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Home My WebLink About0065 i ~ 3. To plac~ and con~inuously kcep a~ ~h~ bui;din9~ now w Mre~fttr ?ituai~ on ~aW tand ~nd on aH equipm~nt ~nd pawn~lly cove.~d by thit maro- y~, with all prsn,iumt IhErcon pa~d in full, fire insur~t+ce it~ the u~val standsrd policy (Orm, in • tum •pproved by tM MORiGAGEE, ~nd windstwm inwranc~ io tM viwl ~tandard pol~cy Fam, in a sum approv~cl by tM MORiG/1GEE, in iuch company or companie: as tM MORTGAGEE may directj N+d •11 fir~ ~nd w~nds~orm insuranct poliuei o~ ~ny of iaid build~np~, ~ny int~r~s~ tM~ein o~ pan tMrwf, in tM ap~req~1~ ~Om a(a~sald a In ~xc„f therao/, ~hall comain ~h~ us~al s~andard mor~9a9as cl~us~ a such oiha cl~uss as tfi~ Mw~pa9~~ m~y requin. makirq tFw lou unda said poli~ c~s, each a~d ~v~~y, p~yabt~ to u+d MORTGAGEE ~i its in~erei~ may appeu, and each and ~wry auch policy ~Full b~ prompt~y ass.~~ud ar+d dNivercd ~o ~ny hsld by ssid MORTGAGEE ~s fu~ther ~eturity to said matp~ge deb1, and, r?o~ leu Ihan tee? (10) daYS in ~flv~rKf O~ 1}N •XPif~iWlf Of fKI1 POIICy, to d? IivN ro s~id MORTGAGEE a rtnewal thareol, toqe~her with • receipl ~w 1M pnmium of such rtnewalr ~nd the~t shall b~ no fi~e a wir?dstam k?w~~nc~ plK~d on +~y o( ~aid b~ildinpt, ~ny intereit thaein p part thereof, unlest in th~ form ~nd with tM lou p~y+bk u~tw~iaid~ and tn tM tvtnt ariy Wm of mon~y becp,KS paysb7e ~nder wch policy w poiici~s wid MORTGAGEE sMll h~w tM optan ro rcceive and apply th~ sam~ o~ accamt oi tl+~ indeb~~ neu sacured hereby w ro permit said MORTGAGORS to receiw s~d u~e 11 ot ~ny pa~l thereot tot othcr purposes, without tha~eb~ waiviny o~ ~mpair- tnp sny puity, IiM w righl u~der w by virtw of this mortga~e; a~d in th~ ~vent said MORTGAGORS thsll fo~ ~ny reason isi) to keep tM s+id pr~mises w intured, or tail to deliver {xomptly ~ny of uid policies of insur~nce to said MORTGAGEE, or fail prompNy to pay fully ~ny premium ther~for oi in any ~ A' ~ respect lail fo pe~form, dischuge, rxecute, effect, complets, comply wi~h and ~bide by tlus covenant, w+ny part hereoi, ~aid MORTGAGEE m+y plac~ and i paY iw such Insurance or a~y paA thareof witl+out v~aivi:~g or affecrin~ ~ny option. Ifen. equiry. or ~i9h! unde~ w by virtw of this Mortp+p~. ~nd the 1u11 amo~nt of tacA and every tuch payment thall bs immediately dw and psy+ble ~nd sh~ll bear intere~t from ths dat~ thereoi uetil paid at th~ ~aN o1 nin~ per centum pe~ an~um and together with svch inte:est sMlt De secured by ihs lien of thi~ mort9ag~. 1. To petmif, tommit or suffe~ no waste, impairment o? deteriaation of said property w any part thereo~. 5. To pay all ~nd iirgulu the cwts, cMrges and expenses, i:-.cludinp a reaswuble attwney's fes and costs of ~b~trscts of title, incvned w p+id at ~ny time by said MORTGAG;E, becaux or in the event of the fa~lure on the put of tF+~ a~id MORTGAGOR 1o duly. promptly •nd fully p.