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Home My WebLink About2225 ~ 3. To p!a» ~nd conrinvoutly kHp on the buildinps now w Mr~ahar sitw» on said I~nd u~d on +il equipmar~t ~nd p~nonally cowr~d by thi~ rnortp~ ~ p~, wit!? •U pr~miu+m th~~wn p~~d in fult, fi~~ insur~nct in tM uswl suadsrd po~icy fam, in a sum approved by the MORTIiAGEE, and winditorm lnwra~te in tM uswl na~dard pality fwm, i~ a wm approvcd by 71w N~ORTGAGEE, in such tomp+ny or tomp~~i~s a~ tM MORTGAGEE may ~ dincft a~d ill fin ~nd wind~rorm imur~~ polities on any of s~id bvildisqf, any inttntst tF~~in or part tF»reaf, in tM apqreq~t~e wm ~fa~said w M aeau tMnof, fiull contain tM usual stendud mortgage~ clause w such c+~hsr cliu~s tM Mortg~g~e may nquin, makinq the le»s undar uid po1F CiM, ~ach and ~vtry, payable to s~id MORTGAGEE as its inttrest may appNr, snd Nth ~nd e~ery tuch policy thali be prav+ptly au:yned and delivere~ ro . M~y hsld by said MORTGAGEE as further seturity to uid mortgaga d~bt, and, no~ !us than t~n (10) dayt in edvance of the •xpir~tion of each Ewlicy, to dr ~ivM fo t~id MORTGAGEE a r~nswal tM~wof, top~thH with ~ reteipt fw the premium of ?uth r+newal; and th~re shall ba no fire or windstorm intu~~nc~ plwd an any of s~id buifdinps, ~ny interesf therein w part ther~of, unleis in the form and with tM Ica payable ao afonsaid; end in 1he av~nt ~ny ~um - of mon~y b~eorrns p~yabl~ uedsr wch policy w ~+oGcie~ teid MORTGAGEE sha~l hav~ tha option to receive end sp~ty the ume on account of the i~debted- ~ np~ a~cured I+~r~by w to pKmit ssid MORTGAGORS ro receive and us~ it a any part thereoF for other purposn, wirhout tha~eb~ waiving or ~mpair I~p ~ny ~qvity, lirn or riyht u~+ds? or by virtu~ of this mortyaqe; and in t!ro •vent uid MORTGAGdRS tfiall for a~y reason fail to keep the ~aid p?emisoi ~o ~ frqured, ex fail b deliver pramptly ~ny of said policies of insuranct ro said MORTGAGEE, a fsil pramptly to pay fully •ny premium therefor or in any ~ ntp~ct fail to p~rfwrq, discha~ye, tx~cute, ~ffect, compl~te, comply wi~h end ~bid~ by this covenant, or any part hereof, said MORTGAGEE may place and ° pay fa such inw•ancr w any p~tt th~raof without waiving or ~ffetting a~y opt~on, li~n, ~quity, or riyM undtr w by virtw of this Mortyaqs, •nd the ~ fuli ~mounf of ~ath ~nd ~wry auth payrnent shall be immediately dw and payabl~ ~nd ~hall be~r interest from ths date thereof until paid ~t the rata ol nir~ psr caMum p~r ~nrtum and toyether with Yuth intere+tt shall be secured by tMt lien of thi~ martQaye. ~ 4. To psrmit, oommit or suff~r no wait~, impairrtwnt or detsriorat~on of ssid propeny a any part tt~ereof. ~ 5. To pay •11 end sirpul~r tFN cwta, charqes and expentes, includi~y a reeson~ble attorney's fea and costti of ab~trocts of title, inturred or peid at ~ •ny time by wid AAORTGACrEE, bacause w in the evsnt of the failurs on the pa?t of the said MORTGAGOR to duly, promptly and fuliy perform, d~scharqe. ~x~cvt~, ~ffect, complet~, comply with and •b~de by ea<h and every the atipulations, igreementi, conditions, and covenants of ~aid promis:ory note and rhis mortype any w eitMr, and said costs, ch~rges and expenset, each +nd every, ~hall b~ immediately due end paysbfe; whether or not thera be r~otice da mand, ~ttampt toilact or tuit pending; and the tull amount of each and eve~y such payment shell bear intereal from the date thereof until peid s1 the r~fe of nine pir centum per annum; end all uid costi, charges snd expense~ incurred or paid, fogather with tuth intar~it, thsll bt sacured by the lien of thi~ Rqft9pl. 6. 