The URL can be used to link to this page

Home My WebLink About1543 3. To place and continuously keep on 1he bui'dutigs now or hereaiter si~vate on ~aid land and on ail equip~nenl ind personally covercd by lhis mor ; age, w~~h •II premiums thereon pa d in full, fne insu~ance in the usual standa~d potity form, in a sum approved by the MORiGAGEE, and windslo ~murance in the usual ~randa~d poi,cy lo~m, in a sum appro.ed by ~he MORTGAGEE, in such company or canpan~es as the MORiGAGEE m d~recr, and aU (ire and wlods~orm inwronce poi~c~es on eny of said buiid.ngs, any interes~ the~ein or part thereoi. in ~F+e +99regate ium atotesaid in excess Ihereof, shall contain the us~al i~andard mortgagea clause o~ such o~he~ c!a~se as tha Mo+tgagee may req~~rs, making the lost unde~ sa~d po c~es, each artd every, payable ro said MORTGAGEE as ~ts mierrst may appear, and each and e~ery such po~~cy sfia11 be promptly a~s g~ed and de~~~ered ~ . eny held by said MOR(GAGEE as further sewrity to seid n~ortgage debt, and, not less than ten (101 days in advance of the expiratioo of e+ch polity, to d~ I~ver to said A10RTGAGEE a renewal thereof, toge~her with a receipt for the p~e~nivm of such renewat; and ~hnre shalf be no firo a wi~dstorm insurant plated on any of said buildings, any inte~e~l there~o or part thereof unless in ~he form and wi~h the Ioa~ payabte as aforesaid; and in the event any sun of money bccomes payable undcr such policy or pol~cies said MORTGAGEE shall have ihe op~~on to receive and apply the same on account o1 the i~debted ness secured hereby or to permit aaid hIORTGAGORS to receive and use it or any pa~t the:eol for o;iier pwposrs, v.:~hc~t th_~~o~ waivin~ ~r ?npai~- ing any equ~ty, lien or right under a by virlue oi this mor'gage; and in Ihe event sa~d MORTGAGORS shatl for any reason iail to keep the s~id p~emises so ~ ~~,au~ed, or fail to dzliver pranptly any of said po~it~es of insurance to sa~d MORiGAGEE, or fa~l promptty to pay tuNy any pro~n~um thcrefw w in a~y respect fail to perfwm, d~scharge, exewte, effect, compleie, comply with and abide by th~s tove~ant, w any p~rt hrreof, sa~d MGRTGAGEE may p:ace and ~ pay fw such insurance or any part thereof withaut waiving or affectirg any oprion, Iien, equrty, or right unde~ w by vi~tue of this Mongage, and tht fui~ amount of each and e~ery such payment shall be imrned~atety due and payable and shall bear interest from the date thereof until paid s1 the ra~e ot ~~~~~e per ce~tum pe~ annum and to~rthar with auch interest shali be sacured by the lien of thia mortgage. 1. To psrmit, commii w su(fe~ no waste, impairment w deterioration of said property w any part thereof. 5. To pay all and singular the tosts, cha~ges and expensrs, including a reasonable attorney's fre and costs of abstratts of titte, i~curred w paid at ~ any time by said MORiGAG'.E, because or in the event of ihe ia~lure on the part of the said MORTGAGOR to duly, promptly and fully pe~form, d~achar9e. S ~xecute, effet?, complete, comply with and ab;de by each and every ~he at~pula~~ons, agrec'~~~enis, cond~uo~s, and covenants of said promisso~y note and this ~ mortgage a~y or either, and sa~d costs, charges and expenses, each and every, ahall be immediately due and payab:e; wheiher a not thare be ootitt dr mand, attempt to collect or suit ptnding; and the (ult amount of each and every wch paymeM shall bear interest irom the datt fhereof uotil paid at the ~ ~,~e oi nine per c~ntum per am~un; and ali said costs, charges and exprnses ]ncurred or paid, together w~th such interest, shall be setured by the lieo oi thia ~ mortgage. 