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Home My WebLink About1421 3. To ptace and cunrinuously keep on the bu+.'d~ngs now or hereafter situate on sa~d tand and on aC eq~~pm_eJnt and personally cove~ed by th~s mo~ ege, wi~h afl prerc~iums Ih~•rcon pa~d m fuii, f~re insurance in ihe ~sua~ s~andard pol~cy torm, in a sum d'~JOY~v by the h10RiGaGEE, and wfndsto ~~~s~rance in ~he ~sual standard pol.cy form, in a sum approv~d Gy ~the f.IQRTGAGEE, in such can~any or compan~es as ~he MORTGAGEE m d~rect; and all fire ar,d w~ndirorm insurance poGcies on any of said buitd~ngs, any intereit the~ein or parl thereoi, in the aggiegate sum atoresaid in ex~ess thereo}, shaU coroai~ the uwal st~ndard mortgagee dause or suth oihe~ dause as 1he Mortgagee may requ:re, making the luss undcr s~,d po c~es, each and every, pay~ble to said htORTGAGFE as its intzrest may appear, and each and every such poi~c~ shatl be promptly ass gnrd and dei~vared i any held by sa~d A10RfGAGEE as further security to said mo~tgage debt, and, not less than ten (101 days in adiance of the expirat~o~ of each poGcy, to d~ {~ve~ to sa~J A10RTGAGfE a renewat thereof, iogether with a receipf fo~ the premium of such ~enewal; and ih~re sl~all be no f~re or wi~~ds~or~h insuranc pfaced on any of sa~d b~ild~nys, any interesf therei~ or parl thereof, untess in the form and wi~h the loss payable as aforesaid; and i~ the evenl any sun of money becomes p~yable under such policy or policies said MORTGAGEE ahall havt ~he opt~on fo rec~ive ~nd app!y the sarne on accoum of tAe indabted na:s secured herc'ny or ro permit said MORTGAGOR$ to reteive and use it pr any part thereol ior o:no. ~:w~~oses. ~v~tho.,t th~nur w~i.;.~3 cr n:~p..ir Ing any equ~ty, lien or righl un~er or by virtue of this moregsge; and in the event sald MORTGAGORS shall for any reason fail to keep the :a~d prem~s~s so ~nsured, or faif to deG~er promptiy any of said {wl:cies of ~~su~anca ~o sa,d A10RTGAGEF, o~ foil promp!ly to pay futly any premiv~n the~etor or in a~y iespea fuit to perfo~m, d~scha~ge, exec~te, efiect, comptete, comply with and ab~de by th~s covenant, or any part hrreof, sa~d MORTGAGEE may piace a~~d p~y for such ;nsurance or any part thereof withoul waiving oa affecting any optio~, iien, equity, or r~ght under or by virtue of ~h;s Mo~tgage, and ~he fu;1 amour~t of each and every such payment shail be immediately due a~d payable and shall bear interest irom ~he date thereof umil pa~d at ~he rate of ~~•~~e prr canwm per annum and to~rther with such inte~est shali be s~~red by the lien Of this mortgage. 4. To permit, commit or sufter no waite, impairment a deteriora~~on of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attorney'a fee and costs of abstracls of title, incurred or paid a? any te~:e by iaid h10RTGAG:E, becausa or in the event of the failure on the part of ~he said MORTGAGOR ro duly, prompfly and fuUy pe~fwm, d~uharge. =xocute, effect, comptete, comply wuh and ab:de by eath and every the stipulanons, agreemenls, conditions, and covenants of said prorn~ssory note and eh7~ ~:u: tgage any or e~rher, and sa:d tosts, cha~ges and expenses, each and every, shall be immediately due and payabte; whether w not there be no~ice dr niand, attempt to colle~t or suil pending; and the full amount of each and e~ery suth payment shall bear ~nterest trom ~he date thereof until paid at the or ~une per centum prr annurn; aod all said costs, charges and expenses incu~red or paid, rogether wnh such interest, shall be secured by the lien of th~s mortgage. 6. That (a) in the eveM of any breach of this Mwtgage or default on the parf of the MORiGAGOR, or (b) in the event any of sa:d s~ms of mo~ey t,erein referred to be not promptiy and fully paid wieh~n th~rty (301 dayrs next a4ter the san~e severatly become due and payable, without demand or natice, ~r {c) in'thr event each and every the stipulations, agreements, condirions a~d covenants of sa,d pro~nissory no`e and th~s mortgage any or e~ther are not i~ly, promptly and fu~ly performed, d[scharged, ezecu~ed, eifected, completed, compGed wnh and abided 5y, then in either a any such eve~t ~he said ag ~~egate sum ment~oned in said promisso~y note than remaining unpaid, with imerest accrued, and atl moneys setured hereby, shall betome due and pay- nc,e forthwith, or thereaftcr, at the option of said MORTGAGEE, as fully a~d completely as if aIl of the sald sums of money were or~ginal~y stipulated ro t~ pald on such day, anything in sa:d promfssory note or ~n tAis Mortgage to the conrra~y notw~thsrand~ng; and ihereupon or therealter at the opt~on of s-!d h10RTGAGEE, without notice or deman~+, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby r._d matured pr~w to ns inst~tution. 