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Home My WebLink About0154 . ~ . J. To place and cor+tinuously tKp on 1h~ bui!dirqs now w hare~frer ~i~wN on ~aid tand and on alf equ~pn~M ~nd p~~tona~ly tovNtd by thif morlp~ p~, with dl pemiums ~hereon pa~d in 1u11, tira insur~nc~ in IM uiwl ~tandud policy fwm, w+ ~ ~um ~pprowd by ~M MORfGAGEE, ~nd wind~tam iniwanc~ 3+~ ~M uiwl ~~a~da~d pol.cy fwm. In a wm •pp~o~~d by ~M MORTGAGEE, i~ tuch company o~ cor~pane~~ as ~M MORTGAGEE w~ay dincrt ~nd alt Rro ~nd w~ndiwrm inav~anc~ po~ica~ on any ol ~a~d build~nps, a~y inhre~~ th~r~in a pan ~her~ot, in ~M ayqrey~~~ w~+ ~tat~a~ w in ~actst therwf. sMll comain the usual ~tarn3ard ma~9a~ clauH a ~vcA o~F?N claus~ as tM Ma~page~ may requu~. malirq ~h~ toi~ und~+ s+~d potF c~ss, each u?d ~vary, payab~e ?o satd MORTGAGEE ~t its inre.ese may a~ea?, and e~ch and eve.y tuch poticy sh~ll b~ promptly as ynad u+d d~tivaed ~o any htld by Nid MORTGRGEE +s (ur~her ucurity to ssid nwr~9ag~ debt, and, no1 leu lhan ten (10) d~ys in advante of tM tapiral~on of eath policy, lo d~- liw~ to uid MdRiG~?GEE a renew+l thereof, topethe~ with ~ rnceipl fw 1he prtmium ot ~vch renawal; and thw~ ahall be ra i+~~ or winditwm insura~c~ plat~d on any of said bvild;ng~, iny interesl ~herein w parl thereoi, unless in ?M fwm ~od wifh tM loas pay~W~ a~ afat~+id; and in ti?t ~v~nt any ~um of mon~y becpmes payablQ under wth policy a policies teid MORiGAGEE aAail hav~ the op~~o~ to recaive arxl apply Ihe fame on accouM o( Ilw indebfed~ nea secu~ed he~eby w to petmit sa~d MORTGAGORS to ~tteive and uss H a any pa~l ~hr,eof Iw ori,e•r pu~posrs, ~v~ihou~ ~h>rro~ .vai.~:y or ~~npam ~~y +~y equity, lien w right unde~ w by virlue of thiy mortya9e; and in th~ ~vent sa~d 1NORTGAGORS shatl fot any reason fail to keep 1he ia~d p~e~?~~srs so insured. O~ fail fo dsliver prpnptly aoy of said poli~ies of inwr~nce lo said MORTGAGEE, or fail pron,prly to pay tully any p,emium theretor a in any raiped bil ?o perfam, dischage, execu~e, effed, complete, comply w;ih and +bida by ~his covenam, or any pa~t heroof, sa~d MOR7GAGEE may place +nd pay (or tuch insu~snce or any parl thereof wi~hout waivirg or affrc~ioy ~ny optiw~, lien, equ~ty. a rigM under a by virtue of this Mortqa~e. _and the full amount oi exh and every tuch paymenf ~hal! bc immediately dw and payable ~nd sMll bea~ interesl from ths date thereol until paid at the rate ol nine pst ce~tum pet annum and to~ether with suth interest snall Ge secured by tl~s lien Of thif mottgage. To ptrmif, commit or suffa no waste, impairment w detcrioration oi uid property o~ ~oy part thereof. 5. To pay all and sirgular the costs, charges and expenses, including a reasonable attorney's fee and costs of abstrads of title, incurred or pa~d at any time by said MORTGAGfF, becauu a in the evcnt of ~he fa;lure on the parf of the said MORTGAGOR to duly, prompNy and fully p~rlam, dixha~g~, execute, ef(ed, complete, comply w~th and abide by eacfi and every the stipulstio~s, agreeme~ts, conditioru, and covenants oi said p~omissory note and thii mortgags ~ny or e~~hcv, and sa~d wsts. char9ef and expenses. each and every. shall be immediatety due and payable: wh.:iher p ~ot there be ~otice d~ mand, attempl to tollett or svit pending; and the full amount pf eath snd every such psyment