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Home My WebLink About1546 3. To place and continuO~sly lnep on ti~t Lu::.l~i~ys ~io+y Or hrr~•aiter s.tuete o~ S~~d ~and and nn a~l ~q.alp~nent and petsonally covtred by Ihis mo+tg- ~ge, with sl) przmiumi Ihrreon ps~d in fu~l, I.re insu~.,ni~ in ~he ~~sual itan:la~d po~~ty torm, in a suui aNp~uvrd by thr MOR~t;AGEE, and wi~dslo~m ~ inw~anc~ in ~he uwal uande.d po~.cy fonn, in a wm approvnd by ~he MUkiGAGEE, such company o~ tompames a ~he MORTGAGEE may , , dirett; and all tire and w~nJaiorm insuronte po6cia~ on •ny of sa~d bui~d~ngs, any interes~ thcrein or par~ the~eof, in the agg~egate sum aFweaid w:~. in excess ~hereoi, ~hnll cont~i~ the usua~ s~and.~rd mor~~agre dause o+ such o~her cte„se as the Ma~yagee Ray ~equ~re, makirg the lo~s ~nder se~d po~i~ cief, each and eve+y, payab!e to sard A10RTvAGEE as i~~ ~n~~resi ~~~~y ap~xa~, and each and every iuch po~~t/ sl~ell be promp~~Y a~s gned ord detivered ~o ~ny hrld by satd MORiGAGEE as fu~~hrr iewrily 1o said ~~~onyegr d<br, and, not Iru ~hao ~e~~ (10) day in ad+a~,ce of thn expua~~on of each poficy. ~o da liv~r to said MORfGAGEE a re~~ewal Ihereof, toge~har with a rrte~pl for the pr~~nwm o} wch rene+.a1; end thr~e shall be ~ro f~~e or wi~~dstonn ~nsu~ance . placed on any of sa~d buildings, any interesl therein or per~ thereoF, unless in ihe fonn and wi~h the iosa paya6le as atoresaid; and in tM event any sum , of nw~ey becomes payobie unJcr •uch policy w po~~cies se~d MORTGAGEE shall have ~t~r oNt:oo ~o recr~ve ond apply Ihe sa~ne o~ accour.t of the indebted- ne~s secured hereby or to pe~m~t sa~d MORTGAGORS ro receivc and use it a ony ~:arf ~hr+rol to~ osnr: p~rpoers. .•.~~n~~•~t u( `N31~1•~3 or ~~upa~~- ing any equ~ty. I~en or ~~gh1 unde~ w by virtve of lhis mo:•gage; ~nd in the event sa~d MORTGAGORS shafl ta any reason iail to keep the said p~emises so ~ ~ insurrd, or fail to deliver p~omptly any of said polKies of insursnce to se:d MORiGAGEE, or 1,ti1 promptly ~o pay fulty any pre~mum therefor tx in any reapecl fai~ to perform, d~scharye, ezecuta, elfetl, complera, coenply with and abide by Ihis covanan~, a any pa~t hareoi, se:d MGRTG.IGEE may place and ~ pay fa such insurance o~ any parf th~reof wilhout waivir-~ or atFecling any opt~on, lien, eq~~tY, or ~igh1 urtder or by wrwe oi ?his Mo~tgage, and the . fufl amovm of each and every svch payment shail be ~mmed~etely due and peyable and shall bcar i~terrst fran tha date Iher~wi until paid at the ~ate ol nine per cenwm per annum and to~r~her wnh such inte~csr sh~N i~r secured by the lien o1 th~s mortgage. 7o permit, rnmmit or suffer no westc, Impa~rment o? deter~oratiu~ ot said properly w any part theraof. 5. To pay all and singutar the costs, charges and expenses, including e rrasoneble attorney i fee and cost~ of abatracts of titie, inc~rred or paid at aoy time by said MORTGAGfE, because o~ in the event of Ihe fa~lure on the part of ~he said MORTGAGOR to d~ty, pio+npNy and fully pertorm, d~scharge. execute, et(ed, comptete, comply w~th and ab.de by each and every the stipuSat~ons, agreements, cond~tions, and cove~~anrs oi said pran~ssory nofe and ~his mwtgaye •ny o~ ei~he~, and sa~d costs, charges and expenses, each and every, shall be immrd~alaly dw and payable; wF+rther o+ not th~re be ~once da mand, attempt to collect w suit pend~ng; and the ful! amount of each and every such paymem shali bear ioteres~ frum the date thereof until pa~d at the rate oI ~il~e per centum pe[ am~u~r, and all sa~d costs, charges and expc~~ses ~nc~rred a pa~d, ttgether w~th such interest, shall be secured by the I~en o( this mortgage. b. That (e) in Ihe event of any breach of this Mortgage or default on It~ part of the MORTG~GOR, a;b) in the evrnt any of sa:d sums of money herein referred to be nol promptly and fully paiJ wi~hin th:rty ~3pi deys next a+ter the same severa:ly becane due and payeble, without de.