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HomeMy WebLinkAbout0145 - - . . • S. To piac~ and cont~n~ouily ke~p on tM buildinpi now w M«sftN ~itw~~ on iaid land and on ai: aquipmeot and personatly cov~red by thii mort~ age. wi~h ail premiw:R ~hsreon paid in full, fin iniw~r?ce in ths wwl su~+dard pol~cy fam. a swn approwd by ~M MORiGAGEE, and windstwm ~nsuranc~ in ~he u~wl standard poi~cy fan~, in a wm app~oved by ~h~ MORTGAGEE; in such company ot compa~its u IM MORTGAGEE may d~rectj ar+d ~U fir~ a~d wind~rorm insuranp policies on •ny of said bu~id~np~, any inte~sat thereie or pa?t tMreof. i~ tM +gy~e~att wm afaewkl or i~ excau ~he+sof, ihall contain th~ uswl ~qndud mor~p+ye~ clavs~ a such o~Mr claus~ u tM Mor~y+ye~ may ~~qua~. makG+q ~he lou undK ~a~d poli~ c~as, eacA and ev~ry, payabl~ ro said M~ORTGAGEE ~s its i~terest may sppear. and each and every iuch po~icy ~halt b~ promptly au:yned and dai~vared ~o any Mid by sa~d MOR:GAGEE ~i funF?tr s~cwity to s~id mortpage debt, and. ~of ku thae tee (10) day~ io adwnca of ~hs ~xpir~t~on of each pol~cy, to d~- liver to ~aid H10RTGAGEE a ~enewal tMrwf, tuptthK with a receip~ for tM prtmtum of iuch ren~w~li and tl+K~ shatl t» no fir~ a windstwm inswa~c~ pi~ced on ~~y of aid b~ild'+nys, ~ny intereaf therein w part thereof, unleu in th~ form'and with th~ loss payable ~s afores+idt +~d 1++ the avent any ~um of morwy bucomes payabte unde~ such poliq o~ qolKiei wid MORTGAGEE ihall haw the opr~on to ~eceive and apply tM s+m~ on account o~ ~M indabted- ness secvred Mteby a to permit said MORTGAGORS to rKeiw ~r+d us~ it a any part tl+ereof fa othc~ purposet, without tF?.sreb~ waiving or unpair. ;ng any eqv~ty. Iien or right under or by virtw of this mortpape: u~d L+ tM event said NtORTGAGORS thsll fw ~ny reawn fail to keep ~he said pramw~a so ~nsured, or f~U to dtliver promptly any of ssid policies of insurs~cs ro said MORTGAGEE, u fail promptly to p+y fulty ~ny premium thotrfor or in ~ny ?e?pect fail ro porform„ dischar~e, ~xecvt~, ~ifect, complet~, tomply with and abide by tius cove~~nt, a any part hereof, ia~d MORiGAGEE may place ~nd paY for such inwranc~ or ~ny pan therwf withovt watvirg or ~ffectinp any option, li~n, putty. or r~pht undK a by virtw of t}+is Mort~ape. and ths fuit amovm of each and every such payment ~h+ll k» im+nediately dve a+~d p~yabb and shall bear inter~st from tM dat~ ther~of until piid at th~ rat~ ol nin~ pa cc+~tum pK annum and to~ethe~ with suth inter~it in~ll b~ setu~ed by ths lien of this lnortyape. 1. To permit, ~anmir or wffa no wute, Lop~irn~ent o~ deterioratio~ of ,}~id prope.ty or any pHt tha~eof. S. To pay all and singutu ths<osts, charp~s and expenses, includi.~g a reasonab:e atrwney's fee and costs of abstr~cts ot title, i~cvrred w paid ~t any tim~ by sa~d MORTGAGEE, bscause or in the ~v~~t of the failure on tt?~ pa~t oi the said MORTGAGOR to duly, promptly ~nd fully pe~for~r~, d:stha~g4 execute. ~ffect. complete, compty wnh and sbide by each and every the sripulaGons ag~eem..