The URL can be used to link to this page

Home My WebLink About0570 3. To place and continuously kee~ on the bui'd~ngs now or hereafier ~~tuate on sald land and on ali eq~ipmrnt and perso~aily covered by this mor~g- ags, w~th all premiums thzreon pald in full, fire insurance in the usua: sta~~3rd pol~cy form, i~ s sum approved by the h10RtvAGEE, and windito~m ~nsuronte in Ihe uwal ~Iandard pol;cy form, in a wm approvrd 6y the h10RTGAGEE, in such company ot companies at ~he IAORTGAGEE may direcl; and all fi~e and w~ndstorm insurance po:icies on any of sa~d build~~gs, any inte~est therein o~ pa~t thereof, in Ihe agg~egare sum aforesa~d or in excess thereoi, shatl ~ontain she usual standard mo:tgaqea cla~se or such other cfauss as the Mo~tgagee may requ~re, maMing ~he loss unJe~ sa~d poli- cies, each and every, pay~ble to said h10RTGAGEE as ~rs interest may appear, and each and every such poticy shall be prompNy a~s gned and deiivcred ~o eny held by said MORiGAGEE as iurther secur~ty to said mortgage debt, and, not less than ten (10) daye in advance of the expiration of each policy, to dr livtr to said MORiGAGEE a renewal thereof, ~ogNher wi~h a receept fo~ the premium of wch rcnewal; a~d thero shall be no (~re or w~~~ds~urm insurance placed on any of sa~d buildings, any intereal therain or part thereof, unless in the (orm and with the lo:s payable as afwesa~d; and in the event any sum of money becomes payable under such polity or poGc:as said MORIGAGEE shall have the option to receive ~nd apply the same on accouot of ~he indrbted- n.ss sew~td hereby or ro perm~t said MORTGAGORS to receive and use it a any pa~t thervof for o~hrr puiposes, v.~~hout ih_~~or w.:~.in3 or u,~p~ir- ~ng any equ~ty, li~n w right under or by virrue of this mortgage; and in Ihe event ~a~d MORTGAGORS shall fo~ any reason fa71 to keep the said pre~nisas so insured, or fai) to detiver prumptly any of said policies o( insura~ce to said MORiGAGEE, or fail promptly to pay fully any pre~nium therefor or in a~y ~e~ped fail to perform, discharge, execute, eflect, complete, comply wirh and abide by thls tovenant, w any part hr~eof, said MORTGAGEE may piace and pay fw such insurance or e~y part thereof without waiving w affecting any option, lien, equity, or ~~ght under or by virtue of ~his Mwtgage, and the full amount of eath and every such payment sha~l be immediately due and payable and shall bear interest from the date th~reo( until pa~d at the rate ol n~ne per ce~rum per annum and to~ethe~ with such interes~ shall be secured by ~he lien of this mortgage. ~ 1. To permit, commit or suf(er no waste, impairment or deteriotat:on of said property or any part thereof. 5. To pay all and singular Ihe costs, charges and expenses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any Iime by said MORTGAG:E, because or in the event of ~he fa~ture on the part of the said MORTGAGOR ~o d~ty, promptly a~d fully perform, d:scharge. >,cecute, efiect, comptete, comply w~th and ab:de by each and every the stipufarons, agreements, conditions, and covenants of said prami;sory note a.^d this .~,ortgage any or either, and sa~d costs, cha~ges and expenses, each and e~ery, shatl be immediately due and payabie; whether or not there be not~ce de n~and, atte~npt to coliect w suit pending; and the (ull amount of each and every such payment shall bear interest from the date ~hereof until paid at the ..,!e o! ~ine per centum per an:~u:n; ond ail said costs, cl~arges and expenses incurred or paid, together w~th such interest, shall be secured by the lien ei th~s mortgage. ~ b. That (a) in the event of any breach of this Mortgage or default on the pa~t of the MORTGAGOR, or (b) in the event any oi sa:d sums oi mo~ey herein ~eferred to be not pro~nptly and fufly paid within Ih~rty (30) days next after the same severally become due and payable, wi~hout demand or notice, or (c) in the event each and every the stipu;anons, agreements, conditions and cove~ants of sa:d promissory note and th~s mortgage any or eirher are not ~uly, promptly and futly pe~formed, d~scharged, executed, effected, comoleted, compl~ed w~th and ab~ded ~iy, then in either or s~y such event the sa~d ag~ gregate sum mentioned in sa~d promissory rrote•then remaining unpa~d, with inierest accrued, and al~ moneya secured hereby, shall becume due and pay ab:e forthwith, or tF.ereafter, at the opt~on of safd MORTGAGEE, as fu~ly and comple+ely as if atl of the sa~d sums oi money were wg~natly st~pu:ated - ro be pa~d on such day, anything in sa:d promissory note or in this Mortgage to the contrary notwithstanding; and Ihe~eupon or thereaf!er at the option of se~d MORTGAGEE, without nonce or demand, suit at law or in equ~ty, therefore o~ thereafter begun, may be prosecuted as if all moneys secured hereby n~d mawred pnor to its institut~on. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, w to foreclose it, or to reform it, or to enforce ~aymeM of any tlaims hereunde~, said MORTGAGEE shafi appty to the Court having ~~risd:ctEon thereof for the appointment of a Receiver, such Cov:t shail forrhwith appoint a receiver of scid mortgaged property ali and singuiar, inciud~ng aii and s~nguiar the income, p~ofds, issues and revenves from whatever s.-~_~~ce deri~ed, each and every of whrch, it brmg expressly undersrQOd, is hereby morrgaged as if speuficatty set forth and descnbed in the granting and n.,bendvm dauses hereof, and wch Receiver shall have aIl the brcad and effec~~ve funct,ons and powers in anywise emrusted by a Cou~t to a Receiver, a~~d s. _h appoinlment shal! be made by such Court as an admitred equiry and a matter of abso!ute r~ght to said MORiGAGEi, and withovt reference to the a~: ~q~acy o~ inadequa.y oi thz value of the p~operty morrgaged or to the so.vrncy or insoivency of said MORTGAGOR or the tiefendants, and that such ~,rs, profits, incorne, issues and revenues shall be applied by such Recrive~ accord~ng to the iien or equity of said MORTGAGEE and the practice of such Court. 8. To d~ly, promptty and fully pertorm, discharge, exec~te, effect, complete, compty with and abide by each and every the stiputations, agreements, cor.ditions and covenants ~n smd promissory ~ote and this mortgage set forth. ~ , 9. That in the evenr rhe ownersh~p of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the :'~RT(;AGEF, its successors and ass~gns, may, wiihout notice to rhe MORTGAOR, deal with wch sutc~ssor or successw in iMerest with reference to this ^ e~rgage and the drbt hereby sec~red in the same manner as with Morrgagor without in any way vi?~ati~g or discharging the Mortgagori lianitity here- der or upon the debt hareby secured. No sale of the p~emises hereby mortgaged and no forbearance on the part of the ~~AORTGAGEE or its s~ccessora o~ ass+gns and no extens~on ot the time ior rhe payment of the deb~ h~reby sec~red given by ~he MORTGAGEE or its svccessors or ass~gns, ahati operate ro release, d:scharge, modify change or affecr th. orig~nal liab;l:ty of the MORTGAGOR here~n, either in whole or i~ part. . 10. It is spec~4icaliy ag.eed that time is of the easence of rhis contrar. and that no waiver of any obtigat~on hereunder or of the obligation se- cured hereby shal~ at any time thereafrer be hetd to be a waiver of the terms hereof or ot the instrument secured he~by. i l. In ad3 tio~ to the forego ng month?y paym=MS of princ'pa! and intrrest required by the prom~ssory no~e secured hereb~/, mortgagar covenants ~~.d agr.es to pay to mortyagee wirh each momhiy pa~rnent an add~r:onal wm ~r~n,ated by mortgagee to be equal to 1:' 12 of the annual cost of the follow- - ' A-Ali real propertr taxes levied or azsessed ay^ainst thc a6ove descri4~ d r~al estate. ~ B-Prrm~ums on 11re and w~~dstorm insvrance as here~n requ~red to be carried en the ~mproverne~h s~tuate on the above descr~bed prem~:es. C-Premi~:.~s on such murtg;ge gua.anty ir,sura.~ce as mcr,gagee ;hail frcm t;me to time deem fit to carry on the loan secured hereby. ~ Mortgagee stia!! from time to r~me ncrify mo~ryagor in wrltmg of the amou~t due and payabte hereunder and such sum shafl thereupon be due and ~ 3yable on the due date of the next monthly payment and each successive month rhereafter urtil mortgagee shall notify mortgagor of a change in such ,~unt_ Such s~ms s4~~:i be app!i_-d by mortgagee to•+~ard the payment of rea! property taxes, insurance prem~~ms, and mortgage gaaranty insurance - ~^nium2. ~ ' IN VlITNESS WHER~OF, the said MORTGAGOR has hereunto set hEs hand and seal the day and year first aforesaid. { Signed, Sealed and delivered in the presence of: ~ i• ' ' r F~~EO aNC a~c,o~o~o ~ i ~'1 /~~l~Lc'-~~c_ ' `-r ~(Seaq ~ 4 ~ ~ ~;-r ~ ~ ~ ~ 57.1UC1E ~~OUNTY FLA. ~ ~ ~ ~ , T--~' .T RGC~R ?O1tRA~ (Seap ~ " y ' CIE~:X ~-:~':G~~7 COURT (Seal) _ c_rc-~r( "~~<,~~'_i afr~F:' YrF'"~~D (Seaq w 4 - i . ~ S~F,TE OF FLORIDA , 1~~4 I I S~ nM' ~O~~sV ~ ~ JUNTY OF yL . Luc ie ~ ~ Marion Juanita Godwin a/k/a Juanita Godwin e Before me personally appeared > > a S1flC~ e adu t to me well known and knovirn to me to be ~ ~ne individual destri6ed in and who executed the for oin instrument, and acknow{ ~ eg g edged before me that ,~e executed the same for the purposes ~ rherein expressed. Xr~Y7Q~CX~f~K_ ~x+~f~ ~~~S~~~k~x m xx~ax~xacx~or~cxac~x~cx~ix~x~c~s~c~cxa~G~x ~x~cx~c~n,u~x~cx~tu~xx,~c3t~c~6xacx xae~cx.~x~aea~~ea~xaa~cx~x~e c~~~,~C~xao~x~~~ WITNESS my hand and official seal this r"~ day of - t - A. D. 1975 ~ ~ L' ~ 1L- Notary Publfc in arid for tht State of Fiorida at Large My Commission ~xpires: " Retum io: = first Federal Savings 3 loan Associat:on Of Fprt P:erte. - - fort Pterce. Florid3 :~'S . . . . ' • ' . - . ' . This Instrument Prepared By RiChald K. Kayes • • ' First Federal Savings 8~ loan Association ~ : `l . of Fort Pierce , Florida = ~'''s' : ! _ _ . ` y Checked By`~ ~ ~ ~ ~ J• ~ . . ~ ° ~~7 ~g . _ _ g~ ~f ' . . - S ;!;1'~- . - : - _ _ ' -