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HomeMy WebLinkAbout2876 9. To place and cunNnuo~sly keep on ?he bu~'dings now or hereatter ~ituate on sa~d land and on alt equ~p~nent and pe~sonally covered by this ma~g sgs, wi~b sl) prrmiums thrrcon pa:d in iull, fi~e inwrance in ihe usual standard policy form,, in a sum approved by the MOR~GAGEE, and w~~ds~o~m insuronte i~ ths uswl ~~andard pol,cy torm, io a aum approvcd by ~he MORTGAGEE, 1n ~uch cwnpany or companies as the MORTGAGEE ma~ direcl; u+d all fire and w~ndstarm in~urance po~~ues on any ol sa~d build~~+gs, any interest therein or part thereof, in the aggreqa~e ium afo~csaid o~ in excess thereof, shall contain the usual standa~d mortgagee clause w such oehar clauie is ~he Mortgagee may req~~ro, ma4ing ~he loss undrr sa~d pol~ des, each and every, payable to sa~d MORTGAGEE at its inte~est may appeai, a~d each and every zuch poi~cy shall be p~ompNy ass g~ed and delive.ed ~o any held by said MORTGAGEE ss tu~iher seturity lo said mwlgage debt, and, not les~ lhan len (10) day~ in advance of ~he eapiration of each polity, to d~- Uver to said MORTGAGEE a reoewal thereof, together with A rete~pl fw the premium of such ~e~uwal; and there ahall be no f~re or wiodiio~m iniu~anc• placed on any of said build;nys, any interest the~r~o w pa~t thereof, unless in ihe form and wi~h Ihe loss payabte as ato~esaid; and in the event any ~~m of money bccomes payab~e under wch policy a policies said MORiGAGEE ah~ll have the opt~on to receive and appiy thr tame on account ol 1he ]odrbted~ ness secu~ed heteby or to petmit ssid MORIGAGORS ro rcteive and uss it a any par~ ~hrreol for o:i~~~ pw~~osrs, v.nho~t th:r.uf w.:~.i:~3 unpou. ' ~ng any equ~ty, I~en or r~ght under or by vinue of this mozlga9e; ~~d in the event sa~d MORiGAGORS ahall fw any reason isil lo kcep ~he s+id pr~mitrs so . insu?ed, or fail to deliver promptly any of said polKies of insura~ts to said MORTGAGEE, or fai! p~omptly to pay fully +ny pre~ni~m Iherefq p in any rc~pect fail 1o psrfo.m, discharge, executa, effect, comp:ete, comply wi~fi and ab~e by th~s covenen~, p any par~ hrreol, said MGRiGAGEE may piace a~.d pay fw such insurance or any part thereof without waiving or affecting any op~wo, lien, equi~y, or Ngh~ unde~ o? b~ vhrue of thh Martgape, and the f~lt artw~,nt oi each arxf every such payment sha!! be im,ned~ately due and payabte and shall bear interes~ from the date thereoi u~~il pa~d at the rate ol n~ne per tentum per annum and to~ethe~ with such imerest slwli tx secured by the lien of Ihis mortgage, ` 1. To permit, commit o~ su(ter no waste, impairment a deterioration of sa~d property or any part thereof. 5. To pay all and singular the costs, chargea and expenxs, including a ressonabte attw~ey's iee and costs of abstracts of tiNe, incurred or paid a~ ' any time by said MORTGAGEE, because o~ in the eveM of the failure on Ihe pa~t of the said MORTGAGOR to duly, p~anpdy and fully perfwm, d~scharge. execute, e((ecl, complete, comply with a~d ~b:de by each a~d every the stipulat~ons, agreeme~u, conditions, and covenanrs of said p~omiswry nofe and th;i mettgage eny w either, and sa~d coats, charges and expensei, each artd every, shall be immrdiately due and payabte: whe?her w no~ there be no+~ce dr mand, attempt to coilect or suit pend~ng; and the fvl! amount of each and eve~y such payment shall bear inieresf (rom ~he date ?hereof until paid at the r.,re of nine per centum per ann~m; and all said costs, charges and expenses incurred w paid, together w~th such interest, slwll be secured by tAe lien of ih.