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Home My WebLink About0983 J. To plec~ and conlinuouily ktep on Ihe bu+ld~ngs now o~ hereatttr ~itvat~ on ssid I~nd and on 11{ eqvipmtnf ~~d pa~on~lly covN~d by thi~ matQ~ p~, wilh •11 pren,i~m~ ~Fieieon µ~~d in (ull, i~re imur~nce in the ~~ual ~undard policy fam, in ~ ~um ~pprov~d by 11+~ MORTGAGEE, and winditwm (nfu~ant~ in tM u~u~l ~~~ndard pol~cy tam, i~ a ium approred by tM MORTGAGEE, in ~uch tompany or comp~nies. 1M MORiGAGEE inay direuj ~nd all fir~ ~nd windstorm insurance pol~ues on e~y of ~id buiid~np~, ~ny M~~re~~ ~h~~~in w part thcr~of, in ~M ay9rey~t~ sum ~fortsaid w In ~xcei~ thereoi, ~II contsin ~M usual ~randard ma~9+9ee clause a such o~Mr cl~~s~ ~s tM Mor~paqN m~y reqwr~. mdinp ~M lo» unda sa~d pot4 j ci~s, each ~nd ~v~ry. parabl~ ro i~id MORTGAGEE a~ ~ts inte~e~t m~y ~ppa~. and each ~nd tv~~y ~~ch pol~cy ?hall be promptly ass.9ncd snd d~live~ed to ~~y held by sa~d MORTGAGEE ~s fur~Mr seturity to ~aid morty~y~ debl, and, not I~~ 1Mn ten (10) day~ in sdvanc~ 01 ~h~ •xpiration of t~th polity, to dM IivN to aid MORTGAGEE • r~newal ~h~~~of, tops~F+K wi~h • fK~~pi ta ~M p~~mium of ~uch r~n~w~l; ~nd ~her~ ~hall b~ ~+o f~re or'wind~~am i~uu~anc~ pl~ced on ~ny of said buildinps, any interest tM~~~n or part tMrsof, unle~~ in ~M form and wi~h IM lau payabl~ ai afw~uid; u+d in ~he ~v~M any wrn of money becomes peyable ~nder such policy a polKits ~aid MORiGAGEE shall haw tM opt~oe? to ~eceiva and ~pply tM i~m~ on accoun~ of dw fndeb~ed ~ss s~cu~ed hareby a to permil s~id MORTGAGORS lo ?ett~ve and uN il p any part lhereol fw othcr pu~poses, wi~hout IherFO/ waivi~y Or ~mpair- inp any pv~ry, li~n or righ~ unde. or by virtw of thi~ mo::ga9e; and in ~h~ •ver~t ~a~d MORTGAGORS ihall fw any ttaton i~il lo keep ths aid p~~mltes so insu~ed. w f~i) to detivm promptly ~ny of aid policies of ini~ranu Io ~aid MORTGAGEE. a fail promp?ly to pay fvlly ~ny premium therefor a i~ a~y . ~~spect fail 1o pKform. d~uhs~ge, execvte, a((M, compl~te, comply wi~h u~d abid~ by this mvenant, a~ny put hereol, aid MORTGAGEE m~y ptace •nd paY fo~ ~uch ir?sursncs w+ny part ~Ae.eof w~~hout w~ivinp w~f(ecHnp a~y optan. li~n, pui~y, w r~gM unde. o~ by virtw ot fhis Mat~a~. and the full ~moun~ of each and evay such payment sMll be immediat~ly dw and p~y+bk and tMll bear iroere~t from tM d~te thereof until p~id at th~ rat~ ol nine pe~ tenlum per a~num and logrthe~ wilh suth intereal shall be secured by th~ ti~n of thi~ mwtyap~. 1. To permit, tommit w sufier no wsst~, impairment a deteraratlon of sa~d propaty a any p~H th~reof. S. To pay all and ti~pular the co~ti, chuges ~nd expenus, Includ~~y a reasonable n~orney'~ fee aod co~ta of abstracts of titls, inc~rred or paid ~t any time by said MORTGAGfE, betause o~ in ~he event of the fail~ro on the part of tM iaid MORTGAGOR ro duly, promptly +nd fully pertam, d~xhary~, exccut~, e(/cd, complete, comply w~th end ~b:de by ~ach •nd every ~he stipula~~ons, ~grcement~, conditiau. •nd covenann of said p~omiuory note and thi~ mort~a~a ~ny a eirhe~. and sa~d costs. charges and expenses, each and every. shall be immediately dve and payeble; whether p not thsr~ be notice de mand, sttempt fo tollec~ or suit pending; and the full amount of each ~nd every svch paymem sMll bea~ i~tereit from ~hs dat~ tM~eof until paid ~t the ra?e o+ nine per cent~m pe. a~,~um; and all u~d cos~f, charges snd expenses incurred or pa~d, together w~tA such inte~eil. ~hall be setured by tM lie~ of thu mortyaye. 