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Home My WebLink About2872 3. To place and con~inuously keep on ~he b~~:d~ngs now w he~ea(ter ~iluate on an~d land and on a~l equipmeM and personally covercd by th~s mortg- egs, with all prem~ums ~hereon pa~d in fuil, iire insurance i~ ~he u~ual ata~xlerd pot~cy lo~m, in a sum app~oved by the MORiGAGEE, a~~d winds~arm ~nsurance in the usual standa~d po!:cy foi~~. a sw:,- approved by the AAORTGAGEE, in such company w canpanies as 1he MORiGAGEE m~y d~recr; and all fire and w;nd~~orm i~wronce po~~ues on any oi said bu~ld~ngs, any interest ~herein or par~ thereoi, in ~he aggregate sum atoreaa~d or M excess ~hereof, ~hall co~tain the usual standard mor~gagee clause u iuch odur clauss as the Ihwtgegee may requ~re, making t1~e lot~ urxlr~ sa~d pol~ c~es, each snd avery, payable to said MORiGAGEE at it~ interzst miy appear, and each and eve~y s~Kh poi~cy thall be promptty ass gned ~nd det~~errd ~o any held by said MORIGAGEE ~s fur~hrr security to ~sid mortgage deb?, and, not les~ than 1en (10) days in advanca o1 thc expiration of each pol~cy, to d~- liver lo said MORTGAGEE a renewal theieof, together with a rece~pt for the premi~m o} tuch ~enewal; and the~e shail be ~a f.re or wi~~ds~orm insurance plsced on any of sa~d buildings, any interest therein or part the~eol, unless in ~he fo~m ~nd wi~h the loss payab~e as afo~eaaid; and i~ Iha event any s~m of money becomes payabte under such polity a poGcies taid MORiGAGEE ahall have the opt~cw~ to receive and apply the san~e on accoun~ o! the indebted- ness eecu~cd hreDy w to permit sa~d MORiGAGpRS to receive and use it w any par~ ~he~eof for otn~r ~;urposrs, .•n~ho~~ ~h a; ~3 or ~„~p„~~- ing any equ~ty, I~en or ~ight unde~ w by virtue of this mor'gage; snd in ~he evont sa~d MORTGAGORS sF~atl foi any reawn fail to keep rhe sa7d prem~srs so i~su+ed, a faii to deliver pranptly aoy o( said poGcies of insurance ro sald MORIGAGEE, o~ fail promptly to pay fvlly any prem~vm therefo~ or in a~y rospec~ tail to per(orm, ducharye, execu~e, eff~tl, complele, comply with and abide by ~hi~ covenanl, or any pa~t hereof, ~a~d MURSGAGEE may place a•~d pay ta such insurance or any part the~eof wiihout wai~eing or affecting any opt~on, I;en, equ~ty, or righr urider or by vinue of ~his Mo~tgage, and tAc f„II amount of each and evary such paymenf sFwll be immediately due ~nd payable and shall bea. inta~es~ from ihe daTe thereof uniil pa~d ai the raea o~ n~ne per centum per annum and to~ether wuh such interest shall be sewred by the Gen of Ihis mort9age. 1. To permit, commit or suffer no waste, impairment w deteriuratior~ pf said p~operty w any part thereof. • 5. 1o pay atl and singutar the costs, charges and 'expenses, including a reasonabte attornev"; fee and cosis of abstratts of title, incurred or paid at ' any time by ~a:d MORiGAGfE, because or in the event of the failure o~ the part of ~he said MORTGAGOR to duly, p~omptly and fully pe+form, d~scharge. execute, e(fec~, camplete, comply with and ab;de by each and every 1he stipulations, agreements, conditions, and covenants of sa~d prom~asory no?e and +h;s mortgage any or ei~her, and sa~d cosrs, charges and expenses, each and every, shall be immed~ately due and payable: whe~F~er a not ehere be not~ce dc n;and, attempt to tollect or suil pending; and the (ull amount oi each arx! e~ery such payment shali bear interest irom the date ~hereof until paid at the .ate o? nine per centum p~r annum; aod ali said cw~s, charges and expenses incurred or paid, together w~lh such imereal, shall be setured by Ihe lien of this mortgage. 