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Home My WebLink About0565 3. To place and contin~o~sly keep on ~he bui'd~ngs now or hereafter ~lr~a!e cn said !and and on a!i equip~rent end penonally covcred by this mo~~g• age, wi!h all premi~ms thereon pa;d in full, fire ins~~anca in rh~ usual s~andard poi~cy form, in a svm approved by the MORIGAGEE, a~d windstorm insusante in ihe usual standard poLcy form, in a sum approved by the MORTGAGEE, in s~ch company or companiet as the MORTGAGEE may direcl; and all fire and windstorm insw.ance po!~cies on any of said buiid~ngs, any interez~ rherein or par! thereof, in the aggregate ~um sforesaid or in exces~ theraof, shall contain the usual standard morrg,~gee cla~se or such other cla~se es the Mortgagee mey requlre, making the loss under sa~d poli- cies, .>ch end every, peyable ro said MORTGAGEE as Its ~r.teresr may appear, and ea.h ar~d every svch po~ cy shall be prompfly ass gned and delivered fo any held by said MORTGAGEE as f~rther szcurity to said ~r.origaye debt, and, not less than ten (101 days in advance of the exP~~ation of each pol~ty, ta de- liver to said MOR7GAGEE a renewal thereof, together with a rece~pt for the premium of such ren?wa!; and there shall ba no f~re or windstorm ins~rance pleced on any of ssid buildings, any interest there~n or part fhereof, ~n!ess in ihe form and wi!!i ~I~~ !ass payable as a'.cresaid; and in the event any sum of money becomea payable under such poiicy or poGcies sald MORTGAGEE shall have rhe opt:on m recz~ve and app!y the same on account of the indebred• ness secured hereby or to permit sa~d MORiGAGORS ro receive and ~se it or any p,rt thercat to~ otr,rr purpos~s, w~~hout ih_~.u~ ~~a~~~.~~ or ~~npnir- ing any equity, lien or right under or by virtue of this mo"ga9e; and in Ihe event sa;d MORiGAGORS sha!i for any reason fail tc keep the said premiscs so insured, or fail to deliver pron~ptly any of said po~icies of insurance to sa~d MORTGAGEE, or foil prompNy to pay f~lly any pre~n~~m tiierefcr or in any re~ped fail to pe:form, discharge, execute, effect, complete, comply with and abide by th;s covenant, or any par, hereof, said MQRTGAGE@ may place a,~d pay for such inaurante or any part ihereof without waiving or affecting any opt~on, lien, equ~ty, or r~gM ur.der or by virtue of this Mortgaoe, and the fuli amoum of each and every such ~ayment shali be immediately due and payable and shail bear inte~est from tha date thereof untit paid at the rate ~f nlne per centum per annu~n and togrther with such interest shali be secured by ihe lien of this mortgage. 4. To permit, commit or suffar no waste, impainner;t or deterioration of said property or any part the~eof. 5. 7o pay all and sinr~lar the costs, charges and expenses, fnclud~ng a reasona~le etromrY's fee and costs of abst~acts of title, incurred or paid at any time by said MORTGAG~E, be~ause or in the event of the fa;lure on the part of ~he said MORTGAGOR to duly, pro~nptly and fully p~rform, discharge. execute, effect, compiete, comp~y with and ab;de by each and every th< stlpulat~ons, agreements, tonditions, and covenants of said promissory note and thi3 morigage ary or either, and sa:d cos~s, charges and e,cper.ses, each and every, shall be immed~a~rly ciue and payabie; whe+her or not there be r,o~~ce de mand, attempt to <ollect or suit pending; and the fuil arnount of each and every such payment shai~ bear