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Home My WebLink About0548 3. To p~ate and continuovsly keep o~ fhe buildings now a hereaiter ~itu~le on said land and on all equ~pment and persw~aliy cover~d by this mwfg- ega, w~th all premium~ thereon pa~d in iuil, fire insurance in the usual standard poticy fam, in a iun+ approved by tht MOR~GAGEE, and w~ndsrorm Ensurance in ths usuat teandard policy twm, in • sum approved by th~ MORTGAGEF, in such comp~ny or compan~es as ~hs MORTGAGEE may d~recl; and all fire and windsto~m i~suranc~ poiiciss on ~ny of uid buildinyt. ~ny interest therein w part Ihereoi, in ti+~ ~flgreflste tum afa.esaid w in excess thereof, shall contain the usual itandard mwtgsges clausa or such olha clauis is th~ Mlortgagea may requ~r~, mak+np ~he )o~s under ~a~d polF cies, each and every, payable to said MORTGAGEE ai its in~erc~l may appsa~, and each and avery svch policy shall be promptly a?s.gned and delivered to eny held by said MORTGAGEE as further tecurity to said matpage debt, ~nd, no1 Ieu ~han ten (10) d~ys in advance of the expi.atio~ of each policy, to dr G~rer to iaid MORTGAGEE s renewal thereof, foperhp wirh a~etsipt for the pi~mivm o) such renewa~; and there shatl b~ no fire or wlnds~orm insurance P~aced on any of iaid buildings, any interest ther~in w part 1F+e~eof, unleu in tM form and with tM loss payable as a(wes~~d; and in the eve~1 any tum of money bccomes payable u~der such policy w policiei wid MORTGAGfE shall havs the optan to receive and appl~ the same on accoun~ of the indebted ness secured F?ereby w to pe~mit said MORTGAGORS to reteiva and ust i1 or any parl thereof fo? oihcr purposes, w~~hout thrreo~ wai~i,ig or ~u,pa~r- ~~g any equity. I~en a right under a by virtw of this mo;s9age; ~nd in the eve~t sa~d MORTGAGORS shall fw any reawn fa~t to keep ~he sa~d premises w ;nsurcd, or fail ro detiver P.ort,Pdy any of ~aid policies of insurant~ to sa~d MORTGAGEE, or fail promptly to pay futly any prernium iherefor or in pny respect fail to perfwm, dischargs, execute, eifact, tomplete, comply with and +bide by this covenant, w sny part hereof, said MORTGAGEE may place and pay iw such +r+surance u ~ny parf thereof without waivinp w ~ffeclirq any optan, lien, equity, w riqh~ under o~ by vir?ue oi ~his Mw~gage, and the f~ll amount of each and evtry tuch payment shall be immediately dw and payable ~nd shall bear interesl from ths date thereof until pa~d at the ~ate ol n~ne per centum pe~ an~um and together with such interest shall be secured by ths lien of thii moatpage. 1. To permit, commit or suffer ~o waste, impairment o? dcteraration of said property w any part tt+ereof. 5. To pay ati and singular the c:.sts, chargea and axpenses, including a reasonable anuney's fee snd costs of abstracts of titte, incurred or pa~d a~ any time by sa~d MORTC~AGfE, because or in the event of ths f~+lure on ~he pah of ~he sa~d MCRTGAGOR to duly, promptly and fu11y perform, d~uharge. execute, effed, complete, tomply with and ab:de by each ~nd every the stipvlations, agreements, conditions, and cove~ann of seid promissory note and thi~ ,rongage any or eiiher, snd said tosts, char9es and experues, each and eve~y, shall b~ immediately due ar?d payable: whetFxr or not there be noeice d~ mand, attempt to tollect or tuit pending; and the full smouM of each and every such payment ~~all bca~ interest from the dste thereof umil paid a1 the r,,te of nine pe~ centum pe~ annum; and aH said cosrs, cha~ges and expertus incuned or paid, together w~tb such interesl, shall be secured by the lien of this mortgaga, 6. That (s) in ths ave~t of any breach of this Mortgspe w default on ths part of the MORTGAGOR, w(b) in the event any of sald sums of money herein rcferred to be not p?omptly and fu11y paid within rhuty (3pj days nexr afte~ the ~ame seve~ally become due and payabla without demand w noticq ' or (c) in the event each and every the stipulations, sgreements, cw~d~lions and covenants of s+id promiuory note snd th~s mortgage any o~ either are nol iuly, promptly and fully perfwmed, d~uharged, executed, effected, completed, complied with and abided 5y, then in either a any such event she sa~d ag g~egate wm mentioned in said prpm;uory note then remaini~g unpaid, with imerest accrued, and all monrys secured Fxreby, shall become due and pay- eble fa+hwith, or thereafte~, at the opt'a~ of said MORTGAGEE, u fully a~d completely as if al{ of the wid sums of money were o~~g~nally st~pu:atcd ~o be pafd on such day, anyth~ng in sa~d promissory nofe w in th~ Mortgaqe ro the co.~aary norwnhssanding; and tAereupon or thereafter at the op~ion of sa~d MORTGAGEE, withaut notice a demand, suit at law or in equity, therefwe or thereaiter begun, may be prosecuted ai if •li moneys secured hereby h3d matured pr~or to itt inslitution. 7. 7hat in the event that at the begi~ning of w st any time pe.