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Home My WebLink About2742 To plac~ ~~d contin~oualy ke~p o~ th~ build~ngs now w h~reaft~r sitvat~ on said land and on all equipmcnt ind p~non~lly tovered by thif mw1q~ ~ ap~ w;th ~11 pemiurru thersoi? pa~d in fu14 fire in~urance in 1he usu~l sr~r~dard policy form, ~n a sum ~pprovtd by tM MORiGAGEE, and windstam IlqVfalKf in tM uswl it~ndard pol~q fum, In • ium ~pproved by tht MORTGAGEE; in wch company o~ companiei u tM MQRTGAGEE may du~ctj ~nd aN fin ~~d w~ndirorm inswanc~ policies oo any oi said bi+ild~np~, ~ny int~roif therein w part therwf, in IM s~gregar~ sum ~iwesaid a in ~xcess th~r~of, ~hall contain tM ~rsu+l ita~dud mortgaye~ ciavse o~ iuch other cl~us~ as th~ Mo?tyage~ rrwy rpvin. makinp tM lou vnda said po1F cia, tach and ~v~ry, p~y~ble w iaid MORTGAGEE as ~ts interest msy appaar, and tach and every sucA policy shall be p?omptly au:9ncd a~d delivered to ~ny hNd by sa~d MORTGAGEE as turthe~ tecurity to said mort9ap~ dabt, and, no~ ku thae ten (10) days in advanc~ ot tM expirati«? ot each policy, to da IivK to said MORTGAGEE ~ renewsl thereof, fope~l+K with a receipt fa tM pemium oi s~ch renewal; and ?her~ shslt b~ rq f'ae w windsto~m insv~a~t~ plactd on ~ny of saFd bvildeng~, a~y Interest th~rein or put the~eoF, unlea in the torm'~nd wiih the Ioss p~yable at afwes~id; and in the event any sum of enon~y becomes p~yabl~ ~~d~r wch policy a polici~s said MORTGAGEE ~hall Fuw tM option to roceive and ~pply tM sarr~ on ~ccount o~ tM indsbted~ nKS Ncv~~d ifKtby o~ to permit said MpRTGAGORS to ~Keive a~d uss it or any pan the~eoi fo~ orker purposes, w~~hout ~herebi waivi~y w~mpair- in~ ~ny pvity, IiM a riy,ht u~de~ a by virtw of this mo:tpage; ~nd in tM tveet u~d MORTGAGORS ihall fa any r~ason fail to keep ths said premiia so insured, w f~il fo delivN promp~ly ~ny of iaid policies of ins~nnu to said MORTGAGEE, ot fail promptty to pay fully eny premium therefo~ or In any re:pect fail w paform, diuha.gs, e:ecute effect, complete, compy wirh ~nd abide by this rnvenant, or any part hereof, said MORTGAGEE may pt~ce and psY fot such insurant~ or ~ny part tMreof without w~hrinp or aff~ttinp any optiww, lien. puity. or righl u~de~ or by virtw of tbia Matyay~, and the r tult artavn~ of ~ach and ~very such payment shall be immed'+arely dw and p~yabb and s!?all beu intere~t from ths d~t~ thcreof umil pa~d a~ tM rat~ ol ~ nirw pK cenrwn p~r annum ~nd toge~her wirh s~ch inreres~ shall bs iecurcd by tM I'~en of this mortys9e. 1. To pKmit, commit ot suffer no w+ste, impairment or deterior~tion of said properry o~ ~ny part thereof. S. To p~y ~II and sir?9vlu the <osri, ch~r~es ~nd expenses, incl~dirg a reaso~able +ttwney i fee snd costs of abstracri of tiNe, incurred w paid st any time by s~id MORTGAGEE, bacavse or in rhe avent of ehe failu~e a+ the part of tM s~id MORTGAGOR to duly, promptly and fully periam, d~scharpe. execute, ~ffect, compkte, comply with and ~b:de by each and every the itipula~ions, agreements, condi~ionf, +~d covertann of said promiswry note and ~hi~ mort~ay~ +ny or e~ther, and sa~d cosrs, charpes and expc~ses, each ~nd eve.y, tMll be immed~~tefy due and payablr, whethei or not thcrs be notice d~ mand, attempt to coUect w suit pendirg; ~nd the full ~rnounl of each and every such paymem sMll bear interc~t from the date thereof until paid at the rare of nine per c~ntum per annum; and all said costs, charges and expensea inturred or p~id, together with such interett, shall b~ aetured by tM lien of thu nwrtpy~. t s. Th~t (a) in the event of any Mesch of this Mortgsge w default on tM psrt of the MORTGAGOR, or (b) in the event ~ny of ssid iums of monsy 1?aein rtfened to be not prompny and fully paid within thirty (30) days next afte~ the same severatly become due and payable, without demand o~ notice, or in 1M ewnt exh ~nd every ~hc itcputarions, agreements, cond~tions and tovenints of sa~d p~omissory note and th~s mortp~ge any w either are not ~uly, promptly and fully pe~formed, d~scharged, executed, effected, completed, compGed with and abided by, then i~ e~thQr a sny such event ths said ag~ pre9,~t~ wm mentionsd in said promiuory note then remaining unpaid, with irocrest scuued. and all moneys secvred hereby, thall become dw and pay- eble forthwith~ or tlxresftc~, at the option of said MORTGAGEE, as iully and completely as if sll of the wid sums of money were or;yinally ttipulated ro be paid on such day: anythirg in sa:d prom~ssory ~?ote w in this Mongage to the contrary notwi~hstanding; and ~Fxreupon p thcresftcv a1 ths option of said MORTGAGEf, without norice or demand, suit af law or in equity, the~efwe or the~eafter begun, may be proaecuted as if all moneys ietvred hereby had mitured pno? to in institurion. 