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Home My WebLink About2397 3. To place and cont~rwous~y keep on tt~e bu+'.d~ngs noN o~ hereaiter s'<wate on sa~d land and on al~ eq,,y:m~n~ a~:d penonally tovered by thif mortg- ~gs, with ell premi~:ne ih~•reon pa;d ~n full, fre insvrence in tne ~s~~l iro~~erd ~~~cy form, in a swn a~.p~~~cd by thr 61GR~~:.vEE, ard w~~ds~~~~n insurance in Ihe uwal ~!andard pot.cy to~m, in a evm appwved by the MORSGAGEE, in suth tompany or companies as the h'ORIGAGEE rnay duect; a~d aU (ire and w~ndatorm ins~ronce pol~c~es on any oF sa~d build,ngs, any interes~ therein or pa~t thereof, in the a99~eya~e su~n aferesaid or in ezcess Ihereof, shall conra~n ihe ~sual s~a~~Jard mo~~g~gee clause o~ such oiher clauss ai Ihe Mortyayee may req~~re, maAing the toss ~ncie~ sa~d po~i- cies, each and every, payabte ro said h~JRTGAGEE as ~it m~acst rnay appear, and each and every wcA y~~:cy shall t~e promprty assg~ud a~:d da~~v~•red to arty held by sa~d MORiGAGEE +~s (urther security ~o said ~~:ongage debt, and, no? leas than ten (10) days in advance o! the exp~~at~on ol eoch pol~c~r, ta de- live~ to ~aid MORiGAGEE a~enewal tF.ereof, together with a rate~pt for the prrm~um oi such renewal; and ihere ah3ll be no Lre o~ w~~~dsio~~n ins~rence placed on any oF sa~d buildings, any interest thrrc~n a part ~hrreof, untesa in the form and with the loss payeb:e as elo~esa~d; and in the e~ent any sum ol money becomes Fayable under such policy a pol~c.es said MORTGAGEE shait have the oprion to rece~ve and apN!y the same o~ account of ~he indrbt~d- ^:SS 3@:_•^•1 Ao.~yr ~n _.+...,u~ uia MC1Qi(:4CnR$ tn re(Five and uie it M anv p~rt tha~r~0{ ~Gr Of~~•_~ 4u~{~OSrS. :..ih~.,•~: th:•~ vr ~^~.p.~~•. i~g any eq~ity, lien or righl undrr w by ~~~tue of this mor!yage; and in the event sa d MORTG~GOR$ shail for any reasun {ail to kecp fhc sa~d prern~sas so insured, or fai! to de~~ver pranptly any of said polKies of insurance to sa~d lV50RiGAGEE, or fai; pron~ptly to F~ay 4u~~y any p~r~~~~wn the~efor or ~n anY respeU fail to {xrform, d~scharge, eaecute, elfect, ca~~pleta. comply with and abide by this cove~ant, or any part hereof, s~~d MuR(GAGEE may p~ace a~~o pay (or s~ch insur~oce or any part thcreof w~~hwt waivi~~g or affeUing any op~~on, lien, eqwty, or riyht under o~ by vi~tue of this hlorrgaye, and thc full amouM of each a~d every such payment shall ~e ~mmed~ately due and payabte and sha!1 bear ime~est from tha dete thereof u~~til paid at the rate ol nine per cantum per annum and to3rth~•r w~th s~th inter~~st shali bc srcured by the lien of this mottgage. 4. To~ermit, commit or sui(er no waste, impairment or deterioration of sa~d property w any par/ the~eof. 5. To pay all and singular the costs, charges and eapenses, indud~ng a reasonable attwney's fee and costs of absrracts oi tit(e, incurred or paid at any !ime by sa~d MORTGAG'.E, oecause ~x in the evc~t oi tFx fa~lure on the par~ of the said MORTGAGOR to duty, pro~nptly and fully pc~form, dncharge. execute, effect, compSete, comply wrth and ab,de by rach and every the supulaf~ons, agreements, conditions, and covenants of said promissory note and ~h~s mwtga9e any or either, a~~d sa~d costs, charqes and eapenses, each and every, shatl be immediately due and payable; whe~her or not there be notice da mand, attempt lo cotlect o? suit pend~ng; and ~he full a~nount of each and every svch paymen~ shall bea~ interest from the dare thereof until pa~d at the rate of nine µer czntum ~r annu:n; and aI! aaid costs, cha~ge: and exLCOSes incurred a paid, togethe~ w~th wch interrst, shall be secured by ~he lien of th~s mortgage. 