s, effect, comp~eis, cw.nply wi~h arx) abide by ~h~i tova~ant, or any part hereof, uid IVIORTGAGfE rray plsce and ' pay fw suth insurence or any pa~t fhereo( withoul waivi~ o~ af(ectirg •ny option, li~n, equity, o~ r:ght unda w by virtw of this Matqaye, and Ihe • full amcum of each and every wch psymaM shalt be immediately due and payab~e and shall 6ear interest from 1F?~ dats thereot umil peid at th~ uN ol " nine per centum p~r annum and to~r~her w~th such inte:est shail be sccu{ed by the lien of lhii mortyage. 1. To permit, commit or sufter no w~ste, impairment or deteriwslion of said property w any p~rt thereof. . S. To pay all and sing~tar ths costs, charges and expenses, incl~dinp a ~eason~ble aftaney i fee and costt of ~batratls of titl~, incurrtd w p~id any time by sa~d MORTGAGfE, because or in the event of th~ (ailure on the part of the said MORTGAGOR to duly, promptly and fully ptr(orm, d~uhar9R execute, effect, complete, cwnply w~th and ab:de by each and every the stipvlat~ons, agreaments, conditions, and covenants oi s~id promisswy note and this mo~tga9s ~ny w eithm, and u~d costs, charges and expenses, esch and every, shafl be immediaiely due and p~y~bte; whether o~ nof tMr• be no~ice da mand, atte~rpt to colted w iuit pend~ng; and the full smount of each •nd every such payment shall bea. intereit from tM date thsreof until paid ~t the rate o1 nine per cenwm per amwrn; and all said costs, charges and expenses incurrted or paid, ~ogather w~~h such interest, sMll b~ sttured by the lien of this more9ags. 6. That (a) in the event o( any breach of this Mwtgage or defsult on the part ol the NORTGAGOR, w(b) in ths tvent ~ny of ssid tums of money herein referred to not promptly and fully paid within th:~ty (30) dsys newl after th~ ssme severatly txcome due •nd payable, withoul dtma~d w notite, or (c) ~n the evem aacA snd every ~ha stipula~ions, agrcemenfs, condmons ~nd covenants of sa~d promissory nute snd this matyaQe any a either rwl iuly, promptly and iully perfwmed, d~scharged, execured, e(lected, completed, compiied with and ab~ded by, then in e~thsr p•ny such event tM ssid pregate sum mentioned in said promisswy no:e then remaining unpaid, with interest acuued, and atl money setured hereby, shail becomt dw and psy- able forthw~th, w therea(ter, at the opf~on of sa~d MORTGAGEE, as (uily and compleuly a~ if all of ~he sa~d sums of mon~y were origin~tly st~pulated ro be patd on such day, anyihing in sa,d prom:sso~y note w in th~s M~.rgage to ~he connary no~wi~hsrsnd~ng; and thereupon w thereaiter ~t the option of said MORTGAGEE, w~~hout nonte w demand, suit at law ot in equ~ty, ~here(ore or thereaiter begun, may be prosetutcd af if all moneys secu~ed F~e~eby had rtutured pnor to ~~s inatituuon. 7. That i~ the evcnt ths? at the begi~ning of or at any time pcnding any su~t upon thi~ Mortgage, W f0 fpK~OS! if, w to reform il, or to enfo~te payment ot any cla~ms hereunder, said MORTGAGfE shall apply to the Court having jur~ad~ction thereof la the ~ppointment of a Receiver, tuch Court sMll forthwith ~ppomt a receiver oI iaid mortgaged property atl and singular, ind~d~ng ait and s~ngutar the incoms, profits, issues and revenues irom wbatever source derived, each and every of wh~ch, it be~ng expressly_ understood, ~s he.eby morrgaged as if specificslly set fwth u+d desvibed in the prantiny and habendum clauses hereof, and such Receiver ahall have a~l the broad and eflea;ve funu~ons and powen in ~nywise entrusted by. a Cou~t to • Receive~, ~nd acch appointment shall be made by svch Court es an ad:nitted equity and a mattm of abso~ute r~ght ta safd MORTGAGEE, and withoul refere~te to Ihe edequacy o~ inadeyuacy of the value of the property mortgaged or !o the so~venty or ,nso~vency of aa~d MORTGAGOR a the defendantt, and thal such renta, profits, i~came, iuues and revenves shail be~applied by such Rece~ver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8_ To duly, ~omprly