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Home My WebLink About0934 3. To place and tontinueus~y keep on the bui!tiir,gs no~v or hereafter eituate on said land ar.d on al; equipment and personally covered by lhit mortg• aga, ~vilh all premiunri ~hereo~ pa;d in full, fire insurance in the us~ai standard policy iorm, in a sum approved by thc h10RIGAGEE, an~ winds1a~m irsurance in the usval standsrd pol;cy form, in a sum approved 6y the h10RiGAGEE, in Sucli company o~ companies as ~he A10RTGAGEE may dired; and all fire and windstorm insurance policies on any of said build~ngs, any intereni therein or part thereof, in Ihe a9g~egate wm aforesaid ur In excess Ihereof, shall comain ~he usual standard morigagee dause or such other clause as the Alortgagee mny :equ:re, making the loss 4nde~ sa~d poli- cies, each and every, payab!e to said AIORTGAGEE as ~is interst may aPpear, and each and every svch poficy shall be prompily ass gned and delivered ~o any held by sa~d MORIGAGEE as (ur~her security to said mortgage debr, and, no~ less ihan ten (10) days in advance of the expiration of each poNcy, i~ de- liver to said h10RTGAGEE a renewal th~reof, togethe~ with a mceipt for the premium of such renewal; and there shail be no fire or ~vindsto~m insurance placed on any ot said buildings, any intereit therein or parl thereo(, vnless in ~he farm'and with the loss payable as afo~esaid; and in Ihe event any sum ol money becomes payable under such polity or poGcies said MORTGAGEE shall have the option to receive and apply the same on accounl o~f the indebted- ~ ness secured he~eby or to perm;t sa~d MORTGAGORS to receive and use it or any pa~t ~hereof fof other purposes. wiihout ~h~rrb~ ~va~~i~~~ er ~n,pair- ing any equity, lien or right under or by virtue of ih~s mortgage; and in ~he eve~t sa~d A10RTGAGORS shall tor any reason faii to keep the said premises so insured, or Fail to deliver promptty any of said pol~c~es of insurance to sald h10RiGAGEE, or f~i1 pron,ptly to pay fully any premium therefor or in any respect fail to perform, d~scharge, execute, effed, comptete, comply with and ablde by this covenanL or any part hrreof, said P.50RTGAGEE may place a~~d pay for such insu~ance or any part thereof without Natving or affecting any oplion, lien, equity, or right under or by virtue of th+s Alortgage, and the fvtl amovnl of each and every such paymenl shell be immediately due and F,ayable and shall bear interest from tha date thereof untit paid at the rale ol nine per centum per annum and to~ether with such interest shall be s~cured by the lien of Ihis mortgage. 4. To parmit, cammit or suffer no waste, impairment o! deterioration of said property or any part thereof. 5. To pay all and singular the ~cos?s, -harges and expenses, including a reasonable attorney's fee and costs of abst~ac~s of fitle, incurred or paid a. ,~nv fime 6y said htORTGAGfE, because or in the evenf of the fa~lure on !he part of the said MORTGAGOR to duly, prornptly and fully pe~form, d~scharge. eacecute, effect, complete, tomply with and ab;de by each and every the stipuiat~ons, agreemenis, cor~u~i~uiu, e~~d wv~:~a~~t; Y:w.-i;s_r~ _^a .r ~,~h~• a~a <.,[~t rn~tc, charnes and exoer~es. each and every, shatl be immediately due and payable; whether or no1 there be notice dz mand, attempl to collecl or suit pending; and the fu~l amaunt oE each and every svch payment snaii oear inieresj irv~n i~~r .;a~o :;~~~c;,; Y.:::: ~ rate of nine per centum per annurn; and all said costs, charges and expenses inwrred or paid, together w~th such ~merest, shalf be secured by the iien of thit morfgage. ' 6. That (a) in the evenf of any breach of this hlongage or default on 1he part of the h10RTGAGOR, or (b) in the eveM any of sa~d sums of money herein refetred to be not promptty and full~ paid ~vithin thirty (30) days nex~ affer the same severatly become due and payable, without demand or nolice, or (c) in the even~ each and every the stipulations, agreemeros, cond~tions and covenants o( sa:d promissory note and th~s mortgage any or e;~her are not ~uly, promptly and fully periormed, d~scharged, executed, effeded, completed, complied with and a6~ded 5y, tnen in either or any such eveM the aaid ag~ gregate ium mentioned in said promissory note then remaining unpaid, with interest accrued, and all maneys setured hereby, shall betome due and pay able forthw~th, or ihereafter, af fhe option of said MORTGAGEE, as fu~ly and compleiely as if a:l of the said wms e( money ~vere originatly s~~pu!ated to be paid on such day, anything in sald promissory ~ote or in this !t!o~tgage to the comrary notwithstand~ng; and thereupon or thereafter a~ the option of said MORTGAGEE, without ~ot~ce or demand, suit at lacv or in equity, the.refore or thereaf~er begun, may be prosecuted as if aN moneys se:ured hereby had mawred pnor to its insti~ution. 