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Home My WebLink About1574 3. To p~ace and continuously keep on ti~e bv~ d~nfls ac~nr or hereafter s~tua~e on se+d land ard on a!; eq.,~p:~~ero ard penona~~y core~ed b/ th~s moreq- ege, wnh •II premwms thereon No d m 1~lt, Lre 'u~s~ta::ce ~n the vwal s~a~ard pol~cy 1orm, in a s~rt+ aHproved by th~ MGR~GAGEE, ar•d w~~ds~orm ;nsurance in Ihe uaual s~ande~d pol•cy form, ~n a sum aNp~ovrd by the MORTGAGEE, in tuch company or w~~~;~an~ef as the At021l;AGfE may di~ecl; a~d aU f~ro and w~ndstorm insu~an~e po~~c~ea oo any of sa~d b~,~id~r,gs, a~y interest ~he~r~~ or pert thr~eol, in ~he agg~r~a~e s~m aforesa~d w in excess ~hercof, shall contain the usual ~ta~~Jard mortga9re uau~e or wch o~her dause +s the Mwtgegee may rrqu:re, meking the ies~ unJrr se~d po~~ ues, each and every, papab!e ~o sa~d h1pRIGAGEE as Js in~erefl aiay appear, and each and eye~y s~ch pui~cy shaN tx prornpfly asa gnrd ar.d da.~tie~~~d ~o any held by seid MORfGAGEE as (urthar secur~ty to said morigage dzbt, and, not leu ~han ~en (10) da~s in ad.ance o( ~he exp~~a~~on of each pol~cy. ~o de- Gver ro said MORTGAGEE a renewal thercof, toge~her with a rece~pl fo~ the premwm of wch rene+va~: a~d the+e sti~aU be no f~re or w~~~dsic~m insurance plated on ~ny of said b~ild~ngs, any intereit there:n a par? the~eof, unless in the fo~m and w~th the los~ paY+61e as aforesaid; a~d in the e~ent any sum of money becomes payable u~~de~ such policy or pol~cies said MORiGAGEE shall hare the opuon to rece~ve and apply the ume on accou~t o~ the inJrc~~d~ nrss setured hereby o~ to permit said MORTGAGOR$ to receiva and ~se it w any part tFwreof for o:~~~~ {.~r; cars, ~•.•~~o-~ ~t~'•"7 °f a°"" ing any eqv~ly, lien o~ r~ght uncler or by virtue of thia mo~'gage; and in the event ia d MORTGAGORS shall 4or any ~cason tail To keep the sa:d p~em~s~s so insu~ed, o~ fail to delive~ promptly any of said po~~cies o~ insurance to sa;d MORTGAGEE, o~ fail prompdy to pay f~~ly any pre•r~~~m the~eior or ir. a~y respetl fail to pe~fo~m, d~scharge, e:ecu~e, effect, comp~ete, to~nply wirh and ab~de by th~s tove~ant, or any par~ hareof, se:d MORiGAGEE may p~ate a-~o pay for such in~urance or any part thereof w~rhout waiving or affecting any opuon, lien, equ~ty, or r~ght u.:da w 6t v~~t~e oi rh~s Mwtgeqe, a~~d the fvll amovnt of each a~d every such paymenf shall be immediately due a~d payable and shall bear imerest Irom tF~a date ~hereof u~~til pa~d at the ra~e o~ n~ne per cenWm per ann~m and to3rfher w~th such mtez~sr shail be sccwed by ihe lien oF this mwlgage. 1. To permit, commit or su(fer no waste, impairment a deter~orat~on of sa~d p~operty or any part thereof. S. To pay all and singular the costs, charges and expensrs, inctuding a reasonable attorney's fee and cos!s of abstracts of tit!e, ~~cuved or paid at any time by sa~d MORiGAGEE, because o+ in the evero of the failure on the pan of the said MORTGAGOR to duly, pro~~p?ly and fu;ly perform, d~u?~a.ge. >xecute, effett, complete, comply w~th and ab:de by each and every the s~~pulat,ons, agreements, cond~tions. and covenanss ot sa~d prom~ssory note ard th~s morrgage any or e~ther, and sa:d costs, charges and eapenses, each and every, shatl be immrd~atety due and payabte; whether w not thzre be nat~ce d~ mand, attempt to coiied or suit pend~ng; and the full amount of each and every svch payment sha11 bear interest from the date the~eot until paid a1 the r.