and fully perform, discharge, execute, effcct, comptete, compiy with and sbide by each and every the stipulations, agreemenb, conditions and covenants sa~d promissory no:e and th:s mongage set fwth. 9. That in the event the ow~e:ship of the mo~tgaged premises, or any part the~eof, becomes vested in a pe?son othe~ than the MORTGAGOR, fhe MORTGAGEE, its successors and assigns, may, without not~ce to the A1pRTGAOR, deal with such suttessor o? tutcessor in interest with teferervce to thia mortgage and the debf hereby secured in the same manner as with Mortgagor w~tF+out in tny way vit~ating p d~xhar9ing the Mort9agors' fiab:lity hertr under a upon the debl hereby secured. No asle of the Frc~rnises h:reby mortgaged arid no forbea~a~ce on the part of the MORTGAGEE a its tuctefsors or ass~gns ~nd no extens~on of the t~me fw the payment of the deb~ hercby sec~red given by th~ M~RiGAGEE w its sucuuors u assigns, sha~l operat~ io reiease, d~scharge, modity chanye or af(ed ?he or~g;nal liabiley of the MORiGAGOR Fxrein, eithrr in whole a in part. 10. t! is spec~f~cally agreed ~hat time is oi the eisence of this contract and thai no wai~er of sny obl~gation hereunder or of th~ oblipatio~ sa- cvred hereby shall at any Iime thareaher be held to be a w~iver of the terms hereoi or of the instrumeM secwed herby. ~ 11. fn addn~o~ to the fwegang monthfy parments of princ"pal and interest rcquired by the prom~ssory no!e secwed hereby, mortgagor covenants ~nd a~rees to pay to ~ro-tgagee vy~th each monthiy Fay~::ent an add~rional sv~n est~mated by m.ortgagee to be eqwl to 1; 12 of the annual tost of the follow- !ng: A-Ali real propcrry taaes fev~ed or assessed ag~i•~st thc above descr~5rd real esrate. B-P~em~~•ns on tire ar.d wmdsrorm ins~•ar:e as here:n requ:~ed to be carrfed on the improveme~ts situate oe the above described premises. C-Prem~ums on wch mortg,ge g~a.ar.ry insu:ance as mo~tgagee ~haSl Irom ~:me to time deem fit to cs~ry on the loan aetured hercby. ~ Mortgagee sh,!! from s~~na to r~me nof~fy mortgagcr ~n •.vrit;ng of the a~,ov~t due and payable hereunder and such sum shali thereupon be due and k Fayable on the d•~e dare of ~he nexi moath!~ payment and each s~ccessive month thereafier ur.til mortgagee shall notify mortgago~ of a change in such ; a--,o~nt. Such s~ms sha11 be appiied by mortgagae to.vard the payment of real property ta~ces, i~suro~te prem:ums, and mortgage guaranty insurarxe ! premiums. - ~ IN Y~ITNESS YlM~R~OF, the sa~d MORTGAGQR has hereunto xt his hand and seal the day ~nd year firaf ~foresaid. ~ 1 ~ Signed, Seated and delivered in thc prcxnce of: / ~ ~ ~ ~ - _ ' 1M4G£~ t417~l+f ~ (Se~q B ~Lf~/. C:~iCi1t7 L~Dil~'i ~ e ~ 1Uf~~:,: ~f'r.?F~EJ~--~ ' n Elizaheth L~_ Va7 ~nt~n_e (Seap ~ STATE OF fl0 DA 7 ~ COUNTY OF _ $t . Ll1Cle ~ ~3VVlJV ~ ~ Befwe me pnso~~lly appeared _ JaneS Valentine ~ _ Elizabeth . Val~tine his wi~e, to me well known and known to me fo M the individuals described in and w1ro eaecuted the fuegoing instrument, and atkrwwledged before me that they exetuted the same for ihe purpose~ ~ rherein expressed. And the sa~d- EI1tAUC~tt1 L. Valentine ~ wife of the sa~d _ _iSfneC D. Vajentine upon a separste ~od p~iv~ts ~ exam~rwt~on by me taken separate and apart from her said hvsband, acknowledged to and before me that she executed seid instrument freely ~nd volum ra~ily and w~thout a~y comp~lsion, consrraiol, apprehension, or fear of or from her said husband. ~ WRNESS my hand and offic~al seal this day of A. D. 19 76 ~ Noury Public in and iw the St+te of F da at l~rpe ~ My Commission expires: ~ L ~ Retum To: / ~ ~ ~ ~ ~ ~ Firs? federal Savings 3 Loan Assoc~at~on ? Of Fort P,erte. o- fon P~erce, HcnJa - ~ ~ - ' z ~ - ~ ~ ~ This Instrument Prepared By J. H. Robezt s Jz . ' ~ ~ First Federal Savings 8~ Loan Association . ~ ~ of Fort Pierce , Rlozida 33450 ~ ~ 253 Fac.~ ~08 ~ . . ~ Checked By~_- ~ ~ ~ . ~ , , , d2 ` ~ ~ ~ _ ~ , i - ~ . ~ a~71 _ F . _ . . s . . w.~:-~