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Home My WebLink About0151 . , . • To plao~ ~nd ca?thxwusy k~ep on ti» buitdi~ now a MraftK ~itwh on s+id laed +nd oo ~11 aquipewm u~d pKSa?~ly cowrd by this maq~ p~, wi~h ~11 premiam tMrwn paid i~+ h+ll. firo insw~nu in tM wwl ~~+nd+rd policy fonn. in • sum approwd by tM MORTGAGEE. and winditorm imwanc~ in th~ uswl stand~rd policy'fomb in a sum ~pprowd by tM MORTGAGEE, tn wch comp~ny o~ wmpanle+ a tM MORIGAGEE m+y dinett ~e?d ~II fin u~d wi~tonn irowano~ polki~s on any of f~MI 611iWin~ i11y Ifllff~lt tlNff111 Of ~Y1 ~IIOflOf, in tM +ppreyat~ swe aforaaid ar ie ~:aa tMrwf. ~h+ll wnt~in tM uawl ~t«xl~rd maty+pN clws~ a such al~ ciavw as tM Mor~p+~~+ may repuin, m+kinp th~ loa undK taid pol} cies, e~ch and ~vKy. PsY•bl. w ~aid MORTGAGEE as in in~ea may .pp.a?. a+d each u~d ~vKY sucl? policy aMll b~ promptly au:yned and d~tiw?ed ro ~ny h~id by ~td MpRTGAGEE a fvrtMr sew~ity to s~id matp~ debt, and. no1 less tlwn ten (101 days in ~dvuKt oi tM expi~atan of esch polity. M d~ I;wr to aid 1NOkTGAGEE • r~wal tMr~of, to~thK with a ~aipt for tM p.~mium of wch renewal: and ~hsre sh+ll be no fue w wiodstam insuru+c~ plapd on ~ny of said buiWinpt, iny iota~st tFwr~in or p~rt tlwreof, ~rnkss in tM fwm ~nd with t!» lou pay~bl~ u ~foresaidr and in th~ ~wM ~ny wen of moMy become~ payaW~ u~+der wd+ iw~kY or policies Nid ~MORTGAGEE shall Mw tM option to ~eceiw uid ~pply ths s~me on accowN of tM indebtd~ ntss secw~d hKtby o? b permit s~id MORTGAGORS b reoeiv~ and uw It w ~Mr part thereof fw oiF+er p~rposei, without Ihereb~ waiving w impair• irq any puity. IiM w ripht w~de~ a by virtus of this mortysyej ~nd in tM event s~id MORTGAGORS s!»II for ~ny rsawn fail to keep the said pr~mises so insured, a hll to tleliw~ pranptly ~ny of ~aid policies of i~sur~nu ro s+id MORTGAGEE, or fail p?omptly to p+y f~lly ~ny premium tF?c~efw or in any r~sp~ct fail b p~rta~n, dixh~9e. ~x~cuq, tff~ct, complets. comply with and abid~ by this cove~ant, or ~ny p~n hereof, s~id MORTGAGEE m~y .pl~ and paY fa such 6aurano~ or any pa?t tMnof withoW waivinp or ~ff~ctkg +eY eWia+. ~i~^. e4~ity, a right unda a by virtw of this Mortyaye, u+d th~ fvll amount of ~ach ~nd ~wry svch paym~nt sMll b~ imn~diately due and p~Yabb and ihall beu intwest from the dste thereof until paid ~t the raro ol nins p~r centum pK anwm and together with wd+ interest shall bs iecwed by tM lie~? of this mort9age. 4. To p~?mN, oommit or suff~r oo wast~, h~pairment or detsrioration of s~id proparty or any p+rt thereof. S. To pay all ww! sinpvl~r the oosri, d~a~s ~nd expen~e~, includirg a reaso~able aftwoey i fes and wats of abstracn of title, kKUned w paid st any time by s+id MORTGAGEE, because a 1n th~ svem of ths failun on ~h~ paN of tM said MORTGAGOR to duly. promPty +nd fvlly perfwm, d~ah:•~ execvt~, ~ff~ct. oompttte. oomply with aod ab'ide by ~xh and every tl+e stipulations, ayrean+e~ts. ca+ditia~s, and covena~ts of said promissory note m= +his ~ mortpapt any w either. ~nd said costs, chu~es ~nd eapenses, e~ch a~d ~vary. sh+ll t» immediately due and payable: whether a not tl+ere b~ notic: de~ mand, stt~mpt to colkct w suit pendin9: end tM full ~novnt of each aod sv~ry urch p+rm~e?t shall bsar interei~ from the date thereof ~ntil p~W a1 tF~e ~ rate of n'u~e per centum psr an+wm; a~d all iaid oosri; thupes +nd exps~ses intvrred or paid. together with such intsrest, aMll b~ sewred by tAs lien of this 4 nw?tp+D~- 6. 