shall bear intcrest from Ihe date the~eof until piid ~1 the , raie oi nine per cent~m per annum; a~u.' all said costs, charges and ezoenus incurred a paid, togatt~er w~th such inte~est, tAal1 be aecured by t!?e lien of tha ? ~nortyags, ~ 6. That (a) in the event of any breach of thia Mwtgage w defautt on the part of the MORTGAGOR, w(b) in the eveM sny of sa~d sums of money ~ herein referred to be not ~om tl and full aid within ~h~rt (30) d~ a nexl after iha same severalt become due and ~ P P Y Y P Y Y Y peYabk, withovt demand w notice. : or in the evenr each and every the stipulauons, agreemems, condirions and covenams o} sa~d prom~sw~y note and ~ha mortgage any w either a~e not ~ iuly, promptly snd fuily performed, d~xharged, executed, eifected, compteted, compl;ed w~~h and ab~ded 5y, the~ in e~ther a any such event ~he taid ag . ' gregate sum mentioned in said promissoty note then re~naining unpaid, with interesl accrued, and all moneys secured hereby, shall becwne due and pay~ j able forthwith, or thereafter, at the option of said MORTGAGfE, as fully and comple~ely as i) all of the said sums oi money were wiginally stipulated ~ to be paid a+ such day, anything in said promissory note or in this Matgage 1o the cootrary notwithstandi~tig; and therevpon p theroafter at the option of i sa;d MORTGAGEf, without not~ce w demand, suit at taw or in equity, thereFwe or therea(ter begun, may be prosecuted as if all moneys secured hereby ~ had matured pnor ro its institution. 7. That in the event that at the beginning oI or at any time pend;ng any suit upon this Mortgage, a to fwectou it, or to re(orm it, a to enfoace paymenf of any cfaims hereundt?, sa'ed MORiGAGEE shall apply to the Cour1 heving jurisdidion thereof for the appo~mment of a Receiver, such Cwr1 shal) forthwith appoint a receiver of said mortgaged property all and singula~, irxlud~ng all and singu~a~ the incorr.e, proiits, iuues a~d revenues from whatsvet source derived, each and every of wh~ch, it being expressly understood, is hereby moregeged as ~f spec~ficafly ut fwth and deuribed in the granting and habendum cla~ses hereof, and such Receiver shall have all ~he b?cad and effective funcr,ons and powers in anyw~se entruited by a Court to a Receiver, and iuch appoinfine~.t shall be made by such Court as an admitted equity and a maner of absotute righ~ to wid MORTGAGEE, and witfwut reference to ihe adequacy w Fnadequacy of the value of the property mortgaged or to the so~vency w ir.soivency of sald MORiGAGOR a the defendants, and that such rems, profits, income, iuues and revenues shall be applied by such Receivcr accordmg lo the lien or equi~y of said MORTGAGEE and the practice of such Court. . 8. To duly, promptly and fully pe~form, discha~ge, execute, effrct, tompiete, comply with and abide by each and every thp stipuiatiw~s, sgreemenri, conditions and covenants in sa~d promissory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person ofher than the MORTGAGOR, the _ MORTGAGEE, its successors and assigns, may, without notice to the MORiGAOR, deal with such successor or successor in interest wi~h reference to this mortgage and the debt hereby secured in the same manner as with Alortgagor w~thoul in any way vit~atinq a d~xharging tF~e Mortgagori lisbility herr under or upon the debt hereby