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Home My WebLink About1772 , J. To piace end continuously keep on the bvi;dingi now a herealler situJts on sa~d ~and and on all equipmen~ ~nd pe?sonaliy covered by this mwtg ~g~, with all p~emium~ Ihereon pa~d in (vll, (i~e insuranca in the uiusl ttaidsrd polity lorm, in • sum apdrovad by IM MORTGAGEE, end windstorm infunnc~ In the uiual ~u~dard poGq fwm, in • sum approved by 1Ae MORTGAGEE, in suth company or compan:e~ +s tM MORTGAGEE m+y direct; +nd all (ire and windstorm insuronte policies on ~~y ot ~aid buildiops. any interest therein or pa~t thereof, in 1h~ aggregate ~um aipttaid or In exceu thereof, iMll contain the usual standard mori~a9es cl~us~ a iuch other clauu at ~ha Mo+tflage~ msy requ~re, makinp the loss under ~a~d poli- ciss, each and eve.y, payable to s~~d MORTGAGEE ~s ih interest maY +pps+r, and e+ch and every i~ch polity sfiall be prompNy ass gned and delivered ~o •ny held by sa~d MORTGAGEE ~s further ~ccurity to said mortgag~ debt, and, oot less tha~ ten (10) dayi i~ advance of ~he expira~ion of each pot~cy, w da I~v~r to sa~d MORTGAGEE s renew~l the.eof, tope~M~ with • rec~ipt fot Ihe p?emium of tuch renewal; and ~here iMll ra f~re or wi~ds~orm insurantt placed on any of soid buitdings, any inteteit therein o~ part thereof, unl~ss i~ tFN form and with 1M ~ou payabte at afo~esaid; u~d in the event any tum ; of money becomei payable under such policy or poGues taid MORTGAGEE shall Mve ~he opuon to receive an~ apply tha same on accoun~ ol ~he u+dab~ed- j ness secured Froreby o~ ro permit uid MORTGAGORS to receive and us~ i~ p any pa~t ~hereof (o~ o:hrr pur;~osrs, v.~~ho~t fh_..b~ wa~~ing or ~n,peu• ~ ing any equtty, lien or r~ght under w by virtue oi thii mortgage: and in the evem utd MORTGAGORS shall fw any reason f~il to keep the said premises so ; iroured, a fail ro detive~ promptly sny of said polKies of insurance to said MORTGAGEE, oa fait promptly to pay fully any prem~um thcrefw w in a~y respect fail ro pNform, discharge, execute, e(fx1, complete, comply wi~h +nd abide by this covenant, or any part hereof, said MORTGAGEE may place a~~d pay (d such inwrante or any part thereof without waivir~ or atfectin~ any option, lien, equity, a ~ight unde~ or by vi~tue of this Malgape, ~nd the full amount of each and every svch payment shall be im+nedi~tely due and payable and sMll bta~ in~eres~ from the date thereof unu~ pa~d +1 ~he rate oi ; nine par centum per annum and to~ether with such interesf shalf be secured by Ihe ~ien of Ihis mat9~ge. ' 1. To permif, commit or suffer no wasts, impairment a deteraration of iaid p?operty w~ny parl thereof, j 5. To pay all and singular the cosfs, charges artd expenses, in;luding a reasonable sttorney i fee and costs of abstrscts of title, i~cvrred o~ pa~d a~ any time by said MORTGAGfE, because w in ths event oi ihe failure on the part ot the isid MORTGAGOR to duly, promptly snd fully pe~fwm, d~xharge, execuro, effea, complete, comply w~rh and ib;de by esch and every ths sripvla~iona, agreemenn, condi~ions, and covenants of said prom~sswY i+ote and ~hii mortgage any w ei~he~, ~nd uid cosb, charges and expenses, each and every, sMll be immediately due and payable; whetFxr p not there be not~ce d~ mand, attempl to collett w suit pending; and the full amo~nt of each and evrry wch payment shall be~r interest from the date thereof until paid at the r,~re of nine pe~ crntum ~:er annum; and all sa~d costs, charges and expenses incurred or paid, together w~th such interost, shall be secured by the lien of tha mortpage. b. That (s) in the eve~t of any breach of this Mortgage w default on the part of the MORTGAGOR, w(b) i~ the event sny of said tvms of money herein refened 1o be not promptly and fully paid within thirty (30) days nea~ after the same xveratly become due and payable, wi~hoW demand or aotite. or (c) in the event each and eve~y the stiputations, agreemcnts, cond~tions and covensnts of sa;d promissorv note and th~s mor~gsge any or eithe~ are not iuly, promptly and fully performed, d~scharged, exec~ted, ef(ected, completed, compfied wifh and ab~ded Sy, then in either w any such event the said aQ~ gre~gate sum mentaned in said promisswy note then remaining unpaid, with interest accrued, and all moneys secured hereby, ~hall becwoe due and psy- eble fa~hwith, or therrafter, a~ the opr~on of said MORTGAGEE, as fvlly and compleTely ~a i( all of the said sums of money were w~ginatly ttipvlated to be pa~d a+ such day, anything in sa:d prom~sso+y note or in this Mortgage. to the contrary notwi~hsrand~ng; and ~hereupon or tFxreafter a~ the opt~on ot sa~d MORTGAGEE, witheut not~ce w demand, suit at law a in eq~ity, thereiwe or thereatte~ begun, may be prosecuted as if all moneys setured hereby had ma?urcd pno~ ro ifs