*fand o~ no!ice. or (c) in thr event each and every the st~pu;asions, agreemrnts, cond~t~ons and covenanrs of sa:d pran;ssory note and th~s mortgage any or e~ther sre no1 ~uly, ptomptly and fuliy pe~formed, d.scharged, execured, effec~ed, canpteted, complled w~~h and ab~ded Sy, then in either or any such eveM the sa~d ag gregate sum rnent~oned in said prom~ssory oo!c the~ remaining unpa~d, with interes~ acuued, and atl mornys sewred here6y, ahall become due and pay- able forthwith, or thereaf~cr, at ~he option of sa~d MORTGAGEE, as fvfly and comp;eiely as ii ail of the said svms oi monty were or~g~~atly stipulated to be ~~d an such day, anything in sa,d pro~n~:sory note or in this Mwtgage to the co~+nary naw~~hstandi,ig; and thereupon w thereaftiv at the opt~o~ of said MORTGAGEE, w~tFout nonte or demand, suit at loav or in equ~ty, therefore or therrot~er beg~n, may be prosecuted as if all moneys secured hereby nad matured pr~or to ds inst~tution. 7. That in She evertt that at the beginn~ng of or at any t~me pending any suit upon th~s Mwtgage, a to foreclosa it, w to retorm it, or fo enforce payment of any daims herevnder, said MORTGAGEE sha~l apN!y to the Cawt having jurisd.ction ~hereof for the appo~romeot of a Receiver, suth Court s6a11 Fwthwith appo:M a rece~ver of said mortyaged property aL' and singula~, incivd~ng aH and vng~tar the income, profits, issues and revenuea from whatever sovrca der~~ed. each and every of wh~ch, i~ be~ng express'y ~nde~s~ood, is herrby mortgaged as ~f spec~ficaity sef fonh and described in the granting and habendurim davses hereof, ar.d such Qeceiver sha!1 have alt the 6~.,od and effectne funct,ons and paxen in anyw~se entrusted by a Cou~t to a Receirer, and s~ch appoinfinent nF.all be made by such i.ou~? as an ad~nimd eq~;sy and a matter of a6solvte r+ght to said N.ORTGAGEE, and without reference to the adequacy w inadeyuacy of tF.e va(~e of the proFerty mortgaged or to the so.vrncy or inw'vency of said MORiGAGOR o~ the defe~:dams, and that suth r~~n~s, proffts, ir,com., issues and rever.u~zs shail be apptied by such Receiver acco~d~ng to the lien w equity of sakd MORiGAGEE and the practice of such Court. 8. To du'y, p~anptly and fully per(o.m, discharge, execut~, effect, comptrte, cumply w~th and abide by each and every the stipulations, agreemen7s, conditions and covenaats ~n sa~d promissory note aild this mortgage set forth. 9. That in the event the ownership of 1he mortgaged premises, w any part thcreo~, becomes vested in a pe.wn other than 1he MORTGAGOR, the l,!pRTGAGEE, i~s wccessas and ass:gns, may, wiihout noT;ce to the NORTGFOR, deaf w~th such successo: or s~~ccesso~ in interest with ~eference to this n,ortgage ar.d :he d_u~ he~eby secured in the same manr.er as with Mo~tgagor without in any way vit:ating w d~scharg~ng the Mongagors' liability Ixrr under or upon the deb~ he~eby secured. No sale of fhe premises h._~e'oy mo~tgag~d and no farbearance on the part of rhe /AORiGAGEf or its