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Home My WebLink About0989 To pl~ •nd tontirnwvaly ke~p on the buitd~ngs now w Mreaft~r situat+ on aaid land and on all eguipmeM ~nd pehonally tovNtd by this rtuo~?g- p~, witl~ ~II pr~miurru M+~reon ptid in full, firo inivr~nca in the uwal •tandard poticy form, in ~ sum epprowd by tht MORiGAGEE, and windatwm kauranc~ ih tM uswl ~trr+dard pol~cy fam, in a sum approved by the MORTGAGEE, in wch company ar compani~ a~ th~ MORTGAGEE may dir~ct; ~nd sl) fir~ artd windstorm insvrenc~ po~~cie~ on eny of ~aid build~nqs, ~ny inf~rlst therein o~ p+rf thereof, in the +ygreyata sum a4ores+~d u? ~ exteN 1Mhof, tMll co~f~in the uival ~landard mo~tgagee clau~e or such otha tlause th~ Mortyagaa may raquir~, making ths tou undet ta~d pa~~ ths, ~ath ~nd ~wry, payabl~ to uid MORTGAGEE as its interett may appear, and evch snd every svch policy shall ba promptly as~.yned •~d detivor~d ro , any Mld by said MORTGAGEE furtMr stcurity to said mortga9e debt, and, not leu than ten (10) days in adva~cs of the expiration of eech policy, to d~- (ivN M s+id MORTGAGEE • r~++ewal the~~of, topethsr with a rateipt fw the pramium of such rcnewsl; end thare ~hall be no fire or windntorm insurance pl~d oe~ any o# i~id b~ildinqs, a~y interest tfierai~ or part there~f, unfess in the form bnd with the loss payabls as aforeseid; snd in the event any •um of rraMy bKOm~s pay~bl~ und~r such polity o? po~~cies sa~d MORTGAGEE ahall have the option to rete~ve and apply the ume on actount of the indebfed- n~a Ncur~d h~r~by or ?o parmit aaid MORTGAGORS to reteive ancl use it w sny part thereof for other purposes, ~v~thout thB1ED~ waiving or ~mpair- inp any p~ity, liee? or right under or by virtue of thit morfyaqe; •nd in ihe tvent ~aid MORTGAGORS ahall for any reason fail to keep the sa+d premises so tnwred, w f~il fo deliv~r promptly ~ny of uid pol~cias of insurance to taid MC7RTGAGEE, or fail promptly ta pay fuily a~y prem;um thercfor or in any hsp~tt fail lo p~rfpm, discharfle, ~x~cute, ~ffett, complete, tomply with ard abide by this covena~t, w any part hereof, said MORTGAGEE may place and pay fw such inwranc~ or ~ny pirt tMroof without waivinp or affattinq any option, litn, aquity, or right under o: by virtue oi thia Murtqaqe, +nd the full amount of ta~h and ~wry wch payment shall be immediately d~s and psyab~e and ~hall bear interest from tM data thereof until paid at the rate ot nirw ptr ce~tum par ~nnum and together with fuch intere~t thall be secured by the lien of this mortqege. 1. To permit, tommit or suffsr no wsstr, impairment a deterioration of said p~operty or any part thereof. 5. To pay alf snd ~inpulsr the cosb, tharge~ ~nd expenses, including a reasonsble attorney's fee and costs of abstractt of title, inturcsd or paid at any time by aaid MORTGAGEE, betau~e o~ in rhe avent of the iailure on the part of the seid MORTGAGOR to duly, pro~nptly and fully perform, d~scharye, ~xec~te, eftect, complete, comply with and ab~de by each and every the atipulations, agreements, conditions, and covenants of said promissory note and thit mortq~q~ •ny or eithsr, a~d said costs, tharget and expenses, each and every, ~hail be immrdiately due and payabla; whether or ~ot there be notice d~ mand, attempt io toIIM or ~uit pendiny; and the full amount of each and e~ery such payment shail bear intereit from the date thereof until paid et the rate of nine per cantum per annum; and all aaid tosts, chargea end expenses ir.turr~ ar paid, together with s~ch inter~st, shall bs secured by the I~sn of thii mo?tDap~• 6. ?hat (a} in the event of any breach of thi~ Mortgag~ or deiault on the pert of the MORTGAGOR, or (b) in the event a~y of said sums of money her~in referred to be not promptly end fully paid within thirty (30) days next after the same severally become due end payable, without demend or notice, pr (t) in the event each end evary the stipulations, agracments, condirions and covenants of sa;d prom~siory note and thla mortgage any or either are not ~uly, promptly and fully performed, discharged, ezecuted, effected, completed, compl~ed w~th and ab~ded yy, then in either or any such s~ent the said aq• prpete sum mentioned in said promissory note then remaining unpa+d, with interest accrued, and all moneys secured hereby, ihall bacome due and pay- abl~ forthwith, or thareaher, at the option of said MORTGAGEE, as fully and completely as if al{ of the said sumt of money were originally at~pulated fO bf paid on Suth day, anything in said promissory note or in thia Mortgage to the conrrary notwithstandinq; a~d thereupon or thereaftcr at the option of taid MORTGAGEE, without notice or demand, suit at law or in equily, therefore or thereafter begun, may be prosecutrd ai if all moneys setured hereby had matured priw to it~ institution. 