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Home My WebLink About2101 . , - ~ t 3. To pl~ ~nd ca+tinuo~,sly keep on ~M buildinyi now a henafte? ~iw~N o~ said Isnd and on aN equipn~?em ~nd p~nonally townd by thh morp~ p~, with all p~mFums the~eon p~ld in full, fin insur~ncc in ths u~wl iui,dard policy fo~m, in •~un+ approwd by tM MORiGAGEE, and windttam insuranc~ i~ tM utwl pandard pol~cy fa~n, in a sum approv~d by ~Ae MORTGAGEE, in such comp~+y w companies a tAe NWRTGAGEE may direct; ~nd all fk~ u~d winrhtwm insur~nc~ policies on any of said buildinp~, ~ny tm~rest ~herein o? pa„ Ihe~eol, in th~ aygre9at~ sum ~tornaid a ~n ~xcNS ~henof, aMll contaio th~ utwl s~andud mortgagee cl~us~ a iuch otF~s? claus~ ~s tM Mat9sgee iruy rpvin. makinp tM lo» u~ sa~d potE cie~, ead~ u~d ~vKy. paYabl~ w Hid MORTGAGEE +s iti intercit may ~ppea?. snd c~ch and every :uch pc+liq shall be prompfly au:9~ed +nd delivered to ~ny h~ld by said MORiGAGEE a fwrh~. s~cv~;ty to said mor~9~~ dabi, and, nw I~u tMn te~ (10) days in advance of the eapir+~tion oi e~ch pol~cy, ro dr tivsr to ak! MORTGAGEE a r~wal the~wf, top~~hK wi~h a receipt fa the prunium of such ~~newalj ~r?d thH~ shall b~ no fin o? windstam insuranc~ p~~ced on ~ny of said buildinps, a~y intereaf ihttein o~ p~rt thereof, unleu in the form and wiih the loss payible as afwesaid; a~+d in tM ev~nt ~oy wen of mw?~y b~cprns p~yabl~ unde~ such polky or policies asid MORTGAGEE ahall Mw tl+~ option ro roctive ~nd ~pply the aams on +ccou~t of the indebted- neas setund INr~by ot b permil said MORiGAGORS to reteive and use It or any part thereof fw other purposes, without therEb~ waivi~~g a unpair inp any p~ity, IiM w ripht unde~ o~ by virtus of this mwf9a~e; ~nd in tM ~van~ u6d J1110RTGAGORS ihall fa ~ny reaion fail to keep the said pr~mius so inaured, a fail b deliwr promptly ~ny of said policies of ir?surance to said MORTGAGEE, w fail promptly to pay fulty any premium the~~fa w In iny nsp~cr fail q pNfwir~, dischs?ye, ~x~cvta, ~ffed, compl~te, comply wi~h u~d ~bids by this covenant, a any put hereof, said MORTGAGEE may plsce +nd paY fa wd~ kaw~ncs or any part Ihercof withour wsivinp or ~ff~ctin~ any option, li~n, puity, a ~iyht undK w by virtu~ of this Mortyaps. ~nd the full amo~M of ~ach and ewry wch p~ym~nt shall be immedi~rety dw and payabl~ and shall bsar ineerat irom rl» dat~ tMreot un~it p~id ~t th~ ~ate oi n~ne p~r p~tum pu snnum and ~ogether with tuth intc~es? ihall be secvred by tM lien of this mortQap~. a. To pKmit, oannut or wffa no wut~. Mnpairmem or deterior~tion oi uid property or ~ny put theteof. 5. To p~y sll uwl sinpulx the costs, chsrpes and expenses, includirg • rcasonable ~norney's (ee snd costt of abstractt of tiNe, incvrrad or p~id at ` eny t~me by said MpRTGAGEE, b~cause w in tM weet of the failwe on the parf of tM said MpRTGAGOR ro duly, p~anptly and fully perfwm, d~scharge. •xecura, ~ffett, oompl~t~, tomply with and ~b~de by ~ach ~nd every the st~pulations, preements, cond~tionf, ~nd cov~nants oi said promiswry note and thii mortQsp~ ~ny or ~i~htr. ~rw1 said oosy„ cl~ugss ~~d expenses. each ~?d evcry, sMtl be immediately due and payable: whether a not there be notice d~ mand, attempt ro tolkct w wit pend~ngj snd the full ~mouM of each and every such