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Home My WebLink About0235 . ' ? ~ . Y r: :1 v 3. To plac~ ~nd con~inuously kNp oe th~ b~ildings now o~ Mr~aftN Ww~t~ on s~id land N+d on all equipm~M and p~rwn~liy covK~d by this map~ q~, wi~h all pr~miuma ~Mr~on paid in full. fir~ iniur~nc~ in the ~s~~: sru+da~d policy f«m. ~n ~ swn ~pp~owd by the MORIGAGEE. and winditain inswanc~ in tA~ vswl ~tandard pol~cy foren, in a wm ~pqov~d by rh~ lNORTGAGEE; in wch ~ companY or oompani~s ~s tF?~ MOR~GAGEE n?~y dirMj and ~II fir~ snd wind~w~m insuranc~ policie~ on ~~y of said bvildinpa, ~ny InM~~st tF?~r~in pr p~rf Ihs~Wf, in th~ a~qre9+t~ swn ata~s+id or In ~xo~ss ~herwf. sMll cont~in tM uiwi itandud maly~ye~ clauss or :uch othe~ claus~ a tM Matyap~s maY nqu'u~. m+klnp th~ loss unde~ said po1i~ cis~, e+ch ~nd ~wry. p~Y+bl~ a ~aid MORTGAGEE as its interest maY ~pp~ar. and each aod ~ve+y iuch poliey shatl b. p?omprly ~ss:9e~ed and d~livKed ro anr hetd by uH MORTGAGEE ~s twtM+ wcuriry ro aaid matpsp~ dsW, ~nd, ~Wt (eu fFMn 1M (10) flayf Qn advant~ Of fIN ~xpiratioe of ~ach policy, ro dr GrrK ro aid MORtGAGEE + rseewal ~he~~o3, fop~iMr wi~h a rece~pl fw tM p~~mium of such rer?ew~lj ~nd tl,K~ ah~ll be no f'u~ a wind~~am inturu~u pl~ced on ~ny of said b~ildinys, u~y t~terat therei~ or p~n th~rwf, unl~ss tn t!w forni ~nd wi~h tM bss payabl~ u aforyaid: u~d in tM ~wnt any wm of mor~y becwn~s payabl~ w:d~r wch policy or polici~ said MORTGAGEE shall h~w tM option ro ~ersiw and apply tM wrtK on ~ccount o1 tM i~d~Etsd~ Mu NNr~d hN~by o~ l0 petmit said MpRTGAGORS ro reteiv~ ~nd us~ i1 a sny pa~1 thereof fp other purposet, without thaeb/ waivi~g a unpair• ir?~ any.puity, li~n or ~ipht unda w by vinw of this mort~~~j ~~d in tM ~vent N~d MORTGAGORS thall fa ~ny r~ason tai! ro kHp tM said pr~m;sa so ini~rad,' or f~il to ddiva promptly u?y of said polici~s of ir?tunnu to said N10RTGAGEE, or fsil promptly ro pay ivlly ~ny p~emiwn therefw a ie~ any r~spaN fait to pKfam, diicMrg~, execvte, ~ffect, compkt~, coer~ply with x~d abid~ by fhis covsnsnt, w any pan hereof, taid MORTGAGEE may piace and paY for such iiuwar~ w a~y part tMreof witlw~t waMinQ w affactFnp ~nr opfion, li~n, eq~r~ty, or rght undK a by virtw of this Maty~. ~nd tM full amouet of each ~nd wery such paymem sh~ll be iervn~di~tey dw ~nd pay~Ws and sMll b~ar intKest f~om tM dat~ thKeof votil paid a~ tM ~a~~ oi nin~ pN ceotwn pK uwwn+ and ~ogeiher with iuch inre?~st ~hslt be secund by tM li~n of this morrpay~. I. To pKmit, oomoit or wH~r ra wasM, imP+irment or deteriorata~ of ~aid p~opsrry or any psrt th~rwf. S. to p~y ~tl ~~d sirgvlar tlwtost~, char~es and ~xp~nsss„ kxludinp • reasonable +ttore~y's f~e snd cosri of ~bstr~ctt of title, incurred w paid at any ttma bp iaid MORTGAGEE, buus~ a in the ~vMt of tM f~iturt oo the p~rt of tFK s~id MORTGAGOR to d,dy, promptty ~nd futly psrfam, dixharg~, •xecut~, ~ffea, oomplet~, oompfy with and ~bide by ~xh ~nd every the stipulations, agreemenrs, cw~d;rion~, and oown,r,n of s.id promissory no~. ~nd ~hu mw~ya~e any o~ e7~hsr, and said cosn, ch~r~et and exparres, e~ch and every. sh~ll b~ immediatey due ~nd p~yable: wt~erha or not ther~ b~ netice da• m~nd. ~nempt to colkct or wit psndinyj ~nd