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Home My WebLink About2049 ' ! ' , ~ t 3. To p~~c~ and continuousty keep on ths buildirq: now or Mreatter sitwt~ on said lu~d and on all equipm~nt ~nd p~non~lly cover~d by this mat~ sg~, with all prami~?ms thereon p~id in full, fire i~sur~nc~ in tM vs~~l itandud policy fo~m, in a sum approv~d by ~hs MORTGAGEE, and windsto~m ins~wnce in ths usual aundsrd poliq fam, in • sum approved by ~he MORTGAGfE, tn wch company a companies as tht MORTGAGEE m~y directt and a!I iire and wind~to~m insvrance policia on ~ny of said bvild~nys, any in~erest 1he+ein or part thereof. tn the a~yrey+te wm afw~said w in txcest thereof, shsll contain the uiual s~andard mortgapes claufe a ~uch othe+ claus~ ~s IM N1ort9agee may requin, m~kinp the lass unJK aid po1F cie~, each and every, payable ro said MORTGAGEf as ib inrere~t may appeai, and each and every :uch poliq ~hall b~ prompdy us:pned a~+d delivared to +~y heW by said MORIGAGEE ai funher security to iaid mortyage debt, and. ~ot leu ~han ten (101 dsys in advance of the exp'uation of e~c6 polky, to dr liver ro said MORTGAGEE a renew~l thereof, tope~her with a receipt fa the premium of tuch renewatj snd ~he~e shall bs no firs or windstam insuranc~ placed on any of said buildings, ~ny interest therein or part thereof, unleu in the form and with the lou payable as afwesaid; ~s+d in ths event a~y svm of mo~ey becomes payable ~nder such policy or policies wid MURTGAGEE shall have ths option to receive and apply fhe tsms on atcov~f of fht indtbted~ neu secured her~by w to permit ssid MORTGAGORS fo rKeiva and us~ 1! or eny part thereof for oihcr purposes, wilhout Ihereb~ waiving or unpai~- iny aoy equity, (ien or right unde? or by virtw of this morlpaye; and in the event wid MORTGAGpRS shall {or a~y reaao~ iail to keep the said premiset w insv~ed, a fail to deliver promptly ~ny of ssid polities of insurance fo said AAORTGA6EE, or fail promptly to psy fully sny premium therefor or in any respect fatl to perfwmi, discharge, execute, effect, complets, comply with and abide by this covenant, w ~ny part Fxreof, said MORTGAGEE may pl~ snd pay fw suth ir?wrance or a~y part the~eof without waivirg ur sffectinp any optioo, Ikn, equity, w rigM under o~ by virtw of this Mwtgaqs, and the full amount of tach and ~very such payment shall be immedislely due and psyable and shall bear intereit from ths dals thereof until paid ~t tM ?ate o1 nine per centum pet annum and to;~ether with suth interest shall be secured by 1M lien of this mortgage. 4. To permit, tommit or wffer no waste, impairrrKM w deteriontion of ssid property or any paA thereof. S. To pay all and singutar the catn, chargea snd expe~+ses, including a reasonable anorney i fee and wsts of abstracts of titls, incuned a paid at any tims by said MORTGAGfE, bstaoss a in the evtnt of the failwe on the part of 1M said MORTGAGOR to duly, promptly snd fully perfonn, diKFy~ execvte, effact, carsptete, comply with ar+d ab~de by each and every the stipulations, agreements, conditio~s, and mvenants of wid promissory note aod ~his mortgsge sny w either, and said costs, charges and expens~s, each and every, shall be Immediately due and payabte; whether or noi there be notice d~ mand, attempt to collect or suit pe~ding; and the full artaunt of each and every suth paymeol shall bsar inte~esf from the date thcreof u~til p~id ~t the rate of nine per tentum per amwm; and all said tosts, charges and exper~ses inturred w paid, together with svth interest, shaU be secured by tF~ lien of fhi~ ?^o?~9ays• 6. iMt {a) in the event of any breach of this Mortyage w defautt on the part of the MORTGAGOR, w(b) in the event any of said tums of naney herein referred to be not prompNy and fully paid within thirty (30) days next aiter the same severally become due and psyable, wit?qut demand or notice, or (cj in the event each and every the stipulations, agreemenn, conditions and covenanb of said promissory note and th~s rt:wtgage any or either are ~ol ~uly, promptly and fully performed, discharged, exetuted, effected, completed, complied with a~d abided by, then in either or any such eveM the said ag gregate wm menYaned i~ said promisswy note tF~m remaining unpaid, with enterest uuuetl, and all moneys secured hereby, shall betort?a due and psy~ able fathwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as i( all of the said sums of money were origi~ally ttipulated to be paid on such day, anything in said promissory note a in this 1Nortgage to the contrary notwithstanding; and thereupon ot thereafte? a! the option of said MORTGAGEE, without not;ce or demand, suif at law or in equity, therefore or thereafter begu~, may be pro~ecuted sa if all moneys secured hereby had matured prior to iri institutioo. 