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Home My WebLink About0079 3. To place and coni~nuously keep on the L•ui:J~r.gs now or hrrrafter •~~~a~e on aa~d land and on all c~~pmrnt a~dtherMOR~GAGEEedabd ~winds~o~ n ege, with all premiums thzreon pa~d in lu~l, fire ~nsurance i~ the uwal S~d11:I3td ~]O~~Cy form, i~ a sum a roved by ;nw~an;e in the uiual ~tandard pol;cy (o~nL in a wm approtied by the MORTGAGEE, in suth tanpany o~ compan~es as ~he MORiGAGEE may d~rect; and all fi~e and w~ntla~orm insvrante po~k~es c~i any of said buiidmgf, +~y ~~?trest thtrein or parl thereof, in Ihe agg~egate tum ataeeaid o~ in excess thereof, iha~l co~tain ~he usuat standard mortyagte claose w such o~her clause as the Mo~~yagee may reyu~re, making tha ~oss unJer ta~d po~i- c~es, each and zvery, payab!e Io sa~d MORTGAGEE as ~~s ironre~t may appear, and each and eve~y tuch poi~cy shall tx promptly ais gned a~~d de:iv~red ~o any hetd by sald MORTGAGEE as iurther sec~rity ~o sa~d mortgage drb~, and, not less ~han ten (101 days.i:, advo~~ce o( the expira~~on of each po~~cY. to dr I~ver to said MORTGAGEE a re~ewal ~herrof, ~oye~he~ wi~h a receipt for 1he pre~nium of such renewat; and there shall be ra f~re or windsto~m insurance plac~d on any of sa~d b~it~~ngs, any interest there~n or parl thareof, unless in the form and wieh the lou payable as afo:esaid; and in the event any s~m of money beca~nes paya~le under wil+ po~icy w po~~cies sad MORTGAGEE ahal~ have the opt~on to ~ecc~vr aud apply tha aame on account o( Ihe ind~bted- +~rss secureJ hereby or to permit sa~d ~dORTGAGORS to rcceive and use ii w any part t~rreof tor osi~rr pWpOSei, .•.~~ho~t ~ha~.u~ xaw~:~~ o~ ~~+~pa~~' ing a~y equ~ty. Gen or ri3h1 undrr or by virwe of this mo:'ga9e; and in the event sa~d h10RTGAGORS sha11 for a~y reeson (ail to keep the sa~d premises so fnsured, o? fail to delrver pranptly•eny of said po~~cies of insurance to sa~d MORTGAGEE, o~ fait p:omptly to pay futly any pre~~ui~~n therefor or in a~y respect fait to perform, ducharge, exec~re, effect, compir~e, comp~y with and ab~de by this cove~wnt, w any part hareof, said MGRTGAGEE may piace a~.d pay fa such insurance or any pa~t thareof w;thout ~vaiving or affecting any option, lien, equ~ty, or nght u~der or by virtue of ihis Mwtga9e, and the full amount of each and every such paymero shall 6e immed~ate~y due and paya~le and shalt bear intetest from tha date thereo( uroil paid at the rate of n,ne per centum per annum and to7:iher with wch interest she~i !,e sewred by 1he lien of ~his mortgage. 4. io permit, commif a suffer no waste, impair~i~nt or deterioration of said property of sny part Ihereof. • 5. To pey all and singula~ ihe costs, charges and expenaes, ~nctud~ng a reasonable attaney's fee a~d costs oi sbstraus of tiNe, inc~r~ed or pa~d at nny tirne by sa~d MORiGAG:E, because w in the event of the fa~lure on the pan of the sa~d MORTGAGOR to duly, promptly and fu~ly perfarm, d~scharge. _~ec~te, effeU, compte~e, compty w~th and ab.de by each and e~ery the stipulai~ons, agreaments, condi~iona, and covenants of aaid pronussory note and ihi~ ~~ortgage any or e~ther, and sa~d cosb, char9es and e~Fenses, each end every, shall be immedia?ely due and payable; whether or not thare be notice d> n..