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Home My WebLink About0981 3. To pl~te and [ontinuo~sly keep o+t tne b~u.u~~~~s :wH w i~n~a+ite~ S:t~ale on sa~d ~and and on a!I _;iviFn:an1 and person~~~y cove~rd by Ihif moilg• sgs, with all pron~~ums tF~ereon pa~d in iuil, f~re ins~r.~~~ce ~n tF~e uswl f1a~~erd policy fo~m, in s wm aHpro~ed by ~he h1UR~GAGEE. a:id w~~~Jaio~m ini~rante in ~he uwal i~andard po!:cy fo~~n, ~n a w~n app~oYed by ~he MORTGAGEE, in such canpany or co~?pan+ea as the MORTGAGEE may di~ed; and all lire and w~nJs~orm insuranca poGcies oo any of sa~d buiid~~9i, ~~y ~~~ereft ~hrrein or {,ar1 thrreol, in Ihe aggreyate ium +~oresaid or in exceu I~e~eof, shall coma~n the usual itandaid mo: ~gagae dause o~ wch aher ciause as ~he Mortyages may req~~re, making ~he toss u~~der ~e~d polr cies, each and every, payabfe ro sa~d A10RTGAGEE as ~~s interrs~ may epprar, and each and every suth ~:~cy th~ll tx promp~ly au gnrd a~~d de~~YCr~d to sny hrld by sa~d l.10RTGAGEE as (uriher secur~ty ~o sa~d ~nurtgagr deLt, and, not leas ~han ten (10) days in aJ+a~~ce ol the e~p~rat~on ot esch policy, to de- liver to said MORiGAGfE a ren.:wal the:eof, loge~her with a rece~pt for the prrmium oi such renewal; a:~d ~hafe aha:l be ~w L~e o~ w~~~d~tonn ~nsura~xe placed on any of said buil~ir.gs, any interest there+n w part Ihereof, unless in ~he form and wi~h ~he losa payable as afo~esaid; and in the event any sum of money becomes payable ~~xle~ soch policy a po6c~rs sa~d MORTGAGEE shall have ihe opnon ~o rece~~e a~~d apply ri~e ss~ne on ac.ount of tha i~~drbtrd- ness secu~ed he~eby w to permit said MORTGAGORS to receivr and use it q any part tt~e:eo! lor otncr Nury~oacs, v,:~ho~t ih:+~ o~ .v.;~.~:r3 0~ unPa~t- ing any equity, lien o~ right under w by virtua ot this mo::yage; and in the event sa:d MORTGAGURS shall ior any rcason lail to keep ~he said prem~s~s ao insured, or fail to delivr~ pramptly any oi said policies o( insurance ~o said MORTGAGEE, or foJ promptly to pay fu~ly any premwm therefa w ~n any respect tai! fo periorm, discha~9e, exrcute, eftecf, comp~ete, co~»piy with and abide by this cove~~anl, or any part hereof, said MORiG~GEE may piace a~~d pay fw such insurance or eny part ther~wf wi~hout waiving or affecting any option, I~en, equ~ty, or r~ght u~der or by vi~tue of this Mwtgage, and the full amount of each and e~•er~ such paymenf shall ba im~r.edeately due and payable and shatl baar imerest from tha date thereoi unii~ paid a1 the ~ate of nine per centum per ar.num and to3ether v~ith such i~~terest sheii be se~cured by Ihe iien o( th~s mo~tgage. 1, To permit, commit or suffer no wa:te, i~~pairment w deteriorat~on of sa~d property w any part thereo(. S. To pay all and singular Ihe costs, charges end expenses, ~~xludi~~g a reasonable atrwney'~ fee and costs of abstracts of title, incurred w paid at any time by sa~d MORiGAGfE, because o+ in the even? oi the fai~ure on ~he part of the sa~d MORTGAGOR to duly, promptly and futly perform, d~scharge. >xecute, e}(ect, co~np:ere, compty w~th and ab.de by each and every the stipulas,ons, agreemeros, conditio~s, and covenants of sa~d p~anissory note and thii mo~tgage any or either, and sa~d costs, charges and expenses, each and every, aMll be immediately due and payable; whather w not the~e be nonce de mand, attempt to co~lecl or suit pend~ng; and the fulf a~nount of each and every such payment shall bear interest from the date thereot until paid at the rare of ninv per crntum jx~ annu:n; and all said cos~s, c~a~ges and ex, enses incurred or pa~d, together w~~h such interest, shall 6e secured by the tfen of this mortgage. 