~nts, conditions, ~nd covenants of said prom7ssory note and thit morega9e a~y w ei~he~. and said costs, tlwges and expe~cas, esch ~nd every. sh~I~ be immed~aeely dw and pay+blq whether a not ther~ 6e notice ds~ mand, attemp~ to coltect or wit pMd:npr u?d tl+e full amouM of sach and every s~ch payment sMll be~r inrersit froen the dat~ tF?ereof w?til pa~d at the rate of nlne pe~ centum per aru.um; and all said oSsts, charyes u?d expansea intwrsd or patd, topether with wch intsrest, tfwll b~ aecured by tM IMrn of tlw mortyage. 6. That js) in the event of any Meach of lhis Matqage or default on the pan of the MOGTGAGOR, or (b) in the evrnt sny of sa~d sums of moncy herein referred to be rwt prompt~y and fully paid withi~ thirty (30) days nex~ after ~he same uverally become du~ a~d payabl~, wi~hout demarul or notKe, cr in tho ever,t eath and avery t1+~ stipu{ations, ~greements, condit:ons a++d coveoants of ta~d promiuory ~ote and th~s mortgsge any w either are not 3vly. promptly and fuliy per(ormed. discharged. execWed, eifected. comple:ed, complied with •nd ab~ded by, ti+eo in eitlxr a any such event rF» said ag gregate s~m memioned in said promissory note ti~eo remaining unpaid, with :nterest acuued, and alt moneys secvred hereby, sh:l! become ouo aod pay- aole forthw~th, o? thereafrer, at tl+e option of said MORTGA(icE, as fully aod completely as if all of the wid wms of money were or~ginally at~pu:ated to be pa:d on such day, anything in w~d prom~ssory nose or in this Mortgage ro the contrary notwithsunding; and ti+ereupon or there~fter at the opt:on of sa;d MORiGAGEc, wirhout notic~ or d~msnd, wit at law or in equity, the~efore or the~eaEter be9uq, may be prosecuted as if a{i ma~eys secured hareby h~d mawred pr~or ro~n instirutia~. That in the event that at the beginning of a st ~ny time pe~ding soy wit upon this Matgage, or to foreciose it, or to reform it, or to enforce payment of a~y claims i~ereunde?, ~aid MORTGAGEE shaU anply to the Court havirg jwlsdidion lhereo} for fhe appo~n~meot of a Rece~ver, such ~ourt shall io~tFiwith appo3nf a receiver of said mortgaged properfy all and singulu, ir+clud~ng alt a~ singulsr ~he income, profits, issues and revenues fran whateva~ so~res derived..each and every of wFi~, it bei~g expressly understood, is hereby mortgaged u if spet~fitatly set for~h and d~~scribed ~n the granung and naoendum tlavses hereof, u+d such Receiver sAall have all the broad and effec~ive func~~ons and powers in anywise entrusted by a~ovrt so a Accr~ver, and wch appointment shal{ be made by wch Court u an admifred eqvity and a matter of absolute r~ght to said MORTGAGEE, ~no without raiere~xe ro the adequacy or ir?~dequacy of the valw of tM properry mortgaged or to the wrvency w insolvency of sa7d MORTGAGOR p ~he defendanis, and ~ha: such rents, profits, income, iu~es and r~venues shall be applied by s~xh Receiver actord~np to the lien ot equity of taid MORTGAGEE aod tne prutite of suth Court. 8. To dvly, prompfly and fully p~fwm, d~scharge, execute, effect, complete, compty w~th snd sbide by each and overy the stipuia~ions, agrsemeots, cond~tions snd coven~ms in said promissory ~+ote and this mortgage set fwth. 9. That in the eveM the ownership of the mortgayed premises, or any pah tt+e~eof, becomes vested in a person ofher than thc MORTGAG02, tha A'iORTGAGEE, ita wccessors snd auigns, may, without netice to the MORTGAOR, dcal w~th tuch succeuw w wccessor in inte~esi w+:h reference to th~s mortg~go and cM debt f~ereby ~ecured in the sama manner as with lAwtgsgw without in any way vitiating or diuharging the Atiottgagon' liaality hsre• under or upon the debt hertby secured. No s~le of the p~emises hereby mortgaged and no forbearance on the pan of ~he M(3RiGAGfE or its suctessus w auigns and ra extenuon of the time for the payment of the deb~ hereby secured given by th~ MORTGAGEE or iu iuccesson or ass:9ns, ,.'