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HomeMy WebLinkAbout0782 ~ ~ To pl~a a+d continuously k~ep on th~ bulldinps nDw or hK~+ftK s~twt~ on sajd land ~nd on all eqvipm~nt and pKwnally covK~d by thi~ morp~ ~ p~, with d) panlwns thsr~on paid i~ full, fin i~u~anc~ in tM uwal itandard polky form. in • wm appro+~d by tM MORTGAGEE, ~~d wi~ditorm ~ irawana h tM ~nwi sNndard pol~cy form, in a wm ~pproved by tM MORTGJIGEE, in wch company or comp+n~y +s tM MORTGAGEE m+y dindt and all fk~ u~d w'~torm inswanc~ policies on +~y of seid b~ildinp~, a~y inhr~st tl~ei~ or part ther~of, 1n tM ap9~p+q wen afores~W a~ In ~xaa tMrwf, ~II oontafn tFw usual standad morq+~s~ clwse w wch wha claus~ as Na Mortpaqe~ m+y ~eqvir~. rrwkinp tM loss u~d~r said polE ci~s, each and ~vKy. paYabl~ b s+id MORiGAGEE ss ib ir~terest may appeu. and each a~d ~ve?y s~ch poliq iMll b~ promptly ~ss:y??~d ~nd deliverad to ~ny htld by said MORTCaAGEE as iv~tFar ucurity to said mort~a~ debt. and, no~ ka than ~~n p0) days in +d~+nu of ~M ~xpu+tion of each policy. to d? IivN ro ~aW MORTGAGEE ~ nnew~l tMraof, lopetha with a roceipt fw the premiwn of wth renewalj ~+d ~hr.~ sh+ll b~ no fir~ w windstam inwr~nt~ plaud on ~ny of said buildi~ps, any interest therein or p~rt tht~eof, ueisu ie tM form ~nd with tM bu piyabl~ u ~faes~ids and M~ tFr ~ve~t ~ny awn uf mo~y b~com~a payabl~ v~ wch policy or po~~ci~s i+id N?ORTGAGEE shall Mw tM optan to rece7w aod sppiy th~ s+ms on +ccouet of the indebted- neq Ncv~~d hN~r p to permit said MORTGAGORS fo ?eceiw snd us~ N or aM? patt thereof fa other purp;.ses, without thareb/ waiviny w anpair- inp ~ny puity. IiM w rpht wider a by vi~tw of this morsyage: u~d ie tM ~vent said MORTGAGORS sl»II fa +ny reason fail ro ksep the wid premises so insured, or fail 1o dtliva promptly ~ny of said policies of insw+~ to s~id MORTGAGEE, w f~il promptly fo pay fully any premium thsr~for or in any resp~ct fail b paform, dischar9e. ~xscut~, tffect, complNe, canply with u+d ~bid~ by this mvs~ant, o? ~ny put he~eof, said MQRTGAGEE may pl+a +~d paY fa wch haurano~ or aey part tMr~of withow waivin~ w ~ffectiny a~y option, Ikn. eq~+7tY. w right u~de~ a by vinw of thh Mort~aps. and the full art~ount of tach and ewry wch paymeM shsll be imrnediately dw and p~yabl~ ~nd ahall beu interat fran tln dat~ the?eof ~ntil paid at tM ~aN ol nin~ pu antwn pa annum and toysther with uxh interest shall be secured by t1» li~n of this mwtpaye. 1. To pKmit, oo~nndt w wffw no wute, imp+itmeM or deterioration of said propary or +nY Put therpf• S. To pay ~tl snd sinpvlar ths costs, ch~?qes and expense~, i~+cludieg a reasoeuble ~ttornay's fa~ uK! oosts of abstr~ds of titl~, incurred w paid ~t any time bp said NIORiGAGEE, betause or in tM ~vtnt of 1M failuro on tht psn of tM said MORTGAGOR ro duly, promptly and f~ly perform d~xhuy~, ~xecvt~. ~ffact, aomplet~, canply with and abid~ by each and every the stipulatio~s, agreements, conditioro. ~nd cownann of s+id promiuory note and tha mortpape ~ny a ~ither. ud said cos». chsrges +nd ~~epenses. esch and every, sh+ll be i~wnedistely due and payable: whether a not there be notice da m~nd, ~tt~mpt fo collact or suit p~ndinp; and the fvl) amouM of e~ch and every such paYmeM shall bes~ interest from t!a dats thereof until psid ~t the .ate of nioe pe~ tenlum per u~num: snd all said cost~, chuyts and eapenses iecwred or paid. together with such intsrest, shall b~ setured by ths lisn of thw ~ro~ 6. TMt (a) in tM wsat of ~y breach of this Nbrtgsge or defwlt on the ps?t of the MORiGAGOR, or (b) in the event +nY of ss~d swm of money her~in nferred to be not promptly and fully p~id within thirty (30) days next after the same seve?ally become due +nd pay~We, withovt demand a ~oY~te, or in the event each ~nd ewry the slipulations, agreemenn, conditions and coven+nts of said promiss«y note and this mortpaye any o? either ~r~ nof ~uly, promptly and fully performed, d~scharged, executed, effected, completad, complied with u~d abided by. tMn in ~~ther w any such event tF~ aid aQ greyat~ sum mentaned in said promissory ~ote then remaining unpaid, with interest acuued. and all moneys sec••ed hereby. shsll becane dw and pay~ able iwthwith, w thereafter, at the optan of said MORTGAGEE, as fully ard complctety as if all of the ~id sums of monay were ori~in~lly stipul~ted ro be paid on s~?ch day. ueything in said promissory note a in this Mortgage to the contrary notwithstanding: and thereupon w thereafta al tM option of said MORTGAGEE, witlw~t notice w demsnd, wit at law or in equity, thtrefore w thereaitet begun, may be ptoaet~ted u if all moneys secured he~eby had m.wred p.ar ro in i?aNruran. _ 7. Thaf Fn the event