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Home My WebLink About2145 1. To pl~ ~nd contimiovth ksep on tM buildi~+gs ~ow w hsreaft~r utwle on said land ~+d on ~II equipm~nt ~nd ptrwn~lly cov~r~d by thit mor1~ ~gs, wi1F~ ~II premiums thereon p~id in full, fire ins~rance in 1hs uswl slandard polity form, i~ • sum approv~d by tM MORiGAGEE, ~nd wind~lwm 1 insuralKf in tM uiwl a?~ndud pot~cy fam, in a sum approved by ~he MORTGAGEE. In iuch company or compsnies a+ ~M MORTGAGEE ~nay ~ directj and all tir~ and winditorm intura~ce po~icies on +ny of said build~nps, ~ny iMtre~t therein w part thercoi, in tM spg.e9+t~ win ~ta~uid a In eat~ss t!?~r~of, sMll conbin tM uswl ~bnd~rd ma?gagee clwse or such other clause aa the Matgagea may requir~. ma?irg the loss undN sa~d pdF cies, each ~nd ~wry, payabl~ to said MORTGAGEE as ~~s inte~est m~y ~ppeu, and each and e~ery such policy ~hall b~ promp~~Y +ss:yned +^d de~^raed ~a ~ny MW by said MORTGAGEE ai further securiy ~o said mor~gage debt, and, not less than ten (10) days in advance of tM eap~ratloi? of each policy, ~o d~- I~ver to s+id MORTGAGEE • rtnewal thereof. to~e~!?K with e ~eceipt fw the p~emium oi tuch renewal: and the~~ shall be no f~r~ w windstwm iniu~a~c~ placed on any of iaid buildinys, ~ny interest thecein or parl thercoi, unleu in the form snd with tM tou p+yable +s afwesaid; +nd in tM ~venl any tum of nwnsy becoma pay~Ws unda such policy or pol~cies sald MORTGAGEE shall have the option to receive and ~pply the same on +ccount of the indebied- r.eu seturtd he~eby M to permit said MORTGAGORS fo reteive snd uss it Or a~y part therrof iw othcr purposes, without Ihereb/ waivi~g a~mpair- ing ~ny p~ity, lan or rght under or by virtw of this mo:tgaye; ~nd in the went ~aid MORTGAGORS shall fw +~y ~eason fail to keep the s+id premises so insured, p fall b deliver promptly any of said polKies ol i~~ursnce to s~id MORTGAGEE, o~ fail promptly to pay f~lly any premium therefo~ or in a~y respect f~il b pt~fprn, dischu9e, eaecvte, ~ffett, complete, comply wirh ~nd +bids by this covenanl, a any pa~t hereof, said MORTGAGEE may p~+ce and : pay for such inwranc~ or ~ny put thereof without w~ivinp or ~ifectinp sny option, li~n, aquity, a ripht und~r a by virtw of this Mort~aps. ~~d tht i full ~naw~t of exh ~nd tvery such p~yma+t shall be immediately dw and payable and ahall bear inlerest from tM dat~ thereof until paid at tM rate ot n~ne pN tentum per ~nnum and to~elher with tuch iroerest shall be setured by fhe litn of this mort9sye. 1. To p~mat, aomrnit or wffu ~o wut~, impa'ument or deteriwatio~ of said properry o? any p~M thereof. S. To pay atl ~~d sinpulu th~ cosb, cMrges ~nd expenses, includ~np s reasonable attorney's fea and costs of ~bstracts of title, incurred w paid st any time by said MORTGAGEE, bec+use or in the event of the fsilure on the psrt of the sa7d MORTGAGOR to duly, promptly and fully perform, diuMrqR ~zecut~, ~ff~ct, oompl~t~, comply with and ab~de by each and every the stipulat~ons, agreements, cond~~~«u, end cov~nants of said promtssory note and ~hi~ morrflpe ~ny o? eitha, a~d said costs, cMrges and ezpenses, esch a~d every. ihall be immediately due ard p+yabte: whether or not there be r.otict da mand, attNnpt fo collett or wit pendingt ~nd tha full amouM of each atid every svth payment shall