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Home My WebLink About1625 To place ~nd continuously keep on the bui'd~ngi now w Mreaf~er sitw~s o~ sa~d land and on all equipment and pt~son+~ly covered by ~his ma~g~ ,~g~, wilh ~II prtmiumf lhereon paid i~ (ull, fire insur~nce in ~hs usual standard po~~ty fwm, i~ • ~um ~pproved by Ihe MORiGAGEE, and windttam • iruwance in th~ uswt standard pol~cy fam, i~ a sum approved by ~M MORTGAGEE, in ~vch canpany w cwnP+~~ei +s tFa MORiGAGEE may d'uecl; ~nd ~II fir~ ~nd winds~orm insurance policie~ on ~ny of uid build~ngs, ~ny intersst tMrein or part lhereol. in Iht a~gre~~t~ sum afwesaid ot in ~xceu Ihereof, thall confain ~M usual slandard mat~a9ee clavte a such othe~ c~aus~ u 1M Matyagce may requ~r~, m~kinq ths iost under sa~d po~F ciq, each and avery, payabte ro said MORTGAGEE as its intere~t may appea?, and each and every tvch poliq ~hall be promptly au yned and de?~ve~ed ~o any held by sa~d MORfGAGEE ~s }urrhe~ iecurity io sald mor~gage debt, ~nd, no~ leu tha~ ~ee~ (10) d~ys in advance of the expira~io~ oi each policy, to da live~ lo said MQRTGAGEE a renewal Ihcreof, topethtr with a receipt fo~ the p~em~um of suth renewal; and there ihall be ~+o fire or windstorm insursnce placed on any oi said buildings, ~ny interest the~ein or part thereof, u~less in the form snd w~th the toss paYabte ss •twesa~d; and i~ the evem +ny sum of money becomes payable under wch policy or pol~c~es iaid MORTGAGEE shall Mva the opt~on ~o rese~ve and apply the wme w? accouM of the indebt~ ness secured hereby w ~o permit said MORTGAGORS to receive and uss it or any part thereof iw othei purposes, ~.~ihout fh:~tu~ waivi~ig o~ ~~~:pa~r- ing any equ~y, lien w right unde~ or by virhie of this mo:tgage; and in tM avcr+t ss~d MORTGAGORS shall fa any reason fail to keep the said {ue~nises so insured, w fail fo deliver promptly ~ny of said policies of insurante to ssid MORTGAGEE, or fail promptly fo pay fully any premium therefot a i~ a~y respect fail ro pertam, d~scharge, execute, effect, complete, comply with and +bide by this covenant, or any part hereof, said MORTGAGEE may place and pay for suth insurancs o~ any part tAereof without waivi~g a affeding any option, lien, equity, or ?ight under w by virlue of this Matgage, and the full ~mount of each and every sucA payment slwll be immcdiataly due and payable and shall bear interes~ from the date thereof u~til paid at the rate o1 nine per centum per annum and together with such inte?est shaU be secured by the lien of this mortgage. 1. To permit, tommit o~ suffer no waste, impairrt?ent w deterio~ation of said property w+ny paA the~eof. 5. To pay alt and singutar the costs, charges and expenses, i~cluding a reasonable attwney i fee and costs of abstrrtts of title, incur~ed w paid a~ any time by said MORTGAGfE, because or in the event of the failure on Ihe part of 1he said MORTGAGOR to duly, promptly and fully perform, discharge, eaecute, effect, complNe, comply w~th a~d ab:de by each and every the stipula~~ons, sgreements, conditioru, and mve~ants of said promissory note and ~his matgage any w either, and said costs, charges and e:penses, each and every, shall be immediately due and payable; virhether or not there be norice do- mand, attempt to collect a suit pend~ng; and the fvll amo~nt of each and every such payment shall bear interest from the date thereof until paid at the rate of nine per centum per annum; a~d all said costs, charges and expenses inturred or paid, together with such interest, shall be secured by the lien of th~~ mortgage. 6. Thst (s) in the event of any breach of this Mwtgage or default on the paN of the MORTGAGOR, or (b) in the event any of saTd sums of money herei~ referred to be not promptly and fully paid within thirty (30) days neat after the same severally become due and payabte, without demand a notice. or (t) in the event each and every the stipulations, agreements, conditions and tovenants of sa;d promissory note and this mortgage any or e~ther are not iuly, promptly and futly performed, d~scharged, executed, effecred, comp~eted, compl~ed with and abided by, then in either w any such event the :aid ag gregate svm mentioned in said promissory note then remaining unpaid, with interest accrued, and atl moneys secured hereby, shall become due and pay- able forthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as i( all of the said sums of money were originally stiputated ro be paid on such day, anything in said promiuory oote w in this Mortgage to the contrary notwilhstanding; and ~}~ereupon w thereafter at the option of said MORTGAGEE, wi~hout not~ce or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as if all mw~eys secured hereby had matured pnor to its institution. 