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Home My WebLink About0508 To plx~ and confinuously te~p on IM b~ildinpi now o~ FK~~aftN ~ilualt o~ s~Id I~nd ~nd on ~II equiqntM and p~ryon~lly tovered by thit mott¢ ~pe. w~~h d~ W~n+iums ~h~.eon W~d (ull. 1~?e insur~nca in ?he uiu~l sundard poi~cy tam, in ~ sun+ ~pp?ov~d by tM IiAORTGAGEE, snd wir?ds}wm imw+~c~ in tiw vswl suadard pol~cy fam, M ~ wm ~pprov~d by ~M MORTGAGEE, in such company a canpan~es u ~M MORTGAGEE n+ay dincti ~nd all f'u~ and windstorm iruwann polici~s on any oi said buildinQs u~y intKtst tMr~in or pa?t thereof, in tM a~yreyae~ wm afa~uid a In ~xceu tMrwf, shall contain tM uiwl s~andud mor~yapN cisus~ a such other clws~ as tM AAortyape~ m~y requN~. ma4inp tM lou under sa~d polh ci~s, eacA and ~vKy. payabl~ ro said MORTGAGEE as its imerett may app~ar. a~d each u~d ~very iuch policy sMll h~ prompUy au ynrd and detivereu ~o aey heW by iaid MORTGAGEE as iwther security to iaid m«tys~e debt, and, nw I~q tMn tee p0) days Io ~dwnc~ ot the ~xpir~tion oF NCA pO~ity. to dr f~vw ro wd MORTGnGEE a renewal theaeof, ~opethN with • nc~~pt fw tM pr~m~wn of tuch ~enewal; ar+d ~her~ ~h~ll b~ no i~re or wind~~o~m insuranc~ plac~d on ~ny of said buildinps. ~ny interest thet~in w pa?1 Iht~eof, unku in th~ foim ~~d with tF» bss payabl~ as •fasiaid: and in the w~M any ium of nwney bacpeys piy~bte unde? such poiicy or policies aid MORTGAGEE shaN Aaw rh~ optan to reteive and ~pply ths iams a+ accoum of ths Indebted- nets secu~sd hl+~by p b pOrmil said MORiGAGORS to reteive ind use it Or ~ny part thereof lo~ othe~ pv~poses, withp~f th>reo/ waiving o~ ~mpair- ~nq any puity, li~n a right unde? o~ by vutue of ~his mortyaye; and io tM ~vent sald MORTGAGORS shall fo~ a~y ~eason fail to keep tAe aa~d p~emisrs so inawed, or fail b drlirer promp~ly ~ny of said policies of irnur~nce to s~~d MORTGAGEE, w fail promptly to pay fully any premium therefor w in iny respect fail b pKfwm, dixha~ge, executs, effect, compkte, comply with and abide by this rnvensnt, w ~ny pa?~ hereof, said MORTGAGEE may place and paY tor such inwrance w~ny paH thereof without waiving or affecti~p a~y option, li~n, eqv;ty, w riyht under w by virtve of this Nbrtgage, and the full ~mouM of ~ach and every such payme~t shall be immed'utely due and payabk ~nd thall bear inte~est from ths daq thereof until paid a1 the ra~~ ot nine pe~ tentum per annum and together with such interQSt shall be ~ecured by the lien of th~s morlpage. t. To permit, tommit a suffe? no wuts, impairment or deterioration of said property or a~y par! thereof. S. To pay all and sinpulu the casts, charyes and expenses, includinp a reasa~abls ~ttw~ey's fee snd wsti of abstrscts of title, iacurred a paid at a~y time by said MORTGAGEE, because or in tF?e event of the (ailure on ths paN of the said MORTGAGOR to duly, promptly ~nd fully perfwm, diuharge. execvte, effecl, complete, comply with and ablde by each ~nd every the stipulatio~s, sgreements, tonditions, s~d corenanb of said p~omisso~y nate and thi~ mort9age any w either. ~nd sa;d co~ts, cMrge~ and eapenses. each and eve~y, sl»II b~ imnediately due and p~yable; whether a not there be notKe de mand, attempt to co11M or wit pending; ~nd tha f~ll amount of exh ~nd every wch paymcnt shatl bea. intereit from the date thereof until paid et the rare of nine per centum per am~um; and all uid cous, charyes snd expenses incurred or paid, ~ogether w~th iuch interest, thall be srcured by the lien of this r.wrtQay~, _ b. ihst (a) in.the even~ of any braach of this Mortga9e o? default an tM part of the MORTGAGOR, o~ (b) in tl~e event ~ny o~ satd sums of money herein roferr~d 1o be no~ promptly and fulty paid wirhi~ thirty (30) days next afte~ ths ssme severatly become due and payabk, without demand o? notice, or in the event each and every the stip~tations, agreaments, conditiau and tovenants of said promiuory note and th~s mwtgage a~y o~ eitlxr are no1 iuly, promptly and (ully perfwmed, d~uharged, executed, effected, compteted, complied with and abided by, then in e~ther a any such event fhe said ag gregate sum mentaned i~ said promissory npte then remaining unpaid, with interest atuued, and _all moneys secured hereby, shatl betome due and pay- able forthwith, or thereafter, at fhe option of said MORTGAGEE, as f~lly snd completely as if ~II of the said wms of awr?ey were o~iginslly st~pulated ro be paid on such day, anything in sa+d p~om~ssory note a in this Mo?tgsge to the contrary notwithstsnding; and thereupon or thereafter at the option of said MORTGAGEE, witho~t noeice or dema~d, suit at law w in eq~ity, therefore or ~hereafter beg~n. may be prosecuted as if all moneys secured hereby had matured prwr to in irutitution. 