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Home My WebLink About2265 3. To place and cominuowty 4eep on the bu~•d~~:gs now w hereaftar s;i,~ete on sa~d ta~x! and on all cqu~p~nrn~ and penonally covared by this mor~g- •ge, wilh all ptemiums thereon pa:d in fuli, tire inwronca in the us~ai itaidord po~icy torm, i~ s sum appioved by the MOR1GAGfE, and w~nd:twm insurants in the ua~al standard pol,ty (orm, in a su~n apNroved by ths MORTGAGEE, in such tompany or companaes aa lhe MOkTGAGfE may duect; and all firs and wmd~wrm in~wance pol~c~ea on any o( ia~d buiid~ngs, ~ny interes~ therem or pa~r dkreof, in the aggcegate sum afwesa~d or in eaces~ ~hereof, shall contain ~hs usual slandard mwt9agea clause a such o~her da~se as ~he Mor~gayee may rcyv~re, making the ioss u~~dr~ se~d po~i- c~es, each and every. payabte ~o said AtORTGAGEE a~ ~ts iroeres? may appear, and each and eve~y such poi;cy shalt be pfomptty ass gnrd a~~d de~~~rred so eny held by said MORTGAGEE as iur~her secwity to sa~d mortgage deb?, and. not less ~han ten (10) days in advance of ~he expirat~oo of eoch policy, to da iiver to u~d MORTGAGEE a renewal the~eol, toge~he~ with a receipt for IAe premium o} such renewal; and ~i~are sha:l be no i~re or windstorm inwronce plated o~ s~y of said bui!d~ngs, any i~terest therein o~ part ~hrreo(, unless in the iorm and wifh the loss payable as aforeiaid; and in the event any sum of money becomes payable under such polity or poGars sa~d MORTGAGEE shall have the opt~o~ to recrive and app~y the aame on acco~nt o( the indabeed- ness secured hereby w ro permit sa~d MORTGAGORS to receive and use it w any par~ thereof tor otn•_r Nure osas, .v~~ho~t ih'~. u/ wo~+~~~~ or ~"'p°"- ing any equity, tien o~ right under or by virtue of this morrgage; and in the event sa:d A10RTGAGORS shall tor any reason fail to keep ~he said pre~nises so insured, or fail to detiver promplly any of said po~icies of insurance to said MORTGAGEE, or ia~f promptly to pay fuity any prr~nium therelo~ or in a~~y respect fail to pertorm, discharge, execute, ef(ect, compiete, comply wiih and abide by this covenant, o~ any part hrreof, sa~d MORTGAGEE may place a~~d pay iw such insurance o~ any part thereof w~~hout waiv~ng or a(fecting any op~~on, Iien, equ~ty, or ~]gh~ under or by v~rtue of th~s Mwtgage, and the f~ll amouM ot each and every such payment shall be im:nediately due and payable and shall brar interest from the date thereof uroil paid a1 the rate of nme per tentum pcN annum and to3rther ~vith wch interraf shali be srwred by the lien of this mortgage. 1. To pe~mit, commit w suffa no waste, impairment or deterioration of said property w any parl thereof. 5. To pay all and singulsr the costs, charges and expenses, i~cluding a reasonable attorney's fee and costs of abstracts of title, ir.curred a paid at any time by said ASORTGAG:E, because or in the event of the fa~lu~e on ~he part of the said MORTGAGOR Io duly, pro~nptly and fully perform, d~echarge, execute, effect, complete, comply w~tfi and ab:de by each and eve~y ?he s~~p~~anons, ag~ezments, cond~fions, and covenanrs ci w~d prom~ssory note and ~h~s mortgage any or either, and sa:d costs, charges and expenses, ea:h and every, shall be immediately due and payable; whe~her or not there br ~o~~ce dr mand, attempt to collect w suit pend~ng; and the full amount of each and every such payrnent shall bear inferest From the date thereof un~il paid at the raie o~ nine per cantum ~r aniwm; and all said costs, charges and ex,~.