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Home My WebLink About1842 3. To p1acY •nd oontin~ovt~y ke~~p on the bui'dings now or hereafter •~tuat~ on said lind a~d on all eq~ipm~M ~nd ps-non+l~Y tovfrtd by thif marlg~ p~, with al) pr~miwnf th~r~on paid in f~ll, fire inauronce in ~he usual standard potic•y fwm, io • sum ~pprowd by tha MORiGAGEE, a~d windttorm Mwwanc~ In tM uswl atand~rd po~iry form, in a wm approved by the MORTGAGEE, in such mmpsny or compa~ip as tM MORTGAGEE m~y dk~ctj ~nd ~11 fir~ ~nd windirorm insura~ce r+o~~ties on any of sa~d build~ngs, ~ny in»rM ther~ih o~ part ther~oi, in tM ~yyreq+ts wm afa~is'~d ar M~xatins tl+~nof, ~MII conbin tM uxwl st~~ard mortgagee tlsuee or such othe+ CI~UfO ii rh~ Mortyagee m~y nquin, maMiny the los~ und+rr s~id pol~ cNs, weF~ ~nd ~v~ry, p~yab~a ro faid MORTGAGEE as its intrrest may appear, a~d each snd every tuch policy thall be promptly ass.flnsd snd deliverad to ~ny h~ld 6y said MORTGAGEE aa further security to said mortgage debt, ar~d, not leu than ten (10) deys in advance of the expiration of each policy, to dr ~iv~ to wid MORTGAGEE • r~newal therwf, to9eth~r with a rece~pt for the premium of suth renewal; and thera shall be no f~re or windstorm insurance pl~t~d on ~ny of aid building~, ~ny intereYt therein or pen thereof, unless in ihe fo~m and with the loss payablt a~ afortrsaid; and in the event s~y sum af mon~y b~ca?N~ paysbl~ ur~d~r wch policy or policies faid MORTGAGc'E shall have the option to receive and apply the ume on account of the i~debted- e~t t~tu~~d Mr~by or ro pKmit taid MORTGAGORS to receive and use it or any part mereof far other purposcs, without thereby weiving or ~mpair Inp any puiy, li~n or ri~ht under w by vinue of ihis morsgage; and in the event ~e~d MORTGAGORS ~hall for any reeson fail to keep the said premisei so Inauntd, w f~il fo drliwr promptly rny of said policies of insurence to said MORTGAGEE, or fail promptly to pay fulty any prem6um therafor or 1n a~y nsp~ct f~+! to p~rfwm, disr.huQr, e:tcute, effect, compl~te, comply wirh and abide by this covenant, or any part heraof, taid MORTGAGEE may place and pay fw tuch Insu?~ncR or any part tMreof without waiving or affectiny any option, lian, aquity, w right undar or by virtua of thi~ Mortpe9e, and ths full amovnt nf Nth u~d ~wry suth payment fhall be immediately due and peyabla and shall beer intereet from th~ dats thereof until paid at the rate o1 nir» p~r esntum p~~ ~nnum snd togetl~er with wch inrereat shali be sacured by the lien of thii mortyage. I. To p~rmit, tommit w suffa no waste, impairment or deterioration of said property ar any part thereof. 5. To pay all and sinqul~r ths totts, thargei and ezpenses, including a reasonable sttorney's fee and tost~ of ~b~trsctt of fitle, inturr~d or p~id af •ny time by said MORTGAGEE, kf~cause or in the event of the failure on the part ~f the said MORTGAGOR ro duly, promptly snd fu~ly perform, discherqs, ~xecuta, ~ffect, compl~t~, comply with and ab~de by each anrl every the stipulations, sgreements, conditioni, and cov~nann of taid promissery nar~ and thts mortqaye •ny ot eirher, ~nd iaid coari, cha~ge~ and expenses, each and avery, shall be immediately due and payable; whether or not there be r~otice dr mand, attempt to collett or suit p~nding; and the full amount of each and every such payment shall