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Home My WebLink About1568 3. lo place and continuously keep on the bui:di~~gs now or hereafter ~;~uate on sa~d tand and on all equ~p~nent and personaily covered by tn~s mor age, with all pren~~u^~s thereon Na:d full, fire insu~ance in th: usual srandard polity ioim, in a sum opp~oved by tha MURtG:.GEE, and w+nds~o :n:urance in the u:uat aranda=d po:;cy fonn, in a sum approved by ~he MORTGAGEE, in such company or companies as the MORiGAGEE m d~rect; and all li~e ar~d w~nd~torm insuran~~ poJic~es oo any of said bui;dmgs, any iMerest therein or pa~1 thrreof, in ~he agg~ega~e sum aforesafd in ezcess thrreof, sfia11 coroain ~he usval star.dard mortgagee Nause or auch other dause as Ihe Mo~tyagee may requ.ie, making ~he ~oss under sa~d po u~~s, each and every, paya~fe to sa~d h10RiGAGEE as ~ts iroeresl may appear, and each and every such po~~c~ shall be prompt:y ass gned and de;ivared t an~ held by sald ~LtORIGAGEE as fur~her v:curity to said mongage debt, and, not less than ten (10) days in ad~once o( tha expirar~on ot each poficy, to d~ I~ver to ta~d MORTGAGEE a renewal thereof, together with a rece~pt for the premium ol such renewa~; and ~hrre shall be no f~~e or ~vi~ds~o~en insu~anc p~aced on any ol s~~d build~nys, any in~arest ~herein or part thzreof, unless in the torm and with the loss payab~e os aforesaid; and in the eveM any w~ ot money becomes payabte undrr such policy or pot~ctes s3~d ~~?ORTGaGEE shall have the opt~on ro ~ece~ve ..nd app!y the same on account of the i~id~bt~d r.rss secured ~er~by o~ to perm~t said MORTGAGORS to rective and use it a any part the:eof tcr o;h. r~.w.os~•s v.nnout ~hr. u~ .~,:wi i~ ~r una.,u ~ng any equ~ty, Ifen or riyhr under or by virtue of this mo:tgaqe; and in the event sa:d MORTGAGORS sha!1 !or any rcason fail to keep ehe sa~d premisrs so ~nsvr~~d, or lail to de?~ve~ p~ompNy an~ of s~~d polk~es of insurante to said MORTGAGEE, or fo~! p:ompNy to pay fu~Sy a~y prz.,u~,n thcrefor or in any respect fail to perform, d~sch,rge, exewte, efiecl, complete, comply with and abide by this covenant, or any p~r~ hareoi, sz~d MGRT~AGEE may piace and pa~ for such insur.,nce or any part tha«of wnhou? waiving or affectirn~ any option, lien, equ;ty, or righr ur.der w b~ virtue of this Mongage, and the full amount of each and e.ery such payn,ent shall be irnmediately due and payable and shall bear intersl from ~ha date thercof uroil paid at the rate ol ~~~ne per crr~turn per a~~nu:n wid to3~th~~r v~i~h suth interest shal~ be sacured by the lien of th~s mortgage. 4. io permit, cornmit or suffer no waste, impairment w deterioratian of said property or any parf thereof. 5. To pay atl and s~ngular the costs, charges and expenses, includ~ng a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time 6y sa~d h10RiGAGEE, because or in the evznt of the failure on the part of the said MORTGAGOR ro duly, promptly and Fuliy perfwm, d~scharge. : xrcute, efiea, compeete, co~.pty w~fh and ab:de by each and every the st~pulat~ons, agreements, cond~tions, and coveriants of sa~d prornissory note and th~s ?