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Home My WebLink About0512 ~ ~ 3. To plx~ and continvously keep on ths build;ngs now a Ixre~hK u~wt~ on sa~d t~nd and on sll equipmeM ~nd p~norully coverad by thii ma?g~ p~, with all pr~miumi ~hereon pa~d i~ fvlt, fire i~sur+nc~ io tht usual standa~d po1Ky form, i~ a sum approved by the MORiGAGEE, and winds~am iniw~~c~ in ~M uswl uanda.d pot+ry fo~m. i~ a sum approvsd by rM MOR1GIlGEE, in iuch company or companies a ~h~ MORiGAGEE may dh~ctj and all f'u~ sod w~nd~~orm iosurance polKiet oe any of taid build~np~, any inttresl therein o~ part thereoL In ths apyreya~e sum afpesaid or ~ in exceu thereof, ahall conlain ~he usual standard mortp~pN clwse u such othN clau~ at tF?~ Matqage~ may rcqu~re, makirp rhe los~ unde~ ~a~d polb ~ cies, exh u~d svay, payable w ~aid MORTGAGEE +s ~ti inte~esl m~y ~ppear, a~d each and eve~y such pol~cy shall be p~omp~ty ass.8ned and delivered to +~y Mld by aid MORTGAGEE ~i (ur~her sccurity to uid monysge dcbt, and, not leu tMn ten (101 days in advance of Ihe expiratio~ oi each policy, to d~- liver to said MORTGAGEE a renewsi tAereof, ~op~tha~ with a re~t~pf fo~ the pr~mi~m ol ~vch renew~l; and there ahall be no f~~e or windsto~m insurance placed on any of iaid buildings. ~ny intereit therein or part thereof, v~lesa i~ ths fo~m and with 1M loss payable a~ efaesaid: and in ths eveM any ivm 01 money becpmt~ payabte unde~ such policy o~ pol~cies taid MORTGAGEE shall have the opt~on to receive and apply the same on account o1 the indebted- neu secwed Ae~Iby w fo permit ssid MORTGAGORS lo ~eteive and use it p any parl the.eof for othcr purposes, wi~hout tharcb~ wai~i~~g or ~mpair- ing any aqvity, lien or righl under or by virtve of this rt+ort~age; ~~d in the event said MORTGAGORS shall for any reason faii to keep the said p~emisas so ~ insured, p faii b deiiver promptly ~~y of said policies oi insurance to aaid MORTGAGEE, a(aif promptly to pay fully any pre~nium therefor or ir? any respect fail b psrform, discharge. execute, e(fec1, complete, comply with and abide by th~s covena~~, a a~y part he~eof, said MORTGAGEE may place and { pay fw such irourante w ~ny part thereof without waiving a affetting ~ny option, tien, equity, or right under oa by v;rtue of this Mwtgage, and the ~ full amoun! of eath and evNy such payment ahall be immedi+tely due and payable •nd sMll bear interes~ from ths date thereof un~il paid at the rate of n~ne per centum per annum and toge~her with such inte~est shall be secured by the lien of this mortgsge. 1. To permit, commit or sufier no waste, impairmem w deteriwation of said propeity w sny part fhereof. 5. To pay all and singular the costs, charges and expenus, including a reasonable attdney i fee and cosrs of abstracts of title, incurred or paid a~ eny time by said MORTGAGfE, becauu w in tl~e event cf the fai~ure on the part of ~he said MORiGAGOR to duly, p~omptly and fully perform, d~schar9e, execote, ~ffed, complete, comply with and ab;de by esch and every the stipulations, agreements, conditions, and cove~anrs of said promissory note and th;s mortgage any or eifher, and said cosrs, char9es and expenses, each and eve~y, shall be immediately due a~d psyable; whether w nm there be no+~ce de~ mand, attempt to tollect p wit pending= and the full amount of each and every suth payment ahall bear interest from the date thereof untit paid at the .ate of nine per cenwm per annum; and ail said costs, charges and expenscs incurred a paid, logathrr w~th such inleresL shall be secured by the lien of th~s mortyage. ~ Q Tf?