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Home My WebLink About0182 3. To place and cont~n~ouzty k~~ap on ri,e b~;'d~ngs noer or hereaiter sit~ate on sa~d land and on all eq:,~pmem and personally cove~ed by this mo~ n~e, w~th all pren~iums ~~~creon p~ d~n fu11, }~rr iniurence m the usua) S~andard po'~cy form, in a sum a~.pio.ed by tha h10R~ "v:.GEE, and winJsto ~nwante in the usual atandard pot.cy form, in a su:n approved by tha 6tOR1GAGEf, in suth cort~~:any or tu~~~y>an~es as ~he hlORiGAGEE m d~rcu; and aU (ire a~~d w;ndiiorm insurance poirc~es o~ any oi s~id bui~d~nys, any interest ~her~in or Na~t ther,;~~. in ~he agg~~gat,., u~n alo~es=id in eacess thereof, sf~all contain ~he usuai sta"d.,rd mor~y~gee ciause w such other ~lause as ~he Mo~ty~gee may ~rqu.+e. maA~ng r~~e ;oss und~~~ s.~~d po c~es, e3cA and every, pay~b~e to sa~d A1~RivAGEE as ~ts int~rest may appear, and eacA and ercry such p:.~lc~ s~~all be F:~ump~ly ass y~~rd o~~d deii.~~red + any held 6y sa~d 1.1pRIGAGEE as funhar security to Said n.ortgage drbt, and, not less than ten (10) days in ad.ance of the ex~,iraKon uf each pot~cy, to d~ I~ver ~o said MORTGACEf a renewal thereof, ruyerhzr wirh a rete~pt for rhe pre~n~um of such ~enea,al; ,,~~d ~h<<e shall be ~w i~re o+ w~~,is~o~m ins~ranc p~aced on any of sa~d bui!d~ngs, any interest thrre:n or part thereof, unlesi in ~he (orm and w~t~ the loss paya~te as aforesaid; and in the event any sun of mo~ey becomes payabte undrr such poiicy or pof,cies said MORTGAGEE shall have th~ opt~on ro rccc~vc „r.d app!y Nir sa~ne o~ accov»t o! the indabt~•d ness sec~~ed heieby o~ to perm~t s3~d MORTGAGORS 1o reteive and use it q any pait ~h~•;roF ~ur o~~~ r ~.ur; ;,srs, ~.~~h;,,~t ~h ;:r r„~_~• ~~y any equ~ty, lie~ or r~ghr under or by vi~tue of th~s mo~tgaqc; and in the event sa.d h10RTGAGORS sha!I .`or any reason fail to k~ep tFe sa~d prem~s,:s so nsured, or fail to de!i~cr pr~n,ptly any of said pot~ties of insurareee to sald MORTGAGEE, or ia~! pron~ptly to E~ay fu~:y any prc~n~~m thcrefo~ or in any r~~spect (ail ro per(orm, disch~rge, e:rcute, eifecl, con~ple~e, co~nply wi~h a~~d abide by th~s coven3^t, or any F;,,~t hareot, s~~d 7.1~Ri;,AGEE may p~ace a•:d pay fw such insur,,nce or any part ~hareof wnhout waiving or affecting any optio~, lien, equ~ty, or ngh~ under o~ b~/ vf~tue ot thfs Mortgage, and the f~i! mnount of each and e.ery wch pay+nenl shall be ~mmediately dur and payable and shal! bear int~r~•st from the date th~reof un~il p.,id at tfie ra~e ol i+~ne p<r centum pe~ ann~m and to~ether ~~ieh suth intarest shai~ !~e secured by 16e I~en Of this mortgage. 4. To permit, commit or sufler no w~ste, impai~ment o~ deterioration of said p~operty or any pa~l thereof. 5. To pay a~l and s~ngular the costs, ctwrges ar.d expenses, induding a reasonable artorney's (ee and cosrs of abst~acts of t~tie, incwred o~ pa~d at • .+n: tin:e by s:~d h±ORTGAG~E, bewune or in ihe event of ihe fa;Iure on the pon of fhe said h10RiGAGOR to duly, pro:i~ptly and fu1ly perform, d~scharge. _.rcufe, efiec~ canp:Ete, co~npty wah and ab.de by each and every the slipulatiom, agreern~nts, cond~~io~s, and covenants oi se~d pro~ni;sory note ar.d th~~ ~,orrgage any or e~rher, ar.d sa:d costs, charges and expenses, eath and every, shall be immediately due and payab!e; whether or na there be not~ce d~ ~,~and, attempt to coilect or svit pe~~d~ng; and the fuU amount of each and every such paymen~ shall bea. int.:res~ from the date thereof until pa~d at tlx of n~n~ per cen;um Hrr ~m:~ ~:~d aii sa~d ccs~s, charges ar.d ex;:.:nses irxurred or paid, togethe~ w,th svch interest, shall be secured by the Gan of this ,nortgage. 