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Home My WebLink About0147 , . v ~ , - 3. 7o plac~ and continvoviy ke~p on ~M buitdinyi now o~ Mrs+ft~r sitv+q o~ sa~d land and on al{ oquipment and p~rwn~ily covered by this mortp- age, with all pr~miur:4 thereon paid i~ tuil, fir~ ir?sura~c~ i~ ths uswl sNndard policy (otn1, ~n a ~um ~pprov~d by ths AhORiGAGEE, ~nd wi~dstorm ~nsuranct in th~ ~sual ttandard pot~ty fam, in • ~um approv~d by tM MORTGAGEE. in ~uch compsny w companits as the MORiGAGEE may ~t~recy and ~Ii fire +nd winds~orm i~v~anct polKies on any of ta~d buildlnps, any imerost tF~eio or pan thereof, in ~M aQgroyate wm ~forc:aid o~ In exce~s theraof, ihall contain th~ utual ~undud mo~tya9~e clause w tuth othtr dause as 1M Mortpapes may tequir~, makinq tM loss ui+der said poli~ c~es, each and every, payabl~ b uid MORTGAGEE a~ it~ inte~e:t may appea~, and each and ~wry t~rth poliq ~hall b~ promptly us:9ned and dslivered ~o any held by seid MORIGAGEF a fwtMr secwiry to uid mat9ige debt, and. not less ~han ten (10) days in adrance of the expiration oi each policy, to dr liver eo uid MORTGAGEE • rtntwal IhK~o1, togtthet with a receipl fw tM premium of such rernwalt and ~htr~ sha~l be ~o fir~ w winds~orm insurance placad on ~ny of said Dvildi~g~, any int~reil therein w p+~t thereof, vnless in tF~ forrn'and with tM lou pay~bl~ u efw~i+id; and in tM ~vent any svm of mon~y becomes pay+ble und~x wch policy or policiet taid MOATGAGEE ihaN haw the optan to nceiw a~d apply tM sam~ on +aount o~ the ind~bted- ncu secvred he~eby o~ to pamit ia~d MORTGAGORS fo reteive and us~ it p any parl 1herNf iw othc~ purposes, without the~eb/ waiving O~ impair- iry any pviry, lien or ~iyht unde? o~ by vittw of this mort9apej u?d in the event said MORTGAGORS shall fp any ttawn fail to keep the iaid prcmis~s w insu~ed, a~ail to delivsr promptly any of ~aid policies of in:unnu to aid MORTGAGFE, or fail promptly fo pay futty a~y premium thcrefor pr in a~y ~espect fail to perfam, dischuye, ~xecute, effect, complet~, comply with and abide by th3s covenu+t, w any psn herwf, said MORiGAGEE may pisce and pay for ~~ch ir?surancs or ~ny p~n the~sof w~ihout waNioy or affectinp any option, i~en, pu~ty, or riyh? unde~ a by vinw of tM: Mortpaye, and ths fuN unarnt of sacA and ~very wch payment shall be immcdiately due +~d p~yabl~ and si+all bs+r interest from th~ da~e therwf votil psid at th~ rat~ oi nin~ per centum pw ~nnum and to~etF~e~ with such interest shali be secu~ed by tFw I'an of this matyape. 4. To pcrmit, canrni~ or wff~r no wast~. impaKme~t or de~aioration of said properfy ot any pan thereof. S. To p+y ap ~nd Hr?gulu ths.costs, charges and expenses, 7ncluding a reasonsble at~aney i fee and cosrs of sbstrxn of t7~le, i+uu~red o? paid ~i sny time by said MORi('iAGfE, baavs! or in the tv~nt of tiw failure on the part of the said MORTGAGOR to duly, promptly ~nd fully p~rfwm, dachargq execute, effed, complet~, oomply wilh and ab~d~ by ~ach u~d every the stipulations, agreements, tondition*, and covenanti of uid promissotY'IWte-and this mwtgag~ ufy Or aither, and sa~d costs, charges sod exper+ces, each and every, shatl be immed~ately due and payable; whether w not there be ~+otice d~ mand. +ttempt to coltect or iuit pe~dinp; u?d tha full amount of