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Home My WebLink About0978 . . 3. To placa and continuously keep o~ the bu~:dings no~v or hereafter ~ituate o~ se~d land and on all equip~neN and pertonatly covered by lhii ma~q~ • sg~, w~th all premiunu thercon pa~d in full, fifc ensurance in ~he usval sranda~d poli~y form, in a sum appwved by ~he MOR(GAGEE, and wu~dstorm insuronce in ~M uwal srandard poi~q fa~n, in a sum ~ppioved by ~he MORTGAGEE, ln such compa~y or compames as ths MORTGAGEE may direc~i a~+d a~l lirs a~u/ w~ndstorm insuranca po(~cias on any o( sa~d lwi~d~nqi, any io~e~eat tha~ein o~ pa~~ fhereol, in ~he a8greg6~e sum aforeia~d or In exces~ Ihereof, shall con?ain ~hs usual s~andard matgagee clauss w such othe~ clauss ~s IM Malyagee may requ.re, making the Iois undar so~d poli- cies, each and every, payab!e to said A1JRiGAGEE as ~t~ ~nteres~ ~nay appear, u+d each and every wch pol(cy sheU be p~ompr~y ass gned a+~d drl;varrd ~o eny hetd by said MORIGAG~E as lunher security ~o uid mortgaga debl, a~d, not leu thsn ten (10) days i~~ advance of the expirat~on of each poGcy, to oa IivN !o said MORTGAGEE a renewal theteol, ~oge~her with a reteipt fw Ihe prQmium of tuth renewal; and I~ere ihall be no fite or w~nds~onn inscronce p~ated on any of said build~ngs, ~ny interest thcre~n or part fhereof, v~less in the fo?m and wifh !hs loss payable as a(o~esaid; and in ?he event any sum of money becornes payabte ~nde~ s~.ch policy a poGues ia~d MORTGAGEE shall have the option ~o receive a~x! apply the same on accour.r of the indebted~ nru secured hpreby or lo permit said MORTGAGORS to rcceive and use it p any par~ the~eof ta osher purF,oses, w~tho~t ~h_r<u~ wa;v,ng or n,:;~a~r- eng any equity, lien oi r:yht under or by virtue of this mo:'gage; ~nd in the eveM ta~d MORTGAGORS shall (or a~y reason fail to kecp the said prernis:s so ~~sured, w fail to deGve? promptly any of said policita of insurance ~o sa~d MORTGAGFE, w fail prompdy to pay fuNy any prennum there~w or in any ~ respett fail to pe~fam, d~scharge, execute, effect, comptete, comply with and ab~de by this tovenant, a any pert hereof, said MORTGAGEE may place and pay tw such iniurance or aoy part thereof withou~ waiving w af(ectin~ any opuon, lien, equlty, or right under w by vir~ve oi ~his Mortqege, and ~he full ~mou~~ of each ar+d e.ery such payment shall be immediately due and payable ~nd shaN bear interest irom the date the~eof un?il paid a~ the ra~e o1 n~ne per centum per a~nu~n and to~ether with such inie~est shall be secured by the lien of this mortgage, t r 1. To permit, commit w suffer no wa~te, impairment or deterio~ation of said property or any psrf thereof. S. To pay all and singular the costs, chargei and expenses, including a reawnable ~ttwney'a fee and costs of absuacrs of t~tte, incurred or pa~d at ~ ar.y time b~r said MORiGAGfE, because o? in the evem of tAe failure on the part o/ the said MORIGAGOR ~o duly, promptly snd fully perform, d~scharge. ~ sxecute, eifect, complete, comply with and ab:de by each a~d eveiy the ~tipulanons, agreements, cond~tions, and covena~ts of said promissory ~ote and th~s rnor~gage any w eithe~, and sa~d costs, charges and e:pensea, each an~ every, shall be immedialely d~e and payabte; whetner w not there be nor~ce dr ' ma~d, attempt to cotlecl er suit pend;ng; and ~he full amount of each and every s~ch paymem shall bea? interest from ~he date thereof untit paid at the j r.ne o! nine per cemum per an~~urn; and aU said tosta, charges a~u! expenus inturred or paid, together w~~h such inlerest, shall be ietured by the lien of th:s mwtgage. 