Loading...
HomeMy WebLinkAbout0454 . ; r~ - ; ~ S. To plac~ and continvoualy kNp on th~ bu(Idinps now or hr~eahN utuat~ on ~aid land and on a!I equlprtNnt ~nd p~rw~ully covK~d by thi~ mon~ aps, with ~p pr~mivms therwi? paid in full, iire tr?suranc~ in tM uswl ttudard policy form, in a sum approwd by tM MORiGAGEE, and winditwm in~wu~c~ in ths wwl iqndard policy fam, in • swn ~pp~ov~d by tM MORTGAGfE. in wct~ comp~ny a compa~ia as t!N MpRiGAGEE may dinctr and sll fir~ and windswrm inaura++o~ polici~s on ~ny af sald buildirgs, ~ny intsr~st therein a part therwf, ~ fM i~yrCq~t~ iWn ~fpONW Of In ~acess ~henof, sh~ll contain tF+e viwl atinda~d mortyap~ claus~ w wch othu cla~w u ~M Mwtpa~N may roqv'u~. makinp tF» lou unda uid potF ciea, each ~~d ~v~ryr. p~Yabl~ w ssid MORTGAGEE as ib inferett may app~ar. and each and svery svch policy shall b~ promptiy ~u:9ned and delivK~d to any heW by said 1MORTGAGEE as turther ssc~rity to s~id morl9a~ debt, snd, not I~ss tMn t~n (10) days in adv~nce of tM ~xpir~tion oi each polky, to dr liwr to ssid MORTGAGEE a ~enew~l the~wf, lopetMr with a receipt fa tM premiwn of such nnew~lj and there shall b~ no fir~ ar wir+dsto.m inwranu p~~ad on any of uid buildirg~. any lnteaesl thsr~in or put thsreof, unless in the form aod with tM lois payabM ~s afons~idj and in tl+~ ~vent any ~um of mon~y becan~s payabl~ ~edK wd~ pe~icy or polic;es said MpRTGAGEE ah~ll Mw tM option ro receivs +nd +pply tM same on acoount o( tM ir~bted~ neu sscvred I,Keby a w permi~ s~id MORTGAGORS ro roaiw u+d ua h or a~y pxt thereof fw othe? purposes. wi~hout thereb~ waivi~ig u imp~in iny any puiry, lian or ri9ht under w by virtw of ~his mo:tqspeJ and in tM ~vent sa~d MORTGAGORS shall for any r~asa~ fail to kecp tM aaid p?~mises so iniured, w f~il to delivar prompNy any of said policies of iravranu to said MORTGAGEE, or fsil promptty fo pay fulty ~ny p.emivm ther~for p ln any ~e:psct fail b pKlorm, discha?ge, ~xecute, ~ff~ct, tomple», comply with and abids by this covenant, or ~ny pa?t hereof, said MORTGAGEE may plap ~nd ~ paY fw such infuraoo~ a any part therwf without waivinp o? ~ff~ctinq any opYwn, Ikn. pviry, a righf under w by vinw of this Morp~pe, and the ~ full amo~M of each and ewry such paymer+t sl~~l bf iiwn~diataly dw and payabl~ and shall bear interesl from ths dat~ thereof u~til paid ~t ths rah of ~ n~ne per cMtvm pN anrwm and toyether with wch i~terest shall be secvred by tM lien of this mott~aye. To p~rmit, oommit or wffa no wuts, impairmem or deteriowtan of said prope?y or ~ny put thereof. 5. to pay all and sirgulu 1hs cosb, clwqss ~nd expenses, Gxludirg a r~asornble attorney's fes and cosb of ~buracts of titte, incuned o~ p~id ~t any time by said MORiGAGfE, because or i~ the event of ths failwe oo the par~ of ~h~ uid MORTGAGOR to duly, promptly ~nd fvlly psrfar~n, d~xhug~ execvte, ~ffect, oomptete, comply with a~d abi~ by each ~nd every ths itip~lations, agreemenq, conditions, and eovenants of said promissory note ~nd this mortgape any or ei~he~, and said costs, chupes and expenses. each ~nd every. shafl b~ immediately due and payabls: whethes a not ihere be no~ice ds mand, attcmpt to collect w wit pending; and tM full amoum of each and every wch psyment shsll bear interest from the dats tMreof until peid ~1 the rate of nine per centum per annum; and all said costs, charyes and expenses incwred a paid, together with such intersst, shall bs secured by ths lie~ of this mortysy~. 6. Tfiat (a) ie the event of any breach of this Mwtgs~~ or default on the part of the MORTGAGOR, w(b) in ths event aay of said wm~ of money hercin refared to !ie not p~omp~ty and fully paid within thirty (30) days oext afte? the same uveraHy betome due and payable, without demand or notice. or in the event each and every the stiputatiwzs, sgreenrents, conditiw~s and covensnri of sa~d promiuory note and this mort9aye any or eithet are nol j iuly, promptly and fully performad, d~schuged, execvted, effected, compkted, complied with and abided by, then in eitF?er a any auch ~wM tlw said aQ ~ gregate wm mentioned in said promissory note then remaininy unpaid, with interest accrued, and a11 moneys secured hereby, shatl becomt dut and pay- t abte fathw7th, p lIIQ/NftN~ at the option of said MORTGAGEE, as f~lly ud completely as it all of the said wms of money were or~inslly atipulated 1 to be paid o~ such day, anything in sa9d promiuory' ~rote or in this Mwtqaye ro the coNrary notwithstand~ng; and thereupon or the~eafte~ at tM option of ~ said MORTGAGEE. witF?out ratice or demand, s~it ~t law o? irt eqviy, thaefwe a thereafrer bcgun, may be prosecuted as if all e~o~eys seprred hereby had mstured prior to its instit~tion. 7. Thst in the event that st the beginninp of or at any time pending any wit vpon this Mwtgsge, or to fwecloss it, w ro refa~m h, or to er?fora payment of a~y claims hereunder, said MpRTGAGEE shalt apply ro the Covrt having jurisdiction the~eof fa tF?e appo;ntment of ~ Raceiver, t~ch towf sl?