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Home My WebLink About1541 3. To place and cun~inuously keep oo the bui!d~ngs now o~ hereafter ~~tuate on sa~d land and on all equ~pmem and personally covered by this mortg- sgs, wHh afl premfums the~eo~ paid ie full, (ire iasurance in ehe usual sfanderd pol;cy form, i~ a sum approved by the MORfGAGEE, a~~d w~ods~orm insurance in the usual ~tanda~d pol~cy (wm, in a sum ~ppro~ed by fhe MORTGAGEE, in such company o~ compeniei a~ fhe MORTGAGEE may ~cc: .r~ fer~ ~~a ...:r••1.~:+.... ~na,~.anrs ooGcies on anv of qid buiidirgs. ~ny inte~esl therein ot parf the,eoi, in 1he ~ggregaee wm aforesa~d w • in sacess 1he~eof, shall co~tain ~he usual standard matgagee dwss w such o~ha clauss as tF+~ Mor~gagee may reqwrs, mai.~nq ~nz iass as+ure sa~v' ytr=:- cie~, cach and every, payable to said MORiGAGEE as ~rs intereit may appear, and each ~nd every ~uch policy shail be promptly ass.gned a~zd del~ve~rd ro sny ixtd by sa~d MORTGAGEE as further ~ccuiity to ssid mortgage debt, and, ~ot teu than ~en (10) days in advance of ~he expiratioo of each policy, to de- liva to said MORTGAGEE a renewal thereof, foye~i~a with a receipt for the premium oi such renewal; and t~ere shall be ~o i~re o~ winds~o~m insurance placed o~ a~y of seid buitdings, any interest therei~ a part theroaf, ~nlesa in the form and with the loss payable ns aiwesaid; and in the e~ent any sum of mor+ey becomes payable unde~ such policy a pol~cies said MORTGAGEE ahall have the op~~on to receive and apply tha same on account oi tAe indeated- neu seared hrreby w to permi~ said MORTGAGORS ro receive and uss it o~ any pa~t thereof for othe~ purpuses, .r.~ho~t rh~~<i~i K'dr:~.~3 or .~:~p~~n 7ng any equ~ty, l'een o~ ~~ghl undei a by virrue oi Ihii mo:tgage; and in the eveM sa~d MORTGAGORS shall fw any ~eason fail to keep ~he ~a~d p~emis_s so insured, w(ail to deliver promp~ly ~ny of said policies of insurante to said MORTGAGEE, or fail prompNy 1o pay fully any pre~~+iu~n therefw w in a~y rospeu fail ro perform, dncharge, execute, effect, complete, comply with and abide by this covenant, or any part hereoi, sa~d MGRiGAGEE may ptace a~~d pay for such insurance or a~y pa~t thereof wilhout waivirg or affecting any option, lien, equi?y, or right under o~ by virtue of this Morrgage, and the full amount o4 each and every such payment shall be immediately due and payabls ~nd shall bear interest from the date thereof unril paid at the raie ol nine per centum prr annum and ?o~e~her with suth inte~es? shali be secured by the lien of this mottgage. To pe~mit, comm+t w suffer no wasfe, impairmem o~ deterioration of sa~d property or any part thereof. 5. To wv all and singular the costs, charget and expenxs, includ~ng a reasonsble anwney's fee and costs of abstracts oE t~tle, incurred or pa~d at any time by sa~d MORTGAGfE, because ot in the eve~t ot ~he fa~iure on ~ne Ran oi me caiu ivivR"+v.:v:.~ : - ^^•j.^+-+ d~_~ti~.~~ - .:..:y, r......r..; . execuTe, effec~, comple~e, comply w»h and ab~de by each and every the stipulatwns, +greements, conditions, and covenants of said p~omisswy note and ~hii mortgage any or ei~her, and sa;d costs, charges and expenses, each and every, sfiall be immediately due and payable; whe~her w not there be noT~ce de ~+a~cl: arr~mpe to co!lect or iuit oend;ng; and !he full amovnt of each and every such payrrKm ahall bear intere;t from the date thereof until paid at the ~are of nine per centum per a~num; and all said cosrs, charges and ezpenses incurred or paid, together w~th such ~nterest, shaii oe secu~e3 by tt~ tizn of th:t mortyage. 6. That (a) in the evsnt of any breach of this AAwtgage or default on the pah of the MORTGAGOR, or (b) in tFx event sny of said sumt of money hzrein rcfe~red to be not pramptly and tu11y paid within th~rry (30) days next aiter the san.e saverally become due and payable, without demand or notice, or (c) in the eve~t each and every the stipulat~ons, ag~eements, conditions and covenanrs of sa:d p~omissory note and th,s mortgage any w either are not ~uly, promptly and lully performed, diuharged, eaecuted, effected. completed, complied with and ab~ded by, then in e~ther w any such event the sa~d ag g~egate s~m mentioned in sa~d promissory note then remaining u~paid, with interest accrued, and ail moneys ucured here6y, shall become due and pay- able forthwith, or thereafter, at the opt:on of said MORTGAGEE, as fully and completely as if all of the said sums of money were w~ginally st~putaied to be pa~d on such da/, anything in sa:d prom~sswy note or in this Mortgage to the contrary notwithstanding; and thrreupon w thereafter at the option oi said MORTGAGEE, without notite or demand, suit at law or in equity, therefwe or thereafter begun, may be prexcu?ed as if all moneys secured hereby ~ad mawred pnOr to ~ts institution. 