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Home My WebLink About2499 . ' 3. To ptace and continuously keep un t~:e bui d~ngs now or hereafie~ a~tuate on said land and on a!1 ~quip~nent and petsonally covered by this mw a9e, w~th a~l premiums thereon pa~d in full, iire ~nsurance in ~he usual sfa,~dard policy form, in a s~m approved by ~h~ MORivAGEE, and windsto ~nsurance in tha usual s}andard pol.cy iwm, in a sum approved by the MORTGA~'iEE, in such cornpany or compa~~es as ?he MORTGAGEE m . d~reu; and all fire and w~ndsiorm insurence poliucs on any of safd build~~gs, any interest therem ur pa.f the~eof, io the aggre9a~e ium aforesaid in excess lhr~eof, shall tonta,n the usual standard mortgagee cla~se or such othe+ ciause as Ihe Mo~~gagee may req~.re, maAing tha ioss undar ia,d po c~as, each and overy, payable to sa~d 1~ORTGAGEE ai as in~e~e~t may appear, and eacA and every such poi~cy shatt be prompNy assgntd a~~d de~~verrd ~ any hetd by sa~d MORiGAGfE as f;,rrher secu~~ry to sa~d mw~qage debt, and, not less than ten (10) days in ad~ance of the expiration of each poGcy, to d. l~ver to said MORIGAGEE a renewal thereof, toge~her with a receipt for the premium oi suth renewal; and t?~are sha;l be ~o fire or windsto~m inau•snc placed on any of sa~d build~~igs, any in~erest there~n or part thereof, ~ntess in rhe (orm and w~th the loss payab!e as aforesaid; and in the even? any sun ot money becomes payable under wch po~iq w poGcies seid MORTGAGEE shall have the opt~on to rec:ive and app!y the sa~ne on account o( Ihe indebted n~ss secured hereby or ~o pe~m~t said MORiGAGORS to receive and use it p any purf thereof for o;n~•r Hvr;:os~~s, v.~~i,o~r ~h~.~~< <tia~vi e~ e~ nnp.,~r ~~9 any equ~ry, I~e~ or right under or by virtue of this mo-tgage; and in the event ~a~d MORTGAGORS shall for any reason fai) to kcep ~he :a~d prem~scs so ;nsured, or fail 1o detiver promptly any of said policies of insurante to said MORTGAGEE, or fail p:omptly to pay fu~:y any pre nwm the~efor or in a~y respect fail to per(orm, d~scha~ge, exetute, e(fecf, tompteta, compty with and abide by th7y covenant, o~ any p3rt ~rreof, said MORTGAGEE may piate a~o pay for :~ch ir.aurance or any part thereof w~~twut waiv~ng or affecting any option, lien, equ~ry, or r~gM unde~ or by virtue of this Mortgage, and the f~il amount of each and every wth paymrN shall be immediately due and payable and si~all bear interest from tFw date thercoi vnti! paid at the rate ol n~ne per cenwm per annum and to~~nc~~ v.~~h c~th interest shali be sxured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. S. To pay all and singutar the costs, charges and expenses, ~ncludirr~ a reasonable atto~ney's fee and cosrs of abstracts of t~~te, incurred or paid at any ti~r.e by said MORTGAGfF, because a in the event of ~he failure on the part of the said MORTGAGOR !o duly, pro.mptly and fully per}orm, d~scharge. ~.ecute, eflect, canplere, comp!y w~th and ab:cle by each and every the stipulanons, agreements, conditions, and covenants oi sa~d p~omissory note and ~his ~:or~gage any w e~~her, and sa:d costs, charges and expenses, each and every, shall be immediately due and payabfe; whether or not tAere be nonce dz n,~nd, attempt to coltect or suit pend~ng; and the ful! a~nount of eacF and every such payment shall bear in~erest from the date thereof until paid at the ~~re o~ n~ne per cen:um ~.cr