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Home My WebLink About25650. R. ~t~ FA6E ~~~ 80~~K 0. To place •nd continuously keep on the bulldingt now or henaftsr dtuats oo said land and on all equipment and pe:sonuly covered by this mortg- ege, with all premiums thereon paid In full, firs inavrance err tM utvel standard policy form, In a cum approved by the MORTGAGEE, and windstorm insurance in the usual standard policy form, In a wm approved by the MORTGAGEE, In wdr company or compenier as the MORTGAGEE may direct; end all fir• end windstorm insurance polklsa on any of raid bu'Idings, any interest therein or pert thereof, in the aggregate cum aforesaid or In excess thsre^_f, shall conuln the usual stand;,rJ mortgages clause w wch other c4usa err the Mortgagee may require, making iha loss under seid poli- cies, each tnd wort', payable to said MORTGAGEE •r its IntsreN r,uy appsu, and each end every such pulley shall ba promptly assigned and delivered to any frsld by said MORTGAGEE a further security to said mwtgag• debt, end, not Ise than ten (10? days in advanu of the expiraricn of eech policy, to des liver to said MORTGAGEE a rartswal thereof, together with a receipt for the premium of such renewal; and theca shall be no fire or windstorm insurv~ce placed on any of seid bulidingr, eny interest therein or part thereof, unease In the form and with tf,s log payable at e(oretaid; and in the event any sum of money becomes payable under such policy or policies said MORTGAGEE shall have the option t. re:aive end apply the same on eccou-,t of the indebted- ness secured hereby or to permit said MORTGAGORS to receive end use it or any part thereof for other purposes, without thereby waiving or Impart- ing any equity, lien or right under M by vlrtw of this n,Ortpege; and in the event said MORTGAGORS shall ter any reason fall to keep the said premises so insured, cr fail to deliver promptly eny of seid policies of Insurance to said MORTGAGEE, or fail promptly to pay fully any prer.,~um therefor er in any respect fell to perform, discfrargs, execute, s`.fsct, complete, comply with and abide by this covenant, or eny part hereof, said MORTGAGEE may place and pay fa such insurance or any part thereof without waiving or effecting any option, lien, equity, or right under or by virtue of this Mortgege, and the full amount of each and evwy such payment shell be immsdlately due and payable and shall bear Iniarest iron, the date therwf until paid at the rate of nine per centum per annum and together with such interest shall be secured by the lien of this mortgege. 4. To permit, commit or suffer no waste, impairment or dstsrioration of raid property or eny part thereof. 5. Tc pay all end singular the costs, charger and expanses, including a reasonable attorney's fee and costs of abstracts of title, incurred or paid at any time by raid MORTGAGEE, because or in the event of the failure on the part of the raid N.ORTGAGOR to duly, promptly end fully perform, discharge. execute, effect, complete, comply with end rbide by each end every the stipulations, agreements, conditions, and covenants of said promissory note end this mortgage any or either, end raid costs, charges and expenses, each end every, shall be immediately due and payable; whether or not there be nonce de mend, attempt to collect w suit pending; and the full amount of each and every such payment sheet bear intarett from the date thereof until paid at the rate of nine per centum per annum; and all said cotta, charges end expenses incurred or paid, together with such interest, shall be secured by the lien of this mortgege. b. That (a) In the event of any breech of this Mortgege or default on the part of the MORTGAGOR, or (b) in the event art' of seed rums of money herein referred :. D's n„t nrnmptly and fully paid within thirty (30) days next after iha same severally become due and payable, without demand or notice, or (c) in the event eech and every the stipulations, egreemenb, conditions and covenants of said promissory note end this mortgage any or either are not duly, promptly and fully performed, discharged, executed, effected, completed, complied with and abided 5t', then in either or any such avant the said ag- gregate sum mentioned in raid promissory note then remaining unpaid, with Interest accrued, end all moneys secured hereby, shat! become due end pay- able forthwith, or thereafter, at the option of said MORTGAGEc, as fully and completely as if all of the said rums of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereafter at the option of said MORTGAGE:, without notice or demand, suit st law or in equity, therefore or thereafter begun, may be prosecuted at if ell moneys secured hereby had matured prior to its inatitvtion. 