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Home My WebLink About1480 - ~ ~ ~ ~ ~ ~ - 9. To pian +nd co~Hnuouily keep on tM buildie?ps now w h~reahK ~itvate on said lar+d ~nd on all equiRment and penasally cover~d by this mat¢ a~, with ~11 premivm~ therea+ psid in fvll, firo insv~ancs i~ t4K usual standard policy fam, in ~ sum approved by the MORTGAGEE, and winditon+n inwru+c~ in tM viwl s~anda~d pol~cy fam, in a ium approved by the MORTGAGEE, i~ t~?ch company w con+{ianies as ~M MORTGAGEE msy di~edj ~nd ail fire and w'u~dsto.m inswanc~ polic~ea on ~ny of said buildinps, any inrorest ~herein w p+rt thereof, in the aggreyat~ wm afae~sid w-- in excess ~hereof. shall cont~in the uswl sta~dard mortgsye~ ciau~ w s~ch o~he~ clause ~s the Mortyagee may requ'ue. making ~he los~ ~nde? wid poli~ cies, esch ~nd eve~y, payable to said MORTGAGEE as its intereit may appesr. and each a~d avay s~ch poliq shall b~ promptly ats:8~ed +nd de~'vered to ~ny heW by said MORTGAGEE as further security to said mortya9e debt, snd. not leu than ten (10) days in edva: ce of the expirstion of wch policy, to dr liver 1o said MORTGAGEE • ~e~ewal thereof, lopethtr with a reteipt iw the premium of such renewal; and thete ahall be no fire or windstwm tnsurarK~ plaad an sny of iaid buiWing~, any intereit therei~ w put thereof, unleu tn the form and with tM lou payable s: afaesaid; u+d in the event +ny swn of ma~ey betomes payable ~ndtr tuch polity or policies said MORTGAGEE ~hall haw ths option to receive and apply the same oo accounl o( 1M indebted~ ness setured hereby o~ ~o permit ssid MORTGAGORS to reoeiva uid uss H p any pa~t thereof for othcr pu~poses, withoul ~hr.eb~ waivi~?g w impair- ieg ~ny eqvity, liao or ri9ht ~ader or by v'utw of this mortysye; and in the event isid MORTGAGORS shall fo+ a~y reason fail to keep the said premnes so insured, or fail fo deliver promptly any of said polities of ir?iurance to said MORTGAGEE, or fail promptly to psy futly any premium therefw w in ~ny respe~t fai~ to p~riwm, diuhargs, execute, effed, complete, tomply with ~nd ati~de by this covensnt, w any ~a?t Mreof, ssW MORTGAGEE may place +nd paY fw such inw~ance or any psN thereof witlwW waivinp or affecting ~ny option, lien, equity, w right under a by vinw of this Mortgsye, sad the fvll amou~t of esch and every such payment shall be immed~ately duc and payable and shall besr interest from the d~te thc~eof umil paid al ths n~e ol nine per centum per annum and together with such intcreit shall be se~vred by the lien of this mortgsga. 1. To parmit, commit ot suffer no waste, impairment w deterioration of said property or any part thereof. 5. To pay sll and sinytrtu ths cosn, cl?arges snd expenses, including a reasonable attorney's fes and costs of sbstrads of title, incvrced w paid at any time by said MORTGAGfE, becavsa or in the event of the fail~re on the paN of the said MOR~GAGOR to duly, promptly and f~lly perfwm, diuha~g4 execute, effetl. compkte, comply w~th and ab~de by each and every the stipulations, ag~eemenri, condiiions, and covenants of said promissory ~+ote and this mortgage any or either. and sa;d costs, chsrges and expenses, exh and every. shall be immediately due and payabk: whether or not there be ~otice do- mand, attempt to co1kN or wit pending; and ths futl smouM of each and every suth payment shall bear interest from the date thereof ~~til p~id ~t the rate ot nine per centum per annum; and all said costs, chargas and expenses incurred or paid, together with such interest, shall be setured by the lien of tha mortpa9e• . b. Thst (a) in the event of a~y breach of this Mwtgage w default on the pa?t of the MORTGAGOR, w(b) in the event any of satd swns of money herein referred to be not promptty snd fully paid within thirry (30) days next after the same severally become due and payable, without demand o~ notice, or in the event each and every the stipulations, agreemenb, conditions and covensnts of said promissery note and th~s mwtgage any or eithe? are not iuly, {uomptly and fully perfwmed, dixharged, executed, effected, completed, complied with and abided yy, tlxn in eifher w any such event the said a~ gregate sum mentaned in said promiuory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become dw and pay~ able forthwith, cu thereafter, at the option of said MORTGAGEE as fvlly and completely as if all of the said s~ms of money were wiginally atipulated to bc paid on such day, anything in said promiuory note w in tb;s Mwtgage to the contrary notwithstanding; and thc:eupon or thereafter at the option of said MORTGAGEE, without notice w demand, suit at law or in equity, therefore a thereafter begun, may be prosecuted as if all moneys satured hs~eby had marured prior ro ~n irut~rwion. 