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Home My WebLink About0296 3. To place and conlinuouity keep a+ the bui;d~ngs now or herrafrer ~~tuale on said land and on ali equipment and pertonalfy covered by this mwtg~ ege, with all premiumt Ihereon pa~d i~ full, irte insurance in the usual standard poticy (wm, in • sum ap{xo+ed by the h10RIGAGEE, and winds?orm insurance in the ~sual srandard pol~cy torm, in a s~m spproved by the MORTGAGEE, in such company w companies as ~h~ MORTGAGEE may direu; and all tire a~d wlnds~orm i~s~rance pol~cles on any of taid buitd~nfls, ~ny ime~e~t therein w ps~t theteof, in ~hs a9g~egsre sum a~o~etaid or In extess thereoi, shall contain the usual ssandard mwtgayee clauss o~ such ofhea tlauss as 1M 11Aa?gages may requ~re, makin~ the iosa under sa~d poli~ uas, each and every, psyabte to sa~d A~10RTGAGEE as i~s intares~ may appear, e~+d each and every ~uch po~~cy s~~all be cromptly ass gned and delivered ~o any held by said MORiGAGEE as fur~her security to w~d matgage debt, a~d, not less ~Mn ~en (t0) days in adyarxe of rhe exp;rsiion of each pol~cy, ~o da Iiver ro taid MORiGAGEE a ~enewal thereof, togeiF~ wilh a rete~pl fw Ihe prem~um of ~uth renewalj and Ihere sholl be no fire or windstorm insuranc~ plsced on any of said buildings, any inte~est tFxre~n or parl tFureof, unlssa in tha form and with tFu losa payabl~ a~ afaeuid; end in the event any •u~r+ of money becomes payable under s~ch poticy w policies said MORTGAGEE shaU have the option to receive and apply the same on account of tha inciabted- ness secu~ed hereby ot 10 petmit said MORTGAGORS ro receive and use it w any part tAereof f0~ o2iicr purposes, v.~~houl th,r~ u/ waiving o~ ~n~pai~- ing any equity, lien w right u~der or. by virtue of this mo:!gage; ~nd in the event ~aid MORTGAGORS shall tw any reason fail to keep the said premises so insu+ed, a fail to deliver promptly ~ny of said polides of iniurance to said MORTGAGEE, or tail promptty to pay fuify any p~e~nium therefw or in a~y respect fail to perform, d~scharge, execute, eifec~, complete, comply with ar+d abide by thit covenant, a any part hercol, sa~d MORTGAGEE may place and pay fw tvch insurance o~ sny part thereof without waiving a aiirc~ing any optio~, (i~n, equity, w r~ght under or by virtue of ihis Mortgage, and the full amount oi each and every such payment shall be ~mmediately dve and payable +nd shall bear interes~ from the date thereof until paid at the rate oi nine per tentwn per annum and together with such interest shall tx secured by fhe lie~ o/ thi~ mptgage. 1. To permit, commit p sufier no waste, impa?rmenf w detr~o~ation of aaid property ot any part thereof. S. To pay all and singular the cost~, charges and expenus, including a reasonable atto~ney i fee and costs of abs~racts of title, incurred o~ paid at any time by uid ti~ORTGAGEE, because w in the event of ~he failure o~ the part o( the said MORTGAGOR to d~ty, promptly snd futly perfwm, d~scharge. execute, effed, complete, comply w~th and ab;de by each and every the sripulationa, ayreemenes, conditions, and covenants of said promiiwry note and this mortgage any o~ e~thor, and said costs, charges and expensea, each and every, shall be immediatety due and payable; whether or ~ot there be notice de mand, attempt to colkct or iuit pend~ng; and the full amount of each and every such paymem shatl bear i~terest from Ihe date thereo! until paid at the rate o1 nine per cenrum ~er an+~u:n; and aU said costs, charges and expenses incurred or paid, together w~th such interesl, ihall be secured by the lien of this mortgsge. 6. That (a) in the eve~t of any breach of this Mortgage or de~ault on the part of the MORTGAGOR, w(b) in the event eny oF said svms of money herein referred to be not promptly and tully paid wi~hin tF~:rty (30) d~ys nexl after the same severa~~y become due and payable, without demsnd or notice, or (c) in the event each and every the s~ipulaTions, agreements, cand~tions and covenanq o! sa:d p~omissory note and th~s mortgage any w e~the~ are not ~uly, promptty and fully performed, d~scha~ged, executed, eftecred, compteted, compl~ed w+~h and abided Sy, then in either or any svch event ~he said ag~ gregate surt: mentioned in said promisswy rwte then remaining unpaid, with imerest acuued, and alt moneys secured hereby, shall become due and pay- able fo~Ihwith, or thereafter, at tha op~~on of said (r10RTGAGEE, as fully and comptetety as if all of the said sums of maney we~e d~ginslly st~pulated ro be pald on such day, anything in sa;d p,om~ssory note o~ in this Mwtgage to the contrary notwithstand~ng; and ~hereupon or thereafte~ at the op~~on of said MORTGAGEE, without notice or demand, s~it at law w in equity, therefwe or thereafter begun, may be prosecuted as if all moneys secured Ixreby nad matured pr~or to its institvtioo. 