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Home My WebLink About1057 3. To place and continuovsl~ keep en the bu:'d!ngs nox or hereafttr l~t~~are on s~~d ~and ar;d en a' rq~ipmert and penonr~!y covered by thi~ mortg ege, w;th a!! premium~ ~hereon pad in full, f~re i:is.!ance !n ihc usua! srandard po•~cy foim, in a s~+n aNprovrd by th~e MVk,~.aGEE, end windstorm ins~rence in tha usual standard pot:cy form, in a surn aFpro.ed by ihe M~RTGAGEE, in such con~pany ur companies as the MORTGAGfE may dirK1; and all fire and w~ndswrm insvranc~ poiic~es on any of ea~ci b~i;d~ngs, any inlere~f tfierein or part fhereof: in tha a99r~gat~ sum aforesaid or in exces_ thrreof, shall :ontain the ~sval sta~~dard morrgagee ciavse or such other clause es the Morrga~ee may requ~re, making the iou ~ndrr sa~d poli- cies, each and every, payable ro said MO4TGAGEE as ~ts inierast may ap~aar, and eech and every svch poi~cy shal! be Frompily ass gned and de~~vered ro any heid by seid ~Y1pRTGAGEE ns furthe~ eewr~ry ro sa~d mortgage debt, and, not less ~han ten tlol d~s~s in advance of the expirat~on of each poficy, to de- live~ to said M4lRiGAGEE a renewa! ;hereaf, together with a receipt tor the premiurn of such renewal; anc thnre shail be no f:re or w~ndsto~m insurance pteced on any of sa;d b~ildings, any interest therein or part ~he~eoi, un!rss in thc form and w~th rhe ioss payable as aforesaiu; and in the r.ent any wm of money becomes pay3bte under wch policy or poi;c~es said MORTGAGEE shall have the opt~on to rec~~~vu and app:y the sarne on account of the indebte 1~ ne~s sewred hereby or ro permft sa;d MORiGAGORS to receive and ~se it or any po~r rh~~rcof fcr o;i,.r ~.ur~.os.•s, ~::ri~=.;;t th•~~..; ,v;I.;,_~ ,.:p,.,r~ ing any equ:ty, l;en or right ~nder or by virtue of this mo~tgage; a~d in tha event sa;d MORTGAGORS sh~!I for any reason iail to keep the said prem~s~~~ so insured, or feil to deliver uromptly any of sa~d pol~cies of inturance to aaid MORIGAGEE, or tai! pron+ptiy to pay fuify any pre~ni~m therefor or in any resprct fail to perform, d~scharge, e~cecv~e, effed, complere, cornply wirh and ablde by th~s caoenar,t, or any par~ hzreof, sa~d N~ORTGAGEE may piace a,a pay for such insurance or any part thereof without weiving ar affecting any option, lien, equrty, or ri~ht under or by virtue of this Mortgage, and the fuil amounl of each and every svch payment shal} 6e immediately due and payable and ahaH bear inte~est from thu date rbereof unti; poid at the rate ot nine par centum per ann~:n and togethe~ with such inre~est shaii be s~cured by the I~en of rhls mortgage. 4, io permit, commit or suffer no waste, impairment or deterioratlon of sa~d prooerty or any part thcreof. 5, To pay aIl and singular the costs, charges and expenses, including a reasonabie attomey's fee and costs of abstracis of title, incurred or pald at any tim.e by said MORTGAGEE, beca~se or 7n the event of the fa:lure on the part ot rhe said MORTGAGOR to duly, p,omptiy and tully perforrn, d~scharge. exetute, effecr, complete, compiy w~th and ab;de by encn and every the stipular~ons, egreements, cond~tions, and cevenanrs of aa~d promissory note and ~h~t mortgage any or e~ther, and sa:d costs, charges ar.c~ eapenses, each and every, shall be immediatefy due and payable; wherher or not rhere bz norace d> mand, attempt to collect or suit pend+ng; and 7!