7. iF~at in the event that at the beg;nning of w at any time pend~ng aoy suit upon this Mortgage, w to fweclosa it, or to reiwm it, w to enfwce payms~t of any ctaims hereunder, s~id MORTGAGEE shall apply to the Court having jvrisdicrion thereof for fhe appo~ntment of a Receiver, such Coun yha~~ - FortFiwirh appoint a receiver of ssid mortgaged propeAy all a~ singular, includ~ng all and aingular the income, profits, issues and revenues from whatever sourc~ derived, each ~nd every of whKh, i~ being expressly unde.stood, is hereby mor~gaged as i( fPlCiI1CiI~y set fwth ~nd dcscribed in rl+e granring ar?d habsndum clauses hereol, and such Receive~ shall have all the broad and effecRive funct~on: and powers in anywize entrusted by a Court to a Receiver, and ~ ~uch appointment shall be made by such Court sa an admitted equity and a matter of abso~ute right to said MORTGAGEE, and witlwut re~erence to the adeq~~cy w in~deq~acy oi tAe wtue of tl+e properfy mortgaged or fo the wnrency or insolvency oi u~d MORTGAGOR w the defendants, and that svch rents, profin, incort~e, issues ~nd revenues sF?aIl be applied by such Receiv~r accordin9 to the lin? or equiry of taid MORTGAGEE and the practice of such Court. 8. To duly, prompHy and iully perform, discharge, execute, ef(ect, compkre, comply with and abFde by each and eve?y the stip~lations, egrermenri, co~ditions snd covenu:ts in sa~d promissory note and this mo?tgage set forth. 9. That in the event the ownership of the mortgaged premises, or any psrt thereof, become~ vested in a penon other fha~ the MORiGAGOR, 1he MORTGAGEE, its wccesson and au~9ns, may, without no~ice to the MORiGAOR, deal wifh such successor w svccessor in interesf with reference to ~his morlQaQe ~nd tF+e de61 hereby secured in the same manner as with Nbrtgagw withovt in any way vitiatirg or discha~ging the Mwtgagors' lisbility here- under or upon the debt hereby secured. No sale of the premises hereby mortgaged and no forbearance on tF?e part of the MORTGAGEE a its successon w+ssig~s and no exre~sian of the time for the psymem of the debt hereby secured given by the MORTGAGEE or its tucceuas or au~gns, shall operate ~ ro ~etease, d~schar9e, modify change or affect the original l;ab;l~ty of the MORTGAGOR herein, either in whole w in part. 10. It is specificalty agreed rhat time is oi the esserxe of this contract and that no wa;ver of any obligation here~nder or of ths obligation se- ` a.red hereby sMll st any time the?eafter be hetd to be a waiver of the terms hereof p of the inavumeM setured herby. + 1 ddrtion to the faego:ng mon!hly paymeNS of p~inc'pDl and interest requirod by the r ' , gor covenants ! and agrees to pa ortgagee with each monthly payment an addirional sum estimated gagee to be equal to 1/12 of the annual cost of the follow- "'g` s a-au real properfy tsxes kv~ed or ed a' e above described rea! estate. B-Premiums on f~re and windstorm ' nce as ~red to be carried on tfie improveme~ts situate on the above described premises. ~ C-Premiums on such guaranty insurar.ce as rtwrtgagee s to time deem fit to csrry on the ban secured hereby. i Mortgsgee sh om time to time notify mortgagor ~n w~iting of the amovnt d~e a f~ercunde? and such sum shatl thereupon be due snd payable on t ve date of the next monthly payment and each successive month thereafter urtil mortgag if mortgagor of a cha~ge in s~eh amount. h s~ms shatl be applied by mortgagee toward the payment of real property taxes, insurance prem:vms, and mw g r nce p~e ' ms. IN WITNESS WHEREOF, the ssid MORTGAGOR has hereunto xt his hand and seal the day and year first aforesaid. Signed S~akd detivered ' presmce of: . ~ n d`~ 6'R/~ _-1~ean (Se~~ (SeaQ (Sea1J STATE OF FLORIDA ~ St. Lucie u' couNnr oF e.f«• me p~npnally appeared Pr i mu s htooz e, a s i nq le adu 1 t X~ l~~~, to me well known and known to me to be Me individwl~ deurib~d in ~nd who •xccuted the forefloing instrument, and acknowledged befwe me that ~he~ executed the same tor the purposef thereie~ ~xpr~ssed. 7~_ ~wifl[~rar+.b+r . ~ ! f'~OOi[M~C ~ X~R»dc mLiCXKIfr WITNESS my Mnd ~nd offic;~i ~eal thfs_ -1~ day of M h /l. D. i9 ~'8 Notary Pvb~~c in • (or the Srare of Florida •t larQe R~fwn iw MY Comm~ssion e~cpitei: / O-~~.'7 ~ fu.~ ?.e...? s.~~~. a ~a~ ~,.«,ar.o~ F~~EO aND RECORDEO'• ~ur nsue. sr~~E ~F ftawu? o~ ro.r o.~.ce ST, I.UC~E COUNTY. FL~COMMISSION EXPIRESOCG 1~11 Forr P,erce. ilo,~da „t~--. ~^!=`~(1 •oN~eo t~~ouaM •w[o w. o~tsys~MOw~t . . _ . 1651~3f~ - This instsument prePared by ,6~ ~ ~ 4 ~ ~Q : yl . _ , = Ficst fedtral Sav. b= ean Assn. _ P1e t , , R S ' ~ . . . ` g~ CLERK CIRCUI? COURT - • ~~Rx 1 iU ~~130 , : t : : - , ~