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Home My WebLink About1205 3. To pf~c~ ~~d conrinuou:ly kesp on ~M bu~'d~ngi now a herealtn ~~w~~ on s+~d I~nd and on ~1{ cquip~n~N ~nd p~~sonally to~tred by Ihif ma~9- p~, with all premiums Iha~ew~ pa+d in 1~11, f~re in~ur~nce in ~M u~wl s~~ndud pol~cy lotm, in ~ wm approYad b~ ~hs MOR~GAGEE, and w~nds~um ~~swanc~ in ~M uswl sea~dard po7~cy (wm, in • sum approv~d by ~Iw MORTGAGEE, in tuch tompany or campaniss ~i tM MORTGAGEE may dir~ctj and aU (ir~ ~nd w;ndti~am insura~c~ polK~es on any ot tsid buitda+ya, ~ny intenil tMrQin o~ part thereaf, in th~ ay9~cyat~ ium afw~said or In ~ac~ss Ihtreof. thaU contain tM uswl s4ndard maega9e~ dauk a tuch otlwr claua~ at IFw Ma~pays~ may reqwn. makiop the loss vnda u,d polr cies. ea<h and ~vtry. paYable to said MOAiGAGFE its inlere~t maY ~ppsar, and exh and every suth policy ~hail b~ p~ompdy au g~ed and detivered to ~ny held by aaid MORIGAGEE ~s further security lo u~d matyafle deb~, and, not lesi than ts~ (10) days in advance ot ~he expir~l~on of eacF? policy, to d~- liw~ to said MORTGAGEE a reaewal Ihercof, ~oqe~her wirh a receipt for the p~~mium of svch renewal; snd ~here shaU tx no G~e or winds~o~m inw~a~ce plKed on ~ny ol said buildings, any intereN therein w part the~eof, unless In ths torm and w~th tM loss p~yable a(aeiaid; and in the evenl a~y sum of mon~y becanes p~yable unda such policy a policisi said MORTGAGEE ~hall havs the op~ion ~o receive arxl apply the iame on stcovnl oi the i~debted- neu ;etur~d hsraby Or ro permil said MORTGAGORS to roteive and us~ it p~ny parl thereoi for other purposrs, w~~hout th.~~uf wai~~ng o~ u~~pair- ~ng +ny aqvity, lien or right under w by virlue of thii mortqage; and in the event sa~d MORTGAGORS ihall fw any reason isil to keep the said p~emisrs w insu~ed, o~ fail fo deliver promprly any ot said policief of insu~ance ~o said MORTGAGEE, w fail promplly to pay fully any pre~mum therefor or in a~y respect fail fp pQrfam, discharg~, execute, efFect, tomplete, comply wilh and ~bide by this covenant, p any part hereof, said MORiGAGEE may pl~ce and ' pay fw iuch insurance or any pt~t the~Mf w:thout waivir+g w affectinq ~ny option. lien. eq~ity.'a righe under or by vinue of th;s•Morlgage, and tht ; full amount of each and every iuch payment shall be immedistely due and piyabls ~nd shall bear intere~t f~om ths date ~Fureof untii paid at ~hs ~ate ol ; nine per tentum per annum and together wi~h such interest shall be secured by the (ieo of this mortgsge.. . ~ 3 1. To permit, commit or suffer no waste, impairment or deterioration of said properry w any part thereof. ; 5. To pay all and iingula? the cos~s, ctiarges and expenses, including a reasonable attorney i fee and tosts of abstrads of title, incurred w paid st ~ any tim.e by said MORTGAGfE, becauu a in the event of the failure on the parl of the said MORTGAGOR to duly, promptly and fully perfotm, d~xharge. ~ execute, effec~, complete, compty w~~h and ab:de by each a~d avery the stipulat~ons, sgreements, conditions, a~d covenants of said p~omissory note and thii morrgage any o~ either, and sa;d cosrs, charges and expenses, each and eve?y, ihall be immediately due and payable; whether a not there be not~ce dr mand, attempl to collect or s~it pend~ng; and the full amount of each and every such payment shall bear intere:t from ihe date thereof umit paid a~ the rafe of nine per centum pe~ annurn; and all said wsts, charges and ezpenses incw~ed a paid, logelher w~th such interesl, ~hall be secured by tFx lie~ 01 this mortgsge. 6. 7hat (s) in the event of any breath of this Mortgsge or default on tFr part of the MORTGAGOR, w(b) in the event any of said sums of mo~ey here7n referred to be not promptty and fully paid wi~h~n th~rty (30I days ne,ct after the same sevcrally betoma due snd payable, without demand or notice, or {c) in the event each and every the s?ipulations, agreements, conditions and covenants of satd promisswy note and th~s mortgage any or either are ool ~uly, promptly and fully performed, d~scharged, execu~ed, effected, completed, compl~ed wi~h and abided Sy, Ihen in either or any such event the sa~d ag gregate,wm mentioned irt said promisswy nore then rema~ning unpaid, with interest accrued, and all moneys secured hereby, sAall become due and pay- able forthwith, w thereaiter, at the op~ion of sa~d MORiGAGEE, as fully and completely as if all of the sa~d sums of money were orginally st~putated to be patd on such day, anything in sa:d prom~uo~y note or in this Mortgage to the conr~ary notwithuand;ng; and ~}~ereupon or Ihereafter at the opdon of said MORTGAGEE, without not~ce or demand, suit at law or in equity, theretore w Ihereafter begun, may be proxcuted as if all ma~eys secured Ixreby nad matured pr~pr to ~ts institution. 