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Home My WebLink About3493 3. To place and cont~nuo~sly iceep on the bui'd~~:gs now or he~rafter s~tuate on sald tand and on a~i equ7pmeni and penonalfy cavered by ~h~ti mortg• age, w+th aU prem~~•ns ~hereon pa.d ~n 1utl, t~re ~nsvrar:ce ~n ~he usvjl s~ar.~Jard pol~cy (orm, in a su~n approved by the MORiG:+GEE~ and w~~ds+orm ~nsurance in the usual standard po'..cy foi~n, in a sum approved by the h10R~GAGEE, in such company or companies as the MORTGAGEE may direU; and all fire and w~ndsrorm insurance pot~c~e~ on any of sa;d buiidngs, any imerest therein or Fart thereof, in the aggregate sum aforesaid or in eacess ~hereof, shall coniain ihe usual sfa~~dard mor~gagee dause or wch o~he~ cia~se as the Mortga~ee may reqwre, n~e?~ng ~he ioss unde~ sa~d poli- c~es, each and every, pay;b'e to sa~d h10RiGAGEE as ~rs mier.st may appear, and each and every such pc~+cy ~ha!t be promp~ty ass y~~ed arul da:~varcd to nny held by sa~d htOR1vAG~E as fwrher sec~rity to said mortgage deb~, and, not fau ~han ten (10) daya in ad~ance o( ~he exp~ra~~o~ of ~ach poGCy, to do- Irve? fo sa~d MORfGAGEE a renrwal thereof, togerher with a rece~pt fw the premi~m of such renewal; and there shml be no i~re o~ w~~~dsrorm in=urance placed on any o~ sa~d b~~idings, any i~te~tst therein or part thercof, uniess in the form and wnh the lois paya6le as aforeaaid; a~d in the e~em any sum oS money becomes pa~rable under wth po:icy or poGues sj~d MORTGAGEE ah~ll have rhe opt~on ro ret~ive and apply the same o~ accoun~ of the indcotrd- ness secured harrby o? to perm~t aa~d MORTGAGORS ro receiva and use it or any parr ~he:euf to~ eri~~ r Hu~~ J5r5, s:.T~v~~f ih:•~ ur .v,.., o~ ~~~~p.,ir- ~n9 a~y equ~ty, Iien o~ ri~ht under or by virtue of this morsgage; and in thr even~ sa:d MOR~GAGORS sha!I for any reason (ail to krep the sa~d prcmis=~ so :nsured, or faJ ro deiive~ promplly any of said pol:cies of inturance to sa~d hlOR1GAGEE, o~ fa~l p;omptly to pay fu~ty any pra~i~wm t}ieretor or irt a~~y respett fai! to perform, d+scharge, e~ecute, effect, canplete, comp~y wirh and ab~de by this covenant, or any pa~~ hrreoi, sald MORTGAGEE may piace a~~o pay for such insurance or any part thereof wiihout waiving w afFe:~ing any optio~, lien, equ~ty, or ~igh~ undrr or by virtue of this Mortgage, and the f;,ll ainoum of each and every such payment shalt be im,ned~ately due and payable and shall bear inreresl from the date thereof uroil pa~d at the rate oi n~ne per ce~tum per a~~num and to3ether ~•ith such imerest shali ~e srwred by the lien of this mortgagr. 4. To permit, commit w su(fer no waste, impairment or detzr~oration of sa~d F~cperty w any part thereof. S. To pay all and singular the costs, charges and expenses, includ+ng a reasonab!e attorney's fee and cost= of absrracts of tit(e, incur~ed or paid at any time by said MORtGAGEE, because o~ in the evenf of tne (~~lure on 1l~+ pd~t of fhe sai~ MQRTGA('iOR to c~~ty, pra~~p~ly and fully perfprm, d~stharge. ~xec~te, effect, compiete, comply wnh and ab:de by each snd every the st~pulanons, agreeme~ts, cond~LOns, and cove~~ants of sa~d prom~swry note and this a•~~a ~?.~•.,es and c¦nenses_ each and everv. shatl be immedia~efy due and payab:e; wherhe. oa not fhe~e be nonce da mand, attempt to co!iep or suit pend~ng; and the iull amo~nt of each and every s~ch payment shai~ bear ~ntares~ rrom me oete yne~rai v~~'s~: ~.3 at :::e •.