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Home My WebLink About2867 To plan aod continvously k~p on tM buildinqs now o~ h~r~~ha ~itvat~ on taW land ~nd on ~II pviprtwnt ~nd p~rwnally cova~d by 1hi~ map- p~, with all premi~ms tlurwn paid in full, fin insur~nu ia th~ usval uandard poticy fam. (e ~ sum approv~d by tM MORTGAGEE. ~nd wie+d~torm irawaoc~ in tM ~iwl uandard polrcy fam, tn • sum approved by th~ MORTGAGEE, b~ wch tompa~y w comp+oi~s as tM MORTGAGEE may dinctj ~nd ~II fin snd windstwm inswann policies o~ ~ny of said build~nps, ~ny int~nst tMrei~ w paN tM~eof, tn tM ap9re9+q wm afwes~id ot In ~xass therwi, sMll confain tM us~al standud mortyayN cl~v~s a such othH claus~ ~ tM Mortpapee may ~pu'u~. m~kinp ths loss unda aid poli~ ctes. ~sch and ~v~ryr. p~Yabk to s+id MORTGAGEE as in intKe~t m~y app~ar. ~ed each and ~verY t~ch poliq ~hall b~ pranptly au:9ned and delivered to ~ny Iwld by said MORTGAGEE u(urtMr sec~rity to ~id mortpi~ debt. and. oof les~ tha~ t~n (10) days tn advance of tM expiration of esch polity, to d~- liwr ro said MORTGAGEE a rMew~l thsreof, topathtr with ~ roceipt fw the pnenivm of s~ch ~~~ewalj and thers ihall bs no fue w windstwm ir?sur~nca plaoed on ~~y of said bvildirgs, any inter~at thereio w part tMrsof, unleu in tM fwm end with tM loss p+y~blt as afores~id: ~ad in the ~vent any twn of ~naiey becane~ pay+W~ wKle~ wc1? PeIMI a P~Kies ssid MORTGAGEE shall Mw the optan to receive and apply ths s+me on accounr of tM indebted- ness sKUred Asreby w lo psrmit ~aid MORTGAGORS fo receiw u~d uN if p any pa~t thereof iw other purposa, without thereb/ waiving w impair- irp any equity, lien w riyht under a by virtw of this mortpaps; MfI Ifl tF1f ~VM1 Nid MORTGAGORS shsll fw ~~y reason fail ro keep the said premises so intured, w fail M dtliver protnptly any of said policies of inwr~nc~ to said MORTGAGEE, or fail promptly to p~y fulty any premium therefw w i~ any roipect fsil b pKfwrry diichary~, ~xecut~, effect, complete, comply with u~d abid~ by this covenant, or any part Mreof, wid MORTGAGEE rtNy placy ~~+d pay fw such irou~ance or ~ny psrf thenof without w~ivinp or ~ff~ctinp any option, lien, equity, or right under w by virtw of this Mortqape, a~d the full amount of tach and ewry such payment shall be immediately du~ and payabls ~nd ihall besr intereit from th~ date thereof u~til paid at tM rat~ ol nine per centum pu anrwm ~nd together with such ie+tereit shsll be secured by tM lien of this rnortpage. 1. To psrmit, comndt o~ suffa no wssts, impsi~ment or deterioration of taid property a any put thereof. S. To pay ~II and ~inyular the cosb, ch+rpes +nd expenses, ie~cl~dinp a ~easoruble attorney's fes and cosri of abstracts of titls, incuned w paW at any t~me by said MORTGAGEE, bacavse or in tl+e eve~t of the failwe on tM part of tM said MORTGAGOR to duly, promptly and fully perform, di~cMrgR exec~ts. ~ffed, complete. comply with and ~bide by each snd every the stipulations, apreemenq. conditions. ~~d mvenants of said promissory note and thii ; mortyape any or eithe?. and said coats, chuyes and expenses, cach and every, shall be immediately due and payabk: whether or not there be notice da ~ mand, attempt to tolkct or suit pa~dirgj ad the full ~nwunt of exh snd every such psYmrm aha~~ be+r interest frwn the dat~ tlxrtof vntil p~id a1 the rate of ~ine per t~ntvm per annum; and all said tosts, charges and expeoset intunad or paid, together with :uth intetest, shall be setured by the lien of thii rtlOff~i~f. b. TMt (a) in the event of any bre+ch of this Mwtpage or default on the part of the MORTGAGOR, w(b) in ths event any of saW sums of naney herein refe?red to be not promptly and fully psid within thirty (30) days next afie~ the same severally betome due and payable, without demand w notite, or tn the event each and erery the stipulaYwns, agreements, conditions and coven~na of sa~d promissory note and th~s mortpaye any or eithe~ •re not iuly, promptly and fully performed, dixMrged, execvled, effected, completed, complied with and abided by, then in either a any s~ch eveM the said a¢ gregate sum mentaned in said promiuory rate then remaininy vnpaid, with interest ~caued, ~nd all moneys secvred hereby, shall betome dw ~~d pay- ~ able forthwith, or thereafte?, at the option of said MORTGAGEE, as fvlly aod completely ai ii all of the ~id wms of money were piginally stipulated b be psid on such dsy, anything in said promiuory note or in this Matysga to ths contrary notwithstanding; and there~?pon ot thereafter ~t the optron of i ~aid MORTGAGEE, without notice or demand, wit at law or in puity, therefore w thereafter beyuo, may be prosecuted u if all moneys secured hereby ~ F~ad matured priw to iri institutia?. - ! 