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Home My WebLink About2794 t ti.t' .Y . va - To plac~ and continvousiy keep on tM buildinps eaw or M~~+ft~? ~itwte on :~id I~nd and on all equipn?snt +nd perwn+IlY cov~red by this ma sg~, with ~11 premiums thereon pa~d in full, fire ins~ranc~ in the uawl st~ndard policy form, in ~ sum app~owd by 1he MORTGAGEE. +~d wir~to inswaoa in tFr uswl stu~dud pol3cy form, in • wm spprovtd by tM MORTGAGEE, in wch compsny or companies as tM MORTGAGEE m directi and all fks +nd wiodsto,m ir?iursnce policies on any of said buildinp~, ~ny intt?est thaein or p~.t thereof, in 1M angre~~t~ tvm aforKaid in ~xcess ~hcr~of, shall contain th~ ~sual sandud mortsaye~ cl~use a such otha clauis a tM Mortys~ee m~y ~eq~i~~, maklnp ~M Ioss und~. sa~d po cies, each ~nd every, payabt~ ro s~id MORTGAGEE as in inferest may sppear. and sach and ~vay s~ch poliq ih~ll be p~omptly au:yned and delivered ~ any held by aid MORTGAGEE as furtha security to said mortya~ debt, snd nW bs~ tMn ten (10) days in advance of the ~xpiraYan of each policy, ro d~ live~ ro said MORTGAGEE • nn~w~l the~eoi, topelhN wilh a rKeipt for the prtmium of a?ch rer?ewst; snd thers shsll b~ ~o fin w windstam insuranc pt~ad an ~ny of taid buildi~gs, ~ny intc~est tMroin w pa?1 tF~~of, unleu in 1h~ form u~d with tM loss payabN as afo~~s+id; and in tM twnt a~y we~ of money becan~s payabit undK such policy or policiss w~d 1MORTGAGEE shall have ~M option ro receive and apply tM sam~ on account of tM indebted neu ~ecvr~d har~by o? b permit said MORTCsAGORS 1o rec~iw and us~ it w any part thereof fa ottxr pu.poses, wi~hout ~hereb~ waivi~~y w~mpair• irp any eqvity, lisn ot ripht u~der w by virtw of this mors~~ye; and i~? tM ~vtnt s~id 11AORTGAGORS shall fw any reason iail ro kaep the s+id premises w insurod. ot fail fo dslivet promptly ~~y. of said policies of inturanu to said MORTGAGEE, w fail promptly to pay fully ~ny premium theretw w in any respect fail b p~?fwny discl~arg~, ezecute, ~tfect, compkte, comply with and ~bid~ by this cove~ant, a a~y part ha~eof, ssid MORTGAGEE may plaoe ~nd paY fa wch lnwrant~ or ~ny pa?t tlw~eof without w~ivinp w aff~ttkp any optiay li~n, p~ity. w riyhl und~r a by virtw of this MatysQe, and the full anwunt of each ~nd ~wry such payme+?t sh+ll be imnrodi+tdy dw +nd p+y~bM ~nd shsll bear interesl from ths dat~ thereof w?til paid at ths ra» oi nine pe~ ctnwm per ~newm and to9ethe~ with such interest slull be secured by tM IiM oi thq mortpspe. 4. To pKmH, commit or wffer no wute, imp~irment w deterioration of s~id property ot any p~rt the?eof. S. To pay all snd sinpulu tM costs, chupes snd expenses, including ~ re~saNbl~ anorney's fee snd wsts of ~bitracts of title, incuned o~ paid any time by said MORTGAGEE, btcause w in the ewM of the fsiluro on the part of IM said MORTGAGOR to du~y, promptly and fvlly pKform, d~scharyR execuro. ei(ect, compkte, comply with and ab+ds by esch u~d every tha stipul~tio++s, ayreements, conditions, and covcnann oi said promiuory note and this mortg~pe any a eiths~. ~nd said costs, cMrges +nd expentes. escfi and every, sh+ll b~ inwnediately dw and p~y+ble: whethe? a not there be notice da mand, anempt to colkct w wit pendirg; and tha fvll amouot of esch and every s~xh paymem sl»II bear iMer~st from IM dat~ tMreof until p~id at the ~ate of nine pe~ tentum per amwm; ar+d all said costs, charges and ewF,; nses inwrrad w paid, toge~her with such interest, shall be secured by ths lien of this mort~+y~• ~ 6. 1'h~t in the event of any Ixeach of this lNortgsge a default on the part of the MORTGAGOR, o? (b) i~ the eve~t any of ssid swns of ma~ey herein r~fe?red ro bs not promptiy snd fully p~id within thury (30) days next sfter tM sarn! sevaally beca+a due ~~d p~yable. witho~t dem+nd or notice. or in tFa eve~t each and every tF?e stipulat~ons, sgreemenn, co~ditions snd covenanq of sa~d promiuwy note snd th~s mortpage ai+y a either ~re no1 iuly, promptly and fully performed, d~scharged, executed, effected. campleted, complied with and abided ~iy. the~ i~ either w any such ewm tlr said +g gregsN wm mei+Yaned in said p?omissory ~ote then remaining unp+id, with interest accrucd, and all moneys aecured hereby. shall becom~ dw and pay- able fwthwith, or the~eafta, at the optioe? of said MORiGAGEE, ~s fully and completely a~ if atl of the said wms of ma?ey were agin~lly stipulated to be paid on wch day, anything in said promissory note or in this Mwtgage ro the contrary notwithafanding; and thereupon or thereaftet at the option of said NkORTCaAGEE, without notice w demar+d, suit at law or In equity, therefore w thereafter begun, may be proxcuted ~s if ~tl ma~eys sscvred he~eby had matured priw to iri i~titution. 