The URL can be used to link to this page

Home My WebLink About2460 3. To place and continuously ktep on 11ie bui!din9~ n8w ar he~eafter ~~tuate on sa~d land ~nd on a~t cqvipment and pc~sanally covered by ~his mw~g- sge, wi~h a1) prem~ums ~hereon pa~d in 1u11, Irte insurance ~n rhe usuat standard po~~cy fo~m, in ~ sum sp~xoved by thc MORfGaGEE, a~~d w~~d~~orm ~ insurance in the usual s~andard pol~ty fo~m, in a sum approved by ~ha MORTGAGEE, in such canpa~y or con+pen~ea a ~he MOR~GAGEE may dirett; and all fir~ end w~ndstorm inturance pol~cie~ on +nY oi aaid build~ngs, sny inj4re~~ lherein or parl thercof, in ~M ~gg~egatQ sum ~iwesa~d a in axceu ~hereof, shall contain the usval s~andard mortgagee clause w such other clause it ~M Mor~gage~ may requ~re, maMinp ~he loss unde~ sa~d pol'r cies, each and every, psyab!e ro sa~d MORTGAGEE as ~~s intere~t may appear, and cach and every iuch po6cy shall be prompt~Y ass gned and detivered ro eny heW by said MORTGAGEE as fur~her security ~o uid mortgsgs debt, and, not lcss tM~ ~en (10) day in advance of ~he expirat:on oi eech policy, ~o da Gver to said MORTGAGEE a ~enewal thereof, toge~her wi~h a rece~pt tw 1he pranium of ~uch renewal; and ~her~ shal! be no 1~~e o~ w~~ds~o~m i~wrance ~ placed on any of said buildings, •ny interest therein w part the~eof, unless in the form •nd with tM loss pay+ble as s(oresaid; snd in ~he cvent a~y sum of money become~ payabte undH s~ch policy w pol~cies said MORTtiAGEE shall have ~he opt~on ~o receive a~d apply the same a+ account o( the indabtrd r_ ness secured her~by w fo permit aaiJ ~AORTGAGORS to receive and uss it a any part thereof for o~hcr pu~Nafrs, wi+ho~t th_r~~~ xa~~~~~g or ~~~~pa~~- ing any equ~ty, lien w r~9ht under w by vi~tue of this mo:tgage; and in tF~e even~ ia~d MORTGAGORS shall for any reason 1si1 lo keep the said premiaes so fnsured, or fail ro deliver promp~Iy +ny ol said polKies of insurarxe to sa~d MORiGAGEE, o~ Fail promptly to pay tully any pre~nium therefor or in a^Y re~pect fail ro perfwm, d~scharga execute, e(fcct, complete, comply wi~h and abids by lhis tovenaM, or any part hereof, said MORTGAGEE may placa a~~d pay fw such ins~rance or any psrt thereof w~thout waiving a alfecting any op~ion. li~n, equity, or ~ight under or by virtue of this Mortgage, and the , full amavnt of each and eve~y such paymen~ shall be immediately dw and payable end shall be~r interest from tha date ~haeof until pa~d at fhe rate ol nine pe~ tentum per anrv~m and to~ether with such interest shall be srcured by the lien Of this mwtgage• d. To permit; mmmit ot suf(er no wastz, impairment w delerioration of aaid property or ~nY parl thereof. S. To pay all a~d singular the cosb, chsrgea and expenses, including a reasonsble atto~ney's fee and costs ot abs~racts of titla, incurred o~ paid at any time by said MORTGAGfE, becauu o~ in the event of the iailure on the parl of the said MORTGAGOR lo duly, promptlY and tvlly pe~form, d~s:he~ge. execute, effed, canplete, comply w~th and ab:de by each and every the stipulat~ons, agreements, conditions, and covenants oi said promiswry note and fh~s mortgage any or ei~her, and sa~d costs, cMrgcs and expenses, each and every, shali be immediatety due and psyab:e; whethe~ a not the~e be no~~ce dr mand, attempt to tollett or suif pe~d~ng; and the full amaunt of each and evcry suth payment shall bear interest from the date thereof until paid at Ihe r.:re of nine per centum pcr amwT; and all said costs, charges and ezpenses incurred or paid, ~ogether w~fh such interest, shatl be secured by the lieo of this mottgag~. 