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Home My WebLink About1384 J. To place and con~~n~ounly keep on the bu~'Ji~~gs no~nr or herraher ~~t~ete cn sa~d iand and on all equipmem and perso~ally coverrd by this mortg- ag~, wilh all prem~umt Ihereon pa.d ~n f~ll, f~~e ins~rance m ~he ~swl s~e~~clard ~xr'ic~ lo~m, in a wm epproved by the MOR~GAGEE, and w~~dstoim in3u~ante in the usual itandard po:.cy fo~m, in a~um appro~~?d -b,r the MORTGAGEE, in ~uch companY or compan~es as the MORIGAGEE may d'uet1; end all (ire and w~~datorm insurance pol~ucs on any of ~a~d buiid~nfls, any interast the~ein or•psH lhereof, in ~he agg~ega~e sum afaresaid or tn •xteu Ihercof, sh~ll contain ~he usual sta~~Jard ma~gogr~ clauu or such other dause as the Mo~tyayee may requ~rd, m~kinp Ihe loss unde~ sa~d po~i- 'eies, each and every, payabte to said A~ORiGAGEE af ns ~r,~rrrs~ may appra?, and each and eve~y ~uch poi~cy sha11 be promp~ty a~s g~rd and deti~ered ~o i any held by seid MOR(GAGEE as tur~hrr sec~~~ty to sa~d mortgage debt, and. no~ ~ess tlwn ~en i~01 days in advance oi ~hQ eapi~ation of each policy, to d~- liw~ ~o iaid MORTGAGEE s renewal thc~eof, toge~her w~th a rece~pt for the promivm of wch renewal; and ~hc~e shaL' be r+o I~re or wmdsio~m insurance plxed on •ny of said build~ngs, any interesl theroin o~ pai~ the~eof, untess in Ux lorm and wi~h the losi payebtc ~s a~aesaid; snd in ihe e~en1 any sum . - of money kxcomes payable under such poGCy w pofues said MORTGAGEE ahnll have the op~;on ro recr~+e and apply the ssrne on acco~m oi ~he indrberd• ~ !1etS securetl hereby M ro petmif said MORiGAGORS to rKeive ant~ usa it ot eny pa+t 1he~eOf ior otnr~ pvr~~srs, v+~tho~t ihr<o~ .va~.r~g J~ u~~p~.r• ing any equ~ty, lien o~ righ~ undrr or by virtue of this mo~:gage; and in the evenl w;d MORTGAGORS shall (or any reason (ail to kecp the said premisrs so Insu~ed, or fail to detiver promptty any of said po~~cies ol in~urance to said IAORTGAGEE, or lait promptly to pay fully eny pre~niu~n the~efor or in any , roiped lail to perform, dixharge, execu~e, elfect, canplete, comply wiih and abide by thts coveneN, or ~ny part hereof, said MURTGAGEE may p~ace and ` psy fo~ such insurance or any pa~t thereoE wf~hou~ waiv~ng w affecfing any op~~a+, lien, equ~ty, or rigM under o~ by virtue of this Mwtgage, and the full amoum of each and eve.y such payment shell be im~nediately due and payable and ihall bear interest (rom tha date thereo( until paid at the ro~e ot ~ nine pet centum per annum er~d togrthe~ w~ith such inter~st shah Ge secured by the lien of thif mortgage. ~ ~ To permil, commit or ~uffer no waste, impairment or deterioration of said property or any part thereof. S. To pay sll and singular the costs, charges and expenses, includ~ng a reawnabte ~ttwney's fee and costs of abstracts of titlr, incurred or paid at any time by sa~d MORiGAGfE, Gecause o~ iw ~he even~ of ihe fa~lure on the part of ~he said MORTGAGOR to duly, proinptly and ~ully perfwm, d~xharge. exccute, efiect, comptere, comply w~ih and ab;de by each and every ~he etipvlanons, agreemenn, cond~tions, and covenants of said promissory note and lhis mortgage any or e~~he~, and sa:d costs, charges and expenses, each and every, ahall be immed~ately due and payable; whether or not there be no~~ce d~ mand, attempt to coltett or suit pend:ng; and the tull amount of each and every such payment shall bev~ interes~ ~rom Ihe date thereof uNi~ paid at the rate of nine per cent~m per an~w:n; onc+. ali said coits, charyea arid ex;,enses inturred w paid, toge~her weh suth interest, shall be secu~ed by ~he lien of th~~ marlgage. 