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Home My WebLink About1690 3. To p!ace ant~ cor,ti~ucvs~y ketp on tne b~~'J~ngs now w hrrrafrar s~tuate on sa~d lertd and on al~ eqviNmant a~~d neroonally co+errd by this mor~g- ags, wirh all premi~ms tl~rreon Na.d in full, Lr~ ins~ro~ice m ~he usuai s~ondard po;~cy io~m, in a sum aFproYed by thc MVR~ii%.G~E, and w~~,dsronn insuronce in the utual standard poLcy iorm, in a sum approved by the MORiGAGEf, +n tuch company ~r cumpan~es as the NtORTGAGEE may d;rect; and all fire and w~nJiiorm insurar.cr pol~ues o~ any o1 sa~d build~rgs, any interes~ therein o~ pa~t fherrof, in the aggrega+e su~n afo~eaaid or in excess thrreof, shatl conta~n the usual star~Jud mortga~ee clause w such mher clause as the Mor~gagee may ieqwro, mak~ng the +oss undr ~a~d polr cies, each and every, payab!e to sa;d h1JRTGAGEf as ~i~ inteiest may appear, a+~d etch and eve~y such po.~cy ihall 1~ pro~nptly ass 9~~rd ond de:~vcr~~d ~o any held by said MOR(GAGEE as turiher security to said mortga~e debt, and, not leu than ten (10) days in advance of ihe eapirat~o~ oi each policy, fo de- , liver to said MORTGAGEE a renewal ~hereof, together wiih a~eceipt fo~ the premium o! such renewal; and thrre shall be no f~re o~ w~ndvwm insurance • placed on any of said buitd~ngs, any~inreresl therein or parl fhereof, unlrss in the form and with the loss payable as afo~esaid; a~d in ~he c~en1 any sum ~ of money brcomea payable undcr s~th policy or pol~cies saiJ MORTGAGEE sfiafl have ~he api;on to recrive and appty the sarne on accounl nf the ind~bted- rtess secured hrreb w ro ~mit sa'~d MORTGAGORS to receive and use it or an H ~ t ~h .ti~~.~•~~ or ~~~~p,.,~• ~ Y ix V P~rf the:eof Scr Oti~cr ur .oars. w,ti,.;u ing any equ~ty, l~en w right under or by virtue of thi~ mo:'9age; and in the eve~t sa.d MORTGAGORS shaq to~ any reason fail to k~ep ~he said prernis_s so ' insured, or :ail to deliver promptty iny of sa~d pofities of insurance to sa~d MORTGAGFE, or I~il prompfiy ?o pay 1u;ly any pre~~~w~n there+or o~ in any rospect fai~ ~o pe~fwm, dfscharge, execute. eifect, complNr, compty with and abide by ~his covenan~, or any part hcreof, se~d MGRTGAGEE may p~ace and pay fw such in~urance or any part ihereof without waiving w affecting any option, tien, equ~ty, or ri~ht under or by vir~ue o! this hlortg,~ge, a~d the full amounr ot each and evcry such paymero shall be ~mmed~ately due and payable and shall bear interes~ from ~he date ihereof until paid at ~he rafe of n:ne per tent~m pe~ annum aRd to~rther w~th such interest shaH be secured by Ihe lien Of Ihis mortgage. t_ 1. To permil, cornmit or sulfer ~w waste, impairment or deterioration of said property or any part thereof. S. To pay all and singvlar tht costs, charges and expenses, incfuding a reasonoble attorney'a fee and costs o( abstracts of title, incurred or paid at , nny time by sa~d MORiGAG:E, because or in the event of the i~~lure on the part of the said MORTGAGOR to duiy, prompdy and fully perform, d~sch~rge exxute, etfec~, completr, compty wuh and ab:de by each and every the stipu!a~~ons, agreements, condinons, and covenants of sa~d prornissory note and th~s mortgage any or eirAer, and sa;d cos+~, charges and expenses, each and eve~y, shall be immed~ately due and payable; whether w not the:e be norice da mand, atternpt to co:lect or suit pend~ng; and the full amount of each and every such payment shall bear intpres~ from the