6. That (a) in the event of any breach of this Mortgage o~ defaul~ on the part of tht MORTGAGOR, or (b) in ~he evc^1 ~nY of sa:d iums of nwney herein referred lo be not promptly and fully paid within thirty (30) days next afte? the same severatiy become due and payable, withoul de~Rand or notice. or (cj in the event eaci? and eve~y tF~e stipulations, a9reements, co~dit+ons and covenants of sa~d promissory ~ote and th~s mortgage any w eithr~ are not ~uly, promptly and i~~tly performed, d:scharged, executed, effected, completed, compl~ed with and abided 5y, then in e~ther or any such event the said ag gregate sum mentioned in said promisswy nore then remaining unpaid, with inte~est accrued, and all moneys secured hereby, i1w~l becorr~e d~e and pay~ able forthwith, or thereaiter, at the option uf said MORTGAGEE, ss futly and completely as if al! of the said sums of money were a~g~nally stipulated ro be pa~d on such day, anything in sa:d prom~sswy note or in this Mwtgage to ihe convary notwrthstanding; and thereupoo w ~hereafter at the opt~on of said MORTGAGEE, without no~ice or demand, suit at law or in equity, the~eiore w thereafter begun, may be proxcuted as if sll moneys secured hereby hcd matured pr~or to rts institu~ion. 7. That in ihe event that at the beginning of w at any.time pending any suit upon Ihis Mortgage, a to foreclose it, w to reform it, or to enforce paymen? of any ciaims hereunder, said MORTGE.GfE shall apply to the Court having junsdiction thereof for the appointment of • Receiver, such Court shail fc~thwith appoint a receiver of said mwtgaged property a~i and s~ngular, i~clud~ng ali and singular the income, profits, issues and revenues irom whatever seurce deri~ed, each and every of wh~ch, i~ be~ng expressty underseood, is hereby mor?gaged as if speufically set iorth and dewibed in the gran~tng a~d habendum clauses hereof, ar.d such Receiver shali have all the broad and eifect~ve funct;o~s and powers in anywise entr~stcd by a Courf to a Receiver, and s:.ch appointment sha11 be made by such Court as an admittrd equity and a ma~ter of absolute right to said MORTGAGEE, and without ~efererxe to the adeq~acy or inadequacy of the value of the property mortgaged or to the sot~e~cy w insolvency of said MORiGAGOR a the defendants, and that such rems, profits, income, issues and revenues shall be applied by such Receiver according to the tien or equity oi said MORTGAGEE and the practice of wch CouA. 8. To duly, promptly and fully perform, discharge, execute, effecr, complete, compiy with and abide by ~ach and every the stipulations, agreements, conditions and covena~ta in sa~d prom~ssory note and this mortgage srt forlh. 9. That in the event the ownership of the mortgaged p~emises, or any part thereof, becomes vested in s person other than the MORTGAGOR, the ,ti'.