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Home My WebLink About2520 3. To place and continuo~fly keep on the bui'd~ngs new w heraafter ~i1ua?e on sa~d ~snd and on al; rquipeient and perso+~a~ly covered by thit mo+tg- egs, w~th all prenuums thereon pa,d in fuli, fire insurance ~n the uswi srandud pol~cy form, in • s.,m appro~ad by ~he MOR~GAGEE, and w~ndi~orm ins~rance in the usual standerd pol.cy foim, in a sum approved by the MORTGAGEE, in such company or companies as ~he MORTGAGEE msy d~recr, ~nd a~l fire and w~ndswrm insu~ance pol~des on any of said build~ngs, any inte~ei~ therein or part thereol, in ?he aggrega~e sum atoreia~d o~ in exceu thereof, shall :o~tain the uaual e~a~:da~d mortgagee clause a ~uch othm dauss as Ihe Mo+tgagee may requ~re, maling the Io~s undr? sa~d po~i- ues, each and every, payab!e to sald A10RTGAGEE as its in~eres~ may appea~, and each and every such poi~cy shatl tx promptty ass gned and deliverrd to any held by sa~d A10RiGAGEE as (urther security to sa~d aiortgage deb~, and, no1 leu than ten (101 days in ad~ance of Ihe eap~rat~on of each polity, 1o ds- live~ 1o said MORTGAGEE a renewal thereof, toge~her with a reteipt for ~he premium of such renewal; and ~here shaU be rw f~re o~ wu,ds~o~m inwrance placed on any ot said b~itd~ngs, any interei! thereio or par~ thereof, unless in ~he fo~m and wnh the loss payab:e as aforesaid; and in the eveM any sum of money becomes payable undrr such policy w poGc~es seid MORiGAGEE ahall have the opt~on to receive a~ed app:y the same on account of the indeotrd- ness sewred hereby or to pe~mit sn~d IAORTGAGORS to receive ar+d use it w any pa,t thereoi fo~ osn~•r ~:wpo:es. .v~~nv~r ~h: u~ wa~~~.~g cr ~mpa~.- ing any equ~ty, lien o~ r~ght undrr a by virtue of this mo:`gaga; snd in lhe event ta:d MORTGAGOR$ ihall fa any reason fail to kaep ~he said p~emis:s so insured, or (ail to deliver promptly any of said polK~es Of insurante to said MORTGAGEE, ot fai~ p~omptly to pay fuily any premium therefor or in a~y rospect (ail ~o pe~fwm, d~scharge, execure, effect, canplete, comply with and abids by this cove~an~, w any part hareof, said MGRTGAGEE may p~ace and pay for such insurance or any part ~hrreof w~ihou~ wai~ing or affecting any option, lien, equ~ry, or righ~ unde~ w by virtue oi ~h~s Mortgage, and the iull amount of each and every such payment shall be immed~ately due a~d payable and shall bear inte~est from tha date thereof un~il paid at the rate ol n~ne pe~ centum per annum and to~rth~•r with Suth interest 1ha11 tx secvred by ~he lien of this mo?t9age. 4. To permit, commil or suf(er no wasfe, impairment or deterioration of said prope?ty w any part thereof. 5. To pay al! and sing~tar tne costs, charges and expertses, including a reasonable attorneY's fee and costs of abstracts of title, incurred or paid at any time by sa~d MORIGAG:E, because w in ~he eveni of the failure on ~he part of the said ML)RTGAGOR to d~ly, promprly and fully perfwm, d~scharge. :xecure, effect, comple~e, comply w~th and a6:de by each and e~ery the stipulat~ons, agreementa, tonditions, and covenants oi sa~d promissory note and thii .,,orrgage any or eithe~, and sa:d cosrs, charges and expenses, ~ach and every, shall be immediately due and payable; whe~her or nof thare be not~ce dr mand, attempt to colleci or svit pendmg; and ihe tul! amouM of each and every svch payment shall bear inferes~ from ~he date thereot unril paid at the r,~re o~ ~~ine pe~ crntum p~~r a~u~~:n; and all said cosfs, charges and expenses inc~rred a pa~d, together wnh such iroe+ast, shall be secured by the lien oi th~s mortgage. 6. Tha~ (a) in the event of any breach of this Mo~tgage or default on the part of ~he MORiGAGOR, or (b) in the event any of uFd s~ms of money herein referred to be not promprly and fully paid within thuty (30) days next afte~ the same severatly beco.ne due and payable, without demand or notice, or (c) in the event each and eve~y the stipulations, agrtemeros, cond~tions and covenants ot sa.d promissory note and th~s nw~tgage any or e~ther are nol iuty, promptly and fuily performcd, d.s:harged, executed, effected, compteted, complied with and ahided by, then in e~ther w a~y such event the sa~d a¢ gregate sum me~~ioned in said pron,~ssory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- able forth.vith, or thereafter, at the oprion oi said MORTGAGEE, as futly and complerely as if all of th~ sa~d sums af money were w~ginetly st~pulated ro be pa~d on such d~y, anything in sa:d promissory note o. in this Matgage to ~he contrary notwithstanding; and the~eupon or thereafter at the op~~on of sa;d MORTGAGEE, w~thout not~ce o~ demand, su~t at law w in eq~ity, therefore or thereaiter begun, may bt prosecuted as if al) moneys secured hereby h:;d matured pnor to us ins~itut~on. 7. That in the event that at the beginning of w at any time pending any suit upon this Mwtgage, a to foreclose it, or to reform it, or to enfcrce payment of any cfaims