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Home My WebLink About2677 . ~ ~ E ~ ;t~ ~ ! 3. To plac~ and continuously keep on the bui!d~ngs now or hereafte? s7~uate on satd Iand ~nd a+ ~II equipment snd p~.sonally covared by this ma sg~, with all premiums thereon pa~d in futt, fire insurance in the usval s~andard poli~y fam, i~ a ~um apprEretJ by Ihe MORfuA~EE, ~nd wi~dsto insurance in tFa ~iual s~andard pol;cy form, (e a sum approved by the MORTGI~GEE, in tvch company w companies aa tM MORTGAGEE m ~ direc~; and all iAs and wlndsrorm insura~+ca poliues on eny of sa~d kwild~e?ps, a~y interesf therein w parl thereof, in the a~reyat~ tum afpesiid tn txces~ t??ereof, thall contain the usual standard margagee dause w suth o~her clsuw ~s 1M Matp~9ee m~y req~:r~, makiry tM loss unde~ sa~d po cies, each and every, p~yable ro iaid MORTGAGEE as its imere~t may appear, and each and eve~y such policy shall be prompt~y us.9ned a~+d detive~ed ~ eny held by said MORTGAGEE as lunher security to said mwtgage debt, ar+d, not lesa Ihan te~ (]0) days in advancs ot the ekpir~tan of eacA policy, to d~ livtr to said MORTGAGEE a renewsl the~eof, toge~her with a reteept fw the premium of such ~enewal; and ~here shall be no f~rs w windsto~m iniu~ant plxed on ~ny of said build~ngs, ~ny in?erett thcre+o o~ p.:r~ thereof, unles~ in tM fwm and wi~h the tou payable a: afwesaid; acd Fn tM e~eM sey ~vn ; of money becomes pey~ble unaky =uch poliq or policiss seid MORTGAGEf ahall have the optioe? ro receive and apply the same oe~ accoun~ oE the indebted ` ~?et3 ~ct~red herQby w b permit ssid MORTGAGORS ro receive and use it or any part thereof tw otinr purpases, wi~hout th.~eo~ waiv:~ig or enpa~r ~ ing any equity, lien a rght under w by virtue of this morrgage; and in th~ ~rent said MORiGAGORS shall fa any reason fai) to keep the said prem:ses ~a ~ insured, or feil to deliv~v promptly ~ny of said policiei oi insurance to a~d MORTGAGEE, w fail promptly to pay tvlly any premium ~herefa o~ in any respect fail b paform, d~scharge, execvts, effect, complete, comply with ~nd abide by this covenant, a any pact he~sof, said MORTGAGEE may pl~ce and paY fa such ins~rance w u~y pan thereof without wsivinp a affectirg any op~ion. i'~en. equity. a~~ght u~der or by virtw of this Mort~age. and the full amount of each and everyr such payment ihall be immediately due and payable ~nd shall beu inta~est from IM date thtreof until paid at tM rate oi ~~~e pcvi ce~r~m per annum and togetAer w+th ~uch inrerest ihall be secuied by tha lien of this mortgage. 1. To permit, commit a suffer no waste impairment or detaioratan of taid prope~ty o? sny parf thereof. 5. To pay stl a~d singulu the costs, charges and expen~es, includin~ s reasonabk at~aoey'i fee and costs of abstracts of t~rls, incuRed w p~id at any time by aaid MORTCaAGEE, because or in the event of the faiiure oo the paA of 1M said MORTGAGOR to duly, promptly snd fully periprm, d~uherye, executa, effect, comp~ete, comply with and ab:de by each and every the stipulations, sgreemeMS, caxlitiau, snd cove~wnts of said p~omi:sory nofe ar~d ~his mwrgage any a'eiihe?. and aa~d tosts, cMrges and expenses, each and every, shall be immediately due and payable; whethcr w no~ rhere be notice de mand, ~ttempt to tollett w wit pending; and ths fufl amount of eath and every sucA paymeM shaU bear interest from 1F~e date thereof v~til paid a1 IF+e .ate of nine per crntum per annum; and all said coats, charges a~ expe~ses intvrred or paid, together with such interest, ahall be secured by tM lien of thu mwt~a~e. 6. ihat (a) in the avent of any breach of this Mortgage or defautt on the part of the MORTGAGOR, or (b) in the event any of asid sums of ineney herein referred to be ~ot promptly and f~ily paid wi~hin thirty (30) days nex~ aiter the same severally become due and payabte, witFw~t demand or notite, or (c) in the event each and every the ttipvlations, sgreements, conditions and covenants ot said promiuory ~ote and this mortpa9e any a either are nol iuty, prompNy and futly perfwmed, d~scharged, executed, effected, tomplrted, complied wrth ~nd abided by, then in either w any svch evem the said aQ gregate wm mentaned in said promiswry note then remaining unpaid. with iNtresl atcrued. and all moneys setured hereby, ihsll betorne due end psy- t ahle fwthwith, a tfrereatter, at the optior~ of uid MOR7GAGEE, ss (uUy ind completely as if all o~ the said wms of mwrcy were originelly st~pulsted i to be paid on such day, anything in sa~d prom;uory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of i sa~d MORTGAGEE, without notice or demand, wit at law or in equity, tI1HCFOfO Of 1F1NNI/N begu~, may M prosecWed as if ail moneys secured hereby i had matured pr~or to its irutitution. 