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Home My WebLink About0986 To p~ace and cont+nvously ?esp on the bui!J~ngs ~ow or hereaf~er ~i1w~e on ss~d I~nd and on etl equ~prnent •nd {»rsonslly toveied vy this malg- ~gs, wilh all prem~~ms theieo~ pa.d in (uil, fire ~nsurance in ~M usuel s~anderd pot;cy fo~m, i~ ~ ~um approved by the MORIGAGEE, end w~nclito~m insurant~ in the usual ttandard pol~ty lorm, in ! sum app~ovnd by ~he MORiGAGEE, fucA tompany o~ cor~panies af tl+e MORTGAGEE may direcl; ~nd all tir~ ~nd w~~datorm insurance pol~cies on any ot faid buiid~nqs, any intereat theiein or p~rl thereof, in IM apg~eq~te ~um afpeia~d a in ~xceif ~henwf, ihaH conrain the usual •~a„da~d mo~tgayee clause or ~ucA o~her clau~e a~ tl+~ Mo~tgagee may requ,n, makin9 ~he toss unde~ ~md polr cie~, each end every, payab~e to said MORTGAGEE aa in~eresl m~y apps~r, and each and every tuth potity thati tx promptly au.9ned snd deiivered ~o •ny held by said MORfGAGEE ~t (ur~her tec~rify to said ~nortgega debf, and, nof leis thsn ten 4~0) d~ys in advance of the expiration ol e+ch policy, to t!a liv~r to iaid MORTGAGEE s renewal Ihereoi, topsihtx wilh a rete~pl for 1he premium of iuch renewal; end there thall be no f~re or w~ndti~o~~n inturance - plK~d p? any of said buildinys, a~y interesl theran a pan thereof, vnlest i~ the fo~m and with th~ los~ payable es a(ore~~id; and in th~ event any tum of money becomea psyable ~nder such poficy a pol~ues said MORTGAGEE shall have the opt~on to ~eceive and apply the sam~ on account ot the indebt~~ ne~s aKUred hereby w ro pe~mit ~aid MORTGAGORS to reteive and u1e i1 a any part thereol lor o~hcr pw~•osrs, .v.thout th~•~u~ wa~v~,eg cr ~~npo~r- infl ~~y equity, lien o~ right undcr a by virtus of this mo:tgage; s~d in the evenr ~a'd MORTGAGORS shall fa any tea~on fail lo keep the s~id p~emi~a w insured, w tsil to de~iver pianptly any of sa+d polKiei of i~tu~a~ca to fa:d MORiGAGEE, w fail promptly to pay fully sny prem~um therefor o~ i~ any •,t respeU fail to pe~fwm, d~scharge, execute, effect, cwnple~e. comp~y with and ab~de by ~his covenant, u any part hr~eol, said MORiGAGEE may pl+te and ; psy la such ir?sursnce or any part ~hercof w~~hovt waiving a affecuny any opt~on, lie~, squ~~y, o~ righ~ under or by virtw of thit Ma~9sq~, and th~ futl amount of each ar+d every such payment shall be im~nediately due snd payable and shall bear inte~est from ~M date thereof until paid at ~M ratt ol ~ nine per tentum pe~ annwn and to~elhcr with iuch inte~est shafl tx s:tured by the fien of thi~ mo~tQage. 1. ?o permit, commit or suffer no was~e, impairmcnt or deter~oror~on of iaid property a any part Ihereof. S. To pay all aod aingular the costs, charges a~d expe~ses, inclvd~ng a reesonable ettaney'~ ice ar+d cos?s of abs~racts of t~tle, ~ncurred o• pa~d at any time by sa;d MORTGAGEE, because a in the event of the faitu~e on the par~ of the said MORTGAGOR to duly, p~omptly snd fuliy per(am, d~iclurge. executs, effect, complete, comply with and ab:de by each and every the stipulat~ons, agreements, conditions, snd covenanls of said ~omissory note and this mortyage any a ei~her, and sa~d coses, cha~qei and expenses, tach and every. shall be immediately dve and payable; whether w not there be notice d~ mand, attempt to tollect or suil pend~ng; and the tull anwun~ of each and