rM ivll amount of sach ~nd every wch paymem shstt bea~ imeresl from tM date thereof until paid at the rare ot nires per centum per anewm; and all said cdst~, chirpes and expenses incvrred or psid, to~cther with wch interat, ~h+ll b~ ~cw~d by 1M lien of thif maty+~. e. ThN (a) i~ the sv~nt of aey brcach of this Mortgapt or default on Nr ps?t of th~ MORTGAGOR, p(b) io the avent ~ny ot ~sid sums of mon~y herein r~fenad to ba oot promptly a~d fvlly p~id within thi~ty (3p) d~ya nex~ ~fta the same szverally become due and payabk. withow deen~nd or notice. or (c~ in ths ~verq each ~nd ewry the stiputaYans, ~gresmen», conditions and covemnn of said promissory not~ and this mortpape any o~ ~itMr an na !~?ly. promptly and fully perfwmed, d~xhsrged, exewted, eifec~ad. tompkted, complied wi~h and abided by. then in eith~r a any auch ~wnt t1» said a~ prepatt wm m~ntionad in said promissory note then remaininp ~~paid. witb intereif scuucd, and all ma~eys secwed hertbY, sMll beco~n~ due and p~y~ •b!~ forthwith, a thereafter. ~t ths option of said MORTGAGEE, as fully ~nd completely u if at( of the said wms of mw~er wer~ oripin~lly stipvlated ro be paid on such day, anyth;ng ire sa;d promiuory note a In this Matgaye to the contwry notwithstsnd~np; snd thereupon or tfiereaRe~ ~t tM option of •aid MORTGAGEE, wirhout nouce w dem~nd, wit a1 law w in equity, there(ore a thsreaf~cr begvrb may be prosec~ted u if sll mw~eys secur~d har~by had rtwtured prior to iri institvtion. 7. That in ~he event that at the begi~nirg of or ~t any time pe~d'ug aay suit upon this Mortg~ge, a to fweclose il, or to roform it, or ro tnfap oa;~ment of any daims hrevnde?, said MORTGAGEE sMll spply to the Cour1 having jwisdiction ~hereof fu the appo~~tment of ~ Recciver, wcfi Court shill fortFiwith sppoim a receiva of said mortgsged propeAy all and sirgvlu, inctud~~ng aft and sing~lar the income, prof~ts, iuves and revenues irom whaiw~r source derived, each and every of wti~ch, it being expreuly understood, is hereby mo?tgsged ss if specifically ~et fwth and described in tha 9r~roirq aod habendum cl~uset hereof, and such Receiver shall have all the bro~d ~~d et(ective funa~ons and powen in anyw7se entrusted by a Court 1o a Receivcr, a~d such ~ppointment sh~ll tie made by svch Cou~t as an adm;tfed equity snd a mstrer of absolute i~ght to said MORTGAGEE, and without refere~ce ro the adeqv~ty p insdeqva~y of fhe valw of the prbperty mortgaged or ro ihe solvcncy o~ insolvency of s~id MORTGAGOR or the defendanb, and ~Mt such rents, profin, incpne, iss~res and revenues sMtl be applied by such Reteiver accwdin~ to t1~e lien w equiq of said MORTGAGEE and the p~ttitt of sucA Covrt. S. To d~ly. prompty and fvlly perfwm, discharge, execvte, effect, complete, comply with u?d +bide by each and every ths stipulations, agreemeMS, cond'A'aro ark! covenanrs in s~id promissory not~ and this mortgage set fwth. 9. Th~t in the we~t the owncrship of N+e morrgayed pre,nixs. w any parl tFrc~eof, becwnes vested L? i penon other tl+~n the MORTGAGOR, the MORTGAGEE, in wcceuws ~nd assiyns, may, wifho~t notice to the MORTGAOR, deal wifl~ such wuessor or waessor in imerett with reference W this mort~aape ~nd the debt hereby setured in Ms