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Home My WebLink About2758 , ~ , 3. To place and continuously keep o~ the bui'ding~ now a hereaiter situate on said I+nd and on ali equipnent +nd personaily cov~.ed by this mor ags, w~th all p?emiums Ihrrcon pa:d in ful~, f~re insurance in the us~al standard po!icy fo~m, in a sum ~pprCV~d by Ihe MORiGAGEE, and wi~dsto insu~ance in the usual ~tandard po~.cy Fwm, in a sum approved by the MORTGAGEE, i~ such cwnpany or companie~• as tM MORIGAGEE m d~rect; and all firo and wlndatorm insurar+ce pol~cies on any of sa~d tw~~d~r+gs, any imerest tF+ereio a p+?t thereoi, ie ti» +~rc~at~ wm afwesaid in excess thereof, shall ca+tain the usual s+andard mortgagee clause or such o~her claus~ ~s the Matgagee may requir~, makinp tM loss u~da a+~d po uea, each and evcry, payable to sa~d MORTGAGEE as irs ~nferest may appea?, and each and every avch po~icy ~halt be promptlY ~u.yned and d~~ivsred ~ ( •ny held by said MORTGAGEE as further security ~o said mortgage deb~, and, not leu than ten !~0) days in advance of ths expiration of each policy, to d~ ~ I:ver to said MORTGAGEE a renewal lhereof, toge~her w~th • rece~pt to~ the premium of such renewat; and there ~hall be no fire or windstorm iosuranc ~ placed on ~ny of said build~ngs, any imeresl there~n or par~ thereof, unless in tFx form and with the loss payable as aiwesaid; a~d in the event any iun ~ of money becomes payable ~nder iuch policy a policies sa~d MORTGAGEE shalt fiave the opt~on to receive and spply the wme o+~ accounl ot ~he indebted ness seturrd he~eby or to permit said MORTGAGORS ro~eteive and use i? o~ any pa~l thercof for othcr purposes, witho~t thsrr-ot waivi~~g w~mpa~~• ing a~y equ~ty, lien a~ight vnder w by virtue of this mo:!gage; and in the evero w~d MORiGAGORS shill fa any reason tail to keep the said premisei so { ~nsu~ed, o~ Iail to del~ver p~omp?ly a~y of said F+oiKies af insuronce to said MORIGAGEE, or fail promptly to pay fully sny p~emium Iherofor a in s~y ` ~espect fail fo perfwm, d~scharge, execute, e1Frc~, complete, comply wi~h and ab~de by this covenant, o~ any part hereof, said MORTGAGEE may p~ace and pay for such inaurance or a~y part tha~eof without waiviny ot affectiny any optio~, lien, equity, or righ+ unde~ o? by virlua of this hlortgaye, u+d the full amovnt of tach and every such payment shall be immediately due and payable snd ihafl bear interesl from tha date thereof vroil paid at tM rat~ ol ~ ,~ne per centum per ar.num and to~ether with such inte~est shali be setured by the iien of Ihis mwtya9e. 4. To permil, commit or suffer no waste, ImpairrtxM a deteraration of said property p a~y part thereof. % i S. To pay ell end u~+guta~ the costs, charges a~d expcnses, includi~g a?eawnsbk attwney'~ fee and costs of abstratts oi title, incurred or paid at any time by said MORTGAGEE, because or in the event of the failure on the pa?t of ths said MORTGAGOR fo duly, promptly and futly perfam, d~sth+~yt. execute, effed, complete, comply wuh a~d ab:de by each and every ~he stipulat~a~s, agreements, conditions, and covenants oi said promissory note and this mortgape any or either, ar~d sa~d costs, charge~ and expenses, each ard eve~y, ihall be immediately due u~d payabl~; whNher a not there b~ no?