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Home My WebLink About1590 3. To ptace and co~tinuously keep on fhe bu~'dngs no~r or hereafter ?itwte on sa~d land and on alt equipmen~ and pe~sons~ly covered by ~his ma eg~, w;th aii p~emiumi rhe~con pad in full, t~re inswance ~n the usuai sra~~da~d po~ay form, in ~ sum app~oved by the MOR~GAGEE, u~d w~ndsw msv~ante in ~he ut~al standard po~.ty fwm, in a sum approved by ~he ASORTGAGEE, in luch tompany Or Co:npan:es as IFie MORTGAGEE d:recl; and all }iro ar,,~ w;ndstorm insura~ce po~~c~es on any of sa~d buiid.ngf, any interei~ therein or parl thereof, i~ the aggregaee sum afo~ese~d in excess Ihereof, shall conram ~he usua~ standard me~~gagre ctause a such o~her c~ause as the Mo~tgagce may req~~~a, ms?ing thr ioss ~ndrr se~d po c~es, each •nd every, payable io said A~ORTGAGEE as ~IS intrrest may appes~, and euh and every such poi~cy thall be prompUy ass gnrd anJ deuv~red ~ any held by said MORTGAGEE as furthrr securiry ~o sald mwtgage debt, and, not leu than ten (10) days in advance of ~he expirat~on u~ each pot~cy, to d. I;ver to said MORTGAGEE a renewal thereof, toge~he? with a rece~pt for the prem~um of such renewa~; and there shall Ix no fae o~ w~~~dstwm ir.svranc placed en sny of sa~d builJinqs, any i~teretl therein or part thereoF, un!ess in the form and with ~he loss payab!e as ufo~esaid; and in the rvent any sun of money betomet payable under such policy or poGcies said MORiGAGEE shall have the opnon to recr~ve and app!y the same on account oi the ~~~abtrd nrsi secured hereby or ro perm~l sa~d MORTGAGORS ~o receive and use it w any part thrrroi fo~ o:i,er pur:~oies, v.~+hc~t ~hr.u~ ..~~~~~7 ~`r ~~~~P~~' in9 any ~quity, I~en a r~gh~ unde~ a by viriue of this mo:'gage; and in the event sa~d MORTGAGORS shall fw any reawn fail to kcep ~he sa~d prem~sa~ so ~rnured, o~ fail ro delfver promp~Ey any of said poGcies oi insurance ro sa~d MORiGAGEE, w fail promptly to pay fuity any pre~n~.,~n thercfor o~ in a~y rcspecl (ail to perfwm, d~scharge, eaecvte, e(fett, complete, canply wi~h and ab~de by thts covenant, w any part hareof, se~d M.GRiG:~GEE may p~ace a••a 5 pay (w such insurance or any part thereof w;~hout waiving or affec~ing any op+~o~, lien, equny, or nght under o~ by virtue of ~h~s hlwigage, and ~hE full amount oi each and every ~~th payment shalt be immediately due and payable and shall brar interest from 1M date thercof u~~~il p~~d at ~iu rate ol n~ne per centum per annum and to3ether v~ith suth interest shal~ be srcured by the tien o( this mortgsge. 1. To (xrmie, commit w sufFer no waste, impairment w deterioration of said property o? any part thereof. S. To pay all and sirgulu the costs, chargef and expenses, includ~ng a reasonable attorney'a fee and costs of abstracts of title, incurred or paid at any time by sa~d MORIGAG.E, becavse w in the eveM of the (a~ture on the part of the sald MORTGAGOR to duly, promptly and f~lly pr~form, datherge exec~te, effect, comptete, comply w~th and ab:de by each and every the st~pulat~ons, agreemenrs, cond~nons, and covrnanrs of sa~d pro~nlssory note and ~h~e mortgage any w either, and sa~d cosb, charges and expenses, each and eve~y, shall be immed~ately due and payable; whether o~ not there be notice da n,and, attempt ta collect w suit pend~ng; and the full amount of each and eve~y such payment shall bear interest from the date thereof unti~ paid at tF~e r~re of n~ne per centum per an~~urn; an~ all said coats, charges and expenses incurred or paid, together w~th such intereit, ihall pe secured by the lien of th~~ mortgage. 6. Tha1 (a) in the evcnt of any breach of this Mortgage or default on the part of the MORTGAGOR, w(b) in the evenf any of sa~d sums oi money herein referred to be ~ot promptly and lully paid within th,rty ~30) days next atr•_r ihe same sevaaily txcome due and payab!e, wi~how de~nand or no~ice. o~ (c) in tha event each ~nd eve~y the stipulations, agreements, cond~tio~s and covenants of sa,d promiswry note and th~s mortgage any er e~~her are not iuly, promptly and fully perfc~rmed, d.scharged, executed, elfeded, compteted, canpl~ed wi~h and abided ~iy, then in e~ther or eny such event the sa~d ag ~r~ate sum ment~oned in said promissory note then remaining unpeid, with interest accrued, and atl moneys setured hereby, shatl become due and pay- ao;e fo~thwith, w thcreafter, at the oprion of said MORTGAGEE, as fvlly and completeiy as if al{ of the sa~d sums of money were ongmaUy st~pulated io be pa:d on s~ch day, a~ything in sa:d prom~sswy note or in this Mwtgage to th~ conrra~y notwiths~and~ng; and ~hereupon or thereafter at the opt~on of :a:d MORTGAGEE, without not~ce or demand, suit at law w in equ~ty, therefore or thereaiier begun, may be prosecuted as if all moneys secured hereby r, d matured pnw to As institut~on. 7_ That in the event that at the beginning of or st any time