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Home My WebLink About4979 • 3. To place and cont~nuously keep on the bui:d~ngs now or hereafter s~tuate on ~aid ~and and on aC equfpm~nt a~d personally covered by th~s rnortg• ege, w~th all prem~ums ~hereon pa:d in futl, fire inwrance in the usuai st.~ndard pol~cy ~orm, in a sum aFpro.ed by tht MOR~I~AUGt, and w~ndzto~m ~nsurance in the usual s~andard po:•cy ~o~m, ~n a svm approved by ~he MORiGAGEE, in wch company o~ companiea as the A10RTGAGEE may d~rect; and all (ire and w~ndsturm insu:ance po:~c~es on any of sa~d bu~Id.ngs, any interest the~rin or parf thtreof, in the jgg~rga~r sum aforesa~d ar in excess the~eof, sha0 cunrain the usual sta~~d~rd mo:tgagee uausa or such other ctause as the /dortgayee may requ.re, making ~hr ~uss under sa~d poli- c;es, each and every, payab:e ~o said AIJRTGAGEE as ~ts inter~~st mey appear, and each and every such po:~c~ shott ue promptty ass gncd a»d d~5.er~d ro eny held by sa~d MORiGAGEE as i~riher security to sald mo~~ga~e dabt, and, not leu than len (i0! days in advance of thN exp~~anon of each Qoi~cy, to de- Irve~ to sa~d MORTGAGEE a renewal thereof, toge~her with a rete~pt for the premium of such renewal; a~~d th~re shai{ be no f~re or w~~~dsro~m insvrance placed on any o( sa+d build~ngs, any imerest there~n w part thereof, unless in the form and wi~h the ~oss payab!e as aforesaid; and in the eveM any sum of money becomes payab:e under wch polity w poGcies said MORTGAGEE shall have the op~~on ~o recei~e and appiy ~he sa~~~e on accou~~t of the i~d~o<<•d- neas s-cured hrreby or ro permit sa~d MORTGAGORS to recaive and use it or any pa~t the~eof tor o:n~•~ F.ur;;~srs, c.;+ho,.t ~h u; ~~+~p~~'- iny any equ~ty, iien o~ r~ght u~der or by virtue of this mor'gage; and in the event s~:d MORTGAGORS sha!1 for any rcason fail to keep the sa~d prem~s~s so •.~~1 ~u~~ .!~~,~•e. +~~y ni .•~~1 nl lntura..rP tn sa':d MORTGAGEE. or fas! promptiy to RaY +u:ly any pre~~~~~~n there~o~ ot ~n any resped tail ro perform, d~scharge, execute, e~fed, complete, co~nply wiih arxl abide by this cove~ant, or any part hareof, sa~d MORIGAGEE ~nay piace a~~o pay for such insurance or any par~ thereof w~thout waiving w affeding any opt~on, lien, equ~ty, or r~gh~ under or by virrue of th~s Moiigage, and the fuN amount of eath and every such pay~nent shall be ~mmediately due and payable and shall bear interest from tho date thereof until paid at the rate ol nin~ per centum per aanvm and to~ether with such interesr shali be sac~red by the tien of lhis mortgage. d. To permit, commit or suiter no waste, impairment or detcrioration of said property or any patl thrreof. 5. To psy al~ and singular the costs, charges and expense:, including a ~easonabte atto~ney's fee a~d costs ef abstracts of t~tle, inc~rred or paid at any time by s~~d MORIGAG:E, because w in tF.e event of the iailure on the part of the said MORiGAGOR to duly, p~ompHy and fully perform, d~scharge. ,xecute, effeu, comptete, compfy w~th and ab:de by each and every the st~pu!ations, agreements, cond~t~ons, and covenanrs of said pro~ni~sory note and th~s a,orrgage any o~ either, and sa:d cosrs, charqes and expenses, each and every, shall be immediately due and payabte; wh~•rher o? not thare be nonce da n,and, atte~npt Io col:ect or suit pend~ng; and