~ce da mand, attempt to collect or suit pend~ng; and the full amount of each and every such payment sAall bear interes~ from Ihe date thereof until paid ~t the ~ate of nine per centum per annum; and aU said costs, charges and expenses incurred w paid, toge~her wAh such interesl, shall bs sacvred by ths li~e of thi~ morty~ga 6. That in the evero of any broach of this Moctgage or defaulr on the part of ~he MORTGAGQR, w(b) in the evenf ~ny of said turro of money herein ref~rred to be not promptly and fully paid wirhin thuty i30) days oext afrer Ihe same seveia:ty become due and payable, without demand w notite, or (c) in the event each snd every the stipulat~«u, agreements, condi~ions and covenanes ot sa~d promiaswy note and th3i mortysye a~y o~ either srt nol ~uly, promptly and fully performed, d~scharged, rxecuted, effected, cort+pleted, compl~ed with and abided Sy, then in eifher a any such ewnt tM said a¢ gregate sum mentioned in said promissory note then ~emaining unpa~d, with interest accrued, and aIl moneys aetured hereby, shall becoms dw and p+y- abie fo?thw~th, a therea(ter, at the opt~on of said MORTGAGEE, as fully and comple~ely as i( ali of t!x uid sums of money were aqinally ttipulated to be paid on such day, anything in sa:d p~omissory note or in this Matgage to the con~re~y notwithstanding; and thereupa~ w theceaftor at tM option of sa;d MORTGAGEE, without notice o~ demand, suit at I~w or in equity, ?herefore or thereafter begun, may be prosecuted as if all moneys secur~d heroby nad matured pr~W to its irotitutiOn. 7. That in the event that at the beginning of or at any time pending any suit upon this Mortgage, « ro foreclose ir, or to reform it, or to enfo~ca paymenf of any claims hereu:ider, said MORTGAGEE shall apply to the Cou~1 having jur~sd~ctio~ the~eoi for the appointment of • Receiver, suth Carrt sMll Forthwith appoint a receiver of said mortgaged property all and singular, includ~ng all and singviar the inco~ne, p~oiits, iuues and revenues from. wMts~er source de~ived, each and every of whKh, it be~ng expressly unde~srood, is hereby mortgaged as if specifically set forth and dewibed in the ~~antiiq and I~abendum dauses hereof, and suth Receiver shall have a!1 ~he b~oad a~d effec~~ve funct~ons and powe~s in anywise enttusted by ~ Court to a Reteivsr, and •~ch appointment ihall be made by such Court as an adrnitred equity and a master of absotute right fo s~id MORTGAGEE, and without re/erence to th~ adequacy a Inadequaty of the value of the propetty mortgaged o~ to the so.vency or insolvency ot s~id MORTGAGOR a~he defeodann, and thaf svth renrs, profitt, intane, iasues and revenues shall be appiied by suth Recaiver accord~ng to the Iien or equity of said MORTCsAGEE ~nd the practiu of tuth COUrt. 8. To duly, promptly and fu11y pcrfwm, discharge, execute, e(fect, complete, comply with and abide by each and every the stip~rlations, sgreements, 4 co~ditioro and covenants in smd promissory nore and this mortgage set forth. ~ 9. That in the event the ownership of the mortgaged premisca, or any part thereof, becomes vested in s person other fhan the MORTCaAGOR, 1F+~ i h1pRTGAGEE, its successors and ass~gns, may, wifhout norice to the MQRTGA02, deal with such succeasor w successor in interest with referersce to this ~ mortgsge and the debt hereby secured in the aame manne~ as with Mortgagor w~thout in any way vitfafing a