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Home My WebLink About1483 3. To place and conti~uousiy kcep on the bui:d~ngs now e~ he~eaftsr sifuete on s~~d land and on all equipment and per+onally covered by this mo~tg- ag~, wi~h all premium~ thercon pa~d ~n fuli, fire insu~anc~ i~ the usual uandard poticy form, in a tum appro~ad by rl?a MORIGAGEE, and winds?orm ~ ~nsw~nc~ in ~M uiwl uandard pol+cy fam, in • ivm ~pproved by the MukTGAGEE, in iuch company o~ companies as th~ MORiGAGEE msy a:-~ a!t i€-e =_!:Y:-sr ~_!-s;rs on any of isid build~~+pw any +~taes~ tMnin o? part thereof. i~ ~M aflgregate tum afatsa~d o? In ~xuss therwf, sAall ca+tain the uswl standsrd mwfyagee claus~ w such o~her clausa as tM Matyage~ may rcqu~n, m~kinp the losi ur~+~ sa~d po1i~ ues, exh and overy. paYabl~ to wid MORTGAGEE as it~ interc~t may eppsar, and each and every such policy ihall bs prompfty au yned and detiver~d ~o +ny he{d by said NlORiGAGEE as furrhe~ ucurity ro said mortpage debt, and, not leu tMn ten (10) days in advanct o( ~M expiratio~ of each policy, to da IEver to ssid MORTGAGEE a renewal the~eof, toge~F~e~ with a receipt iw ~he premivm of su~i~ ~anewal; and there shall bt no firo o~ windstwm in~ursnce v~.a.J w~ .~~y u( s.~.f i,~:~~f~~y~a, .~.y i~~ic~lff tlftrfill p part thereof, u~leu in tl+s form ~nd with tM lou payabM at afwes~id; ~nd in the event any sum of moMy becomes payable unda~ wch policy w policies ssid MORTGAGEE shall havs the option to rece~ve and apply the same on account of the ir?d~zbted- ~ ~xu setwed Mreby w ro pe~mit said MpRTGAGORS fo reteiw and us~ i1 p•ny part thereof for other purposes, w~thout th.rto~ waiving or anpalr- ing ~ny pu~ty, lieo a ~ght under w by virtw of thii morrp~ye; ~nd in tM event ss~d MORTGAGORS shall tor any :eason fail to keep the said premisas w . insur~, a f~il b de~~ve~ pramptly ~ny of stid policies of insuranc~ to said MORiGAGEE, w fail promptly to pay fully any p~emium theretw w in any respect iail fo pe~form distharge, execute, effed, complete, comply wi~h and abide by this covenanf, er any part F?ereoi, said MORTGAGEE may plate a~+d pay fa suth it?wrance or any p~?t thereof without waivinp or affectinp any option. lien. eqvity. a right under a by virtue of Ihis Mortgage. snd the full amount o( each and every s~ch payment sMll be immedi~tely due snd piyabk and shall bea. inferest from ths date thereof umil paid a~ the ra~e o~ n~ne per centum per annum and togathe~ with auch interest shati be secu~ed by fM lien of this mortgage. I. To permit, commit w suffer no waste, impairment o~ deterioratiw~ of said properry w any part thereof. 5. To pay sll and singula~ the coat~, dwges ~nd eapenscs, inr~~.d~.~y a reasonable ~t~wney'i fea arxl costs of abstrads of titte, incurrad or paid at any time by said MORiGAGEE, because a in the even~ of the lailurs on the pan of tM said MQRTGAGOR to duly, pramptly snd fully pe~form, d~xharge. eaecute, e((ett, comptete, comply w~th and ab+de by each and every tF+e stipvla~ions, agreemenn, conditions, and covenants oi said promissory note end this matgage any or either, and sa~d costs, charges aad expenses, each and every, aMll be r+Eately due and paysble: whe~her a not there be notice dr mand, attempt to collM or suit pendiny; and the full amount of each ~r~ ~y auch paymenl shall bear i~~erest f~om the date tFKreof until p~id at the rare ot ~ine per centum p~v annum; and all said cos?s, charges and expenses intur~ed w paid, togetAer w:Ih suth interest, shall be secured by the lien of this _ mortgaps. 