HomeMy WebLinkAbout2311 3. To plx~ ~nd continuously keep on the buildings now ot htre~ittr ~itvate oe+ said I+nd and on all equipment and p~non~lly covtr~d by thit matq-
ap~, witA dl premi~~n! therea~ pa~d in fvll, f~re insu~ance in the usual sanderd po1Ky form, ~n • sum approved by the MORfGAGEE. +nd w~nditwm
inivrance in tM usu+l ~~anda~d polity fam, in s ~um app?oved by the MORTGAGEE, in svch company or companies ~s the MORTGAGEE msy
dir~ct; and all fir~ and windsrorm insuronc~ policies on +ny of said build~n~s, any inter~~~ therein or part thereof, in tM a9gr~g+r~ ium ~for~~aid w
In ~xc~u thaeof, shall com~in ~M vswl standard mor~gagae clsuse w:uch otha clauie +s tM Mortgsgee may req~~n. m~kinp tM loss ~nder said poli-
c'~, e~ch e~d every, paysbl~ to said MORTGAGEE ai iq intereit may appaa~, and each ~nd every ivch policy shall be promptlY ~ss.9ned and delive~ed ro
~ny held by said MORTGAGEE ~s further ucurity to said mortgs9e dcbt, and, ~+ot le:~ tMn ten (10) days in adv~nce of the expiration of each policy, to d~-
IivM to iaid MORTGAGEE a renewal thereof, toyelha with a receipt (w the premium oi tuch renewat; and there shall bt r+o fire a windsto~m insu~ance
pl~ced on ~ny o} taid b~~ildings, ~oy i~terett therein or part thereot, unleu in the fani ~nd with tht lou p~yabte as aforesaid; and in Ihe event any sum
of money becoma p~yable under such policy a policies ~id MORTGAGEE shall haw tl+e oplion ro receive ar+d apply the iame on accounl o~ Iha indebted-
neu secvred hereby o~ to permit ssid MORTGAGORS fo rKeiva snd uss it oa any parl thereol fw othcr purposes, without Ih:reb~ waiving or ~mpair-
irp anr p~;ty, IiM or right u~der w by vinw of this moz.ysge; ~~d in the event said MORTGAGORS ihall fw any reason f~il to kcep the said premiset w
insured, or fail to delive~ promPtly ~~Y of said polrcies of insunnte 1o said MORTGAGEf, or fail promptly to pay tully sny premium theretor or in any
reipect fsil ro pe~fo~m, discharge, exec~te, effed, complete~ comply with ~nd abids by this covenanl, or ~ny pan hereof, said MORTGAGEE may place and
paY for tuch insurancs w ~ny paM thereof without walvielg or affectirq any option, lien, equity, o? right under a by virtue of this Matga9e. and the
full ~moum of each and evay such payment shstl be immediately dus and pay+ble ~nd shall bear interest from tM date thc~eof until pa~d a1 the rat~ 01
nine pa centum per ~nnum and to~etF?e~ wifh such interest shall be secured by tha lien of this mwtgsge.
1. To pKmit, tommit w suffe~ no wast~, lmpairment or deteriwation of iaid property o~ any pa?t thereof.
S. To pay ~II and singular the tosts, charges u?d expenus, includin9 a ressonable attwr?ey i fee and costs of abstrstts of titte, incurred or paid at
any time by said MORTGAGEE, becavse or in the event of the failure on the part of the ssid MORTGAGOR to duly, promptly +nd fully perform, dixharye.
execute, effett, complete, comply with and ab+de by each ~nd every the stipulations, agreemcnts, conditions, and covenants of uid promiisory note and thii
mortgye any a ei~F+a, and said cosrs, chuge~ snd expcnaes, cach and wery, thsll be immediately due and payable; whefher w not there be not~ce de
mu?d, atfempt to collect w suit pending; and the full amount of esch and every wch payment sl+all bea. interest from the date thereof until paid ~t the
rate of nine per tentum per annum; and all iaid costs, charges and t:penses incurred ot paid, together with suth inttr~sl, shall be setured by the lisn of this
mortps~.
A. That in the event of ~ny breach of tha Mortgage or default on the parl of the MORTGAGOR, a(b) in the event any of iaid s~ms of money
herein referred to be not promptly snd fully paid within thirty (30) days next afte? the same uve~ally become due and payable, wi~hout derr»nd o? notice,
or (d in the eve~H exh snd every the stiputations, agreements, conditions and covenann of sa~d promissory note and this mortgage any or either are not
~uly, promptly snd fully perfamed, d~scharged, executed, effected, completed, complied with and abided by, then in either a any such event the isid sg
preg+te wm mentioned in uid promiuwy note then remaining unpaid, with interest accrucd, and all moneys setured hereby, shall betome due and pay-
able fwthwith, w thereafte~, at the option af said MORTGAGEE, as fully snd completely as if all of the sa~d iums of money nrcre aginally stipulated
to be paid o~ such day, anything in said promiuory ~+ote or in this JNortgage to the cont?ary notwi~hstand~ng; and thereupan w thereafte~ at the option of
said MORT6AGEE, without not~ce w demand, suit at Isw w in equity, therefwe ot tFKreafter begun, may be proxcuted ai if all moneys secured hereby
had matured pnor to its irotiturion.
