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Home My WebLink About0410 3. To plac~ •nd con~inuouily k~~p on tM bui!d~nys now a Mr~~frN uw~a on i+~d land and on ~II eqvipmept and pe.sonally covered by thi~ mat~ p~, w+th al) prtmiums Iherto~ paid in fvll, lire i~sv~~nc~ i~ IM utual standard po:icy fwm, In • ium ~pproved by ths MOR(CAGEE, •nd windstam in~ur~nce In ~M uswl standa~d po~~cy fam, i~ a sum ~pprov~d by ~he MORTGAGEE, in ~uch company w compan~ss as ~h~ MORTGAGEE may d'u~ctJ ud all Hr~ and wh+dstorm i~su~ann poliues on ~nY of said build~np~. ~ny (nler~~t tFarein w part thereot, Ihe a99rcyale ~um ~fptNid w M~xceu Ihereof, ~hall contai~ tFN vsual s~~ndard morlqs~e~ cl~use or iuch other clau?~ ~s tM Mat~aqse ~+ay requ~r~. maAinp ~he loss unda a~d po~F ci~t, each and evs~y, payabl~ ta uid MORTGAGEE iq i~terett may ~ppear, ~nd each ~nd ~very i~ch policy ~hall b~ promptly ass y~d +~d de~~vered ~o ~ny held by ~aid N10RiGAGEE ~s tur~he~ security to said mortp~qe deb~, and, no~ ks~ lhan ten l10) days i~ advance of ths expir~t~on of each policy, to da IivN to said MORTGAGEE • rerawal tMrwf, tcyetlw~ with • raeipt for the pr~nivm of such r~newal; a~d ther~ ihall be ra f~rs or windeto~m insuranc~ plac~d on ~ny of said buildinp~, ~ny intenat tMreM or part tFwreof, ~r.less in the form and with th~ lou paYabl~ si ato.esaid: and in tM event ~ny sun+ of mon~y becan~s paYable ~ndK such polity or polKie~ said MORTGAGEE shall Mw tM opt~on to receive and apply the ssme on accoun~ oi ~he indebteci~ n~tf s~cu~~d hereby o~ W permit said MORTGAGORS to nteiw and us~ if w any put lhereof lor othcr purposes, witho~t th:~rb~ waiving or unpair- inp any puity, lien w riyht under o? br virtw of this mort~~ye; ~nd in 1he ~vtn1 ~aid MORTGAGORS shaU fw ~ny ~eawn hil fo keep the uid premiu~ w iniured, a f~ll ro del;ver promptly any of said policies of inwrance to said MORTG/?GEE, w fail promptly to pay fully any premium thereta o+ in any y respec~ fail b per(orm, dixharge, execvte, ~ff~cf, complete, comply wi~h and ~bid~ by this covenant, a any ps~~ .heraof, said MORTGAGEE m+y place •nd t paY fa svch iniu~ux~ u~ny part thereof without waiviny a~ffsctinp any option. lian, equity. a rigM unda~ w by virtw of this MatQape, and the ~ full amount of each u?d every such payment shall be immediately dw and payable and shall bear inte~eat from 1Fa dat~ thereof un~il paid N ~M rate ol nine per centum per a~n~m and together with such inte~es~ shall bs secured by tM I'ron of this matysge. 1. To p~m+it, oommit or suffer no w+ste, impairment or deteriorstion of said propaty or any p+rt ~he?eof• 5. To p~y ell and ~ing~lar tM costs, cMrqes and expenus, includinp a reasonable attorney i tee and costs of abstracts of titls, incurred or psid s~ any time by iaid MORiGAGfE, becauae w i~ 1h~ event of the isilure on the par~ of tM said MORTGAGOR ~o dvly, promptly and fu~ly perfwm, d~xharge. execute, eitect, complets, comp~y w~th and ablde by e~ch and every the atipvlatia», a9reemem~, cnnditia+s. and cove~xnts of said promiswry note and this mortp~pe any a ei?hea. ~nd said cosn, cMrge~ u+d expenses, each and every. ihall b~ immediately due and payable: whether a ~ot ~here be notica d~ mand, ~ttempl ro mlkct a suit pend~ng; a~+d 1M fult amount of each and e~cry svch paymen~ shall bear in~eresf from the date thereof until p~id ~1 the rate of nine per centum per annum; and all said msts, tharges ~nd expenxs incv~red w paid, together w~th ~uch interest, thall bt satured by the lien of this mortyspe. 6. Thst in the event of any b~esch of this Mwtgage a default on the psrt of the MORTGAGOR, w(b) in the event any of said sums of monay herein refe~~ed to be ~ot promptly and f~lly paid withi~ thirty (30) dsys ~eat after the same ieverally become due and paya6le. wilhout demand o~ notite, or (c) in the event each and every the stiputations, sgreements, conditions arid covenants of sa~d promiswry note and ~h~s mortga9e a~y w either are not ~vly, promptly and fully performed. d~uharged, executed, effected. completed„ tomplied with arx! abided `ay, then in either ot any such eveM the ssid ag gregate wm ment'aned in said {xom~ssory rw?e then remaining unpaid, with fnterest acuued, and all moneyt setured hereby, shall betome due snd pay- •ble fwthwith, w thereafter, at the option of said MORTGAGEE, as fully snd compktely as if all of the wid sums of money wcre originally stlpul~ted to be pald on such dsy, anything in said promiuory note or in this Mortyage to the contrary notwithatanding; and therevpon w thereafte~ ~I the option of uid MORTGAGEE, without notite or demand, suit at law d in puity, thcrefore a thereaftcr begvn, may be prosecvted ss if •II rtwneys setured hereby had matured pnor to its ir?stitution. 