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Home My WebLink About0863 3. To p~ace and cont~nuously keep on the bui:du~gs new or hereafter ~~tuate on sa~d land and on aC eq~ipmeN and personally tover¢d by this mo~ eae. with all p~em~umi thereon pa:d m fuil, fire insurance in the us~al star.dard pol~ty form, in a sum aHprov~d by ~ha h10R~GAGEE, and w~nds~o r.s~~ante in tha usuai srandard pol.cy forro, in a sum approved by the MORTGAGEE, in such company or wmp•~n~es as the A~102TGAGEE m dnrcr, and all tire ar.d w~ndstorm insuran~e policies on any of said build~ngs, any intereat thcicin or par~ thcreof, in the a99r~gat~ sum afcresa~d in exttss thereof, stwll :unt~in 1he usual star.dard mortgagre clause or such other clausa as tha Mortyayee may requ~re, making the ioss unJr~ s~~d po c:es, each and zvery, paya~te ~o sa~d A~JRiGA~EE as ~ts in~crast r.~ay appear, and each and e~e~y wch poi;cy shail be pro~nptty ~ss g~~~u a„d da~ivrred ' a-~~ held by sald MOR(GAGEE as furthz~ seturity lo sa~d rnor~gage debt, and, not less ~han te~ (10) days in ad.an~e of the exF;irot~on of each pol~cy, to d. ;,~er to sa~d MORTGAGfE a renewal thereof, togerher with a rece~pt for the premium of such renerva!: and ~here si~all be no f~re w wi~~ds~or~o ins~ranc ~!ued on any of sald build~ngs, any interest there~n or part thereof, un!ess in ihe ~orm and w~~h fhe toss payable aa aforeiaid; and i~~ the event any sun of money becomes payable undrr such policy or poGcies said MORTGAGEE shali have ~he opf~on to rece~ve ~~~d app:y the san~e on ac.oun~ uf the indebtcJ n,~ss secureJ hereby or to perm~t sa~d 1~AORTGAGORS to receive ond use it a any part the:rof tcr o:n•r y.w~ ~s~~s, .:.~~~o.t th:•~u; ti,:~~~~~ c~ ~•:~p~~' ;~g any equrty, I~en or right under a by virwe of this rt~ortgage; a~d in the event sa;d MORIGAGORS sha!I `.or any re~son tail to keep ~he sa~d p+em~s-s so ~~sured, or fail to deGvcr promptly any of said polieies of insurante to said MORIGAGEE, or faii promptly to pay fui:y any pre~nwm ther~for or in any ~espect fail to pe~form, d~scharge, ezecure, effec~, compiete, compty wirh and abide by this covenant, or any par~ h~•reof, said MGRTvAGEE ~~ay piace a~~o F~~ for such insurance or any part thereof withoul waiving or affecting any optior?, lien, eqwty, o• ri3ht unde~ or by vi~tue of this Mortgagr, and thc t~,l amounl of each and every such paymaro shall be immediately due and payable and shall bear interest from the date thereof vntil pa~d at the rate ot .e p,:r cent~m per ann~,n anJ ta3r:her vti~h such inrerest shai~ be s~cured by the lien of th;s mortgage. 1. To permit, commit or suffer no waste, impairment or deterioration of said property or any part therroi. 5. To pay all and aingular the costs, charges artd expenses, including a reasortable attorney's fee and costs of abstracts of tit!e, incurred or paid at ~~r tin:e by sa~d h10RTGAG'_E, because a in the event of the fa~lure on the pan of the said MORiGAvOR ro duly, pro:npNy and fui~y pe~fonn, descharge. c~re, eifec~, complrte, comply wuh and ab:de by each and every Ihe stipulations, agree~nents, conditions, and covenants oi sa~d p~omi;sory note and ~h~s ~:o~igage any or e~*her, and sa:d costs, charges and expenses, each and every, shall be immedia~ely due and payable; whe~her or ~ot there be not~ce da ~~~d, atre~npt to cotlect or suit pe~~d~ng; and ~he full amount of each and every such paymem shaU bea. interesf Irom the date thereof until pald al the o~ nine per c~•n:um p~r an~:u n; and aii said costs, charges and expenses incurred or paid, togrther ~vuh such interest, shall be secured by the Ilrn of th:s n,ortgage. 