The URL can be used to link to this page

Home My WebLink About0544 3. To p:ace and continuouily kerp on the buitd~ngs now w he~ea(ter ~ituare on saFd land and on all equlpment and pe~so~ally covered by fhis mortg- sg~, with sll prem~umi thrreon pa~d in full, fire ins~rance in the usual standard policy form, in a sum appro~ed by the MORTGAGEE, and wi~ds~orm insurarx~ i~ the usual ttandard pol;cy fam, in • sum •pproved by ~he MORTGAGEE, in tuch campany o~ compan~et ai the MORTGAGEE may direcl; and all (ire and w~ndsto~m insurance po~icies on any of ssid build~n9s, ~ny interest therein o? par~ thereof, in the aggrega~e ~um afaesa~d or in excest thereof, tAal~ co++tain the usual standard matgagee clause w such other claus~ a~ tM Mortgayea may rrqu~re, ma4inq ~hs Ioss under ia~d po16 cies, eacA and every, payabl~ ro ss~d MORTGAGEf as its intereet may sppea?, snd each a~d cye~y such policy ~hall be promptty asn.gned and de~ivered to any held by u~d MORTGAGEE as funher securi~y to said monyage debt, and, not leu than ten (10) days in advance o( the expirat;on of each Foticy, to da liv~r to said MORTGAGEE a renawal thercof, together w;~h a receipt fw fhe premium oi tuch rs~ewat; end ehera ;~,o;! bs ~o i;re o~ windsrorm insurance pl~ced on ~ny of said buildinys, any interest thersin or part th~~eof, v~~eas in ~he form and with tM lou payable as afwetaid; and in the eveM any sum of money becomq payable under tuch poliq o~ pol~ciei ~aid MORTGAGEE shall havs ths opt~on to receive and apply the same on accoum ot the indebred- ness secwed hereby w ro permit ~aid MORTGAGORS to rrceive ~nd use it a any part the•eof fw ofhcr pur~wses, .v~tho~t th_r~o~ wa~~~n3 0~ ~~npa~r- ing any equ~ty, lien w righ~ under or by virtue of thia mortgsge; a+~d in the ~vent said MORTGAGORS shall fw any reaso~ fai! to kesp the sa~d premisas so ~nsured, w fail b deliver promptly ~ny of said policies of i~turance to uid MORiGAGfE, or fail promptly to pay fully any prc~nium therefor or in a~y respect fail ro pc~fam, discharge, executa, eifect, completa, camply with and abide by thii covenant, a any part h~rcoi, said MORTGAGEE may place and pay iw such insurance w•ny part thereof wi~hout waiving a•ffecting any aption, lien, equity, w righ~ under a by virtue oi this Mwtgage, snd thE futl amount of each and ere~y tuch payment shaU be ;mmed~,~tsly dw snd payabb and shall bear interest from the date thereof until pa~d at the rate ol nine per centum pet annum and fogether with suth i~ter~t shall be secured by ihe lisn of lhis mortgoge. 1. To permit, tommit or suffer no waste, impai?ment p dete~ioration of said property or any part the~eof. 5. To pay all and singuls~ the costs, charga and expenses, incfuding a reasonable attorney i fee and costs of abstracts oF fitie, incurred or pa~d 'at any time by w;d MORiGAGfE, because or in the erent of the failure qn the parl of the said MORTGAGOR to duly, p~omptly end futly perform, d;ttharge, execute, effett, complete, ~comply with and ablde by each and every the stip~lations, agreements, conditioru, and covenann of said promissory note and ~his mwtgage any o~ either, ind said costs, charges and expenses, each and eve~y, shall b~ immed;aroly due and payable; whether or not there be no~~ce do- ma~d, at~e-~.! to collect or suit pend~ng; and the full amount of each and eYCry svch paymenl thall bear interest from the date thereof until paid at the ~ate of nine oer centum per am~urn; and ali uid cosb, charges and expense: ~ncu~red a paid, together w~th such interest, shall be secured by the lien of fhis mortgegs. 6. That (a) in the event oi any brcach of this Mortgag~ or default on the part of the MORTGAGOR, w(b) in the event •ny of sa~d sums of mo~ey herei~ referred to ba not promptly a~x! fully paid wi?hin thirty (30) days nex~ aiter the same teverally becpme due and payable, without dema~d w notice, or (c) in tha event each srxl eve~y tbe stiputations, agreements, conditions and covenants of w~d promissory oote and th~s mo~tgsge aoy o~ either are not iuly, prompdy and (ully performed, d~scharged, exetuted, effected, compteted, complied w;th and abidad yy, then in either w any such event tiu said ag gregate sum mentioned in said p~om6uwy note rhen remaiaing unpaid, with inferest acuued, and all moneys secured hereby, ahall become due and pay- able forthw~th, w thereafter, at the option of ssid MORTGAGEE, as f~lly and completely as ii a~f of the sa~d wms of money were wginally itipu!ated to be paid on such day, anything in sa~d prom~~sory note w in this Matgage to the contrary notwithstanding; and thereupon or thereafter at ehe opeion ef sa;d MCRiGAGEE, wirhout notke or demand, suit at law or in equity, therefwe w thereaftcr begun, may be prosecuted as if all moneys secured hereby had matured pr~or to its institution. . 