that at the beginning of or st any time pendiog any wit ~pon this Mo?tgsge, or to fweclose it, w to mform it. a to enforo~ payment of am claims hereunder, said MORTGAGEE sMll ~pply to the ~ouA having jurisdiction lhereof tor the appointment of a Receiver, such Court shsll . forthwith appoint • receiver of said mortgaged property all and singular, irxlud~ng all and singvlar the income, {uofits, iswes and revenues from whatever wurc~ derived, each end every of which, it beinp expressly understood, is hereby mortgaged as if spec~iically set fwth ~nd dewibed in the prantiny and habendwn clauses hereoi, ~+d s~th Receiver shall have +II the boad and effective funct~ons and powas in anywise eMrusted by a Co~?t to a Receiver, ~nd tuch appoi~tmcM shall be made by such Court ai an admitted equity and a maner o( absolute rght ro said MORTGAGEE, ae~d withoul refersnce. to tM adequscy a inadequacy of the wlue of the p?operty mwtgaged or ~o the sotvency or insolvency of said MORTGAGOR a the defenda~ts, ~nd that such rems, profits, income, iss~cs and revenues shall be applied by such Receiver accwdinp to the lien w equity of said MORTGAGEE and the practics of wch CouA. 8. To d~ly, promptly and fully perform, dschsrge, execute, effeu, compkte, comply with and ~b'de by each and ev~ry ths stipulat~om, agreemsnts, cond'dions and ooven+ots in said promissory note ard this mortgage set fwth. 9. That In the event the ownenhip of the mortgsged premises, or sny part thereof, becomes vested in a penon other than the MORTGAGOR, th~ ~ MORTGJIGEE, iri wtcesson and auigns, msy, without notice to the MORTGAOR, deal with such suttessor a successor in interest with reftrente to this morty~ye and the debt hereby setvred in the a+me mamer as with IYbrtgagw withotit in any way vitiati~g or distharging the Mort9sgors' liability her~- under or vpon the debt hereby secured. No ssle of the prem~ses hereby mortgsged and no fwbearance on the part oi the 1NORTGAGEE w in successoa or essigra and no exteroion of the time for the payment of the dcbt hereby secured given by the MORTGAGEf w ih succeuors w assiprn, ~Iwll ope?at~ to release, d'~schar9e. modify ch~nge or affect the original IiabiGty of the MORTGAGOR hercin, either in whole a in p~rt. - . 10. It h specifica~ly agreed that time is of the euence of this contrad and that no waiver of any obligation hereunder w of the obliystion se- cured her~by shall at any time thereaher be held to be a waiva of the terms hereof or of the irotrurnent ~cured herby. to the forego:n9 monthly payments of pri~:pal and interest required by the prom~ssory note secuced hereby, s and agrees to pay to mor g thly payment an add~~ional sum estimated by mortgagee to be equal to 1 cost of the follow- ing: A-AU real property taxes kvied or assessed against the above descn • , B-Premiums on fire and windstorm insurance as herein ' o carried on the im b situate on the above d~r~~"` C-Premivms on such mortgage guar nce as mwtgagee shall from t~me to time deem fit to ca the (oan fpttWtl Mwtgsgee shall fr time notify mwtgagw in writing of the amount due and payabk hereunder and s ~re-"snd payable on the e of the next monthly payment and each successive month thereafter until mortgagee shall notifjr,, ~ ~~d~ wch amount sums shall be applied by mortgagee toward the payment of real p?operty taxes, imurance prem:um~c, ae1~t~ ~d~fa ' urance , IUfM. ' ~ s~~~.- 7 4 ~ ! • ~ ~ fN WITNESS EREOF, the said MORTGAGOR hss ~e ~ IR~~~ie day i ~ ` ~ - w~°"0Q ~f: ST. LUCIE COUNTY. FL~' • s ` " ~ ~ ~ ~r n r ~~Fp gY ~ ~ „n ~ i~~i'~~ ~ ~ . : ~ ~ , ~ Attest• , q ~ ' ' 9 al+l I i: 3 0 ~ 69 M~R I ~ , . - - - - - - - - - - - - - - -------•a~st: - . TC_c~ at~ ~ - ROGER ?•OITRAS STATE OF FIORIDA ~E~UA~~TSICQ~T~ 1 HEREBY CERTIFY, That on this 13~ ~ day of ~rCh , A.D. 1969 , before me personally appeared ~bert E. ROSC a~ Mary ROSe respectively President and Secretary , of ~ ~ Westqlen Corporation , a Florida C.orporation, ro me known to be the persons described in and who executed the foregoing instrument, and seve~ally ack~pwled~ the exe- ~ ~ ; i ~ ~ cution thereof to be their free act and deed as such officers for the usea and pursoses therein ,i~o;i ~t they •~"x~'~'. ~ affixed ther~to the official seal of said corporation, and the said instrument is the ad and =dl~~~ ~p4~adrp¢~aran. ~ , ~ ' ~ '°~r , ~ ~ WITNESS my hand and official seal at Fort Pieroe said oounty an~ ~t~tl.~ Y~. " ~ I= _ ~~"^;~-,I•` 'k _ • This inshument prepared b~? ~ ~ ~ ~ First Federal Sav. 8 loan Assn. Notary Public, in and f State~ ' Of FOl~ PI6(CC - My Commiuion Expiresc ' gy Tho~aas A. Driscoll ~ h~ ~L+•'? o~ 3~ 7~- ~ ~ ~~f ~ ` ~ ~ ~(J~ ~ - - - ~ ; , _ ~ _ _ ~ ..e