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Home My WebLink About1213 3. To p~ace end <on~inuo~s!y keep o~ :l~e lwi:d~r.9~ now o+ l~ereafte~ t~t~ate on sa~d ~~~d +nd cn s~t cqu~p~~~rnt and per~onelly cove~ed by thif mo~~g- ~g~, wi~h •1) premwmi thcreon pa,d ~n full, 1+rr inswan~e ~n the utiud tmndud po~~ty to~m, in a tium ~p~uo+ed by ~he MURIGAGEE, a~~d wmdi~am intiu~a~ct in ~h~ usual s~andard po~.cy lam, in a ~um approved by ~he MORTGAGEE, in such ca~~pany or COm~N~~tt ~s ~M MORIGAGEE ~++y d~rect; and all fi~s and w:ndsto~n~ insurance po~~c~rs on a~y of uid build~n9f, +ny inte~est therein or p~~t thtreol, in ~he a99~ega~e ium afwetiad or in ~~ecesi ihcrco(, ~hall :uroain the usual i~anda~d mortgayes clauss a iuch o~her clau~~ ~s tM Matgi9ee may reqv~re, makiny the loss unds~ ~a~d polt cie~, e~ch and every, paYab:e ~o sa~d MORiGAGEE as ~ts inie~rst may appear, a~d each and every tuch po!~cy s~ell be prwopNY +ss gned and delwe~ed ~o ~ny held by said MOR~GAGEE as tu~ther security to eaid mortgage debt, and, not lesi tha~ ~en (10) days in adra~xe of the exp~ra~~on o~ e~ch policy, to d~- liv~~ to said MORiGAGEE a~e~ewal thereof, toge~her wuh a recapt (a tF?e wemium oi such renewal; and ~here shall be no t~re or windsto~m insuraoc~ pteced on any of sa~d build~ngs, any interest there~n or par~ thrreoF, v~less in ~he fo~m and wiih the loss payeble a~ afaesaid; end in the ev~n1 any sum of money becomes payabte under such pelicy or poGcies iaid MQRIGAGEE ahall have ~he opnon to rece~~e a~~d appty the sa~ne on account of Iha indabted ness secured ht.eby or to perm~t sa~d MORTGAGORS to recrn•~ and uss it w any ~an therco~ icr o:n• r pu.E.cirs, v.~~h.~.,t ih U~ 'N31+~V~~~ u~~pa~r ing any equ~ty, lien w r~ght undrr or by virtve ot this mo:'gage; and in the event sa:d M0~2TGAGORS shafl fw any reason fail to keep the sa~d p~emisas so insured, or fail to delive~ promptly any of said ~:olicies ot insurance 1o sa~d MORiGAGEE, ot fa~l promptly to pay full~• a~y prem~wn therefw or ie any respect fail ro perform, d~scha~ge, execute, effed, canplete, comply wi~h and ab~de by this cove~ant, a any part hereo(, sa~d MGRTGAGEE may place a~.d pay fa svch insurance or any part ihereof w~~hout wa~ving or affecting any opt~on, lien, equ~ty, w ~~gh~ u~der w by v~rtue of ~his Matgage, •nd the full amount of each and every such payment shalt be ~mmediata~y dve and payaGle and shall bear inte~esl lrom tha date the~eaf until paid at the rate ol nine pe? centum per annwn and togrnc~r wdh such iroerest shafi be secured by the lien ot this mortgage. 1. To permit, commit or sufier no waste, impairment w dcterioretion of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable atto~ney's fee and costs of abstracts of title, incurred or pa~d at any time by wid MORTGAG:E, because or in the event of the failwe on the part of ~he said MORiGAGOR to duly, pranpNy and fully perform, d~uharqe, execute, effect, complete, comp~y w~th and ab:de by each and every the stip~lat~ons, agree~nents, conditions, and covenants of sa~d promissory note and thii mortgage any or ei~her, and sa~d costs, charges and eapenses, each and every, shall be immediately due and payabte; whether or not there be notice da mand, attempt ro co~iect or suit pendmg; and the fu~l amount of each and e~ery such paymem shall bear inrerest from the da~e lhereof until paid •1 the rate o! nine pe~ centum per an~w:n; an~ aU said costs, charges and cxpensea i~curred or paid, togather w~th such in~e~est, shall be secured by the tien of this mortgsge. 