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Home My WebLink About1260 To plac~ and continvovsly kNp on th~ buildinps now a M~~+fiK ~itwt~ o?~ sa~d ~+od aod on dl p~ipm~n~ ~nd p~nonally covered by this mat~ p~, with ~11 premiums thereon p~id in full, fin insur~nct in tM oswl ttandard po~~y form, in • tium approved by the MORTGAGEE, and wi~tam inswance i~ th~ uswl s~and+rd policy fam. in • w+n ~pprowd by tM MORTGAGEE, in wch tompsny or com+panies ~s the MORTGAGEE n+ay dinsU +~+d s0 ftr~ snd w~ndsarm inswaaa policiea on any of said build'u+ps, ~ny Soter~il therein o? p~?t tlKreof, in ~F~ ay9.e9are wm alaeuid or In ~xau ~herecf, sh~ll coe,tain thc ~swl sunda~d mor~y+qe~ d+uu o~ iuch o~her clav~ as th~ Morroape~ m+y r~q~k~. makinp tM loa unde. said po1L ciss, each and wery. p~Yabl~ 1o taid MORTGAGEE as iq iote~sst may ~pp~ar. and e+ch +nd ev~ry ~uch policy thall i» promptly au:yned and d~livtred to any Mld by said MORTGAGEE ~t fv~ther fecurity to t+id mortps9~ debt, uid, not Isu than ten (10) days in advanct ot the ~api~ation of each policy, ro da IivN to s+id MORTGAGEE • ra+ewal thtr~o(, toQelhN with a ~eceipt fo~ the {xemium oi such renewalj and there shall be no firs w windstam inwrant~ pl~pd on ~ny of said buildinyt. ~ny inta~tt therein or p~rt thereof, unleu in th~ fum ~nd with tM bss pay~bte u ~iwesaid~ u~d tn tM ewnt ~ny wm of nwnsy becar~ p+Yabt~ ue+dN sucfi Polk1? w PdK'n s+id NIORTCaAGEE shall Mw ~!a option to receive and ~pply t~b s+m~ on acco~nt of tlw Ind~bt~d- ness secv~ed hereby or w pa~mit said MORTGAGORS ro nceiw ~nd ~ ft a a~y pat thereof for other purposes, wi~hout thxeb~ waivi~y w impsir- tnp any p~rity, lien u ri9ht uede. a by .i~tw of this mwtyap~i ~nd in rM ~vMr said MORTGAGORS d?aIl fw a~y rea:or? f~il to keep ~he s+id p«miies so i~ured, a fsll to deliver promptly ~ny of s~id policies of ira~ranos to s+id INORTGAGEE, or fail promptly to pay futly any pr~mium the~etar or in any rospect fail ~o perform, dischar~e, execvte, etfect, compkte, comply wlth ~nd abid~ by thi~ covenant, a any paN Iwi~of, said MORTGAGEE m+y pl~p and pay fa such inswar~u w+ny p+rt ~M~wf withart w~'nir+p w ~ffectinp any optioo, li~n, equity, a right under a by virtw of 1Nt Mort9+~e, ~nd tM full amovnt of ~sch and evcry s~ch paym~m sMll be imrnediately dw ~nd payabk aod shall bes~ tnterest from th~ d~N thcreof until paid at tM ~a» ol nine per ce~tum p~r annum and together with wch interest ihall be secured by tM IiM of this mort9age. RtL~D AND RECOROEQ~ To psrmit, oommit o~ wffer no wut~, imp~irment w d~taioratwn of s~id prope?ty w any p+A thereof.ST. LUCIE COUNTY. FLA. 5. To pay dl and sinpvla th~ cost~, charpes a~d expenses includirg • reasonable attwn~y's fee a?d cosn of ~~i~C.Q~~~ r1l~riw{FiF~o. paid a~ any time by said MORTGAGEE, because ot in tM ~wnt of th~ fsilure oe~ tM part of 1M said MORTGAGOR w d~ly, promptly u?d fully petform, d~xhu9~; execut~. eifed. compkt~. comply wi!h and abids by ~ach u~d every the stipulstions, agreemcnn, co~ditions, and coven+nts of said promissory note and thi~ mortgags any or either, and sa~d costs, chu9es and ~xpenses. e~ch +nd ~verY. shall bs immediataly dw a ab het a t be notice d~ mand, ~ttempt tc colkd or wit