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Home My WebLink About0312 To plece end continvousiy keep on the bui'dings ~ow or hertafter ~ituatr on seid lend snd on •11 equipmsM •nd penon~lly tovar~d by tl+is mortg~ ~qs, with ell premiums the~eon paid in fu11, fire insurance in the vsual starrdard poliCy form, in • sum approv~d by The MORiGAGEE, ~w~d wind~torm inaursnte in the usual standard peGcy form, in a sum approvad by the MORTGAGEE, in such mmpany or tompanies ea the MOR7GAGEE may dirett; snd a~l fi~e and windsto.m insurance po'icies cn any of said buildin~s, eny interest tfiercin or part thercof, in the eggregate sum aforesaid or M excet~ thereof, shall contain the usuai standard morfga3ee clause or such other clnuse as the Mortgagea may requir~, rnakinq the loss under ~aid po1F cies; each end every, peyabte ro said MORTGAGEE as rts interest moy appear, and each and every s~ch pot+cy sha~l be promptly ass gned and deliverod to any h~ld by uid MORTGAGEE a~ further security to said mortgage debt, end, not IQS~ than ten (10) days in advance of the expiration of each policy, to dr (iver tb f~iid MORTGAGEE e renewal Ihereof, toqerhar with a receipt for the premium of suth renewel; and the~e ahall be no fire ar wi:idstor~t iniurance plated on any of sa~d b~ild~ngs, any interest the~e~n or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum of money becomes payable under such policy or pol~cies said MORiGAGEE shal! have the opt~on to rece~ve and apply the same on accoum of the indebied• nest secured hereby or to permit said MdRTGAGORS to reteive and vse it or any part the:eof for otnr.•r purposes, without th~~eb~ waiving ar unpair- inq ~ny equity, lien or right under ot by vinua of thia mortgage; and in the evero said MORTGAGORS shall for any reason fail to keep the eaid premisas so insured, or fail to deliver promptly any of said polrcies of insurance to said MORTGAGEE, or Eail promptly to pay fully any premium iherefor or in any respsct fail to perform, distharge, execute, effect, complete, toinply wirh and ab~de by thi~ covenant, or any part hareof, aaid MORTGAGEE may place and pay for such insurance or sny part thareof wirhout waiving or aftecting any option, lien, equiry, or ~~ght under or by virtue of this Mortgaqe, and the f~!! emount of eath a~d every ivch payment shall be immediately due and payabla e~d shall bear interest from the date thereof until paid at the rate o1 nine per centum Rer annum and together with sucn interesr 3haii be secured by the lien of thii mortgage. 4. To permit, commit or suffer no waste, impairment or deteriorotion of said property or any part thereof. 5. To puy all and sir,gular ttie costs, charges end erpenses, fncluding a reasonable attorney's fee and costs of abatrocte of tiNe, incurred or paid at any time by said MGRTGAGEE, because or in the event of 1he failure on the part of the said MORTGAGOR to duly, promptly and fully perform, d~~charge, execute, effect, complete, comply with and ab:de by each and every the st~pu~atlons, agreements, conditiona, and covenants of said pro~n~ssory note and this morrgaga any or eirher, and eaid costs, charges and expenses, each and every, sha11 be immediately due and payable; whetfier or not there be notice de mand, attempt to collect or suit pend~ng; and the full ameuM of each and every such payment shall bear interest from the date thereof untii paid at the rate of nine per centum per annum; and all sa~d costs, charges and expenses inturred or paid, tugethar w~th such interes?, shall be secured by the lien of thiti mortgsge- 6. That (a) in the event of any breach of this l~lortgage or default on the part of the MORTG.4GOR, or (b) in the event eny of sa~d sums of money herein referred to be net promptly and fully paid with~n th.rty (30) days next atter the same severa!ly become due and payable, withoul demand or notice, or (c) in the event each and every the stipulations, agreements, conditions a~d covenants of sa;d promi~sory nate and th~s mortgage eny or either are not j~ly, promptly and fully performed, d~scharged, executed, effecred, completed, complied with and abided Sy, then in either or a~y s~ch event the •aid ag~ pregate sum mentioned in said promissory note then remaining unpaid, with inte~est accrved, and all moneys secured hereby, shali become due and pay- oble forthwith, or rhereafrer, at the opTfon nf sa~d h10RTGAGEE, as fuily ana complerely as if ail of the said s~ms of money were origin~lly st~pulated fo be paid on such day, anything in sa:d promissory note or in this hlortgage to the tontrary notwithstanding; and thereupon or thereafter at the option of seid MORTGAGEE, without notice or demand, suit at law or in equity, therefore o~ thereafter begun, may be prosecuted as if all moneys secured hereby hed matured prwr to iTf in3titution. 