The URL can be used to link to this page

Home My WebLink About0458 3. To plac~ snd continuously kesp on tM buitdi~gs now w he~eaita ~itwN on ~aid land and on all equipmeN and personally tovered by 1hi~ ma~~ p~, with all premiums ~he•eon pa~d in tull, fir~ insurance in tM, uiual sia~dard poticy fwm, k? a t~m approved by the MORiGAGEE, ~~d w~ndi~am inswu~c~ in tM uiwl iundard pol+cy (am, (n a sum app~oved by tM MOR?GAGEE, in such comP+^Y a~o^'P+^~h MORtGAGEE may dindj ~nd all firu and wi+xbtwm i~uranot poticies o~ +ny of Hd buiWirpi, ~ny Int~tHt 1M~OU~ O~ p~rt 1hC~QO1, In tM ~pyre9a~~ sum ala~aid a in ~xttts Iher~of, ~hall contain tM uswl srandard mo~tyayN c1avH w ~ud+ othN claus~ ~3 tM Matyage~ may requir~. makinp tM Iou unde? sa~d Pol~ _ cie~, each and ~vay. paYabl~ ro sa~d MORTGAGEE as iti inlerest may appe+r, and ~ath and ~very tuch policy aMll bs promptly au:flned and delivered to rti _ •ny held by said MORiGAGEE +s fv<<ha tecurity to said matp+ye debt, and. rwt ~ess tMn ten (10) days in ~dvance oi the e:pir~tion of e+ch policy, to d~ IivN ro iaid MORTGAGEE a renewal t~ereof, lo~ttha with a raceipt for the pr~m~wn of svch renewal; a~d thsre sh~ll be no fire o~ winde~o~m insurant~ pl~ad on ~ny of said buildinps, ~ny intaesl therein o~ parl thereoF, unle~~ ie+ 1M fwm ~nd with tM losf pay+ble as afwessid; ~nd in th~ ~ven1 any sum of nan~y beca*ws p+y+bh ~n~ such Po1KV o? Po~~cies s+id MORTGAGEE shall haw Ihs op~~on ro receivs and epply the same on acca?^~ oi the indebted- neu tecured h~~tby o~ ~o pe?mi1 s~id MORTGAGORS ro receiw ~nd us~ it w any part thereof fa other purposea, w~~ho~l th_reo~ wa~~ing or ~mpai.- ;r,~ ~ny pv;ty, I;en w right unde~ or by vinue of this nw:tgaps; ~nd i11 tM /vMt N~d MORTGAGORS ihall fw ~ny reason tai) to keep the ~+id premisrs so insured, w fail to deliver promptly ~~y of uid policies of insurance to ssid MORTGAGFE, or fail promplly to paY fully any premium therefa w in ~ny ; respect f~il ro p~rfwm, discha.pe, exec~te, effed, complets, comply wi~h ~nd abids by this coven+nt, w sny part hereof, said MORTGAGEE may p~+ce ,^d psY for ~ud+ inswance w any pah thereof without waivie~g w affMinp any optia4 li~n, equ~ty, w right unda w by virtw of tl~is Matg~ge. and the full snaun~ of eath ~nd ~wry wcA Wyment shall be immediately dw a~d payabk and sM~l b~a~ intrrest from the date thereof until paid ~t ~he rate ot ' J r_~ ~t ~lL - . _ ' _ . . _ _ _ . . _ ' II~fM pN CMtUT POf afttlUm and i~yni~~ w~ii~ i:ri.~. :c.:::..,:: ::c.:u :.c'~'c_ ----~-c~~- 4. To permit, commit or suffet no waite, impairme~t a deteriwation of iaid property or +~Y W„ thereof. 5. To pay all and sirgulu the cosn, CEM7fOH a~d expenses, includiny s reasonable attorney i fee and costs of ~bstracts of title, incurred or paid at eny time by ssid MORTGAGEE, because or i~ the ~vtnt of the failurs on ~M part of tl+~ saM MORTGAGOR to dvty, promptly and fu:Iy perform, d~xharga~ execute, eifect, tomplete, tomply with and ab~de by each and every the stipulation~, syreements, condition~, +nd mwn+^n of said promissory note and lhis mcxtgape any a~ either, snd said costs, ch~rges and expenses, e~ch and every, sMll b~ immediately due ~~d p+yable: whetlxr w not there be notke da mand, attempt ro tolktt a wit ptnd~ng: +nd ~he full amount of eath and eve~y suth payment sF?