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HomeMy WebLinkAbout0186 I To pisc~ ~nd continuo~nly keep on tM buildinps now a haeaftN ~itwt~ on ~~id Isnd and on ~II equipm~nt ~nd p~non~ily covK~d by tAis mon~ +fl~, with ~II premiw~A tt+awn paid in full, fin Insurance in the uiwi ~~and~.d policy twm. ~n • wm ~pprowd by tM IYtORiGAGEE, and wi~dttwm tnswanc~ In tM vwal tanda~d policy ta~n, ln a sur» approv~d by tM MORTGAGEE; In wch company w compani~s u ttN MORTGAGEE nuy dinctt Md ill tin and wind~twm ir?i~ra~s policiet on any of ~aid build~rps, ~e?y t~Mr~it ther~ie or p~n the~~of, ht ilsa :~z-eg.~~ aun? ~fw~ssid o~ , in ~xcHS the~~of, ~II contain tF+~ uswl sqndard mort~ye~ cla~u a:uch ot1+N clau~ a~ tln Mo+tQpe~ may requ'u~, m~kinp tM loss undN said po1M ciq, tach ~nd ~v~ry, payabb ro uid MORTGAGEE as it~ intere~t may ~ppaar, ~nd each and ~wry s~ch pol' shall b~ j an Mid b said MORTGAGEE u turthK setv~ity ro s~id mort ~ ~O1^P~~Y ~u'9^~ ~~'~Ked ~o Y Y p+p~ d~bt. ~nd, oot I~ss th~n ten (101 d+ya t~ ~dv~nc~ af the ~xpir~tion of ~ach policy. ro dr 17vt~ ro taid MORTGAGEE a reeKwa! tMrtof, toQ~th~r witl~ ~ rK~ipt for ths p?~mium ot wth ~enewalj and IMr~ shall b~ no fut w windstam ir?turant~ plaad on ~ny of ~aW buildiegs, ~ny inte~e~~ thK~in or p~rt tMrwf, unless in th~ form'u+d with tM bss payabb ss afw~i~idi ~nd in tM ~v~nt tny s~m of mon~y becarw~ p~yabi~ ~~der such policy a potici~s said MpRTGAGEE aMl1 haw ths opria? to receiv~ and ipply ths sarn~ a+ accou~t o1 tM ind~bted~ neu Ntvr~d Mnby w t0 pe~mit said MORTGAGORS ro reCeiv~ and us~ it p•ny part thetepf fp other purposes, wilhout thereb/ waiviny ot lmpair- irg ~ny puity. li~n or rpht ue~der or by virtw of this mort~a~~i u+d in tM went ~aid MORTGAGORS shalt fa any rfa~ f~il ro keep the said pr~mise~ ~o in:ured or !al! to delive~ promptly ~ny of iaid policies of i~tunnu ro said MORTGAGEE, w fail p?omptly to pay fully any premium the~efor or ln ~ny resp~ct fail b p~rforen, dixhu9e, ~xecut~. ~fffN, compkN. comply with and abide by this covenant, w~ny part hereof, said MORTGAGEE may pl~ce and pay for sueh tnwrM+o~ or ~ny p~n 1Mreof without watvinp or aH~cttrp ~eryr option, IiM, ~qvity, or ~ipht und~r or by virfw of this Mo?tpap~, and tht full anount of ~ach ~rd ewry such payment ~MII be imrn~distely dw and paysbl~ ~nd ~hall bear tnt~~est from tFa daq tMreof until p~id a~ tM ra~~ ol nir» par ctntum pK ~~rwm and to9etl+er with wth interest ah~ll be securod by 1h~ lan of this mott~~p~s. To permit, oonwrdt or suffar no wute, tmp~i~ment w detaior~tan of ~id property or any psrt tl~ereof. S. To pay aH aed sinpulw tlw.ooan, charyes and expsnse~, includinQ a reasonabls ~ttorney's fee and oosti of sbstwcts of title, incurred or p+id a~ ~ny tim~ by taid MORTCaAGEE, becaus! w ln tht ~vent of the failure on the put of tM s~&! MORTGAGOR ro duly, promptiy ~nd fully perform, d~scMr9~ execvte, ~ffed, oompl~t~, comply with u~d ~bid~ by each ~nd every tho stip~ta~ions, yreements, conditions„ and oowrunq of uid p?omessory note and thu ~ mortp~ +Mr w either. ~nd said cosy„ cFarpes ~nd ~xpenKS, each and every, shall bs iem+edi~tely due and psYable; whetMr or not ther~ bs notice d~ msetd. =tt:~^+ ~~~en o+ ~ding: ~nd tM full arno~M of sach ~nd