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Home My WebLink About0389 7. To place •nd con~inuously keep on tl~e bu~:J~ng~ now a herea(te~ ~tuals o~ sa~d land and on ait equip.~en1 and p~.sonally covered by thii ma~¢ +g~. with ~II premiums thereon pa~d in lull, fire insuranca i~ Ih~ usual standard po1Ky fwm, in ~ tum spproved by tM MORIGAGEE, ~nd w~ndstpm ~nawance irt 1M usual s~sndafd pol~cy fam, in • sum ~pproved by ~he MORfGAGEE, i~ s~ch company or companief as the MOQTGAGEE ~nay d'ueuj and ~II fi~~ and w~nd~~orm in~urs~ca polK~es on any of ~a~d build:nyt, ~ny interesl theain w paM tF~rco(, i~ 11+~ apy~c~+ie s~m ~fwrta~d w in ~ace~s 11?ereof, ~hall contain the ~sual standard mo+egayve clause a such otha claus~ u tM Ma~~a9ee may requ~r~, makinp ~he loss unda~ sa~d poli~ cie~, eath and every, payab~~ to said MORTGAGEE a~ its inter~t may appear, and eath ~nd •vay such policy ~hall be prompily ass.pned ~~d de~ivered to +ny held by said A10RTGAGEE a~ further sewr~ty to said mor~gaye debt, and, not teu than ten (TO) dayt i~ advance of tM expi~afioo oi s+ch policy, to dr liwr to said MORTGAGEE a renewal ~hercof, ~ope~he~ with a rece~pt fM the premium of such renewal; and ihe.e shaU be no fire o~ windstorm inwr~nu pl~cad on any of said buildinys, any interest there~~ w pait thereof, unlesa i~ ttw form end with tM lou payable as afw~said; and in the event any tum of mo~ey becomes payabfe ~ndar such polity or policie~ uid MORTGAGEE shall havs ths pption lo receive and apply the same on accounl of Ihe indebted- neu secured he~eby a ro permil uid MORTGAGORS to receiva snd uss it a any part tAereoi tw otner pu~poses, .v~thout tharebi waivi~y or ~n,pair- ing a~y equ~ty, I~en w r~ghl unde~ or b~ virius of this mo:sgage; and in the avent sa~d MORIGAGORS shal! (w any ~csson fail to keep the aa~d premisrs so insured, a lail to deliver ptomptly ~ny of said policie: of insurarrce to said MORIGAGEE, or fail promptly to psy fully any prem~um therefw o~ in any respect f~il to p~vform, d~scharge, eYecute, effect, complete, comply with and abide by thii cove~+ant, or •ny part hrreoi, said MORTGAGEE may place and pay (w tuch inaurance oi any part the~eof w~thout waivi~g w affeclin9 any option, lien, equ~ty, or righl unde~ a by virtue oi thii Mwtga9e, and thc full amouM of each and ev~ry such payment shall be immediately due and payable a~d sMll bra~ interesl trom the date thereof vntil paid at the rate ol nine pe~ centum per annum and to~ether with such inte~est shali tx secu~ed by the lien of lhis morlgaga 1. To permir, commir or suffer rw waste, impairment p deteriorafion of said property o? any parf thereoi. S. To pay a11 and s~ngular tF~e costs, charges and expenses, inctuding a reasonable attomey's fee ar+d cos~s of abstracts of title, incu?red or . paid at ~ eny time by said MORTGAGfE, because or in the event of the failure on 1he parl of the said MORTGAGOR to duly, promptly and fully perfwm, d~xha~ge, execute, effect, comptete, comply with and ab'de by each aod every the stipularions, agree+nems, conditions, and toveoants of said promissory note and rhis mo?tgage any or eift?er, and sa:d costs, charges and expenses, cach and every, shall be immediately due and payable; whether or not there be notice do- mand, attempt to rnllec~ or suit pend~ng; and the tull amount of each and every such paymenr shall bear interei~ f~om ~he date thereof until paid at the ratr of nine per centum per an,~u:n; and atl said costs, charges and expenses inturred a paid, together w~th such intHest, ihall be secured by the lien of thii morlysge. 6. Thal (a) in the event of any breach of 1hi~ Mortgage or default on the part of the MORTGAGOB, w(b) in the cvent any of sa+d tums of money herein refeired to be not piomptly and fully paid wiehin thir~y (30) days next after ~he same severally become due and payable, without demand or notice, or (c) in the event each and every fhe stipulations, agreements, conditions and covenants ot sa~d promissory note and th~s mortgage any or eiiher are nol iuly, promptly and tuliy performed, d~scharged, execured, effected, completed, compl;ed w;rh and abided Sy, then in either or any such event the ssid ag gregate sum mentioned in said p~omisswy note then remaini~g unpaid, with interest accrued, and alI moneys secured hereby, shall become due and pay- abie forthwith, or thereafter, at the option of said MORiGAGEE, as fully and comptetely aa i( all oF the said sums of money were o~~gina!!y st~pulated ro be paid on such day, anything in sa[d p~omiaswy note or in this Mortgagr to Ihe contrery ~otwithatandmg; snd thcreupw~ or the~esf~~? at th~ option of said MORTGAGEE, withouf not~ce or de~nand, s~it at law ot in equity, therefae w thereafte~ begun, may be prosecuted as if ail moneys secured hereby had rtutured pnot to its inst+tvtioa. 