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Home My WebLink About0187 3. To plece and conUnuously ketp on ~he bui!d~n9s now w ha~eafta ?dwte or. ss~d land and on sil cquipnenl and p~rwn~lly tovered by Ihif mo~tp~ p~, with ~II p~emiwnt therron pa~d in fult, f;re insyr~nce in the usual standard policy form, in • tum approwsd by ths MORIGAGEE, ~nd winda?orm insur~nc~ in 1i+e us~al sf~ndard pol,cy (orm, in a su~n approved by tiu MORTGAGEE, in tuch tompany or companiti Ih~ MORTGAGEE may diract; and all (ir• and w~nd~to~m insur~nce poiiuea on ~ny o( said buitd~npt, any inlert~l tMrein or part ~l+ereol, in th~ ~ppre9~?e wm ~fa~said or In ~xcsa thereof, tihalt contai~ the usual s~andard moreqsyee clavsa o~ such o~ha~ clause ~i tM Mortya~ee may ~equ~r~, m~kir+p ~M tou ~nde. u~d poli.. ciss, each and ~vuy. payabte to sa~d MQRIGAGEE as i?s interri~ may appsar, and each and every ~ucA policy shall b~ promptly ~u.yntd ~r+d detivered ~o , ti ~ny held by uid MORiGAGEE as fu~ther secu~ity ro aaid ~nortpsy~e debl, and, no~ !eu than ten (10I d+YS in advanc~ o~ 1F+e expi~at~or? of each policy, to d~- live~ fo sa~d MORiGAGEE • rMewal thercof, to~etM~ with • reteipt fw tM prtmi~m o( such renswal; a~d ther• thall b~ no frte o? wind~to~m m~ur~nc~ . plxed on ~ny o} said bvildinqf, ~ny intereft there~n o~ pa.~ the.eoi, ~nless in ~M fwm and with IM loss pay~ble as a(or~said; ~~d in IM ~v~nf any twn of mon~y becomes payable unde~ such policy w policias uid MORTGAGEE shall havs the opt~on to receive ~nd spply the iame on sccoun~ of the indebted~ nefs seturtd heraby or /o permit ssid MORTGAGORS to reteive and us~ i/ or any par~ thereof for othct pu~poses, withoul ths~eb~ waiving u~ ~~npair- inp any pu~ty, lien a righl under a by vi~tue of ~his mortgage; ~nd i~ ~M avent sa~d MORTGAGORS thal{ (w ~ny reason f~il to keep ths said prsmises w i~sured, w fail to delive~ promptly eny of said polKiei of inauranc~ to said MORTGAGEE, a(ail promptly ~o Qay fully any pranium eherefw a in ~ny r~fpect lail ro periam, discAarge, e:ecuts, e(fect, complete, comply wi~h and abide by this covrnan~, or any part Mrwf, said Mt~RTGAGEE may plsce and paY fw a•.xh insura~xe w+~y part fhareof withoul waiving a•ffedinp ~ny oplion. li~n, eq~ity, a ~~yht unds~ w by virtw of this AAwtya9s, and the full amount oi each and eve~y su:h payment shall be immedistely dw and payable arsd thall bear inte~est from ths date thereof w~til paid ~t tM rat~ ot ' nine par ce~ivm per annum and ~o~ether wi~h such interes~ sha11 be securcd by tM lie~ of thii mort9sy~. 1. To permit, commit w sutfcr no waste, impairmenf w deterioration of said p~operty w any paA thereof. T 5. To pay all and singutu tF~e costs, charges and expenses, includin9 a re~sonable attaney i fee and costs of ~bstracts of title, incurred p paid at any time by said MORTGAGEE, becavse or in the event of the failure on 1he part of the said MORTGAGOR to duly, promptly and fully parform, diicha~ys, exccute, effect, complete, compty w~th and ab:de by each ~nd every the stioulai~ons, ayreements, cond~tions, and covenants ot said promiswry nots ~nd thu matgsp~ a~y or either, and w~d costs, tharqes and expenus, esch and every, ahall be immediafely due and payable; whether a not there b~ ~ot~ce de~ mand, attempt to coliect a suit pend~ng; •nd the full amount of e~ch ~nd every iuch