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Home My WebLink About0265 S. To plac~ and contin~ouily ke~p on tM buitdinqi now w here~ftN ~itua~~ on s~~d land ~nd o~ all equipment ~nd ptnon~lly tovered by this mott¢ ' a~, wilh dl premiwns 1F~er~on paid in fuil, fir~ liuur+nce in ths usv~i ~I~nda~d polity form, in a sum approved by Ihe MORTGAGEE, a~d windstwm in:wance in tM uswl ~undard poGcy fam, in • ium ~pproved by the MORTGAGEE, in such company w companiei ~s tM MORiGAGEE may duKtj ~nd •11 iir~ a~d w~ndstwm inwr~nc~ policiss on any of iaid buildirq~, ~ny i~tart~t thtrein w part thereof, in ~he agyreg~~e wm aforesaid o~ I~ ~xcHS ~her~of, aMll contain tM uswl s~~ndard mort9s9e+ cl~ua~ a iuch otlwr claus~ ~i tM Matyaqe~ m~y requ~n, makirp ~hs loss undea sa~d pol} ci~s, eacA ~nd ~wry. paYabk w uid MORTGAGEE u its intere~t may ~ppear, and each and ~ve~y i~ch poliq shall b~ promptly a~s y~ed and delivered to ~ny held by said MORTGAGEE ~s furtMr secwity to said mortpays dcbt, and, not lets ~ha~ te~ (10) days i~ ,adva~ce ~oi tM expiratan ot exh policy, to dr IivN to ~aid NWRTGAGEE • ren~wal ther~ot, to~+hK with a reteipt for the pemium of such renewal; and Ihe~e shall be no~fire or windatam insuranc~ placed on ~ny of iaid b~ildinps, any inlereit thtr~ie? w ps~t thareof, unleu in tF?e fam ~nd with the loss payabl~ u s(aesaid; and in tM event any sum of mwwy becomet payable u~ such policy a policies said MORIGAGEE shatl have ~he option to receive and apply the wme o~ accoum of ths indebted- neu tecu~~d F?Keby o~ lo pe~mil said NIORTGP.GORS to reteiva ~nd uf~ if w iny parl thercOf fw othcr purposes, wi~Fr~~t Ih=reb/ waivi:ig or m~pair- i~ an~ p~ity, lien or right v~der w by virtue of this mprlg~ge; +nd in ths went sa~d MORTGAGORS shall fa a~y reaton fail to keep tha said pramises so iruuted, or fail b delivcv promptty any o( said policies of i~surancs ?o said MORTGA(iEE, w fail promptly to p~y fully any premium therefor a in any resped fail M perfwm, diuharge, execute, effect, camplete, comply with u~d ~bide by this covenant, w any par~ hereof, taid MORTGAGEE may place and psy for such i~?suruKe or ~ny part tMreof without waivirg a iffectinq ~ny option, tien, equiry, o~ right v~e~ a by vinus of this N4ortpsQe, and the fu!! amounl of eath and every ~vch payment ihall be immcdiately due and payabls and ihall bear interest from ths daN thcreof until paid a1 the rate ol nine per centum per snnum and to~ether with wch iMerest ihsll be sec~red by IM lien o( this mortgage. 1. To permit, commit w suffe? no wa~ts, imp~irment or deteraretion of s~id property w sny part tAcroof. 5. To pay ~II ~~d ungulu the coits, charges ~nd expenses, including a reasonable attarnry i fee and costs of abst~acts of titte, incurred w paid st . eny time by ~aid MORiGAGEE, because w i~ the event of the faifu?e on the pan of Ihe said MORTGAGOR to duly, prompdy and fully perfwm, d~uharge. execute, etfecl, compkte, comply with aod ab:de by each sod every the stipulationa, sgreements, conditions, aod coveoants o( said promisswy note and thi~ mortgaye ~ny or eithei, and sa~d costs, charges and e~penses, esch and every, shall be immediately due and payable; whether w not there be no~ice de~ msnd, sttempt to tollect or suit pendingj and the. full amo~nt of each ~nd every such