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Home My WebLink About2847 3. To pleta and continuously kee~ on ~he bui!dings now ot hereafter ?~t~ete on sa~d lend snd on all eq~ipment and personally covered by thi• mortg• ~ge, wlth a~l prerniums lherenn ~a~d in (ull, f~re insuran:o ~n fhe ~sual standard policy form, in a s~m appre~ed by ~h~ MOR~GAGEE, u~d windsturm infu~~~ce in the usual •tandard pofcy form, in a aum appruved b~ tha MORiGAGEE, in •uch company or companies as thQ MORTGAGEE may dirett; and all fire and w~ndatorm insuronte po~iues on any of ~eid build~ngs, eny in~erest therein or part ~hereof, in tha aggr:gate ium •forecaid or In azcess thereof, shall contain the usua! standard morrgagee clause or such orher cia~se as tFe Morigagee may rey~~ra, makin9 the loss u~ider sa~d poli- ciea, each and every, payable w said MORTGAGEE a~ ~ts interest may epoear, and each and every auch po:~c~ shall be promptiy ass gr~ed and delrvared ro sny held by se~d MORTGAGEE es f~rther security to sa~d mortgage debi, and, not less than ten (10) dnys in advance of the expiiat:on of each poli~y. to dr livsr to said MORTGAGEE a renewal thereof, togetner with a rece~pt for the premi~m of such renewa~; and there shall be no f:re or windsiorm insurarecr. plated on eny of said buildings, any interest therein or part therebf, vnless in the Form and with the loss payable as aforesaid; and in thr event any sum of money betome~ payable under wch policy or policias aaid MURTGAGEE shall have the opt~on ro receive and apply the ea,ne on ac:eunt of rhe indebted- ness sec~red heroby os ro permi~ aaid MORTGAGORS to receive and use it or any parr thrrrof far e~i,•.•r pu.p~srs, v,;~ho~r ~h.~cur wa~Y~.,~ or ~~npoir- ing any eq~ity, lien or right under or by virtus of this mo:!yage; and in the event ta;d MORIGAGORS shall for any reason fail to keep the said p~em~ses so ins~red, or fail ro de~iver promptty any ot said policies of inwrante fo said MORTGAGEE, or prcmptiy to pay fui;y any prr.m~~~n therefor or in any respe~ct Eeil to perform, discharge, exewte, eifecL complete, comp;y wirh and abide by this covena~~t, or any part hereot, sald MORTGAGEE may ptace and pay for i~ch insuranc~ or any part thereoE without waiving or aTfecting eny option, lien: eq~~ry, or r~ght unde~ or by virt~e of this Mortgage, and the full amavm of each and every such paymem shall be immerliately due and payable and shail bear interest from the date thereof ~ntil paid a~ the rate ol nine prr centum per annum and to~ethcr with such interest shali be src~red by the lien of ihis mortgao~:. 4. 7o permir, commit or suffer no waste, impeirrnent or deterioration of sa~d property or ~ny part thereof. 5. To pay all and sinyular rhe cost:, charges snd expensea, including a reaaoneb~e atrorne•;'s fee and cosrs of abstracts of titie, in~urred or pa~d at eny tirr.e by said MORTGAG`E, because or in t~a event of the failure on the part of the sa~d MORiGAGOR to duly, prompNy and fully perform, d~acharge. axewte, effect, complete, tomply w~th and ab:de by each and every the stipu~at~ons, agrea~7~ents, cond~tions, and tovenants of said promissory note and th~s morrgage any or either, and sa:d costs, cha~gea and expenses, each and every, shall be irnmed~ate'y d..