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Home My WebLink About0646 ~ 3. 10 olace and continiwusly keep on the bui!dings now or hereafte~ s~ruate on said ~and and on a~l equipment and psrsonalty covered by thi~ m6rig• e9e, with all ptemiun~ thzteon pa;d in (u~l, Gre inwrante in the ~sual standard policy fo~m, ~n a s~m approved by th~ h10R:GAGE:, and ~vindsto~m insurance in Iha ~sual stand3rd pof,cy form, in a sum approved Gy the h10RTGAGEE, in such company ar companies as the MORTGAGEE may d~rect; and all fire and w~ndsrorm insurance pol~ues on any of said 6uild~ngs~ any interasi therein or part thereof, in fhe aggregate sum aforesaid or in extesf Ihereof, shall contain Ihe usuai atandard mortgagze cia~se o! sucF~ o~her clause as the hlortgagee may requ~re, making ~he loss under said poli- cirs, each and every, payab!e to said h10RTGAGEE as i1s intrrest may appear, and each and every such po!icy 3ha11 be promptiy ais gned and daiivered to eny hefd b~ said h10RTGAGFE as turther security to sa~d n:ortgage debt, and, not less than ten (10) days in advance of the expirat~on oi each pollcy, to de- liver to said AIORTGRrFE a renewal thereof, together with a receipt for ~he premiun of wch renewah, and there shalt be no fire or ~vindsto~m insurance placed on any of said buifdings, any interesf therein or part the~eof, unless in the forin' and ~vith the ~oss payab!e as aforesaid; and in the event any sum of mo~ty b~comes payable undrr such polity or policies sald h10RTGAGEE shall have the option to teceive and apply tha same on accouM o~ the indebted- oess secvred hereby or to permit said h10RTGAGORS to reteive and use if or any part th~r~oF tor ortle~ pur~~cses, vnthout th~r. bi .vaivin~ or impair- ing any equ~ty, licn or rlght under or by virlue of this me:tgage; and in the even~ sa;d hIORTGAGORS shal) {or any reason fa~l to keep the said premises so inwred, or fail to deliver promptfy any of said pol~cies o( insurance to said h10RTGAGEE, or fail promptly to pay fu(iy any premium therefor or in any resped (ail to perform, discharge, execute, e(fec~, comptete, comply with artd abide by this covenaM, or any part h~:reof, said MORTGAGEE may pVace a~~e + pay (or such insvrance or any part thereof w~thout watving or aifeciing any option, lien, equ~ty, or r~ght under or by virtue of this t~lortyage, aiid the . full ~mo~n~ of each ar.d every such payment shall be immediately due and payable and shafl bear interest from the date tt,ereof unril poid at the rate ol nine per ceMUm per annum and to~ether w~th wch interest shali be secured by the Gen of thu mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singular the.costs, charges and expenses, induding a reasonable attorney's fee and costs of abs~racts of t~tle, incurreJ or paid at any time by said MORTGAGfE, becaus~ or in the event of the fa~lure on ihe part of the said hiORTGAGOR to duly, promptfy ar.d fu11y pe~fo~m, discharge. execute, effet~, tom~lete, tompty w+th and ab;de by each artd every the st'rpvlations, agreements, conditions, and covenants of said pramissory note rnd this mortgage any or either, and sa:d costs, tharges and expenses, each and every, shall be immedialely due and payabte; ~n~heth~r or naT there be notice dz mand, attempl to toflect or svit pending; and the full amount of each and every such payment shall baar inte~est from fhe date thereof until paid at the rate of nine per centum per annum; and all said costs, charges and expenses incurred or paid, together with suth iMerest, shall be setured by the lien of this mortgage. 6. That (a) in the event of any breach of this Mortgage or default on ~h~ part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptry and ~ully paid ~vithin thirty (30) days next after the same severally betome due and payable, without demand or notice, or (c) ir~ the eve~t each and every the slipulations, agreements, conditions and covenants of sa~d promissory note and Ih~s mortgage any or either are nol ~uly, promptly and fully performed, d~scharged, executeJ, effected, compteted, complfed w~rh and ab~ded Sy, fhen in e;ther or any such evenl the said ag- gregate s~m mentioned +n said promisso~y note then remaining unpaid, wi'h interest accrued, and a11 moneys secured hereby, shal) become due and pay able forthwith, or ~hereaTter, a1 ~he optlon of said hIORTGAGEE, as fully and coniple~cly as if all of ihe said sums of mcney we~e originalfy sNpufated to be paid on such day, anylhing in sa:d prom~ssory note or in rhis h~ortgage to the tonlrary notti~~ithstanding; and thereupon or thereafter at the option of ~aid b50RTGAGEE, without notice or demand, suit at la~v or in equity, IhereFo:e or thereafter begun, may be prosecuted as if all moneys secured hereby had matured prior to its institution. 