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Home My WebLink About0666 ? ~ ! i ~ 3. To piacs a~d cw+tinvously keep on ~hc b~~'d~ngs now or hrrr,h~r iitujte on sa~d land and on all equipment and perso~ally covered by this mor j ege, with all Fvem~ums therto~ pa:d in fu!I, f:re inwrance ~n tfie usual sten3ard po:icy form, in a sum approved by ~he MOR~CaaGEE, and windsto + lnsurante i~ ~he ususl ~+andard pol:cy fo~m, in a sum appro.ed by ~he AtiORTGAGEE, in such company or canpan~es as the A10RiGAGFE m d~rect; ~nd all fire and windstorm insu~ance pol~c~es 'on a~y of sa~d bu~id~ngs, any inte~est therein or parf thereoi, in the agg~ega~e sum aforeaaid in eacess thrreof, shall con~ain ~he usual sta~:dard morrgagee ciause o. s~ch other c~ause as the Mo~tgagee may requ.r~, making the loas unde~ sa~d po c~es, each and nvery, payab!e fo said A10RiGAGEE as ~ts imzrest may appear, and each and every auch pot~cy shall be promptly a~s gned and de~ivered } ~ eny heW by said MORTGAGEE as (unher security ~o sa~d mortgage dcbt. aud, not less Ihan 1e~ (10) days in advance o1 ~he expirotion of each pohty, to d~ I~ver ~o sa~d MORTGAGEE a ~enewa? thercof, toge~her w+th a rece~pt (or the p~tm~um of such renewal; and ther! shafl be no ihe or w~ndstorm insuranc p~ated on any of said bvi!d~ngs, any interest there~n w part thereof, un:es~ in the for~n and with Ihe loss payabie as aforesaid; and in the event any sun of money becomes payable unde~ such policy a poGcies said MORTGAGEE shall hava ~he op~.on to rece~ve and apply the ume on accoum ot the indeb~ed ness secwed hlreby w ro permit sa~d MORTGAGOR$ to receive and use it or any pa~t th~:eof tor o:ncr uurF~cses. vri~ho~t thar~o~ waiv~ng or ue~pau ~ng any equ~ry, I:en or r~ght under o~ by virtue of ~his n:angage; and in the event sa~d MORTGAGORS shall for any reaso~ 1ai1 to keep ~he sa~d premises w ~~:~red, w iail ~o detfver pranp~ly any of said pal:~ies of ~nsurance to sa~d MORTGAGEE, or fail promptly to pay fu:Iy any pre~m.,m therefor or in a~y _ . ' .~.:,L ~......,>n~ n. anv na.t hrreoi. aaid MORTGAGEE mav Place a~,d ..i~.c.f ca.. w µ;:w.::, ....:....:y~. ~a~w.:.. ___.r.~ „ pay fw such insurnnce or any part thereof without waiving a affectifig any option, l;en, equ~ty, or right under w by virt~e of this M«+gage, and the t~fl amoun~ of each and e.ery such payment shall be ~mmed+a~ely due a~d payable and shail bCar interest irom the dete thereoi until p~id ai the rate o1 n~ne per cemum per annwn and to~ether with such inte~est sha~~ be s.curc~ by the Gen of this rtwrtgage. 1_ To permit, tommit a sUffer no waste, impairmcnt or deterioration of said properry or any part thereof. S. To pay ail a~d singular the costa, charges and ex~nses, inciudir,g a reasonable ettorney's fee and costs of abs?racts of title, incurred or paid et any time by sa~d MOR~GAGEE, because or in the event of the fa~lwe on the oart of the sa~d MORTGAGOR to duly, prompNy and fully perform, d~scha~ge. _xecute, effec~, compkte, comply wnh and ab.de by each and every the stip~tauons, agrren,ents, cond'+t~ons, and covenants of said prom~sso+y note and thii .,,ortgage any or eiiher, and sa~d costs, charges and eapensea, each and every, shall be immed~ately due and payab:e; whether or not there be notice da mand, attempt to co:tect or suit pendmg; and the full amount of each a~d every such payment shall besr interest from ~he date thereot until peid at the ~e o+ nine per crntum per annurn; anc~ all said cos~s, charges and expenses ~ncurred or paid, together w~th such imerest, shall be secured by the lien of thif mortyage. 