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Home My WebLink About1546 ~ • s 3. To plate and continuously teep on the bui!ding~ now o~ hereaire~ ?~1ua~e on ~aid i~nd and on alt equipment and personally covered by thit mortg- ~ys, with ell p~emium~ Ihereon pa~d i~ (ull, t~re insurance ~n rhe uiual ieendsrd polety fam, in a sum appro~ed by the MORIGAGEE, and w~nditorm insurance In tM uswl iundard pol;cy fam, in a wm approved by tM MORiG/1GEf, in svch company or canpanie~ as fhs MORTGAGEE may di~K1j ~nd al{ fi~~ and wind~to~m i~~uronce policies on a~y of ia~d build~np~, ~ny Intere~l therein or psrt thr~eof, in the aggreqa~e sum siaesaid w in ~xccu thereof, shall contain tM usva! standaid mwtQsgaa clause q such other claus~ ~t 1M Mwtgage~ m~y requ~re, ma?in~ ths toss unde~ •a~d poli- cies, each and every, payabl~ ro sa~d MORTGAGEE a~ ~h interos~ may appear, •nd each and every ~uch policy ihall b~ promp~ly ass gned snd deLvered ro +ny held by uid N?ORIGAGEE ai funhe~ set~rity to uid mwtgaye deb?, and, r+ot lesi tlun ten (10) days in advanc~ of the expirat~on of eech policy. to dr IivM ro iaid MORiGAGEE a renewal thereof, ~oge~Mr wiih a ret~ipl tor ~M premium o( such rer,ewal; and ~here ahall be ~o f~re or windsror~n ini„rance pl~ced on ~ny of said b~ildings, any in~ereal there~n or par~ lhereof, unte~s i~ tM /o~m and with thr lass pay+ble at afwesaidj ind in the event any zum of money becorex~ payable under such policy or poGcias said MORTGAGEE ~hall havs the optlon to rereive and apply the same on accoum of the indabtrd- ness secv~ed hereby or 1o psrmil sa~d MORTGAGORS to retaive and uu it w any parl ~heroof ior ct~rr pu~NOSes, ~•ri~ho~r Ih~.ao~ wa~.i,~~ o~ ~~n~an- inq any eq~ity, (ien a righl under w by vir~w ot this morrgage; and in 1he event said MORTC'iAGORS shall tor sny ~eaion fail lo kcep ~he said prem~srs w insured, or fai) to deliver p~omptly any of said polities of inaurance to sa~d MORTGAGEE, ar fail promptiy to pay fulty sny p~emivm ~he~elor w in a~y resp~d fail to psr(wm, discharge, execute, effect, complate, comply with and abide by this covenant, or any pait hereol, sald MORTGAGEE may piace and pay (p such ina~rancs w any pa?t thereof withoul waiving w~flocti~p any op~~on, lien, equity, w right unde~ or by virtue oi this Monga9e, and the full amoun~ of each and every iuch payment shall be immadiately dve and payable ~nd shall bear interest from the da~e thereof u~til paid ee ths rata ol nin~ per ceMUm per annum and to~elher with tvch inle+est shali be securcd by the lis~ of thii mortgage. 1. To pt~mi?, commit or suf(er no waste, impairmenl p deterioration of said property a sny part tlxreof. 5. To pay atl and singular the costs, charges ~nd expentes, including a reasonable atlwney's fee and cosrs of abst.acts of title, incurred o~ paid at any tims by iaid MORTGAGfE, because or in the event of Ihe failure on the p~r~ of the said MORiGAGOR to duly, promptly and fully pesform, d~scharge. execute, effecr, comple~e, comply with at+d ab:de by each and eve?y the stipulano~?s, agreements, conditioru, and covenants oF said prom~ssory note and ~hn mwtgage any or either, and said costs, tharge~ and exFenses, esch and eveay, ~hatl b~ immediately dus and payabte; whe~her o~ not ~here be norice dr mand, aftempt to collec~ or s~it pend~ng; a~d t1~e futl amovn~ of each and eye?y such pay,nent shall bear interest from tAe date the~eof until paid ~t the rate of nioe per centum per annum; and all aaid costs, charges and eapznaes incurred p paid, together w~th such interesL shall be setured by the lien of thif morty~qe. 6. That (a) in tF~e event of any breach of lhis Mortgsfle w defautr on rha part of the MORTGAGOR, w(b) in the event any of said s~ms of • money herein referred to be not promptly and futly paid wiihin th~rty (30) days next af~e~ Ihe same seve~ally become due and payable, without demsnd or no~ice, or (c) in the cvem each •nd eve~y Ihe stiputafio~a, agrcem~nts, cond~~ions and covenants of sa~d prom~ssory note and th~s mwrgage any a eithe? a?e nol iuly, promptly anc! fvlty performed, d,schsrged, lxKU1lt~, effected, completed, compiied wtth and sb~ded ~iy, then in elther or any such event the said ag gregate wm mentioned in said prom~ssory nc~e then remaining unpaid, with intcrest accrued, and all moneys secured hereby, shall betome due and pay- able torthwith, or thereafter, at the optio~ oi sa~d MORTGAGfE, as fvlly and completely ss if s~l of the wid sums of money were onginally stipulated ~o be paid on such day, anything in said promissory note or in this lNortgage to the tontra?y notwithstand~ng; and thereupon or thereafte~ at the option of said MORTGAGEE, wifhout notice w demand, suit at law or in equity, therefwe o~ thereafter begun, may be p~osecvted as if all moneys xt~red FKreby nad matured pnp to ~ts inatitutio~. , 7. That in the eveM that at the beginoing oi a at any time peoding any wil upon this Mortgage, or to faeclose it, or to reform it, or to enforce payment of any claims he.eunder, said MORTGAGEE shall apply to the Court having jurisdiciion thereof for ihe appointment of s Receiver, such Cou.t shall forthwith appoint a r~ce+ver of said mongaged p~ppe.rty sll and singular, includ~ng all and singu~ar the income, profits, iuues and revenues from whatever source derived, each and every of which, it being expressty unders~ood, is Fx~eby morrgagcd as if specifically set iw~h and desuibed in t1+e granting a~d habendvm clauses hereof, and such Receiver shatl have all tFr_ b~oad and effecrive funcf~ons and powers in anyw~se entrusted by s Court to a Receiver, and such appointrrKnt shall be made by such Covrt as an admitted equity and a matter of absolute ~~ght to said MORTGAGEE, and without refererxe to the adeq~acy w inadequacy of the value oi the property m«tgaged or ~o the sotvency or insotvency oi sa~d MORiGAGOR or the defendants, and that such .enrs, profits, income, iuues and revenues shall be spplied by such Receivn accord~ng to the lien or equity of wid MORTGAGEE and the prac~~ce ot tuch Court. 8. To duly, promptly and fvlly perform, d~scharge, execute, effect, complete, camply wtth and abide by each and every the stipulations, agreements, conditiona and covenents in said promiasory nore and fh;s morrgage set fwth. 9. That in the event tbe ownership of the rr~ortgaged premises, or any part thereof, bccomes vested in a perso~ other than the MORTGACaOR, the MORTGAGEE, ib sucteuors and assigns, may, wethout noiice to the MORTGAOR, deal with such suctessor p svccessor in interest with reference to thia mortgsge and the debt hereby secu.ed in the same manner as with Moregagor without in any way vit~ating or d~xharging the Nlortgagors' Iiabildy herr under w upon the debt hereby secvred. No sale of the premises hereby mortgaged snd no iwbearance o~ the part of the MORTGAGEE w its succeswrs or auigns and no exeens~on of the time {or the paymeni of the debt hereby secured g~ven by the MORiGAGEf or its svccessas or ass;gns, ~1wU operate ro release, d~xha,ge, modify chanye or affect the orig~nal Iiab~I~ty of the MORTGAGOR herein, either in whole w in part. 10. It is specifically agreed thaf ti~ne is of the essence of this contraU and that no waive? of any obligation hereunder or of the obligation se- cured hereby shail at any time thereafter be held fo be a waiver of 1he terms hereof or of the instrument secured herby. I 1. In add~tEon ta the fo.ego:ng momhly paymems of princ pat and interest required by the promtssory note setu~ed hereby, mortgagor covenants and agrees lo pay to mo:tgagee w;ith each mo~rhly payrnem an add;cional sum estin~ated by mortgagee to be eqval to 1 j 12 of the an~ual cost of the follow- ing: A-AII real propeny taaes levied or assessed agai~,st the above described reai estate_ B-Premiums on fire and windsrorm insurar.ce as here~n req~~red to be carried on the improvements situate on the above d~scribed premises. C-Premiums on such mortgage g~a.anty insura~~cr as mortgagee shall from tane to time deem fit to carry on the loan secured hereby. Matgagee shall from time to time notify mortgagor in writi~g of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of ~he next mor.thly payment and each successive month thereafte? vr.til maitgagee shal! natify mortgagw of a change in such a~-,ount. Such sums sF.all be appiied by moregagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiumf. IN WITNESS WHEREOF, the said MOR7GAGOR has hereunto set his harsd and seal tbe day and yesr first afore Signed, Sealed and d ~ ered in the prssence of: , , •n - cs~a+~ cs~~n ' r,se,q ; STATE OF fLOR1~A ~ . St . Luc ie ~ t courvrr oF ~ Befwe me perwnal:y appeared Raynon T.• Spivey a~ ' 6ron L. c.~ivev i ~Y his wife, to me well known and known to me to be ; the ir~dividuals desuibed in and who eaecuted the f egang instrument, and atknow{edged befwe me that they executed the same fw the purposes ( rherein expressed. And the said 8ron L. $p~VQy ` ~~fe of the said Ray~on L• ~p1V6y ~ upon ~ ~epa~ate and priva}e examinat:on by me taken xparate and apart from her said husband, ackrawledged to and before me that she executed said insj~,uc~e~lt. Geely and volun- ~ rarily and without any compulsion, constraint, apprehep~,hor fear of or from ~r~id husband. ~ , E.` • ` ~ , R' ~~3 s WITNE55 my hand and official seal this j d y of ~~u~ ~ - .l % ~ - Notary Pubfit in a for 1F~e 51 o~f'. Lar~d ~ My Commiu'ro~ expires: ~ . ~ Return To: ' ' • ~ first federsl Savings 3 ~oan Association ' \ ~ ~ *A ~ . • NQTARY PUE. r t TE ~4 FLORaAat~lltR~ . i Of ~orr P~erce. IdY CC'•'''"`.; •;i - 'SEC. '~'4.l 1~.': ? for! Pierce. Florida Bcri^.'• ..+.•=e Uncter~ritK1. ~ ~ ~59~~ ; - 7his lnstrument Prepared By J. H. Roberts~ Jr. ST. '~N~RECORD First Federal Savin s b Loan Association f!q~ ~~E COUpTYFEO ~ ` of Fort Pierce ~FloY ida REC~RD V ~ q ~~j ~OURT ~`t'~~ ? fRir:EO ~ ' Checked 8y _ 1... ' p ~ ~ s w~ ° 19 ~ ~13 _ ~ • . ~~s ~IQ~ js ; ~ ; _ _ _ _ _ - - _ . _ _ - ~ _ _ ~ ~ _ . s_