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Home My WebLink About2175 , i i f ! ' 7 . ' 3. To plac~ ~nd con~inuou~ly ko~p on tM buildir+ps now or F+~reaft~? sitwt~ on iaid I~nd a~d on ~II equipnK~t and pKw~+ally covsr~d by th(s mwp~ p~, with ~II premivmt ihKwe p~id in full, tin insuranu in the uswt sru+dard poticy form, ~n a swn ippowd by tM MORTGAGEE, ~nd wi~dsto.m 7nswu~u in ?M uaw) st~nda.d pol~cy fam, in a ~um approv~d by ~he MORTGAGEE; in wch company a canpini~s a tFx MORTGAGEE eray dirKt: a~d ~II fir~ s~?d wiod~torm iniur~~u politiet on ~ny of s+id build~n~. sny tnMrtat tha~in or puf tMreof, in t?k pqreyart su~n afo~yaid or in ~xc~u tMr~of, ~hsll contain rlw uswl itandud morty~pK clauis a such otM. claus~ u tM Maty~qe~ may nquu~. m~?inp th~ bss ue~? ~aid pol} cia, each u~d ~wry. p+YSbl~ w s~id MORTGAGEE as iq interest r.uy app~ar, and e~ch snd ewry ~uch policy ~hall be promptly ~ss:9ned and d~liv~red to ~ny MW by s+id MORTGAGEE ~s fwthe~ ~ecurity ro aid mortp~ye debt, a~d not le~s thsn t~n (10) dap G+ idvanc~ of th~ expiration of ~ach policy. to dr liwr to uid MORTGAGEE ~ r~wal ther~of, topetM~ with a ~ec~ipt fw ~hs p~~mium of tvch ren~walj ~nd thK~ sMll b~ no fu~ w wii+dstam inwr~nc~ pl~ad on any of s~id b~ildiegs, ~Mr interest tMrtin a part tF+~reof, veless in tM fonn'u~d w~~h ~M lou payabl~ u dor~s~ids ar~d in the ~v~~t any sum oi nwn~y bec~ome~ payabf~ ur~dK wch policy a polici~s said MpRTGAGEE sAall haw th~ option to r~caive u~d ~pply th~ su~ on ~ccounl 01 th~ indsbt~d ~NSt taw~d hN~by ot ro ptimit ~id MORTGAGORS to receive ~nd us~ it o~ ~ny pa~t si~ereof fw othe? purposes, without thercb/ waivi~y w unpair- ieg anY pu~ty. li~n or ri~h1 unde~ a by virtw of thts mortpa~~s ~nd in t!N ~vent said MORIGAGpRS shall fa sny r~awn f~il ro ke~p tM aid pr~mise~ io insurad, or fail b deliwr ~xomptly any of said policies of in~unrxs W s~ia i~10RTGAGEQ a fail promptly fo psy fully anr p?emiwn tl~efp a in any r~ip~et fail b paforn~, d'nchsr~, ea~cut~, ~ffec1, compl~te. comply with se~d ~bid~ by this covanant, o~ any put hereof. said MpRIGAGfE may plx~ and paY far wd~ imwane~ ot any p~A tMreof without walvirg w aff~dinp ~ny opti~.Z, li~e?. pvity. a riyM ue?dK or by virtw of thii Mortya~~, and tM full ~mount of each ~nd twry sucA paymsnt shill b~ imm~diatey dw and p~ysbl~ ~nd sA~ll b~~r intereat from tM dat~ tF?~reof until paid a~ th~ rat~ ol ~irw pK tentvm pK a~num and together witfi wcA ieterest thaN be setured by tM lien of this n~ortpape. 1. To psmiit, ooenrtut or wffa no waste. impaLme~t a+deterioratan of said prq;.-rty or ~ny paA thereof. 5. To pay a!! and sirgular tFw.cosh, thupa uid ~xp~nses, includinp a reaso~?~ble anwney s fee ~rd cosn of abitr~cts of title, iecurred or p+id at any t~ br wid MORTGAGEE, becaus! or in tF+e evMt of the failuro o~ the put of tM ssid MORTGAGOR to duly, proeriptty ~nd futfy periorm, diuha~g~, exetvt~, ~ffau, oompktt, comply with ~nd ab~de !