7, That in the event that at the beginning of or ~t eny time pendi~g sny wit upon this Matgage, or to foreclose it, or to reform it, a to enforos { payment of sny daims he?eurKler, said MORTGAGEE sMll apply to the Co~rt having jvrisdKtion thereof for the ~ppointment of a Receiver, such Courf shall ~ fwthwith sppoint s receiver of said morigaged property all and singulsr, ioclud~ng all and singulu the income, p~ofits, issves and revenues from whatever ~ sourte derived, eath and every of whith, it beirg expressly ~nd~rstood, is hereby mwtgaged as. if specifitally ut forth and desuibed in the ~raMiny a~+d ha6endum da~sss I+ereof. and such Recciver shaU have aU the boad and effective furxt~ons and powers in anyw~u entrusted by a C«rrt to s Receiver, and wch appoinlmeM shall be made by wch Cowt u an admined equiy and a m+tter of absolute right to said MORTGA6EE, and without reference to the ~ edeq~acy w inadequacy of the wlue of the proparty mwtgaged or to the wtvency or insolvency of said N10RTGAGOR or the defendants, and that such : rems, profits, incane, issves and revenues sMll be applied by such Receiver according to the 1'ien w equity of ~aid MORiGAGEE and the practice of such ! Court. 4 8. To duly, promptly and fully perform, discF~arye, execute, effect, eonpkte, comply with ~nd abide by each and every the stipulations, agreeroenb, ? conditions and covenants in said promissory note and this mwtgsge set forth. ~ 9. That in the event the ownership of the mortgaged premises, or sny pxt thereof, becomes vested in a person other than the MORTGAGOR, tM MORTGAGEE, its suttessors and assigns, may, without notite to the MORTGAOR, dts! with such sucteuw w successor in interest with refcrence to this ~ mortg~ge and tF~e debt he?eby secured in the same ma~ner u with Mortgagor without in any way vitisting a dixharging the Mwtgagors' liability herr unde? a upon the debt hereby secured. No tsle of the premises hereby matgaged and no fwbearance on the pah of the MORTGAGEE or iri successon or auigns and no extension of the time for tMe payment of the debt hereby secured given by the MORTGAGEE w in sutteuors a assigns, shsll operate to rolease, dixharge, modify change or affM tt+e wiginal liability of the NbRTGAGOR herein, either in whole or in part. 10. It is specificstly agreed that time is of the essence of this contract and that no waiver of sny obtigatan hereunder or of the obligation se- cured hereby shall at any time thereafter be held to be s waiver of t!x terms hereof a of the instrumeM secured herby. 11. In add~tw~ to the forego:ng monthly paymenfs of princ'pal and interest required by the promiuory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addi~ional sum estimated by mortgagee to be eq~al to 1/12 of the annual cost of the follow- ing: - A-All real property taxes levied or assessed against the above described real esfate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvemenri situate o~ the above desuibed premises. C-Aremivms on such mortgage guaranty insurante as mortgagee shall from time fo time deert? fit to carry on tF?e ban setured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payabb on the due date of the next monthly payment and each successive month thereafter urstil mortgagee shall notify mohgagor of a change in such amount. Such sums shall be applied by mortgsgee toward the payme~f of real property tazes, inwrance prem:ums, and mortgage guaraMy insurance premiums. ' ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ~/es inl afores id. i 59ned. Sealed snd de~cvered :n the presence of: " ( Seal) ' n ~ •o ~ •n eal) ~ sr oF aoRio~ - 1 ~ St. Lucie i~ eef«e me Pe~so~a~~y a~e+red M1~llia~ F• S~p80A aDd BOri3td G• S~P80tii h1 wife i Ha~a~rd W.,,~, Sam son and Helda D. Saapson his wife• and Bserson G. ~$pa a r1s T~~s~on, p ~ t his ~r+fe, to me well known a to me to be the individwb desuibed in and wFa executed the foreyoinp irutnm~ent. ~nd ackrwwled~ed before me that they execured the sams for th~ p~rposes therein ~xpresxd. a?d rn~ ~ Bonita G. S son wife of Willia?s P'. S on• a Helea D S son W;fe Howard W. Saapson; and Iris T. Saapson, wife of Saeraon G. ,t;~~~ P,;~,,,. examinaYan by me take~ sepante and apsrt from her ssid husbsnd, adcrwwledged to end before me that she executed said inatA~~Tpt ~{reelr. iod. voluo- tarily end withovt any compulsion, comtraint, apprehension, or ear of or from her ssid husbsnd. " s~ - • :,-58 WITNESS my hand and officisl seal thi• day of D enber ~q, d' 1! ~ , , • Notary Pub~ ~nd fw ths~~rida at~~y~t' . • j , - • • My Commission expires: f2 _ J-; ~ ~ . . , Retvrn To: ' ' ' ~ - F~nt ~,i sa~~~: a ~ e?u«~ar~, FIlEO AND RECORDEO ? • - c ' : ~ NTY. FLA. ' " Of Fort P7erce. ST, Lv ~ E C Q U C ` i~ i Fwt Pierce, FI«ids n e!1 ~//~1~ Ft 0 • . . .i I ~~_`Z I y - ~ This Instrument Prepared By '68 OE~ 3~ 9•~5 ~ First Federal Savings b Loan Association ' of Fort Pierce . ~:p~ rOtTR~S . Checfced By• CIRCUIT COURT ~ 8oox174 PAGE~86O ~f ' _ _ _ ~~.~~y ~ ~ . ~