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Home My WebLink About0160 3. To pix~ ~nd cor+tinuouily keep on ths bu~:d~ngs now a Mr~~its~ si~uat~ o~ ~aid land snd on all equipnunt ~nd perwn~lly tovend by thi~ mort¢ with dl pr~mi~nu lhereon pa~d in (utl, fire ins~rsnce in Ih~ uiuel sundud policy form, in • ~um aNprovsd by tht MORiGAGEE, •nd wi~torm inwrsnce in tM usual atandard po~~ty form, in • tum approrad by tM MORTGAGEE, io ~uch compa~y ot companit~ a 1M MORTGAGEE may d'uectj ~nd all (i~~ ~nd w~nd~to~m iniu~anc~ ~fic~es o~ +ny of said buiW~nps. ~ny inl~r~~t thtrein o~ p~rl therwf, in tM apqrey~~~ wm ~(w~~aid w - In ~xc~u theroof. ~hall con~ain the uswl standard mort9apea claus~ a such o1F+K clauH ~t IM Maty~N m~y reqv~n. makinp IF+~ loss unda ~a~d po1L citi. esch ~nd every. paYSble to i~id MORiGAGEE ~s ~ts iMe~est m~y ~pp~a?. and each ~nd every ~vch po~ity ~hall bt p~omptly aa.pnsd and dtliv~rsd ~p any heW by iaid MORTGAGEE ~e fu~~her iecurity to said mw~ya9e debt, ~nd, nof Itu lhan tsn (101 d~ys in ~dvant~ of tM tapi~ation of ~ath polity, lo dr ~ liw~ to a~id MORTGAGEE a renewal the?eof, toyether with a rec~ipt fa the pr~mium of ~~th rtnewat; and Iher~ ~hsll b~ no f'a~ w windsto~m insuraot~ plac~d on ~ny of s~id buildirg~, any intere~t therein w p~~t thereof, unless in ~ht iorm and with th~ lou paY~bl~ ~s a(wts~id; u+d in tM ~vent any sum of morwy becanes payable u~de~ wch policy a poficiat taid MORTGAGEE shall hava tF~e option to ~tceive and spply 1M tarr~ on +ccou~t af tM Ind~bted- ; ' - - - u~ Ti-wcno . .1 i ~wsi w~wsu w.~u~ .n j.:. :~S 53:3 ~.r:.......5 3^- ! M ~ny ~+wr/ IhwrM{ 1nr othe~ purDOSM. W1t~10~1 lhereb~ Walvl~l4 Of ut~liif- . irg any puity, lien or right under a by virrva of thii mortgaye; ~nd in th~ ~vent ~a~d MORTGAGORS shall for ~ny r~aton (~il to keep 1M uid pr~inises w insurcd, w(all b deliver pramptly any of said polKies of insurance to s~id MORiGAGEE, a fail prompNy to pay fully any premium therefp w in any rospect fail ro perfwm, d~scharge, executs, t1(ect, complete, comply with ~nd abid~ by thii cownan~, or +ny part herwf, s~id MORTGAGEE may plac~ snd pay fw such inw~enc~ w any part thereof without waiviny o~ aifediny any option, lien, eq~ity, a right under or by virtw of this N?ort9+y~, u+d tht ~ full amounl of e~ch uxl avery such payment shall be immediately due and p~y~ble ~nd aMil baar intereit from ths date thereof until psid at tiw rat~ oi ` nin~ per «nt~m pe~ annum and together with such intercat shail be secu~ed by the lien of this mort9ape. To permil, commit or suftm no waste, impairment or deterioration of said property w any p~rt thereof. , S. To pay all and sinpul~ the cwts, charpes and expenses, includinp a reasonable attorney i(e~ snd coitf of abstrsd~ of tifl~, incurr~d w paid at any time by wid MORiGAGfE, because w in the event of ~he failure on the p+rt of the uic~ MORiGAGOR to duly, promptly ~nd f~lly psrlorm, dixMry~ execute, ef(cct, complete, comply with and ab:de by each and every the atipuletions, agreement~, conditions. +nd covenanb of iaid p?omissory not~ and thi~ mortgaye ~rry or e~ther, ~nd sa~d costs, charges and expenses, each and evcry, sMll be immcdiately due and payable; whe~hcr p not there be no~ice da mand, attcmp! fo colled or suit pending; aod the fu!I amounl oi each snd tvery svth payment ahall bea~ interest from 1M dat~ thereof until paid ~f the rate of nine pe. cent~m per an~ium; and all said cos~s, charges and expenxs incurred w paid, together w~th such intere~t, thall be secu~ed by ths lien of this mortpye. 