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Home My WebLink About2907 i ~ z j ~ ~ ~ 3. To plecn •ncl tonti~uo~tly keCp On the bui!din~s now or hereatter ~ituete on said land and on all equlpmenl and perso~ally covered by lhis matg- ; ~ efle, with •11 preml~ms Ihereon paid tn f~ll, fire insurance in the ~sual ~ta~uiard palicy (orm, in a t~m approved by the MORrGAGEc, end wind~iwm } In~urance in Ihe usuel ~landard policy fo~m, In a sum approved hy ihe MORiGAGEE, tn ~uch company or compenies as Ihe MORTGAGEE may ~ dired~ and all fire and w~ndstorm insurence policiet oi~ any of iaid build~ngi, any Interast therefn or part thueof, in Ihe aggregate wm •foroseid or In excess Ihereof, shall <ontafn iha uiual s~andard mort~agea clauso or such oiher c~~use ati the Mortgagea may require, making tha loss under ~aid po1M tle~, aech and avery, peyable to ~ald MORiGAGEE as ils interest mey appear, and each and ~every svch policy ~hall Ee promplly ass:gned and delirered lo ~ any hetd by taid h1bRTGAGEE as further security to oald mortgage debt, and, nat less tt~an ?en (10) daye in advanca of the ezptration of each polity, to de• ~ livsr to ~eid ,NORTGAGEE a renewal thereof, togethet wNh a receipY tor the pr~mium of such renewal~ and Ihere thall be no i~~e or vrindstorm tnwronte placed on any of said buildings, any lnteresl Iheroi~ or pait ~hereo(, unless tn ihe (orm and with Ihe loss payabls as aioresaldp and In the evenl any s~m ~ ; of monay become~ payable vnder such policy or policies saiJ MORTGAGEE ihall heva tha op~ion to recefve and epply tho same on accounl oi the IndebteJ• ~ ne?s aeeured heteby or to permit ~aid MORTGAGORS to receiv~ and use lt or any parl thereof tor olher purposes, whhoul Iheieb~ waivin9 or f~npair• i Ing any equity, lien w right undcr or by virtue of this mortflage; and in tha event taid MORtGAGORS shall for any reason fail to kcep the taid preinise~ tio (nsured, or fail to delive~ promptly any of said polic~es ol insurance ~o said MORiGAGEE, or fail promptly to pay fully any premi~m theri~(or or In any f ~esp~ct fat) to pertorm. discharfle, execute, af(e~t, complelc, comply wi~h and abido by Ihis covenant, or any parl hareof, said MORTGAGEE may pl~ce a~d ` pay (or svch Insuran<e o~ any parl thereof wi~hout waiving or attecling any optiop, lien, equity, or tipht undur or by vir~ue of lhis Mo~tgaga, end ihe ' full amovnt of each and every s~ch payment ihall be immediately due and payable anJ shall bear interosl irom tho data thereol until paid at the rato of i' ~ine per tenWm per annum ansl togelher with such iMercat shall be setured by the lien of thif mortgage.` ; To perm(t, commit or sutfer r.o waite, Impalrment or deterioretion ot ~aid property or any part Ihereof. t: lncvrred or peld at ; 5. To pay all and stngular tha costs, tharges and expenses, including a reasonable atto~~ey'~ feo and cosls o( abstracts of title, ' any time by said MORTGAGEE, because or in the evant of 1he failure on the part o( the said MORTGAGOR to duly, promptly and fully perlo~m, dischargo, axaute, e(fect, complete, comply with and a6ide by eath and avery tlie ~tipuletions, agreements, tonditions, and tovenants of faid p~omissory nofe and thif ~ mortgage any ot either, a~d said costa, chbrges and expenses, each and every, ehall ba immediately due end payableJ whelher o~ not thero be no~ite do- ' mind, attempt to tolletl or suit pending; and the full amou~t of each and every svch payment ihall bear intertst ftom tho data thereot