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Home My WebLink About2285 To place and coo~inuo~sly keep on ~he bui:di~:gs now o~ hereafror ~lfua~e on sa~d land and on al{ eq~~p~»ero and penonally covercd by this mortg- ~ge, w~ih all prem7ums thereon pa~d m full, f~re inwranca ~n ~he usual s~a~.~~rd po:~cy form, in a wm apploved by ihe MOR~GaGEE, a~d windetorm ~niurance io tFw uswl itandard pol,cy form, in a s~m approved by the MORTGAGEE, in tucfi co~npany o~ cu~npan~es as Ihe M02TGAGEE r+++y direc~; and all fire and w~nda~orm insuranca poGurs on any of sa~d lwild.nqs, any imerest therein or pa~t the~eoi, in the agg~egare sum afwesaid o~ in excess ~hereof, fhall comain ~he usual sfa~~derd mor~gagae dause or such o~her claus~ ~s the Mortflagee may requ~re, ma?iny ~ha ~oas under sa~d po~~ c~es, each and e~ery, payab~o to said h10RTGAGEE as ~~s interest may eppear, and each and eve~y ivch poticy shetl be piompt~Y ~u 9ned and dei~~errd io eny held by sa~d MORIGAGEE as tur~her security to sa~d mortgage deb~, and, r.ot leu than ten (10) days in ad~ance of the e.p~~at~on ot each potlcy, to dr liver to said MORTGAGEE a renewal thereof, togcther wi~h a rece~pt for Ihe prem~um of such renewal; and ~here sha!1 be no f~re o~ w:ndsto~~n insurance placed on any of sa~d buiidings, any in~erest ~here~~ or part thereoi, untess in the fo~m and with the loss payable as afaesaid; and in the event any sum , of monty brcanes payab~e under suth policy d policie~ said MORTGAGEE shall hsve ~he opnon to receive and apply the same on accovm ol the indabted- ~ ness secured he~eby a to permit sa~d MORTGAGORS ?o receive and use it o~ any part thercol fo~ ofi,er Hu~Noses, .•r~~hout ~h ui .vaw~ o~ ~~+~Pa'~• ing any equity, lien w r+ght under or by vi~tue of this moctgage; a~d in Ihe evem sa~d MORTGAGORS shall for any reason fail to kaep the aa~d premis:s so insured, or fa~l to deliver promptly any of said po~:cies of insurance to said MORTGAGEE, or fail prompily to pay (u~ly any pre~~~~um therefor or in a~y respect fail to pe~form, discha~9e, execuie, effect, complete, co~nply with and abide by this covenent, a any part hareof, aaid MORiGAGEE may piace and pey fo? s~ch insurance or any part the~eof without waiving or affecling any option, lien, equ~ty, or right under or by virtue of this Mwtgagr, and the full amount of each and every such payment shali be immediately due and payable and shatl btar interest from the date thereof until paid at tha rate ol n~ne per centum per annum and togethrr w~th such interest shall be srcured by the lien of thif mortgage. • To permit, commit w suffer no waste, impairment cv detrrioration oi said property w any part thereof. 5. To pay all and singular the costs, charges and expenses, ~nc{uding a reaso~.able attwney i fee and costs of abstrads oi title, incurred or paid at any time by said MORTGAG.E, because o? in Ihe eveM of the fa~lure o~ the parl ot the said MORTGAGOR to duly, promptly and fully perform, d~scharqe. rxecuta, etiecl, complete, comply with and ab:de by each and every the stipu!a~~ons, agreemeNS, condit~ons, and cavenants oi said promissory no?e and th~i .r.ortgage any or ei~her, and sj~d costs, cMrges and expen:es, each and every, shall be immediately due and payab:e; whether o? ~ot there be notice da mand, attempt to collcct or suit pend~ng; and the lull amount oi each a~d every svch payment shall bear interest from the date Ihereof until pald at the rate of nine per cenwm per annum; and ail sa~d costs, charges and expanses inturred or paid, together w:th suth interest, shall be secured by the lien of th~~ mortgage. 