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Home My WebLink About1731 3. To place and continuous~y keep on the b~~'d~ngs now on c~reafter ~Ituate on sa~d ~and and on all equip~nent and personaliy covered by this ma ege, w~~h all p~emiv~ns ~hereon pa,d ~n fu1l, fire ins~rance in ~he ~sual standard policy form, in a sum approved by the MOR~GAGEE, and windsto :rsurance in the usvai standa~d po~,cy iorm, in a sum appro.ed by the MORTGAGEE, •in such company or companles as the MORTGAGEE m d~~ect; and aU (ire and w~ndstorm insvrance po~rc~es on any oi sa~d b~ifd~ngs, eny interest therein or part thereof, in the aggregate wm aforesaid in excess Ihereol, shall :ont3in the uwal standard morfy.~gee uause or wch o~her c~juse as the hlortgagee may requ~re, ma4ing the ioss under sa~d po c~es, each and every, pa~ab?e to said h10RiGAGEE as ~n inieres~ may appear, anc! each and eve~y auch po!rcy shall be promptly ass gned and delivered ~ eny held by sald ~V10RTGAGEE as iurther security to said morigage d~bt, and, no~ iess ~han ten (10) davs in advance of the expirat~on of each polity, to d~ l~ver to sa~d MORTGAGEE a renawal the~eof, foqe~hrr whh a rece~pt for the premium of such renewaf; and fhere shalt be no f~~e or w~nds~orm inwronc p!aced on any o1 sa~d bulld~~gs, any fnurett there~n Pf pert thrreof. ~nless ~n ~he form and with the ~oss payable as afo~esa~d; and ~n ~he eYe~t any sun 01 money becomes payable undrr s~ch po6ty or pot~urs said h10RTGAGEE shall have the op~~on to receive and app~y the same o~ acco~m of ~he indebted nesi sewred he~euy or to prrm~t aa~d MORTGAGORS to rece~ve and use it or any parl ihr.uo~ to~ o:n~r pur~.osrs. v.lti~o~t th or ,V.:~.~ ~3 ~~~'P~~' any equ~ty, Ilen a.~ght under or by virwe of this mor.gage; a~d ~n ~he eve~t sa:d MORTGAGORS shall for any reasoo fail to kzep the said premisrs so ~sured, or fail ~o deliver promptiy any of said pol~cies of insurance to sa~d h~ORTGAGEE, or fai! promptly to pay fu:ly any pren,~„m the~efor or in a~y respect fail ~o perfwm, d~scharge, e~ecure, effect, comp~ete, comply with and abide by th~s covenant, or any part hareof, sa~d MORTvAGEE may p~ace a,o pay fo~ such ins~rance or any part thereof w~thout waiving or affeuing any option, lien, equ~ty, or nght u~de~ o~ by virtue oi th~s hlortgage, and the !~~I ameuN of each and every such paymem shall be immed~ately due and payable snd shall bear interest from the date thereof un~il paid at the rate o1 n~~~e per cenrum per annum and to~erh~•. wnh such inrr~esr shaii be secured by the lien of thls mortgage. 4. To permit, commit o~ su4fer no waste, impairment w deter~oration of sa~d property or any parf thereof. 5. To pay all and s~ngular the costs, charges and expenses, inci~ding a reasonab!e attorne~•'s fee and costs oi abstracts of t~tle, incurred or paid at a~y ti~r.e by sa~d MORiGAG'_E, beca~sa o~ in the e.~enf of the fa;wre on tne parr of ~he aa~d MOR7GAGOR to duly, promptly and f~lly perform, d~scharge. _.~:ute, effect, canptere, comply w~th and ab;de by each and every the st~pulatrons, agree~~:ents, conditions, and cavenanrs of said prom~ssory note and this ~.~rtgage any or e~iher, and sa:d costs, charges and expenses, each and every, shatl be immed~ately due and payab:e; whether or not ther~ be notice d~ ^~and, anempt to collec~ or suit pend~ng; and the ful! amount of each and every such paymem shall bear inferest from rhe date theieof until paid at the _ ot nbie per :antum per an~,,,~.; ond au sald cos~s, cha~g.s and expe.