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Home My WebLink About1694 i 3. To ate and cont~nuousl lee on tF:e b~~id~n s now o~ hrreafter ~ituate on said land and on ali c ui meM and rsonall tover b Ihis mor ~ P` Y P 9 9 P Pe Y ~ Y ~ age, w~th all pren~iu~ns thvreon pa.d ~n lu:l, fire insurancc in ~he ~sual s~andard po~ity form, in a sum aFproved by 1ha MORiGAGEE. and windsto nsurance in thz usual sTa~}dard pot.cy fonn, in a sum app~oved by the MORTGAG.`E, in suth company or tomya~ies as thQ MORTGAGEE m ~ d~rea; and aN lira a~:d w~adsiorm i~zsuranca po~ic~rs o~ a~y of sa~d build~ngs, any interest therein or part the~tof, in Ihe aggregate sum aforesaid ~ in excess ~h~•reo(, sha:l conrain ~he usu~i Standutl mortgageg clause or such o~her dause as Ihe Morlgagee may reqv~re, making fhr foss undr ss~d po ~ c~es, each and eve~y, pa,ra~!e ro sa:d A~JRTGAGfE as ~?s iroerest may appear, and each a~d every such po.~c/ shall be promptly aas yned a~d delivared ~ any hald by satd t50RfGAGEE as furthe~ securiry to sa~d mongage debt, and, not less than ten (10) days in advance of the expiration of each poltty, to d. t:ver to sa~d A10RTGAGEE a renewat thereof, togethtr with a rece~pf For the premium of svch reneyval; and there shall be no f~~e or windstoi+n insuranc p!aced on any of sa,d b~i!d~~~gs, any interest 1he+e~n or part thereof, u~!ess in the form and with Ihe loss payabte as aforesaid; and in the event any sun of money becomes payable ~nder sLCh poticy or pol~cies said MORTGAGEE shall have the opt~o~ to receive and apply tha same on accou+v of the iixiebted ness sctured hereby or to perrnit sa~d MORTGAGORS to reteive and ut8 if d any part the:eof tor o:ner pur:~atrs, ~::~hc.:t th_nu~ ~vaivi.~3 cr ~mp~ir ~ng any equ~ty, Ile~ or r~gM under or by v~rtue of this mor:gage; and io the event sa~d MORTGAGORS shatl fw any reasort fail to keep the said prom~srs so nsured, or fail to deliver promptly any of sa~d pof~cies of insurance to sa~d MORiGA:aEE, or f~il p:omp~ly to pay fully any pre~~uum therefor or in a~y respea fail to perform, d:sch;rge, execute, efFect, comptete, co:nply with and abide br this covenant, o~ any part ha~eof, saio MURTGAGEE may piace and pa; to~ s~ch insur~nce or any part thereof w~thout waiving or affecting any opGon, tien, equ~ty, or right under or by v+nue oF this Mwtgage, and ~he t~~! ar~~ount o( each and every svch paymem shall be immediate!y due and payable and shall bear interest from tha data thercoF until paid at the rate oi •~~~~.e per centum per annum and to3rfher v,ith such interest ~haG be srcured by the lien of this mortgage. A. To permit, commit w suffer no waste, impairment w deterioration o( said property w any pa~t thereof. 5. To pay all and singular the costs, charges and expenses, intiuding a reasonable attorney i feo and cosls o! abstracts of title, incur~ed or paid at ~~y t;,.:e by said htORIGAG`.E, because w in the ev~ret of the failure on the pa~t of the said MORiGAGOR to duly, promptly and fully perio~m, d~xharge, ~•>-cute, effect, cornplete, comply w~th and ab:de by each and every the stipu~auens, agreemems, cond~tion~, and covenants o{ uid prom~ssory note and th;s ,,orrgage any or eiiher, and sa:d costs, charges and expenses, each and every, shall be immediately due and payabfe; whe~her w not there be not~ce de attempt to co:lect ar suit pend~ng; and the full amount of each and e~ery such payment shall bear interest from the date thereof until paid at the o~ n~„e car cc•nwm ~r a~~nu:n; and ali sald costs, charges and exper~ses incurred or paid, together avah such interest, sball be secured by the lien of thi~ mortgage. 6. That (a1 in the event of any breach of this Mortgage or defautt o~ the part of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promptly and lully paid wirhin thirty (30) days next aiter the same severatly becortie due artd payable, without demand or noiice, ~r in fhe event each and every Ihe sti}wtations, agreements, tonditions and covenants of sa.d promissory note and th~s moitgage any w tither are ~ot i~~;y, prompNy and fully performed, d~xharg•~d, exewted, effected, comp;eted, compl~ed wieh and ab~ded 5y, then in e~ther w any svch event the u~d ag ~•r~ate sum menrioned in said promissory note then remai+eing unpaid, with inrerest accrued, and all moneys secured herrby, shall become due and pay~ e:,.