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Home My WebLink About0233 3. To place and continuously keep on Ihe bu~!dings now or hereafte~ eituate on sa~d Iand and on all eq~ipment ar.d personally co~rered by this mor e9e, w~th all prem~ums thereon pa:d in full, fire insurance in the usual standerd po~icy fo~m, in a su~n approved by the MOR~GAGEE, and windsro ~nsurance in ~hr usual srandard po:;cy iorm, in a sum approved by the MORTGAGEE, i~ wch company or tompanies as tne htpRTG~.GEE m d~rec~; and all ti~e ar,d w~n~ato~m insu~a~ce poliues on any of sa~d buiid~ngs, any interest therein or pait ?hereof, in the a99rega~e sum aforesaid in excess ~hrreof, shall contain fhe usual standa~d mortgagee clause or such other clause as the Morlgagee may requ~re, making the Ioss under ~a~d pa c~es, each and every, payoble Io said A10RTGAGEE as rts interest may appear, and each and every such po:~c/ shall be promptly ass gned and delivered ~ any heid by saiJ MORfGAGEE as funhar se:urity ~o said morrgage debt, and, not less than ten (10) days in advance of the expirat~on of each pol~cy, to d. I;ver to sa;d ~AORiGAGEE a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no f~re or wii~dsto~m insuranc plated on any o( sald bu~!dings, any interest the:ein or part thereof, un!ess in the form and with the loss payable as aforesaid; and in the eveM any sun of mo~ey becomes payable under such poticy a po~icies said MORTGAGEE shall have ~he option to reccive and app~y the sa~ne on account of the indebted ness sec~red hereby or ~o perm~t naid MORTGAGORS to receive and use it w any part the:eof for o;in~r pur;:os~s, .•.~~hout th~{~u~ waw~.y cr ~mpa~r ~ng any equ~ty, lien or right under or by virrue of this mo:'gage; and in Ihe event said MORTGAGORS shall for any reason fail to keep the said premises so insur~d, or fail lo dcliver prompfly any of said poGu^s oi i~surante to said MORTGAGEE, or f~il pfomptly to pay iully any premi~m ~herefor or in a~y rispect fuil to perform, d~scharge, execute, eNed, complete, comply with and abide by this covenant, or any part haieof, said MORTGAGEE may place and pay for such insur.~nce or any part thereof without waiving or affec~ing any option, lien, equ~ty, or ~i~h~ under or by virtue of this Mo~tgage, and thc ful! a~no~m af each a~~d every such payment shatl be immediatefy due and payable and shall bear interest irom the date thereof until paid at the rate oi n~ne per o_nr~m per annwn and to~eth~r w~th such interest shafi be secured by the lien o1 this mortgaye. 4. To pcrmit, comn,it or suffer no waste, impairment or deterioretion oi said property w any part thereof. 5. To pay atl and singular the costs, charges and ezpenses, including a reasanable attaney's fee and costs of abstrads of title, incurred or paid. at any tin.e by said MORiGAGEE, because or in the evero of the failure on the part of the said MORTGAGOR to duly, promptly and (ully periwm, d~scharge. exrwte, effect, complete, comply wnh and ab;de by each and every the stipulatlons, agrerments, co~ditions, and covenants of said promissory note and ~his ' „ortgage any or e~~he?, and sa:d costs, charges and expenses, each and every, shaU be immediately due and payable; whether or not there be notice de n,:;r.d, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the date thereof until paid at the ~~i~~ o~ nine per centum pcr annum; and ail said costs, charges and expznses irxurred w paid, togather with wch interest, shall be secured by the lien of thii morlgage. - 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of sa:d sums of money h:~rein referred to be not pro~nptly and fully paid within th,r~y (30) days neat after the same severa:ty betome due and payable, without dema~d or nofice. ~r (c) in the event each and every the stipulations, agreements, cond~tions and covenants of sa,d promissory note and th~s mortgage any w eithei are not i~ly, prornptly and fu1ly performed, d.schargzd, executed, effected, compteted, complied wi~h and ab~ded by, lhen in e~ther or any such event the said ag ~r~gate sum mentloned in said promissory note the~ remaining unpaid,•with imerest accrued, and all moneys setured hereby, shall become due and pay ao'.e forthwfth, or thereaiter, at the option of said MORTGAGEE, as iully and campletely as i( aIl of the said sums of money were or~ginally sGpu~ated ~o be pa:d on s~ch d:.y, anything in sa:d prom.