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Home My WebLink About1196 3. To place and co~i~nuousty leep on ti~e bui'di~igs now o~ hereafte~ snuate on said tand and on ali equipmzM ~nd perSOnally covered by Ih~s murtg- ege, wnh all premiwns thrreon pa~d in full, f~ra ins~rance ~n ine ur~at s+a~xlard pol~cy form, in a wm approved by ihr MOR~GAGEE, and windsroun ~nsurance in the usual s+anJa~d poLcy 1onn, in a wm approvrd by the MORivAGEE, in tuch company or companles as the A10RTGAGfE may d~rec~; and sll (ire and windstorm insurance policiet o~ any oi sa~d build~r+gs, ~ny infe~eat Iherein or pa~t lhereof, in the aggre9st@ su~n aloreiaid or in excess thereof, shall comain the uwal standard mo~tg~gz~ ciause o+ such o+her da~se as ~he Mortgagee may reqwre, ma?fng t~~a ~oss ~ndr? s.~~d pol~ cies, each and every, payab:e to said A10R1GAGEE a~ ~ts +nte~esl may appear, and each and e~ery such po:icy sh~ll be p~omptiy ass gned and de~~vr«d w any held by sa~d A10RTGAGEE as tur?he~ srcurity to sa~d mor~gage debt, and, not tess ~hae ren (10) days in adva»ce of the exp~ra~~o~ of each poGcy, ~o dr Gver to said MORTG~GfE a renew-al the~eof, toge~her wi~h a rece~pt for the prem~um of such renewa~; and ~hr:e s~wll be no ~~~e or w~nds~o~m insurance p~ated on any of sa~d buitd~ngs, any interest therein w part thcreo(, unless in the fo~m ai~d wiih the toss payable as aloresaid; a~d in the event any sum of rr,pney becomef payable under s~ch policy a policies said MORTGAGEE shaU have the option Io receive and apply the same on account of fhe indrbt~d- ness secu~ed hereby o~ to perrn~t said MORTGAGORS to rece~ve and use it w any part the:cof for o:i,.•r purF osrs, c.~~h,~t th or .v~~.i ~3 or v~~p,~.- ing any equ~ty, lien or r~ght unde~ or by virtue of tAis mor:gage; and in the event sa:d MORTGAGORS shatt 4w any reason (ail to krep the said premis:s so ~ns~red, w fail to deGve~ prompNy any of said pol~cies of insurance to sa~d MORTGAGFE, or fail promptly to pay fuUy any pie~nium ther~ior o~ in any resprct fail to pe~(orm, discharge, execute, ef(ect, complete, c~mply with and abide by this covenaN, o~ any part hereof, s~~d MGRTGAGEE may place a~:d pay for such insurante or any part thereof withouf waiving pr affetting any option, lien, equity, oa right under or 6y vir~ue oi this Ato~tgage, and the full amoun~ of each a~d every such payment shall be ~mmediately due and payable and shall bear interest from the da~e thereof u~vii pa~d at ~he raie of n~ne per centum per annum and to3rther with suth i~terest shail be ucured by the lien of this mortgage. I. ?o permit, commit o~ sufier no waste, impairment or deterioration oi said property o~ any part thereof. S. To pay all and singular the costs, cha~ges and expenses, ~nduding a reasonable attorney's fee an~ cos~s of abstracts of tiNe, incurr~ or pa~d at ~ny ti~ne by s~id MORTGAG:E, because ot in the evero oi the fa~lure on ~he part of the said MORiGAGOR to duly, pra.~pHy and fully parform, d~scharge e¦ecute, effect, comp!ete, comply w~th a~d ab:de by each and every the stipula~~o~s, agreements, conditions, and covenaros of sa~d promissory note and this mortgage any or e~ther, and sa~d cosrs, charges and expenses, each and every, shatl be immediately due and payable; wheiher or not there be ~ot~ce dz mand, afternpt to coliec~ or svit pend~ng; a~d the fu:l amount of each and e~ery such payment shafl bea. interest from the date thereof until paid at the ~~~e o; ~u~e per c~ntwn per an~w~r and all said costs, charges and expenses incurred or paid, together w~th such interest, ahall be aecured by the lien of th~~ mortgsge. 