6. That (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, or (b) in the evenf any of sa;d sums of money herein referred to be not promptly and lully paid within th~rty (30) days next after ~he same seve~aity become due end payable, w~~hout demand or notice, or (c) in the even~ each and every the stipulations, agreement~, cond~tions and covenants of sa.d promissory note and th~s mortgage any a either are not iuly, promptly and lully performed, d~scharged, executed, effeacd, compteted, complied w~th and ab~ded by, then in e~~her"or sny such event the sa~d ag ~~egate sum ment~oned in said promissory note fhen remairting unpaid, with intnest accrued, and all moneys secu.ed hereby, shall become due and pay- ab!e forthwith, or thereafter, at the opr:on of said MORiGAGEE, as fully and completeiy as if a11 of the said sums of money were or~g~nally stipula~ed to b• pa d on such day, anything in sa:d p~o:n~sswy note or in this Mo~tgage to the cor~trary notwirhstand~„g; and tbereupon w thereafter s~ the opuon of sa:d MORTGAGEE, without nonce o? demand, suit a1 law o? in equity, therefore w thereaher begun, may be proaecuted as if all moneys secured hereby had maWred pnor fo ~ls institution. 7. That in 1he event that at ihe beginning of or at any ti~ne pending any suit upon this Mortgage, or to foaeclose i1, or to ?e~orm it, o? to enfwce payment of any c!a'>ms hereunder, said MORTGAGEE shall apply to the Court having jurisd:ct~on thereoi fw the appo~n~ment of a Receiv@r, such Court shall Forthwith appoint a receiver of said mort§aged property all and singular, includ~ng all and s~ngular ~he ir.ce~ie, prof~fs, issue: an~ revenues from wh~tever source derived, each and every of wh~ch, it being expressly unde~stood, is hereby mortgaged as ~f speuilcally set fwth and described in the granting and habendum clauses hereof, and such Receiver shal~ have all the broad and efSective funo.ons and powe~s in anywise entru~ted by a Court to a Receiver, and :~ch appointment shall be made by such Court as an admitted equity and a mateer of absolure right to sa;d MOR7GAGEE, and without reterence to fhe edeqvacy or inadrqvacy of the val~e of the property mortgaged nr to the so~vency o~ insolvency of sa~d MORTGAGOR or the defendants, and that such rems, profits, income, issues a~d revenues ihall be appl~ed by such Receiver acco~d~ng to the lien or equity of sa~d MORTGAGEE and the pracrice of such Court. - 8. To duly, p.omptly and iully perform, discharge, execute, effect, comple?e, comply w~th and abide by each and every the stipulations, agreements, conditions aod covcnaros in said promissory note and this mortgage set fwth. 9. That in 1he event the ov.ne+ship of the mortgaged prem~ses, or any part thereof, becomea vested in a peryon other than fhe MORTGAGOA, the "IORTGAGEE, its successors and ass~gns, may, wiihout notice to the h10R7GAOR, deat wi~h svch successor or successor in interest wi~h reference to thi~ mortgage and the de6t he~eby secured on the same mar.ner as with /.