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Home My WebLink About0888 7. ~o pl~c~ •nd continuously ke~p on tM bui:d~np~ now or h~r~a(tN sitv~l~ on •aid Isnd and on ali rquipTenl ~~d perwnally tovtrad by thi~ mor ~ ~y~. wieh ~II p.~m~umt ~hereon pa~d ~n lutl, lire ~nfuranCf ~n H+~ wwi s~•rd~rd pot~q lo~m. in a wm app~o+ed by tM MOR+GnGtf. ~.~d w~~+d~~o ~nsw~nc~ in tM ~iwl uandard po~+cY tam, i+~ • ~um approv~d b~ ~M MORTGAGEE, in wch company a co~+p~n~~s ~s iM ~~ORIGAGEf n+ direcl; ~nd •II lu~ and w~~dslwm i~suranc~ pol~ue~ on any of sud bu~id~nps, ~ny i~b~~s1 therei~ or part Ihereo}. in the p9re9~e~ wm ~faesaid in ~atess Ihe~eof, ~MII conrain tM :a~al ~tandud ma~9p~+ c~auw a futh o1ht~ claus~ ~s 1hs Mwtpa~ m~y requu~. maAi~ ~M +ou unda s~~d po des, each afKl fYNy. paYab!e ro sa~d MORTGAGEE as ~ts imere~t may ~pp~ar, ~nd each and wery such poilcy shafl b~ p~ompNy ~~s yncd aod deGve~ed ~ •ny held by s~id MORiGAGEE as fur~Me sKUrity 1o s~id mwtpay~ dcbt, and, rwt ku ~han ten (101 days in advance ol ~he eap~ntwn of cach poGCy, to d~ iive~ to iaid MORTGAGEE a.enewal thereof, toyatlxr wit~ • receipl Iw the p?emivm of tuch renewat; and there tha? be no 6ro or windsio~m insvunt pl~ced on +ny of said buildingt, ~ny intere~~ thcrein w parl thereof, unteu in 1he fo~m and wi~A fhe Ioss payable as a(or~said; and in the evenl any tun of nqn~y becomes payabte under such policy or policies said MORTGAGEE shall haw rhe op~~o~ to receive a~xl apply the same on +ctovnt ol the indebied ness secwed hereby or ro permit wid MORTGAGORS to reteive and us~ it a+ny par~ ~hereof for osi~~r purpases, v.;iho.,t ~hr~. u~ wa~~~ ~g c~ ~~»p~~~ ing any equ~ty, lien w ~ight under w by virtve of Ihis mo:tya9e; and in the ~v~nt ia~d MORTGAGORS shall fw sny reaion iail to keep the said p~emises w ~nsured, or fail fo deliver promptly ~ny of said polities of irtsurance lo ssid MORIGAGEE, w fait promp~ly to pay tully ~nY pre~~~~urn therela w in any respect fail to pertwm, discharge, execute, effecl, complets, comply with ~nd ~bids by this tovenant, a any part hareoi, sa~d MORTGAGEE may pl~ce and pay fw auch insurante w any part lhereof without waiving w affettinp ~ny option. lien. equity, or right under w by virtus of fhis Matga9e, and fht fu!I amount of each ~nd eve~y such payment shall be immediately dve and p+yable and thall bear i~teresl from the date thereof ~n~il pa~d at the rate ol nine pe~ centum pe~ annum and together wish auch inte.est shal~ be secured by the lien of this mortgage. 1. To permi~, commit a sufier no waste, impai~ment or dete~iwation of ssid properTy w any parf ihcreof. i 5. ?o pay all and singulu the costs, charges and expenses, inuuS:~y attorney's fee and costs of abstracts of titls, incurred or pa~d st any time by said MORTGAGfE, betaux w in the event of the failure on the pa~t of the said MORTGAGOR 1o duly, promptly and (ully perform, dixharge. execute, effect, complete, comply w~th and ab:de by each and every the stipulations, agreements, conditions: and covenants of said pranissory note and this mortgage any w ei~her, and sa~d cosb, charges and expenses, each and every, shatl be immed~ateiy due and payable; whether a not there be r?otice da mand, attrmpt to collect or suit pend~ng; and the full amount of each and evr:y sv.:h payment shall bea. interest f~om the da~e thereof until psid at the rote of ~ine per centum per an~~um; arw ail said costs, charges and expenses i~turred w paid, together w~th such interest, tAall be secured by the lien oI thii mortgsge. 1 6. Thst (a) in the event of any breach of this 1Nortgage w defavlt on the part of the MORTGAGOR, a(b) in the eveot any of sa7d swns of money herein referred to be not promptly and fully paid within thirty (30) daya next after the wme severatly become due and p+yable, withoul demand a no~ice, , ur (c) in the event each and every ~he atipulations, agreements, condHions and covcnants of w~d p~omiuwy note and th~s mortgsge any or eithe~ are nof ~uly, promptly and (ully performed, d~uharged, executed, effected, completed, complrcd with and abided Sy, then in either or any such event the said ag- gregate sum mentio~ed in said promiuory note then remaining unpaid, with interest acuued, and all moneys secured hereby, shall become due and pay- ~ able forthwith, or thereafter, a1 the option of said MORTGAGEE, as fully a~d completely as if all of the said sums of money were wg~naiiy 31ipu~aiecf ro be paid on such day, anything in sa:d prom~ssory note or in this AAortgage to the ca+~nry notwithstanding; and thereupon or theceafte~ at the option of said MORTCaAGEE, without notice or demand, suit at law or in eqvity, therefwe or thereafter begu~, may be prosecuted as if all moneyi secured hereby had maWred pno? fo its insfitution. 