ins~ifutiw?. _ 7. Thaf in the event that at the beginning ot or at arty fime pending s~y s~~t upon this Mortgage, a to toreclou it, or to reto~m it, o? to enfores Payment of any claims he~eunder, said MORTGAGEE shall apply to the Court having jur~sdktion thereof for the appo~ntment of s Receiver, such Court shall forthwirh appoint a receiver of said mwtgaged property all snd singuta?, includ~ng aIl and singu?a~ the income, profits, issues and revenues from whatever :ource derived. each and every of wh~ch, it be~ng expressly unders~ood, is hereby mor~gaged as if speufically set fwth and dexribed in the granting and habendu~i clauses hereof, and such Receiver shail have all the broad and effKtive fund~ons and powen in anyw:se entrusted by a Court to a Receiver, and s..ch appointment shall be made by such Court as an ad~nitted equity and a ma/ter of absolute ~ight to said MORTGAGEE, and without reference to the adequxy or inadequacy of the val~e of the property mwtgaged or ta the so:venty w~nsolvency of said MORTGAGOR or the defendanls, and that such rents, profits, income, iuves and revenues sl~all be apptied by such Rnteiver accordir?g to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, effed, comp~ete, comply wi?h and abide by each and every the stipulations, agrcements, conditions and covenants in sa~d promissory note a~ this mortgage set iwth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a person other than the MORTGAGOR, the -ti!ORTGAGEE, its succesSors and assigns, may, without noti<e to the MORTGAOR, deal w~th such successw or successor in interest with reference to this mortgsge and the debl hereby secured in the same manner as with Mortgagw without in sny way vitiating w d~xharging fhe Mwtgago~s' liabilify here- ~nder or upon the debt hereby sec~red. No sale oi the Fremises hereby mortgaged and no forbesrance on 1he pa~t of the MORiGAGEE u its successors or assigns and no extens~on of the time for the payment of the deb+ hereby secured given by the MORTGAGEE or its tuccessor• or ass~gns, shall operate . ro release, d~scharge, modify change or affect the orig~nal liab;lity of the MORTGAGOR herein, either in whole or in part. 10. It is speuficat{y ag~eed that time is of the essence of this contract and that no waiver of any obligatron herevnder w of the obligation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~t~o~ to the fwego:ng monthly payments of princ'pal and interest requ~red by the promissory no!e secured htreby, mortgagor tovenants and agr~s ro pay fo mortgagee with each momhiy payr: eN an addnional sum estimdted by mwtgagee to be equal to 1/12 of the an~ual cost of the foNow- ~ ing: A-All real property taxrs lev~~d w assessed agai~st thc above dexri5ed reai estatt. 6-Prem~ums on fire and winduorm inwrance as here~n requ:red to be carried on the ~mproveme~ts s~tuate on the above described premises. i - ~ /C-Premiums. on wch mortgage guaranty insurar~ce as mortgagee shatl frem t;me to nme deem fit to wrry on the ban secured hereby. i " Mwtgagee sfiail from time to time notify mortgagor in ~vriting of the amount due and payable haeundar and such sum shatl thereupon be due and ~ F ayable on the due date of the neat month!y payment and eath success~ve month thereafter ur.tit mortgagte shall not;fy mortgagor of a change in such a^,ount. Suth sums shall 5e applied by mortgagee toward the payment of real property taxes, insurarxe prem;ums, and mortgage guaranty insurance o~emiums. ~ IN WITNESS WHFREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ Signed. Seated and deliver in the presence of: ~ ~ ~ _ ~7 ,.c.~t ~~Nn (5eaq ~ (Sea4 t (x+q STATE Of FLORIDA COUNTY OF St+• LUCle ~ - Before me perwnally appeared Tom ~Sumpter, 8 S1.Tlgle Bf~Ult', ~~ife, to me well known and known to me to be rhe individua~ described in and who executed the fwegoing instr~ment, and acknowledged before me that 1hei executed the sartx for the purposes rherein expressed. =0~~lsi'tsrd ~ ~C~aliiidld _IF~ii t , ~ xx~tltYS37~oACtit9~ARiiiR3li~~~`dil~iin?~'iFi-se~~=sTcnew~e~ge~~o'en~~inFt~rat-sTie'ExRUtE~F~~ ~ . . ~ sseil~ts¢~~Drrt~ ' ~ tA~si~if~l~Afi~iAi~~i~3. ~~r;.,:•• •.,~::,y/~=: ~ WITNE55 my hand and official sea) this ~'h day Augu3 . '_~f ~!~-'{~-`~-y~ I - ` d - ~ Notary Public in and ior Stat~ ~id~ t,~rQs ~.'4 ~ ~ My Comm~ssion expi~es• . O~ ~ Retur~ To: OT~Y ~ s~ ~ First Federal Savings ~ loan Association _!jY CC)<<~1{JSTti~r~•~~.Q. a t . ~ Of Fort P~erce. . _ C,_ '~i~~~~S+Q~i:. fl/ - ~~I:I/Ij1Ji ~jV ~ io~t Pie+ce. Ftorida ,i9'. f ~ fjLEO AMp RECO~E~ I Z =T.l1iC1E COIINTY U. ~ This Instrument Prepared By Johll W. COllins CIE~CCIttCUIT C URT First Federal Savings 8 loan Association RECOR~ YERIFIEO ~ of Fort Pierce~ Florida ~ A~e 16 9 43 AN'T3 ~ Checked By ~ ~o K217 ~~1764 2s1s1s ~r ~ ~N ~ - ~ - - _ ~ = ~ _ . _ ti~ra~~