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Home My WebLink About1410 . . . } To p~ate and continuously keep on 1~e bui:dingt now or hereafter ~ituate on sa~d ta~d and on all cquip~nent and personally co~er¢d by this mo~ sge, with all prem:ums Ihe~eon pa~d ~n full, firc insurance ~n the usual standard pot~ty form, in a wm approved by the MORiGAGfE, and windslo ~nsu~ance in the usuai srandard pot.cy form, in a sum approved by ~he 410RTGAGEE, in ~uch company o? compan~es as ~he MORYGAGEE m d~rcct; a~d all fire and w~nds~orm insurance polic:es on any oi sa~d bu~td~ngs, any inte~est therein or par~ thereof, i~ the ag9regate sum aforesaid in excess Ihereof, shall contain ~he usual s~andard morigagae dause or such o~he~ dause as Ihe Ma~gagee may requ;re, maAing ~he toas undr~ sa~d po c~es, each and every, payable to said A~ORTGAGEE as ~ts intarest may appea~, and each and every wch po~~cy sha11 be promp~ty ass gned and dctivr~ed i arty held by said MORIGAGEE as fur~her secu~~ty Io said mortgage debt, and, not tess than ten (t0) days in advarxe of the eapi+ation of each pol~cy, to d~ G~er to said MORTGAGEf a renewal thereof, ~oge~her with a receipt fw the premium of such renewal; and ~here shaU be no f~re or w~~~ds~or~n in~uranc placed on any of said build~~gs, any imeres~ the~ein or par~ tht~eof, unless in the form and with the loss payab!e as ato.esaid; and in the event any sun of money becomes payable unde~ such policy or pol~cies said MORTGAGEE shall have the option to receive and app:y tha same on account ol the indrbted ness secured hereby a to permi~ said MORTGAGORS to ~eteive and use it w any par~ Ihe:cof for oaner purF,oses, v.~~iiout ~h~nui wai~i•y cr nnpair ? ing any equ~ty, liert w right under a by virwe of this mo:!gage; snd in the event said MORTGAGORS shall for any reason fail to keep the said premisrs w f ~ns~red, or fail lo deliver promptly any of said pol~ucs of insur~nce to said MORTGAGEE, or fai! promptly to pay fully any premium there}or w in any respect fail to perfam, d~scharge, execute, ef(ect, completa, comply with snd abide by th~s covenan?, a any part hereoi, said MORTGAGff may place a~~d ~ pay (or such insurance or any part thereof without waiving or affecting any option, lien, equ~ty, or right u~der or by virtue of this Mortgage, and ~he fu11 amwnt of each and every such payment shall be immediately d.ie and payable snd shall bear inte~est from the date ~hereof until paid at Ihe rate ol ~ nme per cenium per annum and lo~ether wifh such interest sha!( be secured by the fien of this mortgaqe. To permit, commit or suFfer no waste, impairment or deterioration of said property w any pan thereof. t 5. To pay aN a~d singular fhe costs, cAarge~ and expenus, including a reasonabte attwney's fee and cos~s of abstracts of ti~le, ~~curred or paid at } any time by said MORTGAG:E, because w in the event of the failure on the pan of the said MORTGAGOR to duly, promptly and fufly perferm, d~scharge. >xecute, effect, complete, comply w~th and ab:de by each and every the stiputations, agreemenrs, conditiona, snd covenants oi said promissory note and this ,~nortgage any or either, and sa~d costs, charges and e;:penses, each and every, shall be immediatety due and payable; whether w not there be notica da mand, attempt to collect pr suit pending; and the full arnount of each and every svch payment shalt bear inrerese from fhe date thereoi unlil paid at the r.,~~ oi nine per centum per annum; arw al! said cosis, charges and expenses incurred or paid, together wilh such iNtrest, shail be secu~ed by the lien of th~~ mortgsge. 6. That (a) in the event of any breach of this Mortgage or default on tM part of the MORTGAGOR, o? (b) in the event any of satd sums of money herein refer~ed to be not promptiy and futly paid within thirty (30) days next after the same severally become due and payable, without demand w notice, or (c) in the event each and every the stipulations, agreements, conditions and covenants of sa~d promissory note and th~s mortgase any or ei~he? are not i iuly, prompt{y and fully periwmed, d~uharged, exetuted, effected, complered, complied with and abided hy, then in either or any such event the said ag ` gregare sum mentioned in said p?omissory note then remaining unpaid, with interesl accrued, and all moneys setured hereby, shall becomt due and pay- able forthwith, or thereaf:er, at the opt~o~ of said h10RTGAGEE, as fuliy and completely as if a~l of the said sums of money were org~nslly sNpulated to be paid on such day, anything in sa:d piom+sscry note a~ in this Mortgage to 1he tontra~y notwithstand'u~g; and thereupon or thereafter at the option of :a~d MORTGAGEE, without not~ce w demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby h_d matured pnw to its instituhon. 