~ding any suit upon this Mortgage, o~ to faeclose if, or fo reform it, or to enfo?ce payment of any claims hereunder, said MORTGAGEE shall apply to the Covrt havinfj jurisdlpion thereof fw the appointme~t of • Rcceive~, such Cour1 shall for!hwith appoint a receiver of said mortgaged property all and singular, includ~~g all and singulsr the income, proiits, iuues and reve~ves irom whatever s.:urce derived, eath snd every of which, if being expressly understood, is hereby mortgaged as if spet;fically ut fwth and desuibed i~ the granting and hahendum clauses hereof, ~nd such Receiver shall have all the broad snd effective funcuons and powers in anywise entrusted by • Cour~ to a Receiver, and c_ch appointment shall be made by such Court as an admitted tqvity and a matter of absolute righl to said MORTGAGfE, snd without reference to the adequacy or inadequacy of the v~lue of the property mortgaged w to the solvency or iniolvency of said MORiGAGOR a the defendants, and thal such re~rs, profits, income, iuues and reve~ues shal~ be applied by such Receivcr atcord~ng to the lien or equity of said MORTGAGEE snd the practice of such Cou~t. 8. To duly, p?omptly and fully perform, discharge, execute, effect, complete, compty with and abide by each and every the stipulations, agreements, condiriona and covenants in said promisso?y note and this mortgage ut forth_ 9. That in the eveM the ownenhip of the mortgaged prem;ses, pr any part thereof, becomes vested in a person other than the MORTGAGOR, the .'.'.ORTGAGEE, its succeuws and auigns, may, without ~ofice to the MORTGAOR, deal wiih such successw oi successor in intereat wiih reference to th~s n~ar~gage and the debt hereby secured in the same manncr as with Mortgago~ w;thoul in any way vitiating w d~uharging the Mortgagors' liability hcre. ~,rde~ or upon the debt hereby secured. A!o sale.of the Rremises hereby mortgaged and no fwbearance on the part of the ?AORTGAGEE w its successon or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w au~gns, ahatl operaie t ro reiease, discharge, modify thange w affect the orig:nal (iability of the /wORiGAGOR herrin, either in whole or in part. a 10. It is speuficatly agreed that time is of the essence of this contract and ~hat r:~ waiver of a~y obligation hereunder w of the obligation sr ~ c~red hereby shall at any time thereatter be held to be s waiver of the terms hereof or of the ir.strument secured herby. f I1. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenents ~nd agrees ro pay to moctgagee with each month!y payrnent an addirionaf sum estimated by mortgagee to be tqual ro i/i2 of the ainual cosr of ti~e fo}!ow- ~ng` A-All real property taxes levied w assessed agaiost the above described reaf estate. 8-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improveme~ts situate o~ the above d:scribed premises. C-Premiums on such mortgage guaranty insurar~ce as mortgagee shafl fram time to tEmc deem fit 1o carry on the toan secured hereby_ Mortgagee shaf! from time to fime not;ly rrwrtgagor in writing of the amount due and payable hereundet and such aum shall thereupon be due and ; 3yable on the due date of the next moMhly payment and eath successive month theresfter urtil mortgagee shall notify mortgagor of a change in such 3-~.o~nL Such sums shatl be applied by mortgagee foward fhe payment of real property faxes, insurante prem:ums, and mortgage guaranty insurance :~~emiums. IN WITNE55 WHFREOF, the said MORTGAGOR has hereunto set his hand and seal the day a ear first aforesa Si9ned, Sealed and delivered .in the presence of: ~ ~ < . / ~ a A San se,n ~ , , (Ses4 ^ ~ Seaq , - ~ (Seal) STATE Of FLORIOA Francea R. Saaple ~~UNTY Of St • LLtCl@ ~ ~ Befae me personally appeared J8SI A. Saaple e~ ` _ FIaAC@S R. Saaple his wife, to me we(i known and known fo me fo be tha individuals described in and who executed the faegoiny instrument, and acknowledged befwe me that they executed the same ior the pu~pos~s rhe~ein expressed. And the said-Frances R. Saaple ~v~1e of the said Ta~[_A.~~3I]le upon e xparate sAd•pr'rvit~,~: e=amination by me taken separate and apart f~om her said huiband, acknowledged to and before me that sFx executed said instruniert( f(re~tf ahd vblur`'• rs•i!y and without any compulsion, constraint, appre/~ ns~ w fesr of w from her s~id Fwsband, - ; WITNESS my hand and official teal this j%-~~, d~y e~/ .-31?. D. 9~.' ~ A . ~ , ~ . ,t- _ % (L ~C.C-' ~ G - ; ~ ~ Notary Public in and for t ate~f~l t rge.~ . My Commission expires: ` ~ ' n ~ 3 ' Rerum To: ~ / • Fint Federal Savim~s 3 loan Associat~on / ~ I ~ G . 7 / ' ` . Of Fort P:erte. ~ ~ - ~ ~ ~ ' Fort Pierce, Fforida ; • ' f11ED !?N~ AECOa~EO s?. LUCIE J1t R S~ c, This Instrument Prepared By Richatd K. Ksyes ROC~Fy~~~j COURT First Federal Savings & loan Association CIERx C_ of Fort Pierce {tfC.ORO Y~' Zf Q"~~r , Florida Checked By ~ tZ ~ 42 ~ , o ~ • ~4sO91 ~ : ~~ox~Z10 ~,,~E 548 , _ ~.3._. w_. , - . - ; ~ _ .s > :a~~4~.~