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Home My WebLink About2339 . 3. To plac~ •nd to~tinuously ktep on 1he bui!dings now o~ hereafter situate on aaid ~and and on alt equip~nent artd pe~tonally covered by thif matq- s9e, with all premiums thereon ps~d in 1u11, fire insurance in the usual •rondard policy fo~m, in a sum app~oved by Ihe MORjGAGEE, and winds?o:m insur~nc~ in th~ usual standard pol~cy fam, in a sum app~o~ed by tM MORTGAGEE, in such tompany or compan~es as the MORTGAGEE may directs end all (iro and w~ndswrm insurance po~~ciei on any ol iaid build~n~s, any interes~ therein or pu~ ~he~eof, in the agg~e~a~e wm afo~esald o~ in ea~eu thereof, iMll contain fhe usual standa~d matgagee clause w such o~hr. clauis as tha Ma~gagee may requ~r~, making the Io~s undr~ sa~d poli- c~es, each and eve~y, payabte to said MORiGAGEE as ~t• in?erest may appear, and each and every such pol~cy ahatl be promp~ly ass gned and deliverad ~o any held by ssid MORiGAGEE as (urthe~ srcurity to s~id ma~gage debt, snd, not less ~hsn te~ (10) days in advance of the expirat~on of each pot~cy, to d~- tiver to taid MORiGAGEE a renewal thercof, Ioge~her with e race~pt iw the premium of such rcnewal; and there shall be no f~re or windsto~~n insurance placed on a~y of said buiidings, any intereat therein w part thereof, unless in ~h~ form and with the loss payable as aforesald; a~d in ~he event any tum of money becomes payabte under such policy w pol~cies iaid MORTGAGEE shall have ~he opt~on to receive and apply the same on actounf of the indnb~rd neas secured hereby or ro ptrmil uid MORTGAGORS to receive and use it w any part N~ereoi fur oti,cr ~:urF:oses, v.~~ho.,t th~~.u~ wa~ving cr ~~~~P~~~• ing any equity, lim w r~ght under or by virtue of this mo:sgage; and in the event said MORTGAGORS shall 4w any reason fail to keep the said premisrs so insured, ot (ail to deliver promptly any of said pol~ties o) insurante to said MORTGAGEE, or fail promp~ly to pay fuily any prem~um tnerefor o~ in a~y respect fail to paform, d~scharge, execute, effect, comptete, comply wi~h and ab~de by this covenaro, a any parl hzreof, said MGRSGAGEE may puce a~o pay For such insurance or any part thereof withou~ waiving w affectiny any option, lien, equ~ty, o~ r~ght under w by v~rrue of fhis Moregape, and tFx f~ll a~nount of each ~nd every such payment shall be immcdiately due and payable and shall bea~ interea~ from tha date thereoi until poid at the rate o1 nfne per centum per annum and togethrr with such inte~est shali be se:ured by the lien of this mo:tgage. To permit, tommit o? suffer no waste, impairment o~ deterioration of said property w any parl thereof. S. To pay all and singulu the costs, charges and expenus, including a ~easonable attwney i fee and co:ts oi abseracts of title, incurred or pa~d at any lime by sa~~ MORTGAGEE, because w in the evcnt of the fa~lure on the part of ~he said MORTGAGOR fo duly, p~omptly and fully perlam, d~uharge. execute, effM, complete, comply with and ab:de by each snd every the stipulaf~ons, a9reementa, cond~tions, and tovenanb o( said promissory note and this morigage any w eitFxr, and sa~d costs, charges and expenu:, each and every, shall be immed~ately due and payable; whether w not there be nonce da mand, attempt to col{ect o? suit pend~ng; and the full amounl of each and eyery ~uch pa~yment shall bear interest from the date thereof until pa~d at the rare of nine per crntum per an~~um; and all said costs, charges and expenses incurred or paid, ~ogether w~th suth interest, stwll tx secured by the lien ol thi~ mortgage. b. That in 1he evant of any breach of this Mortgage o~ default or? the part of the MORTGAGOR, o? tb) in the eveM ~ny of satd sums of money herein referred fo be not promptly and fully paid within thirty (30) days next aiter Ihe same severatty become due and payable, without demand or notice. or (c) in tlx evem esch and every the slipulations, agreements, conditia~s arxl covenants of sa:d promissory note and th~s mortgage any or either are not i~ly, promptly and (uliy performed, d~xharged, executed, effected, completed, complied wifh and abided 5y, then in e+ther a any such event the said ag gregate sum mcntioned in said promissory note thert remaining unpaid, with interesi accrued, and all moneys secured hereby, shall become d~e and pay- abte fwthwith, o~ thereafter, at the option oi said MORTGAGEE, as fully and completely as if all of the said sums of money were originally s~ipufated to be pa;d on such day, anything in sa:d promisswy notr a in this Mortgage ro the contra.y not~vithstanding; and thereupon or thereafter at fhe option of sai~ MORTGAGFE, without notice or demand, suit at law w in equity, therefore w thereafter begun, may be prosecuted as if al! moneys secured hereby had matured pnor to its institution. . 