paymer+~ ~hall be~r interesl fran ~1~e date tM~eof until paid at IM +atc ol nine prr cent~m per annum; a~w' all aaid costs, charges and expenses incurred w paid, together w~th suth interest, shall b~ utured by the lien of thi~ . mort~ay~. _ 6. That (a) i~ the event of any breach of thi~ Mo~rgage w defaul~ on the part of the MORTGAGOR, w(b) in the ~vent ~ny of said tvms of money hcrein referred to bs no~ p~ompHy and fully paid within thirty (30) days next after the wme severally become due and payable, without demand a notite, or (c) in the event each and every the stipulat~o~s, agreements, conditlons and covenants of sa,d promiuory note ~nd th3s mortgsye any o~ either art no1 ~uly, promptly and tully perfo+med, d~scharged, eaecwed, eifec?ed, completed, compl~ed wirh and ab~ded Sy, then in e~ther a•ny such ~vent tM said a¢ gregate sum mentioned in said p~omissory note Ihen remaining unpaid, with interesl accrued, and all moneys setured hereby, shall btcome dus and pay- able forthwirh, u thereafter, at the op~~on of sa~d MORiGAGEE, as fuNy •nd completely as if al) of the said sums of money wera aiginally sl~pulsted to be pa~d on such dsy, anrthing in sa.d prom~sswy note or in this Mor~qage to the co~~rary notwithstsnding; and thereupon w thereaf~er ~t the option of said MORTGAGEE, without roi~ce a tiemand, suit at law w in equ~ty, therelwe or therealter begun, may be prosecuted as if •II moneys ucwed hereby had maWred pnot to its inst~tution_ 7. That in the event that a~ the beginning of p at any tirne pending any suit upon this Mortgsge, o~ tu fweclose it, or to reform i?, or to enforp payment of any da~ms hereunder, said MORTGAGEE ahaq apply to the Court having ~urisd~cuon thereof tw the appo~ntment of ~ Receiver, such Court ~hall Forthwi~h appoeM a receiver of aaid mwtgsged property all and si~guiar, includ.ng ail and s~rgular the income, prahts, istues and revenues irom whatever wu~ce derived, each ertd eve~y of wh~ch, u being expreesly unde.stood, ~s hereby mor~gaqed as ii spccifiuily stt fath •nd deuribed in the qranting ~nd ' habendum clauses hereof, and such Rcceiver shall have +II Ihe broad and effecrive fonce,ons and powera +n anywise emrusted by ~ Court to a Receiver, ~nd s~ch appointment shall be made by such Court es an admitted equity and a matter of absolute right to said MORTGAGEE, and wi~hout refere~ce lo tM adequaq or inadequacy of the valve of ~he property mortgaged or to the io:ve~cy w~nsoivency of sa~d MORTGAGOR or the defendants, and that such rents, profits, income, issuet and revenves shall be eppiied by such Reteiver according to the lien w equity of iaid MORTGAGEE and the prsctice of such Court. ~ ~ 8. To duty, promptly and fu:ly perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agfeemenb, conditions and covenants in sa~d promissory ~ote and th~s Alortgage set forth. 