~.nses irxurred or paid, tog~ther w~~h such interesL shall he secured by the Gen of thi~ mortgage. 6. That (a) in the event of any breach of Ihis Mortgage w default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money herein referred to be not promp~ly and fully oaid wiihin th~rty (30) days next afte? the same se.era!ly become due and payable, without demand or notice, o~ (c) in the event each and every Ihe stipu:at~ons, agrremen?s, cond~t~ona a~d covenanrs of sa.d promissory note an~ th~s mortgage any or either are no1 ~uty, promptiy and I~lly per(ot~ned, d~scharged, executed, effected, canpleted, complied w~th and abided ~y, the~ in e:ther w any such event the said ag- gregate sum ment;oned in said promissory note then remaining unpaid, with inre~est accrued, and ael moneys secured hereby, shall become due and pay- abte forthwith, or thereafter, at the opt;on of said MORTGAGEE, as iully and comple~ely as ii all of the said sums of money were or~ginaily st~pu~ated to be paid on such dsy, anything in sa d prom~ss~ry note or in this Mortgage to ~he connary notwithstand~ng; and ~hereupon or thereafter at the oprion of sa~d MORTGAGEE, without notice o~ demand, suit at law or in equity, therefore or thereafter begun, may be prosecutrd as if all moneys srtured hereby he;d matured pnot to its institution. 7. That in the event that at the brginning of or st any time pending any su~t upo~ this Mortgage, or to fweclou it, or to reform il, or to enforte payment of any daims he~eunder, said MORTGAGEE shall apply to the Cou~t havir.g ~wnd~a~on thereof For the appo~ntmen? of a Receiver, such Court shall forrhwith appoint a rece7ver of said mor~gaged property all and singular, inc;ud~ng a~1 and singular the mcorne, prof:ts, issues and revenues from whatever source derived, each and every of wh~ch, it be~ng expressly unde.stood, is hereby mortgaged as if spec~ficaity set iorth and described in the g~anting and hsbendum clauses hereof, and such Rece~ver shall have a!1 the broad and ef(ective funct~ons ar,d po,ners in anywise entrusted by a Court to a Receiver, and s...h appointment shaU be made by such Court aa an ad:nitted equity and a rr+a~ter of abs~lute r~ght to said MORTGAGEE, and wi~hout ~etere~ce to the adeq~acy w inadequacy of the value of fh~prnperty mo~tgaged or fo the so:vency or ~nsowenty oF said MORiGAGOR or the defandants, and that such renrs, profits, income, issues and revenues shall be apptied by such Receiver accord~ng to the tien or equity oi said MORiGAGEE and the practice of such Court. 8. To duly, promptly and f~lly perlo~m, discharge, exzcute, e(fect, com.plete, comply with and abide by each and every the stipulatiorts, agrerments, :ond~tions and covena~ts ~n sa+d promissory note and th~s mortgage set iorth. 9. That in the event the ownership of the_ mortgaged premises, a any part thcreof, becomes vested in a perwn othcr than the MORTGAGOR, fhe :'.