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Home My WebLink About0875 3. To place and coMinuoufly kcep on the 6ui'd~ngs now w hereafle~ iiluate on ssid ~snd and qn ali eq~ipmenf and penona~ly tov~rrd by this mat~ ags, with all p~emiums Ihereon pa~d in full, f~re inw~ance in tht usual stands~d poGty form, in a tum approved by the MORiGAGEE, •nd wind~torm ~~iursnce in the usual standard po:.cy fo~m, in a tium approved by the MORTGAGEE, in such co~p+~y or compsnies +s the MORiGAGEE msy direct; snd all lire and w~ndstorm insurance polic~es on eny oi sa~d build~~+ps, any inte~est the~ein or prt thereol, in Ihe agyreya~e svm ~lo~ttaid or • In ~zcesf ~hereof, shall contain !he usual standard ~nortgaflee clause w ~uch o~her clause si 1he Ma~pagee may reyu~r~, makinp tF» lou under sa~d po~i~ cie~, each and evcry, payable to said MORTGAGEE as ft~ intr~est mey appear, and each and every tuch policy ahall be promptly •ts:yned and delivered ~o ~ny held by said MORTGAGEE ss further iecurity ~o said mwtgage debt, and, not tesi tM~ 1sn (10) d~ys in advance oi the expiroYwn o1 each pot~ty, to de- livK fo uid MORTGAGEE a renewal Ihereoi, Io~e~F~er with a recetpt (or Ihe prsmivm of auch renewal; and there shall be ~o iire or windsto~m insur~nt~ pl~cad on +ny of uid buildings, any intcrc~t the~ein or psrt thereof, unles~ in tM form and with tM lou payabls as aiuss+id; and in tM evtnl a~y fum of money become~ payable urxler ~uch policy a pol~cies uid MORTGAGEE shall Mv~ ~he opt~on ~o rrca~ve and ~pply the ume on accoum of the indeb~ed- neu secured hereby w ro pmm~t ~a~d MORTGAGORS to rece~ve and uu it w any par~ t/~e~eof fw oei~rr pu~posrs, w~~hou~ Ih:reo/ wai~ing or ~mpair- ' in9 any eq~ity, lien w right u~de~ w by virtue of Ihis mo:tgage; and in ihe event seid MORTGAGORS shall iw sny reason fail to keep IM aid pr~mises W insured, a feil to deliver prompfly any of said po~~cies of insursnce to sa~d MORTGAGEE, a fa~l promptly to pay futly any pre~nium thue~a or in a~y , respect fail to perto~m, diicharge, execute, effect, complete, comply with and abide by this cove~ant, x+~y part hereof, said MORTGAGEE may pl~ce •nd psy iw such ina~rance ot any part thereof witAouf waiving a al(eding ~ny option, lien, eQuity, a right under a by virtw of thls Mortg~9e. ~nd the full"amovr.t of each and every auch payment shall be immediately dw and payable ~nd shall bear intere~t from tht dats thaeof until paid a1 ths ra~~ ol , nine pe~ tentum per annum and to~ether with such interest shafi be sec~red by ths lien of this morlgags. 1. To permit, commit a sutfer no wasfe, impairment a deternuation of ~aid p.operty a~ny part thereof. 5. To pay ail and iingula? the costs, charges and expenses, inc;uding a reasonable attwney's fee and costs of abstract~ of titla, incurred a paid at any time by said MORTGAGfE, becruse a in the event of ~he failure on 1he part of the said MORiGAGOR to duly, promptly and fully perform, dixharye, exetute, effect, complete, comply w~th and ab;de by each snd every the s~ipulat~ons, agreements, condieions, and covenams of taid promiasory note and this mwtgage any or either, and sa~d costs, char9ef artd expenses, each and every, ahall be immed~ately due and payable; whNAer w not ther• be no~ice de mand, atte~npt to collect w suit pend~ng; and the full amount of e~ch and every tvch payment shall bea? in?erest from the dats thercof until paid a1 the rate of nine per centum per an~~um; anc all said costs, charges and expe~ses incurred or paid, together w~th such interest, shall be secured by the lien of thii mortgage. 6. That (a) in the event oi any breach o( this 1Nortgage or defautt on tM part of the MORTGAGOR, or (b) in the evenf any of said ~ums of mo~+ey herein referred lo be not promptty and fully paid within thirty (30) days nexl after Ihe same severa!ty become due snd payable, without demsnd o? notice, or (d in the event each and every the sGputafions, agreemems, cond~t~ons and covenams of sa:d promisw~y note and thh mortyaye any o? either •re not ~uly, promptty and f~lly performed, d~xharged, eaecuted, e~fected, completed, compl~ed wi?h and abided 5y, tFKn in either or any such event the said a¢ ~ gregat~ sum mentqned in said promisswy note then remaining unpaid, with interest actrued, and a!! money setured hereby, shall become due and p~y- able forthwith, a thereaf~e+, at the optio~ of s~id MORTGAGEE, as fully and completely as if all of the said sums of money were w.g~nally tt~pulated i ~o be paSd on such day, anything in sa;d promissory note ar in this Mortgage to the contrary notwithatanding; and thereupon a thereafter n the option of ; said MORTGAGEE, withoul r+once or demand, suit at taw w in equity, therefore a Ihereafter begun, may be prosecuted as i1 all moneys iecured hereby j had maturcd pnor to as instituuon_ 7. That in the event that at the beginning of or ~t any ~~me pend~ng any su~t upon this Mwtgage, o+ to foreclose it, w to refwm it, or to enforce paymenf ol eny claims hereunder, said ~hORTGAGEE shall apply to the Court having ~urisd;c~+on thereof fw the appointment of ~ Receiver, such Court sMll for~hwith sppoint a?eceiver of said mortgaged property ail and si~gular, incl~d~ng a!1 and s~rgutsr the ~ncome, p~oiits, issues and revertves lrom whatever wurce derived, each and every of wh~ch, if being expressly undr~s~ood, is hereby mongaged as ~f spec~ficalty set for+h and dewibed in the granring and habendum cla~ses hereof, and such Rcceiver shall have all the b~oad and effect~ve funct~ons and prnvers in anywise ent~vsted by a Court to • Receiver, and s~ch appoiroment shall be made by such Cour1 as an acfmitted equity and a matter of absotute rght to said MORTGAGEE, and without refe~ence ro the adequacy o~ inadequacy of the val~e of the prope~ty matgeged or to the sotvency w insotventy o( said MORTGAGQR or the defendants, and that suth renrs, profits, income, issves and revenues shail be applied by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, d~scfiarge, execu~e, effeN, complete, comply w~rh and abide by each and every the stipulations, agreements, conditions and cove~ants in said promissory nate and this mwtgage set forth. 9. That in the event the owne+sh~p oi ths mortgaged premises, o~ any part lhereof, becomes vested in a pe+wn other than the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without nof~ce to the MORTGAOR, deal w~th such succeuo. or s~ccessor in interest w~th reference to this martgage and the drbt hereby secured in tfie aame manr.er as with Mortgagor witFaut in any way vit~ating or d~scharg~ng the Mortyagors' (iability F?ert ! unde~ or upon the debt hereby secured_ No sale of the premixs hereby mortgaged and no forbea~ance on the part of the IAORTGAGEE M its suctessws or assigns and no earension of the time fw the paymem of the debt hereby secured given by the MORTGAGEE or itf successors or assigns, shall oparata to release, d~xharge, modify ~hange or affect the original I~au,iny of the MORTGAGOR ?v in, either in whole or in part. ` , 10. It is specifically agreed that Iime is of the essence of this coneract and that no waiver of any obtigation hereunder or of the obligation se- ~ cured hereby shall at any time thereafser be held to be a waive~ oi the terms hereof or of the instrument secured herby. 11. In add~~ion 'o the (orego ng monthly paym~nts of prin~'pat and inrerest required by 1he prom:ssory note secured hereby, mortgagor covenants and agrces to pay to mortgagee v.:t1~ each monrhiy pay~,ent an add~iional s~m est~n,ared by mortgagee to be equal to 1 j 12 of the annual cost of the fol{ow- '^9: A-All real property taxes lev~rd or assessed agai•tst rhe aEove desc.~bed real estate. ~ 8-Prem~ums on iire and windstorm insuracce as hem~n req~~red to be carried on the improveme~ts s~tuate on the above dascribed premisea_ I ~ C-Premiums on such mortgage guaranty ir.surar:ce as mortgagee shalf from. t:me to time deem fit to carry on the loan secured hereby. I Mortgagee shall (rom ti~ne to tirne notify mortyagor ~n v.r;ting of the amo~nt due and payable hereundrr and such sum shail thereupon be due and f Fayabte on the due date of the r.ext momh!y payTent and each success~ve m.onth thereafrer until mortgagee shall notify mortgago~ of a change io such a~:ount. Such sums sFail be app;ied by mortgagee toward the payment of real property taxez, ins~rance prem.ums, and mortgage guaranty insurance # ~ premiums. ~ IN V~ITDJESS NIHEREOF, the said A~ORTGAGOR Fas hereunto set his hand and seal the day and year first afwesaid. ~ Signed, Sealed and delivered in the presence ef: j_~~~ i ~,~~n ~ , ~ ; o lis W. Vose, Jr. n ~ j _ ' ~ ` ~ ' - ' /,~Q:2zsC6~C~ ~'J~ (Se~q . ~ _ tfonica L'ose ~ ~ S7ASE OF FLORIDA i St i,1.1C @ ~ SS. , , ' COUNTY OF • 1 ~ ~ Before,me personally appeared r~.^~~i o ~ T ~ - , - : ind ' ' his wife, to me welf known and known~tp'n~t tb~ the individusis deuribed in and who executed the foregoing instrument, and acknowiedged before me that they exetuted the ~se11~ for Jhe pwpoje~ ~ rherein expressed. And the said i~on ie a 1~03 @ _ _ , ' i . ` ' " ' ~ = ~ wife of ?he uid i=~ ~-1 S~iAl. ~JO S G' ~ v Y' . - irpbn s separiti end,p?Nat~ ~ examinat~on by me taken separate and apart from hsr sa+d husband, ecknowiedged to end before me that she executed said intt~~rtuni ftNly~~isd volun- ~ rrnly and w~thout any compulsion, consrraint, apprehens~o~, w fear of w from her said busband. b ~ WITNESS my hand and off7ual seal this_- day of C~t-~' ' A. D. 19 ? ~ ~ 3 ^ : ~ l'2~..~~ ~ ~ = Notary Public in and%io~ the State of florids at larye = My Commission expires: A j y, rf Retu~n To: ' ~ fint Fedcral Savings S Loap Aswuat~or. ~ Of fo~t P:erce. Fort P~erce. FScrid~ r ~ ~ Y: This Instrument Prepared By Donald E. ~'ughes ~ First Federal Savings 8~ loan Association ~ of Fort Pierce H iorida F~LEU : ECCK~EO ti~ ' ST. LuCt~ G~^Hi r~lA. ~ ~ Checked By ~ ~ ~3~ rJ~' ; . : ~ .t ~URT ` ~ ~~3 i'=Cf • tc:' y!'^_,~1. ~ ~ 40 Ah'~b ~ e~, t~JJ PacF Ju~ 1? ~ ~ ~ ~ - ~ =i ~ . . _