6. Tha1 (a) in the even? of any breach of this Mortgage or default on tFw part of the MORTGAGOR, or {b) in the rvent any oF sa'd sums of money h~.~~in referred to be om prornptly and f~lly paid wifhin th~rty (30) days neaf airer the same se~~era!ty betwne due and payabJe, w~thout demand or notice, ~r ;c) in tha eveM each and every ~he stipu~at~ons, agreemems, condrt~ons and co~e~a~~ts of sa.d pror.ussory nota a~~d rh,s nwr~gage any ur e~~her a~e not ~uly, pro+nptty and i~Hy performed, d:s:harged, executad, effected, compteted, compl~ed wifh and a6~ded Sy, then in e~~her or any such event the sa;d ag- ~:~~gate sum mentionet} in said prorr~issory i~otr thrn remaining unpaid, with intrre;t atcrued, and a:l mon~~s secured hereJy, shatl beconx due and pay +o.e forthwith, or rhereaftr, at the opr;on of s~id ~110RTGAG~E, as iul~y and comple~e;y as it al! of ~h~ sa~d s~ms of money we~e or~ginaily stlpu:atrd tc be pa:d on wch day, anythir.g in sa d pro:n~zsory note or in this I'dortgage ro the contrary not,~irhstand,ng; and thereupon or thereafter at the opt.on of s.+.d MORTGAGEE, wrthout not~te or demand, su~t at law or in equity, therefore or thereafter L~gun, enay be prosrcuted as if all moneys sec~red hereby n_d mdtured p~~w to ~ls institution. 7. That in the event that at the begin~~ng of or at any time pendino any su~t upon this Mortgage, or to foreclose it, w ta reform it, or fo enforce ,.~rme~t of any cl,,lms he•eunder, said h1CRTGAGEE sha{i apply to the Court having ~ur~sd:tlion fhereot for fhe appointment Of a Receiver, such Court shall r~. ~hwiih appoint a rece~v~r of said morrgay<d proFerty aIl and s~ngutar, inc;ud~ng ail artd smgv~ar the income, proLts, issues a~d revenues trom wh~taver :-ce derived, each and every of wi~.ch, it bei~g expressly undentood, is F.er~by mortgaged as ~t spe~~}icai:y set forth and descr~bad in the granting and ~ ~~endum cln~ses hereof, and such Receiver shal! have all the broad and effeaive funct.ons and po.vers in anyw~se emrusted by a Court ro a Recriver. a~:d ;h appaintment shall bc made by such Co~rt as an ad:nitted equity and a matter of absoiute right to sa+d MORIGAGEE, ond without referentc to the ' q~acy or inadeq~acy of th~ vaiue of the p.operty mortgaged or to the so~vency o~ inso~vency of said MORiGAGOR or the def~ndants, and th;t such ~•s, prof~ts, inco~ne, issues a~d reven~es s6ail be apptied by such Recciver accord~ng tq the :ien or equity oF ;aid MORTGAGEf a~:d fhe prectice of such Courf. 8_ To duly, prompt;y and f~lty perform, discharge, execute, eifect, complete, comply with and abide by each and every the stiputations, agree~nents, _o~;diteons and covenants in said promissory no!e and this mortgage set forth. 