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Home My WebLink About0920 3. To piace and cominuously kec, on the bu~'d~ngs now or hereatrer s~~uate on sa~d land and on all equ~p~~ent and pe.sonally covered by ~his mortq- age, with eli premiums thercon pa~d in fuil, tire inwre ~ce in the uswl staiulmd po•.~ty form, in s aum appruved by the MORICaAGEE, and w~ndstorm insurance in the usual siandard pol.cy fo~m, in e wm app~o.ed by ~he MORiGAGEE, io such cornpany or co~npart~es es ths MORTGAGEE may direct; and all fire and w+ndstorm ins~~ance policies on any of soid bulld~ngs, any inrorea~ the~ein or parl thereol, in the •gg~egate su~n aforesaid or in excess ~he~eo/, shaU contain ~he uwal standerd morlgagee cleuse or such other dause as the Mortgagee may requ~re, making the tosi under sa~d po~i- c~es, each and every, paya~le to said A10RTGAGEE as ~ts inter~st may eppear, and each and every such pot~cy shatl be prompUy aas gned end delive«d ~o any held by sa~d MORTGAGEE as iunher security ro said mortgage debt, and, no~ leis than ten (101 days in aJva~xe of the expitation of eath polity, to dr Gver ro said MORiGAGEE a renewal ~hereof, ~ogetha~ with a reteipt for the prrm~um of such renewal; and ~here ahall be no f~re or windswrm inturance plated on any ol said build~n~s, any in~ertst therein or part thereof, unleas in the form snd w~th Ihe loss payable as aforesaid; and in the event any sum of money becomes payable under suth poGcy or poGcies said MORTGAGEE shaN have ~he opt~on to rece~ve ~nd apply the tame on accounl oi the indrbted- neas sewred hrreby o~ ro perm~l said MORTGAGORS to receive and ~se it or any pan thcrcof ~or oat,~r pw~ esrs, ~•~~~ho.,t ih=+~u~ or ~~„p..~~• ing any equ~ty. I~en w right unde~ a by virtue of this mo"gage; and in the eve~t sa:d MORTGAGORS shall for any ~eason fait to keep the said p~em~sa~ so insured, or (ail ro deliver p~ompNy any of said poGcies o) insura~ce to sa~d MORTGAGEE, w fail p:ompNy to pay 1u:ty any pre~n~wn thcrefor or in ~nY reapect fsil ~o per(um, dscharqe, executz, e(}ect, comp~ete, comply with and abide by this cove~ant, or any part hereoi, sa~d MGRii,AGEE may p~ace a~~d pay iw such ir.surance o~ any psrt thereof without waiv~ng w afletiing any option, lien, equ~ty, or nght under or by virtue oi this Mo~tgage, and the full amo~M of each and every s~ch paymeM shall be immediately due and payable and shall bear interest from the date thercoi until paid at the rate o) nine pe~ centum pet an~wn and toarthcr w~th s~th intcrest shall be sewred by the lien of this mortgage. 1. To permit, commit or suffer no waste, impairment or deteriorotion of said properly w any part thereof. 5. To pay all and singular the costs, cha~ges and exper~ses, including a reasonable attorney i(ee and costs of abstratts of title, incurred or paid at any time by said MORTGAGfE, because w in the event of the fa~lure on ~he par~ of ~he said MORTGAGOR ?a duly, promptly and fully perform, d~scharge. ~xecute, effed, comptete, comply with and ab,de by each and every the stipulanons. ayreements, conditions, and cove~ants of sa~d promissory note and thi• rr,o~rgage anY o? eiihe?, and sa~d coses, charges and expenses, each aod every, ahall be immediately due and payable; whether or ~ot fhere be nohce da rnand, attempt to collect or suit pend~ng; and the fuil amouM of each and every such payment shall bear interest from the date Ihereof until paid at the ,>re oi ~une per centum per annu:n; ond all sa~d cos~s, cnar9es and expenses iruurred w paid, togeiher w~~h such intereat, ahall be secured by the lien of th~~ murigage. 