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Home My WebLink About1586 . 3. To piace and com~nuovs~y kcep on the bu~id~n9s now or hereaf~e~ ?~t~~te on sa~d land and on a~~ equip~nent and pe~sona~ly cove~ed by ~his mor •gs, with all premivms Ihereon pa•d in Full, lire ins~~ance in ~he usual stsnderd po~~cy form, in a sum ap~uoved by tha MORi"v:~GEE, a~~d w~:~duo ~nsurance i~ the usuat sianda.d po:.cy for:n, in a s~m approved by ~he N10RTGA~,EE, in fu;h compa~y w cwnp+n~es as ehe htOR1GAGEE m d~rec~; and aU fire ~nd winJs~orm insu.ance po~~c~es on any of te~d bu~tdmyi, any interes~ therei~ or put thereof, in the aggrrgs~e sum sforesa~d in •:cesf 1F~reof, shell contain ~he usual standartl mwtgagee clause oi auch oiher claus~ as tht Morl9aqee may requ~is, maAing the Ioss under se~d po urs, each and every, payable 1o said A10RTGAGEE as its interest may appear, and each ~nd every such pol~cy ahall be p~ompuy •is gnrd and de~~~ared ~ any held by uid MORTGAGEE as iu~ther ~eturity ro uid nwrtyage debt, and, not less ~han te~ U0) days in advance oi the expiia~~o~ ol each po~~cy, to d. I~~er lo said MORiGAGEE a re~xwal ~hereof, ~oge~her with a reca~p~ for the prem~~m ol ivch ~enewal; and ~here shall be ~o f~re o~ windstO~in insuranc plated on any o( said build~ngs, s~y interesl thete~n or part thereoF, unless in the iorm and with the losf paYable at afore~aid; a~d in the event any sv~ oi money bccomes pa~able unde~ such policy or pofcies said MORTGAGEE shall have the opt~on ~o recrive and apply the same on account of the indrbtad ness secured hereby w to pcrmit ss~d MORTGAGORS ro receive and use it a any part thrreof for o:h~~r purF~osra, .•.~~no~t fh~.~o~ w~~n.~7 c~ ~~np.:~~ ~ng any equ~ty, lis~ or r~ght under a by virtue of thi~ mo:~gage; end in the event ~a~d MORTGAGORS sha!I fa any reason fa~l to keep ~hc se~d prem~ses so ~ne~red, w(ail fo delivm promptly any of seid pofic~es of insu~ante to said MORTGAGEE, o~ fail promptly to pay fu~ly any pre~»i„m therefor a in anY respect lail to perform, d~stharge, eaec~te, ef(ect, cai~ptete, comply wilh and abide by ~his cove~ant, w any parf hereo(, sa~d MORTG~IGEE mey p~ate a.o pay fw suth inaurance or any part thereof wdhout waivi~g o? afFectinp any optlon, lien, equ~~y, or righf undei or b~ virt~e of this Morrqage, a~d ~he 1~i1 amoum o1 each and e~ery such paymero shall be immcd:ately d~,e and payable and shall bear interest from ths daie tAereof until po~d at ihe ro~e ot n~ne per cent~m per annum and to~ether w•ith such interes~ shai~ be secured by the I~en o1 th~i mort9~9Q• 1. To pe~mit, commit w sufter no waats, impairment a deterioration of ~aid property q any part thereof. S. To pay atl and singul~? the coat~, cha~ges and expenses, ~ncludin9 a reasonable attwney's fce and cosrs of abstracts of tlfte, incu~red or pa~d at any tim.e by said MORTGAGEE, bata~se a in the event of the (ailure on the part of the said MORTGAGOR lo duly, promptly and fuliy perfam, d~stharqe. execure, elfect, compte~e, compty w~th and ab:de by each and every rhe st~pvlanons, agrcements, cond~tionf, and covenanrs of sa~d prom~ssory ~ore a~d ih~~ »orrgage any o~ e~the~, and sa~d cosrs, charges and e+epenses, e~ch and every, shal~ be immedutely due ~nd payable; whe~her w not there be not~ce dr mand, at~empt to collect o: suit pend~ng; and