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Home My WebLink About0577 . ~ ~ z . To pl~ce and oontinuovs~y ke~p on th~ bvildinps now a hK~+fiK ~itvab on ~aM land ~~d on all pvipm~nt a~d paaon+ily covK~d by thb n?orq~ with ~II pr~mivms tF~eoo paid in fu14 tin 1+?iu~+nc~ u+ tF~ uswl itandard polKy fwm. in a ium approv~d by th~ MORiGAGEE, and wind~torm inswae~ce In tM uswl i~andard pot~cy fam. in a wm approvsd by tM MORTGAGEE, in wch company a canp+ni~s +s ~M 1NWRiGAGEE n»y dinctt and all ~tr~ u+d wi~tam insvrar~a polici~s a? +oy of i0id I~1lIWi1103. My if11!/Hf tF1N~1f1 W pYl 1MtfOf, in tM ayyrepare wi+? afwesaid or In ucasf therwf, ahall ca?tsin rM uwal sta~d+rd morty+pN cla~a~ a wch Whe~ ctaus~ ~s tM Matya9e~ m+y ~equ'u~, makirg tlw Iwf ~ndK said po~4 ci~s. sach ~nd ~vs~y, paYabl~ ro ~aid MORTGAGEE at in in~aesl m~y ~ppea~. and each and ~very s~ch policy ~hall b~ pranpNy su•yned and d~livKed ro ~ny held by said AWRiGAGEE u furtht? security ro s+id maty+~ debt, ~nd, not les~ tMn ten (10) days in ~dwncs of the ~xpiratan of each policy, to d~ liva lo iaid MORTGAGEE s ranswal thereof, to~tMr with a roceipt tor the premium of such ~e~+ewal; and there shatl b~ no f~re w windstwm inswanu ! pl~pd on any of s+id buildinys. ~ny intereit thsi~ii+ or put Ihareof, ~nleu in tM form end with tl+~ loss payabl~ u afues~idt +~d in tl+t ~wM +ny wm i of maNy becan~a payabl~ unde~ such PolicY w Policies s+id MORTGAGEE shall Mvs ~M opYwn to receive and apply the wms on account of tM lndebted- f nest sety~ed 1+Neby or 1o permit said MORTGAGORS b tcteivt u~d us~ it or any put thereof for other purposes, wi~hout thsreb/ waivi~~y w unpair ~ ;r+p any equ;ty, lien w?ipht under or by virtw of this mort~aqs; and in •M event wtd MORTGAGORS shall for ~ny ~eason fa11 to keep the s+id premises w iniw~d, or bil to deliver pranptly any of said policies of iniursnt~ ro said MORTGAGEE, or fail promptly to pay fully ~ny premium therefor a in any t nsp~cf fafl w pNtar~, dixharye, execvt~, effact, comptet~, comply wi~h snd abide by this covanam, or u?y part l+areof, iaid MORTGAGEE may plaa~ snd { p~Y fa wd~ inwranc~ o+ ~ny pan thereof wi~houf waivirg w ~ffsdinp any optroo, lien, equity, or right ur+de. w by vinw of this Nto.tys~s. and the { full amount of each and tv~ry such payment sMlt b~ i~u~ed~+tely dw a~+d payabN ~nd ~hall bes~ interei~ from the date thereof ~ntil paid at tht raN ol ~ nine pK tlntvm pa uuwm and toyether with such interest shall be uc~red by the lien of tAis mortg~pe. 1. To p~tmit, aanmit or suffer no wute, imp~irment o~ detcriwatio~ of said property w any paA thereof. , 5. To pay all and singvlsr ths cos», cMryes u~d expenses, i~cluding a naawNble attwney's fee and costs of abstracts of title, incurred or paid at ~ sny time by s+id MORTGAGEE, because or i~ the event of the fa~lure on the part of the said MORTGAGOR 1o duly, promptly and f~tty perfam, d~scha~9~ ; execvte, ~ifed, compkt~, comply wrth and ab:de by ~ach and every the stipvlat~a+s, agreemenn, cond~tiom, and covenanb of said promissory not~ and thw k matgaqe any or eitha. and said coits, chuges and expenses. each and eve~y. shsll be immediately due ar+d payabte: whrther w rat there be notice da mand, attempt to colkct a wit pend~ng; and tht full smo~nt of each and every