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Home My WebLink About1752 . . 3. TO dK~ ~rld continvousM kKp on th~ build'up~ now or lwnait~r situa~~ on said lud u~d on all equipm~nt ~nd p~+sonally cowr~d by this wiwt~ ag~. with all pr~eniums ~hereon pa~d e'n fvll, fin intuanc~ ir? tM vw+l sundard policy form, in ~ sum +pprowd by the MORTGAGEE. and wind~rorm inswanc~ in tM vswl ~undard pol~cy fwen, ' in • iwn +pprov~d by tM MORTGAGEE. in wch comp+ny w compaeies a tM MORTGAGEE m~y t directp and +11 ik~ and wu~dstorm imwance policies o~ +nY of s++d b~?iWh~ya ~ny in~erest thercin w paN thsrwf, in tM +ypre9aq wm ~fo«said or In ~xctss thereof, ihall conqin the utwl uandard murtqsp~a clws~ a iuch alwr clws~ u tM Morlya~ee m+y rpuir~. m+ki++p iM lou ~nder sa~d pdF cias, each ~nd ewry. paYabt~ w s+id MORTGAGEE ~s ip interc~t en~y app~ar. uid each and ~very s~ch policy ~hatl b~ p~omptly su:yned ~nd delivtred to •+,y hdd by said MORTGAGEE as further sen+rity ~o said mortyay~ debt, and, not kw ~Mn ree (10) days in advance of tM ~xpir~Yan of e+ch pol~cy. to de t~ver to s+id MORTGAGEE • r~newal tMr~of, top~tFwr with • ~eceipt for the premium ot tuch renewal; ~nd ~her~ shsll b~ no f~rs w windilwm i~v~+nc~- plac~d on ~ny of said buildinpt, ~ny inta~at tl»rein w p+rt thereof, unleu in tF~e fwm ~nd w~~h tM loss pay+bte as atortsaidr snd in the event any swn of nwMy becoma paYaWs w~d~+ such policy or po~icas s+id MORTGAGEE shall Mw th~ option to ~eceive snd apply the same on scco~n~ of tM lndebred- neu secured her~by w b pa~mit said MORTGAGORS to rsceiw and uk it p ~ny pa~t thereof for othe~ purposes, without 1he~eb~ waiving u~mpah- ing any puity, !irn o~ right unde? at by virws of this mort9spe; and in 1M ~vee~t ~a~d MORTGAGORS shall fw any reason fail to keep the s+id pramises so ~~:urr,d, a fail fo deliwr promptly any of said policies of inswant~ to said MORTGAGEE, a iait promptly to pay fully ~ny premium therefw w i~ any respect fa11 b pafam, discharga, ~xecvte, effM, complett, tomply wi~h ~d sbi.le by this tovenanl, p any part hereof, said MORTGAGEE may p~+cs +nd pay fw iuch iriwrancs w ~ny pirt thersof without w~ivinp w affoctinp ~ny option, 11N+. equ~ty. a ripht ~nde~ w by viAw of this Mat~sge, and the fu11 amoue~ of eacA ard ~wry such payment shall be inwnediately dw ~nd pyable ~nd shall bear inserest from ths dat~ thcreof un~il paid ~t th~ rate ol n~ne per centum psr annum and together wi~h wcA interest shall be secured by the lier~ of this mortgage. 4. To permil, commit w suffar no wut~, imp+irment w dataio?ation of said property or any psn thereof. S. To pay all snd uapular th~ costs, charqss and e:penies, includinp a ressonable attorneY's fee and cosn of abst?acts of title, incuned o? paid ~t any time by said MORTGAGfE, becaus~ or in th~ event oi the failur~ on tF~e psrt of the s~id MORTGAGOR to du1y, promptlY +od fullY pertorm, d~sch+.g~, execute, effect, complNe, comply with and ~b+de by each and every the stip~lations, agreements, conditions, and covenants of sa~d promiuwy note and thi~ mortgape any a ei~he~. and sa~d cosn. chuges ~nd expanses. each and every, sMll b~ immediately due and pay+ble: whefher w oot there be r.orice de ' mand, attempt to collect or suit pendingj and the f~ll amount