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Home My WebLink About0078 3. To plac~ and contirwously keep on ~M b~~'d~ngs now or hereaha u~wa on iaid land and on all equipmee~ ~nd penor?aliy wva~d by thh mwt~- p~, with aIl p«miwn~ thc~ea+ pa~d in fuil, li~e insvr~nc~ in ~he u~u~t ~u~+d~rd potkY torm. in ~ ium approv~d by IM MORTGAGEE. •nd windua~n ituv~ant~ in th~ u~wl ~tsndard pof~cy fam, in • sum approvcd by ~he MORTGAGEE, in ~uch company w tompanih ~a 1M MORTGAGEE may d'u~ct~ ar?d all lir~ and w~ndstorm ~n~urance polKiei on ~ny oi faid build~npf, ~rty intfr~f) thOr~in pt part thH101, i~ tM apqre9~ts ~um •fa~~aid a In ~xc~u thsreoi, aMll con?ain tM vaual s~a~.dard mo.r9a~e davs~ w iuch othK claus~ a ~h~ MwtpapN may ~pu~r~, makinp tM lof~ u~de~ u~d po14 . cip. Nch and ~wry. paYabl~ to said MORTGAGEE ai ib imere~l may ~pp~a~, ~nd ~ach •nd w~ry such policy ~h~tl b~ promptly ps.yn~d ~nd d~liv~~ed to . ~~y htld by s~id MORTGAGEE aa fur~her security to uid morty~y~ debt, and, not leu ~hsn len (10? deys in ~dvanc~ of ths ~xpiration of ~ach policy, fo d? Ilwr ~o said MORTGAGEE a renewsl thereof, toQe~her wi~h a race~pt fw tAe pr~mium of wch ran~wal; and ~Mr~ tha11 b~ no fu~ a windslam insw~nc~ pl~ced on ~ny of uid buildi~gi. ~ny interest tharfcn o? part ~hereo}. unkss in ~M Io.m ~rd wf~h ih~ iois p~y~bt~ u~(a~uidt u+d tn tM ~v~nt a+y wm of nwn~y L•ecornq payable urxle~ such policy w polKin said MORTGAGEE shall h~w tM opt~on to f@Gt1V0 +~+d appty tfie s~m~ on accovm o( the ind~b~ed~ nets tecured Mreby o~ ro permi~ said MORTGAGORS lo rcceiv~ and it a any part thcrcof for other purpoaes, w~~Fw~t thareb/ waivinq W~mpai.- irg any aqu~ry, lien w right unde. w by virtve of ~hii mo:tyaye; and in the aven~ ia~d MORTGAGORS ~hall fa any reason fail to keep th~ taid p«mius w inwred, or fsil to deliver promptly ~ny of said polKies of insv?a~xe to uid MORTGAGEE, w fail promptty ~o pay fully any p~emium tMrtlor a in any . re~ped fail to perfo~m, diuharge, e~ecute, effect, tomptete, tomply with and abide by this covenan~, or ~ny part M~eof, uid N10RTGAGEE may plsce and pay (a :uch insurance or any part thercof without waiviny a ~ffec~ing any oplion, li~n, equiry, o~ riyht undr a by virtw o( thls Mort9sps. and tht + full amo~nt oi csch and every such paymem ihatl be immediately due and p~yable ~nd ahsll bear inte~est from fM dat~ thereoF until paid at 1Fw rat~ ol ' nirM per ce~tum per annum and to~e~her wiih such inte~eat ~hall be secured by tM lien of this mortyage. 1. To Fr•~:il, es uffr. zo .._s!a. :^•;.s......r.• de!e..~e!e^Z e~ :aid ~:;.erty ar any ~a+! th~~f- S. To pay ~I! and sinpular the cotts, char~ss ar~d expensrs, indud~ng a ressonable atta~ey i fee u?d cosri of aburacls of till~, incurred w piid al sny time by ss~d MORTGAGEE, because w in the event of the tailure on ths part of tl+~ said MORTGAGOR lo duly, promptly •~,d f~lly pa.for~, doch+rqa ~ exccuts, ~ifed, complete, comply w~th and ab~de by each and every the itipulatio~s, agreements, ta~ditions, ~nd aovenants of ~aid promissory note and thi~ mortgpe ~ny o~ eithe~, and sa~d coars, cMr~es and expenus, c~ch and every, shall be immtdiately due and pay~ble; whether p not thers bs notite da mand, attempt to colkct or suit pending; ~nd the fult amovnl of each and erery such payment shali bear iniere~t from IM date tMreof until paid at the rate of nine per tentum per an~ium; and all said costt, charges u~d expenses incurred a paid, logelher with wth int~r~it, ahall b~ wtured by the lien of thi~ mwtp~. 