6. That (a) in the event of any breach of thia Mortgage or defaul~ on the part of the MORTGAGOR, w ib) in the event any of safd sums of money herein referred to be not pro~r~ptly and lully paid within th;rty (30) days next after ~he san,e severa~ty become due and payable, without demand or notice, or (c) in the event each and eve~y the stipu:ations, agree~nen~s, con~if~ons and covenants of sa.d pranissory note ar~d th,s martgage any w either are not ~uly, prompdy and fu~ly performed, dacharged, e~ecuted, effected, canpleted, compfied with and ab~ded Sy, then in enher a any such eveM the sa~d sg gregate sum mentioned in said promissory nute then re~naining unpaid, with inte~est accrue~, and all moneys secured hereby, shatt become due and pay- able forthwith, o~ thereafter, at the opt~on of said MORTGAGEE, as iully and comple~ely as i) all of the said sums of money were aginally itipulated !o be paid o~ svch d~y, anything in ia:d pro:n~ssory note or in this Matgage to the con~~ary notwi~hstanding; a~d fhereupon or thereaiter at tFx option of sa~d MORTGAGEE, wi?hout noT~ce or demand, suit at law w in rquity, therefore w thereatter begun, may be prosecuted as if al) mo~eyi secured hereby h~d matured pr~w to ~t•s inst;tut:on. ~ 7. That in the evrnt that at ~he beginning of or at any time pending any suit upon this Mo.tgage, or to fweclou it, or to reform i1, or ro enforce payment of any daims here~nder, said 1dORTGAGEE shall appty to the Court having ju~isdction thereof fot the appo{ntmeM of a Reteiver, such Cout1 shall forthwith appo~nt a rece~ver of said mortgaged propertl all and singular, inc(ud~ng aIl and singular ~he i^come, profits, issues and revenues from whalever source derived. each and every of wh~ch, it ba;ng expreasly understood, is h.ereby mor~gaged as if spec~f~calty set forth and deuribed in the granting and habendum tlauses her~oF, and such Rrceiver shali have ail the broad and effective funct~ons and powers in anyw~se entrusted by a Court to a Receiver, and s~:h appointment shalt be made by such Court as an ad~nitted equity and a matter of absolute right to said MORTGAGEE, and without reference ~o the adequocy or inadrq~acy of the vatve of the property mwegaged or to the so~vrncy or ~nsotvency of sa~d MORTGAGOR or the defendanis, and that such renrs, profits, inco~ne, issues and reven~es sha71 be appiied by such Receive~ accozd~ng to the lien or equity of said MORTGAGEE and the practice of suth Courf. 8. To duly, promptly and fuily perform, dis:harge, execute, effect, co:nplete, comply w;th and ab~de by each and every the stipuiations, agreements, conditions and tovenann ~n s~~d promissory nqte and this mortgage set forih. 9. That in the event the ov+nersh~p of the mor!gaged premises, or any part thereof, becomes vested in a person o?her tha~ the MORTGAGOR, the h'.ORTGAGEE, its successo~s and assgns, may, wnhout notice to the MORiGAOR, deal with such successw a successor in imerest with reference to this mor~gage and the debf he:eby secured in tha same manr.er as wi~h Morrgagor wtthout in any way vi~:ating or d.scharging the Nbrtgagors' liability herr under w upon the drbt hereby secured_ No sale of ~he Fremises hereby mortgaged