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Home My WebLink About0774 3. To place and coroinuously kecp on thr bui'd~r.gs now or hereafier ~ituate on sa~d land and on aL' equ~p~neM and penonaily covrred by this mor ege, w~ih atl prem~vms ihereon pa.d in fuil, hre ins~ronce in the ~suat sranderd po'icy torm, ~n a swn aFproved by ~he hSOR~G%.GEE, and windsto inswante in the usual standard po:.ty fo~m, in a svm approvrd by the MORTGAGEE, in such tompany o? ton:pan~es as the h10RTGAGEE m ~ direcr; and all fire and w~nd~torm insvra~ce po;~c~es on any of said buildmgs, any interest therein or part thrreof, in Ihe aggrega~e sum afo~esaid in excest thereoF, shall contain the usuaf srandard mortgagee dause a such other cla~se as 1he Mortyagee may rrqu~re, maAing the lo~s undrr sa~d po ues, each and every, payable to sa~d ~.~ORTGAGEE as ~?s imareit may appear, and each ar.d every such po!~cy shall t;e prornpuy ass g~~rd and delrvcred ~ sny hrld by said A10RTGAGEE as (urthar security to sa~d mo~tgage debt, snd, not less Iha~ ten (10) days in advance of ~he expuation of eath pol~ty, to d. Irve? to said MORTGAGEE a renewal thereof, toge~he~ with a receipt for the premium of such renerval; and the~e sFwll !x no i~ra or winds~orm insuraoc placed on any of said buildings, any interest the~e~n or part Ihereof, unless in the (o~m and w~ih the loss payabte aa afc:esaid; and in the event a~y sun of money txco~nes payable undrr wch policy a pol~ciea said MORIGAGEE ~fiall have the op~~on ro recaivr and app!y the sa~ne on account o( ~he indebted ness sewred he~eby or to permit sa~d MORTGAGORS ro reteive and use it w any part the:~~of for o~ir:r Nur;.oxs, ,.~~ho~t ih~r~~~ .v~~~i•~3 or nna„~~ ing any equ~ty, lien a righl under or by virtue of this mo:!gage; and i~ the evenl sa;d MORTGAGORS shall .`or any reason fail to kcep the sa~d premises so insured, or fail to drliver pranptly any of said policies oi insurance to said MORTGAGEE, or fail pran,ptly to pay (ully any prem~~m therefor or i~i a~y respett fait to per(o~m, d~scharge, ezecu!e, effect, complete, comply with and abide by th~s covenant, or any part hrreof, said MORTGAGEE may place s~~d pay for such insurence or any part thereof w~thout waiving or affecting any ophon, lien, equ~ry, or r~ght under w by virtur of this Mor~gage, and the 1u11 a~no~nt of each and every such payment shall be immediately due and payable and shall bear interest irom the date thereof unril p~id at the rate ol nine prr tentum per annum ~nrl to~eth~r w~th such inter~st shati be sewred by the lien of th~s mortgage. 1. To permil, mmmit w suf(er no waste, impai~ment or deter~oration of said prope~ty w any part thereof. 5. To pay all and singu7ar the costs, tharges and expenses, including a reaso~ab!e atto~ney's fee and costs of abstracts of title, incurred o? pa~d at any tin:e by sa~d MORiGAGfE, because or ~n the event of the fa~lure on the pa?t of the said MORTGAGOR to duly, pra»pNy and fu~ly perform, d~scnarge, ~xecute, efiect, canp:ete, compty w~th and ab:de by each and every the stipulat~ons, agreemenu, conditions: and covenanrs of said promissory note and this mortgage any or either, a:~d sa:d costs, charges and expenses, each and every, shall be immediateiy due and payabie; whether or not thrre be not~ce dr mand, attempt to collect or suit pend~rTg; and the full amounl of each and every such payment shalt bea~ interest from the date thereot until paid at the r.,~e o~ n~~~e per centum ~xr ~~u~~:n; on~ all said costs, charges and ex~nses irxurred w paid, together w~th such interes?, shall be setured by the lieo oi thi~ morigage. 6. That (a) in the eve~r of any breach of this Mortgage or default on tM parf o[ the MORTGAGOR, or (b) in the event any of sa~d sums of money herein referred ~o be not pro~nptly and fully paid within th~rry (30~ days next aiter the sa~ie severa:ly become due ar.d payabte, wi~hout demand or not~ce. or (c) in the event each and every Ihe stipulations, agreemeNS, conditions and covenants of sa~d prom~ssory note and th~s mo~tgage any or eithe? are not ~uly, prompHy and fuliy pe~formed, d:scharged, executed, effected, completed, comptied with and ab~ded 5y, ~hen in either or any such event the said ag gregate sum ment~o~~ed in se~d promissory note then remaining unpaid, with interes± actr~ed, and a!I mone~s setured hereby, shall become due and pay- able lorrhwith, or ~hereafter, at the opt~on of said MORTGAGEE, as fully and completely as if all of the said sums of money were ong~nally st~pulated to be pa~d on svch dcy, anyth~ng in sa:d prom~ssory note or in th~s Mortgage to the connary nofwi~hsrand~ng; and thereupon or thereaiter at the option of said MORTGAGEE, withcut no+ice or de~nand, su:f at law w in equity, therefo~e or thereaiter begun, may be prosecuted as if all moneys secured hereby had matured pr~or to ~ts institut~on. 7. That in the event that at the beginning o( or at any time pe~ding any suit upon this Mortgage, or to foreclose it, or to reform it, o? to enfo?ce payment of any claims hereunder, said I.tURTGAGEE shafl apply to the Court having ~urisdiction thereof for the appointment of a Receiver, such Court shail fcrthwith appaint a receiver of s~id mortgagcd property atl and singular, includ~ng all and singular f}~e income, prof~ts, iss~es and revenues trom whatever acurce derived, each and every of .tih;ch, it being expressly understood, is hereby mortgaged as if spec~ficatly se! iorth and desuibed in the g~anting and haixndum cla~ses hereof, and s~ch Receiver sFail have all 1he broad and effeu~ve funct~ons ar~d Fowers in anyw+se emruared by a Courf to a Receiver, and such appointment shall b.