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Home My WebLink About2801 3. To pix~ and coniinvoutly keap on tM buildin~~ now q Mreair~~ uwaN on ~a~d ~u+d ~nd on ~il ~equipme~t and penonally cov~red by thi~ mp~~ p~, with ~11 pnmiuma ~he~eon pa~d in lull. tire insur+nc~ in ~M uival iundard policy iwm, in ~ sum ~pprov~d b~ tM MORfGAGEE, •nd winds?am inwr~nc~ in rM v~wl iru,d,ud po~:q (wm, M i ium ~pprored by ~M MORTGAGEE, in wch company o~ companies a~M MORiGAGEE may dir~ctj Md aU t'w~ ~nd w~ndti~orm i~au?~nc~ polici~s o~ ~ny of said b~ild~nps, any i~ta~~~ the+ein a put tF~~of, in iF?~ a~qrep~~~ :um ~fa~taid o~ In ~xc~ss thNeoi. sMll conrain tM u~wl ~undwd ma~ys~e~ cfauw o? ~uch otha cl~uH n tM AAaty~~ may req~u~. makinp ~M Ioa unda ia~d po1F , ci~, each ~nd eve.y, p~yabl~ ~o sa7d MORTGAGEE ~s iq i~~cres~ may app~ar, ~nd each and every iuch poi~cy shall be prompNy as~.9~ed and delive~ed ~o •ny Mld by said MORTGAGEE ~s fur~he~ stcurity ~o s~id mwtps~e d~bl, and, not ku rMn ien (t0) da~rs i~ advance of the expir~tion of each policy, to dr tivN fo ~aid MpRTGAGEE a ~taswal Il?er~pf, topHhN with a nc~ipt fa tAe pr~mium ol tuth renewal; and ther• shall be no ilre or windstorm insurant~ pliud on ~ny of s~id build~rgs, ~ny int~r~st tMrein or p~rl ~M~wf, ve?ku i~ tM (orm ~nd wilh Ihe loss payabl~ as afwsssid; and i~ th~ ev~nt any sum of nwney beccmey payable unde~ such policy w polK'ai uid MORIGAGEE sMll Mvs tM op~wn ~o receive and sppty tM same on accoun~ of ~he indebted~ neu secured hNeby or ro pe~mit ~sid MORTGAGORS to rawiva ~nd vs~ it w any par~ thereol lor o~hcr purposes, w~dw.i~ ~harco~ wa~~in~ or m~pdir- iny a~y equiy, lien w righ~ unde~ a by vi~tw of this mort~yr, and L? the ~ven1 said MORiGAGORS tha!! fa any reason fail to keep the s~id premises w inavrad, a fail to deliver promptly ~ny of said policie~ of inwruKt 1o said MORTGAGEE, a fail prompt~y to pay fu11y any premium therefo~ a in any respect lail ro pKfam, dixharge, tYecWs, effact, complete, comply wi~h ~od abid~ by thii cove~ant, a any part hercof, seid MORIGAGEE may plate and pay fp such ir?iurance or any part thereof withouf waivirp w ~fiectiny any option, lieey eq~ity, or ri9hf unda w by vi~tue of this Allatgage, and tht full amou~t of each and ~wry such p~yment shall be immediately dw u?d p~yable and shall beu intere~l from the date thercof until paid at the rare ol n~ne per centum pe~ annum and togethe~ with wch interest shail be secured by the lien of this mat9age. 1 1. To permit, commit or suffer no waste, impairment u deterioration of said property w any part.thereof. ' S. To pay al! a~d sinpular the cosri, charges and expenscs, including • reasonable attwney i fes and costs of abstrocts of title, incurred o? paid at any time by said MORTGAGEE, because or in the event of the failure on the parl of the said MORTGAGpR to duly, p?omptty and fuliy periorm, d~scharge, execute, efiect, complete, comply with and abide by each and every the atipulations, agrecments, condilions, and covenanb oi said promissory note and this mortgage any w eithe~, a~d said cosb, charges and expenses, each and every, shall be immediately dve and payable: whethe~ a not there be not~ce de~ mand, attempt ro collect or wit pendings a~+d the fvll artaunt of each and every such paymcnt shall bear interesf from fhe date thcreof until paid at the rate of nine per centum per annum; and all said costs, char9es and expenses incurred or paid, together w~lh such interesl, shall be secu~ed by ~he lien of th~s mwt9ays. Q That (a) in tF?e went of any breach of this Mortgnge w defaul~ o~ the part of the MORTGAGOR, or (b) in the event +ny of said sums of ~wr+ey hereio refe~red fo be not prompNy a~d fully psid wi~hin thirry (30) days next after the same severilly become due and payable, without demand or ootice, or (c) in the event eath and every the stipulatio~s, agreements, conditions and covenanrs of sa~d promiuory note and th~s mortgage any w either are nof ~uly, p?omptly and fu1{y pe~formed, discharged, executed, effected, compkted, complied with and ab~ded by, then in either or any such eveM the said ag- gregate sum mentioned in said promisswy note then remaening unpaid, witA interost atcrued, and all moneys secured he~eby, shall become due a~d pay- abte foethwith, or thereafter, at 1he option of said MORTGAGEE, as tully and comptetely as i( all of the said sums of money we~e originaliy st~pulated to be paid on such day, anything in sa;d promiuory note or in this Mortgage to the contrary notwi~hsta~~ng; and theroupon w thcrealter at the option of said MORTGAGEE, without notice or demand, suit at law w in equity, therefwe or thereafter begun, may be prosecuted as ii alt ~wneys setured hereby had matured prlw to its instiivtion. 