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Home My WebLink About0890 3. To plsc~ and continuou?ly keep on ~he buitdings now or hereaita si~ua~~ on said ~~nd and on +11 cqu~p~nent ~nd per~onally covered by this mortg- ~gs, w~th all p~emiums thercon pa~d in full, fi~e iniurance in ~he usual standerd policy form, in • sum ~pa~oved by Ih~ MORiGAGEE, and windirorm inswanc~ i~ ~M u~ual ~tandard pol~cy fam, in a sum approvad by tM MORTGAGEE, in iuch tanpany or comp~nie~ as tM MORTGAGEE may direch and alI (ire and windstorm in~urance po~~ues un any oi u~d bulld~rgi, ~ny infereil Iherein or part thercoi, in ~he s99reya~e sum afweiald a in ~xcess Ihe~eof, shall :ontain ~hs ~ival i~andard mwrgayc~ clause or such othN cfaus~ ~i tF+~ Mortyagae may ~equ~r~, makin~ ~he lou unda sa~d pol~ c~e~, each and evay, p~yab!s to said MORiGAGEE as iti interest may ~ppcar, ~nd esch and every t~ch policy ihall be promptly ~ss yned and delive~ed ro sny held by seid MO~TGAGEE as fur~her security to iaid mortgage dab~, +nd, not lesi ~han ~en (lOf days in advance oi the axp~ration of each policy, ro dr . live~ to ~sid MORTGAGEE a rerKwal thereof, logetMr with a receipl fa the prernium oi tuch renewal; and there shall be no f~~e or winds~o~m i~suronce plsced on any of said buildinys, ~ny intere~t thersin a pail thereof, unles~ in ~M (um and witF~ ~M loss payab~e as afweiaid; and in tM event any sum of money becane~ payabte v~der such potiq or polrcies iaid MORiGAGEE shall h~vs the option to receive and apply Ihe iame on accovnt o( Ihe indebted ness secured Fx~eby w ro pe~mit uid MORTGAGORS to ~eceivs and use it or any pa~t tAereof fw othcr purposes, ~v~tFwvt ih:reb~ wni~~ng or ~~~~~w~~- ing any eqvity, lien p rghf ur+der a by virtw of this mor!gage; i~d in Ihe event iaed MORTGAGORS shall for any reason fail to keep the said p?emiszs w inwrod, w(ail to delive~ prompNy any of said policies of ioaurance to said MORTGAGEE, or fail promptly to pay fully any pre~nfum ~herefw o~ in a~y respect (ail ro per(orm, discharge, exetuts, eifecl, complete, comply with and ~bids by thit covenant, w any par~ hareof, sa~d MOR7GAGEE may p1~ce and pay (a such insurance or any part thereof without waiving or affectinp any option, lien, equity, w right under or by virtw of this Mo~tgaqe, snd the full amovnt of each and ev~ry svch payment shall be immediately due +nd psyabk snd shall bear i~terest from ths ilats ~hereof until paid st the rate o1 nine per centum per annum and together with such interest shal{ be securcd by the lien of thi~ mptg~ge. 1. To permit, commit a sufFer no waste, imp~irmem or deter~oration of sa~d property or ~ny p~?t the?eof. S. To pay all and iingufu the coats, chargq snd expenxs, includ~ng a reasonable at:Nney i fee and costs of abstrattt of title, incur.ed w paid al any time by sa7d MORTGAGEE, because or in the event of the failure on the part of the said MORiGAGOR lo duly, promptly and fully perlum, dixharge, execute, effect, compicts, comply w~th and ab:de by each and every the stipulaf~oro, agreements, conditions, end mvenants o~ said promissory twte and thi~ mwtgsge any w e~ther, and sa;d costi, charyh and expenxs, each snd every, sFal1 bs immediately due end psyable; whether w not there be not~ce de mand, attcmpt to collcd o~ iuit pend~ng; and tM full amouM of each and evcry s~ch paymenl sh~ll bea~ interest from the date thcreof until paid at the rate of n;ne per ce~tum per annurn; and all said costs, charges and expenses iocurred or paid, logether w~th wch interest, ihall be setured by the lieo of thu mortys9e. b. That in the event of any breach of this Mortgage w default on the part of the MORTGAGOR, or (b) in the event ~ny of sa~d sums of money herein referred to bs ~ot promptly and fully paid within thhty (30) days next afrer the same teverally become due and payable, withou~ dtmand or nmice, or (c) in fhe event each and every the stipulatioru, agreemems, cond~tions and covenants of sa~d promiswry note and th~s mortyage any u e~ther are ~ol ~uly, promptly snd fully performed, d:uharged, ezecured, eftected, compkted, complied with and ab~ded Sy, then in either w any such avent the ~aid ag- gregate wm mentioned in ~aid promissory nore then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become d~e and pay- able forthwith, or Ihc~eafter, at the option of said MORTGAGEE, as (~Ily and completely as if all of the wid sums of money were or~ginalty stipulated to be paid on such day, anything in sa:d promissory note or in this Matgage to the contrary notwithstanding; and thereupon or thereaffer at the option of said MORTGAGEE, without norice or demand, suit at law or in equity, tF~ereto~e or thereafter begun, may be prosetuled as if all moneyt secured hereby nad maturcd pnor to its institutan. 