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Home My WebLink About2078 3. To plac~ and cont~nuouily k~ep on the build~ngs ~ow or here~fter ~~tuat~ o~ sa~d I~nd and on all equipme~t ~nd pNSOnalty cove?ed by thi~ mong- sg~, with all premiur~t~ therew~ pa~d in fvtl, f~re insuronte In the usual standard poticy fwm, ~n a ~unt app~ortd by tM MORTGAGEE, u+d wi~stam ~~suranc~ i~ rhe uswl atandard pot~cy fam, in • sum approved by ~he MORTGAGEE; in such company w compan~ei u ~M MORTGAGEE msy d~rect; ~nd alI iir~ and wi~duorm insurance polK~es on any of said buitd~~s, ~ny i~tcrei~ thsrei~ w part thereol, in the ~ggregate :um aforeia+d or ln ~xceu ~hercof, sMit contain fhe uswl sra~dud ma~gagae clause a sucA other clause ~s tM Matp~gs~ may require, maMirq tM Ioss under ~a~d poli~ cie~, s~ch and every, payable ro said MORTGAGEE ~s its intereit may appeu, and each and every iuch policy shall bs prompely ~~s.yncd snd de~ivercd ro any held by said MORiGAGEE ~s further security to sa~d mortgaga debt, and, ~ot leu tMn ten (10) days in advance of the exp~ration of e+ch policy, to da l~ver to said MORTGAGEE a reaewal thereof, tope~M~ wieh a receipt fw the premium of such renewal; end there shall b~ no fire or winds~am ini~r~nc~ placed on ~ny of ss'~d build~ngs, ae+y iroerest therein w put thereof, unless in th~ forrn'~nd wi~h ~he ~ws payable as aforasa~d; ~nd in rhe event any sum of mon~y becomes payable unde? wch policy or pol~cies said MORTGAGFE shall Mw tM option to receive snd ~pply the aame on accwn~ o~ the indebted- ~ ness secvred hereby w to permit i~id MORTGAGORS to ~eceive and use it a ~ny pa~t the.eof ia ofnc? purposes, w~~hout the~eu~ warving o~ ~mpain infl +ny p~~ty, lien a riyht under w by virtue of this mo:syage; ~nd ia the event said MORTGAGORS shall for sny reason fail to keep the sa~d premises w ;nsu?ed, or (~iI to deliver promptly any of said polKies of insurance to ssid MORTGAGEE, o~ fait promptly to p~y fully any premium therefw w in any respect f~il ro perform. discharge, execute, effact, comp~ete, comply with ~nd ~bide by thii cove~ant, w any part hereof, said MORTGAGEE may plxe a~d pey fw such insura~ a any psrt thereof witl~out watving w affectiny ~ny opt;on, lien, equity, w r~ght unde~ o? by virtw of this Mat9~ye, •nd ~M full amounl of e~ch ~nd ev~ry such payment ihall be immedi~tely due and pay~bls and shall bear interest from tM date thereof un~il paid a1 th~ rat~ ol n~ne per centum per snnum and together with such intcresf shall be secured by the lien of this mortQage. t To permit, cvmmit or ~uffer no wa~?s, impairment a deterioration of said properry w any psh the~eof, S. To p~y all and sinpulsr the•costs, charges a~d expenses, includi~g a rcasonable +~torney i fee and cosrs of abst~acn of title, incurred o~ paid at eny Yune by wid MORTGAGEE, becaus! o~ in the event of the failure on the paN of the said MORTGAGOR to duly, promptty and fv~ty perfam, d~uharge, execWe, effecf, compkte, comply w~th and ab:de by each and every the stipulat~ons, ~grcements, condi~ior?s, and covensnn o~ said promissory note and th~i mortgs9e any O? either. snd u~d cosb. ch~rges and expcrxes, each and every, shall b~ immed'utely due and payable: whether w not the~e be nof~ce de~ msnd, attempt to collect w suit pending; and tM full amounl of each and e~ery wch payment shall bear inreres~ f~om !he date thereof until paid at the rare oi nins per tentum per annum; and all said costs, charges and expenses 7ncwred w paid, Iogethe? w,th suth interest, shall be setured by the lien of this mort9~pt. 0. That in the event of a~y breach of this Mortgage w default on the put of the MORTGAGOR, or (b) in the event any of a~;d s~ms of money herein rsferred to be nol promptly and Eully paid within ~hirty (30) days next after the same severally become due and payable, wi~hout demand w notice, or (c) in the event each and every tl+e stipulations, agrecments, conditions and coven~nta of sa~d promiuory note and th~i mortgsge any or either ~re not iuly, promptly and fuliy performed, d~uha~ged, e,cecuted, etfected, completed, compl;ed with snd ab~ded Sy, then in e~ther w ~ny svch event the sa~d ag gregar~ wm mentaned in taid promissory rate then remaining u~paid, with interest accrued, and atl moneys secured F~ereby, sFwll become due snd pay~ able forthwith, w thereafter, at the ophon oi ss~d MORTGAGEE, as fulty and comptciely as if all of ~he said sums of money we?e aiginally st~putafed to be pa;d on such day, anything in w:d p.om~uo~y ~o~e « in this Mortgsge to the convary notwithstsndi~g; and ~hereupon o~ thereafter N the option of sa~d MORTGAGEE, w~thout notice or dem~nd, suit at law w in equily, thaefore or thereaher begun, may be prosecuted u if ali moneys setvred hereby nad matwed prwr to its institution. 