7. That in the event that at the beginning of or at any time pending any suit upon thit Mortgage, o? to fore~{ose it, a ta rofwm it, a to enfwc~ payrn~nt of any claims hereunder, said MORTGAGEE shall appty to the Court having ju?isdiction the~eo} fw the sppantment of s Receive~, s~ch Court shall Forthwirh appoint a receiver of said mortgaged property all and singuta?, includ+ng all and singutar the income, p?ofits, iuues and revenues from wh~tever source derived, each and every of which, it beiog expressty unde~stood, is hereby mortgaged as if specifically set fwth and destribed in the ~ranti~g and habendum c!a~ses hcreof, and such Receiver shall have a0 the brosd and effective tunci~ons and powers in anywise entrutted by a Cour! to s Receiver, and such appointmeot shall be made by such Cour~ as an admifted equity and a matter of absolute right to ssid MORTGAGEE, and without reterence to the edequacy or insdequacy of the value of the property martgaged o~ to the solvency o~ insolvency of said MORTGAGOR oi fhe defendants, and that such rents, profits, intame, iuues and revenues shal! be applied by such Receiver accwding to the lien or equity of asid MORTGAGEE and the praciite of suth Court. 6. To duly, p?omptly and fully perform, dischsrge, exccute, effect, complde, comply with and abide by each ar?d evtry the stipulati~, syrcemepts, conditions and covenants in sa~d promissory note and this mortgage set forth. 4, - 4'[~F` 9. That in the event the owreership of the mo~tgaged premises, w any part thereof, becomes vested in a penon other than the MO~tj~'i/~GOR,-•the MORTGAGEE, its successors and assigns, msy, without nofice to the MORTGAOR, deal with such suceessor ar successw in interest with ri~kr~ryce to_lhis rnortgage and the debt hereby secured in the same man~er as with Mortgagor without in a~y way vitiating or d~s:harging the Mo?tgagors'' 6ib~tiry 1»rr under or ~pon the debt hereby secured. No sale of the premises hereby mortgaged snd no fwbearance on the part of the MORTGAGEE oc i1s ~utceAwa or asigns and no extension of the time tor the payment of the deb~ hereby secured given by the MORTGAGEE or its successars or auigra; shat~ opetate ro release, discharge, modify change or affect the or;ginal liabil;ty of the MORTGAGOR F?erein, either in whok or in part. 10. It is specificaliy agreed that time is of the essence of this contract and that no waiver of any obligation he~eunder w of the pbligatari~sr cured hereby shatl at any time thereaHer be held to be a waiver of the terms hereof w of the i.nssrument secured herby. 11. In add~tio~ to the forego:ng momhly payments of princ pat and interest ~equired by the promissory nose sec~red hereby, mort9egor eovenants and agrees to pay to mortgagee witb each monthly payrnent an addhional sum estimated by mortgagee to be equal to 1/ 12 of ~he annual cost of the fplFpw- irtg: . A-All real prc~perty taxes levied w assessecl agai~st the above described real estate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be ca~ried cn the improvements situate on the above described pre.-rwses. - C-Premiums on such matgage guaranty insurar,ce as mortgagee shall from time to time deem fit to carry on the loan secured I~ereby.. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such su:n shali thereupon be due and payable on the due dare oi the next monthly payment and each successive month thereafter ur.til mortgagee shatl not:fy mortgagor of a change in such amount_ SucA sums sNall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~x! mwtgage guaranty insurance premiums_ N WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and ytar first afw id. • . Sealed and deliv i the pesente of: ~ s~ ~ P~ C, Thom s ~n rc.~q aq SiATE OF FlORIDA ~ ' COUNTY OF _ St _ 1> > ~ Befwe me perwr?ally appeared 0_ C_ Thmm~sen Lucille Thoaps ~A his wife, to me welkknown and krwwn to me to be the individuab described in and who exet~ted the fwegoirg i~strurt?eat, and ackrwwledged befwe me that they e~¢cufed ~the sarne for the pvrpues therein expressed. And the said L.11~1.i1Q Thompson ~ ''r: - ~ wife of t 0 C Thom SOR r-----~-~, . - i he saEd • • P ' uP~ i aepKate~:ard privat~ exam~natiw~ by me ta4en separate and apart from her said husband, +dcnowledged to and befo~e me ti?at she txecuy~i taid intpvment hKty_~nd vo{urn , ra,~ty a w~thout any compvlsion, const.:.int, appreF~ensi , or fear of w from her said husband. : .r 1~' i + ,e_ ~ i... . - : - WITNESS my hand and offic:al sea! this,_ day of ~ ..~g, Q,~q 72 ~ . yl • ~ . ' Notsry Public in and for t{j~'S. ''+pf+N~`d~ ,.~r~e ' My Comm+ssion exp+ras: ' . `'~1 • aeturn To: NOTARV PUSLIC: ~TM[ ot RARIDA ~t LAMIE first Federal Savings 8 loan Assot:dt~on MY COMMISSION EXPIRES ;EPG 25. 1975 Of fort P~erce. BOlld~d B)t ~71~j~~p ~~J~ ~ Fort Pierce, Florida f FILED ANC RECORDE~ ' ST.lUC1E COUNtr flA. i ROCER POITRAS This Instrument Prepared By John W. Col2ins CLfRK C~ ~CUIT COUeT First Federa! Savings & Loan Association RECQRO VEkIFiED• of Fort Pierce , F lor i da ~IIN~i I ~Z 03 ~'~Z ~ Checked By . r f~ ~ ~ ~ . , - ~ ~ , ~ - - E~~='~ ~ 3