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HomeMy WebLinkAbout3747 3. To place and co~~l~noously keep on the bui:dh;gs now or he~eaiter a:tuare on said land and on a!; equ~p~nem and personally covered by this matg- ege, with all p~em~ums ~hereon pa~d in full, f~re insurance ~n the u~~al srond~~d po.:cy (orm, in a sum aHproved by the MOR~GaGEf, a~~d w+ndstorm ~nsurance in ~he usual a~andard pol.cy form, io a s~m appro.ad by the MORTGAGEE, in such <o~npa~~y o~ companles as ~he MORTGAGEE may d~rect; ~nd all (ire and w~ndatorm insurance po~iurs on any of sa~d bu~id~ngs, any i~~e~ee~ the~tin o~ parl thereof, in the a99regj~e sum efo~esa~d or in extess Ihereo(, ihall contai~ the usual standard morrgagte dauu or :uch o~her tlause as the Mortgagre may requ!re, makin9 ihe ioss undrr s.+~d po~i- cies, each and eveiy. payab'e to said A10R1GAGEE as m+nrerest may eppear, s~wl each and eve~y such pc:~cY ihall l•e promp~ly assg~~ed and detiver~~d to eny held by sa~d MOR~GAGEE as funhe~ set~rity to Said mott^~ge drbt, ar.d, noi less than ~en (~0) days in ad.ance of the exp~rat~on of eech pol~cy, to dr Gve~ to said MORTGAGEE a rcnewal th~reoF, toge~her wiih a rece~pt fo~ thc p~rm~vm of such -enrwal; a~id thare shail be no f~re or w~~~as~onn insurance placed o~ ~ny of said build~ngs, any interest thercin w parl thereof, uniess in the form and w;+h the loss payable as aforesaid; and in the eveM any s„m O~ T0~1Q DlCW~1@S d dU~C VnuCi iu~i1 vi~C W ~~~J .~lOTywr_cc :~.u ~.:.r .,1. ..n...._ .u-,.vn >..`I an..lv tho sanie On a[[OU~It Of I~10 uldcbt~d• Y P Y V r . neas sewred hereby w to permlt sa:d MORTGAGORS ~o rece~ve and use it a any aait thereoi tcr o:n•~r F.ur;vsrs, ..:~~~:.ut th:•~. u; .~.:r~+ ing any equ~ty, lien or rt9ht under w by virrue of this mor!gage; and in ~he evero u d 1dORTGAGORS sha!1 for any reason fail to keep the ~a~d p~rm~ses so lnsured, o~ fail to del7ver promptly any of said pol~ues of insu~a~ce to sa~d MORTGAGEE, o~ ta~: pro~,ptly fo pay fu:ty any prem~u~» therefor or in any respect fail to perfwm, d~scha~ge, raecute, effed, comp~ete, comply with and ab~de by this tovenani, w any pjrt hareof, sa~d M(~RTvAGEE may piace a~o pay for :uch insurance w any part the~eof without wa:ving or aifeaing any opt~on, lien, equ~ty, o~ ~~9hf unde. or by v~rtua ot th~s Mo~tgage, and the lul! amouM of eath and eYery suth paymeM shall be immediately due and payable and shall baar intetest irom tha date thrreo( until pa~d at the rate ol nlne per centum per annum and ~o~rther with w;h inter~st sha1~ be srcured by the tien of this mortgage. 1. To permit, tommit or suffer no waste, impairment w deterioration of said property a any part thereof• 5. To pay al) and sinpular the cosis, charges and expenses, ~ncluding a reasonable attaney's fee and costs of abst~acts of tit(e, incurred or paid at eny time by said MORTGAG:E, because or ~n the event of the failure on the part ot ~he said MU1ti(~bGl1R lo duiy, p~.>mp~fy and iu~iy Nu~torm, d~scha~ge ~,.rcute, efiect, complere, comply w~th and ab:de by each and every the stipulat~ons, agreemc~rs, cond~tions, and covenants of sa~d pro.-nissory note and th~i ,~~ortgage any o~ e~~her, and sa~d costs, cha~ges and expenses, each and every, ahaN be immediately due and payable; whe~her w nor thrre be nonce d_~ mand, attempt to collect or suit pe~d~ng; a~d the full amount of each and every such payment shall oear inreres~ from the date thereof until paid al tiie ~.,re of ~:ne per centum p.:r an:w:n; ane~ al{ sa1d costs, charges and ex;,anses incuned or paid, ~ogeiher w~th such in~erest, shall be secured by ~he lien oi th~s morigage. 