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Home My WebLink About0196 3. To place and continuou~ly keep on Ihe bu~ld~nyi now or herea(ts? ~ituat~ on sa~d Isnd and on alt equip~nent and pe:sonstly covered by fhis morlg- _ sge, wilh all promwms thrrccn paid in lull, fire insurance in the uiual sta~xla~d policy form, in ••u:n epp~ovad by ~he MORiGAGEE, ar~d winditwm i iniuraue i~ the usuat t~anda~d pol~cy fam, in a sum appro~ed by the MORTGAGEE, in such company or compan~es as Ihe MORTGAGEE may direu; •nd aU (ire a~d windaio~m i~~urance po~kie• on sny of said buildmqs, •ny intero~l the~ein or parf thereol, in Ihe agg~egare wm ~faesaid or t In ~aces~ thercol, ah~ll conrain ~he ~iua~ •tandard mortyaflee clause a such other clauss ~f Ihe Mo+tysgeo may requ:re, makinp ~he loaf under ta~d po14 cie~, each end every, payable to said MORTGAGEE sf ~ts interesl may ~ppear, and e~ch and evo~y suth policy ~hall be promptly ass gned snd delivered to ~ •ny held by said MORiGAGEE as further security to said mwtflage deb1, and, nol Iess than ten (10) days in adva~ue of the expi~a~~on of each pol~cy, to da Iwer 1o said MORiGAGEE s renewal thereof, to~ether with a receipt fw the premium oi tuch ro~~ewal; and there shalt be no f~re or windsto•m iniurance pixed on •ny of ~aid buitdings, •ny interest therein or pail thereof, unle~s in 1FN form and wilh the loss peyab!e as aforesaid; and in th~ event any ~um of mw~ey bccomei payable under such policy or pol~cies said MORTGAGEE ihall have ~he option to recaive and app~y Ihe same on account of tAe indebied- neas sccu~ed hereby or to permit aaid MORTGAGORS to reteive and uss If p any part tAereof fa other pur~.oses, v~itho~l th_nur waiv~~ig or m:pair• ~ infl any eqv~ty, iien or right unckr w by virwe of this mo:tgage; a~d in ~he event ~aid MORTGAGORS shall for any ~eason fa~l to keep the sa~d prem~~s so F ~nsured, a fail to delivcr promp~ly any of said policies ol in~ursnte to said MORTGAGEE, o~ (ail promptly to pay fut~y any pie~ni~~n there~or or in any ~ respect fai) eo pe~form, d~scha~ge, execute, effect, complete, comply with ~nd ~bide by this covenant, a any pa~~ hereof, se~d MORTGAGEE may place ~~~d ~ pey fo~ tuch iniurance or any part thereof withouf waivi~q or afiecting any option, lien, equity, or righ~ undN o? by virtue of this Ma:gaye. •nd the ' f~ll amount of escA and e~ery such payment shall be immediately due and payable and shall bear intere~t from the date Ihereol un~il paid a~ ths rate ol n~~}e per cent~m per er~num ar.ai to~rthar w+th tu:h ii.tE:~Si SFi3:: .~-.e se:utc~ bq !!sa liar= Cf :kis sr.xl~sgt. 4. To permit, con+mi~ w s~fler no waste, impairment w deteriorotion of said property or +ny part thereof. S. To pay all and sin9uls~ the costs, cMrges and expenses, including a reasonsble ~~twney's fee and co3~s of absiracti of title, incurred a pa~d ai nny time by feid MORTGAGfE, because w in the evero of the failure o~ the part of ~hs said MORTGAGOR to duly, promptly and fully perlorm, d~scharge. execute, etfect, tomplere, comply wAh arxl ab:de by each and every the s~ipula~~w~s, agreemenb, candi~~ons, •nd covenants oi sa~d promissory note and this ;r:ortgaye any or e~iher, arx! sa.d co~ts, chsrg~s ard eapenses, each and every, shall be immediately due and payable; whether w not there be notice d~ mand, ettempt to colfect or s~it pend~ng; end the full emouM of each and every such paymeM shall bea+ intercsl irom the date thereof umil p~id af the r,,~e of nine per c.nwm per annurn; and all said costs. che~ges a~x! e,c~nses irxurred or psid, togeiher wdh such interest, shall be secured by the Gen of thif matyage. 