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Home My WebLink About1972 _ t ~ ; , • 3. To place artd co~tlnuousty keep or~ the bui!dings now or ha~ea(ter ~it~ate on said I+nd and on all eqv~pment an~ pmsonel!y <ovued by this mwtg• ags, with a11 pr4mit~ma Ihercan pa~d in (ull, (~re Inevrance in Ihe ~tual ~terxlard poilcy iorm, irv a wm epproved by ~ha ti•OR~GAGEE, bnd windslorm ~ (ntu?~ncs in Ihe ~tu~l ~~endsr.~ polky form, fn a tium approved by the MORIGAGEE, in such tompany or t~mpa~ias es tha MORTGAGEE may di:ac~~ snd ali (Ire end winditorm in~u~ance polic~e~ on sny o( said buNd~ng~, ~ny tntcres~ thereln o~ pe~t iheroof, tn the eggregate t~m aloro~aid ar In exces~ Ihe;eoF, ihali contaln ihe usval ~tandard morrgeges clsuse or s~ch o?her clause at the Mortgageo may requirs, making tho losi ~nder caiii pol{- ~a ` de~, each ar~d every, payable to said IdORTGAGEE ai itt intare~t may appear, and each a~d every sVCh policy shal~ be ~romptly b~s:gned and delivered !o . sny held ty said MORTGAGEE as further security to taid mwtgage dEbt, and, n~l le~s Ih~n ten (10) dayt in advance of the expirat~on o( trch policy, to da ~ Itve~ lo ~eid MORTGAGEE e renawai th~reof, togetlier wHh a retaipt tor the prernium of wch tenewalt and ihere ~hall be rtc+ f~re or wlnds~crm insurance • plated on any of :eid buildings, sny interost there;n w p~rl the~oo~, unlesi in the (orm and witF? the losi payabie as aforetaidj and in Ihe evcnl any sum ~ : of money becomes payable ~nder iuch policy ar poli~i~~ ~aid MORTGAGEE shall have ~he option to receive end apply Ihe same o~ accov~t of 1he indebted- ness secu~ed hereby or to permit ~aid MORTGAGORS b receive and use it o~ any part thereef ior othe? p~<<wses, without th>reo/ ~-~aiving ur unpair- ~ ~np any eqvity, lie~ or ~igh1 under or by virtue of ihis ma:tgage; and In ihe evem iaid MORTGAGORS shall for any reasan fai! ketp the stid premiscs so c'.'. _ tnsured, or fail to deliver promptly any of satd pol~cies of i~svrence to iatd MORTGAGEE, or fai) promptly to pay tully any prrrnium Iheraior or in any ~e~pect tail lo perform, d~scharge, exec~te, elfecl, complete, comply wi~h a~d abide by thfs covenant, or any pa~t herec~, said MORTGAGEE may place and ~ - pay fa such iniuront~ ot sny part the~eof wiihoul waiving o~ sftating any oF11on, lien, equiry, or right undet or by virtuo of thii Mortgage, and the ful) amounf of each and evary wth payment shal! be immcdiately due and payable and 3hal) bear Intatesl (rom tha date ihet~of until p~id at the rate ot nine per ce~tum per ann~m and to~ether with tuth interes~ ahall be ucured by ihe lien of this mortgaga. ~ 4. To permit, cammit w suffer no wa~te, impatrment or deterioration of taid prop~rty or any part thereof. S. To pey all and sing~tar the coits, charge3 and expenses, Intivding A reasonable attornay's (ca and cosl: of abstracts ef title, incurred or paid at - sny t?me by said MORTGAGEE, because w in the event of Ihe fsil~re on the part of the satd MORTGAGJR to d~ly, promptiy and fully perform, d~~charge, exetuta, effect, complete, compty w~th and abide by each end every Ihe stipu!ations, agrcements, conditions, anci covenants ef said promissory note and thit mortgage •ny or eithe?, an~ ~aid costs, charges and expenses, ea~h and eve~y, ihall be immediately dv~ and payable; wfiether o~ not there bo notice do- mand, anempt to cellect or sui: pend:ogJ and the fvll amouN of each and avery wch pa~ment ihall bear imere:t irom ~he date the~e~f ~ntil paid at t6e , rate.of nine per cen~vm per annum; aod all •aid casts, charges and expanses i~c~rred or pald, togel!wr with tuch interest, thall ba sacured by tFur lien of this mortgage. - . 