6. That (a) in the event of any breach of Ihis Mortgage or default o~ the part of the MORTGAGOR, or ~b) in the event sny of sa:d sums of money herein refe~red to be not p-omptly and fu~ly paid wiihin thhty (30) days nex~ aiter the same severatty become d~e and payab!e, with.~ut den,and o: notice, cr in tAt event rach and every the stip~;ai~ons, agreements, condnio~s and covenams of sa d promiswry note and fh:s mongage any or either are not ~uly, promptly and fuNy performed, d,scharged, executed, effected, completed, comp6ed with anc! ab~drd 5y, the~ in e~ther or any auch event the sa~d ag ~r~~gate sum meroioned in said promissory note then ~ema~ning unpa'rd, wirh interest accrued, and atl moneys sec~red hereby, shall become due and pay- ac'e forthwith, or thereafter, at the oprion of said MORiGAGEE, as fully and comp:etely as il all of the sa~d wms of money were orginally st~pu:ated to be pa:d on such day, anything in sa;d pro:n~ssory ~ote or in ~his Mortgage to the cont~ary notwirhstan~ing; and rheraupon or thereafter at the opiion of sa.d MORTGAGEE, wirhout not~ce or demand, suit at law w in equity, therefore or thereafter beyun, may be prosecuted as it all moneys set~red hereby n~d maturcd pnot to rts institunon. - 7_ That in the event that at the beyinn~ng of w at any time pe~dir,g any suit upon this Mortgaqe, or to foreclase it, or to ~eform if, or to enforce payment of any cla;ms hereunder, sa;d MORTGAGEE shatl app0y to the Court having jur~sd;c~ion thereof for Ihe appo~nn~,em of a Receiver, such Court shall f;,rthwith appcint a rece~ver of said mortgaged property a!I and singuiar, includ~~g atl and singular the irtco~»e, prol~is, issues ar.d revenues irom whatever source derfved, each and every of whEch, it be~ng express+y undersrood, is hereby moitgaged as ~f speufically set forth and described in the g~anting and h~bendum dauses hereof, and such Receiver shai{ hare all the broad and effecrive funct~ons and powers in anywne entrusted by a Court to a Receiver, and s~;h appointme~~t shatl be made by such Coun as an adnittrd equity and a matter of absotute right ro said MORTGAvEE, and witho~? ~eference to fhe ad_quacy w inadequaty of the vafue of Ihe property martgaged or fo the soivency or ~nsolvency of seEd MORTGAGOR w ihe de!endams, and that svch r~••~rs, profits, income, issues and revenues shal~ be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and luSly perfo~m, dischnrge, execute, effect, complete, comply w~th and abide by each and every the stipuiations, agreements, ! condit~ons and covenams in sa~d promissory ~ote and this mortgage set fath. 9. ihat in 1he eveM the owRe~ship of the mortgaged premises, or any part the~eof, becomes vested in a pe~son other than the MORTGAGOR, the :'.