The URL can be used to link to this page

Home My WebLink About0349 3. To piace and con~~nuo~siy keep on ~he b~~:d~ngs now or hereaf~er ~~tuate on sa~d land and on aH eq~ip~nent and per~onaliy covered by th;s mo.~g- ags, wiih ail prem~ums thereon pa•d in futl, fi~e insurance ~n the usual srs~da~d po~icy (orm, in s sum approved by the MORjGAGEE, and w~ndstorm insurante In the uiual s}andard pol.ty (orm, in s sum approved by the MORT~AGEE, in tuth to+npany or co+npanies as the MORIGAGEE mey diroc~; +nd all firs ar.d w~ndsform insuronce po~ic~ei on any o( ~aid build~ngs, any interest therein or part thereoF, in the aggrey~}e sum sforesa>d o~ in ~xceu ~Aereo(, t~al~ contain ~he utiual s+andard mortqagee clause w such o~her clause as ~he Mo~tgagee mey requ~rs, mali~g tt~e loss under sa~d po~~ ue~, each ~nd evay, payab!e to said MORTGAGEE as in interes~ may appear, and eacA and every such pu~~cy ~hall Ix p~omptly ass.gned a~d delive~ed to any held by said MOR?GAGEE ss further aecu~ity ro said mortgage deb1, and, not !ess lhan len (10) days in advaue of the oxpiration o} each poGCy, to dr liver 1o said MORTGAGEE a reruwal thereof, togc!tie~ wi~h a ~eceipt ior 1M premium of such renewal; and Ihere ihall be no f;~r or windstorm insurance placed on sny ot w~d bvildings, any interes~ therein a psrl thereof, ~nlasi in ~he form and wiih Ihe lo~s payable as aioiesaid; and in ~he event any s~m of money becomes payable under such poticy or policies said MORTGAGEE shall have the opt~on to receive and apply the same on accounl of the indeb~ed- nes• •ecu~ed he+eby w ro permit said MORTGAGOR$ Io receive and use it a any part the~eof lor otner purposes, ~v~~ho~t th ~.ru~ wsw~ ~g cr u~~pain ing any equity, lien or right under a by virtue of thi~ mo:tgage; and in the evenl sa:d MORTGAGOK~ s~ ~!1 for any reason lail to keep the said p~emisrs so ~nsured. or fail to deliver p~omptly any of said pol~cies of insu~ance to sa:d MORTGAGEE, w fail promptly to pay fully any pre~n~um therefor or in a~y ; ~espea fail to per(orm, d~scAarge, execute, effect, complere, cOmply with and abide by this tovenant, w any par~ hereoi, said MORTGAGEE may p~~cz a~~d { pay fa tuch insurance or ~y part thereof without waiving w effeding any option, ~ien, equity, or ~~ght undr or by virtue of tfiis Mwtgage, and the i t~il amovnt of ea<h and e.ery such paymem shall be immediately due and payable and shall bear interes~ from ~he date ~hereof until pa~d at the rate ot ~ n~ne per centum per annum and to~ether with such interest shall be secured by the lien of this mortgage. t. To petmit, commit or sulfer rro waste, impairment w deterioration of said property or any part Ihereof. S. To pay all and singular the costs, charges and expenscs, inctud~ng a rea:onabfe at~o~ney i fee and costs of abstracts of title, incurred w paid at eny time by said MORiGAGEE, because a in the event of the failure on the part of the said MORTGAGOR to duly, promptly and futty perlam, d~scharge, >xecute, e(fca, complets, comply w~th and ab:de by each and every the stipulat~ons, ag~eements, conditions, and covenants of said promiasory note and ~h~s mor~gage any or either, and sa:d costs, charges and expenses, each and every, ahall be immediataly due and payable; whether w not the~e be not~ce dr mand, attempt to collcct w suit pend+ng; and the full amount of each and every s~ch