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Home My WebLink About0075 3. io p'acc and cont~nuously keep on ~he bui:d~ngs now or hereafter aituate on sa~d iand and on aC eqvip~nenl and penonaliy coveied by th~s mor egc, w:th all F,rrn~i~:r.s iha~ron pa.d in full, tite insurancc in ~hc ulwt Standord Wol,ty Form, in a Sum aF.proved by 1he M•JR~i,AGEE, and winJs~o ;nsurance in ~hr ~swl atandard }~ot.ty lorm, in a swn appro~ed by ~he h10RTGAGEE, in such to~npany or compan;es as ~he A'ORIGAGEE m d:rrd; and all fire a::d w~nJswrm insurant.: polic~es on any of s~~d buifd~ngs, any intPr~s1 thercin ur part thrreo(, in Ihe aggr~gare sum afo~esa+d ~n excess ~horeof, S~~JII ;onrain rhe usv.:l uaadaid mOirg.+gae ciause or such other cl~use as the Monyagee may ~~y~~re, mal+ng tha ioss unde~ sa~d po c~~~s, each a~~d every, pa~ab'e to said 11pRiGAGEE as ~ts mtcrest may appear, and eath and every suth po~~c~ shall be promptly assgn~d and de~w~rrd ~ ~n~ h~Jd by sa;d AtOR[GAGtE as funher sew~ity to said mort9age dabt, and, not less ~han ten (10) days in ad+~nce ol ~~e exyirahon of each pol:cy, to d. I•ver ~o sa~d ~ti1pRiGAGEE a ren~wel thereof, ~oye~her with a receipt for t6e premium oi such renewal; and ~here sh~il be no f~re or windsto~m insuranc p!aced o~ a~iy of sa~d 'nu~id~ngs, any intcresl therrin or pa~t thrreoF, unless in the (orm and with the Icsa payobte as aforesd~d; and in the eveM any sun of mOney beco~~1cS p~yable undei suth poticy or poLcies said A10RTGAGEE shall have tnr optlon to rev_;ae .,nd apE~ly tiie san~e on account of the indaated nrss arc~.rd her~by Ot to perrn~t said MORTGAGORS f0 rBCeivC and uSO it Ot any part the;eof fp~ o:ii•_ ~ yw~ ~scz. :+~~iicct ~h o; ~v~iv~.i) .;r unp.:ir ing any equ~ty, Gcn or ~igh1 under or by vi~tue of this mo:•gage; and in the event said MORTGaGORS sh311 for any re3son fail to keep the said pre~niscs so ~r,s~recJ, O~ iail to deliver pTOmptly any of said pol~eies of inwrance to said MORTGAGEE, or f~i! promplly to pay iu~ty any prcm~„m thercfor o~ in a~y r•~speU iail to perEorm, d~suia~ge, eaec~te, effeU, tompleta, co~nply wieh and ab~de by th~s covenant, or any part hcreof, sa~d MGRIGAGEE may p~ace a~a p.;,~ for such insurance o~ any parf lhereof wiihout waiving or alfecting any option, lien, equity, or ri~ht under or by vi~tue of this hlortgage, and thc i~ll a~nount of each and e~ery wch payment shall be immed~ately due and payable and shall brar interast GORI the date thereof uniil p~id at the rate ot '~.~:e prr c.rnc~m p~t ann~m ~nd to~rth~r v~dth wc1~ interest shalY be secwed by the lien o( /his mortgage. 4. io permit, commit or suffer no waste, impairment o~ deterioration of said property w any part thereof. 5. To pay atl and singular the costs, charges and expenses, ~ncluding a reasonable atforney's fee and costs of abstracts of title, incurred or paid af t~~•:e by said MORTGAG'_E, 6ecause or in the evem of the Ja~lure on the part of ~he said MURTGAGOR to d~ly, pra.nptiy and f~iiy perform, d~scnarge. .~c~re, etfecr, compie~e, wnply w-th and ab:de by each and every ~he si~pulauons, egrecmants, cond~~~ons, and covenanrs of said pro~~~issory note and ih~s ~:o~~gage any or e;ther, and sa:d costs, charges and expenses, each and every, shall be imm~diately dua and payab~e; whether or not there be norice ds r.