1Mt in th~ went of any bresch of this Mort9ape or defa~lt en the pan of the MORTGAGOR, w(b) in the event any of sa~d swns of moeey herein t~farr~d ro bs not prwnptly +nd fvlly paid within thirty (30) days next afler tM same seve+ally become due and payable, witFw~rt demar+d or notite, or (c~ in th~ ~vent each and every tl+e stipulatio~s, sgraemeots, conditior+s a~+d cover?~nb of said promissory note a~d th~s mortpape any or eithe~ an no1 iuly, promptly and fully periorm~d, discMryed. ~xecutad. ~ffected. completad, complied with and abided by, then in ather o? any such ~ve+?t th~ s+id prey~t~ sum me~taned in said promis:ory note then ram~inirg unpaid, with interest scuued, and all mone~rs secured hereby, shall becans dw snd pay- able forthvrith, or thereafter, ~t tt+~ option of said MORTGAGEE, a fully snd compktely ss if ~II of the wid wms of money vrere wiginally s~ipulated to be paid on such day. anythirg in said promiuory note or in this Mortyaye to the contrar~ notwithstanding: and thereupoo o? thereaher at the option of said MORTGAGEE, without notice or d~m+nd, wit at law w in equity, thenfon or thereafler beyvn, m~y be prosecwed ~s if all moneys s~cvred hsreby had matVttd prwr to iri institution. 7. That in the event that at the beginning of or ~t ~ny time pe~+dinp srhr wit upon this Matgap~, a to forcclos~ it, w to rofo?m it, w to enforos paYment of s~y dsims here~nder, said MORTGAGEE shsll ~pply to the Co~~t havi~g jurisdiction thereof fa the appo~ntment of a Receiver, svch Court thall forthwith ~ppoint a roceiver of said mo.tpaged p~operty s11 and sinpular, irxlud~ng all and i~ngvl~r fhe income, profits, iuues and revenues from whatever ~urce derived, each a~d every of wli~ch, it beinp exprossly understood. is hereby mortgaged u if specifically~ at fwth and described in the grantinp and habendum da~ses hercof, and such Receiver ~hall hava all 1M boad and effective fwrct~ons and powers in snywise entr~sted by a Covrt to ~ Receiver, and such appolntment shall be msde by wch Court u ~n admitted equity and a m+tter of absolute right to said MORTGACaEE, and without reference to the adequacy or inadequ+cy of the v~lue of the p~operry mortga~ed or to the solvency w insolvency of said MORTGAGOR or the defendana, ~nd that such renrs, profin, irxome, iu~es and revenues shsll be applied by such Receivet ~ccwdiny to"tlw lien-or equity of said MORTGAGEE u~d ttK practice of sucl~ CouR. . 8. To duFy. promptly and fvlly perForm, dSscharoe, e:ecute. efhd, compkte, eanpfy with and sbide by each and every ihe stipulatiom, preemeab, conditioM and tOvenants in said promis:ory note and this mortgsye set forth. 