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Home My WebLink About0730 To place and continuously keep on ihe bui'd~ngs novs w-t,eieahe~ ~~tuate on sa:d tand and on al{ equipmero and panonally cove~ed by lhis mong- s9~, wilh all premiumf ihereon pa~d in lull, tire insurance in the uswl s~a~xlard poGq form, in a sum approved by thr MOR~uAGEE, a~.d .vinda~o~m insur~nce in the uiual standard po:~cy lor~n, in a~um approved by ?he MORTGAGEE, in such canpany o~ cumpan~es o~ the MORiGAGEE may diretlj and all fire +nd wmds~orm insurance poticirs on ony of sa~d bui~d~ngt. +ny inlere~t 1Mrcin or par~ thereof, in the agg~egate su~~ atoresaid or (n excess lhereof, thall conlsin 1he uwat s~andard ma~gagee clause w such other claus~ as 1he Matgagee nwy requ~re, maMing ti~e bss undrr sa~d po~i- cies, each and eve~y, payable to said MORIGAGEE as ~ts interrs~ may appear, and each and every such poticy eha~l be prorrpUy asa gnrd and de~~.•er,ed ~o •ny held by said 1dORIGAGEE ~s furthe~ seturity to ~aid morlgage debt, and, not less lhan ten (10) days i~ advance ol ~he expi~at~on o1 each pot~cy, to da liver to ~aid MORTGAGEE a rrnewal thereof, ~oge~her with a ~eceipt fo~ ?he pramium of such rene+val; and there shall be no f~re or w~~~ds~o~~n insurance plxed on sny of said buildings, any interesl therein a p~?- ~hettQ, ~~~ess in th~ torm and with the toss psyabk as aforesa~d; s~+d in the e~en! any ~um of money becomes payabte under such policy w poGc+es iald MORTGAGEE ihall have ~he opt~on to rece~ve and apply the sa~ne oo eccount of tAe indeb~Cd- nesf secured hereby or ro permit said MORTGAGOR$ lo receiva snd use it w any part thercof for otncr purF~osrs, .v~~hout ih_nor ~•y~~+~~~3 ~r ~"'pd1- ing any equ~ty, lien or right under or by virtue of ~his mo:tgage; ~nd in the evc~~t sa:d MORTGAGORS shall for any reaaon fail to kecp ~he sa~d p~emisrs so insured, or lail to deliver promptly a~y of said pol~cies of i~suranta to said MORTGAGEE, o~ fail pron:ptly to pay fully any p:e~n~um therefor w in a~y ~esoect fail b oarfo.m. discharoe, execute, e~fect, tomplete, comply with and abids by Ihis tovenan~, a any par~ hereoF, said MGRiGAGEE n+sy place and a(ot s.xh insurante w an rt thercof without waivi or affecti. an o tion, Iien, urt or r~ nt unom or oy vi~~ue ~~•~'s ~•~..++ys~ia• p Y Y Pa ~9 ~9 Y P ~Q ri 9 full amount of each and every such payment shall be imrnediatefy due and payabte and shall bear interest from tho daee thereof u~til pa~d at the ra~e oi ti n7ns pe~ centum pe~ annum and togrtlx~ wiih such interest shail be secured by the lien of this mortgaga 1. To permit, tommit or suf(er no waste, impairment w deterio~ation of said property w any pa~1 lhereof• 5. To pay all and singvlsr the costa, charges and expenses, ~nctuding s reasonable attuney's fee and costs of abstracts of GNe, ~~cuned or pa~d at any time by said MORTGAGEE, betauu w in the event of the failure on ~he p.tirt of the said MORTGAGOR fo duly, p~omptlY and fu~ly perForm, d~xhar9e. execute, effect, complete, comply w~th and ab~de by each and every the sripvlat~ons, agreemeros, conditions, and covenants of sa~d prom~sso~y note and ihi~ mwtgage any or e~~her, and said costs, chargcs and ezpenses, each and every, shall ba immediately due and payable; whether w not there be no~ice da mand, atlempt to co?led or suie pe~d~ng; and the ful) amount of each and e~ery such paymenl shall bea. inte~cst from the dafe thereof un~il paid a1 1he rare oi nine per cantum per an~~um; and all said costs, cMrges and expenses ititurred w paid, together w~th auch inferest, shall be secured by the I~en of thi~ mortgaqe. b. Tha~ (a) in the event of any breach of this Mwtgage or default on the part of the MORTGAGOR, or (b) in the event any of sald sums of money hrrein referred to be not p~omp~ly and fully paid within thirty (30) days nezt afte? the same severalty become due a~d payable. without dema~d or notice, or (c) in the cvent each and every the stiputations, agreements, condrtio~+s aod covenants of sa.d promissory note and th~s mortgage any or e~ther are not iuly, promptly arx! fully perfwmed, d:scharged, executed, effected, canpleted, complied w~fh and abided Sy, then in e~ther a any such event ~he sa~d ag gregate sum mentioned in said promiasuy note then ~emaining unpaid, with interest a:crued, and all moneys secured hereby, shall become due and pay- able Forthwith, w thereafter, at the oprion of said MORTGAGEE, as fully and completetY as if all of the said suma of money were w~ginally st~putated to be paid on such day, anything in sa:d promisswy note or in this Mortgage to the con~rary notwithstanding; and thereupon or thereafter at tht op~~w+ of said MORTGAGEE, wiihout nor~ce o. demand, suit at law or en equity, tiwre(o~e or thereaiier begun, may be prosecuted as if all moneys secured hereby nad maturcd pnor to ~ts ins~itunon_ 7. That in the event that at the beginning of a at any time pe~+ding any suit upon this Mortgage, or to foreclose it, or to refo~m it, or to enforce payment of any claims