7. That in the event that at the beginning of or at~any time pending any suit upon this Mortgage, o~ to fwectose it, or to refwm if, o~ to enforce r~ymeot of any claims hereunder, said h10RTGAGEE shall apply to the Cour1 having jw~sdrction thereof for the appo~ntmero of a Receiver, such Court shafl t.,: thwirh appoiM a rece~ver of said mortgaged property all and singular, includmg aIl and s~ngular the ir.come, pro(~ts, issues and rtvenues from whatever s. ,•ce derived, each and eve~y of wh:ch, ir being expressly understood, is hereby mortgaged as if speufica{ly set forsh and deuribed in ihe granting and ~::-:~endum cla~ses hereof, and such Receiver sha~l have all the bruad and effective funct.ons and po.vers in anywise entrusted by a Cowt to a ReceivEr, and s ch appointm.e:~t shali be made by such Court as an admitted equi~y and a matter of absoture right ro said MORIGAGFE, and without ?efe~ence to the ..,'~yv~:y or inadequacy of the vatue of the property mortgaged or to the so~vency or ;nsoivency of said MORTGAGOR or the defpndants, and that such •~~•s, profits, inco,ne, issues and revenues shall be appiied by such Receiver accord!ng to the lien or equity of said MORTGAGEE and the practice of such Co~rt. 8. 1o du1y, ~romprly and fully pe~form, discharge, ezetute, effect, complete, comply wilh and abide by each and every the stipulations, agreements, .cndifions and covenanrs in sa~d promisswy note and this mortgage set forth. 9. That in the event the ownership of tfie mortgaged premises, or any part thereof, ~ecomes vested in a per~n other ihan the MORTGAGOR, the ? :.;;R7GAGEE, its suctessors and assigns, may, without notice to the MORTGAOR, deal with such suctessor w succeasor in ~nterest w~th reference to this o~+gage ar.d the d_~ot hereby secured in the same manner as with Mortgagor witlwut in any way vit:atinq or d~scharging the Mortgagors' liability h¢re- ~~,der or upon the dabt hereby sec~red. No sale of the prem~ses t~ereby mortgaged aRd no forbearan~e on Ihe part of the MOR7GAGEE ar its successors c- ass;gns and no extens~on of the tim.e for the payment of the debt h~.eby sxured given by the MORTGAGEE or its successws or au~gns, anall opeiate i b reiease, d~scha~ge, modify ~hange or affect the original liabil~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spedfical{y agreed that time is of the essence of fhis contract and that no waiver of any obl~gatfon hereunder or of the obligaYan se- .,,red hereby shaf~ at any time shereaher be hetd to be a waiver oE the terms hereot or of the instrumeM secured herby, I1. In a:i~,ti~~ to !he iorego"ng momh!y paymeMS of princ pa! and intzrest required by the promissory note sec~red hereb~, mortgagor covenants ~ ~ d agrees to pay to marrgagee •nith each monrhly pay~: ent an add~rional sum est~mated by mor~gagee to be eq~ai to 1,' 12 oi uie ann~al cost of the follow- A-All real property taxes levied or assessed agai•,st thc above described real estate. B- Fr:~:,:u~r.z o~ fire and windstorm insuracce as herein requ~red to be tarried on the :mproveme~ts sit~ate on the above dsstribed premises. C-Prerniu~• s on s~ch mortgage guaranty ir.suraoce as mortgagee shail from r;me to time deem fit to tarry on the toan secured hereby. V,ortg~gee s~~a +'rom ttme to nme norify morrgagor ~n writlrtg of the amo~m dUe and payable he~eundar and svch surn shatl thcreupon be due and ,-.b~e on rha d~~e dare of ~he next month:y payment and each successive month thereaft~r ur.tit mortgagee shafl nor~fy mortgagor of a change in such ~nt. Sucn sums sha,i 6e app;iad by mortgag?e toward ihe payment of real property tazes, insurance prem:ums, and marrgage guaranty insurance ~ v*:iums. 1 '~IiPJE55 ~REO , t said MO GOR has hereunto set his hard and seal the day and year fir foresaid. ~ S n at d e t ce f: ~ / t~~itness hn L. nsfie ap . <<1tT1@S~L~ ~j- /)A~~ N Sea4 - 6--~ 1 L Mansf eld ~ ~~ap sr:,TE oF F~oaio ~ ~~~h ss. CJU'JTY Of _ << ~ ~ Before me personally a~peared John L.. Mansfieid and ' Ma.bei L. Mansfield ~ his wiie, to me well known and known to me to be ~ r%,~ ind'rviduals described in and who executed the foregoing insNument, and ack»owJedged before me that they executed the same fw tfie purposei ! the-ein expressed. And tbe said Ma?bel L. Mansf ield ~ .:,fe or the :a~d John L. Manfield • oao~ a s~P~,w.d'pi v.fe-. . . ~.am~nat~an by me taken sepa~ate and apart from her said husband, atknowledged to and before me that she executed said inslru.me~t f ely anc~ biv~ ; ~~•~~y and without rny computsion, constraint, apprehensi or fear of or f~om r said husband. . n • WITNFSS my hand and offidal seal this__ day of e e @r A~D.`19-7a - : i-~ : . 7_`' ~ v, - Notary u ic in and for the S t o'{ fJprida st r~ ` My Comm~ssion expires: . ~ ' ` . Return To: /J First federal Savings d. Loan Association P(1.iLIC ~ ~ ~ - fIOTARIr , Si'TE Of flC?:- of Fo~r P•_.,ce. MY COMMIS7lON EX~PIRES JUN uR6E } Fa~r P~_«<. Fi~.~d.3 NONDEp iN.Yfl fRE7 w. uiwr ~ 1 ~HUIt~~ ~ rILE~ AMO AECORpN ST.UlCIE COtlMTI? fLA. This Instrument Prepared By= J. H. Roberts ~ Jr . ROCER lOETRAS First Federai Savings & Loan Association CLERR C~2Ci3:T COURT . of Fort Pierce ~ Florida 33450 afCORO Yf.RtFIEO.~.~.1L Checked By~ ~ ' ~ 4S ~~Z ' , eao~c~~ ~~i~18 238303 ; ; ~ lh~ . - ~ : : - - - - - - ~ ~y , . . ~ +~v>_ y ..y3~ e~~+