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Home My WebLink About1651 To place and continuouaty keep on the bui'd~„gs now or hereafter tituots on fa~d Isnd and on aN cquipmem and pe~sona~ly cove~ed by ~his mor~g~ s9e, w;~h all piem;ums therean pa:d in tull, fire inauronca in the usual standard polity 4orm, in a sum approved by the M~R~GAGEE, end windetorpi insura~ce in the usual standard pot•cy form, in a~um •ppro~ed by ~Fro MORiGAGEE, i~ such co~~pany o~ co~~.pan~es ss the N,ORTGAGEE may d(~ect; •~d all tire snd w~ndsto~m insvrance polkies w.? a~y o( s~~d buiid~nps, any imera~~ there~~ o~ psrt ~itie~eo~, i~ th~ agqrega~e sum afwesa~d a in txcess Ihereol, shall contain ~he usual uar.da~d mor~gagee dause w such olhe~ dause ~s the Matgagee may requ~ro, maMin9 ~ha los~ undcr sa~d polF ciet, each and evcry, payabie to said A10RTGAGEE as ~~s iNeres~ may appeer, and eech and every tuch poi;cy shs11 be promp~ly as~ gned and delive~rd to . any hold by said MORfGAGEE ss furiher security to ~aid ~~ortgage drbt, and, nol leu tMn tcn (10) dayt in ad~ance of the ezpir~tion o1 each policy, to d~- Gver to wid MORTGAGEE a renawal the•~o1, toge~he~ wi+h • rece~pt for Ihe premium of suth rcnewal; and thrre sAait be ~w hre or winds~v~~r. insu~ancs p~sced on ~ny ol said b~i~ding~, any inteaes~ ~here~n or psrt thereof, unleas in ~he form ~nd wiih ~he loss payable a~ aforesaid; and in the event any sum of money b~comes payable under such policy or poGcies sa]d MORTGAGEE ahall Mve ths opt~on ~o rece+ve and apply lhe same on accoun~ o( the inctabted- ness secured hereby w to permil said MORTGAGORS to receive and use it pr any pait thereoi fo, orner purNCSrs, v,~~hout ~h_.~ u~ waiw~.y ~r ~~t,p~~r• ing any equlty, lien o~ ~ight unde~ w by virtue of ~his mo:tgage; ~nd in the evem w~d MORTGAGORS shall fw any reason fai~ to keep tfie said premitias ~o • insurtd, p/ail to delive~ promp~ly any of said policies of insu~ance to sa~d MORiGAGEE, or fait promptiy to pay fully any prem~vm theiefor o+ in a~y rotpect fail ta psrfwm, discharge, execu~e, etfect, complete, comply wi~h and ab7de by ~h~s covena~~, or any parl hrreoi, said MGRTvAGEE may plate and pay fa such in~urar.te w any part thereof without waiving w affettinp any option, lien, equity, a right under or by virtue of this Maegaye, snd.the ' ~ull amovnf of each a~d every such payment shal! be immedialely due and payabls ind shall bear interesl from tho date lhereoF until poid at the ~ate ot • n;ne per temum per annum and to~ether wi~h such ime~est shaii be secured by the lien of thi~ mwtgage. 1. To ptrmit, tanmit o~ sufFer no waste, impairm~nt w de~erioration of sa~d property or any part thereof. 5. To pay a11 and sirgula? the costs, cAarges snd expenses, includ~ng a ~easonable attwney i fee and costs of abstracts oi title, incurred or paid at any time by said MORIGAG:f, because w in rhe event of fhe failura on the part of the said MORiGAGOR to duly, promptly snd fv~~y perform, d~xharge. execute, ef(ect, complete, comply with and ab:de by each and every the stipula~ions, agreements, co~ditioni, and covenants of sa~d promissory note a~d thit ~ mortgage any or eiiher, and sa~d costs, charges and eapenses, cach and every, shall be immediate7y due and payable; whether a not there be notice da mand, attemp~ to collec~ w suit pend~ng; and ~he full amoum of each and every auch paymen~ shall bea. i~ierest from tl~e date ~hereof until paid ~t the r,~re o( nine per ce~tum per annu:n; an~' all said costs, charges and expenees incurred or paid, together wuh such iote~est, shatl be sec~red by the lien of lhis mort9aye. 6. That (a) in the evenf of any breach of this Nbrtgage o? default on tM part of Ihe MORTGAGOR, or (b) in the event any of sa~d sums of money herein refcrred to be not promptly and fully paid wiihin th;rty (30) days next aiter the same severaUy become due and payabte, wi~ho~~ demand o~ norice, or (cj in the evenr each and every the stipujationa, agreemrnts, condirions and covenants of sa,d promissory nore and ~I~~s mortgagc any w e~~her a.e nol iuly, promptly and fully pe~formed, dacharged, ezecu~ed, effected, completed, compGed wi:h and a6~ded `ay, then io elthe~ or any such eveM the said ag- gregate sum mentioned in said promissory note then remaining unpaid, with interest acaued, artc! alt moneys setured hereby, shall become due and pay eble torthwith, w thereaiter, at the option of said MORTGAGEE, as fully and tompletely as if a~l of the said sums of money were originally s~~pulated to be paid o~ such day, anyithing in :a,d prom~sswy note or in this Mortgage to the contrary notwi~hstanding; and fhereupon w thereafter at the op~+or~ of sa:d MORTGAGEF, wirhout notlce or demand, suit at law o+ in eq~~ty, therefore or tF~ereatter begun, may be prosecwed as if all moneys secured hereby r.ad matured pr~or to ~ts institut~on. 7. Thet in the event that ai the beginning of or at any lime pend~ng any suit upon this Morlgage, w to fwedose it, o? to ~efwm it, or to tnforte paymen? of any daims he~evnder, said MORTGAGEF sbalt apply to the Court hav;ng jurisdk~~on thereof iw the appo~ntmeot of a Rece~ver, such Cour~ ahall forthwith appoinl a receiver oF said mortgaged propeny all and singutar, includ~ng ail and singular the income, proi~ts, iasves and revenues from whaterer source de~ived, each and every of Lvh~ch, it be~n~ expressty unders~ood, is hereby mo~rgaged as if spec~iicalJy ut fo~eh and dexiibed in the granting a~d habendum dauses hereof, and such Receiver shall have all the broad and effective f~nc~~ons and powers in anywise entrusted by a Courl fo a Receiver, end a:.ch appointment shall be made by such Courf as an adm;tted equity and a matter oi absolute right to said MORTGAGEE, a~ withouf reference to rhe adequacy or inadequacy ot the value of the prope.ty mortgaged or to ~he sowerxy or insolvency o( said MORTGAGOR or the defendants, and that such rems, profits, income, iisues and rever.ues shall be appieed 6y s~ch Receiver accord~ng to ~he lien w equity of said MORTGAGEE and the practice of such Court. 8. TO duty, p~omptty and fully perform, discharge, execute, ef{ec?, tomplete, comply wi~h end abide by each and every the stipufations, agreements, cond:tions and covensnts ~n sa~d promissay note and this mortgage set for~h. 9. That in the event the ownership of she mortgaged premises, or any part the~eof, hecomes vested in a person other tAan the MORTGAGOR, the MORTGAGEE, its succeuo.s and assigns, may, witka~t nonce to the ~StQRTGAOR, deal wEth such succeuor or wccessor in imeiest witb reference to this n,origage and the debt hereby secored in the same manner as with Mortgaga w~thout in a~y way vit~ating or d~scharg~ng the Mortgagors' liabiiity hert under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on Ihe part o( the RAORTGAGEf a its successors or aas:gns and no exrension of the t;me fw the paymenl of the debt hereby secured given by the MORTGAGEE or its successws or ass~gns, ,halt operate ro release, d~scharge, modify change or affect the original liability of the MORIGAGOR herein, either i~ whole a in part. 10. It is speuFicatly agreed that time is of the essence of this contract and lhat no waiver of any obl~gation hereunder or of the obligatan sr cvred hereby shatl at any t~me rhereaiter be held to be a waiver of ihe terms hereof or of the instr~ment secured herby. 11. In add~r;on to the foregc'ng month!y paymenn of pri~c'pal and inteiest reqvired by the prom;ssory note secured 6¢r~by, mortgagor covenanb and agrees to pay to mortgagee v.~th each monthiy pay~:~eni an add~rional sum esurrated by mor~gagee to be equal to 1~' 12 of the annual cost of the foflow- ~ng: A-Alf rea! property taxrs levied or assess~d 39di•73t fhe rbove described real estare. B-Premiums on f~re and windstorm insurar.ce as herein requ:red to be carried on the improvements situate on the above described premises. C-Premi~ms on svch m~rtgage guaranty ins~rar.ce as mo~tgagee shall from t[me to time deem fit to carry on the ~oan sewred hereby. Mortgagee sha;l from time to t~me nosify mortg;gor in wr~t~ng of 1he amount due and payable hereundrr and svch su:n shall there~port be dve a rayable on the due date of the next month:y payment and each successive month the.eaft_r ur,til mongagee shall notify mortgagor of a change in s a-~~ovnt. Such sums shail be appiied by mor!gagee toward the payment of real property tazes, insurance prem:ums, and mortgage guaranty iniu nce p•emiums- IN WITNESS YJHEREOF, the sa~d MORTGAGOR has hereunto set his hand and seal the day a ye~r first f esai , igned, $ealed and delivered in fhe preserxe of: L- ' ~ •n . Do J, McD "ald _ a~ _ , ~ ~ - Sandra J. Dona ld ~ai~ SiATE OF ORIDA ~ COUNTY OF $t . Lucie Before me personally appeared Don J. MeDonald a~ ' Sari(~Ya ~CDOi]alC] his wifq to me well known and known to me to be the individvsis desu;bed in and who executed the fwegoirg instrumenf, and acknowledged befwe me lhat they executed the same !or 1Fx purposes ' ehe.ein expressed. And rhe said Sandra .1. McDonald .~+?e of tF+e sa~d n .J. McDonald ~pon a seqqgpte~ and privat~ examination by me taken separate and apart fiom her said..}L~~nd, acknowledged to a~d before rrK that she executed said in~trumFnt free~y'iA~, vo{ufF tar~ly and w~thout any computsion, constraint, appre Tear of or f said husbartd. ~ ~ WITMfS$ my hanci and official seal this_ d of ' ...a D. i9_~ . ' ~ / ~ `'C ~~_T l.~Cl . ' Notary Public in and for the StatE~o~ fiori~s s+ larle _ My Comm~ssion eapires: ~ ~ ' - ' Return To= _ ~ - - first Fede~a! Savings b Loan Associat;on .Y ~ Of Fort P~erce. . ~ ~B 3~,~RGE,. ~Q Fwt Dierce. Florida L87~ .,:e 1:0. ~ ~ ~ ~ This Instrument Prepared By Gary F. Ellwood =T.IUC L COUMTr Ff0 ~ First Federal Savings 8 Loan Association AOCE~ ;u~TqAs ~A: of Fort Pierce , Florida RFCaR~ y~ ~'•~~~TCOUR~ F1FG~i Checked By,~~~ ~ ' u - .l 9 03 AH '73 3~;;X sb z~s ~.~~~~.E~ - - - - - - - _ _ ~ - ~ ~ ~ , ~ ~ ~ ~ - . .