~~ forthw~th, or therea4ter, at the option of sa~d MORTGAGEE, as fully and completely as ii all of the said sums oi mo~ey were originally stiputated - b~ pa:d on wch dey, anything in sa;d prom~ssory note or in this Mwtgage to the contrary norwithstand+ng; ar+d ~hereupon or fhereafte~ at the opt~on of z> d MORTGAGEE, wirhout nonce o~ demand, suit at law or in equity, therefwe or therea(ter beguo, may be prosecuted as if all moneys secured hereby r d maTUrcd pr~Or t0 i13 instituiion. ~ That in the event !hat at the beginning of w at any time pending any suit upon this Mwtgage, or to fweclose ir, or to reform it, a to enforce ? ~~~ment of any cia,ms herrunder, said MORTGAGEE shatl apply to the Coun having jurisdlc~ion thereof for the appointment of a Reteiver, such Court shail ~c: thwith appe~nt a receiver of said mortgaged property all and singula?, i~clud~ng all and singular the irtcome, profits, issues and revenves from whatever s-u~ce derived, cach and every ef whEch, it being expressly undersroor~, is Mseby mortgaged as if speulical:y set fonh and desuibed in the graroing and •,`xndum dauses hcreof, and such Receiver shall have all the b.oad and effec!ive i~nct.ons and powers in a~ywise eMrusted by a Cou~t to a Reteiver, and j s;t; appoin!menr shalt be made by such Court as an ad~nitted equity and a ma~rer of absotute r~ght ro sa~d MORFGAGEE, arrd wi~hout reference fo the ~ r.:_quacy or inadrqvacy of the value oi the properry mortgaged or to the so~vency or inso!vency of said MORTGAGCR or 1he defendants, and that such j r.~ ~rs, profi:s, inco,ne, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the praUice oi such Co~rt. 8. To duly, prompr:y and fully pe.form, discharge, e~cecute, effect, complete, comply w~th and abide by each and every the stipulations, agreemenes, .onditions and covcnanrs ~n sa~d promisswy note ant! 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 :'ORTGAGEE, i+s succrss~rs ard assigns, may, without ootite fo the MORTGAOR, deal with such suctessw w successw in imerest with referente to this • o~~gage ard the deot hereby secured in the same manner as with Mortgagor withvut i~ any way vitiating w dixharging the Mo?tgagors' liability he?r .•J~-r or upon the deb+ hereby secured. No sa!e of the premEses hereby mortgaged and no Forbearance on the pa,t of the !AOR)GAGEE w ifs successon c• ass~gns and no exrens~on of the time for the paymzm of the debt hereby secured given by the MORTGAGEE or its successws w auigns, a+~all ope~ate ~o re~ease, d~scharge, mod~fy change w affect the original liabit~ty of the MORTGAGOR herein, either in whole or in part. 10. It is sp~cficaily agreed that time is of the essence of this contract and that no waive? oi any obtigation hereunder or of the obligation st f .~-~~d hereby sha1~ a~ an~ time thareafter be held to be a waiver of the terms hereo( or of the instrument secured herby. ~ ~ 11. !n a:id.r:o~ to the foregc'~:g month~y paym=nu of princ ,~at and interest ~equ~red by the p:o~n:ssory no!e secured hereby, morlga~ar covenants ~ + J ag.-_es to pay to mcrtgagee w,;ih each monthfy pay~.ler.t an ado~:ional sum estimated by mortgagee to be equal to 1: 12 of the annual cost of the follow- . A-Ai! real p~op~rty taxes levied or assessed against the a6ove described real estate. B-Fran:~u,s~s on fire and windstorm inswar,ce as herein ~equ~red to be carried on the improveme~ts s~tuate on the above described premisez. C-Pre~niu~T,s on such morr~age guaranty ir.sura.~ce as mortgagee shafl from. t:me to tirne deem fit to carry on the loan secured hereby. Mortgagee shatl from time to time notify mortgagor in wrinng of the amounr due and payable hereundrr and such sum shall thereupon be due and .._,bie on rh~ d~e date of rh> next moroh:y payment and each wccessive month thereaft~r urdil mortgagee shall notify mortgagor of a chaoge in such Such su~r,s s~:a:i he app'ird by mortgagee toward the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance , ~-:n;ums. IN ~'11TNES5 ':.~H:REOF, the sa~d MORTGAGOR has hereumo set his hand and seal the day and yea rst aforzsaid. S~gned, Sealed azd delivered in iht presence of: ~ al) L o d a lor ~~,n i - - (Sea~) ' - i de F. Ta lOr ~ai~ I _ ~:,7E OP fLORIDA ~ ' COUNTY OF _ $t. Lucie ~ I Before me personally appeared I!lp d TS ZOY I y -y-- and i ~_IOt 11 C~@ F. Tavlor his wife, ro me well koown and known to me to be rr,~ ;nd~vid~ats described in and wtw executed tF?e fwegang instrument, and scknowledged befwe me thaf they executed the same fw the purposes rFerein expressed. And the :a~d_ Clotilde F. Taylor r:~{e of the sa7a Lloyd Taylor ~po~ a Kparate and private ~•a~n+nat~on by me taken separate and apart from her said husband, atknowledged to and before me that she executed said insvumenl freely:6od voluo- -•~'y ar,d w~~hout any ccmpu;sion, constraint, appreh nsian, or fear of or fr id hushand. ~ L ' ; , W?TNESS my hand and offic;a! sea! this day f J1~ p; ,i~ otary Public in and iw t ate of~F id5~s1 ~ My Commission expires: .~}^?c ; it lARdf Return To: ' .'1^Y . ' Y a~, zJ, z~s first Federal Savings 3 loan Asyociat:on C~. ~ir.~t~^ 1- i . FOf} P.El~.~ 801~~2Q t''J alf•f~3~ ~tN~iiJi176 :.uCa"M~~t~i• fort Pie:ce, florida ~ _ ~ ~ J~" ~y ~s 1 s This Instrument Prepared By : John W. Collins ~~LED AttO RECQ~~-Q ~ w t First Federal Savings & toan Association SZ,~uC1EC0UNT~~M• of Fort Pierce Florida 33450 ap~Ek POITR t ~ a~EaK Ci~GU1T CON~ Checked ey ~5.~~______ 11ECOA0 VER~f1E~ o R t6 ~2 0~ 4N'lt F OOK ~O4 PACf ls~ 2:3~4~26 _ - - ~ ~~'xYr t. , jf - - ~ -