~RTGAGEE, its successors and assigns, ~iaY, wi~haut norice to the MORTGApR, deal w~th such successor or successor in interest w~~h reference to this ,-o:tgage and the debt hereby secured in the same manner as with ~Aortgago~ without in any way vinating or d~xharging ~he f~ortgagors' liability F~re- :;~:der or vpon the debt hereby sec~rzd. f3o sate of the Fremises hereby mo~tqaged ar.d no forbearance o~ the part of ~he MORTGAGEE or its successws or assegns and no extens~o~ of ihe t~me fo~ the payment of the debf hereby secured qiven by the MORTGAGEE or ~ts successas or ass:gns, a~iall operate. ro release, d+scharge, modify change or affect Ihe original liabil~ty of the MORTGAGOR herein, either in whole or in pa~L ~ 10. It is spec~ficaity aoreed that time ~s ot the essence of this contract and tfiat no waiver of any obl~gat~on hereunder or of the obligarion se- c~red hereby sha:1 at any time thereafter be h•=id to be a wa+ver of the terms hereof or of the instrument secured herby. 11. In add.tio~ to the forego'~u~ month!y paym~nts of print pal and interest required by the prom~ssory note secured htreby, mortgagar covenants and agrees to pay to mortgagee wi~h each monthiy pay~ ;ent an add:~ional sum esun:ated by mortgagee ro be equai to 1, i2 of the annuat cost of the fotlow- ~~~q: A-All real property taxes levied or assessed ag~i~,st thc abave descr;5ed real estate_ B-Frcrr.iums on fire and windsrorm insurar.ce as here~n requ~red to be cairicd on the improveme~ts s~tuate oo the above desc:ibed premises. C-Prem~ums on such mortg;ge guaranty ir.surar,ce as morfgagee sha{I from rime to time deem fit to carry on the loan secured hereby. Mortgagee sfia!( from time to time nority mo~tgagor in writ~ng of the amount d~e and payable hereundei and such sum shall thereupon be due and .>rable o~ the due date of the neMt month:y payment and each successive month !nereafter ur.til morigagee shall not~fy mortgagor of a change in such a-•ount. $uch su:rs sF.ali be appiied by mortgagee toward the payment of real property taxes, inwrance prem:ums, and mortgage guaranty insurance p~eniiums. IN Y1ITNESS ' EOF, t e sa~d M RTGAGOR has hereunto ses his har.d and seal the day and year firsl aforesaid. S~gned Seal an deli in the esence of: . ~ > J~ re , tgg 1 a~ - , (Seal) _ (Seal) _ G lady ~ . 4dlgg 5.~~ ~ (~a1) SiATE OF FLOR{DA d ~ ~ ~C'..UPlTY OF St _ Lt1C1 Q ~ Before me personatly appeared Fred R. Wiggins, JZ. and ` Gladvs T. Wi ins ooiw~ ro me +o b~ ' q~ his wife, to me well known and k ~ tne individuafs described in and who executed the fo~egoing instrument, artd acknowle ed before me that the executed the aatwQ,fOr:~p{~~~ ; i ~ Y 4~~1t11Uilj.}~, r'.:y.:.~~s ; rherein expressed. And rhe :a~d -Gladys .T. ' ~ • : ~ ' ~ .i J . ~ i'.,'. ~ ,•;;fe of in~ said Fred R Wiggins, Jr ~~r~ ~ e.aminat~on by me taken separate and apart from her said husband, xknowiedged to and befwe me that she executed'sa~Td jASi~mjnt tr~e ~ vp~= i +aniy and wehout any compulsion, constrainr, apprehe^ns~qr~ or fear of or fiom her saed husband. ~ ~V ~r=~ ~ ~ f WlTNE55 my hand and offic;a! sea! this__ day of ti~• ~'~,~~Z ' ~ ~F: ~ i ; Notary Public in or lh~ e~~lq~d ~ ' y Commission exp' es: '.!t~ ~ Return To: 3'~x~-....•~~OE : First ioderal Savings 3 loan Association ~ sj(~` ; OF Fprt P.erc?. , ~~Qr~~~~.... fort Pcrce, Flonda i ! EE Fb~ R~COR E ~~~tE a~~`a~, This Instrument Prepared By D. F, Holezger £~F'~K First Federal Savings & loan Association ~f~f p'' YE~' € of Fort Pierce ~ Flozida ~ ~ ~!'T~ E Checked By ~ ~~v 2 Y~ y3 242369 ~ S~OK2O:7 PALF~~e7V , ~ x ~ - - - _ ~ ~ A~ . "~r~ ~ - ~ ~~i, ~ ~ - ~ _ . . _ ~R . _