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Home My WebLink About0760 { To plac~ +nd contin~ily ke~p on tM bui!dings now w hereaftN ~itu+b on said la~d and on all equipment and P.non+u~ covK.d by ~h~• ~na~ p~, with d) premiw~A ths~wn p~~d in full, (i~e insurance in the usual ~undard policy form, a sunn ~pprov~d by tM MORTGAGEE, and winditart~ _ in~uru~c~ in 1M u~~al Nand~rd pol~cy fam, in • ~um approved by ilu MORTGAGEE. In f~ch comp+~y w con+P+ni~s p th~ MORTGAGEE en~y dinctp ~nd all f'u~ ~nd wind»orm insur~nc~ policiet on any of said build~rps. ~ny intsrest ther~in or part thereof, in tM ~ppreys~~ wm ~for~iaid a !n ~xc~a ~Mreoi. ~ha~l contain tF+~ ~swl ~tandud mort9ay~e cl~use w iuch othe? tla~s~ u tM Matpsgee may ~puin, makinp tM los~ ~nd~+ aid po1G cia. tacA u~d ~vsrY. paYabl~ ro ~~id MORTGAGEE as its Imere~t may ~pptar, and e~ch ~r+d ~very ~uch policy shall be promptly q~:y~ed +nd deliver~d to any htld by s~id MORTGAGEE as furlM~ tecuriry to said morty~ye debt. ~nd, no~ less tMi+ t~n (101 d~yi in advanc~ ot tM ezpiration of ~~ch policy, to da liver ro s~id MORTGAGEE a ~enewal ~hereof, togetha with a ~eceipt for the pemium of tuch ~enev?~IJ u+d ther~ shall b~ oo fin or windstam tntvr~nc~ ptand on ~ny of wid buildinp~. +ny inter~st the«in w p~h thrreof, unl~s~ in tl+~ fonei ~nd wi~h th~ lou psyabl~ ai afw~~sid; ~nd in tM ~va?t ~ny sum of nwn~y becom~s p~y+b~~ undsr such polky w policiK aid MORTGAGEE ~hall Mw ~M option to receive and ~pply tM same on account o~ the indebted- ~eu secvred hereby or to psrmit isid MORiGAGORS to ~eceive and ~se it w+ny part thereof fa o~F.er purposes, wi~hovt the~eb,r waivi~g o~ ~mpair- ;np any equ;ry, l;en ot ripht unde? w by virtw of this mor:9~g~; snd in ti» ~vent ss~d MORTGAGORS ihatl fa any r~sson f~il to keep ~M s+~d prem~ses so insured, w fail ro dclive~ promptly any of iaid policies of insunnce ro uid MORTGAGEE. or fail promptly to pay fully any premium therefot w in ~nY resped fail to p~rfam, diichuge, exacuts, ~ffect, canplet~, comply wi~h and ~bide by this cove~snt, or any part hereof, said MORTGACsEE may pl+ce and p~Y for such ins~rancs w ~ny put tl+Keof without walvinp or ~ffectinp ~ny option, li~+?. pulty, a right under o? by virtw of thi~ Ma1y~~. ~nd tM futl ~mount of each and ~wry svch payment iF+~ll be irnmedi+taly dw ~od WY+bM +++ialw~~ be+? interest from tM dats the~eof until paid M tM ~at~ of nirM pN cent~m per snnum ~~d togethe~ with iuch i~tereit shall be secured b~r tM lisn of this mo~fysge. To pKmit, oommit or iufier no wasN, impairmeM w deterioration of iaid property or any psN the?scf• S. To pay sll +nd sinpular the<osts, charges snd expenses, includiap a ressonsble atto~neyi fee snd cosn of abur~ds of title, incurred or paid at sny time by taid MORTGAGEE, because or in the aveM of the failure on ths part of tM iaid MORTGAGOR w duly, promptly and fully pe~fam, d~xharg~, execv~e, e(fect, complete, canply with and abide by esch ~nd every the sY~pulat~a?s, agreements, conditioos, +nd oovenants of ~aid promissory not~ ~nd ~hii mortpays any a e~~ha. +nd sa~d costs. cMrges and e:pernes, each ~nd every. sMtl be immediately dw ~nd psyable: whether o? not ther~ b~ notice da m~rw, ~ttempt to cdkct w wit pend~ng; snd tM full amo~nt of each and evsry such payment tl?