int~resr from the date thereof ~ntil paid at tnt rare of nine per [enturn per a~~~um; and ali sald costs, ci~arges and cx~enses ~ncurred or paid, to~e~her w~~h such i~terest, shall ba secured by the lien of thi~ mort~age. 6. That (al in the event of any breach of this Morrgage or de`ault on the pari of the MORTGAGOR, or (b) in the event any oi aa d aums of money herein referred to be not pron~ptly and fully paid within ih,rty i30i days next a~r•=r the aame sevcra'!y become due and payable, without demar.d Or notice; or (c) in the event each and every tne stipu!aticns, agre=ments, cond~~ions and covenan~s of sa.d piomissory note and th~s mortgage any or either are nof july, promptly and f~~lly performed, d~scharged, execured, effected, compie!ed, compGed with and ab~ded 5y, then in e~ther or any such ever.t the said ag~ greyate sum menrioned in aaid promissory note then remaining unpaid, w~th interrt accrued, and ait monays secured hereby, shall become cive and pay able forthwith, cr the~eafter, at the option of said P.10RTGAG~E: as fuily and completely as it ail of fhe said sums of money were originally siipulated to ue pe[d on such day, anything in sa d promissory note or in this Mortgaye ro th= conrrary no!w~th~tanding; and there~pon or shereafter at the option of ieid MORTGAGEE, witho~t notice or demar.d, s~~t at law or in eqv~ry, therefore o; thereafter begun, may be erosecuted as if all moneys secured hzreby hari marured pnor to ~ts institu!ion. 7. 7hat in the event that at the beginning of or at any tlme perding any suit upo? rhis Mcrtgage, or to foretlose it, or to reform it, e: to enforca payment of any claims he+eunder, said MORTGAGEE shall apply to the Co~n havinq iur~sd:rion th~reof for the appointment of a Receiver, such Gourt shall Forthwith appoint a receiver of sai~l mortgagcd property ail and singular, includ ng a'~i and s~na~ ar f~e income, orof~ts, issues ~nd revenues frnm whatever s~urce derived, each and every of .vh;ch, it be~ng express!y ur.ders!ood, ~s Fereby n,or~gaged os ~f sp~c,f~caliy set forth and described in the g~anting and habendum davses hereof, and wch Receiver shall have all the broad and effee'~ve f~nct,ons and powers in anywise entrusted by a Court to a Receiver, and such appointment shail be made by such Court as an admi;trd equity ar.d a matter ot abso'ute r:gnr to said MORTGAGEE, and without reference to the edequacy o~ inadequacy of the val~e of the propcrty mortgaged or to the so.vency or ~n;oivency o! said MORFGAGOR or !he defendants, and that such rents, profits, income, issues and revenues shali be applied by such Receiver accord~r.g to tne lien or equity of saia MORTGAGEE and the practice of such Court. To duly, promptly and fully perform, discharge, execute, effecr, complete, comply with and abide by each and every ihe stipulations, agreements, conditions and covenar.ts in said promissory note and th~s rnorigage set for,h. 9. That in the event the ownershin of the morrgaged premfses, or any port thcreof, becomes vested in a person other than the MORTGAGOR, the MORTGAGEE, its successors and ass~yns, _y, wrthout r.er,ca to the ;~1GRTGAQR, deai w~th such SVCCBS50.' or wccessor ir interest w~th reference to tnis morigage er.d the d_~bt hereby secured in ihe same mar.ner as v~l~h M~rTgagor w~thout in any v~ay vi4iating or d~scharging the Morigagors' liability here- under or upon the debt hereby secured. No sale of ti,e Fremises h~reby rr.ortgaged a:~d no forbearante on the pan oi the ?.10RTGAGEE or its wccessore o. asslgns and no exrens~on of rhe time for the payment ur the debt h^reF:•y secured g~ven by the MORTGAGEE or irs wccessors or ass~gns, aliall operate to release, d,scharge, mod:fy ~har.ge or affect t^e criginal ;:~b„ity of the !'