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Home My WebLink About0231 3. To p~ace and continuously keep on the bui:dings now or he~eaiter ~ituate on said land and un a!t equ~pmenl and pe~sona~ly covered by this mor ege, w~th alt prem~wns thercon pa~d ~n (ull. Gre insuran:a in the usual standa~d po:ity (orm, in a wm aNproved by ~hr h10R~G:.GEE, and w~:idsto mwrante in ~he us~al s+~ndard pt~l:cy (am, in a wm approved by the MORTGAGEE, in suth company or tompan~es as the MORTGAGEE m d~recl; and all fiie and w~ndstorm insurante poliues on any of sa~d build~ngs, any interest therein or parl tharcof, in the aggregare sum aforesaid in excess thrreof, shall contaln the uwal sta~~dard mortgagee c~ause or such other daute as the Mo~tgagee may requ:rq making the iosf unJr~ sa~d po cies, each and every, payabfe to said A10RTGAGEE as ua interesl may appear, and each and e~ery such Ew:~c~ shall be promptly assgned and delivered ~ any heid by said h!OR(GAGff as furthar s_curity ro sa~d mor~gage debt, ar,d, rtot ~ess ~han te~ (101 days in advante of t1~e expi~auoo of each poGCy, to d. I~ver to said h10RiG/1GEE a renewal thereof, toge~her with a rece~pt for the pramium of such re~ewat; and ~here shall be no t~re or winds~o~m insuranc plated on any of said Euildingi, any intcrest there~n or part Ihe~rof, untess in the form and with Ihe loss payable as aforesaid; and in the event any sun oi money becomes payable under such policy or poLcies said MORTGAGEE shall have the ophon ro recc•ive .,nd app!y thr same on accounl of 1he i~idrbted r.ess secwed hereby a to perm~~ said A10RTGAGORS to reeeive and use it w any pa~t fhr:aof tor o:i~~. purF.uses, v,:~i~o~t ~h_+~ o; .v:~~~ ~3 c~ ~'„P~'~ ing any equity, lien or riqh~ under or by virtue of this mo~'yage; and in the event said MORTGAGORS shatl :o: any rcason fail to kcep the said pre~nises so ~nsurrd, or fail to drliver pranptly any of said pol~cies oF iniurance to said MORTGAGEE, or fail p:omptiy to pay fuily any pre~~~w~n therefo~ or in any respect fail ro perform, d~scharge, exec~te, effec?, comptete, comply with and abide by this cove~an4 or any par~ hareoi, said MGRTvAGEE may p~ace and pay (or s~ch insu~.~nce or any pact the~eof without waiving or aifecling any option, Iien, equ~ty, or ri~ht under or by virtue oF this Mortgage, and the f;,Il arno~nt o1 each and every such payment shall be immediatety due and payable and shall bea~ interest from the date thereof until p~id at the rate ol nine pcr t¢nt~m per annum ond to)_thir with suth interest shali be secured by tffe lien of thif mOrtgage_ 4. To permi~, commit a suffer no waste, impairment or deterioration of said property or any pa~t thereof. 5. To pay all and singular the costs, charge~ and expenses, including a reaso~abfe attorney's fee and costs of abstracts of titte, incurred o? paid at any time by said MORTGAGFE, because w in the eveN of the failure on the part of the said MORiGAGOR to duly, promptly and (ully perlorm, d~scharge. execute, effect, complete, comply wuh and ab;de by each and every the stipu~at~ons, agree~nents, tondit~ons, and covenants oi sa~d pro:n~ssory note and this n,orrgage any or e~iher, and sa;d costs, charges and expenses, each and every, ahall be immediately dve and payab:e; whether or not there be nofice d~ r-,and, atternpt to coliect or su~t pe~xling; and the iull anwunt of each and e~ery such paymem shall bear interest from the date thereof until paid at the ~.r oj n~ne per ceno~m ~r an~~~:»; a~w a~l said costs- charges and ex;~nses incurred or paid, togethar wJh such interest, shafl be secured by the lien of this mottgage. 