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Home My WebLink About0857 3. To place and continuouaiy keep on ~he bui:d~ngs now or hereafter situats on said i~~d +nd o~ alt eq~ipmene snd pe?sonally cove~ed by lhii rtwrtg~ ps, with sl) piemiumt Ihereon pa~d in full, f~re In~uronte i~ the usual ~lsndsrd polity fam, In • sum approved by Ihe MORiGAGEE, and windstorm insuraoce in tM usual standard pol~cy fam, in •~um approved by fhe MORTGAGEE, in ~~cA company w companies u the MORTGAGEE may d~rec~t ar+d all firs and w~~dstorm iniur~nce pol~c~es on any of iaid bu~:d;nys, any inrsres~ therein o~ par~ thereof, in ?M aggre9~~e sum alwesaid w in ~xce~s ~hereof, thall contain fhe ~sual standard mortgagee cl~u~e a suth o~her clauss ~i tM Ma~flage~ may requir~, makinp ~he loss unde~ sa~d polh de~, each and w~ry, psyab~e ro said MORTGAGEE as its ir.terest may ~ppear, and each and every :uch pol~cy ~bal1 be p~omptly ass:gned and delivQred ~o any held by uid MOR~GAGEE as fur~her sec~rity 1o said mortgaye debt, ~nd, not less than ten (10) d~ys in advanc~ of ihe ~xpiration o1 each policy. to d~- liw~ lo said MORTGAGEE a re~ewal thercof, toqe~her with a rec~ipl fu the premium of svch renewal; and there sha11 be no fue or winduorm iniuranc~ plx~d on ~ny o} said b~ildings, any intereit there~o a pan the~eof, unless in tM form u+d with ths lou payable ai a(wesaids u+d in the evenl any ivm of mo~ey becomes payable under such poticy or poticies iaid MORTGAGEE shall have ths optan to receive and spply tM same on ~ccount of the indebyed~ nsu secured Ms~sby ot to permit sa~d MORTGAGORS ro teceive and v~e it w any part thereof tor othca purposes, wi~hout ihereb~-wai~~ng or ~mpair- in~ any equ~ty, l;en p r~ght undc~ or by virtue of this mo:eyage; ~~d in Ihe svent s+id MORTGAGpRS shall fw ~ny reaso~ fail to kea~p the aid premi?rf so insured, pr fail to delive~ promptly any of said polKies of insursnc~ to said MORIGAGEE, or fail promptly to pay /ully any {uemium the~efo? or in ~ny re~pacl fail to pa(win, discharqe, exeture, effett, complefe, comply with ~nd ~bid~ by thii covenant, or any part hereoi, said MORiGAGEE may plece s~~d pay fw such insuranca or any part thereof wi~hout waiving a ~ffec~ing any option, li~n, equly, o~ rigM ~nde~ or by vir~ue of thi~ Mor~gaqe, u+d the (ull amou~t o( each snd every such payment shall be immediately due and payable and tha!! beaa interest from the date Ihereof until paid at the rat~ ol n~ne pe? tentum per annum and to~ether with such interest shall be secured by tha lien of this mortpagt. 4. To permil, commit or suffer no watte, impairment or deteraration oi said ptoperty w a~y part thereof. S. To pay all and singutar the costs, cha?gea and expenses, including a reasonable attorney i fee and costs of abstracts of title, iaturred or paid at any time by said MORTGAGEE, b~cavse or in the evant of the failure o+? the part of tha said MORTGAGOR to duly, promptly ~nd fully perfwm, d~uharge, execute, effect, complete, tompty with s~d abide by esch and every the stipulat~c~!q, agreements, conditions, and covena~ts of said promii~ory ~ote and this mwtgsge any w ei~he~, and u~d cosb, charges and expenses, each and ~vMy, sMll b~ immediatety due and payable; wheiher a no1 there be notice d~ mand, artempt ro collec? p suit pend~ng; and the full arta~nt of cach and every such psyrr~nt shall bear imereat irom the date therepf umil paid at the rate of nine per centum per an~~um; and all said costs, chargcs and expeases incurred or paid, together w~th suth intereat, shall b~ sec~red by the lien of thia mortp~ge. b. That (aJ Fn the event of any bresch of this Malgage or defa~U on the part of tha MORTGAGOR, or (b) in the event ~ny of said sums of money herein refe~red to be not promptly and fully psid within thuty (30) days nex~ afier the same uve?alty betome due and payable, without demand w notice. or (c) in the event each and every fhe stipulations, agrecmenrs, cw~dirio~s and covenanis ot sa;d promissory note and th~s mwtgage any w either are not ~uly, promptly and futly perfwmed, d~xharged, exetuted, effected, completed, compl:ed with and abided by, then in e~ther or sny svch event the uid a¢ gregate sum mentaned in said promissory note then remaining unpaid, with intcresi accrued, and att mor?eys secured he~eby, shall become due and pay- able forthwith, p thercafter, at t}~e option of said MORTGAGEE, as fully and completely as ii all of the said sums of money were aiginally s~~pulated to be paid on suth day, anything in sa:d promiuuy note w in this Mwtgage to the contrary notwithstanding; and therevpon or thereaite~ d1 rhs option of 3aid MORTGAGEE, without norice or demand, suit at law or in eqvity, thereiore a theieafter begun, may be prosecuted ss if all monrys secured hereby fiad mawred pnor to i1s institution. , 7. Thaf in the event that at the beginning of or at any time pe~ding ~ny suit upor? this Mo?tc~ge, or