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Home My WebLink About1097 ~ 3. to plac~ and conr~nuovslr keep on the kw~:J~~gs ~w~w a heres(ta w~~~te on sa~d iand and on atl equ~prnen~ and peraonally cov~red by ~hi~ morro- w~~h a!1 premiv~ns thercon ps~d +uli, f~re irtfuliMi in th~ usual sranda~d po~Ky fwen, in ~ sur~ app~oved by ~he MORiGAGEE, a~d w~nd~iam ~ro~xann 1n t~ usual uarda~d pd~cy 1am, in a swn app+ored by ~!w JMORTGJIGEE, i~ iuch compa~y a compaNes as ~M MORiGAGEE n+ay d'u~cr, a+d all (i~~ and windstor~n inwrance potK~es on a~y of said bu~kl.nps, sny ime.~st tlrarei~ a pa.t fkHeof, in th~ agg~e9~~e wm afpr~a~id o~ in ~xc~ss IAereof, shall conuin th~ usual srandard mor~9age~ ciaus~ a such o~he. cl~us~ as eh~ Mweyayss may iequu:, maAinp the loas unde. s,~d po1F c'as, exh u~d every. payabt~ fo u~d MORTGAGEE as ~~s in~erest may appear. and each and ev~.y such poi~cy shall be prompUy ass p.Kd and delivsred ~o ~ny held by said MORiGAGEE as iurther securiry lo said mongage debl, and. ~ot ku lhin Ien (10) days in adwnce o~ the e+~pinrion of each policy, 1o da IivN ro said MORiGAGfE a renewal rhereof, toperht~ with a rete~pt fw the pr~mium o1 suth re~?ewal; and there shall be no fi~e or windsto~m inw~+Mt placed on sny of said buitdings. any interest therein or part thereof, v~less in the to~m and wi~h ti+~ lou payabk as aiwas+id: and in ?h~ eveM any sum of money becomes paraWc undmr such policy w polKies wid MORiGAGEf shaN have the opt~on fo recei,re and apply the aame on accoun~ ol the indebted- oeu secu?ed hercby or ro permit said MORTGAGORS fo receive and uss it or any pan thereoi fa other purposrs, v.~~ho~t thareu~ wa;ving or unpair- h+g any equit~, licn a righl u~der or by virt~re of Mis mo:'gage; u~d in the event said MOQTGAGORS shall fo~ any reaswi fail to keep the sa;d premisrs so insured, a f~il a det~~er promptly any of said pol;c;es of insuronce to sa~d MORiGAGEE, a iai! promptly ro pay fully any premium therefor or in any respect fail to pe~fwm, discharge, execute, effed, complete, cwnply w~~h and ab~de by thia co~ena~t, p any part hereof, said MORTGAGEE may place and pay fw such insurance a anY par~ thereof w~thout waivirg or af(ectinp any option, lien, eq~ity. a righ~ unde~ a by virtue of this Mw~gage, and tFx full amoum of each and every such paymen~ shall be immediateiy due and p+yable and shall bear intereat from the date thereof until paid at the rate ol nine pe~ centum per annum and together wirh such inte~est shaii be secured by the lien of this mortgage. I. To pe~mit, commit or sufia ~o waste, impairmeM a deterararion of said property a any pa?1 1he?eof. 5. To pay atl snd singutar the cosb, charges and expense~, irxluding a reasonable attwney's fee and costs of abst?ad~ of t~tle, incurred or paid at any time by said MORTGAGff, becauu or in the evem of the faifure on Ihe part of ~he said MORTGAGpR 1o duly, promptly and fully perform, discharge, execute, e~fect, comp;ete, cemply with and ab:de by each and every the sfiputatio~s, agreements, tonditions, and covenanK of said promisso~y note a~+d th~s mortyage any w e~~her, and x~d cosn, charges and expensea, exh and every, shall be immediately due and payab:e; whether or not there be no+ite dr mand, attempt to colkct or suit pend;ng; and thc full amou~t of each and every s~ch paymenl shall bear interest