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Home My WebLink About0475 3. To plece and continuously keep on the bu~:d~r~gs now a hereafter ~~~uate on sa~d lend ~nd on all equip~nent a~~d personalty co~ered by ~his mwtg- ~g~, with •11 premium~ Ihe~con {~,t~d in full, iue insurance En the vsual f~ande~d polity (orm, in • sum approved by the MORTGAGEE, and windstorm in~urancs in th~ usual •randard p~l~cy Iwm, in a sum approv~d by the MORTGAGEE, in such compa~y or canpanies ~M MORTGAGEE may dfrect; •nd •U ti~e and w~na~torm insuronce poGc;es o~ ~ny of ie~d 'ouild~ngs, any iMerei~ fherein or part thereof, in IM appreyate s~m •fwesaid or in ~~eces~ thereof, sM0 coma:n ths u~~al standard mw. tgage~ cl~use a ~uch o~her c~susa at ~M Matg~gta may requ~re, makinp ~he toss unda sa~d polM ci~i. each ~nd ~very, payab~e ~o said MORTGAGEE ~s ~~s in~e~eit may appear, and each a~d eve~y tvch po~icy ahatl be prompt:y ais.9~ed and delivered ~o •ny held by se~d MORTGAGEE as (ur~her iecur~ty ~o said owrtgage debt, and, no~ leu ~Mn ten (10) dayt in advance of t?+e expiratlon of eacn policy, ~o da fivK to taid Ml7RTGAGEE + renewal tFxrcof, tope~ht~ w~th • rec~ept iOt the pr~smium of suth rcnewal; a~d there ~hall be no f~re or windstor~n insurance pl~ced an any of said buildinfls, any interest therei~ q pa~t thereof, unlese in ths form and with IM loss {»yabf~ as siaesaid; and i~ the evenl any ~um of mon~y becomas payable under such policy u pol~ues iaid MORTGAGEE shall havs the option to reteive and apply tbe tame on accovnt of the indebted- neu sec-vred hereby w ro permit said M~RTGAGORS lo reteive and us~ it w any part thereo) fo~ ofhe~ pu~posrs, v.:lhout th=~c~~ wai~i,r3 0~ ~mpai~- ing ~ny eqvity, tien oi right under o~ by virtue of ~his mo:tgsge; •nd in ~M event said MORTGAGORS sF~all fw any reason fail to keep the said premisei so insured, or fail to deliver promptly ~ny of said policies oi insursnce to sa~d MORTGAGEE, o~ tail promptly to pay iully any pre~~~ium Iherefo~ or in a~y respect fail to periwm, d~scharge, ezecufe, efFed, cornpiete, comply with and ab~de by ~h~s covenant, or any par~ he~eof, said MORiGAGEE may place and pay fa such insurance w~ny pa~t lhereof wi~hout waiving a itfecti~g any oplion, litn, equ~ty, ot right u~der o~ by virtw oi Ihis Mortga9e, •nd the . , . . . . . . _ . . . . - - . ~::.,:,.::c a.a:, :~a-. pd~~.~c.1: >~rou i.d ..n...c.i~.iciy uvc ..w ~7u,4...6 .~.v i;w:: ...:~:u: 7...::. :..d ::.:a ::w...c.: ..c:. ....c nirK per cent~m pur annum and toge~her witl~ such interef~ shali be sacured by the lien of thif mortysge. To Fermit, commit or suffer ne waste, impairment w deteriwation of said property or any paA thereof. 5. To pay all and sirgutar the costs, charges and expenus, incl~ding a reasonable attaney's fee and costs of aMtracts of ti~ls, incurred or paid af any time by sa~d MORTGAGfE, Decause or in the event o( the fa~lure on the part oi the said MORTGAGOR ~o duly, promptly snd fully perform, dixharge. execute, effect, complete, comply w~th and ab:de by each and every the ~tipula~rons, agreen-xnts, conditions, and covenants oi sa~d promiswry note and thit mortgage ~ny or eithe~, and aa~d cotts, charges and e~epenses, cach snd every, shalt be immedistely due and payable; whether w not fhere be notice dr mand, attcmpt to co:Iect a iuit pend~ng; and the (~II amount of each