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Home My WebLink About0542 . _ , 3. To place and con~inuously kecp on thc b~~'d~nys now o~ hereaiter s~tuate on sa~d land and on all equip~nent ~nd personally covered by this mor ege, w:th ati prenu~ms ~hrreon pa:d ~n t.,tl, f~re ins~rance ~n the uwat s~ai~dard po:~ty form, in a wm appro~ed by the MORtGAGfE, and windsro ~nsurante in ~he uwal s~anda~d pot:cy form, in t sum approved by the MORTGAGEE, in such company or tompanies as the MORiGAGEE m d~rect; and all (ire and v.~nJstorm insurance policies on any of said buildmgs, any intere~l ther~in or part thercvf, in the agg~rga~e sv:n afwesaid in excess Ihereof, sFull ;one~;n tha usual star.dard mo~rg.~gee dause a wch orher dause as the Morrgagee may requue, making the loss undr~ sa~d po cies, each und every, payab'e ?o sa~d AtORTGAGEE as its interrst may appear, and each and eve~y svch po:icy shall be promptly assgned and detivered ~ any held by said MORiGAGEE as (u~ther szcu~ity to Said mortgage debt, and, npt less than ten (10) dayi in ad+ance o1 the eapi~ai~wi of each policy, lo d. i~ver to sa~d MORiGAGfE ~ renewal thereoi, toge~her witb a rece~p~ for the prem~um of such renewsl; and ~hrre shall be no ine o~ wi„ds~or,n insuranc placed on any of sa~d bu~Id~ngs, any interest there~n or psrt ~hereof, unless in ~he form and w~fh the loss payable as aforesaid; and in ~he evenl any sun of mooey becomes payable ~ndrr such poGcy w poGcies said MORTGAGEE shall have the o~r~on to receive and apply ~ne same on accoum of the indebted ness secur~ he~eby or ~o permft sa~d MORTGAGORS ro reerive and use it w any part the:eof t~r o:~~•r pui;,csrs, v~~~hoot th~•~o~ ,,;.~~Ii3 c. ~~npalr fng any equ~ty, Gen a r~ght under w by vi~tue of th~s mo::gage; and in the evem sald A10RTGAGORS sh~Ii tor any reason iail to keep the sa+d preni~ses so ~nsured, or fail to deliver pranprly any of said polKies of insuran~e to sa~d MORTGAGEE, or fa~l promptly to pay fulty any premium therafor or in a~y respect fail to perform, d~s:f~ar9e, execute, efiect, complete, comply wi~h end ab~de by th~s covenan~, or any part ha~eof, sa~d MORTGAGEE may piace and pay fw such insuronce or any parf thereof w~thout waivirg or affecfing any option, lien, equ~fy, or righf unde~ or b~/ virtue oi this Mo~tgage, and the full a~nou~t of each and e.ery such payment shall be immediately due a~d payable and shall baa~ interest from tha date thereof until paid at the rate ot ,une per centum per annum and fo7eth~r •a~th such interest shalf be secwed by the lien o~ this mortgage. 1. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 5. To pay all and singu:ar the costs, charges and expenses, including a ~eawnable attorney's fee and costs of abstracts of ti?le, incurred or paid at any time by said MORiGAG:E, because or in the event of fhe fa~lure on ihe part of ~he said MORTGAGpR to duly, pranp~ly and futly perfo~m, d~scharge. >recute, effecl, complete, comply wnh and ab:da by each and every ttx stipulat~ons, agreements, conditia~s, and covenants o! said pro.misiory note and this ,~~rrgage any or ei~her, and sa:d costs, charges and expenses, each and every, shall be immediately due and payabfe; vrhether o? not there be notice dt mand, attempt ~o collect or suit pend~ng; and the full amount of each and every such paYment shall bear interes+ from ~he date thereof untii p~id at the r. r o+ n~ne per crnturn p~r annu:n; ac~d atl said costs, tharges and expxnses incurred or paid, togather w~~h such interesl, shall be secured by~the Gen of thii mortgdge. 6. That (a) in tF~e event of any b~each of th7s INortgage or defau~t on tFw part of the MORTGAGOR, or (b) in the eve~t any of sa:d surr.s of money f~ere~n referred to be not pron,ptty and futty paid within thirty (301 days next atter the same severatly become due and payable, without demand or notite, or (c) in the event each and every the snpulat~ons, agreements, cond~tions and covenants of sa;d pranisw~y note and Ih~s mortgage any a ei~htr are not iu;y, promptly and futly performed, d:scharg~d, execueed, effected, completed, compGed w~~h and ab~drd 5y, then in either or any wch event the sald ag g~egate wm menrioned in sa~d promiss~ry nore Ihen re~r,aining unpa~d, with interest accrued, and aIl moneys secured hereby, shall become due and pay ab:e forthwith, or thereafter, at the option of sa~d h10RiGAGEE, as fully and completety as i1 all of ~he wid sums oi money were o~iginatty stipuiated to be pa:d on such dcy, a~ything in s3:d p~Omisiory note or in this Matgage lo )he contrary notwi~hstand'u~g; and thereupon or thereafter at the option of sa;d /NORTGAGEE, without notice w demand, suit af law or in equity, therefore w thereafter begun, may be prosecuted as if ali moneys secured hereby ~ad nutured pnor to ~ts institut~on. 7. That in the event that at the beginn;ng of or at any time pending any svit upon this Morlgage, or to foreclose it, or to reform it, or to enforce payment