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Home My WebLink About1485 3. To place and contln~ously keep on the buitd~~~ge now or hereafte~ s~rua~e on said land and on all equipment and pe.sonally covered by this matg~ sy~, with ~II p~em~ums thereon pa~d in full, fire insvrance ~n ~he usual srenderd policy form, in a sum a~pioved by ths MORTGAGEE, and windarorm insurance in IM ueual ~~sndard pol~cy tpm, in • sum approved by the N10RTGAGEE, in s~ch company o~ companies es ~he MORTGAGEE may di~ect; ~nd all fir~ ~nd wind~torm insuronce policies on any of taid b~ild~np~, any intarest ~herei~ w part ~hereoL in th~ aggrega~e ium afwetaid w in ~xcess ~htrwf, ihall contain tM uiual standa~d mor~gage~ clauss a ~uch o~he~ clauss a~ th~ AAatyagee m~y requ~re, makinp the loss unde~ sa~d poti- ciss, e~ch end every, payable to said MORTGAGEE •s its intcresl may appear, and each and eve?y ~uch pol~cy shall be promptly su gned and de~ive~ed ~o ~ny heW by wid MORfGAGEE as fur~her ~aurity to uid matgaga debt, and, no~ leu than ~e~ (10) dayt in advance of the expiraHon of each policy, to da livt~ /o isid MORTGAGfE • renewal the~wf, lo9e~he~ with a reteipt fw the premivm ol suth renewal; end Ihere ~hall be no I~re or winds~orm insurance placed on ~ny of iaid buildings, •ny intrrett thsrein w part thercof, unleu in tFw form and with the tou p~yable a~ afwesaid; artd in the event any ium of money becomss payable unde~ such policy w polKiei seid MORTGAGEE sh~ll Mve the option ~o receive and spply the tame on accovnt of the indebted- ness secured he~eby w ro pe~mi~ sa~d MORTGAGORS ~o receive and us~ it or any pa~t thereof for o~her pwposes. ~vitl»~t tharru~ wai:f~,g o~ ~mpai.- inp any equ~ty, lien a right unde~ o~ by virtus of th:s mort~age; and in ths event said MORTGAGORS shall for any reason (ail to keep the aaid prem~arf so ins~red, or fail to deliver promptly ~~y o1 said policies of insuronce to said MORTGAGEE, or fail promp~ly to pay fully any pre~nium th~~elor or in a~y retptct Ea#1 to ~rEorm, df::hergs, r~ecv±e. s!~rs~, co.^~F!t!'. ceTp!Y vrerh ared ebids ~y th~a :ow~ant, a~ ±ny M.~i, a~~d MOQIC,AGEE may place a~.d pay (a such insurance o~ ~ny part thereof without waiving or ~ffetti~p any option, lien, equity, or righ~ ~nder a b~/ virtue of this Mwtyage, ~~d tht full amount of each and e~ery such payment shafl be immediately due and payable ~nd shall bear interes~ from Ibe dats ~hereof until paid at the rate ol ni~ per centum per annum and to~e~her with such i~terea~ shalf be secured by the lien ot this mortgage. 1. To permit, tommit ot sufftr no waste, Impairment or dete~io?atiw~ of said property or any pa?t thereof. 5. To pay all ~nd sinpula~ the costs, charges and expenses, includinq a reasonab!e attorney's fee and cost~ of abstrects of tille, inc~rred o~ paid a~ any time by said MORTGAGfE, beca~se a in Ihe event oi the fa~lure on the part of the said MORTGAGOR to duly, p~ompNy snd fully perfwm, d~uhargs, execute, effect, camplete, comply w~th and ab~de by exh and every the stipvlst~ons, sgreements, condiiiont, and covenants of said promissory note and thii mwtgape ~ny p e~~he~, snd sa~d coses, charges and expenies, each and every, sMll be immediately due and payabk; whether w not there be no~~ce de mand, attempt fo cotlect or suit pending; arx! the full amount oi each and every such payment shall bea? i~terest from Ihe date thereof until paid the rate of