6. That (a) in the event of any breach of Ihis Mo~tgage or defautt o~ the part of the MORTGAGOR, or (b) in the event any oT sa:d sums of money herein ~eferred to be not prompNy and futly paid w~~hin th~:ry ~3u) days next aste~ ~he same severa!ly beco+ne due and payable, wi~hout demand or notice, or (c) in the event each and every the stipulations, agreements, conditions and cove~a~ts of sa,d promissory note and th~s mortgage arty w either are nol iuly, promptly and fully performed, d;scharged, ezecuted, effected, canp?eted, compl~ed with and abided Sy, Ihen in euher or any such event the sa~d ag ~regate sum mentioned in said promissory ~ote then remaining unpaid, with interest accrued, and all moneys secured heteby, shaU become dve and pay- ao e forthwith, or thcreafte., at the our~on of sa~d MURTGAGEE, as fu~ty a.d completely as if a~l of ~he sa~d sums of money were w~ginally st;pulated to be paid on such day, anything in sa:d prom~ssory note or in th+s Mo+tgage to ~he con+rary notw+thstanding; a~d thereupon or thereaftd at the option of s.. d MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafier begun, may be prosecuted as if all rnoneys secured hereby , r,.,d matured pnor to its institution. : ~ 7. That in the event that at the beginning of or at any time pend~ng any suit upon this Mortgage, or to fwetlose it, ot to refwm it, or to enfo?ce 1 ; ~qme~t of any claims he~eunde~, said MORTGAGEE shall apply tc* ~he Cou~t having junsd~ction thereof for the appo~ntmeM of a Receiver, tuch Court shail f,;~rhwith appo~nt a rece~ve? of said mortgaged property all and singular, includ ~g aIl and singular the irtcome, profds, iuues and ?evenues from whatever ; sc~rce derived, each and every of wh;ch, it be~ng eapress.y undersrood, is F:ereby mortgaged as if speuficatly set fwth and deuribed in ihe granting and ~ habendum clauses hereof, and such Receiver shall have all the broad and effective f~ncT,ans and powers in anyw~se entrusted by a Court to a Receiver, and s_ch appaintment shall be made by such Court as an ad~nitted equity and a matrer of absolute r~ght to said MORTGAGEE, and withoul refe~ence to the ndequaty or inadequacy of the value ot the property mongaged or to the so~vency or mso~vency o( sa~d MORTGAGOR or the defendants, and that such r~~fs, profits, incane, issues and revenues shall be applied by such Recr~ver accord~ng to the lien w equity of said MORTGAGEE and the practite of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply w~th a~d abide by eath and every the stipulationa, agrcements, conditions aod covenants in sa~d promissory note and th]s mortgage set forth. 