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Home My WebLink About0088 9. To p~at~ and continuously keep on 1he bu~~dingi now w hereafter ~it~ate on said iand and o~ all equ~pment and perionally cove~ed by Ih~s mwlq- sg~, w~th all prem~umt thereon pa~d in tu~l, f~rc insu~snce in ~he usual sra~dard poticy 1orm, in a sum app+ored by ~he MOR(vAGEE, and winds~am ~nsuranc~ in ~hs utual ~randard pol~cy (orm, in ~ ium approvad by thp MORTGAGEE, in tuch compa~y or compsn~es as the MORTGAGEE may d~recls and +II fi~~ and windilorm in~urante {xr:ie~oi on arsy af sa~d b:ri!d:Rga, any inlsre~l therein Ot Diit iF~Cr~pl, in the aggre9are sum aioross;d w in excest Ihe?eo(, ~hali cw+tain the usuat s~sndard morrgagae clause a suth o~her clauu at the Mwtgagea may roqu~n, mak~n~ ino iou uixza+ sa~u cies, each ~nd every, payable to s~id MORTGAGEE as i~s inta~est may appea?, and each and eve~y wch policy ~hall be promptiy a~s gned and detiverrd to sny held by said MORfGAGEE ss tur~he~ aecurity lo uid mwtgage debt, and, not leu fhan ten (10) dayt In advaxe oi the eapiration ol each polity, to da liver to iaid MORTGAGEE a renewal ~hercof, fo9e~her wi~h a rece~pt fw tix premium of such ~enewal; and ~here shall be no f~re or w+nds~o~m inaura~e placed on ~~y of sa~d buildingi, iny interest there~n a part the~eof, unless in ~he torm and with Ih~ loss payabla as sfwesaid; and in the evenf any sum of money becanes payable und~v such polity o~ pol;cies sa;d MORTGAGEE shall hava the opt~on ro ~eceive and apply 1he ~mne or? accoun~ ol ~he indebted- ness secured here6y o~ 1o permit ~a~d MORTGAGORS lo ~eteive snd uas it or any part Iher~of for othrr purposes, v.uha~t ~h_n u~ wai+i~~3 or ~n~p.~ir- ~~g +~y equity, lie~ w right under w by virtue of this mor!gage; and in the eve~t wid MOJt1GAGORS shall for any reason fail to keep the said p~emiszs so iniured, or fai) 1o delive~ promptly any of said potities of insu~ante 1o said MORTGAGEF, o~ iail prompt~y to pay fvlfy any pre~~~i~m theretw o~ in any respect fail to pa~fwm, discharge, execute, effcct, complete, comply with and ebide by this tovensnt, o~ any psrt hereof, said MORIGAGEE may p~ate and pey fw such insu~ance or any part thereof without waiving or affetlirg any oplion, lien, eq~ity, or rigM unde? a by virlue oF this Ma~gage, ~nd the full amo~m of e~ch and eve?y such paymeM shall be immediately due and payable and shall brar imere~~ irom the date thereof uniil paid at ihe rata of nine per centum per annum and together ~n•ith such interest shall be secured by the lien of lAis mortgage. 1. To permit, tommir or suffer no waste, impairment w dtterioration of said property a any parf thereof. ~ 5. To psy a)I and singulsr the costs, charges and expenses, including a reasonable stlorney's fee and costs of abstracts of title, incurred or paid a~ any time by said MORTGAGfE, becavse w in the event of the failure on the part of the iaid MORTGAGOR to d~ly, promptly and iutly perlorm, d~uharga. ~xecuta, e(fec~, comptete, comply w~th and ab;de by each arrd every fhe stipula~~ons, sgreements, condi~ions, and covenants of said promissory note and this mor~gaye any M either, and uid costs, charges and expe~ses, each and every, shall be immediately due and payabte; whether o~ not there be ~oiice do- mand, attempt to toliect or suit pend:ng; arsd the full amourtt of tach and every such payment shall bea. interesl from Ihe date Ihereof umil paid at the ~~~e of nine per centum per annu:n; and aU said costs, chargea and expenses incwred or paid, together w~th such iNeresl, ihall be secured by the Gen Of thit mo~tyaqe. 