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Home My WebLink About0507 1 ~ To plac~ •nd contMuousty k~ep on tiw b~ildi+pf now w hereafqr utwt~ on iaiJ land and oe+ +It equipnent ~nd psrwn~lly covered by thi~ mor~~ ~ sg~, with al) pren.ivms thaea? paid in full, (ire insunnc~ in tM vtwl ~urda~d policy lorm, (n a tum approved by tht MORTGAGEE, a~d windtforn? ~nsuru~u In ~M uswl iue+dud pol~cy fam, in a wm ~pproved by tM N?ORTGAGEE, in such company w. compan~s~ si ~M MORTGAGEE m.~y diracl~ ~nd all ik~ ~nd wind~~wm inswanc~ polici~~ a? ~ny of said build;np~, ~ny intere~t thcrtin a Wrt thereoi, in th~ ~99req~tt ~um afatsaid o~ a~ ~n exceaa the:cof, aMll contain ~M u~wl iandxd mortpapN cl~us~ o~ such othx cla~s~ as tM MatysgN m+y ~equ~ro. msk~np IM tosi under isid poti~ c~s~, each and ~wry, payabl~ ro said MORTGAGEE a~ ils ie+terest may ~pp~ar, ~~d each cnd every svch policy sha~l b~ promp~ly ass.ynad and delivered to _K_ ~ any heW by s~id MORTGAGEE af fvnher sttvrity to said mwt9~p~ dtbt, and, nof leu tM~ tet? l10) days in +dvanc~ of th~ taplr~tion of each policy, to d~- I~ver to aid NWRTGAGfE • ~~nsw~l therwf, top~tM? wlth ~ r~c~ipt for tM prr.nlum of such ~~n~w~l: u~d ther~ shall b~ no fir~ or wlndstorm intur~e+c~ ~ Flx~d on ~ny of said buildinp~, ~ny Intenat tMr~in or put tM~eof, unitu In the fo:m ~nd with th~ lou p~y+bte a~ afatsaid; and in 1M ~v~n1 any wm of nwn~y becom~s pay~bl~ undK such policy a polici~s s+id MORTGAGEE ~lull Mw ~M optan ro rec~iw arxl appty ~M ~me on account of th~ ind~bted ness ~etured Fwreby or to permit ~aid MORiGACaORS to ~ac~iv~ and uN it a•ny part thereof fw othcr purposes, wi~hout ~he~eb/ waiving w~mpair- ing any puity, Iien w rghl under w by virtw of this mortpp~j u~d in tM ~v~nt said MORTGAGORS ~MII fo? any reawn f~il to keap ~ht ~aid premises w insurcd, a fall to deliver pranptly ~ny of Wid pO~iClq of insurance lo ~aid MORTGAGEE, a fail pranptly to pay fully any pr~mivm tM.efa a in ~ny respect f~il b p~riwm, dixMry~, ezecute, Rf(~ct, complsts, comply wirA ~nd abld~ by thi~ cownsnt, w any part lurwf, iaid MdRTGAGEf msy p1ac~ ~nd f pay for such insurance o~ any part ihsrcof without w+ivinp a aff~cfinp any optan, If~n, pv~ty, u ri9h~ under or by virtw of this Mortp~ye, and ths Qy. ; f„I! amount of ~ath a~d every suth payment ~hall b~ imrnali+t~ly dw and payabl~ aru! shsll bear intera~t from tM date tlxreof until paid ~1 tF~ rate o1 ' ; nin~ per esntum pN annum and to~ethe~ with ~uth interest thall be secured by tFw lien of thit mortysge. ~ t~- 4. To p~rmit, commh or wffa no wats, imp+lrment or d~t~rioration of uid property a~ny part thersof. S. To pay ~11 ~nd alrpvt~r tl» cwts, charpN and ~xp~n~es, includirg s nawnable a!torn~y's fee ar~d cosb of ~bstracts of titt~. Incurnd a paid ~t any ~ims by said MORTGAGEE, b~cauw or in th~ erent of ti~s tailurs on the psrt of IM said MOltTGAGOR to duly, promptly and fully pafwm, diuMr9R execure, effact, comptere, comply with and ab:d~ by ~ad~ and eve?y th~ itipvl~ti~s;~, :y::am~nts, co~ditiau, end coven+nq of said promisso?y not~ ~nd ~hit i n,or~gap~ aey a either. and u~d cos~~, tMr~ and ~xp~nses. fKFI and w~ry, sMll bt immediately dve •nd p~y~bl~t wMtF?sr or not ther~ b~ not~u d~ mand, att~mp~ to cdlect or wit pK~diopj ~nd tFw full amount of ~ach and wery