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Home My WebLink About1532 3. To place and continuovsly kcep on ihe bui!d~ngs now or hereafte~ ~~~u~~e on sa~d tand and an ell equipmem and pe~sonatfy ~overed by thi~ matg~ a9e, with all premi~ms thereon pa~d i~ fult, lire insu~ance in the v~val ~~andard polity lorm, in • sum approved by ~he MORTGAGEE, and winds~o~m insur~nce in ths uiual ttandard po:.cy iwm, in • sum approved by tAe MORTGAGEE, in such company or cornpan~cs as ~he MORTGAGfE may dirtctt ~nd all fire and w~ndi~zrm iniurance poticiet a? any of said build~nyi, any int~res~ the+ein or p~n thaaeoi, in th~ sggreyate ~um atw~iaid o~ exca:s ~Aereol, shall contain ~he usual s~andard mor~gagee clause a ~uch oihe~ clauie ~i ~M Ma~p~ges may requ~re, mak~ng ihe +o?~ under sa~d poli~ uea, each and every, payable to said MORTGAGEE a~ +n interesl may appea~, and each and eve~y iuch pol~cy shail be promptty ass gned and delive~ed to any held by sa~d MORTGAGEE ~s fur~her securiry to taid mortgage debt, and, no? ieu than ten (10) days in advance ot ~he expirat~o~ of each pol~:y, to da liver to taid MORTGAGEE a~enewal thereof, Ioge~Fxr with a rece+pt for tM premium ot such ~cnewal; and ~here ~hall be no f~re o~ w~nds?wm insurance p~aced on any of iaid build~ng~, any intero~t there~e or pu1 thereoi, unles~ in the (o~m and with the lou payable as aioresaid; snd in ~he eveM any sum ot money becomes payable undea such policy or pol~cies ieid MORTGAGEE shall hsve the option to ~eteive and apply ~he same on accoun~ ol the inclab~ed- neu secured hereby w w pe~mi~ sa~d MORTGAGORS to rece~ve and uss it or any parl ~hereof for o~ner purNoses, v.~rho~t tA u~ .va;~i»3 or ~~~:py~~- ing any equ~ry, tie~ or right under or by virtus of thia mor:gige; ind in the even? ~a~d MORTGAGORS s~a11 fw s~y reason fail to keep ~he said pre~ni~es so iniuretl, o? fail ro delive? promptly a~y of taid pol~ties of insurante to said MORiGAGEE, w fail promptly to pay fully a~y pre~nium thereior or in a~y respect iail ro perfpm, dixharge, execute, effeq, complete, cornply with •nd abida by thi~ covenanl, a any par/ hereof, sa~d MOR(GAGEE may pisce and pay for such insurance or any part thereo( without waivirg o~ afFe:tirq sny option, lien, eqvity, o~ right unde~ or b1 virtue of this Morlgage, ~nd the full ~mo~n~ ot each and every suth payment shall be immediately due snd payable and shall bear interest from the date thereoi unfil paid at the rats ol nine ptr centum per annum arxl toge+he~ witA suth intergs~ shall be tecured by the lien of th~t ma~gage. 1. To peimif, commit w sufler no wsste, impairment w deterioration of sa~d property or any part thereof. S. To pay all snd sinyuls? the costs, charge~ •nd eapenxs, including a ~easonabte atto~ney's fce and costs of sbstracta of title, incurred w paid at any time by uid MORTGAGfE, bccause o? in the evem of the failure on the part of ~he said MORTGAGOR to dv~y, pro+npily snd 4ully pertwm, d~scharge, execute, elfect, complete, tomply w~lA and ab;de by esch and every the s~ipulat~ooa, ag~eementi, conditions, and covenams of sa~d p.Qm~:so~y note and this _ matgage any or e~ther, and said cosb, charges and expenses, each and every, shall b~ immediately due and payab:e; whethrr w not rhe~e be rrorice d~ mand, atlempt to cotlect w suit pend~rtig; and fhe futl amount of each and every such payment shall bear intereat irom the date thereof until paid at the rate of nine per centum per am~urn; erx! all said costs, charges and exp.-nses incurred w paid, together w~th such iMe~es4 shatl be securetl by the lien of ihif mortgsge. 6. That (a) in the event of any breach of this Mwtgage w defavlt on the pn.t of the MORTGAGOR, a(b) in the evenl sny o( said sums of money herein referred to be not pranp~Iy and futly paid wiihin thirty (30) days nexf after the same aeverally become dve ar+d payable, wit?w~t demand a notice, or (c) in the event eacA arxl eve~y the s~ipu;arions, agreements, cond~~ions and covenanrs of sa;d promiuory rtote and th:s mortgage any or e~iher are not ~uly, ptemptly ant! lully perlormed, d~uhar~ed, executed, effected, cc+mpteted, complied with and abided `ay, then in either w any such ever+l the sa~d ag- gregate sum mentioned in said piomissory note then remaining unpaid, with interest accrved, and all moneys xcured hereby, shalt betome due and pay~ eb~e forthwith, or tfxreaf~er, at tt~e option of said MORTGAGEE, as !vlly and compleiely as ii all of the said sums of mo~ey were w~gins:ly st~pulated to be pa:d on such day, anything in said promissory note or in thia Mortgage to the contrary notwithstanding; and ~hereupon or thereafter al the option of sa~d MORTGAGEE, without not~ce w demand, suit at law or in equity, therefore o? thereafter begun, may be prosecuted aa if al! moneya tecured hereby had matured pr~w to ~ts instilution. 