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Home My WebLink About2690 3. To place and cominuously keep on the bui'dings now or hereafrer ~~tuate on sa~d Iand and on all eq:,~pmem and perso~aHy covered by ~h;s moi age, wlth aIl prem~ums thereo~ pa~d in iutt, f~re ins~rance in the uwal standai~ po~icy form, in a w~n approved by the h~OR~CaAGEE, and wi:~dsto ~nwrance in the usual srand~rd po.,cy lorm, in a sum approved by the hIORTGAGEE, in such company or compames as the A10RTGAGEE m d~rxt; and all fire and w~ndstorm inw~ance poGues on any of sa~d build~ngs, any inferett the~e~n oi part fhereof, in the aggrega~e ium aforesa~d in excess Iher,.rof, shall :oroain the usual sta~~da~d mortgagee dause or such other ~t~use as the Mw?Qaqee may requ.re, ma?ing ~ha ioss under s.+~d po c~es, each and every, payab!e to said A10RTGAGEE as i~s iroerest may appear, and each and every such po!fcy shai~ be p~omptly ass gned and detiJwed ' any hetd by sa~d ~NOR?vAGff as further secwity ro sa+d mongage debt, and, not leis ?han ~en (10) days in advance of the expi~at~on of each poGcy, lo d. I~ver to said h10RTGAGEE a renewal thereof, toge~hrr with a reteipt fo~ the p~emium pf such renewal; and thrre shall be no i~re o~ ~vuids~o+:n insurant placed on any of sa~d build~ngs, any interest thare~n or part thereoF, un!ess in the form and w;th the loss payable as aforesaid; and the eveM any sun ot money becomes payable vnder such policy or poGcies said MORTGAGEE shall have the opf~on to rece~ve and apply the same on ac:ount of the indabied n~•ss securQd hareby or to permit said MORTGAGORS to receive and use it W any pait the:eof lor o,~~~•r pur;.~s~•s, t•:~rno.:r th,~~:» ,v.::.,~3 tr ~.np.:ic ;ny any equity, lien or riyht unde~ w by v;rfue of lhis mortgage; a~~d '+:s the event said MORTGAGORS thall !or any reason fail ro keep ihe sa~d prem~ses so msurcd, or fail to deli~cr promptly any of said poticies o1 insurante to said MORiGAGEE, ot fr.l promptly to pay }~ily any pren.eu~n therefor or in any respect fait to perform, dis:harge, exewte, eNect, compl~te, comply with and ab+de by this covenan?, o~ any part hereoi, said MGRTGAGEE inay place a~tl pay for such insurance or any part thereof w~thout waiving or affecting any option, lien, equlty, or rigM unde~ w by vi~tue of this 1No.tgage, and the full amo~M of each and e~ery such payment shafl be immediately due and payable and shafl bear ~nrer<at ':a. : the date thereof uniil p~~d af the rate ot n~ne per Centvm per annuen and to3ethrr witi~ ~~cP~ u;...,est sha~i be sacured by the lien of thif mortgage. 4. To permit, commit or suffer ~o wasle, impairmeN a deterioration of sa~~ orooerty or any part the~eof. ?r a^~! e?M•,ta, the costs, char9es and expenses, induding a reasonable attorney's (ea and cos~s of abstrads of t~tle, inturred or paid at any time by said MORTGAGfE, because or in the event of the faifure on the part of the said MORiGAGOR to duly, prompfly and fully perform, d~scharqe. ~xec~te, elfec~, comptete, compty wnh and ab:de by e~efi and every the stipu~ahons, agreements, cond~tions, and cove~ianrs o; said p~omiisory note and this mortgage any or e~ther, and sa,a cosu, cna~yra a~~d expenses, each and eve~y, shall be immed~ate:y due and payab~e; whe~her w not there be not~ce d~ man~, aii~~~~ri tu w:trct -vr suit Y,.