secured. No safe of it~e Fremises hereby mortgaged and no forbearan~e on fhe pa~t of the /110RTGAGEE a its successors or auigns and no extension of rhe time fw the payment of the deb~ hereby secured given by the MORTGAGEE or its succeasors or auigns, shall operate ro release, discharge, modify change w affect tho original iiabil~ty of the MORTGAGOR herein, either in whole or i~ part. 10. It is specificatly agreed that time is of the esunce of this contract and that no waiver of any ob~igation hereunder or of the obligatioe ~e- cured hereby shall at any time thereaher be held to be a waiver of the terrry hereof or of the instrumem secured herby. 11. In addnion to the forego:,x~ month~y paym~ms of princ'pal and inrerest required by the p~omssory note secured hereby, mortgagor tovenants and agrees to pay to mortgagee ~w~ih each momhly payment an add~rional sum esnmated by rtwrtgagee to be eyual to I,- 12 of the annual cost of the toltow- ing: A-All real piope~ty taxes levied or assescc~d agalnst the above desvibed real estate. - B-Prem~unis on I~re and windstonn insuracce as here~n requ:red to be carried on the improveme~ts s~tuate on ihe above described premises_ C-Prem~ums o~ such mortgage guaranty ir.s~~rance as mortgagee sbatl fran t[me to time deem fit to carry on the toan sewred hereby. Mortgagee sfia~l from hme to nme no~ify mortgagor in writ[ng of the amount due and payable he~eunder and such sum sball thereupon be due and r.ayable on the due ciate of the ~zext monthty payment and each successive month thereaiter ur,til mwtgagee shall not~fy mortgagor of, a change in such a•nount. $uch sums shail be applied by mortgagee toward the payment of real propert/ taxes, insurance prem:ums, and mwtgage guara~ty insurance p~emiums. _ IN YJITP~E55 V4HER~OF, the wid MORTGAGOR has hereu~to se! his hand and scal the day and year first afwesaid. ' Si ned, Sealed and delivered in the presence of: \ ` C'~ CeC R, PadriC a _ rancia L. dzick ~,q f ! STATE Of fIORIDA ~ dZd • a9 (Seal) ' COUNTY OF _ SL. I.nr~yQ ~ ~ f - - ~ Beforb me personaily appeared ~Cll R. ~dC~11CiC ~ Francis L. Padrick, l~is Nife and Claza B.Haaqard,a/~ *~~r to me well known,ensl.known to me to bs ~ the individuats desuibed in and who executed the fwegoing instrument, and acknowtsdged before me Ihat they executed ti~ ssm~ for the pv?pOSes ~ therein expressed. And the said Frc117C1$ T. P'dt~T1C~C - ` Cecil R Padrick . ~ w~fe of ~he said • - - - , ;T~ ~h ~~,ate x~d_priwts ~ examination by me taken separate and apart from her said husband, acknowledged to and befwe me that she e:ecvfed,3aid•ilislt6mepf ffee}y ~nd~volv~- Iarily and without sny compulsion, constraint, apprehension, w fear of or from her said t~usband. : ; WiTNESS my hand and off~cial seal thii 16th day of l• \ 1'- 'p~ 1973 . . . . . ^ i ~ _ Notary Publit en and for the:Stat= pf~ ~ rds Lt_~t My Commission exp~ es: . Return To: NU~ARY PUBLIa ~1~T~ ~~IQR~E first Federal Savings 6 loan Associat~on ~ISSI~N~ RE$ , 1~ Of Fort P;e:ce. for: Pierce, Florida ~ F1~fDx3?~c~OR!~p ~G'~a7a'O ; SL L~iC:~ C~UMTY F~{, ~ This Instrument Prepared By n J;: _="T~AS ~ ' First Federal Savings 8 Loan Associafion Ct~f t t.. ''~t; ~Q~qT ~ _ I Ffr•.c,~ :=clilE~ \ of Fart Pierce ' Checked By ; M~ tg 4 ~s PH ' i 3 o ac~ BOGK PACE 1~~ ~ ; ~ _ - _ ~ ~ ~ ~w ;r - . ~•r