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Home My WebLink About2863 , 2. 3. To plaa and contleuouily k~ep o~ tM bulldinps now a Mr~~hK ~itwt~ oe~ ssW I~nd and on ~II equipm~nt aod ptnon~lly tovKed by thi~ mort¢ p~, with all premivm~ tMnon p+id in futl, fi~~ tnsur~nc~ in th~ usu~l ~tandard polky form, k? ~ sum app~ov~d by tM MORTGACaEE, ind windttwm inavr~nct 4+ ths wwl ~und~rd policy fam, in ~ sum ~pprov~d by tM 1NORTGAGEE, in wch tomp~+y or companies u tht MORTGACaEE may dtr~ctl ~nd all fi~~ u~d winditam insur~nce polkies on any of saW bvildinps, ~ny in~Hest therei~ w pah ti~e~wf. in the agQrep~q avm ~foreuid o? in exc~ theraof, sMll contain ths ~sual standud mortgspN cl~us~ or such othsr ciaus~ rt IM Matyspe~ may reQu'u~. makir~p ths lou undK aid poli~ ciss, ~ach ~nd eve?y, p+yabl~ ro wid MORTGAGEE as its intereit may appear. ~nd each and everyr i~ch poticy iluil be prompfly a»:~ned and delivered ro ~ny MW by s~id MORTGAGEE as f~rthe~ setvrity to said mortg~~ debt, and, not leis than ten (10) days in edvance of tM ~xpiratia? of each poliq, to d~- IivN ro said MORTGAGEE • renewal therwf, topather with a reteipt for the prwnium of such renewaij ~nd there shall be ra fite w wir?d~twm insuranc~ pl~qd on ~ny of said buildinps, any interest therein or psrt the?wf, unleu (n tM fwm and with 1M loss pay+bis ss efaeaidj aed in tM ~vent a~y tum of money becar~es payabb ~de~ wch pottq a policies said MORTGAGEE shall Mw tAe op~an to receive and apply the sarne on account of ~M inde~tad~ ness secv~ed F~eby w a permit said MORTGAGORS to ntaw u?d us~ it d a~y parf thereof for other puiposes, without the~eb/ waivi~~g or impair- inp any puiry, litn ot ~i~hl vnde? w by virtue oi this mortyp~t ~~+d in dw ~vent said MORTGAGORS shall fw any rrason fsil ro keep ths said premises io insured, o~ fsil to d~liwr promptly any of wid policies of insursnu to s+id MORTGAGEE, or fai! prompNy to pay fully any premium therefw a in any reap~ct fail ro perform, diuharge, execute, effe:t, complets, comply with and abide by this covena~l, a aoy part hsreof, said MORTGAGEE may place ~nd pay fw such imu~ana or anr part thareof without waivinp or sff~ctinp ~~y optiwy Ikn, equity. w righl under a by vi?tw of this Matgap~, ~nd tM full artaunt of ~ach ~nd ~v~ry such p~yment ih~ll bs immedNt~ly dw and payabls and ahall bear interest from ths dats thereof w?iil paid at ths rat~ 01 nine pe? centum per snnum and toyether with such interest shall be sec~red by 1M lan of this morty+ge. ~ 1. To permit, commit or suffK oo waste, impairmem w deterioration of aid property a any p~?t thereof. S. To pay all snd skgular the cosb, cM?9es and expsnses, includirg ~ reason~ble attomey's fee snd costs of abstracts of ti11e, tncurrtd w p+id at any time by saW MORTGAGEE, becavse a In ths ~vent of the fsilure on the part of tM said MORTGAGOR to duly, promptly snd fully perform, diuh~~gR execvte, effed, complete, comply with and abide by each and every the stip~rlatio~s, agreeme~b, conditions, and cover+ants of said promiuory note and this mwtgage any w either. aod sa~d costs, charyes and expensei. each and every, shall b~ immediately due and payable: whether w not thcre bs ~otice d~ mand, attempt to colkd w suit pendingt ~nd the ful) amount of each and eve+y such psyment shall besr interest irom 1F?e date tMreof umil p~id N the rate of nir~s per centum per annum; and all said cosls, charges a~d expenses incvrred or paid, together with such interest, sMall be secuted by the lien of tha mort~y~. 6. Tt+at (a) in the event of any breach of this /Nortyage w dehult on tM pa~t of the 1NORIGAGOR, or (b) in tM event s~y of s~id swns of money herein referred to bs not promptly and ivlly paid within thirty (30) days nexl afta the same seve?slly become d~e and payable, withoul dem~nd a notice, or (cJ in the eveM each and every the stipulations, agraemeMS, conditions and covenants of said promissory note and th~s mortgage any or either sre not iuly, promptly and fully performed, d~scharged, exscvted, effected, completed, complied with and abided by, the~ in either o? any tvch event tM ssid a¢ gregate wm mentaned in aid promissory note then rem~ininp unpaid, with interest acuued, and all moneys ~ecured hereby, shsll become due and pay- able fwthwith, O( ~I1QfNNK~ at the option of said MORTGAGEE, as fully and completely as if all of the said wms of money were wginally atipulsted to be paid on such day, anything in said promiuory note or in this Mortgage to the tontrary notwithstsnding; a~+d thereupon o? thereafter ~t ths option of said MORTGAGEE, without notice w demand, suit at law or in puity, therefore or thereafter begun, may be proxcuted as if all ma~eys secuted heteby had mawred prior to its imtitution. 