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HomeMy WebLinkAbout2026 ~ 1 ~ 3. To place end cc~?in~ovsly keep on ihe bui!din~s now or hercaftar titvete on faid and and on ali rqui,nment and parso~el~y covered by th?s mortg• ~ ~ge, ~~i1h all FremE~m3 Ihereon pa~d in (uli, (ire tnsuranca in Ihe ~ivel ~~enda~d poticy (crm, in a sum ep{xoveJ by ~ht MORIGAGEE, and winditorm . foluronte in 1he uwal standard pofty form, in a wm apptcved by the MORTGAGf.E, in avch tompany or compmiet a1 Ihe M~ORIGAGEE nay ~i~ ~ direcl~ and ali firo and windstorm inw~ance policiei on ~ny of seid b~itd~ngs, an~ Inleresl therein o; perl thereof, in the eggrogaie ~~rn aforeseid cr in excess lhereof, ~hall contatn Iha usual slanda~d mort9agee cle~~se o~ wch other cl~use as tha Mortgagae may require. making 1ha los~ u~der ~a~J poli- de~, each eixl every, pdyab!e to seid MORIGAGEF, as iti imereit may appear. ~nd each ~nd every wch po!icy sha11 be promptly eu ~ned a~d delivered 10 •ny helc+ by said MORTGAGEE as furtfier security to aaid ~rortgage debt, and, no1 lesc the~ tan (10) days in advence of Iha expiratio~ of each policy, to ~1r ' Nvar fo ~1aid MORTGAGEE a renewal Ihereof, together witli a receipl for Ihe premivm of wch ~anewal; and there ~hall be no iire or windstorm insvrance • piateJ on a~y of safd b~ildings, any intcre~~ therein o: part thQ. ~ unlesi In the form and wi~h tht los~ payable at a(oreseid; a~d in the event any sum ` oi money betomes psytble vodtr ivth polity or poGcios taid MOl.~vAGEE sh~ll have ~he optlon to rcceive a~d apply tha samo on eccoun~ o( thz indebted• oes~ sec~red htreby or tn permit said MORTGAGORS Io receive and use it or any parl thereof (or other pu~pofes, ~vithout ih:rel•~ waivi~~g or ~~e~pair- ~ i~g any equity, lien or right under or by virtue of thit mortga~e; and in Ihe eveM tn~d h10~2TGAGORS shall fo? any reason (ail to kcep thc said p~emises sc . _ Insured, or fail to deliver promptly any of ~aid pol~tie~. of insuranca to said MORTGAGEE, or fail prompNy to' pay fully any premium Iheretor or in a~~y ; respecl fail to perfo~m, discharge, execute, etfett, comFlota, comply with and ablda by thii tovananl, or any part h~reof, satd MORTGAGEE may place and ~ pay for svch tneurence or any part theteof without walving or affecting any option, lian, equity, or right under or by virfue oF this Mort9age, ond the t full amovnl of each and every s~ch payment shall be immedietely due and payablo and sha11 bear interest from the date thereof until paid a1 the rate oi , ~ n(ne per centum per annum and to~ethrt with such intereu shatl ba secured by the lie~ of th~s mortgage. , ~ To permit, commit or s~f(er no waste, impairment o? deterioration of taid property or any part thereof. 1 5. To pay ell and si~9ular the ccsts, chnrge~ and expenses, including a reas~~ab!e attorney i fee and cos~~ of abs~racts of ~itle, Incurred or pai~i al any time by said MORTGAGEE, because or in the evenl oi the fail~re on Ihe parl of 1he aaid MORTGAGOR to duly, promptly and fully perform, d~schdrge, ~ execute, ef(ed, compkte, compty with and ab;de by each and every the stipulations, ag~eemems, conditions, and covenaMS of aaid Fromissory ~ote and ~h~s ; mo~tgage eny or e:ther, and said cos!s, chargc~ and expenses, cach ans! every, shall be immedietely due and payable; wheiher or not Ihere '.e noticr de ~ mand, ettempt to collect or s~ir pe~d~n9j and tha tull amovnt oE each and every such payment shall bear 's~terest trom 1Ae daia thareof until paid at the . rote of nine per cenl~m