7. That in the event that at the be9~nning oi or at any time pending aoy suit upon this Mortgage, or to faeclose it, or to refam if, a to enfwce
payment of any claims hereunder, said MORTGAGEE shall apply to the Cou~t having jur~sd~ction thereof for ~he appo~ntment of ~ Receiver, such Court shall
fwtFiw:th appoint a receiver of said mortgaged property all and singular, includ~ng aU and singutar the income, profits, issues and revenues from whatever
wurce derived, each and every of which, it being expressly undersrood, is hereby mortgaged aa if specifically xt fath u+d desuibed in the granting and
habendum clauscs hereof, and such Receiver shall have all the broad snd effective functwns and powers in anywise enfrusted by a Court to a Receiver, and
such appointment shall be made by such Gourt as an admitted eqvity and a maner oi absolute right to said MORTGAGEE, and without refe:ence to the
edequaty or in+dequacy of ths value of the p~ope~ty mortgaged or to the sotvency w~nsolvency of said 1NORiGAGOR a the defendants, and that such _
rents, profits, income, issues and revenues shali be applied by such Receivcr accord~~~g to the lien or eqvity of said MORTGAGEE and the practice of such s
Courf' f
8. To dvly, promptly and fully perfwm, discharge, execute, effect, complete, comply with and abide by each and every the slipulations, agreements, i
conditaro and arienann in said promissory note and this mo~tgage set forth. f
9. That in the event the ownership of the mortgaged premises, or any part 1Fxreof, becomes vesfed in a person other than ihe MORTGAGOR, the '
MORTGAGEE, iri successon and assigns, msy, witha~t notice to the MORTGAOR, deal with such successw a successor in interest with refcrente to thi~ ~
mortgsge and the debt hereby secured in the same manner as with Mortgagor withoue in any way vitiating a discharging the Mortgagors' liability herr
under or upon the debt hereby secvred. No ule of the premises hereby mortgaged and no forbea~ante on the part oi the MORTGAGEE w its successors
or ~ss'gns and no extension of the time for the paymem of the debt hereby secured given by the NtORTGAGEE or its successors a auigna, sh~ll operate
ro releue, discharge, modify change w affect the orig~nal liab~l~ty of the MORTGAGOR herein, either in whole w in psrt.
10. h is specifically sgreed that fime is of the esxnte of this contract and that no waiver of any obligation hereunder pv bf the obygMi!vS'se-
cured hereby aMll at any time tF~ereafter be held to be a waiver of the terms hereof or of the instrument secured herby. i.>••
11. In add~tion to the (wego:ng momhly payments of princ'pDl and interest required by the promissory note secured hqreb~y,r+~iorigaAor covDtwnts
and ag~ees to pay to mortgagee with each monthly payment an add~iional sum est~mated by mortgagee to be equal to 1/1Y of t~e arir~al cost o~'tFie foljpw- .
irg: _ • _ ~
'I A-AO real property taxes kvied or assessed agaiost the above described real estate. ...y ' J~' ;
i B-Premiums on fire and windstorm insurance as here~n requ~red to be carried on the imp~oveme~ts s~tuate on the abovbd~scri ptemises.~ e
,
G-Premiums on such mortgage guaranty insurance as mortgagee shall from t~me to time deem fit to carry on the loan iYC~ed.~iel~y t;^. '
Mortgagee shall frdm time to time notify mortgagor in writing of the amount due and payable hcreunder and such wm shnll ~hergirpwp.lre "dde and
payable on the due date of ~he next monthly payment and each successive month thereafter urtil mwtgagee shall notify mortgago/,~of ~ jth~,i~ga~ in such
~ , t~
~ amount. Such sums shall be applied by mortgagee to~+vard the payment of real p:operty taxes, insurance prem.ums, a~xl mortgage' guaranty insurance
premiums.
~ IN WITNE55 REOF, tt~ uid RTGAGOR has hereunto set his hand and seal the day and year first afwesaid.
~ Signed. Sea ed e of:
l~t.~ F.dmar~ Inc_ ~seary
~ ~y ~ ~ .ho~~i../~. Pr~y
Attest: - •E' ~k~ Se~.e4
STATE OF FLORIDA COUNTY OF ST. LUCIE
I HEREBY CERTIFY, That on this day of March a_, A.D. 19 ~'8_,
before me personally appeared Edmund t~:. Radke and Do2'is M. Radke '
i
respectively President and Secretary , of
, a Corporation, to me
~ known to be the person,5„deuribed in and who executed the foregoing instrument, and severally acknowledged the exe~
cution thereof to b~e lheG.#r~j ad and deed as such officers for the uses and purposes therein mentioned; and that they
~ affixed thereto`tb~-d~ficial seal af, said corporation, and t e said instrument is the act and deed of said corporation.
~ ' ~1 ( Y% ' y -
~ WITNESS my haAd 'and officiat seal at Fort Pierce , said counfy and state.
~ _ . ,3 ' ? _ - - J -
~ v'"' Notary Public, in and for State and County aforesaid.
~ My Commission Expires: ~oTA~r ryYUC. =TATE OF FLOtIPA AT LA~iE
~ ` MY COMMISSION EXPIRES OCi. 197
~ FILEO AND RECORDEG~ ~aMOCO TMROypN rwco M, DI[ST[LNOqlT
~ :
~ ST. LUC1E CQUNTY. FLA. ~
~ • T~'S tns'trtir;t°:tt ~r~:~te~ ~1 '
~ , ~ .L64911
~ Fti~t FEL°!iJ ~3/.,Rt ~~~~1
~ ~o~ ~~~~z ~~?~-i.2 ~se t~w~~R~ y a~t i ~ : 2e ,~~"1
} . ~
~ By --~:---c~rs-~a~n.
~ _.:_i: ~ U; ~ s~+•5 rb
CL~RK C~RCUIT COUR7 ~ B00K1~~O PAGEGJO~
j`( ~ , " " _ . ~y
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