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Home My WebLink About0932 3. To plare and con~inuous!y keep on ihe bui!dii.gs no.v or hereat~er ~~tuaee on sa~d land and on al; equipment anJ personally covered by this mo;ty ege, w~th ali premiunn thereon pa:d in full, f~re inse~ance ~n ~he usuai standard policy form, rn a wm appro•+ed by the h50Ril,AGEE, and windstorm inwronce in tF~e usual s~andard poCcy torm, in a s~~m approved by the AtORTGAGEE, in such company or companies si 1he A10RiGAGEE may direc~; and al) (ire and w~ndstorm insu~ante po'~ties on any of s3id build:ngs, any interest therein or part thereof, in Ihe aggregatz sum afo~esaid or in excess the~eof, shail coMain the usual standard mortgagee dause or such other clause as ihe Mortgagee may requ~re, making rhe lo~s vnder sa~d pn!i- cies, each and every, payable t~ said hiORTGAGFE as ~ts interest m3y appear, and each and every suth po!icy sl~afl be promptfy ass gned and delivzrecl ~o eny held by 3aid 1.'IORiGAGfE as further security to said mo~tgage drbt, and, not less than ten (10) days in advante o~ fhe expiratlon o( each policy, fo dr- liver lo said A10R1GAGEE a rene•.~•al Ihereof, loge~her with a recaipt for the premium of suth rene,val; and there shaU be no fire or windsto~m insurance plated on any of said 6uildings, any interest therein or parl thareo(, un!esi in the form'and ~vith tha loss payzble as aforesaid; and in the event any sum of money b~comes payable under such policy or pollcias said MORTGAGEE shall have the optlon to receive and app!y the same on accounl o~ the indebted- ness secvrad hereby or to pe:mit said MORTGAGOFS to receivc and use it or any part the:eof for othe~ purposf•s, .v~thout th:r~~~ •.va~~~~+~ ~r ~mpair- inq any equ~ty, lien or righl under or by virtue o( ~his rno:!gage; and in the event sald A50RTGAGORS shn~l for any reason iail to keep the sa~d premises so insured, or fail to dzliver promptly any of said polides of insurence to said h10RTGAGEE, or fail promptly to pay fu!!y any premlum therefoi or in any re~pect fail to perlorm, d;scha~ge, execute, effed, complete, comply with and abide by th~s covenant, ~r any par~ hzreof, said h10RTGAGEE may place and pay for such insurance or any part thereof without ~valving or affecling any option, lien, equity, or riglit under or by virtue of th~s A1orlgage, a~~d Ihe full amoum of each and eveiy such payment shall be immediately due arrd payable and shaU bear interest from tha date lhereof until paid at the rate oi ~ine ptr ccntum per annum and to~ether with such intereit shall be securtd by the lien of this mortgage, 4. T~ permit, commit or suffer no waste, impairmeM or deterioration of said properfy or any pari thereof. 5. To pay all and singular the~costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of fitle, incurred or paid at ci~y ii ~ e by s.~:d ";^RIGAGfE, be:avs? c~ in tha evem of the faiture on the oarr o( the said h10RTGAGOR to duly, pron,pfly and fully perform, d~scharge. execute, effect, complete, comply ~v~th and ab;de by each and every the stipulations, agreements, conditions, and covenants of said promissory note ana tn~~ ~ ~„vr; - - - - - - - ~ t --*--^-r~ =~a ~v~~:• sh~u he ~,,,~„ari;rrPfv due a~.d oavabie: whefher or noi there be nor;ce da mand,~attemptvto~coltecfyor suit pend~ng; and the full~amoun! of each and every such paymem shall bear interest from the date thereof until paid at the rate of nine per cent~m per annu;n; and all said casts, charges and expenses inwrred or paid, together w~th such interest, shall be secured by the lien oi th~f mortgage. A. That (a) in the event of any breach of this Mor~gage or default on rha pzrt of the h10RTGAGOR, or (b) in the event any oF sa;d sums of money herein referred to be not proinptiy and fully paid within thirty (30) days next after the same severa'ly bxome due and paya6le, without demand or notice, or (c) in the event each and every the stipvlations, agreemeNS, cond~tions and covenants of sa:d promissory note and th~s morfgage any or either are not iuly, pro ~iptly and fully perfarmed, d'scharged, executed, e(fected, compleled, compl;ed with and ab~ded hy, then in e~ther or any such eveN the said ag- gregate s~m mentioned in said promissory note then remaining unpaid, ~vith interest accrued, and aIl moneys secured hereby, shatl become due and pay able forth~vith, or thereafter, at the option of said h10FTGAGEE, as fulty and completety as if aN of Hie sa~d svms of money ~vere or~ginalty sfipulaied to be paid on suth day, anylhing in sa:d prorn~ssory note or in this hlortgage ro the conlydry notwithsfandi~ig; and thereupon or thereafter at Ihe option of said MORTGAGEE, without not~ce or dema~d, suit at law or in equity, thereEere o~ thereafter begun, may be prosecuted as if all moneys secu~ed hereby had matured pnor to its institution. 