7. That in the event that at the beginneng of u at any time pending any s~it upon this Mortgage, o? to foreclose it, or to rcform i~, o? to enforce payment of sny claims he.eunder, said MORTGAGEE shall apply to the Court having jurisd~ction thereof fw the appointment of a Receivtr, such Court shafl iorthwith appoint a receive? of said mortgaged propeAy alt and singufar, inctud~ng a!1 and singular the intome, p?ofits, issues and revenues from whateve~ source derived, each and every of wh~ch, it be~ng expressty understood, is hereby mor~gaged as if speufically xt iorth and dexribed in the gran~ing and . habendum clauus hereof, and suth Receiver shall have alt the Iuoad and effective funchons and powers in anywise entrusted by a Covrf to a Receiv~r, and s~ch appointme~r shall be made by such Cowf as an admined equity and a matter of absolute right to said MORTGAGEE, and without referente to the adequacy or inadequacy oi the value of the property mortgaged or to tF.~ sotvency or in:olvency of said MORiGAGOR or the defendants, a~+d that auch renfs, profiu, income, issves and revenues shail be applied by such Receiver accord~ag to the l;en or equ~ty of sald MORiGAGEE and the practice of such - Court. 8. To dufy, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the slipulatioos, ag~eements, cer.ditions and covenants ~n sa~d promisswy note and th;s m~rtgage set fath. 9_ That i~ the e~ent the ownership of the morrgaged p~em~ses, a any part the~eof, becomes vested in a person other than the MORTGAGOR, the ti!ORTGAGEE, ifs successors and ass~gns, may, wi~hout notice to the MORTGAOR, deai with such succeua or successw in interest with reterence to thia mortgage and fhe debt hereby secured io the ssme manner as with Mongagor without in any way vitiati~g or dizchargirg the Mortgagors' liability Fferr under o~ upoo the debt hereby secured. IVO sa!e of ~he premises hereby mortgaged and no (orbearance on the part of the MORTGAGEE w its succeuors or assigns and no extension of the time for the payment of the debf hereby secured given by the MORTGAGEE or its sutcessors or auigns, aiwfi operate ro re~ease, discharge, mod~iy change or affect rhe original liabilify oI the M.ORIGAGOR herein, either in whola or in part. t0. It is spec~fically agreed that timt ia of the essence of this contract and tha! no waive~ oi any o6ligation hereunder w of the oblgation st cured hereby shall at any time thereafter be he~d to be a waiver of the terms hereoi a of the instrument secured he~by. 11. In add:t~o~ to the forego:ng monthly payments of princ'pal and interest required by the promisso~y nore s¢cured hereby, mortgagor covena~ts and agrees to pay to mo:tgagee rvith each monthly payr.~enf an add~rional svm esnmated by matgagee to be equal to 1/12 of the an~ual cost of the follow- ~ng: - A-All rea! property taxes levied ar asses:ed agai~st th~ above described real estate. B-Prem~ums on Lre and wirdsto+m ~nsurarce as here~n requ:red to be carried on the improveme:~ts s~tuate o~ the above desaibed p~em~ses. C-Premiums on such mortgage guaranty ir.sura~.ce as mortgagee sha!{ from 1,me to time deem {it to tarry on the loan setured hereby. Moifqagee shall from time to t~me norify morrgagor in writ~ng of the amount due and payabte hereunder and such sum shall thereupon be due and F.ayable on th~ due date of the next monthty paymem and each suctessive mon+h thereafter ur.tii mortgagee shall notify mortgagor of a change in such a^,ount. Such sums sFail be app!ied by mortgagee roward the paymeni of real property taxes, insurance prem:ums, and mortgage guaranfy insurance p'emiums. IN WITNE55 WHEREOF, fhe said MORTGAGOR has hereunto set his hand and seal the day and year firsf afwesaid. Sig~d, Seaied and detiveced in the presence of: _ ~ / ~ , v 4 a c~.v~ _ ~ Sean E STATE OF FIORIDA i COUNTY OF St. Zd2C1e + ~ I ~ Before me rsonall a ared John E. € a y Ppe MCLeOd and t ` Nancv L. McLeod his wife, to me well known and known to me to be i she individuais deuribed in and who executed the fwegoing instrument, and acknowledged before me that they exKUted the same fw the purp~es ~ therein expressed. And the said ~I1CY ri. MC~OC~ t ~~fe of the :a~d John E MC~OC~ uFon:a~~ and pf'~wte ~ examinatlon by me taAen separate and apart irom her said husband, acknowSedged to and befwe me tFwt sF?e exetuted said irisT~~ ftil~i~ ~d•lvotvo- is ~ rar~ly and w~thout any compulsion, tcns•raint, a . , . PPrehens~on, w fear of or from her said h band. `~,~••~F-.t r~ WITNESS my hand and offic~ai seal this day of " L-~ q, p;~~~. -~r y . • i N ry Public in and. for tF1s Stafe ' FlLride a. : ° Gommiuion expi~es: _ ' - • : r Retom 10: ;90TAtSf Fl1B.tC:"1TAT~of FRiRIDA:ait !AR(~ ' First Federal Savings S loan Associat~on A~~~~ !1~Y C(~.'M1~~`+$,,r,?~~~F~~~~E~~79~-29T5 ; Of Fort P.erce. ti '~o~aep ~;wG~r;t,nr+a, ri.;.., F • ~ U.n6ery'ri2era. Fort Pierce. Ftorida . . _ ' . ` ~ ~ F11E0 ~?H= uE~+~RDED • ' ~ ~ ° ST.L11Cif ~JUNTII FLA. . ; RGC r" ~AS ' This Instrument Prepared By J. H. RObe ~~r ~'U1T COU~_ First Federal Savings 8~ Loan Association ~ of Forr P~erce , Florida 3~9 ~~'~3 .fi = Checked ey i'~' ' ~u ; f~"" ; ^ • L3f.? ' .~'<<~~ ~ t:~'.~ ~ + . . ~ - - - _ ' . - ~ . . - ~ _ _..~'v