6. That (a) in the eve~f of any breach of this Mortgage or defauh on tM part of the MORTGAGOR, or (b) in the evenf ~ny of satd tums of money herein rofe~red to be not promp~ly and fully paid within Ihirty (30) days neat afier the sams severally betome due and payable, wilhovt dertwnd w notice. or in the event each and every ~he stiputations, sgreements, cond~tions and covenants oi sa~d promissory note and th~s mortgage any or either are nol iuty, promplly and fully perfwmed, discharged. eatcuted, effected. compkted, complied with and abided ~Sy, then in e~ther or any such event the sa~d ag gregate wm mentioned in saed promissory nore then remaining unpaid, wi~h interesl acvued, a~d all mo~eys secured hereby, shall become due end pay- ab'e fa~hwith, or thereafter, at the option of sa~d MORiGAGEE, as tully and comptetety as if all of the said sums c` money were a~ginally stiputeted ro be pa~d oo such day, anything in sa~d prom~sswy ~ote w in this Mortgage to ~he contrary notwi~hstanding; and thereupon or fhereafter at ~he op~~on uf said MORTGAGEE, without norice or demand, suit at law or in equity, therefwe a thereafter begu~, may be prosecuted as if all moneys secured h..veby had matured pr~w to ~ts i+ntitution. 7. That in the event that at the begenn7ng of w at any t~me pending any suit upon this N4ortgage, or to foreclox it, or to refwm it, w fo enforce payment of any daims hr.eu~der, said MORTGAGEE shall apply fo tht Cou?1 having ~uriadiction thereof for the appointment of a Rece~ver, such Cour~ ahall forthwith appoint a receiver of said mo~tgaged property aft and si~gular, includ~ng all and singv~ar the incame, prof~ts, issues and revenues trom whateve~ source derived, each and every of wh~ch, it be~ng expressly urde~atood, is hereby morrgaged as if speufically set (wth and deuribed in the grsnting and habendum clavses hceref~ ~ s•x': °c~ci.i= have aIl the broad and effective funa~onr and powers in anywise emrus~ed by a Court to a Receiver, and s::ch appoinrment shall be made by wch Court as an admirted equity and a matte? of absolute right to said MORTGAGEE, and w+thou~ re(erence to the edequxy w inadeqvacy o( the value of the proporly mw~gaged or to the w+vrncy or insolvency oi said MORTGAGOR a the defe~dants, and that such rents, profiq, income, issues and revenuss shalt be applied ay such Receiver accord~ng to the lien w equity of said MORTGAGEE end the practice o} such Coutt. . 8. To dvly, promptiy and futly perform, ~xharge, exccute, effect, csmplete, comply wi~h snd abide by each a~d evcry ths stipriat'iona, agreements, conditions and crnenants in sa~d promissory note and fhis mortgage set fpth. 9. That in ihe evenf the ownership of the mortgaged premises, or any part tF+ereof, becomp vested in a ptrson other than the MORTGAGOR, the 4'.ORTGAGEE, ifs successws and ass~g~s, may, without not~ce to the Al10RTGAOR, deal with such s~cceuor a wccessor ~n interest with reference to this mortg~ and the debt hereby setured in the same