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Home My WebLink About0737 3. To place and coroinuo~nly keep on thc buiid~ngs now or hereafter ~ituate on ~eid ~end and on all equipment and personally covered by lhis mortg- sg~, wilh all premiums thereon pa:d in full, f~re inwra~ce in ihe us~at sta~x~erd pol~ty form, i~ a sum sppro~ed by the MORiGAGEE, and windstorm insurance in the usual s~andard pot.cy ~or~n, in a s~m approved by ~ha MO~TGAGEE, in such company or companies as the MORiGAGEE may dirett; ar+d all lirs and w~nds~orm insurance po~~c~e~ on any oi said bui~d~ngs, any interesf therein o~ part Ihereof, in the aggregste sum aforesaid or in sxcest Ihereof, ihatl contain ihe usual standa~d n,or~gagr~ clause or such o~her clause as the lMo~tgagee may ~equ~re, ma?~ng the loss under sa~d poli- cies, each and every, payab!e to sa~d MORTGAGEE as ~ts ~merest may appear, and each and every ~~ch pol~cy ahall be promp~ly ass gned and delivered ~o any held by sa~d MORIGAGEE as fur~her security to said mortgage drb1, and, not less Ihan ten (10) day• in advance oi the expirat~on of each poNCy, to da liver to se7d MORTGAGEE a renewal thcraof, ~oge~her with a rece~p~ fa ~he premium of such renewal; and ~here shall be ~o fire or vinds+o~~n insurance placed on •ny of said bu~ldings, a~y interesl the~e~n a part thsrrof. unlesa in the (orm and with the toss {+ayable as aforesaid; and in the event sny sum of money betanes payable under such polity or po~icies said MORTGAGFE shall have the opt~on to receive and apply the same on accounl of the indebted- ness secured htreby o~ to perm~t sa~d MORTGAGORS to receive and use it a any part thareo( for ornrr Furposes, v.~~ho~t th~r~u~ w~w~~~g o~ ~~~~p~~~- ing any equ~ty, lien w right unde? or by virt~e of this mo:'gage; and in 1he event sa'.d MORTGAGORS shall fw any reason fail to keep the said premisrs so insured, w fail to deliver pranptly any of said policies of insurance to said MORTGAGEE, w fail promptly 1o pay fully any pre+~~ium therefor or in a~y respect fail to perfwm, discharge, e:ecu~e, effect, complete, compiy with and abide by Ihis covenanl, p any part he~eaf, said MORiGAGEE may place and pay fa such in~urence or any pan thereol w~thout wsiving or affen~ng any opt~on, lien, equ~ty, o? right unde~ w by virtw oF ~his Mwtgage, and tF+e full amount of each and every such payment ~hall be immeuiately due and payable and shalt.bear inlerest irom the data tAereof u~til paid at the rate of nine pe~ ten~um pN annum and to~ethrr wrth s~ch intcreit shali be arcured by the tie~ of this mortgage. ~ To permit, commit w su(fer no waste, impairment w deterioration of said property a any part thereof. 5, io pay all and singular the costs, charges and expenses, ~ncluding a reawnable attorney's (ee and costa of abstrads of title, incurred o~ pa~d at eny time by wid MORTGAGEE, because c~ in the event of thr tailure on the parl of Ihe said MORTGAGOR lo duly, promptiy and (ully periorm, d~schar9e. execute, effect, complete, comply w~th and ab:de by each ar,d every the stipulat~ons, agreements, condifions, and covena~ts oF said promisso~y ~ote and this mwtgage any w either, and se~d costs, charges and expensas, each and eveiy, shall be immediately due and payeble; whether w not there be notice d~ mand, attempt to collect or auit pend~ng; arxl the f~ll amount oF each and every s~ch payment shall bea~ interes~ from the date thereof until paid al rhe .ate o! nine per centum per an~wm; anc: all said cosis, charges and expenses ~nc~rred or paid, together w~th such interesl, shall be securcd by the Gen ol this mongage. b. Thst (a) in Ihe event of any breach of this Mortgage or default on !he part of fhe MORTGAGOR, or (b) in 1he ever~t •ny of said sums of money ~ herein referred to be ~ot pranptty and fulty paid within ~hi.ty {3p) days next after the same severally become due snd payable, without demand oi notice, ~ or (t) in the event each and every the stipulations, agreements, condl~ions and covenants o( sa~d promissory nore and th~s mortya9e any w tither are not 7 ~uty, promptly and fully per(o:med, d~scharged, execueed, effected, canpleted, compl~ed with and ab+ded by, then in e~ther or any such evenl the ea~d ag- ' gregate sum mentioned in sa~d promissory note tF.e~ remain~ng unpaid, with interes~ accrued, and all moneys secured hereby, shall become due and pay- ~ able forthwith, or thereafter, at ~he opt~on of said h10RTGAGEE, aa fully and completrly as if all of the sa~d sums of money we~e o~~g~nally st~puiated ~ to be pa~d on such day, anything in sa,d prom~ssory note or in this Mortgage ~o the contrary nonvithstand~ng; and therevpon a thereaher a~ tne option of sa;d MORTGAGEE, w~thout nonce or demand, suit at law w in equity, therefore or therea6ter begun, may be prosecuted ~s if all moneys setured hereby ~ nrd matured pnor to its institution_ 7. That in the event that ai the beginn~ng oi or at any fime pending any wrt upon ~his Mortgage, or to foreclose it, a to reiorm it, o? to entorce payment of any c(aims