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Home My WebLink About0651 ~ To plsc~ and coroinuously 4cep on tha buitdings now or MrNfltr ~itwN o~ sa~d land and on all rquipment ~nd p~non~lly covored by ~his mat~ ay~, with ~1) premivm~ thereon p~~d in full. f~re insv~ance in ths u~ual ttandard policy lwm, in •~um app~oved by the MORiGAGEE, and wind~torm iniuru~c~ in tFa u~ual st~nda~d pol~cy fam, in a sum approved by ~M MORTGAGEE, in ~uch company or compan~e~ a ~hs MORTGAGEE may d'aetq ~nd all fln and w;nds~orm insura~ce policiei on any of iaid build~n9i, ~ny intt~~st therein w part thereof, in ~he ayyreyare wm aforewid a in ~xteu thereof. shal) contain 1M ~sual st~ndard malpa~N claus~ w such o~her tlaus~ p 1M Mal~age~ may requ~r~, makinp the toss under sa~d poli~ ci~s. ~ach and ~very, payabt~ to wid MORTGAGEE as iti intcre~t inay aFpear, and each and every s~ch policy shall 6e prompNy ~ss:gned and delivered ~o +ny held by said MORTGAGEE ~s furtha security to said matyaye debt, and, not Ieu tMn te~ (10) days in sdvance oi the expir~tion of e+ch polity, to de- IivN to taid MORTGAGEE ~ rtnewal ther~of, to~~htr with a receipt for ths pr~mium of such renewal; and ther~ sha!! be no f~rs or windstam inturor~ce Pl~ad on ~ny of said buildings, ~~y inter~st 1hKai~ or part thereof, unbu in th~ form ~nd with tM lou payable as afae~aid; a~d in the event any sum of money peccr,~es payable unde~ iuch policy w pol~c~es :aid MORiGAGEE ahall have tM optia~ to receive and apply the same on account of the indebfed- netf tetu~ed liereby Of to ptrmit ~sid MORTGACiORS 1o rKeive and uie it O? a~y parl lhereOf f0? othc~ purposes, v,ithoul th:rci~/ waivi~z~ o~ unpair- inp any eq~~ty, lien or right under a by virtw of this mo:tgage; and in ~he ~vent ia~d MORTGAGORS slmll foa any ~easori fail to keep the sa~d premisrs so inwrcd, or fa?I ro deliver promp~ly ~ny of said po~Kiei ot ins~rance to said MORTGAGEf, or fail promp~ly to pay ful~y any premium therefor o. in any raspect fail b pa(am,, dixharge, exetute, effect, complete, comply wlth snd abids by thit tovenanl, or any pa?t hereof, said MORTGAGEE may place and paY fw such iraurance w any pan thareof without w+iving w ~ffectinp any oplion. lien, equity, or right under w by virtue of rhis Mortgage. and the full amouM of each a~d eveiy such payment sh~ll bs immediately dw and payable and shall bea~ interest i~om the dats thcreof until paid at the rate ol n~ne per tentum per annum and to~Nher with such interest shaH be iecured by 1he lien of this mortgage. • . 1. To permit, commit or suifer no waste, impairment a deterioration of said property w ~ny parf thereof. S. To pay all and singulsr the costs, tharges and expenses, includirg a reasonable attorney i fee and costs of abstracts of titte, incu?red w paid at any time by said MORTGAGEE, bccause w in the event of the failure on the part of the said MORTGAGOQ to duly, promp~ly and fully perfwm, d~scharge, execute, effect, complete, comply with and sbide by each end every tl+e stipuls?~ons, agreements, conditions, and cnvenants of said promiasory note and this mortgage ~ny w either, and seid casts, charges and expensea, each and every, shall be immedistely dus and psyable; whe~her w not there be notice de- mand, attempt_to collecl or suit pending; and the f~ll amo~?nt of each and every such payment shall bear iroerest f~om the date thereof until paid at the rale of nine per centum per annum; and all said costs, charges and expeaus intwred w paid, together w~th such interes?, shall be secured by the l;en of Ihit mortgape. 6. That (s) i~ the evant of any breach of this Mwtgsge or default on the part of the MORTGAGOR, ot (b) in the event any of sa~d sums of money herein referred to be not promplly and fully paid within th~rty (30) days next aiter the same xveraily betome due and payable, withovt demand a notice, or in the event each and every ~he stipulations, agreements, conditions and covenants of sa~d promissory note and th~i mortgage any or either are no~ ~uly, promptly and fully performed, d~scharged, exec~ted, eifected, completed, compl~ed with and abided 9y, then in either w any s~th event the said ag gregate sum memaned in said promissory note then rema;ning unpaid, with inreaest acuued, and all moneys secured hereby, shall become due and pay- ab~e fwthwith, oi thereafter, at the option of said MORTGAGEE, as fully ar+d completely as if all of the said sums oi mo~ey were wginslly it~pulnted to be pa~d on such day, anytAirg in said promiuory note w in this Mortgage to the contrary notwithstanding; snd fhereupon w thereafter at the op~ion of sa;d MORiGAGEE, without ~otice w demand, suit at law a in equity, therefwe w thereafter begun, may be prosecuted as if all moneyf secured hereby had matured pnor to its instit~tion. 7. That in the eve~t that at the beginning of or at any time pending any suit upon this Mortgage, w to Iorectose