The URL can be used to link to this page

Home My WebLink About2595 3. To place and conti~uousty keep on the bu~!d~ngs now w heres(~er ~ituate o~ said land and o~ all equipment and pc~sona~~y covered by this morlg- sgs, w~th all premivm~ thereon pa~d in full, (ire ins~rance in ihe ~tual srandard poticy form, i~ a sum approved by the MOR~G:.GEE, and wmdsw~m tnsurance in ~he uswl sranda.d po~~cy lam, in a sum approved by the MORTGAGEE, in iuch company or compan~es aa the MORIGAGEE may d~rec~; and all firo ar.d w+ndsrorm insurante policie~ on any o( faid build~ngs, any interest the~ei~ o~ put thereol, in ~he aggregate tvm ~foresa~d or i~ excess Ihereof, shaU coniain the usuat standard mortgagee clause o~ such o~her claus~ as the Mortgagce may reyu.re, making ~he to~s undrr s~~d pol6 cies, each and every, payable to said MORiGAGEE as ils interest may appear, and each and every :uch poi~cy shall be prompuy au g~~ed and det~ve~~•d ro any hetd by said MORTGAGEE as fu~ther setu~ity to said mortgage debt, and, not leu than te~ (10) days in advante of ~he expi~a~~on of each poiicy, to de- Irver to eaid MORTGAGEE-a renewal thereof, togethe~ with a rece~pt for the premium of such renewal; and there shall be no f~re or w~~~ds~c~m insulance ptaced on any of said bui~dings, eny interest the~ein or parl thereof, unless in the form and with the toss payable as aforesaid; and in the even~ any s~m of money becomes payable under such polity a poGc:es said MORTGAGEE shall have Ihe option to receive and apply ~he same on ac:o~n~ oi the ind~•bred- ness secu~ed hereby or ~o permit uid MORTGAGORS to receive and use it o? any part thereof for otnc~ purE~oses, v.~~ho-~t th-~. cr ~•~~p~~r- ing any equity, I~en a ~ight under a by virtue of this mo:•gage; ~nd in the eveN said MORTGAGORS shatl to~ any reason fail to keep the sa~d p~ern~sas so inswed, or fail ~o detiver promptly any of said polkies of insuraoce to sa~d MORTGAGEE, or fail promptly to pay fully any pre~n~um ~herefor or in a~y respect fail fo paform, discha~ge, eaecuie, eflect, complete, comply wi~h arn! abide by this covenant, w any part hereo(, sa~d MGRiGAGEE ~nay p~ac~• a~d pay fw such insuronce or any part thereof without wsiving a affecting any option, lien, equity, or r~ght under ur by vir~ue o1 thi: Mortg~gr, and ihe tull amount of each ~nd every auch payment shall be immediately due and payable and shall bear intere~t f~om the date thereo( until p~id a~ ti,e ra~e o~ nme per centua per annum and to~ether with such interest shalf be secured by the lien of th~s mortgage. I. To permit, commif a suf(er no waste, impairment w deterioration of said property w any part thereof. S. To pay all ar.d singular the costs, charges and expenses, including a reasonable attorney's tee and costs of abstracts of ti~ie, ~ncurred or p~~d a~ any ~~me by said MORTGAGfE, because a in 1he event of the failure on the part of the said MORTGAGOR 1o duly, promp~ly and fuUy perfonn, d~sch3rge. eXx~te, effea, complete, comply w~th and ab;de by each and every the atipulat~ons, agreements, cond~tions, and covenants of sa~d prom~ssory note and ~h~s rt,o+tgage any or ei~her, and sa~d costs, charges and expenses, each and every, ahall be immediately due and payable; whether or no~ the~e be not~ce da rr,and, a~tempt to collect or suit pend~ng; and the full amount of each snd every such paymen~ shall bear ;n+eres~ from ~he date thcreot until paid at s1~e r,~re o! nine per cenrum per amium; and all said costs, charges and expenses incurred w paid, together w~th such interest, shall be secured by the I~en oi th~s mortgage. b. That (a) in the event of any breach of this Mortgage or defaulf on the parf of ihe MORTGAGOR, or (b) in the evenf sny of sa d sums of money hrrein ~eferred to be not promptly a~d fully paid within thirty (30) days next afte+ the same seve~aliy become due and payabte, withaut de~~and or not~ce, or (c) in the event each and every the atiputations, agreements, cond~tions and covenants of sa.d promissory note and ~h~s mortgage any or either are no~ iuly, promptly and fully performed, d~scharged, executed, effected, tompleted, complied with and abided by, then in either or any such event the sa~d aq- gregate sum mentioned in said promissory ~ote thrn remaining unpaid, with interesl actrued, and a11 mo~eys secured hereby, shall become due and pay ao,e fo~~hwirh, o~ thereafter, a1 the option of said MORTGAGEE, as tully and complete~y as if all of the said sums of money we~e ong~nally snpu~ated to be pa~d on such day, anything in sa~d prom~sswy note or in ihis Mortgage to the cont~ary notwithstanding; and thereupon or thereafter at the opnon of sa~d MORTGAGEE, without no~ice o~ demand, suit at law w in equity, there`ore a thereaiter begun, may be prosecuted as if all moneys secured hereby n::d matuted prior to its institution. 