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Home My WebLink About2506 3. To place and continuously keep on the bui:dings ~ow w h.:reaiter ~~tuate on sa~d land and on ali cqu~pment and personally covered by ~his ma _ege, wl~h a!1 premi~ms ~hr.eon pad in (ull, (ire insurance m ~he usual srandard potlcy fa~m, in a sum approved by ~he MORiGAGEE, ar~d wmd~~o ;nsurance in the us~al s~andard pot~ty form, in a sum approvad by !he MORTGAGEE, in suth company or cornpan~es as the MORTGAGEE m d~rect; and all ti~e and w~ndstorm insurance policies on any of said build~~gs, any in~erest ihe~ein or part thereal, in the agg.egare su~n ataesaid ~n excess rArreof, shall contain rhe us~al stand~rd moi~gagee dause w such o~her dause as Ihe Mo~tgagee may requ~re, making ~he toss unJe~ sa~d po ras, each and every, pay~ble ro said MORTGAGEE as its in~zresl may ~ppea~, and each and every such peiicy shail be promptly ass gned and dei~varrd ~ any held liy sa~d MOR(GAGEE as fu~ther security to 3aid mortgage debt, and, npf lesf lhan ten (10) days in aJoance ol the eapiralion of eath potiCy, to d~ I~vrr to sa~d A10RTGAGEE a renewal thereoF, toge~her wi~h a rece~pt for ~he premium oi such reoewal; and ~here shall be no f~~e o~ windsto~m irsuranc placed on any o( said buitd~ngs, any interesl tharein or part thereof, un(ess in the (orm and with tlie toss payable as afatsaed; and in the event any sun of money becomes payable undc~ such polity or poGcies said MORTGAGEE shall hava ~he optbn to receive and appty the same on account oi the indrbted r.~•ss setured h.:reby or to permit said MORiGAGORS to reteive and use it o: any part thereof to~ o:i~cr pur}~cscs, v~nho~t th~•~u~ wai+i.~j er nrcpa~~ ~~9 any equ~ty, lien or right under or by virtue of rhis mo: •qage; a»d in the evenf sa~d MORIGAGORS shall :or a~y reason fai) to keep the sa~d premises so i ~nsured, or (ail to del~ver promplly any ol said policies of insurante to aaid MORTGAGEE, or fail promptly lo pay fully any premwm thc~elor or in any i resp..tit tait to perform, d~scharae, execu~e, effect, comptete, comply wirh and ab~de by thts covenant, w any part hrreof, sa~d M.GRTGAGEE may place a~.tl ~ pey for s~ch insurance o~ any part thereof w~thout waivirg w aifeding any optio~, lien, equity, or ?ight unde~ o~ by vi~tue of this Mor~gage, and the ~ f~ll an,ount of each and e.~ery such paymeM shall be immediately due and payable and shall brar interes~ from the date thereof unrit p~id at the ~ate ol ~~~~~e pe~ cantum pe~ annu:n a~ to~rthrr ~,vith such interrsr shali be secured by 1he lien of this mortgage. 1, to permit, commil q sufier no wasle, impairment or deterio~ation of said property w any part therc~of. 5. To pay all and singulat the cost;, charges and expenses, iqclu@ing a reasonable attarney i fee and costs of abstracts of tltle, incur?ed or paid at ume by sa~d MORTGAG'E, because or in the event of the fallure w? the pan of ~he said MORTGAGOR to duiy, p.omptly and fuUy perfo~m, d~unarge. ~~ecute, effect, co/nplete, comply wdh and ab:dr by each and every the stipulat~ons, agreements, coodit~ons, and covenants o( sairl promixso~y note and ~his „~rrgagc any or e~fher, and sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether or not there be notice de r.:,~nd, atte~npt to co!lect or suit pe~ding; and the futl a~nount of each and every such payment sha~l bea. interest from the date thereof until paid at the r.