payment shall besr ;ntersst from the date thereof uroil paid at the rate of nin~ pe~ centum per smium; and atl said costs, tharges snd expcnses inturred w p~id. togethet w~th suth intertsl, shall b~ tetured by tM 1i~n of thi~ ; mort9+~• ~ 6. Th~t (s) k~ ths ~vent of aey brsscl~ of this Mortga~~ w default on fhe part of the MORTGAGOR, or (b) in tM svsnt ~ny of ss~d sums of nw~wy herein refKr~d to be not promptly ~nd fully paid wirhin thlrty (30) days ~ext aft~? the same sevaalty becort?e due and payable. without demand or notice. ~ or (c) tn tM ~vMt esch and every the stipulaNons. agreementt, cond~tions and tovenants of ssid promissory note and this mwtps~e any a either ue tw1 iuly, p?omptly ~nd fvlly performad, d~uharged, ezecuted. ~ffccted. completed, complied with arw! ab~ded by, then in eithcr a ~ny such wem tM aid ap~ gregate wm mentioned in said p?omisaory note then remainin9 unpaid. wirh interest atuued, and att moneys xcured hereby. sh~ll become dw and pay- abie fwthwith, p thereahes, at the option of said MORTGAGEE, ss fully and completety as ii all of the said suma of money vrere oripinally atip~tatcd to be paid on wch day. anythirg in s~~d promiuory note or In this Mafg~ge to the contrary notwithstandinp; and tf+erwpon a thereafter a~ the opt~on of sa~d MORTGAGEE, without nohce or demand, suit at law a in eqvity, therefwe o? tF~ereaftcr bepun, may b~ pro~ecute+! ~s if sll moneys saound hereby hed matured pripr to ih imtitution. 7. Thaf in tM event rMt ~t ~he begin~ing of or at sny tims pendirg any suit upon this Mortgsge, or to foreclos~ if, w fo reform It, or fo e~iwc~ payment of any daims herevnder, said MORTGAGfE shaN apply fo the CouA having ju~i~d~ction thersof for tM appointmeM of a Receiver, s~ch Court sMll forthwith ~ppoint + reteiva of sa'~1 mortgaged property aU ~ad sirgut~~, ir?clud~ng all snd singvlsr the income, profits, iuues and revenues from whatevtr ; wurce deriwd, e~ch and every of which, it ~einp expreuly understood, is hereby mortgaged af ii specificatiy ut iath and dewebed in tAe prantinQ and habendum clavses hereof, and such Receiv~r sha11 have ~II ~he brwd snd effectiw f~nchons and powers in anywise entr~sted by a Co~rf tp a Receivt?, ~nd ~ wch appointment shsll be made by s~ch Cou~t as an sdmitted equity and a m~tt~r of abwlule rigM to said MORTGAGEE, sed without roference Io th~ edequacy or inadequxy of tM valw of rhe property mortgaged or to the w~vency or ;nsolvency oi sa7d MORTGAGOR w the defendants, u?d that suth renrs, profiri, iacane, iuues and revcnuet shall be applied by svch Receiver accordin~ to the lien or equity of said MORTGAGEE ~nd the practiu of such ~ Court. 8. to duly, promptty and fvily p~rform, dixha~ge, execute, effect, c+ornpkte, comply with and abide by exh u~d wery ths sti}wlations, agraements, • condifions and caven~nts ih sa;d promi~sory note and this mortg e Kt forth. ~ 9. 