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Home My WebLink About1596 3. To place and continwws~y keep on the bui!dings now w hereafter ~ituate on said lend and on aN ec~vip~nent and pe,sonaUy ccvered by ~his malg~ age, with d! premFums thereon pa~d in iull, fire ins~ra~ce in the usual standa~d poilcy iorm, in a s~m aNpro~ed bi thr M,OR~v.~GEi, end w~nds~o~m i~sur~~e in the usual s~anda.d policy fam, in s sum approvec! by the MORTGAGEE, in such company or co~npdn~cs as the MORTGAGEf may di?ech and all 1i~s snd w~ndstorm insurance policies on any ot sa~d build:ngs, any interest therein or part thereof, in the aggr._q~~e sum aforesaid w in exteu the~eof, shall co~lain tha usual itartdard mortgagee Nause w such o~her clause as ~he Mortgagee may reGu~re, making the icsa unde~ sa~d polt c~es, each ~nd every, payable fo said MORTGAGEE as iti i~terrst may appear, e~d each and e~ery suth poi+ty shall be promptly ass gned end detivered ~o any held by said MORTGAGEE +s furlher security lo said mwtgage debt, and, not less than ten (10) days in advance o( the expu3t~on of each polity, to dr ~~~er to said MORTGAGEE a tenewal thereof, toge~her with a rece~pt for the premium of :uch renewal; and there sha(1 be no f,re or w~~~dsro:m insurance plated on any of said buildirgs, any inte~esf therein w put thercof, unlest in the form and wi~h the loss payable as aforeiaid; and in ihe eveM any sum of money becomea payable under such policy or polKies said MORTGAGEE shaU have ~he opt~on to ~eceive and apply the same on account of the i~~dabted- ness secured hereby or t0 Plrmif sa~d MORTGAGORS to fKeivO an(~ uf! it OI dny parl fhereOf tor 07n~r a,~~~.~srs, ~.,thp~t Ih u~ ~vaivi y vr unp~ir- iny any equ+ty, lien p right ~nder or by virtus of thif mo:!gage; •nd in the event sa~d MORiGAGORS :hall for any reason fail to keep the said prein:srt w insured, or fail to deliver prompNy any of said polic~es of insurance to sa~d MORTGAGEE, or fa~~ promptfy ro pay fu:ty any pre~niuin rherefor or in any ~ respect fail to pertorm, d+'scha~gr, execule, effect, comple?e, comply wiih and abide by thls cove~ant, w any pa~~ hrreof, sa~d MGRiG~GEE may place a~~d pay (a suth insurante ot ~ny part thereof without waiving or •ffectirq a~y option, lien, equ~~y, or ric~ht u~der er by virtue of this A~wt~age, and the full amount o( each and every such payment shall be immtdiatety due and pnyable and ~ha!! brar inleirsl from the date thereof uniil pa~d at the rate of ~ n~r,e per centum per annum and to~ether with such inte~est shali be secured by the litn o~ this mortgage. } 4. To permit, commit w suffer no waste, impairment or delerioration of said p~operty or any part the~eof. ! S. To pay all and aingular the costs, charges and expenses, includi~g a reasonable attorney's (ee and costs of abstracts of t~tle, incurred o~ paid at any time by said MORTGAGEf, because or in the event of the failure on thc pa~t of the said MORTGAGOR to duly, pro:nptly and ludy perfof~n, d~scharge. zxecute, effec~, complete, comply wnh and ab;de by each and every Ihe atipulahons, agreemems, cond~t~ons, and cove~~a~~ts o~ sa~d p~o~~ussory note and ~h~s morrgaye any w either, and said costs, charges and expenses, each artd every, ahatl be immediately due and payable; whe~her or no~ rhe~t be nonce da mand, attempt to collett w suit pend~ng; and the fulf amovnt oi each and