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Home My WebLink About2648 Tp place and continuously keep on fhe bui!dings naw a hereafta ~~~uats on said land and on all equipment •nd pe~tonaliy cover~d by thi~ mwt~ ' egs, wi~h all p~emium~ ~hercon pa~d i~ (ull, (ire inw~ance in the usu~i srsndard pol~cy form, in a sum ipp+ored by IM MORtGAGEE, and w~ndiiorm insuranc~ in th~ us~al iranda.d pol~cy (am, in • sum app~oved by tM MORTGAGEE, i~ iuch company or companiei +s t1y MOR~GAGEE may d~rrcl: and all (iie and w~nditurm insurancs policies on ~~y oI said buiW~ngi, any inl~rest Iherein or pa~1 It~ereof, in fM aflgregat~ avm ~ioresaid O? in excess thereof, ihall contain rhe usua! slanda,d matpbgee clause w such othe~ clauss as 1fie Mwtqage~ may requ~r~, makin~ Ihe loat unde. ~s+d pol~ j c;es, each ~nd avery, payable 1o said MORIGAGEE as interos~ m~y appear, ~nd each and every ~uth policy •hall be promptly au g~cd a~d detivercd to any Fxld by ssid MOR~GAGEE ai tur~her security to said mo~fsa~e debt, and, not leu rhan fen !10) dayi in adva~xe of 1he expir~tion of e~ch policy, lo dr ~ I~ver to ~aid MORTGAGEE a renewal thercof, toge~her with a rec~~pt fw IM premium of tuch renewal; and there shall be no f~re or w~nduorm insuranc~ pl+c~d on ~ny of said build+ngt, any intereft therei~ w parl thercof, unless in IM form ~nd with tM lou payabte as a(oresaid; and in tlw evsn! any sum o~ money becomes payab~e undsr svch polity or pol~cies said MORTGAGEE ihall Mvs tF~e opt~o~? w ~eceive and apply the same on account of tha indeb~ed~ nest setured hareby o~ 1o petmil said MORTGAGORS'to receive and uss it w any part thereof fo~ o~ncr purposts. witho~t th=~ebi .vaivi~ig or ~mpair- infl any equ~ty, iien or righf unde~ w by vi~tw of this morryage; and In IM evcnt uld MOkTGAGORS shall fw any r~ason fail to keep the ~~id p~emi~et ?o insured, p fail 1o defiver promptly any of said pplicies oF insur~nca to taid MORTGAGEE, w tait promptly to pay tully sny pre~nium therefa a in a:~y respect fail to perform, discharge, exccute, elfed, complete, comply with snd abide by this covensnt, u any pa~t hereo}, se;d MOR7GAGFE miy place and pay fw such insuroncs o~ any put thereo/ without w~ivinp or affetti~p ~ny option, lien, equity, or right under w by rirtw of Ihii Mo+tgaye, and the f~ll amount of each and every iuch paymem shall be immed~ately dw ar~d payable ~nd sha11 bear ~roerest (rom ths date thereof uniil paid st the rar~ of ~+ne p~r centum per anrwm and to~ether with such inrereat shall be sacured by th~ lien of th~s malpage. Io permlt, tommil or suHa no wasts, impairment or deteriwatan of said propeny a ~ny part thereof. S. 7o pay all and singulu the cos~s, cMrges and expe~ses, inctuding a reasonable attor~ey's fee a~d coatt of ab«rads ot titte, incurr~d or paid at any time by said MORTGAGfE, 6ecause a in fhe event of the failura on ti~s part of tha said MORiGAGOR to duty, promp~ly and fut~y pe~form, d+uharqe, execute, eftect, complete, comply with and ab~de by eacb and every the itipulatiwu, sgreementa, co~ditions, and mvenants of said promi~sory note and this mortgage any or either, and ~a~d costa, charges and eapenses, e~ch ~~d every, sMll be immediatety d~e and payeble: whether w ~ot there be notice do- ~ mand, sttempt to cotted or wi1 pending: ~nd 1he (ull amovnt of each and every ~vch payrtxM ahafl besr