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Home My WebLink About0806 3. To place and cont]nuousiy keep on the bui!d~ngs now on c~roaiter a~iuate on sa~d land and on all equ~p~nent and penonally cove~ed by this mortg- ege, with all premiu:~e lhereon pa•d- i~ fu~l, fire inswor,ce in the u:uat s~andard polity torm, in a som approved by the Ml7RiGAGEE, a:~d w~nds~oim ~nswance in fhe usual fldnd~rt) ppLcy (on», in a sum approved by the MORTGAGEE, in such company or compan,et as ~he MORIGAGEE may diretl; and all fire and wmds~orm insurance poGc~es on any oF sa~d b~Jd~ngs, any iMerest therein or pa~t thereof, in Ihe agg~ega~e sum aforesaid w in exce~s Ihereo/, sAait .ontain tha usuat sr~ndard ma tgagee ciavse or such othcr da~sr as ~he Mo~~gagee may req~~re, ma?ing the loss undrr sa~d poli- cies, each and every, payable to sa~d M~RtGAGEE as ~rs in~eres~ may appear, and each and eve~y such po~~cy shail be p~ompny ass g~~rd a~~d det~~erCd ~o any held by said MORiGAGEE as funher secwify ro safd mortgage debt, and, not tess than ten (10) days en ad~aoce oi the expi~af~on oi each pollcy, to de- Gve? to said MORIGAGEE a renewal thereof, toge~ha~ wi~h a rete~pl for the premium of tuth rene+val; and Iherp ahall bc no f~re or wi~~dsro~m insurante placed o~ any of said build~ngs, any infere:t there~n or part thereof, unless in the (orm and wi~h the loss payable ai aforesaid; and in the t~enf any s~m of mpney becomes payable under wch polity w poLcies se;d MORiGAGEE al~all have ~he oprion to ieceive a~~d apply the same on accoun~ of the indabt~d- ness seaned hereby or to permil sa+d MORTGAGORS to receive and uie it or any part th?rcul tor othcr purposrs, v,~inou~ ~h U~ v,abn i~ or u~~p.:u- ~ng a~y equ~ty, lien a rignt unde~ w by virtva of tAis moc'gage; and in the event sa%d MORTGAGORS shall fos any r~ason (ai) to keap the said premis_s so ~~sured, o~ fail to de~~ver promptly any of said policies of insurance to• sa~d MORTGAGEE, o~ fail promptly ro pay fuily any p~e~ni~m therefor or in a~y respect (ail to pmform, discharg~, execute, e(fect, complete, comply with and abide by thls cove~ant, or any pact hereot, said MURTGAGEE may place a~d pay fo~ such inwrance o~ any part thereo! withoul v~raiving w aff¢~ting any option, lien, equ~ty, o~ right under or by virfue of ~hit Mortgage, and the ~ f~ll a~nount of each and every such payment shall be immed~atefy due a~d payable and shall bear interes~ trom the date thereof unt~l paid a1 the rate of nine per centum per annwn and to~rther with such interest shali 'ue secured by !he lien ol this mortgsge. 1. To permit, tommit or sufi~r ~o waste, impairment or deferioration of said property p any part thereof. 5. To pay all and singular the co~~s, charges and expenses, including a reasonable attwney's fee and tosts of abs~racts of title, incur~ed o~ pa~d a1 any time by sa~d MOATGAGfE, because w in 1he eve~t of the failure o~ the part of the said MORTGAGOR to duly, pro~nptly and ful(y perform, d~uharge. >xecute, ettecl, compfete, comply w~th and ab:da by each and eve~y the slipuia~~ons, ngreements, conditions, and covenants of sa~d promissory nore and thi~ T,ortgsge a~y o? eiiher, ar,d sa~d cosrs, charges and expenses, each and every, shall be immediately due and payable; whether p ~ot there be notice da mand, attempt to collect or suit pend~ng; and the full amount of each and every such paymenf shaN bear interest f~om Ihr date thrreof until paid at the ..:re o~ nine per crntum ~,er an~~u:n; ond all said cosrs, charges and c-xpe~~ses intwred w paid, togelher w~th wth interest, shall be secured by the Sien of this morfgage. 