+~~ bear in~erest from the date thereof umil p~id ~t the rate of nine per centum per amwm; and all iaid costs, charges and expenxs incurred w p+id, toge~her with tuch inter~st, ahall b~ sacurcd by tM lien of tha mortpsy~. 0. fl++t ja) in the event of any breach of this Mortgaye w defauh on the pan of the MORTGAGOR, or (b) in the evenl ~ny of said wms of monry herein r~ferrsd ro be not promptly and fully paid within thirty (30) days neat after the same ieverally become due and payaW~, without demand o~ notice, or in tM eveqt each u+d evcry the stipulations. ~greements, conditions and covenants of w~d promissory note ~nd th~s matga~e ~ny or either are no1 iuly, promptly and fully performed, d~xhuged, executed, effected, completed, complied with u+d abided by, then in e7ther w ~ny such even+ tM said aQ pregste wm menYaned in said Fromiuory note then remaining unpaid, with interest xuued, and ~fl moneys secured hereby, shall become dw and pay~ able fwthwith, w theresfter, at the option of said MORTGAGfE, fvlly and complctely ~s if all of the said sums of money wcre orgin~lly at~pulated to be paid on such day, anything in said promissory note w in this Mortgsge to ~he contrary notwi~hspnding; and lhereupon w thereafte? ~t the oprion of said MORTGAGEE, without notice w demu+d, svit at law p in eqvity, therefwe w thereafter begun, may be prosetuted u if all moneys setured hereby had maAired prwt to its institution. 7. That in the event that at the beginning of a at any time peeding soy suit vpon this Mortgage, or to fwedose it, or to reform it, w to enfwce paymcnt of ~ny claims hereunder, said MORTGAGEE shall ~pply to the Coun having ju.~sdrc~ion thereof for the appo~ntment of a Receiver, such Co~rt sF~afl ~ fo~tFiwith appoint a receiver of said mortgsged property sll and singula?, incl~d~ng all and singular the income, profits, issues and revenues irom whatever wurce derived, exh and every of wh~ch, it being eapres~ly understood, is hereby mongaged as if tpec~fically set fath ~nd dewibed in the granriry and habendum clavses hereof, and such Receiver shall have all the broad ar+d effective fund~ons and powers in snywise entrusted by a Court to • Receiver, and ~uch appointment shall be made by such Court as an admi~ted equity and a matter of absolute right to said MORTGAGEE, snd without refe~enu to fhe edeqvacy w insdequacy of the vslue of the property mortgsged or to the sonrency or insolvency of said MORTGAGOR or the defendants, and that such rents, protits, intane, iuues and revenues shall be applied by suth Reteiver accordin9 to the lien or equity of said MORTGAGEE and the practice of s~th Court. 8. To duly, promptly and fully perfwm, discha?ge, execute, effect, complete, comply with and abide by each ~nd evny the stiputatio~s, agreements, conditaro and covenants in ss~d promissory note and this mortgage ut fath. 9. That in the eveM the ownership of the mortgsged premius, w any part thereof, becomes vested in s penon other than the NWATGAGOR, the MORTGAGEE, iq successon and assigns, may, w7?hout noiice to the MORTGAOR, deal with such succeua w successor in intcrest with reference to this mortgage and the debl hereby seturcd in the same manner as with Mbrtgaga withoW in ~ny way vitiating a