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Home My WebLink About1022 t ~ , ~ ~ . • ? - ~ , S. To plac~ aed contirwiously ke~p on tM buildi~ now or hen+hK ~ih++h a^ aid land a"d c^ ~11 equlpment aod p~nonaily covK~d by this map~ ~y~, with ~U pnmivms Ihsrwn p~id in full, tIn iasu~~nc~ in tM wwl sundard policy fo~m, in a sum apprewd by tM MORTGAGEE. Md windstorm Inwru~ce In tM vswi ~qnd~~d policy tam. tn • sum ~pprov~d by tFw MORTGAGEE. in wch comP+^y o+ comP+ni~s as tl+e MORTGAGEE may dihctt and all fir~ u~d windirorm ieswano~ Policies on any of Mld bNiWilpi. My (RM/qt iFNl~Ifl Of ~1 1MfWf, in tFw ~q~epar~ wm ~for~said a In uca~a thenof. sMll ca+tain tM usu+l ita~dard mortpa~ claus~ a tuch otMe daus~ u tM M«~p~p~e m+y reqvu~, makiop tM loss u+~da~ s+id po~i~ ci~s. ~ach and twry. paYabl~ to s+id MORTGAGEE a in interest may app~u. and ~sch and ~very svch poliq shall b~ p~omptly asi~yned ~nd d~livKed to ~ny Mld by s+id MORTGAGEE as iwthe+ security to s~W rta.tp+ya d~bt, ai+d, nW ku tMn ten (10) d~ys I~ advince of tl+~ expir~f'ron of e~ch policy, ro d~ IivK ta said MORTGAGEE a ~~new+l tMrwf. topNF?K with • nc~ipt fw tM pr~miwn of wch renew~ll and ~hx~ shstl b~ no fit~ a windstam inswanu plac~d on any of said buildirgs, aoy io~er~at tM.~in or p~n the~~of, unl~ss to ehe (wm ~nd with tM loss payabl~ a aforeseidJ uid in th~ ~wnt any wm ef inen~y pecwms payabb vndK wch polky a polici~s aid MORTGAGEE sl+all Mw th~ optio~ to nceiw and ~pply the san+~ on acca?~~ of tM indebted~ nas sav«d Mteby or b ps+mit s+id MORTGAGORS to receiw u~d uN h or a~y psrt thereof fot oth~~ purposes, without thtreb/ waivi~y o~ imp+ir- irg any puiry, lie~ w right ~x~ds~ or by virtw of this mortppa; ~nd in tM ~wnt uid MORTGAGORS shall for sny ~easo~ fsil to keep the said p?emiu~ so ir?i~red, a fsil w deliver prompNy any of s~id pol`icies of iasvranp to said MORTGAGEE, w fail promptly to pay fvlty any premium therefw o~ in a~y respect fail b psrfomw, dixMr~e, ~xecut~. ~ff~ct. complet~. aomply with ~rd ~bide by thls covenant, w ~ny psrt hsrwf, said MORTGAGEE may pt~p ~~d paY fa such trowana w ~ny part tMrsof without waivinp or afhctinp any option, li~n, equ~ty. w right under a by virtw of this Mwroap~. and the full smount of ~ach u+d wery svch peyment sMll be irnmediately due and p~y+bb and shall bsar interest from ths dat~ thereof until paid at tM rab of • t n~ne per antvm pK annum and toyether with such interest sh~ll be securod by th~ li~n of this mortpa~e. I 4. To p~rmit. oommit or wffer ~o wut~. impaume~t or detKioration of said propaty or any put thereof. ~ S. To pay ~II and ainpul+r the cwts, ch~ry~s a~d ~xp~nse~, includirg s reasonabk attorney's fee and costs of abstracts of titN, incvrred or paid at any time by s+id MORTGAGEE, becauss u in th~ ~w++t of 1M f~ilure on the p~M of th~ said MORTGAGOR to duly, promptly and fi,11Y perform, d~scM~ execute. ~ffec~, compt~», comply with snd ~bide by ~+ch snd every the stipulatio~s, ayreements, conditions, and oovenanb of said promissory ~ote and this morty~g~ aM? w either. ~nd said cwts, d?uget and expens~s, sach +rd ~very. sh+Il be immediately dvs snd p~yable: whether w not there be noY~a da mand, +ttempt to oollett or suit p~ndirgt ~~d the full amovnt of ~ach end wery svch psyment shall bea? i~terest fran tFw date thereof until pafd ~1 the rate of nine pcr ce~+tum per annum; and all aaid cosri, th+ryes ~nd expensea incvrrad or paid, toyether with uxh i~terest, shall bs ucurod by the lien of tha mort~ap~. 