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Home My WebLink About0298 i To pl~c~ ind contin~ou~ly k~ep on 1M bui!dings now w hereaft~r iituat~ on iaid land and o~ all equipmtnt r.~d pt~wnally tovsrtd by thi~ mort¢ ~gs, wi~h +11 premiums thereon p+~d in full, tire i~surance in ~he ~sual standard polity fam, i~ a swr. appro~.d b~ tM MORiGAGEE, ar+d windstorm insuranc~ i~ tM uswl ~tanda~d pol~cy fam, in a sum ~pproved by 1M MORTGAGEE, in s~ch tompany w tomp+~~es as iM MORTGAGEE n+ay directJ ~nd al~ fin and winds~orm ir.s~rancs po~kies on any of said build~~ps, a~y infe~est tF+sr~in w part 1h~r~of, in IM a~regate ~um ~~a~s+id c? in ~xcess thereof, thall contain ths usual itandard mw~gages clavss a such o1ha~ clauss as th~ N1wlpayN maY reqvir~, rtwkinp tM lots under sa~d poli~ ue~, each ~nd evtry, paYabl~ ro said MORTGAGEE as iti interrst may ~p{xar, and each and ~vay svch policy shall b~ p~omp~~Y +~s•9^ed ~"d de~'YQ~ed to eny held by said MORiGAGEE ~s further secu~iry to iaid mor~yage debt, and, not less thao Ien (10) days in sdvanu o( the expir~tion of each polity, to dr liver to seid MORTGAGEE ~ rcnewal therao(, togethr~ with a receipt fot the premi~m oi suth renewal; and Ihere shall be no fire o~ wi~ds~o~m inwrant~ plac~d on ~ny of taid buildings, ~~y inlerest therein or p~~1 thereof, unlesi in the fonn and with the lou payabte +s af«euid; ~~+d in the event +ny sum of money becoma payable vnder tuch policy o~ policies wid MORTGAGEE shall have tM opl~on to receive and apply 1M i+me on account of tM ind~bted ness secured hereby a ro permit said MORTGAGORS to receive +~d use it a any pa.~ ~hereof for otF.er purFwses, w~thou~ ?h.reb~ v.a~~i~~g o+ ~mpair- ~ny equity, lie~ a right undar w by virtve oi thii mo+rgaye; snd in the event sa~d MORTGAGORS shall for any reason fail to keep the s+id p~emius w~,~~ insured, or fail to deliver promptly any of said policies of insurarxe to said MORTGAGEE, a(ail promptly to pay fully sny p~e+~~um therafw a in ~y respect fail ro pertwm, diuharge, eaecute, e1fM, complrte, comply with and abide by this covenan~, w any part Ixreof, said MORTGAGEE may pl~ce ~nd 'j~ pay (o~ ~uch insurancs w any parf thereof without waiving a affectiny a~y op~+or+. ~+en. equ~ty, or righf unde~ a by virtue of. thii Mortgage, and 1M full amounl of esch and every such paymeM shall be immediately due and payable and shalt besr io?ere:t from Ihs date thereOf u~til paid a1 the rate o1 nine pei :entum per annum and to~ether with such interest shalt be seccred by the lien of this mortgage. 1. To permit, oommit or suffer no waste, impa~rmenl ot detaiioration of uid property or any parf thereof, 5. To pay all a~d singular the costs, cMrget and expenaes, incivd~ng s~eesa~ebie attorney's fee and oosts o4 abstracts of titl~, inc~xred or p~id at 3ny time by said MORTGAGEE, because w in ~he event of the failure on ~he Par~ ei the said MORTGAGOR to duly, promptly ~nd futly per(am, diuhargR ~,ecute, efled, comptete, comply with and ab:de by each and every the stipvla~~ons, agreements, conditiwu, and covenants of said praniswry oote +nd thii nwrrgage any or either, ar.d u~d costa, charges and exFenses, each end eve+y, shall be ~mmediately due and payabte; whethe~ w not there be no~ita de mand, attempt ro coilect o~ suit penJing; and the full amo~nt of each and evc~y such payment ihsll bear intere~l from 1M date the~eof until paid ~t the r; ~e uf nine per cantum per annum; and a11 said costs, cnarges and expenses +nc~rted or paid, together w~th such interesl, ahall b~ secured by the lien of thi~ mortgagO. 