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Home My WebLink About0152 3. To place and coroinuous~y keep on ihe bui'd~ngs now or hereafter ~~tuate on said land and on af; equip:nant and personaliy covered by this mwtg- ege, with all premiurr,s thereon p~:J in fu~l, lirc insurance in the uaual s!andard po~ity form, in a sum aHproved by tha htOk~vAGEE, and windstorm insurante in the usual uandard poLCy form, in a suni approved by ~ha b10RTGAGEE, in such company or com~+an~es as ~he htiORiGAGEE may di?eth •nd aU fire and wi~Js~orm insurante po~~c~es on any of said build~ngs, any interesl thercin or part therc~t, in ~he aggr•.gate sum aforesaid o~ in ezces~ ~he~eof, shall :ontain the usual standard mortg~gee ciause or such othe~ dause as rhe Mo~tgagee may iequ.re, meA~ng the ioss unJrr sa~d poli- c~ef, each and eve~y, payabie fo said MORTGAGEE as its in~rres~ may appear, and each and eve~Y suth pa~~cy shall be promp~ly as: y~~~d and deliva~rd to any held by sa~d MORTGAG[E as fu~the~ sewr:ty ro sa~d mor~gage debt, and. not less than ~en (10) days er. ade.,~cr ai the expirat~on of cach po~ity, fo de- tiver to sa7d MQR(GAGEE u renewal thereof, togerbai with a ~ece~p~ ior thc premium oi such renewal; and thrre shall be no i.re or windsto~m insvrence placed on any of said bv:!d~ngs, any inlerest ~herein o~ pa~l thereof, unless in the fo~m and with the loss payable as afcresaid; anrS in the event any sum of money becomes payable under such p~lir~ or po6cies saiJ MORTGAGEE sh311 have rhe opt~on ro receive ~nd apply the same on accoum ot the i~~.iabmd• ~ess sewred hereby o~ to permir sa~d MORTGAGORS to receive and use it or any part thereof for o:i~~ r~.v~E :.z_•s. ..~t~r ~t ih n; ~v~~.~ cr ~~„p,,~~- ing any equity, Gen or right under w by virlue of this matgaga; and in the event sa:d MpRTGAGOR$ shaH :or any reason fa~l to keep the sa~d premis~s so insured, or fail to deliver prartptly any oi sa;d poGcies of insura~ue to sa~d MORTGAGEE, or (oil proinpNy to pay f~;ly any pre•n,~~n ?horrfor o~ in a~y respect (ail to pe~form, d~scharge, exetute, effect, complete, comply wiih and abidr by th~s cove~a~t, or any part h~reof, s..~d MGRT;,AGEE may piace a~~a pay for s~ch insurance or any part thereof w~thout waiv~ng or affecring any optio~, lieh, eqv~ty, o~ rghf under or b~r vi~~ue of th~i hlorrgage, and ~hc full amount of eath and every such paynieM shall 6e immed~ately due and payable and shall brar intci~•s? irom tha date th~rcof uniil pa~d a1 the rate ol n~ne prr cen~um F,rr a~num ~nd toge~hrr Nirh such inrer~st shat~ be srcured by the lien of thls mo~tgagr. 4. To permit, tommit or suffet no waste, impa~rr.~ent or deterioration ot said properfy or any part thercof. S. To pay atl and singular ~he costs, charget and expenses, ;r.<luding a reasonable attorney's fee and cos:s of abstracts of tetle, incuned or pa~d at any time by said MORiGAG:E, because or in the event of thr failure on tne par~ of the said AtORTG/~GOR to duly, pron,ptly and fu~ly pwform, d~scharge. ~xecute, effecf, cwnplete, co~npfy w~~h and a~.de by each and every ;Fe at~pulai.ons, agreemems, cond~nons, and cover~anes of sa~d pra:n~ssory note and tb;s .TOngage any or e~~her, and sa:d cosrs, charg¢s and expenses, each and evEry, shall be immed~ately due and payabie; whr~her or not there be norice d~ mand, attempt to collett or suit pend~ng; and thr fu~! amou~t of each and every such payment shall bea~ interest from ~he date ther-rof uniil paid at ~he iite oi n~ne per c~~nt~m p~~r on„~:n; ~n~ aJ sa~d CGStS. CFId('~f3 dn(~ ex;~rnses ;ncurred or paid, togethcr w~th such iiiterest, shall oe secured by the Gen of th~i mortgage. 