~nd, attempt to co~tec~ or suit pend~~~g; snd the lull amount of each and every auch payment shall bear intereat (rom the date thercof until paid at the •~~r of n~ne pe~ c.:ntum per an~~..rn; and a~l sa~d cos~s, charges and expenses ~~x~rred or paid, ~oge~her wah such interest, shail be securad by the lie~ of th~s niortgaga. 6. That (a) in the evrnt of any breach of this Mort~age or defaul~ on the part of the MORTGAGQR, or (b) in the evenl any o1 sa~d sums of money herein ~eferred to be oot pro~nprly and futly pa~d w~rt:in thuty (30) days next a4rer the same severatly oecome due and payable, wi~hou~ demand or no~~ce, or ~c) in the event aath and every the stipu:ahons, agreements, condaions and covenants of sa:d prom~ssory note ar~d th~s mortgage any w either are not iu!y, pranptty and (ully perfom~ed, d:scharged, eXec~<<d, effeded, compteted, complied wiih and ablded by, ~hen in e~~her w any such event ~he u~d ag ~regate sum mentioned in baid promissory nore then ~emaining unpaid, with interest accr~ed, ar.d at! moncys secured hereby, shap become doe and pay- n~'.e forthwith, or therealter, at the op~ion of sa~d A10RiGAGEE, as fully and completely as ii all of the said sums of money were or~gin~lly st~pulated to be pa:d o~ such dsy, anything in sa.d pronussory oote or in this Mwtgage to the contrary notwithstanding; and ~hereupon or 11~ereafter a~ the option of s~:d MORTGAGEE, without nohce or demand, su~t at law or in equity, there(ore or thereafrer begun, may be prosecuted as if aU moneys ~ured hereby nad matured p~~w to ita institution. 7. Thnt in ~he event that at the beginning of or at any time pend~ng any auit ~pon this Mortgage, or to fo~etlou it, or to reform it, or to enforce paymeN of a~y daims he~eunder, sa~d MORTGAGEE ahall apply to the Cour~ havmg jurisd~c~ion thereof for the appo~ntmem of a Rece~ver, such Co~rt shall . Fc•~hwith appcint a rece~ver of sa~d mortgagrd property all and si~gular, includ~ng all and singuiar the income, proLts, iss~es and reven~es from whate~er ~ sc~rce derived. each and every of which, i~ i~e~ng express~y unders~ood. u hereby mor~gaged as if spec~f~cally set forth and described in the g~ant~ng and w:,hend~m cla~ses hereof, artd such Receiver shatl have a!I the broad and effecnve fvr.ct•ons and powers in anyw~se emrusted by a Coun to a Receiver, and s_ch appe~ntment shaEl be made by such Court as an ada~ittad equity and a matter of absol~te r~ght ro said MORiGAGEE, and w~thout reference to the e:irq~acy or inadeq~acy of the val~e of the p~operty mortgaged or to the so:ver.cy or ~nsc~ve~cy of said MORiGAGOR or the defehdants, ar.d ihat svch r_•~,os, profits, income, issues and rever.ues shall be appGed by such Receiver accord~~tig ~o the lien or equity of said MORiGAGEE and ~he practice of svch Coutt. . 8. To du!y, prompt!y ar.d fut~y perfo~m, d~scharoe, execu~e, effect, compiete, cort~ply with and abide by each and every the st~pulations, agreements, ;ondeions and covenants ~n sa:d promissory note and th:s mortgaye set forth. 