6. That (a) in the event of any breach of thi~ Mwtgage or detau!~ a+ the part of the MORTGAGOR, or (b) in ~he event any of said sums of money herein referred to be ~ot promplly and fully paid within thi~ly (30) days next aEte~ ~he sa~m severa7ly betome due sod pay~We. wi11wu1 dema~d o? notite, ~r (c) in the event each and every the stip~t~tions, agreements, cond~t~o~s and cave~ams of sa~d promissory note and th~~ mortysge any w e~ther a?t ~ol iu;y, promptly and (ully performed, d~scharged, executed, etfected, canp~eted, compi:ed with and abided Sy, then in ei1}xr o~ aoy such eveM ths ia~d ag ~regate sum mentio~ed in said promissory no?e the;n remainiog unpaid, with intererf acoued, and all moneys setured F?ereby, thall become due and psy- ab:e io~thwith, w thereaiter, at tF+e option of said ASORTGAGEE, as fully and compketely as ii all of lix said wms of money were wigina~~y stipul~ted to be pa;d on such day, anything in sa d prom~sswy ~ote or in this Mwtgaqe ro the contrary notwithstanding; and thereupon a thereafter al the option of sa:d ~AORSGAGEE, without notice o~ demand, suit at :aw w in equity, thereFwe or thereaiter begun, msy be (xosecuted as if all ma~tys satured heteby n~d mat~fid pr~W t0 ~t3 inititution. 7. That in the evenl t~~at at tFw heginn:ng of or at any time pending any s~~t upon this Mortgsge, or fo fpetlose it, or fo refo~m if, w fo Mfwce c.:vn:eN of any claims hereunder, said MURTGAGFt shail apply ro the Cour~ hav~ny ~u~~sd~ttion thereof for 1ht appoinfmMt of ~ Receiver, wth Court shall tc•ei,r,ith appo~m a receiver o( sa~d mortgaged preperty all a:rj si:~guia?, includ:ng aii and singular the income, profits, isures snd revenues from whatever s•.i,•ce derivrd, eacn and every o4 wh:ch, it be~tK~ ! a~rf•S51j unde~steod, is hereby morrgagt•' •3 if specifically sel fwth and deKribed in the ~rsnting ai+d !,~L~r.dom c.auses hereof, and such Rece~ve: shall h~ve ail the brcad and afiect~ve fucr.ons and powers in anyw~se entrusted by a Co~rrt to a Reteiver, ind s, ch appoinrment shail be made by svch Ccurt as an ad~niited eqvny and a n:atter of absofute right ro ssid MORTGAGEE, and withoW referente to the ad>qv;cy or inadequacy of the vaiue of the p~o~.~ert~ mongaged or to tF.e so,ve::cy or ~nsolve~xy o1 sa~d MORTGAGOR or the defend:.nts, and thst such r~~~!s, profits, income, issues and revenues shall Le appGed 6y such Recciver ac:ord~:ig to the lien w equity of said MORTGAGEE and the practice of suth CouA. . 8. To du!y, promptly and fully perform, discharge, execute, effect, complete, tomply with and ab'~de by each and every fhe sfipulations, sgreert?ents, ;~r.ditions snd tovenants in sa~d promissory note and this morfgage xt forth. ' 9. That in the event tne ownership of the mortgaged ~remises, or any part thereof, becomes vesfed t~ + person ozher th~~ the MORTGAGOR, ths ' ti' ^RTGAGEE, i~s auccesson and assigns, may, wirhout notice to the MO~TGACR, deal with such sutceuw a wccessot ie interest with reference to this o•+gage and tix dwot hereby sec~red io tl-e same manner as with Nb~tgagor w~thout in any way vitiating ot diuhargirg the Mortgagors' liability htre- ~-.der o. upa+ the debt h=reby securcd. Ato sa~e of