6. That (a) in the event of a~y breach of this Mortqage or default on the pa.t of the MORiGAGOR, or (b) in the evenl eny of said :ums of money ' herein refened to be not pron,p+ly and fully paid wi!hin th~rty (30) days next after the sa~:e severally becane due and payable, without demand or nouce. er (d in the evem each and every the stip~lanons, ag~eements, tondit~oiu snd covenants of sa:d promiswry note and th:s mortgage eny w e~ther are no1 ~.~I~. oromoNv and f~11v oerfor.nrd, d~xharoed, eaecoted, eifeued, completed, compi~ed wi~h and ab~ded ~ay, then in e~ther or any such event tha sa~d ag gregate sum ment~oned in said p~om~sxory ~w~e then remaining unpa~d, with inte~est accrued, ar.d atl moneys secured hereby, shall become due and pay eb~e (orthwith, w thereafrer, at the oFtion of said MORiGAGEE, as fully and completely as i( all of the said sums of money were w~ginally 3nputated io be pa+d on such d.:y, anything in ss:d praniiso~y ~ote or in this Matgage to the controry ootwithaland~ng; and thereupon o? tFxrea}te? at the opUon of sa~d MORTGAGEE, wnhout not~:e or demand, suit at lew or in eqvity, theretwe or thereaher begun, may be orosecuted as if afl moneys secured hereby had maWrtd pnor fo ~ts instilution 7. That in the event that at the beginn;ng of or at any time pendi~g any suit upon this Mwtgage, or to fweclose it, w to refwm it, or to enforce payment of any cla~~„s he•e~nde~, seid MORTGAGEE shall apply to the Court having juriul~ction thereol for ~he appo~ntment of • Rece+ver, such Co~rrf shall ierthwith appoim a rcceiver of saio ~nure~a~r~ ~eperty ~11 and sinQ~~la., ;..ut_.~:~ a!! s^~ sEr.^yuts. .ti~ r._~_._, ....1 ..~...._.ea l.n.,. w6wewv~r s: ~~ce derived, each and every ol whkh, it being expressly v~ders~ood, is hereby mortgaged as +f spec~frcelly set forth and described in the praming ar+d habe~um clavses he.eof, and such Rcceiver shall have all the broad and effedive funct~ons and powers in anyw:se entrusted by a Gou~t to • Receiver, snd s~_ch appointme~~t ahel: be made by s~ch Cou~t as an admitted equity a~d a matte~ of absolute right to said MORTGAGEE, and without re(erence to the ndequsq w inadeq~acy of the value oi the property mortgaged or to the so~venty or insolvency of sa~d MORiGAGOR or the defendams, snd that s~ch rems, profits, inco~ne, issues and reven~es shall be applied by such Receiver accord~ng to the lien or equity of uid MORTGAGEE and the practice of such Court. 8. To duly, prompNy and fully periorm, d~xharge, execute, efiect, complete, comp~y with and abide by each and every the s~ipuletions, egreements, conditio~s -~~+d covenants ~n sa~d p+om;ssory note artd this mortgage set forth. 