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Home My WebLink About1889 3. To p~ate and continuously kcep on ?he bui!d~ngs ~ow w hercafter situate on said land and a+ alt cqu~pmen~ •nd pe.son+nr covered by ~his neoreg~ age, with aU premiums therea? pa~d in full, lire insurance in Ihs usual t~andard po~ity fwm, in ~ sum app~oved by the MORIGAGEE, and windstorm ~nsurae+cs in the usual ~unda.d pol~cy fo~m, in a sum approved by the MORTGAGEE, in such company o~ compan~es a~ ~he MORTGAGEE inay dired; ~nd all fire and winds~orm insu.ar+ce polic7es on any of said build~nys, ~ny intt~est the~ein w parl thereof, in tFw pgrepare :um ~faesaid or In exceti thereo(, ihall conlsin the usual srartdard mwtgagea clause w such o~F?er cl~~se ~s tht Malgagea may ~cqu~r~, ma\inp ths loss ~ndrr sa~d poli~ c7e~, esch and every, payable to ssid MORTGAGEE as ~ts interest may appea~, and each and every such pol~cy ihatl bs promp:~y »s.gned and detive~ed ~o any held by saFd MORiGAGEE ss fu~ther security to said matgsge debt, and, not leu tMn ten (10) days in advance of the e:p'uation of each policy, fo d~- liver to t+id MORTGAGEE + renewat rhereof, fogether wi~h • rece~pt iw ~he premium of sucF~ renewal; and there thal~ be no f~re o~ winos~orm inavranc~ pl~ced on ~ny of said buildings, ~ny interett therein w part thereol, unleu i~ tM fam and with tht loss paYabla as afaesaid; and in ~he event +ny sum of money becomes payable under such polity w pol~cioi said MORiGAGEE shall have ~he opt~on to receive and ~pply the same on +ccounl o( the indebfed- ness secu~ed hereby w ro permit safd MORTGAGORS to receive and os~ it or any par~ ~hereo( tor orher purposes, w;~hout thr•~b~ wa~~~~~g or ~mpd~r ing any equ~ty, I~m or righl ~nder w by virtw of this mo:sg~ge; and in the evenl said MORTGAGORS shall fa any raasa? tail to keep ~he a+~d p~em~srs so insured, w fail to deliver promptly ~ny of sa~d policies of insurance to sa~d MORTGAGEE, or fai! prompNy to pay (utly any premium therefw a in any respect fail ro p~r4oim, d~scha~ge, execute, eHect, complete, comp~y wi~h and abids by this cove~ant, or any pan hrreoi, ss~d MORTGAGEE may p~ace a~-d pay fw such in~urance or ~ny part thereof w~~hout waiving a affectin~ ~ny ap~an, lien, equ~ty, or rigFv u~de. w by virtue of ~his A~a~ga9e, snd the fv11 ~mount of each end every suth payment shall be imrnediafely dw and payable and shall bea~ inte~est from tF?e date thereo( until paid at the rat~ o~ ~ine per cenwm pe~ annum and to~ethe~ with such interest shali tx secured by the lie~ 01 thia mortgage. 4. To permit, commil or suffer no waste, impairment or deteriontion of uid prope+ty or aoy part lhereof. ' S. To pay all and singul~r the costs, cMrges and expenses, includin~ a reasonable attorney i fee and costs of abstracts of t~~le, incurred w pa~d at any time by said MORTGAGEE, becauu or in the event o1 the faiiure on the paA of ~he aaid MORTGAGOR to d~ly, promptly and fvlly pe~fwm, d~xha~ge, execute, ef(M, complete, comply with and ab:de by esch and every the stipulat~orn, agreeme~n, cond~tions, +nd covenants of said promiuwy note and thi~ ~ mortgags +ny w eiihe~, a~d sa~d cosn, charges a~d eapenses, each and eve~y, shatl be irrunediately due and payable; whetF~er oi no? there be r+ot~ce dc ! mand, attempt to collect or wit pend~ng; and the full amount of