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Home My WebLink About2205 To piac~ u?d continuou~ly ke~p on tM bu~ld~ngs now w hereafter ~~tuat~ on sa~d land u~d on all cQuipmeot ~nd p~rsonally cov~nd by 1hi~ mort~ ~9s, with all pr~miums tMreon p+id in fuli, fire insv~ance ~hs usual ifandard po1Ky fwm, in • ium approv~d by the MORiGAGEE, u?d w~r+d~tam ;niurana in tM ~swl s~andard pol~q totm, ie~ + sum ~pproved by the MORTGAGEE, in such tanpa~y w to~+P+M~s as ~M MORTGAGEE m+y d~rect; ae~d ~II fG~ snd windatwm ir?iuranc~ po1K~e~ on any of sa~d build~nps, ~~y inter~s~ therein or part thereoi, in tM ayqrey~~~ sum ~for~said u tn ~xctu ther~oi, ihall contain tM viwl uandard margagee clsuse or such oths~ clauss as tM Nbrt9ages may requ~n, makinp ~M loas ~nde~ u~d poli~ c:e~, each ~nd wtry. paY+bl~ ro s~id MORTGAGfE as iti imerest may sppea~, and eacA and every s~rch pol~cy shall be {xomp~~y a~s 9ned and dtlivered ~o ~ny MW by s~id MORTGAGEE ~s fur~he~ ~ecurity to sa~d mortgage debt, and, not ieu than ten (10) days in advance of ~he exp+ration of e+ch poliq, to dr I~ver to s~id MORTGAGEE a renewal Ihereof, tope?hK wi~h a~eceipt fw the premium of such renewal; and the~t shsll be ra fi~e or winds~wm insuranc~ placed an any of taid buildinps, ~ny interett therein o~ psrt thereot, unless in the form and with Ihe loss p~y~blt as ~fwesaid; end in the event any wm of mon~y becoma payabl~ unda sucl~ policy or pol~ciss said MORTGAGEE shall have the opt~on to receive and apply ths same on account of the indebted- nesi ~ec~r~d Mr~by w to permil said MORTGAGORS lo ~eceive end use it o~ any part Ihereof fw othe~ pu~poses, wiihout thzr~u/ waivi~~g or ~mpair- in9 any equity, lien or r'ght unde~ w by rirtue of this mo:tgage; and in the evero ~a~d MORTGAGORS ~hall tor ~ny reaso~ fail to kecp the said pre~nius so imured, p fail b delivar promptly any of said policies of insurance to said MORTGAGEE, or fail promptly to pay fully sny p~emium therefor w i~ a~y re~pect fail b perfwm, d~schuge, e:ecute, ef(eU, complete, comply with a~d abide by this cove~ant, a any pa~t hrreof, said MORTGAGEE may p~+ce +~d pey fa tuth insurante or ~ny p~rt thtroof withoul w~ivir+y a ~ffetrin~ ~oy optia~, lien. equity. o? right unde~ a by virrw of Ihis Mwlp+ys. ~nd the f„II amo~nt of each u?d ~very s~ch payment shall be immediately dve and payable and shall bcs~ interest from tM dat~ tl+e~cof vntil paid at the rate o1 ~ nine per centum pe~ ~nnum and togethe~ with iuch interea~ sha11 be secvred by tM lien of this mwtg~ge. 1. To pKmit, tommit or suffer no wast~, impa~rment or dettrioratan of said property w any pa?t thereof. ~ S. To pay all s~d sinputu th~ costs, ch+r9e~ snd expenses, includiny ~ rcasonsble ~t~orney i fee a~d cosri of abstracts oi title, incurred w psid st any time by uid MORiGAGEE, because w in the event of the failure on the part of the said MORTGAGOR ro duly, promptly and futly perform, d~uha~y~, ~xrcut~, effect, comptet~, comply with and ~b~de by exh and every the ~tipul~t~ons, sgreen~ents, condi~ions. +nd covenann of sa~d promissory nots and this mortg~pe u~y w ~itha, ~nd said cosls. ch+r9es +^d expenses, exh and every, sh~ll be immed~a?ely due a~d paysble; whe?her d not there be ~otice d~ man~, ~ttempt to co11M w suif pending; and tM f~ll amount of tach ~~d every suth paymeM shall bear interost from the date thereof until p~id tl the ~ ~ete of nir» per c~nfum pe? aru~um; ~~d all said cosri, charges and expenses inturred or paid, together with suth inter„1, tMll be s~cured by tM li~n ol thu .n.w~ae., 6. 