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Home My WebLink About0094 3. To ptac~ end cont~nuousfy keep on ihe bu~'J~ngs now o~ hereafter ~;tuate on sa~d iand and on ali equ~pmem artd personally cove~ed by this mo~tg ~ge, w~Ih all premiums ~herron pa~d in fufl, fire i~suranca in the usuai s~axlard policy form, in • sum approved by the MOR~GAGEE, a~~d w~ndatorm ~nfu~iM! in tM uiuat srandard pot~cy iorm, in a i~m spp~ovsd by ~he 1kQRTGAGfE, in su<h company or con:;~antea as ~he MORTGAGEf may d~:ec+p and +U (i~s and w~nJsto~m insursnce pol~ues on any oi said bu~id~~ys, any interest ~herein or p~r~ thereol, i~ ~he aggreya~e ~um sforeiaid w in ~aces~ Ihereof, ihall tontain the uiual sianda~d mortga9re cia~ie or such o~her tlawe as the Moitgagee may requ~r~, maMinq ~he loss under se~d pole- c~es, each and evary, payabls to sa~d MORTGAGfE ai ~rs Fnreres~ may ippear, acd each and e~ery such potlcy~shall be prompNy ais gned and detivtred fo ~ny heW by said MORIGAGEE as (uriher security ~o said mortgage debL and, no~ leu tFan ten (10) d~yt ~n advance oi the e¦pirat~on of aach poi~cy, to de- Irver fo f+id MORTGAGEE a renewal ther~of, to9e~Mr with a reteipt tw 1M premium of tuch ~enewal; and theia alwll be no f~re or Winds~or~n insurance plated on ~ny of said build~ngs, any interest there~n w pa~t thereof, unless in the (orm and with the loss payabte as aFwesaid; and in the evenl any ium of rtqney becomea payaole ~nder such policy or poGcies said MORTGAGEE ihall have tho option w reteiva and sppty tha same on acccune o! fhe indrbted- ness socured hereby w ro permit sa~d MORTGAGORS to ?eceive and u3e it or a~y pa~t thercof fo~ o~hrr purpoart, v~i~hout th_~ru~ wa~ven~ or m,~sir- +~g any eq~iry, lien or right unde? o~ by virtue of this mo-egage; snd in the event sa~d MORTGAGORS shall fa any reason fail to keep the said premises so snsured, or fait fo deiiver pranptly any of said polKies ot insura~ce to sa~d MORTGAGfE, o~ fait piomplly to pay fulty any pre:n~.,m thereior or in a~y respect fail ro perFwm, discharge, e:ecure, effect, cort~plete, comply wiih and abide by this covenant, w any part hereof, said MORTGAGEE may plac? and pay (or such insurance w any part thereof without waiving w affecting any optioo, l;en, equity, o~ r~ght o...-'.er w by virtus of thi• Mwtgage, end the fuli amount ot ~ach a~d every such paymenf shafl be ;mmediately due and payable and shall bear interest from the date thereoF until psid at tha rate ol nine ~ser cM~um p~r annum ar,d to~ethcr wi~h such interest shall be src~red by the lien o1 this mwtgage. 4. To permil, tommit w suffer no waste, impairment or deterioration of said property or any paii thereof. 5. To pay all and iingula? the costs, charges and expense~, incfud~ng a reasonabte atfwney i fee and cosrs of abstracts of tirle, incurreJ or pa~d a~ any t7me by said MORIGAGfE, bccavie w in the eveN of the faiiure on tne parl of the said MORTGAC~OR to duly, promptly and fully perform, dbcharge. execute, effeu, complere, con,ply w~~h and ab:de by each and every the st~p~,la~~ons, agreements, conditions, and covenanrs ot said p~omissory note and th~s mortgage any or eithe?, a~d sa~d cosrs, charges and expe~ses, cach and every, shall be immediatety due and payable; whether or not there be not~te da mand, attempt to collect or suit pend~ng; and the fult amount of each and every such payment shall bear i~terest from the date thereof until paid at the r.