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Home My WebLink About1166 ~ ' ~ , 3. Ta plece and conlinuously keep on ~he buildin~s now or here~fler tiituata on safd land and on all tquipment and peroonblly covered by this matg• ! sge, wiih aU premiums 11~ereon paid in lull, (ire insvracce ~n the usual saa~xlerd ~ticy form, in a su+n approved by ~ha MORIGAGEE, and winds~orm ~ i~surance tn Iho usua) stendard ~I;cy fam, in a s~m approved by ihe MORIGAGEE, in such tompany or compan~es a~ tl~n MORTGAGEE may ~ direc~; and all firo and windstcrm insuranca poficies on any ef sa~d buiW~ngs, any inlere~t therei~ or parl the~eof, in ~ha aggrcgate :vm aforesaid or ; I~ ex;ess Ihr~eof, thall contaEn the usual standard mart~egee ciaute ar such other dause as the Mortgagee may requiro, making Ihe Iwt under said poli• . ' clef, each and eve~y, payab!e to saiJ A10RiGAGEE as its i~~crrs~ may appear, and eacn and every svch poEcy ihall ba p?ompily ass gned and delivered to ~ any held 6y said h10RTGAGEE as (uilher se.urity to said mortyac~e drbt, and, no1 les~ than ten (10) days in advance oi 1hE expiration of each poficy, to da • livet io said AIORTGAGEE a renewal therecf, together ~vith a receipt for 1hr prer.,ium of svch renewal; and ~herr shall be ~o fi~e or windstorm insvrance • ~ placed on any oi seid b~ildings, aoy i~terest therc~n or par~ ~hereoF, unles~ in !he forro and wi~h the loss payab!e as a(oresaid; and in ~he event any sum = pF mo~ey becomes payable under such policy or pol+ciei fa;d h10RTGAGEE shaU havo Iha option to receivo end apply the same oo accovnt o( the indebted- r.ess sctured hereby or to pe~mil sa~d ~AORTGAGORS to receive and ~se it or any part therco( tor oi~wr purposts, .viihaut th_reL~ waivi~~7 or impair• l~g a~y equ~ty, Ifen o~ righ~ under -or by virlvt of this mo:tgege; and i~ the evrnl said .Y,OAIGAGORS ihall for any rcason iail to keea ~he said premises so i~, . tniured, or fail to detiver rrompNy any oi sa~d ~lic+es of insurance to said A50RIGF.GEE, or fail pramptly to pay futly a~y premium therefor or in any !i-'~ respect iail to pe~iorm, dlscharge, exec~te, eTtect, complele, c~mpiy wilh and abida by ~his covenan4 or any parl hareof, saiJ MORIGAGEE may plate and pay (or such inwrance or any part lhereoF withoul waivi~g or af(ecling any Gption, lien, ~q~ity, ot ~ighl under or by virtue of this Mo~tgage, and tht iull amoum ot each and every such payment shalt be immediately due and Fvyable and ahal! bear interr~t trom tha date thereof until paid r! the ra~e oi nine per centum pe~ annum a~id ro~ether ~~ith such interesr s~~.+li 6a sc.ured by 1he lien of thiY mortgage. • 4. To permit, tommit or su(fcr no waste, impairment or deteriorotion ot said properly or any parl thereof, j 5. To pay a!I a~d ~ingular the costs, charges and ezpenses, i~duJi~ti~ a reasonable attorney's fee ar~d tosts of abstracts of title, incurred or paid af i any t;n,e by said AIORTGAGfE, because or in ~he event o( 1he (a~lure on the part of the sa7d l:50RTGAGOFt to duly, promprly and fully perform, dlscha.ge. ? execute, e((ed, comptete, cemply with a:~d ab:dr by each and every the slip~lations, agreaments, "cond~tions, and coven~nls ot said pcomissory note anJ this f mortgage any or ei~her, and sa:d costs, charpes and expanses, each and overy, shatl be immediatety d~a and payable; whether or not there be, nutice do- ~ •~~cnd, attempt to collec~ or s~it pendi~g; and the full amo~N oF each and eve~y svch payment sha~l bc~r i~ferest from Ine data thereof until paid at iht f ratr oi ninP per cznt~~n per annum; and all sa+d costs, charc~es and exp<ns~s erxvrred or paiJ, togethar ~v~th tuch intetest, shall be setvred by thc lien oi thi~ mortgage. . 