The URL can be used to link to this page

Home My WebLink About1025 3. To plx~ and contin~o~ily keep a+ the buildingi ~ow o~ Mre~its~ ~ituat~ on saFd land and on +11 equ~pment ~nd pawnally cov~r~d by Ihf~ mort~ with all premi~ntf thereon pa~d in full, fire insurance ~rt ~he uival srandard policy form, ~n a aurn ~pproved by the MORTGAGEE. and windstwm Ir?suranc~ in Ihe usual ttandard pol~cy (am, In ~ aum approved by the MORTGAGEE, in s~?ch company w<ompa~la +s tM MORTGAGEE m~y d'vedt +nd all fi~~ and w~nditorm insurance polrc~e: on any of iaid build~nys, any interest tharein w part thcreoi, in Ihe +~gregat~ tun+ ~foresa~d w In ~xceu thereof, ~MII contain tM usual ~undard «mortga9ee cla~ss w such otMr clsute as tM Mortgagee msy requ~n, maYinp ths lo» under said po1F ci~f. each and every, payabls ro uid MORTGAGEE as in in(ere~t may appear, and each and every tvch policy shall kx promptty +ss.yntd +nd delivered to ~ny held by said MORTGAGEE as furtM~ tecurity to said mwtgsge debt, snd, not leu th~n ten (10) days in adva~ce of the expir~~ion of each policy, to da IivN to iaid MORTGAGEE a ~encwsl thereof, toge~hec wi~h a receipt fw the premium of iuch renewal; and there shall be no fire or windsrorm insuranc~ pland on sny of s+id b~rilding~. ~ny interest thtrein or part tMreof. unless in the fwm'and with tM lou payabte ss afaes~id: and in the event •ny sum of mon~y becomes payable under iuch policy a policiea ~aid MORTGAGEE shall haw tM option lo receive and apply tM same on accoun~ o~ IM indebted nest setur~d hereby ot to permit said MORTGAGORS fo reteive and us~ it or ~ny part lhercof for other purposes, without thereb/ waiving or ~mpair- Inp u+y puiry, lien w ri9ht u~der o? by virtw of this mortpage; ~nd irt 1M event said MORTGAGORS shall fa sny reason fail to keep the ssid premises so ins~red, w fail to deliver promptly any of said policies of i~sunnca to said MORTGAGEE, or fail promp~ly to pay fully any premium thereiw a in any nspect fail to ps?focm, dischsrge, execute, effect, tomplete, comply with ~nd ~bide by th~s covenaM, or any part he~eof, said MORTGAGEE may plxe and pay fa tuch irourance w any part thereof witFaut walvinp w ~ffactinp any option, lien, eq~ity, a right unda a by virtue of this Mortys~e, ~nd the f~ll amount of each and every such p~yment sha~l be immediately dw +nd payabk ~nd shall bear interest from ths date thereof until paid M tM r~t~ of nin~ per tentum per snnum and to~ether wilh such interest shall be ucured by tM lien of Ihis mortgage. To psrmit, oommit w iuffcr no wasts, impairment o~ deterioration of said p?ope?ty or ~ny paH thereof. S. To pay ~II and sinpulu tM ~costs, charges ~nd expenses, inctudiny a reasonable attorney s fee and cosn of ~bstracts of titte, inc~rred or paid st ~ny tirrk by said MORTGAGfE, becaus! or in the event of the failure on the part of tM taid MORTGAGOR to duly, promptly and fully perform, d~scharge, exec~te, effett, complete, comply with and abtde by each and every the stipulat~ons, agreemenrs, cond~ti«u, and cove~ants oi ssid promissory ~ote and th~s mo~tg~ge any a ei~her, and sa~d costs, charges and expernes, each and every, shall be immed~ately due and pay~ble; whether w ~ot then be notrce dc mand, +ttempr :o collect w suit pending; and the fult amouM of each and every svch payment shall bear interest from ~he date thereof uMil p~id at the rate o~ nine per te~tum per a~~wm; and all said costs, charges and expenxs incurred w paid, together wi~h iuch interest, sh~ll be tetured by the lien of thu mortya9e. 6. Th~t (a) in the event of any breach of this Mortgage w def~~lt on the part of the MORTGAGOR, a(b) in the event any of sa~d sums of mone~ ht~ein referred to be not promptly and fvlly paid within thirty (30) days next aiter the same uverafly become due and psyable, without demand w notice, w(~ in the event each snd every the stipulations, agreements, conditions and tovensnts of sa~d promiuory note and th~s mwtgaye any w either are ~ot ~uly, prompNy and fully perfwmed, d~sch+rged, executed, eifected, completed, complied with and abided by, then in either w any such svent the ssid ag pres~te sum meNiaxd in said promisso?y note then remaining u~paid, with interest atcrued, and all mor?eys secured hereby, shall betome dut and pay- able fathwilh, or thereafter, at tha option of said MORTGAC,EE, as futly a-d completely ai if all of the said sums of money were wginally ~sipulated to be paid on such day, anything in ssid promiuory note o? in this Mortgage to the contrary notwithstanding; and thereupon o? thereatter at the op~ion of said MORTGAGEE, without notice or demsnd, suit at law w io equity, therefore w therea(tcr begurt, may be prosecuted as if all maxys secured hereby had matured p?ior to its institution. 