~RTGAGEE, its successors and assigns, may, w~thout notice to the h1pRTG~OR, dea~ v.ith s~ch successor or successw in interest with reference to this n o~~gage and the debt hereby secured in the same manner as w~th tdcrtgagor w~thout in any way vit:ating or d~scharging the ~dortgagori liability here ~^der or upon the debt hereUy secu.ed. No sate of the Frem~ses hereby mortgaged and no fo+bearance on the pan of the MORIGAGEE w its successors cr assig~s and no exrens~on of the time for the payme~t of the debt hereby secured given by the MORIGAGEE or its successors w auigns, siwl) operate ro release, d~scharge, modify change or affect the orig~nal liab~i~ty of the lJ10RiGAGOR he~ein, either in whole or in part. 10. tt is spec~fically agreed thai time is of the essence of this contrTCt and that no waiver of any obt~gat~on hereunder w of the obligation se- c~red hereby shalt at any time thereafter be held tu be a waiver of the terms hereof or of the instrument secured he-by. l i. In add,tio~ to the forego'ng month'y paymems of pri :c pa! and inr_~:est req~~red by the promfsio!y ~o!e secwed hereb~, mortgagor eovenantg_, a^.d agrees to pay to mo:tgagee +~~~h each ma~~hiy pay~.:ent an odd,~ional Sum es'~n:ated by mortgagee to be equai to 1; 12 of the ann~al cosf of the fo~low- ~,i~: - . A-Atl real property taxas lev~ed or aszezsed egai~s~ thc abov? desc~ibcd real estate. B-Pramivms on f~re and windstorm ~nsurance as here~~ requ;red to b~: carried on the impravemeits s~tuate on the above described premises. C-Premiums on such mort~age guaranty ir:surance as mortgagee shail from t me to time deem fit to carry on the loan sec~red hereby. Mortgagee sha:! frcm time to r~me nonfy mortgagor in writ~ng of the amocot due and payable he~eundrr and su;h sum shall thereupon be due and ~ c ayabte on the due da~e of ihe next mon~h:~ paym~nt and each successive month thereafT~r un~il mertgagee sha!1 nor.fy mortgagor of a change in such ~ ount. Such sums s~al1 be app!ied by mortg~gee toward the payment of real property taxes, ins~rance prem:ums, and mortgage guaranty insurance i ~ p~emiums. ~ ~i l~ IN \YITNE55 YIHEREOF, .e i~ ORTGAGOR has hereunto set his hand and seal the day and year first atoresaEd. ~ S~ ed, a elive in presence ofc - , Seah € ~ ~ (Seal) ~ ~r 7 i1 (Seal) ~ - ~ Seal) ~ ~Si@81~ ~ ~ S~ATE OF fLORIDA ~ ~ ~$@al~ :OJNTY OF St. LL1C1@ Before me rsonally appeared Wllll~ r' • Sampson and Bonita G• $aapSOS1~ t115 wife 8fld f{OR$Z(~ W. ~ampson and He~en D. Saopson, his wife and Eaerson G. Sanpsq~ ~c~o ~~i ~~w,~~~~ ~-„K fo t~ ~ ~ne individuals descri6ed in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw~t~.;p~?Poses ; ~ therein expressed. Md the sai nita G• $8iII SOD N1f6 Of t~I@ said Willia~ R $a SOS af1 H@ ` sa~~npso~n }~w~d W~ Sanpaon and Iris T. Sampson,wife of the said ~el,~` ~ +v~ e oi the said examination by me taAen separate and apart fro^iYhqr said husbanc{y acknowled ed to aod before me that ~executed saitl ~ir~ ~~ql~e~nY4r~1~ att~~ i ~ ranly artd w~thout any compulsion, constraiM, appr hens;on~ fear of w from'~ said husband3i - ~ ~ WITNE55 my hand and official seal thit- ~ day of June :,~~'19:~;, ~ . . • ; Y ~ ~ C'.LQ, ~Ql, • . :----a•z^, Notary Public in and for the St qf fbcida afkylr~'; - , _ My Comm~ssion expires: . , ~ ^t f~: . Retum To: NOin~Y f':,~~1t,S:,~~•?;..~?!~ j~,~' . ~ First Federal Savings 3 lc.an Associat;on ~R ~ MY COFd~.:~_; _ ~ .EZ ~~~~'~'•a~ Of Fort P erce. ~CiSCEd 6y I+lTrT~Gafi ffa:~, Fart Pier~e, Flor~da , , ~ NOIARY PUBUC, S1RTE_ o('FCORIDA at IARGE - µy C0IAMISSION D(PIRES SEFT. Z5, i9i~ 4; Eande4 B~~ Rr.:ercan BankErs Insutance l:o. g This Instrument Prepared ByJ. Hal Robezts~ J=. FILEDAliDRECORpEO First Federal Savings & Loan Association 2~s"~1 SL WCiE COUNTI' F~A. of Fort Pierce ~ Rlozida RdG:n F'BiTRAS ( w~ ~f RFf.OF 7 Vf, ~i1FIE~ COllRT z„ - ~ Checked By ~ - . ~ .~u~ 1l 2 33 PM 13 goox 215 F~~~ 2?6i ~ ~ : ~ - - - - . _ ~ - - - - ~ - ~ ~ } ~ ~ . n . _ . . ~