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Home My WebLink About1449 ~ i, t ~1 • 1~ i a.• ! 3. To place +nd cont~nua,~ly keep on ~he bu~'d~n9t now or hereafter situ~te on said land and on all equipment ~nd personslly tovered by this ma ag~, w]~b all p~em~umi thereon pa,d in full, i]re insurance ~n the usual s~a~dard po~~cy fo~m, in • sum approred by Ihe MORIGAGEE, and windsto insur~nte in tM usual standard pol;ty form, in a sum ~pproved by the MORTGAGEE, in ~ucA company w tompanies ~f Ihe MORTGAGEE m d~rec~; and all fu~ and windstorm insurance po~k~et on any of isid bvild~nps, ~ny i~teres~ therein o~ p~rt thereof, in the a99rega~e sum afwesaid in exccu thereof, ~hall contain the usual s~andsrd mortgages clause or such olha dauss ~f the Mort9agee may rcqu~re, making Ihe loas under sa~d po cies, each •nd eve~y, payab!e to ss~d MORTGAGEE as its interest may appear. +~d each and evay such po!+cy shsll be promptly ass g~ed and delivered ~ eny hetd by uld MORTGAGEE as further security to ~aid matgage debt, and, no~ leu than ten (10) days in advance of the expira~~a+ of each policy, to d. I~vcr to u~d MORTGAGEE a renewal thereof, to~e~her wi~h ~ receipt fw the premium of such renewal; and ~here shall be no f:~e or windsio~~n in~u.anc plsced on any of iaid build~ngs, any inierest there~n or part ~hereof, unless in ~he form and wiih the loss payabte as aforeiaid; and in the event any sun of money becomef payable unde~ iuch policy a pol~cies iaid MORTGAGEE shall have the op?+on to receive and apply ~he same on accounl of the indabt~d ness secured heroby or to permit said MORTGAGORS to receive and use it p any part thereof for orher purposes, ~v~~hout tha•co~ wa~~~•~3 0~ ~~~~p~~~ ing any equiry, lien or right under or by virtue ol this mo:egage; and in ~he eveM w~d MORTGAGORS shall fo~ any reason fsit to keep the sa~d p~em~s~s so insured, o~ fail to delive? promplly any of said polKies of insurance to said MORTGAGEE, ot fail promptly to pay fuity any premium therefw or in any respect (ail to perFwrt~, d~scharge, execute, effect, comp~ete, comply wi~h and abide by thia covenant, w any part he~eof, said MORiGAG~E may piace a~~d pay fw such insurance or ~ny part thueof without waiving or affetting any option, lien, equity, a right unde? o~ by virtue of this Mortgage, and tht f~ll amoum of each and er•ery such payment shall ba immediately due and payable ~nd shall bear interes~ from the date thereof ~ntil pa~d at ~he rate oi nine per centum per annum and to~ether with suth interest shali be secured by the lim of this mortflage. 1. To permit, commit w~uffer no waste, impairment a deterioration of said prope?ty w any parl the?eof• S. To pay a0 aod iingutar Ihe costa, charges and expenses, including a reasoe+able attwney's fee and costs of abstracts of ti~le, incurred or paid a~ any time by said MORTGAGfE, because or in the event of the fa~lure o~ 1he part of Ihe ssid MORTGAGOR to duly, p~omptly and fully perform, d~scharge. rxecute, effec4 complete, comply with and ab:de by each and every the st~pulations, agreements, conditions, and covenants of ia~d prom~swry no~e and ~hii :,~ortgage any or e~ther, and sa~d costs, charges and expenses, cach and every, shall be immediately due and payable; whetF.er or not the~e be no~~ce do- mand, attempt to collect w auit pend:ng; snd the full amovnt of each and e~ery such payment shall bea. interest from ~he date thereof until paid at the rare oi nine per centum per annu:n; and all said cosrs, charges and eapenses incurred or paid, together w~th auch interest, shall he setured by tlro lien of thii mort9age. 6. That (a) in the event of sny breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said s~ms of money herein referred to be not promptly and fulty paid within thirty (3U) days nexl aiter ~he same severa~ly become due and payable, withovt dema~d o? notice, or (c) in the event eacA and every the s~ipula~ans, agreements, cond~t~ons and covcnams of sa~d promiswry note and th~s mwtgage any w e~ther are nol iuly, promptly and fully performed, d~scharged, executed, effected, completed, compl~ed w~~h and ab'ded 5y, tFxn in either or any such eve~t ~he sa~d ag gregate wm me~tioned in said promissory note then remaining unpaid, with inte~est accrued, and alt moneys securrd hereby, shall become dus and pay- able forthwith, ,w tFMrfa~ter, at the option of said MORTGAGEE, as fully and complete~y as if all of the uid sums of money were wginally st~pulated ro be paid on sucti tiay, anyf~ing in sa;d promisswy note or in this Mortgage to the cpn~.ary notwi~hst~~y~dr+lrapq.ot~ke~af~ optipq of sa~d MORTGA6EF, ~withoVf rwt~te 0~ demand, wit at law w in equity, the~efvre w therealrer begun, may.,b~•proye~v~~tg~ ,u~,~f ~ I mone~ri secu ~ed hereby nad malured ptwr ro in institutioM1 w^" ~ l~'f r r i ~ T' , 7. That in the event that at the beginning of or st any time pending any sutt upwi th~s Mortg e or fo i&~close h; w to refOrm ~it~o~ 1o eh~ce payment of any claims hereunder, said MORTGAGEE shatl apply to