every suth payme~t shall bear interest (rom the dafe thereo! vnfil pa;d at Ihe raie of nine per crmum per an~wn~; and atl said cos~s, charges a~.d expenses incur~ed w paid, together w~~h such intereit, shatl be aecured by the Gen o) thi~ mortpaye. . d, ihat (a) in the event of any breach of lhis Mo.tgage or defautt on the part of the MORTGAGOR, or (b) in tht avent ~ny of ss~d svms of maney herein referred to be ~ot promptly and f~lly paid within th~rty t30) deys next aiter the same severatty become due and payable, without demand or r?otite, or (c) i~ the event each and cvery the s~ipv7ations, agreemenh, co~d~tio~s a~d covenants of sa'.d promissory note and th~s mo~tgage any w e~~her are nol ~uly, prpnptly and iully performed, d~scharged, executed, ei}ected, completed, campfied with and abided Sy, then in either a any such event the sa~d ag- gregate sum mentioned i~ said promisswy note then remaining unpaid, with i~rerest acc+ued, and all moneys xecured hereby, shall become due and pay- eb+e forthwilh, or thereafter, at the op~ion of said MORTGAGEE, as fully and completety as if all of the w~d sums of money we?e or~g~nally f1~pu:efed ro be pa~d on such day, anything in sa:d promissory note or in this Mwtgage to Ihe contrary notwithsranding; and therevpon w thereafter at the opt~o~ of sa~d MORTGAGEE, wi~hout not~ce or demand, suit at !aw or in equ~ty, thereiorc or thereaftcr begun, may be prosec~ted a~ ii all moneys secured hereby had matured pnw to as ins~it~t~on. 7, That in the event that at the 6eginn~ng of or at any time pe~d~ng any suit upon this Mortgagc, w to fwectose it, or to refwm it, or fo enfores payment of any claims hereunde~, sa~d MORTGAGEE shall apply to rhe Coure hav~ng jur,sd:ct;on thereol for the appointment of s Receiver, such Court shatl forthwith appo'~nt a ~cceive? of said mortgaged property afl and singular, i~ciud.ng aIi and s~ngular the income, p~of~ts, issues and reven~es from whatever wu~ce derived, each and every ot wh~ch, it be~ng expressly unders~ood, is hereby mortgaged as if spec~ficalty set forth and described in the gronting and habendum clauses hereof, and such Recei~er shaN have ali ~he b?oad and effec+ive fu~ct.o~s and pov.ers in anyw~se entrvsted by a Court to a Receiver, a~d s~ch appoimment shall be made by s~ch Cou~t as ao admilfed equity and a matter of absolute ~~ght to said MORTGAGEE, and withoW refercnte to tht ed~quacy or inadequacy of tha value of the prope~ly mortgaged or to the so,vency or ~nsotYerrcy o( sa+d MORiGAGOR p the defendants, and that such renrs, profits, incame, issues and ?evenues shall be applied by such Recener ac~ord~ng to the lien or equity of said MORTGAGEE and the prsctice o( such CourT. 8_ To duly, promptly and iully perform, d~scharge, execute, effect, complete, compty w~th and abide by tach and every the stipulations, agreeme~ts, conditwns and cove~ants in u~d promisso~y note and th~s morrgage ser forfh. 