manner as with Mortgagor without in any way vitiating w discharging the Mortgagors' liability herr ~nder w upon tFx debt hereby secured. No sale o~ the premises hereby mo~tgaged and no forbearante on the pan of the MORTGAGEE or its sutcessors o+ assgns and ra exrens~on of fhe time for rhe payment of the deb~ hereby secured g~ven by the MORTGAGEE w its successors or au~gns, shall operate ro releue, d~scharge, modify change or affect the orig~nal liab~l~ty of the AhORTGAGOR herein, either in whole or i~ part. 10. It is spec~fically agreed that time is of the cssence of this. contract and that ~o waive~ of any obligatan herounder or of the obligation sr zv~ed hereby shsll at any time lhereafter be held Io be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the forego:ng month!y payments of princ'pal and inee~est requ~red 6y the promiswry note secured hereby, mortgagor covenants , and agrees to pay to mortgagee with each momhly paymertt an add~rional sum es~~mated by mortgagee to be equal to 1/12 of the annual cost of the follow- . • A-All real properh~ taxes levied w auessed agai~st thc above dexribed real estate. ' :::.-.v;:~:- insurance as he~e~n requ~red to be carried on the improvemeats s~tuate on the above d_scribed premises. C-Premfvms on such mwtgage guaranty insurar,ce as mo~tgagee shail from tirrx to ti~ne deem fit to carry on the loan secured hereby. F AM1ortgagee shall from time to time rrotify rtqngagor in writine qf the amount due and payable hereunder and such sum shall thereupon be due and ~3yable on the due date of rhe next moneh!y payment and each successive montF. thereafte. urtil mortgagee shal! netify mortgagor af a change in svch a•^:ount. $uch sums shall be apptied by matgagee toward the payment of real propeny taxes, insurance prem:ums, and mwigage guarant i~surance premium3. e IN WITNESS Of, the saed MORTGAGOR has hereunto set his hand and seal t}~e day and year first aforesaid. , Signe Ses a I' in the pr e of: fllf~ AN!~ ~if.L~~~ ' ~ 57. ~'JC ~ ~ ~ u'JIiTY F1~ , ~ , ; P.4,S~'. =v~TR~S aq ~~c~t~ ;;,;,r tau~eT ob F. Shaw ~n _ pcC;:,^ =!tF:fi' - /Seaq ~ 'i ~S ~A'~~ ~-ao 'i STATE OF FLORIDA t ` St . Luc ~ e ~ ~ u- ~W39 couNrY oF ` eefore me pe~w~ally appeared Bob F. Shaw, a s i ng le a du 1 t ~G?~d~ 11pClQS~C to me well krawn and known to me to be fhe individusl dewibed in and who executed the foreyar~g instrunxnt, snd ackrawledged befwe me that he executed the same for the purposes therein expressed. ~KM ~ ~dbfXl~fiAile t _ ~ ~fsx#Lif)6X2~X#~KJ~Xi~~il~iX ~k~~i~fil~i7CXafJfJc WITNESS my hsnd and official ual this day of_ - ti18Y ~ q_ p_ ~q 75 3 _ Notary Publ'K Fn ~nd fa ta~e of Florida ~t Larye JYCy Commiu9on expires: Return To: fint Federsl Savings b loan Associat~on ` Of Fort p:erce_ ~ ~ loe~ " fort Pierce, florida r MN~e~~~w Enp~~M ~ ~~ry ~ ` pondsd by Am~riuo~ Fir° ~~~:~~`~,~~1:~`~~~~ f i z: n • J 4i ~ ? ~ This Instrument Prepared By John lti . Col l i n s . : First Federal Savings d~ loan Association " •~E d' ' E of Fort Pierce , Flor i da - ~ T ~ SOOK~?si~ J~~~~ ~,1~ _ ~ Checked By ~r ~ :`I~ •_}a • ~ ~ r ; ~ , f ~j 1 ~ ` ' ? i J : : ! ~ 1,~h~.~' = t . ~ . ~ ~ ~ ,~Iir.~r.,. ' ~ ' 3~ i ~ : ~ _ ; - - - - - - - - - ~ R . .,iv~~s~,.T.~',-~~~s-~~' ~~:!:c~:,,.'? ; . s._ _4.;~,~"°~,~~-