~ie o~ nine per Cc~ntum p~e~ anuu;n; and ali sa~d costs, chargzs and Expc'I15BS tncurred or paid, together w,th such in~erest, shalf be secured by the iien of th~s rnor~gage. b. That (a) in ~he event of any breach of this Mortgage or default on the part of the MORTGAGOR, or ;b) in the event any of faid sums of money h~rein referred to be not promptly and fully paid within th;rty (3v) days next aiter the same severa:iy become due and payable, without demand or nohte, c~ icj in the event each and every the atip~~atio~s, agreements, conditions and co~enants of sa d prom;ssory note arid th~s mortgage any or either are nol i,,;y, prompdy a~d fut;y perfwmed, d,scharg~d, exec~ted, eifected, compteted, compl;ed w~zh and ab~ded 5y, then in e~ther w any such event the said ag 3~~~9ate sum mentianed in said proq~issory nore then remaining unpa~d, with interest accrued, and atl moneys secwed hereby, sha!! become due and pay- e forthwitA, or ~hereafrer, at the opt~on of sa~d MORIGAGEE, as fully and compteie!y as ii ali of ihe sa~d sums of money were o+~gu,atly supu.ated !o be pa~d on such doy, any~hing in sa:d prom~ssory note o~ in this Mwtqage to the contrary not,~vi~hstandl~ig; and ~hareupo~ or thereafter at the opt~on of s-.d MORTGAGEE, wirhout nor~ce or demand, svit at law or in eqvdy, therefore or lheieafre~ beg~n, may be prosecuted as if all moneys secured hereby nsd matured p~~or ~o ds insutution, ~ 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgaqe, or to foreclose it, or to re(orm il, or to enfor~e payment of any daEms hereunder, said MORiGAGEE shalt apply ro the Gourt having ~w~sd~aion the,eof for the appo~ntmero of a Receiver, such Cowt shali forthwith appo~nt a receiver of said mortgaged property all and singuiar, inclvd•ng aU and singular the income, profns, issues ar.d revenues f~om whatever ze„rce derived, each and every of wh:ch, it being expressly under:tood, i~ her~by mor!gaged as ~f specificalty set fwth and deunbed in the 9ranrinq artd h3bendum clauses hereof, and suth Receiver shall have all the broa~ and efiecnve f~n~t~o~~s and powers in anyw~se entrusted by a Couil to a Receiver, and s_ch appoiromero shal! be made by such Court as an admined equity a~d a matter of absaute righl to said MORiGAGEE, and wi!hoW reference to the a::equucy or inadequacy ot the vatue of the properry martgaged or to the so;vency or mso:vency of sa~d MORTGAGOR a the defendams, and ~hat such r~•~is, profits, income, issues and revenues shall be applied by such Receiver ac=ord~ng to the lien or rquity of said MORTGAGEE and the pracrice of such Covrt. 8. To duty, prompt;y and fut~y perform, discharge, execute, e(iect, comp?ete, comply w~th and abide by each and every the stipulations, agreements, :onditions and covenants .n sa~d pro:nSssory note and this mortgage set forth. 