6. That (a) in the event of any b~each o~ this Mortgage or default an tM part of the MOR7GAGOR, or (b) in Ihe event any of sa:d svms of money herein retened to be not pro~npt:y and fully paid wirhin th~~ty (30) days nca+ a4t•a+ the same acVera!ly beco+na due and payab!e, withou~ demand or notice, or (c) in the event each and every the stiputations, ag~eeme,~ts, cond~ua~s and cuvenants o( sa:d pron~issory note and th~s nwi~gage any or either are not iuly, pranpHy and f~Ily performed, d.uharged, execu~rd, effected, completrd, compGed with and ab~ded 5y, then in e:ther or any such event the said a¢ gregate sum me~tioned io'su~d promissory note then re~naining ~npaid, with int~re>t accrued, and atl monevs sewred hereby, shatl become d~e and pay- able forthwith, or therea{tei, at the op!~on of said MORTGAGEE, as fully and completefy as il a~l of the soid sums of money w~re or~9inally tt~puiated ro be pa~d on such day, anything in sa.d promissory note or in this Mo~tgage to the connary r.etwithstand~~g; and thereupon or thereafter a1 the opuon of sa~d MORTGAGEE, w~tho~t not~ce or demand, suit at law or in equdy, therefore w thereaSter beg~n, may be prosecuted ss if all moneys secured hereby r~d maWred p~~or to ita insti:ution. 7. lhat in the evenT Ihat at the begi~ning of or at any ~i~ne pending any suet upcn this Mortgage, or to foreclose if, or to reforrn i1, o? to enforce payment of any cla~ms he*eunder, said MORTGAGEE shati appty to the Cou~t havin9 jurisd.ctwn thereof for the appomtment of a Receivrr, such Court shaN fo~thw~th appaint a~eceiver ot said mortyaged property oIl and s~ng~lar, inclvd;ng all and s~ngular ~he income, prot~ts, issues and revenues (rom whatever s:urce deri~ed, each and every of wh~ch, it be~ng axpressly underorood, is hereby mor~9aged as i4 speulicaily set t0~~h and dewibed in t1x g~anting and habendum tla~see heteof, and such Receiver sholl have a~f the broad and effec~rve funct:ons and po~ners in anyw~se entrusted by s Courl to a Receiver, and s~ch appo~ntment shali be made by such Court as an ad:nitted equ+ty a~d a matter of absolute right to said Mpi~T~AGEE, and without rcfereryte to the edeq~aty er inadequacy of the valve ot the property mortgaged or lo the savency or insolvency o1 said MORIGAGbR o~ the deferrdants,~ and that such rr~,is, profits, ir~come, issues aod revenues shall be appiied by such Receiver accord~ng to ~he I~en or equity of saia MORTGAGEE and the practice.of such Co~rt. 8. To d~ty, promptly and fully perform, discharge, execu~e, effect, cornple:e, comp~y with and abide by each and every tFx stipulations, agreements, :onditions and tovenants in sa~d promisswy note and th~s mortgage set forth. 