6. That {a) in the event of any breach of this MortgagE or defa~lt on ths part of the MUKiG~1GOR, or ;b) in the event any of sa'd sums of money herein referred to be not pro~nptiy and fuily paid w~rh~n th,rty (30) days nexe arrcr rhe sa~nB icve~a!Sy b~tome due and payabte, wi~hout de:nand or notice, or (c) in the eveM each and evary the stipu:ahons, agreements, cond~tions and covenaNS of sa d promisscry notr and th.s mortoage any or enher are not ~uly, promptly and fuify perfurm¢d, d;scharged, ecec~ted, effected, tompleted, complied with and ab~ded 5y, then in e~~her or any svch event the said ag gregate su~ menr~aned in s„d promissory note ihrn remain~ng unpa~d, with intere;t occrued, and ati moneys secured hereby, shall beco~ne d~e and pay- able forthwith, or thereafrer, at the op`~on of said b10R1GAGEE, as fully arw~l complescly as if all of thr sa~d sums oi money ~ncre or~ginaily sGpuiated ' • ~ • a, t}useu n or ttkrcafte~ at the op~~on of sa~d MORTGAGEE, ,n~rhout no~•ce or demar.d, suit at faw a in equity, therefore or thereaher begun, may be prosecuted as if all moneys secured hereby nad matured pnor to ns institvt~on. 7. That in the e+ent ~h~t at the beginn~ng of or at any time pending any su~f upon this Mortqage, or to forettose it, or to reform it, or to enforce payme~~ of am claims here~ndar, said MORTGAGEE shal) apply to the Court havi~g ~urfsd.ct~on t?~e~eot for the a~Ho~ntmeM of a Rece~v~r, wch Cowt shall fo~thwieh appo~nt a recri.er of sa~d mortgag~d procerty all and singular, ~n~tvd,ng afl and singwar th> ;n~o:ne, proirts, i3sues ar.d revenues from whate.er :ovrce deiived. each and every of wh~ch, ~t being express!y ~nderstood, is hereby mortgaged as ii spec~f;cally set iorth and describrd in the g~anting ar.d h3~ndum dauses hereof, and svch Receiver shall have ati the broad and efiett~ve funtt.ons and po.~ers in anywne emrustrd by a Cou.t to a Receiver, a~.d scch appointme~~t sha11 t~ made by such Courr as an admirred equity artd a ma~ter of absolute nghf to sa~d MORTGAGEE, and w~thow re(erence ro the adequaty o~ inadequat~ of the vaiue of tne property mongaged or to the so:vency or ~nsolvency of said MORiGAGOR o~ the def~ndants, and that such rems, profi:s, inccme, iswes and revenues shall be app{~ed by such Recelver accord~ng to the lien or equity o( said MORTGAGEf and the practice of such CWn. 8. To duly, promptly and fulty perform, discharge, execute, effetl, complete, comply with and abide by each and every the stiputations, agreements, conditioru and covenanrs in sa~d promissory note and thu mortgage set forth. 