7. Thal in the event that at the beginn~ng of or at any time pending aoy s~it upon this h'tortgage, or !o fo~eclose it, or to refo~m it, or to enforce navment oF anv claims hereunde:, said 1,50RTGAGEE shall apply to the Court havir,g jur~sd;ction thereof for the appomtment of a Receiver, such Court shaH Fortfi~vith appoint a receiver of said morfgaged property a~i anti sinyuiar, u~t:vG~~~y a~ a;;c ;;;;yuiac ~r_~;?;, --c? r.__ ._~s ,+,o~^ •,.hateve• source derived, each and every of wh:ch, it being expressly understoad, is hereby mortgaged as ;f spec~(ically set forth and described^in the graNing and habendum dnuses hereof, and such Receiver shall have all the broad and eifective fu~xt~ens and powers in anywise entrusted by a Court to a Receiver, and tuch appointment sha11 be made by such Court as an admitted equity a~d a matter of absolute right to said MORTGAGEE, and without reference fo th2 adequaty or inadequacy of the value of the p~operty morlgtged or tu the so:ven~y or i~solventy of said MORiGAGOR or the defendants, and that svch rents, profits: income, issues and revenues shall be applied by such Receiver accordins to the lien or equity of said /~10RTGAGEE and the practice of such Court. 9. To duly, promptly and fulty perfarm, discharge, execute, eFfect, complete, comply with and abide by each and every the stipulations, agreemenls, c,,.^,~i;,,,,,. „n~ ...._.._n+s sa+~ ~~nmitso~v note and this moriqage set forth. 9. That i~ the event the ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a parson other than the MORTGAGOR, ihe h10RTGAGEE, its svccessers and ass~gr.s, may, without notite to the h10RTGAOR, deal with such successor or successor in interest with ~eference to this mor~gage and the debl hereby szcuied in the same manner as with A.lortgagor w~thout in any way vitiating or d~scharging the Mortgagors' liability herr vnder or upon Ihe debt hereby aecured. No sale of the premises hereby mortgaged ar,d no (orbearance on the part oF Ihe 1'.10RTGAGEE or its successors or assigns and no extension af the time for the payment of the aebt hereby secured given by !he A',OR7GAGEE or its suctessors or ass~gns, a~~all operate to ~elease, discharge, mod6fy change or affect the or~ginal IiabiGty of the ~.104TGAGOR herein, either in who~e or in part. )0. It is specifically agreed that time is of the essence of lhis contract and that no v~aiver of any obliqation hereunder or of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver of the terms fiereof o~ of the instrument secured he~by. l l. In add:t;o~ to the forego:ng monthly payments of princ'p~l and interesf required 6y the promissory note secured hcreby, mortgago~ covenants and agrees to pay to mo»gzgee with each monthiy payn~ent an add~rional sum est~n:ated by mortgagez to be equal to 1,' 12 of thc> annual cost of the follow- ing: A-All real property taxes levied or assessed ag~i^~s! the ahove d<suibcd real estate. B-Premiums on fire and ~vincistorrn insurar.ce as herein requ:red to be carried on the ~mproveme~ts s~luate on fhe above described premises. C-Premiums on sych mortgage guaraNy insuracce as morigagee shall from lime to time deem fit to carry on the loan secured hereby. ldortgagee shall from tim= to tme noti(y mortgac~or in vniting of the amoun! due and payahle hereundar and svch sum shall thereupon be due and payable on the due date of the next mo~thly payment and each successive month thereafter ur~Nl mortgagee shatl nofify mortgagar of a change in such amount. Such sums sF.afi be apptied by m.ertgagee toward fhe paymenr of rea! property taxes, insura~ce prem;ums, and mortgagp guaranty insurar.ce premiums. IN \YITNESS 4'~HEREOF, the said 1'AORTGAGOR has hereuntp set his hand and seal the day and ar first afo:esaid. ~ . _--~ned~ted an~,. eliver in the ,qresence of: , - ? ~ t ~ s~ (Seal) ~ ~ (Seal) - (Seal) - (Seel) STATE OF FLORIDA . _ ~ r - - ? ~ S$- C~Nrr QF ~.J~111L iiu~ii,r.av ~ Before me peraonally appeared BF'-2'I11G9 D. Jenkins . A free Ci~~2' ~ ~ir r~ife, to me well known and known to me to be the individ~ s described in and who executed the foregoing instrument, and acknowtedged before me tha~t ~ executed the same for ihe purposes therein expressed. A~+ci-the-»id ~RIffE ~~ih@"l3ia ~opOfra separrrferoRCE-prirel4! exmtfiatfirrby~rrte~aRen•sepa?a~r~and aparr fr~fl,~ft~rsafi fiJStsaml-~staWt~S~'~d'fa arstl'Ut~SQf€ R1~tf's3T 3hZr ~~fOf€A~SSB 4hsrrorr~~rrrfeeety~and~ eotvn~ !!t tty'~dnd~ 7~tfA 0U'r RY,f tITTpUIsI'?T <TIRSTT 8'4r2r 'L ~f1i44f2TfStDR, 'pt" t2 dT 'Of' Of'ftIIrtr M9T SS it} 11JS~ fTd. , ~ LL WITNESS my hand and offic;at sea( this day of , ~ A. D. 19..S~S~ c`~'~/ ~ 3 Nota~y Aubl+c in and (or ihe State of Floridn at large ~ My Commission ezpires: Return To: first Federal Savings ~ loan Assotiafion •A~D E Rp~p K f~tary F~~';t, 5}2t^_ J; r( r• ~~,t 4 - Of Fort P~erce. fI` ~ R C 0 ~ Y C~r;r;;~i;,: ~ Lar e EC) _...8 F:r._:i , e r~~•r. 3, i4,9 Foer P~:rce, Florida -~(L! * ~ ' . f - • t 1~{~ ~ ~ / ' , 'r ~ ' - ~5 ` ~ : r ~ . ~ - : ~ ; , ~t~ 1 p Pt~1 3 . _ : ~ - . _ ~ ~ ~~~(1•~' :i~;°,~ .-t - - _ ~ ~ c K _ . _ _ _ ~ ~uc;~;~. ~~~~~'~~o~;•s ~ Y. ~ : , ~ : j..... L ~Lp;R?D~ ~ _ _ ' ~ ~ 80Q~~~^--- -~-r ~ • ~ ~ • BOOK ~ ; ~ ; ~ ~ ~