^d~ng; and the fu!! a~nount of each and every such payment sha0 bea~ interest from the date thereof until pa~d a1 the r.•r~ o; n~ne t>er cantune Ncr an~~u:n; ond ali said costs, charges and exprnses irxurred w paid, together w~th such interest, shatl be srcured by the i~e~ of this moregage. 6. That (a) in the evenf of any breach of this Mortgage or default on ?he pa~t of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein ~eferred to be not promptly and futly paid wiihin th~rty (30) days next afn_~ the same severa:ly become due and payabie, without demand or netice, w ~c) in the event each and every ~he stipulafions, agreemeMS, condaions and covenants of sa:d promissory note and th~s mortgage any or e~ther are nof ~vty, promptly and ivlty performed, dscharged, executed, effected, completed, tompGed wrth and ab~ded 5y, then in e~ther or any such event the sa~d ag- gregate sum me~tioned in said p~omissory note then remaining unpa~d, with iroere,t attrued, and atl mo~eys secured hereby, sha~l bticome due and pay- ab:e forthwifh, or ~hereattcr, at the oprion of ~aid MORIGAGEt, as suiiy s~d completely as if all of the said sums oi money were onginally stipuiated ~o be paid on such day, anything in sa.d p~o~mssory note or in this Mortgage to Ihe cont~ary notwithstanding; and thereupon or thereaher a1 the opt~on of s~!d MORTGAGEE, w~~hout nor~ce or demand, suit at law or in equity, therefore or thereafrer begun, may be prosecuted as if all moneys secured hereby n~d matu~ed pt~or to ~ts institution. ~ . i . r 7. That in the event that at the beginn~r.g of or at any time pending any su;t u~n 'this Mortgage, or to fweclose it, or~to reform it, or fo enforce payment of any tiaims hereunder, said MORTGAGEE sha{I apply to the Court having junsdittion thereof (or the appointmenj of a Receive~, wch Court shail fc~fhwith appo;m a receive~ oF said mortgaged property aIl and singular, i~clud~ng all and singular ihe income, p+of~ts, issues and revenues from whatever scu~ce derived, ezch and every ot wh~ch, n bemg expressly understood, is hereby mongaged as if specifically set fath aod destribed in t6e granting and ha6endum c(auses hereof, and such Receiver shaN have al! the broad and eftecti~e funct,ons and powtrs in anyw~se eatrosted by a Gou~t to a Receiver, and s~ch appointment shall be made by such Covr~ as an ad~nitted equity and a maner of absolvte ngtA to said MORTGAGEE, and withou~ refErence to the adeq~acy or inadequacy of the val~e of the p~ope~ty mortgaged or to the so:venty or insolvency of said hRORfGAGOR or fhe de!endants, and that such re~~s, proiits, inco.ne, issues and revenues shail Ee apptied by such Receiver according to the lien or eq~ity of said h10RTGAGEE and the prectice of such Court. B. To duty, prompt!y and ful~y perform, d~scharge, execute, effecl, comptete, comply with and abide by each and every the stipulations, agreements, conditions and coJenants irt sard promisswy note and ih;s mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person o~hPr tha~ the MORTGAGOR, the .',~RTGAGEE, its successors ar.d ass~gns, may, without notice to the ~~10RiGAOR, deal wiih s~ch wccessor or successor in i~terest with reference to this ^ o~tgage and the dcbt hereby secured in rhe same maRne~ as with :dortgagor w~tlwut in any way vit;ating or dscharging the Mortgagors' liability here- .,-.der or upon the debt hereby secured. No