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HomeMy WebLinkAbout0110~. To place .red oontirntosisy keep on rte. bulWlrq.~T• l~~ L- aiua~N aF.i~land and on .11 puipn+•nt aid perwnally cowed by thl. mortg- age, with all premiums thereon paid in full, fin krwana M tM snlial aandtrd polky form, M • sum approved by tM MORTGAGEE, and windstorm Lowanq In tl+e uewl standard polky form, ti • sum approved by tM MORTGAGEE, In suds company a a7mpMliN w tl+a MORTGAGEE may dLecrj •rsd all fire and windsrortr. Inswatxe pdkMa on any of NW bVildiriga, airy Mhtxt fhNeLt a part tlsereof, In tM aggregate suns aforeMid a In exaes thereof, atoll contain tM ritual standard irlortgagee dstiae a suds othlw dasiN N iM MortgagN may regliln, tnakLq tM leas under Nid polo ores, each and wary, payable ro Nld MORTGAGEE as ite tntenat may appear, and eadt and irvey suds polky shalt be promptly auignad and delivered to any told by Nid MORTGAGEE as further sacvrlty ro Nid mtsrtgape debt, and, nor lass tMn ten (10) days L+ advance of tM •xpkation of each polky, ro de. ih»r ro Nid MORTGAGEE • renewal thereof, togNMr whh • nplpf for tM pntniwn of such rersawal; and then sMll be no fin a windstorm Irlauranu gland On arsy of Nid bVtldinps, any interest tMreln a part tl+araof, unLIN In fire fpm and w11h file loss p•yabb N •fatNld; and In tM evert any cam of moray baaartes payable under such policy a policies Nid MORTGAGEE atoll Mw tM optbn ro repiw and apply tM same on account of tM Indebted naa secured Mreby a ro permit Nid MORTGAGORS ro reahre and vN h a any part thereof fa oth+r purpoNa, without thereby waiving a impair- ing any equity, liana -ight under or by virtva of this rnongaper and in the avant NW MORTGAGORS atoll fa any rNaon fall ro keep tM Nid premises so Loured, a fail ro deliver promptly airy of said policies of imwaisoa ro Nid MORTGAGEE, a fail promptly ro pay fully any premium therefor a in arsy respell fail ro perform, discharge, execute, effect, contpl•N, comply whh and abide by this coversant, a any part Mreof, Nid MORTGAGEE may plan and pay fa such insurenu a any pan thereof without waiving or affMing any option, lien, equiy, a right under a by virtw of this Mortgage, and tM full amowst of each and every such p.ym.m atoll be insrnedla»ly dw aid payable and sMll bea- interest from tM date thereof until paid at the reN of nine per centum per antrum and together with ouch interest atoll be secured by tM lien of this ttsortgage. 1. To permit, corrwnlt a suffer tso waste, irrtpairttsanf a deNrioration of NW property a any pan tMreof. • S. To pay all and aingulu tM cosh, charges and expenses, including • nawnable attorrsay's fee and oari of abatraete of title, lnctrrred a paid d grey tkry by said M04TGAGFF; L+eca~•t. r in tke tWrrM of +1.e fs31.~.te i+re th+e pact of the raid MOl:TGAG~ M d=efy: prc+rr+t+tly serf fully f'erforlfe, azacuii, Ciiar, CC:np.i=i, Cv"::j,sy :::: s: :: - iv:3a Dy iar, iTiii i"riiy ie5i ii:yiiiiinw.i, iyFiw.-.:rsii. f~,: w::::,: a, :i.;i :.GViii.-.:s v: :::.i p:w-~;;:u~ ( .-w:i ilG iiri mortgage any p eithN, and Nid cosh. dsarges and experoes, each •rsd awry, shall be immediately dw and payable? whetlw or not then be tsotia d- marl, anempt to collect a suit pending; and tM fu!! amount d eadt std mry such payment sM!! bear interest from the daN thereof until geld st tM me of nine per nntum per anrwm; and all Nid casts, dsutaes and expeiws LtMred a oald, tooetMr with suds interest, sMll be second by tM lien of thM mm>oaW 6. That (a) in tM went of arsy beach of thh Mortgage a dafwh on tM part of tM MORTGAGOR, a (b) in tM met any of NId sums of tssoisey herein referred ro be not prompty and fully paid within thirty (30) days next after tM same swerally beaxne dw and payable. without demand a rsotica, a (d in tM everst each and awry 1M stipulatiorss, preemente, ooisditions and otsvenanh of Nid promissory note and this mortgage any a either are rot ~srly, promptly and fully performed, discharged, exerted, effected, conspleted, complied with and abided by, then In either a any ouch event tM Nid ag~ gregate sum mentioned in Nid promissory note then remaining unpaid, with interest acawd, and all moneys secured hereby, atoll become dw .red P•Y able forthwith, a thereafter, at the option of Nid MORTGAGEE, as fully and Cpnpletely n if all of rile Nid sums of money were originally stipulated ro be paid on such day, anything in said promissory note p in rhb Mortgage ro tM c=ontrary notwithsNndirg; and therwpon a thereafter at 1M option o.' Nid MORTGAGEE, without notice a demand, suit at law a in equity, therefore a thereafter begun, may be prosecuted as if all moneys secured hereby had matured prig to its institution. 