7. That in the event that at the beginning of ot at any time pending any suit upw~ this Mort9age, o? to foreclose it, or 1o reform it, or to enforce RayrrKnt of any daims he~eunder, said MORTGAGfE shall apply to the Court having jurisdiction thereot iw the appointment of ~ Receiver, such Court shail forrhwifh appo~nt a receiver of ssid mortgaged property all and singular, includ~ng all and singular the income, prol~es, issues and revenues from whatever sovrce derivcd, each and every of which, it beirg expressly understood, is hereby mortgaged at if specifically set fqih and described in ihe granting and habendum ctauses hereof, and such Receiver shall have all the broad and effective fund~ons a~d powers in anywise ent~usted by a Court to a Receiver, and s„ch sppointment shall be made by such Court as an admitfed equity and a maner of abso(ute r~ght qo .}~id'~lVA~RTGAGEE, and wirhout refererxe to the adequacy or inadcquacy of the value of the ~xoperty mort~aged or to the solvency o~ insolvency of wid-MORTGAGpR w the defer.dants, and ~hat such renrs, profin, incorne, issues and revenues thall be appl~ed by such Receiver accord~ng to the tien or equity oi said MORTGAGEE and ~he practice of such Coutt. 8. To duly, promptly and fully pcrform, dixharge, execute, effect, complete, comply with and abide by each and every the siipulations, agreements, conditions and covenanti in said promiuory note and this mwtgage set forth. 9. That in the event tF~e owrKrship of the mortgsged premises, o? any part tkereof, becomes vested in e person other than tF~e MORTGAGOR, the AtORTGAGEE, its svccessws and ass~gns, may, w;rhout notice to the MORTGApR, deal w;th such succeua or successor in ;nterest with refe~e~ce to this mo~tgage and the debl hereby secured in the same manner as with Mortyagor without in any way vitiating w d~xharging the Matgagor;' liability hert under w upon the debt her~by secured. Np sak of the premius hereby mortgaged and no lorbearance on the part of the MORTGAGEE O~ its successors or ass~g~s and no exrension ot the time fw the payment of the debt hereby setured given by the MORTGAGEE or its successors or aasigns, shall operate ro retease, d~scharge, modify change w affrct the original liability of tF?e MORTGAGOR herein, either in whole or in part. 10. It is speufically agreed that time is of the rssence of this contract and that no waiver of any obfigation hereunckr w oi the obligation sr tured F~e~eby ahall af any time tF~ereafter be held to be a waiver of the terms hereof or of the instrument secured herby. 11. in add~r~o~ to the iorego ng monthty payments of princ'pal and interest required by ?he prom~ssory nore securetJ hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthly payrnent an add~rional sum est~mated by mortgagee to be equal to 1 j 12 of the annual cost of the foilow- ing: A-All real property taxes levied or assessed agai~st the above destribed real esrate. B-Pren:iums on fire and windstorm insurance as herein requ~red to be carried on the improveme~ts sit~ate on the above described premises. C-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the Ioan secured hereby. Mortgagee shafl from time to time notify mortgago- in wnt~ng of the amount due and payable hereunder and auch sum shal! thereupon be due and ,,ayab!e on the due date of the next monthly paymenl and each successive mo~th thereafter ur.til morigagee shall notify mortgagor of a change in such a~~o~m. $uch sums sFai1 be appiied by mortgagee toward the payment of real p~operty taxes, insurance prem:~ms, and mortgage guaranty insurance p~emiums. IN WITNESS YJHEREOF, the sa~d MORTGAGOR has reunto set hes hand and seal the day and year first aforesaid. S~gned, Sealed and deliv 'n the p?esence of: /JG~~~~"~ liL ~ Seal) „ ~ ` (Sealj ~ ~ • ($eal) - ~ .G' t-~t l$eal) SLATE OF FLORIDA ~ St. Lucie COUNTY Of ~ Beiwe me personally appeared RoT18,ld L, Courtney and Jacquelyn W. Courtney, his ~?ife a~ ~r,Tilliam L. Bailey and Lois S. Bailey his wife, to ~,e W~n k~wwr, and knvwa"to ~~o t~ th~ ,nd,~,duats desu~bed in and who e~ecuted tke fwegoi.•g instrument, and ackrawtedged before me that they exetu~~tkq~~~ne fw-~he }~urposes thereie ~xP,~xd. ,a~,d tt~,a;a~ac uelvn k. Courtnev, tirife of the said Ron~,;T~,~~ ~Qp~uftiq~e.y: and w;s~.~~~,,;dL,ois S. Ba~lev. wife of the said William I, Bailey ;'~e~`' examinat~on b me taken se .--`-~?-.~vpon a'~e~{ile,and p?ivate y parate and apart from her said husband, acknowkdged to and before me that she ,e~l~[~iad,~'said ~nMrwnp,m'freel~,and volun- ra.;ty and without any computsion, consrreint, apprehtnsion, o/r feu of or from her said husbartd. ~ . ~ ~ t'fl J ` • - . WITNESS my hand and offic;al seal thi: day of -7a22t1a7cV D._19~_ r T r . ~ \ r ~ . t ~ v _ ~ 1 C2 ' 1 C_c l.2 . _ i: „ , ~ : Notary Public in and ~for t~ te(~if~FlOr~a at~gre My Commissioa expir~ . Rerurn To: ' d7;~~'p~••••~•'~~p( ~OP.tDA af U1RGE First Federsi Savings b Loan Aasociat~on ? ''G~'l~11, S~1'1 EXPIRES SE~ L["5, 1975 Of Fort P~e«e. :~~d 3~i Arttoiieap Bankers 1r,;;;rance i:o. Fort Pierce, Fbrida f lED AM~ REC,~ROE cuc~~ couM~r fi,~ This Instrument Prepared By J. N. Roberts, Jr. ROCFA p01r~~S First Federal Savings & loan Associ~tion RECp~Rp y p!~ CUIt COUA1 ~ of Fort Pierce . Floi rda f~ FIED,~ ! t~ JAM 11 $ 42 ~ Checked By 73 eooK~~~ rAcE rJ' 4~ 24~089 , - - - - 2 _ . . _ - _ . ; ~