~• and payable; wherher or not there bz r,o~ice d~ mand, attempt ro collect or suit per.d~~g; and the full amount of each end e~ery ivch paymem s~~~`I r,_a. intereat from the date thereof until paid at rhe rate J~ n~ne per cenium p•_r annu:n; and all said costs, charges and expenses inc~rred or paid, togett:er w~~h such interest, shall be sewred by the lien of th~i mortyage. 6. 7hat (a) in the event cf any breach of this Mortgage or deiault on the part of the MORTGAGOR, or (b) in the event any of sa~d sums of money herein referred to be not promptly ar,d fully paid within th~rry (30) days nexi after the same sevcra'.ly becorne dve and payable, without demand or notice, or (c) in thr event each and every tt,e stipulalions, agreementa, cond~tions and tovenants of sa d promissory note and th~s rrrortgage any or either are not juiy, promptly and fully performed, d;schargr4, exec~ted, effected, comple!ed, complied wi+h end a6~ded tiy, then in either or any su:h event the sald ag gregate sum mentioned in said promissory note then remaining unpaid, with interest accr~cd, a~d au moneys secured hereby, aha~l become d~e and pay~ ab~e forth~vith, or ~hereafter, at the option ~f aaid MORTGAGEE, as fully and comFletefy as if ail oF the sald s~ma of money were or~ginaliy sr~pulated to be pa~~ on such dcy, anything in sa':d prom~ssc,ry note or in th~s hlortgage ro the tontrary notwithstar.ding; and thereupon ur thereafter at the option of seid N~ORTGAGEE, w~thout nonce or demand, suit at law or in equ~ty, therefore or thereafter beg~n, may 6e prosac~ted as if all moneys securad hereby had matured pnor ro its instit~rion. 7. That in the eveni that at tha beginn ng of or ai any !ime pending any su~t upon this hlortgage, ot to forec!ose it, or to reform it, or to enforte payment of any daims hereunder, se~~ h14RTGAGEE shall apply to the Court having junsd~ciion fhcreof for the appointment of a Receiver, s~ch Court shail forrh,n-ith appoint a receiver of ea~d rc~o~tgagrd property all and singular, i~clud~ng ail and singuiar the income, prof~is, iss~es ar.d revenves from wharever s:urce derived, each and every of •.vh:ch, it being expressiy unders!ood, is hereby mortgaged as ~f spet~i~cal~y set ierth and d~svibed in the g~anting and habendum clauses hereaf, ard such Receiver sha11 have all the broad and effective funct~ons and powers in anywi:e entrusted by a Court to a Receiver, and s~:h appoinrment shali be made by svch Court as an admitted equity and a ma+ter cf absofute right to said h10RTGAGEE, and without reFerente !o tha adequaty or inadeGuacy of the value of ;he property morrgaged or to the so~~,vency or inseivency ef sa:d ~AORiGAGOR or ihe defendanis, and tha: wch re~rs, proiits, income, issves and reven~es shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and tfie proctice of such Court. 8. To du!y, prompHy and fully perform, distharge, eaecute, effect, complete, cemply with ar,d abide by each and every the stipulations, agreements, cond~tions and covenants in said promiasory note and this mortgage aet forth. 