he~eunder, said MORTGAGEE shatl apply to Ihe Court having jurisdiction ihe.eof ta the appointme~t of a Receiver, such Court shail forthwith appoint a recerver of said mortgaged property atl and singular, intlud~ne d« and singular the income, prof~ts, iss~es and revenues from whatever source derived, each and every of wh~ch, i~ being express~y unders~ood, is hereby mw~gaged as if speufically set (orth and dexribed in the g~ant~ng a~d habendvm ctauses hareof, and such Receiver shalt have all the ~read and effective func~~ons a~d powe~s in anywise entrusted by a Court to a Rectiiver, and :uch appointment shall be made by such Court as an'admitted equity and a ma~ter of absolute right to said MORTGAGEE, and without reference to the edequacy or inadeq~acy of the value of the property mortgaged or to the savency w insoive~cy of said MORTGAGOR w the defendants, and that such rents, profits, income, issues and revenues shail be appiied by such Receiver accord~r.g to the lien w equity of said MORTGAGEE and the practice of such Court. 8. To duty, promptly and fully perfo.m, discha.ge, execute, effect, complete, comply with a~d abide by each and every the sNpulations, agreements, conditions and covenants in sa~d promissory note and ~his mortgage set forth. 9_ That in the event the ownership of the mongaged premises, w any parT thereof, becomes vested in a pe~son other fhan the MORTGAGOR, the N.ORTGAC~EE, its successors and ass:gns, may, w;thovt ~otice to the MORTGAOR, deal with such successor w successor in interest wi~h re(e~ence to this mortgage and the debt hereby secured in the same manner as with Mbrtgagor without in any way vitiating or d~uharging the Mortgagors' liability her~ under or upw~ the debt hereby secured_ No sale ot rhe premises hereby mortgaged and no forbearante on the part of the MOR7GAGEE or its successors ur assigns and no eate~sion of the time for the payment ot the deDt hereby secured g~ven D~I tD! MVKWHGt[ or i~s w~cesaws u~ oa>~y+~a, s~w~i ~IYC~O~C ~o release, d~scharge, modify change or affecr the orig~nal Iiab~lity of the MORiGAGOR hcrein, either in whole w in part. 10. If is spec~fically agreed that time is of the essence of this contract and that no waive~ of any ob~~gafion hereunder or of the obligation se-' cured hereby shalt at any time thereafter be hefd to be a waiver of the terms hereof o~ of tFx ins~~ument secured herby_ 11. In add;~ion to the fwego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mwtgagor cove~ants and agrees to pay to mortgagee with each monrhly payment an add~~ional sum est~mated by mortgaget to be equal to 1 j 12 of the annuat cost of the fo~tow- '^9: A-All real property taxrs lerie~ or ass>ssed agai:~st thc above desvibed real estate. i B-Premiums on iire and windstorm insurance as herein reqo~red to be carried on th~ ~mprovements s~tuate on the above described premises. fE C-Prem+ums on such mortgage guaranty ir.surar~ce as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby_ I Mortgagee sha!I from t~me to time nor;ty mortgagor ~n writ~ng of tht amount d~e and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due date of the next monthly payment and each successive month thereafrer ur.tit mwtgagee shall notify mortgagor of a change in such ~ a*nount. Such sums s!~att be applied by mortgagee towa:d the payment of real property taxez, insurar.ce prem.ums, and mortgage guaranty insurance ~ premivms. ~ WITNESS WHEREOF, the said MORTGAGOR has hereunto xt his hand and seal t ay an~ yea? i afore " 1 ~ ~ , Sealed and de ' ered in the presence of: / ~ ~ an $ _ O~~ ~R. Oo set e (5ea4 ' ~ - i5ea0 ~ _ Elaine D. Dorsette c~ap STATE OF FLORIDA ` S? LUCIE ~ cour~nr oF • ~ ,,,.,.~i~»,,,. Dalton R. ~ ' Before me perwnally appeared ~OYS@Lte i^~~` ~~~.~.¦.s~~.K..~,-, snd Elaine ~OrS@tt6 his wife, to me we1~ Icliq~rn and knowtr,q~i0 to be ~ the individuals described in and who executed the foregoing instrumeM, and acknovrledged befwe me that they e~cufed ~\sab~ ~11;e.Pi?Poaos Elaine D. Dorsette ~ ` - therein expressed. Arx~ the sai ~ ~ _ wife ot the said D lton R Dorsette = u~~`~eparae snd privsts exarn~nation by me taken separate and apart from her said husband, ecknawledged to and before me that she exetvte~ uid iry(Iry~r~qn~~r~y;aRd volun- rarily and wiihout any compu~sion, constraint, spprehens:on, or fear of or from her said husbsnd. _ ~oveuber ' lq 73 ~ WITNESS my hand and official seal this_ 23=a day of r . . T.~ ~ ~ ~ Notary Public i~ and for the State of F{~ s et large ~ My Commission expires: ~ Return Ta NOTARII PUBLIC~ $TA1E d FLORIDA d LARGE ~ first Federal Savings 6 loan Associat~on MY (,OMMISSION Q(PIRES SEPT. 2$, 1915 O! Fort P~erce. Ba~~ ~ ~~SUnI1CE W. Fort Pierce, Florida F ~EO Ano RECORo ~uciE couMrr f~~. ~ ROCER POItRAS ~~f ~ This Instrument Prepared By Robert A. Sv~risher, Jr. CIERK C~RCUtT COURT ~~ids~C~ ~ First Federal Savings 8~ Loan Association RECORO YEk:~lEO..,~..r,.~ of Fort Pierce ~ F lor i da ~ I~ 21 9 oi AN'~3 ~ Checked By ~ 269245 ~ 800K PaC:' 730 . ~ ~ - i1 ~c___ _ _ _ . _ - ,