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Home My WebLink About1008 3. To place and conNnuoualy keep on the bu~:d~ngs ~ow o~ hsreafter ~ttue~e on sa~d iand and on ali equ~pr.,rnf and pe~sonally co~rred by ~hls ma~g- sys, wi~h sll prem~urns thercon pa;d in t~ll, lire ins~rance in thr usual atarv.iard policy fo~m, io s sum appro.ed by the MORfGAGEE, and w~ndstorm insuranc~ in the u~~~l ~+anda~d pol:ty fo~m, i~ • sum approved by the MORTGAGEE, in such tompany o~ tompan~ea as tAe MORTGAGEf may direct; and all fire and wlnJsrorm inswance pol+c~r~ on any o1 said bui~dingi, any interest fherein or part ~hereaf, in ~he aggreyete wm ~toresaid o~ in exceu Ihercof, shall coneain the viual slandard mw~gagee clause w such o~her ctause as the Mortgagee may requ~ro, ms?ing the loss under ia~d poli- cies, each and every, payable to sa~d MORTGAGEE a~ ~ts +nterest may appear, and es<h and every such pot;cy shall be prompriy sss gned and deGverrd to ~ny held by said MORiGAGEE as tunher se<urity to sa~d mortgage debt, and, not les~ than ~en (10) days In advance of the expirat~o~ of each pol~cy, to ds- liver to said MOR(GAGEE a renewal thereof, ~oge~he~ with a rece~pt fw the p~emium of such renewal; and ~here shal~ be no f~re or w~~~dsrorm insuronce placed on any of said build7ng~, any intereit therein w par~ thereof, vnlcss in the form a~~d w~th tM loss payabte as ataeseid; and in the evem any sum of mon~y btcwnes payable under su<h poli;y o~ pol;cies said MORTGAGEE shall have ~he oprion to recrive and apply the same on accounl of the indebtrd- neu secured hereby or fo permit sa~d MORTGAGORS to retrive and use it or any pa~t thercof }or on~+•r purposes, r.iihout th:•.u~ wa~~i ~g or ~~np~,ir- ing any equity, lien w right under or by virwe of this n,o:!gage; and in Ihe event sa~d MORTGAGORS shall fw any reason fail to keep the said prem~ses so inaured, pr (ail lo detiver pranptly any of said policiei of insursnce to aa~d MORiGAGEE, or fail promp~ly to pay (ulty a~y pre~ni~m the~etor o? in any ?espec~ fail ?o ~eiio~m, d~scba.ge, execute, effect, complere, comply wi~h and ablde by th~s covenant, a any pa.~ hareot, sa~d MORiGAGEE may piu~ a~~o psy iw suth insurance or a~y part thereof without waiving or afiecti~g any op~ion, lien, equ~ty, or right unde~ w by vir~~e of this Mortgage, and thc a..~!+..... ol .xh ..,d e~rarv :ucA navment shsN be immrdiafely due and psyable and shall bear interest from ~he da~e thereol until pa~d at ihe rate ot nine per ~emum per annum and to3rthrr with such inieres~ shall be secured by the lien ot tn~s mortgage. 4. To pe?mil, commit or su(te~ no waste, impairment a deterioration of said property w any part thereof. S. To pay all and singular ~he costs, charges and expenses, including a reasonable attwney's fee and costs of abst.acts of t~tle, incurred o~ paid at a~y time by said htORTGAGfE, becavse or in th~ event of the 1ailure on the part of tbe said MORTGA('iOR to duly, promptly and ~ully perfwm, dis~ha~ge. execute, e(1ett, cwnptae, compty with and ab:de by each and every ~he stip~lai+ons, agreements, conditiau, and covenanrs oi said p~anissory note and th~i mwtgage any w eithcr, and sa:d costs, charges and expenses, esch and every, shslt be immed~atriy dve and payabie; whe~her or nos tt,ere be notite de mand, attempt