nine per cent~m per annum; and all said costs, charges and expenses incurred a paid, together w~th such intcrest, sMll be sKured by the lien of th~s morty~gs. 6. That (a) in the event of any breach of thi~ Mortgage o~ default on ~he part of the MORTGAGOR, or (b) in the event any of ss~d tvms of money he+ein referred to be not promptly and fufly paid within 1h~rty (30) days next afte~ the same uverafly become due and payable, wi~hout demand or notice, or (cj in the event each end every 1fie atipulations, agreements, cond'+tions and covanants of sa:d promiuory note and th~s mortpage any or e~ther are not iuly. prompNy snd ivlly performed, d~xh:rged. s:ecvtad, effected, compteted, compl~ed with and abided by. thsn ir+ fither w any wch evem the sa~d aQ ata s:::s: mzn:i:.~z3 ir. ta:d ~:s;o: • - t'~Ka :E. ;;a-a:~. ;;.:sh - -.a;t - - ed a:.3 - s:cd h- s!:s!! ~a......~ ~'~~t ..r.~ s a'~3 'v~~^ r ~3 N F~ able fwthwith, or thereafter, at the optan of said MORTGAGEE, as fully and ~complctety as if all of ,the sa~d sums of ~money were a~ginally sripulated to be pa~d on such day, anything in sa:d promissory note or in this Matgage to the contrary notwithsranding; and ~hereupon or therea1te~ at the opt~on of ;a€d ~ORTGAGE~, wirt-,aut n~rice ar de~ ar:~, suis at ~aw cv in eq~ity, tF.ere€are ar tt~reaf~er .y-~7~~, rray ~ Fres:.cs:e~ as if a1! r3~y~s se:vred h.~~r-~i had matured prwr ro its institution. 7. Thaf in tF~e event that at the beginning of or at any time pending any suit upon thi: Mortgage, w to fweclox it, or to refwm it, or to enfores payment of any claims hereunder, uid MORTGAGEE shall apply to the Court having jur~sd~c~ion thereof fw the appo~nfinem of a Receiver, such Court shall fwthwith appoint a receiver of said mwtgaged property all and siryular, includ~ng all and tingular the irt~ome, profits, issues and' revenues from whatever source dcrived, each and every of wh;ch, if be~ng expressly unders~ood, is hereby mor~gaged as if spec~fically set forth and described in the granring and habendum clavses hereof, and such Receive: shall have all the broad and efiective funct~ons and powers in anyw~se entrusfed by a Court to a Receiver, and such appointment shali be made by such Court as an admiited equity and a matter oi absolute righl to said MORTGAGEE, and wiihout refererxe to the adequaq or inadequacy of the vatue of the property mortgaged a~ to the sotvency or insoivency o( ssid MORTGAGOR o. the defer~dants, and rhat such rents, profits, intome, iuues and revenues shall be applied by such Reteiver according to fhe lien w equity of said MORTGAGEE and the practice of such Court. 8. To dvly, promptly and fully perform, discharge, execute, effect, mmplete, comply w;th ar.d abida by each and every the stipu:ationz, agreements, conditions and covenants in sa~d pramissory rwte and this mwtgage ut f«th_ 9. Th~t in the event tF~e ow~ership of the morlgaqed premises, or any part thereof, becomes vesfed in a person other than the MORTGAGOR, fhe MORT('iAGEE, iri successors and auigns, may, withovt notice to the h10RTGAOR, deal with such successor w successw in interest with refere~ce to this _ mo~~gsge and the debt hereby secured i~ the same manner as with Mo~tgagor w~fhou~ in any way vitiating o~ d~xha~g~ng the Mortgagori liability hcrr ~ under o~ upon the debt hereby secured. No ssle of the premixs hereby morlgaged and no iwbearance on the part of the MORTGAGEE w its