paymeM shall bea~ imercsl Irom the date thereof umil paid at the raee oF ~ine per centum per am~um; and aU aaid costs, charges and expenses incurred or paid, togethe~ w;th such interest, shall be saured by the lie~ of thu mOtl9aye. 6. That (a) in the event of any breach of this 1Nortgage w default on the part of the MORTGAGOR, a(b) in the event any of sa~d sums of money herein roFerred to be no1 promptly and fully paid within thirty (30) days nea~ after the same uveralty bKOme due +nd payable, wi?hout demand or notice, or (d In tl~e event each and every the stipulations, agreements, conditions ar+d covenanb of said promissory ~ote and th~s mortgage a~y or either are no1 iuly, promptly a~d fully perfwmed, d~uharged, exetuted, effected, completed, complied with and abided by, then in e~thcr a any such eve~t the sa~d ag gregate aum menraned in :aid promissory note the~ ?ema;ning unpa;d, wifh interest acuued, and all mor~eys securetl herebjr, sMll become due and pay- able fwthwith, w thereafter, at the optior? of said MORTGAGEE, u fully snd completely as if all of the said suma of money were orgioally tt~pulated to be pa~d on svch day, anythir+g in said promi:sory note w in this Mortgage to the conrra?y ~otwithstanding; and Ihereupon w thereafter at the optio~ of said N~ORTGAGEE, without notice w demand, s~it at Iaw w in equity, therefwe ot tAereaiter begun. may be prosecuted as if all moneyi secured hereby • had m~tuted prior to ~n institWion. 7. That in the event that at the beginning of or ~t ~ny time pending any suit upon this Mortgage, or ro faeclose it, a to reio~m it, or fo enfwts payment of any claims hpreunder, said N10RTGAGEE shall apply to the Court hsving jurisdrction tF~ereof fw the appo~~tment of a Reteiver, such Coun shaft forthwith appoint a receiver of said mortyaged property all and singular, includ~ng all ~nd singvlsr the intome, profits, issues and revenues (rom whatever source derivad. eath and every oi which, it being expressly untkrstood, is hereby morrgaged as if speciiicatly set fath snd desuibed in the 9ranting and habeodum clauses hereoi„ and such Receiver shall luve all the broad and effective fvncnons and powers in anywise entrusted by ~ Court to a Receiver, and such appointment shall be" made by wch Cowt as ~o admitted eqvity and a matrer of absoJure right to said MORTGAGEE, and without referenc~ to the adequacy a inadeqwq ot the wlue of the property mortgsged or to tlx soivency o~ insoivency oi said MORTGAGOR or the defendants, and that such rents, profih, ~ncorne, ~ssues end revmues shsll be applied by suth Receive? atcording to the lien or equity of s~id MORiGAGEE and the practice o( sucA Courf. 8. To duly, promptly and fully perfwm, d'~scharge, execute, effect, complete, comply with ~nd abide by each and every the sfipulations, agreements, conditions and mvenints in said promissory note snd this mortgage set forth. 