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Home My WebLink About0402 , i ~ ~ ; . • • t v • 1. To plx~ and continuousty keep on the bui!d,ir~~ now a he~eaf~t~ si~uaf~ on s~id la~d and on all eqvipment and par~orylly covtred by thl~ mwt¢ +g~, wilh all premiums Ihe~eon pa~d in full, i~re insu~anca in ~he ~sual sunda~d po1Ky fwm, in • sum app~ov~d by the MORIGAGEE, and winds~orm ini~ranc~ in ths uswl s~~ndard pot~cy fam, in • sum ~pproved by tM MORTGAGEE, in such company or compan~es ~~~.~h~ MORiGAGEE may directt ~~d all firs and windstorm i~yura~ce policiai on any of ssid buitd~npt. ~ny iro~~e~t tMrti~ o~ pat lhereof, in Ih~ apqrcq~~~ :um ~fu~taid o~ in ~xceu thertol, shall contain th~ usval srandard matQape~ claus~ a such otF~t~ c1~us~ ~he Morlgagee may requ~r~, makinp ~he lou untla ~a~d po1F cies, esch and evay, payab~~ to said MORTGAGEE as its imerest may appsar, ~nd each and eve.y ~uch policy shall be p~omptly ass flned and d~tivered to any held by said MORTGAGEE ~s further security to ssid mor~ya~~ debt, and, not less than ten (!0) day~ in sdvance of ths sxpiration of e~ch policy, to d~- live~ to said MORTGAGEE a r~newal thereof, lone~her with a recsipt iw the premium of tuch renewal; and the~a shall be ~o f~re o. wind~~orm insu.ante placed on •ny of iaid buildings, ~ny interest fhN~i~ or par~ therwf, u~leaa in ~F~ fam and with ~hs loss payabl~ as ~toresaid; and in the ~vsnt any ~um ef mo~ey becomei payable vnder suth polity a policiss said MORTGAGEE shall have ~M opt~o~ lo receive and apply the same o~ accouM ot tAe indebted- ~ neu setured herQby o~ to permil said MORTGAGORS to tcteive and us~ if or any parl Ihereof for otncr puryoses, w~thou/ tha.~p/ waivi~u~ or ~mpair- ~ in~ any equity, (ien or right under or by virrue of this mortgage; and in the even~ w~d MORIGAGORS sl~all fa any ~eawn fail to keep the said premises so insured, o? fail to deliver promptly any of said polities of insurancs 1o said MORTGAGEE, w fail promptly to pay !ully any pre~nium therefo~ w in any resped fail to perfwm, discharge, execute, effect, complete. comply wi~h snd abide by this rnvenant, w any part hereof, said MOATGAGEE may place and paY fw such iroviance w any part 11»reof without waiving or afiectirg any op~ion. lien. equity. w right under a by virtue of this Mortqa9e. and the full smount of each and every svch payment shall be immediately due and payable and shall bear inlerest (rom the date thereof until paid at the rate ot nine pa~ centum per annum and together witA such interest sha!! be iecu~ed by ~he lien of tbis mortgsgs. i To permit, commit w sufler no wasts, impairmcnt a deter'wralion of iaid properry w any paA tAereof. _ 5. To psy all a~d singular the costs, tharges and expenses, including a ressonable attorney i fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because or in the event of the failu~e on the part of the said MORTGAGOR to duly, prompfty and fully perform, d~scha~ge, execute, effect, complete, comply with and abide by each and every the stipulatio~s, agreements, conditions, and covenants of said promisswy note a~d this mwtgage any a either, a~d said cosri, chargea and expenses, each and every, thall be immediately due and payable; whetFur w r?ot the~e be no?ice de~ mand, attempt to collec? w suit pend~ng; and the fult amount of each ~nd every such payme~t shaU ~ca~ interea~ from fhe date thereof until paid ~t Ihe rate of nine per centum per annurn; and all said coats, charges snd expenxs incvrred or paid, together w~th suth interest, shall be secured by the lien of fhis i mwfgags. ~ , 6. That (a) in the event of any breach of this Mwtgage w defautt on the part of the MORTGAGOR, or (b) in the event any of seid sums of money ~ herein referred to be ~ot promptly and fully paid within thirty (30) days next after the same seve~ally become due and payable, without demand or notice, or ~c) in the event each and every the stipulations, agreements, conditions and covenants of sa~d promiuory note and th~s mortgage any o~ either are ~01 iuty, promprly~and fully performed, d~schs?ged, executed, efietted, completed,'complfed with and ab~ded Sy, then in e~ther a sny svch eveM tAs said ag gregate sum mentioned in said promissory note then remaining unpaid, with imerest accrued, and all moneys secured hereby, sAatl becwne due and pay- ahle fwthwith, or thereafter, at the optio~ of said MORTGAGEE, as tully and completely as if aN of the said wms of money were aiginally stipulated to be paid on such day, anything i~ said promissory note or in this 1Nortgage to the contrary ~otwithstanding; and thereupon w thereafter a1 the option of said MORTGAGEE, without not~ce ar demand, suit at law a in equity, therelore or thereafier begu~, may be prosecuted as if all moneys secv~ed F~eby had matured pnor to iri instirution. 