~~~d, J1fG~npt to colieU or suit pend~ng; and the full amount of each and e~ery such payment shaN bea~ inrera:t From fhe date thereo4 until paid at the o' ~,~:~r ucr ccr.;um Ner an~~u:n; :,nd atl Sdi(~ CG51S, CFldrg@S a:~d expanses incurred o~ paid, together ~v~ih such interest, shall be secured by the lieo of this mp!t9d90. 6. That (a) in the event of any breach of this Mortgage or defautl ort t6~ part of the f1pRTGAGOR, or (b) in the event any of sa:d sums of money F.~re;n ~eferrrd to kx not pron,ptly and futly pa~d within th~rty (30) days nex~ afrer the same severatty become due and payable, w~thou~ demand or ~otitc, tc) ~n t!~r event each and every the stipu:ations, agreements, condit~ons and covenants of sa.d prom;ssory note and th~s mortgage any or ei~her a~e not iu(y, promptty and fuily performcd, discharged, executed, eifected, comptered, compfied with and abi~~d Sy, then in e+ther w any such event the said ag ~•egate su~n mentio:zed in s3id promissory note then remaining unpaid, with interest aarued, and a~l moneys secured hereby, shall become due and pay e fo~ihw;th, or thereafrrr, at the opr;an oS said AAORTGAGEE, as fuliy and comptetely as if a!1 of rfie sa~d wms of money were onginaUy st~puia!ed be f~.~:d on such dny, an~thing in sa.d pro~n~sswy note or in ih~s Mortgaqe to the contrary notavithstanding; and thereupon or ~hereafter at the opuon of s- d MORTGAGEE, wrthcut ronce or demand, suit at law or in equ~ty, therefore or thereaiter begun, may be prosecuted as if afl moneys secured hereby r. d~~iatumd pr~ur tn ,ts institur~on. 7. Ii:at in the event that a! the beginn~ng of or at any t~~ne pending any auit upon this Mortgage. or to forMlose it, ot to ~eiorm it, or 1o enforce ,::ment of any ~~aims hereunder, said AtORTGAGEE shail apply to the Court having ~unsd.ction thereot for the appomtmem of a Receiver, such Court shait rh.tilrh apfo~nt a rece~~er o( said mortgaged proper?y a~: and sinq~tar, inctud~ng atl a.~d s+ng,,Ia, ~!,e in~ome, prof~is, issues and revenues irom whatever ~;-c~ dar~.ed. eacn and every of wh:ch, it being expressiy understood, is hereby mortgaged as if spec.f~cally set forth aRd described in the granting and ~ e~,dum c a~~ses hrr~of, and such Receiver shall have al1 the broad and effxrive funcnons and po,vers in anywne enrrvsted by a Court to a Recriver, and ,.h ~;;po~nrment sho~i be made by such Court as an admined equily and a mattar of abso~~te right tc+ sa~d MORTGAGEE, a~d without reference to the -~a.:~ri or ;rade ,~acy of the value ol the property mo~tgaged or to tbe so~vency or ~nsoivency o( sa~d h10RTGAGQR or the defendams, and rh;t wch •s: Froi;rs, i~~co,r.e, issues and revenues shaH be app:ied by such Rece+ver azcord„ig to the Gen or rquity of sa~d MORTGAGEE and the pract~ce of such ..ourt, 8. To Ju~y, ~;rortipt;y and fully perform, discha~ge, execute, effect, compiete, comp~y with and abide by each and every the stipulations, agr¢~e~nents, :d~t~o:~s and covenams ~n sa~d promissory note and ~h~s mortgage set forth. 9. That in the ev~~:~t rhe ownersh;p of the morigaged premises, oi any part !h£~eof, becomes vested in a person other than the MORTGAGOR, the :~RiGAGE~, i+s wccessors a~:d assigns, may, wiihout norice to the A10RTGAOR, deai w~th such successor or successor in interest with reference to this ~'~9age ard the d~ut hereby s>c~red in the same manner as with Idortgagor without in any way vit~ating or d~scharging ihe ~dortgagors' liability herC- ,;.