The URL can be used to link to this page

Home My WebLink About0611 9. To place and coroinua,sly kcep on the kwi'dmg~ now or hereafter lituate o~ ~a~d land and on al; cqu~pment and Fenonally cove~ed by lhis mortg- egs, with ell premiumi Ihereon pa:d in i~ll, fire insorance in the uwal standard policy to~m, in ~ sum approved by the MORiG:.GEE, and w~ndstorm insur~~ce in ~Fk uswl uendard poGCy form, in • ivm app~oved by the MORTGAGEE, in such canpeny o~ co~npan~es as ihe h10R~GAGEE may dirKlp •nd all firs and w~ndsrorm insurance poGues o~ anY of sa~d build~n9s, any interes~ therein or part thereof, i~ the aggrey~~e sum aforesaid w in exceu tnereof, ahaU contain the usval standard matgagee clause or •uch o+her ct.us~ +s the Mwt~agee m.ay reqwro, ms?+n9 the ~oss unda~ sa~d po1F des, each and eve~y, payab~~ to said MORTGAGEE a~ its interett may appear, u+d each and every such poGCy ~hall be promptty ass g~~cd ar.d de~~~ered ro •ny held by sa~d MORIGAGEE as fur~her security ~o sa~d mortgage debt, and, not leu than ten (10) days in advance oi fhe exp~ration of each polity, to da . 11ve~ to ~aid MORTGAGEE a renewal thereof, toge~har wi~h a rece~pt for the pr~mium of such renewal; and there shall be no f«e or wi~~ds~or~n insurance plxed on a~y of t~id buildings. •ny interest therein or parl thereof, unless in the form and wi~h the loss payable as efwesa~d; and in the event any tum of money becomes p~yable under such policy or poGc;as wid MORTGAGEE shall have rhe opt~on ro receive and apply the same on accoum of the indebt~d- neu secured hereby w ro permit sald MORTGAGORS ro rece~ve and us~ it a any pa~~ thereol for orncr pwpcsrs, v.~iho~~ ~h_~~u~ ~va,Y~:,3 0~ ~~~~pa~r- ing any equity, I~en a righl under or by vi~tue of this mot!gage; •nd in tha event taid MORTGAGORS ahall fw any reason fail to keep the sa~d premis.>s so insured, w fail ro deliver promptly sny of said policies ol insurante to teid MORTGAGEE, w iail promptly to pay fu11y a~y prem~um therefw or in a~y rospect fail ro pe~fwm, discharge, execute, effect complete, comply with snd sbide by this covenant, or any part hareof, said MURiGAGEE may place and pay for such insurance or any part the~eof withou~ weiving w affxting any option, lien, equity, or righf under o~ by vi~eue of this Mwtgage, and thc full amount of esch and evay suth payme~t shall be immediately due and payable a~d shall bear interest f~om the date ~hereof until pa~d at the ra~e ol i nine per centum per an~um and to~ether with such inrerest shafl be secured by the lien of thit mortgage- 1. To permit, commit or suffer no waate, impairme~t w deterioration of uid property or any parl therCOf. ~ 5. To pay all and singutar ?he costs, charga and expenxs, induding a reasonable attwney's fee and costs of abstracts of tide, incurred w patd at any time by said MORTGAGfE, because a in' the eient of the faiiure on the part of the said MORTGAGOR to d~ty, pranptly and tully per(orm, d~xhar9e. execute, effzct, comple~e, comply w~th and ab:de by ea:h and every ~he stipula~ions, agreeme~ts, conditions, and covenants of sa~d prom~ssory note and this mo~tgaga any or eithe~, end sa~d costs, charges and expenses, each and everyr, sha~~ be imrnediately due and payable; whether w not there be norice de mand, attempt to collect a suit pending; ~nd the full amovnt of each and erery such payment :hall bea~ interes~ from the date the~eof unti{ paid a1 the rate of nine per centum ~r an,~um; ane~ all said costs, charges and eaprnses incurred or paid, toge~her w~th ~uch interest, shall be secured by the lien of Ihis mo?t~a~. 6. Th~t (e) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, a(b) in the event any ot said sums of mcney herein referred to be not promptty and fully paid w~ihin th~rty (30) days next after the same xverally become due and payable, without de~nand o~ notice, or (c) in the event each and every the stipulat:ons, agreements, condit~ons and covenants of sa;d promissory note and th~s mortgage any or either are nof ~uly, promptly and fully pertwmed, d:scharged, executed, effected, compteted, complied with and ab~ded 5y, then in e~ther or any such event the aa~d ag- gregate sum mentioned in ssid promissay nore then remaining u~paid, with interest accrutd, and all moneys secured hereby, shall become due and pay ebte fwthwith, a thereaifer, at tF~e option of said MORTGAGEE, as fully and completely as if all of tt~e said sum~ of money were w~g~nally ttiputated to be pald on such day, anything in sald prom~sso~y note w in this Matgage to the caiuary notwithstanding; and ~hereupon w tl+ereafter at ?he option of sa;d MORTGAGEE, without notice or demand, suil at law or in equity, therefore or ihereai~cr begun, rc~ay be prosecuted as if al) moneys secured Fureby had maturetl prror to its institution. . 