~e full a~nount of each aod every such payment shall bear intorest from the date thereof until paid at tt~e rate af n~ne per centum per a~:num; and ail said ccsts, cha~ges ar.d exprnses inturred or paid, logether wnh such imerest, shall be sewred by the lien of t~,~~ mortgage. 6. Thar {e] in the event of any breach of th~s Mortgage Ar defaul! on the part of the MORTGA~OR, or ;b) in the evant any of ~a;d aums of money herein re(erred to be not prcmptly and fully paid within Ihirty (301 days next arler the same severa:ly becon;e due and payab!e, without der~,and or netlc~, • ar (c) in the event each and every tF~e stipu(ations, ag~eements, cond~rions and .ovenanrs of sa:d promissory nore and th~s mortgage ary or e~ther are no1 ~uly, Fromptly and fuliy performed, d.scharged, executed, effected, completed, conp;ied w~th and ab~ded hy, then in either or any such evem the iz~d ag~ gregate sum menrioned in said promissory note then remaining unpaid, with interest accrued, and a!( moneys sec~red hereby, shalt become dve anci pay able forNiwirh, or t?i<reaf~er, at tha opt;on oF sa;d MORTGAGEE, as fuify and completely as if atl of thc sa~d s~ms of money were onginally sr:nulated fo be ra;d on svth d.y, anything in sa:d promisscry note Or in this Mortgage to the contrary not.vithstnndi~~g; ~nd thereupon or thereafter at the option of said MORTCAGEE, w~rhout r.ot~te or damand, suit at ia.v ar in equiry, therefore or thereafre: begun, may be orosecuted as if all r.ioneys secured hereby had matured prwr to Its institution. 7. That in the event that at the beginning of or at any time pending any surt upon this Mortgage, or te foredose it, or ta reform it, or to enforce payment of any daims hereunder, said MORTGAGEE sha(t appiy to the Courf havi~rg jur(sd;ctio~~ thcreof for rhe appo~ntment of a Recelver, such Co~rt shail forthwith appoint a reteivet of sa~d morigaged property all and singular, inc;ud.ng ail and sing~lar tt,e ir.ton:e, pro(its, issves ard revenues from whatever sour~z derived, each and e++ery of wh;ch, ~t being express:y ~ndarstood, ii hereby mortga~ed as ~t spec~ficaliy ser forth and described in the grantin~ ar,d hsbendvm cfauses h~reoF, artd such Receiver shali have a!I fhe b~oad and effett~ve fu~7er,or~s and powers in anyw~se entr~sted by a Ccurt to a Receiver, and s~~ch appoinrment shali be made by s~ch Court as an admisted eq~ity and a mattzr of absolute rgM ro said MORTGAGEE, and w~fhout refer~n~e to the adeq~aty ~r inadequacy of the vatue of the property mortgaged or to the so~vency or Insolvency oF said M,ORTGAGOR or rhe detendanrs, and rhat svch rents, profits, income, issues and revenues shall be apglied by such Receiver ac.ord~ng to the (ien or equ~ty of said MORIGAGEE and the practice of such Coun. - 8. To cluly, promat:y and foily perform, distharge, exec~te, effecr, comp;ete, comply wlth ar.d abide by each and every the stip~!ativns, agreeme~ts, condit;ons and covenanrs in said promisso~y no~e and th~s mc~tgage sct forth. 