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Home My WebLink About0496 To plact and cw+tinunualy keep on the buildirpf now a l+~r~afta ?itual~ or said la~d and on ~II cquipnent ~nd personally cov~red by tA;s morlp. ags, with •II premiums thereon pa~d in full, fi?e insu~~nce in ~Ae usual ?tandsrd policy lorm, in ~ sum ap~o+td by Ihe MOR~GAGEE, and w~ndstam ~niuranc~ in ~he utua) •undard pol~cy fwm, i~ • tum approved by ~ht MORTGAGEE, in ~uch company o~ compan~es at ~M MORTGAGEE may d~rect; ~~d all fi~~ and winds~am inwranc~ policiea on ~ny oi ~aid build~ny~, ~~y inta~it therein o~ pa~t the~eol, in 1he ~gy~~yate ~vm afaew~d w In e~cceu Ihereof, thaU coouin 1M vsual ~t~odard mor~9+~ claus~ a tuch o~ha clavs~ as tM Nbr~y~yte may reqw~~. mekinp ?he lo?s unda sa~d poli- c~e~, each u+d evay, payabte to said MORTGAGEE a~ i~s intero~t may app~ar. ~nd ~ach and way such poi~cy shaU be prompHy ~u.gasd and delivered ~o •ny held by isld MORiGAGEE a: fur~hsr sec~ri~y ro uid mor~qs~s debf, and. not I~u tMn ten i103 days in sdvance of ~F~e •xpu~t+on o1 exh polKy, to d~- I~ver to iaid MORiGAGEE a renewsl thereof, to~e~ha with a reteipt for the pr~mium oi such ?enewal; and thers sMtl bo no f~re or winda~orm insur~nce • placed on ~ny of s~id building~. ~ny inte?est tlxrein a part thereof, unless 1~ tM form and wi~h ~M loss payab~e as aforesaid; and in the event any tum of moMy becom~s ?ay~bte under such pol'~cy w pol~cies said MORTGAGEE ~halt haw 1MO OptiOn 10 rKCivt and apply the same on accoun~ of the indebfrd- neis ucu~ed Mreby w ro pe~mil iaid MORTGAGORS lo receive and us~ it o~ any part ~hereof fa osher pur~oses. .•.~~ho~t ~h~~. u~ .vsi~i~ig or ~n,~i.- ing any puity, lie~ or right under a by virtw of this mortyapr. s~+d in tM ~vent ~aid MORTGAGORS thall !or any ~ea~on fail to kecp ~ha taid p~emiset w imured, a fail to deliver promp~ly any of wid polK~ei of insuranc~ to uid MORTGAGEE, w fail promp~ly lo pay fu11y any premium ~hcrefa o. in any respect fail ro pe+(am, dischuge, execufe, ~ftect, comple~e, comply wi~h and abids by this covenant, p any par~ hereof, sa~d MGRTGAGEE may place and pay ta such Insurance w any part thereof without w+iving a aifectinp any option, lien, equity, w right unda w by vi.tve of this Mo~lyage, and the f„II amovM of each and e.wy svch paymeM shall be immedi~tdy dw +nd psy+bk snd sh~ll beu interesl from ~he date thereof until paid at the ~ate of nine per centum per annu~n snd togethrr with s~rth i~tc~est shall be secvred by ths lien oi this mortpa~e. 1. To permit, commit a suf(er ra wa~te, impa'ameM w dete~ioratan of said properry o~ any part thereof. S. To pay atl and sinyulu the coats, charges +nd expertr~, including o reasonable attaney i fee snd costi oi abstracts of 1~tle, incurred or paid at any time by sa~d 1NORiGAGfE, becauss o~ in the event of the f~ilure on ths part of the taid MORTGAGOR to dvly, prompdy and fully pafwm, d~uharge, . exewte, etFect, complete, comply w~th and ab;ds by each ~nd every the stipulatant, agreeme~ts, conditions, snd mvenants of u~d p.om~:sory nots and ihis mortgage any or e3eher, and sa~d costs, charges and e:penses, e+th and every, sMll b~ immed~atety due and payabte; whether o~ na the~e be +w~~ce d~ mand, ~ttempt to coI1M or suif pendiny; and the tull amoun! of each and wery such payrtKM shall bcar interest from the date thercol unril paid at the r,ite of n~ne per centum per annum; and all aaid cosh, chargea and eapenses incurred or paid, ~ogether w~th such interest, shall be secured by the lien o1 this mongage. 6. That (a) in the event of any breach of this Matpa~e w deiaull on th~ psrt of the MORTGAGOR, a tb) in Ihe event ~ny of iald wma oi naney here~n referred to be not promptty and fully paid within th~rty (30) days next after the same severally betome due and payab~e, w~thout der~and or notice, or (c) in the event each and every the stipvtations, agreemtnts, co~ditions and covenants ot sa~d promissory note and th~s morlgage a~y or either are not iuly, prornptly and fully performed, d~uharyed, exsculed, effected, tompkted, tomplied with and abided ~iy, then in either o~ any such event tM said ag- . gregate wm meMioned in said promiuoty note then remsinirp unpaid, witF~ intsrest acuued, and all mooeys secured hereby, sh+tl brcort~e due and pay- ab!e fo~~hwith, w thereatter, at the opt~on of said AhORTGAGEE, as fully and completely as if all of ~he said sums oi money were wg~na~~y st~p~lated to be paid on such day, a~ything in said p?om~ssory note or in this Matgsge to the co~trary notwithsta~ing; and thereupon w thereafter at the opt~on of :a:d MORTGAGEE, without notKe or demand, suit at law or in equity, therefwe w therealter begun, may be prosecuted ss ii all moneys secured hereby had matuted pr~w t0 iti institution. 