9. That in tM went ths awnership of ths mortgayed prem~sw w any part thereof, becomes vested in • penon mher than the MORTGAGOR, ths MORTGAGEE, its wcceuors and aui9ns, m+y, withovl notice to the MORTGAOR, de+l with tuch svccessor or wccessor in interest with reference to this mortyape u+d the debt hereby sewred in the ssme mur~er as with Mwtgaga without in any way vitisting a dischargirg the Mwtyagors' lisbility here- under w upon the debt hereby secured. No sak of tha prem~ses hereby mortgsped and oo fwbeawnce on tM part of the MORTGAGEE a its successon or aui9ru and no extension of the time fw the payment of the debt hereby sec~red given by tl+e MORTGAGEf w its successon or sssigns, shall oper+t~ to release, dixMrye, modify chaepe a sffact the aigin~l li~biliry of the AhORTGAGOR herein, either in whole or in pa?t. 10. It is specificatly agrced thst txne is of the essence of this contract and that no waiver of any obl'~gation hs?eunckr w of the obliyatio~ se- cured htreby shall at any Yune thereafter be held to be s waiver of the terms hereof or of the instrumeM secured herby. 11. In additwn to the forego:ng mo~thly payments of princ:pal and interest required by the promiuory note secured hereby, mortgagor covenants and agreei to pay to mortgagee with esch monthly psyment an addirional sum estima~ed by mortgagee to be equal to 1/12 of the annual cost of the follow- ing: A-All ~eal property taxes kvied or assessed agair?st the above deuribed resl estate. ~ . B-Premiums on fire and windstorm insurance as herein requ:red to be ca~ried on the improvemenri :ituate o~ the above , v • C-Premiums on such mortgage guaranty insurance as mortgagee shall from twne to time deem fit ro carry on the loani~sbiuied~heleby: ~ ~ Mortgagee shall from time to time noti f y mortgagor in writing o f t h e amount due a n d paya b le h e reu n der s n d s u c h sur~ s f~ F~$ rorq~ p n• b e' due a w d I payable on the dve date of the next monthly paymem and each successive month thereaher until mortgagee shall notify riwrtgitjbr of m svch amouM. Such wms shall be applied by mortgsgee towsrd tlx payment of real property tsxes, iruurance pre+n:ums, and - morf~aqs. ;.~Wr~~r wr~nt4 . premiwM. ~ y IN WITNE55 WHEREOF, the said MORTG/lGOR has hereunto set ha hand and seal the day and year fint sforaaid. a, r~ • } . , ~ SNled and delivered in th~ praence of: ~i a~ ~ i FtlEO AP~O RECOROED ST. LL~IE OOU1~Y B~A '%+a" e ~ j ST. LUCIE COUlJTY. FLA. ~der Trust A reem t i ~t-~i _:^r^^ rr.:~F. ~ dated ~ ~ 1'71451 b'' - - t t - - _ STATE OF FIORIDA ~~8 OS' ~ (n : 56 Attest; ~ St. Lucie ~ It c-President an Cashier; . - ~t - - ~ 1 HEREBY CERTIFY, ~hat on thi~ ~017R~ , A.~. 19 8, --1~~~ CfRCUtT COURT ` before me personally appesred ~B~T a~ ~~Y BARRY Vice-President and Cashie~r ~ respectively President and - of ~ ST. I.UCIE OOtJKrY BAMC Florida banking - , a Co?poration, to ms known to be the persons desuibsd in and who executed the foregoing instrument, and ssverally acknpwledged''t}ie ~xe~ cution thsreof to be their free act and daed as such officers for the uses and purposes therein mentionsc~~ ~'nc~.~th~t' . ` affi~q~d therero~he of~icial seel of said oorporation, and instrument is the act. and deed 'of,~aid' a~rpor~ • ' ac ing as rus ee • ~ ' '4 WITNESS my hand and official seal at Fo~t Pierce , seid a ate : ~~t " s Ihis instrument prspared by - ; ~ : . ~ ~ Frst Fede.al ~av. & L~an A,~r ' . of Fo~t Pierce Notary Public, in and State and County a id. My Commissia~ Expir : ~~,(~.G . : ~ RRANK FfiB • ~ . % Y., B aooK 174 P~~E ~.51 w,. f ~ y ~ ~ . . -f ~ ' ~ . ~ ~ .