~ssory note or in this Mortgage to the conrrary notwithstanding; and thereupon or thereafter at the opt~on of s~.J MORTGAGEE, witho~t nonce or demand, suit at law or in equity, therefpre w thereaher be9un, may be prosecuted as if aU rroneys setured hereby r„d matured prior Io its institution_ 7_ That in the event that at the be9inning of or at any time pendi~g any su~t upon this Matgage, or to fwetlose it, or to reform it, or to enforce z~ment of any claims hereundrr, said MORTGAGEE shafl apply to the Court having jurisd~dion thereof for the appoimment of a Receiver, such Court shaH ~-chwi~h appoint a receiver of said mortgaged property all and sing~lar, inct~d~ng ail and singular the ir.come, proi~ts, issues and revenues from whatever c. ;,~ce darived, each and every of wh~ch, et bei~g ~xpressly understood, is hereby morrgaged as if speufically set forth and described in the g~anting and r,cendum cia~ses hereof, and such Receiver shai~ have all the broad and effecrive f~nct,ons and powers in anywise entrusted by a Court to a Receiver, and s_h appoin`ment shall be made by such Court as an admitted equity and a matter of absolute right ro said MORTGAGEE, and without referente to the ~:1_.~v:cy or inad<quar~ of the vatue of the property morf aged or to the soir•ency or insolvency- o( sa~d MORiGAGOR or the defendants, and that such ~~s, profirs, income, issues and revenues shall be appl~ by such Receiver according to ihe lien o? equity of said MORTGAGEE and the practice of such Court. 8. To du:y, promptly and (u(ly perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, _cr.ditions and covenants ~n sa~d promissory note and thls mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a person other than the MORTGAGOR, the : ~RIGAGEE, ifs seccessors and assigns, may, without no~ice to the MORiGAOR, deal with such successor or successor in iNerest with reference to this o•~gage and the debt hereby secured in the same manner as with fdo~tga9or wifnout in any way vitiating or d~scharging 1he Mortgagors' liability here- u:,der or upon the debt hereby secured. No safe of the premises hereby mortgaged and no forbearance on the part of the IJ10RiGAGEE or its successo~s or ass~gns and no extension of the time for the payment of the debt hereoy secured given by the MORTGAGEE oi its successo~s or auigns, a~iall operate ro re~ease, d~scfiarge. modifv change or affect the origlnal liability of the MORTGAGOR herein, either i~ whole or in part. 10. It is speufically agreed that t~me is of the essence of this contract and that no waiver of any obligation hereunder or of the obligatan se- wred hereby shall at any time therEaEter be held to be a waiver of the terms hereof w of the instrument setured herby. 11 . In aoci t:u~ ro the forego n9 monthty paym~nrs of princ pal and interest required by the p~omisscry no!e sec~~ed herebY, mortgagor tovenants ,-~d agrees to pay to m,o~tgagee v~ith each monthiy payraeM an add~rional sum est~mated by mortgagee to be equal to 1; 12 of the annual cost of the follow- ~ A-A!t real prop^_rty taxrs levie~' or assessed agai•zst the above describcd real esiate. 6- Fr::r,~.,•::s o~ fire and windsto~m insuracce as herein requ;~ed to be carried on the improvemeMS situate on the above d_scribed premises. ~ G-Pram~un•s o~ such morr~age guaranty insvrence as mortgagee shail from t~me to time deem fit to carry on the loan secured hereby. i h1ortgagce shh:~ !rorti t~me to tlme notify mortgag~r ~n writing of the amounf due end payable hereundar and such sum shall thereupon be due and ' ,~~ab~e on Yrr~ ci„a dare oi Tne next monrh:y pay~t~<<~~ a,~d each s~ccessive ~onth sne:eaficr ~f.tiE mwtgsgee sha'I ne=:#s m~rt3a~c~r of a thar.ge in svch ~ ~~~punt. Jv[n su~ns si~a:~ ue oNp~:icu uy a~u~iyoy~-o iuwa~.i {i~c ~.o~.~~c... J. .co~ r.:Gr.~.-:'~ ..;XC.. .....,...G._ j.C_...._.. , ._•{~-a- :~t. neY inep.a.Ke ! ~ "emi~ms. 1 I ITP SS '!rH 'OF the said MORTGAGOR has hereunto set his hand and seal th day an ar first aiore~ ~ gned te 'ivered in thy~ sence of: ~ ~ ~ ~/~j ~la , s- 'Seaq ~ ~ Witne ~ Frederick D. McGrath csean ~ :~~~.~es~7s.1E. ~ • ~l7 ~ ~i.~~_~ lSeal) Witnes , J` Anna M. McGrath S'A1E OF ets~t~c Massach~y~ etts ~ ~ J7~ ~JUWTY OR -"1~~ ' ~ Before m rsonally appeared Frederick D. McGrath and _ Anna M. McGrath his wife, to me well known and known to me to be t'r, : individuais described in and who executed the foregoing instrument, and acknowledged before me that they executed the same fw the purposes rhe~ein expressed. And the said Anna M. MeGrath »~;c of the sa~d _FL'~d@I1CIC D. McGrath , upon a separate and private ~ ~.am:nat~on by me ta4en separate and apart from her said husband, acknow~edged to and before me that she executed said instrument freely and volum r~r~ y and wnhout any compulsion, constraint, apprehension, or fear of or from her wid husband. WITNE55 my hand and off~c~al seal this__ ~~d ~C - day of Au A. D. 19 72 ~ tR.4 Notary Pub.ic in and for the State of r' at lar e ~ My Commission eapires: MeS58ChIIset~~ Retum To: oZ7~ /97~ . first Federal Savings b loan Association _ Of Fo.t P.~rce. ~ 1r Fort Pierce. F7or~d3 •'~,,~L4~ `j - - fILEC tw'-: "fC4FiDE~ ~ : ° c;Y ~ ~t^~~~:ts5:c'.~.: SLlUC1E (.GUMiY FLA. . - - ' P.OG_R:..;~~AS , _ ';.?t. . This Instrument Prepared By : Ronald I.. Stutz CLE=K ~tt COURT First Federal Savings 8 Loan Association R~C~.~'~ T ~ ~ of Fort Pierce , Florida 33450 ~Qj ' ~ ' ~ SEP 5 3 oaPNy~Z ~ ~ Checked By - 2~3'7441 800K ~.tlV PJ1SE { 1 n )