The URL can be used to link to this page

Home My WebLink About0772 J. To pl~t~ ind coMinvoufly kcep on the bui'd~ngs now w hereaite? fil~att on said land and o~ ~Ii cquipmenl and ptrtionally tovered by Ihi~ monq- p~, wi~h ~II premivmi ~hercon pa~d in iutl, fi~e in~uranc~ in ~he uswl ~?andard poticy fo~m, ie • ium ~pproved by ths NtOR?GAGEE, and w~ndi~o~m ~~wranc~ in tM usual iundard poLcy fam, in • ~um approved by th~ MORTGAGEE, in ~uch company o~ companiat as /M MORTGAGEE ~+~y direc~; and all 1i~~ ~nd w~ndstorm in~urancs policies on any ol faid buiid~npt, any tnlaei~ therein w part thereol, in the a~rey+~a sum ~(a~ta~d w in ~acais ~hereof, shall contain th~ uswl s~andard ma~ga9a~ clause a wch otha cfaus~ a fM Matpagee may requ~+~, makinp ~he ~oss unda u~d polf c~s, sach ~nd every, payabl• ~o ia~d MORTGAGEE as us in~eres~ may appsar, and each and ~ve.y such pol~cy sh~ll ~ p~pnpily asa 9~ed and de~~v~red ~o +ny held by s~id MORIGAGEE as iunher secvrity to wid mor~gage debt. ~nd, no~ less 1Mn ten (101 days in sdvance oi tM expirst7on o! each pol~ty, to de~ IirrN to aid AAORTGAGEE a ~e~ewal the~eof, toperl~ wi?b • rece~pt fa ~hs pr~mivm of ~uch ~enewal; and ~Aere shall bs no I~re or windt~oim insura~ce pl~ced.on ~ny of iaid b~ildings, any interetl thersin or part thereof, unless in ~he lorm and with 1Fa lou payabte aa sioresaid; and in Ihe eve~t any sum of money becemq payable unda such policy or poiiciea uid MORTGAGEE :hall havs the opt~on to reteive and apply ~he ianx on.accouM of ~he indebted- nsu iecu~ed hereby w to permit said MORTGAGORS to receive and uss i~ o~ any parl ~hereof for orher pu.poses, v.~~hout ~h~r~b~ wa~~~~~g ~+~~p.+~~- iny any eq~~ty, lien w right u~da or by virtus of this mo::~age; •nd in the event ia~d MORTGAGORS iAaH iw any reason fai) to kaep the said premisrs so insured, o~ fail to delivei prompNy any of said pol;cies o( iniurance ~o ia~d MORiGAGEE, a fail promp~ly to pay futly a~y p~e~n~um thereior or in a~~ re~pett fail ~o pe~(wm, d~scharge, execute, effetl, complete, comply with and ab~de by this cove~ant, a ~ny par~ hcreof, said MORTGAGfE may place a~~d pay fw such insurancs o? any part thereof without waiving or affecting any option, IFen, equity, or tighf unde~ w by virtue of Ihis Matgage, and the full amount of each a~d eve~y such payment thatl be immediately due and payable +nd shall bear inte~es~ irom the dats thereoi un~il paid at the rate ot nine per tentvm pe~ annum and fogether with such interest shafl be secured by the lien oi thii mortgage. 1. To permit, commit w auf(er no waste, impairment w deterio~ation of aaid property a any pa~! thereof. S. To psy atl and singuler the cosfs, tharges and expensea, iruluding a reasonable attorney's fee and usts of abstrads of title, incurved w paid s~ any time by said MORTGAGfE, becauu or in tha eve~t of the failure an the part of the said MORTGAGOR to duly, promptly and fully perform, d~xharge. execute, effec?, complete, comply w~th and ab~de by each and every the stipulanons, agreements, condition~, and mvenanti oi ssld promissory nole and fhii mort9age any or either, and u~d costs, charges and expenxs, each a~d every, ihall be immediately dve and payable; whether a no~ ~he~e be no~~ce de mand, attempl fo colkct or suit pe~d~ng; end the full amount of ~ach and every such payment shall bea~ in~ereu from the date thereof unril paid at 1he rare of ~ine per centum per annum; arw a!! said casts, cbarges ind expenses incurred or paid, together w~th such interest, shall be setured by the lien of Ihit mortgage. 6. Thst (e) in tF?e evsMt of any breach of this Mortgage a default on the part of the MORTGAGpR, w(b) in the event any of said s~ms of money herein referred to be not promprly and fully psid within th;~ty (30) days next afrer the same severatly become due and payable, without demand o? no~ice, or (c) in the event each and eve~y the stipulations, agreements, conditions and covc~anU of u:d promissory note and tks mortgage any or eiihtr are not ~uly, promptty and fuliy performed, d~xharged, ezec~ted, effected, compteted, comptied with and abided by, then in e;fhe? w any such event the sa~d ag gregate sum mentioned in said promisswy note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due a~d pay- able forthwith, or thereafter, at the optior~ of said MORTGAGEE, as fully and completely as if all of the said sums of money were originelly stipulated ro be pa~d on such day, anything in sa;d p~omisswy note or in this Matgage ~o the contrary notwithstsnding; and thereupon a thereafter at the ope~on of said MORTGAGEE, wi~hout notice w demand, suit at law w in equity, there(ore w_thereaiter begun, may be proxcuted ss if all moneyt tecured hereby h~d matured pnor to its institution. 