per an~ium; and all said cosls, charget and expenses i~turrod or paid, ~ogether w~th tuth interest, fhall be sx~red by tha lien of thi~ i mi;rtgage. . i, b. That (a) in the event ef any breach of this Mortgage o: default on the part of the MORTGAGOR, or (b) in the event any of ~aid svms of money j herein reTerred to be not promptly and fully pald within thirty (3J) days ~ex1 after the umr severally become due and payable, wilhout demand or ~otice, or (cy In ttia event each and every the stiputatians, agreements, cond~tions and covenan~s of said promissory no~e and th~s mortgage any or ei~her are nof ~vly, promptly and fully performed, d~scharged, exec~ted, eifeded, tompleted, complied with and abided Sy, then in either or any svch event 1he isid ag~ pregate sum meMioned in said promis:ory ~ote then remaining ~npaid, with interest acu~ed, and atl moneys secured hereby, shall b.:come duR and pay able forthwith, or thareafter, at the option of said MORTGAGEE, as fully and completely.as if a!I of the said sums of monry were.originally stipulaled ' lo be paid on wch day, anything in said promissory nofe or in this Mortgage to the coMrary notwithstanding; and there~pon or thereafter at thr option of said MORTGAGEE, without notice or demand, suit at law or in eqvity, therefore or thereafter beg~n, may be prosecuted as if all moneys sec~red hereby had malured prior to its institution. _ 7. That t~ the event thal at the beginning of or at any time pending any svit uFon this Mo~tgage, or to foreclose it, or to reform it, or to rnforce payment of any claims he~eunder, said MORTGAGEE thall apply to the Covrt having jurisd~ttio~ Ihereof for the appointment of a Receiver, such Court shall _ forthwith appoint a re~ei~er of said mortgaged property all and sing~lar, inclvdmg all and singular the income, proflts, issues and revenuei from whatever ' source de~ived, each and every of which, it being expressly understood, is he~eby mortgaged ai if spec7fically.set foHh and detuibed in the granting.and ~ habendum clavses hereof, and such Receiver shall have all the broad and ei(ettive funct~o~s and powers in anywise entr~sted by a Courl to a Receiver, and " iuch appointment shall be made by such Court as an admitted equity and a malt~r of absol~te t~gh1 to said MORTGAGEE, and without ~eference to the adeq~acy or inadequacy of the vatue of rhe property mortgaged or to the soivency or i~solvency o( said MORTGAGOR or the defendanls, and that such rems, profits, income, issues and teverues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE end the proUice of such _ Court. . - - ~ + - 8. To duly, promptly and fully porform, discharge, execute, effect, complete, comply with and abide by each and every Ihe stipulations, agree~*+e~ts, f. conditions nnd covenanls in said promissory no:e and Ihis mortgage set forth. . 9. That in the event the ownenhip of the mortgaged premises, or any part thereoF, becomes vested in a ptrwn other than the MORTGAGOR, the f MORTGAGEE, its successors and assigns, may, withovt notice to the MORTGAOR, deal w;~h such successo~ or successor in interest with reference to this ; mortgage and the debt hereby sec~red in the eam-a manner as with lAortgagor without in any way vitiating or d:scharging the Mortgagors' liabitity here- _ under or upo~ tha de6t hereby sec~red. No sale oi the premises hereby mortgaged and u. forbearance on ~he part of the /dORTGAGEE or ies :uccessors ' or esiigns and no extension of the tinw for the paymem of the debt hereby secured given