6. That (a) in the event of any breach of this Mortgage or defaul? on the part of the MoRTGAGOR, or (b) in the event any of sa;d sums ol money herein ieferred to be not promptly and fulfy paid within thuty (30) days next after the same severalty become due and p~yable, wiihout demand o~ notice, o~ thr event each and every the stipulations, agreements, co~ditio~s and covenants ot sa.J prom~ssory note and th~s m.ortgage any or either are nol iuty, promptty and fuily performed, d:scharged, eaecuted, eftectrd, completed, compl~ed with and abided 5y, then in e~ther or any such event the sa~d ag• g~egate sum mentioned in said promissory note then remaining ~npaid, wirh inte~esi acuued, and a3: moneys secured hereby, shall becume due and pay able fo~thwith, or rhereafter, at the opt~on of said MORTGAGEE, as fully and compteiety as if all of ihe said 3~mS of money weae o~,ginaily st;pu~ated ~o be pa~d on such d~y, anything io sa.d promisswy note or i~ thia Mortgagr to the con~rary notwithstanding; and thereupon or thereafter at the opt~on o( sa:d MORTGAGEE, wi~hout norice w demand, suit at law w i~ equity, therefore w therealter begun, may be prosecuted as if alI moneys secured hereby nad matured pnor to ifs insritution. 7. Tha! in tF~e event that at the beg~nn~ng of or at any t~me pending any su~t upon this Mortgage, a to fweclose it, or to reform i~, or to enforce F~yment of any claims hereunder, said I~AORTGAGEE shal~ apply to the Courf havi~g ~u~~sd~cr,on thereof fw the appointment of a Receiver, such ~our~ shail rorthwith appoint a rece~ver of said morfgaged property a!1 and singu;ar, indud~ng ai! and smg~lai the income, proi~ts, issues and revenues (rom whate~e? seurce derived, each and every of wh~ch, it be~ng expressly understood, is hereby mortgaged as if speufically set forth and described in the granting and habendum clauses hereof, and such Recei.er shall have al1 the broad and effect~ve (unct,ons and powers in anywise entrusted by a Court ro a Recei~er, and s..ch appointment shall be made by such Court as an admittrd eq~ity and a matter of absolute right ro said MORTGAGEE, and without reference to the adequacy or inadeq~acy of the value of the prope:ty mortgaged or to ri~e so.vency or ;nso~vency of said f~IORiGAGOR or the defendants, and +hat s~ch renfs, proiits, income, iuues and revenoes shalt be applied by such Receiver accorduig to the lien or equity of said MORTGAGEE arrJ the procnce of such Court. 8. To duly, prompt!y and fuily perform, discharge, execute, effect, comptete, comply wilh and abide by each and every the stipulations, agreements, conditions and covenams m sa~d promissory note and th~s mortgage set forth. 9. That ir. the event the ownership of The mortgaged prem;ses, or any part thereof, becomes vested in a person other than the MORTGAGOR, the N,~RTGAGEE, its s~ccessors ar.d ass~gns, may, wirhout notice to the A10RTGAOR, deal with such successor w successw in interest with reference to this rr.o~tgage and the debt hereby secvred in the same manner as wiih Mortgagor w~tho~t in any way vitiating or d~scharging the ldortgagors' liab~ti?y herr ~nder or upon the debt hereby secured. No sale of the premises hereby n~ortgaged and no iarbearance on the pari of the IJIORTGAGEE or its successors or ass~gns and no extension of rhe nme ior the payment of the debt here6y sec~red given by the MORTGAGEE or its successws