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Home My WebLink About2267 a 3. To place and continuo~siy keep on the bu~'d~ngs now o~ he~eafter s~tuate on sa~d land and o~ ait eq~~p~nent and persona~~y covered by th~s mo~tg- sg~, witA ~II prcm~ums ihercon pa~d ~n iutl, frce ins~rance in ~ha us~al sranderd poGcy form, in a sum appruved by the MORiGAGEE, and w~ndsto~m insuronc~ in 1M uswl s~anda~d pol;cy form, in a sum approved by ~he MORTGAGEE, in ~uch tompany or compan~es as ths MORTGAGEE m+y diretl; and all fire snd w~ndswrm insuronce po~Kies on any of said bu~~d~ngs, any in~e~ea~ there~n or pai~ thcreof, in the aggreya~e svm atwesa;d w In excess thereo(, shall tontain ~hs usual ~~anda~d rnortgagae dause a such othe~ clauie as the Mortgagee may requ~rs, ma?ing the b~s unda~ sa+d pol~ cies, each and every, payable to said MORiGAGEE as ~ts ~nlera~t may appear, a~d each and every iuch poiic/ shell be prompUy ass gned snd drl;Yered ~o sny held by said MORIGAGEE as fu~the~ :ecurity to said mortgage debt, and, ~ot less ~han ~en (10) days in adrance oi the ezpirat~cx~ ol each pol~cy, to de- liver to said MOQTGAGEE a renewal thereof, toge~her with a rece~pt for the premivm of such renewal; and thr~e sl,alt be no i~re or windstor~n inturance plated on any of said buildingi, any interest therein or par~ theieof, unless ~n the fonn and with the ~oss payable as aforesaid; and in the evenl any sum o( money becomes payable under such policy w policies said MORTGAGEE shall have tAe opt~on to receive a~~d apNly the same on accou~~t ol ~he i~~dcbtrd- neas secured her2by o~ lo permit said MORTGAGORS to receive and use it w any pmt thereof .ior oai~cr purposvs, v.nhwt th.~~u~ v+.,:.~~~3 ~r v~~pu~~- ing any equity, lien or right undrr or by virtuo of this mo::gage; and in the even~ sa~d MORTGAGORS shall for any reason fail to keep the said prem~s:•s so insured, o? (ail to deliver promptly any of said policies ol insura~ce to said MORTGAGEE, or fail promptly to pay fulty any pre~n~vm ~herefor a in a~y respect fail to perfwm, discharge, execute, effect, complete, comply with and abide by this covenant, a any p.~rt hrreof, sa~d MORTGAG~E may plac~ a~~d pay fw such i:isurance or any part fhereof withaut waiving or aifecting any option, lien, eqv~ty, or righ~ u~der or by virfue of this Mo.~9age, and ihe , fu~l amount of each and eve~y s~ch paymenf shall be immediately due a~d payable and s!+all bear interes~ from the date thereof u~~~il paid af the rate o! nine pe? centum per annum and to~ethar w~th suth interest shall be secured by the lien of this mor?gage. 1. To permit, commit or suf(er no waste, impairment w deterioration of said property w any part the?eof. S. To pay aIl and s~ngular the costs, cherges ~nd expenses, 7ncluding a reasonable attwney's fee and costs of abstracts of t~tle, incurred w pa~d at any Iime by aaid MORTGAGfE, bccause or in the event of the failure on tha part of ~he said MORTGAGOR to du~y, promptly and fu~ly perform, d~scharge. rxecute, effed, complete, comply w~th and ab~de by each end ever~ the stlpulatio~s, agreements, conditions. and covenants o( said p~om~ssory note and this mortgsge any or e+ther, snd said cosn, charges and expe~ses, each and every, shall be immediatety due and payable; whether o? not there be not~ce d~ mand, attempt to collect w suit pend~ng; and the full amount of each and every such payment shall bear i~~erest from the date thereof