6. That (a) in the event of any breach of this Matgage or default on the part of the MORTG~GQR, w;b) in the eveM any of sa;d sums of money herein refe~red to be not prompfly and lully paid within th~rty i30) days next a~ter the same severa:ty become due and paya6le, without demand or no~ice. or (c) i~ tha event each and every the stipuiarions, a9reements, cond~tions and covenants of sad prom~ssory no!e and th,s mortgage any w e~ther are oof ~~iy, promptly and fully performed, d~schargrd, ezecuted, effected, completed, coa~p~[ed with and ab~drd `ay, then in e~ther or any such event the sa~d ag 3regate sum ment~oned in sa~d promissory note then re~naining unpa~d, with infere;t accrved, end att maneys secured hereby, shall become due and pay eb:e forthw~th, or thereafter, at the opt~on of sa]d MORTGAGEE, as fully a~x! co~np:etely as if a11 of the sa~d sums of money were or~g~nally snpu;ated ro be pa~d on such dty, anything in sa:d p~om~ssixy note or in this ttertgage to the ca~itra~y notr:~~hstar.ding; and ~herevµon or thereafte~ at the opnon of sa;d MORTGAGEE, w~thout nonce or demand, suit at law or en equrty, therefore or thereatter beyun, may be prosecuted as if a!t moneys secured hereby n~d matured pnor to ns ~nsl~lution. 7. That in the event that at the beginn:ng of or at any time pend~ng any su~t upon this lVtortgage, or to foreclose it, or to reform it, or to enforce payment of any dzims hereunder, said MORTGAG~E shall apply to the Courl having iurisd.ction thereot for the appo~ntment of a Rece+ver, such Cou~l shail (c:thwith appo~nt a rece~ver of said mo~tgaged property all and singular, includ.ng all a~~d singv~ar ~he ~r.come, prcf~ts, iss~es and revenues from whasever scu~ce derived, each and every of wh;ch, it bemg expreasly ~~ders~ood, is h.ereby mongaged as i4 speufica~ly set forth and deuribed in the gran~ing and h36endum da~ses hereof, and wch Receiver shall have all the broad and effea+ve f~ncf~ons and powers in anyw~se ena~sted by a Court to a Receiver, a~~d s_ch appoinrment ahali be made by such Court as an ad~nitted equity and a matter of absoiute nghf to said MORiGAGEE, and w~theu~ reference to the ad.quacy o~ inadeqvacy of the value of the property mortgaged or to the so.vency or insolvency of said MOkiGAGOR q the defendams, and thal ~such - re~;rs, profits, income, issues and revenues shaU be appGed bt such Receiver accord,~:g to the lien w equity ol said MORiGAuEE and the practite of wch Court. B. To duly, promptly and fully perfo~m, d~scharge, execute, eifect, complete, comply wifh and abide by each and every the stipuiations, agreements, c:nditions and tovenants in sa~d promisswy note and this mortgage set forth. 9. That in the event the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a pe~wn other than the MORTGAGOR, the ."~RTGAGEE, its svccessors and assigns, may, wirhout not~ce to the MORTGAOR, deal v.