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Home My WebLink About1125 t ~ ~ o ' ~ if ~ . • To plat~ •nd continuoualy keep on the buildings now or h~reaftar situatt on ~~id land and o~ •II eq~ipmsM ~nd p~~so~+lly cov~~~d by thi~ monq- p~, with al! pr~miumy therwn paid in fvll, fira in~urance in the ~sual srsndard policy fo~m, in ~ tum approved by tM MORTC'sAGEE, +nd windstwm irqwanc~ in fhe usua! s+andard po~IcY form, in a sum •ppr~ved by the MORrtGAGEE, such campany or canpaniet as 1M MORTGAGEE may di~~cti and all fin snd windstorm iniurance policies on any of ss~d buildi~q~, any interrxt therein or part thrreaf, in tht pgrepatr ~um ~fafi+id or 1n ~xt~sf iMnof, ~hall contain the usual standard morrgayee tlauae or suth other tla~se ~as th~ Mortyage~ may r~quir~, makin9 tM tou under said po~F ci~t, each and tvery, p~yabte ro said MORTGAGEE as its ~nteresi may appear, and sach and every such poticy •hall b~ promptly •u.gned a~d delivered ~o . ~ny Ik{d ~y aaid MORTGAGEE u furthar security to said mnrtgage dabt, and, i+ot less th~n tan (10) deys in adva~xe of the expiration of each polity, to dr liwr to said MC?RTGAGEE a renewel thereof, tope~h~r with a receipt for the premium of such renewal; and there shall be nr fi~s or windstorm insuronce pl~t~d on any of said buildinys, eny interest therein or pert thereof, unless in the form and with the loss payable as afo~esaid; and in the event sny sum of money bacom~f paysble under wch policy ot polkies said MORTGAGEE ~hall have the option to receive and apply the ume on accouro of the indebted~ n~q s~cvr~d h~r~by w ro perm~t said MORTGAGORS to reteive and use it a any part thercof for other purposet, wiihout tharebl waivi~~g or impair• Mq ~ny equity, lien w right under ar by virtu~ of thit mortyage; and in ths Mvent ~aid MORTGAGORS ~hall for any reason fail to keep the sa~d promises so insu?ed. or fail to deliver prompllY any of aaid policies of iniura„ce to said MORTGAGEE, or fail promptly to pav fully any premium therefor or in any nspect fail to perfwm, dixharye, ex~tuta, tffect, comptete, comply wifh artd abide by this covcnant, o~ any part hereof, ~aid MORTGAGEE may plsca and p~y for suth imurancs o~ any piA th~reof withaut waiving o? effectirp any option, lien, eq~ity, or right under w by virt~e of this Mortgaye, end the full amount of aath ~nd tv~ry wth psyment shall be immediataly dua snd pnyable and •hsf! be~r interest from th~ date thereof until peid at the rate o1 nine per centum per a~num a~d together with such interest shali be aec~red by the lien of ti i~ mortqage. Tp p~rmit, commit or auffer no waste, impairment or deterioration of said property w any part thereof. 5. To pay alt snd aingular the costa, chargei and ezpenses, including a reesanable attorney's fee and caati of abstrad~ of titie, incurrsd or paid at any time by wtd MORTGAGEE, becauae or in the event of the failure on the part o# the sa~d MO~TGAGOR to d~ly, promptly snd fully perfwm, dlscfrarg~, ~xecute, dffect, tomplets, comply with and sb~de by each and every the s~ipulations, agreements, conditions, and covenents oi said promissory note and !his mortpsge any or e~ther, and sa;d cosri, chsrges and expenses, each and every, shall be immediate~y d~e and peyeble; whether or not there be notice de mand, attsmpt to collsti or suit pending; and the full amount of each end every such p~yment shall bear interest from the date thereof until paid at the rste of ~lne per tentum per annum; and all said cost~, charges and expenses incurred or paid, together wirh auth inta~est, ihal! be setured by tht lien of thi~ mort0~gr?• 6. That (a) in the event of any breach of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event sny of said tums of money her~in referred to be not promptly and fully paid within thirty (3U? days next after tFe seme several~y become due and payable, without demand or notice. or (t) tn tAe event each and every the stipulations, agreements, conditions and covenants of aa:d promissory note and thii mortgage any ar s~ther are not ~ly, promptly an3 fully performed, discharged, exetuted, effected, complcted, complied with and abided by, then in either a•ny such event ths said +y~ qreqate sum mentioned in aaid promissory note then remaining unpaid, with interest accrued, and all moneya setured hereby, shatl become dua and pay ~bl• forthwith, or thereafter, at ihe option of said MORTGAGEE, as fuliy and completely as if all of the said sums of money were or~9inelly stipulated to be puid on ~uch day, anythinq in aaid promissory note or in this Mortgage to the cantrary notwirhstanding; and ther~upon or thertatter at the option of t~id MORTGAGEE, without notite or demand, suit at ~aw or ir~ eq~ity, therefore or thareafter begun, may be proucuted as if all money setured hereby had matured prior to its insti~ution. 