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Home My WebLink About2494 ~ To plxe and con~~nvously keep on the bu~ld~ngs now w Mre~i~a ~itust~ on ~aid land snd on all equipment and pasonally covercd by thts mor~q- ~g~, with dl pr~miums thereon pa~d in lull, fire i~su~a~ce in tM usual standard po~~cy form, in + ium ap{xov~d by ~hs MORiGAGEE, a~d w~~ds~o«++ , ;n~u?~~c~ ie fM uswl ~tandar d p o l+clr fam, in a sum ap~xoved by ~M MORTGAGEE, ln tuch comp+nY or con+pan~et +s 1f+~ MORTGAGEE m+Y directj u~d all ('u~ and w~ndsrorm insuranc~ policisi on +~y of iaid build~rps. +ny int~re~t theroin a ps~t theroof, in tM sqyre9s~e ium atae~a~d a In ~xces~ IMreof, sFuil con~ain tM usual standard maiyayas clause a such other claus~ ~s ~M 1Naf9a9e~ may requ~re. malinp tM lots under ~s~d polf ctei, each ~~d every, p~Yabl~ io se~d MORTGAGEf +s i~s in~erest may +ppear, and each and every ~uch poliq ihall be p~a*~pt~Y ~ss.9^ed +^d delive~ed ~o ~ any heW by said MORTGAGEE +e fw~her securiry to sa~d mw~p+fl~ debt, ~nd. not leu ~M~ ta? (10) d+ys in ~dvancs of ~he expirat~on oi each po!icy. to dr IivN to Wid MORTGAGEE • rMewal Ihereof, tope~Mr wirh a reteipt fw IM pranium o( a~ch renswal; and thar~ ~hsll be ~o iirs o~ wind~~o~m in~urai+c~ ~ plet~d on ~ny oi said buildinps. any inlertst thtrain w part thercof, untess in tFM form and wi1A tM lou paYabl~ as aiorstaid: u+d in 1M evtnt any ium ~ of mawy becomes payable unda such policy or polic:es iaid MORTGAGEE shall havs ~hs op~wn 1o receiw a~d apply tM iame on accov~t of ~he indNb~ed- ~ ness tecured he+eby w ro pe?mit sa7d MORTGAGORS to receive ~nd usa it p any pert thereof lor other purpaset, without th:rru/ wa~Yi~~~ o~ u~~pa~~• inq any equ~ty, tien or rght under oc by virtw of this mo:spaq~; ~nd in tM ~vcnt ~afd MORTGAGORS shall fw a~y ~e+son fail to kesp the said prcmiirs so 1 insu~ed, w fsil ro deliver promplly snY of said policies of in~uranc~ to ssid MORTGAGEE, or faif promptlY to p+y fully any prem,um therefw aue snd 4 ~espad fail W pa(wm, discharge, ~:ecute, eifed, complete, comp~y wirh snd ~bide by thi~ covensnl, o~ +ny parl hereof, said MORTGAGEE may p , pay for tuch int~rants w any part thtreof without w~ivin~ or affadinp any option, li~n, pvity. or right under or by virtw of this Ma~gaye. •nd tht i i:,ii amouM of each u~d ev~ry wch paymeM sMll be immediately dw a~d payable ~nd shall besr intsrest from 1hs date the~eof u~til paid +t IM ra~~ ot nine p~+ tentum per ~nnum together with tuth iNerest sl?all be secUred 6y 1M-lien of thif morty~ye• To permit, commit w su(fer no waste, impairment or deteriors!an of sa~d p?operry w+~Y Pa~ ~~~~f• 5. To p+y al! and sinqular the costs, charges snd expaues, including a reasonable attwney i fee snd costs of abstr,cts o~ fu i~ ~"~'~m, dwcharge. any timc by sa~d MORTGAGEE, because a in the event of the failura on the pa?~ of 1M said MORTGAGOR to duly, pranP Y Y PQ' e¦ecut~, eifect, compkt~, comp~y with and ~bide by each and every the stipulat~ons, a~reements, corw~tions, +nd covenants of said promiswry note and this mortgage any o? either. and aaid cosb, charges and mepensea, e~c.h and wery, ihaH bs immedistely due and paysble: whether or not there be no~ics da mand, attempt to collect or suil pending; snd the (ull arnounl of each and every svth payment shall bea~ imerest from ths date thereof un~il p~id at the ra~e of nine per centum per amium; and all said tosts, char~es and expenses i:xurred or pa~d, together w~th ~uch interest, thall be secured by the lien of thi~ mortyaps. 