9. That in the event the own~rship of the mortgaged premises, or any p3rt thereof, becomes vested in a per~n other than the MORTGAGOR, the .'pRTGAGEE, its successors and ass~gns, may, wi~hovt notice ro the MORTG~OR, deat r„iih such svccessor or wccessw in interest w~rh releren~e to thi~ ~„•tgage ar.d the deot he~eby secured in the same manner as 'avith Pdortgagor w~thpvt in any way vitiating or d~scharging the Mortgagofs' liability 4~ere- ~;r or upon the deb~ hereb~ secured. No sate of the premises hereby mo~tgaged ar.d no 4orbearance on the part oi the MORiGAGEE or its successors c~ ass~gns and no ex~er•s:on of rhe rime for the payment o{ rhe debr he.eby secured given by tbe IVIORTGAGEE or its successors or au;gns, ahall operete ro re!ease, dscharge, mod~f~ char.ge or affect the o~ig~nal liao~l~ty of the MORTGAGOR herein, either in whole or in part. 10. It is spec~f~calfy agreed that time is of the essence of this contract and that no waiver of any obtigat~on hereunder or of the obligation se- cured hereby sha(i at an~ tin,e thrreafter be he!d to be e wairer oF rhe terms hereof or of the i:~srrument secured herby. 1 T. 1n add.r;o~ to :he fo~eqo:ng rnonth!y paym~ms of pr~::C~af and ;nrerest requ~red by the promisscry no!e sec~red hereby, mortgagor covenaMs d ag~ees to pay to n:o~tgagee with each momh+y paf:nent an add~rional sum est~•r.ated by mortgagee to be equal to 1,'12 of the anr,ua{ cost of the follow- 3: A-Ati real property taxes tev~ed or assessed agat~st rhe abave descrebcd real estare. B-Frc~:~u::~s on f~re and windstorm ~nsu.acce as here~n requ;red to be carricd cn the ~mproveme~ts sttuate on the ebove d=3cribed premises. C-Prem;u~-.s on such morfgage guaranry insurar:ce as mo:sgagee :hall fr~m t r,,e to time deem fit to carry on the ~oan secured hereby. Mortgagee sha!t from time to tirne not~fy mortgagor m writing pf the amo~nt due and payabte hereundrr and suth su~ sAaff thercupon be due artd ;+~,abte on rhe ciue dare of rh~ ne~t month:~ ~dymQnt and each sUCC~•ssive monrh rhereaft~r unTii mortgagee shall notify mortgagor of a change in such , -•.ount. Such sums s~a~l be appiied by mortgag~e foward the payment of rea~ prope:ty taxes, insuran~e prem;ums, ind mortgage guaranty i~surance ; •'emiums. !N .~:7NESS :.'H.REOF, rhe sa~d MORTGAGOR has hereunto set h~s hand and seal the day and year first aforesaid. ~ Si ned, $eated and livered in the presence of: 4 'y;j ~ ~ , i ~ _ C~Yd alls ~a~ ! , t~ ~ ` (Sest) ($eal) ' Marg et J n Walls ~~a~~ ' ST:.TE OF FLORIDA ~ $t . L, l1C 1 @ ~ 55. ~ CJUNTY OF , ~ ! Before me personally appeared Clvde Wa11S and ; ' ` his wii~, to me well known and k~wn to me to be < <!~e ind~viduats described in and who execufed the oregoing instrument, and acknowledged before me t6at they eaecuted the.saTe fw the purposes ' i rh~rein exp~essed. And the said Maraaret .~Oati {11d12S ~ `t, r-~ ~ ~ ; ..;ie of the said _ C'1 y~p !~j~1I e -~D}~~~'YL+p~rate'sqd private examinat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said'init~u~e~t freely art~ volurr ~ rar~ly and w~thoUt any compulsion, censtraint, apprehent~oyi, fear of or fran her said husband. n! - - i WIiNESS my hand and officla( seal this ~~9 i ~ ~f7 day of DeC e _ . ~ . ' • 72 j ` - ~ - ~ ~ ~ - ~ . Norary Public in and for fMe f'k o~ rt~,lai$d ~ My Commission expires:- . j Return To: ~ = first Federal Savings a loan Associat~on ~iQjApY~P~l.i~~.T~/~~ P~ORIDAif LARGE of ~c*r P -ce. ` ~Iy , ;~iR1R~3 ~EPT. 25. 1975 Fc~~ F~.,~ce. Fior~d~ 9onJe0 ~ Ait~entan Bankers lasurance Ca. ~ flt.Eb AMD RECOROEO , ` iT.UiG1E COIiMiY FlA. ROCEp QOITRAS ~ This Instrument Prepared By L. Callahan CLERK CIRCOtT C01lRT IIECORJ YER~FIED ~ First Federal Savings 8 Loan Association of Fort Pier:e Florida ~ ZQ $ S~ ~~7Z , Checked By~~ ~ ~ 2439~3 ) eooK 209 vaCE 488 ~ - = - _ , . ~F~_