irom the date thereof until paid a! the rate of ~ine per centum per an~~u:n; and a11 said cost:, chaiges and expenses incurred w paid, together w~th such interest, shall be secured by the lie~ of this mortg~ge. 6. That (a) in the event of any b~each of this Mortgage or defwlt on the pan of the MORTGAGOR, or (b) in the event sny of said svms of money herein referred to be not p~omptly and futly paid within thirty (3p) days next after the same severally become due and payable, without demand or notice. or i~ the event each and every the stipulatians, ag~eemenls, condirions and covenants of sa~d promissory note and th~s mwtgage any w ci~her arQ not i~ly, promptly ~~d fulty perfwmed, d.xharged, executed, effected, compk~ed, comptied with and ab~ded 5y, then in e~ther a any sucA eveM Ux said ag gregate sum mentioned in said prort:issory note then remaining ~npaid, with interest accrued, and ~a11 cnoneys secured hereby, shall becorne due and psy- ab!e fwthwith, w tFmeafte~, at the opt~or~ of said MORTGAGEE, as fully and completely as if atl of the said wms of money were wginalty st~pulated to be pa~d o~ such day, anything in sa:d promissory r~ote a in lhis Mortgsge to the co~trary notwithstanding; and the~eupon or thtreafte~ at the option of iaid MORTGAGfE, witho~t notice or demarxl, wit at law or io equity, ther~fwe or thereafier begun, may be proaecuted as if all moneys sec~red hereby had matured pnor to ~ts instit~tion. 7. That in tf~e event that at the beginntng oF or at any time pend;ng any w;t upon this Mwtgage,_or to fweclose it, or to refam it, w to enfwce payment of any c~aims FKreunder, sa~d MORTGAGEE shall apply to the Court having jurisd~ctio~ thereof for the appointment of a Receive~, such Court :hail forthwith appoint a rece~ver of said mortgaged property all and singulsr, incfud~rg atl and singular the irtcome, prof~ts, issues and revenues from whatever ~ soe,rce daived, each and every of wh~ch, it being expressly understood, es hereby mongaged as if spec~ficaUy se1 forth and described in the granting aod { habendum clauses hereof, and such Rcceiver shall ha~e all the boad and effectrve funct.ons and powers in anywise entrusted i~y a Carrt to a Receive~, a~d { s~ch appointment shatt be made by wch Court as an admitted equity and a mafter of absolute right to said MORTGAGEE, and without re(erence lo the adequacy a inadequaq of the vatue oi the properry mo~tgaged or to the sotvency _w insoivency of said MORiGAGOR d the defendants, and that such renn, profits, income, iuues and revenves shall be applied by such Receiver accorduig to rhe lien or equity of said MORTGAGEE and the practice of such j Court. 8_ To dufy, promptly and fu!ly pNform, dixharge, execute, effect, complete, comply with ~nd abide by each and every the stipulaYwns, agreemenfs, i conditioro and covenants ~n sa~d promissory note and this mortgage set forth. ! 9. That in the event the ownership of tix mortgaged prer.,isrs, « any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ b".ORTGAGEE, its succeuws and assigns, may, without nofice to fhe MORTGAOR, deal w~th such successw a successor in interest with re(erence to this mortgage a.