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Home My WebLink About0613 3. To plac~ snd conr~nuously kecp on the bu~:d~~~gs now a hereaf~ar ~~tua~s on ~sid land and on ~II equ~p+nent and perwn~~ly covs~ed by ~h~~ mortp~ with •II premiums thereon pa:d in Iull, hre insurance in ~he ~sual ?tanderi! policy form, in a ium approved by th~ MORTGAGEE, •nd windstwm iniuraeue in tM uswl stand~rd poFCy lorm, in i sum approved by the MORTGAGfE, in such comp~ny a ta+~pani~s as ti» MORTGAGEE may dirxl; ~nd all fir~ and windstorm inwrence polic~es on any o( ssid b~rild~nys, iny +nl~r~~1 th~rein or put tMrwf, M IM aSpre9~t~ ium •lwtsaid or In ~xt~ts Ihereof, shall con~ain ~hs usual ~tandard mor~ge9e~ ctauie a such othtr daus~ ~s ~h~ 1Kor~p~9e~ may rtq~ir~, makinp ~M io~f und~+ snd po!F . cie~, each snd every, payab!e to sa~d MORTGAGEE as ~ts inlares~ may ~ppear, a~+d each and overy ~uch policy ihall be p~omP~~Y ~ 9^~'d ~o •ny held by u~d MORTGAl3EE as fur~nar securi~y ro sa~d morrgege debt, and, not teu ~han ten (101 da~s in +dwnce of ~M expiratk+n of each poticy, to dr liver ro se~d MORTGAGEE a renewa~ lhereof, to9ethar wi?h a receipt fw the premium of such renewal; aod ~her~ ihall bt no f~re w wind~~wm insuranc~ pl~ced a? ~ny of s+~d build~ngs, ~~y interes~ ~herem o~ pa~r thercof, unless in the torm and w~th the loss parable ai atoresaid; ~nd i~ the evtnf ~ny sum of monsy becomet payable unde~ such policy o~ pol~c~es ~aid MORiGAGEE shall have ~he opt~on to receive ai.d apply the same on ~ccoum of the indebted neu secured htreby o+ to pcrm;t said MORTGAGORS to receiva and ~st if w any pa~~ theruof fo. ofhr. pwpose~, w~~nout tha~eb~ wa~ving o~ nnp~ir• t in~ any equ~ty, Gen w righf under w by virtue of this mo:tgage; and in the eveM tafd MORTGAGORS shsll (w any reaion f~il to keep.lhe sa~d pr~miu~ so ~ intured, w fail to deliver promptly any of said poliues ot insur~nce fo said MORTGAGEE, o~ fail promptly lo pay fully any premivm the~sfor w in any retpect (ail to perlwm, discharge, execute, elfect, complete, tbmply with and abide by this covenant, a a~y parl hereof, ssid MORTGAGEE maY P~~ ~^d pay ior such inaurante oi ~ny part therso( w~ihout waiving w affectinp any op~ion, lien, equity, or riyhl unde~ a by virrw of lhis Mwt9ay~, and tht " full amount of each and every sucA paymem shalt be immediately due and payabte and shatl bear inre~e~~ (rom ths date tAereof until paid ~t the raH o1 n~ne per tentum per annum and togrther with such interest shall be secured by the lien of this morfgaye. 1. To permit, commit or sufter no waste, impairment a dete~ioraYwn of said property or any p~rt thereof. S. To pay all and singular rhe costs, charges a~d expenses, in:luding • reasonabls ~tta~ey'a fes ~nd costs of abitrscts of titls, incurr~d w paid at any time by said MORTGAGfE, because o~ in the event of the (ailure o~ ths part of the said MORTGAGOR Io duly, promptly ~nd f~lly perform, dixhu9~, exccute, e((ect, comptete, comply w~th ~r+d ab:de by each and every the ~t~pulanons, sgreementt, condNwns„+~d covenants of said promissory note and this mortgage any o~ e~~lx?, and sa~d costs, charges and expenses, each and every, sM~l be immediately dua and pay~ble; whether p not there be notice d~ mand, attempt to collecl w suit pend~ng; and Ihe tull amounf of tach and evtry avch payme~l shall bear interest from the date