interost from the date thtreof unNl paid at Ihe rye of ~ine per ce~tum per an~w+n; and all said cos~s, charges and eapenses incurred or paid, toge~her wnh such interest, sMll be secured by the lien of thi~ mortgaga, 6. TMt (a) i~ the waM of any breach of fhis Nbrrgage w defauh on rhe part of the MORIGAGOR, a(b) ;n rhe went any of sa~d twns of money herein referred to bs nol promptly and fully paid wirhin thirty (30) days nexl aher the same severolly betome due snd payabte, without demand o~ notice, or (c) in the event each and every the stiputations, agreements, co~ditions and covaunts of u:d promissory note and tA~s mwtgaye any a ti~her are rro! iuly, promptly and fully performed, d~scharged, executed, tffected, completed, complied with and abided by, then in either w any such event tl~e iaid a¢ gregate tum menta~ed in said promissory note thrn remaining u~paid, with interest accrued, a~d afl moneys xcured hereby, ihall become due and p~y~ eb!e forthwith, a thereatter, at the option of said MORTGAGEE, as fully ard complerely aa if a!1 of the aaid sums of money were aiginally stiputa~ed ~o be pa;d on suc!? day, anything ia sa:d promissory note or in this Mortgage to the contrary notwi~hsranding; and ~hereupon w thereafter a~ ~he op~ion of sa~d MORTGAGEE, w~thout notice w demand, suil at law w in equity, 1F1er@folC a ~hereaf~er begun, may be prosecuted ss if atl moneys secured he?eby hed rrrdfur~ pf~0~ t0 ~/3 iA3)ilufi0ll. 7. That in the event that at the beginning of or a~ any time pe~ding any suit upon th.ia Mortgsge, a to fweclox it, w to refwm it, or to enforce ' paymenl of any claims hereunder, said MORTGAGEE shall apply to the Courl having jurisdittion thereof for the appo~ntment oi a Receiver, such Courf shal! ' farrhwith appoint a ~eceiver of sa'rd mortgaged p~operty all and singutar, including all an~ singula~ the income, prof~~s, iuves and ~evenves from whatever sou~ce derivcd, each and every of wh~ch, it be~ng expressly under:~ood, is hereby mortgaged as if speuiically set fwth and dewilxd in the g~anting and ; habendum clauses hereof, and svch Receiver sha~l havea all the broad and effective funchons and power~ in anywise entrusted by a Cour1 to s Receiver, and a~ch appointment shall be made by such Cour~ as an admifted equity and a matter of absolute right to said NIORTGAGEE, and without refere~ice to the edequacy a inadequacy of the vatue of ~he p~operry mortgaged w ~o ~he sowenc~r o~ irnolvency o( wid MORiGAGOR a the defendann, and rhat such re~rs, profits, income, issues and revenues shall be applied by such Receive? xcording to the lien w eqvity of said MORiGAGEE aind the practite of such ~ Court. : . To uly, promptly and fully perfwm, dixharge, execute, effect,- complete, comply with and abide by each and every the stiputations, agrcemenfi, ~ cond~tions and covenanrs in sa~d promissory nore and thF~ mo~igage ut latb. ~ 9. That in'the event the ownersF~ip of Ihe mwtgaged premises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the ~ MORTGAGEE, its succeuors and ass~gns, may, wifhout notice to the MORTGAOR, deal with such successw or successor in interest w~fh re(crence to this mortgage a~d the debt Mreby secured in tA! seme manner as with Mprtgagor wirhout ia any way vit;afing or diuharging the Mortga9ors liability here- under or upon the debt hereby secured. No