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Home My WebLink About0514 9. To place and continuously kcep on the bu~'d~ngs now w hereaf~cr •ir~ete on sald land and on all equip~nent and pe.sonally cova~ed by thii mor~g- sge, with al) premiums lherton pa~d in tu~l, lire in:~rance in tFro us~al etandard poticy form, in a sum approved by the MOR~GAGEE, •nd w~nds?orm inw~aoce in rM usud standard pol~cy iam, in ~ aum approv~d ~y the MORTGAGEE, in tuch compsny w companies ai tF+~ MORiGAGEE may d~recr, and all tiro and wlnJsiwm ~nsurance poGciei on a~y of sa~d buildu+ps, any in~ersst tl,srein or par~ thereof. In /M ~ggre9ale wm alp~said w in excess ~hereof, shall contain the usual srandard mo~tgaqee clause w such other clavs~ as the Mor~gagee may reqv~re, makiny tha lo~s under ~a~d poli- cie~, each u?d every, payable to said MORTGAGEE as its interes~ may appear, snd each and every ivtA polity shall be promptly ass gned and delivered ~o any held by satd MORiGAGEE ss fu~ther iecurity to said mortgage deb~, and, naf less than ten (10) days in adva~xe of ths expirs~ion of each policy, to ds- liver lo said MORTGAGEE a ~e~+ewal thereof, togt~Mr with a reteipt fot the p~emium of t~ch renewal; and there shall bt n0 f~re o~ windsto~m i~surance plsced on any of said buildin~s, eny inir~ei~ therein a parl Ihe~eof, unless in tM form and with the tou p~yeble a• a(ortsaid; and in tht event any sum oi money becomes payable u.ukr such policy w polKies said MORTGAGEE sAall have ihe option to receive and apply the ume on accoun~ of the indebted~ neu secured h~veby a ro permil ~sid MORTGAGORS to rcceive and uss it a any part thereol for osner purpoaes, w~~houf fh~rcu~ wai~i~~g or unpair- ing any equ~ty, lien or right under or by virtue of lhis mors9age; and in th~ event sa~d MORTGAGORS thall tw any reaton fail fo keep the said premiies so insu?ed, or fail to deliver promptly any of said pol~cies of insur~nce ~o sa~d MORiGAGEE, a fail promptly ~o pay fully any ~pre~nium therefor w in •ny respetl lail to pafam, discharge, e:ecute, elfecl, complate, tomply wi~h and abida by this tovenant, w any parf hereof, said MORIGAGfE may pl~ce and pey for such imu~ance or any part thereof without waiving W affectiny any oplion, lien, equ~ty, cv righl under w by virt~e o1 thii Mptga9e, and 1Fx full amount of cach a~d tvery such payment shall be immediately due and payable ~nd shall bear interesi irom the date thereof umii paid at the rate ot n~ne per centum per annum and tcr~ethrr with such interosf shall be secured by !he lien of lhis mortgsge. 1. To {xrmlt, eommit or sutfer no waste, impairment w deterioration of said prope~ty w any part thereof. S. To pay all and singvlar the costs, chargca and expenses, including a"'reasoneble altwney i fee arid co:ts of a~st~acts of title, incurred or paid at any time by uid MORTGAGfE, because w in the event of ~he (ailure on the par~ of Ihe iaid MORTGAGOR to d~ly, promptiy and futty perform, d~xharqs, execute, effecf, comptele, complX with and eb:de by each and every f}m st;pvlefwns, agreeme~ts, condilions, and covenann of said promisso~y ~ote a~d ~hi~ mwtgags any w ei~he~, and sa~d costs, cMrges and expe~ses, each and eva+y, shall be immrdiately due and payable; whe~her p not there be nor+ce do- mand, attcmpt to colled or suit pend~ng; and the (ull amount of each and eve~y such payme~t shall bea~ in+eresl from the da~e thereof until paid al the ~are of nine per cemum per annurn; and all said cos~s, charge~ and ex, enses incurred p paid, together w~th awch interest, shall be tetu~cd by the lien of thq mortgspf. 6. That (a) in the event oi any breach of this Mortgage o~ defautt on the-part oi the MORTGAGOR, or (b) in the evenf ~ny of sa~d w~ru of money herein ~elerred to be not promptly and fully paid within thirty (30) days next after the seme sevaatly become due a~d payable, witFaut demand w nolice, or (c) in the evcnt each and every the stipu:ations, agrcements, conditions and covenanta o} sa:d promissory note and th~i mortgage any w either are nof i~ly, promptly and iuity performed, d~scharged, executed, eftected, completed, complied with and abided ~iy, ~hen i~ e~ther o~ any such event ths said ag gregate sum mentioned in said {xomissory note then remaining unpaid, with interest accrued, and all moneys setured hereby, shatl betome due and pay- ' able fathwith, or the~eaiter, at the optio~ of said MORIGAGEE, as fully a~d comptetely as i( atl of tFx sa+d sums of money wcre aiginally slipvtated ro be pa;d on suth day, anythirg sa;d pran~:soty oote w in this Mortgage to the coMrary notwithsea:+ding; and thereup.~n a thereafter at the option of said MORTGAGEE, withoul not~ce or demand, suit at law w in equity, lherefwe oa thereafter begun, may lx prosecuted as if alt moneys secured hereby nad maWred pr~Or fo ~ts institurion, 7. That Fn the evcnt that a~ tFx begi~n7ng of or at any time pending any suit vpon fhis Mortgage, a to fweclose it, w to refwm it, or to enfwce payment of any claims hc~eunder, aaid MORTGAGEE shal! apply to the Cou~t havin~ ~urisd~c?