~t (s) in the ivinf of any breach of this Mwtgagt w default on the part of the MORTGAGOR, w(b) in the event any of said sums of moaey ' he~ein referred to be not promptly and fully paid within thirty (30) dayt nexl after the same seveially become due and payable, without demand or notice, or (c) in the event each aod every the stip:riatiuu, agreements, canditions and covenants of sa~d promissory note and th~s morfgage any or e7ther are not iuly, promptly and fully pe~formed, d~xharged, executed, elfected, completed, compl~ed with and abided 9y, the~ in either or any such event the said ag- gregate sum menYwned 'en said promisswy note tfxn remaining unpaid, with interest accrued, and atl moneys secured hereby, shall becwne due and pay- able foethwith, o~ thereafter, at the option of said MORiGAGEE, ss fully a~d completely as if all of the said sums oi money were w~ginally stipulated to be pa~d on such day, anything i~ sa:d p~omissory note w i~ this Mortgage to the cont~ary nofw~thstand;ng; and thereupon w thereafter at the option of s~id MORi^vAGEE, without notice o~ demand, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys setured hereby had matured prrot to its i~stituhon. 7. That in the event that at the beginning of or at any time pending any su~t upon thi~ Mongage, o~ to fweclou it, or to refwm it, or to enforce payment of a~y claims hereunder, said MORTGAGEE ahall apply to fhe Court having jurisdiction thereof for the appoiroment of a Receiver, such Court shall Forthwith appoint a receiver of said mwtgaged property all and singular, includ~~g aIl and singular the income, p~oi~ts, is:ues and revenues From whatever seurce derived, each and e.ery of which, it beirg ex/xessly understood, is hereby mongaged as if specificatty set forth and described in the granting and habendum clauses hereof, and such Receiver shall have sll the bcoad and effective funct+ons and powers in anywise entrusted by a Court to a Reteiver, and s~_ch appointment shall be made by such Court as an admitfed equity aad a matter of absolute ~ight to said MORTGAGEE, and without retererxe to the adequacy p inadequacy of the value of the property mortgaged or to the solvency o. insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, iuues and revenues shall be applied by such Receive~ according to the lien or eq~ity ot said MORiGAGfE and the practice of such CouA. 8. To duly, promptly and fully perfwm, dixharge, execute, effed, complete, compty with and abide by each and every the stipulations, agreements, ~ 1 conditions and cove~an~s in sa~d promisswy note and this mortgage set fwth_ - 9. That in the event the ownership of the matgaged premises, w any part tt~ereof, betomes vested in a person other ihan fhe MORIGAGOR, the N40RTGAGEE, its succeuors and assigns, may, withovt notice to the MQRTGAOR, deal with such succeuor or successa in interest with reference to this mortgage and the debt hereby secu~ed i~ the same menner as with rAortgagor without in any way vit~ating a dixharging the Mortgagors' liability here~ under or upon the debt hereby secured. IVo sale of the Fremises hereby mortgaged snd no (wbearance on the pa~t of the MORTGAGEE o1 its successors or assigns and no extension of the time (or the payment of the debt hereby secured given by the MORTGAGEE or its