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Home My WebLink About0869 3. To place and continuouily keep on the b~i!d~ngs now a hereafte~ utuete on iaid lend and on al{ equ+pment and pertonally covered by this matg~ •ge, with all p~emiums Ihercon pald In full, fire insvrance ~n the uwai st~ndard po:icy fo~m, in • sum approved by the MORTGAGEE, and windsto~m . insur~nce in tM usual uandard pol:cy form, in a ~~~n approved by ihe MQRTGAGEE, in such tomF~ny o~ companies ai tM MORiGAGEE may direc~; a~d all fire and w~nd~~orm insurance po~~c~es o~ any of sa~d build~n9s, any i~~eiae~ ~F+e+ein or part thereoi, in th~ ~ygrey~~e sum afw~uid o~ • In e:ceu Ihereol, thall contain the usual s~andard ~norsgaflee clavse or such o~her dause as the Maiyages may rcqu~~s, mi4inq Ihe los~ u~+der sa~d poli- ue~, each and every, payab~s to s~~d A10RTGAGEE as Ns in~erost may eppear, and eac~+ and every auth policy shall be promptly ats gned and delivered to ~ny held by said MORTGAGEE as f~r~he~ secu~ity to sa~d ~~ortgeye debt, and, ~ol less tMn ten (10) days in advance of the expi~atio~ 01 eath polity, fo de live~ to uid MORTGAGEE a renewal the~eof, toqe~hsr wilh a receipt tw the premfum ot tuch renewal; and there shall be ra fire o~ windsto+m in~uranc~ plet~d on ~ny of s~id buildi~gs, ~ny interest there~n o~ part thereoF, unless in the form and wilh th~ 1os? payable as afae~~id; +~d in tM tvtnl +ny sum oi mon~y becomes payabte under such policy w poGcirs said MORTGAGEE ahall have ?he opho~ to receive and apply ths sams on account o( Ihe indebt~ ~ neu ucured hereby w to permit sa~d MORTGAGORS to rece~ve and uie it or any port thercof tor oine. pwpoaea, wi~hou~ the~.ui wai~~ng ~r ~mpair- ' ing any equity, lien or rlghl under w by virive of Ihis mo:tyage; and in the event taid MARTGAGORS shall fa any reason fail to keep the said premises so ~ i~sured, or fsil ro delive~ promplly any oi said polKies of ~nsu~ante to sa+d MORTGAGEE, a(ail promptly to pay fully any prem;u~n therefor w in a~y ; respect fait ro perfwm, d~scharge, execute, e(foct, compte~a, comply w~~h ard abioe by this covenant, a~ny pa~f hrreof, taid MORTGAGEE may pl~ce •~+d ~ pay fw such insurance w any part thereof witAou~ wsiving a ~ffecting any oplion, tien, eqv~ty, o~ ~~gM unde~ or by virtw of this Mortga9e, and tl~e ~ full amount of each s~d every such payment shall bc ~mmediately due and payabte and shnll bear interest from ths date thereol ~ntil paid ~t the rate of { ~ine per ceMUm per annum and to~ethe~ wiM ~~rth-in2erest shali tu securod by the lien of this mortgaga ~ 1. To permit, tommit w suffer ~o waste, impairment a deter~oration oi said property w any parl thereof. S. To pay all and siryular the co~ts, charges and expenses, including a reawnable attoiney's fee and cos~s of abstratn of ti?le, incurred or paid al any time by sa~d MORTGAGEE, bccause w in ~he event of the fa~lure on the pa~~ of ihe said MORTGAGOR to duly, promp?iy and fully perform, d~uharge, execute, eifed, complete, comply w~th and ab:de by each and every the s~ipula~~ons, agreements, conditiau, a~d covena~ts of ssid promissory note and ~his mwtgafle any w either, and sa~d costs, charges a~ eapenses, eacA and every, shall be immrd~ately due and payable; whether w r?ot there bs notice do- mand, ~ttempt to coltect or suit pend~ng; snd the ful) amount of eath and e~ery such payment shall bea{ interest