6. That (a) in the event of any breach of this Nortgage or defau~t on tF~ part of the MORTGAGOR, or {b) in the event any o( said sums of mo~ey herein refe~red to be not promptly and fully paid w~thin th:rty (30) days nrxt aiter ihe same severa:ly become dua and payable, withou~ demand or notice, or (c) in the eveM each and every the stiputauons, agreemen!s, cor~d~tions a~d covenants of sa.d promissory note and th~s mortgage any or either are not j„iy, pranptly and lully performed, d,scharged, executed, effected cwnpleted, comp6ed w~~h and ab~ded by, thtn in e~ther w any wch eveN Ihe said ag a~egate sum mentiorted in said prom+ssory note thrn rema~ning unpaid, with interest acuued, and atl moneys secured hereby, shall become d~e and pay- n~:e forthwith, or thereaf~er, at the opt~on of said MORTGAGEE, as f~fly ard co~np~etely as if aIl of the said sums of money were or~ginatly st~puia~ed !o be pa:d on such day, anything in sa:d p~om~ssory note o~ in this f'dortgage to ~he comrary notw~ihstm~d+ng; and fhereupon or thereafter at the opt~on of sa:d MORTGAGEE, wrthout notice or demand, auit at faw or in eq~ny, theretore w thzreafier begun, may E>e prosecuted as if all moneys secured hereby r.ad matured pnot to ~ts instit~tion. - 7. That in the event that at the beginn~r.g oi or at any ti~ne pend~ng any suit upon this Mo~tgage, w to forecloze it, or to reform it, o? to enfo?ce - F ayment of any daims Fu~eunder, said MORTGAGEE shall applY to the Court having ~urisd:ttion thereof fOr 1he appointmero of s Receiver, such Courf shall to~thwith appoint a receiver of :aid mortgagrd property ail and s~ngular, irc;ud.ng ail and singu+ar ihe income, profits, issues and re~enues from whatever z_~•ce derived, each and every of whkh, it be~ng expresa!y unde~srood. ~s 6ereby morrgaged as ~f speafkaily set iorth and desuibed in the graming a~d hsbendum dauses hereof, and such Receiver shall have ail the b~oad and etiecnve funct.ons and po~vers in anyw~se entrusted by s Court to a Receiver, and s_ch appoinsme~» shall be made by such Court as an ad:n~fred equiiy and a n.afrer of a~:oiure r:ghf to sa~d MCRTGAGEE, and witlwvt reierence to the adequacy or inadeguacy of the vatue of the p~o~e~ry morrgaged or to the so.vr~~cy or ~nso~vency of sa~d MORTGAGOR w the defenda~ts, and that such re~+s, profiis, incane, issues and revenues shall be appi~ed by s~ch Recr~ver acco.d~ng to ~he lien w equity of said MORTGAGEE and the praCice of such i touA. 8. To duly, promptly and futly pe~fwm, discharge, eaec~re, effect, comp!ete, conaply with a~ abide by each arxl every ihe sfipulaTions, agrcements, i :onditions and covenants in sa~d promisswy note and th;s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORiGAGOR, the ~'.^RTGAGff, its s~ccessors and assigns, may, w~fhout no~~ce to the A40RiGAOR. deal with s~ch successw or successw in interest with reference to this ~.orrgage and the debt hereby sewred in the same manner as w~th ldortgagor without in any way vit;ating w d~scharging the Mortgagori liability here- , . . _ -t ..........,,na ...a i...