9. That in the e~ent rhe ownershfp of ~he mortgaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the :~RTGCcGEE, ;ts successors and asstgns, may, w~~hout noti~e to the N.ORTGAOR. deal w~th such successor or successor ~n interest with refere~ce to this r o•rgage a~~d the d_u! hereby secured in the samr manr.e~ as w~~h 5~!ortgagor w~~hout in any way vit:ating o~ discharging the Mortgagors' liability he~r .,nder or upo~ the debt hereby secwed. No sale of ~he F~em~ses hereby mortgaged and no forbearance on the part of the /dORTGAGfE or its s~rccessors or assigns and no extenvon of the eme for ~he payment oi the deb~ hereby secured g~ven by the MORTGAGEE or its successors or ass~gns, ahatl operate co re!zase, d~scharge, mcdify change or affect the o~~g~nal Iiab,Gty of fhe MORiGAGOR txrein, either in whole or in pa:t. 10. It is spec~Iica~ly agreed that tirne is of the esse~~ce of this contrad and that no waiver of any ob~~gation hereunder or of the ol~ligation se- cvred hereby shali at any time thereaiter be he.d to be a walver of the terms hereof w of the instrumeM secured herby. ~ 11. in ~dd.~io~ to the forego ng monrhly oaym^nts of pr~nc paI and interest requ;red by the p~om~ssory nore sec~red hereby, mortgagor covenants ~ d agrees ta paY to moctgagee v~~~h each monrh:y ;.a~, ~en± an add~~ional sum es,~:~~ated by mortgagee to be equal to 1. 12 of the ann~al cost of the follow- I ~ :J: i [ ~ A-Al! r~af property taxas levied o~ assess_d ag3i;st ti.c abo~e desc•~bed rea( estate. , ; B-P~.~*:~~~r:s on fhe and w~ndstonn ~nsvr3cce as nerem regu:red to be carried on the :mp~ovements s~tuare on th~ above desr•ibed premises. f C-P~ern~ums on svch mortga~e guaranty ir.sura~.te as mo{lgagee shall fro^~ time to time deem fit to carry on the loan secured hereby. M.ortgagee s~ai! `rcrn rl~ne ro f:me nc+~fy morsgagor ~n w~it,ng of the am.oun~ due and payable hereunder a~d such sum shai! thereupon be due and 3 ,>yahle on thz• due date of the next mo~thty pay~neN and each successive momh thereafter ~ntit mcrtgagee shall notify mortgagor of a change in su.h ~ :~~nt. Such sums sha.l be appiird by mortgag~:e tos.ard fhe payment of real property taaes, insurance prem,ums, and mortgage guaranty insurance h :-•~emi~ms. ~ 1 ~ WITNE55 YH OF, the sa~d MO iGAGOR has hereunto sef his hand and seal the day and year ' aforesaid. u s= d deliv~r ~ in th resence of: - ~3~- (Sea~ a ~ ;~{~1? itkD ii~DtfiRB~ ' / ~ - ~.~~JCtE C~Y~ t ~klin 1.. Daw n cseaq ~ _ ~IOCER P~{~11?3 //.S /,.`7~i. ct.~..~~ _~6-~.1.~-c.n - r(`~£f~K C.li~r.ll~i (Seal) ~ _ _ RE~.f~~ vfR~' Arabelle P; DaKSOn ___cseap ~_T,+TE OF FLORIDA ' ¦ V .7~ ~ ~ 55 2~~~~~ Y` CJUNTY OF ST . UIC~E . ~ Befwe me personatly appeared Fr~klin 1.. Dawson a^d ~ Arabelle p. ~MSOII his wife, to me welt known and known to me to 6e rhe individuals described in and who executed the foregoing instrume~t, and acknowledged before me ihat they executed the same for the purposes ~ therein expressed. Md the said Arabelle P. ~dNSOIl ' ~ Nlfe of the eaid Franklin j.. Dawson _ a separate and private } - r..am~nat~on by me taken separate and apart from her said husband, acknowledged to and before me that she executed said instrument freely and volu~- i ` # •:~~iy and w~thout any com~ulsion, cor,siraint, apprehens.ai, r fear of w from her said husband. ~ WITNESS my hand and ofFiciai seal this- ~ u day of Aprll - A. D. 19 74 ° _~~~n.~~ ~ - ~ Notary Public in and for the a~e of Florida at lerge 'r-~ ti1y Comm~ssion expires: + O ~ a-~ 6 Return To: ~ s •r, - First Federal Savings 8 loan Associat;on ' ' Of ~c~t P crce. - , _ ~ Fort P:_KG. FlGrida - _ ~ _ ~ i ~ . • ~ _ This Instrument Prepared By RobeZt A. SMiSheZ ~ JZ . ` ~ - First Federa{ Savings & loan Association ~ ~ - o f For t Pierce ~ F 1 o r i d a - ~ , _ _ , - ~ ~ • c , - Checked By L~- • ''~+~iu~?~:,~~... r ' - 80QK 226 PA6E l9 . : - - _ - - , . - _ ~a ~ _ _ _ - . . L