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Home My WebLink About2048 To pl~c~ u+d continuou~ly kesp on the bu~ldinqs rtow o~ he~cafrer s~tuars on said Isnd and on alt equipment and pe~sonally cova~ed by thi~ mort~ sgs, with ali pem~urtA thcreon pa~d in full, f:re insurance in the usual standard policy (orm, ~n a sum approved by !he MORTGAGEE, and windstam ~nsu~ance in ~M usual standard pol~q fwm, in i sum approved by the MORTGAGEE, in such company or compan;es as ths MORTGAGEE may d~rec~; and all fire ind w~nds~orm ~nsurance pol~des on any of sa~d build~rgs, ~ny interest therein or part thereof, in ~he aggreg~rQ sum afaesaid w In ~xce~s Ihereof, ihall contain the usual standard mo~~9agee clause or such other clause is the Mortgagee may requ~re, makin9 the ioss undar sa~d poll- cies, ~+ch ~nd e~ery, payabls ro said MOQTGAGEE a~ ~tt i~terest may appear, and esch and every svch policy shall be p~omptly ass gned and de~ivercd to any heW by said MORTGAGEE as further scc~rity to ssid mongage debt, and, not less than ~en (10) days in advance of the expiration of each pol~cy, ~o t!~- tiver to taid MORTGAGEE a ~enewal thereof, IoyetF~er with ~ receipt (or the p~emium of sutA renewal; and there s1w11 ba no f~re or windsto~m insurance pl~nd on ~ny of s~id buildings, any interest theran a parl thereof, unless in rhe form'a~d with the loss payabte as afaesaid; and in the event any sum of mon~y b=cumes payable u~der such poliq or policies wid MORiGAGEE shall h~ve the option ro rcceive and appty the ssme a? account o1 the indebted~ ~eu setured hNeby w to permit sa;d MORIGAGORS ~o receive and use it w any parl thereof for otncr pu~poses. ~v~thout th~r¢br waivi~~~ or ~mpair- ing any pu~ty, lien w r'ght under a by virtue of this mo:!g~ge; u+d in the event ta+d MORTGAGORS shall fa any reason fail to keep the said premiui w insured, or fail ro delive~ promptly sny of said polides ot insunnte ro said MOR7GAGEE, or fa~! promptly to psy fully any premium therefw w in any t respect fail to perfo~m, discharge, execufe, ef(ect, complete, comply with snd ab~de by this covenant, o. any parf hereof, said MORiGAGEE may pl~ce antl paY fw such insurance w any p~rt thereof wi~hout walving or •ffectin9 ~~y option, lien. eqvi~y. or right under w by virrue of this Morega9s, and ~he full amovnt of sach and every such paymenf shall be immediafely due ~nd payable and shall bea? interest from ths date thcreof umil paid at the rat~ ol nine per cent~m pe~ annum and ~ogcther with svcA i~ter~at sMll be secu~ed by the lien of this mortgsge. 1. To permit, commit or suffer no waste, impairment w deterioration of said property w any part thereof. S. To pay all and singulsr the.costs, cha~ges and e:penses, ~ncluding a reasonable atraney's fet and cosrs of absrrads o~ title, inturred or paid at sny time by said MORTGAGfE, because a~n the eveot of the failure on tlue part of the said MORTGAGOR to duly, promptly and fully perfwm, d~uharqe. execute, ~fiecf, complcts, comply with and ab:de by each a~d every the sY~pulations, sgreemenq, conditions, and covenants of ssid promissory note and this rortgage ~ny w either, and sa~d costs, charqes and experres, each and every, shsll be immed~ately due and payable; whcthe? or ~ot there be notice dc mand, attempt to collM or auit pending; and the full amount of each and c~cry such payment shall bear inrerest from the date thereof until paid at the ra~e of nine per centum per annu:n; and all said cbsts, charges and expe~ses incurrcd or paid, rogether with such interes?, shal! be secu~ed by t}~e lien of th~~ mwtpsg~. A. That (a) in the event of any breach of this Mwtgage w default on the part of ~he MORTGAGOR, p(b) in the event sny oi sa~d sums of money herei~ referred to be not promptly a~ fully paid within th~~ty (30) days next afte~ ttx same scveraffy become due end payabte, withovt demand o? notite. or (t) in the everp exh and every the stipulations, sgreements, conditio~s snd tove~~nts of sa~d promissory note and th~s mortgage any or e~ther ~re no1 iuly, promptly and fuily pe~formed, d~xharged, executed, effected, completed, complied w~th and ab~ded Sy, then in e~ther or any such event Ihe said ag gregate sum mentioned in said promiuory note the~ remainirg vnpaid, w;th inicrest ntcrued, and atl moneys setured hereby, shall become due and pay- able fortl~with, or therea~ter, at the option of said MORTGAGEE, ss fully and comple~ely as if all of the said suma of money were onginally stipulsted to be pa~d on such day, anything in sa:d prom~sswy note a in this Mortgage to ~he contrary notw~th:•and~rg; and thereuprx~ or thereafter at fhe opuon of sa;d MORTGAGEE, without notice a demand, suit at law or in equity, therefore or tF~eaitcr begvn, may be prosecuted as if all moneys secured hereby had matured pnor to its institution. 