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Home My WebLink About1364 ~ . ` f sR.: r , 3. To plac~ ~nd coeYuwously keep on th~ bulldinps now a hereaRK ~itvit~ on said I~nd ~~d on sll equipm~nt and p~rwn~lly covered by this ap~, with s!I xemiwn~ ~herew~ paid in fvll, firo ins~r~nc~ in the uiwl stand~rd poticy {orm, in s sum approv~d by tM MORTGAGEE, ~nd windsm wm irtwranc~ tn tFa v~w! sunda~d polky fam„ in a sum approv~d bjr ths MWtTGAGEE, in wch company or comp~nias as IM MORIGAGEE may dir~dt +nd all fks a~d windsrorm inivn~cs pc~ici~s on any of said build~nps, any tnt~roit therein or paM thereo(. M ths ap~~epate sum ~fw~said or in ~xcess thereof, shaU contai~ the usual st~ndud mortysyt~ clavs~ a such aher clav~ as th~ Morfps~s may req~in, makinp ths Iws v~da said poli~ cies, each and every. p~Yabk w said MORTGAGEE as iti interat maY ~ppesr. and cach and wery such pohcy shall b~ prompdy au:9ned a~d delivered ro u?y held by said MORTGAGEE as furthsr security 1o uid mony+gs debt, aod, not ku tM~ ten (10) days in sdvanca of tAe ezpiration ot each polky, to do• livss to s~id MORiGAGEf a renew~l thereof, roya~hx with s receipt for ihe premivm of :uch renewal; and there shall be ra fin w winduam ins~tu~a placed on ~ny of ssid buildinps, any interest thereio o~ part thereof, unlau in ~I+e fwm and wi~h the loss payabk as afwesaidt ~ed k+ tiw ~venf any wm of money becwnes paysbis ur+dsr such policy or policiss said MORTGAGFE shaU hsw ~he option to receive and apply the sam~ on accovnl of tM indebted ness set~~ed i+ertby w to permit pid MORTGAGORS to reoeive u~d us~ it or at?y part tF~ereof for other pur~wses. without ~he+cb,r waivi~p a impair- iny a~y pvity, li~n w r'ght uodsr or by virtw of tlvs mortp~ga; u~d in ths event said MORTGAGORS shall for any reason fat) to keep ths sa;d prsmises so inwred, or fal) b deliver promptly ~ny of said policies of insure~ce to aaid AhORTGAGEE, w fail promptly to psy fully any p~emium therefor p in sny rsspeq fall to pKfam, dixharge, execut~, effact, complete, comply with and abide by this cover?snt, w ~ny pa?t 1?~reof, said MORTGACaEE may place ~nd PaY ta such inswanc~ ot +ny Part thereof withovt waFvinp or alfectinp sny option. Uen, eqvity, w right ~mder a by virtw of this Mwt~e. ~~d tht full amount of each and every such p~yment shall be immcdiately dw u+d payable and al+sll bear interest from ths date tFKreof until psid st tM ~ate of nirte pe~ centum per annum and togelher with tuch interest shalt be sec~red by the litn of this mortgage. To permit, commit or suffe~ no wute, impa'ument or deterioratio~ of aaid p?operty or sny part thereof. ~ 5. To p~y al! aed singular the cost~, clar~ges uid expenses, including a reesooable attwney'a fee and costs of abstracts of title, iocurred or paid sf sny time by ssid MORTGAGEE, lxtause or in the event of the failu~e on ~he part of ths said MORTGAGOR to duly, prompdy ~nd fully perfwm, dischargR execute, effect, complete, comply with and ab:de by esch and every tM stipulations, agreemertt~, conditions, and covenants of said promissory r?ote and tha mortya~e any or either, and said cosn, charqes and expenses, esch and every, shall be immediately due and payable; whether or ~ot there be ~otice ds mand, attempt to collect or wit pe~ding; and the full arno~nt of each and every such payment shall bear interest f~om the daie thereof ~nHl paid at the rare of nint per centum per amwm; and all said costs, thsr9es and expenses incurred o? paid, together with suth interest, shall be tecured by the lien of thit '^wqy~• 6. That (a) in the event of any breach of this Mortgape or default on the pan of thc AIIORTGAGOR, w(b) in the event aoy of w~d sumt of rtwney herein refe?red to be nof promptly and fvlly paid within thirry (30) days next after the same seve~ally become due and payable, without demand or notite, or in the evem each and every the stipulations, agreements, conditions and covenants oi sald promiuory note and th~s n:ortgage any w either are nol iuly, promptly a~d fully perfwmed, d;xharged, executed, effeded, compteted, complied with and abided by, then in either a any such eveM !he said ag gregate s~m memaned in said promissory note then ~emaining unpaid." with interest acuued, and all moneys secured hereby. thall betome dw and p~y~ nble forthwith, or thereafter, at the option of said INORTGAGEE, as f~lly and completely as if all of the said sums of money were originatly stipuleted ~o be paid on such day, anything in said p?omissory note or in this Mwtgaqe to the contrary notwithstanding; a~d thereupo~ or thereafter at the optio~ of said MORTGAGEE, without no~ice or demand, svit at law or in equity, therefwe or thereaher begvn, may be proxcuted as if all moneys sacvred hereby had mat~red p~w to its institution. 