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Home My WebLink About0458 3. To place and conNnuously kcep on the b~~:d~ngs now or hereafeer ~~tua~e o~ sa~d land and an alE cqu~omem and persona~ly covered by th~s mor ~ age, w~th all premiums the~eon pa;d in full, fue insurance ~n the usuat ~fandard po~icy form, in a s~m approved by the MOR~GAGEE, and w~ndsto 1 ;nsurance in !he usual standard pol~cy (am, in s s~m approred by the MORTGAGEE, in such company or companies as the MORTGl~GEE ~ d~~ect; and all (irs and windslorm insurance po~rc~es on eny of said build~~yt, any interest therein o~ pa?t the~eof, in tM agg~ega~e ium aioresaid in eacess thereof, sMll contain tha usual standard mor~9agee clause o~ iuch othe~ clauas as tM Mo~tgagee msy requ~rt, ma?ing ~he ~oss under sa~d po c~es, each and every, p~yab'e lo sa+d MORTGAGEE as ~ts inreresl may ~ppear, and e~ch and evNy such po!ity shall be p~omptly ass gned e~~d de~~verrd ~ any held by sa~d MORiGAGEE +s fu~ther security to sa~d mor~gage debt, ~nd, no~ les~ than ten (101 days in advance of the e:pirat~on of each poi~cy, to d. I~~er to uid MORTGAGEE a renewal ehcreof, toge~her with s rece~pt for the premium of s~ch renewal; and there shall be no i,re or w~ndsto~m inwranc placed on any oi said buitd;ngs, any intrrest there~n or part thereof, unless ~n +he fo~m and with the loss payable as afo.esaid; and in the eve~t any s~n of money becomes payable unde~ such policy a poGcies said MORiGAGEE shatl h~ve ~he opf~on ro receive and apply the ume on accouni of ~he indrbtad ness secured hereby w ro perm7t fa~d MORTGAGORS to receive and ust it p any part thrreof for o:ner purposes, ~v~~hout th_r,~~ ~v~~~i „r ~•~~pa+r ~~g any equ~ry, lien w r~gAt und~r a by virtue of this mo:!gage; and in the evcn~ sa~d MORTGAGORS shall fw any ~easo~ iail to kecp ~he sa~d p~emise~ io insvred, o~ fail ro deliver p~omptly any of said po~icies'of insurance to sa~d MORTGAGEE, w(ai! promptly to pay fulty any pre~r.,um fhtrefor or in a~y ~ respea fail to perfam, d~scharge, eaecute, effcct, complete, comply wirh and ab~de by this covenanl, w any part hereof, said MORTGAGEE may piace a~~o ~ pay fw :uch insurance or any part thereof w~~hout waiving a affectiny any optlon, lien, equ~Ty, or r~gh~ under w by v~rtue of rhls Mortgage, and ~he full amount of e+ch and e.•ery such paymrro shall be immcdiately due and payabie and shall bear interest from Ihe date thereof unyil paid at The ~are ol ~ n~ne pe~ cemum per annum and to~ether with such interest shali be sttured by the tien of this mortgage. 1, s To permit, commit w suffer no waste, impairment or deterioratior~ of said p~ope~ty or any pu1 the?eof. ~ 5. To pay all and singular the costs, charge~ and eapenses, inctuding a rcasonable at~orney'~ fee and costs of ~bst~acts of tiNe, incu~red or pa~d at ~ a~y r~me by sa~d MORTGAGfE, because w in the event of the fa~lure on ~he part of fhe said MORfGAGOR to duly, promptly and fully perfwm, d~uharge. >xec~te, effect, complete, comply w~th and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of sa~d promissory note and thi• ~ r.ongage any p e~~her, and uid costs, charges end expenses, each and every, shatl be immediatety due and payabi~; whe~her or not fhe~e be rto~ice da -„and, attempt to cotlecl a suit pend~ng; and the full amount of each and every such payment shall bea~ imeres~ from the date thereof until paid at the -~re o~ nlne per cenrum per arnw:n; and all sa~d cos~s, charges and ex~enses incurred w paid, toge~her weh such intereit, shaU be secured by the Gen of th~~ mortgage. 