~te of nine per cenWm per an~iurn; and all wid cos~s, cF~arges and expenies incurred or paid, royether wdh svch interesl, shall be saured by tt~e Iien of this matgMjO. . 6. Thst in the rvent of any breach of this Nbrtgage w default on ~he part of the MORTGAGOR, w(b) in the event any of satd sums of money herein referred to be not pranptly and tutly paid wi~hin thirty (30) days ne~~ afeer ~f~e same severatly become due arid payable, w;ihaur demand or norice. ~ or (c) in ~he eveni-exb and ~y~y !he stiputationt„_ ag[eeme~ls, condh~ons and covenants of sa~d promiswry nore and fh~s mortgage any or either a~e ~of july, prompNy ~nd iully pe~formed, J.scl~arged, executed, effeUed, compfeted, compl:rd w;~h and ao~ded Sy, Ihen in elther u a~y svch e,rcr+t the sa.d ag gregate sum mentioned in said promisswy nore fhen remaining unpaid, with inrerest accrued, and al{ moneys secured hereby, sfiali become due and pay- abfe fathwith, or thereafter, a1 the option of said MORiGAGEE, as (ully arc! complete~y as if all of the said suma of money were originaN~r st~pv:ated to be pa~d on such day, anything in sa:d prom~ssory note a in this Nbrtgage to the conrrary norwirhstanding; and fheseupon or thercafter at the optfon of sa;d MORTGAGEE, without notice a demand, suit at law or in equ~ty, ~herefore or thereafrer beg~n, may 6e prosecuted as if all moneys secured hereby nad matured pnor to ~ts institution. 7. That in the event that at ~he beginn~rg of or at any time pending ~ny su~t upon this Mwtgage, w to fweclose it, or to reform it, or to enfores payment ol any claims F+rreunder, uid MORTGAGEE shall apply to the Court having jwisd~u~o~ ~herrof for ~he appoi~tmem of a Receiver, such Coun shall Forrhwith appo~nt a receiver of said morlgaged property atl and singular, includ~ng atl and singutar ~he ir.come, p~of~~s, issues and revenues from whate~er source derived, each and every of which, it being expressly unde~sraod, is hereby mortgagrd as if speufically set fwth and desuibed in the granting ar+d habendum clauses hereof, and such Receiver shall have all the broad and efl~tive funct,ons and powers in anywise entrusted by a Cou~t to a Receiver, a~d s.,ch appoimmcnt shall be made by svch Court as an admitted equity and a matter of absoture right to said MORTGAGEE, and wifhout refe~ence to the ec'equacy a inadequacy of the vatue of the property mortgaged or Io the w;vency a~nsolvency of sa~d MORiGAGOR or the defendants, and that such rents, prof;ts, income, issues and revenuea shall be app~~ed by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the practice of such Cou?t. 8. To dvly, p~omptly and futly pe~form, d~scharge, execute, eiFed, complete, comply with and abide by each and every the stiputations, agreements, ~ conditions and covenanrs in sa~d promisswy nute and ~h;s mortgage set fwth. 9. ihat in the evertt the ownership of the mo~tgaged premises, or any part thereof, txcomes vested in a perspn other than the MORTGAGOR, the 1t'.ORTGAGEf, its successors and assigns, may, w~ihout norice to the btiORTGAOR, deal with such successw or successor in iMerest with refe~ence to thia ~ mo~tgage and the deb! hereby setured in the ~ame manner as with Mortgagor withoul in a~y way vitiating q d+xhargi~g fhe Mortgagori liability here- ; under a upon the debt hareby