~II bea. interest from the d~te thereof ~ntil p~id at the rate of ni~e per tentum per annum; aod all iaid costs, charyes and expentes incvrred or paid, together w~th suth iNeresl, shall be setv~ed by the lien of thi~ mortyag~. b. That (a) in the sven~ of any lxeach of this Mortgage w default o~ the pa~t of the MORTGAGOR, or (b) in the event ~ny of ss~d sums of nwney herein refared to be not promptly and fully paid within thirty (30) dsys neat after the same severally become due and payable, without demand or notice, or in tAe event each ~nd every ~he stipulations, sgrsements, caxlitions and covensnts of satd p~om~sso?Y note and th~i mortgage any a eitix? are not ~uly, prompdy and fully performed, discharfled, executed. eifected, completed, compf3ed with and ab~ded by, then in e~ther w any such event 1he sa~d ag greg~te sum mentaned in said promissory note then remaining unpaid. with interest accrued, and all moneys secured hereby. shall become due and pay- able fwthwith, or thereaftea, at the optio~ of said MORTGAGEE, aa fully and completely as ii all of the wid wms of rtwney were o~iginalfy st7pulatcd to be paid on svch day, anything in sa~d promissory r?ote or in this Mortgage to ths contrary ratwithstanding; and therevpon o~ thereafter at the op~~on oi said MORTGAGEE, without notice w demand, suit at law ot in equity, therefwe w thereaher begun, may be proxcWed ss if sll moneys secured hefeby had rt?~tured prior to its institution. ~z._-__.J:~:..~a ot es at any time oend'~ns anr wit upa+ this Mwtgsge, or to fweclose it, or to refwm i~, w to enfwcs payrn~nt of any claims he+eunde?, sa~d N~ORTGAGEE shall apply to the Court h+ving jurisd~ctioa ~hereoi fw the appointment ot • Receiver, suci? i.ouri snaii Forthwith sppoiM a raeiver of said mortgaged propertY a~~ u?d si~u~a?• inc~ud'^9 all and aingu~ar the income, p?ofits, issues and revenves f~om whatever source derived, each ~nd every of which, it being expressly understood, is hereby mwtgaged as ii spec~fically set fath and desaibed in the 9raNing and habendum cla~ses hereof, and such Receiver shall have all the broad and effective fu~c~~ons and power~ in anywise entrusted by a Courf to a Reteiver, and sLCh sppoi~tment shall be made by s~rch Court as an admitted equity and a matte~ of absolute rgh~ to said MORTGAGEE, and without ~eference ro the adequacy w inadeqvacy of the v~lue of the property mortgaged or ro the sorvency w insolvency of said MORTGAGOR a the defendants, and that such ren~s, profits, incane, iuues and revenues shall be applied by s~ch Receiver sccwding to the lien or equity of ssid MORTGAGEE and the practice of iuch Courf. 8. To d~ly, promptly and fully perform, diuhsrge, execute, effecf, complete, comply with and abide by each and every the stipulations, agrcements, conditions and covn?ants in w~d promissory note and this mwtgage set twth. 9. That in the event the ow~ership of the mortgaged premixs, w any part thereof, becomes vested i~ a person other than the MORTGAGOR, ths MORTGAGEE, its svccessas and au~gns, msy, without notice to the MORTGAOR, deal with such successor o? wccesso~ in interest with reference to this n;ortgsge and the debt hereby ucured i~ the ssme manner as with Mo~tgagor without in any way vitiating