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Home My WebLink About2805 3. To plac~ and continuously kNp on tM b~riidlnQi now w M~eaitN 4waa on ~~id land a~d on all equip.~eeu ~nd p~non~ily cov~r~d by ~hii mor~y- ~p~, w~th dl p~eniums IMrwn pa~d in fu14 tire in~vrance in tM uwal i~andard policy tam, in ~ s~m approwd by ths MORtGAGEE. •nd wi~dstorm tnwranc~ in ~tw uwd •randa.d pol~cy IaM, in ~ sum appov~d by tM MORTGAGEE, in wch company o~ canpuua u tM' MORiGAGEE ~++y d'u~ctj and all fk~ and w~htam inswance polici~s on ~ny oi said buitd~np~, ~ny int~n~t d?a~a+ or p+?t 1Mr~of, N? tM pprt~~?t sum ~}attaid a 1~ ~ccna Ihe~wf. aMll ca~taia ~h~ vwal standud morr9a~ c1ws~ a ~uch aha clws~ u ~M Ma~paye~ may ~equu~. makinp tM Ioss unda sa~d pol} ci~s, each and ~wry. paYabl~ w sa~d MORTGAGEE a~ in intHKl maY and tach and ~v~ry ~vch policy sMli b~ prompny ass.pocd a~+d delive~nd ~o ~ny Mld by s~id MORTGAGEE ~s turthN s~cv~ity to said mat9s~ debl, and, ~ot kst tMn tM (t0) d~ys in advanc~ oi ~h~ e:pir~tion ot e~ch policy, to dr I~vK ro ~aid MORTGAGFE a ~enewil tM?~of, tops~her with a nceipt iw tM prtmium of such r~newalj and ~hen sMll b~ no f~~e o~ wi~dstwm in~urana plac~d on ~ny of s~id Iwildings. any lnte~est tha~in w p~r~ tM?eof, w+l~u in tM tam a~d wi~F~ th~ loss p~yible u ~ia~iaids ~~d in tM ~v~nt ~r+y iwn of morNy becpn~~ pay+bt~ w~der such pslky or policie~ said MORTGAGEE ahall I~w tM option ~o raceive and ~pply the fame on account o( ~M indebted~ neu sKUred ht~aby w q permit s~id MQRTGAGORS to receiv~ ~nd W~ h or any part IhereoF lot other purposes, ~~~~hout tharev~ waivi~~g or u~ipair• ~n9 any pu~ty. li~n a right under or by virtue of this mor.yay~j ~i+d in 1M went wid MQRTGAGORS ihall Iw any reason'f~il to keep Ihe said p~emises so ; in~wed, w fall to dellva promptly ~ny of uid policiss of insu~anc~ to sa~d MORTGAGEE, u fail promptly to pay fully ~ny premium tAereia w i~ a~y respect fail ~o periwm, diuha~gs, exec~te, effed, complate, comply with ~nd ~bid~ by this cove~ant, w any part 1?Heof, said MORIGAGEE may place +nd pay for iuch insu.ance o. any part ihereOf without walvinQ a ~ffectinp any opfan, 1'~en, equity, w right unde. w by virtw of ~h~s Mort9aye, and the full an?ount of ~ach ~nd ~wry tuch paymer?t shall be ierwrediately dw snd payable snd shall beu interest from ths date thereof umil paid at tM raa of nine pe~ tentum pe~ annum ~nd together with such interest shaU be stcured by the lien of fhis mwtQapa. ~4. To psrmlt, commit or suffa no wasts, i~npairment or deterio?alion of said property o~ ~ny paN thereof. 5. To pay all a~d t~nQvtar ths costs, ch~~Qcs ind expenses, inctudi~ a reasor+able attwncy i fee and costs of abstracts of title, incurrad or paid at any time by said MORiGAGEE. because w in the tvent of the failure on the part of the said MORTGAGOR to duly, promptly and fully per(orm, ditcAarge, execute, eftect, complett, compty with and ab;de by each snd every tho sripulations, agreements, conditiw~s, u+d covenants of said promiswry note and this mort9ase any w eithe+, ~nd said cosn, ch~rges ~nd expenses. each and every, shall be immediately due and payable: whether or ~ot there be no~ice de~ mand, ittempt to tollett a wit pe~dinp; ~nd the full smouM of each and every suth payment shall bea. intere~t from ths dals thereof vntil p~id ~I tM rare of nine per ce~tvm per anuum; and all said costs, charges and expenses incurred w paid, Iogether with such imerest, shall be Kcured by the lien of thw mwt9ag~. 6. Thst (a) in the eveet of any breach of this Mwtgage or defsult on tM part of the INORiGAGOR, or (b) in ths event any of sa~d sums of mor?ay herein ~efe~r+nd to be not promptly and fully paid with;n thirty {30) days next afte~ Ihe same severally become due •nd payabk, withoul demand w notite, or in the evcnt exh and every the :t~pulations, a9reementi, conditans and covenants of sa~d promiuory note and ~h~s mortgaqe any a eiiher are not iuly, prompNy and fully perfwmed, d~scharged, executed, effected, completed, complied with and abided hy, then i~ either w any such event the said ap~ greg~te wm mentioned in said promi:sory note then remaining unpaid, with interest acuued, and all moneys secured hereby, sMll become due and pay- able fwthwith, o~ thereafter, at the option of said MORTGAGEE, es fully a~d compteteljr as it sU of the wid sums of money wcre oripinslly stipulatcd ro be paid on such day, anythirg in said promiuwy note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafte~ at the op~~on of said MORTGAGEE, without not'Ke w demand, suit at Isw w in equity, therefore or thereafter begun, msy be prosecuted as if sil mo~eys secured hereby had matured pnor to ib irqtitution. 