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Home My WebLink About1325 . ; , . # ? , • ~ ~ I 3. To ptac~ +nd con~inuously keep on th~ buiidinps raw w MrNf1N situ~tt on s~id land ~nd on alt equipm~nt and pNSOnally covaed by this na.t¢ ?g~, with all prsmiwns thereon ps~d '+n full. fi~~ irtsurant~ in the uiwl tta~dard policy fam. i~ • sum approv~d by ths MORTGAGEE. and winditwm insw~ats in tM usual s~andud policy fam, in a ium ~pprov~d by tM MORTGAGEE, in wch company or comp+nies +s the MORTGAGEE may dir~ttp and all flr~ and windstorm iruurance polici~s vn +~y of iaid build~nps, any intenst tl~erein o. pa.~ thereof, in tM ayyre9ato wm afortsaid o? In ~xcess therwf, sMll contain the ~s~al standard morrgape~ cla~w w such oths~ da~u u tM Mort9~gsa may rpuin, m~kinp th~ loss ~r~de~ wid poli~ cies, ~ach ~nd every, payabk a said MORTGAGEE u ib ime~at may appea?, and eac ::nd every tuch policy ihall be promptly ~u~gned and delivered to t any heW by said NIORTGAGEE u fv?ther seturity ~o aid matya~~ deb4 snd, r+ot ku than te~ (10) days in advance of fhe expiration of esch policy. to d~- IivN to said MORTGAGEE a renewal thereof, topether witA + reteipt fot the prtmivm of such renewal; and there shall be no fire w wind~torm ins~rsnt~ plaud on ~ny of said bvildinys. ~ny interest 1Mrein a p~rt thareof, unleu in tM form ~nd with th~ lou payable as afaeiaids +nd in tFN ~vent ~ny sum of money becomes pay+bl~ w+de~ such pol3cy w policas said MORTGAGEE shall Mve tM optan ro receive ar?d spply the sama a+ ~ccount of the indebted~ neu secur.d her•by or ro permi~ ia~d MORTGAGORS ro reteive u~d ~?s~ i1 w+nY part thereof fa othcr pu~poses, without thercb~ waivi~y a impair- inp ~ny pviry, lien o~ riyht under w by virtw of this mo:type; ~nd i~ the ~vent iaid MORTGAGORS slwil fot any reason fail to keep the said premises so insured, o~ iail to delive? promptly ~ny of said polities of insuranu to said MORTGAGEE, a fail promptly to pay fu~ly ~ny premium therefor w in any respect fail b psrfonn, diacharge, ezecute, effed, complete, comply with ~nd abide by this mvena~t, or aoy part Mreof, aid MORTGAGEE m+y place and paY fw such iniuranct w any paA the~eof without waivinp a sffectinp any opfwn, lien. eq~ity, w rigM under w by virtw of thls Mon9spt. ~nd the full ~mount of ~ach and ewry such payment shall b~ irrunediately dw a~d p~yable and thall bear interest from the d~te the~eof v~til paid at ths rat~ of n~ne per centum per snnum and togethe~ with such interest thall be secured by the lie~ of this mwtp~ge. 1. To permit, commit a wffer no wuts, imp+'ument a deterantion of said property or +ny pa?t thereof. S. To pay all and sirgulu the cosn, cMrges and expenses, incl~rding a reasonabte n+~wney's fee and costs of abstrads of titls, incurred w paid at any time by said MORTGAGfE, because w in tM ~vent of the failure on the part of the wid MORTGAGOR to duly, promptly ~~d fully perfwm, d~KhargR ! execute, effect, comptet~, comply w~th and ab~de by each ~nd every the stipulatiw?f, sgreerr~.:ts, cond~tions, and mvenann of said prom~ssory note a~+d thi~ ~ :n,xtgags any or either, and sasd costs, cMrges and expensrs, esch and every, aMll be immed:ately due and payable; whether or not there be notice de mand, attempt to collecf w wit pending; and tM full amo~M of each and every :uth payment shall bea. interest from tl+e dat~ thereof un/il paid af the rate of nine per centum per amwm; and all said cosn, charges and expenus incvrred u paid, ~o~ether wuh iuch interest, shall b~ secured by the lien of tha ^wrtp+9~. b. Thst (s) in the event of any brexh of thi~ Mortgage or default on the paA of the MORTGAGOR, w(b) in the event any of sa¢d wms of monsy herein referred to be not promptly snd fully paid within thirty (30) daya next after the seme severally become due and payable, without demand w notice, or (c) in the event cach and every the ~tip~rlstions, agraemeMS, conditions and covcnants of u~d promisswy note and th~s mort~age any w either ~re not iuly. promptly and fully perfwmed. dixMrged, executed. e4fected, compkted. comptied with and abided by, then in e;ther w ~ny such ~wM tM s~id gregate sum mentaned in said promisswy note then remaining unp~id, with interest atuued, and all moneys secured Fxreby, shal) betome dw and p+y~ +ble fathwith, a thereaRer, at tF+e option of said MORiGAGEE, u f~lty and completefy as if all of the said sums of money wsre orginally stiputated to be paid on such day, anything in said prom~ssory note w in this Mor~gage to the contrary norw~~hstanding; ~nd ~hereupon w thereafter at the op~ion of said MORTGAGEE, without notice w demand, svit st law or in equi!y, therefote or tF?ereafter begun, may be prosetuted as if all moneys s~tured hsraby had matured pr~w lo its institution. 