and every such paymen~ shall bear interest from ~he date thereof uroil psid a~ the rate of nine per cent~m ~rr am~um; and a11 said costs, chargei and expenses incurred or paid, together w~~h such interest, thall be secured by the lien of this matpa9s. 6. That (s) in tlw3 event of any breach of this Mortgaye w dcfault on the part of the A10RTGAGOR, w(b) in the event ~oy of sa~d ~umt of money herein ?efe~red to-be-not P?omPtty and futty paid withm-thrrry {3v) dsys ne~ct after the same uveratty become dve end persble. wiriwvt demsnd or norice. or {t) in the evenl exh and every 11+e aliputatiom, agreemenn,-condi~iona and covenan~s of sard promisso?y note and ~h:s mwrgsge-ar+y w e»!~r sre rror- ~uly, promptly and (u~ly pe~f«med, d~schafgzd, ezecuted, effectcd, canpteted, compl~ed with and ab~ded Sy, then in either w any such event the said ag~ gregate sum menrioned in said promisswy note then rernaining unpaid, with interest accrued, and all moneys secured hereby, shall become dw and pay- able forthwith, o~ thereafter, at the option o4 said MORTGAGfE, as fully and comptete~y as i( all of the said sums oi monay were or~ginally stipuSated eo be pald on s~ch day, anything in sa~d prom~ssory note a in th~s Mwtgage to the com~ary not~nrithstandir?g; end thereupon or thereafter at the opt~on of said MORTGAGEE, without norice or demand, suit at law w in equity, theretwe or thereafter begun, may be prosecuted as if all moneys tecu~ed hereby nad matured pnor to its institution. 7. That in the event that at the beginn~ng of w at any time pe~d~ng any auit upon this Nbrtgage, a to faeclose if, u to reform it, or to enforce payment of eny claims Ix~eunde?, said MORTGAGEE shall apply to the Cour~ having jur~sdiction thereo( for the appointment of a Receiver, such Co~rt shall Forthwith appoint a receiver of sa~d mortgaged property all and sirgular, includ~ng all and si~qutar the income, prol~~s, iuues snd revenues from whatever source derived, each a~d every of which, it be~ng expressly undersrood, is hereby mortgaged as if spec~ficatly xt forth and desaibed in the granting and habcndum clauses F+ereof, and such Receiver shall hava ali tF+e broad and efiective funct.ons and powe~s in anywise entrusted by a Cou~t to a Receiver, and such appoi~tment shslt be made by auch Ceurt as an admifted equity and s matter of sbsolute rght to said MORTGAGEE, a~d wi~hout refercnce to the edeqvaty w inadequacy oi the valve of the p.operty mortgaged w to the sotveixy or insolvency of satd MORIGAGOR a the defendants, and that s~ch renrs, profib, income, issues and revenues shall be applied by such Receiver accord~ng to ~he lien w equity of ssid MORTGAGEE and the practice of such Court. 8: To duly, promptfy and-fuiiy"perform, d~scha.ge, execute, eiiect, compfete, compiy with snd abide by each and every the stipulations, agreemems, - conditions ~nd covensn~s in sa~d promissory note and this mortgsge set forth. 