and no ~orbearance on the part of the MORTGAGEE w its successors or assigns and no exrer:s:on of the time for the payment of the deb~ hereby sec~red given by the 1110RTGAGEE or its successors or au~gns, ahall operate . ~o release, d~scharge, mod~fy change or affect the orig~nal lianifiry of the MORTGAGOR herein, either in whole w i~ part. 10. It is spec~ficalty agreed that time is of the essenca of this contract and that no waiver of any obligat~on hereunder or of the obligation sr c~red hereby shall at any time thereafter be held to be a waiver of the terms bereof or of the instrument secured herby. 11. ~n add tlo~ to the forego ng moathiy paym=-nts of princ pal and intr~est req~ired by the pTOmswry notz secured hereby, mortgagor covenants , and agrees to pay to mortgagee wnh each mon!h~y pair.:ent an add~ri~nal sum es~•~ ated by mortgagee to be eqval to 1. 12 of the annual cost of the follow- ing: . A-Alk rea! property tax_s le•i~e~ o• assessc3 a~a~•,r. thc aF,o~e descri~ed real esrate. B-Prem~uns on f~re and a.i~,dstx~n insu~3rce as h=rein req~~red to tse.car•~cd on the improvements situate on the above described premises. i ~ C-Premiun~s on s~ch mort~age guaranty ies~~ra.~ce as mortgagee shail from t:n,e to ti~ne deem fit to carry on the loan secured hereby. Mortgagee s~aii f.cm ri:nc to t~n,e ncT~fy mertyagcr m wr'rtfng cf the amou~t dve and paya~le hereundrr and such sum shait thereupon be due and ~~~abte on the due da!e ef the n~u~ n,onth:y payir..~nt and each wccess~ve monsh tnereaftrr ur.tii mortgagee sh~ll not~fy mortgagor of a change in such ~ a~:o~nt. Such sums sFa:! F:e apy:ied by rnortgager roward the payment of real property taxes, insurance prem;ums, and mortgage guaranfy insurance pr~m~~ms. IN V'JITNESS 'NHEREOf, the said MOATGAGOR has hereunto sef his har.d and seal the day and year fi~sl aforesaid. ~ Sigl`ed, Seal d delivered in the pr nce of: . ~ +n , z•.~ cseso ~ ~ tSean --r, - + (Sesq STATE OF fLORIDA / ~ L~ ~ Seal) COJNTY OF St. Lucie _ ~ (Seal) Before me personalty appeared O!1 bi ~i~@ d H0~3Zd-~~ ~ampson and Helen D. Saapson, his wife and BaeYaon G. Saapsa~ Wap~,I,~r si~ ~~,,,Sa~~s„~~ ro ro ~ the individvals described in and who executed the foregoing insvument, and acknowledged befote me that they executed the same for the rposes rherein exp~essed. And the said G• Saa~son~~rife O~ t21@ said willias • S~:OlI 8IId ~1~ ~ `~~PsR~ os the saidH4ll~~ M. Sa?snson and Irfs T. S~son,wife of the said Baer~~naG~xa~~~r~ e.amination by me taken sepa•ate and apart from~er said husbared~acknowledged to and before me that~hej/executed said instrument fr~lY ~~yplu~l-.'~:"' tari{y and vi~thout any comp~ision, constraint, apprehens~o~n, or fear of or fromdhAr said husbandS, ~ . ~ ~ WITNE55 my hand and offiual seal this__ day of ' p~l`~:'~9~-- ~-`3- ` . . . ~ , , , - - i a• 11 ~ i ' ' y 4 ~ otary Public in and for the State of Florida ~f:lar~s ! - ~ My Commission e:pire~~,/ ~ J r~ Return To: Q ~I • ~ ' 'b . . ~ First Federal Savings b loan Associat~on . ~ ~ ~ ~ % ~Ct P~crce. ` - ~ ~ ~ i > : For: Pf_.ce, Flor~da ' - F~~EC ay^ ~EC~RDEO . '~t~?f~ - ST.IU~:= : 4UNTY FLA. ' R0~ _ ~ ~ aaS ~ . - CLE~~ : i ~ItT COURT This Instrument Prepared By J, H. Roberts, JY. ______Q~_ First Federal Savings 8 loan Association ~7r- ~ - of Fort Pierce ~ Rlorida MAR 1~ 3 3s PH '73 Checked By ~ ~z~z ~~zs~ , _ _ _ - - r~.,