6. Thst (a) in the event of any breach of this Mortgage or defaul~ on tM part of ths MORTGACOR, w(b) in the event any of sa;d sums of money hc?ein referred to be r+ot promptly and fully paid witAin thirty (30? dsys ~ex~ after the same severa~ly become dus and payable, withovl dertNnd a ta~ice, w(~ in the event each and every the stipulations, ag~eements, conditions and covenants of sa~d promiisory note and ~h~s mwlp~pe any w eitl+K are nol ~uly. promptly and (ully pertwmed, d~scharged. executed. efiected: compkted. complied with and abided by, then in either w ar?y such went the uwf ap~ greyate sum mentbned in said promissory note then remaining unpaid, with intmest atcrued, and all moneys ucured hersby, fthall betome dw and pay~ eble (athwith, w thereafter, at the option of said MORTGAGEE, as (ully and completely as if all of the said sums of money were originally ~tipulatcd to be pa;d on svch day, anything in sa:d promisswy note w in this Mortgage to lhe contra?y notwithatanding; and thereupon a thereafta ~1 the option of :aid MaRTGAGEE, witho~t not~ce or demand, suit at law or in equity, tF~elore or there+frer begun, rnay be prosecuted u if all mo~?eys s~cured Atreby had rtWtured pnp to its institutwn. 7. That in the event tha~ at the beginning of o~ at sny time pendi~g any suit upon this Mortyage, or lo faeclo~e it, or to refwm it, w to enforp payment of any claims hreund-r, said MORTGAGEE shall spply to the Court having jurisd~ctio~ thereof fw the ~ppointment of a Retciver, s~rth Court shall fwthwith, appo~nt a receiver of said matgaged property all and si~gular, includ~ng all and singular the income, pro(in, iuues ~nd reveoves /rom whatever saurce darived, each and every oi which, it being exprossly unde~stood, is hereby mortgaged as ii specil~cally set (orth ~nd d~atribed in the 9raming and habcndum clauses hereof, and such Receiver shali have alt the broad and effective funct~ons and powers in a~ywise entrufted by • Cou~t to a Reteiver, and such appoir.trr.ent shall be made by such Court as an admitted eqvity and a msltcr of absolute right fo said MORTGAGEE, and without re{erence to Ih~ edequxy or inadeq~aty of the veiue of the properry mortgaged a fo the w:vency or inaolvency of said MORTGAGOR o~ the defenda~b, and thal such ren~s, profits, income, issves and ~evenues shall be applied by such Receiver atcwding to the lien w equiry of said MORTGAGEE and the prattice of tuth Court. 8. To duly, promptly and fully pe.form, d~scharge, execvte, effect, complete, comply with and abide by each and evtry tM stip~lations, sgreernenri, conditions and covenants ~n sa~d promisswy note and ~his mwtgage set fwth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a pt~son other th~n fhe MORTGAGOR, th~ MORTGAGEE, its successas and ass~gns, may, w~thavt notice to the MORTGAOR, deal w+th such succeuo. a successor in interest with retere~ce to thi~ mortgage and the debl hereby secured in fFx same manner as with Mo~tgagor wi~hout in any wsy vitiating a d~uharging the Mwtqagors' lisbility Fier~- ~ undcr a upon the debt hereby secured. No taln of the premise~ hereby morlgaged and-no fabearance on th~ ~art of tM MORTGAGEE w ib succesion or assigns and no exte~s~on of the time fw the payment of the deb~ hereby secured given by the MORTGAGEE or its tuctesson a auigru, shall operaq } to release, dncharqe, modify cAange w aflect the orig~nal l~ability of the MORTGAGOR he~ein, eithe? in whole w in p~rt. . 