an~~u~r, and aH said cos~s, charges and ezpenses incurred or paid, together w~th such ~nteres?, shall be secured by the lien oi th~s mortgage. b. That (a) in the event of any breach of this Mortgage or default on fM part of the MORTGAGOR, w(b) in the event any of sa;d sums of maney herein refe~red to be not promptly and fully paid with:n th~rty (30) days next aftcv the same seve~alty become due and payable, without demand o~ notice, er (c) in the event each and every the sfipulations, agrermeNS, coaditions and covenaMS of sa.d p~omissory note and th~s mor~gage any oi e}?her are nol ivly, promprly ar.~ fully perfo~med, d.scharged, executed, eifected, completed, compiied with and abided Sy, tFKn in either er any such eveM the sa~d ag gregate sum mennoned in said promissory ~ote then remaining unpa~d, with interes~ accrued, and atl moncys secured he?eby, shall betome due and pay- ao;e forfhwith, or thereafter, at the opt~on of said MOR7GAGEE, as fully and comple~ely as ii al1 of the said sums oi money were wginaily stipulated ro be pa~d a~ such day, anyih~ng in sa.d p~or,nssay nore or in th~s Mwtgage to the conrrary notwithstanding; and thereupon or thereatter at the opGon of s~ ci MORTGAGEE, without nonce or demand, suit at law w in equity, theretore ar thereai~er begun, may be prosecuted as if a!! mo~eys secuied he~eby r,_d marwed prvor to ~ts institution. 7. That in the event that at the beg~nning of or at any time pending any su~t upon this Mortgage, or to foraclose it, or to reform it, or to enforce payment of any daims hereunder, said MORTGAGEE shall apply to the Cou~t having jur~sd;ction thereof for ihe apµointmenf of a Receiver, such Courf shail fcrthwith appoinf a reteiver of said mortgaged preperty ail and singular, indud~ng all and singulai the ir.come, prof.ts, issues and revenues fiom whatever i s~urce drrived, each and every of wh~ch, it being expressly unders?ood, is hereby mor~gaged as ~f spec:ficaily set ionh and described in the granti~g and hjbend~m c!a~ses hereof, and such Receiver shail have alf the broad and effective funa.ons and powers in anyw~se entrusted by a Court to a Receiver, ar,d s, ch appo;ntment shal~ be made by such Court as an admitted equity and a mafter of absoi~te right to said MORTGAGEE, and nithout reference to the j >.deau,cy w inadequacy of the value of the property mortgaged or to the so~vency or inso~vency o( said f440R~GAGOR or the defendants, and that such ~->~,rs, p~o{its, inco.ne, issues and revenues shafl be appiied by such Receiver according to the lien w equity oi said MORTGAGEE and the practice of such Ccurt. 8. To duly, prompt;y and fully perfo+m, discharge, execute, effed, complete, comply with and abide by each and every the stiputations, agreements, o~nditions and covenanrs +rt sa~d psomissor~r note and th;s mwtgage set forth_ 9. That in tbe event the owne~ship of the mortgaged premises, or any part thereof, becomes vested in a person ather than the MORTGAGOR, the .'