9. That in the eve~t the ownership of the mortgagrd premises, o. a~y part thereof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its succeuors and ass~gns, may, wieho~~ nor~ce to the MORTGAOR. deal with such successor w successor in interest with re(erence to th~~ mortgage a~d the debt he?eby secured i~ the same manner as with Mortgagor without i~ any way vitiating w d~scharging the Mortgaqora' liability here- under ar upon the debf hereby sec~red. No sale of the pre~•~~ses hereby mortgaged and no forbeara~ce on the part of the MORiGAGEE or its successors or assig~s and no exte~sion of the hme iw ~he payment of the debt h~reby secured given by the MORTGAGEE ar its successora o+ ass+gns, slup operate ro ~elease, d~scharge, modify change or af(ect the orig~na! loa~~l~~y o1 the MORTGAGOR herein, eitFxr in whole or in part. IQ. tt is speu(icatly agreed tha? time is of the essence of th~s contract and that no waiver of any obl~gatron hereunde? or of the obligation se- cured hereby ahall at any time thereafter be hcld to be a waive~ of the terms hereof w oi the inslrument set~!ed herby. t 1. In add~tio~ to the (oreao'n9 ~nonthty paym~nts of prinCpal and ~n~erest requ~~ed by the p~om:ssory no~e secured hereby, mortgagor covena~is and agrces to pay to mortgagee v+,~th each mon~hiy pay~nent an add~~~onal sum est~mated by mortgagee to be equal to 1/12 of 1ne annual cost of the follow- ~n:?: - - A-All real property tax~s levied or assessed aga~nst the above d?saibed real estate. B- Premiums o~ fire and w~ndsto~m insu~arce as here~n rcqu~red to be carri±~d cn the ~mproveme~ts situate on the above destr:bed premises. C-Premiums on such mortgage guaranty ir.sura~.ce as mo:tgagee sha~i (rom t:me ro ri~ne deem fit to tarry on the loan secured hereby. f Mortgagee sfiafl !rom t~me to time not~F~ morrgago~ ~n wr:ting of the amount due and paya6le hereunder and such sum shatl thereupon be due and ! payable on the due da~e oi ~he next mo:+thly payment and each succesaive month thereaf~ei urtil mortgagee shall notify mortgagw of a change in such ~ a~r,ovnt. $uch sums shaii be app:ied by mortgagee tor.ard the paymrnt of real property taxes, +nsurance prem:ums, and mortgage guaramy insurance p~emiums. IN V+ITNESS +YHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day a~d year first~ foresaid. 5' ~ aled and {ivered ' the preun of: ~ ~ ~ - FIlEO AK~ ~ECUKOfO ~y~/ . ~ [ ~ - l~ _ ti C --C .Z (Seeq , :L St.~uc~E~C4~ TRAS~A. .i " aOCE• - T. J' Davis r- RC11{j COU (Sesl) t CIfRR C`• Rj • ~ , ~~„~.,ui i YEp~F1E0 (5ea1) ~ c~tn~~ t, t RECOR~ ~1 Nancy K. v i s ~~s~ ~ STATE QF ftOR19A C5N1. ~QF ~U ~6 ~K~ ~ u. 3s~4'7'7 :OUNTY Of _ 1 Before me personally appeared T. J. DaV 1 S e~ Nancy K. D~1V ] 5 his wife, to me welf known and known to me to be the individuals described in and who exetuted the foregoing instrumenf, and atknowledged before me that they executed the same fo? the p~rposes therein expressed. And the said ~ancy K. Dc'lV 1 S ~v~fe of the said T. ,.1. Davis upon a xparate and p~iv~te examinat~on by m- taken separate and apa.t f~om her seid husband, atknowledged to and before me that she executed said instrument freely and vofurr rarily and w~tho~t any compulsion, constraint, appreF~ens:o , or fear of or from r id husband. ,.y~'j WITNESS my hand and offidal seal this_ _ day of___~~~'~- C" ~ A. D. i91-L '7'k.,c ~ Notary P blic in a~d {or t ate M +M1P14R4~ ~ . ~ ~ , . Rerum To: ~ie ~OUMy, a~0 a . ' . r ~ Fint Federal Savings a loan Associat~on ~ 01 fort P~erce. ~ ~p~ iZ~~~.... . ~ Fort Pierce, Florida . : - - , . ! - - . ~ - ~ • . ~.J~~ ~~~~l1~~\ f~, This Instrument Prepared By ~na 1~3 E. Hughe s ~irst Federal Savings b loan Association . r_•; ~ of Fort Pierce ~ F 1 oz i da p~-~ ~~~f Checked By ~ '