7. That in the event that at the beginning of or at any time pending any su~t upw~ this Mwtgsge, or to foreclose it, or to refam it, o? to enforce payment of a~y tlaims hereunder, said MORTGAGEE shall apply to the Court having jurisdrction thereof fw the appointment of a Reteiver, such Court sha(1 Forthwirh appo~nf a receiver of said mwtgaged p~operty al! and singular, including all and singular the income, prof~ts, issues and revenues from whatever source derived, each a~d every of which, it bei~g expressly understood, is hereby mortgaged as if spec;tically set forth and destribed i~ the granting and habendum clauses hereof, aod such Receiver sFall have all the lxoad and effective funcnons and powers in anyw~se ent~usted by s Court to a Receiver, and such appointrnent shall be made by such Court as an admined equity and a matter of absolute rigF~1 to said MOR7GAGEE, ~nd without reference to the adequaty or inadequaty of the value of the property mortgaged w to tF~e wlventy o~ insolventy of iaid MORfGAGOR w the defendanfs, and Ihat such renes, profits, income, iuues and revenues shall be applied by such Receiver according to ~he lien w equity of said MOR7GAGEE and the practice of such ~ CouA. _ i 8. To duly, promptly and fully pe?iwm, discharge, execute, effect, complete, compty with and abide by each and every the stipulations, agreements, conditioru and covenants in ued promissory nore and thls mortgage set fath. 9. Ths! in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTCaAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successor w successo~ in interest wi~h refereoce to this mortgage and the debt hereby secured in the same manoer as with Mortgago~ withovt in any way vifiating a discAarging the Mortgsgors lisbility here- under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbe-arance on the par~ oi the MORTGAGEE or its successws or assigns and no extension of the time fw the payment of the debt hereby secured given by Ihe IIAORTGAGEE or its sutcessors or auigns, shall operate to release, dixharge, modify change w affect the original liability of the N10RTGAGOR herein, either in whole w in part. 10. It is spetificatly agreed that time is of the essence of this contract and that ~o waiver of any obligation hereunder w of th¢ obl'galion sr cured hereby shall at any time thereafter be held to be s wai~er of the ferms hereof.w of the inslrument secuced herby. 11_ In add~tion to the forego:ng monthly payments of princ pal and imerest required by the promissory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthiy payrnent an add~rional sum est~mated by mortgagee to be equal to 1/12 of the an~ual cost of the follpw- ing: A-All real property taxes levied or assessed against thc above described real estate. 8-P~emiums on fire a~d windsrorm insurance as herei~ requ~red ro be carried oo the improvements situale on tbe ahove described premises. . C-Premiums on such mortgage guaranty insurance as mortgagee shall from time fo time deem fit fo carry on the loan secur~l hereby. Mortgagee shail from time to time notify mortgagor in writeng of the amount due and payable hereunder and such sum shall thereupon be due and payable on the due date of the next monthly payment and each success~ve month thereafter urril mortgagee shall notify mortgagor of a cha~ge in such a~~ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem;ums, and mortgage guaranfy insurance premiums. i IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day ar~ ye~Yfirst afore~ d. ~~i~L/ i Signed, Seafed and ered the presence of: ~%'i / ~ L cv ~ .n _ ilson . al r ~ ~.n ~ ' { ~ _ n' Doro P Wa2ker an STATE OF FLORIDA ~ ~ St. Lucie ' COUNTY OF • i 8efwe me penonally appeared Wilson Waiker ~ a~ _ Dorothy P. Walker _ , his wife, to me well knowr? ~tid'lcnown }ar"t~~-6~ the ~ndividuals described in snd who executed 1F~e faegoing instr~ment, and atknow{edged before me ihat they executed~tGe~tia'rri`e'`fW.t}1~,~p0~e~ rherein expressed. And the sai ~OZOt~7 P~ Waiker ~-1 ~~r_.. wite of the sa~d ~~ZSOtI J• Walker . I~ ~ upon-a,separafe-awtl ~p'tirtft! examination by me taken separate and apart from her said husband, etkrawledged to and befwe me that she e:etuted s~ instru~enl fteey qr?~vOlU~p rarily and without sny compulsion, constraint, apprehensiory or fesr of or from her said husband. • ! z~l. ~ ~ 1 ~ ~ 93 WITNESS my hand and official seal this- ~G day of Ap 1• F~• • ~ - ~ ~ Ci N ary Public in a for St'ate o'f~Hprids at'~atye' ~ My Commission expires ~ ^ lS,r Return To: _ Q~.~•'. L~ 7 First Federal Savings b loan Association ~ ' OF Fort V~erce. Fort Pier~e, Florida _~~~{~4QVI~~Y F~ This Instrument Prepared By D• F. iiolerger ~d~E~ ~!T c~EA~ c~r.,u~t~ov~tt First Federal Savings & Loan Association IIECORO YERtfiEDr..~..,~. of Fort Pierce ~ R1oZ~d8 l Checked By ~ tI 3j ~ ~?3 oR ~252249 soox 213 ~ ~0~ ls ' ~ - - - - - - - _ _