7. That in the event thai at the beginning of ur at any time per.ding any suit rpon this Mortgage, or to foretlose it, or to reform it, or ta enforce payment of any daima hereunder, eaid MORTGAGEr shaii apply ro the Court having jurisdiction thercof for the appointment of a Receiver, such Coun shall forthwith appoint a receiver of sai~1 mortgaged property all and sing~lar, includ:ng a11 and s~ngular the incorne, profits, issues ar,d reven~es from whatever tourcr derived, each and every of wh~ch, it being expressly unciersrood, is hereby morrgaged as if spec~fically set forth and desuibed in the qranring and habendum dauses hereof, and such keceiver shall havz all the broad and effecrive funct.ons and pewers in anywise enirusted by a Court to a Receiver, and tuch appoinrment shall be madd by such Courr as an admitted equity and a matter of absolure r~gM tn said MORTGAGEE, and without reference to the edeGuaty or inadequacy of the value of tha property me~~gaged or to the so;venty or insol~ency of aaid MORTGAGOR or the defendants, and that s~ch renrs, profits, income, ssues and rever.~es shall be applied by such Receiver accord~ng to the lien or equity of said MORiGAGEE and the practice of such Court. 8. To duly, promot!y and fully perform, discliarge, exec~te, effect, complete, cemply with and aoide by each end every the atipulationa, agreements, corditions and tovenants in sa~d promissory nate and th:s mortyaae se~ fortn. 9. That in the e~enT thc ownership of the mortgag~d premises, cr a~y part thereof, Lecomes vested in a peraon other ihan the MORTGAGOR, ihe MORTGAGEE, its nuccessors and aasigns, may, witho~t not~ce to rhe MORTGAOR, deal with w.h successo~ or wccesaor ~n interest with referrnce to th~s murrgage and the d=bt hereby secuied in the same manner as with h5ortyagor without in any way vitiating or discharging the h4ortgagors' liability here- unde~ or upon the debt hereby secvrecf. No sale of the pren,fs~s hereby mortg~ged and no ferbearance on tne part of the MORTGAGEE or its suctessors or assigns and no exrers~on of the time fer the (:ayment uf the debt here6y secured given by the MORTGAGEE or its successors or assigns, shall operate to release, d~scharge, modify change or affect the or~g~nal liaulllty of tne MORTGAGOR herein, either in whole or in part. 10. h is apec~fi;ally agreed that time is of the easence of shts contract and that no wa:ve~ of any obligatien hereunder or of the nbligation se- c~red hereby shal~ at any time thereafter be hcld !o be a wa~ver of the terms herecf or of the instrumem secured herby. 11. In add:tio~ to the forego"ng monti~!y payments of pri:;c pal and interest required by the prem ssory no!e secured hereby, mortgagor covenants and agr~es to pay to rnortgagee w~th ea;h rnonrh'y E;ay~.~enr an sdd~rional sum est,n ated by mortgagee to be equal to l; 12 cf the annual tost of the follow- ing: A-All real properry taxzs lev~_a or assess_d ay.~i~,st thc a'c~ve des:~~~cd real estate. B-Pren~.:ums on f:re ar.d wir.dstorm ~;:surar~ce as nere~? req~:red to be carr~ed en the :m„rovemente s~tuate on the ebove described premises. C-Premi~rt-s nn such mortgage guaransy ics~~rar,:e es rno~rgagee sh;ll frorr +lre vo fiine deem fit to carry on ihe loan secured hereby. Mortgagee sn;ll f~em ti~ne to tiw~e nc+if; n•crr_;,;gor :n v~rir~r.g of the amov~t d„e and payable he~eunder and such su~i shall thereupon be due aid payable on the duE: date of th~ next n:omh.~ pay~~ent ar;d e.,ch scccessive rnonth thereafr~r ~c!fl mortgagee shall notify mortgagor of a c~ange in wch amounr. Such sums sF.a',I be app!ied by moregag~e soward tiie payr.~enr of reai property taxes, insurance prerr;ums, and mortgage guaranty insurance premiums. IN VlITNESS W R~OF, the sa' MORTGAGCR has h~reumo set hls hard and seal the day and year first aforesaid. ~ Si ned, Seale a. de e n th ce of: ' " ~~l~ rr~ L,(~ ~L"[G..'-G t~ ( ) ~ ~-r.'. v~'Z~ t Seel r ` / .-a.t- (Seel) T . -!,i±7 c.=-G-{.. , , ci t ~'1""cy~- (G.81) _ i52a~~ TATE OF FLORIDA ~ couNrY oF nt, T,~~~? F_ ~ ss. Before me personally appeared ~ F'Z'~.~'..k i7 P s e r~n4?- - -~d T Ri3tjP,Z 1~. S~PS!?Y' _ his wife, to me well known and known to me to be the individuals destri6ed in and who executec! !he foreyoing instrument, and acknowledged before me that they exetute~ the same for the purposes there~n expressed. And the :aid T°~ Y? P i~ fi S P 7' wife of 1he se~d - Fr"r~Pr3 ck rl_~pser , upon a separate and privtte exam~nation by r~e ta~en separate and apart from her said h~sband, acknowledged ro and before rne that she executed said ir.strument freely and vo!un- tarily and without any cvmpu!sion, constraint, apprehensi ~~ft fear oF or from her said husband. WITNE55 my hand and af~icial seal this___ Lµ day of ~Jn`'~m~''e _ A. b. 19 f'.~_ ~ l-~1~~ ~ Notar Pub!ic in and for the 5tafe f Florida at Large My Comrn~ssior expiret: /t/~Q~ ~ , , , Retw n To: ~ ~ First F~derol 5avinga ~ Loan Associa!ion ry ~ , „T•... r.,.n,•, . ~ ~ , Of Fort P~rce. ClJRD D P~~A.:r ...;~'f L~~E,a ~,,N RE BdQK r . . ,:;s - Gort Pierce, Flo!ida .~_T , ~ • ' i . s i 1.a - - . - . : ~ ~ p~ 3 ~ ~ 9 ~ ~ . " . _ , . ,65 ~~~u ~ ~ j~ ~ . " . . ERK l . . . -1~ ~ ,J~ l . . : Ro~~, ~;,~y ~o~~,~t . ~ ~ - ST.'`-- ~~~~.10A ~ sooK ~31 - - _ .1 _ ,t _ _ _