7. That in the event that af the beginning of w at any time pendirg any wit upa+ this Mortgage, or to foreclose it, or to reform it, or to enforte payment of any cia'uns herevnder, said MORTGAGEE shsll apply to the CouA having jurisdidion thereof 1w the appointment of a Receive?, s~ch Cou?1 shall Forthwith appoint a receiver of said mwtgaged property all and singular, includ~ng all and singufar the income, profits, issues and ~evenues from whatavet source derived, each and every of which, it being expressly understood, is hereby mortgaged as if specilically set fath aod dewibed in the y?anting and habendum clauxs hereof, and such Receiver shall have all the broad and effettive funct~ons and powers in ar~ywise eMrusted by a CouN to a Reteiver, and such appointment :hall be made by such Court as an admitted equity and a ma?ter of absolute right to said AM1ORiGAGEE, and without reference to ths adequaq or insdequacy of the val~e of the propery mortgsged w to the solvency or insolvency of said MURTGAGOR a the defendann, and that s~ch renn, profits, income, iuues and revenues shall be applied by such Receiver accwding to the lien or equity of said MORTGAGEE and the p?actice of wch Covrt. S. To duly, promptly and fully perform, discharge, execute, effect, mmplete, comply with and abide by each and every tM stipulatiorq, ayreemenb, condifar?s and covensn~s in said promissory note and this mortgage set fath. 9. That in the event the ownership of the mortgaged premises, o~ any parf ihcreof, becomes vested in a person other than the MORTGAGOR, the MQRTGAGEE, its successors snd assigns, may, without notice to the MORTGAOR, deal with such svccessor w successor in i~terest with reference to this mortgsge and the debt hereby secured in the same manner es with Mortgagor without in a~y way vitiating or dixhsrg'mg the Mortgagort' (iability IKre- under or upon the debt hereby secured. No wle of the premises hereby mortgaged and no forbearante on the pan of the MORTGAGEE w its succeswrs or assgns and no extenz'wn of the time fw the payment of the debt hereby secured given by the hM1ORTGAGEf or its wccessors o? assigns, shall operate ro releax, d~xharge, modify change or affect the wiginal liability of the MORTGAGOR heroin, either in whole or in part. 10. It is specifically ag~eed thst time is of the essence of this co~tract a~d that no waiver of any obligation hereu~der or of the obl'~gation sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w oi the instrument secured herby. 11. In addition to the forego:ng monthly payments of print:pal and interest required by the promissory note secured hereby, mortgagor tovenaMs and agrees to pay to mortgagee with each monthly pay~nent an addirional sum estimated by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: - A-All real property taxes lev~ed or auessed against thc above desuibed real estate. ' B-Premiums on fire and windstwm insurance as herein requ~red 1o be car~ied on the improvements aituate on the above .desttibed premises. ' C-Prem~ums on :uch mortgage guaranty irtsurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. I~ Mortgagee shall from time to time notify mortgagor in writirg of the amount due and payable hereunder and such wm shall thereupon be due and i payable on the due date of the next monthly payment and each successive month thereafter u dil-mortgagee shall notify mortgagw of s change in s~ch amount. Such sums shall be applied by mwtgagee toward the payment of real propeAy tax , ins~rrance prem:ums, and morigage guaranty insurance 1 premiums. • IN WITNE55 WHER F, the id TGAGOR has hereunto set his hand and seal the ay pnd year first aforesa' Sig led a li of: f sQ ~ _ STATE OF FIORIDA 1 couNn oF S t. L uc ie Befwe m~ personally appeared 7 mpc A MCNei7 7 +nd Vera H. bicNeill h;s w;ie, to me weu.wwwl+~•~d.kno~wn•ro,n+e to bs the indiridwls described in and who executed the fweyuinp i~str~meM, and ackrawledged bcfore me that they execvtei~.thp''isn~~~tM~~rrposes ~herein e:preased. And the ui `!.i)' • : wife of fh~ s+id •J~S A. McNeill _ -`i~ow~~ • ~t~ aed.~r'~rat~ z examinatan by me tsken separote and apart from her said Fwtband, edcnowledged to and befwe mt that s`s executed fi~diQs 1r~ly ~l~~vplur?~ tarlly ~nd without ~ny compulsion, corutraiM, apprehension, w feu of ot from her said husband. _ WITNESS my hand and official seal this ~ dsy oi November - _ Rn, p 19 6~ _ ' ~ . Not+ry Public in and fw thQ Sta1~ b~ F~/ •af ` ~ My -Commiuion txpKes: ~.2.~~ ' SlJI~~. Retum Ta ' ; ^ - firat Fedenl Savingt 6 Loan Association FILEO AND RECOROEO~ ~ o+ Fort P,e,~e. ST. LUCtE COUNI'Y. FLA.~ Fwt Pierca Florids ~~-C~~~ vER~F~E~ ~ 1'7~~f~ • V This Instrument Prepared By '68 N011 20 PM 12~: 3 First Federol Sevings d~ loan Association ~ vl of Fort Pierce R 0 P. PO R~.S Checked By Richard K. Kay~s C4ERK CIRCUI COURTi . s~ ~74 ~~4~'6 : ; - - - - -