4. That (a) in the ew~t of sny bresch of thi~ Mortga~e w default on the psrt of the MORTGAGOR, or (b) in the evenl any oF ss~d surru of money heeein refe~red to be not promptly ~nd fully paid within thirty (30) days next after ~he sen+t severatly become due and payable, witFwW de~*nand o~ not~c~e, or (cJ in the event each and every the stipulations, ag~eemeNS, conditions and covenants of said promisswy note ano ~nis m«ie:go a~~r w~~• - i~sly. promptty and futly per(wmed, d~xharged. executed, effected, completed, complied wi~h and abided Sy, then in either or any such eveM tla seid ag gregate sum mentaned in said promisswy note the~ remainirq unpaid, with iMerest aarued, end all monsys secured hereby, shall become dw and pay- ab!e fwthwith, a thereafte~, at the opt~on of said MORTGAGEE, a~ fully ~nd comp~etely u if all of the said s~ms of money were w~ginally st~puia~ed to be pa~d on such day, anything in said p~om~ssory note or in this Mortgagc to the cwv.ary notwithstsnding; and lhereupon w lhereafter at the op~~or+ of said MORTGAGEE, w~~hou1 notite o~ demand• suit st law w in equity, therefore a tF?creatter begun, may be proxcuted as if all moneys secured hereby , had maWrtd pnot t0 its imlitutiOn. ~ 7. That in the event that at the begi~ning of or at any time panding any s~it upon this Mortgagr, or to foreclas= it, w to refwn it, or to enface ~ paymeot of any cla~ms hcrcunder, said MORTGAGEE shall apply to the Court having jwfsd~ction ~he~eoi tor the appo~ntmeM of s Receiver, wch Cou?t sha~l 3 forthwith appoint s reteiver of said matgaged property all end :irgula~, includ~~g a~d singular the incortee, profits, iuues and revenues (~om whatever source derived, each a~d every of which, it b~+w-}-s:pcess~y unders~ood, is hereby mor?gaged at if speufiully set fath and destribed in ~he 9ranting and habendum dauses hereoi, and such Receivgr shail have atl the broad and eifective funct:ons and powers in anywise entrusted by a Court to a Receiver, and such appointmcnt shall be made by such Cour1 as an admined equity and s mane~ of sbsolute ~ight to taid MORTGAGEE. +~d witiwot referente to the adequacy w inadequaty of the value of the p~operty mwtgaged or to the soNency or inso~vency of said MORiGAGOR w the defendants, ared that such renn, profits, income, issues and ?evenues t1w11 be applied by such Receiver according to the lien w pvity of said MORTGAGEE and the practice of such Court. 8_ To duly, promptly and fully pertorm, discharge, execute, effect, complete, comp~y with and abide by each and every tlx stipulations, agreemenls, conditions and covenants in sa~d promiasory note and th:s mwtgage ut fwth. 9. That in the event the ownership of the mwtgsged premises, w any part thereof, becomes vested in a person other than the MORTGAGOR, the h10R1GAGEE, its successors and ass~gns, msy, without notice to the MORTGAOR, deal wifA such successw ot succeasor in inlerest with reference to thi~ ~nertgage and the debt hereby secured in the same manner as