~RTGAGEE, its s~ccesso+s and ass~gns, may, without notice to the MORTGAOR, deal with such successw w successor in interest with reference to th~s rr,orrgage ar.d the deb~ hereby secured in the same manner as with Mo+tgagor w~thout in any way vitia:ing or discharging tix Mortgagors' liability here~ under or upon the debt hereby securesl. No sale of the p~emises he~eby mortgaged and no forbearance on the pa~t of the /dORTGAGEE w iss successors or assigns and no eatension of the time for the payment of the debt hereby secured g~ven by the MORTGAGEE or its successors or au~gns, a~~all ope~ate ro release, d~scharge, modiiy change ar affect the orig~nal liab~lit~r of the A10RTGAGOR herein, either in whole o? in part. 10. It is spec~f~cally ag~eed that time is of the essence of tF.is contract and that no wsiver of any obligation hereunder or of the obligation se- cvred hereby shalf at any time ~herealter be held to be a waiver of the terms hereof or of tFK instrument secured herby. 11. In add:no~ to the forego'ng month!y paym~ts of p~ir.c pa1 and interest required by the p~on+issory note secured hereby, mortgagor covenants and agrees to pay to mortgaqee with eath monthEy payinent an add~~ional sum es~:mared by mortgagee to be equal to 1% 12 of ttie annual cost of the fo~low- ~ng: A-All real property tazes lev~ed or assessed aga~•~st the above descrihed real estate. B-pr<n:~~ms on fire and winds~orm ~ns~rar.ce as herein req~:red to be car.ied on ~he improveme~ts situate o~ the above dsscribed premises. C-Premiums on such mwtgage guaranty ins~rance as mortgagee ihall from t:me to time deem fit to carry on the loan secured hereby_ j Mortgagee shail from time to time nonfy mortgagor in writing of the amount due and payable Fcr?eunder and such sum shall IFvreupon be due and ' c~yable on the due date of tfie next momh:y paymem and each successive momh thereafter ur~til mwtgagee shall not~fy mortgago~ of a change in such j a-~,ovM. Such sums shail !p applied by mortgagee tov.ard the paymem of real property tazes, insu~ance {xem:ums,, and mortgage guaranty insurance ~ r-.•emiums. ~ IN WITNE55 YJHEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first sforesaid. ~ Si9ned, Seaied a:~d delivered in the presence of: FILED AHS PEC~ROEO ~ ~a~~ ~ , ST.IUCIE COUNTY flA. ROC~+~ POITRAS iSea~) CLERK C1F,CUIT COUR? i` ~~~a~~ - REC~~~J ~E~~~IEO~ ~ , ~iCLe L'~ t5esq SiATE OF FLORIDA ~~8 3 is PN'~~ .CUNTY OF St LUCle ~ ~ 284942 Befwe me personally appeared Bobby Burns and Margaret BUIIIS his wife, to me well known and known to me to be rhe individua(s described in and who execvted the fw oi instrumerit, and atknowledged before me that they executed the same fw the purposes rhe•e7n exp?essed. And the said Margaret ~urns - w•~{e of the said Bobby BLIZDS _ upon a separate and private t ~ ~xam~nation by me taken separate and apart from her said husband, stknowledged to and before me that she executed said instrument freely and volun- ra.ily and without any compulsion, const.aint, apprehens:o fear of or from her wid husband. ~ ~VITNESS my hand and officia! seal this day of une ~.~Qj,~9~ ~ ~~A. ~ , .1 v:; Notary Publit in and fo tFx Sta o(~tori~~.rt'~wig~'.; vi My Commission expire • ' - ;.-L 6 _ Return To: I • Y - : ~ Fint Federal Savings a. loan Association ~ ..t ; , ~ Of For! P;erce. ~ • b ~ `'i - ~ . j:~RY Pil~.~,,. `;'t.TE o! ??B/~t~/1dGE ~ Fort Pierce, Flor~da r ~~C. ~ ~ I C„~:~:::~,;:,?•, CX~IF.ES lAlf ? ~ 1.., h. i.7r719i7, . .:':5~ (t~ .•,Srh~~ Wf.kEfs !(15i11~Y . < 7 ~•T^•~;,' ~ This Instrument Prepared By Ri~chard K. K21yeS 7 7 First Federal Savings 8~ loan Association ; ~ of Fort Pierce , FloZida ' ~ Checked By 0 R v ~ - $DDK PAGF~~ ~ ~ . j : ,i - - - - - - - _ ~ : : ~ u.~ . ~ _ _ . . . . . : ~r