7. That in the event that at fhe beginning of or at any time pending any suit upon this Mortgage, ot to fwetlou it, w to reform it, or to enforce payment ef any claims hereunder, said MORTGAGEE shall apply to the Court having ju~isd~ctio~ thereof for the appo~ntment of a Receiver, svch Court shafl ` forthwith appoint a receiver of said mortgaged property att and singular, inttud~ng all and singular the incomq p~o1ils, issues and revenues from whatever sou.ce derived, each and eve~y of wh~ch, it be~ng expressly underztood, is hereby mor+gaged as if speufically set iorth and described in the granti~g and habendum clauses hereof, and such Receiver shall have alt the broad and effective funct.ons and powers in anywise entrusted by a Gou~t to a Receive~, and s~ch appointment shail be made by such Court as an admitted equity antl a matter of absolu~e r~ght to said MORTGAGEE, and withou~ reference ro ttie adequacy or inadequacy of the vaiue of the property mortgaged or to the soivency or insolvency o! said MORiGAGOR w the defenda~ts, and t6at such renfs, proiits, irxane, issues and revenues shall be applied by such Receiver acco~ding to the lien a equity of sa;d MORTGl~GEE and the practice of such Ccurf. 8. To duty, promptly and fully pe~form, discharge, execute, rffect, complete, comply w~fh and abide by each ar~d every the stipulations, agreements, ~ :onditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the awnershFp of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ) :'ORTGAGEE, its successors and ass~gns, may, without natice to the MORTGAOR, deal with such successw a successor in ~nterest with reterer~ce to thia _ n,or~gage and the debt hereby secured in the same manner as wifh Mortgagor witFwut in a~y way vit;ating a dixharging the lVlongagors' leability he~r under or upon the debr hereby secvred. No sale of the Fremises hereby mortgaged artd no forbearance on the part of the MORTGAGEE o? its sutcessors or ass~gns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w assigns, ahatl operafe to release, dixharge, modify change or affect the original liabit~ty of the MORTGAGOR herei~, either in whole or in part. 10. It is spec~iicafly ag.eed thar rime is of the essente of this contract and that no waiver of any obligation hereunder or of the obligat'an se- cured hereby shall at any time thereafter be hefd to be a waiver of the terms hereof p of the instrument secured herby. 11. In add:~~o~ to the (orego:nc~ monthly paymentz of princ'pal and interest required by the p+omissory no!e secured hereby, mortgagor tovenants and agrees to pay to mo'tgagee v~ith each monrhly pay~aent an add~rionat sum est~nza~ed by mortgagee to be equal to 1;' 12 of the annual cost of the foUow- ing: A-All real property taxrs levied or assessed against the above described real estate. B-Prerriums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurar~ce as morfgagee sha!! from time to time deem fit to carry on the ban secure~ hereby. Mvrrgagee shail tror» time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayabte on the due date of the next month:y payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a char.ge in such ,.-:ount. Such s~ms sF.ail be applied by mortgagee toward the payment of rea! prope~ty taxes, inwrance .prem:ums, and mortgage guaranty insurance ~ ' p•emiums_ IN Y11TNE55 WHEREOF, the id RTGAGOR has hereunto set his hand and seal ?he day and year iirst afwesaid. S' liver h escnce of: ~ , /isalt.~ ~~GN~ ~ ~Sean G¢ 6 L D2~V ~ S ~sq ' - - ~1 O L~ ~i.r ~Sea~ _ LaFaulda Davis ~ ~~aq STATE OF FIORIDA ~ St. Lucie ; couNn oF ~ Before me perso~ally appeared ~ne L• ~dV 1S ' " s~ ~ ~ ~ LaFae~lda Davis , r f the individuala desuibed in and wFw executed tF~e for a his wife, to me weN~~' (no~wn~end.iopQwr~~o me to be , eg ng inslrume~t, and acknowiedged before me fhat they ,ei`ep~t2d~~~~ awle {6~~`t~e purposes ? ~ rherein expressed_ And the :a~a _ LaFaulda Davis ~ ; ,~~fe of the said ~ne L• DaV~S n ~ ~ a• 1r ~pnd ivate ~ -r---v~ ~ ttP 1~~ P~ ' e,~ amination by me take~ separate and apart from f~er said hvsband, acknowledged to and before me that she exeNtEd. 7 C t~~~~o •{~?e~y and volurr ' ranly and without any compulsion, constraint, apprehe~nsi/on~, Lor~ fear of or from her said husband. „ J i~,-; t - ~ WITNESS my hand and official seal this ~Ld11T11~ day of ~q ~y 72 ~ ' s Notary Public in and for the ~ o +or~d~ t;large ' My Commiuion expires: • , Retum To: , ` F~rst Federof Sa~ings 3~oan Assouat~on NOTARY PUBLIC, STATE of f10RIDA et tARGE ~ Of fort P;erce. ~ 11Y COMMISSION EXPIRES SEPT. 25, 1475 Fort Pierce, Flo~~da Bonded By Amei~can 62fIkEfS IfISYf~llt8 W. ~ t F1LED ANtI RECOR~EO ~ • SL LOCIE COUMtY EIA. t, ; This Instrument Prepared By: J. H. Robeits~ JY. ROCER POITRAS F+rst Federal Savings & loan Association CLERK C1RCUtT COURT k of Fort Pierce~ Florida 33450 RECORD yERtf1E0~..~~. ' ~ Checked By ~ ~~'1 2 s9 eM ~~Z ~ ~ . ~ o R 2338~1.0 E ao~204 ~1409 ; ; . ; ~ L ~ - - - - .ti ~ ~X ~ ~ ~ _ L~~~~;~-~ - ~ ~ ~ ` ~ _ , " . . . 4