6. ihat (a) in the evenl of any breath of this Mort~age ar defau:t on thz parl of the h10RTGAGOR, or (b) in the evenl any of said svms of money _ }~~.~o;~ ,eta„o,1 e.. ~,._,f ~.:,.,.~~iY ~....t 6,i~y .~:~y,;., ~ti~.~w e3~~ ~i_.;,~ .,aY~ ,sr.~. ~h~ :am~ x~verally become due ar,d payabte, wilhout demand or notice, or (c) In tht event each and every 1he stiputarions, t+greements, cond~~ions and covenants of sa~d promissury note and this mortgage any or e+ther are nof _ ~uly, promptly and fully performed, d~stharg•_d, exec~tad, effrcled, completed, cor.iplied with and abid~d by, then iR either or any such e~ent thP said ag~ " gregate sum mentioned in said promissory note the~ re~naining unpaid, w;th interest accrued, and all moneys secured hereby, shall become due and pay able (orlhwith, or Ihereafter, at the optio~ of sald AIQRTGAGEE, as (ulty and completely as if all of the said sums of money were wi9inally stipufated to be paid on such day, anything in sa:d prom~ssory note or i~i lhis hlortgag~ to the co~trary notwithstanding; and there~pon or thereaiter at the option of ~aid MORTGAGEE, v~ithow nor~ce or demand, wit at law or in equity, therefore or ihereaf~er bee~un, may be p~osecvted as if all moneys secvred hePeby h~d matured pnor ~o its institution. , ~ ' ~ 7. That in the evenl that at the be inni of or a` an time endin an suit u n this Mort a e, or~to foteclose it, or to retorm it or to enforce ~ 9~ 'uJ Y N 9 Y Po 9 9 . payment af any claims hereund~r, said J~10RiGAGE: shal~ appty to the Cou~~ hav~ng jur~sd~a~on thercof for the appointment of a Receiver, such Court shall fo~thwith appoint a receivcr of said mortgaged prcpcrty ali and si~:gular, inctud~ny ail and s~~gv~ar the intome, profits, issues and reven~rs from whatevcr source derived, each and e•,ery of whrch, it beieg erpress~y understaod, is hereby mor~gagad as if spec~(ice}ty sei forth and described in the groMing and habendvm da~ses hereof, and wch Receiver sha11 hava a~l the broad and efFec!ive fvr,u,o~s and potivers in anywise entrusted by a Court to a Reteiver, and f~th appointment sh31~ b.: madz by such Co~rt as an admitted equity and a matter of a6sotute right ro said h10RTGAGEE, and without referencr to the . adequacy or inadequacy ot the vaiue ~f the property mortc~aged or to tFe soivencv or inso~ven:y of said h50RTGAGOR or the defendants, and that wch rems, profits, income, isaves and revenues shall be applied by su<h Receiver accord~nq to ihe lien or equiry ot said MORTGAGEE and the prac~ice of such Couri. - - 8. To dufy, p~omprly and fulty perform, discha~ge, execute, eifect, complete, co:nply with and aUide by each and every the stipulations, agreements, conditions and co.•enants ~n <_a~d oromissory r.ote ar.d ihis mo~tgage set ~orth. - 9_ That in the event thc otivnership of thc mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, tF.e ~ MORTGAGEE, its wccessors ard assigns, may, .iithovt notice to the ?AORTGr`.OR, c+eal •ailh such successor or successor in iMetest with referente to this mortg~gn ar.d the d_b! hereby secured in the same mar:ner as v~ith 1.5oitgagor without in any ~va•; vitiating or d~scFarging the lAortgagors' liability here- under or ~GOn tF.e debt he~eby SCLUffCJ. NO sa'e of the F•ren~ises h~reby rnortc~aged a~d no forbearance on the'parl of the 