7. TMt i~ the event tAat at the beginning of a ~t a~y time pending any wit upon this Mortgage, or to foreclose if, o? to reform it, w to enforu paymenf of any claims he~ev~der, said MORTGAGEE shall ~pply to the Cou„ having jurisdict'wn ~he~eof fw the appointmeM of ~ Rece~ver, such Coun shalt forthwith appoint a receiver of said mortgaged proQerty all and sirgutar, i~+cludmg all and singufar the i~ome, proiits, i~sues and rcvenves from whatever wwce derived, each and every of whKh, it beirg expressly w~ders~ood, is hereby mor~gaged as if speufically aN fath and described in the granting and habe~dum clavses hereof, and such Receive~ shall have all the broad and ef(ective funct~ons and powers i~ anywise e~tr~sted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted eqvity and a metter of absolute righl fo said MORTGAGEE, ~nd withoul reference to ths adequaty or inadequacy of the wtue of the property matgsged w to the towency w inwlvency of said MORTGAGOR w the defendants, snd fhat s~ch reros, proFits, income, iu~es and mvenues shall be applied by such Receiver accwding to the lien w equity oi said MORTGAGEE and the practice of such Court. 8. To dvly, prompNy and fully perform, discharge, execute, effed, compkte, comply with and abide by each ~nd every ths stipul~tions, agreements, conditans and mv~ms in sa~d promissory ~ote and this mortyage set forth. 9. TMt in the event the owncnhip of the mortgaped premises, w any psrt ihereof, becanes vested in a person other thsn the MORIGAGOR, 1M MORTGAGEE, irs :ucceuo~s and ~ssigns, may, wirhout notice to the MORiGAOR, deal with such wccessw or uxcessor in interest with refere~ce to this mortgage and the debt he~eby secured in fhe same manner as with Mortgagor without i~ any way vifiating p dischuging the Morlgagon' liability htrt under or upon the debt hereby secured. No s+le of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE a its success«s w auigro and na extension of the time fw the paymeM of the debt hereby secured 9iven by the MORTGAGEf w its svccessors or auigns, shall operate ro release, dixhar9e, nwdify change w affett the original.liability of the MORTGAGOR herein, either in whole ot in put. 10. h is spec~fically agreed that time is of the essence of this contract and that oo waiver of any obligation hereurxler o? of the oblipstion st cured hereby sl+all at any time thereafter be held to be a wairer of the terms hereof or of the instwment secuied herby. 11. In add~tia~ to the fwego:ng momhly payments of princ'pal and interest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with esch monthly payment an addirional sum estin,ated by mortgagee to be equal to 1% 12 of the annual cost of the follow- ~n9~ • A-All ~eal property taxes levied. a assessed againsf thc above drscribed real estate. B-Premiums on fire and windstorm insurance as herei~ requ:red to be carried on the improvemeMS situate on the above dew~bed p~emises. C-Premiums on suth mottgage guaranty insurance as mwtgagee shall from time to time deem fit to carry oo the loan setured hereby. Mortgagee shail from time to time notify mortgagor in writing of the amouM dve and payabk hereuntier and such sum shab thereupw~ be due and payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify m.ortgagor of s cha~ge in wch amou~t. Such sums sF.all be applied by rtwrtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums. . . IN WITNESS WHEREOF, tix said MORTGAGOR hu hereu~to set his harul a~d seal tFx day and year first aforesaid. ` ' Si9ned. Sealed liver in tfit presence of: ~~E C~~~~rl~~~ • n . i RoCER ~OITR ~ n--n ~ RECORO YERIfI~ ~ 't"~ N6Y 3 ~9 ~I'TO STATE OF FIORIDA ~ SS. courmr oF st _ LLCl e 2Qa'714 . eefwe me penonaUy appeared I][6lle C]Clst~ a~vidow. i~i~ w"~ to me welt known snd known to me to b~ the indiridwls des~iibed in and who executed the faegoirg instrument, and acknvrrledged before me that a?er executed the same for the purposes rherein e:pressed. /1nd~M~e~ ' _ , wifsw~-N~sssid ~,M . - ' ah ewew+~w~rwwi~?.w~~siiewi~p~N~wd~ap«bfr«w.I~e.~+i~IN»t»wdrrcl~..Mds~d-t~.wd•Y~eiie~r~ws-Nw?~~Y.,~I~t.'~.' i~ohrw- 1Milyyw~w+M~oof~wr~r~4w~~Isiow,~nsM~sirM1~PP~~^1M~fe~~vF~srfrowrlrer~f~idi~esbw~d JJ„~L~~a~•s y . WITNE55 my hand ~nd officisf aeal this dey ef , NOV r'v ' s ..19 70 _ . ~y %s " Notsry P~blic in and fa ~ Qt My Commission e~cpires: ~ f ~ ' :~i Return Ta. ~ I ~ ~N fint Federsl Ssvings b Loan Association , ~ u. ~ - Of Fort P~erca ~ ~ ~~~i~I ForT'Pierte, Florida ~t~.~~~~,..~„' • _ . . ~ ,.,~i ~ . , - • '~..~~Y~ . This Instrument Prepared By Jaunes D. Chastain First Federal Savings b loan Association of Fort Pierce, Florida ~ Checked By ~ 600K 1~0 PAGE 409 . ~ # ~ - ~ _ , - ~ ~ ~s, ~ ~ ~ ~ , - _ _