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Home My WebLink About20288U~1( 2~1 PACES~S S. To play end conrimsowly keep an tl+a buildings ~ ~e ~+(~t~t- W W~ r uidr ~d •^d on •11 ~ipment and pawnalh covered by this matg- age, with ell premksms thereon paid in full. ftro InNrrenq M fM YIbM'Me1dj1~1~o1ilyr~t- in • sum a oved by tM MORTGAGEE, and windstorm Insurance in tM uswl standard polky form, h • corn epprowd by tM MORTGAGEE, ro such company a companiu u tM MORTGAGEE may directs end ell fke and wirtatlorrrt Inswena polkiN on etty of seld bulldrreps, twtY InINNt thNein a pert tMreo}. in -M_aggrpa» sum aforesaid a M exceu rMreof, shell conuin tM vawl standard mortgagee efeuaa a such ahN deuce a the Mortgagee may requ'ue, making tM loss undN acid poll. ties. each and every. payable to uid MORTGAGEE u its interest m.y appear, end esclt aril every ouch policy sMll be prompth assigned and delivered ro eny MM by uid MORTGAGEE as further aetwity ro sold mOrtgape debt. end, not Ices than tars (10) deri rt advance of tM expkation of each policy, to de- IivN to said MORTGAGEE • rent«al theroef, togethN wNh • receipt fa tM premium of such renewal; end tMr~dtaleforesaids,ard In 1M eventiany sum placed on any of said bviWirsgs, any interest thNeM a pert thereof, tmleaa In tM form end with tM loss pay of tna+eY becomes vayable vndN such polky or policies said AhORTGAGEE-sMll hew fire option to receive and apply tM same on account of eM indebted- ness secwed Mreby or b permit said MORTGAGORS ro noehn and race N a eny pert thNeof for orMr purposes, without thereby waiving a impatr• tag any equity, lien or right wader a by viAw of fhb mortgepat and M flee weM said MORTGAGORS atoll fa any reason fail to keep tM said premiau so insured, or fail ro delh!N promptly any of said polkies of ir-surence ro said MORTGAGEE, a fail prompth to par fully any premium tM-efa a to erry respect fell to pNfornb discharge, execute, affect, complete, comply with end chide by Mis covensm, a any put hNeoi, acid MORTGAGEE may place and (ull finaunt ofmiach and every ouch payment sisal) be a1v~Nt+lY dwi end payable and nhal~rbeu Inte~q from M datevthereoff un1i1 paidt ~~ M wetol nine pN centum pN amum end rogetMn with such tntenat shall be secured by tM Hen Of thh mortgage. 1. To permit, eornenft a avffN no waste, imps4ment a dNeriaatbn of seW property a arty pert thereof. S. To pay ell end slrgulN tM costs, charges end expenses, kstfudlreg a roesortable attorney's fc• and costs of ebaeraeM of titre, Incurred a Mil at any time by said MORTGAGEE, because a In tM event of tM felhsro on tM paA of tM said MORTGAi~OR ro dote, pompth end fully perform, discharger execute, cited, compleM, comply with and abide by each and awry tM stipulations, preernents, condiirons, and covenants of uid promissory note and this mortgage any or either, and said costs, charges and expenses. Beth end awry. atoll be krrnediateh due end paYablet wMthN a not there bs notke d~ mend, attempt to collect or suit perdirgs and tM full amount of each end evNY such payment shall bear interest front tM date thNaof untH pid at tM rate of nine per centum pN annwn; and all said Doses, charges and expenses irrtsNred a paid, togethN with such InfNUt, shell be wowed by tM lien of this morgege. 6. That (a) in eM event of arty breath of this Mortgage a defsuh on tM part of tM MORvGAGOR, a Ib) In tM event any of said sums of nsorsey herein referred to be not promptly and fully paid within thirty f30) days hart aftN tM same wvNally become dw and WYable, without demand or nonce, or (d in tM event each and every tM stipulatiom, agreements, cor-diirons and covenants of said promissory note and this mortgage any a eithN ue not i~ly, promptly and fully performed, discharged, executed, effected, completed, complkd with and abided by, then in either a any such avant tM said eg gregate sum menironed in said promissory note tMn remaining unpaid, with lntaest accrued, and all moneys secured hereby, sMll become dw and P+Y able forthwith, or thereafter, st the option of said MORTGAGEE, as fully and canplereh as ii all of tM said sums of money were wginelly stipulated ro be paid ors such day, anything in said promissory note a in this Mortgage to tM contrary notwithstanding; and thereupon pr thereaftN at tM option of said MORTGAGEE, witFavt nonce or demand, suit et law or in equity, tMrefore or thereafter begun, may M prosecuted as if all moneys secured hereby had matured prior ro its institution. 