~d the debt hereby secured in the same rrmanner as wirh 6'lortgagw without in a~y way vitiating or d~xharging the Moregagors' liability herr j under or upon the debr hereby sec~red. No sale of fhe premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or iri suuessors 3 or assgns and no exte~sio~ of the time fd the paymenf of the deb~ hereby secured given by the MORiGAGEE or its successors or assigns, ahall operate ~ ro rekase, d~xharge, modify change or affett the orig~nai liab~tiry of the NtORiGAGOR he~ein, eithe~ in whole w in part. I0. It is speuficalty agreed thar time is of the euence of fhis contract and that no waiver of any obligation hereunder or of the obligaYan sr c~red hereby ahaU at any time thereafter be held to be a waiver of the terrtu hereof o~ of the inslru:neM setured herby. 11. In aod:~io:, to fhe f«ego:n~ mon:h!y paym~nrs of princ pal and interesr requ~red by the prom~uory ~ore secured heeeby, mortgagor covenants an~ agrees to pay to mortgagee n~th each monthiy payrnent an add~riona! sum est~mated by mortgagee to 6e raual to 1,~ 12 of the annual tost of fhe follow- ~ ~ng: A-All real property taxn lev:ed or ass~sed agai~st the above descr;y~ real estate. B-Prerr,iums on iire and wir.dstorm insurar.ce as herein requ:red to be carried on the improveme~ts situate on the above described premises. C-Prem~ums on svch mongage guaranty ir.surar.ce as mortgagee shaS1 from t:me to time deem fit to carry on the loan secured hereby_ Mwtgagee sya'! from t~m~ to t~-ne nor;fy mongagor in writing of the amou~t due and payable hereunder and such sum shall thereupon be due and Fayabte on the due data of the r.ext month:y payment and each successive month thereaiter ur.til mortgagee shall notify mortgagor of a charge in soch } a~*,ount. Such s~ms sFa:i +~e apptied by mortgagee tovvard the payment of real property taxes, insurance prem:ums, and mwtgage guaranty insurance ; p remiums. f ~ IM Y~ITNESS VtiNFREOF, tir_ sa~d MORTGAGOR has hereunto set his hand and seal the day and y ar fi~st afaesaid. Sig~ed. Seated a~d delivered i~ the prexnce of: , , " ~ s~.n J H. Br tOll (Sean ~ ~ ~I) r (Seaq ~ SiaTE OF FLORIOA i . + . ~ couNTV oF St . Luc ie ~ ; Before me personally appeared Joseph H. Broxton a~ ~ Enily W. Broxton } ~ his wife, to me weU known and known to me to be ~ ~ the individuals described in and who executed the foregoing instrument, and ackrwwledged before me that they e:ecuted the ~me fw•iif~~ pwpo~,. ~ Eail W. Broxtor , c ~~~+t ~ therein e:pressed. And the sai j r,sfe of the sa~d Joseph H. BrOXLOD ,e' ate'~~+~'~priryte ( e,am~nat:on by me taken separate and apart fcom her said husband, ackrawledged to and befwe me !ha! she eaesu~ld~td~iPsjiurr~~~ aid~ol(~- ~ rarily and w~thout any compws'~on, constraint, appre e~on, or fear of or f.om her said husband. • ~ V: r - ! WITNE55 my hand and offic~a! seal thi day of ~~~A. ¢j19~~~ . ~ ..i ` otary Publit in and for fhe oi~ F at r~~~~i ~ y Commissan expires: • ..t..•- ~ Retum Tov i Q~ NO7A4Y P(tB~fF,.•bT~ Fint Federal $avings 3 loan Association w^ ~i~;~y~ ~~AqG~ L MY 1..~~ ~ ) _'1 ~Yi [r: C r Of Fort P:e~ce. ~d - DE, - 2!'. 29~5 € Aond?tl I:.r.. .,cr.:.-r~l i^.,..re.-.:e u~.CE:w7.:erl. ! for. ~~e~ce. Fior~da Ft~EO AMD ltCCOROEO ~ ST.IUCfE COUNTY fLA. ~ ` ROGER a0{tRAS „~f! ~ : CtERlI C!R~UlT COlJAT ; ~ ~ This tnstrument Prepared 8y John W. co~q~lay~s'~FiEO~..... ~ First Federal Savings d. loan Association ~ 1l 4 2i PH of Fort Pierce , Flor ida thecked By ~ .-~-~0~-• - 8o~21Z ~109? ~ . , - - _