successws w ass~gns and no extension of the time fw the payment of the debt hereby securcd given by the MORTGAGEE or i~s successors or ass~gns, ahall operate to releax, discharge, modify change w affect the original liab~lity of the MORTGAGOR herein, either in whole a in part_ 10. It is spec+fically agreed that time is oi the essence of this contract and that no waiver of any oblegation hereunder w of the oblgation st cured heraby shail at any time thereafter be held to bc a waiver of the terms he~eof er of the instrument secured herby. 11. In add:~ion to the fwego:ng ~nonthly payments of princ'pal and inte~est required by the prom:swry nore secured hereby, mortgagor covenants and agrees to pay fo mortgagee with each monrhty payment an add~iional sum estimated by mortgagee to be equal to 1;`12 of the annual cost of the follow- ing: , A-AII real property taxrs levied or assessed agai~st the above described real estate. B-Premiums on fire and windsiw~n insurance as herein requ;red to be carried on the im~roveme~ts situate on the above d:scribed premises. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from t~me to time deem fit to carry o~ the loan secured hereby. Mwtgagee shall from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and payab7e on the due date of the neat month:~ paymeN and each wccessive month thereafter ur.til mortgagee shalt notify mortgagor of a change in such I, amount. Such sums shail be app~ied by mortga3ee toward the payment of rea~ property taxes, insurance prem:vms, and mortgage guaranty insurance i premiurttf. ~ - - - - - - - - - - - - ~ IN WITNE55 WHEREOF, the wid AdURTGAGOR has hereunto set his hand and sea~ the dey and yc r fint aioreui . ~yned, Sealed ~nd det' ered in the prexrxe of: ~ ~C.L~c N ` ~O./Vt.v.~ ~a~ _ Willia~ A. Morris ~ a s inal~.,p • adult r~~ - ~Seal) STATE OF FLORIDA ~ COUNTY OF $t. j'UCie ~ Before rrK personally appeared W lllls'!~ A. MOZ I1S . a S ~If ~e dd171't ~~~~~-~~~~~~~~~~~~~~~~-~-~~~~~~~~~~-~~~~~~~~~~~~~~-~~~~fil~~Afl! to me well known and known to me fo be the individval descr~bed in and who executed the foregoing instrument, and acknowledged before me that he executed the same fw the purposes rherein expressed. Md-tl~e-s~~ ,nwf~ ~i-thr ~aid~ ~ ~ ~ _ ~ ~ ~ ~ ~ ~ ~ _ ~ ~ ~ _ ~ ~ _ ~ _ _ _ _ ~ ~ ~ _ _ _ _ , ~Rwi..a~sop~ak~d pr"wat~ ~ ~~es+ninafierr by-iwe~ teke~+ yeperetv and-aperF fra+r I+er ~ai~•fwwbs~dr sciir~ewiedge~ te ~w~beforrn~ tiuf ihie-ew~crt~d-s~iJ ~n~tww»rw ~iwi~r anJ r~lw~- ~ ~arilqrwd~wi~MW~w~r~ru~si~iA~,~nslra:nA-e~eM~n~i~r~fear-o~~r-iawr ~a+d~iwa~anJ. WITNESS my hsnd and official seal thi - day A. 0. 19 73 ~ ! . • ~ ~ _P.ubiic -in_and.faa_ ~ - ----------~Y ~ My Commiuion expires: ' ~ ' ~ ~ i = Retum To: ~ ` ~ first Federal Savings d~ loan Association ~ Of Fort P[erce. ' ~ t'^_TD.RY IL. ~SA.TE ;i~ ]t 11,'1 e ri ~ fort P~erce. Florida ` , r~ F.,: ''•.t~ 1. r' •~Q . ~ !RY Cti`,_lt_ ,I~.~ . . ~ ,.s.~• • F , t ~ ' • 'i . ~ ~ . ' ~~~~R};~' % ~ ~ This Instrument Prepared By Gazy R. Bllwood ~ " ~ ~ First Federal Savings 8~ Loan Associaiion F~~E~ Af10 RECORDEO :,-„m;~ p G~,~ ~ St. lUC1E COUMtY f lA. ~ - : ~ - p ~ - 3 ~ of Fort Pierce Rlozida ROCE~ ~~~ja~S ~ = ~ ~~11~(„~6.: ~ : _ ~ ~ Clf RK C ~CUIT COURT x: , • ~ s ~ Chetked By RFCOPO VERIFtEO w...• • A~~'~a`~ : ~ 9 44 AM'13 :b . _ : - ~ ~I1 ~ 2s338~ o ~ ^ ~ ~~Q ~ EOr,~.,, v ~A!'~ ~ ~ ~ ~ _ . . , ~ ~ e~ ~`~..>-'~_~`~~,t - z _u,~S~~ ~~x~