The URL can be used to link to this page

Home My WebLink About2286 . ~ tl~ ~ 3. to plan ~nd ca+tinvo~sh kNp on tM bwldirps now a I+a~~fiN sitwN on ~aid I~nd a~d on ~11 equipm~nt ~nd pKwMlly coverd by ~q~ ap*, with dl pemiums tl+Kwn p+~d in full, fi~~ inwrance in ~hs usual suodard policy fam, in =a swn approwd by ~M MORTGAGEE. and windttam inwnnq in tA~ uswl s~u~da.d pol+cy fo~n+, in • wm approved by tht MORTGAGEE. in such tanpany o~ co~nW~ip as tM MORTGAGEE may dinttt and dl 1U~ Md windslwm inwrant~ policies on ~~y oi said build~np~, any inN~es1 thertin w p+~t tAt~eof, fn tM +pyrepaq sum ~fortNid ot In ~xass tMnoi, shall contain tM uiwl sfandud ma~9agea cl~ua a such othN claus~ as tM Mortyage~ m+y rp~k~. m+kGg ~h~ lou under sa~d pol~ cin. ~+d~ ~nd ~wry. p~Yabi~ to ~+W MORTGAGEE ai iti i~terost m~y ~pp~ar. ~nd each and every ivch policy sh~ll b~ pranptly ~ss:~ned and d+livered ro any hdd by t+d MORTG/1GfE u furtha stcwity to aid mortp+~ dcbt, ~nd. ~+ot I~a tMn qn (10) d~ys in advana of tFw ~xpiration of each poliq, to dr IivN to ~+id MORTGAGEE ~ r~»wal ther~of, ?op~thK wi~h ~ recs~pt fw ths pr~.niwn of such re~ewalj ~nd thK~ sh~ll b~ no f~~~ w windstam inw~ana plaad on a~y of s~id buildir.ys, ~ny interesl thsr~in or p+rt the~eof, unleu in th~ form ~nd with ths tou paYab~e u~fortsaid: +nd in 1he tvent any twn c} nwMy b~ooma paYaWe u~de~ such policy w polici~s said MORTGAGEE shall haw tM option ro~eceive u~d ~pply the iamt on acca+m of the ind~bted~ n~sa pcw~d twr~by a b pKmit said MORTGAGORS ro receive ar+d vs~ It w any part thereof for o~hei pu~poses, wi~hout threb~ waivi~g o~ unpa?.• inp ~nY puiry. li~n w~yM w~d~r a by vinv~ of thp mortyyer u+d in ths went ~aid MORTGAGORS sMll fa se~y reason fail to keep tM s+id premwes w ~ inaur~d, or bil b d~livK pranptly ~ny of said policies of insuranca to aid MORTGAGEE, a fail promptly to pay fulty ~ny pr~~nium ther~for a in a~:y r~sp~ct fall b pufwnl, dischu~e. ~x~tvt~, ~ffett, tomplNs. comph with ~nd abide by this tove~ant, a~ny put hereoi, said MORTGAGEE m+y place ~nd i paY fo~ wch imwancs or any p~rt th~reof without waivinp o~ aff~cti~p any op~ion. IiN+, p~ity. a riyh~ undN w by virtw of thi~ Morty~e. a~d the # full ~nawN of ~ach and ~wry wch p~ym~nt ihall b~ Nnm~diarely dw and p+yabl~ u~d ~hall bear interes~ iran ~M daq thereof until paid at th~ rat~ of i n~na pK peuwn p~r aawm u~d togather with wth interes~ sh~ll be setv~ed by tM li~n of this morty+qe. 1. To pKmit. oon+rtNt or wffK no wast~. imp+'vment a deter'a~~tion of s~id propaty or any p~rt thenof. S. To p~y all ~nd ~lnpula~ tl+e costs, clwrpes s~d expensas, includire~ a reaso~abk attorney i fee and costs of ~bstracts of title, incvr?ed or paid a~ eny time by said NIORTGAGEE, b~tsvs~ w i~ tFe ~vent of the fsiluro on the pa?t of ihe said MORTGAGOR ro duly, promptly and fv11Y perform, dixh+ro~. ~ •xec~t~, ~ffed. oompl~t~, comply with and ~b~de by ~+d+ and every the stipulst~ons. ayreenxnts. conditions. ~~d cov*nanrs of said prom~ssory note and ~his ~ mor.pp~ ~ny w ~ith~r, and s+id costs, charpes and ~xpenses, each and ewry, sh+ll be immediately due +nd pay+ble: whethe~ w not ther~ b~ r~o~ice ds ~ m~nd, atl~mpt to collecf w wh p~nding; ~nd the full unount of each and every wch paymem shall bea. intere~t from th~ date thereof until p~id N ti+~ . rete of nins per centum per ~n~um; ar~d all sacd costs, charges and expenses incvrred w paid, together with s~ch interNt, ih+ll b~ secured by th~ IiM+ of thw 6. That (a) in tl+~ ev~nt of any b~ach of thi~ Mat~s~e w defaul~ on tM part of the MORTGAGOR, o~ (b) in tM ~vent my of sa~d ~ums of n+on~y Aerein nfKnd to be not prompNy and fully paid within thirty l30) days nexl afrer the same xverally betom~ due a~ payable. without demaod or notit~, or (c~ In the tveM exh ~nd every ths stipulations, ~green?enq, conditions a~d coven~nts of ss~d p.omiuory note and th~s mortpape any a either are no1 lvly, promptly ard fully pe~famed, d~xMrged. execured, effeded. compkted, complied with and abided by, then in eitha a any such wsnt tl+s aid ~ preyat~ avm mMta~ed in said promissory ~ote then remaining unpaid, with interest acuuad. and all moneys setur~d hercby, shall betan~ due ~nd pay~ •bt~ fqthwith, w theresher, ~t the option of said MORTGAGEE, as fully ~nd completcly as if all of the said wms of money were a~yin+lly sripulatcd to be paid on wch day, ~nythinp in sa~d promissory note w in this Mortgsge to the contrary notwi~hiundirg; and thaeupon or thereafte? at the option of ~~id MORTGAGEE. without ewt~c~ a demand, suit at law w in equity, thcrefwe w tMreafter begun, mar be prosecuted u if all moneys secured hereby nad maturtd ptia to in iMtilution. 7. ihat in tl+e ~vent th~t ~t ths begi~+ning of or at any t~me pending any suit upon this Mortgsge, w to Ioreclose N, w to reform N, or ro e~fwa paymeM of arnr daims hereur+der, said MORTGAGEE shalt apply to the Court having jurisdiction thereof fa ~M appointment of a Recciver, such Covrt sMlt futhwith ~ppoint a receiver of sai~! mwtpaged property ~II and sirgvlar, includ~ng all and singvlar the income, profiu, iuues and reve~~e~ Irom whatever so~rt~ derived, eath ~nd ~vary o~ whith, it beinp expressly ~ndcr:tood, is hereby mort9aged ss if tpecific~lly sef fath ~nd dewibed In the p~antiny u+d habendurn clausta hefeof, u+d such Receiver shall h~ve sll the broad and effectire funct~ons and powers in anywise entrutted by • Carrt tp • Receivtr, ~nd •uch sppointment sh~ll be mHle by wch Court as +n ~dmittcd equity and a matter of absol~te right to i+id MORTGAGEE, and without refcrence to the ~dpusty or insdequacy of the wlue of the properry mor?gaged w to the wtvency w insolvency of sa~d MORTGAGOR or the defendants, and that tuch . rents, profits, income, iuws a~d rovenues shall b~ applied by such Receivcr accwding to the lien w puity of said MORTGAGEE ~nd the pradiu of such Court. & To d~ly, promptly and fully ptrfwm, discharge, execute, effect, complete, comply with ~nd sbide by sach ~nd wery ihs stipulations, ~preemenb, conditions and covenants in said prom4sory note and this mortgage set forth. 