7. That in fhe event that at rhe beg;nning of or at any t~rrK pe~ing aoy su~t upon this Mortgage, a to ioreclox it, ar to refo.m it, oi to en?o.ce paymeM of any clalms he?eunder, said MORTGAGEE shall appty to the ~ourt having junsd~aion thereof for the appo~nf•.~ent of a Receive~, such Court shall FortFiwith appoint a receiver of said mortgaged property aIl and singular, includ~ng all and singula? the income, profits, issues and ~evenues from whatever source derived, each and every of wh~ch, it be~ng expressty u~astood, is F._~eby mortgaged as if spec~fically set fwth and described in the gran~ing a~d habendum clavses hereof, and such Receiver shall have atl the broad and effeaive funct~ons and powers in inyrr~se entrusred by ~ Cour~ to a Receiver, a~d s~ch appointment shall be made by such Court as an adrnitted equity aod a n-atter of absotute r~ght to said MORTGAGEf, and wirhout ~elerertce to the adequscy a inadequacy of the value of the property mwtgaged or to the so~ve~+cy o? ~nsolvency of sa~d MORTGAGOR or the defendants, and that such rems, profin, income, iasues and revenues shall be applrcd by such Receiver accordmq to the lien or equity oi said MORTGAGEE and the practice of such CouA. , 8. To duly, p?ompfly ~nd fuUy per(orm, discharge, execute, effcct, mmplete, comply wi~h and abide by each and every the stipulations, agreements, conditions and covenants in aa~d promisswy note and this mortgage set iwth. 9. That in the event the ownership of the mOrtgaged premises, or any part iherepf, becemes vested in a person other than the MORTGAGOR, the MORTGAGEE, its avccessorf and ass;gns, may, wefhout norite to the MORTGAOR, deal with such successw or s~tceasor in interest with reierence iu thi~ mortgsge ~nd the debt hereby securcd in the same manner as with Mortgago. without in any way vitiating o? diuharging the Mortgagori liability here- unde? or upon the debt hereby secured_ No sale of fhe premisrs hereby mortgaged and no forbcarance on the part of the MORTGAGFE or its successors or assigns ard no extension of the time fw the payment of the debt hereby sccured given by the MORTGAGEE or ifs successws a auigns, shall operate to release, distharge, modily change or affett the original liabil~ty of the MORiGAGOR herein, either in whole or in part, 10. It is spec~fically sgreed that time is of the esunce of tFGs contract and that no waiver of any obfigarion hereunder or of the obtigation sr c~red hereby shall at ~ny tirrK thoreafter be held to be • waiver of the terms hereo( o~ of the instrument secured herby. 11. In addition to the fwego:ng mo~thly paymems ol princ'p~l and interest required by the prom~swry note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each momhly payment an add~iional sum est~mated by mortgagee to be equal to 1/12 of the annual cost of the iofiow- ing: A-All real property taxes levied or assessed agai~st the above described real estatc. B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvements situate on the above described, premises_ C-Premiums on such mortgage guaranty insurar~ce as mo~tgagee shall from time to time deem fit to car~y on the loan sec~?ed•,hece4Y• ~ ARatgagee shall from time to t~me notily mortqagor in writ;ng of the amount due and payable Fxreunder and such sum :AdN' jhece~pon be due 3nd payable o~ the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall not~fy, mer~geyo~ D~' a thange. in suth amount. Such sums shall be applied by mwtgagee toward the paymem of real property taxes, insurance prem:ums, a~~d moitgage guiranry inwrance p+emiums. _ _ IN WITNESS WHEREOf, the ssid MORTGAGOR has hereunto xt his hand and seal the day and esr rcst afaesaitl. - ' " ' Sgned. ed a ive~ed in the p?esence of: 0 S'j' c~ C 0~~~ i _ ~ ~ ~ n 1 , Pr~s c~e~ cs~.n " . cs~.q al) STATE OF FIORIDA COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this- l'~ day of April A.D. 19~2~, before me personally appeared _ Kelly $811 ~p~t~~ President ~ x~ecfr~ ' . ~ . ~ , of KF.I.i.Y .ONSTRII(`TTnN nn~urv e ~rv ~ ~ ~ ~ , a Fl oY. j d g ~rporation, to me known to be the persons described in and who executed ihe foregoing instrument, and severally ac~CnoMlledged the exe ~ cution thereof to be their free ad and deed as such officers for the uses and purposes therein mentioned; and that they - ~ • affixed thereto the official seal of said corporation, and the said instrument is the act and deed of `said corporatiori. WITNESS my fiand and official seal at Fort Pierce , said county and state. ~ . - , ~ F~ ~ E ~ A PJ G P, E C 0 R rY Public, in an or State and County aforesaid. T ~s " ~ ~~a~n ~~pmmission Expires: I[~~-.- r:o~ary ?ub,~c, ~tat~ of Forid~ st (~~e - t~Ey Co~r.m`ss on Exp;ns A~g_ 6, 1967 r; ~ A ~s itondQd 8 Amer~can SureEy Cp. p( N, Y~ - I' ' ~~i~''1 1`~~ ~ ~'-7.~. Y c . . ~ " ROG:=~ ~ :_)t) . _ = : ~ ~~~~,~'Y ~ r~ C~ErcF(. ~r~ jTV . . L . . t_ . ~ . 8ao~ ~ ~2 ~ ~ ~ . . - ~ . . _ _ . _