7. That in tF+e evenf that af fhe beginn'ug of or af any tims pending any wit upon tha Mwtgage, w fo fweclose if, or fo refo~m it, a to enforos payment of amr claims haeunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Co~n shall forthwith appoiM a receiver of said mortgaged property all and singular, incfudmg all and singula~ the income, profits, issues and revenues from whatever sourte detived, eath and every of which, it beiny e:ptessly understood. is hereby mortgeged as if specifically set fwth and desc?ibed in the graMing and habendum clauses hereof, and suth Recciver shall have all the broid and effettive functions and powers in anywise entrvsted by a Courf fo a Reteiver, and :uch appointment shall be made by such Co~rf as a~ admitted eq~ity and ~ matte~ of absolute right to said M~RTGAGEE, and without reference ro tM edequscy or inadequacy of the vslve of the prope~ty mwtgaged a to ti+e soNency a insolvency oi said MORTGAGOR o~ the defendants, and that s~ch rems, profits, income, issues and revenues shall be applied by such Receiver accwding ro the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fulfy perform, d'~scharge, execute, effed, complete, comply with and abide by esch end every the stipulations, agreemenb, conditions and covenants in said promiuwy note and this mortgage ut forth. 9. That in the event the ownenhip of the mo?tgayed premiaes, o? any part thereof, becomes vested in a person otlxr thao the MORTGAGOR, tM MORTGAGEE, iri svtcessots and suigns, may, without notice to the MORTGAOR, deal with :uch s~cceuor ot successor in interest with referente to this mortgsge end the debt hereby setured in the ssme manner as with Mortgagor without in eny way vitiating or dixharging the Moriyagors' liability herr under w upon the debt hereby secured. No sale of the premises hcreby mortgaged and no forbearance on the paA of the MORTGAGEE or its succeuors or auig~s and no eatension of the time fa the p~ymem of the debt hereby secured given by the MORTGAGEf or in strcteuors or suigns, shall operal~ to release, discharge, modify change or sffect the wiginal liability of the MORTGAGpR herein, eitF~er in whok w in part. 10. It is specifically agreed that time is of the essence of this contrad and that no waiver of any obtigation hereunder ot of the obligatan se~ cured hereby sF~all at any time tl~ereafter be hsW to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the forego:og monthly payments of princ:pal and interesf required by the promissory note secured hereby, morigagor tovenanb and agrees to pay to mortgagee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- 4 ing: ! ~ , A-All real property taxes levied or asse:sed against the above despibed real estate. B-Premiums on fire and windstorm insurance as herein reqv~red to be tarried on the improvemenri situate on the sbove desvibed p?emises. ~C-Premivms on such mwtgage guaranty insurarce as rtartgagee shall from time to time deem fif to carry on the loan setured hereby. 'i Mortgagee shall from time to time notify mortgagor in writing of the amount due and payabk he?eunder and such sum shall thereupon be due and payable on the due date of the next monshly payment and each successive month thereafter urtil mortgagee shall rwtify mortgagor of a change in wch i amouM. Such sums shall be applied by mortgagee toward the payment of roal property taxes, insura~xe prem:ums, and rtwrtgage guaranfy inwrante premiums. ' IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his Iwnd and seal the day and year ' t aforesaid. ~ Siy~ed. Sealed aod delivered in the presence of: ' ~$@d~.~ ~ ~ a ~n ~ ~ ~ ~ seai~ ; ~ ~ _ ~ ATE OF FLORIDA . ~ counitt oF St. Lucie ~ Before me personally ~ppeared W~ll~ F s n and n' w • .,M Saffi~SOri and Helen D. $~RpSOAS ~1~5 w~@; and Bserson G. ~ps~qw~ e, to me we f known a 80 i the individwls dewibed in and who executed the foreyarg instrument, and acknowtedyed before me that they executed the same for tM purposes f rherein expressed. And the .~~a Bonita G. Sanpson,~ wife of William F. SaaDSOn; an~ Hel.~n ~._S__a~~oa wife ~ ths sa~d HOwe?l~d W• S81~pso~1; 81~d I]C3s T. S~psOA~ 1~13~e Of B3eZ sOZi G~~ a~rate a~d pirvat~ examination by me tsken separate and epart from her said husband, adcnowledged to and befae me that she executed said instrvment freely and volurr rarily and without any compulsion, constraint, apprehension, feu of w from l~er wid h~sband. WITNE55 my h~nd and offkial seal tl?is ~O ~ day af Dsce~aber q, D:•19 ~ ~ .~s.t.~i~c~_ . . Not~ry Public i~ ~nd for the/StatPOf'fNtida ~t l~rpv~; My Commiuion expires: 1-3 ./.J' ~ • - . % _ . Retum Ta. • . _ - finf Federa) Savin~s 6 Loan Aasocistion FILED AND RECORDEO _ of Fo?~ P~erce. ST, LUCIE COUNTY. FLA. ` ~ Fo?t Pierte. Flwida fi C~~~? F Q~ G p L - J 1'73145 ~ . ~ Si;.; "v- V` . This Instrument Prepared By 3 QM 9. yS ' First Federal Savings b Loan Association ,~,t,~ ~ ~ of Fort Pierce F ~ ?OITRt~S Checked By. J. Collit~s ClE CIRCUlT COURT ~ 800K ~ 7~ P~CE 2~56 ~ ~ - r cf _ ~F -v~ -