~RTGAGEE, its successors and ass~gns, may, without no~ice to the VtORTGAOR, deal w~th such s~ccessw or s~ccessor in interest with refere~ce to this o~rgage and the deb? hereby secured in the same ma~rter as wirh htorrgagor w~thout in any way viGating or dlschargiog the Morgagors' liability here- c~:der or upon the debt hereb; secured. No sale of the premisel hereby mortgaged and no forbea~ance on the part oF the lAOR7GAGEE or its successors or assigns and rro extension of the time foe the payment of the debt hereby sec~red given by the MORiGAGEE or its successors or ass:gns, a7ia1! operate ro re~ease, d:scharae, modify char.ge er affect ?he original liau~l~ty of the MORTGAGOR herein, either in whofe or in part. 10. It is spec+iically zgreed that time is of the essence of this co~tract and that no waiver of any ob!igat~on hereunder or of the obligation se- cured hereby shati at any time thereafter be held to be a waiver of the terms hereof or of tf~e instrume~t secured herby. 11. In addtio~ to the fo~ego ng month!y paym~nts of princ pal and interest required by the prortusscry no'e sewred he~eby, mortgagor covenants 3 +-d agr~es to pay ro mortgagee .tiith each monthiy pay~,:ent an addnional sum CSiimaleCl by mortyagee to b2 eq~dl fo 1; 12 of the annual cost of the foliow- 2 ~ . A-A? real property taxas iev~_c'. or assessed agai~ut the above descriyed real estate. ~ B-Pr~mw~ns on fire and windsto:m insurart~e as herein requ~red to be car~ied o~ the imYrovemeits s:tuate on the above described premises. ~ C-Prem,ums on s~ch mortg,ge g~aranty ir.wrar:ce as mortgagee shail from time to time deem 4it to cany on the loan secured hereby. lAortgagee she:l f.c:n h~ne to t~me notify mortyagor i~ writ~ng of the amou~t due and payable hereundrr ancl s~ch s~m shall thereupon be due and ..abte on th~ d~e ~.,te of ~h= near n,onthty payment and each success~ve month thereafr:r ur.ti7 mortgagee shaA not;fy mo~?gagor of a change in such _ ount. Such sv~ns sha:i be app;ied by mortgagee toward the payment of real property taxes, insurence prem:ums, and mortgage g~aranty insurance .~~~emiumi. - IN Y~lTP1E55 '.YH;R~OF, the said MORTGAGOR has hereunto s~er his hand and seal the day year first aforesaid. i , Sealed and deliv ~ed 'n the presence of: . ' etL~-~'l._ c C ~ al) _ Jack H nner Scott ~a~~ t - t~ v Qc( ~ (Seal) Grace Ann McCauley Scott r~aq S i ATE OF FlOR1DA ~ ~~UNTY OF SL. Ll1C1Q I Before me personaHy appeared Jack Hanner SCOLt and _ SildCe Ann MeCauley SCAtt his wife, to me well known and known to me to be ri,r indrvidua~s describzd in and who executed the foregoing instrumrnt, and acknowledged before me that they executed the same fw the purposes i , th•~rein ezpresstd. And the said_ CiZaC@ AAII McCaulpy SCOtt :~~ie of the sa~d __.7aCk ann i S ptt upon a~aepsrate.andpriwt~ e.am~nat~oo by me taken separare and apart from her said husband, acknowledged to and before rne that she e:ecuted said insttver~l;'fre~y ahd~ toluo- '~-~~y and wrthout any compulsion, constraint, appre s~ or ear of or from her said husband. .••^~~~t~~~ ~ r YlITNE55 my hand and o~fiual :eal thi day oi $e tember V~!"- ~ ;9 7•y ~ ~.~y f - . . ~ N ry Public in for the Sfa1E pf,~l~ii ~at st!~ ' Commission expires: 't ~ ~ . j Retum To: ; + ts ~f '~~.M SS :r Fc.: ~:r ~,~.:E ~F ~ ~C , ~ ~,G~ First federal Savings 8 loan Association ~ ,i,~ E~ t: • of ~o,f Pf.~P 2 89 _ , . . ~ =~~a~t~-; ~ .J i,:..i: : W. ~~i~ y.{l.~~ ' , Fori Pierce. Florida J • - • , ; ~ .11.; • ~ - This Instrument Prepared By Richard K.~a~ ~ AK~ ~ENT`R1~~*• First Federal Sav~ngs 8~ loan Assouation ~~~~Q ~p TRI?S ~ _ of Fort Pierce ~ Flor ida CLERK ~~R`'U~T COU~t ~ ~ t RECOAfl ~ERlF1E~ Checked By 0 R ~A ; ~t 3 9 2~ A1~ eaaK ; acE '3~~ E j ' 1 ~ _ ~ . ..Y ~ _s~~e +.es3c"' +~1.~.~`"`~.'~itr~.'~~~C-'~'n3rt', _ .'s .~K'`~