9. That in the event the ownership of the mortgaged pren,ises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the h'QRiGAGEE, its successors and ass~9ns, may, witho~t ner~ce to the 1t.ORTGAOR, deal w~th such successa w s~ccessor i~ interest with reference to this mo•~gage and the debt hereby secured in Ihe same manner as v.ith :tia~t~agor w~~how in any way vit~ating or d~scherging the Mortgagors' liability herr ~nder w upon the drbt hereby secused. No sale of the Frern~ses hereby rreo~fgaged and no fo~bearance on the part of the MORiGAGEE or its svccessors or ass~gns and no exter.sion of the rime ior the payn:em of the drbt h=reby secured given by the MORTGAGEE or its successors or ass~gns, s.:all operate to release, d.scharge, modify chenge or affeu the orig~nal 6ablLty of the M.OR(GAGOR herein, either in whole or in part. 10_ It is saeNfica!{y agreed that ti~ne is of the essence of this contract and that no waiver of any obl~gat~on hereunder w of the obligation sr c~red hereby sha~~ at any time thereatter be hefd to be a+.aivar of the terms hereof or of the instrument secured he~by. ~11. In add:t:o~ io the fo•ege n9 ~>~onrh!y paym~ntS of princ paf and in~erest requ;red by the From:ssory no~e secured hereb~, mortgag~r eovenants jr.d agrees to pay to mo~tgagee vcith each rnonthiy paf~.:ent an add~~iona! sum est~rra~ed by mortgagee to be equat to 1; 12 of the an+~ual cost of the foflow- ng: A-A!! real property taxes levied or assess_:i agai•u! ~hc ahovz describcd real estale. B-P~._m~,ms on ::re and vfindsrorm insuracce as fierein req~:red to be carr~ed on the improveme~ts sit~ate on th~ above dsscribed premises. C-Pra,ni~ms on such mortgyge g~aranty ir.svra~.ce as ~*~ortgagee shali fro;n t:me to time deem fit to carry on the loan secured hereby. Mortgag..e s~ea !~rcm timc to T~.ne nct~fy mertyager in writ~ng oF the ar.,ou~t due and payable hereunde~ and s~ch surn shail thereupon be due and ;.3~able on the due dare of the next momh:y p~ymenf and e..ch svccess~"ve month thereaf~er urtil mcrtgagee shall notify mortgagor of a change in such ~~:ount_ $ucle s~ms sha;i be app!ird by mortga~ee toward the pa7ment of rea! property taxes, insurance prem~ums, and mortgage guaranty insurance ' c~remwms. ` IU :VITN[55 'lrHEREOF, the saPd MORTGAGOR has hereunto set his har.d and seal the day rb~ear first aforesaid. ~ Signed, Sealed and deti ed in the presence of: J . i ~'G-!/ ~ SeaQ ~ • ~ ames H. B ari on t~,~ ~ " ; ~~a~ - , ~ . ~ Martha L. Blanton ~~aq SiAiE OF fIORIDA ~ St. Lucie ~ COUtJ1Y OF - ~ Befwe me personally appeared J~eS H• Blanton a~ Martha L. Blanton his wi1e, to me well known and known to me to be ti,e individuals describ~d in and who executed the foregoing instrument, and atknowledged before me that they executed the same fw the purposes rherein expressed. And the said MaYtha I.• ~dlltOfl wlfe of the said !`J~SeS H• $l~ltOn , upon a separate and private ~ e>~mination by me taken teparate and apatt from her said husband, acknowledged to and before me that she exetuted said instrument freely and volun- r3.~~y and w~thout any compuision, constraint, apprnehens~on, or fear of or from her said husband. WIINESS my ha~ and official seal this-.~v` a f ~rCh A. D. 19 74 ~ , % . ~ ~ J ~r Notary Pubtic in and for the ate of F•~da at large ~ My Commission expires: " Ret~m To: / _ '2 C.~_ V yR Fini Federal Savings 3 Loan Association f~l~~ ~~C14~i7E~ ~ - ~ O( Fo~t P:erce. S7.LU~1~ =Cl+TY FIA. ~ For. P~erce, fioriJa ~ ~'RA$ ~ c ;1. . C~JUR ~ . ~ ocr^F•i: , 1 Y.D iL 59 ~M'7~ ~ This Instrument Prepared By J. H. Robgit5~ J~i~ ~ ~ ; ~ First Federal Savings 8 Loan Association ~.•p•y?-~^!1 ~ " , of Fort Pierce , Rlorida I~ I`3V _ - ~ Checked By . ~ 't~ ~ d z ~ ~ ~ - - - - ~ , - - ~ ~ ~ ' f~= ; . w=~-~~ ~ ~ ~ ~ ~ ~ ~ _ . _ _ ~ ; _