each and every such paymeM ifiatt beu iMerest from the dat~ theteof uNil p~id at the ra~e of nine per centum per uuwm; and ~II s+id cdat~, char~es and ezpenies tnc~rred ot paid, together with such in»r~it, sMll b~ secured by Me iien of tbis mortyay~. O. That ja} in the event of any breuh of this Mortgage or default on tlw pan of tt~e A{ORiGAGOR, w(b) in the event ~ny of sstd suma of money herein reEerred lo be not promptly and fuUy paid witi?in thihy (30) days next after tha same severally become due and payabk, without demand w notice. or (c) in the event each and every tM stipulal+or?s, agreements, cond~tions and tm~enanta ot sa~d promissory note and th:s mwtpage any or e~siur are iwl iu~y, promp~ly and iully perfwmsd. d~scharyed. executed. effccted. completed, canpl~ed w~th and abided tiy, then in either or a~y iuch event th~ said ag ,~reg~te wm mentioned in said p~omiuory note then remaining unpaid, with imerest accrued, and atl moneys secvred fxreby, shall becoma d~a and pay~ ~b1e fwthwith, or thereafte~, at 1F?e option of said MORTGAtiFE, as fuily and compk?ely as i( •11 of the wid sums of rt:oney were orig~na:ty atipulated :o be patd oe~ such dsy, anythinq in wid promiuory note or in this Mortgage to the contrary notwithstanding; and thereupon or thereaf~er at the option of said MOR?GAGEE, without notK~ or demancl, suit at law w in ps?ity. tFKrefore w therea(ter begury may be prosacuted as if all nwneys sacwed Mreby had matwed pnot to ~ri instit~tiw~. 7. ihat in the event that at th~ beginning of or at any tirne pend~ng soy wIt opon th~s Mortgage, a ro fwectose it, w to reform it, or so onforcs payment of a~y, cla'rns hereut~der, said MORTGAGEE sh~ll apply to the Court havirg jurisd~dion thereof for tM ~ppomtment of a Receiver, such Court shall torfFiwith appo+nt a receiver of iaid mwtgaged propcrty all and sing~lar, includ+ng all and singular the income, profits, issues and revenves irom wi?atever soures derived, each and every of which, it be~np expreuly understood, is hereby mortgaged ai ii speufically se~ forth and described in the gra~~:ng a~.d _ habendum d+uses hereof, and such Receiver shall h~ve ~II the broad and efiective funct~ons and powers in anywise entrusted by a Car?t to a Rece~ver, and s~ch appo~ntmero shall be made by such Court as an sdm~ned equity and a maner of arsotu~e r~gM to sa7d MORTGAGEE, and w~~hous reference to the edequacy or inadeq~acy of the wtu~ of tM prbper~y mortgaged w to tF?e soivency or inwlvency of said MORTGAGOR o~ the defe~dants, and ~hat such rems, profits, intwne, iuues and nvenuss shall b~ applied by such Receiver ~ccord~~9 to the lieo or p~iry of said MORiGAGEE and the practios of such Covrt. 8. To duly, prompNy and fully perform, dischargs, cxecute, effect, complete, compSy with and ebide by each and eveoy ths stipuwtions, agreecneros, conditions snd covenams in wid promiswry note and this mortyage set fa~h. 9. That in the event the ownership of ths mortgsged premises, or any p~rt thereof, becomea vestcd in a perwn other ths~ the MORIGAGOR, the MORTGAG£E, its wcceuors and assipns, may, wirhout notice to the MORTGAOR, deal with such successor or successor in interest with reference to th:s monyage and the debt hereby securad in the same manner as with Mortgagw without in any way