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Home My WebLink About2338 3. ?o place and toMinuously keep on the bui!~ings ~ow or hereafter situate on seid lsnd and on alf~equipment and pe?ionally covered by this mort9- ege, with all premiums thereon pa:d in full, fi?e insunnce in the usuat s:andard policy iorm, in e sum approved by rhe h10RfGAGEf, and windslwm insurance in !he usual afandard pol,cy (orm, in s sum approved by ~he MORTGAGEE, in such company or companies as 1he MORTGAGEE may diral; and all (ire and windstorm insura~ce policils on a~y of said build~ngs, any interesl therein or part thr~rof, in the aggregafe svm aforesaid w in eacesa thercw(, ihaU contain the usual standard mortgagee cJause w auch o~Aer dauss ~s the Matflagee may requ~re, maAing the ioas unde? sa~d pol6 c~es, each and every, payable to said h10R~GAGEE as ~ts interett may appea~, and each and eve~y such po:~cy shall be promptly ass.gned ar,d delivered ?o eny held by said MORIGAGEE ae 4u~thrr security to said mortgage deur, and, not Irss fMn te~ (1Q) days in advance of the expi~ar~on oi each policy, to de- I~ver to ~aid MORTGAGEE a renewal tl~ereoi, ~ogether with a rece~pt for the premium of such renewal; and ~here shatl be no f~re o~ windito~~» insurance placed on any ot said buildings, any inte~eat therein ot pa~t therepf, unleu i~ ~he form and with the loss payable as atcresaid; and in the event any sum > oi mo~ey becomes payable under such polity a policies said MORTGAGEE shall have ~he option to reteive and apply lhe same on account of the indabted- ness secured he~eby a~ ro prrmit said MORTGAGORS ro receive and use i? w any part thrreoi for o:ner purposeS, w~~hout th~~ru~ wa~~ing or ~n,pa~r- t ing any equity, lien w rlght under a by virlue of this mo:tgage; snd i~ the event sa~d MORTGAGORS sha!! ior any ~eason (ail to keep the said premises so ; ~nsured, er fail fo deliver promptty any of sa~d pol:cies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium the?efor or in any respect tail ~o perform, d~scharge, execute, effect, completa, comply with and abide by ?his cove~ant, o~ any part hereof, sa~d MORTGAGEE may plsce and pay fw such insurance or a~y part the~eof without waiving or sffecting any option, lien, equity, or righ~ under w by virlue of Ihis Ma~tgage, ai+d tht full amovnt of each and every such payment shall be immediately due and payable and shall besr interest from the date ~hereof un~il pa~d at the rate ot nine per cemum per annum and to3ether with such inte~est shait be sccured by the lien of this mo~rqage. 4. io permit, commif or suffer no waste, impai~ment o~ deterio~ation of said property or any part thereof. 5. To pay all and singular thr costs, charges and expenses, including a ~easonable attwney's fee and c~sts of abstracts ot title, incurred or paid at any time by said MORiGAG:E, becavse w in the event of the failure o~ tlie part of the said MORTGAGOR to duly, pranptiy and fvlly perform, d~uharye. execute, effect, compteee, compty w~~h and ab:de by each and every the st7pvlations, agreements, condlt;ons, and covenants of sa~d pro~n~ssory note and this mortgage any or ei~he~, and sa~d costs, charges and ezpenses, each and every, ahall be i:nmed~etety due and payabte; whether or not there be no~~ce de mand, attempt to collect or suit pend~ng; and the tull amovnl of each and every such payment shatf bear inrerest from the dare thereof unti! paid st the rate o! nine pzr centum per am~u:n; aiw' aU said costs, charges and ezpenses inturred or paid, together w~th such imerest, shall be secured by the I~en of this morlgsge. A. Thal (a) in the event of any breach of this Mortgage o? default on the part of the MORTGAGOR, or ;b) in the event any of sa:d svms of money herein referrad to be no~ p~omptly and fully paid within th~rty (30) days nexi after the same seve~a:ly become due and payable, wiihout demand w notice, or (c) in the event each and every the stipulaGons, agreemems, conditions and covenants of sa:d promisso~y note and th~s mortgage any or e+ther are not iuly, promptly and (utty performed, d~xharged, executed, eFfecred, completed, complied wirh artd abided 5y, then in e~ther w any such event the said ag gregate sum rrKntioned in said promiuuy note then remaining unpaid, with interest accrued, and all moneys setured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said s~ms of money were aginally sGpulated to be pa;d on such dey, anything in sa:d promissory note or in this Mortgage fo the contrary notwithstanding; and thrreupon or thereaRer at the option of said MORTGAGEE, wi!hout notice or ~mand, suit at law or in equity, thercfore or thereafter begun, may be prosetuted as if all moneys secured hereby nad matured pr~w to rts institution. ' 7. Tha~ Frt tiie event thaf at the beginning of or sf any time pending any suit upon this Mortgage, or to foredose it, or to reform it, w fo enforte Payment rf any ctaims hereunder, said MORTGAGEE shall apply to the Court having ju~isd~ction thereof ior the appointment of a Receiver, such Court ahall io:thwith appoint a receiver of said mwtgaged proQerty aH and singufar, inctud~ng al! and s+ngvlar the income, piof~!s, issues and revenues lrom whatever source darived, each and every of which, it being expressly understood, is he~eby mor~gaged as if speuiitally set forth and desuibed in the granting and habendum clauses hereof, and such Receiver :!