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Home My WebLink About0863 i • 9. To plac~ •nd continvously keep o~ the bui:dingi now o~ here~iter ~i1va1~ o~ said I~nd ~nd on all equip~nent and personally covered by lhis matg- ag~, with sl) premivms thereon pa~d in full, f~re insuranca in ihe u:val standard poficy form, in a sum approved by tf~e MOR(GAGEE, and wind~to~m intwant~ (rt th~ ~su~l s~andard pol:cy fam, in ~ sum approved by th~ MORTGAGEE, i~ ~vch company w companies as Ihe MORTGAGEE may direttt ~nd all fire and winditorm insuru+ce policiei on any of said bvild~nps, ~ny interost therein or part thercof, in tha a~greya+e sum afpesaid or in txteti Ihereof, iMU ca+tain rhi usual standard mortgaya~ clauss w tuch otMr clause as Ihe Mort~a9e~ may ~equ~r~, ma~irp t1+e loss under sa~d poli- cies, each a~d every, payabl~ to said MORTGAGEE a its imeres~ may appsar, and each and every such policy shall be promptly au.gned and detivered ro •ny held by said MORiGAGEE as (urther iecurity to iaid mw~gafle dtb?, ~nd, not les~ thao ten ()0) days in advance of the expiration ot e~ch policy, to ds- GvN ro said MORTGAGEE a renew+l thercof, topethtr with • reteipl for the p~emium o) iuch rene«ats and thero shall be no f~re o~ wlndstorm in~uranc~ plsc~d oe~ ~ny oi taid buildi~gs, ~ny intereit ther~i~ a p~rt tMreof, vnless in ~M form ~nd wi~h 1M loss payable st a(oresaid; and in th~ svenl any ium of rtwney becemes pay~b7e undt~ such policy a policias taid MORTGAGEE shall Mve ~he optio~.to receive and apply the iama on accounl of the indebted- ness iecw~d Ix~eby w b permit s~id MORTGAGORS lo rtceive and us~ if p any parl thereof for otner purposes, w~thout ~h:~eu~ waivi~sg or unpai~- ing any eqv~ty, lien q right unde~ or by virtue of this mosi9sge; end in tha event sa~d MORTGAGORS shall fw ~ny reaion fail to keep the said premiszs w insuted, or f~il to deliver promplty any of said policies ol insurance 1o sa~d lNORTGAGEE, or fail promptly to pay fulty any premium therefw or in a~y respect f:il to psr(wm, discha~ge, exccute, et(ecl, complete, comply wit1~ and abide by thia covenanf, or s~y parf hereof, said MORTGAGEE may p'.ate ~r~d paY fw ~uch Fnwrancs a any part f}~ereof w~thout wsiving or ~ffectinq a~y oplion. lien. equ~ty. w rght unde+ w by virtue of ~his Ma~ga9e, and the full amount of each and evc~y such paymenf shall be immediately due and pay~bls ~nd ifwll Desr interest from ths date thereo/ vnril paid at ehe rars o! n~ne per centum per annum and ~ogNhrr with such interest shall be iecu~ed by tbs lisn of this matgage. 1. To permit, commit or sufter r?o wu~e, impa;rment or deterioration of said prope~ry or any part thrreof. 5. To pay ~II ~nd s;rgular the costs, charpes and expe~aet, includu+g a rc+so~able et~orney i fce and cwts of ab~trects of tiHe, ir~a rred w pa~d ~t any time by said MORTGAGfE, because or in the event o1 the fa~lure on the part of ths iaid MORTGAGOR to duty, promprly and futly perfo~m, d~ubarge~ t ezecute, etfecl, comptet~, comply with and ab:de by each and every ths stipulations, agreemen~t, cond~Ywn~, and covena~ts of isid promiasory note and thi~ mortgape aMr w ei~he~, and said cosn, cMrges and expensea, e+cl+ and every, ihall be immediately due and payable; whether or not there be notice cie mand, attempl to collett w su:t pending; and the full amount oi each end every such paymeni