~ie o~ nine per centum par annum; anc~ ail said cosrs, chargrs and expenses ~ncurred or pa:d, toge~her w~th such ~ruerest, sball he secured by ?he I~en of thn mortgage. b. That (a) in the event of any brrach of this Mortgage or default on the part of the MORTGAGOR, or ;b) in the evenl a~y of sa:d sums of mo~ey herein ~eferred to be not p~omptly and fully paid within thvty (30) days next aifer the seme severa~ty becane due and pa~able, witiw~t demand o? notice. or (c) in the event each and every the stipuia~ions, agreements, co~dirions and covenants of sa.d promissory notr anrJ fh.s mo~tgage any or either are not iuty, promptly and futly periormed, d~scharged, e<ecuted, effeaed, canpleted, com~sGed w~ih and ab~ded 5y, then in e:ther or any such event the sa;d ag ~.egate sum mentioned in said promissory note then remaining unpa~d, with interest acu~td, and a~l moneys secured hereby, shail become due and pay- _ ab~e forthwith, or thereaitcr, at thr op!ion of said htORTGAGEE, as fully and completely as if all of the said sums oi money we~e or~g~na:fy st~pu.ated co be pa:d on such day, anything in sa.d prom~ssory note or in this Mwtgage to the contrary r.otw~~hstand;ng; and thereupon w thereafter a~ the op~~ort of sa:d MORTGAGEE, w~thout nonce or demand, su~1 at law or in equity, therefore or ~hereafirr begun, may be prosecWed as if all moneys secured hereby nad matured pnor to ~ts ins~itution. 7. That in the event that at the beginning of or at any time pend~ng any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce payment of any ciaims hereunder, said I~10RiGAGEE sha~! apply to the Court having ~vr~sd:c~ion thereof for the appomtment of a Rece~ver, wch Co~n shall forthwith appoint a rece~1er of said mortgaged prope~ty all and singular, in:lud ng ail and singular the ir.come, prof~ts, issues ar.d rever.~es (rom whate~er scurce derived, each and every of wh~ch, be~ng express:y uoderstood, is hereby morrgaged as if ~pec~fically ut forth and described in the g~annng and h.jce~dum cla~ses hereof, and svch Receiver sha11 have all fhe boad and effective funci,ons and powers in anyw~se entrusted by a Court to a Re,river, and r_ch appointment shall be made by such Court as an ad~nitted equity and a matter of abso~ute r]ght to sa~d MORTGAGEE, and w~~hou~ reference to the adequacy or inadequacy of the vaiue of the property mwtgaged or to rhe so vency ot ~nsoivcnty of uid MORiGAGOR or the de'.endants, and that such e~~s, profits, income, issues and revenues shafl fx applied by such Receiver aciord,ng to the Gen or equuy of sa~d MORiGAGEE and the pract.ce of such Court. 8. To du1y, premptty and fully perfo+m, discharge, execute, eifect, comp'ete, compl~r w~th and abide by each and every the stiputations, a~rezments, conditions and covenants ~n sa~d promiss~ry note and thls mortga~e set torth_ : ~ 9. That in tbe event she ownership of tne mortgaged premises, or any part thereof, becomes vested in a perton other than the MORTGAGOR, the a :'~RTGAGEE, its svccessors and ass~gns, may, w~~ho~t notlce to ~he ~dORiGti02, deat with wch succeaso~ or successor in mterest w~~h reference to th~s n,o•~gage and the deut hereby secured in the same manr.er as w"nh 1Aortgagor w~+fiovt in any way vit~ating or d~scharging the ldortgagors' liab~tity here- der or upon the de61 hereby sec~red. Wo sale of the Fremises hereby mortga9ed and no forbearance on the part of the ?AORTGAGEE w iis svccessors or assigns and no extens~on