-r or uron rhe d~•bf htre'uy secured. No sale of the prenuses hereby mortgaged and no forbearan~e on the part of th~ ?AORiGAGEE or its successors ass;gns ard no exrervon of the hme fo+ the paymenr of the debt h~reby secured g~ven by the N+ORTGAGEE or its wccessors or ass:gns, atiall operate o re•eese, d:scha:ge, rtiod~fy change o~ aflect ihe origlna! liab:l;ty ot the MORIGAGOR here~n, either in whole or in part_ 10. It ;s s~ecf~ca;iy ag•eed rhar time is of the essence of this con:ract and that no waiver of any obfgat~on hereunder or of the obligatio~ se- ~=d hereb~ sha;~ ai an~ t[me thrreaiter be held to be a warver of the terms hereof w of the instr~men~ se;ured her5y. 11. In c:4d t.c:~ ro tF,e fo.e~e ~}g rronth!y pay~nenrs of p~inc pa; and interest requ~red by the p.om ssery nore sec~red hereb~, mortgagor eovenants ~ i agr•.es ro p.iy ro n:c-r3:+y~e v.~r1~ each monrh'.y payr„ent an add,:~ona! s~m est~..ated by mortyagee to be eg~a1 ro 1. 12 oi tSie annual cust of the fellow- A-r,i~ r_at ;:op~rt~ taxas levie,a, or assessed agai•~st thc a6ove dezc•ibed real estate. 6 F~_•. ~ s c~ f~r; and •,y;ndsto•m ~nsurarce as Fere~n req~~red to be carried o~ the ~m~roveme~rs s~t~ate on rh~ above dasc~ibed premises. C Pr_:• s o, svch rco~rg;yn guarar»y ir.sura..ce as mo~tgagee sha;l from s me fo r~r,e deem fit to carry on the loan secured hereby. o~+g.,aee sh f•cr„ !;:n.: to t~u:e not{fy mortgagor in writ~ng af the a~~~ou~! d~e and payable hereundar and such su~~ shail thereupon be due and h~e o~ ;h~ d~~ <....c ci ~he nexi mo:vhiy payment and each successive month thcreaftor u~:til mertgaqee shal! notify mortgagor of a change in such Jnt. S~_h s~ms s` .a i be app'ied by morig3gee toward the paymeM of real property taaes, insurance prem~vms, and mo~tgage guarenty insurance ~~iums. IN .`JITPJ~SS '.>H~REOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, Seated and de~(vered in the presence of: - - - ~Seal) Katie C. Bailey, a wido~r ~~si~ - - - ~ (Seal) - - > (Seal) ' = "•~7. OF FIORIDA ~ 55. S '~U'dTY OF ____$~~~t1C1@ ( Before me personally appeared Katie C. Bd21@yf 2, W1(jOW ~ i - his-Nrife-le +ne ~vr)~ (er+own end-kr+or~++~1o rnr *o-be • ind,vidu~:? descri~ed in and who executed the foregoing instrument, and acknowtedged before me that 3he~ eaecuted the same ior the purposes rcin expr:ssed. Md iiw ~said~.__ fe-d ~~a~d - epel~?~r~s4pK+YR"°~F'~r~rere r.rnewow-by Tx-~ei~er aeparefe-awd epeM ~irein i~er-»id iiesband, ~e{v+awledged e+id ~efvrt ~ne ~hat~ shr. rxtcvtt~d saF~le`3AORR~h~ll'?01~.'an~Jlo4G~?'" ~ ~.v«~. ~,d ~,wr~cw~ wrp -c«wy~~i~ eowrrei~?t- epprehen~ion.-o~ iee~ ei-or ~eem i~er-sai~ Fnnbend. ~ - 9~E Au ust , ~~;.;g~~ c~ , NIIiNESS my hand an~ official seal this_. day of 9 _ ~ p-y9.7Z _ . - ' ~ , - Notary Public in and iar the ate ofi at l ' My Commission expires: ~ Rerurn To: ~ p.c ThRY ~!'9';E• ~'~~[E of ~dR{DA ~t C,44'~£ F6rst Federal Savin s d~ loan Assoeiation .235t?~1 " ` ~ ` ~ '~-1• '~y , 9 hY f . , 5.,.''''"~?t't~i.~ O+ i o't P~ rca eo~ u_0 . . , r:.: t r~. F«-<<~. f~~EO R~~ aECOR~EO ~ ~ ST.IUCI; ~~JkTY flA. NO"vi.= FJ~iR~S ~~~F.~ 4~~iCU1~ ~6URT REC~~DVEn~a1~D - Thi; Instrument Prepared By~ John W, Collins Firsf Federaf Savings 8~ Loan Association a 19 Q~ ~~Z of Fort Pierce ~ Rlor ida 33450 ~~C't Checked By C~"_____~_ ~ ~ 0 ~t , ~ ~BOOK~ ~~ACf ~Y ~ ~ ~ _aca'SV~., ~ a~~c~a~ ~~.ys-. : ~ zs~ . _ _ ~ . ~ ~^r~