6. Thst in the evsnt of a~y bre~ch of th7s Mortqsye or defavtt on tM part of the MORiGAGOR, w(b) in the event ~ny of tatd sums of mon~y herein re(erred to bs not promptly and fully paid wi~hin Ihirty (30) deys nex~ atte? the same severally becoms due and payabl~, without dsmend o~ no~ice, or (c) in the event each and every the stipulations, ag~eements, cond~tiw,s and covenants of sa~d promiuoiy note and tA~s mwt~age any w e~ther are not ~uly. Promplly and fully performed. d~sch~rged, execured, e(}ectcd. completed. compl~ed with •nd ab~ded ~y. the~ in either w any s~ch ev~nt the s+~d a¢ g~egaca sum mentioned in ssid promisswy note ~hen remaining unpa~d, with intereu accrued, snd all money secured hereby, shal) become dw and pay- able forthwith, w Ihereafter, at Ihe oprion of said MORiGAGEE, as fully and canplelety as if alt of the said sum~ of money were wginally tt~p~lated to be p+~~d on such day, any~h~ng io sn:d p.om~uory note or in th~s Mortgage ro the con~rary nawith~~anding; and thereupon a theresfta ~he opNon of said MORTGAGEE, without notice o~ demsnd, suit st law or in equity, therefwe w thereafter begun, may be proaecuted ~i if all moneys secur~d hereby had matured pr~w fo its institution. 7. That in the eve~t thaf at Ihe be9innirg of w ~t any fime pending any suit upon il~is Mo?tgsge, or to fweclose it, w to refam it, a to enforce psyme~t of eny cla~ms he~cunder, said MORTGAGEE shall apply to the Court having jur~sd~d~on thereof fo~'the appo~ntment of • Receiver, such Cou.t shall forthwith appoint a recciver of said mortgaged property sll •nd singut~r, includ~ng all and singular the income, prol~ts, issues ~nd revenuea from whatever tource derived. each and every of wh~ch, it bcing expressty ~nderstood, is hereby mwtgaged as if speutically ut tath ~nd dewibed in the yrantinq a~d habe~dum clauses hereof, and such Receiver shall have all the broad and effec?ive funct~ons and powers in anywite entrusted by • Cou~t to a Receiver, ~nd ~uch appointmem shall be made by auch Court as an admitted equity and a matte? of absotute right to taid MORTGAGEE, ~nd without reference Io the edeqvaty or inadequacy of the val~e of the property mwtpaged or to the savency o~ ~nsoivency of said MORTGAGOR a rhe defendann, and that such renrs, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the Iien w eqvity ot said MORTGAGEE and the practice of luch Court. . B_ To duly, qomptly and f~lly perfo.m, discharge, execute, effect, complete, comply with and abide by each and every the stipulatw~s, agreemenb, ca~ditions and covenants m sa~d promissory note and this mortgage set forth. 