•ortgage any or e~rher, a~;d sa~d costs, charges and expenses, each and every, shall be immediately due and payable; whether w not there be notice d~ r;~~nd, atte~npt to col~ect or suit pend~ng; and the full amount of each and every wch paymem shall bea~ interes~ from the date thereo4 unril paid at the o+ n~ne per ccni~m p~~r an~~u~~; end au sa~d costs, cha.ges and ex~xnses irxurred or paid, together w~th such interest, shall be secured by the I~rn of th~s mortgage. 6. That (a) in the evenl of any breach of this Mortgage or deiault on the part of the 410RTGAGOR, or ~b) in the event any of satd sums of rtwney i,~rein referred to be r~ot µron,ptly and fuily paid wirhin th~rty (30T days next afrer Ihe san:e severat~y becon,e dve and payabte, without demand or natice, or ;c) in the event each and every the stipulations, agreemems, cond~tions and covenants of sa.d promiswry nose and th,s mortgage any or either are nol 1~:y, prompNy and iut~y perfonned, d.scha~ged, execu~ed, effected, comp{eted, compi~ed with and ab~ded 5y; then in either or any such event Ihe sa~d ag ~r~~?atz sum ment;oned in said promissoiy note fhen remaining unpa~d, with interest aarued, and all moneys secured here6y, shall become due and pay ao lorthwith, or rhereaiter, at thr opt~on of said MORTGAGEE, as fuily and completely as ii a~l of the said wms of money were or,ginatty st~pu;ated to br pa;d on such d~y, anything in sa:d pro~nissory note or in this Mortgage to 1F.e camrary not.vlthstandutg; and thereupon or thereafter at the option of s~;f MORTGAGEE, w~ihavt noi~ce or demand, suit at law or i~ equity, thereiore or thereafter begun, may be prosecuted as if all moneys secured hereby n d matured pnor to ns institui~on. 7. That in the event ~hat at ~he beg~nn~ng of or at any rime pend~ng any su~t upon fhts Mortgage, or to foreclose it, or to reform it, or to enforce F~imfnf of any cia~ms hereundzr, said MORTGAGEE shali apply to the Court having ~urisd~~ction thereof for thr appomtmeN of a Receiver, such Court shafl fc•rh.v~rh appo~M a receiver of said mortgaged property atl and singutar, includ~~g aif and singuiar the income, proflts, iswes and revenues fro.n whatever s. ~rce dr~ived, each and every of wh;ch, it being expressiy understood, is hereby mortgaged as if spec~ficaily set forth and destribed in the granting and ~ F,uendum c:auses hereof, and s~ch Receiver shall have all the broad and effective funct,ons and pov.ers in anyw~se entrusted by a Court to a Recriver, and ; s_ch appointment shatt be rrrde by wch Co~rt as an ad:nirted eqvity and a mavter of absolute r~gM to sa~d MORtvAGEE, and without reierence to the ~ _ a~'e v;c or inadr vac of the value of the io e~t mort a ed or to Ihe so~venc or inso',venc of said MORTGAGOR or the deiendaros, and that suth Y q' Y P P Y 9 9 Y Y _ ~ ~~~~~rs, profits, inco.ne, issues and revenues shaii be applied by such Receiver accordmy to the lien o~ equity of said I'dQRTGAGEE and the pract;ce of such ~ Cou~t. " 8. To duly, prompY.y and fui!y perfo~m, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, ~ _ ~ditions and covenants ~n sa~d promissory nore and th~s mortgage set forth. 