6. That (a) in tM avent of any breach of ?his Mwtgag~ or default on ths part of the MORTGAGOR, w(b) in 1he event ~ny of ~aid a~ms of money herein ~eferred to be not prompfly end fully paid within th~rty (30) days next after the ~ame severatly become due and pay~ble, without dsm~nd w nmice. a(c) in the event each and every the stipulatiau, agreements, conditions a~d covenants of sa~d pranissory note and tF?~s mw~yape ~ny a~ithe~ ar~ nw ~uly, prompdy ~nd Fully perfwmed, d~scharged, execu~ed, effected, completed, comptied wiih and ab~ded Sy, tMn io either a aey ~uch ewnt 1Fw uid a~ p~egate sum mentioned in said promisswy nore then remaining unpaid, with interesl ucrued, and all moneys sacured hereby, sMll beto.ne dw and pay- able fwthwith, o~ thcreafter, at the opf~on of said MORiGAGEE, as fully a~d complere~Y +s it sll of the said sums of mon~y were aqinally ttipvl~ted to be pa~d on such day, anything in satd prom~sswy note or i~ this Mwtgage to the contrary notw~thstanding; and ~here~rpon a 1her~~fter ~1 tM option of said MORTGAGEE, wirhou~ not~ce w demand, suit at law or i~ equity, tAerefore w t}~cre+f~er begun, may be prosecuted at if all moneys s~wrid Mreby had matured pnor to its iratitunon. 7. That in the evenl ?hat af the beginning of or at sny fime pending ~ny suit upon this Mortgage, a to fweclose it, or fo refwm it, w to enforu payme~t of any claims he~eunder, said 1NORTGAGEE shatt apply to the Court having jur~sdiction thereof fw the appo~ntment of a Receiver, such Court sMll Fo~thwith appoint s receiver of said matgaged properly ail and aingulsr, irxlud~ng all and singular the income, profits, issu~s a~d revenves from what~ver wurce de~ived, each ~nd every of wh~ch, it being expressly understood, is hereby mortgaged a~ if specifically set fwth ind described in the pramirp u+d habendum clauses hereof, and such Reteiver shall have aIl the broad and effecrive {unct~ons and powers in anywise entruated by s Court to a Receivtr, and such appo7n~ment sha11 be made by such Court as an admi~red equity and e matter of absolute rigM to said MORTGAGEE, ~nd without reference to ths adequacy w inadeqvacy of the value of the p.operry mortgagcd or to the wtvency or insoivency o( said MORTGAGOR or the defendan», and tha~ such rents, p~ofits, income, iuues snd revenves ahall be applied by such Reteiver atcwding to the 1'~en ot puity of said MORTGAGEE ~nd the practiu of such Court. 8. To duly, promptly and fully per(am, dixharge, execvte, effect, complete, comply with and abid~ by e+ch snd every ths stipulationa, ay~eemenfs, . conditiorts and covenant~ in sa~d promiisory note and this mortgage ut fwth. ~ 9_ lhat in ~he evem ~ne owne~sh~p oi tne mongaged p?em,ses, w any ps~1 ~hereoi, betwr~es vfai~i in a persa? athar tt~n it~e J{I'.ORTGACOR, ths _ MORTGAGEE, its successas •nd assigns, msy, w;tlw~t notice to the MORTGAOR, deal with sucfi wccessor d wtcessor in intcrest with reference to this mortgage and tfie debt hereby securcd in the same manner as with Mortgsgw without in any way vitiatirg or dixharginp the