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Home My WebLink About0914 e . . J. To place a~d continuously keep on the bu~!d~nys now or hereaher sit~ate on tiaid land and on a~l equ~p.nen~ •nd penonally covered by this mweg ~e, with •II premiums ~hercon pa~d in fuli, (ue ins~iance ~n the usua! s»~+dard policy fam, in • sum ~pproved b~ ~he MOR~GAGfE, a~~d w+nds~wm +~w~arxe in Ihe usual sundard pol;cy tam, in a ium app~oved by iFx MORTGAGEE, in such comp~ny or compan;es a~ ~~s MORTGAGEE ~++ay directJ and all fire and w~nds~orm insurance policies on a~y of sa~d build~~qt, ~ny intuest ~F+erein or part thereof, in th~ a99regs~e sum ~fwesa~d w In extess thereof, shall coniain ihe usual sra~dard mwtgagee dauts or such o~her clauss ~s the Monqaqee m~y requ.re, makinp the Iois undc~ sa~d po~F cies, each and every, payab~e io sa:d hIORTGAGEE as ~t~ intereit may appea~, and each and every fuch pol~cy shalt be p~o~npuy ~ss gned a~d de~~vr~ed +o •ny held by sa~d MORTGAGEE as (unhe~ ~ecurity to uid matgage drbt, a~d, not Icu ~Mn ten (10) days in edwnce ol lhe e~cpi~at~on ol each potlq, to dr liwr to uid MORTGAGEE a renewa! rhe~eof, ~opeihe~ with a ~ece~pt iw the premEum oi tuch renewal; and ~here shall be no f~re o~ w~nda~cr~n ir.surance placed a+ any of said twildi~gs, ~ny interest thae~n w part ~he~eof, unles~ in tFk (o~m ind with ~he loss payab!e ai afaesaid; and in tF~e evenl any ium of money bccpmes payable under such poliq or poGcies sa~d MORiGAGfE shall have the opr~on fo ?eceive and apply the same on accouro of ~he i~wi~:b~nd- nesa secured hereby a to permit sa~d MORTGAGORS to ~eteive and use it w any part thereof for athc~ purposes, v,Ji:o~t th~•ao~ w~~+~~3 or ~~~~pan- ing any equ~ty, Ilen a ri9ht ~ndrr w by virtue of this matgage; and in the event ia~d MORiGAGORS shati fo~ sny reason fa7! to kecp the said premisef so insured, o~ fail fo detiver promplly any of said pol;cies of insurance to said MORTGAGEE, w fait promptty to pay futly any pre~~ium therefw w in any respact fail to pafor+n, d~scherge, execurs, effeu, complete, comply wi~h and ab~ds by th~s covenan~, a any psrl hereof, sa~d MGRTGAGEE msy placr s«o pay fa such insurance a any part thereof wi~hout waivir+g o~ •ffecri~ any oprron, lien, equ~ty, or ripht under a by virtue of th~s Mo~tgage, ~nd ihe full amoun~ o! each and every such paymant shalt be immcdiatcly due and payable a~d slwll bear intere~t irom ~he date ~Aereof u~tit pa~d et ~he ra~e ol n~ne per centum pe~ annum and 1ogr~~er w~th such interest shali be secured by the lien of this mortqage. 1. To permit, commil or sufFev no waste, impairment or deterioration oi faid prope~ty or any pa?! ~he:tof. 5. To pay atl a~d sinpular the coats, cMrges and expensea, +nctuding a reasonable atforney's fee and costs of abs~~acls of tifle, incur.ed o~ pa~d at any time by sa~d MORTGAGfE, txcause a in the event of the fa~lure on ~he part of Ihe said MORTGAGOR to d~ly, promptly and fufly perform, d~uherge. execute, ef(ect, compte~e, comply wah and ab:de by each and every the stipula~rons, agreemenrs, conditions, arxl covenants o; ssid p.omissory note a~d ~hii mortgage any os ei~hcr, and sa~d costs, charges and expenses, each and every, shall be immed~a~rty due and payable; whe~her or not ~here be ~otice dr mand, attempt to collcct w auit pend~ng; ard the full amovnl of each and every such paymen~ aFwll bea. inrerest from ~he date thereot unril paid at the rate of nine per centum per anuum; a~Kl a!f said costs, charges and expensea ;ncurred w paid, toge~her w~th such imerest, shall be secured by the Gen of tha mJ~t9ayf. , b. That (s) in the event oi any bresch of thi~ Mortgage o~ defaul~ on the part of thc MORTGAGOR, or (b) in the eve~~ any of sa:d sums of rrane~ hercin referred to be not prompety and fully paid wirhin thirty (3p) days next aiter the same severatly become due and payable, withou~ demand or nofice, or (c) in Ilx even~ each and every the stipu!asions, a~reemcros, co~d~~~o.+s and covenants of sa~d prom~ssory nofe and ~h~s mw~gage any w e~~her are no~ ~uly, promptly and futly prriwmed, dacharged, e~ecuted, effected, comp;eted, complied w~th and ab~ded Sy, then in e~thes a any such event ~he u~d ag- g~egate sum mentioned in said promissay notr then remaining unpaid, with interes~ accrued, and all moneys setured hereby, shall betome d~e and par- abie forthwith, o~ thereatte~, at the option of said MORTGAGEE, as fully and completely as ii all of th~ said suma of money were angin~lly s~~putated to be paid on such day, anythirg in sa:d prom7ssory note o~ in this Mw/gage to the contrary notwithstanding; and thercupon or thereaf!e. at the optw~ of s3id MORTGAGEE, without notice w demand, suit at law a in equity, theratore w thereafte~ begun, may be prosecuted sa if all moneys secured hereby nsd