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Home My WebLink About1823 . : _ • . 3. To place and conr~nuo~sly krep on the bui!dings no+v or herea(~e~ ~ituate on sa~d land and on all equipment and personally covered by thi~ mor age, w~rh all p~enu~ms rhzreon pa.d in full, lire insurance ~n ihe usual standard pot~q torm, in a sum a~.p~ovcd by the MOR(GAGEE, and winds~o ~~wrancr in ~he usual srandard poLcy form, in a sum spproved by ~he MORTGAGEE, in svcH. compa~y o~ compan~es as the MORiGAGEE R+ d~reu; and all fi~e and w~ndsro~m insurance po~~c;es on any oi said build~ngs, any interes~ therein or parl thereoi, in the ag9~ega~e sum afaesaid in excess lhereof, shalt :ontain the usual standard morfgagee clause or such ofher clauss as 1he Mortgagee may reqwrs, ma?ing 1he losi undar ~s~d po c~es, each and e~ery, payob!e ~o sa~d MORTGAGEE as ~ts interest may appear, a~d each a~d eve~y such po~icy shall be promptly ass gned and de~ivared ~ any held by satd M02TGAGEE as (ur~hrr security to said mortgage debt, and, not less than ten (10I days in advance oi the expirauon of eath pol~ty, ro d. I~ver to sa~d lt~OR~GAGEE a renewal thereof, ~ogether with a receipt for ~he p~emium of such rene,nal; and ihere shall be no f~re o. windstorm insuranc ptaced on any of sa~d build~ngs, any interest there~n a part thereof, ~nless in the form and with the loss payable as atoresaid; and i~ the eve~t any sun of money becoR~es payabte under s~ch policy w policies iaid MORTGAGEE shall have the opt~on to receive and apply the same a+ account of the indeb~ed ~}ess secwed hereby o~ to perm~t sa~d MORTGAGORS ro receive and use it w any pait the:eof ior o+hcr pwposes, ~~.~~hout ~M~.o~ waivi~~g or ~mpair ~ng a~y equ~ty, I~en w r~ght under or by virtue of this mo:'gage; and in ~he event sa~d M0~2TGAGORS shall fa any reason fail to keep the sa~d prem~srs so inavred, or fail to del~ver promptly any of said po~icies of insurante to said MORTGAGEE, o~ fail promptly to pay fu~ly any premium therefor or in a~y respect (ail ro perform, d~3charge, execute, eifect, complete, comply wi~h and abide by this covenant, a any part hrreof, said MORTGAGEE may plsce and pay iw s~ch insurance or any part thereof witFwut waiving w affecting any option, tien, equity, o~ right undcv w by virtue of this Mor~9age, ~nd the f~il a~nount of each and every such payment shall be immediately dve and payable and shall brar interest irom the date thereo( un1i1 paid al the rate ol ~~~ne per cenwm per annum and to~ethar with such interest shal{ be srwred by the lien of this mortgage. 4. io permit, commit or su(fer no waste, impairment a deterio~ation oi said property o~ any part thereof. 5. To pay all and singula. the costs, charges and expenses, includirtg a reasonable attorney's fee and costs of abstracri o( title, incurred w psid at ,~y ti~r.e by said MORTGAGfE, becauu a in the event of ~he failure on the pa~t of the said MORTGAGOR to duly, promptly and fully ~iwm, d~scharge. ex~,cute, effec~, canplete, comply w~th and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants of said promissory note and this ,~~orrgage any or e~the?, and sa~d costs, charges and expenses, each and every, shall be immediatety due and payable; whether or not there be not~ce de n.,nd, attempt to collect or suit pe~d~ng; and the futl artwunt of each and e~ery such payment shall bear interest from the date ihereo4 until paid at the o~ nine per crntum per am~u:n; and all said costs, charges and expenses incurred w pa~d, togettuv w~th such interest, shall be secured by the lien of thi~ mottgage. 6. That (a) in the event of any breach of this 1Nortgage or default on the part of the MORTGAGOR, or (b) in the event any of said ~ums of money herein referred to be not promptly and fully pa]d w~thia thnty {30) days neat afrer the same severatly become dve and payabte, without demand o~ no~ice, or !c) in the event each and every ~fie stipulations, agreements, cond~tions and covenants of sa~d promissory note a~d this rta?tgage any w either are not iufv. promptly and f~Ily performed, d~uharged, executed, eifected, completed, compl~ed with and a6ided Sy, then in either or any such evem ~he sa~d ag ~~egate sum mentioned in said promissory note then rema~ning unpaid, with interest accrued, and all moneys secured hereby, shall betome due and pay- ao.e forthwith, o~ thereafter, at the optio~ of said MORTGAGEE, as fully and completely as if all of the wid sums of money were or~ginalty itipuiated ro 6e pa~d on such day, any~hing in sa:d prem~ssory no?e or in this Mwtgage to ~he contrary notwithsranding; and thereupon or thereafter at the opt~on o( s- d MORTGAGEE, without notice or demand, suit at law a in equity, therefore ot thereaiter begun, may be prosecuted as if sll moneys secured Fxreby n.:d matured pnor ro As institution. 