9_ That in the event the ownersh~p oi the mortgaged p~em~ses, w any part Ihereof, becomei vested in a pe~wn other than fhe MORTGAGOR, fhe MORTGAGEE, its successors and ass~gns, may, withwt notice to the MORTGAOR, deal with such successor w successw in intereit with refe?e~ce to thi~ mo~tgage and the debt hereby setured in the same manner as with Mortgagw without in any way vitialing a dixMr~ing the Mortgagors' liability he~e- under or upon the debt hercby secured_ No sa~e of the Fremises F?ereby mortgaged ~nd no forbearance on the. part of the MORTGAGEE or its successors or assig~s and no extensio~ of the time fw the payment of fhe debt hereby securcd given by the AM1ORTGAGEE or it~ ~ucceuors or ~uigns, shall opente ro release, d~xharge, r»odify thange or affect the wig~nal liabifity of the MORTGAGOR herein, eithe~ in whole or in pa~L 10. It is specificatly agreed that time is of the essence of . this contract and that no waivet of any obtiyation hereunder w of tM obl(patan se- cured hereby shall a1 any time thereafter be held to be a waiver of the termi hereof or of the instrument secured herby. 11. In addn:o~ to ?he forego:ng mo~thly payments of princ pal and inrerest requhed by the prom~ssory nore secured hereby, mortgagor covenants and agrees to pay to mortgagee wirh each mon~hly pay~nent an add~rional sum eshmated by mortgagee to be equal to 1% 12 oi the annual cost of the foilow- ~ng: , A-AII real property taxes fe•.~ed or assessed agai~st the above descr~bed real estate. ~ B-Premiurns on I~te and wirtdstorm insurarce as herein rcqu~red to be tarricd o~ the improveme~fs sitvate on the above destribed premists_ ~ C-Premiums on s~ch mo~tgage guaranty insvrar,ce as mortgagee shall from t;me to time deem fit to carry on the loan secured hereby. Mongagee shalf from e~me fo t~~x not~fy mortgagcr ~n writ~ng of the amount due and payabte hereunder and such sum shall fhereupon be due and Fayable on the due dare of the ne,et monthly payment and each succesiive month thereafier urtil mortgagee shall not~fy mortgagor of a char?ge in such amount. $uch sums shail be appiied by mortgagee toward the payment of real property taxes, insurarxe prem:ums, and mortgage guaranty inturance premiums. IN Y~ITNESS VIIHEREOF, the said MORTGAGOR has hereunto set his hand and seal the dey and y r first afwesaid. Signal. Seakd and delivered in the presence of: / a~ fll~0 ANO REC4RDE0 ~ ' ~ ST.lUC1E COUMTtf FLA a,mes B• S ~ ickla ,q u RGCrR P017RA5 ~ , « CLERK CtRCU1T COURT (5eaq REC~R~ ~EP~FIEO q STATE OF FLORIDA l .Y R(~ 7 COUNTY Of St . LllCl~ ( ~il+~I' I V ~~J 16 3S'V'T I~ 1 Before me personaily eppeared Ja~P. S$. S t r i c k la nd , _Jr _ and $L12dI1Tle St rickland his wife, to me well knawn and known to me to be the individuals described in and who executed the fwegoirg instrument, and acknowledged before me that they executed the same fw the pu~poses therein expressed. And the ss~d Suzanne B. Strickland wife of the wid ^ upon a separate and privat~ ~ exam~nation by me taken separate and apart fror.i her said husband, atknowl to ar+d before me that she executed said instrument freely and volun~ tarily and w~tFwut any compuision, conatraint, apprehension, or fear of w from her taid husbsn ~ WITNESS my hand and official seal this , V~ day of A D. 19 ~ 7 ~ ~~R.- ~ ~ Notary Public in and for the Sfats o ida ~t'larpt F My Commiu'wr? expird: % Retu.n To: ~30 19~ , ~ first Federal Savinyi 3 loan Astocistion ~ s Of Fort V~erte. - ~ ~ ~ ~ ~ ~ Fort Pierce, Florida . . •v ` , ~ s . ` This Instrument Prepared By ~ First Federal Savings 8. loan Association ~ , ' of Fort Pierce . Checked By j. ''Xs J F~~ ~ ~ pAGE ~ 1~ ~ •