~ses ~ncurred o~ pa~d, tog~ther w~th such interest, shall be secured by the lien of th;s mortgage. 6. That (a) in the event of any breach of th~s Mortgage or default on tha part of the MORTGAGOR, or !b) in the event any of sa;d sums of money herein referred to be not pranptly and fully pa~d w~tnin th~rty ~3JJ days next a~rer the same se~e~a:iy become due and payabte, without demand or notice, .r ic) in tha event each and every ~he st~pulat~or.s, agreements, condr;o~~s and covenann of sa d pro~n~ssory noie and th~s mortgage any or either a~e not i~iy, prompdy and fvlly perfor.ned, d scharged, executed. eifecred, comp;eted, compl~ed w~~h and ab:ded 5Y. then in eaher or any such evero the sa~d ag• 3•egate svm mem+oned in sa~d promissory notz then remaining unpafd, with intere,t accrued, and a,l moneys secured hereby, shall become due and pay- a~ r rortnwith, er tnereafte., a~ ~i~r u~:~:on uf se~~ A1^v2Tv~.GEC, as ful~~ aru~ cc^.~plerely as if a:: cf •F,r sa:d sLms of money were a+g~na~ly sr~pu~a+ed ro b? pa:d on suth day, anything in sa d pro~n~ssory note or in this Mortgage fo 1he contrary not v~~hstand~,~g; and thereupon or thereafter at the opt~on of s~ d MORTGAGEE, w~thovt nonce or demand, swt at law or in equrty, therefore or thereafter begun, may be prosecuted as if all moneys secured hereby c,d mat~red pnor to us inslitution. 7_ That in the event that at the beginning of or at any t~~ne pending any su~t upon this Mo~tgage, or to foreclose it, or to refo~m it, or to enforce ~:~~ment of any ua~~ns he~eundrr, sa~d 1~10RTGAGfE shall apply to the Courr fiaving ~ur~sd:ct~on ~hereof for the appomtment of a Receiver, such Court shail r~•chwirh appomt a rceriver of sa~d morrgaged property all and sirgu:ar, inc~d ng al~ and sing~~ar the income, prof~ts, issues and revenues from whatever -_•;•ce de:ived, each a~d every of v~h,ch, u be~ng exprzss'y ~nderstood, is hereby mo~~gaged as ~4 spec;fically set forth and described in the g~anfing and b.,t:endum c~avses hereof, and such Receive~ sha11 have aIl the b~oad and efi~ctwe funct•ons and po..ers in anyvv~se entrusted by a Cou~t to a Receiver, ar.d s.:h appointment shail be made by such Co~rt as an ad~nitted equity and a matrer of absoiute r:ght to said A50RTGAGEE, and without reference to the e.:<=auacy or inadeq~acy of the value of ehr property morrgaged er to the so.vency or ~nso,~encq of sa~d MORiGAGOR or the defendants, and rhat svch _~s, profits, income, issues a~d revenues shau be appi~ed by s~ch Receive~ accord~n9 ro the Gen or equity of sa~d MURiGAGEE and the practice of such Court. 8. fo duly, prompHy and fully prform, d~scharge, execute, effect, compiete, comply with and abide by each and every the stipulations, agreements, ..:drtions and covenanta in sa~d promisso: y note and this mortgage set forth. 