7. That in the event that at the beginning of a at any time pending any suit upon this Mortgage, a to forecloN it, a ro reform it, a to enforce payment of any claims hereunder, said MORTGAGEE shall apply to the Court Mvirg jurisdiction thereof for 1M appointment of a Receiver, such Court shall forthwith appoint a receiver of said mortgaged property all and singular, including all and singular the income, profits, issues and revenws from whatever scarce derived, each and every of which, it being expressly understood, is hereby mortgaged as if specifically set froth and desv"Ibed in tM granting and habendum clauses hereof, and such Receiver shall Mve all the broad and effediw functions and powers in anywise entrusted by • Court to a Receiver, and such appointment shall be made by such Court as an admitted equity and a matter of absolute right ro Nid MORTGAGEE, and without reference to the adequacy or inadequacy of the value of the property mortgaged a to the solvency a insolvency of Nid MORTGAGOR a tM defendants, and that such r/e~~n~t~s, profits, income, issues and- revenues shall be applied by such Receiver according to the lien a equity of Nid MORTGAGEE and tM practiu of such .,Wrt. b. 10 tluiy, promptly and fully perform, diKMrge, eXlCUte, ffiM, complete, Comply wittr ano abioe by each and every the Nipulatlona, agreements, conditans and covenants in said promissory note and this mortgage set forth, 9. That in the event the owrrnhip of the mortgaged premises, a any part thereof, becwnes vested in a person otMr than tM MORTGAGOR, tM MORTGAGEE, its successors and assgns, may, without notice to tM MORTGAOR, deal with such successor a successor in interest with reference to this mortgage and the debt hereby secured in the same manner as with Mortgagor without in arty way vitiating a discharging tM Mortgagor' liability here- under orupon the debt hereby secured. No Nle of the premises Mreby mortgaged and no forbearance on tM part of tM MORTGAGEE a its successor or assigns end no extension of the time fa the payment of the debt hereby secured given by tM MORTGAGEE or ih successors ~ a auigns, sMll operate ro release, discharge, modify change a affect tM original liability of tM MORTGAGOR herein, either in whole a in part. 10. It is specifically agreed that time is of tM essence of this corstrad and that i1o waiver of any obligation hereunder a of tM obligation se- cured hereby shall at any time thereafter be Mld`to be a waiver of tM terms hereof or of tM imtrument sacurad herby. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set tell Mnd and Nal tM day and year first aforesaid. S_igne~ Seal art~.~eliver 'n tM presenq of: ~~~//f["a` `~J an ~i_ ~ .n v v STATE OF FLORIDA Saint Lucie ~' couNTy of n-•n ~-an Befpa me person.Uy appeared Melvin T FOlbr@Cht a~ Ann 3 Folbreoht his wife, ro me well known area known ro m. ro be tM individuals described in and who executed tM foregoing LsstnirneM, and ackitovtrledped before rtsa that tMy •:carted tM same fa tM purposes therein expressed. And tM N~ Ann S FOl bra Cht wife of 1M Nid ~ Melvin T Folbreoht upon • separate and prlwte examinaYwn bl• me taken Nparate end apart from her Nid husband, ackisowtedged ro and before me that art exerted uid Ysstrurnent fieely and vohin- tarily and withow any compulsion, corotnint, apprelrnsion, a fear of a from her Nid and. // // WITNESS my Mnd and official aNl tw• ~~-~ day of :~~,A;~J19~QL y, Motary k In -fa iloflJ~~t ~. ~~ll . ~- 4erurn IeC I.l.r, r first F.rl.ral S°~r~'eeK fl tine, ~ts.e.tN;r~n t'' -. "' -~ ..~ ~ t~~ ~~' ~~ Of fort Piero. h.y ~ . _ ~ • ; -f ~~ v tr~ ~ ~ ~` - Fort Pfern, Florida -bn,..,, er ,~:.......... _ ~,+r ~ ....,sy.. ~.' A• 91133 ~~' ~ ~~ ~',;' '; ~` . n .,, '~ .••;~tl.-r;,..:ors.: it`s •}~~ 1„1••t ~;,` ~^f~~•'~r'f,o'~ ''rr,,,ie,;',..~ '.'S ' ` F(~E~' ~;z~ RECC? I`' Si. IUCIE CDUNTr, Fes(;;, ,,;, ~~ 91133 .... --^---~»-<..-~.,.-.~,,,a., . -..~,a.~+u.:..>..;.:r.,~r~ciww•sw;~°s-s~:w,~.~rr ,P-.,3-•c*r