9. That in the ev~nt ?he owr.ershlp pf the mortgaged erem~ses, or any part thereef, 6ecomes ves~ed in a person other than the MORTGAG~R, the MORTGAGEE, its svccesson and ass~gni, may, without notite !o the MORTGAGR, deal v,~~tn such suaessor or successor in intereat with reference to this mortgage ar.d the debf heteby secured in t?ie 33mr manner as w~th hlortgagor withoW in any way vit;ating or d:scharging the Mortgagurs' liabitity here- urder or upon fhe debt hereby secured. No sa!e of the Fre~n~ses hereby mortgaged and no forbearance en the peri of ~he 1~10RTGAGEE or its s~ccessors or assigna and no exrension of ~ne time for the payment cf the debt h~rel~y secured gwen by !ha lAOR7GAGEE o~ its successors or assigns, aliall opzrate 1o re!ease, ci~scharge, modlfy change or affect the orig~nal liaoility af the MORSGAGOR herein, ~ithpr in whole ur in part. 10. It is specifical;y agreed rhat time is oi the aasence of this contract and that no wa~ver of any obLga~:on hereunder or of the ob!igation se- c~red here6y shals at an~ time thereafter be heid to be a waiver of ft~e ter.ms hereof or of the instrument setured herhy. 1 I. M a:id.rea to rh~ forego ng rnerith!y paym_•nrs of F rinc pa! and int ~rest roq~~rea by 1he n+om s>~ry r.o'e s:c~red hereb~, mortgagor eovenanrs ard agrees ro pay to mortqagee ~nith each menth:y Fay~..<nt an acid~rlonal sum es! n~ared by mertgsgee to be eqval to i, 12 af tl~.e an.~val cosi er the foliow- ,~9; A-All real procerty taxes !e~ii~d or assessec: agai~~st the ahove descrihed r~al esta!e. it-Fre.r.:u~ns o,~ fire and windstorrn ir5;:ry~, a5 nere~n req~ red !o be ca~rieci e~~ the irr~roveme~!s s't~ate on the above d_scr,bad premis?s. C-Pre:^iun~s on such mo;!;_ge gua~an?y ir.surar.ce as mert9ayee sha;i from t me to time deem fit to carry on the Ican secured hereby. h':ortgagee sha'J from t~m~ to ti-r.e nctif~~ mcrr~,~cr in writing of rhe arnevnt d~e ar.d payable her~vndcr and s~ch s~n, sh~i! the~eupon be due and payabte on tne due da~e of rhe next n~onth'y ps•yrn~nt and each sutcess~ve month rhere~ftar u~:tii mcrtgayee shall not~fy mcrtg3gor ef a chang~ in su;h a~~'~ount. S~ch sure-5 shail be app:i?d by mortgay,~e t~ward th~ Fayment of real procerry taxes, insurana~ pr~m:ums, and rnort•aage gu~rar.ty insurarlce Qremiurris. IV l'J'tTNE55 V.'HERtOf, tne said MORTGAGCR has hereunto set h:s hand ar.d seal tne day and year first aforesaid. 5ipn d, ea!ed and~efivered i e pr nce of: J Palmer_ d Cris t T~c. ~"t~si> Rn~ _i - Uresi~~ - _ R t t e s ~t : ,,'i "s ~'3i ~/l ~ , : - - . . ~ . ~ .-M ~ ~ q, µ STA7E OF FLORIDA COUNTY OF ST. LUCIE , ' r. ri I~IEREBY CER7IFY, That on t~is day of June `•T.,,,A.D..~19~__, before me personally appeared J. Crist and W. A. Pa1~162~•• respectively _ President and Secretary , 4f Palmer and Crist, Znc. FIOt'ida, Corporation, to me ~ knawn to be the persons described in and who executec~ the foregoing instrument, and severaliy acknowledged~ ~he- exe- cution thereUf to be their fre~ act and deed as such officers tor the uses and p~~rposes therein mentioned;L~n~'}~~t fihey ~p affixed *hereto the officiai seal af said corporation, and the said instrument is the act and deed o~ s.aid corporati~n,. { _ ; r~ ~ ~ ~ /1 " WI7NESS my hand and otf;cial seal a'r Fort Pierce ~ , said county and stete: : t - _ . ~ F 1 L E AN E C R D~ ~ ' L:'~'' B00K . ;N~tp~.Public, in and for St te and Covnty~aforesaid. 1 ,~Ay ommission Expires: rl~~f~S ' -61,L(iC~ No ary Puh!ic, S,,'.e of F.;or;~a ~t~~a~.;a ~~y ~.~n.n~ ; rrs `:av,. a%- - t~J t',~i 1 1~ J~ ~ . ~3Gtli1£~ by t,~„_ ..4,. S;lf@ty G0. 0:~. , V ~ . . - tll..)t~~ ~ , . . . . ~oc~~ ~o~~r~a~. C~ERK - ~ rni1NTY, ~ ~ ~ ~i. . ~ ~ i ~:i.~~ ~'~li - ~~{~~i~.~ 4~ ~ - ~