Mort9agon' liabiliry her~- under w upon the debt hereby secured. No sale of the Fremius hereby mortgsged end no 4orbearsnce on the part of the MORiGAGEE or its suctessors or aasigns snd no exrension of the time for the payment of the debt hrreby setured given by the MORTGAGEE w iri suttttsws or ~ssiyns, shall opetate to releax, d~xhar9e, modify change or aifect the original liab~l~ty of Ihe MORTGA(`iOR FKrein, either in whok w in paA. 10. It is spec~fically agreed ~hat time is of the esxnce of this contract arid that no w~iver of any obl~gation hereunder a of ths oblip~tion se- cured hereby shall at any time thereafter be held 1o be e waiver of the terms hereoi p of thE instrument sec~red herby. I1. In add~tion to the fwego:ng monthly payments of princ'pal and inter~st required by the promiuory nole aecured here6y, mortgsgor covenanft and agrees to .~ay to mo~tgagee vv~~h each mon~hiy payrnent an add~~ional sum esnmaied by mortgagee to be equal l0 1/12 of the annual cost of the follow- ing: A-All real property taxes levied or assessed againat the abov~ desc~ibed real estate. B-Prem~u~»s on fi~e anr! windstorm insura~.ce as fnere~r, requ~red to be carried on the improvements situate on the above drscribed premites. i C-Premwms m wch mwtgage guaranry j~surar.ce as mortgagee shall 4rom hme to time deem fii to carry on the loan setured hereby. ' Mo~tgagee afiall from t~me to t;me notify mortgagor in writ+ng of the amount due and payable hereunder and such wm shatl thereupon be due and i payable on the due date of the neat monthly payment and exh succ~sive momh the.eafter ur.til mortgsgee shall notify mortyagw of • change ia such ~ amoum. Such sums shail be appiied by mortgagee toward the payment of real property taxes, insurante prem.ums, and mortgaye guaranty insurance ~ premiums. , . IN WITNE55 WHEREOF, rhe said MORTGACsOR has hereunto xt his hand and seal the day and year first efwi~ ~ 5',~ Seakd and de~~vH ~n he ~r.e~•~ce of~ fILED Ak0 ~tCOfi'JEO ~ - ~l4 ~ +E COIfNTV f~~• ` - E ST- lt~C q ~ ' ~~~TRAS koG _ _ t ~^.~uR~ ~ ` Hen . Sa p . .4 2'~:fl . ~ , :~,t ~ -J RF ~~~~j Y.~~~~ ED ~ ' - D 3~1 1 n~7~ Daan M. Sapp ~--q ; ~ ~ STATE Of FLORIDA ! ~ cour,rr oF St . Lucie ^~^v323 ~ ' _ - . . Before ms personally appeared Henr v H. $d~ .JY . ~ ~nd . : ~ ~T-~-~ r, : ~ 1~dNi1 IH. Sann h~s wife, to me w~ll k~own ~nd'k~ mi fo b~ the individusls described in and who executed the fuegainp instrument, and acknowledged befwe me ihat they e3atuted )M ~'aiwek.fw ~'~4rpiqe~ x th-reen exgressed_ And the said M• ~ _ ~ , ~ , ~ ~ wife or r~. ~~d Henry H. Sapp, Jr . - ; ~ examinaYwn by me taEen separate and apart from her said husband, acknowledged to and before me that she executed s~id itKtrum~nt ~ree?~i.ipd vol~o- $ ~arily and w~thout any compulsion, constraiM, appreh^ sion, or fesr of o? from her wid husband. _ WITNESS my hand and official seal this__ =~~~h day of < ' 71~D.,la 76 ~ ° : ~ g ~ ~ . _ , _ ery Public in and for the SMte of Florida ~f lar~e ~ ~ My Canmission expires: ~ ~ Return To~ ~ " i Fint Federa) Savings 3 loan Associat~on ~ O/ Fort P~erte. - - ,R, fort Pierce, Florida ~ ~ >i ti This Instrument Prepared By ~nald B. Hughes ~ First Federa~ Savings 8 Loan Association ~ of Fort Pierce , Flor ida . Checked By ~ ~ ?~53 ~A~f is0 ~ ~v ~ ~ ~ ~ _ - _ _ ~ _ _ _ - _ , _ - ~