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Home My WebLink About2707 . . . . ~ . , 3. To place and continuously kcep on the buildirgi now a hereafter ~ituat~ on said la~d and on al! equipmcnt and ptisonsl~y covered by thit mottQ~ aqs, with al! premi~ms ~Aereon p~~d in full, fire insurance in tM usual ~tandard policy form, in a sum approved by the MORiGAGEE, and w~nd~torm ~ insuranc~ in the usual ~tandard pol;cy }wm, in • sum approced by the MORTGAGEE, i~ tuch company or compan~ei a~ the MORTGRGEE nwy direct; and all /irs and winditarm insurante poficiet on any of uid build~nps, a~y i?fere~l therein or part thereof, in the aggregaie ium aforesaid or In excsu thereof, shall contain the uw+l standard mwtgsya clause o~ such otFkr clause as tM Matyagee may rcqu~re, makiny the lou under •a~d po1F cie~, each •nd eve~y, payable ~o said MORTGAGEE as its imerest may sppesr, and e~ch and every such pol+cy ahall be p,omp>ly ass flncd m.d delive~ed to ~ny held by uid MORIGAGEE ~s (urther sccurity to said mort9age deb1, and, not les~ Ihan Icn (TO) days i~ adva~xe of the exp~rot~on of Q~ch policy, to d~- liv~r to taid MORTGAGEE a renewal the?eof, toge~her with a rece~pt fw the premium of such ~enewal; end there shalt be no f~re or w~~tidsror,n insurance pl~c~d on sny of ssid b~ildings, any intereu therei~ w pa?t thereof, unless in tM form and with tM lou payable as eforesa~d; and in tF+e event any sum of money becomes payable unde~ ivth policy or policies uid MORTGAGEE ~hall have ths option to receive and apply the »me on acccwnt of the indebted- neu utured hereby w to permif s~id MORTGAGORS to receiw ~nd use it or any part thereof for onc~r purfaoses, wi~hout 1h~+~o1 w3i~i~~g o~ unpair inp any equiry, lien w right under w by virtus of thi~ mor!~a9s; ~nd in the event ssid MORTGAGORS shall fw any reason fail to keep the said premius so insured, or fail ro deliver promptly ~ny of ssid polities of in~ura~+t~ to said MORTGAGEE, or fail promptly to psy fully any pre~~~ium there~o~ or in any respect fail ro perform, diuharge, execute, effect, complete, comply with and sb~de by this cove~aM, a any part hereof, said MORTGAGEE may place ar.d pay fa euch insurance w any parf thereof without waivinp w affectiny any option, lien, equ~ty, or r~gh~ under a by virtue of ~his Mwtgage, and tf+e full amount of eath and every iuch paymenl shall be immediately due and payable and sha!! bea~ interest lrom ~hs date iheraof ~mil paid at tM rat~ ol nine per centum per annum and to~elher with such interest thall be secured by the lien of thi~ mwtgsge. . 1. To permi~, commit w suffer no waste, impairment or deterioratia~ of taid prop~vty ot ~ny part thereof. ~ S. To pay all and singulu the coats, charges and expenses, including s ressonabte attorney's fee and cos4 of absiracts of titte, +nc~rre~l o~ paid at any time by said MORTGAGEE, because or in the evenr of t1x tailure o~ fF~ paat of the said MORTGAGpR ta duly, prompely and futly perfwm, diuharge, exetute, effect, complete, comply with and ab:de by each and evcry the st~pulationa, agreements, conditions, and covanants oi sa~d promissory note and this mortyaya any w ei~her, and w~d cosn, ch~rges and expenxs, esch and every, shaH be immediatety due and payable; wherher or not there be no~ice df mand, attempt to coltrct or suit pending; ~nd the fvll amovnt of cach and every such payment shall bear in~eres~ from ~he date thereot until paid a1 the rate of nine per centum per annum; and all said tosts, chsrges and expenses inc~rred w paid, logether w~th suth interest, shall be secured by ihe lien of thi~ i mat~sge. 6. 7l+st (a) in the even! of any b?escb of tfiis Mwtgage or defa~lt on the psrt of the MORTGAGOR, w(b) in the evenr any ot sa~d suma of mo~ey herein referrad to be not promptly a~d (ully paid within th;rty (30) days next after the same severally become due and payable, withou~ demand o? notice, or (c) in the event each and every the siiputations, sgreements, cond~rions aod tovenanb of sa:d prom;sswy note and th~s mortgage any or either are ool ~uly, promptly and fully performed, d~scharged, executed, effected, completed, complied with and ibided by, then in e~~her w any such event the said ag gregate sum mentioned in said promissory note then remaining ~npaid, with interesl accrued, and all maneys secured htreby, shal! become dve and pay~ abte for~hwith, or thereafter, at the option of said NtORTGAGEE, as tully and completely as il alt of ~he said sums of money were aiginally it~pulated to be paid on suth day, anything in said prortsissory nott or in this Mortgage to the co~tra?y notwithstanding; and thereupon or the~eaiter at the option of said MORTGAGEE, witho~t norice or demand, suit at !aw o~ in eqvity, thcrefwe or thereaher begun, may tse prosecuted as if ill moneys secured hereby had matured pnor to its i~stit~tion. 7. That in the eve~t that at the beginning of or at any time pending sny suit upon this Nbrtgage, or to foreclose it, w to refwm it, or to enforce payment of any