from ~he dale thereof untit paid at the rate of nine pe~ centum per annu:n; and all said costs, charges and expenses int~rred or paid, togeth~r wAh such interosL ~hall be secured by the lisn of thi~ mortgap~. b. That (a) in the event of any breach of this Mortgage or default on ths part of the MORTGAGOR, o~ (b) in the event any of ss~d t~ms of money herein referred to be not promprly and fully paid wirhin th~rty (30) days nexl after the same severally become due snd payable, without demand a notice, or (c) in tt~event each and every the sUpulafions, agreemenfs, conditions and covcnants of sa:d prom~swry note and th~s morlysge any w either are no1 iuly, promptiy and fully performed, dncharged, execueed, eifected, completed, complied wirh and ab+ded 5y, then in e~ther w any such evem the said sy~ gregate sum mentioned in said premisaory note then remaining unpaid, with interest acuued, and all moneys secured hereby, shall become due and pay- able forthwith, o~ thereafter, at the option of said MORIGAGEE, as fully and compte~ety as if sll of the said sums of money were wiginally st~pulated to be pa~d on suth day, anything in sa:d promissory nose w in this Matgage to the contrary nolwirhstanding; and thereupon w thereatter a~ the option of seid MORTGAGEE, without norice o~ drmand, suit at law a in equ~ty, theretue or thrreaieer begu~, may be prosecuted as if all moneys secured hereby had maturCd pr~pr lo itf inslitutiOn. 7. That in the event rhat at the beginning of or at any time pending any sv+t upon this Mortgsge, or to foreclose it, or to ~efwm i~, w to enfwce payment of any claims hereunder, said MORTGAGEE shall apply to the Cov~t havirg ~urisd~cuon thereof fa ilx appo~ntmrM of a Receiver, such Court shall iorthwith appoiM a receive~ of said mortgaged property ail and sin9utar, inctud~ng a~l and singu~a~ the income, p~ofiu, issues and revenues from whatever sovrce derived, each and every of which, ~t being expressly understood, is h.ereby mortgaged as if spec~fically set forth and detcribed in tlx g?snting and . haoer+dum ciauses hereof, and suth Receivtr shall have all the broad and effective fund~ons and powen in ~nywise cntrus~ed by a Cou~t to a Receiver, and :.,ch appointme~~t shall be made by sucfi Co~rt as an admitted equity and a matter of absolute right lo said MORTGAGEE, and without roference to the edequacy or inadequaty o( the va(ue of the properry morrgaged or to the soivency or insoivency oi said MORTGAGOR a the detendants, and that such rr~~s, profifs, income, issues and reven~es shall be applied by such Receiver accordiny to the lien or equiiy of wid MORTGAGEE and the practice of such Court. 8. To dufy, promp?ly a.~d fully pe~fo.m, d~scharge, execute, effect, comple?e, camply w~th and abid~ by each aod every the stipulations, agreements, conditans and covenants in sa~d promissory note and this mwtgage set forth. 