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Home My WebLink About1653 3. To place and continuously keep on the bu~!d~ngs now w hereaiter ~~tu~te on said I~od ~nd on ali equ~pment and pe?so~~lly covered by this mor~g- sg~, with all premiums thereon pa~d in full, tire insurance in the usual ~ta~dard poticy form, in a sum approved by ths MORTGAGEE, and windatwm insurance in fhs usual se~~dard poltcy (am, Fn s sum approved by ths MORTGAGEE, in such comp+ny or companies si the MORTGAGEE msy directj ~nd ~II fire and w~ndstwm i~iura~ce polluei on any ot iaid buitd~nps, any iMeres~ th~rein or part the~eof, in ~M +gg~eg+te sum ~fo~esaid a in exceu ~hereof, ihall contain the ~wai star+dud mortgagee ctauss o~ such orher clauss as the Mortgagee may requ~re, maMin~ ths loss unda sa~d polF cias, each ~nd every, payable to said MORTGAGEE ~s ib interrft may appear, and each and every s~rch policy thall bs promptly ais.gned and detivered to any hsld by said MORTGAGEE ~s further seturity to uid mortgage debt, and, not leu than ten (t0) days in advance of the expi~ation of each polity, to da ~Ive~ to taid MORTGAGEE a renewal thereof, together with s rece~pt Iw tha pramium of tuch renewai; and ~hers shall bs no fire or windstorm insurancs plsced on any of said buildings, any intcrest there~n a part the~eoi, unleu in ~he form and with 1hs lou payabls ai afpeuid; and i~ the event sny sum of money becprns payabte under •uch poticy or policies wid MORTGAGFE shall havs ~he opt~on to receivs and apply the same o~ account of the indebted- ness secured hereby w ro permit aaid MORTGAGORS to receive and u~e it w any part thereof fcr oiner pu.poses, v.ithout thareb~ wa~~i,ig or ~~npai.- ~~+g any eq~ity, liee~ or righl uoder w by virt~e of thts mo:~gage; and i~ the event said MORTGAGORS shal! fw any reason fai) to keep the said prem~srs io inav~ed, w fail ro deliver pranptly any of said policies of insu~ante to ssid MORTGAGEE, w fail promptly to pay fully any premium therefot or in any reipect fail to perform, discharge, execute, ef}ecl, comp~ete, comply with and abide by thit covenanl, a sny parl hereof, said MORTGAGEE may ptace and ~ pay fw such insurance or a~y parf the~eof withovt waiving or affectir~p any option, lien, equity, or righl u~der o~ by virtu~ of this Mortgage, and the ~ tull amoun~ of each and every such payment shall be immediately due and payable and shall bear interesl from thq date thereof until paid at the ~ate ol nine per centum per annum and to~ether with such interest shaii be secured by the lien of this mort9age. 1. To permit, commit or suffer no waste, impairment or dete~io~ation of said property a sny pan thereof. - 5. To psy ali and singular the tosts, charges and expenses, including a reaso~able attorney's fee and costs of ab~t~ads of titla, incurred w paid a~ any time by said MORiGAGfE, betauu a in the event of the failure on the pa?t of the said MORiGAGOR to duty, promptly and fully perfw~~, discharqe, execute, effect, complete, comply w~th and ab:de by each and every the stipulat~ons, agreements, cond~rions, and covenants of said promissory note and thls mortgage any or ei?her, and sa~d cos~s, charges and expenses, each and every, shall be immed~ately due and payable; whether or not there be notice de mand, attempt to collect or suit pend~ng; and the full amount of e~ch and every such paymeM shall bea? interest from rhe date thereof until paid at the rare of nine per cent~m per an,ium; and all said costs, charges and expenses incurred w paid, together wilh such interest, shall be secu~ed by the tien of this mortpape. 6. That (a) in the event of any breach of this Mwtgage w defaul~ on tM part of the MORTGAGOR, or (b) in the event any o( satd sums of money herein referred to be not promptly and folly paid wl~h;n th;rty {3p) days next after the same severa!ly become due and payable, witAout demand or notice, ' o+ (c) in the event each and every the stipula~ions, agreemems, conditions and covenaMS oF sald promissory note and th~s mwtgage any or e~ther are not ~uly, promptly and fully performed, d~scharged, execured, effected, completed, compl~ed w7rh artd abided Sy, t)xn in eifher w any such event the said ag gregate sum mentioned in sa~d promisswy note then remaining ~npaid, with interest accrued, and a11 moneys secured hereby, shall become due and pay- able forthwith, or therea4?er, at the option of said MORTGAGEE, as fully and comp(etely as if all of the said sums of money were o~igina!!y st~pviated to be paid on such day, anythinq in sa;d promissay note w in this Mwtgage to the tontrary notwithstanding; and thereupon w thereafter a1 the opt~on of ~ sa~d MORTCaAGEE, without notice w demand, suit at taw w In equity, tF~erefore or thereaiter begun, may be prosecuted as if all moneys secured.hereby nad matured pnor fo its institution. 