7. That in the event that at the beginning of or at a~y time pending any suit upon this Mortgage, or to foreclou it, o? to reform it, or to enforce payment of any claims hereunder, said IUtORTGAGEE shall apply fo the Court having jurisd~ction thereof for the appointment of a Receiver, s~ch Cour~ shail forthwith appoint a receive? of said mo~tgaged property all and singular, inciud~ng all and singular ~he income, prof~ts, issues and reve~~es from whatever sevrce derived, each and every of wh~ch, i~ being expressly unders~ood, is hereby mortgaged as ~f speuficalty set fwth and described in the g~am~n~ and habendum clauses hereof, a~d such Receiver shall have all the broad and effective funcnons and powers i~ anyw~se entrusted by a Court to a Receiver, and s~ch appointme,» shall be made by such Court as sn admitted equity and a matter of absolute right to said MORTGAGEE, and wifhout reference to the adequacy w inadequacy of the value of the property mortgaged or to the so~vency or insolvency of said MORiGAGOR a the defendants, and rhat such ren~s, profits, income, issues and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and ihe praa~ce of such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the sripuietions, agreements, conditions and covenants in sa~d promisswy note and this mertgage set forth. 9. T~.af in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a pe.son other than the MORTGAGOR, the :',ORTGAGEE, its successors and assigns, may, wi~hout notice to the MORTGAOR, deat with such successor or successw in inte~est wifh reference to this mortgage and the debt hereby secured in the same manner as with Mortgaga without in any way vitiating or d~scharging the Mortgago~s' liability here- under a upon the debt hereby secured. No sale of the Fremises hereby mortgaged and no forbearance on the part of tF~e MORTGAGEE or its successo~s or assigns and no exte~sion of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its successws or auigns, a~~all operate to release, d~scharge, modify change or af(ect the original liability of the MORiGAGOR herein, either in whole or in part. 10. It is specificaliy agreed that time is of the essence of this contract and that no waiver of any obligation hereunder a of the obligatan sr cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. In add.tio~ to the forego ng month!y payments of princ'pal and ineerest required by the prom~swry no!e secured hereby, mortgagor covenants and agrees to pay to mo~tgagee v~rth each monthly payrnent an add~~ional sum est;mared by mortgagee to be equaf to 1;' 12 of the annual cost of the follow- ~ng: A-All reaf property taxzs levie~' or assessed agafnst the above described real estate. B-Pren:~u~ns on fire and windstorm insurar.ce as herein requ;red to be carried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage gvaranty insurar.ce as mortgagee shall frcm t~me to time deem fit to carry on the toan secured hereby. Mortgagee shall from time to time notify mo~tgagor in writing of the amount due and payable hereunder and such sum shall thcreupon be due and I ;.a;able on the due date of the neat monthty payment and each sutcess~ve month thereafter urtil martgagee shall notify mortgagor of a change in wch .ount_ Such sums sF.a(I be applied by mortgagee toward the payment of real property taaes, insurance prem:ums, and mwtgage guaranty insurance ~ {~-emiums. ~ IN 1"IITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year fi~st aforesaid. ~ Signed, Sea~ed and delivered in the presence of: t[ ` ~f~G~~~~~~ eal) I ~ LzC • Mitchell McCarty, a si e~~aq s ~ % adult (~a~) € ; ~ (Seap a 3 STATE Of FLORIDA ~ ~ St. Lucie ~ couNnr oF z ~ ~ Before me personally aP~a?~d Mitchell McCarty, a sinQle adult ~ ~ , to me well known and known to me to be ~ the individual~ desuibed in and who executed the fo?egang instrument, and acknowledged before me that ~he~ executed the same tor the purposes ~ therein expressed. ~ „ ~ ' ~~~i~~~~ s . ~ WITNE55 my hand and official seal this f day of Februar .~A ~ r, t " ~ %--f' f-E`~ 1Ct~ _ - 't' - ~ otary Public +n and for the Siate o da arge % i'. •L = ;d ' ~ My Commission eapires: ~ • ' - /V / . ~ I ~ ~ l Ret9rn To: NOTARY PUQl1~S{p ~ ~ • , First Federal Savin s 3 loan Association T~ f~Rl~at LA(!GE Of Forl P~erce. MY CO"'.115~l~ ' c~ _ ~~=~C'7~: ~,?•,t ~!i:5 Fon Pierce. Florida e.~.-ard ,~a G:~ :y . ~JC ' ~ / ` yrI . ~ This Instrument Prepared By Richard K. Kayes F LEO t.~r~ ~s=~~RaED First Federal Savings 8 Loan Association t~. LUC~E COi3MTY fLA. ~ of Fort Pierce Florida ROGEF ~;,:;RAS ~ c~f~~ c.= L~~,~ couat m~~' 24?~544 ` aFCOA~ v~~-:~-f-t~__ < < ~ti~ Checked By~ ~ ~ fEe ~ 8 45 aH 7 3 ~ 4U~~~ 210 ~a~E 2592 Sb ~ . - - - _ ~ . , : ~ ~ ~ f . . . ~ ~ s . ~ _ _ ~ _ , r- r..,-~