7. That in the event that at the beginning of o? at any time pending any suit upon this Mortgage, or fo fweclose it, w to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereo( fw the appo~ntment of a Receiver, s~ch Ca,rt shall Forfhwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singular the income, profits, iuues and revenues from whatever source derived, each and every of which, it being eapressly u~derstood, is hereby mor~gaged as if speufically set fath and dewibed in the granting and habendum ctauses hereof,.and such Receiver shatl have all the broad and effective funct~on: and powers in anyw~se entrusted by s Court to a Receiver, and s~.,ch appoinfinent shall be made by such Court as an admitted equity and a matta of absotute right to said MORTGAGEE, and without reference to the adequacy a inadequacy of the value of the property mortgaged or to the sowe~cy w insolvency oi said MORTGAGOR w the defendants, and that such renfs, profits, incane, iuues and revem~es shall be spplied bY such Receiver according to the lien or equity of said MORTGAGEE and 1he ptactice of such CouA. - 8_ To duly, promptly and fully perform, dixlurge, execu~e, effect, mmplete, cornply with and abide by each and every the stip~lati~?s, agreements, :onditions and covenants in said promissory note and this mortgage set fwth. 9. Tha1 in the event the ownership of the mortgaged premises, or any part thereof, betomes vested in a perwn other than ihe MORTGAGOR, the !~10RTGAGEE, its successors and a:signs, may, wiihout notice to the MORTGAOR, deal with such successor a successor in interest with reference to tfiis i mortgage and she debt hereby secured in the same manner as with Mb~tgagor without in any way vitiating w discharging the Mortgagors' liability htre- under or upon the debt hereby secured_ No sale of the premius hereby mortgaged and no fwbearance on the part of the MORTGAGEE w its successors _ or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successon or assigrn, ahall operate to release, discharge, modify change or affect the orginal liability of the MORTGAGOR herein, either in whole or i~ part. ' 10. It is spec+ficatly agreed that time is Qf the essence of this contract and that no waiver of any obligation herevnder or of the obligatan se- c~red hereby shall at any time thereafter be held to be a waiver of the terrtu hereof w of the instrument secured herby. 11. Ir~ add~tion to the fwego"ng monthly payments of princ pal and interest required by the promissory note secured hereby, m~tgagor covenants and agrees to pay to mortgagee vvith each monthly payment an addirional sum estimated by mwtgagee to be equal to 1/12 of the annual cost of tlie follow- ;ng: A-All real property taxes levied or assessed against the above described rea~ estate. B-Premiums on fire and windstorm insurar,ce as herein requ:red to be carried on the improveme~ts situate on the above described premises. G-Premiums on such mortgage guaranty insurance as morigagee shall from t~me to time deem tif to carry on the loan secured hereby. Mortgagee sha+f from time to time notify mwigagor in writing of :F.e o:::ount due and payable he~eundrr and such surn shalF thereupon be due and j ~ ayable on the due date of the next month!y payment and each successive month thereafter ur,til mortqagee shall notify mortgagor of a change in such E a~:ount. Such sums shail be applied by matgagee towmd the paymmt of real property taxes, insurance pem:ums, and mortgage guaranty insuronce o~emiums. IN Y~ITNESS WNEREOF_ the wid MORTGAGOR has hereunto set his hand and seal thc day and ye firs id. Signed, Sealed and delivered in the presence of: a~ . . mpSO (Seaq ~ I) uc e Seaq STATE OF FLORIDA ~ couNnr oF St. Lucie ~ Befwe me personaily appeared 0. C• Thompson Lueille Thompson his wife, to me well known and known to me to be ' the individuals described in and who executed the faegarg instru t, and acknowledged befwe me that they executed the same for the purposes # ~ rnerein expressed. And the said L11Cll~e Z~hompson ; ,r~~fe of the said C• Thompson ~ ~ s rate and rvate i examination by me taken separate and apart from her said hwband, adcrawledged to and before me that she executed said instrument frelely and volun- rar~ly and without any compulsion, constrairtt, apprehension, fear of or from 1xr said husband. ~ WITNESS my hand and offic~al seal this ,U ~ dsy of April q, D. 19 72 ~ ~ e~_ Notary Public in and for t State f Fforid ~t•L~rys My Commission expires: ~~I ~~l . Retum To: ` 1'~ •.i.~~~~':~~;` ~ first Federal Savings d~ loan Association ' ' _"~.•`F.~' ~''if"~ . ~ Oi Fori P~erce. _ , : .f Fort Pierce, Florida ~ : ' ~ AND ftQC0it0E~ f . -r~ ~ f ILEO T~( fL : ' r,; ' . ' : - St.~UC1E ~p~~AS - • ROCEEt t COU~1 - ~ ~ ~ RK CIACUI ~ . ~t. . ; • 4.. - This Instrument Prepared By Richard K. Kayes CLE ~Ea~F1EB First Federal Savings 8~ loan Association REC~RD ~u ~ o f F or t Pierce, Florida 1 2 Z~ j i1 . : Checked By ~~~0~ r BOOK PJIGE ~W f l _ . f ~ `t'f - - _ ~ _ , ~yJ _ ~:~~X ; - - - - ~ - . _ _ _ r ,~~-n-. . . _