6. That (a) in the event of any brea;h of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa;d sums of money Fere~n referred to be not prornptly and iu~ly paid within th~rty (30) days next afrrr the same sevcra:ty 6ecome due and payable, withou~ drmand or ootice, r. ic) in thr event each and every ~he stipu~ations, agreements, condltions and covenants ot sa d premissory note and th~s mortgage any o~ e~ther are ncl iv:y, prompNy and fu~ly performed, d:schargrd, exewted, eifected, completed, complie~ v~ith and ab~ded 5y, then i~ e~ther or any such eveN the said ag• ~•egate sum mennoned in s~~d promissory note then remaining unpaid, with interest accrued, and ail moneys setured hereby, shall become due and pay- aa e forthwith, or thereattcr, at the opt~on of sa~d MOR7GAGEE, as fuily and complete~y as if all o( ~hr said: wms oi money were or,ginally st~p~~ated ro be pald on suth day, anything in sa.d promissory note w in this Mwtgage to the tonnary notwithstand;ng; and thereupon ot thereafter at tht opt~on of s-.d MORTGAGEE, without notice or demand, suit at law or in equity, the~efore or thereafier begun, may be prosec~ted as if ali.nwnays secured hereby c,d matu~ed pnor to ds instituhon. r ' 7. That in the event rha~ at the beginning of or at any time pending any suit upon this Mortgage, or, to fo~ecfo~e it; or 16 te#o~ 4tqp~ to enfotce = F. ~,mero of any claims hrreundcr, said MORTGAGEE shall appiy 1o the Courl havi~g jur~sd.ction fhcrrot toi the appointry~ent of a'Reteire~syth Court SFiell ~ rhwith appoiN a receiver of said mortgagrd property all and singular, includ~ng all and singutar tt~e income, profits, issues and revenues frorir whaf~ver s_,•ce derived, each and every of wh:ch, it be~ng express!y understood, is F.ereby merrgaged as ~f spec~fically sei forth and describzd i~ Ihe granting and ; i.:..endum cfauses hereof, ard s~ch Receiver shail have aIl the broad and effedive funct~ons and powecs in anyw~s~ entrusted by a Court to a Receiver, and 3 ,_~h appointment shall be made by such Court as an admitted equity and a matter of absolute r.ght to sald MORTGAGEE, a~d wishout reference to the ..<:_•auacy w inadeqvacy of the vai~e of the property mwtgaged or to the so~vency or mso'vency of said IdORiGAGOR w the defendants, and that such ~•s, profits, inco.~, issues and revenues shaN be appiied by such Receiver accorduig to the lien or equity of said MORTGAGEE and the prectice of such C~urt. 8. To duly, promptly and ful!y perform, discharge, execute, effect, complete, comp~y wi~h and abide by each and every the stipulations, agreeenents, ;or.diteons and covenants in sa~d promissory note and ~his mwtgage set forth. 