the full a,ount of each and every such paymen~ shall bea~ inrerest from ~he dare thereof u~ril paid at Ihe -_~te o~ ~une per cenr~m per ann~:n; a:~d aii said covs, charges and ea,xnses ~rxurred or pa~d, tog~ther w~th such interest, shall be secured by the lien of th~f mortgage. b. That (a) in the event of any 6reach of this Ma~tgage or detault on tlse part af the MORTGAGOR, or (b) in the event any of sa'd s~ms of money herein referred to be not prompt~y and fully paid w~thin th~rty (30) days next airer the same severatly become due and payabte, wi~hou~ demand or nonce, o~ (c) in the event each and every ~he stipulario~s, a9reements, condrtions and covenants of 'sa.d prornissory note and th~s mortgage any or e~~her aro not iuly, promptly and fu!!y performed, d:scharged, exew~ed, eSfected, completed, compi~ed wirh and a6ided 5y, then in e~~her or any such event the sa~d ag- ~regate sum mentio~ed in said p~omissory note then remaining unpa~d, with inTeresi accrued, and a!! monrys secured hereby, shatl become due and pay ao'e forthwith, or thereafter, at the opt~on of sa~d MORiGAGEE, as fuily and completely as if all of the sa+d sums of muney wer! or~ginally st~putated to be paid on such day, anything in sa.d promissory note or in this Mortgage to the comrary notwithstanding; and the~eupon or thereaf!er a~ the opuon of :i .u ?,e eti. sa,~] MVKIIaAt~tt, witiloul norKe or Uemano. suil at iew o~ in ryu~iy, ii~e~riv~c al~ ii~c~coiici Gcy...-., ~ Y:~rv`~:`~ nsd matured pnor to ns instit~non. 7. That in tF,e event that at the beginning of or at any time pending any sv~t upon this Mortgage, or to foreclose it, or to ~eform it, or to enforce Fayment of any c!aims hereunder, sa~d ;~10RTGAGEE sha!1 oppiy to the Cou.t hav~ng ~unsd~c~~on thereof fo~ the appo~~t~nem of a Rece~ver, such Co~~t shail rorrhwith appo~nt a receiver of said mo~tgaged property a~i and singular, includ;ng ail and singular the ~ncome, p:ohts, issues and revenues fiom whatever s~ ~rce derived, eath and every of wh;ch, it be~ng expressly undersrood, is hereby morrgagrd as if spec~(~calSy set forrh a~d described in the g~anting and h~bendvm clauses hereof, and such Receiver shall have ati the bruad and effecrire funa~ons and p~,ers in anyw~se e~trusted by a Court to a Receiver, ano s.ch appointment shall be made by such Court as an admftted equity and a maner of abiolu~e ngM to said MORTGAGEE, and wrthout refere~;ce to the n~aq~acy or inadequacy of the value of the prope~ty mo~tgaged or to rhe so~vency er inso~vency of sa~d MOR~GAGQR or the defendants, and tnat s~ch ~•,•s, profas, income, issues and revenues shall be app~ied by such Recerve~ accord~nq to the lien or eq~ity of sa~d MORTGAGfE and the pracnce of such Court. 8. To duly, promptiy and fully perform, d~scharge, execute, effect, complere, comNly w;th and abide by eacA and every the stipufations, agreements, conditions and cover.anrs ~n sa~d prom~ssory rtote and thfs mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the :'JRTGAGEE, its successors and ass~gns, may, w~~hout no~~ce to the ktORIGAOR, deai wi~h such wccessor or successor ~n interest ~vith reference to th~s e o•~gage and the d=bt hereby secured in the same manner as with Mortgagor w~thout in any way vihating or d~scharg~ng the Ntortgagori liability here- ~rder or upon the drbt