bea. interest from the date thereof ~ntit paid +t tht rate of nin~ per ctntum per snnum; and all said coat:, charges and expenses incvrred w paid, togeth~v w~th such inter~st, shall be tecured by 1M litn of this ~ i mortg~pt. 6. Th~f (a) i~ the evenf of any br~ach of this 1Nortgape w default on 1he pan of fhe MORTGAGOR, a(b) in the event ~~y oi sa~d sw~u of rtant~ ~ henin ref~rnd to be not promptly ~nd fully paid within thirty (30) days next after the same severatty become due and payabte, without demand or notic~, or (c) In ths ~wnt ~ath and every tF?e stipulatiau, sgrermenn, cond~tions and covenanh o~ ss:d p.omissory note snd this mortga9e any or either ~n ~iot iuly, promptly and fully perfwmed. dixhuged, executed, effected, completed. complied with and abided by, then in either ot any such eveM tM uid ap~ ; gregate swn en~ntaned in t~id promissory note then remaining unpaid, with intcrest acuued, and a11 moneys aecvred. hereby, tMtl become dw ~nd p+y- abls fathwitly a thtreafttr, ~t tl~e oprion of said MORTGAGEE, as fully and completely as if all of the said wma of money were oriqieally stipul~ted ro be paid on such d~y, anythirg in said promiuory note or in this Mortyage to Ihe contrary ralwithsl~ndinp; and thereupon or thereafie~ at the option of ~e~d MORTGAGEE, without notict w demand, suit at I~w or in equity, thercfwe w thereaher begvn, en~y be prosccuted u if sll moneyt setured htreby hed maturtd prior to ib imtitution. 7. Th~1 in th~ event that at the begiru+irg of or ~t any time peoding ~ny wit upon this Matgaye, o? to foreclos~ H, a ro rofwm it, or to enfwu paymcnt of ~ny daiim Mreunder, said MORTGAGEE shall spply to the Court having jurisdrctan thereoF iw tF+~ appointment of a Receivet, wch Courf ihall Forthwith ~ppoint + nctiver of sai~! mwtpsged property all and sirg~ler, includ~ng aIl and singulsr the income, profits, issvet and revenues from whatevtr source dNiWd, ~sch and ~v~ry o~ whith, if beinp expressly under:rood, is hereby mortgaged sf if specificalty fet fOrth snd dewibed in the yranting ~nd habendum clause~ heteof, ~nd s~th Reteiver sMll have atl the broad snd effKtive functions and powers in ~nywise entrusted by ~ Co~rt ty ~ Reuiver, and euch appointment shall be mad~ by such Court ~s an admitted equity and a m+tte? of absolute right to said MORTGAGEE, and without ~eference to tM edequaq w inad~qu~cy of the wlve of the property mortgaged or to the sotvcncy w inwl~ency of said 11110RTGAGOR or the defendanri, and that such rents, profiri, income, issues and revenues shall be applied by suth Reteiver according to the lien a equiry of said MORTGAGEE and the practitt of such Court. 8. To d~ly, promptly ~~d fully pe~iorm, dxharge, execute, effect, complete, compty with and sbide by sach and ~very the stipulations, agreemenb, conditbro and coverunts in sa~d promfuory note and this mortgage set forth. - ~ 9. That In the event the ow~enhip of the mortgsyed premises, a any part thereof, becwnes vested in a penon other than the MORTGAGOR, ths i MORTGAGEE, iri wcc~uor~ and auiyns, may, without notice to the A10RTGAOR, deal with such succassor a wcctssor in interest with rtfertnce to this moreyage and tM debt F+ereby secured in ths same manner as with Mortgsga without in any way vitiatirg w diuMr~inp the Mottyagon' li~bility her? under or