9. That in the event the ownersh~p of the mortgaged premises, or any part thereof, betomes vested in a person other than the M'JRTGAGOR, the :'~RTGAGEE, its successoss a^d ass~gns, may, withcut not:ce to the PdORTGA7R, deal with such successor or s~ccessor in interest with reference lo this ' o•tga~e and the debt hereby securzd in the same manner as w~th Mortgagor without in any way vit~ating or d~schargi~g ihe Mortgagori liability here- :.d~r or upon the deLt herz5y secured. No sale of the prem.ises hereby mor~gaged and no forbearance on the par~ of the IdORiGAGEE or its svccessors e~ ass~gns and ~o extens~on ot the time for the paymenf of the debt h~reby secured given by the MORTGAGEE or its successws or ass~gnf, ahall operate ro re~ease, d~scharge, modify change or atfect the origmal lian~lity of the MORTGAGOR herein, either ir. whole or in part. ~ z 10. It is spec~fically agreed that time ~ is of the esse~ce of th~z contract and that no waiver of any ob~~gation hereunder or of the obligation se- 4 c"~•d hereby sha!t at an~ time thereafter be he:d to be a waiver of the terms hereo} or oi the instrument secured herby_ ; g 11. In aJd.tic:~ to the iorege nq month!y paym_nts of pri~c pal and inrerest requ~red by the prom:siory note setured he~e5y, mortgagor tovenants ~ :i agr~es to pay ro n:ortgagee v~rth each rronthiy payrnent an add~rional sum esr~mared by mortgagee to be equal to l; 12 of tt~e an~iual cost of the foffow- ~ : A-AIt rcal property taaes levied or assesse~ agai•ist the above described real esrate. ' 6-Pr~•n.iwns on fire and w~ndstorm insurar.ce as here~n requ~red to be ca~ried on the ~mp~oveme~ts srtuate on the above desaibed premises. C-Prem~~r,s on such mo:t~:ge guaranty ir.sura~:ce as mortgagee shail from tme to t~me deem fit to carry on the toa~ secured hereby. ' Mo~tgagee s~a.~ from m„e to rin,e not~fy Mortgagor in wr~ting of the amo~nt d~e and payable hereundrr and such su~n shaEi thcre~pon be due and ~I ...b;e on the due da!e oi rhe n~xt month:y payment and each successive month thereaf~er ~ntii mortgagee sha!I notify mortgagor of a change in such ~:,nt. $ucF~ su~ns aha.l ce apE.:ied by mor!gag~~e toward the payment of real property taaes, insurance prem:~ms, a~~d mortgage guaranry insurance f ~ ~~i~ms. ; N Y~ITNE55 L'~HER~OF, the said MORTGAGOR has hereunto set his hand and sea! the da~ a ar rst a{oresai~ ~ , ~ S , Sealed and d' er in the p?esence of: _ ~ . ~ ~J j ~ , r j - . Olie B. ~1cCarty ~ (Seaq - ~Seaq S"47E OF FLORIDA ~ St. i.ucie u• ~.~UNTY OF 1 Befwe me personally appeared ~lle B. HcCarty, a single a(jt11L - ~a~~ to me well known and known to me to be e _ ind:viduai described in and who executed the foregoing instrument, and acknowfedged before me that Shc executed the same for the purposes ~ rh,.ein expressed. ~a~t~esAd ~ ~ .v Ee ~t s!s s~ _ .'m~~p~leaaeE paale ~ snmisma i~ aae ~ot~~at~ i~as iw~zd~lsabaea~ sCkamrMOdr,~t m~ buA~s~tactAat~tACwtat~~sm ~a~l~ and aadats ~erd~e~a~mtass~a+gs~oo~a~me~m~acmm~~sprsF~ru ~l~oe¢Ise~~msbsnd. ~ ~ WITNESS my hand and of(rc~al seal th~s_ day of JU 1 ~q 72 ~ • • . : ~ ; :r % : ~ Notary Pub11c in and for tf je Sf~~; ~ otida%at:largs~ "r~~ My Commissio~ expires: t ~ - Ret~r~ To: 1~ j~ PU6lft.~siATE~~pjt~DA it LARGE ~ First Federal Savings 3 toan Associ~t:cn Ml(~ S$ION ? ~ Of Fo~t P..rce. ~~~.~,,~~.$EPT. 25.1975 ~ ~~Y~~~a,'6~ril~eets Insurance Co. Forr P~_~rce, Fio-iJa ~ •,~.~~r,~,..• . ~ t ~ f lE0 ~MD RECORDEO This Instrument Prepared By Richard K. Ka,yes g~.~UCIE COUNTY fl~. ~ First Federal Savings 8~ laan Association ROCEa POITRAS _ of Fort Pierce ~ Florida CIERK Cz~C1l11 COUR ~ ~ RECORD VERI~IEU _ Checked By',~__-____ ~11 3 3a PN : ~ ~ R 2.~3~o s ~ ~o~K 204 ~~E ~~3 ~ : - ~ ~ -a . ; ~ ~ ~ ~ ~ _ _