or auigns, shali operate ro release, dacharge, modify change or aftect the o~iginal Iiab,Lty of the MORTGAGOR herein, pithe~ in whole or in part. )0. !t is specificafly agreed that t~rne is of the essence of this contract and that no waive? of any obl~gation hereunder w of the obligation se- cvrad hereby shali at any time thereai~er be hefd to be a wa~ver of the terms hereof w of the instrument setured herby. ' 11. In add:t:o~ to rhe forego'ng month!y paymen~s of princ'pal and interest requ~red by the prom~ssory no'e secured hereby, mortgagor covenants and agrces ?o pay to mo:tgagee w~rh each monthly payr.:ent an add~rional sum es!~mated by mortgagee to be equal to 1; i2 of the annual cast of the tollow- ing: A-All real property taxes Icv~c~ or assessed ay3i•~st thc above desaihcd ral estate. B-PfCR.IWP.S on fire and vr~ndsto+m ~nsurac~e as herein requ~red to Ee ca~ricd on the improvemenM s~tuate on the above dssu~bed p~emises. C-P~er»iums on such mongage gua,anry ]r.svrance as martgagee shait frem t~me to time deem fit to carry on the loan secured hereby. Mortgagee sha!I from nme tc t~me notify morrgagor ~n writmg of the an,ou~t due and payable hertunder and such sum shaU thereupon be due and : 3yab~e on the due date of the next month;y payment and each s~ccessive month thereahcr ur,tit mortgagee shall notify mortgagor of a thange in such ~^cun~. Such sums sFail be appiied by mortgagae raNard the pa~ment of real property taxes, insurance prentiums, and mortgage guaranty insurance p~emiums. IN Y~ITNE55 WHEREOF, the sard ti10RTGAGOR has hereunto set his har.d and seal the day and year first afwesai 5igned, al a d deti red the presence of: i ` ~ Witnesses ~D~~-o . . c en on - , ~ w~~~ ;DED W. L. MCL (,.jL'NiY FtA. t~8n Witnesses a -:=4:` as ts~ap ' c` ' ~1LyC__ , '~O'...~- ~~~R dith B. McLendon ~~ai~ ~ .Tuaith B~~~~ndPs~..~- S?ATf OF FLORIDA aF St . ~u~z~ o~~ 3 5 4$ aH ~z3 26498'7 Before me peraanatly appaared W• I-• DicLendon , to me well known and known to me to be the individual described in and who executed the foregoing inslrument, and acknowledged before'me that he exec~ted the same Sor fhe purposea rherein expressed. A6iC]f~~Ya7aX " , ` }4~S~ic ~iXlpd ~~,~~~~~Wbi~ ?Gi4~?~~X~7 b~ - - ppC~ll~ieK~Sc2~c?k t~Xlc3baa~,~~XX~'~~~E ~~~+~G~+?~aF7{~ ~~'~v~~x~~ 1 - . ~ ~ . . . . WITNES$ my hand and offic~al seal this__ ~9~' dey of Se tecnber ~;A. p. 1~ ~3 ~ = . ~ STATE OF fLOR(OA - ' ~ ~ otary Public in and for the. Stafe O Hirids at large COUNTY OF ~ Sf'i • ~C~@ ~ My Commission expires: j~ 4 `J~o ' < Judith II. McLendon - - ~ - ~ Before me personally appeared - L - - ~..a~ ~ - " to me wel(.knc4Nr p~~anddc eVd ~1ie to be the individva' described in and who executed the foregoing instrument, and ecknowledged before me that Stlexecut~d, 11Se sSrtTe`~ .1b8 purposes therein expressed. Dfn7i~4Y?~a18-- _ ~~~i~ ~6~CY~ft~WA?E30~Q7i0N ~~~~~3~d~]Rx~E,u~C~c]G~CpGxK~i~~xc~&~laa ~m~tocsfcac~e~cac~baa~ice~x9cx~t~ic~scR~lc 7~1Y?CaR~fX~'lf7N1U['~CJE'9F9t9~'JQ'JOE9Q~'7!°?I~}P1t8L9k9C3~°JR~lC°JC f~'7~R'k~X°A'Jk'SCJ~'k~jE'~C ~ . ~ ~ WITNESS my hand and official seal this___~~ day of ~ A• D• 19 73 ` ~ . i ~ :1 ' : . This instrument pr~p~red by: . ' • . Notary Public in. Md for~tF~! Slate,~f: Hwi~~ at Large Richard ~C. Kayes My Comm~ss~on ei ~ ~'T'y~ First Federal Savings and Loan ~ ~ ~ Associat ion of Ft . Pierce Ft . Pierce FZa . F, i ``~~~'Rhf Tb ~ ~~t ; • ' ~ •st . ;+1N~a~ ~aa:~ s & ~_~~a~~ ; . ~ . B asic ~ ~r~rt ,',nrrN, F~ 8WK ~ ~iir~ _ - - ' . - - ` ~z _ . . . ~