9. That in tM event the ownership of the mortgaged premises, a any part thereof, becames vested in ~ person otl~er tMn the MORTGAGOR, tl+~ MORTGAGEE, iri sucuuors and auigns, may, without notice to ?he MORTGAOR, deal with such svcc~stw or wtcessor in interest with ~eference to this mortyay~ and Ihe debt he~eby secured in the same manner as with Mqrtgagw without in ~ny way vitiatirg a discharging the Mortqs~on' liabiliry hert under a upon fh~ debt hereby secured_ No ssk of the Fremises hereby mwtgsged ~nd no fwbearance oe+ tht part oi the MORTGAGEE or ita s~ccessws ~ or auipr?s aed ra extenian of the time fw the paymem of Ihe debt hereby ucured given by the MORTGAGEE or its tv.cessors or suigns, shall op~ral~ i to ralease, dixharpe, modify chsrge a affect the wiginal liability of the MORTGAGOR herein, either in whole or in p+rt. ~ 10. It is specifically agreed that time is of the essence of this ca+tract and Ihat no waiver of any obligstan here~~der w of ths oblip~tion ta ~ cured Mreby fhall at ~ny time thercafter be held ro be a waiver of the terms hereof or of the instrument tecured herby. 11_ In addition to the forego:ng mw~thly payments of princ'pal and interest required by the promissory nore secured hereby, mwtgagor tovenants ~ and ~yrees to pay to mortgagee with each monthly payment an addireonal sum estimated by morsgagee to be equsl to 1/12 of the annusl tost of the follow- ing: ~ A-All real property taxes kvied o~ assessed against the above described real estate. B-Premiums on firt and windstorm insurance as herein requ~red to be carried on the improvements situate on the sbove described premises. C-Premiums on suci~ mortgage guaranty insurance as mortgsgee shall irom time to time deem fit ro carry on the loan secured hereby. Mortgsgee shall from time to time notify mortgagor in writ~ng of the amount due and payable hereunder and such sum shall thereupon be due and payable on the dve date of the next month~y payment and each successive month thereafter ur.til mwtgsgee shall not~fy mortgagor of a change in such amovnt. Such sums shall be applied by mortgsgee toward the payment of real property taxes, insurance prem~ums, snd matgage guaranty insur~nce premiwM. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto :et his hand and seal the da~year fi t afaesaid. ~,ip~ ~ ~ ed in ~~of: ~Z ~ ~ . ? ~ X ,~~n ~ n-.n STATE OF fLORIDA 1 courm oF St. Lucie bef«~ ,n~ ps,w,u,y, ,ppea~ed C a the rine A Broxn , e wi doW ~c,lf.z ~~lfi~fs to me well known snd known to me to b~ the individwl~, described in and wiw exetuted the fwe9oinp instrument, and adcnowledged before me that~}~e/ executed the ssme tw the purposes ~hereln e~cpnstd. '~i~ ~ ~ 6 ' WITNESS my hand snd official seal this ~L' day of ul A. D. 19~ ~ e ~ Notary Public in and for fix State of Floride ~t larye FILED AND RECORDEe My co~,m~u~ ~a~~ o~uy Pubic, Statc at Horida al I.~r9~ ~ aet~.~ Ta ST. LUCIE COUNTY, FLA.' My Commissioe EYpires Nor. 3,1969 ~ Firtt Ftdtr~l Ssvinps 3 loan Association os Fo~t P;e?ce. RECOP,D VERIFIEO ~.e~a tr ~~M Fw a e++.rn' e~. Fort Pierce. Florida ~C' t . . '~~,R.LGG~ ~ '66 AUG I PM 3 . ~t;: S; ~ ~:•c, ~ : • ' 6 ; . ~ ~ 14'7313 • Y _ , : ~ c~ . . ~ : HC~% Ft ?-OITRA$ - _ '..r .r ; CLERK CIRCUIT COURT ' : ; _ , _ L . _ •~o- 0 R L~ • • : ~0~~51 . : ~ i_ , xs ~ ~ ~ _ . ~ _ Y "'2~ ' ~w~ "s;" 'kf ~ _ N` "