~II Forthwith appoint a receiver of said mwtgsyed property all and singutu, includmg all ~nd tingvlar the income, profits, issues a~d revMUes from whatever w~rte derived, each and every of which, it beinp expressly understood, is hereby mortgaged as if spet~ficatty set fotth and described tAe Sran~inq and habendum clauses i~ereof, and such Recairer shall }~ave ~II ~he broad ~nd effective funct~ons and powers in anywise entrusted by a Co~?t to • Receiver, and such appointment shall be made by such CouA as an admitted equity and s matter of absolute right ro said MORTGAGEE, and without referenca to tM edeqvacy w inadequacy of tAe value of the property mortgaged or ro the sotvency or insolvency of said MpRiGAGOR or the defenda~n. and that such renrs, profits, incane, issues and revenues shall be applied by such Receiver accwding to the licn or equity of said MORTGAGCE and the p?actice of such Court. 8. to duly, prompty and fufy perform, dixharge, execute, effect, comptete, compfy with ~nd abide by each and every the st}pulations, ~gre~ments, cond;tions snd covenants in ssid p?omissory note and tha mortgage set forth. 9. Thst in the event the ownership of the mwtgaged premises, w any part thereof, becomes vested in s person other than tF+e MORTGAGOR, tha MORTGAGEE, its succesaon and auigns, may, without notice to tFro MORTGAOR, deat with such successw w succeasor in interest with rcference ro this morrgage and the debl heseby setured in the same manner as with Mwtyagor without in any way vitiatiny a diuharging the Mortyagon' liibility hera- under or upon the debf hereby xcured. No tale of the premises hereby mortgaged s~d no forbearance on the part o) the MORTGAGEE or its successors or assgns and no extension of the time fw the payment of the debt hereby secured given by the MORTGAGE~ or its sutcesson a assig% sha11 op~rats io release, diuharge, modify change or affect the original liabitity of the AhORiGAGOR herein, either in wFwk w in put. 10. It is speufically agreed that time is of the euence of this contrsct and that no wsiver of any obligation herevixier p of the obli9ation se- _ cu~ed hereby shall at any time thereafter be held fo be a waivet of the terms hereof or of tF~e instrumeM setmed he~by. 11. In add~tion fo the forego:ng monthly payments of princ'pa! and inteiest ~eqvired by t}k promiuory note secured hereby, mortgsgor covens~is and agrees to pay to mortgagee with each monthly payment an addiiional sum estima~ed by mortgagee to be equal to 1/12 of the annual caat of the follow- ing: A-All real property taxes levied o~ auessed agai~st the above described real esraM. ~ B-Aremiums on fire and w;ndstorm insurance as herein requ~red to be carried on the improvements sitvate on the sbove described premises, C-Premiums on such mortgage guarartty insurance as mortgagee shall from time to time deem fit to carry on the ban secured hereby. Mortgagee shall from time to time notify mwtgagor in writing of the amount due and payabk hereunder and such sum shall thereupon be dve ~nd payabte on the due date of the nezt rtanthfy payment and each successive month thereafter until mortgagee shall notify mortgagor of a cha~ge in such amount. $uch wms sF.all be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortga9e guarsnty insurenca premiums. IN WiTNESS WHERFOF, the sai ~ AAOyrc AGOR Ms hereu L.I~eri~~~seal the day and year fint afwesa;d. s~ se~iea ~ a ~r~ ~tlLED A~~~«`'"•~ ! gT. LUCIE~~ ~U~IFIED`A r n ~r_. 0 By: . n 1 ~~`3'~v A t St: - ~ ~ - _ _ . _ _ _ ~y 12 PM t2 : ~Z~ _ ,~--n J ~ R ~OtTRAS - - - - _ . - STATE OF FLORIDA ~~b~~Ft~1~lE I HEREBY CERTIFY, That on this day of J~e , A.D. l9 6g before me personally appeared Edmund M. Radke a~d Doris M. Radke ~ respectively President and Secretary , ot Edmar, Inc. a_ Florida ' Corporation, to me known to be the persons described in and who executed the foregc?ing instrument, and severally acknowledged the exe- cution thereof to be their free act and deed as such officers for the uses and pursoses therein menti sgc~ #tst . ~ ~ . ~ affixed thereto the official seal of said corporation, and the said instrument is the act and dee~.~of WITNESS my hand and officiai seal at Fort PierceSt.Lueie. Florida ~ . said counry and states,~ : • ' j . i.,. C-,' V~'• r ~ Notary Public, in and for State anc}~guun My Commiuion Ex res: ` _ ~ , S , 1~~ ~3_~'~'~~ '~:~i=r~ C~.~~ `t_ ~.$4~-~j~ . ~ ~w : . ~ . This instru~~ent pr~pa~ b~ . ~ ' Checked ey J. cnilin~ first federal Sav. & Loan Assn. • ; of fort Pierce ~ooK~78 ~ 45~ ~ g~ J. coii~n~ ~ F . . _ , . m~.....~ - ' . - .