fo faeclose it, a to refwm N, w to enfwce payment of any tlaims hcrcunde?, said MORTGAGEE shaN apply to the Gourt having jv~~sd+ttion thereof for fhe appo~ntment of a Rece~ve~, such Court :hall forthwith eppoint a~eceiver of said mortgaged property all end :inpulsr, irKlud~ng all and singular the income, prolits, iuues and revenues from whatever source derived, each and every of whith, it bti~g expressly ur?derstood, ia hereby mwtgaged as i( speciticatfy set forth and destribed i~ the granting and habendum clauses hereof, and such Receiver shatl have all the broad and effative funcno~s and powcrs i~ anywise entrusted by a Courf to a Reteiver, and s~ch appointrtKnt shall be made by such Court as an admitted equity and a matter oi absolute right to sa~d MORTGAGEE, snd without reference to the adequacy or inadequacy of the vatue of the prape~ty mortgaged or to rhe soiventy or insolvency of sa~d MORiGAGOR a the defendants, and that such renn, profits, incwne, iuues and revenues shal{ be applied by auch Receiver according to ~he lien w puity a1 said MORTGAGEE and the p?actice of such Court. 8. To duly, promplly and fully perform, discharge, execute, effect, complere, comply with and abide by each and every fhe stipulations, agreements, conditions and covenants in said ptomissory note a~ this rtwrtgage set fath. - 9. That in the eve~t the owner:h~p of the mwtgaged premises, or any part thereof, becomes vested in a person othe~ than the MORTGAGOR, the N.ORTGAGEE, its succe:sors and assigns, may, withovt notice to the MORTGAOR, deal with such successw or successor en interest w;th refe~ence to thia mo~tgaqe and the debt hereby setured in the same manner as with Mortgagor without in any way vitiating p discharging the Mottgagors' liability hert under w upon the debt hereby secured. No sale of the premises hereby mortgaged and no fwbears~ce on the part of the MORTGAGEf w its auccesson or assigns and no extens~on of the time fw the payment of the debt he.eby secured given by the MORTGAGEE or its tuccessors w a~igns, sF?all operate ro release, d~scharge, modify change or affect the original liability of the MORTGAGOR Ixrein, either in whole w in part. 10. It is apecifically agreed that time is of the esunce of fh~s cont~act and that no waive~ of any obligatton hereunder w of the obligation se- cured hereby shat( at any time thereaiter be hefd to be a waiver of the terms hereo! p o! !he instrument secured herby. 1 t. tn additio~ to rhe forego'ng monthly payments of princ"pnl and interest required by the prom~ssory note secured hereby, morigagor covenanTs and agrees to pay to mo: tgagee wirh each monthly pay.nent an add~tional sum est+mated by mortgagee to be equat to 1 j 12 of the annual cost of the follow- ing: A-All real property taxes tevied or asseszed agai~st the above described real estare. 8-Premiums on fire and windslorm insurance as herein requ~red to be carried on the improveme~ts situate on the above described premises, C-Premiums on s~ch mwtgage guaranty insurar.ce as mortgagee shall from t~me to time deem fif to carr~ on the loan secured h¢reby. Mortgagee sfia?I from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the next monthly payment and each successive month thereaiter urtil mortgagee shalE notify mortgagor of a change in such a-r~ount. Such sums shall be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty i~surance p~emiums_ IN Wl7NES5 WHEREOF, the said MORTGAGOR has hereunto set his hand and aeal the day and ar first afwesaid. ppp S' ned, Sealed and delivered in presence of: ~ u.t f/ •n J Ginevra S Paul ~,h . ,~n , ~s~a~ I STATE OF fLORIDA ~ . ; COUNTY OF St• LLtle ~ ! Befwe me personally appeared Ginevra S~ Pauley Mi ~ J~i~~if~ to me well known and known to me to !v ~ the individualj destribed in and who executed the foregoing instrumeM, and scfcnowtedged be/we me thaishe~ executed ths sams (or the purposes i therein expressed. Ar~.~l~s.s~ii • .rif~of tba.aiid ~~•~"~Irj~•+t . ~?imP:+~+~f~4lj+}d~YiirW~ ' oz~mio~twn.6~µ.a~ti4eoiaparat~.anoi.a*as~.4~owrMe?wii.lw~b+r~~.«wr~,wi~~.t~~wd~bri~+e~ws~i~s~~l~e~ews~M«L~aTitirrt ~ las+t~.aarL~riiFwut.aai~-~P~+~+~~{~4•~rp~eL~rru/i~ry.~n.f~as~~-fiowrfrr-s~iJ*raVewi ' % - ; WIiNESS my hand and official seal this /~h~ day of ` r'A,,-D•`~q~. - ~ _ , ~ ~ . ~ Notary Public in and for 1be;StltA E ~ds a ~1~~ My Commission e:pires: ' ~ ~ Return To: ~~~~~f ~ S~ atiARGE r::ir~ttY~ 6, first Federat Savings a loan Associatlon ~ p ~ tA( CS~N1`~3;~!`. ' t..:'.;.i•"~~2~. 1975 ' Of fort P~e~ce_ FItEO At(D ~~iJt~~EO y. ~~[3CC8 C_^. ~ ~ ST. ~u.it cous+tr Fu. ~f'•a,;, ~4*~ • ; Fort Pierce. Florida - u' T~4S - - eo - • 9 Cif.~:r. : ~.%~1~ COURT ' p c r f. . : E 1' ~ f;" ! ~ u6 ~ ~ This Instrument Prepared By John W. Co~n~ 3 33 PH'73 ` First Federal Savings b Loan Associption ! of Fort Piercei Florlda ~ F ~ Checked By ~ ~ ~ ; ~ ao~~21`~ ~~~:E ~i~? ~ : - - - _ ~ ~ yau. ~ _ - _ : . :