7. That in the event that at the beginning of w af any time pending an} suit upon ~h~s Mortgage, w to foreclose it, or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court having ~urisd~c~ion thereof io. the appoi~tment of a Receiver, such Court shail forthwith appoint a receiver of said mortgaged p?operty all and sing~lar, includ~ng all and sing~lar the income, prof~ts, issues and revenues from wF.atever source de?ived, each and every of which, it being expreasly ~nderstood, is hereby mor~gaged as if apec~fically set fwth and dexrib¢d in the giant;ng and habendum tlausa hereof, and such Receiver shall have all Ihe broad and effective funct~ons and powers in anyw~se entrusted by a Cour~ to a Receiver, and s:,ch appointment shal~ be made by such Cou~t as an admitted equity and a rt+alter of absolute right to said MORTGAGEE, and without reference to the edequacy w inadequacy of the value of the property mwtgaged or to the solve~cy or insolvency of said MORTGAGOR or the defendants, and that such renrs, profits, income, issues and revenues shall Ix appiied by such Recaiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, p~omptly and fully perform, diuharge, execu~e, effect, complete, comply with and abide by each and every the stipulations, agreemeots, s conditans and covenants in sa~d promissory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a perwn other than tne MORTGAGOR, the l.'ORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deat with such successor or successor in interest with reference to this morigage and the debt hereby secured in the same manner as with Morrgago. withou? in any way vit;ating w discharging the Moregagors' liabil~ty here- _ under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the par~ of the IJIORTGAGEE or its successors or ass~gns and no exrension of the time fw the payme~t of the debt hereby secured given by the MORTGAGEE or its successors or au~gns, ahall operate ro release, d~scharge, modify change or affect the original liability of the MORiGAGOR herein, either in whole or in part. 10. ~t is sprc+f~cally agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or,of the obligatio~ st c~red hereby shall at any time thereafter be hetd to be a waiver of the terma hereof or of the instrument srcured herby. 11. In add~tio~ to the forego:ng monthly payments of print'pal and interest requ~red by the prom~sscry no!e se:ured hereb~. mortgagor covenants and agrees to pay to mortgagee w~th each monfh[y payrnent an add~r~onal sum est~maied by mortgagee to be equal to 1,12 of the annual cost of the foliow- ~ng: A-All real property taxrs leviad or assessc~d agai~at thc above desc.ihed real estate. ; I'~ B-Premiums on iire and windstorm inswar.ce as here~n requ~red to be carried on the improverne~ts s:t~ate on ihe above desuibed premises. I C-Premivms on such mortgage gua~anty insurar.~e as morigagee shatl from eme to t~rne deem fit to tatry on the loan secured heieby. ~ Mbrrgagee sfiall from time to time notify mor~gagor in writ~ng of the amovnt d~e and payable Fereunder and such sum ahatl thereupon be due and { F ayable on the due aare of ~he next month!y payment and each successive month thereaft~r ur.til morigagee shalf ~otify mortgagor of a change in such [ a^:o~nt. Such sums sha;l be applied by mortgagee tov~ard the payment of real property tazes, insurance prem:ums, and mortgage guaranty insurance ~ i p~emiums. ( IN WITN~S$ WHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and first aforesaid. _ S ~ Signed, Sealed and delive in the prexnce of: ~ - 1 - ~ • Sea4 a ,Z' ~ ROb6Zt A~ S8t h1Y~11 an ~ ( ' -C-,~~ C G ~ (Seaq ~ Nanc . atchwill c~,p ~ STATE Of FIORIDA ~OUNTY OF St • LL1C 1@ ~ ~ ' Robert A. Satchwill Before me perso~aliy appeared a^~ Nancy .1. Satchwill his wife, to me well known and known to me to be rne individuals desuibed in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the :a~d Nancy .J. $atC~1~1111 wife of the said Robert /~1. $dtCflMlll upon a separate and private ~ examinatlon by me taken separate and apart from her sa'sd husband, atknowledged ro and before me that she executed said instrument freely and volun- tarily and without any compulsion, constraint, apprehension, or fear of or from her said husband. i~l~,~+.. ~ WITNESS my hand and official seal this_ 27th da~~ of ^ A- l~: 19 73 ~ C~ y~ ~ ' _ Notary Public in and for the S~ste.~f~or~ at luyR•, My Commission expires: - ; , V : r~ _ Return To: ~ ; ~ - xa - s ; ~ _ c, ~ First Federal Savings 3 loan Association = Q~ ~ ` d - Of Fort P~erce. hCI?.SY PUEl1^,. STAi~ ~`~l~tlfl{L:IARGEy Fort Pierce. Florida ,"i CC'1:'i;"„'i IxPIRE~11~{~ ~•~j 1g7~ ~ -:R. ,V..: ,.ro r„ • 4 ..,.,.~c~.. i:~ ;.-:-.c~.:d : y~~.».,.. . ° - '4~~'~" S ~ ' i C. ~ This Instrument Prepared By Gary R. Ell~rood ~~p ~pp q First Federal Savings & Loan Association ~~.4l~~lt C~~ y~~, ~ of Fort Pierce , Florida I~D E~F %-O~~~A. ~ GLERK ~!?•C11~1 ~9ys~ RFrhFD vEP1F~~~~,,,,~,. ~ Checked By u~ ~ ~i 11 3 PM'73 0 R D• sb BOOK 215 FArF~~ ~ _ - - - - - - - - ~ _ _ _ ft K ~.sg~= i+' lt ~ . _ ~ ~ .E"~ r.. _ . . . _ _ . _ ~ . , T'S r. N~