sam~ manner as w~th Mwtgagor w~thow in any way vitutirg a d~scl~arging the Moreysgors' liabitity h~ra under or upon the deb~ hereby secvred. No s~le of the premises hereby mortgsged ~nd no fpbea~snce on the pa,n of ~he 1111pRTGACaEE w in succeuors w ~uigru and no extension of tF~e time fw the psymeM of the ikbt he.eby secured given by fhe MORTGAGEE a ih succeuors or usgns, alwll opaat~ ro rskase, diuhuy~, modify ch~~gs or affett tl~e wiginal liabil;ty of the MORiGAGOR hereiry eitber in whole a in part. 10. It b spKifically agreed rhaf f;me is of the eue~,ce of this contuct and tlut no wa'~ver of ~ny oblg•~pr, hveunde? or of th~ obligation ~e- a.red hereby shall at any time thereaher be held to be • wiiver of the tcrms hereof o~ of the imtr~ment sec~red herby, 11. In add~tion ro the fwego:ng monfhlY payments of princ:p~l and inte~est requaed by tl~e promissory note secured hereby, mortgagor covensnn and agrees ro pay to mongagee with each morohly payment an add~iional sum estimated by mortyagee to be eqwl to 1/12 of the annual cost of the fdlow- iny: A-All real property b:es kvied w assessed aysinst the sbove dewibed real esbte. 8-Premiums on fire and windstorm insuraoce as herein rcqo~red fo be urried on 1he improvements sitwte on the abowe destribed pramises. C-P~emivm~ on sucA mwtgage guaranty insurance as mortgagee shall from tirrK to time deem fit to carry on the loan secured hereby. Matg+gee shsll from time to t6ne ratify mortgagor in writing of the amount due and paYabk hereunder and such wm shall thereupon 6e due and payabk on the due date of the next monthly payment and each s~ccessive month theresfter ~ntil mortgsgee aha11 netify mon9sgo~ o{ • chsrge in such amounf. Sud~ w~ra shall be spplied by mortgagee toward the payment of real properry taxes, iraurance prem:ums, and mort9sge 9uuanty insurance premivms. IN WITNESS VYHEREOf, the said NIORT6AGOR hss Ixreu~to set his hsnd and sesl the day yeu firs f id. ~Md ~aled and delivaed in the pesence of: i ry ~ ` ~ ' , STATE OF fIORIDA ~ ~ coun~rr oF _ S t_ Luc i~ ~ a.ron, m. p.,,,n.e,, .ppe,rcd Jule s J. Fre re , Jr . snd ! Mar~aret N. Frere his wife, to me well known and known to ms to b~ the ind'nidwls d~scn'bed in ~nd wFa executed the faeyoirg instrument, and xkrawledped before me that they executed th~ sune for ths pwposes ~ r?k..~„ .,~..,,.a. ,4,a ,n. Mar aret N. Frere ,~.=E••~~.~~~~=f,:,. : w~fe ot ~M sa~d JUle s J. Fre re Jr ~ ? w±rPw.M 1Qd,~xw•n exuninatbn by rne uken separ~te ~nd ~psrt from her said Iwsbe~?d, ackrqwle~g~ }p and befwe mt that she exearted ~1Aupent freslr'<Snd ~vblun. f tarily ard withwl ~ryr compubion, coostnint. ~ppr a x of a from he~ sald husband. . ~~~r ~ wrrNess m,, h.na .na offici,~ .e.~ rhi d,Y „f ' A r 1 c n. ~o.'~~ 66 : _ , y~ ; _ sry Publit in ~nd for tfle $fyt (~rq~: a~ Retum Ta MY COrt1Tii~lOf1 !)cPlft3i _/+e~~'.:::.. ~ F.a~.,i s,,,;~, a?~,,, ,~,~«;a,;o„ F I L E D A N 0 R E C ~ R D E D Motw hbic„ `~i~.a~;~~,~• IN BOOK of Fon P;e.ce. ? ~ ~i*~~ fp~- Fort Pierte. Florids ~ M.~ y ~,~,;~M a~~~v7 ~ t%-% '66 APR I$ P 2:36 ~i E ~ 14~49'7 d ~ R06ER POtTRAS, CI.ERK ' ~ ST. LUCIE C6UNTY, ; FL9RIDA H ~ OR ~ 8oox~43 234 ~ - - ` ~ f r= ~51~i~.tr."' ~ . ~ ._f.~ F 4't~;~~ - .R _ _ . a-- _ ~~~j