6. That (a) in the event of any breach of this Mortgage or default on tha part of the MORTG~GOR, or (b) in the event any of w~d sums of money herein referred to be not promptly and futly paid w~thin th~rty (30) days next aire~ the same severa~ly become due and payable, withouf demand or norice. or (c) in the event each aod every the stipu:ationi, a3reernents. conditions and covenanrs of sa:d promissory note and th.s mortgage aoy or e~ther are no1 ~uly, promptly and fuliy perfo.med, d.scharged, eaecuted, effected, compteted, compl;ed wi~h and ab~ded 5y, then in eeher w any such event the sa.d ag~ e...:~ ~ ...e.,.:.,..o.+ :~~:~i M~. iF,..n remsinina unna~d. with interest accr~ed, and aIl moneys setured hereby, shall become due and pay ab~e for!hwith, or therea4ter, at~ the op!~on of seid MORTGAGEE, as fully ar~ completely as ii all of ~he said wms of money were onginatty snpu:ated to be pa~d on such day, anything in sa:d prom;ssery note or in ~his hlortgage ~o the co~rrary notx~thstand~ng; and ihereupon or thzreaSter at the op~~on of said MORT~AGEE, without notice o~ drmand, suit at ~aw a in equity, therefore or thereairer begun, may be prosecuted as if all moneys secured hereby hed matured pnor lo Its instit~tion_ 7. That in the event that at the beyinning of or at any time pending any wit upon ihes Mortgage, or to foreclose it, or to reiorm it, or to enfor~e payment of any claims hereundrr, said MORTGAGEE sha:l apply ro the Court hav~ng ~ur~sd~ction 'hereof for ~he appo~ntment of a Receiver, such Cou+t shail Forthwith appoiM a receiver of said morrgaged propert7 a'I and singular, includmg all and s~ngvlar Ihe inco~ne, prof~ts, issues and reven~es from w~otever ~ source denved, each and every of whSch, it being expressty understood, is hereby morrgaged as ~t speuficalty set iorth and described in the granring and habendum clauses hereof, and such Receiver shati have aIl the broad and effett~ve funcr,or.s and po.ve» in anyw~se entruited by a Co~rt to a Receever, a::d s~ch appo+ntment shalt bc made by svch Co~rt as an adm;ttcd equity and a matrer of absotute nght ro said MORiGAGEE, and without refere~xe to the adeq~acy or inadeqvacy of th~ value of the p:operty mo~tgaged or to the so~vency or msotvency of said MOR7GAGOR or the defendants, and that such rents, proi~rs, income, issues ard revenues shall be appiied by such Receiver ac~ord~ng to the lien or equity of said MORTGAGEE and the pract~ce of such Court. B. To duly, p~omptly and fulty perform, discharge, execute, ei(ect, complere, campiy w~~h and abide by each and every the stipuiations, agreements, conditions and covenams ~n sa~d promissory ~o!e and this mortgage set forth. 