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Home My WebLink About2072 3. To place and con~inuously keep o~ ?he buildingt now w hereafter iituate on said I~nd snd o~ att equipment and personaily cove~ed by Ihi~ malg- aqe, wlth atl premlums ~hereon pa~d in full, l;rs insurance in the uiual iur~a~d poGcy form, in a sum approved by the MORrGAGEE, and w~ndatorm iniurancs in the uiual s~anda~d po~~cy fwm, in s sum approved by ~he MORiGAGEE, ~n tuch company or corr.pan~es as the MORTGAGEE may di~eth and all (ire and windstorm insurance policies o~ any of said build;ng~, any inlerest thercin or part thereof, in the a~greyate sum a(oreuid w in excess Ihereof, shall contain the usual aeandard matgagee ciause or suth otFxr clause ai 1he Mortgagee may reqwre, making Ihe loas unde~ se~d polF cie~, esch and every, payable to sa~d MORIGAGEE as its interesl may sppca~, and each a~d eve~y such poiicy shatl be prompHy ass.gned and del;vercd to ~ny heW by uid MORfGAGFE as funber secu~ity to said mortgage de5t, and, not leu than ten (10) days ~n advance of the expiratlon of each po;icy, to da livet fo said MORiGAGEE a renewal thercof, toge~her with a receipf (o? the prQmium Of such renewal; and Ihere s}~all be no f~re o? windstor~n insur~nce plated on any of said buitd~ngs, any interesf therei~ or parl thereof, unless in the to~m and with the loss payable as aioresa~d; and in the event any sum of money becomes payable under such policy or polic~es said MORTGAGEE shall have ihe option to receive and aaply tha same on account o( the i~debted aess secur~d hareby or to permit said MORiGAGORS lo receive and use it ot any part thereoi for orner purF~oset, ..~nc~,ut rh,~~u~ wJiv~:~3 er unpair- ing any equ~ty, lien a?ight under w by virtue of this mo:!gage; and in 1he event ss~d MORiGAGORS shall for any rcaso~ fail to keep the said premises so insv~ed, or fail to de:iver promptly any of said policies of insurante to said MORTGAGEE, ot fail promp~ly to pay iu11y any pre~»ium thetefpt or in any + resped fail fo perform, d~scharge, execute, effecr, complete, comply with and abido by this covenant, or a~y part hereof, sald MORTGAGEE may place and pay fa such insu~ance or any part thereof w~+hout waiving or affecting any option, lien, equ~ty, or rlght unde~ a by virtue of this Mwtgage, and thc full amounl of each ond etery such paymem shalt be immcdiately due and payabte and shalf brar interest from the dare thereof unril paid at fhe rots ot nine per tentum per annum a~id to~ether wieh such inrere~t shall be srcured by the lien of this mortgage. 4. To permit, commit w suffer no waste, impairmcnt or deterioration of said property w any part thereof. S. To pey all and singular the costs, charges artd expenses, including a reasonable afto~ney's fee and cos~s of abstracta of t~tle, incurred or paid at any time by sa~d MORTGAGEE, because or in tt~e event of the failure ~n the part of the said MORIGAGOR to duly, promprly and fully per(wm, d~scharga. execute, eifect, complete, comply wn6 and ab:de by each and every the stipulanont, agreements, cond~tions, and covenanfs of sa~d prom~ssory note and th~~ mortgage any or ei~her, and sa~d costs, charges and expenses, each and every, shall be immediatety due and payabie; wheihe? or not there be no?ice de mand, attempt to collect or suit pend;ng; end the full amount of each and eve~y such payment shat~ bear inrerest from the date thereof until paid at the rate of nine per centum per annum; and aIl said costs, charge~ and expenses inturred or paid, together w~th such interest, shall be setured by the lie~ o( tha mortgage. ~ 6. That (a) in the event of any brcach of this Margage a default on the part of the MORTGAGOR, w(b? ~n the eveM any of sa[d surtu of nwney ~ herein referred to be not promptly and i~lly paid with~n Ihirty (30) days next after the same severatly become due and payable, withou~ demand or notice, or (ci in the event eath and every the stipulations, agreemenfs, conditions and covenants of sa:d prornissory aote and th~s mortgage any or either are no1 ~uly, promptly and i~liy periormed, d~scharged, executed, eife:ted, compteted, complied w~~h and ab~ded 5y, then in e~ther or any such event the said sq~ gregate sum mennoned in ;a~d promissory note thrn remaining ~npa~d, with interest accrued, and atl moneys secured hereby, shat( become due aad pay~ able forthwith, or thereafrer, at the option of said MORiGAGEE, as fully and completely as if all of the said sums of money were or~ginally stipuiated to be pa~d on such day, a~yth~ng in sa:d promissuy note o~ in this Mwtgage to the conrrary notwi~hstand~ng; and ~hereupon w thereafter al the op~~on of said MORTGAGEE, wiihout notice or demand, suit at law w in equity, theiefore w therealrer begun, may be paosecuted as if aU moneys setured hereby had matured pr~or to its insutution. 