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Home My WebLink About0161 i : : f. 3. To plaa •nd conrtnuwsy ke.p on ~h~ buildinps now a M~~aftK ~iw~n on said land and on ~II equipmsnf and p.rson,lly oove?ed by ih1~ map~ •g~, with ~II premiums ther~on p~id in f~ll, fin inwruxe in ths ~sual u+ndard po~ky form, in •~um ~p~xoved by tM MORTGAGEE. ~nd windatonn inwranc~ in ths uiwl ~tandard policy fwm. in i wm ~pproved by ~M MORTGACsEE, in wch compw?y w compa~~~s a tM MORTGAGEE m+y dir~ctt ~nd all fire and windstwm inswana policies on any of said bvildinps, u?y intsrest tlwrain a pa.t tl+erwf, in tM s9yrep~te awn sfor~safd a in ~xass thereof, sh~ll contai~ ths uswf stu+da?d matpsgM clsus~ w wch othN d+us~ u ths Mortpsye~ may reqv'u~. mak'u+p the Iws under aid polb cie~, each ~~d everyr. psYabk to said N10RTGAGEE ss in inie~est msy ~pp~ar. and each sed ~very ivch policy shail b~ promptlr ass:yn~d ~nd dtlivered to any hald by aid MORTGAGEE as iurther secu~ity to said mwtysye deot. and, not less th~n fen (10) days i~ sdva~cs of ths expirstion of exh policy, to d~- IivN to iaid MORTGAGEE a renewal therwf, topetF~a with a rateipt for ths premiwn of wch ~er+ewal; and there sh~li b~ no firs w windstam i~wranc~ plaad on any of iaid buildings, ~ny interest therein o~ p+rt ths~eof, unleu in the form u+d with 1M bss payabk u afaasaid~ +nd In /M ~wrtt any swn of money becar~es payab~e vndu such poliey a policies said AIIORTGAGEE shall have tM option to receive and ~pply the ssme ot~ +cca+nt of ths ind~bted~ neu secured Mreby w to permit said MORTGAGORS to ?eceive ar+d ust it or sny part thereof fw other purposes, without Ihxeb/ waiving ot impair- ;ny any pu;ty, 1'ron or risht u~der or by virtue of this mortysy~s ~nd in ~he event said MORTGAGORS shall fw a~y reason fail ro keep the said premises so insured, w f~il to deliver promplly a~y of said policies of ini~rance to said MORTGAGEE, or fail promptly ro pay fully anY prem~um the~efor or in ~ny respad (ail to pafwm, diuMrge, executs, effaN, complete, comply with and ~bide by this covensnt, or sny pa?t haaof, ssld 1MORTGAGEE m+y plao~ snd paY fw such inwrancs or u+y part thereof withovt waivirg o? affectiop any optan. lien, equity, w r'~ght under or by virtw of thii Mor~ysp~. u?d tM full smount of each a~d wtry such paymant sh~ll bs immcdiately dve snd piyabls s~d thall bear interest from tM dste theraof until paid a1 tM ~at~ ol nine psr centum per annum snd together with such interest shall be secured by ths 1'~en of thia mwt9age. 4. To pKmit, commit or suffer no wsste, impsirment or detaioratio~ of said property w any psrt thereof• 5. To pay all a~d sirgulsr ths costs, charoes and expenses, including a reasonable attorney i fee and ooits of ebstracls of titls, incurced w paid ~t any time by said N10RTGAGfE, because or in tHe event of ths failure on the part of tM ssid MORTGAGOR to duly, prompNy snd f~rtly pe~form, dlschsr~,, execute. effed, complete, comply with and ab:de by each and every the stipulations, agreements, conditioru. snd covenants of said promissory ~ote and thii mortpay~ a~y or eitF~er, and said costs, ch+ryes and expenses, each and every, sh+ll be immediately due snd payablet whethe~ w not ther~ be notice d~ mand, attempt to coIIM or wit pendingt and tM fvll amovnt of each and every such payme~t shall bear i~terest from the date thereof until paid at the rate of ni~e pe~ centum per annum; and all said miri, charges arw expe~ses incurred w p+id, together with such interest, shall be setured by tM lien of thu ~+4~• 6, Th~1 (a) in the went of any breach of this Mortgaga or default on tM part of the MORTGA~R, w(b) in the event any of said sums of money herein referred to be not promptly and fvlly paid within Ihirty (30) days next after the same severolly become due and payable, without demand or notite. or (c) in the eveM esch ar~d every the s~iputationt, agreemenn, cww~itions snd covenann of sa~d promissaY rate and thls mortpage any or either are no1 ~uly, promptly and fully performad, dixharged, executed, effetted. tompleted, complied with and a6ided by. then in either or any such event the ssid a¢ gregate sum mentaned in said promissory note then remaining unpaid, with interesl atuued, and all ma~eys setured hereby, shall becane dw and pay- able fathwith, w tF~eafter, at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were wigin~lly stipvlated to be paid o~ such day, anylhing in said promiuory note or in this Mortgsge to the contrary notvrithstanding; and thereupon or thereafter at tht op~ion of said MORTGAGEE, without notice or demand, svif at law or in equity, therefore or thereafier begun, may be proiecuted as if all moneys secured hereby had mawred pr~or ~o in irntiwrion. 