to cofited or suit pending; and the }vtl amovm of cach and every such payme~t tha11 besr in~er~si i~om Ihe dale thereOf u~til pald at the rate of n~ne per centum per annu:n; and aN said costs, charges and expenses incurred w paid, toyelher wnh such interest, shall be secured by tl~e lien oF Mu mortgags. • b. That {a) in the event of a~y breach of this Mortgage or defavlt o~ tM part of the MORTGAGOR, or (b) in the event any oi said tums of money herein referred lo be no1 promptly and fulty paid within thirty (30) days next after the same severally become due ar+d payable, without demand or notice, or (c) in ihe event each and every the sfipv.ations, agreements, tond;r;ons and covenants of sa,d promissory note a~x! th;s mortgage any a either are not ~uly, promptly and fully perfo~med, d~scharged, exec~ted, eifected, completed, complied with and abided ~iy, then in e~ther w any such event the sa~d ag- gregate aum mentioned in said promiasory note then remaining unpaid, with inte~est accrued, and atl moneys secured hereby, shall betome due and pay- able fwthwith, or thereafter, at the option oi said MORTGAGEE, as f~ily and comp:e~ely as i1 all of tR~e sai3 sums of money were or~ginaily stipulated to be pa~d on such day, anything in sa;d prom~ssory note or in th~s Mortgage to the contra~y notwithstanding; and thereupon or thereafter at the option of said MORTGAGEE, witFwur not~ce or de.nand, suit at !aw w in equ;ry, tF?erefore w thereafter begun, may be prosecuted as if all moneys setured hereby nad matu~ed pnor to ds instiwtion. 7. Iha1 in the event that at the 'tieginn;ng of a at any time pe~w~~g eny sv~t :,~,n :h:s Ata:tgayt, or !o f~etlese i!, or to reform it or to enforce paymenl of any ctaims hereunder, sa~d MORTGAGEE sha!! apply to the Gou~t having jurisd~a~on there~f 1or the appoiMment of a Receiver, auch Caurt shall forrhwith appoint a rece~ver of said murtgaged property aIl and singular, inciud,ng aIl and si,ig~iar the income, prof~ts, issues and revenues i~om whatever souice de~ived, each and every of which, it be~ng ezpress:y unders~ood, is hereby mortgaqed as if speufica7ly set (orth and deur+bed in tFx granting and habendum clauses hereof, an suc Recerver s au ave a t roa an e ecnve`fun~~:ons an powero m yw~ s.ch appuintment shall bc made by wch Cou:t as an admitted equity and a rratter of absolute ngM ro said MORTGAGEE, a~d without reference to the edequacy or inadequacy of thr valve of the property mo~tgaged o~ to the sa~ve~cy or insolvency of said MORiGAGOR a the defendants, and that such renrs, profits, incpne, issues and ~ever.ues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prachce of suth Court. 8. To duty, promptly and futly per[orm, discharge, execure, effett, comple?e, comply wilh and abide by each and every the stipuiations, agre¢ments, conditions and covenants in sa~d promisswy note and th~s mortgage set fath. ' 9. Thaf in the event the ownership oi the mortgaged prem~ses, or any pa:t thereof, becomes vested in a person other than the MORTGAGOR, the h~ORTGAGfE, its wccessas and assig~s, may, w;~hout notice to the A:ORiGAOR, deal wirh such successor or successor in interesr with refe~snce !o th;s mortgage and the debt hereby secur~ io the same manner as wish 6lortyagor without in any way vihating or d~scharging