1'h~t in the evenf of ~ny besch of ihi~ Mwtg~ge w defaull on the part of fhe MORTGAGOR, w(b) in tha event any of s~id wms of rtan~y ~ h~rein refKred to be not p~ompt~y snd fully paid with?n 1hi~ty (30) days ~?ext af~er the same severatty betome due and pay~ble, wilhout demand w ~otite, ~ or (c) tn th~ ~wm ~ach and every the stipula~~ons, agreements, condltions and coven~nrs of sa~d promiuory note and th~s mw~ga~e ~ny or e~tAer are not iuty, ~omptly ~nd fully p~rfamed. d~schirged, executed. effccte~. completed. compGed with and abided by. tF+en in e7ther w any tuch eveM tM aid ap~ Aregate wm rnentaned in asid promissory note thcn remaining unpaid, with imerest accrucd, and all moneys secwed hereby, sMll become dw and pay~ 1 eble forthwitFy Ot tMfNftN. ~t tM option of taid MORTGAGEE, ai fully a~d completety as if all of the said surns of money were aiyinally itipul~ted ~ to be paid on s~th day, anythinp in said promissay note w in this Matg~ge to the contrary notwithstandiny; and thereupon or thereafter at ths op~ion of ~ se~d MORTGAGfE, witFaut notic~ a dcmand, iuit at law or in equity, therefwe d 1F?ercaitcr begun, may be prosecut~d a if all moneys secured henby had maturtd prior to iri institution. 7. TMt in tM event that at the be9inning of o? at any time pending any suit upon this Mortg~ge, w to ioreclose it, or fo mform it, a fo enforp peym~nt of ~ny daims Mrevnder, s+id MORTGAGEE sl~all apply to the Court having jurisdrct~on thereot fa the +ppantment of • Raceive?, wth Court shall Forthwfth ~ppoint ~ reuivK of sa' mortpaged property all and singufar, includ~ng all and singular the income, profits, iuues and reve~ues from what~v~r ~ourc~ dsrived, e~ch and ~vsry o~which, it beinp expressly unders~ood, is hereby mo.~gaged as if spec~fic~lly set fath and desu~bed in 1he ~r~n~ir?9 +nd habendum clauses herwf, ~nd wch Receiwr shall have all the b.oad and effective funct~ons and powers io anywise entrusted by ~~o~rt tp a Receiver, and ~uch appointment shall be made by such Court as an admitted eq~ity a~d a m+Iter of absolute right to said MORiGAGEE, ~nd without referenc~ to the edequaq w in~dequacy of the wlue of the property mortgaged or to the sowency or insolvency of said MORIGAGOR w the defendann, a~d that tuch renn, profin, income, iuues ~nd rovenuet ahatl be applied by such Receiver accwd~ng to the tien or equity of ssid MORTGAGEE and the pr+ctiu of such ~ CouA. 8. To du tl and ful fwm, d'~scMr execute, eifecf, co lete, com I with and ab~de b e~ch and e the iti laYions, syreem~nb, ~ ~Y. W~^+P Y FY P~ 9e• '^P P Y Y ~Y P~ £ cond~tiorq ~nd covenants in said prombsory note and ~his rt+oAgage set fwth. ~ 9. That in ths ev~M the ownership of the morfgaged premises, or any part thereof, becomes vested in a penon other thsn fhe MORTGAGOR, tM MORTGAGEE, its wccessors and suigro, may, withoul notice to the MORTGAOR, deat with such successor w tutussw interest wilh r~ierence to thit mortg~ge ~nd the debt hereby setured in