7. Thet in the event fhat at the beginning of or at any tims pending any suit upon this Mwtg~ge, w to ;oretloss it, w to refwm it, or to enforce payment of any tlaims Fxreundtr, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointmenl of a Receiver, such Co~rt shall Farthwith~appoinl s receiver of said mortgagad propcrty all ind singulsr, incfud~ng al! and singular the income, profits, iisues and revenues from whatever source derived, each and every of which, it being expressly u~dcrstood, is hereby mortgaged as if speulically set forth and desuibed in the granting and hab~ndum clauses hereof, artd such Receiver shall have all the broad and effective funcrions and powers in anywise entrusted by a Covrt to a Reteiver, and such appointment shall 6e made by soch Coun as an sdmitted eqviry and a ma~ter of absotute ight fo said MORTGAGEE, ~nd without refere~ce to the adequacy or inadeqvacy oi the value of tlx property morlgaged w to the solvency or insolvency o( said MORTGAGOR o~ ihe .defendants, and that such rents, profits, income, iuves and revenues shall be applied by such Receive~ accord;ng to tlu lien a equity of said MORTGAGEE and the practice of such Court. . 8. To d~ly, promptly and fully perform, discharge, execute, eftect, complete; comply with and abide by each and every the stipulations, sgreements, conditioro and covenants in said promissory note and this mortgage set forth. - 9. That in the event the ownersh;p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MOBTGAGEE, its successo?s and assigns, may, without notite to the MORT~iAOR, deal with such sutcessor or successor in interest with reference to thia mortgage and the debt hereby secured in the same. manner as with Mortgsgor without in any way vitiating o~ discharging tlie Mortgagors' liabilify FKrr ~nde+ d upon 1he debf 1~ereby secured. No sale of the Fremises hereby mortgaged and no (orbearance on the parf of the MORTGAGEE or its successws ar assgns and rw extension of the time for the paymem of the debt hereby sccuted given by the MORTGAGEE or its successora or auigns, shaH operate ro release, dittharpe, modify change or affect the original liabil;ry ot the MORiGAGOR herein, either in whole or in part. i0. It is spec:ficaJly agreed that ti,ne is of the euence of this a~tract and that no wsiva of any oblyat~on hereu~xkr w of the obli~ation sr cured hereby shall at any time thereafier be held to be a waiver of the terms hereof or of fhe instrument secured herby. 11 _ In add~tion to the fwego~reg monthly payments of princ pal and interest required by the promissory note secured hereby, morfgagor covenanis and agrets to pay to moctgagee uvi?h each monthly'payment an addiiwnal sum es~imated by morigagee to be equal to 1; 12 of the annual cost of the follow- iny: - A-All real property taxes kvied'o~ assessed aga~nst the above desaibed real estate. • B-Premiums on fKe and windstorm insurance as herein requ~red to be carried on the imFrovemeats siluafe on fhe above described premises. C-Premiums on such mortgage gua.anty insurar,ce as mortgagee shatl from time tn time deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable he?eunder a~d such sum shall therevppn be due and ~ayable on the due date of the next monthfy payment and each successive month thereafter ur,til mortgagee shall notify mortgagoi of a change in s~ch amount. Such sums aF.all be appl;ed by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurence premiums. IN WITNESS WHERFOF, the said MORTGAGOR has hereunto set his hand and seal the day and ye fir afwewid. Signed, Sealed and delivered in the prexnce of: ~ ~ , aq ~ ond T Bi o ~q ~ d Sea4 ; _onnie 8. Bisho~ ~~p + f ~ STATE OF F10RlDA I ~ ! COUNTY OF € Ray~ond Bishop ! Befo~e me personalty appeared a~ COTITIl@ g~ B~StIOp his wife, to me well known and known to me to be ~ the individuais desaibed in and wFw executed the foregang instrument, and ackrwwltdged before me that they executed the same for the purposes ~ rherein expreased. And the said COTIII~Q B. Bishon , i wife of the said Ra,yno~d.__T B~sbOn upon a separate and private € examinat7on by me taken separate and apan from he~ seid huYband, scknowledged to and before me that she executed said instrumeM freely and volun- ~ rarily and without any compulsion, constraint, apprehe ion, or fear of w from her said hus6and. ' ~ WITNE55 my hand and officiat ual this day ' A:"-D. 19_Z~ { • ~ ti _ ~ ~ otary Public in snd w St pe'• ' aa . . ~ My Commission ex res: C'~ ' STATE oF FL RIDA ~ ~d.~~~ ; c~ s +n ~ NOTARY PUBUC,. ' r o: ~ DOCUMENT~IRY StAMP TAX ~ ~ry ~pM~ilsS`i,}~. ~R `~?S ~ DEP1. Of RE1?FNUE ` ~ ~rdA,.y~~~~~ :'~~s. ' - = - - 2539`7'7 ~ 1~~- ~ ' - ~ x:~r.~r ! ~ ' ~ - _ P~. . 'n • _ O 3. O O ~ ~ " ' ~ 3 ~ ~ ~~~7~ ~4~~ ~ I J~• . . t f '~~•,.rP:ia , y~ ~ FtlEO Al1~ RECORDEd ~ ~ ~'"""~N~~'~~~ . ~ This Instrument Prepared By Joht~ W. Cpllins ST.lUC1E COUNTY fLA. ' ~ First Federal Savings & Loan Association ROCER POITRAS ` CLERK Cl~~CUIT COURT ~ ; of Fort Pierce~ Flo=ida ! RECORD YERIfIED~ ~ ~ Checked By ~ p ~4 ,u ~ ~7 1117 4nRK?~~ ~nC~ 2797 dz - - - _ . _ . - - - -