9. That in the event the ownersh~p of the rnortgaged pre~++ises, or any pa?t thereof, becemes ve~ted in a person other than fhe MORTGAGOR, the MORTGAGEE, its svccessors and ass~gns, may, without notice to the MORTGAOR, deat with such suttessw oe suttessor in inttresf with referente to thi~ mortgage and the debt hereby sec~red in the same manner as w~th ~l.ortgagor without in any way vitiatirg w d~xharging the Mortgagors' li~bility here- under or upon the debt hereby secu~ed. iYo wie o( tht premises hereby mortga9ed •nd ro forbearance on tF~e part of the MORTGAGEE or ib suctesson o~ sss~g~s and no exsension o! the time fw ehe payment of the drbt here6y secured given by the MORTGAGEE or its succeuas or auigns, sFull operat~ ~o release, d~scharge, rtwdify changa a affect the original liab~lity of fhe MORTGAGOR herein, eitha in wlwle or in part. 10. It is specifically agreed rhat time is of tha essence of this coNract and tMt no waiwe of arry obligstion hereunder or of 1he obligation sr cured hereby shaU at any tim.e thereafter be held to be a waiver of the terms hereof w of the inarrument tetured herby. t I1. In add:t;ea to the fwege:ng monthly payments of princ pal aod imereu ~equired by the promfssory note secwed hereby,'mortgsgor covenants end agrees to pay ro mo-tgagee •aith ea~h momhly payment an add:rwnal sum esun~ated by matgagee to be equal to 1 j 12 of the annual cost of the foflow- ~ng: A-All real prop^rty raxrs lev~ed o~ assessed aga~ost the above described reai es~are. ' B-Prem~ums on fire and windstorm ~nswance as here~n requ:red ~o be carried on the improveme~ts situate on tF~e above described premises. C-P~em~ums on wch morrg;ge g~a.anry insurance as mo~tgagee sF.all 4rom t~me to time deem fit to ca~ry on the loan secured hercby. Mortgagee shall from time to rime nor~iy mongagor ~n v.r~t+ng of the amo~nt due a~d payabk hereunder and such wm shall thereupon be due and 'i Fayable on the d~e date of the next n:onth!y payment and each successive month thereafter ur,til morigagee shall notify morigagor of a change in tuch ~ amount. S~ch sums shail be appl~ed by mortgagee toward the paymem of reaf property taxes, insurance prem:ums, and mcrtgage guaranty iosuqnce ~ premiumS. ~ ` Ih WITNESS YIHER~OF, rhe said MORTGAGOR has hereunto xt his hand and seal the day and y irst aforesaid. I Signed, Sea:ed and delivered in the presence of: / ' ~ - { 'z'~.'t"'L ~ ~ ~ n ~ witness:~L.o-~~ ~ - ~ J s A. Weir ~~n ~ _ _ , ~ n rvitness f~~ut~ N1 ' .n ~ S7ATE OF FLORIOA l J 1 's # COUNTY OF $t. L13Cle ~ ~ Before me personally appeared Janes A. ~A1@1Z i i ~ IY]rfna T_ WQ1Y his wi1e, to me weli known snd known to me to be ~ ~ the ind~vidvats descr~bed in and who executed the forego~ng instrument, and acknowledged before me that they executed the sama for fhe purposes t ~ rherein expressed. And the said- ~AT111a T. WQl t ~ ~ Jviie of the said JanlS A. 1q~e11 , upon s tepu~te and pirvat~ ; ~ examinat~o~ by me taken separa~e and apart from her said husband, ackrawtedged to end before me that she exetuted seid insirument freely ~nd volu~r ~ ~anly and w~thout any compvlsion, constraint, apprehens; n, or fear of w from her said husband. } ~ WITNE55 my hand and official sea! thiL ~~O day oi _7111 V A. D. 19~~L t ~ 34~~'~ ~ " FIIEQ r~~~ ~ECv~ ~ Notary Public in ~nd for the State of Fb?ida a p~ ~ ~ Return To: Sj. LVC1~ ~~UHjY FlA• My Comm]ssion expires: - ~r~~s ~ o ~ ~ _ 4t;~=.~ ~ RT a-~? _ Firtt Federal $avings b Loan Associat;on ;ERI' ~ ~ij~j ~ _ Of cort P~erce. RF C~qt~ y~' ='[Q . ~ ForT PierCe, Flor4da ~ p ~ ~IlL 27 $ 03 aK ~ ~ _ . z 3 a This Instrument Prepared By J. H. Robezt s Ji . First Federal Savings 8~ Loan Association ~ of Fort Pierce ~ Florida 33450 ~ , ~ Checked By ~1.~ >7 ~ s ~ ~ Y r_~ ~V ~'~~+E ~V~ ~ ~ ~ ~ , ~ _ - - - - ~ ~ ~ - ~ ~~~'"r=r~.' » _ . . - - ...__.,N