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Home My WebLink About1734 ib~k 7 284 ST. LUCIE COUNTY, FLA. TOOETHU W1TH a.l1 and ainSUlar the tenements, hereditaments and appurten&l'\cea the~ur:o bdongil'lfl or in anywise thereuflw "ppe~tAininl aod the rents. iJaucs and profits thereof, and al80 all th" estat~, right, title, inler~.t and ali claim and demand wha~r, &I wen Us taw u in equity. 01 the pjd Mdrtgagor in and to lhe ~m~, including cut not limited to: (a) .o\ll rentl, profits, revenues, ro~-altiea, rishu and benefits derived frou (I) crops grown on laid ~curity and produc~ of the lOll otherwite (2) oil, IU or mineral It"~ of th~ premises or any pArt thereof, now uisting or her<,ina!ter made, and (~) "U otht"r rents, iJauea and profits of the premi~ from time to time accruing, whether under lea.es or tenanci<'1 now t"xisting or herealter createrl: in each luch ca.e with the right in the MortFlal{ee, but only at its option, to rect"i\'e and rt"ceipt therdor and to) apply the LUIle u it nuoy elect to any indebt~neJJ ae<:ured ht"reby, a'ld the Mortg:'.!lcc, at ill uption, may demand, s"e for and reco~'er any luch pAyments, re~",,'inil to the Morl!ragor, how~'er, 10 long as laid Mortgagor is not in ddauh hereunder, tht" rigbt to re<ei~-e and retain such renU, iHl.ICS and pro6u. (b) .-0\11 judgments, awards of dam&<<" and JettkmenU hereafter mAde as a relult of or in lieu of an:' takinl( of the premises or any pArt thtreof undel the power of eminent domain, or for any dama!l:e (wnet~r cauJ('(\ by tucn taking or othtrwise) to the pre'T1i~ or the improvements thereon or any part thereof; such part of any such judrment, award or settlement, as the Mortlagee may elect to be applitd to the indt"bt~ne.. hereby securt'd and the balance thereof. if any, to be rt"st"r\'t"d 10 the party or partiet otherwise entitled thereto, TO HAVE AND TO HOLD u,e above granted and described prt"misel to the I;lid Mortgal(N~, its lucceuorl and aSSIgns, forever, ,_.s I." t.:.s }h-'~IJ"T lit t In I'll (.Ai} <!'. .. t.L ':11. w _:<1 11<..<1, ....I!! ..;11 l!!.f...<I lit. '.I\.t 11,,_:..11 Ihe In f..1 Clwtwil _. ," '1---. ._L.__~~r; provided alWllya that if Mortgai;or Ihall pay to Mortgau:ee that certain promissory note above described and shaU perform all other covenanU and conditions of said promiuory note, and of any renewal, ex!ension or modi- Ikation therfflf. and of thi$ mortgage. then this mortgage and the estate hereby cre'teli .h.1l l't",'e and he null and mid -<- Mortgagor furtl.er covenanU ,and a@TC>es with Mortgagee as follows: I. To pay all .Utnl including interest ae<:urt'd hereby when due. as providf'd for in said promi,sory nott" and a'lY rt"ne,,;I!. extensioll or modifiC1l.tion thereof anti in this mortgage, all such sums to be payable in lawful mont"" of the United Stat", of America at MortltO\l(CC's aforesaid principal office, or at luch other place as Mortgagt"e may designate in writing. 2, To pay when due, and without requiring any notice from Mortval(ee, all taxe., a.-eosments of any type or nature and other charges levied or u;eued a1t3inst the premiles hereby encumbered or any internt of ~{"rt<1:age tht"l'(ji:l, To im:nedi- ately pay and discharge any claim, I;eu or encumbranc~ against Illch premises whirh may be or become mpcrior to this mort- gage and to perl':'lit no default or delinquency on any other lien, encumbrance or charge against such premi~s, ~. If required by Mortgagee, to also make monthly de!,:>sill with Mort<(a<1:ee, in a non-intereot bearing account. tou:ether with and in addition to interest and p~ncipal, o{ a lurn equal to one-twelfth of the )'early tne, and aut"Slments which may be kyjed again" the premises, and (if 10 required) ~twe1fth o~ the Farl)' p,'emiums for in.urance th~rt"on, The amount of such taxes, lU3eumenU arod premiutnl. wht"n unknown, Ihall be eJlimat~d by Mortgal(cc. Such ot"positl ,hall be u,ed by Mortgagee to pay such taxe!, asaessmentJ and premiunu when due. Any insufficiency of ,uch account to pay such ('harge, when clue shall be paid by Mortpgor to Mortgagee on demar.c!. If, by reaJOn of any default by Mortgal(or under any provilion of thi, mort- I~e, Mort!lasee declaret an sunu se<'ured herd,,/ to be due and payable, Mortu:agee may then apply any funds in laid account apinst the entire indebtedr.ess lecured hereby. The enforceability of the covenant! ~hting to ta'(e~, assessmcnU and insurance premiuml herein otherwi~ ~ovid('d Ihill root be affected except in 10 far a. those obligations hO\ve been met by compliance with this par&lfl'aph. :Mortgagee may from time to time at iu option waive. and after <Lny such wai\'er rein.tate, any or all pro\-isionl hereof requirinr such deposiu, by n~tice to Mortlasar in writing, While any I'~ch wai\'er i. in effect Mortgagor Ihall pAY taxes, u~"ta &:ad iTllUnU\Ce p!emiuml &I herein ,.1.Iewhere provided. 