*..• oj r,ine per cantum prr a+inurn; and all said tosts, charges and expenses incurred or paid, togrther w~th such interest, fhall be secured by the Gee of thi~ mortgage. 6. That (a? in the event of any breach of thia Mortgage or default on tl~e part af the MORTGAGOR, or ib) in flx event any of saPd svms of money he.ri~z refe~red to be not pianpdy and fuliy paid within thirty (30) days next after the same seve~atty Eiecome due and payab!e, without demand or r.otice. or (c) in thr event each a~d every Ihe stipulations, agrerments, conditions and covenants of sa~d promissory ~ote and th~s mortgage any or tither are nol iuty, pranptly and f~lty pe.Formed, d~scha+ged, e,cecuted, effeued, completed, comptied w~th a~d abided 5y, then in either w any such event ~he said ag ~~egate sum mentioned in said promissory note then reo~aining onpa~d, with interest aaiued, and a!1 moneys secured hereby, shall become due a~d pay- a5 e forthwith, or thereaftes, at tht option of said MORTGAGEE, as fufly and compterely as i( all of the said sums of money were onginally stipu:ated ; ro be pa;d on wch d~y, anyt6ing in sa:d promisswy note or in this Mort a e to the comrar no~withstandi~ i g g y ~g; and thereupon or thereafter at the opuon of s~ ci MORTGAGEE, w~~hout not~ce w demand, suit at :aw w in equity, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby ; n~d rnatured pnor fo ds institution. 7. lhat in ~he event rhat at the beginning of or at any time pending any su~t upon this Mortgage, w to faeclose it, or to re~orm it, or to enforce ~.iyment of any claims he{eu~xler, said MORTGAGEE shall apply to the Court having junsd~c~ion thereof for the appointmeN of a Receiver, such Court shail rc~chwith appoi~t a receiver o( said mortgaged p~op~rfy all and aingular, indud.ng all and singular ~he intome, profits, issues and reve~ves from whatever s_ ~:~ce derived, each and every of wh~ch, it being expressly unders~ood, is hereby mortgaged as if spec~fically set fo~th a~d deuribed i~ the 9ranting and .:::end~m dauses hereof, and such Receiver sha~I have all the broad and effective tunct.ons and povvers +n anyw+se ent~usted by a Cou~t to a Receiver, and s. :h appointment sha11 be made by such Court as an admitted equity and a matter of absolv:e r~ght to said MORTGAGEE, a~d withoul reference to the R 1_,~uacy or inadequacy of the value of the property mortgaged or to the so:vency o~ insotvency oi sa~d MORiGAGOR or Ihe defendants, and that s~ch rs, prof~ts, incane, issues and revenues shall be applied by such Receiver accord~ng to the lien w equity of said MORTGAGEE aod the practice of such CJUrt. 8. To duty, promptiy and fully perform, d~scha.ge, execute, effec~, complete, comply w~th and ab~de by each and every the stipufations, agreeme~ts, c::~d(t~ons and covenants ~n u~d promissory note and this mortgage set torth. 9. Thar in the event the ownership of the mo~rgaged premises, or any part thereof, becomes vested in a peiwn other than the MORTGAGOR, the .'