~al: operata ro releaae, d~scnarye, modify ch~nps ot affect tM o~iginal Iiab~Gry of the MORTGAGOR herein, either in wholt w in part. 10. It is specifically agreed that time h of ths esxnce of tha contract and tMt no waiver of ~ny obligation hereunder a o£ the oblipation se- cur~d he~eby shall ~t ~ny time thereaftet be held fo bt a waiver of the terms hereof or of the instrument secured herby. 11. In add~tion ro the forego:ng monthly psyments of princ:pDl and interest requ~red by the promissory nore secured 'nereby, mortgsgor covenants and ayrees to psy ro mo:tyagee with each monthly psyment in addirional sum estimated by mortyapee to be eqwl to 1/)2 of the a~nua{ cost of tha follow- iny: . A-All real propeaty taxes kvied a assessed against the above described real estate. 8-Premiums on fire and windstorm i~sur~nce as herein requ~red ro be carried on tix improvemes?ts siwate on the above desuibed pra~ites. C-Premiums on such morigage gva~~nty insurar.ce as mortgagee shall from t~me to Gme deem fit to urry on tne ban secured hereby. ~ Matgagee sMll from time to time notity mortgagot i~ writing of the amount due and payabk hereunder and tuch sum shalt theii~q~? be•due ~nd j payabfe on the due date of t}?e next monthly paymeM and exh successive month there~fter untJ mortgayee sha!{ notify mortgagcZr~dj~al Ai .~le in'suth E amount. Such sums shall be applied by mortps~ee toward the payment o( real property taxcs, inwrar?ce prem:wns, and mort~~ps quaranty infurance premiwns. r: IV WITNESS'WHEREOF, the said 1NORTGAGOR Mas hereunto tef his hand and seal the day and year first aforeaaid. a c~ S' nad, Seal~d and deliwred in tM pesMC~ of: w ' _ ~ ST. LUCI s~~ ~ under Tru ` " " ' v~ - dated - ` n~ by ~+n S:Ait OF FLORIDA ~ - ~l ~ Attest• _ coun,n of ST. LUCIE r si en a, as ier I HCREI3Y CERTIFY. That on this day of A. D. t9~. F,~•Jora me peno~wlly appeurc~I _-_--~-QBE~T TERRY P~GGY BARRY rc•spc.;ti~~ely Pressi~Icnt ancI ~-1~4'-'pre~ident and ~~,~?X ~'aGhier of LLT~IF: COU\TY BANK 8 Florida banking cor~,oration, to me knuwn lo be tLo persons descriGed tn a.~d w1~o axecuted t~o /orepoing inslrumont, and sauvraIly acknou~Iecl~ed il~e exe- cution tl~ereo~ to Lo !l~oir ~ree act and dood aa sucj? ollicera. for tho usos antl putpores ihorvin mvntiotipt~*>~~t~t t~~ey . ~ . r,; ~ iX~•cl t!~R~c. tl~~ o(f icial ~seal o~ saId oorporatlon. and tha fnat nt L t/ie act an~ daocj •'snc ~ corpoiqt~pn, . acti:-i~_as '~rustee. " ~ • ~ ~Vtt:~E:SS my f~and wu! o/jt~ial .aal nt Fo.t Pten~ d co y ana " . : : . ~ ` _ ~ FILEO AND RECORDED . ~ S7. LUCIE COUNTY. FLA.Notary Pu61tc, !n and State u.ul eouiit otisai~: Tnis instrument prepared by ~~E ~~P~% `%f.RIF~Ep ~y CommluFon Exp 9_,~j_~, ~ ' ~ ~ ; First Fe~e~al ~a;~. $ lcan Assn. i~71448 9 ' ' o~ rort Pierce . ay FRA?vh r~E '6e OCT Z I AN IO • SS ~ a~174 ~ ~45 - ~O~ER ~O~TRr.S CLERK CtRCU1T COUR7 ~ ,