9. That in the ever.t the ownership of the mortgaged prem~ses. or any part thereof, becomes vested in a person other than the MORTGAGOR, the : JRTGAGEE, its svccessors and a:s~gns, may, wirhout ncnce to tne A10RTGAOR, deal w~th such successo+ or successor in interest with ~eference to this ~gage ard the deot hereby secured in the same manncr as wrth l.torrgago+ w~thout in a~y way vit~ating or d~scha~ging the Mor~gagori liability here- d,r or upon the debt h~reby sec~red. No sa~e of the pren;;ses hereby morlgaged ard no forbearance on the part of the MORTGAGEE or its s~ccessors ass~9ns and no exte~sron ot the t~me for the payment of the debt h~~eby secured g~ven by the 1':ORTGAGEE or its sutcessors or ass~gns, a~~all operate ro re!ease, d~scharge, modify change or affect the ong~nal liab.i~ty of the M,ORTGAGOR he~ein, either in whole or in part. 10. It is spec~ficaliy agreed rhar time is of the easer.ce of th~s contract and that no waiver of any obligat~on hereunder or of the obligation se- _.:~_d hereby shali at any t1~ne thereafter be h~td to be a wa~ver of the terms hereuf or of the instrument secured herby. l l. In add.tlc:i to rhe fcregc ~~7 month'y pay+~: nts of ~rinc paI and inraresr ~eq~~red by the prom sscry no'e secured hereby, mortgagor covena~ts i agrees to pay to n:ortgagee v.ith rach momhry F.a~r. e~rt an adJ •~onal s~m ~•st ^ ated b~ mortgagee to 6e equal to 1, 12 of the annual cost of the foliow- A--AiI real p~operty taxzs levwd p~ assess_•d ag+i•~st thc a::ove desr;bed rral estate. B-Prerr.~u~r5 on fne and w~ndsre~m ~nsu~~rce as here~n req~~,red to be ca~~~ed o~ the ~m;:roveme~ts s~tuate on the above described premises. C-Premiurns on such mortgage g~aranty iesu~ar~ce as- mortgagee sha~l fro•~ r me to t~me deem fit to carry o~ the loan secured hereby. j Mortgagee shail frcm tune to t~me ner~f; mortgagor ~n wrinng of the a~~ou~t d.,e and payable hereunder and such sum shal~ thereupon be due and 36!e on the due date of th~ next n:onth ~ pay~.~ent and each successive momh ther`aft~r ur.til mortgagee shalt notify mortgagor of a change in such ! ~~nt. Such sums sFall be appiiad by mortgag~_e towa~d the pa~ment of real preperty taaes, i~surance prem:ums, and mortgage gvaranty insurence i . ~~~,u~ms. ~ y year first aforesaid. s IN \'~ITNESS 'r:FjF~Qf, the ~a:d MORTGAGOR has hereunto set his har.d and seal the da and Si9ned, Sealed and deliver~ in he preseno~ of: ~ _ _ t . ~~C Seal) , ~ - , oe McGee ~seaq c - - , ~ ~'rt ` (Seal) ~ . - Dlxl . MCG@e (Sea1) ~ ~ aTE OF fIORIDA S5. ~.~U~JTY Of St • Ll1C 1@ ~ Befwe me perwnally appeared J~ T• ~ee s~ D1X16 g. ~e@ his wife, to me well known and known to me to.b! +ha individuals described in and who executed the foregoing instrument, and acknowiedged betore me thaf they e:ecuted the same tw the purposes ~ rhe~ei~ expressed. And the ss~a_ Dixie~_MeGee r.,`e of the sa~d - T. McGee upon s separote and'pQwt~ , ~ =~sm:nat~on by me taken separate and apart from her seld husband, acknowledged to and before me that she executed said instr ~mpnf"frGely'arLd~vaM1~M ' ra :~y and w~thout any compulsion, constraint, apprehe~:`~, ~i fear of or from her said husband ~ ' r ~ WITNE55 my hand and offic;al xal this_. t- _ day or 'October i, + =_TQ vQ'C~J?~[._:. ~ _~.l , . _ • ~ : ` - ~ . ~ ' Nofary Public i anc~ ior the State o tpri~latdarg T~ ~ My Commission expires: iq' ~•~.Z 4 ~ ~ Rttum To: J' ~1, y~•, ••L ~irst Federal Savings 3 Loan Associat~on C. Of Fort Pe:ce. ' • `STA~~ ~ Fort Pi_~rce, Florida ~ P,ECOR~E~ ~ fIlEO ?~+i pUN1Y l i A. ~g St.IUCI.- ,,~,TRAS ~ ~ FtOGi.P . This Instrument Prepared By J.H. Roberts CLERK ~~~i ~C COURT First Federal Savings 8 Loan Association PfC~R y~_ ~ • ~ of Fort Piercer Florid z 16 PN ~ ~t 25 Checked By ~ ~~~rj~~ r~~,~,~;K2O~ FACEI~JO ~ ~ ~Y ~'_3~3*C . ~'~~E"s~-D . ~R . s,_. ~ :~~,`.~x. i~~~.l ~,t _ _ . ~