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Home My WebLink About0308 i 3. To plac~ ~nd continuously keep on ihe bu~'d~ngs ~ow a haea(ttt utwt~ on ~aid land ~nd on all puiprneM and pNfonaily cov~red by Ihif mo~tp~ p~, with ~tl p~~miwns ~he~eon pa~d in full, fire insura:~ce in ~M ~wal ~u~dsrd policy fwm. in ~ ~um aFprov~d by IM MORTGAGEE, and wind~lam irqwae?e~ ie tM uswl ~~ande•d pol~ey iam, in a sum approv~d by IM MORTGAGEE, in tueh evmp~ny o~ eompae~a u 1h~ MORiGAGEE may d'VKtj ~nd all fin ~nd w~nd~~wm cnwr~~c~ policies on any of sa~cl b~rild~nps, ~nr tm~n~~ tM.ein or pa~~ th~rwi, in th~ ap9repu~ ~um ~fw~t~fd w ~ c in ~xqss Ihenof, sMl! contain tM vswl ~~endard mor~gs9N cl~us~ w such o~M~ clau~ ~s ~M Mor~9pN may rp~'u~. makug 1M ioa~ under a~d poli~ i cis~. c~sch and ev~.y. paYabN ~o said MORTGAGEE it~ in~~~~st m~y appeu. ~nd each ~nd •vay tuch policy ~hall b~ p~ompNy au.9n~d ~nd detiv~~ed ~o . •ny MW by satd MORTGAGEE as fur~her security to said n~o~~paq~ debt, and, nw I~u than ta? (10) days in adYance of tM expiration of each po1Ky, to da IivN to faid N1~RTGAGEE a re~ewal tMreoi, tope~FN? with a recaipt fw the p~tmium oi t~ch r~newal~ snd tMr~ tMll b~ no fir~ a windsto~m infura~t~ ~ pl~cad on ~ny of s~id build~ngt, any intere~l IhereM w pa.t thereof, unless in tF» fo~m and with th~ loas payabl~ as afa~saidj and in tM ~vent +ny tunf _ of mon~y becornes payable und~+ tuch policy w pol~ciss iaid MORTGAGEE ~hall Mw ~M opuon to rece~ve +nd +pply fh~ tarn~ on +ccount of ~M ind~bted- ~ ntss iKUr~d M~eby w 1o permit iaid MORTGAGORS to reteiv~ and us~ it a~ny part IMreof fw other pu~poses, wi~hout thaeb~ waivinp a~mpair- tnp u+y equ~ty, lien or ri9h1 under or by virtue of fhia mor.psqe; u~d in 1M ~wm isid MORTGAGORS sh~tl fw s~y r~ason f~il fo keep the said pnmi~ so ins~~ed, or fail to deliver promptly any of said policies of insuru~ce to s~id MORTGAGEE, w fail promptly to pay fully any premium therefw a in any ° rsipect Fail lo pt~form, discharge, executs, elfect, complete, compty with and ab~d~ by ihis coven+nt, or any parl har~of, s+id MORIGAGEE m~y pl+ce and . paY fw such lnsurance or any part thereof without waivinp or ~ff~inq a~y option, lien. eqvity, or ri~h~ under a by virtw oi ~his Ma~pa~~. and ths • full ~mounl of exh and every iuch psyment shall be immediately dv~ and payabb ~nd ~hall be+r ineereit from tM dat~ thereof until paid at tM rate ol nine pe~ centum pe~ annum a~d 1o~ether with suth inte.est shail be secured by IFa lien of thi~ rtwrtyape. 1. To permU, commit w suffer ew v.a~te, impairme~t a deterioration of taid prope~ty a~ny part thtreof. S. To pay ~ll ~ed sirgutar ths costs, chuges u+d expenses, inclvdi.g a reasor?~ble ar.o~n~y's f~e ud costs of abst~scts of titls, incurred or p+1d at any time 4y said MORTGAGEE, because or i~ the went of ~F~e failure on the p~?1 of ~M s+id MORTGAGOR to dvly, prompUy ~e+d fully pKiorm, diuharq~ execvte, effect, compkte, comply with and ab:de by each ~nd evcry the st~pulatipu. ~reement~, conditions, ~nd cov~n+ntt of said promisw~y ~ot~ and thq mony+pe any o? eithe., and ia~d cosb, charpes •nd ezpenses, each and every, shall be immedi~tely dw ~nd p~yable; wMther o~ not ther~ be notice de ' msnd, attempt to collecl or suit pend,ng; and the (ull amo~nt of each and every :~th psymenl sMll bear interett fran tM