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Home My WebLink About0308 To place and co~tinuously keep on the bui:dings now or hereafter sit~ale on sa~d ~and and on al~ equip~~~ent ard peisonally covered by this ma ege, wnh all premium~ ih~reon pa~d ~n f~U, f~re insurance ~n the usuat sea~~dard poilcy form, in a sum approved by the MOR+GAGEE, and w~ndsto ~nsurante in the usual srandard poLcy lorm, in a wm approved by ~he M~RTGAGEE, in such company or canpan~es as the MORTGAvfE m direch and aU fire and winJstorm ins~ranca poGcies on any oi said buitd~r.gs, any interaat therein or p~rl thereof, in t~e aggrega~e sum aforesaid in excess thereof, shall :oniain the usual standard mw~gagae clause or such other clause as the Mortgagee may requ~re, making the ioss undri sa~d po cies, eath and ever~, pay~ble to said A~ORiGAGEE as ~ts intrrest may appear, and each and every such po:~c/ ahaV~ be promptty ass gned a~~d da~ivered ti ~ any held by said MORfGAGEE as (ur~her securiq ~o eaid mortgage debt. and, not less Iha~ ten (101 days in adva~ue of the expirat~on of each poGty, to d. Irver to said hiORTGAGE~ a renewat ~hereof, ~o3~rhrr with a receipt to~ the premium o1 such renewal; and ~here shail t,e no i;re or windswr~n insvranc placed on any of sa~d buildings, any interest there~n w par~ thereof, unless in the form and wifh the lois payable as aforesaid; and in the event any sun of money becomas payable u~der such poGcy w pol;c~es sa~d MORTGAGEE shall have the opt~on ~o rece~Ye and oppty the same on accoum of tha indebred ness aewred hareby or to pennit sa~d MORiGAGORS to rece~ve and use it or any part th•~ecof for otii~~r {:u1; GSrS. \'++~~1GU1 ~hr..,~ .v-~.~ ~3 c~ ~mp.:~~ ing any equity, lien or right u~de~ o~ by virtue of this mo:`gage; and in the event sa:d MORTGAGORS shall for any reason fail to keep the sa~d prem~srs so insured, or fail to deliver p~omptfy any of said po~~ues oi insurance to said MORTGAGEf, or fa~l promp!!y to pay f~;ly any pre~~tium thcrefor or in anY respect fail. to pe~form, d~scharge, execute, e~~ect, complete, comply with and ab~de by this covenanl, or any p~rt htieof, said MOR7vAGEE may place a•}o pay fo~ such insurance or any part thereof w~thout waiving or affecting any option, lien, equi~y, or right under a by virtue of th~s Mor?gage, and ~he full amoun~ of each and eve.y such payment sha11 be immediately due and payable and shall brar interest from the date thereof uniil pa~d at the rete of nuie pei tentum per annum and to7ether wirh such in!eresi shal{ be secured by the lien of this mortgage. To permit, commit w suffer no waste, impairment a deterioration of sa~d property or any parf thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable atto~ney's fee and costs of abstrac!s of titie, incurred or paid at any tim.e by said MORTGAG:E, because or in the event of the iailure on 1he part of the said MORTGAGOR to duty, pro:»ptly and futly perfwm, d~scharge. >xecute, effect, canplete, comply w~fh and ab:de by each and every the stipulations, agreements, conditions, and covenants of sa~d pranissory ~ote and this neortgage any or either, and sa:d costs, charges and expenses, each and every, shall be immediately due and payab!e; whe~her or not there be not~ce da mand, attempt to collect or suit aending; and the full amount of each and every such payment shall bear intereit irom Ihe date thereot u~til paid at the r.:re of nine per centum per an~~u:n; and aU said costs, charges and expenses int~rred or paid, together w~th suth imeresl, shall be szcured by the lien o1 th~s mortgage. 6. That (a) in the event of any 6reach of this Mortgage or defau~t on the parl of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and fully paid within th~rty (301 days next att~r the same severa'Iy become due and payable, without demand or notice, or (c) in the event each and every the stipu~at~ons, agreements, cond+lions and covenants of sa.d pro:»issory note and th~s mortgage any or either are no1 iuty, promptly and futly performed, d~scharged, executed, eifected, compteted, complied w~th and ab;ded 5y, then i~ e~ther or any such event Ihe said ag g~egate sum mentiQned in said promissory note then remaining unpaid, with interest accrued, and a~l moneys secured hereby, shall become due and pay- ab~e forthwith, or thereafter, a1 the opt~on of said MORTGAGEE, as fully and completely as if all of ehe :aid sums of mon~y were a~ginally st~pu~ated to be pa~d on such day, anything in sa:d prom~sswy note or in this N1o~tgage to the conrrary notwithstanding; and thereupon or therea~ter at the op~~on of sa;d MORTGAGEE, without nort:e or demand, suit at law w in equity, thereiore o? thereaiter begun, may be prosecuted as if all moneys secured hereby n~d matuted pnor to its institur~on. 7. Tha1 in the eve~t that at the beginn;ng of or at any time pending any s~it upon this Mortgage, or to fweclose it, or to reform it, or to e~force paymenf of any ~laims hereunder, said M.ORTGAGEE shall apply }o the Cour1 having jur~sd~ttion thereof for the appoiniment of a Reteiver, such Court shail forfhwith aFpo~nt a rece~ver oi said mortgaged {xoperty all and s+ngular, inclvd~ng ail and s~ngular the income, p~of~ts, issues and revenues from whatever seurce derivtd, ~.