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Home My WebLink About0408 J. To pl~c~ ~nd con~irwously ke~p on ~M build~rgs now a MreaftN sitvat~ on sa~d land ~nd on all equipmsnl ~~d penonally covtred by this mwtq~ ~ys, wilh ~II pr~miums ~haeon pa~d io (ult, fi~e insu~~nc~ in th~ v~ual ztandard polity fam, in • tum ~pproved by the MOR~GAGEE, ~~d windstorm inswsnc~ in ths uiwl aa~dard pol~cy lam, in • wm ~pp~ov~d by tM MORTGAGEE, io svch comp~ny o~ con+p+mes +s tM MORTGAGEE ~nay dK~c~t ~nd dl itr~ ~nd wind~torm insura~n polici~~ on any oi ~aid buildinps, ~ny int~rei~ tFwrein w pa~t ~hereof, in IM a~preqale wm afw~said o~ In ~aces~ tMreof, shall conuin t!» usual sundard ma~y+pN clavH a such aha clauw u tM Mor~yayN may reqv~r~. maAirg ~he 1ou unda sa~d po~r ciss: each and ~vary. paYabl~ ro~aid MORTGAGEE as iti intwest may app~ar, ~nd each ~nd ~ve~y ~~ch polity shall b~ p~omptly ~s~ 9~ed and del~vaed to ~~y Mld by said MORTGAGEE as further iecurity to sa7d mw~ysy~ debt, ~nd; nN Itu than len (10) daln i~ advance of ~M expiration ot each policy, fo da IivM to iaid MORTGAGEE • r~newal therwf, 1o~ther with • raceipt fa 1M pre+ni~m of s~th renewal; and ther~ shall be no I~re or w~nds?wm ir+surant~ placed on any of said buildinpi. ~ny intere~t there~n a pa.t Ihereof. vnleu in ~M fo~m ~nd with tM lou payabl~ ~s aiwesaid: and in the ~vent any swn of nwrny becanea paYaWe u~da ~uch policy a polrci~s isid MORTGAGEE ~MII Mw tM optan ~o recei~e and apply the same on account of the i~deb~ed- n~u secvrtd hertby cv b petmil ~aid MORTGAGORS fo rKeiv~ and v1~ N q~ny Pa?t Ihereoi fa othcr purposrs, w~tho~t th~rebr waivi~ig or unpai~- inp a~y pvity, lie~ a righ~ w~der w by v4tw of this morspape; and i~ tM ~v~nt uid MORTGAGORS shall fa sny ~eawn i+il to keep the said p~emises so in~~red, or ~~il ro dtliver promptly any o( said policies of inwr~nc~ ro said MORTGAGEE, ot fail promptly ro p~y fully any premium ~herefo~ a in ~ny respecl f~il to pHfam, disths~qe, eaecute, ~ifacl, tompNte, comply with ud +bide by this cove~anl, a~ny part hereof, said MORTGAGEE may plste a~d paY ta such ins~~aecs w any part thaeof without waivinp w ~f(ectinp any option. lien. eqwty. w right under a by viHw of fhii Mortgags. ~nd ~he full amou~l of eath ~nd evKy ~uch paymenl shall b~ immedi~tely dw and p~yabb ~nd ~hall bear interest from ~he dat~ thertof uroil paid at ~ha rate oi nins pN te~tum per annum and togethe~ wilh suth interett sha~l be secured by the lien of this mortpa~e. To p~rmit, commit or suffer no wut~, imp~irment or deteraration of said property or +ay p+N thcreof. S. To pay all and unpular the costs, cM?Qea ~nd expeiue~, includinp a ressonable anwney i fee and costs of abstracts of NHe, incurred or paid at ~ any time by said MORTGAGfE, becau~e a in the aveM of the failure on the part of tF?~ said MORTGAGOR to duly, promptly and fvlly per(am, d~xharga, execut~, ~IfKI, complete, complY w~th and ab:de by each and every the stipvlations, sgreements, conditions. +nd covcnants of said promissory note and this mortg~ye any w either, and sa~d cos?s, chsrpes and txpenses, each and eve~y, shall be immediately due a++d payable: whether w not ther~ be not~ce d~ mand, attempf to collett w tuit pending; ~nd tM full amount of e~ch a~d eve?y suth paymeM shall lxsr intersst (rom the date thereof u~til p~id ~t. the rate oI ni~s per ceroum per annum; and ell said costs, charges and expenus incwted or paid, together w~th tuch interest, shall bt setv~ed by the lien of thit mortyayt. . 