of each ~nd evMr such payment shall bear interest from the datt t!?creof untif paid ~t the ratr of ni~e per centum pe~ arowm; and all said oosri, tharges u+d expenses incurred w paid, togetha with such iMetest, si?sll be secuted by tM lien of thif morfQs~. Q ihat (a) in the evenl of any breach of this Mortgspe or def~ull on the part of the 1NOitTGAGOR, a(b) in tM event sny of ssid swns of maay herein referred to be not promptly and fully paid within thirty (30) days next afte? the same severally become due and payabk, wi~hout dem+nd or notit~, o. (c) in tM eveM each and every tM stipvlations sgreements, conditans and coven+nts of ssid promissory note and this mortpa~ any w eithe? are no1 iuly, prq~ptly snd fully performed, d~xharged, executed, ~ffected. completed, complied with and abided `~y, th~n in ei~her or any such ~wnt the said sg gregate wm mentioned in s+id promissory note then romaininp unpaid, with inte?eit ~ccrued, and all moneys secured hereby, sMll beC~ane dw snd p~1F ~ abie fwthwith, O! 1F1lfhftN~ ~t the option of said MORTGAGEE, u fvlly and complefely as if all of the wid wms of mooey we~e orip~nally stipvlated to be paid on such day, s~ythinp in said promissory oote w in this Mwtpage to tht tontnry notwithstsndi~g; and thereupon w thereafter at tM option of ~ se~d MORT6AGEE, w~rhout not~ce a demand, suit at law w in puity~ 1F1lflFOf~ Of 1I1lfNftH ~Yf4 fMy I7Q pfOkCtllCd +s if mo~eYa sea+red hereby ~ had maWred prwr to iri institution. - 7. That in the event that ~t the beginning of or at sny tims pending sny wit opon this Mortpage, a to fo?eclose it, w to rofam it, or to enfwc~ payment of any claims hereunder, said MORTGAGEE shall spply to the Court having jurisdation therwE for tFK appointment of ~ Reteiver, such Court shall Forrhwith appoint a receiver of said mwtgaged property al) snt! sinpulu, inclvd~ng all and sinyular the income, profits, issues u+d reve~ues f~om whatever source derived, each and every of which, it being txpressly understood, is hcreby matgaged as if apecifically set fwth and dewibed in the prantinp snd habendum clauses hereof, and tVCI1 RKlIVN SMII MVQ ~II 1{1! ~Oi~ ifld effective funcuons a~d powers in anyw~se entrusted by a Coun tp s Receivtr, ~nd :uch appointment shall be made by such Cowt u an ~dmitted equity and a m~tter of sbsolute right to said MORTGAGEE, u~d without reference to th~ edequacy w inadequaq of the v~lve of the property matgaged or to the sonreocy w in:otvency of said MORiGAGOR or the defendants, aed that such rerns, profin, income, iuues snd rwenues shall b~ applied by tYCF1 RlCOiVN KMf~Ii~ 10 1FIQ IIM Of lQY11y Of said MORTGAGEE and the practioe of such COUft. . ~ s. ~ 8. To duly, promptly and fvlly perform, discharg~, execute, effect, tomplcte, comply wilh and ab~de by Ach and evety the stipulations, sgreeme~b, cenditions a~d covenants in said p?omissory ~+ote and this matgage set forth. ' 9. That in the event the ownership of the mwtgaped premises, or any prt thaeof, becorr~es vested in a person other than the MORTGAGOR, ths MORTGAGEE, in wccessors and assiy~s, msy, withovt ratite to the MORTGAOR, deal with svch suttesso? w sutcessw in imerest with ?eftrente to this mo~rgage ~nd the debt hereby secvred in ths same manner as with