7. That in the event that ar the beginning of or at any time pending any wit upon this Mortgage, or to fweclose it, or to reform it, w to enfora payment of sny claims herevnder, said MORTGAGEE shall apply to the Court having jvrisdrc~~on ~hereof lor ~he appoinrment of e Receiva,~such Govrt shall forthwith appoint s receiver of said mortgsged proQerty alt and singvlar, includ~rg aIl a~d sirgu~sr the inmme, profits, issues and revenuss (rom whatever wurte derived, each and every of which, it being expreuly underslood, is hereby mortgaged as if apetifically ut fpth and desctibed in the granling and habendum clauses hereof, a~d such Receiver shall have ali the broad and effecfive functions and powers in anywise entrusted by a Court to a Receiver, and •uch appainrment shalt be made by suth Cowt as an adr~ined equity and a matte~ of absolute right to said MORTGAGEE, and without reference to the adequxy w irwdequacy of the val~e oi the property mort$aged or to the sotvency w i~wivency of said MORTGAGpR or the defendants, and that such rems, profin, income, iuuES ar?d revenues sha11 be applied by suth Reteiver xcording to the lien or equity of said JMORTGAGEF and the practite of suth Gourf. 8. To duly. promptly and fully perform, dixharge, execute, effecf, complete, comply with and abide by each and every the stipulations, agreemenb~ conditions and cover+ants in sa~d promiuwy note and this mort~age set fwth. 9. That in the evenf tF~e ownership of the mwtgaged premises, w rny part fFiereof, becomes vested i~ a perwrt other /Fun the MpRTGAGOR, ths MORTGAGEE, its successors and suigns, may, without notice to the MORTGAOR, deal with svch successor w successor in interest with ~eference ro ihi3 mortgsge and the debt hereby secured in the same manner as with Mortgagw withovt in any way vitiating or dixhar9ing the Mortgagors' liability here- under a upon the debt hereby secured. No ssle of tFM premises hereby mortgaged and no forbparante on the part of the MORTGAGEE w its iuccessors or assgns and no extension of the .time f« the payme~t of the debt hereby secured given by the MORTGAGE'_ or its succeuors or assigns, sha1~ operate ro releax, discharge, modify change or aNect fhe orig~rwl Iiability of the MORT6AGOR herein, eithtr in wbok o? Fn pait. T0, tt is specifically agreed that time ie of the essence of this contract and that no waiver of any obligatron hereunder or of the obligaYan se- cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument setured herby. 11. In add~tion to the fwego:ng mo~thly payments of princ:pal and interest required by the promissory note secured F~ereby, mortgagor covenants and agrees to pay to mortgagee with eath monthly payment an additionat sum estimated by mwtgagee to be equal to 1/12 of fhe annual cost of the follow- ing: A-All rcat properfy taxes (evied or assessed against the above described real estate. B-Premiums o~ fi?e and windstorm inwrance as herein requ~red to be carried on ihe improvemenri situate on the above desuibed prem~ses, C-Premiums on such mortgage guaranty insurar~ce as mortgagee shall from time to time deem fit to tarry on the loan secured hereby. Mortgagee shall from time to t~me notify mortgsgor in writing of the amount due and payabk herevnder a~d such sum shall thereupon be due and payable on the due date of the next monthly payment and each successive month thereafter ur.til mortgagee shall notify mortga9or of a change in such amouM. Such sums shall be applied by mortgagee toward the paymenr of seal p?operty taxes, insurance prem:ums, and mortgage guaranty insur~rxe 4 premivms. IN WIINESS WHEREOF, the said MORTGAGOR has hereunto xf his hand and seal the day a ar fint aforesaid. Siyn . Sealed and delivered in the presence of: v . • .n ~ n - ~-n K--~ STATE Of RORIDA ~ courmr oF _ St. Lucie befo~e m~ patonal~y ~ppeared - DOt19~.dS C. Payette Arawnd Payette his wife, to me welt known and known to ms to be the individwb described in and who executed the foreyoirg instrument, and acknowledged before me that tF~ey executed the sams fw tM p~rposes the.ei~ •xp.esssd. Ard the ~d Arm~nd Pavette wife of the ~~d _ floualas C. Pavette upon a s~parate ~od privat~ examinstion by me taken sspanTS and apeH from Fxr qid fwsband, actcrqwledged ro snd befwe me that sF?e execvted said instrument freely ~~d volvn. t~rily and without a~ oompub7on, aonsbaint. +PWshens'+on.~ fex of or from her wid kvsband. WITNESS nry~ hant! ~nd offitial sNl thi~ d~y of e A. D. 19 68 ` i•~ ~ e..•,' n• Public in ~nd w tM Sut~ of fbrida d Luy~ I Qefii?n ~'d!'•, r%' `y ~l~EO AND RECOR~~^y^~~ ezpires: ! F~.ar f~ilx~t .SaYi~pr 8 tw~•• ~;oo ST. LUCiE COU(~TY. FLA. Not~ry lliic, Styr ~1 Fiaii~ ~t l~e~e ~ : Of • Fat P~erceL ' r~ " ~ r` (,1 n ti~ ~ f~ I ~ 1 ~ ~ k~ COIIII~Iff1011 ~9 ~ F,~~~ i`~",~11 w.«... ~..w. . . ,,_«4:c - '68 NQV 18 AN Q' S~ , . ' , J ' ~ ~ TH'R in3trurnent Rr~3ared By ~ ~ First Fedei~l%1F~jh~p~,,~'Coa~ Association n0r~ ~0lTR1.S of ort P~erce CLERK CIRCUIT COURT Checked By .,T C has tain ~ ( ao~i74 ~336i ~ ~ ~ cf