6. That (a) in the tvenr of any breach of ?h~s Mortgage or default on the p?rt of the MORTGAGQR, or (b) in the eveM any ot sa:d sums of money herein referred to be not pranp~ly and (ully paid within th~rty (30) days nex~ after the same severally become d~ti and payable, w~thoul demand o~ notice, or (c) in tAr event each and every the stipuiations, agreemen:s, co~d~tions and covenants o( sa:d promiswry note and th~s mortgage any er either are not iuly, pro~nptly and fully perfwmed, d~scharg~d. ezecuted, effected, completed, complied with and abided 5y, lhen in e:ther or any such event Ihe sa~d ag gregate s~m mentioned in said prom~ssory note then remaining unpaed, with interest accrued, and ail moneys secured hereby, shall become due and pay- able torthwith, or thereafrer, at the oprion of s~~d h10RTGAGEE, as fully and comp:ere!y as if all of thr sald su~ns of money were a~ginally st~pu~ated to be pa~d on such day, anything in sa:d p:o~n~sswy note or in fhis Mwtgage to the contrary notwithsrand~~tig; and ~hereupon or thereafter a~ the opt~on of sa~d MORTGAGEE, wirhout norice or demand, su~t at law or in equity, therefore or therealter begun, may be p~osecu~ed as if sIl moneys setured hereby nad matured pnor to its institu~ion. 7. That in the event that at the beginn~ng of ar at any time pending any su~t upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any daims hzreunder, said h10RTGAGEE shail a~piy to tha Court having ~urisd;ct~on thrreof tor the appo~ntment of a Receiver, suth Courf shall forthwith appoint a receiver of said mortgaged prope:ty all and singufar, includ~ng all and singula~ Ihe income, p~ot~ts, issues and revenues from whatever seurce derived, each and every of wh~ch, it be~ng ezp~essly undersiood, is hereby mort~aged as if spec~fically set iorth and deuribed in ~he granting and habendum clauses hereoi, and s~ch Receiver sha11 have atl the broad and effective funct~ons and powers in anyw~se entrusted by a Cou~t to a Recriver, and s~ch appointment shall be made by such Court as an admitted equity and a matter of absol~te right to said MORTGAGEE, a~d wiihout re~erence to tht edequacy or inadeqvacy of the value of the property mortgaged or to the so.venty or insoivency of said MORiGAGOR o~ the defenda~is, and that svch renrs, profits, income, issues and reven~es shal~ be apptied by suth Receiver acco:d,ng to the (ien or equity oi sa~d MORTGAGEE and the practice of s~sh Court. ' 8. To du!y, promptly and fu{ly per4orm, discharge, execute, effect, complete, comply with and abide by each and every tFx stiputations, agree~nents, conditions and covenanrs ~rt sa~d promissory note and this mortgage set forth. 9. That in the eveN the ownership of the mortgaged premises, or any part tt~areof, 6ecomes vested in a person other than the MORTGAGOR, the r;.ORTGAGEE, its successors ar,d asstgns, may, without notlce to the h1pRTGAOR, deat w~th such wccessor or s~ccessor ~n interest wi~h reference to this cr,o~igage ard the debt hereby secured in the same manner as with thortgagor without in any way vitiatirig or d~scharg~ng the IAor:gagori liability herr under or upon the debt hereby securc~l. No sale of the Fremises hereby mortgaged and no forbearance on the pan