7F~at in the event the ownership of the mo~tgayed prem;ses. o~ ~ny pa~t thereof, becanes vcsted in a perwn other thin the MORTGAGOR, tl» h10RTGAGEE, in svccessors and ~ssgns, m~y, withovt notice to ~he NWRTGAOR, deal with such successor or wccessor in intcrest w;fh refae~:e to this ~ mortgape and 1Me debl hereby secu~ed i~ the ssme m~nner as with Alortgsgor without in ~ny way vitiati~g w d~scMry~np the Mwtysgws' liability hert under o~ upoe? tM debt hereby secured. No s~le of the premises hereby mortgaged and no fwbearance o~ Ihe part of the MORTGAGEE w its successon ~ or as:~gns and no extens'wn of the time fw the payment o! the debt hereby secured g~ven by the MORTGAGEE or-iti iucussors or au~gro, shall opsrate ro release, distMrpe, nadify thsnge or affect the wig~nal liab~lity of the MORiGAGOR herei~, either in whole w in psrt. 10. It is specifically agreed thst time is of the esscrxe of this contract end that no waiver of any obligaY~on hereunder a of tM obtlyation s? ~ cured Mreby sl+atl at any fime thereafter be held to be a waive~ of the terms heieof w of the instrumem secured herby. ~ 11. In addi?io.o to the fwego:ng mon)hly paymeNS of princ"pal a~d interest required by the p?omiswry note secured hereby, morfgsgor oovtnanls ar,d egrees to pay to mortgagee with each monthly payment an additional sum est~mated by mortgagee to be equal to 1/12 of the annual tost of the totlow- ! ing: s A-AU real property tsxes kvied or asussed agai~st the above described real estate. ± B-Premivms on fire and windstorm insurance as herein requ:~ed to be carried on the improveme~b situate on the above desuibed premises. C-Premiums on suth mortgage guaraoty insurance as mwtgagee shafl from t~me to time deem fit to carry on the ban secured hereby. Nlortgsgee ahsll from time to time notify mortgagor in wriring of fhe amount due and payable hereunder and such sum shall therevpon be due and paYable o~ the due date of the next mor~thly payment and each successive month thereafte~ urti{ mortgagee shall norify mortgagor of a change in such a~-,ount, Such sums shall be applied by mortgagee toward the paymcnt of re,l property taxes, insurance p~em~ums, and mortgage guaranfy inwrarxe p~emiums. IN WITNESS WHEREOF, the said AFORTGAGOR has hercunto set his hand and seal the day and ytar fint sfwesaid. ~ Si rwd, ~led and elirered i h~ pre of: . t . n n ~n s;ATe oF ~oaion ~ ' ' courm oF St. T~ucie u' i Befwe me personally app~ared Edwin Binney Stead ~ _ Helen M. .~tAai~ his wife, to me well known and known to me to b~ rhe individvals desuibed in +nd who eaecuted the foregoiny instrument. ~nd acknowledged before me thaf they exrcuted the same for the p~rposes ~ therein exprested. And ihe ss:d Helen M~ S~'i88.d ~ , wife of ths iaid E3win 8innev .4t@8d , upon • separate ~nd priwt~ ~ examinafan by me taken separate and apart f~oro her said husbsnd, ackrww~edged to and beforo me that she executed said i~strument freely and volun- ~ rarify snd withovf any compulsion, constraim, apprehemion, ~~~feu of or from Fie~ wid Mnband. ~ WiTNE55 my hand and offitial s~al th~ a?~ d,y of Jul a o. 1s1-6 4 ~ ~ ~ Notary Publ;c in snd for the State of floride ~t lar~e ~ ~ ' My Commiuion expi~es: ~ Ta ~~_3~G e Not~ry Pu61ic, SGte ~1 Ffcrida at large , Fir~t F~d~ral Ssvln~s d~ loan 1lssotiafion ] M ; FILED AND RECORDE~ 1~mmission Expires Nor. 3, 1969 0f1-"PIE/CC. Wed~d 61 Amencaa fv~ 6 Ca:•ia~~Y ~o. ~ P."~}c`~`F~`~'. ST. I.UCIE COUNTY. F~• : ; ~ C= aE Rp VERIFIED ~ i _ ~ ? 1~ f~ j ' ~ I t ~ ~ ~ ~ J~'_~ic' '66 JUI. 28 PN 2: 32 _ ~ : / ~ ~ KO~'~'"~'CI~~'""" . ` CLERK CIRCUIT COURY i i ~ , . r ~ ao~151 ~ ~ b . _ - ~ ~ _ - ~ > . • - ~°3 ~ ='r.