6. That (a) in the event of eny breach of this Mortgnge or defauN on ~he part of the NORiGAGOR, w(b) in the event any ot said sums oi money herein referred to be not pranprly and tully paii! within ~h~rty (30) days next aiter the same severally become due and payable, without demend or notice, w(c) in the event each and eve~y the atipuiar~ons, agreeme~ts, cond~sions and cove~anta of sa:d pro~tiissory note and ~h~s mortgage any or either are not ~uly, promptly and fully perFormed, d;scharged, eaec~ted, effected, canpteted, complied with and abided by, then in e~ther or sny such eveM the sa~d ag• gregate sum rt~enrioned in safd p+omissory note then remaining unpa~d, with interest accrved, snd a~l moneys secured hereby, shall become due and pay~ able fo~~hwith, w thereafter, at the opt~on of s.,:d h1pRTGAGEE, as fuily and comple~e~y as i( a~l of the said s~ms ot rraney were or~g~netly st~pulated to be pa~d on such d.:y, anything in sa:d prom~sswy note or in this Mortgage to the contrary notwiths~and~ng; and thereupon w thereafter at the op~~on of said MORTGAGEE, wi~hout not~ce or demand, suit at law or in equity, therefwe or thereafeer begun, may be prosecuted as if all moneys secu?ed hereby had matured pnor to ~ts insi~tution. 7. That in the event that at the beginn~ng o! or at any time pending any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment o( any da~ms he~eunder, said MORTGAGEE shali appiy to the Court having ~ur~sdcrioo thereof for the appointment of a Receiver, such Court shall fwthwith appoi~t a rece~ver of sab mortgaged property all and singular, includ~ng aN and singular the income, prof~ts, issues and reven~es from whatever sou.ce derived, exh ancf every of wh:ch, it be~ng expressly understood, is hereby morrgaged as if speufically set for~h and deicribed in the g~anting and hab~ndum clauses hereof, and s~ch Rcceiver shali have aI! the braad and effective funcr~ons and powers in anywise emrusted by a Cour~ to a Receiver, and 'tuch appoinrment shall be made by such Cov~f as an admitted equiry and a matter of absolu~e right to said MORTGAGEE, and without referonce to the adequaty o~ inadequacy of the val~e of the proper~y mortgaged or fo the so~vency or insoivency of said MORTGAGOR o~ titie deiendants, and that such re~ts, profits, income, issues and revenues shal~ be applied by such Receiver according to ~he lien or eq~ity of said MORiGAGEE and the practice of such Court. . 8. To duly, prompt:y and fulty perform, dis!harge, exccute, effect, complete, comply w~th and abide by each and eve?y the stipulations, agreements, i conditions and covenams ~n sa~d prom~sswy note ared th;s mortgage set forth. 