the full amount of each and evcry such payment shall bea. interes~ from the date tFureot unfil paid at the r,+re o! nine per cent~m par amium; and all sa;d costs, charges and eaprnses inturrcd or paid, fogether w~th such interest, shall be iecured by ~he lien of th~~ mortysye. b. That (a) in the evenf of any breach of this Mortgage w default on the part of the MORTGAGOR, or ;b) in the eve~t any of sa~d sums of money herein referred to br ~ot pr«nptly a~d fully paid wi~hin th~rfy (30? days ~ex~ afeer the same severalty become due and payable, without demand or not~ce, o~ (c) in Ihe event each snd every the stipuiations, agreements, cond~tions and covcnants of sa:d p~omissory note and th~s mortgage any or e~ther are no1 iuly, prompNy and f~lly pe~formed, d~achargcd, eaecuted, eifeued, completed, compl~ed w~~h and ab~ded Sy, iFxn in e~ther or any such eve~~ the sa~d ag g~egate sum mentioned in sa~d promissory note then remaining unpa~d, wi~h in~erest accrued, and all moneys srcured hereby, sAa~l become due and pay ao.e forthwith, or therea{ter, at the opt~on of seid MORiGAGEE, as fully and comple~ely as if all of the said sums of money were or~g~nally st~p~:ated ro be pa~d on such day, anyth~ng in sa:d prom~ssory note or in this Matgage to the comrary notw~thstanding; snd thereupon or thereafter ~t ths opt'ron of s>,J AItORTGAGEE, w~thout no~rce or demand, suit at law or in equity, the~efore or thereafre~ brgun, may be prosecuted as if ell moneys tecured hereby nsd maWred pnor to ~b instituuon. 7. That in the event that at the beginning of or at any time pertding any suit upon th~s Mortgaye, or to fo+edoa~ 1t, o? fo rcfam N, or to enforte payment oF any claims he~eunder, said MORTGAGEE shall apply to the Cou~t having ~ur~sd~ct~on thereof for ~he appointmenl of s Receiver, wch Co~~t shail tc; thwith appoiM a receiver of said mortgagrd property all and singular, includ~ng a!I and singu~ar the intome, ~prof~ts, issuef a~ revenues from whalever seu~ce derived, each and evcry of wh~ch, i~ being expressly vnde~stood, is hereby mortgagrd as if spzc~tically set fo~th and desc.ibed in the granring and ti~bendvm clavses F+ereof, snd such Receiver ahall have al~ the broad and effecnve funct,ons and powers in anyw~se entrusted by a Cou~t to a Receiver, and :,-h appointment shall be made by such Court as an admi~ted eGuity and a ma~te? of aCsoiute r~ght to said MORTGAGEE, ar.d withcut refererxe to the ad-~quacy o? insdequacy of the val~e of the prepe~ty mortgaged or to the so~vency or insotverxy of said MORTGAGOR or the defendants, and that such e^+s, profits, incane, issues and revenues shall be applied by such Receive~ accord~~~g to the lien or equity of said MORiGAGEE and the practice ol such Court. 8. To duty, prompt!y and fully perform, d~scha~ge, ezecute, effect, complete, comp~y w~rh and ab~de by each and every the sfipuiations, sg.eements, ;ond~tions and covenants ~n sa~d promissory noie and th~s mortgage set forth. 