dare thereof until pa;d at fhe ra~c of n;ne per centum per aonu:n; an~ aif s~id cosu, cF.arges and ez;;enses incvrred or paid, together w~th such inteJest, shall be secured by tpe lien oi Ih;s mort90ge. 6. That (a) in the event of any breach ot this Mo+tgage or de(ault on the part of 1he MORTGAGOR, w(b) in the event any of sa:d sums of money herein referred to be not promptly and fully paid within tb,rty (30) days next aiter the san~e severa7ty become due and payable, without demand or notice, or (c) in tba evmt each and every the stiputations, agreemems, conditions and covenants of aa.d promissory note and th~s mortgage any or e~ther are not iuly, promptly and fulty performed, d:schargzd, executed, effected, completed, compl~ed with and ab~ded Sy, then in e~ther or any such event the sa~d ag gr~~gate sum menrioned in said promissory note then ~emaining unpaid, with interest atcrued, and all moneys secured hereby, aha~l becume d~e and pay ab:e forthwith, or thereafter, at the option ot said MORTGAGFE, as fu{ly and canp!efely as if all of the said surns of money were ongi~a~ty sripu:ated to be pa~d on such day, anything in sa:d prom~ssory note or in this Matgage ~o the contrary rtotwehsfand~ny; a:id the~eupon or thereafter at the op~~on of :a;d MORiGAGEE, without not~ce or demand, suit at law or in equity, there(ore or thereafter begun, may be prosecuted ss if atl moneys secured hereby n~d matured pnw to ~ts inst~tut~on_ 7. That in 1he event that at the beginn~ng of u at any time pending any suit upon th~s Mortgage, or to foreciose it, or fo refo~m it, or to enfor~e paymenr of any daims hereut~def, sa~d AlORTGAGEE sha.l appty to the Court having jurisd:ction thereof fo~ the appo~ntment of a Rece~ver, such ~ourt sha11 io:thwifh appoim a rece:ver of said mortgaged proper~y all and singular, inctud~ng atl and s~ngular the income, profns, iisues artd revenues from whatever s, urce derived, each and every of whkh, it be~nq expressty undersrood, is 6ereby mortgaged as if speuficafty set fonh and descr~bed in the gransing and hacendum cla~ses hrreof, and such Receiver shal{ have all the broad and efiective funci.c~~s and powers in anywise entrusted by a Cou~t to a Receiver, and s_ch appointme~~t shalt be made by wch Court as an ad~nittrd equ~ty and a matter of absotute rrght to seid h10RTGAGEE, and w~ihe~? reference to the adequacy or inadequacy of the value of the property mo+rgaged or 1o the so.vrncy or i~~solvency of sa:d MORiGAGOR or the de'.endants, a~d that such re~~s, profas, income, issues and revenuea shali be applied by such Recaive~ accord~ng to the lien or equity of said ~RORTGAGEE and the pracnce of such Court. 8. To du1y, promptly and Fully perform, discharge,,execute, effect, complete, comply with and abide by each and every the stipu~ations, agrcements, ;cnditions and covenants ~n sa~d prom;ssory note and th;s mortgage set forth. 9. That in the event ?he ownersh~p of the mortgaged premises, or any part ther¢of, becomes vested in a person other than the MOR7GAGOR, rhe r'.