6. That (a) in the event of any breach af th;s Mwrgage or defauU on ~he pnrt of the MORTGAGOR, or (b) i~ the event any oi sa~d sums of mo~ey hcrein referred ~o be not prwnptly and fully paid within thi~ty (30) days next afte~ the same severally become due and payable, witl~ou~ demand o? notite, or (c) in the evenf each and every ~he stiputat~ons, agreements, cond~tions and covenanrs of sa:d promiswry note and . th;s mongage any or e~ther are not ~uly, promptly and fulFy perfwmed, d~scharged, execu~ed, effected, complered, complied with and a~~ded by, then in e~ther or any such evem the sa~d ag g~egate sum mennoned in said promiuwy note lhen remaining unpaid, with inlerest accrued, and aIl money~ setured hereby, shalt betome due and pay abtc forthwith, or therealrer, at thr opr:on of sa~d A50RTGAGEE, ai fully and comple~eiy as ii alI of the sald sums of money were wg~naUy snputafed to kx paid on such day, anything in sn:d prom~ssory note or in this Mwtgaqe to the contrary notwithatand~og; and thereupon or the~eafter at the op~ion of sa~d MORTGAGEE, without not~ce or demand, suit at law or in equify, eAerefwe or thereafter begun, may be prosecuted as if all moneys secured hereby rad matured pnOr to ~ts institvtion. 7. That in fhe event that at the begi~n~ng of or at any time pendir+g any s~it upor+ this Mortgage, or to fweclose it, e~ to reform it, o? to enforce payment of any claims hereunder, said NtORTGRGEf shall appty to the Court having jurisdiction thereof for rhe appointment of a Receiver, such Court shail forthwith appoint a receiv~r o( said mortgaged prope~ty all and singular, includ~ng all and singular the income, prolds, issurs and reve~ues from whatever seurce derive~, each and every of which, it being expressly understood, is hereby morrgaged aa if spec~ficaity set forth and destribed in the granting ar.d habendum c~aoxs hereof, and suth Receiver shall have al! the broad and effect~ve funct~ons a~d powers in anywise entrusted by a Court to a Receiver, and s..ch appoiroment shall be made by such Court as an admitted eQuity a~d a matter of absolute right to said MORTGAGEE, and without re~erence to Ihe adequacy or inadequacy of the vatue of the property mwtgaged or to the so~verxy w~nsolvency o( uid MORTGAGOR or tbe defendants, a~d that such ; renrs, profits, income, issues and revenues shall be applied by such Receiver accord~~ to the Sien or uit of said MORTGAGFE a~d tFx Court. ~ ~ Y practice of such 1 8. To duly, promptly and fully perform, d~scharge, execute, effect, comptete, comply •N~~h and abide by each and every the sripufations, agreements, conditions and tovenants in sa~d promisswy note and this mortgage set iwth. 9. That in 1he event the ownership of the mortgaged premises, or any part thereof, becomes vtsted in a person other than the MORTGAGpR, the :'.ORTGAGEE, its succeuors and assigns, may, wifhwt no~ice to the MORTGAOR, deal with such successor w succeswr in interest with reference to this mor?gage and the debf hereby secured in tbe same manner as v~irh hM1ortgago~ wnhoul in any way vitiating or d~scharg~ng the Jdlortgagors' tisbility herr under w upon the debt hereby secured. No sa:e of the