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Home My WebLink About2692 3. To place and co~Gnuousl~r keep on the bul'd~ngs now or hereafter ~ituate on said tand and on a!i eryuipment and personally covered 'oy this mor age, w~th aN premi~:ns the~eon pa d in fuU, fne inswanca in the us~al uanda~d poi~cy torm, in a Sum aHproved by ~he MORiGAGEE, and windsto inwrance in the uwal arendard poi.cy (o~u~, in a sum appro.ed by the MORTGAGEE, in such company or con,panies aa the MORTGAGEE m dvect; a~d all fi~e and w~ndstor~n inw~ance polic~es on any of said buildmgs, any interes! therein or part thereoF, in the aggr~ga~e sum aforesaid in excess ~hereof, shal! ,on'~in the ~s~al sra~,dord ~norrgagre c~a~ae or a~ch o~her clause as the hlo~tyagee may requ~re, making the ioss undrr sa~d po ues, eath and eve~y, payab'e ro sa~d t.tpRiGAGEE as ~ts interest may appear, and each and eve~y such poncy shaN be promptly ass gr.~~d a~~d delivered ~ an~r he(d by sa~d MORIGAGEF as furih~r s_c~r~ty to said mortgage debt, and, ~ot less than ten (10) days in advance of tha explratlon oi each policy, to d. fver to said MORiGAGEF a renewal thereof, together with a rece~pt fo~ the premium oi such renexa!; and ~here shail be no f~re or ~nindsro~m insuranc placed on any of said buitd~ngs, any i~i'~rest therei~ or par? thereof, unless in the form and wi+h the loss payab,e as afcresaid; and in the eveM any sun of money beco:nes payable undr~ such policy or pol~cies sa~d MOkTGAGEE ahall have the opt~on to rec•_~vo and apF:y the sa~ne on account of the indabfod ness secured hereby or ro perm;t s~~d N10RTGAGORS ro rece~vc and use it or any part tt~~~:rof tor o:n<~ F.ur; ;:srs, i•..~ho~} ~h J! '.V~~'•i or ~~ua..~~ ing any equ'~ty, lien w r;ght under or by virtue of this moregage; and in the event sa:d MORTGAGORS shall `or any teason fail to keep thc sa~d premisas so inw~ed, o~ lail lo de!i~er pranptiy any of said pol~ties of insurante to sa~d MORiGAGEE, or fai: pro~nptly to pay fu~ty any pre~n~,,•~n tt~erefo~ or in a~y respect fail fo perForm, di;charge, executr, eflect, complete, comply with and abide by th~s tove~ant, or any par~ hareof, said MORiGAGEE may plate a~~o pay fw such insurance or any par; thereof w~thout waiving or affecting any option, lien, equ~ty, or r~ght unde~ or by vi~we of ~his Mortgage, and the fuli a~nount of each and e~ery such payment shall be immediately due and payabte and shaH bear interest hom the date thereof until p~id ai the rate oi n;ne per ~zn~um per annum an:1 to3rth~•r with such interest shail be s~ured by the lien of this mortgage. d. To permit, commit or sutfer no waste, impairment or deterioration of :aid p~operty or any part thereof. 5. To pay all and s~ngular the costs, charges and expenses, including a reasonable attorney's iee and ccsts of abstratts of title, i~curred or paid at any time by sa~d h10RTGAG`_E, beca~se or in the eveM oI the fa~lu~e on the part of the said MORTGAGOR fo duly, promptly and fuliy perform, d~stharge, _tiewte, effect, complete, cornply w~th ar;d ab.de by each and every the stipulafions, agreements, conditions, and covenants oi said pro~n~;sory note and this i~~rrgage any or e~ther, and sa:d costs, charges and expenses, each and every, shall be immediatefy due and payabte; whether w not ~here be notice d> mand, attempt ro coliect or svit pe~~d~ng; and the fufl amount of each and every such paymen~ shall bear in~erest from the date thereof until paid at the re o~ n~ne per ce~ztum Her an~~u:~+; ~nd all said cos~s, chargzs and eapenses incurred or paid, together w~th s~ch interest, shall be szcured by the lien of th~s mortgage. 6. That (a) in the event of any breach of this Morrgage or default on t?w part of the MORTGAGOR, or ib) in the event any of sa:d sums of money h~rein referred to be not promptty and fully paid wirhin th;rty (30) days nex~ after the same severatly become due and payable, wi~hou~ demand or ~otice, or ~c) in thr event each and every the st~pu~ations, ag~eemems, cor,ditions and covenants of sa;d promissory note and th~s mortgage any or either are nol iuly, promptty and iulty perfonned, d.scharged, exetuted, eifected, completed, complied w~ih and ab;ded 5y, then in e~ther or any such event the sa~d ag gregate sum me~t~oned in sald promissory note then remaining unpa~d, with iroeresr accrued, anJ aif moneys sewred hereby, shaN become due and pay- ab:e forthwith, or rhereafter, at the opt~on of sa;d h10RTGAGFE, as fully and compietely as ii all of thE sa~d s~ms of money were onqina~ly supulated te be pa.d on such d~y, anything in sa:d pro:mssory note or in this Mortgage to the contra.y notw~thstand~ng; and ~hereupo~ or thereafter at the option of s~,d MOR:GAGEE, without no~:ce or demar.d, suit at law or in equity, there(ore or thereafre~ begun, may be prosecuted as if all moneys secured hereby r,~d mawred pr~or to ~ts institution. 