the Mongagors' tiability here- under or upon the debt hereby secu~ed. No aale o) tl~e p~emises hereby mortgaged and no forbea~ance on the part of the /AORTGAGEE or its successors or ass~gns and no eatension of the time fw the payment of the debt h~reby secured given by the MORTGAGEE or its succassas or ass~gns, ahall operate to release, d~xharge, modify thange or affect the aiiginal liab~I~ty of the MORiGAGOR herein, either in whole o~ in part. 10. It is speciiical7y ag.eed fhat time is of the essence of this contract and that no waive~ of any obti~at~on hereu~der or of the obligation sr cured horeby shali at any time rhereafrer be held !o be a waiver of the terms hereof w of the inst~ument secured herby. 11, In add,uo~ ro the forego ng mn~th!y paym=nts o! princ pal and interest requ~red by the prom;ssory ~~!e secured hereb~, mortgagor covenantt a~d agrees to pay to mo~tgagee v~ith each monthiy pa~rneM an adJ~rional sum esl~n:ated by mortgagee to be equal to 1; 12 of the ann~al cost of the (ollow- in7: A-Alt real property tazrs ~ei~ed or a:se:sed agai~st the above desvi5cd ieal esrate. B-Premiums on (~re and windstorm insurar.ce as F~ere;n requ~red to be carr:ed on the improveme~IS s~ruate on the above described premises. C-Premiu~ns on wth morty~ge guaranty insura~,ce as morrgaqee shail ~rom t~me to time deem fit to carry on the ~oan secured hereby_ Mlortgagee shail !rcm t~rne to ~ime notify mortgagcr in wrft~~g of the amou~t d~e and payable hereundrr and wch sum thatt thereupon be dve and r:~yabfe on the due date of t}~e next monthfy payment and each successive momh thereafter ur,til mortgagee shall notify mortgagot of a thange in such a~~,oum. Suth sums sFail !~e app':ied by mortgegee toward the payment of reaf property taxes, insuran~e p~em.ums, a~id mortgage guaranty insurante ~~remiums. IN Y~ITNESS WHEREOf, the sa~d MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. Signed, Sealed and delivered in the presence of: /A`^ c • 'l ^ J~~LG ~~Ll 1 _ sry Bertha Louise McClendon, ,~a~~ a single adult ~xa~~ ~ ! (Sesl) ~ STATE OF FIORIDA ~ ` St. Lucie ~ 1 ~ ouNnr oF ` Bertha Louise McClendon a sin le adult , Before me perwna{ly appeared f 9 ''r ~~j~, to me well known and known to me to be ; tFe individua~ described in and who exec~ted the foregoing instrument, and acknowtedged beFore me fhat~hey executed the same for the purposes i therein eapressed. ~al~dca~ ~ i a~t~1d~- ~f/R03'.f9il~~3t3.'3~ - - - . _ ~"~T ~eauii0sse~tl~aaeakasaipsst~and~ds¢oa~ls~ai:-slswlsJgsl~aaa~kis~aa~b~tahe~at~albtea~afllf(~~l! sx~~' ; siahtynr~~lti~~a~fl~~t*m~~?wrsm~~~t~r~~e~€s~r-~~'~~~d~ j WITNESS my harsd and ofFicial seal this_ Sth da teaber - A: D. 1913___ . ; ' Notary Publit in and for the i tler~f~ + i My Commission expires: _ :~,~Q : v - Retum To: . 1~ : _ First federal Savings 6 loan Associat;on O ~j.;. ~ ; n= Of Fort P~er e. N - Fort Pierce, flcri;la ~ :r.'Y,~Y'~~.•~~~~~~~~RGF I{'~ CO:~.« s~c!~,~~.~ ,i ~~'./~iO . ~.r,..-. , ~.'~~irt \Z€~' ~n~s I- '1 ~ ~ ~ 7S ~ } This Instrument Prepared By ~]p~ {a~ Cpllins ~~~E" AH~ :~ECORpED ~n . ~ First Federal Savings & Loan Association ST. IUC~c .,~upTr FL,~ ; of Fort Pierce ~ Florida R06F~ Pc~t7RAS ~ ClERK ~I~CUIT COURT RECbRq Yc~tc1E0 - Checked By ~ 6 12 zs PM 'Z3 as ~ goa~218 ~~~~1007 ~ _ _ - . ~ ~ . ~ ~ ~u~ _ - ~ a