~y ~ach aod every tM stipvl~t;ons, agreements, conditions, sed coweants of s+id promitw?y note and thi~ mort9ap~ ~ny ot eithe~, and wid costa, cMr9es and ~xpen~es. each and every, sh~ll b~ immediately dw se+d psyabk: whether or not there be notice d~ msnd. ~»empf to collect or wit p~ndiny; and tM fvll amount of sach ~nd wery sixh paymtnt shaH be+. intere~t from fhe date thereof until paid ~1 tFK .ate of nins per ccntum per annum; and all said cdsts charyes and expenses incwred or pskl, topether w~th wch inttrest, ~11 b~ secured by tl+~ IiK? of thu ^+ort9+p~• a ih~t in the •ven~ of any b.each of ~Ms Mo.ry~~ or defauh w? r1,. par~ of rhe MORTGnGOR, .or (b) in the event any of ~a~d swns of ~non~y herein r~?sr~ed to be not promptly snd fully psid within thirty (30) days ~ext after the same xverally become due a~d p~y~bk. without demand a notice. or in tM ~wnt each and ~very the stipulatioi?s sgreemer?n, conditiau a~d toven~nts of sa~d p~omiuory note and tFus matp~ye any o~ either u~ ~w1 ; iuly. pompt~y ~nd futtY pt~form~d, dlxharged, executed. ~ffected. completed, compl;ed with and abided by, then in either or any s~ch ~v~nt tF+e aaid a~ 9res,~t~ wm mentioeNd in s~id promissory note then remainir+p unpaid, with interest ~cuued, and all moneys iecured hereby, shall becomt dw +nd pay~ able ionhwith, a thKeafter, st the option of said MORTGAGEE, u fuly ~nd completety ai if atl of the said wms of rta~ey were aiQinally at;pulated ro be paid on such day, snythirg in said promissory note or i~ this Mortgage to the contrary notwithsqnding: and the~e~pon a thcreafter ~t tM option of •aid MORTGAGEE~ withwt ratice or dem~nd. wi1 at lawr or in puity tANtFOfQ Of 1F1!lNf1H beyun, may be prosecuted ~s if all morKys ~ecur~d hereby had matured pr~or to iri iestiWtion. 7. Thst in tl+~ ~vent that at fhe beginning of or ~t any time pendi~g soy suit upon this Mortgage, or to forecloss h, o? to roform it, o~ to enfwp payment of any da~ms F~eunda, aid MORTGAGEE shall spply tp the Carn having jur~sdrctio~ thereof fa the ~ppamment of a Receive?, such Cowt sMll fortFiwith sppoint • roceirer of said mort~ayed property all end sirgutar, intlud~ng all ane+ s~ngular fhe incwns, proi;ts, issues and revenues from whaqver wurp d~rived. eath ~nd tvery of which, it beinp expreasly undcrstood, is hcreby rtw.-yaged u if spetifitally set forth and described i~ tM prantirq and haber~dum d~vs~a hKeof, a~d such Receiver sMll have ~II the broad and effecrive furxt~ons ar~d powen io anywise cntrvsted by ~ Court to a Receiver, are3 ~uch ~ppofntm~nt shall be made by wch Court as an ~dmined eqvity and s matter of absolute right to pid MORTGAGEE, u~d withoul referente to ths edeqv+cy o~ in+dequxy of the v~lve of the property mort9~ed or to tne sonrency w~nsotvency of said MORTGAGOR or the defendants, a~+d ~hat such rents, profin, income, issues and revenues shaN be applied by such Receivcv accwdirg to the lien or eq~ity of said MORTGAGEE and the practice of sutA CouA. 8. To duty, promptly and fully perfo?m, duharge, execute, effect, complete, comply wirh s~d abide by e+ch ~nd every the stipulations, agreemeen, conditiora and coven~ms in sa~d promiasory note a~d this morrgage set fwth. 9. That i~ the event the ownership of the mortgaged p~emeses, a sny part thereof, becomes vested in • penon other tMn the MORTGAGOR, ths MQRTGAGEE, i1s successors ~nd ~uqny, may, witF?oof nptite to fhe MORTGAOR, dtsl with svch sutttuor or sutcessw in