7. That in the event ~hat at the beginning of or at any time pending any suit upon this Mwtgage, a to fpreclose it, or to reform it, or fo enforce oayment of any claims hereunder, said MORTGAGEE shall apply to the Court having jurisdiction thereof for the appointment of ~ Reteiver, such Cour1 ahall . Forthwith appoint a receivd of said mwtgaged property all and ~irgulsr, includ~ng al~ and singular the income, prolits, issues snd revenues from whatever source derived, each and every of wh~ch, it being expressiy unders~ood, is hereby mortgaged as if specifically set fath and dewibed in the granting and hakxndum clauses hereof, and such Receiver shall have all the b?oad and effective funcnons and powers in anywise entrusted by a Gourt to a Receiver, and such 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 adequaty w inadequaty of the value of the property mortgaged or to the salventy or insolvency of said MORTGAGOR a the defendants, and thal such renrs, profin, income, iuves and revenues shall be applied by such Receiver according to the lien w equity ot said MORTGAGEE and the practice of such CauA. 8. To duly, p?omptly and fvlly periwm, discharge, execute, effect, complete, comply with and abide by each and every fhe stipulations, agreemcnis, conditions and covenants iA sa~d promiuory note and this mottgage set forth. 9. That in the event the ownership of the mortgacjed premises, a any part thereof, becomes vesfed in a person other than the MORTGAGOR, the MORTGAGEE, its succeuws and asign:, may, without norice to the MORTGAOR, deal with such successw or successor in interest wi~h reference to this mortgage and the debt hereby secured in ihe same manner as with Nbrtgagos without in any way vitiating ot diuhargirg the Martgagors' liability FKre~ under w upon the debt hereby secured. No sste of the premius hereby mwtgaged and no iorbearance on the part of the MORTGAGEE w its svccessors or assgns and no extension of the time for the payment of the debt hereby secured given by Ihe MORT(`iAGEE or its succtssors or auigns, ahall operate ~o release, d~xharge, modify change w affect the original {iab~l~ty of the MORTGAGOR herein, either in whole or in psrt. 10. It is specificatly agreed that time is of the essence of this comrad and that ~no wsiver oi any oblgat3on hereunder w of fhe oblgatan se- cured hereby shall at any time therraftcr be held to be a waiver of the terms hereo( or of tFx instrument secured herby. 11. In add~tio~ to the fwego'rx~ monthty payments of princ pal and interest required by the promiswry note secured hereby, mort9agot tovenants and agrees to pay to mortgagee wi~h each monthiy payrnent an add~rio~al sum estimated by mortgage6 to be equal to 1 f 12 of the annual cost of the follow- ing: A-AII real prope.ty ta:es levied or assessed against the above described real estate. B-Premiums on fire and windstorm insurance as herein requ~red to be ca.ried on the improveme~ts situate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry o~ ihe loan secured hereby. ; Mortgagee sF~ail from time to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and i payable on the due date of the neat monthly payment and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such amo~nt. $uch sums shatl be applied by mortgagee toward the payment of real property taxes, insurance prem.ums, and mortgage guaranty insurance premiums. IN Y~ITNESS WHEREOF, the uid MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. S' ned, Sealed and delivered in the prese~ce of: j~ C..~~~ (~y . Elser L. e ap ~ , ` ~a~ Sean ~ Wi lna McGee r~aq STATE OF FIORIDA S5. COUNTY OF SL . I.~lC 1@ 1 Before me personally appeared Elner L. MC~@ and j W i laa MeCee his wife, to me well known and known to me to be rhe individuals desuibed in and who executed the fwegoing instrumeM, and acknowledged before me' that they executaF •tRi"lAMO, f w the purposes ~ Wllsa McGee ~ ` ' ' + .~4~ therein expressed. And the sai - wife of the said Elaer MCCa@e =~•'~~upon a seaqrafe~'spd private i examinatan by me taken xparate and apart from he~ said husbsnd, acknowledged ro and befwe me that she exetited taidi4st?iiineflt frse~y-.apd voluo- ~ tar~ly and without sny compulsiw~, constraint, apprehension, w fear of or from her said husbsnd. ~ `j ~ ~ . ? WtiNE55 my hand and official seal thi: c~ ~n ~l. day of A ril : p. ~q 73 o Nota Public in and for te o Iorids,N ~ d+ STA ~~F F(~O R I D A ~ /Ny Commission expires: y ' •~94 ' OOCUMENTARY -.~STAMP TAi ~ . ~ ~ ~ c°~ ° DEPT.OF RE~D111E ~ ~ NOTARY PUBUC.'STATE~~'f1.ORIDA'st LARGE ~ =.:rfi:J'13 ~ Z 1. O O ~ MY COMMISSION EXPIRES SEPT. 25, 1975 = P~- Bonded Bp Amerian Bankers I~urance ~:o. p 0 .`..1~~~2 ~~~w ' ' f1~E01?!lOI~ECOR9E0 st.~uc~f cou~~r Fu. This Instrument Prepared By John W. Collins • ROCcK pOZS~S ~ First Federal Savings & loan Association CL~ER ~,EtQT ~OI~T of Fort Pierce, Florida AECb Checked By ~ ~ ~ `O 20 253160 ~oRK213 P~~E1623 ~R ' - - - - - - - _ - _ ~ _ -