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Home My WebLink About1989 3. To place and conrinuously ?eep on the bu;:d~ng~ now or hereafrer ~~~vate on sa~d land a~d on ali equipment snd pc~sonally cover~d by this mw sgs, w~th ail premiums thtreo~ pa:d [n full, fire lneura~ce ~n ~he ~~ual sra~xi.+rd po~~cy form, in • sum approvrd b~ ~he MORi"vAGEE. and wmdeto !nsuronte in the us~al iTart~ard pol.cy form, i~ a ium aFpro~ed by the AhORTGAGEE, in such compa~y w tanpenies as the MORTGAGEE d~reU; •nd atl (ire a~d w~ndsform inswance po~~c~es on any oi sa~d bu~id~ngs, any interest thercin or pa~1 thereof, in the aggregate sum afo~esaid , ~ ~n excess ~hereof, shail :ootain ~he usuai s~andard morrgagee clsuse o~ s.,ch o~her c~wse as the Mo~lyagee m~y requ~re, ma4+ng the toss under sa~d po c~es, each and every, P,,aS~~ ro said MORTGAGEE as ~ta interest m~y ~ppear, and each and every such pohcy ahall be promptly aisgned and detlvered + eny Fuld by sa~d MORIGAGEE as fw~her security to uid n:or~gaye debt, and, no~ ieu lhan ten (10) days in adYance of the e:p~rat~on of each poi~cy, to d. L~er ~o iafd MORiGAGEE a re~ewa~ thereof, ~oge~he~ w~~h a rece~pt for the piemium oi such renewa~; a~d there shall be no f~re or windsto~m inauronc placed on ~ny of aaid buitdings, any interest there~n a per~ ~he~cof, un!ess in the form and w~th ihe loss payable as aforesaid; and in the evenl any sun of money becomea payable under such policy or poGcies sa~d MORiGAGEE ~hjll have rhe opt~on to ~ece~ve and apply the same on aaouM of the mdeb~ed ness secured hereby a ro permit sa~d MORTGAGORS to receive and ose it w any part the:eof for mne+ purp~ses, vn~hov2 rh~•.br .vai.i~g cr ~~npai~ ~ng iny equ~ty, l:en or r~ght under w by virtue of Shis morcgage; a^d in the event sa.d h!ORTGAGORS shall tw any reason fa~l ~a keep the sa~d premisa~ so ~nsured, or fail to dtl~ver pron,ptly any of said po~~cirs ol inw~ance ro sa~d MORTGAGEE, or fa11 promptty to pav fuily aoy pre~,uum therefor w in a~y reapect fail to pe.form, d~uha~ge, e:ecute, effect, comp~etr, co~npiy wirh and ab~de by this cove~ant, or any parf hrreof, sa~d MORTGAGEE msy piace a~~d ( pay (w s~,th insurance or any part thereof wahout waiving w atfectiny any opt~on, lien, equ~ry, o~ right unde. or by virtue of this Mortgaye, and the f~it amount of each ar+d every such payment shall be immediately due and payable and shall bear interest from the date thereoi u~til paid at the rate ol n~ne per crntum per annum ancl to~ethrr v~ith such ~nterest shai~ be sr<urr~ by the lien o~ thia mwtgage. 1. To permit, commit p suffe? no waste, impairment or detericrat~on of said property w any part thereof. 5. To pay a~l and singular the costs, chargcs and expenses, including a reasonable atto~ney's fee and costs of abstracts of title, incur~ed or paid at any fime by saed MORiGAG'.E, because or in fhe event of the fa„ure on the part of ihr said MORTGAGOR ~o duly, promptty and fu~~y perfwm, d~?charge. ~.ecute, ef(ect, complefe, comply w~th and ab:de by each and eYery ~he st~p~lai~ons, ag.cements, conditions, and covenanrs o( sa~d promiswry note and ~his -;ortgage any w e~~her, and sa~d cosrs, charges and expenses, each and every, shall be immed~~tely due and payabte; whether or nof thcre be nor~ce da mand, attempt ro coliec? or suit pend~ng; and the full amouN of each and