10. It i~ spec~fically agreed thaf time is of the essence of this contratl snd thet no waiver of any obligatan herevnda or of 1M obliyation ae- cured Fxreby shall ~t any tims there~fter be held to be a wriver of 1he terms hereof a of the i~str~mem setured he~by, I1. In add:tio~ to the Eorego'~,g monthly paym~nts of princ'pal and interest rcquired by the promiuwy nore secured hereby, morigsgor cove~snts and agrees to pay ro mongagee w~th each monrhly payrnent an add~~~e~el sum esumated by mwtgagee to 6e eqwl to 1/12 of the annual cost of the follow- ing: ' A-All real property taxrs lev~ed or assessed agai~st the above deuri5ed real estate. . B-Prem~u~ns on fire and windstorm insurar ce as here~n requ~red to be carried on the improveme~ls situate on the above desuibed premises. ~ C-Premiums on wch mortgage guaranty ir.wrer.ce as morigagee shail from t~me to time deem fit to carry on the ban setured hereby. Mortgagee thall from tirtle to time notify mOrtgagor in writing of the arno~nt dve and paysbk herevnder and such sum shall thereuppn be due and Fayable on the due date of ~he next month!y payment and each suttessive month thereafter ur,til mortgaqee sha11 notify mortgagor of a thange ~n tuch ; amouro. Such sums shali be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortpape guaranty inwrance ~ i P'emiums. ~ IN WITNESS WHEREOF, the saed MORTGAGOR haa hereunto set his hand and scal the day a ye~r first afwesaid. ~ Signed, Sealed and de ' red in the presence of: f rs~.~.t.~ ~ ~ .L~L_ a4 ~ wi ess: - o h L. Walke ~ ~witness: M rQ tte . Walker ~e,~ ~ STATE OF ~ Florida St . IuC ie ~ ~ ~ couNn oF ~ Before ms personally appeared Joseph L. Walker and Margrette W. Walker ~ - his wife, to me well known and krawn to me to be ~ rhe individwls described in and who executed the foregoiny instrument, ar.d atknowledyed before me that they executed the sams for tF~e purposes ~ rherein expressed. And the said Margrette w. Wa~ker wife of the said .~OS~~1 W8~Ce! upon • separ~te and priv~b ~ examin~tion by me taken separate and apart from fner said husband, ~cknowledged to and befo~e nk that sl~e exetuted said irntrument fr~ely and volva rarity and wi~hout any compulsa~, constraint, apprehertsion, or fear of u from her said hvsband. ~ WITNE55 my hand and official seal rhis 2~ day ot MaY , A. D. 19 76 ~ ~ ' '2 ~--~~-a- ~ Notary Public io aod fw the St of Florida ~t l~r~ ~ My Commission expires: p.-3 O•7 ~ Retu?n To: ~ ~ First federsl Savings 3 Loan Associatio~ s Of Fort P~erce. ~~~Q . ~ Fort V~erce, Florida 0 M - . ' 'i , ~ - . . FI~EO ~?N~ ~~cu~oE~ • ~ ~ . ~ - • . ~ This Instrument Prepared ByJ. H. Roberts Jz. :T~qOCE~~01 RAS~A ` . ~ ~ First Federal Savings b Loan Association CIERK CIR~UIT COURT . T ~ of Fprt Pierce , Florida 33450 pECQ!tD vEfitF1EQ~~ ~ . - _ ~ . ' ~ r ` : ~ Checked BY ~ ~ 12 as PM 16 . . _ - . • ~ ~ ~ r ~ ~,~i~ ~ _ ~ , " ' ~ ~ ez ~ _ r~ ; aY . ~ ~ ~