vit~ating or discharging the Mortga,c,ors' lEability here- under or vpon the debt hereby secured. No sate of the premius hereby mortgaged and no fwbearance on the part o( the MORTGAGEE w iss sutcessors or assgns and no extension of the )ime fw the payment of the t;ebt hereby secured given by tl~e MORTGAGEE or its succeuon or auigns, siiall operate to release, d~xl»rp~, modify cMnge or affect the wiqinal liabitiry of the MORTGAGOR herein, either ~n whole or in pa~t. 10. It is spec7fica~ly agreed that time is of ths essence of this contract and that no waiver of any obl'gation hereunder or oi tFw ob:iyation se- c~rad hareby ahatl at any time thereafter be held to ba a waivcr of tfie tcrms heteof or of the instrument secwed herby. 11. {n add~tion to ti?e fwego:og monthly payments of princ:pD~ and inte~est reqoired by the prom~ssory note secured hereby, mortgagor covenants ar,d ayrees to p+y to mortgagee with pach monthiy payment an sdd~rional sum estimated by mortgagee to be eqwl to 1/12 of the annual cost of tns foliow- in9: A-All real prope~ty taxes kvicd or assessed aga~nst the above dexribed real es~ate. B-Aremiums on.fire and windstorm isuurance as Ixrein requaed to be carried on the improvements sitvate on the sbove desaibed premises. ~ C-Premiums on such matgage g~aranty i~swar,ce as morrgagee shal~ from tune to time deQm fit to carry o~ the loan secured herob~r., Mwtgagee thall from time to time notify mortgagor in writing of the amount due and payable herevndcr and such wm shall therwy~on 6o dw and payable on the dve date of the next momhly payment and exh succsssive montn thereafter ur.~il mortgagee shall notify mortgagw of a citi~•iA wdt amount. $uch wms shall ~e applied by mwtgapee toward the paymeni of reat propeny taxes, insurance prem:ums, and mort9ageuOg~a~r~i~syranc~ ~ p~emiums. ~ - ` IN WITNESS WHEREOF, the said JNORiGAGOR has hereunto set his hand and seal the day and year fir:t a(wesaid. ~ ' ned, Seakd and deGv~red in th~ presence of: ~ ~ ST, LUCI ~ "-~_~.....~~`W ; ~ under Tru ~ ~ r" ` > r : dated S . - ~ ` = r • . by s r~~~,~..r.cs„p~ ~ SiAic OF fIORIDA ,1 ,,i 4~-~ i ~ ~ Attest• ~ cou:v:ir oF ST. LUC~ ~ s resi en a ~ as ier , ~ 1 HL:RCf3Y CERTIFY. That on this day o( - n• 19-~--~ l,~fora mEr porsorwlly appQarecl - RQ$E~.'~~ERRY PEG BARRY „ rospecii~~eT.• Prasl~ent and ~-1~~=p'"PG'~Pnt ancl _~,~~~j,?~CaShieZ' of ~T ,jT[`IE n 1I~TY BANK a Florida banking corpot~c:on, co mo ~~wwn to be t1~o persons deseribecl in and w1~o excscutecl tho fo~efloinfl irutrumont, ancl soverally acL~iowledQa:I tf~e ezcs- cr~tion thereo~ to bo tf?c?Ir f roa ac! and dood aa such o~f icen, f or the usos and purposes tF~er.~:r? mentioried: and iltat tl~oy ~:~fiaccl tl~~re t/,e oJ(tcial ~soal oj said oorporation. a?ul tho fnal nt is t~e act anc~ of saicf aorporliiion, acting as ~rustee. ' ~ ~ ~ • ~VC1:~~S my hand arul oj/icial soal at For! Pier+ce id c ~nd ' ~ ~ • FILEO AND RECOROED • ~ _ : ' ST. LUCIE COUNTY, FLA. Notnry Pu6lic, in an Stale and'jC'ocir.ty; ~ Thi s ~ n s t r u m e n t p r e a a r e d b~ P~ ~~Rr IERIFIEO ~~~~c . ASSfI. 1`7144~ M y C o m m i s s i o n E a s: ' 7' T O~~. . F;rst Fer;e; ~ c , • ° ~ . ! a; . & L~an ` F ~ Pierce 6 ° ~ A '68 OCT 2 I AM 10 ~ ` , . Cy R NK FEE ~ ao~x~.~4 P~ ~4~ ROGLR ~OITRAS CLERK CIRCUIT COUR7 t