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Home My WebLink About0712 3. To p'acr and conrinuousiy keep on tha bui'd~nqs now or hereafter s~tuate on sa~d land and on aC equipmeM and personatly covered by this mor age, w:fh ail pren:iums thereon pa~d irt fufl, fire insuranca in tha ~wal sror.dard poi~cy form, in a sum aFprored by the• h10R~GAGEE, and w~~dsto ~~wrance in ~ho usual s~anda~d po!.q form, in a wm approved by the MORTGAGEE, in such co~npany or compan~es as the A10RTGAGEE m d~recr, a~d all fire and w~ndsto~m insurance po~~c:as on any ol sa~d bu~~d~ngs, any inlerest therein or ~a~1 thereof, in Ihe aggrega~e su~n aforesaid in excess the~eof, st~a11 :onrain the usual sta~idard mortgagee clause or such othc+ dause as the Mo~tgaqee may req~~re, maAinB the Icas under so~d po c~es, each and every, payab!e io said A10RTGAGEE as ~t: interest may appea~, and each and eve~y iuch pa!~cy sha11 be p~omptly ass g~~ed and deGvered + any held by sa~d 1.tiOR!GAGEE as iwrher s:curity to sa~J n:ortgage debt, and, not less than ten (10) days in ad~ance of the expuation of each policy, to d~ t~ver 1o sa~d h10RiGAGEE a renewal thereof, together with a rece~pt for tha premi~m oi such renrwal; and there sh~11 be no f~re or windstorm insurant placed on any of sald 'ouild~ngs, any interest there~n or pan thereof, unless in the form a~xl with the losa payable as aforesaid; and in ths evenl any sun of money becomea payabte under wch policy or poliues said h10RTGAGEE shall have the opt~on to recaive aud app!y the same on accounl of the indeb~ad ~~ass secured hereby or to per+nit sa~d MORTGAGORS to receive and use it p any part ~he:~vi for o:nrr HurF~osrs, v.~~ho~t ~h.r. o~ ~.a~~~ ~r +~i,puu ~ng any equ~ty, l;en or r~ght under or by virtue of this mo:'gage; and in Ihe eve~t sa~d MORTGAGORS shall iw any reason fail to keep the said premisrs so ;nsvred, o~ fail to de'~ver pro,npNy any of said po~~cies of insurance to safd MORTGAGEE, w fail p:omptly to pay (uEly any premwm therefw or in a~y respeu faii to perfo~m, d~scharge, execute, effecl, comp~etz, comply with and abide by ?his covenant, or any part hareof, said MORTvAGEE may p~ace a~~tl pay {or such inaur.~nce o~ any part thereof without waiving w aiFecting aoy opt~on, lien, equ~~y, or righ~ u~de~ or by virwe of Th~s Mor~gaqe, and the i~!{ amount of each and e~ery such paymenl shall be immediately due and payable and shall brar ioterest (rom the date thereof uNil paid at the rate o1 ~~~ne per cenrum per annu:n anJ to~ether with such interest shaii be sxured by the lien oi this mwtga9e. 4. 7o permit, commit or suffer no waste, impairment w deterioration of said property w any part thereof. S. To pay all and singuia~ Ihe costs, charges and expenses, including a reasonable attuney's fee and costs of abstracts of title, incorred or paid at any tin.e by sa~d MORTGAGfE, becavse o~ in ~he evero of the fa;lure on ~he pa~~ of the said MORTGAGOR to duly, prompNy and fuUy pe.iwm, d~scharge. ~,.cc~fe, eifeu, comp~e~e, comply weh and ab:de by each and every the stipula~~ons, agreemenis, condinons, and covenaros of said promissory note and ih~s ~:ortgage any o~ e~~he~, and sa:d costs, charges and expenses, each and every, shall be immed~ately due and payable; whether w not there be notice dr ~,,,nd, attempt to co~iect or suit pend~ng; and the full amouM of each and every such paymem shall bear interest from the date thereof untit paid at the o~ n~ne ue~ c~-n:u~e~ ~•cr annu~n; anc' ait said custs, charges and e:~nses incurred or paid, togather w,th such interest, shall be secured by the lien o( th~~ mo: fgage. b. That (a) in the event af any breach of this Mortgage or de?au~1 on 1he parl of the MORTGAGOR, or (b) in the event any of sa:d sums of money h~~rein referred ro be r.ot pro~nptly and fully paid ~vir{:in lhuty (30) days ne,a aiter the same severalty become due and payable, wilhout demand or nobce, cr ~,c) in thr event each and every the stipulanons, agreements, cond~tions and covenants of sa,d promisw~y note and th~s mo~tgage any o~ either are no1 j„~~~y, p~omptly and I~!fy performed, d.scharged, ezecuted, eitected, completed, compGed with and abided 5y, then in e~ther or any such event the aa~d ag ~r•_gate sum ment~o~~rd in said promissory note then re~reaining unpa~d, wirh intere,t accrued, and all mo~eys secured hereby, shall become due and pay- a forthw~~h, or thereafter, at ihe option oi said MORiGAGEE, as fu~ly and completety as iS aIl of thr sa:d sums of money were org~oa~ly stipu~ated re be pa:d on such dcy, anything in sa.d prom;sswy note or in this Mortga~e to the contrary nOtwiihstandu~g; and Ihereupon or lhereafte? al the option of s~.d N,ORTGAGEE, w~~hout na~ce or demand, suit at law or in eqwty, there(ore a thereafter begu~, may be prosecuted as if all moneys sec~red Iwreby r:,.d matured pnor to ds instituhon. 