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Home My WebLink About1998 3. To place and continuously keep o~ thc bui'dings now or herea(ter ~ituate on ia~d land and on at~ equipment and perionatly covered by thi~ mor~g- ag~, with all premiumi thereon pa~d in futl, fire insurance ~n the usual stsndard policy form, in • sum app~oved by 1he MORiGAGEE, and windstorm insursnce in tM viual standard pol~cy form, in a sum approved by tM MORTGAGEE, in such tompa~y o~ comp~~ies ai the MORTGAGEE may directj and all fire and w~nd~torm insuronce policie~ on any of uid bvild~ngs. any intere~~ thsrein w par~ thereoi, In tin +g9regate sum alaresa~d w In ~xce~s ~Mroof, shall contain the usval standa~d mortgaflee dause w such otha clavis as ~M Mo•r9agee may requ~re, ma~in~ the Ioss unde~ ~a~d poli- cies, each and eve~y, payable to said MORTGAGEE as itf intrrest may appear, s~d each and every s~ch policy tiha~l be prompl~Y +ss.gned and de~ivared ~o •ny held by said MORfGAGEE as (urthe~ security to s+id ma~gage debt, and, ~o~ leu than ten (10) days in advance o( the expiratioo oi each pol~cy, to dr liv~? to taid MORTGAGEE a renewal thereof, to~etMr with • receipt fo~ the p~emium o1 tuch renewal; and there shall b~ no i~re or winds~orm insurance pl~ced on any of said buitdings, any intere~t therei~ o~ part thereof, unle~s in the fo~m ~nd wi~h the lou psyable as a4wes~id; and in the ev~nt any sum of money becomes payable undar such policy or pol~ciss iaid MORTGAGEE shall havs the op~~on to receive and apply the fame a+ accovnt of the i~debted- ness secured FKreby or ro permit sa~d MORTGAGORS to receive snd uie it or any part thereof for o~her purposes, w~rho~t th:.~ui waivi.~3 or u~~pai.- iny any equ~ty, lien or rigfit under or by virtus of this mortyage; ~nd in the event ~aid MORTGAGORS shall fw ~ny reason tail fo keep the ssid premises so insu~ed, W/ail to deliver promptly ~ny ol said policies of insu~ante to said MORiGAGEE, o~ fail promptly to pay fully any premium lheretw or ~n any resped (ail fo perform, distharge, execute, eftect, complete, tomply with and abide by this tovenanl, a any part hsreof, taid MORTGAGEE msy place a~d Fay fp such irourance o~ any part thereof without waiving or afteclinp eny option, lien, equity, w riphl unda a by virtue of this Mo~tgage, and the full amounl ot eech and every such payment thall be ~mmediately due and payable and shall bear interest from tt?s date ~hereoF until paid at ~he rate ot nine per centum per annum and together with tuch interest shall be secured by the lien of this mott9aga. 1. To ~mit, commit or suffer no wa~te, impairment w deterioration of said property w+ny parf thereof. S. To psy all and singular the costs, charge~ and expenses, including a reasonable attwney i fee and costs of abstracts of title, incurred or paid at any time by wid MORTGAGfE, because a in the event of tF~e fa~lure on the par~ of the said MORTGAGOR to duly, promptly and fully pe~iwm, d~xharge. execu~e, ef(ect, complete, comply with and ab;de by each snd every the stipulanons, agreements, conditions, snd eovenanrs oi said promissory no~e and tAit mqtgage any or eilher, and said cosb, charges and expensei, exh and every, shatl be immediately d~e and payable; whether w not thare be notKe d~ msnd, attemp~ to colled or suit pending; and the full amo~nt of each and e~ery such payment shslt beer interest from the date thereof until psid at the rare o~ nine per centum ~,er annum; and all uid costs, charges and e~cpenses incurred or pa~d, together w~th such interest, shall be ucured by ihe lien of thif mortga~~. 6. That (a) in the event of a~y breach of this Mortgsge or default on the part of the MORTGAGOR, ar (b) in the eve~t a~y oi sa:d sums of money herein .eferred to be.nol promptty and fully paid within th~r~y (30) days next after the same severally beconx due and payable, withou~ demand or notice, o+ (c) in the even~ each and every the stiputations, agreements, condiiiona and coven~nts of sa~d promiuo~y note and th:s mortga9e any a either are not ~uly, promptly and fully performed, d~schargrd, executed, effected, completed, compl~ed wi?h and ab~ded by, then in e~tAer or any such event the uid ag- gregate sum mentioned in said promissory note then remainiry unpaid, with inferest accrued, and all moneys secured hcreby, shall become due a~d pay- abte iwthwitA, a thcreafter, at the optan of said MORTGAGEE, as futly and completely as if all of the said sums of money were orginally st~pulated to be paid on such day, any~hing in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter a~ the opt~on of said MORTGAGEE, without notite or demand, suit at law or in equity, therefwe w thereafte~ begun, may be prosecuted as if all moneys set~red Fxreby had matured pno~ to its institurion. 