sale of the premius hereby mortgagcd and no forbearance o~ Ihe part of the MORTGAGEE w its sutcessors 1 or ass~gns and rw extension of the time for the payrrHent of the debt hereby secvred given by the /I~ORTGAGEE or its successws or assigns, ~hall operate 3 to release, diuFwrge, modify change or affect fhe originat liability of the J1hORTGAGOR herein, either in whole or in psrt. _ G 10. It is specifitally agreed that time is of the essence of this contract and that ~o waiver of a~y obligation hereunder or of the obligstan se- ; cwed htreby shall at any time thereafter be heid to be a waiver of the terms hereoi w of Ihe insttument secu~ed herby. _ 11. In addAio~ to the forego~ng monthly paymams of princ pal and inrerest requ~red by the prom~swry note secured hereby, mortgagar covenants ~~d agr«s to pay to mo-tgagee v~ith each momhly payrnent an add~rional sum esumated by mortgagee to be eqval to 1/ 12 of the annual cost of the follow- ing: A-AU real property taxes levied or assessed against ~he above descriyed~ real estate. B-Premiums on fi~e and windstorm insurar.te as herein requ~red to be carned on the ;mproveme~ts sitvate on the above described premises. C-Premiums on such mortgage guaramy insurar~ce as mortgagee shatl from t[me to time deam fit to carry on Ihe loan setured hereby. Mortgagee shall from time to tirne notify mortgagor in wr;tirg of the amount due and payabk hereunder and auch surn shall ihereupon be dve and F~vabte on the due date of the next morohly payment and each wccessive month thereaRcr urril mortgagee shaq notify mprtgagor of a change in suth ~~.ount. Such sums shall be applied by mortgagee toward the payment of real p~operty taxes, inturance prem~ums, and mortgage guaraMy irtsurance remiums. IN WITNESS WHEREOf, the said MC}RTGAGOR haa hereunto set his hand and seal the day and year first aforesaid. Signed, Sealed and delivere in tht presence of: . f ~:SL-~-~si~"i ~i ~ ~K cs~~n ~ , cs~n _Billie J. L~ ker ~a~ ; ~Seaq ~ S1ATE OF FLORIDA COUNTY OF $t . Luc ie ~ • ~ 8efwe me penonally appeared WllbOil E. Walker and Billie .1. Walker h~s wile, to me well known and known tli rtM o b~ rhe individuals described io and who executed the foregoing instr~ment, and acknowledgod before me that they executed the sa ~~ptN~oNs therein exp?essed. And the sai Billie J. Walker ,.~~~N~~~ll~j~ ~.,;{e or ~~a Wilbon E. Walker .-.y , ~ exam;nation by me faken separate and apart from her said h~us nd, acknowledged to and beiore me that stk exetuted said'I~it~ fielly a;f~~r"~~1- ; ~ar~ly aod without any compulsion, consnaint, appr s' , q~~ar of or f ssid husbsnd. J;,r 4•' U•~ g `-`s' August : WITNESS my hand aed official seal t' y of - Q' ~~1¢~!^•_, . ~ ~ . ~ . Q _ ~ . , • •+~i' Notary Public in arx! for the Sts1s 4f ~f •~Q ~ s My Comm~siwn expires: - .i' • - ' 2~ ~ Return To: ~ - ~ ~ ~ First Federsl Savings 3 loan Associat~o~ .~i ,:'Li:.SiJ?E~'~~~~t~ Of Forf Alerce. - i Port Pierce, Florida ~ ~~''J Et=+rES lAf~. , 1977 3 : r .a ;rn~e.~ ~ ~nkers Ic.wrance Co Ft?EO ~NO RE~ORDE~ ~ This Instrument Prepared By G ary F, E 11v~?ood ST. ~.UCIE COU TY Fl . t _ First Fede~al Savings 8~ Loan Association ROCE11 PO~tR~S ' ; of Fort Pierce , Rlorida CIERK CIRCt11T COUlIT , . RECORt1 VEC~FIEO 3 Checked B~f~_ 13 9 34 AM ' BOOK PAGf zsc,~9 262136 ~ - ; ~ ~ ~ I + ~ ~ 3 - ~,W ~ _ ~.~~~,~~.n . : _ r~_~.