until pald at the rale of nina per centum per annum; and all said costs, charget and expenses irx~~red or paid, logether with such Interest, ihall bo ~ecured by tha lien of thi~ ~1 mortgage. t: 6. That (e) in the evenl of e~y breach ol thi~ Matgage or defa~ll on the part of the MORTGAGOR, or (b) In Ihe evanf eny of taid sum~ of money heraln referred lo be not promptly and fully paid within ihirty (30) days nexl atter the ~ame severally become d~e end payable, wiihou! de:nand or notice, y" or (c) (n tlw event each and every the stipvlations, agreement~, conditions and covenants ot said promissory note and th~s mortgage any or either are not ~~ly, promp~ly and (ully performed, d~scharged, executed, eifected, completed, compfied wilh and ebided by, then in e~ther or any avch avent the ~aid ag ~ yregate ium mentioned tn said promisswy note then remaining ~npaid, with interesl aaruad, and all moneyt ~ec~red hereby, shatl become due and pay~ i able forlliwllh, or therea(1er, at Ihe aption of aaid•MORTGAGEE, as tully and completaly as f( all of the said s~ms of nwney were o~iginelly ttipulaled ? ~t to be paid on svth day, anylhing in said promissory note or in thi~ Mortgage to the contrary notwith~tandingj and tharaupon or therca(ter at the option of ~ sf sald MORTGAGEE, without notice or dema~d, tuit at la~v or in equity, the~efore w thereafte~ beg~n, may be proieculed aa ii all money tec~re41 hereby ~ , haJ matured prior to it~ institution. . ~ 7! f 7. Tha~ ln the event tha~ et tho beglnning of or al any time pendiny any iuit upon this Mortgage, o? to fweclose it, or to reform It, or to anforto ~ ' payment of any clalms he~eunde?, said MORTGAGEE shall apply to the Court havin~: i~sisdiction thereo( tor Ihe eppointmenl of ~ Reteiver, such Covr1 shall fortfiwhh sppotnf a retefver of said morlgaged property all and ~ingular, including a~l and ~ingular Ihe income, prolits, issues and rovrnuet from whataver wurce derived, each aruf every of which, it be~ng expreisly unders~ood, is hereby mortgaged at if tptciiically ~et (orth and dettribed tn the gronting and ' habendum clauses hereo(, and such Receiver shall have all the broad and ef(ective f~nc~ions and powera in anywise entrusted by a Court to a Receiver, end tuch appointmen~ ~hall be mads by such Court as an admitted equity and a mat?er of absolute right to said MORTGAGEE, and withoul reference to the •degvaty or inadeq~aty of the value of the proptrty mortgaged or to the solvency or inaolvency of iaid MORTGAGOR oe 1he deferdants, end that such ren~s, profits, Income, issvos and revenues shall be applied by such Receiver accord~ng to ihe lien or equity of said MORTGAGEE and the practice of iuth ~ ~ CAVff. ~ ~ 8. To duly, promptly and fully perform, discharge, execute, effec?, complete, comply with and abide by each end every the tttpulationi, agreemeNs, ~ ~ tonditiona and covenants in iaid promi~sory nota and this mor~gage set fwlh. . i 9. That tn the event tne ownership of the mortgaged premises, or any part thereof, becomas vested In a person athe? than the MORTi'aAGOR, ths ~ MORTGAGEE. Ns suctetsorf and assigns, may, wi~houl ~otice to the h10RTGAOR, deal wi~h svch successor or svtcessor in iMerest ~vith referencv to thii mor~gage and the debt hereby secured in the same manner as with hlortgagor witFaut in any way vitiating or discharging the hlortgagon' Iibbflity hera ~ under or upon the debt hereby setured. No sale of the premises hereby moitgaged and no forbearance on the part of