4, To pay all taxes, stamp ta:t or other charge which may be ar.sessed upon this mortgage, or said note, or indebtedneu secured hereby. without J"e!tard to any law, Federal or Stale. heretofore or hereafter enacted, impoling payment of all o' any part \heJ"llOf upon Mortgagee. In event of enactment of lII1Y law imposing paymt"nt of all or any portion of any such taxe' :Jpon Mo~ or the renderin!l' by any cOUr( of last relOrt of a oecilion that the undertaking by Mortgagor, at hereia provided, to pay IUcll tax or taxes i. ~ally inoperative, then, unlea Mortgallor nf'\'crtheleu pa~'s such taxes, all sums hereby v.cured, without any deduction, IIha1l at the option of Mortgqee become iuunediately due an:! payable, notwithatanding anything ~ontained herein or any law heretofore or hereafter ~nacted. 5. To ~ the premiJel insured apinIt 10M 0)1' damage by fire, windltorm or extended coverage and IUch other hazards at may be required by Mortg-asee, in form and amounU aatisfactory to, and in insurance compAnies approved by Mortgagee, and with acceptable mOr'tgasee loss payable c!awes attached. Such policies. together with luch abstracts and other title evidence as may be required by Mortpgee, thaD be delivered to and held by Mort~ee without liability. Upon foreclosure of this mortgage or other acquilitioe of the premiaes or any part thereof by Mortgagee, said policies, abstrt.cu and title evidence shall become the abeolute property of Mortgasee. 6. To 6nt obtain the written COntent of Mortgasee. such con~nt to be p:ranted or withheld :it the scle discretion of such Mo~ before (a) removing or demolishinl any building now or h('rel'hM' erected on the premi~s. (b) alterinll the arrange- ment, deQsn or Itructural character thenof, (c) makinl any repairs which in~h-e the remo\'al of structural parts or the (. exposure 01 the interiOl' of such buildinl to the elements, or ,d) except for domestic purpoSt"J, cuttinp: or removing or permitting the cutting and removal of any treo=l or timbu on the premises. ( 7. To maintain premi_ in sood condition and rep&ir, including but not limitt:d to :he makinl( of such repairs aJ Mortgagee may from time to time determine to be ceceaaary for the prev.rvation of the pre",i~s and to not commit nor permit any w<ute thereof. . , .. ,To canply with .0 laws, ordinances. regulationa, CCY!mUlU, conditions and restrictions affecting the premises, and not . , to lUft'er 01' permit any violation thereGl. ' '~ o 9. U Yongqor bill to pay any c1ain1, lien or cnCllInhrance wbich il luperior to this mortgage. or, when due, any tax or ateeamel!t or insurance premium. or to keep the premises in repair: or thaD commit or permit woute, or if there be commenct'd . any lICCiGe or proeeeding .fteoetiJt! the premites or the title theftto, then },(ortlalCC, at its option, may pay said claim, lien, encum- bran<<, tax, ~ 01' premium, with ript of sl!.hrogaUon thereunder, may m.ue I"ch repain And take luch Iteps as it deenu advilIab1e to prevent or cure iuch wane, and may appear in any IUCh action or proceeding and retain cowuel therein, and take 1UI'.h action the1'eia II Mortp~ dee1lll adviIable, a.nd fOt' any of said purpoees Mortgagee may advance such rums of money, lach.di>>if .0 com, few Md oeher i_ cf \'XpeDte II it d.- M<<SttfY. Mortp~ ahan be the t'.>le judge of the I,.gality, validity and prior.;ty c.f any ruch c~. lien, encumbrance. tax, aaseJ;IIlXnt and premium, IU1d of the amount neceuary to be pAid iB aatillaetioll tbenof. )d~ aAall not be beld SCCOWltable for. ant lieU, In making any IUCb paytm'nt, which delay may ~ iQ -1 addi~l mtueilC, ClOIt, c~ Of' lIJCpIDIe otMr:tW. 10. Morlpgor will pay t.o Mortgagee. immediately and without demand, all 8\LTUS of mOlleY advanced by Mortpgee purBuant to this mo!'tgage, together with intereot on each such a.dvancement at the rate of 6-!-% per anmun, and all such sums and intere Jt tber~OD shall be secured 'hereby it made by Mortgagee for the' account of Mortgagor because of Mortpgorls deflo.ult. 11. All s\lmsof money secured h"reby shall be paya.ble without any relief whatever from any valuation or "ppraisement laws. 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