6. That (a) in the evenl of any brench of this Mortgape or default on Ihe part of the MORTGAGOR, or (b) 'n the evenl eny of said svms of mo~ey herein referrecl to be not promptly and f~lly paid withtn thi•ty (30) days next ai1e~ the same severally become d~e and payabte, wi?hout demand or notice, or (c) in the even? each end every the atipvlations, aQreementi, cond~tions and covensnts ~f ra~d promissory nota and th~s mortgage any or .either are no1 ~uly, p~omptly and fully perfotmed, d~scharged, executed, effected, tompleted, complied with and abided by, then in either o~ any tuth event the iaid ag• pregate ivm men~ioned in said promiisory nose then remaining unpaid, with interesl accr~ed, and all moneys secvred hereby, shall become due and. pay , abte forthwith, or thereafter, al the c+pfion of said MORTGAGEE, as fully and completely as if all of the said svms oi money were originally ~tiputated : fo be pa~~ on wth day, anything in said promissory noto or in this Mortgaga to the contrary notwithstandir?g; and therevpon or the~eatter at the opt+on of said MORTGAGEE, without notice or demar.d, suit at law or in equity, thcre(ore or thereafter begun, may bc prosecuted as if all moneys secured hcreby j _ had .natured prior to iti inslitution. ' . ~ 7. That in tFa event lhat et the begin~irtg of or at any °ime pending +ny a~it upon this Mortgage, or to foreclose it, or to ieform it, or to enforce - _ payme~t of any ctaims hereund.r, said MORTGAGEE shall apply g jurisdiction thereof for the appointment of a Receiver, such Cou~t shall tlr Covrt havin i' - For~hwith appoint a receiver of said mortgaged property all and s'n~ullr, inctud~ng all and singular ~he i~.ome, proiits, issurs a~d ?evenues from whatever - source derived, each and evrry of whicfi, it being expressly vndYSto~d, is hereby mortgaged a: if tpeufically set forth and detcribed in tha granti~g and ~ ~ habendvm da~ses hereof, and su<h Receiver shall have all the bre~o and effective f~nctlons and power• in anywise entrusted by a Cour1 to a Receiver, and ~ such appointmenl shall be made by such Court ai an admitted eq~ity and a mat~er of absolute righi to said MORTGIIGEE, and without rofere~ce to the adeqvacy or inadequacy of the value of the propert; mortgagcd.or to the solvency or insolvency of ~aid MORiGAGOR or the defendants, and that such ~ ~ems, profit:, incomq issues and revenues ihall be applied by wch Receirer according to the lien or eqvity of said MORTGAGEE and Ihe practice of such Court. _ ~ _ ~ • - ~ ~ ' 8. To duty, p?ompNy and fully periorm, discharge, execute, effect, mmplete, compty wilh ~nd abide by each and eve~y the stip~lnlions, agreemenls, conditions and covenants in said promissory nott and this mortgage set fwth. ~ 9. That in the event the ownership of the mortgafled premises, or any part thereof, bemmes vested in a perwn othe~ than the MORTGAGOR, the ~ MORTGAGEE, its successors and assigns, may, without notice to. the MORTGAOR, deal with such svccessw or successoi in interesl with reterence to thi• mcrtqa~e and the debt hereby setured i~ the same manner as with Mortgagor without in any way vitialing or discharging thc Mortgagors' liability here- - under or ~pon ~he debt hereby secvred. No tale of the premises hereby mortgaged and n~ forbearance on the part of the MORTGAGEE or its successors " . or assigns and na extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or ;ts successora or "assigns, shall operate - 1o release, discharge, modify c:~ange or affect the original liability of the MORTGAGOR herein, either i~ whole or in part. _ ' 10. It is specifically agreed that time is of the essence of this contrace and that oo waiver of arty obligation here~nder or of the obligation ss- turcd hereby shall at any time thereafter be held to be a waiver of the tetms hereof. or of Ihe instrument secured herby. - l l. In add~tion to the forego;ng monthly payments of princ'pal and interesl req~ired by the ptomissory no!e secured hereby, mo~tgagor covenanis and agrees to pay to mortgagee vtith each monthly payment an additional~sum estim~ted by mortgagee to be equal to 1/12 of the annua{ cost of the follow- ~^9° - . ' . - A-All real property taxes levied or assessed a~ai~st the above deuribed real estate. - ~ B-Premiums on fire-and windstorin insurance as herein reqv~red to be car~ied o~ the impro+emeals sit~ate on the above desulbed premises. _ C-Premiums o~~ such m~fgage g~aranty ina~rance as mortgagee shall irom tlme to time deem fit to carry on the loan secured hereby. _ - - Mortgagee shall from time to time notify mortgagor in writing of thr amoun4 due and payable hertunder and such sum shall there~pon be due a~d payable on the due date af the next monthly paymenl and each successive month thereafter ur,til mortgagee shall notify morigagor of a cfiange in svci~ amount. Such sums shall be applied by mortgagee toward ~he payment of reat property tazes, ins~rance prem~~ms, and morigage guaranty insvrance premiums. . ' IN WITNE~ WHEREOF, the said MORTGAGOR has herevnlo set his hand a~d seel the day and yea first ores id ~ . ^ ~ah ~ Signed, Seated and delivered in the presence of: _ - _ - ROCfR r01TtRA~~T e e H lark - cseaq - ~ Ctf ~K ClRCW (Sea~y ~ ~ ~ AF~OR0IIERIFiEC~ . aY - - ' . (Seaq STATE OF FLORIDA ~ I~ - ~ 4~.~ _ i couNnr oF St . L.uc ie ~ ~ ,a~"'~1.~~ - ! Befwe me perionally appeared ~Ierl@ H. Clark and L. Sue C la~k - his wife, to rre well known and known to me to be , ~ the indvidaals described in and who executed the fwe9oing instrument, and acknow!edgerl before me that they executed the same for the purposei therein expressed. And the said L. Sil@ Clark - wife of 1he ~~d ~ Merle H. CZs3.r~C vpon a separr+e snd privat~ examination by me taken separate and apart from her said hu4band, acknowledged to and beiore me thal she executed said instrument freefy and volun- - tarily and without any co--~p~lsion, cons?roint, app~ehension, or fear of or~f:om her said husband. - WITNESS my hand and official seal thi~ - ~3 ~ day of ~e A. D. 19~_ _ . - - - ti-~~. - _ _ - _ Notary Public e for the State of F{orida at large = _ _ , My Comm~ssi ~ ~ret• - , - - Retum To: . . _ Fint federal Savingt b Loan Association Notory Pu~bltc, Sta19 6f FlOridd CI La~qe Of Fort P~erce. . • ~ f~1y Comm~ss~o+~ Fxpires 3ufy 22, i977 - fort Pierce. Florida~ Gunded by h.z,rrican fire d. Cosvalty Co. - - , . " _ ` - _ ,~.~;t~t . i - ~ . . . ~ _ . . . . . . _ ~ ~y~r~ T ~ t ~ . _ ' - F ~i il ~~3s, - _ _ _ ~ _t ~4'~ 4~':t` i _ ~ , ~ This Instrument Prepared 3y Gary F. Bllwood " - • ~ ~ _ §;43'` ~ L . First Federal Savin s 8~ Loan Association _ ~ ` ~;`~}*'r,• : 9 _ _ ~ ~ v . ~ _ - ~ ~ of Fort Pierce, F lor ida ~ . : i . , - : R Jli. V ~i ~ ~ d00K2~0 PACf~9?~ ' , . ` c~ r Checked By , a;~ .(e . Y¢; : _ .f;,~: /U,,:a:; ~ j~ , ~ : - . 3~'`a f_ • ~ . . • ' J l,~ 1 ~ ~ ~ . ' . ~ . . . _ ;'~~x~~~~~~~~~~,1~``, ' . . , . . . _ ~ _ . sr'-~ . ' " _ . . _ . , ~ _ $ tl t~