6. That (a) in the evcnt of any breach of this hbrtgage w defauSt on the part of the lNORTGAGOR, w(b) in the event any of sa+d sums of money r erein referred to be not prompNy and fu~ly pa+d wirhin thuty 130) days next aiier the same sevbrally become due and payable, withou~ demsnd or notice. : r•;O in the evcnt each and every the stipulations, agreements, cond~tions and covenants ot sa;d promissory note and th;s mongage any w either are o01 i~:y. promptly and fully performed, d~scharged, eaetu~ed, effeaed. complered, compfed wirh end ab~ded by, then in e~ther or any such event Ihs sa;d ag 3•ega~e sum memioned in said promiuory note then remairting inpa+d, with interest accrued, and all moneys secured hereby, shall become due and pay- n::,~ forthwith, or thereaFter, al the option of sa~d MORTGAGEE, as tul~y and completely as ii all of the said sums of money were w~gmaily st~pu~ated o be pa~d on such day, anything in sa:d prorn~sswy note w in this Mortgage to the comrery notwithstandfng; and Ihereupon w thereafter at the op~~on of z- d MORTGAGEE, without notice or dcma~d, suit at law a in equity, thercfore or thereafter begun, may be prosecuted as 7f all moneys secured hereby n_ d maturcd pnor to its instituiwn_ - ~ 7. That ~n the event that at ~he beginn~ng of or at any t~me pend~ng any su~t upon ihis Matgsge. o? b faeclose if, a to ref~?m it, o~ ~o cnforce ;~~ment of any daims hereunder, said MORTGAGEE shail apply to the Court having ~wiad:ition i?~erto~ for Ihe appointm~nt qf • R~teiver, such Court shail ._•ehwith appoiM a rece~ver of said mortgaged p~operty all and singular, inclvdng a{I and singu~ar the income, profits, issues and revenues f~om whatever .=;~ce derived, each and every of which, ir be~ng eapreasly understood, is hereby mor~gaged as if speuficalty x1 iorth and detcribed in the g~anring and ^ oendum cfauses hereof, and such Receiver shall have al! the broad and effective fun~t.o~s and powers in anywise entrusted by s Court to a Receiver, ard s;:• appointment shall be made by such Court as an admiited equity and a mattcr o( absol~te r~ght to uid MORiGAGEE, a~d w~thout reference to the i _:i._quacy a inadeq~acy of the value of the property mwtgaged or to the sotvency or ~nsoivency oi said MORiGAGOR o~ the defendants, and that such _~•s, profits, incane, issues and reven~es shall be applied by such Receiver accord~ng ~o ~he lien or equity of said MORiGAGEE and the practice of such l.0Uf1. 8. To duly, pror.+pNy and fuliy perform, discharge, execu~e, effect, complete, comply with and abide by each and every the stipulations, agreements, ~ ; ed~tions and covenants in sa~d p~omissory note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part ~hereof, becomes vested in a perwn othe! than the MORTGAGOR, the 7RTGAGEE, iri succeuws and ass~gns. may, wiihout norice to the A10RTGAOR, deal w~rh such successw w s~ccesso? in intereat with refe~ence to this ~•igage and the debt hereby secured in ?he same manner as wi+h Mortgagor without in any way vitiating or d~scharging the Mortgagori Iiability herr , 3er or upon the debt hereby sec:,red. No sa!e of the premises hereby mo~tga9ed a~d no fo~bearance on the part of the /dORTGAGEE or its wccessors c•- ass~gns and no exte~sion of the time for ~he payment of the debt hereby secured given by Ihe MORTGAGEE or its successocs w au~gns, shali operete ~o release, discharge, modify change o~ affect the orig;nal lianility of the MORiGAGOR herein, either in whole or in part. ~ 10. It is spec~fically agreed that t~me is oi the essence of this contract and that no waiver of any obl~gat~on hereunder or of the obfigatan se- ..