9. That in the eve~t the ownership of the mo~tgaged premises, w any part thereof, bxomes vested in s person other than the MORTGAGOR, the MORTGAGEE, its successors and assigns, may, wifhout no~ice to the MORTGAOR, deal with si.ch succeuw a successor in interrst with ~eference to this n:orrgage and the debt hereby secured in the same manner as wifh IAo~tgagw w~thout in any way vitiating w diicharging the Mortgagori liability herr under w upon the debt hereby secored. No sale of the premises hereby mortgaged and no forbearance on the pu~ of the /~10RTGAGEE w its successors or assigns and no eatension of fhe time for the payment of the debf hereby secured given by the MORTGAGEE or its successors or auigns, shall operate ro release, d~scharge, modlfy change or affect the orig~nal Gau~l+ry of the MORTGAGOR herein, either in whole or in part. 10. h is speufically agreed that t~me is of the essence of th~s contract and that no waive. of any obligstion hereunder or of the obUgation sr cured hereby shall at any time thereafter be hefd to be a waiver oF the terms hereof or of the inatrument secured herby. 11. In add:t;o~ to the forege n9 mon~h!y paym~nts of prir,c'pal and inferest requ~red by the p~omissory no!e secured hereby, mortgagor covenants 3nd agrees to pay to nso-tgagee ~nith each monthly p3yment an addrional sum esr~mated by mortgagee to ~e equal to 1,`12 of tix annual cost of tFx follow- :ng: A-All real properry ta:es le.eed or assesstti a9ai~st the a~ve desaihed real estate. B-Prerniums on f~re and windstorm ~nsuracce as herein requ:r`d to be carried en the improveme:?ts s~tuate on the above d=wibed premises. C-Premiums on such rr.ortgage guaranty ir.surar,~e as m~.tgagee sha~1 from t~me to i~~ne deem fit to tarry on the loan secwed hereby. N~ortgagee shali from ~~me to t~me nor~fy morrgagcr ~n writing af the amount due and payable hereundt~ and such surn shall thereupon be due and ~ayable on tbe due date of the neat rnonth:y paymen{ and each successive month the~eafter urtil mortgagee shall notify mortqagor of a charge in such j ~~-~.ount. $uch sums sF.ali 6e app'.;ed by mortgagee to«ard the payment of real property taxes, insurance prem.ums, a~xJ mortgage guara ty insurance j premiums_ ~ IN WITNESS VI~MEREOF, the said MORTGAGOP. has hereunto set his hand and seal thq da e ~rst fwe . j Signed, Seated and liv r~ in the presence of: ~ f aq ° - ~i~EC~ ,w~ =~c~?~EO . ~ ST tl;.t~ C~l4iY FLA_ oy (Se•q p vt - iCU~T ~Seaq S o e . ay r S 4L:J: ^ : ~1~ ~ a/ _ _ ' r . ~Seaq z ; I t ~ STATE Of FLORIDA ~ (uL 21 9 4Q pK'~~ SS.~ ~ ~OUNTY OF SL . Luc ie ~ ~ ~fae me perwnally appeared Lloyd 2aylor a~ ; ~ Clotilde F. Taylor ~ his wife, to me well known and known fo me to be q ~ the individuats described in and who eaecuted the forcgoing instrument, and acknowledged befwe me that rhey executed the ssme fw the purposes ? ~ Clotflde F. TaYlor i ~ rherein exp?esxd. Artd ihe said w~(e of the said Lloyd Taylor .t upon a sepsrate and privets ~ e.am~nation by rne taken xparate and apart from her sa~d husband, acknowiedged to and before me tFwt the executed said in~trument freely and voluo- ~ ~anly and witho~t any compulsion, consrraint, apprehension, ~ fear of or from her said husband. e WITNE55 my hand and off"rual seal this__ ~~lo day of `jul A D. 19 76 ~ ~ t Notary Public in f the State of Fbr'~da at larye } s ~ My Commission xpires: ~ Return To: 1~le}pry pu4~'iy Sta1o of F1er.da a1 large t - ; first federal Savings 3 Loan Associat:on My Commisaon Eap:ras Jvly 22, 1977 = or fo~~ P erce. bonded br M+srico~ fi.e a Co:~wssy to. Fort Pierce, Floride •`f ~ i This {nstrument Prepared By R~ert A. 9wisher, Jr. ~ ~ First Federal 5avings 8 Loan Association ~ ~ of Fort Pierce, Florida _ ~ ~ ~ - - t~ ri ~ Checked By ~ _ ~ ~ . ~ ~ ~'I 1 ~ - ; ` ~'~r ~:~1J PA~E ~ ~ s //~.~J ~ ' ~I;;~j,..,~.. ~ ~ C }l ~ ~ ~ _ ~ ~n~ ' s_ _ _s:w~,~ _ . . _ _ .~~f ~