7, That in tF+e event that at the beginni~g of w at any time pending any su~t upo~ this Mortgage, or to fweclose it, or to reform it, or to enforce payrrxnt of a~y cla~ms Ixreunder, said MORTGAGEE shatl appty fo the Court having junsd~ction thereof for the appo+ntment o! a Receive~, such Covrt shall forthwith sppoint a receiver of taid mortgaged property all and iingular, includ~ng all and singutar ~he income, profits, issues and revenues from whatever aource derived, each and e~ery of which, it being expressly u~derstood, is hereby mortgaged as if spec~fically xt forth and described in the g~anr;ng and habendum ctauses hereof, and such Receiver shall have all ~F~e b.oad and effecr~ve funa~ons and powers in anywise entrusted by a Court to a Receiver, and ~:.ch appointment shatl be made by svch Court as an admitted equity and a matter oi absolute right to said MORTGAGEE, and without reference to the adequacy or inadeqvacy of the value of the property mortgaged or to the so:vency or insolvency of sa+d MORiGAGOR or fhe defendants, and t6at such renrs, profits, ir~come, iuues and revenues shalf be applied by such Receiver according to the lien or eq~ity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perfwm, discFwrge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, conditions and covenants in sa~d pro~nissory note and this mwtgage set forth. 9. That in the event the ownership of the mortgaged p~emises, or any part thereof, becomes vested in a person other than the MdRTGAGOR, the '~',ORTGAGEE, its succeuo~s and assigns, may, wirhoW nmicr to the MORTGAOR, dea{ with suc6 successo~ o~ successor in interest with reference ro fhis mortgage e+td ths dab~ hereby secured in the same manner as with Mortgagor w~tFwut in any way vit;ating or discharging the Mortgagors' liability herr under p upon the debi hereby sxured. No sale of tAe premises hereby mortgaged ar.d no #orbearance on the par~ of the MORTGAGEE w its successors or assigns and no exten:ion of the time for the paymenr of rhe debt hereby secured g;ven by tlu MORTGAGEE or its successors w au~gns, a~~al{ operate io release, d~scharge, modify change w aFfect the original IiabiGty of the MORTGAGOR Fxrein, either io whole w in part. 10. h is speufica~ly agreed that time is of the essence of this contract and that no waiver of any obligat~on here~nder or of the obl'gation se- cured hereby shaff at any tfine ihereafter be held to be ~ waivaa-of-~?~s t~rms hereof or of the instrument secu~ed herby. 11_ In add:r;on to the foregc:ng monthly payments of princ'pal and interest required by the promissory note setured hereby, mortgagor covenants and agrees to pay to mo;tgagee v.ith each mon~hly payment an add~rional sum estimated by mortgsgee to be equal to 1!12 of tne annual cost of the follow- ~i,g: r A-Afl real property taxes tev~ed er assessed against the above described real estate. B-Pram~ums on iire and windstwm insurar.ce as herein requ;red to be carried on the ~mproveme~ts situate on the above described premises. C-Prem~ums o~ such mortgage guaranty ir.suran~e as mortgagee shal~ fram t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha~l from t~me to time notify morrgagor ~n writirtg of the amount due and payable hereunder and such sum shalt thereupon be due and ; ayable on the due date of the next monthly payment and each sutcessive month ti~ereafter untii mortgagee sha~l not~fy mortgagor of a change in such a~-~oum. Such sums sF.aii be applied by mOrtgagee toward the payment of rea~ property taxes, insuran~e prem:ums, and mortgage gua~anfy insurance p•emiumi. - !N Y~ITNESS YJHERfOF, the s±~d MORTGAGOR has hereunto set h;s ha~d and seal the day and year first aforesaid. igned. Sealed and deli ered in tbe preaence of: ~ / ~ J ~ ~ ,i _ ` ~ ? Bf 11 ' . Sa ~ ? 5eaq (Seaq - ' I f i' ' See?) - ' ha B. Sa ~seao SiATE OF FLORIDA ~ St. Lucie ~ couNn oF ~ . ~ j Be{ore me pe?sonafly appeared - Billy C. Sapp s$Z. and ; Martha B• $8 his wife, to me well known and known to me to be the individuais described in and who executed the fwegoing instrument, and adcnpMrt~clg~d [kfore me that they executed the same tw the purposes rherein expressed. And the said- Mcll t~Id 8. $dPp +vite oi the sa~d B~11Y C. ~pp ~ $r • •vpone,tfpa iltg and ptivate exam~nat~on by me taken separete and apart from her said husband, atknowledged to and before me that she exetuted said inatrumen(•ff~eeiy a~d volun- ~ee rarify and without any compulsion, consrraint, apprehension, or fear of or from fkr ssid husbsnd. WiTNESS my hand and offic~al seai this 292h de of Januar ~ ~ ~ i"' Y ~IC ~ ;19~ . ~ rll • .C ~ ~ - ~ / Notary Public in and fa~~ .r'FIo?idae :Larpi - s My Commiuion expir , . , q ~.re~- • - - ""-r ReWm To: ~j _ ' ~~~~{c.~~:.Y~J~~•A ' fir~t Federa~ Savings d loan Associat+on ~ * •a•.;'` Of fort P;erc>. - ' Fort G~erce. Florida ST~ CI ~ i.~U C~RaEO 3 j NT7 FLA. , . ~ RCC:? P;.;TRAS ~ C_f .t G~ ~WT ~~URT. t~ i 4`t;^R~ Vi ~ ;~0 f This Instrument Prepared By J. N. Roberts ~ JY ~A ~O 4~ ~ ~ First Federal Savings 8 Loan Association of Fort Pierces Florida ~ Checked By ~ ~'~vpQ4 ~ Bf1~K~~~ ~'~~f~~eh7 ~ zs ~ - ~ ~ ~sn t ~ . - - r _ r. ~