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3. To p~ac~ and continuously keep o~ th~ bui:dii~q~ now or hereafter ~ituate on said land u~d on at! equipm~nt and personaliy covtred by this mort~
sgs, wi~h ell premiumi thereon pa~d in tull, fire insurance the ~sual standord policy fo~m, in • sum appro.td ty the MOR?GAGEE, and wi~ds~o~m ?
~nsurante in tFa uswl sfand~?d po~~ty (am. in a aum approved by ~Ae MORTGAGEE, in ~uch tanpany w companiy q tM MORTGAGEE may ?
directt a~+d sll fir~ ~nd windatwm insurante polKiet on any of sa~d bu~~d~~~g~. any infe~a~t Iherein W parl thlr~0l, i~ Ih~ a99reyat~ sum ~la~uid o~ ~
in extes~ Ihereof, shai) :ontain the usual standa~d mortgagee ctauae a such othe~ t~auss as tM Alwtyagee may rp~ir~, m~kinp Ih~ loss untkr ~a~d polF ~ ;
cief, each and every, payabte Io said MORiGAGEE as ~t~ int~rest ~nsy sppesr, and each and evety such policy shall b~ promptly ass gned and de~ivered to
any held by said MORTGAGEE u fv~lho~ sKuriry to said mortgag~ debt, and, not leu than tan (10) days in ad~ance oi the expirdion af e~th poGq, fo d~
G~er to said 1AORTGAGEE a re~xwal thercof, ioge~her w~~h a rece~pt (w ~he prem~um of such renerval; and there shall be no fire or wind?eorm in~ur~nc~ ~
placed on sny of aid buildinyi. +ny inte~~sl theroin or part Ihe~eof, unle3s in ihe form ar.d wi~h the lou payabb as ato~esaid; and in the event any sum ~
of money becomes payab~e unde~ iuch policy or pol~ries sa~d MORTGAGEE shall h~ve the o~t~on lo reteive a~d apply tha same on ~ccount of tM indabted~ ~
~esa iecwed hereby u ~o perm~t seid MORTGAGORS to rece~ve and use it a any part tne+eol tor othc? aur~~oses, wi~nout thareo~ wai~i.~g o~ ~mpair- t
in~ any eqv~fy, iien w ~ight ~~u3e~ or by virtus of this mc::yage; and in the evenr satd MORTGAGORS shall for sny reason tail to keep tha said prem~ses w ~
~nsured, w fail to deliver p+omptly any of said pol;ties of insu~ance ~o said MORTGAGEE, o~ Fai1 promptly to pay fully any p~e~ni~m therefo~ o~ In ~ny (
respect fs+1 to perlorm, d~scharye, eaecute. effect; canp:ere, comp~y wiih and ~b+de by ~h~~ cove~ant, o~ any pa~t he~eof, said MORTGAGEE may place •nd ~ j
pay fa suth iniura~ce or any part thereof w~thout waiving or aiFecting any opt~on, lien, eqv~ty, or right unde~ a by virtue of this Mortgags, sad the _
f~11 amo~M of cach and e.ery such payment shal! be Immediately due and payabte and shall bear in~erest irom ?he date Ihereof until pa~d at the rale o1 ~ i
~~.~•z per crmum pe~ annum and to~rthrr ~nith such interest shall be sew~ed hy the ~ien of Ih~s mortgage. ~
1. To permif, tommit w wifer rra was?e, in:pairment w deter.oration of said property o? any port the~eof.
S. To psy all and iingutar fhe costs, charges and eapenses, indud~ng a reasa~able anwney's tee and co~1t of abstratts of titl~, incurred or p~id s1
n~y time 6y saed MORiGAGfE, beca~sa or in the event of the ta~iure oe the par~ of the taid MORTGAGOR to duly, promplly and futty p@~(orm, d~xhargs.
r.ecute, effeU, complete, comply w~th and ~b:de by each and eve?y the slipulanons, agreements, condilioni, and coveo~NS of said pranissory note and thit
n•orfgage any or either, and sa~d costs, chargss and rxpensas, each and every, shall_be in~mediately dve and payable; whether w not lhere be notice ds
mand, attempt to collect w suit pendmg; end ~he fuli amouN oF each arxl eYery such payment shall bear interesl from the date thereof until p~id ~t the
~.:r„ uf nine pe~ cenrurn Fwr an~iwn;-onC a1i said cos~s, cha!gas a::d expe~ses ~ncurred or ~;e~d, togelhet wdh sucA imertsl, shall ba secured by the lao of thu ?
rnortgage.