successors or assigns and rto extens~on of the t~me for the payment of the d<bt he.eby sewrrd given by the MORTGAGEE or its successws or ass:gns, sf'~all operate to re~ease, d~scharge, modify charge or affect tha origmal liab~fty of the fdORSGAGOR herein, either in whole or in part. 10. It is speufically agreed tha+ time is of the essence of this contract and that no wa:~er of any obl~gaf~on hereunder o~ of Ihe obligatan sr cvred hereb~ shaii a~ an7 time thereafter be he:d to be a waivcr ot the terms hereof or of the instrurnent secured herby. 11. In ;ddnlon to T!~^ fore~e"~}g mcn!h!y paym~~nts of p~i:•c ~cl and interesf req~ired by the prom'sscry ne!e secwed hereb~, mortgagor eovenants a~d agrees to pay to mo-tgagee v~ith rach mon!hty pay~-ent ar. sdd~:ional sum .•srV:rated by mortgagee to be equal to 1, 12 of the annuai cost of the tollow- inq: A-All real property ta,~s iev~_~ or assexed ag+:•~st thc a6ove des!ribF-d r_al estate. B- Pren,'u ns o~ (~re and :rii:u>~o~~r: mwracce az nerein r,~qo~red ro be can~ed un tne improvements situate on the above described premises. C-Ptemi~ms on such rr.ort~age guaranty ir.wra~.ce as rnortgagee shaSl fro~~ rme ro fime deem fit to carry on the loan secured hereby. ~dortgagee s~a`~ hom ~~me to ~~me norify mc*tgago: in ~~,nt;ng of the a~:ou~t dve a~d payab~e hereundrr and such sum shall thereupon be due and ' ~ayable on tF.r d~e date of the next moNn:~ payment and each successire month thereaft;r un~i! mortgagee shall notify mortgagor of a change in suth ~ ;--:ou~t. Such w:ns skali ~e a~piied by mortgagee toward the pay~nent o~ real proc~e~ty tdxes, inwrance prem;ums, and mortgage guarenty insurance f p~emiums. ! IN Y~ITNE55 K'NEREOf, the sa~d ti50RTGAC,OR has hereu~to set his har.d and seal the da/ arx! year f' t afwesaid. ~ ~ i Se defiv d in t presence of: ~ . ~ ~ (ILEL nM ~ ; ~~~Y F~I~. Ses~ ~ _ ~C ~~uhj I.lo d lo! tseary ~t. Wv _ _ ~+'R` ~Rt 7~" R~' M :.i1t' (Seaq - RFCr;;~`~~~;c E='••r+'r Clotild@ F. Tt~y ! {5eaq Si,>TE OF FIORIDA ~ a 44 a~'~~ ~ COJf1TY OF . LLKIE I ~ ~S j-~V Before me personaliy appeared Lloyd raylor and _ ClOtll~ r' Tij(101 his wife, to me well known and known to me to be the individuals desuibed in and who exewted the foregoing i~strument, and acknowledged before me that they executed the same for the purposes rt,erein expressed. And the said ClOtll(~@ r' • TAY10! w~fe of the sa~d Lloyd T~y~ or vpon a separate and p~ivate examenarion by me ta4en separate and apart from her said husband, a:knowledged to and before me that she executed said instrument freely and votuo- rarily and without any compulsion, constra~nt, apprehens~on, or fear of or from her said husbsnd. WITNE55 my hand and off7ual seal this__~~L day of N'farch A. D. 19 7'4 ~ . ~ Norary P~blic i~ and the State of Florida st Large ~ My Commission expites: y Return To: s~ iirst Federal Savings b Loan Associat;on ~ IiNory ~u~ic. St~t~ of ibr:d~ d l~~:e Of fo~f P.erce. For; P~~rce. Ftor~d3 Mr CommisuM E,~p~~s Ott. J0. 1l~~ ~011dOd br IuMrican Fin b Cosuolty Co. . . . ~ • ~ - ...~:.,r' - . _ ~i~~~ This Instrument Prepared By i~l~. J. Forbes ' • First Federal Savings & Loan Association . ~ of Fort Pierce ~ Flosida ~ ' ~ . ' . ' ~ . Checked By - a< - v. 7 - ~ ~ - . • : . - , 0 p _ ~~a~225 ~A~E ~ _,,,i.~~ ~ ,1544 _ " , . ~ Y ~...Ef . _ ''..w^`w .~S~L ..tCi. ..v?~ ~ ~ _ ~~~~y.~:Y~ ~ ~5.~!' ~ ~ ~ Pd.' : ~ ~i ~ M~ ~ . P ~.g~¢~' !Y .~r a ' ~ V'1,~Y3:, n rY- ~ '^`~T'.- ~ . _ ~ .