p~ndirgj ~nd tM fvll amo~nt of axh aod every such payment shall bear ir it ~ t~~te ~ohf~it ~ N the rate of nine per centum per amwm; and all said costs, chuges and expenses i~tvrred or p+id, together with wch intsrest. shal~~~ty/g{~b]~ j~ of thif ~ ~~~+:-a7 ~ 6. Th~t (a) in the erent of u~y bre+ch of this Mort9a~e w defa~lt on ths part of the MORTGAGOR, or (b) i~ t~ ~nxRf,~d_ _sums of moM~y 1 u herein refared to be ~or P.omPiy ~d ruiy p+~d within thirty (30) days nex~ after the ~ame seve~ally become due + ~ tirMhb~~~i#S~snd w ~otioe, or in the event cath and every the stipvtotions, ag«ements, conditions and covenanb o} sa~d promissory oot~~ ~~~~~n~(f~ +n no1 iuly. P.on.Pry a~d t~iy Pe.fwm.d, d~xharged, executad. ~ffected, compl~ted, canplied with and ab~ded by. tF.en in either or a~y such wem t said a~ greg~M suwn meotioned in said promissory note then ramaining unpaid, with interest acuued. and all moneys secured hereby, sh~ll betortw dw and pay~ abte forthwith, O~ TF1KNffN, at ths option of said MORTGAGEE, u fvlly and compk:ely as if all of ~he said sums of mooey werR orgina~ly stipul~ted to be paid on such d:y, anythirg in said promiuory r?ote or in tha Mortg~ye ro the cootrary notwithstanding; ar+d thereupa+ or thereaftet at the option of said MORTGAGEE, wirhout not~ce or dem~~d, wit at law w in sq~ity, therefore or thereafter begun, may be prosecuted as if ~II ma~eys secured hereby i,ad rn~rwed pior ro its institution. 7. That in the event that at the beginning of w at ~ny time p~nding sny wit upon this Matg+ge, or to foreclose it, a to mform it, w to enfores payment of sny claims hereunder, said MORTGAGEE shall ~pply to the Court havirg jwisdiction thcreof fw the ~ppointment of s Receiver, wch Cowt sh+l) fo~ihwith spFwiM a receiver of said mortg~ged property all and singulsr, includ~ng all and singular the income, proiits, iuues and revenues from whafever wurce derived, cach and every of which, it beinp exFreuly u~derslood, is hereby mortgaged ss if specifiully set fath snd destribtd in the ~ru?tinp and habcndum clavses h~?eof, u+d such Receiver shsll have +11 the broad and effective functa~s and powers in anywise entrvsted by a Coun to a Receiver, and :uch appointment shall be made by such Court u an admitted eqvity ~nd a matta of abwlute right to ssid MORTGAGEE, u~d without reference to tM adequxy w inadeqwcy of the value of the property mwtgaged or to the sawency w inso~vency of said MORTGAGOR w rhe defendann, ~nd that wci~ rents, profits, intwvK, issues and rev~nues sh~ll be applied by such Reteive~ atwrdiny to the lien w puity of said MORTGAGEE and the pratlite o1 such CouA. ~ 8. To duly, promptly snd fully perform, dischargs, execute. effect. compkte, comply with and ~bide by each snd every the stipulations, agrea~nen», conditans snd coven+nts in ~id promissory note aod tltis mwtgage set forth. 