dixharging the Nbrtgsgors' liability here- under or upon the debt hereby xcured. No sale of the premises hereby mortgaged ~nd no forbearance on the parl of the MOPTGAGEE w its successors or a:sgns and no extension of the time for the paymem of the debt hereby secu~ed given by the MORTGAGEE or its successors or su~gns, shall operate to release, discharge, modify chsnge w affect the original liab~lity of the MORTGAGOR herein, either in whole or in pari. 10. It is spec~iically agreed fhat time is of the esse~ce of this contract and that no waiver of any obligat~on herevr~jt,q~~of the obligafan se- cured hereby shsll st any time tlxrcafter be held to be a waiver of the terms hereo! w of the instrwnenl sec~red herby. . ~ ~ 11. In addiYron to the fpego:ng monthly paymtnts of priM pDl and interesr required by the promisswy no~e secwed hereay„a1Q~fg~,or'.covenants and agrees to pay to mortgagee with each monthly payment an addi~ional sum est~mated by mor~gagee to be equsl to 1/12 of the annual cdAM the;follow- , ing: ~ . - . - ~ e A-Alt real property taxes levied or assessed agai~st the above described real estata ' : _ a l ' B-Premiums on fire and windstwm insurance as herein requ:red to be carried on the improvements situats Otr !Ae st~ de3atibC~`.premifes. C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from t;me to time deem fit to carry on ~~rt'~,secured herek~y. : Mortgsgee shstl from tfine to time notify mortgagor in writing of the amount due and payabk hereunder and sqcF~,~~a~ th?{ ~e~ipd be due and payable o*~ the due date of the next monthiy payment and each successive month thcreafter ur.~i! mortgagee sh~ll no~Sf.y' moHp~~bCii p.~~nge in such ' amount. Such sums shall be applied by mwtgagee toward the payment of real properry taxes, insurance prem:ums, aifj~~mo~ty3~`.~WrL~lty insurance i i premivms. ~rftf~~ • ~ ~ IN WITNE55 VUNEREOF, the said MORTGAGOR has hereunto set his hand and ual the day ~nd year first aforeaaid. ~ ~ ~""d" ea~ ' e P"""Ce FILED A~JD RECORDED " ~ ~ ST. LUCIE COUF:TY, FL Edmar Inc. sn P - f;r_r;~~:~ ~~1F~Afte~st • ~-i. ~ ;Sr ;7 ~ ~~n _ - - - - - a --Zfi p.;~--~; ;--t?fi - - - - - - - _ _ - ~ - - ° 16~~51 ~i~ STATE OF FLORIDA COUbIf~(:C~F~RIJ~ICIE 1 HEREBY CERTIFY, That on this S~~Rday~oTCUIT COU~~nu~y , A.D. 19 6g , ~ Edmund M. Radke Doris M. Radke ~ before'me personally appeared and ~ ~ espectively ~resident and Secretary , of ~ Edmar I nc . ~ a F lor i da Corporetian, to. me ~ • • ~ ~ known to be the persons described in and who executed the foregoing instrument, and severalfy acknowledged, the.~ ~ ~ . r_ cution thereof to be their tree act and deed as such officers for the uses and pursoses therein mentioned; -arid~:~hat tkey affixed thereto the official seal of said corporation, and the said instrument is the ad and deed 'of seid c~rpocati~{. . ~ WITNESS my hand and official seal at Fort Pierce Flotida , said county an state. ` i F . . ~ , i - ~ Notary Public, in and for State and County aforefayd. ~ My Commission Expires: MOTApf PUBUC. ~TATE OF FLORfBA AT L~k:E Tf?is instrument preFared bY MY COMMISSION EXPIRES OCi. 11, ~r;, First Federa;~~' I sONDED 7NROYGH FRED rV. DIEGTELMOp~* ~av. & Loan Assn. ~ - ~ ~ ~ , ~ . ~ ~ ~ 60UK 1 r O PACE ~l 5~ 3 ,r ~ ~ ; = - Y``':~~ ,~'a:. ~ ,