7. That in the event that at the beginn~ng of w at a~y time pendi~g any suit upon this Mongage. a to fo~eclose it, or to reform it, w to enforce payment of any claims hereundrr, ss~d MORTGAGEE shall apply to the Court having jurisd~Uion lhereof (w the appo~ntmen? of a Receive?, avch Court shall forrhwith appo+nt a receiver of said mongaged property all and sirr~ular, includ~ng all and singular the i~come, profits, issues and revenues from whatever source de?ived, each and eve~y of wh:ch, it be~ng expressly unders~oed, ia hereby mor?gaged as if specliicalty set fath and described in the 9ranting and haber~dum clauses he~eof, and :uth Receirer shatl have alt the broad and effective funct~ons and powers in anywise entrusted by a Court to a Receiver, and s:;ch appointment shall be made by such Court a? an admitted equity a~d a matter of absolute right to said MORTGAGEE, and without reference to the edequacy or inadequacy of the value of the p~operty mortgaged or to the so~vency or insotvency of sa+d MORIGAGOR or the defendants, snd that such rc-nrs, profits, income, issues and revenues shall be app:ied by such Receiver according Io the lien or equity of said MORTGAGEE ar.d Ihe practice of wch CouA. 8_ To duty, promptiy and fv:ly perform, discharge, execute, effect, compiete, comply with s~d abide by each end every the stipulafions, agreemenis, co~ditions and covenants in sa~d promissory note and this mortgage set fwth. 9_ That in the event the owncrship of the mortgaged premises, w any part thereof, becomes vested in a person other than the MORTCaAGOR, the MpRTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such suctessor or successor in intereat With reFererece fo this mortgage and fhe debt hereby secv~ed in the same manne~ as with Mortgagw without in any way vitiating or dixharging the Mortgagors' liability he~r under or upon the debf hereby secured. No sale of the premises hereby mortgaged and no forbearonce on the part of the MQRTGAGEE w ita successws or assigns and no eztension of the time for ihe payment of the debt hereby secured given by fhe MORTGAGEE or its svccessors or auigns, shall operate ro release, discharge nodify change or affe~t the orig;nal IiabfLty of the MORTGAGOR herein, eitFxr in whole or in part. 10. It is spec~fically agreed that t~me ia of the essence of thia contract and that no waiver of any o6ligation hereunder or of the oblgatwn st ; cured hereby shall at any time thereafter be he~d to be a waiver of the terma hereof or of the instrument secured herby. 11. tn add~uon to the foreg~o:ng month(y payments of princ'pal and inrerest requ'~red by the prom'~ssory note secv~ed hereb~, mortgagor covenants and agr~ to pay to mortgagee w~th each monthly payment an add~rional sum est~mated by mortgagee to be equal to 1;` 12 of the annual cost of the follow- ing: A-All rea! propert~ tazrs tevied w assessed aga~nst the abore described reat estate. B-Premiums on fire and windsrorm ~nsurar.ce az hereln requ~red to be carr~ed on the improveme~ta situate on the above descri6ed premises. C-Premiums on such mortgage guaranty ir.surar,ce as mortgagee shalf f~om t~me to time deem fit to carry on the {oa~ secured hereby. Mortgagee shall from t~me to time notiiy mongagor in writ~ng of the amount d~e and payable hereundrr and such sum shatl thereupon be due and c3yab~e on the d~e date of tka next month;y payment and each success~ve month thereaher ur.til mortgagee shall natify mortgagor of a change in such ~.,~ount_ $uch su~ns sFall be applied by mortgag~e to~vard the payment of real property taxes, insuran rem;ums, and mortgage guaranty insurance p~emiums. IN Y~ITNESS WHEREOf, the said MORTGAGOR has hereunto set h;s hand and sea~ the day a ,ear st oes "`/v' . Signed, Sealed and deliver in the presence of: an ~ RiChard L W' 22i ms . ~,~y i ~ ~ Q `L c l ' ?heodora J williaas ~ SiATE OF FIORIDA ~ • COUNTY OF St• LuCi'e Before me persona!!y appeared Riehard j~~ williams a~ ` T~IEOt30Y8 .1. Williams his wife, to me wefl known and known to me to be ' the individuals desuibed in and who executed the faegoing instrument, and atknow{edged befote me that they executed the same fw the purposes i E tF.erein expreased. And the said Theodora J. willis~a ' ~;re or ~;a _ Richard L. Williams ~ - - upon a separate and private ! examinat~on by me taken separate and apart from her said husband, atknowledged to and before me that sFx executed said instrument freely and vo~~n- ra~ity and without sny compulsan, constraint, apprehens<on, or fear of or 4rom her said husbsnd. ' WITNESS my hand and official seal this 16th day o ~ A~ 19~_ /L _ ~ Notary Public in e or the Sta of-Flor" d Lar~s ~ • :E ' My Comm~uion pires: . Return To: • - " First Federal 5avings S loan Association ~1~R1~ P~~~C.` S7ATE ot FLORIOA st IARGE. ' Of Fort V;erte. ~S9189 ~Y CO'1i:'L~S!~3;k~XPIRES DEC.' .tooecd :bW-~ .;a-a! rw-~^-e~~lnwepvpfrrf. Fort Plerce, Florida . , ± 0 ~ r~~Ea a~co~ofo , ~ ST. LUC1E ~OUqTr F~A. i This Instrument Prepared By John W. Collins ROCER PO?TRAS lt~ ' First Federal Savings 8~ Loan Association CIEP.K Ct?CU~T COURT U - . of Fort Pierce~ Flori da Rf ~ORD VE~+~~tEO r Checked 8y - ~ 18 ~ ~ p R a ~e~e~ js 800~;?i~ ~~,~.~~k3~.~ ~ ~ ~ ~ . _ . _ : ~