a d~xhargeng the Mortgsgort' liabitity herr under w upon the debt hereby setured. No sale of the premises hereby mortgsged +nd no forbearance on the part of the MORTGAGEE w its successon or ass~gns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or it: s~ccesson w su,gro, shall operote ro release, dixharge, modify charge or affect the wginal Iiability of the MORTGAGOR herein, eitFKr in whole or in psrt- 10. If is specifically agreed that time is of the essence of this contract and that no waiver oi any obligaYwn hereur~der w of the oblgation sr cured hereby shall at any time thereaher be held to be a waiver of the terms hereof a~f the instrument secu?ed herby. 11_ In add~tion to the forego:ng momhly payments of prin~ pal and in+e?est required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee w~th each monthly pay~nent an add~~ional sum estimated by mwtgagee to be equal to 1%12 of the annual cost of the follow- J ing: ( A-All real property taxes levied or assessed agai~st the above described real estate. ~ B-Premiums on fire and w~indstwm insurance as herein requ~retl to be carried on the improvements situate on the above dexribed p~emises. C-Premiums on such mortgage gwronty insurance as mortgagee shall from t~me to time deem fit to carry on the loan secured hereby. Mwtgagee shal! from time to time notify mortgagor in writ~~g of the smo~,nt due and payable hercunde~ and such sum shall thereupon be due and ~ payable on 1he due date of the next monthly payment and each successive month thereafter u~til mutgagee shall notify mortgagor of a change in such ~ i amount. Such sums shall be apptied b mortgagee toward the payment of real property taxes, insurante p?em.ums, and mortgage guaranty i~surance ~ ~ premiums. _ IN WITNESS UVHEREOF, said RTGAGOR has hereunto set his har.d and seal the day and year first afaesaid. ~ Sea! livar ' t of: ` aq . s~an . a~ Sean ~ 1~ STATE OF FLORIDA _ ~ ~ ~ Seal j COUNTY OF St. Lucie rae ~„e ~,a,auy a ared Willl~ F. Sa~paon and Baaita G. Sa~psa~ his wift• ~,a ~tosar Saspson an~ I~tolen D. Saap~on, h s w e,and Ha~rs~8~d to ~~~}a ~+o~ roA~Psc~ the i ividuals described in and who exetvted the foreyoinp instrument, and ackrwwled9ed beforo me ihat ttroY executed the same fw the p~rrposes w if ~he~ ~'d~~~ ite? G ~13f O~ M ~ . ~ • ~pon s sepa?ate and priwte e,caminatwn by me taken sepante and apart frorttfha said husba~df scknowledged to and befwe me that 1he~executed said instrument freely and volun- tarily and witlw~t my compulsion, constraint, spprehension, or fear of or fromlfi~ said husbandS• WIiNESS my Fwnd and official seal this ~ `r~ day of April - A. D. 19 74 ~,~•~A • ~ • ~ Notary Pw1ic in and fw the State of Florida_ rge My Comm.uion expires: ~ O•~-~ •'j. ~ Retum Ta ,~t'~,,i`;~`~~`'', . First Federal Savings 3 loan Association .~i • ~ Of Fort P~erce. _ ~ . ~ 'y Fort Pier<e, Florida ~ ' • : ; : ~ -~~nd'':~-j y - ~ FILEO ~9 f~E~r fU. :..rrJ , . _ ; i1- u?CIE ;ou - _ , . , . . ~ ; , : R~ k ?OITUfi - - - ~ =i ..:..~1~ . s lE~~ 4~"CU~T COflIIT ~ ; ~ O~~ ; This Instrument Prepared By~j~ H. RobeZts YE~lftEfl~~- ; ~i d.l. G~ First Federal Savings ~ Loan Association ~ 3a ~ , • ^ ` • - . of Fo~t Pierce ~ Florida ~ ~ ~ ; ; ` ' , ~ . ~ Checked By ~ - ~ 600K~+~7 PAGE 457 _ . ~ _ ~ - - - - ~ -