~~.r.,.~e ~1,. nw.~ nf rF~. M(IRiC;ACFf cv it: successors cr assigns and no extension~of the tlme forVthe payment of tfie debf hc.e5y secu~ed given by tbe MORTGAGEE o~ its successors w assig~s, ahall operate !o rNease, distharge, modify change or affect the orig,nal liab:i~ry of the td.7RfGAGOR herein, either in whole or in part. 10. It is speufitally agreed that time ~s of the essence of th~s contract and that no waiver of any ob~igat~on hereunder a of the obligation se- c~red hereby shall at any time the~eafter be heid to be a wa~ver of the terms hereof or of the instrument secured herby. 11. In aod~t~e~ to the forego ng month~y paym^ms of pnac ,.ai ar.d i:~reres! requ+red by the prom'sscry nore secvred here6y, mortgagor eovena~ts ~^d agrees to pay to ir:ortyagee v~~th eacn month!y pa~r :ent an add~nonal sum est :~.ated b~r mortgagee to be equal to 1; 12 of the annual cost of the follow- E A-All real property taxrs le•ned or assessed agal•,st Th~ at:ove descr~~cd reat esrate. ` 8-Vr~m~ums on fire and wendsto*m ~nsurarce as nere~n req~:red to be carried en the lmproveme~ts sit~ate on the above desuibed premises. E C-Prerniums oa wch mortg;ge guaranty icw~a~,ce as mortgagee shall frc~r t me to time deem fit to carry on the loan secured hereby. i Mongagee sfia:l f.om iime to t~me nor~fy mortgagor in vvrit~rg of the ar.ovm d~e and payable herrundzr and s~ch sum shail thereupon be due and ; ayable o~ the due date of fhe next month:y payment and each successive mo^th thereaft^r ur.til mortgagee shall notify mortgagor of a change in such t : o~nt. Such sums s~a:l be app!ied by morrgagee toward the payment of real prope.ty taxes, insurance prem;ums, and mortgage guaranty insurance E :~~emiums. ~ IN YlITpiESS NHEREOf, thc said MORTGAGOR has hereunto set h~s hand and scal the day and year first afore id. ; Signed, Sealed and deti ed in the presence o i ; ~ --~$la~~ ~ L y y Or (s~a4 ~ (Seaq ~ C ot e . ay o ~~a~~ ~ . ~ ~ S~ATE OF FLORIDA ~ ~OUNTY Of SL . Lt1C~ @ ~ SS. Befwe me personally appeared Lloyd ?ayloz ~r~ ~ Clotilde F. ?aylor ' ~ ' ' ~ his wcle, te me,w~tt~lc~p+r.,.•:od k~owe~.to n,e ro b. ; rhe individuals desuiEed in and who execyted the fore ~oing nsfrument, and acknowledged before me that theY'~exlqrfed the. ~i~.'Ter the pwpo~es ra rherein expreued. And the said ClOtlld@ F. 1-8S?~OZ - C' ~ Lloyd ?aylor ' ~ ~ N;fe oi the uid % vc+a+~.a-~eqarpte +nd priwte ~ e,aminat~on by me taken separate and apart from her said hu~band, acknowledged to and before me that she e~ptutbd s~d~idsMUrneht%fr~ely and voluo- raslly and w3thout any compulsan, constraint, apprehens:on, or fear of w from her uid husband. ~ . r, ~ WITNESS my hand and ofFiual sesl this _ day of ~Ce~~~' ~ i L`'~y`;~ ~q 71 _ ~ f . . ' _ ' ' ~'j'••~:..,,;.• : ~.t-, = Notsry Public in ~nd far IF»' ~ ~ ~ My Commiuion expirou ' ` ~ . " Retum To: fint Federsl Savings S Loa~ A~~,at~o~ F~LEp ~ND RECOR~~~ ~ o+ fo`' PE,~e. ~ST. LUC(E COUNTY.'F[.A: - Fort Pie~ce, Florida Rc~(1RD VERtF1ED = 220911 u 12 : Z 1 r~ This Instrument Prepared By John W. C~li~ 22 P~'1 ~ First Federal Savings & Loan Association rn of Fort Pierce s Floiida ;O;~R PUITR~S CLERK ~~RCUIT COURT~ ~~3 Checked By ~ - Bo~ 19~ ~~r s~5 ~ ~ ~