7. That in the event tF ~nning o or at any time pending a~y suit upon this Mortgage, or to foreclose it, or to reform if, or to enforte F~yment of any clai~ns here MORTGAGE~ shall apply to the Court having juresd~ction thereof for the appantment of a Reteiver, such Court shall fcrthwith appoint a rece~ver o ortgaged property ail and singula•. indud~ng all and singular the income, profits, issues and revenues from whatever scvrce derived, each and eve~y of wh:ch, ~t be~ng expressly undersrood, is F.ereby mortgaged as ~f spec~ficaily set forth and dexribed in the granting and h3oendum c!a~ses hereof, artd sUCh Receiver sha!! have a!f the broad and effective funct~ons and pbwtrs in anyw~se entrusted by a Court to a Receiver, and s~ch appointment shall be made by svch Court as an admitted equity and a ma~ter of absol~te right to sa~d MORSGAGEE, and without reference to the edeyuacy or inadeg~acy of ihe vatue of the property mortgaged or to the so:vency or inso~vency of sa~d MORiGAGOR or the defendants, and that svch re~,~s, profits, incane, issues and revenues shall be applied by such Receiver accordu~g to the iien or equ~ty of said IdORTGAGEE and the practice of such Court. . 8. To duly, prompt:y and fu!!y perform, discharge, ezecute, effect, comptete, compty w~th and abide by each and every the stipulations, ag~eements, conditions and covenants in said promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged pren,ises, or any part thereof, becomes vested in a person other ihan the MORTGAGOR, the '.',ORTGAGEE, its successo~s and assigns, may, without notice to ihe PhpRTGAOR, deal with svch successor or successw in interest with reference to this orrgage and the dNbt he~eby secured in the same manner as w+th Mortgagor w~thout in any way vitiating or d~scharg~ng the Mortgagors' liability here- ~ r.der or upon the debt hereby sewred. No sate of the premises hereby mortgaged and no forbearance on the pan of the /AORTGAGEE er its successors or ass~g~s and no extens~on of the time fo~ the payment of the debt hereby secured given by the 1140R7GAGEE or its successors or ass~gns, a~~all operate ro reiease, d~scharge, modify change or affect the orig~nal I~ab~fay of the MORTGAGOR herein, either in whole or in pa~t. 10. It is speuf~cal{y agreed rhat time is of the essence of this contrau and that no waiver of any obligat~on hereunder or of the obligation se- cured hereby shali at any time thereafter be held to be a wafver of the terms hereoi or of the instrument secured herby. 11. In aad:tion to the forego ng r.,onth!y paymenrs of princ pal and interest required by the prom;ssory no!e sc•cvred hereby, mortgagor tovenants ~~~d agr:es to pay ro n;ortgagee ~~rth each roonrhiy payr::ent an add~riona! sum cst~n,ared b~ mortgagee to be eq~al to 1 12 oi the annual cost of the follow- A-All ~ea! property taxas levied or assessed against thc above descri~ed « al esta!e. 6--Pra~n~~~ns on f~re and vi~r.dstonn insu~arce as herein requ~red to be canied on the improveme~ts srtuate on the above d_scribed premises, C-Premiu~r~i on svch mortg;ge guar~,nty ir.surar,ce as mo~~gagee sha(I from tfine to time deem fit to carry o~ the toan secured hereby. h5ortgagee sha ! fro:n tirr,~ tu t~me ~tict;f ~ morrgagor fn writing of the amou~t due and payable hereundrr and such su n shafl thereupon be due and :~ra~~:e on th~ d~e ci.,~e of rh: nexr rnonth:; paymenf and each successive month thcreafrer uctii mortgagee shall notify mortgagor of a change in such +-:o~~t. Such su:ns s1 a:I be app;ied by mortgag~_e towa~d the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ~~~ernivms. iN tV1iPlESS '.":HEREOF, ihe sa~d hyORTGAGOR has hereunto ser his hand and seal the day and year first atoresaid. Si9ned, Sealed and ~iv ed in e presence of: ~ t ) (Seal) ` ~ " ~ (Seal) ~ - (Seal) - (Seal) S~ATE OF FLORIDA ~ COUNTY OF St • L11C1@ ~ 1 8efae me personally appeared -_41oy~~vlor and ~ ClOt~l~ r' ~ T~y101' his wife, to me well known and kno•~nrn to me to be the individuais described in and who executed the foregoing instrument, and acknowledged before me that they exe:uted the same for the purposes ! !herein expressed. And the said_ ClOt~l(~@ F. raY201' r:~fe of the sa~d _ Lloyd Taylor upo~{ s~sepa?~fe a d private examinat~on by me ta4en separate and apart from her said husband, acknowledged to and befo~e me that she executed said iy~iym~nl',fteeYjl~rnc} volurt- rar~iy and w~thout any compu~sion, constraim, apprehe s~o },w fear of or from said husband. ° WITNESS my hand ar.d official seal this_ " day of OCZ 6 ~ A~p :~'T~'~~ ~ s ' Notary Pubfic in nd r the. ~pr et_larQe'.` ' My Commission e:pi s: - . Return To: ~ ;J ~ ~ ~ ` . First Federal Savings 3 loan Associat~on ~~~i~~ . s~ri~T c Of fort Prrce. ~~~~~~ry„~11L1~S,!~.,- fort Pierce. Fior~da " f~~Ea ~~+i~ ;ECOaoEa ST.IUC~~ ~OUNTY flA. ~ RBCER P~~~RAS CIERKC:~CU~t COURT `~LD This Instrument Prepared By - J. H. Roberts, Jr.Rf~~'R~ First Federal Savings & Loan Association ~ of Fort Pierce ~ RlOI~ ide? ~ 3 ~6 ~H , Checked By 2~12~i O ~OC~K~GV 1 FAGE~U9Q 1S -z. ~ - _ _ ~ „ ~ °M-~- ~ ~ s , -~.ti