~on ~hereof tor the appo~~rment of a Rece~ve~, such Court shall forthwith appoint a reteiver of said mortgaged prpperty al! and cingvlar, intlud.ng all and singular the income, proiits, issues and revenues from whatever sovrce derived, each and every of wh~ch, it being expressty u~dersiood, is hereby mortgaged as if speuficalfy set fonF~ and described in tMe granring and habendum clavus hereof, and such Receiver ahall have all the broad and effective funct~ons and powers in anyw~:e entrusted by a Coun to a Receiver, and s~ch appoinfinent shall be made by such Court as an admitted equity and a matter of absotute r~ght to said MORTGAGEE, and without reference to the adequacy a inadequacy ot the value of tFx property mortga~ed or to the so~vency or insolvency ot sa~d /N~RiGAGOR a the defendants, a~d that s~ch renrs, p~ofits, income, iuues and revenues shalt be applied by such R~ceiver accwd~ng to the lien or equity of uid MORTGAGEE and the practice of such Court. 8_ To duty, promptty and tu11y perform, discharge, execute, effcct, comptete, comply with and abide by each a~d every Ihe stipulations, agreementt, conditions and tovenants in sa~d promissory note and th~s mortgage set forrh. 9. That in the e~erst the ownershtp of the mortgaged prcm;ses, or any part tnereo(, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successws and au~g~s, may, wi~ho~t nofice 1o the MORTGAOR, deal with such succ~ssw or successor in intere~t wi~h reference to this mortgage and the debt hereby secur~ in the same manner as with Mortgagor withouf in any way vitiating a d+xhargirg fhe Nbrtgagori liability hertr under or upon the deb~ hereby secured. No sale of the premises hereby mortgaged and no forbearonce on the pan of ihe MORTGAGEE w its successors or assigns and no eztension of the time for ~he payment oi the deb~ hareby secured given by the MORTGAGEE or its successors o? au+gru, shai) operate to release, d~xharge, mod+fy change or affect the or;g;nal Gab7~ty of the MORTGAGOR Fxrein, eisher in whole or in part_ 10. It is spec~lically ag.eed that time is of the essence of this contract and that no wsiver of any obligation hereunder or of the obligation sr c~red hereby shall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. 11. In add.t~o~ to the fwego ~g mo~thty payments of princ pal and interest required by the p~omtssory nore secured hereby, mortgagor cevenaNs and agrees to pay to rtforrgagee w~rh each monthly payraent an add~rional sum estimated by mortgagee to be equal to 1/ 12 of the annua~ cost of the follow- ing: A-ASI real property taxes leiied or assesscd aaainst the above described real estate. B-Premiums on fire and windstorm ~nsurar.ce as herein requ~red to be carr~ed on the improveme~ts s+tuate on the above destribed premises. C-Prerniums on such monc~age guaranty inwranoe as mortgagee sha8 from t~me to time deem fit to wrry oa the loan secured hereby. Mortgagee shail from time to time norify mortyagor in wriein9 of the amount due and payable hereunder and such aum shall thereupon be due and Fjyable on ehe due aate of ihe ~ext monthty payment and each successive momh thereafter ur.tit mortgagee shaR notiFy mortgagw of a change in such a-*:ount. Such sums sha;I be appl~ed by mortgagee toward the payment of reaf property taxes, insurance prem:ums, and mwtgage guaranty insurance premiums. IN WITNESS Y~HEREOf, the said MORIGAGOR has hereunto set his hand and seat the day and year first atoresaid. Signed, Sealed and.{lelivered in the presence of: \ i • • ~ 7~f~.iv.._ w.n . - wrence C. Mi,ller ts~an . ~ ~.C1127 ~L6[ ~G~it.. r5eal) ' (~Janet L~ Mi22er , _ ~ Seaq SiATf OF FLORlDA ~ ~ COUNTY Of $t. LL1C1@ " i ~ ~ ~to.~ ~ persona((y appeared ~-a?Wrence C. Miller a~ ; Janet l.. Miller his w7fe, to me well known snd known to me to b~ i the indrvidvals described in and who execwed the foregoing instrument, and acknowledged befwe me that they executed the same for the purposes ` therein expressed. And tF?e ssid .~dfl@t 1.. Mi l ler j ++~fe of the said ~~"?renee C• Mi21er upon a uparate and privsts ~ e,amenatio~ by me taken separate ar.d apart from her said husband, acknowletlged to and before me that she exetuted said instrument frQely':ant~vo~Min- ~ tariiy and without any compulsan, constraint, apprehens:on, w fea~ of or from her said husband. •-1 j WITNESS my hand and official seal th~s iSL _ day /~Ll IISt ff•,~q~~ ~ ~ 0 Zz ~C ' • ~ Notary Public in and for the ~af~ d F ' e ~t Eafg's_ ; a Retur~ Tc: G~ IAy Commiuan eapires: ~iA ot.AOR ' s~,,, ~~~1~E,5 } i Firs! Fedetal Savings d~ loan Association ~ Z~W~~~ !Pl~DEC~ l97~ 4 Of Fort P:erce. Bo~dfd3ArQG~w raI nz~ te~U~ ' S rtriters.. l [ 1~[ . Fw? Pierte. Florida ~r lJ t1V ~~,,v_ " ' ~ ; ~ `J. r f~_c:• ~a_ ?:C' S?.WC.. _•JL'\"''LA. • ~ ' ' ;r~~;. " This Instrument Prepared By Robett A~ Swi sher ~_8~. : Y~ ~'~t =-'~~j ` ~ First Federal Savings & loan Association ` ! . of Fort Piercq Florida = E ~uc b 4 0~ PM'7~ j Checked By ! . ~~~17 ~ 510 r ~ ; ~ _ - - . . _ ; : _ - ~ ~ . _ . : v yr _