• mortgaQe. 6. 1'hat {a) in the evenl of any breach ot th~s 1Mortgage o~ default on ~he part of the MORTGAGQR, or (b) in ~he event any of sa;d sums of money herein referred to be not prompHy and fuily paid within lhirty (30) days nexl ai~er Ihe same severa~ly become d~e and payable, wifhoul demand or noticr, or (c) in the event each and every ~he sfipufations, agreemcNS, conditions and covenanta of sa~d promissory nofe a~d th,s mortgage a~y or either are no1 ~uly, promptly and fully pe~fwmed, d~scharged, executed, effetted, compieted, complied with and abided by, then in e~the? w any such event the sa~d ag gregate sum mentioned in said p~omisswy note ihen remaining vnpaid, with interest accrued, and all moneys setured hereby, sF~atl become d~e and pay- able (prthwith, or thereafter, at the opt+on of said AhORTGAGEE, as fully and comple~ely as ii all oi the said sums oS money were orginatly at~puiated ro be paid on such day, anything in sa;d promissory rrote or in this Mwtgage to the contrary notwirhsranding; and thereupon w fhereaffer at the opGon of sa:d MOR7GAGEE, w;thout not,ce or demand, suit at law u in equity, therefore w thereafter begun, may be prosecuted as if a11 moneys secured hereby n~d maWr~d pnor ro as ~nstiWtwn. 7. That in the event that at the beginn~ng of or at any time pending any suit upon this Mortgage, w to fweclose if, or to reform it, or to enfores paym~nt of any claims hereunder, sa'rd MORTGAGEE shall apply to ~he Court having j~risd~ction ~he~eot for the appoiroment of a Receiver, such Court shall fo:thwirh appoir.t a receiver of said mortgaged property all and singular, intlud~ng all and singu~ar the income, p~ot~ts, issues and revenues irom whatever s~u•te derived, each and every of wAich, it being expressty unders~ood, is hereby mortgaged as if spec~iicafly set fo~th and dascribed in the granting and h~bendum ctauses hereof, and such Receiver shall have a~l the br~d and effective f~nct~ons and powers in anywise entrustrd by a Court to a Receive?, and s_ch appointment shall be made by such Coun as an admitted equity and a maner of abso~ute right ro sa]d MOitTGAGEE, and w;thout referente 1o the adequacy or inadequacy of the valve of the property mortgaged or to the so~vency or ~nsotvency of said MORiGAGOR a the defendants, a~d that such re~ts, profits, intome, issues and revenues shall be applied by such Receivcr accord~ng to the lien or equity of said MORiGAGEE and the practice of such Court. _ 8. To duly, promptly and fully pe+form, d;scha~ge, execute, effect, comple~e, comply w~~F~ and abide by each and every the atipulations, agreements, corsditions and covenants in sa~d promisswy note and this mortgage set fwth. 9. That in the event the ownership of the mortgaged premises, or any part the~eof, betomes vested in a pe:wn otfier than the MORTGAGQit, fhe MORTGAGEE, ifs successors and assigns, may, without notice to the MOR7GAOR, desl with such successo~ a successor in interest with refere~ce to this mortgage and ~he dr61 hereby secured in the sarne manner as w+th ~1lorlgago~ without in any way vi~~ating or d~uharging the Mortgagors' Iiability here- under o~ ~pon the debt hereby sec~red. No sale of the prem~ses hereby mortgaged a~d no for~earance on the pa~t of rbe fJ10RIGAGEE or its successors or assegns and no exse~zion of the time for the payment oi the debt hereby secured given by Ihe MORTGAGEE or its successws or au~gns, shalt operate to reMease, d~scharye, modify ~hange w afiect ~he origi~al liab~l~ty of the MORTGAGOR herein, eithe~ in whole w in part. 10. It is specifically agreed that time ~s of the essence of this contract and that no waiver of any obliqa~ion hereurxler or of !he obligstion st c~red hereby shal~ at any time ~hereafter be held to be a waiver of the terms hereo4 w of the instrument secured herby. 