he~eunder, said MORTGAGEE shall apply to the Court having jurisd~ct~on thereof for the appoirttment oi a Receiver, such Courl shall for!hwi~h appo~nt a rece+ver of said mortgaged property all and singular, indud~ng ail and singulsr the income, profits, issues and revenues from whatever so~rce derived, each and every of wh~ch, 1t being expressly unde~stood, is he~eby moregaged as if spec;ficaity set ioith and dewibed ~n 1he granting and habendum clauses hereof, and s~ch Receive~ shali have ail the broad and effective iunct~ons and powers in artywise ent~usted by a Coyrt,to a Recaive~, and s_ch appoinfine~it shatl be made by such Court as an admitted equity and a mauer of absolute right to sa:d jNORiGAGEE, aiia without reference to the adeq~acy w inadrquacy of the value of the property mortgaged or to the so;vency or insotvency of sa~, MORiGAGOR o~ the defendants, and that such renrs, profits, incane, issues and revenues shalt be applied by such Receiver accwd~ng ta the lien w equity of said MORTGAGEE and the practice of suth Courf. 8. To duly, promptly and fully perform, discharge, execute, eifect, complete, comply with and abide by each and every the stipuiations, agreemenis, conditions and covenants in sa~d promisswy note and this mortgage set forth. 9. That in the event the ow~ership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :•.ORTGAGEE, its successors and assig~s, may, without notice to the MORTGAOR, deal with such successw or successor in interest wi~h reference to this n onqage and the debt hereby secured in the same manner as w~th Mo~tgagor without in a~y way vitiating a d~uharging the Mortgagors' liabilily he?r ~,rder w upnn the debt hereby sxured. No sa!e of the prem~ses hereby mortgaged and no forbearance o~ the part oi the /110RiGAGEE w its successors or assigns and no eatens+on of the time fw the payment of the oebt hereby secured give~ by the MORTGAGEE or its s~ccessors or assigns, atiall operate to release, d~scnarge, modify change or affect the original liab~lity of the M.ORTGAGOR herein, either in whole w in part. 10_ It is speuficatly agreed that time is of the essence of this contrau and that no waiver of any obiigation hereunder or of the ob~igation se- cured hereby sha~i at any time thrreatter be held lo be a waiver of the terms nereof or ot the instrument secu~ed herby. 11. In add:r,o~ to the torego:r.g rnonthly paymems of princ"pal and interest required by the promtssory nore secured Feereby, mortgagar covenants and agrees ro pay to mo:igagee ~n~~h each monsh;y pay~nem an add~nonal s~m esf~mared by mortgagee to be equal to 1;'12 of the annual cost of th~ follow- ing: A--A~I .eal p.operty taxrs levied or assessed against the a6ove desv~bed real estare. B--Pr~~~~~ums on fire and windstorm insurar.ce as here~n reqv~red to be carried on the improveme~ts s+tuate on the above described premises. C-Prem~ums o~ such mort~age guaranty insura~~ee as mo•tgagee shall from t~me to timc deem lit to carry on the ban sec~red hereby. Mortgagee shail from time to time norify mongagor in writ~rg of the amount d~e and payable hereundrr and such sum shaH thereupon be due and F.eyab~e on the due date of rhe next monthly payment and each successive month tnereaffer ur,til mortgagee shall not:fy morfgagor of a change in svch a•~•ount. S~ch sums sF.ail be app5,d by mo~:gagee toward the paymem of real property taxes, insurance prem:ums, and mortgage guaranty insurance p~~emiums. !N \YITNE55 WH O the d MORTGAGOR has hereunto set his har.d and seal the day and year first aforewid. E igned, Sealed nd d~ver ~ he prex e o(c ~ ` ~ `Y~ Sea~ I ~ _ =-•j_-.I (Ses4 t~' i tne ~~aq • (Sea1) ti~~itness Harel er uson ~TATE OF FIORIDA ~ SS_ ~ COUNTY OF St . L~ ie ~ Before me perwnall~ apFeared J~se= Fp,.,Y(~~~cAn _ and }1aze1 Ferguson his wife, to me well known and known to me to be the individuals desc+ibed in and who exewted tF~e fuegoing instrumem, and atknowledged before me that they executed the same for the purposes ~ rherein expres:ed_ And the said Hazel Ferguson ti ~ wlfe of'the sa~d Tose~h Ferc~uson uporA~i,~f~raTdi?kl~psFvats ~ exam~nation by me taken separate and apart from her ssid husband, atknowledged to and before me that she ezetuted said instru+neqfreely aAd.v6lun- +erily and w~thout any compulsion, constraint, apprehe s or fesr of w fr her id husband. ~ti = ~ WITNESS my hand and offic;al seal thiL_ ~ day of ecember -a o: i9'~` 72 ~ ~ , ~ ~ ' . f~ Notary Public in or the 1Ster fiorida sf ,ge.•' ' My c«~,m~u~ ~x 3~~~•~',r. _ . ^ ` f;: ~ Retum To: " ~ . ~ first Federal Savings 3 loan Association J T'~' ~ . Of Fort P[erce. ~ ior; P~erce, florida ~ j}~~~ +3~~~.1~~~ ~ ~~t~c'E, ~?L~ysu'. ~ ~c~ z: . ~ a~RK ~:.C~11T COi1RT This Instrument Prepared By Gary F. Ell~?ood Y`'~~~f~ ~ First Federal Savings 8 Loan Association ~ 1 3 ss eN ~ of Fort Pierce ~ F lor ida Checked By C~- 243u"8 ~ . ~ ~ ao~r ~O8 PacE25ZQ ~ _ ~ ~ ~ - - - ~ ~ = ~ ~ --~~~~,c, ~ ~ ~ a . ~ ~ - ~ t - ~ : . _ . -