thereof unti~ paid at the rate of nine per centum per an~wm; a~~d ali said costs, charges and expenses incurred w pa~d, together w~~h such interesl, shall b~ securgd by the lien of thi~ morlgags. ~ 6. That (a) in the evenf of a~y b~each of this Mortgage o~ default on the part of the MORiGAGOR, or (b) in the event any of said sumf of money hercin rcfened to be not prompNy and lully paid witfiin Ihirty 130; days next after the same sevcra!ly bccome due ~nd payable, without demand a nofite. or (c) in the event each and every the stiputar~o~s, agrecments, conditio~s and cavanants of sa~d promiuo~y oote and ~h~s mortgage any a ~ither are nw ~uly, prompdy and iully perfwmed, d~scharged, exewred, effected, compteted, compGed w~th and ab~ded by, then in ei~her or any such ~vem tht sa~d ag gregate sum mentioned in said p~om~sso~y note the~ remaining unpaid, with int~rest accrued, and all moneys setured hereby, shall becort~e dw ~nd pay- eble (orthwirh, or rhereafter, at ehe opf~on of said h10RTGAGEE, as iully and cempletely as if •II o~ ~he said sums of money were orginally sttputafed to be pald on such day, anything in :a.d promissory note or in ~his Mortgage to 1he contrary norwnhsiand~ng; and ~hereupon or theresfter at the op~ion of said MORTGAGEE, w~thout not~ce or den~and, suit at (aw w in equ~ty, thercfwe w thereafter begun, may be prosecuted ~s if all rrwoeyi iecurtd hereby had matured pnor to its institution. 7. Thaf in the evenr ~hat at the brglnnlrg of or at any time pend~~g any s~it upon th~s Mortgage, or to faeclos~ it, a to reform it, o? ro enfwu payment of any claims hereunder, said MORTGAGEE shal! eppiy to the Cour~ having jurlsd~ction thereof for the appo:ntment of s Receive~, such Court shail forthwith eppoiM a receiver of said mortgaged prope~ty all and singula~, includmg ail and singular the income, p~ofits, iuues and reveoues from whatever tource derived, eacA snd every of wh~ch, it bemg expressly underatood, is hereby mortgaged as if specifiuily set forth and dewibed in the gr.Miny and habendum cla~aes hereof, and such Receiver shal{ have alt the broad and effect~ve fu~ct.ons a~d powers in anyw~se entrusted by a Cour! to a Receiver, and wch appointment ahall be n~ade by such Court as an admitted equ~ty ar~d a matte~ of absolute right to said MORTGAGEE, and withoul reference to the adequaq w inadequacy oi the valve of fhe proper~y mortgaged or to the so;vency w~nsolvency of said MORTGAGOR p the defendants, and that su:h renrs, profits, income, issues and revenues shafi 6r appl~ed by such Rece~ver according to the fien or eq~ity of said MORiGAGEE and the pratlice of ivch Court. 8. To duly, promptly and fully p~rform, discharge, execute, effect, complete, comply with and ~b'; by each and every tFx stipvlations, ~greements, conditions and tovenants ~n sa~d promiuory note end th's mortgage set forth. 