6. That (a) in the event of any breach of this Mortgage or default on the parf of the MORTGAGOR, w(b) in the event eny of said sums of money 6ercin ~eferred to be not prwnptly and fully paid within thuty (30} da~rs nexf after the same severally become due and payable, without demand or notice, or (c} in the evem each and every the stipuiatio~s, agreemerds, cor.ditions and covenants of sa.d promissory note aud th~s morlgage any or either are nol iuly, promptly and f~lly pe~formed, d~scharged, e:ecuted, effected, compteted, compl~ed with and ab~ded Sy, Ihen in either w any such event the sa~d ag gregate sum menrioned in said promissory nute then remaining unpa~d, with interest atuued, and aH moneys secured herrby, shall become due and pay able forthwirh, w~hereafter, at the opf~on of sa~d MORTGAGEE, as fully and completely as ii all of the sa~d sums of money were or~glnally st~pula~ed ro be pa~d on such day, anything in sa:d pro~n~ssory note or in this Mwtgaqe to the comrary non~vithstanding; and thereupon w thereafter a~ the op~~on of snid MORTGAGEE, without notice a demand, suit at law or in equity, therefore w thereafter begun, may be prosecuted as if all moneys secured hereby n~d maWred prior to ds insutution. 7. That in the event ~hat at the beginning of w at any time pending any su~t ~pon this Mortgage, o~ to fweclose it, or to retorm it, w to enforce paymem o! any claims he~eunder, said NIORTGAGEE shall epp~y to the Coun having ju~~sda~on thereoi for the appointmeM of a Receiver, such Court shall fo:thwi~h appo~M a receiver of said mortgeged property ail and singular, indud.ng aIl and s~r.gutar the income, prof~ts, issues and revenues from whateve? so~rce derived, each and every of wh:ch, it being expressly unders~ood, is F.ereby mortgaged as if spedfically set (o+th and dexribed in the g~anting and h~i>enJum dauses hereof, and such Receiver shall have all the broad ar.d effecnve fur.ct:ons and powers in anyw~se entr~sted by a Court to a Receiver, and :~ch appointmem shatt be madr by such Court as an admitt~d equity and a maner of absolute righ~ ro said MORTGAGEE, and without reterence to the ndequacy a inadequacy oi the value of the proper~y mortgaged or to ~he so:vency o~ msotvency of sa~d MORiGAGOR or the defendants, and that such renrs, proiits, income, issues and revenues shaU be appl~ed by such Recr~ve~ accord~ng to the lien or equiry ol sa;d MORiGAGEE and the practice of such Cuurt. 8. To dufy, prompNy and fully perform, d~scharge, exec~te, effect, comp(ete, comply w~~h and abide by each and every the stiputations, agreements, cor.ditions a~d covenants ~n sa~d promissory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vested in s person othe? than the MORTGAGOR, the :'.