successors o? assigna, ahall operate to release, discharge, modify change or affect the wiginal liab~lity of the IKORTGAGOR herein, e+ther in whole w in part. 10- It is speuficalty agreed that time is of the essence of rhis conrract and that rw waiver of any obligat~on hereunder w of the oblgatron se- ~ c~red hereby shall at any time thereaEter be hefd ta be a waiver of the terms hereof or of the inslrument secured herby_ i 11. In add~tia~ to the faego'ng monthly payments of princ'pal and interest requ~red by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay ro mortgagee with each mo~thfy ~y~nent an add~rio~al sum esnmared by morrgagee to be equa! to 1 j 12 of !he annua! tost of the follow- ins: A-All real property taxrs levied o+ assess~-d aga~~st the above described real esrate. B-Pre:n~utns on fire and windstorm insurar.ce as herein requ~red to be ca~ried on the improveme~ts situate on th~ above described premises_ G-Premiums oa such mortgage guaranty insurar~ce as mortgagee shatl irom time ro time deem fit to car~y on the loao secured hereby. Mortgagec shall from time to t;~se norify mortgagor in writing of the amo~nt due and payable hereunder and such sum shal~ thereupon be due and ~ayable on the due oate of the next monthly payment and eath successive mo~th thereafter ur.tit mwtgagee sF~all notify mortgagor of a change in suth z~~ount_ Such sums sF.a(1 be apptied by mortgagee toward the payment of real property taxes, 7nsura~ce prem;ums, a,id mortgage guaranty insurance p~emiumS. IN WITNE$$ WNEREOF, the said ~AORTGAGOR has hereunta ut his hand and seal the and y r first afor said. oed Sealed i in the ~esence of: ` i~!%~'~~~ a4 E~ R~ ~Q s~ ucu~ cow~i~r ~p~~p p81Y11AS ~ s S Walker ~ap ui,~nasS. CIERx CtfCU1T COURY ~ . ~~a~ RECOilO YER=F?ED~.-.•'~" Fa R. Walker ' W ~~?~.SS' c (Seaq ~ SiATE Of fLORIDA ~ 9 ~.7 ~ • • i_ . . . a ~15, ~ i couNr~roF St. Lucie ,,,,~~~+:h~,.-' . ~ . . .r,,,•~. . _ _ Befwe me penonally appeared Jose h 5 Walker ~ ~ - and ~ his wife, to me oileJl~knoyvw}aad_kiiqwa-t6 me to bs rhe individuat~ described in and who execwed the foregang instrument, and acknowkdged before me tFwt ~hey execuf~d ~the sa'me fbr Jb~ purposes therein expresscd. e--i : ~ , ~ _ _ . ' - - - - - • - : ~ ~ • ; : ~ . - ~ , . '-~.4 : •~1 . WITNESS mv hand and official scal this 30th day of ~YCtI ` STATE Of NORTH CAROLINA , .,r •'`~'b. 19_~ - ~ ~ ~ . . COUNTY OF WI~ES Notary Public in and fw II~~f ~p(j ~~~ORIDAai LAR6E Mv Commission e:pirer. ~Y ~~~w~~~j 25, 1975 Before me personally appeared C0. to me wetl known and, , ~ f ~ the individual described in and who executed the foregoing instrument, and ackrww{edged before me ihat JChe exetuted tF~e'~ _,~`~~~M jp~+• •,W~,Cs . rherein expresxd. And the said F R W 1 1 w` .'•z +~~fe of the sa~d Joseph Walker ' s~ e q • exam~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she e ed saidf~~P}f~p~, y~~o~lun. _ rarfty and wrthout any compuls'~on, constraint, apprl~~e~a~on~fear of or from iband, s;~1t: ~ ~ WITNESS my 6and aod official seal thiL- day of 't~,~D.'» 7 3' r . This instrument prepared by : ~ ~ D. F. Holerger : ~ " First Fedezal Savings and Loan tary Pub ic ror rn~ s~,re ` n' s. A554C1aL10~l~~Ofo- OYL P~erce, FIOllad y Commisi expires: ti~~ y 4~~;' ~ - 3 'rli3« y.y ~~F:a.i~t-r: n.- ` . first Federal Savings 6 loan /issaciation • ,c. Ot Fort P.erce. ^ r " ~ . 1 fort P~erce. FIw1Ja QOGx ~1~~ 2~7!~~~ ~v V ~ tJ ^rV ~ _ _ :5 _ _ - _