6. TMt in the evant of any brexh of this Mwtysye w default on the part of the MORTGAGOR, o? (b) in tM event any of said sums of ma+ey herein rofe~red to be ~ot promptly and fully p~id within thirty (30) days nexl after the same seve~ally hecome d~e and p+yabk, withoW demand w notite. or W in the event each ~nd every tl+e stip~laY~ons, agreen+Mts, cond~tions and covenann of sa~d promissory note and this matps~e any a either an nw iuly, promptty and fully perfwm~d, discharyed, executed. effecred, completed, complied with and abided by, tMn in either w ~ny ~uch ev~nt the said ag gregaro wm mentioned in s~id promiswry note then remaininp unp~id. with interest xuued, and ~II moneys secured hereby, sF?all becomt dw and psy- able fonhwith, w thxeafta+, a1 the option of ssid MORTGAGEE, at f~lly and cnmpletely u if all of the said wms of money were oriyin~lly stipufsted to be paid on such daY, anythirg in ss~d promiswry note or in this Mortya9e to ths cootrary notwithstanding:.and therevpon w thereaher at the opiwn of ssid MORTGAGEE, without notite w dam+nd, wit ~t law a in pvity, tlterefore or theteafter begvn, may be prosecuted as if all ma~eys secvred haeby had mafwed prio? to iri Gutitution. 7. That in fM event that at the begiminp of or at any time pending anY wit upon this Mo?tgag~, or to fweclose H, or fo rofwm it, a to enforce payment of a~y daims hereunder, s~id MORTGAGEE shall apply to the Court haviny jurisdidion thereof fw the ~ppantmenl of a Receiver, wch Cowt shall ~ Forthwith ~ppoiM s reteiver of said mortpaged property all aed sirgular, incl~dmg all and singutar tF+e income, prAfit~ issues and revenues irom whatever wurce derived, each and every of which, it beinp expressly undsrstood. is i+ereby mwtgaged as if specificatly sN forth'and desaibed in tl?e yrantiny snd habe~dum dauses hereof, uid such Receiver ahall have all the broad and effective funct~om and powas in anywise entrusted by a Court to ~ Receiva, ~nd ~ such appointr~w+~t shall be made by such Court u an admined equity and a matter of abwlute right to said MORTGAGEE, and witho~t reference 1o fhe adequscy w inukqwcy of the wlw of tlx p?operty mortgsged w to the sotvency w insolvency of taid MURTGAGOR w the defendants, and that such renrs, profits, income, issues and revenves sh+ll be spplied by such Receivcr sccwdin~ to the lien or equity of said MORTGAGEE and the practke of such CWA. 8. To d~ly. p?omptly and fvlly perform, discha~9s, execute. effect, complete, comply with and abide by esch +nd every ths stipulations, agreemenri. conditioru and oovenants in said promiuay note and tFw mortysgs set forth. 