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Home My WebLink About3485 3. To place and ca~<i~uo~s~y l~ep on the Lu~:~lmgs now or hereaite~ ~~~vate on sald lan~ and on alt eq.,~~.~ncni and personaNy covered by this mo~rg- a9e, w:th alt pren:~ums tF.areon pa.d in i~ll, l~re i~swanca ~n ~he vsu,~l stjndrrd poNty form, in a s~m eppruved by the MOR~G:.GEE, a:~d w~nds~o~m insurance in ihe us~al.~rand.ird pol.ty form, in a sum approved by the MQRTGAGEE, in fuch cornpany or tompanies ds the M.l7RTGAGFE may diracl; a~d a11 (ird and w:ncis~orm insuranca pot~cies on any of said buitd~ngs, any interesr therain or part the~eof, in the agg~eqatz s~m aforesa~d or in excess ~h~~eof, shall ;on~ain tAe usual standard morrgagee cfause or such oiher clausr as ?he Alorigagre may ~equ,re, making ti,e ioss w~Jar s+~d poti- des, each and every, payab!e ro sa~d htJRTGAGEE as ~ts ~mrrest may appear, a~~d eacF~ and e~e~y svch po~~c~ shatt be pro~npry ass g~~rd a~,d de~~Ve,.•d ro eny he(d by sa~d h10RlGAGEE as fu~rhrr security to said morigage drbt, and, not less ~han ~en (10) days in adrance of the exp~rahon of each pobct, to dr liver ~o sald h10RTGAuEE a renewaV thr~eof, toge~her with a rece~pt for the premium oi such renewal; and ~here shau be no f.re o~ w~~~ds+o~m ins~rance placed on any of sald buiid~ngs, any inYeres~ therein or pert thereoi, unless in th~ form and w~th ~he loss payable as aforesaid; and in the event any sum of money becom2s payobte ~nder stich poticy or poGc~ea sa~d h10RTGAGEE shali have the opnon to rec.:ive and apply the san,e on ac.ou~v o( the indrhta~- neaa sewrzd her~by o~ eo perm~t sa~d MORTGAGORS to receive and ~se it w any part the;eof fo~ oci., r Hw; osrs. .:~rt~~„r ~h,-. ~3 ~,:.p..,~- +ng any equ:t~, I;en or r~ght ur.dcr or by virt~e of this mor`gage; and in the event se d h10RT(~AGORS shall for any reason iait to keep ~t,e said premis_s so insured, Or fail to delive~ promptly any of said policies o1 insurante fo sa~d MORTGAGEE, or f~d prompt~y to pay fully any prrui~~m therefut or in any respect iai( to partorm, d~scharge, execute, effecf, comptere, comply wi~h and ab~de by this covenant, w any part hcreof, s~~d l.SGRTGAGEE a~ay v~acc a~~d pay fo~ such insurance or any part inereof w~ihoul waiving or afieUing any optio~, lien, equity, or nghi ~nder or b~ v~rtue of ~h~s Mor~gage, and thc full an~o~nt of each and e~ery such payment shall be ~mmed~ately due and payable and shail brar intar~~st From rhe date thcreof u~vil p~~d at the rote of n~ne prr tantum per annum and togethar v~it6 such mterest shall be sccurrd by the lien Of this matgage. 4. To permit, co~nn,it or suffer no waste, i~npairment or deterioration of said property or any part thereo4. 5. To pay all a~d s~ngular the costs, charges and expenses, induding a reasonable attorney's fee ar.d costs of abstracts of t~tie, incurred or pa~d at any ti~r.e by sa~d MORTGAG.E, because o~ in rh2 eyent of the faiiure on the part of the said NIOR7GAGOR ro duty, p~or~,prly a~d fuliy perlorm, d~scha~ge. execute, ef(ect, complete, comply wnh and ab.de by each and every the uipul~nons, agreements, tonditions, and coveoants of sa~d pro+n~ssory note artid ~his •~:or~gage any or euher, and sa:d costs, charges and expenses, each and every, shall be immediately due and payab!e; whe~her w not there be nonce de mand, attempt to totlect or auit pending; artd the tull a~nount of lach and every such payment shali bea~ interest from the date ~hereof until paid at ti~e '.,re oi .