e~ery svch paymem shall bear interest from the date thereof un~il. paid at the re os n~ne per cenrum per annu-n; and ail sa~d cos+s, charges afTd eaxnses ~nturred o~ paid, together w~th sucfi inrerest, shall be secured by the lien of thii mortg~ge. 6. That (a) in the event of any breach of this Mo+tgage or defaul~ on the part of the MORiGAGOP., or (b) in the event sny of sa:d sums of money ; herein refe~red to be not promptly and fully paid wirhin th,rty ~3~J) days next after ~he same severat4y become d~e and payable, witlwvt demand w notice, i or in the eveM each and every the stiRulations, a9~eements, cond~~ions a~d covenants of sa,d promisso~y note and ~h~s mortgage any a e~ther are not ( iu:y, promptly and fully performed, d:scharged, executed. effccfed, completed, compl~ed w+th and ab~ded Sy, then in either w any such event the sa~d sg- ~ g~egate sum nx~tioned in said prom~ssory note then remaining unpa~d, with i~teresi acuued, and ail moneys secured hereby, shall kxcome due •nd pay a~:e forthwith, or thereaftrr, at the opt~on of sa~d MORTGAGEE, as fully and comp±eiely as if aIl of the said sums oi money were o+~ginally s?~puiated ro be pa~d on such day, anything in sa.d prom~ssory note w in this Mongage to the contrary nor,~vithstand~ng; a~d fhereupon w thereafter at the opt~on of :a d MORTGAGEE, witRout not~ce w demand, suit at law w in equ~ty, therefore o~ tfxreafter begun, may be prosecWed as if all moneys secu~ed hereby r_d maWred pr+or to ds institut~on. 7_ That in tF+~ ev~m that at t}x hrginniru3 of w st any fime oertdina any suit uoon this Mbrfasoe. or to fo~etbse it, or to refwm it, W to enforcO ~ayment of any daims hereunder, said MORTGAGEE shail apply ro the Court having ~unad~ction the~eof (a the appo~nhnent of a Recc~ver, such Cou~t ahail r_•~hwith appo~nt a receiver of sa~d mortgaged property all and singu~ar, inciud,ng all and s~ngular the ~ncome, prohts, iuues and revenues from whatever s~urce derived, each and every of wh~ch, it Eeing express~y undenrood, is he~eby morrgaged as ii speufkally set fonh and dew~bed in th~ yranting and hjbendum cta~ses hereof, and s~ch Rece~ver sha11 have all ~he broed and effect~ve funct.ons arid powers in anyw~se entru:ted by • Court to a Receiver, e~d s.,:h appointment shalt be made by such Court as an ad~nitted equity and a matter oi absolutz right to said MORTGAGEE, and without refe~ence to the adeqvaty w inadequacy of rhe value of the p~operty mortgaged or to the so.ve~cy w insoivency of said MORTGAGOR o~ the defendants, a~d that such r=~rs, p~ofits, incane, issues and revenues sha11 be app~ied by such Receiver acco~d~ng to the lien w equity of said MORTGAGEE and the practice of such Court. j 8. To duly, promptSy and fully pe~form, discharge, execute, e~fect, complete, comply with and abide by each and every the stipulations, agreements. ~ ;onditions and covenants in sa~d pramissory note and tnls mortgage set forth. ~ 9. That in the event the ownership o( the mortgaged prem~ses, or any part thereof, Eecomes vested in a ptrson other than the MORTGAGOR, the ~ .'ORTGAGEE, its successors and ass~gns, may, wirhout no+ice to the MORTGAOR, deai wnh s:xh successor a soccessw in interest with reference to this ^ o tgage and the deb~ hereby secured in the same manner as w~th Mortgagor without in any way vitiating or d~scharging the