7. That in the event that at the beginn~ng of w at any time pending any suit upon this Mortgage, o~ to fwetlose it, oi to reform it, or to enfo~ce ; a~ment of any c!aims hereunde?, said MORTGAGEE shall apply to the Court having iurisd~ction thereof ior the appointmeM of a Receiver, such Covrt shall r.;-lhwith appoint a receiver of said morfgaged pr~perty all and singular, incli:d~ng all artd singular the income, p~ofits, issues and reveoues irom whatever z: urce derived, each and every of wh~ch, it being expressly understood, is hereby morigaged as if spec~fically set forth and dewibed in the graNiog and ;bendvm causes her_of, and such Receiver shall have all the broad and efiective funct~ons a~d powers in anywise emrusted by a Co~A io a Receiver, and s:n appointme~~t shalt ~e made,by such Court as an admifted equity and a matter of absolute right to said A~ORTGAGEE, and without ~eferente to the a:i,qvacy or iradrq~acy oi the value of the property mwtgaged or ta the so~vency or insolvency ol sa~d MORiGAGOR o~ the defendants, and Ihat such •~,n, prof~ts, inco.ne, issues and revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the pr~ctice of such Court. S_ To duly, prompt!y and fulty perform, discharge, execute, effcct, complete, comply w7th and abide by each and every the stipulations, agreements, condit~uns and covenanrs ~n sa~d promisswy note and this mottgage set fwth. 9. Thst in the event the ownership of the mortgaged premises, or any part thereof, Eecomes vested in a pe~son other than flx MORTGACaOR. 1he '.'~RTGAGEE, its svccesso~S and assigns, may, without notice to the MORTGAOR, deal with such successor or successor in interest with reference to this •,~o•rgage ar.d the debt hereby secured in-the same manner as with Mortgagor w~thout in any way vitiating or discharging the Mortgagors' liability herr ,•~de~ or upon the debt hereby secured. No sate of the premises hereby mort9aged and no forbearance on tF?e part of the MORTGAGEE w its sutcessors o~ assic~ns and no extension ot fhe time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or assigns, stiall operate !o re~eaze, d~scharge, modify change or affect the original liability of the MOR~GAGOR herein, either in whole or in part. 10. It is spec~ficaily ag~eed ~hat time is of the essence of this contract and lhat oo waiver of any obligaGon hereunder or -of the obligatan sr cured hereby shatl at any time thareafter be he!d to be a waiver of the terms hereof w of the instrument setured herby. 11. la add.t:c~ +o the forego ~~9 month!y payments of princ~pal and interest required by the p*om~ssory no!e sec~red hereby, mortgagor covenants ~ agr=es to pay. to neo-tgagee v~ith each monthly payraent an add~~ional sum est~mated by mortgagee fo be equal to 1/ 12 of the annual cost of the follow- i` A-A~I real prop~.ry faxrs levied or assessed against thc above descri~ed real estate. B- Pr~n:~u~ns on f~re and windstorm insurar.ce as herein requ~red to be car~ied on the improveme~ts situate on ihe above dsscribed premises_ C-Pre~niurr•s on such mortgage guaranty insurar,ce as mortgagee shail from t~me to t~ene deem fit to carry on the loan secured hereby. i M.ortgagee sha !'.rom tlme to sime notiiy mort~agor in wrlting of the amouM due and payable hereundrr and such sum shall thereupon be due and ; s, ab!e on the due date oi th~ next month!y payment and each successive month thereaft~r ur.til mortgagee shall notify mortgagor of a change in suth ~ aunr. Such sv:ns sFa;l be app!ic-d by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance • emwms. ~ IN YIITPJESS Y'~HER~OF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. igned, Sea! and del' r in t presence of: Seaq ~ (Seaq ~ s~an aq ~ _ ~ ~ 5:.~1E Of FLORIDA SS. CJ~!JTY OF SC. ~.t1Cle ~ Befwe me personally appeared Llovd Tavlor and ( ~lot ilde r. Tavlor his wi{e, to me well known and icnown to me to bs f' ~r ~ individuais described in and who executed the fwegan~ instrument, and acknowleJged before me that they exetuted the same for the purposes ~h~•ein expressed. And the said_ ClOr l lde F. Taylor r.:{e of the sa:a Llovd T-,ylor vpon a separate and private •_.am~nation by me taken separate and apart from her said husband, atknowledged to and before me that she executed said instrument freely and volun- ~o•+;y and without any compulsion, constraint, apprehension, o~ar of or from her said nd. wITNE55 my hand and offiual seal thi~ [j~~ day of A. D. 19-~_ ~ Notary Public i nd for the ate of Flwida af lar~, My Commisi expires: C~ / 97.~ Retum To: F~nt Federal Sa~ings 3 loan Assodation f~'AT~!RY PUBUC STA7E OF FI nR1OA AT LAR(~E Of Fort P e~ce. I1Y !`^"1*.11SSION EXPIRES ! Ui 6, 1973 Fort P~erce, flcrida - . '.QENERAL INSURAI~ICE UNDERYYRITERS~ 1 ~ _ ~ ~ . ~ ~ : . - : . 236~98 ~ . ~ . C; ~ . ' fILEO AN~ RECORDED This Instrument Prepared By Gar y F. El lwoo~ ST. WCtE COUMTY FIA. First Federal Savings & Loan Association ttOGE~ PJlTRAS of Fort Pierce , Florida r _t;~~ • C~IERK~^:~GUI7 COURT , , ~ • REC i2.. V.n!'3LG~..~-~ Checked By~- I ~ 1~ ~l 21 eH ~~t ~ ~~0~ 1 ~ go~K 205 ~~~E1823 ' _ - - q~v<,. - ~ ~ ~ ~ w _