7. That in the evem that at the beginning of w at any time per?ding any suit upon this Mortgage, or ro faeclose it, or to refwm it, w to enforce payment of any claims he~eunder, said N10RTGAGEE st~all apply to tF+e Gourt having ju~7sdict~on thereof for the appointment of a Reteiver, such Court :hall forthwith sppoint a receiver of said mortgaged property all and singular, includ~ng all and singula~ the income, profits, issues and revenues from whatever source derived, each and every of whkh, it be~ng expressty undersrood, is hereby mwtgaged as if specifically xt fwth and dewibed in the g~anring and habendum cla~ses hereo(, and such Receiver shal{ have all tFx broad and effective funct~ons and powers in anywise emrusted by a Court Io a Reteiver, and s~.ch appointment shall be made by s~ch Court as an admitted equity and a matter of absolute righl to said MORTGAGEE, and without referente to the adequacy or inadequacy of the value of the property mortgaged or to the so~vency w insolvency of said MORiGAGOR or ihe defendants, and that such rents, profits, intome, issues and reven~es shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fuliy perfwm, discharge, execute, effect, complete, comply with and abide by sach and every fhe stipufations, ag~ee~nenis, conditions and covenants in sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, w any part thereof, becomes vested in a person ottier than the MORTGAGOA, the !'1~ORTGAGEE, its successws and assigns, may, without notice to ~he MORTGAOR, deal with such succeuw a successor in interest with ~eference to thia mo~tgage and the debt hereby setured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagori liability herr under or upon the-debt hereby secured. No sa~e of the premises hereby mortgagcd and no forbearance on the part of the MORTGAGEE w its svccrssors or auigns and no exrension of the time for the payment of the debt he~eby secured given by the MORTGAGEE or its successors or au~gns, shsll operate to releax, dixharge, modify change or affect the original liabitity of the MORTGAGOR herein, either in whok w in part. 1~. It is specifically agreed ~hat time is of the essence of this contract and that no waiver of any obligat~on hereunder or of tha obligatan sr cured hereby shafl at any time thereafter be held to be a waiver of the terms hereof w of the inslrumenl setured herby. 11. In add~tio~ to the forego'ng monthly paym~nts of princ"pal and interest required by the promissory note sec~red hereby, mortgagor cove~ants and agrees to pay to mo:tga~ee vvith each monthly payment an addirional sum est~mated by mortgagee to be eq~al to 1 j 12 of the annual cost of the follow- iny: - A-All real property taxes levied or.assessed against the above described rea! estate. B-Premiums on fire and winds~orm insurance as herein ?equ~red to be car~ied on the improveme~ts situate o~ the above dascribed premises. ' C-Premiums on such mortgage guaranty insurar~ce as mortgagee sha{I frem time to time deem fit ro carry on the loan secured hereby. ~ Mwtg3gee shail from time to time notify mortgagor in writing of the amount due and payable htreunder and such sum shaU thereupon be due and ~ Fayable on the due date of the next monthiy payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ ar,ount. Suth sums sF.all be applied by mortgagee toward the payment of real property taxes, i~surance prem:ums, and mortgage guaranty insurance o~emiums. t ' ~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day a y ar firs afw , ~ ' ned,'sealed and elivered in the presence of: € sq r aul F. Da?vi son ,~,n ~ _ cs~n ~ _ cs~•o , ; ~ ~ STATE Of FLORIDA 1 a couNn oF ST. LUCIfi i~ Before me penonally appeared Paul F. Davidson, a single adult , , to me welf ju+b4irn and known to me fo be the individual described in snd who executed the foregoing instrument, and acknowledged before me that he exewted the _~ame for the purposes , ~ _ i therein expresxd. k f ~ . . ~ X9dC]t~X . . . ~ClOf'~7C~7tI!' "J~JC ~ ~ ' ~sth ; : ~ WITNE55 my hand and official seal this day of . ~ ~A. D. 19_7~ ~ - . ~ - Notary Public in and fa th~ Stat ~ ~ds at targe My Commiuio~ eapires: ~A~ ~~RIDA N URQ[ Retum To: M1f CpYMISSIpN p(p~~tQ $EpT, 25, 19YS s First Federal Savings 3 loan Association 3 Of fort P~erce. ~b ~~~Nl~li ~ptnflq t Fort Pierce, florida ~ ~ f1Lf0 t~~ QF~COROEO ~v fT. WG1E C~3~NTY FU. ~ This Instrument Prepared By RiCh~?7Cd K. Kayes . RotE~ ~ O~TRAS ~ First Federal Savings 8~ Loan Association R Cif~!K Ci~C~sT COURi ~ of fort Pierce ~ FloYldd • 'pf vF-:;FtE9,~,.,,~„~~ Checked By .~w.13 9 s6 At~ '73 DC~!! ~~t7t~ _ , ~ 259493 ~ - f ~ - , ~~A ~h Y ~ . _ ~ " ,'"z.'3 ~ ~ h e~f h'a~~° KM ~a a" . _ ~as~' ~'"~s _Ke< _ _ _ ~ . . ~ ~%.~__~:5~"t-~~,,,~~~c,~