thall besr interest from the date thereof until paid al the »>e of nine per centum per a~:~m: and atl said costs, charges and expenies incurred w paid, toge~her w~th such interest, shall be secured by the lien of thii mortya~e. _ 6. That in the erent of any Ixeach of th~s Mortgage a defaut~ o~ the pan of rhe MORiGAGOR, a(b) in tF~e event any of sa~d sums of money he~eirt ~eferred to be not promptly and fully paid within thirty (30) days nex~ afte~ the same xverally become d~e and payabk, without demand w ~otice, or (cj in the event each and every the stipulations, sgreements, cortdi~ions and covenann of sa:d promiuory note and th~s margays any oi e~ther a?e nof ~uly, promptty ~~d fully performed, d~stharged, executed, effected, com~leted, complied with and abided by, then in e~ther w any such event the sa~d a¢ gregate wm mentio+xd in said promissory note thm ~emaining u~paid, with interest accrued, and all moneys secured he~eby. shall become due and pay- able forthwith, o? thereafter, a? the opuon of said MORTGAGEE, as tuity and complerely as if aI! of the said sums of money we~e o?iginally sr~putated io be Ra~d on such day, anything in sa~d promissory note w in this Mortgage to the contrary notwithstaoding; and thereupon or thereafte~ at the option of E said MORiGAGEE, without notice or demand, suit a1 law ot in equity, therefore or tFKreafter begun, may bt prosecuted as if all mortey: tecured 4?creby ~acJ maturtd pnor t0 its institution. 7. iAat in the event that at the begin~ing of or at any time pending any wit upo~ this Mortgage, or to fwectose it, or to refwm it, w To enfwce paymeot of any claims Ixreunder, said MORTGAGEE shall apply to the Court having jur~adiction thereof for the appointment of s Receiver, such Court sha11 forthwith appoint a receiver of said mortgaged property all and singula~, includ,ng aii and singular the income, prof~ts, issues and revenues from whate~er ' sovrce derived, each a~d every of which, it being expressly understood, is hereby mortgaged as if specificaUy sN fonh and desuibed in the granting and ~ habend~m clauses hereof, and such Receiver shatl have slt the broad and effecrive funcr,ons and powera ie anywise entrusied by a Court to a Receiver, and ~ such appointmeM shall be made by such Cou~t as an admitted equity and a matter of abwlute right to said MORTGAGEE, and w7thout reference to the ~ adequacy or inadequacy of ihe value of the property mortgaged ot to Ihe soivency w insolvency of said MORtGAGOR o~ the defe~dants, and that such re~rs, profits, income, iuues and revenues ahaN be applFed by such Receiver accord~ng to the lien or equity of said MORTGAGEE and ~he p~actice of such Court. 8_ To dvly, promprly and fully perform, discharge, execute, eifect, complete, comply with snd abide by each and every the stiputations,•agreements, conditions and covenants in u~d promiisory note and rhis mortgage set fo~th. 9. That in the event the ow.eersh;p of the mwtgaged premises, or any part thereof, becomts vested in a perspn other than Ihe MORTGAGOR, the ; h10RTGAGEE, its successo+s snd ass+gns, may, withovt notice to the MORTGAOR, deal with such succesw? o? successor in interast witF~ reference to thit i mortgage and tFx debt hcreby secured in the same manner as with Mortgagor withovt in any way vitiating w d~uha~ging the Mortgagon' liability here- ( under w ~pon