e~ery svch payme~t shafl bea. imerest irom ~he da~e fhereof until pa~d at the ~~te o~ ~ine per centum per annum; and all said cos~s, charges and exper,ses incurred o? paid, ~ogether ~v~th such ~nte~ast, shall be secured by the I~en oi thif mort9age. 6. That (a) in the evenl of any breach of this Moetgage or default on the part o( the MORTGAGQR, or ;bj in the event a~y of sa'd sums of money herein refe?red to be not p:omptly and fully paid within th~rty (30) days next after the same severa:ly become due and payabte, wiihout demand or notice, cr in the event eath aod every the stiputations, agreements, tondirions a~ covenants of sa,d promiswry note and th~s mortgage any or either are no1 ; ~uly, promptly and fully }xrfwmed, d~xharged, earcuted, effected, tompleted, compl~ed with and ab~ded ~y, Ihen in either or any such eveM the sa~d a¢ ~ aregate sum mentioned in said promissay note then rema~ning unpa~d, with inrerest accrued, and ail moneys secu~ed hereby, sha!! become due and pay ~ ab~e fwthwitb, or thereaiter, ~t the optipn of said ~1f10RiGAGEE, as fully ar.d comp;etely as ii all of the sald sums of mooey were o~iginslly sNpuiated to be pa~d on such day, anything in sa:d promi:say note or in this Matgage to Ihe conr~ary notwi~hstanding; and thereupon or thereafter al the opt~on of sa;d MORTGAGEE, without notice o~ demand, suit at !aw or in equity, therefore or fhereaher begun, may be prosecuted as if all mo~eys secured hrreby nad matured pnW to iiS inslitution_ 7. That in the evrnt that at the begin~ing of or at any time pending any suit upon this Mwtgage, c: to foreclose it, or to reform it, or to enforce ! payme~t of any claims hereuoder, seid MOR7GAGEE shall apply to fhe Court ha~rng jur~sd:cr~on thereof t~ the appo~ntment of a Receiver, such Courf :hail forthwith appoi~t a receiver pf said mwtgaged prooerty all and singular, inc!ud~ng all and singuiar the incorne, p~of~ts, iss~es and revenues irom whatever sewce de~ived, each and every oF which, it being expressfy undersrood, is hereby mortgaged as ~f spec~ficatty set fath and described in the grant~ng am! haocndum dauses hereol, and such Receiver shall have all the broad and effec~ive funct~ons and poN;ers in anyw~se emr~sted by a Court to a ReceiYer, a~~d s.:ch appointment shall be made by svch Court as an admit~ed equity and a matter oi absolute r~ght fo said MORTGAGEE, a~d without reference to the adequacy or inadequacy of the value of the property mortgaged or to the so~vency oa inso~vency ol said MOR7GAGOR or the detendants, and that such renn, profits, irxome, issves and revenues shall be appiied by such Receiver accordu~g to the Iien or equity of said MORTGAGEE and the pract;ce of such ~ Court. 8_ To duty, promptly and futiy perform, discharqe, execute, eifect, ca~rlere, coR,ply wi+h and abide by each and every the st]pulat~ons, agreements, ' conditions and covenants in said promisswy note and this mortgage set forth. ~ 9_ That i~ the event the ownership of the mortgaged premises, or any part the~eof, becomes vested in a pe.son olher than the MORiG/ltpR,,t6e; MORTGAGEE, its successws and assigns, may, witFwut norice to the MORTGAOR, deal w~ih such successor or successw in interest .virh ~efrrence to this ~ mo•t9age and the debt hereby secured in the same manoer as with Mortgagor w~thouf in any way vil:ating w dacharginy the Mongagors' Iiability