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Home My WebLink About0796 . { : .4+ . : ~ ~ S. To pl~p and continuously kNp on tM buildi,gs ~ww o~ he?NRa ~ituah on said I~nd and on ~II eq~ipnKet ~nd pKwMlly cowr~d by tAts morlq~ with all paniums tF~eon p~~d ie fuil. fin iniurua~ in tM uiwl standa~d policy fuen, k? a tum approwd by ths MORTGAGEE. ~nd w'u~+am ~ insura~p in tM ~swl s~anda.d policy fam, in a wm ~pprov~d by tM MORTGAGEE, in wch canpiny w campa~s a th~ MORTGAGEE may djnttt Md aU tir~ snd windiro.m ie?wra~a polici~s on a~y of s•id buiW~rg~„ ~ny tntK~st tF~ein or put iherwf, in th~ ~pqr~at~ wen afo«s~id a In ~xo~ss t1~~of, sMll contain tM uwal standud mortpa~ cls~ w wch otMr claus~ as the Mat~N m~y nqvin. m~klnp j?r~ lost und~r uid pd} ci~s. ~ach ud rvsry, paYabt~ w~aid MORIGAGEE a~ th intaest may ~pp~sr, and euh and ~wry iuch policy ahall M promptly u~:yned and d~liwred ~o any Mld by said 1NOitTGAGEE a turther secv~ity to s~id matpay~ d~bt, and, ~wt 1~ ~Mn ten (10) days in ~dva~+ce ot tM expiation of ~ach policy. to dr liw~ b siid MORTGAGEE • rMew~l thenof. ~op~~F~u with a receipt for the pnmivre of auch rsr+ewalj aed ~Mn sl»II b~ no f'us a windatam inwr~nc~ p~~csd on any of said buildin~s, any internt ther~in or put thcreof, unku In tM form and wi~h ~ht loss payabk u afor~~idt ~nd in tM everN aay ~un? of nwewy becom~s parabl~ unde? such policy a policiss s~id 11I1pRTGAGEE shall h~w tM option to ~~ceive a~d sppfy ths iarn~ a+ acovnt of tM indebfed- neu :scur~d hKepy o~ b permit ~aid MORTGAGORS to rece;w u~d us~ N a any part ~hereof i~.: orher purposes, wi~hout thereb~ wai~i»y o~ impair- ir+p anY pvity. 1'Nn or ri~ht unda? a by virtus of this mort~apss and in tM ewnt ~aid MORTGAGORS thall fa sny reason fail to ksep the said pr~mises so insured, p fafl b dtlivK promptly any of said policiet oi int~rance to taid MORTGA6EE, ot fail promptly ro pay fully any prtmivm therefw p M any nspsd fail to paforn~, d~xMr9e, ~xecuts. ~ffect. complete. comply wi~h ~d abid~ by this mvanant, or ~ny part hereof, s+id MORTGAGEE m~y pl~ ~nd p+Y fa wch k~wrano~ w~ny put tFweof without waivinp a ~ffectinp a~y optio~, lien. equity. w riyhi vnde? or by virtw oi thi: Mort9apt and the full anww+t of each and twry wch payment sha!! bs immedi~tsly dw and payable and sMll bea~ interest fram th~ date thereof uMil p~id at tM rat~ oi ~ ni~s pK ce~tum pu anrwm u~d together wi~h wch intaeat shall be ~cured by ths lien of this matpaye. 1. To p~rmit, ~oinmit or wffa no wstts, impa'ument or deterarat;on of taid properry o? ~ny paA thereof, ~ S. To pay dl and slnpvlu ths costs, tMr~es ~nd expanies, includinp a re.sonabte a~o.neyy fes and costs of absnact: of tide, incurred a pald at eny t&n~ by said MORTGAGfE. becavse a in the went of the failwe on tF+e part of tM s~id N~RTGACsOR to duly. promptlY a~d fully perforrn, d~schs~y~ ~xecvt~, ~ffed, complet~, comply w;th and ab3de by each and every the stipukuons, apreements, cooditio~s, and oovena~n oi s~id promissory note ~nd thu mortpape any o? ~itha, and said cosb, charyes and expenses, each and evrry. ihall be immediatoly d~» and payabte; wheti+er w oot ther~ bs notica