~RTGAGEE, its successors and assigns, may, without notice to the A'10RTGA~R, deal with such successor or s~tcessor in interest wifh re(erence to this ~ or~gage and the debt hereby secured in the same manner as wi~h ~Aortyagor without in any way vitEat:ng or d~xharg~ng the Mortgagors' IiabJity here- under w upon the debt hereby secured. No sa;e of the pre~nises hereby mongaged and no forbearance on the part of the MORTGAGEE or its .successora o~ ass~gns and no extension of. ~he t~me ~or the payn,ent of the debr h~reby sec~red given by the MORTGAGEE or its successora or au~gns, shall operate ?o re!eaie, discharge, modify change or affect the original Iiao~Gty of fhe MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of th~e eisence of th~s contract and that no waiver of any obligat~on hereunder or of the obligation sr cured hereby shail at any time ~hereafter be hefd to be a waiver of the terms hereof or of the instrument secured herby. 11. In add.tio~ to tF+e forego:ng month!y payments of princ'pal and inrerest ~equ~red by the prorn~sscry no!e secured hereby, mortgagor covenants d agrees to pay to mo: tgagee with each month~y pay~ ~ent an add~rional sum est~mared by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ,y: A-AII reaI Nrope•ty taxes ?e~ned or assessed aga~•~st the aFove descr~b~d real estate. i B-Prem~ums on fre and ~ev~ndstorm ~nwrance as here~n requ~red to be car:icd on the lmprovements situate on the above described premises. i C-Premiun,s on such mortgage guaranty ir.swar,ce as mongagee. shall from time to time deem fit to carry on the loan secured hereby. ~ Mortgagee shali from time to hme norify mortgogor i~ writing of the an.ou~t d~e and payabte hereunder and such Surn shall thcreupon F>e due and ~ ,.~yable on the due aare of the neat monthiy payment and each successive month therealter ur.iil mortgagee shall notify mortgagor of a thange in such ±-"OU~1T. SUCf1 sums sha:l be app~ied by mortga~ee toxard ihe payment of rea! property taxes, insurance prem:~ms, and mortgage g~aranty insurance emiumi_ e IN V?ITfJE55 '1tiNEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first a4oresaid. + $i ned, Sealed and delivered in the resence of: /yc~ ~f ~ 9 P ~~Gti1i. : • t a ~ - - s~ n ~ Vict r L. Ma.rtin ~aq ~ ~ ' ~ : f o_ ~l~ ~~~1 • ~ (Seaq ~ Helen M. Martin ~~ai~ ; E- - - ~ ~ S ~ ATE OF iIORIDA ST. WCIE ~ ~ ~ COUNTY OF _ ~ ViCtor L. Mdztin a~d ~ Before me personally appeared _ ~ Helen M. Martin his wife, to me well known and known to rtx fo be the individuals described in and who executed tF~e foregoing instrument, and acknowledged before me that they executed the same for the purposes tF~rein expresscd. And the said Helen M. Martin t _ r,:fe of the said _ ViCtO= l.. Martin , upon e separate and privste ~ eram~nat~on by me;taktp stparnte and apart from her said husband, acknowledged to and before me that she executed said instrument freely and votun- n~s rar~ly and wAboti~ orrfpvlsion, constraint, apprehem~on, or f r of or from her wid husoand. ~ , Z'11~I~fi~; August 73 ~ WIT~q~ES3.rq hpid ~1t9~pN~~1 seal this__ day of_ A. D. 19 ~ ~ ~ ~ ~ ` O ~ , _ ~i~ . .r ; i. y ~ . l~ Qv~ ~r ~ Nolary Public in end for the Stat Fbrida at large :o ~ • My Comm~ssion expires: y : ; . , ~iteru~n qo: • = C r %3 F~t:3f~fir~1 3d4ingg ~Lo+n Aisuciation ' : . ~ ~ . ' ~ c7 PfgF~%t~~P,er~.-_' = Notary ?ublic. Stot~ of florida ol Ltag~ i~Sf~iprt Pierce.`Fje~ridd'-` My Commission Eap~r~s Ocf. 30, 197b _ ~ . ~ tondtd by Amencor. Firo 8 i.asuolty CO. _ ~i..'~t•.71ti11:1: This instrument Prepa~ed ByJ. Hal Roberts, Jr . F)lEC AND RECORQEO - First Federal Savings & Loan Association 8T. LUCIE COUNTr FLA. of Fort Piercq Florida ROCER FOtTRAE CLERK CiRCUIT COURT ~ ~ ~ Checked By IIECORD vER~: ~f d Oct 3 3 ss PH'73 " eaeK~~.~ ~acc 2E~5U#ib r:~ . - - . R Ja _ y"`^L » , _ . . _ . ' _ ~ ~.-.~SL