of the ?AORTGAGEE or its successcrs or assigns and no exrens~on of fhe time for the payment of the deb~ hereby secured given by the M10RiGAGEE o. its successors a ass~gns, a~iall operate to re!ease, d~scharge, modify change or affect the orig~nal liab~i~ty of the MORTGAGOR herein, eithe? in whole w in part. 10. It is speufical{y agreed that ti~ne is of the essence of this contracr and thal no waiver of any obl~gat~on hereunder or of the obiigatio~ se- cured hereby sha~f at any time tnereatter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tio~ to the farego"ng monthly payments of princ ~al and interest required by the From~ssory no'e set~red hereby, mwtgago.• covenants 3~~u' agrces to pay ro rr.ortgagae v.ith each momh'y pay~aen: an add~rianal s~m est:n,a~ed by mortgagee to be eq~al to 1; 12 of ttie ann~al cost of the follow- ~ng: ~ A-All real Nroperty taxzs levi~~ or assessed agaiast the a6ove desc~ibed real estate. B-Fremi.rns on f;re and windsrorn, ~nwracce as nere;n requ~red to be carr~ed on the improveme~is s~tuate on the above described premises. C-Prrm~ums on s~ch mortgage guaronty ir.surar:ce as mo~tgagee sha!1 frcm t:me to ti:ne deem fit to tarr~ on the loan s~cured hereby_ Mortgagee shail from time to ti-ne notify mortgagor ~n wrinng of the amo~nt due and payabte hereunder and such surn shafl there~pon be due and i ; 3~~able on l'ne due date of the next mo~th:y payment and each successive month thereafte~ uctil mertgagee sha!I notify mortgagor of a change in such ~~-~o~nt. $uch sums shail be applied by mortgagee toward the payment of reaE property taxes, insurance prem:ums, and mortgage guaraNy insurance E p~emiums. ~ W Y~ITNE `'HE F, th id ~ RTGAGOR has hereunro set his har.d and seal the day and year first aforesaid. ,y ~ led livered the reserce of: _ i ~ a~ ~ ~ . . ~ ? (Seal) ! 9 ~ r ? ~an i ~ ~ - $l~~~ (Seal ) 57F.TE OF FLORIDA ~ ~S@al ~ $L. LUC1Q ~ COUNTY Of ~ Before me rsonally appeared Wllllds F. S~ SOA and Bonita G. SaA SOiI h1S M fe - ~1'~Ow~I'd W. ~:arn~son a?nd Nel~en D. Saapson, his wife and Emezson G. Sawps~~ ~n~o I~ W~~.~'~~ ~,o;,~.,o ~ 'ro'yY, - . the individuals described in and who executed the foregoing instrument, and acknow{edged before me that they execut~d~J(~p~ryj~e tor 1b! pu?puses rhere~n expressed. And tF~e sacd ~nita G. Sa?mpson,wlf@ Of the S81d Wi1113Q F.._ SOA ~ • . ~anpsv~ ~N~d W Saapson and Iris T. Saapson,wife of the said Fal~~,g a~s..~~A,e r.~ e of the said • examination by me ~aken separate and apart from~ said husband~ etknow ed to and before me that ~fifr exetutet~ sqf ~~r~rJ~Y~ f~See;ly arid vblurr rar~~y and wlthout any compu~sion, constraiN, apprehens' n, ot fea of or fr~r said husbandL', ~ - J~J ' - ~ WITNE55 my hand and offic~al seal this day of June '',A:~ 19 73 ~ ~ v/ ' • ' ~ ,V C.L ! L [A ; i • a _ Notar Pub~ic in and tor the 51a f o i af 4t e H Y , ~r,~ 1 ` 9 h1y Commiuion expires: Ret~rn To: HQTI[RY f.+:s'_._., S?~.'f ~t ftOR1P:,"• a! L~~G~ " First Federal Savings d. Loan Associat~on ~,Y .":r~',~f$ °E?~- »5 ~ , Of Fo~t P crce. f.,~ ~ , ~ jis;.i.i.B • - . Fort P~erce, Horida X~ fILED AMD RF~OROEO ~ sr• COUNTY F~~, ROGE:~ ~71teiA$ This Instrument Prepared By J. Hal Roberts~ JIC. F CCERK C+i,lED C~~Rt ~ First Federal Savings & loan Association R._rcRn vE~~~ of Fort Pierce , Florida ~ ~ ~:1.j 2 3s PH'73 ~ Checked By ~ 3.: 25'7681 ~ ~ ~K215 P:f{2~?8l ~ ~ - _ _ - - ~ ~ , ~ _ - ~ ~ z a ~ ; ~ ~ ~ _