dats tMreof vatil p~id st the ' rate of ni~e per tentum per annum; and all said cosls, tharges ~nd expenses incurred or paid, topethet wiih auth interqt, shall bs setured by tF» li~n ot thi~ motfpaye. . ~ 6. That in the event of an breach of this Mo.t part of the MORTGAGOR, o~. (b) in th~ event ~~y of s~~d swm of money } y ~ags a defavtt on the herein refe~red to bs not prampNy and fvlly paid wifhin thirfy (30) days next afte? the same severally become due and payable, withou~ demand w notite, or (c) in tM ~ve~?t each and"every th~ stipularions, agraements, cw~d~t~ons and covet?snts oi ia~d promiuwy not~ ~nd tA~s matpap~ any w ather are no1 ivly, prompfly and iully perfarmed, discha.ged, executed, effected. completed. complied with and sbided ~iy, th~n in e~th~r o~ any such ~vent tM asid a~ gregaro sum meMioned in uid promiuory note then remsining unpaid. ~vith imeres? accrued. and all moneyf ~etured hNeby, sMll become dw and pay~ able tafhwi~h, a ~hereafter, at the option of sa~d MORTGAGEE, as fulfy and completely si it ell of the wid wms of mon~y were apinally a~ipul~ted ' to be paid on such day, anything in se:d prom~ssory note or in this Matgage to the contrary notwithstsnding; and the~eupon or thereafte~ at ~ht option of ~aid MORTGAGEE, without notice w demand, suit at law w in equily, there;we a therealter begun, may be prosetuted q if all money~ setursd Aereby had nutwed puor to i1s ins~itution. 7. Thal in the evcnt that at the beginning of or st any time pendirg any suit upon this Morfgye, or to fondos~ h, or to refwm h, w M eniwp " payment pf sny claims hcreunder, said IdORTGAGEE shall apply to the Cwrt having jur~sdiction thereo/ for the appointma+t of s Reteive~, suth Court shall Forthwith appoint a reteiver of said mortgaged p~operty all and singular, includ~ng a11 and singular Ihe income, ptofits, iuws ~nd r~venws from whataver source derived, each and every of wh~ch, it be~ng expressty unders~ood, is Aereby ma~gaged as if spacificalfy set forth and dtstribed in tM 9ranting ~od ~ hebendum clauses hereof, ar+d such Receiver shall have atl the brosd and effective funcl~ons and powers ie anywiie enhutted by a Cou~t fo • Receive~, and ~ •uch appoimmenl shall be made by such Cou~t as an sdmitfed equity and a mane~ of absolute righ~ ro said .MORTGAGEE, and without refererrce to the t edequ~ty a insdeqvacy of the value of the propcrry mortgaged w to the soivency or insolvency o~ said MORTGAGOR p tF+e dtfendanb, and that such rems, profits, income, iuues and revenues shall be applied by such Receiver accord~~g to the lien a equity of said MORTGAGEE snd the practice of such ~ Courf. ; 6. To duly, promptly srsd fully per(wm, dixi+arge, execute, effect, complete, comply with snd abide by esch and every tFN stipulatio~u, ~greemenri, conditions aruf covenants ~n sa~d promissory no~e and ~his mortgage set fath. 9. TF~at in the event the ownenhip of the mortgsged prcmius, w any pa?t thereof, becomet vested in a penon other than the MORTGAGOR, tM MORTGAGEE, its svccessors and assigns, rr.