the Fremrses hereby moiigaged and no forbearanee on the part of the MORTGAGEE w ib suecesson er ass~gns and no extension of the time fw the paymem of the debt hereby secured g~ven by the MORTGAGEE or its wccessors or assigns, sfiatl operate ro re?ease, d~scharge, modify change or affect the o-ig~naF liabilny of the M.OR7GAGOR Furein, either in whole or in parf. 10. It is speufically agreed that time is of the essence of this conrract and tnat no waiver of any obligation hereunder or of the obliyation se- cured hereby ahalt at any time thereaher be he:d to be a waiver of the terms hereoi or of the instrumeM secured herby. 11, in add.tio~ to the forego:ng ~non~hty paym^nts of p~irCpal and intercst requ~red by the promiuory rate secured hereby, morigsgor tovenants ,•~d agrees to pay ro:no~tgagee wi+h e•3ch mc^th~y pay+~:e~~t an add~r,ona! sum et!~~~a~ed by mortgagee fo be equal to 1l~12 of the annual cost of tFro follow- w A-All real property taxes levied or asseueci aya~~st the acove des;~~bed r~al estate. B-Pre:r.:vms on fire and v,indstorm msurar.ce es nere~n req~~red ~o be carned on the improveme~ts situate on the above destribed premises. C-Premiums on such mortgage gua~anty ir.surar,ce as mortgayee shail frcm tme to time deem fit to tarry on the loan secured hereby. I Mortgagee sha:l from timr to ti+r.e net;fy m~+rgagor ~n w~irv~g of tha a~::ount due and payable hereunder and such sum sfiall thereupon be due and ~ •:b!e on the due daie of the next monthiy payment and eac1~ success~ve month thereafter un1i~ mortgagee shall notify mortgagor of a ehange in such e~nt. Such sums sF:~E be apE~tiec~ by morrgagre tov:ard the payment of real property taxes, insurance p?em.ums, and' mortgage guaranty insurarxe ~•c'T'uTS. 1 Y~tTN WHER F, the id Gl+GOR has hereu~to set his hand and seal the day and year firsf sioresaid. Sg af d 'vered he sence of: •n . ~ _ t3 • ~ - , ~ 5'~TE OF FLORIDA ~ ~ St. Lucie u• COUNTY OF e~ro.~ ~.s«~any apPeared Steph@fl C. Saaple and Trula M. Sa~ple, his wife ,r,a Gu5 W. Lennazd and Ma=tha B. L.ennaYd his wife, to me well known and krawn to me to be rne individusls desuibed in and who eaecuted She foregang inztrument, and acknowledged before me thal they executed the same fw tFa purposes t~_-z~~ expressed. And the sa~ Trula M. Saa~ple wife of Stephen C. Sample and Martha B. Lennard ;:,r~ of rr,e sa~a Gus W. Lellnard vpon . seps.,t..nd priv.» . ~m~natio~ by me taken separate and apart from'tf~r said husbandb acknowledged to and befors me that the exec~ted said instrumenf freely and volurr ~uly and w'thout any compulsion, constraint, apprehension, or fear of w frortr/~ said lwsbanc~. ~ WITNESS my hand and offiual seal this-~_ day of ~y . A. O. 19 7'a ~ _ Notary Public in ~nd fw the te~pf F{~~!a~t larpe • My Comrniuion expires: ' 1 ~3U~7C Return To: ``~~~1~:":•~;ii~~ ~ F:rst Federal Savings 3 loan Associat;on Of fort P:erce. : ~ ~`~:r~~i~~ Fort Pierce. Florida ~ ~rD '~-j ~•••~~~i ~~R P~;W ~ _'.~~-~~~~_~8" ~ ~ : ~ ~ .e~ ~ . au ~ i • ~ -}M:l. `~nt \ ~ ' ~ j •`IG~ALp#RKy ~CIRC11Ifi~ pMf ~ _ . RLVVn~~Fn;~Y~ ' 3',k~Y~ilC.O~~.~ ~ ~ = ~ • O • This Instrument Prepared By J. H. Roberts JZ. i( ~d~~,0 ~ First Federal Savings & Loan Association ~ ` 9 ~ ~ %~'C~'••~ a of Fort Pierce ~ Flor ida ~ • t>•, ~ O~~ /~V~WO •.J J ~ .'r • ~t~~ttltltl~+~~~~ Checked By ~ . . • t : ~ ~OOK ~ / PAGE 29/ , . ~ - d z _ - . . _ °~:;r -