7, That in the event that at the beginning of or at any time pending any su~t upon this Mor~gage, w to fweclose it, or to refwm it, or to enforce payment of any claims hereuoder, said MORTGAGEE shaN apply to the ~ourt having jurisdlttion thereo( ior the appointment of a Receiver, wch Court shall forthwith appoint a reteiver of said mortgaged property all and singuler, includ~rtg all and singular the irtcome, p~oi~ts, issues and revenues f~om whatever source derived, each and every of which, it being express!y understood, is hereby mortgaged as if speufically set fath an.1 dexribed in IF~e grenting and habendum clauses hereof, and such Receiver shall have all the broad and efiective funct,ons and powers in anyvvise entrusted by a Cou~ to a Receiver, and s~ch appoi~tment shall be made by such Court as an admitted equity and a matter of absoluie right to said MORTGAGEE, and without reference to the edequacy or inadequacy o( the vatue of the p~operty mortgaged or to the so~vency or ~nsolvency oi said MORTGAGOR or the defiendants, and that such re~~s, proiin, income, issues and revenues shall be applied by such Receive~ accord~ng to the Iien or eq~ity of said MORTGAGEE and the practice of such Court. B. To duly, promptly and fu11y pe?form, d~scharge, execute, effect, complete, comply w~th arul abide by each and every the stipulationa, agreements, condieions and covenants in said promissory note and fhis mo~tgage xt forth. ' ' 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes vested in a pcrwn ather than the MORTGAGOR, the MORTGAGEE, its successws and ass~gns, may, wifFwut notice to the MORTGAOR, desl with such successor o~ svccessor in inrerest with reference to this mo~tgage and ~he deb~ hereby secu.ed in the same manner as with Nbrtgagor without in any way vitiating or d~scharging the Mortgagors' liability here~ under or upon tFr_ debt F~ereby sec~~ed. (Vo sale of the prem~ses hereby mortgaged and no foibeerance on the part of the MORTGAGEE w its successors or assigns and no extension of the time fo+ the payment oi the deb~ here6y secured given by the A10RTGAGfE or its auccessus or assigns, atiall operate ro retease, d~scharge, modity change or affect the original liab~l~ty of ~he MORTGAGOR herein, either in whole or in part. i 10. ft is spec'rficatly agreed that time is oi the essence of ~his contract and that no waiver of any obliganon hereunder or of the obligaYan sr- cured hereby shaSl at any time thereafter be held to be a waiver of the terma hereo4 or of the instr~ment secured herby_ i i 11. In add~tion to the forego.ng monthly paym~nts of princ pal and ioterest required by tfne prom~ssary nore secured hereby, mortgagor covertanh ! ar.d ag~ees to pay to mortgagee with each monrhly payrnem an add~~ional sum est~mated by mortgagee to be eq~al to i~ 12 of the arnual cost of the follow- R mg: ~ A-All real properry taxes lev~ed or assessed agai•~st the above desvibed real estate. ¢ B-Prem~ums on fire and windstorm ~nsurar:ce as here~n requ:red to be carrie~ on the ~mproveme~ts situate on the above destribed premises. ~ C-Premiums on svch mortg~ye guaranty insurance as mortgagee shall from i~me to time deem fit to carry on the ban secured hereby. ~ Mwtgagee sha+l f~om time to tir.x n~t~fy mortgagor in writing of the amou~t due and payable hereundcr and such sum shall ihereupon be due and ~ ~ , ayable on the due date of the nexr nwnth:y payment and each svccessive month thereafr~r until mortgagee sha8 not;fy morrgagor of a chan9e in such ~ ~ a~nount. Such sums sFall be app. y mwtgagze ioward the payment of real property taxes, insurance prem.ums, and mortgage g~aranty insurance i ~ p-emiums. t ? IN WITNESS YlHEP.E , e sai RiGAGOR has hereunto set his hand and seal the day a year first sf said. ~ _ , Se detive in th f• p a~ ~ _ - ' . . Durge$s ~r ~an ~ . L r sl' e~.~urgess t~a~ ~ cseap ~ ~ STATE OF FIORIDA t St Lucie ~ ~ couNn oF • 1 ~ Befwe me pencnally appeared ROA Bwrgess a~ ? ~ Christ nQ L. Burgess his wife, to me well known and known to me to be ~ the individuals described in and who executed the foregoing instrument, and acknowledged befwe me fhat they executed the same fw the p~rposes ~ ~ Christine L. Bwcgess F _ therein expressed.~And the said ~ Ron Bus ess x~fe of the said 9 upon a sepa.ate and privats e.amination by me takeo separate and apart from her said husband, sckrawitdged to and before me that she executed said instrumeM freely and volun- tarily and without any compuision, constraim, apprehension~ fear of or from her said husband. - WITNE55 my hand and offic;al ual thi~ day of April a p 19 74 Notary Pu in and for t~y State of f{orida at - ' My Com ssion expires: /C~c£~~ /y7~ ` Return To: • . First Federal Savings a loan Assxiat~on Of fort P~erce. ' Fort Pierce, Florida . . ' Q A p a~C ~ . `y ~~E Q CO~M~Y • ; ~ ~ ' ~06~~R It CD~Rt _ ~ ~ ~ - 44laK ~~~iFttO ' 11lGDA~ VCR - This Instrument Prepared By Rvbezt A. Swisher, Jt: ~ 0~ ~ First Federal Savings 8 Loan Association ~ 1~ - of Fort Pierce, Rlorida , . Checked By ~ 2~rs5~;6 , . . . - soo~226 P~f 611 . . ~y'r : d z . - g<;t ' _ . _ _ _ . ' . . . _ _