9. That in the event the ownership of the mortgaged premises, or any parf thereof, becomea vested in a person other than the MORTGAGOR, the h10RTGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deal with such successw or successw in interest with reference to this mortgage and the debt hereby secured in fhe same manner as wish Mortgagor without in any way vitiating w d~scharg~ng the Mortgagors' liability Fecro- under w upon Ihe debt hereby secured. No sale of the prem~ses hereby mortgaged and ~o forbearance on the part of the MORTGAGEE w it~ successo?s or assigns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successors w assegns, shall operate ro release, d~scharge, modify change or affcct the o.ig~nal liab~lity of the ARORTGAGOR herein, e~ther in whole or in part. 10. It is specifically agreed that time is o1 ihe essence af this contract and that no waiver of any obligation hereunder or of the obligation se- c~red hereby shalf at arry time thereafter be held to be s waiver of the terms hereof a of 1Fx inatrument secured herby. I1. In add~tion to the fwego:~g monthly payments of p.inc'pal and interest required by the promissory note sec~red hereby, mortgagor covenants and agrees to pay to :no:tgagee with each mamhly payr.~ent an add~rional sum est~ma~ed by mortgagee to be equal to 1; 12 of the annual cost of the fol(ow- ing: ' A-All real property taxes levied or assessed agai~at thc above desc.i~cd real estate. B-Prerr.du~rs on fire and windstwm insurarce as here~n requ:red to be carried on the ~mprovements situate on the above described ptemises. ~ ; C-P~em~vms on such mortgage guaranty inwra.:ce as mortgagee sha11 from t me to time deem fit to tarry on the loan secured hereby. ' Mortgagee shall frcm time to time notify mortgager in writing of the amount due and pavabfe hereunder and such sum shall thereupon be due and ; ; ayeble on the due date of rhe next mcnth;y paymeni and each successive monrh thereafter urti~ mortgegee shall notify murtgager of a change in such ! a^~o~nt. Such sums shad! be applied by mo~tgagee roward the payment cf real property taxes, insurance prem:vms, and mortgage gua~anty insurance rremiums. s IN WITNESS WHEREOF, the sa~d MORTGAGOR has hereunto set his ha~d and seal the day and ye st aforesaid. ! Signed, Sealed and delivered in the presence of: t al) & . aile • ~~,q i Qi1-i - Q_t. (Seaq ~ Carol n . Baile ~,p s ~ STATE OF FLORIDA ~ COUNTY OF SL . LLICl@ ~ ~ ~ ~ ~ Before me penonally appeared ~dy L. Bailey , a~ - ~ Carolyn A. ~lley his wife, to me wpH;~in'otvn ~Choyrn tb me to be ~ rhe individuals described in and who exccuted the fwegoing instrument, and acknowledged befwe me that they exedXjd,J}~,}amn~,~oi~,~Fie".purposes Carol A Baile ' ~ ' therein expressed. And fFx said Yn • Y ' Codv L. Bailey ~T~ r +v~fe of the said ~~p~f.~y~ePata ~ private ~ examinat;on by me taken separate and apart from her said husband, acknowledged to and before me that she executQ~ ~a~iqsbumenf/friefy ~d vofun- ~ rar~ly ard without any compu(sion, constraint, appreher.sion,,w~tear of u from her said husband. A U ~CIl~ da oF Au u st ~ ' ~ 'fi~-~ " ~J • ~ WITNESS my hand and official seal this ~ y D~19~~ ~ ? ~ •'r Q : ~ " %GC G ' Notary Public in and for t(iit~~ e•P~~~~wi~~ 3f,bsrge ~ My Commission expires: ~ ci Return To: ~~~~r~~~~~• • ` First Federal Savinqs 8 loan Association f Of fort P;e:ce. - - . ~ ~~r:~J - ' . . ~ . . 1977 s Fort Pier~e, Ftarida : f- ~ . . _ ~ 4= - This Instrument Pre ared B John W. Collins 2~2699 ~ P Y ~M First Federa) Savings 8~ loan Association fILEO txU RECORDE~ ~ of Fort Pierce~ Flotida ST.LUCL coUMTif fLA. " RGGE 4 Fs~1TRAS ~ CLEfi~C Gi::GU1T COURT Checked By RECO~~ VEt:~-;f~ Fr ~ eooK218 P~c~ 475 p~ 31 9 s~ AN'73 ~ ~ ~ ~ _ ~ _ _ - - - - - _ ~ - f ° v.._ . . _ , . ~ a~~