hereby sec~red. t.lo sale oi the prem~ses hereby mortgaged and no forbearance on the pan oF the MORiGAGEE or its successors cr ass~g~s and no extension of the t~me for the payment of the debt hereby sec~red given by the MORTGAGEE Or its suctessors or assigns, a:iall operate ~o re~ease, d~scharge, mod~fy change or affect the ong~nal liab~l~ty of the MO4TGAGOR herein, either in whoie or in part. 10. It is spec~fically a9~eed ~hat time is uf the essence of this contracr and that no waiver of any obf[ganon hereunder or of the obligation se- cured hereby shali a~ any time thereafter be F.eld to be a wa~+er of the terms hereof w of the instrument secured herby. 11. In aod.t:o.~ +o the fcrego'ng month!y paym^nts of princ pal and interesT requ~red by the prom;sscry nore secured herrby, mo;tgagor tovenants a~.d agrees to ,~ay to n:o-tg3gee vcilh each r.~on+h y pay~.~ent an adti ~io:ia! sum est:n ared by mortyagee to be eq~~i to 1, 12 of t6e artnual cost of the foliow- ' ,.3. A--AiI reai prope~ty taxas le~i~e~ or 255°55_C ag3i•ist rhe aFove desc.~brd re-ai esrate. ~ E--Fr~•rr.~~rns on Gre and w~r.dsro•m ~nsvrance as i,ere+n re"qu;red to b~ ca~ri~-d en the ;mproveme~ts s:t~ate on thc above d=sv;bed premises. ~ C-Prem~ums o~~ such mort~:;ge g~a~anty ir.wrar~ce as mo•tga^yne sha;t fro~r. t~,me ro time deem fit to carry on the loan sec~red hereby_ E ~ hlo~tgagee sha:~ !rom ttme to tune ncei~y mortgagor ~r, wr;ung of the ar-~ou~t d~e and paya6le hereundrr and such sum sha;l th~reupon be due and ! c~~able on thr due date of the ne,et month:y payment and each successive month thereaft~r uctil mortgagee shalt not[fy mortgagor of a change in svth t ,-.ount. Such s~ms sFail t~e epp!~ed by mortgagee to~~ard the payment cf rea! proparty taxes, inwrance prem,ums, and mortgage guaranty insurence ~ r~•emiums. ~ IN Y117NESS L•JHEREOF, the sa~d h10RTGAGOR has hereunto set his hand and seat the day and ~ atoresaid. p Signed, Sealed and delivered in the presence of: (Sesl) ~ 7 ' ~ Gr/ al) ~ ~ / (Seaq ~ {$eal) ~ S'.ATE OF FLORIDA ~ ~t. I.ucie ~ u- ~ '.JUNTY OF 1 ~ Befwe me personaliy appeared Franklin T,~ n8WSOI1 and ~ Arabelle P. Da~rson his w~fe, to me well known and known to me to be ~ the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes ~ Arabelle Dawson th~•ein expressed. And the said- ~ 1: te of the sa~a _ Franklin L. PaH30II , upon a sepsr~te and private :,am~nat~on by me takan separate and apart from her said husband, acknowledged to and before me that she executed said instrurr~nt ~ely_and votun- _~~~y and w~thout any compu!sion, constraint, appre ns,on, or fear of or from he said h oar.d. << 1t~ I/j ` ~ ecem"~er - ~ 72 WITNESS my hand and offic~al seal ihis____ _ day of~ ' 9 , ts ~ ' ~ ` ~ _ ~ otary Public in and fw the ~W `•e'_ . +J y Comm~ssion expires: , • - _ Return to: l~ ~ ~ ~ ~ - ~ ' - First Federal Savings 3 loan Associat.on ~1~~~'Z ; i ~ . ;1 • ~I ~ ' O. Fcrr P crc~. T'.~. ; p r`' F,,, F~_rcc. F,~~,~j fILEO AMU REC0RpED ST. LUCiF COUNTr FIA. '~=,,~0~~~ : ROGiR FOtTRAS t`' - CIERR C+'tCUIT COUIIT ' s~~• This Instrument Prepared By John W. Collins RECOP.~ YER;~IED...~..~ First Federal Savin s& Loan Association 1 9 J~ ~I I 4o PN ~3 ~ of Fort Pierce ~ Florida _~~.~~L ~ - Checked Bv ~ a~209 ~19?2 K 'f ~sJ ~ _'x -a~4' . 3 > .a_ .-a`~ ~.fiY.~._« . _ . . . . ~ ~ -2 y.._. ~