7. That in the evcnt that at the beginning of w at any time pending any wit upon this Mortgsge, ot to foreclose it, w to reform iL or to enforce payment of any cleims he?eunder, said MOR~GAGEE shsll apply to the Court having jur~sd~c~ion thereof for the appo~ntmenf of a Receiver, such Cour~ shall forthwith appoint a receiver of said mortgaged propeAy all and singular, includ~ng al~ and singular ~he income, p~ofits, issues ~nd revenves from whatever sou~ce derived, each and every of which, it being exp~essly understood, is hereby morigaged as ~f spec~fically set for~h and dewibed i~ ~he granting and habendum clauses hereof, and such Receiver shall have all the b.oad and effective funcnons and powers in anywise entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted equity and a matte~ of absolute r~ght to sald MORTGAGEE, and w~thout reference to the adea;racy or insdequacy of the value of the p.operty mortgaged or to the so~verxy or ~nzoivency of sa~d MORiGAGOR ~ the defendants, and that such ren~s, profits, income, issues and revenues shall be applied by such Receiver accad~ng to the lien or equity o( said MORTGAGEE and the practice of such Co~rt. 8_ io dvly, promptly and fully perForm, d~scharge, e:ecute, effed, mmpfete, comply with and abide by each and every the atipulations, agreements, conditions and covenanu fn sa~d prom~ssory note and this mor~gage set forth. 9. That in the event the ownership of the morigaged premises, w any part thereof, becomes vested in a pe~wn other tha~ ihe MORTGAGOR, the MORTGAGFE, its successors and assigns, may, wi~hout notice to the MORTGAOR, deal with such successor w successor in interest with reterence to this mortgage and the debt hereby secured in the same manner as with Mo~tgagor w~thout in any way vitiating or d~stharging the Mortgagors' (isbility here- under w upon the debt hereby secured. No sale o( the premises hercby mortgaged and no forbearance on the part of the I~IORTGAGfE or its successors . or ass~gns and no extens~on of the time for the payment of the debr hereby securcd given by the N50RTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the original liability of the MORiGAGOR herein, either in who~e or in part. 10. It is spec~fically agreed that time is of the essence of this contract and lhat rro waiver of any obligation hereunder w of the obligation sc cured hereby shall at any time thereafter be held to be a waiver of fhe terms hereof w of the instr~mcnt secured herby. 11. In add~tio~ to the forego:ng monthty paymenrs oi princ'pal and interest ~eq~ired by the prom~swry no!e secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhly payment an add~:~onal sum esnmated by mortgagee to be eqval to 1 jl2 oi the annual cost of the follow- ing: ' A-All rea! property taaes levied or asseucd against thc above described real estate. i B-Prem~ums on fire and windstorm insurance as herein ?equ~red to be carried on the improveme~ri situate on the above described premises. C-Premiums on such mwtgage guaranty ir.surar,ce as mortgagee shal! (rom Nme to time deem fit to carry on the loan secured hereby. Mortgagee shail from rime to time notify mortgagor in writing of the arr.o~nt due and payable hereunder and such sum shalt thereupon be due and i Fayable on the due date of the next monthly payment and each succe:sive month thereafter ur,til mwtgagee shall notify mortgagw of a change in such 3^,ount. Such sums sha:I be applied by mwtgagee toward the payment of real peoperty taxes, insurance prem:ums, and mortgage guaranty insurance ' premiums. j IN WITNESS l1HEREOF, the uid MORTGAGOR has hereunto set his hand and seal the day and year first sforesaid. j S+gned, Seated and delivered in ths presence of: ~ ~ ~ i^~~%'LGt~I" ~~~..u--s ~ ! '-7~ Seal) i - - ~ ~ - (Sesl) ~ G-tf-t/f (sean I - , L- t,~/~ t.~, j ~Seal) i ~ f S7ATE OF FIORIDA ( € CotiNTY OF St . LUC1@ ~ ~ Davis ~ ee(ore me perwnally appear Fred L. g~ and _ J11Sc1I1 . dVl S his wife, to me well known and known fo rrK to be ~ the individusls described in and who executed the foregang instrument, and acknowledged befwe me that they executed the same for the purposea ~ therein expresud. And the said S11S a.il A. ~aV 1 S ~v~~e of the said ~dV1S ~ Fred L. • upon a sepa.ate a~d private t eKaminatlon by me taicen separate and apart from her said husband, adcnowledged to snd before me that she e:ecuted said instrument freely and volun- g ra: ~Iy and without any compulsion, constreint, apprehens~on, or fear of or from htr ssid husband. ~ WITNESS my hand and oHicial seal thi: 7th o{ Februar A. D. 19 75 ~ , 1 ` UC~E COUMTI? fU. ~ c.-LL~o ~ ~~CE(~ PaITR Notary Public in y~" for the 5tate of florida at larye ~ CLERK CIRCUIT COURt ~ " RECORL'MfR~FI~~~~ My Commiuion,Expires: ~ ~ Retum To: ~ First Federal Savings b loan Associatlon C~~ ~O + ; Of Fort P:erce. ~ 3 ~s PH ` ' ~ c~•~~ ~r c~~''''S ~2 !~!.`?iE Fort V~erce. Florida - . ` . ._S ! 1. I'i77 ' V~ ~ I - . . :,._,.:.:~ke c:o, _ ,,t~,. :~~t11.'li/! • { • O`~~S J r~~/ =rt This Instrument Prepared By Richard K. Kayes '~r ~ First Federal Savi~ s 8~ loan A~c iati q ~ ' of Fort Pierce ~ h loriCla ~ ~ ` ~ V ;..~s ~ . _ ~ . " CQ t~-~ 4 I;-c ~ ~ ~ . ' Checked By = ~ • p ~ ej . ; r;: ~ _o:g ~ - :5 di , Q . - . as u x ~ ~ ,~1 a1'P.'~E~' BD(11(~ '~''An.:~.,~.~' ~ - - - - x.y~ . - <