wery such p~yment sMtl bear imerett from the date thereof ~ntil paid s1 the rate of nine pe~ tentum per annum; and a!I ~aid c+bsr~, tharQca snd expenses incurred or p~id, topetMr with wth i+?terest, sh~ll b~ setured by ths lie~ of tba ' ^ro?q+y~- A. TMt in ths event of any Me~ch of this Mortysp~ or defa~lt on tM part of the MORTGAGOR, or (b) in the event any of taid sums of mo~y henln nferred to be not promptty and tully paid within thirtY (3p) days next after the same severally becoms dw and payable, without dem~nd a noYKe. or (cj in tM ~wr~t each ~nd ewry the stipulaYioeu. sgreeme~ts. cond~tions a~d coveMnta of sa~d promiuory note and th~i mortgape any or either an nol iuly, promptly u~d futly performed, d~scharped, ~xecuted, ~ffscted, completed, compl~ed with and abided by, then in either or ~ny s~ch ~vent ths isid ap- ~ pre~sM wm mentioned In s+id promissoty npM ttxn remaining unpaid. with interest acuved. and all moneys setu~ed hereby. sh~ll beco~ne dw ~nd pay- ~ able forthwith, o? thtresfte~, ~t the option of said MORiGAGEE, as fully and completety as if all of the aaid sums of money were originally stipul~ted to be paid on such dey, anything in ssid promiuory note or in thls Mwrgage to ?hs cp?trary notvr;thstanding; and there~pon or thereafter at the optan of said 1NORTGAGEE, without noi~ w demsnd, svit at law or in eq~ity, therefwe o~ thereafter begun, may be p?oxcuted u if ~II moneys secured I~ereby had matured a~o? to in instit~tion. 7. Thst in fhe eveot that at the beginning of or at any time pending apy wit upon thia Mortgags, or to foreclose it, ot fo reform It, or to enforcs payment of ~ny clsims herevnder, said lNORTGAGEE shall apply to the Court having jwisd~ction thereof fw the appointment of ~ Receiver, svch Court shall fortFiwith ~ppoint a receiver of said mort9~yed prope?y all and sinpular, includ~ng aIl snd singutar the income, profits, issuea and revcn~es from whatever sowu derived, each ~nd every of whlch, it bein9 expressly understood, is hereby matgaged u if spec~ficalty set fath and desuibed in the g~anting and ~ habendwn dauses hereof, and such Receiva shsll luve atl the brosd and effective funn~ons and powers in anywise entrusted by • Covrt to a Receiver, and wch ~ppointmcnt ~It be made by such Court as a~ admined eqvity and s rrwne? of absolvte right to said MORTGAGEE, end withouf refercnte to the i adequ~cy p in~deqvacy of the valw of the properry mortgaged or to the wnrcrKy or inwlvency of said MORTGAGOR or the defendants, and that such ' rcnn, profin, income, iuues and revenues shall be applied by such Receive~ accwdin9 a the tien or equiry of'iaid MORTGAGEE and the practice of such Covrt. & To duly, promptly and fully perfwm, discharge, execute, effect, complete, comply wifh and abide by each and every fhe stipulatiau, agreemenri, condiYaro ~+d covenana in ssid promis:ory ~ota snd ~his mortgage set fwth. 9. Thst in tM aveet the ownenhip of the mortgaged prem;ses, or any psn tfxreof, becomes vested in a person other than the MORTGAGOR, tM MORTGAGEE, :a successors and ~uigns, m~y, w;ihout not;ce to the MORTGAOR, deal with such successor or succeuw in interest with refere~ce to th~s morig~ye and the debt hereby secu~ed in fhe same manner as with Nb~tgagw withput in any way vifiatirg w dischsrging the Mottgagors' lisbility hera- under w vpon the debt Aereby secvred. No sale of thc p?