svch payrtxM shatl bea? interest trom 1he d+te the~eof ~ntil paid at th~ rate of nine per centum per ~nnum; and all said wsb, chuges ~nd expenses inturred w paid, together w~th such intereit, ihall b~ ~ecured by th~ (ien of This mortya~~• b. Thst (a) in the event of any brca:.ti of this Mortpsqe or defsult a? the pa.t of the MORTGAGOR, o? (b) in the event ~ny of sa~d s~ms of money herein refarred to be rat promptly snd fully paid within thirty (30) days next after the same uverally become due and payable, withoW demand or notite. or in the event each ~nd eve?y the stipulations, sgraem~nn, conditions snd covenants of sa~d promissory note and th~s mwtpape any w either ~re ~w1 iuly, promptly snd fully perfwmed, d~scharged, exetvted, effected, completed, complied with and abided Sy, then in either w any s~ch event tM srid e~ greyat~ wm mentiorced in said promiuory note then remaining unpaid, with intere:t accrutd, and all moneys securcd heteby, shsll becon+e dw ~nd pay- able forthwith, w tl+mca(ter, a1 the option of said MORTGAGEE, as fully and completely as if all of the said sums of money vircre wiyinally stipulated to be pa7d on svch day, anything in sa3d p.omissory note w in this orlgage to the contnry notwithstsnding; and there~a~ a thcreaher at the option of uid MORTGAGEE, without notice o? demand, suit at law or in aq~ity, therefwe w thereaiter begun, may be prosetuted u if all ma~eyt secured heroby had matured prwr to ~n instiwtiw~. - 7. That in the event thaf at the beginni~g of or st any time pending any suit upon this Mortgage, or to foreclose if, w to refwm it, w fo enforc~ ~ paymenl of sny claims hereunder, said MORTGAGEE shslt apply to the Coun having jurisd~aion thereof for the appointment of a Rtteive?, suth Covrt aMll Fatfiwith sppoint a receiver of said mortgaged property all and singulsr, includ~ng all and singular the income, profits, issues and revenues from wMtever wurte derived, each and every of which, it being exp?euly understood, is hcreby mortgaged u if specifically set forth and dewibed in the praMir~q snd habendum clavses l+ereof, and such Receiver shall have all the broad and effective furxtwns and powe~s in anywise entr~sted by a Courf fo • Receivar, ~nd such appointment shall bc made by such Court as an admitted equiry and a matter of absolute right to said MORTCaAGEE, and without teferente to the edeq~scy a in~dequacy of the val~e of the p.operty morlgaged w to the sonrency or insolvency o( said MORTGAGOR a the defendants, a~d that such rents, pro(its, intome, iuves and revenues shall be applied by such Reteiver sccording to tM lien ar equiry of said MORTGAGEE and the prattite oF such Court. ~ - 8. To duly, promptly and fully perform, discharge, ezecute, effect, complete, comply wilh and abide by each and every the stipulations, agreeme~ts, conditioro and covenants in said promisso?y ~ote and this mortgage xt forth. 