7. Thaf in the event that at the begi~nirg of or a! any time pending-any-auit upon, this Mortgage, w to foreclose if, or to tefwm it, or fo enforce paymeM of any claims hereunder, said MORTGAGEE shall apply to the Court having jur~sdiction thereof for the sppoi~tment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property atl and singular, inctud~ng all and singular the i~come, p~ofits, issues and revenuea from whatever ; scurce derived, each and every ot which, it being expressly understood, is F.ereby mortgaged as if spec~(ically set fwth and desuibed in the granting and habendum clauses hereof, and suth Receiver shall have all the broad and effective funct~o~s a~d powers in anywise entrusted by s Court to a Receiver, and s~ch appointme~~t shall be made by such Cowf as an admirted equity a~d a mauer of absolute right to said MORTGAGEE, and without reference to the . adeqvaty or inadequacy of the value oi the property mortgaged or to the :oivency or insolvency of ssid MORTGAGOR or the defendants, and that such renrs, profiR, income, iuues and revenues shatt be apptied by such Receiver accord~ng to rhe lien or eqvity of said MORTGAGEE ~nd the practice of such CouA. 8_ To duly, promptty ar+d fully perform, discharge, execute, elfect, complete, comply wit6 and abide by each and every the stipulations, agreements, conditio~s and covenant: in said p?omisswy note and th~s mortgage set forth. 9. That in the event the ownership ot the mortgaged premises, or any part thereof, becomes vested in a person olher lhan the MORTGAGOR, the MORTGAGEE, its successws and assigns, may, wifhout notice to the MORTGAOR, deal with such successw a successor in interest with reference to this mortgaye and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating w diuharging the Mortgagors' liability herr under or ~pw~ the debt hereby secured. No sale of the premises hereby mortgaged and no iwbearance o~ the part of the MORTGAGEE o? its successors or assigns and no extension of the time fw the paymem of the debt hereby secured given by the MORTGAGEE or its successws w auigns, s5a11 operate ro releax, d~scharge, modify cha~ge or affect the wiginal liabitity of the MORTGAGOR heiein, either in whole or in part. t0_ It is spec7fically agreed that ti,ne is of the essence of th;s contract a~d that no waiver of any obl~gation hereunder w of the obtigation sr cured hereby shall at any time thereafter be held to be a waiver of the terma heret,: or of the instrument secured herby. 11. In add~tio~ to the forego:ng monthly paymarts of princ'pal aod interest required by the prom~ssory note sec~red hereby, mortgagor covenaMS ~ and agrees to pay to mortgagee v~ith each monrhly payrnent an add~~ional sum est~niated by mortgsgee to be equat to 1;!12 of the annual cost of the follpw- t ~ng: A-All real p.operty taxrs leviec' or assessed ag~i~st the above deuribed real estate. ~ B-Premiums on fi~e and windstorm insurance as here~n requ~red lo be carried on the improvements situate on the above described prem+ses. C-Premiums on such mortgage gvaranty iasurar~te as mortgagee sha11 from t~me to time deem fit to carry on the toan secured hereby. Mortgagee shall from time to time notify mongagor in writing of the amount due and payabk hereunder and such sum shall thereupon be due and ;.ayable o~ the due date of the neat month!y paymem and eath successive month thereafter ur.til mortgagee shall nofify mortgagor of a change in such a-^ount. $uch sums shall be applied by mortgagee toward the payment of real property taxes, insurante prem;ums, and mortgage guaranty insurance ~ . p~emi~ms. . IN Y~ITNE55 WHEREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ! Si ned, Sealed and delivere~f-+r the prese~ce ofi: t / ~ • ,s an , ~ ~G_1 .C- J~~ ~~..s_ .~,Gtii Ronald L. Courtaey ' (Sea~ i • ' - h - c~ ~ ~ (Ses9 ; J ~ Ue W. COUItne (seaq I f S7A7E OF RORIDA 1 ~ $t . I.1]C 1@ T 55. ~ COUNTY Of ( ~ Befwe me personally appeared Ronald L. Courtney and ; .laCQt1Q1~?fl 1A1. CO11Zt11@y/ his wife, to me well known and known to me fo be E rhe individuals described in and who executed the fwegoi instrument, and acknow{edged before me that they executed the same for the purposes Jac uel n 1~. Gourtne j rherein expressed. And the said q y y E w~fe or ~~a - Ronald L. Courtney f upon s separate and privste j examination by me taken separate and apart irom her said husband, atknowl ed to and befwe me that she e:etuted said instrument freely and volun- ~ ; rari{y and without any compulsion, constraint, appr s' ,iyrC/ear o rom said husband. ~ ~ WITNE55 my hand and offic;al seal thi day of A. D. 19 ~ Z ~ Ma ~ 3 ~ ~ _ L~ ~~L-~ ,~~E~ ~ Notary Public in'and for the State c,F Flwida a~ (adge~,... My Comm+ssion expires: ~ ~ ~ ~ Return To: , _ v ; L ; First Federal Savings b Loan Association - , ~ Of Fort P[erce. ~ '~:Y ~ , . „ 'r FIORIDA ~t LAP.f,E " Q ' ~ . = ~ Fort Aierce. Ftarida ~~j~ . 14ii: 191~~ ~ ~ . - v v ` ~ f ~I~/~~ ~.V~`~T'j~~ t- ° This Instrument Prepared By - Gary F. Ellwood ~ i,~.`' ~ First Federal Savings & Loan Association FILEG JuMZY FLA. ~ ~ ~ of Fort Pierce ~ Flori.da St.LUC. ~t• :~+~RAS ; RU•.; _ ..~.~T CCURT `4 Chetked By ~ ~nFa Yr ::c.,~,.~---"~' a ~ pff...~'~ - ~ 3 ~2 PK''~3 ~ ~AY 2~ Boo~ 214 PACE1652 ~ ~ - - _ ~ : 3 ~ ~ a,. h ~ : _ . , l.~_, ~;~r,~~,. ~.3..= .Y