9. That in the event the ownenhip of the mortg~ped premises, or any part thcreof, becomes vested in a penon other than the MORTGAGOR, ths MORTGAGEE, in successon ar~d assigns, may, without notice to the MORTGAOR, deal with such succeuw w wccesso? i~ interest with reference to this matgage and the debt hereby secured in the same manner as with Matgagor without in any way vitiatirg w dixharging the Mortyaqorf' liability herr under o~ upon the debt hereby secured. No sale of tha premises hereby mortgaged snd no forbearar?ce on the p~~t of the MORTGAGEE a its suaessors or auig~s and no extension of the time fw tF?e payment of the debt hereby secured given by the MORTGAGEE or iti successon or auigro, ~hall opente ro rele~se, discFiuge, modify change w+ffect the wiginal liability of the MORTGAGOR herein, either in whoie w io put. 10. It is spec~ficatly agreed that time is of the esunce of this contract and that ~o waive? of sny obligstan hereunder or of the obligation ~a- cured hereby sF~sll st any time thereafter be hcid to be a waiver of the terms hareof a of the instrument secured herby. 11. In add~tion to the fwego:ng monthly paymenri of princ'pal and interosf required by the promiswry note secured hereby, mortgagor covenants and sgrees to pay to mortgagee with each ma?thly payment an add~~ional svm estimsted by mortgagee to be equal to 1/12 of the an~ual cost of the folfow- ~ ing: ~ A-AII real property taxes kvied or auessed against the abovs deuribed resl estate. ~ B-Premiums on fi?e and windstorm inwrance as he~ein requ~red to be ca~ried on ihe improvements situate on fhe ebove described prem2ses. ~ ' C-Premiums on such mortgsge gwranfy insu~snce as mortgagee shstl from time to time deem fit to carry on tFx loan setured hereby. ~ Mortgagee shall from time to time notiiy mortgagor in writing of the amount due and psyable (xreunder and such sum shall thertupon be due snd ~ payable on the due date of the next monthly payment and each svccessive month theresfter until mortgagee shall notify mortgagor of a change in such ~ j amount. Such sums shall be applied by mortgagee toward the payment of real property taxes, inwrance prem.ums, and mortgage ranty~inwrance j ~ premiums. ~ ~ IN WITNE55 WNEREOF, the ssid MORTGAGOR has hereunto set his hand and sea) tF~e day year fir t afwesi ~ ~ Siyn , Se~ ar~deli,~ in the p?eaence of: ~ ~ ~ ~ ~iii1/Ui~V ~ , . ~ ~ ~ rc--n STATE OF FLORIDA ~ ST. U]CIE cour~n oF ~f~ ~~~~~Y Jdme s fi. Adki SOn ,,,d Nannie Lee Adkison h;, w~te, ro me well known ~nd knawn to ms to b~ the i~dividvab described io and who ~xacuted ths fueQoi intt t, and 1~ ed before me that tF+ey exetvted the sart+~ for tM p~rposes ~Vann~e Lee Adkison ' therein expressed. And th~ si wife of tM s+id ai~eS . SOri ~pw~ a sepaate ~nd privat~ exani~nstan by me taken separat~ snd apan from her said husb~nd, ~cknowledged to and before m~ that she executed ssid instrument fratly and vol~n~ rsrily and w~thout a~ryr compulsion, cor?itraint, ~ppceh~nsion fear of or from her said husband. ~ ~ WITNESS my hand ~nd official seal thi day of June A. D. 19 69 - ~ ~ ~ ary puWic in and for tM Stat~ of Florid~t~ Luy~ ` ~ ~ , . My Commission ~xpires: - , . - ~ Retum Ta _ , . ~ ~ fint Fedenl Ssvlnps i loan Asiociatioa . ~ J ; . . ~ ~ ~ AOfi~ ~ ~ Of fort P~erce. ' ` ~ _ ' ~ r, ~ ~Sapf. 23. 19b9~ ~ ~ Fort Pierce, flwida - - - ° v• • i : ~ q_ ~ ST. lUC E CpU~N dY FEO ~ ^ ~ ~i ~ - L14. f ~ D C asta ~ . j -C4RD V~RIFlED This Instrument Prepared By J. • h ~ L C ; C ~ First Federol Snvings b loan Associstion ~ J'' - V of Fo~t Pierce ~ FloZida ~ • ~ • ~69 ~~~y 23 ~ 3 . . ~ 3 c~,~~ sy ~ ~ ~ e~~~ ~ ~~'~R 'OITRAS ~ CLERi( CIRCUIT COURT' ~ _4 ooK 178 ~.02~ ; - P ~ ~ ~ - ~ : - - - - - -M~: ~y. . , - - . 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