dr mand, attempt ro tollett a wit pend~ng: and the full amount of each snd evcry wch payment shall bea~ interest frwn 1he dale thereof until p~id ~t th~ rate of nine per ce~tum per uuwm; and all said costs, cMrges and expenses ioc~rred a paid, logeihs~ w~th wch interest, shal) be secwed by the lien of thu '^°fpap~- 6. lhat in the event of any breach of this Mortgage or default on the psrf of the MORTGAGpR, or (b) in the event ~ny of said svms of money luroin raferred to be not promptly and fully paid within lhirtY (30) days next after the samc sevcrafly become due and piyabk. without de~nsnd pr notice, or (cj tn tM event each aeid every ths stipulatiora, ag~erments, conditions sr~d cowoants oI ss~d prwri~ssory nofe and fhis morfyage any p eitha ~n not ~uly, promptly s~d fully performed, d'acf~arged. ezecvted. effected. completed, complied with aod aL-~ded by. then in ather a ~ny wch event tlw said ag gregah wm mtntioned tn said prpnitsory note then remaininy unpaid, with interest acuued, and al! moneys secured hereby, shall becpne dw ~~d p~y~ able forthwith, or thereafter, N the option of said MORTGAGEE, as fully and completely as if ~tl of the said wms of money were wigin~lly stipul~ted ro be paid on such day. anything in said promissory nots or in thia Mortgage to the contrary notwithstandi~g; ar+d thereupw~ or thereafte~ ~1 tht optron of :aid 1MORiCsAGEE, wilhout nofice o~ demand, wii at Isw or in equity, therefore or thereafter begun, rr~sy be prosecuted u if all moneys tew~ed hsrtby had rtNtwed priw to in irqtit~tion. 7. That in tM event thst at the beginning of w~t a~y time pending any wit upon this Mwtgage, a to fweclose it, w to roform N, a ro enfora psymMt of any da'sns herevnder, said MORTGAGEE shall apply to fhe Co~rt hsving jurisdiction thereof fw the appointment of ~ Reteiver, wch Cowt shall fo~thwith appoiM a roceiver of said mortgaged property all and sinpula?, indudmg all and si~gvlar the income, p~ofits, iuues and rerenues from what~ver tovrce derived, each and every of which, A be~ng expreuly undersrood, is l+ereby mor~gaged as if specifically set fath and described !n the p~anlir?~ and habend~Hn clauses hereof, and such Receiver sha11 have all tAe broad and effective funct~ons and powers in anywise entrusted by • Court to a Rsceive~, #~d •uch sppantment shall be made by stxh Gourt as an ~dmitted equity snd a matter of absolute r~y4t fo said MORTGAGEE, snd without referent~ ro the adeqvacy at &~adequacy of fhe wlue of the property mong~ged or to the solvcncy w insolvency of said MORTGAGOR or fhe defendann, and that such renn, profin, incane, iuues and revenues sh~ll be applied by such Recciver xcording to the lien or equity of said MORTGAGEE and tha practic~ of wch Cou~f. 8. To duty, prorr~tty and fvlfy perfwm, d~scharge, exece?te effect, compkte, oomplY with and sbids by eath snd every ths stipulations, ~grserr~ts, conditions ud covenants in s~;d promissary note and th:s mortgsge set fath. 9. ?hat in ths event the ownership of the mortga9ed prem;ses, or any pan thereof, becornes vested in a penon other thsn the MORTGAGOR, th~ MORTGAGEE, in successo~s and assigns, m~y, without