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Home My WebLink About0958 3. To ptac~ •nd conr~nuously keep on ~he bui:d~ngs now w he~eatta ~itu~~~ on ~eid land ~nd o~ ali cquipme~~ +nd pe~sona~ly covered by ~hii matp~ •g~, wi~h sll premiumf Ihereon pa~d in fult, lire i~sur~n~e in tM usual ~t~~derd po?ity lorm, in • sum approved by tlw MORIGAGEf, a~d windstwm ~n~ur~nc~ in rhe utual ~tandard pof~cy (am. in a sum app~oYCd by the JNORTGAGEE, in i~?ch compu?y or comp+o~es as tM MORTGAGEE may di~adp ~nd •11 tir~ and w~nds~orm insura~c~ policies on any ol si~d build~n~t, any in~~r~~t th~r~in w p~n thereof, ~o ~M a~•~y,r• .wn •r«~sa~d « In ~xteu lhereof, shall cuntain the ~iual sundard mortqa9es claus~ or ~uch otha~ d~use ~f tM Ma~~aqt~ may requ'u~, makiny tM lost v~de~ z~~d po~F ciss, e~ch and avery, payable ~o said A10RTGAGEE a~ its iMC~e~~ may ~ppear, a~d each and tvay tuch policy shall ba promp~ly a~i.gnad ~nd delivered to +ny held by uid MORTGAGEE as tur~her iecuri~y to sald matyage debt. ~nd, ~ot les~ 1ha~ ten (10) daya in ~dvanct of ths exp7ratio~ oi each pol+ty, to d~- liwr to said MORTGAGEE a rcnewal thereof, toyerl+~r wirh a race~pt fa the p?~mium of iuch renewal; +nd there ~hsll be ~+o fira o~ windstorm insvr~nc~ ' placed on any of iaid buildings, any intarott the~ein or parl the~eof, vnless i~ the iwm aod with tM loss payable a~ sfaesaid; and i~ tM eveN any sum ~ of money become~ payable under such policy w polkiss uid NtORTGAGEE shall have the option to ?eceivs and appty tAe same on accouN o~ the indebted ness setured hereby w to permit said MORTGAGORS fo reteive and use it o~ any part ~here~of tor othcr purposrs, v.~tinut th>..b/ wai~ing or ~mpair- ing any equ~ty, I~en a right unde~ w by virtue of this mortgage; ~~d in 1he svent ia~d 1NORTGAGORS shali fw any rea:on fai! to keep ~he ~aid premisrs ~o insured, or fail ro de~iver promptty ~ny of taid policies o1 insurance to said MORTGAGEE, w fail promptly to pay fully any pre~niu~n therefw w in any respect fail ~o paform, dixcharge, ~:ecute, effed, completa, comply wi~h snd abide by this covenant, u+ny part hereof, said MORTGAGEE aay place end . pay fo? such insurante w any part thereof wi~houl waiviag or affecfing any option, lien, eq~ity, or right under w by virtue of this Mwtgage. ~nd the ' tu1! imount of eath and eve~y such payment sha11 be immedia~ely due and payable ~nd thall bear interest from the date thereof until paid at the rate ol nine per centum per annum and together with such inte~eat shall be secured by the iien of this mwtyage. 1. To pe~mit, commit or.sutter no waste, impairment w deterioratiw~ of said property a any part thereof. ~ S. To pay all a~d singula~ tF~e cosis, cMrges and expenses, including a?easonable attwney i(ee and costs of abstrads of title, incurred or paid at any time by uid MORTGAGfE, kxcause w in the event of the (ailure o~ the pan of the ssid MORiGAGOR to duly, promptly artd futly perfwm, d~xharge, execute, effect, complete, canply w~~h and ab:de by each and every the stipulat~ons, egreements, condit'eons, and covenants oi said promissory note and this mortgage any or eirher, and said costs, cha~ges and expenses, each and every, shatl be immediately due and payable; whether w nol there be notice d~ mand, attempt to collecl w suit pending; and the fvll amouM of each and every such paymeM sha(t bear interest from the date thereo! until paid at the ~atz of nine per centum Fxr annum; and all said costs, charges and expenses incurred or paid, together w~th such interest, shall be secured by the lien of ihii mo?tgage. . ~ 6. That (a) in the event of any breach of this Mortgage w defaull on the part of the MORTGAGOR, w(b) in the event any of sacd sums of rnoney hereln referred to be not promptly and futly paid within thirfy (301 days next after the same severalty bec:xne due and payable, withoul demand w ~otite, 4 or (c) in the event each and every the stipulations, agreemen~s, condiTio~s and covenants of sa:d p~omissory note and th~s mortgage any or either are not ~uly, promptly and fully performed, d;uharged, executed, effected, compteted, compl:ed with and abided Sy, then in either w any such evero the said ag gregate sum mentioned in said p~omiuoty note the~ remaining unpaid, with inreresl accrued, and all moneya secured hereby, shall become due and pay- able forthwith, or thereafter, at the option o( said MORTGAGEE, as fully and tomplet~ty as if all of the said w+ns of money were orig7na!!y slipuJsted to be paid on such day, anything in sa~d prom~sswy note or in ~h)s 1Norlgage to the contrary notwi~hstanding; and thereupon w thereaftea a~ the option of sa~d MORTGAGEE, w~rhout norice or demand, suit at law w in equity, therefo?e o? thereafter begun, may be prosecuted as if all moneyi secvred hereby had matuted pnor to ~IS institu!ion_ 7. That in the event that at the beginning of or at any ti~ie pending any suit upon this Nbrtgage, or to fweclose it, or to reform i~, or fo enforce payrnero of