by !he MORTGAGEE or its successors or_ assign~, shall opera~e ~ lo release, discharge, modify change or affect 1he original liability of the MORiGAGOR herein, eilher in wholc or in part. ir ~ 10. It is specifically agreed that fime is of the essence of this contracl and that no waiver of- any obligation hereunder or of the abligation so- j tored hereby shall at any time ~thcreafter be hcld to be a waiver of the te~ms hereof or of the instrumenf secured he~by. 11_ In add~tion to the forego'ng monthly paymenls of print:pa) and interest required by the promissory note secured hereby, mortgagor tovenants and agrees to pay to morfgagee with each momhiy payment an add~rional sum est~mated by mortgagee to be equal to l%12 of the annual cost of the follow- ~^9: ' . . A-All real property taxes levizd or assessed against thc above desuibed real estate. - B-Prem~um's on fire aod windslorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above d:scribed premises_ C-Premiums on such mortc~a~e guaranty insurar.ce as mo:tyagee shatl (rom t=me to time~deem fit 1a carry on the loan secuied hereby. Mortgagge shaU from time to~timc notify mortgagor i~ writ~ng of the amount due and payabte hereunder and sucfi sum sfiall there~pon be due and : payable on the due date of the next monthly payment and each iuccessive month thereafM~ urtil mortgagee shall notify mortgagor of a change in svch - am:~unt. Such sums shall be applied by mortgag?e toward the payment of real property taxes, insurante em:ums, and mort~aye guaranty insurante pr~miums. - . - ~ - _ IN YlITNESS WHEREOF, the said MORSGAGOR has hereunto set his hand and seal the day and .ye irst aforesaid. ~ Sgned, Sealed and defv in the presence of: ~SyLEd ~K(}}tEGpRDEp - ~~J - ~ iT. iiCiE COUMTY f LA. d.-,~ W, ~---y s~ q - € ~ ~OCE~ POITAAS G r Lon ~ ClERK CIRCUII` CQUAT (Seaq _ ~ i [2 r~r~rt~ ~ )Ct~•Lf~~~.~ RECORD l?ERtFIED B~C ~ (5eaq . ! ~ enda K. Long _ (kai) - STATE OF FLORIDA _ ~ ~ I 1 t 1 i2 AN 75 ( ~ u. ~ - 31.04°74 - € COUtJTY OF ` St L uc ie _ - ~ Before me parsonally aP~a«d ~ George LV. ~.OAg and ` _ Glenda K. Long t,~s wife, to me well known and known to me fo be ~ the individuals described in and who executed the for oireg insirument, aad acknowledged before me that they execvted the same for the purposes t. fherein expressed. And the said ~ ~lendd K. Gong - • wife of the said George W. Long ~ - ~po~ a separate a~d private ~ - examination by me taken separate and apart from her said hosband, acknowledged to and before me that she ezetuted said instrument freely and votvo- ? larily anc! w~thout rny compulsion, constraint,- apprehens~on~Qp, fear of or from her uid husband. WITNESS my hand and official seal this l~ day of JunE A. p, 19 75 - . Notary Public in and~ or the . ate of Flwida at Large ~ ~ . ~ A1y Commi:sion ex¢ires: - 4~ Retum T~: - - - First Federal Savings 3 loan Association ~ Of Forr P~erce. . NOTARY PUELIC. STRT~ 01 FLQ°ID~ at UlRfif ~ Port Plerce, flor)da ~Y CO'~::ISS'•0`i EXPinES Jkt~. 7. 1911~ ~:.'~==c3~~ -_3=,. ~ _ ' ~Q~i:d By_ F;.T.Eticatt dar.%6ts IR;urane~ Cit':'_" ~ - - . t. - - 'i _ _ r ~ ~ - - .~~~~~i i fit~/,~~~f ~ . - ,~~-i ~ _ /i~1;-~~ ~ F This Instrument Prepared By Gary F. Ellwood . - ~ • # ; `f`E j; _ _ First Fed~ral Savings 8~ loan Associatio~ - ~ = ' ' ~r_ . - ~y . ~r - of Fort Pierce, .F lor ida - _ _ ~ ; ~ _t~;. ~ . ~ ~ ; ~ . ~..t =:;a:„;;=., P~- ; - ~ ~ Checked B - _ - - - - ~ : ~ ' ~ Y ~ • = ~~~3 : . ~ - BooK240 ~025 ` ' :::Q u.~-.-~ PAGE , • • ; s~.# ~ . ` 51'i14~~~Q ~ ~ ~ ~ sh