6. That (a) in the evenl of any brexh of this Mortyay~ a defautt on the part of the MORTGAGOR, or (b) in the event sny of satd sums of money herein referred 1o be not promptly and fully paid within Ihirty (30) days next after the same severally become due and payable, without demand w noiice. or in the event each and every the s~ip~rtations, agrecments, conditiw~s and covenants of sa~d promiuo~y note and th~s mortgaye any or either are nol ~uly, prompHy a~d fully performed, d~xharQed, exec~ted, e(fected, completed, complied with and sbided by, then in e~~her or any such eveM the ssid a¢ gregatc svm memio~ed in said promissory note then remaining unpaid, with interost scuued, and atl moneyi setured hereby, slull become dve ~nd p+y- sble fathwith, a therea(ter, at 1F~e opt~on of said MORTGAGEE, as fully ~nd comptetely as ii all of the said sums of money were wg~n+lly sttpulated to be paid on suth day, anythinQ in sa;d promissery note o~ in this Mortgage to the conuary notwithstsnding; and thereupon or thereafte~ at the opl~on of . •aid MORTGAGEE, without notice w demand, suit at law o~ in equity, therefore or thereafrer begun, may be prosecWed as if all morxys ~ecured hereby had matured pnw fo iri institution. 7. That i~ the eve.H that at the .bsginning of w N any time pending any wit upon. this Mwtgsge, o. ro fweclose ir, or to re(wm it, a fo enfo?cs payment of any claims he?evnder, said AhORTGAGEE shalt apply to the Covrt having jurisd~ctio~ thereof fw ~he appo~ntmenf of a Receiver, such Court shall forthwith ~ppoint a receiver of said mortgayed property +nd singulat, irxlud~ng all and singular the irtcome, prolits, isiues and revenues from whatever tou~te derived, exh and e~re?y of whith, il being txpressly undcrstood, is hereby mortgaged as ii spec~tically set forth and desctibed in the granting and habend~rm cla~ses hereof, and such Receiver shall h~ve ~!1 the brosd and effective funct~ons and powen in anywise entrusted by a Cou?t ro a Receiver, and ~uch appantmen? shall be made by such Court ~a ao sdmitted equity and a matter of absolute ~igM to said 1410RiGAGEE, s~d without reierence to the adequacy w inadeqwcy of the v~tue of the property mo.tpa9ed w to the sotve~cy or i~wtve~cy of said MORTGAGOR w the defendants, a~d that such rems, protits, inco~nq iuves and revenues shall b~ applied by iuch Reteiver accord~ng to the lien or equity of said MORTGAGEE and the practice of suth CouA. S. To duly, promptly and fvlly pe~form, dixha?ge, exearte, effect, compkte, comply with and abide by esch u~d every the stipulations, agreements, conditio~s and covenants in sa~d promissory note a~d this mortgsge set forth. 