with Mortgagu without in any way vitiating or discharging t?ro /V1orlgagors' (iability he~e- u~de~ w upon the debt hereby secured_ No w1e of the premises hereby mo~~gaged and no fwbearance o~ the p+rt ef ~he MORTGAGEE a its successon or assig~s and no extension of the time for the payment of the debt hereby sccured given by the NIORiGAGEE or its successors w au~g~, slull operate io release, dncharge, modify change or aflect the origina~ liab~lity of the MORTGAGOR hereio, either in whole or in part. ~ 10. It is spedficaliy agreed that time is of the esse~ce of this contrsct and tha~ no waiver oi any obligatan hereunder a of the obligatan ~r ? wred hereby shall at any time thereafter 6e hEld to be a waiver of the -terms hereof o~ 01 1he ~~strument secured herbY• ~ 11. In add.tio~ to the iwego:ng monthly paym~nts of prin~ pal and interest required by ~F~e promissory note setured hereby, mwigagor covenanis ~ and agrees to pay to mongagee with each monthly payrnent an add~rional s~m est~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: ~ ' A-All real property taxes levied or assessed against thc above desaibed resl estate: I B-Prem~ums on fire and wi~storm insurar.ce as herein requ~red to be wrried on the improvements sitvate on the above dascribed premises. ~ C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from t~me to time deem fit to carry on the ban secured hereby. ~ Mortgager sfiall from time to time notify mortyagor i~ wr;ti~g of the amou~t due and payabk hrreunde~ ~~d such wm shall thereupon be dve and ~ payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortgagor of a change in such ~ ~~~~o~nt. Such sums shall be applied by mortgagee towa~d the payrtseM of real property taxes, insursnce prem:ums, and mwtgage guaranty inavrarxe ~ p~emiums. Y IN WITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and yea: SE::t ~f.^:r-~~'! Signa! !ed and delivered in the prese of: ~ - s~ Seaq - ~~an ~Seaq ~ STATE OF FLORIDA couNtY oF ~t i_LCie i ~ ~ Before me personally appearcd ~Yd H. DdWS011 - °^d ~ Janet fi. Dawson his w7fe, to me well known ~ k~own to me to be ~ the individwls described in and who executed the fwegoing instrumer+t, and acknowledged before me that they exe~uted~t~iq,~ tor, the pvrposes . . ~~.Ya°~ ~ ~ therein expressed. Aod the said lanet F Daw~on ;..----•r - ; w~fe of the said BQy/C~ H Dawson ye ~nd private ~ examinat~on by me taken separate and apart from her said husband, stknowledged to and before rt?e that she exetu!lct~~~~~a~~~!`and volun- ra•ily and w~thout any compulsan, constraint, apprchension, w fear of w from her said husband. . WITNE55 my hand and official ual thi: 13th day of Au uSt ' ~-~4'M 6.~19 74 + NOT Y,i'~B~ F~orida at Large. ~ ~~~6~ ~R t~ J~A.9ti• Mv Cdtnrc~i:4inn~~~ t~ ~,~77 ~E, Notary Publ'~c in andBltlW : ~ ; . • ~ My Commissiw~ e~cpires: r, ; - ,!j Return To: ~~H ~ ~ p ~ , ~ first Federal Savings 3 loan Association ~ Of Fort P~erce. ~ Fort Pierce, Florida r,._ r~c~;;hDEO FI~~J, ~ ~UhRAS~A ~s ST.IU•,' . , Fc~.•' ~ aT This Instrument Prepared By Richard K. K~?yes ~ Cl`:.,~f... C~~ ~ First Federal Savings ~ Loan Association a~~"'~- ' ~ of Fort Pierce , Florida A~ i~ '3 531 H~~~ Checked By ~ BOOK~O PACE(.4~ . - ~1 . . - - ~ . ' ~ ~ ~ ~ ~_..r~,..e~~~ _ ~ ~