hereunder, ss~d MORTGAGEE shatl app~y to the Cov~t having jur~sdiction thereol for the appointment of a Receiver, such Cour~ shall Fo~vhwith appoint a reteiver of said mortgaged property all and s~ngular, includ~ng all and singutar the income, prof~~s, iss~es and revenues from whatever source derived, each and every of wh~ch, ~t being expressly undersrood, is hereby nwr~gaged as if speuf~cally set forth and deu~ibed in the g~anting and habendum c~auaes hereof, and such Rece~ver shall have atl the broad and effective f~nct~ons aod powers in anyw~se entrusted by a Cour1 to a Receiver, and s~ch sppoinrment sha? be made by s~th Cou*t as an admitted equ~ty and a matter oi absolute righ~ to snid MORTGAGEE, aRd without reference to the t adequacy w inadequacy of the value of the prope.ty mongaged or to the so~vency or insotve~y of said MORTGAGOR o~ the defendants, and that such renis, profits, income, issues and revenues shail be appi~ed by auch Receiver accord~ng to the lien w equity o( said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, d~scharge, exec~te, effect, complete, comply w~fh and abide by each and every the stipulations, agreements, conditans a~d covenants in sa+d promissory nore and this mortgage se~ fwth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, !he h!ORTGAGEE, its successas and ass~gns, may, withou? ~otice to the MORTGAOR, deal with s~ch auccessor w successw in interest with re(erence to this mo~tgage and the d~bt iiereby secured in the same manner as with Mo.tgagor w~thout in any vray vitiating w discharging the Mortgagori liability here- under w ~pon the debt hereby secured. No sale of the Fren,ises hereby mo~t9aged and no forbearance on tix part o~ the MORTGAGEE or its succeswrs or assig~s and no exrension of the ti~re fw the payment of the debt hereby secured given by the MORTGAGEE or its svccessors or auigns, shail operate ~o re~rase, d~scharge, modiiy change or af4ect the original liab~tity of the MORTGAGOR herein, either in whole or i~ part. 10_ It is specifica~ly agreed that time is of the essence of this contract and that no waiver of any obligat:on he~eunder or of ihe obligation se- cured hereby sha11 at any time thereafier be held to be a waiver of ~he terms hereof or of the instrumero secu~ed herby. I1. In add:t~o~ to the forego n9 ~nonth!y paymen~s of pr]nc ~al and interest requ~red by the promissory nore sec~red hereby, mortgagor covenants and agrees to pay ro mortgagee v~i~h each mo~~thiy payr,~em an ;dd~r~onal s:,m est~n;a~ed by mortgagee to be equal to 1; 12 of the annual cost of the follow- A-All real properfy taxos lev~ed or assessed agai~st the above descr~~•_d real estate. I B-Prerr.~ums on fire and windstorm ~nsurar.ce as hereln ~equ~red to be carried on the improvements sit~ate on the above described premises. ~ C-Premiums on such mortgage qua.anty inwra~.ce as mortgagee shall from rme to time deem fit to carry on the ban sec~red hereby. I Mortgagee sha~I trom time to s~me notfsy mortgagor m writmg of the amovnt d~e and payable hereunder and such sum shal~ thereupon be due and ~ payabte on thc d~e da!e of th~ ne,t monthiy payment and each wccessrve month thereafter ur.til mortqagee shall notify mortgagor of a change in such f a~~,ount. Such sums sha;l be app,~ed by mortgajee toward the payment of real property taxes, insurance prem:ums, and mortgege guaranty insurance , p~emwms. i IN Y11iNESS VVHFR~OF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. Signed, Sealed and detivered in the presence of: ~ / ~ ~ ilr.si.d~~ (~sn . G. Pichard S amblin ,q ~ . ,G~1~~Q~ ' t5.a~ _ , Gigge G. Shamblin.~ - __w ~~a~t _ _ ~ i STATE OF FLORlDA ~ ~ . ~ COUNTY OF St . ~~t1C1@ _ ~ S5. _ e~.' ~ ` ' U•..Y. ~ ~ ( - = _ ~ • ~ : ~ c Q _ 1 _ Befwe me personally appeared G• Pichard Shamblin = i ' Ginger G. Shamblin h~s w~fe, to me well ~b~yn:an~cna(~+n inea ~i~~ the individuals descri6ed in and who ezecuted the foregoing i~strument, and acknowfedged before me that they exetut(~ ~e ~a'~e for ~ pprlOSQs' . _ Gin er G Shamblin therein expreased. And the said g y~~~- ~ s. -'~~~r--~? ; w~fe of the said . G_ Rieha rd Shamblin u~~a x~fiql~~~ ~~at~ . ' examinat~on by me take~ separate and apart from her said husband, acknowledged to and before me that she executed said i~stru~~~sBly,~1t! vo{yq- i . rar~fy and without any compvlsion, co~straint, apprehens:on, w fear of aor from her said husband. . ~ WITNESS my hand and offiual seal th~s- ~l~~ day of ~ay A. D. 19- ~73. - ~ . ~ - . ~r otary blic in and for the State of Fbrid t lar~e ~~,15 ~ ~ y missio~. e;puss: ~ ~ Retvrn To: ~ A ~ First Federal Savings 3 Loan Association ' ' ~ ~ L" ~ Of Fort P erce ~56659 =~i Fort P~erce. Flcrida :h :si ` f~~EC ~ :..1:.~Eo ~ ~ luC~- :~vk ~ r f1.~. ~ fi( r~ : *~AS ~ This Instrument Prepared By John W. Collins ~~F~t ~•-~UAt'~ ~ ~ First Federal Savings & loan Associa~ion ~ ~ "~f• . ` ~ ' ; of Fort Pierce N lorida ~ ' 1 ~ i l ~i1 ' 1 ~ ~,.,p~ ~u~ 3 ~ Checked By tl~- s~ ~ s°oo~ 215 ~ac~ 735 ' S ~ , ~ ~ - - - f: _ ~ : r ~ $ ~ _ _ . - ~ ~ _ _