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Home My WebLink About0084 1. To ptace ~~d continuously keep o~ the bui'd~r.gs now o. herea(rer ~ltuate on s~~d land and on all eq~~pment and personally cove~ed by thi~ mortg- p~, with •11 prem~ums tArrcw+ pa~d in full, f~re i+iiursnce ;n ~hs usua{ sranduJ po~~cy form, in a~um approred by the MORIGAGEE, aod w~ndsto~m insurants in the uiu~) standard pol~cy lor~n, io a~um approYed by 1he MORTGAGEE, in such tompany or compsn~es sf ?he MJRTGAGEE msy direct; •nd all fir~ and wind~torm insuranca polrc~es o~ any of sa~d build~ngs, any Inlt~ast lherain or pa~t lhereoF, in ths afl9rega~e ium ~faetaid a In txtess tFureof, sha~) con~ain ihs uwal s~andard morrgagee dause a such othet clavse ss tM Mortgagee may requ~n, maki~ ~he loi~ under ta~d poli- cies. each snd every, payabl• to said Mt7RTGAGEE as ~ts ~n~era~~ may appear, arN! each end e~ery such pot~cy shaN tx promFdy ais qned and delive~ed to •ny held by wid MORTGAGEE a~ funhe~ u~urity ?o seid mor~ga~e debr, and, not lesa than ten QO) days in advance ol the expiro~~oo of each policy, to da live~ to said MORTGAGEE a renewa~ thcreof, togelhe~ with a receipt for the premiom._ai such renewal; and there shall be no f~re o~ windstorm inw~ance p~aced on any of said buitdings, sny interest therei~ w part thereof, unlcss-itr the }orm ind wi~h the loss payable as aio~esaid; ~nd in the event any sum of mon~y becomei payable unda such pol~q or pol~ues sacd MORIGAGEE shall have ~he opt~on ~o rece~Ye end apply the same o~ account o1 ?he indabted- neas yec~red hereby w ro perm~t aa~d MORTGAGORS ro receive and use it qr any par~ ehe,eof ter orncr purpones, .•.~~ho~r ih:~~u~ wa~~~.~~ or ~~~~pa~r- ing any equ~ty, lien or r;gh? undr~ w by virtue of this morrgage; snd in the even~ sa~d MORTGAGORS shafl iw any reason fai) ro keep ~he ia~d prem~sas so i~sured, or fai) to delive~ prpmplty any of laid politie~ of insurante 1o said MORTGAGEE, or fail promptly 1o pay fufiy any pre~~~~vm therefor or in any respecl fail to pe~(wm, discharge, execure, effecl, comple~e, comply with and ablde by lhis covenant, a any parl hr~eof, said MORiGAGEE may place an0 pay fw such insurante or any part thercof without waiving a affecting any option, lien, tquity, w righl under or by virtue of this Matgage, and the full amount oi each a~d every such payment shall be im~nediatety due and payable and shaN b~ar 3nterest l~om the data thereoi umil paid at the ~ate ol n+ne pe~ cenfum per annum and to~ethrr with such iNerest shall be secured by the lien of tA~s mortgage. 1. To ptrmit, commil or su(fer ~o waste, impairment w deterioration of said property or any pa?t thereof. S. To pay aIl ar~d singutar the costs, charges and expenses, including a rcasonable at~or~cy's fee and costs of abs~racts of title, in:vrr~ a pa~d at any time by said MORiGAGEf, because w in the event of tAe taiiure on the part of tM said MORIGAGOR ?o duly, promptly and fully perform, d~uhargq executs, ef(ect, complete, comply w~th and ab:de by each and every the s~ipulat:o~s, agreements, condition~, snd covenann o1 said prom~swry note and ~his mortgage any or either, and sa:d costs, charges and expenses, each and eve~y, shall be immedialely due and payabte; whether a not there be notice ds mand, atremp~ to co~~ect or suit pend~ng; snd ths fu11 amount of each and eveiy such payment shall bee. intere» from Ihe date thereof unti! paid at the rate of nine per centum per ann~m; arx: alI aaid costs, cha~ges a~d expenses incurred or paid, Iogether w~th such inlerest, ahall be setured by the lien of this mortgag~. • 6. That (a) in the erenf of any '~reach of th:s Morrgage o~ defaull on ?he part of the MORTGAGOR, a(b) in the event ~ny of ta:d iums of money he~ein referred to be not prwnptly and fully paid wiihin thirt~r (30) days next after the same s~verally decome due and payable, without demand or notice, or (c) in the event each and every the stipulafions, ag~eements, condir~ons and covenanrs of sa:d promisx>ry note and th~s mwtgaye any a eithe~ sre oot ~uty, promptly and fully performed, d.xharged, executed, effected, tompleted, compi~ed with a~d ab~ded by, then in e;ther a any such event the ia~d ag g~egate sum mentioned in said promisso~y ~ote fhen remsining unpaid, with intnrest accrued, a~d all moneys aecured hereby, shall become d~e and pay- ebta fwthwith, w therea~rer, at fhe op:+on of said MOR7GAGEE, as tully and completrly a~ if atl of the said sums of money were wginally st~pulated ro be pa~d on such day, anything i~ sa:d promissory note or in this Mortgage to the convary notwi~hstanding; and thereupon or the~eaher at the option of na~d MORTGAGEE, witFn~ut not~ce or demand, su+t at law ar in equity, therefore a thereaiter bequn, may be prosecuted as if all moneyt secured hereby rad matu~ed pr~or to its institution. 