~ made by such Covrt as an admitted equity and a rr.atter of absolute right to said MORiGAGEE, and without reference to the edequacy w inadeqvacy of the value of the property mortgaged or to the so:vency er insotventy of said MORiGA(~aOR w the defendams, and th;t such rents, profits, incane, issues and revenues shail be applied 6y such Receiver accord~ng to the tien or equity of said A10RiGA{'iEE and the praclice of such CouA. _ 8. To duty, pr«r.ptly and futly perform, d~scharge, e:ecute, effect, complete, comply with and abide by each and every the stipulatiw~s, agreements, conditions and covenants ~n sa~d promissory nose and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereoi, becomes vested in a person other ihan the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, wirhout norice to the MORTGAOR, deal with s~ch succeuor or successw in interest with reierence to this rrortgage a~d the d:bt hereby secured in the same manner as wi~h Mortgagor withovt in any way vitiating or dixharging the f.tortgagors' liability here- under w upon the debt hereby secuied. No sale of the premises hereby morfgaged and no forbearance on the part of the /J10RiGAGEE or its successors or assig~s and no exrension of the time iw the payment of the debt hereby secured given by the /AORTGAG'_E or its s~ccessws or ass~gns, a~~all operate ro release, d~scharge, modify change or aifect the orig~nal liab~iity of the MORTGAGOR herein, either in whofe or in part. 10- It is speufica~ly agreed that time is of the esse~ce of this contract and that no waiver of any obl~gation hereunder w of the obligation se- cured hereby shail at any time thereatter be heid ro be a waivrr of the terms hereof or of 1he instrument secured herby. 11. In acid.uc~ to the foreg~'~ig month!y paym~n!s of princ pal and interest requ~red by the prom;sspry no!e setured he~eb~, mwtgagor covenanss and ag~~es ro ;,a{ to m.orly~gce v.~th cach monsh!y payr.:er~t an ada~rionat sum estin:ated by mortgagee to be eq~ai ~0 1; 12 of the aneual cost of the follow- i~ig: A-All real property taxas levied or assessed agai~st th~ above destribed real estate. ; B- Premlu:n"s on ftre and wir:dstorm insurar.ce as herein requ~red to be carried on the ]mprovements s~tuate on the above desa~bed premises. G-Prem~vms on s~ch n-:ottg3ge guaranty ir.surar~ce as mortgagee shall from t~me to t~me deem fit to carry on the ~oan sewred hereby. Mortgagee shaPt frcm nme to time notify mor~gagor in writ~ng of the arnount due and payable hereundrr and such suT shall lhereuNon be due and f ~.ayable on the due aa!e of the next month:y paymeN and each sutcessive month tlwreafter ur~til mortgagee sha!1 not~fy mortgagor of a thange in such a~~iount. Such s~ms sFa:k be app!ied by mortgagee toward the payment of real property taxes, insurance prem~ums, and mort~age guarenty insurance ~ premiums. IN YJITNESS `:1HER~OF, the sa~d PJ:ORTGAGOR has hereunto set his ha~d and seal the day and ear first aforesaid_ ~ Signed, Sealed and detivered in the presertce of: ~ an IOI ~Seaq ~ ~ (Seal) Clota~de F. Taylor ~~ay STAiE OF FLORID/t ~ $t • L.UC 1@ ~ COUtJTY OF _ Before e persanally appeared Lloyd Taylor a~ Clot~de F. Taylor his wife, to me well known and known to me to be ffie individ~afs described in and who exec ed the for~e oi~q instrument, and acknowledged before me that they executed the same for the purposes the~ein expressed. And the said_ ClOtl~@ r' • 1~1}/lOY wifz of the ~~d _ 1-loyd Taylor _ upon a separate and private e,ca~r:;nation by me taken xparate and apart from her said husband, acknow:edged to and before me that sF~e execute~d said instrument fteely and, vot~rt- ra:dy and wifhout any tompufsion, constraiN, apprehe-n/s;on, w fear of or from her uid husbartd. ~J 2 Y~ITNESS my hand and official seal this ~~`f~ day of A.~B. •19" _ . . ~ Notary Public in and for the e of a~ r _ My Commission expires: ~ : ~ ~ - - . . . ~ ~11~ Return To: • ' i . i^%L 2a iirst Federal Savings d. loan Association g ~.:'.j-~:~:cr ~:'P~`- . Of Fort P erce. ~ r-. Fo:t Pi:~:Ce. F:cric~a ~T.,; ~ u' FIlEO ANp RECOR~E~ -~`~~;•';,~,r,~;',~~ t a ST. tUCIE COUMTr ilA. - ~ ROCE~t POITRAS ' ~ , ~ This Instrument Prepared By :~~m. E. Bratul CLERK CIRCUIT CWIRT' ~ first Federal Savings 8~ Loan Association AECORD YERiFIEO of Fort Pierce ~ FloZida ~ I~ 4 io PM'~t Checked By 233338 ~ eceK 204 PacE 774 ~ ~ _ - ~ - ~ _ i- - ~ _ - K ~