matured pnor to ~ts instifu~ion. 7. That in the event ~hat at the beginning of or at any tirr~e pending any suit upon this Mo~tgage, o~ to foreclose it, w to refo~m it, or to enfo.ce paynxnt of any claims hereunde?, sa~d MORTGAGEE shall apply to the Court having jurisd+di~ thereof iw 1M appo~ntmeM of • Receiver, such Court shail forrhwith appoint a receiver of said mortgaged property all and singular, includ~ng afi and :ingular the inco.ne, p~of~ts, issues and revcnues iiom wha!evrr source derived, each end every of wh~ch, it bei~g expressty unde~stood, is hereby mortgaged as if spet~fically aet forth and desc~ibed in the grant;ng and habendum clauses hereof, and s~ch Receiver shall have all the broad and cifective funcno~s and, powers in a~ywise entrusted by a Cou~t to a Receiver, and s:.ch appointmen~ shelt be mrde by such Gourt as an admitted eq~ity and a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the vat~e of the property mwtgaged o~ to the sonenty or insokvency of said MORTGAGOR p the defendants, and that such rents, profiri, irxane, issues and revenues shall be appiied by such Receive~ accord~ag to the lien or eq~ity of saed MORTGAGEE and fhe p~acnte of such Cour?. 8. To dvly, promptly and ful!y perform, d~scharge, execute, effect, comptere, comply with and abide by'each and eve~y the stipulations, agreements, conditions and covenanb m said promisswy note and this mortgage set forth. 9. That in the event the ownership of ~he mortgaged prem~ses, or any parl tirereoF, becomes vested in a pe?son ofher 1l~an the MORiGAGpR, the NORTGAGEE, its svcceuor: and ass~gns, may, wi~Fwot notice to the MORTGAOR, deal with such successa or successor in imerest with reference to th~s mo~tgage and the debt hereby seturcd in the same manne~ as with Mo~tgagor without in a~ry way vitiating w d~scharging the Mortgagars' lia6ility herr under o~ upon fhe debt hereby secured. No sala of fhe premixs hereby mo~~gaged and no fwbearance on the part of the MORiGAGEE or its sucteswrs or ass~g~s and no extens~on of the time for ~he payment of the debt hereby secured given by the MORTGAGEE or its s~ccessors w au~gns, ahall operate io release, d~scharge, modify change or affect the orig~nat tiabit~ty of the AAORTGAGOR herein, either iet whole or in part. I0. tr is spec:f~catly ag.eed thar time is o~ the esu~~ce of this connact ar.~ fhat no waiver of a~y obGgat~on hereunder a of the ob!igation se- cured hereby shall at any time thzreafter be held lo be a waiver of the terms hereof w of the instrument secured herby. 11. In add:ro~ to the fwego'ru~ monthly payments of princ"pa{ and inreres~ requ~red 6y the prom~ssory no!e secured he+eb~, mortgagor covenants and agrees to pay !o mortgagee vcith each monthly payrnent an add~rional sum ess~rreated by r»ortgagee fo'be equai to 1,`12 of the annual tost of the follow- ~ng; A-AII real prope.ty ta,es levied or assess~d aga~•~st the above desc.ibed r~al estate. ~ B-P.em~ums on fire and windsrorm insvrar.ce as here~n requ:red to be carried on the improvements situate on the above described premises. C-Premiums on such mwigage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on tF~e loan secured hereby. Mortgagee sha;l f:cm r~me to ti~+,e notify mortgagor in writ~ng of the amount due and payable hereundrr and such s~rn shail thereupon be due and F~yable on the d~e ciate of the next month:y payment and each successive month thereaft~r u~,til mortgagee shall notify mortgagor of a change in svch a^:ourn. $uch s~ms sFail be appf~ed by mortgagee toward rne payment of rea! prepeny taxes, inswance prem:ums, a~xJ mortgage guaranty insurar.ce p~emiums. - IN Y~ITNESS Y,/HEREOF, she sa~d MORTGAGOR has hereunto set his hand and seal the day an firs afw , Seated and deliv ed in the presente of: ' / an ~ ~ ~ C_ aul F. a i on cs~.n - - - cs~a~~ f - ~xa~ ' STA7E Of fLOR10A i ~ ST LUCIfi ~ u- f couvn oF ~ ~ ~ Paul F. Davidson a sin le adult Before r.x personally appeared - f 9 i ; to me well kaown apd known to me to be ~ the ind;vidual dexribed in and who executed tF?e fwegoing instrumeM, and acknowledged before me that fie exeaped flfe :~i+ne tw the pwposes f therein expressedX ' ~ ~['lffO~7tyE)!!!~t - "1 ' ' - s ~ !i !ilt~l7l~tli[~( WITNESS my hand and oifiual seal thia day of Jul • 7 1,~~ d~;j~Lp ,~q 73 - ' ~~~{i - :t. ' Notary Public in and for tir S! ' My Commission eapirei: ~ Return To: ~ ; Fint Federal Savings 3 loan Aasociat~on ~~~Q~ ~ U~(`,E ~ O( fort P:erte. ! fort Pierce. Fter~da ~~COM~1 AmONrEXP~IRES.rsEP suf2llC! ~ : This Instrument Prepared By RiChBrd K. Kdy@S 6~ L~(~.~IE C~i~1~~~~~. .t ~ F+rst Federa! Savings 8 loan Association RCGEr. U~tTR~1S (y1 of Fort Pierce ~ F10 Zld3 CtERK C<<:.dIT tQUlt~ !i P~_ P i_, ~fe ; Checked By f ~1L I~ $ t141~'7~ ; ' aoox216 pac~ 9~4 . 2~5~'76v - - ~ - .