7. That in the evens that ar the beginn~ng o{ w at any time pending any suJt upon this Mortgsge, w to foreclose it, or to reform it, or to enforce payment of any cl~ims hereunder, said MORTGAGEE shall apply to the Court having jurisd;ction thereof for the appointment of s Reteiver, such Cour1 sha!1 forthwith appoint a receiver of said mortgaged property a!I and singutar, includ~~g aIl and aingular the income, proiits, issues and ?evenues lrom wharever source derived, each and every of which, it bei~g expressly unders~ood, is hereby mortgaged as if speci(ically xt fath and described i~ the g.anring and habendum clauses hereof, and s~ch Receiver shall Fwve all the broad and effective funct~ons ar+d powers in anyw~se entrusted by a Cou.t to a Receiver, and :uch appoinrment shall be made by such Court at an admilted equity and a mafter of absolute right to said MORTGAGEE, and 'without reference to the adequacy w inadequacy of ihe value of the prope~ty morlgagcd or to the soivency or insolverxy of said MORTGAGOR a the defendants, and that such renu, profits, income, iswes and revenues shal( be applied by such Receiver accord~ng ro the lien or equity of sa~d MORTGAGEE and the practice of such CouA. 8. To duly, promptly and fully perform, diuharge, execute, effect, wmptete, comply with and ab~de by each and every the stipulations, agreements, conditions and covenants ~n sa~d promisswy note and this mortgage set fwth. . 9_ That in the event the ownership of fF+e mortgaged premises, or any parf thereof, becomes vested in a perspn ofhe? flwn ihe MORTGAGOR, the ~ MORTGAGEE, its successors and ass~gns, may, w~thout no~ice to the MORTGAOR, deal with such successor or successor in interest with reierence to this mortgage and the debf hereby secured in the same mann¢r as with Mortgagor without in any way vitiati~g or d~xharging 1he Mortgagors' liabifity hero- ~nder or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE o~ its successors or ass;gns and no extension of the time fw the payment of the debt hereby secured given by the MORiGAGEE or its successors or auigns, ahall operate to release, d~scharge, modify change or affect the originat liab~t~ty of the MORTGAGOR herein, either in whole or in parf. 10. It is spec~F~catly agreed that time i: of the esse»ce of this confract and tF~at no waiver of any obligat~on herevnder a of the oblgation 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~tion to the forego:ng rrw~thly payments of princ'pal and inte~est required by the prom~ssory nore secured hereby, mortgagor covenants and ag.ees to pay to mortgagee with each monrhfy payment an add~rional sum esr~mared by martgagee to be equal to 1/12 of the a~nual cost of the fol~ow- ing: . A-All real property taxrs levied or assessed against the above described ~eal estate. B-Prem~ums on fire and windstorm insurance as herein requ:~ed to be carried on the improvements situate on the above described premises. C-Premiums on such mortgage guaranty rnsv~ar~ce as mo•tgagee shall from time to fime deem fit to carry on the ban secured hereby_ Alortgagee shail fror.~ time to time notify mortgagor in writ~ng of the amount due and payabfe hereunder and such sum shall thereupon be due and Fayable on the due ciate of ~he next monthly payment ar.d each successive month thereait~r ~rtil mortqagee shall notify mortgagor of a change in such amount. $uch sums shaii be applied by mortgagee toward rhe paymenf of rea) praperty taxes, insurance prem:ums, a~xl mo~tgage guaranty insurance premiums. N WITNESS ~IYHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforeuid. igned, Sealed tiver i-.the p~xnce of: ' . l / o+,- . • ~J G an ~ R~- ~ ~~1 oe T. McGee ` ~si~ Sesq ! Di e B. MCG~ ~Seaq i ~ SiATE OF FtORIDA ~ i ~ ~ COUNTY OF St. [~~~~i e ~ i I Befwe me personally appeared -~Oe T• MeGee ~ f ~ Dixie B. ~'~C~@ his wife, ro me well known and known to me to be ~ the iodividuals described in and who executed the foregang iastrument, and acknowledged before me that they executed the same for the purposes ~ therein expressed. A~d the said ~i]Cle B. ~C~e ~ wife of the wid JOQ T•~{C~e upon a xparate and private examination by me take~ separate and apart from her said husband, scknowiedged ~o and befwe me that she executed said instiumenf freely and vol~n- ! rarily and without sny compulsion, constraint, apprehension, w fear of or from said husband. ~ WITNESS my hand and offic~al seal thii lgtb day of _ A D. 19~j_ ' ~ F - L~~/ ~ ery Public in and for f tate of F at' I y Commiuion expires: ' Retum To: : ~Ay 4 Fint Federal Savin9s 3 loan Association z~251A NO'TARI~ PUBLI~• STqTF..~ RIO~.tARGf ~ Of Forf P~erce. S i !MY COi1~11SSi~~i EX4~tES EC~29, ~975 ~ Fort Pferce, Flor7da f ~~p ~~r RECORUED ~~-~~a ~rt~~+!!? Jw~~~fr:~..rs: E. WCIE COUNTr FIA. z: ~ QOCfR rO~TAAS ~ E - • . . . ; . CLERK Li;«,Ult COURT ! }r•' ~ This Instrument Pre ared B PFr,ORO YERlf~Eb.~.~~ ~ r~_ ~ P y John W. Col2ins ~ . ~ First Federal Savings 8~ Loan Association • ~r E . of Fort Pierce ~ Florida ~~9 3~7 PM 73 ~ ,~_29_ys f , Checked By ~ E ~ ~ eoox 213 ~a6E 771 js i ~ ~ -~s ~ - ~ - - _ _ - - - ~ ; ~ ~,~~~x,:,~: