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Home My WebLink About1491 3. To pl~ce •nd continuously keep on the build~ngs now or heraafter ailuate on sa~d Isnd end on sll equipmeM •nd psnonrlly tov~r~d by this mwtq~ p~, with ill prsmiumi tht~~o~ paid in full, fire insurance in the usual standerd ~w:icy form, in ~ sum appr~ved by the MORTGAGEE, Md windttorm ~rnur~nc~ in tFro u~uai standard policy form, in ~ sum app~oved by the MORTGAGEE, in tuch <ompany or tompanies ~s tM MQRTGAGEE may dir~tt, ~nd alt firr ~nd windstorm insuronte policies on •ny of ~aid build~~gs, •ny inte•eat therein or part thereof, in tha sgg~eqate sum ~fa~taid w In ~xceu lhereof, shall contain the usual standard mortgager clause or svch other tleuse ss !he Mortg~gea may req~ir~, makinq the loss under sa~d pol4 c'ws, e~ch •nd wery, p~yable to said MORIGAGEE aa ~ts intere~t may eppear, and each and e~ery such poiicy shall be promptly ess gned and delivsred to any h~ld by isid MORTGAGEE as further ~ec~rity to aaid mortgage debt, and, not less than ten (10) days in advance oF the azpiration of each ool+cy, to dr (iv~r fo ?aid MORTGAGEE a rt~ewal thereof, togethe~ with a receipt for the premium of such renewal; and there shall ba no fire or winds~onn inauronce plsced on any af iaid buildinys, any intarett therein or parl thereof, unleas in the form and wiih the ioss payab~e as afore~sid; and in tF~e event any •um of monsy become~ payable undar such policy or pol~cies iaid MORTGAGEE shall heve rhe opt~on to ~ecelve and apply the san+e on account of the indebted- nesf secured heroby or to permit said MORTGAG4R5 to receive end uae ii or any part thereof for orner purposes, w~thout therec~ waiving or ~mpair- irp ~ny puity, lien or right under or by vinue of this mo:tgage; and in fhe event snid MOR7GAGORS shall for any reason feil to k~ap the seid premiae~ so imvred, or feil to deliver promptly any of said po~iciet of ineuroncr tp ssid MORTGAGtE, or fall promptly to pay fully any prtmium therefor or in ~ny r~sprct fail to psrfam, discharge, lXfLU1Q~ effect, complete, comply with and abide by thii tovenant, o~ any part herrof, said MORTGAGEE may place and p~y fo~ ~uch iniurance or a~y p~rt thereof without waiving or effeciing any option, lien, equ~ty, or right ~nder or by virtue of this Mortqaqe, and the full ~mount of ~atli end ev~ry tuch payment shall be immediately dua and payable and shall bear interest from !h~ date the~cof until paid at the rate ot nine p~r ce~wm per annum and together with :uch inrerest shali br sacured 6y the lien of this mortgage. 4. To p~rmit, commit w suffar no waate, impairment or deterioration of said property or any part thercof. 5. To pay all ~nd singulsr the costa, charges and expenses, including a reasonable atterney's fee and costs of abstracts of !it~e, incurred or ps+d et any time by iaid MORTGAGEE, because or in ;he event of the failure on the part of the said MORTGAGOR to duly, promptly and fuliy perform, d~stharge. ~xecuts, effect, complete, comply with and ab;de by each and every the stipuletions, egreements, conditlons, and covenants of aaid promissory note and thi• mortqaye eny or either, and said costs, charges and expenses, each and every, shell be immediarely due and payeble; whether or not there 6e notice dc mind, +ttempt to collect ~r iuit pendina; and the f~ll amoum of each and e~ery wch paymem shall bear intaresl frc,m the date thereof until paid at the rate of nine per cent~m per annum; and all said costs, charges and expenses irxurrod or paid, together w~th such interett, ~ha11 be seturod by the lien of thi~ (1Wft~~f. 6. ThN (a) i~ the event of any brea~h of this Mortgage or default on the part of the MORTGAGOR, or (b) in the event any of aeid fums of money hsrsln referred to be not promptly and fully paid within thirty (30) days next after the sam,e se~eia!ly become due snd payable, without demand or notice, or (c) in the avent each and every the stipulations, agreements, cond~tior.s and covenan!s of ea;d prom~ssory nate and th~s mortgage any or either are not ~uly, promptly and fully performed, discharged, executed, effected, completed, complied v+ith and abided by, then in either or sny suth event the said ~ prayate sum mentioned in said promissory note the~ rernainirg unpaid, with imerest accrued, and atl moneys secured hereby, ~hall become due end pay able forthwith, or thereafter, at !he option of said MORTGAC,EE, as fuily a~d completely as if all of the said sums of money were original(y st~pufated fo b~ paid on such day, anything in said promissory note or in this Mortgage to the contrary notwi~hstendiny; ar.d thereupon or thereafter at the option of seid MORTGAGEE, without notice or demand, suit at law or in equity, therefore or thereafter begun, may be prosecuted as ii all moneys secured hereby had matured pnor ro ita institution. 7. That in the evcnt that at the beginning of or at any time pending any suit upon this Mortgage, or to ioretlose it, or to reform it, or to enforcr payment of eny claima hereunclar, aaid MORTGAGEE shall apply fo the Court having jurisd~ct~on thereof far the eppointmem of a Receiver, such Gaurt shall forthwith appoint s receive~ of sai~ mat~aged property all and sing~lar, includ~ng all and singular the incofne, profits, issue~ and revenues from whatevet wurce derived, each and every o which, it being expressly understood, is hereby mortgeged as ~f specifically set forrh and described in ihe qranting and habendum cfeuses hereof, and suth Receiver shall have ail the broad and effective funcnons and powers in anywise entrueted by e Court iq a Receiver, end such appointment shall be madt by such Court as an admitted equity and a metter of absolute right to said MORTGAGEE, end without referrnte to the adeq~acy or inadeq~acy of the value of the property mortgaged or te the so;vency or insolvency of said MORTGAGUR or the deFendants, and that such renta, profits, intome, issues and revenues shall be applied by such Receiver according to the lien ar equity of said MORIGAGEE and the practice of such Court. e. ro duly, pramptly and fuily perform, discharge, exeeute, effect, complete, cornply with and abide by each snd avery the stipulations, agreemeni~, conditions and cevenants in said promissory note and th;s mortgage set fdrth. 9. That in the event the ownership of the mortgaged premises, or any part thereof, becomes vested in a person other than the MORTGAGOR, the MdRTGAGEF, its succeisors and assgns, may, wirhout no~ice to the MORTGAOR, deal with such successor or wcces~or in interest with referente to thi~ mo~t~~ge and the debt hereby secured in the same manner as with Mortgagor without in any way vitiating or discharging the Mortgagors' liebility herr under or upon the debt hereby secured. No aate of the premises he~eby mortgaged and no forbearance on the part of the MORTGAGEE or its succesaors or essigns and no extension of the time for the payment of the deb~ hereby secured given by the MORTGAGEE or its ~uccessora or assigns, •hell operate to releese, discharge, m~dify change or affect the orig~na~ iiability of the MORTGAGOR herein, either in whole or in part. 10. It Es speclfically agreed thet timc is of ihe essence of this contract and !hat no waiver of any obligation hereunder or of the obliQetion se- tured hereby shall at eny time thereafter be held to be a waie•er of the terma hereof or of the instrument secured herby. 11. In add~tion to rhe forego:ng monthly payments of princ'pal and interest required by ihe prom~ssory no!e secured hereby, mortga and agtaes to pay to mortgagee vvith each monthiy payrnent an adu~rional sum est~n,ated by mor!gagee to be eqval to 1~'12 of the annua~ c t~ ~Y,= ~ ing: • ~ , ~ : A-All reel property taxes levied or assessed agai•~st tt,e above described real estare. •1• B-Premiums on fire and windstorm insuiance as nercln requ~red to be carried on the improvement~ situate cn the ebove destri d'pr i,ls. C-Premiums on such mortgage guaranty insurance as mortgagee shall from. t'me to time deem fit to tarry on the loan secured t~ Mortgagee shail from t~me to t~me notify mortgagor in variring of the amou~t dua and payable hereundar and suct~ sum sh~l t ereu n~e due ard payable on ?he due date of rhe next manthly payment and each wccessive month the:eafter ur,til mo~tgagee sha~l notify mortgagor f~a charxte in such ~mount. S~ch sums sheli be appiied by mortgagee toward the payment of reai property taxes, insurance prem;ums, and mortg~e qcrranfy ; tnsuranca premiums. IN WI7NE~5 WHEREOP, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid. ~ ~$iyned, ted an elivered in the preaence of: D A. D. ~ n - BS' : s.et) ~ ' ~ tse.i) _ Attest: ises?l (Seai) STATE OF FLORIDA COUNTY OF ST. LUCIE 1 HEREBY CERTIFY, That on this day of _ OCtober , A.D. 19 before me personally appeared YQUng D. Diek~on _ and ~~cksot7 respectively Vi.ee president and Secretary ---i`,r:-~-~.~, af`• ~ D Inc. Florida D A. ~ a ~:Cd~~Nsration, to i~t~e, ~ known to be the persons described in and who executed the foregoing instrument, and severally acknciw(edged the ex~: cutien thereof to be their free act-and deed as such officers for the uses and purposes therein me~RtxoT~ad; and that they- _ , affixed thereto the officia! seal•of said.corpt~cntion, and the said irsstrument is the act and de~d 6f "said~'uarp~~tior~. ~t WItNESS my hand end e~fficial seal at Fort Pierce t 1~ said county ,nd state. , 1 , % ' . - ~ , F1L , AND RECOltDED - J , ~ ~ O K Notary Public, i and for State and Counry aforesaid. ' ~ - -fC, My Commizsion Expires: = ~ • ~ ~ Notary Public, State ot Flor~da ~t L~~s '~i'.~, ^ 1 ~~G Wl~i G ~ 1 f'1 ~ • ( G E3Qt1 ~d ~Jyff~lilQ!'IGdCI'SI~!ltyCA6NH Y. ~ ~ - . . • ~ e ~.'~3~.~~ ROG~R P~17RA5. CL~RK ~ gT. l.t~r~~ r~EI~~TY, : i"; r-c;. p R ~n BOOK y i y ~