o1 the time for the payment of the debt hereby secured given by the MORiGAGEE o~ its wctessors or au!gns, a~~all operate - ro release, d~scharge, modify change or affect the or~gmal liab~:~ty of the MORTGAGOR herein, either io whole or in part. 10. It is spec~fically agreed that tirne is of the essence of rhis contract and that no waiver of any oby:gat~on hereunder or of the ob!igation se- cv~ed hereby shall at any time thereafter be he:d to be a wa~~er of the terms hereof or of the instrument secured herby. 11. In addnEon to the forego'ng mor.th!y paymenrs of p~~nc pal and interest requ~red by the prom'sscry no!e scwred ~e~Fb,~, mort~agor covena~ts ~•~d agrees to pay to mortgagee v+:~th eacfi month~y pay~:.em an ad~~nonal sum es~~~~a~ed b~ mo~tgagee to be equai to 1; 12 of the an~~al cost of the foliow- ~n7: • ' A-All rea~ property taxes iev~e~ er ass^ssed cgai ~st the aLove descri~ed rea! estate. B-Prem~ums on f~re and v~~ndstorn, knsurarce as here:n requ;red to be ca~;~ed en the Emr.oveme~ts siruate on the above dcsu~F.ed prem~ses_ i C-Premiums on such rrorrgage 9ua.anty ~rwra~ ce as mo*tgagee shail frc:n t me ~o time deem f~t to carry on the loan secured hereby. ~ Alortgagee sha'1 from ti~re to c~me notif; mo:fyagor in writ~ng of the an ou~! d~e a~d payable hereundar and such w~~ shait thereupon be due and ; ; r:eble on the due dare oi ~he rext moMh:y payment and each wccessive rr:on~h fnereaftcr until mortgagee shall not.fy mortgagor of a change in sucfi ~ ount. Such sums sha:i 6e appiizd by morrgagNe sov.ard the , ayn:ent of rea! property taxes, insura~ce prem.ums, a~~d rnortgage guaranty insurance ; p~emiums. ~ IN WITNESS V~HEREOF, the sa~d MORTGAGOR has hereu~to set his ha,~d and seal the day and y~r first afwesaid. ~ Signed, Sealed and detivered in the presence of: / z Lsl~s~ ~ J!/ (c.aq H ~ + + ~i 1 n . ~ /~13e ~1 tf~ ($eaq ~ ` 3 {$eaq ~ Bet y Lou Knigh ~~a!) ~ _ ~ SiATE OF FLORIDA u. ~ COUNTY OF St . LLICl@ ( ~ Befwe me personally appeared Samuel Knight and ~ Bettv 1.011 KlllQtlt his wi~e, to me well known and known to me fo be ~ ~h: individuals described in and who execut the regoi instrument, and acknowied9ed before me that they executed the same for the purposes ~ Betty ~ou ~niy~t _ ihnrein expressed. Md the said y~ ,,~fe of the said $~L61 KI119~1t upon a separate and private :~i eramination by me taken separate and apart from her sa~d husband, acknow{edged to and before me tha~ she executed said insrrument freely and vol~o- ~r~','-,b,' rar~ly and w~thout any comp~lsion, constra~nt, apprehen~ or fear of or from her said husband. r~. da Z 1 1 A. D: 19 74 ~i WITNESS my hand and offic;al seal this_- ~ y of , - ` / ~ ~ . , ~ ~ C _ ~ Notary PubGc in and for the Stat f Florida a ar9e , My Commission eapires: ' Return To: ~ ' First Federal Savings 3 Loan Associat.on = ~ ~ • , ~ ; s Of fo~t P:e-ce. JROE~ ''r ~~iS~ C6 3~? fo~~ Pierce. Flurida f1~ED AE ~p~N1`( f~A- l j~.~~.:.~,~"'c;~ f k~~ = d fi PO~T ;a gS• a~ E~ p01~RAS RT _ • COU/ G1QCUlZ COU _ . '••A~ • ~ ~L~R ~E~~F1E0 _ ; ~ ~.rQ.; E~ORD ~,t , f _ _ This Instrument Prepared By John W. CollinsR 3 5~ y = r, r- ~k; First Federal Savings 8 loan Association ~ ~2 : - : ` ~J ~ of Fort Pierc~ ~ Flor ida ~ - ~ ' ~ : ~ ~ - ~ - . ~i:k ~ . -i ~ ~3 Checked By ,c~`~ ~ Q ~`~i .f' ~ . ~ _ /Gr(~L~.~J - '~i1h. K"' BooK2~6 Pd~1~~~3 . _ y.~'q~5+F 1 *F-_. Y J _ - _ . . . _ : 'F . - . . - ~ . . . . ~ " ~ . . ~ ~ ~ . : : . . - . . ~ . . . - - - ,