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Home My WebLink About2726 To plac~ and contiovouily keep on tF+~ build~rgs now w i+Keaf~N ~i~wt~ on said I~nd and on ~II equipm~e?t ~nd p~rw~+~tly cov~r~d by this ~p- s~~, with ~II premiurt+s ihereon paid in full, fir~ insu~anc~ in tM uwal sta~dard poli~y fpm, In a sum approvtd by tM MORTGAGEE, and winditwm inawa~xe M tM vswl ifandard policy fam, in • sum approved by t!» MORT('sAGEE, in sucA company w compan~~s si th~ MORTGAGEE m+y dir~dl ~nd ~U fk~ ~~d windirorm inw~u?c~ policas on any of said buitd~npa, ~ny inM~~s1 thaei~ or pa?f thereof, it~ the ay~~eQat~ sum sfw~s+ld or in ~xMtt iixrMf. tMil contain fhe v:wl :tandud ma~gap~s daus~ or such othsr clwu a tM Ma1~s9ee may ~equve, makir?p the loss unda uid po14 ' ci~s, each ~nd ~v~ry, p~yable to said MORTGAGEE as ~ri intere~t may appesr, u+d each a~+d ~very ~uch policy shall be promptly ~u:yned u+d dalive~ed to •ny held by s~id MORTGAGEE ss furthet set~rity to s~id mortyage debt, ar?d, not les~ than ten (l0) days in advance of Iht ~xpiration of each polity, to dr l;vN to iaid MORTGAGEE a renewal 1Fx~eof, to~e~her wirh a receipt for the p?emivm of suth re~ew~l; a~d there shatl b~ no fire a windstorm i~turarx~ pl~c~d on ~ny of said buildioys, ~ny intereit therein or part theraof, unless in tM form and with th~ lou payahle as afo~esaidt and in tM ~vent any sum } of mon~y becom~s payabl~ veide~ such policy a politiss said MpRTGAGEE shall Mw ~he optio~ ro receive and appty the same on acco~nt of the indebted~ ~ ness secund hereby w q permit s+id MORTGAGORS ro?eceiva and us~ i1 0~ any pa~l thereof iw other pvrpose:, wi~hout tfi~eb~ wai~i~~g u~mpai~- inq any puity. IiM a ripht u??der w by virtve oT this morsgage; ar+d in tl+~ ~vent ss=d lNORTGAGORS shall fw any reason hil to keep the said premiies io ~ insured, or f~il to deliva promptly ~ny of said policies of insurance to sa~d MORTGAGEE, w fail promptly to pay fully any premivm the~efor w in any reip~ct fail to pNfwm, dischargs, execute, effect, complete, comply with ~nd abid~ by this covenant, or any part hereof, wid MORTGAGEE m+y pl~ce ~nd ~ pay fw such inwranet or any pa~f theraof wirhout w~ivirg or ~ffectiny a~y option, lien, equity, w right u~de~ w 6y virtus oi ~his Mwtgaqs, and the i full ~mount of tach ~nd rraty such paymenl shall bt immediately due and payable ~nd shall bear interest from ths date tF?~reof untit paid at ths rat~ of nine psr centum per snnum a~d topetFxr with such inte~est shall be secured by the lien of this matg~ge. ~t. To permi~, aomrtdt or wfEer no waste, &npai~ment w deterioraYwn of said p~operty w ~ny psA thereof. 5. To pay a!! and iingulsr the coats, chuge~ and expenses, including a reasonable anwney i fee and costs of abstrscts of title, incu~red w paid at any time by wid MORTGAGEE, because w in the event of the failure on ihe part of ths said MORTGAGOR to du(y, promptly and lutly perfwm, diuha~g~ execute, effett, compkts, comply with and ab~de by each and every the stipulations, ayreemenn, conditions, sr?d cove~anet oi said promiswry note and thif mortyaye any w either. and wid costs, chargq and expenses, each and every, shall be immediately due and payable; whether or not there be notice dc mand, alfempt to collect or ~uit pend~ng; and the f~ll amount of each and every such payment shall bear interest from the date thereof until paid at the rate of nina per centum pe? annum; and all said msts, charges and expe~xa inc~rred or paid, tpgether wdh such intsrest, shall be setured by the lien of thiu ^+atp+p~• ~ 6. Th~f (a) in the event of any brexh of this Mwtgsge w default on the part of the MORTGAGOR, or (b) in the event any of xid sums of money herein refe~red ro be not prompNy and fu!!y paid within thi~ty (3p) days ~ext alter the same severally become due and payable, without demsnd w notice. or in the event esch and every the sNpulations, agrecmtnb, cond~tions and cov~nsnts of sa~d promissory note and this mortgage ~~y w either ~re nof ~uly, promptly and fully performed, dixhsrged, executed, effected, completrd, complied with ~nd abided by, then in either w a~y such ~ven1 the uid ag ' gregate wm mentaned in said promissory note then remaining unpaid, with iroerest accrved, and a!t moneya setured hertby, shall becoma due and pay- sble fwthwith, or th~reafte?, at tFa option of said MORiGAGEE, as fully and completety a~ if aN of the said sums of mone~ were aigi~slly stiputafed to be paid on s~ch day, anylhing m said promissory note w in this Mortgage fo the cororary notwithstanding; snd therevpon or thereafter at tl~ option of said MORTGAGEE, without IWfit2 w demand, wit at law or in eqvity, therefore or thereahcr begun, may be prosecuted as if ail moneyt secured hereby had matured prat ro in iiutitvtion. 