The URL can be used to link to this page

Home My WebLink About1094 ~ i ~ 3. To p:ace ar~d continuously keep on ~he bui:d~ngs now or hereafter ~~tuats on sa~d land and on all equip~nent and perso~ally cove~ed by ~his ma ~ age, wl~h all prero~ums thereon pa~d in full, fire insurance in the usual standard po~icy iorm, in a sum approved by the MOR~GAGEE, and w~ndito ~ ~nsvrance in tha uwal s+andard pol.cy fonr~, in a wm app~oved by ~he h10RTGAGEE, in auch company or cwnpames as ~he MORiGAGEE m ~ d,rec~; and aII fire and w~ndstorm insurance po~ic~es on any of iaid build~ngs, a~y interes~ therein or pa~t thereoi, in the aggregafe sum afo~esaid ~n eacass ~he~eof, shall ;ontafn the usual sta~~dard mor~gagee clause a such other clause as the Mortgagee may requ~re, making ~he loss undr+ sa~d po c:es, each and every, paya5'e to said A10RTt'aAGEE as its interesl may appea~, and each and every such poucy shall be promptly assg~ed and de~ivered ~ ~ jny held by sa~d MOR(GAGEE as (urther sacur]ty to said mortgage debt, and, not less than ten i101 days in advance of the expiratlon of each pol~cy, to d~ ~ I,,;er to said h10RTGAGEE a re~ewal thereof, together w~tA a rece~pt fa the pre~nium oi such renewal; and there shall be no f~re or w~ndst0~~~ insuranc f p!aced on any of said buildings, any inte~es~ there~n or part thereof, unleas in ~he form and wiih the lou payable as afaesaid; and in t},e event any sun of money becomes payabte undrr such policy w po~~cies said MORTGAGEE shall have ~he opt~on to rece~ve and apply the same on accoun~ of the indabted f ness aecured hereby w to permil said MORiGAGORS to reteive and uu it w any parl thereof for otiirr porE~oses, v.~~hout tharcb~ v-:ivi ~r ~~~ip~~~ ~~y any equ~ty, Iien or r~ght under w by virfue of this mo:!ga9e; a~d in the eve~t sa[d MORTGAGORS shall ior any reason (ail to keep the satd premisrs so ;nsvred, or (ai~ to deliver promptly any of said polities ol insurance to said MORTGAGEE, or fail p:ompfly ~o pay f~lly any p~e~mum thereFor or in any respect fail to per(am, d~scharge, execute, eifect, complete, comply wirh and abide by this cove~ant, a any pare hrreof, sa~d MORTGAGEE may p:ace a~~d pa; fw such ~nsurance or any par~ thereof w~thout waiving or a(fectiny any opt~on, lien, equ~ty, o~ ~~ght unde+ or by virtue of this Mwtgage, and ~he !,,i1 amount of each and every such payment shall be immediately due and payable and ahall bear interest from the date the~eof umil paid at the rate ol , ~~~ne per cenWm per annum and to~ether with such interest shaii be sewred by the lien of this mwtgage• ` I. To permit, commit or suffer no waste, impairment o~ deterioration of sa~d property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including a reasonable attwney i fee and costs of abstracts of title, incur~ed or paid st any ti~ne by sa~d MORiGAGfE, because w in the event of the fa~lure on the pa~t of the sa~d h10RTGAGOR to duly, promptly and f~lly per(orm, d~xharge. =.;cu~e, efiect, canptete, comply w~th and ab:de by each and every the stipulat~ons, agreeme~ts, cond~tions, and covena~ts o~ said promissory note and this ,,o~rgage any o~ e~~her, and sa~d costs, charge~ and exFenses, each and every, shall be immediately due and payable; whether or not there be notice de, e ~:,,nd, attempt to cotieu or wit pending; and the full amouN of each and e~ery such payment shall brar interest from the date thereof until paid af 1F~e u~ ~~~~ie ~r certwm ~r annu~r, and all said costs, charges and expenses iocurred or pa~d, Iogether wdh wth interesl, shall ba secured by the lien of thii rr.ortgage. 6. That (a) in the event of any b~each of this Mwtgage or default on the part of the MORTGAGOR, or (b) in the eveM any of sald sums of money F.ereln refe~red to be not promptty and fully paid within thuty ~30) d'eys neat after the same seve~alty become due and payable, wi~hout demand or not~te, or ~c} in thr evem each and eve.y ~he suputarions, agreements, cond~tions and covenants of sa:d prom~ssory note and th~a mortgage any or either are not i~:y, prompNy and f~l~y perfwmed, d~schar9ed, ezecuted, eifec!ed, completed, comp~~ed wi~h and abided 5y, then in eifher o~ any such event the said ag a raate wm mentio~~ed in said promisswy note then remaining unpaid, with interest acuued, and all mooeys secured hereby, shall become due and pay- e fo~thw;th, or thereafter, at ~he option of said MORTGAGEE, as fully ar~ completeiy as ii all of ~he said sums of money were or~ginalty stipu:ated +c ba pa'd on such d~y, anything in sa:d promisswy note or in this Mwtgage to ehe contrary notw~thstandi~xJ; and thereupon or thereafter a~ the opuon of s•:i MORTGAGEE, without notice or demand, suit at law or in equity, therefore or tfiereafter begun, may be prosecuted ss if all rt~o~eys secured hereby n d matured pno? t0 itS inslit~tion. 7, That in the event that at the beginning of or at any time pending any suit upon this Mortgags, w to foreclose it, or to reform it, or to enforce : ;,.i~ment ol any claims he~eunder, said MORTGAGEE shall apply to 1he Court having jurisd:dion thereof for the appointment of a Receiver, such Cou~t shaH r, -rF,~vith appoint a rece~ver of said mwtgaged property all and singuiar, inclvd~~g atl and singul~r the income, profits, issues and revenues from whatever 4 s:rce deriv~d, eech and every oE Wh~ch, it being e:pressly unde~stood, is F.ereby mortgaged as if specificatly se~ forth and described in Ihe g~anting a~d '.endum ciauses hereof, and such Receiver shall have all the broad and effective funcuons and powers in anyw+se entrusted by a Court to a Receiver, and s ch appointmcnt shall be made by such Court as an adrnitted equity and a matrer of absotute riqht to said MORTGAGEE, and wiihout reference to the a::aoacy or inadeq~acy of the vatue of the prope~ty mortg~ged or to the soivency or i~sclvency of said MORiGAGOR or the defendams, and that such :,!s, profits, inco,ne, issves and reveoues shall be appGed by auch Receiver accordb~g to the lien or equity of sa~d MORiGAGEE artd ~he practice of such 1 i Court. 8. To duly, promptly and fully perform, discharge, execute, effect, complete, comply wi?h and abide by each and every the stipulations, agreements, cc~ditions and covrnanrs in sa~d promissory note and this mor:gage set forth. 9. That in the e~ent the ownership of the mortgaged premises, or any part thereof, becomes vested in a person-othe? than the MORTGAGOR, the .'QRTGAGEE, its successors a~d assigns, may, without notice to the MORTGAOR, deal with such successor w successw in inte:est with reference to this ~ o•~gage and the d:•ut F.ereby secured in the same manner as with Mortgagor without in any way vitiating w d~scharging ft~e Mortgagors' liability her~ ~.;~der or upon the debt hereby sec~red. No sale of thr Fremises hereby mortgaged and no forbearance on the parf of the MORTGAGEE w its successors J' dSS~gns and no eare~sion oF the timr for the payment of the debt hereby secured given by the MORTGAGEE or its successors or essigns, a~wll operate ~o relcase, d~scharge, modify change w affect the original liab~lity of the MORTGAGOR herein, either in whole or in parl. 10. It is spec~ficatly agreed that time is of• the essence of this contract and that no waiver of any obligation hereunder w of the obligation sr cur•~d hereby shafi at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured he~by. I l. 1~ add.rio~ to the forego ~~g month!y payments of print pal and interest requ~red by the promiswry no!e sec~red hereby, mortgagor covenants ag~ses tc pay to mortgagee with each monthfy pay~nent an add~~ional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the follow- 't ~ A-~f! •eal prope~ty taxes le•.ied or assessed agai~st the above described real estate. , B-Pr,:~,:~ums on fire and windstorm insvracce as he~e~n ?equ:red to be carried on the improveme~ts s~tuate o~ the above dsscribed premises. C-Prem~ums on such mortgage guaranty ir.surance as mortgagee shall from rme to time deem fit to carry on the loan secured hereby. b".o~tgage~ sha'~ 'rcm r~me to time noti4y mortgaqor in wr~ti~g of the amou~t due and payable hereundrr and such sum shall thereupon be due and i ,,~}~r~ on th~ d.,e date of the neat momh:y payment and each successive month thereafter uctil mortgagee shall notify mortgagor of a change in such ~ o.,r,t. S~ch sums sha:l be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, a~id mortgage guaranty insvrance ~ ;..eT~iums. ! IN 1~'11TP~ESS YiHEREOF, the said MORTGAGOR has hereunto xt his hand and seal the day and ear first afwewid. _ I / ed,.5ealed an d" er in the presence of: -_w ~ ~ U'~/~/~.1.W176 ~n 1 J ~j (Seaq i r~Ji„Z .%'i ($Oan ~ Gail Birket rxaq S-ATE Of FLORIDA ~ St. Lucie ~ :JU'dTY OF Before me personally appeared ~111i3I~1 J• Birket a~d Gail Birket his wife, to me well known and known to rrK to be individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes th~rein expressed. And the said Gail Birket .;f, Wlll'13A1 J. Birket ~"'a~ arate and rivate c of the said ~'~P P _~.am~nat~on by me taken separate and apart from her said husband, ackrawled9ed to and beforo me that she execvtad sair irqtrument'f~eely and volurt- ~~•~,y and v.~thout any computsian, co~straint, apprehension, or fear of w from her said husband. ' ~ da AIIGUST - i93~_ WITNESS my hand and official seal thi• y of : ~ ~ Notary Public in and for tFie State vf ida at'la~ge ~ My Commission expires: • = i . ~ 1. _,,.':.`..a_ Return To: ~ P(j~C, $F -FLORIDA at UIRGE First Federal Savings d~ Loan Association ~ 35~41 l Of fort P e:ce. M~ ~ ~~'~~1~S SEPTr ZS, 19~J fort Pierte, F!o~ida ~can 1ian~cer5 ~nsu~snCe Cq. ~ f) LEO ANp Af~q~ • _ _ ~ ~ This Instrument Prepared By : Richard K. Kayes :T•1.4lC1E COUMTI~~~ - First Federai Savin s 8~ Loan Association BOCE« FOitR~ ~ ~ 9 CIERR C! .CUIT of Fort Pierce ~ Florida 33Lt50 RECORD VEF:FtfD,,.,~„~~ Checked By ~ 1~ ~1 ~ ~ ~ ~0 k ~:lli~ ~AC~ ~ ' ( - 1 t - ~ r, _ _ ~ ~ Y~ Y~~ ~ ° ,t.k r m, V