~cliautl_every of whkh, it b.:~ng expressty understood, is F:ereby morrgaged as if spec~iically set iorth and deuribed in the granting and 1~.3bendum clauses hereof, and such Receiver shall have aIl the broad and effective funct~ons and powers in anyw~se entrusted by ~ Court to a Receiver, and s_ch appointment shall be made by such Court as an admitted eqvity and a matter of absolute right to said MORIGAGEE, and without reference to the aciequacy or i~adequacy of the value of the property mortgaged or to the soivency or insotvency of said MORiGAGOR or the defendants, and that such ients, proiits, incane, issues and reverues shall be applied by such Reteiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To dufy, prompNy and fully perform, discharge, execute, ei(ect, complete, comp~y with and abide by each and every the stipulations, agreemenfs, cor.ditions and covenams in sa~d promissay note and this mortgage set fo~th. 9. That in the event the ownership ot the mortgaged premises, or any part thereof, bxomes vested in a person other than the MORTGAGOR, the f•,pRTGAGEE, its successors and assigns, may, withovt notice to the A10RTGAOR, deal with such successo~ or svccessor in interest with referente to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in any way vit~ating or discharging the Mortgagors" liability here- under or upon the debt hereby secured_ No sa!e of the premises hereby mort9aged ar.d no forbearance on the part of the MORTGAGEE or its successws or ass:gns and no exrension of the time fo~ the payment of the debt here6y sec~red given by the MORTGAGEE or its successors or auigns, a~~al( operate to re!ease, d~scharge, mod~fy change or affect the orig~nzl liability of the MORTGAGOR herein, eilher in whole or in part. 10. It is spec~f:catly agreed that t~me is of the essence of this contract and that no waiver of any obligat~on hereunder or ef the obligaYron se- cured hereby shati at any tinie thereafter be he:d to be a waiver of the terms hereof or of the instrument secured herby. I1. In acid~Tioa to the f~rego]~g month!y paymsms of princ'pai and interest req~rted by the prom sscry no!e secured hereby, mortgagar covenants jnd agrees to pay to m.o:tgagee w~~h ea.h monthiy pay~nent an add;rional sum est~mared by mortgagee to be equal to 1; 12 of thr annual cost of the follow- ;ng: A-All reat property taxrs lev~ed or assessed agai~st the above described real estate. B--Prem~urns on fire and wir.dsro~~n ~nsurar.ce as here~n requ:red to be carried on the im~;roveme~ts s~t~ate on ihe a5ove d=sc~ibed premises. C-Premiu~ns o~ such mortgage g~~aranty ir.sura~.ce as mortgagee shall fro:r t~me to ti~ne deem fit to carry on the ban secured hereby. 'I Mortgagee sha~l lrom time to time nor~iy mortyagor in wr~ting of the amou~t due and payable hereundrr and such suT shall thereupon be due and F~yab!e on the due dare of thz next ~nonth:~ payment and „ach success~ve mor.th thereaffcr urail mcrtgagee shall not~fy mortgagor of a change in wch j ~~:ount. $uch sums shaii be ap~~iird by mortgagee toward u ~ payment of real property taxes, insurence prem:ums, a~xl mortgage guaranty insurance ' ~remiums. ~ IN VlITNE55 YlHEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesa~d. gned, Seal and ~ed in the presence of: / ~ , ~p.,y~j ('~/I'D[~ (Seal) ~ 9/ Ro e Wade Li ard ,p Seaq Kendra Lee ppar ~~aq STATE OF FLORIDA St . Luc ie ~ COUNTY OF ~ ' Before me perso~ally appeared Rovee WaC~ LlnnarA a~ Kendra Lee Linnard his wiie, to me well known and know~ to me to be rhe individuais described in and who executed the fwegang instrument, and acknowiedged before me that they executed the same for the purposes therein eapressed. And the said Kendra Lee Lippard ~ w~fe of the said Royee Wade Lippard upon a separate and private e.am~nation by me taken separate and apart from her said husband, atk~owlcdged to and before me that she executed said instrument freely and volun- ra•~ly and w~tho~t any compulsion, constraint, apprehension, or fear of or from her uid husband. ~ ~ WITNE55 my hand and offfual seal this- ~O-7~ day of ~ . A. D. 19'~ ; . i ^ ry Public in and for the tate of ds`sti g~ ~ _ , . ` , _ ~ Commission expira: = J`_`-" ~ • ti~ Return To: KOTARY PuB~(C. STATE ~f~9~lpkat LA1~E ' " - first Federal Savirw~s 3 Loan Associat~on ~ , _ ~~Y CO~, ..iss:a~, EYpI}S}s Dec. 2s.•a9~s,. ~ Of iort P~erce. Bor.ded 7i.ru :;zno.~l I:i,urar.u Ur.dero•riters: • Fort Piarce, Florida , ~ ~ fLEO AND RECOR EQ~ ~ This Instrument Prepared By; ,J~ H. Roberts Jr, s~•~UCtE C4J1iTY~LA. s ROCER POITRAS l~ ~ First Federal Savings 8 loan Association CLERR CtRCU1T COURT ~ of Fort Pierce ~ Florida 33450 RFCORD VER~FIED Checked By ~ ~7 sl ~ ~ 233U~ 3 ~ ~t~oK 204 P~~E ~08 ~ ~ ~ y _ . _ _ ' __Y ~n: ~ -^ar`°'-.~.~...r~~~= s~~~._~~..~...1. . ~tSi-..~~~ s`^,.~tz3~.+~i<,