claims hereunder, said MOR7GAGEE shell apply fo the Covrt having ju~isdiction the~eof for 1he appoinimem of a Receiv~r, such Coun shall forthwith appoint n receiver of uid mortgaged pro}~erty all and sir+gutar, includ~ng all and singular the intome, p~ofits, issues and revenues from whataver source derived, each and every of which, it beir~g expressly understood, is hereby mwtgaged as i( specifically set for~h and deuribed i~ the granting and habendum clauses hereof, and sucb Receiver shall have atl the broad and effective fvnct~ons and powers in anywlse entrusted by a Cour1 to a Receiver, and :~ch appointment shall be made by such Court as an admitted equity and a malter of absolute right to said MORTGAGEE, and without reference lo the edequacy or inadequacy oi the value of the property mortgaqed w to the soh'ency or insolvency oi said MORTGAGOR d the defenda~ts, end ?hat such rents, profita, income, iuues and reve~ues shall be applied by such Receiver according to the lien or equity of sa~d MORiGAGEE and ~he practice of such Court. 6. To duly, promptly'and fui(y perform, dixharge, execute, effect, complete, comply w7th and abide by each and every the stipulations, agreements, conditana and covenants in said promiuoty note and this mortgage sei forth. ~ 9. That in 1he event the ownenhip of the mortgaged premises, or any part thereof, becomes vested in e person other than the MORTGAGpR, the MORT(',AGEE, its successon and assgns, may, without nntice to the MORTGAOR, deal with such suctessw or successor in inrerest with reference to fhis t mortgsge and the debt hereby secured in ~he same manner as with Mortgagw without in any way vitiating w d~xharging the Mortgagors' Iiability Fk~e- under or upon the debt luKeby secured. No sale of the pr~vnisea hereby mortgaged and no forbeara~ce on the part of ~he MORiGAGEE a its svcceuors or assigns and no extension of ~he time far the payment of the debt hereby secured given by the MORTGAGE~ or its successors w au~gns, shalt optrate ~o release, d~uharge, modify change or affnct the original liab~l~ty of the MORiGAGOR hereia, either in whole or in part. 10. It is specifically ag+eed that time is of the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obligation se- cured hereby shaU at any time rhereafter be hefd to be a waivn of the teams heieof or of tF~e instrument secured herby, 11. !n add~tioa to tF~e forego:ng mor:thly paymenls of princ pal and interesl required by the promtssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an add~rional sum est~mated by matgagee to be equai to 1/' 12 of the annua! cost of the follow- ing: A-Ali real property faxes lev+ed or assessed against the above described real estate. B-Premiurns on Eire and windstorm insurance as herein requ:red to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guarsnty insurance as mortgagee shall frorts time to time deem fit to carry on the loan setur~ hereby. Mortgagee -shall from time to time notify mortgagar in writing of the amount due and payabte hereunder and such sum shall thereupo~ be due and payaWe on the due date of the next monthly payment and each successive month thereafter ur,til rtwrtgagee shafl notify mortgagw of a change in such amount. Such sums sFa;l be applied by mortgagee toward the paymenf of rea) property taxes, insurarxe prem:ums, and mo?tgage guaranty insurance premiums. IN WITNESS V/HEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year tirst aforesaid. Sign Seal and elivered in the presence of: ~~I~~'~ % .(SeaQ C.. t' ~lTf~.s~.s V1j~Lf~~R'r t. • b.1~Nq a0 sNn ~iT . L SeaO STATE OF FLORIDA Ut~~ Q` ~ t ~ . COUNTY OF Before me II a~ y ~ar~d Wilbert E, Villhard B6ttjl .j. Villhard his wife, to rrK well knawn and known to me ro be the individwls described in and who executed the foreganp instrwrKnt, and aclcnowledged before me fhat they executed fhe same fo~ ti~e purposes rr+~?~~~ exw~„~d. nnd ~ne Bett J,~ Villhard wife of tl~ said ilbert CS Vllih2?Zd upon a separate snd private e:amination by me taken sepa~ate and apan from her said hvsba~d, scknowledged to and before me that she executed said instrument frcely and volun- tarily and without ~ny compvlsicn, co~straint, epprehe~sion, or fear of or from her said husbaod. WiTNESS my hsnd and official seal this 7' 7~t' ~ dsy of Deeesb r a p. 19 69 ~ • Notsry Fublittin a~d for the Staro of Florida at lsrye ' My Commiuion expires: Retum Tx • ~r f+nt Fede?al Ssvings 8 loan Assoc7at~on , ;~D ~ECOROED • ~ / ~ Of Fort Pierce. ED _ . Fwt Pierce, flaida c-~' ~UC.~E. C~v~T~~~~~_~f: 4-.. _ _ n !1 ~ . ~ . . . . • ri~.~:~..i. . ~ - s ' - ~ - . . _ ,'2=••; ~ ~ i ~<< 23 1 .~~;;~,j~;.;,,, , , . , This Instrument P~epared By John W. CoI~~; '~g Q~ • -~'-,.'?:ti ~t.jvR•,_ ~ First Federal Savings Q Loan Association 9~r d-:= b 1$`75 _ :i.: : . _ : v of Fort Pierce~ F~oZida ~ ~ ~ = .~4 :~_rf :I~;TP~, uR~ _ ~i~~~?'~~~; - Checked By ~6~8. ~LERK C`'~ti~;T CO 1' ' ' - • ~ ~ ~1 . ti......-~'` O D ? ~ , 1 BDOK PACf Z I O I ( - ~ - ~ . ~ , ~ 4_ _ _ ~ ~ : n.~