unril p~id at ~he rate of ~~ine per ctntvm per annu.m, and all sa~d cuats, charges and expenses incurred w paid, toge~her wuh such interesl, shall be secured by the lien of th~; mortgsga 6. That (a) in the event of any breach of this Mortgage or default on thr part o( the MORiGAGOR, or (b) in the event any of saSd sums of money herein referred to be no1 promptiy and fully paid within lh~rfy (30) days neat after the same seve~ally become d:x ~nd payable, without demand or notite. or (c) in the event each snd every the stipu~ations, agreements, conditions and covenants of sa.d promisso~y note ar.d th~s mortgage sny or either are not ~~ly, prompNy and lully pertormed, discharged, executed, effected, tanpleted, complied with and abided 5y, then in either or any such event the said ag- gregate som memioned in said promisswy note then remaining unpaid, with interest accrued, and afl mcneys secured bereby, shall become due and pay- able forthwith, or ~hcreaiter, at the opt~on of said MORTGAGEE, as fully and comptetely as ii all of the sa~d svms of money were originally st~pulated to be pa~d on such day, anything in sa:d pro~n~ssory note or in this Mortgage to ~he contrary no+wifhstand~~~g; and thereupon w thereafte~ at the op~ion of said MORTGAGEE, without notice or demand, suit at taw or in equity, therefore w thereafte~ begun, may he prosecuted as if all moneys setured hereby nad matured pnor to ~ts institution. 7. That in the event that at the b~ginning of a at any time pending any suit upon this Mo~tgage, or to foreclose it, or to reform ii, or to enforce payment of any claims hereundrr. sa~d MORTGAGEE shall apply fo the Court having jw~sdrct;on thereof tor the appomtment of a Receiver, such Court shall Forthwith appoint a receiver of said mwtgaged property a11 and sing~lar, includ~ng a11 and singular the inco~ne, prof~ts, iss~es and revenues (rom whatever source derived, each and every of whKh, it be~ng expressly undersiood, is F:ereby morrgaged as if speufically set forth and described in the granting and h~bendum clauses hereof, and such Receiver shall have all the broad and efiective funct~ons and powers in anywise enfrusted by a Cour1 to a Receiver, and s~~ch appointment shall be made by such Court as an ad~nitted equity and a rr.atter of absolute right to said MORiGAGEE, and without reference to tha edequacy or inadequacy of the value of the property mwtgaged or to the so~vency or insolvency of said MORiGAGOR er the defe~dants, and that such rents, protits, incorpe, issues and revenues sha~l be appiied by such Receiver accord~ng lo the (ien or equity o! said MQRTGAGEE and the practice of su:h Court. 8. To duly, promptly and fully perfwm, discharge, execute, effect, complete, comply wi~h and abide by each and every the stipulations, agreements, conditions and covenants sa~d promisswy note and this mortgage set forth. 9. That in the event the owne~ship of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the !1~ORTGAGEE, its succeuors and assigns,.may, without notice to the A10RTGAOR, dea! wifh such wccessor or successor in interest wi~h reierence to this mortgage and the deb~ hereby secured in the same manner as with Mortgago. w~thout in any way vit~ating w d~scharging the Mortgagors' liability herr unde~ w upon the debt hereby secured. No safe of the pren,ises hereby mortgaged and no fo:bearance on the part of tFw: 1110RTGAGEE or its successors or assigns and no extensio~ of the time for the payment of the debt hsreby secured g~ven by the IhORTGAGEE o~ its succeasors or ass;gns, ahall operate to re~ease, d~scharge, modify change or affect the original liab~l;ty of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is oi the eszence of this contract and that no waiver of any obligat~on hereUnder or of the obligation se- cvred hereby shall at any time thereafter be held to be a wa~ver of the terms hereoi or of the instrument secu.ed herby. 