of any claims he.eunder, sa+d MORTGAGEE shall apply to the Court having jurisd~c~ion ~hereoF iw the appointment of a Raeiver, such Court shail fc~~hwith appo~m a receiver of said mortgaged proprrty all and singular, includ~ng a? and singu~ar fhe irtcome, prof~rs, issues and revenues i~om whateve? s:urce derived, eath and every of wh~ch, it being expressly understood, is hereby moirgaged as if speufically set forth and described in the graroing and h~~endum ciauses hereoi, and such Rfceiver shatl have aH the txcad and effective funct,ons and powe~s in anywise entrusted by a Courf to a Reteiver, and s_ch appointme~~t shalt be made by svch Court as an admitted equity a~d a maper of absolute ri~ht to said MORTGAGEE, and withoul refere~ce to the rdequacy or inadequacy of the val~e of rhe properey mertgaged or to the soivency or insolvency of sa~d MORiGAGOR a the defe~dants, and that such re•,~s, profits, incarn, issues and revenues shafl be aFplied by such Receiver accord~ng to the tien or equity o( said MORTGAGEE a~d Ihe paactlce of such Court. 8. To duly, prompt;y and fully p~rform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, sgreements, :onditions and covenan~s ~n sa~d promisswy note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h',ORTGAGEE, its svccessors and assfgns, may, wi~hout nouce to the MORTGAOR, deal with such successor w wccessw in interest wi?h reference to thia mo.tgage and the d_bt hereby sec~red in the same manner as with Mortgagw without in any way vit;ating or distharging the Ihoetgagori Iiability here~ ~~der or upon rhe debr hereby secured. No sa:e of the p~e~n;ses F~ereby mo~lgaged and no forbearante on the part of the IhORTGAGEE or its successors o~ assigns and no extension of the timr for the paymenf of the debt hereby secured given by the MORTGAGEE o. its successors or au~gns, a~~at~ operate ro re!ease, d~uharge, modify change or affeU the orig~nal liabil~ty of the MORTGAGOR herein, either in whole or in parf_ i0. tt is spec~f~caliy ag~eed that time is of the essence of this contract and Ihat no waiver oi any obtigation hereunder or af the obligation se- cured hereby shal~ at any time thereat:er be hetd to be a waiver of the terms hereoi or of the instrumem sec~.ed herby. I1. In aJd,tEo~ to the forego ng r..ontli!y payments of princ pal and interest required by the prom[ssory no!e secured fiereb~, mortgagar covenants +~d agrees to pay to mo:tgagee v~,;th each monthiy payn:ent an add~rional sum es~~mated by mortgagee to be eqvai to 1, 12 0( rhe annual cost of the follow- in~_ ~ A-All real proae.ty taxas Icv~ed o. assessed aga~•,st th~ above described rea! estate. B-Pr~n,~ums on fire and windsior~n ~nsurar.ce as here~n r~v:red to be carried on the improveme~ts s~tuate on the above d=scr;bed premises. - C-Pre~niums on such m.ortg;ge guaranty ir.surar~ce as mortgagee shali irom t:me to ti~ne deem fit to carry an the loan secvred hereby. Mortgagee sha!I from t;.me to t;:ne rtoa~fy mortgagor in writ~ng of the amount due and payrble hereundrr and such surn shall thereupon be due and ;,,able on fhe due da~e of ~he nexr n;omh'y payment and each successive month thereaft~r ur.til mortgagee shal~ notify mortgagor of a change in such ~-ount. Such wms sF.a:( be app!ied by mortgagze ~oward the payment of rea! property taxes, insurance prem:ums, and mortgage guaranty insurance :~~emiums. IN YIITNE55 ~~HERE~i1e said MORTGAGOQ h~ hereunto set his hand and seal the day and year first es ' , Sealed and elive~ed in t e~~+esence of: ~ ~ ~ L~_ an ' C evelanc? Bu lo k ~~s~~ _ _ • (Sea4 _ ~ i onnie T. Bu lock ~~a~~ ~ SiA7E OF FLORIDA ~ . i OUNTY OF ~t • I. iir ~ c~ • I Before me personally appeared Cleve2<"iT1C~ ~U1 Z.OC'~: • and _ Lo nn i e T. Att 2 lOCk h~s wife, to me welt kr~own ar+d' knowit ~to.rv~e to be rhe individuals described in and who executed the foregoing instrument, and acknowtedged before me that they executed-lfq•iarpa.lor'f purposes Lann i e T. Bei 1 lock . rherein expressed. And the said` ' r,~fe of the said C1 t~p and R~l 1 nrk ' 'y~n~jsepf,ate;~nd priYat~ eaarn~nat~on by me ta4e~ separate a~d apart from her said husband, at4now(edged to and before me that she exetuted said ittsyw~ytn ~frpely, and'votuo- ia-~ly and w;thout any co.mputsion, constraint, apprenens~o/~, or fear of or from her said husband. r ~ Jttl ~ ~ . ~ ~ = 72 WITNESS my hand and_offiual seal this_ 1 day of~ ~ l q~ D: 19 ; • ~ / ~ << ~ ; ~ i ~ , ~lotary PubOc in an fa~ he S~ate of Florida at Large My Commission expires~ _ ~ Return io: . - ~ ' ` , First Federal $avings g Loan Association J Of Fort P.erce. Porf PicrcC, Flc~ida ~ f1 ~EO ANO IIECORDt iT.tUC~E GOUMTr ~t~. This Instrument Prepared By John tv', Co21 in ~ 'ROQER POItRA= First Federal Sav+ngs 8~ Loan Association OLERR CIRCUIT COURT t of Fort Pierce, ~ 1 c~ r i c?a RECORfl YERlF1E0 ~ Checked By Z 3 os PM ~ 1~ BCOK 2O~ PACE ~~3200 ~ ~ - - - - - - - - ~ ~:i . . _ . ~.k es..L:_..:r , cw"" . . 'f 4`~,`~ Y~,~a.._~~~