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Home My WebLink About0736 ,i . I ~ ! i ; I = 3. To olaa and continuo~ily k~ep on ths b~ildinps now or h~nafisr ~itwt~ on si~d i~nd ~nd on all aquipmant and p~nenally tovKed by fhi~ mort~ ~ with all prem]wns tF+~raon paid in full, fite insur~nc~ in th~ us~ai standard policy Form, in • sum approwd by th~ MORTGAGEE, •nd wi~dstwm Inwr~„ta in tM uswl itac~~d poGcy fwm, in • aum approvrd by the MOR7GAGEE, in such com~sny or con+pania as tl+~ MORTGAGEE may i dirett; ~nd all fir~ ~nd wi~torm i+uurante po~~tiss an ~~y of sai<i buildiny~, rny inM~~sf TAerlin or part thereof, i~ eM agqreflat~ wm afor~said or ~ In ~xeeu thereof, ~MI) contain fF» usual stsnda~d mortgages dws~ or .uch ah.r tlavie ~s the Mortyagee may requln, making tM lou unde+ wd pola ciK, ~a<h and ev~ry, payabf~ to s~id MdRTGAGEE a~ its intere~f may app~ar, •nd each snd wery such po!icy shell be promptty a~a.yned and d~~ivered to ~ any held by aaid MORTGAGEE a~ furtha~ securiry to uid mortya9~ debt, and, not lesa tF~an tan (10) days in advance of the expiration of each policy, fo ds- liwr to uid MORTGAGEE a r~newal tfiereof, topath~r with a receipt fw the premium of tuch renewel; and thero shal{ be ~~o fire or windsrorm i~~urance I placed on ~ny of said buildinqs, any intera~t tMrein or part the~eof, unleaa in the form and with the ~oss pay~ble as aforesaid; and in the event any sum of money betomes payable under ~uch polity or policies seid MORTGAGEE shall have tha option to rrteive and appty the tame on account of the indebted- neas s~cured F+eroby or ro permit s.id MORTGAGOitS to receiv~ and ua~ if or sny part thereof tor otner purposet, witi~out thereb; wai~i~~g ~r impau- iny any equity, lien or right under or by virYUe of this martqage; and in Ihe ~venl u~d MOi2TGAGORS shall for any reason fail to lccep the said premises so insured, or fail ro delivcr promptly a~y of uid policies of insurance to said MORTGAGEE, or fail promptly to pay fully any premium tharefor or in any respect fail to perform, discharge, axatute, effect, sompiete, comply with and abide by ihi~ covenani, or any part hereot, said MORTGAGEE may place antl pay for such inaurartce or sny psrt thereof without waiviny w sffecting any option, li~n, equity, or right under or by virtw of thia Mortgage, and tht ~ full smo~nt of each and every ~uth payment shall be immediatoly dve a~d payable and thall beer interea~ from the date thereof until paid at thc ratt oi nina per cent~m per annum and togather with auch intereat shal~ be secvred by the lien of this mortgaqe. ~ i 4. To permit, commit or •uffer no waat~, impairment w deterioration af said property or any part thereof. ~ i 5. To psy all and sinyular the costa, charges and ezpensea, includinq a reasonable attorney"s fee and costa of abstracts of title, incurred o. paid at any time by se~d MORTGAGEE, becsusa or in the event of the fsilure en the part af th~ ~eid MORTGAGOR to duly, promptly and futly perform, d~scharge, i execute, effect, tompleta, comply with and ab~de by tach and every tha stiNu~aiions, agreements, conditions, and covenants of said promissory note and this I mortgage any or either, and said cests, charges and expenses, each and every, shall ba immediate~y d~e and payable; whether or not there be norice da , mand, attempt ta coliect or suit panding; a»d the full amount of each and every such payment shall bear interest from the date thereof until paid at the ~ rate of nina per centum pvr annurn; and aIl said coits, charges and ezwenses ~rxu~red or paid, togethar w~th wch intere~t, ihail be aecured by th~ lien of thii i mortyeqa. ~ 6. That (e) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of said s~m~ of money ~ ~ herein referrcd to be not p~omptly and fully paid within thirty (30) days next after Ihe same severalty become due and payable, without demand or notitc, f or (c) in the event each and every the stipulations, agreements, condition~ and covenentf of sa~d promissory note end thie mortgs9e any or either are no1 ( i ~uty, promptly a~d fully performed, diachargcd, exetuted, effected, completed, tomplled with and abided by, then i~ either or ~ny su<h event the said ~fl• ' ; ~.egate sum mentioned in seid promisaory note then remaining unpaid, with interest actrued, and aIl moneys secured hereby, ~hall become due and pay ~ ahie forthwith, or ~hereafter, at the option of aaid MORTGAGEE, as fully and completely as if all of the said s~ms of money were oriflinally •tiputatrd ~ to bt paid on such day, anything in sa;d promissory note or in fhii Martgage to the tontrary notwithstanding; and therrupon or thereafter at the option of seid MORTCaAGEE, without notite or demand, suif at law or in eq~ity, theretore or fhereaher begun, may 4e prosewted as if all money secured hereby ' had matwed prior to its institution. 