6. Thst i~ ths eveM of any breach of this Morega~e or defau(t on tt~ part of the MOR7GAGOR, or (b) in the event sny oi aa~d iums of money herein rsferred to be not promptly and fully paid within thirty (30) days next ai~er Ihe same severs!!y becwne due and payabte, wilhoul tlr+nand or netice, or (c) in tl~e erent each and every ~he stiputations, agreemeNS, co~d~tioos and covenams of sa~d prom;swry reota and th~a mortgage a~y or e~ther are nof lufy, promptly ~nd ful~y pp~(o~med, d~scharged, executed, effected, compteted, complied with and abided Sy, then in e~the~ or any such evenl the said ag gregate wm mentioned in said prpmisswy note then remaining unpaid, with interesf accrued, and a!1 monzys secured hereby, shall become due and pay- abl~ forthwith, w thereafter, a1 the oprion of said MORTGAGEE, as fully and compterety as i( alt of ehe said sums of money were wiginsily st~puisted to be p~id on sueh day, anything in sa~d p:omissory note or in this Mwtgage to the contrary notwi~hstand~ng; and thereupon w thereafter af the opt~on of iaid MpRTGAGEE, without notice w demand, suit at law w in equ~ty, therefwe or thereafter begun, may be prosecuted as if all moneys secured hereby ~ had rt?afured prip to its ins?i~ution. r ~ 7. That in tl~e event that at the beginnirx~ oi w at any time pending any suit upon this Mortgage, or ro fweclose if, or ro reform it, w to enforce ` payment of any claims he.eunder, sa~d MORTGAGEE shall apply to the Court hav~ng jurisd~cGon thereof for the appofntment of a Receiver, such Court shall ~ forthwith appoinf a receiver of said mortgeged properfy a!I and singula~, includ~ng all and s;ngular the income, profits, issues and revenues from whatever source derived, each and every oi whith, it being expressty understood, is hereby morlgaged as if specifically sct forth and deauibed in the proming a~d habrndum tlavses hereof, and svch Receive~ shall have all the b~oad a~d effect]ve fund~ons and ~e.: in anywise ent~usted by s Co~rf to a Reteiv~r, and such appointment shall be made by such Cour1 as sn admitted equ~ty and a matter of absoluro right to wid MORTGAGEE, ar.d without reference to tne adzquacy or inadequacy of the value of the property mongayed or to the sotvency or insolvency of said MORiGAGOR a the defendants, and thar such renrs, profits, income, issues and revenues shaN be apptied by such Receive~ according to the lien w equity of said MORTGAGEE and the practice ot such Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complefe, comp~y with and aF.ide by each and every the stiputations, sgreementi, conditiora and cavenants ~n sa~d promisswy nere and this mortgage ser fwth. 9. That in the event the ownership of the moi?gaged premises, or any psrt Ihereof, becomes vested in a person othe~ than the MORTGAGOR, the MORiGACaEE, its successors and assigns, may, without notice to the MORTGAOR, dea~ with such succeuw a wccessor in interest with reference to this mortgsge and the debt hereby secured in the same manner as with Mlortga9or without in any way vitiaf;ng a d~xhaig;ng tbe Morsgdgori liabitity herr