9. That in ~he evant the ov,•r,ership of rhe mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h"ORTGAGEE, i+s succesaors and aui3ns, may, without noeice to the MORTGAOR, deal with such s~ccessor or wccessor in interest with referen~e to thi~ n-ortgayz ard the d_ot hereby secured in the same manner as with :",orrgagor withoW i~ any way vitiating o: d!scharging the Mortgagors' liability hert u^der or upon the debt he:e`~> se;~_~red No saie of the prem~ses hcreby :r.ortgaged and ro forbearance on the part of the hiORTGAGEE or +!s svtcessors or assigns and no exters~on of ihe t~ma for rhe payme~~t of the debi hereby secured grven by the MOR7GAGEE or its s~ccessurs or ass;gns, ~I~all operate ro reiease, d;scharge, modify ct:~r.ge or affect the originai liao:lity of the MORTGAGOR herein, either in whole or in part. 10. It is specficaily agieed thst tlme is of the essence of th:s contract and that no wa~ver of any obllgat~on hereunde: or of the obligation se- wred hereby shali at any time thereafrer be he!d ro be a waiver of the terms hereot or of the ir,strument setured her6y. l i. In a;id tic~ ;o tne foreao o,~ r, onrh!y paym~nts oF p;i~~,; pai ard interest required by the prom:ssory no!e s~t~~ed herrby, mortyagor covenants a•,~ agrc~s to pa~ to n:ortgagee K:ch ea:h month y pa~r. ent an oClO~tiU~~3I sum est n~.ated b~ mortgagee to be equai to 1, 12 of ti~e ann~al cost of the fo!Icw- irly: P.-AII reat prcpcrty tax=s le:icd or assessed agai~st thc above desvi~ed real es'ate. B- Pr~:.~u»s on f;re ar,~ •,,,ndst~rm ir.sur:,cce as here~n roqu.•ed to be ca~ri~d en the :m;;rovem~~ts s~tuate on th: abovc ~_scr~6ed premises. G-Pre~n:un-s on such mort~~ge g~aranty insurar,ce as mor!gagee shall fre~T t rne to time deem fit to carry on tne loan sewred hereby. hlo-tgagee s~a'I from tu~~e fo t~ne no;ify mortgsger in w+iting of ihe amco~t d~e and payzble hereunder and su[h su~: sh3il !hereupon be due and F.~y~b:e on the d~~ da!~ of ih~ r._xr n,onthiy eayment a.^.d each s~ccess~ve mon!h ehereaf~cr ~rti; m~ortcagee shaif not~fy mortgaaer of a change in wch a~:~,nt. S~ch sun,s sF~a:l be appi~eJ b,r mortga~~.e ta.va!d the ~ay~n_nt of rez~ p~eperty taxes, insurance prem:ums, and mortgage guaranty insurar,ce ~rerniums. IN ~YITPiE55 HEREOF, the sa:d MORTGA~;,~~R h~s h=reunto set his hand a~~d seal the day and year firsi a`oresaid. i ned, Se an ve~ the~presence of: y~ i / _ _~Seal) / -($eaI) _.v _ i~'eq (Sea{; STATE OE FLORIDA ~~~~rY ~F _ L]lt= i P ? Before me personal{y appeared ~~'1'~ Q'il~~y;~~_____~ and Sadie Gi1.~ins his wife, to me •~•ell known and knovvn to me to be thz individua's deacribed in and who execu!ed rhe foregoing instrument, and ackn~wledged before rre that they exec~?ed the same for the purposes tne~ein expressed. And the sa~d__-_-~_- 58~~A Gillins _ _ wife of the said ~r'ill~T~ vpan a separate and private e,.am~nation by me takan separate ar.~ apart from her said husband, acknowled~ed to and before me that sh? executed said ~nstrument freely ard volur.- ranly ar,d without any co-roulsion, constraint, apprehensicn,•-oaCiear of or from her said husba~d. ~YITNES$ rr~y hand and offit~al seal this__~~~ day of ~ , A. D. 19 V-7 ~ ! l Notary Public in arrd for the State of Florida at Larg? My Comm~ssion expires: ReSUtn To: First F~deral Savings & loan Assouat~on Oi forr Pierce. - ~ F~rE F~ rc~ FI rid~ . J13, 1:w~3 N..~ ~d~~~C4Pt~ ROED ' `v ~ ~ . . ~ 9C~4K . ~ . , i~ , ~ d`+r~~-r . . . - . ` - . '65 Jtll_ I 5 P~! 3 : 37 _ - _ ' : : • ~ !i.'.~9 • e . . - ~ ' . _i . ) ~ t. - _ , i ~ ' 1'I . ••.w. `y ROGER PU;~i R:,S, CLERK ~ ~ ~ ~ S7. LUCIE COUNTY, < ; , ~~QRIDA r .::,:..i;~~~,. ~G~~1~2 4.~'~ ~ ~ _ _ _