The URL can be used to link to this page

Home My WebLink About0786 ~ ' ~ . ~ . , To plaa and continuovsly kNp o~ tM buildinps now or M«akK WtwN on aid land u+d on ~II equiprr~nt and pe~wnslly covasd by this mat~ ay~, with all pr~+niums thHwn paid in full, fin iniur~nn in ~M ~w+l standud policy form, fn • s~m approved by the MORTGAGEE. ~nd windsto~m Inswanc~ in tIN utwl ~~and+.d policy fam, io • wm ~pp+owd by tht MORTGAGEE. in such company o? canp+oies as ~M MORTGAGEE m+y dinctJ and ~II fir~ ~nd windstorm inswanc~ po~kie~ a? ~ny o( s+id build~ny~. ~ny iet~re~t tharsin w p~1 ihtreof. &i tM ap9req~r~ ~wn afa~saW or In exc~ss thawf, ~Mil contain tM uiwl standard eno~t~+pe~ d+u~ a svch ahe~ cl~us~ as tM Mort9s~e~ may rpvu~. makinp ihe Iwf undK said po~} c'~as. ~ad+ ~nd ~very. p~Yabl~ fo aid MORTGAGEE ~s ib iotereit may appeat. and e+cl+ +nd ~vaY s~ch Policy ihall b~ promptly ~u:yned u+d ddive~td to ~ny hdd by said MORTWIGEE furthK security to said mortp~ debt, ~~d. eat kss tMn ten l10) d+ri in advanc~ of the expir~tioe of ~ach pol'~cy. ro d~ liva ro s~id MORTGAGEE a rs+~ewsl thereof, topether with a recapt fo~ th~ premiwn of such renewals u+d tMre ~halt b~ no fite o? windstorm inw~ant~ pl~o~d on ~ny of said buildirgs. ~ny interest tMrein or part thereof, unleu in ths fwm and with IM bss p+Y+bl~ +s ~tores+idt +~d ~ the ~wn1 any win of mw»y becomss p~yabt~ vnd~r such policy w policies s+~d MORTGAGEE shall h~w tM optan ro ~ecave and ~pply tM s~me on aaouo+ of tM Indebtad~ nesi sac~r~d h~reby or 1o permit said MORTGAGORS fo ~eteiw and us~ it or aoy parl thereof for othcr purposes, without thareb/ waiving w impai•- ie+p ~ny puity, li~n a rghl under or by virtw of this morsya~r, and in tM ~wnt t~id MORTGAGORS shall fa sny reason fail to k~ep tM ~aid pr~mises w ! insur~d, w fal) b deliver promptly any of said polities of ir?suranc~ to s~id MORTGAGEE, o~ fail promp!~y to p+y fully ~ny premium therefw o~ in any r~spact fail to ptrfwen, dixhug~, ~xecute, ~ffect, complete, comply with ~nd abids by this covenant, or ~~y psrt hxeof, said MORTGAGEE m~y pl~u and paY fa wch inswanu w any Wn tl+ereof wi~lw~rt waivinp w ~f(ectiep ~ny opY~on, lien, eqvity. w~~ght ~nde~ a by virtu~ of thh Mort9~s. ~nd tM full amovm of sach ~nd ~vKy such p+yment shall be immediately dw and payaWs and shsll bear i~terest from ihs dat~ thereof until paid at tM rat~ ol nine par ce~tum pK ~r~rwm u?d to~ether with wch in~e~est sF+all be securcd by tha 1'~en of this matg+ge. 4. To pKmit, canndt w wffer ra wsste, impairment a deterioration of said p~operty or any pu1 thereet• S. To pay sll N+d ~inputu ths costs, charges snd expenses, i~ctudinp ~ reasonable attwney's fee and wsts of abstracts of tiN~. inevrred o~ p~id st any tim~ by s~id MORTGAGEE, becaus~ a in the event of tM faitwe on the part of the uid MORTGAGOR ro duly, promptly ~~d h?11y perform, d~uhu~, execvte, ~ffsc1. oompl~t~. tompM with and ab+ds by each ~nd every the ~tipulations, sy~eements, conditiau, and covenann of said promissory note ~nd thi~ mort~ay~ aoy or ti~Mr. and taid costs, chsrges snd expenses. each and every. shall be immediately due and payabk: whether or not thsr~ be notioe dr msnd, ~nempt to collect o~ wit pend~ngr and the full amount of each and every s~ch paymem shall bear interast from the date thereof vntil p~id ~t tlk rate of nine per centum per arowm; and all said costs, cha?yes +nd exPens~s incv«ed a Wid• ~a9e~he* w~~h such i~terest, shall b~ sewred by the lien of tha 6. That in fhe w~nt of any breach of this Matgsge w default on the part of the MORTGAGOR, or (b) in the event ~ey of said sums of money herein ~eferred to be ~+ot promptly and fulty paid within thirty (30) days nexl after the same xvaatty become due and payable, without demand or notice. or (cj in tlw ewM esch and every the slipulations. agreements, conditions and mvenants of said promiuory note and th~s morfgspe sny a either ~re not ~uly, promptly and fulh perform~d, d~sc}+arged, executed. effected, compktad. complied with and abided by, thee? in either or sny ivch ~vent tM ssid ag pregst~ wm mentaned in s~id promissory note ttxn remaining unpaid, with interest acuued, and all ma?eys xcured F~rby, sF~ll beoane dw snd p+M abte forthwitF~, or thereahe~, ar t!a option of said MORTGAGEE, as f~lly aod completely as ii sll of the wid wms of money were aiyin~lly stipulsted to be paid on such day, snythiny in said p?omiuory note w in this 1Nortgage to the contnry notwithstanding; and the?eupon or thereahar at the op~ion of •aid MORTGAGEE, withovt notice or demaind, suit at law w irt aquity, therefore or thereafter begun, may be prosecvted as if all mo~eys setvred hereby had matwed prior ro in institvtion. 