upon the debt hereby setured. No sale of the prem~ses hereby mortgaged and no forbearante on the part of the MORTGAGEE w its sutcessws or aasigns snd no extMS"wn of the time iw the payment of the debt hercby secured given by the MORTGAGEE or iri successors w ~uiqns, sMll operat~ ro rele+se, discMrpe, modif~r change or affect the org~nal liab:lity of the MORiGAGOR herein, either in whole or in part. 10. It is specifiully a9reed that time is of the essence of fhis co~tncf and that no waiver of ar~y obliyation herwnder w of tM oblipation w- ~ cured hereby sh~lt at ~ny time th~ereafter be held to be s waiver of the tcrms hereof or of the instrument secured lxrby. 11. In addition to the forego:ng monthly payments of prin~ pal and interest required by the promissory note secured hereby, mortgagor tovenanf~ ~ nnd agrees to p~y to mortyagee with each monthly payment an add~~ional sum estimated by mortgagee to be equal to 1/12 of the annual cost of flx follow- ~ng: A-All re~f property taxes kvied or assessed against the above dewibed real estate. B-Premiums on fire ~nd windstwm insurance as herein requ;red to be carried on the improveme~ts situate on the above described premises. ~ C-Premiums on such mortgage guaranty i~surarce as mo+tgagee shall irom t~me to time deem fit to carry on the loan secured hereby. j Morfyagee thall from time to time notify mwtgagor in writing of fhe amount due and payable herevndrr snd such sum shall thtreupon be due and i cava6le on the due date of the next rtwr+thlv oavrt+e~t and each successive month thereafter urtil mortgagee shall notify mortgagor of a change in such i amount_ $uth sums sh~ll be ~pptied by mortgagee toward the payment of ~eal property taxes, insurance prtm:ums, and mortgage gwnnty insurance premiumt. _ IN WITNESS WHEREOf, the said MORTGAGOR has hereunro set his hand and seal the day and ye r st oresaid. ~ j ~ Sipned. S~ ` liva ' the presence of: • ~ ~ Ti~T'i ne a s Dou a s N wto e y ,n `~i ess ~ ~ abel R~I Teqlor STATE Of FLORIDA ' Lucie couNn oF St. j - Befwe me persw~ally appsared DoLgl9s Netiaten Te~jer ,~,d Ma b e 1 R. T a y 1 o r his wife, to me wel l known and known to me to be ~ ~ the individwls dewibed in and who executed the fwegoing instrvment, and acknowledged before me that they e:etuted the same for the purposes therein expressed. Md the said Msl~~l ~ T9o ~~Y' w~fe of tM said ~A11g189 Newton Teylor - ~P«, a xpswte and priwts examinatan by me taken sep~rate and apart from her said husband, adcnowledged to and before me-that she executed said instrument freely and vol~rr rar~ly end withovt any compubion, constraint, appreher~~jon, or fear of or from her said husbsnd. LL WITNE55 my h~nd snd offici~l aeal thi• day of A. D. 19_SL~_ ~ ~ ~ .G~~ L - ~ otsry Public in and iw the Siate of florida at lsrye ~ , My Commission eup'ues: ~~-J~_G ~ t Retum Ta Fint Feder~l Savings 6 losn Assotiation Ft~EO ~NQ RECOROEQ ~ P~• ~~.~jt . ~ Of Fo?t P~erca ST. LUCtE COUNTY R~A~ wr ~~o. ~a l~p. n;-~1; : i:; ` RECORp VERIFI~p Midi' M"'.w. F.. ~ ~.~..r?~.'• Fort Pierce, Florids ~~ti~~A~iw y ~ I ? fi - 4• ' : . 'fi6 OCT 1 PM 3 : 23 : `f. - iL~~ s y ~ fiOGCR f~TY~~ ~ CLERK CIRCUIT COURT - ~ BOOK156 P~~E 342 - ~ . ~ i,: . ,-."~.-F r ' - • w.'-" ~ai ~v-K ~ ' - - . . - _ . . - - - - - . _ . - - - - - - .r x k. ~A`i~~ K i~ ~',~i'N 3~ l