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Home My WebLink About2598~ , ~. ~ ~ < ',. S. To place and contLwously keep on tM buildings now or hereafter situate on said land and on all equipment and personafly covered by this mortg. age. with all premiums thereon paid in full, fin insurartq in tM uswl standard policy form. in • sum approved by tM MORTGAGEE, and windstorm tnwrsrtce in tM uswt atardud policy form, in a sum approved by tM MORTGAGEE, in such company a companies as tM MORTGAGEE may d'uectt and all fire and windstorm imurartce polkies on any of said buildings, any Interest therein a part thereof, in 1M aggregate sum aforesaid a In excea thereof, sMll contain tM uswl standard mortgagee clause or such other clause as tM Mortgagee may require, makug 1M loss under said poll- t:ies, each and every, payable b said MORTGAGEE as iri interest may appear. and each and every such policy sMll be promptly assigned and delivered to any Mld by said MORTGAGEE as further security ro s+id mortgage debt. and, not less tMn ten (10) d+ri In advance of tM expiration of each policy, ro de• liver ro said MORTGAGEE a renewal thereof, together with a receipt for 1M premium of such renewal; and there sMll be no f'ae or windstorm inwrante placed on any of said buildings, any tntuest therein or part thereof, unless In tM form and with tM loss payable as aforesaidt end in tM event any sum of money becomes payable vnrMr such polky or policies said MORTGAGEE sMll Mw tM option ro receive and apply tM same on account of tM indebted. mess secured hereby or ro permit said MORTGAGORS to receive and use N a any part thereof fu other purposes, without thaeb~ waiving or impair- ing any equity, 1'ron or right unde- or by virtw of this mortgage; and in tM event said MORTGAGORS sMll fa any reason fail ro keep tM said premises so insured, a fail ro deliver promptly any of said policies of insurance ro said MORTGAGEE, or fail promptly ro pay fully any premium therefor or in any respect fail ro perform, discharge, execute, effect, tompkte, comply with and abide by this covenant, or any part hereof, said MORTGAGEE may place and fu I famount of each and every sd- paymem sMMll be but diateiy due~and payable end shallu-bear interest from tM dafevrtM~of ~; ~ a~Maratetof nine per centum per anrwm and together with such interest shall be secured by tM lien of this mortgage. 1. To permit, oorrtrrtit a wffer no waste, impairment or deterioration of said property a any part thereof. 5. To pay all srd singular tM costs, dtarges and expenses, indudag a reasontabk attorney's fee and costs of abstracts of title, incurred or paid at any time by said MORTGAGEE, because err in tM event of 1M failwe on tM part of tM said MORTGAGOR ro duly, promptly and fully perform, discharge execute, effect, uxnptete, comply with and abide by each and every tM stipulatioru, agreemenri, conditions, and covenanri of said promissory note and this mortgage any or either, and said costs, dtarges and expenses, each and every, shall be immediately due and payable; whether a not there be notice d- mend, attempt to a>1kct or wit peritGng; and tM full amount of each and every such payment sMll bear interest from tM date thereof until paid al the rate of rune per centum per anrwm; and all said costs, chuges and expenses inwrred or paid, together with such interest, shall be secured by 1M lien of this mortgage. b. TMt (a) in tM event of any breach of this Mortgage a defwlt on the part of tM MORTGAGOR, or (b) in tM event any of said sums of money herein referred to be rat promptly and fully paid within thirty (30) days next after tM same severally become due and payable, without demand or notice, or (c) in tM event each and every tM stipulaYaro, agreematri, cordiYans and covenants of said promissory note ar+d this mortgage any a either are not iuly, promptly end fully performed, discharged, executed, effected, completed, complied with and abided by, then in either a any such event tM said aft gregate sum mentioned in said promissory note then remaining unpaid, with interest accrued, and all moneys secured hereby, shall became due and pay. able forthwith, or thereafter, at 1M option of said MORTGAGEE, as fully and completely as if all of the said wms of money were originally stipulated to be paid on such day, anything in said promissory note or in this Mortgage fo tM contrary notwithstanding; and thereupon a thereafter at tM option of saint MORTGAGEE, without notice or rkm+nd. wit at law or in equity, therefore or thereafter begun, may be prosecuted as if all moneys scarred hereby had matwed prior to iri institution. 