7. Thst in the event that at the beginning of ar at any time pending any suit upon thia Mortgage, or to foreclose it, or to reform it, or to enferce p~yment of enq claims hereunder, said MORTGAGEE shall apply to the Court having jurisdic~~on thereof for the appointment of a Receiver, such Court shall forihwith appoint ar re<eiver of sai~ mortgaged property all and singular, includ~ng aIl and singular the intome, p~ofita, issues and revenues from whatavtr wurte derived, each and every o wh~ch, it beinq expressly understood, is nereby mortgaged as if spec~ficatly set forth and described in the granting and habendum clauses hercof, and such Receiver shall have all the broad and effective fun:t~ons and powers in anywise entrusted by e Court to a Reteiver, end ~uch appointment shatl be made by such Court ss an admitted equity and e matter of absolute riglit to said MORTGAGEE, and wirhoui reference to the adequacy or inedequacy nf the vatue of the property mortgaged or to the so~vency or insolvencv oF aaid MORTGAGOR or the defendants, and ihat suth rents, profin, income, issues end revenues shall be applied by such Receiver according to the lien or equity of sa;d MORTGAGEE and the practice of auch Court. B. 7o duly, prompt!y and fully Ferform, discharge, exec~te, ef4ect, complete, comply with and abide by each and every the stipulations, agreements, conditiona and covenanrs in sa~d promissory note and this mortgage set forth. 9. That in the event thc ownership of the mortgaged premises, or a~y part inareof, becomes vested in a pe~son other ihan the MORTGAGOR, the MOR7GAGEE, its sutcesaors and assigns, may, without no~ice to the MORTGAOR, dea~ with surh succassor or wccesaor in interrst with reference to thia mort9sge end ihe debt hereby aecured in the same manner as with Mortgagor withou~ in any way vit~ating or discharging the Mortgagori liability herr u+~der or upon the debt heraby secured. No sale of the premises hereby mort~aged and no forbearance on the part of the MORTGAGEE or its successurs or assigns and no extension of the time for the payment of the deb~ hereby secured g~ven by the MORTGAGEE or its successors or asaigns, shall operate to rtleaie, discharge, modify change or affect the original liabiliry of the MORTGAGOR herein, either in whole or in part. 10. It is specifically agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or ofi the obliflation sc cvred hereby ahalf at any time rhereafter be held to be a wairer of the terms hereof or of the instrument secured herby. 11. In add~tio~ to th,; forego'i~g month!y payments of princ'pzl and intrrest required by the prom;sacry no!e setured hereby, mortgagar covenant~ end agrees to pay ta mortgagee v.~irh each monrhly payr;~ent an add~~ional surn estin~ated by mortgagee to be equal to 1/12 cf the ann~ai cost of the follow- ing: A-All reaf property taxes levi=d or assessed against thc above desaibed real estate. B-Premiums on fire and windstorm insurance as nerein requ~red to be ca~ried on the improveme~ts situate on the ebove o'estribed premises. C-Premi~ms on wch mortgage guaranty ir.wrance as mortgagee shall from t:me to time deem fit to carry on the loan secured hereby. Mortgagee shall from t'~me to timz notify mortgagor ~n writLig of the amount due and payable hareunder and such s~m shall thereupon bs due and payable on the due date of the next monthly payment and each successive month thereaft~r ur,fil mortgagee shall notify mortgagor of a change in such am~unt. Such sums s~all be applied by mortgagee toward the payment of real property `axes, insurance prem;ums, and mostgage guaronty insurance premiums. IN WITNE55 WFEEREDF, the said MORTGAGOR has hereunto se! his hand and seal the day and ye irst afor aid. Signed, S ed nd ivered in the ptesente of: ~ • ' e~~ ' ` ~ ,~u .x. t.,l~ ~-.-~•q (5eel) (Seal) STATE OF fIORIDA couNrr oF _ Saint Lucie ~ Before me personally appeared Ar e!Miani ka~ and MargSl'+At: Manikas hia wife, to mc well known and known to me to tse the individusis described in and who executed the foregoing instrument, end atknowledged before me that they executed :he same for the pvrposes therein ezpressed. And tha said Marg~ra t F M~n ika ~ wife of the raid AY:.(=}1~A Manikas , upo~ a separate and privste examination by me taken separate and apart from her said husband, ecknowledged to and before me that she exetuted said instrument freely and volun- terily and w~thout any compulsion, constraint, apprehe~sio~or fear of or from har said husband. WiTNESS my ha~d and official seal this.~~'~- day af Q• • Notary P ~t in end for 4he State of Florida et Lar9e ~ . ~?y C .~N~: g_G `G ~ :t t;:i k \~i•' `~etvr~ ~ . f ;~r; ~ .h. Vt~;,i p; r;o~' ~ ~ L2f ~ first fel~'~1•.+°"ngs~°".~rl~,Associat~an ~I` ;~~31-y 1'.? ~_:..ptP; ,•ug. o, 196~r ~,~Rrss ~p.at~1,Y, o~~~P~ef~a~ ~C R~~D _ 'm::r~canSurQt~. 1~~ ~ ~ O '~o~es~` ~ " . , 1 ~ K _ r,. - ~ ~ ~ • . C L ~C''' '65 ~~iin g ~ I 9 : ~ +:Y~ ~ • .1~~~~ ~ . t ~ • , . • y,, _ ROG~ i; r'';. i ~ ~i,{`= : . CLERK r, ; . ~ ST. LUCIE COUNTY, ~ . ~ ~ORlDA 600K ' ~ ? . . . . _ . . _ ~Jr'