The URL can be used to link to this page

Home My WebLink About0939 ,..,,;~;;<<,~-~ti.ii(~.."~'&.i';':~';,,~ '-106<< .10tt ST. LUCIE COUNTY, rl~. performance or o~r"ar.~ ci any ~OVenal:t, condition '"-r qt\:-~l :n eaid 1I)te, fJ: in aIJ:J iPr.rumeDt fl('lW or henl- aft.er evidencing or securing the same, and \be holder 01 aid r.ot.;) 'lllElJ apply pe.r.lll!ab ftlCIIJived (lIl NlY UDOUDta due thereunder or under the terma 01 any i~t ~w or ~ ~ or ~ I&id not~. .. IUOl bokler may determine; 2. To ~)' the indebtedM18 hereby eeeured Pond int6eet therem promptly OIl tLe dC..,.9C apeeified for Uie MIDe to berome due and payable, IUl<l Uo on demAnd any othe:, ind~ ~ may aecrIM IlOd bIoome - a:ad pay- able to the mort.casee under the terms r.nd provisiooa ci th;. mortpp; 3. To k.t'i!p \.be mortg&&'xi premiae8 in aood repair: to neither ecmmit. DC!' lUlu Itrip or ~ OIl tM ~ ppd PRJniM,e; to ob\ain the wntten cvoaent of the m'lrtpae0 belonl demolilhin&. removiDa or materially a1teriq any buildiDa. IUutture or improVf:me:lt now or lweaiter~P<m the mortppd pm:o- or bfolore a1.krtriDc &I1Y web buildinl, structure or improVemeIl\ to be ~mo1iRhM, removed Ol'mater:i&lb' alVndi n~ to OClD1IDit n<lI' ~.lIN" act by which the value of the'mortppi pI'tlIlli8N may'll8imrairedj.fJ)(! * tel no....te DOl' permit the ~ ol any law. by-law, ordinance or cootract atfect.iq the mortppd -premi8ee; ~ to violate DOl' "dfer the vlOIa~ 01 the C'ovenant.8 and agreement.a, if any, of record &pinal the mortca&ed premilee; 4, To p6)' belore delinquent or before an,) penalty for n~\ ,.t~ ~~_to .alt~ ~t.irm, o...~entll, water rates, and ch&rge8 of every l1I.ture and to whomever ~ t.lat mAY now or ~ter be irr,pOf!<<i, levied or ~ upon or apinst the mortgaged pnomi8es or any pan thereof, or upoo the renta, u.ue.e, income or profits then.'Of, whether any or t.ll of 8&id tax~, al!lleMJN'nt.8 or char&es be levied directly or indirecUy or as excil!e taxt'll or &8 income taxee; 5. To keep the buildinp and improvement.8 now Ilta.ndin& VI' hereAfter ~ted upon the mort.pged premi8e8 and any an" all apparatus, fixturetl and appurtenances now or ~reafter in or atta.ched to 8&id bui~iinp 01 improv&- ment.8, insured agaialltlOSll or damage by fire and such other buards &II the mort.ppe may from time w time require, all such insurance to be in forms, in companies and in 8UD1Il (no~ IeIB than IUfficient to avoid any claim OIl the part of the insurers for co-insurance) &atisfactory to the mortgagee; that all inaurance poliCWlll shall be held by and !lh&1l be for the benefit of ~d fir8t payable in C&8e oi 1068 w the mortpgee, and that at Ieut fifteen days l>efore the expi- ration of each such policy, a new and sufficient policy to t.a.ke the place ci the one 80 expirin,g shall be delivered to the mortgagee. The mortgagor hereby &88igns to the mortgagee all moneys reconrable under uch such poliey, ann agn't'S that in the event of a loss the amount collec~-uftder any policy of insurance on &aid property may, at the option of the mortgagee, be ajJjJl;~d by the mortg::.eee upon any indebt.ednellll a!l~/or obligation eecured hereby and in su('h order ..s mortgagee may determine; or 8&id amount or any portion thf'reof may. at the option of tbe mortgagee, rither be used in replacing, repairing or restoring the improvemlY'ta partially 0': totally destroyed to a condition Il8.tis!artory to 3aid mortgagee, or be released to the mortgagor, in either of which e,'enUl the mortgagee shAll not be obligated to bee to the proper application thereot; nor &hall the amount 80 releaaed or UlKld be deemed a payment on any indebtedness b('('ured hereby. The morti[8gor hereby appoinUl the mortgagee attorney irrevocable of the mortgagor to a.E.l>ign each such policy in tl>e e"ent of the foreclOlUre of this mortgage; 6. To pay all sums, the failure to pay wt.ich may result in the acquisition of a lien pri')r w the lien of thill mortgage, before such a prior !ien may attach; 7. That upon f~lurc to comply with the preceding covenant or with an~ of the co....enanUl and agreement.8 as to paymmt of taxes, imp<l8itioDl', asfleSllment8, water rat~ and charl!,~, making of repairs or maintenance ci in8ur~ ance R8 af/)rt">'aid, the mortgagee, without prejudice to any right.8 given under subeequent paragraphs herein, may ffidke advant't'B to perform the 6lUIle in behaU of