the same ma~ner as with Mortgagor without in any way vitiating a dixhsrging the Mort9agors' liability Ikr? under w upon the debt hereby setured. No wle of the premises hereby mortgaged and no fabearance on the pa~1 of the MORTGAGEE o? itt tuccesson or e~signs ~nd no extension of the time fa the payment of the debt hereby secured given by the MORTGAGEE or its successors o? auigns, shall optrats to release, disthar~e, motlify change w affed the original liability of the NIORTGAGOR herein, eitMer in whole w in part. 10. If is spec~fically sgreed that time is of the esscnce of this contract and that no waiver of sny obligatan hereunder w of the oblipation ss- cured hereby sMll at any time thereaher be held to be s waiver of the terms hereof or of the instrument secured he~by. 11. In add~tion ro the fwegoirg moathly payments of princ'pal and imerest required by the prom~sswy nore secured hereby, mortgagor tovenants and agrees to pay to mortgagee with each monthly payrnent an add~iional sum esrimated by mortgagee to be equal to 1%12 of the annual tost of tF~e follow- in.7: A-All tesl property taxes kvied or assessed against thc above deuribed real estate. B-Premiums on fire and windstwm insurance as nerein requ~red to be ca~ried on the improveme~ts situate on the sbove described premiset. C-Premivms on suth mortgege guarenty insurance as mortgagee shall from t:me to time deem fit to carry on the ban setured hereby. j Mwipsgee ihall from time to time notify mo~tgagor in wrinng of the amount due and payable hercunder and such sum shall thereupon be due and ~ Fayable on the due date of the next monthly payment and each successive month thereaffe. ur.til mortgagee shall notify mortgagor of a change in such amount. Such sums shall be spplied by mortgagce toward the payment of real property taxes, insurance prem.umi, and mortgage guar~nty insursnte ~ p~emiums. - • ~ IN WITNE55 WHEREOF, the said MORTGACsOR has hereunto set his hand and seal the day and yea~ fir t atoresaid. Sipn~d, S~aled ~ed in tM presence of: ' ~ Seah ' ~ ~ ~ a~ sq ~se.n i STATE Of FlORIOA 1 couNnr oF St. Lucie Befae me p~rsonaUy appesred jil t~vA Tavl nr and (`l At~ l c~A F Tay~ or his wife, to me well known and known to me to be the individwls dewibed in and wFa executed the foregoing instrument, and acknowledged before me that they executed the same for the p~rposes Iherein e~.~.ea. ~a rn~ ~,~d Clotilde F. Taylor wlfe of ths ~aid j•~ ~ad Tavl nr o~«, s separafe and p?ivate ~ examinatio~ by me taken separate and apa?t from her said husband, scknowledged to and befwe me /Mt she executed said instrument frlely and volun- rar,ly snd without any compulian, constraint, apprehens~gp, w fear of w from her wid husba~d. WITNESS my h+nd and official seal this 7«L day of Oetober , A D. 19_bfi_ - ~ , tsry Publit in ~nd fw the State of F~f ida at larye My Commission expird: ~„/~~G O ~ yl2Rir'r~f'Toc, ' ~ ~ first fe~!d`,Ss~in~•3~tOaM1,Asiotiation . •!r :r~'~ ,-,~~_oT' ~Q'~~,~a', FILED AND fr! E~ i;. . _.,~:,,1:..;s a t°I'V~'~`. ::~b'~°- ST. LUCIE C UNTY FLA. , : t• . . : ~ECORD VERIFIEO . . r, : r , i~~ . J . \ . . . '66 OCt I 0 PM 3: 24 _ ' ~ . ~ ? 1 ~q~u ; i 0~~ C R yb'~`~~$ ~ CLER 8 ~~~~~PA ERT~O ~ . _ , - - - - - r ~-_~y - .x~.::~ >-sr+ . ^ ~ s Y~`~'~