7. That in the event ~haf at the beginning of or at any time pendin3 ar,y su~! ~pon this 1'Jlortgage, or to foreclose it, or to reform it, of to enforce payment of any dalms hereunder, said P.40RTGAGEE shall apply to the Court having jurnd:ction thereo( for the appo~ntment of a Receiver, such Court shall fortfiwith appoint a receiver o( said mortgaged properly ali and singu!ar, in~(ud~ng all and singular the income, pro(its, issues artd revenues lrom whalever ~ource derived, each and every of ~vhich, it being expressly understood, is hereby mortgaged as if spet~fically set forth and destr~bad in the granting and habendum clauses hereof, and such Receiver shall have all the broad and eifecriae funcr:ons and po.vers in anyw~se entrusted by a Court to a Receiver, and :uch appolntment shatl be mad~ by such Court as an adrr.itted equity and a matter of absolute r;ghr to said h10RTGAGEE, and ivitlioui refererce to the adequacy or inadeqvacy of the val~e of the property mortgayed or to the so~vency or insotvency o( said h10RTGAGOR or the defendants, and ~hat wch rents, profits, income, issues and revenues shall be apptied by suth Receiver accord~ny to the lien or equity of said h10RTGAGEE and the pract;ce of such Court. 8. 7o duly, prom~f!y and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, canditions and covenan~s ~n sa~d promistory note and th~s mortgage set forlh, 9. Tha~ in the event the ownership of the mortgaged prem;ses, or any part thereof, becomes vested in a person other than the 1."ORTG.4GOR, the MORTGAGEE, its wccessars and assigns, may, wiihovt norite to the iJtORTGAOR, deal with suth sutcessor ot successor in interest with referer.ce to this mortgage and the de6t hereby sec~red in the same manner as w•~th r.lortgagor v~ithout in any ~vay vitiating or dischargin9 the I'.lortgaqors' liability here- ur,der or upon ~he debt hereby sec~reo. i~~ sa;e of the premises hereby ~~~o~;y~yer`, a~ f;,;beara^ce ~r. :h~ ;-:s~t ~t !h_ IAOR7GAGEE er ~t< <.~r~e<enrc o~ assigns and no extension of the time for the payment of the debt hereby secu~ed givenvby the 1110RTGAGcE er its successors or ass:gns, ai~a11 operate to release, discharge, modity change or afiect the originai liau~lity of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed th3t time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligation se- c~red hereby shall at any time thereafter be held to be a waiver o{ the terms hereof or oT the instrumeni secureo iie~ny. 11. In add~tioa to the forego'ng monthly paym~nis oi print pa~ and interest requ~red by the promissory r.o!e secured her~by, mertgagor covenants and agrees to pay to mortgagee with each monthiy payment an add~rional sum esrn,ated by mortgagee to be equal to l;% )2 of the annual cost of the follow- ing: i A-A(f real property taxes (ev~ed or assessed against the above descri~ed rea~ estate. B-Aremiu~ns on fire and windstorm insurarce as herein requ~red to be cz~ried on the ~m, roveme~ts situate on the above described premises. C-Premiums on svth mortgage guaranty ir.surar~ce as mortgagee shall from t me to time deem fit to carry on the loan secured hereby, Mortgagee sha~l from time to time notify mortgagor in writing of the amount due and payable hereunder and such su n shall thereupon be due and payable on tne due date of the next monthty payment and each successive month thereafter urt;! mortgagee shall not;fy mortgagor of a change in such amount. Such sumz shall 6e app;ied by mortgagee to•h•ard the payment of real property taxes, insurance prem:~ms, a~id mort~age guaranty insurance premiums. IN WITNE55 :VNEREdF, the said hiORTGAGOR has hereunto set his hand and sea! the day and yea~ fint a(orasaid. Signed Seal~d del'vered ~n the presence of: U y~y~~y ~ =f d , n ($eal) ~ ' ~ n ~ _t ! ~~Cr' ~~~~~`CJ..y_~ (Seal) Y . ~ (Seal) (Seal) STATE OF FLORIDA ~ couNrr pF S a i n t Ltz c i e Before me personaRy appeared L e re~ l:0 S 3 and L i 11 i e M£i Johns on ~03 $ his wife, to me well known and knovvn to me to be the individuals described in and who executed the foregoing ir.strument, and acknovvledged before me that they executed the same tor the purposes therein expressed. And the said Lillie ~'TA6 Johnson Moss wife ot the said _ L@ T'O y iK0 S 3 upon a separote and private examinatio~ by me taken separate and apart from her said husband, atknowledged to and before me that she exe:uted said instrumenl freely and vofun- tarily and w~thout any compulsion, constra;nt, apprehens;on, or fear of or from her said husband. . W1iNES5 my hand and official seal this ~ 7°~t~ L , day of Y] 8 j+~ ~i A,', D:.19'~5i~' ~ , _ 'r• . . - -w~.~ No~ary Public in ~nd for the Svef~Qf.flotit~•at,~ssgt}. , My Commission expires: ~ ~ ~ Return 70: ~ ~ , : First Federal 3avings 6 Loan Assotiation ~~Q . :I-~! • ,.r • - ~R w.. ~ C_ = Of Fort Pierce. 1~7_ n (J(~~ ~ : ~ _'"s' ~ ~ ~ • ' fort Pierce, florida ~,`(y ~~~v ~ , N07ARY PUBIIC, SF~TE of FLORIDAstt~1RGE" ~ ~ - = tdY C0.'.t!.tISSION EXPIRES _ . ' r_ APR. ~ ' 25 ' ; ~~t - . - - ~ . i - ~ ~ `~f ' f •r _ ~ ~ r~+~l., i ` . . ~ , _~t \ ' .t+:t~t,~t~ ~ ~ ~ _ p~ ~ ~ Y:= ~ ~'~';1 - ~ s r`LC-' •Y ~~~4C~. 4{ '.3-a_:'~,1,_,i~i - . -'.~s _~,i~~~ ~ A. ~ i ' ' 5~~~~`\..'~~~`J~f';~.r,' . ' ,-G~.s';~~.'--~~. C: \ ~4 O~Z,\l ,f'Y:t,f.r-..f',-~:~.~'~ l~ r ...'jC~ • ~ . BCCr ~•J~ 3~7 - - - ~°?`r ~ . . ~