••ed hereby shalt at any time rhereatfer be held to be a wa~ver of the terms hereof w of the instrument secured herby. ! 11. In addnio~ to the forego ~~g monthly paym=ros of ~rinc pal and interest required by the promswry no!e secvred hereby, mortgagor covenants [ + d agrees ta pay to mortgagee v~~th each monrh:y pay~,:ent an add,rfonal sum esnn:ared by mortgagee to be eq~al to 1;'12 of the annual cost of tbe follow- i i .:y_ 4 ` A-A!I real property taxes ievied or assessed agai~st the above desc•ib~d real estate. i ~ - B--Prrm~ums on fire and windsro-m mwrarce as herem requ;red to be ca*~~ed on the ~mprovemeots s~tuate on the above descr~bed premises. ~ C-Premiums on wch mortgage guaranty inwrar~ce as mortgagee shall from t;me to time deem fit to carry on the loan secured hereby. a Mortgagee s!+a!! lrom tlme to time notify mongagor in writmg of the amou~t due and payable hereundrr and suth s~~n shalf thereupon be due and ~.ab~e on the due date of ~h> next month'r payment and each successive rnonth thereaiter ur.tit mortgagee shall not:fy mortgagor of a change in such ; -:~~nt. Suth sums shall be app!ied by mortgagee towa~d the payment of real property taxes, insuronce prem:ums, and mortgage guararty insurartce E : ~em~ums. ~ ' IN WITNESS WHEREOF, thr said MORTGAGOR has hereunto set his hand and aeal the day and year first aforesaid. ~ S~gned aled and in the e nce of; R ~ C~- - ~a(l~- Stil) + au e . avis ~~ai~ ~ .~..Q~~~j Il~~ (Seal) & - i ian -1R~av i s ts~an ~ - ~ S~ATE OFFIORIDA . St. Lucie ~ ~ ~JUNTY OF ~ - « Before rt+e personally appeared C la ude C. ~2i V 1 S a~ ~ Lillian M. Davis x - his wi~e, to me well known and known to me to be !he individuals desaibed in and who e:ecuted the fwegoiny instrumeM, and ~cknowledged befwe me that they executed the same for the purposes ~ rnerein expressed. And the sa~a_ Lillian M. ~8V15 +.~~e of Ihe said CiduC?Q C. ~dV1S , upon a separate and private ~.am:nat~on by me taken separate and apart from her said husband, atknowfedgad to and before me that she executed said instrument freely and volun- ~ +a~,1y and w~thout any comp~(sion, constraint, spprehens"on, p: fear of or from her pid husband. •J ~ Z,71~ WtTNE55 my hand and official seal this__~z=,~_ day of Janua r A. D. 19 72 . No?sry Publ~c in and fcr t State of Flwida at large :ti My Comm~ssion expires: R~,~,~ ro: c~ - ~ _ ~7 5 Fir:t federal Savings 3 loan Associanon ~IOTARY PU~~tC ST~!T'~ Ap ~ORIDA AT U ! O( For~ P,erce. bY COMMr^••••y r •.c ~r 2. 1976E _ Fort P:erce, Ftorida tiENERAL (NSi1RANCE UNDERWRITER$, - ,~Na~s~e~jA F~~EO ~Na ?~ECOROEO `~f.'~7 = ST.lUC1[ ~:CUMTY fLA. .l'' - This tnstrument Prepared By Richar~i K. Kayes a ~i,~~'.••''~~~~~''~?;~v ' - ROCE ~'01TRAS "rirst Federal Savings 8~ loan Association CLE?K C.':CUli COURT ~ eljd ~ of Fort Piercq Florida RECORt~ VER~FIfD~.~---:~ ~ _ ~ . _ ,r _ ~s~~~ ~ ' ~ Checked By 1 2 59 PN ~~Z : ; ,bur ~ avlsc~ - 2~ ~c ° R ~ 45? z8s1 ..y, •........l.. bUOK ,h ~j c ~ =