under or upon the debt hereby secured. No sale of the premisea hereby mortgaged and no forbearance on the part of the MORTGAGEE or its suctessws o* assigns and no ex~ens~on of it.e t~~~~e {ar the paymen~ o! th.e debt here6y srcured g~ve~ hy tF~e MORTGAGEE or its success«s w assigns, shaN operate ro release, d~scharge, modify cha~ge a affect the orig;nal l;ab;{~ty of the MORiGAGOR herein, e~ther in whole or in part. 10. It is speufically ag.eed that time is of the easence of this contrad and that no waiver of any obfigation hereunder or of the oblgation se- cured here6y ahall at any time thereafter be held to be a waiver of the terms hereof a of the instrument secured herby. 11. In add~rio~ to the fwego:ng monthty paym=nts of princ pal and i~~erest required by the prom~ssory rrore secured hereby, mortgagor covenants ard agrees to pay to mor~gagee vvith eath monthly payioent an addirional sum est~mated by morlgagee to be equal to 12 of the annual cost of the follow- i rnJ: A-All real property taxes leoied or assessed against thc above described real estate. z B-Premi~ms on fire and windstorm Snw~ar:cr aa i~r~r~n . ti~:.~ ~,,::.c~ ~ ~~~~+afe on the- above described premises. C-Premiums on sv<h mortgage'guaranly insurar,ce as mo+tgagee shall from t~me to time deem fit to cariy on the Ioan secured hereby. AAortgagee shail from time to time notify mortgagor in writing of the amount due and payable hereunder and such surn :hall thereuppn be dve and ~.ayable on the due date of ~ne next month:y payment and each successire month thereafter urtif mortgagee shal! notify morrgagor of a thange in sucb a~*ount. S„~.`, sums sha:l be apptied by mortgagee toward the payme~t of real property ta:es, insurance prem:ums, and mortgage guaranty insurarxe premivms. IN Y~1IPJESS WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and..year first aforesaid. , Signed, Seated~an de ' in the~resence of: ~ ~j~ ~ / L sn _ ~!2_y - Blm I . McGee a~ - ~ Seaq WiZma McGee ,~,n ~ S i STATE OF FLORl~A ~ i CCUNTY OF St . Lucie Before me personaily appeared Elmer I.. MC~@ and ' W111IId MCGee ? his wife, to me well known and known to nx to be ~ the individuals described in and who executed the fwegoing instrument, and acknowledged beEore me that they exetut~ the same fot ~he purposes tnerein expressed. And the said W1~ma ~C~e w~re or ,~~d _ Elmer L. McGee ~~{~+~++~/l,"~ ~ ~D~t 8 slp~~a~?; jild ptivate z examination by me take~ separate and apart from hei said band, atkrawledged to and before me tbat she exetuted sai~~r~tAr»eht'fe~y_~j voluo- rariiy and without any compulsion, co~straint, appre r of or fr id husband. ••••••..~fr~. '~j~ WITNE55 my hand and offic:al seal this- y of - : t . K _ ~ i Notary Public in end for the~t~je•of 1~{c~ at,i~rpe= W STATE oF F1..0 ~ tD My Commiuion ~xp~.~: : h' DOCUMENTARY,~~::t.STAMP TA> I _ t,~~:qlt S~t.~E Q.~' t~`~: i ~'~(pi l: O~C ' ~~~t i DEP1 QF REYEN1tE , r,~-±G~ ~ T . '!~?Il..• - ,~rt> z~y~(' t ir' c0 ~ n" f. i~ • • ~ fli w I...iS 1+~l~~~ ~71:~1~ = p~= :idr?i'T~ ~ 3 • ~ ~c.~.. . ~M~lHM1tit1~ti w+ - { ~ fIM7 ~w . ~a~1 This lnstrument Prepared By JOhn W. CO11 ~nS /L,!~Q A~Q 0~~ First Federa) Savin s 8~ Loan Association f~~ ~VQ~E ~ ot Fort Pierce Rlorida RoR~K POI; ~1 ~ ~ o~~P~ c~;~GUtT OOIIR Rec~FC+vtP,~itu 262452 Checked By a t0 01 0 R BOQlc ~~8 PaGE ~ ° js ~ ~u . - ~ ~ - ~ ~