herr under w upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the Fart of the I~IORIGAGEE or its successws ~ or ass~gns and no exte~sion of the time for the payment of the deb? hercby secured given by the MORTGAGEf or its successors or assigns, a0ull operate _ { to refease, d~scharge, modity change or affect the original liab~l~ty of the MORTGAGOR herein, either in whole or in part. ~ 10. It is specifically agreed that time is of the eaunce of Ihis contract and that ~o waiver of any obl~gat~on hereunder or of the obligation se- c~red hereby shall at any time thereafter be hetd ~o be a waiver of the te~ms hereo( ar of the inst~ument secured he~by. ~ 1 t. In add~tion fo the forego:ng monthly payments of princ'paf and interest required by the prom~swry np!e secured hereb/, mortgagar covenants ~~~d agrees to pay to mo:lgagee with each mo~rhly paymem an add~rional sum ~sT~mated by mortgagee to be equal to 1,' 12 of the annual cost of the follow- i ~n~: ~ A-All real property taxes tevied w assessed against thc above descri~ real estate. i B-Pr~m~~ms on fire and windstorm insurar.ce as here~n requ~red to be carried on the improveme~ts situate on the above described premises. C-Premi~ms on such mwtgage guaranty ir.surar.ce as moitgagee sha~t from t'me to time deem iit to carry on the toan secured hereby. Mortgagee sha!I from ~ime to +~me notify mortgagor in wr~t;ng of the amount due and payable hereunder and such sum shalT thcreupon be due and i c+yable on the due date of ?he next monrh!y payment and each successive ~romh thereaftcr ur,ril mortqagee shall not~fy mortgagor of a change in such € a^~o~nt. Such sums sha;i be applied by mortgagee toward thr payment of reai property taaes, i~surance prem:~ms, a,id mortgage guaranty i~surance p~emiums. ' ~ N WITNESS WHEREOF, the said MORTGAGOR has hereu~to set his hand and seal the day a~d year firat aioresaid. , Sealed and de 've ed in the presence of: _ a~ i ' (SeaO ~ / ~ • _ _ - -/L.cr ~`..~~.:Seaq • (Seal) STATE OF FLORIDA i COUNTY OF SL. LliCl@ ~ f F Before me personally appeared Ja~ 5 N. Thorne ~ and ~ Helen M Thorne h„ wi(e, to me wefl known and krawn to me to bs t the individuals described in end who eaetuted tF?e foregoi~g instrument, and ac(cnowiedged before ma that they executed the same (w the purposes therein expressed. And ihe said }fe len Thorne - N~re or rhe said li h i~ ~'~q and privar. examinat~on by me taken separate and apart from her said husband, ac4nowlcdged to and befwe me that she execu ~~l~rjt.~~11 and volun- ~anly and without •ny compulsion, constraim, apprehens~on, or fear of or from her said husband. , Y ~ ~ 't.~'~. da ol tember : ~~y - WITNE55 m hand and official seaf this__ 1•" ~ r - ~l4 D: 19_~ ' `~1`~ f; ` ~ . Notary fublic in and "lar~thF, kpf`Flp~~t_a1''tatpe MY Commission e~pir~s:'hU! t'tldlll:, Ji~~E ~f„jW+tiu„ e; i.;K~~ Retum 10: Ut~~ CAAAAIF6$IOP1 i~a~Rf.y' $EPT. 75, 1975 fint Faderal Savings 3 Loen Association ~tD $r A1p8"'l~,g~en ~~surance Co, Of fort P,erce. ~ ~ ' . ~ . for? Pierce. Fbrida Z~ y~ tI1ED Ah0 RECQRp~O ' aT.ROCEN POITR,1t ~ CLERK C?RCUlT COq~T 9~ This Instrument Prepared By John l:'. Collins RECORD VERIFIEO~~ ~ First Federal Savings 8~ loan Association of Fort Pierce ~ Florida ~~J I s6 PM ~1t ~ Checked By ~ t ~ ' 600K PAGf ~5~7'f ~ 'ArT~'T3'. ~ _ 3 ~ . _ . - . 1 ) . - y~-i-- - ~s~i~ ~ .-~x_ . . ~'~*J:~..=~:ix~sf'.. :