diuhargi~g the Mortya9ors' liibility htre- f unde~ a vpon the debt hereby secured. No safe of the premises hereby mo~tgaged and no forbearance on the part of tM MORTGAGEE or its wttesso~s ~ or assgns snd no extension of the ~ime for ?he payment of the debr hereby secured given by the MORTGAGEE or its successws or auiyra, shall operate ro releax, discharge, modify change w af(ect the orig~nal liab~tity of the MORTGAGOR herein, eitt~er in whole or in part. ~ 10. It is spec~fically agreed that time is of the e.ssence of th~s co~tract and that no waiver of any obligation hereunder w of tht obliyation sr ; cured he~tby shalf at any time thereafter be hetd to be a wa~ver of the terms hereof or of the instrument secured herby. ~ 11. In add~tion to the forego'ng monthty payments of princ'pal and interest requ~red by the prom~ssory note secu.ed hereby, morlgagOr covenanfs and agrees to pay to mo:tgagee with each menthiy ~ayn;ent an add~rional sum esf~:,~a~ed by mortgagee to be equal to 1/12 of 1he annual cost of the fo~low- in~: A-All real prope.ty taxzs levied w assessed aga~nst thc above dex~i6ed rea! es~ate. _ B-Prem~ums on fire and windsrorm insurance as herein requ~red to be carried on the improveme~ts silvafe on the above destribed premiiq, C-Premiums on such mortgage guaranty ir.surar:ce as mo~~gagee shall from t~me to time deem fit to carry on the loan secured Fqreb~:'~~~{/~,'j . - Mortqagee sfia?I from time to time notify mor?gagor in writing of the amoum due and payable haeun~er and such sum shall•Il~r~t~~, ~fd „ ~ayabk on the due aate of ~he next month:y payment and each successive month thereafte? ur.til mortqayee shall notify mortgagw:pf~.~l•tMrg~~y~ ' a~~,ount. Such sums sha~l be app:ied by mortgagee toward the payment of real ~9psrry t~xes, insurance prem:ums, and mort~ye.•'~aeb .iiAyi~-;~ ~ p~emiums. l . ~ ' ~ ~:g,,- r, f IN WITNESS LYHERfOF, rhe sa~d MORTGAGOR has hereunto set his hand and seai the day •nd u mf afwesaid. 3~ ` S~yned, and ' e?ed in the prescrue of: F1lfD AN~ RECOROCO ~ ~1+(~jY' ,~i.~_ ~ ~ sT_ lUC1E ~~UNTY FLA. ~ . r- - ROGER r017aAS - ttERK C~Rf UIDT COU~T ~ 1 1 ei ' ~ ~ » ~ `~p ~ ~ RECORQ vER1 E ~ '•~1~ 0 S~r 19 10 ~s ~ ~ - - AH'TI crtlc K.uAnas~• - - ~"l.--w_~'_-~---'~~~ ~ - 3 z~s~s STATE OF FIORIDA COUNTY O~ ST. LUCIE I HEREBY CERTIFY, That on this day of SeRtesbQr , A.D. 19 7~ before me pe~sonally appeared ~ellY Hall ~ roc~tiMSly President and feoetw~ , of _ 1Gellv Construction CooQanv , a Rlorids Corpozation ~rpo~ation, to me s known to be the persorM described in and who executed the foregoing instrument, snci atknowledgcd the axo- ~ ~ cution thereof to be ~r free act and deed as such officer~ for the uses and pur~ir~ .'.t~; and that ~ ~ ' . • • ~ affixed thereto the official seal of said oorporation, and the said instrumeM.-l~~'It?•~f•ene~ c~d Ot said corporation. . r~ ' . j. ~ WITNESS my hand and official seal at fo~t Pierce Flot i _~~u~ity and st~= _ " ~ This instsu~nt prepartd by ~ John w. Collins ~ Notary Public, in d~ . Cou aforesaid. ~ F ir st R~desal Savinqs and I.oan My Commissio~ fx~iiss:' ~~?.?usuc. sr~n ~t ~~o~ ~t ux~E ~ Association of Rort Piorco~ Rlorida .+~r•-to~wi;,sac~ E;F;Q;~ ses~r. 2s. »,s bJ(Idtd 'tf~ 14m,:ncin lt,ok~rs insurtnca ~,0. Checked 8y ~ _ ~ BD~R~V~ r~aCE~r~~ ; ~ ~ - ~ . V _ ~ ~~~`~~~...~:~~i"s~ ~:~.~~.v.. . , _