1dORTGAGEE or its sutcessors . or assigns and na exte~sion of the tin:e for the payn-em ~f the de6t Fereby securzd given by the MORTGAGEE or its successors or assigns, ahall operate ~ - to re!ease, J~scharge, m.od~fy thange er af(ect the w~g~:~al IiabEl~~y oi the 1l,ORiGAGOR herein, either in whole or in part. - • 10. It is speci(icaliy agreed thar time is of the essence oi this contract and Rhai no waiver of any obtigation hereunder or uf the obligation se- ~ cured hereby snali at any time thereafler bs hetd fo he a~vaiver of Ihe terms hereoi or of the instrume~t secured herby. . E 11. In add:tion so tha forego°n~ monthly pa~meMS o` princ pal ar,d interest reyuired by_ the promissory no!e s:cured hereby, mortga~ar co~enants ~ and agrces to pay to r.:o:sgaoee ~ti•~~h eath ~~on!h'y p~;n:e~;t an add:~ionat sum estimated by mortgagre fo be equal to 1 J12 of the an~wal cost of the fcllow- ing: • ~ i A-A!I real ~roperty tax~s lev~ed or assessc~d agai•ist thc aoavc descri~_d real eslate. . 6-Prem~ums on firc and w:ndsto:m iris•v~ar.~e as hcrein requ;rcd to bs carr~fd on the improvements situate on the above desu~bed premises. . C--PtcmiumS on svch mortg~ge guaranfy ir.surar~ce as mortgagee sha~l from t:me to time deem fit to carry on the loan secvred hereby. ~ ~ A'tortga~cc sh;E: fra.n time to time not7f; ~mortgagcr ;n wri~ing of the amount due and payable hereunder and such sum shall thereupon be dve and " payab!e on th_ d~~e date of the next month;y p3yment and each successive :r.onth •hereaf~cr urti) martga3te shall notify mortgagor of a cha~ge in such - amounL Such sums shait.be appiEed by mortgag^e toward the payment of real prc;:erty taze,, ins~ron:e prem:ums, a~d mortgage gvaranty insvrance prernlums. . _ ' IN VJITtlESS ~'1HEREOf, the sa~d hSORIGAG0~2 has hereunto set his hand and seal the day and year ' t afo said. ~ Sig~ed, Sealed and delivered in the presence o~_ f1~~ A~0 ST.LtICIE COUN ' -~.~f ~ - ROv"~+~ POITRA~ O~] eI` . ~ AOTI Sean . . ~ CIERK CtRCIltT CQ11~tT Seap ' RECOitO YERiF1~0~ ~ ~ - Sean . , . - ~ + ~ ~A 1 !1 ~ 1 ~ . _ a n 8 - . (Seaq STATE OF FLORI A - ~Q^~~~ St . I,~aC ie ss• - COUNTY OF _ ~ - y ~ 8efore me p~rsonaliy appearad Chr~ S#,s~~r D. ,KB~n and Y Marg$ret Anri 1'~2K@C/Tl his wife, to mz wel! known anj knoxn to me to be - the individ~als desuibed in and who executed the faregoin~ instrument, arx! ocknowledged before me that they executed tha same for the purposes therein expressed. find !hs said ~r~a2~t+ ~Iln M''KBOn - wife of the sa~a - -~ristogher D. MeKson a-separate and private exam;nat~cn by me taken s=_parate and apart from her said hus6and, acknovyledged to and before me that she axecuted said instrumeni freely and voiun- - larily and w~thout any compvtsion; constrain?, apprebgqsion, or iear of or from her said hus5and. J~8 - ,l~ Y/ITNESS my hand and official seal ihis bLII day of A. D. 19 ~._-,~.,~.f-z..~ /3 - = ~ . _ ~ _ t _ Nolary ~oblie in and r tie State of fiorida af Large f'; - ' My Commisseon ex ' e. ~ ~ Rerurn T~: . / 4 ' 37J ~ . First Federal Savingt ~ loan Assx%ation - ~ - - j ' .Of Fort P~erce. ` y~ ' FOrt Pi~±tCe. Herida _ • • _ . - - ~ . - - ."1~Ift~~'~`~j . - . - - _ . _ ~ d~ : - : - Ellwooa ; ~ This Instrument Prepared By GBTy F. ~ : • ` "~i~: : _ - First Federal ~avin s 8~ Loan Association _ =~~Si•~: ~ v' ' - of Fort Pierce ~ gZorida - BQp~~~ - - t,Ntl . - ~ PACE~~ i~ri~i; ~ ~ir'~; 1'Y~ Checked By ~ - , ~ ~ ' ~ - _ . . ~ - _ ..~t.: ~~l.~i~~~tc,.~~ _ - . . • . - . _ _ ~ ` . . . . ~ . - . . ~