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Home My WebLink About0092 { J. To plac~ and cont~nuousiy keep on the bui!d~:igs now or I,ereafter ~~tuate on sa~d la~ct and on ~t? equ7pment and personally covered by ~hi~ matg~ ~gf, with all pramiums ~hereon pa~d in 1u11, fire insuran:e in the us~al itandard polity fwm, in a sum approved by Iha MOR~GAGEE, and windstorm In~u~+~c~ i~ the usual ieanda.d pol,cy fwm, in • tum approved by the MORiGAGEE, in auch company or companies as the MORTGAGEE may directj antl all fir~ and w~ndstorm insuronce policies on sny of said bu+ld~ny~, any interas~ ~hsrein or part thereof, in the aggre9ate sum aforesaid a in ~x~ea thereof, fMll coMai~ ths usual atandard mortga,~ee clsuie w ~uch ottn,v clause as the Mort9agee may requ~rs, maYinq 1ho to~s unde? se~d poli~ ciss, eack srid every, payabl• to said MORTGAGEE at +1~ intereat may appes~, and each and every s~ch policy si~a~~ be p+o+np~~y ass gned a~d detivered _to +ny held by u7d MORIGAGEf as funher sec~rity to seid mor~gage debt, and, not less ~han ten (101 dsys in advance of the expira~~on oi each pol~cy, to da livar to taid MORTGAGEE a renewal thereof, toge~her with a rece~pt tor the pr~mium of such renewal; and there shall be no f~~e or wi~dsror~n insurance placed on any of ~aid buiid~~+gs, any intere~t therein o? part thereof, untess in rAe form snd with the loss payable ai afo~esaid; and in the event any sum of money becwnei payable unde~ su:h policy a pol~cias wid MORTGAGEE ~hall have ~he option to rece~ve and apply the wme on account of the ind~bted- neu secu~ed hereby w to pe~mit said MORTGAGORS 1o receive and u~e if or any part thereof fw orner purposes, v~~~ho~f th_r~u~ wai~~ng o~ ~~~~p;tr- ~~+g any equ;ty, I;en or r~gh~ unde~ a by vir~ve of this mo:tgaga; and i~ the event sa~d MORTGAGORS sha11 to~ any rcason fail to keep ihe said prem~s:s so in~ured, o~ feil to del~ver prpnptly ~ny of said policies of insurance to saed MORTGAGEE, w fail prompfly to pay fuity any pre~n~um therefw a in any respect fail ro periwm, d;scharge, exe=cute, eFfed, complete, comply wi~h and ab~de by this cove~ant, or any pan hereoi, said MORiGAGEE may plate and pay (w such insurance o~ any part thereof w~thoul waiving o~ affec~ir~ any option, lien, equ~~y, or righ~ u~der a by vir~ue of th~s Mo~tgage, and the 1u11 amount of each and eve~y such paymeN shall be immediately due and payabte and shal~ bear intere~t lrom ~he dete thereof until paid ~he rate of nirx pe~ centum per annum and to~ether with such i~terest shall be secured by the lien of this matgsge. 1. To F+ermit, tommit w suffer no waite, impairment a deterioration of said properry or any part thereof. S. To pay ~II and siny~lar the casts, chargea and expenses, ~ncluding a reasonable attw~ey's fee and costi of absTracts of tiHe, incurred w pa~d at any time by said MORTGAGfE, because w in the event of t1x (ailure on the part ot the said MORiGAGOR ~o duly, promptly and fully pe~lwm, d~scharqe. ezecute, C~~K/, completa, comply w~th and ab:de by each and every the stipulatwns, agreements, conditions, and covenann of said promissory note and fhis mottgage any or e~~he~, and said costs, charges and expenses, each and every, shali be immediatety due and payabte; wherhe~ or not ihere be no~ice dr mand, tttempt to co!lect or suit pend~ng; and the full amount of each ar+d every wch payment shall bea. interest from the datp thereof until paid al the rate of ni~e per centum per am~um; and atl said costs, charges and expanses incurred o~ paid, together w~fh such intereat, shall tx aecured by tAe lien ot th~s mwtpa9s. 6. That (e) in the event of any breach of this Mortgage a default on thr pj~t of the MORTGAGOR, or (b) in thG event any of said aums of money herein referred to be not promptly and Fully paid within thuty (30) days nex~ after the same severally become due and payable, withou~ demand or notice, or (rJ in the event each and every ~he stiputa~ions, sgreements, co~:ditions and tovereants of sa+d p,om;uory note and th~s mortgage any or e~~1xr are not ~uly, promptly ~nd ful~y pe~famed, d~scharged, executed, effeued, completed, compt~ed wi~h aruJ abided ~ay, then ~n eitF~er or any svch event the aaid ag gregate sum ment'wned in said promissory note then remaining unpa~d, with interes~ accrued, and all rtw~eys secured hereby, shatl become dve snd pay- a6~e forthwith, a therestter, at ihe oprion of said MORTGAGEE, as futly and completely as ii all of the said sums of mo~ry were or~g~natly stipulated to be pald on such day, anything i~ sa:d-promissory note u in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the op+~on of said MORTGAGEE, w~thout notice o~ demand, suit at !aw or in equity, therefwe a theieairer begun, may be prosetuted as if all moneys secured hereby nad mawred p~~o~ to its insfituhon. 