9. That in the event the ownership of the mortgaged premises, a any part thereof, becomes 'vesfed in a perSOn other ihan the MORTGAGpR, the h10RT(',AGEE, irs successors and ass~gns, may, without notice to tbe h10RTGAOR, deal w~tn sucn .succeuor or successor in interest with reference to this n,ortgage and rhe dFbt hereby secured in the samt manner as with Rlortgagor without in a~~ way vit~ating or d~scharging the Mortgagors' tiability her~ under or upon the debe he~eby setured_ No sale of tl~e Fremises he~eby mortgaged and ~io forbearance on the part o~ the MORTGAGEE or i1s successon or assigns s^a ~o e•~ans~on of the t;me (a the payment of the debt heicby sec~red givc~ by the MORiGAGEf or its successors or au~gns, s~wll operate to reiease, d~scharge, modify ~hange ur affect the original Iiab~Gty oi ~he MORiGAGOR herein, either i~ whole or in part. 10. It is spe:~t~catly agreed that time is o( the e:sence of rhis contracr and rhat no waiver of any ob~tgat~on hereunder w of the obligation se- cured hereby shall at any time therealter be held to be a waiver of the ter~s hereof or of the instrument secured herby. 11, In ~;id t:o : to ti;e forego ng month~y paymcros of pr;nc pai and interest requ~red by the prom;ssory nore sec~red hereby, m,o~t~~or epvenants and agrces to p.+k to ^.ortgayee nith cach e~omhiy pay~aent an ado~rionat s~m est~n:ared b~ mortgagee to be equa! !o l, I2 of the annu~lyto 16fh}je,folbw- ing: ' A-A`:~ real praperty taxes lev~ed a ass-~ssed agai~~st the above descrihcd real estate. . . • s . 8- Prrrr,u•ns on f~re and v,indstorm insurtrce as herein requ;r~d to be carried on 1he improvemeats situate on the abovC desVibed ptemise'!. C-Pre=n~ue s e~ s~ch mortgaoe guaranty ir.surar:ce as mortgagee shail from t me to rime deem fit to carry pn tht sec~ted hwCb~~ Moitgagee s~+~" =rom ~~me to t~me nocif~ mortgagor ~n mit~ng of the amov~t d~e and payable hereunder and suth wrn shalt thereupQA be d~e and Fayable o~ tn~• d~e daie oi ihe ~ext monthiy payment and each successive month thereafi_r ur,til mortgagee shatl r.otify mo~tgegor of a cF.ang~ iA such amount. Such w:nz si~a:t be app!ied by morrgagee toward the payment of real p~opeity ta~es, insurance prem:ums, a~id ruortgsge, ,~uaraNy inwrance premiumi. • • ~1 . IN wITr~E~S 1:HEREOF. rhe sa~d MORTGAGOR has hereumo set his hand aod seal the day and year first atoresaid. • $igned, $ealed a~d de',ivered in the p•esence uF(LEO AND RECORD - i•~' t•` l ST. LUClE COUhTY, LUCIB COUdTY. BANK ~1: 2=~lstQ6 5~an , _ ~;~c~^ ~t~ ~~c ~r Trus g ee ~ . t. at6d 56 a4 _ ~ _ ~ Ig~! ~a~~~ by ~ (SeaD J~~+l 5 /+l~ ~ cSes~~ StATE OF ftORIDA . soucu~~ St. Lucie y~~~? Attest. J ~ . i Q! i ie:.S - ~ ~ - - - - - - CL~RK C1RCUiT COURT~ ~ STATE OF FLORIDA COUNTY OF ST. LUCIE j 1 HEREBY CERTIFY, That on this 31st day of D c , A.D. ]9 before me personally appeared _ Robert Terry and Pe99Y Barrv respectively President and 1~~e-Presidet~t ar~d Cashier , of St . Lucie Countv Banlc , a [tlorida Corporation, to me known to be the persons dexribed in and who executed the foregoing instrument, and severally acknowledgetl the exe- cution thereof to be their free ad and deed as such officers for the uses and purposes therein mentiorted; an'~ ~h~a~,t they F affixed thereto the official seal of said corporation, and the said instrument is the act and deed oE sajd ~~brpbration. ! WI7NESS my hand and off+cial seal at Fori Pierce ~s.Luei~Florida , said''county and state. • ' 4 This instr~ent prepazed by Frank Fee , i•- ' F irst Federal Savings and Loan Assx . : ~ f ~ J , ~ ~ of Rort Pierce Notary Public, in and for State and County aforesaid. B y F rank Fee My Commission Expires: Mr co~: ~,",auc, sTarE oF ~.rQ~oa ~r t~~~. lONDEO ~Mwo~~N EXP,^-c rrryy ~2 ~„~1 o?~ r p c n.v, _ ~Elr. . ~ ~~2 ~~~E ~5~. ~~~r_~ - - . , . .,.,~4..w.a°r