9_ That i~ the event rhe ow~ersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and asvgns, may, w;rh~t no~~ce to the tdORTGAOR, deai with such successor or successor ~n interest with reference to this mwtgage a~d the daot hereby secured in tne same manner as with ldo~t~agor w~thout in any way vit:ating or d~scharg~ng the Mortgagors' tiability here- under or upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no fo~bearance on the par~ of the /~10RTGAGEE or its svccessors or assigns and no eztens+on ot the time for the payment of rhe debt h~reby secured given by the MORTGAGEE or its successws or assigns, a~~all operate fo release, d~scharge, modify change or affect the orig+nal liauiliry of the MURTGAGOR herein, either in whole o~ in part_ 10. It is speGfically agreed that time ~s of the esser,ce of this contract and that no waiver of any obGgat~on hereunder or of the obligation se- tured hereby sha~: at any time rhereafter be heid to be a wa~ver of the terms hereof rir of the instrument secured herby. l l. !n ~dd.t:on to the forego ng rnontli'y payments of p+inc pal and inrerest required by the p~om'ssory ~o!e secured hereb~, mortgagor covenants and ag:ees to pay to m.ortgagee v~rth each n~unrh~y pa~nrent an add~rionai sum est~n,ated by moctgagee to be equai to 1; 12 of the annual cost of the follow- ing: A-All real p~operty taaes levic~ or asse~sed ag.~i~~st thc aEove dezc~ibcd reat estate. B- Prem~u~ns on fue and w~ndstor~n ~nsura~cr as here~n req~:red to be carricd on the improveme~is s~tifate on the above dcsu~bed premises. C-PremiwT~s on sucn mortg_;ge g~a~arty ir.surar,ce as mortgagee shall from t~me to time deem fit to ca~ry o~ the loan secured hrreey_ Mortgagee sha~l f.cm ti~r.e to tin;e nctify mcrtyago~ in •~riting of the dTOJ~I} due and payab:e hereunder and such surn shall thereupon be due ar.d payable on the d~e date of the next month!~ payment and each successive month therzaftmr ur,til mortgagee shafl not~fy mortyagor oi a change in such amount. Such wms sfa'! bc a~plird by mortgag~e to~nard the pajment of real property taxes, insurance p~em.ums, a.id n:ortgage guaranty insuren:e premi~ms. IN YlITNE55 '1:HEREOF, the sa~ MORTGAGOR has hercunto set h~s hand and seal the day and yea~ first aforesaid_ ,~iyn~ , Sea~ed ar.d df liveypd the,presence of: / /-~L~1-~^f+'~" ~ - C.~. ' ' c L v l/~ -tio.Q.~--- (seao , . William H. Ni er ~~a~~ ~ lSeap @ h 1 Z (Seal) SiATE Of FLORIDA 1 ~ } SS. COUNiY OF ~1 ) r' ~ k-' 1L11 I Befare me personally appeared Willia m H. N1p~I and .lOyICC NiFper his w~fe, to me well known and known to me to be the individuats described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. Artd the said Joyee Nipper wife of the :a~a _ William Nipper ~ upon a separate and private e:aminat~on by me taken separate and apart from her said husband, ackrwwledged to and befo~e me that s1~e ezetuted w~d instrument freely and voSun- tarity a~d w~thout any compulsian, constraint, apprehens~on, w fear of w fram her said hydSand~ WITNESS my hand and offic~al seal this-_ day or October A. D. 19 73 i . ftlED ~K: +'•E~OaJEO ST.II~Vi,; ;,OUMTT F~A. Nora.y P~bi~c in and for the Stefe of Fbrida at large ctu~f , ':~~'R,~s My Commission expires: ~ Retum 10: CI~Rr C~::::t'I? C4liRT F~nt Federal Sav~ngs ~ loan Assoc~at~on n£~1~ 1'~ :°'f '~0.~.~....... NOTARY PUHLIC S t,a7k Of fLOF.IDA AT IARGt OF iort Pe~ce. ~ Mr COMr:::'»tCti ~ !.°.:;Y 22. 1975 forT P~rrte. Ficr,da ~NE~~ ~ti$lii~i.i:~. IIR;it!=:~•,•.2j:~f?S. liiC Nor 9 4 os PH'73 : iZ~i ,~~J ) ~'~1 r . , ~ . This Instrument Prepared By John W. Collins ` First Federal Savings 8 Loan Association . a,.•` of Fort Pierce, Florida ~ ~ ° . ' . • . , . - Checked By . , $e~~c,~T~i! ~~GE~\~~ ~ ~ - _ . _ . ~