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Home My WebLink About2674 3. To place end conlinvo~sly keep on tLe bui'd~~ gs now o~ herrofter aituate on sa~d fa~d and on all eqvipment and personally covered by lhis mottg- sgs, with all p~emi~ms Mereon pa•d in Iull, fire insurance :n the usual sta~xiord pol~ty form, in a tum app~o~ed by ~he MORiGAGEE, and windsto~m insu~ance in 1he usual uandard poi~cy fo~m, in a swn appfoved by thz MORiGAGEE, ~n fvch company or companies ss ihe Mc3R1GAGEE may direct; and all fire and w~ndstorm insu~ance poi;c~es on any of sa~d bvild~ngs, any in?erest therein or pa~t thereot, in ~he aggrr9a~e sum ~io~esaid w in ex~esa the~eof, shall contain ~he veual standard mwtgagze clause or such o+he~ tlause es tha Mo+~gegee may requ~re, making tha loas unda~ sa.d po(t c~ef, eath and every, payab'e ro sa~d A10RTGAGEE es ~tt intrrest may appear, and each and every such po~~cy shall be promptly sss gned and delivrr~d ~o 3ny held by s~+d MOR1^vAGEE as funher security to sald ~nongaga debt, and, not les~ ~han ten (101 days in advance of ihe exp~rat~on of each pollcy, to dr I~vN to said MORTGAGEE a ~enewal thereof, +oyither wi~h a rete~pt for the premium of such renewal; and there shall 6e ~o f~re or w~~~d:ro«~ insu~ance placed on any of sa~d bu~Iding;, any ~nrerest there~n or part the~eof, unless in ~he (orm and wiih fhe loss payable as a(o~esaid; and in the event any tum of money becomes payab!e ~nder such policy w poLcies said MORTGAGEE shall have the opt~on to receive and apply the same on accounl of ~he indabfnd- ness aecured heieby or to perm~t sa~d MORTGAGORS ro reteive and use it w any par~ r:wreQi for oti~cr pw~+QSt'S. 1'I~~~1JU~ th;.~ur .var~~•~3 0~ m pa~r ' ;ng any eqv~ty, I;en w r~ght unde~ or by virlue of this mo:'gage; and in thc event sa:d MORTGAGORS shal~ fw any reason fail to keep the said prem~ics so ~ ~~su?ed, w fail to drtiver pranptly any of said poLciea of insura~ce to said MORiGAGEE, or Iai1 promptly to pay lutty any pramium therefor or m any rrapect tail fo perform, discha~ge, e~cecute, effect, comptete, canply with and ab~de by this covenant, a any part hereof, said MURTGAGEE may piacr a~~d pay fw such insvrance o~ any part thereof w~thout waiving w affecting any option, lien, equity, or r~ght unde~ or by virtue of this Mortgage, and the f~ll amouM of each and every such paymeM shall be ~mmediatety due and payable and shalt bea~ in?erest from ~be date thereof u~ail paid at the rate o1 n;ne per centum pe~ ann~m and togethrr wi~h wch iroe~est shaii be necu.ed by the lien o1 this mortqage. • t. To permit, commit w s~ffer no waste, impairment or dete~~orotio~ oi said property or any part thereof. ` 5. To pay all and singular the costs, charges and eapenses, inc~ud~ng a reasonable attor~ey's fee and cosrs of abstrada of t~tle, incurred or pa~d ar . - any time by sald MORIGAG:E, because or in the event of the failure on the part oi fhe said MORTGAGOR to duly, pron,ptly and fully perform, d~scharge. >¦~~<ute, effect, complete, comply with and ab:de by each and every the st~pulauons, agreements, conditions, and covenanq of said promi:sory note and ~his morrgage any or ei~her, snd sa:d costs, charges and expenses, each and eve!y, shall be immediately due and payable; whethe? oi not ehere be no~~ce da mand, artcmpt to tollecl or suit pend~ng; and the full amount of each and ev~ry such paymeM shall bear iroerest from the date thereof until paid at 1he ; ~.