it, or to reform it, or to enforce payment of any daims hereunder, sa;d MORTGAGEE shall apply to the Court having jurisdiction th¢reo( for the appointment of a Rete~ver, such Cou~f :hall forthwith appoint a recciver of said mwtgaged property all and singular, includ~ng all and singular the income, profits, issues and reven~es irom whatever source derived, eath and every oi which, it being ezpressty understood, is he~eby mor~gaged as if specificaSly set forth and destribed i~ the granting and habendum clauses hereof, and such Receiver shall have all the b?oad and efiective functions and powers in anywise entrusted by a Courl to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right to said MORTGAGEE, end without refererxe to the adequacy w insdequacy of the valve of the property mortgaged or to the sowency a insolvency of said MORTGAGOR p 1he defendants, and that such rems, profits, income, issues and revenues shall be applied by such Receiver accwd~ng to the lien or equity bf iaid MORTGAGEE a~d the {xactice of such Court. 8. To duly, prompfly and fully pe?form, diuharge, execute, effect, complete, comply with snd abide by each and every the stipulations, agreements, condiYans and covenams in sald promisswy note and this mortgage ut fwth_ 9. That in the event the ownership of tha mortgaged p~emises, w any part thereof, becomes vested in s person other than the MORTGAGOQ, the h!ORTGAGEf, its svcceuws and assigns, may, without norice to fhe MORTGAOR, deal wifh such successw o~ sutcessor in interest with reference to this mortgage and the debt hereby secured in the same mann¢r as with Mortgago~ without in any way vitiating W dixharging the Mortgagors' liability here- under or upon the debt hereby sec~red. No ule of the premises hereby mortgaged and no iorbearance on the part of the MORiGAGff o~ its successas or assigns and no eztension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successors w auigns, a~iall operete to releaae, discharge, modify change w affect the orig~nal liability of the MORT6AGOR herein, titixr in whole or in part. ]0. It is spec~fically agreed that time is of the essence of this contract and tiwt no waiver of any obGgation hereunder a of the oblgatan se- cured he~eby shatl at any time thereafser be held to be a_waive~ of the terms hereoi or of the instr~ment secured herby. 11. In addition to the forego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment an addirional sum esrimated by mortgagee to be equal to 1/12 of Ihe an~ual cost of fhe follow- ing: A-Al! ~eal property taxes levied or.assessed agai~st thc ahove described real estate. B-Premi~ms o~ ?ire and windstorm insurance as herein requ~red to be carried on the improveme~ts sitvate on the above described premises. C-Premiums on such morlgage g~aranty insurarce as mortgagee shall from time to time deem fit to carry on the loan secured heraby. Mortgagee shalt irom time to_ time notify mortgagor in writing of the amount due and payable hereunde~ and such sum shall thereupon be due and payable on the due ciate of the next monthly payment and each successive month .thereafter ur,til mortgsgee shall notify mortgagor of a change in such a+nount. 5uch sums shall be applied by mortgagee toward the payment of reaV p~operty taxes, insvrance prem:ums, and mortgage guaranfy insurance premiums. , IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a ar first aforesaid. Signed. Sealed and i' ered i he presenc of: ~ a~ L1o d J. KlTtg (Sean . . Seal) M aret A. Ki ~ai~ STATE OF FLORIDA ~ COUNTY OF St . LLC 1@ 1 Before me penonally sppeared Lloyd J. King ~ ~ t and ~ " Mar4ar¢t A. Kina his wif~, to me well knowq aqd tc~to~rn_fo to- the individuals described i~ and who executed the for oiQg inst~ument, and acknowledged before me tiwt they executcd fh~. aAe~e'Epi fhe Margaret A.~Cing rherei~ expressed_ And the sa;d r ~ wi/e Pf tFf~ 3aid Llovd J Kinq t~~~~-~~ ~ upow• a Sgparate and private e,camination by me taken separate and apart from her said huaband, ackrawledged to and before me that she executed said instrurt~at freely and Voliitr.s rarily and w~thout any compvlsion, constraint, apprehens'o~~ a fear of or from FM~ said~husband. ~ ` ~ WITMESS my hand and official xal this day of ~ ' A T11 F- °A. p~ 19' ~3-`f , : ~ ~ Not y Pubtic in and r t State of Fidridp at Latge My Commission expires. ` ~""y ` Retum To: ' ~1 Q t'...,a[i ~ J• 7~ J / fint Federal Savings d~ loan Association i ~ Of Fort P~erce. ~ ~ fort pier~e, ~lorida ~ ~ "1- This Instrument Pre ared B John W. Collins fIlEO ~ND P.ECORDEp ~ p y ~T. ~UCtc" COt1NTY Fl.A: First Federat Savings 8 Loan Association RO~En P~~TRAS of Fort Pierce ,Flor ida CLEi~K Ct~CU1T COURT ' 11FCOR(1 VER?FIED Checked By ~ A~~ 18 3 4s PH'73 ~ ~ L.ORlDA 0 R A ~ ~OC~ ~ ~A~Y -,,y ~„tAMP TAX ~ BooK 2~3 P ~E ~ o ^ _ ~ sz~z~ ~2175~ 2 ~ : ~~~o: 1 . - w _ - "K,.-^r~' ~`-~~."<;~j,j r y,~.:u- ~b .a-4~, ,:~;-raa,: ~t . _ '