+.ortgagor w~~hout in an•~ way vit~ating or d~uhargi~g the Mortgagors' liab~tity herr ~nder w upon the debt hereby secured. No sa[e of tl~e Fre:nises hrreby mor~gaqed and no fo~bearance on Ihe part of the /J10RTGAGEE or its s~ccessors cr assigns and no exrens~on of the time fw the payment of the debt h~reby secured given by Ihe MORTGAGEE or ita successors or ass~gns, s~~all operate to release, d~scharge, modify change or affect the original liabkl~ty of the MCRiGAGOR herein, either in whole or in part. 10_ ~t is speuficatly agreed that time is of the essence of th~s contract and that no waiver of any obligation hereunder w of the obligation se- cvred hereby sbaL at any time thereafter be held to be a waiver of the terms hereof or of the instrumeN secwcd herby. : l. In add.t~o~ to the forego:~ig monrhty paym~nts of princ ;.al and interest required by the prom~sscry note secured hereb~, morigagor cove~ants a~d agrees to pay to mortgagee with each monthly payrnent an add,donal sum est~n:ared by mortgagee to be eqval ?0 1;' 12 of the annua) cost of the loUow- ,~iy: A-All real property taxes levied or assess_~d aga~nst fhe aFove described real estate. B-Pr,~rn~ums on fire and windttorm insurar.~e as here~n requ~red to be carriad on the improveme~ts s~tuate on the above desa~bed premises. C-Prem;ums on such mortgage guaranty ir.surance as mortgagee 3hall fro~*+ t me to time deem fit to carry on rhe loan secured he~eby. Morrgagee sha~t from time to nme noriFy mortgagor in writing of the amount due and payabte hereundrr and such su~*+ shall thereupon be due and ;.~~able cn the due ciate of the next month;y payrnent and each successive month thzreaiter ur,til mcrtgagee shall not~fy mortgagor of a change in such ount. Such sums shai! be app',~ed by mortgagee towa.d the payment of real properry faxes, insurance prem:ums, a~~d mortgage g~aranty insurance ~ p~emiums. IN Y~ITNESS YlHEREOf, the said MORTGAGOR has hereunto set hia hand and seal the day and year first aforesaid. ~ , gned, Sealed and delivered in Ihe presence of: a ~ - - Seat) ~ J k J, fi 1 to ~a~~ d~~?(/.f! • ~'v.P tSeal) ; _ _ _ L inde D. Eppol it0 ~xaq STATE OF FLORIDA ~ ` St. LUC1@ ~ ~UtJTY OF _ t 8efwe me personatly appeared Jack J. BppOll.tO 4 a~ ~ Linde D• CSpF10~1t0 his wife, to me welt krwsvn and known to me to be f the individua(s described in and who executed the foregoing instrument, snd atknowledged befwe me that they executed the same fw the purposes 6 ; rhe.een expressed. Md the said_- Llil(~@ B~O~ltO w~fe of the said _ pp ~ Jack J• E Ol~tO , upwi a separate and p~ivste ~ exam~nat~on 5y me taken separate and apart irom her said husband, acknowledged to and before me tfwt she executed said instrument freEly' aq~ volurt~ ; ranty and w~thout any compulsian, constraint, aFFre ar of w f~ sai usband. . • s WlTNESS my hand and official seal this _ day .jWi@ ` i~~!/~~ . ~~/y', C.~ C~ t~ : W ~'j ,r c ~ ' ~ , ....~1{~~ ~ii ~ ~i~ . ; Notary PubGc in and fw the State.nf ~ida'af~ r~x :i>=~ My Commission eapires: ' ; ~ S _ Return To: ; i~ O C~ ; Li = _ . ~f~ O ~ _ first Federal Savings a Loan Association LUh"F ~~RSE fl _ :Y i il"' $1AiE q! ~ ~ ~ ~ - ~ Of fo:t V;arce. ~ . • : , c ! 4 vi. ~5 ~ • ~ ~ ' T ,.,.~_J . ; " Fo~t Pi.:rce. Florida ~ , iF.. ~~j - ` ; - i ~ . . . . _;l:: .,a r~E[5 :~{ali 3t1~ ~CIZ • : . , • E`: ` . . i ,s ' ~ ; F - TL7i ~ Gar F. Elltnood ' . 1 ~ ~ ~ , ~'~~~uni!~s~~~~~` ; This tnstrument Prepared By y = First Federal Savings 8 Lcan Association ° of Fort Pierce ~ Florida f~~ED ~MD RECOR~EO - St.lll~IE COUwTr flA. ~y Checked By ~ B06ER FO~~RAS A~-~n~~ ; CIERK Cti?~u~T COURT ~Ga7(~ju D ~ ~VE1V itECORO YEkIf1E0 .~::K YA6E 3 IO 4S 1~ ~~3 Sb a # d - _ . ~ y ~~.4 ' ~ ~.r~G' E"°~i~.~L~~cY',r`i:ai .v... .9+_~.,~ . ~ t .2 a.-. ~ , . _ 1, ._.._.u_ ._-°r'~.e`~