7. That in tla event rhat at the beginning of w af ~ny time perxli~g any suit upon this Matgage, w to fweclose it, o? to reform it, or to enfwc~ payment of any claims he?eunder, said MORTGAGEE shall apply to the Court having ju+~sdrctlon thereof for the appoi~tmeM of a Receiver, such Court shatl forthwith ~ppoint s receiver of said mwt8aged prooerty att and singutar, includ~nq all and singular the income, profits, issuq and revenues from whatever wurce derived, eath and every of which, it being expressly unders~ood, ia hereby mortgaged as if specifically set fwth ~nd desuibed in the granting snd ! habendum clauses hereof, and such Receive~ shalf have all Ihe broad and eifective funct~ons and powers in anywise entrusted by a Court to a Receive~, ar+d i :uch appointment shal! be made by such Court as an ad~nitted equity and a matter of abselute right to said MORTGAGEE, and without refe~ence to fhe edeq~acy a inadequaq of the value of the property mwtgaged or to the solvency w insolvency of said MORiGAGOR or the dcfendants, and that such rents, profin, income, iuues and revenues ahaU be applied by such Receiver accordi»g to the lim w equity ot said MORTGAGEE and the practice of s~?ch Court. 8. To duly, promptly and fully perform, discharge, execute, effect, cornplete, comply with snd ~bide by each and every the stipulations, sgreements, conditions and covenanrs ~n said prom;sswy rate and thts morrgage set fwth. 9. That in the event tt~e ownership of the mwtgaged premises, or any pa?t the~eof, bccomes vested in a person other th~n the MORTGAGOR, tM MORTGAGEE, its successon and ass~gns, may, without notice to the MORTGAOR, deal with such sutcessa or successw in interes~ with reference to thia mortgsge and ihe debt hereby secvred i~ the same manner es w~th Mortgagor without in any way vitisting or dixharging the Mortgagors' Ilability he~s- under or upon the debt hereby secured. No sale oI the premises hereby mortgaged and no (orbearance on the part of the MORTGAGEE or its succeuors or assgna and no exte~sion of the time fw the payment of the deb~ hereby secured give~ by the MORTGAGEE or its succeuws w au~gns, sh~ll operate ro release, discharge, modify chsnge w affect the orig~nal Iiab~l~ty oI the MORTGAGOR he?ein, either in whole w in part. T0, tf is specifically agreed that tlme is of the essence of this tont~ad and that no waiver of any obl~gat~on hereunckr or of the obliyatio~ se- cured hereby shall at any time thereafter be heid to be a waiver of the terms htreof w of thc instrument setured herby. 11. In add~tion to the forego:ng monthly payments of princ'pal and interest required by the promissory note setured hereby, mortgagor covenants and agrees to pay to mo:tgagee with each monthty payment an addirional sum est;maled oy mortgagee to be equal to 1 j'12 of the annual cost of the follow- 'ng: A-All real property taxes kvied or assessed agai~st the above described real ~tate. B-Premiums on fire and windstorm inaurance as he~e~n requ~red to be carried on the ~mproveme~ts situate on the above described premises, C-Premiums on such mwtgage gua+anty inwrar~ce as mortgagee shafl from rime to time deem fit to carry on the ba~ secured hereby. Mortgagee shall from tirtse to time notify mortgagor in writing of the amount due and payable hereunder and such sum shall thereupo~-be due and payabte on the due date of the next monthly payrreent a~d ea~uccessive month thereafrer ur,til mortgagee shall notify mortgagor of a change in such amount. $uch sums shail be applied by mwtgagee Lqward the ~nent of rea! property taxes, insurance prem;ums, and morta~ge . guaranty insura~ce pre+niums. . G~ U~l~f ' - - - - IN WITNESS WNEREOf, the said MORTGAGC jhas hereuito set his~ ~ind seal tFx day and year first ~fwesaid. ,'~s 1~. Sesled de~i e pr ~f~ /~y~-~ -r r" f*1 ar _ ~ .',3 ~ = G'. ~/r„/ ~ n (7 BY : t ~ ' _ ~r; 0~ `;.n? ohn P. Ho ~ - flr~" ent~ • ~ ; ~ , ~11'?~S? : ~ • ` ' ~ I ~ - red F. Adass SsC~at~ty p. _ ; ~ . _ - - - O ~ - - -~`r.~~-- --j~ ~ " ~ - - - - - . ~ : _ . ~ ~ • • ~ T l~1~ . , STATE OF FLORIDA ~ C~N D; ~UC~E ~ HERE6Y CERTIFY, That on this a~ ~d day of ~ J~ly , q,p, ~q 69 , before me personally eppsared John P. Hoke a~ F=od R. Adaas respectively a~ President and Seuetary , of _ H b A RBNTAL,S, INC. ~ b Rlorida Corpwation, to me ' known to be the persons deu~ibed in and who executed the foregoing instrument, and uverslly acknowledged the ext cution the~eof to be the;r free ett and deed as such officers for the uses and purposes therein mentioned; and tfist they ` affixed thereto the official seal of ssid corporation, and the said instrvment is the ect and deed of said corporation. ; ~ WtTNESS my hend and official seal at Fort Pierce ~ , sa~d county and state. This Instruatnt Pr~pas~d By ' ~ ~ ~ John W. Collins Fisst Fede=al Notary Public, in ard for State and County aforeseid. f Savings & L,oan ~ssoeiatior of My Commission ExF~iras: /,2 7~ ~ort Pi~rc~, Rlorida i Checked By ~ . ; ~ p c~; : QOOK ~ 7Q PACE ~7~?J r ~ r 4 SG < _ a. _ _ I _ . ~ _ i~.3`x a