any claims hereunder, said h10RTGAGEE shall apply to the Court having jw]sdicGon thereof for the appo~ntment of a Receiver, such Covrt sha(t forthwith appoint a recei~er of said mortgaged prope~ty all and singulsr, includ~ng a{t and sing~tar the income, prolits, issues and revenues from whatever source derived, each artd every of wh~zh, it being ezpress~y understood, is he~eby mongaged as ii. spec~fitally set fdth and desuibed in the granting and habendum ctavses hereof, and such Receiver shall Mve all the b~oad and effective funct~ons and powers in anyw~se entrusted by a Courf fo a Reteiver, and s~ch appointment shall be made by such Court as an admitted equify and a matter of absolute right to said MORTGAGEE, and without reference to the edequacy or inadeqvacy oi the value of the property mortgaged or to fhe soivency o? insolvency of said MORiGAGOR a the deferdanri, and that such rents, protits, income, issues and revenues sha~l be applied by such Receiver accord~ng ro the lien or equiry of said MORTGAGEE ano the practice of such CouA. 8_ To dufy, proinptly and f~lly perform, d~scharge, execute, effec?, complete, comply w~th and abide by each and every tix stipulations, ayreemenri, conditions and covenants in said promiuory note and this mortgage set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, betomes vested in a person other thsn the MORTGAGOR, the MpRiGAGfE, ifs successws and assigns, may, wi~hout notice to the MORTGAOR, deal with such successw o~ successor in interest with re(ere~ce fo this mortgage and the de61 hereby secured in the same manner as with Mortgagor w~thout in any way vitiating w discharging the Mortgago~s' liability here- ~nder or ~pon the debt hereby secured. No.sate of the premises hereby mortgaged and no iorbearance on the part of the MORTGAGEE or its successors or assigns and no extertsion of the time fw the payme~t of the debt hereby secured given by the MORTGAGEE or its successws or auigns, ahall operate to release, d~scharge, modify change or affect the original liabif~ty of lhe 14lORTGAGOR he~e'+n, either in whole or i~ part. 10. It is specificatly agreed thar time is of the essence of fhis convact and that no waiver of any ob~igat~on hereunder w of the obligation se- cured hereby shali at any time thereafter be he:d 1o be a waiver of the terms hereof or of the instrument secured herby. 11. In add:t~oa to the Fwego:ng monthfy payments of prinfpal and interest requ~red by the p~om~ssory note secured hereby, mortgagor covenants ar.d ag~ees ro pay to mortgagee with each monthly pay~+~ent an add~rional sum est+n~ated by morigagee to be equal to 1 jl2 of the annual cost of the follow- i rt A-All real property taxes levied or assessed a9ainst the above described ieal estate. B--Pram~ums on fise and windstorm ~nwrar.ce as he~e~o rcqu~red to be carrird on the improveme~ts situate on the above dascr'rbed premises. C-Premlums on such mortgage guaranty insurar,ce as mortgagee shall from tFme to time deem fit to wrry on the loao secured hereby. Mortgagee shall fiom aime to time norify moityagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and Fayable on the due date of the next month;y paymeM and each suctessive momh thereafter ur.til mortgagee shall notify mortgagor of a tFange in such a•nount. Such sums sFail be app!ied by mortgagee toward the payment of real propeny taxes, insurance prem;ums, and morigage guaranty insurance F?remiums. i'~-~l~J WITNE55 WHERiOf, the sa~d MORTGAGOR has hereunto set his hand and seal the and year firsf aforesaid. ~ ~g , Sealed and delive in he presence of: ~ r ~ 4~ John 11~rner McDe d n• ~ l ~ Bar za Frances Deza~. ~~~n i SSATE OF fLORfDA ' Lt1C ie ~ couNrir oF St. j i Before me personally appeared John 1Urner MeDerud a~ ~ BdZ~Za Fra~sces McDezsid . r,;: wife, to me well knoyrii~3r~d'la+own fo me to be t ~ the ind;viduals descrfbed in and who executed the foregoing instrument, and acknowledged before me that they executed tEwt ssr~ie f~t_ tFy purpoaes s ~herein e:pressed. And the said Ba?rbaza F`ranees MeDeraid i w~fe of the said John 2uraer McDersid n.~~ i y~iate-end private examination by me take~ separate and apart from her said husband, atknowledged to and before me that she exetuTCti'ssid indtrumer?1 ,~realy_ e[td:rOlu~r rar;~y and w~thout any compu!sian, constraint, apprehens~ or fear of or from her usbsnd. ' f~~~(~ : ~ ,~t : < . 73 f WITNESS my hand and official seal this day of ~ ~ ./,i D: ~9 ~ ~ ' - ~ 3 ~ Notary Public in and for the Stat~ ef w.C~~arge ~ My Commisseon expires: ~ ~ Refurn io: ~ ' J First Federsl Sav~~gs a loan Associat~on ~OTARY PUBUC, STA7E a'Fl.~R1~~ ~ u~ i Of fort Pler~e. - ~~~1~jpp '~f ~IISU1i11Cd Fort F:erce, Hor~da i F1~EO ~Mo aECa~~t~ ~ E :T. WCIE COUNTT L ~ ~ This (nstrument Prepared By John W. Co2lins pOCEF c~01TRA~ First Federa! Savings & Loan Association CIEaK CtRCU1T COU~t1 of Fort Pierce ~ Ri.CORD VERIF~EOr......~.+ Rlorida Checked By `5~_._. ~ Z~ lo ii js ~~556 aa~~ 212 ~~f 95~ - - _