secured. No sale of the prem~ses hereby mo.tgaged and no forbeara~e on the pa~! of the MORTGAGEE or its successors or assigns and no exte~sion oF the time iw the pryment oS the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, ahall operate ro release, d~scharge, modify change u aifett the ori9ir.a1 liab~l~ty of the MORTCaAGOR herein, eilher in whoie or in part. t z 10. N is spec~fically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligation se- cured heteby shali at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. - 11. In add~uo~ to the forego'ng month?y paym~nts of princ'pal and interesr req~ired by the prom;ssory nore secured hereby, mortgagor ~ovenants and agrees to pay to mo:tgagee v~ith each momh:y payrnent an add~iional sum esrimated by mortgagee to be eq~al to i~ i2 of the annuat cost of the follow- ~ng: A-A!I real property taxes levied o! assessed agai~st tF~e a6ove desccibed real esrate_ B-Premiums on fire and windstorm insuracce as her=in req~;red to be tarried on the improveme~ts s~tuate on the above described premises. C-P~emiums on such mortgage guarar.ty ir.su~ar.ce as morrgagee shell from t~me to time deem fit to carry o~ the loan secured hereby, Mortgagce shaft from fime to time notify mortgagor i~ writing oi the amount due and payabfe herevnder and such sum shall thereupon !x dve and ;.ayable on the due date of the next month!y paymem and each svccessive moroh thereaft~r ur.til mortgagee shall nonfy mortgagor of a change in suth ~~~.ount. Such sums shail be appiied by morrgayee ~oward the payment of real property taxes, insurance prem:ums, and mortgage gua+anty insurance p ~emiums. , ~N WITNE55 WHEREOF, the said MORTGAGQR has hereunto set his hand and seal the day and ear first aforesaid. i ned, Sealed and li ered in the presence of: ~ ~~T ` ls2'/~'~~SeaO . _ _ . Rob!]C D C u (Sea~) ~ ~ (Seal) _ a~?nita P. McClena ~~,i~ STATE OF FLORIDA ~ - COUNTY OF St• Ljl~. @ ~ ~ Before me personally appeared Robert D. MCCZQ=l8fl~ and ~ Jua?nita P. MC:CZ~Ifa(jSU his wife, to me well known and known to me to be ' rhz individva:s described in and who executed the fwegoing instrumlM, and acknowledged before me that they exetuted the same for tF~e purposes rherein expressed. And the said J~~it~ p• MeClQnagan w~fe of tF+e said Robert MeCl~nagaan ~pon a separate and private examinat~on by me taken separate and apart from her said husband, acknowledged ro and before me that she executed said instrumeM freefy and vofvo- ra~~ty and w~thout any compulsion, constraint, apprehens;on, or fear of w from her said husband. WITNESS my hand'~~d offKU1 seal this day of ~9~t q, p, ~q 73 .,~.a1~~c~~l~ej~~` ::4:: ' ~ 1 7 • i _ : -~~~.'Y Notary Public in and for t State of Fbrida at large : ~ ~ ~ • My Commission expires: - ~ Ipt~ih+ do: = . • . F~nt "F~de~~$avings b Ltfan /~y~ciation -~~Q~ Fort P;ercp. - !lNary lvb6t. Sloli C~ 1'~o~d~ t•~M _ ~''Fort Pierc fjor~tl~ = My Gem~ission Expipf Ov. ~P ~t • q :~~1~ B 1;.~ ~ - Nnd.d by I?m.r~coo Fn ~ cuwu, c~a~. _ ~ ~ ~ c , ~ ~ C This l,isiir~ent Prepared By J• N, Roberts, Jr. ' f ~EC ANC RfCORDEO~ ~ First Fede~al Savings & laan Association j~ ~QC~ R(.p U~TY ` • of Fort Pierce ~ Florida ~ CLERK CtRCUIT C URt,~{~~ R-C4$[~ vEP~F~EO Y ~ Checked By ~ • o R A~ 1d !0 Z4 AM'l3 ~aoK ~28 P~~E 94 _ ~ = zsz4ss ' - - ~ ~ _ ~K-''_ ~ ~ r > ..._>;ra^-~ _..r. , i ~ S~'`*s~''~'.. ~