payment shall bea. interest from the date thereof until paid at the : rate oE nine pec_tentum u~~ aiuw:n: and ali ~did costf, thargea and expenses incurred a paid, together wuh such imerest, shalt be secured by the lien of thls ; mottsa~s. _ _ _ _ ~ _ . . , _ . _ 6. Thal (a) in the event of any breach oi this Mortgage w default o~ the part of the MORTGAGOR, or (b) in the event any of uid s~ms of money ~ herein referred to be no1 promptly a~x! iully paid within th~rty (30) daya next after the same severa!!y become due and peyable, wiihout demand or ne+~+ce, or (c) in the evcnt each and every the stipu:ations, agrerments, cond~tions and covenam~ of sa;d prom~ssory note and fh~s mo~tgage any a e~fher are no! ~uly, promp~ly and fully perfwmed, d~scharged, executed, effected, compteted, complied with and abided 'ay, 1Fxn in either or any such eveM the said ag ~regate sum mtntioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay- € eb'~e fo~thwith, or ?hereafter, at thc oprion ot said MORTGAGEE, as fully and completely as iF alt of the aaid sums of money were origin+lly stlpulated to be pa~d on svch dty, anything in sa:d promisswy note or in this Mortgage to the contrary nolwithstanding; and thereupon or thereatfer at the op~~on of sa:d MORTGAGEE, without notice o~ demand, suit at law w in equity, therefwe or thereaiter begun, may be prosecuted as if afl maxys secured i~ereby n;d matured pnor lo As inaliturion. ~ 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, w to foreclose it, or to refwm it, or fo eniorte payment of any claims hereunder, said MORTGAGEE shall apply to fhe Court having ~ur~sd~ction thpreof fw th~ appointmeol of a Receiver, such Court shail Fcrthwirh aopo~nt a~eceiver of said mortgaged property all and singular, includ:ng at1 and singula~ the income~ prof~ts, iasues and reven~,es from whatever source de~~ved, each ar.d every of wh~ch, it being expressty undersrood, is hereoy mortgaged as if tpecifically ut fwth and d~acribed in the g~aming and hacendum c!a:;:as hereof, and such Rece~ver ahal{ have all the broad and effective funct:ons and powe~i in anywise entrusted by • Cour1 to a Receiver, and s„ch appointment shall be made by such Court as an admittrd equity and a maner of aDsolute right to said MORTGAGEE, and w~thout re(erence to the ede~vecp a~nac#eqvacr oi ~he vaw~ o( ihe p~opr~ty mw~g+ged or to tbe so:va~cy or :nsotvency of said MORIGAGOR or the defe~da~ts, a~d +hat such rems, profits, income, issues and revenues shall be applied by such Receiver accord~n9 to the ~ien w equity of said MORTGAGEE and the pracTice of such Court. 8. To duty, promptly and fully perform, discharqe, execute, effect, compiete, comply with and abide by each and eve~y the stipulations, agreements, :or.ditions artd covenants in said promissory note and this mortgage set forth. 9. That in the event tF~e ownership of the mortgaged premises, or any part thereof, 6ecomes vested in a pe~son olher than the MORTGAGOR, tne h1pRTGAGEE, ifs succeuors and ass~gns, may, wirhout no~ice to the AM1ORTGAOR, deal w~th such successw o~ successw in interest wi~h ~eference to this mortgage and the debt hereby secured in the same manner as w~th Mortgagor without in any way vitiating w d~uharging the Mortgagori liability hcre under w upon the deb~ hereby secured. No sale of the premises hereby mo~tgaged and no forbearance