+y, wi~hout notice to the MORTGAOR, deal wifh such svccessor or successor in interett witF? reference to this t f morlgage ~nd the debt hereby secured in the same manner as with Mortgagor without in any way vitiatin~ p dischar~ir~g the Morlgagors' lisbility hers- ' under or upon the debt hereby secured. No ssle of the Fremises hereby mortgaged and no forbearance o~ t1r pan of the MORTGAGEE w its iuccessors or aasigns and no extension of rhe ~ime fo~ fhe paymrnt of the debr h-reby sccured given by the NWRTGAGEE or iri successws or ~u~gns, cMll operate ~o release, d~xharge, modify change w a(fect the original I~ab~i~ty of the MORTGAGOR tKrei~, either in whob w tn part. 10. It is specufically agreed rhat time is of the ease~ce of this contrau and that no waiver of eny obligatwn hereunder w of the obliyation ~e- cured hereby shall at any time thereaftcr be heid to be a waiver of the terms hereof o~ of the instrument setu~ed herby. 11. In add~tion to the forego'ng monthly payments of pr;nc pal and interest required by the p?omissory ~ote secured hereby, mortgagor covenants and agrees to pay ta mortgagee w~th each roonrhiy payrr.em an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- t :ng: f A-All reat property taxes levied or assessed against the above described real estate. : B-Premfuirs on fre and wir.dsrorm insurance as here~n requ:red to be carried on the improveme~ts situste on the above desuibed premises. ~ C-Premiums on such mortgage guaranty insurante as mo~tgagee shatl from time to twne deem fit to carry on the loan secured hereby. ~ Mwtgagee shatl from time to time notify mo,tgagor in wrifing of the amouM due and payable hereunder and stxh sum shal! therevpon be due and ~j Fayable on the due date of the next monthiy payment and each successive morsth thereafter until mortgagee shall ~otify mort9agor of s change in such ~ am~unt. Such sums sF.all be appiied by mortgagee toward the payr?Knt of real prope•ty tsxes, insurance {xem:ums, and morfgage guaranfy insurance premiumf. . ~ IN WITNESS WHER€Of, the said /NORTGAGOR has hereunto set his hand and seal the day a~d yea~ fi wes~id. ~ S~gned, Seakd and delive?ed in the presence of: fIlEO ANL ~fC~~DEO / ; at~uc~F cauNTr F~A. e/rti~ .(Sea4 ~ itOCfF. ?J;TRAS ~ CLERK L~'=i01T COURT an Ma s aq ~ AECC~R~ YER.~ ~EO - n ~ • Sharon Mays ~ SiATE OF fLORIDA {~YL 4 0o PM'75 `~°'n ~ couNnr oF St . Luc ie 3~~~~ ~ Befo~e me penonally appeared L. Dean M1yS Sharon Mays h:s w~e, to me well known and known to me to be the indiriduals dexribed in and who executed the foregoing instrument, and ~cknowledged befort me that thsy executed thb sams fw ths purposes therein expreued. And the sa~d Sharon ~IdYS wifz of ths teid • y L Dean IHa S opon a sepast~ and privat~ ~ examenation by me taken separate and apart from her said husband, ackrawledged to snd before ms that she executed said instrument heely ~nd volur?~ ~ ~ ra~~ly and w~thout any compulsion, constraint, appre : or fear of ar from her isid husband. ~ WITNESS my hsnd snd official seal thi ~ dsy f Ju A D. 19 7S ~ • s ~ • ~ ; _ Notary Public in ~nd or the ate of F ida at larp~ My Commiuion ~xpires: ~ Retu+n To: t,fi y Firot Federal Savings 3 loan Associat~on ~ A ' G~ ~ Of iort P,erce. F Fort Piarte. Florida ~ . ~ I r'- .l ~ ' _ . t ~ , ' ~ : This Instrumen! Prepared By John W. Collins - ~ First Federal Savings & Loan Association ~ ~ . , ~ r - ~ of Fort Pierce , Rlorida - ` ~ = ~ ~ ~ . i1t;,.~ ~ ~ Checked B 80~!( P~CE ~ . _ ~ . ~ - _ 'r~l.t: ~ - •4•~.'r, . : . ~ i `3~: , ~ - - - ~ - ` - _ ~o-~ r~.>~~~y~ ~ ~ - n` _ 3 . . _ a- ~a- u ~e,:L^`~3' ~ ~i'.. . . ...c ~