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Home My WebLink About1502 . • J. To p~~ce and co~nnvo~sty kcep on thn L~~:d~ngs now a he~rahe~ ~i~uate on so~d land and on +II equip~nent and perto~aUy covercd 6y thia morlg- ~g~, with ~11 premiumf thrreon pa d in f~ll, lire insurancr ~n the usual ftandard policy (orm, ie ~ tum app~oved by Ihe MORiGAC.tEE, and windstw~n insuranct in the usual ~~anda+d po+:<y (orm, in a sum approved by ~he MORiGAGEE, in such canpany or compan~es as tM MORiGAGEE may direct; and all fiie and w~ndsuum insu.ance poGcies on any of said build~nyi. •ny interci~ the+e~n or parl thereoi, in IM ~sy~ega~e wm dweuid w in t~cceu thereoi, shati con~ain ths usual standard ma~qafl~e clause or tuch o~her ctauss +i tM Mor~gagee may requ~re, maAinq the los~ uMier s~~d po1F cies, each end e~e~y, payab~e ~o said h10RTGAGfE se ~t~ iroerest may appear, and each and evc~y such poticy shall be promp~ly assgned and de~ivered ~o any held by said MORiGAGEE as (urihe~ security to said mortgage debt, and, no1 Ieu lhan ten (10) days in advance oi the eapirstio~ ol eath policy, to d~- IivN fo taid MORTGAGEE a ~encwal tfK~eol, toge~hK with a rece~pt }or the pramium oi ~uch renewal; and Ihere thall be ~w i~re or winds+orm ~nsurant~ pl~ced on ~ny of sa~d buildings.' any intere~t therein or parl thereof, ~nleu in the (orm ~nd wilh ths loss payable as aforesaid; and in the event a~y sum of money Ixcomes payable under such poliq o~ poGues said MORTGAGEE shall have the opt:on to receive and apply the Wme on accou~~~ oi the inJebted- neu secwed he~eby w to permit aaid MORTGAGORS 1o recaive and. use it or any part thereof tor ori~r. purposes. Y~~~f~OJ~ ~h,r.u~ wa~vin3 or u„pau- ing any equity, lien a right unde~ or by virtue of this R+or:gage; and in tM event sa~d MORTGAGORS shall fw any reason fail to keep the said premiias sp insu?ed, or fail Io del~ve~ p~omplly any of said polKies of insurance to sa~d MORTGAGEE;~ w fa~l promptly to pay fully any p.e~nium fherefw a in anY respect Fail to perfam, d~scha~ge, eaecute, sflec~, complete, comply wieh and ab~de by ~h~s covenant, or any part hereof, said MGRTGAGEE may place a~.d pay fw such insurance or any part thereoi without waiving w affecling any optia~, lien, equ:ty. or ~ight under w by vir~ue of this Mo~tga~e, and tht full smount of each and every such payment shall be immediaielY due and payable s~d shatl bear interes~ from the date the~eof.un~il paid at the rate ol nine per tentum per annum and to~rthrr with suth interHSt shaN !~e secured by ihe lien of this mortgage. 1. To permit, commit or sufter no wasfe, impairrtKnt o~ deterioration of said property a an~r part the~eof. 5. To pay all and singular the costs, charge~ and expenses, ~nctuding a reasonable a~~orney i tee and costs of abstracta of titte, incu~red or paid st any time by said MORTGAG:E, beca~se w in the event of ~he (ailure on tlu part of ~he said MORTGAGOR to duly, prornp~ly and fully perform, discharge. executa, effed, comp!ete, co+nply w~th and ab:de by each and every the stipulanons, agreements, cond~tio~s, and cove~ants of said promissory note and this mortgage any w either, and sa+d coats, charges and expenses, eech and every, shall be icom.d~ately due and payabte; wkether w not tAere be nonce dr mand, attempt •to collect w suit pend~ny; and the ful) amounr of each and every such paymeM shall bear iroerest from the date thercof until paid at the r~re of nine per centum per a~~~~u:n; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be setured by the lien of this ~ mortgage. ~ 6. That (a) in the event o4 any breach of this Mortgage or default on tF~ part of the MORTGAGOR, or (b) in .Ihe event any of saFd :ums of money herein referred to be not prompfiy and folly paid within thirty (30) days next after the same severally become due and payable, without demand or notite, or (c) in the event each and every the stiputations, agreeme~ds, co~ditions a~d covenants of se:d promissory note and th~s mortgage any or either are no1 ~uly, pranpdy and iul{y perfor.ned, d:scharged, exec~t~d, effected, canpleted, compGed with and abided 5y, then in either or any such eveM the uid ag gr¢gate sum mentioned in said promissory note then remaining unpaid, with inte~est accrued, and alt moneys secured hereby, shall betome due snd pay- able fathwith, or thereafrer, at the opr~on of said MORiGAGEE, as (ully and completely as if all of the said suma of money were aiginally stiputated to be paid on such day, anything in sa:d promissory note or in this Mortgage to the contrery notwithstanding; and thereupon or thereafter at the optio~ of said MORTGAGEE, witnout no~ice or demand, suit at law or in equity, therefore or thereaiter begun, may be prosecuted as if all moneys secured hereby nod matured pr.w to rts insGtvticn. 