interest wieh referente to thiu nwrty~ and the debt fxreby secured in the.ssme manner as with Nbrtgsgor without in any way vitiaYag or discharging fhs Mortyagors' lisbility hera under a upon the debt hereby secvred. No sale of the premises hereby mortgsged and no fwbearance on the pan ot the MORTGAGEE or in suaesaors w auipns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGEE or its svcceisors or ~ss;9iu, ~ha11 op~tat~ ' ro r~leaa, discharye, modify chanpe a affect the aiginal liab;l;ry of !he MpRTGAGOR herein, either in whde or in puL - 10. B is specifically. agreed th~t time is of the esunce of this contract aind that ra wsiver of any oblig~t~on hereunder a. of iM obli~atio~ sa a:red Mreby shall at soy time thercafter be held ro be a waivef of the terms hcreof a of the inatrument secured he?by. • . . . . . 11. In add~tion ro the forego:ng mo~thly payments of princ:ppl and interest required by the promiuory note secured h ~~.1m~ ~•~~~h and agrees to pay to mon9aqee with exh monthly payment an add~tionsl suin esNmsted by mortgagee to be equa) to 1/]2 of ,~q~~~ t~!4.s~wl.boa~of the fotlgw- : _ - ~ • A-All real property taxes kvied w sssessed agai~st the above described real estate. ` . B-Premiums o~ fire and wiodstorm insurante as herein requ~red to be tarried on the improvements sitvate on the above de~ori~/ed prEi'pjsRs~ . ~ C-P~emiums on sych mwtgsge gwranty insursnce as mortgsgee shsll from time ro time deem fit to carry on the IoiA=~pcut~o•i~l~llqY, ~ Matgagee shall from time to time notify mortgagor ;n writi~g of the amovnt due and payable hereunder and such wm~al{ tlf~?eupqi.`Be'dve and payabl~ on the dve date of thr next monthly paymem and exh successive monfh thereafter untit mortgagee shsll notify mcrt~agor ot a' cha~ge in wch amount. Such sums shall be ~pplied by mortgagee toward the payment of rea) property taaes, insurance prem;ums, and mortyag~ y~sranty insurance premivmt. IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand snd seal the day aed ye fi~st afer ;d. Si S~akd and liwr in the presetKe of: D.A~,y?, lri . By• resi en ~ Attest• , ~ ' Secretar _ - - - _ Treasurer STATE OF FLORIDA COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this day of J~y A.D. 19 68 before me personally appeared F=ed F. Adams and J' W• flickson ~ ~ respectively President and Secretary -Treasurer , of D.A.D., Inc. Florida ~ a ~~~n~u..~rr ~Ca!~t~or~tiqn, b me known to be the persons described in and who exec~ted the for in instrument, and sever y~ ~ ~ 9 ' sl~l ~tknowiC?c~geii the ex~ ~ cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioried; and that they affixed thereto the official seal of said corporation, and the said instrument is the act and de~;of seid corporation. WITNESS my hand and officiat seal at Fort Pierce , said county and stete~;`- nas t~,~m ~ ~~a , . ~ Q ~ ~ FILEO AND RECO FRt F eral Sav. b loan Assr~. ST. l.UCIE COUNT 'Aublic, in and for State and Coun~y #Q ~sei . Of _ - n E C n R~ V~ Q r F . mission Expires: Not~r hb~tt. Stal~ ol ~~t ~ By ~ ~i ~t~ Cenn~issio~ E~ires S~t. 23, t969 68 I S pM f• u. . Z8 Q 1F87'6U d''~ ~ _ ?~v~ ; n:.s ~ CL.~RK ~CtR . ~Y ~ a oKs~~ a~E2i64 - ; ~ ~a;~ _ _ _ _ ~ . . - _ - ~ ~ . #