the MORTGAGEE ot its evcces~ors ~ or assigns and ~o extension of the time for the payment of the debt hereby secured given by tha MORTGAGEE or its s~ctssaori ot assign~, ihall opetate ; . lo release, discharga, modi(y change or af(ect Ihe original liability of the MORiGAGOR herein, either in whole or Tn part. . ~ 10. It Is spetifically agreed ~hat time is of the esse~ce oF this contract ond that no waiver of any obii9ation hereunder or of Ihs obllgstion so- - tured hereby shall at any Ume ~hereafter be held to be a waiver of the terms hereof or of ths tnstrument secvred he~by. ~ ' 11. In addition to the forego:n9 monthly payments oF princ:pal and interest required by the promissory note tecvred hereby, mortgagor covenanti arx! agrees to pay to mortgagee with each menthlypayment an additional sum eslimated by morlgagea to be equaf to 1~12 of tha annual tost of the follow- . ing: t i A-All rml propeHy taxes levied or assessed against the above described real eslate. . B-Premiums on fire and windstorm insurance as herein requ~red to ba carried on the improvemenls situate on the above desuibed premises. C-Premiums on s~th mortgage guaranty iosurance as mortgagee shall from time Io time deem fif to carry on tht laan iecured hereby. ' Mortgagee thall from time to time ~notify mortgagor in writing of the amouM d~e and payeblc herounder and tuch tum ihall theroupon be dus ~nd t p~yable on the due date oi tfie next monthly payment and each successive month thereaher ~ntil morigagte shal! noli(y mortgagor of a change In •uth amouM. Svch eumt ihall be applied by mcxlgagee toward the payment of real property taxes, Inwrance prEmtvmt, and mortgage guaranty tnsurenta ~ premiums. ~ r WITNESS WNER the said MORTGAGOR has hereunto set his hand and seal the dey and y r irsf aforesald. ~ g Se led d del' ered n the presence of: ~ r . ~ ~ ~lin I i ~ ~ ~a~~ ~ ' `j (Sea!) ~ i ' ;i STATE OF FIORIDA ' S5. # cour,n oF . r.,,.. • ~ ~ 1 Before me penonally ~ppeared J. r m i h R e d d i e ~nd ~ ~ n&~s ~ Reddi Gk hti wife, to me well known and known to m~ to b~ ; ~ th~ individvals desuibed in end who exatvted the foregoing Instrument, and ecknvwledged beforo ma that they execWad tFro same for the purposet ; ~ lhereln expressed. Md the •aid~tL~S~ R p~'; ~ l' iL - ; ~ wite of the :a~~ Jeremi ah Reddi ~ ~ , upon a ieparit~ snd prtv~t~ ` examination by me taken separote and apari from her said husband, eckrwwladged to ans! before me that she exetuted :aid instrument f?eely and volun- ' ~ ~ t~rily and without any compuli~on, comtraint, apprehentio , or fear of or from her said band. ~ ~ • t WITNE55 my hand and offlcial scal thi day o Decemb A, D. 19~ ~ . _..~~~~1Jf1 ' • ' ~ ~ h" ~ , • ~ ' t~lotary Publtt in •nd for tM Sr~i?o~.FlcttO~•a~j~ , f : ~ ~32~~~ My Commiision explres: ^ ~ S-r'• ' ~ > ~ R~tum To: • ' ~4 . % J~,; : ~ 3 \1~~~~- : i j Firtf f~dsr~) Savinys 3 Loan Association ~ ; • ~ . : . ? 'S rn . . . ~ ` ' pf Fort Plerce. ~I~~D, A~lD RE ~ : ~.r _ , : = ; ~ s Fort Pierce. Florida ~ 1 • ~4~(~ Notary Pub~'~: 8L j:d~ j ~ . . ~ ~~,fi at IZ~~.BD~~C : ~ ~ My Commis..~ -r . ~ ~ Bonc'.ed by ::%O~Z~Surety Co..o~~i:,Y. ~ ~ . 3, ~ 5 , . . ; ~ .f . ~ 1964 D~C 31 ?M ~ . ) ~ 5 CtEAK . F. , . , t, . , : . : . ROGER P01TRA'. f~~ . o~'. t~ •t'~-- ti~•' $ lUC1E CQU11jY, FLORID : . ~ ~ ~a~~~~+~' ~ 1 ~ T• - . ~ . •c . ~ ° r~ ~x~`~'?~r . ) ' ' t . . ~~~~r#{~~' : ~±~RK ~.07 `~GE~O6 ~ ~ . : ~ ~ . : , - , _ . ~ . , ~ ' - i ~ ' ~ ' ~ : .y¢ "'M..M....•~'' ~ ~ • ~ ~ , 0•/ ~ _ - ' - -