7. That in Ihe event that at the beginning of or at any time pending ~ny suit vpor+ this Mwtgage, w to iaeclose it, or to refarm it, o? to enforce payment of any claims Ixreunder, said MORTGAGEE sha~l apply to the Court having juri:dKtion ?hereof for the appo~ntment of a Receive~, svch Court shall Forrhwith appoint a receiver of said mortgaged propvty all and tingutsr, inct~rd~ng all a~d singulu the income, profits, issves and ~eve~ves from whatever sou~ce derived, each and every of whKh, it beirey expressly understood, is hereby mortgaged ai if spec~fically set forth and desvibed in the g~anting and habendum clauses hereof, and wch Receiver shall have all the broad and effective funcnons and powers in anywiu e~trusted by a Court to a Receiver, and - such appointment shall be made by such Court as an admitted equity and a matter of absolute right to ssid MORTGAGEE, and withovl refe~ence to the adequaq o~ inadeqvacy of the value of fF~e properfy morlgaged w to the sotventy o? insolvency of said MORiGAGOR a the defendants, and that such re~~s, profits, income, iuues and revenues shall be applied by such Receive~ accord~ng to the Iien or equity of taid MORTCaAGEE and the practice of such Court. 8. To duly, promptly and fully perform, dischsrye, execute, effect, complete, comply with and abide by each and every the stipulations, agrcements, conditioru and covenants in sa~d promissory note and this mortpsge set iorth_ . 9. That in the eveM the ownenhip of the mortgsged prer.:ixs, or any part thercof, becomes vested in a person other than the MORTGAGOR, the ~P,ORTGAGEE, in succeuors and assigns, may, without no~ice to the MORTGAOR, deal with such successw d successo. in iroerest with referooce to thi~ ~ morigage and the debt hereby secured in the ssme maoner as with Mortgagw witkout in •ny way vit~aling or d~xharging Ihe Mortgagori liability here- u~der or upon the debt hereby secured. No sale of the premises hereby mortgaged ~nd no fwbearance on tF+e parf of the MORTGAGEE w its successws cr assigns and no extension of the time for the payment of the debt hereby seturtd give~ by 1he MORTGAGEE or its successors or ass~gns, shall operate ;o release, d~scharge, modify change w affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in wFwle or in part. 10. It is specifically agreed that time is of the easence of this contract and thaf no waiver of any obt~gat~on herew~der w of the oblgation sr cured hereby shati at any time thereafter be held fo be a wsirer of the terms hereof w of the iostrumet±t secvred herby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interest requi~ed by the p~om;swry no!e secu~ed hereby, mortgagar covenants and agrees to pay to mo:tgrgee with each monthly payment an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- in~: A-All ~eal property taxes levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on tFx improvemeats situate on the above dascribed premises. , C-Premiums on such mwtgage guaranty insurance as mortgagee shall from t~me to tirrK deem fit to carry on the loan secured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount d~e and payable hereunder and such sv~n.shall lhereupon be due and cayable on the due dare of the next monthfy payment and each successive menrh thereafrer urtil mortgagee shall ootify mortgaga of a change in such i a-,ount. Such sums shalt be apptied by mortgagee toward the paymeM of real property taxes, insurante prem;ums, and mortgage guaranty i~surance n~em~ums. f IN TNE55 WHEREOF, the wid MORTGAGOR has hereunto set his hand snd seal the day and year first aforesaid. ' ~ . Sea an~ er ~n presence of: _ - ~ ~ ~ ~ ~ a4 ~ - -~t - T~'. K. Bl S ~ap ~ _ _ ~ s~n y i i•i~s c12Y:t. .~l (Sea4 5 i ATE OF FLORIDA ~ : r couranr oF ^t _ i.u~i~ _ Before me personally appeared K. B1P.~1@° r_ :4a rga re t Bi~~le ~ his wife, to me well krawr?lnd7lcrqwn ro rrrt to rhe individwls descrfbed in and who executed the fweQang instrument, and acknowledged befwe me that they executed tAe san~.fw the put}apps-; therein exptessed. And the said ~`argaret Bi~~iP,S ~ e' i . " ' , r,e~ ; K. Bi les . _ . r~ . . r:~fe of the said r• vpon'a~~ate'MKi~'~!~~` eram~nation by mt taken separore and apart fram her ssid husbsnd, stknowledged to and before me that she exetuted said inatryru t~Ylsl~? ~.`T-. ~anly and without eny compu(sion, constraint, apprch.ens~on, a fear of or from her id husba . •"~;'j ~~_'~.i. WITNE55 my hand and official scal thi~ day of A:~ 19~ ~ ~ ~ ~ Notsry Publit in and fw the State of Florida at Luye My Comrn~ssion expires: _ - • - r ~ Return To: ~ ' F~IED ANO R ~ ~ ~ir~t Federsl Savings ~ loa~ Associatlon ST ECORDED i.~ae.a s~ t„~ ~ Of Fo~t P~e~ce. WCIE COUNTY F~A. Fo~t P~erce. Florida ROCER POITRAS Ct ER!( Ct~CUIt COURT z', YfPr~~~p ~l ~ This Instrument Prepared By Carol 3. ~Urns APR 15 3 32 PM t~? 3~~/.~ ~O / Y1 ~ F~rst Federal Savings 8~ Loan Association of Fort Pierce Fort Pierce, Florida 33450 ~ Lhecked By . ~26')' ~ 4~ -