~~•~e per c~nr„•n p~.r annu:»; end all sa~d costs, charges and expenses ~ncurred w paid, ~ogether w~~h tuch ~nterest, shall be sec~red by the I~en of th~~ mortgage. b. That (a) in thr event of any breach of this Mangage o? defaul~ on 1hr part of the MORTGAGOR, or (b) in 1he event any of sa:d sums of money herein referrcd to be not prompt!y and fuily paid w~thin thury l30) days next after the aame se~e~alty 5ecome due and payable, withou~ demand or nonce, er (Q in the event each and every the st~p~:ations, agreements, condrtions and covenants ef sa:d prom~ssory norr and th,s mortgage any or e~ther are not ~~~Iy, promptty and tvity performed, dscharg•.d, exrcutrd, effected, completed, compl~ed with and a6ided 5y, then ~n e:ther w any such event the sa~d ag~ yrega!e surn menncned in said prqmisso~y ncte then remaining unpa~d, with interest accrued, and a~t moneys secured hereby, shatl bctome due and pay- a;,:e forth`nrirh, or rherrefrer, at the opnon ol sa;d MORTGAGEE, as fully and completely as if atl of the said sums of money were ongi~a~ly at~p~;ated ro be pa:d on such d::y, anyfh~ng in sa.d prom~ssory note or in this Mortgage to the con~rary nohv~rhstand~ng; and thereupon or thereafler at the ovt~on of sa:d MORTGAGEE, waho~t nonce or de~:and, s~it at taw w in eq~~ty, there(ore or fhereatrer begun, may 6e prosecuted as ii aU moneys securad hereby n; d rt~atured pr~or to ~ts instit~tion. 7. That in the event that at the beginn~ng of or at any time pend~ng any svit upon th~s Mortgage, or to foreclose it, or to reform it, or to enforce ,ayment of any cla~ms hereunder, said 1:tORTGAGEE sha:l apply to the Cour~ having ~urisd~ct~on thereof for the appo~nrment of a Receiver, such Cowt shail f.,rthw~th appo~r.t a receiver of sj~d mertgagrd p~ope.rty alf and singular, inc;ud:ng al! and si~~gu~ar ihe income, profits, issues and rev<nves fran whateve~ s: *ce derived, each and every of N,h:ch, it be~ng eapress!y unde~stood, is hereby mortqaged as if spec.ficafly set fonh and descr{bed in the granting and haoendum cta~:es hereof, and wch Receiver sball hrve all fhe b~oad and eftective funct.ons and powers in anyw~se emrusted by a Co~rl to a Receiver, and s, =h appointment shall bc made by wch Court as an admitrrd equity and a matter of absolut~ nghl to said MQRTGAGEE, and without reference to the a.!_~quocy or inadrquac/ of tne value Of the pro~erty mortgaged or to the soiventy cr msotvency of sa~d NtORTGAGOR or the clefendanTS, and th3t such ~•_~~n, profrts, intomr, issues and revenues shall be applied by svth Receiver accotdmg to the lien or equit~ oi said MORTGAGEE and the pract~ce of wch Court, 8. To d~ly, prom~rly and (vlly perform, discharge, execute, effect, comptete, compty with and abide by each and every the stipulations, a~reements, cor.di)ion3 and covenan~s ~n saK! promissory not~ and this mortgage sel forth. 9. ihat in the event the ownarship of the mortgaged p~em~ses, or any part thereof, becomes vested in a peryon other than the MORTGAGOR, the .'