b. That (a) in the event of any 4~each of th~s Mortgage w drfauit•on the part of the MORTGAGOR,.a (b) in the event a~y of said s~ms of money
herein referred ro be not promptly ar~ futiy pald wirhin th~rry (30i deys ncxf aiter ~ht same severa!fy be~oax due snd payable, without demand Or twtice.
or (c) in the evrnt each and eve~y the stioulations, agreements, conciitio~s and covenents of sa:d promissory note and th~s mortgag~ a~y w either are na1
~~~y, promptly and Futiy performc+d, d.scharg._d, execu~ed, eifecred, canpleted, cen.piled v~ith and ab~ded Sy, then in eiiher o~ any such evenl the said ag~
~r~gate sum mentioned in said promissory note then re~naining unpa~d, wirh inte.est accrued, and atl moneys secured hereby, shail become dus and pay-
a5:e fa~hwith, o~ ~hereaffer, at the epr~on of sa,d MORTGAGEE, as iully and comp~CTCIy as it a~l o( the said sums of money were ag+natly s~~pulated
ro bz pa+d on auch dzy, anything in sa:d pro~n~ssory rtote w in this b!ortgag•r ro the cavrary notwithseanding; and Ihereupon p the~eafter at the opt~on o4
s~.d h10RTGAGEE, wfthout nonce or demand, s~it at taw or in equity, thrr~:ore or tl~errai~er begun, may be prosccuted ss if ~II ~r.oneys setured hereby
r,_d maWred pnor to ~ts institution.
7. ThaT in the event that at the beginn~ng of or at any time pe~dirtg any ~u~t upon this Mortgoge, w•to fweclos~ it, w to retorm it, or to tnfate
i;a;n~ent of any cEo~ms hereunder, said MC~RTGAGE~ shall appEy !o the Co~rt hav~r.g ~unsd~c~+on tF.e~eof for the appoinlmeM of a Receiver, such Court shall
•^u;rh ap~,ofnt a recr:ver of said mortgaged prapcrty ali and singufar, inc..rd~ng dii anti a~~guiar the irtcome, profits, isaues and revenuea irom whatever
s. ,•ce derived. each and r~ery of whlch, i~ be~:~g expr~ssly undcrs~ood, is F.erevy mor~g~gcd as if spec~ficatly sei'fprth and deseribed in ~F~t graMing a~d
!,ber~dum dauses Fk:reof, and such Receire~ :hall ha+r a11 the broad and eflec•~ae funcf ons and powers in anywise er+trusted by a Cou~t to a Reteiver, and
i_:h 3ppoimment shall be mede by s~ch Court as an adm~ned eq~ity and a matter of abso?ute right to ssid MORTGAGEE, and without roferente to the
~~i_yuacy o~ inadequacy o( the va;ue of the property rno~tgaged or to ~he so:vency or an;~;vency o! said MORTGAGOR or the defendants, and that suth
e~+s, proFits, ircorne, issues and revenues shali be applied by such Rete~ve~ accurdr.~g to the lien or equity ot wid MORTGAGEE and the praetite of suth
~OUff.
8. To du!y, promptly and fully perferm, discharge, ex~cu!e, effe:t, cc•T.p!eta, ce+~~Nly w~rh and abide by each and every the stipulations, agreemer?ts,
dmens and covenams m said promissory no+e and th~s rtiartg~ge set forrh.
9. That in thr evcnt the ownership of thc rr,orrgaoed p~em~ses. or ~ny part thereof, becomes vested in a person otFxr than the MORTGAGOR,1he
:'R'GAGE:, as wcceswrs and ass:gna, may, witho~t r•.c~ice to :he 1".CR!GAOR. deal vv~sh such succesYOr w successor in interest with reference to this
•+ga^ye ard the deht hereb~ secu:ed in the same r.~anne~ as vi+th 1.lcrtg,;gor altt:o~~ in any way viliating or d~scha~ging the Mortgagors' liability hett
o~ upon the drbt hcreby sccurcd ~+o s3:e of t~,e Fre~r~ses hrreby mcr~gaged and no forbearance on the part of the IAORiGAGEE or its successors
~ ~ss!gns and no exrensscn of the time for ri,e pay~nen~ of the dtbi F.rreb~ sec~red g~ven by the MORTGAGEE o~ its successps or ass~gns, shall operate
~ re=eaie, dscFarge, modify change or afie:t Ihe o•~y.~iat Iiau~i,ty of t:~e NQR:GAGQR herein, eithet in whole or in part.