7. That in the event that at the beginning of or at any time pe~ding any suit upo~ this Mortgage, or to foreclose it, w to reform i1, or to enfwce payment of any cla~ms hereunde~, said MORTGAGEE shall appty to ~he Cau.t having jur~sd~ction the~eot for tha appointment of a Receiver, such Court shall forthwirh appoint a receive~ of said mortgaged property all and sing~lar, inctud~ng all and sing~lar the income, p~ofits, issues and revenuea from whatever source darived, each and every of whKh, it bei~g express!y undersfood, ia hereby mortgaged as if speufically set ior~h and descr~bed in the g.an>ing and habendum clavses hereof, and such Receive~ shall F~ave all the broad and effective funct~ons and powers in a~ywise emruated by a Co~rt to a Receiver, and s:.ch appointment shall be made by such Court as an admitted equity and a matte~ oi absofute right to said MORiGAGEE, and without referente to fhe edequaq p inadeqvacy of !he value of /he property mertgaged or to the sotverxy or insotvency of said MORiGAGOR or the defendants, and that si,ch se~ts, profits, incortie, iuues and rever.ues shall be applied by such Receive~ accord~ng to the lien w eq~ity of said MORiGAGEE and the practice of such Court, 8. To duly, Fromptly and fu(ly perfwm, d~scherge, execute, eifec~,.complete, compty w~th arid abide by each and every the s~ipulations, agreements, conditions and covenanrs in saed promisswy note and this mortgage set fwth. 9. Tha1 in the event the ownership of the mortgaged premises, or any part thereof, becomes vested i~ a person vther than the MORTGAGOR, the MORTGAGEE, its successors and sssigns, may, without notice to the MORTGtiOR, deal w~th such suctessw w successw in in~erest with ~efe~ence to lhia mortgage snd the debf hereby secured in the same man~t as with Mortgagor vithout in a~y way vitiating w d~uharging the Mortgagors' liabitity here- under or upa? the debt hereby secu~ed. No sale of the premixs hereby mortgaged a~d no forbearance on 1he pan of the MORTGAGEE or its successors or a:signa and no extension of the time for the payment oi the debr Mreby se,:ured given by tht MORTGAGEE o~ its successws or ass~gns, ahall operate ta release, d~scharge, modify change w affect Ihe original liaoil~ty of the IJ~RTGAGOR herein, either in whoie or in part. 10. It is specifically agreed that time is of the essence af this contratl and that no waiver of any obligation hereunr)er w of the obligaiwn se- cvred hereby shall at any time thzrea(ter be hetd to be a waiver of the terms hereof or of the instrumtnt setured he~by. I1• In add~tian to the foregong momh!y paym~nts of princ pal and interest requ~red by the prom;swry no~e secured hareby, mortgagor covenams a^d agrees to pay to mo:tgagee wirh each momhiy payr.:ent an add,~ional sum esr~n:ated by mortgagee to be equal to 1,' 12 of the annual cost of the follow- ~ng: A-AI! reaf prope.ry taars levied or assessed a~a~~st thc above described real estate. B-Vremiums on fi.e and windstorm insurar.ce as herein requ;red to be carned on the improvementa sitvate on the above described premises. C--Premiums on wch mortgage guaranty insurance as mortgagee shall (rem t~me to tfine deem fit to tarry on the loan~sec~red hereby. Matgagee sha!I frorn G~n~ to time nority mortgagcr in writiog of the amouni due ano payabte hereunder and wch su~n sha!{ thereupon be due and ;.ayaWe on rhe due date oE the ne~et monfA:y paymenf an~ each successive month thereafter vrtil mortgagee shall notify mo!tgagor of a change in such a^.ount. $uch sums sh.a;{ be applied by mongagee rov~ard the payment of real property taxes, insurance prem;ums, and mortgage guaranty insurance p-emiums. IN 1YlTMESS WHEREOF, the sa~d MORTGAGOR has hereunto set his hand a~d seal the day and year first aforesaid. Signed, Sealed and delive:ed in the preaence of: C~N".~~ af) _ O• C• TIIOa O (Sean ~ L ' ~ s~n ' Lucille Thoa son ~,i~ ; ; SiATE OF FIORIDA 1 - . St • ~.LIC~.@ ~ SS. ~ ; COUNTY OF i ~ O C Thoa and Before rrK penonally appeared • • pson ~ Lueille 1'homnaon his wiie, to me well known and known to me to be ! the individuats desvibed in and who executed the foregoing instrumeM, and atknowledged before me that they execured the same for the purposea i rherein expre~sed. And the said Lucille ?honpsan ! w~fe of the said 0• C. 'Thoapaon upon s separate and private f examination by me taken separate artd apart irum her said husband, atk~wledged to and befo~e me that she e*ecuted said instrument free{y and volurr rarily and wlthout any compulaion, tons~raint, apprehension~ w fear of w from her said husband_ WlTNESS my hand and official seat thi: s~~ dsy of `j~e p, p_ ~q73 ~ ~ ~ Notary Public in and for Stafe of Fbrida at Large My Commission expires: Return To: _ First federat Savings b loan Associat~on , ~ Of Fprt P•erCe. - ~ ~ Fort P~rrce. Ftorlda , `:~M~' ~ d ~ 1w~ . : - ' ~ -Aty :to~~ae~t.~ tz~;... oe+. 30, 197s ~ ~ U•~~.i.d:by Amurcoe f~r. a C.~~wtr~, Ce. . ~ 1 ~ ? ~ s This Instrument Prepared By J. H. Robl~~~~ .I~~p - ~ F~~n Rn+ . - First Federal Savings 8 Loan Association J.• = S~• :.:~UMTr F~A. of Fort Pierce , Florida ~ ~ ~ R4+r= ;~.1:St;,~~ ~ ~ : - • . - 4t~kr. .;.~ii C4~RT ~ - Checked By _ . RF~!~F - _ r ' ~o~K 2i5 wcE ~ 4a PH 'r3 9~ : zs~?~s~ d z i _ _ 7 ~ ~ ~ .w~~ ~ - . : ~ ~ . Y..-~c1 .sx4