11. tn add~tion to the forego ~g morohly paym•~nts of print pal and interest requ~red by the promissory no'e secured hcreby, mottgagor tove~a~ts ~nd agrees to pay to mortgagee ~ith each montniy pay~.:ent an add~~ional wm est~mated by mortgagee to be equai to 1, 12 oi the annua! cost of the follow- ~ny: A-AQ .eal property taxrs le•.~ed or assessed againsf the above descr~bcd real es~are. B-Premiums on fire and v~indsro~en ~nsurar,ce as here~n requ~red to be carried on the improveme~ts situate on the above dsstribed premises. C-Premiums on sucn mortgage g~aranty insura.:ce as mo-tgagee shall f.o~n t me to ti~ne deem fit to carty on the loan sec~red he~eby. i Mortgagee shall Srom time to time ~ot~fy mortgagc+ fn wrinng af the a+r.ouot d~e and payable hereunder a~d such wm shall thereupon be due and E ~aiable on rhe due date of the ~ext monthiy payment and each successive month thereafier ur,tii mortgagee shall notify mortgagor of a change in svch ! a~^ourtt. $uch s~ms sF.a~l be bpp!ied by mortgagee toward the payment of real property tazes, insu~ance prem:ums, and morlgage guaraMy insurante ! nremiums. ~ IN Y~ITNES$ V.'HEREOF, the said MOR OR has heceunto set his har.d arid seal the day and year first aforesaid. 6 Sig , Seated and detiver in the of: ~ - /Z ~ _ l Sea4 W 1 L R6 S (Sesn ~ . . _ _ (Seal) w l. i~ S S. Seal) ~ Seal ) SiATE OF FLORIDA , ! c - St Lueie t ~ (Sea1) couNn oF • ~ Befwe me rsonal{y ap a~ed M?illias F. Sai? son and Bonita G. Sa?m son his wife and Howasd W. -a:~pson and He~en D. ~a.mpson~ dis w fe and Eaerson G. Saaps~o Wa~~o mr Wsii ~T~W~Sa~~~ to ~ the individuals described in and who executed the foregoing instrvmeM, and ackiwwtedged before me that they executed the same~i~~j~ poses Bonita G Sao son wife of the sai William R on ` therein expressed_ And the said , • ''~'`PS4~ of th~ ,~;a Howard W. Sampson and Iris T. Sampson,wife of the said ~=~~!„e/. . . exam~nation by me taken separate and apert fromifiv sald husbanc~ atknowled ed to and before me that~execvted said iasttvq+~•4(~~Y and.lrplun~~~'t~'; ' + • \5~~•:;;•. ~ tar~ly and w~thout any compuls+on, consnaint, apprehens~on, or ear of or fr~ said husband5 ~ . % .Tune ~ b . WITNESS my hand and official seal this_ day of 1: ~LVD,~ ` P,c~- ~ _ ~ ~ t.~ ' Notary Pub~~c in and for the State of F16i' af` ~ I - F5 My Commission expires: ~ ~ ~ Return To: ~ • ~r y :,:,TAP,Y PL'BUC, STATE o! RORiDA sh11IRCE First Federal Savings 3 Loan Associat~on Of fort Plerce. =",11!I~~fON El(F:4E: _~i 25, I~15 : ~ Fort P~rrce, flo~~da ~i l'.~er;tar: ti.:- _.3RC@ ..0. s-s 'F~~: °es FlLED AND RECORDEp ~ LUCiE cOUNtr FLA. ~ This Instrument Prepared By J. lial Roberts, Js. ROCEF ~OITRAS First Federal Savings & Loan Association CIERK CIRCUti COURT ~ of Fort Pierce , Florida RECOR~ YERiF~ED ~ J~ 1l 2 ~3 PN'73 - Checked By ~ ~ ~ ~ooK 215 ~~E 2263 2~6'72 ~ J _ ' _ . . . _ .l .:::e ' : ~ ~ ' f+ t =`t- ~ P .`_`r"~,~~~ ~~~~.~-~-~~s~~ a~ . _ . . . . ~