iuch p~ym~nt ~MII bear ime~ei~ from tl+~ d~te theraof ~ntil paid +t the r,~re oi nirN pe~ centum pe~ ~m~um; and all said coiri, tha~yas and expenses intwred o~ paid, tog~ther w~th suth intsrKt, sh~ll b~ s~curad by tM litn of this monpa~. _ b. Th+t (a) in tha ewnt of ~ny bre~ch of Mh Mo?tpap~ or d~fsuh on N» pa~t of tM MORiGAGOR, w(b) to tM ~wnt any of said tums of money ~ herain refa~~ed to b~ not promptly ~nd fully paid within thirty (30) dayt n~xt ~fr~r the sune teveratly become dw and payable, without d~m~od w norice, or (c) in tM ~wnt eacf+ ar+d every the ~tipvtations, ag~serrwnt~, conditions and covenants of sa~d promissay rat~ and th~a mortpap~ sny w ~ither an no1 t ivly, promptly ~nd fully perfam~d, d~uh~rped, executed, effeded, comp~eted, compi~ed wi~h and abidad Sy, tF~ in either or any i~ch ~wn1 tM a+id ag ~ gregate wm mentaned i~ said promiasory not~ then ~~mainirp unp~id, with i~tarost aarued. and all moneys sscvred htreby. shall becom~ due and p+y~ ab:e fwthwith, Of tI1lfNNN, at 1M option of uid MORTGAGEE, ~s fv11y snd comple~ely ei if alf of the said suma of money v+~~e aginally stipulaed ±o be pa~d on t~ch day, anythirg in sa~d promissory ~ott or in thi~ Mortpaye to lhe contrary notw~~hst~nd'eng; ~nd thareupo~ w 1F?ere~her tl tM option of sa;d MORTGAGEE, without notics or damsnd, wit at law or i~ puity, th~refwe w thereafter beyu~, may be prosecuted u if all monsys s~cv~ed hereby nnd matuted pnw t0 its instiWtion. • 7. TMt in tM event that et the bsginning of a~t any time pendiny any ~vit ~pon this Matgsge, or ro faetlos~ it, w ro reform if, q to enfwc~ Fayment of sny claims haeunder, said MORTGAGEE shsll appty to the Court ha~ing juri~d~ction thereof for the ~ppointmenl of • Receiver, such Cou~t shail icrrhwith appoint a receiver of uid mortysged property all snd sinpular, includ~r?y alt and •~ngular ths inmms, profiti, iuu~t ~nd revc~ves from wMtever ' scurce derired, each and every of whith, it beinp expteuly uttderstood, is hereby morrgaged as if apetifically set fath and dewibed in t!N 9ranGnp and 3 hsbendum clau~e~ hereof, snd wch Reuiver thall Mve ail the broad and effective funct~ons and powcn in anywise entrusted by • Cwrt fo ~ Receiver, and s.,ch appointme~t s.tiall be mads by wch Cowt ~s an ~dmitted cquity and i matta of absolure rght to said NIORiGAGEE, ~nd withoul r~fererKe to the edequscy w inadequacy of ~he wlue of the propaty mortpyed or to the toivency or ~~solvency of ss~d MORTGAGOR or fhe defendants, and that tuch re~rs, pro6t~, incoms, iuuss and rovenwt ~MII b~ appti~d by such Receiver xcordinp to tM lien or puity of said MORTGAGEE snd tM practiu of such Court. 8. To duly, promptly ard_fully p~rform, discharge, ex~cu~e, effect, complete, comply w~th ~nd abide by each and ~vay the stipulations, ~yra~menti, co:,ditant ~nd covenann in uid promiuory note and thu mwtpsy~ set fath. 9. That in fhe sveM ths own~+shlp of tM mort~aged premisea, w any pan tF+ereof, becomes vested in • peno~ other than the MORTGAGOR, th~ ~ :'.ORTGAGEE, ~ti tucceuon srsd ~uiyns, mar, wi~hovt no?ica to tM MORTGAOR, deal with such succeuo+ w successor in intere~t wirh refcrence to thu ~ a~tgage and the debt hereby secur~d in t!N tsme manoer a~ with Mort~aga witfiout i~ a~y w~y vitiatirg a discharging the Mlartg~gors' li~bility