7. Thet in the evenf that at the beginning of or at any time pending any •uit upon this Martgege, or to fo~ecloie it, or to reform it, or to enforce ~ payment of any claima hereunder, xaid MORTGACEE shal! apply to the Court having juriadicticn thereof for ~he appointmem of a Receiver, such Court shal! ' . forthwith appc~nt a receiver of aaid mortgaged property all and singular, includ~ng atl and singular the income, profits, issues and revrnues from whatever source derived, each and every of wn[ch, it being expressly understood, i~ herel~y mortgaged as if spet~fita{ly set forth and described in tha qronting and i habendum cla~ses hereof, and suth Receiver shall have etl the broad and effective funct~ons and powers in anywise entruated by a Co~rt to a Receiver, and t~ch appointment shall be made by such Court as an admitted equity and a maner of absolute right To said MORTGAGEE, and without reference to the ~ adaqvaty or inadeq~acy of the value of the property mortgaged or to the so~vency or insolvency of said MORTGAGOR or the defendants, and that such i rents, profits, incorne, issues and reven~es shall be appl~ed by such Receiver according to the lien or eq~ity of said RAORTGAGEE end the practice of such ~ Co~rt. B. To du!y, promptly and fully pe~form, d:schnrge, execute, effect, complete, comply with and abide by each and tvery the stipulationi, agreemeMe, { conditions and covenants in said pramissory note and this mortgage set forth. ~ 9. That in the event the ownership of the mortgaged Qremises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the ~ MUR7GAGEE, its successors and assigns, may, without notice to the MORTGAOR, deal with such wccessor or successor in interest wi!h reference to this ~ mortgage end the debt hereby secured in the same manne~ as with Mortgagor wifhour in eny way vit~ating or d~acherging the ~Aortgagor~' iiabitity here- under or upon the debt hereby secured. No aale of the Fremises hereby mortgaged and no forbearance on the part of the 1dC~RTGAGEE or i~s successors ~ cr assigns and no extension of tha time for the payment of the deb~ hereby iecured given by the MORTGAGEE or its successors or assigns, shall operate • ?o re!ease, diacharge, modify change or affect ±he original liab~lity of the MORTGAGOR herein, eithrr in whole or in part. ~ lu. It is specificalfy agreed th~t time is of the esser,ce of this contract and that no waieer of any obl~gation hereunder or of the obligation se- ( cured hereby shall at any time thereafter be held to be a waiver of the tecros hereof or of the instrument secured herby. ` I1. In add tio~ to the foregU:-g momhly paymsnts of princ'pal and interest requ~red by the promtsso:y nore secvred hereby, morlya~or cov~~~o~ds ~ and agrees ro pay to mortgagee with each momhly payment an adciirional sum estimateo by mortgagee to be equal to t; 12 of the annual cosi of the follpw- ~ ing: ~ A-All real propert/ taxes levied cr assessed agai~ist rnc ahove descri5ed real estate. B--Pr~miums on fire ar.d windstorm insurar.ce as here~n requ~red to be carr~ed on the improvrme~ts s~tuate on the above destrlbed premises. ~ C-Premi~ms on such mortgage guaianty insurance as mortgegee shall from t~me to time deem fit to carry on the loan secured hereby. ~ Mortgagee shai! from time to !ime notify mongagor in writ~ng of the amount d~e and payable hereunder and such s~rn shali thereupon be due and ~ payable on tne due date of the next mvnthly payment and eath wccessive month thereaftcr unti~ mortgagee shall notify mortgagor of a change in such ! amaur,t. Such sums shall be epplied by mortgagee ro~nard the payment of real property taxes, insurance prem ums, and mortgage guaranty insurance y' premiums. " ~ IN WITNE55 WHEREOF, the said MORTGAGOR has heie~nto set h~s hand and seal the day and year fi~st aforesaid. + ignrd, led an livered in the presence of: ~ _ ~ ~ ~Se~l) I _SQ (Sea q I (Sea l) ~ (Seel) S TE OF FlORIOA ~ Saint Lucie ~ ' COUN?Y OF ~ Before me penonally appeered F'I'.8 . ~lll A~ and ~~~1Q~~~'1 _T his wi{e, to me well known and known to me to be ~ the individvals described in and who executed the foregoing instrument, and acicnowledged before me that they executed the same for tne purposes fhe~ein ezprested. And the said EliZ8~Q~l- j~ ~11~K i wife of the said F?"g~ S• ~L~ , upon e sepa~ate snd private i exam~nat~on by me taken separate and apart from har said husband, acknow~edged to and before me that she executed said instrumenr freely and voiun- 1 tari;y and w~thout any compulaicn, constraint, apprehens;~ or fear of or from her taid husband. ; ~ L~ WITNESS my hand and offitiat seal this_ L~~' day of A. D. 19_4~? i ~ Notary Pu in end for the State of F{orida at large ~ My Com sion expiret: , ~ ,Qe~ww.loi.', . ~ ' . F~~st ~cts~'~Sa~~~9s ~'Cqa~i Assotiaiion Notary PabGc, State oi Pforida at L'a~ge ' y ,,~(Y(`.Fqrj~~~~ce'.'_ ` FIL Q My Comm:ss~Ott Expi~es Aug. 6, 1967 ! ~ Fort Pierce, f!bi1la: R~ ORO~~ ~'n~Qd By American Surety Co. of N, Y, i • ~ ~ ~Q ' _~i'. J, 3 ~ i~ . '.,e'/ A) ~ K i _ ' 'V~ ~t~~ ~~IM~!i,- - _V r , ~i`~.`e •~~;,'~l' k fi . . ~ p`~~ 3 ~ ~ c; ~•`':1~,..._ i r'`.; s _ - . ! ' RO~E;? ~~C;; ~ r'~AS. C~ERK = .:~..t•' . " ~ _ ~ S~. ~-UCIE COUNTY, } - " ~ R ~LORIDA BQOK~24 134 ~ ~ : ~ - ~ . r ~ ; ~ ; - . ~