6. That (a) in the event of any breach of this Mortgage or default on the pa~t of the MORTGAGOP„ or (b) in Ihe event any of said sums of money herein reFerred to be not promptly and fully paid within th~rty (30? days neat aiter the same severa::y become due and payable, withouf demand or notice, or (c) in the event each and eve~y the stipufations, agreements, conditions and covenants of sa,d promissory note and th:s morlgage any w either are not iufy, promptly and fully perfonned, d:scharged, exewted, eifected, canpleted, compGed with and abided `~y, then in e~ther w any such eveM the said ag ~regate sum men~ioned in said promissory nore then remaining u~paid, with interest accrued, and atl ~noneys secured hereby, st~all become due and pay- eb:e forthwith, or thereaftrr, at ~he option of said A10RTGAGEE, as fully and completely as ii all of ~!n s~~d sums of money were onginally st~pulated ro be pa.d on such d:.y, a~ything in sa:d prom:ssory note or in this Mortgage to the contrary notwithstanding; and thereupon or Ihereafter al the opuon of s~~d MORTGAGEE, without notite or demand, suit at lav~ or in equity, therefore or thereaiter begun, may bc prosetuted as if all moneys setured hereby n.:d matured pr~or to ds institution. 7. That in the event rhat at tne beginning of or at any time pending any suit upon this Mortgage, or to foreclose it, or to relorm il, or to enforce p.r;ment oF any cleims he~eund.r, said MORTGAGtE shall apply to the Courl having ~vr~sd:u~on thereol for the appo~ntment of a Receiver,.such Cou~t shail i;;,:hwith appo~nt a~eceiver of sa~d mortgay_d property all and singutar, inciud:ng ail and singular the income, profds, iasues and reve~ues Irom whatever s_ ~rce darlveJ. each and eve:y of wh~ch, it being expressly undersrood, is hereby mor~gaged as if spec~ficetly aet lorth and described in the graMing and t,bendum ciauses hereof, and such Receiver shatl have all the b~oad and effect~ve funct,or.s and powers in anyw~se entrusted by a Court fo a Receiver, and s.:h appointment shatl be made by such Court as an admitted equity and a matter of absolure r+ght to said MORTGAGEE, and without reference to the adrqo;cy or inadequacy of the vaiue o( the property mortgaged or to the so;venty or insolvency o1 said MORiGAGOR Or the defendants, and that such . c•~~rs, profits, inco.ne, issues and revenues shaU be applied by such Receiver accordmg to the lien or eq~ity of said MORTGAGEE and the prattite of suth Courf. 8. To duty, prompt!y and iully perform, discharge, execute, effect, complete, compiy with and abide by each and every the stipulations, agreemeMS, .cnditions and covenanrs in sa~d promissory note and this mortgage set iorth. 