Nlortgago~s' liability here- ~~.3e~ or upo~ the deb~ hereby secured. No sa'e of the Frem~ses hereby mortgaged and no forbea~ance on Ihe part of the MORTGAGEE w its successors cr ass~g~s and no eatensio~ of fhe time fw the payment of the deb~ hereby secured given by the MORTGAGEE or its successors or auigns, shalt operate ~o rekau, d~scharge, modify change or affect the original liai,:lity of the MORTGAGOR herein, either in whole or in parf. 10. It is spec~fically agreed that time ia of the esser.ce of th~s contrad and that no waiver of any obllgat~on hereunder or of the obligatron se- c~red hereby sha!I at any time thereafrer be held to be a waiver of the terms hereof or of the instrument secured herby. ~ 11. In add:ti~z to the fwego ng momh!y payments of princ pal and interest requ;red by the prom~ssory nore secured hereby, mortgagor tovenants i +-d agrees to pay to morr3agee v~ith each monfhly payrnem an add~rional sum est:mared by mortgagee to be equal to l;'12 of the an~ual cost of the fo?low- ~ t i t A-AIf real property ta:zs lev~ed or assess~ agai~st the above de:~.~5ed real estate. £ B-Prem~ums on fire and windstorm ~nsurarce as he+e~n req~~red to be can~ed on the im;,roveme~ts situate on the above described premises. j C-Premiums on such mortg~ae guaranty ir.surar,ce as mortgagee sha~l from t~me to time deem fit to carry on the loan ucured hereby. s Mortgagee sha!1 4rom ti.ne ro r.me nq~ify mortgagor ~n writ~ng of the amo~~t due and payable hereundrr and such sum shall thereupoo be due and ~ :~yable on the dve ciate of rhe ne~et momh!y payment and each success~ve momh thereaft:r uctil rtwrtgagee shal~ notify mortgagor of a change in such oum. Such sums sFail be app:ied by mortgagee toward tFie payment of real p.operty taxes, insurance prem;ums, and mortgage guaranty insurance ~ •emiums. IN WfTNE55 V:H~REOF, th9 said MORTGAGOR has hereunto set his ha~d and seal the day and year first afwesa9d. ~ i S~gned, Sealed nd deliveApd;in the presence of: ~-~~,1 (`C~ Ct % ~ r~, i~~ C~t l i i~ ~ ~ f inerson . son ~ ~ ris . npson ~s`a~ r _ ~s~.i~ ~ ~ S+ATE Of FLORIDA ~ ~ ~ ~OUNTY OF SL • L1]C 12 ~ Before me personaliy appeared ~er son G. Saapson j ~ ris . mpson y ~ his wife, to me well known and known to me to b~ ~ e tne individuab described in and who executed the fwegang i~strument, and acknowledged befwe me that they executed the same fw ll~,puUposes ~ - : rhe-ein expressed. And the said Iris T. $c'iIIIpSOII • . ..~ie of the said Emersen G. S8IIDS011 upw~ ~ i~lrat4 ~id prnat~ examinst~on by me taken se.~arate and apart from her said husband, acknowtedged to and before me that she execWed said instrufie~ ~reely and vol~o- • ~ ra: ~ly and w~thout any compvls'an, constraint, epprehens~Q~, or fear of or from her wid husband. ~ ,`i ~y ~ WITNESS my hand and offic;al :eal this_ 1 r~ day of A D. 197T_ • ` J ` - . Nots?y Public in and for t State of Fbrida h lar~ My Commission expirqs• • ,1 , _ R~,~.~ To: `~-(,(~t ~ n.2 J G~~ s~`. . Firat Federal Savings 3 loan Associat~on - Of fort P;erce. ' _ Fort P~erce, Florida YE1~,~y.0• _ ~~p~~{~ V ~i ~*~1• ~`IYLl ~~1~7M~ ~ ~l~f~~. :.t ~ ~ ~ ~ i CQ1iRT This Instrument Prepared By J. D. Chastain ~t ~ f~f First FEderal Savings 8~ loan Association ~~~M ~'2 of Fort Pierce , Rlocida ~ °r, ';~z Checked By 22~$33 y~~ : - ~ooK1~~ ~A~1g86 • ; ~ - t - . . _ _ w