9. That in the event tFe ownership of the mortgaged premises, or any part the~eof, becomes vested in a person other than the MORTGAGOR, the ,:.ORTGAGEE, its successors and assigns, may, wiihout norice to ~he MORTGAOR, deat wi~h s~ch successa w successw in interest w~th reference to this o: ~gage a~d the debt hereby secured in tFr_ same manner as with Mortgagor w~~hout in any way vit;ating w d~scharging the Mortgagori liabiiity herr :~der or upon ~he debt heroby secured. No sale of the pemises hereby mortgaged and no forbearence on the part ot the MORiGAGEE w its wccessors o~ ass~gns and no exrensron of the t~me for the payment of the debt hereby secured given by Ihe MORT6AGEE or ~ts successws or aas;gos, s~ull opera~e ro re~ease, d~scherge, modify change a affect the orig~nal liabit;ty of the MORiGAGOR herein, either in whole or in part. 10. !t is speufically agreed that time is of the csu~ce of this contrac~ and tMt no waiver of eny obligat~on hereunder or of the obligation sr wred hereby shall at any time thrreaf~er be hetd ro be a waiver of the terms hereof or of the instrurtu~t srcured herby. 11. In add:t~o~ to the torego'~g monthty paym~nts oF princ pat and inte~est requ~red by the prom~ssory no!e secured hereby, mortgagor covenants d ag.ees to pay to mortgagee w~th each momhly pay~neM an add~t~onal sum estm:ated by mortgagee to be equai to 1;'12 of the anoy~{ cos~ of the follow- ~ ~ I A-Ali real property ts:rs levied w assessed agai~st thc above described resl estate. - i . t B-Premiums on fire and windstorm insurar.ce as herein req~~red to be carried on the ~mprovemeats sduate on the aboYe des[.~ibed prfmises. i C-Premiums on such mortgage g~aranty ir.surar~ce as mortgagee shall from t:me to time deem fit to carry on tbe loan secwed bereby. f Mortqagec sha!I from time to time no+~fy mortgagor in wr~teng of the amou~t due and payable hereunder and sueh surn shafl fFiereuRort be u've and ~ ;.iyable on the due date of the next month:y payment and each wccessive month thereafter ur.hl mortgagee shall notify mortgagor of a ti+anse In such ~ ovnt. Such sums shall be appi~ed by mwrgagee toward the payment of real properry taxes, inwrance prem~ums, and mortgaqe guaiaMy itfyurance ; ~ c;~emiums. . ~ r IN Y~ITNE55 WHfREOF, the said MORTGAGOR has hereunto set his hand and seal the day and year first afwesaid. - ' ~ ~i , Sealed and detiv " t e presence of: .~AME . I~l~~i. " J~ • P• A. ~ ~ BY: ~s?9~1i1 , ~ L~ (Seaq ~ Jaies H. Men ~1, s. prQSi~t ~ -s-a,.-~ ATTEST : 0.~tQC~ 1Yl~~.l1~~ (5eaq ~ Psula D. Myers ~ Se etasy rs~,q ~ : ~ - _ - - - - - - ~ ~ ~ ~ STATE OF FLORIDA COUNTY OF ST. IUCIE ~ ! HEREBY CERTIFY, That on this 9th day of Rebruery , A.D. 19 72, F . ~ before me personally appeared James H. Mende 1. JZ . and Paula D. Mver s ~ ~ respectively as President and Secretary of James H. MendQl Js. M.D.P.A. Florida ; _ • ~ , a Corporation, to me :y = 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 purposes therein mentioned; and that they ':r affixed thereto the official seal of said corporation, and the said instrument is the act and deed of said corporation. = WITNESS my hand and official seal at Fort Pierce , said county and state: Thi s instruaent prepared by ~=Y John W. Collins - Notsry Public, in and for State and County foresaid. ' Firat Fed¢ral Savings and Loan M Commi:sion Ex ~res: ~ nssociation of Fort PiercQ Florida y p ~~~n~~di'LORio~nuR~t[ • M1~ ~0~111RSStON EXWRES SEPT. 25. 1975 F~ • FIlEO AMO RECORDED . H0^~~ ef' 6a~inrs Insunnce ..a ST. LU^"' ^'?U4T~ FL~ ' . F.;"G: lf Checked By C~~::, • . p ~ r ..i FE8 9 i`L. 46 PN'~z aooK199 PACE1585 = ~=i 223590 _ - , > - - - - - - . . : - ~ d;~~=