7hat (a) in the event of any breach of this Nlortgage or defa~lt on the part of the MORiGAGOR, or (b) in the event any of said tum~ of money hK~ln r~jorred to ba rtot promptly and fully paid within thirty (30) deys next after the same aeve.ally become due and payable, without demsnd or notite, a(c) fn the event each and eve~y the stipulations, egreements, conditions and tovenents of sa;d promissory nete and th~s mortgage any w either sre not luly, promptly snd fully performed, discharged, executed, sffetted, completed, complied with and abided by, then in either or any s~ch evbnt the ~aid p~ pr~q~~~ sum nxnlaiud in aaid promissory note then remaininy unpaid, with interest accrued, and atl moneys secured hereby, ~hall become due and pay ~bi~ f~otthwith, w thereafter, at the option of said MORTGAGEE, as fully and completely as if all of the said suma of money were oriyin~lly ttipul~ted ro be paid on suth day, anything in said promissory note or in thia Mortgage to the contrary notwithstandinfl; and thereuoon or thereaiter at the option of said MOR7GAGEE, without notice or demand, suit at law or in equity, therefore or thereaftsr begun, may be prosecutec as if all moneys aetured 'nereby had mafur~d prior to itt institution. 7. That in the event that at the beginning of or at any time pend~ng any suit upon tF~ie Mortgage, or to foraclose it, or to reform it, or to ersforc~ peyment Of sny tlaimf hereur+der, said MdRTGAGEE shail appty to the Court heving ju~isdiction thereof for iha eppointment af a Reteiver, •vch Couri shall Forihwith ~ppoint a receiver of sai~ mortgaged properly all and sinyular, includ~ng alI and tinguiar the intome, p~ofits, iatues and revenues frpm whatever • wurte derived, eacn and every o which, it being expressly understood, is hereby morrgaged as if spec~fically set forth and deuribed in the granting and habendum clause~ hereof, and such Receiver shall have all the broad and effective func~~ons and powers in anywiae entrusted by a Courf tp a Reteiver, and such sppaintment shall be made by euch Gourt as en admitred eqvity and a mettrr of absolute r~ght ta said MORTGAGEE, a^d wirhout referoncs to tha ~dequacy or inadequaty of the value of the p~operty mortgaged or to thx solventy or insolvency of said MORTGAGOR or the defendants, and that tuch ~ rsnts, profiri, income, iss~es and revenues shall be applied by such Receive~ accordiny to the lien or equity of •aid MORTGAGEE and the practits of such Court. 8. Yo duly, promptly r.x! fully parform, distharge, execute, effect, complete, comply with and abido by tech and every the stipufations, agreement~, conditions and covenanls in said promissoty note and this mortgage set forth. 