+~e o; n~ne per centum F~c~ anu~:n; orid aU said tosts, charges and expenses incu~red or paid, together w~th such interest, shatl be secured by the 6en of thi~ morfgage. , 6_ Thaf (a) in the event oi any breach of this lJlortgage w default on the parl of the MORTGAGOR, or (b) in the event any of said sums of money herein referred to be not promp~ly and fully pa~d wi~hin tt~~rty (30) days nexf after tfie same severatly become due and payable, without demand or notice, or (c) in the event each and every the atipu~ations, agreements, cond~r! ant a~d covenaMe o! sa:d pramissory oote and th~s mortgage any w either are. not ~~ly, prompNy and iulty Ferformed, d~scharged, exec~ted, eftected,~cdmateted, compGed w~1 and'a6~d~d Sy, then in e~ther or any such eveM the sa~d ag ~.egate sum mentioned in said promissory note then remaining unpaid, with interest accrue~ and a~l tnoneys secured hereby, ehall become dua and pay- aote forthwith, o~ ~hereaffer, at tbe option of Sdid MORiGAGEE, as fvtly and completely as ii alt of thr sald aums of money were a~g~nally st~putated to be Fa~d on such d~y, anything in sa.d prom~ssory note or i~ this Mortgage to the confrary notwithstand;ng; and thereupon or Ihereafter at the oprion of sa~d MORTGAGEE, w~thout not~ce or deinand, suit at law or in equity, theretwe o? lhe~eatter begun, may be prosetuted as ii all moneys Sttured I+ereby nad matured pnw to ~ts instilution. r ' 7. That in the event that at the beginn~ng of or at any time pend~ng any svit upon this Mortgage, or to faeclose it, or to reform it, or to enforce payment oF any cia~ms hereunder, saed MORiGAGEf shatt appty to the Court having jurisd:d~on thereof !or !be appointment of a Receiver, such Court shail fcrthwith appolM a rece~~er ot said mortgagcd pro~ierty al~ and singular, inuud~ng a!1 ar.d singular fhe intome, p~ofAS, iss~ea and revenues from whatever s~urce de~ived, each and every of whkh, i~ be~ng expressly unders~ood, is hereby mortgaged as if speu(icatty set tath and described in the 9~anring and h~bendum cfauses hereof, and such Receiver shaU have all the brcad and efiective funct~ons and powers in anywise emrusted by a Court to a keceiver, and s_ch apNointme~~t shatl be made by such Court as an ad:n~tted equ~ty a~d a matter of absol~te right to sairi MORTGAGEE, and wifhout reference to the adequacy or inadequaty of the vaiue of the property mortgaged or ro ehe so,vency or ~nso~vency of sa~d MORTGAGOR o~ the defendants, and ~hal such re~,is, prohts, income, issues and revenues shall be app~ied by such Rece~ver accordu~g to the lien w equity o1 said MORTGAGEE and the practice of such Court. 8. To duly, promptty and fully perform, discharge, ezecute, eflect, compiete, compty with a~d abide by each and every the stipulatio~s, agree~nents, :onditions and covenants m sa~d promisso~y note and th~s morrgage set forth. 9_ That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a per~n other than the MORTGAGOR, the :'.