on the part oi the MORIGAGEE a its succeswrs or asi~g~a and no extens~on of the time fa rhe payment of the debt hereby secured given by the MORTGAGEE or its successors or ass~gns, shal{ operate ro release, d~scharge, modiiy change or affect the original liability of the MORTGAGOR herein, either in whote or in par?. 10. It is specifica~iy agreed that time is of the esse~ce of this tontract and that no waiver of a~y obligation hereunder or of the oblgation sr c~red hereby shalf at any time thereafter be held to be s waiver of the terms hereoi w of the instrument secured herby. 11. In add:t~on to the fwego:ng month4y payments of princ pai and interest req~"ved by the prom~ssory no!e secu~ed hereby, mortgagor covenants a~d agrees to pay to mo:tgagee v.ith each monthly pay~nent an add::~onal sum est~mated by mortgagee to be equal to 1;`12 of the annual cost of the follow- ~ng: . A-All reaI property taaes lev~ed or assessed agai•~st the above described rrat esrate. ~ 'I S-Prem~ums on fire and windsTO~m insurance a: he~ein req~:red to be carried en the improvements situate on the abo~e d:scr]bed premises. t ~ C-Premiums on such mortgaqe guaranty ir.surar:ce as mortgagee shall iro>.: t~me to time deem fit to cany oo the loan secured hereby. ~ Mortgagee sha~t from t~me to time notify mortgagor ~n writing of the amQunt due and payable hereundrr snd such sum shall thereupon be due and i ~ c.~yable on the due date of ~he next monthly paymeM and each successive month thereafter ur.til mortgagee shall notify mortgagw of a change in such i ount_ Such sums sha,l be app'.~ed by mortgagee toward the payment of real property taxes, inwrante prem.ums, and morigage guaranty insurance ~ c:•emiums_ IN VlIiNE55 'NHFREOF, the said MOR7GAGOR has hereunto set his hand and seal the day a~ year first aforesaid. Signed, Sealed snd delivered in the presence of: ~ - - a~~ ~ _ (sea4 ~ Seaq ~ , ~Sesl) w STATE OF FLORIDA ~ ~ ~ St . Lucie "OUNTY Of Befwe me personally appeared Ronald I.. Courtney a~ ~ ' Jacquelyn Courtney h;s w;fe, to me well known and know =~t~me to~ ~n: individuals described in and who eaecuted the foregoing instrument, end acknowtedged before me that they executed the same~(~R ~{i~q9 ~ rhere~n expressed. And the said Tae~uelvn Co~ tnev ~ V}` ~~!~i~ ~ ~;'e of the .a~a _ Ronald L. Courtney ~~?;~a sep at~nd pnv1~.~: ~ ~ e.am~nation by me taken separare and apart from her said husband, atknowledged to and befo~e me that she executed said inttf~l q f he~c and vol~R= S~'` tar~!y and w~thout any computsio~, constraint, apprehension, ~ear of ot from her said husband. - ~ ~ _ .'r : ~ ~ 7 da of AU Ll t D~ 19~~ r~ ~ W17NESS my hand and official seal this y ~ " :7 •r. - Notary Public in and i the St e of f~wid~ it~la = - My Comm~ssion expires: ' - • • • . Retum To: • s T•; - * First Federsl Savings 3 Loan Associat~on " Of Fort P~erce. „ ' r . ::~i~: . Fort Vierce. Norida 1:~. E'r.%'._ lA;i 1, Z7;I ~ :,meriwn k3a~~~crrs Irtsurance Co. s w~ ~ This Instrument Prepared By Richard K. Kdyes FtLEO wND RECOROED ~ ; First Federal Savinos 8 loan Assotiation ST.lUC1E COUMTY fL ~ of Fort Pierce ~~~cF p0?j~~S ~ , - Florida CLEF.K ~~~GU?T COUR1 ~ Checked By qF~pqp vER'FfEO ~ Auc 30 9 42 AM'Z3 ~ O .:3 ~ BooK 218 P~~ 349 2s2s2 5'- .ve`w' Y~' _ . ~ F . ' ~ . ~ i ' _ ~ ~ ~ ~~_3J3`~s~ _-._..,...,._a_ e-i_~,,,,~ ~ a.. _ . F.c u,;.4 cr~~~~