~nh such successor or successor in imerest .vi~h refere~ce to th~s ~-o•fgage a~d the debt hereby secured in the same manner as with l.lor~gagor w:thovt i~ any way vit:ating or d:scha+ging ihe /Jbrtqagors' liability here- ~rder or upon the debt hereby secu~ed. No saie of the premises hereby mortgaged and no iorbeara~ce on the par~ of the /~IORiGAGEE or its successors cr ass~g~s and no exrension of the time for rhe paymem ot the deb+ he.eby sec~red given by !he MORTGAGEE o~ (ts successws or ass:gns, ahall operate ~c release, d~scharge, mod~fy change or af(ect the orig~nal liab~l~ty of the N.CiRIGAGOR here~n, e~ther in whole or in part. 10. It is speufically agreed that time is of the essence of th~s convact and that rto waiver of any ob~~gat~on hereunder or of the obligation se- cvred hereby shafl at any teme rhereafter be he:d to be a wa~ver of the terms hereof or of the insuumem secured herby. 11. In add.~ion to the fore4o nq mor.thly payments of pri:,c pal and inte~es~ requ~red by the prom ssery no!e s^cured hereb~, mortgaqor covenants a-d agrees to pay to mortgagee V.~rh each momh.y pay.:~ent an add.nonal svm esi:.,.e~ed b~ mortgagez to be equai ro 1'12 oi the annval cost of the follow- ,.3: A-All real property taaes levied or assess~_d ag:~i•~st the atove ~esc~ibc d r~al estate. B-Pren:~u:ns on fire and windsto:m ~nsurance as here~n r,~qv:red to be carr~ed on the [mprovements s:tvate on the abcve d:scribed premises. C-Premiums on such mortgage guarar,ty ir.surar,ce as mortgaaee shail frc~~~ t me to time deem Fit to tarry on the loan s~cured hereby. Mortgagee sn31i from time to t~m.e nonf~ mortgager ~n wnt~ng of the a•r:o_nt due and payabie hereundrr and s~ch sum shali thereupon be due and c.i~ab!e on the due date of the next mo~thiy paymer.t and each :uccessive month tnereaite: u~:til mwtgagee sha!: not~fy mortgagor of a change in such ! _ ount. Such sums sFail t>e appiied by mortga~ae to vard the payn:e~t of rea: property taaes, insurance p~em.ums, and mortgage 9uaranty insurance .~~ern~ums. . E IN 1'~ITNESS 'NHEREOF, the sa~d MORTGAGOR has hereunto set h~s hand and scal the day and year fi:st a!oresaid. : f • Signed, Sealed and deN~~ed in }I~e presence of_ i i ~G=~- I ' (Seaq ~ ($eal) ~ ~ ~ (Seal) ~ _ • (Seal) ~ 5 ~ HjE OF FLORIDA ~ ~ St . l,ucie ;.~U"dTY OF ~ Betore me personally appeared JOe T. ~~CGee a~ : I7i Xi p R_ i~'1CGoP_ _ his wife, to me wrll known and krpwM.,fA `?+Ae to be ~ the individu~ls described in and who executed the foregoing instrument, and acknowledged befwe me that they executed the sims ~~~i tF[e purposes Dixie B McGee ~ ihe*ein expressed. And the said_ ~ - . . i ~ ~ ::.fe of the said _?[~P T~_~~PP -`~U{~ONa,sepa+a~l+od~,f~v.dt~ •~m~nat~on by me taken separate and apart fro.n her sa~d husband, acknowledged to a~d before me that she executed-sa~'iiutr~rmeM~f{~l;~Pd ,~Qtar~- ~ ~a-,ly a~d wirhout any compu:sio~, constraint, apprehqn;,o; ~or fear of or from her said husband. Q' ~ ~ - day of ? P.-19.~~" ~ WITNE55 my hand and oflicial seal this ~b r _ ~ ~ , . i f ~J : a= . fItEO ANO RECORDED ~ _ / ~ ~ ~ 2 ~ ' St. WCtE COUMTY FUr.--~`- Nora.y Pub~~c a~d<<or the State o'ft~loi+de at 2tge ; RacEA ~~~Ta~s My Comm~ss~on exp:re~ • t`' ~ Ret~rn to: CLERK C~nCUtT COURT , J ~ ~,~••r• ~ . _ first Federal Savings 3 loan Associat~on 11fCOR0 YEktF1ED r~ "s~~~~`S' +T C ~ Uf Fo~t P,crcc. ~ ~I ~u t~~ ;r; Fort P~e.cc. FloriJa ` n 244114 ~ f - ~ `~s This Instru ~e.nt Prepared By .7ohn Lti'. Collins x~ First Federal Savfngs & Loan Association of Fort Pierce ~ F lo r i da SsS ~ Checked By ~ ~ eooK209 ~ . ~ ~ ~ _ - ~ ~ ~ ~~,~>7=~ . , . _ _ Y_._. _ .