7. That in the event thaf at the beginning of a at any time per?ding any s~if upon this Mortgage, a to foreclose it, w to refo~m il, or to enforce payment of any cEaims hereunder, said MORTGACaEE sFall appty to fhe Court having jurisd:ction thereo! for the appointmenr of s Receire~, wch Courf shall foithwi~h appoint a receiver of said morlgaged prooerty all and sirgula?, includ~ng all ar~d singular the income, prof~ts, issues and revenues from whatever source derived, each and every of wh~ch, it beirtg express~y unden~ood, is hereby mor~gaged as if spec~fically xt fwt6 and dexr+bed in tl?e g~aMing a~d habendum clauses he~eof, and such Receirer shall have ali the broad and effective fvnct~ons and powers in anywise entrusted by a Court to a Receivrr, ar~d such appointment shall be made by s~ch Court as an admitted equity and a matter of absotute right to said MORTGAGEE, and without re(erence to the adequacy w inadequacy of the value of the property morfgaged w to the sotvency or insolvency of said MORiGAGOR or the defendants, and tha! such ren~s, profits, income, issues and revenues shall be applied by iuch Receiver acco~d~ng to the lien or equity oi said MORTGAGEE and the practice ot such Court. 8. To duly, pramptly and fully perform, discharge, execute, effcct, comptete, compty with and abide by each and every the stipulations, agreementt, tonditions and covenanu in sa~d promisswy oote ansl this morigage set fath. ~ 9. That in 1F~e event thr ownership of the mortgaged premises, a any part thereof, becomes vesfed in a pe~son otFu? fhan the MORTCaAGOR, ths MORTGAGEE, its successors and assigns, may, wishout notice to the MORTGAOR, deal with such successw w svccessor in interest with reference to this mortgage and rhe debt hereby secured in the same manner as w~fh Mortgagw without in any way vi~iating or d~scharging the Mortgagori liability hero- under a upon the debt he~eby secured. No sa:e of the premises hereby mortgaged and no forbearance on the part of the MORiGAGEE w its suctessors or ass~gns and no exrens~on oI the time fw the paymenr of the debt hereby secured given by the MORTGAGE' or iJS successws or assigns, shall operate to retease, discharge, modify change or affect the original liab~l~ty of the IVIORiGAGOR herein, either in whole w in part. 10. It is speufically agreed that t~me is of the essence of this contract and that no waiver of any obl~gation herevnder w of the obtigstion sr c~red hereby sha(1 at any fime thereafter be held to be a waiver ot the terms hereof or of the instrument secured herby. ~ i. In add.t~o~ ro the forego'ng monthly payrtwnts of p~int pa! and ente~est required by the prom~sscry nore secured hereby, mortgagor covenants ' and agrces to pay to mo:tgagee vvith each monthly payrlent an aduiriona) sum est~mated by mortgagee to be equal to 1;`12 oi the annval cost of tlx follow- ~ng: A-All reat property faxes fev~ed cr assessed agai~ist tF~c above descrihed real tstate. B-Yremiv~ns on ii~e and windsto+m insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage gumanty ir.surance as mo+tgagee shall from 6me to time deem fit to carry on the ban setured hereby. ~ Mwtgagee sha11 frcm time to time notify mortgagor in wr;ting of the amount due and payable hereundar and such sum shall thereupon be due and Y payable on rhe due dare of the neat monthly paymen! and each suctessive month thereafter ur,til mortgagee shall notify mortgagor of a change in suth i amount. Such sums sha:t be applied by mortgagee toward Ihe payment of real property taxes, insurance prem:ums, and mortgage guaranty insurarue premiums. IN Y~1TNEa5 Y REOF, s; saed MORTGAGOR bas hercunto xt his hand and seai the day and year first atoresaid. igned, Seal nd e i in exn~e of: ~ •~..~ia ~ ~n . • cs~~n ~ a~ STATE OF FIORIDA Se~ ~ ~ . cour,n oF ~ I.ucie ~ ~ - ` ~ ea ~ ~fa~ ~,~„anY a~a«a ~+1111iam F• S son and Bonita (3. son his xife• Hoxard , ~a~npson and Nelen D. Sana~pson,. his Wife; and Bnerson (3. Saam4 g~ Son s~e 1~Dwife, to me w II nown a knov~ to me ro the ~ndmdvab dauibed in and who executed the foregoing instrument, and sckryow{edged (xfwe me that they executed the sarrK for the pvrposes ~r~«~~ expressed. And .a~~~nita a. Sampson. xiPe of William F. Sampson; snd e e 4en wife of the said ~~~'d w. 581~901ai 811d ZI''13 T. $87lpSOTI. S~T~f'@ of Emerson G. , vpon s separate snd privit~ eaamination by me taken separate and apart from~ seid husbancl~~ stknowledge~ to and before me that ~he~rexecuted said instrumeM freely and voluo- tarily and without sny compulsion, constraint, apprehension, or fear of or fromlfis said husbands. WITNESS my hand and offitial sea! t6i: ~ 9 `7. day of ~ A. D. i9~ s Notary Public in and (or fhe State of Fbrid at Larye ~ My Commission expires: ~ Retvrn To: ~ first federal Savings d Loan Associarion ~p~ P11~, st2t0 0~ ~0~!'~,.a23 ~x~ Ol fort P~erte. ~Y (pG11~:SSh1A Exi'%~a ~ - Fwt Pierce, Florida ~Ga ti /1~wiw i~y FlI,ED AND RECOROED ~ ST. LUC1~ C4UNTY. FLA. ,""•at _ :.c..~^r.:) ~~cs?;=~r~ . E. _ 'Oy " •J ' This Instrument Prepared By JBtqes D. Chastain A First Federat Savings 8~ loan Association ~`~3 ~ of Fort Pierce ~ Fjol'id3 '7Q r~t~Y 20 ~ ~ ; ys = _ ; Checked By:~ ~ ~~~i.~.~.~ ;~;1~;;' `3r.~~ ~ ; ' Z-.w L ~ ~ ~ a ':n~::.'? 1'01 i F..~.S ~ .J~ : ' - p CIERK C~RCUIT COURT' , . ~xi84 ~a~z0~q ~ ~ - ~ ~ _ _ . _ - -