~vnis~ 1?c.cby mertgaged and no forbearsnce on the put of tF~e MORTGAGEE w its succesaon w~s~igns and no extensan of the time for the payment of the dcbt hereby secured given by the MORTGAGEE w ib wccesson or assigns, shall opewte ro roleas~, diuMr~e, modify change w affect the orginat tisbiGty of the MORTGAGOR herein, eithe? in wlwlt or in put. 10. tt is specific~tly agreed that time is of the euence of this contract and that no waiver of any obligsrion herrunder a of ths obliyation se- cured hsreby shall at any time thereafier be held to be a waivc? of the te~ms hereof a of the inatrument secured herDy. 1 In add~tion to the forego:ng month~y payments of princ:pD! and interest required by the promissory note secured hereby, mort a ~ants and sgrees to mortga9ee wit6 each monthly payment an ~ddirionat sum estimated by mortgapee ~o be equal ro 1/12 of tF st of the follow- ing: i A-All real properfy taxes lev~ ssessed against tt~e above . ; B-Premiums on fire snd windstorm ' ere~n requ~red to be urried on the improvements situate on tFx above tksuibed premises_ C-Premiums on s guaranty insurarce as e shalt from time to time deem fit to carry on the ban secv~ed hereby. Mwtgsgee from time to time notify mortgagor ;n writing of t nt due,and payabb herevnder and such sum shall therevpon be due and payable on due date of the next monthly payment and each successive month t re gsgee shall notify mortgagor of a change in such ama+ . sums sRatl be spplied by morigapee ta+vard the payment of real properry tazes, intvranc and mottgage guarant ' urance p iwro. IN W SS R ssid MORTGAGOR Ms hereumo set his ha~d and seal the dsy and ye+r fint aforesaid. iver in fhe pr of: ~ +h , - •n sNn ~-n srarE of ~oaioA ` • ~ Saint Lucie } - eefwe o,e person,lly,~.a.ed -_Daniel P. l~tcDevitt, a singZe .adLeZt, and Edward A. McDevitt ' ~dith I?1. McDevitt "'d the ind'rvidwb described in ~nd who exetuted the for his wife, to me wefl known ~nd known fo me to be e9a instrument, and ecknowledged before me t!+.r ti~ey sxecuted tM ssme for the purposes rherein acprea~ed. Md th~ said Edith M. I~CDevitt ~ - wae ot ih. sa~a Edwaxd A. McDevitt examin~twn b me taken se pa uP«+ + sep+~ate ~nd priv~t~ y para!e u?d a rt from her ss;d 6usband, ~tknow~edged to and befwe rpe tMt she ezecuted said inatrumem freely and vol~n~ rarily and w~thout ~ryr compulsion, constraint, apprehens7oo, a nfeu of or from her wid Fwsband. WITNESS my hand and official sea) this ~ 1LA( ~y o{ YC}1 . ' ~ A D 19 Notary Pub ic in u~d for the State of Florida ~t luye Returh To: . My Commission aepires: 2(~ ' 7/ ~AB~r , First Fadenl Savirgs 6 losn Associat~on • p01AR~ PUBLIC. StATE QF fLOf:~l~ r" Of Fort P7erce. ~MY COMMI5510N CdP1,RF~ js~ Fort Pierce, florids ~EO iMRUU{iM f R±n r_ FILED ~ND RECOR~ED ~OM ~ sT. ~uc~E ceUi~'r-Y, FLa. aa e.~ ~ rncy•. "r1 ~ J, f„~~ 1. a-, _ 165513 t~'. ~ _ ; re ared tiy '68 h1AR 2 5 PM I: 0 6 . : This instrument p P ~ ~irst federal Sav. & Loan Assn. a~l~~~~ sT;~;E o fort Pierc2 _ . . :.,i .t ~ -l;l~~?..$ By • C~ERK EtRCUtT COURT . 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