7. That in the event that at the beginn;ng of or at any time pending any su~t upon this Mortgage, ar to iweclose it, w to refwm it, o~ to enforce payment of any cla~ms hereunder, said MORTGAGEE shall apply to ~he Court having ju~~sd~c~ion thereof for the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mwtgaged prope?ty all and singutar, intlud~ng all and singular the income, p~ofifs, issues and revenves from whatever source derived, each and every of wh;ch, it being expressly unde~stood, is hereby mortgaged as if spec:fically set forth and dewibed i~ the granting and habendum clausei hereof, and such Receiver shall have all the broad and effeaive f~nct~ons and powers in anywise entrusted by a Cou~t to a Receiver, and such appointmenf shall be made by such Court as an admitted equity and a matrer of abwlute righi to said MORTGAGFE, and without reference to the adequacy or inadequacy of ihe value oi the property mortgaged or to the sotvency or ;nsolvency oi said MpRTGAGOR or the defendants, and that such ren~s, profits, income, issues and revenues shall be applied by such Receiver scco~ding to the lie~ or equity ol said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, comptete, comply with and abide by each and every the stipulations, agreements, c~nditions and covenants in sald promisswy note and this mongage set forth. 9, that in the event the ownership of the matgaged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGFE, its successors and assigns, may, withovt ~otice to the MORTGAOR, deal w~th such successor or successor in interest wi?h reference to this n:o~rgage and the debf h¢reby secured in the same manner as with ~Aortgagor withovt in any way vitiating w d~scharging the Mortgagors' tiability. f?err ~nder or upon the debr hereby secured. fYo sale of the Fremises hereby mortgaged and no fwbearance on the parf oi the MORiGAGEE or its successors or assigns and no extension of the time fo~ the paymenl of the debt hereby secured given by the MORTGAGEE or its svccessws or au~gns, ahall operate to releax, discharge, modify change or affect the original liabil~ty of the MORTGAGOR herein, either in whole or in part. ~ 10. It is specifically agreed that time is oi the essence of this contract and that no waiver of any obligaf:on hereunder or of the obligstan se- ~ cured hereby sFall at any time thereafter be hetd to be a waiver of the terms hereof or of the instrument secured herby. i 11. In addtion to the forego'ng momhly payments of princ'pal and inrerest requ~red by the p~om;ssory note secured hereby, mortgagor covenaNS f and agrees to pay to mo:tgagee with each menthly payrnent an addirional sum est~mated by mortgagee to be equal to 1: 12 of the annua! cost of the follow- t ing: A-All real property taxes levied or assessed against the above described real estate_ B-Premiums on fire a~d windstorm inwrarce as herein requ:red to be carried on the improveme~ts rtuate on the above described premises. C-Premiums on such mortqage guaranty insurance as mortgagee shall from time to time deem fit to carry oa fhe ban secu~ed hereby. i Nlortgagee shall from teme to time notify mortgagor in writing of the amount due and payable hereunder and suth sum shall thereupon be due and ' cayable on the due date of the next monthly payment and each wccessive month the~ea(ter ur,til matgagee shall notify mortgagw of a change in such ? a~:ount_ Such sums sF.all be apptied by mortgagee towerd the payme~t oi reat prope~ty taxes, insurance prem:ums, artd mortgage gua?anty inwiance p~emiums. , IN WITNES$ NHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. ~g , Sealed and delivered in presence of: an 1~ James R. Thaxton ,~aq 4 - ~ C-~ ~/~f+w~+-.1 ~Seal) - Elouise C. Tha ton r~aq SiA7E OF fIORIDA ' couNrr oF St . Luc ie ; u- Before me personally appeared J8111@S R. ThdXtoII a~ EIOt115@ C. Thaxton his wife; fo me well known and known to rrK to be the individuals desuibed in end who executed the fwegoing instrument, and ackrsowledged before me that they executed the same for the purpoaes fherein expressed. And the said ~ELQ L115@ C Thaxton ~vife of the wid .TdID@5 K. '1` aX OTi examination by me taken separate and apart from r said husband, atknowt upon a separate and private tar;ly and w~thout any compulsion, constraint, ~ ~9~ to and befwe me that she executed said instrument freely and voi~~r „Lol.fear of or from ' husband. WITNE55 my hand and official seal thi ' C K day o rch A, D. 19 73 1 ~1 ~z.z l Notary Pub~ic in and for the State of Fsari~'=st l~pe My Commiuion expires: ; ~ `'a; 1 • ~ ~ ~ Retvrn To: ~ ; ' ~ ` First Federal Savings d. loan Association Of Fort P~erce. MY i C0~l~1PUB11C. SJATE p( q•• fort P~erce, flor,da .a p '~S~ON EXP/RFS lA1r, ~ ] ~n ,Ly, ~ ~?v. C J• •~~1'~ 8ankers In~yn~ , : ~ ~ ~ _ • .''-••.Q.•••'4\?°.~~ ?IlEO Af1~ RE~OROED ~,T'~~~ This fnstrument Prepared By Gazy F. El lxood 51. lUC~~ GOUNTY FLA. First Federal Savings 8 loan Association R~~~~ %O~TRAS ~ of Fort Pierc RlOrid~ CLEP.K C~;^,CUIT CBURT ~ PFr,~;rC V~ ~ ,f ~EG.~~ ~+~"'r" Checked By~ ~ Zp 3 39 PH ~ 3 aoo~~12 ~~2Q~ s~ ~ `i'ti~ . _ . . _ _ _ " - ~~-.M°~h:."`•`?htti~ ;...v _ ~ ~~_T I ~~~1J Y~ ~ 5y' ~e'~ ~3, F'YhSx.'~' j _ ~ . ~