7. Th~t in tM event thst at the beginning of or st any time pending any wit upon this Mortgsge,- or to foreclose it, or to reform it, or to enfora payment of a~y clsims herovnder, ssid MORTGAGEE shall apply to the Court having jurisdKtion thereof fw the appointment of a Receive~, such Court shsll Fwthwith appoiM a rcceiver of uid mortgaged proQe+ty all and singular, includ~ng all and singulsr fhe income, profits, iuues and revenues from whatever source derived, each and every of which, it bei~p expreuty understood, is hcreby mwtgaged as if spec~fically set fwth and described in the p?u?tu~q snd habendwn dsvses hereof, snd svd+ Receiver shall hsve sll the broad and effective f~nct~ons and powen in inywise entrusted by ~ Court to ~ Receiver, snd :uch sppointment shall be made by such Court as an adTitted equiry a~d a matta of absolute rigM to said MORTGAGEE, ud without reftrenu to the adequacy a in~dequacy of the wlue of the p?operty mortgaged w to the wtvency w insolvency of said N10RTGAGOR or the defendants, and tlut such renrs, profits, income, issues and revenues shall be applied by s~d? Receiver according to the lien w eqviry ot said MORTGAGEE ~nd the practio~ of such CouR. ; 8. To duly, promptly and fully perform, discharye, execute, effect, eosnpkte, comply with ~nd abide by e: ch and every the stipul~tians, agreerneMS, conditioro ar?d covenants in wid promissory note and this mortgage ut fwth. 9. Th~t in the event the ownenhip of tF~e mortga9ed prcmises. o? any part thcreof, becanes vested in a person other thsn the N?ORTGAGOR,~ tM MORTGAGEE, iri succeuas and auigns, may, without ~otice to the ARORTGAOR, deaf with such wccessor w successw in interesf with reference to ihis , morlg~pe u~d the debl hereby setured in the same ma~ner as with AAortgagor without in any way vitiating p dixharging the Mortgsgors' liibilify hert unde? w upon the debt hereby secured. No ~ale of the premises hereby matgaged and no forbearance on the part of the MORTGAGEE or i» waesson o. ~uig~ and no extension of the time (a the payment of the debt hereby secured yive~ by the MORTGAGE~ or in succeswn or assigns, shall operat~ ro relaue, dischar~e, modify change or affect the wiginal liability of the MORTGAGOR herein, either in whole or in put. 10. It is specificslly agreed that time is of the essence of this contract and that ~o wsiver of a~y obligaYan hereurKkr or~of tM obli9aYan ae- cured hereby sh~ll at ~ny tirne thereafter be held to be s wairer of the terms hereof or of tFx ir?strume~t secured herby. 1~1. In addition to the forego:ng monthly payments of princ'pal and interest required by the promissory note secured hereby, mortgagor covena~ts and agrees to pay ' h each monthty paymeM an addi~ional sum estimated by mortgagee to be equsl to 1/12 of the annual c ~ng. _ . A-All real property taxes levied o? assessed against the a real est ~ : • B-Premiums on fire and windstorm irnurance as herein requ~red n veme~ri situate o~ the above dest!di~~~Memises. C-Premi~ms on such mortgage gwranty ins~rar tgagee shall from time to time deem fit to the ba~~ itwretlr#reby. I Mortgsgee shall from time to ' ~ y mortgagw in writi~g of the amount due and payable hereunder and sucl~i~~" ~ upo~ b4 due and payabk on the due da next monthly payment and eath suctessive manth thereaiter vrti~ mortgagee shall notjljr A~~~ag'~w ~'ehar~ in svth ~ amount. s all be applied by mortgagee toward the payment of real property taxes, inwrance prem:ums,~ a1~ ~R~or~~ yby ance i • - ! . : : _ IN WITMESS E EOF, the said MORTGAGOR ha~~Ko ~q;kis hand and seal tFx day and year first !a r deli ed in the presence of: A~rV RECORDED= ~STG ~ _ ST. IUCIE COUNTY. FL -BY = - q ~ ~ ~?E:.C?an y; , ~ ) , ~ _ ~ 1 F~ E D , • p_ 1'75'799 - ~ sg Attest : . ~ • n . ~ ~ _ _ - - - - -f~'iR I 9 _ A,J~1 I I : 3~ - o ~ ' . STATE OF FLORIDA CIERiI~ Ro ~l~~i~C~U~~r ~E 1 HEREBY CERTIFY, That on this 13~ day of March ~ q,p, ~q 69 ~ before me personally appesred Robert E. Rose a~ Mary Rose respectively President and Secretary , of Westqlen Corporation , a Florida Co~poration, to me ~ known to be the persons described in and who executed the foregoing instrument, and severolly a~ck~~ ~~~~r~wt~d the exe- „ ' - .~,d: that rhe cution thereof to be their free ad and deed as auch officers for the uses and pursoses thereiR•~ie~ti}~sd;;. y , , . . • ; . affixed ihereto the official seal of said oorporation, and the said instrument is the ad a~d,,~cp~ii~;tf;~l~~-,o4cpdration. 7 . WITNESS my F~and and official seal at Fort Pierce , said counhj anc~ ' ~ ~r~,y • ~ ~ ' This instrument prepared by ~`'t First Fede:41 Sav. & Loan A;sn. Notary Public, in and f ~ I l. d r'' l~ of F~rt Pierce My Commiuion Expires: ^4 Thomas A. Driscoll ~ ~/~/~Z ~ ~ 6hedee~~r a00K ~ / V PACf ~ ~ ~ ; . _