Nbrtgagw without in sny wsy vitiating or disch+rging tF~e Mortgagors' lisbility here- under w vpon 1he debt hereby secured. No s+le of the premius hereby mortgaged s~d no fabearance on the pan of the MORTGAGEE or iti successon or asstgns and no extens~on of the time for the psyment of tF~e debt hereby secured yiven by the MORTGAGEE w i» successors w eu~g~s, shall operate ro release, dixharge, modify thange or affect the oriyinal li~biliry of the MORTGAGOR herein, either in whole or in put. 10. It is specifically agreed that time n of the essence of this contract and that no waiver of any obligation hereunde~ w of the obligat'an se- cured hereby sMll at any time thereafter be held to be a waiver of the terms hereof or of the instrurnent secured herby. i 11. In addtion to the forego:ng monthfy psyments of princ'pal and interest reqvired by the p~omissory note secured hereby, mortgagor covenants ' a~d agrees to pay to mort9agee with each monthly payment an additanal sum estimated by mortgagee to be eqwl ro 1/12 of the annoa! cost of the follow- ~ ing: A-All real property taxn levied or assessed against the above described real estate. ~ B-Premiums on fire anr! windstorm insvrance as herc7n requked to be carried on the improvements situate on the above desaibed p?emises. ' i C-Premiums on such mortgage guaranty insur~nce as mortgagee shatl from time to time deem fit to carry on the loan secured hereby. Nbrtgagee shall from time to time ratify mortgagor in writirg of the amouM due and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due date of the next monthly payment and each successive month thereafter urtil mortgagee shalt notify mortgsgor of a change in such ~ a~-~bunt_ Such sums sha10 be applied by mortgagee toward the payment of real property taxes, inwrarxe prem~~ms, and morigage guarsnty insursnce premiums. . IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hsnd and seal the day s ar fjEst sf 2 ' ned, kd a~~deliva N~e esence of: ~ / ~T z 4 ~ ~-n - STATE OF FLORIDA ~ St. Lucie CUUNTY OF Befwe me penorwlly appesred I-orin N. Garrett ,,,d ' Kathleen B. Garrett # his wife, to me well known and krawn to me ro bs ~ the individwh described in and who executed the forepoirg uutrument, and adcnowkdged befwe me that they executed the same for the purposes rherein expressed. And the sa~d Kathleen B• Cic1ZY@tt wife of r~ ~~a Lorin H. Garrett ,,~,.,r~ P,;~.,• u exam~nation by me taken scpsrate and apaA from her said hvs nd, atknowledged to +nd before me that sfis e:ecuted said irutrument freely and volvrr ra-~ly and w7tho~rt aMr compulsiw?, consnaint, spprehemion, eu of or from her s~id iwsband. WITNESS my hsnd snd official seal thi~ day of Au S t A. D. 1967 - . ~ l~ _ . ~ Notsry Pubtic ie ~nd fw the State of Fbrida ~t la~~e J~ • My Commiuion expir , - ~ ' Retum Ta ~1? State ~t Flor.da ai lar~e { F~~ f~der,1 s.~~s a to~ ~ssoc„r~ M~r Commission E:pires No~. 3. 1969 f Of Fort Pierte. ~O'd'a t~ a~+~r G. w~+pP ~pRO~LA. . , ~ ~ COUNTY. ~ . ~ V - ~ ERIFIE~ _ ~ ' ' , ~R _ : ~ . : 15881'7 - - = ~ ~ ry 1 • . p~ 5 4, : ~ • q. _ = _ti,~ ~ AU~ ~ ' " . Z t? iT_ ~ 11 . '9~ C;~~ Lrt~~ , • " - ~ f~Q~~R i Q~T COURS . CI.E~~ CIRCUI7 . 0 R ~ ~ s~K 167 ~~E3.752 ` ~ ~ , - . t t - - - . ~ ~ - - - - - - ~ ~ _ ^ ~u„~ :