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Home My WebLink About1687 - ~.- . _ :.:":.,\;.::-:~<,,_~i~.~~'::':~::''''"'''';':i:..,-:, 7 , 23: _';;"f,.."r'"':_~f-''''~~-r''' f Ib~i' ST. LUCIE towny. FlA. TOGETIln w:rn .u and ainaWar tht ---ta, IM:ndiUolDl'AtlI &Ad ~ ........ ~ or .. ..,... thereunto appertA.inin. and the rellt&, i.ua ana proia thereof, aDd ~ AI die.. __. ,..., .... ....... .. .. ... .. demAnd wha~r, .. well in Iaw._ la equity, ol the ~ WGnJ1IIOl' in ud to 1M ..... iMlrihl but M4 ..... "I (a) All rents, prollta. revenue., royalties, "\I aod bneIib llqiveci ftom. (I) CS'O'PI powa ..w ~ .. ......... 01 the lOil otherwise, (2) oil, pi or minenJ lu_ of the premj~ or any part tb<<eol, now ~ or .......,.... ..,.. ..: (3) all olhl'r rents, IU~' and pro6t. of the prerniles from time to time accruins. wbetMt lIftdct..... - ---......... or hereafter ~reated: in each IlIch case with the rilht in the MortplOC, b.d only at ita opdon. -.: rettiYe ud receip( tbuelor and to applv the u.me AI it mAY el<<t to ar,y lndebtedne.. lKared hereby, and the Yortpsee. at i.. .-. 1IIll1 demud, .. for and re;:-mer any luch paymentl, fI~>ervins to the MortPl'Ol', however, 10 lon, .. M!d Mortp&or it "'" ill default 1winuDdu. tbe rilht to rKeive and retain .uch rents, iauea a.nd proau. ) .) (b) All judsments, .....ard. of damqes and tettJementa hn-ufter made &I a reJWt CIl 01' In lieu 01 ...., takioI 01 the premi~. or any p3rt thl'reof undl'r the power or eminent domain, or for any dama<<e -(wbf!ther U\laed by such takinr or cdMrwiIe) to the prem;t~ or the impro-.'l'rMntl thereon or any part thereof; luch part of any .uch jud,.ment, award or eettlemalt. &I the Mortgagee m3Y ell't,t to be appliffi to the inc!rbtednell hereby IKlJred and the bal.nee thereof, if any, to be ~ to the party or partie. otherwi~ entitlt'd thereto. TO H:\ VE AND TO HOLD the above granted and deJCribed premise. :0 the Mid Wort<<q.-:e. ita lUecalOn and ~ forevl'r. " " .. 1'l"P""'-..I. L ILl t 'I, I orAl". lith II nil! I '1-', us! ii' ~:frlll! ., r.... ~ . 'q alt. I -'-II ~,_:_. ~( .11 y___n. '''''~~~'',r; provided always that jf MOrllal{Or ,hall pAY to Mortp~ that certain promiIIoty note abMe dl"('I'i~rl and .h~1I perform all othl'r cm'enant. and condition. of )aid promihOll" note, lI.nd 01. any reaewal, extendon or m0di- fication ther~of. and of thit mort~a!(e, then this mort!l"age and the estate h~rl'by cre'tl'rl thall (,l'lUe IInd be.null and void. Morl<n<(or furthl'r coW'nants and a,rff1 with Mortgagee as follows: I. To p~v all .um. inducling interet' aecurt'd hereby when dul', a. providrd for in pid promi.uory note and any renewal. l'xtemion or mo<lification thl'l'eof and in t~is mortgagl', all tuch 'sums' to be payable in l:~wful mon~ of the United ~tates 01 America at MOrl~~",ee'. ;,forl'uid principal office, or at such other place as Mortgagee may designate in writing. 2, To pay whl'n due, and without re'luiring any notice from Mort I!:agef' , all taxH, lU..t'UJnenh of any type 01' nature and other char~es le,'il'd or M5r-ued al(aimt thl' premises hereby encllmbrred cr any inte\'Ht of Mortgage therein. To immedi. atdy pay and disch~r",l' any claim, lien or l'ncumbrance againtt IlIch premitel whidl may be or berome .uperior tl' thit mort. ""g!': and to permit no dl'fault or deiinquency on any other lil'n, en:umbrance or charge a~ainU luch premiws. 3, If required by Mortgagl'e, to allO make 'monthly deposiU with Mortgagee, in a non-intere.t bearing account, ~ther with ancl in addition to interest and principal, of a lurn equal to one-twelfth of the yearly taxet and uaesamenU which may be levied al(aimt the prl'miae" and (if 10 required) one-twelfth of the yearly premiums for iruuraoce thereon. The amount of such taut, :USl'ssment& 3.nd premiwlU, whl'n unknown, Ihall be estimat~ by MortPJree. Such deposita shan be wed by Mortppe to pay such tue., a..euments Rnd premiums when due. Any iruufficimcy of such account to pay such charJet when due shaD be paid by Mortgagor to Mortgagee on demand. lC, by reaJOt\ of any default by Mort..