7. That in iha event that ~t the beginning of ot at any time pending any iu71FJ~ Qi~ g ~4se 1t, w to reform if, or fo enforc~ payment of any cla~ms hereunder, said MORTGAGEE sha11 apply fo the Court havir8~ri tmC~lf OF a RKliVN. such Court sMll Forthwith appoint a receiver of said mortgaged propeAy alI and singular, includ~n9 ail a ~a r . ~t~ iuxt a~d revenues from whstever source derived, each and every of whith, it beiny exp?cssly understood, is hereby mor 9sg ~ s}~i~T~t~ fwt}? and desctibed In Ihe qrantiny and habendum clauses hereof, and such Receiver shall hsve all the broad and effedive ~unct+ons and powe~s in anywise entr ted by a Co~~f to a Receiver, and s~ch appoinrment shall be made by such Court as an admitted equity and a matter of absolute r~ght id ~1~E, and. without reference to the adequacy or inadequaq of the val~e of the properry mortgaged w to the soh~ N1+Rfi~A R w the defendann, and that such renrs, profits, incorne, iuues and revenues shall be spplied by suth Reteiver Rl~r ' bM s~I1~RTG GfE and the prattice of such Court. 1 • }l Y 8. To duly, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each a ry ihe stipulationa, sgreemenri, condit'aro and covenants in said prom~ssory note and this mortgage set forth. ~ t- ~3 p~ F,~ ~ a rson other than the MORTGAGOR, ths 9. That in the event the owne?shi of the mort a ed emises, w an rf' fhi?~ ~~~;~y t MORTGAGEE, its successors and auigns, may, without notice o the MORTGAOR, deaT with il~Ml `sbc1~~~A~esso? in interest with reference to this mo~tgsge and the debt hereby setured in the same manner as with Mortgagor withovt in any way vitiating or dixharging the Mortgagors' liability hera under or upon the debt hereby secured. No sale of the premixs hereby mortgaged and no fwbcarance o~ the pan of tF+e MORTGAGEE w its successors or assigns and no extension of the time ior the payment of the debt hereby secured given by the MORTGAGff or its svccessors w assigns, shall operate to release, d~xharge, modify change w affect the o~iginal liab~lity of the MORTGAGOR herein, either in whole or in pa?t. 10. It is spec~fically agreed that time is of the euence of this contract a~d that no waiver of any obligat~on hereunder or of the obl'~gat'an sr cured hereby shall at any time tFxreafter be held to be a waiver of the terms hereot w of the instrumeM secu~ed herby. I1. In add~tion to the fwego:ng mortthty payments of princ~pal and interest required by the promiswry note secured hereby, rtwrtgagor tovenants and agrees to pay to mortgagee with each monthly payrne~t an add~rional sum estimated by mortgagee to be equal to 1/ 12 of the annual cost of the follow- ]ng: , A-All real property tszes levied or auessed agai~st the above described real estate. B-Premiums on fire and windstorm insu~ance as herein requ~red to be carried an the improveme~ts sit~ate on the above described premises_ C-Vrem;ums on such mortgage guaranty insu~ar~ce as mortgagee shall from time to time deem fit to carry on the toan secured hereby. ~ Mortgagee sha~l from rirne to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupon be due and ~ Fayable on the due date of the next monthly payment and each successive month thereafter ur.til mwtgagee shalf notify mortgagor of s change in such amount. Such sums sF.afl be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance j p~emiums. ~ IN Y/ITNESS WHEREOf, the sai MO AGOR has DeuAnlQ~e~s~~~sea1 the day and year first aforesaid. S' Seated a etiv i presence Ft~,E iVU na~ IE COUNTY. FLA• ; ST• LV ~vr VF~IFIEC r _ .n ; 4'~-• By: ~ .q € - 1'79~20 ~Att St: - - ~ JIS~~ ~ 2 PM ~2 : 2 i ~ - ~ - - - - - . . ~ ' AD ~ ~ rOtTRAS ~ STATE OF FLORIDA ~g ~~tl{ID~~~E ~ 1 HEREBY CERTIFY, That on this " day of June q,p, ~q b9 ~ ~ ~ ~ before me personally appeared Edmund M. Radke and ~ris M. Radke ~ ~ respectively President and Secretary , of ~ ~ ~ Edmar, Inc. ~ a Florida Corporation, to me = known to be the persons described in and who executed the foregoing i~strument, and severally acknowledged the exe- cution thereof to be their free ad and deed as such officers for the uses and pursoses therein mentione4l; a~Cl thst they ~ r - _ , ~ affixed thereto the officia) seal of said mrporation, and the said instrument is the act and deed.'ef~-+~~-Spp~protfbn. ~ ~ WITNESS my hand and official seal at Fort PierceSt.Lucie, Florida i':.•••::~~~ • ~ ~ , said county and state~,;_. . _ This instr~er~t prQpared by 1.~ Y P v, "'~i. John W. Collins ~ r~' ~ ~ Notary Public, in and for State and Cqunty~ ~ ~ Fizst Ftderal Ssviaqs and Loaa My Commission Expires: ~~,3_ r; , , ~ Associatic~ ot Fort Pi~zcf, Florida ~r ` + , ~ ~ s~ :t-'~w ~ L. ^ ~ ~ - - - . This instru~ert pr~p~ L~ coiiins first Federat Sav. & Loan Assn. ~ Checked By ~ of fort Pierce gODK~78 PACE 453 . gy .r. cozi~ns. ~ ~ ~ ~BaR~ ~78 ~~E~32~ _ . ~ _ - ~ ~ . _ ~ . r , _ . _ _ . m