9. That in the event the ownersh~p oF the mortgaged prem:ses, or any part thereo~, 6ecomes vested in a person other than the MOR7GAt'iOR, ~he " .':)RTGAGEE, its succeuors and ass+gns. may, without notice to the AtORTGAOR, deaf with such successor or successor in interest wi~h reference to this o•fgage and she d=ut hereby secured in the same manner as with Mortgagor without in a~y way vitiating or d~scharging the lAcrtgagors' liabilety her~ ~ d: ~ or upon the debt he:eby secure~3. No sale of the premises hereby mortgaged and no forbearance on the part of the ktORiGAGEE or its successon c• a>s~gns and no extersion of the +~:-~e ior the payment of the debt hereby secured given by the DhORTGAGEE or its successors or ass~gns, a~~all operate ro re~eese, d,scharge, mod~fy change or affect the original Iiab~Gty of the MORTGAGOR herein, either in whole or in part. 10. It is spec ffcatiy agreed rhat time is oi the essence of this contract and rhat no waiver of any ob~~gation hereunder or of the obligation se- c. -ed hereby sha;i at an~ time ~hereaf;er be he:d to be a waiver of the terms hereof w of the instrument secured herby. 11. lo .3d~i ,~o ~he forego ng ~r.omhly paym•_nfs of prloc pal and inrrrest requ~red by the prom sscry nore secured hereb~, mortga~or eovenants i' dCjf•:ES to pay ro:~:c-ty:3gee ~~irh each momh;y pay~~,ent an add~nonaf sum esr.ma~ed by morrgagee to be eq~al to 1 12 of t~~e an»ua! cost of tne follow- ~ " A-A!1 r~a! E;ropcrry tax:s le•~~e~ or assestcd ag3i~~st th~ above described real estate. 6 F: _,~u ~~s cn f~re and windstorm ~r.wrarce as here~n requ;rrd to be carr~ed on the ~mproveme~ts s~tuate on the above d~scribed premises. C Pr~•~n:,;~~ s o•~ wch mortgr,ge guaranty icsura~:te as mortgagee shaU frem t me to time deem fit to carry oo the ioan secvred hereby. t,tortgagre s~,.,!+ °•cr.i r~ „e to fi:,~e not~fy mertyagor m wr'rt;ng of the amou~t due and payable hereun,~~r and s~ch wv1 sha:l thcreupon be due and . b'e o~ +ht clve date of ih> nexr n:onth.y payment and each svccessive mon!h thereafrer uctil mortg~gee shall not~fy mortgagor of a change in such ,,;nt. S~ch sums s~~a.~ !;e aNF•'ied by mortgaa•.e toward the payment of reat property taxes, insurance prem;ums, and mortgage g~aranly insurance . ~•uums. ~ IN `:11T~1E~S '::HER~OF, th sa~d ORTGAGOR has hereunto set his hard and sea! the day and year 'rst aforesai _ Sign . Se4 liver the resence of: ~ ~ ~ ' ` Sealy l - , ~ (Seal) , - '--~s (Seaq - (Seap 5"-+TE OF FLORIDA ~ ~?UNtY OF ~ St . LUC 1 P 1 Before me personai{y appeared Ca~'lU ~1~. Sevier and _ FrancPS L. Sevier~~: wife, to me wetl known and krwxq;(O me to be ind~viduals described in and who executed the foregoing. instrument, and acknowledged before me that they executed the {~mf: {or tlte~purposes +~e•ein expressed. And the :a~d___Frances SeV1PT ,'v4 ~ ~`e of the sa~d V 1 L'~ ~L1 . $ p~i 12 2' upOn •aj„~7.?pa ate.a'r?~ ~jivate 3m~nat~on by me ta4en separate and apart from her said husband, acknowledged to and before me that she executed saic~7r~itru~nt ~ee{~and aroluo- ~.:~~.y and w~shou? any computsiort, constraint, apprehr~qsipr~ or fear of or from her said husband. - ~ Septembe ; = c:; • ~ 2 V41TNE55 my hand and offic;al seal this__ t day of q~~ ;~y~_ ~ ~ - 1 ~ .J : ~ Notary Public i and for the $tate•.of FlorSda. al.laig~ My Comm~ssion expires: ~ A i Retvm To: ~ ''•••...~~.rr+~~~~ ~ First Fed>ra) Savings 3 loan Association . Ot ~U't P t~'C~'. For; P,.,•ce, f:~r~:.i.a a~ tuc E ~ ~~c ~d . This Instrument Prepared By , H. Kobert s, J r, ROCEp ~~~~SFL4- t° First Federal Savings & Loan Association CtERK Cs:,~u~T COU~PT ~ of Fort Pierce ~ Florida REC~Rp yrR~F~E~~_ Checked By ~ ZO tt ~Z I 11 ~l1 $oor.~""" fAGE1~J~ 2383$5 ;S ~ _ _ - . . ~