7. That in 1he event that at the beginn~ng of w at any tirrK pending a~y suit upon this Martgage, or to foreclox iL or to reform it, or to enforce payment of any claims hereunder, said MORTGAGEf ahalt apply to the Court having ju~isdicrie~ thereof for the appo;nrment of a Receiver, such Court shall forfhwith appoint a receiver oF said mortgaged property ati arxl singular, inci~dmg all and singular the income, proi~ts, issues and reve~ues irom whatever wurce der;ved, each and every of wh~ch, it being expressty understood, is hereby mutgaged as ~f spec~fically set forth and described in rhe granting and haberuJum clauses hereof, and svch Receiver shall have a;l the broad and effective funct~ons arn! powers in anywise entruated by a Gourt to a Receiver, and such appointment shall be mede by such Gourt as an admitted equity and a malter of absolute right to said MORiGAGEE, and without reterence 1o the adequaq w inadequacy of the vatve of the p?operty mwrgaged or to the so~vency or insolventy of said MORTGAGOR o~ the defendants, a~d that such ren+s, proiits, income, iuves and revenues sF»I~ be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fuUy perform, d~scharge, execute, effect, compl~te, comply with and abide by each and eve?y !he st;pulations,.agreeme~ts, condi?ions and covenants in sa~d promisso:y note and this mortgage set forth_ 9. That in the event the ownership of the mortgaged premises, w any part thereof, be:omes vested in a person other than the MORTGAGOR, the MORiGAGEE, its successors and ass~gns, may, without notice to the MORTGAOR, deat with such succeuw a successor in interesr with reterence to this mortgage and the debt hereby secu~e~1 in the same manner as wi~l~ Mortgago. wiih~ut in any way vitiating or discharging the f~lortgagori (iability FKrr under or upon the debt hereby secured. No sale of ~he premises herehy mortgaged and no forbearance on the part of ~he 1~10RiGAGEE or its successws or assigns and no extension of the time tor the paymenr of the debr htreby secured given by the MORTGAGEE or its s~ccessors or auigns, ahall operate ro rel~ase, d~scharge, modify change or affect the origlnal liab~{ity of the AM1ORIGAGOR herein, ei~her in whoie or in part. 10. If is specifically agreed tfiat time is of the easence of thi; contract and thal no waiver of any obi~gation hereundar or of the oblgation se- cured hereby shali at any time ~hereafter [x he:d to be a waiver of the terms hereof w of the instrumem secured he~by. t l. tn add~tio~ to thr forego n~ monehly paymere!s of prir.c pai and inreres~ requirPd by the p:omissory nore secured hereby, mortgagor covenants and agrees to pay, to moctgagee v~~th each monthiy payr.~ent an add~iional sum esnma~ed by mortgagee ro be equai to 1; 12 of the annual c~st of the follow- ir.g: _ A-All real property taxes fevied or assessed agai•,st the above desc~ibed reaf estare. 8-Prem~ums on fire and windsto~m insurarce as he~e~n requ:red to be carried on the improvements s~tuate on the above described premises. C-Premi~ms on s~ch rr.ortgrge guarar.ty ir.zurar~ce as mortgagee sha;t }r~m t~me to rime deem fit to carry on the loan secured hereby. Mo~tgagee shaEl from time to time notify monyagor in wr~t~ng of the amount due and payabte hereundrr and such surn shali thereupon be due and payable on ?he due date oF rhe next month:y paymen? and each svccess~ve month thereafter ur.tii mortgagee sha!{ noYrfy mortgagor of a change in such amount_ Such sums shail be app!ied by mortga3ee !ov+ard the payme~t of ~eal prcperty taaes, insurance prem:ums, a~xl mortgage guaranty insurance premiums. IN \YITNE55 `NMEREOF, the sa~d MORTGAGOR has here~nto set his hard and seal the day a year first aforesaid. ' ned, Sealed and delEve in tfie presence of: ~ ~ S GO ~C~^ (Sean ~.J JaCk H• Cott (Sean ' S _~~u _ c.~ cs~an ~ _ Grace Ann Scott ~~a~~ 57ATE Of FLORIOA 1 COUNTY OF St. Lucie j Befwe me penonally appeared ~~C~S FI. $COtt and Grace qriTl SCOtt his wife, to me well known and k~own to me to be : the ir.dividusls aescribed in snd who executed the forego~ng instrument, and ac(enow:edged befwe me that they executed the same for the purpose~ j therein expressed. And the said ~raee Ann CCOtt w~fe of the said .7ack ~ SCOtt upon a separate and privets examination by me taken separate and apart from her sa;d husband, acknow{~dged ro aod before me that she exetvted said instr~meM fresly a~d volw~- rarity and without any compulsion, constraint, apprehena~on, or fear of w from her said husband WITNESS my hand and offic:a! seal thi: 3~tr ddy id y~ u'y ~~'J j _ y/_ 1 . ' vy i Notary Publlc in and for Sfar biida 'if Large ~ ~ ~ ~ ~ ~ My Commission expire _ _ ; Return To: - ~ ' ' Firat Federat Savin9s 6 toan Associat~on ~A~ QUB;~. ~~RIDA st [~1RF~-- Of Fort P:erce. ' ~y COtiqVI~• •..~U..:S nEC. soode0 S,~ o.i,.M a~'!~_u a:ice uD6Oryi~~~ , Fort Pierce, FtoriJa . ~ . ~ ~ ' . ' . ' . . ` fILED AM: F~CJFiDED . ET. LUC1~ ~~~y7~ fLA_ This Instrument Prepared By John tti. CoZlin~ RGC-.= f;~1RA$ f~ First Federal Savings & loan Association CLER!c i;::r:~i; CdURT . - of Fort Pierce~ ~'Iorida RFC^fi:~'~-~ ;=;Er ~ Checked By ~ WM l I"143 PM ~~3 ~S~~a~~ 3ocx 215 ~~~E 84 _ . - ~ - _ ~ _ _ ~ ~ ~ ~ ~ ~ , _ . ~