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Home My WebLink About2499 + r To place and continuously keep on the bui!dings now or hrrea(ter ~~tuate o~ se~d Isnd and on alt eq~~p~ne~~ and penonally covered by this mor~g~ ~pe, with all premiums thercon pa~d in i~ll, (ire insurance in ~ke usuat standerd poticy form, in a tum app~oved by the MURCGAGEE, and w~nd~torm iniur~nc~ in the usual t~andard pol~cy form, in a sum approved by ~he MORTGAGEE, in such compa~y o~ compan~es as ~h~ MORTGAGEE may direct; and all (i~s and w~r+dstorm i~iuronce po~iciei on sny of said build~np~, any interest therein or parl tFx~cof, i~ tFw ~gy~eflare tum aioresa~d o~ in txcei: thereo(, fhall to~tain tfie ~sval sunda~d morlga9e~ clauie a ~uch o~her cl~utie a~ tM Morlyagee may requ~re, makinp ~hs los~ under sa~d poli- ciss, each and every, payab~e to sud MORTGAGEE +e ~i• interest may appear, ar~d each and every such policy ~t,all be prompilr assgned and del~verrd ro •ny held by i~id MORfGAGEE ~s furthe~ ~ecurity to ~aid mw~gag~ debt, and, no1 leu than ten (10) days in advanca o1 the expiration of ea<h policy, to de- livt~ to said MORTGAGEE a renewal thereof, lo~e~htr with • rece~pt for the pte~n~um of tuth renewal; and there shatl be no f~re or windstorm insurance pt~ced on any of said buildings, any i~terest the~e~?+ or parl tMreof, untei~ in tM form •nd with tlu lou payable as a(a~ssid; and in the evenl any sum of money becomei payable under such polity a pol~cies taid MORTGAGEE shall h~ve ths opt~on to receive and appty tM same on accoun~ of the indebted~ neu iecured hereby or ro permit said MORTGAGORS to rcceive and.uae it a any part ~hereol for oti~er pur~~oses, w~~hc~t ~har~b~ wa~~~ng or u~~pa~r- iny any equ~ty, lien o~ righl under a by virtue o~ this morsgage; ~nd in ~he eve~t w=d MORTGAGORS shal! fw any reason fai! to keep ~he sa~d p~emisrs so in~ured, or fail to deliver promplly ~ny of said policies of insurance to ssid MORTGAGEE, w fail promptly to pay fully any pre~n~um therefw or in a~Y respect lail b pe~form, d~stharge, executs, effect, tomplete, tomply wi~h and abide by this covenant, q~ny part hereof, sa~d MORiGAGEE msy p~ace and pay fo? suth iniu~snce o~ any part tha~eof without w~iving or affecling ~~y option, li~n, equity, w?ighl undcr w by virtu~ ot this Mo~tgage, and the full ~mount of each a~d eve~y svch payment shall be ~mmediately due and paysble +nd shall be~~ interest from the dal• lhereo( until paid a1 the rate o~ nine pe~ centum per annum and together with such interest shall be secu~ed by the lien of this mo~tgage. 4. To permit, tommit or wfter no wa~fe, impai~ment w dete~io~atio~ of said property p any part lhereof. 5. To pay all and sirqular the costs, ch+~~es and expenses, inctuding s reasonable atto~ney's fes and costs of ~bstrocts of titls, incuned w pa~d at an~ time by said MORTGAGEE, because w in the eve~~ of ~he failurs on ~he part of the ssid MORTGAGOR to duly, promptly ~nd fully periwm, d~schargs. execute. ef(ect, complcte. comply wnh sod ab:de by esch and every the stipulst~ons. ~g~eements. conditwni, and covenants o( said promissory note and ~hi~ manga~e any w ei~he~, and sa+d cos?s, cMrges and expenses, each and every, shall bs immediately d~e and p+ysble; whether w not there be no~~ce d~ mand, attempt to colied or suit pend~ng~ ~nd the full amount of exh and every such payment shell bear interest from ~he date ttiereof until paid at the r~re o~ nine per centum per annum; and all said costs, charges and ex{xnses incurred or paid, logether w~th suth interest, ihell bs satured by the lien o( thi~ mortgags. 6. Th~t (a) in the svenf of any breach of this Mortgage o~ default on tM part of rhe iNORTGAGOR, or (b) in 1he event ~ny of satd tums of money herein raferred to be not promptly and lully paid within th~rty (30) days ~exi afrer the same severatly become due and payable, without deR+and o~ twtice. or (c) in the event each and every ~he stiputations, agreements, cond~~ions and covenants of ~a~d prom~ssory note and th~s morlgaye any a either are no1 i~ly, promptly and fully performed. d:scharyed, executcd, effected, completed, compGed w~th and abided by, tFxn in either w aoy such eveM tha sa~d ag- gregate wm mentioned in said promissory note then remaining unpaid, with intereft accrued, and all moneys secured FKrcby, shall become due and pay- able forthwith, u thereafter, at the option of sa~d MORTGAGEE, as fully and completely as ii all of ~he said sums of mooey were onginally •t~putatcd ro be pald on such day, anything in sa:d prom7ssay note or in this Mortgage to the contrary notwithsiand~ng; and thereupon ot lhereafter a~ ~he opt~on o( sa;d MORTGAGEE, without not~ce o~ demand, suit at law w in equity, thcre(ore o~ thereafte~ begun, may be prosecuted ss if all moneys secured hereby nad maturld pr:Or to its institvtion. 