each and every such psymem shall bear ir~terest from ~he date thereot until paid at the ' rate of nine per centum per annum; and al! said tosts, charges and eapenses inturted w paid, together w~th such interest, shall be secured by ihe lien of thi~ mortgage• 6. That (a) in tM event of any breach of this N1.xtgsge or deTault on the part of the h10RTGAGOR, a(b) in the event +ny of said sums of money herein re~erred to be rwt prompHy and fully pa~d withi~ ~h~rty (30) days neat afiter the same se~eralty become due and payable, wiihout demand a notice, or (c) in tF?e event each and every the s~ipuiarions, egreements, condl~ions and coven~nrs of sa:d promissory no~e and th~s mo~tgage any p e~thc~ are not ~uly, promptly and lully perfwmed, d~scharged, executed, eifected, completed, complied w:th and abided 5y, then in either w any wch eveM the sa~d ag 9regste sum mentaned in said promissory note then rema~ning unpaid, with inrerest accrued, snd afl moneys secured hereby, shall become due and pay- able forthwith, or thereafter, at the option of said MORTGAGEE, as ~uliy and compkuly__as_if all of the said wms of money were or~g~n+l~y stipvlated to be pa~d on such day, any~hing in sa:d prom~sswy r+ote a in thia Mwtgage ~o the contrary notw~ths~anding; and thereupon o~ thereafte~ at ~he op~~o~ of ~ said MORTGAGEE, without notice or demand, suit at law o~ in equity, therefwe or thereafter begun, may be proucuted as if ~II moneys setured hereby t nad matured pnor to As i~stitution_ ` 7. That in 1he event that at the beginn;ng of or s1 sny time pending aay wit upon this Hlo+tgage, w to fweclose if, or to ~eiwm it, w to enfwce payment of any claims hereunde~, said MORTGAGEE shatl apply to the Court having jurisd~ctloe thereof fw the ~ppaMment of ~ Reteiver, such Court shall + fcrthwith appoint a receiver of aaid mwtgaged property atl and si~gutar, i~clud+ng all and singulu the income, profits, issues and revenues from wMtever so~rce derived, each and every of which, if be~ng expressty understood, is hereby mwtgaged as if speuficalty set fath and dew~bed in the ~ra~ting and habendum c+auses hereof, and such Receive~ shall have aIl the broad and eifep~ve func~.ons and powen in anywiu entrusted by a Cou?1 to a Receiver, a~d :~ch sppointment shall be made by such Cour1 as an admitted equity a~d a mauer of absolute nght to sa~d MORiGAGEE, and wit!~ou~ reference to the adequaty w inadequacy of the va!ue of the property morlgaged or ?o the wivency or insolvency of u~d MORTGAGOR a the defendants, artd that such renrs, profin, incort~t, issues and Tevenues shall be applied by such Receiver accord~ng to the lien w equity of said NIORTGAGEE and the practice of such ~ Court. 8_ To duly, promptly and fully perfwm, discharge, execute, eficct, complete, comply with and abide by ~ach and every the stipuiations, agreements, conditans and covenants ~n sa~d prom~ssory nore a~ this mwtgage xt fwth. . 