7. T)tat fit the event that at the beginning of or at any time pending any twit upon fhit Mortgage, or to foreclose it, cr to reform it, or to enforce payment, of any claims hereunder, seid MORTGAGEE strati apply to the Court having jurisdiction thereof for the appointment of a Receiver, such Court sl,ali forthwith appoint a receiver of raid mortgaged property all end singular, inducting ell and tinguler the income, profits, issues end revenues from whatever wvrce derived, each end every of which, it being ex~restly understood, it hereby mortgaged as if specifically set forth and described in the graniing and habendum clauses hereof, and such Receiver shall have ail the broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such sppointrnent shall be made by such Court as en admitted equity end a matter of absolute right to said MORTGAGEE, and without reference to the adequacy or inadequacy of the valve of the property mortgaged or to the solvency or insolvency of said MORTGAGOR or the defendants, and that such rents, profits, income, issues end revenues shall be applied by such Receiver according to the lien or equity of said MORTGAGEE and the practice of such Court. 8. To duly, promptly and fully perform, discharg'r, execute, effect, complete, comply with end abide by each and every the stipulations, agreements, conditions and covenants in sai,f promissory note and this mortgege set forth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person otfte• than the h10RTGAGOR, the MORTGAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with tvch successor or successor in interest v~ith reference to this mortgege and the debt hereby secured in the same manner es with Mortgages without in any way vitiating or discharging the Mortgagors' liability here- under or upon the debt hereby secured. No tale of the premises hereby mortgaged and no forbearance on the part of the MORTGAGEE or its successors or assigns and no extension of the :rme for the payment of the debt hereby secured given by the MORTGAGEE or its successors or assigns, shall operate to release, discharge, modify change or affect the original liability of the MORTGAGOR herein, either in whole or in pert. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder cr of the obligation se- cured hereby shall at any time thereafter ba held to be a waiver of the terms hereof or of the instrument secured herby. 11. In addition to the foregoing monthly payments of prir.c pal and interest required by the t:ron,~ssory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment :n additional sum estimated by mortgagee to be equal to 1 j 12 of the annual cost of the fol!o.v- ing: A-All real property taxes levied or asaested against the above described real estate. B--Premiums on fire and windstorm insurance as herein required to be curled on the improvements situate on the above described premises. C-Prey„iurr,s on such mortgage guaranty insurance as mortgagee shall from time to time deem fit to carry on the loan secured hereby. Mortgagee shall iron, tine to tame notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due end pryab:e on the due dare of the next monthly payment and each successive month thereafter until mortgagee s` elf notify mortgagor of a change in such amount. Such sums shall be applied by mortgagee toward the payment ~f real property taxes, inwrance orem:ums, and mortgage guaranty insurance premiums. ~ ' IN Y~'ITNESS WHEREOF, the said MORTGAGOR has h^_reunto set his hand and seal the day end year (first aforesaid. Si d, Se ed an erect ' the presence of: ~ ~_.- c,.1.` -. s,~,_t~ (Seal) ~ GC s.~ 't<~trr' (Seel) r/ (Seal) STATE OF FLORIDA St. LTlcie ~~ COUNTY OF Before me personally appeared Joseph '~flTlEr&710 e"d ~j?T1R 1)Rl8 ?'1£lI7i?£ij10 hit wife, to me well known and known to me to be the individuals described in and who executed the foregoing instrument, and acknowledged before me that they executed the same for the purposes therein expressed. And the said. bT1T1fi T1A~ e ~1A71~T817a 4 _, wife of iha raid •TO$B~]h i•{£T1"1n upon a separate and private examination by me taken separate and apart from her seid husband, acknowledged to end before me then she executed seid instrument freely a.~d volun- tarily and without any compulsbn, constraint, apprehension, or fear of or from. her said hs•sband. WITNESS my hand end offi_3al ual this- t~h day of A. D. 19~ Notary Public in and for the State of Florida at largo My Commi:siort expires: r to f Raittxn•To: ~:`('"'~~~a~ t~yls ; ~s roan a..,.~..~.,•.. `~~ ~~ ~ .9~f~f'!iyPiarce. ,,, 1? ?_~ i0 FI iua OReco~RDa00K ltd 191 DEC 20 PM 3: 30 ROGER POI7RAS. CIERK ST. IUCIE COUNTY, FtORIOA ~~t Notary Public, State of Florida at Large My Commason Expires April ?_4, 1465 Bonded by Ameoc;i~ Suety Co. of n. 'r ..`+,y, , . '; ice: J`o~ s~f %~ `Y -