7. TMt in tM event that at tM beginni:sg of a at any time pending any suit upon this Mortgage, or to foreclose it, or ro reform it, or to enforce payment of any claims Mreunder. said MORTGAGEE shall apply ro tM Court Mving jurisdiction thereof for tM appointment of a Receiver, such Court sMll forthwith appoint • receiver of said mwtgeged property all and singular, includrrg all and singular the income, profits, issues and revenues from whatevsr source derived, each and every of which, it being expressly undNStood, is Mreby mortgaged as if specifically set forth and described in tM graining and halxndum clauses Mreof, end such Receiver shell Mve all tM broad and effective functions and powers in anywise entrusted by • Court to a Receiver, and such appointment shall be made by such Covet as an admitted equity and • mattN of absolute right to said MORTGAGEF_ and without reference to eM adequacy or inadequacy of tM valw'of tM property mortgaged a ro the eolvertcy or insolvency of said MORTGAGOR a tlu defendants, and that such rents, profits, income, iuuu arty revenues shall be applied by such Receiver according to tM lien a equity of said MORTGAGEE and she pradke of such Court. 8. To duly, promptly and fulh perform, discharge, execute, effect, oomplets, comply with and sbide by each and every tM stipulations, agreements, condiiwas and covenants in said promissory note and this mortpps wt forth. 9. TMt in 1M event tM ownership of 1M mortgsgrd prNrtises, a eny pert thereof, becomes vested in a person otlxr than tM MORTGAGOR, tM MORTGAGEE, its successors and assigns, may, without notke to tM MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and tM debt hereby secured in tM ume manner as with Mortgsga without in any way vitiating or discharging the Morrgagori liability Mre- under aupon tM debt hereby secured. No sale of tM premises hereby mortgaged and no forbearance on tM part of rM MORTGAGEE or its suc<esaors or assigns end no extension of tM time for tM payment of tM debt hreby secured given by tM MORTGAGEE or its successors a assgns, shall operate to rekue, discharge, modify charge or affect tM original liability of eM MORTGAGOR Mrein, either in while or in put. 10. It is specifkalh agreed that time is of tM essence of this toMrect and that rro waiver of any obligation hereunder or of tM obligation st cured hereby shall at any tir..e thereafter be Mkl to be a waivN of tM terms hNeof a of tM instrument secured Mrby. IN WITNESS WHEREOF, tM said MORTGAGOR has Mreunto set his Mnd and seal tM day and year first aforesaid. ((~~~~ Signed, ed and in pesersce of: s~V ~~e~N~V-TSeal) • ~~, ~ t t~ ~) tsean STATE OFFIORIDA ~ ~ COUNTY OF Saint Lucie Ma~aard H. Smith, Jr. .nil Eefore me personally appeared $lfiifi r~~i th hh wife, to me well known and known to ma to t» fife btdividueb described in and who ezecuhd tine foregeNg (tgtrsrneertf, and before that eMy executed tM same for tM pwposu ,.~'_"~~'"~ meet thNein expressed. Ana rtes w tTIItied H e th, J! • upon . wparate and private wife of tM said ro end before me that sM exacutsd veil instrument ireeh and examination by rite taken separate and apart frarn her said husband, edcrtowledged ratite and without any compulsion, constraint, apprelwnaiM, a far of a from hN said husband. J u A. D. 19~~-- WITNESS my hanri and offkial seal tltia_ /t'~h day of . 1~2p(3 ~ ~ ary fhrblk M .rtd •fa tM Sta. of fYorida et large assttrtstrr,. ~(jll CorrMnlssien exPMess Firs) Fv(tkael.~~?s'°o ;. ~.! fcut ~~ 'r _ s 0 .~ , _ ~ ~ t' • e ~•R',1 ~ tJ' ... ,,,. _ ::,.: ~,ta, ~Q AND RECORDED AJ~Htia[..Bxad-~( 1961 JAN 16 PM 3: 0 I ffp>ary Pub':c, Stale of ftor.da at large My Comm+sron Expires April 24, 1965 gortded by km~rica~ Surety Co. at N. Y. ROGER POITRAS~~~IEAK ST. LUCIE CdUNT~,~.OftIOA~ Y ~ ~t;'.'~ t: ~. ti. .• i. .w ~ ' S ~ .. }.~~y r r•/, S ~~ J1tN ItMr .r'~`• _ C J~' :~ ~ r F'. ~f ~ ' ~~!I ~•. '.<~-~ ..r r-)