9: That in the event the ownership of the mortgsged prem~ses, or any part thereof, becomes vcsted in s person other than the MORTGAGOR, the R',ORTGAGEE, i:s succeuws and ss:igns, may, withour notice to the MORTGAOR, deal w~th svch successw w successa in interest with refertnce to this mo~tgage and the debf hereby xcwed in the same man~ as with Mortgago~ w~thout in any way vitiating or d~uharging 1he Mortgagors tiability here- ur.der or upon the debt Mereby secured. No sale o( the premixs hrreby mortgaged and no forbeara~ce o~+ tFK part of the MORTGAGEE a its successon or assigns and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEE or its sucteuors. w assigns, ahall operate ro release, discharge, mod~fy change w affect the orig~nal liability of the MORiGAGOR herein, either i~ whole u in part. 10. It is speuf~cally agreed that t7me is of the essence of this contract ar~d that no waivN of any obl~garion hereunder or of the obligation se- cured hereby shall at any time thereafter be he:d to be a waive~ of tl~e terms hereof o~ of the instrumeM secured herby. 11. In add~tion to the fwego:ng monthty payments of prin~ psl and interest required by the p~omissory note secured hereb/, mortgagor covenants ~~,d agrees to pay to mortgagee w~th each momhly payment an add,rional sum es~~n-ated by mortgagee to be equai to 1; 12 of the annual cost of the (oflow- A-AU real property taxrs Ievied or assessed against fhc above descri5ed real esrate. B-Prem~ums on fire and windstorm inwrance as here~n requ:red to be carried on the improvemeats s~tuate on the above described premises. C-Premiums on svch mortgage guaranty insurar,~e as ma~tgagee shall frcm t me to time deem fit to carry on the ban secured hereby_ Matgagee shafl from t~m~ to t~me notify mortgagor in wr~t~r.g of the amou~t due a~d payabie hereundrr and such sum shalt thereupon be due and c.3yable on ehe due date of the ne:t monthiy paymeN and each successive momh thereaftEr ~r.til mortgagee shall ~wtiiy mo~tgagw of a change in such >^.ount. $uch sums sha:! be appiied by mortgagee toward the payment of real property taxes, insuraixe prem:~ms, and mortgage guara~ty inwtarKe • ~remium3. , IN Y~ITNESS YJHEREOF, the s~ MORTGAGOR has. he~eunto set his hand and seal the day and year first afwesaid_ ~ Signed, Seal de 'vered in t e presence of: , n , ~ n ~ 1 n ` Lela McCarty Die?ni 1 i _ (Sea~ F ~ - tc"'~ ~ (Seal) SiATE Of fLbitlDA ~ ~ cour~n oF ~/~r~(~~lt' i ~'fi ss' •rwi ' Befwe me personally appeared ~R18 McCartv D~niel t ~ityrifa to me wetl knowr and known to me to be the individva~j described- in ~nd who executed the foregoing instrurtxnt, and acknow:edged befwe me thal shey executed the same for the purposes ~ therein expres~ed.,,~~d.1~~~~ .~iSr~L I~~~~~ ~~.r~s+~ifww~ ~ e+re+hi~w' ` ~A~ le~w~'spsTtrerf?l?R~I~fifSbAffttll'1UItAlAltlyl~~fftdlfablfdllrfllEffldr"S'f~!'lkR~RQ'!!IR!'SfliflaMRfl1`fRll*fHd'VOte1P - rar ~ ~ ~ ~ wwMrww~~~Fww}3~.iu~-~f~.sr.n.l,e. .bad. - : ~ ~ ; W~T S~"rr~ i~in{yrfitial seal ihis ~ day of ~c Au :t A. D. 19 73 . s /~~A~/i~' - _ ' ' ~~r'-.~F . - ~ y~,`'~~ ~ S` ~ jc~~ ; ~ ~ "L- i).?'_ : z . : ~ r~_P. ~,;~g 1 V. - Notary Public in and fw th1 ~SZt.a~t-~f~Fj~i~ at Large ~ ~ u p ~ My Comm~uion expird: ) ~ ory c . ~y_ ~ ~ . o _ Rrw.r' ~ ; 3' • fir~QFi`deYaf. ~il,~an ,Association ~ •v f~J • . _ x: f~i.: ~ r,~ .?Terce. . ~ ~~;(2S/t'Pieite, florida • ` J < . • i ~ II~EO 1lMD REC011 t ~ , ~ This Instrument Prepared By JOhA W. Collins iT. WCIE COUNTY~ First Federal Savings 8 loan Association ROCER POITRA ~ ; ~ of Fort Pierce Florida C~EeR Cir.CWT COt11tT ~ . ~ ItECORD YERtF1ED ~ Checked By A~e 16 3 ss;PH'T3 ~ ~ ao~c~~ ~~g8~ 261593s F-'' ~ i ~ - - - ~ ,.~rh~~~,~~.~:_~_ _.._._,=w. .,,~3,~.~.:,.`"-~~~_-'~-~-~