the mortp.gor, and the mo~ hereby agree& to repay all 3.1ID8 80 advanced in his bt>half, on dema..,d, '\\;th intereJ!t from the date advanced at the rate of eight per centum pet wmUDl, and 1\11 mms 80 advanced, with int~reBt as aforetl&id, !!hall be immediateiy due and payable and be 6eCured hereby, ha\'inl!: the bOlefit of the lien hei'eby created, and of its priority. but no IUcb advanceR ahall be deemed to relieve the mortgagor from any defe.ult hereunder or impair any right or remedy con.eequen. thereon, and the exercise of the riF;ht to make advances granted in this paragraph !!hall be optional with the mortgagee and I:ot obliptof')", and the mortgagee shall not m any case be liable to the mortga,gor for failure to exerci8e any such right; H. That the mortga~ee shall be ~ubrogated for further 8eCUrity to the lien, although releueC of record, of Rny and all encumhrances paid out of the pr0ceed8 of the loan lleCured by wis mortgage; 9. That, whilr there is no default in the performance or obeervance of any of the eovenanta or s.greement.8 hen'in contained, the mortgagor shall have the privilege of eolleetinl and receiving all renta accruing under ~ or contracts of tenancy for the mortgaged pn>miseA or any part t.hered; 10. That, if any action or proceroing be commenced (excepting an action to foreclose thi~ mortgage or to coll.-<:t tho' debt hereby secured), tc ",-hich action or proereding the mort.ga<<ee is made a party by I'PA8OIl of t.he exe- cution of this mortgage or the note which it 8eCUrel, or in which the mortgagee deenu it nectl!8ary to defend in order to uphold tilP li('n l,f this mortgl\!1;e or the priority thereof or p<lllSe8!ion of Mid mortgage'\ premiae8. all IUII1B paid or incurrt'<! by the mortga~ee fur ('uun..<.ei fl't's and other expenfe5 in such action or proceeding bhal1 be re~ by the mortgaj1;vr, tOjl;pther with int('!'('st thereon from date of pa),nent by the mort~, at t.he I'llte 'll eight per centum per r.nnum. and all ~'uch sums and the interest thereon shEJI be imme<;E~tely due and payable and be eecUltl'i hei'eby, ha\'ing the IJ<'npfit of the lien hereby created and of it.8 priority; CJIIl!ltJ" of st. tnaie , 11. That any ami alll\ward~ h-:-retofore made and hereafter w be m.e.de by the ~ or any municipal. co~mty, !'tale or federal aUthorities to the present and al1subeequent owr..en of the premiee8 covered b\' this mort pl j1;e , including any award or awards whether for a taking 01 title to, pOllf..,abl1 d, or any iI:tereat in, the mortgaj1;ed prt'mi,;es or any pr.rt thereof and any award or ewards received for ~ suatained by the mort- gaged pl\'mi~ or any part th('IT-of or for any change or changes of grade of Iltrt!f'18 aft'ecvng &aid pnroillee. are hereby a.<;,<:igned to th{, mortgagce; and the mortgagee, at i18 option, is hereby authoriaed, directed and empowered to oollect and I'('('cin' thp proceeds of any such award or awards from the authoritietl making the IllUDe &nd to give proper rt'C'eipt!' and acquill8Jlc<"8 therefor, and to hPply the l!Ilme toward the paymen~ 0{ the amqunt owing OIl aceount of the mortgagp dpbt, notv.;thstanding the fact tbat tN! amoUnt owing on aceount pfthe mortp&e debt may not be then du!' and payable; and the mortgagur bereby eovenAnUr-and ~ to and with the mortp.gee, upon req'.J~t by the mort ga6ee , to make. execute and d"livn any and ~ Usignmenta and other inaruinen~ IlUfficient for the pu~ of l!..<Blpling the aforesaid award or awardll w the mOltpgee free, car and discharged of any and all encum- brances of any kind or nature whatsoeverj 12. That aDY failure to exercise any right hereunder. shall ~ coost.itute nor be oooatrued IioII a waiver of that right at ~nr future time; 13. That this mortgage creatf'8 a continuing iien to Ila.'ure the fuU and final payUlel1~ of \he d~ hereby EoeCUfiQ and all oth~r obli~tions impc88d hereby and hereafter ari8ir<<. . jJt)ls. if the paymenta are made u provided &Od all the f~ C1JTeDUtI _ ~t8 ani perlormed and oheerved, this mortg&<<e shall be null anc vmd aM ahall be reaaed at 'the-~d tb6~, which COlt the mortgagor agret'Jl to pay; but upon any deiault in the payiDent fA the ~ herobY eecured or of any installm~nt thl're;,{ or of inteJ"t'J!lt thel'\.'OIl, M they eeverally become due, or upoo any default in the performaooe <:~'.. '~'iti'.~fi~'i-Y'i-...... '. .w. . ,- .'-