~r under any provi.ion of thil mort. gal{l', Mortl(a~e declarl's all .ums tccllred hereby to be due and payable, Mortpree rn:\y then apply any funds in said account al(ainst the entire indebtedneu lecurl'd hereby. The en!oI'Cl'ability of the covenants relating to t~, lUlCllmenU and insurance premiums herein otherwi<e pro\-icled .h31l nvt be affected except in 10 far as those obligations have been met by compliance with thi. p3ral!:raph, Mortl(al(ee may from time to time at its option waive. and after any luch waiver reinrtate, any or all proviaiom hereof rr'luirinl( IUch drposit., by notice te Mortl(agor in writin~, While any such waive,' i. in effect Mortlagor ahall pay taxea, ~ssessment. and insurance premium. as hl'rl'in e!.ewhere provided, 4 To pay all taxl", .tamp t3X or other ~har!l:e which m'lY be aUl'.se,i upon thil mortgage, or laid note, Qr indebtednesa .ccurl'o herel".. without I'('~arcl to any law, Federal or St'lt/'. heretofore or here;r.fter .,nacted, imposin!{ payment of all or any part thl'rrof upon Mort"a;:,;ee. In event or enactment of any law impmino; payml'nt of all or any portion of any such taxet upon Mort<:~<(t't'. cor the renderip~ bv any court of last resort or a decision that the undertakinl by Mortgagor. &I herein provided, to pay tuch tax or taxe. is 1rl(ally inoperative, th~n, unl....s Mort!{3<ror ne,'ertheleu p3ys such taxes, all sunu hereby lKured, without any deduction, .hall at thl' option of Mortgagee bl'come immediately due and payable, notwithstandinl anythinl contained herein or any j3W hr-retofore or hrrt'aftr-r enartl'd, 5, To kel'p the premise. imurl'd again" Iou or damage by fire, win<lttonn or extended CO\ocrase and .uch othe.' baz&rda &I may be rl'quirl'd by Mortgal;ee. in form and amounts satisfactory to, and in insurance companies approved by Mortgagee, and with acceptable mort~.,I(t't' 10" p~vable chuSt't 311arhrd, Such policies, tOj(ether with lurh abnracU and other title evidence .. may be required bv ~fortl(a"r-t', .hall he deliverl'd to and held by M\Jrtgagee with?ut liability. Upon foreclosure of this mortJ&le or other acqui.ition of thl' premise, or any part thl'reof by Mortgalee, aaid policie., abstracts !!nd title evidencl' aball become the absolutl' properh' of MOrll(al(ee, ) Ii, To fint obtain the wrillrn con~nt or Mortgagee. ,uth con~nt to be !1;rantl'd or withheld 3t the sole discretion of .ue-It \ Mort!l:a~...., bf-fore (a) hmovin!1: or demolishin!1; any buildin'i now or hef'l'aftl'r l'rl'cted on the p~i~', (b) altering the arran,,-e- ,) ment, d,.,il[n or strurtur,11 charact~r thl'reof, (c) making any rep;>irs which involve the removal of llructural parts or the expo;llI'r- of the interior of Il1ch huilclir.: to thl' l'lements, or (d) except for domestic purposes, cutting or rl'movinl or pe!'Ttlittin<< the cUllinl( and removal of any treet or timber on the premises, 7, To maintain premi~. in 1l00d condition and repair, including but not limilffi to the makin!1: of su<'h rep.'\in &I Mortgagee may from time to timl' determine to be nl'Ct'.!ary for the presr-rvation of thl' premises and to not commit nor permit any waste thereof. 8, To complv with all laws. oreJ;nanl'l". rl'gulatiom. ~ovenantt. conditiOn! and restrictiont affecting th~ premiaes. and not 10 suffer or pl'rmil any violation thereof. 9, If Mortll.11[0r f.,ih 10 pay any cia in., lil'n or l'nnlmbrance which is luperioJ' to this mortgage. or, when doe, any tax or a"e..m..nt or inslll'ance premium. or to keep the premises in repair. or Ihall commit or permit w&r.e, or if there be commenced any action or proceedinl( afTectinl[ the premises or thl' titlt' thereto, then Mortgagee, at its option. may p;,r aaid daim, li.!n, enrum- branrl', tal<, a~"mr-nt or premium, with ril[ht of Il1hr01{ation thereundn-, may make such repain and take .uch Itepl as it deelN ad,'i!able to prevent or cure Il1ch waste, and may appear in any such action or proceeding and retain counlel therein, and take tuch action therein a. ~fOrll(a"ee del'm, advis~ble, and for any or said purposes Mortgagee may advanee NCh sums 01 money, including all co,u. fees ancl olhu itl'mt of expen~ as it dcclTI! ncceasary, Mortlagee shall be the IOle judge of the legality, ,'alidity ~ncl priorit~. of any 'CJch claim, lien, encumbrancl', tax, a.sseUrMnt and premium, and of the amount necesaary to be paid in .:\ti.fa~tion thereol, MOrll(al(l'e .hall not be hl'ld accountable for ;my delay in making any s;:ch ~!yment. which delay may rr.uit IR any additional inter"t, c",t, charges or expen~ otherwise" 10. Mortgagor will pay to Mortgagee, immediately and without demand, all Bums of money advanced by Mortgagee pursuant to this mortgage. together with interest on each such 9.dvancement at the rate of 6~% per annum, and all such sums and interest thereon shall be secured hereby if made by Mortgagee for the account of Mortgagor because of Mortgagor's default. 11. All sums or money secured hereby shall b~ payable without any relief whatever from any valuation or appraisement laws. a .~ -- r> i" ')