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Home My WebLink About1310 To plac~ and conti~uousty ktep on the buitd~ngs naw o~ heresfter u~uate on said I~nd and on a11 equipmcnt and peno~~lly cove.eJ by ~his ma~g~ sge, with •11 premiumi thareon pa~d i~ full, fire insvrance in the usual s+andard po~icy form, in a sum approved by the MORiGAGEE, and windsrorm insur~~c~ in fhe usual ~iandard pol~cy for~n, in • sum approved by ~he NWRTGAGFE, in ~uch company or con+pan~e~ ~s ~hs MORiGAGEE may di~eth and al) firs and windirorm insuroncs policie~ on any of ss~d buitdtrys. ~ny i~~erest therein or part ~hereof, in ths ~9gregate sum afa~w~d w 1n ~acea thc~eof, shall contain tM wual standard mort~agea clause a such other tlsuu ~t tM Matgages may requ~rs, makin9 ih~ loas unda ta~d polb cies, each ~nd every, payabl~ to sa]d MORiGAGfE a~ its intarest r~ay appear, and ~ach aod every s~ch policy shall be prompriy i~s.9ned end deliverrd to any held 6y said MOR~GAGEE ~s further tec~~ity to uid morlgag~ debt, and, nt+1 leu Ihan ten (101 days in advance of ~he expira~ion ol each pol~cy, to d~- liv~r to said MORiGAGEE • rcnewal thercwf, fogetMr with • rece~pt fa the p~~mium of such rer~ewal; and thero ihall be r+o fire or winds~arm inwrance plaad on ~~y of said buildirga, ~ny interest Ihe~eio o~ parl thereol, u~leis in the fum ud with tM loia payable aa aioreisid; and in tFN event +ny aum of money becomea payable under such policy or pol~cies said MORTGAGEE shall have ~M opt~on ro receive and apply the same w+ account of the indebted- neu secu~td hereby Or ro permit said MORTGAGORS to receive ~nd uN it W any part Ihereof iw otner purpases, v~iiho~t th:•. ur waivi~ig or ~n,poir- ing any equity, I;en w righl v~der a by virtus of this mo:tyaqe; •nd in 1M eveM se~d MORTGAGORS ~hall (w a~y reason fait to kcep rhe s~id premisr~ so inaured, or fail ro deliver prompfly any of said polic~es of insu~anc~ to u+d MORTGAGEE, a fail promptly to pay fully any pre~nium there~w w in any respad (ail ro pafwny d~schar~e, e:ecute, ef(ect, complete, comply with a~d sbid~ by ~his covenan~, w any par~ htreof, sald MORiGAGEE may piace •nd psy fw tuth i~svrance or a~Y W~t thereof without waiviny p affettirq any oplio~, lien, eqvity, w righl under o? by virtue of thit Matgaps, a~xt the fvll amount of cxh and eve+y ivch payrr~rnt shall be immediately dw u+d pay~ble ~nd shall bear inlerest from the dat~ thereof until paid at fhe ra~t of nine per centum psr annum and rogether wifh ~uth interest shall be sec~rrd by the liet~.of Ihis mwtgage. 1. 1o petmif, tommif o~ suf(er ~p waste, impairment ot detcrioration of said property or any peR thereof. . • 5. To pay all and singular the costi, charges ~nd expense~, inctuding a reasonable attaney i fea ar~d costs of abstracts of title, incurred or pa~d at any time by said MORTGAGfE, because w in 1he event of the failure on ~he pert of ~hs said MORTGAGOR to duly, p~omptly and fully perform, d~scharqe_ execute, eifett, canptete, coa+ply with end ab~de by each and every the stipulations, ag~eemenri, conditions, and cavenann of taid p•omissory note and thii mortga9e any w either, snd saK! costs, charges ar+d a~perues, e~ch and avery, shall be immediately due and psyabte; whe~her or no~ tkere be no~~ce da mend, anempt to collect or suit pending; ~nd ths full ~mou~t of e~ch and eve?y s~ch payment shall bea? interest irom ihe date thereof until paid at the rare of nine per crnt~m pet amiu+n; and all said coits, charges and ezpenses ir!curred a paid, toge?her w~th s~tch interest, shall be tecured by the I~en of th~s mtvtQys. 6. That (a) in the event of a~y breach of thit Mortgags or default on the part of the MORTGAGOR, a(b) i~ the event sny of iaid sums of mo~ey herein reierred ro bs not prompfly a~d fully paid within thirty (30) days neat after the same severally becane due snd payable, witFwut demand a notica, + or (c) in the event each and every 1he sl~pulations, agrerments, cw~ditions and covenants of sa;d p~omiuo~y nofe snd th~a mortgage any or either are nol ~uly, promptly and fully perfwmed, d~uharged, executed, eifected, compteted, complrcd with and abided `~y, then in eithe~ or any such event the ss;d ag gregaro sum mcntioned in said promissory note ~hen remsining unpaid, with interes~ sarved, and all moneys secured hereby, shall become dw and pay- able fathwith, or ~he~eafter, at the op~io~ of said MORTGAGEE, as fully and completely as i( all of ~he said sums of money were orginally ttfpuiated ro be paid on such day, anything in said promissory oote or in this Mortgage to fhe cont.ary nofwithstanding; and thereupon w fhereaftea at the opuon of seid MORTGAGEE, without notice w demand, suit at law or in equity, therefore or thereafrer begun, may be prosecvted as if all monays secured he~eby had matured prror to ds institutwn. 