9. TMt in the event the ownership of the mortgaged premises, o~ s~y part thereof, becomes vested in • person other thsn the MORTGAGpR, ~he MORTGAGEf, ib wccesson and assigns, may, without notice to the MORTGAOR, deal with s~ch successw w succeasor i~ interest with reference to this mwtgage and the debt hereby secured in tix same msnner as with Mortgagor without in ~ny way vitiating p discharging the Mortgagors' liability F~e- under w upon the debt hereby secured. Nb sale of fhe premises heroby mortgaged and no fwbea~ance on fhe part of the MORTGAGEE a its successors or auigm and no extension of the time for the paymem of the dcbt hereby secured given by the MORTGAGE~ or its iucceuors w aug~», shall operate ro rekase, d~scharge, modify ch3nge _or affect the original I;abil~ty of the MORiGAGOR herein, either in whole or in psrt. 10. It is spec~ficatly agreed that time is of the essence of this co~tract and that no waiver of any obligation h~reunda a of the obligation se- cured F?ercby shall at any time thereafter be held to be a waive? of the terms hereof a of the instrument setu~ed herby. . 11. In addition to the fo?ego:rtg monthly paymants of princ"pal and interest required by the promissory ~ote secured hereby, mort~agar tovenants and agrecs to pay to mo:tgagee with each monthly payment an addi~iwwl sum estimated by mwtgagee to be equal to i/12 of the an~ual cost of the follow- 7ng: ' A-All real property taxes levied w assessed agai~st the above dewibed real estate. B-Premiums on fire and wendstorm insurance as herein requ~red to be carried on the improvements situate on the abave desuibed ptemises. C-Premiums on such mortgage g~aranty insurance as mortgagee shall from t~rru to time deem fit to carry on the loan secured hereby. Mwtgagee sha!! from time to time notify mortgagor ;n writ~ng of the amount due and paysble hereunder and such sum shall thereupon be due and payable on the due date of the next nwnthly payment and each successive month thereafter ur.til mwtgagee shall notify mortgagw of a change in such amount. Such wms shatl be applied by mortgagee toward the payment of real pioperty faxes, insurance pem:ums, and matqage gua~anty iroutance premiums. . IN W ESS WHEREOF, the said ORTGAGOR has hereunto xt his hand and seal the day and ear first afaesaid. aled atd ~e~ i he presence of: `E C01~1~~~~~ n ~ `t~`EyD~ANO RE T Ild1iEA PO~t11~~ ~ ' ' ; . 41.ERR CIRf ED ~,,~:~a„tuu, IIECORDVlP • ; `~~ti, r.,. s Te oF ~aainn ~ ~ - v~ ~ ~«~(k:~'ri ~ 3 o ~ ~ s ~ couwTr oF LtJCIB = o•'•~Q'~f'~~''='-.,,~- ~:l sefore me pe~sonally appeared Lonnie StBbbi : H:1~~ V:~-` t~ . Daisy Lee Stubbs ' his wife, to me wefl krw~ $ r~'~~. the k~dividwb desc?ibed in ~nd who executed the fw instrumant, and atknow ~d ' kdged before me that they executld ~,~~tbef, rherein expressed. ,a~d the sa' Dd1S lA@ Stubbs s~`i~~:_'.:". W~re ~ .,d Lonnie Stubbs '~~r,f~ ~ ~ ~ .~«t~,.«~=~:t.:~. examinaYqn by me taken separite a~d apan from her si Fwsband, aduww{edged to ~nd be{aQ me that she executed said ir~ytrument t~esfy and volwr- tar~ly and w;thout ~ny computsion, cor?straint. ~pprc ~~~,feu of w from her said husb~nd. WITNE55 my hsod and official seal thi - day of ~VQ~e= ~ p, ~q 70 • Notsry P ic iri ~nd for the Sqte of Florida ~t Lar~s ~ ' My Commission sxpires: ~ Rctum 70: . ~ Fint Federal Savings 3 Loa~ /?ssociation Of Fort P~erce. l~JTAl1Y PIi:+UC,-STATE OF FLO~iDA AT LARi~E . MY COMldISSION EXPiRES NOY. Y9~ 197i Fort Pierce, florida p~{ppp t~eROtJGH FRED y+ n~F_STELNORs This Instrument P~epared 6y J• D. Chastai~ First Federal Savings b loan Association of Foh Piercei RlOZide? ~~K~~ Checked By - r t . : ~ . ~ . ~ - ~ ; . - ~.~~~,L;~„~~..~,f- r~~~~~. - P r ,~-~k; ~a~~