+all have all the bread and effecr;ve funct.ons and powe~s in anyw~se enrrusted by a Court to a Receiv~r, and such appo;nrmenl sha;l ix made by such Court as an admitted equity and a rtlalter of absolute right to said MORTGAGEE, and without reference to the adequocy w inadeqvacy of the value of the property rrwrtgaged or to the wtvency or insolvency o( said MORTGAGOR or the defendants, and that such renrs, proiits, income, iisues and revenues shall be applied by such Receiver according to the lien or equity of sa;d MORiGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharge, execute, efiect, complete, comply w~th and abide by each and every the stipulations, agreeme~ts, conditions and covenan~s ~n sa~d promisswy nore and this mortgage set forth. 9. ihat in the evenr tfe ownenhip of the marigaged premises, or any pa» thereof, becomes vested in a person other than t!x MORTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such successw or successor in interest wi~h reference to this mortgage and the d>b~ hereby secured in the same manner as with Nbrtgago~ without in any way vi?iating w dixharging the Martgagors' tiabitity herr under pr upon the debt hereby secured. No sale of tfie Fremises hereby mortgaged and no forbearance on ~he part of the IJIORiGAGEE or its sutcessors or assigns and no extension of the time fw the payment of the debt hereby secur~ given by the MORTGAGE~ or its successws ot au:gns, shall operate ro retease, d~scharge, modify charge or affect the original liability ot ihe MORiGAGOR herein, either in whole or in part. 10. !t is spectfically agreed that time is of the esunce of this contract and that no waiver of any obligation hereunder a of the obligat'an se- :ured hereby shal~ at any time thereafter be hefd to 6e a waiver of the tcrms hereof or of the instrument secured herby. 11. In add:tio~ fo the fwego:ng monthly paymertts of princ'pal ared interest required by the promissory no!e secured hereby, mortgagor tovenants and agrees to pay to mo:tgagee with each monthly paymenf.an add'nionat sum estimated by mortgagee to be equal to 1~`12 of ttie annual cost of the follow- ing: A-AII rea! propany taxrs levied o~ assesscri against the above described real estate. - B-Pren:~u~ns on (ire and windsrorm insurar.ce as herein requ;red to be carried on the improvements sltuate on the above descr;bed premises. C-Prerr.iums on such mortgage guaranty insurar,ce as mortgagee shall {rom t~me to time deem fit to carry o~ the loan secured hereby. Mortgagee sha~l from t~me to tirr~ notify mortgagor in writing of the amount due and payable hereundrr and such sum shalt thereupon be due and Faya6le on the due dare of the next monthty payment and each successive month thereaf::r ur,til mortgagee shafi not~fy mortgagor of a change in such amovnt. Such su~ns sF.a:! be appiied by mwtgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance p~emiums. IN YlITNES~ NHER~OF, the said MORIGAGOR has hereunto sef his 6and and seal the day and year first aforesaid_ ~-9~ed, sea~ a~d de ~ r?~e ~eseoce of: F~~ED ANO RECORDED ~T. LUC~~ COUNTY. F~~. { -~s~.n - :r ~:cF;~= L n a 1 ~35(~;~ cs~.n - ~j j Q ~-n 57ATE OF FLORIDA ef~`, v•~~ COUNTY OF _ S t . ' _ il -1 ~ ~ ~ ~ Before me persona:(y appeared ~~~'7l'J~f'i~ ~~~~d{T an snd ~O~nn3G~8~t,,.~~j{;V~T C UR his vr;fe, to me well known and known to me to be rhe individuals desuibed in and who exetuted the foregoing Instrument, and ackrwwledged before me that they executed the sarrK fw the pvrposes therein expressed. And the said Joanna 1tcGaur~n wife of ~h~ said Denny ~•1cGauran upon a sepa.ate uid private examination by me taken separate and apart from her said husband, atknowkdged to and before me that sF?e execufed uid insfrument freely ~nd volun- tarily and without any computsion, constraint, apprehension~ear of or from her said husband. t WITNESS my hand and official seal this- day of +~5~ A. D. 19 7O Notary Pu ' in and for the S ate of florids et larye My Com sion exp7res: 6~ / 9~~ Retu~n To: First Federal Savings S loan Association Of Fo~t Prerce. '`ti t~ i,~ • ~J•S:a!'/ ~:,?ri, 5;e4 of florida at t.arye Forl Pierte. Florida j~~`y , i~~~ ~~1~~ e:.;iiiQ{i Ex~ras lwq. 6. ~97~ j'_ • ' ~+w ~r M~ciw~ F~c+l ~+Yr ~ r, ` . ~ ~ i ~ t . . . . - o. ' This Instrument Prepared By JamQS D. Chastai~' _ First Federal Savings & Loan Association c% - of Fort Pierce , Florida Checked By ~ ~°'r~~~••.., t S i ~ ~ t • BOOK 384 PACE~t~~ ~i ~ ; i