7. That in the event that at the beginning of or at any time pending sny wit ~pon this Mwtgage, w to faetlos~ N, or to refwm it, a to e~fo?te payment of any claims Aere~~der, said MORTGAGEE shall apply to tFro Court hsving jwisdiction thereof for the sppointment of ~ Receiver, wch Covrt shsll forthwith sppoint a receiver of said mortgaged property all and singul~r, includ~ng atl a~d singulsr tF+e income, profits, iuues and revenues from whateve? source derived, ead+ and every of which, it being expreuly understood, is hereby mortgaged as if specifically set forth aod described in fhe ~rantuy and habendum claoses hereof, and sud+ Receiver shalt have all the broad and effective funct~ons aod p~wen in apywise e~trusted by a Co~rt to a Receiver, and :uch appointment shalt be made by wch Court as an admitted equity and a rr~stter of absolute rigM to said MORTGAGEE, u~d without referente to the adequscy o~ in~dequacy of the vali?e of the property mortgaged or to the sohency o~ insotvency of said MORTGAGOR a the defendaMS, and ~hat wch rents, profits, intome, issves and revenues shall be spplied by such Receiver according to the lien w equity of s+id MORTGAGEE and the praceice of sucA COVfI. . . & To duly, promptly and fully perform, dixharge, execute, effect, complete, comply with snd abide by eacfi and every the stipulatiora, sgreements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownenF?ip of the mortgsyed premises; w any part thereof, becomcs vested in s penon othe~ than the MORTGAGOR, the M.ORTGAGEE, in sucteuors and auigm, may, without notice to the MORTGAOR, deal with such svctessor or successo~ in interest with referente to this mortgage and the debl hereby secured iw N~e s+me manner u with JYbrtgagor without in any way vitiatiny or discharging the Mortgsgors' (isbility hera- under a upon the debt hereby secured. No sale of the Exemises hcreby mortgaged ~nd no fo?bea~ance on the part of the MORTCAGEE w its succeuors or auigrn and no extensan of the time for the payment of ~ebt hereby secured given by ti+e MORTGAGEE or i~s succesion w assipns, sh+ll opuate to release, discharge, malify ch~nge or affect tF?e original liability of the IN~RTGAGOR he~ein, either in whole o? in psrf. 10. It is spec~fically agreed that time is of the essence of this contract and thst no waiver of any obligatiorr hueuneler or of the .ablipstion se- cvred hcreby shall at any time thereafter be held to be ~ waiver of the terms hereof a of the instrument setured herby. 11. In add~tion ro the forego:ng mor+thlY paYments of princ'pal and interest iequired by the p~omiswry note secured hereby, mortgagor covenn~ts and sgrees to pay to -.a-tgagee with each monthly payment an add~rional sum estimated by mortgagee to be equal to 1/12 of the annval cost of the follow- ing: A-AD real property taxes kvied w assessed against the above desuibed real estate_ B-Premiums on fire and windstorm insurance as herein required to be carried on the imptovements situate on the above desvibed ptemises. C-Premiums on such morfgage gusranty inswarKe as mwtgagee shsll from time to time deem fit to carry on the loan secured he~eby. Mwtgagee shall from time to time notify mortgagor in writirg of the amount due and payable hereunder and such sum shall thetevpon be doe and Fayabte on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a chsnge in wch amounL Such sums shall be applied by mortgagee toward the payment of real property taxes, iruurance prem:~ms, and mortgage guaranty insurance ! premiums. k IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand a~d seal the day yesr fint afwesaid. ~led and delivered in the aence of: ~ r ~ j ~ aaes . ddleton n ~ n . o yn . zd eton ,L,~ STATE OF FLOltI~A ~ St . Luc ie couNn oF defwe me p~rsonally appeercd James L. Middleton Robyn C. Middleton his wife, to me well known snd known to me to M the ind'rviduab describad in and who e:ecvted the fo~epoiny insnument, ~nd ackrawledped befon me tMt they e:ac~ted the ssme fw the purposa ,h~,~~ .~,~d. ~„d tn. ~;a Robyn C. Middleton ~ wife of tM said J~eB L. Middleton - ~`'~~'~'yp~~ sep~rate aod privat~ exar~uwYan by me tsken seps~ate and apart from her s+id hwband, ~du+owledged to ~nd b:fore rn~ that sh~ exect~`)s~,i~tMr~rA heely and wlvo- ra~~ly and withovt aMr oompulsan, cautrsint, spprch~nsan, or feu of w from Fur s+id lwsband. • • WITNE55 my hand snd official seal thii lst day of un@ 1'.: ~~-1 ';/1 D. 19~ ~ ~ ~ ~ Not~ry Pubtic in and° ~Ar StaM of Florid~.tl ~~rOr My Commiasion ~xpa~ir. ~S ; ~ Return Ta. . PU~1~`i,'JIATE~~RIDA ~t Wt6E fint Fedcral Savings 3 loan Association F~~~ • ' SEPT. 25. 1975 Of Fort P~erce. V ~ ~~MMryp~~ ~~':ie~n:: Fon Pierce, florida F~Ea ~,~o RfcoROEo luC1E couNTr ftA. 4L ~ CL RRCC F~CUIT COURT This (nsirument Pre red B RECORp Ve~~F~Ed ~ Pa Y Wn. E. Bsaun First Federal Savings b Loan Association L~l of Fort Pierce ~ Flotida ~~r 1 10 ze pH ~71 ~ ~ .~Q Checked By ~ ~r~ ~OQ[~ ~f~~ i W ~ ~ ~ - - _ ~w:;~.<-~