7. That in ihs event that at the beginning of or at any time pending any suit upon thi~ Mortgege, or to fo~ec~ose it, or to reform it, or to enforce , paymenf of any tleims hareunder, said MORTGAGEE shall apply to the Coun having jurisdiciion thereof fcr the appointment o4 a Rxceiver, xuch Court shall forthwith sppoint a receiver of sai~ morigaged property all and singuler, includ~~g all and singular tne income, profits, issues and revenues from whatever wurte derived, eath snd every o which, it being expressly ur.dersrood, is hereby mortgaged as if tpec~fically set forth and described in the 9ranting and habendum clauses hereof, and such Receiver sheft have all tfie broad and effective funct~ons and powers in anywise entrusted by a Court tQ a Receiver, and such appaintment ahall be made by •uth Court as an admitted equity and a maner of absolute right to said MORTGAGEE, and wirhout reference to the edequaty a inadequacy of the vslue of the property mortgaged or to the aoivency or insolvency of said MORT,~^iAGOR or the defendants, and that suth renh, profib, income, issues and revenues shall be applied by such Reteiver accordi~zg to the lien or equity of said MORTGAG~E and the practice of iuch Goun. 8. To duly, promptiy and fully perform, discharge, execute, effe:t, complete, comply with and abide by each and every the stipu~ations, agreementt, tonditions snd tovenants +n said promitsory note and this mortgage set forth. 4. That in the event the ownership of the mortgaged prem~szs, or any part thereo4, betomes vesfed in a person other tfian the MORTGAGOR, the MORTGAGEE, itt •uctessors and essigns, may, without notice to the MORTGAOR, deal with s~ch successor or wccessor in interest with reference to thi~ morty~ye and the debt hereby secured 3r. the same manner as with Mortgagor without in any way vitiating or d~scharging the Mortgagors' liability hera under ot upon the debt hereby secured. No s~le of the premises hereby mortgaged end no forbearance on Ihe part of the !~AORTGAGEE Or it~ successora or as~igns end no extension af ihe time for the payment of the debt hereby secured given by the MORTGAGEE or its successors ot assigns, shall operate fo rslease, discharge, modify thange or affect the original liab~i~ry af the MORTGAGOR herein, elther in whole or in part. 10. It is specifically egreed that time is of the essence of this contract and that no weirer of any obligation hereunder or of the obligetion ae- cured hereby shsll at eny time thereafter be hefd to be a waiver of the ttrms hereof or of the instr~ment aecured herby. i l. In add~tion to ihe forego;ng monthly payments of princ pal and interest required by ihe promissory no!e secured hereby, mortgagor tovenanta and agraes to pay to mor!gagee with each monthly payrnent an add~rio7al sum est~~nated by morrgagee to be equal to 1; 12 of the annual cost of the follow~ inq: A-All real property taxes levied or assessed against the aEove descrihed reaf esrate. B-Premiums on fire and windstorm insurar.ce as herein requ~red to be carried cn the improvements situate on thc abovc dascribed premiscs. C-Premiuma on such mortgage guaranty insurar,ce as mortgagee shall from t~me to ti~ne deem fit to carry on ihe foan se:ured hereby. Mortgagee shall from t~me to time notify mortgagor in writing of the amount due and p~yable hereundar and such s~m shall thereupon be due and payable on the due date of ihe next morthiy ~nayment and each successive month fhereaft=r ur,tii mortgagee shafl notify mortgagor of a cFange in such emount. 5uch sums shalf be applied by mortgagee toward the payment of real propeny taxes, insurance prem;ums, and martgage guaranty insurence premiumi. IN WITNESS WHEREOf, the said MORTGAGOR has hereunto set his har,d and seal the day and year first afore id. ~~,,,Sia ad, aled an eliver in th presence of: - (Seal) (Seal) (5eal) (Seal) STATE OF fLORIpA 55. couNrY oF S t. Luc i e i Before me penonally appeared - G B Walt~ s _ and Al l~J. @ C 8 wfll ti 8 2' 9 his wife, to me well known and known to me to be the individual~ described in and who exetuted the foregoing instrumeni, artd ecknowledged before me that they executed fhe same for ihe purposes therein expreasrd. And the said Al l i e e e W 81 ti 8I' S wife of the aaid G' . B. W 8..~- t 8 r 9 upon a separate and private examinatio~ by me taken ~eparate end apart frem her said huaband, acknowlcdged to and before mc that she exetuted said instrument freely and volun- tarily ~nd without eny comp~lsio~, constraint, apprehensior~r fear of or from her said husband. WiTNE55 my hand and afficial seal thi~_ 9'~ day of . A• }9~ ~ c~.~_-~/ ~ ~ - Notary Public in and for the State of Florida nt Large . My Commission expires: -.~~,1~1vrn To: r'~ NOtAry PUhNC, Stata of Ftonda at L~sr~ Ffni F~d~'~bavi • R Loen Atsociation MY _:on~~n„pn ~R;tE,,S PjOV. 3, 1965 "Q Bor~~ed by A:ne~can Sy~sty.;Co, of N. Y, Ot~foit Pi~r,te. ~CQ 0~~ '~t , Fomr P~a~.. r~o.w. a ~5~"-'A (S 0 K r,~ n~.;~;v,~ . . , , . 9 ~~r,~ " , ~ 1~. . - ~ ' ' ~~r. ~j. ~ l • - ~ ~q 10 • 53`.~; - , . tl ~ ~ '65 ~~j ~ ~ - ~ _ , z> p~' . ' . : ` ~LERK . .t y,~ ; _ RQ~t:~ Nu;~ ~C~v~y~Y. . " . ~ Sj' ~ F~~R~~A ° R 12$ 390 ~ 640K C' _ ~ ~ . ~,d/-?r~