7. That in the event that at the beginning of or at any time pending any wit upon this Mortgage, a to foreclose it, or to reform it, or to enfo?u payme+~t of any daims hereunder, said MORTGAGEE shall apply to the Court having lurisdidion thereof for the sppoiMme~t of ~ Reteiver, suth Courf shafl forthwith sppoint s ~eceive~ of said martgaged property all and singular, includ~n9 all and singular the incorr~e, profin, Issu~s a~d rwenues (rom whateve~ source derived, each and every of which, it being expressty unde~stood, is hereby mortgoged as if specifically set forth and described tn fhe graMiny and habendum clavses hereof, and such Receiver shall have alt the broad and effective funct~ons and powers in a~yw~u e~trusted by a Court to a Receiver, and such appointment shall be made by s~ch Court u an admitted equity a~d a matter of absolute rght to said MORTGAGEE, and without referer~te ro the adequacy or inadequacy of the value of the properry mortgsged or to the soNenty or insolventy of said MORTGAGOR a the defendants, and that such rents, profits, ir?caM, issues and revenues shall be applied by such Reteiver according to ihe lien or eqvity of wid MORTGAGEE snd the practice of s~th Court. 8. To d~ly, prompHy and fully perform, d'iuharge, execute, effect, complete, oomply with and abide by esch and every ths stipulati«n, agreemenb, ~ co~difions and covtnants in said promisso?y note arid this mortgage set fath. 9. That in the event the ownenhip of the mortgsged premises, or a~y part thereof, becomes vested in • penon other than fhe 1NORTGAGOR, the MORTGAGEE, iri succe:sors a~d auigns, may, without notice to the MORTGAOR, deal with such successo? or successor in i~terest with re(erence to this mortgsge and the debt hereby secured in the same mann~r ss with Nbrtgagw without in a~y way vitiati~g w discharging the Mwtgagors' liability here- under ot upon the debt hereby secured. No sale of the premises hereby mwtgaged; and no forbearante on the part oF the MORTGAGEE or in sutcesso?s w sugns and no eztens7on of the time for the payment of the debt hereby secured given by the MORTGAGE~ or iri successors or assigns, shall operate to release, discharge, modify change or affect 1he original liability of the MORTGAGOR herein, either in whok w in parL 10. It is specifically agreed that time is of the euence of this to~tract and that no waiver of any obligatiw~ herevnder or of tM obligstion se- tured hereby shall at any fime thereaftd be held fo be a waiver of the tetms hereof or of the instrument setured herby. 11. In add~tio~ to the forego:ng monthly paymems of princ'pal and interest required by the promissory note setured hereby, mortgagor covena~ts and sgrees to pay to mortgagee with each monthly payment an addi~ionsl ;um estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: - A-All real property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insvrence as herein reqo~red to be canied oo the improvements sitoate on the above desvibed premises. C-Premivms on s~ch mortgage guaranfy insurar,ce as rtwrtgagee shall from time to time deem fit fo carry on the loan secured hereby. { Mwtgagee shall from time to time notify mortgagor in writing of tFx amount due and payable hereunde~ and suth wm shall thereupon be due and I payable on the due dat._ of the next monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance premiums, and mortgage guaranty ir?wrance premiums. • IN WITNE55 WHEREOf, the said MORTGAGOR has he?eunto set his hand and seal the day and year finf sforesaid. Signe ~ aled and d liver in the esente of: . ~ ~ ~ n ~ n STATE OF FIOgIDA ~ S5. COUNTY OF St• LUC1@ g~f„~ 11e ~„~,~~r ,~a~ Freddie Tavlor ,~,d Shirlev Tavlor 6w wite, ro ~?~e we~~ k~own .~a known to me +o b. tha individwb described in and who eaecuted ~FK fa~oirg instrument, and ackrwwledped befae me that they executed the sarne to? tM pwposss ttxrei~ expressed. /4?d tM uid $~11riBV Tsivl.~.r wire of rh. ~aid Fr@dd~-e TaYlor uPo„ . sep...t~ ,na p~i~,.a ; exsm~natan by me take~ separate and apart from her said husband, adcnowledged ro~nd bef«e m~ that sF?e executed said 'uutrument tr~;~nd volvrr tariiy and withwt ~ny wmpulsion, constrai~t, appreh~nsion, yr fsu of w from her said hvsb~nd. WITNESS my h+nd aed offici~! stal th:~ d,y or October ~ A, d: f9-~8 ~ ""'i~i:~ _ Notary PoWic in and iw tFr Stan of•f~{a ; My Commasioe ~xpir~s: /.2 k a.?~.~ ro: FtLEO AND RECOR C~ ~ Fint F~deral S+vi n ps i loan /1s~otietion , t': ST, (.UCIE COUNTY ~ATE ~f i~pW~~;AMC ~ ~ Of Fwt P~erce. c: : (1 ~ ~ ~ f ~ • ~~~MISSION EXPIRES OEC. - • ry~ : ~ ~ : _ 1~~~~1~ Rw~ rwco ~r. o~csti~io~•* ~ , ~ Fort Pierce. Florida L . . - - - '68 OCt 2 I q e PM ' 2 ~ ' !L • ~ ..~5;,+. ~ ~ r'' This Instrument Prepared By _ First Federal Sevings 3 Loan Association ' f rt Pierce . ~D~~n ?'OITRt.S ' , ~ ERK CIRCUIT COURT ch~ y ' ~ a~K ~.74 P~ ~6~. ~ ; . ~ ~ = ` ~ ~t ~