Ihe debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on the paA of the MORTGAGEE w iti successws j or aasigns and no ea~ens~on of the time (or the payrrlent of the debt he.eby secured given by the MORTGAGEE or its successors w assigru, aha!! operate : ro release, d~scharqe, mod+fy change w affect the original liab~l~ty af the MORiGAGOR herein, either in whole or in psrt. 10. If is speciiically agreed fhat time is of the essence of this contract and that no waiver of any obligation hereunder or of the oblgation se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof w of the instrument secured herby. 11. In add~tion to the forego"ng monthly paym=nts o~ pri~c'pal and interest ~required by th~ prom~ssory note secured hereby, mor~gogor covenanis and agrees to pay to mo:rgagee with each mont6iy payi~zent an add~~ional sum esnmated by mortgagee to be eq~a! to 1 jl2 of the annual cost of the foltow- ing: A-All real property taxes levied or assessed agai~~sf Ihe above desc~ibed reat estate. B-Premiums on iire and windsto:m insurance as herein rrqu~red to be carried on the improvements situate on 1he above destribed premises. ~ G-Premiums on such mortgage guaranty insur'ar~ce as mortgagee shafl from t~me to time deem fit to carry on the loan secured hereby. k Mwtgagee sfial! from time to time notify mortgagcr i~ writing of the amount due and payable hereunder and such sum shatl thereupon be due and §i cayable on the due uate of the next monthly payment and each successive month thereafter ur.til morfgagee shaN notify mortgagw of a thange in such f amovM. Such sums shal! be appiied by mortgagee toward the payment of rea~ propeny taxes, insurance prem:ums, and mortgage guaranty irtsurance premium3. IN WITNESS WHfREOf, tF~e said MORTGA(',OR has hereunto xf his hand and seal the day and year fi~st alwesaid. Signed, Sealyd and deliXC~ed in the preserxe of: ~ ` ~ i ~e~~, 'i/~ill~~ii~~,s ` ~ , 0 , 1,~ ' ~ ~.//..tis.f~ ~Ll,~s ISea4 ~ r~q STATE OF FLORIDA ~ couNnr oF St. Iucie ~ Before me personally appeared ~32'YA$ BU2'I'89C~8 and ` " Ituth E. Burreseia his wife, to me well kaO~JA~~~~~~ ~ ~ta•me fe be rhe individuels described in a~d who executed the foregoing instr~ment, end acknowledged before me that they ex~~! ~he-s T6r, tf~~psf~5oses therein expressed. And the said ~llfi~l ~S• B13I'Te3C~8 ,•r~. Charles Burrescia ! r:ife of the said _ ~ P RP~+ft"~~d',~?(v~ts j eaam~nation by me taken separate and apan ;,om he~ said husband, sdcnawledged ro and before me that she execute~'s~i instrument :freel~l iwd_v01un- tar~Iy and without any compulsan, constraint, apprehens~ or fear of w from her said husband. ~ S J; ~ WITNESS my hand and offic~al seal this ! CJt. day of 3ti p; p, ~9~_ , ' ' r : ~ r_~ a f Notary Public in and for the. t•~ f~i{orid~'~ tacye ! Return To: My Commiu"wn expires: ~s~ NOTARY PUBLIC;'STATE of FI.OP,IDA at U1R~ First Federal Savings d~ Loan Association ~ MY C01~'.itSSidN fY.P1RES SEPT. Y;,. 197~ ~ Of Fon P~erce. BClIdEd Eiii'~ipil B3SiiCeS 1(iS:iCiI1C8 LJ~ Fort V;erce, Florida ' ~ ~ 2~Q8 i~ ` fT~l~ ~ ~O~NTY Ff ~ This Instrument Prepared By $Obgl't A. Sxisher ROCFn ~~}j7RAS ~ i First Federa) Savings & Loan Association ~~CRR C:•cCUI~ COIIAT of Fort Pierce~ F"lOTidB Rf~nF~ yE;,i~~Ep~ ; ~ Checked By ~ g 3 36 ~M'13 ; ; ~ 1 ~ . , 3~ r ~17 Pai}- ~ ~ ~ :i ~ - - ; - - - - ~ ~ a ~ $ _ _ e~..._ _ . . ~ .