9. Th~t in the event the ownership of the mortgaged prem~ses, or any part thereof, bec~mes vested in a perwn other tha~ the MORTGAGOft, the MORTGAGEE, Its fucceuors snd asaigns, may, without notice to the MORTGAOR, deal with such succeuor or wcteswr in intere~t with refer~nce to thi• mqrt~a90 and 1M debt her~by secured in th~ sartx manner as with Mortgagor without in eny way vitiating ar discharging the Mortqagors' liability her~- under or upa~ the dtbt hereby secu~.d. No tale of the premises hereby mortgaged end no for+~esrence on the pert of the MORTGAGEE or its auccessors or assigns +~d no extension of the time for the payment of tne debt hereby secured given by the MORTGAGEE or its suctessors or assigns, shall operate to release, discharge, modify change or afiett the original liability of the MORTGAGOR herein, either in whole or in part. 10. It ia speufically agreed that time ia of the essence of this contract and that no waiver of eny obligation hereunder or of the obligation to- cured hereby shsll at any time thereafter be held to be a waiver of the terms hereof or of the instrume~t secured herby. 11. In add~tion to the forego'ng monthly payments of princ'pal and interest required by 'he prom~ssory note secured hereb~, mortgagor tovenant~ - and agrees to pay to morfgagee with each monthfy payment an add~rional sum es!imated by morlgagee to be equal to 1/ 12 of the annual cost of thP fol(ow- t 3 in9: A-RII ~ea! property taxes levied or assessed against the aoove described real estate. ~ S B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried on the improvement: situate on the ebove described premises. ~ C-Premiums on such mortgage guaranty insurance as mortgayee sha(I from rlme to time deem fit b carry on ihe ioan tecured hereby. Mortgagee shall from time to time notify mortgagor in writing of the amount due and payable hereundzr and s~ch sum shall thereupon be due ind ~ payable on The due date of the next monthly payment and each successive month therea~ter until morigagee shall notify mortgagor of a change in such { smount. Such surns shall be applied by mortgegee toward the payment of real property taxes, inturance prem;uma, a~id mortg e guaranty insurance ~ premium~. ~ IN VdITNESS WHER'cOf, the said MORTGAGOR has hereunto se is rd and seal the day e yea ir af esai ~ yned, aled and delivered in the presence af: r ti' ' (Seel) (Se~ I) ~ (5eel) ~ (Ssal) S7ATE OF FLORIDA SS. couNnr oF St . Lttcie ~ e~ro~e me personally appeared David Rieks and L~ura Rieks, his wife ~ _ e~~ F~ Rick~ and Birdie Mae Riek~~ his wife ~ to me well known and krown ,o ma ~o ~ ~ the individueli destribcd in and who exetuied the foregoing instrument, snd etknowledged btforo me that they executed the same for ihe purposes f rne.~~n .x~.~a. A~a r~ said Laura Ricks, ~ife of the said David R~c~~~__~~ ~ 7~iGX~1e..~{~x~~iiX Birdie Mete Ri~ks,,._~tiPe Of the 88~1d Fx~elrik KiCk9 ~po~ e seperate and private axemination by me taken separate end apart from her said huaband, acknowiedged to and before me that she executed said instrument freely and volun- ~ t~rily ~nd without sny compulsion, constroint, apprehension, or fear of or from her said huiband. WITNESS my hand and officiel seal this ~ day cf ~An~Am A. D. 19~__ r ~ - ~ Natary Pu c in and for tho St te of Floride at Lerge ~ My Comm~uion axpire~ts /j .y Ren,fo,lo: r/ / ~o / F;~., F~.?~.K~9~~ ~i;~'i~stociation , FI ~-E D ti N D R E C 0 R D E D ~vo4~ry PuSr:~, St~ts ol P1ori~e at ~ga ti e~•' O~~ ~~'srit. ~ My Comm:ss on Expires A~g. 6, 1967 ` ~ ~~~~y'~ ~ ~ F( 8ondod By American Surety Co. of N. Y. ' ..~e.t,. ~_,......-~:?'~--.vs}. . ~ ^ '~5 SFP . ~ r - 13 PM Z• 3I ..`y'. _ - < n~-+~~~z ~ , ~ _ "~i --~-~.~:~t ~ G._ ~ r~'':.~~ ROGER r•uiTi3H^ ^ . _ , 5T. LUCIE CO ~LERK . ~ . , - FLORIDA NTY, _ ~ , BOQK ~~U `3~~ f::...~. , - ~ , . - - - - ~ 'jP~ _ _ _ _ . _