9. That in the event the ownership of the mortgaged premises, or any part the~eof, becomes vested in a person other than the MORTGAGOR, the :'~RTGAGEE, its successo~s and ass~9ns, may, without norice to the MORTGAOR, deal with such successor or successor ~n interes? with reference to this o•tgage ard the debi hereby secured in the same manner as with Mortgagor w~thout in any way vit;ating w d~scharging the Ihortgagors''liability here~ ~~.der or upon the debt hereby secured. No sale of the prem~ses hereby mortgaged and no forbearance on Ihe part oi the /dORTGAGEE or its successors o. ass~9ns and no exrens~on of the t~me for the paymem of the debt hereby secured given by the MORTGAGEE or 7ts s~ccessws or ass~gns, ahall operate ro re~ease, d~scha:ge, modify change or affect the orig~nal liabii~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec ficatly agreed that time is of the essence of this contract and tAat no viaiver of any obtigat~on hereunder or of the obligation se- cured hereby shaG at any time thereafter be held to be a waiver of the terms hereof or of the instrumeM secured herby. 11. In dJ~.f:G? to ihe forego ng rnonth!y payn,enn of pri~c pal and interest requ~red by the prom'ssery no!e secured hereb~, mortga~or covenants ,~~d agr~es to pay ro mortyagee ~n:th each monrh'~.y pay~.,ent an add~~ional sum est~ma~ed by mortgagee to be equal to 1, 12 oi the annual cost of the follow- A--AU rcal propc~ty I3RC5 le•ne~ or assessed agai•~st the above desvibed real esrafe. 6 Pr._n,~unu 6n fir~ and w~ndstenn ins~rarce as here~n requ:red to be tarried on the improvements s~tuate on the above described premises. C-Pre~~~iuvns ai such m.ortg:;ge guaranty ir.surance as mortgagee shall from t;me to time deem iit to carry on the ?oan sewred hereby. !*rc!rt^~~^ •~r~! j•orr. !o _c!~F~• m^•+^~o^• ~n v.••~~~~a o~ thP rm~nnt d:~P and nayable hereundrr and such su~n shatl thereupon be due and ~ . j. . . . .m. mn n . { ,~tii.. ~ti~ ~t.~~ ,;a~A .,f ~h~ n~.Yr moMh:~~navment and each successive month thereaft~r ur.til mortqagee shall notify morrgagor of a change in such I -"o~nt. Such wms s~.a.l be app!ied by rtgag~e toward the payment of real property taaes, insurance prem~ums, a~id mortgage guaraNy insurante i ;~.~emwms_ E I Y~ITP '.'1H f c F, the sa MOR AGOR has hereunto set his hand and scal the da y and y first aforesaid. t ~ ig 1 a 'vered ' pre nce of: ~ - ~ Seal) _ ~ (Seal) 3 - S~_°'_-T-_ -(Seal) - , l5eal) Si:~TE OF FIORIDA St . Luc ie ~ ~OUNTY OF 1 Before me personally appeared William P. Snoddy e~ _ Avanelle $IIOLjC~3/ his wi(e, to me well known and k~own to me to be ;r~ individuafs describrd in and who executed the foregoing instrument, and acknowledged before me that they executed the sartib fo(,t~ie purposes rherein expressad. And the said Avanelle $I10dC~~7 ' 1' . ; ji r~~fc of the sa~d W11112iID P• Snoddy ifpon a separptefaad pr~vate ~~.am~natio~ by me taken separate and apart from her said husband, atknowled9ed to and before me that she executed said iAylfy{pent fit~ly•aod ~ip~urt- „ +a~~iy ar,d wi~hout any compulsion, constraint, appreher~n, or fear of or from her said husbansde temb ~'.~2 WITNESS my hand and offitial seal this_ day of P - "~"It~~D. a~ • r ^ ' • y ~ ' ~ ' ' ~ ~ Notary Pubt~c in a fo the Stefe qf'FJqrida„p ,lOr9e~~; ~ ~ _ra.(c My Comm~ssio~ eapire . ~ RetumTo: ~'~'~,~~;i',?~ ~ ~ Firzt Federal Savings E~ loan Assxiat~on ~•f ~ ~ ~ Of fort P ~ ree. Fort P~<<ee. Flcnd.3 e ` f11E0 t.t:C ~~EGOAQEO ~ SS.Itl~;C CO,:N1Y FLA- - ~ F~r r Ult~~ RT ~ ~ This Instrument Prepared By J. H. Roberts, Jr. Q~Gn;"~t: ;'~;F ~r~.i.~--~ ~ First Federal Savings & loan Association - v ~7 of Fort Pierce ~ Florida ~p 5 3 0$ 1 H uu Ch~cked By U ~ + SUGx~ ~ ~3"144Q ~S , - , -s~.-i~° _ _ _ ~j '..Y_ s."ii~ . . ~1 -