9. That in the event the ownenhip of the mortgayed premises, or any parf ihereof, becpnes vested in a penon other tha~ fhe MORTGAGOR, ihe MORTGAGEE, its svccesswa snd assigns, may, without notice to the MORTGAOR, deal with such wcceswr a successor in interest wi~h referer+ce to this morr9age and the debt hereby secured in the ume ma~ner as with Mortgagor without in a~y way vitiating or dixharging the Mwtgagors' liability here- unde+ w upon the debt hereby secured. No sale of tF+e premises hereby mwtgaged and ra forbearance o~ the psrt of the MORiGAGEE w its successors or auigns and no extens~on of the time fw the paymem of tlx debt Ixreby secured given by the MORTGAGE' or iri suctessots or assigna, shall operate to rekase, d~schar~e, modify charige or affett the original liab~t~ty of the MORTGAGOR herein, either in whole w in part. 10. It is spec~ficatly agreed thst time is of the essence of thia contran and that no waiver of any obI'gation hereunder or of the obligation se- tvred hereby shall at any time thercafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add:tion to tF.e fwego:ng monthly payrtKnts of princ:pal and interest ~equired by the promissory rate sewred hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payrnent an addirionsl sum estimated by mwtgagee fo be equal W 1/12 of the annual cost of the follow- A-All real property taxes levied or assessrd against the above described real estate. ~ B-Przrn~ums on fire and windstorm insurance as here+n requ~red to be carried on the improvements sitvate w? the above described premises. I~ C-Prem7ums on such mortgage-gwra~ty insurance af mortgagee shall from time to time deem fit to carry on the bsn secured hereby. ` Mortgagee shafl from time to time notify mortgagor in writirg of the amouM due and payabk hereunder and such sum shall thereupon be due and payabk on the due date of the ~ext rnonthly paymeM and each successive moNh thereafter urtil mortgsgee s}?all ~fy mortgagoi of a change in such amount. $~xh sums shall be applied by mwtgagee toward the payn+ent of real property taxes, iiuurance prem: , and mortgage guaranty inwrante premiums. IN WITNE HEREOF, said MORTGAGOR h~s hereunto set his hand and seal the day a first af id. a esence of: ~ ANO RECo~ ~,F'3C~E CoYNt'l~ D 1 on C on ~oaE* Paru?s - - ~aQpMjKi1ECR f EO , arbara I3r aco]s7~ .13g : ~+~ie t ~ J;_:~ STATE OF FIORIDA t~ 3~ ~ : • courm oF St. Lucie ~ ` e~rae ~ ~..«,~n,,.~.,~~ Dalton ~annon - ~'Z04'~'1.3 _ . ,t~, - Barbara Driscoll Cannon his wife, fo ~ W~n k~ ~ - the individwls described in and who executed tF?e foregoirg iastrument, and ~cknowledge~ befae me tF?at they execvted tfip ~ % ,r fFlefllfl l1cPfl3~. Afld t~fQ N ~ ~ ' . • Dalton Cannon ~ w~r~ ~ ~ ~~a ~ ~ :~i.?~ ~±M examinstion by me tsker? separate snd apart from her said l~vsba atknowledped to and beforc me that she execvted said iratrunMnt;~teg/ and vofuo- " tarily and withoW any compulsion, constrsint, apprehensio , oi ar~of or from her ssid Fwsband. WITNESS my Mnd and official seal t' day o ~ A. D. 19~Q G ~ Not b~ic. in fw t Sta~e of Fbrida ~t lar~ ~ M Commission eapires: ~ Retwn To: ~ ~ first Fedtr+l Savirgs 3 loan bsociat~on ~iOTARY PU9UC. STAlE Of fl06iDA AT CAYI'iE Of Fo.~ P~e.ce. MY COMMIaS10iY EXPIdES t~UV. 29, 197~ ~ Forf Pierce. Florida JOhOED tnROUOn FRED M'. n~csT[LMOR~., This Instrument Prepared By J.D. Cht8telD First Federa) Savings ~ loan Associafion of Fort Pierce ~ Flori da - 600K 188 PAGE 407 Checked By U~- - . ~>x.~ v 2 .~a.~r , - ~ - ~ s'- ~ ~ ~,r ~ _ R,~; ~ ~ -