9. Th~t in the event the ownersh~p a( the mortgaged premises, w any part the~eof, becomef vested in a pe~son other lhan the MORTGAGOR, the 41~ RTGAGEE, its successws and sssigns, may, wi~hout notice to the MORTGAOR, deal with such successc+r o~ succe~sw i~ interest wi~h rete~e~ce to this mo~rqage and the drbi hereby secured in the sfine manne~ as with Mortgaga w~thout i~ s~y way vitiatirg or d~uharging the Mortgago~i lisbility here- under o? upon the debt hereby sec~red. No [a!e of tFx Fremises hereby mortgaged and no lorbearance on the pan of the MORIGAGEE or its sutcessas or assigns and no e~.rens~o~ of the time Iw the paymer.t of the debt hereby securcd given by the MORTGAGE'_ o: itt successw• u asa[yns, s~ull operats ro rNease, d:scharge, modify chsnge o~ affect the original liab~i~ty of the MORTGAGOR herein, ~ither in whole or in part. 10. It is speuficalty agreed that time is of the esunce of this contract •nd that no waiver of any ob~igat~on hereundcr or of the oblig~tion se- c~red hereby shaii a~ any hme thereafter be hefd to be • waiver ot the termf hereof or of the instrument secured herby. 11. In acid ~:on !o ~he forego'~~ monthly paym~nts of princ pel and inrerest required by the prom~awry no~e secured hereby, mortgagor covenants ,^d agrces to ;,ay to reo-tgagee v~~th each monthiy payrnent an add~rionat sum est~mated by mortg~gee to be eq~al ro 1,' 12 of the a~nual :ost of the follow- ,;3_ • A-AIt ~ea~ prope.ty ta,ces levied or assesud agai~st Ihe above described real estate. ? B-Fr~:-:::..-,s on flre and w~ndsiorm ~nwrance as herein ~equ~reci to be carried on the ~mproveme~ts situate on the above d_x~~bed promises. ' C-Prerniums on s~ch morrgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on tFr loan secured hereby. 1Norfgagee s~a'i frcm t~~ne to nme r.orify mongagor in writing of the amount due a~d payable hereunder and such sum shall theieupon be due snd ;~,able on the dur aaT~ oi ~hE rext nwnth:y paymeM and each svccessive month thereaher ur.til mwtgagee shall notify mortgagor ot a change irt such ~ a-.ounr. $uch s~ms s! a I be appGed by matgagee toward the paymem of real property taaes, insurance prem:ums, a~~d mortgage guaronty insur~nce ~ ,>~emi~mt. ; IN Y~itTNESS ~VHEREOF. ~he said MORTGAGOR has hereunto set his hand and seal the day and year first sfweuid. t ~ ' Signed, Sealed and detivered i~ tfie presence of: ~ - _ ..X ~_-~.'1ts~.~ ~ ~ • ~.n & ~ s~.n / s~.n ~ ,iA1E OF fIORIDA ~ v ST . UlC I E c:,uNn oF defae me penor+a~iy sppeared Henry I~OZ~SIi FlOya i~ ~ Cecelia FlOyd ~ his wi(e, to me well known and known to me to be ~ ~he individwls deu.ibed i~ and ~who executed the faeyarg instrument, ~nd acknowledged before me that they executed the same (o~ the purposes ~ rheroin expressed. •And ths sai~ Ceeelia F~• FlOyd Henry Norman Floyd u , .,re ,nd ,M1~fe of the said Po^ xP+ P~ ' e¦am~nat~on by me taken separate and apart from her said hvsbsr+d, ack~owledged to •nd before rrw that ihe executed said instrument freeiy snd volun- ~ ~a•~fy and witho~t any co~*+puisa~, co~straint, apprehens~on, w~+fesr o~ or from t~er said husband. ~ WIiNE55 my hand and offic~al ~xal thia ~~_~!L- day of Se tember A. p. 19 7O ~ ~ ~-~~,1 ~ _ Notery Pubtic in and fw the State of Fbrida at l~r~ . My Gommission expirea: ~ ~ ~ Return To: ,~~~t.•~"r;r••' j' NOT1tR11 POBI{C~ STATE OF RORID~ AT LAR~ first Federal Saviny~ 6 loan Auociatbn s~~ ~IY C'J4SMIS_ t7N EXp~RES SE E~ j9» Ol fort V:erce - i%t~: ~H~ F~ ~ p~( r ~ • 4 forr P:erce, flonda ~ ~ = = . ~FILED~~AND~RECBR~~~ ~ - ' ST. I.UCIE COUN~; ~ ; - R~CORD VERIFIE~ - • -c~ " ? This Instrument Prepared By John 11'~~~~qsl '~L r„ : A r-n First Federal Savings b loan Assotiation ?j ` ~`~~`7"~ F lorida . ~ , . ~ 6 ~ ~Z ~Z ~ of Fort Pierca • 1~ - " ^ ' ~ ' t?0 ~`EP ! ' Checked By L~-- . . . `~y~~ °;y::~: ~:l- ROGER POITRAS 0 R~'8'~ ~ i~ CLERK CIRCUIT COURT~ ~ 800'K ~ . ~ ~ ----r~ .