pend~ng any su~t upon this Mortg~ge, or to' faeclose it, or to reform it, or lo enforce ~~aymenf of any c~aims hereunder, said MORTGAGEE shall apply to the Co~ri hawng ~urnd~crion thereof fw the appointment of a Receiver, wch Co~rt shall i_~rhwith appoiM a rece~ver of said mortgaged property all and singula~, indud,ng ail and s~ngu!ar ~he irecome, prof~ts, issues and revenves f~om whatever sr.,~ce derived, each and every oF wh~ch, ~t being expressly understood, is he~eby mor~gaged as if speGficatty set fath and descnbed in the granr~~ig and ~abendum cla~ses hereof, and wch Receiver sha1~ have a!1 the b.oad and effecrive fvnct,ons and powers in anyw~se entrusted by a Courl to a Receiver, and :_ch appointment shall be made by svch Court as an ad~nitted equ~ty and a matter of absotute r~ght )o sa~d MORTGAGEE, a~d wishout refere~~ce to the aciequaq w inadequacy of the vaive ef ?he prooerty mwtgaged or to the so.vency or mso:ve~cy o! sa~d MORTGAGOR a Ihe defenda~ts, and rhat such .e~rs, profits, incane, iswes and revenues shall be applied by such Receiver accord~ng to the lien or equity of said MORTGAGEE and the prac~ice of such Co~rt. ~ B. To duty, promptly and fully p~rtorm, d~stharge, execute, effect: compiete, comply with and abide by each and every the stipu~at~ons, agreements. :onditions and covenants in sa~d promiasory note and th~s mortgage set forth. ? 9. That in the event the ownc~ship of the mortgaged prem~scs, or any part thereof, becomes vested in s person other than the MORTGAGOR, the .'ORTGAGEE, irs successo~s and assigns, may, wirho~t notice to the MORiGAOR, deat w~th such successor a successor :n interest wiih reference to this ~~o•rgage and the debt hereby secured in the same manner as w~th Mortgagw without in any way vit~ating or d~scharging the Mortgagors' liability here- ~~~~der or upon the debt hereby secured. No saie of the prem;ses hereby mortgag?d and no forbearance an the pan of the /JIORTGAGEE w its successws o+ ass~gns and no ezte~sion of the rime for the payment of the debt hereby sec~~ed g~ven by the MGRTGAGfE or 'rts wccessors or ass~gns, ahell operate ro release, discharge, modify change or affect the o+iginal liauility of the MORTGAGOR herein, e~ther in whole w in part. 10. It is speuficatly agreed that time is oF th. esser.ce of this contract and that no waiver of any obtlyation hereunder or of the obtigation se- cured FKreby shali at any time thereafter be he:d to be a warve~ of the terms hereof w of the instrumen't secured he~by. I1. In add,+~o~ +o the forego ng monthly paym_nts of p:inc pai and inreresr requ~red by the piom ssory no~e secvred hereb~, mortgagor cove~arts d agrees ro pay to mortgayee w~th each monrhiy pay~,eent an add:nonal sum est~n,ated b~ mortgagee to be equa! to 1;~ 12 of the annual cost of ihe follow- ~ A-All real property taars levia~ or assessed agai~~st thc above descri.~,ed real estate. 8-Prem~ums on fire aad windsto~m ~nsurarce as here~n requ~red to be ca~ried on the improveme~ts situate on the above d;scribed premises. i C-Prem~ums on wch mortgage gua+anty insvra..ce as mortgagee sha(I from. t me to t~me deem fit to carry on the loan secured hereby. ~ ~ Mortgagee sha!I irom tame to time notify mortgagor in writ~ng of the amount due and payable hereunder and svch surn shall thereupon be due and + ? ~~~able on the due dare of the next month:y payment and each svccessive month tharesfter until mortgagee shall not;fy mortgaoor oi a change in soch g o~nt. Such sums sFaii be apptied by mortgag~e toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurance ; ; •emiums. F IN WITNESS :YHEREOf. the sa~d MORTGAGOR has hereunto set his hand and seal the day i year first a~oresaid_ x , Sea~ed a:~d el'v red in he p?esence of: B~M ~ W~~ S T R ~ FILEC ~ Z!' °ECCRDED By; ary ~ ST LUC . i:~JkiT" f~A. ~ ~ R^." '-=AS (Sesq ~ . - C:r_. .':C4J ptte5 S ~ cc~, . - • . - ~ ia . o , - ~urer ~ ` -,c- l _ '(6eaU ~ - - - - F€s 9 ltr~ll~!'?2 - - ~=~:r_ ~ G ' " ~ ~ V r.. ~ ~ ~ 223592 ~ r ~ . STATE OF ~ LORIDA ' COUNTY OF ST. UCIE ~ . t~ ~ ~ , ! ~ ? , ~ 1 HEREBY CERTIFY, That on this _day of-____ rA.D. 14 ~~a-~ ' ~ before me personally appeared _JaAes H. Blantor~ and ulia R. WOOd r;; o!~~ ~ ~aspectively _ as President and Treasurer Secretary - - , of Blanton and Wood Conatruction Inc. Rlorida z ' a- - Corporation, to me known to'be the persons described in and who executed the foregoing instrument, and severally acknowledged fhe exe- cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; ~and• thai they _ aff~xed 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 cou an tate. 7 ''~is instrumPnt pzepare~ by Richard Y,. Kayes • , ~ i rst Federal Savings and L,oan Association ~'ott Pieree, Floticia Notary Public, in and for St te and County afor~said: _ My Commission Expires: ~ O n.~~ ~C~ ~ J"~' h-, - Checked By ~ _ = ao~K 199 FA~E1589 ;_~i _ _ ~ - - , _ _ _ = : , ~ . _