~RTGAGEE, irs svccessors and asvgns, may, w;thout nouce to the V~ORSGA~R, deal w~th wch svccessor c: svccessor in interest w~th reference to tfiis n ortgage ar.d the debt hereby secured in the same manner as w~,h Ntortgagor w~thout in any way vit~ating or dacharg~ng the Mortgagori liabitny here- ~nde~ or upon the debt hrreby secured. No sate of ~he premises h~~reby mo~tgaged and no forbearance on 1he pai~ of the I110RiGAGEE or its wccessors or assigns and no extension o! ~he hme for the payment of the de6t hereby secured given by Ihe MGRTGAGEE or its successws or ass'gns, al~atl opera~e ro release, d~scharge, mod~fy change or afFect the o~ig~nal IiabiGty of ~he AM1ORTGAGOR herein, either in whote w~n part. 10. tt is speufically agreed that time is of the essence of this contract and that no waiver ol any obl+gat~on hereunde? or of the obligation se- c~red hereby shali at any time thereafser be he:d fo be a viairer of the terms hercof or of the instrunient sec~red he~by_ 11. In addnio~ to the forego'ng rr.onth'~ payments of p:~nc pal and interest required 6y the prorn'sscry nore sec~red her~b~, mortga~or covenants snd agr~es to pay to n:ortgegee ~iih each mun~hly pay,nenr ar. add~uonal wm est~mared by mortgagee to be equai to i; 12 of rhe annuat cost of the foliow- in 3: A-A~t real prop~~ty tazzs le•ii~d or assessed agai^st th~ above described real estate. B-Prerr.~ums o~ f~re and wir,dsto+m ~nwrance as here~n n_q~;red to be carried on the ~mprovements s~tuate on the above d_scr:bed premises. C-Premiums on such mortgage guar3nty resurar.ce as mo•tgagee shall from t;me to t~me drem fit to tarry on the loan sec~red hereby. Atiortgagee shait from nme to nn+e ~orify morrgagor in wr;rmg of rhe amovm due and payabte hereunder and s~ch sum shail tnereupon he due and ~ s.abte on the d~e datA of the ~~ext rronth:y payment and each successioe month ti~ereafrcr ur.til mortgagee sho!! not~fy murtgagor of a change in s~ch • ount. Such sums shail be a;:p~it~ by mortgagee toward the payment of reai prope~ty taxes, insurance prem:umz, and mortgage gvaranty insurance :,'ernium5. IN WITNE55 WNEREOF, the sa~d A'10RTGAGOR has here~nto set his hand and seal the day and year first aforesaid. ~ 9ned, Seated and deliver in the presence of: ' ~ '~'~<<'~Sea~ ; Robert D. M Clena an {s~dq r ~ r 3 (SCL~~ ~ uanita P. McClenagan t~ai> ~ - _ i ~ F STATE OF iLORIDA ~ _ S5. ~ c~uun oF St. I.ucie ~ Rober t D. McC2 ena dC1 and ; Before me persona(ly appeared 9 ~ .jll3flltd P~ McClenagan his wife, to me we(I known and known to me to be ~ rne ind~viduats described in and who executed fhe foregoing instiument, and atknowledged before me that they executed the sam4 ;}qR : t~ ~urposes rrerein expressed. And the sa;d .1llaHlta P• McCle~agan ~ Robert D. McCl~ena ~ ' ~ r.:fe of the sa~d - gan upon a.separate awd prive~e ~ c.a~inat~on by me taken zeparate and aparl from her said husband, acknowledged to and before me that she executed said. instrument~r'e(y and.voiurr_ ~~~<<y and w~thout any comp~~siort, constraint, apprehens~o~n,t or fear o( w fr~m her said husband. j,j" ` s/~ ~ WITNF55 my hand and offic~al seal tFiis- ' C ~h-- day of October p .7 _ _ / ~ l., ~ . ~ L-_~-~L-~ ~ ~ _Z = ~ c'~ _ y : ~ - _ ` Notary Fubl~c in and for-1 Sfate pf Flucida a Q 3 t My Comm~ssion expires: ' ~ • Return To: ' First Federal Savings S Loan Associat;on - ~ • . Of ic:rt P,erc^_. '~~1N111~~~,,`` ~ Fort Pi~rte, FicriJa M«a1? tib~e, St~te of Rlsrido ~1 t~rN ~ Mr Commiss:on Exp~rss Ou. 30, 14)6 ~ond~d by Americcn Fro 3 Casvolty Co. ~ s This Instrument Prepared By J. H. Roberts ~ Jr. `~~ss~~ ~ First Federat Savings 8 toan Association ~ of Fort Pierce , Florida f1LE0 ay: HECJROED " ST. lL`OiG ~UNTY FIA. ~ Checked By RUGi: ,~,;t; aAS ' - ~~Ek~ :~JfT COt;Rt ~y~~c.a.~, ~ pr~~a~ ~'F~,'= IEt~ D - , ~~V~ .~'""~...r - aooM 2i ~ Pnr~ O~t 11 S 36 AN ' 13 a , i ' -