7. That in the event that at the beginning of or at any time pe~ding any suit upon this Mortgage, or to foreclose it, a to reform it, or to enfo.ce payment ot any claims hereunder, said MORTGAGEE shall apply ro tht Cou~t having ~urisd~Uion thereo! for the appointment of • Receiver, such Courf shal~ Forthwi~h appo~nt a receiver of said mortgaged property all and singular, includ~ng al! and 'singular the income, p~of~b, issues and revenues lrom whatever seurce derived, each and every of whKh, it being exprculy unders~ood, is hereby morrgaged as if speufica~ly xt (or~h and described in the graroing a~d habendum clauses hereof, and such Recaiver shalt have all the broad and effective funct~ona and powers in anyw~:e entrusted by a Cou~t to a Receiver, and s~ch appointmenf shall be made by such Court a~ an admitted equity and a matrer of absolute ri9h1 Io said MORiGAGEE, and withoul referente to the edequaty w i~adequacy of the valve oi the property mortgaged o~ to the sotvency or insolvency of said MORIGAGOR ot the defendants, and that such renrs, profits, intome, issues and revenues shall be apptied by such Receivcr accord~np to the lien w equity of said MORiGAGEE and the practice oi such Court. 8. To duly, promptly and fully perfwm, d~scharge, exccute, eifect, complete, comply with and abide by each and every the stipvlations, sgreements, conditions and covenanrs ~n u~d promisswy note and th~s mortgage set for~h. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in a perwn other than the MORTGAGOR, the h!ORTGAGEE, its successors and assigns, may, withovt notice to the MORiGAOR, deal with such sutcessw o~ successor in interest with refere~ce to this morrgage a~d the debt hcreby secured i~ the same manner as with Mortgsgor w~~hout in any way vitiating or d~uharging the Mwtgagors' liability herr under w upon the debe hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of the /AORTGAGEE w its successors or auEgns and no eatension of the time ior the payment of the debi hereby sec~red given by the MORTGAGEE or its successors or ass~gns, slull operate re releax, d~scharge, modify change or affett the original liab~lity of the AM1ORiGAGOR herein, eitF~er i~ whole or in par1. 10. It is spec~fica~ly agreed tnat time is of the esse~ce of this cont.act and that no waive? of any ob~~gation hereunder ot of the obigation sr ~ c~red hereby shali at any time thereafter be held to be a waiver of the terms hereof or of 1F?e instrument secured herby. 11. In add!tion to the forego'ng monthly payments of princ pal and interest required by the promiswry note secured hereby, mortgagor coveoants and agrees ro~ay to mo•tgagee vv~th each monthly payrnem an add~sio~al wm es~~ma~ed by mortgagee to be eq~al to 1~ 12 of the annual cost of the foflow- ~ng: A-All real property taxes Ievied o~ assessed against thc above described real estate. B-Premiums on f~re and windstorm insurar.te as herein requ:red to be carried on the improveme~ts situate on the above destribed premises. C-Pre~niums on such mwtgage guaranty insura.,ce as mortgagee sF~all from t~me to time deem fit to carry on the loan secured hereby. Mortgagee s'riall from ri~ne to t~rne notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ' ~ 3yabte on the due date of the next monthly payme~t and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ a^,ouM. Such sums sF.aif be a lied b morr a ee toward the a ment of real ro rt taxes, insurance em;ums, and mort a e uarant insurance PP Y 9 9 P Y P Pe Y P~ 9 9 9 Y E n~emi~ms. ~ IN WITNE55 L'JHEREOf, the sa~d MORTGAGOR has hereunto set his hand and sral the day and year first afotesaid. [ Signed, Sealed and delivered in the preser.ce of: ~ ~ FILEO ANO RECOROfA ~ l.l.-f ~ a~ ST. Lt~C1E COU TaRS A. (Seaq = ROCER PO ; - - CIERx CtFCU~T COURT (Seaq RECORD ~Ea'FtEO ~~s~~ ~ ~ t6 10 ia AH'T3 ~ STATE OF FLORIDA ~ ~S~~QrJ COUNTY OF St • LLiCl@ , snd # Befue me personally ~ppeared Tommy Spivey ~ _ Barbara Spivev his wiie, to me well known and known to me to be ? rhe individvala described in and who execut4~ -the for aqg instrument, and acknowledged before me that they executed the same fw the p~rposes ~ therein expressed. Md the said Bar~dZa ~1V@y/ ~ N~fe of the wid ?O~my ~iVey vpon a separate and priwte examination by me taken separaie and apart from her said husba~d, stknowtedgcd to and befue me that she exetuted said instrumMt fres{y ~nd volun~ j ~ ra~~ly and wlthout any compulsian, constraint, aPPr~2e6th , a fear of or from her ss~iy nd. `'~`;4{{a l~, ,73 WITNE55 my hand and official seal this day of ~y- b~. . . ~ , Notary Public in an~. or the ~Le of i~at lar~ ~r~ ~ My Commission e:pires: • : ~ P ~ - • - ^ ~ • "J ~ Return To: = • a First Federa) Savings 3 Loan Association = 3:c ~ ~ Q ~ •1TC ~ ~ • Of Fort P~erte. ' " ~ ~CP'~J ~ `j~ 4 J ~ ~ FOrt Pierce. Florida ,''i.E~ ~i'~ ~~~%y'~ a ~j ....~....:u r~..,~.._...,,..o.~eCiS :li5:i~3;,~~: u Tq'j ~ ~ / - 7 - 7~ ~ Richard V. Ho e ' ~ This Instrument Prepared By p ~ ~ First Federa) Savings 8 Loan Association ~ of Fort Pierce F1oZida? ~ Checked ey 80aK PAC~ ~ ~ 2 t ~ Y" ~ . . . z~ - ~ ~j ~q - - _ . . . ` ~ m , . . ~ ~ ~5-;-'~`?`i.~=~x.'~_,.~~~.~~~:.n'~:?'..~..z.~w._.: . .Y~""'s~u:'~-'~.,