~f«m, d~sch+r~~; executs, e!lec1, complete, comply wifh and ab~de by each ~nd every the stipulations, sgreements, conditip+s, and covenants of iaid promiuory not~ and thu er.ortysge ~ny or either, and said msb, ch~rges and e:pensea. esch and every, sMll be immediately due ind pay~bte; whether w rot ther~ b~ notict dr msnd, attempt to cotlect w s~it pending; and the full amount of each end evNy such payment,~hall bear interesl from tM date thereof until p~id d/M rate of nine per cemum prr anoum; arw! all said costs, chargei and expenus ~ncurred or paid, togb~her w~th such ints~ut, shall bs sscured by 1M liea of thq mortya9e. 6. Thst (a) in the evenf of any b?each ot thii Mwtgaye or defautt on the psrt of the MORTGAGOR, or (b) in the eve~f my of ssid tw~u of mon~y herein r~fe?r~d to bs nol promptly and tulty paid within thirty (30) d~ys neat after the same severally become due snd payable, withow demand a notite. o~ (c~ in ths event each and wery the stipulations, ag~~emtnts, cond~tiw~s aod covsnanu of u~d promiss: ry nots and th~s mort~aqe ~ny or eitha ara no1 iuly, promptly a.~d fully perfwmed. d~xha.ped. executed. eifeued, completed. complied with and abided by. ~hen i.~ either w any such ewM Ihe a~id a¢ gregate tum mentaned in said promiuwy note then remaini~g unpaid, with interest accrued, and afl money setured Frcrtby, shall becom~ dw and pay- able fwthwith, w thereafter, at the option of said MORTGAGEE, as fvlly ~nd tomple~ely as il all of the said sums o1 monsy were aigin+lly stipul~ted to be paid on svch day, anything in sa;d promisswy note w in thii Mo~lgage to the contrary notwithetsnding; and thereupon or thereafter a1 the option of said MORTGAGEE, wi~hout nohce or demand, suit at law w in equity, the~eforc or thereafter begun, may be prosecvted as if dl ma~ey~ sacured hs~tby had matured pnw to irs institution. _ 7. That in ths eve.,t rha~ at the begi~~ing of or st sny time pending any wit upon this Mortg~ge, a to fweclose it, or to refwm it, a to enfwce payment oi a~y cls~ms he~eunder, uid MURTGAGfE shall app~y to the Court havi~g juiisd~ction ~hereof (or ti+e eppointment of a Receive~, such Court sF?~tl foffhwifh appoint a receiver of said mortgayed property all and singul~r, inctud~ng ail and a~ngular the•income, profib, isfues and revenuef irom whatever source de~ivetl, each a~d every o1 which, i~ being expressly undersfood, is hereby mortgsped as if specific~lly tet fath and dewibed tn the 9rantiny a~d habendum cla~ses hereof, and suth Raceiver shelf Mve ~II +he broad snd effKtive Funct~ons and powsra in anywise entrwted by a Cov~t to a Reteivtr, and tuch appointment sha~l be made by such Cou~1 as an admitted equity and a mstter of ebsolute right lo said MORTGAGEE, and witFwut reference to the adequacy or inadequacy ol the value of the property matgaged or 1o the sonrcncy or insolvency oi sa~d MORTGAGOR or the defendants, a~d that ~uch ? rents, profits, income, issues •nd re~rnues shail be applied by svch Reteiver aooord~ny to the li~n w equity of s~id MORTGAI'sEE and the prattite of such Court. 3 8. To duly, promptly and fully perfwm, d~scharge, execute, effect, complete, comply with snd abide by esch and every the stipulation~, agreements, conditions and covenams in sald promissory note and this mortgags set fa~F. 9. That in the event the ownership of the mortgaged premises, w any part thereof, becomes vesled in a person other than the MORTGAGOR, tFw MORTGAGEE, its successws snd ass~gns, may, withou~ no~ice to the MORTGAOR, deal with such successor or successor in interest with reference ~to thit mc+~tgage a~+d ~he debl hereby secured in the same manne~ as w~ih Mo.tgaga w:~?wut in any way vit~ating o. d~scha~g~~+g the Morig~gws' liability herr under a upon tfx debt hereby secured. No