7. That in the even! fhat at the beginning of or at any time pending any svit upon thi: Mortgage, or to foreclose it, or to reform it, or to ~nforce paymenl of any daims hereur.der, said P,lORTGAGEE shall apply to the Court having junsd~ction thereof for the appo~ntment of a Receiver, such Court sha(f fortFiw;th appoir:t a receiver of said mortgaged property all and singular, includ~ng a!1 and singular ~},e income, profits, issues and revenues from whatever tourte derived, each and every of which, it being expressly unde~stood, is hereby mortgaged as if spec~fically set forth and des:ribed in the granting anc! habendum clauses hereof, and such Receiver skall have all the broad and effective funct.o:~s and povre:s in anywise eNruited by a Courf to a Receiver, ard such appointment shall be made by such Court as an admiued equity and a malter of absolute right to said h10RTGAGEE, and wilhoW reference to the adequacy or inadequacy of the value of the property mortgaged or to the soivency er inzolvency of said MQRiGAGOR or the defendants, and that such rents, prefits, income, issves and revenues sfiafi be aFplied by such Receiver accord~ng to the lien or equity ~f aaid 1.10RTGAGEE and the practice of such Court. B. To du!y, promptly and fully perform, d~scharge, execute, effed, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in said pronissory note and this mortgage sct fo;th. 9. That in Ihe event the ownership of the mortgaged premises, or any part thereof, betomes vested in a person ofhcr fhan the MORTGAGOR, the MORTGAGEF, irs sutcessors and assigns, may, withcut notice to the h10RTGAOR, deal with such Successor or successor in interest ~vith reference to this mortgage and the dzbt hereby secured in the same manner as with ~Aortgagor w~thout in any way vitiating or d~schirging the hlortgagors' liability here- ~~~cr or upaa !he dc~! ~;~rcR~ ~=t ~=e~. ~'•o sa~e of r!,? ~rrm~cPC };~reby mortgaged and no forbea~ance on the pan of the /.50RTGAGEE or its successors or assigns and no extension of fhe time for the payment of tt,e deb~ t~ereby secured given by the P.10RTGAGEE or its successors or ass:gns, aliall operate 1o release, d~scharge, modify chang2 or afietl the original Iiab~Gty of tFe h10RTGAGOR herein, either in whole ar in part. 10. It is specifically agreed that time is of the essen;e of this contract and that no v~aiver of any obligation hereunder or of the obligation se- e~re3 he~eby s~aii ai any iime inereaiier be i~eiu i~ ue o v,,ai,er v~ , „ ~ ` 'i c ic...~- !:~:C3[ .•;.e•_•,~ont ear~~rs.rJ hnrhv, 11. In additio~ to the forego'ng momhly paymrnts of prin~ p~l and inte~est requ~red by the prom;ssory no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhiy paymem an addirional sum esrima!ed by mortgagee to be eqval to 1% 12 of the annual cost of the fc,l(ow- ing: A-Aq real property tsxes levied or assessed aga~~st thc above desai5ed rea! estate. . B-Premiums on fire and wi~dstorm insurar.ce as herein requ~red to be carrred on the improvements situate on th~ above described premises. C-Premiums on such mortgage guaranty ir.surar.ce as mortgagee shall from t~me to time deem fit to carry on ~he loan secured here6y. hlortgagee shall from time to fime notify mortgagor in v~rit~ng of the arou~t due and payabfe hereunder and such sum shall thereupon be due and payable on tne due date of the n~xt monthly payment and each successive month thereafter ur,~it mortgagee shal! not~fy mortgagor of a change in such amount. Such sums shafl be apptied by mortgagee to.vard the payment of real property taxes, ins~rante prem;~ms, and mortgage guaranty insurance premiums. N WITNESS WHEREOF, the sa;d h10RTGAGOR has hereunto set his h~nd and seal the day and year first aforesaid. igned, Seale and flelive~ed in the p;esente of: Q y ~ ~J ~ ~ -y~~ ($eal) - ) Lo12~ il LL_~'..~c-7"~1 L/.~ =-s~ar~ ~~~I (Seal ~ ` (Seal) . (Sealj STATE OF FIORIDA ~ couNrr oF a int Lu c i e ~ Before m~ personatty appeared Leray Moss and T~ ~ ~ ~ P M A P. 70~1~ S 011 ~n R 4 his wife, to me well known and knovm to me to be the individuals desc~ibed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes Iherein expressed. And the said L i 11 i e Ma e Johns on ~O S 8 wife ot the said Leroy MOSS upon a separate and privafe ezamination by me taken separate and apa~t from her said husband, acicnowtedged to and before me that she executed said instrument f~eely artd volun- tarily and without any tompulsion, constraint, apprehension, or fear of or from her said husband. ' z~;{:i:~;:; L WITNESS my hand and offiual seal th~s ~ 7~ day of_ an ~-'q,~,p. ,)9~v_ ~?.'~~c"'~~' , ~ ~1J.. Notary Public in and for the ~,i~c~ Flo ida'at l8rge'. - ~11y Commission expires: ` ' Return 70: L~ ~_(~,~~p~{ ~ - First Federal Savings 6 Loan Association ~ . _ r ' Of Fort P~erce. ~ • Fort P~erce, flor~da _ r ~ t'+OTARY PUBIIC. STATE of FLOt~A ~~~'i~' 7,`J . ' ~y~~' ~ '?1 ~ Y~ h1Y C0:'d ;!ISSlOi~ EXPIRES; A~Ry'°2;1~ 19l~.~ ~ . . , rt1_~~~ , . . rl~~J'/V~ )Vl.~~ ' '1~~~~~~••1',. y . , ~ , . - ~ , ~ , 25 - . ~ ~ ~ _ .r . ~ - ~ ~ ~ ~ ~~,~~,t_~ J ~ ; ~ - . . _ i'%.t - ~ ~ ~t . . r - ' ,~,~t _'"~~,~~,,^s:~ . . , , . • • _ ~ ~.1x~ t sooK ~~9 ~