the Court having jurisd;ction there~'~tRt alppo~ntment of a RKeFAe~+stich,oJr~lCwil Forthwith appo~nt a~eceiver of said mortgaged property all and singular, inctud~r+g all and s~ngular the income, p~o(~ts, issues artd. revenues from whatever source derived, each and every of wh~ch, it befng expressly unden~ood, ~s hereby morrgaged as if speufically se~ fwth and descr~bed in the granting and habendum clauses F+ereof, and such Receiver shall have all the broad and effecrive funct~ons and powers in anywise entrusted by a Cou~t to a Receiver, and s.;;h appointment shall be made by such Court as an admitted equity and a matter of absotute right 1o said MORTGAGEE, and without reference to the adequacy or inadequacy of the vatue of the property mwtgaged o~ to ihe w~ve~cy or insolvency of sa~d MORIGAGOR a the defendants, and fhat such renrs, profits, irxane, iuues and revenues shall be apptied by such Receiver accwding to the lien w equity of wid MORTGAGEE and the p?actice of such Court. 8. Te duty, promptly and fully perfam, discharge, execute, effcd, comptete, comply with snd abide by each and every the stipulations, agrcements, conditans and covenants in said promisswy r~ote and this inwtgage set fwth. ~ 9. ihat in the event the ow~ership of the mortgaged premixs, o~ any part thereof, becomes vested in a pe~wn olher than the MORTGAGOR, the h',QRTGAGEE, its succe:sws and assigns, may, without notice to the MORTGaOR, deal with such succeuor or successor in interest with refere~ce to this mortgage ~nd the debt hereby secured in the same manner as wiih Mortgagor without in any way vitiating or discharging the Mortgagors' tiability herr , ~nder w upon the debf hereby secvred. No sale of the premises hereby mortgaged and no forbearance on the paN of the MORTGAGEE or its svccessws s or assigns and no extension of the time for tF~e payment of the debt hereby sec~red given by tha MORTGAGEE or its successws or au~gns, ahall operate ~ ro release, discMrge, modify change or affect the aiginal lianility of the MORTGAGOR herein, either in whole or in part. ~ 10. It is spedfically agreed that tune is of the essence of th~s contract and that no waiver of any ob~~gaNon hereunder or of the obligation se- { cured hereby shali at any time thereafter be held to be a waiver of tt~e terms hereof or of the instrument secured herby. ~ 11. In add.tion to the (wego:ng monthty payments of princ'pal and interest required by the p?om~ssory note secured hereby, mortgagor covenants ar.d agrees to pay to mortgagee with each monthly pay.nent an add~~iooal sum estfmated by mortgagee to be equal to 1/ 12 of the anoual cost of the foliow- ing: A-All real µroperry taxes levied or assessed agai~st the above described real estate. j B-Prrmiums oo fire and windstorm insurance as nereen requ~red to be carried on the improvemeats situate on the above described premises. 1 i C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. ; Mortgagee shail from time to fime notify mortgagor in writing of the amount due and payable hereunder and such sum shal! there~pon be due and ! ~~yable on the due date of the neat month!y payment and each successive month thereafter ur.tit mortgagee shall notify mortgagor of a change in such f a~:ount. Such sums shall be applied by mortgagee toward the payment cif real property taxes, insurance p~em~ums, and mortgage guaranty insurance ~ p~emiums. ~ IN WITNESS WHEREOF, the uid MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. E Sealed and d ~ e in th presence of: ~ ~ l/I/f'~~ f~y~ _ ld/L'~ (Sta4 Y~ Ti711Zlam ~ , c:iark y _ (Seaq ~ _ ~r~! C.lal C ~ (Sea4 ~ ier . rSeal) d ~ SiATE OF FIORIDA $t • I.LiC 12 ~ SS. ~ :.OUNTY OF ~ Befwe me perw+wlly appeared William M. Clark ~ Pier M~ Clark - h;: wife, to me well knpw~l~ld_known~io me to be ~ the individusls described in and who executed the foregang instrument, end acknowledged befwe me that they execv~~d:'tij~=~1j1f_ foe~ tfii pwposes ~ rherein ex essed. And the said Pler M• Clark 1"~'~::}' ~ . ~ ~ William M. Clark ~ ~ w w~fe of the said `~'~~•vpon~a separsl? ~ privst~ e.aminatean by me taken separate and apart from her said h~sband, atkrawledged to and before me ihat she exetufad~s~id ifRttument fri0~1 and volun- ~ rar]ly and withovl any compulsan, constraint, apprehensi or fear of w from Ixr said husband. , ~ ' ~ WITNESS my hand and official seal this day of M1~rCh ' V X D: 19_72 Notsry Pubiit in and for • pf Fforid~ iF larpe My Commission e~cpires: ~ ~ . . ~ ~ Retum To: t~p1l~itY'P~8L1~, STATE ot RORIDA tt LARGE First Fedewi Savings a toan Association YY COMMISSION EXPIRES SEPT. 25, 1975 ~ O~ iort P~erce. RonAFA Q~ Amerit3n 83nkef5 InSUtance A. ~ fort Pie~ca Florida r ~EC Rec~aoEo ° f~, lt?CIE COUN Y fLA. ~ ROCER PO~TRAS c ~`r` C~ERK Ct?~uIT COURT This Instrument Prepared By : R iChard K. Keyes First Federai Savings 8 Loan Association ~ceeaD ve~.~~~Eo ~k,~ of Fort Pierce s Florida ~ M~t 15 f i o~ AH ~Z ; Checked By ~~~'r`,'„0 ~ p ~ - ~y$ z ^ ° , ' _ _ _ ~t 5' ' _ _ _ . ~ i .c,_.- . . . . ' _