9. That in the event the ownenhip of the mortgayed pramises, w sny part thereof, becomes vested 6~ a person other tha~ the MORTGAGOR, tl+~ MORTGAGEE, its successon and ~uigru, may, without notice to the MORTGAOR, deal with such suaessw ~ sutceasor in interest with reference ro this mortgage and the debl tKreby secured in the ssme manner as with Mortgsgor without in a~y wsy vifiatiny a disthargi~g fhe Mwtgsgors' liability Mn- under or upon ~he deb~ hereby secured. No s~le of the premises heroby mortgagrd and no fwbearance on Ihe p~n of the MORTGAGEE w its suaessors w suig~ and no extension of the time foc the paymcnt of the debt hereby secured yiven by the MORTGAGEf w ib successors or ass~yns, sMll operat~ ro rekase, disch~rge, modify change or affect the originsl Iisb~Gty of the MORTGAGOR herein, either in whole or in part. 10. It is specificaliy agreed that time is of the euence of this co~tract and that no waiver of any obl'gstion I+ereun~kr w of ths obliyation sa- cured haeby shall at any time thereaher be held ro be a waiver of the terms hereof or of the instrument secured herby. 11. In add~tia~ to the fwege:ng monthly payments of p~inc'pal and interest requ~red by the promisso?y note secured hereby, mort~jagor tovenanq and agrees to pay to mo:tgagee with esch montnly payment an. add~t'anal sum est~mated by mwtgsgee to be equal tb 1/12 of the anrwal cost of the fdlow- ing: A-All real property tsxes levied or assesud against the ahove desuibed real esqte. • . B-Iremiums on fire and windstorm inw~ante as fxrein requ~red to be carried on the improvements situare on the above describSN~iFtif&il~_~, ~ C-Premiums on such mortgage gwranfy insurance as mortgagee shall from time to time deem fit to urry on the loan secu~ed hereb~: . r. I Mortgsgee shaFl from time to time notify mortgagor in writing of the amount due and payabk F?e~eu~der snd suth wm shall thwlbboii `He du},^Md _ payable a+ the due date of the ne~et monthly payment and each successive month theresfter untel mort9sgee shall notify mortga~g?°~ a cl~nye irt ~id~= - E{ amount. Suth sums sF.all be applied by mortgagee foward the paymcnt of real properry fa:es, inwrance prem:ums, end molt~p`e yvarM/ty inw't~~tte ` f Premiwns. . - p ,t p ~ ~S • . _ _ ~ IN WITNESS WHEREOF, the s+id MORTGAGOR has hereunto set his ha~d and sral ihe and year f t af id. ~ A~` =3 = Signed, Sealed and delivered in th~ prssence of: ' ~ •,..Fa'!" I~` ~ - ' - ~ s e t...... ~ ~4 . At est ~ an e eon , cre ary - - - - - ~ - i STATE OF FLORIDA ~ COUNTY OF ST. LUCIE I HEREBY CERTIFY, That on this l~ ' day of October , A.D. 19 69 , before me personally appeared Joseph Peoni e~ Bla~nchs Peoni ~ respecrively President and Secretary , of ~ Merrvweather Investaent Co. , Inc. . , a Rlorida 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 ad and deed as such officers for the uses and pursoses therein mentioned; and that they ; : affixed thereto the official seal of said oorporation, •and th~ saie~ ins.trument is the act and deed of said aorporation. ; ; ,,.:~~~~f.,, . WITNESS my hand and official seal at Fort Pisrce .,:~.r= ~ said aounry a tate. ~ t s ; This instru~ent prepared by = - ' John W. Collins = t Nota PubHc. _in a for St e andC~u nty aforesaid. First Fedeza~l Savings and Loan " N4y ~itCon Ex ires: -~~,9. . G, i4 7/ Assoc ia t ion o f Ror t P ierce, F' lor i~ l i%t ; O ~ , Statt ot f~' st la~ • ~ , Notary ~ 6.1971_ ~'r:; f!t', t • • : . Mr ~ c+wl~? Sai - - Chedced By , - . , t:.:oi;. ~ eooK 180 PA6E1257 f ~ ~ r ~ . , , ~ - - - - ~ . .~.'"~;i~,~l....~~-.'~ ~ u. s~ = . ~