notice to tMe MORTGAOR, deal wirA such successor a sexcessor in interss! with ~eference to this mor19ap0 ~nd the debt F~Meby setured in the sarne m~mer as with Mongagor w~thout in sny way vit~ating o? dischsrgioy the Matysgon' Iwbiliry herr under or vpon the debt hereby secwed. No sale of the prcmises hcrcby mortgaged and no fwbearance on the psrt of the MORTGAGEE or in succeswn or auigro and no extension of the time for the payment of the debt hereby secured given by the MORTGAGEf w in s~ccssson or auigns, shall operat~ to rekase, d~schuye, modify chsrge w affect tl~e wiginal liability of the MORTGAGOR he?ein, either in whok or in p~rt. 10. It is speciP~cally agreed fMt time is of the euence of this contract and that no wa'~ver of smr obligatwn here~x~der or of ths obtiystion aa- cured hereby shall at any time thereaher be held to be a waiver of fhe terms hereof a of the iratrument secured herby. t1. In add;tion ro tFro forego:ng mo~thly payments of princ:pal and interest required ~ and +grees to pa with each monthl ~ t~ ~°^"~y ^ote secvred hereby, mortgagor c y payment an add~tional sum estimated by mortgagee to be equal to 1/12 of the annual e foflow- ing: , A-All real property taxes kv:ed or assessed agai.nst the above al estate. t B-P~emiums on fire and windstorm insurance as he?ein requ~red to ' t ~ts situate on fhe above deKri~ed premites. C-Prcmiums on such mort9age 9wranty insurar gagee shall from time to time deem fit to ca e loari "s4+~~p~~;!~ ' Mortgsgee shall from time t morl in writi of the amount due ar?d ~ 9a9o? ^9 WYable hereunder and s~ u~?~e~due and payabls on the due e next monthly payment and each wccessive month thereafter u~til morfgagee shall ~ot~~ ~1~i~~°~~such i amount. ms shail be ~pplied by mortgagee toward the payrnent of real property taxes, insu?ance p?emSwns •1b1 pibtl4~~paj~*y-• jruu e ? . ; . _ IN WITNESS WHEREOf, the said MORTGAGOR F~ F~ n 1y~j~ ry~ ~yI the day and r f' +`es7Sd: ' ~ ~ siQn.d. .na ~n?e.ed in rh. praerKe 1'iLC~' ~ KC`Uf~LJ' ~T ~ _ ~'T. LUCIE COUNTY, Fl.a. B : RECO~[? ~iERI~~EO Y ~ V ? . ~ ' s~ 1`75804 Attest : ' • 'r9 I~lAR 19 A~1 11:31 ~ se~, sr ~ - - - . ,5~ - - - , STATE OF F aOG~ R 01~ LORIDA CLERII~@~~1~C~k1~lE I HEREBY CERTIFY, That on this 13~ day of :Karch A.D. 19 69 . , before me persanally appeared Robert E. Rose and !'~aY'y Rose respectively President and Sevetary , of ~ I1estQlen Corporation a Florida ~ Corporation, to me . known to be the persons described in and who executed the foregoing instrument, and severally acknowledged the exe- cution thereof to be their f~ee act and cleed as such officers for the uses and pursoses tF~erein mentiqr~ed; e t'they ~ y` . affixed thereto. the official seal of said oorporation, and the said instrument is the act and ~ :c~,~~or'sf icn. WITNE55 my hand and official seal at Fort Pierce said coun and state ~l ~r This instrument prepared by ' ~ ~ E" ` . A~~~ ~ ~1' =irst Federal Sav. & loan Assn. ~ - ' A'r • , ` ` ~ ~ of Fort Pierce Notary Public, i~ f~.= My Commiuion ~ i V Qy T omas A. D iscoll ~-.?3-~ ~i R~ -~f 1~,.•' - CfieJcod.,q~t ~o~ 176 ~ 7~ . ~ ~ ~ ~ ~ ~ _ _ _ ~ _ - _ - - - - ~ _