7. Tha! in the event fhat at the beginning.of or at~any tirrK pe~ding sny suit upon fhis Mortgage, w tp foreclose it, or to reform it, or to enforte payment of any tlaims hereunde~, aaid MORTGAGEE shall apply to the Court having j~risd:Uion thereof for the appointment of a Receiver, tuch Court shall forthwith appomt a receivtr of said mortgaged property all and singvfar, in~tud:ng all and singular the income, proi~ts, iss~es and re~e~ues from whatever sovrce derived, each and evary of which, it being exp~etsly understood, ia hereby maigaged as if speufitally srt Fotth and described in the graming snd habendum clauses hereoi, and s~ch Reteiver shalt have all the broad and ef(ective tuncnons and powers in anywise entrusted by a Cou?t to a Reteive~, and such appoiromem ~hall bc made by such Court as an admitted equ~ty and a matter of absolute right to uid MORTGAGEE, and without reterence to the adequacy w inadequacy of the value of the property mwtgaged w to the soivency or in:olvency oi sa~d MORTGAGOR a the defendants, and that such rents, profits, income, iuves and revenues shaU be spplied by such Receiver accordi»g to the lien w equity of said MORTGAGEE and the prattite of such CourT. 8. To duly, promptly and fully perform, discharge, exec~te, effect, compfete, tom~,ly w~Ih and abide by each and every the stipulations, agreements, corditions and covenants irt sa~d ptomissory note and this mortgage set forth. 9. That in the event the ownersh;p of the mortgaged premises, or any par? thereof, becomes vested in a per~n other than the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without notice to the MpRTGAOR, deal w~th such successw or successor in i~terest with reference to this mortgage and the d~bt hereby secured in the same manner as w~th Mortgagw without in any way vitiating or drscha~ging the Mortgagors' liability F?orr under or upon the debt hereby secvred. No sale of the premises hereby mortgaged and no forbearance on the part of the IAORTGAGEE or its successors or assigns and no extens:on of tF~e time for the payment ot the debt here6y secured given by the MORiGAGEE or its successors or assigns, aiiall operate ro release, d~scharge, modify change o~ atfe:t the original liab;lity of tF~e MORTGAGOR F~rein, either in whole or in part. 10. It is specificatly agreed that time is of the essence of this tontract a~d that no waiver of any obligatipn hereunder or of the obligation se- cured hereby shall at any time thereatter be he:d to be a waiver of the terms hereof w of the instrumenl setured herby, 11. In add~tio~ to the forego:~g monthty paym~ms of princ'pa: and interest required by the promiswry note secured hereby, morigagor tovenants and agrees to pay to mortgagee w~rh each manrhly pay~nem an add~cionaf svm est ma~ed by mortgagee to be equal to 1/'12 of the annual cost of the follow- ing: A-All real prope~ty taxrs le~ied or assessed agai~~st the above desuibcd :eal estate. 8-Premtums oa f~re and wi~idstorm insurar.ce as here~n requ;red to be carried on the improvements s~tuate on tbe above dasvibed piemises. C-Premiums on such mo~tgage guaranty insurar.ce as mortgagee shail from t~me to time_ deem fit to carry o~ ~he ban secured Mereby. Mortgagee shal( from ti:ne to time nerify mortcagor in writing of the amount due and payable hereunder and svch sum shall thereupon be due and Fayable on the due tiare of the next month;y payment and each successive month ti~ereafter ur.til mwtgagee shal! notify mortgagor of a change in such amounl. $uch sums sFa:l be appiied 'oy mortgagee toward the payme~t of rea{ property taxes, insurante prertt:ums, and mortgage guaranty iosurante prert~iums. IN WITNESS '1~HEREOF, the said MORTGAGOR has hereunto set his hand a~d seat the day and ar first aforesaid. , `~igned Sea~ and~elive~ i~ the presence of: ~ L~ t~ a ~ Ja es We affer ~a~ $eaQ - Laara 1,. Shaffez ~ an STATE Of fIORIDA ~ COUNTY Of - S~I' L lj r~ ~ - Before me personally appeared ~a~s Webester Shaffer a~ 8L3Ia 1, Sha ffer _ h;, w;r~, ro me well known and known to me to be the ~ndmduals desuibed in and who ex uted the }orego' ~r~ ument, and atkno-rvledged befwe me that they exec~ted the same for the purposes rherein expressed. And the said ~auza L. ~~Z~@=' wife of the said James Wlbester Shaffer s separate snd private examinar~on by me taken separate and apar! from her said husband, acknowledged to and before me that she execvted said instrument freely aod volvrn tar;~y and withouf any compu{sion, constraint, apprehension, or ar of or from her said husband. WITNESS.~ny hanY,~nd official seal this-- day of March ~ p 19 'Jj ~ . ~ ~ ' ; :r~.~,. ' --.~.~~T~ ~.~lS/~~ ` Notary Public in ~nd for the 5tate of florida at Large , _ ~ " it 1~' • ~ My Commiuion exp'ues: ~ . Q-~ 3• ~3 - - Return Td; " F~~t F~~i~s~~i~i~a:+~.i~ ~«~at,o~ ~ IIOTAR'? MIp~ STIlTE OF FtOQI~ AT Wi~ - ai Fo~~ v~j~c~. . MY COMMtSSION EXPIRES SEPT. 23, 1g7~ . . For~ !Pi~~ `FIo~1t1~. ~ ~ ~ . ~ - - ~,~j e R~~Cy - This Instrur~en! Prepared By John W. Collins ~1~~O~~T1'~~ First Federal SavYngs ~ Loan Association a~t~~ ~ K'o~rR~= of Fort Pierce~ Florida R~~9RQ 1'ERi ,E~ ~a?~f Checked 8y ~ n~ Z~2 r' 389 ~ 1~~ 4 0~ PM ~ eoox e~~ r 13 2~13~ ~ '1'°~"~ai is'~ i ~1°"'~ ~ . . . " ' _ ' ` ~y~ ' 2 .9~' r_ :