.",CRIG.4GOR here~n, e:ther in who!e or in part. 10. it is spedficzily agreed that time is of the essence of ~h~s conrracr and that no waiver ef any obligaf~on hereunder or of the obligation se- tured hereby shell at any time thereafier be tie:d to be a w~~.cr of th= terr.~s hereof or of the'instr~ment sewred herby. •r, 1 l. In add.r,o~ to the forego ~~,9 rr~,onthly paymc;jts of ;r! ~c p: i and inreresr rea.u:red Ly the prom sscry no'e secur~d hcreby, mortgagor ,44ve t~nta~ ` and agrees ro pay to n;ortgagee v.~th each monfii'y pa~ ,.e~it an ad:i:r;cnai sum eu ~ ated by mo•tgagee to ~e equal to 1, 12 of thr ann~al cost,q.f ~F~ZoNaw~; irg: ~ ' „ _ r ,r ~ . A-All real property tax~s le:i=d o~ assessca ac, s ai~~~e s~ib~d r-s~ es'~ e. ~ B--Prerium5 on f~re and w r~dsto'~n ~nsvr•r:e n~ _ i~ r:•qu red t., k.e ca .,d on th_ Ie~;.rcv~~men's s:'vate on th~ above descriECC~ ~ert~jfesl 4r, C-Pren-,iums en such mort~;ge gua~anty irs~~a~ ce as n;^~tgsyee shail frar ! r, e to ~r dee^i fit to tarry tln ihe loan secured her~y:-_ { Jj l'. ; 1,1or1 a ee shall rom time to t~rt;e not~f mcrr a, n v,ri;~n, of the o~~t d.;^ and ~yab'e hereundar and suth s~m shall there n,be'dar and," t• . 9 9 s i ~ 7 3 P '-'}~P cayable on th? c~e ~<,te or tne next •renth:~ ~ a~ r t a,~d r. ch s.:.c_ss'.e ~i~z~ u ti', mcrtgayee sha'I m~t~fy mortgagor of b-changC j~ sucl~ r" amount. Such sums shall be apFlied b~ mortgay•.e to.:a .J tne payn,ent of rea'^~prcpe•t~ taxes, ~ns~r~nCe pre~~~,u~ns, a:~d morrgage guarapl~.~u1 rar,cea,' , se.-eU' premiums. • 'P- ` ~ IN WITNE55 `NHEP,EO he said I' R7GAvCR has h:re.^ro ser his h~nd and scal the da/ and year first aforesaid. ~ign d, Seal and ~ered in t e p~es~nce of: _ ~ f{r1.~At~ ht? •-~)'t+-ar•-•Y,i ocnc? Tpr q (Seal) - ~ ~ - ~ ` , LZ t. ~t' ~ ~.G E L { . c ~ ~ r~ i- . - i- - ~ - t9'Y r[-~~'~ i~..~'~-i-~-y,_.~ ~ n ~ t 7 ~ . - ' - , t . ~ ~ / , ~ . ~ STATE OF FI.ORiDA COUNTY OF SAI':VT LUCIE ' r . ° , F.. . . ` f. ~ , I HLREBY CERTIFY. That on thts ----~1a> oj ` ~ , ~1. D. 19 ~ T ~ R,-~,`.rnn ~ r T.P~~i"~,°C~ ~ . r_~ , . . ~ 6ef are me personally appeared - an . respectie~elp Presic~ent anr~ - - Sec-retary L-r-; P!` ~ 'l j1 F~ ~ 1 p ~ ~;-1 h ; , n • ~ r~ i n ^ t T "_.1~ (1 ~ T~ ~ „i ~i ~ corporafion, ~O 1'it@ kr~oum to 6e the per~ons described in nnc~ who executetl the (oregoing instrument> and severally aclznowleclgec{ the exe- - cution thereo/ to bQ thei~ f res act and deed as such oEf icers jor the uses and purpos~s therein mentioned; and that they nffixed thereto the of{icial seal of sa~d corporation, and the said i~rument ia tha act and deed of 8(1Ta corporat~on. ~VIT~'ESS my ~eand c~nd of/icial seal at Fort Pierce '-J E ,~aid rounty and state. , r, , ; ' . ~ . f f~ - .4 . L ~j ~E,, ,C, ~Q~ ~~otary PrtFS ic, in and {or State nrl ountp ajaresaid. ~ ' (''~----~~~i~~_~~LtJW..gO~ Commission Expires: ,~/~itJ - . ~ , ~ - ~ cRFw`~~~cnerr~:[ ~o>>xs ~ : 1L_.~(~ ~ ry , _ . _ : '65 ~'~11 2 6 ~'M 3 : 5 0 . - . ~ ~ ~ ~~~.t)~~;~ - - , . . . RQG~ c f-~,i i ~;A:~. CLE~K . ~ . - . , ST. LUCIE COUNTY. . ~ i~LC~r;1~A ~;1~~. ~ ~ . ~ So~K 55~ ~ _