9. That in the event the ownership of tl+~ mortgsped premises, o~ any part tF+ereof, becanes vested in a person othK than the MORTGAGOR, the MORTGAGEE, its successws and auigns, may, witFqut notice to the MORTGAOR, dtal with such succeuor a succeuor in interest with reference to this morlgage ~nd the tkbl hereby secured in the same manner as with Morfgagw without in any way vitiating w discharging the Mortgagors' liability Mre- under w upon the dcbt hereby secured. No sale of the premises hercby mortgageJ and no fubearante o~ the pa?t of the /NORTGAGEE or iri sutcesson or suigro and no exrens~on of the time for the paymem of the debt hereby secured given by the MORTGAGEf or its succeswa w auigm, shall operat~ ro release, disch~rye, mod~fy change or affect the wginsl liability of the MORTGAGOR herein, either in whole w in part. 10. It is spec+fically agreed that time is of tlx esxnce of this co~tract and that no wsiver of any obligation hereunder or of the obligation se- cured hareby shall at any time thereafter be held ro be a waiver of the temu hereof o~ of the instrument secured herby. 11. In add~tion to the jorego:ng monthly payments of princ'pal and interest requi~ed by the promiuory note secured hereby, mortgagor tovenanfs ' and agrees to pay to mortgagee with each monthly payrnent an add~rional sum estimated by mwtgagee to be equal to 1/12 of the aonual tost of the fol{ow- ~^9: . A-All real property taxes levied or assessed agai~st the above described real estate_ B-Prem~ums on fire and windstorm insu~ance as herein requ~red to be wr.ied on the improvements sitwte on the ebove desaibed prerti~ses. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan setured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount dve and payable hereundrr and such sum shaU thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter until mortgagee shall notify mortgagw of a change in such amount. Such sums sha!I be applied by mortgagee toward the payment of real property taxes, insurante premtvms, and mortgage guaranty insurante premiwns. i IN WITNESS WHEREOf, the said MORTGAGOR has hereu~to set his hand and seal the day and year fir:t aforesaid. ~ Signed, Sesled and d iver 'n the presence of: ~ ; , ~ ' i ! n--n STATE OF fLORIDA ~ couNn of St. Lucie ~ lsfon me personally appeared Willia?~ F. McColl~a ,~,d 6raee B• MCCOZZLII his wife, to me well known and known to me to b~ rhe individwb desuibed i~ snd who ~xscvted tFa fora9oirg instrument, ~nd acknowledped before me that they executed the same fw tM purposes r?,~~ein .~..ued. a~a N» ..cd Grace B. McColll~ wif~ of tM said Wi11131t F• MC~Ollt~ ~rpon ~ s~p~r~te and priv~t~ i examination by me taken separate and apsrt from her iaid hutband, ack~owledged to and before mt that ihe executed said instrument fretly and vol~~- f rarity ~d w~tF~out amr compulsan, constraint, appreF~era~on, or fea~ of or froan her said huiband. WITNE55 my Mnd and official seal this day of a A. D. 19 ~ ~ ~ Notary Public in ~nd fw tM State of Florida ~t L~r~e My Coarniuio~ t~cpir~s: Rehun To: ',~,~~:~;ttf~~u,,~~~ . ~dil~ fl~l[. Sti1! Of AOfiai ~ Vfq! finf flder~l Savinpi d. LOSn AuOCiafiOr? ~ : i . '•{r (OIM~ff10w ~Ip/!S ~9 ~ : Of fort P]ercr. ~ h . • . . \ r ~ Fort Pierce, florida ~ ~ ~~e ~ ` : • • ^ 1 ~ F1L`~ ~ ~ ~UN?Y. FLA. = • ~ i-- ST. UC ~ ~rF~~F~~f) - 1- . ' :a L ..--rC'r~. ' ~ . f ~ J • This Instrument Prepared By ` i' J I y u.. C ' • ~ First Federal Savings b loan Association ~y 5~ r~ . 5 of Fort Pierce L': ; =ti~*~ ~~9 ~ ~~~~~:a•~•~• Chetked 8y .I. Coll n~ • i,~, ~ S c::~;;~, ~,~F~K r~R~U1T COURt aa~x177 P~ 577 ~ Y . ~ r- f . _ w'S .,.u~-° _ ' ~ ~ ' '~..`.e,...=' _ _