1Q. It is saec~fically agreed tF~at rime is of th.: essence of tt,~s contract and that no waiver of any obligation hereundet w of the obligaf'an se-
c;red htreby sha?t at any time thereatter be he!d to b~ a waiver of thr tr..na hereof or oi the inserumeM secured herby_
1 I. In ad3:t o~ fo ~i~e :orego ng ^.r.:~h!y nai~rr_•nts of pnrc ~:ai and ~~res~ requ~r~•d by ihe p~omissory no!e secured hereby, mortgagor CovenaMs
+ c+. 3g~res !o pcy to r~c:ty.~~ee eith ca.h r•.onr8;'y E;a~~: ent ,,n aad c:cnnl sv~~ ~st~-, at~d by morrg~gz2 to be equal to l; 12 of the annual cost of the follow-
A-Alt rcal propeny taR:: Ie.~ec or a:seiieci oy;~,st thc aoove d~s:r:b~d :~al esrate.
6 Fr~r.,~o;ns on f~re an~ wir.dster~r ~nw~ance as i,e~c;n requ.red to be carr~ed cn ihe im~rovements situate on the above desc•ibed premises_
C-P.e~~~wn s o~ wch r~~art:~-3(je 9uar~nTy ~es~-ar.,-e as mOrtqayeC sha~~ frc^~ r rr.a to t~me deem fi~ to carry on the ban secured hereby.
rAortgagre s~;.; frcm n.-:~ ~o ~imc rc:~f~ T.o~i~sgor .n wrin~~g of the er..o~~t d~e anr! payaEle hereunder and such sum shall thereupon be due and
,~~~!e o~ rF,e d:,e d,~~ of the r.eR+ ~ncnth!~ p3ymrrSt and each svccessive month thereafter until matqagee shall notify moctgagw of a ehange in s~eh
_ ~~nt. Sucls sums s~a i be appi~ad 6y rncrtga3ee to,•.a:d the payment of rea: property taxes, irtsurance prem~ums, a~x! mwtgage guaranty insurance
' . c "'~iJTS.
IN L'~17PiESS :.'HEREOf, ?he sa~d l1tQRTGl+G^~k has here.,~to set his h,;rd and seal the day and year fint aforesaid.
- igned, Sealed and deti cred in th preaence of: ~/~y~e~.fjay~' sf
' ~ ~ ~yv ~
~ _ erman . c u in
an
E - (Sea4
I _ e a . c i csNn
I
~ ~'~.~E OF FLORIDA ~
f! -
{ _ _.~SVTY OF S~C . Lucie '
_ I
~ Before me perwnaily appeared _ HQ11RdTt G• MeCubbin a~
~ Bertha j. blcCubbin his wife, to me well known end kiqwn to ~e t,4e
~ _~ndivid~als described in an<i who exewted the foregoing instrument, and acknowledged before mt that they exetuted the ssmw fdi"the pu~ea
.
~ ~~cre'n expressed. And the said Bertha j~ MeCubbin ~ : r
~ or r?,e sa~d Herman G. McCubbin ~;a.~~a~/~j,~:~.
-..:nat:on by me taken separate and aparf from hcr ~aid hvsband, atknowledged to and before me thaf she exetuted s~id itpqu~neot heEty ~nd~l{~ti.ir' =
~ ~ ar,d w~rhoui any computs~on, const~a~nt, apprehenslon, or fear of or from her said husbarxi. ~ t :_.yr'-•.~
v ~wt ~
~ ~VITNESS my ha.-~d and ofiicea~ seal th;:_ . 30th _ daY of Jul ' % ~ , . /~r~ lQ ' - '
g _ I• ,
~ .
~ ~ . ~=-t~ ~ N : ~
7 ~~L~.:~
_ Notary PubGc in and fw the State of Fbrida ~t
< .
~ My Commluan exQires. (f
~ Rervrn To: //j~ f ~
~ nrst Federal Sa+ings b Loan Associat;on ' ,
~ Of Fort P.erce.
? Fort P~erce, Fto~ida f LEU AM~• RECOROED
: LUCIE COUNTY FLA. "
ROGrR PufTRAS
4 ClERK' C~~ ~~IT COURT ,l
~ This Instrument ?repared By J• Ha 1 Roberts, Jr. RF~~~Ri~ vE~:IF~Ep~~ ~
~ First Federa) Savings 8~ Loan AssociatiQn
~ of Fort Pierce , Flor~da 33n50 ~ 3~ 3 oi PH r
~ Checked By -
~
~ $Oqll~~
_ • ~ ~ C SM .
~ .
~
~ ~
.,:i~ 3. ~Y T - - - . . - . - - . - ,3,
~ r ¢ ~ _ ~ f ~ J ~ ~
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