7. That in the event that at the ~eginnirx~ of o~ at any time pending a~y suit upon this Mo.tgage, o~ to iweclose it, a fo reform it, w to enfwce payment of any claims haeunder, said MORTGAGEE shall apply to the Co~rt havin9 jur~sdiction thereof (or the appointment of a Receive~, such Cour1 shall forthwith appoint s rece~Yer oi said mwtgaged property all and singular, includ~ng al! and singutar, 1he income, prolits, issues snd revenues from whatever source derived, each ~nd eve~y of wh;ch, i~ be~ng expressty unde~s~ood, is hereby mwtgaged as if spec;fically ut for~h and described in the g~snting and habendum clsuses hereof, and such Receiver shall have all the broad and efiecrive funct~ont and powers in snyw~se entrvsted by a Court ta a Recriver, a~d scch appointment ihall be made by such Court as an admitted equiry and a matrer of absolute ~7ght to said MORiGAGEE, snd without reference !o the ; edeqvacy w insdequacy of the value of fhe properry mortgaged or to tF~e wtvency o~ insolvency o( ta~d MORiGAGOR or the defendanfi, and ~ha~ such ren+s, profits, income, issurs and reven~es shall be applied by such Recei~er according to the tien or equity of said MORiGAGEE and the practite of s~ch CouA. 8. To duly, promptly and fully perfwm, discharge, execute, effect, comptete, comply with snd abide by each a~d every the stipulations, sgreeme~ts, conditions and covenants ~n sa~d promissory note and this mortgage set fwlh. 9. Thst in the event the ow~ership of the mortgaged premises, a any part thereof, txcomes vested in a person other than the MORTGAGOR, 1he h10RTGAGEE, irt successus and ass~gns, may, without no~ice to the MORIGAOR, deat with such successor o? successo? in interest w~~h reference to thia mortgage and the debt hereby setured in fhe same manner as with Mortgagw without in any way vitiating o+ dixharging the Mortgagors' liability herr under or upon the debt he~eby secured. fVo sale of the Fremises hereby mo.tgaged snd no forbearance on the part of the MORiGAGEE w its sutcesswa or ass+gns and no exre~:ion of the time fw the psyment of the debt hrreby secured given by the MORTGAGEE or its successors w assigns, shall operate ro release, d~xharge, mod~fy change or affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole or in part. ~ 10. It is spec:(ically agreed that time is of the essence of Ihis contract and that no waiver of any obtigalion hereunder o? of the obligation sr ~ cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. t 11. In add~t~o~ to the forego'ng n;onthly payments of princ'pal a~d interest required by the prom;ssory no~e secured hereby, mortgagor tove~ants ard agrees to pay to mortgagee n;uh each monthly payr.,ent an add~~~cnal sum est~m.ated by mortgagee to be equal to 1; 12 of the annua! cost o( the fo~low- in3: A-AU real property taxes Icvied or assessed against the above described real estate. B-Prem~ums on iire and windstorm insura~ce as herein requ~red to be carr~ed on the improvements situate on the above described premises. G-P~emiums on such mortgage guaranty insurar~ce as mortgagee shatt from t~me to timp deem fit fo carry on the ban setured hereby. Mortgagee shail from rime to r'rme nctiiy mo.tgagor in w~;ring of the amount due and payable hereunder and such sum ahall tl+ereupon be due and cayable on the due date of the next morohty payment a~d each svccessive month thereafter ur,til mortgagee shall notify mortgagor of a change in svch amount. Such sums shall be applied by mortgagee toward the payrr~ent of reat property taxes, insvrance prem;ums, a~x! mortgage guara~ty insurante p~ emiums. IN WIiNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first sforesaid. Sig~ed, Sealed and delivered the presence of: ~ f ~ % t;~'p~ r i n we 11 a sin le ad ~ . . ~ cs~n ' ~t c STATE Of FIORIDA ~ ! COUNTY OF $ t• L'L!C ie ~ Befwe me penonally apperred Marion MeD4Me11. C) ~ a sin le aduZt i Mary S. ~'~CDONEll ~ 8 s ingle 8t~lli t 7~p~ to ~„vell known and known;li me to be f rhe individwls dewibed in and who executed tt?e fwe9oing instrwnent, and acknowledged before me that they executed tF~e ssms,.f+o~"14N pVrposes } f fhere~n exqessed. , ~ ` 9[~f[d0[ ]~IK7t~0C " r7[14aCiG1I _ • • _ ' . ~ ' WITNESS my hand and official seal thi da of ~ ~ € . _L • ~C D.~},9:,.T.3.~ i ~ r' - r . ~ j / Notary Publ'~c in end for i Sfate p It~rda ~1 lsrpa ' / My Commission expires: ~ Retur~ To: ~ , ^ • ' , € Fint federal Savings 3 toan Association NOTARY PUBLIC, S'fATE ot F[.pR(p~ ~~E ~ Of Fort P~e-ce. -b1Y C0:?"i°SIuV EXPIRES DEC. 29, 191~ ~ Fort Pierce, Florida Bo:We~ ;1,~~ G.nr~al lnsau~q W~ryrn~ t ~ i ~~q I~NG ECpR EO n ~ This Insirument Prepared By Gary F. Ell~rood ~~.~UCI~ C~UMTY~LA. ~.ra~~3 First Federal Savings & Loan Association p~~~ ~~'T~~'~ ~ ~ of Fort Pierce ~ Florida ~~~~jPn y~,~i~fi~~ COURt ~ a ' Checked By ` ~ ~ ~ Jut, i~ 9 ~1 ~M'T3 } ; ~ R . ~ ~ 3~aK21S Pa~~~10 r f ~ ~ - - _ _ _ ; ~ ' ~ - . ~ ~_~r~ ~ t _ _ .