bear interast from ihs date thereof until paid at th~ rete ef nine per centum per artnum; •nd all sa~d costs, chargea and expen:es inc~rred or paid, together with auch inter~u, shall b~ tstur~d by the li~n of thi~ mortppe. C. 1}~at (a) in tha event of any breach of this Mortga9e or default on the part of the MORTGAGOR, or (b) in the ~vsnt eny of said f~m~ of mon~y henin referred to be not promptly and fully paid w~thin th~ity (3C) days next after the same severatly become due and psyabls, without dam~nd or notite, or (c) in the event eath and every the atipulatio~s, agreements, conditions and covenante of sa~d promissory note and thi~ mortqeye sny or either u~ no1 iuly, promprly and fully performed, discharged, execured, effected, completed, complied w~rh and abided Sy, then in sither or any •uch ~v~nt the iaid aq~ proyata a~~n m~ntioned in ssid promissory nore then remaining unpaid, with interest accr~ad, and al! moneys secured, hereby, ~hall beCOme due •nd pay- ~bl~ foHhwith, or thMreaft~r, at ihe option of said MORTGAGEE, as fully and completety as if all of the said tunr of money were or~qin~lly •t~pul~ted to be paid on such day, anythiny in said promissory note or in this Mortgage to the contrary notwithatandin9; and thareupon or thereafter at the option of ~~id MdRTGAGEE, witho~t notice or demand, suii at law or in equity, therefore or thereafter begun, m~y b~ proiertuttd a~ if all money~ ~KVr~d h~r~by hed rrNtured prior to itt instit~tion. 7. That in the event that at the bcginning of or at any time pending any su~t upon this Mortgage, o~ to foretlo~~ it, or to reform tt, or to snforc~ payment of any claimr herevnder, ~iid ArtORTGAGEE shall apply to the Court having jurisd~ction thereof for th~ appointment of a Receiver, tuch Court •hell forthwith ~ppoint /1 r~ceivar of eai~ mor!gaged property ail and singuler, intlud~ng ali and singula~ the income, profitf, iuu~~ srtd rev~nve~ from whatev~r wurce derivtd, each ~nd ~very of which, it being expressly understood, is hereby morrgaged as if specifitally set forth ~nd de~cribed in fhi q~~~ti~p and habendum clauses her~of, and such Receivar shell have ali the b~oad ar.d effecrive funct~nns and powera in enywise entru~ted by ~ Court ty ~ R~ceiv~r, ~nd •uch appointment ~hall be msde by tvch Court as an admitted equity and a matter of absolute right to ssid MORTGAGEE, •nd without nfer~nta to the ~dpuacy ot inadequacy of the v~lue of the praperty mortgaged or to the so~vency or insolvency of ~aid MORiGAGOR or the defendanri, snd th~t futh rants, profitt, intome, io~ues end revenuei shall be applied by such Receiver atcording to the lian or equity of t~id MdRTGAGEE and ths prattiu of such Goutt. 8. To duly, promptly snd fully perform, discharge, execute, effect, complete, comply with and abide by each end evsty ths ~tlpulatiom, ayr~ment~, conditioni snd covenants in uid promlaaory note and thia mortgage set forth. ' 9. That In tho event the ownership of the mortgaged premises, or any part thereof, becomes vested in • perwn other then the MORTGAGOR, th• MbRTGAGEE, itt wccssson end essigns, may, without notice to the MORTGAOR, deal with s~ch wccessor or wccKSOr in interett with r~fere~ce tc thi• mart9a9e and the debt hereby sesured in the same manner as with hlortgagor without in eny way vitiating or discharqing the Mort9agor~' liability