safe of the premises hcreby mortgaged and no forbearanee on fhe part of the /hORTGAGEE or its successors or assigns and no eztension of the rime for the payment of the debt hereby secured given by the N,ORTGAGEE or its successws o~ ass:gns, ahall operate ro release, d~scharge, modify change or affect the originaf liau~{~ty of the MORTGAGOR herein, elther in whole or in part. 10. It is spec~fica~ly agreed that time is of the essence of thts contract and that no waiver of any obllgation hereunder or of the obligation se- cured hereby shall at an~ time thereafter be held to be a waiver of the terms fiereof or of the instrumem secured herby. i 1. tn atid t~u ~ to the forego ng month!y payments of princ pa( and interest requ~red by rhe prom sscry nore secured hereby, mortgaqor covenants 3•,d agr_es to pay to m.ortgagee v~ith each monihly payment an add~~ional sum est•mated by mortgager to be equal to 1; 12 of t6e annual cost of the follow- „,3: A-All real property taxrs levie~ or assessed against the above desaibed real estate. ~ B- Fr~miu;ns on iue and WiilClSfGrn: insurance as herc:n requ;red to be ca.~icd on the ~mproveme~ts s;wate on the above d_sa~bed premises. i C-Premiur~s on wch mortg~ge guaranty ir.surance as morigagee shall frorr t me to tirne deern fit to carry on the Ioan secu:ed hereby. hlortgagee sha l from t~~ne to iune notify mertgagor ~n writing of the amount due and payable hereundrr and such wm :hal~ thereupon be due and ;.~vab~e on the c!~,,e oate of tfi2 next monih:r paymen; and each svccessive month thereaft~r vr.f'e1 mcrtqagee sbal! nolify morJgagar of a thange in such --,ouro. Such wms sF.~,l be app:ied by mortgagee tom~ard the payment of real property taxes, insurance prein:~ms, a~~d mortgage guaranty insurance :•~emiums. iN :i17PiE55 :YHEREOF; rhe said MOR1GkGOR has hereunto set his hand and sea! the day and y fir afores " ' / 'gned, 5!ed a deliv ed in the presence of: ~ . ~ . [L~UQ~ ` Seary Q~ut,t/~V"'rq,~. i (Seal) V ~ (Seal) , (Seat) STATE OF FLORIDA ' t - ~OU~JTY OF ~t • LLiC1P ; ~ ' Beiwe me personally appeared John L. Thornbur~h ~ $Ptt}J Tho rnburqh his wife, to me well known and known to me toabe i rne individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes ' rherein expressed. And the said. 8c-'ttY Thornhurc~h ~ Jvhn L. Tl~o rnbu r h ~ ~ ~ ife of the said _ ~ upon a sep~r~~ Aqd privafe : ~ eram~narion by me taken separate and apart from he~ said husband, acknowledged to and before me that she executed said inatrum~M'free{y.an8 Yoluri~, i r.~•~iy and w~thout any compuision, cons~raint, appreh~nsion, or fear of or from her said husband. ~ • j'. ; i WITNESS my hard and offiual seal this ~/~'C_L't.- day of ~1ovc~mber ~ 1972: ~ ~ / - - ~p . ~C-~,~ ~ - ~ Notary Public in and for the State oi ~br~a Ijrge ~ S~ ' r My Commission expires: ~~~t~ ~E, ~'i • ~ ! Return To: NOtNy 'PYw1~. ~U~,,g~•f~vi. it ~T s Hy First Federal Savings S loan Associat:on NIy Gmmissaa ~~k~j; 4. ~ Of Fo~t P,erce. MeHd /Y Aw~riun Ii~,d'Gtr~ Furt P~e,ce, Florid3 " ~ ~ ~ ~ - S~- 7L 4 fILED AN~: `~ECORaED ST. WC1t~::flUNT1f FlA- ROCE*~ ~ G sR~S ~ This Instrument Prepared By John :•7. ~~11ins~~~RK C~+ ~~~t ~~~Rt ~ F+rst Federal Savings & Loan Association itFCOF" ~~R~=+ED ` of Fort Pierce , Florici~ i Checked By -L`~ ~ 'O 06 R ~ ~ ~i~~s . ~~~x 207 ~A~~2fi88 ' ~S ! f r ~~r _ _ _ - - - ~ % ° r~ : ~