~RTGAGEE, its successors and ass~gns, may, wiihout no~ice to the MORTGAOR, deal with such successor w wccessor in interesf with reference ~o th~s ~~o~~gage and rhe drbt hereby secured in the same manr.er as w+th td~rtgagor without in any way vit~ating or dncharging the Mortgagors' liabi~ity herc u~der or upon the debt hereby sxu:ed. No sale of the Frem~ses h~reby r.w.tgaged and no forbearance on the part of the IAORTGAGEE or its successors or assigns and no exrens~on of the time far the payme~t of the debt hereby secu~ed given by the MORTGAGEE or its successors or ass~gns, atiall operate ro release, d~scharge, mod~fy change or affect the original liability of the MORTGAGOR herein, either io whole o~ in part. 10. It is specificaiiy agreed that time is of the essence of this contrad and that no waiver of any obligat~on hereunder or of the obligation se- cv~ed hereby ahal~ at any time thereafter be held to be a waiver of the terms hereof or of the ir,strument secwed herby. 1 i. In add.tic~ to rhe forego nq mo~th!y payments of prfnt pat and intrrest required by the promtssory no!e secuzed hereby, mortgagor tovenants j~~d ag~ees to pay to matgsgee ~n~:h each mon~hiy Fa~r.~ent an add~nonal wm es~:n-:ated by mortgagee to be equal to 1/ 12 of the annual cost of the foliow- A-All rea( p~operty taxes ievi~~ or assessed aga{•~s? thc above described rea~ estafe. B-Prem;ums on f;~e and vr;r.dsto•m insurarEe as nere~n requ:red to be carried on the improveme~ts s~tuate on the above described p~emises. C-Prerni~ms on such mortgage guaranty ir.suraf.ce as martgagee shail from t me to time deem fit to carry on the loan sttv:ed hereby_ Mwtgagee Shdli frcm t~~ne to t~me notify mongager in N~it~ng of the amouro due and payable hereundrr and such sum shalt thereupon be due and ;~yabte on rhe due date of the nexr m.onth!y paymem and each successive month thereafter ur~til mwtgagee shall notify mortgagor of a change in such a^ ount. Such s~ms sF.a:i be app:i~d b~ mortgagee ro~+ard the paymem of reai property taxes, insurance prem;ums, and mortgage guaranty insvrance :~•emiums. !N \NlTNE55 Y1MfRFOf, the sa;d MORTGAGOR has hereunto set his har.d and seal the day and r fi t loresaid. ~ Signed, Seated a~d detivered in the presence of: . . C' / _ ~ Sest) ~ - ` a` aq ~ - (Seal) f S~ATE OF FLORIDA F ~ C~UNTY OF St . Lucie ~ ` ~nlilliam O. i~lcLeod Before me personally appeared and i Victoria M. ~CL.f.'4C~ his wifq to me well known and k~own to me to be ~ the ind;viduals desv7bed in and who executed the foregoing instrument, and acEnowledged befwe me that they executed the same for ihe purposes ~ tFerein expressed. And the said V2CtOr2a ~?l. A1cLeod w~fe of tfie sa~d _ W1111dID 0. T1CL,eOC~ uppr`s~~6f6i~~and priwte ~ e.am~nat:on by me taken separate and aparl from her said husband, atknowled9ed to and be.`ore me that she executed said ~il~s~(u~eSl frr~e`y~'~iy~l volurr ` ra-ily and w~thout any computsion, constraint, apprehens~on„~ fear of or from her said husband. J`~~~.....``'-~ ~ ~ . - k WIiNESS my hand and official sea( this__ day of ~ctober A.~b. ~9 / ' ~ ~ ~ - ~ Notary Pub11c in and for the Srate pf o id~ t ge ; r' My Commission expires: ; ~ J . : ~ Retum To: L~ 3, i 97 7 ,7.. : Q : t. First federal $avings 6 toan Assaciat~on y•.,~• ~ Of 'ort P er:e. 7 '~~';1~ ~ . fort Pierce. F:cr~da v ~ , ~'';fi: 2~s41s ; This Instrument Prepared By Richard K. Kayes F1L~L' ~~f ~"C~ADfO ; First Federal Savings 8~ Loan Association SLLtlCtF s.U~ik7~ FlA. ~ ; of Fort Pierce Florida '~S ~ i ~ CLF~t ;.~::5!TfC~tlftT Checked By RECn?'' `:!=lEU.,~...~_,. o R OcT i~ ~ 37 PN'73 sor~2~.9 ~~c~2673 ; ~ - ~ . - _ .v . _ s~~ ~ . . ~ _ ~