7. That in the event that at the beginning of or at any time pending any suit upon this AM1ortgage, w to foreclose it, or to reform it, or to ~nforte payme~t of any ciaims hereunder, said MORTGAGEE shall apply to the Gourt having jurisd:ctioo thereof for the appoinfinent of a Receiver, sucl~ Court shall Forthwith appoint a receiver of said mortgaged property all and singular, inctud~ng all a~d singuiar the ir.come, proYits, issues and reve~ves from whatever so~rce de~ived, each and every of wh;ch, it beirg exp~essly understood, is hereby mongagrd as if speuiicalty set forth and deurilxd in the g?anting and habendum clauses hereof, a~d such Receiver shafl have all fhe Moad and efiecrive tunct:ons and powers in anywise entrusted by a Court to • Receiver, and ::,ch appqi~tment shall be made by such Cou~t as an admitted equity and a matte? of absolute r~ghr to said MORTGAGEE, and witMut reference to the adequacy o~ inadequacy of the value of the property mptgaged or to ~he soivency or insolvency of sa~d MORiGAGOR w the deiendants, and Ihat such rents, profits, income, issves and revenues shall be apptied by such Receiver accord~ng to the iien a equity ol said MORTGAGEE and the practice of such rOUft. 8. To duly, promptly and fu11y perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, condit'ans and cove~~ants ~n sa~d promisswy note and th~s mortgage set forth. 9. That in the event the o~rvnership of the mortgaged prem~ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the l."ORTGAGEE, its successors and asslgns, ~~ay, w~tho~t ncr;ce- to the MORTGAOR, deat with such successor or successw in interest with reference to this _ mor~gage and the debt hare5y aecured m the same ma~ner as with !Aortgogor wiihout in any way vitiating w d~xharg~ng the Mortgagors' liability here- under or upon the debt hereby secueed. No sa!e of the prem~ses hereby mortgaged and no forbearance on the part of the MORTGAGEE or its sutcessors or assigns and no extens~on of the time fw ehe payment of the debt hereby secured given by the MORTGAGEE or its successws or auigns, ahall operate ro release, d~scharge, mudify change or affecr the orig~nal liabif~ty of the MORTGAGOR herein, either in whole or i~ part. 10. It is spec:fically agreed that lime is of the' essence of this contract and that no waiver of'any oblegation hereunder w of the obligation sr cured hereby shall at any time thereafter k,a he:d to be a wai~er of the terms hereof or of the instrumem secured herby. 11. In add~t;o~ to the forego:ng monthly payments of princ pal and interest required by the prom;ssory nore sec~red hereby, mortgagar covenants and agrees to pay to mortgagee with each monthly pa~.nent an add~rional sum ev~mated b/ mortgagee to be equal to 1;'12 of the annual cost of the follow- i:~g: . A-All real pra~rty taxrs levi~ oi assesced against ahe a6ove dexriycd real estare. B-Prcmiums on f've and windstorm insurance as herein rcqu'rrcd to be ca+ried on th> improvemerns situate on the above described premises. ' C-Premiums on such mort~_:ge g~aranry ir.surai~ce as mortgagee shall fro:r. Y•me to time deem fit to carry on the toan secured hereby. Mortgagee sha:l from ti~ne to '~~~e ne!~fy mcrrgagor ;n wrir~ng of the arr:ou~t due and payable hereunder and such sum sha!1 thereupon be due and ~ payable on the d~e aa!e of Ihe next mcm~sy paymerit and each wccessive month tfiereaiter ur.ti{ mortgagee shal~ notify mortgagor of a change in suth amount. Such wms sHail be app i~~d by mortgagee toward the payment of rea! property taxes, insuraoce prem:ums, and mo:tgage guaranfy insurance I premiums. ~ IN \YITNESS WNEREOF, the wid M AGpR has hereunto set his har.d and seal the day and year first afwesaid. ~ Si ned, Sealed and red the p s nce of: _ ~ sNn ~ _ _ . r5ea~ ~ (Seal) ~ , Seaq ~ STATE OF FLORIDA 1 y~ ~ S~al~ couNnoF St. Lucie ; (Seal) Before me rsonally a peared Willian F. Sa san and Bonita G. Sa son his wife a d Howaul W. Sampson and ~Ielen Sampson, his wi e and Baerson G. Sa~s W~~ ~nd Ii~~~•a~S~~s~n~ ~o ~ the individuals described in and who executed the fwegoirg i~strument, and acknowledged before me that they executed the same for the purposes ~~~er~jebnn;~~s~ And the :a~~onita G Samoson wife of the said Willias F Sarnson a~ -Hslen D: of thp said Hpnard W_ ~mnson and Iris T_ S~nnsnn wife ot ~~~$$n G. examinatlon by me takz~ separate and apart fromlhc~r said husbanc#facknowl e~ to and befwe me thatthorexecuted saidi~?syu,~ :f~_. ~ J~- tarily and without any compulsion, constraint, appre ns. n or fear of or fre~qr uid husband~, ~ WITNESS my hand and official seal this day. of h 9 • A.'p.'.19"?3 ~ ; Notar Public in and or tKe tr Of NdridD at yrrge: ~ ' My ommisiwn e:pirer ~j Retum To: . ~'a ~ First Federal Savings 3 Loan Association . . ~ Of Fort P:eree. ~ ''r~,... Fort Pier~e_ Flcrida ~ FILED AMU RECOROEO ~ ~ ST.I,UCIE COUNT1f~f~A. ~ ROCE~POITRAa ( ~ This Instrument Prepared ByJ. H. Robetts, Jr. RECORO VER~FIEp COURT ~ ~ First Federal Savings & loan Association ~ pf Fort Pierce , Rlozida Q~~ Checked B Y - i7 ~ ~~~34 . s s o13~, ~ BocKzlz PaCE15~ sb - - - - - - - - - - ~ 7:. : - ~ P.~~~~.. = M~..~ ~