7. That in the event that at the beginnirg of w sf any time pcnding aoy suit upon this Mortgage, a to fweclose it, or to refo?m it, or to enforce psymenr of any claims he~eunder, said MORTGAGEE ~hall apply to the Court having jurisd~ction thereof fw the appo~ntment of a Receiver, such Court shall Fortliwith sppoim a~ecsiver of said mortgaged property all and singutar, includmg all and s~ngvlsr the income, profits, issues and revenues from whateve~ to~rce derived, each and every of which, it being expreuly undr~stood, is hereby mortgaged as if spec~(ically set forth and described in the granting and habendum clauus hereof, and sucA Receiver shall have all the broad and effective fund~ons and powers in anywise entrusted by a Court to a Receiver, and such sppointment shall be made by svch Cou~t as an sdmitted equity and a matter of absolute rght to said MORTGAGEE, and without reference to the adequsty w inadeqwty of the vaiue of the properry mortgaged w to the sonrenty o~ insolventy of said MORTGAGOR a the defendants, and that such rents, profits, incaoe, issues and revenues shall be applied by such Receiver according to the lien or equ»y oi said MORTGAGEE and the practice of such Court. - 8. To duly, prom~tly and fvlly perfwm, dixharge, execute, effect, complete, comply wi~h and abide by each and every the stipulations, agreements, corxliYans and covenants in said Fsromissory note and this mortgage set forth. • 9. that in the event the ovme~ship of the mortgaged premises, or any pa?f ihereof, becomes vested in a person other fhan the MORTGAGOR, the MORTGAGEE, iri successora and auigns, msy, without notice to the MORTGAOR, dcal with such successor d successor in interest with re(erence to this mwlgage and the debt hereby secured in the same manne~ as with Mortgagw without in any way vitiating w diuharging the AAortgagors' Iiability herr under or upon the debt hereby secured. No wle of the premises hereby mortgsged snd ~o fwbearance on the part of the MORTGAGEE or its successors or auigns and no extension of tFx time for the psyment of the debt hereby secured given by the MORTGAGEE or ;rs successors or auigns, ahall operate ro releue, dixharge, modify charge w affect the original liab~l~ty of the MORTGAGOR herein, either in whole d in part. 10. It is specifically agreed that time is of the esscnce of thGS contract a~d that no waiver of any obligation hereunder or of the obligstion se- a:red hertby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion to the iaego:ng monthly payments of prin~ pDl and interest required by the promissory note secu~ed hereby, mortgagor covenants # and agrees to pay to mortgagee with each monthly payrnent an add~~ional sum es~imaled by mortgagee to be equal to 1/12 of the annual cost of the fo~low- ing: A-All real property taxes kvied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts situate on tF~e above described p~emises. C-Premiums on such mortgage guaranty insurarce as mortgagee shall from t~me to time derm fit to carry on the ban secured hereby_ Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereuoder and such sum shall'thereupon be due and payable on t(x due date of the neat monthly payment and each successive month thereaiter urtil mortgagce shall notify mortgagor of a change in such amount. Such sums sF.atl be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance premiums_ 1 WIT ESS WHER the said MORTGAGOR has hereunto set his hand and seal the day and year first aforasaid. ned ~I a iver n ihe presence of: ~n ~ U ~ - (SeaO ~s~.n r~sq STATE OF FLORIDA ~ courm oF St . Luc ie 1 serwe ~ penonally appeared Loren R. hiacMaster and Norah M. MacDlaster his wife, to me well known and known fo me to be the individuals described in and who executed the foregoirg instrument, and acknowledged before me that they executed the same fw the purposes r~?~~~ ex~.eu~d. n,~a rtK sa~a ~ Norah M. MacDiaster wi(e ot the said L.oren R. Machtaster upon a xparate ar+d private e:amination by me taken ieparate and apart from her said husband, acknowledged to and before me that she executed said instrument frcely and voluo- _ tarily u~d without ~!~y compvlsion, constraint, app~ehension, a fear of or from her ssid husbaJr d. WITNESS my hand and official seal this ~-.Y-?`' day of q, p, ~q 68 Notary Publit i nd for the $tate of Fbrida at larpe Return To: My Comm~si expires: ~~~t~ 7~ / Fint Federal Savings ~ ~oa~ nssoc~atto~ Netary Publ;c, State o( Florida at la:gc Of Fort Pierce. "r~~~,;r 11Ay ~ommission Exprces Aug. b, ~y~~ Fort Pierte, flwida 1_~~ . ~y F~ a~yw Gy ` . * : i. ` ~ ~ . , ' ' ~ ' " ~ILEO ANO RECORDEO' - - • ` ~ - _ S7. l.UC1E COUNTY. FLA:" ~ - RECORD VERIFIEO Tnis i~s`.ra:~e~t prepared E; , : _ First F~c~,?,i & Loan A~sr~. , r^ Pierce . ~ _ 164036 , , .:s : - ~68 FEB 2 AM 10 : S7 By . • - - ~ rio::=~n ro~TRas Y~ ~ 600K1~O PACE~O~~, LERK ~`IRCUIT COURT ~ , ~ ~ _ - - _ ~ ~~_..~z~„ - ,~~.~c:~,,-~~`" n:,: ~ ;