prem~ses h:reby mwtgaged and no fo~bearance on the part o4 the MORiGAGEE w its successws er assigr~s and no extens~on oi the time for the payment ot the debr hereby secured given by fhe MORTGAGEE o~ its successors w ass~gns, ahall operate ~o rNease, d~uharge, mod;fy change or aifect fhe original IiabJity of the MORTGAGOR here~n, eithe~ in whole or in part. 10. It is specificaliy ag~eed that time is of the essence cf this contract and that no waiver of any oblegat~on hereunder or of the obligat'an se- cvred hereby shall at any time ~6ereaher be i~e!d to be a warver of the terms hereof w of the instrcment secure~ herby. j 1 t. In add~tio~ to the forego ~~g rnor.th!y payments of princ'pa! and inte~est rtquered by 1he prom;ssory no!e secured hereby, mortgagor covenanfs 3~d agrees to pay to mo:tgagee with each monfh~y pay-~ent an edd~~ional sum es~imared by mortgagee to be equal to l;'12 oi the annual cost of the follow- ;ng: A-All real property taxzs te•ned or assessed agai•.st the above descr;5ed. real estate. B-Pram.~ums on fere and windstonn inwra~ce as here~n requ~red to be carried on the improveme~ts situate or. the above d_scribed premises. C-Premiums on such mortg3ge guaranty insura~,ce as mortgagee shal! from t~me to time deem fit to carry on the loan secured hereby. i Mortgagee sha;l from time to r~me noi~fy mongegot writing of the amouM due and payable hereunder and such sum shatl thereupon be due and ;.ayabfe on the due dare of rhe nexr month!y paymen! and eath sutcessive month thereafter ur.tel mortgagee shall notify mortgagor of a change in such ~^:oum. $uch sums sha:! be app;ieJ by mongagee soward the payment of real property taxes, insurance prem;ums, a~id mortgage guaranty insurence ~-emiums. IN Y~ITNE55 WNEREOF, t e said MORTGAGOR has hereunto set his hand and seal the day a~ar first aforesaid. Signed, Sealed and de i red in the pre nce of: RoEO r FIIEfl AN~ REC~Y flA. $T~ ROGEF 0~RAS l Roze le '~ad rie an (Seaq CLERK CRIF f0 COUR? (Sean ' RFCOROYf Nattie Mae ~la drie " `StATE OF FLORIDA C` ,8 ~ (Seal) \I COUNTY OF $t. L11Cle ~ ~ C ~ ' Rozelle Maddrie - ~ I 8efore me personally appeared , 8~ ; ; Mattie Mae tdaddrie his wife, to me well known and known to me to be f ! th: ind;viduals described in and who executed the fwegoing instrument, and ackrawtedged before me that they exec~ted the same fw the purposes € therein expressed. And the said ~attie Mae Maddrie ~ w~fe of t6e said 1~oz¢lle Maddrie oRo~ a separate and private c,am~nation by me taken separate and apart from her said husband, acknowledged to and before me that she execWed said instrument frQely and volurr rar,;y and without any compulsion, constraint, appr sion, or fear of or from her said husband. WITNESS my hand and offic~at xal thi day of ~C ber A p, 19 73 Notary Pubiic in a for t State of ida af large - My Commission pires: Return To: First federat Savings d Loan Assa;a,~o~ ia a9, ~ Oi Fort P.e:te. V i Fort P~~:ce, flcrida `;,~~ulllli:::;~ ' - - ~ ; . ' : . i ; . . r~: ~ .j % ; This Instrument Prepared By John W. Col l in 5 ~~y c~'' R j' First Federal Savings & Loan Association - : c~-~d ; ~ ~ ` of Forf Pierce~ FlOtida " p ~ ~ •a _ ; - U~Lt~~'~- : ~ Checked By~ t~ . ,~1•..... - 80~K ~v~~ PACt ~ tO -~~Fy~1~P;,.``~~, i t',t1U~ - - - - - - ~ , ~ ~ ' ~ ' . _ _ ' ~~~`e°~".:.~'~..~f`"'~~ -.aa,..~ °'~w~Z.~ - . , ,s~^~'''~~ _ . . ~ -s':s»~:~^.~~•~«~ u° ~ "a s?s~