7. That in the event that at the beginning of or ~t sny time prnding any suit upon this Morfgage, w to foreclose it, or to reform it, or to enforp payment of any claims hereunder, said MOR~GAGfE shall apply fo the Court having jurisdiction thereof fw the appointmeM of a Receiver, such Co~rf shall Fwthwith appoint a receiver of said mortgaged property all and singular, includmg all and singuiar the income, profits, iuues and revenues from whatever sourte derived, each and every of which, it being expressly understood, is hereby mortqaged as if specifically set futh and detvibed in the granting and habendum clauses he?eof, and such Receiver shall have aD the boad and effective f~nct~ons and powers in anywise entrusted by a Court to a Receiver, and such appoin*.ment shall be made by such Covrt as an admitted eqvity and a matter of absolute ~gh~ to said MORiGAGEE, and withouf referente to tF+e adequacy or inadeqvacy o! the value of the propery mwtgaged or to the solvency or insotvency oi sa~d MORTGAGOR or the defendants, and ~hat such rents, p?ofits, income, iuues and revenues shall be applied by such Receiver according to the lim or equity of said MORTGAGEE and 1he practite of such Co~rt. B. To duty, promptty and fvlly perform, discha~ge, execute, effen, complete, comply with and abide by each and every the stipulatwns, agreeme~ts, condifions and covenaros in said promissory note and thu mwtgage set fwth. 9. That in the event the ownership of the rtartgaged premises, or any part thereof, becomes vesfed in a person other fhan the N~ORTGAGOR, /M MORTGAGEE, iK successors and assig~s, may, wirhout notice to the MORTGAOR, deal with such successor w successor in ime~est with reference fo this mortgsge and the debt hereby secured in the same manner as with Nbrtgagor without in any way vitiating or discharging the Mwtgagws' liabiliry hera under w ~pon the debt hereby secu~ed_ No ssk of the premius hereby morfgaged and no forbearance on the part of the MORTGAGEE or its iuaesson or sssig~s and no eatension oF the time for the payment of the debt hereby secured given by the MORTG/1GEf or its s~ccessas a usi9ns, shall operate ta release, discharge, modify change ot affect the o~iginal liab~lity of the MORTGAGOR herein, eitF?er in whole or in psrt. 10_ It is specifically ag~eed that time is of the essence of this contract and that r?o waiver of any obtigation hereunder or of the obligation ~e- cvred hereby shal! at any time tbereafter be held to be a waiver of the terms hereof or of the instrwnent secured herby, 11. In additio~ to the forego:ng monthly payments of princ:pal and interest required by the promissory note secured hereby, mortgagor cove~ants and agrees to pay to mortgagee with each monthly payment a~ addi~ional sum est~mated by mortgagee to be equal to 1/12 of fhe annual cost of the follow- ing: A-All rea! property taxes levied or assessed against thc above described real estate. B-Premiums on fire and windstwm insurante as herein requ~red to be ca~ried on the improvements sit~ate on the above desuibed premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to tarry on the toan secured hereby. Mortgagee shall from time fo time notify mortgsgor in writing of the amouni due and payab)e he~eunder and suth sum shall Ihereupon be due and payable on the due date of the next monthly paymenl and each successive month thereafter ur,til mortgagee shall notify mortgagor of a change in such amount. Such sums ahall be applied by mortgagee toward the payment of real property taxes, insurante prem:ums, and morfgage guaranty insurante premiv~f~R:.., " • t: • {~1 W 1~f~1E6C~, WHEREOF, the said MORTGAGOR has hereunto set his harsd and seal the day and ar first aforesaid. ' l~~` delive?ed in pr of: • ~ ~ z , n ~o. ~ - - ~ • 1 . t • ~ • 8TATE OF ~~a~'v~~ !Z 1~j~ r GOU O~ ~ AIII ' ~ • S ~ ~ . ~~~fbr'e'ine personally appeared S~lUQl T• E~1TdYds and F lorence E. Ec3wards his wife, to me well known and known to me to bs the individwts described in and who executed the foreyoing instrument, and adcnowledged before me thsf tF~ey executed the ssme for ths p~rposes ?herein sx~~d. ana r~ .~~a Florence E. Edwards wite of tF~e said Samuel T. EC3W~d3 vpon • sep~r~te and priv~t~ examinatwn by me taken ceparote and apan from her iaid' hu3bano; acl~"rwwledged tq #nd b~fore me that sF~e exetuted said instrument ~reely snd volw~- ~arily and w;thout sny compuision, constraint, appre~'°~Q ,or fear of or fran her ssil! hvsband, WITNE55 my hand snd official seal 1hiS Z• " ~ dey of N r A. D. 19 68 ~ FILED ANO RE ~ P K~~ and for the State of~iwid~ ~ S?, LUC1E COUNTY, FL•~?• M ~o~ expires: ~ Return Ta d~ ~ FIED / 97 Fint Federsl Savings 3 losn Assotiat'an 1~~~~is Of Forf Pierce. Fort Pierte. Flwida A ~ ~ '68 DEC y ~ ' ~~t~~a This Instrument Prepared By ~p ~ER ~ 017RAS First Federa( Savings b Loan Association ~~~RK CIRCUIT COURt ~ of F rt 'erce Checked By ~ 8a~x~74 ~z044 ~f ~ _ ~