herr ~~der or upon the debt ha~eby secured. No ule of tM premises Mreby mortgs~~d and no fo?bearenc~ on 1Fw parf of tM MORTGAGEE a its successors e~ ess~gro and no extsns~on of tM tims fa rhs p~yment of the deb~ hereby secured yiven by tM MORTGAGEE or in succe~sws or +u~pns, shall oper~te ro re~eas~, d~sch~r~e, modify thanQe or affett tht oriqinal li~bility of the MORiGAGOR teerein, eilher in whok or In part. 10. It is specifically a9reed that time is of the esunce of this contcact and that no waiver of any obligatio~ Mrw~der or of tM obligation sr cured hereby thall ~t any time there~iter be held to be a w~iver of the termt hereof or of the instrumeM tecured herby. 11. In add~t:on to the forego:ng monthly payments of princ'pal •nd interest required by the promtssory note secured hereby, morigs9or covenanb ~ =_~d agrees to pay fo mortgagee with esch monehty paymem an add;rional wm esumsted by mwtgs~ee to be equat to 1/12 of the a~nual cost of the follow- . . . A-All ~eal property tsxes kvied or asxssed ayai~~t the above descriSed real estate. B-P~emiums on firs and windstorm insucar.u as herein requ;red to be ur:ied on the improvements sitwte on tM above de~cribed premises. C-Premivms on such mortpsge gvar~ny ir.sursr.ce as mortgeyee ihali frum t:me to time deem fit to carry on the ban seevred hereby. Mortysgee shail from time ro time notify mwtgsgor in writiny of the smount due and payable herwnder and such wm shail thereupon be due and ;.eyab!e on the due date of the next monthly payment and each successive month thereafter until mwtqsgee shall notify mortgeyor of a chanye in such a-rovnt. Such sums shall be applied by matgayee toward the payment of real property taxes, i rance prom:ums, and mortgaye guar~nfy insurance ~ p~~emiums. i IN WITNESS WHERiOF, the said MORTGAGOR Fus hereunto set hIi !?and •nd seal the de yeu fi ~f~. ` Sipned, Sed~d ar+d dtlivK~d in th~ pr~senu of: \ ~ \ V~ ~ fIlEO ~EG~~OE~ ~ ~ 1~~ ~-c~''' ~-1,UG`E-~:~•jMRAcU. Patrick D MCUoflald n i ~RK ' - s' COUR? ~1 ~ witness: - P~~~`~~~~~U?~^--r""'~ V inia' I McDonald ~,n ~ State of Ohio 6 ~ 37 Ai~ ~~~5 . ~ ~~~Nn ~ ~oX r 30'73~2'1 ~ ~ Befas m~ perwnslly spp~~red Patrick D: MeDo~nald ,,,d z _ Vir93nia l• IKCDOI1ald h~s wife, to me well known and krawn to me to be rhe indi.idwb desvebed tn and wM executed ti» faeya^p lrutrurrNnt, ~nd ~cknowledyed b~iwe me that they ~xecuted tM ~srn~ for tM purpoN~ ~ ~~.e~~~~ .x~~..d. a,a r~+. .,~d Virginia l. McDonald ~ w;r~ ,f ,h. w;a Patrick D. McDonald ~~ru~r~ez~sa ~?m - ~ ~ c=am,nat~on by me taken ~epsrate and ?part from F~er ssid husbsnd, scknowladped to and before rn~ tMt she ~xecuted ~aid inihMrr~t•f~pe apd ~oluo- ~a-;ly and w~thow u~y compulsan, constraint, appreh~siqn, or f~u of or from her said husband. ~ ~ r„ . ~ WITNE55 my Mnd and officisl seal thi~ d~y of C ~~i~D. ~p3~s ti1~. ~ ~ t r'' ~ " ~ _ - ` . , O - ~ Retum To: SHARON F~~ `t . f :1 ' GU~~N FJ t • k First f~ral Saving• b Loan Associstion ~ Of Fwt P+erce. /V~~? ~01M11ff1011 ~~Jfi y.l S,~l~`~ ~•:f•: ~ ~ fon Pierce, florida ` ' ` i ~ - ' , - . ~ .t ~ ' . 5 ' ?~,i ~ This Instrument Prepared By willian J. Forbes First Federaf .Savings 8 Loan Association ~ of Fort Pierce, Florit~a 33450 , ~ Checked By ~ $00~~ ~E ~ ~ ~ . ~ ~ _ ~ . ; . - - _ _ ~ - ~ , ~ _ _ _ . e. _