9. That in the event tha ownership of the mortgaged premises, or any part thereof, bxomes vesfed in a perwn other than the MORTGAGOR, the S'ORTGAGEE, its successors and ass~gns, may, wi~hout norice to the MORTGAOR, deat with such successor or successw in interest with refere~ce to thi~ mo•tgage and the d~bt hereby secured in the same manner as with Mortgagor w~thout in a~y way vitiati~g w d~xharg~ng the Mwtgagors' liabitity hert :~der or upon the debt hereb~ secur~d. No sa!e of the Fremises hereby mongaged ard no forbearance en the part oi ~he MORTGAGEE or its successors c-• assigns and no eatenzion of the time iw the paymem of the debt hereby sec~red given by the R10RTGAGEE or its successws or assigns, atia:l operate ~o re!ease, d~scharge, modify change or affect the orig~na~ liao~f:ty of the MORSGAGOR he~ein, either in whole w in part. 10. If is spedfically agreed that time is of the essence of this contract and that no waiver of any obligat~on hereunder or of the obligaYan st cvred hereby shall at any time thereafrer be held to be a waiver of the terms hereof or of the instr~ment setured herby. 11. M add:tio~ to tfie forego'ng month!y paym~:nn of princ pal and ir.seres+ ~equ~red by the prom~ssery no!e sec~red hereby, mortgagor covenants d agr~es to pay to mortgagee vvith each monrhiy pay~,,ent an add:~ional sum esr rr a~ed by mortgagee to be equal to 1, 12 oi the annual cost of the follow- 3: A-All real property taxes Ievi~d or assessed agai•~st the above desuibcd real estate. i j B-Prem~~ms on (ire and wir.dstorm insurar.ce as herr~n requ~red to be carri~d on the ~mp~oveme~rs situate on the above dascribed premises. ~ C-Premiums on such mortgage guaranty ir.surar:ce as morigagee ShaN froT. ume ro time deem fit 10 carry on ihe ban secured hereby_ ! ~ Nbrtgagee shaN from t~me to t~me notify meriyagor ~n writing of the amovnt dvz and payable hereundrr and such sum shall thereupon be due and E ._•„ble on the due ciare of ~h> ~eat month:y pay~nent and each wccessive month thereait~r until mortgagee shall notify mortgagor of a change in such ~ o»nt. Such sums sFail be app:ied by mortgagze toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance S ~ :~•emiums. IN ~YITNESS '1.'HERcOF, the uid MORTGAGOR has hereunto set his ha::d and seal the day and year first aforewid. a igned, Seal n ivered in he pr2sence f: y ~ ~ ~ (~Oa~ . ~ ; Eu9e e L. McKeever ~a~ E ~ ' ' ~ ~ ~ _ ~•a0 ~ ' S':;TE OF FLORIDA ~ ~ St. Lucie _ ~~urm oF y Before me personatly appeared Eugene L. McKeever, d S1Agl@ adult ~ - 3'sa~t to me well known and known to me to be ~ tha individualj desuibed in and who executed the foregoing instrument, and acknowledged before me that /hg~ executed the sartlt.fOf the putposes ~ rherein expressed. ~arlslbca~ r,,.;,;~.t.::_~ ~ zdfa~bl~c+~+~ V~1~, _ ~r~oab~mea~1~{ssossaliitapa~=ltC~tFliASis=~K~Attiec~~~om~leaa~~~~-fbat~he-.~mc~s~~~*wE'~~~#~R en ~ ~~~r~ie~ithifd~mttsRa~R~miease63+oR~~a~ ~fr~r~£stf~eo~beerid~a~bsd- : . ;J ~ .~;c K~;:~}'-:. March ' ~~r~ r~ WITNESS my hand and offic~al seal this__~~- day of _ A1. Q~" r 3 • t. ~ y . . ,t, , . f`T+ _ ~ , w ~ - Notary Public in end for the , p~' ~~t~ ~?r' _ My Commission expires: ~T~ • ; ; ; Retum To: r • ~t LARGE First Federal Savings b loan Associat~on MY ~a~.. . 25, 1975 ~ Of Fort P e:ce. ~b~ °7 ~llt IRSYfilK~ A. i Fort P~zrce, florida ~tEC,p p =T, lt1oCIE COUNTI i~~~: ROGEn POItRA~ _ CIEP.K Ci3C~It.Ci1U~fi~ This Instrument Prepared By John W. Collins RECORO YEA~FI 0~3- `:'s ` First Federa~ Savings 8 Loan Associaiion y`~ Q ~ '~y of Fort Pierce ~ Florida 1'f11R'~ v~9 4~ Checked By ~ - 22565'7 ; BooK200 ~~1542 - :s ~ - - . - ~ ~ ~ ~ ~ _ ~ ~ r~~ ~ , , r , r f~~~ _ ~ ° ~ ' ' ~ ; _ ~-~?*°~a~„+. ~ ~ . _ _ _