9. That irt the event the ownership of the mortgaged pre~uses, or any parf thereof, becomes vested in a person olher than the MORTGAGOR, the MORTGAGEE, its successors and ass~gns, may, without no~+ce to the A10RTGAOR, deal with such successor or successw i~ interest with reference to this mortgage and the dHbt hereby secured in the same manner as w:th Mortgagor w~~hout in any way vit;ating or dixharging the Mortgago~s' liability herr under or upon the de6t hereby sec~red. No sale of the premues hereby mortgaged and no forbearance on the part of the MORTGAGEE w its successws or assigns and no ea~ension of ihe ti~ne for the payment of the d~bt here5y secured g:ven by the MORTGAGEE or its successws or ass~gns, aiiall operate fo release, d~xharge, modify change or affect the orig~nal {~ab~f~ry of the MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed thaf t~me is of the essence of this contract and that no waiver of any obi~gation hereunder or of the obligation se- tured hereby shal! at any time thereafter be he!d to be a waiver of the terms hereef w o1 the instrument secured he~by. 11. In atid~+;o~ ro the forego ng momh!y paym~nn of princ pal and inr:•rest required by the prom~ssory no!e secured hereby, ~ortgagar covenants and agrees to pay to mostgagee v.ith each morvhly pay~.:ent an ad:1~~~onal wm es~~n:a~ed b~ mortgagee lo be equai to 1;'12 oS the ann~al cost of the foliow- ing: A-Att real property taxrs lev~ed or assass~d aga~nss ~hc above describcd real estate. ~ B-prerr.~ums on f~re ard v~inJs!onr. insuracce as nerein requ:red to be ca~ried en ihe improvemeots s~tuate on the above destribed premises. C-PrzmiuT.s on such n:ortgage guaranty ir.s~~rar ce as mo~rgagee shall from Yme to t;me deem fit to ca:ry on the loan secured hereby. Mortgagee s!~a!I from flme to nme no~ify morty:;gor in wrihng of the amount due and payable htreunder and such sum shall thereupon be due and payable on the due da~> of ~h_ nea~ month:~ payment and eacfi successive monrh thereaiter ur.til mwtgagee shall notify mortgagor of a cha~ge in such amount_ Such sums sFali be app!ied by mortgayee toward tFe payment o( real property taaes, insurance prem.ums, and mortgage guaranty insurence premiums. IN WITNESS ':rHEREOF, the said MORTGAGOR has hereunto aet his har.d and seal the day and ear first aforesaid. Signed, Seated and de!iverea in the presence of: ~ Seal) ,4~ Vvt/> (Seap f~M oc1,,....~ :~C~ (Seal) . (Seal) STATE OF FLORIDA ~ ~ ~ ~ COUNTY Of SY L,1~C10 ~ Before me personally appeared Stephen tiapier a~d Dreama L.. ~apier his wife, to me well known a~d known to me to be ' the individuals desc.ibed in and who exewted the foregoing instrument, and acknowtedged before me that they executed the same fw the purpofes ' therein expressed. And the said Dreama L I~apier w~fe of the said StPp~'1@2'1 ~apier upon a separate and prEvate examinat~on by me taken sepa~ate and apart from her said husband, acknowledged to and befc~e me that she executed said inslrvment freely and volun- tariiy and w~thovt any compuSsion, constraint, apprehens~orL..pt~fear of or from her said husband. WITNE55 my hand a~d offic~al seal thit Lf~'~ day of ~A D. 19_Z~ - ~ . ` ~ f ' ~~.j~ L~'~e./.i+~. Notary Public in and {or the Sute of F}dr~a et Llrpf , My Commission expires: ' ~ - . . Retum To: - ` f - • s / . First Federal $avings b loan Associatior. : ; i f, Of Fort P.erce. lJ~cJ(~V~ • ''-%-f:'~~ 3LjR•O1~ - \J ~ ~ ti = Fort P~crce. Ho•ida 1, i~~~, i- r.,..~...,... .,..i?.:~? ~r~_. :t1C8 ~ . : ~ .1,1' This tnstrument Pre ared B ~f ~EO Ali9 REGQ,ROE~ t ~ P Y Richard K. Kayes~ ~~~ECOUN~~ fl L ~ First Federal Savings 8 Loan Association ~pgE* P01`RAS of Fort Pierce , F1 or i cia ~~f pi~ CtNCU1T COURT RFCORD VER!~'tf'J Checked By 4 oi ~N " ~oS~ 2Z6 P,~ i3~ ~ ' ~ ~ _ - - y _ ~E i ? k'~ ~ _ _ . ~ . ` . . . r~ ~ ~ r~