7. That in the event thar at rhe beginnirg of or at any time pe~ding any su;f upon this Mortgsge, or to fpeclose Tt, w to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof fw the appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singuisr, inctud~ng all and singutsr the inteme, prolits, iuc~es aM! ~evertves from wbatever soures daived, each and every of which, ii bei~ e:pressly unders~ood, is F,ereby mwtgaged si if specifically set fath and deacribed in the yranting and habendum clauses hereof, and such Rcceiver shall have all the broad and effective turxt~ons and powers in anywiu entrusted by a Court to a Receiver, and •uch appointment shall be made by such Cov?t as an admifted equity and a matfer of absolute righl Io said MORTGAGEE, and without reference to the adequscy a inadeq~acy of the wlue of tl?e property mortgaged or to tFx so~vency w insolvency of said MORTGAGOR a the defendants, and ihat such rents, profiri, incwne, iuues and revertues tha(1 be applied by suth Receiver accotding to ~he lien ot eq~iry of said NlORTGAGEE and the prattite of such Court. 8. To duly, promptly and fully pNio~m, discharge, execute, effect, complete, comply with a~d abide by each and every the stipulations, agrecments, conditions and covenenti in said promissory note and this mortgage set forth. 9. That in the event tF~e ownersAlp of the mortgaged premises, o~ any part thereof, becomes vested in a person other thsn the MORTGAGOR, the MORTGAGEE, iri sutcessws and auigns, may, without notice to the MORTGAOR, deal with such successa w succe:sor in interest with refere~ce to this mortgage and the debt hereby secured in the same maru~er as with Mortgaga without in any way vitiating p dixharging 1he Mongagors' liability hert under a upon the debt hereby secured. No sale oI fhe premises hereby mortgaged and no forbearance on ttx part of the MORTGAGEE w its successora w auigns and no extension of the time for the payment of the deb~ hereby setured given by the MORTGAGEE or its successors w auigns, shall operate ro releax, discharge, modify change w af/ect the original liaoitity of the NIORTGAGOR herein, either in whole a 1n part. i0. It is spetifically agreed that time is of the euence of this cont~ad and that rw wsiver of any obl'gatron hereu~der w of the obl'igation so- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrumeM secured herby. 11, In additio~ to the iwego:~ monthly paym~nts of p.inc'pal and interest req~ired by the promisspry no:e secured he~eby, mortgagw cove~ants and agrKS to pay to mortgagce with each monthly payment an add~rional sum est~mated by mo?tgagee to be equa! to 1~ 12 of /Fie annual cosl of tFrc follow- i ng: A-All real property taxes levied or' assessed agaMst the above described real estate: B-Premiums on fire and windstwm insurance as herein requ~red to be carried on the improvements sitvate on the above described premises. C-Premiums on such mortgage guaranty insurarce as mortgagee shall from time to time deem fit to tarry on !he loan secured hereby. Mortgagee shail from time to time norify mwtgayor in wriung of the amq~nt due and psyable he~eundzr and such sum'shall thereupon be due and _ Fayable on the due date of the next monthly payment and eacF+ successive month thereafter until mortgagee shall notify mortgagor of a chaoge in such amount. Such sums shalt be appfied by mdrtgagee tovrard the payment of real propeny taxes, insurance prem:ums, and mortgage guaranty insurance premiums. - IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his. hand and seal the d nd year first sfw Signed, Seakd and detivt 'n fhe resence of: - - ' I) , aq , sh . . s~.n STATE OF fLORIDA ~ COUNTY OF St . Ll~C 1Q . Befwe me personally appeared John E. Sapp ~ ZOIa 1`~ S+~ his wife, to me well known snd known b ins fo bs the individusls described in and whaoe=a Jed *he foreyoing instrument, ant! ackrwwtedged before me that they executed the same fj& .~y,~ ~poses rherein e: essed. And the said Z T• ~?~+f z ~ S2?DP %:~-;'t~- - John B . Sapp - ~ : ~ wife of the said ' ~ ' • ,TU~.~~ieTe ~nd pr~ifl~:f . examtnation by me taken separate arx! apart from her said h~aband, ackrawtedged to and btfore me that she execvted,sa~ 1~tyr~:freely and'vohiri~;-. ; tarily and withovt any compvlsion, constraint, ap~ hepst~Qn, or fear of or from her id f?vsbartd. ; r--- WITNESS my hand and official ual this lf) n da of A 1 ~ Y ^ A D. 19~~,.~ = - o _ , Notary P blic in and fw -S ~ •f r9s.' - ~ ""r 3•~ ys~.~. - fl,~ ~~~'1~ . - . Return To: f ~ ~ ' Fint Fedenl Savings d. loan Association C S~~ . Of fort P~erce. • Fort Pierce, Ftorida ~~~~~~6~. ~j This tnstrument Prepared By J. H. Roberts, .Ir. ~11 First Federa! Savings b Loan Associafion ~ 1~ . of Fort Pierce , F lor id a ~'~B Checked B ~ ~ ~ ~ ~13 js gcoK 213 PrcE 507 252321 ~