9. That in the event the owne~sh~p of the mortgaged prem~ses, o~ any part thereof, becomes vesled in a person othe~ than ihe MORTGAGOR, the MORTGAGEE, its successors and a~s~gns, may, without no~~ce to rhe MORTGAOR, deal with such successor a successor in interest with reference lo this mor~gdge and the debt hereby secured in the same manner as w~th Ntortgaga without in any way vit;aling o~ d:scharging the Mwtgagori liability herr vnder a upon ~he debt hereby secured. No sate of the p.emises hereby mortgaged ~nd no fwbea?ance on tFr pan of tM MORiGAGEE a its suctessors or aasigns and no exte~sion of ihe time ior rhe payment of tl~e debt hereby sec~red yiven by the MORTGAGEE or its successors or iu~~nt, .sMll operate . ro refease, d~scharge, modify change or affect the orig~nal tiab~lity of ~he MORiGAGOR herein, either in whole w in pa~i. 10. Ir is spec~~icatly agreed ~f~a1 lime is of s4e essence ot this contract and that no weivr of any obliyation hereunder or of the obliyation sr cured hereby shalf at any time thereafter be held lo be a waiver o( the terma hereof or of the i~alrument secu~ed herby. 11_ In add.t~o~ to tfi~ fwego nq mo~,thly paym~nts of princ pal and interest required by ihe p~om~ssory no!e secured hereby, mortgagor covenants and agrees to pay to n:atgagee v`i!h each roonthiy payreent an add~rional sum est~mated by mortgagee to be equal to i; 12 of the annuat cost of the folbw- ing: A-All real properfy taxes te~~~ed or assessed aga~•ist th-- a6ove descr~yed real estate. . i B-Pr~nvums on fire and w~ndslxm insurar.ce as heretn requ:red lo be carried on the improvements sifvate on the above described premises. i C-Premwms on such mortg;ge guaran!y ir,sura~~ce as mortgagee shail from t~me to time deem fii to ta~ry on t!x loan secured Fx~eby. j Morfgaqee shall from rlme to +~me notify mortgagor in wrlt~ng of the emount due and payable her~under and such sum shall thereupon bt due and k F~~~~Yable on the due date of the n,~at monthiy oayment an~ each successive mortth thereafrer ur,til mwtgagee shall notify mortgagor of a change in such ~ a~•~o~nt. Such sums sha~i f~e app~ieJ by mortgagAe toward the payment of real property taxes, insurence prem:ums, and mwfgage guaranty insurance ~~emiums. IN Y117NESS +lNEREOi, the said l410kTGAGOR has hereunto set his hand and seal t day and year first aforesaid. ~ Sgned, Sealed and delivered in the presence o!: I ~ r iEG pfC03uE0 ~ ,n ( witness s ~ WClE COJMTr fLA. FY F it i ° ROCE~ Vp,=RI?S tSeaq ~ witness: ~ ~ CIERR C{i..u~r C~uRT - - - ` ~,n -~L~ llfr~yF.~ VE~~~:Et~ F . -_-_ts~.n ~ STATE OF FLORIDA ~_~(~j ~ 11 ~g P~ ~1~ i ~r. S COUNTY Of St _ Ll1C1C ~ ~1~ 5 ~ Befwe me penonal{y appeared FI~ Felt __~1nis~Feit his wife, to me well known and known fo me to be ~ the indiv~duals descnbed in and who executed the foregoing in:trumem, and acknowte~ged before me lhat they executed the same fw the pwposes ~ therein e:pressed. And the sa~d ~'ZO1Se Felt ~ wlfe of the said Fred Reit ~p~r~ ~ xP~~~~e ~n~ prrv~n exammation by me taken separate and apart from her said h~sband, stknowledged to and befwe me that she eaetuted said instrument freety and volurr ~ rarily and w~tho~t any computsion, constraint, apprehens~on`, or, f,ear 'of or from her said husband. WITNESS my hand and offidal seal this___-__~~G day of J~e A D. 19 76 s Y i / i7 -~i J ~~~iLC~~../-~ ) ' iv~L4~Y~ x ~ Notary Public in and (a the 91 te of F{orid~ at lups- ~ My Commission eaj~ires: ~ ' Rewm Ta ~ IQ ~i G'' ~ ~j: • . `'~i: . 3 Finf Federal Savi~gs d Loan Assouat~on . f ~ O( Fort P.crcc ' " ~i r ~ Forf P~erce. Frcnda = ~ • _ ~ . ~ . '.I. ; This instrument Prepared By~~ H. Roberts Jr. ~ f., ~ First Federal Savings & loan Assouation . . ~ ~ : ' • ~ . • _ ' of Fort Piercey Flozida 33450 - r r f ~5~ ~A~.F . . . . ~ Checked By ~ ~ . ~ : , ~ ~ . ~ ~ ; d z ; , ~ ~~~;~_~~-r__~.___~.. ~ , ~._.a