hart under or upon fhe debt hereby secured. No sale of the premises hereby mo~tgaged and no forbenrente on the part of the MORTGAGEE ot it~ 4uctessor~ or au~gns and no extenaio~ of the time for the paymert of the debt hereby secu~ed given by the MORTGAGEE or its succesaors or auiqn~, sh~ll operete Io release, disch~rpe, modify change or effect the original liab~lity of the MORTGAGOR herein, either in whole or in part. 1~J. It is ipetifitslly aqreed thet !ime is of the essence of thi: tontratt end that no waiver of any obligation hersunder or of th~ obliqation s~- cvred Mreby sh~ll at any time thereafter be held to be a waiver of the terms hereof o~ of the instrument secured h~rby. 11. In add~tion to thr forego'ng monthly paymsnts of pcinc'pal anc interesr required by the prom(ssory note secured hereby, mortpagor tov~nenit end agreea to pay to mortgegee v.ith eac!~ monthly payrnent an add~rional s~m es!imated by morigagee to be equel to 1/12 of the annua? cost of the follow- ing: A-All real property tazes levied or assessed against the abo•~e destribed real estate. B-Premiums on fire and windstorm insurarce as herein requ~red to be carried on the imNrovementt situate on the ebove described premites. C-Premiums on s~th mortgage guaranty insurance as rnortgagee shail from t:me tu time deem fit to carry on the ioan tecured hereby. Mortgagee shall from time to timc notify mcrtgagor in writinq of the amo;,nt due and payable hereunder and such tum ~hall tfiereupon be du~ and payable on the due date of the next month!y payment and each successive moroh thereaft~r untii mortgagea shall ~otify martgagor of e change in euch amount. Such sums shall be eppiied by mortgagee toward the payment of reat property taxes, in:~rance prem~ums, and mortgage 9uareniy inaurence premiumt. IN WITNE55 WHEREUF, the said MORTGAGOR has here~~nto set his hand and seal the dey and year first fores~i . ;pned Sealad and d~liver d in th~ presence of: el) e ~ _ 5~~1) (S~s~) (Seap STATE OF FLORIDA S5. couNrir oF St . Luc ie ~ Before me penonally appeared ~+lO~.d ~,~1~Z' - ancl ~ Cr1.Otij.l.Ci9 TaylOl' his wife, 4o me weil known and known to me to be the individuelt destribed in and who exetuted the toregoing instrument, ant3 acknowledgtd before me that they executed the sama for the purposes rhere~n exprowed. And the se~d _ C1Qt~ld~ F~ _`r.BYltlZ~ _ wife of ths iaid Lla~d Tav1Qr ~ , upon a aeperate and privst~ examinatian by me taken separate and epart ftom her said husba~d, atknowlcdged to and befcre ma that ahe exetuted said instrument freely and volurt- tarily snd without any compulsion, constraint, ap~rehem;on~~p fear of or fram her said husband. v~ ,p+ WlTNESS my ha~d and official sent thi~~_~ day of ALl~u3t , q, p, lq~ ~ ~,.~3',;~-~' - J~!~~~~~~Nyo~tary Public in and for the State of Florida at Large IP'.T.~~~AP~~~i7!G~l F~~fl~j ,1t ~.:f-? ~ //CJ /J- • ~t!?'v'rri'tb':~..,, FILED AND RECORD~D ~,A~ Comm.ss~n Exo,res ~,~arcr~ 18, i~~~ Fint Federalr3Zvfn~s~,b ~oan,'ASSxlAt~on ' a 0 0 K ~~n;1c~ Sy Amer~can 5urety Co. of iV. Y. , Of forl Pitite, ' : ~ . frott P' Ct~, Flaijda'. ~_~„'y~~C1'C:~~ ~ ~ . _a ' ~ _ ~5 Sf ° 2 P~~1 2 : 5 5 / 7 r~~ t ~ ~ . ...i I.JIJ`St~~ ~ ti: . + ~ ~ ~ . . . FtQ~E. " f'l1' S ~L.F FZK ' . ' `e ; ~ ~ ( r. - . , , • a - ~ ST. LUCI~ COUNTY, • . FLORIDA ~ ~ . . . . ~ _ ~ R ~ ~ , _ BQOK ~~S ~ ~Q • . . . ~