9. That in the event the ow~ership of the mortgaged premises, or any part therecf, becomes vested in a pe~son other than th? MORTGAGOR, the :'^~TGAGEE, i!s successors and ass~gns, may, without no+ice to the RtiORTGAOR, dea~ with such successor or successor in interest with referente to this ~rtgage dnd the d_~~ he+eby sec~red in the same manr,e~ as with ~dortgagor without in any way vit:ating or dStharging Ihe I1lortgagors' lidbility her~ .lcr ar upon the d~'bt hzrrui secured. No saie of the premises hereby mortgaged a~d no fo.bea~ance on the parr of the /JIpR1GAGEE ar its successors - ass~gns and no eatenvon of rhe t~~ne for ihe payment of the debt hereby secured given by Ihe ~110RTGAGEE or its s~ccessors or ass!gns, anall operate ro ~e~ease, d~scharge, mod~fy ~ha~:ge or affect the orig~nal Gau:Gty of the MORTGAGOR here~n, either in whole or in part. 10. It is speuf~ca~ly ag+eed ihat time is of tFe esse~te of this contract and thet no waiver oF any ob~~gat,ort hereunder or of the obligation se- c~-ed hereby shafi at any time tn-_reafier be he!d to be a waiver of the terms hereof or of the instrument sewred herby. 11. In ~;id.tio~ `o the fo~egc~ n9 r. pnth'y payrnents of prinfpa; and ir.terest reyuired by the prom'sicry nore srcured hareb~, mortyagor eOVenanis + ~ agr_es to pay to mortgagee v~:th rach ~ron~h'y pa;~ :ent an odd:rional sum est:rated b~ mortyagee to be equai to i_ 12 of rhe an;i.,al cost of the follow- A-Alf real prope~ry taxas le~ne~ or assess,_,d agai~~st thr above described real es!atz. t B-Pr~n:~ums on f:re and w~ndsTO:~n insvracce as he:ein requ~red to be carried on th~ improvements sit~ate on the above d~scribed premises. C-Premiu:r.s on s~ch mort~ ;ge guaranty ir.svra~,ce as mortgagee shall from nme to time deem f~t to carry on the loan secured h~reby. i Mo~tgagee sha !'-em t~me ro t~me nc!1fy mcngage~ ~n writing ef fhe amou~t due and payable hereu~drr and such surn sha;l thereupon be due and - :c:b!e on th~ ci~e da*e oi iha n~•xt month.~ pay~.;ent and each successive month thereafta. vr.eit mcrtgagee sha!1 notify mortgagor of a change in such ,,,nt. $uch s~~ns sh.~.i te a~f::ied by mart~ag~_e ro+.ard the payment of real p.openy taxes, insuraice prem:ums, a:id mortgage guaranty insurante , _:.~,{ums. IN \'11TNE5$ :'iHER~OF, the sa~d N10RTGAGOR has here~~to set his hand and seal the day and y first aforesaid. Signed, Sealed and oeiive~ed in the presence of: ' _~r.r_i~,~~L i ~ _ ~J Q-,-+~ ? ~2 ~ 1 SOI1 . (Sea!) - - ' (Seal) w''~' ' a? ne L. Madison a~~ - - tSeap S'~TE OF jjilA01S i, /~.'f ~ S5. ~:~UNTY OF (i~•• _ ~ Before me personally appeared LAU1C C. Madleen and _ Blaine 1.• ~d150A _ his wife, to me well known and known to me to be individuals desu~bed in and who exetufed the foregoing instrument, and acknow{edged before me ihat they exewted the same for the purposes rherein expressed. And the said Blai[l~ L. Madison r..Fe of the said _ i+01115 C• Madison ~ a separate and private ~~~-n~nation by me ~ake+~ separate and apart from her said husbarsd, acknowledged to and before me that she execused said instrument freeiy and votuo- ~_•~:y and ~:~thout any compu!sion, consrraint, appreheJns~, w fear of or from her said husband. WITNESS my hand and official seal this- ' day of , A. D. 19 72 ' Notary Public in and ior the Stat qf` t Large • Retum To- ~ - My Comm~ssion expires: ~ ~ ~+13n~~s first Federal Savings.~{,.loa~ Associel{po • /~i ~ ~ Of.foft~Pi~e.~ " ~ Fort P~!! ~~id~`~ ~N . ~ ,`t ' `U ' • .U: r Tgis ~st~y ment°Pi .~~~8 J. H. Roberts Jr . fI~EO A1i0 kE;,ORDED ~ Y • ST. LU~iE COUHTI' FtA. First Fedet~J'•Sa~S~ ~n Association ROi.Eh Pa~TRAS - • . ~~o~~~ort ~erce~ `Rlorida CIERK C:r:CUtT COURT ~ . RECORD vE~tFtEb~..,~,~ Checked By_ • ~r_ _ p ~ ~ BoaK~$ ~t~ No~ 9 8 32 AN 71 - 241~2'7 _ _ _ ~ , ~ ^ ~ ~ ~s ~ :