11. In ~dd.t:o~ to the forege:ng rnonth!y paym~nts of princ'pal and interest required by the prom~ssory ~ote secured hereb/, mortgagar co~enants ~^d agrees to pay to mo~tgagee with each monthly payr•1eM an add~sional sum est~~~ared by mortgsgee to be equat to 1: 12 of the annual cost of the follow- ,~y: A-AN real p+operty ta,ers lev~ed or assessed agai•~st thc above desa~5ed real estate. B-pren.~;,ms on fire and w~ndstorm ~nsurar,ce as here~n requ~red to be <arried on the ~mproveme~ts s~tuate on th~ above d~scribed premises. C-Pre~r,iums on s~ch mortc~age gua~anty ir.surar.ce as mortgagee shail frorr t:me to ti~ne deem fit to carry on .the loan secured hereby. - Mortgagee sha!I lrom time to time not~fy mongagor in writing oF the amoont due and payab~e hereundrr and such sum shal! thereupon be due and :.ayable on the due date of the next month~y payment and each successive month thereaftcr ur,til mortgagee shall notify mortgagor of a change irt such s••~u~m_ $uch sums shail be.applied by mortgagee toward the payment of real oroperty taxes, insu~ance prem;ums, a~~d mortgage gvaranty insurance ~ c•emi_~ms. IN WiiNES$ V11HER'cOf, the said I4~ORTGAGOR has hereur.to set his har.d and seal the day and year fint afcresaid. 1S' ned, Sealed and delivere in the presence of: / ~ ~ v?%y~i•y~ s" . ; _ ~ ~ -~'~~J 1'Ila?Yt~ W~ MCIB@Q t5eaq E _ _ ' ~7tti.~~ `N 7~i.G X1Pi _ (Seal) ~ - ~r9~t N• MCBe@ (Seaq € S S7ATE OF FLORIDA • ! ~ SS. ~ COUNTY OF St. Lucie ~ ~ Before me personally appeared ~eYnard W. ~CB~@ and i : Maz atet H. McB~e s - 9 his wife, to me well known and known to me to be ~ !he individua(s desuibed in and who executed the foregoing inst~ument, and atknowledged befue me that they executed the same for the purposes ~ ~ thzrein expressed. A~d the said ~'d~ ~t N~ MCROI~ ~ rv;fe Bernard w. MC~@ upon a separate and p?ivate g examinatiQn 6y'rre~•taken separate and apart from her said hvsband, atknowledged to and before me that she executed said insnumem freety and votuo- ' rarily and without any compulsion, constraint, apprehemion, a fear of w from her said husband. • y ~..ttn~ll~:~ 28t.11 ;s `~~~''~1VITNESS.p~~Ft~fr~ a?~d offitia! seal this_ day of J~e a p. ~973 ~ ~3 ~ _ ~~~~'Z V,~' = Notary Publk in and i the State of florida at large ` - Q~ • 'i1'` r My Comm~ssion expires: :a ~ . n ~ Retutn To; } ~ • . ~ irs~~~l~ery) ~ ~ i~. loan Association • : ~F~t~ P~~rce. ? • ' ; '•~U ~o~s4 M1cf-qorida No~o?r ?~bGc, Stot~ of Fbri~lo ~ (o~ - "%.Sl'~, ~'~:...t,.•'t . Mr Comrruu+oa E,cp~ra Oct. 30, 1916 . ,~~'I "t SA.:T , iond~d br M»ricon Fir~ i CasvohY Co. ~ r,~~~~~i~:~ This Instrument Prepared 8y J~ I.{~ Roberts, Jr. fILEO A!~~ ~ECGROED ~~O = First Fede~al Savings & Loan Assocrat~on ST. WCIE COUATY fLA. ~3 ~ . of Fort Pierce ~ FloY3dd " AOCER f~1'RAS (t ~ CLEfK C:~:,UtT COURT ' F ~ REC~R~ YE-~=1E= ~ Checked By a ~ { J~. 3 t0 4s aM'73 ~ ~ ~ R 215 2 - aoox PACE 8~ - ~ - - - _ _ _ _ . - - ~ - ~ m~~ _ ~ t ~ ~ ~ _ .