7. That in the event tF+a1 at the beginning of or at any time pcnd~ng aoy suit upon this Mortgsge, or to faeclose it, o~ to refwm it, or to enforce payment of any claims hereunder, said MORTGAGEE shall apply fo the Court having ju~isdiction thereof tor the appamnxnt of a Receiver, such Cuurt shali forfiiwith ~ppoint a receiver of said mortgaged property aN and singular, includ,ng all and s;ngular the income, prol~ts, iuues and revenues irom whatever source derived, each and everr of which, it being expressly unders?ood, is k_reby mortgaged as ~f apec~ficatly set fwth and dew~bed in the graming and halxndum clauus hereof, and such Receiver shatl have a(I the broad and effect~ve Iuncnons and powers in a~yw~se entrusted by a Court to a Receiver, and s~ch appointment shall be made by such Court as an admitted eq~ity and a matter of absolute righ~ to uid MORTGAGEE, and without reference to the edequacy or in~deqvacy oi the value of the property mwtgaged w to the soivency w insolvency of said MORTGAGOR a the defendants, and thaf such ren~s, profin, income, iuves and revmue: sha!! be appiied by such Receivr accwd~nq to tlro lien w equity of said MORTGAGEE and the practice of such Coun. ~ 8. To duly, promptly and fully perfwm, discharge, execute, eifect, complete, comply with •nd abide by each and every the stip~lations, agreements, conditions ind covenan~s in said promissory note and thls mortgage set iorth_ 9. That in the event tMe owneajh;p of the mortgaged premises, or arryr part thereof, becomes vestcd in • person othtr than the MORTGAGOR, ths MORTGAGEE, its successors and au~gns, may, wi~hout no~;ce to the MORTGAOR, deal with such successor w successa in interest with ~efcrence to this moi~gage and the debt hereby secured in the same manner as with Mortgago~ witiwut in any way vitiating a dixharging the Mwtgaqo~i li~bility here- under p upon the debt hereby secured. No sale of the premises I~ereby mwtgsged and no fwbearance on the part of the MORTGAGEE w its successon or assgns and no extens~on of the time for the payment of the debt hereby secured given by the MORTGAGEE or its successws or au~gns, shall operate ro release, d+schsrge, modify cl~ange w affec! /F~e orginal liab~l~ty of the MORTGAGpR herein, either in whok or in psrt. 10. It ia speNfically agreed that time is of the essence of this contract and that no waive~ of sny obligat~on hereunder or of tM obligstan ae- a,red hereby shall at any time thercafter be held to be a waiver of tF~e terms hereof or of the instrument secured F?erby. 11. (n addition to the fo?ego:ng monthly payments of princ ppl and interest required by the prom~sswy nore secured hereby, mortgagw covsrwnts and agrees to pay to mortgagee with each monfhly payment an addirional sum esrimated by mortgagee to be equal to 1 j 12 of ~he annual cost o t foUow"•, ing: ~ ~l•, . . ~'J t~~•o~..~~~ ii A-All real property tsxes levied w assessed against the above deuribed real estate_ t` . 8-Premiums on fire and windstorm insurance as herein requ~red to be carried on the im.p.ovemenq sifuate on fhe above de3[r~ect~pre~n~s~s~ • C-Premiums on such mortgage guaranty insurar,ce as mortgagee sha11 from t~me to time deem fit to carry on the loan senued Iiere6p. _ Mortgsgee shall from time to t~me notify mo.tgagor ~n writ~ng of the amovnt due and payable hereu nd such sum shaU ~eup~n be ~due~~{ Fayable on the due date of the ~ext monthly payment and each successive month thereafter urril mortg shal! notify nwrtga~~i s~,irgs~hl iych a~nount, Such sums shall be applied by mortgagee toward the payment of rcaI property taxes, insur e prem:ums, and mortg ,r ar y~yr p~: .~y, ` premiums. IN WITNESS WHEREOF, the said MORiGAGOR has hereunto set his hand ar+d seal the da and ear firat afa ~~y~•• Sipned, and ' ered in the esente f. p. lf' B ENTE ISE . . war rau r., r s~dent , e . au , e c re ~ ar `~._d__.~ - - - - - - - - reasurer n - STATE OF fLORIDA COUNTY OF ST. IUCIE ~ I HEREgY CERTIFY, That on this ~ day of April ~ . ~ A.D. .~9~:,; . before me personally appeared - Edward B Tra ~b, Sr a~ Ethel M. '~k'x~8i~b, ~ ~ . . respectively 1 t s president and Secretary ~P g 4» rP r _____~pf: TRAUB ENTERPRISES, INC , , a FZorida ~ p3~ ~;b-,~ = C6rPAr R:' _ known to be the persons deuribed in and who executed the foregaing instrument, and severally acknow •~fher e~is~~ ~1'9~d cutiorrfbereof~to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they ~ a~fixe~!•'fhe~eto th~ .off~dal seal of said corporation, and !he said instrument is the ad and deed of said corporation. F SN(TF~'SS~my~taii~.aiu1'pfficial seai at Fort Pierce~St.Lueie Florida , said caunty a state. _ _ - ,o`~~ ,-tG ; = FI~~~~~ REC RDED ~ r, ~ ~ ? OOWotary Public, in a for~~,ate nd County aforesaid. ' :t • My Commission Expires:~'T/ (~7 • . . . • ~ Notary Publft, ~taN of !lond~ ~ (;~rae ~ ~~s ~pR y ~ Z My Commiss~on Expir~s Aua. 6, 196 ` Bond~d By Ameripn Sur• ~ ~ A a tY Co. of IV. Y_ ~ `t . / l ~/lr,~ t~ ;~n:~r"> ~ c~ /'1 ~A Retum ~ - - ~ Y ,!c ; ~-rsf federal Saving Loan Assr1. t U t~ ~ c€ F o r t P~A.;.P. F~~•~,a~ 8001(~ 4~ ~ 273- ~ ~ : _ ~ ~ ~ ~ -1 - _