sele of the premixa hereby mdrtgaged and no forbearance on the p+r1 of the MORTGAGEE a its successon or assg~+s and no eYtension oi the time fa the payment of the debt hereby srcured given by the MORTGAGEE or its succeasors or ~ui~ns, sfiall optr~t~ to release, d~scharge, modify ch+nge w affect the wg~nal liab~l~ty of the MORTGAGOR herein, eith~r in whole or in psrt. , 10. h is spec~fically agreed thaf time is of the esunce of this comract and that no waiver of any obligarion hereunder a of tM dtliyation sa cured hcrcby shali at a~y time ~he~esfter be held to be a waiver of the terms hereof or of the instrumeM secured fierby. ~ 11. In add~t;on to the forego:ng monthty payments of princ'pal and interest required by the prom~ssory rate secured hereby, mwtgago? eownsnis and agrees to pay to mo:tgagee with each monthiy payrnent an add~~ional sum est~mated by mortgagee to be equal to 1/12 of the annual cosl of the fdlow- ing: • A-Al! real prope.ty taxes {evied w assessed agai~st thc above described reel estate. B-Premiums on fire artd windstorm insurar.ce as herein requ:red fo be ca~ried on the improveme~ts sitvate on the ~bove described premises. C-Prem~ums on such mortgage guaranty insurar.ce as mo*tgagee shall from t~me to time deem fit to carry on the ban secured hereby. . Mortgagee shall from ~ime to time notify mortgagor in wrifing of the amount dw a~d payabte hereundrr and such sum shal) tixrevpon be d~e and i ~.ayable on the due date of the ~+ext monthly payment and each successive mo~th thereaiter ur.til mortgagee shall notify mortgagor of s change in such € a^~ount. Such sums shail be applied by mortgagee toward the payme~t of reai property ta:es, insurar?te prem:ums, and mortgage ~uaranty insur~nc~ ~ premiums. E IN WITNESS WHEREOF, the said MORTvAGOR has he~eunto set his hand and seal the day and ye iit:t aforesaid. ~ Signed, Sealed and delivered in the prese of: ~ ~ ~ ~ ~~q{~~~ 1 V /V ~ . y~' _ ~ ~7 7 Z ,h ~ - a ~~,~t s*?~7LS , ~ - ~ +Li,ERK C :'~.:!(T tAt~CT o e . ~ sea4 R£~Dil~ Y~itif7E; se.4 STATE OF FLORID ~ ~ `i I~7 ~1'~~ ~o~Nn oF st. ~u~~e ~ 338253 - Before me personally appeared Lloyd Taylor ~ ClOt lld@ F. Taylor his w~fe, to me well known and known to me to bt the individuats desuibed in and who exccuted the foregoi~g instrument, and acknowledged before me that they executed the sams for the purposes rherein expressed. And the sa~a Clotilde r' • Tdyl01' wife of the wid L-loyd ?aylor upon ~ sep~rate md privat~ e,aminatron by me taken separate and apart fiom her said husband, acknowledged to and before me that she exetuted said irotrument freply ~nd volur?~ ~ rarily and without any computsion, constrai~t, appreh ns' j qr fear of or from her said husband. ~ WITNE55 my hand and offiual xal this-~~~~ dsy of `J~e A. D. 19 76 ~ Notary Publ'K in a for t Sute of Florid~ ~1 lary~ My Commission ea 'res: ~ Return 10: . i Fint Fede~al $avingf 3 loan Association ~'~Olory VuF.lic, :;~~E . c • ~ , ~ i ~ Of Fort P erce. , My Caemi.4on fx~ f ~2. 197~ . Fort Pierte, Florida ~ i ~ • . : . ~a~ded by An:vicon i.rc a ~ ` ~~,5 : ~ , ` ' ~ This Instrument Prepared By John VJ. Collins= ~ 1 ...i_ } ~ ~ .y~ ~ L' ' First Federal Savings ~ loan Association J~ 3 ~ . of Fort Pierce ~ Floiida. n - t Checked By ~ ~ ~ r ~ E':i PAGE ~ i ~ _ r ~ _ ; - - - - ~ i ~ 3-e . _ G r.._ _ . _ ' - - -