7. That in tM event that at tM beginning of a at any .time pending any wit upon the Mortgage, a ro foreclose it, or ro reform it, a to enforce payment of any claims Mreunder, said MORTGAGEE sMll apply to tM Court Mvirg jurisdiction thereof for tM appointment of a Receiver, such Court sMll Forthwith appoint a receiver of said mortgaged property all and sirgvlar, including all and singular tM income, profits, issues and revenws from whatever source derived, each and every of which, it beirg expreuly understood, is hereby mortgaged u if specifically set forth and described in tM granting and habendum clauses Mreof, and such Receiver sMll Mve all 1M broad and effective functions and powers in anywise entrusted by a Court to a Receiver, and such appointment shall be made by such Court as an admitted equity end a matter of absolute right to said MORTGAGEE, and without referenxe to tM adequacy or inadequacy of tM valve of tM property mortgaged or to tM solvency a insolvency of said MORTGAGOR or the defendanri, and that such rents, profiri, income, issues and revenues shall be applied by such Receiver according to tM lien a equity of said MORTGAGEE and tM practice of such Court. 8. To duly, promptly and fuly perform, discharge, execute, effect, complete, comply with and abide by each and every tM stipulaYans, agreements, conditions and covenants in said promissory note and this mortgage set forth. , _ 9. That in tM event tM ownership of tM mortgaged premises, a any part thereof, becanes vested in a person other than tM MORTGAGOR, tM MORTGAGEE, iri successors and assigns, may, without rairce to tM MORTGAOR, deal with such successor or successor in interest with reference to this mortgage and tM debt hereby scarred in tM same manner as with Mortgagor without in any way vitiating or discharging tM Mortgagor' liability Mre- under orupon tM debt hereby secwed. No sate of tM premises Mreby mortgaged and no forbearance on tM part of tM MORTGAGEE or iri suttessors or assigns and no extension of tM time for tM payment of tM debt hereby secured given by tM MORTGAGEE or its sucuKSOfs or assigns, shall operate to release, discharge, modify change or affect tM original liability of tM MORTGAGOR Mrein, either in whole or in put. 10. It is specifically agreed that time fs of tM essence of the contract and that no waiver of any obligation Mreurtder or of tM obligation se- cured hereby shall at any time thereafter be Mld to be a waiver of tM terms hereof o. of tM instrument secured herby. 1 i. In addition to the foregoing monthly payments of pri~c:pal and interest required by the promissory note secured hereby, mortgagor covenants and agrees to pay to mortgagee with each monthly payment sn addir'ansl wm estimated by mortgagee to be equal ro 1/12 of the annwl cost of tM fo{low- ing: A-All real property faxes levied or assessed against the above described real estate. trrrti,~~• f1-Premiums on fire and windstorm insurance as herein required to be carried ort the improvements situate on the above desglKEd p~ernisef.'--;_ C-Premiums on such mortgage guaranty insurance as mortgagee shall from tune to time deem fit to carry on tM loan sead'red he ~,r~y~~ ~ ` - Mortgagee shall from time to Yune notify mortgagor in writing of tM amount due and payable hereunder and su:h wm slgtll,t~eupon be'~l~ payable on tM due date of the next monthly pay,Lnent and each successive month thereafter until mortgagee shall notify mortg~Qi of a charge 'int {>i~lt: amount. Such sums shall be applied by mortgagee toward thd'peynrent of real property taxes, insurance premiums, and ` age ~v4antx ~rtaisapsta premiums. ~ ,.~= ' _ ~" IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set ha Mnd end seal the and yeu f'ust for ' ~ ~~ ~ ~ c,?: red, Seal and del' in presence of: I~RRYWE HER- I _~.t 'I~C• ! • ` 4 FILED AND REG~~ED , s~...•• -. ~:~ ST, LUCIE COUNTY. FL ,:. ~ ATTE ~ ~ - e oni, sere any STATE OF FLORIDA CpLINTY OF ST. LUCIE ~• ROGER POITRAS ~ tember 69 1 HEREBY CERTIFY, That on this l~ rL,Ff~N~r~ritiT rnlltsT? p , A.D. 19 , before me personally appeared Joseph Peons. and Blanche Peons respectively President and Secretary , of Merryereather Investment Co. , Inca ~ 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 free act and deed as such officers for the uses and pursoses therein mentioned; and that they affixed thereto the official seal of said corporation, and the said instrument is the ad and deed of said corporation. .t'nrr+ said noun WITNESS m hand and official seal at ~ p ty state. This instrument prepared ~r-~ vs~~~" -.: ~.; . John Wa Collins = ~~•`:''~~4~, ~-.~*.~'~lotery Public, i d for Stake and County aforesaid. First Federal Savings and: , Q . ~ . J tom: Wyly Commission plies: ~ry~ ~, G~ l p 7 Association of Rort Piercer .O _~j _~ ~:' Rotary !~, ale d Ronda ~ . ., ••o- ..~ =~ _ Ml- Ca1~lataon E:p~a ~ 6. 19~ ' % o.'• `:~''O-;tip 1 . _ Ilrrdrtet„i..~.ara.~Ir~I Che~cer sy ~ ti~~` ~. ~ ~ I .. Bo~K 179 PACE2596 r- ~ .~