7. Thaf in fhe eve~t that at tF+e beginning of or a! any time pcnding sny suit upon this Nb?tgsge, w fo fwecbse it, w to refwm it, or to enfwce payment of sny claims hertunder, said MORTGAGEE shall apply to the Court having jurisdictiwi thereof fw the appointmmt of a Receiver, suth Cour1 shail Forthwith ~ppoint s rettiver of said mwtgaged property aN and singutar, inclvd~ng all and singvlar fhe income, profits, issues and revenues from whatever source derived, each and every of which, it beinp expreuly understood, is hereby mortgsged as if specifically ut fath s~+d dewibed in the granti~g and habendum cl+uses hereof, and such Rcceiver shall have atl the broad and effective functions and powers in anywise entrusted by a Cov?t to a Receiver, and • such appoinrrtxnt ahal! be made by such Court as an sdmined equity ~nd a matter of absolute right to said MORTGAGEE, and without reference to fhs edequacy a inadequacy of the wlue of the property mortgsged er to the wlvency or insolvency of iaid MORiGAGOR p the defe~dants, ~nd that such renrs, profits, intorne, iuues and revenues shati be apptied by :uch Reteiver acc«ding to the lien w eqvity of said MORTGAGEE- and the practite of 3uth Court. 8. To d~ty, promptly and fully perform, d~xharge, execute, effect, complete, comply with and abide by ~ach and every the stipulations, agreements, conditions a~d covenants in said promissory note and this mwtgage iet fwth. 9. Th~t in the event the owne?ship of the mwtgaged premises, w any pan thercof,.becomes vested in a person othe~ than the IAORTGAGOR, the htORTGAGEE, its successors and auig~s, msy, without notice to the MORTGAOR, deal with such successw w tuccessor in interest with reference to this mortgage and the debt hereby secured in the same ma~ner as with AM1ortgagor without in any way vitiating o~ diuhargFng the Mortgagort' liabi~ity herr under or upon the debt hereby sec~red. No sale of the premises hereby mortgaged and ou forbeara~ce on the parl of the MORTGAGEE or its sucteuors or assgrn and no extension of the time fw the payment of the debt hereby setured given by the MORTGAGEE or its s~ccessors a assigns, siwlt operate to rclease, dixharge, modify change or affect the origina! lia'vility of the IMORTGAGOR F+erein, either in whole ot in part. 10. It is spec7fically agreed fhat time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligaYwn sr cvred hereby shall at any time thereafter be F~eld to be a waiver of the terms Fureof w of the instrument secured herby. 11. In add~Non to the forego:ng monthly payments of prin~ pal and interesr required by the promPSSOry no~e secured hereby, mortgagor covenants and ag~ees to pay to mortgagee with each monthly payrnent an add~~ional sum estimated by mwtgagee to be equal to 1/12 oi the annual tost of the follow- ing: A-All real property taxes levied or assessed against the above described real estate. B-P?emiums on fire and windstorm insurance as herein requ~~ed to be carried on fhe improvements situate on the above described premises. C-Premiums on such mortgage guaranty iRSUrar.ce as mortgagee shall ffom time to time deem fit to tarry on the loan secured hereby. Mortgagee sfiall from time to time notiiy mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and pavable on the due date of the next monthly payment and eath successive month tiiereafter urtit mortgagee shall notify mortgagor of a change in such amount. Such sums sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:vms, and mortgage guaranty insurance premiums. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto ut his hand and seat the day and ytar first afor id. _ gned, Sea~ed a9 deI' ed in the preserue of: ~,n ; •n . $ea~ j SeaQ ~ ! i STATf OF FLORIDA ~ ~ i.OUNTY OF St . Lucie ~ eefore me perwnally appeared O. C. Thompson i ° T.L1C111@ Thompson his wife, to me well known and known to me to be j F the individuals dexrlbed in and who execu he f a instrument, and xknowledged before me that they executed the same for the purposa eherein expresud. And the sai I-UC~~@ ~~o~pson ; „v~fe of ths said • • OIDPSO!! upon a sepsrate snd priwt~ i examination by me taken separate and apart from he? said huaband, atknowledged ro and before me that she executed said instrument freely ~nd vol~o- g rarily and without •ny computsion, constraint, apprehensiqlryr fear of or from her said h~sband. ; WITNESS my hand and official seal this day of MaY q, p, ~q 73 i F Notary Public in and ot t State of Fbrids ef larpe j Return Ta My Comm;uion e: es: . r . s fint Feder~l Savings 6 loan Assotiation ~539'79 Of Fort P~erce. NOTARY PUBLIC, STATE oE fLORtDA at LARGE ; Fort Pierce, flo?ida qY Cp~MISSIOM fJ(PIRES IAN. 7, 197~ ~ . Bonded By Americ~a Banlcert Insuna0r Qi _ • . ~ .~W~+',~:f~~~f~~~ ' This Insirument Prepared By R1Ch~?rd K. ~vQ S ~ af~~i; --~/~EO AMr ~EC~ROEO ; First Federal Savings ~ Loan Association ~1.{~E COIIN r F~A. • t'G v ~ of Fort Pierce Floridd IIOCER ~OITAAS L . ' . ' CLEA~ Ct.~CU1T COUAt ~ - : ~Q- t . _ _ ~ ~ CFletlced By pEf.4R~ VCR+rIEO.~.........~ : • . _ • O . . ~ ~ ' ~ - ~ ~ l~N ~ ' 1 ~f~r g 10 ~s AM'73 : a~, ~ ~ ' ~ ~ . U k ~~J ~SO b~'' ~ ~ 8t?G~! f~A~~ ~ ~ , ~ T~ . ~ C' ' - - - _ _ - _ - .