7. That in the event tiiat at the beginn~rg of or at any time pending any suit upo~ this Mortgage, or to fweclose it, or to reform it, or to en(orte ,..mero of any cio~ms he~eunder, said MORTGAGEE shall apply to the Gou~t having jurisd~O:on thereof 1or the appo~ntment of a Rece~ver, such Court shall ~iwr~th a~~point a rece:ver of said mortgaged ptoperty all and singular, intlud•ng a11 and singular the intome, p~ohts, issues and revenves from whatever s_-ce der~ved, each and every of whch, it being eapressly understood, is hereby mortgaged ds if apec~fically sei forth and dewibed in the granting and e~~dum c~a~ses hereof, and such Receiver shaU have all the broad and effective funct:ons and powers in anywise emrusted by a Cow~ to a Receiver, and n ap}:oin!ment shail be made by such Cou~t as an admifted eq~ity and a ma~ter of absolute r~ght to said MORTGAGEE, and witfiout reference to the _:~qv~cy or inadeqvacy of the vatue of the properry mortgaged or to the so~vency or insoivency ol sa~d MORTGAGOR w the defendants, and that such +s, profirs, inco.ne, issues and revenues shail be appfied by svch Receiver according lo the lien or equity of said MORiGAGEE and the prectice of such Court. 8. To duty, promptly and fvlly perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulatio~s, agreements, .ditions and cove~ants in sa~d promissory note and th~s mortgage set forth. i 9, ihat in the e~ent the ownership of the mortganed premises, or any part thereof, 6ecomes vested in a perwn other than the MORTGAGOR, the :'~RTGAGEE, i~s su:cessors and assigns, may, withovt notice to the MORTGAOR, deat wnh such successor w wccessw in i~terest with refe~ence to this _.•igage and tne d_o~ hereby secured in the same manner as with Mortgago~ w~thout in any way vit;ating or d~scharging the Nlortgagors' liability her~ ~+,r or uF,on the debt hereby srcured. No sale of the premises hereby mortgaged and no forbearante on the part oi the /AORTGAGEE or its successors ~ ~ss~3ns ar.d no exrenion of the time for the payment of the debt hereby secured given by the MORiGAGEE or its succeasors or auigns, a~~all operate re~ease, d:scharge, modify change or affect the orig~nal liabiliry of the AhORTGAGOR herein, either in whole or in part. 10. ft ~s s;.ec:Eically agreed that time is of the essence of this contraU and that no waiver of any obligat~on hereunder or of the obligation sN c. -ed here6y sha:+ at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. - 11. In .;dJ t:c~ to the forego ~ig month!y payments of princ pai and interest requ~red by the p~om ssory no!e secured hereby, mortgagor eovenants r~ agrees to pdy to ~rc~tyagee v~~th each monih'ry payinent an add~:ional sum est~mased by mortgjgee to be equal to 1; 12 of the annual cost of the fo!low- A-Ah rEal property taxes le•~~e~ or assessc•d against the above desc.~5ed real estate. 6 Fr~~::, ns on fire and w~ndsrorm insurarce as here~n requ~red to be carried en ~he ~m~roveme~ts s~tuate on the above described premisez. i C-Pre~+~iur s o~ such mortg,ge guar3nty icsurar,ce as mortgagee shall frcm t:me ~o time deem fit ro carry on the loan secured hereby_ j :~.ortgagce sh.;'I '~cm t~:ne to time notify mortgagor ~n wr~tfng of the amount due and payabte hereundar and such sum shall thereupon be due and ~ h!e on rhe cl~e cate oi rhe nexr month?~ payment and each successive moMh thereahar until mwtgagee shall notify mongagor of a change in suth ~ ~nt. S~ch sums sh~.i be aF:f~i;ed by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance :•m~ums. fN \'~ITP~fSS :•:HER`cOF, the sa~d MORTGAGOR has hereunto set his hand and seai the day and year first aforesaid. S:gned, Sealed nd delivered in the presence of: Q)'i' W. ' rald C1 Witnes~- ^ Audre laxton , _ _ ..~e ~n~Q'r~ v ~ ~ -Bde~Qi OF ~ u_ ~JU'JTY OF ~ ~ Before ne personally appeared Gelald C12?Xt011 snd _ _ At1CIIe.J~ CIaXt011 his wife, to me well 4~own and known to me to be • individuais described in and wbo executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ~~ein expressed. And the :a~a_ Audrey Claxton `e of the :d:a _ Gerald Claxton , upon a separate and private ~..,-n:nat~on by n,e taaen separate and apart from her sa~d husband, acknowledged to and before me that she executed said instrument freely and volun- ~ i and w~thout any compulsion, constraiM, apprehension a fear of or from her 'd hasband. ~ WITNE55 my hand and officiat sea! this ~ r~ day of k y'f A- J. 1 ~ F1LE0 AND AE~ R ` Notary Pubtic in and for ~irN~ of F~t la~ge ~ ST. lUC1E COUMTY f~A. My Comm~ssion ex ~re« er, P ~ro'v, r v~-~, J ROCEr ~J{TRAS 4 Return To: ` dJ Pf y~ pf ~ CLERK C~~,CUIT COURT ~ ~ F~rst Federal Savings 3 loan Associat:on e r '~.y4 4, G.,RC'?'E~'•'~EC_.`~;~. ~ , o+ f~,,, P~:~_. Forr P~r:ca. ilcr~d3 A'~'C lo AfIH ii 2 548~3 r This Instrumeni Prepared By J. H. Roberts ~ Jr . ~ ~ First Federal Savings & Loan Association ` of Fort Pierce , Florida Checked By ~ ~t~ ' 0 R 2O5 GE ~.1.~ ~ g00K PA ~ ls ` ~u _ _ . _