~RTGAGEE, its s~ccessors and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interes~ with reference to this ^~•+gage and the d~•bt he~e6y secured in the same manner as with Mortgagor w~thout in any way vetiatirrg or d~scha,ging the hM1a:tgagors' liability F?ere- f ~,:~-.d~r or upon the debt hcreby secured. No sale oi the premises herehy mortgaged and no forbearance on the part of the ~?dORiGAGEE or its sutcessors + o~ ass~gns and no entens~on of the t+me ior the payment of the debt hereby secured given by the IV~ORTGAGEE or its successws o? assigns, a~~atl operate ; ro re±ease, d~scharge, modify change o~ affect the orig;na! IiabiGty of ~he AM1ORTGAGOR herein, either in whole or in part. 10. It ;s spec:fcaqy agreed ~hat t~me is of the essence of this cororact and that no waiver of any obltgaYon hereunder or of the obligaYwn se- cuced hereby shati at any tirhe thereafter be held to be a waivrr of the terms hereof or of the instrumeM secured herby. l l. In a;i~.ilo~ to the forego'nq m~mh!y paym_MS of princ pal and intereu requ~red by the promtssory no!e secured hereby, mortgagor covenants ~:i agr•~es to pay io mortgagee ,n,;th each monthiy pay~~~ent an add~~ionai sum estin:ared by mortgagee to be eq~al to 1 j 12 of the anouat cost of the follow- A-All real propcrty taxrs lev~e~ o. assessed agai~st~thc above described real esiate. B-Pren:~ums on !ve and v.indstorm insurar.ce as fierein requ;rM1 ~a be carried on the improveme~ts s~ruate on the above desu;bed premises. C-Prerniums on such mwtgaga guaranty ir.surance as mortgagee shall from tme to time deem fit to carry on the loan secured hereby. Mortg~gee s~a'.I frcm fime to t~me nor~fy mongagor ~n writing of the amount dve and payable hereundar and such surn shall thereupon be due and :.:ble on tha uue dare of the next month!y payment and each successive month thereafter uotit mortgagee shaff notify mortgagor of a change irt such ~ :;Uti}. SLCI1 svms 5}13.I bB appl;ed by mortgagee toward the payment of real propersy taxes, insurance prem:ums, a~xl mortgage guaranty insurance ^~.iums. IN \YIT~~ESS ':~HEREOF, the said MORTGAGOR has hereunto set his hand a~d seal the day and year f7rst aforesaid. Signed, Sealed and detivered in the psesente of: / - Francis E. Webst r indiv Zy ~ ~ and as auardian of the ~ro~ty 3 - _ nf _Pa~ty_ C. Wpbster+ Incoq~tent ~ SiA7E OF FIORlDA 1 ' $t. I,LiCle ~ SS. ' ~UCJTY OF _ i Before ~.~„aa„ appeared Franeis E. Webster~ individually and as c~uardian of the ~I pr0~0rty Of Pattv C• Webster, incompetent ~y~~ to me well known and kno~rn to me to be j individusl~ described in and who executed the foregoing instrument, and acknowiedged before me that ~he~l exetuted the same for the purposes rherein expressed. /~pd~y~ai~ a~LtrOiiFWiiid ~o~s,se~a~{ie~lp~iVi1~ , ~+~rnioasiao~y.swQ.takwr~.w'a+a~e.wJ.+M.?.irs,w~r~wd*wbew~~eekwowilmdesedyv-arKi~befert~+~e~Mte?-~hrl~eece~edl~lt~'iRll~re~ky~Et~nd`Va~i~. :+'a.y.ar~d.rritber~iany.c~q~4i~+i?~owslr~iMr~p~whewsid?,~o?~feer~d~o?~4isnr~x+~sai~FRnbsnd. - . \YIiNESS my hand and official seal this- 28tt1 day .Jul r ' h: p, ~q .7z_~ . .st' V. " 3 . ~ _ 1 Notary Pubiic in and for the a 6~ jd~t ye ~ My Commission eap;res:~:n "..Y I'!i' ,.~:.VE of'(~[ 'fl~A aG1~;f` Retum To: ' ~ ;,f~ rn;.~e~.:, . • r t'~?i~.A~F-'h~~23uT~ Fi~st Federal Savings 8 Loan Association ~c~.,~a ::,u ~ Of fort P.c~:ce. - r~~?'~~~~~rwry{~s- ~ Fort Pier:e, floti~a ;~34615 - . °`,-i9 £ k ~ 7S ' This Instrument Prepared By J. H. Roberts F~~ED ~aU Rtco~DEO ~ First Federal Savings 8~ Loan Association st•~UC~~ ~i~UMTY FLA. • of Fort Pierce Florida ROCEp :"v+TRAS ~ ~~j ~ CLE¢K C:~.Ct11~ COURT Rfr,o~n vEf ~FtEa---- ; Checked By ' p~ 3 1 os PH'7~ ' F 3 BG~~ ?~6i ,.~r~ ~tk ~ v> _ . ~~.,,.t.~;.r;;,,~~'`y ~