.JRTGAGEE, ita successors and ass~grs, may, without notice to the MOR7GAOR, deal w~th such suttessor or successor ir. interest with ~eiere~~ce tu t6is ^ orrgage a:~d the debt F,ereby se:u~ed i~ the same manner as with 1Llortgagor w~tfiout in any way vitiating or dacharg~ng the Mortgagors' IiabiGty here- ~rder or upon the debt hrreby sctured. No sale of the Frem~ses hereby mortgaged and no (orb¢arance on the parl of the 1110RTGAGEE or its successws cr ass~gns and no eater:s~on of ihe rem,e tor the payment of the debt he.eby secured given try she A10R7GAGEf o~ its successws or ass;gns, a~iaU operate ro re~ease, d~scharge, mo~~ty ~hange or affect the ong~nal liaoil~ty of the MORTGAGOR herein, either in whole or in part. .10. I? is spec~fically agreed that timE is of the essence of this contract and that no waiver of any obltgafion hereunder or of the obligation se- c~red hereby shalt at any time rhrreafier be he!d to be a wa~vrr of the terms hereof w oi the instrument secured herby. I 1, in atid.rc~ to thH fortgc ng e1;on!hPy paym_nrs of pri~c pal and interest requered by the prom;ssory no!e secured hereb~, mortgjgor covenants d agrees to pay to ~no•;gagee wth cach momh y pay~nent an add~r~onal sum est~mated by mortgagee to be equal to 1, 12 of t:~e annual cost of the follow- ~:i 3: A-All real prope~ry taxes (e•ne~ or di5?SSCCI agae,st the above desc~~bed reat esrafe. B P:e~r.,u•ns on f~r,~ a;:d w;r.dsro~m ~r,s~r3cce as here;n requ;red to be carr~ed cn the :mprovements s~tuate on th_ above d~scrib~d premises. C-Pre~.+~ums on s;.~ch mortg_:ge gua~anty ~r.sura.~ce as mortgagee shail frerr: t'me to t~me deem fit to carry on the toan sec~red hereby. Mortgagee shail from f~me to time nntify mortgager in writ~ng of the amount due and payable hereunder and such sum sha? thereupon be due and .~,abte on the due dare of rhe next monrhty payment and each successive :nonth tnereatrer ur.til mortgagee shall notify mortgagor of a change in such :-~vnt. Such wms sFa;l be apF.:icd by mortga~ze toward the paymen! of rea! prcperty taxes, insurance prem:ums, a~~d mortgage guaranty inwrance n~emiums. iY l'~ITNESS ::'H~REOF, the sa'rd MORTGAGOR has hereunto set h;s har.d and seal the day and year ~irst aforesaid. ^ Sign , Seal d iiv ' the presence of: _y~/ a ' Tomw ? q ytc na 1 d _c~a~~ - - ~ -f-~- ' (Seaq - - M oit 1 _(Seat) i St.aTE OF FLORIDA ~ St. Lucie ~ ~J~NiY OF ~ ! Betore me personally appeared TOIDJi! V~ 8 y Mc ~ona 1 d and i~tarparet Meaonald his wife, to me well known and known to me to be the ind~viduais described in and who exewted the fwegoi~y~ ~nstrument, and atknowledged befwe me that they executed the same for tF~e purposea rherein expressed. Md the sa~d_____ ~r9aret McDonald . . . w~fe of the said TOID2t1y Rdy McDonald up'oq a sepa~ q and pirvata e.am;~anon by me taken sepa•ate and apart from her said husband, acknowledged to and before me that she executed sai~ intpUtrle~pt`jfeely'~td,volup- rar~ly and w:thout any compu!sion, constraint, apprehe s~ ,}pr fear of w from he~ said husband. i r: December WI7NES5 my hand and offic;al seal this_- day o - ~~-A. D. 4~ ~72 - ~ ~ Notary Pub~ic in and for State .of ~~~diar y~ - , ~v My Comm~u'ron eapires: i ` _ ! Return To: ~ ~ . ` f first federal Savi~ gs 6 loan As s o ciat~ o n ~ • . , Of Fori Y-~-rca. ~•i., 51~~'C. j Fort Pierce. Flcr~da 1 . • ; F~~EO a~,o Rfcott~ ST. IUCIE ~OWI1Y - ROCER ROITR~S ( CIERK C~e:CU1T COURT ~ This fnstrument Prepared By H. RoUerts~ Jr. RECORDVERlf1Ep First Federal Savings & Loan Association of Fort Pierce r F~orida t1t„ ~A Q~Q ~Y Y~1. ~,y tir E~la ~ Checked By ~ _ 24393~ ~a~M 209 ~ac~ 48~ x r_ . _ _ . _